Nomination of Harold K. Phillips To Be a Member of the Board of Directors of the Inter-American Foundation, and Designation as Vice Chairman

The President today announced his intention to nominate Harold K. Phillips to be a member of the Board of Directors of the Inter-American Foundation for a term expiring September 20, 1988. He would succeed Alberto Ibarguen. Upon Mr. Phillips' confirmation, the President intends to designate him Vice Chairman.

Mr. Phillips is currently chairman of the board of Joe Phillips Dodge and president of Hal Phillips Pontiac. He also is an instructor at the Pepperdine University School of Business.

Mr. Phillips graduated from the University of Redlands (B.S., 1963) and Harvard University School of Business Administration (M.B.A, 1967). He resides in Burbank, Calif., and was born September 1, 1940, in Glendale, Calif.