EXHIBIT 99.1





FMC CORPORATION BOARD OF DIRECTORS DECLARES TAX-FREE DIVIDEND OF FMC
TECHNOLOGIES' SHARES




PHILADELPHIA AND CHICAGO, NOVEMBER 29, 2001 -- FMC Corporation today announced
that its Board of Directors has declared a special stock dividend of all of FMC
Corporation's shares of FMC Technologies, Inc. The dividend will be distributed
at 5:00 p.m. Central Time on December 31, 2001, to FMC Corporation shareholders
of record as of 5:00 p.m. Central Time on December 12, 2001, which is the record
date. FMC Corporation currently owns 53.95 million shares, or approximately 83
percent of FMC Technologies. The other 17 percent of the outstanding FMC
Technologies' shares were sold in an initial public offering in June 2001.

FMC Corporation also announced that the Internal Revenue Service has ruled that
the planned distribution of FMC Technologies' shares qualifies as tax-free for
FMC Corporation shareholders.

According to FMC Corporation President and Chief Executive Officer William G.
Walter: "This distribution is the final step in the reorganization begun in
October 2000 to split FMC Corporation into two independent, publicly-traded
companies -- a machinery company and a chemical company. Both companies will
continue the FMC tradition of providing quality products, innovative solutions
and outstanding service to their customers. The distribution will enable the
companies to strengthen their own identities and realize the full growth
potential in their respective markets, while allowing shareholders to realize
the value inherent in both."

FMC Corporation had said that it expects FMC Corporation shareholders to receive
approximately 1.7 shares of FMC Technologies for each FMC Corporation share,
based on approximately 31,000,000 FMC Corporation shares currently outstanding.
The final distribution ratio will be determined based on the number of FMC
Corporation shares outstanding on the record date.

FMC Corporation shareholders will receive whole shares of FMC Technologies and
cash payments for fractional shares. Cash received in lieu of fractional shares
will be taxable. The distribution remains subject to the conditions set forth in
the Separation and Distribution Agreement previously entered into between FMC
Corporation and FMC Technologies.

FMC Corporation will mail an information statement to its stockholders promptly
after the record date. The information statement will include the final
distribution ratio and information regarding how to calculate share tax basis.
FMC Corporation shareholders are encouraged to read this information statement
carefully.



FMC Corporation is a global, diversified chemical company serving agricultural,
industrial and consumer markets for more than a century with innovative
solutions, applications and products. The company employs over 6,000 people
throughout the world. FMC Corporation divides its businesses into three
segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals.

FMC Technologies, Inc. is a global leader providing mission-critical technology
solutions for the energy, food processing and air transportation industries. The
company designs, manufactures and services technologically sophisticated systems
and products for its customers through the FMC Energy Systems (comprising Energy
Production and Energy Processing), FMC FoodTech and FMC Airport Systems
businesses. FMC Technologies employs approximately 9,000 people at 31
manufacturing facilities in 14 countries.

Safe Harbor Statement under the Private Securities Act of 1995: Statements in
this news release that are forward-looking statements are subject to various
risks and uncertainties concerning specific factors described in FMC
Corporation's 2000 Form 10-K and other SEC filings. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. FMC Corporation does not intend to update this
information and disclaims any legal obligation to the contrary. Historical
information is not necessarily indicative of future performance.


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