SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549
                             ----------------------

                                   FORM 6-K/A

                        REPORT OF FOREIGN PRIVATE ISSUER

                    Pursuant to Rule 13a-16 or 15d-16 of the
                         Securities Exchange Act of 1934

                          For the month of: April 2002

                                     ABB Ltd
               (Exact name of registrant as specified in charter)

                                       N/A
                 (Translation of registrant's name into English)

                                   Switzerland
                         (Jurisdiction of organization)

        P.O. Box 8131, Affolternstrasse 44, CH-8050, Zurich, Switzerland
                    (Address of principal executive offices)

                  Registrant's telephone number, international:
                              + 011-41-1-317-7111



Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

                    Form 20-F   X             Form 40-F
                               ---                      ---

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                    Yes                       No   X
                        ---                       ---

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-________
<PAGE>


This Form 6-K/A amends Form 6-K filed on April 24, 2002. In that Form 6-K,
certain attachments to the press release of ABB Ltd., dated April 24, 2002 were
inadvertently omitted. This filing amends the original filing by including all
such attachments.




                                      -2-
<PAGE>
Press Release

For your business and technology editors

ABB's operational and financial restructuring on track


Four divisions report order increases over Q4 2001

-    Net income US$ 114 million in Q1

-    EBIT margin in line with outlook of 4-5 percent

-    Operational cash flow seasonally negative, but stronger than in Q1 2001

-    Total orders down 5 percent in local currencies from Q4, but four divisions
     report increases

-    ABB to combine most industry customer activities into one division

-    Financial strategy progressing on plan

Zurich, Switzerland, April 24, 2002 - ABB said today its net income for the
first quarter of 2002 was US$ 114 million, compared with US$ 138 million in the
same period last year. Its first quarter EBIT margin (4.5 percent) was in line
with its 2002 target. Operational cash flow, at US$ -138 million, was stronger
than in the first quarter of 2001 (US$ -217 million).

Four divisions increased orders in local currencies in the first quarter,
compared to the fourth quarter of 2001. Automation Technology Products grew by
11 percent, Power Technology Products by 21 percent, Process Industries by 12
percent and Manufacturing and Consumer Industries by 3 percent in local
currencies. Total group orders decreased 5 percent compared with the previous
quarter. The order backlog has grown to more than US$ 13.7 billion, an increase
of 4 percent in local currencies since the end of 2001.

Compared to a strong first quarter last year, total orders were down 15 percent
in local currencies. Orders from strategic customers declined less, by only 5
percent.

"We see some favorable early signs in order development, notably in the Power
and Automation Technology Products divisions," said Jorgen Centerman, ABB
president and CEO. "It is too soon to say if we have a broader upturn ahead, but
we are confident ABB will reach its revenue and margin targets for the year.
Operationally and financially, we're on track."

ABB cut another 2,200 jobs in the first quarter, partly through natural
attrition. Restructuring provisions were US$ 55 million.

In line with its strategy to focus on power and automation technologies for
utility and industry customers, ABB announced it intends to divest the Building
Systems business area, currently part of the Manufacturing and Consumer
Industries division. The other three business areas in the Manufacturing and
Consumer Industries division will be combined with the Process Industries
division in a newly-created Industries division.

ABB reported good progress in implementing its financing strategy. The company
will complete the amendment of its US$ 3 billion credit facility tomorrow and
confirmed that nearly all of its original 24 relationship banks have committed
to participate. ABB also confirmed it is on track to reduce net debt by at least
US$ 1.5 billion in 2002, partly through the divestment of Structured Finance
businesses and other asset sales.

In regard to asbestos claims pending against Combustion Engineering, a US
subsidiary, ABB said that about 13,300 claims were settled in the first quarter,
more than 50 percent without payment. As a result of intensified efforts to
identify and settle valid claims and dispute claims that appear baseless, the
number of pending claims remained at
<PAGE>
around 94,000 after the first quarter. Settlement costs prior to insurance
reimbursement were US$ 51 million, up from US$ 37 million in the first quarter
last year.

<TABLE>
<CAPTION>
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
US$ in millions, except per share data         Jan - March 2002   Jan-March 2001    Change       Change in local
                                                                                                   currencies
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
<S>                                                       <C>              <C>         <C>                    <C>
Orders                                                    5,523            6,786       - 19%                  - 15%
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
Revenues                                                  5,149            5,380        - 4%                   - 1%
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
Earnings before interest and taxes (EBIT)                   235              334       - 30%                  - 25%
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
Income  from continuing operations                          108              201       - 46%
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
Income (loss) from  extraordinary items and                   6             (63)
accounting changes


--------------------------------------------- ------------------ ---------------- ----------- ----------------------
Net income                                                  114              138       - 17%
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
Earnings per share (US$)
Income  from continuing operations, basic
and diluted:                                               0.10             0.17
Net income, basic and diluted:                             0.10             0.12


--------------------------------------------- ------------------ ---------------- ----------- ----------------------
EBITDA                                                      387              524       - 26%                  - 22%
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
Net cash used in operating activities                     (138)            (217)
--------------------------------------------- ------------------ ---------------- ----------- ----------------------
</TABLE>


Organizational and management changes

Dinesh Paliwal, head of the former Process Industries division, will head the
newly created Industries division.

Jan Secher, previously head of the Manufacturing and Consumer Industries
division, will take over from Eric Drewery as head of Group Processes, the
division driving the implementation of common processes and shared services
throughout ABB. Secher will also retain responsibility for the business area
Building Systems, and oversee its divestment.

Drewery is retiring for health reasons after a long, distinguished career with
ABB. Formerly head of ABB's organization in the U.K., he led the Group
Transformation unit last year and assumed responsibility for Group Processes
early this year.

The ABB Board of Directors appointed Bernhard Jucker, 47, new head of the
Automation Technology Products division. Jucker, a Swiss citizen, has headed the
Drives and Power Electronics business area in the Automation Technology Products
division since November 2000. Jucker succeeds Jouko Karvinen, who has accepted
an offer from Philips to head its medical systems business.

Key financial developments

First quarter orders decreased 15 percent expressed in local currencies compared
with the same period in 2001, or 19 percent in nominal terms, to US$ 5,523
million. Year-on-year, all divisions except Power Technology Products reported
lower orders compared to the first quarter of 2001.

Base orders (orders below US$ 15 million) represented 88 percent of total first
quarter orders. Base orders declined about 14 percent in local currencies
compared with the first quarter of 2001, or around 17 percent in nominal terms.
Large orders fell by 28 percent in both local and nominal currency terms.
<PAGE>
First quarter revenues were flat in local currencies, and decreased 4 percent in
nominal terms to US$ 5,149 million. Oil, Gas and Petrochemicals and Power
Technology Products reported double digit growth on the back of a strong order
backlog and continued demand for power transmission equipment, respectively.

The order backlog has increased by 2 percent to US$ 13,754 million, or 4 percent
in local currencies, since year-end 2001.

EBIT for the first quarter of 2002 was US$ 235 million, some 30 percent lower
than the same period last year. EBIT included other income of US$ 18 million,
comprising restructuring charges of US$ 55 million (Q1 2001: US$ 6 million),
capital gains of US$ 58 million (Q1 2001: US$ 3 million), US$ 7 million for
write-down of assets (Q1 2001: US$ 1 million), and income from equity accounted
companies, licenses and other of US$ 22 million (Q1 2001: US$ 52 million).

After net interest expense and taxes, income from continuing operations was US$
108 million, 46 percent below first quarter 2001.

Net income decreased by 17 percent to US$ 114 million in the first quarter
compared with the same period last year.

Net cash from operating activities improved year-on-year, but was negative US$
138 million. In line with ABB's usual quarterly pattern, working capital
increased slightly from historically low levels at the end of 2001 and certain
non-cash one-time charges became cash-effective, including restructuring
charges.


Balance sheet and liquidity

Cash and marketable securities totaled US$ 6,583 million at March 31, 2002. Net
debt (defined as short-, medium- and long-term debt less cash and marketable
securities) increased to US$ 4,487 million from US$ 4,077 million at the end of
2001.

In December 2001, the company established a US$ 3 billion committed bank
facility. ABB drew down US$ 2,845 million under this facility in March, securing
more than enough cash to meet all its commercial paper obligations maturing
during the remainder of 2002. The drawdown did not increase ABB's net debt, but
replaced other short-term borrowings and added to cash equivalents.

ABB's liquidity was further strengthened on April 2 when its lead banks
committed to fully underwrite the amended US$ 3 billion credit facility.

As part of its goal to extend the maturity profile of its debt, ABB announced
that it will issue a combination of convertible and straight bonds in the second
quarter of 2002. ABB will start a bond investor road show on April 30 and plans
to price and launch its straight bond issue in mid-May.

Outlook<F1>

--------------------------------------

<F1> Assumes no major currency effects and excludes major acquisitions and
     divestments

The outlook remains unchanged. For 2002, revenues are expected to be flat in
comparison to 2001. EBIT margin for the full year 2002 is expected to be in the
range of 4-5 percent. EBIT and net cash from operations are expected to be
stronger in the second half of 2002 than in the first half.

ABB's target is to grow revenues on average by 6 percent annually in the period
2001-2005. EBIT margin is expected to reach 9-10 percent by 2005.
<PAGE>
Employees

As of March 31, 2002, ABB employed 151,829 people compared to 156,865 at
year-end 2001. Since June 30, 2001, the number of jobs (excluding acquisitions
and divestments) decreased by more than 9,300.

Asbestos update

New claims filed during the first quarter of 2002 in connection with asbestos
litigation against Combustion Engineering, a U.S. subsidiary, were about 14,300,
a decrease of 5 percent compared to the fourth quarter of 2001.

Of about 13,300 claims settled during the period, more than 50 percent were
settled without payment.

Settlement costs prior to insurance reimbursement were US$ 51 million, up from
US$ 37 million in the first quarter last year.

As a result of intensified efforts to identify and settle valid claims and
dispute claims that appear baseless, the number of pending claims remained at
around 94,000 after the first quarter.

Combustion Engineering considers that the full-year trends for 2002 for new
claim filings, claims settled and cash settlements cannot be reliably estimated
based on the first quarter developments and does not consider it necessary to
change provisions.

Technology

Industrial IT, a common systems integration architecture, harmonizes all ABB
offerings and allows the inclusion of third-party products in ABB's
installations for utility and industry customers.

The process of certifying ABB products to its Industrial IT standards was well
ahead of schedule by the end of the first quarter of 2002. Some 9,000 ABB
products and product lines have now been certified. Close to 8,000 were
certified in the first quarter and ABB is committed to ratify all relevant
products and product lines by year-end - a total of about 40,000.

ABB opened a research and development center in the Indian city of Bangalore to
concentrate on software development and Industrial IT. Some 50 software
engineers and programmers are working at the center.

Board of directors

The ABB Board of Directors, in its first meeting for 2002, constituted two board
committees designed to strengthen ABB's corporate governance. The Nomination and
Compensation Committee will be headed by board chairman Jurgen Dormann, with
Martin Ebner and Hans Ulrich Maerki as other members. Bernard Voss will head the
Finance and Audit committee, whose other members are Jacob Wallenberg and Roger
Agnelli.

Division reviews

Power and Automation Technology Products serve their customers through external
channel partners and ABB's end-user divisions. As part of ABB's customer-centric
strategy, some customers are progressively being served directly by channel
partners such as wholesalers, systems integrators and distributors. As a result,
orders, revenues and earnings associated with these customers are no longer
reflected in the end-user divisions. At the same time, internal eliminations
(currently presented in the line item Corporate/Other) decrease accordingly.
There is no impact on the Group's consolidated results.

The ABB Group's reporting currency is the U.S. dollar, which strengthened
against most of ABB's local currencies since last year. The strengthened dollar
continued to impact results unfavorably
<PAGE>
during the first quarter. All figures reflect the first three months activity
and, except for EBIT margins, comments refer to local currency figures.

EBIT excluding capital gains is shown only if the aggregate of such gains for
the division is material (in any case, if capital gains represent more than 10
percent of divisional EBIT).

Utilities

<TABLE>
<CAPTION>
------------------------------------ ---------------- ----------------- ---------------- -----------------
   US$ in millions, except where         Jan - March   Jan- March 2001           Change            Change
             indicated                          2002                                             in local
                                                                                               currencies
------------------------------------ ---------------- ----------------- ---------------- -----------------
<S>                                          <C>               <C>                <C>               <C>
Orders                                         1,455             1,700            - 14%             - 11%
------------------------------------ ---------------- ----------------- ---------------- -----------------
Revenues                                       1,075             1,196            - 10%              - 7%
------------------------------------ ---------------- ----------------- ---------------- -----------------
               EBIT                               32                40            - 20%             - 17%
------------------------------------ ---------------- ----------------- ---------------- -----------------
            EBIT margin                         3.0%              3.3%
------------------------------------ ---------------- ----------------- ---------------- -----------------
</TABLE>

In the Americas, demand from independent power producers for plant and control
systems slowed. In several key markets investment shifted from power sources to
transmission and distribution.

Highlights of the quarter included a US$ 50 million order to install a new
high-voltage direct current transmission system between the eastern and western
power grids of the U.S., scheduled to enter commercial operation in October
2003. The division simplified its business structure, reducing the number of
business areas to three. This sharpened its focus on growing consulting and
field service business, as well as reducing cost overheads.

First quarter orders declined 11 percent due to lower base orders, mainly
because Power Technology Products served progressively more customers via
channel partners. Base orders also declined as a result of the slowdown in the
power generator and substations business. The decline in base orders was partly
offset by higher large orders.

Revenues decreased 7 percent in line with the lower volume of base orders. The
decline was partly offset by increased sales in Utility Automation and Utility
Partner business areas.

EBIT fell 17 percent mainly on lower product sales, although underlying
operational performance actually improved on a like-for-like basis. EBIT margin
was 3 percent.


Process Industries

<TABLE>
<CAPTION>
------------------------------------ ---------------- ---------------- ----------------- ----------------
   US$ in millions, except where         Jan - March  Jan- March 2001            Change           Change
             indicated                          2002                                            in local
                                                                                              currencies
------------------------------------ ---------------- ---------------- ----------------- ----------------
<S>                                            <C>            <C>               <C>               <C>
Orders                                           808            1,055             - 23%            - 19%
------------------------------------ ---------------- ---------------- ----------------- ----------------
Revenues                                         633              775             - 18%            - 15%
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT                                              30               35             - 14%            - 12%
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT margin                                     4.7%             4.5%
------------------------------------ ---------------- ---------------- ----------------- ----------------
</TABLE>

The slowdown in the world economy continued to have a negative impact on
customer demand in the process industries, as many customers reduced or delayed
capital expenditures. Nevertheless, the division established several new
alliances and frame agreements, and has put in place its new service
organization.

Highlights of the first quarter included new product launches, including
ProduceIT ME and Industrial IT for Basic Quality Control, aimed respectively at
the fast-growing pharmaceuticals and Chinese paper machine markets.

Orders decreased 19 percent compared with the first quarter of 2001. This was
largely due to selected customers being served more directly by channel partners
selling ABB's automation and power technology products. Compared with the third
and fourth quarters of 2001, first quarter orders showed double digit increases
- largely driven by strong growth in Paper, Printing, Metals and Minerals.

Reflecting the order downturn in the second half of 2001, first quarter revenues
declined by 15 percent. Excluding ABB product sales now handled via channel
partners, revenues increased in Marine and Turbocharging and Petroleum, Chemical
and Life Sciences.

First quarter EBIT decreased 12 percent, mainly due to the drop in year-on-year
volumes for Paper, Printing, Metals and Minerals. EBIT reported by all other
business areas was flat or improved. EBIT margin increased slightly to 4.7
percent as a result of cost-cutting to improve productivity, including a 2
percent reduction in jobs during the first quarter.

Manufacturing and Consumer Industries

<TABLE>
<CAPTION>
------------------------------------ ---------------- ---------------- ----------------- ----------------
   US$ in millions, except where         Jan - March  Jan- March 2001            Change           Change
             indicated                          2002                                            in local
                                                                                              currencies
------------------------------------ ---------------- ---------------- ----------------- ----------------
<S>                                             <C>            <C>                <C>             <C>
Orders                                           959            1,337             - 28%            - 25%
------------------------------------ ---------------- ---------------- ----------------- ----------------
Revenues                                         841            1,163             - 28%            - 24%
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT                                             - 6               37                NA               NA
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT margin                                       NA             3.2%
------------------------------------ ---------------- ---------------- ----------------- ----------------
</TABLE>


Despite continued low investment levels in most manufacturing and consumer
industries - electronics, computers, telecoms and automotive - there were
cautious signs of recovery in specific market segments. The building
construction market continued to weaken, particularly in Europe.

First quarter orders dropped 25 percent compared with the same period last year,
with the sharpest decline in Building Systems. Orders were up 3 percent versus
the fourth quarter, reflecting higher order intake in all business areas except
Logistics Systems

Year-on-year, first quarter revenues were down by 24 percent. The largest
reductions were in Automotive and Building Systems, reflecting both lower order
backlogs and reduced product sales. Lower product sales resulted from the
transfer of smaller customers to more direct supply by ABB's product divisions.

EBIT was a loss of US$ 6 million for the first quarter, mainly due to low
volumes and restructuring costs.

<PAGE>
Oil, Gas and Petrochemicals

<TABLE>
<CAPTION>
------------------------------------ ---------------- ---------------- ----------------- ----------------
   US$ in millions, except where         Jan - March  Jan- March 2001            Change           Change
             indicated                          2002                                            in local
                                                                                              currencies
------------------------------------ ---------------- ---------------- ----------------- ----------------
<S>                                            <C>              <C>              <C>            <C>
              Orders                             627              961             - 35%            - 34%
------------------------------------ ---------------- ---------------- ----------------- ----------------
Revenues                                         972              769             + 26%            + 29%
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT                                              45               41             + 10%            + 10%
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT margin                                     4.6%             5.3%
------------------------------------ ---------------- ---------------- ----------------- ----------------
</TABLE>

In Upstream markets, oil prices have recently recovered and are again within the
US$ 22 - 28 per barrel OPEC band, mainly as a result of fears over the Middle
East conflict. Higher prices have not resulted in significantly increased
investment, however, as the longer-term outlook remains uncertain. In
Downstream, low levels of activity have continued into the first quarter of
2002.

Highlights of the quarter included a US$ 165 million contract to expand an
ethylene plant in Poland, as well an important ethylbenzene technology
conversion project with Dow Chemical, a strategic alliance with China Petroleum
& Chemical Corporation, and a maintenance and modification frame agreement with
the Norwegian Statoil company for several of its installations.

Orders decreased 34 percent compared with first quarter 2001, which had a
particularly high order intake. Several large Upstream projects were awarded in
the first quarter, as well as important technology license projects in
Downstream.

First quarter revenues increased 29 percent overall, fed by Upstream's high
order backlog. Downstream revenues also increased, but more modestly given its
lower backlog.

EBIT increased 10 percent compared with first quarter 2001, although EBIT margin
decreased to 4.6 percent.

Power Technology Products

<TABLE>
<CAPTION>
------------------------------------ ---------------- ---------------- ----------------- ----------------
   US$ in millions, except where         Jan - March  Jan- March 2001            Change           Change
             indicated                          2002                                            in local
                                                                                              currencies
------------------------------------ ---------------- ---------------- ----------------- ----------------
<S>                                            <C>              <C>               <C>              <C>
Orders                                         1,133            1,105             +  3%             +  7%
------------------------------------ ---------------- ---------------- ----------------- ----------------
Revenues                                         992              855             + 16%             + 21%
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT                                              66               64              + 3%             +  6%
------------------------------------ ---------------- ---------------- ----------------- ----------------
EBIT margin                                     6.7%             7.5%
------------------------------------ ---------------- ---------------- ----------------- ----------------
</TABLE>

Good demand continued in Asian markets - particularly China - while Europe and
the Americas were mixed. The Middle East and Africa showed increased investment
activity.

First quarter orders increased 7 percent compared with the same period in 2001,
as base orders showed double-digit improvement. Order growth was fuelled by
Power Transformers, while Distribution Transformers showed modest growth and
High-Voltage Technology was negatively impacted by the timing of large orders.
Compared with the fourth quarter of 2001, orders grew by 21 percent on increased
demand and higher product sales across all business areas.

Revenues were up 21 percent for the first quarter of 2002, mainly driven by
double-digit growth in High-Voltage Technology and Power Transformers. Revenues
increased substantially despite an 8 percent reduction in the division's
workforce since June 2001, indicating good progress in its productivity program.

Despite significantly higher restructuring charges, EBIT increased 6 percent and
EBIT margin declined to 6.7 percent. Excluding restructuring, EBIT increased by
about 40 percent.

Automation Technology Products

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
   US$ in millions, except where         Jan - March     Jan- March         Change            Change
             indicated                          2002           2001                           in local
                                                                                              currencies
---------------------------------------------------------------------------------------------------------
<S>                                        <C>               <C>                <C>             <C>
Orders                                         1,320            1,419              - 7%             - 3%
---------------------------------------------------------------------------------------------------------
Revenues                                       1,221            1,276              - 4%           +/- 0%
---------------------------------------------------------------------------------------------------------
EBIT                                              81              112             - 28%            - 25%
---------------------------------------------------------------------------------------------------------
EBIT margin                                     6.6%             8.8%
---------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>
Demand for  automation  products  was weak  overall  during  the first  quarter,
although  some  sectors - for  example,  robotics  and drives - showed the first
signs of recovery  from very  depressed  levels in the second  half of 2001.  In
particular, U.S. markets remained slow, while Asia - particularly China -

continue to grow.

First quarter orders were down 3 percent  compared with the same period in 2001,
with all  business  areas  reporting  lower  volumes.  Compared  with the fourth
quarter,  order intake showed an 11 percent  increase on strong growth in Drives
and Power  Electronics  and Motors and Machines,  with a more modest increase in
Low-Voltage  Products.  Order intake in Control and  Instrumentation  as well as
Robotics was slightly down from the fourth quarter of 2001.

Revenues  were flat  quarter-on-quarter,  but declined 7 percent from the fourth
quarter 2001.

EBIT dropped 25 percent  compared  with the first quarter of 2001 mainly on as a
result of the timing of restructuring charges. Accordingly, EBIT margin declined
to 6.6 percent.  Compared with the fourth quarter, EBIT increased sharply due to
lower restructuring charges and the first benefits of an 8 percent job reduction
during the second half of 2001.

Financial Services
<TABLE>


-----------------------------------------------------------------------------------------------------

   US$ in millions, except      Jan - March    Jan- March            Change           Change
     where indicated                   2002          2001                             in local
                                                                                      currencies
-----------------------------------------------------------------------------------------------------
<S>                                 <C>           <C>             <C>              <C>
Revenues                               336           479             - 30%             - 27%
-----------------------------------------------------------------------------------------------------
EBIT                                    82            84              - 2%              + 3%
-----------------------------------------------------------------------------------------------------
</TABLE>

General  interest  rates  trended  upward,  with reduced  volatility  in foreign
exchange  markets.  Insurance  premiums were higher than last year, as insurance
companies recouped September 11 losses.

Revenues dropped 27 percent compared with the first quarter of 2001,  mainly due
to run-off of the  Scandinavian  Re portfolio and  associated  lower premium and
investment income.  Treasury Centers also reported lower revenues as a result of
flat trading markets.

First quarter EBIT increased 3 percent,  as a good technical result in Insurance
was somewhat offset by lower  investment  results.  Structured  Finance reported
strong  earnings from Swedish Export Credit (SEK).  Equity Ventures and Treasury
Centers reported  moderately  lower earnings  compared with the same period last
year.

Corporate/Other

<TABLE>
------------------------------------------------------------------------------------------------------
         US$ in millions, except where indicated           Jan - March 2002       Jan- March 2001
------------------------------------------------------------------------------------------------------

                       EBIT                                          - 95                   - 79
------------------------------------------------------------------------------------------------------
<S>                                                              <C>                   <C>
    New Ventures                                                      -21                   - 20
------------------------------------------------------------------------------------------------------
    Corporate R & D                                                   -18                   - 21
-------------------------------------------------------------------------------------------------------
    Group Processes                                                   -30                   - 12
------------------------------------------------------------------------------------------------------
    Real estate                                                        12                     18
------------------------------------------------------------------------------------------------------
    Elimination of AFS interest income                                -36                   - 30
------------------------------------------------------------------------------------------------------
    Other Corporate                                                   -62                   - 15
------------------------------------------------------------------------------------------------------
    Capital Gains                                                      60                      1
------------------------------------------------------------------------------------------------------
</TABLE>

For the first quarter,  total operating costs from Corporate/Other  increased to
US$ 95 million.  Corporate Research and Development costs decreased,  mainly due
to the reduction of overlapping projects. As a result of consolidating processes
across group companies, expenses for Group Processes increased.

<PAGE>


Other Corporate  mainly includes costs for the corporate  functions  provided by
group  holding  companies.  In the first  quarter  of 2002,  it also  includes a
non-recurring recovery of a prior period cost of US$ 38 million (net of expected
tax  costs),  offset  by  non-recurring  costs  of US$ 45  million,  principally
relating to inventory and land.

Most of the capital  gain  recorded in the first  quarter of 2002 relates to the
divestment of the Air Handling business.

Reporting dates

The remaining  quarterly  reporting  dates in 2002 for ABB Ltd are scheduled for
July 24 and October 24.

The company  will host a conference  call for analysts and  investors to discuss
its first quarter results today at 15:00 Central  European Time.  Teleconference
callers  should  dial +41 91 610 4111 in Europe  and +1 412 858 4600 in the U.S.
and Canada.  The  facility  is also  available  to the media on a "listen  only"
basis.

The 2002 first quarter results release and presentation slides will be available
from the morning of Wednesday, April 24th on the ABB Investor Relations homepage
at www.abb.com/investorrelations.

The  audio  playback  of the  conference  call  will be  available  for 72 hours
following the conference call on +41 91 610 2500 (Europe) and +1 412 858 1440 in
the U.S. and Canada. The PIN number is 605#.

ABB  (www.abb.com) is a global leader in power and automation  technologies that
enable  utility and industry  customers to improve  performance  while  lowering
environmental impact. ABB has 152,000 employees in more than 100 countries.

This press release includes forward-looking  information and statements that are
subject to risks and  uncertainties  that could cause actual  results to differ.
These  statements are based on current  expectations,  estimates and projections
about global  economic  conditions,  the economic  conditions of the regions and
industries  that are major  markets for ABB Ltd and ABB Ltd's lines of business.
These  expectations,  estimates and  projections  are generally  identifiable by
statements  containing  words  such as  "expects",  "believes",  "estimates"  or
similar expressions. Important factors that could cause actual results to differ
materially from those expectations  include,  among others,  economic and market
conditions in the  geographic  areas and  industries  that are major markets for
ABB's  businesses,  market  acceptance of new products and services,  changes in
governmental  regulations,  interest rates,  fluctuations  in currency  exchange
rates and such  other  factors  as may be  discussed  from time to time in ABB's
filings  with the U.S.  Securities  and  Exchange  Commission.  Although ABB Ltd
believes that its expectations  reflected in any such forward-looking  statement
are based  upon  reasonable  assumptions,  it can give no  assurance  that those
expectations will be achieved.



For more information please contact:


--------------------------------------------------------------------------------
Media Relations:                        Investor Relations:
--------------------------------------------------------------------------------
ABB Corporate Communications, Zurich    Switzerland: Tel. +41 43 317 38 04
--------------------------------------------------------------------------------
Thomas Schmidt                          Sweden: Tel. +46 21 325 719
--------------------------------------------------------------------------------
Tel:  +41 43 317 6492                   USA: Tel. + 1 203 750 7743
--------------------------------------------------------------------------------
Fax: +41 43 317 6494                    investor.relations@ch.abb.com
--------------------------------------------------------------------------------
media.relations@ch.abb.com
--------------------------------------------------------------------------------





<PAGE>



                                     ABB Ltd
                     Summary Consolidated Income Statements

<TABLE>

                                                                                          January - March
                                                                              ---------------------------------------

                                                                                     2002                 2001
                                                                                   -------               ------
                                                                                             (Unaudited)
                                                                                   (in millions, except per share data)
<S>                                                                                <C>                 <C>
Revenues.................................................................          $      5,149        $      5,380
Cost of sales............................................................                (3,913)             (3,982)
                                                                                  --------------       --------------
Gross profit.............................................................                 1,236               1,398
Selling, general and administrative expenses.............................                (1,007)             (1,054)
Amortization expense.....................................................                   (12)                (58)
Other income, net........................................................                    18                  48
                                                                                  --------------       --------------
Earnings before interest and taxes.......................................                   235                 334
Interest and dividend income.............................................                   102                 142
Interest and other finance expense.......................................                  (151)               (180)
                                                                                  --------------       --------------
Income from continuing operations before taxes and minority interest.....                   186                 296
Provision for taxes......................................................                   (57)                (87)
Minority interest........................................................                   (21)                 (8)
                                                                                  --------------       --------------
Income from continuing operations........................................                   108                 201
Extraordinary gain on debt extinguishment, net of tax....................                     6                 ---
Cumulative effect of  change in accounting principles (SFAS 133),
net of tax...............................................................                   ---                 (63)
                                                                                  --------------       --------------
Net income...............................................................          $        114        $        138
                                                                                  ==============       ==============

Weighted average shares outstanding......................................                 1,113               1,172
Dilutive potential shares................................................                   ---                   5
                                                                                  --------------       --------------
Diluted weighted average shares outstanding..............................                 1,113               1,177
                                                                                  ==============       ==============

Basic earnings per share:
    Income from continuing operations....................................          $      0.10         $       0.17
    Net income...........................................................          $      0.10         $       0.12

Diluted earnings per share:
    Income from continuing operations....................................          $      0.10         $       0.17
    Net income...........................................................          $      0.10         $       0.12


</TABLE>


<PAGE>


<TABLE>

                                     ABB Ltd
                       Summary Consolidated Balance Sheets
                                                                                 At March 31,       At December 31,
                                                                                     2002                 2001
                                                                                --------------      ---------------
                                                                                 (Unaudited)            (Audited)
                                                                                           (in millions)
<S>                                                                             <C>                 <C>
Cash and equivalents.....................................................          $      3,992        $      2,767
Marketable securities....................................................                 2,591               2,946
Receivables, net.........................................................                 8,277               8,368
Inventories, net.........................................................                 3,201               3,075
Prepaid expenses and other...............................................                 1,973               2,358
                                                                                  ---------------      --------------
Total current assets.....................................................                20,034              19,514
Financing receivables, non-current.......................................                 4,399               4,263
Property, plant and equipment, net.......................................                 3,045               3,003
Goodwill and other intangible assets, net................................                 3,284               3,299
Investments and other....................................................                 2,277               2,265
                                                                                  ---------------      --------------
Total assets.............................................................          $     33,039        $     32,344
                                                                                  ===============      ==============

Accounts payable, trade..................................................          $      3,916        $      3,991
Accounts payable, other..................................................                 2,442               2,710
Short-term borrowings and current maturities of long-term borrowings.....                 6,683               4,747
Accrued liabilities and other............................................                 7,091               7,587
                                                                                  ---------------      --------------
Total current liabilities................................................                20,132              19,035
Long-term borrowings.....................................................                 4,387               5,043
Pension and other related benefits.......................................                 1,687               1,688
Deferred taxes...........................................................                 1,387               1,360
Other liabilities........................................................                 2,990               2,989
                                                                                  ---------------      --------------
Total liabilities........................................................                30,583              30,115
Minority interest........................................................                   217                 215
  Capital stock and additional paid-in capital (1,280,009,432
   shares authorized, 1,200,009,432 shares issued).......................                 2,028               2,028
     Retained earnings...................................................                 3,549               3,435
  Accumulated other comprehensive income.................................                (1,588)             (1,699)
  Treasury stock, at cost (86,875,616 shares)............................                (1,750)             (1,750)
                                                                                  ---------------      --------------
Total stockholders' equity...............................................                 2,239               2,014
                                                                                  ---------------      --------------
Total liabilities and stockholders' equity...............................          $     33,039        $     32,344
                                                                                  ===============      ==============
</TABLE>

<PAGE>




                                     ABB Ltd
                  Summary Consolidated Statements of Cash Flows


<TABLE>

                                                                                          January - March
                                                                                  ------------------------------
                                                                                     2002                 2001
                                                                                  ---------             --------
                                                                                            (Unaudited)
                                                                                           (in millions)

<S>                                                                           <C>                <C>
Operating activities
Income from continuing operations........................................        $     108           $     201
Adjustments to reconcile income from continuing operations to net cash
  provided by operating activities:
    Depreciation and amortization........................................              152                 190
    Restructuring provisions.............................................               24                  (8)
    Pension and post-retirement benefits.................................                1                   1
    Deferred taxes.......................................................                6                  26
    Net gain from sale of  property, plant and equipment.................               (3)                 (2)
    Other................................................................              (40)                (61)
    Changes in operating assets and liabilities
           Marketable securities (trading)...............................               66                 (36)
           Trade receivables.............................................              347                  83
           Inventories...................................................             (164)               (342)
           Trade payables................................................              (33)                100
           Other assets and liabilities, net.............................             (602)               (369)
                                                                                --------------      -------------

Net cash used in operating activities....................................        $    (138)          $    (217)
                                                                                --------------      -------------

Investing activities
Changes in financing receivables.........................................             (153)               (540)
Purchases of marketable securities (other than trading)..................             (836)               (890)
Purchases of property, plant and equipment...............................             (152)               (189)
Acquisitions of businesses (net of cash acquired)........................              (10)                (19)
Proceeds from sales of marketable securities (other than trading)........            1,103               1,022
Proceeds from sales of property, plant and equipment.....................               23                  23
Proceeds from sales of businesses (net of cash disposed).................              170                   8
                                                                                --------------      -------------

Net cash provided by (used in) investing activities......................        $     145           $    (585)
                                                                                --------------      -------------
Financing activities
Changes in borrowings ...................................................            1,336               2,476
Treasury and capital stock transactions..................................              ---                (579)
Dividends paid...........................................................              ---                (502)
Other....................................................................              (69)                (24)
                                                                                --------------      -------------

Net cash provided by financing activities................................        $   1,267           $   1,371
                                                                                --------------      -------------
Net cash used in discontinued operations.................................              (43)                (62)
Effects of exchange rate changes on cash and equivalents.................               (6)                (44)
                                                                                --------------      -------------

Net change in cash and equivalents.......................................            1,225                 463
Cash and equivalents (beginning of year).................................            2,767               1,397
                                                                                --------------      -------------
Cash and equivalents (end of period).....................................        $   3,992           $   1,860
                                                                                ==============      =============

Interest paid............................................................        $     137           $     177
Taxes paid...............................................................        $      43           $     122

</TABLE>

     ABB Ltd notes to summary consolidated financial statements (Unaudited)
                  (US$ in millions, except per share amounts)



Note 1  Developments in the three months ended:

     o    Annual general meeting
          At the Company's  annual  general  meeting held on March 12, 2002, the
          Company's  shareholders  approved the resolution to not pay a dividend
          in 2002.  In addition,  shareholders  approved the  resolution  to not
          effect a capital  reduction of 24 million shares  purchased during the
          first half of 2001, as a result of changed market conditions.

     o    Restructuring program
          In  July  2001,  the  Company   announced  a   restructuring   program
          anticipated to extend over 18 months.  This restructuring  program was
          initiated  in an effort to simplify  product  lines,  reduce  multiple
          location  activities  and  perform  other  downsizing  in  response to
          consolidation of major customers in certain industries.

          As of March 31, 2002,  the Company  recognized  charges of $47 million
          relating  to  workforce  reductions  and $6 million  relating to lease
          terminations  and other exit costs  associated with the  restructuring
          program.  These costs are  included in other  income  (expense),  net.
          Based on analysis, Management's estimate has been revised resulting in
          a $10 million reduction in the amounts accrued for lease  terminations
          and other exit costs.  This  revision is  recognized as a component of
          other income (expense),  net. Termination benefits of $24 million were
          paid in the first quarter of 2002 to  approximately  600 employees and
          $8 million was paid to cover costs associated with lease  terminations
          and  other  exit  costs.   Workforce  reductions  include  production,
          managerial and  administrative  employees.  At March 31, 2002, accrued
          liabilities  included  $102 million for  termination  benefits and $28
          million for lease terminations and other exit costs.

          As a result of the Company's  restructuring,  certain assets have been
          identified  as  impaired  or will  no  longer  be  used in  continuing
          operations.  The  Company  recorded  $12  million  to write down these
          assets to net  realizable  value.  These  costs are  included in other
          income (expense), net.

     o    Borrowings
          The  Company's  total  borrowings  outstanding  at December  31, 2001,
          amounted to $9,790 million, of which $3,297 million was in the form of
          commercial paper with an average interest rate of 2.7%. In March 2002,
          the Company  drew down $2,845  million,  at an interest  rate of 4.7%,
          from a $3 billion  committed  bank  facility  established  in December
          2001,  using a portion of these  proceeds  to reduce  its  outstanding
          commercial paper borrowings to $1,536 million at March 31, 2002.


     o    Commitments and contingencies

          Asbestos related claims

          A subsidiary  of the Company has followed a practice of  maintaining a
          reserve to cover its estimated  settlement  costs for asbestos  claims
          and an  asset  representing  estimated  insurance  reimbursement.  The
          reserve  represents an estimate of the costs  associated with asbestos
          claims,  including defense costs, based upon historical claims trends,
          available  industry  information and incidence rates of new claims. At
          December 31, 2001,  the  subsidiary  had reserved  approximately  $940
          million,  for  asbestos-related  claims.  The subsidiary also recorded
          receivables  of  approximately  $150 million at December 31, 2001, for
          probable  insurance  recoveries.   Allowances  against  the  insurance
          receivables  are  established  at such time as it becomes  likely that
          insurance  recoveries  are not  probable.  New claims filed during the
          first three months of 2002 were approximately 14,300, a decrease of 5%
          compared to the fourth  quarter of 2001. Of the  approximately  13,400
          claims settled during the period,  more than 50% were settled  without
          payment.  Settlement costs prior to insurance  reimbursement  were $51
          million,  up from $37 million in the first three months of 2001.  As a
          result of intensified  efforts to identify and settle valid claims and
          dispute  claims that  appear  baseless,  the number of pending  claims
          remained  at  approximately  94,000 at the end March  2002.  Trends as
          regards new claim filings,  claims settled and cash settlements cannot
          be estimated  reliably  based on the first quarter  developments,  and
          consequently no additional charges have been recorded.



Note 2  Significant Accounting Policies

The  summary  consolidated  financial  information  is  prepared on the basis of
United States (U.S.) generally accepted  accounting  principles  (USGAAP) and is
presented  in U.S.  dollars  ($) unless  otherwise  stated.  Data for orders and
number of employees are shown for purposes of presenting  additional  disclosure
and are not required disclosure under USGAAP.


<PAGE>


Par value of capital stock is  denominated  in Swiss francs  (CHF).  The summary
financial  information as of March 31, 2002 should be read in  conjunction  with
the December 31, 2001  financial  statements  contained in the Company's  Annual
Report.

At the Company's  annual  general  meeting held on March 20, 2001, the Company's
shareholders  approved  a  four-for-one  share  split.  The share  split  became
effective as of May 7, 2001. All per share amounts in the consolidated financial
statements  have been  presented  as if the share  split had  occurred as of the
earliest period presented.

New accounting standards


The Company  accounted  for the adoption of  Statement  of Financial  Accounting
Standards No. 133, Accounting for Derivative Instruments and Hedging Activities,
as  amended,  as a  change  in  accounting  principle.  Based  on the  Company's
derivative  positions at January 1, 2001, the Company  recognized the cumulative
effect of the  accounting  change as a loss of $63  million,  net of tax, in the
consolidated  income  statement  and a reduction of $41 million,  net of tax, in
accumulated other comprehensive income (loss).

In June 2001,  the  Financial  Accounting  Standards  Board issued  Statement of
Financial Accounting Standards No. 141, Business Combinations,  and Statement of
Financial Accounting Standards No. 142 (SFAS 142), Goodwill and Other Intangible
Assets,  which modify the  accounting  for business  combinations,  goodwill and
identifiable  intangible assets. All business combinations  initiated after June
30,  2001,  must  be  accounted  for  by  the  purchase  method.  Goodwill  from
acquisitions  completed  after that date will not be  amortized.  The Company is
required to test all goodwill for impairment as of January 1, 2002, and record a
transition  adjustment  if  impairment  exists.  The Company  does not expect to
record a material  transition  adjustment  in  connection  with such  impairment
testing in 2002.  As of January 1, 2002,  goodwill has no longer been  amortized
but will be  charged  to  operations  when  specified  tests  indicate  that the
goodwill is impaired.  The Company recognized goodwill  amortization  expense of
$46 million in the three months ended March 31, 2001.  Accordingly,  income from
continuing  operations  and net income would have been $247  million  ($0.21 per
share) and $184  million  ($0.16 per share),  respectively,  in the three months
ended March 31, 2001, if the Company had not recognized amortization expense for
goodwill that is no longer being amortized in accordance with SFAS 142.

In August 2001, the Financial  Accounting  Standards  Board issued  Statement of
Financial Accounting Standards No. 144 (SFAS 144), Accounting for the Impairment
or Disposal  of  Long-Lived  Assets.  This  Statement  supersedes  Statement  of
Financial  Accounting  Standards  No.  121,  Accounting  for the  Impairment  of
Long-Lived  Assets and for Long-lived  Assets to Be Disposed Of, while retaining
many of its requirements  regarding impairment loss recognition and measurement.
In addition,  the new  Statement  requires the use of one  accounting  model for
long-lived  assets to be disposed of by sale and  broadens the  presentation  of
discontinued  operations  to include  more  disposal  transactions.  The Company
adopted this  statement on January 1, 2002.  The impact of adopting SFAS 144 was
not  material,  although  the  Company  expects to  present  more  disposals  as
discontinued operations as a result of adopting SFAS 144.

Note 3  Summary of Consolidated Stockholders' Equity

<TABLE>

<S>                                                                                <C>      <C>
Stockholders' equity at January 1, 2002.........................................            $2,014
Comprehensive income:
Net income......................................................................   114
Foreign currency translation adjustments........................................    69
Unrealized gain on available-for-sale securities, net of tax....................    10
Derivatives qualifying as hedges (SFAS 133), net of tax.........................    32
                                                                                  ------
Total comprehensive income......................................................               225
                                                                                            ------
Stockholders' equity at March 31, 2002..........................................            $2,239
                                                                                            ======
</TABLE>
<PAGE>

Note 4  Segment and Geographic Data

During 2001,  the Company  realigned its worldwide  enterprise  around  customer
groups, replacing its former business segments with four end-user divisions, two
channel partner divisions,  and a financial services division. The four end-user
divisions  -  Utilities,   Process   Industries,   Manufacturing   and  Consumer
Industries,  and Oil, Gas and  Petrochemicals  - serve  end-user  customers with
products,  systems  and  services.  The two  channel  partner  divisions - Power
Technology Products and Automation  Technology Products - serve external channel
partners such as wholesalers, distributors, original equipment manufacturers and
system  integrators  directly  and  end-user  customers  indirectly  through the
end-user  divisions.  The  Financial  Services  division  provides  services and
project support for the Company as well as for external customers.

     o    The Utilities  division  serves  electric,  gas and water  utilities -
          whether  state-owned  or  private,   global  or  local,  operating  in
          liberalized  or  regulated  markets - with a  portfolio  of  products,
          services  and  systems.   The  division's   principal   customers  are
          generators  of  power,  owners  and  operators  of power  transmission
          systems, energy traders and local distribution companies.

     o    The  Process  Industries  division  serves  the  chemical,  gas,  life
          sciences,  marine, metals, minerals, mining, cement, paper, petroleum,
          printing and turbocharging  industries with process-specific  products
          and  services   combined  with  the  Company's  power  and  automation
          technologies.

     o    The  Manufacturing  and Consumer  Industries  division sells products,
          solutions  and  services  that  improve   customer   productivity  and
          competitiveness    in   areas   such   as    automotive    industries,
          telecommunications,  consumer  goods,  food and beverage,  product and
          electronics  manufacturing,  airports,  parcel and cargo distribution,
          and public, industrial and commercial buildings.

     o    The Oil,  Gas and  Petrochemicals  division  supplies a  comprehensive
          range of  products,  systems and  services to the global oil,  gas and
          petrochemicals  industries,   from  the  development  of  onshore  and
          offshore  exploration   technologies  to  the  design  and  supply  of
          production facilities, refineries and petrochemicals plants.

     o    The Power Technology  Products  division covers the entire spectrum of
          technology for power  transmission  and power  distribution  including
          transformers,  switchgear,  breakers, capacitors and cables as well as
          other   products,   platforms   and   technologies   for   high-   and
          medium-voltage  applications.  Power  technology  products are used in
          industrial, commercial and utility applications. They are sold through
          the Company's end user divisions as well as through  external  channel
          partners,  such as  distributors,  contractors and original  equipment
          manufacturers and system integrators.

     o    The  Automation   Technology   Products  division  provides  products,
          software  and  services  for  the  automation  and   optimisation   of
          industrial  and  commercial   processes.   Key  technologies   include
          measurement and control, instrumentation, process analysis, drives and
          motors,  power  electronics,  robots,  and low-voltage  products,  all
          geared  toward one common  industrial  IT  architecture  for real-time
          automation  and  information  solutions  throughout a business.  These
          technologies are sold to customers  through the end-user  divisions as
          well  as  through  external  channel  partners  such  as  wholesalers,
          distributors, original equipment manufacturers and system integrators.

     o    The Financial  Services division  supports the Company's  business and
          customers with  financial  solutions in structured  finance,  leasing,
          project development and ownership, financial consulting, insurance and
          treasury activities.

The Company  evaluates  performance  of its divisions  based on earnings  before
interest and taxes (EBIT), which excludes interest and dividend income, interest
expense,  provision for taxes,  minority interest,  and income from discontinued
operations,  net of tax. In accordance  with  Statement of Financial  Accounting
Standards  No. 131,  Disclosures  about  Segments of an  Enterprise  and Related
Information,   the  Company  presents   division   revenues,   depreciation  and
amortization, EBIT, and net operating assets, all of which have been restated to
reflect the changes to the Company's internal structure, including the effect of
increased inter-division transactions.  Accordingly,  division revenues and EBIT
are presented as if certain historical  third-party sales by subsidiaries in the
product  divisions had been routed  through  other  divisions as they would have
been  under  the  new  customer-centric   structure.   Management  has  restated
historical  division  financial  information  in this way to allow  analysis  of
trends in division revenues and margins on a basis consistent with the Company's
new internal structure and transaction flow.
<PAGE>

Recent developments

In  line  with  the  Company's   strategy  to  focus  on  power  and  automation
technologies  for utility and  industry  customers,  the  Company  announced  it
intends to divest the Building  Systems  business  area,  currently  part of the
Manufacturing and Consumer Industries  division.  The other three business areas
in the Manufacturing and Consumer  Industries division will be combined with the
Process Industries division into a new Industries division.

Segment data

                                      Orders received            Revenues
                                      January - March         January - March
                                    --------------------    --------------------
                                      2002        2001        2002        2001
                                    --------    --------    --------    --------
Utilities.......................    $ 1,455     $ 1,700     $ 1,075     $ 1,196
Process Industries..............        808       1,055         633         775
Mfg and Consumer Industries.....        959       1,337         841       1,163
Oil, Gas and Petrochemicals.....        627         961         972         769
Power Technology Products.......      1,133       1,105         992         855
Automation Technology Products        1,320       1,419       1,221       1,276
Financial Services..............        336         479         336         479
Corporate/ Other (1)............     (1,115)     (1,270)       (921)     (1,133)
                                    --------     -------    --------    --------
Total...........................    $ 5,523     $ 6,786     $ 5,149     $ 5,380
                                    ========    ========    ========    ========

                                           EBIT              Depreciation and
                                    (operating income)         amortization
                                     January - March          January - March
                                    --------------------    --------------------
                                      2002       2001        2002         2001
                                    --------    --------    --------    --------
Utilities.......................    $    32    $    40     $    12      $    18
Process Industries..............         30         35           9           17
Mfg and Consumer Industries.....         (6)        37           6           12
Oil, Gas and Petrochemicals.....         45         41          11           17
Power Technology Products.......         66         64          32           29
Automation Technology Products           81        112          41           61
Financial Services..............         82         84           4            6
Corporate/Other (1).............        (95)       (79)         37           30
                                    --------     -------    --------    --------
Total...........................    $   235    $   334     $   152      $   190
                                    ========    ========    ========    ========

<TABLE>
<CAPTION>

                                            Net operating assets (2)                    Number of employees
                                       -----------------------------------      ------------------------------------
                                       March 31, 2002    December 31, 2001      March 31, 2002     December 31, 2001
                                       --------------    -----------------      --------------     -----------------
<S>                                       <C>                <C>                    <C>                  <C>
Utilities........................         $   909            $    795               16,265               15,745
Process Industries...............             866                 738               15,895               15,937
Mfg and Consumer Industries......             258                 249               25,426               29,455
Oil, Gas and Petrochemicals......             448                 315               13,490               13,471
Power Technology Products........           1,454               1,311               28,060               27,555
Automation Technology Products...           2,643               2,558               39,283               39,834
Financial Services...............          11,389              10,926                1,230                1,220
Corporate/Other (1)..............          (3,689)             (3,114)              12,180               13,648
                                          --------            --------             -------              -------
Total............................         $14,278             $13,778              151,829              156,865
                                          ========            ========             =======              =======
</TABLE>
<PAGE>

(1)  Includes adjustments to eliminate inter-division transactions.

(2)  Net operating assets is calculated based upon total assets  (excluding cash
     and equivalents, marketable securities, current loans receivable, taxes and
     deferred charges) less current liabilities  (excluding  borrowings,  taxes,
     provisions and pension-related liabilities).

Geographic Information

                                     Orders received 1)        Revenues 1)
                                      January - March        January - March
                                     ------------------      -----------------
                                      2002       2001         2002       2001
                                     ------     ------       ------     ------
Europe..........................     $2,795     $3,699       $2,631     $2,940
The Americas....................      1,652      1,828        1,222      1,400
Asia............................        617        685          635        564
Middle East and Africa..........        459        574          661        476
                                     ------     ------       ------     ------
Total...........................     $5,523     $6,786       $5,149     $5,380
                                     ======     ======       ======     ======

1)   Orders  received and revenues  have been  reflected in the regions based on
     the location of the customer.

Note 5 Summary balance sheets of ABB Ltd  Consolidated,  ABB Group and Financial
Services (unaudited)

In the balance sheet data appearing on this page, "ABB Ltd  Consolidated"  means
the accounts of ABB Ltd and all its subsidiaries  presented in a summarized form
on the basis of US GAAP, with all significant  intercompany  balances eliminated
in consolidation.The balance sheet data for "Financial Services" and "ABB Group"
is reported on the same basis as management uses to evaluate segment performance
which includes the following adjustments:

-    "Financial  Services"  represents the accounts of all  subsidiaries  in the
     Company's Financial Services division,  with net intercompany  balances and
     certain  capital  contributions  received  from other  subsidiaries  of the
     Company presented on a one-line basis.


-    "ABB Group"  represents  the  accounts of ABB Ltd and all its  subsidiaries
     other than those in the Company's  Financial  Services  division,  with net
     intercompany  balances  and  the  Company's  investment  in  its  Financial
     Services  division  presented on a one-line basis. For the purposes of this
     presentation,  the Company's  investment in its Financial Services division
     is accounted for under the equity method of accounting.
<PAGE>

<TABLE>
<CAPTION>

                                                 ABB Ltd Consolidated         ABB Group 1)         Financial Services
US $ in millions
                                             Mar 31, 2002   Dec 31, 2001   Mar 31, 2002   Dec 31, 2001   Mar 31, 2002   Dec 31, 2001
                                             ---------------------------------------------------------------------------------------
<S>                                            <C>            <C>            <C>            <C>            <C>            <C>
Cash and equivalents and marketable
  securities.............................      $ 6,583        $ 5,713        $ 2,699        $ 1,667        $ 3,884        $ 4,046
Receivables, net.........................        8,277          8,368          5,847          5,810          2,430          2,558
Inventories, net.........................        3,201          3,075          3,200          3,074              1              1
Prepaid expenses and other...............        1,973          2,358          1,114          1,169            859          1,189
                                               -------        -------        -------        -------        -------        -------
Total current assets.....................       20,034         19,514         12,860         11,720          7,174          7,794
                                               -------        -------        -------        -------        -------        -------
Financing receivables, non-current.......        4,399          4,263            545            452          3,854          3,811
Property, plant and equipment, net.......        3,045          3,003          2,967          2,938             78             65
Goodwill and other intangible assets,
net......................................        3,284          3,299          3,201          3,217             83             82
Investments and other....................        2,277          2,265          1,585          1,601            692            664
Net intercompany balances................            -              -            634              -            940          2,106
                                               -------        -------        -------        -------        -------        -------
Total assets.............................      $33,039        $32,344        $21,792        $19,928        $12,821        $14,522
                                               =======        =======        =======        =======        =======        =======

Accounts payable, trade..................      $ 3,916        $ 3,991        $ 3,890        $ 3,956        $    26        $    35
Accounts payable, other..................        2,442          2,710          1,457          1,641            985          1,069
Short-term borrowings2)..................        6,683          4,747          3,288            240          3,395          4,507
Accrued liabilities and other............        7,091          7,587          4,060          4,285          3,031          3,302
                                               -------        -------        -------        -------        -------        -------
Total current liabilities................       20,132         19,035         12,695         10,122          7,437          8,913
                                               -------        -------        -------        -------        -------        -------
Long-term borrowings.....................        4,387          5,043          1,774          2,020          2,613          3,023
Pension and other related benefits.......        1,687          1,688          1,680          1,681              7              7
Deferred taxes...........................        1,387          1,360            664            575            723            785
Other liabilities........................        2,990          2,989          2,523          2,529            467            460
Net intercompany balances................            -              -              -            773              -              -
                                               -------        -------        -------        -------        -------        -------
Total liabilities........................       30,583         30,115         19,336         17,700         11,247         13,188
                                               -------        -------        -------        -------        -------        -------
Minority interest........................          217            215            217            214              -              1

Total stockholders' equity...............        2,239          2,014          2,239          2,014          1,574          1,333
                                               -------        -------        -------        -------        -------        -------
Total liabilities and stockholders'
  equity.................................      $33,039        $32,344        $21,792        $19,928        $12,821        $14,522
                                               =======        =======        =======        =======        =======        =======
</TABLE>

1)   ABB Industrial  operations/holdings with equity accounting of participation
     in Financial Services

2)   Includes current maturities of long-term borrowings

3)   Certain  amounts  reclassified  to conform to the  Company's  current  year
     presentation
<PAGE>

ABB Ltd and Consolidated Subsidiaries
Three Months Ended March 2002
Appendix A - Historical Divisional Data

<TABLE>
<CAPTION>
Restructuring & related asset writedowns     Q1/2002   Q4/2001    Q3/2001   Q2/2001    Q1/2001
<S>                                            <C>       <C>        <C>       <C>        <C>
Utilities                                      -2        -27        -1         0          4
Process industries                             -5        -27        -2         0          0
Manufacturing                                  -10       -15         1        -1          0
Oil, gas & petrochemicals                       0        -2         -6         0          0
Power technology                               -31       -41        -1        -5         -5
Automation products                            -12       -41        -4        -1          0
Financial services                              0         0          0         0          0
Corporate                                       5        -45         0        -8         -5
----------------------------------------------------------------------------------------------
Total                                          -55       -198       -13       -15        -6
----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
Non-recurring goodwill amortization (SFAS 142)      Q1/2002   Q4/2001   Q3/2001    Q2/2001   Q1/2001
<S>                                                    <C>      <C>       <C>        <C>       <C>
Utilities                                              0        -6        -6         -6        -6
Process industries                                     0        -9        -9         -8        -8
Manufacturing                                          0        -3        -2         -2        -3
Oil, gas & petrochemicals                              0        -9        -7         -8        -8
Power technology                                       0         2        -1         -1        -1
Automation products                                    0        -15       -15        -14       -14
Financial services                                     0        -2        -2         -2        -2
Corporate                                              0        -9        -4         -3        -4
-----------------------------------------------------------------------------------------------------
Total                                                  0        -55       -46        -44       -46
-----------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                                   SIGNATURES

     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.

                                               ABB LTD

Date:  May 14, 2002                            By: /s/  BEAT HESS
                                                  ------------------------------
                                                  Name:   Beat Hess
                                                  Title:  Group Senior Officer

                                               By: /s/ HANS ENHORNING
                                                  ------------------------------
                                                  Name:  Hans Enhorning
                                                  Title: Group Vice President