Exhibit 99.1
INGERSOLL-RAND COMPANY LIMITED
Condensed Consolidated Balance Sheet
(In millions)
UNAUDITED
			March	December
			31, 2004	31, 2003
ASSETS
Current assets:
	Cash and cash equivalents		$       210.8	$       457.7
	Marketable securities		1.0	1.9
	Accounts and notes receivable, net		1,662.1	1,645.6
	Inventories		1,083.5	975.1
	Prepaid expenses and deferred income taxes		393.2	356.8
	Assets held for sale		157.8	145.8
		Total current assets	3,508.4	3,582.9
	Property, plant and equipment, net		1,140.3	1,171.1
	Goodwill		4,168.0	4,187.3
	Intangible assets, net		878.3	882.9
	Other assets		899.0	840.7
		Total assets	$   10,594.0	$   10,664.9
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable		$       696.8	$       725.4
	Accrued expenses and other current liabilities		1,472.0	1,501.6
	Loans payable		799.5	800.7
	Liabilities held for sale		31.8	25.3
		Total current liabilities	3,000.1	3,053.0
	Long-term debt		1,522.8	1,518.6
	Other noncurrent liabilities		1,579.4	1,600.0
			6,102.3	6,171.6
Shareholders' equity:
	Common stock		175.7	174.5
	Other shareholders' equity		4,581.0	4,589.3
	Accumulated other comprehensive income		(265.0)	(270.5)
		Total shareholders' equity	4,491.7	4,493.3
		Total liabilities and equity	$   10,594.0	$   10,664.9
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION