SPEAKER INDEX Segment 1 of 2 Next Segment (2) CONTENTS INSERTS ARBOR 108 120 122 125 127 133 BACHUS 50 51 52 53 54 55 BENTSEN 56 57 58 79 97 98 99 100 102 104 128 129 130 131 132 133 134 BIES 32 33 40 43 46 49 59 62 64 BRICKELL 21 39 42 45 46 48 50 51 52 55 56 57 59 60 61 62 63 70 CAMPBELL 12 66 68 69 70 71 COFFEE 68 69 70 77 78 79 93 94 95 99 100 103 GORDON 105 121 122 127 129 130 131 GRAMM 73 96 98 101 102 HINCHEY 13 JAMES 25 40 42 47 48 53 54 55 65 KELLY 12 KENNEDY 8 123 125 126 128 LAFALCE 4 33 43 44 45 46 47 49 LEACH 1 7 8 9 10 12 13 15 16 20 25 29 32 33 38 39 40 41 42 43 49 55 58 66 71 72 77 78 79 84 90 92 93 94 95 96 97 104 108 113 115 116 117 119 120 121 122 123 128 134 MACKAY 85 95 99 103 104 MALONEY 58 59 60 61 62 63 64 66 OAKLEY 16 39 41 42 43 44 50 53 54 55 58 66 RAPPAPORT 113 115 116 117 118 119 121 122 126 127 132 133 REGALIA 90 ROUKEMA 8 9 SHERMAN 134 SMITHSON 29 40 42 57 VENTO 10 CONTENTS SPEAKERS INSERTS STATEMENT OF DENNIS OAKLEY, MANAGING DIRECTOR OF GLOBAL MARKETS, THE CHASE MANHATTAN BANK PAGE 16 STATEMENT OF MARK C. BRICKELL, MANAGING DIRECTOR, J.P. MORGAN SECURITIES, INC. PAGE 21 STATEMENT OF GEORGE M. JAMES, MANAGING DIRECTOR, MORGAN STANLEY DEAN WITTER & CO. PAGE 25 STATEMENT OF CHARLES W. SMITHSON, MANAGING DIRECTOR, FINANCIAL PRODUCTS, CIBC WORLD MARKETS PAGE 29 STATEMENT OF DR. SUSAN S. BIES, EXECUTIVE VICE PRESIDENT, RISK MANAGEMENT, FIRST TENNESSEE NATIONAL CORP. PAGE 32 STATEMENT OF DR. WENDY L. GRAMM, DISTINGUISHED SENIOR FELLOW, JAMES BUCHANAN CENTER, GEORGE MASON UNIVERSITY, FAIRFAX, VA PAGE 73 STATEMENT OF JOHN C. COFFEE, JR., ADOLPH A. BERLE PROFESSOR OF LAW, COLUMBIA UNIVERSITY LAW SCHOOL PAGE 77 STATEMENT OF DR. ROBERT J. MACKAY, VICE PRESIDENT, NATIONAL ECONOMIC RESEARCH ASSOCIATES PAGE 84 STATEMENT OF DR. MARTIN A. REGALIA, VICE PRESIDENT FOR ECONOMIC POLICY AND CHIEF ECONOMIST, U.S. CHAMBER OF COMMERCE PAGE 90 STATEMENT OF M. SCOTT GORDON, CHAIRMAN OF THE BOARD OF DIRECTORS, CHICAGO MERCANTILE EXCHANGE PAGE 105 STATEMENT OF PATRICK H. ARBOR, CHAIRMAN OF THE BOARD, CHICAGO BOARD OF TRADE, ACCOMPANIED BY THOMAS R. DONOVAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER PAGE 108 STATEMENT OF DANIEL RAPPAPORT, CHAIRMAN, NEW YORK MERCANTILE EXCHANGE, ACCOMPANIED BY PATRICK THOMPSON, PRESIDENT PAGE 113 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING