|Exhibit 99.2
|------------

|FOR: |  | INTERPOOL, INC.
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## FOR IMMEDIATE
RELEASE

|CONTACT: |  | Mitchell I. Gordon
                                                                           Executive Vice President &
                                                                           Chief Financial Officer
                                                                           (212) 916-3284

                                                                           Morgen-Walke Associates
                                                                           Investors: Christine Mohrmann, Lauren Levine
                                                                           Media: Steve DiMattia
                                                                           (212) 850-5600
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|INTERPOOL, INC.
ANNOUNCES WITHDRAWAL OF REGISTRATION STATEMENT FOR PROPOSED COMMON STOCK OFFERING


PRINCETON, NJ, October 31,
2001  Interpool, Inc. (NYSE: IPX) announced today that due to unfavorable
market conditions, it has withdrawn its registration statement with the
Securities and Exchange Commission for a proposed offering of 5,500,000 shares
of common stock by the Company.


The registration statement
was filed on August 3, 2001.


Martin Tuchman, Chairman
and Chief Executive Officer of Interpool, commented: Current stock market
conditions have led us to withdraw our equity offering for the time being.
Despite this, Interpool continues to grow its leadership positions in our core
businesses. The combination of our strong, stable cash flow and existing credit
facilities provide adequate capital to continue to grow our company.


Interpool, originally
founded in 1968, is one of the worlds leading suppliers of equipment and
services to the transportation industry. It is the largest lessor of intermodal
container chassis in the United States and a world-leading lessor of cargo
containers used in international trade. Interpool operates from over 90
locations throughout the world.


This Press Release
contains certain forward-looking statements regarding future circumstances.
These forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from those contemplated in such
forward-looking statements, including in particular the risks and uncertainties
described in the companys SEC filings. The company undertakes no
obligation to publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof.


Note: This press release and other
press releases and information can be viewed at the Companys website at
www.interpool.com.



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