Every four years, the committee considers executives, umpires and managers.

The Veterans Committee met in closed sessions to consider older major league players as well as managers, umpires, executives, and figures from the Negro Leagues.

Meanwhile the Veterans Committee was meeting annually to consider executives, managers, umpires, and earlier major league players.

In the past, presidents at Merrill have been considered chief executives in training.

Considered Too Harsh Other executives, while conceding that the firm is guilty of securities violations, said they thought that the Government's two-year investigation and the penalty were too harsh.

The Veterans Committee was meeting only in odd-number years to consider older major league players as well as managers, umpires, and executives.

The Viacom officials said they were considering several executives to replace Mr. Jaffe, but they would not divulge any names.

At the same time the Veterans Committee resumed meeting annually to consider executives, managers, umpires, and earlier major league players.

The Veterans Committee met in closed sessions to consider executives, managers, umpires, and earlier players.

That will presumably allow Mr. Clinton, in appointing the board, to consider executives or Government officials who work in Washington but live in Maryland or Virginia.