Federal-Mogul Files Amended 1996 Annual Report on Form 10-K

Aug 18, 1997, 01:00 ET from Federal-Mogul Corporation

    SOUTHFIELD, Mich., Aug. 18 /PRNewswire/ -- Federal-Mogul Corporation
 (NYSE:   FMO) has restated the previously issued 1996, 1995 and 1994 financial
 statements for certain charges recorded in 1996.
     The restatement does not affect the company's balance sheet at
 December 31, 1996.  The following summarizes the net effect of the
     ($ Millions)              Net Earnings (Loss)
                          As Reported      As Restated
         1996               $(211.1)        $(206.3)
         1995                  (9.7)           (5.8)
         1994                  63.3            59.7
     An Amended 10-K for the year ended December 31, 1996 containing the
 restated annual and quarterly financial information was filed today with the
 Securities and Exchange Commission.
     Headquartered in Southfield, Michigan, Federal-Mogul is a $2 billion
 global manufacturer and distributor of a broad range of non-discretionary
 parts primarily for automobiles, light trucks, heavy trucks, and farm and
 construction vehicles.  Visit the company's web site at
 http://www.federal-mogul.com for more information on Federal-Mogul.

SOURCE Federal-Mogul Corporation