Exhibit 99.1
INGERSOLL-RAND COMPANY LIMITED
Condensed Consolidated Balance Sheet
(In millions)
UNAUDITED
			June	December
			30, 2003	31, 2002
ASSETS
Current assets:
	Cash and cash equivalents		$       108.1	$       342.2
	Marketable securities		165.6	1.8
	Accounts and notes receivable, net		1,505.4	1,405.3
	Inventories		1,222.4	1,189.8
	Prepaid expenses and deferred income taxes		254.2	379.3
	Assets held for sale		-	794.0
		Total current assets	3,255.7	4,112.4
	Property, plant and equipment, net		1,243.2	1,279.9
	Goodwill		4,093.1	4,005.5
	Intangible assets, net		890.4	890.9
	Other assets		743.0	520.9
		Total assets	$   10,225.4	$   10,809.6
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable		$       727.0	$       730.3
	Accrued expenses and other current liabilities		1,409.1	1,617.1
	Loans payable		699.3	1,155.5
	Liabilities held for sale		-	295.2
		Total current liabilities	2,835.4	3,798.1
	Long-term debt		1,836.2	2,092.1
	Other noncurrent liabilities		1,704.6	1,441.2
			6,376.2	7,331.4
Shareholders' equity:
	Common stock		169.7	169.2
	Other shareholders' equity		4,071.2	3,822.1
	Accumulated other comprehensive income		(391.7)	(513.1)
		Total shareholders' equity	3,849.2	3,478.2
		Total liabilities and equity	$   10,225.4	$   10,809.6
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION