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Sandy Baldwin Resigns as President of the USOC -- May 24, 2002

COLORADO SPRINGS, Colo., May 24. THE United States Olympic Committee has accepted the resignation of President Sandy Baldwin following a teleconference call with members of the USOC Executive Committee earlier this morning.

Baldwin informed Chief Executive Officer Lloyd Ward that she would resign, effective immediately. Her resignation follows a series of media reports, including a story early today on SwimInfo, that detailed inaccuracies in her biographical sketch
related to her academic credentials.

"This is an emotional time for Sandy and the Olympic Family," said Ward. "She did what she considered best for the USOC and the Olympic Movement. She took full responsibility for her actions and the mistakes in her biographical sketch."

"Sandy has served the Olympic movement faithfully for over three decades, and in the midst of today's turmoil, we should not lose sight of her many contributions and her commitment and devotion to
America's athletes," added Ward.

Before becoming USAOC president, Baldwin served as president of USA Swimming.

"I want the very best for the Olympic Movement, and, as one who believes in its ideals, I accept full responsibility for the mistakes I have made," said Baldwin. "The USOC, our athletes, and our volunteers will always hold a special place in my heart.

Baldwin was elected President on December 3, 2000, after serving as USOC Vice President and as Treasurer during her long association with the organization. She was the Chief of Mission for the United States
delegation at the 2000 Olympic Games in Sydney.

The USOC has a process of replacing Baldwin that will begin immediately with the Executive Committee that involves a nomination of candidates and a mail ballot among the Board of Directors.