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PRESS RELEASE

December 9, 1996
Washington, D.C.

FORMER SECRETARY OF THE INTERIOR AND NATIONAL SECURITY ADVISOR WILLIAM P. CLARK TO REPLACE DANIEL M. TELLEP AS CHAIRMAN OF THE USA-ROC ECONOMIC COUNCIL

The Board of Directors of the USA-ROC Economic Council elected the Honorable William P. Clark, former Secretary of the Interior and National Security Advisor in the Reagan Administration, to succeed Daniel M. Tellep as Chairman, effective January 1, 1997. Mr. Tellep, Chairman of Lockheed Martin Corporation, the world's largest defense and aerospace company, will be retiring from both Lockheed Martin and the USA-ROC Economic Council on December 31, 1996. Mr. Clark is an active member of the Board of Directors and the Executive Committee of the Council.

Prior to his service in the White House, Mr. Clark served as Deputy Secretary of State. He was a California Judge and later a Justice of California Supreme Court in the 1960's and 1970's. He was also Chief of Staff to Ronald Reagan when he was Governor of California. Mr. Clark, a lawyer, is Chief Executive Officer of the Clark Company, a family held California Corporation.

Known affectionately as "the Judge" to friends and colleagues, Mr. Clark attended Stanford University and Loyola Law School in California. A fourth generation Californian, pilot, lawyer and rancher, Mr. Clark and his wife, Joan, have five children, who work with him in their family ranch and consultant business.

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