CUMMINS ENGINE COMPANY, INC., AND SUBSIDIARIES
            ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                            EXHIBIT 10(e)
                            ~~~~~~~~~~~~~
             DESCRIPTION OF FINANCIAL COUNSELING PROGRAM
             ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~




The financial counseling program, initiated in 1975, is available to
officers of the Company.  Under this program a participant may
receive personal financial, estate planning and tax planning advice
from outside consultants.  The amount of fees paid by the Company is
included as income to the participant.