SPEAKER INDEX    CONTENTS   INSERTS   
ADAMS           20     31     32     33     35     46  
BACHUS           1      3  
BROWN-WAITE    39     41  
CERESA          57     68  
CLEM            14     17     28     40  
DINES           23     31     34  
FEENEY          43     45  
KEELING         10     26     29     33     37     39     40     41     44  
                45  
LATOURETTE       5      6      9     14     17     20     23     25     27  
                28     29     32     36     39     41     42     46     47  
                48     52     57     60     62     63     65     66     67  
                68     72  
LUCAS           32     33     34     36  
LUCAS OF KENTUCKY     9  
MALONEY         36     38     39  
MCCUNE          52     53     66     67     71  
MEGSON          17     30     40  
OWENBY          60     70  
PAYNE           63     71  
RAY             49     66     69  
ROYCE           46     48  
SANDERS          3      5     29     30     31     32     42     47     68  
                69     70     71     72  
SHERMAN          7  
WATT             9     41  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF J. MICHAEL KEELING, PRESIDENT, THE ESOP ASSOCIATION, WASHINGTON, D.C.
                                                                 PAGE    10

STATEMENT OF STEVE CLEM, SENIOR PROGRAM COORDINATOR, OHIO EMPLOYEE OWNERSHIP CENTER, KENT STATE 
UNIVERSITY, KENT, OH
                                                                 PAGE    14

STATEMENT OF JAMES MEGSON, EXECUTIVE DIRECTOR, ICA GROUP, BOSTON, MA
                                                                 PAGE    17

STATEMENT OF FRANK ADAMS, PRESIDENT, SOUTHERN APPALACHIAN CENTER FOR COOPERATIVE OWNERSHIP, 
ASHEVILLE, NC
                                                                 PAGE    20

STATEMENT OF RICHARD DINES, DIRECTOR OF COOPERATIVE BUSINESS DEVELOPMENT AND MEMBER SERVICES, 
NATIONAL COOPERATIVE BUSINESS ASSOCIATION, WASHINGTON, D.C.
                                                                 PAGE    23

STATEMENT OF GEORGE RAY, CEO, LEFIELL MANUFACTURING COMPANY, SANTA FE SPRINGS, CA
                                                                 PAGE    49

STATEMENT OF DAVID MCCUNE, PRESIDENT, UNITED STEELWORKERS OF AMERICA, LOCAL 1124-01, ON BEHALF OF 
MASSILLON STAINLESS, INC., MASSILLON, OH
                                                                 PAGE    52

STATEMENT OF SHERRY CERESA, STATISTICAL ANALYST, GARDENER'S SUPPLY COMPANY, BURLINGTON, VT
                                                                 PAGE    57

STATEMENT OF LARRY OWENBY, ASSISTED ON THE EMPLOYEE BUYOUT OF RFS ECUSTA, BREVARD, NC
                                                                 PAGE    60

STATEMENT OF MONTY PAYNE, INTERNATIONAL REPRESENTATIVE, PACE INTERNATIONAL UNION, AFL-CIO, CLC, 
HATTIESBURG, MS
                                                                 PAGE    63


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING