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DATE=10/6/98 TYPE=CORRESPONDENT REPORT NUMBER=2-239810 TITLE=CLINTON VETO / INDIA-PAK (L) BYLINE=DEBORAH TATE DATELINE=WHITE HOUSE CONTENT= VOICED AT: INTRO: A PLAN TO EXEMPT FOOD CREDITS FROM U-S ECONOMIC SANCTIONS ON INDIA AND PAKISTAN THAT WERE IMPOSED AFTER THE TWO NATIONS CONDUCTED NUCLEAR TESTS WILL BE KILLED, BUT MAY BE REVIVED WHEN THE CONGRESS SENDS THE PRESIDENT AN OMNIBUS SPENDING BILL. V-O-A'S DEBORAH TATE EXPLAINS. TEXT: IN A WRITTEN STATEMENT, MR. CLINTON ANNOUNCED HIS INTENTION TO VETO A FOUR BILLION DOLLAR AID PACKAGE FOR AMERICAN FARMERS BECAUSE IT FALLS FAR SHORT OF THE NEARLY EIGHT BILLION DOLLARS HE HAD REQUESTED. THE PRESIDENT SAID THE PACKAGE DOES NOT DO ENOUGH TO HELP FARMERS, WHO HE SAID, ARE SUFFERING THE WORST AGRICULTURE CRISIS IN A DECADE -- BROUGHT ON BY SEVERE FLOODS, DROUGHT AND CROP DISEASE. THE SENATE APPROVED THE BILL TUESDAY AND SENT IT TO THE PRESIDENT. THE HOUSE PASSED IT FRIDAY. BESIDES OFFERING DIRECT AID TO FARMERS, THE MEASURE ALSO CALLS FOR A ONE-YEAR WAIVER OF U-S AGRICULTURAL EXPORT CREDITS TO PAKISTAN AND INDIA. PAKISTAN IS AMONG THE TOP CUSTOMERS FOR U-S WHEAT, AND IT RELIES HEAVILY ON EXPORT CREDIT GUARANTEES TO MAKE ITS PURCHASES. ALTHOUGH THE REPUBLICAN-LED CONGRESS DENOUNCED THE NUCLEAR TESTS CONDUCTED BY NEW DELHI AND ISLAMABAD LAST MAY, LAWMAKERS WENT ALONG WITH THE SANCTIONS WAIVER TO SHOW THEIR SENSITIVITY TO THEIR INFLUENTIAL FARM CONSTITUENTS AHEAD OF NEXT MONTH'S CONGRESSIONAL ELECTIONS. MR. CLINTON HAS ALSO EXPRESSED SUPPORT FOR THE WAIVER. SENATE MAJORITY LEADER TRENT LOTT SAID IF THE PRESIDENT MAKES GOOD ON HIS VETO THREAT, LAWMAKERS WOULD ATTACH THE FARM MEASURE TO AN OMNIBUS SPENDING BILL TO BE SENT TO MR. CLINTON LATER THIS WEEK THAT WOULD INCLUDE APPROPRIATIONS FOR FEDERAL AGENCIES. IT IS LIKELY THE WAIVER WOULD BE INCLUDED. (SIGNED) NEB/DAT/PT 06-Oct-98 8:27 PM EDT (0027 UTC) NNNN Source: Voice of America .