<PAGE> 1
PROSPECTUS dated November 10, 1999 PRICING SUPPLEMENT NO. 1
and PROSPECTUS SUPPLEMENT dated Dated August 8, 2000
February 2, 2000 Commission File No.: 333-74355
CUSIP: 27806KAA2 Filed pursuant to Rule 424(b)(2)
$100,000,000
EATON CORPORATION
Medium-Term Notes
Principal amount: $100,000,000
Price to public: 100.00%
Agent's commission: 0.25%
Net proceeds to Eaton
before expenses: $99,750,000
Selling agents(s): Chase Securities Inc.
Trade date: August 8, 2000
Settlement date: August 11, 2000
Interest rate: 7.05%
Interest payment dates: April 15 and October 15, commencing October 15, 2000
Stated maturity date: September 4, 2002
Regular record dates: April 1 and October 1
Specified currency: US Dollars
Redeemable by Eaton: No
Repayable at the option
of holder: No
Form /X/ Global note(s)
/ / Certified
Discount rate: None
Default rate: None
Other provisions:
Medium-Term Notes may be issued by Eaton in an aggregate principal amount of up
to $800,000,000 or its equivalent in one or more foreign currencies or composite
currencies. To date, including this offering, an aggregate of $100,000,000 of
Medium-Term Notes has been issued.