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Callaway Golf Conference Call Scheduled

    CARLSBAD, Calif., July 18 /PRNewswire/ -- Callaway Golf Company
(NYSE: ELY) announced today that it will release its second quarter 2001
results on Wednesday afternoon, July 25, 2001.  The Company will subsequently
hold a conference call to discuss its results at 2:00 p.m. PDT that same day,
which will be hosted by Ron Drapeau, President and Chief Executive Officer and
Brad Holiday, Executive Vice President and Chief Financial Officer.
    The call will be broadcast live over the Internet and can be accessed at
http://www.callawaygolf.com.  To listen to the call, go to the web site at
least 15 minutes before the call to register and for instructions on how to
access the broadcast.
    Those wishing to listen via telephone should call (877) 356-4615 for
US/Canada participants and (706) 643-0832 for International/Local participants
prior to the start of the call and ask to be connected to the Callaway Golf
Earnings Release call.  A replay of the conference call will be available
approximately two hours after the call ends through 5:00 p.m. PDT, on July 27,
2001 by calling (800) 642-1687 for US/Canada participants and (706) 645-9291
for International/Local participants.  You will be asked to enter the
Conference ID #1349208 for the replay only.  You may also access it via our
home page at http://www.callawaygolf.com.

    Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons,
including Big Bertha ERC(R) II Forged Titanium Drivers, Big Bertha Hawk Eye(R)
VFT(TM) and Big Bertha Hawk Eye VFT Pro Series Titanium Drivers and
Fairway Woods, Big Bertha Steelhead Plus(TM) Stainless Steel Drivers and
Fairway Woods, Hawk Eye Tungsten Injected(TM) Titanium Irons, Steelhead(TM)
X-14(R) and Steelhead X-14 Pro Series Stainless Steel Irons.  Callaway Golf
Company also makes and sells Odyssey(R) Putters, including White Hot(R),
TriHot(TM), and Dual Force(R) Putters.  Callaway Golf Company makes and sells
the Callaway Golf(R) Rule 35(R) Firmfeel(TM) and Softfeel(TM) golf balls, and
the CB1(TM) Red and CB1 Blue golf balls.  For more information about Callaway
Golf Company, please visit our Web sites at http://www.callawaygolf.com and
http://www.odysseygolf.com.



SOURCE Callaway Golf Company




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    CONTACT:
    Callaway Golf Company, Investor Relations,
    +1-760-931-1771