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Office of the Press Secretary

For Immediate Release April 6, 1995


President Clinton has named Richard L. Morningstar as Special Adviser to the President and to the Secretary of State on Assistance to the New Independent States of the former Soviet Union and Coordinator of U.S. Assistance to the NIS. According to his charter, signed by the President April 4, 1995, Mr. Morningstar will oversee the bilateral assistance and trade and investment activities of the sixteen U.S. government agencies engaged in technical assistance, trade and investment, exchange, weapons dismantlement and other programs in Russia, Ukraine, Kazakhstan and other new independent states.

In designating Mr. Morningstar for this position, the President noted that it remained among the highest priorities of his administration to ensure effective support for the democratic and economic reforms underway across the former Soviet Union.

Most recently, Mr. Morningstar served as Senior Vice President of the Overseas Private Investment Corporation. In that capacity, he was the principal deputy for all policy and investment development matters and was responsible, among other things, for development and implementation of strategies for the opening of new investment programs in Russia and the other New Independent States of the former Soviet Union.

Prior to joining the Administration, Mr. Morningstar was the Chairman of the Board and Chief Executive Officer of Costar Corporation. Mr. Morningstar practiced law and was a partner in the firm of Peabody & Brown. He has also been Adjunct Professor of Law at Boston College Law School.