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Callaway Golf Declares Fourth Quarter Dividend

    CARLSBAD, Calif., Feb. 8 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY)
today announced that its Board of Directors has approved a dividend for the
fourth quarter of 2000 of $.07 per share, payable March 14, 2001 to
shareholders of record as of February 21, 2001.

    Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons,
including Big Bertha ERC(TM) II Forged Titanium Drivers, Big Bertha Hawk
Eye(R) VFT(TM) and Big Bertha Hawk Eye VFT Pro Series Titanium Drivers and
Fairway Woods, Big Bertha Steelhead Plus(TM) Stainless Steel Drivers and
Fairway Woods, Hawk Eye Tungsten Injected(TM) Titanium Irons, Steelhead(TM)
X-14(R) and Steelhead X-14 Pro Series Stainless Steel Irons.  Callaway Golf
Company also makes and sells Odyssey(R) Putters, including White Hot(TM),
TriHot(TM), and Dual Force(R) Putters.  Callaway Golf Company makes and sells
the Callaway Golf(R) Rule 35(TM) Firmfeel(TM) and Softfeel(TM) golf balls, and
the CB1(TM) Red golf ball.  For more information about Callaway Golf Company,
please visit our Web sites at http://www.callawaygolf.com, http://www.callawaygolfball.com
and http://www.odysseygolf.com.

    If you would like to receive Callaway Golf's press releases via e-mail in
the future, please send your request to: newslist@callawaygolf.com.


SOURCE Callaway Golf Company




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  • http://www.prnewswire.com/comp/124825.html or fax,
    800-758-5804, ext. 124825
    CONTACT:
    Krista Mallory of Callaway Golf Company,
    760-931-1771