For Further Information:
                                                         
   
Michael D. Picchi
Fruehauf Trailer Corporation
(317) 630-3000

                                                         
   
    FRUEHAUF TRAILER ANNOUNCES MANAGEMENT CHANGES


     Indianapolis, Indiana -- August 30, 1996 --
Fruehauf Trailer Corporation (NYSE:FTC) today announced
that Derek L. Nagle has been appointed President of the
Company.  Mr. Nagle will assume most of the
responsibilities previously held by Thomas B. Roller,
the Company's former President and Chief Executive
Officer.  Mr. Nagle joined the Fruehauf organization in
1970 and has served in a variety of capacities.  Since
1995, Mr. Nagle has been the Company's Executive Vice
President of North American Operations. 

     Mr. Nagle stated: "I am aware of the challenges
facing the Company and I am humbled by the confidence
that the Board has shown in me.  My focus will continue
to be primarily directed to the Company's operations.  I
look forward to leading Fruehauf in this effort."

     Fruehauf also announced that its Board of Directors
has formed a special committee to coordinate the
implementation of the Company's previously announced
strategic plan.  Richard Nevins, a Director of the
Company since January 1995, will serve as Chairman of
the new committee.  Mr. Nevins brings a wealth of
experience in financial restructurings to his new
position.

     The Company also announced that Timothy J. Wiggins,
its Executive Vice President and Chief Financial
Officer, has resigned to accept a new position.  Mr.
Wiggins' resignation will become effective on September
15, 1996.

     Mr. Nevins stated: "We are genuinely saddened by
Tim's decision.  He has made a number of outstanding
contributions to the Company during his tenure."  Nevins
also stated that, "The Board is pleased that Mr. Nagle
has agreed to accept the responsibilities of President. 
He is the best possible person to provide the leadership
the Company needs at this time."

     Fruehauf Trailer Corporation is one of the leading
manufacturers of truck trailers, producing, marketing,
and servicing the industry's widest range of dry freight
van, refrigerated van, platform, dump and liquid and dry
bulk tank trailers.  Among the largest suppliers of
trailer parts in North America, Fruehauf products are
sold throughout the truck trailer industry's largest
Company-owned dealer and authorized independent dealer
network in North America.


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