Additional reading
Read an ARRL Audio News article by Stephan Anderman, K2SMA, entitled AMSAT-France distances itself from Sputnik project or listen to it in streaming Real Audio or WAV format (406K).
Read the full text of The Hudson Loop #121 where my question was answered.
Read AMSAT's article, "Background Information for Prospective Owners and Operators of Satellites Utilizing Frequencies Allocated to the Amateur-Satellite Service" from February 27, 1997.