EXHIBIT 99.1
INGERSOLL-RAND COMPANY LIMITED
Condensed Consolidated Balance Sheet
(In millions)
UNAUDITED
			March	December
			31, 2003	31, 2002
ASSETS
Current assets:
	Cash and cash equivalents		$       125.2	$       342.2
	Marketable securities		148.4	1.8
	Accounts and notes receivable, net		1,348.9	1,405.3
	Inventories		1,203.6	1,189.8
	Prepaid expenses and deferred income taxes		277.2	379.3
	Assets held for sale		-	794.0
		Total current assets	3,103.3	4,112.4
	Property, plant and equipment, net		1,253.0	1,279.9
	Goodwill		4,045.4	4,005.5
	Intangible assets, net		885.4	890.9
	Other assets		651.0	520.9
		Total assets	$    9,938.1	$   10,809.6
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable		$       692.1	$       730.3
	Accrued expenses and other current liabilities		1,418.2	1,617.1
	Loans payable		529.9	1,155.5
	Liabilities held for sale		-	295.2
		Total current liabilities	2,640.2	3,798.1
	Long-term debt		2,088.6	2,092.1
	Other noncurrent liabilities		1,604.8	1,441.2
			6,333.6	7,331.4
Shareholders' equity:
	Common stock		169.3	169.2
	Other shareholders' equity		3,948.7	3,822.1
	Accumulated other comprehensive income		(513.5)	(513.1)
		Total shareholders' equity	3,604.5	3,478.2
		Total liabilities and equity	$    9,938.1	$   10,809.6
		Total liabilities and equity
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION