SPEAKER INDEX    CONTENTS   INSERTS   
BACHUS          10     39     40     41     42  
BAKER            7      9     34     35     36  
BENTSEN         54     57     58     60     61  
BRICKELL        69     86  
DORSCH          82  
GROVE           76     88     89  
GUTIERREZ       11  
KANJORSKI       48     49     50  
KELLY           13  
LAFALCE          3      5     14     28     29     30     31     32     33  
                34     79     86     87     88     89  
LEACH            1      5      6      8     10     11     12     13     14  
                15     18     21     24     27     28     30     31     34  
                36     39     42     45     46     48     50     53     54  
                58     60     61     62     63     64     65     66     69  
                73     76     78     81     85     90  
MALONEY          6     36     37     38     39     61     62  
NAZARETH        21     29     57     59     60     64     65  
OAKLEY          73  
PARKINSON       18     28     29     31     37     43     51     53     63  
PAUL            24     29     32     38     39     41     52     56     58  
                61     64     65  
RILEY           39     42     44     45     53     54  
ROUKEMA          5  
SACHS           15     27     28     30     31     32     33     35     36  
                39     40     41     42     45     47     48     49     51  
                52     62     63  
SCOTT           66     87  
SHERMAN          8      9  
TOOMEY          12     50     51     53  
WATT            90  
YOUNG           79     89     90  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF HON. LEWIS A. SACHS, ASSISTANT SECRETARY FOR FINANCIAL MARKETS, DEPARTMENT OF THE 
TREASURY
                                                                 PAGE    14

STATEMENT OF PATRICK M. PARKINSON, ASSOCIATE DIRECTOR, DIVISION OF RESEARCH AND STATISTICS, BOARD 
OF GOVERNORS, FEDERAL RESERVE SYSTEM
                                                                 PAGE    18

STATEMENT OF HON. ANNETTE L. NAZARETH, DIRECTOR, DIVISION OF MARKET REGULATION, U.S. SECURITIES 
AND EXCHANGE COMMISSION
                                                                 PAGE    21

STATEMENT OF C. ROBERT PAUL, GENERAL COUNSEL, COMMODITY FUTURES TRADING COMMISSION
                                                                 PAGE    24

STATEMENT OF HAL S. SCOTT, NOMURA PROFESSOR OF INTERNATIONAL FINANCIAL SYSTEMS, DIRECTOR OF THE 
INTERNATIONAL FINANCIAL SYSTEMS PROGRAM, HARVARD LAW SCHOOL
                                                                 PAGE    66

STATEMENT OF MARK C. BRICKELL, MANAGING DIRECTOR, J.P. MORGAN & CO., INC.
                                                                 PAGE    69

STATEMENT OF DENNIS OAKLEY, MANAGING DIRECTOR, GLOBAL CREDIT CAPITAL MANAGEMENT DEPARTMENT, CHASE 
MANHATTAN BANK
                                                                 PAGE    73

STATEMENT OF RICHARD E. GROVE, JR., EXECUTIVE DIRECTOR AND CEO, INTERNATIONAL SWAPS AND 
DERIVATIVES ASSOCIATION, INC.
                                                                 PAGE    76

STATEMENT OF MARK D. YOUNG, PARTNER, KIRKLAND & ELLIS, ON BEHALF OF THE CHICAGO BOARD OF TRADE AND 
THE CHICAGO MERCANTILE EXCHANGE
                                                                 PAGE    79

STATEMENT OF SHAWN A. DORSCH, PRESIDENT, CHIEF OPERATING OFFICER, AND CO-FOUNDER, DNI HOLDINGS, 
INC. (BLACKBIRD)
                                                                 PAGE    81


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING