In 1998, we again met our commitments, even though economic conditions in the markets we serve proved to be much worse than originally expected. In 1999, we again expect to deliver double-digit earnings per share growth and we are putting in place the actions necessary to achieve that goal.

256

Just as we have succeeded in greatly increasing the company's profitability over the last five years, we are dedicated to improving our core growth rates by aggressively leveraging the technology position and installed base of each of our three business units. Our growth programs are poised to bear fruit in 1999 and 2000.

188

Honeywell has delivered strong cash flow and its 18th consecutive quarter of double-digit earnings per share growth. Our approach for transforming the Home and Building Control business into a strong value creator is bearing fruit.

117