SPEAKER INDEX    CONTENTS   INSERTS   
BAKER            1      3      6     10     11     12     13     15     18  
                19     20     22     24     25     27     28     29     32  
                34     37     40     44     47     48     49  
BRITZ           37     49  
BROWN-WAITE    24     25  
COLBY            6     12     13     14     15     16     17     18     21  
                22     23     24     25     26     29     30     31     33  
                24  
D'AGOSTINO       3      4     11     12     20     21     27     28     29  
                31     32     33  
EMANUEL         22     23  
GREEN           44     49  
HARRIS          26  
HART            20     21     22  
INSLEE          27  
ISRAEL          29     31  
KANJORSKI        2     13     14     15     47     48  
KETCHUM         35  
KITTELL         41  
MALONEY         19     20  
MANZULLO        32     33     34  
MCCARTHY        18     19  
OSE             16     17     18  
RENZI           28     29  
SCOTT           25     47     48  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF DAVI M. D'AGOSTINO, DIRECTOR, FINANCIAL MARKETS AND COMMUNITY INVESTMENT, U.S. 
GENERAL ACCOUNTING OFFICE
                                                                 PAGE     3

STATEMENT OF ROBERT L.D. COLBY, DEPUTY DIRECTOR, DIVISION OF MARKET REGULATION, SECURITIES AND 
EXCHANGE COMMISSION
                                                                 PAGE     6

STATEMENT OF RICHARD G. KETCHUM, PRESIDENT, NASDAQ STOCK MARKET
                                                                 PAGE    35

STATEMENT OF ROBERT G. BRITZ, PRESIDENT AND CO-CHIEF OPERATING OFFICER, NEW YORK STOCK EXCHANGE
                                                                 PAGE    37

STATEMENT OF DONALD D. KITTELL, EXECUTIVE VICE PRESIDENT, SECURITIES INDUSTRY ASSOCIATION
                                                                 PAGE    40

STATEMENT OF MICAH S. GREEN, PRESIDENT, THE BOND MARKET ASSOCIATION
                                                                 PAGE    44


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING