SEATTLE -- February 3, 1998
The Board of Directors of Airborne Freight Corporation (NYSE: ABF), today declared a two-for-one stock split, and a quarterly dividend of 7 1/2 cents per share, that will be paid on the pre-split shares.

The stock split and cash dividend will apply to shareholders of record on February 9, 1998. The payment date for the dividend and the issue date for the additional shares will both occur on February 13, 1998.