<SUBMISSION>
<ACCESSION-NUMBER>0000908255-09-000009
<TYPE>S-3
<PUBLIC-DOCUMENT-COUNT>5
<FILING-DATE>20091222
<DATE-OF-FILING-DATE-CHANGE>20091222
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BORGWARNER INC
<CIK>0000908255
<ASSIGNED-SIC>3714
<IRS-NUMBER>133404508
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>S-3
<ACT>33
<FILE-NUMBER>333-163928
<FILM-NUMBER>091254941
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3850 HAMLIN RD.
<CITY>AUBURN HILLS
<STATE>MI
<ZIP>48326
<PHONE>2487549200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3850 HAMLIN RD.
<CITY>AUBURN HILLS
<STATE>MI
<ZIP>48326
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>BORG WARNER AUTOMOTIVE INC
<DATE-CHANGED>19930628
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>s-3drip.htm
<DESCRIPTION>REGISTRATION STATEMENT
<TEXT>
<html>
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    <title>s-3drip.htm</title>
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    <div style="MARGIN: 0in 0in 0pt"><font size="3">As filed with the Securities and
Exchange Commission on December 22, 2009</font></div>
    <div style="MARGIN: 0in 0in 0pt">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align="right"><font size="3">Registration Statement No. 333-</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">&#160;</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">SECURITIES AND EXCHANGE
COMMISSION</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Washington, D.C.
20549</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">FORM
S-3</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">REGISTRATION
STATEMENT</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">UNDER</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">SECURITIES ACT OF
1933</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">BORGWARNER
INC.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(Exact Name of
Registrant as Specified in its Charter)</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="1156" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; BORDER-COLLAPSE: collapse; mso-yfti-tbllook: 480; mso-padding-alt: 0in 5.4pt 0in 5.4pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr style="MSO-YFTI-LASTROW: yes; MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 489px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Delaware</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(State
      or Other Jurisdiction of Incorporation or Organization)</div>
              <div>&#160;</div>
            </td>
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              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">13-3404508</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(I.R.S.
      Employer Identification No.)</div>
              <div>&#160;</div>
            </td>
          </tr></table>
    </div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">3850 Hamlin Road</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Auburn Hills, Michigan
48326</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(248) 754-9200</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(Address,
Including Zip Code, and Telephone Number, including Area Code, of Registrant&#8217;s
Principal Executive Offices)</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">John J. Gasparovic</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Vice President, General Counsel and
Secretary</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">BorgWarner Inc.</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">3850 Hamlin Road</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Auburn Hills, Michigan
48326</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(248) 754-0813</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(Name,
Address, Including Zip Code, and Telephone Number, including Area Code, of
Administrator for Service)</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-STYLE: italic">Copies to:</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Brad B. Arbuckle, Esq.</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Miller, Canfield, Paddock and Stone,
P.L.C.</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">840 West Long Lake Road, Suite
200</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Troy, Michigan 48098</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(248) 879-2000</font></div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">Approximate date of commencement of proposed
sale to the public: From time to time or at one time after the effective date of
the Registration Statement as the Registrant shall determine.</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">If the only securities being registered on this
form are being offered pursuant to dividend or interest reinvestment plans,
please check the following box.&#61472;&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">&#254;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">If any of the securities being registered on
this form are to be offered on a delayed or continuous basis pursuant to Rule
415 under the Securities Act of 1933, other than securities offered only in
connection with dividend or interest reinvestment plans, check the following
box.&#61472;&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">If this Form is filed to register additional
securities for an offering pursuant to Rule 462(b) under the Securities Act,
please check the following box and list the Securities Act registration
statement number of the earlier effective registration statement for the same
offering.&#61472;&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">If this Form is a post-effective amendment
filed pursuant to Rule 462(c) under the Securities Act, check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering.&#61472;&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">If this Form is a registration statement
pursuant to General Instruction I.D. or a post-effective amendment thereto that
shall become effective upon filing with the Commission pursuant to Rule 462(e)
under the Securities Act, check the following box.&#61472;&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">If this Form is a post-effective amendment to a
registration statement filed pursuant to General Instruction I.D. filed to
register additional securities or additional classes of securities pursuant to
Rule 413(b) under the Securities Act, check the following box.&#61472;&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font></div>
    <div>&#160;</div>
    <div>If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box.&#160; <font style="DISPLAY: inline;" face="Wingdings">o</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or
a smaller reporting company. See definitions of &#8220;large accelerated filer,&#8221;
&#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the
Exchange Act. (Check One):</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">Large accelerated filer&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">&#254;</font>&#160;&#160; Accelerated
filer&#61472;&#160;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Non-accelerated filer&#61472;&#160;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;
Smaller reporting company&#61472;&#160;<font style="DISPLAY: inline;" face="Wingdings">o</font></div>
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        </div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">CALCULATION OF REGISTRATION
FEE</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div>&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="634" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; FONT-SIZE: 10pt; BORDER-LEFT: medium none; WIDTH: 1082px; BORDER-BOTTOM: medium none; FONT-FAMILY: times new roman; BORDER-COLLAPSE: collapse; mso-yfti-tbllook: 480; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-border-alt: solid windowtext .5pt; mso-border-insidev: .5pt solid windowtext; mso-border-insideh: .5pt solid windowtext; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr style="MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: 1px solid; WIDTH: 280px; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; MSO-BORDER-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;</div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">Title of
      Each Class of Securities To Be Registered</div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 168px; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;</div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">Amount
      To Be Registered</div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 236px; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">Proposed
      Maximum Aggregate Price Per Share(2)</div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 217px; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">Proposed
      Maximum Aggregate Offering Price(2)</div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 173px; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;</div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">Amount
      of Registration Fee(2)</div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-LASTROW: yes; MSO-YFTI-IROW: 1;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: 1px solid; WIDTH: 280px; PADDING-TOP: 0in; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-TOP-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt">Voting Common Stock </div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 168px; PADDING-TOP: 0in; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt; MSO-BORDER-TOP-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">500,000(1)</div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 236px; PADDING-TOP: 0in; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt; MSO-BORDER-TOP-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">$32.62</div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 217px; PADDING-TOP: 0in; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt; MSO-BORDER-TOP-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">$16,310,000</div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 173px; PADDING-TOP: 0in; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid windowtext .5pt; MSO-BORDER-LEFT-ALT: solid windowtext .5pt; MSO-BORDER-TOP-ALT: solid windowtext .5pt">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">$1,162.91</div>
              <div>&#160;</div>
            </td>
          </tr></table>
    </div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div><font style="FONT-STYLE: italic">(1)<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pursuant to Rule 416
under the Securities Act, this registration statement also covers an
indeterminate number of additional shares of the Registrant's common stock as
may be issued as a result of adjustments by reason of any stock split, stock
dividend or similar transaction.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-STYLE: italic">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Calculated pursuant to Rule 457(c), based on the average of the high and low
prices reported on the New York Stock Exchange on December 18, 2009.
</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">BORGWARNER
INC.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">500,000 Shares</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">Common Stock, Par Value $0.01 Per Share</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">This
prospectus relates to shares of common stock that we may offer and sell from
time to time according to the terms of the BorgWarner Inc. Dividend Reinvestment
and Stock Purchase Plan (the &#8220;Plan&#8221;). Participants should retain this prospectus
for future reference.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">On December
18, 2009, our Board of Directors authorized the Plan and established the number
of shares of common stock that we may offer and sell pursuant to the Plan at
500,000. </font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan
provides participants with a convenient and economical means of purchasing
shares of our common stock by reinvesting cash dividends paid on our common
stock and by making additional optional cash purchases. In addition, new
investors may make their initial investment in our common stock under the Plan.
The minimum purchase for both initial and subsequent optional cash purchases is
$50. The maximum limit for both initial and optional cash purchases is $10,000
per month.&#160; This prospectus describes and constitutes the
Plan.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Shares of
common stock will be (i) purchased on the open market or (ii) purchased directly
from us from authorized but unissued shares or from treasury
shares.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">We have
appointed The Bank of New York Mellon (the "Plan Administrator") to serve as the
administrator of the Plan, with certain administrative support provided by its
designated affiliates. You may enroll in the Plan through the Plan
Administrator's website (www.bnymellon.com/shareowner) by clicking on Investor
Service Direct or by calling 1-866-24l-9990 toll free and responding to the
appropriate prompts. You may also enroll in the Plan by completing an enrollment
form and returning it to the Plan Administrator.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Investing in our common
stock involves certain risks. Please refer to &#8220;Risk Factors&#8221;&#160; on
page&#160;6 of this prospectus.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Our common
stock is listed on the New York Stock Exchange under the symbol
&#8220;BWA.&#8221;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Neither the Securities
and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or passed upon the accuracy or adequacy of this
prospectus supplement or the accompanying prospectus. Any representation to the
contrary is a criminal offense.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">The date of this prospectus is December 22, 2009</font></div>
    <div><br><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">TABLE OF
CONTENTS</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">ABOUT
      THIS DOCUMENT</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">WHERE
      YOU CAN FIND MORE INFORMATION</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">FORWARD-LOOKING
      STATEMENTS</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">6</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">RISK
      FACTORS</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">6</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">ABOUT
      BORGWARNER INC.</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">6</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">USE
      OF PROCEEDS</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">7</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">DESCRIPTION
      OF OUR DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">7</font></td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">PLAN OF DISTRIBUTION</div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">21</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">LEGAL
      MATTERS</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">21&#160;
      </font></td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">EXPERTS</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">21</font></div>
                </td>
              </tr><tr>
                <td align="left" valign="top" width="71%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
                </td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
                </td>
              </tr></table>
        </div><br></div>
    </div><br clear="all">
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; tab-stops: dotted 430.35pt right blank 458.85pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">ABOUT
THIS DOCUMENT</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">You should
rely only on the information contained or incorporated by reference in this
prospectus. We have not authorized any other person to provide you with
different information, if anyone provides you with different or inconsistent
information, you should not rely on it. You should assume that the information
appearing in this prospectus is accurate only as of the date on its cover.&#160;
Our business, financial condition, results of operations and prospects may have
changed since that date.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">For purposes
of this prospectus supplement and the accompanying prospectus, unless the
context indicates otherwise, all references to the &#8220;Company,&#8221; &#8220;BorgWarner,&#8221;
&#8220;we,&#8221; &#8220;us&#8221; or &#8220;our&#8221; refer to BorgWarner Inc. including, as appropriate, its
consolidated subsidiaries.</font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">WHERE YOU CAN FIND MORE
INFORMATION</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; We file annual,
quarterly and current reports, proxy statements and other information with the
SEC. The public may read any materials we file with the SEC at the SEC&#8217;s Public
Reference Room at&#160;100 F Street, N.E, Washington, D.C. 20549. The public may
obtain information on the operation of the Public Reference Room by calling the
SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports,
proxy and information statements, and other information regarding issuers that
file electronically with the SEC. The address of that site is
http://www.sec.gov. Our common stock is listed on the New York Stock Exchange
under the symbol &#8220;BWA&#8221; and all such reports, proxy statements and other
information filed by us with the New York Stock Exchange may be inspected at the
New York Stock Exchange&#8217;s offices at 20 Broad Street, New York, New York
10005.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; We have filed a
registration statement, of which this prospectus is a part, covering the
securities offered hereby. As allowed by SEC rules, this prospectus does not
contain all of the information set forth in the registration statement and the
exhibits, financial statements and schedules thereto. We refer you to the
registration statement, the exhibits, financial statements and schedules thereto
for further information. This prospectus is qualified in its entirety by such
other information.</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">INCORPORATION OF CERTAIN
DOCUMENTS BY REFERENCE</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The SEC allows
us to &#8220;incorporate by reference&#8221; into this prospectus the information in
documents we file with it.&#160; This means that we can disclose important
information to you by referring you to those documents. The information
incorporated by reference is considered to be a part of this prospectus and
should be read with the same care. When we update the information contained in
documents that have been incorporated by reference by making future filings with
the SEC the information incorporated by reference in this prospectus is
considered to be automatically updated and superseded. In other words, in the
case of a conflict or inconsistency between information contained in this
prospectus and information incorporated by reference into this prospectus, you
should rely on the information contained in the document that was filed later.
We incorporate by reference the documents listed below and any documents we file
with the SEC after the date of this prospectus- supplement under Section 13(a),
13(c), 14, or 15(d) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;)
and before the date that the offering of securities by means of this prospectus
supplement is completed (other than, in each case, documents or information
deemed to have been furnished and not filed in accordance with SEC
rules):</font></div>
    <div>&#160;</div>
    <ul type="disc" style="MARGIN-TOP: 0in">
      <li><font size="3">our Annual Report on Form 10-K for the year ended December
  31, 2008;</font>
        </li>
      <li><font size="3">our Quarterly Reports on Form 10-Q for the quarters ended
  March 31, June&#160;30, and September&#160;30, 2009;</font>
        </li>
      <li><font size="3">our Proxy Statement on Schedule 14A relating to our annual
  meeting of shareholders held on April 29, 2009;</font>
        </li>
      <li><font size="3">our Current Reports on Form 8-K/A filed February 12, 2009,
  June 3, 2009 and August 13, 2009, and our Current Reports on Form 8-K filed
  February 12, 2009 (excluding portions furnished under Items 2.02 and 7.01),
  March 4, 2009, March 9, 2009 and March 31, 2009, April 9, 2009, April 30, 2009
  (excluding portions furnished under Items 2.02 and 7.01), April 30, 2009, July
  20, 2009, July 30, 2009 (excluding portions furnished under Items 2.02 and
  7.01), October 23, 2009, November 3, 2009 (excluding portions furnished under
  Items 2.02 and 7.01), November 9, 2009, and November 13, 2009; and</font>
        </li>
      <li><font size="3">the description of our voting common stock, par value $0.01
  per share, contained in our registration statement on Form S-3 (registration
  no. 333-149539) filed on March 4, 2008, including any amendment or report
  filed for the purposes of updating such description.</font> </li>
    </ul>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">You may
request a copy of these filings (other than an exhibit to a filing unless that
exhibit is specifically incorporated by reference into that filing) at no cost,
by writing or calling us at the following address:</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">&#160;</font></div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in"><font size="3">BorgWarner Inc.</font></div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in"><font size="3">3850
Hamlin Road</font></div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in"><font size="3">Auburn
Hills, Michigan 48326</font></div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in"><font size="3">(248)
754-9200</font></div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: 0.5in"><font size="3">Attention:&#160; Corporate Secretary</font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">FORWARD-LOOKING
STATEMENTS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">When used in
this prospectus supplement, the accompanying prospectus or any document
incorporated herein by reference, the words or phrases "believe," "will,"
"should," "will likely result," "are expected to," "will continue," "is
anticipated," "estimate," "project," "plans," or similar expressions are
intended to identify "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. You are cautioned not to place
undue reliance on any forward-looking statements, which speak only as of the
date made. These statements may relate to our future financial performance,
strategic plans or objectives, revenues or earnings projections, or other
financial items. By their nature, these statements are subject to numerous
uncertainties that could cause actual results to differ materially from those
anticipated in the statements.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Important
factors that could cause actual results to differ materially from the results
anticipated or projected include, but are not limited to, the following:
</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">We do not
undertake any obligation to update any forward-looking statement to reflect
circumstances or events that occur after the date on which the forward-looking
statement is made.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">RISK
FACTORS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">There are
risks and uncertainties involved with an investment in shares of our common
stock. See the &#8220;Risk Factors&#8221; section of our annual report on Form 10-K and
quarterly reports on Form 10-Q, which we file with the SEC and incorporate by
reference into this prospectus for a discussion of the factors that you should
consider in connection with an investment in shares of our common
stock.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">ABOUT BORGWARNER
INC.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">We are a
leading, global supplier of highly engineered systems and components, primarily
for powertrain applications.&#160; The Company&#8217;s products help improve vehicle
performance, fuel efficiency, air quality and vehicle stability.&#160; These
products are manufactured and sold worldwide, primarily to original equipment
manufacturers (&#8220;OEMs&#8221;) of light-vehicles (i.e., passenger cars, sport-utility
vehicles (&#8220;SUVs&#8221;), cross-over vehicles, vans and light-trucks).&#160; The
Company&#8217;s products are also sold to other OEMs of agricultural and off-highway
vehicles.&#160; The Company also manufactures and sells its products to certain
Tier One vehicle systems suppliers and into the aftermarket for light and
commercial vehicles.&#160; The Company operates manufacturing facilities serving
customers in the Americas, Europe and Asia, and is an original equipment
supplier to every major automotive OEM in the world.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Company
reports its results under two reporting segments:&#160; Engine and
Drivetrain.&#160; The Engine Group&#8217;s products currently fall into the following
major categories:&#160; turbochargers, chain products, emissions systems,
thermal systems, diesel cold start and gasoline ignition technology and diesel
cabin heaters.&#160; The Drivetrain Group&#8217;s major products are transmission
components and systems, and 4WD and AWD torque management systems.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Our executive
offices are located at 3850 Hamlin Road, Auburn Hills, Michigan 48326.&#160; Our
telephone number is (248)&#160;754&#8209;9200.&#160; Our website can be found at
www.borgwarner.com.&#160; Additional information regarding us, including our
audited financial statements and descriptions of business, is contained in the
documents incorporated by reference in this prospectus.&#160; See &#8220;Where You Can
Find More Information&#8221; below and &#8220;Incorporation of Documents by Reference&#8221;
below.</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">USE OF
PROCEEDS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">To the extent
that shares of common stock used to fund the Plan are purchased on the open
market, there will be no proceeds to us from the purchase of those shares. The
net proceeds to us from the sale of newly issued shares of common stock issued
under the Plan will be used for general corporate purposes. The precise amounts
and timing of the application of net proceeds will depend upon our funding
requirements and the availability of other funds.</font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">DESCRIPTION OF OUR
DIVIDEND REINVESTMENT</font></font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">AND STOCK PURCHASE
PLAN</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The following
questions and answers explain and constitute the Plan.</font></div>
    <div><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font></div>
    <div><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">PURPOSE</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; What is the purpose of
the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The purpose of
the Plan is to provide both our existing stockholders and new investors with a
simple, convenient, and economical means of purchasing shares of our common
stock, including through new cash payments and the reinvestment of dividends on
shares held in your Plan account. The Plan also provides us with an economical
and flexible mechanism to raise equity capital through sales of our common
stock.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan is
designed for long-term investors who wish to invest and build their share
ownership over time. The Plan is not intended to provide holders of shares of
common stock with a mechanism for generating assured short-term profits through
rapid turnover of shares acquired at a discount. The Plan's intended purpose
precludes any person, organization or other entity from establishing a series of
related accounts for conducting arbitrage operations and/or exceeding the
optional monthly cash investment limit. We accordingly reserve the right to
modify, suspend or terminate participation by a stockholder who is using the
Plan for purposes inconsistent with its intended purpose.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">ADVANTAGES AND
DISADVANTAGES</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; What are the
advantages of participation in the Plan?</font></font></div>
    <div>&#160;</div>
    <ul type="disc" style="MARGIN-TOP: 0in">
      <li><font size="3">You do not need to be a current stockholder, nor do you need
  to have a broker, to buy our common stock through the Plan.</font>
        </li>
      <li><font size="3">You can start investing with a relatively small amount of
  money, or with a single larger investment - whichever you prefer.</font>
        </li>
      <li><font size="3">You may send a check to the Plan Administrator or arrange for
  funds to be deducted from your savings or checking account.</font>
        </li>
      <li><font size="3">Dividends and optional cash purchases can be fully invested
  in additional shares of our common stock because the Plan permits fractional
  shares to be credited to your account. Dividends on fractional shares may also
  be reinvested in additional shares.</font>
        </li>
      <li><font size="3">If you are already a stockholder, you can consolidate all
  your holdings of our common stock into a single account. You can deposit your
  stock certificates into your Plan account or, if you hold shares with a
  broker, you can transfer those shares into your own name and deposit them into
  your Plan account.</font>
        </li>
      <li><font size="3">The Plan offers you flexibility when you decide to sell your
  shares. You may request the sale of some or all of your shares through the
  Plan Administrator at any time. Or, if you prefer to have complete control
  over the timing and price at which you sell, you may withdraw your shares from
  the Plan, at no cost to you, and sell them through a broker of your
  choice.</font> </li>
    </ul>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">3.
&#160;&#160;&#160;&#160;&#160;&#160;&#160; What are the disadvantages of
participation in the Plan?</font></font></div>
    <div>&#160;</div>
    <ul type="disc" style="MARGIN-TOP: 0in">
      <li><font size="3">Because the prices at which shares are purchased are
  determined as of specified dates or as of dates otherwise beyond your control,
  you may lose some advantages otherwise available to you in being able to
  select the timing of your investments. For example, because the price charged
  to you for shares purchased on the open market is the average price paid by
  the Plan Administrator to obtain shares for all participants who acquire
  shares through the Plan on the same day, you may pay a higher price for shares
  purchased under the Plan than for shares purchased on the investment date
  outside of the Plan.</font>
        </li>
      <li><font size="3">We will not pay interest on funds we hold pending
  investment.</font>
        </li>
      <li><font size="3">Sales of shares for participants are irrevocable and will be
  made at market prices at the time of sale. You will not be able to control the
  timing of such sales or to place "limit orders" specifying the prices at which
  you are willing to sell your shares.</font>
        </li>
      <li><font size="3">To sell your shares through a broker of your choice, you must
  first arrange to obtain a physical stock certificate from the Plan
  Administrator and have the certificate delivered to you, or ask the Plan
  Administrator to transfer shares held for you in the Plan directly to your
  broker.</font>
        </li>
      <li><font size="3">The Plan Administrator will promptly process your
  instructions, but you should leave ample time for preparation and receipt of
  your stock certificate if you decide to go that route.</font>
        </li>
      <li><font size="3">Shares held in the Plan by the Plan Administrator are not
  covered by the customer protection provisions of the Securities Investor
  Protection Act of 1970 relating to customers of failed securities
  broker-dealer firms and are not insured by the Federal Deposit Insurance
  Corporation or any other governmental agency.</font> </li>
    </ul>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">ADMINISTRATION</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">4.
&#160;&#160;&#160;&#160;&#160;&#160;&#160; Who administers the Plan for
participants?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan is
administered by The Bank of New York Mellon, an entity independent of, and not
affiliated with, BorgWarner Inc. The Plan Administrator, along with its
designated affiliates, maintains records, prepares, and sends account statements
to participants, and performs other duties related to the Plan. </font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">PARTICIPATION</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Who is eligible to
participate in the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Any person or
legal entity is eligible to participate in the Plan. You do not have to be a
current stockholder, nor do you have to reside or be located in the U.S. or be a
U.S. citizen. However, you must become a stockholder of record in order to
participate in the dividend reinvestment component of the Plan.&#160; In all
cases, optional cash purchases of shares through the plan must be made in U.S.
currency drawn on a U.S. bank. In addition, before investing in our common
stock, each participant who resides or is located outside the U.S. is
responsible for reviewing the laws of his or her country of residence or other
applicable laws to determine if there are any restrictions on his or her ability
to invest through the Plan.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; How can I participate
in the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Eligible
stockholders as well as new investors can enroll either by going to the Plan
Administrator's web site, using their automated voice response system, or
requesting and returning an enrollment form by mail. Please refer to Question 33
for the Plan Administrator's web site, phone numbers, and
addresses.</font></div>
    <div id="HDR">&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">DIVIDEND
REINVESTMENT</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; How does the
reinvestment process work?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">As a
participant in the Plan, you may elect to reinvest all, part, or none of the
dividends paid on your BorgWarner common stock, and your preference should be
indicated on the enrollment form. If you complete and return an enrollment form
without selecting one of these three options, all of your dividends will be
automatically reinvested in shares of BorgWarner.</font></div>
    <div>&#160;</div>
    <ul type="disc" style="MARGIN-TOP: 0in">
      <li><font size="3">Full dividend reinvestment: If you select this option, all of
  the cash dividends paid- on the shares you enroll in the Plan will
  automatically be reinvested to purchase additional shares of BorgWarner common
  stock.</font>
        </li>
      <li><font size="3">Partial dividend reinvestment: If you select this option, a
  portion of your cash dividends will be paid to you in cash, and the remaining
  portion of your dividends will be automatically reinvested to purchase
  additional shares of BorgWarner common stock. If you choose partial
  reinvestment, you must specify on the enrollment form the number of whole
  shares on which you wish to continue to receive cash dividends by check or to
  have directly deposited into your designated checking or savings account, as
  further described below. The remaining dividends will be automatically
  reinvested.</font>
        </li>
      <li><font size="3">No dividend reinvestment: If you select this option, all of
  your dividends will be paid to you in cash. You may choose to have your cash
  dividends directly deposited into your designated checking or savings account
  or sent to you by check.</font> </li>
    </ul>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.25in"><font size="3">To arrange to
have your dividends directly deposited into your designated bank account, you
must complete the appropriate section on the enrollment form. You may request an
enrollment form by calling the Plan Administrator at 1-800-851-4229, or you may
authorize the direct deposit of dividends when you enroll in the Plan online, or
access your account online at www.bnymellon.com/shareowner.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">8.
&#160;&#160;&#160;&#160;&#160;&#160;&#160; When will the reinvestment of my
dividends begin?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Typically,
when a cash dividend is paid by BorgWarner, it is paid quarterly near the middle
of February, May, August and November to stockholders of record as of the
applicable record date, which is usually about two weeks prior to the dividend
payment date. The reinvestment of your dividends will begin with the first
quarterly cash dividend that we pay following your enrollment, but only if your
enrollment is received by the record date for that dividend. If your enrollment
is received between a record date and a payable date, the reinvestment of your
dividends will commence with the dividend payment in the following
quarter.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The payment of
dividends on our common stock is at the discretion of our board of directors.
There is no guarantee that we will pay dividends in the future. The timing and
amount of future dividends, if any, will depend on earnings, cash requirements,
our financial condition, applicable government regulations and other factors
deemed relevant by our board.&#160; Our board of directors has determined
conditions in the automotive industry do not support the payment of cash
dividends on our common stock at this time.&#160; The board of directors will
determine whether and when to resume the payment of dividends.&#160; In addition
our credit agreement limits the aggregate amount of cash dividends we can pay to
$30,000,000 in 2009 and $40,000,000 in 2010.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Can I deposit stock
certificates for safekeeping with the Plan Administrator?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">You may
deposit any or all of your BorgWarner stock certificates with the Plan
Administrator for safekeeping. This added feature relieves you of the worry
associated with the possibility of loss, theft, or destruction of the
certificates. This service is provided to Plan participants without
charge.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">INITIAL AND OPTIONAL
CASH PURCHASES</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">10.&#160;&#160;&#160;&#160;&#160;&#160; When and how can I make initial
or optional cash purchases?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">New investors
may make an initial cash purchase when enrolling in the Plan by enclosing a
check with their enrollment form, or by authorizing an automatic debit from a
designated bank account when enrolling online at the Plan Administrator's
website. In both cases, the minimum initial cash purchase amount is
$50.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">As a Plan
participant, you may also make optional cash purchases of our common stock. The
minimum cash purchase accepted per transaction is $50, and you may make
purchases up to a maximum of $10,000 per month.&#160; The purchase, less the
appropriate service fee as set forth in the schedule in Question 12, will be
applied toward the purchase of shares for your account as promptly as
practicable, usually within five (5) business days upon receipt of funds by the
Plan Administrator.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Your cash
purchases may be commingled by the Plan Administrator with dividends and with
other participants' cash purchases for the purpose of buying shares of common
stock. You cannot specify the prices or timing of purchases, nor can you place
any other limitations on the purchase of shares other than those specified under
these terms and conditions. No interest will be paid on optional cash purchases
pending investment.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">If you choose
to submit a check, be sure to use the contribution form that appears on your
Plan statement, and mail it to the address specified on the form. Alternatively,
if you wish to make regular monthly purchases, you may authorize automatic
deductions from your bank account. This feature enables you to make ongoing
investments in an amount that is comfortable for you, without having to write a
check. You also may authorize individual debits from your bank account. In
addition, if you are an employee of BorgWarner or any of its subsidiaries, you
may make initial or optional cash purchases under the Plan through payroll
deduction of <font style="DISPLAY: inline; TEXT-DECORATION: underline">after-tax</font>
dollars.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">11.&#160;&#160;&#160;&#160;&#160;&#160; Am I obligated to make cash
purchases if I enroll in the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">No. Cash
purchases are entirely voluntary. You may supplement the reinvestment of your
dividends with optional cash purchases as often as you like, or not at all. Or
you may buy shares with optional cash purchases and choose not to reinvest any
or all of your dividends.</font></div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">FEES</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">12.&#160;&#160;&#160;&#160;&#160;&#160; What fees may I incur by
participating in the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The costs and
fees associated with the Plan, including enrollment costs, administrative
service fees and/or trading fees, are set forth below:</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt">&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; BORDER-COLLAPSE: collapse; mso-yfti-tbllook: 480; mso-padding-alt: 0in 5.4pt 0in 5.4pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr style="MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Initial Investment
      Fee</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$15.00 (one-time charge, per
      account, for first-time (new) investors only)</font></div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 1;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Optional Cash
      Investments</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 2;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">By Check</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$5.00 per investment
      plus</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$0.06 per share purchased
      (if market)</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">(includes trading fees and
      commissions)</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 3;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">By EFT debit</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$2.00 per investment
      plus</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$0.06 per share purchased
      (if market)</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">(includes trading fees and
      commissions)</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 4;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">By payroll
      deduction</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">(BorgWarner employees
      only)</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$1.60 per transaction
      plus</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$0.06 per share purchased
      (if market)</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">(includes trading fees and
      commissions)</font></div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 5;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Reinvestment of
      Dividends</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 6;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Transaction Fee</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">5% of the dividend payment
      up to a maximum of $3.00</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$0.06 per share purchased
      (if market)</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">(includes trading fees and
      commissions)</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 7;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Sale of
      Shares</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 8;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Transaction Fee</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$15.00 per transaction
      plus</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$0.12 per share
      sold</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font size="3">(includes trading fees and
      commissions)</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 9;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Deposit of
      Certificates</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">No Charge</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 10;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Certificate
      Withdrawal</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">No Charge</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 11;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Book-to-Book
      Transfers</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">No Charge</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-LASTROW: yes; MSO-YFTI-IROW: 12;">
            <td valign="top" width="49" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 36.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="266" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 199.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Return of
      Investment Check or EFT</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="30" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 22.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="289" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 216.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">$35.00</font></div>
              <div>&#160;</div>
            </td>
          </tr></table>
    </div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="3"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font></font></font></div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-STYLE: italic"><font size="3"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;The fees are subject
to change at any time. This is considered part of the "Terms and Conditions" of
the Plan.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">PURCHASE OF
SHARES</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">13.&#160;&#160;&#160;&#160;&#160;&#160; What is the source of the common
stock that may be purchased through the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">At our
discretion, share purchases will be made on the open market or directly from
BorgWarner. Shares purchased from BorgWarner may come from our authorized but
unissued shares or from our treasury shares. Share purchases on the open market
may be made on any stock exchange where our common stock is traded or through
negotiated transactions, on such terms as the Plan Administrator determines.
Neither we nor you will have any authority to direct the date, time, or price at
which shares may be purchased by the Plan Administrator.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">14.&#160;&#160;&#160;&#160;&#160;&#160; How will shares be purchased
under the Plan?</font></font></div>
    <div>&#160;</div>
    <ul type="disc" style="MARGIN-TOP: 0in">
      <li><font size="3">Upon receipt of your funds, the Plan Administrator will
  invest initial and additional cash purchases as promptly as practicable,
  normally within five (5) business days.</font>
        </li>
      <li><font size="3">Shares will be posted to your account in whole and fractional
  shares, computed to four decimal places. A confirmation of your transaction
  will be sent by e-mail or via a paper statement to the Internet or postal
  address you give us when you enroll in the Plan.</font>
        </li>
      <li><font size="3">In the unlikely event that, due to unusual market conditions,
  the Plan Administrator is unable to invest the funds within thirty-five (35)
  calendar clays, the Plan Administrator will return the funds to you by check.
  No interest will be paid on funds held by the Plan Administrator pending
  investment.</font>
        </li>
      <li><font size="3">For automatic monthly purchases, the amounts you have
  authorized will be withdrawn from your bank account on the 15<font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> day of each month;
  or on the next succeeding business day if the 15<font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> falls on a weekend
  or holiday. The funds will be credited to your Plan account and normally
  invested within five (5) business days after receipt by the Plan
  Administrator.</font>
        </li>
      <li><font size="3">The Plan Administrator will use your cash to purchase as many
  full and fractional shares as possible.</font> </li>
    </ul>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">15.&#160;&#160;&#160;&#160;&#160;&#160; How will the price for my shares
be determined?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">For shares
purchased on the open market, the purchase price will be the average price that
the Plan Administrator pays to obtain shares for all participants who acquire
shares through the Plan on the same day. For shares purchased directly from
BorgWarner, the purchase price will be 100% of the volume-weighted average price
of our common stock, as reported on the NYSE, on the investment date, less any
discount that we may decide to offer.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SALE</font><font style="DISPLAY: inline; FONT-WEIGHT: bold"> OF PLAN SHARES</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">16.&#160;&#160;&#160;&#160;&#160;&#160; How can I sell the shares of
common stock that are held in any Plan account?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">You may
request that the Plan Administrator sell some or all of the shares held in your
Plan account. The Plan Administrator will aggregate all shares for which
requests to sell were received and will sell the whole shares on the open market
through a registered broker-dealer selected at its sole discretion. In such
event, you will receive proceeds based on the average sale price of all shares
sold, less a transaction fee of $15.00, plus a trading fee of $0.12 per share.
The Plan Administrator will deduct these amounts from the cash proceeds paid to
you. Shares being sold for you may be aggregated with those of other Plan
participants who have requested sales. If you opt to sell all of the shares held
for you in the Plan, your participation in the Plan will be automatically
terminated.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Alternatively,
you may choose to sell your shares through a broker-dealer of your choice, in
which case you will have to request that the Plan Administrator either (a)
electronically transfer your shares to your stockbroker, or (b) issue the shares
in certificate form for delivery to your stockbroker before settlement of the
sale.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan
Administrator may determine the price for the fractional shares either by (a)
selling shares on the open market through a registered broker-dealer, or (b)
using the current price of our common stock on the NYSE (or such other exchange
or quotation system on which our common stock is then listed or quoted), or as
quoted by a registered broker-dealer on the date of the request.</font></div>
    <div>&#160;</div>
    <div id="HDR">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">17.&#160;&#160;&#160;&#160;&#160;&#160; If I request the sale of the
shares held in my Plan account, when will they be sold?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">If you request
the sale of shares that are held for you in the Plan, the Plan Administrator
will use its best efforts to sell your shares on the open market within 24 hours
of receipt of your sale instructions, or as soon as otherwise practicable. A
check in payment of the net proceeds will he mailed to you as soon as
practicable after the sale has taken place.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">There can be
no assurances with respect to the Plan Administrator's ability to sell your
shares and no assurances as to the prices or timing of such sales, or the terms
under which such sales may be transacted. Neither we nor the Plan Administrator
has any obligation under the Plan, and assume no responsibility, to purchase
whole shares credited to your Plan account if such shares cannot be sold by the
Plan Administrator.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">DIVIDENDS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">18.&#160;&#160;&#160;&#160;&#160;&#160; How will I be credited with the
dividends paid on the shares I have enrolled in the Plan and/or that are being
held in my Plan account?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan
Administrator will receive the cash dividends (less the amount of any taxes
withheld) paid by us on all whole and fractional shares that are enrolled and/or
held in the Plan at the dividend record date, and will credit such dividends to
your Plan account on the payable date. The dividends received by the Plan
Administrator will automatically be reinvested in shares of our common
stock.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">19.&#160;&#160;&#160;&#160;&#160;&#160; What if I decide that I would
like to receive in cash some of the dividends paid on the shares enrolled or
held in the Plan, rather than having them reinvested?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan
permits the partial reinvestment of dividends.&#160; Please see Question 7.
</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">REPORTS TO
PARTICIPANTS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">20.&#160;&#160;&#160;&#160;&#160;&#160; What reports will I receive as a
participant in the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">As soon as
practicable after each transaction, you will receive a statement with
information about your Plan account, including amounts invested, the purchase
and/or sales prices, and the number of shares purchased and/or sold. This
statement will provide a record of purchases and sales transacted on your behalf
under the Plan and you should retain it for income tax purposes. As a
stockholder, you also will receive various communications, including our annual
report to stockholders, notices of stockholder meetings, proxy statements, and
information for income tax reporting.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">ISSUANCE AND DEPOSIT OF
STOCK CERTIFICATES</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">21.&#160;&#160;&#160;&#160;&#160;&#160; Will certificates be issued to me
for shares of common stock purchased through the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Certificates
for shares of common stock that are purchased through the Plan will not be
issued to you, unless you request that the Plan Administrator do so, All shares
will be issued to the Plan Administrator or its nominee(s) as agent, and
credited to your Plan account in book entry form. The number of shares credited
to your Plan account will appear on your account statements. This convenient
process protects against loss, theft, or destruction of stock certificates, and
reduces our costs.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Shares
credited to your Plan account may not be assigned or pledged in any way. If you
wish to assign or pledge the whole shares credited to your account, you must
request that certificates for those shares be issued to you in your
name.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Upon receipt
of your request, the Plan Administrator will issue you a certificate for any
number of whole shares credited to your Plan account. Certificates for
fractional shares will not be issued under any circumstances.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The name on
your Plan account will be identical to the name that appears on the
certificate(s) underlying the shares you have enrolled in the Plan and/or that
are held for you in the Plan in book entry form. Certificates for whole shares
issued to you from the Plan will be registered in the same manner.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">22.&#160;&#160;&#160;&#160;&#160;&#160; How can I arrange for any stock
certificate(s) to be held in safekeeping by the Plan
Administrator?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">If you wish to
submit your stock certificate(s) to the Plan Administrator for safekeeping, you
should mail them (unendorsed) by registered mail, with a note requesting that
they be credited to your Plan account.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">If the current
market value of the shares represented by the certificate(s) you are mailing to
the Plan Administrator exceeds $3,000, you should insure the certificate(s) for
1% of the current market value, as this is the amount you will be charged for
surety protection should your certificate(s) be lost in the mail.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">TERMINATION OF PLAN
PARTICIPATION</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">23.&#160;&#160;&#160;&#160;&#160;&#160; How do I terminate my
participation in the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Participation
in the Plan is entirely voluntary. You may terminate your participation at any
time by providing notice and instructions to the Plan Administrator. Upon
receipt, the Plan Administrator, in accordance with your instructions, will
either (a) discontinue the reinvestment of the dividends paid on the shares
enrolled and/or held in your Plan account, but continue to hold those shares in
book form on your behalf; (b) issue a certificate for the whole shares credited
to your Plan account and issue a cash payment for any cash in lieu of a
fractional share; or (c) sell the whole shares credited to your Plan account and
issue a cash payment for the proceeds plus any cash in lieu of a fractional
share, less associated trading fees of $0.12 per share and the $15.00
transaction fee.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">TAX
INFORMATION</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">24.&#160;&#160;&#160;&#160;&#160;&#160; What are the federal income tax
consequences of participation in the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Certain
federal income tax considerations of participation in the Plan are briefly
summarized below. This summary is for general information only and does not
constitute tax advice. The information in this section is based on the Internal
Revenue Code of 1986, as amended, or the Code, Treasury Regulations thereunder,
current administrative interpretations and practices of the Internal Revenue
Service, or the Service, and court decisions, all as of the date of this
prospectus supplement. Future legislation, Treasury Regulations, administrative
interpretations and practices or court decisions could significantly change the
current law or adversely affect existing interpretations of current law. Any
change could apply retroactively to transactions preceding the date of the
change.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The tax
consequences for participants who do not reside in the United States will vary
from jurisdiction to jurisdiction. In the case of a foreign shareholder whose
distributions arc subject to United States income tax withholding, the amount of
the tax to be withheld will be deducted from the amount of the distribution and
the balance will be reinvested. You are urged to consult your personal tax
advisor to determine the particular tax consequences that may result from your
participation in the Plan.</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">&#160;</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3"><font style="DISPLAY: inline; FONT-STYLE: italic">Tax Consequences of Dividend
Reinvestment</font>.&#160; In the case of shares of common stock purchased by
the Plan Administrator from us, you will be treated, for federal income tax
purposes, as having received a distribution equal to the fair market value, as
of the investment date, of the shares of common stock purchased with your
reinvested dividends. This amount includes the discount, if any, on reinvestment
provided for by the Plan. The fair market value should generally equal the
average of the daily high and low sale prices of our shares of common stock, as
reported by the NYSE (or such other exchange or quotation system on which our
common stock is then listed or quoted) for the investment date.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">In the case of
shares (including any fractional share) purchased in market transactions or in
negotiated transactions with third parties, you will be treated as having
received a distribution equal to the amount of cash dividends used to make those
purchases, plus the amount of any brokerage fees paid by us in connection with
those purchases.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The
distributions described above will constitute taxable dividend income to you to
the extent of our current and accumulated earnings and profits allocable to the
distributions. Any distributions in excess of our current and accumulated
earnings and profits will constitute a return of capital that will reduce the
basis of your shares of common stock by the amount of the excess distribution,
but not below zero. To the extent that excess distributions exceed the tax basis
in your shares and provided that you have held your shares as capital assets,
you will recognize capital gain, which will be taxable as long-term capital gain
if you have held your shares for more than one year.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The tax basis
of your shares of stock purchased with reinvested dividends will generally equal
the total amount of distributions you are treated as having received, as
described above. Your holding period in shares of common stock (including
fractional shares) acquired pursuant to the Plan will generally begin on the day
after the shares are credited to your account.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3"><font style="DISPLAY: inline; FONT-STYLE: italic">Tax Consequences of Optional Cash
Payments</font>. Participants who choose to purchase additional shares by
electing optional cash payments, and who have also elected to have their
dividends reinvested, will be treated as having received a distribution equal to
the excess, if any, of the fair market value on the investment date of the
shares of common stock purchased over the amount of the cash payment made by the
participant. The fair market value should generally equal the average of the
daily high and low sale prices of our shares of common stock, as reported by the
NYSE (or such other exchange or quotation system' on which our common stock is
then listed or quoted) for the investment date. Any such distributions will be
subject to tax in accordance with the rules described above under "&#8212;Tax
Consequences of Dividend Reinvestment." The tax treatment of participants who
purchase shares by electing optional cash purchases or as an initial cash
investment, but who have not elected to have their dividends reinvested, is not
entirely clear under existing law. However, the Service has indicated in certain
private letter rulings, that such individuals will not be treated as having
received a taxable distribution with respect to any discount in purchase price
offered pursuant to the Plan. Private letter rulings are not binding on the
Service and cannot be relied upon by any taxpayer other than those to whom the
ruling is addressed. Nevertheless, such rulings often reflect the current
thinking of the Service. Therefore, the tax treatment of a purchase of shares
under the Plan with an initial cash investment or an optional cash investment
may differ depending on whether you are participating in the dividend
reinvestment feature of the Plan.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The tax basis
of shares of common stock acquired by optional cash payments or as an initial
investment will generally equal the total amount of distribution you are treated
as having received, as described above, plus the amount of the cash payment.
Your holding period in such shares (including fractional shares) generally
begins on the day after the applicable dividend payment date in the case of
shares purchased from us and on the day after the shares are credited to your
account in the case of shares purchased in market transactions.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3"><font style="DISPLAY: inline; FONT-STYLE: italic">Tax Consequences of
Dispositions</font>. You may realize gain or loss when shares of common stock
are sold or exchanged, whether the sale or exchange is made at your request upon
withdrawal from the Plan or takes place after withdrawal from or termination of
the Plan and, in the case of a fractional share, when you receive a cash payment
for a fraction of a share of common stock credited to your account. Assuming
that shares have been held as capital assets, such gain or loss will be capital
in nature. The amount of the capital gain or loss will be the difference between
the amount that you receive for the shares of common stock (including fractional
shares) and your tax basis in such shares or fraction thereof. Capital gains of
individuals derived with respect to capital assets held for more than one year
are generally eligible for reduced rates of taxation. The deductibility of
capital losses is subject to limitations.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3"><font style="DISPLAY: inline; FONT-STYLE: italic">Backup Withholding and Information
Reporting</font>. Under certain circumstances described below, we, or the Plan
Administrator may be required to deduct "backup withholding" on distributions
paid to a shareholder, regardless of whether those distributions are reinvested.
Similarly, the Plan Administrator may be required to deduct backup withholding
from all proceeds of sales of common shares held in a Plan account A participant
will be subject to backup withholding if (1) the participant has failed to
properly furnish us and the Plan Administrator with the participant's taxpayer
identification number; (2) the Service notifies us or the Plan Administrator
that the identification number furnished by the participant is incorrect; (3)
the Service notifies us or the Plan Administrator that backup withholding should
be commenced because the participant has failed to report properly distributions
paid to the participant; or (4) when required to do so, the participant has
failed to certify, under penalties of perjury, that the participant is not
subject to backup withholding.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Backup
withholding amounts will be withheld from dividends before those dividends are
reinvested under the Plan. Therefore, only this reduced amount will be
reinvested in Plan shares. Withheld amounts will generally constitute a tax
payment credited on such participant's federal income tax return.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan
Administrator will report to you the amount of any dividends credited to your
account as well as any brokerage trading fees or other related charges paid by
us on your behalf. This information will also be furnished to the Service to the
extent required by law.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">OTHER
INFORMATION</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">25.
&#160;&#160;&#160;&#160;&#160; What happens if I decide to sell or transfer all
of the certificated shares enrolled in the Plan but not the shares that are held
in my Plan account?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">If you sell or
transfer all of the certificated shares enrolled in the Plan, but continue to
hold shares in your Plan account, the cash dividends on the shares held in your
Plan account will continue to be reinvested, unless you instruct the Plan
Administrator to terminate your participation in the Plan.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">26.
&#160;&#160;&#160;&#160;&#160; If BorgWarner issues additional shares of common
stock in connection with a stock dividend or a stock split, how will I receive
the additional shares?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Any shares
representing stock dividends or stock splits that we distribute on shares of our
common stock that you have enrolled in the Plan and/or that are being held in
your Plan account will be credited to your Plan account:</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">27.&#160;&#160;&#160;&#160;&#160;&#160; How will I be able to vote the
shares held in my Plan account?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The shares
credited to your Plan account will be automatically added to the shares covered
by the proxy provided to you with respect to your certificated and book entry
form shares of common stock, and may be voted by you pursuant to such
proxy.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">28.
&#160;&#160;&#160;&#160;&#160; What are the responsibilities of BorgWarner and
of the Plan Administrator under the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Except as
described below, the Plan Administrator has no responsibility with respect to
the preparation or the contents of this Plan. Neither we nor the Plan
Administrator or its nominee(s), in administering the Plan, will be liable for
any act done in good faith, or for any good faith omission to act, including,
without limitation, any claims of liability arising out of: (a) failure to
terminate a participant's account upon the participant's death or adjudicated
incompetence; (b) the prices and times at which shares of common stock are
purchased or sold for the participant's account or the terms under which such
purchases or sales are made; or (c) fluctuations in the market value of our
common stock. Neither we nor the Plan Administrator can assure you of a profit,
or protect you against a loss, from the shares purchased or sold through the
Plan. An investment in our common stock is subject to significant market
fluctuations, as are all equity investments, we cannot control purchases by the
Plan Administrator under the Plan and cannot assure you that dividends on our
common stock will not be reduced or eliminated in the future.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">29.&#160;&#160;&#160;&#160;&#160;&#160; Who interprets the
Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">BorgWarner and
the Plan Administrator reserve the right to interpret the Plan, as they deem
necessary or desirable. Any such interpretation will be final. The Plan, and any
related Plan documentation and Plan accounts, will be governed by, and construed
in accordance with, the laws of the State of New York.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">30.&#160;&#160;&#160;&#160;&#160;&#160; May the Plan be changed or
discontinued?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; While
we currently expect to offer a dividend reinvestment and stock purchase plan
indefinitely, we reserve the right to suspend, modify, or terminate the Plan at
any time. You will receive notification of any such suspension, material
modification, or termination. We and the Plan Administrator also reserve the
right to change any administrative procedures of the Plan (including fees and
expenses) at any time without notice to you, and any such changes shall not he
deemed material modifications to the Plan.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">31.&#160;&#160;&#160;&#160;&#160;&#160; Who do I contact if I have
questions about the Plan?</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The Plan
Administrator will answer any questions you have about buying or selling our
common stock through the Plan or about any other Plan services. You may contact
the Plan Administrator in the following ways:</font></div>
    <div>&#160;</div>
    <ul type="disc" style="MARGIN-TOP: 0in">
      <li><font size="3"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Internet</font>. You can enroll,
  obtain information, change the number of shares on which your dividends are to
  be paid in cash, and perform certain transactions on your account online via
  Investor ServiceDirect (ISD). New investors will need to establish a Personal
  Identification Number (PIN) when setting up their account. Existing
  stockholders will need to use the Investor Identification Number (IID) which
  can be found in a bolded box on your check stub, statement, or advice to
  establish your PIN. In order to access your account through ISD, you will be
  required to complete an account activation process. This one-time
  authentication process will be used to validate your identity in addition to
  your IID and self-assigned PIN.</font>
        </li>
      <li><font size="3">To access Investor ServiceDirect please visit the BNY Mellon
  Shareowner Services website at: www.bnymellon.com/shareowner/isd.</font>
        </li>
      <li><font size="3"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Written
  Inquiries</font>. You may make an e-mail inquiry by following the instructions
  on the Investor ServiceDirect website. Please address all other correspondence
  concerning the Plan to the Plan Administrator at the following address:</font>
  </li>
    </ul>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">The Bank of New York Mellon</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">c/o BNY Mellon Shareowner Services</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">P.O. Box 358035</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">Pittsburgh, PA 15252-8035</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Be sure to
include your name, address, daytime phone number, IID, and a reference to
BorgWarner Inc. on all correspondence.</font></div>
    <div>&#160;</div>
    <ul type="disc" style="MARGIN-TOP: 0in">
      <li><font size="3"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Telephone
  Inquiries</font>. The Plan Administrator may be reached directly by
  dialing:</font><font size="3">&#160;</font> </li>
    </ul>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">1-800-851-4229 (dedicated number in the United States and
Canada)</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">1-800-231-5469 (for the hearing impaired) (TDD))</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font size="3">1-201-680-6578 (outside of the United States and Canada)</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">An automated
voice response system' is available 24 hours a day, 7 days a week. Customer
Service Representatives are available from 9:00 a.m. to 7:00 p.m., Eastern Time,
Monday through Friday (except holidays).</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">PLAN OF
DISTRIBUTION</font></font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Persons who
acquire shares of our common stock through the Plan and resell them shortly
after acquiring them, including coverage of short positions, under certain
circumstances, may be participating in a distribution of securities that would
require compliance with Regulation M under the Exchange Act and may be
considered to be underwriters within the meaning of the Securities Act. We will
not extend to any such person any rights or privileges other than those to which
they would be entitled as a participant, nor will we enter into any agreement
with any such person regarding the resale or distribution by any such person of
the shares of our common stock so purchased.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Our common stock
may not be available under the Plan in all states or jurisdictions. We are not
making an offer to sell our common stock in any jurisdiction where the offer or
sale is not permitted.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">LEGAL
MATTERS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">The legality
of the issuance of the shares of common stock offered hereby has been passed
upon for us by Miller, Canfield, Paddock and Stone, P.L.C., Detroit,
Michigan.</font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">EXPERTS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The consolidated
financial statements of BorgWarner Inc.&#160;as of December 31, 2008 and 2007,
and for each of the three years in the period ended December 31, 2008 and
management&#8217;s report on the effectiveness of internal control over financial
reporting as of December 31, 2008, included and incorporated by reference in the
registration statement, including this prospectus supplement and the
accompanying prospectus, have been audited by Deloitte &amp; Touche LLP, an
independent registered public accounting firm, as stated in their reports, which
are incorporated by reference herein, and have been so included and incorporated
in reliance upon the reports of such firm given upon their authority as experts
in accounting and auditing.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">As more fully
described in our Current Report on Form 8-K/A filed February 12, 2009 and
incorporated herein by reference, effective February 12, 2009 we&#160;changed
our independent registered public accounting firm and PricewaterhouseCoopers LLP
has been appointed to serve as our independent registered public accounting firm
for 2009.</font></div>
    <div>&#160;</div><br clear="all">
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">INFORMATION NOT REQUIRED
IN PROSPECTUS</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Item 14.&#160; Other
Expenses of Issuance and Distribution.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The fees and
expenses to be paid in connection with the distribution of the securities being
registered hereby are estimated as follows:</font><font size="3">&#160;&#160;<br><br></font></div>
    <div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#cceeff">
              <td align="left" valign="bottom" width="88%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registration
      fee</font></div>
              </td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
              <td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,162.91</font></td>
              <td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr bgcolor="white">
              <td align="left" valign="bottom" width="88%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Legal
      fees and expenses (including Blue Sky fees)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
              <td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10,000.00</font></td>
              <td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr bgcolor="#cceeff">
              <td align="left" valign="bottom" width="88%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Accounting
      fees and expenses</font></div>
              </td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
              <td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">12,000.00</font></td>
              <td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr bgcolor="white">
              <td align="left" valign="bottom" width="88%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Printing</font></div>
              </td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
              <td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5,000.00</font></td>
              <td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr bgcolor="#cceeff">
              <td align="left" valign="bottom" width="88%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Miscellaneous</font></div>
              </td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
              <td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1,837.09</font></td>
              <td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr bgcolor="white">
              <td align="left" valign="bottom" width="88%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Total</font></div>
              </td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$</font></td>
              <td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">30,000.00</font></td>
              <td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr></table>
      </div><br>
      <div><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Item 15.
Indemnification of Directors and Officers.</font></font></div>
    </div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">Section 145 of
the Delaware General Corporation Law (&#8220;DGCL&#8221;) provides as follows:</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">&#160;</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font size="3">A corporation
shall have power to indemnify any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than
an action by or in the right of the corporation) by reason of the fact that the
person is or was a director, officer, employee or agent of the corporation, or
is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, against expenses (including attorneys' fees), judgments, fines
and amounts paid in settlement actually and reasonably incurred by the person in
connection with such action, suit or proceeding if the person acted in good
faith and in a manner the person reasonably believed to be in or not opposed to
the best interests of the corporation, and, with respect to any criminal action
or proceeding, had no reasonable cause to believe the person's conduct was
unlawful. The termination of any action, suit or proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that the person did not act in good
faith and in a manner which the person reasonably believed to be in or not
opposed to the best interests of the corporation, and, with respect to any
criminal action or proceeding, had reasonable cause to believe that the person's
conduct was unlawful.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.55in"><font size="3">A corporation
shall have power to indemnify any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action or suit by or
in the right of the corporation to procure a judgment in its favor by reason of
the fact that the person is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise against expenses (including attorneys' fees)
actually and reasonably incurred by the person in connection with the defense or
settlement of such action or suit if the person acted in good faith and in a
manner the person reasonably believed to be in or not opposed to the best
interests of the corporation and except that no indemnification shall be made in
respect of any claim, issue or matter as to which such person shall have been
adjudged to be liable to the corporation unless and only to the extent that the
Court of Chancery or the court in which such action or suit was brought shall
determine upon application that, despite the adjudication of liability but in
view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which the Court of Chancery or such
other court shall deem proper.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.55in"><font size="3">As permitted
by Section 102 of the DGCL, BorgWarner Inc.&#8217;s&#160;&#160;restated certificate of
incorporation provides that no director shall be liable to BorgWarner Inc. or
its stockholders for monetary damages for breach of fiduciary duty as a director
other than (i) for breaches of the director&#8217;s duty of loyalty to BorgWarner Inc.
and its stockholders, (ii) for acts or omissions not in good faith or which
involve intentional misconduct or a knowing violation of law, (iii) for the
unlawful payment of dividends or unlawful stock purchases or redemptions under
Section 174 of the DGCL, or (iv) for any transaction from which the director
derived an improper personal benefit.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.55in"><font size="3">BorgWarner
Inc.&#8217;s restated certificate of incorporation provides for indemnification of its
directors and officers to the fullest extent permitted by the DGCL, and allows
BorgWarner Inc. to advance or reimburse litigation expenses upon submission by
the director, officer or employee of an undertaking to repay such advances or
reimbursements if it is ultimately determined that indemnification is not
available to such director or officer.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.55in"><font size="3">The
registrant maintains directors and officers liability insurance for the benefit
of its directors and officers.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.55in"><font size="3">For
information concerning the registrant&#8217;s undertaking to submit to adjudication
the issue of indemnification for violation of the securities laws, see Item 17
hereof.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Item 16.&#160;
Exhibits.</font></font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; BORDER-COLLAPSE: collapse; mso-yfti-tbllook: 480; mso-padding-alt: 0in 5.4pt 0in 5.4pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr style="MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Exhibit</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font size="3">Number</font></font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
              <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline"><font size="3">Exhibit
      Description</font></font></div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 1;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 2;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">3.1/4.1</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Restated Certificate of
      Incorporation of registrant (incorporated by reference to Exhibit 3.1 to
      the registrant&#8217;s Quarterly Report on Form 10-Q for the quarter ended
      September 30, 1993).</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 3;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">3.2/4.2</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Amended and Restated By-Laws
      of registrant.*</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 4;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">3.3/4.3</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Certificate of Designations,
      Preferences and Rights of Series A Junior Participating Preferred Stock
      (incorporated by reference to Exhibit 3.3 of the registrant&#8217;s Annual
      Report on Form 10-K for the year ended December 31, 1999).</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 5;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">3.4/4.4</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Certificate of Ownership and
      Merger Merging BorgWarner Inc. into Borg-Warner Automotive, Inc.
      (incorporated by reference to Exhibit 99.1 of the registrant&#8217;s Quarterly
      Report on Form 10-Q for the quarter ended March 31,
  2000).</font></div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 6;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 7;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">5.1</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Opinion of Miller, Canfield,
      Paddock and Stone, P.L.C. (including consent of such firm).*</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 8;">
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              <div style="MARGIN: 0in 0in 0pt"><font size="3">23.1</font></div>
              <div>&#160;</div>
            </td>
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              <div style="MARGIN: 0in 0in 0pt"><font size="3">Consent of Deloitte &amp;
      Touche LLP.*</font></div>
              <div>&#160;</div>
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              <div>&#160;</div>
            </td>
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              <div style="MARGIN: 0in 0in 0pt"><font size="3">Consent of Miller, Canfield,
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              <div>&#160;</div>
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          </tr><tr style="MSO-YFTI-LASTROW: yes; MSO-YFTI-IROW: 10;">
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              <div style="MARGIN: 0in 0in 0pt"><font size="3">24.1</font></div>
              <div>&#160;</div>
            </td>
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              <div style="MARGIN: 0in 0in 0pt"><font size="3">Power of Attorney (included
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              <div>&#160;</div>
            </td>
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    </div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">&#160;</font></div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">* Filed herewith.</font></div>
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    <div style="MARGIN: 0in 0in 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">Item 17.&#160;
Undertakings.</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The undersigned registrant
hereby undertakes:</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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    <div style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.5in"><font size="3">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160; To file, during any period
in which offers or sales are being made, a post-effective amendment to this
registration statement:</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
To include any prospectus required by Section 10(a)(3) of the Securities Act of
1933;</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;(ii)&#160;&#160;&#160;&#160;&#160;&#160; To reflect in the prospectus any
facts or events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in
this registration statement.&#160; Notwithstanding the foregoing, any increase
or decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be
reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more
than a 20 percent change in the maximum aggregate offering price set forth in
the &#8220;Calculation of Registration Fee&#8221; table in the effective registration
statement; and</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -0.5in"><font size="3">(iii)&#160;&#160;&#160;&#160;&#160;&#160; To include any material
information with respect to the plan of distribution not previously disclosed in
the registration statement or any material change to such information in this
registration statement;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt"><font size="3">provided, however, that paragraphs
(a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by
the registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration
statement, or is contained in a form of prospectus filed pursuant to Rule 424(b)
that is part of the registration statement.</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.5in"><font size="3">&#160;(2)&#160;&#160;&#160;&#160;&#160;&#160; That, for the purpose of
determining any liability under the Securities Act of 1933, each such
post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering
thereof.</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.5in"><font size="3">&#160;(3)&#160;&#160;&#160;&#160;&#160;&#160; To remove from registration
by means of a post-effective amendment any of the securities being registered
which remain unsold at the termination of the offering.</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.5in"><font size="3">&#160;(4)&#160;&#160;&#160;&#160;&#160;&#160; That, for purposes of
determining liability under the Securities Act of 1933 to any
purchaser:</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Each prospectus filed by the
registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the
registration statement as of the date the filed prospectus was deemed part of
and included in the registration statement; and</font><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;(ii)&#160;&#160;&#160;&#160;&#160;&#160; Each prospectus required to be
filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration
statement in reliance on Rule 430B relating to an offering made pursuant to Rule
415(a)(1)(i), (vii), or (x) for the purpose of providing the information
required by Section 10(a) of the Securities Act of 1933 shall be deemed to be
part of and included in the registration statement as of the earlier of the date
such form of prospectus is first used after effectiveness or the date of the
first contract of sale of securities in the offering described in the
prospectus. As provided in Rule 430B, for liability purposes of the issuer and
any person that is at that date an underwriter, such date shall be deemed to be
a new effective date of the registration statement relating to the securities in
the registration statement to which that prospectus relates, and the offering of
such securities at that time shall be deemed to be the initial bona fide
offering thereof. Provided, however, that no statement made in a registration
statement or prospectus that is part of the registration statement or made in a
document incorporated or deemed incorporated by reference into the registration
statement or prospectus that is part of the registration statement will, as to a
purchaser with a time of contract of sale prior to such effective date,
supersede or modify any statement that was made in the registration statement or
prospectus that was part of the registration statement or made in any such
document immediately prior to such effective date.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.5in"><font size="3">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160; That, for the purpose of
determining liability of the registrant under the Securities Act of 1933 to any
purchaser in the initial distribution of the securities, the undersigned
registrant undertakes that in a primary offering of securities of the
undersigned registrant pursuant to this registration statement, regardless of
the underwriting method used to sell the securities to the purchaser, if the
securities are offered or sold to such purchaser by means of any of the
following communications, the undersigned registrant will be a seller to the
purchaser and will be considered to offer or sell such securities to such
purchaser:</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Any preliminary prospectus
or prospectus of the undersigned registrant relating to the offering required to
be filed pursuant to Rule 424;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Any free writing prospectus
relating to the offering prepared by or on behalf of the undersigned registrant
or used or referred to by the undersigned registrant;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The portion of any other free
writing prospectus relating to the offering containing material information
about the undersigned registrant or its securities provided by or on behalf of
the undersigned registrant; and</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 1.5in; TEXT-INDENT: -1.5in; tab-stops: 71.25pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(iv)&#160;&#160;&#160;&#160;&#160;&#160; Any other communication that is an
offer in the offering made by the undersigned registrant to the
purchaser.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><font size="3">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The undersigned registrant
hereby undertakes that, for purposes of determining any liability under the
Securities Act of 1933, each filing of the registrant&#8217;s annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan&#8217;s annual report
pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt 37.05pt; TEXT-INDENT: -37.05pt; tab-stops: 37.05pt"><font size="3">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Insofar as indemnification
for liabilities arising under the Securities Act of 1933 may be permitted to
directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the
opinion of the Commission such indemnification is against public policy as
expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the
payment by the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final adjudication of such
issue.</font></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
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    <div style="MARGIN: 0in 0in 0pt 37.05pt; TEXT-INDENT: -37.05pt; TEXT-ALIGN: center; tab-stops: 37.05pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">SIGNATURES</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-3 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Auburn Hills, Michigan, on December 18,
2009.</font></div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td colspan="2" valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">BORGWARNER
INC.</font></font></td>
            <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr><tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr><tr>
            <td align="left" valign="top" width="50%" style="BORDER-BOTTOM: #ffffff solid">
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            <td valign="top" width="3%" style="BORDER-BOTTOM: #ffffff solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:
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            <td align="left" nowrap valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/&#160;Timothy
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          </tr><tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" nowrap valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Name:
      Tim M. Manganello</font></td>
            <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title:&#160;
      Chairman of the Board and Chief Executive Officer&#160;</font></td>
            <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr><tr>
            <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr></table>
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
            <td style="WIDTH: 37.05pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td>
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            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      <div>
        <div style="MARGIN: 0in 0in 0pt 37.05pt; TEXT-INDENT: -37.05pt; TEXT-ALIGN: center; tab-stops: 37.05pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">SIGNATURES</font></font></div>
        <div>&#160;</div>
        <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; tab-stops: 37.05pt">Each
person whose signature appears below hereby authorizes Timothy M. Manganello,
Robin&#160;J. Adams and John J. Gasparovic, and each of them, as
attorney-in-fact and agents, each with full power of substitution and
resubstitution, to sign on his or her behalf, individually and in each capacity
stated below, any amendment, including post-effective amendments to this
registration statement, and to file the same, with all exhibits thereto, and all
documents in connection therewith, with the SEC hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them or their substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.</div>
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Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed below by the following persons in the capacities and
on the date indicated.</div>
        <div>&#160;</div>
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<tr>
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<tr>
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<tr>
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              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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<tr>
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              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="top" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
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              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" nowrap valign="top" width="20%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
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              </td>
            </tr><tr>
              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Richard
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              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
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              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="top" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
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              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" nowrap valign="top" width="20%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
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              </td>
            </tr><tr>
              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Thomas
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              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              </td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="top" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              </td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" nowrap valign="top" width="20%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              </td>
            </tr><tr>
              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              </td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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      </div><br></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
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INDEX</font></div><br>
    <div>
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<tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Number</font></font></div>
            </td>
            <td align="left" valign="top" width="71%">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Exhibit
      Description</font></font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.2/4.2</font></div>
            </td>
            <td align="left" valign="top" width="71%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amended
      and Restated By-Laws of registrant.*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5.1</font></div>
            </td>
            <td align="left" valign="top" width="71%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Opinion
      of Miller, Canfield, Paddock and Stone, P.L.C. (including consent of such
      firm).*</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.1</font></div>
            </td>
            <td align="left" valign="top" width="71%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
      of Deloitte &amp; Touche LLP.*</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.2</font></div>
            </td>
            <td align="left" valign="top" width="71%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
      of Miller, Canfield, Paddock and Stone, P.L.C. (included in Exhibit
      5.1).*</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">24.1</font></div>
            </td>
            <td align="left" valign="top" width="71%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Power
      of Attorney (included on the signature page to this Registration
      Statement).*</font></div>
            </td>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br><br></body>
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<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>2
<FILENAME>bylaws.htm
<DESCRIPTION>AMENDED AND RESTATED BY-LAWS EXH. 3.2 AND 4.2
<TEXT>
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    <title>bylaws.htm</title>
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    <div style="TEXT-ALIGN: right">Exhibit 3.2/4.2<br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AMENDED
AND RESTATED</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">BY-LAWS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OF</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">BORGWARNER
INC.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">___________________________</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
I</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OFFICES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 1.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REGISTERED
OFFICE.&#160;&#160;The registered office of the Corporation shall be established
and maintained at the office of The Corporation Trust Company, at 1209 West
Orange Street in the City of Wilmington, County of New Castle, State of
Delaware, and said corporation shall be the registered agent of this Corporation
in charge thereof.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OTHER
OFFICES.&#160;&#160;The Corporation may have other offices, either within or
without the State of Delaware, at such place or places as the Board of Directors
may from time to time appoint or the business of the Corporation may
require.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
II</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MEETINGS
OF STOCKHOLDERS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ANNUAL
MEETINGS.&#160;&#160;Annual meetings of stockholders for the election of
directors, and for such other business as may be stated in the notice of the
meeting, shall be held at such place, either within or without the State of
Delaware, and at such time and date as the Board of Directors, by resolution,
shall determine and as set forth in the notice of the meeting.&#160;&#160;If the
date of the annual meeting shall fall upon a legal holiday, the meeting shall be
held on the next succeeding business day.&#160;&#160;At each annual meeting, the
stockholders entitled to vote shall elect a Board of Directors and they may
transact such other corporate business as shall be stated in the notice of the
meeting.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OTHER
MEETINGS.&#160;&#160;Meetings of stockholders for any purpose other than the
election of directors may be held at such time and place, within or without the
State of Delaware, as shall be stated in the notice of the meeting.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SPECIAL
MEETINGS.&#160;&#160;Subject to the rights of the holders of any series of
Preferred Stock, special meetings of the stockholders for any purpose or
purposes may be called only by the Chairman of the Board of Directors or the
Board of Directors pursuant to a resolution approved by a majority of the total
number of directors or by any person or committee expressly so authorized by the
Board of Directors pursuant to a resolution approved by a majority of the total
number of directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">VOTING.&#160;&#160;Each
stockholder shall be entitled to vote in accordance with the terms of the
Certificate of Incorporation and in accordance with the provisions of these
By-Laws, in person or by proxy, but no proxy shall be voted after three years
from its date unless such proxy provides for a longer period.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
complete list of the stockholders entitled to vote at the ensuing election,
arranged in alphabetical order, with the address of each, and the number of
shares held by each, shall be open to the examination of any stockholder, for
any purpose germane to the meeting, during ordinary business hours for a period
of at least ten days prior to the meeting, either at a place within the city
where the meeting is to be held, which place shall be specified in the notice of
the meeting, or, if not so specified, at the place where the meeting is to be
held.&#160;&#160;The list shall also be produced and kept at the time and place
of the meeting during the whole time thereof, and may be inspected by any
stockholder who is present.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 5.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">QUORUM.&#160;&#160;Except
as otherwise required by law, by the Certificate of Incorporation or by these
By-Laws, the presence, in person or by proxy, of stockholders holding a majority
of the stock of the Corporation entitled to vote shall constitute a quorum at
all meetings of the stockholders.&#160;&#160;In case a quorum shall not be
present at any meeting, a majority in interest of the stockholders entitled to
vote thereat, present in person or by proxy, shall have power to adjourn the
meeting from time to time, without notice other than announcement at the
meeting, until the requisite amount of stock entitled to vote shall be
present.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">When a
meeting is adjourned to another time or place, notice need not be given of the
adjourned meeting if the time and place are announced at the meeting at which
the adjournment is taken; provided, however, that if the date of any adjourned
meeting is more than thirty days after the date for which the meeting was
originally noticed, or if a new record date is fixed for the adjourned meeting,
notice of the place, if any, date, and time of the adjourned meeting shall be
given in conformity herewith.&#160;&#160;At any adjourned meeting, any business
may be transacted which might have been transacted at the original
meeting.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 6.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTICE OF
MEETINGS.&#160;&#160;Written notice, stating the place, date and time of the
meeting, and the nature of the business to be considered, shall be given to each
stockholder entitled to vote thereat at his address as it appears on the records
of the Corporation, not less than ten nor more than sixty days before the date
of the meeting, except as otherwise provided herein or required by
law.&#160;&#160;Without limiting the manner by which notice otherwise may be
given effectively to stockholders, any notice to stockholders may be given by
electronic transmission in the manner provided in Section 232 of the General
Corporation Law of the State of Delaware.&#160;&#160;No business other than that
stated in the notice shall be transacted at any meeting without the unanimous
consent of all the stockholders entitled to vote thereat.&#160;&#160;Any
previously scheduled annual meeting of the stockholders may be postponed, and
any previously scheduled special meeting of the stockholders may be postponed or
cancelled by resolution of the Board of Directors upon public notice given prior
to the time previously scheduled for such meeting of stockholders.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 7.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTICE OF
STOCKHOLDER BUSINESS AND NOMINATIONS.&#160;&#160;(A)&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Annual Meetings of
Stockholders</font>.&#160;&#160;(1)&#160;&#160;Nominations of persons for
election to the Board of Directors of the Corporation and the proposal of other
business to be considered by the stockholders may be made at an annual meeting
of stockholders (a)&#160;pursuant to the Corporation&#8217;s notice of meeting
delivered pursuant to Section 6 of this Article II (b)&#160;by or at the
direction of the Chairman or the Board of Directors or (c)&#160;by any
stockholder of the Corporation who is entitled to vote at the meeting, who
complied with the notice procedures set forth in clauses (2) and (3) of this
paragraph (A) and this By-Law and who was a stockholder of record at the time
such notice is delivered to the Secretary of the Corporation, this clause (c)
shall be the exclusive means for a stockholder to make nominations or submit
other business (other than matters brought under Rule 14a-8 under the Securities
Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) and included in the
Corporation&#8217;s notice of meeting) before an annual meeting of
stockholders.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">For nominations or other business to be
properly brought before an annual meeting by a stockholder pursuant to clause
(c) of paragraph (A)(1) of this By-Law, the stockholder must have given timely
notice in writing to the Secretary of the Corporation and such other business
must otherwise be a proper matter for stockholder action.&#160;&#160;To be
timely, a stockholder&#8217;s notice shall be delivered to the Secretary at the
principal executive offices of the Corporation not earlier than the close of
business on the one hundred and twentieth day prior to nor later than the close
of business on the ninetieth day prior to the first anniversary of the preceding
year&#8217;s annual meeting; provided, however, that in the event that the date of the
annual meeting is more than thirty days before, or more than sixty days after
such anniversary date, notice by the stockholder to be timely must be so
delivered not earlier than the close of business on the one hundred and
twentieth day prior to such annual meeting and not later than the close of
business on the ninetieth day prior to such annual meeting or, if the first
public announcement of the date of such annual meeting is less than 100 days
prior to the date of such annual meeting, the tenth day following the day on
which public announcement of the date of such meeting is first
made.&#160;&#160;In no event shall any adjournment or postponement of an annual
meeting or the announcement thereof commence a new time period for the giving of
a stockholder&#8217;s notice as described above.</font>&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt">Such stockholder&#8217;s notice shall set
forth (a) as to each person whom the stockholder proposes to nominate for
election or reelection as a director (i) all information relating to such person
that is required to be disclosed in solicitations of proxies for election of
directors, or is otherwise required, in each case pursuant to Section 14 of the
Exchange Act and the rules and regulations promulgated thereunder, (ii) such
person&#8217;s written consent to being named in the proxy statement as a nominee and
to serving as a director if elected, (iii)&#160;a description of all direct and
indirect compensation and other material monetary agreements, arrangements and
understandings during the past three years, and any other material
relationships, between or among such stockholder and beneficial owner, if a
proposal is being made on the behalf of such an owner, and their respective
affiliates and associates, or others acting in concert therewith, on the one
hand, and each proposed nominee, and his or her respective affiliates and
associates, or others acting in concert therewith, on the other hand, including,
without limitation all information that would be required to be disclosed
pursuant to Rule 404 promulgated under Regulation S-K if the stockholder making
the nomination and any beneficial owner on whose behalf the nomination is made,
if any, or any affiliate or associate thereof or person acting in concert
therewith, were the &#8220;registrant&#8221; for purposes of such rule and the nominee were
a director or executive officer of such registrant; (iv) a statement whether
such person, if elected, intends to tender, promptly following such person&#8217;s
election or re-election, an irrevocable resignation effective upon such person&#8217;s
failure to receive the required vote for re-election at the next meeting at
which such person would face re-election and upon acceptance of such resignation
by the Board of Directors, in accordance with the Corporation&#8217;s Corporate
Governance Guideline on Director Elections and (v) with respect to each nominee
for election or re-election to the Board of Directors, a completed and signed
questionnaire; representation and agreement required by Article II, Section 8 of
these By-Laws and any other information the Corporation may require to determine
the eligibility of such proposed nominee to serve as an independent director of
the Corporation or that could be material to a reasonable stockholder&#8217;s
understanding of the independence, or lack thereof, of such nominee; (b) as to
any other business that the stockholder proposes to bring before the meeting,
set forth (i) a brief description of the business desired to be brought before
the meeting, the reasons for conducting such business at the meeting, any
material interest in such business of such stockholder, the beneficial owner, if
any, on whose behalf the proposal is made and (ii) a description of all
agreements, arrangements and understandings between such stockholder and
beneficial owner, if any and any other person or persons (including their names)
in connection with the proposal of such business by such stockholder ; and (c)
as to the stockholder giving the notice and the beneficial owner, if any, on
whose behalf the nomination or proposal is made (i) the name and address of such
stockholder, as they appear on the Corporation&#8217;s books, and of such beneficial
owner, if any, (ii)&#160;(1) the class and number of shares of the Corporation
which are directly or indirectly owned beneficially and of record by such
stockholder and such beneficial owner, (2) any option, warrant, convertible
security, stock appreciation right, or similar right with an exercise or
conversion privilege or a settlement payment or mechanism at a price related to
any class or series of shares of the Corporation or with a value derived in
whole or in part from the value of any class or series of shares of the
Corporation, whether or not such instrument or right shall be subject to
settlement in the underlying class or series of capital stock of the Corporation
or otherwise (a &#8220;Derivative Instrument&#8221;) directly or indirectly owned
beneficially by such stockholder and any other direct or indirect opportunity to
profit or share in any profit derived from any increase or decrease in the value
of shares of the Corporation, (3) any proxy, contract, arrangement,
understanding, or relationship pursuant to which such stockholder has a right to
vote any shares of any security of the Corporation, (4)&#160;any short interest
in any security of the Corporation (for purposes of this Bylaw a person shall be
deemed to have a short interest in a security if such person directly or
indirectly, through any contract, arrangement, understanding, relationship or
otherwise, has the opportunity to profit or share in any profit derived from any
decrease in the value of the subject security), (5)&#160;any rights to dividends
on the shares of the Corporation owned beneficially by such stockholder that are
separated or separable from the underlying shares of the corporation,
(6)&#160;any proportionate interest in shares of the Corporation or Derivative
Instruments held, directly or indirectly, by a general or limited partnership in
which such stockholder is a general partner or, directly or indirectly,
beneficially owns an interest in a general partner and (7)&#160;any
performance-related fees (other than an asset-based fee) that such stockholder
is entitled to based on any increase or decrease in the value of shares of the
Corporation or Derivative Instruments, if any, as of the date of such notice,
including without limitation any such interests held by members of such
stockholder&#8217;s immediate family sharing the same household (which information
shall be supplemented by such stockholder and beneficial owner, if any, not
later than 10 days after the record date for the meeting to disclose such
ownership as of the record date), and (iii) any other information relating to
such stockholder and beneficial owner, if any, that would be required to be
disclosed in a proxy statement or other filings required to be made in
connection with solicitations of proxies for, as applicable, the proposal and/or
for the election of directors pursuant to Section 14 of the Exchange Act and the
rules and regulations promulgated thereunder; and (iv)&#160;whether either such
stockholder or beneficial owner intends to deliver a proxy statement and form of
proxy to holders of, in the case of a proposal, at least the percentage of the
Corporation&#8217;s voting shares required under applicable law to carry the proposal
or, in the case of a nomination or nominations, a sufficient number of holders
of the Corporation&#8217;s voting shares to elect such nominee or nominees (an
affirmative statement of such intent, a &#8220;Solicitation
Notice&#8221;).</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(3)</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Notwithstanding
anything in the second sentence of paragraph (A)(2) of this By-Law to the
contrary, in the event that the number of directors to be elected to the Board
of Directors of the Corporation is increased and there is no public announcement
naming all of the nominees for director or specifying the size of the increased
Board of Directors made by the Corporation at least 100 days prior to the first
anniversary of the preceding year&#8217;s annual meeting, a stockholders notice
required by this By-Law shall also be considered timely, but only, with respect
to nominees for any new positions created by such increase, if it shall be
delivered to the Secretary at the principal executive offices of the Corporation
not later than the close of business on the tenth day following the day on which
such public announcement is first made by the Corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(B)</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Special Meetings of
Stockholders</font>.&#160;&#160;Only such business shall be conducted at a
special meeting of stockholders as shall have been brought before the meeting
pursuant to the Corporation&#8217;s notice of meeting pursuant to Section 7 of this
Article II.&#160;&#160;Nominations of persons for election to the Board of
Directors may be made at a special meeting of stockholders at which directors
are to be elected pursuant to the Corporation&#8217;s notice of meeting (a) by or at
the direction of the Board of Directors or (b)&#160;by any stockholder of the
Corporation who is entitled to vote at the meeting, who complies with the notice
procedures set forth in this By-Law and who is a stockholder of record at the
time such notice is delivered to the Secretary of the
Corporation.&#160;&#160;Nominations by stockholders of persons for election to
the Board of Directors may be made at such a special meeting of stockholders if
the stockholder&#8217;s notice as required by paragraph (A) (2) of this By-Law shall
be delivered to the Secretary at the principal executive offices of the
Corporation not earlier than the close of business on the one hundred and
twentieth day prior to such special meeting and not later than the close of
business on the later of the ninetieth day prior to such special meeting or the
tenth day following the day on which public announcement is first made of the
date of the special meeting and of the nominees proposed by the Board of
Directors to be elected at such meeting.&#160;&#160;In no event shall any
adjournment or postponement of a special meeting or the announcement thereof
commence a new time period for the giving of a stockholder&#8217;s notice as described
above.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(C)</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">General</font>.&#160;&#160;(1)&#160;&#160;Only
persons who are nominated in accordance with the procedures set forth in this
By-Law shall be eligible to serve as director and only such business shall be
conducted at a meeting of stockholders as shall have been brought before the
meeting in accordance with the procedures set forth in this
By-Law.&#160;&#160;Except as otherwise provided by law, the Certificate of
Incorporation or these By-Laws, the chairman of the meeting shall have the power
and duty to determine whether a nomination or any business proposed to be
brought before the meeting was made in accordance with the procedures set forth
in this By-Law and, if any proposed nomination or business is not in compliance
with this By-Law, to declare that such defective proposal or nomination shall be
disregarded.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(2)</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
purposes of this By-Law, &#8220;public announcement&#8221; shall mean disclosure in a press
release reported by the Dow Jones News Service, Associated Press or comparable
national news service or in a document publicly filed by the Corporation with
the Securities and Exchange Commission (the &#8220;SEC&#8221;) pursuant to Section 13, 14 or
15(d) of the Exchange Act and the rules and regulations promulgated
thereunder.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Notwithstanding
the foregoing provisions of this By-Law, a stockholder shall also comply with
all applicable requirements of the Exchange Act and the rules and regulations
thereunder with respect to the matters set forth in this
By-Law.&#160;&#160;Nothing in this By-Law shall be deemed to affect any rights
(i) of stockholders to request inclusion of proposals in the Corporation&#8217;s proxy
statement pursuant to Rule 14a-8 under the Exchange Act or&#160;&#160;(ii) of
the holders of any series of Preferred Stock if and to the extent provided for
under law, the Certificate of Incorporation or this Bylaw.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SUBMISSION
OF QUESTIONNAIRE, REPRESENTATION AND AGREEMENT.&#160;&#160;To be eligible to be
a nominee for election or reelection as a director of the Corporation, a person
must deliver (in accordance with the time periods prescribed for delivery of
notice under Section 7 of this Article II of these By-Laws) to the Secretary at
the principal executive offices of the Corporation a written questionnaire with
respect to the background and qualification of such person and the background of
any other person or entity on whose behalf the nomination is being made (which
questionnaire shall be provided by the Secretary upon written request) and a
written representation and agreement (in the form provided by the Secretary upon
written request) that such person (A) is not and will not become a party to (1)
any agreement, arrangement or understanding with, and has not given any
commitment or assurance to, any person or entity as to how such person, if
elected as a director of the Corporation, will act or vote on any issue or
question (a &#8220;Voting Commitment&#8221;) that has not been disclosed to the Corporation
or (2) any Voting Commitment that could limit or interfere with such person&#8217;s
ability to comply, if elected as a director of the Corporation, with such
person&#8217;s fiduciary duties under applicable law, (B) is not and will not become a
party to any agreement, arrangement or understanding with any person or entity
other than the Corporation with respect to any direct or indirect compensation,
reimbursement or indemnification in connection with service or action as a
director that has not been disclosed therein, (C) beneficially owns, or agrees
to acquire within 1 year if elected as a director of the Corporation, not less
than 1,000 common shares of the Corporation (&#8220;Qualifying Shares&#8221;) (subject to
adjustment for any stock splits or stock dividends occurring after date of such
representation or agreement), will not dispose of such minimum number of shares
so long as such person is a director, and has disclosed therein whether all or
any portion of the Qualifying Shares were purchased with any financial
assistance provided by any other person and whether any other person has any
interest in the Qualifying Shares, and (D) in such person&#8217;s individual capacity
and on behalf of any person or entity on whose behalf the nomination is being
made, would be in compliance, if elected as a director of the Corporation, and
will comply with all applicable publicly disclosed corporate governance,
conflict of interest, confidentiality and stock ownership and trading policies
and guidelines of the Corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 9.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PROCEDURE
FOR ELECTION OF DIRECTORS; VOTE REQUIRED.&#160;&#160;Election of directors at
all meetings of the stockholders at which directors are to be elected shall be
by written ballot.&#160;&#160;Except as otherwise set forth in the Certificate
of Incorporation with respect to the right of the holders of any series of
Preferred Stock or any other series or class of stock to elect directors under
specified circumstances, a nominee for director shall be elected to the Board of
Directors if the votes cast &#8220;for&#8221; such nominee&#8217;s election exceed the votes cast
&#8220;against&#8221; such nominee&#8217;s election; provided, however, that directors shall be
elected by a plurality of the votes cast at any meeting of stockholders for
which (a) the Secretary of the Corporation receives a notice that a stockholder
has nominated a person for election to the Board of Directors in compliance with
the advance notice requirements for stockholder nominees for director set forth
in Article II, Section 7(A) of these By-Laws and (b) such nomination has not
been withdrawn by such stockholder on or prior to the tenth day before the date
the Corporation first mails its notice of meeting for such meeting to the
stockholders.&#160;&#160;If directors are to be elected by a plurality of the
votes cast, stockholders shall not be permitted to vote &#8220;against&#8221; a
nominee.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Except as
otherwise provided by law, the Certificate of Incorporation or these By-Laws,
all matters other than the election of directors submitted to the stockholders
at any meeting shall be decided by a majority of the votes cast affirmatively or
negatively with respect thereto.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 10.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INSPECTORS
OF ELECTIONS; OPENING AND CLOSING THE POLLS.&#160;&#160;(A)&#160;&#160;The Board
of Directors by resolution shall appoint one or more inspectors, which inspector
or inspectors may include individuals who serve the Corporation in other
capacities, including, without limitation, as officers, employees, agents or
representatives of the Corporation, to act at the meetings of stockholders and
make a written report thereof.&#160;&#160;One or more persons may be designated
as alternate inspectors to replace any inspector who fails to act.&#160;&#160;If
no inspector or alternate has been appointed to act, or if all inspectors or
alternates who have been appointed are unable to act, at a meeting of
stockholders, the chairman of the meeting shall appoint one or more inspectors
to act at the meeting.&#160;&#160;Each inspector, before discharging his or her
duties, shall take and sign an oath faithfully to execute the duties of
inspector with strict impartiality and according to the best of his or her
ability.&#160;&#160;The inspectors shall have the duties prescribed by the
General Corporation Law of the State of Delaware.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(B)</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
chairman of the meeting shall fix and announce at the meeting the date and time
of the opening and the closing of the polls for each matter upon which the
stockholders will vote at a meeting.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 11.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NO
STOCKHOLDER ACTION BY WRITTEN CONSENT.&#160;&#160;Subject to the rights of the
holders of any series of Preferred Stock or any other series or class of stock
as set forth in the Certificate of Incorporation to elect directors under
specific circumstances, any action required or permitted to be taken by the
stockholders of the Corporation must be effected at an annual or special meeting
of stockholders of the Corporation and may not be effected by any consent in
writing by such stockholders.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
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        </div>
      </div><br>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
III</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DIRECTORS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 1.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GENERAL
POWERS.&#160;&#160;The business and affairs of the Corporation shall be managed
by or under the direction of its Board of Directors.&#160;&#160;In addition to
the powers and authorities by these By-Laws expressly conferred upon them, the
Board of Directors may exercise all such powers of the Corporation and do all
such lawful acts and things as are not by law or by the Certificate of
Incorporation or by these By-Laws required to be exercised or done by the
stockholders.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 2.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NUMBER,
TENURE AND QUALIFICATIONS.&#160;&#160;Subject to the rights of the holders of
any series of Preferred Stock, or any other series or class of stock as set
forth in the Certificate of Incorporation, to elect directors under specified
circumstances, the number of directors shall be fixed from time to time
exclusively pursuant to a resolution adopted by a majority of the total number
of directors, which the Corporation would have if there were no vacancies (the
&#8220;Whole Board&#8221;), but shall consist of not more than seventeen nor less than three
directors.&#160;&#160;The directors, other than those who may be elected by the
holders of any series of Preferred Stock, or any other series or class of stock
as set forth in the Certificate of Incorporation, shall be divided, with respect
to the time for which they severally hold office, into three classes, as nearly
equal in number as possible, with the term of office of the first class to
expire at the 1994 annual meeting of stockholders, the term of office of the
second class to expire at the 1995 annual meeting of stockholders and the term
of office of the third class to expire at the 1996 annual meeting of
stockholders.&#160;&#160;Each director shall hold office until his or her
successor shall have been duly elected and qualified.&#160;&#160;At each annual
meeting of stockholders, commencing with the 1994 annual meeting, (i) directors
elected to succeed those directors whose terms then expire shall be elected for
a term of office to expire at the third succeeding annual meeting of
stockholders after their election, with each director to hold office until his
or her successor shall have been duly elected and qualified, and (ii) if
authorized by a resolution of the Board of Directors, directors may be elected
to fill any vacancy on the Board of Directors, regardless of how such vacancy
shall have been created.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 3.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REGULAR
MEETINGS.&#160;&#160;A regular meeting of the Board of Directors shall be held
without other notice than this By-Law as soon as practicable after each annual
meeting of stockholders at such location as is convenient and established by the
Board of Directors.&#160;&#160;The Board of Directors may, by resolution,
provide the time and place for the holding of additional regular meetings
without other notice than such resolution.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Unless
otherwise restricted by the Certificate of Incorporation of the Corporation or
these By-Laws, members of the Board of Directors, or any committee designated by
the Board of Directors, may participate in any meeting of the Board of Directors
or any committee thereof by means of a conference telephone or similar
communications equipment by means of which all persons participating in the
meeting can hear each other, and such participation in a meeting shall
constitute presence in person at the meeting.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 4.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SPECIAL
MEETINGS.&#160;&#160;Special meetings of the Board of Directors shall be called
at the request of the Chairman of the Board, the President or any three members
of the Board of Directors.&#160;&#160;The person or persons authorized to call
special meetings of the Board of Directors may fix the place and time of the
meetings.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 5.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTICE.&#160;&#160;Notice
of any special meeting shall be given to each director at his business or
residence in writing or by telegram, facsimile or similar means of electronic
communication or by telephone.&#160;&#160;If mailed, such notice shall be deemed
adequately delivered when deposited in the United States mails so addressed,
with postage thereon prepaid, at least five days before such
meeting.&#160;&#160;If by telegram, such notice shall be deemed adequately
delivered when the telegram is delivered to the telegraph company at least
twenty-four hours before such meeting.&#160;&#160;If by facsimile transmission
or similar means of electronic communication, such notice shall be transmitted
at least twenty-four hours before such meeting.&#160;&#160;If by telephone, the
notice shall be given at least twelve hours prior to the time set for the
meeting.&#160;&#160;Neither the business to be transacted at, nor the purpose
of, any regular or special meeting of the Board of Directors need be specified
in the notice of such meeting, except for amendments to these By-Laws as
provided under Article VII hereof.&#160;&#160;A meeting may be held at any time
without notice if all the directors are present or if those not present waive
notice of the meeting in writing, either before or after such
meeting.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">QUORUM.&#160;&#160;A
majority of the directors shall constitute a quorum for the transaction of
business.&#160;&#160;If at any meeting of the Board of Directors there shall be
less than a quorum present, a majority of the directors present may adjourn the
meeting from time to time until a quorum is obtained, and no further notice
thereof need be given other than by announcement at the meeting which shall be
so adjourned.&#160;&#160;The act of the majority of the directors present at a
meeting at which a quorum is present shall be the act of the Board of Directors,
unless the Certificate of Incorporation or these By-Laws require the vote of a
greater number.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 7.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">VACANCIES.&#160;&#160;Subject
to the rights of the holders of any series of Preferred Stock, or any other
series or class of stock as set forth in the Certificate of Incorporation, to
elect directors under specified circumstances, and unless the Board of Directors
otherwise determines, vacancies resulting from death, resignation, retirement,
disqualification, removal from office or other cause, and newly created
directorships resulting from any increase in the authorized number of directors,
shall be filled only by the affirmative vote of a majority of the remaining
directors, though less than a quorum of the Board of Directors, and any director
so chosen shall hold office for a term expiring at the annual meeting of
stockholders at which the term of office of the class to which he or she has
been elected expires and until such director&#8217;s successor shall have been duly
elected and qualified.&#160;&#160;No decrease in the number of authorized
directors constituting the Whole Board shall shorten the term of any incumbent
director.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 8.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REMOVAL.&#160;&#160;Subject
to the rights of the holders of any series of Preferred Stock, or any other
series or class of stock as set forth in the Certificate of Incorporation, to
elect directors under specified circumstances, any director, or the entire Board
of Directors, may be removed from office at any time, but only for cause and
only by the affirmative vote of the holders of at least 80 percent of the voting
power of the then outstanding Voting Stock, voting together as a single class,
at an annual meeting or a special meeting called expressly for this
purpose.&#160;&#160;For purposes of these By-Laws, &#8220;Voting Stock&#8221; shall mean the
shares of capital stock of the Corporation entitled to vote generally in the
election of directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 9.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RESIGNATIONS.&#160;&#160;Any
director, member of a committee or other officer may resign at any
time.&#160;&#160;Such resignation shall be made in writing, and shall take
effect at the time specified therein, and if no time be specified, at the time
of its receipt by the President or Secretary.&#160;&#160;The acceptance of a
resignation shall not be necessary to make it effective.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 10.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COMMITTEES.&#160;&#160;The
Board of Directors may, by resolution or resolutions passed by a majority of the
Whole Board, designate one or more committees, each committee to consist of two
or more of the directors of the Corporation.&#160;&#160;The board may designate
one or more directors as alternate members of any committee, who may replace any
absent or disqualified member at any meeting of the committee.&#160;&#160;In the
absence or disqualification of any member of such committee or committees, the
member or members thereof present at any meeting and not disqualified from
voting, whether or not he, she or they constitute a quorum, may unanimously
appoint another member of the Board of Directors to act at the meeting in the
place of any such absent or disqualified member.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any such
committee, to the extent provided in the resolution of the Board of Directors,
or in these By-Laws, shall have and may exercise all the powers and authority of
the Board of Directors in the management of the business and affairs of the
Corporation, and may authorize the seal of the Corporation to be affixed to all
papers which may require it; but no such committee shall have the power or
authority in reference to amending the Certificate of Incorporation (except that
a committee may, to the extent authorized in the resolution or resolutions
providing for the issuance of shares of stock adopted by the Board of Directors
as provided in subsection (a) of Section 151 of the General Corporation Law of
the State of Delaware, fix the designation and any of the preferences and any of
the rights of such shares relating to dividends, redemption, dissolution, any
distribution of assets of the Corporation or fix the number of shares of any
series of stock or authorize the increase or decrease of any shares of any
series), adopting an agreement of merger or consolidation, recommending to the
stockholders the sale, lease or exchange of all or substantially all of the
Corporation&#8217;s property and assets, recommending to the stockholders a
dissolution of the Corporation or a revocation of a dissolution, or amending the
By-Laws of the Corporation; and, unless the resolution, these By-Laws or the
Certificate of Incorporation expressly so provides, no such committee shall have
the power or authority to declare a dividend or to authorize the issuance of
stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 72pt"></font>Each committee may determine the
procedural rules for meeting and conducting its business and shall act in
accordance therewith, except as otherwise provided herein or required by
law.&#160;&#160;Adequate provision shall be made for notice to members of all
meetings; one-third of the members shall constitute a quorum unless the
committee shall consist of one or two members, in which event one member shall
constitute a quorum; and all matters shall be determined by a majority vote of
the members present.&#160;&#160;Action may be taken by any committee without a
meeting if all members thereof consent thereto in writing or by electronic
transmission, and the writing or writings or electronic transmission or
transmissions are filed with the minutes of the proceedings of such
committee.&#160;&#160;If as a result of a catastrophe or other emergency
condition a quorum of any committee of the Board of Directors having power to
act in the premises cannot readily be convened and a quorum of the Board of
Directors cannot readily be convened, then all the powers and duties of the
Board of Directors shall automatically vest and continue, until a quorum of the
Board of Directors can be convened, in an Emergency Management Committee, which
shall consist of all readily available members of the Board of Directors and two
of whose members shall constitute a quorum.&#160;&#160;The Emergency Management
Committee shall call a meeting of the Board of Directors as soon as
circumstances permit for the purpose of filling any vacancies on the Board of
Directors and its committees and taking such other action as may be
appropriate.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 11.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COMPENSATION.&#160;&#160;Directors
shall not receive any stated salary for their services as directors or as
members of committees, but by resolution of the board an annual retainer and a
fixed fee and expenses of attendance may be allowed for attendance at each
meeting.&#160;&#160;Nothing herein contained shall be construed to preclude any
director from serving the Corporation in any other capacity as an officer, agent
or otherwise, and receiving compensation therefor.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 12.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ACTION
WITHOUT MEETING.&#160;&#160;Any action required or permitted to be taken at any
meeting of the Board of Directors, or of any committee thereof, may be taken
without a meeting, if prior to such action a written consent thereto is signed
by all members of the board or of such committee, as the case may be, and such
written consent is filed with the minutes of proceedings of the board or
committee.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
IV</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OFFICERS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 1.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OFFICERS.&#160;&#160;The
officers of the Corporation shall be a Chief Executive Officer, a Chairman of
the Board of Directors, a President, a Treasurer, and a Secretary, all of whom
shall be elected by the Board of Directors and who shall hold office until their
successors are elected and qualified.&#160;&#160;In addition, the Board of
Directors may elect one or more Vice-Presidents and such Assistant Secretaries
and Assistant Treasurers as they may deem proper.&#160;&#160;None of the
officers of the Corporation need be directors.&#160;&#160;More than two offices
may be held by the same person.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 2.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OTHER
OFFICERS AND AGENTS.&#160;&#160;The Board of Directors may appoint such other
officers and agents as it may deem advisable, who shall hold their offices for
such terms and shall exercise such powers and perform such duties as shall be
determined from time to time by the Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 3.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CHAIRMAN.&#160;&#160;The
Chairman of the Board of Directors shall preside at all meetings of the Board of
Directors and shall have and perform such other duties as from time to time may
be assigned to him or her by the Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 4.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CHIEF
EXECUTIVE OFFICER.&#160;&#160;The Chief Executive Officer shall be the head of
the Corporation and shall have the general powers and duties of supervision and
management usually vested in the office of Chief Executive Officer of a
corporation.&#160;&#160;He or she shall preside at all meetings of the
stockholders if present thereat, and in the absence or non-election of the
Chairman of the Board of Directors, at all meetings of the Board of Directors,
and shall have general supervision, direction and control of the business of the
Corporation.&#160;&#160;Except as the Board of Directors shall authorize the
execution thereof in some other manner, he or she shall execute bonds, mortgages
and other contracts in behalf of the Corporation, and shall cause the seal to be
affixed to any instrument requiring it and when so affixed the seal shall be
attested by the signature of the Secretary or the Treasurer or an Assistant
Secretary or an Assistant Treasurer.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 5.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PRESIDENT.&#160;&#160;The
President shall have such powers and shall perform such duties as shall be
assigned to him or her by the Board of Directors and the Chief Executive
Officer.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 6.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">VICE-PRESIDENT.&#160;&#160;Each
Vice-President shall have such powers and shall perform such duties as shall be
assigned to him or her by the Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 7.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">TREASURER.&#160;&#160;The
Treasurer shall have the custody of the corporate funds and securities and shall
keep full and accurate account of receipts and disbursements in books belonging
to the Corporation.&#160;&#160;He or she shall deposit all moneys and other
valuables in the name and to the credit of the Corporation in such depositories
as may be designated by the Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Treasurer shall disburse the funds of the Corporation as may be ordered by the
Board of Directors, the Chief Executive Officer or the President, taking proper
vouchers for such disbursements.&#160;&#160;He or she shall render to the Chief
Executive Officer, the President and Board of Directors at the regular meetings
of the Board of Directors, or whenever they may request it, an account of all
his transactions as Treasurer and of the financial condition of the
Corporation.&#160;&#160;If required by the Board of Directors, he or she shall
give the Corporation a bond for the faithful discharge of his duties in such
amount and with such surety as the Board shall prescribe.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 8.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECRETARY.&#160;&#160;The
Secretary shall give, or cause to be given, notice of all meetings of
stockholders and directors, and all other notices required by law or by these
By-Laws, and in case of his absence or refusal or neglect so to do, any such
notice may be given by any person thereunto directed by the Chief Executive
Officer, the President, or by the directors, or stockholders, upon whose
requisition the meeting is called as provided in these By-Laws.&#160;&#160;He or
she shall record all the proceedings of the meetings of the Corporation and of
the Board of Directors in a book to be kept for that purpose, and shall perform
such other duties as may be assigned to him or her by the Board of Directors or
the President.&#160;&#160;He or she shall have custody of the seal of the
Corporation and shall affix the same to all instruments requiring it, when
authorized by the Board of Directors, the Chief Executive Officer or the
President, and attest the same.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 9.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ASSISTANT
TREASURERS AND ASSISTANT SECRETARIES.&#160;&#160;Assistant Treasurers and
Assistant Secretaries, if any, shall be elected and shall have such powers and
shall perform such duties as shall be assigned to them, respectively, by the
Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 10.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">REMOVAL.&#160;&#160;Any
officer of the Corporation may be removed at any time, with or without cause, by
the Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
V</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MISCELLANEOUS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 1.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CERTIFICATES
OF STOCK.&#160;&#160;A certificate of stock, signed by the Chief Executive
Officer, or the President or a Vice-President, and the Secretary or an Assistant
Secretary, shall be issued to each stockholder certifying the number and class
or series of shares owned by him or her in the Corporation.&#160;&#160;Any or
all of the signatures may be facsimiles.&#160;&#160;Certificates of stock of the
Corporation shall be of such form and device as the Board of Directors may from
time to time determine.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 2.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">LOST
CERTIFICATES.&#160;&#160;A new certificate of stock may be issued in the place
of any certificate theretofore issued by the Corporation, alleged to have been
lost or destroyed, and the Board of Directors may, in its discretion, require
the owner of the lost or destroyed certificate, or such owner&#8217;s legal
representatives, to give the Corporation a bond, in such sum as they may direct,
not exceeding double the value of the stock, to indemnify the Corporation
against any claim that may be made against it on account of the alleged loss of
any such certificate, or the issuance of any such new certificate.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 3.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">TRANSFER
OF SHARES.&#160;&#160;The shares of Stock of the Corporation shall be
transferable only upon its books by the holders thereof in person or by their
duly authorized attorneys or legal representatives, and upon such transfer the
old certificates shall be surrendered to the Corporation by the delivery thereof
to the person in charge of the stock and transfer books and ledgers, or to such
other person as the directors may designate, by whom they shall be cancelled,
and new certificates shall thereupon be issued.&#160;&#160;A record shall be
made of each transfer and whenever a transfer shall be made for collateral
security, and not absolutely, it shall be so expressed in the entry of the
transfer.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 4.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">STOCKHOLDERS
RECORD DATE.&#160;&#160;In order that the Corporation may determine the
stockholders entitled to notice of or to vote at any meeting of stockholders or
any adjournment thereof, or to express consent to corporate action in writing
without a meeting, or entitled to receive payment of any dividend or other
distribution or allotment of any rights, or entitled to exercise any rights in
respect of any change, conversion or exchange of stock or for the purpose of any
other lawful action, the Board of Directors may fix, in advance, a record date,
which shall not be more than sixty nor less than ten days before the date of
such meeting, nor more than sixty days prior to any other action.&#160;&#160;If
no record date is fixed, the record date for determining stockholders entitled
to notice of or to vote at a meeting of stockholders shall be at the close of
business on the day next preceding the day on which notice is given, or, if
notice is waived, at the close of business on the day next preceding the day on
which the meeting is held, and the record date for determining stockholders for
any other purpose shall be at the close of business on the day on which the
Board of Directors adopts the resolution relating thereto.&#160;&#160;A
determination of stockholders of record entitled to notice of or to vote at a
meeting of stockholders shall apply to any adjournment or postponement of the
meeting; provided, however,&#160;&#160;that the Board of Directors may fix a new
record date for the adjourned or postponed meeting.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 5.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DIVIDENDS.&#160;&#160;Subject
to the provisions of the Certificate of Incorporation, the Board of Directors
may, out of funds legally available therefor at any regular or special meeting,
declare dividends upon the capital stock of the Corporation as and when they
deem expedient.&#160;&#160;Before declaring any dividend there may be set apart,
out of any funds of the Corporation available for dividends, such sum or sums as
the directors from time to time in their discretion deem proper for working
capital or as a reserve fund to meet contingencies or for such other purposes as
the directors shall deem conducive to the interests of the
Corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 6.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SEAL.&#160;&#160;The
corporate seal shall be circular in form and shall contain the name of the
Corporation, the year of its creation and the words &#8220;CORPORATE SEAL DELAWARE.&#8221;
Said seal may be used by causing it or a facsimile thereof to be impressed or
affixed or reproduced or otherwise.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 7.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FISCAL
YEAR.&#160;&#160;The fiscal year of the Corporation shall be determined by
resolution of the Board of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 8.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CHECKS.&#160;&#160;All
checks, drafts or other orders for the payment of money, notes or other
evidences of indebtedness issued in the name of the Corporation shall be signed
by such officer or officers, agent or agents of the Corporation, and in such
manner as shall be determined from time to time by resolution of the Board of
Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 9.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTICE
AND WAIVER OF NOTICE.&#160;&#160;Whenever any notice is required by these
By-Laws to be given to the stockholders of the Corporation, personal notice is
not meant unless expressly so stated, and any notice so required shall be deemed
to be sufficient if given by depositing the same in the United States mail,
postage prepaid, addressed to the person entitled thereto at his address as it
appears on the records of the Corporation, and such notice shall be deemed to
have been given on the day of such mailing.&#160;&#160;Stockholders not entitled
to vote shall not be entitled to receive notice of any meetings except as
otherwise provided by law.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Whenever
any notice whatever is required to be given under the provisions of any law, or
under the provisions of the Certificate of Incorporation of the Corporation or
these By-Laws, a waiver thereof in writing, signed by the person or persons
entitled to said notice, whether before or after the time stated therein, shall
be deemed equivalent thereto.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
10.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">VOTING OF
SHARES IN OTHER CORPORATION&#160;&#160;Shares in other corporations which are
held by the Corporation may be represented and voted by the Chairman, the Chief
Executive Officer, the President, a Vice President or the Treasurer, by proxy or
proxies appointed by one of then.&#160;&#160;The Board of Directors may,
however, appoint some other person to vote the shares.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
VI</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INDEMNIFICATION
AND INSURANCE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 1.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
person who was or is made a party or is threatened to be made a party to or is
involved in any action, suit, claim or proceeding, whether civil, criminal,
administrative or investigative (hereinafter a &#8220;proceeding&#8221;), by reason of the
fact that he or she or a person of whom he or she is the legal representative is
or was, at any time during which these By-laws are in effect (whether or not
such person continues to serve in such capacity at the time any indemnification
or payment of expenses pursuant hereto is sought or at the time any proceeding
relating thereto exists or is brought), a director or officer of the Corporation
or is or was serving at the request of the Corporation as a director, officer,
employee or agent of another corporation or of a partnership, joint venture,
trust or other enterprise, including service with respect to employee benefit
plans maintained or sponsored by the Corporation, whether the basis of such
proceeding is alleged action in an official capacity as a director, officer,
employee or agent or in any other capacity while serving as a director, officer,
employee or agent, shall be indemnified and held harmless by the Corporation to
the fullest extent authorized by the General Corporation Law of the State of
Delaware as the same exists or may hereafter be amended (but, in the case of any
such amendment, only to the extent that such amendment permits the Corporation
to provide broader indemnification rights than said law permitted the
Corporation to provide prior to such amendment), against all expense, liability
and loss (including attorneys&#8217; fees, judgments, fines, ERISA excise taxes or
penalties and amounts paid or to be paid in settlement) reasonably incurred or
suffered by such person in connection therewith and such indemnification shall
continue as to a person who has ceased to be a director, officer, employee or
agent and shall inure to the benefit of his or her heirs, executors and
administrators; provided, however, that except as provided in Section 3 of this
Article VI, the Corporation shall indemnify any such person seeking
indemnification in connection with a proceeding (or part thereof) initiated by
such person only if such proceeding (or part thereof) was authorized by the
Board of Directors.&#160;&#160;The right to indemnification conferred in this
Article VI shall be a contract right that vests at the time of such person&#8217;s
service to or at the request of the Corporation and such rights shall continue
as to an indemnitee who has ceased to be a director, officer, trustee, employee
or agent and shall inure to the benefit of the indemnitee's heirs, executors and
administrators.&#160;&#160;The right to indemnification shall include the right
to be paid by the Corporation the expenses incurred in defending any such
proceeding in advance of its final disposition, such advances to be paid by the
Corporation within 20 days after the receipt by the Corporation of a statement
or statements from the claimant requesting such advance or advances from time to
time; provided, however, that if the General Corporation Law of the State of
Delaware requires, the payment of such expenses incurred by a director or
officer in his or her capacity as a director or officer (and not in any other
capacity in which service was or is rendered by such person while a director or
officer, including, without limitation, service to an employee benefit plan) in
advance of the final disposition of a proceeding, shall be made only upon
delivery to the Corporation of an undertaking by or on behalf of such director
or officer, to repay all amounts so advanced if it shall ultimately be
determined that such director or officer is not entitled to be indemnified under
this Article VI or otherwise.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 2.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To obtain
indemnification under this Article VI, a claimant shall submit to the
Corporation a written request, including therein or therewith such documentation
and information as is reasonably available to the claimant and is reasonably
necessary to determine whether and to what extent the claimant is entitled to
indemnification.&#160;&#160;Upon written request by a claimant for
indemnification pursuant to the first sentence of this Section 2, a
determination, if required by applicable law, with respect to the claimant&#8217;s
entitlement thereto shall be made as follows: (1) if requested by the claimant,
by Independent Counsel (as hereinafter defined), or (2) if no request is made by
the claimant for a determination by Independent Counsel, (i) by the Board of
Directors by a majority vote of a quorum consisting of Disinterested Directors
(as hereinafter defined), or (ii) if a quorum of the Board of Directors
consisting of Disinterested Directors is not obtainable or, even if obtainable,
such quorum of Disinterested Directors so directs, by Independent Counsel in a
written opinion to the Board of Directors, a copy of which shall be delivered to
the claimant, or (iii) if a quorum of Disinterested Directors so directs, by the
stockholders of the Corporation.&#160;&#160;In the event the determination of
entitlement to indemnification is to be made by Independent Counsel at the
request of the claimant, the Independent Counsel shall be selected by the Board
of Directors unless there shall have occurred within two years prior to the date
of the commencement of the action, suit or proceeding for which indemnification
is claimed a &#8220;Change of Control&#8221; as defined in the BorgWarner
Inc.&#160;&#160;Amended and Restated 2004 Stock Incentive Plan, as amended (as
such plan shall exist as of the date of adoption of these Amended and Restated
By-laws), in which case the Independent Counsel shall be selected by the
claimant unless the claimant shall request that such selection be made by the
Board of Directors.&#160;&#160;If it is so determined that the claimant is
entitled to indemnification, payment to the claimant shall be made within 10
days after such determination.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 3.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If a
claim under Section 1 of this Article VI is not paid in full by the Corporation
within thirty days after a written claim pursuant to Section 2 of this Article
VI has been received by the Corporation, the claimant may at any time thereafter
bring suit against the Corporation to recover the unpaid amount of the claim
and, if successful in whole or in part, the claimant shall be entitled to be
paid also the expense of prosecuting such claim.&#160;&#160;It shall be a
defense to any such action (other than an action brought to enforce a claim for
expenses incurred in defending any proceeding in advance of its final
disposition where the required undertaking, if any is required, has been
tendered to the Corporation) that the claimant has not met the standard of
conduct which makes it permissible under the General Corporation Law of the
State of Delaware for the Corporation to indemnify the claimant for the amount
claimed, but the burden of proving such defense shall be on the
Corporation.&#160;&#160;Neither the failure of the Corporation (including its
Board of Directors, Independent Counsel or stockholders) to have made a
determination prior to the commencement of such action that indemnification of
the claimant is proper in the circumstances because he or she has met the
applicable standard of conduct set forth in the General Corporation Law of the
State of Delaware, nor an actual determination by the Corporation (including its
Board of Directors, Independent Counsel or stockholders) that the claimant has
not met such applicable standard of conduct, shall be a defense to the action or
create a presumption that the claimant has not met the applicable standard of
conduct.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 4.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If a
determination shall have been made pursuant to Section 2 of this Article VI that
the claimant is entitled to indemnification, the Corporation shall be bound by
such determination in any judicial proceeding commenced pursuant to Section 3 of
this Article VI.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 5.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Corporation shall be precluded from asserting in any judicial proceeding
commenced pursuant to Section 3 of this Article VI that the procedures and
presumptions of this Article VI are not valid, binding and enforceable and shall
stipulate in such proceeding that the Corporation is bound by all the provisions
of this Article VI.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 6.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The right
to indemnification and the payment of expenses incurred in defending a
proceeding in advance of its final disposition conferred in this Article VI
shall not be exclusive of any other right which any person may have or hereafter
acquire under any statute, provision of the Certificate of Incorporation,
By-Laws, agreement, vote of stockholders or Disinterested Directors or
otherwise.&#160;&#160;No repeal or modification of this Article VI shall in any
way diminish or adversely affect the rights of any director, officer, employee
or agent of the Corporation hereunder in respect of any occurrence or matter
arising prior to any such repeal or modification and cannot be terminated by the
Corporation, the Board of Directors or the stockholders of the Corporation with
respect to a person&#8217;s service prior to the date of such
termination.&#160;&#160;Any amendment, modification, alteration or repeal of
this By-Law that in any way diminishes, limits, restricts, adversely affects or
eliminates any right of an indemnitee or his or her successors to
indemnification, advancement of expenses or otherwise shall be prospective only
and shall not in any way diminish, limit, restrict, adversely affect or
eliminate any such right with respect to any actual or alleged state of facts,
occurrence, action or omission then or previously existing, or any action, suit
or proceeding previously or thereafter brought or threatened based in whole or
in part upon any such actual or alleged state of facts, occurrence, action or
omission.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 7.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Corporation may maintain insurance, at its expense, to protect itself and any
current or former director, officer, employee or agent of the Corporation or
another corporation, partnership, joint venture, trust or other enterprise
against any expense, liability or loss, whether or not the Corporation would
have the power to indemnify such person against such expense, liability or loss
under the General Corporation Law of the State of Delaware.&#160;&#160;To the
extent that the Corporation maintains any policy or policies providing such
insurance, each such current or former director or officer, and each such agent
or employee to which rights to indemnification have been granted as provided in
Section 8 of this Article VI, shall be covered by such policy or policies in
accordance with its or their terms to the maximum extent of the coverage there
under for any such director, officer, employee or agent.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 8.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Corporation may, to the extent authorized from time to time by the Board of
Directors, grant rights to indemnification, and rights to be paid by the
Corporation the expenses incurred in defending any proceeding in advance of its
final disposition, to any current or former employee or agent or class of
employees or agents of the Corporation (including the heirs, executors,
administrators or estate of each such person) to the fullest extent of the
provisions of this Article VI with respect to the indemnification and
advancement of expenses of current or former directors and officers of the
Corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 9.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If any
provision or provisions of this Article VI shall be held to be invalid, illegal
or unenforceable for any reason whatsoever: (1) the validity, legality and
enforceability of the remaining provisions of this Article VI (including,
without limitation, each portion of any paragraph of this Article VI containing
any such provision held to be invalid, illegal or unenforceable, that is not
itself held to be invalid, illegal or unenforceable) shall not in any way be
affected or impaired thereby; and (2) to the fullest extent possible, the
provisions of this Article VI (including, without limitation, each such portion
of any paragraph of this Article VI containing any such provision held to be
invalid, illegal or unenforceable) shall be construed so as to give effect to
the intent manifested by the provision held invalid, illegal or
unenforceable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 10.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
purposes of this Article VI:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(a)</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Disinterested
Director&#8221; means a director of the Corporation who is not and was not a party to
the matter in respect of which indemnification is sought by the
claimant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">(b)</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Independent
Counsel&#8221; means a law firm, a member of a law firm, or an independent
practitioner, that is experienced in matters of corporation law and shall
include any person who, under the applicable standards of professional conduct
then prevailing, would not have a conflict of interest in representing either
the Corporation or the claimant in an action to determine the claimant&#8217;s rights
under this Article VI.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">SECTION 11.</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
notice, request or other communication required or permitted to be given to the
Corporation under this Article VI shall be in writing and either delivered in
person or sent by telecopy, telex, telegram, overnight mail or courier service,
or certified or registered mail, postage prepaid, return receipt requested, to
the Secretary of the Corporation and shall be effective only upon receipt by the
Secretary.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ARTICLE
VII</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AMENDMENTS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">These
By-Laws may be altered, amended or repealed, and any By-Laws may be made, at any
annual meeting of the stockholders or at any special meeting thereof if notice
of the proposed alteration or repeal of the By-Laws, or of the By-Laws to be
made, is contained in the notice of such meeting, by the affirmative vote of the
holders of at least 80% of the voting power of the then outstanding Voting
Stock, or by the affirmative vote of a majority of the total number of
directors, at any regular meeting of the Board of Directors, or at any special
meeting of the Board of Directors, if notice of the proposed alteration or
repeal, or of the By-Laws to be made, is contained in the notice of such special
meeting.</font></div>
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VIII</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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TRANSMISSIONS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">&#160;</div>
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in these By-Laws, the terms &#8220;written&#8221; and &#8220;in writing&#8221; shall include any
&#8220;electronic transmission&#8221; (as defined in Section 232(c) of the Delaware General
Corporation Law, as amended), including, without limitation, any telegram,
cablegram, datagram, facsimile transmission and communication by electronic
mail.</font></div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>opinionmcps.htm
<DESCRIPTION>MILLER CANFIELD OPINION AND CONSENT EXH. 5.1 AND 23.2
<TEXT>
<html>
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    <title>opinionmcps.htm</title>
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    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; tab-stops: 37.05pt"><font size="3">Exhibit 5.1/23.2</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; tab-stops: 37.05pt" align="center"><font size="3">&#160;</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; tab-stops: 37.05pt" align="center"><font size="3">&#160;</font></div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; tab-stops: 37.05pt" align="center"><font size="3">Opinion of Miller, Canfield, Paddock and Stone,
P.L.C.</font></div>
    <div><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">December 21,
2009</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">BorgWarner
Inc.</font></div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">3850 Hamlin
Road</font></div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">Auburn Hills,
Michigan 48326</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">Re:
Registration of Shares on Form S-3</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">Ladies and
Gentlemen:</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; We
have acted as your counsel in connection with the Registration Statement on Form
S-3 (the &#8220;Registration Statement&#8221;) filed with the Securities and Exchange
Commission under the Securities Act of 1933 (the &#8220;1933 Act&#8221;) for the
registration of 500,000 shares (the &#8220;Shares&#8221;) of Common Stock, par value $0.01
per share, of BorgWarner Inc., a Delaware corporation (the &#8220;Company&#8221;). The
Shares are issuable under the Company&#8217;s Dividend Reinvestment and Stock Purchase
Plan (the &#8220;Plan&#8221;).</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; You
have requested our opinion as to the matters set forth below in connection with
the Registration Statement. For purposes of rendering that opinion, we have
examined the Registration Statement, the Company&#8217;s Certificate of Incorporation,
and Bylaws, the Plan and the corporate action of the Company adopting the Plan,
and we have made such other investigation as we have deemed appropriate. We have
examined and relied upon certificates of public officials and, as to certain
matters of fact that are material to our opinion; we have also relied on a
certificate of an officer of the Company. In rendering our opinion, we also have
made the assumptions that are customary in opinion letters of this kind. We have
not verified any of those assumptions.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Our
opinion set forth below is limited to the law of the State of
Delaware.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Based
upon and subject to the foregoing, it is our opinion that the Shares, when and
if issued and delivered against payment therefor in accordance with the Plan,
will be validly issued, fully paid and nonassessable.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
opinion expressed herein is limited to the matters specifically set forth herein
and no other opinion shall be inferred beyond the matters expressly stated. We
assume no obligation to supplement this opinion if any applicable law changes
after the date hereof or if we become aware of any fact that might change the
opinion expressed herein after the date hereof.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This
opinion is being furnished to you for submission to the Commission as an exhibit
to the Registration Statement. We hereby consent to the filing of this opinion
as an exhibit to the Registration Statement and to the use of the name of our
firm therein. In giving this consent, we do not admit that we are within the
category of persons whose consent is required by Section 7 of the 1933 Act or
the rules and regulations thereunder.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div>
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              <div>&#160;</div>
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              <div style="MARGIN: 0in 0in 0pt"><font size="3">Yours&#160;
      truly</font></div>
              <div>&#160;</div>
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              <div>&#160;</div>
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              <div>&#160;</div>
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              <div>&#160;</div>
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              <div>&#160;</div>
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              <div>&#160;</div>
            </td>
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 720px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
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              <div>&#160;</div>
            </td>
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            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 710px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
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              <div>&#160;</div>
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              <div style="MARGIN: 0in 0in 0pt"><font size="3">/s/ Miller, Canfield,
      Paddock and Stone, P.L.C.</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 5; MSO-YFTI-LASTROW: yes;">
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    <div>&#160;</div><br clear="all"></body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>dtconsent.htm
<DESCRIPTION>CONSENT OF DELOITTE &AMP; TOUCHE
<TEXT>
<html>
<head>
    <title>dtconsent.htm</title>
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    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; tab-stops: 37.05pt" align="right"><font size="3">Exhibit 23.1</font></div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; tab-stops: 37.05pt" align="center">&#160;</div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; tab-stops: 37.05pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</font></font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; We
consent to the incorporation by reference in this Registration Statement for
BorgWarner Inc. Dividend Reinvestment and Stock Purchase Plan on Form S-3 of our
reports dated February 12, 2009, relating to the 2008 and 2007 financial
statements (before retrospective adjustments to the consolidated financial
statements) of BorgWarner Inc. and Consolidated Subsidiaries (the &#8220;Company&#8221;)
(not presented herein) (which reports express an unqualified opinion and
included an explanatory paragraph regarding the Company&#8217;s changes in its method
of accounting in 2007 for income taxes as a result of adopting FASB
Interpretation No. 48, <font style="DISPLAY: inline; FONT-STYLE: italic">Accounting for Uncertainty in Income
Taxes</font>), and the effectiveness of the Company&#8217;s internal control over
financial reporting, appearing in the Annual Report on Form 10-K of the Company
for the year ended December 31, 2008, and to the reference to us under the
heading &#8220;Experts&#8221; in the Prospectus, which is part of this Registration
Statement.</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
    <div>
      <table border="0" cellpadding="0" cellspacing="0" width="516" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr style="MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
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              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 1;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 408px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
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            </td>
          </tr><tr style="MSO-YFTI-IROW: 2;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 408px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">/s/ DELOITTE &amp; TOUCHE
      LLP</font></div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 3;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 408px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">Detroit,
      Michigan</font></div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 4;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 408px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font size="3">December 22,
      2009</font></div>
              <div>&#160;</div>
            </td>
          </tr><tr style="MSO-YFTI-IROW: 5; MSO-YFTI-LASTROW: yes;">
            <td valign="top" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 408px; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
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              <div>&#160;</div>
            </td>
          </tr></table>
    </div>
    <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt"><font size="3">&#160;</font></div>
    <div>&#160;</div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>5
<FILENAME>poa.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<html>
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    <title>poa.htm</title>
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      <div>&#160;</div>
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      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; tab-stops: 37.05pt">Each
person whose signature appears below hereby authorizes Timothy M. Manganello,
Robin&#160;J. Adams and John J. Gasparovic, and each of them, as
attorney-in-fact and agents, each with full power of substitution and
resubstitution, to sign on his or her behalf, individually and in each capacity
stated below, any amendment, including post-effective amendments to this
registration statement, and to file the same, with all exhibits thereto, and all
documents in connection therewith, with the SEC hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them or their substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; tab-stops: 37.05pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed below by the following persons in the capacities and
on the date indicated.</div>
      <div>&#160;</div>
    </div>
    <div>
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<tr>
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              <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            </tr><tr>
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              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr></table>
      </div>
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    <div>
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<tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="top" width="2%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="43%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
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            <td valign="top" width="5%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="20%">
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          </tr><tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="43%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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          </tr><tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">David
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr><tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr><tr>
            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
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            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
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            </td>
          </tr><tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Dennis
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          </tr><tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
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            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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