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  • CALLAWAY GOLF ANNOUNCES RECORD SALES OF $842.9M IN '97

              Callaway Golf announced that its net sales in the year
         ended December 31, '97 increased 24% to $842.9M over the
         previous year's net sales of $678.5M.  The company also
         announced that it had a net income of $132.7M for '97  -- an
         8% increase from the $122.3M in '96.  Net income included a
         one-time charge of $12M for the settlement of litigation
         between Callaway and a former employee (Callaway Golf). 
    
    

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