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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release October 8, 1998

STATEMENT BY THE PRESS SECRETARY

National Economic Advisor Gene Sperling and National Security Advisor Samuel R. Berger jointly announce the appointment of D. Holly Hammonds as Special Assistant to the President for International Economic Policy. Ms. Hammonds will develop and coordinate international economic policy for both the National Economic Council and the National Security Council.

Ms. Hammonds is re-joining the Administration, having worked for the NEC/NSC from 1993-1994. At that time as Director for International Economic Affairs, she helped coordinate U.S. trade policy relating to the conclusion of the WTO Uruguay Round and other matters.

In the intervening 4 years, Ms. Hammonds was a Principal of Fontheim and Hammonds, PLLC, where she represented and advised U.S. companies regarding international trade policy, international corporate strategy and market access issues. For the last 3 years, she has also served as a Member of the Board of Conciliators of the World Bank's International Centre for Settlement of Investment Disputes (ICSID). She was appointed to this 6-year position by President Clinton in 1995.

Previously, Ms. Hammonds has served as a Senior Fellow of the Progressive Policy Institute (PPI), as an International Affairs Fellow of the Council on Foreign Relations, and as a Visiting Fellow of World Resources Institute. She has published numerous articles on international issues and is an author of "Strategic Success in the Global Economy," in DLC/PPI's 1993 book, Mandate for Change.

Ms. Hammonds holds a law degree from the Yale Law School, where she was a founding member and associate Editor-in-Chief of Yale's Law and Policy Review. She also holds a Masters in Public Affairs from the Woodrow Wilson School of Public and International Affairs at Princeton University, and a B.A., with highest honors, from the University of California at Santa Cruz. She is a member of the Council of Foreign Relations, of the Women's Foreign Policy Group, and of the Bar of the District of Columbia.

Ms. Hammonds is married and has three children.

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