  We propose that the difference of dynamical gauge bosons in asymptotically
non-free (ANF) gauge thoeries from elementary ones is the existence of the
compositeness condition at some scale $Lambda$. This shall be explained by
using non-linear Grassmannian like model where dynamical gauge bosons are
generated associated with the hidden local symmetry. Then we argue that ANF
gauge theories may provide another possible scenario of the ``standard model''
below GUT scale, where we shall see that infra-red stable points play essential
roles. The talk is based on the papers written with J. Sato and K. Yoshioka, T.
Takeuchi, T. Onogi and Y. Taniguchi and S. Tanimura (Invited talk at SCGT
workshop held in Nagoya in Novenber 1996).
