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                                                                      EXHIBIT 99

                           SCOTSMAN INDUSTRIES, INC.
                             CAUTIONARY STATEMENTS


Information provided by the Company from time to time, either orally or in
writing, may contain certain "forward looking" information, as that term is
defined in the Private Securities Litigation Reform Act of 1995 (the "Act").
Consistent with the Act, such forward-looking information may include
information relating to such matters as sales, income, earnings per share,
return on equity, capital expenditures, dividends, capital structure, cash
flow, debt to capitalization ratios, internal growth rates, future economic
performance, management's plans and objectives for future operations, or the
assumptions relating to, or underlying, any such forward-looking information.
The cautionary statements set forth below are being made pursuant to the
provisions of the Act and with the intention of obtaining the benefits of the
"safe harbor" provisions of the Act.  The Company cautions investors that any
forward-looking statements made by the Company are not guarantees of future
performance and that actual results may differ materially from those expressed
in, or implied by, the forward-looking statements as a result of various
factors, including but not limited to the following:

1.   The Company's performance should be expected to be affected by the
     strength or weakness of the various economies in which the Company markets
     its products, primarily in the United States and Western Europe, but also
     in the Far East.  The relative strength or weakness of these economies may
     affect the rate at which new hotels, restaurants, fast food outlets,
     supermarkets or other facilities with a need for the Company's products
     are built, and the rate at which other potential commercial customers
     replace or upgrade ice machines, beverage dispensing systems, food
     preparation and storage equipment, refrigerated display cases, walk-in
     cold rooms, and insulated panels already in use, thus affecting the demand
     for the Company's products.

2.   Sales of a significant proportion of the Company's products can be
     negatively impacted by abnormal weather conditions during different
     seasons and quarters of the year.

3.   Underutilization of the Company's facilities may occur as a result of
     failure to meet anticipated sales volumes.  Such underutilization, which
     results in excess capacity costs, may significantly affect the Company's
     operating results.

4.   The Company's ability to realize operating profits is dependent on its
     ability to timely manufacture, source and deliver products which may be
     sold for a profit.  Labor difficulties, delays in delivery or increased
     prices of raw materials and purchased components, scheduling and
     transportation difficulties, management dislocations and delays in
     development and manufacture of new products can negatively affect
     operating profits.

5.   The Company's results of operations can be negatively impacted by product
     liability or other lawsuits and/or by warranty claims or other returns of
     goods.

6.   The Company manufactures some of its products in the United Kingdom,
     Italy and Germany and sells its products throughout Western Europe and the
     Middle and Far East.  Currency devaluations and unfavorable changes in
     foreign country monetary and tax policies and other changes in the
     regulatory climate in foreign countries could materially affect the
     Company's profitability and the Company's plans to grow its international
     businesses.


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7.   Although no single customer accounts for more than 10% of the Company's
     consolidated net sales, the volume of sales of the Company's drink
     dispensing equipment, food preparation and storage equipment, refrigerated
     display cases, walk-in cold rooms and insulated panels may be affected,
     from time to time, by changes in the buying patterns of certain large
     customers as a result of internal cost-control measures adopted by such
     customers, changes in the strategic plans of such customers, or other
     factors.

8.   The Company's products and manufacturing processes are subject to various
     environmental, health and safety regulations and standards.  Such
     regulations and standards, from time to time, may require significant
     changes in products or manufacturing methods.  The Company also is, or may
     be, subject from time to time to claims and litigation arising under the
     Comprehensive Environmental Response, Compensation and Liability Act and
     similar state statutes.  The Company believes that environmental, health
     and safety matters will not have a material effect on its business or
     financial condition.  However, legal and regulatory requirements in this
     area are increasing, and there can be no assurance that significant costs
     and liabilities will not be incurred as a result of currently unidentified
     or future problems or new regulatory developments.