THE WHITE HOUSE

                    Office of the Press Secretary
                           (Berlin, Germany)

         PRESIDENT CLINTON NAMES JOHN TRAIN AS MEMBER OF THE
              FEDERAL RETIREMENT THRIFT INVESTMENT BOARD

     President Clinton today announced his intent to nominate John Train 

as Member of the Federal Retirement Thrift Investment Board.

Mr. John Train, of New York, New York, is the founder of Train, Smith Counsel, LLC, and ICAP, one of the largest Greek financial information companies. He is Chairman of the Montrose Group, a diversified strategies portfolio investing firm, and a director of the Genesis Emerging Markets Fund (London) and the Genesis Chile Fund. Additionally, Mr. Train is a member of the Board of Directors of the Bulgarian-American Enterprise Fund, a U.S. Government entity, and has been a director of two other U.S. agencies or entities. Mr. Train co-founded The Paris Review and has published seventeen books. He has received three Italian service awards and was appointed to the Order of St. John of Jerusalem (Queen's Birthday Honours) in 1997.

Mr. Train received a B.A and an M.A. from Harvard University.

The Federal Retirement Thrift Investment Board is responsible for managing the Thrift Savings Fund, a special tax-deferred savings fund established by the Federal Employees' Retirement System Act of 1986

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