Cummins Annual Report Table of Contents Highlights Letter to the Shareholders Cummins' Worldwide Business Management Discussion and Analysis Statement of Financial Position Statement of Cash Flows Statement of Shareholders Investment Notes to Consolidated Financial Statements Responsibility for Financial Statements Report of Independant Public Accountants Five-Year Supplemental Data Board of Directors Officers and Executives Cummins Worldwide Locations Shareholder Information Cummins Web Site Home Page

Statement of Earnings t Cummins Engine Company, Inc. Consolidated Statement of Earnings Top of page Cummins Engine Company, Inc. Consolidated Statement of Financial Position Top of page Cummins Engine Company, Inc. Consolidated Statement of Cash Flows Top of page Cummins Engine Company, Inc. Consolidated Statement of Shareholders' Investment Top of page