REPRODUCED AT THE NATIONAL ARCHIVES 52% LL 976 In I 5 Muf n p hi I leb ' hi 1 Ada-B f mu m lr fa Mr 9 ge wa 552v 9 0 twi mxv 2 mm wr 72 r Am a swim 90-6 WM MW 72 ang 654 WU 12Vng dwo W Wm g REPRODUCED AT THE NATIONAL ARCHIVES ALZ 0039831 Dec 7 Met with President Shultz Don Regan John McMahon Me FFarlane John Poindexter - in 10 - 1155 a upstairs residence of WH end of corridor sitting room re NSC Iran proposal President wants to free hostages Thinks a Hawks TOWs would only go to Moderate Elements in Army would help overthrow Iranian gov't I argued strongly that we have an Embargo that Makes Arms Sales to Iran illegal President couldn't violate it that washing transaction thru Israel wouldn't make it legal Shultz Don Regan agreed Presid nt sd he could answer charges of illegality but he couldn't answer charge that big strong President Reagan passed up a chance to free hostages Preside President left to do his noon radio I