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                                                                    Exhibit 99.1


                              CUMMINS INC.
                           500 Jackson Street
                      Columbus, Indiana 47202-3005

FOR IMMEDIATE RELEASE                                   CONTACT:  JASON RAWLINGS
                                                                  (812) 377-7719


                    CUMMINS INC. ANNOUNCES INTENTION TO SELL
                       $200 MILLION SENIOR NOTES DUE 2010

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Columbus, Indiana, November 5, 2002 - Cummins Inc. (NYSE: CUM). Cummins Inc.
today announced that it intends to issue $200 million of senior notes due
2010 (the "Notes"). The net proceeds from the offering will be used to repay
Cummins' existing 6.25% notes due March 1, 2003, to repay outstanding
borrowings under Cummins' revolving credit facility and to repay certain
short term borrowings. The balance of the net proceeds will be available for
general corporate purposes.

This news release does not constitute an offer to sell or the solicitation of an
offer to buy the Notes. Any offers of the Notes will be made only by means of a
private offering memorandum. The Notes will not be registered under the
Securities Act of 1933 or applicable state securities laws, and may not be
offered or sold in the United States absent registration under the Securities
Act and applicable state securities laws or available exemptions from such
registration requirements.

A global power leader, Cummins Inc., headquartered in Columbus, Indiana (USA),
is a corporation of complementary business segments that design, manufacture,
distribute and service engines, electric power generation systems and engine
related products, including filtration and emissions solutions, fuel systems,
controls and air handling systems. With approximately 24,900 employees
worldwide, Cummins serves its customers through more than 500 company-owned and
independent distributor locations in 131 countries and territories. Press
releases by fax can be requested by calling News On Demand (toll free) at
888-329-2305. The Cummins' home page can be found at www.cummins.com.

Information provided and statements in this release that are not purely
historical are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements regarding the
company's expectations, hopes, beliefs and intentions on strategics regarding
the future. It is important to note that the company's actual future results
could differ materially from those projected in such forward-looking statements
because of a number of factors, including, but not limited to, general economic,
business and financing conditions, labor relations, governmental action,
competitor pricing activity, expense volatility and other risks detailed from
time to time in Cummins' Securities and Exchange Commission filings.