Exhibit 99

- --------------------------------------------
FOR IMMEDIATE RELEASE
- --------------------------------------------
Date:    July 14, 2003
- --------------------------------------------            [LOGO] DREW
Contact: Leigh J. Abrams, President and CEO        INDUSTRIES INCORPORATED
- --------------------------------------------
Phone:   (914) 428-9098  Fax: (914) 428-4581
- --------------------------------------------
E Mail:  Drew@drewindustries.com
- --------------------------------------------

                      Drew Industries' Corporate Governance
              Scores in 98th Percentile of Russell 3,000 Companies
     RV and manufactured housing parts supplier receives a high score from
                             independent researcher

WHITE PLAINS, NY - JULY 14, 2003 - Drew Industries Incorporated (AMEX: DW) today
announced it has received high marks for its corporate governance policies from
one of the nation's leading governance advocates. Institutional Shareholder
Services, Inc. (ISS), a Rockville, Md.-based independent research firm that
advises institutional investors, rated Drew in the 98th percentile of all
companies listed in the Russell 3,000 Index.

Drew Industries, a White Plains, N.Y.-based recreational vehicle and
manufactured housing products maker, said it has been notified that the
Company's Corporate Governance Quotient(TM) (CGQ(TM)) outperformed 98.4 percent
of the Russell 3,000 companies, according to ISS. The CGQ is an independent
rating system designed to assist investors in evaluating the corporate
governance structures of publicly traded companies.

ISS used 61 rating criteria in the CGQ scoring system for the Russell 3,000
Index companies. The rating issues are divided into eight categories: board
issues, audit issues, charter and bylaws, state of incorporation, executive and
director compensation, qualitative factors, ownership and director education.

Leigh J. Abrams, President and CEO of Drew, said: "We are extremely pleased to
be recognized by ISS for our corporate governance policies. Drew's board has a
history of strong corporate governance policy, and it has been quick and
diligent in reaffirming our commitment to shareholders through policies and
procedures that uniformly benefit and protect all shareholders. We have a strong
and independent board of directors that takes its duties to the company
seriously, and will continue to hold itself to the highest standards of
corporate governance. "

About Drew Industries

Drew, through its wholly-owned subsidiaries, Kinro, Inc. and Lippert Components,
Inc., supplies a broad array of components for RVs and manufactured homes.
Manufactured products include aluminum and vinyl windows and screens, doors,
chassis, chassis parts, chassis slide-out systems, and bath and shower units.
From 40 factories located throughout the United States and one factory in
Canada, Drew serves most major national manufacturers of RVs and manufactured
homes in an efficient and cost-effective manner. Additional information about
Drew and its products can be found at www.drewindustries.com.

About ISS

Institutional Shareholder Services, Inc. is the world's leading provider of
proxy voting and corporate governance services. ISS serves more than 950
institutional and corporate clients worldwide with its core business-- analyzing
proxies and issuing informed research and objective vote recommendations for
more

                                    --more--



DREW INDUSTRIES / Page 2

than 10,000 U.S. and 12,000 non-U.S. shareholder meetings each year.

ISS also offers director education courses and encourages companies to adhere to
strict corporate governance policies in the interest of shareholders.

Forward Looking Statements

This press release contains certain statements, including the Company's plans
and expectations regarding its operating strategy, products and costs, and its
views of the prospects of the recreational vehicle and manufactured housing
industries, which are forward-looking statements and are made pursuant to the
safe harbor provisions of the Securities Litigation Act of 1995. These
forward-looking statements reflect the Company's views, at the time such
statements were made, with respect to the Company's future plans, objectives,
events and financial results, such as revenues, expenses, income, earnings per
share, capital expenditures, and other financial items. Forward-looking
statements are not guarantees of future performance; they are subject to risks
and uncertainties. The Company does not undertake to update forward-looking
statements to reflect circumstances or events that occur after the date the
forward-looking statements are made.

There are a number of factors, many of which are beyond the Company's control,
which could cause actual results and events to differ materially from those
described in the forward-looking statements. These factors include pricing
pressures due to competition, raw material costs (particularly aluminum, vinyl,
steel, glass, and ABS resin), availability of retail and wholesale financing for
manufactured homes, availability and costs of labor, inventory levels of
retailers and manufacturers, the financial condition of our customers, interest
rates, and adverse weather conditions impacting retail sales. In addition,
general economic conditions and consumer confidence may affect the retail sale
of RVs and manufactured homes.

                                       ###