USA Equestrian and U.S. Equestrian Team Take Steps to Resolve Governance Matter

Lexington, KY and Gladstone, NJ-December 21, 2001-USA Equestrian President
Alan F. Balch and U.S. Equestrian Team (USET) President Dr. Armand Leone,
Jr. have announced that the Executive Committees of the two organizations
have agreed in principle to a resolution of the equestrian governance matter
that would result in a unified National Governing Body (NGB) for equestrian
sports in the United States.

The organizations have been negotiating over the last several weeks in an
attempt to resolve the issue. Details of the agreement, which would allow
the sport to go forward in unity, will be made public following a proposed
formal ratification, which is to be considered after the first of the year.

USA Equestrian Inc., as the National Equestrian Federation of the U.S., is the regulatory body for the Olympic and World Championship sports of dressage, driving, endurance, eventing, reining, show jumping, and vaulting, as well as 19 other breeds and disciplines of equestrian competition. As the country's largest multi-breed organization, the Federation has over 77,000 members and recognizes more than 2,800 competitions nationwide each year. It governs all aspects of competition, including educating and licensing all judges, stewards, and technical delegates who officiate at these shows.