IN JULY 1992, Ross Perot hastily called a press conference to announce he was dropping out of the presidential race. He reentered the race on Oct. 1 and, through infomercials and solid performances in the presidential debates, soon approached 20% in the polls. Then he made a decision that stopped his momentum cold: he agreed to a 60 Minutes interview to present the "real reason" for his earlier withdrawal.

On Sunday, Oct.25, he told startled viewers he had pulled out after receiving "multiple reports" that there was a Republican plot to embarrass his daughter by disrupting her summer wedding, and that there was also a plan to distribute a computerized false photo of his daughter. After the show Perot was widely ridiculed, and many believed his reasons were bogus.

Some aspects of this scandal have long been known, yet the details were always murky. The full account, now available, reveals that while Perot did have some basis for his bizarre charge, he appears to have relied on sources of dubious credibility. The episode provides insights into the behind-the-scenes intrigue of political campaigns, as well as painting a disturbing portrait of FBI incompetence.