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Office of the Press Secretary

For Immediate Release July 15, 1998
                   TO THE BOARD OF DIRECTORS OF THE 

The President today announced his intent to nominate John J. Pikarski, Jr. as a Member of the Board of Directors of the Overseas Private Investment Corporation.

Mr. John J. Pikarski, Jr., of Chicago, Illinois, has been an attorney for over twenty-five years specializing in the area of land use law and is currently a Principal Partner in the firm of Gordon & Pikarski. He is member of several bar associations and has been admitted to practice before the 7th Circuit of the U.S. Court of Appeals, the Supreme Court of Illinois, and the United States Supreme Court. Mr. Pikarski is the Chairman of the Cook County Board of Ethics, the Secretary-Treasurer of the National Advocates Society and a member of both the Advisory Board of St. Joseph's College and the Catholic Charities of Chicago. In 1995, President Clinton appointed Mr. Pikarski as a Commissioner to the U.S. Commission for the Preservation of America's Heritage Abroad. Mr. Pikarski is also the Past President of the Polish Welfare Association.

Mr. Pikarski received his B.A. degree from St. Joseph's College and his J.D. degree from the Chicago-Kent College of Law.

The Overseas Private Investment Corporation (OPIC) assists U.S. investors in making profitable investments in both developing and established countries. The Corporation accomplishes this mission by offering assistance in identifying investment opportunities, providing insurance to protect investments, and by offering loans and loan guarantees to help finance projects. The Board is comprised of 15 members, who serve three-year terms. The Corporation participates in projects totaling $7 billion annually, which have generated over $24 billion in U.S. exports.