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IOC VOTES TO CHANGE BID PROCESS AND CREATE NEW ETHICS PANEL

          The IOC today agreed "to choose the site of the 2006
     Winter Olympics from two finalists, leaving its rank-and-
     file with one of the few actions it takes but putting strict
     limits on their contact with bidders," according to Larry
     Siddons of the AP.  The IOC voted unanimously with one
     abstention "to have a 15-member panel trim the six hopefuls
     for 2006 down to a final pair, then immediately send that
     race to the floor for a ballot."   The plan is "designed
     only for the selection of the 2006 site, which concludes
     June 19 in Seoul, South Korea."  Bidders and "some IOC
     members have complained that the new rules and voting
     procedure allowed too little chance to see and learn about
     various bids."  In other news from its meeting in Lausanne,
     the IOC approved the creation of an ethics commission with a
     majority of its members coming from outside the committee
     "for the first time."  No appointments to the commission
     were named today.  The IOC also released an audit showing
     that the Olympics are "in good financial health."  Cash,
     bank deposits and TV-rights trust funds totaled $237M at the
     end of '98, and the IOC "finished the year" with a $40M
     operating surplus on income of $86M (AP, 3/18).

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