SPEAKER INDEX    CONTENTS   INSERTS   
DOOLEY          43     44  
ETHERIDGE       38     40  
EVERETT         35     36     37  
EWING            8     14     17     22     24     27     28     29     30  
                31     34     35     37     40     43     45     48     50  
                54     55     56     57     58  
KEITH WILLIAMS     4  
LANCE KOTSCHWAR     4  
MORAN           45     46     47     48  
NAZARETH        24     28     29     30     33     35     37     40     44  
                47     53     54     55     56     57     58  
PARKINSON       22     39     49     52     57     58  
PAUL            15     30     31     32     33     35     38     41     42  
                43     44     46     47     51     54     55     56     57  
POMEROY         31     32     33     34     35  
R                4  
SACHS           18     39     48     52     53     56     57  
SMITH           40     41     42     43  
STENHOLM        27     31  
STEPHEN HATERIUS     4  
THUNE           50     52     53  
WALDEN          49  
WILLIAM E. O'CONNER, J     4  

CONTENTS    SPEAKERS   INSERTS   
OPENING STATEMENT OF HON. THOMAS W. EWING, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF ILLINOIS
                                                                 PAGE     8

STATEMENT OF C. ROBERT PAUL, GENERAL COUNSEL, COMMODITY FUTURES TRADING COMMISSION
                                                                 PAGE    15

STATEMENT OF LEWIS A. SACHS, ASSISTANT SECRETARY, FINANCIAL MARKETS, U.S. DEPARTMENT OF THE 
TREASURY
                                                                 PAGE    18

STATEMENT OF PATRICK M. PARKINSON, ASSOCIATE DIRECTOR, DIVISION OF RESEARCH AND STATISTICS, BOARD 
OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
                                                                 PAGE    22

STATEMENT OF ANNETTE L. NAZARETH, DIRECTOR, DIVISION OF MARKET REGULATION, U.S. SECURITIES AND 
EXCHANGE COMMISSION
                                                                 PAGE    24

OPENING STATEMENT OF HON. CHARLES W. STENHOLM, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF TEXAS
                                                                 PAGE    27


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING