Five Year Summary

	(in millions of dollars, except per share amounts)			2004			2003		2002		2001		2000
	For the year
	Revenues		$	37,445		$	31,034	$	28,212	$	27,897	$	26,583
	Research and development			1,256			1,027		1,191		1,254		1,302
	Net income			2,788			2,361		2,236		1,938		1,808
	Earnings per share:
	Basic:
	Net earnings			5.62			4.93		4.67		4.06		3.78
	Net earnings adjusted for SFAS No. 142										4.51		4.18
	Diluted:
	Net earnings			5.52			4.69		4.42		3.83		3.55
	Net earnings adjusted for SFAS No. 142										4.25		3.92
	Cash dividends per common share			1.40			1.14		.98		.90		.825
	Average number of shares of Common Stock outstanding:
	Basic			496.4			473.8		472.4		470.2		470.1
	Diluted			505.4			502.9		505.6		505.4		508.0
	Cash flow from operations			3,699			2,875		2,853		2,976		2,631
	Voluntary pension contributions1			906			994		530
	Capital expenditures			795			530		586		793		937
	Acquisitions, including debt assumed			1,295			2,305		424		525		1,340
	Share repurchase			992			401		700		599		800
	Dividends on Common Stock3			660			533		462		423		387
	At year end
	Working capital		$	2,575		$	2,069	$	4,050	$	3,094	$	1,864
	Total assets			40,035			35,274		29,784		27,571		25,861
	Long-term debt, including current portion			4,271			4,632		4,676		4,371		3,772
	Total debt			5,591			5,301		4,873		4,959		4,811
	Debt to total capitalization			29%			31%		37%		37%		39%
	ESOP Preferred Stock, net2								428		429		432
	Shareowners' equity			14,008			11,707		8,355		8,369		7,662
	Number of employees			209,700			203,300		155,000		152,000		153,800

Note: During 2003, UTC acquired Chubb plc, which is reported as a separate segment.
1 Represents cash contributions, in addition, during 2002 and 2001, UTC contributed Treasury Stock of $253 million and $247 million, respectively,
   to its domestic defined benefit pension plans.
2 During 2003, UTC converted all of its outstanding shares of ESOP Preferred Stock into Common Stock.
3 Excludes dividends paid on ESOP stock.
Certain reclassifications have been made to prior year amounts to conform to the current year presentation.