SBD/2/Finance

INVESTING IN HIMSELF: OAKLEY CHAIR PLANS TO BUY MORE STOCK

          Oakley Chair Jim Jannard will purchase up to an
     additional three million shares of Oakley stock subject to
     market conditions.  Jannard has purchased almost four
     million shares since January of last year, and currently
     owns 38,567,800 shares, or 54.6% of the shares outstanding
     (Oakley).  The WALL STREET JOURNAL reports that the
     announcement is a demonstration of Jannard's "belief that
     the stock price is undervalued."  A purchase of three
     million additional shares would bring Jannard's Oakley stake
     up to 59%.  Yesterday, Oakley shares fell $0.25 to $12.8125
     a share in NYSE trading (WALL STREET JOURNAL, 6/2).

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