EXHIBIT 99
 
 CASE
                                                         NEWS RELEASE
 ______________
 
CASE CORPORATION  700 STATE STREET  RACINE, WI
53404  U.S.A.                                           HTTP://WWW.CASECORP.COM
 
For more information, contact:
William B. Masterson (414) 636-5793
 
For Immediate Release
 
                  CASE CORPORATION SETS STOCK BUYBACK PROGRAM
 
  Racine, Wisconsin (May 14, 1997)--Case Corporation (NYSE:CSE) announced
today that its board of directors has authorized the purchase of up to 4
million shares of the company's common stock from time to time. The plan was
approved today at a meeting of the company's board following its annual
meeting of shareholders.
 
  The 4 million shares authorized for repurchase by the board represents about
5 percent of Case's approximately 74 million common shares issued and
outstanding. Timing of the program will be determined by financial and market
conditions.
 
  Case Corporation, with revenues of nearly $5.4 billion in 1996, is
headquartered in Racine, Wisconsin, and is a leading worldwide designer,
manufacturer and distributor of agricultural and construction equipment. The
company's products are sold through a network of approximately 4,900
independent dealers and distributors in more than 150 countries. Case Credit
Corporation, a wholly owned subsidiary of the company, services a portfolio of
$4.5 billion of agricultural and construction equipment financing and leasing
contracts.
 
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