WASHINGTON, DC 20549

                                   FORM 8-K

                                CURRENT REPORT

                    PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                       Date of Report: October 25, 2002
              (Date of earliest event reported: October 24, 2002)

                                 CUMMINS INC.
            (Exact name of registrant as specified in its charter)

              Indiana                              1-4949                           35-0257090
  (State or other Jurisdiction of         (Commission File Number)        (I.R.S. Employer Identification
           Incorporation)                                                              No.)

                              500 Jackson Street
                                  PO Box 3005
                            Columbus, IN 47202-3005
                    (Principal Executive Office)(Zip Code)

      Registrant's telephone number, including area code: (812) 377-5000

Item 5.  Other Events

On Friday, October 25, 2002, Cummins Inc. issued the following press release:


CUMMINS                                   NEWS RELEASE

                                                           Jason Rawlings
                                                           Public Relations

  For Immediate Release
  Date: October 25, 2002

 Cummins Inc. Reports Miscalculation in Third Quarter Diluted Earnings Per Share
        Does Not Impact Reported Profit After Taxes or Forward Guidance

Columbus, IN, October 25, 2002 - Today Cummins Inc. (NYSE:CUM) announced it
discovered a miscalculation in the Company's reported third quarter diluted
earnings per share. The correct amount is $0.96 per fully diluted share. This
does not impact the reported $39 million profit after taxes, any other
reported numbers for the Company, or any forward guidance.

On October 17, 2002, Cummins reported third quarter earnings of $1.00 per
fully diluted share. The actual third quarter fully diluted earnings per share
is $0.96. Basic earnings per share of $1.03 remain unchanged. The Company
discovered the miscalculation as it prepared its Form 10-Q for the third
quarter, which is filed within 45 days after the end of the quarter.

Earnings and cash flow guidance for the fourth quarter and full year 2002
remain as originally reported: Cummins expects to have full year profits for
2002 of $0.40 to $0.50 per share. In addition, the Company expects to generate
over $100 million in free cash flow in 2002.

A global power leader, Cummins Inc., is a corporation of complementary
business units that design, manufacture, distribute and service electrical
power generation systems, engines and related technologies, including fuel
systems, controls, air handling, filtration and emission solutions.
Headquartered in Columbus, Indiana, (USA) Cummins serves its customers through
more than 500 company-owned and independent distributor locations in 131
countries and territories. With 24,900 employees worldwide, Cummins reported
sales of $5.7 billion in 2001. Press releases by fax can be requested by
calling News On Demand (toll free) at 888-329-2305. The Cummins home page can
be found at www.cummins.com.

Information provided and statements in this release that are not purely
historical are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements regarding the
company's expectations, hopes beliefs and intentions on strategies regarding
the future. It is important to note that the company's actual future results
could differ materially from those projected in such forward-looking
statements because of a number of factors, including, but not limited to,
general economic, business and financing conditions, labor relations,
governmental action, competitor pricing activity, expense volatility and other
risks detailed from time to time in Cummins Securities and Exchange Commission



Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                 Cummins Inc.

                             By: /s/ Susan K. Carter
                                Susan K. Carter
                                Vice President Controller
                                (Principal Accounting Officer)