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paccar.

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"It is pleasing
to earn the grade of A+ for the third year in a row and to be included
in such a distinguished group of CEOs in the top category.

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"It is a
wonderful honor to be associated with executives such as Jim Farrell
of Illinois Tool Works and Sandy Cutler of Eaton," noted Pigott.

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PACCAR's
(Nasdaq:PCAR) chairman and chief executive officer, Mark C. The rankings were
calculated by company stock performance (including dividends) versus
peer companies and relative to the S+P 500 Index. Pigott, chairman and chief executive officer.

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Pigott,
was recognized as one of the top three CEOs in the Machinery sector.com) recently published its annual CEO
pay-versus -performance review.com

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Business Editors/Automotive Writers

BELLEVUE, Wash .com

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Institutional Investor Magazine Honors PACCAR Executive

It
also provides financial services and distributes truck parts related
to its principal business.

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----In its January
2005 edition, Institutional Investor magazine published their survey
which rated the best CEOs in America by business sector.
In its survey, Institutional Investor asked portfolio managers and
equity analysts to select the best-performing executives in the
business segments they analyzed throughout the year. It
also provides financial services and distributes truck parts related
to its principal business.
PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR,
and its homepage can be found at www.
The scores were combined and one of the following grades was
assigned based on the executive's and company's performance: A+, A, B,
C, D, F."
PACCAR is a global technology leader in the design, manufacture
and customer support of high-quality light-, medium- and heavy-duty
trucks under the Kenworth, Peterbilt, DAF and Foden nameplates.

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In the pay-versus-performance rankings,
Forbes evaluated 189 CEOs who met the qualification criteria of a
minimum of six-year tenure as chief executive .

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The final criterion
was the executive's compensation trends during the previous years.

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paccar.

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In addition, the Bellevue, Washington-based
company manufactures industrial winches under the Braden , Gearmatic
and Carco nameplates.

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In addition, the Bellevue, Washington-based
company manufactures industrial winches under the Braden, Gearmatic
and Carco nameplates.

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"This
recognition is a clear reflection of the dedication of PACCAR's 20,500
talented employees who deliver outstanding products and services to
PACCAR dealers and customers every day. The top ten best-performing CEOs were graded as A+ in the
review.3%

"This is wonderful recognition for the company and is a direct
reflection on the integrity and dedication of PACCAR's 20,000
employees in providing superior performance to its customers," said
Mark C.

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Forbes Magazine Honors PACCAR Executive PACCAR Celebrates Its Centennial in 2005

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The company is celebrating its
100th year in 2005 and is pleased to be recognized for its quality and
technology leadership, as well as superior shareholder return.

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forbes.

Mark Pigott/PACCAR
A+

PACCAR Stock
Annualized Return
----------------- -------------------
Tenure 6-Year S+P 500
------------------------------------
26% 30% 1.

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Business Editors/Automotive Writers

BELLEVUE, Wash.---- (Nasdaq:PCAR)
Forbes magazine (www. PACCAR is
celebrating its 100th year in 2005 and is committed to be a technology
leader in the capital goods and financial services markets.
PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR,
and its homepage can be found at www.

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"
PACCAR is a global technology leader in the design, manufacture
and customer support of high-quality light -, medium- and heavy-duty
trucks under the Kenworth, Peterbilt, DAF and Foden nameplates.