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GATX Announces Quarterly Dividend

    CHICAGO, Oct. 11 /PRNewswire-FirstCall/ -- The board of directors of GATX
Corporation (NYSE: GMT) today declared a quarterly dividend of $0.32 per
common share, payable December 31, 2002, to shareholders of record on December
13, 2002.
    The board also declared a quarterly dividend of $0.625 per share on the
$2.50 preferred stock, payable December 1, 2002, to shareholders of record on
November 15, 2002.
    The common and preferred dividends declared today are unchanged from the
previous quarter.

    COMPANY DESCRIPTION
    GATX Corporation (NYSE: GMT) is a specialized finance and leasing company
combining asset knowledge and services, structuring expertise, partnering and
risk capital to serve customers and partners worldwide.  GATX specializes in
railcar and locomotive leasing, aircraft operating leasing, information
technology leasing, venture finance and diversified finance.

    Investor, corporate, financial, historical financial, photographic and
news release information may be found at http://www.gatx.com .



SOURCE GATX Corporation




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    CONTACT:
    Robert C. Lyons of GATX Corporation,
    +1-312-621-6633