STEWART & STEVENSON SERVICES INC
8-K, EX-99.1, 2000-12-14
ENGINES & TURBINES
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Company Press Release December 14, 2000, titled "Stewart & Stevenson Announces
Dividend."

                                Client:     Stewart & Stevenson Services, Inc.

                               Contact:     David Stewart / [email protected]
                                            Director, Investor Relations
                                            Stewart & Stevenson Services, Inc.
                                            713-868-7657

                                            Ken Dennard / [email protected]
                                            Lisa Elliott / [email protected]
                                            Easterly Investor Relations
                                            713-529-6600

                     STEWART & STEVENSON ANNOUNCES DIVIDEND

     HOUSTON, TX - December 14, 2000 - STEWART & STEVENSON SERVICES, INC.
(NASDAQ:SSSS), a leading manufacturer, distributor and provider of service for
industrial and energy related equipment, and a manufacturer of medium tactical
vehicles for the U.S. Army, announced that in its meeting of December 11, 2000
the Board of Directors declared a quarterly cash dividend of $.085 a share
payable on February 16, 2001 to shareholders of record on January 31, 2001.

     Stewart & Stevenson Services, Inc., founded in 1902, is a billion-dollar
company that manufactures, distributes and provides service for a wide range of
industrial products and diesel-powered equipment to key industries worldwide,
including petroleum, power generation, defense, airline, marine and
transportation. For more information on Stewart & Stevenson visit www.ssss.com



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