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Office of the Press Secretary

For Immediate Release June 2, 1993


(Washington, DC) The President declared his intention today to nominate Jim Jones, the CEO of the American Stock Exchange and former House Budget Committee Chairman, to the position of Ambassador to Mexico.

"A great deal of our economic future," said the President, "is bound up in our relationships in this hemisphere, particularly our relationship with Mexico. That is why I have chosen an Ambassador who is seasoned by years of economic leadership in both the private and public sectors. Jim Jones brings a unique perspective and uncommon talents to the continuing dialogue with our Mexican neighbors."

Jones has been the Chairman and Chief Executive Officer of the American Stock Exchange since 1989, and also serves as Chairman of the American Business Conference. From 1973-1987, he represented Oklahoma's 1st Congressional District in the U.S. House of Representatives, serving for four of those years as Chairman of the Budget Committee. He also served on the Ways and Means Committee, and was Chairman of the Subcommittee on Social Security.

Before his election to Congress, Jones was an attorney in private practice in Tulsa, and served as a White House aide to President Lyndon Johnson. He holds a B.A. from the University of Oklahoma and a J.D. from Georgetown Law School, and served as a Captain in the U.S. Army from 1964-66. He and his wife, Olivia, have two sons, Geoffrey and Adam. Jones is 54 years old.

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