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GATX Announces Promotions To Support Strategic Initiatives

CHICAGO, May 26 /PRNewswire/ -- GATX Corporation (NYSE: GMT) today announced the promotion of three key executives. David M. Edwards has been elected senior vice president and chief financial officer; Brian A. Kenney has been elected vice president, finance; and Thomas W. Reedy has been elected treasurer.

Ronald H. Zech, chairman and CEO of GATX stated, "At GATX, we are focusing our activities on the creation of shareholder value. Two of our most important initiatives, (i) pursuing growth opportunities and (ii) working our equity capital smarter, are designed to accomplish this goal. The promotions that I am announcing today will position us to be successful in these pursuits."

Mr. Edwards (47) was elected vice president, finance and chief financial officer of GATX Corporation in 1994. In 1990, he was appointed senior vice president, finance and administration and chief financial officer of GATX Capital, GATX's financial services subsidiary headquartered in San Francisco. He joined GATX in 1981 and has held a variety of financial positions at GATX Capital and GATX Corporation.

Prior to joining GATX, Mr. Edwards was a vice president with Security Pacific Bank. Mr. Edwards received his B.A. in 1973 and his M.A. in 1975 in Economics from the University of California, Davis.

Brian A. Kenney (38) has been elected vice president, finance. In his new role, Mr. Kenney will be responsible for the management of the Treasury, Financial Planning and Budgeting, Tax and Insurance Departments. Mr. Kenney was elected treasurer of GATX in 1995. Prior to joining GATX, Mr. Kenney was managing director, corporate finance & banking for American Airlines, which he joined in 1990 as a principal in its corporate finance group. Between 1986 and 1990, he held positions in UAL Corporation's treasury group. Previously, he held financial positions with Morton International, Inc. and Peterson & Company.

Mr. Kenney received his BBA from the University of Notre Dame in 1981, and his MBA in finance in 1983 from the University of Michigan.

Thomas W. Reedy (34) has been elected treasurer of GATX Corporation. He joined GATX in 1998 as assistant treasurer. Before joining GATX, Mr. Reedy held corporate finance positions at American Airlines which he joined in 1991, and a consulting position at Litigation Sciences. Mr. Reedy was awarded his BA in Economics from the University of California, Los Angeles in 1987, and his MBA from the University of Virginia in 1991.

GATX Corporation provides more than $6 billion of service-enhanced assets primarily used to help it customers transport, store or distribute their products and information. GATX's assets include railcars and locomotives, bulk liquid terminals and pipelines, commercial aircraft, ships, information technology equipment, warehouses and other capital assets and related services.

For further information Contact:
Aaron Hoffman
GATX Corporation
312-621-6493