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