Date: Fri, 21 Nov 1997 01:47:06 GMT Server: WebSitePro/1.1h Accept-ranges: bytes Content-type: text/html Last-modified: Wed, 13 Aug 1997 21:17:15 GMT Content-length: 4655 American Standard Shareholder Direct

Corporate Financial Highlights
Letter to Stockholders
Medical Systems Group
Financial Contents

American Standard is a global, diversified manufacturer. Its operations are comprised of three segments: Air Conditioning, Plumbing Products, and Automotive Products.

Air Conditioning Products develops and manufactures Trane® and American Standard® air conditioning equipment for use in central air conditioning systems for commercial, institutional and residential buildings.

Plumbing Products develops and manufactures American Standard®, Ideal Standard®, Standard® and Porcher® bathroom and kitchen fixtures and fittings.

Automotive Products develops and manufactures commercial and utility vehicle braking and control systems under the WABCO® brand.

The Company is a worldwide leader in Demand Flow® Technology ("Demand Flow" or "DFT"), having implemented Demand Flow processes in its manufacturing facilities and administrative activities. DFT enhances customer service by reducing manufacturing cycle time, increasing flexibility and improving product quality. It also improves productivity by reducing non-value-added work, increasing inventory turnover, reducing working capital requirements and liberating both manufacturing and warehouse space.

American Standard and its 35 joint ventures operate 106 manufacturing facilities in 35 countries. The Company employs approximately 44,000 people worldwide.



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