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Textron Financial Corporation Announces Promotions at its Floorplan Finance Division

Golden Valley, Minnesota - January 25, 2002 - The Floorplan Finance Division of Textron Financial Corporation ("Textron Financial") announces that Ray C. Hubler has been promoted to Senior Vice President, National Sales and Marketing, and Cliff B. Bolstad has been promoted to Senior Vice President, Credit and Field Services.

Mr. Hubler joined Textron Financial Corporation's Floorplan Finance Division in June, 1999 as National Account Manager. He was promoted to Vice President, National Sales and Marketing Manager in February, 2000. During his time with the company, Mr. Hubler has expanded Textron Financial's floorplan portfolio to include significant new customer relationships. For seventeen years prior to joining Textron Financial, Mr. Hubler held increasingly responsible positions in sales, marketing, and operations with a major national lender.

Mr. Bolstad joined Textron Financial Corporation's Floorplan Finance Division as Vice President, Credit in January, 2001. During the past year, Mr. Bolstad has overseen numerous operational enhancements at Textron Financial Corporation, including commercial credit scoring, which maximizes turnaround time on new funding requests. With his promotion, Mr. Bolstad is taking on the additional responsibility of managing the division's Field Service Representatives, who carry out collateral management and floorchecking. Mr. Bolstad has twenty-five years of experience and has held a variety of management positions in credit and operations with major commercial lenders.

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $9.1 billion in managed receivables and twenty-two years of record earnings. It has core operations in four segments: aircraft finance, revolving credit, specialty finance, and structured capital. Textron Financial's other services and products include transaction syndication, equipment appraisal and disposition, portfolio servicing, and insurance brokerage. Additional information about the company is available at www.tfc.textron.com.

About Textron Inc.
Textron Inc. (NYSE: TXT) is a $12 billion multi-industry company with more than 51,000 employees in 40 countries. The company leverages its global network of businesses to provide customers with innovative solutions and services in industries such as aircraft, industrial products and components, fastening systems and finance. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.