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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001104659-01-501306.txt : 20010813
<SEC-HEADER>0001104659-01-501306.hdr.sgml : 20010813
ACCESSION NUMBER:		0001104659-01-501306
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010630
FILED AS OF DATE:		20010810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENNANT CO
		CENTRAL INDEX KEY:			0000097134
		STANDARD INDUSTRIAL CLASSIFICATION:	REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580]
		IRS NUMBER:				410572550
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16191
		FILM NUMBER:		1703103

	BUSINESS ADDRESS:	
		STREET 1:		701 N LILAC DR
		STREET 2:		P O BOX 1452
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55440
		BUSINESS PHONE:		6125401200

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TENNANT G H CO
		DATE OF NAME CHANGE:	19700515
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>j1368_10q.htm
<DESCRIPTION>10-Q
<TEXT>
<html>

<head>
<title>Prepared by MerrillDirect</title>
</head>

<body>

<div>




<hr size=2 width="100%" noshade color=black align=right>






<hr size=1 width="100%" noshade color=black align=right>



<p align=center><b><font size=5>FORM 10-Q</font></b></p>

<p align=center><b><font size=5>SECURITIES AND EXCHANGE
COMMISSION</font></b></p>

<p align=center><b><font size=2>Washington, D.C.&nbsp;
20549</font></b></p>

<p align=center><b><font size=3>Quarterly Report
Under Section 13 or 15 (d)<br>
of the Securities Exchange Act of 1934</font></b></p>

<p><b><font size=2>&nbsp;</font></b></p>

<p align=center><b><font size=2>For Quarter Ended June 30, 2001<br>
Commission File No. 04804</font></b></p>

<p><b><font size=2>&nbsp;</font></b></p>

<p align=center><b><font size=5>TENNANT COMPANY</font></b></p>

<div align=center>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td  align=center width="50%" valign=top><font size=2>Incorporated in
  Minnesota</font></td>
  <td  align=center width="50%" valign=top><font size=2>IRS Emp Id No.
  410572550</font></td>
 </tr>
</table>

</div>

<p align=center><font size=2>701
North Lilac Drive<br>
P.O. Box 1452<br>
Minneapolis, Minnesota&nbsp; 55440<br>
Telephone No. 763-540-1200</font></p>

<p><font size=2>Indicate by check mark whether the
registrant (1) has filed all reports required to be filed by Section 13 or 15
(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.&nbsp; Yes&nbsp; </font><font size=2 face=Wingdings>&#253;</font><font size=2>&nbsp;&nbsp; No&nbsp; </font><font size=2 face=Wingdings>o</font></p>

<p><font size=2>The number of shares outstanding of
Registrant&#146;s common stock, par value $.375 on June 30, 2001, was 9,082,651.</font></p>





<hr size=1 width="100%" noshade color=black align=right>






<hr size=2 width="100%" noshade color=black align=right>



<p><font size=2>&nbsp;</font></p>

<page>


<p><font size=2>TENNANT COMPANY<br>
Quarterly Report - Form 10-Q</font></p>

<p><u><font size=2>CONSOLIDATED STATEMENTS
OF EARNINGS (Unaudited)<br>
</font></u><font size=2>(in millions, except per share amounts)</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="35%" colspan=2 valign=bottom><h3>&nbsp;</h3></td>
  <td  align=center width="30%" colspan=5 valign=bottom><font   size=2>Three
  Months<br>
  Ended June 30</font></td>
  <td width="1%" valign=bottom><h3>&nbsp;</h3></td>
  <td  align=center width="30%" colspan=5 valign=bottom><font   size=2>Six
  Months<br>
  Ended June 30</font></td>
  <td width="1%" valign=bottom><h3>&nbsp;</h3></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><h3>&nbsp;</h3></td>
  <td width="30%" colspan=5 valign=bottom><h3 align=right><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></h3><h3></h3></td>
  <td width="1%" valign=bottom><h3>&nbsp;</h3></td>
  <td width="30%" colspan=5 valign=bottom><h3 align=right><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></h3><h3></h3></td>
  <td width="1%" valign=bottom><h3>&nbsp;</h3></td>
 </tr>
 <tr>
  <td  align=center width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Net sales</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>110.7</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>115.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>214.4</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>223.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><font size=2>Less:</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="3%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="31%" valign=bottom bgcolor="#cceeff"><font size=2>Cost of sales</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>70.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>68.4</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>134.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>132.8</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="3%" valign=bottom>&nbsp;</td>
  <td width="31%" valign=bottom><font size=2>Selling and
  administrative expenses</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>33.9</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>34.6</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>68.7</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>70.0</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="3%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="31%" valign=bottom bgcolor="#cceeff"><font size=2>Restructuring charges</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>4.9</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>10.0</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><font size=2>Profit from operations</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>1.6</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>12.1</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>1.4</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>20.7</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><font size=2>Interest income, net</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>0.2</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>0.4</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>0.1</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Other income (expense)</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(0.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(0.2</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.2</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(0.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><font size=2>Earnings before income
  taxes</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>1.7</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>11.9</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>2.0</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>20.5</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Income tax expense</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.4</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>4.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>7.4</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><font size=2>Net earnings</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>1.3</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>7.6</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>1.5</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>13.1</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Per share:</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Basic earnings</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>.14</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>.84</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>.16</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>1.44</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><font size=2>Diluted earnings</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>.14</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>.83</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>.16</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>1.43</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Dividends</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>.20</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>.19</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>.40</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>.38</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Weighted average
  number of shares:</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Basic</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.08</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.07</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.09</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.10</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="35%" colspan=2 valign=bottom><font size=2>Diluted</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>9.23</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>9.11</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>9.23</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>9.13</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
</table>

<p><font size=2>&nbsp;</font></p>

<p><font size=2>See accompanying notes to consolidated
financial statements.</font></p>

<p><font size=2>&nbsp;</font></p>

<page>


<p><font size=2>TENNANT COMPANY<br>
Quarterly Report - Form 10-Q</font></p>

<p><u><font size=2>CONSOLIDATED BALANCE
SHEETS <br>
</font></u><font size=2>(in millions)</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>ASSETS</font></td>
  <td  align=center width="17%" colspan=2 valign=bottom><font   size=2>(Unaudited)<br>
  June 30, 2001</font></td>
  <td  align=center width="0%" valign=bottom>&nbsp;</td>
  <td  align=center width="17%" colspan=2 valign=bottom><font   size=2>December
  31, 2000</font></td>
  <td  align=center width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Cash and cash
  equivalents</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom bgcolor="#cceeff"><font   size=2>15.4</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom bgcolor="#cceeff"><font   size=2>21.5</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Receivables</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>89.9</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>92.5</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Less allowance for
  doubtful accounts</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(4.8</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(4.2</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="3%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="58%" valign=bottom><font size=2>Net receivables</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>85.1</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>88.3</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Inventories</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>50.8</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>51.9</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Prepaid expenses</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>2.7</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>1.7</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Deferred income taxes,
  current portion</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>8.2</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>8.2</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom><font size=2>Total current assets</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>162.2</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>171.6</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Property, plant and
  equipment</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>190.5</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>183.9</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Less accumulated
  depreciation</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(122.7</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(117.2</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="3%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="58%" valign=bottom><font size=2>Net property, plant
  and equipment</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>67.8</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>66.7</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Deferred income taxes,
  long-term portion</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>6.5</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>4.3</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Intangible assets, net</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>17.0</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>17.7</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Other assets</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>3.1</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>3.0</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom><font size=2>Total assets</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom><font   size=2>256.6</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom><font   size=2>263.3</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>LIABILITIES &amp;
  SHAREHOLDERS' EQUITY</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>LIABILITIES</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Current debt</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom bgcolor="#cceeff"><font   size=2>13.5</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom bgcolor="#cceeff"><font   size=2>12.6</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Accounts payable</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>16.0</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>17.8</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Accrued expenses</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>32.0</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>36.9</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom><font size=2>Total current
  liabilities</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>61.5</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>67.3</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Long-term debt</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>10.0</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>10.0</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Long-term
  employee-related benefits</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>31.3</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>31.1</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom><font size=2>Total liabilities</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>102.8</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>108.4</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>SHAREHOLDERS' EQUITY</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Common stock</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>3.4</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>3.4</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Additional paid-in
  capital</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>2.3</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>1.5</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Common stock
  subscribed</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>&#150;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.4</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Unearned restricted
  shares</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>(0.6</font></td>
  <td width="0%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>(0.9</font></td>
  <td width="0%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Retained earnings</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>164.1</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>166.3</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom><font size=2>Accumulated other
  comprehensive loss (equity adjustment from foreign currency translation)</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>(7.3</font></td>
  <td width="0%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>(6.9</font></td>
  <td width="0%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Receivable from ESOP</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(8.1</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(8.9</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom><font size=2>Total shareholders'
  equity</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>153.8</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="17%" colspan=2 valign=bottom><font   size=2>154.9</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="60%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Total liabilities and
  shareholders' equity</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom bgcolor="#cceeff"><font   size=2>256.6</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="17%" valign=bottom bgcolor="#cceeff"><font   size=2>263.3</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="62%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td  align=right width="17%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
 </tr>

<!-- DO NOT remove the following table row. It is needed for  .               the proper rendering of tables containing misaligned cells.-->
 <tr height=0>
  <td width=13></td>
  <td width=13></td>
  <td width=422></td>
  <td width=5></td>
  <td width=125></td>
  <td width=7></td>
  <td width=5></td>
  <td width=125></td>
  <td width=6></td>
 </tr>
</table>

<p><font size=2>See accompanying notes to consolidated
financial statements.</font></p>

<p><font size=2>&nbsp;</font></p>

<page>


<p><font size=2>TENNANT COMPANY<br>
Quarterly Report - Form 10-Q</font></p>

<p><u><font size=2>CONSOLIDATED STATEMENTS
OF CASH FLOWS (Unaudited)<br>
</font></u><font size=2>(in millions)</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td  align=center width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=center width="42%" colspan=5 valign=bottom><font   size=2>Six
  Months Ended June 30</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td  align=center width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=center width="42%" colspan=5 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td  align=center width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=center width="20%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="20%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom bgcolor="#cceeff"><font size=2>CASH FLOWS RELATED TO
  OPERATING ACTIVITIES:</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom><font size=2>Net earnings</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="19%" valign=bottom><font   size=2>1.5</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="19%" valign=bottom><font   size=2>13.1</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom><font size=2>Adjustments to net
  earnings to arrive at operating cash flows:</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="3%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="52%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Depreciation and
  amortization</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>10.0</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="3%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="52%" colspan=2 valign=bottom><font size=2>Deferred tax expense
  (benefit)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(2.4</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(0.2</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="3%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="52%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Changes in operating
  assets and liabilities</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(3.2</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(4.7</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="3%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="52%" colspan=2 valign=bottom><font size=2>Other, net</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>1.5</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>1.0</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="3%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="52%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="5%" colspan=3 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="51%" valign=bottom bgcolor="#cceeff"><font size=2>Net cash flows related
  to operating activities</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>7.4</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>18.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom bgcolor="#cceeff"><font size=2>CASH FLOWS RELATED TO
  INVESTING ACTIVITIES:</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom><font size=2>Acquisition of
  property, plant and equipment</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(11.7</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(9.6</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Proceeds from
  disposals of property, plant and equipment</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.6</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom><font size=2>Other, net</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(1.0</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="5%" colspan=3 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="51%" valign=bottom bgcolor="#cceeff"><font size=2>Net cash flows related
  to investing activities</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(11.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(10.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom bgcolor="#cceeff"><font size=2>CASH FLOWS RELATED TO
  FINANCING ACTIVITIES:</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom><font size=2>Net changes in
  short-term borrowings</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>1.1</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(1.5</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Issuance (payments) of
  long-term borrowings</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(5.0</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom><font size=2>Proceeds from issuance
  of common stock</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>1.0</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>1.1</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Purchases of common
  stock</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(1.7</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(2.2</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom><font size=2>Dividends paid</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(3.6</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(3.4</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Principal payment from
  ESOP</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.8</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>0.7</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="54%" colspan=3 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="5%" colspan=3 valign=bottom>&nbsp;</td>
  <td width="51%" valign=bottom><font size=2>Net cash flows related
  to financing activities</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(2.4</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(10.3</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom><font size=2>Effect of exchange
  rate changes on cash</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom><font   size=2>(0.1</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom bgcolor="#cceeff"><font size=2>Net decrease in cash
  and cash equivalents</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(6.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(2.2</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom bgcolor="#cceeff"><font size=2>Cash and cash
  equivalents at beginning of year</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>21.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>14.9</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom><font size=2>Cash and cash
  equivalents at end of period</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="19%" valign=bottom><font   size=2>15.4</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="19%" valign=bottom><font   size=2>12.7</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="56%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="20%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>

<!-- DO NOT remove the following table row. It is needed for  .               the proper rendering of tables containing misaligned cells.-->
 <tr height=0>
  <td width=13></td>
  <td width=13></td>
  <td width=13></td>
  <td width=369></td>
  <td width=7></td>
  <td width=142></td>
  <td width=8></td>
  <td width=7></td>
  <td width=142></td>
  <td width=8></td>
 </tr>
</table>


<p><font size=2>See
accompanying notes to consolidated financial statements.</font></p>


<p><font size=2>&nbsp;</font></p>

<page>


<p><font size=2>TENNANT COMPANY<br>
Quarterly Report - Form 10-Q</font></p>

<p><font size=2>NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=37 valign=top><font size=2>(1)</font></td>
  <td width=698 valign=top><font size=2>In
  the Company&#146;s opinion, the accompanying unaudited consolidated financial
  statements contain all adjustments (consisting of only normal recurring
  adjustments, except as noted elsewhere in the notes to the consolidated
  financial statements) necessary to present fairly its financial position as
  of June 30, 2001 and the results of its operations for the three and six
  months ended June 30, 2001 and 2000, and cash flows for the six months ended
  June 30, 2001 and 2000.&nbsp; These
  statements are condensed and therefore, do not include all of the information
  and note disclosures required by accounting principles generally accepted in
  the United States of America for complete financial statements.&nbsp; The statements should be read in
  conjunction with the consolidated financial statements and notes included in
  the Company&#146;s Annual Report on Form 10-K for the year ended December 31,
  2000.&nbsp; The results of operations for
  the three and six months ended June&nbsp;30, 2001 are not necessarily
  indicative of the results to be expected for the full year.</font></td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=37 valign=top><font size=2>(2)</font></td>
  <td width=698 valign=top><font size=2>Inventories</font></td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top><font size=2>Inventories
  are valued at the lower of cost (principally on a last-in, first-out basis)
  or market.&nbsp; The composition of
  inventories at June 30, 2001, and December 31, 2000, was as follows:</font></td>
 </tr>
</table>

<p><font size=2>&nbsp;</font></p>

<dir>
<table border=0 cellspacing=0 cellpadding=0 width="80%">
 <tr>
  <td  align=center width="44%" colspan=2 valign=bottom><font   size=2>(in
  millions)</font></td>
  <td  align=center width="25%" colspan=2 valign=bottom><font   size=2>June
  30,<br>
  2001</font></td>
  <td  align=center width="2%" valign=bottom>&nbsp;</td>
  <td  align=center width="25%" colspan=2 valign=bottom><font   size=2>December
  31,<br>
  2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="44%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="2%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="44%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>FIFO Inventories:</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="2%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="2%" valign=bottom>&nbsp;</td>
  <td width="42%" valign=bottom><font size=2>Finished goods</font></td>
  <td width="1%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="24%" valign=bottom><font   size=2>34.6</font></td>
  <td width="2%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="24%" valign=bottom><font   size=2>33.0</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="2%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="42%" valign=bottom bgcolor="#cceeff"><font size=2>Raw materials, parts
  and work-in-process</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>35.0</font></td>
  <td width="2%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>37.7</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="44%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="2%" valign=bottom>&nbsp;</td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="44%" colspan=2 valign=bottom><font size=2>Total FIFO Inventories</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom><font   size=2>69.6</font></td>
  <td width="2%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom><font   size=2>70.7</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="44%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>LIFO reserve</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(18.8</font></td>
  <td width="2%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="25%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(18.8</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="44%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="2%" valign=bottom>&nbsp;</td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="2%" valign=bottom>&nbsp;</td>
  <td width="42%" valign=bottom><font size=2>LIFO inventories</font></td>
  <td width="1%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="24%" valign=bottom><font   size=2>50.8</font></td>
  <td width="2%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="24%" valign=bottom><font   size=2>51.9</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="44%" colspan=2 valign=bottom>&nbsp;</td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="2%" valign=bottom>&nbsp;</td>
  <td  align=right width="25%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
</table>
</dir>

<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=37 valign=top><font size=2>(3)</font></td>
  <td width=698 valign=top><font size=2>Supplemental
  Cash Flow Information</font></td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top><font size=2>Income
  taxes paid during the six months ended June 30, 2001, and 2000 were
  $6.6&nbsp;million and $5.5 million, respectively.&nbsp; Interest costs paid during the six months ended June 30, 2001
  and 2000 were $.7 million and $.9 million, respectively.</font></td>
 </tr>
</table>

<page>


<p>&nbsp;</p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=37 valign=top><font size=2>(4)</font></td>
  <td width=698 valign=top><font size=2>Comprehensive
  Income</font></td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top><font size=2>The
  Company reports accumulated other comprehensive income as a separate item in
  the shareholders&#146; equity section of the balance sheet.&nbsp; Comprehensive income is comprised of net
  earnings and other comprehensive income (loss).&nbsp; Other comprehensive income (loss) consists solely of foreign
  currency translation adjustments.&nbsp; The
  reconciliations of net earnings to comprehensive income (loss) are as
  follows:</font></td>
 </tr>
</table>

<p><font size=2>&nbsp;</font></p>

<dir>
<table border=0 cellspacing=0 cellpadding=0 width="90%">
 <tr>
  <td  align=center width="38%" valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom><font   size=2>Three
  Months<br>
  Ended June 30</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom><font   size=2>Six
  Months<br>
  Ended June 30</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td  align=center width="38%" valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td  align=center width="38%" valign=bottom><font   size=2>(in
  millions)</font></td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="38%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="38%" valign=bottom bgcolor="#cceeff"><font size=2>Net earnings</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>1.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>7.6</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>1.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>13.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="38%" valign=bottom><font size=2>Foreign currency
  translation adjustments</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>(2.0</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>(1.0</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>(0.4</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>(2.3</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="38%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=left></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=left></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=left></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=left></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="38%" valign=bottom bgcolor="#cceeff"><font size=2>Comprehensive income
  (loss)</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>(0.7</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>6.6</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>1.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>10.8</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="38%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
</table>
</dir>

<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=34 valign=top><font size=2>(5)</font></td>
  <td width=688 valign=top><font size=2>Earnings
  Per Share Computation</font></td>
 </tr>
 <tr>
  <td width=34 valign=top>&nbsp;</td>
  <td width=688 valign=top><font size=2>(in
  millions, except per share amounts)</font></td>
 </tr>
</table>

<p><font size=2>&nbsp;</font></p>

<dir>
<table border=0 cellspacing=0 cellpadding=0 width="90%">
 <tr>
  <td  align=center width="40%" valign=bottom>&nbsp;</td>
  <td  align=center width="28%" colspan=5 valign=bottom><font   size=2>Three
  Months<br>
  Ended June 30</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="28%" colspan=5 valign=bottom><font   size=2>Six
  Months<br>
  Ended June 30</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td  align=center width="40%" valign=bottom>&nbsp;</td>
  <td  align=center width="28%" colspan=5 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="28%" colspan=5 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td  align=center width="40%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td  align=center width="40%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="40%" valign=bottom bgcolor="#cceeff"><font size=2>Weighted average
  shares outstanding &#150; Basic</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.08</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.07</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.09</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>9.10</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom bgcolor="#cceeff"><font size=2>Dilutive share equivalents</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>.15</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>.04</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>.14</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>.03</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="40%" valign=bottom><font size=2>Weighted average
  shares outstanding &#150; Diluted</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom><font   size=2>9.23</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom><font   size=2>9.11</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom><font   size=2>9.23</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom><font   size=2>9.13</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="40%" valign=bottom bgcolor="#cceeff"><font size=2>Net earnings</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>1.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>7.6</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>1.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>13.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom><font size=2>Earnings per share &#150;
  Basic</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom><font   size=2>.14</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom><font   size=2>.84</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom><font   size=2>.16</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom><font   size=2>1.44</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom bgcolor="#cceeff"><font size=2>Earnings per share &#150;
  Diluted</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>.14</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>.83</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>.16</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="12%" valign=bottom bgcolor="#cceeff"><font   size=2>1.43</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="40%" valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
</table>
</dir>

<page>


<p>&nbsp;</p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=37 valign=top><font size=2>(6)</font></td>
  <td width=698 valign=top><font size=2>Segment
  Reporting</font></td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=698 valign=top><font size=2>The
  Company operates in one industry segment which consists of the design,
  manufacture and sale of products and services used primarily in the
  maintenance of nonresidential floors.&nbsp;
  The following sets forth net sales by geographic area:</font></td>
 </tr>
</table>

<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td  align=center width="29%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom><font   size=2>Three
  Months<br>
  Ended June 30</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom><font   size=2>Six
  Months<br>
  Ended June 30</font></td>
  <td  align=center width="0%" valign=bottom>&nbsp;</td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td  align=center width="29%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="29%" colspan=5 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="0%" valign=bottom>&nbsp;</td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td  align=center width="29%" colspan=4 valign=bottom><font   size=2>(in
  millions)</font></td>
  <td  align=center width="13%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2001</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom><font   size=2>2000</font></td>
  <td  align=center width="0%" valign=bottom>&nbsp;</td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td  align=center width="29%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=center width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="0%" valign=bottom>&nbsp;</td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td width="29%" colspan=4 valign=bottom bgcolor="#cceeff"><font size=2>Geographical Net Sales
  (a)</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><u><font size=2>&nbsp;</font></u></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><u><font size=2>&nbsp;</font></u></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><u><font size=2>&nbsp;</font></u></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><u><font size=2>&nbsp;</font></u></td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="27%" colspan=3 valign=bottom><font size=2>North America</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>79.3</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>82.7</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>153.6</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom><font   size=2>159.4</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="27%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>Europe</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>20.9</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>21.8</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>39.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>42.1</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td width="27%" colspan=3 valign=bottom><font size=2>Other International</font></td>
  <td  align=right width="13%" colspan=2 valign=bottom><font   size=2>10.5</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>10.6</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>21.7</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="14%" colspan=2 valign=bottom><font   size=2>22.0</font></td>
  <td width="0%" valign=bottom><font size=2>&nbsp;</font></td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td width="29%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td width="3%" colspan=3 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="25%" valign=bottom bgcolor="#cceeff"><font size=2>Total</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>110.7</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>115.1</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>214.4</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="13%" valign=bottom bgcolor="#cceeff"><font   size=2>223.5</font></td>
  <td width="0%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td   width="5%" colspan=2>&nbsp;</td>
  <td width="29%" colspan=4 valign=bottom>&nbsp;</td>
  <td  align=right width="13%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="14%" colspan=2 valign=bottom>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="0%" valign=bottom>&nbsp;</td>
  <td   width="4%">&nbsp;</td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="3%" colspan=3 valign=top>&nbsp;</td>
  <td width="92%" colspan=15 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="3%" colspan=3 valign=top><font size=2>(a)</font></td>
  <td width="92%" colspan=15 valign=top><font size=2>Net
  of intercompany sales.</font></td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="3%" colspan=3 valign=top>&nbsp;</td>
  <td width="92%" colspan=15 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="4%" valign=top><font size=2>(7)</font></td>
  <td width="95%" colspan=18 valign=top><font size=2>Unusual
  Charges</font></td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="95%" colspan=18 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="95%" colspan=18 valign=top><font size=2>In
  the second quarter of 2001, the Company recorded pre-tax unusual charges of
  $5.9&nbsp;million ($3.6 million after-tax or $.39 per diluted share).&nbsp; The unusual charges were comprised
  primarily of severance and related costs associated with a workforce
  reduction and other restructuring actions announced in April 2001.&nbsp; In addition, the unusual charges in the
  2001 second quarter include an inventory write-down and other costs related
  to the previously announced closing of a leased plant in Germany and the
  transfer of the plant's production to a contract manufacturer in the Czech
  Republic. The inventory write-down of $1 million has been classified in cost
  of sales, while all other second quarter unusual charges of $4.9 million have
  been classified as restructuring charges.</font></td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="95%" colspan=18 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="95%" colspan=18 valign=top><font size=2>In
  the first quarter of 2001, the Company recorded a pre-tax restructuring
  charge of $5.1&nbsp;million ($3.3 million after-tax or $.36 per diluted
  share) related to the plans to close a leased plant in Germany and transfer
  production to a contract manufacturer in the Czech Republic.&nbsp; The first quarter restructuring charge
  primarily included severance payments, building lease costs and write-downs
  of certain fixed assets.</font></td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="95%" colspan=18 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="4%" valign=top>&nbsp;</td>
  <td width="95%" colspan=18 valign=top><font size=2>In
  connection with these activities, the company will terminate approximately
  150 employees.&nbsp; These restructuring
  actions are expected to be substantially completed by June 30, 2002.</font></td>
 </tr>

<!-- DO NOT remove the following table row. It is needed for  .               the proper rendering of tables containing misaligned cells.-->
 <tr height=0>
  <td width=29></td>
  <td width=11></td>
  <td width=13></td>
  <td width=2></td>
  <td width=12></td>
  <td width=182></td>
  <td width=7></td>
  <td width=94></td>
  <td width=9></td>
  <td width=7></td>
  <td width=95></td>
  <td width=9></td>
  <td width=7></td>
  <td width=94></td>
  <td width=9></td>
  <td width=7></td>
  <td width=94></td>
  <td width=7></td>
  <td width=32></td>
 </tr>
</table>

<page>


<p>&nbsp;</p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=29 valign=top>&nbsp;</td>
  <td width=692 valign=top><font size=2>The
  components of the 2001 and 1999 unusual charges and the cash and noncash
  utilizations against the charges in the six months ended June 30, 2001 were
  as follows:</font></td>
 </tr>
</table>

<p><font size=2>&nbsp;</font></p>

<dir>
<table border=0 cellspacing=0 cellpadding=0 width="90%">
 <tr>
  <td width="31%" colspan=2 valign=top><font size=2>(In millions)</font></td>
  <td  align=center width="21%" colspan=2 valign=bottom><font   size=2>Severance,
  Early<br>
  Retirement and<br>
  Related Costs</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="21%" colspan=2 valign=bottom><font   size=2>Noncancelable<br>
  Contractual Obligations<br>
  and Other</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="21%" colspan=2 valign=bottom><font   size=2>Total</font></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" colspan=2 valign=top>&nbsp;</td>
  <td  align=center width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
  <td  align=center width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=center width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>2001 Unusual Charges:</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="31%" colspan=2 valign=bottom><font size=2>First quarter initial
  charges</font></td>
  <td width="1%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom><font   size=2>2.9</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom><font   size=2>2.2</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom><font   size=2>5.1</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="31%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Second quarter initial
  charges</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>3.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>2.6</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>5.9</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="31%" colspan=2 valign=bottom><font size=2>2001 Utilization:</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="6%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="24%" valign=bottom bgcolor="#cceeff"><font size=2>Cash</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(1.8</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(0.2</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(2.0</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="6%" valign=bottom>&nbsp;</td>
  <td width="24%" valign=bottom><font size=2>Non-cash</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom><font   size=2>(2.7</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom><font   size=2>(2.7</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="6%" valign=bottom>&nbsp;</td>
  <td width="24%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="31%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>June 30, 2001
  liability balance</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font   size=2>4.4</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font   size=2>1.9</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font   size=2>6.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="31%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
</table>
</dir>

<p><font size=3 face=Times>&nbsp;</font></p>

<dir>
<table border=0 cellspacing=0 cellpadding=0 width="90%">
 <tr>
  <td width="30%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>1999 Unusual Charges:</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><b><font size=2>&nbsp;</font></b></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><b><font size=2>&nbsp;</font></b></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><b><font size=2>&nbsp;</font></b></td>
 </tr>
 <tr>
  <td width="30%" colspan=3 valign=bottom><font size=2>December 31, 2000
  liability</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="2%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="28%" colspan=2 valign=bottom bgcolor="#cceeff"><font size=2>Balance</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font size=2>0.8</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><b><font size=2>&nbsp;</font></b></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font size=2>1.2</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><b><font size=2>&nbsp;</font></b></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font size=2>2.0</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="30%" colspan=3 valign=bottom><font size=2>2001 Utilization:</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="6%" colspan=2 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="24%" valign=bottom bgcolor="#cceeff"><font size=2>Cash</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(0.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff"><font   size=2>(0.5</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="6%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="24%" valign=bottom><font size=2>Non-cash</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom><font   size=2>&#150;</font></td>
  <td width="1%" valign=bottom><font size=2>&nbsp;</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom><font   size=2>(0.2</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
  <td  align=right width="21%" colspan=2 valign=bottom><font   size=2>(0.2</font></td>
  <td width="1%" valign=bottom><font size=2>)</font></td>
 </tr>
 <tr>
  <td width="6%" colspan=2 valign=bottom>&nbsp;</td>
  <td width="24%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="30%" colspan=3 valign=bottom bgcolor="#cceeff"><font size=2>June 30, 2001
  liability balance</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font   size=2>0.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font   size=2>1.0</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>$</font></td>
  <td  align=right width="20%" valign=bottom bgcolor="#cceeff"><font   size=2>1.3</font></td>
  <td width="1%" valign=bottom bgcolor="#cceeff"><font size=2>&nbsp;</font></td>
 </tr>
 <tr>
  <td width="30%" colspan=3 valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="21%" colspan=2 valign=bottom bgcolor="#cceeff">
<hr size=2 width="100%" noshade color=black align=right></td>
  <td width="1%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>

<!-- DO NOT remove the following table row. It is needed for  .               the proper rendering of tables containing misaligned cells.-->
 <tr height=0>
  <td width=13></td>
  <td width=27></td>
  <td width=160></td>
  <td width=8></td>
  <td width=133></td>
  <td width=10></td>
  <td width=7></td>
  <td width=133></td>
  <td width=10></td>
  <td width=7></td>
  <td width=133></td>
  <td width=8></td>
 </tr>
</table>
</dir>

<dir>
<p><font size=2>&nbsp;</font></p>
</dir>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=684 valign=top><font size=2>The
  above liabilities are included in accrued expenses.</font></td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=684 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=37 valign=top><font size=2>(8)</font></td>
  <td width=684 valign=top><font size=2>Joint
  Venture Formed</font></td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=684 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=37 valign=top>&nbsp;</td>
  <td width=684 valign=top><font size=2>Tennant
  and Johnson Wax Professional announced in April 2001 the formation of a joint
  venture company, NexGen Floor Care Systems, which introduced a revolutionary
  multi-tasking floor cleaning machine and chemical system in the second
  quarter of 2001.&nbsp; NexGen will operate
  as a separate entity, with a separate sales force and distribution
  channels.&nbsp; Tennant will manufacture
  the machine and provide equipment maintenance, aftermarket parts and
  technical support.</font></td>
 </tr>
</table>

<page>


<p>&nbsp;</p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=43 valign=top><font size=2>(9)</font></td>
  <td width=691 valign=top><font size=2>New
  Accounting Pronouncements</font></td>
 </tr>
 <tr>
  <td width=43 valign=top>&nbsp;</td>
  <td width=691 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=43 valign=top>&nbsp;</td>
  <td width=691 valign=top><font size=2>As
  of January 1, 2001, the Company has adopted Statement of Financial Accounting
  Standards (SFAS) No. 133, Accounting for Derivative Instruments and Hedging
  Activities, as amended by SFAS No. 138, Accounting for Certain Derivative
  Instruments and Certain Hedging Activities - an amendment of FASB Statement
  No. 133. SFAS 133 requires a company to recognize all derivatives on the
  balance sheet at fair value.&nbsp;
  Derivatives that are not hedges must be adjusted to fair value through
  earnings.&nbsp; If the derivative is a
  hedge, depending on the nature of the hedge, changes in the fair value of the
  hedged assets, liabilities or firm commitments are recognized through
  earnings or in other comprehensive income until the hedged item is recognized
  in earnings.&nbsp; The ineffective portion
  of a derivative&#146;s change in fair value will be immediately recognized in
  earnings.&nbsp; The effect of adopting SFAS
  133 and SFAS 138 was not material to the consolidated financial position and
  results of operations of the Company as of January 1, 2001, or as of and for
  the six months ended June 30, 2001.</font></td>
 </tr>
 <tr>
  <td width=43 valign=top>&nbsp;</td>
  <td width=691 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=43 valign=top>&nbsp;</td>
  <td width=691 valign=top><font size=2>In
  July 2001, the FASB issued SFAS No. 141, Business Combinations, and SFAS
  No.&nbsp;142, Goodwill and Other Intangible Assets.&nbsp; SFAS 141 requires that the purchase method of accounting be
  used for all business combinations initiated after June 30, 2001.&nbsp; SFAS 141 also specifies criteria that intangible
  assets acquired in a purchase method business combination must be recognized
  and reported apart from goodwill.&nbsp;
  SFAS 142 requires that goodwill and intangible assets with indefinite
  useful lives no longer be amortized, but instead tested for impairment at
  least annually.&nbsp; SFAS 142 also
  requires that intangible assets with definite useful lives be amortized over
  their respective estimated useful lives.</font></td>
 </tr>
 <tr>
  <td width=43 valign=top>&nbsp;</td>
  <td width=691 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=43 valign=top>&nbsp;</td>
  <td width=691 valign=top><font size=2>The
  Company is required to adopt SFAS 141 immediately.&nbsp; SFAS 142 adoption will be effective January 1, 2002.&nbsp; The Company is in the process of
  determining the effect of SFAS 142 on the consolidated financial position and
  results of operations of the Company.</font></td>
 </tr>
</table>

<p><u><font size=2>Management's Discussion
and Analysis of Financial Condition and Results of Operations</font></u></p>

<p><u><font size=2>Results of Operations</font></u></p>

<p><font size=2>Net earnings in the second quarter ended
June 30, 2001, before unusual charges of $3.6 million after tax, were $4.9
million or $.53 per diluted share, on net sales of $110.7 million for the
quarter. Including unusual charges, net earnings for the second quarter of 2001
were $1.3 million, or $.14&nbsp;per diluted share. &nbsp;In the comparable 2000 period, the company reported net earnings
of $7.6&nbsp;million, or $.83 per diluted share, on net sales of $115.1
million.&nbsp; Negative foreign currency translation
effects, resulting primarily from the strength of the U. S. dollar compared to
the Euro, Japanese yen and Australian dollar reduced net sales in the 2001
second quarter by approximately $2.0 million and diluted earnings per share by
approximately $.08.</font></p>

<page>


<p><font size=2>Unusual charges recorded in the second
quarter of 2001 totaled $3.6 million after tax ($5.9 million pretax), or $.39
per diluted share.&nbsp; The unusual charges
were comprised largely of severance and related costs associated with a
workforce reduction and other restructuring actions announced in April
2001.&nbsp; In addition, the unusual charges
in the 2001 second quarter include an inventory write-down of $1 million and
other costs related to the previously announced closing of a leased plant in
Germany and the transfer of the plant&#146;s production to a contact manufacturer in
the Czech Republic.&nbsp; The inventory
write-down has been classified in cost of sales, while all other unusual
charges have been classified as restructuring charges.&nbsp; See note 7 to the consolidated financial
statements.</font></p>

<p><font size=2>For the six months ended June 30, 2001,
net earnings, before unusual charges of $6.9 million after tax, were $8.4
million or $.91 per diluted share, on net sales of $214.4 million.&nbsp; Including unusual charges, net earnings for
the second quarter of 2001 were $1.5 million, or $.16 per diluted share.&nbsp; In the comparable 2000 period, the company
reported net earnings of $13.1 million, or $1.43 per diluted share, on net
sales of $223.5 million.&nbsp; Negative
foreign currency translation effects, resulting primarily from the strength of
the U. S. dollar compared to the Euro, Japanese yen and Australian dollar
reduced net sales in the 2001 first six months by approximately
$3.9&nbsp;million and diluted earnings per share by approximately $.15.</font></p>

<p><font size=2>Unusual charges in the six months ended
June 30, 2001, of $6.9 million after tax ($11.0 million pretax), or $.75 per
diluted share, were comprised of the restructuring charges and inventory
write-down recorded in the 2001 second quarter, as well as 2001 first quarter
charges related to the planned closure of the plant in Germany and the transfer
of its production to a contract manufacturer in the Czech Republic.&nbsp; The 2001 restructuring actions are expected
to provide an annualized pre-tax benefit of approximately $3.5 million.&nbsp; See note 7 to the consolidated financial
statements.</font></p>

<p><font size=2>Consolidated net sales of $110.7 million
for the second quarter 2001 decreased 3.8% compared to the second quarter 2000
sales of $115.1 million.&nbsp; Negative
foreign currency translation effects reduced second quarter net sales by
approximately $2.0 million.&nbsp; Excluding
this unfavorable impact, consolidated net sales were down 2.1%.&nbsp; Price increases benefited consolidated net
sales in the 2001 second quarter by about 1.5%.&nbsp; Year-to-date, consolidated net sales declined 4.1% compared with
the six months ended June 30, 2000.&nbsp;
Excluding negative foreign currency translation effects, consolidated
net sales for the year to date declined 2.3%.&nbsp;
The period-to-period declines in consolidated net sales for the quarter
and six months ended June 30, 2001 resulted primarily from lower sales of North
American industrial floor maintenance equipment that resulted from a rapid
deterioration in the North American industrial economy beginning late in 2000
and continuing through the first six months of 2001.&nbsp; The unfavorable effects of this economic slowdown are expected to
continue in the second half of the year.</font></p>

<page>


<p><font size=2>North American sales for the 2001 second
quarter decreased 4.1% to $79.3 million, compared with $82.7 million in
2000.&nbsp; For the first six months, sales
were $153.6 million, down 3.6% from $159.4 million for the first six months of
2000.&nbsp; The decreases for both the
comparable quarter and six-month periods were due to double-digit percentage
declines in industrial equipment sales resulting from the deteriorating
conditions in the North America industrial economy.&nbsp; This was partially offset by double-digit percentage increases
for the comparable quarter and six-month periods in North America commercial
equipment sales and service revenues.</font></p>

<p><font size=2>In Europe, net sales for the 2001 second
quarter decreased 4.1% to $20.9 million, compared with the comparable 2000
period.&nbsp; For the first six months, sales
were $39.1 million, down 7.1% from the first six months of 2000.&nbsp; Excluding foreign currency translation
effects, sales in Europe for the 2001 second quarter increased about 1% but
decreased by 1.7% for the six-month period compared with the corresponding
year-ago periods.&nbsp; The economic
conditions in Europe weakened during the first half of 2001.</font></p>

<p><font size=2>In Other International, 2001 second
quarter sales decreased 0.9% to $10.5 million, compared with $10.6 million in
2000.&nbsp; For the first six months, sales
were $21.7 million, down 1.4% from $22.0&nbsp;million for the first six months
of 2000.&nbsp; Excluding the effects of
foreign currency translation, sales were up 5.7% for the quarter and 4.1% for
the six-month period compared with the 2000 periods.&nbsp; This is despite a downturn in sales to Japan, where economic
conditions remain difficult.</font></p>

<p><font size=2>Consolidated orders for the six months
ended June 30, 2001, were down 3.8% from the comparable 2000 period.&nbsp; Order backlog at June 30, 2001, totaled $9
million compared with $11&nbsp;million at March 31, 2001, and $14 million at
June 30, 2000.&nbsp; In the 2000 second
quarter, industrial machine orders were extremely strong, which resulted in an
unusually large backlog entering the third quarter of 2000.</font></p>

<p><font size=2>Second quarter 2001 gross profit margin
before unusual charges was 37.4% compared with 40.6% reported in the second
quarter of 2000.&nbsp; Adjusted for negative
foreign currency translation effects, gross margin for the 2001 second quarter
was 38.2%.&nbsp; The remaining
2.4&nbsp;percentage-point decline resulted primarily from a shift in the mix of
products sold toward lower margin products.&nbsp;
North American industrial equipment products have a higher gross margin
than both North American commercial products and service revenues.&nbsp; The unfavorable effects on gross profit
margins are expected to continue in the second half of the year.</font></p>

<p><font size=2>The first six months of 2001 gross margin
before unusual charges were 37.8% compared to 40.6% in the comparable 2000
period.&nbsp; Adjusted for foreign currency
translation effects, gross margin for the 2001 six-month period was 38.8%.&nbsp; Again, the remaining 1.8 percentage-point
decline was primarily due to the aforementioned product mix shift for the
six-month period.</font></p>

<p><font size=2>Second quarter selling and administrative
(S&amp;A) expenses in 2001 decreased 2% to $33.9&nbsp;million from $34.6
million in 2000.&nbsp; For the second
quarter, S&amp;A expense as a percentage of sales increased from 30.1% in 2000
to 30.6% in 2001 reflecting the decline in year-over-year sales.&nbsp; Similarly, the first six month&#146;s S&amp;A
expenses in 2001 represented 32.0% of sales compared to 31.3% in the first six
months of 2000.</font></p>

<page>


<p><font size=2>The effective tax rate, before unusual
charges, for the second quarter and first six months of 2001 approximated 35.5%
compared with 36% in the 2000 comparative periods.&nbsp; Including unusual charges, the effective tax rate for the quarter
was 23.5% and for the first six months of 2001 was 25%.</font></p>

<p><font size=2>The Company expects to record a nonrecurring
pension settlement gain in the second half of 2001.&nbsp; This non-cash gain will be recorded once government approvals of
changes being made to the company&#146;s defined benefit retirement plan are
received.&nbsp; The gain is estimated to
total $3.2 to $3.6 million after tax, or $.35 to $.39 per diluted share.</font></p>

<p><u><font size=2>Liquidity and Capital
Resources</font></u></p>

<p><font size=2>The Company generated $7.4 million of
operating cash flows year-to-date in 2001 compared with&nbsp; $18.3 million in the comparable 2000
period.&nbsp; Cash and cash equivalents totaled
$15.4 million at June 30, 2001, compared with $21.5 million at December 31,
2000.&nbsp; Significant uses of cash in 2001
included cash for employee severance payments and increased capital
expenditures.</font></p>

<p><font size=2>The debt-to-total-capitalization ratio
was 13% at June 30, 2001, and at June 30, 2000.&nbsp; Netting cash against debt, the net debt to total capitalization
is 5% at June 30, 2001.&nbsp; The Company
believes that the combination of internally generated funds and available
financing sources are more than sufficient to meet the Company&#146;s cash
requirements for the next year.</font></p>

<p><font size=2>Management regularly reviews the
Company&#146;s business operations with the objective of improving financial
performance and maximizing its return on investment and has adopted economic
profit as its key financial performance measure.&nbsp; In this regard, the Company continues to consider actions to
improve financial performance which, if taken, could result in material
nonrecurring charges.</font></p>

<p><u><font size=2>Market Risk</font></u></p>

<p><font size=2>The Company&#146;s market risk includes the
risk of adverse changes in foreign currency exchange rates.&nbsp; Foreign currency translation effects of a
strong U.S. dollar reduced diluted earnings per share by approximately $.08 for
the second quarter of 2001 and $.15 year to date compared with the year-ago
periods.&nbsp; Based on current foreign
exchange rates, the Company expects further unfavorable foreign exchange
effects for the remainder of 2001, compared with prior year results.&nbsp; The Company uses forward exchange contracts
to hedge net exposed assets in Australia, Canada, Japan and U.S.
dollar-denominated trade payables in Europe.&nbsp;
Additional information on market risk is included in the Management
Discussion and Analysis section of the Company's Form 10-K filing for the year
ended December 31, 2000.</font></p>

<page>


<p><u><font size=2>Cautionary Statement
Relevant to Forward-Looking Information</font></u></p>

<p><font size=2>Certain statements contained in this
document as well as other written and oral statements made from time to time by
the Company are considered &#147;forward-looking statements&#148; within the meaning of
the Private Securities Litigation Reform Act.&nbsp;
These statements do not relate to strictly historical or current facts
and provide current expectations or forecasts of future events.&nbsp; These include factors that affect all
businesses operating in a global market as well as matters specific to the
Company and the markets it serves.&nbsp;
Particular risks and uncertainties presently facing the Company
include:&nbsp; the ability to implement its
plan to increase worldwide manufacturing efficiencies; political and economic
uncertainty throughout the world; inflationary pressures; the potential for
increased competition in the Company&#146;s businesses from competitors that have
substantial financial resources; the potential for soft markets in certain
regions, including North America, Asia, Latin America and Europe; the relative
strength of the U.S. dollar, which affects the cost of the company&#146;s products
sold internationally; the ability to successfully implement the Enterprise
Resource Planning System; and the Company&#146;s plan for growth.&nbsp; The Company cautions that forward-looking
statements must be considered carefully and that actual results may differ in
material ways due to risks and uncertainties both known and unknown.</font></p>

<p><font size=2>The Company does not undertake to update
any forward-looking statement, and investors are advised to consult any further
disclosures by the Company on this matter in its filings with the Securities
and Exchange Commission.&nbsp; It is not
possible to anticipate or foresee all risk factors, and investors should not
consider that any list of such factors to be an exhaustive or complete list of
all risks or uncertainties.</font></p>

<p><font size=2>&nbsp;</font></p>

<page>


<p align=center><font size=2>PART
II - OTHER INFORMATION</font></p>

<p><u><font size=2>Item 6 - Exhibits and
Reports on Form 8-K</font></u></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width=36 valign=top><font size=2>(a)</font></td>
  <td width=76 valign=top><font size=2>Exhibits</font></td>
  <td width=256 valign=top>&nbsp;</td>
  <td width=353 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=76 valign=top>&nbsp;</td>
  <td width=256 valign=top>&nbsp;</td>
  <td width=353 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=76 valign=top><font size=2>Item
  #</font></td>
  <td width=256 valign=top><font size=2>Description</font></td>
  <td width=353 valign=top><font size=2>Method
  of Filing</font></td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=76 valign=top>
<hr size=1 width="80%" noshade color=black align=left></td>
  <td width=256 valign=top>
<hr size=1 width="80%" noshade color=black align=left></td>
  <td width=353 valign=top>
<hr size=1 width="80%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=76 valign=top><font size=2>3i</font></td>
  <td width=256 valign=top><font size=2>Articles
  of Incorporation</font></td>
  <td width=353 valign=top><font size=2>Incorporated
  by reference to Exhibit 4.1 to the Company&#146;s Registration Statement No.
  33-62003, Form S-8, dated&nbsp; August 22,
  1995.</font></td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=76 valign=top>&nbsp;</td>
  <td width=256 valign=top>&nbsp;</td>
  <td width=353 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=76 valign=top><font size=2>3ii</font></td>
  <td width=256 valign=top><font size=2>By-Laws</font></td>
  <td width=353 valign=top><font size=2>Incorporated
  by reference to Exhibit 3ii to the Company&#146;s Annual Report on Form 10-K for
  the fiscal year ended December 31, 1999.</font></td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=332 colspan=2 valign=top>&nbsp;</td>
  <td width=353 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=36 valign=top><font size=2>(b)</font></td>
  <td width=332 colspan=2 valign=top><font size=2>Reports
  on Form 8-K</font></td>
  <td width=353 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=332 colspan=2 valign=top>&nbsp;</td>
  <td width=353 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width=36 valign=top>&nbsp;</td>
  <td width=685 colspan=3 valign=top><font size=2>There
  were no reports filed on Form 8-K for the quarter ended June 30, 2001.</font></td>
 </tr>
</table>

<p><b><font size=2>&nbsp;</font></b></p>

<page>


<p align=center><font size=2>SIGNATURES</font></p>

<p><font size=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly authorized.</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td  align=right width="45%" valign=top><font size=2>TENNANT COMPANY</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="6%" valign=top><font size=2>Date:</font></td>
  <td width="33%" valign=top><font size=2>August
  10, 2001</font></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>/s/
  Janet M. Dolan</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top><font size=2>August
  10, 2001</font></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>Janet
  M. Dolan</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>President
  and Chief Executive Officer</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="6%" valign=top><font size=2>Date:</font></td>
  <td width="33%" valign=top><font size=2>August
  10, 2001</font></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>/s/
  Anthony T. Brausen</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top><font size=2>August
  10, 2001</font></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>Anthony
  T. Brausen</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>Vice
  President and Chief Financial Officer</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="6%" valign=top><font size=2>Date:</font></td>
  <td width="33%" valign=top><font size=2>August
  10, 2001</font></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>/s/
  Dean A. Niehus</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top><font size=2>August
  10, 2001</font></td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>Dean
  A. Niehus</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>Corporate
  Controller and</font></td>
 </tr>
 <tr>
  <td width="6%" valign=top>&nbsp;</td>
  <td width="33%" valign=top>&nbsp;</td>
  <td width="14%" valign=top>&nbsp;</td>
  <td width="45%" valign=top><font size=2>Principal
  Accounting Officer</font></td>
 </tr>
</table>

<p><font size=3 face=Times>&nbsp;</font></p>

</div>

</body>

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