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A slimmed-down President Clinton, relaxing amid the grandeur of the Grand Tetons, played golf on Thursday with James Wolfensohn, president of the World Bank. Clinton, who was chided during the Republican National Convention for his fondness for fast food, admitted during an exchange with reporters late on Wednesday that he shed 15 to 20 pounds to get ready for the rigors of his re-election campaign. Clinton, Wolfensohn and Max Chapman, an investment banker who played host to the president and his family during their vacation, went to the sun-drenched Teton Pines Resort and Country Club.