Mr. Bob Lenz as a philan thropist. He is president of the Bermuda Artworks Foundation of New York City and was making a donation on behalf of that foundation.

ERROR RG P4 1.6.1994 A picture caption concerning Masterworks in Saturday's paper incorrectly decribed Mr. Bob Lenz as a philanthropist. He is the chairman of the Artworks Foundation which provided a grant to Masterworks.

A HELPING HAND -- Mr. Tom Butterfield of the Masterworks Foundation Gallery accepts the first of a series of study grants to be provided to young Bermudians by American philanthropist and frequent Bermuda visitor Mr. Bob Lenz. The new scholarship, which will be administered by a local committee and is expected to be available by September of this year, is designed to help young local artists pursue their studies in painting, photography or other visual media. Interested parties should contact Mr. Butterfield at Masterworks for information.