CATO BLAZES NEW TRAIL FOR THINK TANKS WITH LIVE WEBCAST

Fed chief Alan Greenspan keynotes 15th Annual Monetary Conference

In a first-of-its-kind venture for a major Washington think tank, the

Cato Institute will "Webcast" its 15th Annual Monetary Conference on

October 14. People with Internet access will be able to watch the

day-long conference on their own office or home personal computers after

downloading video "streaming" software called VDOLive. Video production

and Internet Webcasting of the event are being handled by TV on the WEB

Live (www.tvontheweblive.com), a division of Gardy McGrath

International, a television and video production company based in

Reston, Virginia.

The keynote speaker at the popular annual event will be Alan Greenspan,

chairman of the Federal Reserve Board. This year's conference is on

"Money and Capital Flows in a Global Economy," and expert panels will

consider "How to Avoid International Financial Crises," "Lessons from

the Mexican Peso Crisis," "Policy Options in a World of Mobile Capital"

and "The Future of Money in a Global Economy." The Cato monetary

gathering has become an important annual event for members of the

international financial community, with many of the world's leading

experts coming together to discuss the policy implications of such

trends as increasingly mobile money and capital flows.

The conference will be held at the Cato Institute in Washington, D.C.,

and will be televised via satellite to groups gathered at conference

centers in London, New York, Chicago and Dallas. To make the program

available to a much wider audience, it was decided that this year's

conference would be offered via the Internet as well.

"Over the past few years, the Internet has become an increasingly viable

means of communicating with very large audiences," Cato president Ed

Crane observed. "Now, technology enabling live transmission of video and

audio from events like this has matured to the point where it makes a

lot of sense to embrace it. It's exciting to be among the first to

travel this new technological road."

The annual monetary conference is among the few programs held each year

at the Cato Institute for which there is a charge. The registration fee

for attendees in Washington is $375 (early registration was $300); for

satellite locations in London, New York, Chicago and Dallas,

registration is $100; and the charge for viewing the Webcast is $30. The

registration fee for Washington and the satellite viewing cities

includes refreshments, lunch and a reception afterward.

Registrations for the event may be made via the Cato Web site at

http://www.cato.org/events/8-14-97.html, by fax (202-842-3490), by

regular mail, by e-mail (money@cato.org) or by phone (202-218-4633).

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