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Press Release
May 3, 2000
IMMEDIATE
Kenneth Bauer named Acting President of the MTA Long Island Rail Road

MTA Chairman E. Virgil Conway today named Kenneth Bauer as
acting President of the MTA Long Island Rail Road, effective
Friday, May 5. Mr. Bauer replaces Thomas Prendergast, who announced
his resignation in March to accept a position in the private
sector as Chief Executive Officer for the London Infrastructure
Consortium (LINC).

Mr. Conway said, "Ken has held a variety of positions
in the MTA family over the past 27 years, and he has proved
to be an effective and talented manager."

Previously, Mr. Bauer was responsible for the management and
oversight of the Budget, Treasury, and Controller function at
the MTA LIRR. In that role, he was responsible for establishing
policies governing budget, accounting, and cash management.
In addition, he directed the MTA Deferred Compensation Program
and MTA Risk Management.

Mr. Bauer said, "I look forward to meeting the challenges
of running the busiest commuter rail system in the North America.
As a lifelong resident of Long Island, I have a good understanding
of the regional issues that affect us. And as a daily commuter
on the Railroad for more than 30 years, I am also quite familiar
with our customers' concerns."

Prior to joining the MTA LIRR, Mr. Bauer served in numerous
financial positions at the MTA, most recently as Deputy Chief
Financial Officer in 1996 and as Comptroller from 1985 to 1996.
Before coming to the MTA in 1973 as an auditor, Mr. Bauer held
accounting and audit positions at Lever Brothers and Chemical
Bank. He is a graduate of Bradley University with a BS degree
in Finance.

Mr. Conway said that a national search for a new president
has begun.