FOR IMMEDIATE RELEASE                                          AT
WEDNESDAY, JUNE 21, 1995                           (202) 616-2771
                                               TDD (202) 514-1888

                                 
   HARVARD LAW PROFESSOR PHILLIP AREEDA RECEIVES THE ANTITRUST
                DIVISION'S 1995 JOHN SHERMAN AWARD


     WASHINGTON, D.C. -- Harvard law professor Phillip E. Areeda
received the Department of Justice's John Sherman Award today for
his dedication to creating a greater understanding of the
nation's antitrust laws.
     "Phil Areeda has been a steadfast guardian of competition --
competition that has made this nation's marketplace the most
robust in the world," said Anne K. Bingaman, Assistant Attorney
General for the Antitrust Division.  "He has dedicated his life
to fostering greater understanding of our nation's antitrust
laws, and for that, we owe him a debt of gratitude."
     Created in 1994, the John Sherman Award is presented
annually by the Department's Antitrust Division to a person who
has made substantial contributions to the protection of American
consumers and the preservation of economic liberty.
     Areeda, a professor of law at Harvard University since 1961,
has enjoyed a distinguished career in government and academics.  
                                 
After graduating summa cum laude both from Harvard College with 
an A.B. in economics in 1951 and Harvard Law School in 1954,
Areeda went on to the Air Force, where he served as a Second
Lieutenant, working in the Office of the General Counsel.  From
1956 to 1961, he was a member of the White House staff, rising to
the position of Assistant Special Counsel to President Eisenhower
in 1958.
     Professor Areeda returned briefly to Washington on two
occasions since assuming his position at Harvard.  In 1969, he 
was Executive Director of the President's Cabinet Task Force on
Oil Import Control, and from 1974 to 1975, he was a counsel to
President Ford.
     The award is named for the author of the Sherman Act of
1890.  Sherman, a former Congressman and Senator, also served as
Secretary of the Treasury from 1877 to 1881, and as Secretary of
State from 1897 to 1898.  The first recipient of The John Sherman
Award was U.S. Senator Howard M. Metzenbaum of Ohio, in 1994.
     The Sherman Act outlaws all contracts, combinations and
conspiracies that unreasonably restrain interstate trade,
including agreements among competitors to fix prices, rig bids
and allocate customers.  The Act also makes it a crime to
monopolize any part of interstate commerce.
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