24 March 1999

TEXT: CLINTON NAMES ARCOS & FRIEDMAN TO INTELLIGENCE BOARD

(Arcos was career FSO, Friedman with Goldman, Sachs) (550)

Washington -- President Clinton announced March 24 his intent to
appoint Cresencio S. Arcos and Stephen Friedman to serve as Members of
the President's Foreign Intelligence Advisory Board.

Arcos was a career Foreign Service Officer who began with the United
States Information Agency before moving into the State Department
years ago.

Friedman was for many years a General Partner of Goldman, Sachs & Co.,
and retired as its Chairman in 1994.

The White House announcement said the President's Foreign Intelligence
Advisory Board (PFIAB) is responsible for assessing the quality,
quantity and adequacy of intelligence collection, analysis and
estimates, counterintelligence and other related activities. "The
PFIAB," the announcement said, "has the authority to review, on behalf
of the President, the performance of all U.S. Government agencies
engaged in the collection, analysis, production of foreign
intelligence, or the execution of foreign intelligence policy."

Following is the White House text:

(begin text)

THE WHITE HOUSE

Office of the Press Secretary

March 24, 1999

PRESIDENT CLINTON NAMES CRESENCIO S. ARCOS AND STEPHEN FRIEDMAN AS
MEMBERS
OF THE PRESIDENT'S FOREIGN INTELLIGENCE ADVISORY BOARD

The President today announced his intent to appoint Cresencio S. Arcos
and Stephen Friedman to serve as Members of the President's Foreign
Intelligence Advisory Board.

Ambassador Cresencio S. Arcos, of Coral Gables, Florida, is Vice
President of AT&T Latin America. A former career Foreign Service
Officer, Ambassador Arcos served in a number of key diplomatic posts
and positions, including Ambassador to Honduras; Senior Deputy
Assistant Secretary of State for International Narcotics and Crime;
and Deputy Assistant Secretary of State for Central America. He also
served in the White House Office for Communications and Planning. He
is a member of the Council on Foreign Relations and the Hispanic
Council on International Relations, and is on the board of directors
of both the Caribbean-Latin American Action and the Council of the
Americas. A native of San Antonio, Texas, Ambassador Arcos earned his
B.A. degree from the University of Texas, Austin and his M.A. from
Johns Hopkins University (SAIS).

Mr. Stephen Friedman, of New York, New York, was for many years a
General Partner of Goldman, Sachs & Co., and retired as its Chairman
in 1994.

He is currently Chairman of the Board of Trustees of Columbia
University, Chairman of the Executive Committee of The Brookings
Institution, and a member of the Executive Committee of the Memorial
Sloan-Kettering Cancer Center in New York. He is a Director of
Wal-Mart Stores, Inc. and Fannie Mae. Mr. Friedman served as a member
of the Commission on the Roles and Capabilities of the U. S.
Intelligence Community and on the Jeremiah Panel, which reviewed the
Defense Department's National Reconnaissance Office. He currently is a
Senior Principal of Marsh & McLennan Capital, Inc.

The President's Foreign Intelligence Advisory Board (PFIAB) is
responsible for assessing the quality, quantity and adequacy of
intelligence collection, analysis and estimates, counterintelligence
and other related activities. The PFIAB has the authority to review,
on behalf of the President, the performance of all U.S. Government
agencies engaged in the collection, analysis, production of foreign
intelligence, or the execution of foreign intelligence policy.

(end text)

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