ANN ARBOR, MI—Ann Arbor Pool Club member Edwin Peters, 32, a club record-holder in the 200-meter freestyle, the 200-meter individual medley, and the 200-meter butterfly, was disappointed to learn yesterday that Olympic champion Michael Phelps just joined the swimming club. "I understand records are made to be broken, but come on," said Peters, who is well aware that Phelps owns world records in the events previously mentioned. "I think this is going to make for a pretty lopsided club championship." Phelps was unavailable for comment, but many have said that his competitive nature will not allow him to take it easy on Peters or any other member of the Ann Arbor Pool Club.