SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549





                                 FORM 8-K

                              CURRENT REPORT




                  Pursuant to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934


     Date of Report (Date of earliest event reported): April 18, 2003



                        Federal Signal Corporation
          (Exact name of registrant as specified in its charter)


 Delaware                           0-693                      36-1063330

(State or other jurisdiction     (Commission File            (IRS Employer
  of incorporation)                 Number)                  Identification No.)


              1415 W. 22nd Street, Oak Brook,Illinois        60523
              (Address of principal executive offices)     (Zip Code)


                            (630) 954-2000
          (Registrant's telephone number, including area code)






Item 9.  Regulation FD Disclosure

On April 17, the Registrant issued the following news release:


                           FEDERAL SIGNAL CORPORATION
                        DECLARES QUARTERLY CASH DIVIDEND

     Oak Brook,  Illinois,  April 17, 2003 - The Board of  Directors  of Federal
Signal  Corporation  today  declared the regular  quarterly  cash dividend of 20
cents on its  common  stock,  payable  July 1, 2003 to  holders of record at the
close of  business  on June 12,  2003.  This  represents  the 221st  consecutive
quarterly cash dividend paid by the company to holders of common stock.

     Also, at Federal Signal  Corporation's  Annual Meeting of Shareholders held
on April 17, 2003, the shareholders  reelected James C. Janning,  Joseph J. Ross
and  Joan E.  Ryan to the  Board  of  Directors  for  three-year  terms  and the
shareholders  approved an amendment of the company's Stock Benefit Plan to allow
payment of director  fees with stock awards and to increase the number of shares
available under the plan by 1,500,000 shares.

     Federal  Signal  Corporation  is a global  manufacturer  of  leading  niche
products in four operating groups:  environmental vehicles and related products,
fire rescue vehicles,  safety and signaling products,  and consumable industrial
tooling.  Based in Oak Brook,  Illinois,  the company's shares are traded on the
New York Stock Exchange under the symbol FSS.




                                           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.

                                                  FEDERAL SIGNAL CORPORATION



      Dated:  April 18, 2003                    By:  /s/ Joseph J. Ross

                                                   Joseph J. Ross
                                                   Chairman and
                                                   Chief Executive Officer