Exhibit 99
Woodward Governor Company
Additional Exhibit - Description of
Annual Report Graphs


Below is a description of the graphs appearing under
"Financial Highlights on page 1 of our 1999 Annual Report.

NET BILLINGS:
    This bar graph shows consolidated net billings for
    products and services in millions of dollars for the
    fiscal years ended 1995 through 1999.  Consolidated
    plot points are $380, $417, $442, $490, and $597 with
    the first plot point for 1995.

NET EARNINGS:
    The bar graph for consolidated net earnings is in
    millions of dollars for fiscal years 1995 through 1999.
    The plot points beginning with 1995 are $12, $22, $18,
    $22, and $31.  A second plot point reflecting earnings
    before equity in loss of an unconsolidated affiliate,
    beginning in 1997 is $24 in 1997, $25 in 1998, and $32
    in 1999.

NET EARNINGS AND CASH DIVIDENDS PER SHARE:
    The bar graph for consolidated net earnings and cash
    dividends per diluted share is for fiscal years ended
    1995 through 1999.  Beginning with 1995, plot points
    for net earnings per diluted share are $1.03, $1.92
    $1.57, $1.90, and $2.73.  Plot points for cash
    dividends per diluted share, beginning with 1995, are
    $.93 for all years.