FUTURES ASSOCIATION NAMES NEW CHAIRMAN

FUTURES ASSOCIATION NAMES NEW CHAIRMAN

Hal Hansen, president of Cargill Investor Services Inc., Thursday was elected chairman of the Futures Industry Association, the country's leading futures group.

Mr. Hansen succeeds David Vogel, chairman of LIT America, after a two- year term.Peter Karpen, director of First Boston Corp., was named vice chairman.

Morton Lane, senior managing director of Bear Stearns & Co., was named secretary/treasurer.

O. Lee Reid, vice president at A.G. Edwards and Sons, and Craig Smithson, managing director of the futures division at PaineWebber Inc., were elected to two-year terms as directors.