Holders France will face a strong Russian side and hosts Hungary in the group stage of the inaugural version of the $18 million Fed Cup Finals to be held in Budapest from April 14-19.


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France, who beat Australia in the last final of the 57-year-old team event`s previous format in November, is one of four nations who qualified automatically for the 12-nation event to be staged on clay at the Laszlo Papp Sports Arena.


Hungary, as hosts, Australia as runners-up and 11-times winners the Czech Republic, as a wild card, were the other three.


Tuesday`s draw held in Budapest`s majestic Museum of Fine Arts paired record 18-times Fed Cup champions the United States with Slovakia and five-times winners Spain who will fancy their chances on their favored red dust.


Last year`s runners-up Australia face Belgium and surprise finalists Belarus in Group B.


Czech Republic faces Germany and Switzerland in Group D.


The four group winners will go through to the semi-finals followed by a final. Individual ties will consist of two singles matches followed by doubles.


The Fed Cup`s new format, which saw eight nations qualify through playoffs last weekend, is something of a throwback to the first edition in 1963 when 16 nations played over a week at London`s Queen`s Club with the United States, featuring Billie Jean King, beating Australia in the final.


King was present at the draw ceremony and praised the International Tennis Federation`s elevation of the women`s team event which now shares equal prize money with the Davis Cup.


The competing players at the week-long event will split $12 million with the other $6 million going to federations.


"Women`s tennis has always been the leader in women`s sport," American King, the trailblazer, and inspiration behind the formation of the WTA Tour said at the draw ceremony.


"This sends a very strong message. I`m very excited and really want to thank Hungary and everyone involved. This is an amazing opportunity."


While the change of the men`s Davis Cup from a year-long `home-away` World Group knockout draw to a one-week showdown in Madrid suffered some teething problems, the new Fed Cup format has been greeted in a generally positive fashion.


The April slot is a much better fit than the men`s Davis Cup which was played with 18 nations and crammed into a week in November, including grueling late-night finishes.


Group A


France, Hungary, Russia


Group B


Australia, Belgium, Belarus


Group C


United States, Slovakia, Spain


Group D


Czech Rep, Germany, Switzerland