EXHIBIT 99.1

The Board of Directors and Stockholders
BREED Technologies, Inc.;

We have audited the consolidated statements of earnings, stockholders' equity, 
and cash flows of BREED Technologies, Inc. and subsidiaries for the year ended 
June 30, 1995. These consolidated financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these 
consolidated financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standard require that we plan and perform the audit to obtain reasonable 
assurance about whether the financial statements are free from material 
misstatement. An audit includes examining, on a test basis, evidence supporting 
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present 
fairly, in all material respects, the results of operations and cash flows of 
BREED Technologies, Inc. and subsidiaries for the year ended June 30, 1995, in 
conformity with generally accepted accounting principles.

As discussed in note 1 notes to the consolidated financial statements, BREED 
Technologies, Inc. adopted provisions of the Financial Accounting Standards 
Board's Statement of Financial Accounting Standards No. 109, Accounting for 
Income Taxes, as of July 1, 1993.


/s/ KPMG Peat Marwick, LLP
KPMG Peat Marwick LLP
Tampa, Florida
July 21, 1995