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Tenneco Board Declares Q2 Dividend

12 May 1998

Tenneco Board Declares Second Quarter Dividend

    GREENWICH, Conn., May 12 -- Tenneco announced
today that its board of directors has declared a regular second quarter
dividend of 30 cents on its common stock.  The dividend is payable on June 9,
1998 to shareowners of record at the close of business on May 22, 1998.
    This is the sixth dividend declared since Tenneco's restructuring at the
end of 1996, which completed its five-year corporate transformation from a
conglomerate into a growth-oriented company focused on automotive parts and
packaging.

    Tenneco is a $7 billion global manufacturing company headquartered in
Greenwich, Conn., with 50,000 employees worldwide.  Tenneco Automotive is one
of the world's largest producers and marketers of ride control and exhaust
systems and products, which are sold under the Monroe(R) and Walker(R) global
brand names.  Among its products are Sensa-Trac(R) shocks and struts,
Rancho(R) shock absorbers, Walker(R) Quiet-Flow(TM) mufflers and DynoMax(TM)
performance exhaust products, and Monroe(R) Clevite(TM) vibration control
components.  Tenneco Packaging is among the world's leading and most
diversified packaging companies.  Among its products are Hefty(R) trash bags,
Hefty OneZip(R) and Baggies(R) food storage bags, E-Z Foil(R) single-use
aluminum cookware and Hexacomb(R) paper honeycomb products.

    For more information about Tenneco, visit the Tenneco website
http://www.tenneco.com.

SOURCE  Tenneco