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Studds, regarded by many House colleagues as a most effective member of the Massachusetts congressional delegation, says he will "of course" serve out his term. In fact, many of his constituents seemed surprisingly supportive last week. Said Boston Political Consultant Michael Goldman: "Now that he is out of the closet, he could become even more effective." The prospects are less clear for Crane, the brother of Illinois Representative Philip Crane, who sought the 1980 G.O.P. presidential nomination. "This does not fit the image Dan Crane has tried to portray," says Danville Lawyer Tom Lindley. "This makes it less likely he'll run for re-election." On Saturday, Crane said he would not resign. His press secretary, William Mencarow, suggested the entire matter was no big deal. "If we required the resignation of all Congressmen who slept with young ladies," he said, "we wouldn't have a Congress." He later apologized for the observation.