Exhibit 99


Contact:  Kimberly A. Welch 248/354-1916

FOR IMMEDIATE RELEASE

Federal-Mogul Completes Acquisition of Cooper Automotive
- --------------------------------------------------------

      Southfield, Michigan, October 9, 1998: Federal-Mogul
Corporation (NYSE:FMO) Chairman and Chief Executive Officer Dick
Snell today reported the auto parts company completed the
acquisition of Cooper Automotive, a business unit of Cooper
Idustries, Inc., (NYSE:CBE) for $1.9 billion.

      "We continue to enhance our position as a leader in the
automotive industry through positive economic value added
acquisitions that are on-strategy," said Snell.

      Funding for the transaction includes $1.6 billion and $350
million of 18-month and eight year facilities, respectively.

      "In the last twelve months, we've raised approximately $1.5
billion of equity and placed $1 billion of attractive long-term
bonds," said Thomas W. Ryan, executive vice president and chief
financial officer, noting the company has an unutilized $600
million commited revolving line of credit. "We expect to continue
growing a profitable Federal-Mogul as we have the financial
flexibility as well as the time available to see today's
financial markets improve."

      Headquartered in Southfield, Michigan, Federal-Mogul is a
$7 billion automotive parts manufacturer providing innovative
solutions and systems to global customers in the automotive,
light truck, heavy-duty, railroad, farm and industrial markets.
The company was founded in 1899 and employs 56,000 people. Visit
the company's web site at http://www.federal-mogul.com for more
information. Federal-Mogul's press releases are available by fax
through Company News On-Call, call 800-758-5804, ext. 306225.