As filed with the Securities and Exchange Commission on September 3, 1999

Registration No. 3363227

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

POST-EFFECTIVE AMENDMENT NO. 1

FORM S-3

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

Textron Inc. Textron Capital I Textron Capital II Textron Capital III Textron Finance, L.P. (Exact Name of Registrant as Specified in its Charter) Delaware Delaware Delaware Delaware Delaware (State or Other Jurisdiction of Incorporation or Organization) _________________________ 40 Westminster Street Providence, Rhode Island 02903 (401) 421-2800 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Each Registrant's Principal Executive Offices) Michael D. Cahn Associate General Counsel and Assistant Secretary Textron Inc. 40 Westminster Street Providence, Rhode Island 02903 (401) 421-2800 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service for Each Registrant) __________________ Copies to: Louis A. Goodman Skadden, Arps, Slate, Meagher & Flom LLP One Beacon Street Boston, Massachusetts 02108 (617) 573-4800 _______________________   05-0315468 05-6110105 05-6110106 05-6110107   (I.R.S. Employer Identification No.)  

Textron Inc., Textron Capital I, Textron Capital II, Textron Capital III and Textron Finance, L.P. hereby remove
from registration such indeterminate number of preferred securities of Textron Capital I, Textron Capital II, Textron
Capital III and Textron Finance, L.P., together with the related guarantees of Textron Inc. with respect thereto, and such
indeterminate principal amount of senior debt securities, subordinated debt securities and junior subordinated debt
securities of Textron Inc., having an aggregate public offering price of $10,985,000 covered by the Registration Statement
on Form S-3, as amended (Registration No. 33-63227).

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, Textron Inc. has duly caused this Post-
effective Amendment No. 1 to this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Providence, and State of Rhode Island, on this 2nd day of September, 1999.

TEXTRON INC.

By: /s/Michael D. Cahn

Name: Michael D. Cahn

Title: Attorney-in-Fact

Pursuant to the requirements of the Securities Act of 1933, this Post-effective Amendment No. 1 to this
Registration Statement has been signed below on this 2nd day of September, 1999 by the following persons in the
capacities indicated.

Signature	Title
___________*_____________	Chairman, Chief Executive Officer and
Lewis B. Campbell	Director (Principal Executive Officer)
___________*_____________	Director
H. Jesse Arnelle
__________________________	Director
Teresa Beck
___________*_____________	Director
R. Stuart Dickson
__________________________	Director
Lawrence K. Fish
__________________________	Director
Joe T. Ford
___________*_____________	Director
Paul E. Gagné
__________________________	Director
John A. Janitz
___________*_____________	Director
John D. Macomber
__________________________	Director
Dana G. Mead
__________________________	Director
Brian H. Rowe
___________*_____________	Director
Sam F. Segnar
___________*_____________	Director
Jean Head Sisco
___________*_____________	Director
Martin D. Walker
___________*_____________	Director
Thomas B. Wheeler
___________*_____________	Executive Vice President and Chief
Stephen L. Key	Financial Officer (Principal Financial Officer)
___________*_____________	Vice President and Controller (Principal
Richard L. Yates	Accounting Officer)

*By: /s/ Michael D. Cahn
Name: Michael D. Cahn
Title: Attorney-in-Fact

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, each of Textron Capital I, Textron Capital II
and Textron Capital III has duly caused this Post-effective Amendment No. 1 to this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of Providence, in the State of Rhode Island on this
day 2nd of September, 1999.

TEXTRON CAPITAL I
By: /s/Edward C. Arditte
	Edward C. Arditte, as Trustee
TEXTRON CAPITAL II
By: /s/Edward C. Arditte
	Edward C. Arditte, as Trustee
TEXTRON CAPITAL III
By: /s/Edward C. Arditte
	Edward C. Arditte, as Trustee

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, Textron Finance, L.P. has duly
caused this Post-effective Amendment No. 1 to this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Providence, and State of Rhode Island, on this 2nd day of September, 1999.

TEXTRON FINANCE, L.P.

By: TEXTRON INC.

General Partner

By: /s/ Arnold M. Friedman

Name: Arnold M. Friedman

Title: Vice President and

Deputy General Counsel