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Former Under Secretary of State for Economic Affairs Alan P. Larson Joins Covington as Senior Advisor

September 7, 2005

WASHINGTON, D.C., September 7, 2005 -  Covington & Burling announced today that Alan P. Larson will join the firm as Senior Advisor. His practice will include providing clients with strategic, non-legal advice and counseling on international trade, finance, and antitrust/comity issues.  He will be resident in the firm's Washington office.

Mr. Larson, who holds a Ph.D. in economics and is not a lawyer, has been an economic counselor to five Secretaries of State since joining the Department of State in 1973.  Most recently, from 1999 to 2005, Mr. Larson served as Under Secretary of State for Economic, Business, and Agricultural Affairs and was the first Foreign Service Officer to serve in this position.  In that role, he directed global economic policy in the areas of trade, finance, telecommunications, transportation, and energy on behalf of Secretaries Powell and Albright.

While serving at the Department of State, Mr. Larson handled several matters related to the national security review process by the Committee on Foreign Investment in the United States (CFIUS).  He will join Covington's international practice, which includes several lawyers who served as agency representatives to CFIUS during their government service.

In addition to joining Covington, Mr. Larson will also become a Strategic Advisor and Director of the World Economic Forum and a Distinguished Fellow of the Council on Competitiveness.  At the World Economic Forum, Mr. Larson will provide guidance on a number of initiatives and projects, particularly in the implementation of programs that foster the role of the private sector in the development agenda.  At the Council on Competitiveness, Mr. Larson will serve as Co-Chair of its Global Advisory Committee providing strategic advice to guide the Council's international policy agenda.  The Council is dedicated to elevating US economic competitiveness.

"We are very pleased to have Al join our international trade practice," said Stuart E. Eizenstat, a former senior official in the Clinton Administration and head of Covington's International Trade & Finance Practice Group.  "His prominence in the international business community and his distinguished career in public service will make him an invaluable addition to the firm."

"I am pleased to join a premier firm like Covington and look forward to helping our clients succeed in the growing and complex global economy," stated Mr. Larson.

Mr. Larson earned three degrees from the University of Iowa (B.A., political science, 1971; M.A., economics, 1978; Ph.D., economics, 1982). He is a recipient of the University of Iowa Distinguished Alumnus Award (2003) and is a Career Ambassador in the U.S. Foreign Service.

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