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POSSIBLE USGA METALWOOD BAN COULD HAVE FAR-REACHING EFFECTS

          If the USGA goes ahead with a possible ban on metal
     clubs, it would put golf pros "in a tight spot, since they
     make their living with the equipment," according to James
     Peltz of the L.A. TIMES.  Reports say that golf pros are
     currently "split" over the issue.  Regarding a possible ban,
     Callaway Golf Chair Ely Callaway said it's "very premature"
     to say whether his company would sue the USGA to block a
     rules change, but that "he doesn't dismiss the idea either." 
     Peltz: "After all, Callaway sold stock on the basis of its
     clubs being USGA approved" (L.A. TIMES, 5/30).  In N.Y.,
     Phil Mushnick wrote that the issue "is loosely about golf
     ... it's about greed."  He added that the debate also puts
     the golf media "in a perilous predicament," as many golf
     analysts are being paid by the same companies who could be
     affected by the ban.  Mushnick cites NBC's Johnny Miller, a
     Callaway spokesperson, and CBS's Gary McCord, who endorses
     Taylor Made, as examples of TV personalities whose opinions
     on the subject would be "worthless" (N.Y. POST, 5/31).
          THE ADAMS FAMILY: Adams Golf, whose revenues have gone
     from less than $1M three years ago to more than $30M last
     year boosted by its Tight Lies club, was profiled by PBS's
     Byron Harris on "Nightly Business Report."  Harris: "Now the
     problem is the competition, like Callaway Golf, which spends
     more on R&D than Adams grosses" ("NBR," PBS, 5/29).

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