SPEAKER INDEX    CONTENTS   INSERTS   
BACHUS          31     32     33     34     35  
BAKER            1      5      8     15     16     17     18     19     20  
                21     25     29     30     31     34     36     37     39  
                41     45     47     50     52     55     56     60     63  
                67     70     75     79     80     81     82     83     84  
                92     95     99    100  
BIGGERT         37     38     39  
CROWLEY         47     49     50     95     97     98  
DONALDSON        8     16     17     18     19     20     21     22     24  
                26     27     28     29     30     31     32     33     34  
                35     36     37     38     39     40     41     42     43  
                44     45     46     47     48     49     50     51     52  
                53     55     56  
EMANUEL         29     30     31  
FOLEY           70     89     90     91  
FOSSELLA        31  
GIESEA          60  
HART            92     93     94     95  
HINOJOSA        36     37  
INSLEE          45     46     47  
JOYCE           63     86     87     89     92     94     95  
KANJORSKI        2     21     23     84     86     88     89     90     92  
KELLY           41     42     43     44     45  
LABRANCHE       67     80     81     93     97  
MALONEY         52     54     55  
MCCOOEY         56     82     83     95  
MEEKS           50     51     52  
NAZARETH        33     34     38     42  
NICOLL          75     99  
OXLEY            5     25     26     28     29  
SCOTT           39     40  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF HON. WILLIAM H. DONALDSON, CHAIRMAN, SECURITIES AND EXCHANGE COMMISSION
                                                                 PAGE     8

STATEMENT OF ROBERT H. MCCOOEY, JR., PRESIDENT AND CEO, THE GRISWOLD COMPANY
                                                                 PAGE    56

STATEMENT OF JOHN GIESEA, PRESIDENT AND CEO, SECURITY TRADERS' ASSOCIATION
                                                                 PAGE    60

STATEMENT OF THOMAS M. JOYCE, PRESIDENT AND CEO, KNIGHT TRADING GROUP, INC.
                                                                 PAGE    63

STATEMENT OF MICHAEL LABRANCHE, CHAIRMAN, CEO AND PRESIDENT, LABRANCHE & CO., INC.
                                                                 PAGE    67

STATEMENT OF KEVIN FOLEY, CEO, BLOOMBERG TRADEBOOK
                                                                 PAGE    70

STATEMENT OF EDWARD NICOLL, CEO, INSTINET GROUP INCORPORATED
                                                                 PAGE    75


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING