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2nd Gen Ram Tech1994-2001 Rams: This section is for TECHNICAL discussions only, that involve the 1994 through 2001 Rams. For any non-tech discussions, please direct your attention to the "General discussion/NON-tech" sub sections.
P0420 is a converter efficiency code. It could possibly be a failing rear O2 sensor but most likely your catalytic converter has failed and needs replacement.
Uh-oh, the dreaded catalytic converter code, hate to see that. Everytime I see it it reminds me of when I had a CRV and it's catalytic converter went bad. Tooo much money, so I sold it.