June 29, 1979

Studio 54 discotheque owners Steven Rubell and Ian Schrager indicted on 12 counts of 'systematically' skimming more than $2.5 million, or 60% of gross cash receipts from discotheque, NYC, virtually on daily basis for last 2 years; Federal prosecutors also announce Jack Dushey, another owner, pleaded guilty to charges; Dushey is believed cooperating with Govt; also named in indictment is Richard DeCourcey, manager and bookkeeper for Studio 54 (M)

WIMBLEDON, England, June 23 —Tim Wilkison, a tenacious 19‐year‐old from Shelby, N.C., brought an exuberance into Wimbledon's staid atmosphere today that delighted just about everyone exceot Guillermo Vi lac

House approves windfall profits tax that will take $23.2 billion of oil companies' increased profits after decontrol; measure, offered by Reprs James R Jones and W Henson Moore, replaces Carter Administration proposal, which would take estimated $21.7 billion of companies' windfall profits, and version approved by Ways and Means Committee, which would have taken $29.1 billion; illus of Repr Al Ullman (M)

Vice Pres Mondale and economic officials such as Charles E Schultze meet with Congressional Democrats as part of campaign to build support for Adm's anti-inflation program and avert any efforts to combat through increased spending substantial rise in unemployment; Council on Wage and Price Stability chmn Alfred E Kahn says inflation 'will be bumping at double-digit level for rest of this year,' HR subcommittee on economic stabilization; urges committee consider Pres Carter's proposal for real wage insurance, form of tax rebate for workers who accept modest pay increases that are outstripped by inflation (S)

Midland Bank of London will offer $530 million for Heller; would pay $42.50 a share, almost 50% more than current $29 market price; offer is seen as continuation of foreign takeovers of large US banks; Heller owns American National Bank and Trust Co of Chicago (M)