Dividend Declaration

Caterpillar Inc
10 October 2007




October 10, 2007



FOR IMMEDIATE RELEASE


                    Caterpillar Inc. Maintains Dividend Rate

PEORIA, IL - Highlighting the company's global reach and industry diversity, the
Board of Directors of Caterpillar Inc. (NYSE: CAT) today declared a quarterly
cash dividend of thirty-six cents ($0.36) per share on its common stock, payable
November 20, 2007, to stockholders of record at the close of business October
22, 2007.

'Caterpillar's strong global footprint, diversified service businesses and
aggressive new product development strategies are delivering very solid
financial results,' said Caterpillar Chairman and Chief Executive Officer Jim
Owens. 'As a result, we continue to reward our stockholders through quarterly
dividends.  Moving forward, I have a high level of confidence that our
deployment of the Caterpillar Production System and the use of 6 Sigma
discipline will drive Team Caterpillar to achieve our strategic goals for
safety, quality, velocity and growth.'

The $0.36 dividend maintains the dividend rate for the previous quarter and is
20 percent higher than the dividend paid one year ago.  Caterpillar has paid a
dividend every quarter since November 1933 (296 consecutive quarters) and has
paid higher dividends in each of the last 14 years.

For more than 80 years, Caterpillar Inc. has been making progress possible and
driving positive and sustainable change on every continent. With 2006 sales and
revenues of $41.517 billion, Caterpillar is the world's leading manufacturer of
construction and mining equipment, diesel and natural gas engines and industrial
gas turbines. The company also is a leading services provider through
Caterpillar Financial Services, Caterpillar Remanufacturing Services,
Caterpillar Logistics Services and Progress Rail Services. More information is
available at http://www.cat.com/.

Caterpillar contact:
Jim Dugan
Corporate Public Affairs
[phone]
[e-mail]


                      This information is provided by RNS
            The company news service from the London Stock Exchange