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