Exhibit 99.1

                         DRESSER INDUSTRIES LETTERHEAD

                                               Donald R. Galletly (214/740-6757)

August 6, 1996                                             FOR IMMEDIATE RELEASE



                            DRESSER INDUSTRIES TO
                      ISSUE $300 MILLION OF DEBT DUE 2096

DALLAS, TEXAS... Dresser Industries, Inc, (NYSE: DI) announced today that the 
Company will issue $300 million of 7.60% debentures due August 15, 2096.  The 
100-year debentures, lead managed by Salomon Brothers Inc., were priced at 
99.709 to yield 7.622%.  The net proceeds of $295.5 million will be used for 
the repayment of commercial paper and for general corporate purposes, 
including, without limitation, acquisitions and the repurchase of shares of 
common stock, pursuant to the Company's share repurchase program.  The 
Company, under its current authorization to purchase up to $400 million of 
its outstanding shares of common stock, has repurchased approximately $200 
million of its common shares.

This press release is not an offer to sell nor the solicitation of an offer 
to buy nor will there be a sale of the securities in any state in which such 
offer, solicitation or sale would be unlawful prior to registration or 
qualification under the securities laws of any such state.

Headquartered in Dallas, Dresser is a leading supplier of highly engineered 
products and services utilized in hydrocarbon energy-related activities 
throughout the world.