Two of the biggest names in Alpine skiing were given final approval yesterday to compete in next year's Olympic Games, while a panel was set up to study possible penalties against countries that boycott the Games.

Skiers Ingemar Stenmark and Marc Girardelli were among 10 athletes cleared to compete by the International Olympic Committee's executive board, meeting in Lausanne. The IOC said the cases of eight other athletes were waiting on documents.

Opening a two-day meeting at IOC headquarters, the board also said 101 nations so far had accepted invitations to send teams to Seoul for the Summer Games. No responses have been received from Eastern bloc countries, it added.

Stenmark, who has won more Alpine races than any other skier, was reinstated for Sweden after being barred from the last Winter Games following his declaration as a professional.

The other cases involved athletes who switched nationalities. Girardelli had been a member of the Austrian ski team, but has skied for Luxembourg for several seasons.

Left undecided was the case of Naim Suleymanoglu, a former world champion weightlifter in the 150-pound class who defected from Bulgaria to Turkey last year.

The working group on boycott penalties will focus on nations that accept invitations to compete in the Games and then announce they are staying away.

Invitations to the Seoul Games were sent to all 167 IOC-member nations Sept. 17, one year before the opening ceremonies are scheduled. National Olympic committees have until Jan. 17 to respond . . .

In Honolulu, Joe Vigil, distance running coach for the U.S. Olympic track team who came under fire for reported comments about minorities, was given a vote of confidence by a key committee of The Athletics Congress.

The vote by TAC's International Competition Committee appeared to end the possibility that Vigil, a coach at Adams State College in Colorado, would be removed as an Olympic coach.

The controversy over Vigil was the result of statements attributed to him in an article about minority athletes that appeared in City Sports Magazine, a San Francisco publication. Vigil was quoted as saying minorities lack the dedication needed to succeed in distance running. He later denied making the statements.