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NEWS FLASH November 18, 1999

Bradley's Fund-Raising Cup Runneth Over
He's already near his $25 million limit from individual donors, making him better-armed early on than Gore

Democratic Presidential candidate Bill Bradley has stunned Vice-President Al Gore with his prowess as a fund-raiser. He's so good at it, in fact, that he's about to reach the maximum amount he can bring in for the 2000 primaries, Business Week Online has learned. Because Bradley has accepted matching funds, he has agreed to cap his spending at about $42 million (some $35 million for state-by-state expenses, plus limited fund-raising and accounting costs). Since Bradley expects to get nearly $17 million in federal funds, the campaign can spend about $25 million it raises from individual donors.

Sources say the former New Jersey senator is likely to hit that limit in a matter of weeks. A campaign spokesman would say only that Bradley is "definitely on track to meet his fund-raising goals." Raising more than the $25 million maximum amount would be counterproductive: Bradley would either have to refund it to contributors, if he failed to win the nomination, or repay the U.S. Treasury for some of the taxpayer money he received.

Bradley's primary election rival, Vice-President Al Gore, also is likely to max out before the primary campaign ends. But the Veep will be at a disadvantage when it comes to spending. The reason: Gore's overhead expenses to date have far exceeded Bradley's, leaving Gore far less money to spend during the primary season. That will give Bradley a money advantage during the heat of the battle.

By Richard S. Dunham in Washington

EDITED BY DOUGLAS HARBRECHT _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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