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