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                                                                   Exhibit 99(4)

CONTACT:          RAOUL J. WITTEVEEN
                  (212) 916-3261


FOR IMMEDIATE RELEASE


INTERPOOL, INC. TO PAY CASH DIVIDEND ON COMMON STOCK

PRINCETON, NJ, June 23, 1998 - Interpool, Inc. (NYSE: IPX) announced today that
it will pay a cash dividend of 3.75 cents per share for the second quarter of
1998. The dividend will be payable on July 15, 1998 to shareholders of record on
July 1, 1998. 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
1998 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.


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