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U.S./CHINA REACH HISTORIC AGREEMENT

     Officials of the Chinese Olympic Committee (COC) and ACOG
announced an agreement to designate Zong Ao Physical Development
Co. (ZAPD), Beijing, as an agent for trademark licensing programs
in China for trademarks and symbols owned by ACOG -- the first
deal of its type ever reached between the U.S. and China.  Under
the deal, Chinese manufacturers who wish to use the trademarks,
symbols and designations owned by ACOG will apply for a license
through ZAPD.  In return, the manufacturers will return a portion
of their receipts as royalties to ZAPD, the COC and ACOG (ACOG).
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