A TAXING SITUATION: SCHULTZ' COMPENSATION RULED AS OK

          Arthur Andersen "clarified an earlier position" and
     stated that the USOC can pay former Exec Dir Dick Schultz
     $587,000 in deferred compensation "without jeopardizing" its
     tax-exempt status," (see THE DAILY, 9/25), according to Paul
     Foy of the AP.  USOC Dir of PR Mike Moran stressed that
     Schultz will collect deferred compensation, not a "golden
     parachute" or bonus, as the money was set aside from
     Schultz's salary that was more than $500,000 per year.  In
     May, Schultz became the Chair of K.C.-based Marketing
     Associates Int'l Sports.  Schultz, on "reports of IRS
     scrutiny" of the deal: "I don't know how this story got
     started.  It was just a traditional deferred compensation
     plan drawn up ... under IRS guidelines" (AP, 11/28).