SPEAKER INDEX CONTENTS INSERTS ARBOR 49 64 65 66 69 73 74 BORN 19 22 23 25 26 27 28 29 30 31 BRYANT 24 25 26 27 CHICAGO BOARD OF TRADE 104 CONDIT 13 DAMGARD 79 93 94 96 97 99 DEAR CHAIRMAN EWING 104 DONOVAN 67 EWING 1 3 4 7 8 9 10 11 13 14 16 17 18 19 21 23 24 27 28 29 30 31 47 51 52 55 65 66 67 70 71 72 73 74 75 76 79 82 86 89 90 93 94 95 96 98 100 GAINE 82 93 94 95 GEORGY 90 93 94 96 97 GOODE 11 HILLMAN 4 7 8 9 10 11 14 15 16 17 18 KENDALL KEITH 89 93 94 LEWIS 3 10 11 LINDAU 86 93 94 95 96 97 MORAN 16 57 60 61 62 63 65 PATRICK H. ARBOR 104 POMEROY 14 15 16 SANDNER 51 52 62 65 67 68 72 74 75 SMITH 11 12 13 SUSAN KEITH 76 93 99 THOMPSON 55 60 61 65 66 68 70 71 74 75 TIPPINS 57 66 68 70 TROP 12 13 CONTENTS SPEAKERS INSERTS STATEMENT OF HON. THOMAS W. EWING, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF ILLINOIS PAGE 1 STATEMENT OF RICHARD J. HILLMAN, ACTING ASSOCIATE DIRECTOR, FINANCIAL INSTITUTIONS AND MARKETS ISSUES, GENERAL GOVERNMENT DIVISION, GENERAL ACCOUNTING OFFICE PAGE 4 STATEMENT OF BROOKSLEY BORN, CHAIRPERSON, COMMODITY FUTURES TRADING COMMISSION PAGE 19 OPENING STATEMENT OF HON. THOMAS W. EWING, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF ILLINOIS PAGE 47 STATEMENT OF PATRICK ARBOR, CHAIRMAN, CHICAGO BOARD OF TRADE PAGE 49 STATEMENT OF JOHN SANDNER, CHAIRMAN, CHICAGO MERCANTILE EXCHANGE PAGE 51 STATEMENT OF PATRICK THOMPSON, PRESIDENT, NEW YORK MERCANTILE EXCHANGE PAGE 55 STATEMENT OF JEAN TIPPINS, VICE PRESIDENT, ADMINISTRATION, NATIONAL FUTURES ASSOCIATION PAGE 57 STATEMENT OF SUSAN KEITH, SENIOR DIRECTOR, NATIONAL CORN GROWERS ASSOCIATION PAGE 76 STATEMENT OF JOHN DAMGARD, PRESIDENT, FUTURES INDUSTRY ASSOCIATION PAGE 79 STATEMENT OF JOHN GAINE, PRESIDENT, MANAGED FUNDS ASSOCIATION PAGE 82 STATEMENT OF JAMES LINDAU, CHAIRMAN, NATIONAL GRAIN TRADE COUNCIL PAGE 86 STATEMENT OF KENDALL KEITH, PRESIDENT, NATIONAL GRAIN AND FEED ASSOCIATION PAGE 89 STATEMENT OF PAUL GEORGY, PRESIDENT, NATIONAL INTRODUCING BROKERS ASSOCIATION PAGE 90 INSERTS SPEAKERS CONTENTS