SBD/5/Sponsorships Advertising Marketing

COBRA GOLF SIGNS NORMAN TO A SEVEN-YEAR DEAL

     Cobra Golf has entered into a new seven-year representation
and endorsement agreement with Greg Norman.  The deal was
effective retroactive to January 1.  Norman has been with Cobra
since July, 1990.  Gary Biszantz, chair of Cobra Golf: "We
believe Greg is a key ingredient in the continued success of
Cobra and welcome the extension of our  agreement with enthusiasm
and pride" (Cobra).
     NORMAN DENIES FINANCIAL INTEREST IN WORLD TOUR:  In an
interview with ESPN's Jimmy Roberts, Norman denied that he had
any ownership interest in the proposed World Tour:  "I do not own
the World Tour.  I have nothing to do with the administration of
the World Tour.  I was asked to come on board from a players
prospective. ... People get an idea that I'm behind this thing
and I'm not behind it."   On reports that Norman owns 51% of the
tour:  "That's false, I don't own any part of the World Tour,
they can go look that up in the registration of the Delaware
corporation, my name is nowhere near it" ("SportsCenter," 1/4).
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