SPEAKER INDEX CONTENTS INSERTS BACHUS 33 34 35 36 37 38 39 46 47 BAKER 1 5 6 7 8 13 15 16 17 18 22 26 29 33 39 43 46 47 48 49 54 56 57 58 59 60 61 62 65 68 69 70 71 72 73 74 78 80 81 82 83 86 90 92 95 96 97 BARTH 83 BENTSEN 7 39 41 42 BERRY 97 BIES 93 BRENNAN 95 CAMPBELL 43 44 45 62 63 65 67 68 73 GUTIERREZ 7 JENKINS 7 8 14 16 17 18 19 20 21 23 25 26 27 28 29 30 32 33 34 35 36 37 38 39 41 42 43 44 45 47 48 KANJORSKI 17 18 20 21 22 47 48 LAFALCE 29 32 LEVITT 49 54 55 56 57 58 59 61 62 63 64 65 66 67 68 70 71 72 73 LUCAS 22 46 PHILLIPS 74 78 80 81 82 SNOWBARGER 7 26 27 28 29 SUTTON 69 72 THORNTON 90 TRUPIN 86 VENTO 4 5 8 23 24 25 CONTENTS SPEAKERS INSERTS STATEMENT OF EDMUND L. JENKINS, CHAIRMAN, FINANCIAL ACCOUNTING STANDARDS BOARD PAGE 7 STATEMENT OF HON. ARTHUR LEVITT, CHAIRMAN, U.S. SECURITIES AND EXCHANGE COMMISSION PAGE 49 STATEMENT OF HON. SUSAN M. PHILLIPS, MEMBER, BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM PAGE 74 STATEMENT OF MARY E. BARTH, ASSOCIATE PROFESSOR, GRADUATE SCHOOL OF BUSINESS, STANFORD UNIVERSITY PAGE 83 STATEMENT OF ROGER W. TRUPIN, COMPTROLLER, CITICORP PAGE 86 STATEMENT OF JOHN T. THORNTON, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, NORWEST CORPORATION PAGE 90 STATEMENT OF SUSAN SCHMIDT BIES, EXECUTIVE VICE PRESIDENT, RISK MANAGEMENT, FIRST TENNESSEE NATIONAL CORPORATION PAGE 93 STATEMENT OF JOHN J. BRENNAN, PRESIDENT AND CEO, THE VANGUARD GROUP PAGE 95 STATEMENT OF DAVID S. BERRY, DIRECTOR OF RESEARCH, KEEFE, BRUYETTE & WOODS, INC. PAGE 96 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING