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Navistar Board Approves Dividend on Series G Preferred Stock

16 December 1997

Navistar Board Approves Dividend on Series G Preferred Stock

    CHICAGO, Dec. 16 -- The Board of Directors of Navistar
International Corporation today declared a quarterly dividend of
$1.50 per share on Navistar's $6.00 cumulative preferred stock, Series G, to
be paid on January, 15, 1998, to all holders of record of such preferred stock
of the Corporation as of January 5, 1998.
    Navistar International Corporation, with world headquarters in Chicago, is
the leading North American producer of heavy and medium trucks and school
buses.  Navistar maintained its position as the sales leader in the combined
United States and Canadian retail markets for medium and heavy trucks and
school buses through the fiscal year, achieving a 28.6 percent share, which is
1.1 percentage points higher than a year ago.  The company also is a worldwide
leader in the manufacture of mid-range diesel engines which are produced in a
range of 160 to 300 horsepower.

SOURCE  Navistar International Corporation