- 31st Fiesta Bowl: #2 Oregon beats #3 Colorado, 38-16
- 68th Sugar Bowl: #12 LSU beats #7 Illinois, 47-34
- Euro banknotes and coins become legal tender in twelve of the European Union's member states.
- Taiwan officially joins the World Trade Organization, as Chinese Taipei.
- The Open Skies mutual surveillance treaty, initially signed in 1992, officially comes into force.
Legendary guitarist Eric Clapton (56) weds Melia McEnery (25) at St. Mary Magdalen Church in Surrey, London
- Julia Phillips, American film producer, dies at 57
Day of the Week: Tuesday
How Long Ago? 19 years, 11 months and 2 days
Leap Year: No
Holidays: New Year's Day (Australia, Canada, Ireland, New Zealand, United Kingdom, United States)