Dividend Declaration

Caterpillar Inc
14 December 2005


FOR IMMEDIATE RELEASE
                                                               December 14, 2005



                    Caterpillar Inc. Maintains Dividend Rate

PEORIA, IL -- Caterpillar Inc. (NYSE: CAT) today declared a quarterly cash
dividend of twenty-five cents ($0.25) per share on its common stock, payable
February 18, 2006, to stockholders of record at the close of business January
20, 2006.

This maintains the dividend rate for the previous quarter.



For more than 80 years, Caterpillar Inc. has been building the world's
infrastructure and, in partnership with its worldwide dealer network, is driving
positive and sustainable change on every continent. With 2004 sales and revenues
of $30.25 billion, Caterpillar is a technology leader and the world's leading
manufacturer of construction and mining equipment, diesel and natural gas
engines and industrial gas turbines. More information is available at
www.cat.com.

Caterpillar contact:
Rusty L. Dunn
Corporate Public Affairs
[phone]
[e-mail]



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