The Clinton administration is drawing up legislation that would provide compensation for victims of the U.S. Embassy bombings in Kenya and Tanzania, U.S. Commerce Secretary William Daley said Thursday.

Daley said he did not have a dollar figure for the package but thought it would be "very substantial" for both African nations.He was to have led a trade mission to Kenya and Tanzania this month, but it has been postponed until December. Daley said 100 companies applied to join the mission and 20 had been selected. They were still planning to come on the rescheduled trip, he said.

In nearly simultaneous bombings of the embassies on Aug. 7, 247 people, including 12 Americans, died in Nairobi, and 11 died in Dar es Salaam.

Shortly afterward, Kenyan President Daniel arap Moi estimated damage at $500 million, but business and financial experts said that was too high.

The embassy in Nairobi was in a busy area in the city center, and the building in Dar es Salaam was in a residential neighborhood.