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THE WHITE HOUSE

                      Office of the Press Secretary
                             (Pittsburgh, PA)
________________________________________________________________________
For Immediate Release                                 September 24, 1997

             PRESIDENT CLINTON NAMES BARBARA HOLUM AS MEMBER 
               OF THE COMMODITY FUTURES TRADING COMMISSION

President Clinton today announced his intent to nominate Barbara Holum as Member of the Commodity Futures Trading Commission.

Ms. Holum, of Maryland, was sworn in as a Commissioner on November 28, 1993. She served as Acting Chair of the Commission from December 1993 to October 1994. Prior to joining the Commission, she founded and served as the Director of the National Endowment for Soil and Water Conservation, a non-profit organization which administers agricultural resource conservation programs and projects. During the Carter Administration, she served as Director of the Office of Congressional Relations at the Commodity Futures Trading Commission.

The Commodity Futures Trading Commission (CFTC), established in 1974, regulates all United States commodity futures and related options markets. The Commission and its staff regulate the trading of futures on tangible items such as farm goods, metals, and crude oil, as well as those on financial interests such as Treasury debt, foreign currencies and stock market indices. The CFTC is responsible for assuring the integrity of exchange-trade futures markets and for addressing the legal status of off-exchange derivatives.

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