*** Watchtower 1991 February 15 pp.15-20 "You Were Bought With a Price" ***
8 Hence, the ransom sacrifice is fundamental to the new covenant, of which Jesus is the Mediator. Paul wrote: "There is one God, and one mediator between God and men, a man, Christ Jesus, who gave himself a corresponding ransom for all-this is what is to be witnessed to at its own particular times." (1 Timothy 2:5, 6) Those words especially apply to the 144,000, with whom the new covenant is made.
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11 Nevertheless, in a preliminary way, the great crowd have already "washed their robes and made them white in the blood of the Lamb." (Revelation 7:14) Christ does not act as Mediator of the new covenant toward them, yet they benefit from this covenant through the work of God's Kingdom. Christ still acts toward them, however, as High Priest, through whom Jehovah can and does apply the ransom to the extent of their now being declared righteous as God's friends. (Compare James 2:23.) During the Millennium, they will gradually "be set free from enslavement to corruption [until finally they] have the glorious freedom of the children of God."-Romans 8:21.
Go to quotes at the bottom of this page and check out Mediator, there's lots more stuff on it.
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