SPEAKER INDEX CONTENTS INSERTS BAKER 1 5 7 10 12 15 16 19 22 23 25 26 28 30 32 35 39 40 41 42 46 47 51 53 54 58 59 61 66 67 68 71 73 75 78 81 84 89 92 95 BARR 30 32 BENTSEN 12 13 14 15 68 70 71 92 93 94 95 COX 35 36 37 38 40 CROWLEY 17 18 19 EVANS 76 87 88 90 91 93 94 FOSSELLA 15 59 67 GRAMM 2 6 7 8 10 12 13 15 16 17 18 19 20 21 22 23 24 25 29 31 34 35 36 37 41 43 44 45 46 HINOJOSA 22 ISRAEL 22 JONES 28 29 30 KANJORSKI 7 8 38 39 43 44 45 54 55 56 57 58 61 62 63 64 65 66 85 86 87 88 89 KELLY 41 42 LUCAS OF KENTUCKY 22 MEEKS 32 33 OSE 19 20 21 33 34 35 71 72 73 74 75 89 90 91 OXLEY 11 QUICK 79 85 88 89 94 ROGERS 40 ROYCE 59 60 61 SCHUMER 25 26 28 29 30 31 32 36 39 44 45 SHADEGG 40 TOES 81 86 87 94 95 UNGER 47 48 52 53 55 56 57 58 59 61 62 63 64 65 66 67 69 70 71 72 73 74 75 WELDON 23 25 CONTENTS SPEAKERS INSERTS STATEMENT OF HON. PHIL GRAMM, A U.S. SENATOR FROM THE STATE OF TEXAS PAGE 2 STATEMENT OF HON. CHARLES E. SCHUMER, A U.S. SENATOR FROM THE STATE OF NEW YORK PAGE 25 STATEMENT OF HON. LAURA S. UNGER, ACTING CHAIR, U.S. SECURITIES AND EXCHANGE COMMISSION PAGE 47 STATEMENT OF SCOTT C. EVANS, EXECUTIVE VICE PRESIDENT, TIAA-CREF INVESTMENT MANAGEMENT PAGE 76 STATEMENT OF CHRISTOPHER C. QUICK, CHIEF EXECUTIVE OFFICER, FLEET MEEHAN SPECIALIST, INC., ON BEHALF OF THE SPECIALIST ASSOCIATION OF THE NEW YORK STOCK EXCHANGE PAGE 78 STATEMENT OF JAMES A. TOES, DIRECTOR, MERRILL LYNCH & COMPANY, ON BEHALF OF THE SECURITY TRADERS ASSOCIATION PAGE 81 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING