STEWART & STEVENSON SERVICES INC
8-K, EX-99.1, 2000-06-14
ENGINES & TURBINES
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                                 EXHIBIT INDEX

99.1  Company Press Release dated June 14, 2000, titled "Stewart & Stevenson
      Announces Dividend."

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Exhibit 99.1

NEWS FROM:                                              STEWART & STEVENSON
                                                        CORPORATE HEADQUARTERS
                                                        P.O. BOX 1637
                                                        HOUSTON, TX  77251-1637

FOR IMMEDIATE RELEASE:

                     STEWART & STEVENSON ANNOUNCES DIVIDEND

HOUSTON, TX - June 14, 2000 - STEWART & STEVENSON SERVICES, INC.
(NASDAQ:SSSS), a leading manufacturer and distributor of industrial and energy
related equipment; oilfield and airline ground support equipment; and a
manufacturer of medium tactical vehicles for the U.S. Army announced that in its
meeting of June 13, 2000 the Board of Directors declared a quarterly cash
dividend of $.085 a share payable on August 11, 2000 to shareholders of record
on July 31, 2000.

Contact:          Mr. David R. Stewart, Treasurer
Phone:            (713) 868-7657
Fax:              (713) 863-1519
Email:            [email protected]
                  HTTP://www.ssss.com


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