UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Gendron, Gerard ITT Cannon Division 666 E. Dyer Road Santa Ana, CA 92705-5612 2. Issuer Name and Ticker or Trading Symbol ITT Industries, Inc. ITT 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 1/31/01 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Vice President 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person

___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock |112/1031/0|SA | V|542,~~100~~320 ~~|D |$37.54 | | | | |~~(1) |A | ~~| | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |~~(1~~/11/0|S~~) | ~~|20.900 |D |$37.50 |200~~2,~~808~~320 |D | | |100 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock (RSDRIP) (12) | | | | | | |75,~~072~~106 |D | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock (~~DRIP~~ISP) (23) | | | | | | |~~344~~16,958 |DI |In Trust | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| ~~None~~Employee Stock Option |$36.88 |1/2/0|A |V|25,000 |A |(4) |1/4/1|Common Stock|25,000 |(4) |25,000 |D | | (Right to Buy) (4) | |1 | | | | | |1 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|

Explanation of Responses: (1) Shares awarded under the ITT Industries 1997 Long-Term Incentive Plan. (2) Shares held under the Direct Purchase, Sale & Dividend Reinvestment Plan reflecting accumulations through 1/30/01. (3) Shares held under the ITT Industries Investment and Savings Plan reflecting accumulations through 1/30/01. (4) Options granted under Rule 16b-3 Plan exercisable 1/3 on each of 1/2/02, 03 and 04 or after the NYSE closing price remains at least $46.10 for 10 consecutive trading days, whichever occurs first. SIGNATURE OF REPORTING PERSON GERARD GENDRON DATE 1/31/01

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