1995 Horatio Alger Award Winners announced.

ALEXANDRIA, Va.--(BUSINESS WIRE)--Jan. 4, 1995--Ten outstanding individuals who have achieved success despite challenging childhood circumstances have been named to receive this year's Horatio Alger Award.

These achievers, who will join the more than 250 current lifetime members of the Horatio Alger Association of Distinguished Americans, exemplify hard work, honesty and service to others.

In addition, the Horatio Alger Association will award more than $700,000 in scholarships this year to 85 high school students who exemplify the same traits of achievement under difficult family or personal circumstances.

Achievers and Scholarship Winners will be honored at the Association's 48th Annual Awards Ceremony on April 7, 1995, in Washington, D.C. Awards Dinner Chairman John V. Roach, chairman and CEO of Tandy Corporation, will chair this year's ceremony. Roach was inducted into the Association in 1991.

The Awards Ceremony will be televised in a one-hour nationally broadcast special for the third year in a row.

The Association is named for American author Horatio Alger, who wrote over 100 inspirational adventure books, well known for their tales of impoverished youths who gain success by leading exemplary lives and struggling valiantly against adversity. Alger's name has become synonymous with his message of hard work and virtue.

"For almost fifty years, the Horatio Alger Association of Distinguished Americans has sent a resounding message to the nation: the American Dream is alive and well; honesty, hard work and determination can triumph over all obstacles," said Association President and CEO, James R. Moffett, chairman and CEO of Freeport-McMoRan, Inc.

"The Association conveys this critically important message with its dual roles of continually identifying the most exemplary American achievers of our time and, simultaneously, reaching out to help increasing numbers of promising students."

Achievers

Hundreds of nominations for the Horatio Alger Award are received each year. The achievers to be honored at this year's ceremony are: -0-

    o Herbert F. Boeckmann, owner and president, Galpin Motors, Inc.
      (Sepulveda, CA)
    o Jerry Dempsey, chairman and CEO, PPG Industries, Inc.
      (Pittsburgh, PA)
    o Joe L. Dudley Sr., chairman and CEO, Dudley Products, Inc.
      (Kernersville, NC)
    o Ruth Fertel, founder and chairman, Ruth's Chris Steak House
      (Metairie, LA)
    o Quincy Jones, CEO, Qwest Records (Los Angeles, CA)
    o Dee J. Kelly, senior founding partner, Kelly, Hart & Hallman, P.C.
      (Fort Worth, TX)
    o John Pappajohn, president, Equity Dynamics, Inc.
      (Des Moines, IA)
    o Don Shula, head coach, Miami Dolphins (Davie, FL)
    o Monroe E. Trout, chairman emeritus, American Healthcare
      Systems (Rancho Santa Fe, CA)
    o Dennis R.  Washington, chairman, Washington Corporations
      (Missoula, MT)

-0- Scholarship Winners

The Horatio Alger Association's scholarship program is the only college financial aid program that specifically recognizes students who have overcome great adversity in their lives. This year alone, the Association will award more than $700,000 in college scholarships to 85 senior high school students.

The students will also be honored at the ceremony in recognition of their academic success and commitment to their communities while facing -- and conquering -- some of life's most daunting obstacles.

The scholarship program is just one part of the Horatio Alger Association's commitment to education. The Association's educational programs now reach more than 80,000 high school students each year through the Horatio Alger Youth Seminars.

These local, day-long programs are offered at high schools across the country and focus on one of three basic themes: career development, public service or community service.

"The Horatio Alger Association has contributed to the development of these outstanding young Americans, and is committed to making the American Dream a reality for countless more young people in the years ahead," said Roach.

The Horatio Alger Association is a non-profit education organization, founded 48 years ago to combat the growing perception among young people that economic opportunity in America is a thing of the past.

CONTACT: Horatio Alger Association, Alexandria

              Janis Cromer, 703/684-9444
                  or
              Tandy Corp.
              RonTrumbla, 817/878-4969