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Textron Financial Corporation Launches National Finance Program with Ingram Micro

North Wales, PA - November 19, 2001 - Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT), has announced that its Technology Finance Division is providing a national 45 Day Inventory Finance Program through Ingram Micro Financial Services. This new program will provide inventory financing for reseller members of Ingram Micro's VentureTech Network, SMB Alliance, and Partnership America. Ingram Micro Inc. (NYSE: IM) is the largest global wholesale distributor of technology products and supply chain management services. The 45 Day Inventory Finance Program will help Ingram Micro's resellers manage their cash flow more effectively while providing them with the ability to grow their business. Ingram Micro resellers also will have access to Textron Financial's accounts receivable financing, purchase-order funding, and term loans.

"We have teamed up with Ingram Micro to provide an extensive range of financing options for its fastest growing reseller groups, which include VentureTech Network, SMB Alliance & Partnership America," says Jim Merrill, Vice President of National Marketing for Textron Financial's Technology Finance Division. "Ingram Micro is the leader in the industry and we are honored to be designated as its preferred source for extended terms financing."

"Textron Financial's ability to provide the SMB market with flexible financing solutions that support the reseller's entire cash-flow cycle makes it a compelling source of financing," said Lino Martin, Vice President, North America Treasurer, Ingram Micro. "This was a major consideration in designating Textron Financial as a preferred finance source for this market segment." The new program with Textron Financial is an extension of a relationship begun earlier this year, when Ingram Micro Financial Services announced Textron Financial as one of its financing partners. "Textron Financial has clearly demonstrated its commitment to Ingram Micro and the SMB marketplace over the course of this year," remarked Martin.

Many of the resellers in the SMB segment need 45 day financing to help support their daily cash flow needs as they transition from product procurement and installation to a professional services organization. This new program, along with Textron Financial's offering of related financing products, provides the much needed capital to the SMB reseller segment. "The rapidly growing SMB marketplace is a high priority segment for us in the industry," states John C. Reed, Senior Vice President and Division Manager at Textron Financial's Technology Finance Division. "We are very pleased to provide a focused approach to this important reseller segment for Ingram Micro."

About Ingram Micro Inc.
Ingram Micro Inc. is the largest global wholesale provider of technology products and supply chain management services. The company operates in 36 countries with sales of $30.7 billion for the fiscal year 2000. Ingram Micro's global regions provide the distribution of technology products and services, marketing development and supply chain management services to more than 175,000 technology solution providers and 1,700 manufacturers. The company is focused on maximizing shareowner value and achieving customer satisfaction through innovation in the IT supply chain. Visit www.ingrammicro.com/corp.

About Textron Financial
Textron Financial is a diversified commercial finance company with $9.1 billion in managed receivables and twenty-two years of record earnings. Its market-aligned businesses provide lending and leasing to small and middle market companies, and financial services that include asset management, syndications, portfolio servicing, and insurance brokerage. Textron Financial also provides specialty finance for the golf, franchise, and timeshare industries. Additional information about the company is available at www.tfc.textron.com.

About Textron Inc.
Textron Inc. (NYSE:TXT) is a $13 billion, global, multi-industry company with market-leading businesses in Aircraft, Automotive, Fastening Systems, Industrial Products, and Finance. Textron has a workforce of over 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies." Additional information is available on www.textron.com.