Exhibit 99.1
INGERSOLL-RAND COMPANY LIMITED
Condensed Consolidated Balance Sheet
(In millions)
UNAUDITED
			December	December
			31, 2003	31, 2002
ASSETS
Current assets:
	Cash and cash equivalents		$       457.7	$       342.2
	Marketable securities		1.9	1.8
	Accounts and notes receivable, net		1,712.8	1,392.8
	Inventories		1,009.1	1,181.3
	Prepaid expenses and deferred income taxes		357.1	379.2
	Assets held for sale		-	820.8
		Total current assets	3,538.6	4,118.1
	Property, plant and equipment, net		1,213.1	1,276.3
	Goodwill		4,188.0	4,004.0
	Intangible assets, net		882.9	890.9
	Other assets		842.3	520.3
		Total assets	$   10,664.9	$   10,809.6
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable		$       738.9	$       724.6
	Accrued expenses and other current liabilities		1,513.4	1,614.6
	Loans payable		800.7	1,155.5
	Liabilities held for sale		-	303.4
		Total current liabilities	3,053.0	3,798.1
	Long-term debt		1,518.6	2,092.1
	Other noncurrent liabilities		1,600.0	1,441.2
			6,171.6	7,331.4
Shareholders' equity:
	Common stock		174.5	169.2
	Other shareholders' equity		4,589.3	3,822.1
	Accumulated other comprehensive income		(270.5)	(513.1)
		Total shareholders' equity	4,493.3	3,478.2
		Total liabilities and equity	$   10,664.9	$   10,809.6
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION