Calvin Peete and Mark McCumber shot four-under-par 68 to share the lead after the first round of the $500,000 MONY Tournament of Champions in Carlsbad, Calif., the first event on the 1986 PGA Tour and one that brings together the winners of Tour titles from the previous 12 months.

Peete and McCumber were one shot ahead of defending champion Tom Kite and Masters title-holder Bernhard Langer.

In the separate $100,000 tournament for the Seniors tour winners from the 1985 season, Lee Elder took a one-shot lead with a 69. Miller Barber was second and Arnold Palmer was next at 72 . . .

PGA Tour Commissioner Deane Beman said he may return to active -- but not full-time -- competition as a professional player and will make his decision in March or April.

Should he go ahead with his plan, Beman would be the first athlete to compete professionally in his sport while commissioner. Beman, 46, is a former U.S. and British amateur champion and won four pro tour titles before his selection as commissioner 13 years ago.

Beman said that he would not compete in "PGA Tour cosponsored (or regular Tour) events under any circumstances." His targets would be the U.S. Open and British Opens "and possibly another foreign event," he said.