Middlebury

March 3, 1997

Federal Reserve Bank Exec to Take Part in Economic
Panel

"Perspectives on the U.S. Economy: From Vermont
to the World" will be the subject of a major economics symposium
to be held at Middlebury College on Friday, March 7, from 2-4:30
p.m. in Mead Chapel.

Participating on the panel will be Cathy E. Minehan,
president and chief executive officer of the Federal Reserve Bank
of Boston who will discuss her views on the outlook for the national
economy. She will also talk for a few minutes about Federal policy.

The second panelist will be Deborah L. Allinson,
senior vice president and director of the economics department
at Wellington Management Company LLP of Boston. She will talk
about the nation's financial markets.

Other panelists include Alan R. Holmes Visiting Professor
of Economics G. Paul Wonnacott of Middlebury College, who will
talk about the global economy and its effects on wages. Arthur
G. Woolf, publisher of the "Vermont Economy Newsletter"
will next address the state of the economy in Vermont. Maxine
N. Brandenburg, president of the Vermont Business Roundtable,
will wind up the symposium with a talk about the effects of economic
trends on business.

Moderator of the program is Sunder Ramaswamy, associate
professor of economics at Middlebury College.

The symposium is sponsored by the National Bank of
Middlebury and Middlebury College. The public is cordially invited
to attend.