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He went down, visited him a number of times. Came back, gave all of us these, by our standards of Donovan's way of talking, very enthusiastic reports about this great new find--Carter. It was somewhat uncharacteristic of him. Yet, he continued to really I think push his colleagues a bit towards giving more coverage to the man. I also believe that Carter considered that TIME had a lot to do with the fact that he became president.

My attitude toward Carter was much more ambiguous. I was never quite sure that I understood what kind of a man he was. I was always surprised that Hedley seemed to be so clear about him, particularly about the fact that he had such a good brain.

Well, Carter became president. His career was cut short by Iran. Amazing how that lousy old country can screw up more presidents than you care to count. When the day of crisis of confidence occurred in Carter and the Carter regime, Clark Clifford and his then wise men gathered I believe at Camp David for a weekend, and said, “You have to bring some new blood, some new credible blood, into your administration.” They went over a variety of names. The two names that came out were Lloyd Cutler, a well known Washington lawyer who'd been involved in politics over the years, and Hedley Donovan. I guess Hedley took a leave--it was towards the end of his regime anyhow.

He moved down there to be an adviser to the president. Well I gather that he discovered that, in due course, that there was really no such thing as being an adviser to the president. You either have a functional role or you're an adviser and you write memos that people tend to read and toss. I think, in fact I'm sure, that the