Minnesota native Tom Malchow is favored to win the gold in the final round of the 200 meter butterfly tomorrow night in Sydney. He already holds the world record in the 200 meter fly and won a silver medal in the event at the Atlanta games in '96. Malchow might also have contended in the 100 fly, but decided during the Olympic trials to skip the event. Paul Lundsten coached Malchow from the time the Olympian was seven years old until he went off to college. He says Malchow is wise to focus his energy on one olympic event: