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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release February 12, 1996

              PRESIDENT CLINTON APPOINTS DANIEL K. TARULLO
         DEPUTY ASSISTANT TO THE PRESIDENT FOR ECONOMIC POLICY

President Clinton announced today that Daniel K. Tarullo will succeed W. Bowman Cutter as Deputy Assistant to the President for Economic Policy. Mr. Tarullo will serve as Deputy to National Economic Advisor Laura D'Andrea Tyson.

Mr. Tarullo currently serves as Assistant Secretary of State for Economic and Business Affairs, representing the State Department on international trade, finance, and economic matters both international and domestic. In March 1995, President Clinton also appointed Mr. Tarullo as the President's personal representative ("sherpa") to the G-7 group of industrial nations. Prior to joining the Administration in July 1993, Mr. Tarullo was International Counsel to the law firm of Shearman & Sterling, where he concentrated on antitrust, securities, and trade matters in international transactions.

Mr. Tarullo is a 1977 summa cum laude graduate from the University of Michigan Law School, where he was Articles Editor of the Law Review. He received an A.B. from Georgetown University in 1973 and an M.A. from Duke University in 1974.

Mr. Cutter is leaving the National Economic Council effective mid-March to take a post as Managing Director at the New York investment firm Warburg, Pincus & Co., where he will concentrate on overseeing investments in telecommunications in Latin America and other emerging markets.

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