Polaris Industries Inc.
1225 Highway 169 North
Minneapolis, MN 55441
INDEPENDENT AUDITORS
Arthur Andersen LLP
Minneapolis, MN

DIVIDENDS
Communications concerning transfer requirements, address changes, dividends and lost certificates, as well as requests for Dividend Reinvestment Plan enrollment information should be addressed to:
Norwest Bank Minnesota, N.A.
161 North Concord Exchange
South St. Paul, MN 55075-0738
1-800-468-9716
Shareowner@aol.com

FORM 10-K
The Form 10-K annual report to the Securities and Exchange Commission is available without charge to shareholders upon written request to:
Investor Relations
Polaris Industries Inc.
1225 Highway 169 North
Minneapolis, MN 55441-5078

ANNUAL SHAREHOLDERS' MEETING
The meeting will be held at 9:00 a.m., Thursday, May 20, 1999 at the Radisson Hotel and Conference Center, 3131 Campus Drive, Plymouth, MN. A proxy statement will be mailed on or about March 29, 1999 to each shareholder of record on March 22, 1999.

PRODUCT BROCHURES
For product brochures and dealer locations write or call:
Polaris Industries Inc.
1225 Highway 169 North
Minneapolis, MN 55441-5078
1-800-Polaris (765-2747)

INTERNET ACCESS
To view the Company’s annual report and financial information, products and specifications, press releases, and dealer locations, access Polaris on the Internet at:
http://www.polarisindustries.com
http://www.victory-usa.com

SUMMARY OF TRADING
Year Ended December 31,
1998 1997

Quarter High Low High Low

First $ 38.00 $ 27.81 $ 26.25 $ 22.75
Second 39.00 33.00 32.56 22.25
Third 38.19 30.31 32.50 28.50
Fourth 39.19 24.75 33.25 28.75

STOCK EXCHANGES
Shares of common stock of Polaris Industries Inc. trade on the New York Stock Exchange and on the Pacific Stock Exchange under the symbol PII.

CASH DISTRIBUTIONS AND DIVIDENDS DECLARED
Quarter 1998 1997

First $ .18 $ .16
Second .18 .16
Third .18 .16
Fourth .18 .16

Total $ .72 $ .64

Shareholders of record of the Company’s
common stock on February 26, 1999: 3,306.
Share price on February 26, 1999: $28.25.
© 1999 Polaris Industries Inc.