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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release February 5, 1999

              PRESIDENT CLINTON NAMES THOMAS J. ERICKSON 
       AS A MEMBER OF THE COMMODITY FUTURES TRADING COMMISSION

The President today announced the nomination of Thomas J. Erickson, as a member of the Commodity Futures Trading Commission.

Mr. Thomas J. Erickson, of Washington, DC, is currently the Director of the Office of Legislative and Intergovernmental Affairs at the Commodity Futures Trading Commission where he has served since June 1997. From November 1990 to June 1997, Mr. Erickson served as Assistant to the President and Legal Counsel for the National Grain Trade Council where he represented futures exchanges and futures market participants on agricultural policy, tax issues and futures trading issues as well as advised the Council's governing members on legal matters. From September 1987 to November 1990, he served as Legislative Assistant to U.S. Senator Thomas A. Daschle (D-SD).

Mr. Erickson received his B.A. in Government and International Affairs from Augustana College in Sioux Falls, South Dakota and a J.D. from the University of South Dakota School of Law.

The Commodity Futures Trading Commission (CFTC), established in 1974, regulates all U.S. commodity futures and related options markets. The CFTC is responsible for assuring the integrity of exchange-traded futures markets and for addressing the legal status of off-exchange derivatives.

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