ITHACA, N.Y. -- Cornell University's Johnson Graduate School of Management will award full-tuition, two-year Park Fellowships to 30 entering MBA students beginning in the fall of 1997. The fellowships are named for the late Roy H. Park. Funding will be provided by the Park Foundation.

Alan Merten, the Anne and Elmer Lindseth Dean of the Johnson School, said the establishment of the Park Fellowships will enable the school to attract the best students. "The Park Fellowships help propel the school into the next century by enabling us to compete aggressively for the best students and thus meet the demands of the corporate community," he said.

Students selected for Park Fellowships must demonstrate exceptional promise for academic and professional success. Strong consideration will be given to candidates whose prior academic and work experience demonstrate exceptional leadership capabilities, a devotion to public service and a keen concern for environmental issues.

Park Fellows will be given full tuition support plus a stipend to cover basic living expenses, books and supplies. Fellows also will participate in various forums and seminars that will focus on a broad range of ethical, social, regulatory and environmental issues surrounding business.

"The establishment of the Park Fellows Program marks the successful completion of three major objectives the Johnson School has had over the last decade," said Cornell University President Hunter Rawlings. "The school has been successful in raising funds to create endowed professorships to attract the best and brightest faculty and was supported generously by friends and alumni in its capital campaign to ensure that the school has a world-class facility. Now, with the addition of the Park Fellows, the Johnson School will truly be without peer in its position as the leader in the field of graduate business education."