FOR IMMEDIATE RELEASE


                 INTERPOOL TO PAY CASH DIVIDEND ON COMMON STOCK

PRINCETON, NJ, June 19, 1997 - Interpool, Inc. (NYSE: IPX) announced that
it will pay a cash dividend of 3.75 cents per share for the second quarter of
1997. The dividend will be payable on July 15, 1997 to shareholders of record on
July 1, 1997. The aggregate amount of the dividend is expected to be
approximately $1,033,000.00. The amount of the quarterly dividend is based on a
1997 annualized dividend rate of 15 cents per share.

     Interpool, originally founded in 1968, is one of the world's leading
lessors of cargo containers used in international trade and is the second
largest lessor of intermodal container chassis in the United States. Interpool
leases its containers and chassis to over 200 customers, including nearly all of
the world's 20 largest international container shipping lines.