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AGENCY SPOTLIGHT

U.S. Department of Commerce -- The Department's Special American
Business Internship Training Program (SABIT) and the Bureau of
Export Administration (BXA) announce a $1.2 million defense-
conversion internship program for approximately 100 defense-
enterprise experts from Belarus, Kazakhstan, Russia, and Ukraine.

Teams of up to ten executives will be selected for a
comprehensive two-month training program, including intensive
exposure to U.S. management techniques and hands-on experience
with U.S. companies.  The program targets eight industry sectors:
electronics, avionics and aerospace, telecommunications,
chemicals and pharmaceuticals, oil and gas, medical devices and
equipment, infrastructure equipment manufacturing, and
environmental technologies.  The first session is scheduled to
begin in May 1995.  Early submission of candidate nominations by
U.S. host companies is encouraged.  For more information, contact
SABIT at (202) 482-0073, or (202) 482-2443 (fax). 

U.S. Department of Commerce -- The U.S.-Russia Business
Development Committee Standard's Working Group will meet on March
27-28 at the American Society of Mechanical Engineers in New
York, New York; and on March 30-31 at Underwriters Laboratories
in Northbrook, Illinois.  The Russian delegation will be led by
Dr. Sergei Bezverkhi, President of Gosstandart.  The meeting will
focus on U.S. standards accreditation activities and other
issues.  For more information, contact Dr. Stanley I. Warshaw, of
the U.S. Department of Commerce at (202) 482-5276 (voice), (202)
482-2155 (fax), or [email protected]. 

U.S. Agency for International Development -- The State Property
Fund of the Kyrgyz Republic, with funding from the U.S. Agency
for International Development, is soliciting bids from strategic
investors for 70 percent shares in selected Kyrgyzstan state
enterprises.  Of the remaining shares, 25 percent will be
auctioned for privatization coupons and 5 percent will be held by
enterprise employees.  The bidding process is part of
Kyrgyzstan's overall mass privatization program, which will
continue over the next six months.  For further information
contact Annemarie O'Brien of Price Waterhouse, at the State
Property Fund of the Kyrgyz Republic, at 7 (3312) 62-08-85
(voice), or 7 (3312) 62-04-61 (fax), or by e-mail at:
[email protected]. 

Central Asian-American Enterprise Fund -- The fund, a U.S.
Government-supported investment fund, is now accepting proposals
for projects in Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan
and Tajikistan.  The fund provides equity and debt financing to
small, and medium-sized enterprises.  A small-business loan
program is being established, as well.  For further information,
contact Frederic Francke or Stephen Shalom at (212) 826-2100
(voice) or (212) 371-2587 (fax). 

Overseas Private Investment Corporation -- An International
Investment Conference will be conducted May 2-3 in London by the
Overseas Private Investment Corporation (OPIC).  The conference
will cover OPIC's finance, insurance, and investment development
programs in the former Soviet Union and elsewhere.  The
conference is for U.S.- and Europe-based representatives of U.S.
companies who make strategic decisions on investment projects,
lenders, financial institutions, and other providers of project
financing.  For further information, call Kristan Mills at (202)
336-8604.
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