MIAMI, Jan. 15 -- Carnival Corporation (NYSE: CCL) announced
today that its Board of Directors declared a regular quarterly dividend of 15
cents per share for the first quarter ending February 28, 1998. The dividend
is payable on March 13, 1998, to shareholders of record on February 16, 1998.

Carnival Corporation is comprised of Carnival Cruise Lines, the world's
largest cruise line based on passengers carried, Holland America Line,
Windstar Cruises and equity interests in Costa Cruises, Seabourn Cruise Line
and Airtours plc, which combined operate 35 ships in the Caribbean, Alaska,
Europe and other worldwide destinations. Combined, Carnival Cruise Lines and
Holland America Line have six new ships slated for delivery over the next two-
and-a-half years. The 101,000-ton Carnival Triumph is scheduled to enter
service in 1999 and its sister ship, the Carnival Victory, is scheduled to
enter service in 2000. Carnival also has two 70,000-ton SuperLiners, the
Elation and Paradise, under construction and expected to debut in March and
November 1998, respectively. Holland America Line also has two new 65,000-ton
cruise ships on order, both of which are expected to debut in 1999.