News Release

DEERFIELD, Ill., November 19, 2002 - The board of directors of Baxter International Inc. (NYSE:BAX) yesterday declared a regular annual dividend of $0.582 per share of Baxter common stock.

The dividend is payable on January 6, 2003 to stockholders of record as of the close of business on December 13, 2002. The dividend declaration is a continuation of the current annual rate.

Baxter International Inc. (NYSE:BAX) is a global health care company that, through its subsidiaries, provides critical therapies for people with life-threatening conditions. Baxter's bioscience, medication delivery and renal products and services are used to treat patients with some of the most challenging medical conditions including cancer, hemophilia, immune deficiencies, infectious diseases, kidney disease and trauma.

FOR ADDITIONAL INFORMATION:

	Media Contacts: Deborah Spak, 847-948-2349
	Investor Contacts: Neville Jeharajah, (847) 948-2875 Mary Kay Ladone, (847) 948-3371