Two graduates of the College were arraigned in Middlesex Superior Court yesterday and pleaded not guilty to charges that they stole $132,000 raised for children's cancer treatment through an Eliot House ice skating show.

Charles K. Lee '93, who cochaired the 1992 An Evening With Champions, will now be tried on 58 counts of larceny over $250 and eight counts of larceny under $250. Lee is accused of staling nearly $120,000.

David G. Sword '93, the treasurer of the 1991 and 1992 events, will face one count of larceny over $250. Sword is charged with the theft of more than $12,000.

Lee answered with a simple "not guilty" when asked by Clerk Magistrate Robert F. Shell to enter a plea.

"What say you, Mr. Sword?" Shell asked Lee's codefendant.

Sword also answered "not guilty."

An Evening With Champions is an annual ice skating show featuring Olympic and other world-class skaters. The event was established 25 years ago to aid the Jimmy Fund, which raises money for children's cancer research and treatment at the Dana-Farber Cancer Institute.

Shell set bail at $5,000 for Lee and $2,5000 for Sword. Both defendants posted bail by the end of the day, according to district attorney spokesperson Jill Reilly, but must be in contact with the Middlesex Probation office once each week.

Bail was set despite requests from both defense attorneys that their clients be allowed to go free.

Mary Beth D. Cassidy, the assistant district attorney who is prosecuting the case, cited the gravity of charges in requesting the bail. She also pointed out that money was allegedly stolen from a children's cancer charity.

The defense attorneys argued that their clients had no prior criminal records.

James W. Lawson, who is representing Lee, emphasized the strength of his client's character in arguing against the setting of bail.

Lawson said that Lee participated in many service-oriented activities while at Harvard. Lawson mentioned the Big Brother program, as well as his service filing books in Lamont Library and ushering in Memorial Church. He also said that Lee is head of his hometown church's community service program for young members.

Lawson also gave the court two letters which he said affirmed his client's good character. The letters were written by Lee's mother and church pastor.

Lawson said Lee is "in no risk of flight." He said his client was well aware that the case has been under investigation for more than a year and that he cooperated fully with the district attorney during that time. Lawson pointed out that Lee had voluntarily surrendered.