February 11, 1977

Colonial Option Income Fund Inc registers with SEC; is 1st mutual fund created to exploit explosive growth in mkt for stock options; is designed to produce high current return by selling call options against portfolio of high‐grade stocks (M)

Carter Adm is developing strategy that will involve more development aid as key to transferring wealth; plan combines direct assistance approach with enlarged role for multinatl insts; Asst Treas Sec C Fred Bergsten comments (M)

illus of King with Pope

Young, following meeting with Nigerian head of state Lt Gen Olusegun Obansanjo, says he may recommend convening multinatl conf on Rhodesia that would include reprs of US, GB, Nigeria, Zaire, 5 ‘front‐line’ black African states and Rhodesian black nationalists (S)

Feb 11: Sec Vance says he will explore on Mideast trip possibility that Palestinian leadership has moderated its position toward Israel, int with NY Times; seems to be signaling to Palestinian leadership that US is aware of reptd shift in PLO position and would welcome moves toward acceptance of Israel as step toward Middle East settlement; does not believe US should come up with specific plan; says US should work with parties and help them develop settlement; indicates he might favor Kissinger idea of preliminary conf before Geneva conf; says there are 3 key elements to settlement: peace, Israeli withdrawal and finding way to meet legitimate interests of Palestinians (M)

I Martin Wekselman, Pittsburgh judge trying $2‐billion uranium supply lawsuit against Westinghouse Elec Corp, urges principals to come to settlement before he is forced to make ruling; suggests this might lessen potential damage to cos and job‐holders; orders principal exec officers of cos involved to meet with him; Westinghouse chmn Robert E Kirby welcomes move (S)

It's reunion time for some popular names of the not‐so‐distant‐past: The double bill this weekend at the Westbury Music Fair on Long Island is Glen Yarbrough and the Limelighters and the Kingston Trio. They'll be playing many of their hits of the 1950's and 60's, as well as some new works. The Kingston Trio, which dropped out of sight for a long time and regrouped about a year ago with two new members, is making its local debut in its latest incarnation Performances are tonight at 8:30, tomorrow at 7 and 10:30 P.M and Sunday at 3 and 7:30 P M. Tickets, $7.75 top price, are available at the box office and through Ticketron. From New York City, take the Long Island Rail Road to Westbury (then a short taxi ride to the music fair). By car, take the Long Island Expressway to Exit 40, follow signs to the theater Information. (516) 333‐ 0533

Jets may move to NJ, citing Shea Stadium lease that gives Mets ‘sweetheart tenant’ status (M)

Jennifer Dunning comment on Met Museum of Art exhibit Dixie to Broadway: An Exhibition of Black Americans on Stage, 1800‐1939; illus

Smith criticizes Carter Adm's move to repeal Byrd Amendment (S)

Eastman Kodak Co repts net income for 4th qr rose to $221.7‐million, while sales rose to $1.69‐billion; net income for yr rose to $650.6‐million, earnings rose to $1.13‐billion (S)

Carter Adm opens all‐out drive for repeal of Byrd Amendment; Vance, testifying on behalf of Pres Carter and entire Adm, calls for law's repeal, Sen Foreign Relations subcom on African affairs (M)