Confidence NN B-NP
in IN B-PP
the DT B-NP
pound NN I-NP
is VBZ B-VP
widely RB I-VP
expected VBN I-VP
to TO I-VP
take VB I-VP
another DT B-NP
sharp JJ I-NP
dive NN I-NP
if IN B-SBAR
trade NN B-NP
figures NNS I-NP
for IN B-PP
September NNP B-NP
, , O
due JJ B-ADJP
for IN B-PP
release NN B-NP
tomorrow NN B-NP
, , O
fail VB B-VP
to TO I-VP
show VB I-VP
a DT B-NP
substantial JJ I-NP
improvement NN I-NP
from IN B-PP
July NNP B-NP
and CC I-NP
August NNP I-NP
's POS B-NP
near-record JJ I-NP
deficits NNS I-NP
. . O

Chancellor NNP O
of IN B-PP
the DT B-NP
Exchequer NNP I-NP
Nigel NNP B-NP
Lawson NNP I-NP
's POS B-NP
restated VBN I-NP
commitment NN I-NP
to TO B-PP
a DT B-NP
firm NN I-NP
monetary JJ I-NP
policy NN I-NP
has VBZ B-VP
helped VBN I-VP
to TO I-VP
prevent VB I-VP
a DT B-NP
freefall NN I-NP
in IN B-PP
sterling NN B-NP
over IN B-PP
the DT B-NP
past JJ I-NP
week NN I-NP
. . O

But CC O
analysts NNS B-NP
reckon VBP B-VP
underlying VBG B-NP
support NN I-NP
for IN B-PP
sterling NN B-NP
has VBZ B-VP
been VBN I-VP
eroded VBN I-VP
by IN B-PP
the DT B-NP
chancellor NN I-NP
's POS B-NP
failure NN I-NP
to TO B-VP
announce VB I-VP
any DT B-NP
new JJ I-NP
policy NN I-NP
measures NNS I-NP
in IN B-PP
his PRP$ B-NP
Mansion NNP I-NP
House NNP I-NP
speech NN I-NP
last JJ B-NP
Thursday NNP I-NP
. . O

This DT B-NP
has VBZ B-VP
increased VBN I-VP
the DT B-NP
risk NN I-NP
of IN B-PP
the DT B-NP
government NN I-NP
being VBG B-VP
forced VBN I-VP
to TO I-VP
increase VB I-VP
base NN B-NP
rates NNS I-NP
to TO B-PP
16 CD B-NP
% NN I-NP
from IN B-PP
their PRP$ B-NP
current JJ I-NP
15 CD I-NP
% NN I-NP
level NN I-NP
to TO B-VP
defend VB I-VP
the DT B-NP
pound NN I-NP
, , O
economists NNS B-NP
and CC O
foreign JJ B-NP
exchange NN I-NP
market NN I-NP
analysts NNS I-NP
say VBP B-VP
. . O

`` `` O
The DT B-NP
risks NNS I-NP
for IN B-PP
sterling NN B-NP
of IN B-PP
a DT B-NP
bad JJ I-NP
trade NN I-NP
figure NN I-NP
are VBP B-VP
very RB B-ADVP
heavily RB I-ADVP
on IN B-PP
the DT B-NP
down JJ I-NP
side NN I-NP
, , O
'' '' O
said VBD B-VP
Chris NNP B-NP
Dillow NNP I-NP
, , O
senior JJ B-NP
U.K. NNP I-NP
economist NN I-NP
at IN B-PP
Nomura NNP B-NP
Research NNP I-NP
Institute NNP I-NP
. . O

`` `` O
If IN B-SBAR
there EX B-NP
is VBZ B-VP
another DT B-NP
bad JJ I-NP
trade NN I-NP
number NN I-NP
, , O
there EX B-NP
could MD B-VP
be VB I-VP
an DT B-NP
awful JJ I-NP
lot NN I-NP
of IN B-PP
pressure NN B-NP
, , O
'' '' O
noted VBD B-VP
Simon NNP B-NP
Briscoe NNP I-NP
, , O
U.K. NNP B-NP
economist NN I-NP
for IN B-PP
Midland NNP B-NP
Montagu NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Midland NNP B-NP
Bank NNP I-NP
PLC NNP I-NP
. . O

Forecasts NNS B-NP
for IN B-PP
the DT B-NP
trade NN I-NP
figures NNS I-NP
range VBP B-VP
widely RB B-ADVP
, , O
but CC O
few JJ B-NP
economists NNS I-NP
expect VBP B-VP
the DT B-NP
data NNS I-NP
to TO B-VP
show VB I-VP
a DT B-NP
very RB I-NP
marked VBN I-NP
improvement NN I-NP
from IN B-PP
the DT O
# # O
2 CD O
billion CD O
-LRB- ( O
$ $ B-ADJP
3.2 CD O
billion CD O
-RRB- ) O
deficit NN B-NP
in IN B-PP
the DT B-NP
current JJ I-NP
account NN I-NP
reported VBD B-VP
for IN B-PP
August NNP B-NP
. . O

The DT B-NP
August NNP I-NP
deficit NN I-NP
and CC O
the DT B-NP
# # I-NP
2.2 CD I-NP
billion CD I-NP
gap NN I-NP
registered VBN B-VP
in IN B-PP
July NNP B-NP
are VBP B-VP
topped VBN I-VP
only RB B-ADVP
by IN B-PP
the DT B-NP
# # I-NP
2.3 CD I-NP
billion CD I-NP
deficit NN I-NP
of IN B-PP
October NNP B-NP
1988 CD I-NP
. . O

Sanjay NNP B-NP
Joshi NNP I-NP
, , O
European JJ B-NP
economist NN I-NP
at IN B-PP
Baring NNP B-NP
Brothers NNPS I-NP
& CC I-NP
Co. NNP I-NP
, , O
said VBD B-VP
there EX B-NP
is VBZ B-VP
no DT B-NP
sign NN I-NP
that IN B-SBAR
Britain NNP B-NP
's POS B-NP
manufacturing NN I-NP
industry NN I-NP
is VBZ B-VP
transforming VBG I-VP
itself PRP B-NP
to TO B-VP
boost VB I-VP
exports NNS B-NP
. . O

At IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
he PRP B-NP
remains VBZ B-VP
fairly RB B-ADJP
pessimistic JJ I-ADJP
about IN B-PP
the DT B-NP
outlook NN I-NP
for IN B-PP
imports NNS B-NP
, , O
given VBN B-PP
continued VBD B-NP
high JJ I-NP
consumer NN I-NP
and CC I-NP
capital NN I-NP
goods NNS I-NP
inflows NNS I-NP
. . O

He PRP B-NP
reckons VBZ B-VP
the DT B-NP
current JJ I-NP
account NN I-NP
deficit NN I-NP
will MD B-VP
narrow VB I-VP
to TO B-PP
only RB B-NP
# # I-NP
1.8 CD I-NP
billion CD I-NP
in IN B-PP
September NNP B-NP
. . O

However RB B-ADVP
, , O
Mr. NNP B-NP
Dillow NNP I-NP
said VBD B-VP
he PRP B-NP
believes VBZ B-VP
that IN B-SBAR
a DT B-NP
reduction NN I-NP
in IN B-PP
raw JJ B-NP
material NN I-NP
stockbuilding VBG I-NP
by IN B-PP
industry NN B-NP
could MD B-VP
lead VB I-VP
to TO B-PP
a DT B-NP
sharp JJ I-NP
drop NN I-NP
in IN B-PP
imports NNS B-NP
. . O

Combined VBN B-PP
with IN B-PP
at IN B-ADVP
least JJS I-ADVP
some DT B-NP
rebound NN I-NP
in IN B-PP
exports NNS B-NP
after IN B-PP
August NNP B-NP
's POS B-NP
unexpected JJ I-NP
decline NN I-NP
, , O
the DT B-NP
deficit NN I-NP
could MD B-VP
narrow VB I-VP
to TO B-PP
as RB B-NP
little JJ I-NP
as IN I-NP
# # I-NP
1.3 CD I-NP
billion CD I-NP
. . O

Mr. NNP B-NP
Briscoe NNP I-NP
, , O
who WP B-NP
also RB B-ADVP
forecasts VBZ B-VP
a DT B-NP
# # I-NP
1.3 CD I-NP
billion CD I-NP
current JJ I-NP
account NN I-NP
gap NN I-NP
, , O
warns VBZ B-VP
that IN B-SBAR
even RB B-SBAR
if IN I-SBAR
the DT B-NP
trade NN I-NP
figures NNS I-NP
are VBP B-VP
bullish JJ B-ADJP
for IN B-PP
sterling NN B-NP
, , O
the DT B-NP
currency NN I-NP
wo MD B-VP
n't RB I-VP
advance VB I-VP
much JJ B-NP
because IN B-SBAR
investors NNS B-NP
will MD B-VP
want VB I-VP
to TO I-VP
see VB I-VP
further JJ B-NP
evidence NN I-NP
of IN B-PP
the DT B-NP
turnaround NN I-NP
before IN B-PP
adjusting VBG B-VP
positions NNS B-NP
. . O

Nevertheless RB B-ADVP
, , O
he PRP B-NP
noted VBD B-VP
, , O
`` `` O
No DT B-NP
one PRP I-NP
will MD B-VP
want VB I-VP
to TO I-VP
go VB I-VP
into IN B-PP
the DT B-NP
trade NN I-NP
figures NNS I-NP
without IN B-PP
a DT B-NP
flat JJ I-NP
position NN I-NP
'' '' O
in IN B-PP
the DT B-NP
pound NN I-NP
. . O

Meanwhile RB B-ADVP
, , O
overall JJ B-NP
evidence NN I-NP
on IN B-PP
the DT B-NP
economy NN I-NP
remains VBZ B-VP
fairly RB B-ADJP
clouded VBN I-ADJP
. . O

In IN B-PP
his PRP$ B-NP
Mansion NNP I-NP
House NNP I-NP
speech NN I-NP
, , O
Mr. NNP B-NP
Lawson NNP I-NP
warned VBD B-VP
that IN B-SBAR
a DT B-NP
further JJ I-NP
slowdown NN I-NP
can MD B-VP
be VB I-VP
expected VBN I-VP
as IN B-SBAR
the DT B-NP
impact NN I-NP
of IN B-PP
the DT B-NP
last JJ I-NP
rise NN I-NP
in IN B-PP
interest NN B-NP
rates NNS I-NP
earlier RBR B-NP
this DT I-NP
month NN I-NP
takes VBZ B-VP
effect NN B-NP
. . O

U.K. JJ B-NP
base NN I-NP
rates NNS I-NP
are VBP B-VP
at IN B-PP
their PRP$ B-NP
highest JJS I-NP
level NN I-NP
in IN B-PP
eight CD B-NP
years NNS I-NP
. . O

But CC O
consumer NN B-NP
expenditure NN I-NP
data NNS I-NP
released VBD B-VP
Friday NNP B-NP
do VBP B-VP
n't RB I-VP
suggest VB I-VP
that IN B-SBAR
the DT B-NP
U.K. NNP I-NP
economy NN I-NP
is VBZ B-VP
slowing VBG I-VP
that DT B-ADVP
quickly RB I-ADVP
. . O

The DT B-NP
figures NNS I-NP
show VBP B-VP
that DT O
spending NN B-NP
rose VBD B-VP
0.1 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
from IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
and CC O
was VBD B-VP
up IN B-ADVP
3.8 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

This DT B-NP
compares VBZ B-VP
with IN B-PP
a DT B-NP
1.6 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
the DT B-NP
second NN I-NP
from IN B-PP
the DT B-NP
first JJ I-NP
quarter NN I-NP
and CC O
a DT B-NP
5.4 CD I-NP
% NN I-NP
increase NN I-NP
from IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
of IN B-PP
1988 CD B-NP
. . O

Mr. NNP B-NP
Dillow NNP I-NP
said VBD B-VP
the DT B-NP
data NNS I-NP
show VBP B-VP
the DT B-NP
economy NN I-NP
`` `` O
is VBZ B-VP
still RB B-ADVP
quite RB B-ADJP
strong JJ I-ADJP
, , O
'' '' O
but CC O
suggestions NNS B-NP
that IN B-SBAR
much NN B-NP
of IN B-PP
the DT B-NP
spending NN I-NP
went VBD B-VP
on IN B-PP
services NNS B-NP
rather RB B-PP
than IN I-PP
consumer NN B-NP
goods NNS I-NP
should MD B-VP
reduce VB I-VP
fears NNS B-NP
of IN B-PP
more JJR B-NP
import NN I-NP
rises NNS I-NP
. . O

Certainly RB B-ADVP
, , O
the DT B-NP
chancellor NN I-NP
has VBZ B-VP
made VBN I-VP
it PRP B-NP
clear JJ B-ADJP
that IN B-SBAR
he PRP B-NP
is VBZ B-VP
prepared VBN I-VP
to TO I-VP
increase VB I-VP
interest NN B-NP
rates NNS I-NP
again RB B-ADVP
if IN B-SBAR
necessary JJ B-ADJP
to TO B-VP
both DT I-VP
ensure VB I-VP
that IN B-SBAR
a DT B-NP
substantial JJ I-NP
slowdown NN I-NP
does VBZ B-VP
take VB I-VP
place NN B-NP
and CC O
that DT O
sterling NN B-NP
does VBZ B-VP
n't RB I-VP
decline VB I-VP
further JJ B-ADVP
. . O

Thursday NNP B-NP
, , O
he PRP B-NP
reminded VBD B-VP
his PRP$ B-NP
audience NN I-NP
that IN B-SBAR
the DT B-NP
government NN I-NP
`` `` O
can MD B-VP
not RB I-VP
allow VB I-VP
the DT B-NP
necessary JJ I-NP
rigor NN I-NP
of IN B-PP
monetary JJ B-NP
policy NN I-NP
to TO B-VP
be VB I-VP
undermined VBN I-VP
by IN B-PP
exchange NN B-NP
rate NN I-NP
weakness NN I-NP
. . O
'' '' O

Analysts NNS B-NP
agree VBP B-VP
there EX B-NP
is VBZ B-VP
little JJ B-NP
holding NN B-VP
sterling NN B-NP
firm NN B-ADJP
at IN B-PP
the DT B-NP
moment NN I-NP
other JJ B-ADJP
than IN B-PP
Mr. NNP B-NP
Lawson NNP I-NP
's POS B-NP
promise NN I-NP
that IN B-SBAR
rates NNS B-NP
will MD B-VP
be VB I-VP
pushed VBN I-VP
higher JJR B-ADJP
if IN B-SBAR
necessary JJ B-ADJP
. . O

And CC O
, , O
they PRP B-NP
warn VBP B-VP
, , O
any DT B-NP
further JJ I-NP
drop NN I-NP
in IN B-PP
the DT B-NP
government NN I-NP
's POS B-NP
popularity NN I-NP
could MD B-VP
swiftly RB I-VP
make VB I-VP
this DT B-NP
promise NN I-NP
sound NN B-VP
hollow JJ B-ADJP
. . O

Sterling NNP B-NP
was VBD B-VP
already RB I-VP
showing VBG I-VP
some DT B-NP
signs NNS I-NP
of IN B-PP
a DT B-NP
lack NN I-NP
of IN B-PP
confidence NN B-NP
in IN B-PP
Mr. NNP B-NP
Lawson NNP I-NP
's POS B-NP
promise NN I-NP
Friday NNP B-NP
. . O

In IN B-PP
European JJ B-NP
trading NN I-NP
it PRP B-NP
declined VBD B-VP
to TO B-PP
$ $ B-NP
1.5890 CD I-NP
and CC O
2.9495 CD B-NP
marks NNS I-NP
from IN B-PP
$ $ B-NP
1.5940 CD I-NP
and CC O
2.9429 CD B-NP
marks NNS I-NP
late JJ B-NP
Thursday NNP I-NP
. . O

Economists NNS B-NP
suggested VBD B-VP
that IN B-SBAR
if IN B-SBAR
the DT B-NP
pound NN I-NP
falls VBZ B-VP
much JJ B-NP
below IN B-PP
2.90 CD B-NP
marks NNS I-NP
, , O
the DT B-NP
government NN I-NP
will MD B-VP
be VB I-VP
forced VBN I-VP
to TO I-VP
increase VB I-VP
rates NNS B-NP
to TO B-PP
16 CD B-NP
% NN I-NP
, , O
both DT B-VP
to TO I-VP
halt VB B-VP
any DT B-NP
further JJ I-NP
decline NN I-NP
and CC O
ensure VB B-VP
that IN B-SBAR
the DT B-NP
balance NN I-NP
of IN B-PP
monetary JJ B-NP
policy NN I-NP
remains VBZ B-VP
unchanged JJ B-ADJP
. . O

Friday NNP B-NP
's POS B-NP
Market NNP I-NP
Activity NN I-NP

The DT B-NP
dollar NN I-NP
posted VBD B-VP
gains NNS B-NP
in IN B-PP
quiet JJ B-NP
trading NN I-NP
as IN B-SBAR
concerns NNS B-NP
about IN B-PP
equities NNS B-NP
abated VBN B-VP
. . O

Foreign JJ B-NP
exchange NN I-NP
dealers NNS I-NP
said VBD B-VP
that IN B-SBAR
the DT B-NP
currency NN I-NP
market NN I-NP
has VBZ B-VP
begun VBN I-VP
to TO I-VP
distance VB I-VP
itself PRP B-NP
from IN B-PP
the DT B-NP
volatile JJ I-NP
stock NN I-NP
exchange NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
preoccupied VBN I-VP
the DT B-NP
market NN I-NP
since IN B-PP
Oct. NNP B-NP
13 CD I-NP
, , O
when WRB B-ADVP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
plunged VBD B-VP
more JJR B-NP
than IN I-NP
190 CD I-NP
points NNS I-NP
. . O

Currency NN B-NP
analysts NNS I-NP
predict VBP B-VP
that IN B-SBAR
in IN B-PP
the DT B-NP
coming VBG I-NP
week NN I-NP
the DT B-NP
foreign JJ I-NP
exchange NN I-NP
market NN I-NP
will MD B-VP
shift VB I-VP
its PRP$ B-NP
focus NN I-NP
back RB B-ADVP
to TO B-PP
economic JJ B-NP
fundamentals NNS I-NP
, , O
keeping VBG B-VP
a DT B-NP
close NN I-NP
eye NN I-NP
out IN B-ADVP
for IN B-PP
any DT B-NP
signs NNS I-NP
of IN B-PP
monetary JJ B-NP
easing NN I-NP
by IN B-PP
U.S. NNP B-NP
Federal NNP I-NP
Reserve NNP I-NP
. . O

Late RB B-ADVP
in IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
trading NN I-NP
day NN I-NP
, , O
the DT B-NP
dollar NN I-NP
was VBD B-VP
quoted VBN I-VP
at IN B-PP
1.8578 CD B-NP
marks NNS I-NP
, , O
up IN B-ADVP
from IN B-PP
1.8470 CD B-NP
marks NNS I-NP
late JJ B-NP
Thursday NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

The DT B-NP
U.S. NNP I-NP
currency NN I-NP
was VBD B-VP
also RB I-VP
changing VBG I-VP
hands NNS B-NP
at IN B-PP
142.43 CD B-NP
yen NN I-NP
, , O
up IN B-ADVP
from IN B-PP
141.70 CD B-NP
yen NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
late JJ B-NP
Thursday NNP I-NP
. . O

In IN B-PP
Tokyo NNP B-NP
on IN B-PP
Monday NNP B-NP
, , O
the DT B-NP
U.S. NNP I-NP
currency NN I-NP
opened VBD B-VP
for IN B-PP
trading NN B-NP
at IN B-PP
141.95 CD B-NP
yen NN I-NP
, , O
up IN B-ADVP
from IN B-PP
Friday NNP B-NP
's POS B-NP
Tokyo NNP I-NP
close NN I-NP
of IN B-PP
141.35 CD B-NP
yen NN I-NP
. . O

On IN B-PP
the DT B-NP
Commodity NNP I-NP
Exchange NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
gold NN B-NP
for IN B-PP
current JJ B-NP
delivery NN I-NP
settled VBD B-VP
at IN B-PP
$ $ B-NP
367.30 CD I-NP
an DT B-NP
ounce NN I-NP
, , O
up IN B-ADVP
20 CD B-NP
cents NNS I-NP
. . O

Estimated VBN B-NP
volume NN I-NP
was VBD B-VP
a DT B-NP
light NN I-NP
2.4 CD I-NP
million CD I-NP
ounces NNS I-NP
. . O

In IN B-PP
early JJ B-NP
trading NN I-NP
in IN B-PP
Hong NNP B-NP
Kong NNP I-NP
Monday NNP B-NP
, , O
gold NN B-NP
was VBD B-VP
quoted VBN I-VP
at IN B-PP
$ $ B-NP
366.50 CD I-NP
an DT B-NP
ounce NN I-NP
. . O

East NNP B-NP
Rock NNP I-NP
Partners NNP I-NP
Limited NNP I-NP
Partnership NNP I-NP
said VBD B-VP
it PRP B-NP
proposed VBD B-VP
to TO I-VP
acquire VB I-VP
A.P. NNP B-NP
Green NNP I-NP
Industries NNP I-NP
Inc. NNP I-NP
for IN B-PP
$ $ B-NP
40 CD I-NP
a DT B-NP
share NN I-NP
. . O

In IN B-PP
an DT B-NP
Oct. NNP I-NP
19 CD I-NP
letter NN I-NP
to TO B-PP
A.P. NNP B-NP
Green NNP I-NP
's POS B-NP
board NN I-NP
, , O
East NNP B-NP
Rock NNP I-NP
said VBD B-VP
the DT B-NP
offer NN I-NP
is VBZ B-VP
subject NN B-ADJP
to TO B-PP
the DT B-NP
signing NN I-NP
of IN B-PP
a DT B-NP
merger NN I-NP
agreement NN I-NP
by IN B-PP
no DT B-ADVP
later RB I-ADVP
than IN B-PP
Oct. NNP B-NP
31 CD I-NP
. . O

The DT B-NP
letter NN I-NP
, , O
attached VBN B-VP
to TO B-PP
a DT B-NP
filing NN I-NP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
, , O
said VBD B-VP
the DT B-NP
approval NN I-NP
is VBZ B-VP
also RB B-ADVP
contingent JJ B-ADJP
upon IN B-PP
obtaining VBG B-VP
satisfactory JJ B-NP
financing NN I-NP
. . O

An DT B-NP
A.P. NNP I-NP
Green NNP I-NP
official NN I-NP
declined VBD B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
the DT B-NP
filing NN I-NP
. . O

The DT B-NP
$ $ I-NP
40-a-share JJ I-NP
proposal NN I-NP
values VBZ B-VP
the DT B-NP
company NN I-NP
at IN B-PP
about RB B-NP
$ $ I-NP
106.6 CD I-NP
million CD I-NP
. . O

A.P. NNP B-NP
Green NNP I-NP
currently RB B-ADVP
has VBZ B-VP
2,664,098 CD B-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

Its PRP$ B-NP
stock NN I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
38 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.875 CD I-NP
, , O
in IN B-PP
national JJ B-NP
over-the-counter JJ I-NP
trading NN I-NP
. . O

The DT B-NP
company NN I-NP
is VBZ B-VP
a DT B-NP
Mexico NNP I-NP
, , I-NP
Mo. NNP I-NP
, , I-NP
maker NN I-NP
of IN B-PP
refractory JJ B-NP
products NNS I-NP
. . O

East NNP B-NP
Rock NNP I-NP
also RB B-ADVP
said VBD B-VP
in IN B-PP
the DT B-NP
filing NN I-NP
that IN B-SBAR
it PRP B-NP
boosted VBD B-VP
its PRP$ B-NP
stake NN I-NP
in IN B-PP
A.P. NNP B-NP
Green NNP I-NP
to TO B-PP
8.7 CD B-NP
% NN I-NP
. . O

It PRP B-NP
now RB B-ADVP
holds VBZ B-VP
233,000 CD B-NP
A.P. NNP I-NP
Green NNP I-NP
common JJ I-NP
shares NNS I-NP
, , O
including VBG B-PP
30,000 CD B-NP
shares NNS I-NP
bought VBD B-VP
last JJ B-NP
Thursday NNP I-NP
for IN B-PP
$ $ B-NP
35.50 CD I-NP
to TO I-NP
$ $ I-NP
36.50 CD I-NP
a DT B-NP
share NN I-NP
. . O

New NNP B-NP
York-based JJ I-NP
John NNP I-NP
Kuhns NNP I-NP
and CC I-NP
Robert NNP I-NP
MacDonald NNP I-NP
control NN B-VP
East NNP B-NP
Rock NNP I-NP
Partners NNP I-NP
Inc. NNP I-NP
, , O
the DT B-NP
sole JJ I-NP
general JJ I-NP
partner NN I-NP
of IN B-PP
East NNP B-NP
Rock NNP I-NP
Partners NNP I-NP
L.P NNP I-NP
. . O

The DT B-NP
sole JJ I-NP
limited JJ I-NP
partner NN I-NP
of IN B-PP
the DT B-NP
partnership NN I-NP
is VBZ B-VP
Westwood NNP B-NP
Brick NNP I-NP
Lime NNP I-NP
Inc. NNP I-NP
, , O
an DT B-NP
indirect JJ I-NP
subsidiary NN I-NP
of IN B-PP
Westwood NNP B-NP
Group NNP I-NP
Inc NNP I-NP
. . O

Both DT B-NP
Westwood NNP B-NP
Brick NNP I-NP
and CC O
Westwood NNP B-NP
Group NNP I-NP
are VBP B-VP
based VBN I-VP
in IN B-PP
Boston NNP B-NP
. . O

Freight NN B-NP
rates NNS I-NP
, , O
declining VBG B-VP
for IN B-PP
most RBS B-NP
of IN B-PP
the DT B-NP
decade NN I-NP
because IN B-PP
of IN I-PP
competition NN B-NP
spurred VBN B-VP
by IN B-PP
deregulation NN B-NP
, , O
are VBP B-VP
bottoming VBG I-VP
out IN B-PRT
, , O
turning VBG B-VP
upward RB B-ADVP
and CC O
threatening VBG B-VP
to TO I-VP
fuel VB I-VP
inflation NN B-NP
. . O

Trucking NNP B-NP
, , I-NP
shipping VBG I-NP
and CC I-NP
air-freight NN I-NP
companies NNS I-NP
have VBP B-VP
announced VBN I-VP
rate NN B-NP
increases NNS I-NP
, , O
scheduled VBN B-VP
for IN B-PP
this DT B-NP
fall NN I-NP
or CC O
early JJ B-NP
next JJ I-NP
year NN I-NP
, , O
reflecting VBG B-VP
higher JJR B-NP
costs NNS I-NP
and CC O
tightened VBD B-NP
demand NN I-NP
for IN B-PP
freight NN B-NP
transport NN I-NP
. . O

Major JJ B-NP
shippers NNS I-NP
say VBP B-VP
they PRP B-NP
expect VBP B-VP
freight NN B-NP
rates NNS I-NP
to TO B-VP
rise VB I-VP
at IN B-ADVP
least JJS I-ADVP
as RB B-ADVP
fast RB I-ADVP
as IN B-PP
inflation NN B-NP
and CC B-ADVP
maybe RB I-ADVP
faster RBR B-ADVP
in IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
years NNS I-NP
. . O

That DT B-NP
's VBZ B-VP
a DT B-NP
big JJ I-NP
change NN I-NP
from IN B-PP
recent JJ B-NP
years NNS I-NP
when WRB B-ADVP
freight NN B-NP
haulage NN I-NP
was VBD B-VP
a DT B-NP
bright JJ I-NP
spot NN I-NP
for IN B-PP
U.S. NNP B-NP
productivity NN I-NP
, , O
helping VBG B-VP
to TO I-VP
restrain VB I-VP
inflation NN B-NP
and CC O
make VB B-VP
U.S. NNP B-NP
industry NN I-NP
more RBR B-ADJP
competitive JJ I-ADJP
abroad RB B-ADVP
. . O

`` `` O
Demand NN B-NP
has VBZ B-VP
caught VBN I-VP
up IN B-PRT
with IN B-PP
the DT B-NP
supply NN I-NP
of IN B-PP
certain JJ B-NP
types NNS I-NP
of IN B-PP
freight NN B-NP
transportation NN I-NP
, , O
and CC O
rates NNS B-NP
are VBP B-VP
starting VBG I-VP
to TO I-VP
move VB I-VP
up IN B-ADVP
'' '' O
at IN B-PP
a DT B-NP
rate NN I-NP
`` `` O
close RB B-ADJP
to TO B-PP
or CC O
slightly RB B-ADJP
more JJR I-ADJP
than IN B-PP
the DT B-NP
inflation NN I-NP
rate NN I-NP
, , O
'' '' O
said VBD B-VP
Clifford NNP B-NP
Sayre NNP I-NP
, , O
director NN B-NP
of IN B-PP
logistics NNS B-NP
at IN B-PP
Du NNP B-NP
Pont NNP I-NP
Co NNP I-NP
. . O

Shippers NNS B-NP
surveyed VBN B-VP
recently RB B-ADVP
by IN B-PP
Ohio NNP B-NP
State NNP I-NP
University NNP I-NP
said VBD B-VP
they PRP B-NP
expect VBP B-VP
their PRP$ B-NP
freight-transport JJ I-NP
, , I-NP
storage NN I-NP
and CC I-NP
distribution NN I-NP
costs NNS I-NP
to TO B-VP
rise VB I-VP
about IN B-NP
4 CD I-NP
% NN I-NP
this DT B-NP
year NN I-NP
. . O

Only RB B-NP
10 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
250 CD I-NP
shippers NNS I-NP
polled VBN B-VP
expected VBN B-VP
their PRP$ B-NP
freight-transport JJ I-NP
costs NNS I-NP
to TO B-VP
decrease VB I-VP
, , O
compared VBN B-PP
with IN B-PP
30 CD B-NP
% NN I-NP
who WP B-NP
had VBD B-VP
looked VBN I-VP
to TO B-PP
freight VB B-NP
transport NN I-NP
to TO B-VP
reduce VB I-VP
costs NNS B-NP
in IN B-PP
past JJ B-NP
years NNS I-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
the DT B-NP
first JJ I-NP
year NN I-NP
since IN B-PP
transportation NN B-NP
deregulation NN I-NP
in IN B-PP
1980 CD B-NP
that IN B-ADVP
we PRP B-NP
have VBP B-VP
had VBN I-VP
such JJ B-NP
a DT I-NP
dramatic JJ I-NP
and CC I-NP
broad-based JJ I-NP
upturn NN I-NP
in IN B-PP
perceived VBN B-NP
transportation NN I-NP
rates NNS I-NP
, , O
'' '' O
said VBD B-VP
Bernard NNP B-NP
LaLonde NNP I-NP
, , O
a DT B-NP
transportation NN I-NP
logistics NNS I-NP
professor NN I-NP
at IN B-PP
Ohio NNP B-NP
State NNP I-NP
in IN B-PP
Columbus NNP B-NP
. . O

The DT B-NP
deregulation NN I-NP
of IN B-PP
railroads NNS B-NP
and CC I-NP
trucking NN I-NP
companies NNS I-NP
that WDT B-NP
began VBD B-VP
in IN B-PP
1980 CD B-NP
enabled VBD B-VP
shippers NNS B-NP
to TO B-VP
bargain VB I-VP
for IN B-PP
transportation NN B-NP
. . O

Carriers NNP B-NP
could MD B-VP
use VB I-VP
their PRP$ B-NP
equipment NN I-NP
more RBR B-ADVP
efficiently RB I-ADVP
, , O
leading VBG B-VP
to TO B-PP
overcapacity NN B-NP
they PRP B-NP
were VBD B-VP
eager JJ B-ADJP
to TO B-VP
fill VB I-VP
. . O

Shippers NNS B-NP
cut VBP B-VP
about RB B-NP
$ $ I-NP
35 CD I-NP
billion CD I-NP
from IN B-PP
their PRP$ B-NP
annual JJ I-NP
, , I-NP
inter-city JJ I-NP
truck NN I-NP
and CC I-NP
rail NN I-NP
costs NNS I-NP
, , O
to TO B-PP
about RB B-NP
$ $ I-NP
150 CD I-NP
billion CD I-NP
, , O
or CC O
about IN B-NP
6.4 CD I-NP
% NN I-NP
of IN B-PP
gross JJ B-NP
national JJ I-NP
product NN I-NP
, , O
down RB B-ADVP
from IN B-PP
8 CD B-NP
% NN I-NP
of IN B-PP
GNP NNP B-NP
in IN B-PP
1981 CD B-NP
. . O

But CC O
with IN B-PP
much NN B-NP
of IN B-PP
the DT B-NP
inefficiency NN I-NP
squeezed VBN B-VP
out IN B-PP
of IN B-PP
the DT B-NP
freight-transport JJ I-NP
system NN I-NP
, , O
rising VBG B-NP
costs NNS I-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
reflected VBN I-VP
directly RB B-ADVP
in IN B-PP
higher JJR B-NP
freight NN I-NP
rates NNS I-NP
. . O

`` `` O
Shippers NNS B-NP
are VBP B-VP
saying VBG I-VP
` `` O
the DT B-NP
party NN I-NP
's POS B-VP
over IN B-ADJP
, , O
' '' O
'' '' O
said VBD B-VP
Mr. NNP B-NP
LaLonde NNP I-NP
. . O

`` `` O
Shippers NNS B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
look VB I-VP
for IN B-PP
transportation-cost JJ B-NP
savings NNS I-NP
as IN B-SBAR
they PRP B-NP
have VBP B-VP
for IN B-PP
the DT B-NP
last JJ I-NP
eight CD I-NP
or CC I-NP
nine CD I-NP
years NNS I-NP
. . O

Transport NN B-NP
rates NNS I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
an DT B-NP
opportunity NN I-NP
for IN B-PP
offsetting VBG B-VP
cost NN B-NP
increases NNS I-NP
in IN B-PP
other JJ B-NP
segments NNS I-NP
of IN B-PP
the DT B-NP
economy NN I-NP
. . O
'' '' O

Robert NNP B-NP
Delaney NNP I-NP
, , O
a DT B-NP
consultant NN I-NP
at IN B-PP
Arthur NNP B-NP
D. NNP I-NP
Little NNP I-NP
Inc. NNP I-NP
, , O
Cambridge NNP B-NP
, , O
Mass. NNP B-NP
, , O
said VBD B-VP
`` `` O
We PRP B-NP
've VBP B-VP
gotten VBN I-VP
all PDT B-NP
the DT I-NP
benefits NNS I-NP
of IN B-PP
deregulation NN B-NP
in IN B-PP
freight-cost JJ B-NP
reductions NNS I-NP
. . O

Now RB B-ADVP
we PRP B-NP
are VBP B-VP
starting VBG I-VP
to TO I-VP
see VB I-VP
real JJ B-NP
freight-rate JJ I-NP
increases NNS I-NP
as IN B-SBAR
carriers NNS B-NP
replace VBP B-VP
equipment NN B-NP
, , O
pay VB B-VP
higher JJR B-NP
fuel NN I-NP
costs NNS I-NP
and CC O
pay VB B-VP
more JJR B-NP
for IN B-PP
labor NN B-NP
. . O

You PRP B-NP
'll MD B-VP
see VB I-VP
carriers NNS B-NP
try VB B-VP
to TO I-VP
recoup VB I-VP
some DT B-NP
of IN B-PP
the DT B-NP
price NN I-NP
cutting VBG I-NP
that WDT B-NP
occurred VBD B-VP
previously RB B-ADVP
. . O
'' '' O

Not RB B-NP
everyone NN I-NP
believes VBZ B-VP
that IN B-SBAR
the DT B-NP
good JJ I-NP
times NNS I-NP
are VBP B-VP
over IN B-ADJP
for IN B-PP
shippers NNS B-NP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
still RB B-ADVP
a DT B-NP
lot NN I-NP
of IN B-PP
pressure NN B-NP
on IN B-PP
rates NNS B-NP
in IN B-PP
both DT B-NP
rail NN I-NP
and CC I-NP
truck NN I-NP
, , O
'' '' O
said VBD B-VP
Gerard NNP B-NP
McCullough NNP I-NP
, , O
lecturer NN B-NP
in IN B-PP
transportation NN B-NP
at IN B-PP
Massachusetts NNP B-NP
Institute NNP I-NP
of IN B-PP
Technology NNP B-NP
. . O

Less-than-truckload JJ B-NP
companies NNS I-NP
, , O
which WDT B-NP
carry VBP B-VP
the DT B-NP
freight NN I-NP
of IN B-PP
several JJ B-NP
shippers NNS I-NP
in IN B-PP
each DT B-NP
truck NN I-NP
trailer NN I-NP
, , O
discounted VBD B-VP
away RB B-ADVP
a DT B-NP
4.7 CD I-NP
% NN I-NP
rate NN I-NP
increase NN I-NP
implemented VBD B-VP
last JJ B-NP
April NNP I-NP
. . O

The DT B-NP
carriers NNS I-NP
were VBD B-VP
competing VBG I-VP
fiercely RB B-ADVP
for IN B-PP
market NN B-NP
share NN I-NP
. . O

Railroad-rate JJ B-NP
increases NNS I-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
restrained VBN I-VP
by IN B-PP
weakening VBG B-NP
rail-traffic JJ I-NP
levels NNS I-NP
and CC O
keen JJ B-NP
competition NN I-NP
for IN B-PP
freight NN B-NP
from IN B-PP
trucks NNS B-NP
. . O

An DT B-NP
official NN I-NP
at IN B-PP
Consolidated NNP B-NP
Freightways NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
Menlo NNP I-NP
Park NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
less-than-truckload JJ I-NP
carrier NN I-NP
, , O
said VBD B-VP
rate NN B-NP
discounting NN I-NP
in IN B-PP
that DT B-NP
industry NN I-NP
has VBZ B-VP
begun VBN I-VP
to TO I-VP
`` `` O
stabilize VB B-VP
. . O
'' '' O

Consolidated NNP B-NP
Freightways NNP I-NP
plans VBZ B-VP
to TO I-VP
raise VB I-VP
its PRP$ B-NP
rates NNS I-NP
5.3 CD B-NP
% NN I-NP
late JJ B-NP
this DT I-NP
year NN I-NP
or CC O
early JJ B-NP
next JJ I-NP
year NN I-NP
, , O
and CC O
at IN B-NP
least JJS I-NP
two CD I-NP
competitors NNS I-NP
have VBP B-VP
announced VBN I-VP
similar JJ B-NP
increases NNS I-NP
. . O

Truckers NNS B-NP
are VBP B-VP
`` `` O
trying VBG B-VP
to TO I-VP
send VB I-VP
signals NNS B-NP
that IN B-SBAR
they PRP B-NP
need VBP B-VP
to TO I-VP
stop VB I-VP
the DT B-NP
bloodletting NN I-NP
, , O
forget VB B-VP
about IN B-PP
market NN B-NP
share NN I-NP
and CC O
go VB B-VP
for IN B-PP
higher JJR B-NP
rates NNS I-NP
, , O
'' '' O
said VBD B-VP
Michael NNP B-NP
Lloyd NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
Salomon NNP B-NP
Bros NNP I-NP
. . O

And CC O
`` `` O
shippers NNS B-NP
are VBP B-VP
getting VBG I-VP
the DT B-NP
feeling NN I-NP
that IN B-SBAR
they PRP B-NP
have VBP B-VP
played VBN I-VP
one CD B-NP
trucker NN I-NP
off IN B-ADVP
against IN B-PP
another DT B-NP
as RB B-NP
much JJ I-NP
as IN B-SBAR
they PRP B-NP
can MD B-VP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Air-freight NN B-NP
carriers NNS I-NP
raised VBD B-VP
their PRP$ B-NP
rates NNS I-NP
for IN B-PP
U.S. NNP B-NP
products NNS I-NP
going VBG B-VP
across IN B-PP
the DT B-NP
Pacific NNP I-NP
to TO B-PP
Asia NNP B-NP
by IN B-PP
about IN B-NP
20 CD I-NP
% NN I-NP
earlier RBR B-NP
this DT I-NP
month NN I-NP
. . O

And CC O
Japan NNP B-NP
Air NNP I-NP
Lines NNPS I-NP
said VBD B-VP
it PRP B-NP
plans VBZ B-VP
to TO I-VP
boost VB I-VP
its PRP$ B-NP
rates NNS I-NP
a DT B-NP
further JJ I-NP
25 CD I-NP
% NN I-NP
over IN B-PP
the DT B-NP
next JJ I-NP
two CD I-NP
years NNS I-NP
. . O

Such JJ B-NP
rate NN I-NP
increases NNS I-NP
`` `` O
will MD B-VP
increase VB I-VP
the DT B-NP
total JJ I-NP
cost NN I-NP
of IN B-PP
U.S. NNP B-NP
products NNS I-NP
and CC O
slow JJ B-VP
down RP B-PRT
the DT B-NP
rate NN I-NP
of IN B-PP
increase NN B-NP
of IN B-PP
U.S. NNP B-NP
exports NNS I-NP
, , O
'' '' O
said VBD B-VP
Richard NNP B-NP
Connors NNP I-NP
, , O
a DT B-NP
senior JJ I-NP
vice NN I-NP
president NN I-NP
of IN B-PP
Yusen NNP B-NP
Air NNP I-NP
& CC I-NP
Sea NNP I-NP
Service NNP I-NP
U.S.A. NNP I-NP
Inc. NNP I-NP
, , O
the DT B-NP
U.S. NNP I-NP
air-freight-forwarding JJ I-NP
subsidiary NN I-NP
of IN B-PP
Nippon NNP B-NP
Yusen NNP I-NP
Kaisha NNP I-NP
of IN B-PP
Japan NNP B-NP
. . O

Ship NN B-NP
companies NNS I-NP
carrying VBG B-VP
bulk NN B-NP
commodities NNS I-NP
, , O
such JJ B-PP
as IN I-PP
oil NN B-NP
, , O
grain NN B-NP
, , O
coal NN B-NP
and CC O
iron NN B-NP
ore NN I-NP
, , O
have VBP B-VP
been VBN I-VP
able JJ B-ADJP
to TO B-VP
increase VB I-VP
their PRP$ B-NP
rates NNS I-NP
in IN B-PP
the DT B-NP
last JJ I-NP
couple NN I-NP
of IN B-PP
years NNS B-NP
. . O

Some DT B-NP
bulk NN I-NP
shipping VBG I-NP
rates NNS I-NP
have VBP B-VP
increased VBN I-VP
`` `` O
3 CD B-NP
% NN I-NP
to TO I-NP
4 CD I-NP
% NN I-NP
in IN B-PP
the DT B-NP
past JJ I-NP
few JJ I-NP
months NNS I-NP
, , O
'' '' O
said VBD B-VP
Salomon NNP B-NP
's POS B-NP
Mr. NNP I-NP
Lloyd NNP I-NP
. . O

And CC O
ship NN B-NP
lines NNS I-NP
carrying VBG B-VP
containers NNS B-NP
are VBP B-VP
also RB I-VP
trying VBG I-VP
to TO I-VP
raise VB I-VP
their PRP$ B-NP
rates NNS I-NP
. . O

Carriers NNP B-NP
boosted VBD B-VP
rates NNS B-NP
more JJR B-NP
than IN I-NP
10 CD I-NP
% NN I-NP
in IN B-PP
the DT B-NP
North NNP I-NP
Atlantic NNP I-NP
between IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC O
Europe NNP B-NP
last JJ B-NP
September NNP I-NP
, , O
hoping VBG B-VP
to TO I-VP
partly RB I-VP
restore VB I-VP
rates NNS B-NP
to TO B-PP
earlier JJR B-NP
levels NNS I-NP
. . O

Ship NN B-NP
lines NNS I-NP
operating VBG B-VP
in IN B-PP
the DT B-NP
Pacific NNP I-NP
plan NN B-VP
to TO I-VP
raise VB I-VP
rates NNS B-NP
on IN B-PP
containers NNS B-NP
carrying VBG B-VP
U.S. NNP B-NP
exports NNS I-NP
to TO B-PP
Asia NNP B-NP
about IN B-NP
10 CD I-NP
% NN I-NP
, , O
effective JJ B-ADJP
next JJ B-NP
April NNP I-NP
. . O

MGM NNP B-NP
Grand NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
filed VBD B-VP
a DT B-NP
registration NN I-NP
statement NN I-NP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
for IN B-PP
a DT B-NP
public JJ I-NP
offering NN I-NP
of IN B-PP
six CD B-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
. . O

The DT B-NP
Beverly NNP I-NP
Hills NNP I-NP
, , I-NP
Calif.-based JJ I-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
have VB I-VP
26.9 CD B-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
outstanding JJ B-ADJP
after IN B-PP
the DT B-NP
offering NN I-NP
. . O

The DT B-NP
hotel NN I-NP
and CC I-NP
Gaming NNP I-NP
company NN I-NP
said VBD B-VP
Merrill NNP B-NP
Lynch NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
will MD B-VP
lead VB I-VP
the DT B-NP
underwriters NNS I-NP
. . O

Proceeds NNS B-NP
from IN B-PP
the DT B-NP
sale NN I-NP
will MD B-VP
be VB I-VP
used VBN I-VP
for IN B-PP
remodeling VBG B-NP
and CC I-NP
refurbishing VBG I-NP
projects NNS I-NP
, , B-PP
as RB I-PP
well RB I-PP
as IN I-PP
for IN B-PP
the DT B-NP
planned VBN I-NP
MGM NNP I-NP
Grand NNP I-NP
hotel\/casino NN I-NP
and CC I-NP
theme NN I-NP
park NN I-NP
. . O

Bob NNP B-NP
Stone NNP I-NP
stewed JJ B-VP
over IN B-PP
a DT B-NP
letter NN I-NP
from IN B-PP
his PRP$ B-NP
manager NN I-NP
putting VBG B-VP
him PRP B-NP
on IN B-PP
probation NN B-NP
for IN B-PP
insubordination NN B-NP
. . O

Mr. NNP B-NP
Stone NNP I-NP
thought VBD B-VP
the DT B-NP
discipline NN I-NP
was VBD B-VP
unfair JJ B-ADJP
; : O
he PRP B-NP
believed VBD B-VP
that IN B-SBAR
his PRP$ B-NP
manager NN I-NP
wanted VBD B-VP
to TO I-VP
get VB I-VP
rid JJ B-ADJP
of IN B-PP
him PRP B-NP
for IN B-PP
personal JJ B-NP
reasons NNS I-NP
. . O

Unable JJ B-ADJP
to TO B-VP
persuade VB I-VP
the DT B-NP
manager NN I-NP
to TO B-VP
change VB I-VP
his PRP$ B-NP
decision NN I-NP
, , O
he PRP B-NP
went VBD B-VP
to TO B-PP
a DT B-NP
`` `` I-NP
company NN I-NP
court NN I-NP
'' '' O
for IN B-PP
a DT B-NP
hearing NN I-NP
. . O

At IN B-PP
the DT B-NP
scheduled VBN I-NP
time NN I-NP
, , O
Mr. NNP B-NP
Stone NNP I-NP
entered VBD B-VP
a DT B-NP
conference NN I-NP
room NN I-NP
in IN B-PP
a DT B-NP
building NN I-NP
near IN B-PP
where WRB B-ADVP
he PRP B-NP
worked VBD B-VP
. . O

After IN B-SBAR
the DT B-NP
three CD I-NP
members NNS I-NP
of IN B-PP
the DT B-NP
court NN I-NP
introduced VBD B-VP
themselves PRP B-NP
, , O
the DT B-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
panel NN I-NP
said VBD B-VP
: : O
`` `` O
Go VB B-VP
ahead RB B-ADVP
and CC O
tell VB B-VP
us PRP B-NP
what WP B-NP
happened VBD B-VP
. . O

We PRP B-NP
may MD B-VP
ask VB I-VP
questions NNS B-NP
as IN B-SBAR
you PRP B-NP
go VBP B-VP
along IN B-PRT
, , O
or CC O
we PRP B-NP
may MD B-VP
wait VB I-VP
until IN B-PP
the DT B-NP
end NN I-NP
. . O
'' '' O

No DT B-NP
lawyers NNS I-NP
or CC I-NP
tape NN I-NP
recorders NNS I-NP
were VBD B-VP
present JJ B-ADJP
. . O

The DT B-NP
only RB I-NP
extra JJ I-NP
people NNS I-NP
were VBD B-VP
a DT B-NP
couple NN I-NP
of IN B-PP
personnel NNS B-NP
specialists NNS I-NP
, , O
one CD B-NP
of IN B-PP
whom WP B-NP
knew VBD B-VP
Mr. NNP B-NP
Stone NNP I-NP
's POS B-NP
case NN I-NP
intimately RB B-ADVP
and CC O
would MD B-VP
help VB I-VP
fill VB I-VP
in IN B-PRT
any DT B-NP
facts NNS I-NP
needed VBN B-VP
to TO B-VP
give VB I-VP
the DT B-NP
court NN I-NP
the DT B-NP
full JJ I-NP
picture NN I-NP
. . O

Over IN B-PP
a DT B-NP
cup NN I-NP
of IN B-PP
coffee NN B-NP
, , O
Mr. NNP B-NP
Stone NNP I-NP
told VBD B-VP
his PRP$ B-NP
story NN I-NP
. . O

He PRP B-NP
talked VBD B-VP
about IN B-NP
20 CD I-NP
minutes NNS I-NP
. . O

When WRB B-ADVP
he PRP B-NP
was VBD B-VP
through IN B-ADJP
, , O
the DT B-NP
court NN I-NP
members NNS I-NP
asked VBD B-VP
many JJ B-NP
questions NNS I-NP
, , O
then RB B-ADVP
the DT B-NP
chairman NN I-NP
said VBD B-VP
they PRP B-NP
would MD B-VP
like VB I-VP
to TO I-VP
hear VB I-VP
his PRP$ B-NP
manager NN I-NP
's POS B-NP
side NN I-NP
and CC O
talk VB B-VP
to TO B-PP
witnesses NNS B-NP
. . O

The DT B-NP
chairman NN I-NP
promised VBD B-VP
Mr. NNP B-NP
Stone NNP I-NP
a DT B-NP
decision NN I-NP
within IN B-PP
two CD B-NP
weeks NNS I-NP
. . O

Bob NNP B-NP
Stone NNP I-NP
is VBZ B-VP
a DT B-NP
fictional JJ I-NP
name NN I-NP
, , O
but CC O
the DT B-NP
incident NN I-NP
described VBN B-VP
is VBZ B-VP
real JJ B-ADJP
. . O

It PRP B-NP
happened VBD B-VP
at IN B-PP
Northrop NNP B-NP
Corp. NNP I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
. . O

The DT B-NP
court NN I-NP
is VBZ B-VP
called VBN I-VP
the DT B-NP
Management NNP I-NP
Appeals NNP I-NP
Committee NNP I-NP
, , O
or CC O
just RB B-NP
`` `` I-NP
MAC NNP I-NP
, , O
'' '' O
and CC O
it PRP B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
hear VB I-VP
a DT B-NP
couple NN I-NP
of IN I-NP
dozen NN I-NP
cases VBZ I-NP
a DT B-NP
year NN I-NP
. . O

Alter VB B-VP
some DT B-NP
details NNS I-NP
of IN B-PP
this DT B-NP
example NN I-NP
and CC O
it PRP B-NP
could MD B-VP
be VB I-VP
taking VBG I-VP
place NN B-NP
today NN B-ADVP
at IN B-PP
Federal NNP B-NP
Express NNP I-NP
in IN B-PP
Memphis NNP B-NP
, , O
the DT B-NP
Defense NNP I-NP
and CC I-NP
Underseas NNP I-NP
Systems NNP I-NP
divisions NNS I-NP
of IN B-PP
Honeywell NNP B-NP
in IN B-PP
Minneapolis NNP B-NP
, , O
a DT B-NP
General NNP I-NP
Electric NNP I-NP
plant NN I-NP
in IN B-PP
Columbia NNP B-NP
, , O
Md. NNP B-NP
, , O
or CC O
a DT B-NP
number NN I-NP
of IN B-PP
other JJ B-NP
companies NNS I-NP
. . O

These DT B-NP
firms NNS I-NP
are VBP B-VP
pioneers NNS B-NP
in IN B-PP
a DT B-NP
significant JJ I-NP
new JJ I-NP
trend NN I-NP
in IN B-PP
the DT B-NP
corporate JJ I-NP
world NN I-NP
: : O
the DT B-NP
rise NN I-NP
of IN B-PP
what WP B-NP
I PRP B-NP
call VBP B-VP
corporate JJ B-NP
due JJ I-NP
process NN I-NP
. . O

Although IN B-SBAR
corporate JJ B-NP
due JJ I-NP
process NN I-NP
is VBZ B-VP
practiced VBN I-VP
today NN B-NP
in IN B-PP
few JJ B-NP
companies NNS I-NP
-- : O
perhaps RB B-ADVP
40 CD B-NP
to TO I-NP
60 CD I-NP
-- : O
it PRP B-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
the DT B-NP
fastest JJS I-NP
developing VBG I-NP
trends NNS I-NP
in IN B-PP
industry NN B-NP
. . O

In IN B-PP
the DT B-NP
coming VBG I-NP
decade NN I-NP
a DT B-NP
majority NN I-NP
of IN B-PP
people-oriented JJ B-NP
companies NNS I-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
adopt VB I-VP
it PRP B-NP
. . O

Corporate JJ B-NP
due JJ I-NP
process NN I-NP
appeals NNS B-VP
to TO B-PP
management NN B-NP
for IN B-PP
a DT B-NP
variety NN I-NP
of IN B-PP
reasons NNS B-NP
. . O

It PRP B-NP
reduces VBZ B-VP
lawsuits NNS B-NP
from IN B-PP
disgruntled JJ B-NP
employees NNS I-NP
and CC I-NP
ex-employees NNS I-NP
, , O
with IN B-PP
all DT B-NP
that WDT B-NP
means VBZ B-VP
for IN B-PP
reduced VBN B-NP
legal JJ I-NP
costs NNS I-NP
and CC O
better RBR B-NP
public JJ I-NP
relations NNS I-NP
. . O

It PRP B-NP
helps VBZ B-VP
to TO I-VP
keep VB I-VP
out IN B-PRT
unions NNS B-NP
. . O

It PRP B-NP
increases VBZ B-VP
employee NN B-NP
commitment NN I-NP
to TO B-PP
the DT B-NP
company NN I-NP
, , O
with IN B-PP
all DT B-NP
that WDT B-NP
means VBZ B-VP
for IN B-PP
efficiency NN B-NP
and CC O
quality NN B-NP
control NN I-NP
. . O

What WP B-NP
must MD O
your PRP$ B-NP
management NN I-NP
team NN I-NP
do VBP B-VP
to TO B-VP
establish VB I-VP
corporate JJ B-NP
due JJ I-NP
process NN I-NP
? . O

Here RB B-ADVP
are VBP B-VP
four CD B-NP
key JJ I-NP
steps NNS I-NP
: : O

1 CD B-LST
. . O
Make VB B-VP
sure JJ B-ADJP
you PRP B-NP
have VBP B-VP
a DT B-NP
strong JJ I-NP
personnel NNS I-NP
department NN I-NP
. . O

It PRP B-NP
must MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
handle VB I-VP
most RBS B-NP
of IN B-PP
the DT B-NP
complaints NNS I-NP
that WDT B-NP
can MD B-VP
not RB I-VP
be VB I-VP
solved VBN I-VP
in IN B-PP
the DT B-NP
trenches NNS I-NP
by IN B-PP
managers NNS B-NP
and CC O
their PRP$ B-NP
subordinates NNS I-NP
, , O
else RB B-ADVP
the DT B-NP
company NN I-NP
court NN I-NP
or CC I-NP
adjudicators NNS I-NP
will MD B-VP
be VB B-VP
inundated VBN I-VP
with IN B-PP
cases NNS B-NP
. . O

At IN B-PP
Polaroid NNP B-NP
, , O
the DT B-NP
Personnel NNP I-NP
Policy NNP I-NP
Planning NNP I-NP
Committee NNP I-NP
may MD B-VP
hear VB I-VP
only RB B-NP
about IN I-NP
20 CD I-NP
cases VBZ I-NP
a DT B-NP
year NN I-NP
; : O
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
many JJ I-NP
hundreds NNS I-NP
of IN B-PP
complaints NNS B-NP
are VBP B-VP
resolved VBN I-VP
at IN B-PP
earlier JJR B-NP
stages NNS I-NP
. . O

At IN B-PP
TWA NNP B-NP
, , O
the DT B-NP
System NNP I-NP
Board NNP I-NP
of IN B-PP
Adjustment NNP B-NP
hears VBZ B-VP
50 CD B-NP
to TO I-NP
75 CD I-NP
cases VBZ I-NP
a DT B-NP
year NN I-NP
, , O
only RB B-NP
a DT I-NP
fraction NN I-NP
of IN B-PP
the DT B-NP
complaints NNS I-NP
brought VBN B-VP
to TO B-PP
personnel NNS B-NP
specialists NNS I-NP
. . O

At IN B-PP
Citicorp NNP B-NP
, , O
the DT B-NP
Problem NNP I-NP
Review NNP I-NP
Board NNP I-NP
may MD B-VP
hear VB I-VP
only RB B-NP
12 CD I-NP
or CC I-NP
so RB I-NP
cases VBZ I-NP
because IN B-PP
of IN I-PP
personnel NNS B-NP
's POS B-NP
skill NN I-NP
in IN B-PP
complaint-resolution NN B-NP
. . O

In IN B-PP
a DT B-NP
typical JJ I-NP
year NN I-NP
, , O
up IN B-NP
to TO I-NP
20 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
work NN I-NP
force NN I-NP
goes VBZ B-VP
to TO B-PP
personnel NNS B-NP
specialists NNS I-NP
with IN B-PP
complaints NNS B-NP
of IN B-PP
unfair JJ B-NP
treatment NN I-NP
. . O

In IN B-PP
a DT B-NP
large JJ I-NP
company NN I-NP
that WDT B-NP
means VBZ B-VP
many JJ B-NP
hundreds NNS I-NP
of IN B-PP
complaints NNS B-NP
for IN B-PP
personnel NNS B-NP
to TO B-VP
handle VB I-VP
. . O

2 CD B-LST
. . O
Formally RB B-ADVP
or CC I-ADVP
informally RB I-ADVP
, , O
train NN B-VP
all DT B-NP
your PRP$ I-NP
managers NNS I-NP
and CC I-NP
supervisors NNS I-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
due-process NN I-NP
approach NN I-NP
. . O

See VB B-VP
that IN B-SBAR
they PRP B-NP
know VBP B-VP
company NN B-NP
personnel NNS I-NP
policy NN I-NP
backwards RB B-ADVP
and CC I-ADVP
forwards RB I-ADVP
, , O
for IN O
it PRP B-NP
is VBZ B-VP
the DT B-NP
`` `` I-NP
law NN I-NP
'' '' O
governing VBG B-VP
company NN B-NP
courts NNS I-NP
and CC I-NP
adjudicators NNS I-NP
. . O

Coach NNP B-VP
them PRP B-NP
in IN B-PP
handling NN B-VP
complaints NNS B-NP
so RB B-SBAR
that IN I-SBAR
they PRP B-NP
can MD B-VP
resolve VB I-VP
problems NNS B-NP
immediately RB B-ADVP
. . O

In IN B-SBAR
case NN O
managers NNS B-NP
and CC O
personnel NNS B-NP
specialists NNS I-NP
are VBP B-VP
unsuccessful JJ B-ADJP
and CC O
subordinates NNS B-NP
take VBP B-VP
their PRP$ B-NP
complaints NNS I-NP
to TO B-PP
a DT B-NP
company NN I-NP
court NN I-NP
or CC I-NP
adjudicator NN I-NP
, , O
teach VB B-VP
managers NNS B-NP
to TO B-VP
accept VB I-VP
reversals NNS B-NP
as IN B-PP
a DT B-NP
fact NN I-NP
of IN B-PP
business NN B-NP
life NN I-NP
, , O
for IN O
in IN B-PP
a DT B-NP
good JJ I-NP
due-process NN I-NP
system NN I-NP
they PRP B-NP
are VBP B-VP
bound VBN I-VP
to TO I-VP
happen VB I-VP
. . O

In IN B-PP
the DT B-NP
15 CD I-NP
companies NNS I-NP
I PRP B-NP
studied VBD B-VP
, , O
reversal NN B-NP
rates NNS I-NP
range VBP B-VP
on IN B-PP
the DT B-NP
average NN I-NP
from IN B-PP
20 CD B-NP
% NN I-NP
to TO B-PP
40 CD B-NP
% NN I-NP
. . O

3 CD B-LST
. . O
Decide VB B-VP
whether IN O
you PRP B-NP
want VBP B-VP
a DT B-NP
panel NN I-NP
system NN I-NP
or CC O
a DT B-NP
single JJ I-NP
adjudicator NN I-NP
. . O

A DT B-NP
panel NN I-NP
system NN I-NP
like IN B-PP
that DT B-NP
in NN B-PP
the DT B-NP
Bob NNP I-NP
Stone NNP I-NP
example NN I-NP
enjoys VBZ B-VP
such JJ B-NP
advantages NNS I-NP
as IN B-PP
high JJ B-NP
credibility NN I-NP
and CC O
, , O
for IN B-PP
the DT B-NP
panelists NNS I-NP
, , O
mutual JJ B-NP
support NN I-NP
. . O

An DT B-NP
adjudicator NN I-NP
system NN I-NP
-- : O
that DT B-INTJ
is VBZ I-INTJ
, , O
an DT B-NP
investigator NN I-NP
who WP B-NP
acts VBZ B-VP
first JJ B-ADVP
as IN B-PP
a DT B-NP
fact-finder NN I-NP
and CC O
then RB O
switches VBZ B-VP
hats NNS B-NP
and CC O
arbitrates VBZ B-VP
the DT B-NP
facts NNS I-NP
-- : O
has VBZ B-VP
such JJ B-NP
advantages NNS I-NP
as IN B-PP
speed NN B-NP
, , O
flexibility NN B-NP
and CC O
maximum JJ B-NP
privacy NN I-NP
. . O

International NNP B-NP
Business NNP I-NP
Machines NNPS I-NP
and CC O
Bank NNP B-NP
of IN B-PP
America NNP B-NP
are VBP B-VP
among IN B-PP
the DT B-NP
companies NNS I-NP
using VBG B-VP
the DT B-NP
single-adjudicator JJ I-NP
approach NN I-NP
. . O

4 CD B-LST
. . O
Make VB B-VP
your PRP$ B-NP
due-process NN I-NP
system NN I-NP
visible JJ B-ADJP
. . O

It PRP B-NP
wo MD B-VP
n't RB I-VP
do VB I-VP
any DT B-NP
good NN I-NP
for IN B-PP
anybody NN B-NP
unless IN B-SBAR
employees NNS B-NP
know VBP B-VP
about IN B-PP
it PRP B-NP
. . O

Most JJS B-NP
managements NNS I-NP
hesitate VBP B-VP
to TO I-VP
go VB I-VP
all DT B-ADVP
out NN I-ADVP
in IN B-PP
advertising VBG B-VP
their PRP$ B-NP
due-process NN I-NP
systems NNS I-NP
for IN B-PP
fear NN B-NP
of IN B-PP
encouraging VBG B-VP
cranks NNS B-NP
and CC O
chronic JJ B-NP
soreheads NNS I-NP
to TO B-VP
file VB I-VP
complaints NNS B-NP
. . O

On IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
they PRP B-NP
make VBP B-VP
sure JJ B-ADJP
at IN B-PP
a DT B-NP
minimum NN I-NP
that IN B-SBAR
their PRP$ B-NP
systems NNS I-NP
are VBP B-VP
described VBN I-VP
in IN B-PP
their PRP$ B-NP
employee NN I-NP
handbooks NNS I-NP
and CC O
talked VBD B-VP
up IN B-PRT
by IN B-PP
personnel NNS B-NP
specialists NNS I-NP
. . O

Smith-Kline NNP B-NP
Beecham NNP I-NP
goes VBZ B-VP
further JJ B-ADVP
and CC O
sometimes RB B-VP
features VBZ I-VP
its PRP$ B-NP
grievance NN I-NP
procedure NN I-NP
in IN B-PP
closed-circuit JJ B-NP
TV NN I-NP
programs NNS I-NP
. . O

Naturally RB B-ADVP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
best JJS I-NP
ways NNS I-NP
to TO B-VP
guarantee VB I-VP
visibility NN B-NP
for IN B-PP
your PRP$ B-NP
due-process NN I-NP
system NN I-NP
is VBZ B-VP
for IN B-SBAR
top JJ B-NP
management NN I-NP
to TO B-VP
support VB I-VP
it PRP B-NP
. . O

At IN B-PP
IBM NNP B-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
Open NNP I-NP
Door NNP I-NP
system NN I-NP
is VBZ B-VP
sometimes RB B-ADVP
the DT B-NP
subject NN I-NP
of IN B-PP
memorandums NNS B-NP
from IN B-PP
the DT B-NP
chief JJ I-NP
executive NN I-NP
. . O

Federal NNP B-NP
Express NNP I-NP
goes VBZ B-VP
further JJ B-ADVP
in IN B-PP
this DT B-NP
respect NN I-NP
than IN B-PP
any DT B-NP
company NN I-NP
I PRP B-NP
know VBP B-VP
of IN B-PP
with IN B-PP
both DT B-NP
Frederick NNP B-NP
Smith NNP I-NP
and CC O
James NNP B-NP
Barksdale NNP I-NP
, , O
chief JJ B-NP
executive NN I-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
, , O
respectively RB B-ADVP
, , O
sitting VBG B-VP
in IN B-PRT
on IN B-PP
the DT B-NP
Appeals NNP I-NP
Board NNP I-NP
almost RB B-NP
every DT I-NP
Tuesday NNP I-NP
to TO B-VP
decide VB I-VP
cases NNS B-NP
. . O

Mr. NNP B-NP
Ewing NNP I-NP
is VBZ B-VP
a DT B-NP
consultant NN I-NP
based VBN B-VP
in IN B-PP
Winchester NNP B-NP
, , O
Mass. NNP B-NP
, , O
and CC O
author NN B-NP
of IN B-PP
`` `` O
Justice NNP B-NP
on IN B-PP
the DT B-NP
Job NNP I-NP
: : O
Resolving NNP B-VP
Grievances NNP B-NP
in IN B-PP
the DT B-NP
Nonunion NNP I-NP
Workplace NN I-NP
'' '' O
-LRB- ( O
Harvard NNP B-NP
Business NNP I-NP
School NNP I-NP
Press NNP I-NP
, , O
1989 CD B-NP
-RRB- ) O
. . O

Tokyo NNP B-NP
stocks NNS I-NP
closed VBD B-VP
higher JJR B-ADVP
in IN B-PP
active JJ B-NP
trading NN I-NP
Friday NNP B-NP
, , O
marking VBG B-VP
the DT B-NP
fourth JJ I-NP
consecutive JJ I-NP
daily JJ I-NP
gain NN I-NP
since IN B-PP
Monday NNP B-NP
's POS B-NP
sharp JJ I-NP
fall NN I-NP
. . O

London JJ B-NP
shares NNS I-NP
closed VBD B-VP
moderately RB B-ADVP
lower JJR I-ADVP
in IN B-PP
thin JJ B-NP
trading NN I-NP
. . O

At IN B-PP
Tokyo NNP B-NP
, , O
the DT B-NP
Nikkei NNP I-NP
index NN I-NP
of IN B-PP
225 CD B-NP
selected VBN I-NP
issues NNS I-NP
was VBD B-VP
up IN B-ADVP
112.16 CD B-NP
points NNS I-NP
to TO B-PP
35486.38 CD B-NP
. . O

The DT B-NP
index NN I-NP
advanced VBD B-VP
266.66 CD B-NP
points NNS I-NP
Thursday NNP B-NP
. . O

In IN B-PP
early JJ B-NP
trading NN I-NP
in IN B-PP
Tokyo NNP B-NP
Monday NNP B-NP
, , O
the DT B-NP
Nikkei NNP I-NP
index NN I-NP
rose VBD B-VP
101.98 CD B-NP
points NNS I-NP
to TO B-PP
35588.36 CD B-NP
. . O

Friday NNP B-NP
's POS B-NP
volume NN I-NP
on IN B-PP
the DT B-NP
First NNP I-NP
Section NN I-NP
was VBD B-VP
estimated VBN I-VP
at IN B-PP
one CD B-NP
billion CD I-NP
shares NNS I-NP
, , O
up IN B-ADVP
from IN B-PP
862 CD B-NP
million CD I-NP
Thursday NNP B-NP
. . O

Winners NNS B-NP
outpaced VBD B-VP
losers NNS B-NP
, , O
572 CD B-ADVP
to TO I-ADVP
368 CD I-ADVP
, , O
while IN B-SBAR
181 CD B-NP
issues NNS I-NP
remained VBD B-VP
unchanged JJ B-ADJP
. . O

With IN B-SBAR
investors NNS B-NP
relieved VBN B-ADJP
at IN B-PP
the DT B-NP
overnight JJ I-NP
gain NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
stocks NNS I-NP
, , O
small-lot JJ B-NP
buying NN I-NP
orders NNS I-NP
streamed VBD B-VP
into IN B-PP
the DT B-NP
market NN I-NP
from IN B-PP
early JJ B-NP
morning NN I-NP
, , O
making VBG B-VP
traders NNS B-NP
believe VBP B-VP
the DT B-NP
market NN I-NP
was VBD B-VP
back RB B-ADVP
to TO B-PP
normal JJ B-NP
. . O

The DT B-NP
Nikkei NNP I-NP
, , O
which WDT B-NP
reached VBD B-VP
as RB B-ADJP
high JJ I-ADJP
as IN B-PP
35611.38 CD B-NP
right NN B-ADVP
after IN B-PP
the DT B-NP
opening NN I-NP
, , O
surrendered VBD B-VP
part NN B-NP
of IN B-PP
its PRP$ B-NP
early JJ I-NP
advance NN I-NP
toward IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
day NN I-NP
because IN B-PP
of IN I-PP
profit-taking NN B-NP
. . O

`` `` O
Investors NNS B-NP
, , B-NP
especially RB I-NP
dealers NNS B-NP
, , O
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
hold VB I-VP
a DT B-NP
position NN I-NP
over IN B-PP
the DT B-NP
weekend NN I-NP
, , O
'' '' O
a DT B-NP
trader NN I-NP
at IN B-PP
Dai-ichi NNP B-NP
Securities NNP I-NP
said VBD B-VP
, , O
adding VBG B-VP
, , O
though RB B-ADVP
, , O
that IN B-SBAR
the DT B-NP
trading NN I-NP
mood NN I-NP
remained VBD B-VP
positive JJ B-ADJP
through IN B-PP
the DT B-NP
afternoon NN I-NP
session NN I-NP
. . O

The DT B-NP
Tokyo NNP I-NP
Stock NNP I-NP
Price NNP I-NP
Index NNP I-NP
-LRB- ( O
Topix NNP B-NP
-RRB- ) O
of IN B-PP
all DT B-NP
issues NNS I-NP
listed VBN B-VP
in IN B-PP
the DT B-NP
First NNP I-NP
Section NN I-NP
, , O
which WDT B-NP
gained VBD B-VP
22.78 CD B-NP
points NNS I-NP
Thursday NNP B-NP
, , O
was VBD B-VP
up IN B-ADVP
14.06 CD B-NP
points NNS I-NP
, , O
or CC O
0.53 CD B-NP
% NN I-NP
, , O
at IN B-PP
2679.72 CD B-NP
. . O

The DT B-NP
Second JJ I-NP
Section NN I-NP
index NN I-NP
, , O
which WDT B-NP
rose VBD B-VP
15.72 CD B-NP
points NNS I-NP
Thursday NNP B-NP
, , O
was VBD B-VP
up IN B-ADVP
11.88 CD B-NP
points NNS I-NP
, , O
or CC O
0.32 CD B-NP
% NN I-NP
, , O
to TO B-VP
close VB I-VP
at IN B-PP
3717.46 CD B-NP
. . O

Volume NN B-NP
in IN B-PP
the DT B-NP
second JJ I-NP
section NN I-NP
was VBD B-VP
estimated VBN I-VP
at IN B-PP
30 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
up IN B-ADVP
from IN B-PP
28 CD B-NP
million CD I-NP
Thursday NNP B-NP
. . O

In IN B-PP
turmoil NN B-NP
caused VBN B-VP
by IN B-PP
the DT O
previous JJ B-NP
Friday NNP I-NP
's POS B-NP
plunge NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
stocks NNS I-NP
, , O
the DT B-NP
Nikkei NNP I-NP
marked VBD B-VP
a DT B-NP
sharp JJ I-NP
647.33-point JJ I-NP
fall NN I-NP
Monday NNP B-NP
. . O

But CC O
the DT B-NP
Nikkei NNP I-NP
fell VBD B-VP
an DT B-NP
overall JJ I-NP
1.8 CD I-NP
% NN I-NP
in IN B-PP
value NN B-NP
that DT B-NP
day NN I-NP
compared VBN B-PP
with IN B-PP
Wall NNP B-NP
Street NNP I-NP
's POS I-NP
far RB B-ADJP
sharper JJR I-ADJP
6.9 CD B-ADJP
% NN I-ADJP
drop NN B-NP
on IN B-PP
Oct. NNP B-NP
13 CD I-NP
. . O

The DT B-NP
Tokyo NNP I-NP
market NN I-NP
's POS B-NP
resiliency NN I-NP
helped VBD B-VP
participants NNS B-NP
to TO B-VP
regain VB I-VP
confidence NN B-NP
gradually RB B-ADVP
as IN B-SBAR
they PRP B-NP
spent VBD B-VP
more JJR B-NP
time NN I-NP
on IN B-PP
analyzing VBG B-VP
factors NNS B-NP
that WDT B-NP
caused VBD B-VP
the DT B-NP
Friday NNP I-NP
plunge NN I-NP
and CC O
realized VBD B-VP
these DT B-NP
problems NNS I-NP
were VBD B-VP
unique JJ B-ADJP
to TO B-PP
New NNP B-NP
York NNP I-NP
stocks NNS I-NP
and CC B-ADJP
not RB I-ADJP
directly RB B-ADJP
related VBN I-ADJP
to TO B-PP
Tokyo NNP B-NP
. . O

The DT B-NP
Nikkei NNP I-NP
continued VBD B-VP
to TO I-VP
gain VB I-VP
for IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
week NN I-NP
, , O
adding VBG B-VP
1017.69 CD B-NP
points NNS I-NP
in IN B-PP
four CD B-NP
days NNS I-NP
-- : O
more JJR B-VP
than IN I-VP
erasing VBG I-VP
Monday NNP B-NP
's POS B-NP
losses NNS I-NP
. . O

But CC O
further JJ B-NP
major JJ I-NP
advances NNS I-NP
on IN B-PP
the DT B-NP
Nikkei NNP I-NP
are VBP B-VP
n't RB I-VP
foreseen VBN I-VP
this DT B-NP
week NN I-NP
by IN B-PP
market NN B-NP
observers NNS I-NP
. . O

Investors NNS B-NP
are VBP B-VP
still RB I-VP
waiting VBG I-VP
to TO I-VP
see VB I-VP
how WRB B-ADVP
the DT B-NP
U.S. NNP I-NP
government NN I-NP
will MD B-VP
decide VB I-VP
on IN B-PP
interest NN B-NP
rates NNS I-NP
and CC O
how WRB B-ADVP
the DT B-NP
dollar NN I-NP
will MD B-VP
be VB I-VP
stabilized VBN I-VP
. . O

Some DT B-NP
high-priced JJ I-NP
issues NNS I-NP
made VBD B-VP
a DT B-NP
comeback NN I-NP
Friday NNP B-NP
. . O

Pioneer NNP B-NP
surged VBD B-VP
450 CD B-NP
yen NN I-NP
-LRB- ( O
$ $ B-NP
3.16 CD I-NP
-RRB- ) O
to TO B-PP
6,050 CD B-NP
yen NN I-NP
-LRB- ( O
$ $ B-NP
42.60 CD I-NP
-RRB- ) O
. . O

Kyocera NNP B-NP
advanced VBD B-VP
80 CD B-NP
yen NN I-NP
to TO B-PP
5,440 CD B-NP
. . O

Fanuc NNP B-NP
gained VBD B-VP
100 CD B-NP
to TO B-PP
7,580 CD B-NP
. . O

Breweries NNP B-NP
attracted VBD B-VP
investors NNS B-NP
because IN B-PP
of IN I-PP
their PRP$ B-NP
land NN I-NP
property NN I-NP
holdings NNS I-NP
that WDT B-NP
could MD B-VP
figure VB I-VP
in IN B-PP
development NN B-NP
or CC O
other JJ B-NP
plans NNS I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

Sapporo NNP B-NP
gained VBD B-VP
80 CD B-NP
to TO B-PP
1,920 CD B-NP
and CC O
Kirin NNP B-NP
added VBD B-VP
60 CD B-NP
to TO B-PP
2,070 CD B-NP
. . O

Housings NNS B-NP
, , I-NP
constructions NNS I-NP
and CC I-NP
pharmaceuticals NNS I-NP
continued VBD B-VP
to TO I-VP
be VB I-VP
bought VBN I-VP
following VBG B-PP
Thursday NNP B-NP
's POS B-NP
gains NNS I-NP
because IN B-PP
of IN I-PP
strong JJ B-NP
earnings NNS I-NP
outlooks NNS I-NP
. . O

Daiwa NNP B-NP
House NNP I-NP
gained VBD B-VP
50 CD B-NP
to TO B-PP
2,660 CD B-NP
. . O

Misawa NNP B-NP
Homes NNP I-NP
was VBD B-VP
up IN B-ADVP
20 CD B-NP
at IN B-PP
2,960 CD B-NP
. . O

Kajima NNP B-NP
advanced VBD B-VP
40 CD B-NP
to TO B-PP
2,120 CD B-NP
and CC O
Ohbayashi NNP B-NP
added VBD B-VP
50 CD B-NP
to TO B-PP
1,730 CD B-NP
. . O

Fujisawa NNP B-NP
added VBD B-VP
80 CD B-NP
to TO B-PP
2,010 CD B-NP
and CC O
Mochida NNP B-NP
advanced VBD B-VP
230 CD B-NP
to TO B-PP
4,400 CD B-NP
. . O

London JJ B-NP
share NN I-NP
prices NNS I-NP
were VBD B-VP
influenced VBN I-VP
largely RB B-ADVP
by IN B-PP
declines NNS B-NP
on IN B-PP
Wall NNP B-NP
Street NNP I-NP
and CC O
weakness NN B-NP
in IN B-PP
the DT B-NP
British JJ I-NP
pound NN I-NP
. . O

The DT B-NP
key JJ I-NP
Financial NNP I-NP
Times-Stock NNP I-NP
Exchange NNP I-NP
100-share JJ I-NP
index NN I-NP
ended VBD B-VP
10.2 CD B-NP
points NNS I-NP
lower JJR B-ADVP
at IN B-PP
2179.1 CD B-NP
, , O
above IN B-ADVP
its PRP$ B-NP
intraday JJ I-NP
low NN I-NP
of IN B-PP
2176.9 CD B-NP
, , B-ADVP
but CC I-ADVP
off IN B-ADVP
the DT B-NP
day NN I-NP
's POS I-NP
high NN B-NP
of IN B-PP
2189 CD B-NP
. . O

The DT B-NP
index NN I-NP
finished VBD B-VP
2.4 CD B-NP
% NN I-NP
under IN B-PP
its PRP$ B-NP
close NN I-NP
of IN B-PP
2233.9 CD B-NP
the DT B-NP
previous JJ I-NP
Friday NNP I-NP
, , O
although IN B-SBAR
it PRP B-NP
recouped VBD B-VP
some DT B-NP
of IN B-PP
the DT B-NP
sharp JJ I-NP
losses NNS I-NP
staged VBD B-VP
early JJ B-NP
last JJ I-NP
week NN I-NP
on IN B-PP
the DT B-NP
back RB I-NP
of IN B-PP
Wall NNP B-NP
Street NNP I-NP
's POS B-NP
fall NN I-NP
. . O

London NNP B-NP
was VBD B-VP
weak JJ B-ADJP
throughout IN B-PP
Friday NNP B-NP
's POS B-NP
trading NN I-NP
, , O
however RB B-ADVP
, , O
on IN B-PP
what WP B-NP
dealers NNS B-NP
attributed VBD B-VP
to TO B-PP
generally RB B-NP
thin JJ I-NP
interest NN I-NP
ahead RB B-ADVP
of IN B-PP
the DT B-NP
weekend NN I-NP
and CC O
this DT B-NP
week NN I-NP
's POS I-NP
potentially RB B-ADJP
important JJ I-ADJP
U.K. NNP B-NP
trade NN I-NP
figures NNS I-NP
for IN B-PP
September NNP B-NP
. . O

The DT B-NP
FT-SE NNP I-NP
100 CD I-NP
largely RB B-ADVP
remained VBD B-VP
within IN B-PP
an DT B-NP
11-point JJ I-NP
range NN I-NP
establshed VBN B-VP
within IN B-PP
the DT B-NP
first JJ I-NP
hour NN I-NP
of IN B-PP
trading NN B-NP
before IN B-PP
it PRP B-NP
eased VBD B-VP
to TO B-PP
an DT B-NP
intraday JJ I-NP
low JJ I-NP
late RB B-ADVP
in IN B-PP
the DT B-NP
session NN I-NP
when WRB B-ADVP
a DT B-NP
flurry NN I-NP
of IN B-PP
program NN B-NP
selling VBG I-NP
pushed VBN B-VP
Wall NNP B-NP
Street NNP I-NP
lower JJR B-ADVP
. . O

The DT B-NP
FT NNP I-NP
30-share JJ I-NP
index NN I-NP
closed VBD B-VP
11.0 CD B-NP
points NNS I-NP
lower JJR B-ADVP
at IN B-PP
1761.0 CD B-NP
. . O

Volume NN B-NP
was VBD B-VP
extremely RB B-ADJP
thin JJ I-ADJP
at IN B-PP
351.3 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
the DT B-NP
lightest JJS I-NP
volume NN I-NP
of IN B-PP
the DT B-NP
week NN I-NP
and CC O
modestly RB B-ADVP
under IN B-PP
Thursday NNP B-NP
's POS B-NP
387.4 CD I-NP
million CD I-NP
shares NNS I-NP
. . O

Dealers NNS B-NP
said VBD B-VP
the DT B-NP
day NN I-NP
's POS B-NP
action NN I-NP
was VBD B-VP
featureless JJ B-ADJP
outside IN B-PP
some DT B-NP
response NN I-NP
to TO B-PP
sterling NN B-NP
's POS B-NP
early JJ I-NP
weakness NN I-NP
against IN B-PP
the DT B-NP
mark NN I-NP
, , O
and CC O
fears NNS B-NP
that IN B-SBAR
Wall NNP B-NP
Street NNP I-NP
might MD B-VP
open RB I-VP
lower JJR B-ADVP
after IN B-PP
its PRP$ B-NP
strong JJ I-NP
leap NN I-NP
forward RB B-ADVP
Thursday NNP B-NP
. . O

They PRP B-NP
added VBD B-VP
that IN B-SBAR
market-makers NNS B-NP
were VBD B-VP
largely RB I-VP
sidelined VBN I-VP
after IN B-PP
aggressively RB B-VP
supporting VBG I-VP
the DT B-NP
market NN I-NP
Thursday NNP B-NP
in IN B-PP
their PRP$ B-NP
quest NN I-NP
to TO B-VP
cover VB I-VP
internal JJ B-NP
shortages NNS I-NP
of IN B-PP
FT-SE NNP B-NP
100 CD I-NP
shares NNS I-NP
. . O

Interest NN B-NP
may MD B-VP
remain VB I-VP
limited JJ B-ADJP
into IN B-PP
tomorrow NN B-NP
's POS B-NP
U.K. NNP I-NP
trade NN I-NP
figures NNS I-NP
, , O
which WDT B-NP
the DT B-NP
market NN I-NP
will MD B-VP
be VB I-VP
watching VBG I-VP
closely RB B-ADVP
to TO B-VP
see VB I-VP
if IN B-SBAR
there EX B-NP
is VBZ B-VP
any DT B-NP
improvement NN I-NP
after IN B-PP
disappointing JJ B-NP
numbers NNS I-NP
in IN B-PP
the DT B-NP
previous JJ I-NP
two CD I-NP
months NNS I-NP
. . O

The DT B-NP
key JJ I-NP
corporate JJ I-NP
news NN I-NP
of IN B-PP
the DT B-NP
day NN I-NP
was VBD B-VP
that IN B-SBAR
British JJ B-NP
Airways NNPS I-NP
decided VBD B-VP
to TO I-VP
withdraw VB I-VP
from IN B-PP
a DT B-NP
management-led JJ I-NP
bid NN I-NP
for IN B-PP
UAL NNP B-NP
Corp. NNP I-NP
, , O
the DT B-NP
parent NN I-NP
of IN B-PP
United NNP B-NP
Airlines NNPS I-NP
. . O

British JJ B-NP
Airways NNPS I-NP
rose VBD B-VP
initially RB B-ADVP
after IN B-PP
announcing VBG B-VP
its PRP$ B-NP
withdrawal NN I-NP
from IN B-PP
the DT B-NP
UAL NNP I-NP
deal NN I-NP
. . O

Dealers NNS B-NP
said VBD B-VP
they PRP B-NP
viewed VBD B-VP
the DT O
initial JJ O
# # O
390-million CD O
-LRB- ( O
$ $ B-ADJP
622 CD O
million CD O
-RRB- ) O
outlay NN B-NP
for IN B-PP
a DT B-NP
15 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
airline NN I-NP
as IN B-PP
a DT B-NP
bit NN I-NP
much JJ I-NP
. . O

Its PRP$ B-NP
shares NNS I-NP
slid VBD B-VP
in IN B-PP
late JJ B-NP
dealings NNS I-NP
to TO B-VP
close VB I-VP
a DT B-NP
penny NN I-NP
per IN B-PP
share NN B-NP
lower JJR B-ADVP
at IN B-PP
197 CD B-NP
pence NN I-NP
. . O

The DT B-NP
airline NN I-NP
was VBD B-VP
the DT B-NP
most RBS I-NP
active JJ I-NP
FT-SE NNP I-NP
100 CD I-NP
at IN B-PP
8.2 CD B-NP
million CD I-NP
shares NNS I-NP
traded VBN B-VP
. . O

The DT B-NP
next JJ I-NP
most RBS I-NP
active JJ I-NP
top-tier JJ I-NP
stock NN I-NP
was VBD B-VP
B.A.T NNP B-NP
Industries NNPS I-NP
, , O
the DT B-NP
target NN I-NP
of IN B-PP
Sir NNP B-NP
James NNP I-NP
Goldsmith NNP I-NP
's POS B-NP
# # B-ADJP
13.4 CD O
billion CD O
bid NN B-NP
. . O

The DT B-NP
company NN I-NP
gained VBD B-VP
shareholder NN B-NP
approval NN I-NP
Thursday NNP B-NP
to TO B-VP
restructure VB I-VP
in IN B-PP
a DT B-NP
bid NN I-NP
to TO B-VP
fend VB I-VP
off IN B-PRT
the DT B-NP
hostile JJ I-NP
takeover NN I-NP
. . O

Sir NNP B-NP
James NNP I-NP
said VBD B-VP
Thursday NNP B-NP
night NN I-NP
that IN B-SBAR
his PRP$ B-NP
plans NNS I-NP
for IN B-PP
the DT B-NP
takeover NN I-NP
had VBD B-VP
n't RB I-VP
changed VBN I-VP
. . O

B.A.T NNP B-NP
ended VBD B-VP
the DT B-NP
day NN I-NP
at IN B-PP
778 CD B-NP
, , O
down JJ B-ADVP
5 NN B-NP
, , O
on IN B-PP
turnover NN B-NP
of IN B-PP
7.5 CD B-NP
million CD I-NP
shares NNS I-NP
. . O

Dealers NNS B-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
hit VBN I-VP
by IN B-PP
some DT B-NP
profit-taking NN I-NP
after IN B-PP
gains NNS B-NP
since IN B-PP
mid-week NN B-NP
. . O

In IN B-PP
other JJ B-NP
active JJ I-NP
shares NNS I-NP
, , O
Trusthouse NNP B-NP
Forte NNP I-NP
shed VB B-VP
10 CD B-NP
to TO B-PP
294 CD B-NP
on IN B-PP
volume NN B-NP
of IN B-PP
6.4 CD B-NP
million CD I-NP
shares NNS I-NP
after IN B-PP
a DT B-NP
Barclays NNP I-NP
De NNP I-NP
Zoete NNP I-NP
Wedd NNP I-NP
downgrading NN I-NP
, , O
while IN B-SBAR
Hillsdown NNP B-NP
Holdings NNP I-NP
, , O
a DT B-NP
food NN I-NP
products NNS I-NP
concern VBP I-NP
, , O
was VBD B-VP
boosted VBN I-VP
2 CD B-NP
to TO B-PP
271 CD B-NP
after IN O
it PRP B-NP
disclosed VBD B-VP
it PRP B-NP
would MD B-VP
seek VB I-VP
shareholder NN B-NP
approval NN I-NP
to TO B-VP
begin VB I-VP
share NN B-NP
repurchases NNS I-NP
. . O

Elsewhere RB B-ADVP
in IN B-PP
Europe NNP B-NP
, , O
share NN B-NP
prices NNS I-NP
closed VBD B-VP
higher JJR B-ADVP
in IN B-PP
Stockholm NNP B-NP
, , I-NP
Brussels NNP I-NP
and CC I-NP
Milan NNP I-NP
. . O

Prices NNS B-NP
were VBD B-VP
lower JJR B-ADJP
in IN B-PP
Frankfurt NNP B-NP
, , I-NP
Zurich NNP I-NP
, , I-NP
Paris NNP I-NP
and CC I-NP
Amsterdam NNP I-NP
. . O

South JJ B-NP
African JJ I-NP
gold NN I-NP
stocks NNS I-NP
closed VBD B-VP
moderately RB B-ADVP
lower JJR I-ADVP
. . O

Share NN B-NP
prices NNS I-NP
closed VBD B-VP
higher JJR B-ADVP
in IN B-PP
Sydney NNP B-NP
, , O
Taipei NNP B-NP
, , O
Wellington NNP B-NP
, , O
Manila NNP B-NP
, , O
Hong NNP B-NP
Kong NNP I-NP
and CC O
Singapore NNP B-NP
and CC O
were VBD B-VP
lower JJR B-ADJP
in IN B-PP
Seoul NNP B-NP
. . O

Here RB B-ADVP
are VBP B-VP
price NN B-NP
trends NNS I-NP
on IN B-PP
the DT B-NP
world NN I-NP
's POS B-NP
major JJ I-NP
stock NN I-NP
markets NNS I-NP
, , O
as IN B-SBAR
calculated VBN B-VP
by IN B-PP
Morgan NNP B-NP
Stanley NNP I-NP
Capital NNP I-NP
International NNP I-NP
Perspective NNP I-NP
, , O
Geneva NNP B-NP
. . O

To TO B-VP
make VB I-VP
them PRP B-NP
directly RB B-ADJP
comparable JJ I-ADJP
, , O
each DT B-NP
index NN I-NP
is VBZ B-VP
based VBN I-VP
on IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
1969 CD B-NP
equaling VBG B-VP
100 CD B-NP
. . O

The DT B-NP
percentage NN I-NP
change NN I-NP
is VBZ B-VP
since IN B-PP
year-end NN B-NP
. . O

The DT B-NP
U.S. NNP I-NP
is VBZ B-VP
required VBN I-VP
to TO I-VP
notify VB I-VP
foreign JJ B-NP
dictators NNS I-NP
if IN B-SBAR
it PRP B-NP
knows VBZ B-VP
of IN B-PP
coup NN B-NP
plans NNS I-NP
likely JJ B-ADJP
to TO B-VP
endanger VB I-VP
their PRP$ B-NP
lives NNS I-NP
, , O
government NN B-NP
officials NNS I-NP
said VBD B-VP
. . O

The DT B-NP
notification NN I-NP
policy NN I-NP
was VBD B-VP
part NN B-NP
of IN B-PP
a DT B-NP
set NN I-NP
of IN B-PP
guidelines NNS B-NP
on IN B-PP
handling NN B-VP
coups NNS B-NP
outlined VBN B-VP
in IN B-PP
a DT B-NP
secret JJ I-NP
1988 CD I-NP
exchange NN I-NP
of IN B-PP
letters NNS B-NP
between IN B-PP
the DT B-NP
Reagan NNP I-NP
administration NN I-NP
and CC O
the DT B-NP
Senate NNP I-NP
Intelligence NNP I-NP
Committee NNP I-NP
. . O

The DT B-NP
existence NN I-NP
of IN B-PP
the DT B-NP
guidelines NNS I-NP
has VBZ B-VP
become VBN I-VP
known VBN I-VP
since IN B-SBAR
President NNP B-NP
Bush NNP I-NP
disclosed VBD B-VP
them PRP B-NP
privately RB B-ADVP
to TO B-PP
seven CD B-NP
Republican NNP I-NP
senators NNS I-NP
at IN B-PP
a DT B-NP
White NNP I-NP
House NNP I-NP
meeting NN I-NP
last JJ B-NP
Monday NNP I-NP
. . O

Officials NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
meeting NN I-NP
said VBD B-VP
Mr. NNP B-NP
Bush NNP I-NP
cited VBD B-VP
the DT B-NP
policy NN I-NP
as IN B-PP
an DT B-NP
example NN I-NP
of IN B-PP
the DT B-NP
sort NN I-NP
of IN B-PP
congressional JJ B-NP
requirements NNS I-NP
the DT B-NP
administration NN I-NP
contends VBZ B-VP
contribute VB B-VP
to TO B-PP
the DT B-NP
failure NN I-NP
of IN B-PP
such JJ B-NP
covert JJ I-NP
actions NNS I-NP
as IN B-PP
this DT B-NP
month NN I-NP
's POS B-NP
futile JJ I-NP
effort NN I-NP
to TO B-VP
oust VB I-VP
Panamanian JJ B-NP
dictator NN I-NP
Manuel NNP I-NP
Noriega NNP I-NP
. . O

According VBG B-PP
to TO B-PP
the DT B-NP
officials NNS I-NP
, , O
Mr. NNP B-NP
Bush NNP I-NP
even RB B-ADVP
read VB B-VP
to TO B-PP
the DT B-NP
senators NNS I-NP
selections NNS B-NP
from IN B-PP
a DT B-NP
highly RB I-NP
classified VBN I-NP
letter NN I-NP
from IN B-PP
the DT B-NP
committee NN I-NP
to TO B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
discussing VBG B-VP
the DT B-NP
guidelines NNS I-NP
. . O

They PRP B-NP
said VBD B-VP
the DT B-NP
president NN I-NP
conceded VBD B-VP
the DT B-NP
notification NN I-NP
requirement NN I-NP
did VBD B-VP
n't RB I-VP
affect VB I-VP
his PRP$ B-NP
decision NN I-NP
to TO B-VP
lend VB I-VP
only RB B-NP
minor JJ I-NP
support NN I-NP
to TO B-PP
this DT B-NP
month NN I-NP
's POS B-NP
Panama NNP I-NP
coup NN I-NP
effort NN I-NP
. . O

No DT B-NP
notification NN I-NP
was VBD B-VP
ever RB I-VP
considered VBN I-VP
, , O
officials NNS B-NP
said VBD B-VP
, , O
apparently RB B-ADVP
because IN B-SBAR
the DT B-NP
U.S. NNP I-NP
did VBD B-VP
n't RB I-VP
think VB I-VP
the DT B-NP
coup NN I-NP
plotters NNS I-NP
intended VBN B-VP
to TO I-VP
kill VB I-VP
Mr. NNP B-NP
Noriega NNP I-NP
, , O
but CC O
merely RB B-VP
sought VBD I-VP
to TO I-VP
imprison VB I-VP
him PRP B-NP
. . O

What WP B-NP
's VBZ B-VP
more JJR B-NP
, , O
both DT B-NP
administration NN B-NP
and CC O
congressional JJ B-NP
officials NNS I-NP
hint VBP B-VP
that IN B-SBAR
the DT B-NP
notification NN I-NP
requirement NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
dropped VBN I-VP
from IN B-PP
the DT B-NP
guidelines NNS I-NP
on IN B-PP
coup NN B-NP
attempts NNS I-NP
that WDT B-NP
are VBP B-VP
being VBG I-VP
rewritten VBN I-VP
by IN B-PP
the DT B-NP
panel NN I-NP
and CC O
the DT B-NP
White NNP I-NP
House NNP I-NP
. . O

The DT B-NP
rewriting VBG I-NP
was VBD B-VP
launched VBN I-VP
at IN B-PP
a DT B-NP
meeting NN I-NP
between IN B-PP
Mr. NNP B-NP
Bush NNP I-NP
and CC O
intelligence NN B-NP
committee NN I-NP
leaders NNS I-NP
Oct. NNP B-NP
12 CD I-NP
, , O
a DT B-NP
few JJ I-NP
days NNS I-NP
before IN B-PP
the DT B-NP
meeting NN I-NP
at IN B-PP
which WDT B-NP
the DT B-NP
president NN I-NP
complained VBD B-VP
about IN B-PP
the DT B-NP
rules NNS I-NP
. . O

However RB B-ADVP
, , O
the DT B-NP
disclosure NN I-NP
of IN B-PP
the DT B-NP
guidelines NNS I-NP
, , O
first JJ B-VP
reported VBD I-VP
last JJ B-NP
night NN I-NP
by IN B-PP
NBC NNP B-NP
News NNP I-NP
, , O
is VBZ B-VP
already RB I-VP
being VBG I-VP
interpreted VBN I-VP
on IN B-PP
Capitol NNP B-NP
Hill NNP I-NP
as IN B-PP
an DT B-NP
unfair JJ I-NP
effort NN I-NP
to TO B-VP
pressure VB I-VP
Congress NNP B-NP
. . O

It PRP B-NP
has VBZ B-VP
reopened VBN I-VP
the DT B-NP
bitter JJ I-NP
wrangling NN I-NP
between IN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
and CC O
Congress NNP B-NP
over IN B-PP
who WP B-NP
is VBZ B-VP
responsible JJ B-ADJP
for IN B-PP
the DT B-NP
failure NN I-NP
to TO B-VP
oust VB I-VP
Mr. NNP B-NP
Noriega NNP I-NP
and CC B-PP
, , O
more RBR B-ADVP
broadly RB I-ADVP
, , O
for IN B-PP
difficulties NNS B-NP
in IN B-PP
carrying VBG B-VP
out RP B-PRT
covert JJ B-NP
activities NNS I-NP
abroad RB B-ADVP
. . O

A DT B-NP
statement NN I-NP
issued VBN B-VP
by IN B-PP
the DT B-NP
office NN I-NP
of IN B-PP
the DT B-NP
committee NN I-NP
chairman NN I-NP
, , O
Sen. NNP B-NP
David NNP I-NP
Boren NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Okla. NNP B-NP
-RRB- ) O
, , O
charged VBN B-VP
that IN B-SBAR
the DT B-NP
disclosure NN I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
a DT B-NP
continuing VBG I-NP
effort NN I-NP
to TO B-VP
shift VB I-VP
the DT B-NP
criticism NN I-NP
for IN B-PP
the DT B-NP
failure NN I-NP
of IN B-PP
the DT B-NP
recent JJ I-NP
coup NN I-NP
attempt NN I-NP
in IN B-PP
Panama NNP B-NP
. . O

The DT B-NP
statement NN I-NP
added VBD B-VP
, , O
`` `` O
Someone NN B-NP
has VBZ B-VP
regrettably RB I-VP
chosen VBN I-VP
to TO I-VP
selectively RB I-VP
summarize VB I-VP
portions NNS B-NP
of IN B-PP
highly RB B-NP
classified VBN I-NP
correspondence NN I-NP
between IN B-PP
the DT B-NP
two CD I-NP
branches NNS I-NP
of IN B-PP
government NN B-NP
. . O

Not RB B-CONJP
only RB I-CONJP
does VBZ O
this DT B-NP
come JJ B-VP
close RB B-ADJP
to TO B-PP
a DT B-NP
violation NN I-NP
of IN B-PP
law NN B-NP
, , O
it PRP B-NP
violates VBZ B-VP
the DT B-NP
trust NN I-NP
we PRP B-NP
have VBP B-VP
all DT O
worked VBN B-VP
to TO B-VP
develop VB I-VP
. . O
'' '' O

Sen. NNP B-NP
Boren NNP I-NP
said VBD B-VP
, , O
`` `` O
It PRP B-NP
's VBZ B-VP
time NN B-NP
to TO B-VP
stop VB I-VP
bickering NN I-VP
and CC O
work NN B-VP
together RB B-ADVP
to TO B-VP
develop VB I-VP
a DT B-NP
clear JJ I-NP
and CC I-NP
appropriate JJ I-NP
policy NN I-NP
to TO B-VP
help VB I-VP
the DT B-NP
country NN I-NP
in IN B-PP
the DT B-NP
future NN I-NP
. . O

I PRP B-NP
've VBP B-VP
invited VBN I-VP
the DT B-NP
president NN I-NP
to TO B-VP
send VB I-VP
his PRP$ B-NP
suggestions NNS I-NP
to TO B-PP
the DT B-NP
committee NN I-NP
. . O
'' '' O

Republican NNP B-NP
Sen. NNP I-NP
William NNP I-NP
Cohen NNP I-NP
of IN B-PP
Maine NNP B-NP
, , O
the DT B-NP
panel NN I-NP
's POS B-NP
vice NN I-NP
chairman NN I-NP
, , O
said VBD B-VP
of IN B-PP
the DT B-NP
disclosure NN I-NP
that IN B-SBAR
`` `` O
a DT B-NP
text NN I-NP
torn VBN B-VP
out IN B-ADVP
of IN B-PP
context NN B-NP
is VBZ B-VP
a DT B-NP
pretext NN I-NP
, , O
and CC O
it PRP B-NP
is VBZ B-VP
unfair JJ B-ADJP
for IN B-SBAR
those DT B-NP
in NN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
who WP B-NP
are VBP B-VP
leaking VBG I-VP
to TO B-VP
present VB I-VP
the DT B-NP
evidence NN I-NP
in IN B-PP
a DT B-NP
selective JJ I-NP
fashion NN I-NP
. . O
'' '' O

Sen. NNP B-NP
Boren NNP I-NP
said VBD B-VP
the DT B-NP
committee NN I-NP
could MD B-VP
n't RB I-VP
defend VB I-VP
itself PRP B-NP
by IN B-PP
making VBG B-VP
the DT B-NP
documents NNS I-NP
public JJ B-ADJP
because IN B-SBAR
that DT B-NP
would MD B-VP
violate VB I-VP
classification NN B-NP
rules NNS I-NP
. . O

But CC O
the DT B-NP
chairman NN I-NP
and CC O
other JJ B-NP
committee NN I-NP
members NNS I-NP
stressed VBD B-VP
that IN B-SBAR
the DT B-NP
notification NN I-NP
guideline NN I-NP
was VBD B-VP
n't RB I-VP
imposed VBN I-VP
on IN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
by IN B-PP
a DT B-NP
meddling VBG I-NP
Congress NNP I-NP
. . O

Instead RB B-ADVP
, , O
both DT B-NP
congressional JJ I-NP
and CC I-NP
administration NN I-NP
officials NNS I-NP
agreed VBD B-VP
, , O
it PRP B-NP
grew VBD B-VP
out RP B-PP
of IN B-PP
talks NNS B-NP
about IN B-PP
coup-planning NN B-NP
in IN B-PP
Panama NNP B-NP
that WDT B-NP
were VBD B-VP
initiated VBN I-VP
by IN B-PP
the DT B-NP
administration NN I-NP
in IN B-PP
July NNP B-NP
1988 CD I-NP
and CC O
stretched VBD B-VP
into IN B-PP
last JJ B-NP
October NNP I-NP
. . O

The DT B-NP
guideline NN I-NP
was VBD B-VP
n't RB O
a DT B-NP
law NN I-NP
, , O
but CC O
a DT B-NP
joint JJ I-NP
interpretation NN I-NP
of IN B-PP
how WRB B-ADVP
the DT B-NP
U.S. NNP I-NP
might MD B-VP
operate VB I-VP
during IN B-PP
foreign JJ B-NP
coups NNS I-NP
in IN B-PP
light NN B-NP
of IN B-PP
the DT B-NP
longstanding JJ I-NP
presidential JJ I-NP
order NN I-NP
banning VBG B-VP
a DT B-NP
U.S. NNP I-NP
role NN I-NP
in IN B-PP
assassinations NNS B-NP
. . O

In IN B-PP
fact NN B-NP
, , O
yesterday NN B-NP
the DT B-NP
administration NN I-NP
and CC O
Congress NNP B-NP
were VBD B-VP
still RB I-VP
differing VBG I-VP
on IN B-PP
what WP B-NP
had VBD B-VP
been VBN I-VP
agreed VBN I-VP
to TO B-PP
. . O

One CD B-NP
administration NN I-NP
official NN I-NP
said VBD B-VP
notification NN B-NP
was VBD B-VP
required VBN I-VP
even RB B-SBAR
if IN I-SBAR
the DT B-NP
U.S. NNP I-NP
`` `` O
gets VBZ B-VP
wind NN B-NP
'' '' O
of IN B-PP
somebody NN B-NP
else RB B-ADJP
's POS B-NP
coup NN I-NP
plans NNS I-NP
that WDT B-NP
seem VBP B-VP
likely JJ B-ADJP
to TO B-VP
endanger VB I-VP
a DT B-NP
dictator NN I-NP
's POS B-NP
life NN I-NP
. . O

But CC O
a DT B-NP
congressional JJ I-NP
source NN I-NP
close RB B-ADJP
to TO B-PP
the DT B-NP
panel NN I-NP
said VBD B-VP
the DT B-NP
rule NN I-NP
only RB B-ADVP
covered VBD B-VP
coup NN B-NP
plans NNS I-NP
directly RB B-VP
involving VBG I-VP
the DT B-NP
U.S. NNP I-NP
. . O

Although IN B-SBAR
the DT B-NP
notification NN I-NP
guideline NN I-NP
was VBD B-VP
n't RB I-VP
carried VBN I-VP
out IN B-PRT
in IN B-PP
this DT B-NP
month NN I-NP
's POS B-NP
coup NN I-NP
attempt NN I-NP
, , O
some DT B-NP
administration NN I-NP
officials NNS I-NP
argue VBP B-VP
that IN B-SBAR
it PRP B-NP
may MD B-VP
have VB I-VP
led VBN I-VP
to TO B-PP
hesitation NN B-NP
and CC I-NP
uncertainty NN I-NP
on IN B-PP
the DT B-NP
part NN I-NP
of IN B-PP
U.S. NNP B-NP
intelligence NN I-NP
and CC O
military JJ B-NP
operatives NNS I-NP
in IN B-PP
Panama NNP B-NP
. . O

One CD B-NP
senior JJ I-NP
administration NN I-NP
official NN I-NP
called VBD B-VP
the DT B-NP
guideline NN I-NP
`` `` O
outrageous JJ B-ADJP
'' '' O
and CC O
said VBD B-VP
it PRP B-NP
could MD B-VP
make VB I-VP
U.S. NNP B-NP
operatives NNS I-NP
reluctant JJ B-ADJP
to TO B-VP
even RB I-VP
listen VB I-VP
to TO B-PP
coup NN B-NP
plans NNS I-NP
for IN B-PP
fear NN B-NP
they PRP B-NP
may MD B-VP
get VB I-VP
into IN B-PP
legal JJ B-NP
trouble NN I-NP
. . O

The DT B-NP
issue NN I-NP
came VBD B-VP
to TO B-PP
a DT B-NP
head NN I-NP
last JJ B-NP
year NN I-NP
, , O
officials NNS B-NP
recalled VBD B-VP
, , O
partly RB B-ADVP
because IN B-SBAR
the DT B-NP
Reagan NNP I-NP
administration NN I-NP
had VBD B-VP
sought VBN I-VP
unsuccessfully RB I-VP
to TO I-VP
win VB I-VP
committee NN B-NP
approval NN I-NP
of IN B-PP
funding NN B-NP
for IN B-PP
new JJ B-NP
Panama NNP I-NP
coup NN I-NP
efforts NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
both DT B-NP
administration NN I-NP
and CC I-NP
congressional JJ I-NP
officials NNS I-NP
said VBD B-VP
the DT B-NP
need NN I-NP
for IN B-PP
guidelines NNS B-NP
on IN B-PP
coups NNS B-NP
and CC I-NP
assassinations NNS I-NP
was VBD B-VP
partly RB I-VP
spurred VBN I-VP
by IN B-PP
a DT B-NP
White NNP I-NP
House NNP I-NP
desire NN I-NP
to TO B-VP
avoid VB I-VP
nasty JJ B-NP
overseas JJ I-NP
surprises NNS I-NP
during IN B-PP
the DT B-NP
election NN I-NP
campaign NN I-NP
. . O

Though IN B-SBAR
the DT B-NP
assassination NN I-NP
ban NN I-NP
is VBZ B-VP
a DT B-NP
White NNP I-NP
House NNP I-NP
order NN I-NP
that IN B-NP
Congress NNP B-NP
never RB B-ADVP
voted VBD B-VP
on IN B-PP
, , O
the DT B-NP
intelligence NN I-NP
committees NNS I-NP
can MD B-VP
exercise VB I-VP
influence NN B-NP
over IN B-PP
its PRP$ B-NP
interpretation NN I-NP
. . O

Last JJ B-NP
week NN I-NP
, , O
Central NNP B-NP
Intelligence NNP I-NP
Agency NNP I-NP
Director NNP I-NP
William NNP I-NP
Webster NNP I-NP
publicly RB B-ADVP
called VBD B-VP
on IN B-PP
Congress NNP B-NP
to TO B-VP
provide VB I-VP
new JJ B-NP
interpretations NNS I-NP
of IN B-PP
the DT B-NP
assassination NN I-NP
order NN I-NP
that WDT B-NP
would MD B-VP
permit VB I-VP
the DT B-NP
U.S. NNP I-NP
more JJR B-NP
freedom NN I-NP
to TO B-VP
act VB I-VP
in IN B-PP
coups NNS B-NP
. . O

The DT B-NP
administration NN I-NP
has VBZ B-VP
reacted VBN I-VP
to TO B-PP
criticism NN B-NP
that IN B-SBAR
it PRP B-NP
mishandled VBD B-VP
the DT B-NP
latest JJS I-NP
coup NN I-NP
attempt NN I-NP
by IN B-PP
seeking VBG B-VP
to TO I-VP
blame VB I-VP
Congress NNP B-NP
for IN B-PP
restrictions NNS B-NP
the DT B-NP
White NNP I-NP
House NNP I-NP
said VBD B-VP
have VBP B-VP
hampered VBN I-VP
its PRP$ B-NP
freedom NN I-NP
of IN B-PP
action NN B-NP
. . O

However RB B-ADVP
, , O
last JJ B-NP
week NN I-NP
Mr. NNP B-NP
Webster NNP I-NP
's POS B-NP
two CD I-NP
top JJ I-NP
CIA NNP I-NP
deputies NNS I-NP
said VBD B-VP
congressional JJ B-NP
curbs NNS I-NP
had VBD B-VP
n't RB I-VP
hampered VBN I-VP
the DT B-NP
spy NN I-NP
agency NN I-NP
's POS B-NP
role NN I-NP
in IN B-PP
the DT B-NP
coup NN I-NP
attempt NN I-NP
in IN B-PP
Panama NNP B-NP
. . O

Nevertheless RB B-ADVP
, , O
the DT B-NP
administration NN I-NP
's POS B-NP
criticisms NNS I-NP
appeared VBD B-VP
to TO I-VP
have VB I-VP
made VBN I-VP
some DT B-NP
headway NN I-NP
with IN B-PP
Sens. NNP B-NP
Boren NNP I-NP
and CC I-NP
Cohen NNP I-NP
after IN B-PP
their PRP$ B-NP
Oct. NNP I-NP
12 CD I-NP
meeting NN I-NP
with IN B-PP
the DT B-NP
president NN I-NP
. . O

The DT B-NP
three CD I-NP
men NNS I-NP
agreed VBD B-VP
to TO I-VP
rewrite VB I-VP
the DT B-NP
guidelines NNS I-NP
, , O
without IN B-PP
changing VBG B-VP
the DT B-NP
basic JJ I-NP
assassination NN I-NP
ban NN I-NP
, , O
to TO B-VP
clear VB I-VP
up IN B-PRT
any DT B-NP
ambiguities NNS I-NP
that WDT B-NP
may MD B-VP
have VB I-VP
hampered VBN I-VP
U.S. NNP B-NP
encouragement NN I-NP
of IN B-PP
coups NNS B-NP
against IN B-PP
anti-American JJ B-NP
leaders NNS I-NP
. . O

The DT B-NP
new JJ I-NP
argument NN I-NP
over IN B-PP
the DT B-NP
notification NN I-NP
guideline NN I-NP
, , O
however RB B-ADVP
, , O
could MD B-VP
sour VB I-VP
any DT B-NP
atmosphere NN I-NP
of IN B-PP
cooperation NN B-NP
that WDT B-NP
existed VBD B-VP
. . O

Gerald NNP B-NP
F. NNP I-NP
Seib NNP I-NP
contributed VBD B-VP
to TO B-PP
this DT B-NP
article NN I-NP
. . O

-LRB- ( O
During IN B-PP
its PRP$ B-NP
centennial NN I-NP
year NN I-NP
, , O
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
will MD B-VP
report VB I-VP
events NNS B-NP
of IN B-PP
the DT B-NP
past JJ I-NP
century NN I-NP
that WDT B-NP
stand VBP B-VP
as IN B-PP
milestones NNS B-NP
of IN B-PP
American JJ B-NP
business NN I-NP
history NN I-NP
. . O
-RRB- ) O

MUTUAL JJ B-NP
FUNDS NNS I-NP
ARRIVED VBD B-VP
IN IN B-PP
THE DT B-NP
U.S. NNP I-NP
during IN B-PP
the DT B-NP
Roaring NNP I-NP
Twenties NNP I-NP
-LRB- ( O
they PRP B-NP
had VBD B-VP
been VBN I-VP
in IN B-PP
Britain NNP B-NP
for IN B-PP
a DT B-NP
century NN I-NP
-RRB- ) O
, , O
but CC O
they PRP B-NP
did VBD B-VP
n't RB I-VP
boom VB I-VP
until IN B-SBAR
the DT B-NP
money NN I-NP
market NN I-NP
fund NN I-NP
was VBD B-VP
created VBN I-VP
in IN B-PP
the DT B-NP
1970s NNS I-NP
. . O

By IN B-PP
1980 CD B-NP
, , O
there EX B-NP
were VBD B-VP
more JJR B-NP
than IN I-NP
100 CD I-NP
such JJ I-NP
funds NNS I-NP
. . O

Besides IN B-PP
creating VBG B-VP
a DT B-NP
vehicle NN I-NP
for IN B-PP
investors NNS B-NP
, , O
money NN B-NP
market NN I-NP
funds NNS I-NP
also RB B-ADVP
helped VBD B-VP
rewrite VB I-VP
banking NN B-NP
regulations NNS I-NP
. . O

The DT B-NP
idea NN I-NP
was VBD B-VP
to TO B-VP
let VB I-VP
small JJ B-NP
investors NNS I-NP
, , O
the DT B-NP
backbone NN I-NP
of IN B-PP
the DT B-NP
fund NN I-NP
business NN I-NP
, , O
deal NN B-VP
in IN B-PP
the DT B-NP
money NN I-NP
market NN I-NP
's POS B-NP
high JJ I-NP
short-term JJ I-NP
interest NN I-NP
rates NNS I-NP
. . O

This DT B-NP
had VBD B-VP
been VBN I-VP
the DT B-NP
exclusive JJ I-NP
province NN I-NP
of IN B-PP
those DT B-NP
rich JJ B-ADJP
enough RB I-ADJP
to TO B-VP
use VB I-VP
six-figure JJ B-NP
sums NNS I-NP
to TO B-VP
get VB I-VP
income NN B-NP
that WDT B-NP
was VBD B-VP
figured VBN I-VP
beyond IN B-PP
the DT B-NP
third JJ I-NP
or CC I-NP
fourth JJ I-NP
decimal NN I-NP
place NN I-NP
. . O

The DT B-NP
now-standard JJ I-NP
price NN I-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
a DT B-NP
share NN I-NP
came VBD B-VP
about IN B-PRT
by IN B-PP
accident NN B-NP
. . O

An DT B-NP
early JJ I-NP
fund NN I-NP
had VBD B-VP
filed VBN I-VP
a DT B-NP
registration NN I-NP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
that WDT B-NP
included VBD B-VP
a DT B-NP
fixed VBN I-NP
$ $ I-NP
1 CD I-NP
price NN I-NP
. . O

It PRP B-NP
arrived VBD B-VP
just RB B-ADVP
as IN B-SBAR
the DT B-NP
regulator NN I-NP
handling VBG B-VP
such JJ B-NP
operations NNS I-NP
was VBD B-VP
retiring VBG I-VP
. . O

His PRP$ B-NP
successor NN I-NP
approved VBD B-VP
the DT B-NP
$ $ I-NP
1 CD I-NP
price NN I-NP
in IN B-PP
the DT B-NP
process NN I-NP
of IN B-PP
clearing VBG B-VP
the DT B-NP
backed-up JJ I-NP
papers NNS I-NP
on IN B-PP
his PRP$ B-NP
desk NN I-NP
. . O

When WRB B-ADVP
Dreyfus NNP B-NP
started VBD B-VP
the DT B-NP
first JJ I-NP
advertising-backed JJ I-NP
retail JJ I-NP
fund NN I-NP
in IN B-PP
February NNP B-NP
1974 CD I-NP
, , O
it PRP B-NP
was VBD B-VP
priced VBN I-VP
at IN B-PP
$ $ B-NP
10 CD I-NP
a DT B-NP
share NN I-NP
-LRB- ( O
and CC O
reached VBN B-VP
$ $ B-NP
1 CD I-NP
billion CD I-NP
in IN B-PP
assets NNS B-NP
in IN B-PP
one CD B-NP
year NN I-NP
. . O
-RRB- ) O

Dreyfus NNP B-NP
moved VBD B-VP
to TO B-PP
the DT B-NP
$ $ I-NP
1 CD I-NP
price NN I-NP
after IN B-SBAR
the DT B-NP
SEC NNP I-NP
set VBD B-VP
standards NNS B-NP
-- : O
an DT B-NP
average JJ I-NP
120-day JJ I-NP
maturity NN I-NP
of IN B-PP
high-grade JJ B-NP
paper NN I-NP
-- : O
that WDT B-NP
are VBP B-VP
still RB B-ADVP
the DT B-NP
rule NN I-NP
. . O

Keeping VBG B-VP
the DT B-NP
listed VBN I-NP
price NN I-NP
at IN B-PP
a DT B-NP
dollar NN I-NP
is VBZ B-VP
primarily RB B-ADVP
a DT B-NP
convenience NN I-NP
. . O

Actually RB B-ADVP
, , O
the DT B-NP
funds NNS I-NP
do VBP B-VP
fluctuate VB I-VP
, , O
but CC O
beyond IN B-PP
the DT B-NP
third JJ I-NP
decimal NN I-NP
place NN I-NP
. . O

Rounding-off NN B-NP
keeps VBZ B-VP
them PRP B-NP
at IN B-PP
$ $ B-NP
1 CD I-NP
. . O

Eventually RB B-ADVP
, , O
the DT B-NP
money NN I-NP
funds NNS I-NP
' POS B-NP
success NN I-NP
forced VBD B-VP
relaxation NN B-NP
of IN B-PP
curbs NNS B-NP
on IN B-PP
bank NN B-NP
interest NN I-NP
rates NNS I-NP
to TO B-VP
allow VB I-VP
banks NNS B-NP
to TO B-VP
offer VB I-VP
competing VBG B-NP
yields NNS I-NP
. . O

The DT B-NP
new JJ I-NP
instrument NN I-NP
also RB B-ADVP
introduced VBD B-VP
many JJ B-NP
to TO B-PP
the DT B-NP
industry NN I-NP
-- : O
30 CD B-NP
% NN I-NP
of IN B-PP
fund NN B-NP
owners NNS I-NP
-LRB- ( O
there EX B-NP
are VBP B-VP
more JJR B-NP
than IN I-NP
54 CD I-NP
million CD I-NP
accounts NNS I-NP
-RRB- ) O
started VBD B-VP
with IN B-PP
a DT B-NP
money NN I-NP
fund NN I-NP
. . O

Today NN B-NP
more JJR B-NP
than IN I-NP
470 CD I-NP
money NN I-NP
market NN I-NP
funds NNS I-NP
have VBP B-VP
total JJ B-NP
assets NNS I-NP
exceeding VBG B-VP
$ $ B-NP
350 CD I-NP
billion CD I-NP
. . O

-LRB- ( O
The DT B-NP
companion NN I-NP
tax-exempt JJ I-NP
funds NNS I-NP
add VBP B-VP
$ $ B-NP
71 CD I-NP
billion CD I-NP
. . O
-RRB- ) O

Dreyfus NNP B-NP
alone RB B-ADVP
has VBZ B-VP
seen VBN I-VP
its PRP$ B-NP
money NN I-NP
market NN I-NP
funds NNS I-NP
grow VBP B-VP
from IN B-PP
$ $ B-NP
1 CD I-NP
billion CD I-NP
in IN B-PP
1975 CD B-NP
to TO B-PP
closes VBZ B-NP
to TO I-NP
$ $ I-NP
15 CD I-NP
billion CD I-NP
today NN B-NP
. . O

Procter NNP B-NP
& CC I-NP
Gamble NNP I-NP
Co. NNP I-NP
and CC O
Noxell NNP B-NP
Corp. NNP I-NP
said VBD B-VP
they PRP B-NP
received VBD B-VP
early JJ B-NP
termination NN I-NP
of IN B-PP
the DT B-NP
waiting VBG I-NP
period NN I-NP
under IN B-PP
the DT B-NP
Hart-Scott-Rodino NNP I-NP
Act NNP I-NP
regarding VBG B-PP
the DT B-NP
proposed VBN I-NP
$ $ I-NP
1.4 CD I-NP
billion CD I-NP
merger NN I-NP
of IN B-PP
Noxell NNP B-NP
into IN B-PP
P&G NNP B-NP
. . O

Shareholders NNS B-NP
of IN B-PP
Noxell NNP B-NP
, , O
of IN B-PP
Hunt NNP B-NP
Valley NNP I-NP
, , O
Md. NNP B-NP
, , O
will MD B-VP
vote VB I-VP
on IN B-PP
the DT B-NP
merger NN I-NP
at IN B-PP
a DT B-NP
special JJ I-NP
meeting NN I-NP
on IN B-PP
Nov. NNP B-NP
30 CD I-NP
, , O
the DT B-NP
companies NNS I-NP
said VBD B-VP
. . O

P&G NNP B-NP
, , O
Cincinnati NNP B-NP
, , O
agreed VBD B-VP
to TO I-VP
exchange VB I-VP
0.272 CD B-NP
share NN I-NP
of IN B-PP
its PRP$ B-NP
common JJ I-NP
stock NN I-NP
for IN B-PP
each DT B-NP
share NN I-NP
of IN B-PP
Noxell NNP B-NP
common JJ I-NP
and CC I-NP
Class NNP I-NP
B NNP I-NP
stock NN I-NP
, , O
a DT B-NP
total NN I-NP
of IN B-PP
about IN B-NP
11 CD I-NP
million CD I-NP
P&G NNP I-NP
shares NNS I-NP
. . O

The DT B-NP
transaction NN I-NP
would MD B-VP
mark VB I-VP
the DT B-NP
entry NN I-NP
of IN B-PP
P&G NNP B-NP
into IN B-PP
cosmetics NNS B-NP
. . O

The DT B-NP
company NN I-NP
already RB B-ADVP
markets VBZ B-VP
a DT B-NP
wide JJ I-NP
range NN I-NP
of IN B-PP
detergents NNS B-NP
, , I-NP
food NN I-NP
, , I-NP
household NN I-NP
and CC I-NP
health-care NN I-NP
products NNS I-NP
. . O

Shareholders NNS B-NP
of IN B-PP
Messerschmitt-Boelkow-Blohm NNP B-NP
G.m.b NNP I-NP
. . I-NP
H. NNP I-NP
postponed VBD B-VP
their PRP$ B-NP
formal JJ I-NP
endorsement NN I-NP
of IN B-PP
a DT B-NP
merger NN I-NP
with IN B-PP
Daimler-Benz NNP B-NP
AG NNP I-NP
until IN B-PP
another DT B-NP
meeting NN I-NP
on IN B-PP
Nov. NNP B-NP
17 CD I-NP
. . O

The DT B-NP
owners NNS I-NP
of IN B-PP
the DT B-NP
defense NN I-NP
and CC I-NP
aerospace NN I-NP
concern NN I-NP
, , O
which WDT B-NP
include VBP B-VP
three CD B-NP
regional JJ I-NP
states NNS I-NP
, , O
several JJ B-NP
industrial JJ I-NP
companies NNS I-NP
and CC O
banks NNS B-NP
, , O
met VBD B-VP
Friday NNP B-NP
to TO B-VP
discuss VB I-VP
the DT B-NP
final JJ I-NP
terms NNS I-NP
of IN B-PP
the DT B-NP
transaction NN I-NP
, , O
in IN B-PP
which WDT B-NP
Daimler-Benz NNP B-NP
will MD B-VP
acquire VB I-VP
50.01 CD B-NP
% NN I-NP
of IN B-PP

But CC O
agreement NN B-NP
aparently RB B-ADVP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
because IN B-PP
of IN I-PP
opposition NN B-NP
from IN B-PP
the DT B-NP
states NNS I-NP
of IN B-PP
Hamburg NNP B-NP
and CC I-NP
Bremen NNP I-NP
, , O
which WDT B-NP
are VBP B-VP
demanding VBG I-VP
more JJR B-NP
influence NN I-NP
over IN B-PP
the DT B-NP
German NNP I-NP
Airbus NNP I-NP
operations NNS I-NP
and CC O
a DT B-NP
better JJR I-NP
guarantee NN I-NP
against IN B-PP
job NN B-NP
losses NNS I-NP
in IN B-PP
the DT B-NP
troubled JJ I-NP
Northern JJ I-NP
German JJ I-NP
region NN I-NP
. . O

The DT B-NP
two CD I-NP
states NNS I-NP
and CC O
the DT B-NP
state NN I-NP
of IN B-PP
Bavaria NNP B-NP
still RB B-ADVP
hold VB B-VP
a DT B-NP
majority NN I-NP
in IN B-PP
MBB NNP B-NP
, , O
but CC O
their PRP$ B-NP
stake NN I-NP
will MD B-VP
fall VB I-VP
to TO B-PP
around IN B-NP
30 CD I-NP
% NN I-NP
after IN B-SBAR
Daimler-Benz NNP B-NP
acquires VBZ B-VP
its PRP$ B-NP
stake NN I-NP
in IN B-PP
the DT B-NP
concern NN I-NP
. . O

Jeffrey NNP B-NP
E. NNP I-NP
Levin NNP I-NP
was VBD B-VP
named VBN I-VP
vice NN B-NP
president NN I-NP
and CC O
chief JJ B-NP
economist NN I-NP
of IN B-PP
this DT B-NP
commodity NN I-NP
futures NNS I-NP
and CC I-NP
options NNS I-NP
exchange VBP I-NP
. . O

He PRP B-NP
had VBD B-VP
been VBN I-VP
associate JJ B-NP
professor NN I-NP
in IN B-PP
the DT B-NP
department NN I-NP
of IN B-PP
finance NN B-NP
at IN B-PP
Seton NNP B-NP
Hall NNP I-NP
University NNP I-NP
. . O

SIERRA NNP B-NP
TUCSON NNP I-NP
Cos. NNP I-NP
said VBD B-VP
it PRP B-NP
completed VBD B-VP
its PRP$ B-NP
initial JJ I-NP
public JJ I-NP
offering NN I-NP
of IN B-PP
2.5 CD B-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
, , O
which WDT B-NP
raised VBD B-VP
$ $ B-NP
30 CD I-NP
million CD I-NP
. . O

The DT B-NP
Tucson NNP I-NP
, , I-NP
Ariz. NNP I-NP
, , I-NP
operator NN I-NP
of IN B-PP
addiction-treatment JJ B-NP
centers NNS I-NP
said VBD B-VP
proceeds NNS B-NP
will MD B-VP
be VB I-VP
used VBN I-VP
for IN B-PP
expansion NN B-NP
, , O
to TO B-VP
pay VB I-VP
debt NN B-NP
and CC O
for IN B-PP
general JJ B-NP
corporate JJ I-NP
purposes NNS I-NP
. . O

Oppenheimer NNP B-NP
& CC I-NP
Co. NNP I-NP
was VBD B-VP
the DT B-NP
lead NN I-NP
underwriter NN I-NP
. . O

The DT B-NP
government NN I-NP
issues NNS B-VP
its PRP$ B-NP
first JJ I-NP
reading NN I-NP
on IN B-PP
third-quarter JJ B-NP
real JJ I-NP
gross JJ I-NP
national JJ I-NP
product NN I-NP
this DT B-NP
week NN I-NP
in IN B-PP
a DT B-NP
report NN I-NP
that WDT B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
disclose VB I-VP
much RB B-NP
tamer JJR I-NP
inflation NN I-NP
. . O

The DT B-NP
consensus NN I-NP
view NN I-NP
on IN B-PP
real JJ B-NP
GNP NNP I-NP
, , O
the DT B-NP
total JJ I-NP
value NN I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
output NN I-NP
of IN B-PP
goods NNS B-NP
and CC I-NP
services NNS I-NP
adjusted VBN B-VP
for IN B-PP
inflation NN B-NP
, , O
calls VBZ B-VP
for IN B-PP
a DT B-NP
2.3 CD I-NP
% NN I-NP
gain NN I-NP
, , O
down RB B-ADVP
from IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
's POS B-NP
2.5 CD I-NP
% NN I-NP
, , O
according VBG B-PP
to TO B-PP
MMS NNP B-NP
International NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
McGraw-Hill NNP B-NP
Inc. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
. . O

But CC O
inflation NN B-NP
, , O
as IN B-SBAR
measured VBN B-VP
by IN B-PP
the DT B-NP
GNP NNP I-NP
deflator NN I-NP
in IN B-PP
Thursday NNP B-NP
's POS B-NP
report NN I-NP
, , O
is VBZ B-VP
expected VBN I-VP
to TO I-VP
rise VB I-VP
only RB B-NP
3.5 CD I-NP
% NN I-NP
, , O
down RB B-ADVP
from IN B-PP
4.6 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
. . O

`` `` O
Inflation NN B-NP
could MD B-VP
be VB I-VP
a DT B-NP
real JJ I-NP
surprise NN I-NP
, , O
'' '' O
said VBD B-VP
Samuel NNP B-NP
D. NNP I-NP
Kahan NNP I-NP
, , O
chief JJ B-NP
financial JJ I-NP
economist NN I-NP
at IN B-PP
Kleinwort NNP B-NP
Benson NNP I-NP
Government NNP I-NP
Securities NNP I-NP
Inc. NNP I-NP
, , O
in IN B-PP
Chicago NNP B-NP
. . O

`` `` O
If IN B-SBAR
that DT B-NP
gets VBZ B-VP
people NNS B-NP
excited VBN B-ADJP
, , O
it PRP B-NP
could MD B-VP
serve VB I-VP
as IN B-PP
an DT B-NP
impetus NN I-NP
to TO B-PP
the DT B-NP
fixed-income NN I-NP
markets NNS I-NP
to TO B-VP
lower JJR I-VP
their PRP$ B-NP
rates NNS I-NP
, , O
'' '' O
he PRP B-NP
added VBD B-VP
. . O

The DT B-NP
week NN I-NP
's POS B-NP
other JJ I-NP
notable JJ I-NP
indicators NNS I-NP
include VBP B-VP
mid-October NNP B-NP
auto NN I-NP
sales NNS I-NP
, , O
September NNP B-NP
durable JJ I-NP
goods NNS I-NP
orders NNS I-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
September NNP B-NP
personal JJ I-NP
income NN I-NP
, , O
personal JJ B-NP
consumption NN I-NP
and CC O
the DT B-NP
saving VBG I-NP
rate NN I-NP
. . O

Most JJS B-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
fall VB I-VP
below IN B-PP
previous-month JJ B-NP
levels NNS I-NP
. . O

Many JJ B-NP
economists NNS I-NP
see VBP B-VP
even RB B-NP
slower JJR I-NP
GNP NNP I-NP
growth NN I-NP
for IN B-PP
the DT B-NP
remainder NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
, , O
with IN B-PP
some DT B-NP
leaning VBG B-VP
more RBR B-ADVP
strongly RB I-ADVP
toward IN B-PP
a DT B-NP
possible JJ I-NP
recession NN I-NP
. . O

In IN B-PP
addition NN B-NP
to TO B-PP
softer JJR B-NP
production NN I-NP
data NNS I-NP
, , O
weaker JJR B-NP
housing NN I-NP
starts VBZ I-NP
and CC O
lower JJR B-NP
corporate JJ I-NP
profits NNS I-NP
currently RB B-ADVP
in IN B-PP
evidence NN B-NP
, , O
some DT B-NP
analysts NNS I-NP
believe VBP B-VP
the DT B-NP
two CD I-NP
recent JJ I-NP
natural JJ I-NP
disasters NNS I-NP
-- : O
Hurricane NNP B-NP
Hugo NNP I-NP
and CC O
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
earthquake NN I-NP
-- : O
will MD B-VP
carry VB I-VP
economic JJ B-NP
ramifications NNS I-NP
in IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
recent JJ I-NP
one-day JJ I-NP
, , I-NP
190-point JJ I-NP
drop NN I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
seems VBZ B-VP
to TO I-VP
be VB I-VP
significant JJ B-ADJP
to TO B-PP
economists NNS B-NP
mainly RB B-ADVP
for IN B-PP
its PRP$ B-NP
tacit JJ I-NP
comment NN I-NP
on IN B-PP
the DT B-NP
poor JJ I-NP
quality NN I-NP
of IN B-PP
third-quarter JJ B-NP
profits NNS I-NP
now RB B-VP
being VBG I-VP
reported VBN I-VP
. . O

`` `` O
The DT B-NP
stock NN I-NP
market NN I-NP
is VBZ B-VP
sick JJ B-ADJP
because IN B-SBAR
profits NNS B-NP
are VBP B-VP
crumbling VBG I-VP
, , O
'' '' O
says VBZ B-VP
Michael NNP B-NP
K. NNP I-NP
Evans NNP I-NP
, , O
president NN B-NP
of IN B-PP
Evans NNP B-NP
Economics NNP I-NP
Inc. NNP I-NP
, , O
Washington NNP B-NP
. . O

The DT B-NP
economy NN I-NP
, , O
he PRP B-NP
noted VBD B-VP
, , O
moves VBZ B-VP
the DT B-NP
market NN I-NP
, , O
not RB B-ADVP
vice NN I-ADVP
versa RB I-ADVP
. . O

On IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
Mr. NNP B-NP
Evans NNP I-NP
expects VBZ B-VP
the DT B-NP
hurricane NN I-NP
and CC O
the DT B-NP
earthquake NN I-NP
`` `` O
to TO B-VP
take VB I-VP
a DT B-NP
hunk NN I-NP
out IN B-PP
of IN B-PP
fourth-quarter JJ B-NP
GNP NNP I-NP
. . O
'' '' O

His PRP$ B-NP
estimate NN I-NP
of IN B-PP
3.3 CD B-NP
% NN I-NP
for IN B-PP
third-quarter JJ B-NP
GNP NNP I-NP
is VBZ B-VP
higher JJR B-ADJP
than IN B-PP
the DT B-NP
consensus NN I-NP
largely RB B-ADVP
because IN B-SBAR
he PRP B-NP
believes VBZ B-VP
current JJ B-NP
inventories NNS I-NP
are VBP B-VP
n't RB O
as RB B-ADJP
low JJ I-ADJP
as IN B-SBAR
official JJ B-NP
figures NNS I-NP
indicate VBP B-VP
. . O

Demand NN B-NP
, , O
he PRP B-NP
believes VBZ B-VP
, , O
is VBZ B-VP
being VBG I-VP
met VBN I-VP
from IN B-PP
overhang NN B-NP
rather RB B-PP
than IN I-PP
new JJ B-NP
production NN I-NP
. . O

By IN B-ADVP
and CC I-ADVP
large JJ I-ADVP
, , O
economists NNS B-NP
believe VBP B-VP
the DT B-NP
two CD I-NP
natural JJ I-NP
catastrophes NNS I-NP
will MD B-VP
limit VB I-VP
economic JJ B-NP
damage NN I-NP
to TO B-PP
their PRP$ B-NP
regions NNS I-NP
. . O

Edward NNP B-NP
J. NNP I-NP
Campbell NNP I-NP
, , O
economist NN B-NP
at IN B-PP
Brown NNP B-NP
Brothers NNP I-NP
Harriman NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
noted VBD B-VP
that IN B-SBAR
large JJ B-NP
increases NNS I-NP
in IN B-PP
construction NN B-NP
activity NN I-NP
along IN B-ADVP
with IN B-PP
government NN B-NP
and CC I-NP
private JJ I-NP
relief NN I-NP
efforts NNS I-NP
could MD B-VP
offset VB I-VP
loss NN B-NP
of IN B-PP
production NN B-NP
in IN B-PP
those DT B-NP
areas NNS I-NP
. . O

Gary NNP B-NP
Ciminero NNP I-NP
, , O
economist NN B-NP
at IN B-PP
Fleet\/Norstar NNP B-NP
Financial NNP I-NP
Group NNP I-NP
, , O
Providence NNP B-NP
, , O
R.I. NNP B-NP
, , O
expects VBZ B-VP
the DT B-NP
deflator NN I-NP
to TO B-VP
rise VB I-VP
3.7 CD B-NP
% NN I-NP
, , O
well RB B-ADVP
below IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
's POS B-NP
4.6 CD I-NP
% NN I-NP
, , O
partly RB B-ADVP
because IN B-PP
of IN I-PP
what WP B-NP
he PRP B-NP
believes VBZ B-VP
will MD B-VP
be VB I-VP
temporarily RB B-NP
better JJR I-NP
price NN I-NP
behavior NN I-NP
. . O

He PRP B-NP
expects VBZ B-VP
real JJ B-NP
GNP NNP I-NP
growth NN I-NP
of IN B-PP
only RB B-NP
2.1 CD I-NP
% NN I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
, , O
noting VBG B-VP
a DT B-NP
wider JJR I-NP
trade NN I-NP
deficit NN I-NP
, , O
slower JJR B-NP
capital NN I-NP
and CC I-NP
government NN I-NP
spending NN I-NP
and CC O
the DT B-NP
lower JJR I-NP
inventory NN I-NP
figures NNS I-NP
. . O

Sung NNP B-NP
Won NNP I-NP
Sohn NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
at IN B-PP
Norwest NNP B-NP
Corp. NNP I-NP
, , O
Minneapolis NNP B-NP
, , O
holds VBZ B-VP
that IN B-SBAR
the DT B-NP
recent JJ I-NP
stock-market NN I-NP
volatility NN I-NP
`` `` O
increases VBZ B-VP
the DT B-NP
possibility NN I-NP
of IN B-PP
economic JJ B-NP
recession NN I-NP
and CC O
reinforces VBZ B-VP
the DT B-NP
bad JJ I-NP
news NN I-NP
'' '' O
from IN B-PP
recent JJ B-NP
trade NN I-NP
deficit NN I-NP
, , I-NP
employment NN I-NP
and CC I-NP
housing NN I-NP
reports NNS I-NP
. . O

The DT B-NP
consensus NN I-NP
calls VBZ B-VP
for IN B-PP
a DT B-NP
0.5 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
September NNP B-NP
personal JJ I-NP
income NN I-NP
and CC O
a DT B-NP
0.3 CD I-NP
% NN I-NP
gain NN I-NP
in IN B-PP
consumption NN B-NP
. . O

In IN B-PP
August NNP B-NP
, , O
personal JJ B-NP
income NN I-NP
rose VBD B-VP
0.4 CD B-NP
% NN I-NP
and CC O
personal JJ B-NP
consumption NN I-NP
increased VBN B-VP
0.9 CD B-NP
% NN I-NP
. . O

Charles NNP B-NP
Lieberman NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
of IN B-PP
financial JJ B-NP
markets NNS I-NP
reasearch NN I-NP
at IN B-PP
Manufacturers NNP B-NP
Hanover NNP I-NP
Securities NNP I-NP
Corp. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
said VBD B-VP
Hurrican NNP B-NP
Hugo NNP I-NP
shaved VBD B-VP
0.1 CD B-NP
% NN I-NP
to TO I-NP
0.2 CD I-NP
% NN I-NP
from IN B-PP
personal-income JJ B-NP
growth NN I-NP
, , O
because IN B-PP
of IN I-PP
greatly RB B-NP
diminished VBN I-NP
rental JJ I-NP
income NN I-NP
from IN B-PP
tourism NN B-NP
. . O

Durable JJ B-NP
goods NNS I-NP
orders NNS I-NP
for IN B-PP
September NNP B-NP
, , O
due JJ B-ADJP
out IN I-ADJP
tomorrow NN B-NP
, , O
are VBP B-VP
expected VBN I-VP
to TO I-VP
show VB I-VP
a DT B-NP
slip NN I-NP
of IN B-PP
1 CD B-NP
% NN I-NP
, , O
compared VBN B-PP
with IN B-PP
August NNP B-NP
's POS B-NP
3.9 CD B-ADJP
% NN I-ADJP
increase NN B-NP
. . O

As IN B-PP
usual JJ B-ADJP
, , O
estimates VBZ B-NP
on IN B-PP
the DT B-NP
fickle JJ I-NP
report NN I-NP
are VBP B-VP
wide JJ B-ADJP
, , O
running VBG B-VP
from IN B-PP
a DT B-NP
drop NN I-NP
of IN B-PP
3.5 CD B-NP
% NN I-NP
to TO B-PP
a DT B-NP
gain NN I-NP
of IN B-PP
1.6 CD B-NP
% NN I-NP
. . O

HASTINGS NNP B-NP
MANUFACTURING NNP I-NP
Co. NNP I-NP
declared VBD B-VP
a DT B-NP
regular JJ I-NP
quarterly JJ I-NP
dividend NN I-NP
of IN B-PP
10 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
and CC O
an DT B-NP
extra JJ I-NP
dividend NN I-NP
of IN B-PP
five CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
on IN B-PP
its PRP$ B-NP
common JJ I-NP
stock NN I-NP
, , O
payable JJ B-ADJP
Dec. NNP B-NP
15 CD I-NP
to TO B-PP
shares NNS B-NP
of IN B-PP
record NN B-NP
Nov. NNP B-NP
17 CD I-NP
. . O

This DT B-NP
is VBZ B-VP
the DT B-NP
11th JJ I-NP
consecutive JJ I-NP
quarter NN I-NP
in IN B-PP
which WDT B-NP
the DT B-NP
company NN I-NP
has VBZ B-VP
paid VBN I-VP
shareholders NNS B-NP
an DT B-NP
extra JJ I-NP
dividend NN I-NP
of IN B-PP
five CD B-NP
cents NNS I-NP
. . O

The DT B-NP
Hastings NNP I-NP
, , I-NP
Mich. NNP I-NP
, , I-NP
concern NN I-NP
makes VBZ B-VP
piston NN B-NP
rings NNS I-NP
, , O
filters NNS B-NP
and CC O
fuel NN B-NP
pumps NNS I-NP
. . O

Vickers NNP B-NP
PLC NNP I-NP
, , O
a DT B-NP
United NNP I-NP
Kingdom NNP I-NP
defense NN I-NP
and CC I-NP
engineering NN I-NP
company NN I-NP
, , O
said VBD B-VP
an DT B-NP
investment NN I-NP
unit NN I-NP
controlled VBN B-VP
by IN B-PP
New NNP B-NP
Zealand NNP I-NP
financier NN I-NP
Ron NNP I-NP
Brierley NNP I-NP
raised VBD B-VP
its PRP$ B-NP
stake NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
Friday NNP B-NP
to TO B-PP
15.02 CD B-NP
% NN I-NP
from IN B-PP
about IN B-NP
14.6 CD I-NP
% NN I-NP
Thursday NNP B-NP
and CC B-PP
from IN B-PP
13.7 CD B-NP
% NN I-NP
the DT B-NP
previous JJ I-NP
week NN I-NP
. . O

I.E.P. NNP B-NP
Securities NNP I-NP
Ltd. NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Mr. NNP B-NP
Brierley NNP I-NP
's POS B-NP
Hong NNP B-ADVP
Kong-based NNP I-ADVP
Industrial NNP B-NP
Equity NNP I-NP
-LRB- ( O
Pacific NNP O
-RRB- ) O
Ltd. NNP B-NP
, , O
boosted VBD B-VP
its PRP$ B-NP
holdings NNS I-NP
in IN B-PP
Vickers NNP B-NP
to TO B-PP
38.8 CD B-NP
million CD I-NP
shares NNS I-NP
. . O

The DT B-NP
latest JJS I-NP
purchase NN I-NP
follows VBZ B-VP
small JJ B-NP
increases NNS I-NP
in IN B-PP
his PRP$ B-NP
holdings NNS I-NP
made VBN B-VP
over IN B-PP
the DT B-NP
past JJ I-NP
five CD I-NP
months NNS I-NP
. . O

In IN B-PP
May NNP B-NP
, , O
Mr. NNP B-NP
Brierley NNP I-NP
's POS B-NP
stake NN I-NP
shrank VBD B-VP
to TO B-PP
8.7 CD B-NP
% NN I-NP
after IN B-SBAR
ranging VBG B-VP
between IN B-PP
9 CD B-NP
% NN I-NP
and CC O
11 CD B-NP
% NN I-NP
for IN B-PP
much NN B-NP
of IN B-PP
the DT B-NP
previous JJ I-NP
year NN I-NP
. . O

`` `` O
Ron NNP B-NP
Brierley NNP I-NP
clearly RB B-ADVP
views VBZ B-VP
our PRP$ B-NP
company NN I-NP
as IN B-PP
a DT B-NP
good JJ I-NP
investment NN I-NP
, , O
'' '' O
a DT B-NP
Vickers NNP I-NP
spokesman NN I-NP
said VBD B-VP
. . O

The DT B-NP
spokesman NN I-NP
refused VBD B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
speculation NN B-NP
that IN B-SBAR
Industrial NNP B-NP
Equity NNP I-NP
might MD B-VP
use VB I-VP
its PRP$ B-NP
interest NN I-NP
as IN B-PP
a DT B-NP
platform NN I-NP
to TO B-VP
launch VB I-VP
a DT B-NP
hostile JJ I-NP
bid NN I-NP
for IN B-PP
the DT B-NP
company NN I-NP
. . O

Vickers NNP B-NP
makes VBZ B-VP
tanks NNS B-NP
for IN B-PP
the DT B-NP
U.K. NNP I-NP
army NN I-NP
, , O
Rolls NNP B-NP
Royce NNP I-NP
cars NNS I-NP
, , O
and CC O
has VBZ B-VP
marine NN B-NP
and CC I-NP
medical JJ I-NP
businesses NNS I-NP
. . O

When WRB B-ADVP
Rune NNP B-NP
Andersson NNP I-NP
set VBD B-VP
out IN B-PRT
to TO B-VP
revive VB I-VP
flagging JJ B-NP
Swedish JJ I-NP
conglomerate NN I-NP
Trelleborg NNP I-NP
AB NNP I-NP
in IN B-PP
the DT B-NP
early JJ I-NP
1980s CD I-NP
, , O
he PRP B-NP
spurned VBD B-VP
the DT B-NP
advice NN I-NP
of IN B-PP
trendy JJ B-NP
management NN I-NP
consultants NNS I-NP
. . O

`` `` O
All DT B-NP
these DT I-NP
consultants NNS I-NP
kept VBD B-VP
coming VBG I-VP
around IN B-PRT
telling VBG B-VP
us PRP B-NP
we PRP B-NP
should MD B-VP
concentrate VB I-VP
on IN B-PP
high JJ B-NP
technology NN I-NP
, , O
electronics NNS B-NP
or CC O
biotechnology NN B-NP
, , O
and CC O
get VB B-VP
out IN B-ADVP
of IN B-PP
mature JJ B-NP
basic JJ I-NP
industries NNS I-NP
, , O
'' '' O
Mr. NNP B-NP
Andersson NNP I-NP
recalls VBZ B-VP
. . O

Yet RB O
under IN B-PP
its PRP$ B-NP
45-year-old JJ I-NP
president NN I-NP
, , O
Trelleborg NNP B-NP
moved VBD B-VP
aggressively RB B-ADVP
into IN B-PP
those DT B-NP
unfashionable JJ I-NP
base NN I-NP
industries NNS I-NP
-- : O
first JJ B-ADVP
strengthening VBG B-VP
its PRP$ B-NP
existing VBG I-NP
rubber NN I-NP
and CC I-NP
plastics NNS I-NP
division NN I-NP
, , O
later RB B-VP
adding VBG I-VP
mining NN B-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
building NN B-NP
and CC I-NP
construction NN I-NP
materials NNS I-NP
. . O

It PRP B-NP
was VBD B-VP
a DT B-NP
gutsy JJ I-NP
move NN I-NP
for IN B-PP
a DT B-NP
little-known JJ I-NP
executive NN I-NP
, , O
fired VBN B-VP
after IN B-PP
only RB B-NP
two CD I-NP
months NNS I-NP
as IN B-PP
president NN B-NP
of IN B-PP
his PRP$ B-NP
previous JJ I-NP
company NN I-NP
. . O

But CC O
going VBG B-VP
against IN B-PP
the DT B-NP
grain NN I-NP
has VBZ B-VP
never RB I-VP
bothered VBN I-VP
Mr. NNP B-NP
Andersson NNP I-NP
. . O

Stroking VBG B-VP
his PRP$ B-NP
trademark NN I-NP
white JJ I-NP
goatee NN I-NP
during IN B-PP
a DT B-NP
recent JJ I-NP
interview NN I-NP
, , O
the DT B-NP
diminutive JJ I-NP
Swede NN I-NP
quips VBZ B-VP
: : O
`` `` O
It PRP B-NP
turned VBD B-VP
out IN B-PRT
to TO B-VP
be VB I-VP
lucky JJ B-ADJP
for IN B-PP
us PRP B-NP
. . O

If IN B-SBAR
the DT B-NP
whole JJ I-NP
market NN I-NP
thinks VBZ B-VP
what WP B-NP
you PRP B-NP
're VBP B-VP
doing VBG I-VP
is VBZ B-VP
crazy JJ B-ADJP
you PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
much JJ B-NP
competition NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Andersson NNP I-NP
is VBZ B-VP
anxious JJ B-ADJP
to TO B-VP
strengthen VB I-VP
Trelleborg NNP B-NP
's POS B-NP
balance NN I-NP
sheet NN I-NP
. . O

Characteristically RB B-ADVP
, , O
he PRP B-NP
did VBD B-VP
n't RB I-VP
waste VB I-VP
much JJ B-NP
time NN I-NP
getting VBG B-VP
started VBN I-VP
. . O

On IN B-PP
Tuesday NNP B-NP
, , O
Trelleborg NNP B-NP
's POS B-NP
directors NNS I-NP
announced VBD B-VP
plans NNS B-NP
to TO B-VP
spin VB I-VP
off IN B-PRT
two CD B-NP
big JJ I-NP
divisions NNS I-NP
-- : O
minerals NNS B-NP
processing NN I-NP
, , O
and CC O
building NN B-NP
and CC I-NP
distribution NN I-NP
-- : O
as IN B-PP
separately RB B-NP
quoted VBN I-NP
companies NNS I-NP
on IN B-PP
Stockholm NNP B-NP
's POS B-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

At IN B-PP
current JJ B-NP
market NN I-NP
prices NNS I-NP
, , O
the DT B-NP
twin JJ I-NP
public JJ I-NP
offerings NNS I-NP
to TO B-VP
be VB I-VP
completed VBN I-VP
next JJ B-NP
year NN I-NP
would MD B-VP
add VB I-VP
an DT B-NP
estimated VBN I-NP
2.5 CD I-NP
billion CD I-NP
Swedish JJ I-NP
kronor NNS I-NP
-LRB- ( O
$ $ B-NP
386 CD I-NP
million CD I-NP
-RRB- ) O
to TO B-PP
Trelleborg NNP B-NP
's POS B-NP
coffers NNS I-NP
, , O
analysts NNS B-NP
say VBP B-VP
. . O

The DT B-NP
board NN I-NP
had VBD B-VP
also RB I-VP
been VBN I-VP
expected VBN I-VP
to TO I-VP
approve VB I-VP
a DT B-NP
SKr1.5 NNS I-NP
billion CD I-NP
international JJ I-NP
offering NN I-NP
of IN B-PP
new JJ B-NP
Trelleborg NNP I-NP
shares NNS I-NP
. . O

But CC O
that DT B-NP
share NN I-NP
issue NN I-NP
-- : O
intended VBN B-VP
to TO I-VP
make VB I-VP
Trelleborg NNP B-NP
better RBR B-ADJP
known VBN I-ADJP
among IN B-PP
international JJ B-NP
investors NNS I-NP
-- : O
was VBD B-VP
postponed VBN I-VP
until IN B-SBAR
market NN B-NP
conditions NNS I-NP
stabilize VBP B-VP
, , O
people NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
situation NN I-NP
say VBP B-VP
. . O

Trelleborg NNP B-NP
's POS B-NP
internationally RB B-ADJP
traded VBN I-ADJP
`` `` B-NP
Bfree NNP I-NP
'' '' I-NP
series NN I-NP
stock NN I-NP
plunged VBD B-VP
SKr29 NNS B-NP
-LRB- ( O
$ $ B-NP
4.48 CD I-NP
-RRB- ) O
to TO B-PP
SKr205 NNS B-NP
-LRB- ( O
$ $ B-NP
31.65 CD I-NP
-RRB- ) O
in IN B-PP
volatile JJ B-NP
trading NN I-NP
Monday NNP B-NP
in IN B-PP
Stockholm NNP B-NP
. . O

Tuesday NNP B-NP
, , O
the DT B-NP
shares NNS I-NP
regained VBD B-VP
SKr20 NNS B-NP
, , O
closing VBG B-VP
at IN B-PP
SKr225 NNS B-NP
. . O

Mr. NNP B-NP
Andersson NNP I-NP
says VBZ B-VP
he PRP B-NP
is VBZ B-VP
confident JJ B-ADJP
that IN B-SBAR
taking VBG B-VP
parts NNS B-NP
of IN B-PP
the DT B-NP
company NN I-NP
public NN B-ADJP
will MD B-VP
help VB I-VP
erase VB I-VP
the DT B-NP
`` `` I-NP
conglomerate NN I-NP
stigma NN I-NP
'' '' O
that WDT B-NP
has VBZ B-VP
held VBN I-VP
down RB B-PRT
Trelleborg NNP B-NP
's POS B-NP
share NN I-NP
price NN I-NP
. . O

Trelleborg NNP B-NP
plans VBZ B-VP
to TO I-VP
remain VB I-VP
the DT B-NP
dominant JJ I-NP
shareholder NN I-NP
with IN B-PP
stakes NNS B-NP
of IN B-PP
slightly RB B-NP
less JJR I-NP
than IN B-PP
50 CD B-NP
% NN I-NP
of IN B-PP
both DT B-NP
units NNS I-NP
. . O

The DT B-NP
spinoff NN I-NP
should MD B-VP
solve VB I-VP
a DT B-NP
problem NN I-NP
for IN B-PP
the DT B-NP
parent NN I-NP
. . O

A DT B-NP
family NN I-NP
foundation NN I-NP
set VBN B-VP
up IN B-PRT
by IN B-PP
late JJ B-NP
founder NN I-NP
Henry NNP I-NP
Dunker NNP I-NP
controls NNS B-VP
59 CD B-NP
% NN I-NP
of IN B-PP
Trelleborg NNP B-NP
's POS B-NP
voting NN I-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

But CC O
the DT B-NP
foundation NN I-NP
bylaws NNS I-NP
require VBP B-VP
the DT B-NP
entire JJ I-NP
Trelleborg NNP I-NP
stake NN I-NP
to TO B-VP
be VB I-VP
sold VBN I-VP
in IN B-PP
the DT B-NP
open JJ I-NP
market NN I-NP
if IN B-SBAR
control NN B-NP
drops VBZ B-VP
below IN B-PP
50 CD B-NP
% NN I-NP
. . O

That DT B-NP
possibility NN I-NP
had VBD B-VP
crept VBN I-VP
closer RBR B-ADVP
as IN B-SBAR
repeated VBN B-NP
new JJ I-NP
share NN I-NP
offerings NNS I-NP
to TO B-VP
finance VB I-VP
Trelleborg NNP B-NP
's POS B-NP
rapid JJ I-NP
growth NN I-NP
steadily RB B-ADVP
diluted VBD B-VP
the DT B-NP
foundation NN I-NP
's POS B-NP
holding VBG I-NP
. . O

That DT B-NP
growth NN I-NP
is VBZ B-VP
the DT B-NP
result NN I-NP
of IN B-PP
Mr. NNP B-NP
Andersson NNP I-NP
's POS B-NP
shopping NN I-NP
spree NN I-NP
, , O
during IN B-PP
which WDT B-NP
he PRP B-NP
has VBZ B-VP
bought VBN I-VP
and CC I-VP
sold VBN I-VP
more JJR B-NP
than IN I-NP
100 CD I-NP
companies NNS I-NP
during IN B-PP
the DT B-NP
past JJ I-NP
five CD I-NP
years NNS I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
new JJ I-NP
additions NNS I-NP
were VBD B-VP
barely RB B-ADJP
profitable JJ I-ADJP
, , O
if IN B-CONJP
not RB I-CONJP
outright JJ B-NP
loss NN I-NP
makers NNS I-NP
. . O

Applying VBG B-VP
prowess NN B-NP
gained VBD B-VP
during IN B-PP
earlier JJR B-NP
stints NNS I-NP
at IN B-PP
appliance NN B-NP
maker NN I-NP
AB NNP I-NP
Electrolux NNP I-NP
, , O
Mr. NNP B-NP
Andersson NNP I-NP
and CC O
a DT B-NP
handful NN I-NP
of IN B-PP
loyal JJ B-NP
lieutenants NNS I-NP
aggressively RB B-VP
stripped VBN I-VP
away RB B-ADVP
dead JJ B-NP
wood NN I-NP
-- : O
and CC O
got VBD B-VP
quick JJ B-NP
results NNS I-NP
. . O

The DT B-NP
treatment NN I-NP
turned VBD B-VP
Trelleborg NNP B-NP
into IN B-PP
one CD B-NP
of IN B-PP
Scandinavia NNP B-NP
's POS B-NP
biggest JJS B-ADJP
and CC I-ADJP
fastest-growing JJ I-ADJP
industrial JJ B-NP
concerns NNS I-NP
. . O

Between IN B-PP
1985 CD B-NP
and CC I-NP
1988 CD I-NP
, , O
sales NNS B-NP
multipled VBD B-VP
more JJR B-ADVP
than IN I-ADVP
10 CD I-ADVP
times NNS I-ADVP
and CC O
pretax JJ B-NP
profit NN I-NP
surged VBD B-VP
almost RB B-ADVP
twelvefold JJ I-ADVP
. . O

Many JJ B-NP
analysts NNS I-NP
expect VBP B-VP
Mr. NNP B-NP
Andersson NNP I-NP
, , O
who WP B-NP
owns VBZ B-VP
1.7 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
, , O
to TO B-VP
be VB I-VP
named VBN I-VP
Trelleborg NNP B-NP
's POS B-NP
new JJ I-NP
chairman NN I-NP
when WRB B-ADVP
Ernst NNP B-NP
Herslow NNP I-NP
steps NNS B-VP
down RB B-ADVP
next JJ B-NP
year NN I-NP
. . O

But CC O
the DT B-NP
promotion NN I-NP
is VBZ B-VP
n't RB O
likely JJ B-ADJP
to TO B-VP
alter VB I-VP
a DT B-NP
management NN I-NP
style NN I-NP
Mr. NNP B-NP
Andersson NNP I-NP
describes VBZ B-VP
as IN B-PP
`` `` O
being VBG B-VP
the DT B-NP
driving VBG I-NP
force NN I-NP
leading VBG B-VP
the DT B-NP
troops NNS I-NP
, , O
not RB O
managing VBG B-VP
by IN B-PP
sitting VBG B-VP
back RB B-ADVP
with IN B-PP
a DT B-NP
cigar NN I-NP
waiting VBG B-VP
for IN B-SBAR
people NNS B-NP
to TO B-VP
bring VB I-VP
me PRP B-NP
ideas NNS B-NP
. . O
'' '' O

Last JJ B-NP
month NN I-NP
, , O
in IN B-PP
his PRP$ B-NP
boldest JJS I-NP
move NN I-NP
yet RB B-ADVP
, , O
Mr. NNP B-NP
Andersson NNP I-NP
and CC O
Trelleborg NNP B-NP
joined VBD B-VP
forces NNS B-NP
with IN B-PP
Canada NNP B-NP
's POS B-NP
Noranda NNP I-NP
Inc. NNP I-NP
in IN B-PP
a DT B-NP
joint JJ I-NP
$ $ I-NP
2 CD I-NP
billion CD I-NP
hostile JJ I-NP
takeover NN I-NP
of IN B-PP
another DT B-NP
big JJ I-NP
Canadian JJ I-NP
mining NN I-NP
concern NN I-NP
, , O
Falconbridge NNP B-NP
Ltd NNP I-NP
. . O

Industry NN B-NP
analysts NNS I-NP
suggest VBP B-VP
that IN B-SBAR
the DT B-NP
conquest NN I-NP
of IN B-PP
Falconbridge NNP B-NP
could MD B-VP
vault VB I-VP
Trelleborg NNP B-NP
from IN B-PP
a DT B-NP
regional JJ I-NP
Scandinavian NNP I-NP
success NN I-NP
story NN I-NP
to TO B-PP
a DT B-NP
world-class JJ I-NP
mining NN I-NP
concern NN I-NP
. . O

`` `` O
Trelleborg NNP B-NP
is VBZ B-VP
n't RB O
in IN B-PP
the DT B-NP
same JJ I-NP
league NN I-NP
yet RB B-ADVP
as IN B-PP
mining NN B-NP
giants NNS I-NP
such JJ B-PP
as IN I-PP
RTZ NNP B-NP
Corp. NNP I-NP
or CC O
Anglo-American NNP B-NP
Corp. NNP I-NP
, , O
'' '' O
says VBZ B-VP
Mike NNP B-NP
Kurtanjek NNP I-NP
, , O
a DT B-NP
mining NN I-NP
analyst NN I-NP
at IN B-PP
James NNP B-NP
Capel NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
London NNP B-NP
. . O

`` `` O
But CC O
we PRP B-NP
certainly RB B-ADVP
like IN B-VP
what WP B-NP
we PRP B-NP
've VBP B-VP
seen VBN I-VP
so RB B-ADVP
far RB I-ADVP
. . O
'' '' O

But CC O
Trelleborg NNP B-NP
still RB B-ADVP
must MD B-VP
clear VB I-VP
some DT B-NP
tough JJ I-NP
hurdles NNS I-NP
. . O

Mr. NNP B-NP
Andersson NNP I-NP
acknowledges VBZ B-VP
that IN B-SBAR
the DT B-NP
company NN I-NP
's POS B-NP
mining NN I-NP
division NN I-NP
`` `` O
will MD B-VP
be VB I-VP
busy JJ B-ADJP
for IN B-PP
a DT B-NP
while NN I-NP
digesting VBG B-VP
its PRP$ B-NP
recent JJ I-NP
expansion NN I-NP
. . O
'' '' O

Booming JJ B-NP
metals NNS I-NP
prices NNS I-NP
have VBP B-VP
fueled VBN I-VP
Trelleborg NNP B-NP
's POS B-NP
recent JJ I-NP
profit NN I-NP
surge NN I-NP
, , O
raising VBG B-VP
mining NN B-NP
's POS B-NP
share NN I-NP
of IN B-PP
pretax JJ B-NP
profit NN I-NP
to TO B-PP
68 CD B-NP
% NN I-NP
this DT B-NP
year NN I-NP
from IN B-PP
a DT B-NP
big JJ I-NP
loss NN I-NP
two CD B-NP
years NNS I-NP
earlier RBR B-ADVP
. . O

But CC O
analysts NNS B-NP
caution VBP B-VP
an DT B-NP
expected VBN I-NP
fall NN I-NP
in IN B-PP
metal NN B-NP
prices NNS I-NP
next JJ B-NP
year NN I-NP
could MD B-VP
slow VB I-VP
profit NN B-NP
growth NN I-NP
. . O

Mining NNP B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
remain VB I-VP
Trelleborg NNP B-NP
's POS B-NP
main JJ I-NP
business NN I-NP
. . O

Analysts NNS B-NP
say VBP B-VP
its PRP$ B-NP
chances NNS I-NP
of IN B-PP
success NN B-NP
will MD B-VP
likely RB I-VP
hinge NN I-VP
on IN B-PP
how WRB B-ADVP
well RB I-ADVP
Trelleborg NNP B-NP
manages VBZ B-VP
to TO I-VP
cooperate VB I-VP
with IN B-PP
Noranda NNP B-NP
in IN B-PP
the DT B-NP
Falconbridge NNP I-NP
venture NN I-NP
. . O

Noranda NNP B-NP
and CC I-NP
Trelleborg NNP I-NP
each DT O
came VBD B-VP
close RB B-ADJP
to TO B-PP
winning VBG B-VP
Falconbridge NNP B-NP
alone RB B-ADVP
before IN B-PP
the DT B-NP
successful JJ I-NP
joint JJ I-NP
bid NN I-NP
. . O

Some DT B-NP
analysts NNS I-NP
say VBP B-VP
Noranda NNP B-NP
would MD B-VP
prefer VB I-VP
to TO I-VP
break VB I-VP
up IN B-PRT
Falconbridge NNP B-NP
, , O
and CC O
that IN B-SBAR
the DT B-NP
Swedes NNPS I-NP
-- : O
relatively RB B-ADJP
inexperienced JJ I-ADJP
in IN B-PP
international JJ B-NP
mining NN I-NP
operations NNS I-NP
-- : O
could MD B-VP
have VB I-VP
problems NNS B-NP
holding VBG B-VP
their PRP$ B-NP
own JJ I-NP
with IN B-PP
a DT B-NP
much RB I-NP
bigger JJR I-NP
partner NN I-NP
like IN B-PP
Noranda NNP B-NP
operating VBG B-VP
on IN B-PP
its PRP$ B-NP
home NN I-NP
turf NN I-NP
. . O

Mr. NNP B-NP
Andersson NNP I-NP
insists VBZ B-VP
that IN B-SBAR
Trelleborg NNP B-NP
and CC I-NP
Noranda NNP I-NP
have VBP B-VP
n't RB I-VP
discussed VBN I-VP
a DT B-NP
Falconbridge NNP I-NP
break-up NN I-NP
. . O

Falconbridge NNP B-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
will MD B-VP
continue VB I-VP
operating VBG I-VP
in IN B-PP
its PRP$ B-NP
current JJ I-NP
form NN I-NP
. . O

`` `` O
We PRP B-NP
'd MD B-VP
be VB I-VP
reluctant JJ B-ADJP
to TO B-VP
accept VB I-VP
50-50 JJ B-NP
ownership NN I-NP
in IN B-PP
a DT B-NP
manufacturing NN I-NP
company NN I-NP
. . O

But CC O
such JJ B-NP
partnerships NNS I-NP
are VBP B-VP
common JJ B-ADJP
in IN B-PP
mining NN B-NP
, , O
where WRB B-ADVP
there EX B-NP
are VBP B-VP
n't RB O
problems NNS B-NP
or CC O
conflict NN B-NP
of IN B-PP
interest NN B-NP
or CC O
risk NN B-NP
of IN B-PP
cheating NN B-NP
by IN B-PP
a DT B-NP
partner NN I-NP
, , O
'' '' O
Trelleborg NNP B-NP
's POS B-NP
president NN I-NP
says NNS B-VP
. . O

Perhaps RB B-ADJP
more RBR I-ADJP
important JJ I-ADJP
, , O
both DT B-NP
companies NNS I-NP
share VBP B-VP
Mr. NNP B-NP
Andersson NNP I-NP
's POS B-NP
belief NN I-NP
in IN B-PP
the DT B-NP
coming VBG I-NP
renaissance NN I-NP
of IN B-PP
base NN B-NP
industries NNS I-NP
. . O

`` `` O
If IN B-SBAR
the DT B-NP
1980s CD I-NP
were VBD B-VP
a DT B-NP
decade NN I-NP
of IN B-PP
consumption NN B-NP
, , O
the DT B-NP
'90s NNS I-NP
will MD B-VP
be VB I-VP
the DT B-NP
investment NN I-NP
decade NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Andersson NNP I-NP
says VBZ B-VP
. . O

`` `` O
The DT B-NP
whole NN I-NP
of IN B-PP
Europe NNP B-NP
and CC O
the DT B-NP
industrialized VBN I-NP
world NN I-NP
is VBZ B-VP
suffering VBG I-VP
from IN B-PP
a DT B-NP
breakdown NN I-NP
in IN B-PP
infrastructure NN B-NP
investment NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
That DT B-NP
's VBZ B-VP
beginning VBG I-VP
to TO I-VP
change VB I-VP
. . O

And CC O
investment NN B-NP
is VBZ B-VP
the DT B-NP
key JJ I-NP
word NN I-NP
for IN B-PP
base NN B-NP
metals NNS I-NP
, , O
and CC O
most RBS B-NP
other JJ I-NP
businesses NNS I-NP
Trelleborg NNP B-NP
is VBZ B-VP
in RB B-PP
. . O

Apple NNP B-NP
Computer NNP I-NP
Inc. NNP I-NP
posted VBD B-VP
improved VBN B-NP
fiscal JJ I-NP
fourth-quarter JJ I-NP
profit NN I-NP
due JJ B-ADVP
largely RB I-ADVP
to TO B-PP
a DT B-NP
$ $ I-NP
48 CD I-NP
million CD I-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
stock NN I-NP
in IN B-PP
Adobe NNP B-NP
Systems NNP I-NP
Inc NNP I-NP
. . O

Excluding VBG B-PP
the DT B-NP
gain NN I-NP
, , O
the DT B-NP
company NN I-NP
registered VBD B-VP
a DT B-NP
modest JJ I-NP
4.6 CD I-NP
% NN I-NP
increase NN I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
29 CD I-NP
to TO B-PP
$ $ B-NP
113 CD I-NP
million CD I-NP
, , O
or CC O
87 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
the DT B-NP
year-earlier JJ I-NP
$ $ I-NP
107.9 CD I-NP
million CD I-NP
, , O
or CC O
84 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Proceeds NNS B-NP
of IN B-PP
the DT B-NP
Adobe NNP I-NP
sale NN I-NP
brought VBD B-VP
net JJ B-NP
income NN I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
to TO B-PP
$ $ B-NP
161.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.24 CD I-NP
a DT B-NP
share NN I-NP
. . O

Apple NN B-NP
shares NNS I-NP
fell VBD B-VP
75 CD B-NP
cents NNS I-NP
in IN B-PP
over-the-counter JJ B-NP
trading NN I-NP
to TO B-VP
close VB I-VP
at IN B-PP
$ $ B-NP
48 CD I-NP
a DT B-NP
share NN I-NP
. . O

Fiscal JJ B-NP
fourth-quarter JJ I-NP
sales NNS I-NP
grew VBD B-VP
about IN B-NP
18 CD I-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.38 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.17 CD I-NP
billion CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Without IN B-PP
the DT B-NP
Adobe NNP I-NP
gain NN I-NP
, , O
Apple NNP B-NP
's POS B-NP
full-year JJ I-NP
operating NN I-NP
profit NN I-NP
edged VBD B-VP
up IN B-ADVP
1.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
406 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.16 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
400.3 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.08 CD I-NP
a DT B-NP
share NN I-NP
. . O

Including VBG B-PP
the DT B-NP
Adobe NNP I-NP
gain NN I-NP
, , O
full-year JJ B-NP
net NN I-NP
was VBD B-VP
$ $ B-NP
454 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.53 CD I-NP
a DT B-NP
share NN I-NP
. . O

Sales NNS B-NP
for IN B-PP
the DT B-NP
year NN I-NP
rose VBD B-VP
nearly RB B-NP
30 CD I-NP
% NN I-NP
to TO B-PP
$ $ B-NP
5.28 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
4.07 CD I-NP
billion CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

John NNP B-NP
Sculley NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
, , O
credited VBD B-VP
the DT B-NP
Macintosh NNP I-NP
SE\/30 NNP I-NP
and CC I-NP
IIcx NNP I-NP
computers NNS I-NP
, , O
introduced VBN B-VP
in IN B-PP
the DT B-NP
winter NN I-NP
, , O
for IN B-PP
the DT B-NP
brightened VBN I-NP
sales NNS I-NP
performance NN I-NP
. . O

Mr. NNP B-NP
Sculley NNP I-NP
also RB B-ADVP
indicated VBD B-VP
that IN B-SBAR
sagging VBG B-NP
margins NNS I-NP
, , O
which WDT B-NP
dogged VBD B-VP
the DT B-NP
company NN I-NP
through IN B-PP
most RBS B-NP
of IN B-PP
1989 CD B-NP
, , O
began VBD B-VP
to TO I-VP
turn VB I-VP
up IN B-PRT
in IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
as IN B-SBAR
chip NN B-NP
prices NNS I-NP
eased VBD B-VP
. . O

`` `` O
Adverse JJ B-NP
pressure NN I-NP
on IN B-PP
gross JJ B-NP
margins NNS I-NP
... : O
has VBZ B-VP
subsided VBN I-VP
, , O
'' '' O
Mr. NNP B-NP
Sculley NNP I-NP
said VBD B-VP
. . O

Margins NNS B-NP
in IN B-PP
the DT B-NP
fiscal JJ I-NP
fourth JJ I-NP
quarter NN I-NP
perked VBD B-VP
up IN B-PRT
, , O
rising VBG B-VP
to TO B-PP
51 CD B-NP
% NN I-NP
from IN B-PP
49.2 CD B-NP
% NN I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

For IN B-PP
all DT B-NP
of IN B-PP
fiscal JJ B-NP
1989 CD I-NP
, , O
however RB B-ADVP
, , O
the DT B-NP
average JJ I-NP
gross JJ I-NP
margin NN I-NP
was VBD B-VP
49 CD B-NP
% NN I-NP
, , O
below IN B-PP
the DT B-NP
average JJ I-NP
1988 CD I-NP
gross JJ I-NP
margin NN I-NP
of IN B-PP
51 CD B-NP
% NN I-NP
. . O

Lower JJR B-NP
component NN I-NP
costs NNS I-NP
-- : O
especially RB B-ADVP
for IN B-PP
DRAMs NNS B-NP
, , O
or CC O
dynamic JJ B-NP
random JJ I-NP
access NN I-NP
memory NN I-NP
chips NNS I-NP
-- : O
were VBD B-VP
cited VBN I-VP
for IN B-PP
the DT B-NP
easing NN I-NP
of IN B-PP
margin NN B-NP
pressure NN I-NP
on IN B-PP
the DT B-NP
company NN I-NP
, , O
a DT B-NP
spokeswoman NN I-NP
said VBD B-VP
. . O

Looking VBG B-VP
ahead RB B-ADVP
to TO B-PP
1990 CD B-NP
, , O
Mr. NNP B-NP
Sculley NNP I-NP
predicted VBD B-VP
`` `` O
another DT B-NP
year NN I-NP
of IN B-PP
significant JJ B-NP
revenue NN I-NP
growth NN I-NP
, , O
'' '' O
along IN B-ADVP
with IN B-PP
improved VBN B-NP
profitability NN I-NP
, , O
as IN B-SBAR
the DT B-NP
recovery NN I-NP
in IN B-PP
gross JJ B-NP
margins NNS I-NP
continues VBZ B-VP
into IN B-PP
1990 CD B-NP
. . O

Gary NNP B-NP
J. NNP I-NP
Schantz NNP I-NP
, , O
44 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
was VBD B-VP
named VBN I-VP
president NN B-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
. . O

Polymerix NNP B-NP
makes VBZ B-VP
lumber-like JJ B-NP
materials NNS I-NP
that IN B-NP
it PRP B-NP
describes VBZ B-VP
as IN B-PP
`` `` O
plastic NN B-NP
wood NN I-NP
. . O
'' '' O

The DT B-NP
operating VBG I-NP
chief NN I-NP
's POS B-NP
post NN I-NP
is VBZ B-VP
new JJ B-ADJP
. . O

Martin NNP B-NP
Schrager NNP I-NP
, , O
51 CD B-NP
, , O
who WP B-NP
had VBD B-VP
been VBN I-VP
president NN B-NP
, , O
was VBD B-VP
named VBN I-VP
vice NN B-NP
chairman NN I-NP
. . O

He PRP B-NP
remains VBZ B-VP
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
. . O

Mr. NNP B-NP
Schantz NNP I-NP
was VBD B-VP
vice NN B-NP
president NN I-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
of IN B-PP
the DT B-NP
Acrylic NNP I-NP
division NN I-NP
of IN B-PP
Polycast NNP B-NP
Technology NNP I-NP
Corp NNP I-NP
. . O

Separately RB B-ADVP
, , O
the DT B-NP
board NN I-NP
expanded VBN B-VP
to TO B-PP
six CD B-NP
members NNS I-NP
with IN B-PP
the DT B-NP
election NN I-NP
of IN B-PP
David NNP B-NP
L. NNP I-NP
Holewinski NNP I-NP
, , O
a DT B-NP
consultant NN I-NP
. . O

The DT B-NP
company NN I-NP
also RB B-ADVP
said VBD B-VP
it PRP B-NP
privately RB B-ADVP
placed VBD B-VP
stock NN B-NP
and CC I-NP
warrants NNS I-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
$ $ B-NP
750,000 CD I-NP
. . O

Terry NNP B-NP
L. NNP I-NP
Haines NNP I-NP
, , B-NP
formerly RB I-NP
general JJ B-NP
manager NN I-NP
of IN B-PP
Canadian JJ B-NP
operations NNS I-NP
, , O
was VBD B-VP
elected VBN I-VP
to TO B-PP
the DT B-NP
new JJ I-NP
position NN I-NP
of IN B-PP
vice NN B-NP
president NN I-NP
, , O
North NNP B-NP
American JJ I-NP
sales NNS I-NP
, , O
of IN B-PP
this DT B-NP
plastics NNS I-NP
concern VBP I-NP
. . O

Also RB B-ADVP
, , O
Larry NNP B-NP
A. NNP I-NP
Kushkin NNP I-NP
, , O
executive JJ B-NP
vice NN I-NP
president NN I-NP
, , O
North NNP B-NP
American JJ I-NP
operations NNS I-NP
, , O
was VBD B-VP
named VBN I-VP
head NN B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
international JJ I-NP
automotive JJ I-NP
operations NNS I-NP
, , O
another DT B-NP
new JJ I-NP
position NN I-NP
. . O

He PRP B-NP
remains VBZ B-VP
an DT B-NP
executive JJ I-NP
vice NN I-NP
president NN I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
, , O
and CC O
his PRP$ B-NP
new JJ I-NP
position NN I-NP
reflects VBZ B-VP
`` `` O
the DT B-NP
growing VBG I-NP
importance NN I-NP
of IN B-PP
the DT B-NP
world NN I-NP
automotive JJ I-NP
market NN I-NP
as IN B-PP
a DT B-NP
market NN I-NP
for IN B-PP
A. NNP B-NP
Schulman NNP I-NP
's POS B-NP
high JJ I-NP
performance NN I-NP
plastic NN I-NP
materials NNS I-NP
. . O
'' '' O

Gordon NNP B-NP
Trimmer NNP I-NP
will MD B-VP
succeed VB I-VP
Mr. NNP B-NP
Haines NNP I-NP
as IN B-PP
manager NN B-NP
of IN B-PP
Canadian JJ B-NP
operations NNS I-NP
, , O
and CC O
Mr. NNP B-NP
Kushkin NNP I-NP
's POS B-NP
former JJ I-NP
position NN I-NP
is VBZ B-VP
n't RB I-VP
being VBG I-VP
filled VBN I-VP
at IN B-PP
this DT B-NP
time NN I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

General NNP B-NP
Electric NNP I-NP
Co. NNP I-NP
said VBD B-VP
it PRP B-NP
signed VBD B-VP
a DT B-NP
contract NN I-NP
with IN B-PP
the DT B-NP
developers NNS I-NP
of IN B-PP
the DT B-NP
Ocean NNP I-NP
State NNP I-NP
Power NNP I-NP
project NN I-NP
for IN B-PP
the DT B-NP
second JJ I-NP
phase NN I-NP
of IN B-PP
an DT B-NP
independent JJ I-NP
$ $ I-NP
400 CD I-NP
million CD I-NP
power NN I-NP
plant NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
being VBG I-VP
built VBN I-VP
in IN B-PP
Burrillville NNP B-NP
, , O
R.I NNP B-NP
. . O

GE NNP B-NP
, , O
along IN B-ADVP
with IN B-PP
a DT B-NP
division NN I-NP
of IN B-PP
Ebasco NNP B-NP
, , O
a DT B-NP
subsidiary NN I-NP
of IN B-PP
Enserch NNP B-NP
Corp. NNP I-NP
, , O
have VBP B-VP
been VBN I-VP
building VBG I-VP
the DT B-NP
first JJ I-NP
250-megawatt JJ I-NP
phase NN I-NP
of IN B-PP
the DT B-NP
project NN I-NP
, , O
which WDT B-NP
they PRP B-NP
expect VBP B-VP
to TO I-VP
complete VB I-VP
in IN B-PP
late JJ B-NP
1990 CD I-NP
. . O

The DT B-NP
second JJ I-NP
portion NN I-NP
will MD B-VP
be VB I-VP
completed VBN I-VP
the DT B-NP
following VBG I-NP
year NN I-NP
. . O

GE NNP B-NP
's POS B-NP
Power NNP I-NP
Generation NNP I-NP
subsidiary NN I-NP
will MD B-VP
operate VB I-VP
and CC I-VP
maintain VB I-VP
the DT B-NP
plant NN I-NP
upon IN B-PP
its PRP$ B-NP
completion NN I-NP
. . O

The DT B-NP
Environmental NNP I-NP
Protection NNP I-NP
Agency NNP I-NP
is VBZ B-VP
getting VBG I-VP
a DT B-NP
lot NN I-NP
out IN B-PP
of IN B-PP
the DT B-NP
Superfund NNP I-NP
program NN I-NP
. . O

Of IN B-PP
the DT B-NP
$ $ I-NP
4.4 CD I-NP
billion CD I-NP
spent VBD B-VP
so RB B-ADVP
far RB I-ADVP
on IN B-PP
the DT B-NP
program NN I-NP
, , O
60 CD B-NP
% NN I-NP
is VBZ B-VP
going VBG I-VP
for IN B-PP
administrative JJ B-NP
costs NNS I-NP
, , O
management NN B-NP
and CC O
research NN B-NP
, , O
the DT B-NP
Office NNP I-NP
of IN B-PP
Technology NNP B-NP
Assessment NNP I-NP
just RB B-ADVP
reported VBD B-VP
. . O

Only RB B-NP
36 CD I-NP
of IN I-NP
1,200 CD I-NP
priority NN I-NP
cleanup NN I-NP
sites NNS I-NP
have VBP B-VP
been VBN I-VP
`` `` O
decontaminated VBN B-VP
. . O
'' '' O

Over IN B-PP
the DT B-NP
next JJ I-NP
50 CD I-NP
years NNS I-NP
, , O
$ $ B-NP
500 CD I-NP
billion CD I-NP
is VBZ B-VP
earmarked VBN I-VP
for IN B-PP
the DT B-NP
program NN I-NP
. . O

At IN B-PP
current JJ B-NP
allocations NNS I-NP
, , O
that WDT B-NP
means VBZ B-VP
EPA NNP B-NP
will MD B-VP
be VB I-VP
spending NN I-VP
$ $ B-NP
300 CD I-NP
billion CD I-NP
on IN B-PP
itself PRP B-NP
. . O

It PRP B-NP
may MD B-VP
not RB I-VP
be VB I-VP
toxic JJ B-ADJP
, , O
but CC O
we PRP B-NP
know VBP B-VP
where WRB B-ADVP
one CD B-NP
waste NN I-NP
dump NN I-NP
is NNS B-VP
. . O

Chambers NNP B-NP
Development NNP I-NP
Co. NNP I-NP
said VBD B-VP
its PRP$ B-NP
Security NNP I-NP
Bureau NNP I-NP
Inc. NNP I-NP
unit NN I-NP
purchased VBN B-VP
two CD B-NP
security NN I-NP
concerns NNS I-NP
in IN B-PP
Florida NNP B-NP
that WDT B-NP
will MD B-VP
add VB I-VP
$ $ B-NP
2.1 CD I-NP
million CD I-NP
of IN B-PP
annual JJ B-NP
revenue NN I-NP
. . O

Purchase NNP B-NP
of IN B-PP
the DT B-NP
businesses NNS I-NP
serving VBG B-VP
Miami NNP B-NP
, , O
Fort NNP B-NP
Lauderdale NNP I-NP
and CC O
West NNP B-NP
Palm NNP I-NP
Beach NNP I-NP
, , O
Fla. NNP B-NP
, , O
is VBZ B-VP
part NN B-NP
of IN B-PP
a DT B-NP
plan NN I-NP
by IN B-PP
Chambers NNP B-NP
to TO B-VP
expand VB I-VP
in IN B-PP
the DT B-NP
growing VBG I-NP
security NN I-NP
industry NN I-NP
. . O

Terms NNS B-NP
were VBD B-VP
n't RB I-VP
disclosed VBN I-VP
. . O

Basf NNP B-NP
AG NNP I-NP
said VBD B-VP
it PRP B-NP
moved VBD B-VP
its PRP$ B-NP
headquarters NN I-NP
for IN B-PP
Latin NNP B-NP
America NNP I-NP
to TO B-PP
Mexico NNP B-NP
and CC O
the DT B-NP
headquarters NN I-NP
for IN B-PP
the DT B-NP
Asia\/Australia NNP I-NP
regional JJ I-NP
division NN I-NP
to TO B-PP
Singapore NNP B-NP
, , O
effective JJ B-ADJP
Oct NNP B-NP
. . O

The DT B-NP
central JJ I-NP
offices NNS I-NP
for IN B-PP
both DT B-NP
regions NNS I-NP
were VBD B-VP
previously RB I-VP
located VBN I-VP
in IN B-PP
Ludwigshafen NNP B-NP
, , O
Basf NNP B-NP
headquarters NN I-NP
. . O

The DT B-NP
West JJ I-NP
German JJ I-NP
chemical NN I-NP
concern NN I-NP
called VBD B-VP
the DT B-NP
moves NNS I-NP
a DT B-NP
further JJ I-NP
step NN I-NP
in IN B-PP
the DT B-NP
internationalization NN I-NP
of IN B-PP
its PRP$ B-NP
business NN I-NP
activities NNS I-NP
. . O

Both DT B-NP
regions NNS I-NP
are VBP B-VP
the DT B-NP
fastest-growing JJ I-NP
areas NNS I-NP
for IN B-PP
Basf NNP B-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

David NNP B-NP
H. NNP I-NP
Eisenberg NNP I-NP
, , O
53 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
was VBD B-VP
named VBN I-VP
president NN B-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
of IN B-PP
Imasco NNP B-NP
's POS B-NP
500-store JJ I-NP
Peoples NNP I-NP
Drug NNP I-NP
Stores NNP I-NP
Inc. NNP I-NP
unit NN I-NP
, , O
based VBN B-VP
in IN B-PP
Alexandria NNP B-NP
, , O
Va NNP B-NP
. . O

Mr. NNP B-NP
Eisenberg NNP I-NP
was VBD B-VP
senior JJ B-NP
executive JJ I-NP
vice NN I-NP
president NN I-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
. . O

Imasco NNP B-NP
is VBZ B-VP
a DT B-NP
tobacco NN I-NP
, , I-NP
retailing NN I-NP
, , I-NP
restaurant NN I-NP
and CC I-NP
financial JJ I-NP
services NNS I-NP
concern VBP I-NP
. . O

Lotus NNP B-NP
Development NNP I-NP
Corp. NNP I-NP
is VBZ B-VP
in IN B-PP
talks NNS B-NP
to TO B-VP
sell VB I-VP
its PRP$ B-NP
Signal NNP I-NP
stock-quote JJ I-NP
service NN I-NP
to TO B-PP
Infotechnology NNP B-NP
Inc. NNP I-NP
, , O
the DT B-NP
New NNP I-NP
York NNP I-NP
parent NN I-NP
of IN B-PP
Financial NNP B-NP
News NNP I-NP
Network NNP I-NP
, , O
people NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
negotiations NNS I-NP
said VBD B-VP
. . O

They PRP B-NP
said VBD B-VP
the DT B-NP
price NN I-NP
would MD B-VP
be VB I-VP
around IN B-NP
$ $ I-NP
10 CD I-NP
million CD I-NP
. . O

Signal NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
an DT B-NP
estimated VBN I-NP
10,000 CD I-NP
subscribers NNS I-NP
and CC O
is VBZ B-VP
profitable JJ B-ADJP
, , O
provides VBZ B-VP
stock NN B-NP
quotes NNS I-NP
over IN B-PP
an DT B-NP
FM NNP I-NP
radio NN I-NP
band NN I-NP
that WDT B-NP
can MD B-VP
be VB I-VP
received VBN I-VP
by IN B-PP
specially RB B-NP
equipped VBN I-NP
personal JJ I-NP
computers NNS I-NP
. . O

The DT B-NP
computers NNS I-NP
will MD B-VP
display VB I-VP
stock NN B-NP
prices NNS I-NP
selected VBN B-VP
by IN B-PP
users NNS B-NP
. . O

Lotus NNP B-NP
, , O
Cambridge NNP B-NP
, , O
Mass. NNP B-NP
, , O
has VBZ B-VP
been VBN I-VP
rumored VBN I-VP
to TO I-VP
have VB I-VP
the DT B-NP
sale NN I-NP
of IN B-PP
the DT B-NP
four-year-old JJ I-NP
unit NN I-NP
under IN B-PP
consideration NN B-NP
for IN B-PP
a DT B-NP
year NN I-NP
. . O

The DT B-NP
business NN I-NP
is VBZ B-VP
n't RB O
related VBN B-ADJP
to TO B-PP
Lotus NNP B-NP
's POS B-NP
main JJ I-NP
businesses NNS I-NP
of IN B-PP
making VBG B-VP
computer NN B-NP
software NN I-NP
and CC O
publishing NN B-VP
information NN B-NP
on IN B-PP
compact JJ B-NP
disks NNS I-NP
. . O

`` `` O
Please VB B-INTJ
submit VB B-VP
your PRP$ B-NP
offers NNS I-NP
, , O
'' '' O
says VBZ B-VP
Felipe NNP B-NP
Bince NNP I-NP
Jr NNP I-NP
. . O

He PRP B-NP
surveys VBZ B-VP
the DT B-NP
prospective JJ I-NP
investors NNS I-NP
gathered VBD B-VP
in IN B-PP
the DT B-NP
board NN I-NP
room NN I-NP
of IN B-PP
the DT B-NP
Philippine JJ I-NP
government NN I-NP
's POS B-NP
Asset NNP I-NP
Privatization NNP I-NP
Trust NNP I-NP
for IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
a DT B-NP
36 CD I-NP
% NN I-NP
interest NN I-NP
in IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
largest JJS I-NP
paper NN I-NP
mill NN I-NP
. . O

The DT B-NP
agency NN I-NP
expects VBZ B-VP
the DT B-NP
bids NNS I-NP
to TO B-VP
be VB I-VP
equivalent NN B-ADJP
of IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
80 CD I-NP
million CD I-NP
. . O

Not RB B-NP
a DT I-NP
peso NN I-NP
is VBZ B-VP
offered VBN I-VP
. . O

Mr. NNP B-NP
Bince NNP I-NP
, , O
the DT B-NP
trust NN I-NP
's POS B-NP
associate JJ I-NP
executive JJ I-NP
trustee NN I-NP
, , O
declares VBZ B-VP
the DT B-NP
bidding VBG I-NP
a DT B-NP
failure NN I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
getting VBG I-VP
harder JJR B-ADJP
to TO B-VP
sell VB I-VP
, , O
'' '' O
he PRP B-NP
mutters VBZ B-VP
as IN B-SBAR
he PRP B-NP
leaves VBZ B-VP
the DT B-NP
room NN I-NP
. . O

Indeed RB B-INTJ
. . O
Recently RB B-ADVP
, , O
the DT B-NP
trust NN I-NP
failed VBD B-VP
to TO I-VP
auction VB I-VP
off IN B-PRT
the DT B-NP
paper NN I-NP
mill NN I-NP
, , O
a DT B-NP
bank NN I-NP
, , O
an DT B-NP
office NN I-NP
building NN I-NP
and CC O
a DT B-NP
small JJ I-NP
cotton-ginning JJ I-NP
plant NN I-NP
. . O

Of IN B-PP
the DT B-NP
four CD I-NP
, , O
only RB B-NP
the DT B-NP
bank NN I-NP
and CC O
the DT B-NP
plant NN I-NP
drew VBD B-VP
bids NNS B-NP
-- : O
one CD B-NP
apiece RB B-ADVP
. . O

In IN B-PP
October NNP B-NP
1987 CD I-NP
, , O
President NNP B-NP
Corazon NNP I-NP
Aquino NNP I-NP
vowed VBD B-VP
that IN O
her PRP$ B-NP
government NN I-NP
would MD B-VP
`` `` I-VP
get VB I-VP
out IN B-ADVP
of IN B-PP
business NN B-NP
'' '' O
by IN B-PP
selling VBG B-VP
all DT B-NP
or CC I-NP
part NN I-NP
of IN B-PP
the DT B-NP
state NN I-NP
's POS B-NP
holdings NNS I-NP
in IN B-PP
the DT B-NP
many JJ I-NP
companies NNS I-NP
taken VBN B-VP
over IN B-PRT
by IN B-PP
the DT B-NP
government NN I-NP
during IN B-PP
the DT B-NP
20-year JJ I-NP
rule NN I-NP
of IN B-PP
Ferdinand NNP B-NP
Marcos NNP I-NP
. . O

Two CD B-NP
years NNS I-NP
later RB B-ADVP
, , O
Mrs. NNP B-NP
Aquino NNP I-NP
's POS B-NP
promise NN I-NP
remains VBZ B-VP
largely RB B-ADJP
unfulfilled JJ I-ADJP
. . O

October NNP B-NP
is VBZ B-VP
a DT B-NP
critical JJ I-NP
month NN I-NP
for IN B-PP
the DT B-NP
privatization NN I-NP
program NN I-NP
. . O

Manila NNP B-NP
is VBZ B-VP
offering VBG I-VP
several JJ B-NP
major JJ I-NP
assets NNS I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
and CC O
is VBZ B-VP
trying VBG I-VP
to TO I-VP
conclude VB I-VP
sales NNS B-NP
already RB B-VP
arranged VBN I-VP
. . O

In IN B-PP
addition NN B-NP
, , O
the DT B-NP
government NN I-NP
is VBZ B-VP
scheduled VBN I-VP
to TO I-VP
unveil VB I-VP
plans NNS B-NP
for IN B-PP
privatizing VBG B-VP
Philippine JJ B-NP
Airlines NNPS I-NP
, , O
the DT B-NP
national JJ I-NP
carrier NN I-NP
, , O
an DT B-NP
effort NN I-NP
that DT B-NP
lawyer NN B-NP
and CC I-NP
business NN I-NP
columnist NN I-NP
Rodolfo NNP I-NP
Romero NNP I-NP
calls VBZ B-VP
`` `` O
the DT B-NP
bellwether NN I-NP
of IN B-PP
privatization NN B-NP
. . O
'' '' O

All DT B-NP
told VBD B-VP
, , O
there EX B-NP
are VBP B-VP
assets NNS B-NP
on IN B-PP
the DT B-NP
line NN I-NP
valued VBN B-VP
at IN B-PP
up IN B-NP
to TO I-NP
$ $ I-NP
1.03 CD I-NP
billion CD I-NP
. . O

The DT B-NP
privatization NN I-NP
program NN I-NP
is VBZ B-VP
designed VBN I-VP
to TO I-VP
rid VB I-VP
the DT B-NP
government NN I-NP
of IN B-PP
hundreds NNS B-NP
of IN B-PP
assets NNS B-NP
and CC O
to TO B-VP
raise VB I-VP
critically RB B-NP
needed VBN I-NP
funds NNS I-NP
. . O

Much RB B-NP
of IN B-PP
the DT B-NP
money NN I-NP
from IN B-PP
the DT B-NP
sales NNS I-NP
is VBZ B-VP
earmarked VBN I-VP
for IN B-PP
a DT B-NP
multibillion-dollar JJ I-NP
agrarian-reform JJ I-NP
program NN I-NP
. . O

But CC O
efforts NNS B-NP
have VBP B-VP
been VBN I-VP
thwarted VBN I-VP
by IN B-PP
official JJ B-NP
indifference NN I-NP
, , O
bureaucratic JJ B-NP
resistance NN I-NP
, , O
a DT B-NP
legal JJ I-NP
system NN I-NP
that WDT B-NP
operates VBZ B-VP
at IN B-PP
a DT B-NP
snail NN I-NP
's POS B-NP
pace NN I-NP
, , O
political JJ B-NP
opposition NN I-NP
and CC O
government NN B-NP
misjudgments NNS I-NP
. . O

Most JJS B-ADVP
recently RB I-ADVP
, , O
a DT B-NP
lack NN I-NP
of IN B-PP
buyers NNS B-NP
has VBZ B-VP
been VBN I-VP
added VBN I-VP
to TO B-PP
the DT B-NP
list NN I-NP
. . O

Rather RB B-PP
than IN I-PP
gathering NN B-VP
momentum NN B-NP
, , O
the DT B-NP
program NN I-NP
is VBZ B-VP
in IN B-PP
danger NN B-NP
of IN B-PP
slowing VBG B-VP
even RB B-ADVP
more JJR I-ADVP
as IN B-SBAR
the DT B-NP
government NN I-NP
tackles VBZ B-VP
several JJ B-NP
big JJ I-NP
assets NNS I-NP
. . O

The DT B-NP
axiom NN I-NP
appears VBZ B-VP
to TO I-VP
be VB I-VP
that IN B-SBAR
the DT O
more RBR O
valuable JJ O
the DT B-NP
asset NN I-NP
, , O
the DT O
harder JJR O
the DT B-NP
privatization NN I-NP
process NN I-NP
. . O

`` `` O
You PRP B-NP
just RB B-ADVP
do VBP B-VP
n't RB I-VP
see VB I-VP
a DT B-NP
whole JJ I-NP
lot NN I-NP
happening VBG B-VP
, , O
'' '' O
says VBZ B-VP
an DT B-NP
international JJ I-NP
economist NN I-NP
. . O

To TO B-VP
be VB I-VP
sure JJ B-ADJP
, , O
the DT B-NP
program NN I-NP
has VBZ B-VP
n't RB I-VP
completely RB I-VP
stalled VBN I-VP
. . O

The DT B-NP
Asset NNP I-NP
Privatization NNP I-NP
Trust NNP I-NP
, , O
the DT B-NP
agency NN I-NP
chiefly RB B-ADJP
responsible JJ I-ADJP
for IN B-PP
selling VBG B-VP
government-held JJ B-NP
properties NNS I-NP
, , O
has VBZ B-VP
recorded VBN I-VP
sales NNS B-NP
of IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
500 CD I-NP
million CD I-NP
since IN B-SBAR
it PRP B-NP
began VBD B-VP
functioning VBG I-VP
in IN B-PP
December NNP B-NP
1986 CD I-NP
. . O

But CC O
its PRP$ B-NP
success NN I-NP
has VBZ B-VP
been VBN I-VP
largely RB B-ADVP
in IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
small JJ B-NP
, , I-NP
nonperforming JJ I-NP
companies NNS I-NP
, , O
which WDT B-NP
are VBP B-VP
valued VBN I-VP
for IN B-PP
their PRP$ B-NP
assets NNS I-NP
. . O

Dealing VBG B-VP
with IN B-PP
the DT B-NP
sales NNS I-NP
this DT B-NP
month NN I-NP
could MD B-VP
be VB I-VP
particularly RB B-ADJP
challenging VBG I-ADJP
because IN B-SBAR
almost RB B-NP
every DT I-NP
problem NN I-NP
that WDT B-NP
has VBZ B-VP
hobbled VBN I-VP
the DT B-NP
program NN I-NP
in IN B-PP
the DT B-NP
past NN I-NP
is VBZ B-VP
popping VBG I-VP
up IN B-PRT
again RB B-ADVP
. . O

Ramon NNP B-NP
Garcia NNP I-NP
, , O
the DT B-NP
Asset NNP I-NP
Trust NNP I-NP
's POS B-NP
executive JJ I-NP
trustee NN I-NP
, , O
admits VBZ B-VP
to TO B-PP
what WP B-NP
he PRP B-NP
calls VBZ B-VP
`` `` O
temporary JJ B-NP
setbacks NNS I-NP
. . O
'' '' O

In IN B-PP
light NN B-NP
of IN B-PP
the DT B-NP
poor JJ I-NP
results NNS I-NP
recently RB B-ADVP
, , O
he PRP B-NP
says VBZ B-VP
, , O
the DT B-NP
agency NN I-NP
is VBZ B-VP
adopting VBG I-VP
an DT B-NP
`` `` I-NP
attitude NN I-NP
of IN B-PP
flexibility NN B-NP
. . O
'' '' O

October NNP B-NP
's POS B-NP
troubles NNS I-NP
began VBD B-VP
when WRB B-ADVP
the DT B-NP
trust NN I-NP
failed VBD B-VP
to TO I-VP
sell VB I-VP
a DT B-NP
state-owned JJ I-NP
commercial JJ I-NP
bank NN I-NP
, , O
Associated NNP B-NP
Bank NNP I-NP
, , O
for IN B-PP
the DT B-NP
minimum JJ I-NP
price NN I-NP
of IN B-PP
671 CD B-NP
million CD I-NP
pesos NNS I-NP
-LRB- ( O
$ $ B-NP
31 CD I-NP
million CD I-NP
-RRB- ) O
. . O

At IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
month NN I-NP
, , O
the DT B-NP
agency NN I-NP
again RB B-ADVP
will MD B-VP
offer VB I-VP
the DT B-NP
bank NN I-NP
. . O

But CC O
instead RB B-PP
of IN I-PP
a DT B-NP
minimum JJ I-NP
price NN I-NP
, , O
only RB B-NP
a DT I-NP
target NN I-NP
price NN I-NP
will MD B-VP
be VB I-VP
established VBN I-VP
. . O

Bankers NNS B-NP
say VBP B-VP
, , O
however RB B-ADVP
, , O
that IN B-SBAR
the DT B-NP
government NN I-NP
may MD B-VP
have VB I-VP
difficulty NN B-NP
selling VBG B-VP
the DT B-NP
institution NN I-NP
even RB B-ADVP
without IN B-PP
a DT B-NP
floor NN I-NP
price NN I-NP
. . O

The DT B-NP
bank NN I-NP
has VBZ B-VP
a DT B-NP
negative JJ I-NP
net JJ I-NP
worth NN I-NP
, , O
they PRP B-NP
say VBP B-VP
. . O

In IN B-PP
addition NN B-NP
, , O
special JJ B-NP
bidding NN I-NP
rules NNS I-NP
give VBP B-VP
the DT B-NP
bank NN I-NP
's POS B-NP
former JJ I-NP
owner NN I-NP
, , O
Leonardo NNP B-NP
Ty NNP I-NP
, , O
the DT B-NP
right NN I-NP
to TO B-VP
match VB I-VP
the DT B-NP
highest JJS I-NP
bid NN I-NP
. . O

Mr. NNP B-NP
Ty NNP I-NP
lost VBD B-VP
control NN B-NP
to TO B-PP
the DT B-NP
government NN I-NP
in IN B-PP
1980 CD B-NP
when WRB B-ADVP
a DT B-NP
government NN I-NP
bank NN I-NP
made VBD B-VP
emergency NN B-NP
loans NNS I-NP
to TO B-PP
the DT B-NP
cash-strapped JJ I-NP
institution NN I-NP
. . O

In IN B-PP
1983 CD B-NP
, , O
the DT B-NP
loans NNS I-NP
were VBD B-VP
converted VBN I-VP
into IN B-PP
equity NN B-NP
, , O
giving VBG B-VP
Manila NNP B-NP
98 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
bank NN I-NP
, , O
but CC O
with IN B-PP
the DT B-NP
understanding NN I-NP
that IN B-SBAR
Mr. NNP B-NP
Ty NNP I-NP
had VBD B-VP
repurchase NN B-NP
rights NNS I-NP
. . O

His PRP$ B-NP
ability NN I-NP
to TO B-VP
match VB I-VP
any DT B-NP
bid NN I-NP
has VBZ B-VP
scared VBN I-VP
off IN B-PRT
many JJ B-NP
potential JJ I-NP
buyers NNS I-NP
. . O

Separately RB B-ADVP
, , O
the DT B-NP
government NN I-NP
will MD B-VP
try VB I-VP
again RB B-ADVP
within IN B-PP
a DT B-NP
month NN I-NP
to TO B-VP
sell VB I-VP
the DT B-NP
36 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
Paper NNP B-NP
Industries NNP I-NP
Corp. NNP I-NP
of IN B-PP
the DT B-NP
Philippines NNP I-NP
, , O
or CC O
Picop NNP B-NP
, , O
as IN B-SBAR
the DT B-NP
paper NN I-NP
mill NN I-NP
is VBZ B-VP
known VBN I-VP
. . O

The DT B-NP
price NN I-NP
will MD B-VP
depend VB I-VP
on IN B-PP
how WRB B-NP
much JJ I-NP
Picop NNP B-NP
shares NNS I-NP
fetch VBP B-VP
on IN B-PP
the DT B-NP
local JJ I-NP
stock NN I-NP
market NN I-NP
. . O

But CC O
according VBG B-PP
to TO B-PP
bankers NNS B-NP
and CC O
stock NN B-NP
analysts NNS I-NP
who WP B-NP
have VBP B-VP
studied VBN I-VP
the DT B-NP
paper NN I-NP
mill NN I-NP
, , O
price NN B-NP
is VBZ B-VP
n't RB O
the DT B-NP
only JJ I-NP
consideration NN I-NP
. . O

As IN B-SBAR
it PRP B-NP
stands VBZ B-VP
now RB B-ADVP
, , O
the DT B-NP
government NN I-NP
would MD B-VP
continue VB I-VP
to TO I-VP
hold VB I-VP
45 CD B-NP
% NN I-NP
of IN B-PP
Picop NNP B-NP
after IN B-SBAR
the DT B-NP
36 CD I-NP
% NN I-NP
stake NN I-NP
is VBZ B-VP
sold VBN I-VP
. . O

-LRB- ( O
About IN B-NP
7.5 CD I-NP
% NN I-NP
of IN B-PP
Picop NNP B-NP
is VBZ B-VP
publicly RB I-VP
traded VBN I-VP
and CC O
other JJ B-NP
shareholders NNS I-NP
own VB B-VP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
equity NN I-NP
. . O
-RRB- ) O

Potential JJ B-NP
buyers NNS I-NP
, , B-NP
mostly RB I-NP
foreign JJ B-NP
companies NNS I-NP
, , O
are VBP B-VP
reluctant JJ B-ADJP
to TO B-VP
take VB I-VP
a DT B-NP
non-controlling JJ I-NP
stake NN I-NP
in IN B-PP
a DT B-NP
company NN I-NP
that IN B-NP
, , O
by IN B-PP
the DT B-NP
government NN I-NP
's POS B-NP
own JJ I-NP
reckoning NN I-NP
, , O
needs VBZ B-VP
some DT B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
in IN B-PP
new JJ B-NP
capital NN I-NP
for IN B-PP
rehabilitation NN B-NP
. . O

The DT B-NP
prospect NN I-NP
of IN B-PP
buying VBG B-VP
into IN B-PP
a DT B-NP
cash-hungry JJ I-NP
company NN I-NP
without IN B-PP
getting VBG B-VP
management NN B-NP
control NN I-NP
persuaded VBN B-VP
at IN B-NP
least JJS I-NP
three CD I-NP
foreign JJ I-NP
buyers NNS I-NP
, , O
including VBG B-PP
a DT B-NP
member NN I-NP
of IN B-PP
the DT B-NP
Elders NNP I-NP
group NN I-NP
of IN B-PP
Australia NNP B-NP
, , O
to TO B-VP
pull VB I-VP
out IN B-ADVP
of IN B-PP
the DT B-NP
bidding NN I-NP
, , O
the DT B-NP
bankers NNS I-NP
and CC I-NP
analysts NNS I-NP
say VBP B-VP
. . O

Mr. NNP B-NP
Garcia NNP I-NP
acknowledges VBZ B-VP
the DT B-NP
problem NN I-NP
and CC O
says VBZ B-VP
the DT B-NP
Asset NNP I-NP
Trust NNP I-NP
will MD B-VP
study VB I-VP
why WRB B-ADVP
the DT B-NP
bidding NN I-NP
failed VBD B-VP
and CC O
what WP B-NP
changes VBZ I-NP
the DT B-NP
agency NN I-NP
may MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
offer VB I-VP
. . O

Under IN B-PP
government NN B-NP
regulations NNS I-NP
, , O
however RB B-ADVP
, , O
foreign JJ B-NP
ownership NN I-NP
of IN B-PP
Picop NNP B-NP
's POS B-NP
equity NN I-NP
is VBZ B-VP
limited JJ I-VP
to TO B-PP
40 CD B-NP
% NN I-NP
. . O

Even RB B-SBAR
though IN I-SBAR
the DT B-NP
government NN I-NP
would MD B-VP
retain VB I-VP
the DT B-NP
45 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
Picop NNP B-NP
, , O
critics NNS B-NP
have VBP B-VP
accused VBN I-VP
the DT B-NP
trust NN I-NP
of IN B-PP
selling VBG B-VP
out RP B-PRT
to TO B-PP
foreigners NNS B-NP
. . O

A DT B-NP
series NN I-NP
of IN B-PP
newspaper NN B-NP
articles NNS I-NP
accused VBD B-VP
the DT B-NP
trust NN I-NP
of IN B-PP
short-changing JJ B-VP
the DT B-NP
government NN I-NP
over IN B-PP
the DT B-NP
Picop NNP I-NP
sale NN I-NP
. . O

Mr. NNP B-NP
Garcia NNP I-NP
says VBZ B-VP
he PRP B-NP
has VBZ B-VP
been VBN I-VP
notified VBN I-VP
of IN B-PP
congressional JJ B-NP
hearings NNS I-NP
on IN B-PP
the DT B-NP
Picop NNP I-NP
bidding NN I-NP
and CC O
possible JJ B-NP
legislation NN I-NP
covering VBG B-VP
the DT B-NP
paper NN I-NP
mill NN I-NP
's POS B-NP
sale NN I-NP
, , O
both DT B-NP
prompted VBN B-VP
by IN B-PP
the DT B-NP
criticism NN I-NP
of IN B-PP
the DT B-NP
agency NN I-NP
. . O

The DT B-NP
question NN I-NP
of IN B-PP
control NN B-NP
could MD B-VP
further VB I-VP
hinder VB I-VP
long-delayed JJ B-NP
plans NNS I-NP
for IN B-SBAR
the DT B-NP
government NN I-NP
to TO B-VP
divest VB I-VP
itself PRP B-NP
of IN B-PP
Philippine JJ B-NP
Airlines NNPS I-NP
, , O
in IN B-PP
which WDT B-NP
it PRP B-NP
has VBZ B-VP
a DT B-NP
99 CD I-NP
% NN I-NP
stake NN I-NP
. . O

The DT B-NP
carrier NN I-NP
has VBZ B-VP
valuable JJ B-NP
trans-Pacific JJ I-NP
and CC I-NP
Asian JJ I-NP
routes NNS I-NP
but CC O
it PRP B-NP
remains VBZ B-VP
debt-laden JJ B-ADJP
and CC O
poorly RB B-ADJP
managed VBD I-ADJP
. . O

This DT B-NP
maker NN I-NP
of IN B-PP
electronic JJ B-NP
measuring NN I-NP
devices NNS I-NP
named VBN B-VP
two CD B-NP
new JJ I-NP
directors NNS I-NP
, , O
increasing VBG B-VP
board NN B-NP
membership NN I-NP
to TO B-PP
nine CD B-NP
. . O

The DT B-NP
new JJ I-NP
directors NNS I-NP
are VBP B-VP
Gordon NNP B-NP
M. NNP I-NP
Sprenger NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
LifeSpan NNP B-NP
Inc. NNP I-NP
, , O
and CC O
Peter NNP B-NP
S. NNP I-NP
Willmott NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Willmott NNP B-NP
Services NNP I-NP
Inc NNP I-NP
. . O

Gerard NNP B-NP
E. NNP I-NP
Wood NNP I-NP
, , O
51 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
was VBD B-VP
elected VBN I-VP
president NN B-NP
, , O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
and CC O
a DT B-NP
director NN I-NP
of IN B-PP
this DT B-NP
minerals NNS I-NP
and CC I-NP
materials NNS I-NP
company NN I-NP
. . O

He PRP B-NP
succeeds VBZ B-VP
Harry NNP B-NP
A. NNP I-NP
Durney NNP I-NP
, , O
65 CD B-NP
, , O
who WP B-NP
is VBZ B-VP
retiring VBG I-VP
from IN B-PP
active JJ B-NP
duty NN I-NP
but CC O
remains VBZ B-VP
a DT B-NP
director NN I-NP
and CC I-NP
consultant NN I-NP
. . O

Mr. NNP B-NP
Wood NNP I-NP
has VBZ B-VP
been VBN I-VP
president NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
of IN B-PP
Steep NNP B-NP
Rock NNP I-NP
Resources NNP I-NP
Inc NNP I-NP
. . O

Eagle NNP B-NP
Financial NNP I-NP
Corp. NNP I-NP
and CC O
Webster NNP B-NP
Financial NNP I-NP
Corp. NNP I-NP
, , O
two CD B-NP
Connecticut NNP I-NP
savings NNS I-NP
bank-holding JJ I-NP
companies NNS I-NP
, , O
agreed VBD B-VP
to TO I-VP
merge VB I-VP
in IN B-PP
a DT B-NP
tax-free JJ I-NP
stock NN I-NP
transaction NN I-NP
. . O

The DT B-NP
new JJ I-NP
holding NN I-NP
company NN I-NP
, , O
Webster\/Eagle NNP B-NP
Bancorp NNP I-NP
Inc. NNP I-NP
, , O
will MD B-VP
have VB I-VP
about RB B-NP
$ $ I-NP
1.2 CD I-NP
billion CD I-NP
of IN B-PP
assets NNS B-NP
and CC O
19 CD B-NP
banking NN I-NP
offices NNS I-NP
in IN B-PP
Connecticut NNP B-NP
. . O

Tangible JJ B-NP
capital NN I-NP
will MD B-VP
be VB I-VP
about RB B-NP
$ $ I-NP
115 CD I-NP
million CD I-NP
. . O

The DT B-NP
merger NN I-NP
is VBZ B-VP
subject NN B-ADJP
to TO B-PP
regulatory JJ B-NP
clearance NN I-NP
and CC O
a DT B-NP
definitive JJ I-NP
agreement NN I-NP
. . O

In IN B-PP
the DT B-NP
merger NN I-NP
, , O
each DT B-NP
share NN I-NP
of IN B-PP
Webster NNP B-NP
, , O
based VBN B-VP
in IN B-PP
Waterbury NNP B-NP
, , O
will MD B-VP
be VB I-VP
converted VBN I-VP
into IN B-PP
one CD B-NP
share NN I-NP
of IN B-PP
the DT B-NP
new JJ I-NP
company NN I-NP
. . O

Each DT B-NP
share NN I-NP
of IN B-PP
Eagle NNP B-NP
, , O
based VBN B-VP
in IN B-PP
Bristol NNP B-NP
, , O
will MD B-VP
become VB I-VP
0.95 CD B-NP
share NN I-NP
of IN B-PP
Webster\/Eagle NNP B-NP
. . O

In IN B-PP
American NNP B-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
Friday NNP B-NP
, , O
Eagle NNP B-NP
shares NNS I-NP
rose VBD B-VP
12.5 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
11 CD I-NP
. . O

In IN B-PP
national JJ B-NP
over-the-counter JJ I-NP
trading NN I-NP
, , O
Webster NNP B-NP
shares NNS I-NP
fell VBD B-VP
25 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
12.375 CD I-NP
. . O

Webster NNP B-NP
has VBZ B-VP
3.5 CD B-NP
million CD I-NP
shares NNS I-NP
outstanding JJ B-ADJP
and CC O
Eagle NNP B-NP
2.6 CD B-NP
million CD I-NP
. . O

Their PRP$ B-NP
indicated VBD I-NP
market NN I-NP
values NNS I-NP
thus RB B-ADVP
are VBP B-VP
about RB B-NP
$ $ I-NP
43.3 CD I-NP
million CD I-NP
and CC I-NP
$ $ I-NP
28.6 CD I-NP
million CD I-NP
, , O
respectively RB B-ADVP
. . O

Frank NNP B-NP
J. NNP I-NP
Pascale NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Eagle NNP B-NP
, , O
will MD B-VP
be VB I-VP
chairman NN B-NP
of IN B-PP
the DT B-NP
new JJ I-NP
firm NN I-NP
and CC O
James NNP B-NP
C. NNP I-NP
Smith NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Webster NNP B-NP
, , O
will MD B-VP
take VB I-VP
those DT B-NP
posts NNS I-NP
at IN B-PP
Webster\/Eagle NNP B-NP
. . O

Harold NNP B-NP
W. NNP I-NP
Smith NNP I-NP
Sr. NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Webster NNP B-NP
, , O
will MD B-VP
become VB I-VP
chairman NN B-NP
emeritus NN I-NP
and CC O
a DT B-NP
director NN I-NP
of IN B-PP
the DT B-NP
new JJ I-NP
company NN I-NP
. . O

Ralph NNP B-NP
T. NNP I-NP
Linsley NNP I-NP
, , O
vice NN B-NP
chairman NN I-NP
of IN B-PP
Eagle NNP B-NP
, , O
will MD B-VP
become VB I-VP
vice NN B-NP
chairman NN I-NP
of IN B-PP
Webster\/Eagle NNP B-NP
. . O

The DT B-NP
board NN I-NP
will MD B-VP
be VB I-VP
made VBN I-VP
up IN B-PRT
of IN B-PP
seven CD B-NP
directors NNS I-NP
of IN B-PP
each DT B-NP
holding VBG I-NP
company NN I-NP
. . O

In IN B-PP
an DT B-NP
interview NN I-NP
, , O
James NNP B-NP
Smith NNP I-NP
said VBD B-VP
the DT B-NP
banks NNS I-NP
' POS B-NP
`` `` I-NP
markets NNS I-NP
are VBP B-VP
contiguous JJ B-ADJP
and CC O
their PRP$ B-NP
business NN I-NP
philosophies NNS I-NP
are VBP B-VP
similar JJ B-ADJP
and CC I-ADJP
conservative JJ I-ADJP
. . O
'' '' O

Nonperforming JJ B-NP
loans NNS I-NP
will MD B-VP
make VB I-VP
up IN B-PRT
only RB B-NP
about IN I-NP
0.5 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
combined VBN I-NP
banks NNS I-NP
' POS B-NP
total JJ I-NP
loans NNS I-NP
outstanding JJ B-ADJP
, , O
he PRP B-NP
said VBD B-VP
. . O

At IN B-PP
June NNP B-NP
30 CD I-NP
, , O
Webster NNP B-NP
, , O
which WDT B-NP
owns VBZ B-VP
First NNP B-NP
Federal NNP I-NP
Savings NNP I-NP
& CC I-NP
Loan NNP I-NP
Association NNP I-NP
of IN B-PP
Waterbury NNP B-NP
, , O
had VBD B-VP
assets NNS B-NP
of IN B-PP
$ $ B-NP
699 CD I-NP
million CD I-NP
. . O

Eagle NNP B-NP
, , O
which WDT B-NP
controls VBZ B-VP
Bristol NNP B-NP
Federal NNP I-NP
Savings NNP I-NP
Bank NNP I-NP
and CC O
First NNP B-NP
Federal NNP I-NP
Savings NNP I-NP
& CC I-NP
Loan NNP I-NP
Association NNP I-NP
of IN B-PP
Torrington NNP B-NP
, , O
had VBD B-VP
assets NNS B-NP
of IN B-PP
$ $ B-NP
469.6 CD I-NP
million CD I-NP
on IN B-PP
that DT B-NP
date NN I-NP
. . O

Guillermo NNP B-NP
Ortiz NNP I-NP
's POS B-NP
Sept. NNP I-NP
15 CD I-NP
Americas NNP I-NP
column NN I-NP
, , O
`` `` O
Mexico NNP B-NP
's POS B-VP
Been VBN I-VP
Bitten VBN I-VP
by IN B-PP
the DT B-NP
Privatization NN I-NP
Bug NN I-NP
, , O
'' '' O
is VBZ B-VP
a DT B-NP
refreshingly RB I-NP
clear JJ I-NP
statement NN I-NP
of IN B-PP
his PRP$ B-NP
government NN I-NP
's POS B-NP
commitment NN I-NP
to TO B-PP
privatization NN B-NP
, , O
and CC O
must MD B-VP
be VB I-VP
welcomed VBN I-VP
as IN B-PP
such JJ B-NP
by IN B-PP
all DT B-NP
Americans NNPS I-NP
who WP B-NP
wish VBP B-VP
his PRP$ B-NP
country NN I-NP
well RB B-ADVP
. . O

The DT B-NP
Mexico-United NNP I-NP
States NNP I-NP
Institute NNP I-NP
is VBZ B-VP
glad JJ B-ADJP
to TO B-VP
see VB I-VP
such JJ B-NP
a DT I-NP
high JJ I-NP
official NN I-NP
as IN B-PP
Mexico NNP B-NP
's POS B-NP
undersecretary NN I-NP
of IN B-PP
finance NN B-NP
view VB B-VP
his PRP$ B-NP
country NN I-NP
's POS B-NP
reforms NNS I-NP
`` `` O
in IN B-PP
the DT B-NP
context NN I-NP
of IN B-PP
a DT B-NP
larger JJR I-NP
, , I-NP
world-wide JJ I-NP
process NN I-NP
'' '' O
of IN B-PP
profound JJ B-NP
change NN I-NP
toward IN B-PP
free-market JJ B-NP
economics NNS I-NP
, , O
especially RB B-ADVP
in IN B-PP
the DT B-NP
statist JJ I-NP
countries NNS I-NP
. . O

Having VBG B-VP
said VBN I-VP
that IN B-NP
, , O
we PRP B-NP
must MD B-VP
caution VB I-VP
against IN B-PP
an DT B-NP
apparent JJ I-NP
tendency NN I-NP
to TO B-VP
overstate VB I-VP
the DT B-NP
case NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
not RB O
quite RB B-ADJP
true JJ I-ADJP
, , O
for IN B-PP
example NN B-NP
, , O
that IN B-SBAR
the DT B-NP
Mexican JJ I-NP
government NN I-NP
has VBZ B-VP
`` `` I-VP
privatized VBN I-VP
'' '' O
Mexicana NNP B-NP
de FW I-NP
Aviacion NNP I-NP
, , O
as IN B-SBAR
Mr. NNP B-NP
Ortiz NNP I-NP
claims VBZ B-VP
. . O

In IN B-PP
the DT B-NP
same JJ I-NP
sentence NN I-NP
he PRP B-NP
contradicts VBZ B-VP
himself PRP B-NP
when WRB B-ADVP
he PRP B-NP
reports VBZ B-VP
that IN B-SBAR
the DT B-NP
government NN I-NP
still RB B-ADVP
retains VBZ B-VP
40 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
total JJ I-NP
equity NN I-NP
of IN B-PP
the DT B-NP
airline NN I-NP
. . O

How WRB B-ADVP
can MD O
a DT B-NP
company NN I-NP
be VB B-VP
considered VBN I-VP
`` `` O
privatized VBN B-ADJP
'' '' O
if IN B-SBAR
the DT B-NP
state NN I-NP
is VBZ B-VP
so RB I-VP
heavily RB I-VP
represented VBN I-VP
in IN B-PP
it PRP B-NP
? . O

-LRB- ( O
True JJ B-INTJ
, , O
the DT B-NP
Mexican JJ I-NP
government NN I-NP
has VBZ B-VP
granted VBN I-VP
`` `` B-NP
control NN I-NP
'' '' O
over IN B-PP
the DT B-NP
airline NN I-NP
to TO B-PP
a DT B-NP
new JJ I-NP
private JJ I-NP
consortium NN I-NP
, , O
but CC O
its PRP$ B-NP
propensity NN I-NP
to TO B-VP
take VB I-VP
back RB B-ADVP
what WP B-NP
it PRP B-NP
gives VBZ B-VP
is VBZ B-VP
too RB I-VP
well RB I-VP
known VBN I-VP
to TO B-VP
permit VB I-VP
one CD B-NP
to TO B-VP
be VB I-VP
sanguine JJ B-ADJP
. . O
-RRB- ) O

Regrettably RB B-ADVP
, , O
too RB B-ADVP
, , O
Mr. NNP B-NP
Ortiz NNP I-NP
resorts VBZ B-VP
to TO B-PP
the DT B-NP
familiar JJ I-NP
`` `` I-NP
numbers NNS I-NP
game NN I-NP
'' '' O
when WRB B-ADVP
he PRP B-NP
boasts VBZ B-VP
that IN B-SBAR
`` `` O
fewer JJR B-NP
than IN I-NP
392 CD I-NP
-LCB- ( O
state NN O
enterprises NNS O
-RCB- ) O
currently RB B-ADVP
remain VB B-VP
in IN B-PP
the DT B-NP
public JJ I-NP
sector NN I-NP
, , O
'' '' O
down RB B-ADVP
from IN B-PP
the DT B-NP
`` `` I-NP
1,155 CD I-NP
public JJ I-NP
entities NNS I-NP
that WDT B-NP
existed VBD B-VP
in IN B-PP
1982 CD B-NP
. . O

'' '' O
But CC O
the DT B-NP
enterprises NNS I-NP
still RB B-ADVP
in IN B-PP
state NN B-NP
hands NNS I-NP
include VBP B-VP
the DT B-NP
biggest JJS I-NP
and CC I-NP
most RBS I-NP
economically RB I-NP
powerful JJ I-NP
ones NNS I-NP
in IN B-PP
Mexico NNP B-NP
; : O
indeed RB B-ADVP
, , O
they PRP B-NP
virtually RB B-ADVP
constitute VBP B-VP
the DT B-NP
economic JJ I-NP
infrastructure NN I-NP
. . O

I PRP B-NP
refer VBP B-VP
essentially RB B-ADVP
to TO B-PP
petroleum NN B-NP
, , O
electric JJ B-NP
power NN I-NP
, , O
banking NN B-NP
and CC O
newsprint NN B-NP
. . O

Those DT B-NP
enterprises NNS I-NP
, , O
however RB B-ADVP
, , O
are VBP B-VP
not RB I-VP
going VBG I-VP
to TO I-VP
be VB I-VP
privatized VBN I-VP
. . O

They PRP B-NP
are VBP B-VP
officially RB I-VP
considered VBN I-VP
`` `` O
strategic JJ B-ADJP
, , O
'' '' O
and CC O
their PRP$ B-NP
privatization NN I-NP
is VBZ B-VP
prohibited VBN I-VP
by IN B-PP
the DT B-NP
Mexican JJ I-NP
Constitution NNP I-NP
. . O

In IN B-PP
language NN B-NP
that WDT B-NP
sidesteps VBZ B-VP
the DT B-NP
issue NN I-NP
, , O
Mr. NNP B-NP
Ortiz NNP I-NP
writes VBZ B-VP
, , O
`` `` O
The DT B-NP
divestiture NN I-NP
of IN B-PP
nonpriority NN B-NP
and CC I-NP
nonstrategic JJ I-NP
public JJ I-NP
enterprises NNS I-NP
is VBZ B-VP
an DT B-NP
essential JJ I-NP
element NN I-NP
of IN B-PP
President NNP B-NP
Carlos NNP I-NP
Salinas NNP I-NP
's POS B-NP
plan NN I-NP
to TO B-VP
modernize VB I-VP
Mexico NNP B-NP
's POS B-NP
economy NN I-NP
... : O
. . O
'' '' O

Yet RB O
clearly RB B-ADVP
, , O
modernization NN B-NP
must MD B-VP
embrace VB I-VP
its PRP$ B-NP
key JJ I-NP
industries NNS I-NP
before IN O
it PRP B-NP
can MD B-VP
be VB I-VP
said VB I-VP
to TO I-VP
have VB I-VP
caught VBN I-VP
the DT B-NP
`` `` I-NP
privatization NN I-NP
bug NN I-NP
. . O
'' '' O

The DT B-NP
bottom NN I-NP
line NN I-NP
, , O
however RB B-ADVP
, , O
is VBZ B-VP
not RB O
economic JJ B-NP
but CC I-NP
political JJ I-NP
reform NN I-NP
. . O

A DT B-NP
long JJ I-NP
succession NN I-NP
of IN B-PP
Mexican JJ B-NP
presidents NNS I-NP
arbitrarily RB B-VP
nationalized VBD I-VP
whatever WDT B-NP
industry NN I-NP
they PRP B-NP
took VBD B-VP
a DT B-NP
fancy JJ I-NP
to TO B-PP
, , O
without IN B-PP
having VBG B-VP
to TO I-VP
answer VB I-VP
to TO B-PP
the DT B-NP
public NN I-NP
. . O

To TO B-VP
guarantee VB I-VP
that IN B-SBAR
Mexicana NNP B-NP
de FW I-NP
Aviacion NNP I-NP
and CC O
other JJ B-NP
companies NNS I-NP
will MD B-VP
really RB I-VP
be VB I-VP
privatized VBN I-VP
, , O
Mexico NNP B-NP
needs VBZ B-VP
a DT B-NP
pluri-party JJ I-NP
political JJ I-NP
system NN I-NP
that WDT B-NP
will MD B-VP
ensure VB I-VP
democracy NN B-NP
and CC B-NP
hence RB I-NP
accountability NN B-NP
. . O

Daniel NNP B-NP
James NNP I-NP
President NNP B-NP
Mexico-United NNP B-NP
States NNP I-NP
Institute NNP I-NP

The DT B-NP
board NN I-NP
of IN B-PP
this DT B-NP
Ponce NNP I-NP
, , I-NP
Puerto NNP I-NP
Rico NNP I-NP
concern NN I-NP
voted VBD B-VP
to TO I-VP
suspend VB I-VP
payment NN B-NP
of IN B-PP
its PRP$ B-NP
quarterly NN I-NP
of IN B-PP
11 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
third-largest JJ I-NP
thrift NN I-NP
institution NN I-NP
in IN B-PP
Puerto NNP B-NP
Rico NNP I-NP
also RB B-ADVP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
a DT B-NP
return NN I-NP
to TO B-PP
profitability NN B-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
when WRB B-ADVP
it PRP B-NP
reports VBZ B-VP
operating VBG B-NP
results VBZ I-NP
this DT B-NP
week NN I-NP
. . O

Ponce NNP B-NP
Federal NNP I-NP
said VBD B-VP
the DT B-NP
dividend NN I-NP
was VBD B-VP
suspended VBN I-VP
in IN B-PP
anticipation NN B-NP
of IN B-PP
more RBR B-NP
stringent JJ I-NP
capital NN I-NP
requirements NNS I-NP
under IN B-PP
the DT B-NP
Financial NNP I-NP
Institutions NNP I-NP
Reform NNP I-NP
, , I-NP
Recovery NNP I-NP
, , I-NP
and CC I-NP
Enforcement NNP I-NP
Act NNP I-NP
of IN B-PP
1989 CD B-NP
. . O

A DT B-NP
labor-management JJ I-NP
group NN I-NP
is VBZ B-VP
preparing VBG I-VP
a DT B-NP
revised VBN I-NP
buy-out NN I-NP
bid NN I-NP
for IN B-PP
United NNP B-NP
Airlines NNPS I-NP
parent NN I-NP
UAL NNP I-NP
Corp. NNP I-NP
that WDT B-NP
would MD B-VP
transfer VB I-VP
majority NN B-NP
ownership NN I-NP
to TO B-PP
employees NNS B-NP
while IN B-SBAR
leaving VBG B-VP
some DT B-NP
stock NN I-NP
in IN B-PP
public JJ B-NP
hands NNS I-NP
, , O
according VBG B-PP
to TO B-PP
people NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
group NN I-NP
. . O

The DT B-NP
group NN I-NP
has VBZ B-VP
been VBN I-VP
discussing VBG I-VP
a DT B-NP
proposal NN I-NP
valued VBN B-VP
in IN B-PP
a DT B-NP
range NN I-NP
of IN B-PP
$ $ B-NP
225 CD I-NP
to TO I-NP
$ $ I-NP
240 CD I-NP
a DT B-NP
share NN I-NP
, , O
or CC O
$ $ B-NP
5.09 CD I-NP
billion CD I-NP
to TO I-NP
$ $ I-NP
5.42 CD I-NP
billion CD I-NP
. . O

But CC O
to TO B-VP
avoid VB I-VP
the DT B-NP
risk NN I-NP
of IN B-PP
rejection NN B-NP
, , O
the DT B-NP
group NN I-NP
does VBZ B-VP
n't RB I-VP
plan VB I-VP
to TO I-VP
submit VB I-VP
the DT B-NP
plan NN I-NP
formally RB B-ADVP
at IN B-PP
a DT B-NP
UAL NNP I-NP
board NN I-NP
meeting NN I-NP
today NN B-NP
. . O

Instead RB B-ADVP
, , O
the DT B-NP
group NN I-NP
is VBZ B-VP
raising VBG I-VP
the DT B-NP
proposal NN I-NP
informally RB B-ADVP
to TO B-VP
try VB I-VP
to TO I-VP
test VB I-VP
the DT B-NP
board NN I-NP
's POS B-NP
reaction NN I-NP
. . O

People NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
company NN I-NP
say VBP B-VP
the DT B-NP
board NN I-NP
is VBZ B-VP
n't RB O
likely JJ B-ADJP
to TO B-VP
give VB I-VP
quick JJ B-NP
approval NN I-NP
to TO B-PP
any DT B-NP
offer NN I-NP
substantially RB B-ADVP
below IN B-PP
the DT B-NP
$ $ I-NP
300-a-share JJ I-NP
, , I-NP
$ $ I-NP
6.79 CD I-NP
billion CD I-NP
buy-out NN I-NP
bid NN I-NP
that WDT B-NP
collapsed VBD B-VP
last JJ B-NP
week NN I-NP
after IN B-SBAR
banks NNS B-NP
would MD B-VP
n't RB I-VP
raise VB I-VP
needed VBN B-NP
loans NNS I-NP
and CC O
after IN B-SBAR
a DT B-NP
key JJ I-NP
partner NN I-NP
, , O
British JJ B-NP
Airways NNP I-NP
PLC NNP I-NP
, , O
dropped VBD B-VP
out RB B-PRT
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
Friday NNP B-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
UAL NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
168.50 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
$ $ B-NP
21.625 CD I-NP
. . O

But CC O
the DT B-NP
pilots NNS I-NP
union NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
been VBN I-VP
pushing VBG I-VP
for IN B-PP
a DT B-NP
takeover NN I-NP
since IN B-PP
1987 CD B-NP
, , O
appears VBZ B-VP
to TO I-VP
be VB I-VP
pressing VBG I-VP
ahead RB B-ADVP
with IN B-PP
the DT B-NP
revised VBN I-NP
bid NN I-NP
to TO B-VP
avoid VB I-VP
further JJ B-NP
loss NN I-NP
of IN B-PP
momentum NN B-NP
even RB B-SBAR
though IN I-SBAR
it PRP B-NP
has VBZ B-VP
n't RB I-VP
found VBN I-VP
a DT B-NP
partner NN I-NP
to TO B-VP
replace VB I-VP
British NNP B-NP
Air NNP I-NP
. . O

Although IN B-SBAR
the DT B-NP
bidding NN I-NP
group NN I-NP
has VBZ B-VP
n't RB I-VP
had VBN I-VP
time NN B-NP
to TO B-VP
develop VB I-VP
its PRP$ B-NP
latest JJS I-NP
idea NN I-NP
fully RB B-ADVP
or CC O
to TO B-VP
discuss VB I-VP
it PRP B-NP
with IN B-PP
banks NNS B-NP
, , O
it PRP B-NP
believes VBZ B-VP
bank NN B-NP
financing NN I-NP
could MD B-VP
be VB I-VP
obtained VBN I-VP
. . O

After IN B-PP
the DT B-NP
collapse NN I-NP
of IN B-PP
the DT B-NP
last JJ I-NP
effort NN I-NP
, , O
the DT B-NP
group NN I-NP
does VBZ B-VP
n't RB I-VP
plan VB I-VP
to TO I-VP
make VB I-VP
any DT B-NP
formal JJ I-NP
proposal NN I-NP
without IN B-PP
binding NN B-NP
commitments NNS I-NP
from IN B-PP
banks NNS B-NP
covering VBG B-VP
the DT B-NP
entire JJ I-NP
amount NN I-NP
to TO B-VP
be VB I-VP
borrowed VBN I-VP
. . O

Under IN B-PP
the DT B-NP
type NN I-NP
of IN B-PP
transaction NN B-NP
being VBG B-VP
discussed VBN I-VP
, , O
the DT B-NP
pilot-management JJ I-NP
group NN I-NP
would MD B-VP
borrow VB I-VP
several JJ B-NP
billion CD I-NP
dollars NNS I-NP
from IN B-PP
banks NNS B-NP
that WDT B-NP
could MD B-VP
then RB I-VP
be VB I-VP
used VBN I-VP
to TO B-VP
finance VB I-VP
a DT B-NP
cash NN I-NP
payment NN I-NP
to TO B-PP
current JJ B-NP
holders NNS I-NP
. . O

Those DT B-NP
current JJ I-NP
holders NNS I-NP
would MD B-VP
also RB I-VP
receive VB I-VP
minority NN B-NP
interests NNS I-NP
in IN B-PP
the DT B-NP
new JJ I-NP
company NN I-NP
. . O

For IN B-PP
example NN B-NP
, , O
the DT B-NP
group NN I-NP
could MD B-VP
offer VB I-VP
$ $ B-NP
200 CD I-NP
a DT B-NP
share NN I-NP
in IN B-PP
cash NN B-NP
plus CC B-NP
stock NN B-NP
valued VBN B-VP
at IN B-PP
$ $ B-NP
30 CD I-NP
a DT B-NP
share NN I-NP
. . O

UAL NNP B-NP
currently RB B-ADVP
has VBZ B-VP
22.6 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
fully RB B-VP
diluted VBN I-VP
. . O

The DT B-NP
new JJ I-NP
structure NN I-NP
would MD B-VP
be VB I-VP
similar JJ B-ADJP
to TO B-PP
a DT B-NP
recapitalization NN I-NP
in IN B-PP
which WDT B-NP
holders NNS B-NP
get VBP B-VP
a DT B-NP
special JJ I-NP
dividend NN I-NP
yet RB O
retain VB B-VP
a DT B-NP
controlling VBG I-NP
ownership NN I-NP
interest NN I-NP
. . O

The DT B-NP
difference NN I-NP
is VBZ B-VP
that IN B-SBAR
current JJ B-NP
holders NNS I-NP
would MD B-VP
n't RB I-VP
retain VB I-VP
majority NN B-NP
ownership NN I-NP
or CC I-NP
control NN I-NP
. . O

The DT B-NP
failed VBN I-NP
takeover NN I-NP
would MD B-VP
have VB I-VP
given VBN I-VP
UAL NNP B-NP
employees NNS I-NP
75 CD B-NP
% NN I-NP
voting NN I-NP
control NN I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
second-largest JJ I-NP
airline NN I-NP
, , O
with IN B-PP
management NN B-NP
getting VBG B-VP
10 CD B-NP
% NN I-NP
control NN I-NP
and CC O
British NNP B-NP
Air NNP I-NP
15 CD B-ADJP
% NN I-ADJP
. . O

It PRP B-NP
was VBD B-VP
n't RB O
clear JJ B-ADJP
how WRB B-ADVP
the DT B-NP
ownership NN I-NP
would MD B-VP
stack VB I-VP
up IN B-PRT
under IN B-PP
the DT B-NP
new JJ I-NP
plan NN I-NP
, , O
but CC O
employees NNS B-NP
would MD B-VP
keep VB I-VP
more JJR B-NP
than IN I-NP
50 CD I-NP
% NN I-NP
. . O

Management NNP B-NP
's POS B-NP
total NN I-NP
could MD B-VP
be VB I-VP
reduced VBN I-VP
, , O
and CC O
the DT B-NP
public NN I-NP
could MD B-VP
get VB I-VP
more JJR B-NP
than IN B-PP
the DT B-NP
15 CD I-NP
% NN I-NP
control NN I-NP
that WDT B-NP
had VBD B-VP
been VBN I-VP
earmarked VBN I-VP
for IN B-PP
British NNP B-NP
Air NNP I-NP
. . O

One CD B-NP
option NN I-NP
the DT B-NP
board NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
consider VB I-VP
today NN B-NP
is VBZ B-VP
some DT B-NP
sort NN B-NP
of IN B-PP
cooling-off JJ B-NP
period NN I-NP
. . O

Although IN B-SBAR
the DT B-NP
pilots NNS I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
continue VB I-VP
to TO I-VP
pursue VB I-VP
the DT B-NP
bid NN I-NP
, , O
UAL NNP B-NP
Chairman NNP I-NP
Stephen NNP I-NP
Wolf NNP I-NP
may MD B-VP
be VB I-VP
asked VBN I-VP
to TO B-VP
withdraw VB I-VP
from IN B-PP
the DT B-NP
buy-out NN I-NP
effort NN I-NP
, , O
at IN B-ADVP
least JJS I-ADVP
temporarily RB B-ADVP
, , O
and CC O
to TO B-VP
return VB I-VP
to TO B-PP
running VBG B-VP
the DT B-NP
company NN I-NP
full JJ B-ADVP
time NN I-ADVP
. . O

The DT B-NP
board NN I-NP
could MD B-VP
eventually RB I-VP
come VB I-VP
under IN B-PP
some DT B-NP
pressure NN I-NP
to TO B-VP
sell VB I-VP
the DT B-NP
company NN I-NP
because IN B-SBAR
its PRP$ B-NP
members NNS I-NP
can MD B-VP
be VB I-VP
ousted VBN I-VP
by IN B-PP
a DT B-NP
majority NN I-NP
shareholder NN I-NP
vote NN I-NP
, , O
particularly RB B-ADVP
since IN B-SBAR
one-third NN B-NP
of IN B-PP
UAL NNP B-NP
stock NN I-NP
is VBZ B-VP
held VBN I-VP
by IN B-PP
takeover NN B-NP
stock NN I-NP
speculators NNS I-NP
who WP B-NP
favor VBP B-VP
a DT B-NP
sale NN I-NP
. . O

The DT B-NP
labor-management JJ I-NP
buy-out NN I-NP
group NN I-NP
plans NNS B-VP
to TO I-VP
keep VB I-VP
its PRP$ B-NP
offer NN I-NP
on IN B-PP
the DT B-NP
table NN I-NP
in IN B-PP
an DT B-NP
apparent JJ I-NP
attempt NN I-NP
to TO B-VP
maintain VB I-VP
its PRP$ B-NP
bargaining NN I-NP
position NN I-NP
with IN B-PP
the DT B-NP
board NN I-NP
. . O

However RB B-ADVP
, , O
the DT B-NP
only JJ I-NP
outsider NN I-NP
who WP B-NP
has VBZ B-VP
emerged VBN I-VP
to TO I-VP
lead VB I-VP
such JJ B-NP
a DT I-NP
shareholder NN I-NP
vote NN I-NP
, , O
Los NNP B-NP
Angeles NNP I-NP
investor NN I-NP
Marvin NNP I-NP
Davis NNP I-NP
, , O
who WP B-NP
triggered VBD B-VP
the DT B-NP
buy-out NN I-NP
with IN B-PP
a DT B-NP
$ $ I-NP
5.4 CD I-NP
billion CD I-NP
bid NN I-NP
in IN B-PP
early JJ B-NP
August NNP I-NP
, , O
is VBZ B-VP
hanging VBG I-VP
back RB B-ADVP
-- : O
apparently RB B-ADVP
to TO B-VP
avoid VB I-VP
being VBG I-VP
blamed VBN I-VP
for IN B-PP
contributing VBG B-VP
to TO B-PP
the DT B-NP
deal NN I-NP
's POS B-NP
collapse NN I-NP
. . O

Three CD B-NP
top JJ I-NP
advisers NNS I-NP
to TO B-PP
Mr. NNP B-NP
Davis NNP I-NP
visited VBD B-VP
New NNP B-NP
York NNP I-NP
late JJ B-NP
last JJ I-NP
week NN I-NP
, , O
at IN B-ADVP
least JJS I-ADVP
in IN B-PP
part NN B-NP
to TO B-VP
confer VB I-VP
with IN B-PP
executives NNS B-NP
at IN B-PP
Citicorp NNP B-NP
. . O

Mr. NNP B-NP
Davis NNP I-NP
had VBD B-VP
paid VBN I-VP
$ $ B-NP
6 CD I-NP
million CD I-NP
for IN B-PP
Citicorp NNP B-NP
's POS B-NP
backing VBG I-NP
of IN B-PP
his PRP$ B-NP
last JJ I-NP
bid NN I-NP
. . O

But CC O
Citicorp NNP B-NP
has VBZ B-VP
lost VBN I-VP
some DT B-NP
credibility NN I-NP
because IN B-SBAR
it PRP B-NP
also RB B-ADVP
led VBD B-VP
the DT B-NP
unsuccessful JJ I-NP
effort NN I-NP
to TO B-VP
gain VB I-VP
bank NN B-NP
loans NNS I-NP
for IN B-PP
the DT B-NP
labor-management JJ I-NP
group NN I-NP
. . O

On IN B-PP
Friday NNP B-NP
, , O
British NNP B-NP
Air NNP I-NP
issued VBD B-VP
a DT B-NP
statement NN I-NP
saying VBG B-VP
it PRP B-NP
`` `` O
does VBZ B-VP
not RB I-VP
intend VB I-VP
to TO I-VP
participate VB I-VP
in IN B-PP
any DT B-NP
new JJ I-NP
deal NN I-NP
for IN B-PP
the DT B-NP
acquisition NN I-NP
of IN B-PP
UAL NNP B-NP
in IN B-PP
the DT B-NP
foreseeable JJ I-NP
future NN I-NP
. . O
'' '' O

However RB B-ADVP
, , O
several JJ B-NP
people NNS I-NP
said VBD B-VP
that IN B-SBAR
British NNP B-NP
Air NNP I-NP
might MD B-VP
yet RB I-VP
rejoin VB I-VP
the DT B-NP
bidding NN I-NP
group NN I-NP
and CC O
that IN B-SBAR
the DT B-NP
carrier NN I-NP
made VBD B-VP
the DT B-NP
statement NN I-NP
to TO B-VP
answer VB I-VP
questions NNS B-NP
from IN B-PP
British JJ B-NP
regulators NNS I-NP
about IN B-PP
how WRB B-ADVP
it PRP B-NP
plans VBZ B-VP
to TO I-VP
use VB I-VP
proceeds NNS B-NP
of IN B-PP
a DT B-NP
securities NNS I-NP
offering NN I-NP
previously RB B-VP
earmarked VBD I-VP
for IN B-PP
the DT B-NP
UAL NNP I-NP
buy-out NN I-NP
. . O

Also RB B-ADVP
late JJ B-NP
last JJ I-NP
week NN I-NP
, , O
UAL NNP B-NP
flight NN I-NP
attendants NNS I-NP
agreed VBD B-VP
to TO I-VP
participate VB I-VP
with IN B-PP
the DT B-NP
pilots NNS I-NP
in IN B-PP
crafting VBG B-VP
a DT B-NP
revised VBN I-NP
offer NN I-NP
. . O

But CC O
the DT B-NP
machinists NNS I-NP
union NN I-NP
, , O
whose WP$ B-NP
opposition NN I-NP
helped VBD B-VP
scuttle VB I-VP
the DT B-NP
first JJ I-NP
buy-out NN I-NP
bid NN I-NP
, , O
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
favor VB I-VP
a DT B-NP
recapitalization NN I-NP
with IN B-PP
a DT B-NP
friendly JJ I-NP
third-party JJ I-NP
investor NN I-NP
. . O

One CD B-NP
advantage NN I-NP
the DT B-NP
buy-out NN I-NP
group NN I-NP
intends VBZ B-VP
to TO I-VP
press VB I-VP
with IN B-PP
the DT B-NP
board NN I-NP
is VBZ B-VP
that IN B-SBAR
pilots NNS B-NP
have VBP B-VP
agreed VBN I-VP
to TO I-VP
make VB I-VP
$ $ B-NP
200 CD I-NP
million CD I-NP
in IN B-PP
annual JJ B-NP
cost NN I-NP
concessions NNS I-NP
to TO B-VP
help VB I-VP
finance VB I-VP
a DT B-NP
bid NN I-NP
. . O

Speculation NN B-NP
has VBZ B-VP
also RB I-VP
arisen VBN I-VP
that IN B-SBAR
the DT B-NP
UAL NNP I-NP
executive NN I-NP
most RBS B-VP
closely RB I-VP
identified VBN I-VP
with IN B-PP
the DT B-NP
failure NN I-NP
to TO B-VP
gain VB I-VP
bank NN B-NP
financing NN I-NP
, , O
chief JJ B-NP
financial JJ I-NP
officer NN I-NP
John NNP I-NP
Pope NNP I-NP
, , O
may MD B-VP
come VB I-VP
under IN B-PP
pressure NN B-NP
to TO B-VP
resign VB I-VP
. . O

However RB B-ADVP
, , O
people NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
buy-out NN I-NP
group NN I-NP
said VBD B-VP
Mr. NNP B-NP
Pope NNP I-NP
's POS B-NP
departure NN I-NP
would MD B-VP
weaken VB I-VP
the DT B-NP
airline NN I-NP
's POS B-NP
management NN I-NP
at IN B-PP
a DT B-NP
critical JJ I-NP
time NN I-NP
. . O

Despite IN B-PP
the DT B-NP
buy-out NN I-NP
group NN I-NP
's POS B-NP
failure NN I-NP
to TO B-VP
obtain VB I-VP
financing NN B-NP
, , O
UAL NNP B-NP
remains VBZ B-VP
obligated VBN B-ADJP
to TO B-VP
pay VB I-VP
$ $ B-NP
26.7 CD I-NP
million CD I-NP
in IN B-PP
investment NN B-NP
banking NN I-NP
and CC O
legal JJ B-NP
fees NNS I-NP
to TO B-PP
the DT B-NP
group NN I-NP
's POS B-NP
advisers NNS I-NP
, , O
Lazard NNP B-NP
Freres NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
Salomon NNP B-NP
Brothers NNP I-NP
Inc. NNP I-NP
, , O
and CC O
Paul NNP B-NP
Weiss NNP I-NP
Rifkind NNP I-NP
Wharton NNP I-NP
& CC I-NP
Garrison NNP I-NP
. . O

Whittle NNP B-NP
Communications NNP I-NP
Limited NNP I-NP
Partnership NNP I-NP
, , O
Knoxville NNP B-NP
, , O
Tenn. NNP B-NP
, , O
will MD B-VP
launch VB I-VP
its PRP$ B-NP
first JJ I-NP
media NNS I-NP
property NN I-NP
targeting VBG B-VP
Hispanic JJ B-NP
women NNS I-NP
. . O

`` `` O
La NNP B-NP
Familia NNP I-NP
de FW I-NP
Hoy NNP I-NP
, , O
'' '' O
or CC O
`` `` O
Today NN B-NP
's POS B-NP
Family NNP I-NP
, , O
'' '' O
will MD B-VP
debut VB I-VP
this DT B-NP
spring NN I-NP
and CC O
will MD B-VP
combine VB I-VP
a DT B-NP
national JJ I-NP
bimonthly JJ I-NP
magazine NN I-NP
and CC O
TV NN B-NP
programming NN I-NP
. . O

The DT B-NP
television NN I-NP
element NN I-NP
of IN B-PP
`` `` O
La NNP B-NP
Familia NNP I-NP
'' '' O
includes VBZ B-VP
a DT B-NP
series NN I-NP
of IN B-PP
two-minute JJ B-NP
informational JJ I-NP
features NNS I-NP
to TO B-VP
air VB I-VP
seven CD B-NP
days NNS I-NP
a DT B-NP
week NN I-NP
on IN B-PP
the DT B-NP
Spanish-language NNP I-NP
Univision NNP I-NP
network NN I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Univision NNP B-NP
Holdings NNP I-NP
Inc. NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
80%-owned JJ O
by IN B-PP
Hallmark NNP B-NP
Cards NNP I-NP
Inc NNP I-NP
. . O

The DT B-NP
features NNS I-NP
will MD B-VP
focus VB I-VP
on IN B-PP
`` `` O
parenting NN B-NP
, , O
family NN B-NP
health NN I-NP
and CC I-NP
nutrition NN I-NP
, , O
and CC O
financial JJ B-NP
management NN I-NP
, , O
'' '' O
and CC O
will MD B-VP
carry VB I-VP
30 CD B-NP
seconds NNS I-NP
of IN B-PP
advertising NN B-NP
. . O

The DT B-NP
magazines NNS I-NP
, , B-NP
also RB I-NP
ad-supported JJ B-ADJP
, , O
will MD B-VP
be VB I-VP
distributed VBN I-VP
in IN B-PP
more JJR O
than IN O
10,000 CD O
doctors NNS B-NP
' POS B-NP
offices NNS I-NP
, , I-NP
clinics NNS I-NP
, , I-NP
and CC I-NP
health NN I-NP
centers NNS I-NP
in IN B-PP
Hispanic JJ B-NP
and CC I-NP
largely RB I-NP
Hispanic JJ I-NP
communities NNS I-NP
. . O

WEIRTON NNP B-NP
STEEL NNP I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
completed VBD B-VP
a DT B-NP
$ $ I-NP
300 CD I-NP
million CD I-NP
sale NN I-NP
of IN B-PP
10-year JJ B-NP
notes NNS I-NP
, , O
the DT B-NP
final JJ I-NP
step NN I-NP
in IN B-PP
the DT B-NP
1984 CD I-NP
buy-out NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
from IN B-PP
National NNP B-NP
Steel NNP I-NP
Corp NNP I-NP
. . O

The DT B-NP
10 CD I-NP
7\/8 CD I-NP
% NN I-NP
notes NNS I-NP
were VBD B-VP
priced VBN I-VP
at IN B-PP
99.5 CD B-NP
% NN I-NP
to TO B-VP
yield VB I-VP
10.958 CD B-NP
% NN I-NP
in IN B-PP
an DT B-NP
offering NN I-NP
managed VBN B-VP
by IN B-PP
Bear NNP B-NP
, , I-NP
Stearns NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc. NNP I-NP
and CC O
Lazard NNP B-NP
Freres NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Weirton NNP B-NP
, , O
of IN B-PP
Weirton NNP B-NP
, , O
W. NNP B-NP
Va. NNP I-NP
, , O
said VBD B-VP
$ $ B-NP
60.3 CD I-NP
million CD I-NP
of IN B-PP
the DT B-NP
proceeds NNS I-NP
were VBD B-VP
used VBN I-VP
to TO B-VP
prepay VB I-VP
the DT B-NP
remaining VBG I-NP
amounts NNS I-NP
on IN B-PP
the DT B-NP
note NN I-NP
outstanding JJ B-ADJP
to TO B-PP
National NNP B-NP
Intergroup NNP I-NP
Inc. NNP I-NP
, , O
the DT B-NP
parent NN I-NP
of IN B-PP
National NNP B-NP
Steel NNP I-NP
. . O

Remaining VBG B-NP
proceeds NNS I-NP
were VBD B-VP
used VBN I-VP
to TO B-VP
pay VB I-VP
other JJ B-NP
debt NN I-NP
and CC O
to TO B-VP
finance VB I-VP
the DT B-NP
company NN I-NP
's POS B-NP
capital NN I-NP
spending NN I-NP
program NN I-NP
. . O

Lep NNP B-NP
Group NNP I-NP
PLC NNP I-NP
of IN B-PP
Britain NNP B-NP
, , O
which WDT B-NP
holds VBZ B-VP
a DT B-NP
62.42 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
Profit NN B-NP
Systems NNP I-NP
Inc. NNP I-NP
, , O
said VBD B-VP
it PRP B-NP
is VBZ B-VP
considering VBG I-VP
courses NNS B-NP
of IN B-PP
action NN B-NP
that WDT B-NP
could MD B-VP
result VB I-VP
in IN B-PP
its PRP$ B-NP
having VBG B-VP
`` `` O
active JJ B-NP
control NN I-NP
'' '' O
of IN B-PP
the DT B-NP
company NN I-NP
. . O

In IN B-PP
a DT B-NP
filing NN I-NP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
, , O
Lep NNP B-NP
Group NNP I-NP
said VBD B-VP
a DT B-NP
possible JJ I-NP
course NN I-NP
of IN B-PP
action NN B-NP
may MD B-VP
include VB I-VP
acquiring VBG I-VP
some DT B-NP
or CC I-NP
all DT I-NP
of IN B-PP
the DT B-NP
Profit NN I-NP
Systems NNPS I-NP
shares NNS I-NP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
already RB I-VP
own JJ I-VP
. . O

It PRP B-NP
noted VBD B-VP
, , O
however RB B-ADVP
, , O
that IN B-SBAR
it PRP B-NP
has VBZ B-VP
n't RB I-VP
determined VBN I-VP
any DT B-NP
specific JJ I-NP
terms NNS I-NP
of IN B-PP
a DT B-NP
possible JJ I-NP
transaction NN I-NP
. . O

Lep NNP B-NP
Group NNP I-NP
and CC O
affiliates NNS B-NP
currently JJ B-ADVP
control NN B-VP
3,513,072 CD O
Profit NN B-NP
Systems NNPS I-NP
common JJ B-NP
shares NNS I-NP
, , O
or CC O
62.42 CD B-NP
% NN I-NP
, , O
the DT B-NP
filing NN I-NP
said VBD B-VP
. . O

Profit NN B-NP
Systems NNPS I-NP
, , O
Valley NNP B-NP
Stream NNP I-NP
, , O
N.Y. NNP B-NP
, , O
is VBZ B-VP
an DT B-NP
air NN I-NP
freight NN I-NP
forwarding NN I-NP
concern NN I-NP
. . O

U.S. NNP B-NP
official JJ I-NP
reserve NN I-NP
assets NNS I-NP
rose VBD B-VP
$ $ B-NP
6.05 CD I-NP
billion CD I-NP
in IN B-PP
September NNP B-NP
, , O
to TO B-PP
$ $ B-NP
68.42 CD I-NP
billion CD I-NP
, , O
the DT B-NP
Treasury NNP I-NP
Department NNP I-NP
said VBD B-VP
. . O

The DT B-NP
gain NN I-NP
compared VBN B-VP
with IN B-PP
a DT B-NP
$ $ I-NP
1.10 CD I-NP
billion CD I-NP
decline NN I-NP
in IN B-PP
reserve NN B-NP
assets NNS I-NP
in IN B-PP
August NNP B-NP
to TO B-PP
$ $ B-NP
62.36 CD I-NP
billion CD I-NP
, , O
the DT B-NP
department NN I-NP
said VBD B-VP
. . O

U.S. NNP B-NP
reserve NN I-NP
assets NNS I-NP
consist VBP B-VP
of IN B-PP
foreign JJ B-NP
currencies NNS I-NP
, , O
gold NN B-NP
, , O
special JJ B-NP
drawing NN I-NP
rights NNS I-NP
at IN B-PP
the DT B-NP
International NNP I-NP
Monetary NNP I-NP
Fund NNP I-NP
and CC O
the DT B-NP
U.S. NNP I-NP
reserve NN I-NP
position NN I-NP
-- : O
its PRP$ B-NP
ability NN I-NP
to TO B-VP
draw VB I-VP
foreign JJ B-NP
currencies NNS I-NP
-- : O
at IN B-PP
the DT B-NP
IMF NNP I-NP
. . O

The DT B-NP
nation NN I-NP
's POS B-NP
holdings NNS I-NP
of IN B-PP
foreign JJ B-NP
currencies NNS I-NP
increased VBN B-VP
$ $ B-NP
5.67 CD I-NP
billion CD I-NP
in IN B-PP
September NNP B-NP
to TO B-PP
$ $ B-NP
39.08 CD I-NP
billion CD I-NP
, , O
while IN B-SBAR
its PRP$ B-NP
gold NN I-NP
reserves NNS I-NP
were VBD B-VP
virtually RB B-ADJP
unchanged JJ I-ADJP
at IN B-PP
$ $ B-NP
11.07 CD I-NP
billion CD I-NP
. . O

U.S. NNP B-NP
holdings NNS I-NP
of IN B-PP
IMF NNP B-NP
special JJ I-NP
drawing NN I-NP
rights NNS I-NP
last JJ B-NP
month NN I-NP
rose VBD B-VP
$ $ B-NP
247 CD I-NP
million CD I-NP
, , O
to TO B-PP
$ $ B-NP
9.49 CD I-NP
billion CD I-NP
, , O
and CC O
its PRP$ B-NP
reserve NN I-NP
position NN I-NP
at IN B-PP
the DT B-NP
IMF NNP I-NP
increased VBD B-VP
$ $ B-NP
142 CD I-NP
million CD I-NP
, , O
to TO B-PP
$ $ B-NP
8.79 CD I-NP
billion CD I-NP
. . O

Alusuisse NNP B-NP
of IN B-PP
America NNP B-NP
Inc. NNP I-NP
plans VBZ B-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
Consolidated NNP I-NP
Aluminum NNP I-NP
Corp. NNP I-NP
subsidiary NN I-NP
as IN B-PP
part NN B-NP
of IN B-PP
its PRP$ B-NP
strategy NN I-NP
to TO B-VP
focus VB I-VP
more JJR B-ADVP
on IN B-PP
aluminum NN B-NP
packaging NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

Alusuisse NNP B-NP
, , O
of IN B-PP
New NNP B-NP
York NNP I-NP
, , O
declined VBD B-VP
to TO I-VP
say VB I-VP
how WRB B-NP
much JJ I-NP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
get VB I-VP
for IN B-PP
the DT B-NP
unit NN I-NP
; : O
the DT B-NP
company NN I-NP
has VBZ B-VP
hired VBN I-VP
First NNP B-NP
Boston NNP I-NP
Corp. NNP I-NP
to TO B-VP
help VB I-VP
identify VB I-VP
bidders NNS B-NP
. . O

Alusuisse NNP B-NP
is VBZ B-VP
a DT B-NP
subsidiary NN I-NP
of IN B-PP
Swiss NNP B-NP
Aluminium NNP I-NP
Ltd. NNP I-NP
, , O
a DT B-NP
Zurich NNP I-NP
, , I-NP
Switzerland NNP I-NP
, , I-NP
producer NN I-NP
of IN B-PP
aluminum NN B-NP
, , O
chemicals NNS B-NP
and CC O
packaging NN B-NP
products NNS I-NP
. . O

Consolidated NNP B-NP
, , O
which WDT B-NP
had VBD B-VP
1988 CD B-NP
revenue NN I-NP
of IN B-PP
$ $ B-NP
400 CD I-NP
million CD I-NP
, , O
makes VBZ B-VP
aluminum NN B-NP
sheet NN I-NP
and CC I-NP
foil NN I-NP
products NNS I-NP
at IN B-PP
its PRP$ B-NP
Hannibal NNP I-NP
, , I-NP
Ohio NNP I-NP
, , I-NP
and CC I-NP
Jackson NNP I-NP
, , I-NP
Tenn. NNP I-NP
, , I-NP
rolling VBG I-NP
mills NNS I-NP
and CC O
recycles VBZ B-VP
aluminum NN B-NP
at IN B-PP
a DT B-NP
plant NN I-NP
in IN B-PP
Bens NNP B-NP
Run NNP I-NP
, , O
W.Va NNP B-NP
. . O

Manhattan NNP B-NP
National NNP I-NP
Corp. NNP I-NP
said VBD B-VP
Michael NNP B-NP
A. NNP I-NP
Conway NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
, , O
was VBD B-VP
elected VBN I-VP
chief JJ B-NP
executive NN I-NP
of IN B-PP
the DT B-NP
holding VBG I-NP
company NN I-NP
's POS B-NP
two CD I-NP
principal JJ I-NP
insurance NN I-NP
subsidiaries NNS I-NP
. . O

He PRP B-NP
succeeds VBZ B-VP
Paul NNP B-NP
P. NNP I-NP
Aniskovich NNP I-NP
Jr. NNP I-NP
, , O
who WP B-NP
resigned VBD B-VP
to TO B-VP
pursue VB I-VP
other JJ B-NP
business NN I-NP
interests NNS I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Mr. NNP B-NP
Conway NNP I-NP
, , O
42 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
was VBD B-VP
elected VBN I-VP
chairman NN B-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
of IN B-PP
Manhattan NNP B-NP
Life NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
and CC O
president NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
of IN B-PP
Manhattan NNP B-NP
National NNP I-NP
Life NNP I-NP
Insurance NNP I-NP
Co NNP I-NP
. . O

Harry NNP B-NP
Rossi NNP I-NP
, , O
69 CD B-NP
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
holding VBG I-NP
company NN I-NP
, , O
also RB B-ADVP
remains VBZ B-VP
chairman NN B-NP
of IN B-PP
Manhattan NNP B-NP
National NNP I-NP
Life NNP I-NP
Insurance NNP I-NP
Co NNP I-NP
. . O

Mr. NNP B-NP
Conway NNP I-NP
was VBD B-VP
executive JJ B-NP
vice NN I-NP
president NN I-NP
and CC O
chief JJ B-NP
investment NN I-NP
officer NN I-NP
of IN B-PP
Union NNP B-NP
Central NNP I-NP
Life NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
of IN B-PP
Cincinnati NNP B-NP
, , O
in IN B-PP
1987 CD B-NP
, , O
when WRB B-ADVP
Union NNP B-NP
Central NNP I-NP
bought VBD B-VP
a DT B-NP
54 CD I-NP
% NN I-NP
interest NN I-NP
in IN B-PP
Manhattan NNP B-NP
National NNP I-NP
Corp NNP I-NP
. . O

He PRP B-NP
resigned VBD B-VP
as IN B-PP
an DT B-NP
officer NN I-NP
of IN B-PP
Central NNP B-NP
Life NNP I-NP
to TO B-VP
accept VB I-VP
the DT B-NP
Manhattan NNP I-NP
National NNP I-NP
presidency NN I-NP
. . O

Daniel NNP B-NP
J. NNP I-NP
Terra NNP I-NP
, , O
a DT B-NP
director NN I-NP
of IN B-PP
First NNP B-NP
Illinois NNP I-NP
Corp. NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
in IN B-PP
August NNP B-NP
he PRP B-NP
reduced VBD B-VP
his PRP$ B-NP
stake NN I-NP
in IN B-PP
First NNP B-NP
Illinois NNP I-NP
to TO B-PP
26.48 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
common JJ I-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

In IN B-PP
a DT B-NP
filing NN I-NP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
, , O
Mr. NNP B-NP
Terra NNP I-NP
said VBD B-VP
he PRP B-NP
sold VBD B-VP
263,684 CD B-NP
First NNP I-NP
Illinois NNP I-NP
common JJ I-NP
shares NNS I-NP
from IN B-PP
Aug. NNP B-NP
9 CD I-NP
to TO B-PP
Aug. NNP B-NP
28 CD I-NP
for IN B-PP
$ $ B-NP
9.9375 CD I-NP
to TO I-NP
$ $ I-NP
10.5625 CD I-NP
a DT B-NP
share NN I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
the DT B-NP
sales NNS I-NP
he PRP B-NP
holds VBZ B-VP
6,727,042 CD B-NP
shares NNS I-NP
. . O

Mr. NNP B-NP
Terra NNP I-NP
said VBD B-VP
in IN B-PP
the DT B-NP
filing NN I-NP
that IN B-SBAR
he PRP B-NP
sold VBD B-VP
the DT B-NP
stock NN I-NP
to TO B-VP
decrease VB I-VP
his PRP$ B-NP
position NN I-NP
in IN B-PP
the DT B-NP
Evanston NNP I-NP
, , I-NP
Ill. NNP I-NP
, , I-NP
banking NN I-NP
concern NN I-NP
. . O

He PRP B-NP
may MD B-VP
sell VB I-VP
more JJR B-NP
shares NNS I-NP
in IN B-PP
the DT B-NP
open JJ I-NP
market NN I-NP
or CC B-PP
in IN B-PP
private JJ B-NP
transactions NNS I-NP
, , O
but CC O
would MD B-VP
n't RB I-VP
rule VB I-VP
out IN B-PRT
changing VBG B-VP
his PRP$ B-NP
intentions NNS I-NP
and CC O
buying VBG B-VP
shares NNS B-NP
, , O
the DT B-NP
filing NN I-NP
said VBD B-VP
. . O

SciMed NNP B-NP
Life NNP I-NP
Systems NNP I-NP
Inc. NNP I-NP
, , O
Minneapolis NNP B-NP
, , O
said VBD B-VP
a DT B-NP
federal JJ I-NP
appeals NNS I-NP
court VBP I-NP
vacated VBD B-VP
an DT B-NP
earlier JJR I-NP
summary NN I-NP
judgment NN I-NP
in IN B-PP
its PRP$ B-NP
favor NN I-NP
. . O

A DT B-NP
lower JJR I-NP
court NN I-NP
in IN B-PP
St. NNP B-NP
Paul NNP I-NP
had VBD B-VP
ruled VBN I-VP
in IN B-PP
September NNP B-NP
1988 CD I-NP
that IN B-SBAR
a DT B-NP
heart NN I-NP
catheter NN I-NP
SciMed NNP B-NP
manufactures VBZ B-VP
does VBZ B-VP
n't RB I-VP
infringe VB I-VP
on IN B-PP
a DT B-NP
patent NN I-NP
owned VBN B-VP
by IN B-PP
Advanced NNP B-NP
Cardiovascular NNP I-NP
Systems NNPS I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Eli NNP B-NP
Lilly NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

SciMed NNP B-NP
said VBD B-VP
the DT B-NP
appeals NNS I-NP
court VBP I-NP
remanded VBD B-VP
the DT B-NP
case NN I-NP
back RB B-ADVP
to TO B-PP
the DT B-NP
district NN I-NP
court NN I-NP
for IN B-PP
further JJ B-NP
proceedings NNS I-NP
. . O

In IN B-PP
national JJ B-NP
over-the-counter JJ I-NP
trading NN I-NP
Friday NNP B-NP
, , O
SciMed NNP B-NP
shares NNS I-NP
tumbled VBD B-VP
$ $ B-NP
2.75 CD I-NP
to TO B-PP
$ $ B-NP
43 CD I-NP
. . O

SciMed NNP B-NP
said VBD B-VP
it PRP B-NP
`` `` O
remains VBZ B-VP
committed VBN B-ADJP
'' '' O
both DT O
to TO B-PP
the DT B-NP
`` `` I-NP
vigorous JJ I-NP
defense NN I-NP
'' '' O
of IN B-PP
its PRP$ B-NP
position NN I-NP
that IN B-SBAR
the DT B-NP
catheter NN I-NP
does VBZ B-VP
n't RB I-VP
infringe VB I-VP
the DT B-NP
Lilly NNP I-NP
unit NN I-NP
's POS B-NP
patent NN I-NP
, , B-PP
and CC I-PP
to TO B-PP
the DT B-NP
pursuit NN I-NP
of IN B-PP
its PRP$ B-NP
own JJ I-NP
counterclaims NNS I-NP
, , O
which WDT B-NP
allege VBP B-VP
Lilly NNP B-NP
engaged VBD B-VP
in IN B-PP
antitrust JJ B-NP
violations NNS I-NP
and CC O
other JJ B-NP
wrongful JJ I-NP
acts NNS I-NP
. . O

A DT B-NP
REVISED VBN I-NP
BID NNP I-NP
FOR IN B-PP
UAL NNP B-NP
is VBZ B-VP
being VBG I-VP
prepared VBN I-VP
by IN B-PP
a DT B-NP
labor-management JJ I-NP
group NN I-NP
, , O
sources NNS B-NP
said VBD B-VP
. . O

The DT B-NP
new JJ I-NP
proposal NN I-NP
, , O
which WDT B-NP
would MD B-VP
transfer VB I-VP
majority NN B-NP
ownership NN I-NP
of IN B-PP
United NNP B-NP
Air NNP I-NP
's POS B-NP
parent NN I-NP
to TO B-PP
employees NNS B-NP
and CC O
leave VB B-VP
some DT B-NP
stock NN I-NP
in IN B-PP
public JJ B-NP
hands NNS I-NP
, , O
would MD B-VP
be VB I-VP
valued VBN I-VP
at IN B-PP
$ $ B-NP
225 CD I-NP
to TO I-NP
$ $ I-NP
240 CD I-NP
a DT B-NP
share NN I-NP
, , O
or CC O
as RB B-NP
much JJ I-NP
as IN I-NP
$ $ I-NP
5.42 CD I-NP
billion CD I-NP
. . O

But CC O
UAL NNP B-NP
's POS B-NP
board NN I-NP
is VBZ B-VP
n't RB I-VP
expected VBN I-VP
to TO I-VP
give VB I-VP
quick JJ B-NP
approval NN I-NP
to TO B-PP
any DT B-NP
offer NN I-NP
substantially RB B-ADVP
below IN B-PP
the DT B-NP
$ $ I-NP
300-a-share JJ I-NP
bid NN I-NP
that WDT B-NP
collapsed VBD B-VP
recently RB B-ADVP
. . O

Takeover NN B-NP
stock NN I-NP
speculators NNS I-NP
have VBP B-VP
incurred VBN I-VP
paper NN B-NP
losses NNS I-NP
of IN B-PP
over IN B-NP
$ $ I-NP
700 CD I-NP
million CD I-NP
from IN B-PP
the DT B-NP
failed VBN I-NP
UAL NNP I-NP
offer NN I-NP
, , O
their PRP$ B-NP
worst JJS I-NP
loss NN I-NP
ever RB B-ADVP
on IN B-PP
a DT B-NP
single JJ I-NP
deal NN I-NP
. . O

Ford NNP B-NP
and CC I-NP
Saab NNP I-NP
ended VBD B-VP
talks NNS B-NP
about IN B-PP
a DT B-NP
possible JJ I-NP
alliance NN I-NP
after IN B-SBAR
Ford NNP B-NP
concluded VBD B-VP
that IN B-SBAR
the DT B-NP
cost NN I-NP
to TO B-VP
modernize VB I-VP
Saab NNP B-NP
's POS B-NP
car NN I-NP
operations NNS I-NP
would MD B-VP
outweigh VB I-VP
the DT B-NP
likely JJ I-NP
return NN I-NP
. . O

The DT B-NP
collapse NN I-NP
Friday NNP B-NP
prompted VBD B-VP
speculation NN B-NP
that IN B-SBAR
Ford NNP B-NP
would MD B-VP
intensify VB I-VP
its PRP$ B-NP
pursuit NN I-NP
of IN B-PP
Jaguar NNP B-NP
, , O
which WDT B-NP
is VBZ B-VP
negotiating VBG I-VP
a DT B-NP
defensive JJ I-NP
alliance NN I-NP
with IN B-PP
GM NNP B-NP
. . O

Stock NN B-NP
prices NNS I-NP
edged VBD B-VP
up IN B-ADVP
in IN B-PP
quiet JJ B-NP
trading NN I-NP
Friday NNP B-NP
. . O

The DT B-NP
Dow NNP I-NP
Jones NNP I-NP
industrials NNS I-NP
rose VBD B-VP
5.94 CD B-NP
, , O
to TO B-PP
2689.14 CD B-NP
, , O
making VBG B-VP
the DT B-NP
gain NN I-NP
for IN B-PP
the DT B-NP
week NN I-NP
a DT B-NP
record NN I-NP
119.88 CD I-NP
points NNS I-NP
, , O
or CC O
4.7 CD B-NP
% NN I-NP
. . O

Most JJS B-NP
bond NN I-NP
prices NNS I-NP
fell VBD B-VP
, , O
but CC O
junk NN B-NP
bonds NNS I-NP
and CC O
the DT B-NP
dollar NN I-NP
rose VBD B-VP
. . O

New NNP B-NP
York NNP I-NP
City NNP I-NP
bonds NNS I-NP
were VBD B-VP
sold VBN I-VP
off IN B-PRT
by IN B-PP
many JJ B-NP
investors NNS I-NP
last JJ B-NP
week NN I-NP
amid IN B-PP
political JJ B-NP
and CC I-NP
economic JJ I-NP
uncertainty NN I-NP
. . O

More JJR B-NP
banks NNS I-NP
are VBP B-VP
being VBG I-VP
hurt VBN I-VP
by IN B-PP
Arizona NNP B-NP
's POS B-NP
worsening VBG I-NP
real-estate NN I-NP
slump NN I-NP
. . O

First NNP B-NP
Interstate NNP I-NP
Bancorp NNP I-NP
of IN B-PP
Los NNP B-NP
Angeles NNP I-NP
said VBD B-VP
Friday NNP B-NP
it PRP B-NP
expects VBZ B-VP
a DT B-NP
$ $ I-NP
16 CD I-NP
million CD I-NP
quarterly JJ I-NP
loss NN I-NP
, , O
citing VBG B-VP
property-loan JJ B-NP
losses NNS I-NP
at IN B-PP
its PRP$ B-NP
Arizona NNP I-NP
unit NN I-NP
. . O

OPEC NNP B-NP
's POS B-NP
ability NN I-NP
to TO B-VP
produce VB I-VP
more JJR B-NP
oil NN I-NP
than IN B-SBAR
it PRP B-NP
can MD B-VP
sell VB I-VP
is VBZ B-VP
starting VBG I-VP
to TO I-VP
cast VB I-VP
a DT B-NP
shadow NN I-NP
over IN B-PP
world NN B-NP
oil NN I-NP
markets NNS I-NP
. . O

OPEC NNP B-NP
officials NNS I-NP
worry VBP B-VP
that IN B-SBAR
prices NNS B-NP
could MD B-VP
collapse VB I-VP
a DT B-NP
few JJ I-NP
months NNS I-NP
from IN B-PP
now RB B-NP
if IN B-SBAR
the DT B-NP
group NN I-NP
does VBZ B-VP
n't RB I-VP
adopt VB I-VP
new JJ B-NP
quotas NNS I-NP
. . O

Saatchi NNP B-NP
& CC I-NP
Saatchi NNP I-NP
has VBZ B-VP
attracted VBN I-VP
offers VBZ B-NP
for IN B-PP
some DT B-NP
of IN B-PP
its PRP$ B-NP
advertising NN I-NP
units NNS I-NP
but CC O
has VBZ B-VP
rejected VBN I-VP
them PRP B-NP
, , O
sources NNS B-NP
said VBD B-VP
. . O

The DT B-NP
proposals NNS I-NP
, , O
from IN B-PP
suitors NNS B-NP
including VBG B-PP
Interpublic NNP B-NP
Group NNP I-NP
, , O
come VB B-VP
as IN B-SBAR
the DT B-NP
London-based JJ I-NP
ad NN I-NP
giant NN I-NP
struggles NNS B-VP
through IN B-PP
its PRP$ B-NP
most RBS I-NP
difficult JJ I-NP
period NN I-NP
ever RB B-ADVP
. . O

Qintex NNP B-NP
Australia NNP I-NP
suffered VBD B-VP
another DT B-NP
setback NN I-NP
Friday NNP B-NP
when WRB B-ADVP
its PRP$ B-NP
Los NNP I-NP
Angeles-based JJ I-NP
affiliate NN I-NP
filed VBN B-VP
for IN B-PP
Chapter NN B-NP
11 CD I-NP
protection NN I-NP
. . O

Qintex NNP B-NP
's POS B-NP
$ $ B-ADJP
1.5 CD O
billion CD O
pact NN B-NP
to TO B-VP
buy VB I-VP
MGM\/UA NNP B-NP
collapsed VBD B-VP
recently RB B-ADVP
. . O

Kodak NNP B-NP
entered VBD B-VP
the DT B-NP
high-definition JJ I-NP
television NN I-NP
market NN I-NP
by IN B-PP
unveiling VBG B-VP
a DT B-NP
device NN I-NP
that WDT B-NP
can MD B-VP
convert VB I-VP
conventional JJ B-NP
film NN I-NP
into IN B-PP
high-definition JJ B-NP
video NN I-NP
. . O

A DT B-NP
handful NN I-NP
of IN B-PP
small JJ B-NP
U.S. NNP I-NP
firms NNS I-NP
are VBP B-VP
refusing VBG I-VP
to TO I-VP
cede VB I-VP
the DT B-NP
HDTV-screen JJ I-NP
market NN I-NP
to TO B-PP
Japanese JJ B-NP
manufacturers NNS I-NP
. . O

Freight NN B-NP
rates NNS I-NP
are VBP B-VP
bottoming VBG I-VP
out IN B-PRT
and CC O
starting VBG B-VP
to TO I-VP
rebound VB I-VP
. . O

Trucking NNP B-NP
, , I-NP
shipping VBG I-NP
and CC I-NP
air-freight NN I-NP
firms NNS I-NP
are VBP B-VP
all DT O
planning NN B-VP
rate NN B-NP
increases NNS I-NP
, , O
reflecting VBG B-VP
higher JJR B-NP
costs NNS I-NP
and CC O
tightened VBD B-NP
demand NN I-NP
. . O

Texaco NNP B-NP
has VBZ B-VP
purchased VBN I-VP
an DT B-NP
oil-producing JJ I-NP
company NN I-NP
in IN B-PP
Texas NNP B-NP
for IN B-PP
$ $ B-NP
476.5 CD I-NP
million CD I-NP
. . O

It PRP B-NP
is VBZ B-VP
Texaco NNP B-NP
's POS B-NP
first JJ I-NP
major JJ I-NP
acquisition NN I-NP
since IN B-SBAR
the DT B-NP
legal JJ I-NP
battle NN I-NP
with IN B-PP
Pennzoil NNP B-NP
began VBD B-VP
over IN B-NP
four CD I-NP
years NNS I-NP
ago RB B-ADVP
. . O

Winnebago NNP B-NP
posted VBD B-VP
a DT B-NP
widened VBD I-NP
quarterly JJ I-NP
loss NN I-NP
and CC O
slashed VBD B-VP
its PRP$ B-NP
dividend NN I-NP
in IN B-PP
half NN B-NP
, , O
reflecting VBG B-VP
the DT B-NP
deepening VBG I-NP
slowdown NN I-NP
in IN B-PP
recreational JJ B-NP
vehicle NN I-NP
sales NNS I-NP
. . O

Markets NNS B-NP
-- : O

Stocks NNS B-NP
: : O

Volume NN B-NP
164,830,000 CD B-NP
shares NNS I-NP
. . O

Dow NNP B-NP
Jones NNP I-NP
industrials NNS I-NP
2689.14 CD B-NP
, , O
up IN B-ADVP
5.94 CD B-NP
; : O
transportation NN B-NP
1230.80 CD B-NP
, , O
off IN B-ADVP
32.71 CD B-NP
; : O
utilities NNS B-NP
215.48 CD B-NP
, , O
up IN B-ADVP
0.06 CD B-NP
. . O

Bonds NNS B-NP
: : O

Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Treasury NNP I-NP
index NN I-NP
3392.49 CD B-NP
, , O
off IN B-ADVP

Commodities NNS B-NP
: : O

Dow NNP B-NP
Jones NNP I-NP
futures NNS I-NP
index NN I-NP
129.62 CD B-NP
, , O
off IN B-ADVP
0.51 CD B-NP
; : O
spot NN B-NP
index NN I-NP
131.34 CD B-NP
, , O
up IN B-ADVP
0.88 CD B-NP
. . O

Dollar NN B-NP
: : O

142.43 CD B-NP
yen NN I-NP
, , O
up IN B-ADVP
0.73 CD B-NP
; : O
1.8578 CD B-NP
marks NNS I-NP
, , O
up IN B-ADVP
0.0108 CD B-NP
. . O

Inmac NNP B-NP
Corp. NNP I-NP
, , O
a DT B-NP
money-losing JJ I-NP
direct JJ I-NP
marketer NN I-NP
of IN B-PP
computer NN B-NP
supplies NNS I-NP
and CC I-NP
accessories NNS I-NP
, , O
said VBD B-VP
directors NNS B-NP
suspended VBD B-VP
payment NN B-NP
of IN B-PP
its PRP$ B-NP
semiannual JJ I-NP
dividend NN I-NP
as IN B-PP
too RB B-NP
great JJ I-NP
a DT I-NP
drain NN I-NP
on IN B-PP
funds NNS B-NP
. . O

The DT B-NP
company NN I-NP
paid VBN B-VP
five CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
in IN B-PP
April NNP B-NP
. . O

The DT B-NP
directors NNS I-NP
' POS B-NP
action NN I-NP
, , O
taken VBN B-VP
Oct. NNP B-NP
10 CD I-NP
but CC O
announced VBD B-VP
Friday NNP B-NP
, , O
had VBD B-VP
little JJ B-NP
or CC I-NP
no DT I-NP
effect NN I-NP
on IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
stock NN I-NP
, , O
which WDT B-NP
stagnated VBD B-VP
at IN B-PP
$ $ B-NP
4.75 CD I-NP
in IN B-PP
light NN B-NP
over-the-counter JJ I-NP
trading NN I-NP
. . O

Inmac NNP B-NP
recently RB B-ADVP
disclosed VBD B-VP
a DT B-NP
$ $ I-NP
12.3 CD I-NP
million CD I-NP
write-off NN I-NP
related VBN B-VP
to TO B-PP
a DT B-NP
corporate JJ I-NP
restructuring NN I-NP
that WDT B-NP
resulted VBD B-VP
in IN B-PP
the DT B-NP
company NN I-NP
's VBZ B-NP
posting VBG B-VP
a DT B-NP
$ $ I-NP
6.4 CD I-NP
million CD I-NP
net JJ I-NP
loss NN I-NP
for IN B-PP
the DT B-NP
year NN I-NP
ended VBN B-VP
July NNP B-NP
29 CD I-NP
, , O
compared VBN B-PP
with IN B-PP
year-earlier JJ B-NP
profit NN I-NP
of IN B-PP
$ $ B-NP
9.7 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.02 CD I-NP
a DT B-NP
share NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
12 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
249.5 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
222.8 CD I-NP
million CD I-NP
. . O

`` `` O
The DT B-NP
board NN I-NP
felt VBD B-VP
that IN B-SBAR
the DT B-NP
continued VBN I-NP
payment NN I-NP
of IN B-PP
our PRP$ B-NP
semiannual JJ I-NP
dividend NN I-NP
was VBD B-VP
inconsistent JJ B-ADJP
with IN B-PP
recent JJ B-NP
operating NN I-NP
results NNS I-NP
, , O
'' '' O
said VBD B-VP
Kenneth NNP B-NP
A. NNP I-NP
Eldred NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
. . O

`` `` O
All DT B-NP
our PRP$ I-NP
efforts NNS I-NP
are VBP B-VP
now RB I-VP
focused VBN I-VP
on IN B-PP
improving VBG B-VP
earnings NNS B-NP
to TO B-PP
the DT B-NP
point NN I-NP
where WRB B-ADVP
we PRP B-NP
can MD B-VP
fund VB I-VP
additional JJ B-NP
new-country JJ I-NP
development NN I-NP
, , O
continue VB B-VP
to TO I-VP
invest VB I-VP
in IN B-PP
the DT B-NP
business NN I-NP
and CC O
reinstate VB B-VP
the DT B-NP
dividend NN I-NP
, , O
'' '' O
he PRP B-NP
added VBD B-VP
. . O

The DT B-NP
company NN I-NP
offers VBZ B-VP
more JJR B-NP
than IN I-NP
3,500 CD I-NP
parts NNS I-NP
and CC I-NP
supplies NNS I-NP
directly RB B-ADVP
to TO B-PP
microcomputer NN B-NP
and CC I-NP
minicomputer NN I-NP
users NNS I-NP
through IN B-PP
catalog NN B-NP
sales NNS I-NP
. . O

The DT B-NP
Food NNP I-NP
and CC I-NP
Drug NNP I-NP
Administration NNP I-NP
said VBD B-VP
American NNP B-NP
Home NNP I-NP
Products NNP I-NP
Corp. NNP I-NP
agreed VBD B-VP
to TO I-VP
recall VB I-VP
certain JJ B-NP
generic JJ I-NP
drugs NNS I-NP
that WDT B-NP
were VBD B-VP
produced VBN I-VP
by IN B-PP
its PRP$ B-NP
Quantum NNP I-NP
Pharmics NNP I-NP
unit NN I-NP
in IN B-PP
Amityville NNP B-NP
, , O
N.Y NNP B-NP
. . O

Quantum NNP B-NP
stopped VBD B-VP
shipping VBG I-VP
the DT B-NP
drugs NNS I-NP
last JJ B-NP
month NN I-NP
, , O
following VBG B-PP
a DT B-NP
federal JJ I-NP
investigation NN I-NP
regarding VBG B-VP
information NN B-NP
the DT B-NP
company NN I-NP
supplied VBN B-VP
to TO B-VP
obtain VB I-VP
three CD B-NP
drug NN I-NP
approvals NNS I-NP
. . O

The DT B-NP
FDA NNP I-NP
requested VBD B-VP
the DT B-NP
recall NN I-NP
of IN B-PP
Quantum NNP B-NP
's POS B-NP
mioxidil NN I-NP
tablets NNS I-NP
, , I-NP
chlorazepate NN I-NP
dipotassium NN I-NP
tablets NNS I-NP
and CC I-NP
meclofenamate NN I-NP
sodium NN I-NP
capsules NNS I-NP
because IN B-SBAR
, , O
it PRP B-NP
said VBD B-VP
, , O
the DT B-NP
size NN I-NP
of IN B-PP
the DT B-NP
production NN I-NP
runs VBZ I-NP
submitted VBN B-VP
for IN B-PP
testing NN B-NP
to TO B-VP
gain VB I-VP
FDA NNP B-NP
approval NN I-NP
was VBD B-VP
in IN B-PP
each DT B-NP
case NN I-NP
misrepresented VBD B-VP
as IN B-PP
much RB B-ADJP
larger JJR I-ADJP
than IN B-SBAR
it PRP B-NP
actually RB B-ADVP
was VBD B-VP
. . O

American NNP B-NP
Home NNP I-NP
Products NNPS I-NP
, , O
based VBN B-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
agreed VBD B-VP
to TO I-VP
recall VB I-VP
four CD B-NP
other JJ I-NP
products NNS I-NP
, , O
trazadone NN B-NP
, , I-NP
doxepin NN I-NP
, , I-NP
diazepam NN I-NP
and CC I-NP
lorazapam NN I-NP
, , O
because IN B-PP
of IN I-PP
concerns NNS B-NP
about IN B-PP
data NNS B-NP
submitted VBN B-VP
in IN B-PP
their PRP$ B-NP
original JJ I-NP
approval NN I-NP
applications NNS I-NP
before IN B-PP
the DT B-NP
FDA NNP I-NP
. . O

No DT B-NP
safety NN I-NP
problems NNS I-NP
with IN B-PP
the DT B-NP
products NNS I-NP
are VBP B-VP
known VBN I-VP
, , O
the DT B-NP
FDA NNP I-NP
said VBD B-VP
. . O

An DT B-NP
FDA NNP I-NP
spokesperson NN I-NP
said VBD B-VP
the DT B-NP
drugs NNS I-NP
are VBP B-VP
still RB B-ADVP
available JJ B-ADJP
under IN B-PP
other JJ B-NP
brand NN I-NP
names NNS I-NP
. . O

Last JJ B-NP
month NN I-NP
, , O
American NNP B-NP
Home NNP I-NP
Products NNPS I-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
suspending VBG I-VP
production NN B-NP
and CC I-NP
distribution NN I-NP
of IN B-PP
all DT B-NP
21 CD I-NP
of IN B-PP
Quantum NNP B-NP
's POS B-NP
generic JJ I-NP
drug NN I-NP
products NNS I-NP
pending VBG B-PP
the DT B-NP
completion NN I-NP
of IN B-PP
an DT B-NP
exhaustive JJ I-NP
internal JJ I-NP
audit NN I-NP
. . O

It PRP B-NP
also RB B-ADVP
temporarily RB B-ADVP
closed VBD B-VP
Quantum NNP B-NP
, , O
because IN B-PP
of IN I-PP
the DT B-NP
internal JJ I-NP
investigation NN I-NP
, , B-NP
as RB I-NP
well RB I-NP
as IN I-NP
the DT B-NP
FDA NNP I-NP
's POS B-NP
ongoing JJ I-NP
inquiry NN I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
American NNP B-NP
Home NNP I-NP
Products NNPS I-NP
rose VBD B-VP
75 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
105 CD I-NP
on IN B-PP
Friday NNP B-NP
. . O

Lyondell NNP B-NP
Petrochemical NNP I-NP
Co. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
54 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
73 CD I-NP
million CD I-NP
, , O
or CC O
91 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
160 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Year-earlier JJ B-NP
per-share JJ I-NP
results NNS I-NP
are VBP B-VP
n't RB O
applicable JJ B-ADJP
because IN B-SBAR
the DT B-NP
company NN I-NP
went VBD B-VP
public JJ B-NP
in IN B-PP
January NNP B-NP
. . O

Revenue NN B-NP
rose VBD B-VP
7.7 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.28 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.18 CD I-NP
billion CD I-NP
. . O

The DT B-NP
petrochemical NN I-NP
maker NN I-NP
said VBD B-VP
the DT B-NP
biggest JJS I-NP
reason NN I-NP
earnings NNS B-NP
declined VBD B-VP
was VBD B-VP
a DT B-NP
loss NN I-NP
of IN B-PP
production NN B-NP
time NN I-NP
and CC O
the DT B-NP
increased VBN I-NP
costs NNS I-NP
associated VBN B-VP
with IN B-PP
a DT B-NP
temporary JJ I-NP
maintenance NN I-NP
closing VBG I-NP
and CC O
expansion NN B-NP
of IN B-PP
an DT B-NP
olefins NNS I-NP
plant VBP I-NP
. . O

Like IN B-PP
other JJ B-NP
refiners NNS I-NP
, , O
Lyondell NNP B-NP
's POS B-NP
margins NNS I-NP
for IN B-PP
chemicals NNS B-NP
and CC I-NP
gasoline NN I-NP
were VBD B-VP
narrower JJR B-ADJP
. . O

While IN B-SBAR
the DT B-NP
company NN I-NP
said VBD B-VP
chemical NN B-NP
margins NNS I-NP
continued VBD B-VP
to TO I-VP
worsen VB I-VP
this DT B-NP
quarter NN I-NP
, , O
costs NNS B-NP
will MD B-VP
be VB I-VP
lower JJR B-ADJP
because IN B-SBAR
the DT B-NP
maintenance NN I-NP
and CC I-NP
expansions NNS I-NP
are VBP B-VP
complete JJ B-ADJP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
Friday NNP B-NP
, , O
Lyondell NNP B-NP
was VBD B-VP
unchanged JJ B-ADJP
at IN B-PP
$ $ B-NP
18.50 CD I-NP
a DT B-NP
share NN I-NP
. . O

Four CD B-NP
former JJ I-NP
Cordis NNP I-NP
Corp. NNP I-NP
officials NNS I-NP
were VBD B-VP
acquitted VBN I-VP
of IN B-PP
federal JJ B-NP
charges NNS I-NP
related VBN B-VP
to TO B-PP
the DT B-NP
Miami-based JJ I-NP
company NN I-NP
's POS B-NP
sale NN I-NP
of IN B-PP
pacemakers NNS B-NP
, , O
including VBG B-PP
conspiracy NN B-NP
to TO B-VP
hide VB I-VP
pacemaker NN B-NP
defects NNS I-NP
. . O

Jurors NNS B-NP
in IN B-PP
U.S. NNP B-NP
District NNP I-NP
Court NNP I-NP
in IN B-PP
Miami NNP B-NP
cleared VBD B-VP
Harold NNP B-NP
Hershhenson NNP I-NP
, , O
a DT B-NP
former JJ I-NP
executive JJ I-NP
vice NN I-NP
president NN I-NP
; : O
John NNP B-NP
Pagones NNP I-NP
, , O
a DT B-NP
former JJ I-NP
vice NN I-NP
president NN I-NP
; : O
and CC O
Stephen NNP B-NP
Vadas NNP I-NP
and CC O
Dean NNP B-NP
Ciporkin NNP I-NP
, , O
who WP B-NP
had VBD B-VP
been VBN I-VP
engineers NNS B-NP
with IN B-PP
Cordis NNP B-NP
. . O

Earlier RBR B-NP
this DT I-NP
year NN I-NP
, , O
Cordis NNP B-NP
, , O
a DT B-NP
maker NN I-NP
of IN B-PP
medical JJ B-NP
devices NNS I-NP
, , O
agreed VBD B-VP
to TO I-VP
plead VB I-VP
guilty JJ B-ADJP
to TO B-PP
felony NN B-NP
and CC I-NP
misdemeanor NN I-NP
charges NNS I-NP
related VBN B-ADJP
to TO B-PP
the DT B-NP
pacemakers NNS I-NP
and CC O
to TO B-VP
pay VB I-VP
the DT B-NP
government NN I-NP
about RB B-NP
$ $ I-NP
5.7 CD I-NP
million CD I-NP
in IN B-PP
fines NNS B-NP
and CC O
other JJ B-NP
costs NNS I-NP
. . O

Cordis NNP B-NP
sold VBD B-VP
its PRP$ B-NP
pacemaker NN I-NP
operations NNS I-NP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
to TO B-PP
Telectronics NNP B-NP
Holding NNP I-NP
Ltd. NNP I-NP
of IN B-PP
Australia NNP B-NP
. . O

PAPERS NNS B-NP
: : O

Management NNP B-NP
and CC I-NP
unions NNS I-NP
representing VBG B-VP
2,400 CD B-NP
employees NNS I-NP
at IN B-PP
Torstar NNP B-NP
Corp. NNP I-NP
's POS B-NP
Toronto NNP I-NP
Star NNP I-NP
reached VBD B-VP
a DT B-NP
tentative JJ I-NP
contract NN I-NP
agreement NN I-NP
Friday NNP B-NP
, , O
averting VBG B-VP
a DT B-NP
strike NN I-NP
by IN B-PP
most RBS B-NP
employees NNS I-NP
of IN B-PP
Canada NNP B-NP
's POS B-NP
largest JJS I-NP
daily JJ I-NP
newspaper NN I-NP
. . O

Members NNS B-NP
of IN B-PP
the DT B-NP
largest JJS I-NP
union NN I-NP
, , O
representing VBG B-VP
1,700 CD B-NP
workers NNS I-NP
, , O
voted VBD B-VP
in IN B-PP
favor NN B-NP
of IN B-PP
the DT B-NP
pact NN I-NP
yesterday NN B-NP
. . O

Four CD B-NP
other JJ I-NP
unions NNS I-NP
have VBP B-VP
yet RB I-VP
to TO I-VP
vote VB I-VP
, , O
but CC O
their PRP$ B-NP
leadership NN I-NP
also RB B-ADVP
recommended VBD B-VP
approval NN B-NP
. . O

The DT B-NP
pact NN I-NP
proposes VBZ B-VP
a DT B-NP
2 CD I-NP
1\/2-year JJ I-NP
contract NN I-NP
with IN B-PP
a DT B-NP
raise NN I-NP
of IN B-PP
8 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
first JJ I-NP
year NN I-NP
, , O
7 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
and CC O
4 CD B-NP
% NN I-NP
for IN B-PP
the DT B-NP
final JJ I-NP
six CD I-NP
months NNS I-NP
. . O

Amgen NNP B-NP
Inc. NNP I-NP
said VBD B-VP
its PRP$ B-NP
second-quarter JJ I-NP
earnings NNS I-NP
increased VBN B-VP
more JJR B-ADVP
than IN I-ADVP
tenfold RB I-ADVP
to TO B-PP
$ $ B-NP
3.9 CD I-NP
million CD I-NP
, , O
or CC O
22 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
due JJ B-PP
to TO B-PP
increased VB B-NP
sales NNS I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
new JJ I-NP
antianemia JJ I-NP
drug NN I-NP
for IN B-PP
kidney NN B-NP
patients NNS I-NP
. . O

The DT B-NP
Thousand NNP I-NP
Oaks NNP I-NP
, , I-NP
Calif.-based JJ I-NP
biotechnology NN I-NP
company NN I-NP
reported VBD B-VP
a DT B-NP
97 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
revenue NN B-NP
to TO B-PP
$ $ B-NP
42.5 CD I-NP
million CD I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
. . O

In IN B-PP
the DT B-NP
year-ago JJ I-NP
period NN I-NP
, , O
Amgen NNP B-NP
reported VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
320,000 CD I-NP
, , O
or CC O
two CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
21.5 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
six CD I-NP
months NNS I-NP
, , O
the DT B-NP
company NN I-NP
reported VBD B-VP
a DT O
more JJR B-ADVP
than IN I-ADVP
sixfold JJ I-ADVP
increase NN B-NP
in IN B-PP
earnings NNS B-NP
to TO B-PP
$ $ B-NP
4.7 CD I-NP
million CD I-NP
, , O
or CC O
26 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
625,000 CD I-NP
, , O
or CC O
four CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Revenue NN B-NP
rose VBD B-VP
77 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
72.6 CD I-NP
million CD I-NP
, , O
from IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
$ $ I-NP
41 CD I-NP
million CD I-NP
. . O

LEBANESE JJ B-NP
LAWMAKERS NNS I-NP
APPROVED VBD B-VP
a DT B-NP
peace NN I-NP
plan NN I-NP
but CC O
Aoun NNP B-NP
rejected VBD B-VP
it PRP B-NP
. . O

Lebanon NNP B-NP
's POS B-NP
Parliament NNP I-NP
passed VBD B-VP
the DT B-NP
power-sharing JJ I-NP
accord NN I-NP
to TO B-VP
end VB I-VP
the DT B-NP
country NN I-NP
's POS B-NP
14-year-old JJ I-NP
conflict NN I-NP
, , O
but CC O
the DT B-NP
Christian NNP I-NP
military JJ I-NP
leader NN I-NP
wad NN B-VP
the DT B-NP
plan NN I-NP
was VBD B-VP
`` `` O
full JJ B-ADJP
of IN B-PP
ambiguities NNS B-NP
. . O
'' '' O

The DT B-NP
Arab NNP I-NP
League-sponsored JJ I-NP
pact NN I-NP
, , O
drafted VBN B-VP
during IN B-PP
three CD B-NP
weeks NNS I-NP
of IN B-PP
talks NNS B-NP
at IN B-PP
the DT B-NP
Saudi NNP I-NP
Arabian NNP I-NP
resort NN I-NP
of IN B-PP
Taif NNP B-NP
, , O
includes VBZ B-VP
Syrian JJ B-NP
proposals NNS I-NP
for IN B-PP
at IN B-ADVP
least JJS I-ADVP
a DT B-NP
partial JJ I-NP
troop NN I-NP
pullout NN I-NP
from IN B-PP
Lebanon NNP B-NP
, , O
and CC O
guarantees VBZ B-VP
an DT B-NP
equal JJ I-NP
number NN I-NP
of IN B-PP
seats NNS B-NP
for IN B-PP
Moslems NNPS B-NP
and CC I-NP
Christians NNPS I-NP
in IN B-PP
the DT B-NP
Parliament NNP I-NP
. . O

The DT B-NP
rejection NN I-NP
by IN B-PP
Aoun NNP B-NP
, , O
who WP B-NP
has VBZ B-VP
demanded VBN I-VP
a DT B-NP
total JJ I-NP
and CC I-NP
immediate JJ I-NP
pull-out NN I-NP
of IN B-PP
Damascus NNP B-NP
's POS B-NP
33,000 CD I-NP
troops NNS I-NP
, , O
puts VBZ B-VP
the DT B-NP
future NN I-NP
of IN B-PP
the DT B-NP
agreement NN I-NP
in IN B-PP
doubt NN B-NP
. . O

NORTHERN NNP B-NP
CALIFORNIA NNP I-NP
BRACED NNP B-VP
for IN B-PP
earthquake-related JJ B-NP
traffic NN I-NP
jams NNS I-NP
. . O

As IN B-SBAR
rescuers NNS B-NP
pressed VBD B-VP
their PRP$ B-NP
efforts NNS I-NP
after IN B-PP
finding VBG B-VP
a DT B-NP
survivor NN I-NP
in IN B-PP
a DT B-NP
collapsed VBN I-NP
freeway NN I-NP
, , O
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
area NN I-NP
girded VBD B-VP
for IN B-PP
hundreds NNS B-NP
of IN I-NP
thousands NNS I-NP
of IN B-PP
commuters NNS B-NP
seeking VBG B-VP
to TO I-VP
avoid VB I-VP
routes NNS B-NP
ravaged VBN B-VP
by IN B-PP
last JJ B-NP
Tuesday NNP I-NP
's POS B-NP
tremor NN I-NP
. . O

In IN B-PP
Oakland NNP B-NP
, , O
officials NNS B-NP
said VBD B-VP
the DT B-NP
57-year-old JJ I-NP
longshoreman NN I-NP
who WP B-NP
spent VBD B-VP
four CD B-NP
days NNS I-NP
entombed VBN B-VP
in IN B-PP
rubble NN B-NP
was VBD B-VP
in IN B-PP
critical JJ B-NP
condition NN I-NP
with IN B-PP
slight JJ B-NP
improvement NN I-NP
. . O

Estimates NNS B-NP
of IN B-PP
damage NN B-NP
in IN B-PP
the DT B-NP
area NN I-NP
, , O
visited VBD B-VP
Friday NNP B-NP
by IN B-PP
Bush NNP B-NP
, , O
topped VBD B-VP
$ $ B-NP
5 NN I-NP
billion CD I-NP
. . O

The DT B-NP
baseball NN I-NP
commissioner NN I-NP
announced VBD B-VP
that IN B-SBAR
the DT B-NP
third JJ I-NP
game NN I-NP
of IN B-PP
the DT B-NP
World NNP I-NP
Series NNP I-NP
between IN B-PP
the DT B-NP
Giants NNP I-NP
and CC O
the DT B-NP
Athletics NNP I-NP
would MD B-VP
n't RB I-VP
resume VB I-VP
until IN B-PP
Friday NNP B-NP
. . O

THE DT B-NP
U.S. NNP I-NP
. . O
IS VBZ B-VP
REQUIRED NNP I-VP
to TO I-VP
notify VB I-VP
foreign JJ B-NP
dictators NNS I-NP
of IN B-PP
certain JJ B-NP
coup NN I-NP
plans NNS I-NP
. . O

Under IN B-PP
guidelines NNS B-NP
included VBD B-VP
in IN B-PP
an DT B-NP
exchange NN I-NP
of IN B-PP
letters NNS B-NP
between IN B-PP
the DT B-NP
Reagan NNP I-NP
administration NN I-NP
and CC O
the DT B-NP
Senate NNP I-NP
Intelligence NNP I-NP
panel NN I-NP
last JJ B-NP
year NN I-NP
, , O
the DT B-NP
U.S. NNP I-NP
must MD B-VP
inform VB I-VP
foreign JJ B-NP
dictators NNS I-NP
of IN B-PP
plans NNS B-NP
likely JJ B-ADJP
to TO B-VP
endanger VB I-VP
their PRP$ B-NP
lives NNS I-NP
. . O

The DT B-NP
existence NN I-NP
of IN B-PP
the DT B-NP
policy NN I-NP
became VBD B-VP
known VBN I-VP
after IN B-SBAR
Bush NNP B-NP
disclosed VBD B-VP
it PRP B-NP
to TO B-PP
seven CD B-NP
GOP NNP I-NP
senators NNS I-NP
last JJ B-NP
week NN I-NP
, , O
citing VBG B-VP
the DT B-NP
plan NN I-NP
as IN B-PP
an DT B-NP
example NN I-NP
of IN B-PP
congressional JJ B-NP
requirements NNS I-NP
the DT B-NP
administration NN I-NP
contends VBZ B-VP
contribute VB B-VP
to TO B-PP
the DT B-NP
failure NN I-NP
of IN B-PP
covert JJ B-NP
actions NNS I-NP
, , O
officials NNS B-NP
said VBD B-VP
. . O

Bush NNP B-NP
conceded VBD B-VP
that IN B-SBAR
the DT B-NP
requirement NN I-NP
did VBD B-VP
n't RB I-VP
affect VB I-VP
a DT B-NP
decision NN I-NP
to TO B-VP
lend VB I-VP
only RB B-NP
minor JJ I-NP
support NN I-NP
to TO B-PP
this DT B-NP
month NN I-NP
's POS B-NP
failed VBD I-NP
effort NN I-NP
to TO B-VP
oust VB I-VP
Panama NNP B-NP
's POS B-NP
Noriega NNP I-NP
, , O
aides NNS B-NP
said VBD B-VP
. . O

The DT B-NP
shuttle NN I-NP
Atlantis NNP I-NP
's POS B-NP
crew NN I-NP
prepared VBN B-VP
to TO I-VP
return VB I-VP
to TO B-PP
Earth NNP B-NP
today NN B-NP
several JJ B-NP
hours NNS I-NP
earlier RBR B-ADVP
than IN B-SBAR
planned VBN B-VP
to TO B-VP
avoid VB I-VP
high JJ B-NP
winds NNS I-NP
forecast VBP B-VP
at IN B-PP
the DT B-NP
landing NN I-NP
site NN I-NP
at IN B-PP
Edwards NNP B-NP
Air NNP I-NP
Force NNP I-NP
Base NNP I-NP
, , O
Calif NNP B-NP
. . O

The DT B-NP
five CD I-NP
astronauts NNS I-NP
, , O
who WP B-NP
stowed VBD B-VP
gear NN B-NP
and CC O
tested VBD B-VP
the DT B-NP
spacecraft NN I-NP
's POS B-NP
steering NN I-NP
, , O
said VBD B-VP
they PRP B-NP
were VBD B-VP
unconcerned JJ B-ADJP
about IN B-PP
the DT B-NP
touchy JJ I-NP
weather NN I-NP
expected VBN B-VP
in IN B-PP
the DT B-NP
Mojave NNP I-NP
Desert NNP I-NP
. . O

Commonwealth NN B-NP
leaders NNS I-NP
issued VBD B-VP
a DT B-NP
declaration NN I-NP
giving VBG B-VP
South NNP B-NP
Africa NNP I-NP
six CD B-NP
months NNS I-NP
to TO B-VP
deliver VB I-VP
on IN B-PP
pledges NNS B-NP
to TO B-VP
ease VB I-VP
apartheid NN B-NP
or CC O
face NN B-VP
new JJ B-NP
reprisals NNS I-NP
. . O

The DT B-NP
49-nation JJ I-NP
organization NN I-NP
, , O
meeting NN B-VP
in IN B-PP
Malaysia NNP B-NP
, , O
called VBN B-VP
for IN B-PP
tighter RBR B-NP
financial JJ I-NP
pressure NN I-NP
immediately RB B-ADVP
. . O

Britain NNP B-NP
's POS B-NP
Prime NNP I-NP
Minister NNP I-NP
Thatcher NNP I-NP
alone RB B-ADVP
dissented VBD B-VP
. . O

East NNP B-NP
Germany NNP I-NP
's POS B-NP
leadership NN I-NP
vowed VBD B-VP
swift JJ B-NP
action NN I-NP
to TO B-VP
ease VB I-VP
travel NN B-NP
to TO B-PP
the DT B-NP
West NNP I-NP
. . O

Despite IN B-PP
the DT B-NP
pledge NN I-NP
by IN B-PP
the DT B-NP
Communist NNP I-NP
rulers NNS I-NP
, , O
tens NNS B-NP
of IN I-NP
thousands NNS I-NP
of IN B-PP
people NNS B-NP
across IN B-ADVP
the DT B-NP
country NN I-NP
staged VBD B-VP
marches NNS B-NP
over IN B-PP
the DT B-NP
weekend NN I-NP
to TO B-VP
demand VB I-VP
democratic JJ B-NP
freedoms NNS I-NP
. . O

In IN B-PP
Leipzig NNP B-NP
, , O
more JJR B-NP
than IN I-NP
500 CD I-NP
people NNS I-NP
met VBD B-VP
with IN B-PP
local JJ B-NP
party NN I-NP
officials NNS I-NP
to TO B-VP
discuss VB I-VP
internal JJ B-NP
changes NNS I-NP
. . O

The DT B-NP
Senate NNP I-NP
convicted VBD B-VP
federal JJ B-NP
Judge NNP I-NP
Alcee NNP I-NP
Hastings NNP I-NP
of IN B-PP
Miami NNP B-NP
of IN B-PP
eight CD B-NP
impeachment NN I-NP
articles NNS I-NP
, , O
removing VBG B-VP
him PRP B-NP
from IN B-PP
the DT B-NP
bench NN I-NP
. . O

The DT B-NP
chamber NN I-NP
voted VBD B-VP
69-26 CD B-ADVP
Friday NNP B-NP
to TO B-VP
convict VB I-VP
the DT B-NP
judge NN I-NP
of IN B-PP
perjury NN B-NP
and CC O
bribery NN B-NP
conspiracy NN I-NP
. . O

It PRP B-NP
marked VBD B-VP
the DT B-NP
first JJ I-NP
time NN I-NP
a DT B-NP
U.S. NNP I-NP
official NN I-NP
was VBD B-VP
impeached VBN I-VP
on IN B-PP
charges NNS B-NP
of IN B-PP
which WDT B-NP
a DT B-NP
jury NN I-NP
had VBD B-VP
acquitted VBN I-VP
him PRP B-NP
. . O

Rep. NNP B-NP
Garcia NNP I-NP
and CC O
his PRP$ B-NP
wife NN I-NP
were VBD B-VP
found VBN I-VP
guilty JJ B-ADJP
by IN B-PP
a DT B-NP
federal JJ I-NP
jury NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
of IN B-PP
extorting VBG B-VP
$ $ B-NP
76,000 CD I-NP
from IN B-PP
Wedtech NNP B-NP
Corp. NNP I-NP
in IN B-PP
return NN B-NP
for IN B-PP
official JJ B-NP
acts NNS I-NP
by IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Democrat NNP I-NP
. . O

The DT B-NP
jury NN I-NP
also RB B-ADVP
convicted VBD B-VP
them PRP B-NP
of IN B-PP
extortion NN B-NP
in IN B-PP
obtaining VBG B-VP
a DT B-NP
$ $ I-NP
20,000 CD I-NP
interest-free JJ I-NP
loan NN I-NP
from IN B-PP
an DT B-NP
officer NN I-NP
of IN B-PP
the DT B-NP
defunct JJ I-NP
defense NN I-NP
contractor NN I-NP
. . O

Authorities NNS B-NP
in IN B-PP
Honduras NNP B-NP
launched VBD B-VP
an DT B-NP
investigation NN I-NP
into IN B-PP
the DT B-NP
cause NN I-NP
of IN B-PP
Saturday NNP B-NP
's POS B-NP
crash NN I-NP
of IN B-PP
a DT B-NP
Honduran JJ I-NP
jetliner NN I-NP
that WDT B-NP
killed VBD B-VP
132 CD B-NP
of IN B-PP
the DT B-NP
146 CD I-NP
people NNS I-NP
aboard RB B-ADVP
. . O

The DT B-NP
Boeing NNP I-NP
727 CD I-NP
, , O
en IN B-PP
route NN B-NP
to TO B-PP
Honduras NNP B-NP
from IN B-PP
Costa NNP B-NP
Rica NNP I-NP
via IN B-PP
Nicaragua NNP B-NP
, , O
smashed VBD B-VP
into IN B-PP
the DT B-NP
hills NNS I-NP
outside IN B-ADVP
Tegucigalpa NNP B-NP
as IN B-SBAR
it PRP B-NP
approached VBD B-VP
the DT B-NP
capital NN I-NP
's POS B-NP
airport NN I-NP
in IN B-PP
high JJ B-NP
winds NNS I-NP
and CC O
low JJ B-NP
clouds NNS I-NP
. . O

The DT B-NP
U.S. NNP I-NP
and CC O
Israel NNP B-NP
have VBP B-VP
been VBN I-VP
holding VBG I-VP
what WP B-NP
an DT B-NP
aide NN I-NP
to TO B-PP
Prime NNP B-NP
Minister NNP I-NP
Shamir NNP B-NP
called VBD B-VP
intense JJ B-NP
telephone NN I-NP
negotiations NNS I-NP
in IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
bridge VB I-VP
differences NNS B-NP
over IN B-PP
Mideast NNP B-NP
peace NN I-NP
moves NNS I-NP
. . O

The DT B-NP
Labor NNP I-NP
Party NNP I-NP
, , O
meanwhile RB B-ADVP
, , O
threatened VBN B-VP
to TO I-VP
support VB I-VP
a DT B-NP
parliamentary JJ I-NP
motion NN I-NP
to TO B-VP
topple VB I-VP
the DT B-NP
coalition NN I-NP
unless IN B-SBAR
Shamir NNP B-NP
showed VBD B-VP
flexibility NN B-NP
on IN B-PP
Arab-Israeli JJ B-NP
talks NNS I-NP
. . O

Nicaragua NNP B-NP
's POS B-NP
Defense NNP I-NP
Ministry NNP I-NP
said VBD B-VP
a DT B-NP
group NN I-NP
of IN B-PP
Contra NNP B-NP
rebels NNS I-NP
ambushed VBD B-VP
two CD B-NP
trucks NNS I-NP
carrying VBG B-VP
troops NNS B-NP
in IN B-PP
northern JJ B-NP
Nicaragua NNP I-NP
, , O
killing VBG B-VP
18 CD B-NP
of IN B-PP
the DT B-NP
soldiers NNS I-NP
. . O

The DT B-NP
incident NN I-NP
occurred VBD B-VP
Saturday NNP B-NP
night NN I-NP
. . O

The DT B-NP
Sandinista NNP I-NP
government NN I-NP
and CC O
the DT B-NP
U.S.-backed JJ I-NP
insurgents NNS I-NP
agreed VBD B-VP
in IN B-PP
March NNP B-NP
to TO B-VP
suspend VB I-VP
offensive JJ B-NP
operations NNS I-NP
, , O
but CC O
there EX B-NP
has VBZ B-VP
been VBN I-VP
sporadic JJ B-NP
fighting NN I-NP
. . O

Scientists NNS B-NP
have VBP B-VP
isolated VBN I-VP
a DT B-NP
molecule NN I-NP
that WDT B-NP
may MD B-VP
hold VB I-VP
potential JJ B-NP
as IN B-PP
a DT B-NP
treatment NN I-NP
for IN B-PP
disruptions NNS B-NP
of IN B-PP
the DT B-NP
immune JJ I-NP
system NN I-NP
, , O
ranging VBG B-VP
from IN B-PP
organ-transplant JJ B-NP
rejection NN I-NP
, , O
to TO B-PP
allergies NNS B-NP
and CC I-NP
asthma NN I-NP
, , O
Immunex NNP B-NP
Corp. NNP I-NP
said VBD B-VP
. . O

The DT B-NP
molecule NN I-NP
is VBZ B-VP
the DT B-NP
mouse NN I-NP
version NN I-NP
of IN B-PP
a DT B-NP
protein NN I-NP
called VBD B-VP
the DT B-NP
interleukin-4 NN I-NP
receptor NN I-NP
, , O
which WDT B-NP
directs VBZ B-VP
the DT B-NP
growth NN I-NP
and CC I-NP
function NN I-NP
of IN B-PP
white JJ B-NP
blood NN I-NP
cells NNS I-NP
. . O

Died VBD B-VP
: : O
Alfred NNP B-NP
Hayes NNP I-NP
, , O
79 CD B-NP
, , O
former JJ B-NP
president NN I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
Bank NNP I-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
, , O
Saturday NNP B-NP
, , O
in IN B-PP
New NNP B-NP
Canaan NNP I-NP
, , O
Conn NNP B-NP
. . O

Contel NNP B-NP
Corp. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
increased VBN B-VP
16 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
72 CD I-NP
million CD I-NP
, , O
or CC O
45 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
62 CD I-NP
million CD I-NP
, , O
or CC O
39 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
strong JJ B-NP
growth NN I-NP
in IN B-PP
telephone-access JJ B-NP
lines NNS I-NP
and CC O
long-distance JJ B-NP
minutes NNS I-NP
of IN B-PP
use NN B-NP
. . O

The DT B-NP
telecommunications NNS I-NP
company NN I-NP
's POS B-NP
results NNS I-NP
included VBD B-VP
a DT B-NP
one-time JJ I-NP
gain NN I-NP
of IN B-PP
$ $ B-NP
4 CD I-NP
million CD I-NP
, , O
or CC O
two CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
Contel NNP B-NP
Credit NNP I-NP
, , O
a DT B-NP
leasing NN I-NP
and CC I-NP
financial-services NNS I-NP
subsidiary NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
8.3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
780 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
720 CD I-NP
million CD I-NP
. . O

Telephone-operations NNS B-NP
quarterly JJ I-NP
profit NN I-NP
increased VBN B-VP
9 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
84 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
77 CD I-NP
million CD I-NP
, , O
while IN B-SBAR
federal-systems JJ B-NP
earnings NNS I-NP
declined VBD B-VP
33 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
6 CD I-NP
million CD I-NP
. . O

Information NN B-NP
systems NNS I-NP
posted VBD B-VP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
8 CD I-NP
million CD I-NP
, , O
compared VBN B-PP
with IN B-PP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
9 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Customer-access NN B-NP
lines NNS I-NP
increased VBN B-VP
at IN B-PP
an DT B-NP
annualized VBN I-NP
rate NN I-NP
of IN B-PP
about IN B-NP
4 CD I-NP
% NN I-NP
and CC O
minutes NNS B-NP
of IN B-PP
long-distance JJ B-NP
use NN I-NP
rose VBD B-VP
about IN B-NP
12 CD I-NP
% NN I-NP
. . O

A DT B-NP
10 CD I-NP
% NN I-NP
gain NN I-NP
in IN B-PP
operating VBG B-NP
profit NN I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
was VBD B-VP
offset VBN I-VP
by IN B-PP
a DT B-NP
21 CD I-NP
% NN I-NP
boost NN I-NP
in IN B-PP
interest NN B-NP
expense NN I-NP
, , O
reflecting VBG B-VP
higher JJR B-NP
consolidated JJ I-NP
borrowings NNS I-NP
and CC I-NP
interest NN I-NP
rates NNS I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Contel NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
33.75 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
.50 CD B-NP
cents NNS I-NP
. . O

In IN B-PP
East NNP B-NP
Germany NNP I-NP
, , O
where WRB B-ADVP
humor NN B-NP
has VBZ B-VP
long RB I-VP
been VBN I-VP
the DT B-NP
only JJ I-NP
way NN I-NP
to TO B-VP
express VB I-VP
political JJ B-NP
criticism NN I-NP
, , O
they PRP B-NP
're VBP B-VP
not RB I-VP
laughing VBG I-VP
about IN B-PP
their PRP$ B-NP
new JJ I-NP
leader NN I-NP
Egon NNP I-NP
Krenz NNP I-NP
. . O

Mr. NNP B-NP
Krenz NNP I-NP
is VBZ B-VP
such JJ B-NP
a DT I-NP
contradictory JJ I-NP
figure NN I-NP
that DT B-SBAR
nobody NN B-NP
has VBZ B-VP
even RB I-VP
come VB I-VP
up IN B-PRT
with IN B-PP
any DT B-NP
good JJ I-NP
jokes NNS I-NP
about IN B-PP
him PRP B-NP
. . O

`` `` O
You PRP B-NP
have VBP B-VP
to TO I-VP
have VB I-VP
clear JJ B-NP
feelings NNS I-NP
about IN B-PP
someone NN B-NP
before IN O
you PRP B-NP
can MD B-VP
make VB I-VP
jokes NNS B-NP
, , O
'' '' O
says VBZ B-VP
an DT B-NP
East JJ I-NP
German JJ I-NP
mother NN I-NP
of IN B-PP
two CD B-NP
who WP B-NP
loves VBZ B-VP
swapping VBG I-VP
political JJ B-NP
barbs NNS I-NP
with IN B-PP
her PRP$ B-NP
friends NNS I-NP
. . O

`` `` O
With IN B-PP
Krenz NNP B-NP
, , O
we PRP B-NP
just RB B-ADVP
do VBP B-VP
n't RB I-VP
know VB I-VP
what WP B-NP
to TO B-VP
expect VB I-VP
. . O
'' '' O

Mr. NNP B-NP
Krenz NNP I-NP
does VBZ B-VP
n't RB I-VP
seem VB I-VP
to TO I-VP
be VB I-VP
the DT B-NP
knee-jerk JJ I-NP
hardliner NN I-NP
many JJ B-NP
initially RB B-ADVP
thought VBD B-VP
he PRP B-NP
was VBD B-VP
when WRB B-ADVP
the DT B-NP
52-year-old NNP I-NP
Politburo NNP I-NP
member NN I-NP
was VBD B-VP
selected VBN I-VP
last JJ B-NP
week NN I-NP
to TO B-VP
succeed VB I-VP
Erich NNP B-NP
Honecker NNP I-NP
. . O

But CC O
he PRP B-NP
does VBZ B-VP
n't RB I-VP
appear VB I-VP
to TO I-VP
be VB I-VP
ready JJ B-ADJP
to TO B-VP
make VB I-VP
broad JJ B-NP
changes NNS I-NP
either RB B-ADVP
. . O

According VBG B-PP
to TO B-PP
East NNP B-NP
Germany NNP I-NP
's POS B-NP
ADN NNP I-NP
news NN I-NP
agency NN I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
spoke VBD B-VP
to TO B-PP
Soviet JJ B-NP
leader NN I-NP
Mikhail NNP I-NP
Gorbachev NNP I-NP
by IN B-PP
telephone NN B-NP
over IN B-PP
the DT B-NP
weekend NN I-NP
and CC O
acknowledged VBD B-VP
East NNP B-NP
Germany NNP I-NP
could MD B-VP
learn VB I-VP
from IN B-PP
Moscow NNP B-NP
's POS B-NP
glasnost FW I-NP
policies NNS I-NP
. . O

Already RB B-ADVP
last JJ B-NP
week NN I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
started VBD B-VP
overhauling VBG I-VP
East NNP B-NP
Germany NNP I-NP
's POS I-NP
heavily RB B-ADJP
censored VBN I-ADJP
and CC O
notoriously RB B-ADJP
boring JJ I-ADJP
news NN B-NP
media NNS I-NP
. . O

On IN B-PP
Thursday NNP B-NP
, , O
a DT B-NP
day NN I-NP
after IN O
he PRP B-NP
took VBD B-VP
office NN B-NP
, , O
East JJ B-NP
German JJ I-NP
television NN I-NP
broke VBD B-VP
into IN B-PP
regular JJ B-NP
programming NN I-NP
to TO B-VP
launch VB I-VP
a DT B-NP
talk NN I-NP
show NN I-NP
in IN B-PP
which WDT B-NP
viewers NNS B-NP
call VBP B-VP
in IN B-PRT
questions NNS B-NP
for IN B-SBAR
a DT B-NP
panel NN I-NP
of IN B-PP
officials NNS B-NP
to TO B-VP
answer VB I-VP
. . O

The DT B-NP
regular JJ I-NP
nightly JJ I-NP
news NN I-NP
program NN I-NP
and CC O
daily JJ B-NP
newspapers NNS I-NP
are VBP B-VP
also RB I-VP
getting VBG I-VP
a DT B-NP
visible JJ I-NP
injection NN I-NP
of IN B-PP
Soviet-style JJ B-NP
glasnost FW I-NP
. . O

`` `` O
It PRP B-NP
was VBD B-VP
quite RB B-NP
a DT I-NP
shock NN I-NP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
43-year-old NNP I-NP
East JJ I-NP
German JJ I-NP
shopkeeper NN I-NP
. . O

`` `` O
For IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
in IN B-PP
my PRP$ B-NP
life NN I-NP
, , O
I PRP B-NP
was VBD B-VP
n't RB O
sure JJ B-ADJP
whether IN B-SBAR
I PRP B-NP
was VBD B-VP
listening VBG I-VP
to TO B-PP
our PRP$ B-NP
news NN I-NP
or CC O
West JJ B-NP
German JJ I-NP
television NN I-NP
. . O
'' '' O

Other JJ B-NP
changes NNS I-NP
, , O
including VBG B-PP
easing VBG B-VP
restrictions NNS B-NP
on IN B-PP
travel NN B-NP
for IN B-PP
East NNP B-NP
Germans NNPS I-NP
, , O
are VBP B-VP
expected VBN I-VP
. . O

But CC O
whether IN B-SBAR
such JJ B-NP
moves NNS I-NP
can MD B-VP
win VB I-VP
back RB B-ADVP
the DT B-NP
confidence NN I-NP
of IN B-PP
East NNP B-NP
Germans NNPS I-NP
, , O
who WP B-NP
have VBP B-VP
taken VBN I-VP
to TO B-PP
the DT B-NP
streets NNS I-NP
by IN B-PP
the DT B-NP
thousands NNS I-NP
in IN B-PP
recent JJ B-NP
weeks NNS I-NP
to TO B-VP
demand VB I-VP
democratic JJ B-NP
changes NNS I-NP
, , O
depends VBZ B-VP
largely RB B-ADVP
on IN B-PP
whether IN B-SBAR
they PRP B-NP
feel VBP B-VP
they PRP B-NP
can MD B-VP
trust VB I-VP
Mr. NNP B-NP
Krenz NNP I-NP
. . O

And CC O
that DT B-NP
's VBZ B-VP
a DT B-NP
problem NN I-NP
. . O

Mr. NNP B-NP
Krenz NNP I-NP
is VBZ B-VP
not RB B-CONJP
only RB I-CONJP
closely RB B-VP
identified VBN I-VP
with IN B-PP
his PRP$ B-NP
mentor NN I-NP
, , O
Mr. NNP B-NP
Honecker NNP I-NP
, , O
but CC B-CONJP
also RB I-CONJP
blamed VBD B-VP
for IN B-PP
ordering VBG B-VP
violent JJ B-NP
police NN I-NP
action NN I-NP
against IN B-PP
protesters NNS B-NP
this DT B-NP
month NN I-NP
and CC B-PP
for IN B-PP
praising VBG B-VP
China NNP B-NP
for IN B-PP
sending VBG B-VP
tanks NNS B-NP
against IN B-PP
student NN B-NP
demonstrators NNS I-NP
. . O

`` `` O
I PRP B-NP
hope VBP B-VP
he PRP B-NP
grows VBZ B-VP
with IN B-PP
the DT B-NP
job NN I-NP
, , O
'' '' O
says VBZ B-VP
Rainer NNP B-NP
Eppelmann NNP I-NP
, , O
a DT B-NP
Protestant NNP I-NP
pastor NN I-NP
in IN B-PP
East NNP B-NP
Berlin NNP I-NP
. . O

`` `` O
The DT B-NP
most RBS I-NP
important JJ I-NP
thing NN I-NP
is VBZ B-VP
that IN B-SBAR
he PRP B-NP
have VBP B-VP
a DT B-NP
chance NN I-NP
. . O
'' '' O

Although IN B-SBAR
Mr. NNP B-NP
Krenz NNP I-NP
is VBZ B-VP
dedicated VBN I-VP
to TO B-PP
East NNP B-NP
Germany NNP I-NP
's POS B-NP
conservative JJ I-NP
vein NN I-NP
of IN B-PP
communism NN B-NP
, , O
there EX B-NP
is VBZ B-VP
much JJ B-NP
about IN B-PP
his PRP$ B-NP
style NN I-NP
that IN B-NP
sets NNS B-VP
him PRP B-NP
apart RB B-ADVP
from IN B-PP
his PRP$ B-NP
party NN I-NP
comrades NNS I-NP
. . O

Unlike IN B-PP
Mr. NNP B-NP
Honecker NNP I-NP
, , O
who WP B-NP
tended VBD B-VP
to TO I-VP
lecture VB I-VP
people NNS B-NP
about IN B-PP
socialist JJ B-NP
values NNS I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
enjoys VBZ B-VP
asking VBG I-VP
questions NNS B-NP
. . O

Indeed RB B-ADVP
, , O
one CD B-NP
of IN B-PP
his PRP$ B-NP
first JJ I-NP
actions NNS I-NP
as IN B-PP
leader NN B-NP
was VBD B-VP
to TO B-VP
visit VB I-VP
a DT B-NP
gritty JJ I-NP
machine NN I-NP
factory NN I-NP
on IN B-PP
the DT B-NP
outskirts NNS I-NP
of IN B-PP
Berlin NNP B-NP
and CC O
wander VB B-VP
among IN B-PP
the DT B-NP
workers NNS I-NP
-- : O
a DT B-ADVP
la FW I-ADVP
Gorbachev NNP B-NP
. . O

He PRP B-NP
was VBD B-VP
later RB I-VP
shown VBN I-VP
on IN B-PP
television NN B-NP
, , O
fielding NN B-VP
questions NNS B-NP
. . O

At IN B-PP
one CD B-NP
point NN I-NP
, , O
he PRP B-NP
asked VBD B-VP
a DT B-NP
worker NN I-NP
whether IN B-SBAR
he PRP B-NP
thought VBD B-VP
East NNP B-NP
Germans NNPS I-NP
were VBD B-VP
fleeing VBG I-VP
the DT B-NP
country NN I-NP
because IN B-PP
of IN I-PP
restrictive JJ B-NP
travel NN I-NP
policies NNS I-NP
. . O

The DT B-NP
worker NN I-NP
's POS B-NP
tart JJ I-NP
reply NN I-NP
: : O
`` `` O
It PRP B-NP
's VBZ B-VP
more JJR B-NP
than IN B-PP
just RB B-NP
travel NN I-NP
. . O

People NNS B-NP
have VBP B-VP
a DT B-NP
sense NN I-NP
the DT B-NP
government NN I-NP
is VBZ B-VP
ignoring VBG I-VP
the DT B-NP
real JJ I-NP
problems NNS I-NP
in IN B-PP
our PRP$ B-NP
society NN I-NP
. . O
'' '' O

The DT B-NP
exchange NN I-NP
was VBD B-VP
all PDT B-NP
the DT I-NP
more RBR I-NP
remarkable JJ B-ADJP
in IN B-PP
that DT B-SBAR
authorities NNS B-NP
released VBD B-VP
television NN B-NP
footage NN I-NP
to TO B-PP
Western JJ B-NP
news NN I-NP
agencies NNS I-NP
. . O

This DT B-NP
same JJ I-NP
tendency NN I-NP
toward IN B-PP
openness NN B-NP
impressed VBD B-VP
a DT B-NP
group NN I-NP
of IN B-PP
visiting VBG B-NP
U.S. NNP I-NP
congressmen NNS I-NP
this DT B-NP
spring NN I-NP
. . O

Rather RB B-PP
than IN I-PP
trying VBG B-VP
to TO I-VP
`` `` O
lecture NN B-VP
us PRP B-NP
, , O
'' '' O
says VBZ B-VP
one CD B-NP
congressional JJ I-NP
aide NN I-NP
who WP B-NP
attended VBD B-VP
the DT B-NP
two-hour JJ I-NP
meeting NN I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
`` `` O
wanted VBD B-VP
to TO I-VP
listen VB I-VP
. . O
'' '' O

Rep. NNP B-NP
Ronnie NNP I-NP
Flippo NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Ala. NNP B-NP
-RRB- ) O
, , O
one CD B-NP
of IN B-PP
the DT B-NP
members NNS I-NP
of IN B-PP
the DT B-NP
delegation NN I-NP
, , O
says VBZ B-VP
he PRP B-NP
was VBD B-VP
particularly RB I-VP
impressed VBN I-VP
by IN B-PP
Mr. NNP B-NP
Krenz NNP I-NP
's POS B-NP
ready JJ I-NP
admission NN I-NP
that IN B-SBAR
East NNP B-NP
Germany NNP I-NP
needed VBD B-VP
to TO I-VP
change VB I-VP
. . O

`` `` O
He PRP B-NP
's VBZ B-VP
a DT O
very RB B-ADVP
tough JJ I-ADVP
man NN B-NP
, , O
but CC O
one CD B-NP
who WP B-NP
's VBZ B-VP
also RB B-ADVP
open JJ B-ADJP
to TO B-PP
arguments NNS B-NP
, , O
'' '' O
adds VBZ B-VP
an DT B-NP
aide NN I-NP
to TO B-PP
West JJ B-NP
German NNP I-NP
Chancellor NNP I-NP
Helmut NNP I-NP
Kohl NNP I-NP
. . O

But CC O
there EX B-NP
's VBZ B-VP
another DT B-NP
side NN I-NP
to TO B-PP
Mr. NNP B-NP
Krenz NNP I-NP
. . O

Born VBN B-VP
in IN B-PP
a DT B-NP
Baltic JJ I-NP
town NN I-NP
in IN B-PP
an DT B-NP
area NN I-NP
which WDT B-NP
is VBZ B-VP
now JJ B-ADVP
part NN B-NP
of IN B-PP
Poland NNP B-NP
, , O
he PRP B-NP
has VBZ B-VP
dedicated VBN I-VP
his PRP$ B-NP
life NN I-NP
to TO B-PP
the DT B-NP
party NN I-NP
apparatus NN I-NP
. . O

He PRP B-NP
moved VBD B-VP
quickly RB B-ADVP
through IN B-PP
the DT B-NP
ranks NNS I-NP
with IN B-PP
the DT B-NP
help NN I-NP
of IN B-PP
his PRP$ B-NP
patron NN I-NP
, , O
Mr. NNP B-NP
Honecker NNP I-NP
, , O
and CC O
emerged VBD B-VP
as IN B-PP
the DT B-NP
heir NN I-NP
apparent JJ I-NP
. . O

Barbara NNP B-NP
Donovan NNP I-NP
, , O
an DT B-NP
expert NN I-NP
on IN B-PP
East NNP B-NP
Germany NNP I-NP
at IN B-PP
Radio NNP B-NP
Free NNP I-NP
Europe NNP I-NP
in IN B-PP
Munich NNP B-NP
, , O
says VBZ B-VP
Mr. NNP B-NP
Krenz NNP I-NP
may MD B-VP
project VB I-VP
a DT B-NP
smooth JJ I-NP
image NN I-NP
, , O
but CC O
she PRP B-NP
doubts VBZ B-VP
he PRP B-NP
's VBZ B-VP
a DT B-NP
true JJ I-NP
reformer NN I-NP
. . O

Even RB B-SBAR
if IN I-SBAR
he PRP B-NP
is VBZ B-VP
, , O
she PRP B-NP
adds VBZ B-VP
, , O
he PRP B-NP
appears VBZ B-VP
to TO I-VP
have VB I-VP
only RB B-NP
limited JJ I-NP
room NN I-NP
for IN B-PP
maneuver NN B-NP
within IN B-PP
the DT B-NP
Communist NNP I-NP
Party NNP I-NP
's POS B-NP
ruling NN I-NP
Politburo NNP I-NP
. . O

Against IN B-PP
this DT B-NP
background NN I-NP
, , O
the DT B-NP
new JJ I-NP
East JJ I-NP
German JJ I-NP
leader NN I-NP
must MD B-VP
move VB I-VP
quickly RB B-ADVP
to TO B-VP
shore VB I-VP
up IN B-PRT
his PRP$ B-NP
government NN I-NP
's POS B-NP
standing VBG I-NP
. . O

The DT B-NP
sudden JJ I-NP
growth NN I-NP
of IN B-PP
the DT B-NP
opposition NN I-NP
movement NN I-NP
, , B-NP
together RB I-NP
with IN I-NP
the DT B-NP
steady JJ I-NP
outflow NN I-NP
of IN B-PP
citizens NNS B-NP
escaping VBG B-VP
through IN B-PP
Poland NNP B-NP
and CC I-NP
Hungary NNP I-NP
, , O
has VBZ B-VP
plunged VBN I-VP
the DT B-NP
country NN I-NP
into IN B-PP
its PRP$ B-NP
deepest JJS I-NP
political JJ I-NP
crisis NN I-NP
since IN B-PP
an DT B-NP
anti-Soviet JJ I-NP
workers NNS I-NP
' POS B-NP
uprising NN I-NP
in IN B-PP
1953 CD B-NP
. . O

`` `` O
He PRP B-NP
does VBZ B-VP
n't RB I-VP
have VB I-VP
any DT B-NP
honeymoon NN I-NP
period NN I-NP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
Western JJ I-NP
diplomat NN I-NP
based VBN B-VP
in IN B-PP
East NNP B-NP
Berlin NNP I-NP
. . O

`` `` O
But CC O
if IN B-SBAR
he PRP B-NP
's VBZ B-VP
sharp JJ B-ADJP
and CC I-ADJP
quick JJ I-ADJP
, , O
he PRP B-NP
has VBZ B-VP
a DT B-NP
chance NN I-NP
. . O
'' '' O

The DT B-NP
diplomat NN I-NP
adds VBZ B-VP
that IN B-SBAR
Mr. NNP B-NP
Krenz NNP I-NP
has VBZ B-VP
several JJ B-NP
things NNS I-NP
going VBG B-VP
for IN B-PP
him PRP B-NP
. . O

The DT B-NP
East JJ I-NP
German JJ I-NP
economy NN I-NP
is VBZ B-VP
strong RB B-ADJP
compared VBN B-PP
with IN B-PP
other JJ B-NP
East NNP I-NP
bloc NN I-NP
nations NNS I-NP
. . O

And CC O
his PRP$ B-NP
relative JJ I-NP
youth NN I-NP
could MD B-VP
help VB I-VP
him PRP B-NP
project VB B-VP
a DT B-NP
more RBR I-NP
vibrant JJ I-NP
image NN I-NP
, , O
contrasting VBG B-VP
with IN B-PP
the DT B-NP
perception NN I-NP
of IN B-PP
Mr. NNP B-NP
Honecker NNP I-NP
as IN B-PP
an DT B-NP
out-of-touch JJ I-NP
old JJ I-NP
man NN I-NP
. . O

For IN B-PP
average JJ B-NP
East NNP I-NP
Germans NNPS I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
remains VBZ B-VP
a DT B-NP
puzzle NN I-NP
. . O

`` `` O
Either CC O
he PRP B-NP
was VBD B-VP
n't RB I-VP
being VBG I-VP
real JJ B-ADJP
in IN B-PP
the DT B-NP
past NN I-NP
, , O
or CC O
he PRP B-NP
is VBZ B-VP
n't RB I-VP
being VBG I-VP
real JJ B-ADJP
right RB B-ADVP
now RB I-ADVP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
30-year-old NNP I-NP
East JJ I-NP
German JJ I-NP
doctor NN I-NP
. . O

`` `` O
Either CC B-NP
way NN I-NP
, , O
I PRP B-NP
have VBP B-VP
a DT B-NP
problem NN I-NP
with IN B-PP
how WRB B-ADVP
quickly RB I-ADVP
he PRP B-NP
's VBZ B-VP
changed VBN I-VP
. . O
'' '' O

The DT B-NP
doctor NN I-NP
was VBD B-VP
among IN B-PP
dozens NNS B-NP
of IN B-PP
people NNS B-NP
milling NN B-VP
through IN B-PP
East NNP B-NP
Berlin NNP I-NP
's POS B-NP
Gethsemane NNP I-NP
Church NNP I-NP
Saturday NNP B-NP
morning NN I-NP
. . O

The DT B-NP
walls NNS I-NP
of IN B-PP
the DT B-NP
church NN I-NP
are VBP B-VP
covered VBN I-VP
with IN B-PP
leaflets NNS B-NP
, , O
news NN B-NP
clippings NNS I-NP
, , O
and CC O
handwritten JJ B-NP
notes NNS I-NP
associated VBN B-VP
with IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
political JJ I-NP
opposition NN I-NP
. . O

`` `` O
I PRP B-NP
have VBP B-VP
to TO I-VP
come VB I-VP
here RB B-ADVP
to TO B-VP
read VB I-VP
the DT B-NP
walls NNS I-NP
, , O
'' '' O
says VBZ B-VP
the DT B-NP
doctor NN I-NP
, , O
`` `` O
because IN B-SBAR
it PRP B-NP
's VBZ B-VP
information NN B-NP
I PRP B-NP
still RB B-ADVP
ca MD B-VP
n't RB I-VP
get VB I-VP
through IN B-PP
the DT B-NP
newspapers NNS I-NP
. . O
'' '' O

Meanwhile RB B-ADVP
, , O
East NNP B-NP
Germany NNP I-NP
's POS B-NP
growing VBG I-NP
openness NN I-NP
may MD B-VP
even RB I-VP
allow VB I-VP
the DT B-NP
state-controlled JJ I-NP
news NN I-NP
media NNS I-NP
to TO B-VP
display VB I-VP
a DT B-NP
muted VBN I-NP
sense NN I-NP
of IN B-PP
humor NN B-NP
. . O

Television NNP B-NP
last JJ B-NP
week NN I-NP
carried VBD B-VP
a DT B-NP
new JJ I-NP
report NN I-NP
on IN B-PP
East NNP B-NP
Berlin NNP I-NP
's POS B-NP
main JJ I-NP
wallpaper NN I-NP
factory NN I-NP
and CC O
the DT B-NP
need NN I-NP
to TO B-VP
boost VB I-VP
production NN B-NP
. . O

East NNP B-NP
Germans NNPS I-NP
remember VBP B-VP
a DT B-NP
comment NN I-NP
a DT B-NP
few JJ I-NP
years NNS I-NP
ago RB B-ADVP
by IN B-PP
Kurt NNP B-NP
Hager NNP I-NP
, , O
the DT B-NP
government NN I-NP
's POS B-NP
top JJ I-NP
ideologist NN I-NP
, , O
that IN B-SBAR
just RB B-ADVP
because IN B-SBAR
a DT B-NP
neighbor NN I-NP
hangs VBZ B-VP
new JJ B-NP
wallpaper NN I-NP
, , O
there EX B-NP
's VBZ B-VP
no DT B-NP
reason NN I-NP
to TO B-VP
change VB I-VP
your PRP$ B-NP
own JJ I-NP
. . O

His PRP$ B-NP
point NN I-NP
was VBD B-VP
there EX B-NP
is VBZ B-VP
no DT B-NP
reason NN I-NP
for IN B-SBAR
East NNP B-NP
Germany NNP I-NP
to TO B-VP
copy VB I-VP
Soviet-style JJ B-NP
changes NNS I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
hard JJ B-ADJP
to TO B-VP
know VB I-VP
whether IN B-SBAR
it PRP B-NP
was VBD B-VP
intended VBN I-VP
to TO I-VP
be VB I-VP
funny JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
the DT B-NP
East NNP I-NP
Berlin NNP I-NP
shopkeeper NN I-NP
, , O
`` `` O
But CC O
everyone NN B-NP
I PRP B-NP
know VBP B-VP
laughed VBD B-VP
about IN B-PP
it PRP B-NP
. . O

The DT B-NP
list NN I-NP
of IN B-PP
laboratories NNS B-NP
claiming VBG B-VP
to TO I-VP
be VB I-VP
producing VBG I-VP
inexplicable JJ B-NP
amounts NNS I-NP
of IN B-PP
heat NN B-NP
from IN B-PP
`` `` B-NP
cold JJ I-NP
fusion NN I-NP
'' '' I-NP
experiments NNS I-NP
is VBZ B-VP
slowly RB I-VP
growing VBG I-VP
. . O

But CC O
the DT B-NP
experiments NNS I-NP
continue VBP B-VP
to TO I-VP
be VB I-VP
plagued VBN I-VP
by IN B-PP
lack NN B-NP
of IN B-PP
firm NN B-NP
evidence NN I-NP
that IN B-SBAR
the DT B-NP
extra JJ I-NP
heat NN I-NP
is VBZ B-VP
coming VBG I-VP
from IN B-PP
the DT B-NP
fusing NN I-NP
of IN B-PP
hydrogen NN B-NP
atoms NNS I-NP
. . O

New JJ B-NP
experiments NNS I-NP
at IN B-PP
some DT B-NP
of IN B-PP
the DT B-NP
big JJ I-NP
national JJ I-NP
laboratories NNS I-NP
are VBP B-VP
still RB B-ADVP
unable JJ B-ADJP
to TO B-VP
find VB I-VP
hints NNS B-NP
of IN B-PP
nuclear JJ B-NP
fusion NN I-NP
reactions NNS I-NP
, , O
leaving VBG B-VP
only RB B-NP
the DT I-NP
finding NN I-NP
of IN B-PP
tritium NN B-NP
in IN B-PP
a DT B-NP
Texas NNP I-NP
experiment NN I-NP
to TO B-VP
support VB I-VP
University NNP O
of IN B-PP
Utah NNP B-NP
chemists NNS B-NP
' POS B-NP
claim NN I-NP
of IN B-PP
achieving VBG B-VP
hydrogen NN B-NP
fusion NN I-NP
at IN B-PP
room NN B-NP
temperatures NNS I-NP
. . O

The DT B-NP
latest JJS I-NP
developments NNS I-NP
in IN B-PP
cold JJ B-NP
fusion NN I-NP
research NN I-NP
were VBD B-VP
presented VBN I-VP
in IN B-PP
24 CD B-NP
reports NNS I-NP
delivered VBN B-VP
at IN B-PP
the DT B-NP
fall NN I-NP
meeting NN I-NP
here RB B-ADVP
of IN B-PP
the DT B-NP
Electrochemical NNP I-NP
Society NNP I-NP
, , O
the DT B-NP
first JJ I-NP
scientific JJ I-NP
meeting NN I-NP
in IN B-PP
five CD B-NP
months NNS I-NP
to TO B-VP
hear VB I-VP
formal JJ B-NP
reports NNS I-NP
on IN B-PP
cold JJ B-NP
fusion NN I-NP
experiments NNS I-NP
. . O

The DT B-NP
meeting NN I-NP
offered VBD B-VP
stark JJ B-NP
evidence NN I-NP
of IN B-PP
a DT B-NP
dramatic JJ I-NP
fall NN I-NP
in IN B-PP
scientific JJ B-NP
interest NN I-NP
in IN B-PP
cold JJ B-NP
fusion NN I-NP
research NN I-NP
. . O

Of IN B-PP
the DT B-NP
1,300 CD I-NP
chemists NNS I-NP
registered VBN B-VP
for IN B-PP
the DT B-NP
society NN I-NP
's POS B-NP
weeklong JJ I-NP
meeting NN I-NP
, , O
fewer JJR B-NP
than IN I-NP
200 CD I-NP
sat VBD B-VP
through IN B-PP
the DT B-NP
day NN I-NP
and CC O
a DT B-NP
half NN I-NP
of IN B-PP
cold JJ B-NP
fusion NN I-NP
presentations NNS I-NP
at IN B-PP
week NN B-NP
's POS B-NP
end NN I-NP
. . O

This DT B-NP
was VBD B-VP
in IN B-PP
contrast NN B-NP
with IN B-PP
the DT B-NP
society NN I-NP
's POS B-NP
meeting NN I-NP
last JJ B-NP
May NNP I-NP
, , O
at IN B-PP
the DT B-NP
height NN I-NP
of IN B-PP
the DT B-NP
controversy NN I-NP
, , O
when WRB B-ADVP
more JJR B-NP
than IN I-NP
1,500 CD I-NP
scientists NNS I-NP
, , O
along IN B-PP
with IN B-PP
scores NNS B-NP
of IN B-PP
reporters NNS B-NP
and CC O
TV NN B-NP
crews NNS I-NP
, , O
crowded VBN B-VP
into IN B-PP
a DT B-NP
Los NNP I-NP
Angeles NNP I-NP
hotel NN I-NP
ballroom NN I-NP
for IN B-PP
a DT B-NP
tumultuous JJ I-NP
special JJ I-NP
night NN I-NP
session NN I-NP
on IN B-PP
the DT B-NP
subject NN I-NP
. . O

Neither CC B-NP
of IN B-PP
the DT B-NP
two CD I-NP
chemists NNS I-NP
whose WP$ B-NP
Utah NNP I-NP
experiments NNS I-NP
triggered VBD B-VP
the DT B-NP
cold JJ I-NP
fusion NN I-NP
uproar NN I-NP
, , O
Martin NNP B-NP
Fleischmann NNP I-NP
and CC O
B. NNP B-NP
Stanley NNP I-NP
Pons NNP I-NP
, , O
were VBD B-VP
at IN B-PP
the DT B-NP
meeting NN I-NP
. . O

But CC O
some DT B-NP
members NNS I-NP
of IN B-PP
an DT B-NP
ad NN I-NP
hoc FW I-NP
expert NN I-NP
committee NN I-NP
set VBN B-VP
up IN B-PRT
by IN B-PP
the DT B-NP
Department NNP I-NP
of IN B-PP
Energy NNP B-NP
to TO B-VP
evaluate VB I-VP
the DT B-NP
cold JJ I-NP
fusion NN I-NP
research NN I-NP
were VBD B-VP
in IN B-PP
the DT B-NP
audience NN I-NP
. . O

The DT B-NP
committee NN I-NP
is VBZ B-VP
to TO I-VP
recommend VB I-VP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
month NN I-NP
whether IN B-SBAR
DOE NNP B-NP
should MD B-VP
support VB I-VP
cold JJ B-NP
fusion NN I-NP
research NN I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
two CD I-NP
dozen NN I-NP
scientists NNS I-NP
taking VBG B-VP
the DT B-NP
podium NN I-NP
reported VBD B-VP
results NNS B-NP
with IN B-PP
new JJ B-NP
, , I-NP
more RBR I-NP
sophisticated JJ I-NP
variations NNS I-NP
of IN B-PP
the DT B-NP
seemingly RB I-NP
simple JJ I-NP
electrolysis-of-water JJ I-NP
experiments NNS I-NP
described VBD B-VP
last JJ B-NP
March NNP I-NP
by IN B-PP
Messrs. NNP B-NP
Fleischmann NNP I-NP
and CC I-NP
Pons NNP I-NP
. . O

The DT B-NP
experiments NNS I-NP
involve VBP B-VP
encircling VBG I-VP
a DT B-NP
thin JJ I-NP
rod NN I-NP
of IN B-PP
palladium NN B-NP
metal NN I-NP
with IN B-PP
a DT B-NP
wire NN I-NP
of IN B-PP
platinum NN B-NP
and CC O
plunging VBG B-VP
the DT B-NP
two CD I-NP
electrodes NNS I-NP
into IN B-PP
`` `` B-NP
heavy JJ I-NP
'' '' I-NP
water NN I-NP
in IN B-PP
which WDT B-NP
the DT B-NP
hydrogen NN I-NP
atoms NNS I-NP
are VBP B-VP
a DT B-NP
doubly RB I-NP
heavy JJ I-NP
form NN I-NP
known VBN B-VP
as IN B-PP
deuterium NN B-NP
. . O

When WRB B-ADVP
an DT B-NP
electric JJ I-NP
current NN I-NP
is VBZ B-VP
applied VBN I-VP
to TO B-PP
the DT B-NP
palladium NN I-NP
and CC I-NP
platinum NN I-NP
electrodes NNS I-NP
, , O
the DT B-NP
heavy JJ I-NP
water NN I-NP
did VBD B-VP
begin VB I-VP
to TO I-VP
break VB I-VP
up IN B-PRT
, , O
or CC O
dissociate VB B-VP
. . O

Ordinarily RB B-ADVP
the DT B-NP
electrolysis NN I-NP
, , I-NP
or CC I-NP
breakup NN I-NP
, , O
of IN B-PP
the DT B-NP
water NN I-NP
would MD B-VP
consume VB I-VP
almost RB B-NP
all DT I-NP
of IN B-PP
the DT B-NP
electrical JJ I-NP
energy NN I-NP
. . O

But CC O
Messrs. NNP B-NP
Fleischmann NNP I-NP
and CC I-NP
Pons NNP I-NP
said VBD B-VP
their PRP$ B-NP
experiments NNS I-NP
also RB B-ADVP
produced VBN B-VP
large JJ B-NP
amounts NNS I-NP
of IN B-PP
heat NN B-NP
. . O

The DT B-NP
heat NN I-NP
energy NN I-NP
plus CC B-NP
the DT B-NP
energy NN I-NP
consumed VBN B-VP
by IN B-PP
the DT B-NP
breakup NN I-NP
of IN B-PP
the DT B-NP
water NN I-NP
molecules NNS I-NP
added VBD B-VP
to TO B-PP
far RB B-NP
more JJR I-NP
energy NN I-NP
coming VBG B-VP
out IN B-ADVP
of IN B-PP
the DT B-NP
apparatus NN I-NP
than IN B-PP
electrical JJ B-NP
energy NN I-NP
going VBG B-VP
in IN B-ADVP
, , O
they PRP B-NP
reported VBD B-VP
. . O

Because IN B-SBAR
they PRP B-NP
also RB B-ADVP
detected VBD B-VP
tritium NN B-NP
and CC O
indications NNS B-NP
of IN B-PP
nuclear JJ B-NP
radiation NN I-NP
, , O
they PRP B-NP
asserted VBD B-VP
that IN B-SBAR
the DT B-NP
`` `` I-NP
excess JJ I-NP
'' '' I-NP
heat NN I-NP
energy NN I-NP
must MD B-VP
be VB I-VP
coming VBG I-VP
from IN B-PP
energy NN B-NP
released VBN B-VP
by IN B-PP
the DT B-NP
nuclear JJ I-NP
fusion NN I-NP
of IN B-PP
deuterium NN B-NP
atoms NNS I-NP
inside IN B-PP
the DT B-NP
palladium NN I-NP
rod NN I-NP
. . O

As IN B-PP
of IN B-PP
last JJ B-NP
weekend NN I-NP
, , O
a DT B-NP
dozen NN I-NP
labs NNS I-NP
also RB B-ADVP
have VBP B-VP
reported VBN I-VP
measuring VBG I-VP
`` `` B-NP
excess JJ I-NP
'' '' I-NP
heat NN I-NP
from IN B-PP
similar JJ B-NP
electrolytic JJ I-NP
experiments NNS I-NP
, , O
although IN B-SBAR
amounts NNS B-NP
of IN B-PP
such JJ B-NP
heat NN I-NP
vary VBP B-VP
widely RB B-ADVP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
seven CD I-NP
reports NNS I-NP
presented VBN B-VP
here RB B-ADVP
of IN B-PP
excess JJ B-NP
heat NN I-NP
production NN I-NP
was VBD B-VP
given VBN I-VP
by IN B-PP
Richard NNP B-NP
A. NNP I-NP
Oriani NNP I-NP
, , O
professor NN B-NP
of IN B-PP
chemical NN B-NP
engineering NN I-NP
at IN B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
Minnesota NNP B-NP
. . O

Mr. NNP B-NP
Oriani NNP I-NP
said VBD B-VP
his PRP$ B-NP
skepticism NN I-NP
of IN B-PP
the DT B-NP
Utah NNP I-NP
claims NNS I-NP
was VBD B-VP
initially RB I-VP
confirmed VBN I-VP
when WRB B-ADVP
his PRP$ B-NP
first JJ I-NP
experiments NNS I-NP
last JJ B-NP
spring NN I-NP
failed VBD B-VP
to TO I-VP
produce VB I-VP
results NNS B-NP
. . O

But CC O
he PRP B-NP
then RB B-ADVP
borrowed VBD B-VP
a DT B-NP
palladium NN I-NP
rod NN I-NP
from IN B-PP
chemists NNS B-NP
at IN B-PP
Texas NNP B-NP
A&M NNP I-NP
who WP B-NP
said VBD B-VP
they PRP B-NP
were VBD B-VP
getting VBG I-VP
excess JJ B-NP
heat NN I-NP
. . O

`` `` O
The DT B-NP
results NNS I-NP
were VBD B-VP
fascinating JJ B-ADJP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

On IN B-PP
the DT B-NP
fourth JJ I-NP
`` `` I-NP
run VB I-NP
'' '' O
with IN B-PP
the DT B-NP
borrowed VBN I-NP
rod NN I-NP
, , O
the DT B-NP
experiment NN I-NP
began VBD B-VP
producing VBG I-VP
excess JJ B-NP
heat NN I-NP
. . O

The DT B-NP
experiment NN I-NP
was VBD B-VP
stopped VBN I-VP
briefly NN B-ADVP
to TO B-VP
change VB I-VP
an DT B-NP
instrument NN I-NP
. . O

When WRB B-ADVP
it PRP B-NP
was VBD B-VP
restarted VBN I-VP
, , O
heat NN B-NP
output NN I-NP
`` `` O
really RB B-ADVP
took VBD B-VP
off IN B-PRT
'' '' O
and CC O
produced VBN B-VP
excess JJ B-NP
heat NN I-NP
for IN B-PP
several JJ B-NP
hours NNS I-NP
before IN B-PP
dying VBG B-VP
down RB B-PRT
, , O
he PRP B-NP
said VBD B-VP
. . O

Typical JJ B-ADJP
of IN B-PP
other JJ B-NP
experiments NNS I-NP
, , O
Mr. NNP B-NP
Oriani NNP I-NP
said VBD B-VP
his PRP$ B-NP
experiment NN I-NP
was VBD B-VP
`` `` O
very RB B-ADJP
erratic JJ I-ADJP
. . O
'' '' O

It PRP B-NP
would MD B-VP
go VB I-VP
along IN B-PRT
doing VBG B-VP
nothing NN B-NP
but CC B-PP
dissociating VBG B-VP
the DT B-NP
heavy JJ I-NP
water NN I-NP
and CC O
then RB B-ADVP
at IN B-PP
totally RB B-NP
unpredictable JJ I-NP
times NNS I-NP
, , O
it PRP B-NP
would MD B-VP
begin VB I-VP
producing VBG I-VP
excess JJ B-NP
heat NN I-NP
for IN B-PP
as RB B-NP
long RB I-NP
as IN I-NP
10 CD I-NP
or CC I-NP
11 CD I-NP
hours NNS I-NP
before IN B-PP
quieting VBG B-VP
down RB B-PRT
. . O

The DT B-NP
excess JJ I-NP
heat NN I-NP
was VBD B-VP
15 CD B-NP
% NN I-NP
to TO I-NP
20 CD I-NP
% NN I-NP
more JJR B-NP
than IN B-PP
the DT B-NP
energy NN I-NP
involved VBN B-VP
in IN B-PP
the DT B-NP
electrolysis NN I-NP
of IN B-PP
water NN B-NP
. . O

Mr. NNP B-NP
Oriani NNP I-NP
said VBD B-VP
the DT B-NP
heat NN I-NP
bursts NNS I-NP
were VBD B-VP
too RB B-ADJP
large JJ I-ADJP
and CC O
too RB B-ADJP
long JJ I-ADJP
to TO B-VP
be VB I-VP
explained VBN I-VP
by IN B-PP
the DT B-NP
sudden JJ I-NP
release NN I-NP
of IN B-PP
energy NN B-NP
that WDT B-NP
might MD B-VP
have VB I-VP
slowly RB I-VP
accumulated VBN I-VP
during IN B-PP
the DT B-NP
experiments NNS I-NP
' POS B-NP
quiescent JJ I-NP
times NNS I-NP
, , O
as IN B-SBAR
some DT B-NP
scientists NNS I-NP
have VBP B-VP
suggested VBN I-VP
. . O

`` `` O
There EX B-NP
is VBZ B-VP
a DT B-NP
reality NN I-NP
to TO B-PP
the DT B-NP
excess JJ I-NP
energy NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Other JJ B-NP
scientists NNS I-NP
said VBD B-VP
they PRP B-NP
also RB B-ADVP
were VBD B-VP
getting VBG I-VP
sporadic JJ B-NP
bursts NNS I-NP
of IN B-PP
excess JJ B-NP
heat NN I-NP
lasting VBG B-VP
several JJ B-NP
hours NNS I-NP
at IN B-PP
a DT B-NP
time NN I-NP
. . O

The DT B-NP
bursts NNS I-NP
often RB B-ADVP
occur VBP B-VP
, , O
they PRP B-NP
said VBD B-VP
, , O
after IN O
they PRP B-NP
`` `` B-VP
perturbed JJ I-VP
'' '' O
the DT B-NP
experiments NNS I-NP
by IN B-PP
raising VBG B-VP
or CC I-VP
lowering VBG I-VP
the DT B-NP
amount NN I-NP
of IN B-PP
electric JJ B-NP
current JJ I-NP
being NN B-VP
applied VBN I-VP
, , O
or CC O
switching VBG B-VP
the DT B-NP
current NN I-NP
off IN B-PRT
and CC I-PRT
on RB I-PRT
. . O

One CD B-NP
chemist NN I-NP
privately RB B-ADVP
suggested VBD B-VP
this DT B-NP
hinted VBD B-VP
that IN B-SBAR
some DT B-NP
`` `` I-NP
anomalous JJ I-NP
'' '' I-NP
chemical NN I-NP
reactions NNS I-NP
might MD B-VP
be VB I-VP
producing VBG I-VP
the DT B-NP
heat NN I-NP
. . O

One CD B-NP
reason NN I-NP
questions NNS B-NP
surround VBP B-VP
the DT B-NP
heat NN I-NP
experiments NNS I-NP
is VBZ B-VP
that IN B-SBAR
they PRP B-NP
involve VBP B-VP
unusually RB B-NP
meticulous JJ I-NP
measurements NNS I-NP
. . O

Typically RB B-ADVP
, , O
the DT B-NP
input NN I-NP
energy NN I-NP
ranges NNS B-VP
from IN B-PP
a DT B-NP
third JJ I-NP
of IN B-PP
a DT B-NP
watt NN I-NP
to TO B-PP
one CD B-NP
watt NN I-NP
and CC O
the DT B-NP
excess JJ I-NP
energy NN I-NP
is VBZ B-VP
measured VBN I-VP
in IN B-PP
tenths NNS B-NP
of IN B-PP
a DT B-NP
watt NN I-NP
. . O

One CD B-NP
exception NN I-NP
is VBZ B-VP
a DT B-NP
continuing VBG I-NP
experiment NN I-NP
at IN B-PP
Stanford NNP B-NP
University NNP I-NP
where WRB B-ADVP
as RB B-NP
much JJ I-NP
as IN I-NP
10 CD I-NP
watts NNS I-NP
of IN B-PP
energy NN B-NP
are VBP B-VP
being VBG I-VP
put VB I-VP
into IN B-PP
the DT B-NP
electrolytic JJ I-NP
cells NNS I-NP
. . O

A DT B-NP
cell NN I-NP
filled VBN B-VP
with IN B-PP
heavy JJ B-NP
water NN I-NP
is VBZ B-VP
producing VBG I-VP
1.0 CD B-NP
to TO I-NP
1.5 CD I-NP
watts NNS I-NP
more JJR I-NP
heat NN I-NP
than IN B-PP
an DT B-NP
identical JJ I-NP
electrolytic JJ I-NP
cell NN I-NP
filled VBN B-VP
with IN B-PP
ordinary JJ B-NP
water NN I-NP
next JJ B-PP
to TO B-PP
it PRP B-NP
, , O
reported VBD B-VP
Turgut NNP B-NP
M. NNP I-NP
Gur NNP I-NP
, , O
an DT B-NP
associate NN I-NP
of IN B-PP
materials NNS B-NP
scientist NN I-NP
Robert NNP I-NP
A. NNP I-NP
Huggins NNP I-NP
, , O
head NN B-NP
of IN B-PP
the DT B-NP
Stanford NNP I-NP
experimental JJ I-NP
team NN I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
few JJ I-NP
hints NNS I-NP
the DT B-NP
excess JJ I-NP
heat NN I-NP
might MD B-VP
be VB I-VP
produced VBN I-VP
by IN B-PP
fusion NN B-NP
came VBD B-VP
from IN B-PP
brief JJ B-NP
remarks NNS I-NP
by IN B-PP
chemist NN B-NP
John NNP I-NP
Bockris NNP I-NP
of IN B-PP
Texas NNP B-NP
A&M NNP I-NP
University NNP I-NP
. . O

Mr. NNP B-NP
Bockris NNP I-NP
previously RB B-ADVP
reported VBD B-VP
getting VBG B-VP
bursts NNS B-NP
of IN B-PP
excess JJ B-NP
heat NN I-NP
and CC O
of IN B-PP
detecting VBG B-VP
increasing VBG B-NP
amounts NNS I-NP
of IN B-PP
tritium NN B-NP
forming VBG B-VP
in IN B-PP
the DT B-NP
heavy JJ I-NP
water NN I-NP
. . O

He PRP B-NP
said VBD B-VP
that IN B-SBAR
within IN B-PP
the DT B-NP
past JJ I-NP
few JJ I-NP
days NNS I-NP
, , O
he PRP B-NP
's VBZ B-VP
gotten VBN I-VP
evidence NN B-NP
that IN B-SBAR
there EX B-NP
is VBZ B-VP
a DT B-NP
`` `` I-NP
weak JJ I-NP
correlation NN I-NP
'' '' O
between IN B-PP
the DT B-NP
time NN I-NP
the DT B-NP
heat NN I-NP
bursts NNS I-NP
occur VBP B-VP
and CC O
the DT B-NP
production NN I-NP
of IN B-PP
tritium NN B-NP
. . O

There EX B-NP
is VBZ B-VP
n't RB O
any DT B-NP
way NN I-NP
to TO B-VP
continuously RB I-VP
measure VBP I-VP
the DT B-NP
amount NN I-NP
of IN B-PP
tritium NN B-NP
in IN B-PP
the DT B-NP
heavy JJ I-NP
water NN I-NP
, , O
so IN O
it PRP B-NP
's VBZ B-VP
been VBN I-VP
difficult JJ B-ADJP
to TO B-VP
tell VB I-VP
whether IN O
the DT B-NP
tritium NN I-NP
formation NN I-NP
is VBZ B-VP
related VBN I-VP
to TO B-PP
the DT B-NP
heat NN I-NP
bursts NNS I-NP
or CC O
some DT B-NP
other JJ I-NP
phenomenon NN I-NP
. . O

Increasingly RB B-NP
careful JJ I-NP
attempts NNS I-NP
to TO B-VP
measure VB I-VP
neutrons NNS B-NP
, , O
which WDT B-NP
would MD B-VP
be VB I-VP
strong JJ B-NP
evidence NN I-NP
of IN B-PP
fusion NN B-NP
reactions NNS I-NP
, , O
continue VB B-VP
to TO I-VP
be VB I-VP
negative JJ B-ADJP
. . O

Messrs. NNP B-NP
Fleischmann NNP I-NP
and CC I-NP
Pons NNP I-NP
initially RB B-VP
reported VBD I-VP
indirect JJ B-NP
evidence NN I-NP
of IN B-PP
neutrons NNS B-NP
being VBG B-VP
produced VBN I-VP
in IN B-PP
their PRP$ B-NP
experiment NN I-NP
but CC O
later RB B-VP
conceded VBD I-VP
the DT B-NP
measurements NNS I-NP
were VBD B-VP
questionable JJ B-ADJP
. . O

Researchers NNS B-NP
at IN B-PP
Sandia NNP B-NP
National NNP I-NP
Laboratories NNPS I-NP
in IN B-PP
Albuquerque NNP B-NP
, , O
N.M. NNP B-NP
, , O
reported VBD B-VP
they PRP B-NP
went VBD B-VP
so RB B-ADVP
far RB I-ADVP
as IN B-SBAR
to TO B-VP
take VB I-VP
a DT B-NP
`` `` I-NP
cold JJ I-NP
fusion NN I-NP
'' '' I-NP
experiment NN I-NP
and CC O
three CD B-NP
neutron NN I-NP
detectors NNS I-NP
into IN B-PP
a DT B-NP
tunnel NN I-NP
under IN B-PP
300 CD B-NP
feet NNS I-NP
of IN B-PP
granite NN B-NP
to TO B-VP
shield VB I-VP
the DT B-NP
detectors NNS I-NP
from IN B-PP
cosmic JJ B-NP
rays NNS I-NP
. . O

A DT B-NP
number NN I-NP
of IN B-PP
times NNS B-NP
they PRP B-NP
detected VBD B-VP
neutrons NNS B-NP
in IN B-PP
one CD B-NP
, , B-NP
sometimes RB I-NP
two CD B-NP
, , O
of IN B-PP
the DT B-NP
three CD I-NP
detectors NNS I-NP
, , O
but CC O
only RB B-ADVP
once RB I-ADVP
during IN B-PP
411 CD B-NP
hours NNS I-NP
of IN B-PP
the DT B-NP
experiment NN I-NP
did VBD O
they PRP B-NP
detect VBP B-VP
a DT B-NP
neutron NN I-NP
burst NN I-NP
in IN B-PP
all DT B-NP
three CD I-NP
detectors NNS I-NP
-- : O
and CC O
they PRP B-NP
think VBP B-VP
that WDT B-NP
was VBD B-VP
a DT B-NP
spurious JJ I-NP
event NN I-NP
. . O

Shimson NNP B-NP
Gottesfeld NNP I-NP
of IN B-PP
Los NNP B-NP
Alamos NNP I-NP
National NNP I-NP
Laboratory NNP I-NP
said VBD B-VP
researchers NNS B-NP
there EX B-ADVP
detected VBN B-VP
a DT B-NP
burst NN I-NP
of IN B-PP
neutrons NNS B-NP
from IN B-PP
an DT B-NP
early JJ I-NP
cold JJ I-NP
fusion NN I-NP
experiment NN I-NP
last JJ B-NP
April NNP I-NP
but CC O
decided VBD B-VP
not RB O
to TO B-VP
announce VB I-VP
it PRP B-NP
until IN B-SBAR
they PRP B-NP
could MD B-VP
confirm VB I-VP
it PRP B-NP
. . O

In IN B-PP
subsequent JJ B-NP
experiments NNS I-NP
, , O
one CD B-NP
of IN B-PP
two CD B-NP
neutron NN I-NP
detectors NNS I-NP
occasionally RB B-ADVP
indicated VBD B-VP
a DT B-NP
burst NN I-NP
of IN B-PP
neutrons NNS B-NP
but CC O
neutron NN B-NP
bursts NNS I-NP
were VBD B-VP
never RB I-VP
recorded VBN I-VP
in IN B-PP
both DT B-NP
detectors NNS I-NP
at IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
. . O

They PRP B-NP
concluded VBD B-VP
the DT B-NP
indications NNS I-NP
of IN B-PP
neutrons NNS B-NP
stemmed VBD B-VP
from IN B-PP
faults NNS B-NP
in IN B-PP
the DT B-NP
detectors NNS I-NP
rather RB B-PP
than IN I-PP
from IN B-PP
the DT B-NP
cold JJ I-NP
fusion NN I-NP
experiment NN I-NP
. . O

At IN B-PP
the DT B-NP
Lawrence NNP I-NP
Berkeley NNP I-NP
Laboratory NNP I-NP
in IN B-PP
California NNP B-NP
, , O
new JJ B-NP
experiments NNS I-NP
indicated VBD B-VP
that IN B-SBAR
the DT B-NP
lithium NN I-NP
added VBD B-VP
to TO B-PP
the DT B-NP
heavy JJ I-NP
water NN I-NP
so IN B-SBAR
it PRP B-NP
will MD B-VP
conduct VB I-VP
a DT B-NP
current NN I-NP
can MD B-VP
produce VB I-VP
previously RB B-NP
unsuspected JJ I-NP
electrical JJ I-NP
effects NNS I-NP
on IN B-PP
the DT B-NP
surface NN I-NP
of IN B-PP
the DT B-NP
palladium NN I-NP
rod NN I-NP
-- : O
which WDT B-NP
Messrs. NNP B-NP
Fleischmann NNP I-NP
and CC I-NP
Pons NNP I-NP
might MD B-VP
have VB I-VP
misinterpreted VBN I-VP
, , O
reported VBD B-VP
Philip NNP B-NP
Ross NNP I-NP
from IN B-PP
the DT B-NP
California NNP I-NP
laboratory NN I-NP
. . O

Dow NNP B-NP
Jones NNP I-NP
& CC I-NP
Co. NNP I-NP
announced VBD B-VP
Wall NNP B-NP
Street NNP I-NP
Journal NNP I-NP
advertising NN I-NP
rates NNS I-NP
for IN B-PP
1990 CD B-NP
. . O

The DT B-NP
rates NNS I-NP
, , O
which WDT B-NP
take VBP B-VP
effect NN B-NP
Jan. NNP B-NP
2 CD I-NP
, , O
include VBP B-VP
a DT B-NP
4 CD I-NP
% NN I-NP
increase NN I-NP
for IN B-PP
national JJ B-NP
edition NN I-NP
advertising NN I-NP
. . O

The DT B-NP
Journal NNP I-NP
also RB B-ADVP
will MD B-VP
offer VB I-VP
expanded VBN B-NP
volume NN I-NP
and CC I-NP
frequency NN I-NP
discounts NNS I-NP
. . O

The DT B-NP
increase NN I-NP
for IN B-PP
national JJ B-NP
edition NN I-NP
advertising NN I-NP
is VBZ B-VP
less JJR B-ADJP
than IN B-PP
the DT B-NP
inflation NN I-NP
rate NN I-NP
and CC O
compares VBZ B-VP
with IN B-PP
a DT B-NP
6.5 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
1989 CD B-NP
. . O

`` `` O
Newsprint NN B-NP
and CC I-NP
postage NN I-NP
prices VBZ I-NP
this DT B-NP
year NN I-NP
have VBP B-VP
not RB I-VP
gone VBN I-VP
up IN B-ADVP
, , O
'' '' O
said VBD B-VP
Peter NNP B-NP
R. NNP I-NP
Kann NNP I-NP
, , O
president NN B-NP
of IN B-PP
Dow NNP B-NP
Jones NNP I-NP
. . O

`` `` O
We PRP B-NP
have VBP B-VP
invested VBN I-VP
in IN B-PP
improved VBN B-NP
editorial NN I-NP
quality NN I-NP
and CC O
expanded VBN B-VP
our PRP$ B-NP
quality NN I-NP
audience NN I-NP
without IN B-PP
substantially RB B-VP
increasing VBG I-VP
our PRP$ B-NP
costs NNS I-NP
. . O

Fundamental JJ B-NP
fairness NN I-NP
and CC O
a DT B-NP
sense NN I-NP
of IN B-PP
responsibility NN B-NP
lead NN B-VP
us PRP B-NP
to TO B-VP
share VB I-VP
operating VBG B-NP
efficiencies NNS I-NP
with IN B-PP
our PRP$ B-NP
customers NNS I-NP
. . O
'' '' O

Advertising NN B-NP
rates NNS I-NP
for IN B-PP
the DT B-NP
Eastern NNP I-NP
, , I-NP
Midwest NNP I-NP
, , I-NP
Western JJ I-NP
and CC I-NP
Southwest NNP I-NP
editions NNS I-NP
will MD B-VP
increase VB I-VP
an DT B-NP
average JJ I-NP
5.5 CD I-NP
% NN I-NP
, , O
and CC O
rates NNS B-NP
for IN B-PP
localized JJ B-NP
advertising NN I-NP
editions NNS I-NP
will MD B-VP
increase VB I-VP
7.5 CD B-NP
% NN I-NP
. . O

Rates NNS B-NP
for IN B-PP
the DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
Reports NNS I-NP
will MD B-VP
remain VB I-VP
unchanged JJ B-ADJP
. . O

A DT B-NP
one-time JJ I-NP
noncontract JJ I-NP
full-page JJ I-NP
advertisement NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
national JJ I-NP
edition NN I-NP
will MD B-VP
cost VB I-VP
$ $ B-NP
99,385 CD I-NP
. . O

Advertising NN B-NP
rates NNS I-NP
for IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal\/Europe NNP I-NP
, , O
published VBN B-VP
in IN B-PP
Brussels NNP B-NP
and CC O
printed VBN B-VP
in IN B-PP
the DT B-NP
Netherlands NNP I-NP
and CC O
Switzerland NNP B-NP
, , O
will MD B-VP
increase VB I-VP
9 CD B-NP
% NN I-NP
. . O

Rates NNS B-NP
for IN B-PP
The DT B-NP
Asian NNP I-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
, , O
published VBN B-VP
and CC I-VP
printed VBN I-VP
in IN B-PP
Hong NNP B-NP
Kong NNP I-NP
and CC O
also RB B-ADVP
printed VBN B-VP
in IN B-PP
Singapore NNP B-NP
and CC I-NP
Tokyo NNP I-NP
, , O
will MD B-VP
rise VB I-VP
8 CD B-NP
% NN I-NP
. . O

Rates NNS B-NP
for IN B-PP
The DT B-NP
Asian NNP I-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
Weekly NNP I-NP
, , O
published VBN B-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
for IN B-PP
North NNP B-NP
American JJ I-NP
readers NNS I-NP
, , O
will MD B-VP
rise VB I-VP
6 CD B-NP
% NN I-NP
. . O

Dow NNP B-NP
Jones NNP I-NP
also RB B-ADVP
publishes VBZ B-VP
Barron NNP B-NP
's POS B-NP
magazine NN I-NP
, , O
other JJ B-NP
periodicals NNS I-NP
and CC O
community NN B-NP
newspapers NNS I-NP
and CC O
operates VBZ B-VP
electronic JJ B-NP
business NN I-NP
information NN I-NP
services NNS I-NP
. . O

It PRP B-NP
owns VBZ B-VP
67 CD B-NP
% NN I-NP
of IN B-PP
Telerate NNP B-NP
Inc. NNP I-NP
, , O
a DT B-NP
leading VBG I-NP
supplier NN I-NP
of IN B-PP
computerized JJ B-NP
financial JJ I-NP
information NN I-NP
on IN B-PP
global JJ B-NP
markets NNS I-NP
. . O

Reflecting VBG B-VP
the DT B-NP
impact NN I-NP
of IN B-PP
lower JJR B-NP
semiconductor NN I-NP
prices NNS I-NP
and CC O
cuts NNS B-NP
in IN B-PP
defense NN B-NP
spending NN I-NP
, , O
Texas NNP B-NP
Instruments NNP I-NP
Inc. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
31 CD B-NP
% NN I-NP
and CC O
sales NNS B-NP
dropped VBD B-VP
slightly RB B-ADVP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Net NN B-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
65 CD I-NP
million CD I-NP
, , O
or CC O
67 CD B-NP
cents NNS I-NP
a DT B-NP
common JJ I-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
93.7 CD I-NP
million CD I-NP
or CC O
$ $ B-NP
1.03 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Sales NNS B-NP
fell VBD B-VP
2.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.54 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.58 CD I-NP
billion CD I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
the DT B-NP
electronics NNS I-NP
and CC I-NP
defense NN I-NP
concern NN I-NP
had VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
255.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.70 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
5.6 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
271 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.01 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
year-ago JJ I-NP
period NN I-NP
. . O

Sales NNS B-NP
were VBD B-VP
$ $ B-NP
4.66 CD I-NP
billion CD I-NP
, , O
up IN B-ADVP
1.3 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
4.6 CD I-NP
billion CD I-NP
. . O

Jerry NNP B-NP
Junkins NNP I-NP
, , O
chairman NN B-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
, , O
said VBD B-VP
sluggish JJ B-NP
consumer-electronics NNS I-NP
sales NNS I-NP
reduced VBD B-VP
demand NN B-NP
for IN B-PP
semiconductors NNS B-NP
. . O

That DT B-NP
, , O
coupled VBN B-PP
with IN B-PP
lower JJR B-NP
semiconductor NN I-NP
prices NNS I-NP
and CC O
higher JJR B-NP
semiconductor-depreciation JJ I-NP
expense NN I-NP
, , O
contributed VBD B-VP
to TO B-PP
the DT B-NP
decline NN I-NP
in IN B-PP
sales NNS B-NP
and CC I-NP
profit NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
cost NN B-NP
increases NNS I-NP
related VBN B-ADJP
to TO B-PP
fixed-price JJ B-NP
defense NN I-NP
contracts NNS I-NP
and CC O
a DT B-NP
$ $ I-NP
10 CD I-NP
million CD I-NP
charge NN I-NP
to TO B-VP
reduce VB I-VP
the DT B-NP
work NN I-NP
force NN I-NP
of IN B-PP
Texas NNP B-NP
Instruments NNPS I-NP
' POS B-NP
defense-electronics NNS I-NP
division NN I-NP
also RB B-ADVP
reduced VBD B-VP
net JJ B-NP
. . O

However RB B-ADVP
, , O
the DT B-NP
quarter NN I-NP
results NNS I-NP
included VBD B-VP
$ $ B-NP
28 CD I-NP
million CD I-NP
in IN B-PP
royalty NN B-NP
income NN I-NP
from IN B-PP
patent NN B-NP
licenses NNS I-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
21 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

The DT B-NP
nine CD I-NP
months NNS I-NP
include VBP B-VP
$ $ B-NP
125 CD I-NP
million CD I-NP
of IN B-PP
royalty NN B-NP
income NN I-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
98 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
. . O

Mr. NNP B-NP
Junkins NNP I-NP
was VBD B-VP
n't RB O
optimistic JJ B-ADJP
about IN B-PP
the DT B-NP
short-term JJ I-NP
outlook NN I-NP
, , O
hinting VBG B-VP
that IN B-SBAR
further JJ B-NP
workforce NN I-NP
reductions NNS I-NP
may MD B-VP
be VB I-VP
needed VBN I-VP
. . O

`` `` O
We PRP B-NP
expect VBP B-VP
near-term JJ B-NP
sluggishness NN I-NP
in IN B-PP
the DT B-NP
electronics NNS I-NP
market NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
, , O
`` `` O
and CC O
we PRP B-NP
will MD B-VP
take VB I-VP
ongoing JJ B-NP
cost-reduction JJ I-NP
actions NNS I-NP
as IN O
necessary JJ B-ADJP
to TO B-VP
keep VB I-VP
operations NNS B-NP
aligned VBN B-VP
with IN B-PP
demand NN B-NP
. . O
'' '' O

Further RB B-ADVP
, , O
he PRP B-NP
said VBD B-VP
, , O
an DT B-NP
internal JJ I-NP
reorganization NN I-NP
to TO B-VP
combine VB I-VP
several JJ B-NP
divisions NNS I-NP
into IN B-PP
the DT B-NP
Information NNP I-NP
Technology NNP I-NP
Group NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
affect VB I-VP
fourth-quarter JJ B-NP
results NNS I-NP
by IN B-PP
an DT B-NP
undisclosed JJ I-NP
amount NN I-NP
. . O

Lynch NNP B-NP
Corp. NNP I-NP
said VBD B-VP
its PRP$ B-NP
Lynch NNP I-NP
Telephone NNP I-NP
Corp. NNP I-NP
subsidiary NN I-NP
completed VBD B-VP
the DT B-NP
acquisition NN I-NP
of IN B-PP
Western NNP B-NP
New NNP I-NP
Mexico NNP I-NP
Telephone NNP I-NP
Co. NNP I-NP
for IN B-PP
$ $ B-NP
20 CD I-NP
million CD I-NP
plus CC B-NP
assumption NN B-NP
of IN B-PP
$ $ B-NP
24 CD I-NP
million CD I-NP
of IN B-PP
debt NN B-NP
. . O

Western NNP B-NP
New NNP I-NP
Mexico NNP I-NP
Telephone NNP I-NP
, , O
Silver NNP B-NP
City NNP I-NP
, , O
had VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
1.9 CD I-NP
million CD I-NP
on IN B-PP
revenue NN B-NP
of IN B-PP
about RB B-NP
$ $ I-NP
10 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
an DT B-NP
independent JJ I-NP
phone NN I-NP
company NN I-NP
with IN B-PP
a DT B-NP
service NN I-NP
area NN I-NP
of IN B-PP
15,000 CD B-NP
square NN I-NP
miles NNS I-NP
in IN B-PP
southwest RB B-NP
New NNP I-NP
Mexico NNP I-NP
. . O

It PRP B-NP
is VBZ B-VP
also RB B-ADVP
a DT B-NP
partner NN I-NP
in IN B-PP
the DT B-NP
wireline JJ I-NP
cellular JJ I-NP
franchise NN I-NP
covering VBG B-VP
most RBS B-NP
of IN B-PP
western JJ B-NP
New NNP I-NP
Mexico NNP I-NP
. . O

The DT B-NP
transaction NN I-NP
represents VBZ B-VP
Lynch NNP B-NP
's POS B-NP
entry NN I-NP
into IN B-PP
the DT B-NP
telephone NN I-NP
business NN I-NP
. . O

The DT B-NP
company NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
interests NNS B-NP
in IN B-PP
television NN B-NP
, , O
trucking NN B-NP
services NNS I-NP
, , O
and CC O
glass-making NN B-NP
and CC I-NP
food-processing NN I-NP
equipment NN I-NP
, , O
said VBD B-VP
it PRP B-NP
plans VBZ B-VP
to TO I-VP
make VB I-VP
other JJ B-NP
acquisitions NNS I-NP
in IN B-PP
the DT B-NP
telephone NN I-NP
industry NN I-NP
. . O

Nelson NNP B-NP
Bunker NNP I-NP
Hunt NNP I-NP
's POS B-NP
attempted VBD I-NP
corner NN I-NP
on IN B-PP
silver NN B-NP
a DT B-NP
decade NN I-NP
ago RB B-ADVP
is VBZ B-VP
still RB I-VP
haunting JJ I-VP
the DT B-NP
market NN I-NP
in IN B-PP
this DT B-NP
metal NN I-NP
. . O

Silver NN B-NP
, , O
now JJ B-VP
trading NN I-VP
around IN B-NP
$ $ I-NP
5 VBG I-NP
an DT B-NP
ounce NN I-NP
, , O
surged VBD B-VP
to TO B-PP
an DT B-NP
all-time JJ I-NP
peak NN I-NP
of IN B-PP
$ $ B-NP
50 CD I-NP
an DT B-NP
ounce NN I-NP
in IN B-PP
January NNP B-NP
1980 CD I-NP
from IN B-PP
around IN B-NP
$ $ I-NP
9 CD I-NP
in IN B-PP
mid-1979 NN B-NP
. . O

`` `` O
Mr. NNP B-NP
Hunt NNP I-NP
's POS B-NP
attempt NN I-NP
to TO B-VP
squeeze VB I-VP
the DT B-NP
silver NN I-NP
market NN I-NP
10 CD B-NP
years NNS I-NP
ago RB B-ADVP
is VBZ B-VP
still RB B-ADVP
indirectly RB B-ADVP
to TO B-VP
blame VB I-VP
for IN B-PP
today NN B-NP
's POS B-NP
market NN I-NP
depression NN I-NP
, , O
'' '' O
says VBZ B-VP
Lesley NNP B-NP
Edgar NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
of IN B-PP
Sharps NNP B-NP
Pixley NNP I-NP
Ltd. NNP I-NP
, , O
London NNP B-NP
bullion NN I-NP
brokers NNS I-NP
. . O

While IN B-SBAR
some DT B-NP
100 CD I-NP
million CD I-NP
ounces NNS I-NP
of IN B-PP
silver NN B-NP
once RB B-VP
held VBD I-VP
by IN B-PP
Mr. NNP B-NP
Hunt NNP I-NP
and CC O
Middle NNP B-NP
Eastern NNP I-NP
associates NNS I-NP
are VBP B-VP
n't RB I-VP
hanging VBG I-VP
over IN B-PP
the DT B-NP
market NN I-NP
anymore RB B-ADVP
, , O
the DT B-NP
price NN I-NP
surge NN I-NP
of IN B-PP
1979-80 CD B-NP
precipitated VBD B-VP
an DT B-NP
expansion NN I-NP
of IN B-PP
mine NN B-NP
production NN I-NP
and CC O
scrap NN B-NP
recovery NN I-NP
and CC O
encouraged VBN B-VP
silver NN B-NP
consumers NNS I-NP
to TO B-VP
economize VB I-VP
on IN B-PP
silver NN B-NP
use NN I-NP
, , O
Mr. NNP B-NP
Edgar NNP I-NP
says VBZ B-VP
. . O

Photographic JJ B-NP
developers NNS I-NP
, , O
for IN B-PP
example NN B-NP
, , O
bought VBD B-VP
equipment NN B-NP
to TO B-VP
recover VB I-VP
silver NN B-NP
from IN B-PP
spent VBN B-NP
photographs NNS I-NP
, , I-NP
negatives NNS I-NP
and CC I-NP
processing NN I-NP
solutions NNS I-NP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
photographic JJ I-NP
industry NN I-NP
, , O
which WDT B-NP
accounts VBZ B-VP
for IN B-PP
44 CD B-NP
% NN I-NP
of IN B-PP
silver NN B-NP
consumption NN I-NP
, , O
continues VBZ B-VP
to TO I-VP
look VB I-VP
for IN B-PP
substitutes NNS B-NP
. . O

Japanese JJ B-NP
and CC I-NP
U.S. NNP I-NP
photographic JJ I-NP
firms NNS I-NP
are VBP B-VP
beginning VBG I-VP
to TO I-VP
produce VB I-VP
electronic JJ B-NP
cameras NNS I-NP
and CC I-NP
X-rays NNS I-NP
that WDT B-NP
do VBP B-VP
n't RB I-VP
require VB I-VP
silver NN B-NP
, , O
dealers NNS B-NP
say VBP B-VP
. . O

Silver NN B-NP
's POS B-NP
history NN I-NP
of IN B-PP
volatility NN B-NP
is VBZ B-VP
also RB I-VP
discouraging VBG I-VP
investors NNS B-NP
, , O
dealers NNS B-NP
say VBP B-VP
. . O

Even RB B-ADVP
in IN B-PP
the DT B-NP
present JJ I-NP
uncertain JJ I-NP
investment NN I-NP
climate NN I-NP
, , O
investors NNS B-NP
are VBP B-VP
preferring VBG I-VP
`` `` O
quality NN B-NP
assets NNS I-NP
'' '' O
such JJ B-PP
as IN I-PP
Treasury NNP B-NP
bills NNS I-NP
and CC O
bonds NNS B-NP
to TO B-PP
gold NN B-NP
, , I-NP
silver NN I-NP
and CC I-NP
platinum NN I-NP
, , O
dealers NNS B-NP
say VBP B-VP
. . O

Although IN B-SBAR
prices NNS B-NP
rallied VBD B-VP
briefly NN B-ADVP
following VBG B-PP
the DT B-NP
tumble NN I-NP
on IN B-PP
world NN B-NP
stock NN I-NP
markets NNS I-NP
earlier RBR B-NP
this DT I-NP
month NN I-NP
and CC O
the DT B-NP
related VBN I-NP
decline NN I-NP
of IN B-PP
the DT B-NP
dollar NN I-NP
, , O
precious JJ B-NP
metals NNS I-NP
are VBP B-VP
out IN B-PP
of IN B-PP
favor NN B-NP
for IN B-PP
the DT B-NP
moment NN I-NP
because IN B-PP
of IN I-PP
high JJ B-NP
interest NN I-NP
rates NNS I-NP
and CC O
a DT B-NP
determination NN I-NP
by IN B-PP
industrial JJ B-NP
nations NNS I-NP
to TO B-VP
curb VB I-VP
inflation NN B-NP
, , O
dealers NNS B-NP
say VBP B-VP
. . O

Silver NN B-NP
, , O
however RB B-ADVP
is VBZ B-VP
in IN B-PP
a DT B-NP
deeper JJR I-NP
slump NN I-NP
than IN B-SBAR
are VBP B-VP
gold NN B-NP
and CC I-NP
platinum NN I-NP
. . O

Some DT B-NP
analysts NNS I-NP
contend VBP B-VP
that DT O
silver NN B-NP
is VBZ B-VP
cheap JJ B-ADJP
now RB B-SBAR
that IN I-SBAR
prices NNS B-NP
are VBP B-VP
languishing VBG I-VP
at IN B-PP
levels NNS B-NP
last RB B-VP
seen VBN I-VP
in IN B-PP
the DT B-NP
mid-1970s NNS I-NP
. . O

`` `` O
Bargain NN B-NP
hunters NNS I-NP
believe VBP B-VP
that DT O
silver NN B-NP
offers VBZ B-VP
the DT B-NP
best JJS I-NP
value NN I-NP
amongst IN B-PP
precious JJ B-NP
metals NNS I-NP
, , O
'' '' O
says VBZ B-VP
Frederick NNP B-NP
R. NNP I-NP
Demler NNP I-NP
, , O
analyst NN B-NP
at IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc NNP I-NP
. . O

A DT B-NP
further JJ I-NP
decline NN I-NP
in IN B-PP
prices NNS B-NP
will MD B-VP
lead VB I-VP
to TO B-PP
mine VB B-NP
production NN I-NP
cuts NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

Scrap NN B-NP
merchants NNS I-NP
are VBP B-VP
converting VBG I-VP
smaller JJR B-NP
quantities NNS I-NP
of IN B-PP
metal NN B-NP
into IN B-PP
silver NN B-NP
, , O
while IN B-SBAR
low JJ B-NP
prices NNS I-NP
are VBP B-VP
discouraging VBG I-VP
exports NNS B-NP
from IN B-PP
India NNP B-NP
and CC O
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
. . O

Silver JJ B-NP
prices NNS I-NP
could MD B-VP
also RB I-VP
be VB I-VP
boosted VBN I-VP
by IN B-PP
strikes NNS B-NP
in IN B-PP
leading VBG B-NP
producing VBG I-NP
nations NNS I-NP
Peru NNP I-NP
and CC I-NP
Mexico NNP I-NP
, , O
Mr. NNP B-NP
Demler NNP I-NP
says VBZ B-VP
. . O

Meanwhile RB B-ADVP
, , O
total JJ B-NP
fabrication NN I-NP
demand NN I-NP
for IN B-PP
silver NN B-NP
has VBZ B-VP
risen VBN I-VP
six CD B-NP
years NNS I-NP
in IN B-PP
a DT B-NP
row NN I-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

Japanese JJ B-NP
demand NN I-NP
grew VBN B-VP
by IN B-PP
70 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
of IN B-PP
this DT B-NP
year NN I-NP
and CC O
the DT B-NP
nation NN I-NP
plans VBZ B-VP
an DT B-NP
issue NN I-NP
of IN B-PP
a DT B-NP
silver NN I-NP
commemorative JJ I-NP
coin NN I-NP
that WDT B-NP
will MD B-VP
require VB I-VP
4.5 CD B-NP
million CD I-NP
ounces NNS I-NP
. . O

Compared VBN B-PP
with IN B-PP
huge JJ B-NP
annual JJ I-NP
surpluses NNS I-NP
of IN B-PP
more JJR B-NP
than IN I-NP
100 CD I-NP
million CD I-NP
ounces NNS I-NP
in IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
of IN B-PP
the DT B-NP
1980s CD I-NP
, , O
world NN B-NP
silver NN I-NP
supplies NNS I-NP
and CC I-NP
consumption NN I-NP
are VBP B-VP
now RB B-ADVP
nearly RB B-ADVP
in IN B-PP
balance NN B-NP
, , O
Mr. NNP B-NP
Demler NNP I-NP
says VBZ B-VP
. . O

Despite IN B-PP
intermittent JJ B-NP
rallies NNS I-NP
in IN B-PP
the DT B-NP
past JJ I-NP
few JJ I-NP
years NNS I-NP
, , O
improvements NNS B-NP
in IN B-PP
the DT B-NP
supply-demand JJ I-NP
balance NN I-NP
have VBP B-VP
n't RB I-VP
managed VBN I-VP
to TO I-VP
push VB I-VP
silver NN B-NP
prices NNS I-NP
into IN B-PP
a DT B-NP
higher JJR I-NP
range NN I-NP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
just RB B-ADVP
too RB B-NP
much JJ I-NP
silver NN I-NP
around IN B-ADVP
, , O
'' '' O
says VBZ B-VP
Tom NNP B-NP
Butler NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
Samuel NNP B-NP
Montagu NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
a DT B-NP
London NNP I-NP
bullion NN I-NP
house NN I-NP
. . O

A DT B-NP
huge JJ I-NP
silver NN I-NP
stockpile NN I-NP
at IN B-PP
exchanges NNS B-NP
, , O
refiners NNS B-NP
, , O
consuming VBG B-NP
industries NNS I-NP
and CC O
government NN B-NP
warehouses NNS I-NP
of IN B-PP
at IN B-NP
least JJS I-NP
617 CD I-NP
million CD I-NP
ounces NNS I-NP
is VBZ B-VP
the DT B-NP
market NN I-NP
depressant NN I-NP
, , O
says VBZ B-VP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc. NNP I-NP
in IN B-PP
a DT B-NP
report NN I-NP
. . O

This DT B-NP
year NN I-NP
alone RB B-ADVP
, , O
inventories NNS B-NP
at IN B-PP
the DT B-NP
Commodity NNP I-NP
Exchange NNP I-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
jumped VBD B-VP
`` `` O
by IN B-PP
a DT B-NP
staggering JJ I-NP
46 CD I-NP
million CD I-NP
to TO B-PP
221 CD B-NP
million CD I-NP
ounces NNS I-NP
'' '' O
because IN B-PP
of IN I-PP
producer NN B-NP
deliveries NNS I-NP
, , O
de-stocking NN B-NP
by IN B-PP
fabricators NNS B-NP
and CC O
sales NNS B-NP
by IN B-PP
disenchanted JJ B-NP
investors NNS I-NP
, , O
says VBZ B-VP
Rhona NNP B-NP
O'Connell NNP I-NP
, , O
London-based JJ B-NP
precious JJ I-NP
metals NNS I-NP
analyst NN I-NP
at IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
. . O

`` `` O
Silver NN B-NP
production NN I-NP
is VBZ B-VP
also RB B-ADVP
in IN B-PP
an DT B-NP
inexorable JJ I-NP
upward JJ I-NP
trend NN I-NP
, , O
'' '' O
Ms. NNP B-NP
O'Connell NNP I-NP
says VBZ B-VP
. . O

Moreover RB B-ADVP
, , O
while IN B-SBAR
Asian JJ B-NP
and CC I-NP
Middle NNP I-NP
Eastern NNP I-NP
investors NNS I-NP
hoard VBP B-VP
gold NN B-NP
and CC O
help VB B-VP
underpin VB I-VP
its PRP$ B-NP
price NN I-NP
, , O
silver NN B-NP
does VBZ B-VP
n't RB I-VP
have VB I-VP
the DT B-NP
same JJ I-NP
mystique NN I-NP
, , O
dealers NNS B-NP
say VBP B-VP
. . O

Investors NNS B-NP
have VBP B-VP
gotten VBN I-VP
burned VBN I-VP
on IN B-PP
silver NN B-NP
so RB B-ADVP
often RB I-ADVP
that IN B-SBAR
they PRP B-NP
are VBP B-VP
far RB B-ADJP
more RBR I-ADJP
partial JJ I-ADJP
to TO B-PP
gold NN B-NP
, , O
says VBZ B-VP
Urs NNP B-NP
Seiler NNP I-NP
, , O
senior JJ B-NP
vice NN I-NP
president NN I-NP
at IN B-PP
Union NNP B-NP
Bank NNP I-NP
of IN B-PP
Switzerland NNP B-NP
. . O

Yet RB O
if IN B-SBAR
gold NN B-NP
prices NNS I-NP
improve VBP B-VP
, , O
silver NN B-NP
prices NNS I-NP
could MD B-VP
rally VB I-VP
sharply RB B-ADVP
, , O
he PRP B-NP
says VBZ B-VP
. . O

However RB B-ADVP
, , O
dealers NNS B-NP
caution VBP B-VP
that IN B-SBAR
any DT B-NP
increase NN I-NP
would MD B-VP
be VB I-VP
$ $ B-NP
1 CD I-NP
to TO I-NP
$ $ I-NP
2 CD I-NP
at IN B-ADVP
most RBS I-ADVP
. . O

Looking VBG B-VP
ahead RB B-ADVP
to TO B-PP
other JJ B-NP
commodity NN I-NP
markets VBZ I-NP
this DT B-NP
week NN I-NP
: : O

Livestock NN B-NP
and CC I-NP
Meats NNS I-NP

Analysts NNS B-NP
expect VBP B-VP
the DT B-NP
prices NNS I-NP
of IN B-PP
live VB B-NP
cattle NNS I-NP
futures NNS I-NP
contracts NNS I-NP
to TO B-VP
rise VB I-VP
in IN B-PP
trading NN B-NP
today NN B-NP
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
a DT B-NP
government NN I-NP
quarterly JJ I-NP
census NN I-NP
that WDT B-NP
found VBD B-VP
fewer-than-expected JJ B-NP
cattle NNS I-NP
on IN B-PP
feedlots NNS B-NP
. . O

After IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
trading NN B-NP
Friday NNP B-NP
, , O
the DT B-NP
Agriculture NNP I-NP
Department NNP I-NP
reported VBD B-VP
that IN B-SBAR
feedlots NNS B-NP
in IN B-PP
the DT B-NP
13 CD I-NP
biggest JJS I-NP
ranch NN I-NP
states NNS I-NP
held VBN B-VP
8.06 CD B-NP
million CD I-NP
cattle NNS I-NP
on IN B-PP
Oct. NNP B-NP
1 CD I-NP
, , O
down RB B-ADVP
6 CD B-NP
% NN I-NP
from IN B-PP
that DT B-NP
date NN I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Most JJS B-NP
analysts NNS I-NP
had VBD B-VP
expected VBN I-VP
the DT B-NP
government NN I-NP
to TO B-VP
report VB I-VP
a DT B-NP
4 CD I-NP
% NN I-NP
decline NN I-NP
. . O

Feedlots NNS B-NP
fatten VBP B-VP
young JJ B-NP
cattle NNS I-NP
for IN B-PP
slaughter NN B-NP
, , O
so RB O
a DT B-NP
decline NN I-NP
signals VBZ B-VP
a DT B-NP
tightening VBG I-NP
supply NN I-NP
of IN B-PP
beef NN B-NP
. . O

The DT B-NP
government NN I-NP
reported VBD B-VP
that IN B-SBAR
the DT B-NP
number NN I-NP
of IN B-PP
young JJ B-NP
cattle NNS I-NP
placed VBN B-VP
on IN B-PP
feedlots NNS B-NP
during IN B-PP
the DT B-NP
quarter NN I-NP
dropped VBD B-VP
5 NN B-NP
% NN I-NP
compared VBN B-PP
with IN B-PP
the DT B-NP
year-earlier JJ I-NP
quarter NN I-NP
. . O

Many JJ B-NP
industry NN I-NP
analysts NNS I-NP
had VBD B-VP
been VBN I-VP
projecting VBG I-VP
a DT B-NP
3 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
placements NNS B-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
. . O

In IN B-PP
the DT B-NP
1988 CD I-NP
quarter NN I-NP
, , O
many JJ B-NP
farmers NNS I-NP
were VBD B-VP
forced VBN I-VP
to TO I-VP
sell VB I-VP
their PRP$ B-NP
cattle NNS I-NP
to TO B-PP
feedlot NN B-NP
operators NNS I-NP
because IN B-SBAR
the DT B-NP
drought NN I-NP
dried VBD B-VP
out RP B-PRT
the IN B-NP
pasture NN I-NP
on IN B-PP
their PRP$ B-NP
ranches NNS I-NP
. . O

The DT B-NP
number NN I-NP
of IN B-PP
cattle NNS B-NP
moving VBG B-VP
onto IN B-PP
feedlots NNS B-NP
in IN B-PP
the DT B-NP
recent JJ I-NP
quarter NN I-NP
was VBD B-VP
also RB B-ADVP
lower JJR B-ADJP
because IN B-SBAR
fattening VBG B-VP
cattle NNS B-NP
is VBZ B-VP
less RBR B-ADJP
profitable JJ I-ADJP
. . O

A DT B-NP
shortage NN I-NP
of IN B-PP
young JJ B-NP
cattle NNS I-NP
has VBZ B-VP
made VBN I-VP
them PRP B-NP
more RBR B-ADJP
expensive JJ I-ADJP
for IN B-SBAR
feedlot NN B-NP
operators NNS I-NP
to TO B-VP
buy VB I-VP
. . O

The DT B-NP
Agriculture NNP I-NP
Department NNP I-NP
also RB B-ADVP
said VBD B-VP
that IN B-SBAR
the DT B-NP
number NN I-NP
of IN B-PP
fattened VBN B-NP
cattle NNS I-NP
slaughtered VBN B-VP
in IN B-PP
the DT B-NP
quarter NN I-NP
dropped VBN B-VP
by IN B-PP
5 NN B-NP
% NN I-NP
from IN B-PP
the DT B-NP
1988 CD I-NP
quarter NN I-NP
, , O
which WDT B-NP
was VBD B-VP
in IN B-PP
line NN B-NP
with IN B-PP
projections NNS B-NP
by IN B-PP
analysts NNS B-NP
. . O

Energy NNP B-NP

Friday NNP B-NP
's POS B-NP
44-cent-a-barrel JJ I-NP
price NN I-NP
drop NN I-NP
to TO B-PP
$ $ B-NP
19.98 CD I-NP
in IN B-PP
the DT B-NP
expiring VBG I-NP
November NNP I-NP
contract NN I-NP
for IN B-PP
West NNP B-NP
Texas NNP I-NP
Intermediate NNP I-NP
crude NN I-NP
may MD B-VP
well RB I-VP
set VBN I-VP
the DT B-NP
tone NN I-NP
for IN B-PP
trading VBG B-NP
this DT B-NP
week NN I-NP
in IN B-PP
petroleum NN B-NP
futures NNS I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Mercantile NNP I-NP
Exchange NNP I-NP
. . O

Most JJS B-NP
traders NNS I-NP
and CC I-NP
analysts NNS I-NP
attributed VBD B-VP
the DT B-NP
decline NN I-NP
to TO B-PP
technical JJ B-NP
factors NNS I-NP
associated VBN B-VP
with IN B-PP
the DT B-NP
contract NN I-NP
's POS B-NP
going VBG B-VP
off IN B-PP
the DT B-NP
board NN I-NP
. . O

Others NNS B-NP
said VBD B-VP
that IN B-SBAR
the DT B-NP
drop NN I-NP
continued VBD B-VP
the DT B-NP
downward JJ I-NP
correction NN I-NP
that WDT B-NP
's VBZ B-VP
been VBN I-VP
due JJ B-ADJP
in IN B-PP
the DT B-NP
petroleum NN I-NP
pits NNS I-NP
and CC O
that IN B-SBAR
such JJ B-NP
a DT I-NP
trend NN I-NP
could MD B-VP
well RB I-VP
continue VB I-VP
in IN B-PP
the DT B-NP
next JJ I-NP
several JJ I-NP
trading NN I-NP
sessions NNS I-NP
. . O

Barring VBG B-PP
any DT B-NP
petroleum-related JJ I-NP
news NN I-NP
events NNS I-NP
, , O
trading NN B-NP
in IN B-PP
the DT B-NP
days NNS I-NP
ahead RB B-ADVP
should MD B-VP
further VB I-VP
test NN I-VP
recent JJ B-NP
projections NNS I-NP
by IN B-PP
oil NN B-NP
economists NNS I-NP
and CC O
other JJ B-NP
market NN I-NP
watchers NNS I-NP
that IN B-SBAR
strong JJ B-NP
fourth-quarter JJ I-NP
demand NN I-NP
will MD B-VP
keep VB I-VP
prices NNS B-NP
firm NN B-ADJP
. . O

Copper NN B-NP

Copper NN B-NP
prices NNS I-NP
fell VBD B-VP
sharply RB B-ADVP
Friday NNP B-NP
afternoon NN I-NP
. . O

For IN B-PP
example NN B-NP
, , O
copper NN B-NP
for IN B-PP
December NNP B-NP
delivery NN I-NP
settled VBD B-VP
4.5 CD B-NP
cents NNS I-NP
lower JJR B-ADVP
at IN B-PP
$ $ B-NP
1.2345 CD I-NP
a DT B-NP
pound NN I-NP
. . O

Pressure NN B-NP
came VBD B-VP
from IN B-PP
several JJ B-NP
developments NNS I-NP
including VBG B-PP
the DT B-NP
settlement NN I-NP
of IN B-PP
two CD B-NP
long-term JJ I-NP
strikes NNS I-NP
. . O

On IN B-PP
Friday NNP B-NP
, , O
one CD B-NP
analyst NN I-NP
said VBD B-VP
, , O
rank-and-file JJ B-NP
workers NNS I-NP
ratified VBD B-VP
a DT B-NP
new JJ I-NP
labor NN I-NP
agreement NN I-NP
ending VBG B-VP
a DT B-NP
three-month JJ I-NP
strike NN I-NP
at IN B-PP
the DT B-NP
Highland NNP I-NP
Valley NNP I-NP
mine NN I-NP
in IN B-PP
British NNP B-NP
Columbia NNP I-NP
. . O

In IN B-PP
Mexico NNP B-NP
, , O
the DT B-NP
analyst NN I-NP
added VBD B-VP
, , O
employees VBZ B-NP
at IN B-PP
the DT B-NP
Cananea NNP I-NP
mine NN I-NP
, , O
who WP B-NP
have VBP B-VP
been VBN I-VP
out IN B-PP
of IN B-PP
work NN B-NP
since IN B-PP
late JJ B-NP
August NNP I-NP
when WRB B-ADVP
the DT B-NP
mine NN I-NP
was VBD B-VP
declared VBN I-VP
bankrupt JJ B-ADJP
by IN B-PP
the DT B-NP
government NN I-NP
, , O
accepted VBD B-VP
a DT B-NP
35 CD I-NP
% NN I-NP
cut NN I-NP
in IN B-PP
the DT B-NP
3,800-man JJ I-NP
work NN I-NP
force NN I-NP
. . O

The DT B-NP
mine NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
return VB I-VP
to TO B-PP
production NN B-NP
in IN B-PP
about IN B-NP
a DT I-NP
week NN I-NP
. . O

On IN B-PP
Friday NNP B-NP
, , O
selling VBG B-NP
dominated VBN B-VP
the DT B-NP
afternoon NN I-NP
`` `` I-NP
curb VB I-NP
'' '' I-NP
session NN I-NP
in IN B-PP
London NNP B-NP
, , O
which WDT B-NP
takes VBZ B-VP
place NN B-NP
at IN B-PP
noon NN B-NP
EDT NNP I-NP
. . O

The DT B-NP
premium NN I-NP
of IN B-PP
cash NN B-NP
copper NN I-NP
to TO B-PP
the DT B-NP
three-month JJ I-NP
forward JJ I-NP
offerings NNS I-NP
narrowed VBD B-VP
, , O
indicating VBG B-VP
weaker JJR B-NP
demand NN I-NP
for IN B-PP
cash NN B-NP
copper NN I-NP
. . O

Long-term JJ B-NP
support NN I-NP
for IN B-PP
the DT B-NP
December NNP I-NP
contract NN I-NP
was VBD B-VP
believed VBN I-VP
to TO I-VP
be VB I-VP
at IN B-PP
$ $ B-NP
1.25 CD I-NP
a DT B-NP
pound NN I-NP
. . O

A DT B-NP
technical JJ I-NP
analyst NN I-NP
said VBD B-VP
there EX B-NP
were VBD B-VP
a DT B-NP
number NN I-NP
of IN B-PP
stop-loss NN B-NP
orders NNS I-NP
under IN B-PP
that DT B-NP
level NN I-NP
that WDT B-NP
were VBD B-VP
touched VBN I-VP
off IN B-PRT
when WRB B-ADVP
the DT B-NP
contract NN I-NP
's POS B-NP
price NN I-NP
fell VBD B-VP
below IN B-PP
it PRP B-NP
. . O

That DT B-NP
brought VBN B-VP
in IN B-ADVP
considerable JJ B-NP
fund NN I-NP
selling VBG I-NP
, , O
which WDT B-NP
continued VBD B-VP
until IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
trading NN B-NP
. . O

`` `` O
In IN B-PP
general JJ B-NP
, , O
it PRP B-NP
was VBD B-VP
a DT B-NP
bearish JJ I-NP
close NN I-NP
, , O
'' '' O
said VBD B-VP
Ben NNP B-NP
Hanauer NNP I-NP
, , O
a DT B-NP
copper NN I-NP
trader NN I-NP
at IN B-PP
Rudolph NNP B-NP
Wolff NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
a DT B-NP
major JJ I-NP
commodities NNS I-NP
trading NN I-NP
and CC I-NP
brokerage NN I-NP
firm NN I-NP
. . O

But CC O
whether IN B-SBAR
this DT B-NP
price NN I-NP
break NN I-NP
has VBZ B-VP
implications NNS B-NP
for IN B-PP
this DT B-NP
week NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
`` `` O
we PRP B-NP
will MD B-VP
know VB I-VP
more JJR B-NP
when WRB B-ADVP
the DT B-NP
London NNP I-NP
Metal NNP I-NP
Exchange NNP I-NP
copper NN I-NP
stock NN I-NP
levels NNS I-NP
are VBP B-VP
released VBN I-VP
Monday NNP B-NP
morning NN I-NP
. . O
'' '' O

Another DT B-NP
analyst NN I-NP
said VBD B-VP
he PRP B-NP
expected VBD B-VP
LME NNP B-NP
inventories NNS I-NP
to TO B-VP
be VB I-VP
down RB B-ADJP
by IN B-PP
about IN B-NP
15,000 CD I-NP
tons NNS I-NP
when WRB B-ADVP
the DT B-NP
weekly JJ I-NP
report NN I-NP
is VBZ B-VP
issued VBN I-VP
. . O

Bernard NNP B-NP
Savaiko NNP I-NP
, , O
senior JJ B-NP
commodities NNS I-NP
analyst NN I-NP
at IN B-PP
PaineWebber NNP B-NP
Inc. NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
when WRB B-ADVP
traders NNS B-NP
saw VBD B-VP
the DT B-NP
market NN I-NP
was VBD B-VP
n't RB I-VP
reacting VBG I-VP
positively RB B-ADVP
to TO B-PP
the DT B-NP
forecasts NNS I-NP
of IN B-PP
lower JJR B-NP
LME NNP I-NP
stocks NNS I-NP
, , O
they PRP B-NP
perceived VBD B-VP
a DT B-NP
bearish JJ I-NP
sign NN I-NP
. . O

He PRP B-NP
also RB B-ADVP
noted VBD B-VP
that IN B-SBAR
the DT B-NP
Japanese NN I-NP
, , O
who WP B-NP
had VBD B-VP
been VBN I-VP
buying VBG I-VP
at IN B-PP
prices NNS B-NP
just RB B-ADVP
above IN B-PP
the DT B-NP
$ $ I-NP
1.25 CD I-NP
level NN I-NP
, , O
apparently RB B-ADVP
pulled VBD B-VP
back RB B-ADVP
from IN B-PP
the DT B-NP
market NN I-NP
on IN B-PP
Friday NNP B-NP
. . O

Mr. NNP B-NP
Savaiko NNP I-NP
said VBD B-VP
he PRP B-NP
sees VBZ B-VP
a DT B-NP
possibility NN I-NP
of IN B-PP
the DT B-NP
December NNP I-NP
contract NN I-NP
dropping VBG B-VP
to TO B-PP
$ $ B-NP
1.05 CD I-NP
a DT B-NP
pound NN I-NP
. . O

Hewlett-Packard NNP B-NP
Co. NNP I-NP
will MD B-VP
announce VB I-VP
today NN B-NP
a DT B-NP
software NN I-NP
program NN I-NP
that WDT B-NP
allows VBZ B-VP
computers NNS B-NP
in IN B-PP
a DT B-NP
network NN I-NP
to TO B-VP
speed VB I-VP
up IN B-PRT
computing VBG B-NP
tasks NNS I-NP
by IN B-PP
sending VBG B-VP
the DT B-NP
tasks NNS I-NP
to TO B-PP
each DT B-NP
other NN I-NP
. . O

Called VBN B-VP
Task NNP B-NP
Broker NNP I-NP
, , O
the DT B-NP
program NN I-NP
acts NNS B-VP
something NN B-NP
like IN B-PP
an DT B-NP
auctioneer NN I-NP
among IN B-PP
a DT B-NP
group NN I-NP
of IN B-PP
computers NNS B-NP
wired VBN B-VP
together RB B-ADVP
. . O

If IN B-SBAR
a DT B-NP
machine NN I-NP
has VBZ B-VP
a DT B-NP
big JJ I-NP
computing NN I-NP
task NN I-NP
, , O
Task NNP B-NP
Broker NNP I-NP
asks VBZ B-VP
other JJ B-NP
computers NNS I-NP
in IN B-PP
the DT B-NP
network NN I-NP
for IN B-PP
`` `` O
bids NNS B-NP
'' '' O
on IN B-PP
the DT B-NP
job NN I-NP
. . O

It PRP B-NP
then RB B-ADVP
determines VBZ B-VP
which WDT B-NP
machine NN I-NP
is VBZ B-VP
free JJ B-ADJP
to TO B-VP
do VB I-VP
the DT B-NP
task NN I-NP
most RBS B-ADVP
quickly RB I-ADVP
and CC O
sends VBZ B-VP
the DT B-NP
task NN I-NP
to TO B-PP
that DT B-NP
machine NN I-NP
. . O

Hewlett-Packard NNP B-NP
claims NNS B-VP
that IN B-SBAR
the DT B-NP
software NN I-NP
allows VBZ B-VP
a DT B-NP
network NN I-NP
to TO B-VP
run VB I-VP
three CD B-NP
times NNS I-NP
as IN I-NP
many JJ I-NP
tasks NNS I-NP
as IN B-PP
conventional JJ B-NP
networks NNS I-NP
and CC O
will MD B-VP
run VB I-VP
each DT B-NP
task NN I-NP
twice RB B-ADVP
as IN I-ADVP
fast RB I-ADVP
. . O

The DT B-NP
new JJ I-NP
Hewlett-Packard NNP I-NP
program NN I-NP
, , O
said VBD B-VP
analyst NN B-NP
John NNP I-NP
McCarthy NNP I-NP
at IN B-PP
Forrester NNP B-NP
Research NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
computer-market JJ I-NP
research NN I-NP
company NN I-NP
, , O
`` `` O
is VBZ B-VP
a DT B-NP
key JJ I-NP
building NN I-NP
block NN I-NP
as IN B-SBAR
people NNS B-NP
move VBP B-VP
to TO B-PP
this DT B-NP
new JJ I-NP
model NN I-NP
of IN B-PP
distributed VBN B-NP
processing NN I-NP
. . O
'' '' O

In IN B-PP
today NN B-NP
's POS B-NP
computer NN I-NP
networks NNS I-NP
, , O
some DT B-NP
machines NNS I-NP
often RB B-ADVP
sit VBP B-VP
idle JJ B-ADJP
while IN B-SBAR
others NNS B-NP
are VBP B-VP
overtaxed JJ I-VP
. . O

With IN B-PP
the DT B-NP
Hewlett-Packard NNP I-NP
program NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
`` `` O
You PRP B-NP
get VBP B-VP
more JJR B-NP
bang NN I-NP
for IN B-PP
the DT B-NP
buck NN I-NP
you PRP B-NP
've VBP B-VP
spent VBD I-VP
on IN B-PP
computers NNS B-NP
. . O
'' '' O

The DT B-NP
program NN I-NP
, , O
which WDT B-NP
will MD B-VP
be VB I-VP
shipped VBN I-VP
in IN B-PP
January NNP B-NP
1990 CD I-NP
, , O
runs VBZ B-VP
on IN B-PP
the DT B-NP
Unix NNP I-NP
operating VBG I-NP
system NN I-NP
. . O

Hewlett-Packard NNP B-NP
will MD B-VP
charge VB I-VP
$ $ B-NP
5,000 CD I-NP
for IN B-PP
a DT B-NP
license NN I-NP
covering VBG B-VP
10 CD B-NP
users NNS I-NP
. . O

The DT B-NP
program NN I-NP
now RB B-ADVP
works VBZ B-VP
on IN B-PP
all DT B-NP
Hewlett-Packard NNP I-NP
and CC I-NP
Apollo NNP I-NP
workstations NNS I-NP
and CC B-PP
on IN B-PP
computers NNS B-NP
made VBN B-VP
by IN B-PP
Multiflow NNP B-NP
Computer NNP I-NP
Inc. NNP I-NP
of IN B-PP
Branford NNP B-NP
, , O
Conn NNP B-NP
. . O

Hewlett-Packard NNP B-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
sell VB I-VP
versions NNS B-NP
later RB B-NP
next JJ I-NP
year NN I-NP
that WDT B-NP
run VBP B-VP
on IN B-PP
Sun NNP B-NP
Microsystems NNP I-NP
Inc. NNP I-NP
and CC O
Digital NNP B-NP
Equipment NNP I-NP
Corp. NNP I-NP
machines NNS I-NP
. . O

The DT B-NP
Task NNP I-NP
Broker NNP I-NP
differs VBZ B-VP
from IN B-PP
other JJ B-NP
programs NNS I-NP
that WDT B-NP
spread VBP B-VP
computing VBG B-NP
tasks NNS I-NP
around IN B-PP
a DT B-NP
network NN I-NP
. . O

A DT B-NP
previously RB I-NP
available JJ I-NP
program NN I-NP
called VBN B-VP
Network NNP B-NP
Computing VBG I-NP
System NNP I-NP
, , O
developed VBN B-VP
by IN B-PP
Hewlett-Packard NNP B-NP
's POS B-NP
Apollo NNP I-NP
division NN I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
takes VBZ B-VP
a DT B-NP
task NN I-NP
and CC O
splits NNS B-VP
it PRP B-NP
up IN B-PRT
into IN B-PP
parts NNS B-NP
, , O
divvying VBG B-VP
up IN B-PRT
those DT B-NP
parts NNS I-NP
to TO B-PP
several JJ B-NP
computers NNS I-NP
in IN B-PP
a DT B-NP
network NN I-NP
for IN B-PP
simultaneous JJ B-NP
processing NN I-NP
. . O

But CC O
programs NNS B-NP
in IN B-PP
individual JJ B-NP
computers NNS I-NP
must MD B-VP
be VB I-VP
revised VBN I-VP
in IN B-SBAR
order NN O
to TO B-VP
work VB I-VP
with IN B-PP
that DT B-NP
system NN I-NP
. . O

Applications NNS B-NP
wo MD B-VP
n't RB I-VP
have VB I-VP
to TO I-VP
be VB I-VP
rewritten VBN I-VP
to TO B-VP
work VB I-VP
with IN B-PP
Task NNP B-NP
Broker NNP I-NP
, , O
Hewlett-Packard NNP B-NP
said VBD B-VP
, , O
and CC O
the DT B-NP
user NN I-NP
of IN B-PP
a DT B-NP
computer NN I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
tell VB I-VP
that IN B-SBAR
another DT B-NP
machine NN I-NP
is VBZ B-VP
doing VBG I-VP
the DT B-NP
work NN I-NP
. . O

The DT B-NP
Task NNP I-NP
Broker NNP I-NP
`` `` O
turns VBZ B-VP
that DT B-NP
network NN I-NP
into IN B-PP
-- : O
as RB B-ADJP
far RB I-ADJP
as IN B-SBAR
the DT B-NP
user NN I-NP
is VBZ B-VP
concerned VBN I-VP
-- : O
one CD B-NP
giant NN I-NP
computer NN I-NP
, , O
'' '' O
said VBD B-VP
Bill NNP B-NP
Kay NNP I-NP
, , O
general JJ B-NP
manager NN I-NP
of IN B-PP
Hewlett-Packard NNP B-NP
's POS B-NP
workstation NN I-NP
group NN I-NP
. . O

Price NN B-NP
wars NNS I-NP
between IN B-PP
the DT B-NP
fast-food NN I-NP
giants NNS I-NP
are VBP B-VP
starting VBG I-VP
to TO I-VP
clobber VB I-VP
the DT B-NP
fast-food NN I-NP
little JJ I-NP
guys NNS I-NP
: : O
the DT B-NP
franchisees NNS I-NP
. . O

`` `` O
When WRB B-ADVP
elephants NNS B-NP
start VBP B-VP
fighting VBG I-VP
, , O
ants NNS B-NP
get VBP B-VP
killed VBN I-VP
, , O
'' '' O
says VBZ B-VP
Murray NNP B-NP
Riese NNP I-NP
, , O
co-owner NN B-NP
of IN B-PP
National NNP B-NP
Restaurants NNP I-NP
, , O
a DT B-NP
New NNP I-NP
York NNP I-NP
franchisee NN I-NP
for IN B-PP
Pizza NNP B-NP
Hut NNP I-NP
, , O
Roy NNP B-NP
Rogers NNP I-NP
and CC O
other JJ B-NP
chains NNS I-NP
. . O

As IN B-SBAR
hamburger NN B-NP
and CC I-NP
pizza NN I-NP
outlets NNS I-NP
saturate VB B-VP
one CD B-NP
area NN I-NP
after IN B-PP
another DT B-NP
, , O
franchisers NNS B-NP
are VBP B-VP
struggling VBG I-VP
desperately RB B-ADVP
for IN B-PP
market NN B-NP
share NN I-NP
, , O
slashing VBG B-VP
prices NNS B-NP
and CC O
stepping VBG B-VP
up IN B-PRT
costly JJ B-NP
promotions NNS I-NP
. . O

The DT B-NP
fight NN I-NP
is VBZ B-VP
putting VBG I-VP
a DT B-NP
tight JJ I-NP
squeeze NN I-NP
on IN B-PP
profits NNS B-NP
of IN B-PP
many JJ B-NP
, , O
threatening VBG B-VP
to TO I-VP
drive VB I-VP
the DT B-NP
smallest JJS I-NP
ones NNS I-NP
out IN B-PP
of IN B-PP
business NN B-NP
and CC O
straining VBG B-VP
relations NNS B-NP
between IN B-PP
the DT B-NP
national JJ I-NP
fast-food NN I-NP
chains NNS I-NP
and CC O
their PRP$ B-NP
franchisees NNS I-NP
. . O

The DT B-NP
chains NNS I-NP
`` `` O
used VBN B-VP
to TO I-VP
offer VB I-VP
discounts NNS B-NP
during IN B-PP
winter NN B-NP
when WRB B-ADVP
business NN B-NP
was VBD B-VP
slow JJ B-ADJP
, , O
but CC O
in IN B-PP
the DT B-NP
last JJ I-NP
year NN I-NP
or CC I-NP
so RB I-NP
, , O
discounting NN B-NP
has VBZ B-VP
become VBN I-VP
a DT B-NP
12-month JJ I-NP
thing NN I-NP
, , O
'' '' O
says VBZ B-VP
Donald NNP B-NP
Harty NNP I-NP
, , O
president NN B-NP
of IN B-PP
Charisma NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
New NNP I-NP
York NNP I-NP
franchisee NN I-NP
of IN B-PP
Grand NNP B-NP
Metropolitan NNP I-NP
PLC NNP I-NP
's POS B-NP
Burger NNP I-NP
King NNP I-NP
chain NN I-NP
. . O

Though IN O
Charisma NNP B-NP
's POS B-NP
sales NNS I-NP
are VBP B-VP
up IN B-ADVP
slightly RB I-ADVP
this DT B-NP
year NN I-NP
, , O
Mr. NNP B-NP
Harty NNP I-NP
says VBZ B-VP
profits NNS B-NP
will MD B-VP
be VB I-VP
flat JJ B-ADJP
or CC I-ADJP
lower JJR I-ADJP
. . O

And CC O
Bill NNP B-NP
Konopnicki NNP I-NP
, , O
a DT B-NP
Safford NNP I-NP
, , I-NP
Ariz. NNP I-NP
, , I-NP
licensee NN I-NP
of IN B-PP
McDonald NNP B-NP
's POS B-NP
Corp. NNP I-NP
who WP B-NP
is VBZ B-VP
chairman NN B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
National NNP I-NP
Operators NNP I-NP
Advisory NNP I-NP
Board NNP I-NP
, , O
says VBZ B-VP
some DT B-NP
fast-food NN I-NP
outlets NNS I-NP
`` `` O
could MD B-VP
be VB I-VP
in IN B-PP
serious JJ B-NP
trouble NN I-NP
, , O
based VBN B-PP
on IN B-PP
the DT B-NP
amount NN I-NP
of IN B-PP
discounting NN B-NP
that WDT B-NP
seems VBZ B-VP
to TO I-VP
be VB I-VP
going VBG I-VP
on IN B-PRT
. . O
'' '' O

Until IN B-PP
recently RB B-NP
, , O
the DT B-NP
huge JJ I-NP
fast-food NN I-NP
industry NN I-NP
, , O
with IN B-PP
sales NNS B-NP
of IN B-PP
about RB B-NP
$ $ I-NP
60.1 CD I-NP
billion CD I-NP
last JJ B-NP
year NN I-NP
, , O
kept VBD B-VP
price-skirmishing JJ B-NP
to TO B-PP
a DT B-NP
minimum NN I-NP
. . O

But CC O
early JJ B-NP
this DT I-NP
year NN I-NP
, , O
PepsiCo NNP B-NP
Inc. NNP I-NP
's POS B-NP
Taco NNP I-NP
Bell NNP I-NP
unit NN I-NP
and CC O
Wendy NNP B-NP
's POS B-NP
International NNP I-NP
Inc. NNP I-NP
slashed VBD B-VP
prices NNS B-NP
and CC O
stepped VBD B-VP
up IN B-PRT
promotions NNS B-NP
, , O
says VBZ B-VP
John NNP B-NP
Rohs NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
for IN B-PP
Wertheim NNP B-NP
Schroder NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

That DT B-NP
brought VBN B-VP
a DT B-NP
chain NN I-NP
reaction NN I-NP
in IN B-PP
the DT B-NP
industry NN I-NP
. . O

The DT B-NP
situation NN I-NP
was VBD B-VP
further RB I-VP
aggravated VBN I-VP
early JJ B-NP
this DT I-NP
month NN I-NP
, , O
when WRB B-ADVP
McDonald NNP B-NP
's POS B-NP
set VBN B-VP
plans NNS B-NP
to TO B-VP
heat VB I-VP
up IN B-PRT
the DT B-NP
discounting NN I-NP
by IN B-PP
offering NN B-VP
coupons NNS B-NP
. . O

It PRP B-NP
also RB B-ADVP
decided VBD B-VP
to TO I-VP
go VB I-VP
national JJ B-ADJP
with IN B-PP
pizza NN B-NP
, , O
which WDT B-NP
it PRP B-NP
has VBZ B-VP
been VBN I-VP
test-marketing VBG I-VP
. . O

Now RB B-INTJ
, , O
two-for-one JJ B-NP
deals NNS I-NP
on IN B-PP
pizza NN B-NP
are VBP B-VP
common JJ B-ADJP
; : O
so RB O
are VBP B-VP
99-cent JJ B-NP
specials NNS I-NP
on IN B-PP
sandwiches NNS B-NP
normally RB B-VP
priced VBN I-VP
twice RB B-ADVP
as IN I-ADVP
high NN I-ADVP
. . O

The DT B-NP
discounting NN I-NP
, , O
say VBP B-VP
fast-food NN B-NP
operators NNS I-NP
, , O
occurs VBZ B-VP
on IN B-PP
a DT B-NP
scale NN I-NP
and CC B-PP
with IN B-PP
a DT B-NP
frequency NN I-NP
they PRP B-NP
have VBP B-VP
n't RB I-VP
seen VBN I-VP
before RB B-ADVP
. . O

The DT B-NP
result NN I-NP
is VBZ B-VP
that IN B-SBAR
some DT B-NP
franchisees NNS I-NP
are VBP B-VP
running VBG I-VP
hard JJ B-ADVP
just RB B-ADVP
to TO B-VP
stay VB I-VP
even RB B-ADVP
, , O
laying VBG B-VP
off IN B-PRT
middle NN B-NP
managers NNS I-NP
and CC O
working VBG B-VP
harder JJR B-ADVP
to TO B-VP
make VB I-VP
less JJR B-NP
. . O

Joe NNP B-NP
Mack NNP I-NP
, , O
a DT B-NP
district NN I-NP
manager NN I-NP
for IN B-PP
Cormack NNP B-NP
Enterprises NNPS I-NP
Inc. NNP I-NP
, , O
a DT B-NP
Burger NNP I-NP
King NNP I-NP
operator NN I-NP
in IN B-PP
Omaha NNP B-NP
, , O
Neb. NNP B-NP
, , O
says VBZ B-VP
discounting NN B-NP
is VBZ B-VP
so RB B-ADJP
prevalent JJ I-ADJP
that IN B-SBAR
`` `` O
we PRP B-NP
have VBP B-VP
to TO I-VP
serve VB I-VP
15 CD B-NP
% NN I-NP
to TO I-NP
20 CD I-NP
% NN I-NP
more JJR B-NP
customers NNS I-NP
'' '' O
to TO B-VP
keep VB I-VP
sales NNS B-NP
level VB B-ADJP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
almost RB B-ADVP
as IN B-SBAR
if IN I-SBAR
you PRP B-NP
're VBP B-VP
doing VBG I-VP
extra JJ B-NP
work NN I-NP
to TO B-VP
give VB I-VP
away RB B-PRT
the DT B-NP
food NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Alan NNP B-NP
D'Agosto NNP I-NP
, , O
president NN B-NP
of IN B-PP
Panda NNP B-NP
's POS B-NP
Inc. NNP I-NP
, , O
an DT B-NP
operator NN I-NP
of IN B-PP
Arby NNP B-NP
's POS B-NP
restaurants NNS I-NP
in IN B-PP
Omaha NNP B-NP
, , O
says VBZ B-VP
: : O
`` `` O
All DT B-NP
we PRP B-NP
're VBP B-VP
doing VBG I-VP
is VBZ B-VP
keeping VBG B-VP
the DT B-NP
customers NNS I-NP
coming VBG B-VP
, , O
but CC O
we PRP B-NP
are VBP B-VP
n't RB I-VP
increasing VBG I-VP
sales NNS B-NP
. . O
'' '' O

With IN B-SBAR
fast-food NN B-NP
outlets NNS I-NP
on IN B-PP
every DT B-NP
corner NN I-NP
, , O
he PRP B-NP
, , O
like IN B-PP
many JJ B-NP
, , O
does VBZ B-VP
n't RB I-VP
think VB I-VP
he PRP B-NP
has VBZ B-VP
a DT B-NP
choice NN I-NP
in IN B-PP
the DT B-NP
price NN I-NP
war NN I-NP
: : O
`` `` O
Our PRP$ B-NP
customers NNS I-NP
say VBP B-VP
that IN B-SBAR
they PRP B-NP
wo MD B-VP
n't RB I-VP
go VB I-VP
into IN B-PP
a DT B-NP
fast-food NN I-NP
store NN I-NP
unless IN B-SBAR
they PRP B-NP
get VBP B-VP
a DT B-NP
coupon NN I-NP
. . O
'' '' O

If IN B-SBAR
the DT B-NP
battle NN I-NP
continues VBZ B-VP
much JJ B-ADVP
longer RB I-ADVP
, , O
many JJ B-NP
fast-food NN I-NP
businesses NNS I-NP
will MD B-VP
close VB I-VP
or CC I-VP
merge VB I-VP
, , O
predicts VBZ B-VP
Vincent NNP B-NP
Morrissey NNP I-NP
, , O
who WP B-NP
owns VBZ B-VP
a DT B-NP
string NN I-NP
of IN B-PP
Kentucky NNP B-NP
Fried NNP I-NP
Chicken NNP I-NP
stores NNS I-NP
in IN B-PP
the DT B-NP
Midwest NNP I-NP
. . O

`` `` O
The DT B-NP
industry NN I-NP
is VBZ B-VP
overbuilt JJ B-ADJP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
Fast-food NN B-NP
franchisers NNS I-NP
have VBP B-VP
managed VBN I-VP
to TO I-VP
squeeze VB I-VP
in IN B-ADVP
stores NNS B-NP
into IN B-PP
every DT B-NP
corner NN I-NP
available JJ B-ADJP
. . O
'' '' O

The DT B-NP
National NNP I-NP
Restaurant NNP I-NP
Association NNP I-NP
says VBZ B-VP
quick-service JJ B-NP
restaurant NN I-NP
units NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
rose VBD B-VP
14 CD B-NP
% NN I-NP
to TO B-PP
131,146 CD B-NP
between IN B-PP
1983 CD B-NP
and CC O
1987 CD B-NP
, , O
the DT B-NP
last JJ I-NP
year NN I-NP
for IN B-PP
which WDT B-NP
figures NNS B-NP
are VBP B-VP
available JJ B-ADJP
. . O

With IN B-SBAR
the DT B-NP
market NN I-NP
so RB B-ADJP
crowded VBD I-ADJP
, , O
says VBZ B-VP
a DT B-NP
spokesman NN I-NP
for IN B-PP
Wendy NNP B-NP
's POS I-NP
in IN B-PP
Columbus NNP B-NP
, , O
Ohio NNP B-NP
, , O
`` `` O
If IN B-SBAR
you PRP B-NP
're VBP B-VP
doing VBG I-VP
well RB B-ADVP
, , O
you PRP B-NP
're VBP B-VP
doing VBG I-VP
well RB B-ADVP
at IN B-PP
someone NN B-NP
else RB B-ADJP
's POS B-NP
expense NN I-NP
. . O
'' '' O

Simply RB B-VP
put VB I-VP
, , O
there EX B-NP
is VBZ B-VP
n't RB O
enough JJ B-NP
business NN I-NP
for IN B-SBAR
every DT B-NP
store NN I-NP
to TO B-VP
grow VB I-VP
. . O

According VBG B-PP
to TO B-PP
Mr. NNP B-NP
Rohs NNP I-NP
, , O
inflation-adjusted JJ B-NP
, , I-NP
same-store JJ I-NP
sales NNS I-NP
at IN B-PP
company-owned JJ B-NP
Wendy NNP I-NP
's POS B-NP
units NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
have VBP B-VP
trailed VBN I-VP
year-earlier JJ B-NP
levels NNS I-NP
throughout IN B-PP
1989 CD B-NP
, , O
except IN B-PP
for IN B-PP
August NNP B-NP
. . O

`` `` O
McDonald NNP B-NP
's POS B-NP
has VBZ B-VP
also RB I-VP
been VBN I-VP
running VBG I-VP
negative JJ B-ADJP
all DT B-NP
year NN I-NP
, , O
'' '' O
the DT B-NP
analyst NN I-NP
says NNS B-VP
. . O

Spokesmen NNS B-NP
for IN B-PP
Wendy NNP B-NP
's POS B-NP
and CC O
McDonald NNP B-NP
's POS B-NP
criticized VBN B-VP
Mr. NNP B-NP
Rohs NNP I-NP
's POS B-NP
calculations NNS I-NP
. . O

Jack NNP B-NP
Greenberg NNP I-NP
, , O
executive JJ B-NP
vice NN I-NP
president NN I-NP
and CC O
chief JJ B-NP
financial JJ I-NP
officer NN I-NP
of IN B-PP
McDonald NNP B-NP
's POS B-NP
, , O
says VBZ B-VP
the DT B-NP
company NN I-NP
does VBZ B-VP
n't RB I-VP
compute VB I-VP
, , I-VP
much RB I-VP
less JJR I-VP
disclose VB I-VP
, , O
inflation-adjusted JJ B-NP
, , I-NP
same-store JJ I-NP
sales NNS I-NP
. . O

He PRP B-NP
adds VBZ B-VP
that IN B-SBAR
short-term JJ B-NP
comparisons NNS I-NP
`` `` O
can MD B-VP
be VB I-VP
very RB B-ADJP
misleading JJ I-ADJP
because IN B-PP
of IN I-PP
differences NNS B-NP
in IN B-PP
timing NN B-NP
of IN B-PP
marketing NN B-NP
programs NNS I-NP
from IN B-PP
year NN B-NP
to TO B-PP
year NN B-NP
. . O
'' '' O

Profit NN B-NP
margins NNS I-NP
at IN B-PP
company-owned JJ B-NP
McDonald NNP I-NP
's POS B-NP
outlets NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
`` `` O
are VBP B-VP
holding VBG I-VP
up IN B-PRT
quite RB B-ADVP
nicely RB I-ADVP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Greenberg NNP I-NP
. . O

Profits NNS B-NP
of IN B-PP
franchisees NNS B-NP
have VBP B-VP
n't RB I-VP
been VBN I-VP
higher JJR B-ADJP
since IN B-PP
the DT B-NP
mid-1970s NNS I-NP
, , O
he PRP B-NP
adds VBZ B-VP
. . O

But CC O
Mr. NNP B-NP
Greenberg NNP I-NP
's POS B-NP
sanguine JJ I-NP
outlook NN I-NP
is VBZ B-VP
n't RB I-VP
matched VBN I-VP
by IN B-PP
many JJ B-NP
fast-food NN I-NP
industry NN I-NP
observers NNS I-NP
. . O

Smaller JJR B-NP
chains NNS I-NP
and CC O
single-store JJ B-NP
operators NNS I-NP
will MD B-VP
be VB I-VP
the DT B-NP
first JJ I-NP
to TO B-VP
fail VB I-VP
, , O
many JJ B-NP
in IN B-PP
the DT B-NP
industry NN I-NP
predict VBP B-VP
. . O

Big JJ B-NP
franchise NN I-NP
groups NNS I-NP
`` `` O
can MD B-VP
ride VB I-VP
out RP B-ADVP
the IN B-NP
storm NN I-NP
a DT B-NP
lot NN I-NP
longer RB B-ADVP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Harty NNP I-NP
, , O
the DT B-NP
Burger NNP I-NP
King NNP I-NP
operator NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

The DT B-NP
prolonged VBN I-NP
price NN I-NP
pressures NNS I-NP
are VBP B-VP
driving VBG I-VP
a DT B-NP
wedge NN I-NP
between IN B-PP
some DT B-NP
franchisers NNS I-NP
and CC O
their PRP$ B-NP
franchisees NNS I-NP
. . O

Mr. NNP B-NP
Morrissey NNP I-NP
, , O
the DT B-NP
Kentucky NNP I-NP
Fried NNP I-NP
Chicken NNP I-NP
franchisee NN I-NP
, , O
notes VBZ B-VP
that IN B-SBAR
most RBS B-NP
franchise NN I-NP
owners NNS I-NP
must MD B-VP
absorb VB I-VP
increases NNS B-NP
in IN B-PP
expenses NNS B-NP
without IN B-PP
any DT B-NP
cut NN I-NP
in IN B-PP
the DT B-NP
royalties NNS I-NP
, , O
or CC O
portion NN B-NP
of IN B-PP
sales NNS B-NP
, , O
that IN B-NP
they PRP B-NP
must MD B-VP
pay VB I-VP
franchisers NNS B-NP
. . O

Franchisees NNS B-NP
ca MD B-VP
n't RB I-VP
be VB I-VP
forced VBN I-VP
to TO I-VP
go VB I-VP
along IN B-PRT
with IN B-PP
a DT B-NP
franchiser NN I-NP
's POS B-NP
discounting NN I-NP
. . O

But CC O
once RB O
a DT B-NP
franchisee NN I-NP
agrees VBZ B-VP
to TO B-PP
a DT B-NP
promotional JJ I-NP
program NN I-NP
, , O
the DT B-NP
franchiser NN I-NP
can MD B-VP
demand VB I-VP
full JJ B-NP
participation NN I-NP
to TO B-PP
the DT B-NP
very JJ I-NP
end NN I-NP
, , O
says VBZ B-VP
Lew NNP B-NP
Rudnick NNP I-NP
, , O
a DT B-NP
principal NN I-NP
of IN B-PP
Rudnick NNP B-NP
& CC I-NP
Wolfe NNP I-NP
, , O
a DT B-NP
Chicago NNP I-NP
law NN I-NP
firm NN I-NP
with IN B-PP
franchise NN B-NP
industry NN I-NP
clients NNS I-NP
. . O

He PRP B-NP
says VBZ B-VP
courts NNS B-NP
have VBP B-VP
held VBN I-VP
that IN B-SBAR
antitrust JJ B-NP
considerations NNS I-NP
are VBP B-VP
outweighed VBN I-VP
in IN B-PP
such JJ B-NP
cases NNS I-NP
by IN B-PP
the DT B-NP
need NN I-NP
to TO B-VP
protect VB I-VP
consumers NNS B-NP
from IN B-PP
deceptive JJ B-NP
marketing NN I-NP
. . O

In IN B-PP
any DT B-NP
case NN I-NP
, , O
many JJ B-NP
franchisees NNS I-NP
, , O
in IN B-SBAR
order NN O
to TO B-VP
stay VB I-VP
on IN B-PP
good JJ B-NP
terms NNS I-NP
with IN B-PP
franchisers NNS B-NP
, , O
routinely RB B-ADVP
go VB B-VP
along IN B-PRT
with IN B-PP
promotions NNS B-NP
. . O

Says VBZ B-VP
Mr. NNP B-NP
Riese NNP I-NP
of IN B-PP
National NNP B-NP
Restaurants NNP I-NP
: : O
`` `` O
If IN B-SBAR
you PRP B-NP
resisted VBD B-VP
on IN B-PP
prices NNS B-NP
, , O
maybe RB B-ADVP
you PRP B-NP
would MD B-VP
never RB I-VP
get VB I-VP
that WDT B-NP
telephone NN I-NP
call NN I-NP
about IN B-PP
a DT B-NP
new JJ I-NP
franchise NN I-NP
. . O

Companies NNS B-NP
listed VBN B-VP
below IN B-PP
reported VBN B-VP
quarterly JJ B-NP
profit NN I-NP
substantially RB B-ADJP
different JJ I-ADJP
from IN B-PP
the DT B-NP
average NN I-NP
of IN B-PP
analysts NNS B-NP
' POS B-NP
estimates NNS I-NP
. . O

The DT B-NP
companies NNS I-NP
are VBP B-VP
followed VBN I-VP
by IN B-PP
at IN B-NP
least JJS I-NP
three CD I-NP
analysts NNS I-NP
, , O
and CC O
had VBD B-VP
a DT B-NP
minimum JJ I-NP
five-cent JJ I-NP
change NN I-NP
in IN B-PP
actual JJ B-NP
earnings NNS I-NP
per IN B-PP
share NN B-NP
. . O

Estimated VBN B-NP
and CC I-NP
actual JJ I-NP
results NNS I-NP
involving VBG B-VP
losses NNS B-NP
are VBP B-VP
omitted VBN I-VP
. . O

The DT B-NP
percent NN I-NP
difference NN I-NP
compares VBZ B-VP
actual JJ B-NP
profit NN I-NP
with IN B-PP
the DT B-NP
30-day JJ I-NP
estimate NN I-NP
where WRB B-ADVP
at IN B-NP
least JJS I-NP
three CD I-NP
analysts NNS I-NP
have VBP B-VP
issues NNS I-VP
forecasts NNS B-NP
in IN B-PP
the DT B-NP
past JJ I-NP
30 CD I-NP
days NNS I-NP
. . O

Otherwise RB B-ADVP
, , O
actual JJ B-NP
profit NN I-NP
is VBZ B-VP
compared VBN I-VP
with IN B-PP
the DT B-NP
300-day JJ I-NP
estimate NN I-NP
. . O

Companies NNS B-NP
listed VBN B-VP
below IN B-PP
reported VBN B-VP
quarterly JJ B-NP
profit NN I-NP
substantially RB B-ADJP
different JJ I-ADJP
from IN B-PP
the DT B-NP
average NN I-NP
of IN B-PP
analysts NNS B-NP
' POS B-NP
estimates NNS I-NP
. . O

The DT B-NP
companies NNS I-NP
are VBP B-VP
followed VBN I-VP
by IN B-PP
at IN B-NP
least JJS I-NP
three CD I-NP
analysts NNS I-NP
, , O
and CC O
had VBD B-VP
a DT B-NP
minimum JJ I-NP
five-cent JJ I-NP
change NN I-NP
in IN B-PP
actual JJ B-NP
earnings NNS I-NP
per IN B-PP
share NN B-NP
. . O

Estimated VBN B-NP
and CC I-NP
actual JJ I-NP
results NNS I-NP
involving VBG B-VP
losses NNS B-NP
are VBP B-VP
omitted VBN I-VP
. . O

The DT B-NP
percent NN I-NP
difference NN I-NP
compares VBZ B-VP
actual JJ B-NP
profit NN I-NP
with IN B-PP
the DT B-NP
30-day JJ I-NP
estimate NN I-NP
where WRB B-ADVP
at IN B-NP
least JJS I-NP
three CD I-NP
analysts NNS I-NP
have VBP B-VP
issues NNS I-VP
forecasts NNS B-NP
in IN B-PP
the DT B-NP
past JJ I-NP
30 CD I-NP
days NNS I-NP
. . O

Otherwise RB B-ADVP
, , O
actual JJ B-NP
profit NN I-NP
is VBZ B-VP
compared VBN I-VP
with IN B-PP
the DT B-NP
300-day JJ I-NP
estimate NN I-NP
. . O

CalMat NNP B-NP
Co. NNP I-NP
said VBD B-VP
it PRP B-NP
completed VBD B-VP
a DT B-NP
$ $ I-NP
32.8 CD I-NP
million CD I-NP
sale NN I-NP
of IN B-PP
assets NNS B-NP
from IN B-PP
its PRP$ B-NP
Los NNP I-NP
Angeles NNP I-NP
area NN I-NP
real JJ I-NP
estate NN I-NP
portfolio NN I-NP
for IN B-PP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
12 CD I-NP
million CD I-NP
. . O

CalMat NNP B-NP
said VBD B-VP
the DT B-NP
sale NN I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
its PRP$ B-NP
previously RB I-NP
announced VBD I-NP
plan NN I-NP
to TO B-VP
sell VB I-VP
much NN B-NP
of IN B-PP
its PRP$ B-NP
real JJ I-NP
estate NN I-NP
holdings NNS I-NP
to TO B-VP
focus VB I-VP
on IN B-PP
its PRP$ B-NP
core NN I-NP
business NN I-NP
of IN B-PP
mining NN B-VP
and CC I-VP
producing VBG I-VP
asphalt NN B-NP
, , I-NP
concrete JJ I-NP
, , I-NP
rock NN I-NP
and CC I-NP
sand NN I-NP
. . O

And CC O
you PRP B-NP
thought VBD B-VP
the DT B-NP
only JJ I-NP
reason NN I-NP
to TO B-VP
save VB I-VP
your PRP$ B-NP
canceled VBN I-NP
checks NNS I-NP
was VBD B-VP
to TO B-VP
prepare VB I-VP
for IN B-PP
an DT B-NP
IRS NNP I-NP
audit NN I-NP
. . O

Reggie NNP B-NP
Jackson NNP I-NP
, , O
the DT B-NP
retired VBN I-NP
baseball NN I-NP
star NN I-NP
, , O
has VBZ B-VP
found VBN I-VP
another DT B-NP
use NN I-NP
for IN B-PP
them PRP B-NP
. . O

Mr. NNP B-NP
Jackson NNP I-NP
, , O
who WP B-NP
won VBD B-VP
the DT B-NP
nickname NN I-NP
`` `` O
Mr. NNP B-NP
October NNP I-NP
'' '' O
for IN B-PP
his PRP$ B-NP
World NNP I-NP
Series NNP I-NP
exploits NNS I-NP
, , O
is VBZ B-VP
selling VBG I-VP
some DT B-NP
of IN B-PP
his PRP$ B-NP
canceled VBN I-NP
checks NNS I-NP
to TO B-PP
autograph VB B-NP
collectors NNS I-NP
through IN B-PP
a DT B-NP
dealer NN I-NP
for IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
$ $ I-NP
500 CD I-NP
each DT I-NP
. . O

Dealers NNS B-NP
say VBP B-VP
the DT B-NP
budding VBG I-NP
trade NN I-NP
in IN B-PP
Mr. NNP B-NP
Jackson NNP I-NP
's POS B-NP
canceled VBN I-NP
checks NNS I-NP
is VBZ B-VP
unusual JJ B-ADJP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
of IN B-PP
any DT B-NP
living VBG I-NP
ballplayer NN I-NP
that WDT B-NP
's VBZ B-VP
ever RB I-VP
done VBN I-VP
it PRP B-NP
, , O
'' '' O
says VBZ B-VP
Jack NNP B-NP
Smalling NNP I-NP
, , O
a DT B-NP
dealer NN I-NP
in IN B-PP
Ames NNP B-NP
, , O
Iowa NNP B-NP
, , O
and CC O
a DT B-NP
recognized VBN I-NP
expert NN I-NP
in IN B-PP
the DT B-NP
field NN I-NP
of IN B-PP
baseball NN B-NP
autographs NNS I-NP
. . O

An DT B-NP
initial JJ I-NP
batch NN I-NP
of IN B-PP
Mr. NNP B-NP
Jackson NNP I-NP
's POS B-NP
checks NNS I-NP
was VBD B-VP
on IN B-PP
sale NN B-NP
at IN B-PP
a DT B-NP
baseball-card JJ I-NP
show NN I-NP
held VBN B-VP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
over IN B-PP
Labor NNP B-NP
Day NNP I-NP
weekend NN I-NP
. . O

Mr. NNP B-NP
Jackson NNP I-NP
showed VBD B-VP
up IN B-PRT
at IN B-PP
the DT B-NP
affair NN I-NP
to TO B-VP
sign VB I-VP
autographs NNS B-NP
for IN B-PP
a DT B-NP
fee NN I-NP
as IN B-ADVP
well RB I-ADVP
. . O

`` `` O
For IN B-PP
someone NN B-NP
who WP B-NP
has VBZ B-VP
everything NN B-NP
else RB B-ADJP
-- : O
Reggie NNP B-NP
's POS B-NP
jersey NN I-NP
, , I-NP
cap NN I-NP
and CC I-NP
cards NNS I-NP
-- : O
his PRP$ B-NP
checks NNS I-NP
might MD B-VP
be VB I-VP
a DT B-NP
nice JJ I-NP
addition NN I-NP
, , O
'' '' O
says VBZ B-VP
William NNP B-NP
Vizas NNP I-NP
, , O
owner NN B-NP
of IN B-PP
Bill NNP B-NP
's POS B-NP
Sports NNPS I-NP
Collectibles NNS I-NP
in IN B-PP
Denver NNP B-NP
, , O
who WP B-NP
examined VBD B-VP
the DT B-NP
checks NNS I-NP
at IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
card NN I-NP
show NN I-NP
. . O

For IN B-PP
years NNS B-NP
, , O
the DT B-NP
canceled VBN I-NP
checks NNS I-NP
of IN B-PP
a DT B-NP
small JJ I-NP
number NN I-NP
of IN B-PP
well-known JJ B-NP
baseball NN I-NP
players NNS I-NP
have VBP B-VP
been VBN I-VP
bought VBN I-VP
and CC I-VP
sold VBN I-VP
. . O

But CC O
these DT B-NP
players NNS I-NP
were VBD B-VP
dead JJ B-ADJP
. . O

`` `` O
Maybe RB B-ADVP
three CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
there EX B-NP
were VBD B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
-LCB- ( O
Ty NNP O
-RCB- ) O
Cobbs NNS B-NP
in IN B-PP
the DT B-NP
hobby NN I-NP
, , O
and CC O
awhile RB B-ADVP
back RB I-ADVP
there EX B-NP
were VBD B-VP
Babe NNP B-NP
Ruth NNP I-NP
checks NNS I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Smalling NNP I-NP
. . O

However RB B-ADVP
, , O
the DT B-NP
thought NN I-NP
of IN B-PP
a DT B-NP
living VBG I-NP
player NN I-NP
selling VBG B-VP
his PRP$ B-NP
checks NNS I-NP
rubs VBZ B-VP
some DT B-NP
people NNS I-NP
the DT B-NP
wrong JJ I-NP
way NN I-NP
. . O

`` `` O
Maybe RB B-ADVP
I PRP B-NP
'm VBP B-VP
a DT B-NP
little JJ I-NP
stuffy JJ B-ADJP
, , O
but CC O
I PRP B-NP
would MD B-VP
n't RB I-VP
sell VB I-VP
them PRP B-NP
, , O
'' '' O
sniffs VBZ B-VP
Bob NNP B-NP
Machon NNP I-NP
, , O
owner NN B-NP
of IN B-PP
Papa NNP B-NP
's POS B-NP
Sports NNP I-NP
Cards NNP I-NP
in IN B-PP
Menlo NNP B-NP
Park NNP I-NP
, , O
Calif NNP B-NP
. . O

`` `` O
Who WP B-NP
knows VBZ B-VP
how WRB B-NP
much JJ I-NP
they PRP B-NP
'll MD B-VP
be VB I-VP
worth JJ B-ADJP
100 CD B-NP
years NNS I-NP
from IN B-PP
now RB B-NP
? . O
'' '' O

And CC O
Mr. NNP B-NP
Smalling NNP I-NP
does VBZ B-VP
n't RB I-VP
believe VB I-VP
they PRP B-NP
're VBP B-VP
worth JJ B-ADJP
all DT B-NP
that NN I-NP
much JJ I-NP
now RB B-ADVP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
the DT B-NP
checks NNS I-NP
are VBP B-VP
worth JJ B-ADJP
$ $ B-NP
15 CD I-NP
apiece RB B-ADVP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Why WRB B-ADVP
Mr. NNP B-NP
Jackson NNP I-NP
, , O
who WP B-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
for IN B-PP
comment NN B-NP
, , O
has VBZ B-VP
made VBN I-VP
some DT B-NP
of IN B-PP
his PRP$ B-NP
checks NNS I-NP
available JJ B-ADJP
for IN B-PP
sale NN B-NP
is VBZ B-VP
n't RB O
clear JJ B-ADJP
. . O

He PRP B-NP
probably RB B-ADVP
has VBZ B-VP
n't RB I-VP
done VBN I-VP
it PRP B-NP
for IN B-PP
the DT B-NP
cash NN I-NP
. . O

`` `` O
I PRP B-NP
would MD B-VP
say VB I-VP
he PRP B-NP
's VBZ B-VP
definitely RB B-ADVP
not RB O
in IN B-PP
need NN B-NP
of IN B-PP
money NN B-NP
, , O
'' '' O
says VBZ B-VP
Matt NNP B-NP
Merola NNP I-NP
, , O
an DT B-NP
agent NN I-NP
of IN B-PP
Mr. NNP B-NP
Jackson NNP I-NP
's POS I-NP
based VBN B-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

`` `` O
He PRP B-NP
has VBZ B-VP
good JJ B-NP
investments NNS I-NP
. . O
'' '' O

And CC O
Mr. NNP B-NP
Jackson NNP I-NP
probably RB B-ADVP
has VBZ B-VP
opened VBN I-VP
new JJ B-NP
checking NN I-NP
accounts NNS I-NP
, , O
too RB B-ADVP
. . O

Or CC O
at IN B-ADVP
least JJS I-ADVP
he PRP B-NP
should MD B-VP
. . O

`` `` O
I PRP B-NP
assume VBP B-VP
those DT B-NP
accounts NNS I-NP
are VBP B-VP
closed VBN B-ADJP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Smalling NNP I-NP
, , O
referring VBG B-VP
to TO B-PP
the DT B-NP
accounts NNS I-NP
of IN B-PP
the DT B-NP
canceled VBN I-NP
checks NNS I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
he PRP B-NP
'd MD B-VP
want VB I-VP
to TO I-VP
give VB I-VP
out IN B-PRT
his PRP$ B-NP
current JJ I-NP
account NN I-NP
numbers NNS I-NP
. . O

USX NNP B-NP
Corp. NNP I-NP
and CC O
its PRP$ B-NP
Japanese JJ I-NP
partner NN I-NP
, , O
Kobe NNP B-NP
Steel NNP I-NP
Ltd. NNP I-NP
, , O
agreed VBD B-VP
to TO I-VP
form VB I-VP
a DT B-NP
joint JJ I-NP
venture NN I-NP
to TO B-VP
build VB I-VP
a DT B-NP
new JJ I-NP
plant NN I-NP
to TO B-VP
produce VB I-VP
hot-dipped JJ B-NP
galvanized JJ I-NP
sheet NN I-NP
products NNS I-NP
, , O
mainly RB B-ADVP
for IN B-PP
the DT B-NP
automotive JJ I-NP
market NN I-NP
. . O

Terms NNS B-NP
were VBD B-VP
n't RB I-VP
disclosed VBN I-VP
for IN B-PP
the DT B-NP
plant NN I-NP
, , O
which WDT B-NP
will MD B-VP
have VB I-VP
annual JJ B-NP
capacity NN I-NP
of IN B-PP
600,000 CD B-NP
tons NNS I-NP
. . O

The DT B-NP
move NN I-NP
by IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
largest JJS I-NP
steelmaker NN I-NP
follows VBZ B-VP
a DT B-NP
string NN I-NP
of IN B-PP
earlier JJR B-NP
announcements NNS I-NP
by IN B-PP
other JJ B-NP
major JJ I-NP
steel NN I-NP
companies NNS I-NP
. . O

Bethlehem NNP B-NP
Steel NNP I-NP
Corp. NNP I-NP
, , O
LTV NNP B-NP
Corp. NNP I-NP
and CC O
Armco NNP B-NP
Inc. NNP I-NP
all DT O
have NN B-VP
plans NNS B-NP
to TO B-VP
build VB I-VP
additional JJ B-NP
lines NNS I-NP
for IN B-PP
such JJ B-NP
coated VBN I-NP
corrosion-resistant JJ I-NP
steel NN I-NP
. . O

The DT B-NP
surge NN I-NP
in IN B-PP
production NN B-NP
, , O
analysts NNS B-NP
say VBP B-VP
, , O
raises VBZ B-VP
questions NNS B-NP
about IN B-PP
capacity NN B-NP
outpacing VBG B-VP
demand NN B-NP
. . O

They PRP B-NP
note VBP B-VP
that IN B-SBAR
most RBS B-NP
of IN B-PP
the DT B-NP
new JJ I-NP
plants NNS I-NP
will MD B-VP
come VB I-VP
on IN B-PP
line NN B-NP
in IN B-PP
1992 CD B-NP
, , O
when WRB B-ADVP
the DT B-NP
current JJ I-NP
import NN I-NP
trade NN I-NP
restraint NN I-NP
program NN I-NP
ends NNS B-VP
, , O
which WDT B-NP
could MD B-VP
result VB I-VP
in IN B-PP
more JJR B-NP
imports NNS I-NP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
too RB B-NP
much JJ I-NP
capacity NN I-NP
, , O
'' '' O
contended VBD B-VP
Charles NNP B-NP
Bradford NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
there EX B-NP
's VBZ B-VP
anyone NN B-NP
not RB B-VP
building VBG I-VP
one CD B-NP
. . O
'' '' O

He PRP B-NP
does VBZ B-VP
add VB I-VP
, , O
however RB B-ADVP
, , O
that IN B-SBAR
transplanted VBN B-NP
Japanese JJ I-NP
car NN I-NP
makers NNS I-NP
are VBP B-VP
boosting VBG I-VP
the DT B-NP
levels NNS I-NP
of IN B-PP
U.S.-made JJ B-NP
steel NN I-NP
in IN B-PP
their PRP$ B-NP
autos NNS I-NP
, , O
instead RB B-PP
of IN I-PP
relying VBG B-VP
heavily RB B-ADVP
on IN B-PP
imported VBN B-NP
steel NN I-NP
. . O

That DT B-NP
trend NN I-NP
could MD B-VP
increase VB I-VP
demand NN B-NP
for IN B-PP
hot-dipped JJ B-NP
galvanized JJ I-NP
sheet NN I-NP
. . O

The DT B-NP
hot-dipped JJ I-NP
galvanized JJ I-NP
segment NN I-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
the DT B-NP
fastest-growing JJ I-NP
and CC I-NP
most RBS I-NP
profitable JJ I-NP
segments NNS I-NP
of IN B-PP
the DT B-NP
steel NN I-NP
market NN I-NP
, , O
coveted VBN B-VP
by IN B-PP
all DT B-NP
major JJ I-NP
integrated VBN I-NP
steelmakers NNS I-NP
wanting VBG B-VP
to TO I-VP
maintain VB I-VP
an DT B-NP
edge NN I-NP
over IN B-PP
smaller JJR B-NP
minimills NNS I-NP
and CC O
reconstructed JJ B-NP
mills NNS I-NP
-- : O
those DT B-NP
spun VBN B-VP
off IN B-PRT
to TO B-PP
employees NNS B-NP
. . O

Indeed RB B-ADVP
, , O
USX NNP B-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
the DT B-NP
market NN I-NP
for IN B-PP
coated VBN B-NP
sheet NN I-NP
steel NN I-NP
to TO B-VP
reach VB I-VP
12 CD B-NP
million CD I-NP
tons NNS I-NP
annually RB B-ADVP
by IN B-PP
1992 CD B-NP
, , O
compared VBN B-PP
with IN B-PP
10.2 CD B-NP
million CD I-NP
tons NNS I-NP
shipped VBN B-VP
in IN B-PP
1988 CD B-NP
. . O

For IN B-PP
the DT B-NP
first JJ I-NP
eight CD I-NP
months NNS I-NP
of IN B-PP
1989 CD B-NP
, , O
analysts NNS B-NP
say VBP B-VP
shipments NNS B-NP
of IN B-PP
hot-dipped JJ B-NP
galvanized JJ I-NP
steel NN I-NP
increased VBN B-VP
about IN B-NP
8 CD I-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
while IN B-SBAR
overall JJ B-NP
steel NN I-NP
shipments NNS I-NP
were VBD B-VP
up IN B-ADVP
only RB B-NP
2.4 CD I-NP
% NN I-NP
. . O

USX NNP B-NP
and CC O
Kobe NNP B-NP
Steel NNP I-NP
hope NN B-VP
to TO I-VP
reach VB I-VP
a DT B-NP
definitive JJ I-NP
agreement NN I-NP
establishing VBG B-VP
the DT B-NP
50-50 JJ I-NP
partnership NN I-NP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
, , O
with IN B-PP
construction NN B-NP
tentatively RB B-VP
slated VBD I-VP
for IN B-PP
the DT B-NP
spring NN I-NP
of IN B-PP
1990 CD B-NP
and CC O
production NN B-NP
by IN B-PP
1992 CD B-NP
. . O

USX NNP B-NP
already RB B-ADVP
has VBZ B-VP
six CD B-NP
lines NNS I-NP
in IN B-PP
existing VBG B-NP
plants NNS I-NP
producing VBG B-VP
hot-dipped JJ B-NP
galvanized JJ I-NP
steel NN I-NP
, , O
but CC O
this DT B-NP
marks VBZ B-VP
the DT B-NP
first JJ I-NP
so-called JJ I-NP
greenfield NN I-NP
plant NN I-NP
for IN B-PP
such JJ B-NP
production NN I-NP
. . O

Moreover RB B-ADVP
, , O
it PRP B-NP
will MD B-VP
boost VB I-VP
by IN B-PP
50 CD B-NP
% NN I-NP
USX NNP B-NP
's POS B-NP
current JJ I-NP
hot-dipped JJ I-NP
capacity NN I-NP
of IN B-PP
1,275,000 CD B-NP
tons NNS I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
expect VB I-VP
the DT B-NP
new JJ I-NP
line NN I-NP
's POS B-NP
capacity NN I-NP
to TO B-VP
adversely RB I-VP
affect VB I-VP
the DT B-NP
company NN I-NP
's POS B-NP
existing VBG I-NP
hot-dipped JJ I-NP
galvanizing NN I-NP
lines NNS I-NP
. . O

Steelmakers NNS B-NP
have VBP B-VP
also RB I-VP
been VBN I-VP
adding VBG I-VP
capacity NN B-NP
of IN B-PP
so-called JJ B-NP
electrogalvanized JJ I-NP
steel NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
another DT B-NP
way NN I-NP
to TO B-VP
make VB I-VP
coated VBN B-NP
corrosion-resistant JJ I-NP
steel NN I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
advantages NNS I-NP
of IN B-PP
the DT B-NP
hot-dipped JJ I-NP
process NN I-NP
is VBZ B-VP
that IN B-SBAR
it PRP B-NP
allows VBZ B-VP
the DT B-NP
steel NN I-NP
to TO B-VP
be VB I-VP
covered VBN I-VP
with IN B-PP
a DT B-NP
thicker JJR I-NP
coat NN I-NP
of IN B-PP
zinc NN B-NP
more RBR B-ADVP
quickly RB I-ADVP
. . O

ONCE RB O
YOU PRP B-NP
MAKE VB B-VP
UP IN B-PRT
your PRP$ B-NP
mind NN I-NP
about IN B-PP
an DT B-NP
investment NN I-NP
, , O
the DT B-NP
rest NN I-NP
is VBZ B-VP
easy JJ B-ADJP
, , O
right NN B-INTJ
? . O

You PRP B-NP
just RB B-ADVP
call VBP B-VP
your PRP$ B-NP
broker NN I-NP
and CC O
say VBP B-VP
`` `` O
buy VB B-VP
'' '' I-VP
or CC I-VP
`` `` I-VP
sell VB I-VP
. . O
'' '' O

Dream NNP B-VP
on NNP B-PRT
. . O

There EX B-NP
are VBP B-VP
all DT B-NP
sorts NNS I-NP
of IN B-PP
ways NNS B-NP
to TO B-VP
give VB I-VP
buy NN B-NP
and CC I-NP
sell VB I-NP
instructions NNS I-NP
to TO B-PP
a DT B-NP
broker NN I-NP
-- : O
and CC O
just RB B-NP
as IN I-NP
many JJ I-NP
ways NNS I-NP
to TO B-VP
get VB I-VP
burned VBN I-VP
if IN B-SBAR
you PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
what WP B-NP
you PRP B-NP
're VBP B-VP
doing VBG I-VP
. . O

So RB O
here RB B-ADVP
's VBZ B-VP
a DT B-NP
rundown NN I-NP
of IN B-PP
the DT B-NP
most RBS I-NP
common JJ I-NP
types NNS I-NP
of IN B-PP
market NN B-NP
orders NNS I-NP
permitted VBN B-VP
by IN B-PP
the DT B-NP
stock NN I-NP
and CC I-NP
commodity NN I-NP
exchanges NNS I-NP
. . O

Two CD B-NP
things NNS I-NP
to TO B-VP
keep VB I-VP
in IN B-PP
mind NN B-NP
: : O
Not RB B-NP
all DT I-NP
exchanges NNS I-NP
accept VBP B-VP
every DT B-NP
type NN I-NP
of IN B-PP
order NN B-NP
. . O

And CC O
even RB B-ADVP
when WRB B-ADVP
a DT B-NP
specific JJ I-NP
order NN I-NP
is VBZ B-VP
acceptable JJ B-ADJP
to TO B-PP
an DT B-NP
exchange NN I-NP
, , O
a DT B-NP
brokerage NN I-NP
firm NN I-NP
can MD B-VP
refuse VB I-VP
to TO I-VP
enter VB I-VP
it PRP B-NP
for IN B-PP
a DT B-NP
customer NN I-NP
. . O

Market NNP B-NP
Order NNP I-NP
: : O
This DT B-NP
is VBZ B-VP
probably RB B-ADVP
the DT B-NP
most RBS I-NP
widely RB I-NP
used VBN I-NP
order NN I-NP
-- : O
and CC O
the DT B-NP
one CD I-NP
most RBS B-ADJP
open JJ I-ADJP
to TO B-PP
abuse VB B-NP
by IN B-PP
unscrupulous JJ B-NP
floor NN I-NP
brokers NNS I-NP
, , O
since IN B-SBAR
it PRP B-NP
imposes VBZ B-VP
no DT B-NP
price NN I-NP
restrictions NNS I-NP
. . O

With IN B-PP
a DT B-NP
market NN I-NP
order NN I-NP
, , O
an DT B-NP
investor NN I-NP
tells VBZ B-VP
a DT B-NP
broker NN I-NP
to TO B-VP
buy VB I-VP
or CC I-VP
sell VB I-VP
`` `` O
at IN B-PP
the DT B-NP
market NN I-NP
. . O
'' '' O

It PRP B-NP
's VBZ B-VP
like IN B-PP
saying VBG B-VP
, , O
`` `` O
get VB B-VP
me PRP B-NP
in IN B-ADVP
now RB B-ADVP
'' '' O
or CC O
`` `` O
get VB B-VP
me PRP B-NP
out IN B-ADVP
now RB B-ADVP
. . O
'' '' O

For IN B-PP
example NN B-NP
, , O
if IN B-SBAR
wheat NN B-NP
is VBZ B-VP
being VBG I-VP
offered VBN I-VP
at IN B-PP
$ $ B-NP
4.065 CD I-NP
and CC O
bid NN B-VP
at IN B-PP
$ $ B-NP
4.060 CD I-NP
, , O
a DT B-NP
market NN I-NP
order NN I-NP
to TO B-VP
buy VB I-VP
would MD B-VP
be VB I-VP
filled VBN I-VP
at IN B-PP
the DT B-NP
higher JJR I-NP
price NN I-NP
and CC O
a DT B-NP
market NN I-NP
order NN I-NP
to TO B-VP
sell VB I-VP
at IN B-PP
the DT B-NP
lower JJR I-NP
price NN I-NP
. . O

A DT B-NP
recent JJ I-NP
indictment NN I-NP
alleges VBZ B-VP
that IN B-SBAR
some DT B-NP
floor NN I-NP
brokers NNS I-NP
at IN B-PP
the DT B-NP
two CD I-NP
largest JJS I-NP
Chicago NNP I-NP
commodity NN I-NP
exchanges NNS I-NP
used VBD B-VP
market NN B-NP
orders NNS I-NP
to TO B-VP
fill VB I-VP
customers NNS B-NP
' POS B-NP
orders NNS I-NP
at IN B-PP
unfavorable JJ B-NP
prices NNS I-NP
by IN B-PP
arranging VBG B-VP
trades NNS B-NP
with IN B-PP
fellow NN B-NP
brokers NNS I-NP
. . O

Profits NNS B-NP
realized VBD B-VP
from IN B-PP
these DT B-NP
trades NNS I-NP
would MD B-VP
then RB I-VP
be VB I-VP
shared VBN I-VP
by IN B-PP
the DT B-NP
conspiring VBG I-NP
brokers NNS I-NP
. . O

Limit VB B-NP
Order NNP I-NP
: : O
Limit VB B-NP
orders NNS I-NP
are VBP B-VP
used VBN I-VP
when WRB B-ADVP
investors NNS B-NP
want VBP B-VP
to TO I-VP
restrict VB I-VP
the DT B-NP
amount NN I-NP
they PRP B-NP
will MD B-VP
receive VB I-VP
or CC I-VP
pay VB I-VP
for IN B-PP
an DT B-NP
investment NN I-NP
. . O

Investors NNS B-NP
do VBP B-VP
this DT B-NP
by IN B-PP
specifying VBG B-VP
a DT B-NP
minimum JJ I-NP
price NN I-NP
at IN B-PP
which WDT B-NP
the DT B-NP
investment NN I-NP
may MD B-VP
be VB I-VP
sold VBN I-VP
or CC O
the DT B-NP
maximum JJ I-NP
price NN I-NP
that WDT B-NP
may MD B-VP
be VB I-VP
paid VBN I-VP
for IN B-PP
it PRP B-NP
. . O

Suppose VB B-VP
an DT B-NP
investor NN I-NP
wants VBZ B-VP
to TO I-VP
sell VB I-VP
a DT B-NP
stock NN I-NP
, , O
but CC O
not RB O
for IN B-PP
less JJR B-NP
than IN I-NP
$ $ I-NP
55 NN I-NP
. . O

A DT B-NP
limit NN I-NP
order NN I-NP
to TO B-VP
sell VB I-VP
could MD B-VP
be VB I-VP
entered VBN I-VP
at IN B-PP
that DT B-NP
price NN I-NP
. . O

One CD B-NP
risk NN I-NP
: : O
Investors NNS B-NP
may MD B-VP
regret VB I-VP
the DT B-NP
restriction NN I-NP
if IN B-SBAR
the DT B-NP
stock NN I-NP
reaches VBZ B-VP
54 CD B-NP
and CC O
then RB O
falls VBZ B-VP
. . O

Unless IN B-SBAR
the DT B-NP
market NN I-NP
goes VBZ B-VP
at IN B-NP
least JJS I-NP
one CD I-NP
tick VB I-NP
-LRB- ( O
the DT B-NP
smallest JJS I-NP
price NN I-NP
increment NN I-NP
permitted VBN B-VP
-RRB- ) O
beyond IN B-PP
the DT B-NP
limit NN I-NP
price NN I-NP
, , O
investors NNS B-NP
are VBP B-VP
n't RB I-VP
assured VBN I-VP
of IN B-PP
having VBG B-VP
their PRP$ B-NP
orders NNS I-NP
filled VBN B-VP
because IN B-SBAR
there EX B-NP
may MD B-VP
not RB I-VP
be VB I-VP
sufficient JJ B-NP
trading NN I-NP
volume NN I-NP
to TO B-VP
permit VB I-VP
filling VBG I-VP
it PRP B-NP
at IN B-PP
the DT B-NP
specified VBN I-NP
price NN I-NP
. . O

Stop VB B-NP
Order NNP I-NP
: : O
Stop VB B-NP
orders NNS I-NP
tell VB B-VP
a DT B-NP
floor NN I-NP
broker NN I-NP
to TO B-VP
buy VB I-VP
or CC I-VP
sell VB I-VP
an DT B-NP
investment NN I-NP
once RB B-SBAR
the DT B-NP
price NN I-NP
reaches VBZ B-VP
a DT B-NP
certain JJ I-NP
level NN I-NP
. . O

Once RB O
the DT B-NP
price NN I-NP
reaches VBZ B-VP
that DT B-NP
level NN I-NP
, , O
a DT B-NP
stop NN I-NP
order NN I-NP
turns VBZ B-VP
into IN B-PP
a DT B-NP
market NN I-NP
order NN I-NP
, , O
and CC O
the DT B-NP
order NN I-NP
is VBZ B-VP
filled VBN I-VP
at IN B-PP
whatever WDT B-NP
price VBP I-NP
the DT B-NP
broker NN I-NP
can MD B-VP
get VB I-VP
. . O

Stop VB B-NP
orders NNS I-NP
are VBP B-VP
sometimes RB I-VP
called VBN I-VP
`` `` B-NP
stop-loss NN I-NP
'' '' I-NP
orders NNS I-NP
because IN B-SBAR
they PRP B-NP
are VBP B-VP
frequently RB I-VP
used VBN I-VP
to TO B-VP
protect VB I-VP
profits NNS B-NP
or CC O
limit NN B-VP
losses NNS B-NP
. . O

While IN B-SBAR
stop NN B-NP
orders NNS I-NP
sound VBP B-VP
similar JJ B-ADJP
to TO B-PP
limit VB B-NP
orders NNS I-NP
, , O
there EX B-NP
is VBZ B-VP
a DT B-NP
difference NN I-NP
: : O
Sell VB B-NP
stops VBZ I-NP
must MD B-VP
be VB I-VP
entered VBN I-VP
at IN B-PP
a DT B-NP
price NN I-NP
below IN B-PP
the DT B-NP
current JJ I-NP
market NN I-NP
price NN I-NP
and CC O
buy VB B-NP
stops VBZ I-NP
above RB B-PP
. . O

In IN B-PP
contrast NN B-NP
, , O
sell VB B-NP
limit NN I-NP
orders NNS I-NP
must MD B-VP
be VB I-VP
placed VBN I-VP
above IN B-PP
the DT B-NP
market NN I-NP
price NN I-NP
and CC O
buy VB B-NP
limit NN I-NP
orders NNS I-NP
are VBP B-VP
placed VBN I-VP
below RB B-PP
. . O

The DT B-NP
crash NN I-NP
in IN B-PP
October NNP B-NP
1987 CD I-NP
and CC O
last JJ B-NP
Friday NNP I-NP
's POS B-NP
sell-off NN I-NP
painfully RB B-VP
taught VBD I-VP
some DT B-NP
investors NNS I-NP
exactly RB B-ADVP
what WP B-NP
stop VBP B-NP
orders NNS I-NP
will MD B-VP
and CC I-VP
wo MD I-VP
n't RB O
do VB B-VP
. . O

An DT B-NP
investor NN I-NP
who WP B-NP
may MD B-VP
have VB I-VP
placed VBN I-VP
a DT B-NP
stop-loss NN I-NP
order NN I-NP
at IN B-PP
$ $ B-NP
90 CD I-NP
under IN B-PP
a DT B-NP
stock NN I-NP
that WDT B-NP
was VBD B-VP
trading VBG I-VP
at IN B-PP
$ $ B-NP
100 CD I-NP
a DT B-NP
share NN I-NP
on IN B-PP
the DT B-NP
Friday NNP I-NP
before IN B-PP
the DT B-NP
crash NN I-NP
was VBD B-VP
stunned VBN I-VP
to TO I-VP
discover VB I-VP
that IN B-SBAR
the DT B-NP
order NN I-NP
was VBD B-VP
filled VBN I-VP
at IN B-PP
$ $ B-NP
75 CD I-NP
when WRB B-ADVP
the DT B-NP
stock NN I-NP
opened VBD B-VP
at IN B-PP
that DT B-NP
price NN I-NP
on IN B-PP
Monday NNP B-NP
. . O

Stop-Limit NNP B-NP
Order NNP I-NP
: : O
Stop-limit JJ B-NP
orders NNS I-NP
turn VBP B-VP
into IN B-PP
limit NN B-NP
orders NNS I-NP
when WRB B-ADVP
an DT B-NP
investment NN I-NP
trades NNS B-VP
at IN B-PP
the DT B-NP
price NN I-NP
specified VBN B-VP
in IN B-PP
the DT B-NP
order NN I-NP
. . O

Unlike IN B-PP
stop NN B-NP
orders NNS I-NP
-- : O
which WDT B-NP
are VBP B-VP
filled VBN I-VP
at IN B-PP
the DT B-NP
market NN I-NP
price NN I-NP
when WRB B-ADVP
the DT B-NP
stop NN I-NP
price NN I-NP
is VBZ B-VP
hit VBN I-VP
-- : O
stop-limit JJ B-NP
orders NNS I-NP
demand VBP B-VP
that IN B-SBAR
the DT B-NP
trades NNS I-NP
be VBP B-VP
made VBN I-VP
only RB B-ADVP
at IN B-PP
the DT B-NP
specified VBN I-NP
price NN I-NP
. . O

If IN B-SBAR
it PRP B-NP
ca MD B-VP
n't RB I-VP
be VB I-VP
made VBN I-VP
at IN B-PP
that DT B-NP
price NN I-NP
, , O
it PRP B-NP
does VBZ B-VP
n't RB I-VP
get VB I-VP
filled VBN I-VP
. . O

Investors NNS B-NP
who WP B-NP
wish VBP B-VP
to TO I-VP
be VB I-VP
out IN B-PP
of IN B-PP
a DT B-NP
position NN I-NP
, , O
without IN B-PP
the DT B-NP
risk NN I-NP
of IN B-PP
receiving VBG B-VP
a DT B-NP
worse-than-expected JJ I-NP
price NN I-NP
from IN B-PP
a DT B-NP
market NN I-NP
order NN I-NP
, , O
may MD B-VP
use VB I-VP
this DT B-NP
type NN I-NP
of IN B-PP
order NN B-NP
to TO B-VP
specify VB I-VP
the DT B-NP
price NN I-NP
at IN B-PP
which WDT B-NP
the DT B-NP
order NN I-NP
must MD B-VP
be VB I-VP
filled VBN I-VP
. . O

But CC O
if IN B-SBAR
the DT B-NP
market NN I-NP
moves NNS B-VP
quickly RB B-ADVP
enough RB I-ADVP
, , O
it PRP B-NP
may MD B-VP
be VB I-VP
impossible JJ B-ADJP
for IN B-SBAR
the DT B-NP
broker NN I-NP
to TO B-VP
carry VB I-VP
out RP B-PRT
the IN B-NP
order NN I-NP
because IN B-SBAR
the DT B-NP
investment NN I-NP
has VBZ B-VP
passed VBN I-VP
the DT B-NP
specified VBN I-NP
price NN I-NP
. . O

Market-If-Touched NNP B-NP
Order NNP I-NP
: : O
Market-if-touched JJ B-NP
orders NNS I-NP
are VBP B-VP
like IN B-PP
stop NN B-NP
orders NNS I-NP
in IN B-SBAR
that DT I-SBAR
they PRP B-NP
become VBP B-VP
market NN B-NP
orders NNS I-NP
if IN B-SBAR
a DT B-NP
specified VBN I-NP
price NN I-NP
is VBZ B-VP
reached VBN I-VP
. . O

However RB B-ADVP
, , O
unlike IN B-PP
a DT B-NP
buy-stop JJ I-NP
order NN I-NP
, , O
a DT B-NP
buy NN I-NP
market-if-touched NN I-NP
order NN I-NP
is VBZ B-VP
entered VBN I-VP
at IN B-PP
a DT B-NP
price NN I-NP
below IN B-PP
the DT B-NP
current JJ I-NP
price NN I-NP
, , O
while IN B-SBAR
a DT B-NP
sell NN I-NP
market-if-touched NN I-NP
order NN I-NP
is VBZ B-VP
entered VBN I-VP
at IN B-PP
a DT B-NP
price NN I-NP
above IN B-PP
it PRP B-NP
. . O

As RB B-ADVP
soon RB I-ADVP
as IN B-SBAR
the DT B-NP
market NN I-NP
trades NNS B-VP
at IN B-PP
the DT B-NP
specified VBN I-NP
price NN I-NP
the DT B-NP
floor NN I-NP
broker NN I-NP
will MD B-VP
fill VB I-VP
it PRP B-NP
at IN B-PP
the DT B-NP
best JJS I-NP
possible JJ I-NP
price NN I-NP
. . O

Fill-Or-Kill NNP B-NP
Order NNP I-NP
: : O
The DT B-NP
fill-or-kill JJ I-NP
order NN I-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
several RB B-NP
associated VBN B-VP
with IN B-PP
the DT B-NP
timing NN I-NP
of IN B-PP
trades NNS B-NP
. . O

It PRP B-NP
instructs VBZ B-VP
a DT B-NP
broker NN I-NP
to TO B-VP
buy VB I-VP
or CC I-VP
sell VB I-VP
an DT B-NP
investment NN I-NP
at IN B-PP
the DT B-NP
specified VBN I-NP
price NN I-NP
or CC O
better JJR B-ADJP
. . O

But CC O
if IN B-SBAR
the DT B-NP
investment NN I-NP
ca MD B-VP
n't RB I-VP
be VB I-VP
bought VBN I-VP
or CC I-VP
sold VBN I-VP
immediately RB B-ADVP
, , O
the DT B-NP
order NN I-NP
is VBZ B-VP
automatically RB I-VP
canceled VBN I-VP
. . O

Gregory NNP B-NP
Bessemer NNP I-NP
, , O
who WP B-NP
came VBD B-VP
in IN B-PP
second JJ B-NP
in IN B-PP
the DT B-NP
stock NN I-NP
division NN I-NP
of IN B-PP
the DT B-NP
recently RB I-NP
completed VBN I-NP
U.S. NNP I-NP
Trading NNP I-NP
Championship NNP I-NP
, , O
says VBZ B-VP
he PRP B-NP
uses VBZ B-VP
fill-or-kill JJ B-NP
orders NNS I-NP
almost RB B-ADVP
exclusively RB I-ADVP
when WRB B-ADVP
trading NN B-VP
options NNS B-NP
. . O

`` `` O
I PRP B-NP
like VB B-VP
to TO I-VP
use VB I-VP
them PRP B-NP
to TO B-VP
feel VB I-VP
out RP B-PRT
the IN B-NP
market NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
If IN B-SBAR
they PRP B-NP
do VBP B-VP
n't RB I-VP
fill VB I-VP
it PRP B-NP
immediately RB B-ADVP
, , O
then RB B-ADVP
I PRP B-NP
can MD B-VP
start VB I-VP
over IN B-ADVP
at IN B-PP
a DT B-NP
new JJ I-NP
price NN I-NP
or CC O
try VB B-VP
again RB B-ADVP
with IN B-PP
the DT B-NP
same JJ I-NP
price NN I-NP
. . O
'' '' O

Not-Held NNP B-NP
Order NNP I-NP
: : O
This DT B-NP
is VBZ B-VP
another DT B-NP
timing NN I-NP
order NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
a DT B-NP
market NN I-NP
order NN I-NP
that WDT B-NP
allows VBZ B-VP
floor NN B-NP
brokers NNS I-NP
to TO B-VP
take VB I-VP
more JJR B-NP
time NN I-NP
to TO B-VP
buy VB I-VP
or CC I-VP
sell VB I-VP
an DT B-NP
investment NN I-NP
, , O
if IN B-SBAR
they PRP B-NP
think VBP B-VP
they PRP B-NP
can MD B-VP
get VB I-VP
a DT B-NP
better JJR I-NP
price NN I-NP
by IN B-PP
waiting VBG B-NP
. . O

Not-held JJ B-NP
orders NNS I-NP
, , O
which WDT B-NP
are VBP B-VP
also RB I-VP
known VBN I-VP
as IN B-PP
`` `` O
disregard NN B-VP
the DT B-NP
tape NN I-NP
'' '' B-NP
orders NNS I-NP
, , O
are VBP B-VP
always RB I-VP
done VBN I-VP
at IN B-PP
the DT B-NP
customer NN I-NP
's POS B-NP
risk NN I-NP
. . O

One-Cancels-The-Other NNP B-NP
Order NNP I-NP
: : O
This DT B-NP
is VBZ B-VP
really RB B-ADVP
two CD B-NP
orders NNS I-NP
in IN B-PP
one CD B-NP
, , O
generally RB B-ADVP
for IN B-PP
the DT B-NP
same JJ I-NP
security NN I-NP
or CC I-NP
commodity NN I-NP
, , O
instructing VBG B-VP
floor NN B-NP
brokers NNS I-NP
to TO B-VP
fill VB I-VP
whichever WDT B-NP
order VBP I-NP
they PRP B-NP
can MD B-VP
first RB B-ADVP
and CC O
then RB O
cancel VB B-VP
the DT B-NP
other JJ I-NP
order NN I-NP
. . O

In IN B-PP
a DT B-NP
fast-moving JJ I-NP
market NN I-NP
, , O
it PRP B-NP
prevents VBZ B-VP
an DT B-NP
investor NN I-NP
from IN B-PP
getting VBG B-VP
stuck VBN I-VP
with IN B-PP
having VBG B-VP
made VBN I-VP
two CD B-NP
trades NNS I-NP
on IN B-PP
the DT B-NP
same JJ I-NP
security NN I-NP
. . O

Specific-Time NNP B-NP
Order NNP I-NP
: : O
This DT B-NP
type NN I-NP
of IN B-PP
order NN B-NP
couples NNS B-VP
many NN B-NP
of IN B-PP
the DT B-NP
orders NNS I-NP
described VBN B-VP
above IN B-ADVP
with IN B-PP
instructions NNS B-NP
that IN B-SBAR
the DT B-NP
order NN I-NP
must MD B-VP
be VB I-VP
carried VBN I-VP
out IN B-PRT
at IN B-PP
or CC I-PP
by IN I-PP
a DT B-NP
certain JJ I-NP
time NN I-NP
. . O

`` `` O
On IN B-NP
the DT I-NP
close NN I-NP
'' '' O
can MD B-VP
be VB I-VP
added VBN I-VP
to TO B-PP
many VB B-NP
types NNS I-NP
of IN B-PP
orders NNS B-NP
. . O

For IN B-PP
example NN B-NP
, , O
`` `` O
market-on-close JJ B-NP
orders NNS I-NP
'' '' O
must MD B-VP
be VB B-VP
filled VBN I-VP
during IN B-PP
the DT B-NP
last JJ I-NP
few JJ I-NP
minutes NNS I-NP
of IN B-PP
trading NN B-NP
for IN B-PP
the DT B-NP
day NN I-NP
at IN B-PP
a DT B-NP
price NN I-NP
that WDT B-NP
is VBZ B-VP
within IN B-PP
the DT B-NP
official NN I-NP
closing VBG I-NP
range NN I-NP
of IN B-PP
prices NNS B-NP
as IN B-SBAR
determined VBN B-VP
by IN B-PP
the DT B-NP
exchange NN I-NP
. . O

`` `` O
Stop-close-only JJ B-NP
orders NNS I-NP
'' '' O
are VBP B-VP
stop VB B-NP
orders NNS I-NP
that WDT B-NP
only RB B-ADVP
become VB B-VP
active JJ B-ADJP
during IN B-PP
the DT B-NP
closing VBG I-NP
minutes NNS I-NP
of IN B-PP
trading NN B-NP
. . O

`` `` O
Day NNP B-NP
orders NNS I-NP
'' '' O
expire VB B-VP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
day NN I-NP
on IN B-PP
which WDT B-NP
they PRP B-NP
are VBP B-VP
entered VBN I-VP
, , O
`` `` O
good-till-canceled JJ B-NP
orders NNS I-NP
'' '' O
have VBP B-VP
no DT B-NP
expiration NN I-NP
date NN I-NP
. . O

Most JJS B-NP
brokers NNS I-NP
assume VBP B-VP
that IN B-SBAR
all DT B-NP
orders NNS I-NP
are VBP B-VP
day NN B-NP
orders NNS I-NP
unless IN B-SBAR
specified VBN B-VP
otherwise RB B-ADVP
. . O

On IN B-PP
Oct. NNP B-NP
19 CD I-NP
, , I-NP
1987 CD I-NP
, , O
some DT B-NP
investors NNS I-NP
learned VBD B-VP
the DT B-NP
consequences NNS I-NP
of IN B-PP
entering VBG B-VP
`` `` O
good-til-canceled JJ B-NP
limit NN I-NP
orders NNS I-NP
'' '' O
and CC O
then RB O
forgetting VBG B-VP
about IN B-PP
them PRP B-NP
. . O

They PRP B-NP
found VBD B-VP
they PRP B-NP
had VBD B-VP
bought VBN I-VP
stock NN B-NP
from IN B-PP
limit NN B-NP
orders NNS I-NP
that IN B-NP
they PRP B-NP
might MD B-VP
have VB I-VP
entered VBN I-VP
weeks NNS B-NP
or CC I-NP
months NNS I-NP
earlier RBR B-ADVP
and CC O
had VBD B-VP
forgotten VBN I-VP
to TO I-VP
cancel VB I-VP
. . O

It PRP B-NP
is VBZ B-VP
always RB B-ADVP
the DT B-NP
responsibility NN I-NP
of IN B-PP
investors NNS B-NP
to TO B-VP
keep VB I-VP
track NN B-NP
of IN B-PP
the DT B-NP
orders NNS I-NP
they PRP B-NP
have VBP B-VP
placed VBN I-VP
. . O

Investors NNS B-NP
who WP B-NP
change VBP B-VP
their PRP$ B-NP
mind NN I-NP
about IN B-PP
buying VBG B-NP
or CC I-NP
selling VBG I-NP
after IN B-SBAR
an DT B-NP
order NN I-NP
has VBZ B-VP
been VBN I-VP
filled VBN I-VP
are VBP B-VP
, , O
usually RB B-ADVP
, , O
stuck VBN B-VP
with IN B-PP
the DT B-NP
consequences NNS I-NP
. . O

Mr. NNP B-NP
Angrist NNP I-NP
writes VBZ B-VP
on IN B-PP
the DT B-NP
options NNS I-NP
and CC I-NP
commodities NNS I-NP
markets NNS I-NP
for IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
. . O

IN IN B-PP
SIZING NNP B-VP
UP IN B-PRT
the DT B-NP
risks NNS I-NP
of IN B-PP
stock-market NN B-NP
investments NNS I-NP
, , O
there EX B-NP
's VBZ B-VP
probably RB B-ADVP
no DT B-NP
starting VBG I-NP
place NN I-NP
better JJR B-ADJP
than IN B-PP
`` `` O
beta NN B-NP
. . O
'' '' O

But CC O
investors NNS B-NP
better RBR B-ADVP
not RB O
ignore VB B-VP
its PRP$ B-NP
limitations NNS I-NP
, , O
either RB B-ADVP
. . O

Beta NNP B-NP
is VBZ B-VP
a DT B-NP
handy JJ I-NP
gauge NN I-NP
that IN B-NP
measures VBZ B-VP
the DT B-NP
volatility NN I-NP
of IN B-PP
a DT B-NP
stock NN I-NP
or CC I-NP
stock NN I-NP
mutual JJ I-NP
fund NN I-NP
. . O

For IN B-PP
any DT B-NP
given VBN I-NP
move NN I-NP
in IN B-PP
the DT B-NP
overall JJ I-NP
market NN I-NP
, , O
it PRP B-NP
suggests VBZ B-VP
how WRB B-ADVP
steeply RB I-ADVP
that IN B-NP
particular JJ I-NP
issue NN I-NP
might MD B-VP
rise VB I-VP
or CC I-VP
fall NN I-VP
. . O

Beta JJ B-NP
figures NNS I-NP
are VBP B-VP
widely RB B-ADJP
available JJ I-ADJP
and CC O
easy JJ B-ADJP
to TO B-VP
interpret VB I-VP
. . O

The DT B-NP
beta NN I-NP
of IN B-PP
the DT B-NP
broad JJ I-NP
market NN I-NP
, , O
typically RB B-VP
defined VBN I-VP
as IN B-PP
the DT B-NP
Standard NNP I-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
500-stock JJ I-NP
index NN I-NP
, , O
is VBZ B-VP
always RB B-ADVP
1.0 CD B-NP
. . O

So RB O
a DT B-NP
stock NN I-NP
with IN B-PP
a DT B-NP
beta NN I-NP
of IN B-PP
0.5 CD B-NP
is VBZ B-VP
half NN B-ADJP
as IN I-ADJP
volatile JJ I-ADJP
, , O
one CD B-NP
at IN B-PP
1.5 CD B-NP
is VBZ B-VP
50 CD B-NP
% NN I-NP
more RBR B-ADJP
volatile JJ I-ADJP
, , O
and CC O
so RB B-ADVP
on RB I-ADVP
. . O

Cautious JJ B-NP
investors NNS I-NP
should MD B-VP
generally RB I-VP
go VB I-VP
with IN B-PP
stocks NNS B-NP
that WDT B-NP
have VBP B-VP
low JJ B-NP
betas NNS I-NP
. . O

Go VB B-VP
with IN B-PP
high-beta JJ B-NP
stocks NNS I-NP
to TO B-VP
get VB I-VP
the DT B-NP
biggest JJS I-NP
payoff NN I-NP
from IN B-PP
a DT B-NP
bet NN I-NP
on IN B-PP
a DT B-NP
bull NN I-NP
market NN I-NP
. . O

Remember VB B-VP
, , O
though RB B-ADVP
, , O
that DT O
beta NN B-NP
also RB B-ADVP
has VBZ B-VP
important JJ B-NP
limitations NNS I-NP
. . O

`` `` O
Beta NNP B-NP
is VBZ B-VP
only JJ B-NP
part NN I-NP
of IN B-PP
the DT B-NP
risk NN I-NP
in IN B-PP
a DT B-NP
stock NN I-NP
, , O
'' '' O
says VBZ B-VP
William NNP B-NP
F. NNP I-NP
Sharpe NNP I-NP
, , O
the DT B-NP
Stanford NNP I-NP
University NNP I-NP
emeritus NN I-NP
professor NN I-NP
who WP B-NP
developed VBD B-VP
the DT B-NP
measure NN I-NP
. . O

`` `` O
There EX B-NP
is VBZ B-VP
risk NN B-NP
that WDT B-NP
is VBZ B-VP
not RB I-VP
associated VBN I-VP
with IN B-PP
market NN B-NP
moves NNS I-NP
, , O
and CC O
the DT B-NP
beta NN I-NP
does VBZ B-VP
n't RB I-VP
tell VB I-VP
you PRP B-NP
the DT B-NP
magnitude NN I-NP
of IN B-PP
that DT B-NP
. . O
'' '' O

In IN B-PP
particular JJ B-NP
, , O
beta NN B-NP
does VBZ B-VP
n't RB I-VP
measure VB I-VP
the DT B-NP
company NN I-NP
- : O
and CC O
industry-specific JJ B-NP
risk NN I-NP
associated VBN B-VP
with IN B-PP
an DT B-NP
individual JJ I-NP
stock NN I-NP
. . O

That DT B-NP
`` `` I-NP
business NN I-NP
'' '' I-NP
risk NN I-NP
is VBZ B-VP
very RB B-ADJP
significant JJ I-ADJP
for IN B-PP
an DT B-NP
investor NN I-NP
with IN B-PP
only RB B-NP
a DT I-NP
few JJ I-NP
stocks NNS I-NP
, , O
but CC O
it PRP B-NP
virtually RB B-VP
disappears VBZ I-VP
in IN B-PP
a DT B-NP
large JJ I-NP
and CC I-NP
well-diversified JJ I-NP
portfolio NN I-NP
. . O

Beta NNP B-NP
is VBZ B-VP
also RB B-ADVP
a DT B-NP
poor JJ I-NP
indicator NN I-NP
of IN B-PP
the DT B-NP
risk NN I-NP
in IN B-PP
stock NN B-NP
groups NNS I-NP
that WDT B-NP
march VBP B-VP
to TO B-PP
their PRP$ B-NP
own JJ I-NP
drummer NN I-NP
. . O

In IN B-PP
particular JJ B-NP
, , O
the DT B-NP
prices NNS I-NP
of IN B-PP
gold NN B-NP
and CC O
other JJ B-NP
precious-metals NNS I-NP
stocks NNS I-NP
shoot VBP B-VP
up IN B-ADVP
and CC I-ADVP
down RB I-ADVP
, , O
but CC O
the DT B-NP
stocks NNS I-NP
tend VBP B-VP
to TO I-VP
have VB I-VP
low JJ B-NP
betas NNS I-NP
because IN B-SBAR
their PRP$ B-NP
moves NNS I-NP
are VBP B-VP
not RB O
market-inspired JJ B-ADJP
. . O

Concern NN B-NP
that IN B-SBAR
investors NNS B-NP
could MD B-VP
misinterpret VB I-VP
such JJ B-NP
readings NNS I-NP
led VBD B-VP
the DT B-NP
American NNP I-NP
Association NNP I-NP
of IN B-PP
Individual JJ B-NP
Investors NNS I-NP
to TO B-VP
eliminate VB I-VP
beta NN B-NP
figures NNS I-NP
for IN B-PP
precious-metals NNS B-NP
funds NNS I-NP
in IN B-PP
the DT B-NP
1989 CD I-NP
edition NN I-NP
of IN B-PP
its PRP$ B-NP
mutual-fund JJ I-NP
guide NN I-NP
. . O

`` `` O
Our PRP$ B-NP
fear NN I-NP
was VBD B-VP
people NNS B-NP
would MD B-VP
look VB I-VP
just RB B-ADVP
at IN B-PP
the DT B-NP
beta NN I-NP
-LCB- ( O
of IN B-PP
a DT B-NP
gold NN I-NP
fund NN I-NP
-RCB- ) O
and CC O
say VBP B-VP
here RB B-ADVP
is VBZ B-VP
an DT B-NP
investment NN I-NP
with IN B-PP
very RB B-NP
low JJ I-NP
risk NN I-NP
, , O
'' '' O
says VBZ B-VP
John NNP B-NP
Markese NNP I-NP
, , O
director NN B-NP
of IN B-PP
research NN B-NP
for IN B-PP
the DT B-NP
Chicago-based JJ I-NP
group NN I-NP
. . O

`` `` O
In IN B-PP
reality NN B-NP
it PRP B-NP
's VBZ B-VP
very RB B-ADJP
volatile JJ I-ADJP
, , O
but CC O
the DT B-NP
movements NNS I-NP
are VBP B-VP
not RB O
because IN B-PP
of IN I-PP
market NN B-NP
movements NNS I-NP
. . O

READY NNP B-ADJP
TO TO B-VP
REVIEW NNP I-VP
the DT B-NP
riskiness NN I-NP
of IN B-PP
your PRP$ B-NP
investment NN I-NP
portfolio NN I-NP
? . O

First RB B-ADVP
, , O
a DT B-NP
pop NN I-NP
quiz NN I-NP
. . O

When WRB B-ADVP
you PRP B-NP
think VBP B-VP
of IN B-PP
the DT B-NP
words NNS I-NP
`` `` I-NP
risk NN I-NP
'' '' I-NP
and CC I-NP
`` `` I-NP
investment NN I-NP
, , O
'' '' O
what WP B-NP
's VBZ B-VP
the DT B-NP
specific JJ I-NP
peril NN I-NP
that WDT B-NP
comes VBZ B-VP
to TO B-PP
mind VB B-VP
? . O

Pencils NNS B-NP
down RB B-ADVP
. . O

If IN B-SBAR
you PRP B-NP
're VBP B-VP
like IN B-PP
most RBS B-NP
people NNS I-NP
, , O
you PRP B-NP
said VBD B-VP
it PRP B-NP
's VBZ B-VP
a DT B-NP
holding VBG I-NP
that WDT B-NP
goes VBZ B-VP
completely RB B-ADJP
sour JJ I-ADJP
-- : B-NP
maybe RB I-NP
a DT B-NP
bond NN I-NP
that IN B-NP
defaults NNS B-VP
or CC O
a DT B-NP
stock NN I-NP
whose WP$ B-NP
value NN I-NP
disappears VBZ B-VP
in IN B-PP
a DT B-NP
bankruptcy NN I-NP
proceeding NN I-NP
. . O

`` `` O
People NNS B-NP
tend VBP B-VP
to TO I-VP
see VB I-VP
risk NN B-NP
primarily RB B-ADVP
on IN B-PP
that DT B-NP
one CD I-NP
dimension NN I-NP
, , O
'' '' O
says VBZ B-VP
Timothy NNP B-NP
Kochis NNP I-NP
, , O
national JJ B-NP
director NN I-NP
of IN B-PP
personal JJ B-NP
financial JJ I-NP
planning NN I-NP
for IN B-PP
accountants NNS B-NP
Deloitte NNP I-NP
, , I-NP
Haskins NNP I-NP
& CC I-NP
Sells NNP I-NP
. . O

But CC O
therein RB B-ADVP
lies VBZ B-VP
another DT B-NP
aspect NN I-NP
of IN B-PP
investment NN B-NP
risk NN I-NP
: : O
the DT B-NP
hazard NN I-NP
of IN B-PP
shaping VBG B-VP
your PRP$ B-NP
portfolio NN I-NP
to TO B-VP
avoid VB I-VP
one CD B-NP
or CC I-NP
more JJR I-NP
types NNS I-NP
of IN B-PP
risk NN B-NP
and CC O
being VBG B-VP
blind-sided JJ I-VP
by IN B-PP
others NNS B-NP
. . O

This DT B-NP
is VBZ B-VP
clearly RB B-ADVP
not RB O
good JJ B-NP
news NN I-NP
to TO B-PP
all DT B-NP
you PRP I-NP
people NNS I-NP
who WP B-NP
sleep VBP B-VP
like IN B-PP
babies NNS B-NP
every DT B-NP
night NN I-NP
, , O
lulled VBN B-VP
by IN B-PP
visions NNS B-NP
of IN B-PP
your PRP$ B-NP
money NN I-NP
sitting VBG B-VP
risk-free JJ B-ADVP
in IN B-PP
six-month JJ B-NP
CDs NNS I-NP
. . O

Risk NN B-NP
wears VBZ B-VP
many JJ B-NP
disguises NNS I-NP
, , O
and CC O
investments NNS B-NP
that WDT B-NP
are VBP B-VP
low JJ B-ADJP
in IN B-PP
one CD B-NP
type NN I-NP
of IN B-PP
obvious JJ B-NP
risk NN I-NP
can MD B-VP
be VB I-VP
distressingly RB B-ADJP
high JJ I-ADJP
in IN B-PP
other JJ B-NP
, , I-NP
less RBR I-NP
obvious JJ I-NP
kinds NNS I-NP
. . O

U.S. NNP B-NP
Treasury NNP I-NP
bonds NNS I-NP
, , O
for IN B-PP
example NN B-NP
, , O
are VBP B-VP
supersafe NN B-NP
when WRB B-ADVP
it PRP B-NP
comes VBZ B-VP
to TO B-PP
returning VBG B-VP
money NN B-NP
at IN B-PP
maturity NN B-NP
. . O

But CC O
their PRP$ B-NP
value NN I-NP
as IN B-PP
investments NNS B-NP
can MD B-VP
be VB I-VP
decimated VBN I-VP
by IN B-PP
inflation NN B-NP
, , O
which WDT B-NP
erodes VBZ B-VP
the DT B-NP
purchasing VBG I-NP
power NN I-NP
of IN B-PP
bonds NNS B-NP
' POS B-NP
fixed-dollar JJ I-NP
interest NN I-NP
payments NNS I-NP
. . O

Risk NN B-NP
is VBZ B-VP
also RB B-ADVP
a DT B-NP
function NN I-NP
of IN B-PP
time NN B-NP
. . O

When WRB B-ADVP
financial JJ B-NP
professionals NNS I-NP
measure VBP B-VP
risk NN B-NP
mathematically RB B-ADVP
, , O
they PRP B-NP
usually RB B-ADVP
focus VBP B-VP
on IN B-PP
the DT B-NP
volatility NN I-NP
of IN B-PP
short-term JJ B-NP
returns NNS I-NP
. . O

Stocks NNS B-NP
are VBP B-VP
much RB B-ADJP
riskier JJR I-ADJP
than IN B-PP
Treasury NNP B-NP
bills NNS I-NP
, , O
for IN B-PP
example NN B-NP
, , O
because IN B-SBAR
the DT B-NP
range NN I-NP
in IN B-PP
performance NN B-NP
from IN B-PP
the DT B-NP
best JJS I-NP
years NNS I-NP
to TO B-PP
the DT B-NP
worst JJS I-NP
is VBZ B-VP
much RB B-ADJP
wider JJR I-ADJP
. . O

That DT B-NP
is VBZ B-VP
usually RB I-VP
measured VBN I-VP
by IN B-PP
the DT B-NP
standard JJ I-NP
deviation NN I-NP
, , O
or CC O
divergence NN B-NP
, , O
of IN B-PP
annual JJ B-NP
results NNS I-NP
from IN B-PP
the DT B-NP
average JJ I-NP
return NN I-NP
over IN B-PP
time NN B-NP
. . O

But CC O
investors NNS B-NP
who WP B-NP
are VBP B-VP
preoccupied VBN I-VP
with IN B-PP
short-term JJ B-NP
fluctuations NNS I-NP
may MD B-VP
be VB I-VP
paying VBG I-VP
too RB B-NP
little JJ I-NP
attention NN I-NP
to TO B-PP
another DT B-NP
big JJ I-NP
risk NN I-NP
-- : O
not RB O
generating VBG B-VP
enough JJ B-NP
money NN I-NP
to TO B-VP
meet VB I-VP
long-term JJ B-NP
financial JJ I-NP
and CC I-NP
life-style NN I-NP
goals NNS I-NP
. . O

For IN B-PP
instance NN B-NP
, , O
some DT B-NP
investors NNS I-NP
have VBP B-VP
sworn VBN I-VP
off IN B-PRT
stocks NNS B-NP
since IN B-PP
the DT B-NP
1987 CD I-NP
market NN I-NP
crash NN I-NP
; : O
last JJ B-NP
Friday NNP I-NP
's POS B-NP
debacle NN I-NP
only RB B-ADVP
reinforced VBD B-VP
those DT B-NP
feelings NNS I-NP
. . O

But CC O
the DT B-NP
stock NN I-NP
market NN I-NP
, , O
despite IN B-PP
some DT B-NP
stomach-churning JJ I-NP
declines NNS I-NP
, , O
has VBZ B-VP
far RB I-VP
outperformed VBN I-VP
other JJ B-NP
securities NNS I-NP
over IN B-PP
extended VBN B-NP
periods NNS I-NP
. . O

By IN B-PP
retreating VBG B-VP
to TO B-PP
the DT B-NP
apparent JJ I-NP
security NN I-NP
of IN B-PP
, , O
say VBP B-ADVP
, , O
money-market JJ B-NP
funds NNS I-NP
, , O
investors NNS B-NP
may MD B-VP
not RB I-VP
be VB I-VP
earning VBG I-VP
enough JJ B-NP
investment NN I-NP
return NN I-NP
to TO B-VP
pay VB I-VP
for IN B-PP
a DT B-NP
comfortable JJ I-NP
retirement NN I-NP
. . O

`` `` O
That DT B-NP
's VBZ B-VP
the DT B-NP
biggest JJS I-NP
risk NN I-NP
of IN B-PP
all DT B-NP
-- : O
the DT B-NP
risk NN I-NP
of IN B-PP
not RB O
meeting VBG B-VP
your PRP$ B-NP
objectives NNS I-NP
, , O
'' '' O
says VBZ B-VP
Steven NNP B-NP
B. NNP I-NP
Enright NNP I-NP
, , O
a DT B-NP
New NNP I-NP
York NNP I-NP
financial JJ I-NP
planner NN I-NP
with IN B-PP
Seidman NNP B-NP
Financial NNP I-NP
Services NNPS I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
financial JJ B-NP
advisers NNS I-NP
say VBP B-VP
they PRP B-NP
take VBP B-VP
several JJ B-NP
steps NNS I-NP
when WRB B-ADVP
evaluating VBG B-VP
the DT B-NP
riskiness NN I-NP
of IN B-PP
clients NNS B-NP
' POS B-NP
portfolios NNS I-NP
. . O

They PRP B-NP
estimate VBP B-VP
the DT B-NP
return NN I-NP
a DT B-NP
person NN I-NP
's POS B-NP
current JJ I-NP
portfolio NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
generate VB I-VP
over IN B-PP
time NN B-NP
, , O
along IN B-CONJP
with IN I-CONJP
a DT B-NP
standard JJ I-NP
deviation NN I-NP
that WDT B-NP
suggests VBZ B-VP
how WRB B-NP
much JJ I-NP
the DT B-NP
return NN I-NP
will MD B-VP
vary VB I-VP
year NN B-NP
by IN B-PP
year NN B-NP
. . O

They PRP B-NP
try VBP B-VP
to TO I-VP
figure VB I-VP
out RP B-PRT
the IN B-NP
long-term JJ I-NP
results NNS I-NP
the DT B-NP
person NN I-NP
needs VBZ B-VP
to TO B-VP
meet VB I-VP
major JJ B-NP
goals NNS I-NP
. . O

And CC O
they PRP B-NP
eyeball NN B-VP
types NNS B-NP
of IN B-PP
risk NN B-NP
that WDT B-NP
are VBP B-VP
not RB I-VP
easily RB I-VP
quantified VBN I-VP
. . O

The DT B-NP
portfolios NNS I-NP
of IN B-PP
two CD B-NP
hypothetical JJ I-NP
families NNS I-NP
, , O
one CD B-NP
a DT B-NP
couple NN I-NP
at IN B-PP
retirement NN B-NP
age NN I-NP
and CC O
another DT B-NP
a DT B-NP
two-income JJ I-NP
couple NN I-NP
at IN B-PP
age NN B-NP
45 CD I-NP
, , O
illustrate VB B-VP
several JJ B-NP
types NNS I-NP
of IN B-PP
risk NN B-NP
that IN B-NP
investors NNS B-NP
need VBP B-VP
to TO I-VP
consider VB I-VP
. . O

For IN B-PP
instance NN B-NP
, , O
the DT B-NP
insured VBN I-NP
municipal JJ I-NP
bonds NNS I-NP
that WDT B-NP
dominate VBP B-VP
the DT B-NP
older JJR I-NP
couple NN I-NP
's POS B-NP
portfolio NN I-NP
were VBD B-VP
probably RB I-VP
selected VBN I-VP
in IN B-PP
large JJ B-NP
part NN I-NP
for IN B-PP
their PRP$ B-NP
low JJ I-NP
repayment NN I-NP
risk NN I-NP
. . O

But CC O
they PRP B-NP
expose VBP B-VP
the DT B-NP
holders NNS I-NP
to TO B-PP
a DT B-NP
lot NN I-NP
of IN B-PP
inflation NN B-NP
risk NN I-NP
and CC O
interest-rate NN B-NP
risk NN I-NP
. . O

The DT B-NP
younger JJR I-NP
couple NN I-NP
's POS B-NP
stockholdings NNS I-NP
involve VBP B-VP
more JJR B-NP
risk NN I-NP
than IN B-PP
a DT B-NP
diversified JJ I-NP
stock NN I-NP
portfolio NN I-NP
because IN B-SBAR
the DT B-NP
bulk NN I-NP
of IN B-PP
the DT B-NP
money NN I-NP
is VBZ B-VP
in IN B-PP
a DT B-NP
single JJ I-NP
issue NN I-NP
. . O

Note VB B-VP
that IN B-SBAR
the DT B-NP
younger JJR I-NP
couple NN I-NP
's POS B-NP
portfolio NN I-NP
has VBZ B-VP
a DT B-NP
higher JJR I-NP
expected VBN I-NP
annual JJ I-NP
return NN I-NP
, , O
10.1 CD B-NP
% NN I-NP
vs. IN O
8.8 CD B-NP
% NN I-NP
, , O
as IN B-SBAR
calculated VBN B-VP
by IN B-PP
Seidman NNP B-NP
Financial NNP I-NP
Services NNPS I-NP
, , O
which WDT B-NP
is VBZ B-VP
the DT B-NP
financial-planning JJ I-NP
affiliate NN I-NP
of IN B-PP
BDO NNP B-NP
Seidman NNP I-NP
. . O

That DT B-NP
largely RB B-VP
reflects VBZ I-VP
the DT B-NP
heavy JJ I-NP
stockholdings NNS I-NP
. . O

But CC O
one CD B-NP
price NN I-NP
paid VBN B-VP
for IN B-PP
the DT B-NP
higher JJR I-NP
expected VBN I-NP
return NN I-NP
is VBZ B-VP
greater RBR B-NP
short-term JJ I-NP
volatility NN I-NP
, , O
as IN B-SBAR
reflected VBN B-VP
in IN B-PP
the DT B-NP
higher JJR I-NP
standard JJ I-NP
deviation NN I-NP
that IN B-NP
Seidman NNP B-NP
estimates NNS B-VP
for IN B-PP
the DT B-NP
younger JJR I-NP
couple NN I-NP
's POS B-NP
portfolio NN I-NP
. . O

-LRB- ( O
Here RB B-ADVP
's POS B-VP
how WRB B-ADVP
to TO B-VP
interpret VB I-VP
a DT B-NP
standard JJ I-NP
deviation NN I-NP
figure NN I-NP
: : O
Take VB B-VP
the DT B-NP
expected VBN I-NP
return NN I-NP
and CC O
add VB B-VP
one CD B-NP
standard JJ I-NP
deviation NN I-NP
to TO B-PP
it PRP B-NP
. . O

Then RB O
take VB B-VP
the DT B-NP
expected VBN I-NP
return NN I-NP
and CC O
subtract VB B-VP
one CD B-NP
standard JJ I-NP
deviation NN I-NP
. . O

In IN B-PP
two CD B-NP
of IN I-NP
three CD I-NP
years NNS I-NP
, , O
the DT B-NP
actual JJ I-NP
result NN I-NP
should MD B-VP
fall VB I-VP
within IN B-PP
that DT B-NP
range NN I-NP
if IN B-SBAR
all PDT B-NP
the DT I-NP
assumptions NNS I-NP
were VBD B-VP
accurate JJ B-ADJP
. . O

Then RB O
add VB B-VP
and CC I-VP
subtract VB I-VP
two CD B-NP
standard JJ I-NP
deviations NNS I-NP
to TO B-VP
get VB I-VP
a DT B-NP
wider JJR I-NP
range NN I-NP
. . O

There EX B-NP
's VBZ B-VP
a DT B-NP
95 CD I-NP
% NN I-NP
probability NN I-NP
any DT B-NP
year NN I-NP
's POS B-NP
result NN I-NP
will MD B-VP
fall VB I-VP
in IN B-PP
the DT B-NP
range NN I-NP
. . O
-RRB- ) O

Of IN B-PP
course NN B-NP
, , O
the DT B-NP
greater JJR I-NP
volatility NN I-NP
of IN B-PP
the DT B-NP
younger JJR I-NP
couple NN I-NP
's POS B-NP
portfolio NN I-NP
does VBZ B-VP
n't RB I-VP
necessarily RB I-VP
mean VB I-VP
those DT B-NP
investments NNS I-NP
are VBP B-VP
riskier JJR B-ADJP
in IN B-PP
terms NNS B-NP
of IN B-PP
meeting VBG B-VP
the DT B-NP
holders NNS I-NP
' POS B-NP
long-term JJ I-NP
goals NNS I-NP
. . O

Indeed RB B-ADVP
, , O
the DT B-NP
older JJR I-NP
couple NN I-NP
's POS B-NP
portfolio NN I-NP
could MD B-VP
actually RB I-VP
be VB I-VP
riskier JJR B-ADJP
in IN B-PP
that DT B-NP
sense NN I-NP
if IN B-SBAR
the DT B-NP
expected VBN I-NP
return NN I-NP
wo MD B-VP
n't RB I-VP
generate VB I-VP
enough JJ B-NP
dollars NNS I-NP
to TO B-VP
meet VB I-VP
their PRP$ B-NP
spending NN I-NP
plans NNS I-NP
. . O

`` `` O
They PRP B-NP
may MD B-VP
feel VB I-VP
emotionally RB B-ADJP
secure VB I-ADJP
now RB B-ADVP
because IN B-SBAR
they PRP B-NP
are VBP B-VP
not RB O
heavily RB B-ADVP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
, , O
'' '' O
says VBZ B-VP
John NNP B-NP
H. NNP I-NP
Cammack NNP I-NP
, , O
a DT B-NP
financial JJ I-NP
planner NN I-NP
with IN B-PP
Alexandra NNP B-NP
Armstrong NNP I-NP
Advisors NNP I-NP
Inc. NNP I-NP
in IN B-PP
Washington NNP B-NP
. . O

`` `` O
But CC O
they PRP B-NP
may MD B-VP
pay VB I-VP
a DT B-NP
price NN I-NP
10 CD B-NP
or CC I-NP
20 CD I-NP
years NNS I-NP
in IN B-PP
the DT B-NP
future NN I-NP
. . O
'' '' O

Ms. NNP B-NP
Slater NNP I-NP
reports NNS B-VP
on IN B-PP
personal JJ B-NP
finance NN I-NP
from IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
New NNP I-NP
York NNP I-NP
bureau NN I-NP
. . O

When WRB B-ADVP
it PRP B-NP
comes VBZ B-VP
to TO B-PP
investing VBG B-NP
, , O
trying VBG B-VP
to TO I-VP
weigh VB I-VP
risk NN B-NP
and CC I-NP
reward NN I-NP
can MD B-VP
seem VB I-VP
like IN B-PP
throwing VBG B-VP
darts NN B-NP
blindfolded VBN B-ADVP
: : O
Investors NNS B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
the DT B-NP
actual JJ I-NP
returns NNS I-NP
that IN B-NP
securities NNS B-NP
will MD B-VP
deliver VB I-VP
, , O
or CC O
the DT B-NP
ups NNS I-NP
and CC I-NP
downs NNS I-NP
that WDT B-NP
will MD B-VP
occur VB I-VP
along IN B-PP
the DT B-NP
way NN I-NP
. . O

Looking VBG B-VP
to TO B-PP
the DT B-NP
past NN I-NP
can MD B-VP
provide VB I-VP
some DT B-NP
clues NNS I-NP
. . O

Over IN B-PP
several JJ B-NP
decades NNS I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
investors NNS B-NP
who WP B-NP
put VBP B-VP
up IN B-PRT
with IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
's POS B-NP
gyrations NNS I-NP
earned VBD B-VP
returns NNS B-NP
far RB B-ADVP
in IN B-PP
excess NN B-NP
of IN B-PP
those DT B-NP
on IN B-PP
bonds NNS B-NP
and CC O
`` `` B-NP
cash NN I-NP
'' '' I-NP
investments NNS I-NP
like IN B-PP
Treasury NNP B-NP
bills NNS I-NP
. . O

But CC O
while IN B-SBAR
history NN B-NP
can MD B-VP
suggest VB I-VP
what WP B-NP
is VBZ B-VP
reasonable JJ B-ADJP
to TO B-VP
expect VB I-VP
there EX B-NP
's VBZ B-VP
no DT B-NP
guarantee NN I-NP
that IN B-SBAR
the DT B-NP
past NN I-NP
will MD B-VP
repeat VB I-VP
itself PRP B-NP
. . O

For IN B-PP
instance NN B-NP
, , O
some DT B-NP
analysts NNS I-NP
believe VBP B-VP
bond NN B-NP
returns NNS I-NP
and CC I-NP
volatility NN I-NP
have VBP B-VP
moved VBN I-VP
permanently RB B-ADJP
closer JJR I-ADJP
to TO B-PP
those DT B-NP
of IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O

And CC O
returns NNS B-NP
on IN B-PP
cash NN B-NP
investments NNS I-NP
may MD B-VP
continue VB I-VP
to TO I-VP
exceed VB I-VP
inflation NN B-NP
by IN B-PP
a DT B-NP
wider JJR I-NP
margin NN I-NP
than IN B-SBAR
they PRP B-NP
did VBD B-VP
over IN B-PP
the DT B-NP
long-term JJ I-NP
past NN I-NP
. . O

Portfolio NNP B-NP
A DT I-NP
: : O
Retired NNP B-NP
couple NN I-NP
, , O
age NN B-NP
65 CD I-NP
; : O
$ $ B-NP
400,000 CD I-NP
portfolio NN I-NP
. . O

Portfolio NNP B-NP
B NNP I-NP
: : O
Two-income NN B-NP
couple NN I-NP
, , O
age NN B-NP
45 CD I-NP
; : O
$ $ B-NP
150,000 CD I-NP
portfolio NN I-NP
. . O

A DT B-NP
letter NN I-NP
from IN B-PP
Senator NNP B-NP
John NNP I-NP
Kerry NNP I-NP
chides VBZ B-VP
us PRP B-NP
today NN B-NP
for IN B-PP
implying VBG B-VP
that IN B-SBAR
he PRP B-NP
had VBD B-VP
`` `` I-VP
flip-flopped JJ I-VP
'' '' O
on IN B-PP
Manuel NNP B-NP
Noriega NNP I-NP
. . O

He PRP B-NP
correctly RB B-VP
says VBZ I-VP
he PRP B-NP
has VBZ B-VP
been VBN I-VP
down RB B-ADJP
on IN B-PP
Noriega NNP B-NP
for IN B-PP
some DT B-NP
time NN I-NP
, , O
hence RB B-ADVP
his PRP$ B-NP
criticism NN I-NP
of IN B-PP
administration NN B-NP
mishandling VBG I-NP
of IN B-PP
the DT B-NP
attempted VBN I-NP
coup NN I-NP
. . O

Our PRP$ B-NP
October NNP I-NP
12 CD I-NP
editorial NN I-NP
should MD B-VP
have VB I-VP
been VBN I-VP
more RBR B-ADJP
precise JJ I-ADJP
. . O

It PRP B-NP
meant VBD B-VP
to TO I-VP
convey VB I-VP
our PRP$ B-NP
hope NN I-NP
that IN B-SBAR
the DT B-NP
Senator NNP I-NP
and CC O
other JJ B-NP
members NNS I-NP
of IN B-PP
the DT B-NP
congressional JJ I-NP
left VBN I-NP
are VBP B-VP
broadening VBG I-VP
their PRP$ B-NP
dislike NN I-NP
of IN B-PP
Noriega NNP B-NP
to TO B-VP
include VB I-VP
other JJ B-NP
notorious JJ I-NP
Central NNP I-NP
American JJ I-NP
drug NN I-NP
runners NNS I-NP
. . O

The DT B-NP
Sandinistas NNPS I-NP
of IN B-PP
Nicaragua NNP B-NP
, , O
for IN B-PP
example NN B-NP
, , O
also RB B-ADVP
are VBP B-VP
part NN B-NP
of IN B-PP
the DT B-NP
Castro-Medellin NNP I-NP
cartel NN I-NP
nexus NN I-NP
. . O

In IN B-PP
his PRP$ B-NP
letter NN I-NP
and CC B-PP
on IN B-PP
the DT B-NP
basis NN I-NP
of IN B-PP
his PRP$ B-NP
losing NN I-NP
vote NN I-NP
Tuesday NNP B-NP
against IN B-PP
U.S. NNP B-NP
aid NN I-NP
for IN B-PP
the DT B-NP
Nicaraguan JJ I-NP
opposition NN I-NP
, , O
Senator NNP B-NP
Kerry NNP I-NP
makes VBZ B-VP
clear JJ B-ADJP
he PRP B-NP
has VBZ B-VP
not RB I-VP
made VBN I-VP
that IN B-NP
intellectual JJ I-NP
leap NN I-NP
. . O

We PRP B-NP
were VBD B-VP
wrong JJ B-ADJP
. . O

THROUGHOUT IN B-PP
THE DT B-NP
1980s CD I-NP
, , O
investors NNS B-NP
have VBP B-VP
been VBN I-VP
looking VBG I-VP
for IN B-PP
creative JJ B-NP
alternatives NNS I-NP
to TO B-PP
traditional JJ B-NP
modes NNS I-NP
of IN B-PP
financial JJ B-NP
planning NN I-NP
. . O

Capital NNP B-NP
has VBZ B-VP
been VBN I-VP
democratized VBN I-VP
, , O
and CC O
people NNS B-NP
want VBP B-VP
in RB B-PRT
. . O

Too RB B-ADVP
often RB I-ADVP
, , O
however RB B-ADVP
, , O
small JJ B-NP
investors NNS I-NP
are VBP B-VP
left VBN I-VP
with IN B-PP
the DT B-NP
same JJ I-NP
stale JJ I-NP
solutions NNS I-NP
that WDT B-NP
appealed VBD B-VP
to TO B-PP
previous JJ B-NP
generations NNS I-NP
of IN B-PP
fiduciary JJ B-NP
strategists NNS I-NP
. . O

Now RB B-ADVP
a DT B-NP
startling JJ I-NP
new JJ I-NP
approach NN I-NP
is VBZ B-VP
available JJ B-ADJP
to TO B-PP
building VBG B-VP
your PRP$ B-NP
financial JJ I-NP
portfolio NN I-NP
without IN B-PP
undue JJ B-NP
risk NN I-NP
, , O
without IN B-PP
extensive JJ B-NP
planning NN I-NP
and CC B-PP
without IN B-PP
hurting VBG B-VP
your PRP$ B-NP
life NN I-NP
style NN I-NP
one CD B-NP
bit NN I-NP
! . O

This DT B-NP
is VBZ B-VP
particularly RB B-NP
good JJ I-NP
news NN I-NP
for IN B-PP
those DT B-NP
who WP B-NP
hate VBP B-VP
risk NN B-NP
, , O
who WP B-NP
are VBP B-VP
incapable NN B-ADJP
of IN B-PP
doing VBG B-VP
extensive JJ B-NP
amounts NNS I-NP
of IN B-PP
planning NN B-NP
and CC O
who WP B-NP
refuse VBP B-VP
to TO I-VP
see VB I-VP
their PRP$ B-NP
life NN I-NP
styles NNS I-NP
hurt VBN B-VP
in IN B-PP
any DT B-NP
way NN I-NP
. . O

You PRP B-NP
know VBP B-VP
who WP B-NP
you PRP B-NP
are VBP B-VP
. . O

My PRP$ B-NP
revolutionary JJ I-NP
system NN I-NP
is VBZ B-VP
also RB B-ADVP
useful JJ B-ADJP
for IN B-PP
those DT B-NP
who WP B-NP
have VBP B-VP
tried VBN I-VP
customary JJ B-NP
forms NNS I-NP
of IN B-PP
growing VBG B-VP
their PRP$ B-NP
currency NN I-NP
cushion NN I-NP
. . O

Like IN B-PP
all DT B-NP
Americans NNPS I-NP
seeking VBG B-VP
chronic JJ B-NP
prosperity NN I-NP
, , O
I PRP B-NP
do VBP B-VP
find VB I-VP
it PRP B-NP
necessary JJ B-ADJP
to TO B-VP
plunge VB I-VP
certain JJ B-NP
funds NNS I-NP
into IN B-PP
conservative JJ B-NP
monetary JJ I-NP
tools NNS I-NP
, , O
if IN B-SBAR
only RB O
to TO B-VP
assuage VB I-VP
my PRP$ B-NP
father-in-law NN I-NP
, , O
who WP B-NP
believes VBZ B-VP
in IN B-PP
such JJ B-NP
things NNS I-NP
. . O

So RB O
throughout IN B-PP
the DT B-NP
decade NN I-NP
I PRP B-NP
have VBP B-VP
maintained VBN I-VP
my PRP$ B-NP
share NN I-NP
of IN B-PP
individual JJ B-NP
retirement NN I-NP
accounts NNS I-NP
and CC O
CDs NNS B-NP
, , O
and CC O
tinkered VBN B-VP
with IN B-PP
stocks NNS B-NP
, , O
bonds NNS B-NP
and CC O
mutual JJ B-NP
funds NNS I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
preserving VBG B-VP
my PRP$ B-NP
necessary JJ I-NP
position NN I-NP
in IN B-PP
the DT B-NP
residential JJ I-NP
real-estate NN I-NP
market NN I-NP
. . O

Return NN B-NP
on IN B-PP
this DT B-NP
fine JJ I-NP
portfolio NN I-NP
has VBZ B-VP
been VBN I-VP
modest JJ B-ADJP
when WRB B-ADVP
it PRP B-NP
has VBZ B-VP
not RB I-VP
been VBN I-VP
negative JJ B-ADJP
. . O

Figure NN B-NP
1 CD I-NP
demonstrates VBZ B-VP
the DT B-NP
performance NN I-NP
of IN B-PP
those DT B-NP
businesses NNS I-NP
I PRP B-NP
've VBP B-VP
invested VBN I-VP
in IN B-PP
during IN B-PP
this DT B-NP
prosperous JJ I-NP
decade NN I-NP
-LRB- ( O
see VB B-VP
accompanying VBG B-NP
illustration NN I-NP
-- : O
WSJ NNP B-NP
Oct. NNP I-NP
20 CD I-NP
, , I-NP
1989 CD I-NP
-RRB- ) O
. . O

Oil-related JJ B-NP
properties NNS I-NP
suffered VBD B-VP
a DT B-NP
huge JJ I-NP
decline NN I-NP
until IN B-SBAR
I PRP B-NP
divested VBD B-VP
myself PRP B-NP
of IN B-PP
all DT B-NP
such JJ I-NP
stocks NNS I-NP
in IN B-PP
1985 CD B-NP
, , O
at IN B-PP
which WDT B-NP
point VBP I-NP
the DT B-NP
industry NN I-NP
, , O
while IN B-SBAR
not RB O
lighting VBG B-VP
up IN B-PRT
any DT B-NP
Christmas NNP I-NP
trees NNS I-NP
, , O
began VBD B-VP
a DT B-NP
slow JJ I-NP
recovery NN I-NP
. . O

Likewise RB B-ADVP
, , O
mutual JJ B-NP
funds NNS I-NP
remained VBD B-VP
relatively RB B-ADJP
flat JJ I-ADJP
until IN B-SBAR
I PRP B-NP
made VBD B-VP
what WP B-NP
was VBD B-VP
, , O
for IN B-PP
me PRP B-NP
, , O
a DT B-NP
serious JJ I-NP
investment NN I-NP
. . O

By IN B-PP
1987 CD B-NP
, , O
these DT B-NP
properties NNS I-NP
were VBD B-VP
in IN B-PP
a DT B-NP
tailspin NN I-NP
, , O
causing VBG B-VP
my PRP$ B-NP
broker NN I-NP
at IN B-PP
Pru-Bache NNP B-NP
to TO B-VP
remark VB I-VP
that IN B-SBAR
she PRP B-NP
'd MD B-VP
`` `` O
never RB B-ADVP
seen VBN B-VP
anything NN B-NP
like IN B-PP
it PRP B-NP
. . O
'' '' O

Concerned NNP B-ADJP
for IN B-PP
her PRP$ B-NP
state NN I-NP
of IN B-PP
mind NN B-NP
, , O
I PRP B-NP
dropped VBD B-VP
them PRP B-NP
-- : O
and CC O
the DT B-NP
market NN I-NP
instantly RB B-ADVP
began VBD B-VP
its PRP$ B-NP
steady JJ I-NP
climb NN I-NP
back RB B-ADVP
to TO B-PP
health NN B-NP
. . O

Perhaps RB B-ADVP
most RBS B-ADJP
dramatic JJ I-ADJP
was VBD B-VP
the DT B-NP
performance NN I-NP
of IN B-PP
the DT B-NP
metropolitan JJ I-NP
New NNP I-NP
York NNP I-NP
real-estate NN I-NP
market NN I-NP
, , O
which WDT B-NP
was VBD B-VP
booming JJ I-VP
until IN B-SBAR
I PRP B-NP
entered VBD B-VP
it PRP B-NP
in IN B-PP
late JJ B-NP
1988 CD I-NP
, , O
at IN B-PP
which WDT B-NP
time NN I-NP
it PRP B-NP
posted VBD B-VP
the DT B-NP
first JJ I-NP
negative JJ I-NP
compound NN I-NP
annual JJ I-NP
growth NN I-NP
rate NN I-NP
in IN B-PP
years NNS B-NP
. . O

Disgusted VBN B-ADJP
, , O
I PRP B-NP
cast VBP B-VP
around IN B-PRT
for IN B-PP
a DT B-NP
different JJ I-NP
way NN I-NP
to TO B-VP
plan VB I-VP
my PRP$ B-NP
asset NN I-NP
distribution NN I-NP
, , O
and CC O
with IN B-PP
hardly RB B-NP
any DT I-NP
heavy JJ I-NP
breathing VBG I-NP
the DT B-NP
answer NN I-NP
struck VBD B-VP
me PRP B-NP
: : O
I PRP B-NP
was VBD B-VP
doing VBG I-VP
it PRP B-NP
already RB B-ADVP
! . O

We PRP B-NP
've VBP B-VP
all DT O
got VBN B-VP
money NN B-NP
to TO B-VP
spend VB I-VP
, , O
some DT B-NP
of IN B-PP
it PRP B-NP
clearly RB B-ADJP
disposable JJ I-ADJP
since IN B-SBAR
we PRP B-NP
keep VBP B-VP
disposing VBG I-VP
of IN B-PP
it PRP B-NP
. . O

Bank NNP B-VP
it PRP B-NP
? . O

Not RB B-ADVP
really RB I-ADVP
! . O

Sock VB B-VP
it PRP B-NP
away RB B-ADVP
in IN B-PP
long-term JJ B-NP
instruments NNS I-NP
? . O

Nonsense NN B-NP
! . O

Daily NNP B-NP
living VBG I-NP
is VBZ B-VP
the DT B-NP
best JJS I-NP
possible JJ I-NP
investment NN I-NP
! . O

Your PRP$ B-NP
priorities NNS I-NP
may MD B-VP
be VB I-VP
different JJ B-ADJP
, , O
but CC O
here RB B-ADVP
in IN B-PP
Figure NN B-NP
2 CD I-NP
is VBZ B-VP
where WRB B-ADVP
I PRP B-NP
've VBP B-VP
chosen VBN I-VP
to TO I-VP
build VB I-VP
for IN B-PP
the DT B-NP
future NN I-NP
: : O
personal JJ B-NP
space NN I-NP
; : O
automotive JJ B-NP
pursuits NNS I-NP
; : O
children NNS B-NP
's POS B-NP
toys NNS I-NP
; : O
gardening NN B-NP
equipment NN I-NP
, , O
bulbs NNS B-NP
and CC I-NP
shrubs NNS I-NP
; : O
and CC O
finally RB B-ADVP
, , O
entertainment NN B-NP
, , O
perhaps RB B-ADVP
the DT B-NP
best JJS I-NP
investment NN I-NP
of IN B-PP
all DT B-NP
. . O

All DT B-NP
have NN B-VP
paid VBN I-VP
off IN B-PRT
for IN B-PP
me PRP B-NP
in IN B-PP
double-digit JJ B-NP
annual JJ I-NP
growth NN I-NP
and CC O
continue VB B-VP
to TO I-VP
provide VB I-VP
significant JJ B-NP
potential NN I-NP
. . O

At IN B-ADVP
least JJS I-ADVP
, , O
according VBG B-PP
to TO B-PP
my PRP$ B-NP
calculations NNS I-NP
. . O

Personal JJ B-NP
space NN I-NP
-LRB- ( O
Figure NN B-NP
3 CD I-NP
-RRB- ) O
has VBZ B-VP
grown VBN I-VP
35 CD B-NP
% NN I-NP
annually RB B-ADVP
over IN B-PP
the DT B-NP
course NN I-NP
of IN B-PP
the DT B-NP
decade NN I-NP
, , O
a DT B-NP
performance NN I-NP
that WDT B-NP
would MD B-VP
compare VB I-VP
positively RB B-ADVP
with IN B-PP
an DT B-NP
investment NN I-NP
in IN B-PP
, , O
say VBP B-ADVP
, , O
synthetic-leather JJ B-NP
products NNS I-NP
for IN B-PP
the DT B-NP
interiors NNS I-NP
of IN B-PP
cold-weather JJ B-NP
vehicles NNS I-NP
, , O
which WDT B-NP
my PRP$ B-NP
cousin NN I-NP
got VBD B-VP
into IN B-PP
and CC O
sort NN B-VP
of IN I-VP
regrets VBZ I-VP
to TO B-PP
this DT B-NP
day NN I-NP
. . O

The DT B-NP
assortment NN I-NP
of IN B-PP
expensive JJ B-NP
children NNS I-NP
's POS B-NP
toys NNS I-NP
that IN B-NP
I PRP B-NP
have VBP B-VP
purchased VBN I-VP
wisely RB B-ADVP
at IN B-PP
a DT B-NP
host NN I-NP
of IN B-PP
discount-toy JJ B-NP
brokerage NN I-NP
firms NNS I-NP
-LRB- ( O
Figure NN B-NP
4 CD I-NP
-RRB- ) O
has VBZ B-VP
increased VBN I-VP
handsomely RB B-ADVP
in IN B-PP
total JJ B-NP
asset NN I-NP
value NN I-NP
far RB B-ADVP
beyond IN B-PP
any DT B-NP
personal JJ I-NP
investment NN I-NP
except IN B-PP
, , O
perhaps RB B-ADVP
, , O
for IN B-PP
my PRP$ B-NP
record NN I-NP
collection NN I-NP
, , O
whose WP$ B-NP
worth JJ I-NP
, , O
I PRP B-NP
think VBP B-VP
it PRP B-NP
's VBZ B-VP
safe JJ B-ADJP
to TO B-VP
say VB I-VP
, , O
is VBZ B-VP
incalculable JJ B-ADJP
. . O

Continued VBN B-NP
investment NN I-NP
in IN B-PP
my PRP$ B-NP
1984 CD I-NP
subcompact NN I-NP
has VBZ B-VP
been VBN I-VP
part NN B-NP
of IN B-PP
my PRP$ B-NP
strategy NN I-NP
-LRB- ( O
Figure NN B-NP
5 NN I-NP
-RRB- ) O
, , O
with IN B-PP
present JJ B-NP
annual JJ I-NP
contributions NNS I-NP
now RB B-ADVP
equaling VBG B-VP
more JJR B-NP
than IN I-NP
60 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
car NN I-NP
's POS B-NP
original JJ I-NP
value NN I-NP
. . O

According VBG B-PP
to TO B-PP
my PRP$ B-NP
calculations NNS I-NP
, , O
these DT B-NP
outlays NNS I-NP
should MD B-VP
have VB I-VP
brought VBN I-VP
the DT B-NP
value NN I-NP
of IN B-PP
my PRP$ B-NP
sedan NN I-NP
to TO B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
22,000 CD I-NP
on IN B-PP
the DT B-NP
open JJ I-NP
market NN I-NP
-LRB- ( O
Figure NN B-NP
6 CD I-NP
-RRB- ) O
, , O
where WRB B-ADVP
I PRP B-NP
plan VBP B-VP
to TO I-VP
offer VB I-VP
it PRP B-NP
shortly RB B-ADVP
. . O

Expansion NN B-NP
of IN B-PP
my PRP$ B-NP
living NN I-NP
space NN I-NP
has VBZ B-VP
produced VBN I-VP
an DT B-NP
obvious JJ I-NP
need NN I-NP
for IN B-PP
maintenance NN B-NP
and CC I-NP
construction NN I-NP
of IN B-PP
suitable JJ B-NP
lawns NNS I-NP
, , I-NP
shrubs NNS I-NP
and CC I-NP
bushes NNS I-NP
fitting JJ B-ADJP
to TO B-PP
its PRP$ B-NP
suburban JJ I-NP
locale NN I-NP
. . O

I PRP B-NP
have VBP B-VP
thus RB I-VP
committed VBN I-VP
sufficient JJ B-NP
personal JJ I-NP
outlay NN I-NP
to TO B-VP
ensure VB I-VP
that IN B-SBAR
my PRP$ B-NP
grounds NNS I-NP
and CC I-NP
lodgings NNS I-NP
will MD B-VP
never RB I-VP
be VB I-VP
short NN B-ADJP
of IN B-PP
greens NNS B-NP
and CC I-NP
flowers NNS I-NP
. . O

My PRP$ B-NP
initial JJ I-NP
stake NN I-NP
in IN B-PP
this DT B-NP
blooming VBG I-NP
enterprise NN I-NP
has VBZ B-VP
grown VBN I-VP
tenfold RB B-ADVP
, , O
according VBG B-PP
to TO B-PP
my PRP$ B-NP
conservative JJ I-NP
calculations NNS I-NP
. . O

At IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
my PRP$ B-NP
share NN I-NP
in IN B-PP
a DT B-NP
wide JJ I-NP
variety NN I-NP
of IN B-PP
entertainment NN B-NP
pursuits NNS I-NP
has VBZ B-VP
given VBN I-VP
perhaps RB B-NP
the DT I-NP
most RBS I-NP
dramatic JJ I-NP
demonstration NN I-NP
of IN B-PP
the DT B-NP
benefits NNS I-NP
of IN B-PP
creative JJ B-NP
personal JJ I-NP
financial JJ I-NP
planning NN I-NP
. . O

Over IN B-PP
the DT B-NP
course NN I-NP
of IN B-PP
the DT B-NP
decade NN I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
my PRP$ B-NP
return NN I-NP
on IN B-PP
investment NN B-NP
in IN B-PP
the DT B-NP
area NN I-NP
of IN B-PP
poker NN B-NP
alone RB B-ADVP
-LRB- ( O
Figures NNS B-NP
7A CD I-NP
and CC I-NP
7B CD I-NP
-RRB- ) O
has VBZ B-VP
been VBN I-VP
most RBS B-ADJP
impressive JJ I-ADJP
, , O
showing VBG B-VP
bodacious JJ B-NP
annual JJ I-NP
expansion NN I-NP
with IN B-PP
-- : O
given VBN B-PP
the DT B-NP
way NN I-NP
my PRP$ B-NP
associates NNS I-NP
play VBP B-VP
-- : O
no DT B-NP
sign NN I-NP
of IN B-PP
abatement NN B-NP
into IN B-PP
the DT B-NP
1990s CD I-NP
and CC O
beyond RB B-ADVP
. . O

With IN B-PP
this DT B-NP
personal JJ I-NP
strategy NN I-NP
firmly RB B-ADVP
in IN B-PP
place NN B-NP
, , O
I PRP B-NP
look VBP B-VP
forward RB B-ADVP
to TO B-PP
years NNS B-NP
of IN B-PP
fine JJ B-NP
life-style NN I-NP
investments NNS I-NP
and CC O
increasing VBG B-NP
widespread JJ I-NP
leverage NN I-NP
. . O

My PRP$ B-NP
kids NNS I-NP
' POS B-NP
college NN I-NP
education NN I-NP
looms VBZ B-VP
as IN B-PP
perhaps RB B-NP
the DT I-NP
greatest JJS I-NP
future NN I-NP
opportunity NN I-NP
for IN B-PP
spending NN B-NP
, , O
although IN B-SBAR
I PRP B-NP
'll MD B-VP
probably RB I-VP
have VB I-VP
to TO I-VP
cash VB I-VP
in IN B-PRT
their PRP$ B-NP
toy NN I-NP
portfolio NN I-NP
to TO B-VP
take VB I-VP
advantage NN B-NP
of IN B-PP
it PRP B-NP
. . O

But CC O
with IN B-PP
every DT B-NP
step NN I-NP
I PRP B-NP
take VBP B-VP
, , O
I PRP B-NP
'm VBP B-VP
building VBG I-VP
wealth NN B-NP
. . O

You PRP B-NP
can MD B-VP
, , O
too RB B-ADVP
, , O
if IN B-SBAR
you PRP B-NP
, , O
like IN B-PP
me PRP B-NP
, , O
refuse VB B-VP
to TO I-VP
bite VB I-VP
the DT B-NP
bullet NN I-NP
. . O

So RB O
go VB B-VP
out IN B-ADVP
there EX I-ADVP
and CC O
eat VB B-VP
that DT B-NP
debt NN I-NP
. . O

You PRP B-NP
're VBP B-VP
right NN B-NP
there RB I-NP
in IN B-PP
the DT B-NP
mainstream NN I-NP
of IN B-PP
American JJ B-NP
business NN I-NP
, , O
building NN B-VP
value NN B-NP
on IN B-PP
the DT B-NP
back RB I-NP
of IN B-PP
insupportable JJ B-NP
expenditures NNS I-NP
. . O

Henry NNP B-NP
Kravis NNP I-NP
, , O
watch VB B-VP
out RB B-PRT
! . O

Mr. NNP B-NP
Schwartz NNP I-NP
is VBZ B-VP
a DT B-NP
business NN I-NP
executive NN I-NP
and CC I-NP
writer NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

WHEN WRB B-ADVP
JAMES NNP B-NP
SCHWARTZ NNP I-NP
was VBD B-VP
just RB B-NP
a DT I-NP
lad NN I-NP
his PRP$ B-NP
father NN I-NP
gave VBD B-VP
him PRP B-NP
a DT B-NP
piece NN I-NP
of IN B-PP
career NN B-NP
advice NN I-NP
. . O

`` `` O
He PRP B-NP
told VBD B-VP
me PRP B-NP
to TO B-VP
choose VB I-VP
an DT B-NP
area NN I-NP
where WRB B-ADVP
just RB B-ADVP
by IN B-PP
being VBG B-VP
mediocre JJ B-ADJP
I PRP B-NP
could MD B-VP
be VB I-VP
great JJ B-ADJP
, , O
'' '' O
recalls VBZ B-VP
Mr. NNP B-NP
Schwartz NNP I-NP
, , O
now RB B-ADVP
40 CD B-NP
. . O

He PRP B-NP
tried VBD B-VP
management NN B-NP
consulting NN I-NP
, , O
traded VBN B-VP
in IN B-PP
turquoise JJ B-NP
for IN B-PP
a DT B-NP
while NN I-NP
, , O
and CC O
even RB B-ADVP
managed VBD B-VP
professional JJ B-NP
wrestlers NNS I-NP
. . O

Now RB B-ADVP
he PRP B-NP
has VBZ B-VP
settled VBN I-VP
into IN B-PP
a DT B-NP
career NN I-NP
that WDT B-NP
fits VBZ B-VP
the DT B-NP
bill NN I-NP
-- : O
financial JJ B-NP
planning NN I-NP
. . O

It PRP B-NP
should MD B-VP
be VB I-VP
noted VBN I-VP
that IN B-SBAR
Mr. NNP B-NP
Schwartz NNP I-NP
, , O
who WP B-NP
operates VBZ B-VP
out IN B-ADVP
of IN B-PP
Englewood NNP B-NP
, , O
Colo. NNP B-NP
, , O
is VBZ B-VP
a DT B-NP
puckish JJ I-NP
sort NN I-NP
who WP B-NP
likes VBZ B-VP
to TO I-VP
give VB I-VP
his PRP$ B-NP
colleagues NNS I-NP
the DT B-NP
needle NN I-NP
. . O

But CC O
in IN B-PP
this DT B-NP
case NN I-NP
the DT B-NP
needle NN I-NP
has VBZ B-VP
a DT B-NP
very RB I-NP
sharp JJ I-NP
point NN I-NP
. . O

Though IN B-SBAR
it PRP B-NP
's VBZ B-VP
probably RB B-ADVP
safe JJ B-ADJP
to TO B-VP
assume VB I-VP
that IN B-SBAR
the DT B-NP
majority NN I-NP
of IN B-PP
financial JJ B-NP
planners NNS I-NP
are VBP B-VP
honest JJ B-ADJP
and CC B-ADJP
even RB I-ADJP
reasonably RB B-ADJP
competent JJ I-ADJP
, , O
the DT B-NP
fact NN I-NP
remains VBZ B-VP
that IN B-SBAR
, , O
as IN B-SBAR
one CD B-NP
wag NN I-NP
puts VBZ B-VP
it PRP B-NP
, , O
`` `` O
anybody NN B-NP
who WP B-NP
can MD B-VP
fog VB I-VP
a DT B-NP
mirror NN I-NP
'' '' O
can MD B-VP
call VB I-VP
himself PRP B-NP
a DT B-NP
financial JJ I-NP
planner NN I-NP
. . O

Planners NNS B-NP
now JJ B-ADVP
influence NN B-VP
the DT B-NP
investment NN I-NP
of IN B-PP
several JJ B-NP
hundred CD I-NP
billion CD I-NP
dollars NNS I-NP
, , O
but CC O
in IN B-PP
effect NN B-NP
they PRP B-NP
operate VBP B-VP
in IN B-PP
the DT B-NP
dark NN I-NP
. . O

There EX B-NP
is VBZ B-VP
no DT B-NP
effective JJ I-NP
regulation NN I-NP
of IN B-PP
planners NNS B-NP
, , O
no DT B-NP
accepted VBN I-NP
standard JJ I-NP
for IN B-PP
admission NN B-NP
into IN B-PP
their PRP$ B-NP
ranks NNS I-NP
-- : O
a DT B-NP
dog NN I-NP
got VBD B-VP
into IN B-PP
one CD B-NP
trade NN I-NP
group NN I-NP
-- : O
no DT B-NP
way NN I-NP
to TO B-VP
assess VB I-VP
their PRP$ B-NP
performance NN I-NP
, , O
no DT B-NP
way NN I-NP
even RB B-NP
to TO B-VP
know VB I-VP
how WRB B-NP
many NN I-NP
of IN B-PP
them PRP B-NP
there EX B-NP
are VBP B-VP
-LRB- ( O
estimates NNS B-NP
range VBP B-VP
from IN B-PP
60,000 CD B-NP
to TO B-PP
450,000 CD B-NP
-RRB- ) O
. . O

All DT B-NP
anyone NN B-NP
need NN B-VP
do VBP I-VP
is VBZ B-VP
hang VB B-VP
up IN B-PRT
a DT B-NP
shingle NN I-NP
and CC O
start VB B-VP
planning NN I-VP
. . O

So RB O
it PRP B-NP
should MD B-VP
come VB I-VP
as IN B-PP
no DT B-NP
shock NN I-NP
that IN B-SBAR
the DT B-NP
profession NN I-NP
, , O
if IN B-SBAR
that DT B-NP
's VBZ B-VP
what WP B-NP
it PRP B-NP
is VBZ B-VP
, , O
has VBZ B-VP
attracted VBN I-VP
a DT B-NP
lot NN I-NP
of IN B-PP
people NNS B-NP
whose WP$ B-NP
principal JJ I-NP
talents NNS I-NP
seem VBP B-VP
to TO I-VP
be VB I-VP
frittering VBG B-VP
away RB B-PRT
or CC O
flat-out JJ B-VP
stealing VBG I-VP
their PRP$ B-NP
clients NNS I-NP
' POS B-NP
money NN I-NP
. . O

Alarmed JJ B-ADJP
, , O
state NN B-NP
and CC I-NP
federal JJ I-NP
authorities NNS I-NP
are VBP B-VP
trying VBG I-VP
to TO I-VP
devise VB I-VP
ways NNS B-NP
to TO B-VP
certify VB I-VP
and CC I-VP
regulate VB I-VP
planners NNS B-NP
. . O

Industry NN B-NP
groups NNS I-NP
and CC O
reputable JJ B-NP
planners NNS I-NP
who WP B-NP
are VBP B-VP
members NNS B-NP
of IN B-PP
them PRP B-NP
want VBP B-VP
comprehensive JJ B-NP
standards NNS I-NP
, , O
too RB B-ADVP
; : O
they PRP B-NP
're VBP B-VP
tired VBN B-ADJP
of IN B-PP
seeing VBG B-VP
practitioners NNS B-NP
depicted VBN B-VP
collectively RB B-ADVP
in IN B-PP
the DT B-NP
business NN I-NP
press NN I-NP
as IN B-PP
dumber JJR B-ADJP
than IN B-PP
chimpanzees NNS B-NP
and CC O
greedier JJR B-ADJP
than IN B-PP
a DT B-NP
herd NN I-NP
of IN B-PP
swine NNS B-NP
. . O

But CC O
reform NN B-NP
has VBZ B-VP
n't RB I-VP
taken VBN I-VP
hold VB B-NP
yet RB B-ADVP
. . O

`` `` O
The DT B-NP
industry NN I-NP
is VBZ B-VP
still RB B-ADVP
pretty RB B-ADVP
much JJ I-ADVP
in IN B-PP
its PRP$ B-NP
Wild NNP I-NP
West NNP I-NP
days NNS I-NP
, , O
'' '' O
says VBZ B-VP
Scott NNP B-NP
Stapf NNP I-NP
, , O
director NN B-NP
of IN B-PP
investor NN B-NP
education NN I-NP
for IN B-PP
the DT B-NP
North NNP I-NP
American NNP I-NP
Securities NNPS I-NP
Administrators NNP I-NP
Association NNP I-NP
. . O

An DT B-NP
admittedly RB I-NP
limited JJ I-NP
survey NN I-NP
by IN B-PP
NASAA NNP B-NP
, , O
whose WP$ B-NP
members NNS I-NP
are VBP B-VP
state NN B-NP
securities-law NN I-NP
regulators NNS I-NP
, , O
found VBD B-VP
that IN B-SBAR
between IN B-PP
1986 CD B-NP
and CC I-NP
1988 CD I-NP
`` `` O
fraud NN B-NP
and CC I-NP
abuse NN I-NP
'' '' O
by IN B-PP
financial JJ B-NP
planners NNS I-NP
cost VBP B-VP
22,000 CD B-NP
investors NNS I-NP
$ $ B-NP
400 CD I-NP
million CD I-NP
. . O

The DT B-NP
rogues NNS I-NP
' POS B-NP
gallery NN I-NP
of IN B-PP
planners NNS B-NP
involved VBN B-VP
includes VBZ B-VP
some DT B-NP
convicted VBN I-NP
felons NNS I-NP
, , O
a DT B-NP
compulsive JJ I-NP
gambler NN I-NP
or CC I-NP
two CD I-NP
, , O
various JJ B-NP
businessmen NNS I-NP
who WP B-NP
had VBD B-VP
planned VBN I-VP
their PRP$ B-NP
own JJ I-NP
previous JJ I-NP
ventures NNS I-NP
right NN B-ADVP
into IN B-PP
bankruptcy NN B-NP
, , O
and CC O
one CD B-NP
man NN I-NP
who WP B-NP
scammed VBD B-VP
his PRP$ B-NP
wife NN I-NP
's POS B-NP
grandmother NN I-NP
. . O

What WP B-NP
's VBZ B-VP
more JJR B-NP
, , O
the DT B-NP
losses NNS I-NP
they PRP B-NP
and CC O
the DT B-NP
others NNS I-NP
caused VBN B-VP
`` `` O
are VBP B-VP
just RB B-ADVP
what WP B-NP
we PRP B-NP
are VBP B-VP
stumbling VBG I-VP
over IN B-PP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Stapf NNP I-NP
, , O
adding VBG B-VP
that IN B-SBAR
the DT B-NP
majority NN I-NP
of IN B-PP
misdeeds NNS B-NP
probably RB B-ADVP
go VBP B-VP
undetected JJ B-ADJP
. . O

So RB B-ADVP
do VBP B-VP
just RB B-NP
about IN I-NP
all PDT I-NP
the DT I-NP
losses NNS I-NP
that WDT B-NP
could MD B-VP
be VB I-VP
attributed VBN I-VP
to TO B-PP
the DT B-NP
sheer JJ I-NP
incompetence NN I-NP
of IN B-PP
unqualified JJ B-NP
planners NNS I-NP
. . O

Nobody NN B-NP
can MD B-VP
estimate VB I-VP
the DT B-NP
toll NN I-NP
, , O
but CC O
John NNP B-NP
Gargan NNP I-NP
, , O
a DT B-NP
Tampa NNP I-NP
, , I-NP
Fla. NNP I-NP
, , I-NP
planner NN I-NP
and CC O
head NN B-NP
of IN B-PP
one CD B-NP
trade NN I-NP
group NN I-NP
, , O
the DT B-NP
International NNP I-NP
Association NNP I-NP
of IN B-PP
Registered VBN B-NP
Financial NNP I-NP
Planners NNS I-NP
, , O
thinks VBZ B-VP
the DT B-NP
danger NN I-NP
to TO B-PP
investors NNS B-NP
from IN B-PP
incompetence NN B-NP
is VBZ B-VP
`` `` O
humongous JJ B-ADJP
, , O
'' '' O
far RB B-ADJP
greater JJR I-ADJP
than IN B-PP
that DT B-NP
from IN B-PP
crookery NN B-NP
. . O

His PRP$ B-NP
group NN I-NP
, , O
like IN B-PP
others NNS B-NP
, , O
wants VBZ B-VP
minimum JJ B-NP
standards NNS I-NP
applied VBN B-VP
to TO B-PP
all DT B-NP
who WP B-NP
call VBP B-VP
themselves PRP B-NP
financial JJ B-NP
planners NNS I-NP
. . O

Surveying VBG B-VP
all PDT B-NP
this DT I-NP
, , O
some DT B-NP
people NNS I-NP
now RB B-ADVP
think VBP B-VP
the DT B-NP
best JJS I-NP
planner NN I-NP
might MD B-VP
be VB I-VP
no DT B-NP
planner NN I-NP
at IN B-ADVP
all DT I-ADVP
. . O

For IN B-PP
most RBS B-NP
investors NNS I-NP
`` `` O
the DT B-NP
benefits NNS I-NP
just RB B-ADVP
are VBP B-VP
n't RB O
worth JJ B-ADJP
the DT B-NP
risks NNS I-NP
, , O
'' '' O
says VBZ B-VP
Barbara NNP B-NP
Roper NNP I-NP
, , O
who WP B-NP
follows VBZ B-VP
financial-planning JJ B-NP
issues NNS I-NP
for IN B-PP
the DT B-NP
Consumer NNP I-NP
Federation NNP I-NP
of IN B-PP
America NNP B-NP
, , O
a DT B-NP
consumer-advocacy JJ I-NP
organization NN I-NP
based VBN B-VP
in IN B-PP
Washington NNP B-NP
. . O

She PRP B-NP
concedes VBZ B-VP
that IN B-SBAR
such JJ B-NP
a DT I-NP
position NN I-NP
is VBZ B-VP
`` `` B-ADJP
unfair JJ I-ADJP
'' '' O
to TO B-PP
the DT B-NP
thousands NNS I-NP
of IN B-PP
conscientious JJ B-NP
and CC I-NP
qualified VBN I-NP
people NNS I-NP
plying VBG B-VP
the DT B-NP
trade NN I-NP
, , O
but CC O
as IN B-PP
a DT B-NP
consumer NN I-NP
advocate NN I-NP
she PRP B-NP
feels VBZ B-VP
impelled VBN I-VP
to TO I-VP
take VB I-VP
it PRP B-NP
. . O

She PRP B-NP
says VBZ B-VP
her PRP$ B-NP
group NN I-NP
used VBN B-VP
to TO I-VP
give VB I-VP
tips NNS B-NP
on IN B-PP
selecting VBG B-VP
planners NNS B-NP
-- : O
check NN B-VP
educational JJ B-NP
and CC I-NP
experience NN I-NP
credentials NNS I-NP
, , O
consult VB B-VP
regulators NNS B-NP
and CC O
Better NNP B-NP
Business NNP I-NP
Bureaus NNP I-NP
-- : O
but CC O
found VBD B-VP
that IN B-SBAR
even RB B-NP
some DT I-NP
people NNS I-NP
who WP B-NP
took VBD B-VP
these DT B-NP
steps NNS I-NP
`` `` O
were VBD B-VP
still RB I-VP
getting VBG I-VP
ripped VBN I-VP
off IN B-PRT
. . O
'' '' O

The DT B-NP
bad JJ I-NP
news NN I-NP
, , O
however RB B-ADVP
, , O
has VBZ B-VP
n't RB I-VP
been VBN I-VP
bad JJ B-ADJP
enough RB I-ADJP
to TO B-VP
kill VB I-VP
the DT B-NP
growing VBG I-NP
demand NN I-NP
for IN B-PP
financial JJ B-NP
planning NN I-NP
. . O

The DT B-NP
Tax NNP I-NP
Reform NNP I-NP
Act NNP I-NP
of IN B-PP
1986 CD B-NP
, , O
which WDT B-NP
eliminated VBD B-VP
many JJ B-NP
tax NN I-NP
shelters NNS I-NP
peddled VBN B-VP
by IN B-PP
planners NNS B-NP
, , O
and CC O
the DT B-NP
stock NN I-NP
market NN I-NP
crash NN I-NP
the DT B-NP
next JJ I-NP
year NN I-NP
did VBD B-VP
cause VBG I-VP
a DT B-NP
sharp JJ I-NP
slump NN I-NP
in IN B-PP
such JJ B-NP
demand NN I-NP
, , O
and CC O
many JJ B-NP
planners NNS I-NP
had VBD B-VP
to TO I-VP
make VB I-VP
an DT B-NP
unplanned JJ I-NP
exit NN I-NP
from IN B-PP
the DT B-NP
business NN I-NP
. . O

But CC O
membership NN B-NP
in IN B-PP
the DT B-NP
International NNP I-NP
Association NNP I-NP
of IN B-PP
Financial NNP B-NP
Planners NNS I-NP
-LRB- ( O
IAFP NNP B-NP
-RRB- ) O
, , O
the DT B-NP
industry NN I-NP
's POS B-NP
biggest JJS I-NP
trade NN I-NP
group NN I-NP
, , O
is VBZ B-VP
still RB B-ADVP
nearly RB B-ADVP
triple JJ I-ADVP
what WP B-NP
it PRP B-NP
was VBD B-VP
in IN B-PP
1980 CD B-NP
, , O
and CC O
it PRP B-NP
's VBZ B-VP
believed VBD I-VP
that IN B-SBAR
the DT B-NP
ranks NNS I-NP
of IN B-PP
planners NNS B-NP
who WP B-NP
do VBP B-VP
n't RB I-VP
belong VB I-VP
to TO B-PP
any DT B-NP
group NN I-NP
have VBP B-VP
soared VBN I-VP
as IN B-ADVP
well RB I-ADVP
. . O

An DT B-NP
estimated VBN I-NP
10 CD I-NP
million CD I-NP
Americans NNPS I-NP
are VBP B-VP
now RB I-VP
using VBG I-VP
financial JJ B-NP
planners NNS I-NP
, , O
and CC O
the DT B-NP
pool NN I-NP
of IN B-PP
capital NN B-NP
they PRP B-NP
influence VBP B-VP
is VBZ B-VP
enormous JJ B-ADJP
. . O

A DT B-NP
survey NN I-NP
of IN B-PP
54,000 CD B-NP
of IN B-PP
them PRP B-NP
conducted VBN B-VP
by IN B-PP
the DT B-NP
IAFP NNP I-NP
in IN B-PP
April NNP B-NP
showed VBD B-VP
that IN B-SBAR
these DT B-NP
practitioners NNS I-NP
alone RB B-ADVP
had VBD B-VP
controlled VBN I-VP
or CC I-VP
guided VBD I-VP
the DT B-NP
investment NN I-NP
of IN B-PP
$ $ B-NP
154 CD I-NP
billion CD I-NP
of IN B-PP
their PRP$ B-NP
clients NNS I-NP
' POS B-NP
money NN I-NP
in IN B-PP
the DT B-NP
previous JJ I-NP
12 CD I-NP
months NNS I-NP
. . O

The DT B-NP
sheer JJ I-NP
number NN I-NP
of IN B-PP
planners NNS B-NP
makes VBZ B-VP
the DT B-NP
business NN I-NP
extremely RB B-ADJP
difficult JJ I-ADJP
, , O
if IN B-CONJP
not RB I-CONJP
impossible JJ B-ADJP
, , O
to TO B-VP
regulate VB I-VP
. . O

Even RB B-NP
the DT I-NP
minority NN I-NP
of IN B-PP
them PRP B-NP
who WP B-NP
must MD B-VP
register VB I-VP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
as IN B-PP
`` `` O
investment NN B-NP
advisers NNS I-NP
'' '' O
-- : O
people NNS B-NP
who WP B-NP
are VBP B-VP
in IN B-PP
the DT B-NP
business NN I-NP
of IN B-PP
counseling NN B-VP
others NNS B-NP
on IN B-PP
the DT B-NP
buying VBG I-NP
and CC I-NP
selling VBG I-NP
of IN B-PP
securities NNS B-NP
specifically RB B-ADVP
-- : O
have VBP B-VP
been VBN I-VP
enough RB B-ADJP
to TO B-VP
swamp VB I-VP
the DT B-NP
agency NN I-NP
's POS B-NP
capacity NN I-NP
. . O

The DT B-NP
SEC NNP I-NP
has VBZ B-VP
only RB B-NP
about IN I-NP
200 CD I-NP
staffers NNS I-NP
assigned VBN B-VP
to TO I-VP
keep VB I-VP
tabs NNS B-NP
on IN B-PP
investment NN B-NP
advisers NNS I-NP
-- : O
about IN B-NP
the DT I-NP
same JJ I-NP
as IN B-PP
in IN B-PP
1980 CD B-NP
-- : O
even RB B-SBAR
though IN I-SBAR
the DT B-NP
number NN I-NP
of IN B-PP
advisers NNS B-NP
has VBZ B-VP
tripled VBN I-VP
to TO B-PP
about IN B-NP
15,000 CD I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
decade NN I-NP
. . O

Currently RB B-ADVP
, , O
a DT B-NP
registered VBN I-NP
investment NN I-NP
adviser NN I-NP
can MD B-VP
expect VB I-VP
an DT B-NP
SEC NNP I-NP
audit NN I-NP
only RB B-ADVP
once RB I-ADVP
every DT B-NP
12 CD I-NP
years NNS I-NP
. . O

A DT B-NP
lot NN I-NP
of IN B-PP
bad JJ B-NP
things NNS I-NP
can MD B-VP
happen VB I-VP
in IN B-PP
12 CD B-NP
years NNS I-NP
. . O

`` `` O
It PRP B-NP
does VBZ B-VP
n't RB I-VP
take VB I-VP
a DT B-NP
rocket NN I-NP
scientist NN I-NP
to TO B-VP
figure VB I-VP
out IN B-PRT
our PRP$ B-NP
problem NN I-NP
, , O
'' '' O
says VBZ B-VP
Kathryn NNP B-NP
McGrath NNP I-NP
, , O
director NN B-NP
of IN B-PP
the DT B-NP
SEC NNP I-NP
's POS B-NP
division NN I-NP
of IN B-PP
investment NN B-NP
management NN I-NP
. . O

So RB O
the DT B-NP
SEC NNP I-NP
has VBZ B-VP
proposed VBN I-VP
to TO B-PP
Congress NNP B-NP
that IN B-SBAR
much NN B-NP
of IN B-PP
the DT B-NP
job NN I-NP
of IN B-PP
oversight NN B-NP
be VB B-VP
turned VBN I-VP
over IN B-PRT
to TO B-PP
an DT B-NP
industry-funded JJ I-NP
, , I-NP
self-regulatory JJ I-NP
organization NN I-NP
patterned VBN B-VP
on IN B-PP
the DT B-NP
National NNP I-NP
Association NNP I-NP
of IN B-PP
Securities NNPS B-NP
Dealers NNS I-NP
, , O
which WDT B-NP
operates VBZ B-VP
in IN B-PP
the DT B-NP
brokerage NN I-NP
business NN I-NP
. . O

Such JJ B-NP
an DT I-NP
organization NN I-NP
could MD B-VP
, , O
among IN B-PP
other JJ B-NP
things NNS I-NP
, , O
set VBN B-VP
minimum JJ B-NP
standards NNS I-NP
for IN B-PP
competence NN B-NP
, , I-NP
ethics NNS I-NP
and CC I-NP
finances NNS I-NP
and CC O
punish VB B-VP
those DT B-NP
investment NN I-NP
advisers NNS I-NP
who WP B-NP
broke VBD B-VP
the DT B-NP
rules NNS I-NP
. . O

The DT B-NP
proposal NN I-NP
has VBZ B-VP
set VBN I-VP
off IN B-PRT
a DT B-NP
lively JJ I-NP
debate NN I-NP
within IN B-PP
an DT B-NP
industry NN I-NP
that WDT B-NP
was VBD B-VP
far RB B-ADJP
from IN B-PP
united VBN B-ADJP
to TO B-ADVP
begin VB I-ADVP
with RB I-ADVP
. . O

Mr. NNP B-NP
Schwartz NNP I-NP
, , O
the DT B-NP
puckish JJ I-NP
planner NN I-NP
from IN B-PP
Englewood NNP B-NP
, , O
Colo. NNP B-NP
, , O
says VBZ B-VP
that IN B-SBAR
allowing VBG B-VP
the DT B-NP
business NN I-NP
to TO B-VP
police VB I-VP
itself PRP B-NP
would MD B-VP
be VB I-VP
`` `` O
like IN B-PP
putting VBG B-VP
Dracula NNP B-NP
in IN B-PP
charge NN B-NP
of IN B-PP
the DT B-NP
blood NN I-NP
bank NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Gargan NNP I-NP
, , O
the DT B-NP
Tampa NNP I-NP
planner NN I-NP
who WP B-NP
heads VBZ B-VP
one CD B-NP
trade NN I-NP
group NN I-NP
, , O
favors VBZ B-VP
simply RB B-ADVP
assessing VBG B-VP
the DT B-NP
industry NN I-NP
and CC O
giving VBG B-VP
the DT B-NP
money NN I-NP
to TO B-PP
the DT B-NP
SEC NNP I-NP
to TO B-VP
hire VB I-VP
more JJR B-NP
staff NN I-NP
. . O

-LRB- ( O
Mr. NNP B-NP
Gargan NNP I-NP
's POS B-NP
views NNS I-NP
are VBP B-VP
not RB I-VP
greeted VBN I-VP
with IN B-PP
wild JJ B-NP
enthusiasm NN I-NP
over IN B-ADVP
at IN B-PP
the DT B-NP
IAFP NNP I-NP
, , O
the DT B-NP
major JJ I-NP
industry NN I-NP
organization NN I-NP
. . O

When WRB B-ADVP
the DT B-NP
IAFP NNP I-NP
recently RB B-ADVP
assembled VBD B-VP
other JJ B-NP
industry NN I-NP
groups NNS I-NP
to TO B-VP
discuss VB I-VP
common JJ B-NP
standards NNS I-NP
that WDT B-NP
might MD B-VP
be VB I-VP
applied VBN I-VP
to TO B-PP
planners NNS B-NP
, , O
Mr. NNP B-NP
Gargan NNP I-NP
's POS B-NP
group NN I-NP
was VBD B-VP
excluded VBN I-VP
. . O

That DT B-NP
may MD B-VP
be VB I-VP
because IN B-SBAR
Mr. NNP B-NP
Gargan NNP I-NP
, , O
smarting VBG B-VP
at IN B-PP
what WP B-NP
he PRP B-NP
considered VBD B-VP
slurs NNS B-NP
on IN B-PP
his PRP$ B-NP
membership NN I-NP
standards NNS I-NP
made VBN B-VP
by IN B-PP
the DT B-NP
rival JJ I-NP
group NN I-NP
, , O
enrolled VBD B-VP
his PRP$ B-NP
dog NN I-NP
, , O
Beauregard NNP B-NP
, , O
as IN B-PP
a DT B-NP
member NN I-NP
of IN B-PP
the DT B-NP
IAFP NNP I-NP
. . O

Then RB O
he PRP B-NP
sent VBD B-VP
the DT B-NP
pooch NN I-NP
's POS B-NP
picture NN I-NP
with IN B-PP
the DT B-NP
certificate NN I-NP
of IN B-PP
membership NN B-NP
-- : O
it PRP B-NP
was VBD B-VP
made VBN I-VP
out IN B-PRT
to TO B-PP
`` `` O
Boris NNP B-NP
` `` I-NP
Bo NNP I-NP
' '' I-NP
Regaard NNP I-NP
'' '' O
-- : O
to TO B-PP
every DT B-NP
newspaper NN I-NP
he PRP B-NP
could MD B-VP
think VB I-VP
of IN B-PP
. . O
-RRB- ) O

The DT B-NP
states NNS I-NP
have VBP B-VP
their PRP$ B-NP
own JJ I-NP
ideas NNS I-NP
about IN B-PP
regulation NN B-NP
and CC I-NP
certification NN I-NP
. . O

NASAA NNP B-NP
, , O
the DT B-NP
organization NN I-NP
of IN B-PP
state NN B-NP
securities NNS I-NP
regulators NNS I-NP
, , O
is VBZ B-VP
pushing VBG I-VP
for IN B-PP
a DT B-NP
model NN I-NP
regulatory JJ I-NP
statute NN I-NP
already RB B-VP
adopted VBD I-VP
in IN B-PP
eight CD B-NP
states NNS I-NP
. . O

It PRP B-NP
requires VBZ B-VP
financial JJ B-NP
planners NNS I-NP
to TO B-VP
register VB I-VP
with IN B-PP
states NNS B-NP
, , O
pass VB B-VP
competency NN B-NP
tests NNS I-NP
and CC O
reveal VB B-VP
to TO B-PP
customers NNS B-NP
any DT B-NP
conflicts NNS I-NP
of IN B-PP
interest NN B-NP
. . O

The DT B-NP
most RBS I-NP
common JJ I-NP
conflict NN I-NP
involves VBZ B-VP
compensation NN B-NP
. . O

NASAA NNP B-NP
estimates NNS B-VP
that IN B-SBAR
nearly RB B-NP
90 CD I-NP
% NN I-NP
of IN B-PP
planners NNS B-NP
receive VBP B-VP
some DT B-NP
or CC I-NP
all DT I-NP
of IN B-PP
their PRP$ B-NP
income NN I-NP
from IN B-PP
sales NNS B-NP
commissions NNS I-NP
on IN B-PP
securities NNS B-NP
, , O
insurance NN B-NP
and CC O
other JJ B-NP
financial JJ I-NP
products NNS I-NP
they PRP B-NP
recommend VBP B-VP
. . O

The DT B-NP
issue NN I-NP
: : O
Is VBZ O
the DT B-NP
planner NN I-NP
putting VBG B-VP
his PRP$ B-NP
clients NNS I-NP
into IN B-PP
the DT B-NP
best JJS I-NP
investments NNS I-NP
, , O
or CC O
the DT B-NP
ones NNS I-NP
that WDT B-NP
garner VBP B-VP
the DT B-NP
biggest JJS I-NP
commissions NNS I-NP
? . O

In IN B-PP
1986 CD B-NP
the DT B-NP
New NNP I-NP
York NNP I-NP
attorney NN I-NP
general NN I-NP
's POS B-NP
office NN I-NP
got VBD B-VP
an DT B-NP
order NN I-NP
from IN B-PP
a DT B-NP
state NN I-NP
court NN I-NP
in IN B-PP
Albany NNP B-NP
shutting VBG B-VP
down RB B-PRT
First NNP B-NP
Meridian NNP I-NP
Corp. NNP I-NP
, , O
an DT B-NP
Albany NNP I-NP
financial-planning JJ I-NP
firm NN I-NP
that WDT B-NP
had VBD B-VP
invested VBN I-VP
$ $ B-NP
55 NN I-NP
million CD I-NP
on IN B-PP
behalf NN B-NP
of IN B-PP
nearly RB B-NP
1,000 CD I-NP
investors NNS I-NP
. . O

In IN B-PP
its PRP$ B-NP
notice NN I-NP
of IN B-PP
action NN B-NP
, , O
the DT B-NP
attorney NN I-NP
general NN I-NP
said VBD B-VP
the DT B-NP
company NN I-NP
had VBD B-VP
promised VBN I-VP
to TO I-VP
put VB I-VP
clients NNS B-NP
into IN B-PP
`` `` B-NP
balanced JJ I-NP
'' '' I-NP
investment NN I-NP
portfolios NNS I-NP
; : O
instead RB B-ADVP
, , O
the DT B-NP
attorney NN I-NP
general JJ I-NP
alleged VBN B-VP
, , O
the DT B-NP
company NN I-NP
consistently RB B-VP
shoved VBD I-VP
unwary JJ B-NP
customers NNS I-NP
into IN B-PP
high-risk JJ B-NP
investments NNS I-NP
in IN B-PP
paintings NNS B-NP
, , O
coins NNS B-NP
and CC O
Florida NNP B-NP
condos NNS I-NP
. . O

Those DT B-NP
investments NNS I-NP
paid VBD B-VP
big JJ B-NP
commissions NNS I-NP
to TO B-PP
First NNP B-NP
Meridian NNP I-NP
, , O
payments NNS B-NP
investors NNS B-NP
were VBD B-VP
never RB I-VP
told VBN I-VP
about IN B-PP
, , O
the DT B-NP
attorney NN I-NP
general JJ I-NP
alleged VBN B-VP
. . O

Investors NNS B-NP
were VBD B-VP
further RB I-VP
assured VBN I-VP
that IN B-SBAR
only RB B-NP
those DT I-NP
with IN B-PP
a DT B-NP
minimun NN I-NP
net JJ I-NP
worth NN I-NP
would MD B-VP
be VB I-VP
accepted VBN I-VP
. . O

In IN B-PP
practice NN B-NP
, , O
the DT B-NP
attorney NN I-NP
general JJ I-NP
alleged VBN B-VP
in IN B-PP
an DT B-NP
affidavit NN I-NP
, , O
if IN B-SBAR
an DT B-NP
investor NN I-NP
had VBD B-VP
access NN B-NP
to TO B-PP
cash VB B-NP
`` `` O
the DT B-NP
chances NNS I-NP
of IN B-PP
being VBG B-VP
turned VBN I-VP
down RB B-PRT
by IN B-PP
First NNP B-NP
Meridian NNP I-NP
were VBD B-VP
about IN B-ADJP
as RB I-ADJP
probable JJ I-ADJP
as IN B-PP
being VBG B-VP
rejected VBN I-VP
by IN B-PP
the DT B-NP
Book-of-the-Month NNP I-NP
Club NNP I-NP
. . O
'' '' O

And CC O
, , O
the DT B-NP
attorney NN I-NP
general NN I-NP
added VBD B-VP
, , O
First NNP B-NP
Meridian NNP I-NP
's POS B-NP
president NN I-NP
, , O
Roger NNP B-NP
V. NNP I-NP
Sala NNP I-NP
, , O
portrayed VBD B-VP
himself PRP B-NP
as IN B-PP
a DT B-NP
`` `` I-NP
financial JJ I-NP
expert NN I-NP
'' '' O
when WRB B-ADVP
his PRP$ B-NP
qualifications NNS I-NP
largely RB B-VP
consisted VBD I-VP
of IN B-PP
a DT B-NP
high-school NN I-NP
diploma NN I-NP
, , O
work NN B-NP
as IN B-PP
a DT B-NP
real-estate NN I-NP
and CC I-NP
insurance NN I-NP
salesman NN I-NP
, , O
and CC O
a DT B-NP
stint NN I-NP
as IN B-PP
supervisor NN B-NP
at IN B-PP
a DT B-NP
highway NN I-NP
toll NN I-NP
booth NN I-NP
. . O

First NNP B-NP
Meridian NNP I-NP
and CC O
its PRP$ B-NP
officials NNS I-NP
are VBP B-VP
currently RB B-ADVP
under IN B-PP
investigation NN B-NP
for IN B-PP
possible JJ B-NP
criminal JJ I-NP
wrongdoing NN I-NP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
spokeswoman NN I-NP
for IN B-PP
the DT B-NP
attorney NN I-NP
general JJ I-NP
. . O

Harry NNP B-NP
Manion NNP I-NP
, , O
Mr. NNP B-NP
Sala NNP I-NP
's POS B-NP
attorney NN I-NP
, , O
says VBZ B-VP
his PRP$ B-NP
client NN I-NP
denies VBZ B-VP
any DT B-NP
wrongdoing NN I-NP
and CC O
adds VBZ B-VP
that IN B-SBAR
the DT B-NP
attorney NN I-NP
general NN I-NP
's POS B-NP
contentions NNS I-NP
about IN B-PP
First NNP B-NP
Meridian NNP I-NP
's POS B-NP
business NN I-NP
practices NNS I-NP
are VBP B-VP
incorrect JJ B-ADJP
. . O

As IN B-PP
for IN B-PP
Mr. NNP B-NP
Sala NNP I-NP
's POS B-NP
qualifications NNS I-NP
, , O
`` `` O
the DT B-NP
snooty JJ I-NP
attorneys NNS I-NP
for IN B-PP
the DT B-NP
state NN I-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
decided VBD B-VP
Mr. NNP B-NP
Sala NNP I-NP
was VBD B-VP
n't RB O
qualified VBN B-ADJP
because IN B-SBAR
he PRP B-NP
did VBD B-VP
n't RB I-VP
have VB I-VP
a DT B-NP
Harvard NNP I-NP
degree NN I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Manion NNP I-NP
. . O

Civil JJ B-NP
suits NNS I-NP
against IN B-PP
planners NNS B-NP
by IN B-PP
clients NNS B-NP
seeking VBG B-VP
recovery NN B-NP
of IN B-PP
funds NNS B-NP
are VBP B-VP
increasingly RB B-ADJP
common JJ I-ADJP
. . O

Two CD B-NP
such JJ I-NP
actions NNS I-NP
, , O
both DT B-NP
filed VBN B-VP
earlier RBR B-NP
this DT I-NP
year NN I-NP
in IN B-PP
Georgia NNP B-NP
state NN I-NP
court NN I-NP
in IN B-PP
Atlanta NNP B-NP
, , O
could MD B-VP
be VB I-VP
particularly RB B-ADJP
embarrassing JJ I-ADJP
to TO B-PP
the DT B-NP
industry NN I-NP
: : O
both DT B-NP
name NN B-VP
J. NNP B-NP
Chandler NNP I-NP
Peterson NNP I-NP
, , O
an DT B-NP
Atlanta NNP I-NP
financial JJ I-NP
planner NN I-NP
who WP B-NP
is VBZ B-VP
a DT B-NP
founder NN I-NP
and CC I-NP
past JJ I-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
IAFP NNP I-NP
, , O
as IN B-PP
defendant NN B-NP
. . O

One CD B-NP
suit NN I-NP
, , O
filed VBN B-VP
by IN B-PP
more JJR B-NP
than IN I-NP
three CD I-NP
dozen NN I-NP
investors NNS I-NP
, , O
charges VBZ B-VP
that IN B-SBAR
Mr. NNP B-NP
Peterson NNP I-NP
misused VBD B-VP
much NN B-NP
of IN B-PP
the DT B-NP
$ $ I-NP
9.7 CD I-NP
million CD I-NP
put VB B-VP
into IN B-PP
a DT B-NP
limited JJ I-NP
partnership NN I-NP
that IN B-NP
he PRP B-NP
operated VBD B-VP
and CC I-VP
promoted VBN I-VP
, , O
spending VBG B-VP
some DT B-NP
of IN B-PP
it PRP B-NP
to TO B-VP
pay VB I-VP
his PRP$ B-NP
own JJ I-NP
legal JJ I-NP
bills NNS I-NP
and CC O
to TO B-VP
invest VB I-VP
in IN B-PP
other JJ B-NP
companies NNS I-NP
in IN B-PP
which WDT B-NP
he PRP B-NP
had VBD B-VP
an DT B-NP
interest NN I-NP
. . O

Those DT B-NP
companies NNS I-NP
, , O
in IN B-PP
turn NN B-NP
, , O
paid VBN B-VP
Mr. NNP B-NP
Peterson NNP I-NP
commissions VBZ B-NP
and CC I-NP
fees NNS I-NP
, , O
the DT B-NP
suit NN I-NP
alleges NNS B-VP
. . O

The DT B-NP
other JJ I-NP
suit NN I-NP
was VBD B-VP
filed VBN I-VP
by IN B-PP
two CD B-NP
men NNS I-NP
in IN B-PP
a DT B-NP
dispute NN I-NP
over IN B-PP
$ $ B-NP
100,000 CD I-NP
investments NNS I-NP
each DT B-NP
says VBZ B-VP
he PRP B-NP
made VBD B-VP
with IN B-PP
Mr. NNP B-NP
Peterson NNP I-NP
as IN B-PP
part NN B-NP
of IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
purchase VB I-VP
the DT B-NP
Bank NNP I-NP
of IN B-PP
Scottsdale NNP B-NP
in IN B-PP
Scottsdale NNP B-NP
, , O
Ariz NNP B-NP
. . O

One CD B-NP
plaintiff NN I-NP
, , O
a DT B-NP
doctor NN I-NP
, , O
testified VBD B-VP
in IN B-PP
an DT B-NP
affidavit NN I-NP
that IN B-SBAR
he PRP B-NP
also RB B-ADVP
gave VBD B-VP
Mr. NNP B-NP
Peterson NNP I-NP
$ $ B-NP
50,000 CD I-NP
to TO B-VP
join VB I-VP
a DT B-NP
sort NN I-NP
of IN B-PP
investment NN B-NP
club NN I-NP
which WDT B-NP
essentially RB B-ADVP
gave VBD B-VP
the DT B-NP
physician NN I-NP
`` `` O
the DT B-NP
privilege NN I-NP
of IN B-PP
making VBG B-VP
additional JJ B-NP
investments NNS I-NP
'' '' O
with IN B-PP
Mr. NNP B-NP
Peterson NNP I-NP
. . O

In IN B-PP
affidavits NNS B-NP
, , O
each DT B-NP
plaintiff NN I-NP
claims NNS B-VP
Mr. NNP B-NP
Peterson NNP I-NP
promised VBD B-VP
the DT B-NP
bank NN I-NP
purchase NN I-NP
would MD B-VP
be VB I-VP
completed VBN I-VP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
1988 CD B-NP
or CC O
the DT B-NP
money NN I-NP
returned VBD B-VP
. . O

Mr. NNP B-NP
Peterson NNP I-NP
took VBD B-VP
the DT B-NP
plaintiffs NNS I-NP
' POS B-NP
and CC O
other JJ B-NP
investors NNS I-NP
' POS B-NP
money NN I-NP
to TO B-PP
a DT B-NP
meeting NN I-NP
of IN B-PP
the DT B-NP
bank NN I-NP
's POS B-NP
directors NNS I-NP
. . O

Wearing VBG B-VP
a DT B-NP
business NN I-NP
suit NN I-NP
and CC I-NP
western-style JJ I-NP
hat NN I-NP
and CC I-NP
boots NNS I-NP
, , O
he PRP B-NP
opened VBD B-VP
up IN B-PRT
his PRP$ B-NP
briefcase NN I-NP
and CC O
dumped VBD B-VP
$ $ B-NP
1 CD I-NP
million CD I-NP
in IN B-PP
cash NN B-NP
on IN B-PP
a DT B-NP
table NN I-NP
in IN B-PP
front NN B-NP
of IN B-PP
the DT B-NP
directors NNS I-NP
, , O
says VBZ B-VP
Myron NNP B-NP
Diebel NNP I-NP
, , O
the DT B-NP
bank NN I-NP
's POS B-NP
president NN I-NP
. . O

`` `` O
He PRP B-NP
said VBD B-VP
he PRP B-NP
wanted VBD B-VP
to TO I-VP
show VB I-VP
the DT B-NP
color NN I-NP
of IN B-PP
his PRP$ B-NP
money NN I-NP
, , O
'' '' O
recalls VBZ B-VP
Mr. NNP B-NP
Diebel NNP I-NP
. . O

Bank NN B-NP
officials NNS I-NP
, , O
however RB B-ADVP
, , O
showed VBD B-VP
him PRP B-NP
the DT B-NP
door NN I-NP
, , O
and CC O
the DT B-NP
sale NN I-NP
never RB B-ADVP
came VBD B-VP
off RB B-PRT
. . O

According VBG B-PP
to TO B-PP
the DT B-NP
suit NN I-NP
, , O
Mr. NNP B-NP
Peterson NNP I-NP
has VBZ B-VP
yet RB I-VP
to TO I-VP
return VB I-VP
the DT B-NP
plaintiffs NNS I-NP
' POS B-NP
investment NN I-NP
. . O

They PRP B-NP
want VBP B-VP
it PRP B-NP
back RB B-ADVP
. . O

Mr. NNP B-NP
Peterson NNP I-NP
declines VBZ B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
specific JJ B-NP
allegations NNS I-NP
in IN B-PP
the DT B-NP
two CD I-NP
suits NNS I-NP
, , O
saying VBG B-VP
he PRP B-NP
prefers VBZ B-VP
to TO I-VP
save VB I-VP
such JJ B-NP
responses NNS I-NP
for IN B-PP
court NN B-NP
. . O

But CC O
he PRP B-NP
does VBZ B-VP
say VBP I-VP
that IN B-SBAR
all DT B-NP
of IN B-PP
his PRP$ B-NP
activities NNS I-NP
have VBP B-VP
been VBN I-VP
`` `` O
entirely RB B-ADJP
proper JJ I-ADJP
. . O
'' '' O

On IN B-PP
the DT B-NP
suit NN I-NP
by IN B-PP
the DT B-NP
limited JJ I-NP
partners NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
he PRP B-NP
is VBZ B-VP
considering VBG I-VP
a DT B-NP
defamation NN I-NP
suit NN I-NP
against IN B-PP
the DT B-NP
plaintiffs NNS I-NP
. . O

The DT B-NP
suit NN I-NP
, , O
he PRP B-NP
adds VBZ B-VP
, , O
`` `` O
is VBZ B-VP
almost RB B-ADVP
in IN B-PP
the DT B-NP
nature NN I-NP
of IN B-PP
a DT B-NP
vendetta NN I-NP
by IN B-PP
a DT B-NP
handful NN I-NP
of IN B-PP
disgruntled JJ B-NP
people NNS I-NP
. . O
'' '' O

Rearding VBG B-PP
the DT B-NP
suit NN I-NP
over IN B-PP
the DT B-NP
bank NN I-NP
bid NN I-NP
, , O
Mr. NNP B-NP
Peterson NNP I-NP
says VBZ B-VP
it PRP B-NP
is VBZ B-VP
filled VBN I-VP
with IN B-PP
`` `` O
inflammatory JJ B-NP
language NN I-NP
and CC O
half NN B-NP
truths NNS I-NP
. . O
'' '' O

He PRP B-NP
declines VBZ B-VP
to TO I-VP
go VB I-VP
into IN B-PP
specifics NNS B-NP
. . O

Mr. NNP B-NP
Peterson NNP I-NP
says VBZ B-VP
the DT B-NP
suits NNS I-NP
against IN B-PP
him PRP B-NP
are VBP B-VP
less JJR B-NP
a DT I-NP
measure NN I-NP
of IN B-PP
his PRP$ B-NP
work NN I-NP
than IN B-SBAR
they PRP B-NP
are VBP B-VP
a DT B-NP
`` `` I-NP
sign NN I-NP
of IN B-PP
the DT B-NP
times NNS I-NP
'' '' O
in IN B-PP
which WDT B-NP
people NNS B-NP
generally RB B-ADVP
are VBP B-VP
more RBR B-ADJP
prone JJ I-ADJP
to TO B-VP
sue VB I-VP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
anybody NN B-NP
in IN B-PP
the DT B-NP
industry NN I-NP
who WP B-NP
has VBZ B-VP
n't RB I-VP
experienced VBN I-VP
litigation NN B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Mr. NNP B-NP
Peterson NNP I-NP
also RB B-ADVP
says VBZ B-VP
he PRP B-NP
does VBZ B-VP
n't RB I-VP
consider VB I-VP
himself PRP B-NP
a DT B-NP
financial JJ I-NP
planner NN I-NP
anymore RB B-ADVP
. . O

He PRP B-NP
now RB B-ADVP
calls VBZ B-VP
himself PRP B-NP
an DT B-NP
`` `` I-NP
investment NN I-NP
banker NN I-NP
. . O
'' '' O

In IN B-PP
many JJ B-NP
scams NNS I-NP
or CC I-NP
alleged VBN I-NP
scams NNS I-NP
involving VBG B-VP
planners NNS B-NP
, , O
it PRP B-NP
's VBZ B-VP
plain JJ B-ADJP
that IN B-SBAR
only RB B-NP
a DT I-NP
modicum NN I-NP
of IN B-PP
common JJ B-NP
sense NN I-NP
on IN B-PP
the DT B-NP
part NN I-NP
of IN B-PP
the DT B-NP
investors NNS I-NP
would MD B-VP
have VB I-VP
kept VBN I-VP
them PRP B-NP
out IN B-ADVP
of IN B-PP
harm NN B-NP
's POS B-NP
way NN I-NP
. . O

Using VBG B-VP
it PRP B-NP
, , O
would MD O
n't RB O
a DT B-NP
proessional NN I-NP
hesitate VB B-VP
to TO I-VP
pay VB I-VP
tens NNS B-NP
of IN I-NP
thousands NNS I-NP
of IN B-PP
dollars NNS B-NP
just RB B-ADVP
for IN B-PP
a DT B-NP
chance NN I-NP
to TO B-VP
invest VB I-VP
witha NN O
planner NN O
? . O

Other JJ B-NP
cases NNS I-NP
go VBP B-VP
to TO I-VP
show VB I-VP
that IN B-SBAR
an DT B-NP
old JJ I-NP
saw VBD I-NP
still RB B-ADVP
applies VBZ B-VP
: : O
If IN B-SBAR
it PRP B-NP
sounds VBZ B-VP
too RB B-ADJP
good JJ I-ADJP
to TO B-VP
be VB I-VP
true JJ B-ADJP
, , O
it PRP B-NP
probably RB B-ADVP
is VBZ B-VP
. . O

Certificates NNS B-NP
of IN B-PP
deposit NN B-NP
do VBP B-VP
n't RB I-VP
pay VB I-VP
23 CD B-NP
% NN I-NP
a DT B-NP
year NN I-NP
, , O
for IN B-PP
example NN B-NP
, , O
but CC O
that DT B-NP
did VBD B-VP
n't RB I-VP
give VB I-VP
pause NN B-NP
to TO B-PP
clients NNS B-NP
of IN B-PP
one CD B-NP
Alabama NNP I-NP
planner NN I-NP
. . O

Now RB B-ADVP
they PRP B-NP
're VBP B-VP
losers NNS B-NP
and CC O
he PRP B-NP
's VBZ B-VP
in IN B-PP
jail NN B-NP
in IN B-PP
Mobile NNP B-NP
County NNP I-NP
. . O

CDs NNS B-NP
yielding VBG B-VP
40 CD B-NP
% NN I-NP
are VBP B-VP
even RB B-ADJP
more RBR I-ADJP
implausible JJ I-ADJP
-- : O
especially RB B-ADVP
when WRB B-ADVP
the DT B-NP
issuing VBG I-NP
`` `` I-NP
bank NN I-NP
'' '' O
in IN B-PP
the DT B-NP
Marshall NNP I-NP
Islands NNPS I-NP
is VBZ B-VP
merely RB B-NP
a DT I-NP
mail NN I-NP
drop NN I-NP
watched VBD B-VP
over IN B-PRT
by IN B-PP
a DT B-NP
local JJ I-NP
gas-station JJ I-NP
operator NN I-NP
-- : O
but CC O
investors NNS B-NP
fell VBD B-VP
for IN B-PP
that DT B-NP
one CD I-NP
too RB I-NP
. . O

And CC O
the DT B-NP
Colorado NNP I-NP
planner NN I-NP
who WP B-NP
promised VBD B-VP
to TO I-VP
make VB I-VP
some DT B-NP
of IN B-PP
his PRP$ B-NP
clients NNS I-NP
millionaires NNS B-NP
on IN B-PP
investments NNS B-NP
of IN B-PP
as RB B-NP
litle JJ I-NP
as IN I-NP
$ $ I-NP
100 CD I-NP
? . O

Never RB B-ADVP
mind NN B-VP
. . O

You PRP B-NP
already RB B-ADVP
know VBP B-VP
the DT B-NP
answer NN I-NP
. . O

Mr. NNP B-NP
Emshwiller NNP I-NP
is VBZ B-VP
a DT B-NP
staff NN I-NP
reporter NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
Los NNP I-NP
Angeles NNP I-NP
bureau NN I-NP
. . O

At IN B-PP
the DT B-NP
ritzy JJ I-NP
Fashion NNP I-NP
Island NNP I-NP
Shopping NNP I-NP
Center NNP I-NP
, , O
the DT B-NP
tanned JJ I-NP
and CC I-NP
elegant JJ I-NP
ladies NNS I-NP
of IN B-PP
this DT B-NP
wealthy JJ I-NP
Southern NNP I-NP
California NNP I-NP
beach NN I-NP
community NN I-NP
disembark VBP B-VP
from IN B-PP
their PRP$ B-NP
Mercedes-Benzes NNPS I-NP
and CC I-NP
BMWs NNS I-NP
for IN B-PP
another DT B-NP
day NN I-NP
of IN B-PP
exercising VBG B-VP
their PRP$ B-NP
credit NN I-NP
cards NNS I-NP
. . O

They PRP B-NP
root VBP B-VP
among IN B-PP
the DT B-NP
designer NN I-NP
offerings NNS I-NP
at IN B-PP
Neiman-Marcus NNP B-NP
and CC O
Bullocks NNP B-NP
Wilshire NNP I-NP
. . O

They PRP B-NP
stroll VBP B-VP
through IN B-PP
the DT B-NP
marble-encased JJ I-NP
corridors NNS I-NP
of IN B-PP
the DT B-NP
Atrium NNP I-NP
Court NNP I-NP
. . O

They PRP B-NP
graze VBP B-VP
at IN B-PP
the DT B-NP
Farmers NNP I-NP
Market NNP I-NP
, , O
a DT B-NP
combination NN I-NP
gourmet NN I-NP
food NN I-NP
court NN I-NP
and CC I-NP
grocery NN I-NP
store NN I-NP
, , O
while IN B-SBAR
a DT B-NP
pianist NN I-NP
accompanies VBZ B-VP
the DT B-NP
noon NN I-NP
fashion NN I-NP
show NN I-NP
with IN B-PP
a DT B-NP
selection NN I-NP
of IN B-PP
dreamy JJ B-NP
melodies NNS I-NP
. . O

`` `` O
The DT B-NP
beautiful JJ I-NP
look NN I-NP
of IN B-PP
wool NN B-NP
, , O
'' '' O
croons VBZ B-VP
the DT B-NP
show NN I-NP
's POS B-NP
narrator NN I-NP
, , O
`` `` O
slightly RB B-ADJP
Victorian JJ I-ADJP
in IN B-PP
its PRP$ B-NP
influence NN I-NP
... : O
. . O
'' '' O

Meanwhile RB B-ADVP
, , O
in IN B-PP
the DT B-NP
squat JJ I-NP
office NN I-NP
buildings NNS I-NP
that WDT B-NP
ring VBP B-VP
Fashion NNP B-NP
Island NNP I-NP
, , O
the DT B-NP
odds NNS I-NP
are VBP B-VP
good JJ B-ADJP
that DT B-SBAR
someone NN B-NP
is VBZ B-VP
getting VBG I-VP
fleeced VBN I-VP
. . O

Law-enforcement JJ B-NP
authorities NNS I-NP
say VBP B-VP
that IN B-SBAR
at IN B-PP
any DT B-NP
given VBN I-NP
time NN I-NP
, , O
a DT B-NP
host NN I-NP
of IN B-PP
fraudulent JJ B-NP
telemarketing NN I-NP
operations NNS I-NP
mingle VBP B-VP
with IN B-PP
the DT B-NP
many JJ I-NP
legitimate JJ I-NP
businesses NNS I-NP
here RB B-ADVP
. . O

`` `` O
They PRP B-NP
seem VBP B-VP
to TO I-VP
like IN I-VP
these DT B-NP
industrial JJ I-NP
parks NNS I-NP
, , O
'' '' O
says VBZ B-VP
Kacy NNP B-NP
McClelland NNP I-NP
, , O
a DT B-NP
postal JJ I-NP
inspector NN I-NP
who WP B-NP
specializes VBZ B-VP
in IN B-PP
mail NN B-NP
fraud NN I-NP
. . O

`` `` O
We PRP B-NP
call VBP B-VP
them PRP B-NP
fraud NN B-NP
farms NNS I-NP
. . O
'' '' O

Welcome NNP B-INTJ
to TO B-PP
that DT B-NP
welter NN I-NP
of IN B-PP
contradictions NNS B-NP
known VBN B-VP
as IN B-PP
Newport NNP B-NP
Beach NNP I-NP
. . O

This DT B-NP
city NN I-NP
of IN B-PP
more JJR B-NP
than IN I-NP
70,000 CD I-NP
is VBZ B-VP
known VBN I-VP
for IN B-PP
sunshine NN B-NP
, , O
yachts NNS B-NP
and CC O
rich JJ B-NP
residents NNS I-NP
. . O

It PRP B-NP
is VBZ B-VP
also RB I-VP
known VBN I-VP
as IN B-PP
the DT B-NP
fraud NN I-NP
capital NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
dubbed VBN B-VP
by IN B-PP
investigators NNS B-NP
and CC O
the DT B-NP
media NNS I-NP
as IN B-PP
the DT B-NP
`` `` I-NP
Cote NNP I-NP
de FW I-NP
Fraud NNP I-NP
'' '' O
. . O

How WRB B-ADVP
does VBZ O
a DT B-NP
community NN I-NP
famous JJ B-ADJP
for IN B-PP
its PRP$ B-NP
high JJ I-NP
living VBG I-NP
end NN B-VP
up IN B-PRT
as IN B-PP
a DT B-NP
haven NN I-NP
for IN B-PP
low-lifes NNS B-NP
? . O

Clearly RB B-ADVP
, , O
the DT B-NP
existence NN I-NP
of IN B-PP
the DT B-NP
former JJ I-NP
lures NNS B-VP
the DT B-NP
latter NN I-NP
. . O

The DT B-NP
places NNS I-NP
renowned JJ B-VP
for IN B-PP
breeding VBG B-VP
bunco NN B-NP
, , O
like IN B-PP
the DT B-NP
Miami NNP I-NP
neighborhood NN I-NP
known VBN B-VP
as IN B-PP
the DT B-NP
`` `` I-NP
Maggot NNP I-NP
Mile NNP I-NP
'' '' O
and CC O
Las NNP B-NP
Vegas NNP I-NP
's POS B-NP
flashy JJ I-NP
strip NN I-NP
of IN B-PP
casinos NNS B-NP
, , O
invariably RB B-ADVP
offer VBP B-VP
fast JJ B-NP
cars NNS I-NP
, , O
high JJ B-NP
rollers NNS I-NP
, , O
glamorous JJ B-NP
women NNS I-NP
and CC O
lots NNS B-NP
of IN B-PP
sunshine NN B-NP
. . O

You PRP B-NP
do VBP B-VP
n't RB I-VP
hear VB I-VP
much JJ B-NP
about IN B-PP
unusual JJ B-NP
concentrations NNS I-NP
of IN B-PP
fraud NN B-NP
in IN B-PP
Green NNP B-NP
Bay NNP I-NP
or CC O
Buffalo NNP B-NP
. . O

Con JJ B-NP
men NNS I-NP
hate VBP B-VP
snow NN B-NP
. . O

Newport NNP B-NP
Beach NNP I-NP
fits VBZ B-VP
the DT B-NP
scam NN I-NP
artists NNS I-NP
' POS B-NP
specifications NNS I-NP
perfectly RB B-ADVP
. . O

What WP B-NP
more JJR I-NP
could MD O
a DT B-NP
con JJ I-NP
man NN I-NP
in IN B-PP
search NN B-NP
of IN B-PP
the DT B-NP
easy JJ I-NP
life NN I-NP
ask VB B-VP
for RB B-PP
? . O

Nothing NN B-NP
seems VBZ B-VP
hard JJ B-ADJP
here RB B-ADVP
. . O

The DT B-NP
breezes NNS I-NP
are VBP B-VP
soft JJ B-ADJP
, , O
the DT B-NP
waves NNS I-NP
lap VBP B-VP
gently RB B-ADVP
and CC O
the DT B-NP
palm NN I-NP
trees NNS I-NP
sway VBP B-VP
lazily RB B-ADVP
. . O

Nightlife NN B-NP
is VBZ B-VP
plentiful JJ B-ADJP
. . O

Moreover RB B-ADVP
, , O
ostentation NN B-NP
is VBZ B-VP
appreciated VBN I-VP
. . O

The DT B-NP
median JJ I-NP
price NN I-NP
of IN B-PP
homes NNS B-NP
is VBZ B-VP
$ $ B-NP
547,000 CD I-NP
; : O
more JJR B-NP
than IN I-NP
9,000 CD I-NP
vessels NNS I-NP
fill VBP B-VP
what WP B-NP
the DT B-NP
chamber NN I-NP
of IN B-PP
commerce NN B-NP
calls VBZ B-VP
the DT B-NP
nation NN I-NP
's POS B-NP
largest JJS I-NP
pleasure-boat NN I-NP
harbor NN I-NP
. . O

`` `` O
Blondes NNP B-NP
, , I-NP
cocaine NN I-NP
and CC I-NP
Corvettes NNS I-NP
, , O
'' '' O
mutters NNS B-VP
Mr. NNP B-NP
McClelland NNP I-NP
. . O

`` `` O
That DT B-NP
's VBZ B-VP
what WP B-NP
they PRP B-NP
're VBP B-VP
after IN B-PP
. . O
'' '' O

The DT B-NP
rich JJ I-NP
image NN I-NP
of IN B-PP
Newport NNP B-NP
Beach NNP I-NP
also RB B-ADVP
helps VBZ B-VP
lend VB I-VP
the DT B-NP
con JJ I-NP
artists NNS I-NP
' POS B-NP
operation NN I-NP
an DT B-NP
air NN I-NP
of IN B-PP
respectability NN B-NP
. . O

`` `` O
One CD B-NP
reason NN I-NP
they PRP B-NP
use VBP B-VP
Newport NNP B-NP
Beach NNP I-NP
is VBZ B-VP
that IN B-SBAR
it PRP B-NP
sounds VBZ B-VP
swankier JJR B-ADJP
than IN B-PP
most RBS B-NP
addresses NNS I-NP
, , O
'' '' O
says VBZ B-VP
David NNP B-NP
Katz NNP I-NP
, , O
a DT B-NP
U.S. NNP I-NP
attorney NN I-NP
who WP B-NP
, , O
until IN B-ADVP
recently RB I-ADVP
, , O
headed VBD B-VP
a DT B-NP
multi-agency JJ I-NP
Southern NNP I-NP
California NNP I-NP
fraud NN I-NP
task NN I-NP
force NN I-NP
. . O

`` `` O
Newport NNP B-NP
Beach NNP I-NP
is VBZ B-VP
known VBN I-VP
in IN B-PP
Rhode NNP B-NP
Island NNP I-NP
for IN B-PP
having VBG B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
rich JJ B-NP
people NNS I-NP
. . O
'' '' O

No DT B-NP
wonder NN I-NP
all DT B-NP
kinds NNS I-NP
of IN B-PP
big-time JJ B-NP
scams NNS I-NP
have VBP B-VP
flourished VBN I-VP
here RB B-ADVP
, , O
from IN B-PP
phony JJ B-NP
tax-sheltered JJ I-NP
Bible NNP I-NP
sales NNS I-NP
to TO B-PP
crooked JJ B-NP
car NN I-NP
dealers NNS I-NP
to TO B-PP
bogus JJ B-NP
penny-stock JJ I-NP
traders NNS I-NP
. . O

But CC O
above IN B-PP
all DT B-NP
, , O
this DT B-NP
is VBZ B-VP
the DT B-NP
national JJ I-NP
headquarters NN I-NP
for IN B-PP
boiler-room NN B-NP
operators NNS I-NP
, , O
those DT B-NP
slick-talking JJ I-NP
snake-oil JJ I-NP
salesmen NNS I-NP
who WP B-NP
use VBP B-VP
the DT B-NP
telephone NN I-NP
to TO B-VP
extract VB I-VP
money NN B-NP
from IN B-PP
the DT B-NP
gullible JJ I-NP
and CC O
the DT B-NP
greedy JJ I-NP
and CC O
then RB B-ADVP
vanish VBP B-VP
. . O

Because IN B-SBAR
only RB B-NP
a DT I-NP
fraction NN I-NP
of IN B-PP
them PRP B-NP
are VBP B-VP
ever RB I-VP
prosecuted VBN I-VP
, , O
nobody NN B-NP
really RB B-ADVP
knows VBZ B-VP
how WRB B-NP
much JJ I-NP
money NN I-NP
bogus JJ B-NP
telemarketing NN I-NP
operators NNS I-NP
really RB B-ADVP
harvest VBP B-VP
. . O

`` `` O
I PRP B-NP
've VBP B-VP
heard VBN I-VP
that IN B-SBAR
there EX B-NP
is VBZ B-VP
$ $ B-NP
40 CD I-NP
billion CD I-NP
taken VBN B-VP
in IN B-PRT
nationwide JJ B-ADVP
by IN B-PP
boiler NN B-NP
rooms NNS I-NP
every DT B-NP
year NN I-NP
, , O
'' '' O
Mr. NNP B-NP
McClelland NNP I-NP
says VBZ B-VP
. . O

`` `` O
If IN B-SBAR
that DT B-NP
's VBZ B-VP
true JJ B-ADJP
, , O
Orange NNP B-NP
County NNP I-NP
has VBZ B-VP
to TO I-VP
be VB I-VP
at IN B-NP
least JJS I-NP
10 CD I-NP
% NN I-NP
of IN B-PP
that DT B-NP
. . O
'' '' O

And CC O
most RBS B-NP
of IN B-PP
the DT B-NP
truly RB I-NP
big JJ I-NP
scams NNS I-NP
in IN B-PP
Orange NNP B-NP
County NNP I-NP
seem VB B-VP
to TO I-VP
originate VB I-VP
in IN B-PP
Newport NNP B-NP
Beach NNP I-NP
or CC O
one CD B-NP
of IN B-PP
the DT B-NP
other JJ I-NP
well-heeled JJ I-NP
communities NNS I-NP
that WDT B-NP
surround VBP B-VP
this DT B-NP
sliver-like JJ I-NP
city NN I-NP
that IN B-NP
hooks NNS B-VP
around IN B-PP
a DT B-NP
point NN I-NP
of IN B-PP
land NN B-NP
on IN B-PP
the DT B-NP
California NNP I-NP
coast NN I-NP
south RB B-ADVP
of IN B-PP
Los NNP B-NP
Angeles NNP I-NP
. . O

In IN B-PP
fact NN B-NP
, , O
sophisticated JJ B-NP
big-bucks JJ I-NP
boiler-room NN I-NP
scams NNS I-NP
are VBP B-VP
known VBN I-VP
generically RB B-ADVP
among IN B-PP
law-enforcement NN B-NP
types NNS I-NP
as IN B-PP
`` `` O
Newport NNP B-NP
Beach NNP I-NP
'' '' B-NP
operations NNS I-NP
. . O

That DT B-NP
contrasts NNS B-VP
with IN B-PP
the DT B-NP
penny-ante JJ I-NP
sales NNS I-NP
of IN B-PP
things NNS B-NP
such JJ B-PP
as IN I-PP
pen-and-pencil JJ B-NP
sets NNS I-NP
and CC O
office NN B-NP
supplies NNS I-NP
that WDT B-NP
are VBP B-VP
known VBN I-VP
as IN B-PP
`` `` O
Hollywood NNP B-NP
'' '' B-NP
scams NNS I-NP
. . O

Newport NNP B-NP
Beach NNP I-NP
telemarketers NNS I-NP
concentrate VBP B-VP
on IN B-PP
precious JJ B-NP
metals NNS I-NP
and CC O
oil-leasing NN B-NP
deals NNS I-NP
that IN B-NP
typically RB B-ADVP
cost VBP B-VP
thousands NNS B-NP
of IN B-PP
dollars NNS B-NP
a DT B-NP
shot NN I-NP
. . O

The DT B-NP
investors NNS I-NP
range VBP B-VP
from IN B-PP
elderly JJ B-NP
widows NNS I-NP
to TO B-PP
affluent JJ B-NP
professionals NNS I-NP
. . O

In IN B-PP
one CD B-NP
ingenious JJ I-NP
recent JJ I-NP
example NN I-NP
of IN B-PP
a DT B-NP
Newport NNP I-NP
Beach NNP I-NP
boiler NN I-NP
room NN I-NP
, , O
prospective JJ B-NP
investors NNS I-NP
in IN B-PP
Capital NNP B-NP
Trust NNP I-NP
Inc. NNP I-NP
were VBD B-VP
allegedly RB I-VP
told VBN I-VP
that IN B-SBAR
their PRP$ B-NP
investment NN I-NP
in IN B-PP
precious JJ B-NP
metals NNS I-NP
was VBD B-VP
insured VBN I-VP
against IN B-PP
losses NNS B-NP
`` `` O
caused VBN B-VP
by IN B-PP
employees NNS B-NP
due JJ B-ADJP
to TO B-PP
dishonesty NN B-NP
, , I-NP
destruction NN I-NP
or CC I-NP
disappearance NN I-NP
, , O
'' '' O
according VBG B-PP
to TO B-PP
an DT B-NP
indictment NN I-NP
handed VBD B-VP
up IN B-PRT
by IN B-PP
a DT B-NP
federal JJ I-NP
grand JJ I-NP
jury NN I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
last JJ B-NP
month NN I-NP
. . O

Thus RB B-ADVP
falsely RB B-VP
reassured VBN I-VP
, , O
investors NNS B-NP
sent VBD B-VP
$ $ B-NP
11.4 CD I-NP
million CD I-NP
to TO B-PP
the DT B-NP
Newport NNP I-NP
Beach NNP I-NP
company NN I-NP
, , O
most RBS B-NP
of IN B-PP
which WDT B-NP
was VBD B-VP
diverted VBN I-VP
to TO B-PP
unauthorized JJ B-NP
uses NNS I-NP
, , O
the DT B-NP
indictment NN I-NP
charges NNS B-VP
. . O

Douglas NNP B-NP
Jones NNP I-NP
, , O
an DT B-NP
attorney NN I-NP
representing VBG B-VP
Richard NNP B-NP
O. NNP I-NP
Kelly NNP I-NP
Sr. NNP I-NP
, , O
the DT B-NP
chairman NN I-NP
and CC I-NP
president NN I-NP
of IN B-PP
Capital NNP B-NP
Trust NNP I-NP
, , O
says VBZ B-VP
his PRP$ B-NP
client NN I-NP
denies VBZ B-VP
that IN B-SBAR
there EX B-NP
was VBD B-VP
any DT B-NP
attempt NN I-NP
to TO B-VP
defraud VB I-VP
investors NNS B-NP
. . O

`` `` O
There EX B-NP
were VBD B-VP
some DT B-NP
business NN I-NP
deals NNS I-NP
that WDT B-NP
went VBD B-VP
bad JJ B-ADJP
, , O
'' '' O
Mr. NNP B-NP
Jones NNP I-NP
says VBZ B-VP
, , O
`` `` O
but CC O
no DT B-NP
intent NN I-NP
to TO B-VP
defraud VB I-VP
. . O
'' '' O

Newport NNP B-NP
Beach NNP I-NP
operations NNS I-NP
differ VBP B-VP
from IN B-PP
the DT B-NP
Hollywood NNP I-NP
boiler NN I-NP
rooms NNS I-NP
in IN B-PP
style NN B-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
in IN B-PP
dollars NNS B-NP
. . O

Traditionally RB B-ADVP
, , O
boiler NN B-NP
rooms NNS I-NP
operate VBP B-VP
on IN B-PP
the DT B-NP
cheap NN I-NP
, , O
since IN B-SBAR
few JJ O
, , O
if IN B-SBAR
any DT B-ADJP
, , O
customers NNS B-NP
ever RB B-ADVP
visit VBP B-VP
their PRP$ B-NP
offices NNS I-NP
. . O

Indeed RB B-INTJ
, , O
the DT B-NP
name NN I-NP
derives VBZ B-VP
from IN B-PP
the DT B-NP
tendency NN I-NP
among IN B-PP
telemarketing NN B-NP
scammers NNS I-NP
to TO B-VP
rent VB I-VP
cheap JJ B-NP
basement NN I-NP
space NN I-NP
, , O
near IN B-PP
the DT B-NP
boiler NN I-NP
room NN I-NP
. . O

But CC O
, , O
says VBZ B-VP
Mr. NNP B-NP
Katz NNP I-NP
, , O
the DT B-NP
U.S. NNP I-NP
attorney NN I-NP
, , O
`` `` O
the DT B-NP
interesting JJ I-NP
thing NN I-NP
about IN B-PP
Newport NNP B-NP
Beach NNP I-NP
operations NNS I-NP
is VBZ B-VP
that IN B-SBAR
they PRP B-NP
give VBP B-VP
themselves PRP B-NP
the DT B-NP
indulgence NN I-NP
of IN B-PP
beautiful JJ B-NP
offices NNS I-NP
, , O
with IN B-PP
plush JJ B-NP
furnishings NNS I-NP
. . O

When WRB B-ADVP
we PRP B-NP
go VBP B-VP
there EX B-ADVP
, , O
it PRP B-NP
's VBZ B-VP
quite RB B-ADJP
different JJ I-ADJP
from IN B-PP
these DT B-NP
Hollywood NNP I-NP
places NNS I-NP
where WRB B-ADVP
the DT B-NP
sandwiches NNS I-NP
are VBP B-VP
spread NN I-VP
out IN B-PRT
on IN B-PP
the DT B-NP
table NN I-NP
and CC O
the DT B-NP
people NNS I-NP
are VBP B-VP
picking VBG I-VP
their PRP$ B-NP
noses NNS I-NP
. . O
'' '' O

The DT B-NP
Newport NNP I-NP
Beach NNP I-NP
operators NNS I-NP
also RB B-ADVP
tend VBP B-VP
to TO I-VP
indulge VB I-VP
themselves PRP B-NP
privately RB B-ADVP
. . O

Investigators NNS B-NP
cite VBP B-VP
the DT B-NP
case NN I-NP
of IN B-PP
Matthew NNP B-NP
Valentine NNP I-NP
, , O
who WP B-NP
is VBZ B-VP
currently RB I-VP
serving VBG I-VP
a DT B-NP
six-year JJ I-NP
sentence NN I-NP
at IN B-PP
Lompoc NNP B-NP
Federal NNP I-NP
Prison NNP I-NP
for IN B-PP
his PRP$ B-NP
role NN I-NP
in IN B-PP
Intech NNP B-NP
Investment NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
promised VBD B-VP
investors NNS B-NP
returns NNS B-NP
of IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
625 CD I-NP
% NN I-NP
on IN B-PP
precious JJ B-NP
metals NNS I-NP
. . O

Mr. NNP B-NP
Valentine NNP I-NP
, , O
who WP B-NP
pleaded VBD B-VP
guilty JJ B-ADJP
to TO B-PP
five CD B-NP
counts NNS I-NP
of IN B-PP
fraud NN B-NP
in IN B-PP
federal JJ B-NP
court NN I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
, , O
drove VBD B-VP
a DT B-NP
leased VBN I-NP
Mercedes NNP I-NP
and CC O
lived VBD B-VP
in IN B-PP
an DT B-NP
expensive JJ I-NP
home NN I-NP
on IN B-PP
Lido NNP B-NP
Isle NNP I-NP
, , O
an DT B-NP
island NN I-NP
in IN B-PP
Newport NNP B-NP
's POS B-NP
harbor NN I-NP
, , O
according VBG B-PP
to TO B-PP
investigators NNS B-NP
. . O

With IN B-PP
the DT B-NP
$ $ I-NP
3 CD I-NP
million CD I-NP
received VBD B-VP
from IN B-PP
investors NNS B-NP
, , O
he PRP B-NP
took VBD B-VP
frequent JJ B-NP
junkets NNS I-NP
with IN B-PP
friends NNS B-NP
to TO B-PP
exotic JJ B-NP
locales NNS I-NP
and CC O
leased VBD B-VP
an DT B-NP
expensive JJ I-NP
BMW NNP I-NP
for IN B-PP
his PRP$ B-NP
girlfriend NN I-NP
, , O
whom WP B-NP
he PRP B-NP
met VBD B-VP
at IN B-PP
the DT B-NP
shop NN I-NP
where WRB B-ADVP
he PRP B-NP
got VBD B-VP
his PRP$ B-NP
custom-tailored JJ I-NP
suits NNS I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
amazing JJ B-ADJP
the DT B-NP
amount NN I-NP
of IN B-PP
money NN B-NP
that WDT B-NP
goes VBZ B-VP
up IN B-PP
their PRP$ B-NP
nose NN I-NP
, , O
out IN B-PP
to TO B-PP
the DT B-NP
dog NN I-NP
track NN I-NP
or CC B-PP
to TO B-PP
the DT B-NP
tables NNS I-NP
in IN B-PP
Las NNP B-NP
Vegas NNP I-NP
, , O
'' '' O
Mr. NNP B-NP
Katz NNP I-NP
says VBZ B-VP
. . O

All DT B-NP
this DT I-NP
talk NN I-NP
of IN B-PP
boiler NN B-NP
rooms NNS I-NP
and CC O
fraud NN B-NP
is VBZ B-VP
unnerving VBG B-ADJP
to TO B-PP
the DT B-NP
city NN I-NP
's POS B-NP
legitimate JJ I-NP
business NN I-NP
element NN I-NP
. . O

Vincent NNP B-NP
M NNP I-NP
Ciavarella NNP I-NP
, , O
regional JJ B-NP
manager NN I-NP
of IN B-PP
Property NNP B-NP
Management NNP I-NP
Systems NNPS I-NP
, , O
insists VBZ B-VP
he PRP B-NP
does VBZ B-VP
n't RB I-VP
know VB I-VP
of IN B-PP
any DT B-NP
bogus JJ I-NP
telemarketers NNS I-NP
operating VBG B-VP
in IN B-PP
the DT B-NP
1.6 CD I-NP
million CD I-NP
square NN I-NP
feet NNS I-NP
of IN B-PP
office NN B-NP
space NN I-NP
around IN B-PP
Fashion NNP B-NP
Island NNP I-NP
that IN B-NP
his PRP$ B-NP
company NN I-NP
leases NNS B-VP
for IN B-PP
Irvine NNP B-NP
Co. NNP I-NP
, , O
the DT B-NP
owner NN I-NP
and CC I-NP
developer NN I-NP
of IN B-PP
the DT B-NP
project NN I-NP
. . O

Mr. NNP B-NP
Ciavarella NNP I-NP
has VBZ B-VP
rejected VBN I-VP
a DT B-NP
few JJ I-NP
prospective JJ I-NP
tenants NNS I-NP
who WP B-NP
provided VBD B-VP
`` `` B-NP
incomplete JJ I-NP
'' '' I-NP
financial JJ I-NP
information NN I-NP
and CC O
acknowledges VBZ B-VP
that IN B-SBAR
illegitimate JJ B-NP
operators NNS I-NP
`` `` O
are VBP B-VP
not RB O
easily RB B-ADJP
detectable JJ I-ADJP
. . O

'' '' O
-LRB- ( O
Investigators NNS B-NP
stress VBP B-VP
that IN B-SBAR
building NN B-NP
owners NNS I-NP
are VBP B-VP
victims NNS B-NP
, , O
too RB B-ADVP
, , O
since IN B-SBAR
boiler NN B-NP
rooms NNS I-NP
often RB B-ADVP
leave VBP B-VP
without IN B-PP
paying VBG B-VP
rent NN B-NP
. . O
-RRB- ) O

Richard NNP B-NP
Luehrs NNP I-NP
, , O
president NN B-NP
of IN B-PP
the DT B-NP
Newport NNP I-NP
Harbor NNP I-NP
Area NNP I-NP
Chamber NNP I-NP
of IN B-PP
Commerce NNP B-NP
, , O
calls VBZ B-VP
boiler NN B-NP
rooms NNS I-NP
a DT B-NP
`` `` I-NP
negative JJ I-NP
we PRP B-NP
wish VBP B-VP
we PRP B-NP
could MD B-VP
get VB I-VP
rid JJ I-VP
of IN B-PP
. . O
'' '' O

Actually RB B-ADVP
, , O
`` `` O
we PRP B-NP
do VBP B-VP
n't RB I-VP
get VB I-VP
much JJ B-NP
negative JJ I-NP
publicity NN I-NP
about IN B-PP
this DT B-NP
, , O
'' '' O
he PRP B-NP
insists VBZ B-VP
, , O
`` `` O
except IN B-PP
for IN B-PP
the DT B-NP
press NN I-NP
who WP B-NP
write VBP B-VP
about IN B-PP
it PRP B-NP
. . O
'' '' O

Mr. NNP B-NP
Lancaster NNP I-NP
is VBZ B-VP
deputy NN B-NP
chief NN I-NP
of IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
Dallas NNP I-NP
bureau NN I-NP
. . O

YOU PRP B-NP
WENT VBD B-VP
to TO B-PP
college NN B-NP
and CC O
thought VBD B-VP
you PRP B-NP
got VBD B-VP
an DT B-NP
education NN I-NP
. . O

Now RB B-ADVP
you PRP B-NP
discover VBP B-VP
that IN B-SBAR
you PRP B-NP
never RB B-ADVP
learned VBD B-VP
the DT B-NP
most RBS I-NP
important JJ I-NP
lesson NN I-NP
: : O
How WRB B-ADVP
to TO B-VP
send VB I-VP
your PRP$ B-NP
kids NNS I-NP
to TO B-PP
college NN B-NP
. . O

True JJ B-ADJP
, , O
when WRB B-ADVP
you PRP B-NP
went VBD B-VP
to TO B-PP
college NN B-NP
, , O
there EX B-NP
was VBD B-VP
n't RB O
that IN B-NP
much JJ I-NP
to TO B-VP
learn VB I-VP
. . O

Stick NNP B-VP
some DT B-NP
money NN I-NP
in IN B-PP
an DT B-NP
interest-bearing JJ I-NP
account NN I-NP
and CC O
watch VB B-VP
it PRP B-NP
grow VB B-VP
. . O

Now RB B-ADVP
, , O
investment NN B-NP
salesmen NNS I-NP
say VBP B-VP
it PRP B-NP
's VBZ B-VP
time NN B-NP
to TO B-VP
take VB I-VP
some DT B-NP
risks NNS I-NP
if IN B-SBAR
you PRP B-NP
want VBP B-VP
the DT B-NP
kind NN I-NP
of IN B-PP
returns NNS B-NP
that WDT B-NP
will MD B-VP
buy VB I-VP
your PRP$ B-NP
toddler NN I-NP
a DT B-NP
ticket NN I-NP
to TO B-PP
Prestige NNP B-NP
U. NNP I-NP
in IN B-PP
18 CD B-NP
years NNS I-NP
. . O

In IN B-PP
short JJ B-NP
, , O
throw VB B-VP
away RB B-ADVP
the DT B-NP
passbook NN I-NP
and CC O
go VB B-VP
for IN B-PP
the DT B-NP
glory NN I-NP
. . O

The DT B-NP
reason NN I-NP
is VBZ B-VP
cost NN B-NP
. . O

Nothing NN B-NP
in IN B-PP
the DT B-NP
annals NNS I-NP
of IN B-PP
tuition NN B-NP
readied VBD B-VP
parents NNS B-NP
for IN B-PP
the DT B-NP
1980s CD I-NP
. . O

Tuitions NNS B-NP
at IN B-PP
private JJ B-NP
colleges NNS I-NP
rose VBD B-VP
154 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
10 CD I-NP
years NNS I-NP
ended VBD B-VP
in IN B-PP
June NNP B-NP
of IN B-PP
this DT B-NP
year NN I-NP
; : O
that DT B-NP
's VBZ B-VP
twice RB B-NP
the DT I-NP
77 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
consumer NN B-NP
prices NNS I-NP
for IN B-PP
the DT B-NP
same JJ I-NP
period NN I-NP
. . O

A DT B-NP
year NN I-NP
at IN B-PP
Harvard NNP B-NP
now RB B-ADVP
goes VBZ B-VP
for IN B-PP
$ $ B-NP
19,395 CD I-NP
. . O

By IN B-PP
2007 CD B-NP
, , O
when WRB B-ADVP
this DT B-NP
year NN I-NP
's POS B-NP
newborns NNS I-NP
hit VBD B-VP
campus NN B-NP
, , O
a DT B-NP
four-year JJ I-NP
Ivy NNP I-NP
League NNP I-NP
sheepskin NN I-NP
will MD B-VP
cost VB I-VP
$ $ B-NP
300,000 CD I-NP
, , O
give VB B-PP
or CC I-PP
take VB O
a DT B-NP
few JJ I-NP
pizzas-with-everything NNS I-NP
at IN B-PP
exam NN B-NP
time NN I-NP
. . O

Stanford NNP B-NP
, , O
MIT NNP B-NP
and CC O
other JJ B-NP
utmosts NNS I-NP
will MD B-VP
cost VB I-VP
no DT B-NP
less JJR I-NP
. . O

So RB O
what WP B-NP
's VBZ O
a DT B-NP
parent NN I-NP
to TO B-VP
do VB I-VP
? . O

Some DT B-NP
investment NN I-NP
advisers NNS I-NP
are VBP B-VP
suggesting VBG I-VP
, , O
in IN B-PP
effect NN B-NP
, , O
a DT B-NP
bet NN I-NP
on IN B-PP
a DT B-NP
start-up JJ I-NP
investment NN I-NP
pool NN I-NP
-- : B-PP
maybe RB I-PP
even RB I-PP
on IN B-PP
margin NN B-NP
. . O

Others NNS B-NP
prefer VBP B-VP
deep-discount JJ B-NP
zero-coupon JJ I-NP
bonds NNS I-NP
. . O

Still JJ B-NP
others NNS I-NP
say VBP B-VP
, , O
Why WRB B-ADVP
not RB O
take VB B-VP
a DT B-NP
chance NN I-NP
on IN B-PP
a DT B-NP
high-octane JJ I-NP
growth NN I-NP
fund NN I-NP
? . O

`` `` O
You PRP B-NP
're VBP B-VP
not RB I-VP
going VBG I-VP
to TO I-VP
make VB I-VP
it PRP B-NP
in IN B-PP
a DT B-NP
5 NN I-NP
% NN I-NP
bank NN I-NP
account NN I-NP
, , O
'' '' O
says VBZ B-VP
James NNP B-NP
Riepe NNP I-NP
, , O
director NN B-NP
of IN B-PP
mutual JJ B-NP
funds NNS I-NP
at IN B-PP
T. NNP B-NP
Rowe NNP I-NP
Price NNP I-NP
. . O

To TO B-VP
get VB I-VP
the DT B-NP
necessary JJ I-NP
growth NN I-NP
, , O
adds VBZ B-VP
Murray NNP B-NP
Ruffel NNP I-NP
, , O
a DT B-NP
marketing NN I-NP
official NN I-NP
at IN B-PP
the DT B-NP
Financial NNP I-NP
Programs NNS I-NP
mutual-fund JJ I-NP
group NN I-NP
, , O
`` `` O
you PRP B-NP
need VBP B-VP
to TO I-VP
go VB I-VP
to TO B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O
'' '' O

In IN B-PP
other JJ B-NP
words NNS I-NP
, , O
a DT B-NP
little JJ I-NP
volatility NN I-NP
never RB B-ADVP
hurt VBD B-VP
. . O

It PRP B-NP
never RB B-ADVP
hurt VBD B-VP
anyone NN B-NP
, , O
that DT B-INTJ
is VBZ I-INTJ
, , O
unless IN B-SBAR
the DT B-NP
growth NN I-NP
funds NNS I-NP
do VBP B-VP
n't RB I-VP
grow VB I-VP
when WRB B-ADVP
you PRP B-NP
need VBP B-VP
them PRP B-NP
to TO B-VP
. . O

Or CC O
the DT B-NP
zero-coupon JJ I-NP
bonds NNS I-NP
turn VBP B-VP
out IN B-PRT
not RB O
to TO B-VP
have VB I-VP
been VBN I-VP
discounted VBN I-VP
deeply RB B-ADVP
enough RB I-ADVP
to TO B-VP
pay VB I-VP
your PRP$ B-NP
kid NN I-NP
's POS B-NP
tuition NN I-NP
. . O

That DT B-NP
's VBZ B-VP
the DT B-NP
dilemma NN I-NP
for IN B-PP
today NN B-NP
's POS B-NP
parent NN I-NP
. . O

Although IN B-SBAR
many JJ B-NP
experts NNS I-NP
are VBP B-VP
advising VBG I-VP
risk NN B-NP
, , O
no DT B-NP
one CD I-NP
has VBZ B-VP
a DT B-NP
good JJ I-NP
answer NN I-NP
for IN B-PP
you PRP B-NP
if IN B-SBAR
the DT B-NP
risk NN I-NP
does VBZ B-VP
n't RB I-VP
pay VB I-VP
off RB B-PRT
. . O

Help VB B-NP
may MD B-VP
be VB I-VP
on IN B-PP
the DT B-NP
way NN I-NP
. . O

The DT B-NP
antitrust JJ I-NP
division NN I-NP
of IN B-PP
the DT B-NP
Justice NNP I-NP
Department NNP I-NP
is VBZ B-VP
investigating VBG I-VP
the DT B-NP
oddly RB I-NP
similar JJ I-NP
tuition NN I-NP
charges NNS I-NP
and CC I-NP
increases NNS I-NP
among IN B-PP
the DT B-NP
top JJ I-NP
schools NNS I-NP
. . O

Fear NN B-NP
of IN B-PP
the DT B-NP
price NN I-NP
police NN I-NP
could MD B-VP
help VB I-VP
cool JJ I-VP
things NNS B-NP
off IN B-PRT
in IN B-PP
the DT B-NP
1990s CD I-NP
. . O

And CC O
then RB B-ADVP
there EX B-NP
's VBZ B-VP
always RB B-ADVP
State NNP B-NP
U NNP I-NP
. . O

But CC O
parents NNS B-NP
' POS B-NP
craving NN I-NP
for IN B-PP
a DT B-NP
top-rated JJ I-NP
education NN I-NP
for IN B-PP
their PRP$ B-NP
children NNS I-NP
is VBZ B-VP
growing VBG I-VP
like IN B-PP
their PRP$ B-NP
taste NN I-NP
for IN B-PP
fancy JJ B-NP
wheels NNS I-NP
and CC O
vintage JJ B-NP
wine NN I-NP
. . O

Belatedly RB B-ADVP
aware JJ B-ADJP
of IN B-PP
public JJ B-NP
concern NN I-NP
, , O
lawmakers NNS B-NP
and CC O
financial JJ B-NP
middlemen NNS I-NP
are VBP B-VP
working VBG I-VP
overtime NN B-ADVP
to TO B-VP
create VB I-VP
and CC I-VP
sell VB I-VP
college NN B-NP
savings NNS I-NP
and CC I-NP
investment NN I-NP
schemes NNS I-NP
. . O

Their PRP$ B-NP
message NN I-NP
, , O
explicit JJ B-ADJP
or CC I-ADJP
implicit JJ I-ADJP
, , O
is VBZ B-VP
that IN B-SBAR
a DT B-NP
good JJ I-NP
college NN I-NP
will MD B-VP
cost VB I-VP
so RB B-NP
much JJ I-NP
by IN B-PP
whenever WRB B-ADVP
you PRP B-NP
want VBP B-VP
it PRP B-NP
that IN B-SBAR
the DT B-NP
tried VBN I-NP
and CC I-NP
true JJ I-NP
wo MD B-VP
n't RB I-VP
do VB I-VP
anymore RB B-ADVP
. . O

Forget VB B-VP
about IN B-PP
Treasury NNP B-NP
bills NNS I-NP
or CC O
a DT B-NP
money-market JJ I-NP
fund NN I-NP
. . O

The DT B-NP
latest JJS I-NP
wave NN I-NP
of IN B-PP
marketing NN B-NP
is VBZ B-VP
instructive JJ B-ADJP
. . O

Several JJ B-NP
outfits NN I-NP
-- : O
including VBG B-PP
the DT B-NP
Financial NNP I-NP
Programs NNS I-NP
, , O
Franklin NNP B-NP
, , O
and CC O
T. NNP B-NP
Rowe NNP I-NP
Price NNP I-NP
mutual-fund JJ I-NP
groups NNS I-NP
and CC O
the DT B-NP
Edward NNP I-NP
D. NNP I-NP
Jones NNP I-NP
brokerage NN I-NP
house NN I-NP
-- : O
are VBP B-VP
advertising VBG I-VP
`` `` B-NP
college NN I-NP
planner NN I-NP
'' '' I-NP
tables NNS I-NP
and CC I-NP
charts NNS I-NP
that WDT B-NP
tell VBP B-VP
you PRP B-NP
how WRB B-NP
much JJ I-NP
you PRP B-NP
need VBP B-VP
to TO I-VP
put VB I-VP
aside RB B-ADVP
regularly RB B-ADVP
. . O

The DT B-NP
calculations NNS I-NP
generally RB B-ADVP
rely VBP B-VP
on IN B-PP
an DT B-NP
after-tax JJ I-NP
rate NN I-NP
of IN B-PP
return NN B-NP
of IN B-PP
8 CD B-NP
% NN I-NP
annually RB B-ADVP
-- : O
a DT B-NP
rate NN I-NP
historically RB B-ADJP
obtainable JJ I-ADJP
by IN B-PP
the DT B-NP
individual NN I-NP
in IN B-PP
only RB B-NP
one CD I-NP
place NN I-NP
, , O
the DT B-NP
stock NN I-NP
market NN I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
mailers NNS I-NP
are VBP B-VP
free JJ B-ADJP
, , O
but CC O
Denver-based NNP B-NP
Financial NNP I-NP
Programs NNS I-NP
sells VBZ B-VP
, , O
for IN B-PP
$ $ B-NP
15 CD I-NP
, , O
a DT B-NP
version NN I-NP
customized VBN B-VP
to TO B-PP
the DT B-NP
age NN I-NP
of IN B-PP
the DT B-NP
child NN I-NP
and CC O
the DT B-NP
college NN I-NP
of IN B-PP
choice NN B-NP
. . O

The DT B-NP
figures NNS I-NP
are VBP B-VP
shocking JJ B-ADJP
. . O

To TO B-VP
build VB I-VP
a DT B-NP
nest NN I-NP
egg NN I-NP
that WDT B-NP
would MD B-VP
pay VB I-VP
for IN B-PP
Stanford NNP B-NP
when WRB B-ADVP
a DT B-NP
current JJ I-NP
first-grader NN I-NP
reaches VBZ B-VP
college NN B-NP
age NN I-NP
, , O
parents NNS B-NP
would MD B-VP
need VB I-VP
to TO I-VP
set VB I-VP
aside RB B-ADVP
$ $ B-NP
773.94 CD I-NP
a DT B-NP
month NN I-NP
-- : O
for IN B-PP
12 CD B-NP
years NNS I-NP
. . O

They PRP B-NP
can MD B-VP
cut VB I-VP
this DT B-NP
to TO B-PP
$ $ B-NP
691.09 CD I-NP
a DT B-NP
month NN I-NP
if IN B-SBAR
the DT B-NP
investing VBG I-NP
keeps VBZ B-VP
up IN B-PRT
through IN B-PP
college NN B-NP
. . O

And CC O
they PRP B-NP
can MD B-VP
further VB I-VP
reduce VB I-VP
the DT B-NP
monthly JJ I-NP
amount NN I-NP
if IN B-SBAR
they PRP B-NP
start VBP B-VP
saving VBG I-VP
earlier RBR B-ADVP
-- : O
when WRB B-ADVP
mother NN B-NP
and CC I-NP
child NN I-NP
come VB B-VP
home NN B-NP
from IN B-PP
the DT B-NP
hospital NN I-NP
. . O

Plugging VBG B-VP
a DT B-NP
cheaper JJR I-NP
college NN I-NP
into IN B-PP
the DT B-NP
formulas NNS I-NP
still RB B-ADVP
does VBZ B-VP
n't RB I-VP
generate VB I-VP
an DT B-NP
installment NN I-NP
most RBS B-NP
people NNS I-NP
can MD B-VP
live VB I-VP
with RB B-PP
. . O

Using VBG B-VP
a DT B-NP
recent JJ I-NP
average JJ I-NP
private-school JJ I-NP
cost NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
12,500 CD I-NP
a DT B-NP
year NN I-NP
, , O
T. NNP B-NP
Rowe NNP I-NP
Price NNP I-NP
's POS B-NP
planner NN I-NP
prescribes VBZ B-VP
$ $ B-NP
450 CD I-NP
monthly JJ B-ADVP
if IN B-SBAR
the DT B-NP
plan NN I-NP
begins VBZ B-VP
when WRB B-ADVP
the DT B-NP
child NN I-NP
is VBZ B-VP
six CD B-NP
. . O

Since IN B-SBAR
the DT B-NP
formula NN I-NP
assumes VBZ B-VP
an DT B-NP
8 CD I-NP
% NN I-NP
before-tax JJ I-NP
return NN I-NP
in IN B-PP
a DT B-NP
mutual JJ I-NP
fund NN I-NP
, , O
there EX B-NP
would MD B-VP
also RB I-VP
be VB I-VP
$ $ B-NP
16,500 CD I-NP
in IN B-PP
taxes NNS B-NP
to TO B-VP
pay VB I-VP
over IN B-PP
the DT B-NP
12 CD I-NP
years NNS I-NP
. . O

Not RB B-NP
everyone NN I-NP
is VBZ B-VP
so RB B-ADJP
pessimistic JJ I-ADJP
. . O

`` `` O
People NNS B-NP
are VBP B-VP
basically RB I-VP
peddling VBG I-VP
a DT B-NP
lot NN I-NP
of IN B-PP
fear NN B-NP
, , O
'' '' O
says VBZ B-VP
Arthur NNP B-NP
Hauptman NNP I-NP
, , O
a DT B-NP
consultant NN I-NP
to TO B-PP
the DT B-NP
American NNP I-NP
Council NNP I-NP
on IN B-PP
Education NNP B-NP
in IN B-PP
Washington NNP B-NP
. . O

He PRP B-NP
takes VBZ B-VP
issue NN B-NP
with IN B-PP
projections NNS B-NP
that WDT B-NP
do VBP B-VP
n't RB O
factor VB B-NP
in IN B-PRT
students NNS B-NP
' POS B-NP
own JJ I-NP
contribution NN I-NP
, , O
which WDT B-NP
reduces VBZ B-VP
most RBS B-NP
parents NNS I-NP
' POS B-NP
burden NN I-NP
substantially RB B-ADVP
. . O

Still RB B-ADVP
, , O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
it PRP B-NP
's VBZ B-VP
no DT B-NP
bad JJ I-NP
thing NN I-NP
'' '' O
if IN B-SBAR
all PDT B-NP
the DT I-NP
marketing NN I-NP
prods VBZ B-VP
people NNS B-NP
into IN B-PP
putting VBG B-VP
aside RB B-ADVP
a DT B-NP
little RB I-NP
more JJR I-NP
. . O

`` `` O
The DT B-NP
situation NN I-NP
you PRP B-NP
want VBP B-VP
to TO I-VP
avoid VB I-VP
is VBZ B-VP
having VBG B-VP
somebody NN B-NP
not RB B-VP
save VB I-VP
anything NN B-NP
and CC O
hope NN B-VP
they PRP B-NP
'll MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
do VB I-VP
it PRP B-NP
out IN B-PP
of IN B-PP
current JJ B-NP
income NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
That DT B-NP
's VBZ B-VP
crazy JJ B-ADJP
. . O
'' '' O

His PRP$ B-NP
advice NN I-NP
: : O
Do VBP B-VP
n't RB I-VP
panic VB I-VP
. . O

Parents NNS B-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
should MD B-VP
aim VB I-VP
at IN B-PP
whatever WDT B-NP
regular JJ I-NP
investment NN I-NP
sum NN I-NP
they PRP B-NP
can MD B-VP
afford VB I-VP
. . O

Half NN B-NP
the DT B-NP
amount NN I-NP
that IN B-NP
the DT B-NP
investment NN I-NP
tables NNS I-NP
suggest VBP B-VP
might MD B-VP
be VB I-VP
a DT B-NP
good JJ I-NP
goal NN I-NP
, , O
he PRP B-NP
adds VBZ B-VP
. . O

That DT B-NP
way NN I-NP
, , O
parents NNS B-NP
will MD B-VP
reduce VB I-VP
borrowings NNS B-NP
and CC O
outlays NNS B-NP
from IN B-PP
current JJ B-NP
income NN I-NP
when WRB B-ADVP
the DT B-NP
time NN I-NP
comes VBZ B-VP
to TO B-VP
pay VB I-VP
tuition NN B-NP
. . O

Mr. NNP B-NP
Hauptman NNP I-NP
reckons VBZ B-VP
that IN B-SBAR
the DT B-NP
best JJS I-NP
investment NN I-NP
choice NN I-NP
is VBZ B-VP
mutual JJ B-NP
funds NNS I-NP
because IN B-SBAR
they PRP B-NP
are VBP B-VP
managed VBN I-VP
and CC O
over IN B-PP
time NN B-NP
have VBP B-VP
nearly RB B-ADVP
kept VBN B-VP
up IN B-PRT
with IN B-PP
the DT B-NP
broad JJ I-NP
stock NN I-NP
averages NNS I-NP
. . O

He PRP B-NP
favors VBZ B-VP
either DT B-NP
an DT B-NP
all-stock JJ I-NP
fund NN I-NP
or CC O
a DT B-NP
balanced JJ I-NP
fund NN I-NP
that IN B-NP
mixes VBZ B-VP
both DT B-NP
stocks NNS I-NP
and CC I-NP
bonds NNS I-NP
. . O

In IN B-PP
their PRP$ B-NP
anxiety NN I-NP
, , O
however RB B-ADVP
, , O
parents NNS B-NP
and CC O
other JJ B-NP
student NN I-NP
benefactors NNS I-NP
are VBP B-VP
flocking VBG I-VP
to TO B-PP
new JJ B-NP
schemes NNS I-NP
. . O

They PRP B-NP
have VBP B-VP
laid VBN I-VP
out IN B-PRT
about RB B-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
for IN B-PP
so-called JJ B-NP
baccalaureate NN I-NP
zero-coupon JJ I-NP
municipal JJ I-NP
bonds NNS I-NP
-- : O
so RB B-VP
far RB I-VP
offered VBN I-VP
by IN B-PP
Connecticut NNP B-NP
, , O
Illinois NNP B-NP
, , O
Virginia NNP B-NP
and CC O
eight CD B-NP
other JJ I-NP
states NNS I-NP
. . O

And CC O
they PRP B-NP
have VBP B-VP
bought VBN I-VP
about RB B-NP
$ $ I-NP
500 CD I-NP
million CD I-NP
in IN B-PP
prepaid-tuition JJ B-NP
plans NNS I-NP
, , O
offered VBN B-VP
in IN B-PP
Michigan NNP B-NP
, , I-NP
Florida NNP I-NP
and CC I-NP
Wyoming NNP I-NP
. . O

The DT B-NP
prepaid JJ I-NP
plans NNS I-NP
take VBP B-VP
payment NN B-NP
today NN B-NP
-- : O
usually RB B-ADVP
at IN B-PP
current JJ B-NP
tuitions NNS I-NP
or CC B-PP
at IN B-PP
a DT B-NP
slight JJ I-NP
discount NN I-NP
-- : O
for IN B-PP
a DT B-NP
promise NN I-NP
that DT O
tuition NN B-NP
will MD B-VP
be VB I-VP
covered VBN I-VP
tomorrow NN B-NP
. . O

The DT B-NP
baccalaureate NN I-NP
bonds NNS I-NP
-- : O
tax-free JJ B-ADJP
, , O
offered VBN B-VP
in IN B-PP
small JJ B-NP
denominations NNS I-NP
and CC O
usually RB B-VP
containing VBG I-VP
a DT B-NP
provision NN I-NP
that IN B-SBAR
they PRP B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
called VBN I-VP
before IN B-PP
maturity NN B-NP
-- : O
seem VB B-VP
to TO I-VP
be VB I-VP
tailor-made JJ B-ADJP
for IN B-PP
college NN B-NP
savers NNS I-NP
. . O

Like IN B-PP
other JJ B-NP
zeros NNS I-NP
, , O
they PRP B-NP
pay VBP B-VP
all DT B-NP
their PRP$ I-NP
interest NN I-NP
at IN B-PP
maturity NN B-NP
, , O
meaning NN B-VP
that IN B-SBAR
buyers NNS B-NP
can MD B-VP
time VB I-VP
things NNS B-NP
so RB B-SBAR
that IN I-SBAR
their PRP$ B-NP
bonds NNS I-NP
pay VBP B-VP
off IN B-PRT
just RB B-ADVP
when WRB I-ADVP
Junior JJ B-NP
graduates NNS B-VP
from IN B-PP
high JJ B-NP
school NN I-NP
. . O

Their PRP$ B-NP
compounding NN I-NP
effect NN I-NP
is VBZ B-VP
also RB B-ADVP
alluring JJ B-ADJP
. . O

In IN B-PP
June NNP B-NP
, , O
Virginia NNP B-NP
sold VBD B-VP
bonds NNS B-NP
for IN B-PP
$ $ B-NP
268.98 CD I-NP
that WDT B-NP
will MD B-VP
pay VB I-VP
$ $ B-NP
1,000 CD I-NP
in IN B-PP
2009 CD B-NP
. . O

But CC O
Richard NNP B-NP
Anderson NNP I-NP
, , O
head NN B-NP
of IN B-PP
the DT B-NP
Forum NNP I-NP
for IN B-PP
College NNP B-NP
Financing NNP I-NP
Alternatives NNP I-NP
, , O
at IN B-PP
Columbia NNP B-NP
University NNP I-NP
, , O
a DT B-NP
research NN I-NP
group NN I-NP
partly RB B-VP
financed VBD I-VP
by IN B-PP
the DT B-NP
federal JJ I-NP
government NN I-NP
, , O
says VBZ B-VP
zeros NNS B-NP
are VBP B-VP
particularly RB B-ADJP
ill-suited JJ I-ADJP
. . O

Their PRP$ B-NP
price NN I-NP
falls VBZ B-VP
further JJ B-ADVP
than IN B-PP
that DT B-NP
of IN B-PP
other JJ B-NP
bonds NNS I-NP
when WRB B-ADVP
inflation NN B-NP
and CC O
interest NN B-NP
rates NNS I-NP
kick VBP B-VP
up RB B-PRT
. . O

That DT B-NP
wo MD B-VP
n't RB I-VP
matter VB I-VP
if IN B-SBAR
they PRP B-NP
are VBP B-VP
held VBN I-VP
to TO B-PP
maturity NN B-NP
, , O
but CC O
if IN B-SBAR
, , O
for IN B-PP
any DT B-NP
reason NN I-NP
, , O
the DT B-NP
parents NNS I-NP
need VBP B-VP
to TO I-VP
sell VB I-VP
them PRP B-NP
before IN B-PP
then RB B-NP
, , O
there EX B-NP
could MD B-VP
be VB I-VP
a DT B-NP
severe JJ I-NP
loss NN I-NP
of IN B-PP
principal NN B-NP
. . O

Had VBD O
zeros NNS B-NP
been VBN B-VP
available JJ B-ADJP
in IN B-PP
1972 CD B-NP
and CC O
had VBD O
parents NNS B-NP
bought VBD B-VP
a DT B-NP
face NN I-NP
amount NN I-NP
equal JJ B-ADJP
to TO B-PP
four CD B-NP
years NNS I-NP
' POS B-NP
tuition NN I-NP
at IN B-PP
the DT B-NP
time NN I-NP
, , O
aiming VBG B-VP
for IN B-PP
their PRP$ B-NP
children NNS I-NP
's POS B-NP
1988 CD I-NP
enrollment NN I-NP
, , O
they PRP B-NP
would MD B-VP
have VB I-VP
been VBN I-VP
left VBN I-VP
with IN B-PP
only RB B-NP
enough RB I-NP
to TO B-VP
pay VB I-VP
for IN B-PP
two CD B-NP
years NNS I-NP
, , O
Mr. NNP B-NP
Anderson NNP I-NP
figures VBZ B-VP
. . O

Most JJS B-NP
other JJ I-NP
bonds NNS I-NP
, , O
however RB B-ADVP
, , O
would MD B-VP
probably RB I-VP
not RB I-VP
have VB I-VP
fared VBN I-VP
much RB B-ADVP
better JJR I-ADVP
. . O

The DT B-NP
prepaid JJ I-NP
plans NNS I-NP
may MD B-VP
be VB I-VP
a DT B-NP
good JJ I-NP
bet NN I-NP
, , O
provided VBD B-PP
the DT B-NP
guarantee NN I-NP
of IN B-PP
future NN B-NP
tuition NN I-NP
is VBZ B-VP
secure VB B-ADJP
. . O

Issuing VBG B-NP
states NNS I-NP
generally RB B-ADVP
limit VBP B-VP
the DT B-NP
guarantees NNS I-NP
to TO B-PP
in-state JJ B-NP
institutions NNS I-NP
, , O
however RB B-ADVP
, , O
and CC O
buyers NNS B-NP
get VBP B-VP
refunds NNS B-NP
without IN B-PP
much JJ B-NP
interest NN I-NP
if IN B-SBAR
the DT B-NP
children NNS I-NP
do VBP B-VP
n't RB I-VP
attend VB I-VP
the DT B-NP
specified VBN I-NP
schools NNS I-NP
. . O

Two CD B-NP
private JJ I-NP
groups NNS I-NP
are VBP B-VP
seeking VBG I-VP
Securities NNPS B-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
approval NN I-NP
for IN B-PP
plans NNS B-NP
that WDT B-NP
could MD B-VP
be VB I-VP
more RBR B-ADVP
broadly RB I-ADVP
transferable JJ B-ADVP
. . O

Mr. NNP B-NP
Anderson NNP I-NP
wants VBZ B-VP
the DT B-NP
prestige NN I-NP
colleges NNS I-NP
to TO B-VP
sponsor VB I-VP
such JJ B-NP
a DT I-NP
plan NN I-NP
. . O

The DT B-NP
issue NN I-NP
here RB B-ADVP
may MD B-VP
be VB I-VP
the DT B-NP
soundness NN I-NP
of IN B-PP
the DT B-NP
guarantee NN I-NP
. . O

Prepayments NNS B-NP
, , O
much JJ B-ADVP
like IN B-PP
mutual-fund JJ B-NP
purchases NNS I-NP
, , O
are VBP B-VP
pooled VBN I-VP
for IN B-PP
investment NN B-NP
. . O

Sponsors NNS B-NP
are VBP B-VP
naturally RB I-VP
counting VBG I-VP
on IN B-PP
their PRP$ B-NP
ability NN I-NP
to TO B-VP
keep VB I-VP
ahead RB B-ADJP
of IN B-PP
tuition NN B-NP
inflation NN I-NP
with IN B-PP
investment NN B-NP
returns NNS I-NP
. . O

But CC O
buyers NNS B-NP
are VBP B-VP
essentially RB I-VP
betting VBG I-VP
on IN B-PP
a DT B-NP
start-up JJ I-NP
investment NN I-NP
fund NN I-NP
with IN B-PP
no DT B-NP
track NN I-NP
record NN I-NP
-- : O
and CC O
some DT B-NP
have NN B-VP
been VBN I-VP
encouraged VBN I-VP
to TO I-VP
borrow VB I-VP
to TO B-VP
do VB I-VP
so RB B-ADVP
. . O

One CD B-NP
problem NN I-NP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
Internal NNP I-NP
Revenue NNP I-NP
Service NNP I-NP
has VBZ B-VP
decided VBN I-VP
that IN B-SBAR
the DT B-NP
investment NN I-NP
earnings NNS I-NP
and CC I-NP
gains NNS I-NP
of IN B-PP
the DT B-NP
sponsors NNS I-NP
' POS B-NP
funds NNS I-NP
are VBP B-VP
taxable JJ B-ADJP
. . O

The DT B-NP
colleges NNS I-NP
, , O
as IN B-PP
educational JJ B-NP
institutions NNS I-NP
, , O
had VBD B-VP
hoped VBN I-VP
that WDT B-NP
would MD B-VP
n't RB I-VP
be VB I-VP
the DT B-NP
case NN I-NP
. . O

Based VBN B-PP
on IN B-PP
historical JJ B-NP
rates NNS I-NP
of IN B-PP
return NN B-NP
, , O
Mr. NNP B-NP
Anderson NNP I-NP
reckons VBZ B-VP
a DT B-NP
100 CD I-NP
% NN I-NP
stock NN I-NP
portfolio NN I-NP
, , O
indexed VBN B-VP
to TO B-PP
the DT B-NP
market NN I-NP
, , O
would MD B-VP
have VB I-VP
kept VBN I-VP
up IN B-PRT
with IN B-PP
tuition NN B-NP
and CC I-NP
taxes NNS I-NP
in IN B-PP
the DT B-NP
20th JJ I-NP
century NN I-NP
. . O

But CC O
sponsors NNS B-NP
might MD B-VP
not RB I-VP
pick VB I-VP
the DT B-NP
stocks NNS I-NP
that WDT B-NP
will MD B-VP
match VB I-VP
the DT B-NP
market NN I-NP
. . O

And CC O
they PRP B-NP
're VBP B-VP
leaning VBG I-VP
more RBR B-ADVP
toward IN B-PP
fixed VBN B-NP
income NN I-NP
, , O
whose WP$ B-NP
returns NNS I-NP
after IN B-PP
tax NN B-NP
have VBP B-VP
trailed VBN I-VP
tuition NN B-NP
increases NNS I-NP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
not RB O
sure JJ B-ADJP
they PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
make VB I-VP
it PRP B-NP
work VB B-VP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Anderson NNP I-NP
. . O

What WP B-NP
happens VBZ B-VP
if IN B-SBAR
the DT B-NP
sponsors NNS I-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
the DT B-NP
cash NN I-NP
to TO B-VP
pay VB I-VP
the DT B-NP
tuitions NNS I-NP
? . O

Florida NNP B-NP
and CC I-NP
Wyoming NNP I-NP
have VBP B-VP
backed VBN I-VP
up IN B-PRT
their PRP$ B-NP
guarantees NNS I-NP
with IN B-PP
the DT B-NP
full JJ I-NP
faith NN I-NP
and CC I-NP
credit NN I-NP
of IN B-PP
the DT B-NP
state NN I-NP
governments NNS I-NP
, , O
meaning NN B-VP
that IN B-SBAR
taxpayers NNS B-NP
will MD B-VP
pick VB I-VP
up IN B-PRT
any DT B-NP
slack NN I-NP
. . O

Not RB B-ADVP
so RB I-ADVP
Michigan NNP B-NP
. . O

Its PRP$ B-NP
plan NN I-NP
is VBZ B-VP
set VBN I-VP
up IN B-PRT
as IN B-PP
an DT B-NP
independent JJ I-NP
agency NN I-NP
. . O

The DT B-NP
state NN I-NP
says VBZ B-VP
there EX B-NP
's VBZ B-VP
no DT B-NP
worry NN I-NP
-- : O
investment NN B-NP
returns NNS I-NP
, , O
combined VBN B-VP
with IN B-PP
fees NNS B-NP
and CC O
the DT B-NP
gains NNS I-NP
from IN B-PP
unused JJ B-NP
plans NNS I-NP
, , O
will MD B-VP
provide VB I-VP
all PDT B-NP
the DT I-NP
cash NN I-NP
it PRP B-NP
needs VBZ B-VP
. . O

Mr. NNP B-NP
Putka NNP I-NP
covers VBZ B-VP
education NN B-NP
from IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
Boston NNP I-NP
bureau NN I-NP
. . O

If IN B-SBAR
you PRP B-NP
start VBP B-VP
saving VBG I-VP
for IN B-PP
your PRP$ B-NP
child NN I-NP
's POS B-NP
eduction NN I-NP
on IN B-PP
Jan. NNP B-NP
1 CD I-NP
, , I-NP
1990 CD I-NP
, , O
here RB B-ADVP
's VBZ B-VP
the DT B-NP
monthly JJ I-NP
sum NN I-NP
you PRP B-NP
will MD B-VP
need VB I-VP
to TO I-VP
invest VB I-VP
to TO B-VP
pay VB I-VP
for IN B-PP
four CD B-NP
years NNS I-NP
at IN B-PP
Yale NNP B-NP
, , O
Notre NNP B-NP
Dame NNP I-NP
and CC O
University NNP B-NP
of IN B-PP
Minnesota NNP B-NP
. . O

Figures NNS B-NP
assume VBP B-VP
a DT B-NP
7 CD I-NP
% NN I-NP
annual JJ I-NP
rise NN I-NP
in IN B-PP
tuition NN B-NP
, , O
fees NNS B-NP
, , O
room NN B-NP
and CC I-NP
board NN I-NP
and CC O
an DT B-NP
8 CD I-NP
% NN I-NP
annual JJ I-NP
investment NN I-NP
return NN I-NP
. . O

Note VB B-VP
: : O
These DT B-NP
figures NNS I-NP
are VBP B-VP
only RB B-ADVP
for IN B-PP
mandatory JJ B-NP
charges NNS I-NP
and CC O
do VBP B-VP
n't RB I-VP
include VB I-VP
books NNS B-NP
, , O
transportation NN B-NP
etc FW B-NP
. . O

\* SYM O
For IN B-PP
in-state JJ B-NP
students NNS I-NP

Source NN B-NP
: : O
PaineWebber NNP B-NP
Inc NNP I-NP
. . O

AMONG IN B-PP
THE DT B-NP
CATFISH NNS I-NP
farmers NNS I-NP
in IN B-PP
the DT B-NP
watery JJ I-NP
delta NN I-NP
land NN I-NP
of IN B-PP
Humphreys NNP B-NP
County NNP I-NP
, , O
Miss. NNP B-NP
, , O
Allen NNP B-NP
D. NNP I-NP
Tharp NNP I-NP
of IN B-PP
Isola NNP B-NP
was VBD B-VP
one CD B-NP
of IN B-PP
the DT B-NP
best RBS I-NP
known VBN I-NP
and CC I-NP
most RBS I-NP
enterprising JJ I-NP
. . O

He PRP B-NP
sold VBD B-VP
quarter-inch JJ B-NP
fingerlings NNS I-NP
to TO B-VP
stock VB I-VP
other JJ B-NP
farmers NNS I-NP
' POS B-NP
ponds NNS I-NP
, , O
and CC O
he PRP B-NP
bought VBD B-VP
back RB B-ADVP
one-pound-or-so JJ B-NP
food-fish NNS I-NP
that IN B-NP
he PRP B-NP
`` `` B-VP
live-hauled VBD I-VP
'' '' O
to TO B-PP
market VB B-NP
along IN B-PP
with IN B-PP
his PRP$ B-NP
own JJ I-NP
whiskery JJ I-NP
crop NN I-NP
. . O

And CC O
he PRP B-NP
nearly RB B-ADVP
always RB I-ADVP
bought VBD B-VP
and CC I-VP
sold VBN I-VP
for IN B-PP
cash NN B-NP
. . O

Along IN B-PP
the DT B-NP
way NN I-NP
, , O
Mr. NNP B-NP
Tharp NNP I-NP
omitted VBD B-VP
a DT B-NP
total NN I-NP
of IN B-PP
$ $ B-NP
1.5 CD I-NP
million CD I-NP
from IN B-PP
his PRP$ B-NP
receipts NNS I-NP
reported VBD B-VP
on IN B-PP
federal JJ B-NP
tax NN I-NP
returns NNS I-NP
for IN B-PP
three CD B-NP
years NNS I-NP
. . O

The DT B-NP
returns NNS I-NP
landed VBD B-VP
in IN B-PP
the DT B-NP
hands NNS I-NP
of IN B-PP
an DT B-NP
Internal NNP I-NP
Revenue NNP I-NP
Service NNP I-NP
criminal JJ I-NP
investigator NN I-NP
, , O
Samuel NNP B-NP
James NNP I-NP
Baker NNP I-NP
. . O

Mr. NNP B-NP
Baker NNP I-NP
interviewed VBD B-VP
or CC O
wrote VBD B-VP
to TO B-PP
hundreds NNS B-NP
of IN B-PP
catfish NN B-NP
farmers NNS I-NP
, , O
live-haulers NNS B-NP
and CC O
processors NNS B-NP
throughout IN B-PP
the DT B-NP
South NNP I-NP
before IN B-PP
coming VBG B-VP
up IN B-PRT
with IN B-PP
detailed VBN B-NP
estimates NNS I-NP
of IN B-PP
purchases NNS B-NP
and CC I-NP
sales NNS I-NP
, , O
in IN B-PP
pounds NNS B-NP
and CC I-NP
dollars NNS I-NP
, , O
by IN B-PP
Mr. NNP B-NP
Tharp NNP I-NP
and CC O
others NNS B-NP
. . O

Unknown JJ B-ADJP
to TO B-PP
Mr. NNP B-NP
Tharp NNP I-NP
, , O
he PRP B-NP
had VBD B-VP
fouled VBN I-VP
his PRP$ B-NP
net JJ I-NP
on IN B-PP
a DT B-NP
special JJ I-NP
IRS NNP I-NP
project NN I-NP
to TO B-VP
catch VB I-VP
catfish NN B-NP
farmers NNS I-NP
and CC O
haulers NNS B-NP
inclined VBN B-VP
to TO I-VP
cheat VB I-VP
on IN B-PP
their PRP$ B-NP
taxes NNS I-NP
. . O

Confronted VBN B-VP
with IN B-PP
the DT B-NP
evidence NN I-NP
, , O
Mr. NNP B-NP
Tharp NNP I-NP
pleaded VBD B-VP
guilty JJ B-ADJP
to TO B-PP
one CD B-NP
charge NN I-NP
of IN B-PP
filing VBG B-VP
a DT B-NP
false JJ I-NP
return NN I-NP
and CC O
was VBD B-VP
fined VBN I-VP
$ $ B-NP
5,000 CD I-NP
and CC O
sentenced VBN B-VP
to TO B-PP
18 CD B-NP
months NNS I-NP
in IN B-PP
prison NN B-NP
. . O

He PRP B-NP
also RB B-ADVP
owes VBZ B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
back RB B-NP
taxes VBZ I-NP
, , O
interest NN B-NP
and CC O
civil JJ B-NP
fraud NN I-NP
penalties NNS I-NP
. . O

A DT B-NP
lot NN I-NP
of IN B-PP
taxpayers NNS B-NP
out IN B-PP
there EX B-NP
are VBP B-VP
n't RB O
as RB B-ADJP
paranoid JJ I-ADJP
as IN B-SBAR
one PRP B-NP
might MD B-VP
think VB I-VP
. . O

Federal NNP B-NP
and CC I-NP
state NN I-NP
tax NN I-NP
enforcers NNS I-NP
develop VBP B-VP
many JJ B-NP
group NN I-NP
targets NNS I-NP
for IN B-PP
investigation NN B-NP
, , O
on IN B-PP
the DT B-NP
basis NN I-NP
of IN B-PP
occupation NN B-NP
, , O
high JJ B-NP
income NN I-NP
, , O
type NN B-NP
of IN B-PP
income NN B-NP
, , O
or CC O
some DT B-NP
other JJ I-NP
characteristic JJ I-NP
that WDT B-NP
may MD B-VP
signal VB I-VP
an DT B-NP
opportunity NN I-NP
or CC I-NP
tendency NN I-NP
to TO B-VP
hide VB I-VP
income NN B-NP
or CC O
exaggerate VB B-VP
deductions NNS B-NP
. . O

Many JJ B-NP
professions NNS I-NP
long JJ B-ADVP
have NN B-VP
seemed VBN I-VP
to TO I-VP
be VB I-VP
targets NNS B-NP
because IN B-PP
of IN I-PP
the DT B-NP
exotic JJ I-NP
or CC I-NP
ludicrous JJ I-NP
efforts NNS I-NP
of IN B-PP
some DT B-NP
members NNS I-NP
to TO B-VP
offset VB I-VP
high JJ B-NP
income NN I-NP
with IN B-PP
fake JJ B-NP
losses NNS I-NP
from IN B-PP
phony JJ B-NP
tax NN I-NP
shelters NNS I-NP
: : O
dentists NNS B-NP
who WP B-NP
invested VBD B-VP
in IN B-PP
dubiously RB B-NP
dubbed VBN I-NP
foreign JJ I-NP
films NNS I-NP
or CC O
airline NN B-NP
pilots NNS I-NP
who WP B-NP
raised VBD B-VP
racehorses NNS B-NP
on IN B-PP
their PRP$ B-NP
days NNS I-NP
off RB B-ADJP
. . O

Mail-order NN B-NP
ministers NNS I-NP
have VBP B-VP
been VBN I-VP
squelched VBN I-VP
. . O

Now RB B-ADVP
, , O
television NN B-NP
and CC I-NP
radio NN I-NP
evangelists NNS I-NP
are VBP B-VP
under IN B-PP
scrutiny NN B-NP
. . O

The DT B-NP
IRS NNP I-NP
recently RB B-ADVP
won VBD B-VP
part NN B-NP
of IN B-PP
its PRP$ B-NP
long-running JJ I-NP
battle NN I-NP
with IN B-PP
the DT B-NP
Church NNP I-NP
of IN B-PP
Scientology NNP B-NP
over IN B-PP
exemptions NNS B-NP
when WRB B-ADVP
the DT B-NP
U.S. NNP I-NP
Supreme NNP I-NP
Court NNP I-NP
held VBD B-VP
that IN B-SBAR
members NNS B-NP
' POS B-NP
payments NNS I-NP
to TO B-PP
the DT B-NP
church NN I-NP
were VBD B-VP
n't RB O
deductible JJ B-ADJP
because IN B-SBAR
the DT B-NP
members NNS I-NP
received VBD B-VP
services NNS B-NP
in IN B-PP
return NN B-NP
. . O

IRS NNP B-NP
statistics NNS I-NP
show VBP B-VP
that IN B-SBAR
the DT B-NP
more RBR I-NP
persistent JJ I-NP
hiders NNS I-NP
of IN B-PP
income NN B-NP
among IN B-PP
sole JJ B-NP
proprietors NNS I-NP
of IN B-PP
businesses NNS B-NP
include VBP B-VP
used-car NN B-NP
dealers NNS I-NP
, , O
entertainment NN B-NP
producers NNS I-NP
, , O
masons NNS B-NP
, , O
roofers NNS B-NP
, , O
and CC O
taxi NN B-NP
owners NNS I-NP
. . O

Small JJ B-NP
businesses NNS I-NP
in IN B-PP
general JJ B-NP
account NN B-VP
for IN B-PP
almost RB B-NP
40 CD I-NP
% NN I-NP
of IN B-PP
unreported JJ B-NP
personal JJ I-NP
income NN I-NP
, , O
the DT B-NP
IRS NNP I-NP
has VBZ B-VP
said VBD I-VP
. . O

Once RB B-SBAR
such JJ B-NP
abuses NNS I-NP
become VBP B-VP
so RB B-ADJP
pervasive JJ I-ADJP
, , O
the DT B-NP
IRS NNP I-NP
builds VBZ B-VP
another DT B-NP
factor NN I-NP
into IN B-PP
its PRP$ B-NP
secret JJ I-NP
computer NN I-NP
formula NN I-NP
for IN B-PP
selecting VBG B-VP
returns NNS B-NP
for IN B-PP
audit NN B-NP
and CC O
does VBZ B-VP
n't RB I-VP
need VB I-VP
special JJ B-NP
projects NNS I-NP
for IN B-PP
them PRP B-NP
. . O

San NNP B-NP
Franciscans NNP I-NP
have VBP B-VP
a DT B-NP
much RB I-NP
higher JJR I-NP
incidence NN I-NP
of IN B-PP
audits NN B-NP
than IN B-PP
average JJ B-NP
because IN B-SBAR
more JJR B-NP
of IN B-PP
them PRP B-NP
score VBP B-VP
high JJ B-ADVP
under IN B-PP
that DT B-NP
formula NN I-NP
, , O
not RB O
because IN B-SBAR
IRS NNP B-NP
agents NNS I-NP
envy VBP B-VP
their PRP$ B-NP
life NN I-NP
styles NNS I-NP
. . O

Many JJ B-NP
openings NNS I-NP
for IN B-PP
mass NN B-NP
cheating NN I-NP
, , O
such JJ B-PP
as IN I-PP
questionable JJ B-NP
tax NN I-NP
shelters NNS I-NP
and CC I-NP
home NN I-NP
offices NNS I-NP
, , O
have VBP B-VP
gaped VBN I-VP
so RB B-ADVP
broadly RB I-ADVP
that IN B-SBAR
Congress NNP B-NP
has VBZ B-VP
passed VBN I-VP
stringent JJ B-NP
laws NNS I-NP
to TO B-VP
close VB I-VP
them PRP B-NP
. . O

Deductions NNS B-NP
of IN B-PP
charitable JJ B-NP
gifts NNS I-NP
of IN B-PP
highly RB B-NP
valued VBN I-NP
art NN I-NP
now RB B-ADVP
must MD B-VP
be VB I-VP
accompanied VBN I-VP
by IN B-PP
appraisals NNS B-NP
. . O

And CC O
laws NNS B-NP
requiring VBG B-VP
the DT B-NP
reporting NN I-NP
of IN B-PP
more JJR B-NP
varieties NNS I-NP
of IN B-PP
transactions NNS B-NP
have VBP B-VP
enabled VBN I-VP
the DT B-NP
IRS NNP I-NP
to TO B-VP
rely VB I-VP
on IN B-PP
computers NNS B-NP
to TO B-VP
ferret VB I-VP
out RP B-PRT
discrepancies NNS B-NP
with IN B-PP
returns NNS B-NP
and CC O
to TO B-VP
generate VB I-VP
form-letter JJ B-NP
inquiries NNS I-NP
to TO B-PP
taxpayers NNS B-NP
. . O

Unreported JJ B-NP
alimony NN I-NP
income NN I-NP
can MD B-VP
be VB I-VP
spotted VBN I-VP
by IN B-PP
computer NN B-NP
because IN B-SBAR
a DT B-NP
payer NN I-NP
of IN B-PP
alimony NN B-NP
-LRB- ( O
who WP B-NP
gets VBZ B-VP
a DT B-NP
deduction NN I-NP
-RRB- ) O
must MD B-VP
report VB I-VP
the DT B-NP
former JJ I-NP
spouse NN I-NP
's POS B-NP
Social NNP I-NP
Security NNP I-NP
number NN I-NP
. . O

Passport NN B-NP
applicants NNS I-NP
now RB B-ADVP
must MD B-VP
give VB I-VP
Social NNP B-NP
Security NNP I-NP
numbers NNS I-NP
, , O
enabling VBG B-VP
the DT B-NP
IRS NNP I-NP
to TO B-VP
see VB I-VP
whether IN B-SBAR
Americans NNPS B-NP
living VBG B-VP
abroad RB B-ADVP
are VBP B-VP
filing VBG I-VP
required VBN B-NP
U.S. NNP I-NP
returns NNS I-NP
. . O

But CC O
while IN B-SBAR
IRS NNP B-NP
computers NNS I-NP
focus VBP B-VP
routinely RB B-ADVP
on IN B-PP
target NN B-NP
groups NNS I-NP
like IN B-PP
these DT B-NP
, , O
the DT B-NP
agency NN I-NP
has VBZ B-VP
assigned VBN I-VP
many JJ B-NP
agents NNS I-NP
to TO B-PP
special JJ B-NP
projects NNS I-NP
that WDT B-NP
need VBP B-VP
more RBR B-NP
personal JJ I-NP
attention NN I-NP
. . O

In IN B-PP
most RBS B-NP
cases NNS I-NP
, , O
the DT B-NP
IRS NNP I-NP
says VBZ B-VP
, , O
these DT B-NP
projects NNS I-NP
are VBP B-VP
local JJ B-ADJP
or CC I-ADJP
regional JJ I-ADJP
, , O
rather RB B-PP
than IN I-PP
national JJ B-ADJP
, , O
and CC O
arise VB B-VP
because IN B-SBAR
auditors NNS B-NP
in IN B-PP
an DT B-NP
area NN I-NP
detect VB B-VP
some DT B-NP
pattern NN I-NP
of IN B-PP
abuse NN B-NP
among IN B-PP
, , O
say VBP B-INTJ
, , O
factory NN B-NP
workers NNS I-NP
claiming VBG B-VP
that IN B-SBAR
having VBG B-VP
a DT B-NP
multitude NN I-NP
of IN B-PP
dependents NNS B-NP
frees VBZ B-VP
them PRP B-NP
from IN B-PP
tax NN B-NP
withholding NN I-NP
or CC O
yacht NN B-NP
owners NNS I-NP
deducting VBG B-VP
losses NNS B-NP
from IN B-PP
sideline NN B-NP
charter NN I-NP
businesses NNS I-NP
. . O

The DT B-NP
national JJ I-NP
office NN I-NP
currently RB B-ADVP
has VBZ B-VP
21 CD B-NP
noncriminal JJ I-NP
audit NN I-NP
projects NNS I-NP
, , O
according VBG B-PP
to TO B-PP
Marshall NNP B-NP
V. NNP I-NP
Washburn NNP I-NP
, , O
deputy NN B-NP
assistant NN I-NP
commissioner NN I-NP
for IN B-PP
examination NN B-NP
. . O

Auditors NNS B-NP
involved VBN B-VP
in IN B-PP
noncriminal JJ B-NP
projects NNS I-NP
ca MD B-VP
n't RB I-VP
send VB I-VP
anyone NN B-NP
to TO B-PP
jail VB B-NP
, , O
but CC O
they PRP B-NP
can MD B-VP
make VB I-VP
life NN B-NP
miserable JJ B-ADJP
in IN B-PP
other JJ B-NP
ways NNS I-NP
-- : O
for IN B-PP
one CD B-NP
, , O
by IN B-PP
imposing VBG B-VP
some DT B-NP
of IN B-PP
the DT B-NP
150 CD I-NP
different JJ I-NP
civil JJ I-NP
penalties NNS I-NP
for IN B-PP
negligence NN B-NP
, , O
failure NN B-NP
to TO B-VP
file VB I-VP
a DT B-NP
return NN I-NP
, , O
and CC O
the DT B-NP
like NN I-NP
. . O

The DT B-NP
targeted VBN I-NP
audit NN I-NP
groups NNS I-NP
include VBP B-VP
direct JJ B-NP
sellers NNS I-NP
-- : O
people NNS B-NP
who WP B-NP
sell VBP B-VP
cosmetics NNS B-NP
, , O
housewares NNS B-NP
and CC O
other JJ B-NP
items NNS I-NP
door NN B-ADVP
to TO I-ADVP
door NN I-ADVP
or CC O
at IN B-PP
home NN B-NP
parties NNS I-NP
-- : O
and CC O
employers NNS B-NP
who WP B-NP
label VBP B-VP
workers NNS B-NP
as IN B-PP
independent JJ B-NP
contractors NNS I-NP
instead RB B-PP
of IN I-PP
employees NNS B-NP
, , O
to TO B-VP
avoid VB I-VP
the DT B-NP
employer NN I-NP
share NN I-NP
of IN B-PP
payroll NN B-NP
taxes NNS I-NP
. . O

Other JJ B-NP
projects NNS I-NP
look VBP B-VP
for IN B-PP
offenders NNS B-NP
among IN B-PP
waiters NNS B-NP
who WP B-NP
get VBP B-VP
cash NN B-NP
tips NNS I-NP
, , O
people NNS B-NP
who WP B-NP
engage VBP B-VP
in IN B-PP
large JJ B-NP
cash NN I-NP
transactions NNS I-NP
, , O
and CC O
people NNS B-NP
whose WP$ B-NP
returns NNS I-NP
show VBP B-VP
they PRP B-NP
sold VBD B-VP
a DT B-NP
home NN I-NP
for IN B-PP
a DT B-NP
profit NN I-NP
without IN B-PP
reinvesting VBG B-VP
the DT B-NP
capital NN I-NP
gain NN I-NP
in IN B-PP
another DT B-NP
home NN I-NP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
same JJ I-NP
year NN I-NP
; : O
the DT B-NP
gain NN I-NP
must MD B-VP
be VB I-VP
rolled VBN I-VP
over IN B-PRT
within IN B-PP
two CD B-NP
years NNS I-NP
to TO B-VP
defer VB I-VP
tax NN B-NP
. . O

And CC O
now RB B-SBAR
that IN I-SBAR
returns NNS B-NP
must MD B-VP
show VB I-VP
dependents NNS B-NP
' POS B-NP
Social NNP I-NP
Security NNP I-NP
numbers NNS I-NP
, , O
the DT B-NP
IRS NNP I-NP
wants VBZ B-VP
to TO I-VP
see VB I-VP
which WDT B-NP
dependents NNS I-NP
show VBP B-VP
up IN B-PRT
on IN B-PP
more JJR B-NP
than IN I-NP
one CD I-NP
return NN I-NP
-- : O
and CC O
which WDT B-NP
dependents NNS I-NP
turn VBP B-VP
out IN B-PRT
to TO B-VP
be VB I-VP
deceased JJ B-ADJP
. . O

Impetus NN B-NP
for IN B-PP
the DT B-NP
direct-seller NN I-NP
project NN I-NP
came VBD B-VP
from IN B-PP
a DT B-NP
congressional JJ I-NP
hearing VBG I-NP
some DT B-NP
years NNS I-NP
back RB B-ADVP
. . O

It PRP B-NP
prompted VBD B-VP
an DT B-NP
IRS NNP I-NP
study NN I-NP
that WDT B-NP
found VBD B-VP
many JJ B-NP
sellers NNS I-NP
were VBD B-VP
concealing VBG I-VP
income NN B-NP
and CC O
treating VBG B-VP
large JJ B-NP
amounts NNS I-NP
of IN B-PP
nondeductible JJ B-NP
travel NN I-NP
and CC O
other JJ B-NP
personal JJ I-NP
expenses NNS I-NP
as IN B-PP
business NN B-NP
costs NNS I-NP
, , O
Mr. NNP B-NP
Washburn NNP I-NP
says VBZ B-VP
. . O

The DT B-NP
study NN I-NP
provided VBD B-VP
criteria NNS B-NP
for IN B-PP
singling VBG B-VP
out RP B-PRT
returns NNS B-NP
of IN B-PP
`` `` B-NP
potentially RB I-NP
noncompliant JJ I-NP
'' '' I-NP
taxpayers NNS I-NP
who WP B-NP
report VBP B-VP
low JJ B-NP
income NN I-NP
and CC O
large JJ B-NP
expenses NNS I-NP
from IN B-PP
a DT B-NP
part-time JJ I-NP
business NN I-NP
. . O

The DT B-NP
Tax NNP I-NP
Court NNP I-NP
recently RB B-ADVP
denied VBD B-VP
business NN B-NP
deductions NNS I-NP
by IN B-PP
Mr. NNP B-NP
and CC I-NP
Mrs. NNP I-NP
Peter NNP I-NP
S. NNP I-NP
Rubin NNP I-NP
of IN B-PP
Cherry NNP B-NP
Hill NNP I-NP
, , O
N.J. NNP B-NP
, , O
who WP B-NP
both DT O
were VBD B-VP
part-time JJ B-NP
distributors NNS I-NP
of IN B-PP
Amway NNP B-NP
products NNS I-NP
in IN B-PP
addition NN B-NP
to TO B-PP
their PRP$ B-NP
regular JJ I-NP
jobs NNS I-NP
as IN B-PP
sales NNS B-NP
people NNS I-NP
in IN B-PP
other JJ B-NP
fields NNS I-NP
. . O

For IN B-PP
1984 CD B-NP
, , O
they PRP B-NP
reported VBD B-VP
gross JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
1,647 CD I-NP
from IN B-PP
Amway NNP B-NP
sales NNS I-NP
, , O
offset VB B-VP
by IN B-PP
expenses NNS B-NP
totaling VBG B-VP
$ $ B-NP
16,746 CD I-NP
-- : O
including VBG B-PP
car NN B-NP
costs NNS I-NP
of IN B-PP
$ $ B-NP
6,805 CD I-NP
and CC O
travel NN B-NP
and CC I-NP
entertainment NN I-NP
costs NNS I-NP
of IN B-PP
$ $ B-NP
5,088 CD I-NP
. . O

The DT B-NP
Tax NNP I-NP
Court NNP I-NP
did VBD B-VP
n't RB I-VP
believe VB I-VP
that IN B-SBAR
the DT B-NP
Rubins NNS I-NP
, , O
who WP B-NP
earned VBD B-VP
$ $ B-NP
65,619 CD I-NP
in IN B-PP
their PRP$ B-NP
regular JJ I-NP
jobs NNS I-NP
, , O
treated VBD B-VP
the DT B-NP
sideline NN I-NP
as IN B-PP
a DT B-NP
real JJ I-NP
business NN I-NP
and CC O
derived VBN B-VP
`` `` O
merely RB B-NP
incidental JJ I-NP
elements NNS I-NP
of IN B-PP
recreation NN B-NP
and CC O
other JJ B-NP
personal JJ I-NP
pleasure NN I-NP
and CC I-NP
benefits NNS I-NP
'' '' O
from IN B-PP
it PRP B-NP
. . O

The DT B-NP
Direct JJ I-NP
Selling NNP I-NP
Association NNP I-NP
, , O
a DT B-NP
trade NN I-NP
group NN I-NP
, , O
points VBZ B-VP
out IN B-PRT
that IN B-SBAR
its PRP$ B-NP
members NNS I-NP
, , O
which WDT B-NP
include VBP B-VP
Amway NNP B-NP
Corp. NNP I-NP
, , O
cooperate VB B-VP
with IN B-PP
the DT B-NP
IRS NNP I-NP
to TO B-VP
distribute VB I-VP
tax-compliance NN B-NP
material NN I-NP
to TO B-PP
sales NNS B-NP
people NNS I-NP
and CC O
are VBP B-VP
helping VBG I-VP
to TO I-VP
prepare VB I-VP
a DT B-NP
public-service JJ I-NP
television NN I-NP
program NN I-NP
on IN B-PP
the DT B-NP
subject NN I-NP
. . O

The DT B-NP
independent-contractor JJ I-NP
project NN I-NP
, , O
which WDT B-NP
began VBD B-VP
in IN B-PP
1988 CD B-NP
, , O
involves VBZ B-VP
about IN B-NP
350 CD I-NP
IRS NNP I-NP
agents NNS I-NP
. . O

In IN B-PP
the DT B-NP
fiscal JJ I-NP
nine CD I-NP
months NNS I-NP
ended VBD B-VP
June NNP B-NP
30 CD I-NP
, , O
reports NNS B-VP
Raymond NNP B-NP
P. NNP I-NP
Keenan NNP I-NP
, , O
assistant NN B-NP
commissioner NN I-NP
for IN B-PP
collection NN B-NP
, , O
they PRP B-NP
examined VBD B-VP
about IN B-NP
13,000 CD I-NP
employers NNS I-NP
, , O
assessed VBN B-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
67 CD I-NP
million CD I-NP
in IN B-PP
delinquent JJ B-NP
employment NN I-NP
taxes NNS I-NP
, , O
and CC O
reclassified VBD B-VP
about IN B-NP
56,000 CD I-NP
workers NNS I-NP
as IN B-PP
employees NNS B-NP
instead RB B-PP
of IN I-PP
self-employed JJ B-NP
contractors NNS I-NP
. . O

The DT B-NP
number NN I-NP
of IN B-PP
misclassified VBN B-NP
workers NNS I-NP
may MD B-VP
be VB I-VP
in IN B-PP
the DT B-NP
millions NNS I-NP
, , O
mostly RB B-ADVP
paid VBN B-VP
by IN B-PP
small JJ B-NP
firms NNS I-NP
. . O

Many JJ B-NP
workers NNS I-NP
, , B-NP
especially RB I-NP
professionals NNS B-NP
, , O
want VBP B-VP
to TO I-VP
remain VB I-VP
independent JJ B-ADJP
to TO B-VP
avoid VB I-VP
tax NN B-NP
withholding NN I-NP
and CC O
to TO B-VP
continue VB I-VP
to TO I-VP
deduct VB I-VP
many JJ B-NP
expenses NNS I-NP
that IN B-NP
employees NNS B-NP
ca MD B-VP
n't RB O
. . O

But CC O
many JJ B-NP
others NNS I-NP
, , O
who WP B-NP
want VBP B-VP
to TO I-VP
qualify VB I-VP
for IN B-PP
employee NN B-NP
benefits NNS I-NP
and CC O
unemployment NN B-NP
compensation NN I-NP
, , O
become VB B-VP
tipsters NNS B-NP
for IN B-PP
the DT B-NP
IRS NNP I-NP
, , O
says VBZ B-VP
Jerry NNP B-NP
Lackey NNP I-NP
, , O
who WP B-NP
manages VBZ B-VP
the DT B-NP
IRS NNP I-NP
project NN I-NP
's POS B-NP
force NN I-NP
of IN B-PP
nine CD B-NP
agents NNS I-NP
in IN B-PP
north RB B-NP
and CC I-NP
central JJ I-NP
Florida NNP I-NP
from IN B-PP
Orlando NNP B-NP
. . O

Firms NNS B-NP
that WDT B-NP
are VBP B-VP
paying VBG I-VP
employment NN B-NP
taxes NNS I-NP
also RB B-ADVP
provide VBP B-VP
leads VBZ B-NP
to TO B-PP
competitors NNS B-NP
that WDT B-NP
are VBP B-VP
n't RB O
, , O
he PRP B-NP
says VBZ B-VP
. . O

In IN B-PP
his PRP$ B-NP
area NN I-NP
, , O
Mr. NNP B-NP
Lackey NNP I-NP
continues VBZ B-VP
, , O
the DT B-NP
miscreant JJ I-NP
employers NNS I-NP
most RBS B-ADVP
commonly RB I-ADVP
are VBP B-VP
in IN B-PP
construction NN B-NP
-- : O
doing VBG B-VP
framing NN B-NP
, , O
drywall NN B-NP
, , O
masonry NN B-NP
and CC O
similar JJ B-NP
work NN I-NP
. . O

But CC O
a DT B-NP
medical JJ I-NP
clinic NN I-NP
with IN B-PP
about IN B-NP
20 CD I-NP
employees NNS I-NP
wrongly RB B-VP
listed VBN I-VP
all DT B-NP
of IN B-PP
them PRP B-NP
-- : O
including VBG B-PP
physicians NNS B-NP
and CC I-NP
receptionists NNS I-NP
-- : O
as IN B-PP
independent JJ B-NP
contractors NNS I-NP
. . O

The DT B-NP
IRS NNP I-NP
assessed VBD B-VP
the DT B-NP
clinic NN I-NP
$ $ B-NP
350,000 CD I-NP
in IN B-PP
back JJ B-NP
payroll NN I-NP
taxes NNS I-NP
. . O

It PRP B-NP
assessed VBD B-VP
nearly RB B-NP
$ $ I-NP
500,000 CD I-NP
against IN B-PP
a DT B-NP
cruise-ship NN I-NP
company NN I-NP
that WDT B-NP
carried VBD B-VP
about IN B-NP
100 CD I-NP
deckhands NNS I-NP
, , I-NP
cooks NNS I-NP
, , I-NP
bartenders NNS I-NP
, , I-NP
entertainers NNS I-NP
and CC I-NP
other JJ I-NP
employees NNS I-NP
as IN B-PP
self-employed JJ B-NP
independents NNS I-NP
. . O

Revenue-short JJ B-NP
states NNS I-NP
also RB B-ADVP
are VBP B-VP
becoming VBG I-VP
more RBR B-NP
aggressive JJ I-NP
pursuers NNS I-NP
of IN B-PP
tax NN B-NP
delinquents NNS I-NP
, , O
and CC O
perhaps RB B-ADVP
none NN B-NP
tracks VBZ B-VP
them PRP B-NP
down RB B-PRT
with IN B-PP
more JJR B-NP
relish NN I-NP
than IN B-SBAR
does VBZ B-VP
New NNP B-NP
York NNP I-NP
since IN B-SBAR
it PRP B-NP
acquired VBD B-VP
an DT B-NP
$ $ I-NP
80 CD I-NP
million CD I-NP
computer NN I-NP
system NN I-NP
in IN B-PP
1985 CD B-NP
. . O

The DT B-NP
state NN I-NP
's POS B-NP
tax NN I-NP
enforcers NNS I-NP
have VBP B-VP
amassed VBN I-VP
data NNS B-NP
bases NNS I-NP
from IN B-PP
other JJ B-NP
New NNP I-NP
York NNP I-NP
agencies NNS I-NP
that WDT B-NP
license VBP B-VP
or CC I-VP
register VB I-VP
professionals NNS B-NP
and CC I-NP
businesses NNS I-NP
; : O
from IN B-PP
exchange NN B-NP
agreements NNS I-NP
with IN B-PP
the DT B-NP
IRS NNP I-NP
, , O
24 CD B-NP
other JJ I-NP
states NNS I-NP
, , O
and CC O
two CD B-NP
Canadian JJ I-NP
provinces NNS I-NP
, , B-PP
and CC I-PP
even RB B-ADVP
from IN B-PP
phonebook NN B-NP
Yellow NNP I-NP
Pages NNPS I-NP
. . O

Thus RB B-ADVP
armed VBN B-VP
for IN B-PP
massive JJ B-NP
matching NN I-NP
of IN B-PP
documents NNS B-NP
by IN B-PP
computer NN B-NP
, , O
they PRP B-NP
single JJ B-VP
out RP B-PRT
high-income JJ B-NP
groups NNS I-NP
, , O
looking VBG B-VP
primarily RB B-ADVP
for IN B-PP
people NNS B-NP
who WP B-NP
have VBP B-VP
n't RB I-VP
filed VBN I-VP
New NNP B-NP
York NNP I-NP
income-tax NN I-NP
returns NNS I-NP
. . O

The DT B-NP
state NN I-NP
has VBZ B-VP
combed VBN I-VP
through IN B-PP
records NNS B-NP
relating VBG B-VP
to TO B-PP
architects NNS B-NP
, , O
stockbrokers NNS B-NP
, , O
lawyers NNS B-NP
in IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
City NNP I-NP
area NN I-NP
, , O
construction NN B-NP
workers NNS I-NP
from IN B-PP
out IN B-PP
of IN B-PP
the DT B-NP
state NN I-NP
, , O
and CC O
homeowners NNS B-NP
who WP B-NP
claim VBP B-VP
to TO I-VP
be VB I-VP
residents NNS B-NP
of IN B-PP
other JJ B-NP
states NNS I-NP
-- : B-NP
especially RB I-NP
Florida NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
no DT B-NP
personal JJ I-NP
income NN I-NP
tax NN I-NP
. . O

Soon RB B-ADVP
to TO B-VP
feel VB I-VP
the DT B-NP
glare NN I-NP
of IN B-PP
attention NN B-NP
are VBP B-VP
lawyers NNS B-NP
elsewhere RB B-ADVP
in IN B-PP
the DT B-NP
state NN I-NP
, , O
doctors NNS B-NP
, , O
dentists NNS B-NP
, , O
and CC O
accountants NNS B-NP
, , O
says VBZ B-VP
Frederick NNP B-NP
G. NNP I-NP
Hicks NNP I-NP
, , O
director NN B-NP
of IN B-PP
the DT B-NP
tax-department JJ I-NP
division NN I-NP
that WDT B-NP
develops VBZ B-VP
the DT B-NP
computer-matching JJ I-NP
programs NNS I-NP
. . O

The DT B-NP
department NN I-NP
has VBZ B-VP
collected VBN I-VP
over IN B-NP
$ $ I-NP
6.5 CD I-NP
million CD I-NP
from IN B-PP
brokers NNS B-NP
so RB B-ADVP
far RB I-ADVP
and CC O
recommended VBD B-VP
more JJR B-NP
than IN I-NP
30 CD I-NP
of IN B-PP
them PRP B-NP
for IN B-PP
criminal JJ B-NP
prosecution NN I-NP
. . O

In IN B-PP
the DT B-NP
early JJ I-NP
stage NN I-NP
of IN B-PP
checking VBG B-VP
people NNS B-NP
with IN B-PP
incomes NNS B-NP
exceeding VBG B-VP
$ $ B-NP
500,000 CD I-NP
who WP B-NP
were VBD B-VP
filing VBG I-VP
nonresident JJ B-NP
returns NNS I-NP
, , O
it PRP B-NP
squeezed VBD B-VP
$ $ B-NP
7.5 CD I-NP
million CD I-NP
out IN B-PP
of IN B-PP
a DT B-NP
man NN I-NP
who WP B-NP
was VBD B-VP
posing VBG I-VP
as IN B-PP
a DT B-NP
Florida NNP I-NP
resident NN I-NP
. . O

`` `` O
We PRP B-NP
think VBP B-VP
we PRP B-NP
can MD B-VP
reclaim VB I-VP
hundreds NNS B-NP
of IN I-NP
millions NNS I-NP
of IN B-PP
dollars NNS B-NP
just RB B-ADVP
through IN B-PP
the DT B-NP
nonresident JJ I-NP
project NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Hicks NNP I-NP
declares VBZ B-VP
. . O

Mr. NNP B-NP
Schmedel NNP I-NP
is VBZ B-VP
editor NN B-NP
of IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
Tax NNP I-NP
Report NNP I-NP
column NN I-NP
. . O

In IN B-PP
finding VBG B-VP
`` `` O
good JJ B-NP
news NN I-NP
'' '' O
in IN B-PP
Berkeley NNP B-NP
's POS B-NP
new JJ I-NP
freshman NN I-NP
admissions NNS I-NP
plan VBP I-NP
-LRB- ( O
`` `` O
The DT B-NP
Privileged NNP I-NP
Class NNP I-NP
, , O
'' '' O
editorial NN B-NP
, , O
Sept. NNP B-NP
20 CD I-NP
-RRB- ) O
, , O
you PRP B-NP
're VBP B-VP
reading VBG I-VP
the DT B-NP
headline NN I-NP
but CC B-NP
not RB I-NP
the DT B-NP
story NN I-NP
. . O

The DT B-NP
plan NN I-NP
indeed RB B-ADVP
raises VBZ B-VP
from IN B-PP
40 CD B-NP
% NN I-NP
to TO B-PP
50 CD B-NP
% NN I-NP
the DT B-NP
number NN I-NP
of IN B-PP
freshmen NNS B-NP
applicants NNS I-NP
admitted VBD B-VP
strictly RB B-ADVP
by IN B-PP
academic JJ B-NP
criteria NNS I-NP
. . O

But CC O
that DT B-NP
does VBZ B-VP
n't RB I-VP
mean VB I-VP
`` `` O
half NN B-NP
of IN B-PP
the DT B-NP
students NNS I-NP
attending VBG B-VP
Berkeley NNP B-NP
'' '' O
will MD B-VP
be VB I-VP
admitted VBN I-VP
this DT B-NP
way NN I-NP
. . O

The DT B-NP
plan NN I-NP
is VBZ B-VP
talking VBG I-VP
about IN B-PP
applicants NNS B-NP
admitted VBD B-VP
, , B-NP
not RB I-NP
students NNS B-NP
who WP B-NP
enroll VBP B-VP
. . O

Since IN B-SBAR
the DT B-NP
`` `` I-NP
yield NN I-NP
'' '' O
from IN B-PP
this DT B-NP
top JJ I-NP
slice NN I-NP
of IN B-PP
applicants NNS B-NP
is VBZ B-VP
relatively RB B-ADJP
low JJ I-ADJP
, , O
boosting VBG B-VP
admits VBZ B-NP
from IN B-PP
40 CD B-NP
% NN I-NP
to TO B-PP
50 CD B-NP
% NN I-NP
will MD B-VP
boost VB I-VP
registrants NNS B-NP
from IN B-PP
about IN B-NP
31 CD I-NP
% NN I-NP
to TO B-PP
38 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
class NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
perhaps RB B-NP
5 VBP I-NP
% NN I-NP
of IN B-PP
registrants NNS B-NP
will MD B-VP
come VB I-VP
from IN B-PP
a DT B-NP
new JJ I-NP
category NN I-NP
consisting VBG B-VP
of IN B-PP
applicants NNS B-NP
whose WP$ B-NP
academic JJ I-NP
credentials NNS I-NP
`` `` O
narrowly RB B-VP
missed VBD I-VP
'' '' O
gaining VBG B-VP
them PRP B-NP
admission NN B-NP
in IN B-PP
the DT B-NP
first JJ I-NP
category NN I-NP
. . O

But CC O
against IN B-PP
that DT B-NP
combined VBD I-NP
increase NN I-NP
of IN B-PP
12 CD B-NP
% NN I-NP
in IN B-PP
students NNS B-NP
chosen VBN B-VP
by IN B-PP
academic JJ B-NP
criteria NNS I-NP
, , O
the DT B-NP
plan NN I-NP
eliminates VBZ B-VP
a DT B-NP
large JJ I-NP
category NN I-NP
in IN B-PP
which WDT B-NP
admissions NNS B-NP
now RB B-ADVP
are VBP B-VP
based VBN I-VP
on IN B-PP
grades NNS B-NP
, , O
test NN B-NP
scores NNS I-NP
and CC O
`` `` O
supplemental JJ B-NP
points NNS I-NP
'' '' O
for IN B-PP
factors NNS B-NP
such JJ B-PP
as IN I-PP
high-school NN B-NP
curriculum NN I-NP
, , O
English-language JJ B-NP
proficiency NN I-NP
and CC O
an DT B-NP
essay NN I-NP
. . O

This DT B-NP
category NN I-NP
now RB B-ADVP
accounts VBZ B-VP
for IN B-PP
about IN B-NP
19 CD I-NP
% NN I-NP
of IN B-PP
admits VBZ B-NP
and CC O
22 CD B-NP
% NN I-NP
of IN B-PP
registrants NNS B-NP
. . O

The DT B-NP
plan NN I-NP
thus RB B-ADVP
will MD B-VP
decrease VB I-VP
by IN B-PP
22 CD B-NP
% NN I-NP
, , O
for IN B-PP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
10 CD B-NP
% NN I-NP
, , O
the DT B-NP
number NN I-NP
of IN B-PP
students NNS B-NP
admitted VBD B-VP
primarily RB B-ADVP
by IN B-PP
academic JJ B-NP
criteria NNS I-NP
. . O

Who WP B-NP
will MD B-VP
take VB I-VP
over IN B-PRT
these DT B-NP
places NNS I-NP
? . O

The DT B-NP
plan NN I-NP
creates VBZ B-VP
a DT B-NP
new JJ I-NP
category NN I-NP
of IN B-PP
students NNS B-NP
from IN B-PP
`` `` O
socioeconomically RB B-NP
disadvantaged JJ I-NP
backgrounds NNS I-NP
, , O
'' '' O
a DT B-NP
concept NN I-NP
not RB B-VP
yet RB I-VP
defined VBN I-VP
, , O
and CC O
gives VBZ B-VP
them PRP B-NP
about IN B-NP
10 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
class NN I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
plan NN I-NP
's POS B-NP
authors NNS I-NP
has VBZ B-VP
defended VBN I-VP
the DT B-NP
`` `` I-NP
socioeconomic JJ I-NP
disadvantage NN I-NP
'' '' I-NP
category NN I-NP
as IN B-PP
perhaps RB B-ADVP
making VBG B-VP
more JJR B-NP
sense NN I-NP
than IN B-PP
the DT B-NP
current JJ I-NP
affirmative-action NN I-NP
preferences NNS I-NP
based VBN B-VP
on IN B-PP
race NN B-NP
. . O

Perhaps RB B-ADVP
it PRP B-NP
does VBZ B-VP
. . O

But CC O
the DT B-NP
new JJ I-NP
category NN I-NP
does VBZ B-VP
not RB I-VP
replace VB I-VP
or CC I-VP
reduce VB I-VP
Berkeley NNP B-NP
's POS B-NP
broad JJ I-NP
racial JJ I-NP
preferences NNS I-NP
. . O

Nor CC O
will MD O
students NNS B-NP
from IN B-PP
racial-minority JJ B-NP
groups NNS I-NP
who WP B-NP
are VBP B-VP
admitted VBN I-VP
through IN B-PP
the DT B-NP
new JJ I-NP
category NN I-NP
be VB B-VP
counted VBN I-VP
against IN B-PP
the DT B-NP
affirmative-action NN I-NP
`` `` I-NP
target NN I-NP
'' '' O
for IN B-PP
their PRP$ B-NP
group NN I-NP
. . O

The DT B-NP
plan NN I-NP
thus RB B-ADVP
places VBZ B-VP
a DT B-NP
large JJ I-NP
new JJ I-NP
affirmative-action NN I-NP
program NN I-NP
, , O
based VBN B-VP
on IN B-PP
`` `` O
socioeconomic JJ B-NP
disadvantage NN I-NP
, , O
'' '' O
on IN B-PP
top NN B-NP
of IN B-PP
the DT B-NP
existing VBG I-NP
program NN I-NP
based VBN B-VP
on IN B-PP
race NN B-NP
. . O

The DT B-NP
role NN I-NP
of IN B-PP
academic JJ B-NP
criteria NNS I-NP
in IN B-PP
choosing VBG B-VP
Berkeley NNP B-NP
's POS B-NP
freshmen NNS I-NP
can MD B-VP
only RB I-VP
decline VB I-VP
as IN B-PP
a DT B-NP
result NN I-NP
. . O

Stephen NNP B-NP
R. NNP I-NP
Barnett NNP I-NP
Professor NNP B-NP
of IN B-PP
Law NNP B-NP
University NNP B-NP
of IN B-PP
California NNP B-NP
Berkeley NNP B-NP
, , O
Calif NNP B-NP
. . O

FOR IN B-PP
THOSE DT B-NP
WHO WP B-NP
DELIGHT VBP B-VP
in IN B-PP
the DT B-NP
misfortune NN I-NP
of IN B-PP
others NNS B-NP
, , O
read VB B-VP
on RB B-PRT
. . O

This DT B-NP
is VBZ B-VP
a DT B-NP
story NN I-NP
about IN B-PP
suckers NNS B-NP
. . O

Most JJS B-NP
of IN B-PP
us PRP B-NP
know VBP B-VP
a DT B-NP
sucker NN I-NP
. . O

Many JJ B-NP
of IN B-PP
us PRP B-NP
are VBP B-VP
suckers NNS B-NP
. . O

But CC O
what WP B-NP
we PRP B-NP
may MD B-VP
not RB I-VP
know VB I-VP
is VBZ B-VP
just RB B-NP
what WP I-NP
makes VBZ B-VP
somebody NN B-NP
a DT B-NP
sucker NN I-NP
. . O

What WP B-NP
makes VBZ B-VP
people NNS B-NP
blurt VBP B-VP
out IN B-PRT
their PRP$ B-NP
credit-card NN I-NP
numbers NNS I-NP
to TO B-PP
a DT B-NP
caller NN I-NP
they PRP B-NP
've VBP B-VP
never RB I-VP
heard VBN I-VP
of RB B-PP
? . O

Do VBP O
they PRP B-NP
really RB B-ADVP
believe VBP B-VP
that IN B-SBAR
the DT B-NP
number NN I-NP
is VBZ B-VP
just RB B-ADVP
for IN B-PP
verification NN B-NP
and CC O
is VBZ B-VP
simply RB B-NP
a DT I-NP
formality NN I-NP
on IN B-PP
the DT B-NP
road NN I-NP
to TO B-PP
being VBG B-VP
a DT B-NP
grand-prize NN I-NP
winner NN I-NP
? . O

What WP B-NP
makes VBZ B-VP
a DT B-NP
person NN I-NP
buy NN B-VP
an DT B-NP
oil NN I-NP
well RB I-NP
from IN B-PP
some DT B-NP
stranger NN I-NP
knocking VBG B-VP
on IN B-PP
the DT B-NP
screen NN I-NP
door NN I-NP
? . O

Or CC O
an DT B-NP
interest NN I-NP
in IN B-PP
a DT B-NP
retirement NN I-NP
community NN I-NP
in IN B-PP
Nevada NNP B-NP
that WDT B-NP
will MD B-VP
knock VB I-VP
your PRP$ B-NP
socks NNS I-NP
off IN B-ADVP
, , O
once RB B-SBAR
it PRP B-NP
is VBZ B-VP
built VBN I-VP
? . O

Because IN B-SBAR
in IN B-PP
the DT B-NP
end NN I-NP
, , O
these DT B-NP
people NNS I-NP
always RB B-ADVP
wind VBP B-VP
up IN B-PRT
asking VBG B-VP
themselves PRP B-NP
the DT B-NP
same JJ I-NP
question NN I-NP
: : O
`` `` O
How WRB B-ADVP
could MD O
I PRP B-NP
be VB B-VP
so RB B-ADJP
stupid JJ I-ADJP
? . O
'' '' O

There EX B-NP
are VBP B-VP
, , O
unfortunately RB B-ADVP
, , O
plenty NN B-NP
of IN B-PP
answers NNS B-NP
to TO B-PP
that DT B-NP
question NN I-NP
-- : O
and CC O
scam NN B-NP
artists NNS I-NP
know VBP B-VP
all DT B-NP
of IN B-PP
them PRP B-NP
. . O

`` `` O
These DT B-NP
people NNS I-NP
are VBP B-VP
very RB B-ADJP
skilled JJ I-ADJP
at IN B-PP
finding VBG B-VP
out IN B-PRT
what WP B-NP
makes VBZ B-VP
a DT B-NP
person NN I-NP
tick NN B-VP
, , O
'' '' O
says VBZ B-VP
Kent NNP B-NP
Neal NNP I-NP
, , O
chief NN B-NP
of IN B-PP
the DT B-NP
economic-crime JJ I-NP
unit NN I-NP
of IN B-PP
the DT B-NP
Broward NNP I-NP
County NNP I-NP
State NNP I-NP
Attorney NNP I-NP
's POS B-NP
Office NNP I-NP
in IN B-PP
Fort NNP B-NP
Lauderdale NNP I-NP
, , O
Fla. NNP B-NP
, , O
a DT B-NP
major JJ I-NP
haven NN I-NP
for IN B-PP
boiler NN B-NP
rooms NNS I-NP
. . O

`` `` O
Once RB O
they PRP B-NP
size VBP B-VP
them PRP B-NP
up IN B-PRT
, , O
then RB B-ADVP
they PRP B-NP
know VBP B-VP
what WP B-NP
buttons NNS I-NP
to TO B-VP
push VB I-VP
. . O
'' '' O

John NNP B-NP
Blodgett NNP I-NP
agrees VBZ B-VP
-- : O
and CC O
he PRP B-NP
ought MD B-VP
to TO I-VP
know VB I-VP
. . O

He PRP B-NP
used VBD B-VP
to TO I-VP
be VB I-VP
a DT B-NP
boiler-room NN I-NP
salesman NN I-NP
, , O
peddling VBG B-VP
investments NNS B-NP
in IN B-PP
oil NN B-NP
and CC I-NP
gas NN I-NP
wells NNS I-NP
and CC O
rare JJ B-NP
coins NNS I-NP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
a DT B-NP
definite JJ I-NP
psychology NN I-NP
of IN B-PP
the DT B-NP
sale NN I-NP
and CC O
different JJ B-NP
personalities NNS I-NP
you PRP B-NP
pitch VBP B-VP
different JJ B-NP
ways NNS I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

The DT B-NP
most RBS I-NP
obvious JJ I-NP
pitch NN I-NP
, , O
of IN B-PP
course NN B-NP
, , O
is VBZ B-VP
the DT B-NP
lure NN I-NP
of IN B-PP
big JJ B-NP
returns NNS I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
all PDT O
a DT B-NP
little JJ I-NP
greedy JJ B-ADJP
. . O

Everyone NN B-NP
is VBZ B-VP
vulnerable JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
Charles NNP B-NP
Harper NNP I-NP
, , O
associate JJ B-NP
regional JJ I-NP
administrator NN I-NP
for IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
in IN B-PP
Miami NNP B-NP
. . O

`` `` O
These DT B-NP
guys NNS I-NP
prey VBP B-VP
on IN B-PP
human JJ B-NP
frailties NNS I-NP
. . O
'' '' O

While IN B-SBAR
the DT B-NP
promises NNS I-NP
of IN B-PP
big JJ B-NP
profits NNS I-NP
ought MD B-VP
to TO I-VP
set VB I-VP
off IN B-PRT
warning NN B-NP
bells NNS I-NP
, , O
they PRP B-NP
often RB B-ADVP
do VBP B-VP
n't RB O
, , O
in IN B-PP
part NN B-NP
because IN B-SBAR
get-rich-quick JJ B-NP
tales NNS I-NP
have VBP B-VP
become VBN I-VP
embedded VBN I-VP
in IN B-PP
American JJ B-NP
folklore NN I-NP
. . O

`` `` O
The DT B-NP
overnight JJ I-NP
success NN I-NP
story NN I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
our PRP$ B-NP
culture NN I-NP
, , O
and CC O
our PRP$ B-NP
society NN I-NP
puts VBZ B-VP
an DT B-NP
emphasis NN I-NP
on IN B-PP
it PRP B-NP
with IN B-PP
lotteries NNS B-NP
and CC O
Ed NNP B-NP
McMahon NNP I-NP
making VBG B-VP
millionaires NNS B-NP
out IN B-ADVP
of IN B-PP
people NNS B-NP
, , O
'' '' O
says VBZ B-VP
Michael NNP B-NP
Cunningham NNP I-NP
, , O
an DT B-NP
associate JJ I-NP
professor NN I-NP
of IN B-PP
psychology NN B-NP
at IN B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
Kentucky NNP B-NP
in IN B-PP
Louisville NNP B-NP
. . O

`` `` O
Other JJ B-NP
people NNS I-NP
are VBP B-VP
making VBG I-VP
it PRP B-NP
overnight JJ B-ADVP
, , O
and CC O
the DT B-NP
rest NN I-NP
who WP B-NP
toil VBP B-VP
daily JJ B-ADVP
do NN B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
miss VB I-VP
that DT B-NP
opportunity NN I-NP
when WRB B-ADVP
it PRP B-NP
seems VBZ B-VP
to TO I-VP
come VB I-VP
along IN B-PRT
. . O
'' '' O

Adds VBZ B-VP
Spencer NNP B-NP
Barasch NNP I-NP
, , O
branch NN B-NP
chief NN I-NP
for IN B-PP
enforcement NN B-NP
at IN B-PP
the DT B-NP
SEC NNP I-NP
in IN B-PP
Fort NNP B-NP
Worth NNP I-NP
, , O
Texas NNP B-NP
: : O
`` `` O
Why WRB B-ADVP
do VBP O
people NNS B-NP
play VB B-VP
the DT B-NP
lottery NN I-NP
when WRB B-ADVP
the DT B-NP
odds NNS I-NP
are VBP B-VP
great JJ B-ADJP
against IN B-PP
them PRP B-NP
? . O

People NNS B-NP
are VBP B-VP
shooting VBG I-VP
for IN B-PP
a DT B-NP
dream NN I-NP
. . O
'' '' O

Clearly RB B-ADVP
, , O
though RB B-ADVP
, , O
scam NN B-NP
artists NNS I-NP
have VBP B-VP
to TO I-VP
be VB I-VP
a DT B-NP
bit NN I-NP
more RBR B-ADJP
subtle JJ I-ADJP
than IN B-PP
simply RB B-ADVP
promising JJ B-VP
millions NNS B-NP
; : O
the DT B-NP
psychology NN I-NP
of IN B-PP
suckers NNS B-NP
is VBZ B-VP
n't RB O
simply RB B-ADVP
the DT B-NP
psychology NN I-NP
of IN B-PP
the DT B-NP
greedy JJ I-NP
. . O

There EX B-NP
's VBZ B-VP
also RB B-ADVP
, , O
for IN B-PP
instance NN B-NP
, , O
the DT B-NP
need NN I-NP
to TO B-VP
be VB I-VP
part NN B-NP
of IN B-PP
the DT B-NP
in-crowd NN I-NP
. . O

So RB O
one CD B-NP
popular JJ I-NP
ploy NN I-NP
is VBZ B-VP
to TO B-VP
make VB I-VP
a DT B-NP
prospective JJ I-NP
investor NN I-NP
feel NN B-VP
like IN B-PP
an DT B-NP
insider NN I-NP
, , O
joining VBG B-VP
an DT B-NP
exclusive JJ I-NP
group NN I-NP
that WDT B-NP
is VBZ B-VP
about IN O
to TO B-VP
make VB I-VP
a DT B-NP
killing NN I-NP
. . O

Between IN B-PP
1978 CD B-NP
and CC I-NP
1987 CD I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
SH NNP B-NP
Oil NNP I-NP
in IN B-PP
Winter NNP B-NP
Haven NNP I-NP
, , O
Fla. NNP B-NP
, , O
sold VBN B-VP
interests NNS B-NP
in IN B-PP
oil NN B-NP
wells NNS I-NP
to TO B-PP
a DT B-NP
very RB I-NP
select VB I-NP
group NN I-NP
of IN B-PP
local JJ B-NP
residents NNS I-NP
, , O
while IN B-SBAR
turning VBG B-VP
away RB B-ADVP
numerous JJ B-NP
other JJ I-NP
eager JJ I-NP
investors NNS I-NP
. . O

The DT B-NP
owner NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
, , O
Stephen NNP B-NP
Smith NNP I-NP
, , O
who WP B-NP
has VBZ B-VP
since IN I-VP
pleaded VBN I-VP
guilty JJ B-ADJP
to TO B-PP
state VB B-NP
and CC I-NP
federal JJ I-NP
fraud NN I-NP
charges NNS I-NP
, , O
confided VBD B-VP
to TO B-PP
investors NNS B-NP
that IN B-SBAR
he PRP B-NP
had VBD B-VP
a DT B-NP
secret JJ I-NP
agreement NN I-NP
with IN B-PP
Amoco NNP B-NP
Oil NNP I-NP
Co. NNP I-NP
and CC O
said VBD B-VP
the DT B-NP
location NN I-NP
of IN B-PP
his PRP$ B-NP
wells NNS I-NP
was VBD B-VP
confidential JJ B-ADJP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
civil JJ I-NP
suit NN I-NP
filed VBN B-VP
in IN B-PP
a DT B-NP
Florida NNP I-NP
state NN I-NP
court NN I-NP
by IN B-PP
the DT B-NP
Florida NNP I-NP
comptroller NN I-NP
's POS B-NP
office NN I-NP
. . O

Neither CC O
the DT B-NP
Amoco NNP I-NP
agreement NN I-NP
nor CC O
the DT B-NP
wells NNS I-NP
existed VBD B-VP
, , O
the DT B-NP
suit NN I-NP
alleged VBN B-VP
. . O

Such JJ B-NP
schemes NNS I-NP
, , O
says VBZ B-VP
Tony NNP B-NP
Adamski NNP I-NP
, , O
chief NN B-NP
of IN B-PP
the DT B-NP
financial-crimes NNS I-NP
unit NN I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Bureau NNP I-NP
of IN B-PP
Investigation NNP B-NP
in IN B-PP
Washington NNP B-NP
, , O
D.C. NNP B-NP
, , O
appeal NN B-VP
to TO B-PP
investors NNS B-NP
' POS B-NP
`` `` I-NP
desire NN I-NP
to TO B-VP
believe VB I-VP
this DT B-NP
is VBZ B-VP
really RB B-ADVP
true JJ B-ADJP
and CC O
that IN B-SBAR
they PRP B-NP
are VBP B-VP
part NN B-NP
of IN B-PP
a DT B-NP
chosen VBN I-NP
group NN I-NP
being VBG B-VP
given VBN I-VP
this DT B-NP
opportunity NN I-NP
. . O
'' '' O

At IN B-PP
times NNS B-NP
, , O
salesmen NNS B-NP
may MD B-VP
embellish VB I-VP
the DT B-NP
inside JJ I-NP
information NN I-NP
with IN B-PP
`` `` O
the DT B-NP
notion NN I-NP
that IN B-SBAR
this DT B-NP
is VBZ B-VP
some DT B-NP
slightly RB I-NP
shady JJ I-NP
, , I-NP
slightly RB I-NP
illegal JJ I-NP
investment NN I-NP
the DT B-NP
person NN I-NP
is VBZ B-VP
being VBG I-VP
included VBN I-VP
in IN B-PP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Cunningham NNP I-NP
. . O

In IN B-PP
appealing JJ B-VP
to TO B-PP
those DT B-NP
with IN B-PP
a DT B-NP
bit NN I-NP
of IN B-PP
larceny NN B-NP
in IN B-PP
their PRP$ B-NP
hearts NNS I-NP
, , O
the DT B-NP
fraud NN I-NP
artist NN I-NP
can MD B-VP
insist VB I-VP
that IN B-SBAR
a DT B-NP
person NN I-NP
keep NN B-VP
an DT B-NP
investment NN I-NP
secret JJ B-ADJP
-- : O
insulating VBG B-VP
himself PRP B-NP
from IN B-PP
being VBG B-VP
discovered VBN I-VP
and CC O
keeping VBG B-VP
his PRP$ B-NP
victim NN I-NP
from IN B-PP
consulting NN B-VP
with IN B-PP
others NNS B-NP
. . O

It PRP B-NP
also RB B-ADVP
adds VBZ B-VP
to TO B-PP
the DT B-NP
mystery NN I-NP
of IN B-PP
the DT B-NP
venture NN I-NP
. . O

Mr. NNP B-NP
Blodgett NNP I-NP
, , O
the DT B-NP
boiler-room NN I-NP
veteran NN I-NP
, , O
believes VBZ B-VP
that IN B-SBAR
for IN B-PP
many JJ B-NP
investors NNS I-NP
, , O
the DT B-NP
get-rich-quick JJ I-NP
scams NNS I-NP
carry VBP B-VP
a DT B-NP
longed-for JJ I-NP
element NN I-NP
of IN B-PP
excitement NN B-NP
. . O

`` `` O
Once RB B-SBAR
people NNS B-NP
got VBD B-VP
into IN B-PP
it PRP B-NP
, , O
I PRP B-NP
was VBD B-VP
allowing VBG I-VP
them PRP B-NP
to TO B-VP
live VB I-VP
a DT B-NP
dream NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

He PRP B-NP
phoned VBD B-VP
them PRP B-NP
with IN B-PP
updates NNS B-NP
on IN B-PP
the DT B-NP
investment NN I-NP
, , O
such JJ B-PP
as IN I-PP
`` `` O
funny JJ B-NP
things NNS I-NP
that WDT B-NP
happened VBD B-VP
at IN B-PP
the DT B-NP
well RB I-NP
that DT B-NP
week NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
You PRP B-NP
gave VBD B-VP
them PRP B-NP
some DT B-NP
excitement NN I-NP
that IN B-NP
they PRP B-NP
did VBD B-VP
n't RB I-VP
have VB I-VP
in IN B-PP
their PRP$ B-NP
lives NNS I-NP
. . O
'' '' O

-LRB- ( O
Mr. NNP B-NP
Blodgett NNP I-NP
, , O
who WP B-NP
was VBD B-VP
convicted VBN I-VP
in IN B-PP
Florida NNP B-NP
state NN I-NP
court NN I-NP
of IN B-PP
selling VBG B-VP
unregistered JJ B-NP
securities NNS I-NP
and CC O
in IN B-PP
California NNP B-NP
state NN I-NP
court NN I-NP
of IN B-PP
unlawful JJ B-NP
use NN I-NP
of IN B-PP
the DT B-NP
telephone NN I-NP
to TO B-VP
defraud VB I-VP
and CC I-VP
deceive VB I-VP
, , O
is VBZ B-VP
now RB B-ADVP
on IN B-PP
probation NN B-NP
. . O

He PRP B-NP
says VBZ B-VP
he PRP B-NP
has VBZ B-VP
quit VBN I-VP
the DT B-NP
business NN I-NP
and CC O
is VBZ B-VP
back RB B-ADVP
in IN B-PP
school NN B-NP
, , O
majoring VBG B-VP
in IN B-PP
psychology NN B-NP
with IN B-PP
aspirations NNS B-NP
to TO B-VP
go VB I-VP
into IN B-PP
industrial JJ B-NP
psychology NN I-NP
. . O
-RRB- ) O

For IN B-PP
some DT B-NP
investors NNS I-NP
, , O
it PRP B-NP
's VBZ B-VP
the DT B-NP
appearances NNS I-NP
that WDT B-NP
leave VBP B-VP
them PRP B-NP
deceived VBD B-ADJP
. . O

`` `` O
The DT B-NP
trappings NNS I-NP
of IN B-PP
success NN B-NP
go NN B-VP
a DT B-NP
long JJ I-NP
way NN I-NP
-- : O
wearing VBG B-VP
the DT B-NP
right NN I-NP
clothes NNS I-NP
, , O
doing VBG B-VP
the DT B-NP
right NN I-NP
things NNS I-NP
, , O
'' '' O
says VBZ B-VP
Paul NNP B-NP
Andreassen NNP I-NP
, , O
an DT B-NP
associate JJ I-NP
professor NN I-NP
of IN B-PP
psychology NN B-NP
at IN B-PP
Harvard NNP B-NP
. . O

Conservative JJ B-NP
appearances NNS I-NP
make VBP B-VP
people NNS B-NP
think VBP B-VP
it PRP B-NP
's VBZ B-VP
a DT B-NP
conservative JJ I-NP
investment NN I-NP
. . O

`` `` O
People NNS B-NP
honestly RB B-VP
lose VBP I-VP
money NN B-NP
on IN B-PP
risky JJ B-NP
investments NNS I-NP
that IN B-NP
they PRP B-NP
did VBD B-VP
n't RB I-VP
realize VB I-VP
were VBD B-VP
a DT B-NP
crapshoot NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Paul NNP B-NP
Wenz NNP I-NP
, , O
a DT B-NP
Phoenix NNP I-NP
, , I-NP
Ariz. NNP I-NP
, , I-NP
attorney NN I-NP
, , O
says VBZ B-VP
a DT B-NP
promise NN I-NP
of IN B-PP
unrealistic JJ B-NP
returns NNS I-NP
would MD B-VP
have VB I-VP
made VBN I-VP
him PRP B-NP
leery JJ B-ADJP
. . O

But CC O
Mr. NNP B-NP
Wenz NNP I-NP
, , O
who WP B-NP
says VBZ B-VP
he PRP B-NP
lost VBD B-VP
$ $ B-NP
43,000 CD I-NP
in IN B-PP
one CD B-NP
precious-metals NNS I-NP
deal VBP I-NP
and CC O
$ $ B-NP
39,000 CD I-NP
in IN B-PP
another DT B-NP
, , O
says VBZ B-VP
a DT B-NP
salesman NN I-NP
`` `` B-VP
used VBN I-VP
a DT B-NP
business-venture JJ I-NP
approach NN I-NP
'' '' O
with IN B-PP
him PRP B-NP
, , O
sending VBG B-VP
investment NN B-NP
literature NN I-NP
, , O
a DT B-NP
contract NN I-NP
limiting VBG B-VP
the DT B-NP
firm NN I-NP
's POS B-NP
liability NN I-NP
, , O
and CC O
an DT B-NP
insurance NN I-NP
policy NN I-NP
. . O

When WRB B-ADVP
he PRP B-NP
visited VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
office NN I-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
it PRP B-NP
had VBD B-VP
`` `` O
all PDT B-NP
the DT I-NP
trappings NNS I-NP
of IN B-PP
legitimacy NN B-NP
. . O
'' '' O

Still JJ B-NP
others NNS I-NP
are VBP B-VP
stung VBN I-VP
by IN B-PP
a DT B-NP
desire NN I-NP
to TO B-VP
do VB I-VP
both DT O
well RB B-ADVP
and CC O
good JJ B-NP
, , O
says VBZ B-VP
Douglas NNP B-NP
Watson NNP I-NP
, , O
commanding VBG B-NP
officer NN I-NP
of IN B-PP
the DT B-NP
Los NNP I-NP
Angeles NNP I-NP
Police NNP I-NP
Department NNP I-NP
's POS B-NP
bunko-forgery NN I-NP
division NN I-NP
. . O

Born-again JJ B-NP
Christians NNPS I-NP
are VBP B-VP
the DT B-NP
most RBS I-NP
visible JJ I-NP
targets NNS I-NP
of IN B-PP
unscrupulous JJ B-NP
do-gooder JJ I-NP
investment NN I-NP
pitches NNS I-NP
. . O

But CC O
hardly RB B-ADVP
the DT B-NP
only JJ I-NP
ones NNS I-NP
: : O
The DT B-NP
scams NNS I-NP
promise VBP B-VP
-- : O
among IN B-PP
other JJ B-NP
things NNS I-NP
-- : O
to TO B-VP
help VB I-VP
save VB I-VP
the DT B-NP
environment NN I-NP
, , O
feed NN B-VP
starving VBG B-NP
families NNS I-NP
and CC O
prevent VB B-VP
the DT B-NP
disappearance NN I-NP
of IN B-PP
children NNS B-NP
. . O

Psychologists NNS B-NP
say VBP B-VP
isolated VBN B-NP
people NNS I-NP
who WP B-NP
do VBP B-VP
n't RB I-VP
discuss VB I-VP
their PRP$ B-NP
investments NNS I-NP
with IN B-PP
others NNS B-NP
are VBP B-VP
particularly RB B-ADVP
at IN B-PP
risk NN B-NP
for IN B-PP
fraud NN B-NP
. . O

Scam NN B-NP
artists NNS I-NP
seek VBP B-VP
out RP B-PRT
such JJ B-NP
people NNS I-NP
-- : O
or CC O
try VB B-VP
to TO I-VP
make VB I-VP
sure JJ B-ADJP
that IN B-SBAR
their PRP$ B-NP
victims NNS I-NP
isolate VBP B-VP
themselves PRP B-NP
. . O

For IN B-PP
instance NN B-NP
, , O
salesmen NNS B-NP
may MD B-VP
counter VB I-VP
a DT B-NP
man NN I-NP
's POS B-NP
objection NN I-NP
that IN B-SBAR
he PRP B-NP
wants VBZ B-VP
to TO I-VP
discuss VB I-VP
an DT B-NP
investment NN I-NP
with IN B-PP
his PRP$ B-NP
wife NN I-NP
by IN B-PP
asking VBG B-VP
, , O
`` `` O
Who WP B-NP
wears VBZ B-VP
the DT B-NP
pants NNS I-NP
in IN B-PP
your PRP$ B-NP
family NN I-NP
? . O
'' '' O

Or CC O
an DT B-NP
investor NN I-NP
who WP B-NP
wants VBZ B-VP
his PRP$ B-NP
accountant NN I-NP
's POS B-NP
advice NN I-NP
may MD B-VP
be VB I-VP
told VBN I-VP
, , O
`` `` O
You PRP B-NP
seem VBP B-VP
like IN B-PP
a DT B-NP
guy NN I-NP
who WP B-NP
can MD B-VP
make VB I-VP
up IN B-PRT
his PRP$ B-NP
own JJ I-NP
mind NN I-NP
. . O
'' '' O

Often RB B-ADVP
con JJ B-NP
artists NNS I-NP
will MD B-VP
try VB I-VP
to TO I-VP
disarm VB I-VP
their PRP$ B-NP
victims NNS I-NP
by IN B-PP
emphasizing VBG B-VP
similarities NNS B-NP
between IN B-PP
them PRP B-NP
. . O

William NNP B-NP
Lynes NNP I-NP
, , O
a DT B-NP
retired VBN I-NP
engineer NN I-NP
from IN B-PP
Lockheed NNP B-NP
Corp. NNP I-NP
, , O
says VBZ B-VP
he PRP B-NP
and CC O
his PRP$ B-NP
wife NN I-NP
, , O
Lily NNP B-NP
, , O
warmed VBD B-VP
to TO B-PP
the DT B-NP
investment NN I-NP
pitches NNS I-NP
of IN B-PP
a DT B-NP
penny-stock JJ I-NP
peddler NN I-NP
from IN B-PP
Stuart-James NNP B-NP
Co. NNP I-NP
in IN B-PP
Atlanta NNP B-NP
after IN O
the DT B-NP
broker NN I-NP
told VBD B-VP
them PRP B-NP
he PRP B-NP
, , O
too RB B-ADVP
, , O
had VBD B-VP
once RB I-VP
worked VBN I-VP
with IN B-PP
Lockheed NNP B-NP
. . O

The DT B-NP
Lyneses NNP I-NP
, , O
of IN B-PP
Powder NNP B-NP
Springs NNP I-NP
, , O
Ga. NNP B-NP
, , O
have VBP B-VP
filed VBN I-VP
suit NN B-NP
in IN B-PP
Georgia NNP B-NP
state NN I-NP
court NN I-NP
against IN B-PP
Stuart NNP B-NP
James NNP I-NP
, , O
alleging VBG B-VP
fraud NN B-NP
. . O

They PRP B-NP
are VBP B-VP
awaiting VBG I-VP
an DT B-NP
arbitration NN I-NP
proceeding NN I-NP
. . O

They PRP B-NP
say VBP B-VP
the DT B-NP
broker NN I-NP
took VBD B-VP
them PRP B-NP
out IN B-ADVP
for IN B-PP
lunch NN B-NP
frequently RB B-ADVP
. . O

He PRP B-NP
urged VBD B-VP
them PRP B-NP
to TO B-VP
refer VB I-VP
their PRP$ B-NP
friends NNS I-NP
, , O
who WP B-NP
also RB B-ADVP
lost VBD B-VP
money NN B-NP
. . O

-LRB- ( O
Donald NNP B-NP
Trinen NNP I-NP
, , O
an DT B-NP
attorney NN I-NP
for IN B-PP
the DT B-NP
penny-brokerage JJ I-NP
firm NN I-NP
, , O
denies VBZ B-VP
the DT B-NP
fraud NN I-NP
allegations NNS I-NP
and CC O
says VBZ B-VP
the DT B-NP
Lyneses NNP I-NP
were VBD B-VP
fully RB I-VP
apprised VBN I-VP
that IN B-SBAR
they PRP B-NP
were VBD B-VP
pursuing VBG I-VP
a DT B-NP
high-risk JJ I-NP
investment NN I-NP
. . O
-RRB- ) O

`` `` O
It PRP B-NP
's VBZ B-VP
not RB O
uncommon JJ B-ADJP
for IN B-SBAR
these DT B-NP
guys NNS I-NP
to TO B-VP
send VB I-VP
pictures NNS B-NP
of IN B-PP
themselves PRP B-NP
or CC O
their PRP$ B-NP
families NNS I-NP
to TO B-VP
ingratiate VB I-VP
themselves PRP B-NP
to TO B-PP
their PRP$ B-NP
clients NNS I-NP
, , O
'' '' O
says VBZ B-VP
Terree NNP B-NP
Bowers NNP I-NP
, , O
chief NN B-NP
of IN B-PP
the DT B-NP
major-frauds JJ I-NP
section NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
attorney NN I-NP
's POS B-NP
office NN I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
. . O

`` `` O
We PRP B-NP
've VBP B-VP
seen VBN I-VP
cases NNS B-NP
where WRB B-ADVP
salesmen NNS B-NP
will MD B-VP
affect VB I-VP
the DT B-NP
accent NN I-NP
of IN B-PP
the DT B-NP
region NN I-NP
of IN B-PP
the DT B-NP
country NN I-NP
they PRP B-NP
are VBP B-VP
calling VBG I-VP
. . O

Anything NN B-NP
to TO B-VP
make VB I-VP
a DT B-NP
sale NN I-NP
. . O
'' '' O

Experts NNS B-NP
say VBP B-VP
that IN B-SBAR
whatever WDT B-NP
a DT B-NP
person NN I-NP
's POS B-NP
particular JJ I-NP
weak JJ I-NP
point NN I-NP
, , O
timing NN B-NP
is VBZ B-VP
crucial JJ B-ADJP
. . O

People NNS B-NP
may MD B-VP
be VB I-VP
particularly RB B-ADJP
vulnerable JJ I-ADJP
to TO B-PP
flim-flam NN B-NP
pitches NNS I-NP
when WRB B-ADVP
they PRP B-NP
are VBP B-VP
in IN B-PP
the DT B-NP
midst NN I-NP
of IN B-PP
a DT B-NP
major JJ I-NP
upheaval NN I-NP
in IN B-PP
their PRP$ B-NP
lives NNS I-NP
. . O

`` `` O
Sometimes RB B-ADVP
when WRB B-ADVP
people NNS B-NP
are VBP B-VP
making VBG I-VP
big JJ B-NP
changes NNS I-NP
, , O
retiring VBG B-VP
from IN B-PP
their PRP$ B-NP
jobs NNS I-NP
, , O
moving VBG B-VP
to TO B-PP
a DT B-NP
new JJ I-NP
area NN I-NP
, , O
they PRP B-NP
lose VBP B-VP
their PRP$ B-NP
bearings NNS I-NP
, , O
'' '' O
says VBZ B-VP
Maury NNP B-NP
Elvekrog NNP I-NP
, , O
a DT B-NP
licensed VBN I-NP
psychologist NN I-NP
who WP B-NP
is VBZ B-VP
now RB B-ADVP
an DT B-NP
investment NN I-NP
adviser NN I-NP
and CC I-NP
principal JJ I-NP
in IN B-PP
Seger-Elvekrog NNP B-NP
Inc. NNP I-NP
, , O
a DT B-NP
Birmingham NNP I-NP
, , I-NP
Mich. NNP I-NP
, , I-NP
investment-counseling JJ I-NP
firm NN I-NP
. . O

`` `` O
They PRP B-NP
may MD B-VP
be VB I-VP
susceptible JJ B-ADJP
to TO B-PP
some DT B-NP
song NN I-NP
and CC I-NP
dance NN I-NP
if IN B-SBAR
it PRP B-NP
hits VBZ B-VP
them PRP B-NP
at IN B-PP
the DT B-NP
right JJ I-NP
time NN I-NP
. . O
'' '' O

They PRP B-NP
are VBP B-VP
obviously RB B-ADVP
also RB B-ADVP
more RBR B-ADJP
susceptible JJ I-ADJP
when WRB B-ADVP
they PRP B-NP
need VBP B-VP
money NN B-NP
- : O
retirees NNS B-NP
, , O
for IN B-PP
instance NN B-NP
, , O
trying VBG B-VP
to TO I-VP
bolster VB I-VP
their PRP$ B-NP
fixed VBN I-NP
income NN I-NP
or CC O
parents NNS B-NP
fretting VBG B-VP
over IN B-PP
how WRB B-ADVP
to TO B-VP
pay VB I-VP
for IN B-PP
a DT B-NP
child NN I-NP
's POS B-NP
college NN I-NP
expenses NNS I-NP
. . O

`` `` O
These DT B-NP
people NNS I-NP
are VBP B-VP
n't RB O
necessarily RB B-ADVP
stupid JJ B-ADJP
or CC I-ADJP
naive JJ I-ADJP
. . O

Almost RB B-NP
all DT I-NP
of IN B-PP
us PRP B-NP
in IN B-PP
comparable JJ B-NP
circumstances NNS I-NP
might MD B-VP
be VB I-VP
victimized VBN I-VP
in IN B-PP
some DT B-NP
way NN I-NP
, , O
'' '' O
says VBZ B-VP
Jerald NNP B-NP
Jellison NNP I-NP
, , O
a DT B-NP
psychology NN I-NP
professor NN I-NP
at IN B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
Southern NNP B-NP
California NNP I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
. . O

Nick NNP B-NP
Cortese NNP I-NP
thinks VBZ B-VP
that DT B-NP
's VBZ B-VP
what WP B-NP
happened VBD B-VP
to TO B-PP
him PRP B-NP
. . O

Mr. NNP B-NP
Cortese NNP I-NP
, , O
a DT B-NP
33-year-old NNP I-NP
Delta NNP I-NP
Air NNP I-NP
Lines NNPS I-NP
engineer NN I-NP
, , O
invested VBD B-VP
some DT B-NP
$ $ I-NP
2,000 CD I-NP
in IN B-PP
penny NN B-NP
stocks NNS I-NP
through IN B-PP
a DT B-NP
broker NN I-NP
who WP B-NP
promised VBD B-VP
quick JJ B-NP
returns NNS I-NP
. . O

`` `` O
We PRP B-NP
were VBD B-VP
saving VBG I-VP
up VB B-PRT
to TO B-VP
buy VB I-VP
a DT B-NP
house NN I-NP
, , O
and CC O
my PRP$ B-NP
wife NN I-NP
was VBD B-VP
pregnant JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Cortese NNP I-NP
. . O

`` `` O
It PRP B-NP
was VBD B-VP
just RB B-ADVP
before IN B-PP
the DT B-NP
Christmas NNP I-NP
holidays NNS I-NP
, , O
and CC O
I PRP B-NP
figured VBD B-VP
we PRP B-NP
could MD B-VP
use VB I-VP
some DT B-NP
extra JJ I-NP
cash NN I-NP
. . O
'' '' O

The DT B-NP
investment NN I-NP
is VBZ B-VP
worth JJ B-ADJP
about RB B-NP
$ $ I-NP
130 CD I-NP
today NN B-NP
. . O

`` `` O
Maybe RB B-ADVP
it PRP B-NP
was VBD B-VP
just RB B-NP
a DT I-NP
vulnerable JJ I-NP
time NN I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Cortese NNP I-NP
. . O

`` `` O
Maybe RB B-ADVP
the DT B-NP
next JJ I-NP
day NN I-NP
or CC O
even RB B-ADVP
an DT B-NP
hour NN I-NP
later RB B-ADVP
, , O
I PRP B-NP
would MD B-VP
n't RB I-VP
have VB I-VP
done VBN I-VP
it PRP B-NP
. . O
'' '' O

Ms. NNP B-NP
Brannigan NNP I-NP
is VBZ B-VP
a DT B-NP
staff NN I-NP
reporter NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
Atlanta NNP I-NP
bureau NN I-NP
. . O

Prices NNS B-NP
for IN B-PP
seats NNS B-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
are VBP B-VP
recovering VBG I-VP
a DT B-NP
bit NN I-NP
after IN B-PP
hitting VBG B-VP
a DT B-NP
four-year JJ I-NP
low RB I-NP
earlier RBR B-NP
this DT I-NP
month NN I-NP
. . O

Two CD B-NP
seats NNS I-NP
on IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
were VBD B-VP
sold VBN I-VP
yesterday NN B-NP
for IN B-PP
$ $ B-NP
455,000 CD I-NP
, , B-NP
and CC I-NP
then RB I-NP
$ $ B-NP
500,000 CD I-NP
. . O

The DT B-NP
previous JJ I-NP
sale NN I-NP
was VBD B-VP
$ $ B-NP
436,000 CD I-NP
on IN B-PP
Oct. NNP B-NP
17 CD I-NP
; : O
the DT B-NP
last JJ I-NP
time NN I-NP
prices NNS B-NP
were VBD B-VP
that IN B-ADJP
low NN I-ADJP
was VBD B-VP
November NNP B-NP
1985 CD I-NP
, , O
when WRB B-ADVP
a DT B-NP
seat NN I-NP
sold VBN B-VP
for IN B-PP
$ $ B-NP
425,000 CD I-NP
. . O

Prices NNS B-NP
peaked VBD B-VP
at IN B-PP
$ $ B-NP
1,150,000 CD I-NP
in IN B-PP
September NNP B-NP
1987 CD I-NP
. . O

Seats NNS B-NP
are VBP B-VP
currently RB I-VP
quoted VBN I-VP
at IN B-PP
$ $ B-NP
430,000 CD I-NP
bid NN B-VP
and CC O
$ $ B-NP
525,000 CD I-NP
asked VBD B-VP
. . O

FOX NN B-NP
HUNTING NN I-NP
HAS VBZ B-VP
been VBN I-VP
defined VBN I-VP
as IN B-PP
the DT B-NP
unspeakable JJ I-NP
in IN B-PP
pursuit NN B-NP
of IN B-PP
the DT B-NP
inedible JJ I-NP
, , O
but CC O
at IN B-ADVP
least JJS I-ADVP
it PRP B-NP
's VBZ B-VP
exercise NN B-NP
. . O

At IN B-ADVP
least JJS I-ADVP
it PRP B-NP
has VBZ B-VP
a DT B-NP
little JJ I-NP
dash NN I-NP
. . O

Most JJS B-NP
of IN B-PP
us PRP B-NP
have VBP B-VP
to TO I-VP
spend VB I-VP
our PRP$ B-NP
time NN I-NP
on IN B-PP
pursuits NNS B-NP
that WDT B-NP
afford VBP B-VP
neither DT B-NP
, , O
drab JJ B-NP
duties NNS I-NP
rather RB B-PP
than IN I-PP
pleasures NNS B-NP
. . O

Like IN B-PP
trying VBG B-VP
to TO I-VP
buy VB I-VP
life NN B-NP
insurance NN I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
an DT B-NP
endeavor NN I-NP
notably RB B-VP
lacking VBG I-VP
in IN B-PP
dash NN B-NP
. . O

Call VB B-VP
it PRP B-NP
the DT B-NP
uninformed JJ I-NP
trudging VBG B-VP
after IN B-PP
the DT B-NP
incomprehensible NN I-NP
. . O

But CC O
sooner RBR B-ADVP
or CC I-ADVP
later RB I-ADVP
, , O
most RBS B-NP
of IN B-PP
us PRP B-NP
have VBP B-VP
to TO I-VP
think VB I-VP
about IN B-PP
life NN B-NP
insurance NN I-NP
, , O
just RB B-SBAR
as IN I-SBAR
we PRP B-NP
often RB B-ADVP
have VBP B-VP
to TO I-VP
think VB I-VP
about IN B-PP
having VBG B-VP
root-canal NN B-NP
work NN I-NP
. . O

And CC O
my PRP$ B-NP
time NN I-NP
has VBZ B-VP
come VBN I-VP
. . O

I PRP B-NP
'm VBP B-VP
33 CD B-NP
, , O
married VBN B-ADJP
, , O
no DT B-NP
children NNS I-NP
, , O
and CC O
employed VBD B-VP
in IN B-PP
writing VBG B-VP
stories NNS B-NP
like IN B-PP
this DT B-NP
one CD I-NP
. . O

In IN B-PP
times NNS B-NP
past JJ B-ADJP
, , O
life-insurance NN B-NP
salesmen NNS I-NP
targeted VBD B-VP
heads NNS B-NP
of IN B-PP
household NN B-NP
, , O
meaning NN B-VP
men NNS B-NP
, , O
but CC O
ours PRP B-NP
is VBZ B-VP
a DT B-NP
two-income JJ I-NP
family NN I-NP
and CC O
accustomed VBN B-VP
to TO B-PP
it PRP B-NP
. . O

So RB O
if IN B-SBAR
anything NN B-NP
happened VBD B-VP
to TO B-PP
me PRP B-NP
, , O
I PRP B-NP
'd MD B-VP
want VB I-VP
to TO I-VP
leave VB I-VP
behind IN B-ADVP
enough RB B-NP
so RB B-SBAR
that IN I-SBAR
my PRP$ B-NP
33-year-old JJ I-NP
husband NN I-NP
would MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
pay VB I-VP
off IN B-PRT
the DT B-NP
mortgage NN I-NP
and CC O
some DT B-NP
other JJ I-NP
debts NNS I-NP
-LRB- ( O
though IN O
not RB O
, , O
I PRP B-NP
admit VBP B-VP
, , O
enough RB B-NP
to TO B-VP
put VB I-VP
any DT B-NP
potential JJ I-NP
second JJ I-NP
wife NN I-NP
in IN B-PP
the DT B-NP
lap NN I-NP
of IN B-PP
luxury NN B-NP
-RRB- ) O
. . O

Figuring VBG B-VP
that IN B-SBAR
maybe RB B-ADVP
$ $ B-NP
100,000 CD I-NP
to TO I-NP
$ $ I-NP
150,000 CD I-NP
would MD B-VP
do VB I-VP
but CC O
having VBG B-VP
no DT B-NP
idea NN I-NP
of IN B-PP
what WP B-NP
kind NN I-NP
of IN B-PP
policy NN B-NP
I PRP B-NP
wanted VBD B-VP
, , O
I PRP B-NP
looked VBD B-VP
at IN B-PP
the DT B-NP
myriad JJ I-NP
products NNS I-NP
of IN B-PP
a DT B-NP
dozen NN I-NP
companies NNS I-NP
-- : O
and CC O
plunged VBD B-VP
into IN B-PP
a DT B-NP
jungle NN I-NP
of IN B-PP
gibberish NN B-NP
. . O

Over IN B-PP
the DT B-NP
past JJ I-NP
decade NN I-NP
or CC I-NP
two CD I-NP
, , O
while IN B-SBAR
I PRP B-NP
was VBD B-VP
thinking VBG I-VP
about IN B-PP
fox NN B-NP
hunting NN I-NP
, , O
the DT B-NP
insurance NN I-NP
industry NN I-NP
has VBZ B-VP
spawned VBN I-VP
an DT B-NP
incredible JJ I-NP
number NN I-NP
of IN B-PP
products NNS B-NP
, , O
variations NNS B-NP
on IN B-PP
products NNS B-NP
, , O
and CC O
variations NNS B-NP
on IN B-PP
the DT B-NP
variations NNS I-NP
. . O

Besides IN B-PP
term NN B-NP
life NN I-NP
and CC O
whole JJ B-NP
life NN I-NP
-LRB- ( O
the DT B-NP
old JJ I-NP
standbys NNS I-NP
-RRB- ) O
, , O
we PRP B-NP
now RB B-ADVP
have VBP B-VP
universal JJ B-NP
life NN I-NP
, , O
universal JJ B-NP
variable JJ I-NP
life NN I-NP
, , O
flexible JJ B-NP
adjustable JJ I-NP
universal JJ I-NP
life NN I-NP
, , O
policies NNS B-NP
with IN B-PP
persistency NN B-NP
bonuses NNS I-NP
, , O
policies NNS B-NP
festooned VBN B-VP
with IN B-PP
exotic JJ B-NP
riders NNS I-NP
, , O
living VBG B-NP
benefit NN I-NP
policies NNS I-NP
, , O
and CC O
on IN B-ADVP
and CC I-ADVP
on RB I-ADVP
. . O

What WP B-NP
to TO B-VP
do VB I-VP
? . O

First RB B-ADVP
, , O
generalize VB B-VP
. . O

Shorn VBN B-VP
of IN B-PP
all DT B-NP
their PRP$ I-NP
riders NNS I-NP
, , I-NP
special JJ I-NP
provisions NNS I-NP
, , I-NP
and CC I-NP
other JJ I-NP
bells NNS I-NP
and CC I-NP
whistles NNS I-NP
, , O
insurance NN B-NP
policies NNS I-NP
can MD B-VP
still RB I-VP
be VB I-VP
grouped VBN I-VP
under IN B-PP
two CD B-NP
broad JJ I-NP
categories NNS I-NP
: : O
so-called JJ B-NP
pure JJ I-NP
insurance NN I-NP
, , O
which WDT B-NP
amasses VBZ B-VP
no DT B-NP
cash NN I-NP
value NN I-NP
in IN B-PP
the DT B-NP
policy NN I-NP
and CC O
pays VBZ B-VP
off IN B-PRT
only RB B-ADVP
upon IN B-PP
death NN B-NP
, , O
and CC O
permanent JJ B-NP
insurance NN I-NP
, , O
which WDT B-NP
provides VBZ B-VP
not RB B-CONJP
only RB I-CONJP
a DT B-NP
death NN I-NP
benefit NN I-NP
but CC B-CONJP
also RB I-CONJP
a DT B-NP
cash NN I-NP
value NN I-NP
in IN B-PP
the DT B-NP
policy NN I-NP
that WDT B-NP
can MD B-VP
be VB I-VP
used VBN I-VP
in IN B-PP
various JJ B-NP
ways NNS I-NP
while IN B-SBAR
the DT B-NP
insured VBN I-NP
is VBZ B-VP
still RB B-ADVP
alive JJ B-ADJP
. . O

If IN B-SBAR
all DT B-NP
you PRP B-NP
want VBP B-VP
is VBZ B-VP
death-benefit JJ B-NP
coverage NN I-NP
, , O
pure JJ B-NP
insurance NN I-NP
-- : O
a DT B-NP
term NN I-NP
policy NN I-NP
-- : O
gives VBZ B-VP
you PRP B-NP
maximum JJ B-NP
bang NN I-NP
for IN B-PP
your PRP$ B-NP
buck NN I-NP
, , O
within IN B-PP
limits NNS B-NP
. . O

It PRP B-NP
's VBZ B-VP
much RB B-ADJP
cheaper JJR I-ADJP
than IN B-PP
permanent JJ B-NP
insurance NN I-NP
bought VBD B-VP
at IN B-PP
the DT B-NP
same JJ I-NP
age NN I-NP
. . O

But CC O
`` `` O
term NN B-NP
'' '' O
means VBZ B-VP
just RB B-NP
that IN I-NP
; : O
the DT B-NP
policy NN I-NP
is VBZ B-VP
written VBN I-VP
for IN B-PP
a DT B-NP
specific JJ I-NP
time NN I-NP
period NN I-NP
only RB I-NP
and CC O
must MD B-VP
be VB I-VP
renewed VBN I-VP
when WRB B-ADVP
it PRP B-NP
expires VBZ B-VP
. . O

It PRP B-NP
may MD B-VP
also RB I-VP
stipulate VB I-VP
that IN B-SBAR
the DT B-NP
insured VBN I-NP
must MD B-VP
pass VB I-VP
another DT B-NP
medical JJ I-NP
exam NN I-NP
before IN B-PP
renewal NN B-NP
; : O
if IN B-SBAR
you PRP B-NP
flunk VBP B-VP
-- : O
which WDT B-NP
means VBZ B-VP
you PRP B-NP
need VBP B-VP
insurance NN B-NP
more JJR B-ADVP
than IN B-PP
ever RB B-ADVP
-- : O
you PRP B-NP
may MD B-VP
not RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
buy VB I-VP
it PRP B-NP
. . O

Even RB B-SBAR
if IN I-SBAR
you PRP B-NP
're VBP B-VP
healthy JJ B-ADJP
and CC O
can MD B-VP
renew VB I-VP
, , O
your PRP$ B-NP
premium NN I-NP
will MD B-VP
go VB I-VP
up IN B-ADVP
sharply RB B-ADVP
because IN B-SBAR
you PRP B-NP
're VBP B-VP
that IN B-NP
much RB B-ADJP
older JJR B-ADJP
. . O

So RB O
term VBP B-NP
insurance NN I-NP
may MD B-VP
not RB I-VP
be VB I-VP
as RB B-ADJP
cheap JJ I-ADJP
as IN B-SBAR
it PRP B-NP
looks VBZ B-VP
. . O

There EX B-NP
are VBP B-VP
all DT B-NP
sorts NNS I-NP
of IN B-PP
variations NNS B-NP
on IN B-PP
term NN B-NP
insurance NN I-NP
: : O
policies NNS B-NP
structured VBN B-VP
to TO B-VP
pay VB I-VP
off IN B-PRT
your PRP$ B-NP
mortgage NN I-NP
debt NN I-NP
, , O
term NN B-NP
riders NNS I-NP
tacked VBD B-VP
on IN B-PRT
to TO B-PP
permanent JJ B-NP
insurance NN I-NP
, , O
and CC O
many JJ B-NP
others NNS I-NP
. . O

One CD B-NP
variation NN I-NP
that WDT B-NP
appealed VBD B-VP
to TO B-PP
me PRP B-NP
at IN B-PP
first JJ B-NP
was VBD B-VP
the DT B-NP
`` `` I-NP
Money NNP I-NP
Smart NNP I-NP
Term NNP I-NP
Life NNP I-NP
'' '' I-NP
policy NN I-NP
offered VBN B-VP
by IN B-PP
Amex NNP B-NP
Life NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
American NNP I-NP
Express NNP I-NP
unit NN I-NP
, , O
to TO B-PP
the DT B-NP
parent NN I-NP
company NN I-NP
's POS B-NP
credit-card NN I-NP
holders NNS I-NP
. . O

Upon IN B-PP
examination NN B-NP
, , O
however RB B-ADVP
, , O
I PRP B-NP
wondered VBD B-VP
whether IN B-SBAR
the DT B-NP
plan NN I-NP
made VBD B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
sense NN B-NP
. . O

Amex NNP B-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
charge VB I-VP
me PRP B-NP
$ $ B-NP
576 CD I-NP
a DT B-NP
year NN I-NP
for IN B-PP
$ $ B-NP
100,000 CD I-NP
of IN B-PP
coverage NN B-NP
-- : O
and CC O
would MD B-VP
pay VB I-VP
me PRP B-NP
back RB B-ADVP
all PDT B-NP
the DT I-NP
premiums NNS I-NP
I PRP B-NP
put VBP B-VP
in IN B-ADVP
if IN B-SBAR
I PRP B-NP
canceled VBD B-VP
the DT B-NP
policy NN I-NP
after IN B-PP
10 CD B-NP
years NNS I-NP
. . O

Sounds VBZ B-VP
great JJ B-ADJP
-- : O
or CC O
does VBZ O
it PRP B-NP
? . O

First RB B-ADVP
, , O
if IN B-SBAR
I PRP B-NP
canceled VBD B-VP
, , O
I PRP B-NP
'd MD B-VP
have VB I-VP
no DT B-NP
more JJR I-NP
insurance NN I-NP
, , O
a DT B-NP
not RB I-NP
insignificant JJ I-NP
consideration NN I-NP
. . O

Second JJ B-ADVP
, , O
the DT B-NP
$ $ I-NP
5,760 CD I-NP
I PRP B-NP
'd MD B-VP
get VB I-VP
back RB B-ADVP
would MD B-VP
be VB I-VP
much RB I-VP
diminished VBN I-VP
in IN B-PP
purchasing VBG B-NP
power NN I-NP
by IN B-PP
10 CD B-NP
years NNS I-NP
of IN B-PP
inflation NN B-NP
; : O
Amex NNP B-NP
, , I-NP
not RB I-NP
I PRP I-NP
, , O
would MD B-VP
get VB I-VP
the DT B-NP
benefit NN I-NP
of IN B-PP
the DT B-NP
investment NN I-NP
income NN I-NP
on IN B-PP
my PRP$ B-NP
money NN I-NP
, , O
income NN B-NP
that WDT B-NP
would MD B-VP
have VB I-VP
exceeded VBN I-VP
the DT B-NP
inflation NN I-NP
rate NN I-NP
and CC O
thus RB B-ADVP
given VBN B-VP
the DT B-NP
company NN I-NP
a DT B-NP
real JJ I-NP
profit NN I-NP
. . O

Third NNP B-ADVP
and CC O
most RBS B-ADJP
important JJ I-ADJP
, , O
Amex NNP B-NP
would MD B-VP
charge VB I-VP
me PRP B-NP
a DT B-NP
far RB I-NP
higher JJR I-NP
premium NN I-NP
than IN B-SBAR
other JJ B-NP
reputable JJ I-NP
companies NNS I-NP
would MD B-VP
on IN B-PP
a DT B-NP
straight JJ I-NP
term NN I-NP
policy NN I-NP
for IN B-PP
the DT B-NP
same JJ I-NP
amount NN I-NP
; : O
I PRP B-NP
'd MD B-VP
be VB I-VP
paying VBG I-VP
so RB B-ADVP
heavily RB I-ADVP
just RB B-ADVP
to TO B-VP
have VB I-VP
the DT B-NP
option NN I-NP
of IN B-PP
getting VBG B-VP
my PRP$ B-NP
premiums NNS I-NP
back RB B-ADVP
that IN B-SBAR
I PRP B-NP
'd MD B-VP
almost RB I-VP
have VB I-VP
to TO I-VP
cancel VB I-VP
to TO B-VP
make VB I-VP
the DT B-NP
whole JJ I-NP
thing NN I-NP
worthwhile JJ B-ADJP
. . O

That DT B-NP
would MD B-VP
be VB I-VP
all DT B-ADJP
right NN I-ADJP
with IN B-PP
Amex NNP B-NP
, , O
which WDT B-NP
could MD B-VP
then RB I-VP
lock VB I-VP
in IN B-ADVP
its PRP$ B-NP
investment NN I-NP
profit NN I-NP
, , O
but CC O
it PRP B-NP
does VBZ B-VP
n't RB I-VP
add VB I-VP
up IN B-PRT
to TO B-PP
a DT B-NP
`` `` I-NP
smart JJ I-NP
money NN I-NP
'' '' I-NP
move NN I-NP
for IN B-PP
me PRP B-NP
. . O

Which WDT B-NP
goes VBZ B-VP
to TO I-VP
show VB I-VP
that IN B-SBAR
the DT B-NP
First NNP I-NP
Law NNP I-NP
applies VBZ B-VP
in IN B-PP
insurance NN B-NP
as IN B-PP
in IN B-PP
anything NN B-NP
else RB B-ADJP
: : O
There EX B-NP
is VBZ B-VP
no DT B-NP
free JJ I-NP
lunch NN I-NP
, , O
there EX B-NP
is VBZ B-VP
only JJ B-NP
marketing NN I-NP
. . O

And CC O
the DT B-NP
Second NNP I-NP
Law NNP I-NP
, , O
unique JJ B-ADJP
to TO B-PP
insurance NN B-NP
? . O

If IN B-SBAR
I PRP B-NP
die VBP B-VP
early JJ B-ADVP
, , O
I PRP B-NP
win VBP B-VP
-- : O
a DT B-NP
hollow JJ I-NP
victory NN I-NP
, , O
since IN B-SBAR
I PRP B-NP
ca MD B-VP
n't RB I-VP
enjoy VB I-VP
it PRP B-NP
-- : O
and CC O
if IN B-SBAR
I PRP B-NP
live VBP B-VP
long JJ B-ADVP
, , O
the DT B-NP
insurer NN I-NP
wins NNS B-VP
. . O

Always RB B-ADVP
. . O

This DT B-NP
is VBZ B-VP
worth JJ B-ADJP
remembering NN B-NP
when WRB B-ADVP
insurers NNS B-NP
and CC O
their PRP$ B-NP
salesmen NNS I-NP
try VBP B-VP
to TO I-VP
sell VB I-VP
you PRP B-NP
permanent JJ B-NP
insurance NN I-NP
, , O
the DT B-NP
kind NN I-NP
that WDT B-NP
amasses VBZ B-VP
cash NN B-NP
value NN I-NP
. . O

The DT B-NP
word NN I-NP
`` `` I-NP
death NN I-NP
'' '' O
can MD B-VP
not RB I-VP
be VB I-VP
escaped VBN I-VP
entirely RB B-ADVP
by IN B-PP
the DT B-NP
industry NN I-NP
, , O
but CC O
salesmen NNS B-NP
dodge VBP B-VP
it PRP B-NP
wherever WRB B-ADVP
possible JJ B-ADJP
or CC O
cloak NN B-VP
it PRP B-NP
in IN B-PP
euphemisms NNS B-NP
, , O
preferring VBG B-VP
to TO I-VP
talk VB I-VP
about IN B-PP
`` `` B-NP
savings NNS I-NP
'' '' I-NP
and CC I-NP
`` `` I-NP
investment NN I-NP
'' '' O
instead RB B-ADVP
. . O

The DT B-NP
implication NN I-NP
is VBZ B-VP
that IN O
your PRP$ B-NP
permanent-insurance JJ I-NP
policy NN I-NP
is VBZ B-VP
really RB B-ADVP
some DT B-NP
kind NN I-NP
of IN B-PP
CD NNP B-NP
or CC O
mutual-fund JJ B-NP
account NN I-NP
with IN B-PP
an DT B-NP
added VBN I-NP
feature NN I-NP
. . O

That DT B-NP
is VBZ B-VP
gilding NN B-VP
the DT B-NP
lily NN I-NP
. . O

The DT B-NP
fact NN I-NP
is VBZ B-VP
that IN B-SBAR
as IN B-PP
a DT B-NP
savings NNS I-NP
or CC I-NP
investment NN I-NP
vehicle NN I-NP
, , O
insurance NN B-NP
generally RB B-ADVP
runs VBZ B-VP
a DT B-NP
poor JJ I-NP
second JJ I-NP
to TO B-PP
any DT B-NP
direct JJ I-NP
investment NN I-NP
you PRP B-NP
might MD B-VP
make VB I-VP
in IN B-PP
the DT B-NP
same JJ I-NP
things NNS I-NP
the DT B-NP
insurance NN I-NP
company NN I-NP
is VBZ B-VP
putting VBG I-VP
your PRP$ B-NP
money NN I-NP
into IN B-PP
. . O

That DT B-NP
's VBZ B-VP
because IN B-SBAR
you PRP B-NP
have VBP B-VP
to TO I-VP
pay VB I-VP
for IN B-PP
the DT B-NP
insurance NN I-NP
portion NN I-NP
of IN B-PP
the DT B-NP
policy NN I-NP
and CC O
the DT B-NP
effort NN I-NP
required VBN B-VP
to TO B-VP
sell VB I-VP
and CC I-VP
service VB I-VP
the DT B-NP
whole JJ I-NP
package NN I-NP
. . O

Again RB B-ADVP
, , O
no DT B-NP
free JJ I-NP
lunch NN I-NP
. . O

This DT B-NP
is VBZ B-VP
reflected VBN I-VP
in IN B-PP
a DT B-NP
built-in JJ I-NP
mortality NN I-NP
cost NN I-NP
-- : O
in IN B-PP
effect NN B-NP
, , O
your PRP$ B-NP
share NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
estimated VBN I-NP
liability NN I-NP
in IN B-PP
paying VBG B-VP
off IN B-PRT
beneficiaries NNS B-NP
of IN B-PP
people NNS B-NP
who WP B-NP
had VBD B-VP
the DT B-NP
effrontery NN I-NP
to TO B-VP
die VB I-VP
while IN B-SBAR
under IN B-PP
its PRP$ B-NP
protection NN I-NP
. . O

And CC O
in IN B-PP
most RBS B-NP
cases NNS I-NP
, , O
a DT B-NP
huge JJ I-NP
hunk NN I-NP
of IN B-PP
your PRP$ B-NP
premium NN I-NP
in IN B-PP
the DT B-NP
initial JJ I-NP
year NN I-NP
or CC I-NP
two CD I-NP
of IN B-PP
the DT B-NP
the DT I-NP
policy NN I-NP
is VBZ B-VP
, , O
in IN B-PP
effect NN B-NP
, , O
paying VBG B-VP
the DT B-NP
salesman NN I-NP
's POS B-NP
commission NN I-NP
as IN B-ADVP
well RB I-ADVP
; : O
investment NN B-NP
returns NNS I-NP
on IN B-PP
most RBS B-NP
policies NNS I-NP
are VBP B-VP
actually RB B-ADVP
negative JJ B-ADVP
for IN B-PP
several JJ B-NP
years NNS I-NP
, , O
largely RB B-ADVP
because IN B-PP
of IN I-PP
this DT B-NP
. . O

So RB O
view VBP B-VP
permanent JJ B-NP
insurance NN I-NP
for IN B-PP
what WP B-NP
it PRP B-NP
is VBZ B-VP
-- : O
a DT B-NP
compromise NN I-NP
between IN B-PP
pure JJ B-NP
insurance NN I-NP
and CC O
direct JJ B-NP
investment NN I-NP
. . O

The DT B-NP
simplest JJS I-NP
, , I-NP
most RBS I-NP
traditional JJ I-NP
form NN I-NP
of IN B-PP
permanent JJ B-NP
insurance NN I-NP
is VBZ B-VP
the DT B-NP
straight JJ I-NP
whole JJ I-NP
life NN I-NP
policy NN I-NP
. . O

You PRP B-NP
pay VBP B-VP
a DT B-NP
set VBN I-NP
premium NN I-NP
for IN B-PP
a DT B-NP
set VBN I-NP
amount NN I-NP
of IN B-PP
coverage NN B-NP
, , O
the DT B-NP
company NN I-NP
invests VBZ B-VP
that DT B-NP
premium NN I-NP
in IN B-PP
a DT B-NP
portfolio NN I-NP
of IN B-PP
its PRP$ B-NP
choosing NN I-NP
, , O
and CC O
your PRP$ B-NP
cash NN I-NP
value NN I-NP
and CC I-NP
dividends NNS I-NP
grow VBP B-VP
over IN B-PP
the DT B-NP
years NNS I-NP
. . O

One CD B-NP
newer JJR I-NP
wrinkle NN I-NP
, , O
so RB B-NP
called VBN I-NP
single-premium JJ I-NP
life NN I-NP
-LRB- ( O
you PRP B-NP
pay VBP B-VP
for IN B-PP
the DT B-NP
whole JJ I-NP
policy NN I-NP
at IN B-PP
once RB B-NP
-RRB- ) O
, , O
has VBZ B-VP
been VBN I-VP
immensely RB B-ADJP
popular JJ I-ADJP
in IN B-PP
recent JJ B-NP
years NNS I-NP
for IN B-PP
tax NN B-NP
reasons NNS I-NP
; : O
the DT B-NP
insured VBN I-NP
could MD B-VP
extract VB I-VP
cash NN B-NP
value NN I-NP
in IN B-PP
the DT B-NP
form NN I-NP
of IN B-PP
policy NN B-NP
`` `` I-NP
loans NNS I-NP
, , O
'' '' O
and CC O
none NN B-NP
of IN B-PP
the DT B-NP
proceeds NNS I-NP
were VBD B-VP
taxable JJ B-ADJP
even RB B-SBAR
though IN I-SBAR
they PRP B-NP
included VBD B-VP
gains NNS B-NP
on IN B-PP
investment NN B-NP
. . O

Congress NNP B-NP
closed VBD B-VP
this DT B-NP
loophole NN I-NP
last JJ B-NP
year NN I-NP
, , O
or CC O
thought VBD B-VP
it PRP B-NP
did VBD B-VP
. . O

However RB B-ADVP
, , O
Monarch NNP B-NP
Capital NNP I-NP
Corp. NNP I-NP
of IN B-PP
Springfield NNP B-NP
, , O
Mass. NNP B-NP
, , O
has VBZ B-VP
developed VBN I-VP
a DT B-NP
`` `` I-NP
combination NN I-NP
plan NN I-NP
'' '' O
of IN B-PP
annuity NN B-NP
and CC I-NP
insurance NN I-NP
coverage NN I-NP
that IN B-NP
it PRP B-NP
says VBZ B-VP
does VBZ B-VP
not RB I-VP
violate VB I-VP
the DT B-NP
new JJ I-NP
regulations NNS I-NP
and CC O
that DT O
allows VBZ B-VP
policy NN B-NP
loans NNS I-NP
without IN B-PP
tax NN B-NP
consequences NNS I-NP
. . O

But CC O
the DT B-NP
percentage NN I-NP
of IN B-PP
your PRP$ B-NP
cash NN I-NP
reserve NN I-NP
that IN B-NP
you PRP B-NP
can MD B-VP
borrow VB I-VP
tax-free JJ B-ADVP
is VBZ B-VP
very RB B-ADJP
small JJ I-ADJP
. . O

I PRP B-NP
'm VBP B-VP
not RB I-VP
prepared VBN I-VP
in IN B-PP
any DT B-NP
case NN I-NP
to TO B-VP
put VB I-VP
that IN B-NP
much JJ I-NP
money NN I-NP
into IN B-PP
a DT B-NP
policy NN I-NP
immediately RB B-ADVP
, , O
so IN O
I PRP B-NP
look VBP B-VP
into IN B-PP
the DT B-NP
broad JJ I-NP
category NN I-NP
called VBD B-VP
universal JJ B-NP
life NN I-NP
. . O

Hugely RB B-ADJP
popular JJ I-ADJP
, , O
it PRP B-NP
is VBZ B-VP
far RB B-ADJP
more RBR I-ADJP
flexible JJ I-ADJP
than IN B-PP
straight JJ B-NP
whole JJ I-NP
life NN I-NP
. . O

I PRP B-NP
can MD B-VP
adjust VB I-VP
the DT B-NP
amount NN I-NP
of IN B-PP
insurance NN B-NP
I PRP B-NP
want VBP B-VP
against IN B-PP
the DT B-NP
amount NN I-NP
going VBG B-VP
into IN B-PP
investment NN B-NP
; : O
I PRP B-NP
can MD B-VP
pay VB I-VP
more JJR B-NP
or CC I-NP
less JJR I-NP
than IN B-PP
the DT B-NP
so-called JJ I-NP
target NN I-NP
premium NN I-NP
in IN B-PP
a DT B-NP
given VBN I-NP
year NN I-NP
; : O
and CC O
I PRP B-NP
can MD B-VP
even RB I-VP
skip VB I-VP
payments NNS B-NP
if IN B-SBAR
my PRP$ B-NP
cash NN I-NP
reserves NNS I-NP
are VBP B-VP
enough RB B-ADJP
to TO B-VP
cover VB I-VP
the DT B-NP
insurance NN I-NP
portion NN I-NP
of IN B-PP
the DT B-NP
policy NN I-NP
. . O

In IN B-PP
looking VBG B-VP
at IN B-PP
these DT B-NP
and CC I-NP
other JJ I-NP
policies NNS I-NP
, , O
I PRP B-NP
learn VBP B-VP
to TO I-VP
ask VB I-VP
pointed VBD B-NP
questions NNS I-NP
about IN B-PP
some DT B-NP
of IN B-PP
the DT B-NP
assumptions NNS I-NP
built VBN B-VP
into IN B-PP
`` `` O
policy NN B-NP
illustrations NNS I-NP
'' '' O
-- : O
the DT B-NP
rows NNS I-NP
of IN B-PP
numbers VBZ B-NP
that DT B-NP
show NN B-VP
me PRP B-NP
the DT B-NP
buildup NN I-NP
of IN B-PP
my PRP$ B-NP
cash NN I-NP
values NNS I-NP
over IN B-PP
the DT B-NP
years NNS I-NP
. . O

They PRP B-NP
commonly RB B-ADVP
give VBP B-VP
two CD B-NP
scenarios NNS I-NP
: : O
One CD B-NP
is VBZ B-VP
based VBN I-VP
on IN B-PP
interest NN B-NP
rates NNS I-NP
that IN B-NP
the DT B-NP
company NN I-NP
guarantees NNS B-VP
-LRB- ( O
usually RB B-ADVP
4 CD B-NP
% NN I-NP
to TO I-NP
4.5 CD I-NP
% NN I-NP
-RRB- ) O
and CC O
the DT B-NP
other NN I-NP
on IN B-PP
the DT B-NP
rate NN I-NP
it PRP B-NP
is VBZ B-VP
currently RB I-VP
getting VBG I-VP
on IN B-PP
investment NN B-NP
, , O
often RB B-ADVP
8.5 CD B-NP
% NN I-NP
or CC I-NP
more JJR I-NP
. . O

Projecting VBG B-VP
the DT B-NP
latter NN I-NP
over IN B-PP
several JJ B-NP
decades NNS I-NP
, , O
I PRP B-NP
find VBP B-VP
my PRP$ B-NP
cash NN I-NP
buildup NN I-NP
is VBZ B-VP
impressive JJ B-ADJP
-- : O
but CC O
can MD O
any DT B-NP
high JJ I-NP
interest NN I-NP
rate NN I-NP
prevail VB B-VP
for IN B-PP
that DT B-NP
long JJ I-NP
? . O

Not RB B-ADJP
likely JJ I-ADJP
, , O
I PRP B-NP
think VBP B-VP
. . O

Also RB B-ADVP
, , O
some DT B-NP
policy NN I-NP
illustrations NNS I-NP
assume VBP B-VP
that IN B-SBAR
mortality NN B-NP
costs NNS I-NP
will MD B-VP
decline VB I-VP
or CC O
that IN B-SBAR
I PRP B-NP
will MD B-VP
get VB I-VP
some DT B-NP
sort NN I-NP
of IN B-PP
dividend NN B-NP
bonus NN I-NP
after IN B-PP
the DT B-NP
10th JJ I-NP
year NN I-NP
. . O

These DT B-NP
are VBP B-VP
not RB O
certain JJ B-ADJP
, , O
either RB B-ADVP
. . O

Companies NNS B-NP
`` `` O
are VBP B-VP
n't RB O
comfortable JJ B-ADJP
playing VBG B-VP
these DT B-NP
games NNS I-NP
, , O
but CC O
they PRP B-NP
realize VBP B-VP
they PRP B-NP
're VBP B-VP
under IN B-PP
pressure NN B-NP
to TO B-VP
make VB I-VP
their PRP$ B-NP
policies NNS I-NP
look VBP B-VP
good JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
Timothy NNP B-NP
Pfiefer NNP I-NP
, , O
an DT B-NP
actuarial JJ I-NP
consultant NN I-NP
at IN B-PP
Tillinghast NNP B-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Towers NNP B-NP
Perrin NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
big JJ I-NP
New NNP I-NP
York NNP I-NP
consulting NN I-NP
firm NN I-NP
. . O

Another DT B-NP
factor NN I-NP
to TO B-VP
consider VB I-VP
: : O
Some DT B-NP
of IN B-PP
the DT B-NP
companies NNS I-NP
currently RB B-VP
earning VBG I-VP
very RB B-NP
high JJ I-NP
yields NNS I-NP
are VBP B-VP
doing VBG I-VP
so RB B-ADVP
through IN B-PP
substantial JJ B-NP
investment NN I-NP
in IN B-PP
junk NN B-NP
bonds NNS I-NP
, , O
and CC O
you PRP B-NP
know VBP B-VP
how WRB B-ADJP
nervous JJ I-ADJP
the DT B-NP
market NN I-NP
has VBZ B-VP
been VBN I-VP
about IN B-PP
those DT B-NP
lately RB B-ADVP
. . O

There EX B-NP
are VBP B-VP
seemingly RB B-NP
endless JJ I-NP
twists NNS I-NP
to TO B-PP
universal JJ B-NP
life NN I-NP
, , O
and CC O
it PRP B-NP
pays VBZ B-VP
to TO I-VP
ask VB I-VP
questions NNS B-NP
about IN B-PP
all DT B-NP
of IN B-PP
them PRP B-NP
. . O

At IN B-PP
a DT B-NP
back-yard JJ I-NP
barbecue NN I-NP
, , O
for IN B-PP
example NN B-NP
, , O
a DT B-NP
friend NN I-NP
boasts VBZ B-VP
that IN B-SBAR
she PRP B-NP
'll MD B-VP
only RB I-VP
have VB I-VP
to TO I-VP
pay VB I-VP
premiums NNS B-NP
on IN B-PP
her PRP$ B-NP
John NNP I-NP
Hancock NNP I-NP
policy NN I-NP
for IN B-PP
seven CD B-NP
years NNS I-NP
and CC O
that IN B-SBAR
her PRP$ B-NP
death NN I-NP
benefits NNS I-NP
will MD B-VP
then RB I-VP
be VB I-VP
`` `` O
guaranteed VBN B-VP
. . O
'' '' O

I PRP B-NP
call VBP B-VP
her PRP$ B-NP
agent NN I-NP
, , O
David NNP B-NP
Dominici NNP I-NP
. . O

Yes UH B-ADVP
, , O
he PRP B-NP
says VBZ B-VP
, , O
premiums NNS B-NP
on IN B-PP
such JJ B-NP
variable-rate JJ I-NP
coverage NN I-NP
can MD B-VP
be VB I-VP
structured VBN I-VP
to TO B-VP
`` `` I-VP
vanish VBP I-VP
'' '' O
after IN B-PP
a DT B-NP
certain JJ I-NP
period NN I-NP
-- : O
but CC O
usually RB B-ADVP
only RB B-ADVP
if IN B-SBAR
interest NN B-NP
rates NNS I-NP
stay VBP B-VP
high JJ B-ADJP
enough RB I-ADJP
to TO B-VP
generate VB I-VP
sufficient JJ B-NP
cash NN I-NP
to TO B-VP
cover VB I-VP
the DT B-NP
annual JJ I-NP
cost NN I-NP
of IN B-PP
insurance NN B-NP
protection NN I-NP
. . O

If IN B-SBAR
interest NN B-NP
rates NNS I-NP
plunge VBP B-VP
, , O
the DT B-NP
insurer NN I-NP
may MD B-VP
be VB I-VP
knocking VBG I-VP
on IN B-PP
my PRP$ B-NP
door NN I-NP
, , O
asking VBG B-VP
for IN B-PP
steeper JJR B-NP
premium NN I-NP
payments NNS I-NP
to TO B-VP
maintain VB I-VP
the DT B-NP
same JJ I-NP
amount NN I-NP
of IN B-PP
protection NN B-NP
. . O

I PRP B-NP
do VBP B-VP
n't RB I-VP
like IN I-VP
the DT B-NP
sound NN I-NP
of IN B-PP
that DT B-NP
. . O

Some DT B-NP
insurers NNS I-NP
have VBP B-VP
also RB I-VP
started VBN I-VP
offering NN I-VP
`` `` O
persistency NN B-NP
bonuses NNS I-NP
, , O
'' '' O
such JJ B-PP
as IN I-PP
extra JJ B-NP
dividends NNS I-NP
or CC O
a DT B-NP
marginally RB I-NP
higher JJR I-NP
interest NN I-NP
yield NN I-NP
, , O
if IN B-SBAR
the DT B-NP
policy NN I-NP
is VBZ B-VP
maintained VBN I-VP
for IN B-PP
10 CD B-NP
years NNS I-NP
. . O

But CC O
Glenn NNP B-NP
Daily NNP I-NP
, , O
a DT B-NP
New NNP I-NP
York-based JJ I-NP
financial JJ I-NP
consultant NN I-NP
, , O
warns VBZ B-VP
that IN B-SBAR
many NN B-NP
of IN B-PP
these DT B-NP
bonuses NNS I-NP
are VBP B-VP
`` `` O
just RB B-NP
fantasies NNS I-NP
, , O
'' '' O
because IN B-SBAR
most RBS B-NP
are VBP B-VP
n't RB I-VP
guaranteed VBN I-VP
by IN B-PP
the DT B-NP
companies NNS I-NP
. . O

And CC O
the DT B-NP
feature NN I-NP
is VBZ B-VP
so RB B-ADJP
new JJ I-ADJP
, , O
he PRP B-NP
adds VBZ B-VP
, , O
that IN B-SBAR
no DT B-NP
insurer NN I-NP
has VBZ B-VP
yet RB I-VP
established VBN I-VP
a DT B-NP
track NN I-NP
record NN I-NP
for IN B-PP
actually RB B-ADVP
making VBG B-VP
such JJ B-NP
payments NNS I-NP
. . O

So-called JJ B-NP
living-benefits JJ I-NP
provisions NNS I-NP
also RB B-ADVP
merit VBP B-VP
a DT B-NP
close NN I-NP
inspection NN I-NP
. . O

Offered NNP B-VP
by IN B-PP
insurers NNS B-NP
that WDT B-NP
include VBP B-VP
Security-Connecticut NNP B-NP
Life NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
Jackson NNP B-NP
National NNP I-NP
Life NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
and CC O
National NNP B-NP
Travelers NNP I-NP
Life NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
these DT B-NP
policy NN I-NP
riders NNS I-NP
let VBP B-VP
me PRP B-NP
tap VBP B-VP
a DT B-NP
portion NN I-NP
of IN B-PP
my PRP$ B-NP
death NN I-NP
benefits NNS I-NP
while IN B-SBAR
I PRP B-NP
'm VBP B-VP
still RB B-ADVP
alive JJ B-ADJP
. . O

Some DT B-NP
provisions NNS I-NP
would MD B-VP
let VB I-VP
me PRP B-NP
collect VB B-VP
a DT B-NP
percentage NN I-NP
of IN B-PP
the DT B-NP
policy NN I-NP
's POS B-NP
face NN I-NP
value NN I-NP
to TO B-VP
pay VB I-VP
for IN B-PP
long-term JJ B-NP
care NN I-NP
such JJ B-PP
as IN I-PP
nursing-home NN B-NP
stays VBZ I-NP
; : O
others NNS B-NP
would MD B-VP
allow VB I-VP
payments NNS B-NP
for IN B-PP
catastrophic JJ B-NP
illnesses NNS I-NP
and CC I-NP
conditions NNS I-NP
such JJ B-PP
as IN I-PP
cancer NN B-NP
, , O
heart NN B-NP
attarcks NNS I-NP
, , O
renal JJ B-NP
failure NN I-NP
and CC O
kidney NN B-NP
transplants NNS I-NP
. . O

But CC O
the DT B-NP
catastrophic JJ I-NP
events NNS I-NP
for IN B-PP
which WDT B-NP
the DT B-NP
policyholder NN I-NP
can MD B-VP
collect VB I-VP
are VBP B-VP
narrowly RB I-VP
defined VBN I-VP
, , O
vary VBP B-VP
from IN B-PP
policy NN B-NP
to TO B-PP
policy NN B-NP
, , O
and CC O
generally RB B-VP
permit VB I-VP
use NN B-NP
of IN B-PP
only RB B-NP
a DT I-NP
small JJ I-NP
fraction NN I-NP
of IN B-PP
the DT B-NP
face NN I-NP
amount NN I-NP
of IN B-PP
insurance NN B-NP
. . O

Also RB B-ADVP
, , O
financial JJ B-NP
planners NNS I-NP
advising VBG B-VP
on IN B-PP
insurance NN B-NP
say VBP B-VP
that IN B-SBAR
to TO B-PP
their PRP$ B-NP
knowledge NN I-NP
there EX B-NP
has VBZ B-VP
not RB I-VP
yet RB I-VP
been VBN I-VP
a DT B-NP
tax NN I-NP
ruling NN I-NP
exempting VBG B-VP
these DT B-NP
advance NN I-NP
payments NNS I-NP
from IN B-PP
taxes NNS B-NP
. . O

And CC O
considering VBG B-PP
the DT B-NP
extra JJ I-NP
cost NN I-NP
of IN B-PP
such JJ B-NP
provisions NNS I-NP
, , O
some DT B-NP
figure NN B-VP
that IN B-SBAR
people NNS B-NP
interested JJ B-ADJP
in IN B-PP
, , O
say VBP B-INTJ
, , O
paying VBG B-VP
for IN B-PP
extended VBN B-NP
nursing-home NN I-NP
care NN I-NP
would MD B-VP
be VB I-VP
better JJR B-ADJP
off IN I-ADJP
just RB B-ADVP
buying VBG B-VP
a DT B-NP
separate JJ I-NP
policy NN I-NP
that WDT B-NP
provides VBZ B-VP
it PRP B-NP
. . O

I PRP B-NP
'm VBP B-VP
more RBR I-VP
favorably RB I-VP
impressed VBN I-VP
by IN B-PP
`` `` O
no-load JJ B-NP
life NN I-NP
, , O
'' '' O
even RB B-SBAR
though IN I-SBAR
it PRP B-NP
turns VBZ B-VP
out IN B-PRT
to TO B-VP
be VB I-VP
low-load JJ B-NP
life NN I-NP
. . O

Insureres NNS B-NP
selling VBG B-VP
these DT B-NP
policies NNS I-NP
market NN B-VP
them PRP B-NP
directly RB B-ADVP
to TO B-PP
the DT B-NP
public JJ I-NP
or CC O
otherwise RB B-VP
do VBP I-VP
n't RB I-VP
use VB I-VP
commissioned VBN B-NP
salesmen NNS I-NP
; : O
there EX B-NP
is VBZ B-VP
still RB B-ADVP
a DT B-NP
load NN I-NP
-- : O
annual JJ B-NP
administrative JJ I-NP
fees NNS I-NP
and CC O
initial JJ B-NP
`` `` I-NP
setup NN I-NP
'' '' I-NP
charges NNS I-NP
-- : O
but CC O
I PRP B-NP
figure VBP B-VP
that IN B-SBAR
the DT B-NP
lack NN I-NP
of IN B-PP
commission NN B-NP
and CC B-PP
of IN B-PP
`` `` O
surrender NN B-NP
fees NNS I-NP
'' '' O
for IN B-PP
dropping VBG B-VP
the DT B-NP
policy NN I-NP
early JJ B-ADVP
still RB B-ADVP
saves VBZ B-VP
me PRP B-NP
a DT B-NP
lot NN I-NP
. . O

I PRP B-NP
compared VBD B-VP
one CD B-NP
universal JJ I-NP
policy NN I-NP
for IN B-PP
$ $ B-NP
130,000 CD I-NP
face NN I-NP
amount NN I-NP
from IN B-PP
such JJ B-NP
an DT I-NP
insurer NN I-NP
, , O
American NNP B-NP
Life NNP I-NP
Insurance NNP I-NP
Corp. NNP I-NP
of IN B-PP
Lincoln NNP B-NP
, , O
Neb. NNP B-NP
, , O
with IN B-PP
a DT B-NP
similar JJ I-NP
offering NN I-NP
from IN B-PP
Equitable NNP B-NP
Life NNP I-NP
Assurance NNP I-NP
Society NNP I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
which WDT B-NP
operates VBZ B-VP
through IN B-PP
11,000 CD B-NP
commissioned VBN I-NP
salesmen NNS I-NP
. . O

After IN B-PP
one CD B-NP
year NN I-NP
I PRP B-NP
could MD B-VP
walk VB I-VP
away RB B-ADVP
from IN B-PP
the DT B-NP
Ameritas NNP I-NP
policy NN I-NP
with IN B-PP
$ $ B-NP
792 CD I-NP
, , O
but CC O
Id NN B-NP
get VB B-VP
only RB B-NP
$ $ I-NP
14 CD I-NP
from IN B-PP
the DT B-NP
Equitable NNP I-NP
. . O

The DT B-NP
difference NN I-NP
is VBZ B-VP
magnified VBN I-VP
by IN B-PP
time NN B-NP
, , O
too RB B-ADVP
. . O

At IN B-PP
age NN B-NP
65 CD I-NP
, , O
when WRB B-ADVP
I PRP B-NP
'd MD B-VP
stop VB I-VP
paying VBG I-VP
premiums NNS B-NP
, , O
the DT B-NP
Ameritas NNP I-NP
offering NN I-NP
would MD B-VP
have VB I-VP
a DT B-NP
projected VBN I-NP
cash NN I-NP
value NN I-NP
$ $ B-NP
14,000 CD I-NP
higher JJR B-ADJP
than IN B-PP
the DT B-NP
other NN I-NP
, , O
even RB B-SBAR
though IN I-SBAR
the DT B-NP
Equitable NNP I-NP
's POS B-NP
policy NN I-NP
illustration NN I-NP
assumed VBD B-VP
a DT B-NP
fractionally RB I-NP
higher JJR I-NP
interest NN I-NP
rate NN I-NP
. . O

Did VBD O
I PRP B-NP
buy VBP B-VP
it PRP B-NP
? . O

Well UH B-INTJ
, , O
not RB B-ADVP
yet RB I-ADVP
. . O

I PRP B-NP
'm VBP B-VP
thinking VBG I-VP
about IN B-PP
using VBG B-VP
the DT B-NP
$ $ I-NP
871 CD I-NP
annual JJ I-NP
premium NN I-NP
to TO B-VP
finance VB I-VP
a DT B-NP
trip NN I-NP
to TO B-PP
Paris NNP B-NP
first JJ B-ADVP
. . O

A DT B-NP
person NN I-NP
can MD B-VP
do VB I-VP
some DT B-NP
heavy JJ I-NP
thinking NN I-NP
about IN B-PP
insurance NN B-NP
there EX B-ADVP
-- : O
and CC O
shop NN B-VP
for IN B-PP
something NN B-NP
more RBR B-ADJP
exciting JJ I-ADJP
while IN B-SBAR
she PRP B-NP
's VBZ B-VP
doing VBG I-VP
it PRP B-NP
. . O

Rorer NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
will MD B-VP
report VB I-VP
that IN B-SBAR
third-quarter JJ B-NP
profit NN I-NP
rose VBD B-VP
more JJR B-NP
than IN I-NP
15 CD I-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
though IN B-SBAR
the DT B-NP
gain NN I-NP
is VBZ B-VP
wholly RB B-ADJP
due JJ I-ADJP
to TO B-PP
asset NN B-NP
sales NNS I-NP
, , O
Robert NNP B-NP
Cawthorn NNP I-NP
, , O
chairman NN B-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
, , O
said VBD B-VP
. . O

His PRP$ B-NP
projection NN I-NP
indicates VBZ B-VP
profit NN B-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
of IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
17.4 CD I-NP
million CD I-NP
, , O
or CC O
55 NN B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
15.2 CD I-NP
million CD I-NP
, , O
or CC O
48 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Mr. NNP B-NP
Cawthorn NNP I-NP
said VBD B-VP
in IN B-PP
an DT B-NP
interview NN I-NP
that IN B-SBAR
sales NNS B-NP
will MD B-VP
show VB I-VP
an DT B-NP
increase NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
of IN B-PP
`` `` O
somewhat RB B-NP
less JJR I-NP
than IN I-NP
10 CD I-NP
% NN I-NP
. . O
'' '' O

Through IN B-PP
the DT B-NP
first JJ I-NP
six CD I-NP
months NNS I-NP
of IN B-PP
1989 CD B-NP
, , O
sales NNS B-NP
had VBD B-VP
grown VBN I-VP
about IN B-NP
12 CD I-NP
% NN I-NP
from IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Growth NN B-NP
of IN B-PP
10 CD B-NP
% NN I-NP
would MD B-VP
make VB I-VP
sales NNS B-NP
for IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
$ $ B-NP
269 CD I-NP
million CD I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
244.6 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Mr. NNP B-NP
Cawthorn NNP I-NP
said VBD B-VP
the DT B-NP
profit NN I-NP
growth NN I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
was VBD B-VP
due JJ B-ADJP
to TO B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
two CD B-NP
Rorer NNP I-NP
drugs NNS I-NP
. . O

Asilone NNP B-NP
, , O
an DT B-NP
antacid NN I-NP
, , O
was VBD B-VP
sold VBN I-VP
to TO B-PP
Boots NNP B-NP
PLC NNP I-NP
, , O
London NNP B-NP
. . O

Thrombinar NNP B-NP
, , O
a DT B-NP
drug NN I-NP
used VBN B-VP
to TO B-VP
stanch VB I-VP
bleeding VBG B-NP
, , O
was VBD B-VP
sold VBN I-VP
to TO B-PP
Jones NNP B-NP
Medical NNP I-NP
Industries NNP I-NP
Inc. NNP I-NP
, , O
St. NNP B-NP
Louis NNP I-NP
. . O

He PRP B-NP
said VBD B-VP
Rorer NNP B-NP
sold VBD B-VP
the DT B-NP
drugs NNS I-NP
for IN B-PP
`` `` O
nice JJ B-NP
prices NNS I-NP
'' '' O
and CC O
will MD B-VP
record VB I-VP
a DT B-NP
combined VBN I-NP
, , I-NP
pretax JJ I-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sales NNS I-NP
of IN B-PP
$ $ B-NP
20 CD I-NP
million CD I-NP
. . O

As IN B-SBAR
the DT B-NP
gain NN I-NP
from IN B-PP
the DT B-NP
sales NNS I-NP
indicates VBZ B-VP
, , O
operating VBG B-NP
profit NN I-NP
was VBD B-VP
`` `` O
significantly RB B-ADVP
'' '' B-PP
below IN I-PP
the DT B-NP
year-earlier JJ I-NP
level NN I-NP
, , O
Mr. NNP B-NP
Cawthorn NNP I-NP
said VBD B-VP
. . O

Rorer NNP B-NP
in IN B-PP
July NNP B-NP
had VBD B-VP
projected VBN I-VP
lower JJR B-NP
third-quarter JJ I-NP
operating NN I-NP
profit NN I-NP
but CC O
higher JJR B-NP
profit NN I-NP
for IN B-PP
all DT B-NP
of IN B-PP
1989 CD B-NP
. . O

He PRP B-NP
said VBD B-VP
the DT B-NP
company NN I-NP
is VBZ B-VP
still RB I-VP
looking VBG I-VP
for IN B-PP
`` `` O
a DT B-NP
strong JJ I-NP
fourth JJ I-NP
quarter NN I-NP
in IN B-PP
all DT B-NP
areas NNS I-NP
-- : O
sales NNS B-NP
, , O
operating VBG B-NP
income NN I-NP
and CC O
net JJ B-NP
income NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Cawthorn NNP I-NP
attributed VBD B-VP
the DT B-NP
decline NN I-NP
in IN B-PP
third-quarter JJ B-NP
operating NN I-NP
profit NN I-NP
to TO B-PP
the DT B-NP
stronger JJR I-NP
dollar NN I-NP
, , O
which WDT B-NP
reduces VBZ B-VP
the DT B-NP
value NN I-NP
of IN B-PP
overseas JJ B-NP
profit NN I-NP
when WRB B-ADVP
it PRP B-NP
is VBZ B-VP
translated VBN I-VP
into IN B-PP
dollars NNS B-NP
; : O
to TO B-PP
accelerated VBN B-NP
buying VBG I-NP
of IN B-PP
Rorer NNP B-NP
products NNS I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
because IN B-PP
of IN I-PP
a DT B-NP
then-pending JJ I-NP
July NNP I-NP
1 CD I-NP
price NN I-NP
increase NN I-NP
, , B-PP
and CC I-PP
to TO B-PP
higher JJR B-NP
marketing NN I-NP
expenses NNS I-NP
for IN B-PP
Rorer NNP B-NP
's POS B-NP
Maalox NNP I-NP
antacid NN I-NP
, , O
whose WP$ B-NP
sales NNS I-NP
and CC I-NP
market NN I-NP
share NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
had VBD B-VP
slipped VBN I-VP
in IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
of IN B-PP
1989 CD B-NP
. . O

He PRP B-NP
said VBD B-VP
Rorer NNP B-NP
opted VBD B-VP
to TO I-VP
sell VB I-VP
Asilone NNP B-NP
and CC I-NP
Thrombinar NNP I-NP
to TO B-VP
raise VB I-VP
revenue NN B-NP
that WDT B-NP
would MD B-VP
`` `` I-VP
kick VB I-VP
start NN I-VP
'' '' O
its PRP$ B-NP
increased VBN I-NP
marketing NN I-NP
efforts NNS I-NP
behind IN B-PP
Maalox NNP B-NP
, , O
still RB B-ADVP
its PRP$ B-NP
top-selling JJ I-NP
product NN I-NP
with IN B-PP
about RB B-NP
$ $ I-NP
215 CD I-NP
million CD I-NP
in IN B-PP
world-wide JJ B-NP
sales NNS I-NP
in IN B-PP
1988 CD B-NP
. . O

`` `` O
We PRP B-NP
had VBD B-VP
underfunded VBN I-VP
Maalox NNP B-NP
for IN B-PP
a DT B-NP
year NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
, , O
because IN B-SBAR
the DT B-NP
company NN I-NP
was VBD B-VP
concentrating VBG I-VP
on IN B-PP
research NN B-NP
and CC I-NP
development NN I-NP
and CC O
promoting VBG B-VP
other JJ B-NP
drugs NNS I-NP
. . O

He PRP B-NP
said VBD B-VP
Rorer NNP B-NP
will MD B-VP
spend VB I-VP
$ $ B-NP
15 CD I-NP
million CD I-NP
to TO I-NP
$ $ I-NP
20 CD I-NP
million CD I-NP
more JJR I-NP
on IN B-PP
Maalox NNP B-NP
advertising NN I-NP
and CC I-NP
promotion NN I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
half NN I-NP
of IN B-PP
1989 CD B-NP
than IN B-PP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

A DT B-NP
`` `` I-NP
big JJ I-NP
chunk NN I-NP
'' '' O
of IN B-PP
that DT B-NP
additional JJ I-NP
spending NN I-NP
came VBD B-VP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

Hoechst NNP B-NP
AG NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
stop VB I-VP
producing VBG I-VP
fertilizer NN B-NP
in IN B-PP
1990 CD B-NP
because IN B-PP
of IN I-PP
continued VBN B-NP
losses NNS I-NP
and CC O
a DT B-NP
bleak JJ I-NP
outlook NN I-NP
. . O

The DT B-NP
West JJ I-NP
German JJ I-NP
chemical NN I-NP
concern NN I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
close VB I-VP
the DT B-NP
last JJ I-NP
remaining VBG I-NP
fertilizer NN I-NP
plant NN I-NP
in IN B-PP
Oberhausen NNP B-NP
in IN B-PP
the DT B-NP
fall NN I-NP
of IN B-PP
next JJ B-NP
year NN I-NP
. . O

Hoechst NNP B-NP
said VBD B-VP
the DT B-NP
fertilizer NN I-NP
market NN I-NP
faces VBZ B-VP
overcapacity NN B-NP
in IN B-PP
Western NNP B-NP
Europe NNP I-NP
, , O
rising VBG B-NP
imports NNS I-NP
from IN B-PP
East NNP B-NP
bloc NN I-NP
countries NNS I-NP
and CC O
overseas JJ B-ADVP
, , O
and CC O
declining VBG B-NP
demand NN I-NP
. . O

HomeFed NNP B-NP
Corp. NNP I-NP
said VBD B-VP
its PRP$ B-NP
main JJ I-NP
subsidiary NN I-NP
, , O
Home NNP B-NP
Federal NNP I-NP
Savings NNP I-NP
& CC I-NP
Loan NNP I-NP
, , O
converted VBN B-VP
from IN B-PP
a DT B-NP
federal JJ I-NP
savings NNS I-NP
and CC I-NP
loan NN I-NP
to TO B-PP
a DT B-NP
federal JJ I-NP
savings NNS I-NP
bank VBP I-NP
and CC O
changed VBN B-VP
its PRP$ B-NP
name NN I-NP
to TO B-PP
HomeFed NNP B-NP
Bank NNP I-NP
. . O

The DT B-NP
federal JJ I-NP
Office NNP I-NP
of IN B-PP
Thrift NNP B-NP
Supervision NNP I-NP
approved VBD B-VP
the DT B-NP
conversion NN I-NP
last JJ B-NP
Friday NNP I-NP
, , O
HomeFed NNP B-NP
said VBD B-VP
. . O

The DT B-NP
change NN I-NP
in IN B-PP
charter NN B-NP
does VBZ B-VP
n't RB I-VP
alter VB I-VP
the DT B-NP
federal JJ I-NP
insurance NN I-NP
of IN B-PP
deposits NNS B-NP
, , O
federal JJ B-NP
regulatory JJ I-NP
powers NNS I-NP
or CC O
company NN B-NP
operations NNS I-NP
, , O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

It PRP B-NP
was VBD B-VP
the DT B-NP
second JJ I-NP
anniversary NN I-NP
of IN B-PP
the DT B-NP
1987 CD I-NP
crash NN I-NP
, , O
but CC O
this DT B-NP
time NN I-NP
it PRP B-NP
was VBD B-VP
different JJ B-ADJP
. . O

Stocks NNS B-NP
rallied VBD B-VP
on IN B-PP
good JJ B-NP
earnings NNS I-NP
reports NNS I-NP
and CC B-PP
on IN B-PP
data NNS B-NP
that WDT B-NP
showed VBD B-VP
less JJR B-NP
inflation NN I-NP
than IN B-SBAR
expected VBN B-VP
. . O

Blue JJ B-NP
chips NNS I-NP
led VBD B-VP
the DT B-NP
march NN I-NP
up IN B-ADVP
in IN B-PP
heavy JJ B-NP
trading NN I-NP
. . O

The DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
rose VBD B-VP
39.55 CD B-NP
points NNS I-NP
to TO B-PP
2683.20 CD B-NP
. . O

The DT B-NP
30 CD I-NP
industrials NNS I-NP
led VBD B-VP
the DT B-NP
market NN I-NP
higher JJR B-ADVP
from IN B-PP
the DT B-NP
opening NN I-NP
bell NN I-NP
as IN B-SBAR
foreign JJ B-NP
buyers NNS I-NP
stepped VBD B-VP
in RB B-ADVP
. . O

By IN B-PP
afternoon NN B-NP
, , O
the DT B-NP
broader JJR I-NP
market NN I-NP
joined VBD B-VP
the DT B-NP
advance NN I-NP
in IN B-PP
full JJ B-NP
strength NN I-NP
. . O

Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
500-stock NNP I-NP
Index NNP I-NP
rose VBD B-VP
5.37 CD B-NP
to TO B-PP
347.13 CD B-NP
and CC O
the DT B-NP
Nasdaq NNP I-NP
composite JJ I-NP
index NN I-NP
jumped VBD B-VP
7.52 CD B-NP
to TO B-PP
470.80 CD B-NP
. . O

New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
volume NN I-NP
swelled VBD B-VP
to TO B-PP
198,120,000 CD B-NP
shares NNS I-NP
. . O

The DT B-NP
industrials NNS I-NP
were VBD B-VP
up IN B-ADVP
about IN B-NP
60 CD I-NP
points NNS I-NP
in IN B-PP
the DT B-NP
afternoon NN I-NP
, , O
but CC O
cautious JJ B-NP
investors NNS I-NP
took VBD B-VP
profits NNS B-NP
before IN B-PP
the DT B-NP
close NN I-NP
. . O

Traders NNS B-NP
said VBD B-VP
a DT B-NP
variety NN I-NP
of IN B-PP
factors NNS B-NP
triggered VBD B-VP
the DT B-NP
rally NN I-NP
. . O

The DT B-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
rose VBD B-VP
0.2 CD B-NP
% NN I-NP
in IN B-PP
September NNP B-NP
, , O
while IN B-SBAR
many JJ B-NP
economists NNS I-NP
were VBD B-VP
looking VBG I-VP
for IN B-PP
a DT B-NP
0.4 CD I-NP
% NN I-NP
increase NN I-NP
. . O

Stock-index NN B-NP
arbitrage NN I-NP
buy NN I-NP
programs NNS I-NP
-- : O
in IN B-PP
which WDT B-NP
traders NNS B-NP
buy VBP B-VP
stock NN B-NP
against IN B-PP
offsetting VBG B-NP
positions NNS I-NP
in IN B-PP
futures NNS B-NP
to TO B-VP
lock VB I-VP
in IN B-PRT
price NN B-NP
differences NNS I-NP
-- : O
helped VBD B-VP
the DT B-NP
rally NN I-NP
's POS B-NP
momentum NN I-NP
. . O

The DT B-NP
euphoria NN I-NP
was VBD B-VP
such JJ B-ADJP
that IN B-SBAR
investors NNS B-NP
responded VBD B-VP
to TO B-PP
good JJ B-NP
earnings NNS I-NP
reports NNS I-NP
of IN B-PP
companies NNS B-NP
such JJ B-PP
as IN I-PP
American NNP B-NP
Express NNP I-NP
, , O
while IN B-SBAR
ignoring VBG B-VP
the DT B-NP
disappointing JJ I-NP
profits NNS I-NP
of IN B-PP
companies NNS B-NP
such JJ B-PP
as IN I-PP
Caterpillar NNP B-NP
, , O
analysts NNS B-NP
said VBD B-VP
. . O

Stock-index NN B-NP
arbitrage NN I-NP
trading NN I-NP
was VBD B-VP
a DT B-NP
minor JJ I-NP
influence NN I-NP
in IN B-PP
yesterday NN B-NP
's POS B-NP
rally NN I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

Institutional JJ B-NP
buyers NNS I-NP
were VBD B-VP
the DT B-NP
main JJ I-NP
force NN I-NP
pushing VBG B-VP
blue JJ B-NP
chips NNS I-NP
higher JJR B-ADVP
. . O

To TO B-PP
the DT B-NP
amazement NN I-NP
of IN B-PP
some DT B-NP
traders NNS I-NP
, , O
takeover NN B-NP
stocks NNS I-NP
were VBD B-VP
climbing VBG I-VP
again RB B-ADVP
. . O

Hilton NNP B-NP
rose VBD B-VP
2 CD B-NP
7\/8 CD I-NP
to TO B-PP
100 CD B-NP
, , O
for IN B-PP
example NN B-NP
. . O

Last NNP B-NP
Friday NNP I-NP
, , O
takeover NN B-NP
traders NNS I-NP
spilled VBD B-VP
out IN B-ADVP
of IN B-PP
Hilton NNP B-NP
, , O
knocking VBG B-VP
the DT B-NP
stock NN I-NP
down RB B-ADVP
21 CD B-NP
1\/2 CD I-NP
to TO B-PP
85 CD B-NP
. . O

Among IN B-PP
other JJ B-NP
stocks NNS I-NP
involved VBN B-VP
in IN B-PP
restructurings NNS B-NP
or CC O
rumored VBN B-VP
to TO I-VP
be VB I-VP
so RB B-ADVP
: : O
Holiday NNP B-NP
Corp. NNP I-NP
gained VBD B-VP
1 CD B-NP
7\/8 CD I-NP
to TO B-PP
73 CD B-NP
and CC O
Honeywell NNP B-NP
rose VBD B-VP
2 CD B-NP
7\/8 CD I-NP
to TO B-PP
81 CD B-NP
1\/2 CD I-NP
. . O

One CD B-NP
floor NN I-NP
trader NN I-NP
noted VBD B-VP
in IN B-PP
astonishment NN B-NP
that DT B-SBAR
nobody NN B-NP
seemed VBD B-VP
to TO I-VP
mind VB I-VP
the DT B-NP
news NN I-NP
that IN B-SBAR
British JJ B-NP
Airways NNPS I-NP
is VBZ B-VP
n't RB I-VP
making VBG I-VP
a DT B-NP
special JJ I-NP
effort NN I-NP
to TO B-VP
revive VB I-VP
the DT B-NP
UAL NNP I-NP
buy-out NN I-NP
. . O

The DT B-NP
announcement NN I-NP
of IN B-PP
the DT B-NP
buy-out NN I-NP
's POS B-NP
troubles NNS I-NP
triggered VBD B-VP
the DT B-NP
market NN I-NP
's POS B-NP
nose NN I-NP
dive NN I-NP
a DT B-NP
week NN I-NP
ago RB B-ADVP
. . O

Takeover NN B-NP
enthusiasm NN I-NP
may MD B-VP
have VB I-VP
been VBN I-VP
renewed VBN I-VP
when WRB B-ADVP
an DT B-NP
investor NN I-NP
group NN I-NP
disclosed VBD B-VP
yesterday NN B-NP
that IN B-SBAR
it PRP B-NP
had VBD B-VP
obtained VBN I-VP
all PDT B-NP
the DT I-NP
financing NN I-NP
required VBN B-VP
to TO B-VP
complete VB I-VP
its PRP$ B-NP
$ $ I-NP
1.6 CD I-NP
billion CD I-NP
leveraged JJ I-NP
buy-out NN I-NP
of IN B-PP
American NNP B-NP
Medical NNP I-NP
International NNP I-NP
. . O

`` `` O
That DT B-NP
's VBZ B-VP
put NN I-VP
some DT B-NP
oomph NN I-NP
back RB B-ADVP
into IN B-PP
this DT B-NP
market NN I-NP
, , O
'' '' O
said VBD B-VP
Peter NNP B-NP
VandenBerg NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
equity NN B-NP
trading NN I-NP
at IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
. . O

But CC O
some DT B-NP
traders NNS I-NP
thought VBD B-VP
there EX B-NP
was VBD B-VP
less JJR B-NP
to TO B-PP
the DT B-NP
rally NN I-NP
than IN B-SBAR
met VBN B-VP
the DT B-NP
eye NN I-NP
. . O

`` `` O
There EX B-NP
is VBZ B-VP
no DT B-NP
strength NN I-NP
behind IN B-PP
this DT B-NP
rally NN I-NP
, , O
'' '' O
asserted VBD B-VP
Chung NNP B-NP
Lew NNP I-NP
, , O
head NN B-NP
trader NN I-NP
at IN B-PP
Kleinwort NNP B-NP
Benson NNP I-NP
North NNP I-NP
America NNP I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
traders NNS B-NP
squaring VBG B-VP
positions NNS B-NP
. . O

It PRP B-NP
's VBZ B-VP
not RB O
good JJ B-ADJP
; : O
the DT B-NP
market NN I-NP
is VBZ B-VP
setting VBG I-VP
up IN B-PRT
for IN B-PP
another DT B-NP
fall NN I-NP
. . O
'' '' O

Indeed RB B-ADVP
, , O
many JJ B-NP
traders NNS I-NP
said VBD B-VP
that DT O
uncertainty NN B-NP
about IN B-PP
today NN B-NP
's POS B-NP
monthly JJ I-NP
expiration NN I-NP
of IN B-PP
stocks-index JJ B-NP
futures NNS I-NP
and CC I-NP
options NNS I-NP
, , O
and CC O
options NNS B-NP
on IN B-PP
individual JJ B-NP
stocks NNS I-NP
, , O
prompted VBD B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
buying VBG B-NP
by IN B-PP
speculative JJ B-NP
traders NNS I-NP
who WP B-NP
were VBD B-VP
unwinding NN I-VP
positions NNS B-NP
that WDT B-NP
were VBD B-VP
bets NNS B-NP
on IN B-PP
declining VBG B-NP
stock NN I-NP
prices NNS I-NP
. . O

The DT B-NP
number NN I-NP
of IN B-PP
outstanding JJ B-NP
contracts NNS I-NP
in IN B-PP
the DT B-NP
October NNP I-NP
Major NNP I-NP
Market NNP I-NP
Index NNP I-NP
jumped VBD B-VP
from IN B-PP
5,273 CD B-NP
on IN B-PP
Friday NNP B-NP
to TO B-PP
9,023 CD B-NP
on IN B-PP
Monday NNP B-NP
. . O

The DT B-NP
MMI NNP I-NP
is VBZ B-VP
a DT B-NP
20-stock JJ I-NP
index NN I-NP
that IN B-NP
mimics VBZ B-VP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
. . O

Outstanding JJ B-NP
contracts NNS I-NP
are VBP B-VP
those DT B-NP
that WDT B-NP
remain VBP B-VP
to TO I-VP
be VB I-VP
liquidated VBN I-VP
. . O

By IN B-PP
Wednesday NNP B-NP
, , O
the DT B-NP
outstanding JJ I-NP
October NNP I-NP
contracts NNS I-NP
amounted VBD B-VP
to TO B-PP
8,524 CD B-NP
, , O
representing VBG B-VP
about RB B-NP
$ $ I-NP
1.13 CD I-NP
billion CD I-NP
in IN B-PP
stock NN B-NP
, , O
noted VBD B-VP
Donald NNP B-NP
Selkin NNP I-NP
, , O
head NN B-NP
of IN B-PP
stock-index NN B-NP
futures NNS I-NP
research VBP I-NP
at IN B-PP
Prudential-Bache NNP B-NP
Securities NNP I-NP
, , O
who WP B-NP
expects VBZ B-VP
a DT B-NP
volatile JJ I-NP
expiration NN I-NP
today NN B-NP
. . O

`` `` O
There EX B-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
tremendous JJ I-NP
increase NN I-NP
'' '' O
in IN B-PP
MMI NNP B-NP
positions NNS I-NP
, , O
Mr. NNP B-NP
Selkin NNP I-NP
said VBD B-VP
. . O

Consumer NN B-NP
stocks NNS I-NP
once RB B-ADVP
again RB I-ADVP
set VBN B-VP
the DT B-NP
pace NN I-NP
for IN B-PP
blue-chip JJ B-NP
issues NNS I-NP
. . O

Philip NNP B-NP
Morris NNP I-NP
added VBD B-VP
1 CD B-NP
1\/8 CD I-NP
to TO B-PP
44 CD B-NP
1\/2 CD I-NP
in IN B-PP
Big NNP B-NP
Board NNP I-NP
composite JJ I-NP
trading NN I-NP
of IN B-PP
3.7 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
Coca-Cola NNP B-NP
Co. NNP I-NP
gained VBD B-VP
2 CD B-NP
3\/8 CD I-NP
to TO B-PP
70 CD B-NP
3\/8 CD I-NP
, , O
Merck NNP B-NP
gained VBD B-VP
1 CD B-NP
3\/8 CD I-NP
to TO B-PP
77 CD B-NP
3\/8 CD I-NP
and CC O
American NNP B-NP
Telephone NNP I-NP
& CC I-NP
Telegraph NNP I-NP
advanced VBD B-VP
7\/8 CD B-NP
to TO B-PP
43 CD B-NP
3\/8 CD I-NP
on IN B-PP
2.5 CD B-NP
million CD I-NP
shares NNS I-NP
. . O

American NNP B-NP
Medical NNP I-NP
jumped VBD B-VP
1 CD B-NP
7\/8 CD I-NP
to TO B-PP
23 CD B-NP
5\/8 CD I-NP
. . O

IMA NNP B-NP
Acquisition NNP I-NP
, , O
an DT B-NP
investor NN I-NP
group NN I-NP
that WDT B-NP
includes VBZ B-VP
First NNP B-NP
Boston NNP I-NP
and CC O
the DT B-NP
Pritzker NNP I-NP
family NN I-NP
of IN B-PP
Chicago NNP B-NP
, , O
said VBD B-VP
Chemical NNP B-NP
Bank NNP I-NP
had VBD B-VP
made VBN I-VP
arrangements NNS B-NP
for IN B-SBAR
23 CD B-NP
other JJ I-NP
banks NNS I-NP
to TO B-VP
provide VB I-VP
$ $ B-NP
509 CD I-NP
million CD I-NP
in IN B-PP
bank NN B-NP
financing NN I-NP
for IN B-PP
the DT B-NP
buy-out NN I-NP
offer NN I-NP
. . O

Chemical NNP B-NP
and CC O
six CD B-NP
other JJ I-NP
banks NNS I-NP
, , O
along IN B-PP
with IN B-PP
First NNP B-NP
Boston NNP I-NP
, , O
are VBP B-VP
providing VBG I-VP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
$ $ I-NP
1.6 CD I-NP
billion CD I-NP
. . O

Elsewhere RB B-ADVP
on IN B-PP
the DT B-NP
takeover NN I-NP
front NN I-NP
, , O
Time NNP B-NP
Warner NNP I-NP
advanced VBD B-VP
2 CD B-NP
5\/8 CD I-NP
to TO B-PP
136 CD B-NP
5\/8 CD I-NP
and CC O
Warner NNP B-NP
Communications NNP I-NP
tacked VBD B-VP
on IN B-PRT
7\/8 CD B-NP
to TO B-PP
63 CD B-NP
7\/8 CD I-NP
. . O

The DT B-NP
Delaware NNP I-NP
Supreme NNP I-NP
Court NNP I-NP
affirmed VBD B-VP
a DT B-NP
ruling NN I-NP
that WDT B-NP
barred VBD B-VP
Chris-Craft NNP B-NP
Industries NNPS I-NP
from IN B-PP
voting VBG B-VP
its PRP$ B-NP
Warner NNP I-NP
preferred JJ I-NP
stock NN I-NP
as IN B-PP
a DT B-NP
separate JJ I-NP
class NN I-NP
in IN B-PP
deciding VBG B-VP
on IN B-PP
the DT B-NP
companies NNS I-NP
' POS B-NP
proposed VBN I-NP
merger NN I-NP
. . O

Paramount NNP B-NP
Communications NNPS I-NP
climbed VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
58 CD B-NP
1\/2 CD I-NP
and CC O
MCA NNP B-NP
rose VBD B-VP
1 CD B-NP
1\/2 CD I-NP
to TO B-PP
64 CD B-NP
; : O
both DT B-NP
media NNS I-NP
companies NNS I-NP
have VBP B-VP
long RB I-VP
been VBN I-VP
mentioned VBN I-VP
as IN B-PP
potential JJ B-NP
acquisition NN I-NP
candidates NNS I-NP
. . O

Among IN B-PP
other JJ B-NP
actual JJ I-NP
and CC I-NP
rumored VBN I-NP
targets NNS I-NP
, , O
Woolworth NNP B-NP
rose VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
60 CD B-NP
1\/2 CD I-NP
, , O
Upjohn NNP B-NP
went VBD B-VP
up IN B-ADVP
1 CD B-NP
1\/8 CD I-NP
to TO B-PP
39 CD B-NP
3\/4 CD I-NP
, , O
Armstrong NNP B-NP
World NNP I-NP
Industries NNPS I-NP
gained VBD B-VP
1 CD B-NP
to TO B-PP
40 CD B-NP
1\/8 CD I-NP
and CC O
Kollmorgen NNP B-NP
rose VBD B-VP
3\/4 CD B-NP
to TO B-PP
13 CD B-NP
7\/8 CD I-NP
. . O

In IN B-PP
addition NN B-NP
: : O
-- : O
Soo NNP B-NP
Line NNP I-NP
jumped VBD B-VP
2 CD B-NP
3\/4 CD I-NP
to TO B-PP
20 CD B-NP
1\/4 CD I-NP
, , O
above IN B-PP
the DT B-NP
$ $ I-NP
19.50 CD I-NP
a DT B-NP
share NN I-NP
that IN B-NP
Canadian NNP B-NP
Pacific NNP I-NP
offered VBD B-VP
for IN B-PP
the DT B-NP
company NN I-NP
in IN B-PP
a DT B-NP
takeover NN I-NP
proposal NN I-NP
. . O

-- : O
Xtra NNP B-NP
gained VBD B-VP
1 CD B-NP
1\/8 CD I-NP
to TO B-PP
27 CD B-NP
1\/8 CD I-NP
. . O

Investor NNP B-NP
Robert NNP I-NP
M. NNP I-NP
Gintel NNP I-NP
, , O
who WP B-NP
owns VBZ B-VP
a DT B-NP
4.7 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
, , O
said VBD B-VP
he PRP B-NP
plans VBZ B-VP
a DT B-NP
proxy NN I-NP
fight NN I-NP
for IN B-PP
control NN B-NP
of IN B-PP
its PRP$ B-NP
board NN I-NP
. . O

-- : O
Golden NNP B-NP
Nugget NNP I-NP
rose VBD B-VP
2 CD B-NP
to TO B-PP
28 CD B-NP
1\/4 CD I-NP
. . O

Its PRP$ B-NP
board NN I-NP
approved VBD B-VP
the DT B-NP
repurchase NN I-NP
of IN B-PP
as RB B-NP
many JJ I-NP
as IN I-NP
three CD I-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
, , O
or CC O
about IN B-NP
17 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

Buying VBG B-NP
interest NN I-NP
also RB B-ADVP
resurfaced VBD B-VP
in IN B-PP
the DT B-NP
technology NN I-NP
sector NN I-NP
, , O
including VBG B-PP
International NNP B-NP
Business NNP I-NP
Machines NNPS I-NP
, , O
whose WP$ B-NP
board NN I-NP
approved VBD B-VP
a DT B-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
increase NN I-NP
in IN B-PP
its PRP$ B-NP
stock NN I-NP
buy-back NN I-NP
program NN I-NP
. . O

IBM NNP B-NP
rose VBD B-VP
2 CD B-NP
3\/8 CD I-NP
to TO B-PP
104 CD B-NP
1\/8 CD I-NP
as IN B-SBAR
2.2 CD B-NP
million CD I-NP
shares NNS I-NP
changed VBD B-VP
hands NNS B-NP
. . O

Compaq NNP B-NP
Computer NNP I-NP
soared VBD B-VP
4 CD B-NP
5\/8 CD I-NP
to TO B-PP
111 CD B-NP
1\/8 CD I-NP
on IN B-PP
1.8 CD B-NP
million CD I-NP
shares NNS I-NP
in IN B-PP
response NN B-NP
to TO B-PP
the DT B-NP
company NN I-NP
's POS B-NP
announcement NN I-NP
of IN B-PP
plans NNS B-NP
to TO B-VP
introduce VB I-VP
several JJ B-NP
products NNS I-NP
next JJ B-NP
month NN I-NP
. . O

Digital NNP B-NP
Equipment NNP I-NP
gained VBD B-VP
1 CD B-NP
3\/8 CD I-NP
to TO B-PP
89 CD B-NP
3\/4 CD I-NP
despite IN B-PP
reporting VBG B-VP
earnings NNS B-NP
for IN B-PP
the DT B-NP
September NNP I-NP
quarter NN I-NP
that WDT B-NP
were VBD B-VP
on IN B-PP
the DT B-NP
low JJ I-NP
end NN I-NP
of IN B-PP
expectations NNS B-NP
. . O

Among IN B-PP
other JJ B-NP
technology NN I-NP
issues NNS I-NP
, , O
Cray NNP B-NP
Research NNP I-NP
rose VBD B-VP
1 CD B-NP
5\/8 CD I-NP
to TO B-PP
37 CD B-NP
, , O
Hewlett-Packard NNP B-NP
added VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
50 CD B-NP
1\/4 CD I-NP
, , O
Tandem NNP B-NP
Computers NNPS I-NP
rallied VBD B-VP
1 CD B-NP
1\/8 CD I-NP
to TO B-PP
25 CD B-NP
3\/4 CD I-NP
, , O
Data NNP B-NP
General NNP I-NP
rose VBD B-VP
3\/4 CD B-NP
to TO B-PP
14 CD B-NP
1\/2 CD I-NP
and CC O
Motorola NNP B-NP
gained VBD B-VP
2 CD B-NP
3\/8 CD I-NP
to TO B-PP
59 CD B-NP
1\/4 CD I-NP
. . O

On IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
Symbol NNP B-NP
Technologies NNP I-NP
dropped VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
18 CD B-NP
1\/2 CD I-NP
after IN B-SBAR
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
lowered VBD B-VP
its PRP$ B-NP
short-term JJ I-NP
investment NN I-NP
rating NN I-NP
on IN B-PP
the DT B-NP
stock NN I-NP
and CC O
its PRP$ B-NP
1989 CD I-NP
earnings NNS I-NP
estimate NN I-NP
, , O
and CC O
Commodore NNP B-NP
International NNP I-NP
fell VBD B-VP
7\/8 CD B-NP
to TO B-PP
8 CD B-NP
after IN B-SBAR
the DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
post VB I-VP
a DT B-NP
loss NN I-NP
for IN B-PP
the DT B-NP
September NNP I-NP
quarter NN I-NP
. . O

Insurance NN B-NP
stocks NNS I-NP
continued VBD B-VP
to TO I-VP
climb VB I-VP
on IN B-PP
expectations NNS B-NP
that IN B-SBAR
premium NN B-NP
rates NNS I-NP
will MD B-VP
rise VB I-VP
in IN B-PP
the DT B-NP
aftermath NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
. . O

American NNP B-NP
International NNP I-NP
Group NNP I-NP
climbed VBD B-VP
4 CD B-NP
to TO B-PP
106 CD B-NP
5\/8 CD I-NP
, , O
General NNP B-NP
Re NNP I-NP
rose VBD B-VP
3 CD B-NP
1\/8 CD I-NP
to TO B-PP
89 CD B-NP
5\/8 CD I-NP
, , O
Kemper NNP B-NP
added VBD B-VP
2 CD B-NP
1\/2 CD I-NP
to TO B-PP
48 CD B-NP
, , O
AON NNP B-NP
went VBD B-VP
up IN B-ADVP
1 CD B-NP
3\/8 CD I-NP
to TO B-PP
36 CD B-NP
and CC O
Chubb NNP B-NP
rose VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
82 CD B-NP
1\/4 CD I-NP
. . O

Stocks NNS B-NP
of IN B-PP
major JJ B-NP
toy NN I-NP
makers NNS I-NP
rallied VBD B-VP
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
strong JJ B-NP
third-quarter JJ I-NP
earnings NNS I-NP
reports NNS I-NP
. . O

Mattel NNP B-NP
added VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
19 CD B-NP
5\/8 CD I-NP
, , O
Tonka NNP B-NP
firmed VBD B-VP
1 CD B-NP
to TO B-PP
18 CD B-NP
1\/2 CD I-NP
and CC O
Lewis NNP B-NP
Galoob NNP I-NP
Toys NNPS I-NP
rose VBD B-VP
7\/8 CD B-NP
to TO B-PP
13 CD B-NP
5\/8 CD I-NP
on IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
, , O
while IN B-SBAR
Hasbro NNP B-NP
gained VBD B-VP
1 CD B-NP
to TO B-PP
21 CD B-NP
7\/8 CD I-NP
on IN B-PP
the DT B-NP
American NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

Capital NNP B-NP
Cities-ABC NNP I-NP
surged VBD B-VP
42 CD B-NP
5\/8 CD I-NP
to TO B-PP
560 CD B-NP
. . O

Kidder NNP B-NP
Peabody NNP I-NP
raised VBD B-VP
its PRP$ B-NP
investment NN I-NP
rating NN I-NP
on IN B-PP
the DT B-NP
stock NN I-NP
and CC O
its PRP$ B-NP
earnings NNS I-NP
estimates NNS I-NP
for IN B-PP
1989 CD B-NP
and CC I-NP
1990 CD I-NP
, , O
based VBN B-PP
on IN B-PP
optimism NN B-NP
that IN B-SBAR
the DT B-NP
company NN I-NP
's POS B-NP
ABC NNP I-NP
television NN I-NP
network NN I-NP
will MD B-VP
continue VB I-VP
to TO I-VP
fare VB I-VP
well RB B-ADVP
in IN B-PP
the DT B-NP
ratings NNS I-NP
. . O

Dun NNP B-NP
& CC I-NP
Bradstreet NNP I-NP
lost VBD B-VP
1 CD B-NP
7\/8 CD I-NP
to TO B-PP
51 CD B-NP
7\/8 CD I-NP
on IN B-PP
1.8 CD B-NP
million CD I-NP
shares NNS I-NP
. . O

Merrill NNP B-NP
Lynch NNP I-NP
lowered VBD B-VP
its PRP$ B-NP
short-term JJ I-NP
rating NN I-NP
on IN B-PP
the DT B-NP
stock NN I-NP
and CC O
its PRP$ B-NP
estimate NN I-NP
of IN B-PP
1990 CD B-NP
earnings NNS I-NP
, , O
citing VBG B-VP
a DT B-NP
sales NNS I-NP
slowdown NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
credit-rating JJ I-NP
business NN I-NP
. . O

Pinnacle NNP B-NP
West NNP I-NP
Capital NNP I-NP
, , O
which WDT B-NP
suspended VBD B-VP
its PRP$ B-NP
common-stock JJ I-NP
dividend NN I-NP
indefinitely RB B-ADVP
and CC O
reported VBD B-VP
a DT B-NP
91 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
third-quarter JJ B-NP
earnings NNS I-NP
, , O
fell VBD B-VP
5\/8 CD B-NP
to TO B-PP
11 CD B-NP
3\/8 CD I-NP
. . O

The DT B-NP
Amex NNP I-NP
Market NNP I-NP
Value NNP I-NP
Index NNP I-NP
recorded VBD B-VP
its PRP$ B-NP
sharpest JJS I-NP
gain NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
by IN B-PP
climbing VBG B-VP
4.74 CD B-NP
to TO B-PP
382.81 CD B-NP
. . O

Volume NN B-NP
totaled VBD B-VP
14,580,000 CD B-NP
shares NNS I-NP
. . O

B.A.T NNP B-NP
Industries NNPS I-NP
, , O
the DT B-NP
most RBS I-NP
active JJ I-NP
Amex NNP I-NP
issue NN I-NP
, , O
rose VBD B-VP
3\/8 CD B-NP
to TO B-PP
12 CD B-NP
3\/8 CD I-NP
. . O

The DT B-NP
company NN I-NP
received VBD B-VP
shareholder NN B-NP
approval NN I-NP
for IN B-PP
its PRP$ B-NP
restructuring NN I-NP
plan NN I-NP
, , O
designed VBN B-VP
to TO I-VP
fend VB I-VP
off IN B-PRT
a DT B-NP
hostile JJ I-NP
takeover NN I-NP
bid NN I-NP
from IN B-PP
a DT B-NP
group NN I-NP
headed VBN B-VP
by IN B-PP
financier NN B-NP
Sir NNP I-NP
James NNP I-NP
Goldsmith NNP I-NP
. . O

Chambers NNP B-NP
Development NNP I-NP
Class NNP I-NP
A DT I-NP
jumped VBD B-VP
3 CD B-NP
1\/8 CD I-NP
to TO B-PP
37 CD B-NP
1\/8 CD I-NP
and CC O
Class NNP B-NP
B NNP I-NP
rose VBD B-VP
2 CD B-NP
5\/8 CD I-NP
to TO B-PP
37 CD B-NP
1\/4 CD I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
six CD B-NP
officers NNS I-NP
are VBP B-VP
buying VBG I-VP
a DT B-NP
total NN I-NP
of IN B-PP
$ $ B-NP
1.5 CD I-NP
million CD I-NP
of IN B-PP
its PRP$ B-NP
stock NN I-NP
. . O

TRC NNP B-NP
Cos. NNP I-NP
, , O
the DT B-NP
target NN I-NP
of IN B-PP
an DT B-NP
investigation NN I-NP
by IN B-PP
the DT B-NP
U.S. NNP I-NP
inspector NN I-NP
general JJ I-NP
, , O
dropped VBD B-VP
2 CD B-NP
to TO B-PP
10 CD B-NP
3\/4 CD I-NP
. . O

The DT B-NP
probe NN I-NP
involves VBZ B-VP
testing NN B-NP
procedures NNS I-NP
used VBN B-VP
on IN B-PP
certain JJ B-NP
government NN I-NP
contracts NNS I-NP
by IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
Metatrace NNP I-NP
unit NN I-NP
. . O

Avondale NNP B-NP
Industries NNP I-NP
Inc. NNP I-NP
, , O
New NNP B-NP
Orleans NNP I-NP
, , O
received VBD B-VP
a DT B-NP
$ $ I-NP
23 CD I-NP
million CD I-NP
contract NN I-NP
from IN B-PP
the DT B-NP
Navy NNP I-NP
to TO B-VP
enlarge VB I-VP
by IN B-PP
50 CD B-NP
% NN I-NP
the DT B-NP
capacity NN I-NP
of IN B-PP
an DT B-NP
auxiliary JJ I-NP
oiler NN I-NP
. . O

The DT B-NP
award NN I-NP
results NNS B-VP
from IN B-PP
the DT B-NP
Navy NNP I-NP
's POS B-NP
exercising VBG I-NP
of IN B-PP
an DT B-NP
option NN I-NP
in IN B-PP
an DT B-NP
earlier JJR I-NP
contract NN I-NP
it PRP B-NP
awarded VBD B-VP
Avondale NNP B-NP
. . O

Richard NNP B-NP
J. NNP I-NP
Pinola NNP I-NP
was VBD B-VP
elected VBN I-VP
to TO B-PP
the DT B-NP
board NN I-NP
of IN B-PP
this DT B-NP
personnel NNS I-NP
consulting NN I-NP
concern NN I-NP
, , O
increasing VBG B-VP
its PRP$ B-NP
size NN I-NP
to TO B-PP
nine CD B-NP
members NNS I-NP
. . O

Mr. NNP B-NP
Pinola NNP I-NP
is VBZ B-VP
president NN B-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
of IN B-PP
Penn NNP B-NP
Mutual NNP I-NP
Life NNP I-NP
Insurance NNP I-NP
Co NNP I-NP
. . O

The DT B-NP
Senate NNP I-NP
rejected VBD B-VP
a DT B-NP
constitutional JJ I-NP
amendment NN I-NP
that IN B-NP
President NNP B-NP
Bush NNP I-NP
sought VBD B-VP
to TO B-VP
protect VB I-VP
the DT B-NP
U.S. NNP I-NP
flag NN I-NP
from IN B-PP
desecration NN B-NP
. . O

The DT B-NP
51-48 JJ I-NP
roll NN I-NP
call NN I-NP
fell VBD B-VP
well JJ B-ADJP
short NN I-ADJP
of IN B-PP
the DT B-NP
two-thirds NNS I-NP
majority NN I-NP
needed VBN B-VP
to TO B-VP
approve VB I-VP
changes NNS B-NP
to TO B-PP
the DT B-NP
Constitution NNP I-NP
. . O

The DT B-NP
vote NN I-NP
, , O
in IN B-PP
which WDT B-NP
11 CD B-NP
GOP NNP I-NP
lawmakers NNS I-NP
voted VBD B-VP
against IN B-PP
Mr. NNP B-NP
Bush NNP I-NP
's POS B-NP
position NN I-NP
, , O
was VBD B-VP
a DT B-NP
victory NN I-NP
for IN B-PP
Democratic JJ B-NP
leaders NNS I-NP
, , O
who WP B-NP
opposed VBD B-VP
the DT B-NP
amendment NN I-NP
as IN B-PP
an DT B-NP
intrusion NN I-NP
on IN B-PP
the DT B-NP
Bill NNP I-NP
of IN B-PP
Rights NNP B-NP
. . O

`` `` O
We PRP B-NP
can MD B-VP
support VB I-VP
the DT B-NP
American JJ I-NP
flag NN I-NP
without IN B-PP
changing VBG B-VP
the DT B-NP
American NNP I-NP
Constitution NNP I-NP
, , O
'' '' O
said VBD B-VP
Senate NNP B-NP
Majority NNP I-NP
Leader NNP I-NP
George NNP I-NP
Mitchell NNP I-NP
of IN B-PP
Maine NNP B-NP
. . O

In IN B-SBAR
order NN O
to TO B-VP
defuse VB I-VP
pressure NN B-NP
for IN B-PP
an DT B-NP
amendment NN I-NP
, , O
Mr. NNP B-NP
Mitchell NNP I-NP
and CC O
House NNP B-NP
Speaker NNP I-NP
Thomas NNP I-NP
Foley NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Wash NNP B-NP
. . O
-RRB- ) O
had VBD B-VP
arranged VBN I-VP
for IN B-SBAR
lawmakers NNS B-NP
to TO B-VP
pass VB I-VP
a DT B-NP
statute NN I-NP
barring VBG B-VP
flag NN B-NP
desecration NN I-NP
before IN B-PP
voting NN B-VP
on IN B-PP
the DT B-NP
constitutional JJ I-NP
change NN I-NP
. . O

Mr. NNP B-NP
Bush NNP I-NP
said VBD B-VP
he PRP B-NP
would MD B-VP
allow VB I-VP
the DT B-NP
bill NN I-NP
to TO B-VP
become VB I-VP
law NN B-NP
without IN B-PP
his PRP$ B-NP
signature NN I-NP
, , O
because IN B-SBAR
he PRP B-NP
said VBD B-VP
only RB B-NP
a DT I-NP
constitutional JJ I-NP
amendment NN I-NP
can MD B-VP
protect VB I-VP
the DT B-NP
flag NN I-NP
adequately RB B-ADVP
. . O

In IN B-PP
June NNP B-NP
, , O
the DT B-NP
Supreme NNP I-NP
Court NNP I-NP
threw VBD B-VP
out RP B-PRT
the IN B-NP
conviction NN I-NP
of IN B-PP
a DT B-NP
Texas NNP I-NP
man NN I-NP
who WP B-NP
set VBD B-VP
a DT B-NP
flag NN I-NP
afire RB B-ADVP
during IN B-PP
a DT B-NP
1984 CD I-NP
demonstration NN I-NP
, , O
saying VBG B-VP
he PRP B-NP
was VBD B-VP
`` `` O
engaging VBG B-VP
in IN B-PP
political JJ B-NP
expression NN I-NP
'' '' O
that WDT B-NP
is VBZ B-VP
protected VBN I-VP
by IN B-PP
the DT B-NP
First NNP I-NP
Amendment NNP I-NP
. . O

If IN B-SBAR
you PRP B-NP
think VBP B-VP
you PRP B-NP
have VBP B-VP
stress-related JJ B-NP
problems NNS I-NP
on IN B-PP
the DT B-NP
job NN I-NP
, , O
there EX B-NP
's VBZ B-VP
good JJ B-NP
news NN I-NP
and CC O
bad JJ B-NP
news NN I-NP
. . O

You PRP B-NP
're VBP B-VP
probably RB B-ADVP
right NN B-ADJP
, , O
and CC O
you PRP B-NP
are VBP B-VP
n't RB O
alone RB B-ADJP
. . O

A DT B-NP
new JJ I-NP
Gallup NNP I-NP
Poll NNP I-NP
study NN I-NP
commissioned VBN B-VP
by IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Business NNP I-NP
Group NNP I-NP
on IN B-PP
Health NNP B-NP
, , O
found VBD B-VP
that IN B-SBAR
a DT B-NP
full JJ I-NP
25 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
work NN I-NP
force NN I-NP
at IN B-PP
companies NNS B-NP
may MD B-VP
suffer VB I-VP
from IN B-PP
anxiety NN B-NP
disorders NNS I-NP
or CC O
a DT B-NP
stress-related JJ I-NP
illness NN I-NP
, , O
with IN B-PP
about IN B-NP
13 CD I-NP
% NN I-NP
suffering VBG B-VP
from IN B-PP
depression NN B-NP
. . O

The DT B-NP
study NN I-NP
surveyed VBD B-VP
a DT B-NP
national JJ I-NP
group NN I-NP
of IN B-PP
medical JJ B-NP
directors NNS I-NP
, , O
personnel NNS B-NP
managers NNS I-NP
and CC O
employee NN B-NP
assistance NN I-NP
program NN I-NP
directors NNS I-NP
about IN B-PP
their PRP$ B-NP
perceptions NNS I-NP
of IN B-PP
these DT B-NP
problems NNS I-NP
in IN B-PP
their PRP$ B-NP
companies NNS I-NP
. . O

It PRP B-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
a DT B-NP
series NN I-NP
of IN B-PP
studies NNS B-NP
on IN B-PP
health NN B-NP
commissioned VBN B-VP
by IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Business NNP I-NP
Group NNP I-NP
, , O
a DT B-NP
non-profit JJ I-NP
organization NN I-NP
with IN B-PP
about IN B-NP
300 CD I-NP
members NNS I-NP
. . O

The DT B-NP
stress NN I-NP
study NN I-NP
was VBD B-VP
undertaken VBN I-VP
because IN B-SBAR
problems NNS B-NP
related VBN B-ADJP
to TO B-PP
stress VB B-NP
`` `` O
are VBP B-VP
much RB B-ADJP
more RBR I-ADJP
prevalent JJ I-ADJP
than IN B-SBAR
they PRP B-NP
seem VBP B-VP
, , O
'' '' O
said VBD B-VP
Leon NNP B-NP
J. NNP I-NP
Warshaw NNP I-NP
, , O
executive JJ B-NP
director NN I-NP
of IN B-PP
the DT B-NP
business NN I-NP
group NN I-NP
. . O

In IN B-PP
presenting VBG B-VP
the DT B-NP
study NN I-NP
late JJ B-NP
last JJ I-NP
week NN I-NP
, , O
Dr. NNP B-NP
Warshaw NNP I-NP
estimated VBD B-VP
the DT B-NP
cost NN I-NP
of IN B-PP
these DT B-NP
types NNS I-NP
of IN B-PP
disorders NNS B-NP
to TO B-PP
business NN B-NP
is VBZ B-VP
substantial JJ B-ADJP
. . O

Occupational JJ B-NP
disability NN I-NP
related VBN B-ADJP
to TO B-PP
anxiety NN B-NP
, , I-NP
depression NN I-NP
and CC I-NP
stress NN I-NP
costs NNS B-VP
about RB B-NP
$ $ I-NP
8,000 CD I-NP
a DT B-NP
case NN I-NP
in IN B-PP
terms NNS B-NP
of IN B-PP
worker NN B-NP
's POS B-NP
compensation NN I-NP
. . O

In IN B-PP
terms NNS B-NP
of IN B-PP
days NNS B-NP
lost VBD B-VP
on IN B-PP
the DT B-NP
job NN I-NP
, , O
the DT B-NP
study NN I-NP
estimated VBN B-VP
that IN B-SBAR
each DT B-NP
affected VBN I-NP
employee NN I-NP
loses VBZ B-VP
about IN B-NP
16 CD I-NP
work NN I-NP
days NNS I-NP
a DT B-NP
year NN I-NP
because IN B-PP
of IN I-PP
stress NN B-NP
, , I-NP
anxiety NN I-NP
or CC I-NP
depression NN I-NP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
the DT B-NP
cost NN I-NP
for IN B-PP
stress-related JJ B-NP
compensation NN I-NP
claims NNS I-NP
is VBZ B-VP
about IN B-NP
twice RB I-NP
the DT I-NP
average NN I-NP
for IN B-PP
all DT B-NP
injury NN I-NP
claims NNS I-NP
. . O

`` `` O
We PRP B-NP
hope VBP B-VP
to TO I-VP
sensitize VB I-VP
employers NNS B-NP
'' '' O
to TO B-VP
recognize VB I-VP
the DT B-NP
problems NNS I-NP
so IN B-SBAR
they PRP B-NP
can MD B-VP
do VB I-VP
something NN B-NP
about IN B-PP
them PRP B-NP
, , O
Dr. NNP B-NP
Warshaw NNP I-NP
said VBD B-VP
. . O

Early JJ B-NP
intervention NN I-NP
into IN B-PP
these DT B-NP
types NNS I-NP
of IN B-PP
problems NNS B-NP
can MD B-VP
apparently RB I-VP
save VB I-VP
businesses NNS B-NP
long-term JJ B-NP
expense NN I-NP
associated VBN B-VP
with IN B-PP
hospitalization NN B-NP
, , O
which WDT B-NP
sometimes RB B-ADVP
results VBZ B-VP
when WRB B-ADVP
these DT B-NP
problems NNS I-NP
go VBP B-VP
untreated JJ B-ADJP
for IN B-PP
too RB B-NP
long JJ I-NP
. . O

Even RB B-NP
the DT I-NP
courts NNS I-NP
are VBP B-VP
beginning VBG I-VP
to TO I-VP
recognize VB I-VP
the DT B-NP
link NN I-NP
between IN B-PP
jobs NNS B-NP
and CC O
stress-related JJ B-NP
disorders NNS I-NP
in IN B-PP
compensation NN B-NP
cases NNS I-NP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
survey NN I-NP
by IN B-PP
the DT B-NP
National NNP I-NP
Council NNP I-NP
on IN B-PP
Compensation NNP B-NP
Insurance NNP I-NP
. . O

But CC O
although IN B-SBAR
56 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
respondents NNS I-NP
in IN B-PP
the DT B-NP
study NN I-NP
indicated VBD B-VP
that IN B-SBAR
mental-health JJ B-NP
problems NNS I-NP
were VBD B-VP
fairly RB B-ADJP
pervasive JJ I-ADJP
in IN B-PP
the DT B-NP
workplace NN I-NP
, , O
there EX B-NP
is VBZ B-VP
still RB B-ADVP
a DT B-NP
social JJ I-NP
stigma NN I-NP
associated VBN B-VP
with IN B-PP
people NNS B-NP
seeking VBG B-VP
help VB B-NP
. . O

The DT B-NP
disorders NNS I-NP
, , O
which WDT B-NP
20 CD B-NP
years NNS I-NP
ago RB B-ADVP
struck VBD B-VP
middle-age JJ B-NP
and CC I-NP
older JJR I-NP
people NNS I-NP
, , O
`` `` O
now JJ B-ADVP
strike NN B-VP
people NNS B-NP
at IN B-PP
the DT B-NP
height NN I-NP
of IN B-PP
productivity NN B-NP
, , O
'' '' O
says VBZ B-VP
Robert NNP B-NP
M.A. NNP I-NP
Hirschfeld NNP I-NP
, , O
of IN B-PP
the DT B-NP
National NNP I-NP
Institute NNP I-NP
of IN B-PP
Mental NNP B-NP
Health NNP I-NP
, , O
who WP B-NP
spoke VBD B-VP
at IN B-PP
the DT B-NP
presentation NN I-NP
of IN B-PP
the DT B-NP
study NN I-NP
's POS B-NP
findings NNS I-NP
. . O

The DT B-NP
poll NN I-NP
showed VBD B-VP
that DT B-SBAR
company NN B-NP
size NN I-NP
had VBD B-VP
a DT B-NP
bearing NN I-NP
on IN B-PP
a DT B-NP
manager NN I-NP
's POS B-NP
view NN I-NP
of IN B-PP
the DT B-NP
problem NN I-NP
, , O
with IN B-PP
65 CD B-NP
% NN I-NP
of IN B-PP
those DT B-NP
in NN B-PP
companies NNS B-NP
of IN B-PP
more JJR B-NP
than IN I-NP
15,000 CD I-NP
employees NNS I-NP
saying VBG B-VP
stress-related JJ B-NP
problems NNS I-NP
were VBD B-VP
`` `` O
fairly RB B-ADJP
pervasive JJ I-ADJP
'' '' O
and CC O
55 NN B-NP
% NN I-NP
of IN B-PP
those DT B-NP
in NN B-PP
companies NNS B-NP
with IN B-PP
fewer JJR B-NP
than IN I-NP
4,000 CD I-NP
employees NNS I-NP
agreeing VBG B-VP
. . O

The DT B-NP
poll NN I-NP
also RB B-ADVP
noted VBD B-VP
fear NN B-NP
of IN B-PP
a DT B-NP
takeover NN I-NP
as IN B-PP
a DT B-NP
stress-producing JJ I-NP
event NN I-NP
in IN B-PP
larger JJR B-NP
companies NNS I-NP
. . O

More RBR B-NP
than IN I-NP
eight CD I-NP
in IN I-NP
10 CD I-NP
respondents NNS I-NP
reported VBD B-VP
such JJ B-NP
a DT I-NP
stress-provoking JJ I-NP
situation NN I-NP
in IN B-PP
their PRP$ B-NP
company NN I-NP
. . O

Mid-sized JJ B-NP
companies NNS I-NP
were VBD B-VP
most RBS I-VP
affected VBN I-VP
by IN B-PP
talk NN B-NP
of IN B-PP
layoffs NNS B-NP
or CC O
plant NN B-NP
closings NNS I-NP
. . O

The DT B-NP
study NN I-NP
, , O
which WDT B-NP
received VBD B-VP
funding NN B-NP
from IN B-PP
Upjohn NNP B-NP
Co. NNP I-NP
, , O
which WDT B-NP
makes VBZ B-VP
several JJ B-NP
drugs NNS I-NP
to TO B-VP
treat VB I-VP
stress-related JJ B-NP
illnesses NNS I-NP
, , O
also RB B-ADVP
found VBD B-VP
47 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
managers NNS I-NP
said VBD B-VP
stress NN B-NP
, , I-NP
anxiety NN I-NP
and CC I-NP
depression NN I-NP
contribute VB B-VP
to TO B-PP
decreased VBD B-NP
production NN I-NP
. . O

Alcohol NN B-NP
and CC I-NP
substance NN I-NP
abuse NN I-NP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
stress-related JJ B-NP
problems NNS I-NP
was VBD B-VP
cited VBN I-VP
by IN B-PP
30 CD B-NP
% NN I-NP
of IN B-PP
those DT B-NP
polled VBN B-VP
. . O

Although IN B-SBAR
Dr. NNP B-NP
Warshaw NNP I-NP
points NNS B-VP
out IN B-PRT
that IN O
stress NN B-NP
and CC I-NP
anxiety NN I-NP
have VBP B-VP
their PRP$ B-NP
positive JJ I-NP
uses NNS I-NP
, , O
`` `` O
stress NN B-NP
perceived VBN B-VP
to TO I-VP
be VB I-VP
threatening VBG B-ADJP
implies VBZ B-VP
a DT B-NP
component NN I-NP
of IN B-PP
fear NN B-NP
and CC I-NP
anxiety NN I-NP
that WDT B-NP
may MD B-VP
contribute VB I-VP
to TO B-PP
burnout NN B-NP
. . O
'' '' O

He PRP B-NP
also RB B-ADVP
noted VBD B-VP
that IN O
various JJ B-NP
work NN I-NP
environments NNS I-NP
, , O
such JJ B-PP
as IN I-PP
night NN B-NP
work NN I-NP
, , O
have VBP B-VP
their PRP$ B-NP
own JJ I-NP
`` `` I-NP
stressors NNS I-NP
. . O
'' '' O

`` `` O
We PRP B-NP
all DT O
like JJ B-VP
stress NN B-NP
, , O
but CC O
there EX B-NP
's VBZ B-VP
a DT B-NP
limit NN I-NP
, , O
'' '' O
says VBZ B-VP
Paul NNP B-NP
D'Arcy NNP I-NP
, , O
of IN B-PP
Rohrer NNP B-NP
, , I-NP
Hibler NNP I-NP
& CC I-NP
Replogle NNP I-NP
, , O
a DT B-NP
corporate JJ I-NP
psychology NN I-NP
and CC I-NP
management NN I-NP
consulting NN I-NP
firm NN I-NP
. . O

The DT B-NP
problem NN I-NP
, , O
says VBZ B-VP
Mr. NNP B-NP
D'Arcy NNP I-NP
, , O
a DT B-NP
psychologist NN I-NP
, , O
is VBZ B-VP
that IN B-SBAR
`` `` O
it PRP B-NP
's VBZ B-VP
very RB B-ADJP
hard JJ I-ADJP
to TO B-VP
get VB I-VP
any DT B-NP
hard JJ I-NP
measures NNS I-NP
on IN B-PP
how WRB B-ADVP
stress NN B-NP
affects VBZ B-VP
job NN B-NP
performance NN I-NP
. . O

For IN B-PP
Cheap JJ B-NP
Air NNP I-NP
Fares NNS I-NP
, , O
Spend VB B-VP
Christmas NNP B-NP
Aloft JJ B-ADVP

IT PRP B-NP
IS VBZ B-VP
N'T NNP O
TRUE JJ B-ADJP
that IN B-SBAR
a DT B-NP
90-year CD I-NP
old JJ I-NP
clergyman NN I-NP
on IN B-PP
a DT B-NP
mission NN I-NP
of IN B-PP
mercy NN B-NP
to TO B-PP
a DT B-NP
disaster NN I-NP
area NN I-NP
on IN B-PP
Christmas NNP B-NP
Day NNP I-NP
can MD B-VP
fly VB I-VP
free JJ B-ADJP
. . O

But CC O
his PRP$ B-NP
circumstances NNS I-NP
are VBP B-VP
among IN B-PP
the DT B-NP
few JJ I-NP
that WDT B-NP
can MD B-VP
qualify VB I-VP
for IN B-PP
the DT B-NP
handful NN I-NP
of IN B-PP
really RB B-NP
cheap JJ I-NP
airline NN I-NP
tickets NNS I-NP
remaining VBG B-VP
in IN B-PP
America NNP B-NP
. . O

In IN B-PP
recent JJ B-NP
years NNS I-NP
, , O
carriers NNS B-NP
have VBP B-VP
become VBN I-VP
much RB B-ADJP
more RBR I-ADJP
picky JJ I-ADJP
about IN B-PP
who WP B-NP
can MD B-VP
fly VB I-VP
on IN B-PP
the DT B-NP
cheap NN I-NP
. . O

But CC O
there EX B-NP
still RB B-ADVP
are VBP B-VP
a DT B-NP
few JJ I-NP
ways NNS I-NP
today NN B-NP
's POS B-NP
traveler NN I-NP
can MD B-VP
qualify VB I-VP
under IN B-PP
the DT B-NP
airline NN I-NP
's POS B-NP
many JJ I-NP
restrictions NNS I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
best JJS I-NP
deals NNS I-NP
, , O
though RB B-ADVP
, , O
may MD B-VP
mean VB I-VP
skipping VBG I-VP
Christmas NNP B-NP
dinner NN I-NP
with IN B-PP
the DT B-NP
relatives NNS I-NP
. . O

This DT B-NP
week NN I-NP
, , O
many JJ B-NP
carriers NNS I-NP
are VBP B-VP
announcing VBG I-VP
cut-rate JJ B-NP
fares NNS I-NP
designed VBN B-VP
to TO B-VP
get VB I-VP
people NNS B-NP
to TO B-VP
fly VB I-VP
on IN B-PP
some DT B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
hallowed JJ I-NP
-- : I-NP
and CC I-NP
slowest JJS I-NP
-- : I-NP
days NNS I-NP
of IN B-PP
the DT B-NP
year NN I-NP
, , O
including VBG B-PP
Christmas NNP B-NP
. . O

In IN B-PP
recent JJ B-NP
years NNS I-NP
, , O
the DT B-NP
airlines NNS I-NP
had VBD B-VP
waited VBN I-VP
until IN B-PP
the DT B-NP
last JJ I-NP
moment NN I-NP
to TO B-VP
court VB I-VP
Christmas NNP B-NP
season NN I-NP
vacationers NNS I-NP
with IN B-PP
bargain NN B-NP
fares NNS I-NP
. . O

That DT B-NP
approach NN I-NP
flopped VBD B-VP
: : O
Last NNP B-NP
Christmas NNP I-NP
Day NNP I-NP
, , O
a DT B-NP
USAir NNP I-NP
Group NNP I-NP
Inc. NNP I-NP
DC-9 JJ I-NP
jetliner NN I-NP
flew VBD B-VP
about IN B-NP
seven CD I-NP
passengers NNS I-NP
from IN B-PP
Chicago NNP B-NP
to TO B-PP
Pittsburgh NNP B-NP
. . O

So RB O
this DT B-NP
year NN I-NP
, , O
the DT B-NP
airlines NNS I-NP
are VBP B-VP
getting VBG I-VP
a DT B-NP
jump NN I-NP
on IN B-PP
holiday NN B-NP
discounts NNS I-NP
. . O

They PRP B-NP
are VBP B-VP
cutting VBG I-VP
ticket NN B-NP
prices NNS I-NP
by IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
70 CD I-NP
% NN I-NP
from IN B-PP
normal JJ B-NP
levels NNS I-NP
for IN B-PP
travel NN B-NP
to TO B-PP
most RBS B-NP
U.S. NNP I-NP
locations NNS I-NP
on IN B-PP
Dec. NNP B-NP
24 CD I-NP
, , I-NP
25 CD I-NP
, , I-NP
29 CD I-NP
, , I-NP
30 CD I-NP
and CC I-NP
31 CD I-NP
, , O
and CC O
Jan. NNP B-NP
4 CD I-NP
, , I-NP
5 NN I-NP
and CC I-NP
6 CD I-NP
. . O

The DT B-NP
promotions NNS I-NP
-- : O
dubbed VBN B-VP
everything NN B-NP
from IN B-PP
'T- PRP B-NP
is VBZ B-VP
the DT B-NP
Season NN I-NP
to TO B-VP
be VB I-VP
Jolly JJ B-ADJP
to TO B-PP
Kringle NNP B-NP
fares NNS I-NP
-- : O
put VB B-VP
round-trip JJ B-NP
fares NNS I-NP
at IN B-PP
$ $ B-NP
98 CD I-NP
, , O
$ $ B-NP
148 CD I-NP
and CC O
$ $ B-NP
198 CD I-NP
. . O

`` `` O
They PRP B-NP
're VBP B-VP
trying VBG I-VP
to TO I-VP
keep VB I-VP
planes NNS B-NP
flying VBG B-VP
on IN B-PP
days NNS B-NP
they PRP B-NP
'd MD B-VP
normally RB I-VP
park VB I-VP
them PRP B-NP
, , O
'' '' O
says VBZ B-VP
Roger NNP B-NP
Bard NNP I-NP
, , O
president NN B-NP
of IN B-PP
Mr. NNP B-NP
Mitchell NNP I-NP
Travel NNP I-NP
Service NNP I-NP
in IN B-PP
Burnsville NNP B-NP
, , O
N.C NNP B-NP
. . O

Expect VB B-VP
, , O
of IN B-PP
course NN B-NP
, , O
sky-high JJ B-NP
prices NNS I-NP
on IN B-PP
other JJ B-NP
dates NNS I-NP
near IN B-PP
the DT B-NP
holidays NNS I-NP
when WRB B-ADVP
the DT B-NP
airlines NNS I-NP
know VBP B-VP
vacationers NNS B-NP
are VBP B-VP
eager JJ B-ADJP
to TO B-VP
travel VB I-VP
. . O

Consider VB B-VP
Adopting VBG I-VP
Your PRP$ B-NP
Spouse NN I-NP
's POS B-NP
Name NN I-NP

IF IN B-SBAR
CONTINENTAL NNP B-NP
Airlines NNPS I-NP
has VBZ B-VP
its PRP$ B-NP
way NN I-NP
, , O
couples NNS B-NP
like IN B-PP
Marlo NNP B-NP
Thomas NNP I-NP
and CC O
Phil NNP B-NP
Donahue NNP I-NP
may MD B-VP
find VB I-VP
it PRP B-NP
a DT B-NP
hassle NN I-NP
to TO B-VP
qualify VB I-VP
for IN B-PP
some DT B-NP
new JJ I-NP
discounts NNS I-NP
. . O

Continental NNP B-NP
, , O
a DT B-NP
Texas NNP I-NP
Air NNP I-NP
Corp. NNP I-NP
unit NN I-NP
, , O
recently RB B-ADVP
unveiled VBD B-VP
a DT B-NP
marketing NN I-NP
program NN I-NP
offering NN B-VP
free JJ B-NP
companion NN I-NP
tickets NNS I-NP
to TO B-PP
business-class JJ B-NP
and CC I-NP
first-class JJ I-NP
passengers NNS I-NP
on IN B-PP
international JJ B-NP
flights NNS I-NP
. . O

The DT B-NP
Continental NNP I-NP
catch NN I-NP
: : O
Only RB B-NP
immediate JJ I-NP
family NN I-NP
members NNS I-NP
are VBP B-VP
allowed VBN I-VP
, , O
and CC O
they PRP B-NP
must MD B-VP
have VB I-VP
the DT B-NP
same JJ I-NP
last JJ I-NP
name NN I-NP
as IN B-PP
the DT B-NP
buyer NN I-NP
of IN B-PP
the DT B-NP
ticket NN I-NP
or CC O
legal JJ B-NP
proof NN I-NP
they PRP B-NP
're VBP B-VP
related VBN B-ADJP
. . O

That DT B-NP
irritates VBZ B-VP
many JJ B-NP
women NNS I-NP
who WP B-NP
have VBP B-VP
n't RB I-VP
taken VBN I-VP
their PRP$ B-NP
husbands NNS I-NP
' POS B-NP
last JJ I-NP
name NN I-NP
. . O

`` `` O
What WP B-NP
a DT B-NP
bunch NN I-NP
of IN B-PP
nonsense NN B-NP
, , O
'' '' O
says VBZ B-VP
Jessica NNP B-NP
Crosby NNP I-NP
, , O
president NN B-NP
of IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
chapter NN I-NP
of IN B-PP
the DT B-NP
National NNP I-NP
Association NNP I-NP
of IN B-PP
Women NNP B-NP
Business NNP I-NP
Owners NNS I-NP
. . O

`` `` O
This DT B-NP
sets NNS B-VP
things NNS B-NP
way NN B-ADVP
back RB I-ADVP
. . O
'' '' O

Continental NNP B-NP
's POS B-NP
logic NN I-NP
: : O
It PRP B-NP
does VBZ B-VP
n't RB I-VP
want VB I-VP
business NN B-NP
companions NNS I-NP
abusing VBG B-VP
the DT B-NP
promotion NN I-NP
by IN B-PP
falsely RB B-VP
claiming VBG I-VP
to TO I-VP
be VB I-VP
related VBN B-ADJP
. . O

`` `` O
We PRP B-NP
accommodate VBP B-VP
their PRP$ B-NP
choice NN I-NP
of IN B-PP
names NNS B-NP
by IN B-PP
allowing VBG B-VP
them PRP B-NP
to TO B-VP
demonstrate VB I-VP
'' '' O
family NN B-NP
affiliation NN I-NP
with IN B-PP
legal JJ B-NP
documents NNS I-NP
, , O
says VBZ B-VP
Jim NNP B-NP
O'Donnell NNP I-NP
, , O
a DT B-NP
senior JJ I-NP
vice NN I-NP
president NN I-NP
. . O

But CC O
gay JJ B-NP
rights NNS I-NP
advocates NNS I-NP
are VBP B-VP
angry JJ B-ADJP
, , O
too RB B-ADVP
. . O

The DT B-NP
Lambda NNP I-NP
Legal NNP I-NP
Defense NNP I-NP
and CC I-NP
Education NNP I-NP
Fund NNP I-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
City NNP I-NP
has VBZ B-VP
received VBN I-VP
complaints NNS B-NP
from IN B-PP
homosexual JJ B-NP
couples NNS I-NP
whom WP B-NP
the DT B-NP
airline NN I-NP
does VBZ B-VP
n't RB I-VP
recognize VB I-VP
as IN B-PP
family NN B-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
certainly RB B-ADVP
discrimination NN B-NP
, , O
'' '' O
says VBZ B-VP
attorney NN B-NP
Evan NNP I-NP
Wolfson NNP I-NP
, , O
whose WP$ B-NP
group NN I-NP
forced VBN B-VP
Trans NNP B-NP
World NNP I-NP
Airlines NNPS I-NP
this DT B-NP
year NN I-NP
to TO B-VP
change VB I-VP
a DT B-NP
rule NN I-NP
that WDT B-NP
allowed VBD B-VP
travelers NNS B-NP
to TO B-VP
transfer VB I-VP
frequent JJ B-NP
flier NN I-NP
awards NNS I-NP
only RB B-ADVP
to TO B-PP
family NN B-NP
members NNS I-NP
. . O

Take VB B-VP
Your PRP$ B-NP
Vacation NN I-NP
In IN B-PP
a DT B-NP
Hurricane NNP I-NP
Area NNP I-NP

WHEN WRB B-ADVP
HURRICANE NNP B-NP
Hugo NNP I-NP
careened VBD B-VP
through IN B-PP
the DT B-NP
Caribbean NNP I-NP
and CC O
the DT B-NP
Atlantic NNP I-NP
coast NN I-NP
states NNS I-NP
, , O
it PRP B-NP
downed VBD B-VP
electric NN B-NP
and CC I-NP
telephone NN I-NP
lines NNS I-NP
, , O
shot NN B-VP
coconuts NNS B-NP
through IN B-PP
cottage NN B-NP
rooftops NNS I-NP
, , O
shattered VBN B-VP
windows NNS B-NP
and CC O
uprooted VBN B-VP
thousands NNS B-NP
of IN B-PP
lives NNS B-NP
. . O

It PRP B-NP
also RB B-ADVP
lowered VBD B-VP
some DT B-NP
air NN I-NP
fares NNS I-NP
. . O

Since IN B-PP
the DT B-NP
hurricane NN I-NP
, , O
Midway NNP B-NP
Airlines NNP I-NP
Inc. NNP I-NP
and CC O
American NNP B-NP
Airlines NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
AMR NNP B-NP
Corp. NNP I-NP
, , O
trimmed VBD B-VP
their PRP$ B-NP
one-way JJ I-NP
fares NNS I-NP
to TO B-PP
the DT B-NP
Virgin NNP I-NP
Islands NNPS I-NP
to TO B-PP
$ $ B-NP
109 CD I-NP
from IN B-PP
prices NNS B-NP
that WDT B-NP
were VBD B-VP
at IN B-PP
times NNS B-NP
double JJ B-NP
that IN I-NP
before IN B-PP
the DT B-NP
storm NN I-NP
. . O

The DT B-NP
fares NNS I-NP
are VBP B-VP
code-named VBN I-VP
Hugo NNP B-NP
, , O
Compassion NNP B-NP
and CC O
Virgin NNP B-NP
Islands NNP I-NP
Aid NNP I-NP
. . O

-LRB- ( O
Airlines NNPS B-NP
are VBP B-VP
n't RB I-VP
lowering VBG I-VP
fares NNS B-NP
to TO B-PP
Northern NNP B-NP
California NNP I-NP
following VBG B-PP
this DT B-NP
week NN I-NP
's POS B-NP
earthquake NN I-NP
, , O
but CC O
reservation NN B-NP
agents NNS I-NP
can MD B-VP
waive VB I-VP
advance-purchase JJ B-NP
restrictions NNS I-NP
on IN B-PP
discount NN B-NP
fares NNS I-NP
for IN B-PP
emergency NN B-NP
trips NNS I-NP
. . O
-RRB- ) O

Some DT B-NP
hotels NNS I-NP
in IN B-PP
the DT B-NP
hurricane-stricken JJ I-NP
Caribbean NNP I-NP
promise NN B-VP
money-back JJ B-NP
guarantees NNS I-NP
. . O

In IN B-PP
Myrtle NNP B-NP
Beach NNP I-NP
, , O
S.C. NNP B-NP
, , O
the DT B-NP
damaged VBN I-NP
Yachtsman NNP I-NP
Resort NNP I-NP
offers VBZ B-VP
daily JJ B-NP
rates NNS I-NP
as RB B-ADJP
low JJ I-ADJP
as IN B-PP
$ $ B-NP
35 CD I-NP
, , O
or CC O
as RB B-NP
much JJ I-NP
as IN I-NP
22 CD I-NP
% NN I-NP
below IN B-PP
regular JJ B-NP
prices NNS I-NP
. . O

Says VBZ B-VP
Michele NNP B-NP
Hoffman NNP I-NP
, , O
a DT B-NP
clerk NN I-NP
in IN B-PP
the DT B-NP
resort NN I-NP
's POS B-NP
front NN I-NP
office NN I-NP
: : O
`` `` O
We PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
the DT B-NP
outdoor JJ I-NP
pool NN I-NP
, , O
the DT B-NP
pool NN I-NP
table NN I-NP
, , I-NP
ping NN I-NP
pong NN I-NP
table NN I-NP
, , I-NP
snack NN I-NP
bar NN I-NP
or CC I-NP
VCR NNP I-NP
, , O
but CC O
we PRP B-NP
still RB B-ADVP
have VBP B-VP
the DT B-NP
indoor JJ I-NP
pool NN I-NP
and CC I-NP
Jacuzzi NNP I-NP
. . O
'' '' O

Just RB B-ADVP
Wait VB B-VP
Until IN B-SBAR
You PRP B-NP
're VBP B-VP
a DT B-NP
Bit NN I-NP
Older JJR B-ADJP

SENIOR JJ B-NP
CITIZENS NNS I-NP
have VBP B-VP
long RB I-VP
received VBN I-VP
cheap JJ B-NP
air NN I-NP
fares NNS I-NP
. . O

This DT B-NP
year NN I-NP
, , O
the DT O
older JJR O
someone NN B-NP
is VBZ B-VP
the DT O
bigger JJR O
the DT B-NP
discount NN I-NP
. . O

A DT B-NP
senior JJ I-NP
citizen NN I-NP
between IN B-PP
62 CD B-NP
and CC I-NP
70 CD I-NP
saves VBZ B-VP
70 CD B-NP
% NN I-NP
off IN B-PP
regular JJ B-NP
coach NN I-NP
fare NN I-NP
. . O

Travelers NNS B-NP
up IN B-PP
to TO B-PP
age NN B-NP
99 CD I-NP
get VB B-VP
a DT B-NP
percentage NN I-NP
discount NN I-NP
matching VBG B-VP
their PRP$ B-NP
age NN I-NP
. . O

And CC O
centenarians NNS B-NP
fly VBP B-VP
free JJ B-ADVP
in IN B-PP
first JJ B-NP
class NN I-NP
. . O

Next JJ B-NP
month NN I-NP
, , O
Northwest NNP B-NP
Airlines NNPS I-NP
says VBZ B-VP
, , O
a DT B-NP
108-year-old NNP I-NP
Lansing NNP I-NP
, , I-NP
Mich. NNP I-NP
, , I-NP
woman NN I-NP
is VBZ B-VP
taking VBG I-VP
it PRP B-NP
up IN B-PRT
on IN B-PP
the DT B-NP
offer NN I-NP
to TO B-VP
fly VB I-VP
with IN B-PP
her PRP$ B-NP
72-year-old JJ I-NP
son NN I-NP
to TO B-PP
Tampa NNP B-NP
, , O
Fla NNP B-NP
. . O

Last JJ B-NP
year NN I-NP
when WRB B-ADVP
Northwest NNP B-NP
first RB B-ADVP
offered VBN B-VP
the DT B-NP
promotion NN I-NP
, , O
only RB B-NP
six CD I-NP
centenarians NNS I-NP
flew VBD B-VP
free JJ B-ADVP
. . O

If IN B-SBAR
All DT B-NP
Else RB I-NP
Fails VBZ B-VP
... : O
. . O

THE DT B-NP
NATION'S NN I-NP
carriers NNS I-NP
also RB B-ADVP
provide VBP B-VP
discounts NNS B-NP
to TO B-PP
Red NNP B-NP
Cross NNP I-NP
workers NNS I-NP
, , O
retired VBN B-NP
military JJ I-NP
personnel NNS I-NP
and CC O
medical JJ B-NP
students NNS I-NP
. . O

There EX B-NP
's VBZ B-VP
even RB B-ADVP
a DT B-NP
special JJ I-NP
fare NN I-NP
for IN B-PP
clergy NN B-NP
that WDT B-NP
does VBZ B-VP
n't RB I-VP
require VB I-VP
the DT B-NP
usual JJ I-NP
stay NN I-NP
over IN B-PP
Saturday NNP B-NP
night NN I-NP
. . O

That DT B-NP
way NN I-NP
, , O
they PRP B-NP
can MD B-VP
be VB I-VP
home NN B-NP
in IN B-PP
time NN B-NP
for IN B-PP
work NN B-NP
Sunday NNP B-NP
. . O

The DT B-NP
British NNP I-NP
Petroleum NNP I-NP
Co. NNP I-NP
PLC NNP I-NP
said VBD B-VP
its PRP$ B-NP
BP NNP I-NP
Exploration NNP I-NP
unit NN I-NP
has VBZ B-VP
produced VBN I-VP
the DT B-NP
first JJ I-NP
oil NN I-NP
from IN B-PP
its PRP$ B-NP
Don NNP I-NP
oilfield NN I-NP
in IN B-PP
the DT B-NP
North NNP I-NP
Sea NNP I-NP
. . O

In IN B-PP
an DT B-NP
official JJ I-NP
release NN I-NP
, , O
BP NNP B-NP
said VBD B-VP
initial JJ B-NP
production NN I-NP
from IN B-PP
the DT B-NP
field NN I-NP
was VBD B-VP
11,000 CD B-NP
barrels NNS I-NP
a DT B-NP
day NN I-NP
, , O
and CC O
that IN B-SBAR
it PRP B-NP
expects VBZ B-VP
peak NN B-NP
output NN I-NP
from IN B-PP
the DT B-NP
field NN I-NP
of IN B-PP
15,000 CD B-NP
barrels NNS I-NP
a DT B-NP
day NN I-NP
to TO B-VP
be VB I-VP
reached VBN I-VP
in IN B-PP
1990 CD B-NP
. . O

As IN B-PP
the DT B-NP
sponsor NN I-NP
of IN B-PP
the DT O
`` `` O
Older JJR O
Americans NNP O
Freedom NNP O
to TO B-PP
Work VB B-NP
Act NNP B-NP
, , O
'' '' O
which WDT B-NP
would MD B-VP
repeal VB I-VP
the DT B-NP
Social NNP I-NP
Security NNP I-NP
earnings NNS I-NP
limit NN I-NP
for IN B-PP
people NNS B-NP
aged VBN B-VP
65 CD B-NP
and CC O
older JJR B-ADJP
, , O
I PRP B-NP
applaud VBP B-VP
your PRP$ B-NP
strong JJ I-NP
endorsement NN I-NP
to TO B-VP
repeal VB I-VP
this DT B-NP
Depression-era JJ I-NP
fossil NN I-NP
. . O

For IN B-PP
every DT B-NP
dollar NN I-NP
earned VBD B-VP
over IN B-PP
$ $ B-NP
8,880 CD I-NP
, , O
Social NNP B-NP
Security NNP I-NP
recipients NNS I-NP
lose VBP B-VP
50 CD B-NP
cents NNS I-NP
of IN B-PP
their PRP$ B-NP
Social NNP I-NP
Security NNP I-NP
benefits NNS I-NP
; : O
it PRP B-NP
's VBZ B-VP
like IN B-PP
a DT B-NP
50 CD I-NP
% NN I-NP
marginal JJ I-NP
tax NN I-NP
. . O

But CC O
the DT B-NP
compounded VBN I-NP
effects NNS I-NP
of IN B-PP
`` `` B-NP
seniors NNS I-NP
only RB I-NP
'' '' I-NP
taxes NNS I-NP
result VBP B-VP
in IN B-PP
truly RB B-NP
catastrophic JJ I-NP
marginal JJ I-NP
tax NN I-NP
rates NNS I-NP
. . O

Imagine VB B-VP
a DT B-NP
widow NN I-NP
who WP B-NP
wants VBZ B-VP
to TO I-VP
maintain VB I-VP
her PRP$ B-NP
standard NN I-NP
of IN B-PP
living VBG B-NP
at IN B-PP
the DT B-NP
same JJ I-NP
level NN I-NP
she PRP B-NP
had VBD B-VP
before IN B-SBAR
she PRP B-NP
had VBD B-VP
to TO I-VP
pay VB I-VP
the DT B-NP
catastrophic JJ I-NP
surtax NN I-NP
. . O

Although IN B-SBAR
this DT B-NP
widow NN I-NP
earns VBZ B-VP
only RB B-NP
twice RB I-NP
the DT I-NP
minimum JJ I-NP
wage NN I-NP
, , O
largely RB B-ADVP
due JJ B-PP
to TO B-PP
the DT B-NP
earnings NNS I-NP
limit NN I-NP
, , O
she PRP B-NP
would MD B-VP
have VB I-VP
to TO I-VP
earn VB I-VP
an DT B-NP
additional JJ I-NP
$ $ I-NP
4,930 CD I-NP
to TO B-VP
offset VB I-VP
her PRP$ B-NP
catastrophic JJ I-NP
surtax NN I-NP
of IN B-PP
$ $ B-NP
496 CD I-NP
. . O

Eliminating VBG B-VP
the DT B-NP
earnings NNS I-NP
limit NN I-NP
would MD B-VP
greatly RB I-VP
help VB I-VP
seniors NNS B-NP
and CC O
reduce VB B-VP
the DT B-NP
deficit NN I-NP
. . O

Repeal NN B-NP
would MD B-VP
generate VB I-VP
more JJR B-NP
in IN B-PP
new JJ B-NP
taxes NNS I-NP
than IN B-SBAR
the DT B-NP
government NN I-NP
would MD B-VP
lose VB I-VP
in IN B-PP
increased VBN B-NP
Social NNP I-NP
Security NNP I-NP
benefit NN I-NP
payments NNS I-NP
. . O

We PRP B-NP
now JJ B-ADVP
need NN B-VP
support NN B-NP
from IN B-PP
the DT B-NP
Democrats NNPS I-NP
on IN B-PP
the DT B-NP
Rules NNP I-NP
Committee NNP I-NP
in IN B-SBAR
order NN O
to TO B-VP
include VB I-VP
earnings-limit JJ B-NP
reform NN I-NP
in IN B-PP
the DT B-NP
Reconciliation NNP I-NP
Bill NNP I-NP
. . O

Since IN B-SBAR
all DT B-NP
four CD I-NP
Republicans NNPS I-NP
on IN B-PP
the DT B-NP
committee NN I-NP
are VBP B-VP
co-sponsors NNS B-NP
of IN B-PP
my PRP$ B-NP
bill NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
the DT B-NP
Democrats NNPS I-NP
who WP B-NP
will MD B-VP
be VB I-VP
held VBN I-VP
fully RB B-ADJP
accountable JJ I-ADJP
if IN B-SBAR
an DT B-NP
earnings NNS I-NP
test NN I-NP
amendment NN I-NP
is VBZ B-VP
not RB I-VP
allowed VBN I-VP
from IN B-PP
the DT B-NP
floor NN I-NP
. . O

The DT B-NP
time NN I-NP
is VBZ B-VP
now RB B-ADVP
to TO B-VP
lift VB I-VP
the DT B-NP
burdensome JJ I-NP
Social NNP I-NP
Security NNP I-NP
earnings NNS I-NP
limit NN I-NP
from IN B-PP
the DT B-NP
backs NNS I-NP
of IN B-PP
our PRP$ B-NP
nation NN I-NP
's POS B-NP
seniors NNS I-NP
. . O

Rep. NNP B-NP
J. NNP I-NP
Dennis NNP I-NP
Hastert NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Ill NNP B-NP
. . O
-RRB- ) O

When WRB B-ADVP
his PRP$ B-NP
Seventh NNP I-NP
Avenue NNP I-NP
fur NN I-NP
business NN I-NP
here RB B-ADVP
was VBD B-VP
flying VBG I-VP
high JJ B-ADVP
20 CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
Jack NNP B-NP
Purnick NNP I-NP
had VBD B-VP
25 CD B-NP
workers NNS I-NP
and CC O
a DT B-NP
large JJ I-NP
factory NN I-NP
. . O

Now RB B-ADVP
his PRP$ B-NP
half-dozen NN I-NP
employees NNS I-NP
work VBP B-VP
in IN B-PP
an DT B-NP
eighth-floor JJ I-NP
shop NN I-NP
that IN B-NP
he PRP B-NP
says VBZ B-VP
is VBZ B-VP
smaller JJR B-ADJP
than IN B-PP
his PRP$ B-NP
old JJ I-NP
storage NN I-NP
room NN I-NP
. . O

He PRP B-NP
also RB B-ADVP
says VBZ B-VP
he PRP B-NP
is VBZ B-VP
losing VBG I-VP
money NN B-NP
now RB B-ADVP
. . O

He PRP B-NP
blames VBZ B-VP
imports NNS B-NP
. . O

But CC O
just RB B-ADVP
down RB I-ADVP
Seventh NNP B-NP
Avenue NNP I-NP
, , O
where WRB B-ADVP
about IN B-NP
75 CD I-NP
% NN I-NP
of IN B-PP
U.S. NNP B-NP
fur NN I-NP
garments NNS I-NP
are VBP B-VP
made VBN I-VP
, , O
Larry NNP B-NP
Rosen NNP I-NP
has VBZ B-VP
acquired VBN I-VP
two CD B-NP
retail JJ I-NP
outlets NNS I-NP
, , O
broadened VBD B-VP
his PRP$ B-NP
fur-making JJ I-NP
line NN I-NP
and CC O
expanded VBN B-VP
into IN B-PP
leather NN B-NP
. . O

He PRP B-NP
credits VBZ B-VP
imports NNS B-NP
. . O

The DT B-NP
difference NN I-NP
lies VBZ B-VP
in IN B-PP
how WRB B-ADVP
the DT B-NP
two CD I-NP
entrepreneurial JJ I-NP
furriers NNS I-NP
reacted VBD B-VP
to TO B-PP
the DT B-NP
foreign JJ I-NP
competition NN I-NP
and CC I-NP
transformation NN I-NP
of IN B-PP
their PRP$ B-NP
industry NN I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
10 CD I-NP
years NNS I-NP
. . O

One CD B-NP
stuck VBN B-VP
to TO B-PP
old-line JJ B-NP
business NN I-NP
traditions NNS I-NP
, , O
while IN B-SBAR
the DT B-NP
other JJ I-NP
embraced VBN B-VP
the DT B-NP
change NN I-NP
. . O

`` `` O
The DT B-NP
small JJ I-NP
, , I-NP
good JJ I-NP
fur NN I-NP
salon NN I-NP
is VBZ B-VP
not RB O
what WP B-NP
it PRP B-NP
used VBD B-VP
to TO I-VP
be VB I-VP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Purnick NNP I-NP
, , O
75 CD B-NP
years NNS I-NP
old JJ B-ADJP
. . O

`` `` O
We PRP B-NP
make VBP B-VP
the DT B-NP
finest JJS I-NP
product NN I-NP
in IN B-PP
the DT B-NP
world NN I-NP
, , O
and CC O
the DT B-NP
Americans NNPS I-NP
are VBP B-VP
being VBG I-VP
kicked VBN I-VP
around IN B-PRT
. . O
'' '' O

Mr. NNP B-NP
Rosen NNP I-NP
, , O
though RB B-ADVP
, , O
believes VBZ B-VP
imports NNS B-NP
have VBP B-VP
reinvigorated VBN I-VP
the DT B-NP
industry NN I-NP
in IN B-PP
which WDT B-NP
he PRP B-NP
has VBZ B-VP
worked VBN I-VP
for IN B-PP
most RBS B-NP
of IN B-PP
his PRP$ B-NP
57 CD I-NP
years NNS I-NP
. . O

`` `` O
You PRP B-NP
've VBP B-VP
got VBD I-VP
some DT B-NP
minds NNS I-NP
here RB B-ADVP
that WDT B-NP
wo MD B-VP
n't RB I-VP
think VB I-VP
progressively RB B-ADVP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Import NN B-NP
competition NN I-NP
for IN B-PP
U.S. NNP B-NP
furs NNS I-NP
has VBZ B-VP
risen VBN I-VP
sharply RB B-ADVP
since IN B-SBAR
furriers NNS B-NP
started VBD B-VP
aggressively RB I-VP
marketing VBG I-VP
`` `` O
working-girl NN B-NP
mink NN I-NP
'' '' O
and CC O
similar JJ B-NP
lower-priced JJ I-NP
imported VBN I-NP
furs NNS I-NP
in IN B-PP
recent JJ B-NP
years NNS I-NP
. . O

Merchants NNP B-NP
discovered VBD B-VP
a DT B-NP
consumer NN I-NP
largely RB B-VP
ignored VBD I-VP
by IN B-PP
higher-priced JJ B-NP
furriers NNS I-NP
: : O
the DT B-NP
younger JJR I-NP
woman NN I-NP
-- : O
even RB B-ADVP
in IN B-PP
her PRP$ B-NP
late JJ I-NP
20s CD I-NP
-- : O
who WP B-NP
never RB B-ADVP
thought VBD B-VP
she PRP B-NP
could MD B-VP
buy VB I-VP
a DT B-NP
mink NN I-NP
. . O

The DT B-NP
new JJ I-NP
market NN I-NP
helped VBD B-VP
boost VB I-VP
U.S. NNP B-NP
fur NN I-NP
sales NNS I-NP
to TO B-PP
about RB B-NP
$ $ I-NP
1.8 CD I-NP
billion CD I-NP
a DT B-NP
year NN I-NP
now RB B-ADVP
, , O
triple VB B-NP
the DT I-NP
level NN I-NP
in IN B-PP
the DT B-NP
late JJ I-NP
1970s NNS I-NP
. . O

It PRP B-NP
also RB B-ADVP
opened VBD B-VP
the DT B-NP
door NN I-NP
to TO B-PP
furs NNS B-NP
made VBN B-VP
in IN B-PP
South NNP B-NP
Korea NNP I-NP
, , O
China NNP B-NP
, , O
Hong NNP B-NP
Kong NNP I-NP
and CC O
other JJ B-NP
countries NNS I-NP
. . O

Jindo NNP B-NP
Furs NNP I-NP
, , O
a DT B-NP
large JJ I-NP
South JJ I-NP
Korean JJ I-NP
maker NN I-NP
, , O
says VBZ B-VP
it PRP B-NP
operates VBZ B-VP
35 CD B-NP
retail JJ I-NP
outlets NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC O
plans NNS B-VP
to TO I-VP
open VB I-VP
15 CD B-NP
more JJR I-NP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
next JJ B-NP
year NN I-NP
. . O

Mr. NNP B-NP
Purnick NNP I-NP
and CC O
other JJ B-NP
old-line JJ I-NP
furriers NNS I-NP
call VBP B-VP
many NN B-NP
of IN B-PP
the DT B-NP
the DT I-NP
imports NNS I-NP
unstylish JJ B-ADJP
and CC O
poorly RB B-ADJP
made VBN I-ADJP
. . O

High-end JJ B-NP
U.S. NNP I-NP
furriers NNS I-NP
say VBP B-VP
these DT B-NP
imports NNS I-NP
have VBP B-VP
n't RB I-VP
squeezed VBN I-VP
them PRP B-NP
. . O

But CC O
low-priced JJ B-NP
and CC I-NP
middle-priced JJ I-NP
furriers NNS I-NP
like IN B-PP
Mr. NNP B-NP
Purnick NNP I-NP
, , O
who WP B-NP
once RB B-ADVP
saturated VBN B-VP
the DT B-NP
five-block JJ I-NP
Seventh NNP I-NP
Avenue NNP I-NP
fur NN I-NP
district NN I-NP
, , O
say VBP B-VP
imports NNS B-NP
have VBP B-VP
cut VBN I-VP
their PRP$ B-NP
sales NNS I-NP
. . O

A DT B-NP
woman NN I-NP
who WP B-NP
once RB B-ADVP
would MD B-VP
have VB I-VP
saved VBN I-VP
for IN B-PP
two CD B-NP
or CC I-NP
three CD I-NP
seasons NNS I-NP
to TO B-VP
buy VB I-VP
a DT B-NP
U.S.-made JJ I-NP
mink NN I-NP
can MD B-VP
now RB I-VP
get VB I-VP
an DT B-NP
imported VBN I-NP
mink NN I-NP
right RB B-ADVP
away RB I-ADVP
for IN B-PP
less JJR B-NP
than IN I-NP
$ $ I-NP
2,000 CD I-NP
. . O

Yet RB O
Mr. NNP B-NP
Rosen NNP I-NP
has VBZ B-VP
turned VBN I-VP
the DT B-NP
import NN I-NP
phenomenon NN I-NP
to TO B-PP
his PRP$ B-NP
advantage NN I-NP
. . O

Early RB B-ADVP
in IN B-PP
the DT B-NP
decade NN I-NP
he PRP B-NP
saw VBD B-VP
that IN B-SBAR
fur NN B-NP
workers NNS I-NP
in IN B-PP
many JJ B-NP
foreign JJ I-NP
countries NNS I-NP
were VBD B-VP
willing JJ B-ADJP
to TO B-VP
work VB I-VP
longer RB B-NP
hours VBZ I-NP
at IN B-PP
lower JJR B-NP
wages NNS I-NP
than IN B-PP
their PRP$ B-NP
American JJ I-NP
counterparts NNS I-NP
and CC O
were VBD B-VP
more RBR B-ADJP
open JJ I-ADJP
to TO B-PP
innovation NN B-NP
. . O

In IN B-PP
1982 CD B-NP
, , O
he PRP B-NP
started VBD B-VP
a DT B-NP
factory NN I-NP
in IN B-PP
Greece NNP B-NP
. . O

Two CD B-NP
years NNS I-NP
later RB B-ADVP
, , O
he PRP B-NP
opened VBD B-VP
one CD B-NP
in IN B-PP
West NNP B-NP
Germany NNP I-NP
. . O

He PRP B-NP
also RB B-ADVP
noticed VBD B-VP
that IN B-SBAR
foreign JJ B-NP
makers NNS I-NP
were VBD B-VP
introducing VBG I-VP
many JJ B-NP
variations NNS I-NP
on IN B-PP
the DT B-NP
traditional JJ I-NP
fur NN I-NP
, , O
and CC O
he PRP B-NP
decided VBD B-VP
to TO I-VP
follow VB I-VP
suit NN B-NP
. . O

By IN B-PP
combining VBG B-VP
his PRP$ B-NP
strengths NNS I-NP
in IN B-PP
innovation NN B-NP
and CC O
quality NN B-NP
control NN I-NP
with IN B-PP
the DT B-NP
lower JJR I-NP
costs NNS I-NP
of IN B-PP
production NN B-NP
abroad RB I-NP
, , O
he PRP B-NP
says VBZ B-VP
he PRP B-NP
has VBZ B-VP
been VBN I-VP
able JJ B-ADJP
to TO B-VP
produce VB I-VP
high-quality JJ B-NP
goods NNS I-NP
at IN B-PP
low JJ B-NP
cost NN I-NP
. . O

To TO B-VP
maintain VB I-VP
control NN B-NP
over IN B-PP
production NN B-NP
and CC O
avoid VB B-VP
overdependence NN B-NP
on IN B-PP
foreign JJ B-NP
sources NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
he PRP B-NP
still RB B-ADVP
makes VBZ B-VP
most RBS B-NP
of IN B-PP
his PRP$ B-NP
furs NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

But CC O
six CD B-NP
years NNS I-NP
ago RB B-ADVP
he PRP B-NP
also RB B-ADVP
began VBD B-VP
importing VBG I-VP
from IN B-PP
the DT B-NP
Far NNP I-NP
East NNP I-NP
. . O

Inspired VBN B-VP
by IN B-PP
imports NNS B-NP
, , O
Mr. NNP B-NP
Rosen NNP I-NP
now RB B-ADVP
makes VBZ B-VP
fur NN B-NP
muffs NNS I-NP
, , I-NP
hats NNS I-NP
and CC I-NP
flings NNS I-NP
. . O

This DT B-NP
year NN I-NP
he PRP B-NP
produced VBD B-VP
a DT B-NP
men NNS I-NP
's POS B-NP
line NN I-NP
and CC O
offers VBZ B-VP
dyed VBN B-NP
furs NNS I-NP
in IN B-PP
red JJ B-NP
, , O
cherry JJ B-NP
red NN I-NP
, , O
violet NN B-NP
, , O
royal JJ B-NP
blue NN I-NP
and CC O
forest NN B-NP
green JJ I-NP
. . O

He PRP B-NP
has VBZ B-VP
leather NN B-NP
jackets NNS I-NP
from IN B-PP
Turkey NNP B-NP
that WDT B-NP
are VBP B-VP
lined VBN I-VP
with IN B-PP
eel NN B-NP
skin NN I-NP
and CC O
topped VBD B-VP
off IN B-PRT
with IN B-PP
raccoon-skin JJ B-NP
collars NNS I-NP
. . O

From IN B-PP
Asia NNP B-NP
, , O
he PRP B-NP
has VBZ B-VP
mink NN B-NP
jackets NNS I-NP
with IN B-PP
floral JJ B-NP
patterns NNS I-NP
made VBN B-VP
by IN B-PP
using VBG B-VP
different JJ B-NP
colored JJ I-NP
furs NNS I-NP
. . O

Next JJ B-ADVP
he PRP B-NP
will MD B-VP
be VB I-VP
testing NN I-VP
pictured VBD B-NP
embroidery NN I-NP
-LRB- ( O
called VBN B-VP
kalega NN B-NP
-RRB- ) O
made VBN B-VP
in IN B-PP
the DT B-NP
Far NNP I-NP
East NNP I-NP
. . O

He PRP B-NP
plans VBZ B-VP
to TO I-VP
attach VB I-VP
the DT B-NP
embroidery NN I-NP
to TO B-PP
the DT B-NP
backs NNS I-NP
of IN B-PP
mink NN B-NP
coats NNS I-NP
and CC I-NP
jackets NNS I-NP
. . O

Besides IN B-PP
adding VBG B-VP
to TO B-PP
sales NNS B-NP
, , O
leathers NNS B-NP
also RB B-ADVP
attract VBP B-VP
retailers NNS B-NP
who WP B-NP
may MD B-VP
buy VB I-VP
furs NNS B-NP
later RB B-ADVP
, , O
he PRP B-NP
adds VBZ B-VP
. . O

Other JJ B-NP
furriers NNS I-NP
have VBP B-VP
also RB I-VP
benefited VBN I-VP
from IN B-PP
leathers NNS B-NP
. . O

Seymour NNP B-NP
Schreibman NNP I-NP
, , O
the DT B-NP
65-year-old JJ I-NP
owner NN I-NP
of IN B-PP
Schreibman NNP B-NP
Raphael NNP I-NP
Furs NNP I-NP
Inc. NNP I-NP
, , O
treats VBZ B-VP
the DT B-NP
reverse NN I-NP
side NN I-NP
of IN B-PP
a DT B-NP
Persian NNP I-NP
lambskin NN I-NP
to TO B-VP
produce VB I-VP
a DT B-NP
reversible JJ I-NP
fur-and-leather JJ I-NP
garment NN I-NP
. . O

He PRP B-NP
says VBZ B-VP
it PRP B-NP
accounts VBZ B-VP
for IN B-PP
25 CD B-NP
% NN I-NP
of IN B-PP
total JJ B-NP
sales NNS I-NP
. . O

Mr. NNP B-NP
Rosen NNP I-NP
is VBZ B-VP
also RB I-VP
pushing VBG I-VP
retail JJ B-NP
sales NNS I-NP
. . O

This DT B-NP
year NN I-NP
he PRP B-NP
bought VBD B-VP
two CD B-NP
stores NNS I-NP
, , O
one CD B-NP
in IN B-PP
Brooklyn NNP B-NP
and CC O
one CD B-NP
in IN B-PP
Queens NNP B-NP
. . O

Other JJ B-NP
furriers NNS I-NP
have VBP B-VP
also RB I-VP
placed VBN I-VP
more JJR B-NP
weight NN I-NP
on IN B-PP
retailing NN B-NP
. . O

Golden NNP B-NP
Feldman NNP I-NP
Furs NNP I-NP
Inc. NNP I-NP
began VBD B-VP
retailing NN I-VP
aggressively RB B-ADVP
eight CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
and CC O
now RB B-ADVP
retail JJ B-NP
sales NNS I-NP
account NN B-VP
for IN B-PP
about IN B-NP
20 CD I-NP
% NN I-NP
of IN B-PP
gross JJ B-NP
income NN I-NP
. . O

In IN B-PP
other JJ B-NP
moves NNS I-NP
, , O
Mr. NNP B-NP
Rosen NNP I-NP
says VBZ B-VP
he PRP B-NP
bought VBD B-VP
a DT B-NP
truck NN I-NP
three CD B-NP
years NNS I-NP
ago RB B-ADVP
to TO B-VP
reach VB I-VP
more JJR B-NP
retailers NNS I-NP
. . O

Since IN B-PP
then RB B-NP
he PRP B-NP
has VBZ B-VP
expanded VBN I-VP
his PRP$ B-NP
fleet NN I-NP
and CC O
can MD B-VP
now RB I-VP
bring VB I-VP
his PRP$ B-NP
furs NNS I-NP
to TO B-PP
the DT B-NP
front NN I-NP
door NN I-NP
of IN B-PP
retailers NNS B-NP
as IN B-ADJP
far RB I-ADJP
away RB I-ADJP
as IN B-PP
the DT B-NP
Midwest NNP I-NP
. . O

Small JJ B-NP
retailers NNS I-NP
who WP B-NP
ca MD B-VP
n't RB I-VP
afford VB I-VP
to TO I-VP
travel VB I-VP
to TO B-PP
his PRP$ B-NP
New NNP I-NP
York NNP I-NP
showroom NN I-NP
have VBP B-VP
become VBN I-VP
fair JJ B-NP
game NN I-NP
. . O

Such JJ B-NP
moves NNS I-NP
have VBP B-VP
helped VBN I-VP
Mr. NNP B-NP
Rosen NNP I-NP
weather NN B-VP
the DT B-NP
industry NN I-NP
slump NN I-NP
of IN B-PP
recent JJ B-NP
years NNS I-NP
. . O

The DT B-NP
industry NN I-NP
enjoyed VBD B-VP
six CD B-NP
prosperous JJ I-NP
years NNS I-NP
beginning VBG B-PP
in IN B-PP
1980 CD B-NP
, , O
but CC O
since IN B-PP
1986 CD B-NP
sales NNS B-NP
have NN B-VP
languished VBN I-VP
at IN B-PP
their PRP$ B-NP
$ $ I-NP
1.8 CD I-NP
billion CD I-NP
peak NN I-NP
. . O

Large JJ B-NP
furriers NNS I-NP
such JJ B-PP
as IN I-PP
Antonovich NNP B-NP
Inc. NNP I-NP
, , O
Fur NNP B-NP
Vault NNP I-NP
Inc. NNP I-NP
and CC O
Evans NNP B-NP
Inc. NNP I-NP
all DT O
reported VBD B-VP
losses NNS B-NP
in IN B-PP
their PRP$ B-NP
latest JJS I-NP
fiscal JJ I-NP
years NNS I-NP
. . O

Aftereffects NNS B-NP
of IN B-PP
the DT B-NP
1987 CD I-NP
stock NN I-NP
market NN I-NP
crash NN I-NP
head NN B-VP
the DT B-NP
list NN I-NP
of IN B-PP
reasons NNS B-NP
. . O

In IN B-PP
addition NN B-NP
, , O
competition NN B-NP
has VBZ B-VP
glutted VBN I-VP
the DT B-NP
market NN I-NP
with IN B-PP
both DT B-NP
skins NNS I-NP
and CC I-NP
coats NNS I-NP
, , O
driving VBG B-VP
prices NNS B-NP
down RB B-ADVP
. . O

The DT B-NP
animal-rights NNS I-NP
movement NN I-NP
has VBZ B-VP
n't RB I-VP
helped VBN I-VP
sales NNS B-NP
. . O

Warm JJ B-NP
winters NNS I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
two CD I-NP
years NNS I-NP
have VBP B-VP
trimmed VBN I-VP
demand NN B-NP
, , O
too RB B-ADVP
, , O
furriers NNS B-NP
complain VBP B-VP
. . O

And CC O
those DT B-NP
who WP B-NP
did VBD B-VP
n't RB I-VP
move VB I-VP
some DT B-NP
production NN I-NP
overseas JJ B-ADVP
suffer VB B-VP
labor NN B-NP
shortages NNS I-NP
. . O

`` `` O
The DT B-NP
intensive JJ I-NP
labor NN I-NP
needed VBN B-VP
to TO B-VP
manufacture VB I-VP
furs NNS B-NP
-LCB- ( O
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O
-RCB- ) O
is VBZ B-VP
not RB O
as RB B-ADJP
available JJ I-ADJP
as IN B-SBAR
it PRP B-NP
was VBD B-VP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Schreibman NNP I-NP
, , O
who WP B-NP
is VBZ B-VP
starting VBG I-VP
overseas JJ B-NP
production NN I-NP
. . O

But CC O
even RB B-NP
those DT I-NP
who WP B-NP
have VBP B-VP
found VBN I-VP
a DT B-NP
way NN I-NP
to TO B-VP
cope VB I-VP
with IN B-PP
the DT B-NP
imports NNS I-NP
and CC O
the DT B-NP
slump NN I-NP
, , O
fear NN B-VP
that IN B-SBAR
furs NNS B-NP
are VBP B-VP
losing VBG I-VP
part NN B-NP
of IN B-PP
their PRP$ B-NP
allure NN I-NP
. . O

`` `` O
People NNS B-NP
are VBP B-VP
promoting VBG I-VP
furs NNS B-NP
in IN B-PP
various JJ B-NP
ways NNS I-NP
and CC O
taking VBG B-VP
the DT B-NP
glamour NN I-NP
out IN B-ADVP
of IN B-PP
the DT B-NP
fur NN I-NP
business NN I-NP
, , O
'' '' O
says VBZ B-VP
Stephen NNP B-NP
Sanders NNP I-NP
, , O
divisional JJ B-NP
merchandise NN I-NP
manager NN I-NP
for IN B-PP
Marshall NNP B-NP
Field NNP I-NP
's POS B-NP
department NN I-NP
store NN I-NP
in IN B-PP
Chicago NNP B-NP
. . O

`` `` O
You PRP B-NP
ca MD B-VP
n't RB I-VP
make VB I-VP
a DT B-NP
commodity NN I-NP
out IN B-ADVP
of IN B-PP
a DT B-NP
luxury NN I-NP
, , O
'' '' O
insists VBZ B-VP
Mr. NNP B-NP
Purnick NNP I-NP
, , O
the DT B-NP
New NNP I-NP
York NNP I-NP
furrier NN I-NP
. . O

He PRP B-NP
contends VBZ B-VP
that IN B-SBAR
chasing VBG B-VP
consumers NNS B-NP
with IN B-PP
low-priced JJ B-NP
imports NNS I-NP
will MD B-VP
harm VB I-VP
the DT B-NP
industry NN I-NP
in IN B-PP
the DT B-NP
long JJ I-NP
run NN I-NP
by IN B-PP
reducing VBG B-VP
the DT B-NP
prestige NN I-NP
of IN B-PP
furs NNS B-NP
. . O

But CC O
Mr. NNP B-NP
Rosen NNP I-NP
responds VBZ B-VP
: : O
`` `` O
Whatever WDT B-NP
people NNS B-NP
want VBP B-VP
to TO I-VP
buy VB I-VP
, , O
I PRP B-NP
'll MD B-VP
sell VB I-VP
. . O

The DT B-NP
name NN I-NP
of IN B-PP
the DT B-NP
game NN I-NP
is VBZ B-VP
to TO B-VP
move VB I-VP
goods NNS B-NP
. . O

Four CD B-NP
workers NNS I-NP
at IN B-PP
GTE NNP B-NP
Corp. NNP I-NP
's POS B-NP
headquarters NN I-NP
have VBP B-VP
been VBN I-VP
diagnosed VBN I-VP
as IN B-PP
having VBG B-VP
hepatitis NN B-NP
, , O
and CC O
city NN B-NP
health NN I-NP
officials NNS I-NP
are VBP B-VP
investigating VBG I-VP
whether IN B-SBAR
a DT B-NP
cafeteria NN I-NP
worker NN I-NP
may MD B-VP
have VB I-VP
exposed VBN I-VP
hundreds NNS B-NP
of IN B-PP
other JJ B-NP
GTE NNP I-NP
employees NNS I-NP
to TO B-PP
the DT B-NP
viral JJ I-NP
infection NN I-NP
, , O
company NN B-NP
and CC I-NP
city NN I-NP
officials NNS I-NP
said VBD B-VP
. . O

The DT B-NP
four CD I-NP
cases NNS I-NP
were VBD B-VP
all DT O
reported VBD B-VP
to TO B-PP
GTE NNP B-NP
's POS B-NP
medical JJ I-NP
director NN I-NP
and CC O
state NN B-NP
and CC I-NP
local JJ I-NP
health NN I-NP
authorities NNS I-NP
. . O

GTE NNP B-NP
shut VBD B-VP
down RB B-PRT
its PRP$ B-NP
cafeteria NN I-NP
Tuesday NNP B-NP
afternoon NN I-NP
after IN B-SBAR
testing NN B-NP
determined VBN B-VP
that IN B-SBAR
at IN B-NP
least JJS I-NP
one CD I-NP
cafeteria NN I-NP
worker NN I-NP
employed VBN B-VP
by IN B-PP
GTE NNP B-NP
's POS B-NP
private JJ I-NP
food NN I-NP
vending NN I-NP
contractor NN I-NP
, , O
ARA NNP B-NP
Services NNP I-NP
Inc. NNP I-NP
, , O
was VBD B-VP
suffering VBG I-VP
from IN B-PP
a DT B-NP
strain NN I-NP
of IN B-PP
the DT B-NP
virus NN I-NP
, , O
officials NNS B-NP
said VBD B-VP
. . O

More RBR B-NP
than IN I-NP
700 CD I-NP
people NNS I-NP
work VBP B-VP
in IN B-PP
the DT B-NP
GTE NNP I-NP
building NN I-NP
. . O

The DT B-NP
cafeteria NN I-NP
remains VBZ B-VP
closed VBN B-ADJP
. . O

Dr. NNP B-NP
Andrew NNP I-NP
McBride NNP I-NP
, , O
city NN B-NP
health NN I-NP
director NN I-NP
, , O
said VBD B-VP
his PRP$ B-NP
staff NN I-NP
suspects VBZ B-VP
the DT B-NP
hepatitis NN I-NP
, , O
which WDT B-NP
can MD B-VP
be VB I-VP
highly RB B-ADJP
contagious JJ I-ADJP
, , O
was VBD B-VP
spread NN I-VP
by IN B-PP
the DT B-NP
cafeteria NN I-NP
worker NN I-NP
with IN B-PP
the DT B-NP
virus NN I-NP
. . O

The DT B-NP
exact JJ I-NP
strain NN I-NP
of IN B-PP
hepatitis NN B-NP
that IN B-NP
the DT B-NP
cafeteria NN I-NP
worker NN I-NP
contracted VBD B-VP
has VBZ B-VP
n't RB I-VP
been VBN I-VP
determined VBN I-VP
but CC O
should MD B-VP
be VB I-VP
known VBN I-VP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
week NN I-NP
, , O
Dr. NNP B-NP
McBride NNP I-NP
said VBD B-VP
. . O

Hepatitis NNP B-NP
A DT I-NP
, , O
considered VBD B-VP
the DT B-NP
least JJS I-NP
dangerous JJ I-NP
strain NN I-NP
of IN B-PP
the DT B-NP
virus NN I-NP
, , O
has VBZ B-VP
been VBN I-VP
confirmed VBN I-VP
in IN B-PP
at IN B-NP
least JJS I-NP
one CD I-NP
GTE NNP I-NP
employee NN I-NP
, , O
company NN B-NP
and CC I-NP
city NN I-NP
officials NNS I-NP
said VBD B-VP
. . O

`` `` O
From IN B-PP
a DT B-NP
public JJ I-NP
health NN I-NP
point NN I-NP
of IN B-PP
view NN B-NP
we PRP B-NP
're VBP B-VP
relieved VBN B-ADJP
because IN B-SBAR
hepatitis NN B-NP
A NNP I-NP
is VBZ B-VP
rarely RB B-ADVP
life-threatening JJ B-ADJP
, , O
'' '' O
said VBD B-VP
Dr. NNP B-NP
Frank NNP I-NP
Provato NNP I-NP
, , O
GTE NNP B-NP
's POS B-NP
medical JJ I-NP
director NN I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
a DT B-NP
double-edged JJ I-NP
sword NN I-NP
though RB B-ADVP
, , O
because IN B-SBAR
it PRP B-NP
is VBZ B-VP
also RB B-ADVP
the DT B-NP
most RBS I-NP
contagious JJ I-NP
kind NN I-NP
of IN B-PP
hepatitis NN B-NP
. . O
'' '' O

GTE NNP B-NP
officials NNS I-NP
began VBD B-VP
posting VBG I-VP
warning NN B-NP
notices NNS I-NP
about IN B-PP
the DT B-NP
potential JJ I-NP
threat NN I-NP
to TO B-PP
exposure NN B-NP
Wednesday NNP B-NP
morning NN I-NP
at IN B-PP
various JJ B-NP
places NNS I-NP
at IN B-PP
the DT B-NP
company NN I-NP
, , O
said VBD B-VP
GTE NNP B-NP
spokesman NN I-NP
Thomas NNP I-NP
Mattausch NNP I-NP
. . O

The DT B-NP
company NN I-NP
has VBZ B-VP
begun VBN I-VP
offering NN I-VP
shots NNS B-NP
of IN B-PP
gamma NN B-NP
globulin NN I-NP
, , O
which WDT B-NP
will MD B-VP
diminish VB I-VP
the DT B-NP
flu-like JJ I-NP
symptoms NNS I-NP
of IN B-PP
hepatitis NN B-NP
A DT I-NP
, , O
in IN B-PP
anyone NN B-NP
who WP B-NP
has VBZ B-VP
contracted VBN I-VP
the DT B-NP
disease NN I-NP
, , O
Mr. NNP B-NP
Mattausch NNP I-NP
said VBD B-VP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
strongly RB I-VP
recommending VBG I-VP
that DT B-SBAR
anyone NN B-NP
who WP B-NP
has VBZ B-VP
eaten VBN I-VP
in IN B-PP
the DT B-NP
cafeteria NN I-NP
this DT B-NP
month NN I-NP
have VBP B-VP
the DT B-NP
shot NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Mattausch NNP I-NP
added VBD B-VP
, , O
`` `` O
and CC O
that DT B-NP
means VBZ B-VP
virtually JJ B-NP
everyone NN I-NP
who WP B-NP
works VBZ B-VP
here RB B-ADVP
. . O

I PRP B-NP
was VBD B-VP
appalled VBN I-VP
to TO B-VP
read VB I-VP
the DT B-NP
misstatements NNS I-NP
of IN B-PP
facts NNS B-NP
in IN B-PP
your PRP$ B-NP
Oct. NNP I-NP
13 CD I-NP
editorial NN I-NP
`` `` O
Colombia NNP B-NP
's POS B-NP
Brave NNP I-NP
Publisher NNP I-NP
. . O
'' '' O

It PRP B-NP
is VBZ B-VP
the DT B-NP
right-wing JJ I-NP
guerrillas NNS I-NP
who WP B-NP
are VBP B-VP
aligned VBN I-VP
with IN B-PP
the DT B-NP
drug NN I-NP
traffickers NNS I-NP
, , O
not RB O
the DT B-NP
left VBN I-NP
wing NN I-NP
. . O

This DT B-NP
information NN I-NP
was VBD B-VP
gleaned VBN I-VP
from IN B-PP
your PRP$ B-NP
own JJ I-NP
news NN I-NP
stories NNS I-NP
on IN B-PP
the DT B-NP
region NN I-NP
. . O

Past JJ B-NP
Colombian JJ I-NP
government NN I-NP
tolerance NN I-NP
of IN B-PP
the DT B-NP
`` `` I-NP
narcotraficantes FW I-NP
'' '' O
was VBD B-VP
due JJ B-ADJP
to TO B-PP
the DT B-NP
drug NN I-NP
lords NNS I-NP
' POS B-NP
history NN I-NP
of IN B-PP
wiping VBG B-VP
out RP B-PRT
leftists NNS B-NP
in IN B-PP
the DT B-NP
hinterlands NNS I-NP
. . O

Mary NNP B-NP
Poulin NNP I-NP
Palo NNP B-NP
Alto NNP I-NP
, , O
Calif. NNP B-NP

I PRP B-NP
suggest VBP B-VP
that IN B-SBAR
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
-LRB- ( O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
other JJ B-NP
U.S. NNP I-NP
news NN I-NP
publications NNS I-NP
of IN B-PP
like IN B-NP
mind NN I-NP
-RRB- ) O
should MD B-VP
put VB I-VP
its PRP$ B-NP
money NN I-NP
where WRB B-ADVP
its PRP$ B-NP
mouth NN I-NP
is VBZ B-VP
: : O
Lend VB B-VP
computer NN B-NP
equipment NN I-NP
to TO B-VP
replace VB I-VP
that WDT B-NP
damaged VBD B-VP
at IN B-PP
El NNP B-NP
Espectador NNP I-NP
, , O
buy VB B-VP
ad NN B-NP
space NN I-NP
, , O
publish VB B-VP
stories NNS B-NP
under IN B-PP
the DT B-NP
bylines NNS I-NP
of IN B-PP
El NNP B-NP
Espectador NNP I-NP
journalists NNS I-NP
. . O

Perhaps RB B-ADVP
an DT B-NP
arrangement NN I-NP
could MD B-VP
be VB I-VP
worked VBN I-VP
out IN B-PRT
to TO B-VP
`` `` I-VP
sponsor NN I-VP
'' '' O
El NNP B-NP
Espectador NNP I-NP
journalists NNS I-NP
and CC I-NP
staff NN I-NP
by IN B-PP
paying VBG B-VP
for IN B-PP
added VBN B-NP
security NN I-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
exclusive JJ B-NP
stories NNS I-NP
. . O

Reward VB B-VP
El NNP B-NP
Espectador NNP I-NP
's POS B-NP
courage NN I-NP
with IN B-PP
real JJ B-NP
support NN I-NP
. . O

Douglas NNP B-NP
B. NNP I-NP
Evans NNP I-NP

COCA-COLA NNP B-NP
Co NNP I-NP
. . O
-LRB- ( O
Atlanta NNP B-NP
-RRB- ) O
-- : O

Anton NNP B-NP
Amon NNP I-NP
and CC O
George NNP B-NP
Gourlay NNP I-NP
were VBD B-VP
elected VBN I-VP
vice NN B-NP
presidents NNS I-NP
of IN B-PP
this DT B-NP
soft-drink NN I-NP
company NN I-NP
. . O

Mr. NNP B-NP
Amon NNP I-NP
, , O
46 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
is VBZ B-VP
the DT B-NP
company NN I-NP
's POS B-NP
director NN I-NP
of IN B-PP
quality NN B-NP
assurance NN I-NP
; : O
most RBS B-ADVP
recently RB I-ADVP
, , O
he PRP B-NP
served VBD B-VP
as IN B-PP
vice NN B-NP
president NN I-NP
, , O
operations NNS B-NP
, , O
for IN B-PP
Coca-Cola NNP B-NP
Enterprises NNPS I-NP
. . O

Mr. NNP B-NP
Gourlay NNP I-NP
, , O
48 CD B-NP
, , O
is VBZ B-VP
manager NN B-NP
for IN B-PP
corporate JJ B-NP
manufacturing NN I-NP
operations NNS I-NP
; : O
he PRP B-NP
was VBD B-VP
assistant NN B-NP
vice NN I-NP
president NN I-NP
at IN B-PP
the DT B-NP
company NN I-NP
. . O

In IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
a DT B-NP
slide NN I-NP
in IN B-PP
sterling NN B-NP
, , O
a DT B-NP
tailspin NN I-NP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
, , O
and CC O
a DT B-NP
string NN I-NP
of IN B-PP
problematic JJ B-NP
economic JJ I-NP
indicators NNS I-NP
, , O
British NNP O
Chancellor NNP O
of IN B-PP
the DT B-NP
Exchequer NNP I-NP
Nigel NNP B-NP
Lawson NNP I-NP
promised VBD B-VP
gradual JJ B-NP
improvement NN I-NP
in IN B-PP
the DT B-NP
U.K. NNP I-NP
economy NN I-NP
. . O

In IN B-PP
a DT B-NP
speech NN I-NP
prepared VBN B-VP
for IN B-PP
delivery NN B-NP
to TO B-PP
London NNP B-NP
's POS B-NP
financial JJ I-NP
community NN I-NP
, , O
Mr. NNP B-NP
Lawson NNP I-NP
summed VBD B-VP
up IN B-PRT
current JJ B-NP
economic JJ I-NP
policy NN I-NP
as IN B-PP
a DT B-NP
battle NN I-NP
to TO B-VP
wring VB I-VP
inflation NN B-NP
out IN B-ADVP
of IN B-PP
the DT B-NP
British JJ I-NP
economy NN I-NP
, , O
using VBG B-VP
high JJ B-NP
interest NN I-NP
rates NNS I-NP
as IN B-PP
`` `` O
the DT B-NP
essential JJ I-NP
instrument NN I-NP
'' '' O
to TO B-VP
carry VB I-VP
out RP B-PRT
the DT B-NP
campaign NN I-NP
. . O

Two CD B-NP
weeks NNS I-NP
after IN B-PP
boosting VBG B-VP
base NN B-NP
rates NNS I-NP
to TO B-PP
15 CD B-NP
% NN I-NP
, , O
he PRP B-NP
pledged VBD B-VP
that IN B-SBAR
`` `` O
rates NNS B-NP
will MD B-VP
have VB I-VP
to TO I-VP
remain VB I-VP
high JJ B-ADJP
for IN B-PP
some DT B-NP
time NN I-NP
to TO B-VP
come VB I-VP
. . O
'' '' O

Mr. NNP B-NP
Lawson NNP I-NP
also RB B-ADVP
made VBD B-VP
it PRP B-NP
clear JJ B-ADJP
that IN B-SBAR
he PRP B-NP
would MD B-VP
be VB I-VP
watching VBG I-VP
exchange NN B-NP
rates NNS I-NP
carefully RB B-ADVP
. . O

A DT B-NP
sinking VBG I-NP
pound NN I-NP
makes VBZ B-VP
imports NNS B-NP
more RBR B-ADJP
expensive JJ I-ADJP
and CC O
increases NNS B-VP
businesses NNS B-NP
' POS B-NP
expectations NNS I-NP
of IN B-PP
future NN B-NP
inflation NN I-NP
, , O
he PRP B-NP
argued VBD B-VP
. . O

In IN B-PP
an DT B-NP
apparent JJ I-NP
warning NN I-NP
to TO B-PP
currency NN B-NP
traders NNS I-NP
who WP B-NP
have VBP B-VP
lately RB I-VP
been VBN I-VP
selling VBG I-VP
the DT B-NP
British JJ I-NP
currency NN I-NP
, , O
he PRP B-NP
stated VBD B-VP
that IN B-SBAR
the DT B-NP
exchange NN I-NP
rates NNS I-NP
will MD B-VP
have VB I-VP
a DT B-NP
`` `` I-NP
major JJ I-NP
role NN I-NP
in IN B-PP
the DT B-NP
assessment NN I-NP
of IN B-PP
monetary JJ B-NP
conditions NNS I-NP
. . O
'' '' O

In IN B-PP
reaffirming VBG B-VP
the DT B-NP
current JJ I-NP
monetary JJ I-NP
policy NN I-NP
of IN B-PP
using VBG B-VP
high JJ B-NP
interest NN I-NP
rates NNS I-NP
to TO B-VP
fight VB I-VP
inflation NN B-NP
and CC O
shore NN B-VP
up IN B-PRT
the DT B-NP
pound NN I-NP
, , O
Mr. NNP B-NP
Lawson NNP I-NP
dismissed VBD B-VP
other JJ B-NP
approaches NNS I-NP
to TO B-PP
managing VBG B-VP
the DT B-NP
economy NN I-NP
. . O

He PRP B-NP
said VBD B-VP
he PRP B-NP
monitors VBZ B-VP
the DT B-NP
money-supply JJ I-NP
figures NNS I-NP
, , O
but CC O
does VBZ B-VP
n't RB I-VP
give VB I-VP
them PRP B-NP
paramount JJ B-NP
importance NN I-NP
, , O
as IN B-SBAR
some DT B-NP
private NN I-NP
and CC I-NP
government NN I-NP
economists NNS I-NP
have VBP B-VP
suggested VBN I-VP
. . O

Mr. NNP B-NP
Lawson NNP I-NP
also RB B-ADVP
dismissed VBD B-VP
the DT B-NP
possibility NN B-NP
of IN B-PP
imposing VBG B-VP
direct JJ B-NP
credit NN I-NP
controls NNS I-NP
on IN B-PP
Britain NNP B-NP
's POS B-NP
financial JJ I-NP
system NN I-NP
. . O

Mr. NNP B-NP
Lawson NNP I-NP
's POS B-NP
speech NN I-NP
, , O
delivered VBN B-VP
at IN B-PP
the DT B-NP
Lord NNP I-NP
Mayor NNP I-NP
of IN B-PP
London NNP B-NP
's POS B-NP
annual JJ I-NP
dinner NN I-NP
at IN B-PP
Mansion NNP B-NP
House NNP I-NP
, , O
came VBD B-VP
on IN B-PP
the DT B-NP
heels NNS I-NP
of IN B-PP
a DT B-NP
grueling JJ I-NP
period NN I-NP
for IN B-PP
the DT B-NP
U.K. NNP I-NP
economy NN I-NP
. . O

Two CD B-NP
weeks NNS I-NP
ago RB B-ADVP
, , O
in IN B-PP
a DT B-NP
campaign NN I-NP
to TO B-VP
blunt VB I-VP
inflation NN B-NP
at IN B-PP
home NN B-NP
and CC O
arrest VB B-VP
a DT B-NP
world-wide JJ I-NP
plunge NN I-NP
in IN B-PP
the DT B-NP
pound NN I-NP
, , O
he PRP B-NP
raised VBD B-VP
base NN B-NP
rates VBZ I-NP
a DT B-NP
full JJ I-NP
percentage NN I-NP
point NN I-NP
to TO B-PP
15 CD B-NP
% NN I-NP
. . O

Despite IN B-PP
the DT B-NP
increase NN I-NP
, , O
the DT B-NP
British JJ I-NP
currency NN I-NP
slid VBD B-VP
below IN B-PP
a DT B-NP
perceived VBN I-NP
threshold NN I-NP
of IN B-PP
three CD B-NP
marks NNS I-NP
early JJ B-NP
last JJ I-NP
week NN I-NP
. . O

It PRP B-NP
was VBD B-VP
quoted VBN I-VP
at IN B-PP
2.9428 CD B-NP
marks NNS I-NP
in IN B-PP
late JJ B-NP
New NNP I-NP
York NNP I-NP
trading NN I-NP
Wednesday NNP B-NP
. . O

Leading VBG B-VP
up IN B-ADVP
to TO B-PP
the DT B-NP
speech NN I-NP
was VBD B-VP
a DT B-NP
drumroll NN I-NP
of IN B-PP
economic JJ B-NP
statistics NNS I-NP
suggesting VBG B-VP
that IN B-SBAR
the DT B-NP
British JJ I-NP
war NN I-NP
on IN B-PP
inflation NN B-NP
will MD B-VP
be VB I-VP
more RBR B-ADJP
bruising JJ I-ADJP
than IN B-SBAR
previously RB B-ADVP
assumed VBN B-VP
. . O

Unemployment NN B-NP
in IN B-PP
September NNP B-NP
dropped VBD B-VP
to TO B-PP
1,695,000 CD B-NP
, , O
the DT B-NP
lowest JJS I-NP
level NN I-NP
since IN B-PP
1980 CD B-NP
. . O

While IN B-SBAR
lower JJR B-NP
joblessness NN I-NP
is VBZ B-VP
generally RB B-ADVP
good JJ B-NP
news NN I-NP
, , O
the DT B-NP
hefty JJ I-NP
drop NN I-NP
last JJ B-NP
month NN I-NP
indicates VBZ B-VP
that IN B-SBAR
the DT B-NP
economy NN I-NP
is VBZ B-VP
n't RB I-VP
slowing VBG I-VP
down RB B-PRT
as RB B-ADVP
much JJ I-ADVP
as IN B-SBAR
hoped VBN B-VP
-- : O
despite IN B-PP
a DT B-NP
doubling NN I-NP
of IN B-PP
interest NN B-NP
rates NNS I-NP
over IN B-PP
the DT B-NP
last JJ I-NP
16 CD I-NP
months NNS I-NP
. . O

Meanwhile RB B-ADVP
, , O
average JJ B-NP
earnings NNS I-NP
in IN B-PP
Britain NNP B-NP
were VBD B-VP
up IN B-ADVP
8.75 CD B-NP
% NN I-NP
in IN B-PP
August NNP B-NP
over IN B-PP
the DT B-NP
previous JJ I-NP
year NN I-NP
. . O

Another DT B-NP
inflationary JJ I-NP
sign NN I-NP
came VBD B-VP
in IN B-PP
a DT B-NP
surge NN I-NP
in IN B-PP
building-society JJ B-NP
lending NN I-NP
to TO B-PP
a DT B-NP
record NN I-NP
# # I-NP
10.2 CD I-NP
billion CD I-NP
-LRB- ( O
$ $ B-NP
16.22 CD I-NP
billion CD I-NP
-RRB- ) O
last JJ B-NP
month NN I-NP
, , O
a DT B-NP
much RB I-NP
higher JJR I-NP
level NN I-NP
than IN B-SBAR
economists NNS B-NP
had VBD B-VP
predicted VBN I-VP
. . O

In IN B-PP
a DT B-NP
separate JJ I-NP
speech NN I-NP
prepared VBN B-VP
for IN B-PP
delivery NN B-NP
at IN B-PP
the DT B-NP
dinner NN I-NP
, , O
Robin NNP B-NP
Leigh-Pemberton NNP I-NP
, , O
Bank NNP O
of IN B-PP
England NNP B-NP
governor NN B-NP
, , O
conceded VBD B-VP
that IN B-SBAR
`` `` O
demand NN B-NP
pressures NNS I-NP
were VBD B-VP
even RB B-ADJP
more RBR I-ADJP
buoyant JJ I-ADJP
than IN B-SBAR
had VBN B-VP
been VBN I-VP
appreciated VBN I-VP
'' '' O
when WRB B-ADVP
the DT B-NP
British JJ I-NP
economy NN I-NP
was VBD B-VP
heating VBG I-VP
up IN B-PRT
last JJ B-NP
year NN I-NP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
`` `` O
there EX B-NP
's VBZ B-VP
no DT B-NP
quick-fix JJ I-NP
solution NN I-NP
'' '' O
to TO B-PP
the DT B-NP
economic JJ I-NP
woes NNS I-NP
, , O
and CC O
said VBD B-VP
`` `` O
tight JJ B-NP
monetary JJ I-NP
policy NN I-NP
is VBZ B-VP
the DT B-NP
right JJ I-NP
approach NN I-NP
. . O
'' '' O

Discussing VBG B-VP
the DT B-NP
recent JJ I-NP
slide NN I-NP
in IN B-PP
stock NN B-NP
prices NNS I-NP
, , O
the DT B-NP
central JJ I-NP
bank NN I-NP
governor NN I-NP
stated VBN B-VP
that IN B-SBAR
`` `` O
the DT B-NP
markets NNS I-NP
now RB B-ADVP
appear VBP B-VP
to TO I-VP
have VB I-VP
steadied VBN I-VP
'' '' O
after IN B-PP
the DT B-NP
`` `` I-NP
nasty JJ I-NP
jolt NN I-NP
'' '' O
of IN B-PP
the DT B-NP
190.58-point JJ I-NP
plunge NN I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
a DT B-NP
week NN I-NP
ago RB B-ADVP
. . O

Although IN B-SBAR
the DT B-NP
New NNP I-NP
York NNP I-NP
market NN I-NP
plunge NN I-NP
prompted VBD B-VP
a DT B-NP
70.5-point JJ I-NP
drop NN I-NP
in IN B-PP
the DT B-NP
London NNP I-NP
Financial NNP I-NP
Times-Stock NNP I-NP
Exchange NNP I-NP
100 CD I-NP
Share NNP I-NP
Index NNP I-NP
, , O
Mr. NNP B-NP
Leigh-Pemberton NNP I-NP
declared VBD B-VP
`` `` O
that IN B-SBAR
the DT B-NP
experience NN I-NP
owed VBD B-VP
nothing NN B-NP
to TO B-PP
the DT B-NP
particular JJ I-NP
problems NNS I-NP
of IN B-PP
the DT B-NP
British JJ I-NP
economy NN I-NP
. . O
'' '' O

Specifically RB B-ADVP
, , O
he PRP B-NP
pointed VBD B-VP
out IN B-PRT
that DT B-SBAR
compared VBD B-PP
with IN B-PP
the DT B-NP
U.S. NNP I-NP
market NN I-NP
, , O
the DT B-NP
U.K. NNP I-NP
has VBZ B-VP
far RB B-NP
fewer RBR I-NP
highly RB I-NP
leveraged JJ I-NP
junk-bond NN I-NP
financings NNS I-NP
. . O

Discussing VBG B-VP
future NN B-NP
monetary JJ I-NP
arrangements NNS I-NP
, , O
Mr. NNP B-NP
Lawson NNP I-NP
repeated VBD B-VP
the DT B-NP
Thatcher NNP I-NP
government NN I-NP
's POS B-NP
commitment NN I-NP
to TO B-VP
join VB I-VP
the DT B-NP
exchange NN I-NP
rate NN I-NP
mechanism NN I-NP
of IN B-PP
the DT B-NP
European NNP I-NP
Monetary NNP I-NP
System NNP I-NP
, , O
but CC O
he PRP B-NP
did VBD B-VP
n't RB I-VP
indicate VB I-VP
when WRB O
. . O

Ing NNP O
. . O

C. NNP B-NP
Olivetti NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
claiming VBG B-VP
it PRP B-NP
has VBZ B-VP
won VBN I-VP
the DT B-NP
race NN I-NP
in IN B-PP
Europe NNP B-NP
to TO B-VP
introduce VB I-VP
computers NNS B-NP
based VBN B-PP
on IN B-PP
a DT B-NP
powerful JJ I-NP
new JJ I-NP
microprocessor NN I-NP
chip NN I-NP
, , O
unveiled VBD B-VP
its PRP$ B-NP
CP486 NNP I-NP
computer NN I-NP
yesterday NN B-NP
. . O

The DT B-NP
product NN I-NP
is VBZ B-VP
the DT B-NP
first JJ I-NP
from IN B-PP
a DT B-NP
European JJ I-NP
company NN I-NP
based VBN B-PP
on IN B-PP
Intel NNP B-NP
Corp. NNP I-NP
's POS B-NP
new JJ I-NP
32-bit JJ I-NP
486tm JJ I-NP
microprocessor NN I-NP
, , O
which WDT B-NP
works VBZ B-VP
several JJ B-ADVP
times NNS I-ADVP
faster RBR I-ADVP
than IN B-PP
previously RB B-NP
available JJ I-NP
chips NNS I-NP
. . O

Hewlett-Packard NNP B-NP
Co. NNP I-NP
became VBD B-VP
the DT B-NP
first JJ I-NP
company NN I-NP
world-wide JJ B-ADVP
to TO B-VP
announce VB I-VP
a DT B-NP
product NN I-NP
based VBN B-PP
on IN B-PP
the DT B-NP
chip NN I-NP
earlier RBR B-NP
this DT I-NP
month NN I-NP
, , O
but CC O
it PRP B-NP
wo MD B-VP
n't RB I-VP
start VB I-VP
shipping VBG I-VP
the DT B-NP
computers NNS I-NP
until IN B-PP
early JJ B-NP
next JJ I-NP
year NN I-NP
. . O

An DT B-NP
Olivetti NNP I-NP
spokesman NN I-NP
said VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
factories NNS I-NP
are VBP B-VP
already RB I-VP
beginning VBG I-VP
to TO I-VP
produce VB I-VP
the DT B-NP
machine NN I-NP
, , O
and CC O
that IN B-SBAR
it PRP B-NP
should MD B-VP
be VB I-VP
available JJ B-ADJP
in IN B-PP
Europe NNP B-NP
by IN B-PP
December NNP B-NP
. . O

`` `` O
What WP B-NP
this DT B-NP
means VBZ B-VP
is VBZ B-VP
that IN B-SBAR
Europeans NNPS B-NP
will MD B-VP
have VB I-VP
these DT B-NP
machines NNS I-NP
in IN B-PP
their PRP$ B-NP
offices NNS I-NP
before IN O
Americans NNPS B-NP
do VBP B-VP
, , O
'' '' O
the DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

The DT B-NP
new JJ I-NP
chip NN I-NP
`` `` O
is VBZ B-VP
a DT B-NP
very RB I-NP
big JJ I-NP
step NN I-NP
in IN B-PP
computing VBG B-NP
, , O
and CC O
it PRP B-NP
is VBZ B-VP
important JJ B-ADJP
that WDT B-SBAR
Olivetti NNP B-NP
be VB B-VP
one CD B-NP
of IN B-PP
the DT B-NP
first JJ I-NP
out IN B-ADJP
on IN B-PP
the DT B-NP
market NN I-NP
with IN B-PP
this DT B-NP
product NN I-NP
, , O
'' '' O
said VBD B-VP
Patricia NNP B-NP
Meagher NNP I-NP
Davis NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
James NNP B-NP
Capel NNP I-NP
& CC I-NP
Co. NNP I-NP
in IN B-PP
London NNP B-NP
. . O

Executives NNS B-NP
at IN B-PP
Olivetti NNP B-NP
, , O
whose WP$ B-NP
earnings NNS I-NP
have NN B-VP
been VBN I-VP
steadily RB I-VP
sliding VBG I-VP
over IN B-PP
the DT B-NP
past JJ I-NP
couple NN I-NP
of IN B-PP
years NNS B-NP
, , O
have VBP B-VP
acknowledged VBN I-VP
that IN B-SBAR
in IN B-PP
the DT B-NP
past JJ I-NP
they PRP B-NP
have VBP B-VP
lagged VBN I-VP
at IN B-PP
getting VBG B-VP
new JJ B-NP
technology NN I-NP
to TO B-PP
market VB B-NP
. . O

Ms. NNP B-NP
Davis NNP I-NP
said VBD B-VP
the DT B-NP
new JJ I-NP
machines NNS I-NP
could MD B-VP
steal VB I-VP
some DT B-NP
sales NNS I-NP
away RB B-ADVP
from IN B-PP
Olivetti NNP B-NP
's POS B-NP
own JJ I-NP
minicomputers NNS I-NP
, , O
but CC O
would MD B-VP
bring VB I-VP
new JJ B-NP
sales NNS I-NP
among IN B-PP
professionals NNS B-NP
such JJ B-PP
as IN I-PP
engineers NNS B-NP
, , O
stockbrokers NNS B-NP
and CC O
medical JJ B-NP
doctors NNS I-NP
. . O

Although IN B-SBAR
Olivetti NNP B-NP
's POS B-NP
profits NNS I-NP
tumbled VBD B-VP
40 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
of IN B-PP
this DT B-NP
year NN I-NP
, , O
she PRP B-NP
believes VBZ B-VP
Olivetti NNP B-NP
's POS B-NP
restructuring NN I-NP
last JJ B-NP
fall NN I-NP
and CC O
its PRP$ B-NP
introduction NN I-NP
of IN B-PP
new JJ B-NP
products NNS I-NP
will MD B-VP
begin VB I-VP
to TO I-VP
bear VB I-VP
fruit NN B-NP
with IN B-PP
an DT B-NP
earnings NNS I-NP
rebound NN I-NP
next JJ B-NP
year NN I-NP
, , O
especially RB B-ADVP
if IN B-SBAR
it PRP B-NP
can MD B-VP
fulfill VB I-VP
its PRP$ B-NP
promise NN I-NP
to TO B-VP
deliver VB I-VP
the DT B-NP
new JJ I-NP
machines NNS I-NP
by IN B-PP
December NNP B-NP
. . O

`` `` O
We PRP B-NP
think VBP B-VP
the DT B-NP
worst JJS I-NP
is VBZ B-VP
over IN B-ADVP
'' '' O
in IN B-PP
the DT B-NP
European JJ I-NP
information-technology JJ I-NP
market NN I-NP
, , O
she PRP B-NP
said VBD B-VP
. . O

Depending VBG B-PP
on IN B-PP
the DT B-NP
type NN I-NP
of IN B-PP
software NN B-NP
and CC I-NP
peripherals NNS I-NP
used VBN B-VP
, , O
the DT B-NP
machines NNS I-NP
can MD B-VP
serve VB I-VP
either DT O
as IN B-PP
the DT B-NP
main JJ I-NP
computer NN I-NP
in IN B-PP
a DT B-NP
network NN I-NP
of IN B-PP
many JJ B-NP
terminals NNS I-NP
-LRB- ( O
a DT B-NP
role NN I-NP
usually RB B-VP
filled VBD I-VP
by IN B-PP
a DT B-NP
minicomputer NN I-NP
-RRB- ) O
, , O
as IN B-PP
a DT B-NP
technical JJ I-NP
workstation NN I-NP
or CC B-PP
as IN B-PP
a DT B-NP
very RB I-NP
fast RB I-NP
personal JJ I-NP
computer NN I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
the DT B-NP
missing VBG I-NP
link NN I-NP
'' '' O
in IN B-PP
Olivetti NNP B-NP
's POS B-NP
product NN I-NP
line NN I-NP
between IN B-PP
small JJ B-NP
personal JJ I-NP
computers NNS I-NP
and CC O
higher-priced JJ B-NP
minicomputers NNS I-NP
, , O
the DT B-NP
Olivetti NNP I-NP
spokesman NN I-NP
said VBD B-VP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
Olivetti NNP B-NP
will MD B-VP
continue VB I-VP
making VBG I-VP
its PRP$ B-NP
LSX NNP I-NP
minicomputer NN I-NP
line NN I-NP
. . O

The DT B-NP
machines NNS I-NP
will MD B-VP
cost VB I-VP
around IN B-NP
$ $ I-NP
16,250 CD I-NP
on IN B-PP
average JJ B-NP
in IN B-PP
Europe NNP B-NP
. . O

The DT B-NP
Intel NNP I-NP
486 CD I-NP
chip NN I-NP
can MD B-VP
process VB I-VP
15 CD B-NP
million CD I-NP
instructions NNS I-NP
per IN B-PP
second JJ B-NP
, , O
or CC O
MIPS NNP B-NP
, , O
while IN B-SBAR
Intel NNP B-NP
's POS B-NP
previous JJ I-NP
386 CD I-NP
chip NN I-NP
could MD B-VP
handle VB I-VP
only RB B-NP
3 CD I-NP
to TO I-NP
6 CD I-NP
MIPS NNP I-NP
. . O

Olivetti NNP B-NP
also RB B-ADVP
plans VBZ B-VP
to TO I-VP
sell VB I-VP
the DT B-NP
CP486 NNP I-NP
computer NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
starting VBG B-PP
next JJ B-NP
year NN I-NP
through IN B-PP
Olivetti NNP B-NP
USA NNP I-NP
and CC B-PP
through IN B-PP
its PRP$ B-NP
ISC\/Bunker NNP I-NP
Ramo NNP I-NP
unit NN I-NP
, , O
which WDT B-NP
specializes VBZ B-VP
in IN B-PP
automating VBG B-VP
bank-branch JJ B-NP
networks NNS I-NP
. . O

Viatech NNP B-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
received VBD B-VP
approval NN B-NP
from IN B-PP
the DT B-NP
French JJ I-NP
government NN I-NP
for IN B-PP
its PRP$ B-NP
proposed VBN I-NP
$ $ I-NP
44.7 CD I-NP
million CD I-NP
acquisition NN I-NP
of IN B-PP
Ferembal NNP B-NP
S.A NNP I-NP
. . O

The DT B-NP
approval NN I-NP
satisfies VBZ B-VP
the DT B-NP
remaining VBG I-NP
conditions NNS I-NP
of IN B-PP
the DT B-NP
purchase NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
close VB I-VP
within IN B-PP
two CD B-NP
weeks NNS I-NP
. . O

erembal NNP B-NP
, , O
the DT B-NP
second-largest JJ I-NP
maker NN I-NP
of IN B-PP
food NN B-NP
cans NNS I-NP
in IN B-PP
France NNP B-NP
, , O
had VBD B-VP
1988 CD B-NP
sales NNS I-NP
of IN B-PP
$ $ B-NP
150 CD I-NP
million CD I-NP
. . O

Ferembal NNP B-NP
has VBZ B-VP
930 CD B-NP
workers NNS I-NP
at IN B-PP
four CD B-NP
canning NN I-NP
manufacturing NN I-NP
plants NNS I-NP
and CC O
one CD B-NP
plastic NN I-NP
container NN I-NP
facility NN I-NP
. . O

Viatech NNP B-NP
makes VBZ B-VP
flexible JJ B-NP
packaging NN I-NP
films NNS I-NP
and CC O
machinery NN B-NP
, , O
and CC O
materials NNS B-NP
for IN B-PP
the DT B-NP
food NN I-NP
and CC I-NP
pharmaceutical JJ I-NP
industries NNS I-NP
. . O

Social NNP B-NP
Security NNP I-NP
benefits NNS I-NP
will MD B-VP
rise VB I-VP
4.7 CD B-NP
% NN I-NP
next JJ B-NP
year NN I-NP
to TO B-VP
keep VB I-VP
pace NN B-NP
with IN B-PP
inflation NN B-NP
, , O
boosting VBG B-VP
the DT B-NP
average JJ I-NP
monthly JJ I-NP
benefit NN I-NP
to TO B-PP
$ $ B-NP
566 CD I-NP
from IN B-PP
$ $ B-NP
541 CD I-NP
, , O
the DT B-NP
Department NNP I-NP
of IN B-PP
Health NNP B-NP
and CC O
Human NNP B-NP
Services NNP I-NP
announced VBD B-VP
. . O

The DT B-NP
higher JJR I-NP
payments NNS I-NP
will MD B-VP
start VB I-VP
with IN B-PP
Social NNP B-NP
Security NNP I-NP
checks NNS I-NP
received VBD B-VP
on IN B-PP
Jan. NNP B-NP
3 CD I-NP
, , I-NP
1990 CD I-NP
. . O

Supplemental NNP B-NP
Security NNP I-NP
Income NNP I-NP
payments NNS I-NP
to TO B-PP
the DT B-NP
disabled JJ I-NP
also RB B-ADVP
will MD B-VP
rise VB I-VP
4.7 CD B-NP
% NN I-NP
, , O
starting VBG B-PP
with IN B-PP
checks NNS B-NP
received VBD B-VP
on IN B-PP
Dec. NNP B-NP
29 CD I-NP
, , I-NP
1988 CD I-NP
, , O
increasing VBG B-VP
the DT B-NP
maximum JJ I-NP
SSI NNP I-NP
payment NN I-NP
to TO B-PP
$ $ B-NP
386 CD I-NP
from IN B-PP
$ $ B-NP
368 CD I-NP
a DT B-NP
month NN I-NP
. . O

The DT B-NP
inflation NN I-NP
adjustment NN I-NP
also RB B-ADVP
means VBZ B-VP
that IN B-SBAR
the DT B-NP
maximum JJ I-NP
annual JJ I-NP
level NN I-NP
of IN B-PP
earnings NNS B-NP
subject NN B-ADJP
to TO B-PP
the DT B-NP
wage NN I-NP
tax NN I-NP
that WDT B-NP
generates VBZ B-VP
revenue NN B-NP
for IN B-PP
the DT B-NP
Social NNP I-NP
Security NNP I-NP
trust NN I-NP
fund NN I-NP
will MD B-VP
rise VB I-VP
to TO B-PP
$ $ B-NP
50,400 CD I-NP
in IN B-PP
1990 CD B-NP
from IN B-PP
$ $ B-NP
48,000 CD I-NP
this DT B-NP
year NN I-NP
. . O

As IN B-SBAR
mandated VBN B-VP
by IN B-PP
law NN B-NP
, , O
the DT B-NP
tax NN I-NP
rate NN I-NP
will MD B-VP
rise VB I-VP
to TO B-PP
7.65 CD B-NP
% NN I-NP
in IN B-PP
1990 CD B-NP
from IN B-PP
7.51 CD B-NP
% NN I-NP
and CC O
wo MD B-VP
n't RB I-VP
rise VB I-VP
any DT B-ADVP
further JJ I-ADVP
in IN B-PP
the DT B-NP
future NN I-NP
. . O

This DT B-NP
means VBZ B-VP
that IN B-SBAR
the DT B-NP
maximum JJ I-NP
yearly JJ I-NP
Social NNP I-NP
Security NNP I-NP
tax NN I-NP
paid VBN B-VP
by IN B-PP
workers NNS B-NP
and CC I-NP
employers NNS I-NP
each DT I-NP
will MD B-VP
rise VB I-VP
$ $ B-NP
250.80 CD I-NP
next JJ B-NP
year NN I-NP
to TO B-PP
$ $ B-NP
3,855.60 CD I-NP
. . O

Beneficiaries NNS B-NP
aged VBN B-ADJP
65 CD B-NP
through IN I-NP
69 CD I-NP
will MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
earn VB I-VP
$ $ B-NP
9,360 CD I-NP
without IN B-PP
losing VBG B-VP
any DT B-NP
Social NNP I-NP
Security NNP I-NP
benefits NNS I-NP
in IN B-PP
1990 CD B-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
8,880 CD I-NP
this DT B-NP
year NN I-NP
. . O

The DT B-NP
exempt JJ I-NP
amount NN I-NP
for IN B-PP
beneficiaries NNS B-NP
under IN B-PP
65 CD B-NP
will MD B-VP
rise VB I-VP
to TO B-PP
$ $ B-NP
6,840 CD I-NP
from IN B-PP
$ $ B-NP
6,480 CD I-NP
. . O

The DT B-NP
adjustments NNS I-NP
reflect VBP B-VP
the DT B-NP
increase NN I-NP
in IN B-PP
the DT B-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
for IN B-PP
urban JJ B-NP
wage NN I-NP
earners NNS I-NP
and CC O
clerical JJ B-NP
workers NNS I-NP
from IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
of IN B-PP
last JJ B-NP
year NN I-NP
to TO B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
of IN B-PP
this DT B-NP
year NN I-NP
. . O

Health-care JJ B-NP
companies NNS I-NP
should MD B-VP
get VB I-VP
healthier JJR B-ADJP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

Medical-supply JJ B-NP
houses NNS I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
report VB I-VP
earnings NNS B-NP
increases NNS I-NP
of IN B-PP
about IN B-NP
15 CD I-NP
% NN I-NP
on IN B-PP
average JJ B-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
despite IN B-PP
sales NNS B-NP
increases NNS I-NP
of IN B-PP
less JJR B-NP
than IN I-NP
10 CD I-NP
% NN I-NP
, , O
analysts NNS B-NP
say VBP B-VP
. . O

To TO B-VP
offset VB I-VP
sluggish JJ B-NP
sales NNS I-NP
growth NN I-NP
, , O
companies NNS B-NP
have VBP B-VP
been VBN I-VP
cutting VBG I-VP
staff NN B-NP
, , O
mostly RB B-ADVP
through IN B-PP
attrition NN B-NP
, , O
and CC O
slowing VBG B-VP
the DT B-NP
growth NN I-NP
in IN B-PP
research NN B-NP
and CC I-NP
development NN I-NP
spending NN I-NP
. . O

Sales NNS B-NP
growth NN I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
was VBD B-VP
slowed VBN I-VP
by IN B-PP
mounting VBG B-NP
pressure NN I-NP
from IN B-PP
groups NNS B-NP
of IN B-PP
buyers NNS B-NP
, , O
such JJ B-PP
as IN I-PP
hospitals NNS B-NP
, , O
to TO B-VP
hold VB I-VP
down RB B-PRT
prices VBZ B-NP
. . O

Suppliers NNS B-NP
were VBD B-VP
also RB I-VP
hurt VBN I-VP
by IN B-PP
the DT B-NP
stronger JJR I-NP
U.S. NNP I-NP
dollar NN I-NP
, , O
which WDT B-NP
makes VBZ B-VP
sales NNS B-NP
abroad RB B-ADVP
more RBR B-ADJP
difficult JJ I-ADJP
. . O

In IN B-PP
some DT B-NP
cases NNS I-NP
, , O
competition NN B-NP
has VBZ B-VP
squeezed VBN I-VP
margins NNS B-NP
. . O

Becton NNP B-NP
, , I-NP
Dickinson NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
for IN B-PP
example NN B-NP
, , O
faces VBZ B-VP
stiff JJ B-NP
competition NN I-NP
from IN B-PP
a DT B-NP
Japanese JJ I-NP
supplier NN I-NP
in IN B-PP
the DT B-NP
important JJ I-NP
syringe NN I-NP
market NN I-NP
. . O

The DT B-NP
Franklin NNP I-NP
Lakes NNPS I-NP
, , I-NP
N.J. NNP I-NP
, , I-NP
company NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
report VB I-VP
sales NNS B-NP
growth NN I-NP
of IN B-PP
only JJ B-NP
5 NN I-NP
% NN I-NP
to TO I-NP
6 CD I-NP
% NN I-NP
, , O
but CC O
should MD B-VP
still RB I-VP
maintain VB I-VP
earnings NNS B-NP
growth NN I-NP
of IN B-PP
10 CD B-NP
% NN I-NP
, , O
says VBZ B-VP
Jerry NNP B-NP
E. NNP I-NP
Fuller NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Duff NNP B-NP
& CC I-NP
Phelps NNP I-NP
Inc NNP I-NP
. . O

Among IN B-PP
the DT B-NP
first JJ I-NP
of IN B-PP
the DT B-NP
group NN I-NP
to TO B-VP
post VB I-VP
results NNS B-NP
, , O
Abbott NNP B-NP
Laboratories NNPS I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
jumped VBD B-VP
14 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
196 CD I-NP
million CD I-NP
, , O
or CC O
88 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
172 CD I-NP
million CD I-NP
, , O
or CC O
76 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
for IN B-PP
the DT B-NP
company NN I-NP
, , O
based VBN B-VP
in IN B-PP
Abbott NNP B-NP
Park NNP I-NP
, , O
Ill. NNP B-NP
, , O
rose VBD B-VP
8.3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.31 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.21 CD I-NP
billion CD I-NP
. . O

Baxter NNP B-NP
International NNP I-NP
Inc. NNP I-NP
yesterday NN B-NP
reported VBD B-VP
net NN B-NP
climbed VBD B-VP
20 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
period NN I-NP
to TO B-PP
$ $ B-NP
102 CD I-NP
million CD I-NP
, , O
or CC O
34 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
85 CD I-NP
million CD I-NP
, , O
or CC O
28 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
for IN B-PP
the DT B-NP
Deerfield NNP I-NP
, , I-NP
Ill. NNP I-NP
, , I-NP
company NN I-NP
rose VBD B-VP
5.8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.81 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.71 CD I-NP
billion CD I-NP
. . O

But CC O
not RB B-NP
every DT I-NP
company NN I-NP
expects VBZ B-VP
to TO I-VP
report VB I-VP
increased VBN B-NP
earnings NNS I-NP
. . O

C.R. NNP B-NP
Bard NNP I-NP
Inc. NNP I-NP
yesterday NN B-NP
said VBD B-VP
third-quarter JJ B-NP
net NN I-NP
plunged VBD B-VP
51 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
9.9 CD I-NP
million CD I-NP
, , O
or CC O
18 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
20 CD I-NP
million CD I-NP
, , O
or CC O
35 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
fell VBD B-VP
1.2 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
190.1 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
192.5 CD I-NP
million CD I-NP
. . O

The DT B-NP
Murray NNP I-NP
Hill NNP I-NP
, , I-NP
N.J. NNP I-NP
, , I-NP
company NN I-NP
said VBD B-VP
full-year JJ B-NP
earnings NNS I-NP
may MD B-VP
be VB I-VP
off IN B-ADVP
33 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
because IN B-SBAR
the DT B-NP
company NN I-NP
removed VBD B-VP
a DT B-NP
catheter NN I-NP
from IN B-PP
the DT B-NP
market NN I-NP
. . O

In IN B-PP
1988 CD B-NP
, , O
the DT B-NP
company NN I-NP
earned VBD B-VP
$ $ B-NP
1.38 CD I-NP
a DT B-NP
share NN I-NP
. . O

The DT B-NP
Food NNP I-NP
and CC I-NP
Drug NNP I-NP
Administration NNP I-NP
had VBD B-VP
raised VBN I-VP
questions NNS B-NP
about IN B-PP
the DT B-NP
device NN I-NP
's POS B-NP
design NN I-NP
. . O

Some DT B-NP
analysts NNS I-NP
add VBP B-VP
that IN B-SBAR
third-party JJ B-NP
pressures NNS I-NP
to TO B-VP
reduce VB I-VP
health NN B-NP
costs NNS I-NP
will MD B-VP
continue VB I-VP
to TO I-VP
bedevil VB I-VP
companies NNS B-NP
' POS B-NP
bottom NN I-NP
lines NNS I-NP
. . O

Takeover NN B-NP
speculation NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
been VBN I-VP
buoying VBG I-VP
stocks NNS B-NP
of IN B-PP
supply NN B-NP
houses NNS I-NP
, , O
may MD B-VP
also RB I-VP
ease VB I-VP
, , O
says VBZ B-VP
Peter NNP B-NP
Sidoti NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc NNP I-NP
. . O

`` `` O
As IN B-SBAR
that DT B-NP
wanes VBZ B-VP
, , O
you PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
see VB I-VP
the DT B-NP
stocks NNS I-NP
probably RB B-ADVP
wane VBP B-VP
as IN B-ADVP
well RB I-ADVP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Hospitals NNS B-NP
companies NNS I-NP
, , O
meanwhile RB B-ADVP
, , O
are VBP B-VP
reporting VBG I-VP
improved VBN B-NP
earnings NNS I-NP
. . O

Bolstered VBN B-VP
by IN B-PP
strong JJ B-NP
performances NNS I-NP
by IN B-PP
its PRP$ B-NP
psychiatric JJ I-NP
hospitals NNS I-NP
, , O
National NNP B-NP
Medical NNP I-NP
Enterprises NNPS I-NP
Inc. NNP I-NP
, , O
Los NNP B-NP
Angeles NNP I-NP
, , O
reported VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
50 CD I-NP
million CD I-NP
, , O
or CC O
65 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
for IN B-PP
the DT B-NP
first JJ I-NP
quarter NN I-NP
ended VBN B-VP
Aug. NNP B-NP
31 CD I-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
41 CD I-NP
million CD I-NP
, , O
or CC O
56 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Humana NNP B-NP
Inc. NNP I-NP
, , O
Louisville NNP B-NP
, , O
Ky. NNP B-NP
, , O
also RB B-ADVP
reported VBD B-VP
favorable JJ B-NP
results NNS I-NP
, , O
with IN B-PP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
66.7 CD I-NP
million CD I-NP
, , O
or CC O
66 CD B-NP
cents NNS I-NP
, , O
in IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
ended VBN B-VP
Aug. NNP B-NP
31 CD I-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
58.2 CD I-NP
million CD I-NP
, , O
or CC O
59 CD B-NP
cents NNS I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Analysts NNS B-NP
say VBP B-VP
the DT B-NP
handful NN I-NP
of IN B-PP
hospital NN B-NP
companies NNS I-NP
that WDT B-NP
are VBP B-VP
still RB I-VP
publicly RB I-VP
traded VBN I-VP
are VBP B-VP
benefiting VBG I-VP
from IN B-PP
several JJ B-NP
trends NNS I-NP
. . O

Most JJS B-ADJP
important JJ I-ADJP
, , O
hospital NN B-NP
admission NN I-NP
rates NNS I-NP
are VBP B-VP
stabilizing VBG I-VP
after IN B-PP
several JJ B-NP
years NNS I-NP
of IN B-PP
decline NN B-NP
. . O

Moreover RB B-ADVP
, , O
companies NNS B-NP
have VBP B-VP
sold VBN I-VP
off IN B-PRT
many NN B-NP
of IN B-PP
their PRP$ B-NP
smaller JJR I-NP
, , I-NP
less-profitable JJ I-NP
hospitals NNS I-NP
and CC O
have VBP B-VP
completed VBN I-VP
painful JJ B-NP
restructurings NNS I-NP
. . O

Humana NNP B-NP
's POS B-NP
revenues NNS I-NP
, , O
for IN B-PP
example NN B-NP
, , O
are VBP B-VP
being VBG I-VP
boosted VBN I-VP
by IN B-PP
large JJ B-NP
increases NNS I-NP
in IN B-PP
enrollments NNS B-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
health NN I-NP
maintenance NN I-NP
organizations NNS I-NP
. . O

Says VBZ B-VP
Todd NNP B-NP
Richter NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Dean NNP B-NP
Witter NNP I-NP
Reynolds NNP I-NP
: : O
`` `` O
The DT B-NP
shakeout NN I-NP
in IN B-PP
the DT B-NP
publicly RB I-NP
traded VBN I-NP
companies NNS I-NP
is VBZ B-VP
over RB B-ADJP
. . O

Initial JJ B-NP
claims NNS I-NP
for IN B-PP
regular JJ B-NP
state NN I-NP
unemployment NN I-NP
benefits NNS I-NP
rose VBD B-VP
to TO B-PP
a DT B-NP
seasonally RB I-NP
adjusted VBN I-NP
396,000 CD I-NP
during IN B-PP
the DT B-NP
week NN I-NP
ended VBN B-VP
Oct. NNP B-NP
7 CD I-NP
from IN B-PP
334,000 CD B-NP
the DT B-NP
previous JJ I-NP
week NN I-NP
, , O
the DT B-NP
Labor NNP I-NP
Department NNP I-NP
said VBD B-VP
. . O

The DT B-NP
number NN I-NP
of IN B-PP
people NNS B-NP
receiving VBG B-VP
regular JJ B-NP
state NN I-NP
benefits NNS I-NP
in IN B-PP
the DT B-NP
week NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
decreased VBD B-VP
to TO B-PP
a DT B-NP
seasonally RB I-NP
adjusted VBN I-NP
2,202,000 CD I-NP
, , O
or CC O
2.2 CD B-NP
% NN I-NP
of IN B-PP
those DT B-NP
covered VBN B-VP
by IN B-PP
unemployment NN B-NP
insurance NN I-NP
, , O
from IN B-PP
2,205,000 CD B-NP
the DT B-NP
previous JJ I-NP
week NN I-NP
, , O
when WRB B-ADVP
the DT B-NP
insured VBN I-NP
unemployment NN I-NP
rate NN I-NP
also RB B-ADVP
was VBD B-VP
2.2 CD B-NP
% NN I-NP
. . O

Counting VBG B-PP
all DT B-NP
state NN I-NP
and CC I-NP
federal JJ I-NP
benefit NN I-NP
programs NNS I-NP
, , O
the DT B-NP
number NN I-NP
of IN B-PP
people NNS B-NP
receiving VBG B-VP
unemployment NN B-NP
benefits NNS I-NP
in IN B-PP
the DT B-NP
week NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
fell VBD B-VP
to TO B-PP
1,809,300 CD B-NP
from IN B-PP
1,838,200 CD B-NP
a DT B-NP
week NN I-NP
earlier RBR B-ADVP
. . O

These DT B-NP
figures NNS I-NP
are VBP B-VP
n't RB I-VP
seasonally RB I-VP
adjusted VBN I-VP
. . O

A DT B-NP
Labor NNP I-NP
Department NNP I-NP
spokesman NN I-NP
said VBD B-VP
the DT B-NP
unusually RB I-NP
high JJ I-NP
number NN I-NP
of IN B-PP
initial JJ B-NP
claims NNS I-NP
for IN B-PP
state NN B-NP
unemployment NN I-NP
benefits NNS I-NP
reflects VBZ B-VP
the DT B-NP
impact NN I-NP
of IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
on IN B-PP
southern JJ B-NP
states NNS I-NP
, , B-NP
particularly RB I-NP
North NNP B-NP
Carolina NNP I-NP
and CC O
South NNP B-NP
Carolina NNP I-NP
. . O

The DT B-NP
figure NN I-NP
also RB B-ADVP
may MD B-VP
reflect VB I-VP
initial JJ B-NP
claims NNS I-NP
filed VBN B-VP
by IN B-PP
striking JJ B-NP
Nynex NNP I-NP
Corp. NNP I-NP
workers NNS I-NP
who WP B-NP
have VBP B-VP
become VBN I-VP
eligible JJ B-ADJP
for IN B-PP
unemployment NN B-NP
benefits NNS I-NP
, , O
the DT B-NP
official NN I-NP
said VBD B-VP
. . O

Digital NNP B-NP
Equipment NNP I-NP
Corp. NNP I-NP
reported VBD B-VP
a DT B-NP
32 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
net JJ B-NP
income NN I-NP
on IN B-PP
a DT B-NP
modest JJ I-NP
revenue NN I-NP
gain NN I-NP
in IN B-PP
its PRP$ B-NP
fiscal JJ I-NP
first JJ I-NP
quarter NN I-NP
, , O
causing VBG B-VP
some DT B-NP
analysts NNS I-NP
to TO B-VP
predict VB I-VP
weaker JJR B-NP
results NNS I-NP
ahead RB B-ADVP
than IN B-SBAR
they PRP B-NP
had VBD B-VP
expected VBN I-VP
. . O

Although IN B-SBAR
the DT B-NP
second-largest JJ I-NP
computer NN I-NP
maker NN I-NP
had VBD B-VP
prepared VBN I-VP
Wall NNP B-NP
Street NNP I-NP
for IN B-PP
a DT B-NP
poor JJ I-NP
quarter NN I-NP
, , O
analysts NNS B-NP
said VBD B-VP
they PRP B-NP
were VBD B-VP
troubled JJ I-VP
by IN B-PP
signs NNS B-NP
of IN B-PP
flat JJ B-NP
U.S. NNP I-NP
orders NNS I-NP
and CC O
a DT B-NP
slowdown NN I-NP
in IN B-PP
the DT B-NP
rate NN I-NP
of IN B-PP
gain NN B-NP
in IN B-PP
foreign JJ B-NP
orders NNS I-NP
. . O

The DT B-NP
Maynard NNP I-NP
, , I-NP
Mass. NNP I-NP
, , I-NP
company NN I-NP
is VBZ B-VP
in IN B-PP
a DT B-NP
transition NN I-NP
in IN B-PP
which WDT B-NP
it PRP B-NP
is VBZ B-VP
trying VBG I-VP
to TO I-VP
reduce VB I-VP
its PRP$ B-NP
reliance NN I-NP
on IN B-PP
mid-range JJ B-NP
machines NNS I-NP
and CC O
establish VB B-VP
a DT B-NP
presence NN I-NP
in IN B-PP
workstations NNS B-NP
and CC I-NP
mainframes NNS I-NP
. . O

Net JJ B-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
150.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.20 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
223 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.71 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Revenue NN B-NP
rose VBD B-VP
6.4 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
3.13 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.94 CD I-NP
billion CD I-NP
. . O

Digital NNP B-NP
said VBD B-VP
a DT B-NP
shift NN I-NP
in IN B-PP
its PRP$ B-NP
product NN I-NP
mix NN I-NP
toward IN B-PP
low-end JJ B-NP
products NNS I-NP
and CC O
strong JJ B-NP
growth NN I-NP
in IN B-PP
workstation NN B-NP
sales NNS I-NP
yielded VBD B-VP
lower JJR B-NP
gross JJ I-NP
margins NNS I-NP
. . O

A DT B-NP
spokesman NN I-NP
also RB B-ADVP
said VBD B-VP
margins NNS B-NP
for IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
service NN I-NP
business NN I-NP
narrowed VBD B-VP
somewhat RB B-ADVP
because IN B-PP
of IN I-PP
heavy JJ B-NP
investments NNS I-NP
made VBN B-VP
in IN B-PP
that DT B-NP
sector NN I-NP
. . O

The DT B-NP
lack NN I-NP
of IN B-PP
a DT B-NP
strong JJ I-NP
product NN I-NP
at IN B-PP
the DT B-NP
high JJ I-NP
end NN I-NP
of IN B-PP
Digital NNP B-NP
's POS B-NP
line NN I-NP
was VBD B-VP
a DT B-NP
significant JJ I-NP
drag NN I-NP
on IN B-PP
sales NNS B-NP
. . O

Digital NNP B-NP
hopes VBZ B-VP
to TO I-VP
address VB I-VP
that IN B-NP
with IN B-PP
the DT B-NP
debut NN I-NP
of IN B-PP
its PRP$ B-NP
first JJ I-NP
mainframe-class JJ I-NP
computers NNS I-NP
next JJ B-NP
Tuesday NNP I-NP
. . O

The DT B-NP
new JJ I-NP
line NN I-NP
is VBZ B-VP
aimed VBN I-VP
directly RB B-ADVP
at IN B-PP
International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp NNP I-NP
. . O

`` `` O
Until IN B-SBAR
the DT B-NP
new JJ I-NP
mainframe NN I-NP
products NNS I-NP
kick VBP B-VP
in IN B-PRT
, , O
there EX B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
a DT B-NP
lot NN I-NP
of IN B-PP
revenue NN B-NP
contribution NN I-NP
at IN B-PP
the DT B-NP
high JJ I-NP
end NN I-NP
, , O
and CC O
that DT B-NP
's VBZ B-VP
hurt VBN I-VP
us PRP B-NP
, , O
'' '' O
said VBD B-VP
Mark NNP B-NP
Steinkrauss NNP I-NP
, , O
Digital NNP B-NP
's POS B-NP
director NN I-NP
of IN B-PP
investor NN B-NP
relations NNS I-NP
. . O

He PRP B-NP
said VBD B-VP
unfavorable JJ B-NP
currency NN I-NP
translations NNS I-NP
were VBD B-VP
also RB B-ADVP
a DT B-NP
factor NN I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
. . O

DEC NNP B-NP
shares NNS I-NP
rose VBD B-VP
$ $ B-NP
1.375 CD I-NP
to TO B-PP
$ $ B-NP
89.75 CD I-NP
apiece RB I-NP
in IN B-PP
consolidated JJ B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
trading NN I-NP
yesterday NN B-NP
. . O

But CC O
analysts NNS B-NP
said VBD B-VP
that IN B-SBAR
against IN B-PP
the DT B-NP
backdrop NN I-NP
of IN B-PP
a DT B-NP
nearly RB I-NP
40-point JJ I-NP
rise NN I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
, , O
that WDT B-NP
should MD B-VP
n't RB I-VP
necessarily RB I-VP
be VB I-VP
taken VBN I-VP
as IN B-PP
a DT B-NP
sign NN I-NP
of IN B-PP
great JJ B-NP
strength NN I-NP
. . O

Some DT B-NP
cut VB B-VP
their PRP$ B-NP
earnings NNS I-NP
estimates NNS I-NP
for IN B-PP
the DT B-NP
stock NN I-NP
this DT B-NP
year NN I-NP
and CC O
predicted VBD B-VP
more JJR B-NP
efforts NNS I-NP
to TO B-VP
control VB I-VP
costs NNS B-NP
ahead RB B-ADVP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
the DT B-NP
next JJ I-NP
few JJ I-NP
quarters NNS I-NP
will MD B-VP
be VB I-VP
difficult JJ B-ADJP
, , O
'' '' O
said VBD B-VP
Steven NNP B-NP
Milunovich NNP I-NP
of IN B-PP
First NNP B-NP
Boston NNP I-NP
. . O

`` `` O
Margins NNS B-NP
will MD B-VP
remain VB I-VP
under IN B-PP
pressure NN B-NP
, , O
and CC O
when WRB B-ADVP
the DT B-NP
new JJ I-NP
mainframe NN I-NP
does VBZ B-VP
ship NN I-VP
, , O
I PRP B-NP
'm VBP B-VP
not RB O
sure JJ B-ADJP
it PRP B-NP
will MD B-VP
be VB I-VP
a DT B-NP
big JJ I-NP
winner NN I-NP
. . O

'' '' O
Mr. NNP B-NP
Milunovich NNP I-NP
said VBD B-VP
he PRP B-NP
was VBD B-VP
revising VBG I-VP
his PRP$ B-NP
estimate NN I-NP
for IN B-PP
DEC NNP B-NP
's POS B-NP
current JJ I-NP
year NN I-NP
from IN B-PP
$ $ B-NP
8.20 CD I-NP
a DT B-NP
share NN I-NP
to TO B-PP
`` `` O
well RB B-ADVP
below IN B-PP
$ $ B-NP
8 CD I-NP
, , O
'' '' O
although IN B-SBAR
he PRP B-NP
has VBZ B-VP
n't RB I-VP
settled VBN I-VP
on IN B-PP
a DT B-NP
final JJ I-NP
number NN I-NP
. . O

One CD B-NP
troubling JJ I-NP
aspect NN I-NP
of IN B-PP
DEC NNP B-NP
's POS B-NP
results NNS I-NP
, , O
analysts NNS B-NP
said VBD B-VP
, , O
was VBD B-VP
its PRP$ B-NP
performance NN I-NP
in IN B-PP
Europe NNP B-NP
. . O

DEC NNP B-NP
said VBD B-VP
its PRP$ B-NP
overseas JJ I-NP
business NN I-NP
, , O
which WDT B-NP
now RB B-ADVP
accounts VBZ B-VP
for IN B-PP
more JJR B-NP
than IN I-NP
half NN I-NP
of IN B-PP
sales NNS B-NP
, , O
improved VBN B-VP
in IN B-PP
the DT B-NP
quarter NN I-NP
. . O

It PRP B-NP
even RB B-ADVP
took VBD B-VP
the DT B-NP
unusually RB I-NP
frank JJ I-NP
step NN I-NP
of IN B-PP
telling VBG B-VP
analysts NNS B-NP
in IN B-PP
a DT B-NP
morning NN I-NP
conference NN I-NP
call NN I-NP
that IN B-SBAR
orders NNS B-NP
in IN B-PP
Europe NNP B-NP
were VBD B-VP
up IN B-ADVP
in IN B-PP
`` `` O
double JJ B-NP
digits NNS I-NP
'' '' O
in IN B-PP
foreign-currency NN B-NP
terms NNS I-NP
. . O

That DT B-NP
gain NN I-NP
probably RB B-ADVP
translated VBD B-VP
into IN B-PP
about IN B-NP
5 NN I-NP
% NN I-NP
to TO I-NP
7 CD I-NP
% NN I-NP
in IN B-PP
dollar NN B-NP
terms NNS I-NP
, , O
well RB B-ADVP
below IN B-PP
recent JJ B-NP
quarters NNS I-NP
' POS B-NP
gains NNS I-NP
of IN B-PP
above IN B-NP
20 CD I-NP
% NN I-NP
, , O
reckons VBZ B-VP
Jay NNP B-NP
Stevens NNP I-NP
of IN B-PP
Dean NNP B-NP
Witter NNP I-NP
Reynolds NNP I-NP
. . O

`` `` O
That DT B-NP
was VBD B-VP
a DT B-NP
disappointment NN I-NP
'' '' O
and CC O
a DT B-NP
sign NN I-NP
of IN B-PP
overall JJ B-NP
computer-market JJ I-NP
softness NN I-NP
in IN B-PP
Europe NNP B-NP
, , O
Mr. NNP B-NP
Stevens NNP I-NP
said VBD B-VP
. . O

Marc NNP B-NP
Schulman NNP I-NP
, , O
with IN B-PP
UBS NNP B-NP
Securities NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
dropped VBD B-VP
his PRP$ B-NP
estimate NN I-NP
of IN B-PP
DEC NNP B-NP
's POS B-NP
full-year JJ I-NP
net JJ I-NP
to TO B-PP
$ $ B-NP
6.80 CD I-NP
a DT B-NP
share NN I-NP
from IN B-PP
$ $ B-NP
8 CD I-NP
. . O

Although IN B-SBAR
overall JJ B-NP
revenues NNS I-NP
were VBD B-VP
stronger JJR B-ADJP
, , O
Mr. NNP B-NP
Schulman NNP I-NP
said VBD B-VP
, , O
DEC NNP B-NP
`` `` O
drew VBD B-VP
down RB B-ADVP
its PRP$ B-NP
European JJ I-NP
backlog NN I-NP
'' '' O
and CC O
had VBD B-VP
flat JJ B-NP
world-wide JJ I-NP
orders NNS I-NP
overall JJ B-ADVP
. . O

`` `` O
The DT B-NP
bottom NN I-NP
line NN I-NP
is VBZ B-VP
that IN B-SBAR
it PRP B-NP
's VBZ B-VP
more JJR B-ADJP
hand NN I-ADJP
to TO I-ADJP
mouth NN I-ADJP
than IN B-SBAR
it PRP B-NP
has VBZ B-VP
been VBN I-VP
before RB B-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Mr. NNP B-NP
Schulman NNP I-NP
said VBD B-VP
he PRP B-NP
believes VBZ B-VP
that IN B-SBAR
the DT B-NP
roll-out NN I-NP
of IN B-PP
DEC NNP B-NP
's POS B-NP
new JJ I-NP
mainframe NN I-NP
will MD B-VP
`` `` O
occur VB B-VP
somewhat RB B-ADVP
more RBR I-ADVP
leisurely JJ I-ADVP
'' '' O
than IN B-SBAR
many NN B-NP
of IN B-PP
his PRP$ B-NP
investment NN I-NP
colleagues NNS I-NP
expect VBP B-VP
. . O

He PRP B-NP
said VBD B-VP
current JJ B-NP
expectations NNS I-NP
are VBP B-VP
for IN B-SBAR
an DT B-NP
entry NN I-NP
level NN I-NP
machine NN I-NP
to TO B-VP
be VB I-VP
shipped VBN I-VP
in IN B-PP
December NNP B-NP
, , O
with IN B-SBAR
all DT B-NP
of IN B-PP
the DT B-NP
more RBR I-NP
sophisticated JJ I-NP
versions NNS I-NP
out IN B-ADVP
by IN B-PP
June NNP B-NP
. . O

For IN B-PP
reasons NNS B-NP
he PRP B-NP
would MD B-VP
n't RB I-VP
elaborate VB I-VP
on IN B-PP
, , O
he PRP B-NP
said VBD B-VP
he PRP B-NP
's VBZ B-VP
sure JJ B-ADJP
that DT B-NP
schedule NN I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
met VBN I-VP
, , O
meaning NN B-VP
less JJR B-NP
profit NN I-NP
impact NN I-NP
from IN B-PP
the DT B-NP
product NN I-NP
for IN B-PP
DEC NNP B-NP
in IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
quarters NNS I-NP
. . O

John NNP B-NP
R. NNP I-NP
Wilke NNP I-NP
contributed VBD B-VP
to TO B-PP
this DT B-NP
article NN I-NP
. . O

Colgate NNP B-NP
Palmolive NNP I-NP
Co. NNP I-NP
reported VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
rose VBD B-VP
27 CD B-NP
% NN I-NP
, , O
bolstered VBN B-VP
by IN B-PP
strong JJ B-NP
sales NNS I-NP
in IN B-PP
its PRP$ B-NP
Latin NNP I-NP
American JJ I-NP
business NN I-NP
and CC O
surprisingly RB B-NP
healthy JJ I-NP
profits NNS I-NP
from IN B-PP
U.S. NNP B-NP
operations NNS I-NP
. . O

Colgate NNP B-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
76.7 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.06 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
that WDT B-NP
increased VBD B-VP
6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.3 CD I-NP
billion CD I-NP
. . O

In IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
, , O
Colgate NNP B-NP
posted VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
60.2 CD I-NP
million CD I-NP
, , O
or CC O
88 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Last JJ B-NP
year NN I-NP
's POS B-NP
results NNS I-NP
included VBD B-VP
earnings NNS B-NP
from IN B-PP
discontinued VBN B-NP
operations NNS I-NP
of IN B-PP
$ $ B-NP
13.1 CD I-NP
million CD I-NP
, , O
or CC O
19 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Reuben NNP B-NP
Mark NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Colgate NNP B-NP
, , O
said VBD B-VP
earnings NNS B-NP
growth NN I-NP
was VBD B-VP
fueled VBN I-VP
by IN B-PP
strong JJ B-NP
sales NNS I-NP
in IN B-PP
Latin NNP B-NP
America NNP I-NP
, , O
the DT B-NP
Far NNP I-NP
East NNP I-NP
and CC O
Europe NNP B-NP
. . O

Results NNS B-NP
were VBD B-VP
also RB I-VP
bolstered VBN I-VP
by IN B-PP
`` `` O
a DT B-NP
very RB I-NP
meaningful JJ I-NP
increase NN I-NP
in IN B-PP
operating VBG B-NP
profit NN I-NP
at IN B-PP
Colgate NNP B-NP
's POS B-NP
U.S. NNP I-NP
business NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Operating NN B-NP
profit NN I-NP
at IN B-PP
Colgate NNP B-NP
's POS B-NP
U.S. NNP I-NP
household NN I-NP
products NNS I-NP
and CC I-NP
personal JJ I-NP
care NN I-NP
businesses NNS I-NP
, , O
which WDT B-NP
include VBP B-VP
such JJ B-NP
well-known JJ I-NP
brands NNS I-NP
as IN B-PP
Colgate NNP B-NP
toothpaste NN I-NP
and CC O
Fab NNP B-NP
laundry NN I-NP
detergent NN I-NP
, , O
jumped VBD B-VP
more JJR B-NP
than IN I-NP
40 CD I-NP
% NN I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Mr. NNP B-NP
Mark NNP I-NP
attributed VBD B-VP
the DT B-NP
improvement NN I-NP
to TO B-PP
cost VB B-NP
savings NNS I-NP
achieved VBN B-VP
by IN B-PP
consolidating VBG B-VP
manufacturing NN B-NP
operations NNS I-NP
, , O
blending VBG B-VP
together RB B-ADVP
two CD B-NP
sales NNS I-NP
organizations NNS I-NP
and CC O
more RBR B-VP
carefully RB I-VP
focusing VBG I-VP
the DT B-NP
company NN I-NP
's POS B-NP
promotional JJ I-NP
activities NNS I-NP
. . O

`` `` O
We PRP B-NP
've VBP B-VP
done VBN I-VP
a DT B-NP
lot NN I-NP
to TO B-VP
improve VB I-VP
-LRB- ( O
U.S. NNP O
. . O
-RRB- ) O
results NNS B-NP
and CC O
a DT B-NP
lot NN I-NP
more JJR I-NP
will MD B-VP
be VB I-VP
done VBN I-VP
, , O
'' '' O
Mr. NNP B-NP
Mark NNP I-NP
said VBD B-VP
. . O

`` `` O
Improving VBG B-NP
profitability NN I-NP
of IN B-PP
U.S. NNP B-NP
operations NNS I-NP
is VBZ B-VP
an DT B-NP
extremely RB I-NP
high JJ I-NP
priority NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
. . O
'' '' O

Colgate NNP B-NP
's POS B-NP
results NNS I-NP
were VBD B-VP
at IN B-PP
the DT B-NP
high JJ I-NP
end NN I-NP
of IN B-PP
the DT B-NP
range NN I-NP
of IN B-PP
analysts NNS B-NP
' POS B-NP
forecasts NNS I-NP
. . O

The DT B-NP
scope NN I-NP
of IN B-PP
the DT B-NP
improvement NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
business NN I-NP
caught VBD B-VP
some DT B-NP
analysts NNS I-NP
by IN B-PP
surprise NN B-NP
. . O

The DT B-NP
company NN I-NP
's POS B-NP
domestic JJ I-NP
business NN I-NP
, , O
especially RB B-NP
its PRP$ I-NP
household NN I-NP
products NNS I-NP
division NN I-NP
, , O
has VBZ B-VP
performed VBN I-VP
poorly RB B-ADVP
for IN B-PP
years NNS B-NP
. . O

Analysts NNS B-NP
say VBP B-VP
the DT B-NP
earnings NNS I-NP
improvement NN I-NP
came VBD B-VP
from IN B-PP
cutting VBG B-VP
costs NNS B-NP
rather RB B-CONJP
than IN I-CONJP
increasing VBG B-VP
sales NNS B-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
net JJ B-NP
increased VBN B-VP
14 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
217.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.09 CD I-NP
a DT B-NP
share NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
7 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
3.8 CD I-NP
billion CD I-NP
. . O

The DT B-NP
company NN I-NP
earned VBD B-VP
$ $ B-NP
191.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.79 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Colgate NNP B-NP
's POS B-NP
1988 CD I-NP
net JJ I-NP
income NN I-NP
included VBD B-VP
$ $ B-NP
40.1 CD I-NP
million CD I-NP
, , O
or CC O
59 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
discontinued VBN B-NP
operations NNS I-NP
. . O

Colgate NNP B-NP
sold VBD B-VP
its PRP$ B-NP
hospital NN I-NP
supply NN I-NP
and CC I-NP
home NN I-NP
health NN I-NP
care NN I-NP
business NN I-NP
last JJ B-NP
year NN I-NP
. . O

Separately RB B-ADVP
, , O
Colgate NNP B-NP
Wednesday NNP B-NP
finalized VBD B-VP
an DT B-NP
agreement NN I-NP
with IN B-PP
MacroChem NNP B-NP
Corp. NNP I-NP
, , O
a DT B-NP
tiny JJ I-NP
dental JJ I-NP
products NNS I-NP
and CC I-NP
pharmaceutical JJ I-NP
concern NN I-NP
based VBN B-VP
in IN B-PP
Billerica NNP B-NP
, , O
Mass. NNP B-NP
, , O
to TO B-VP
market VB I-VP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
four CD B-NP
of IN B-PP
MacroChem NNP B-NP
's POS B-NP
FDA-approved JJ I-NP
dental JJ I-NP
products NNS I-NP
. . O

The DT B-NP
products NNS I-NP
-- : O
sealants NNS B-NP
and CC O
bonding VBG B-NP
materials NNS I-NP
used VBN B-VP
by IN B-PP
dentists NNS B-NP
-- : O
all DT O
contain VB B-VP
fluoride NN B-NP
that WDT B-NP
is VBZ B-VP
released VBN I-VP
over IN B-PP
time NN B-NP
. . O

The DT B-NP
move NN I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
a DT B-NP
drive NN I-NP
to TO B-VP
increase VB I-VP
Colgate NNP B-NP
's POS B-NP
business NN I-NP
with IN B-PP
dentists NNS B-NP
, , O
a DT B-NP
company NN I-NP
spokeswoman NN I-NP
said VBD B-VP
. . O

Terms NNS B-NP
of IN B-PP
the DT B-NP
agreement NN I-NP
were VBD B-VP
n't RB I-VP
given VBN I-VP
. . O

USACafes NNP B-NP
Limited NNP I-NP
Partnership NNP I-NP
said VBD B-VP
it PRP B-NP
completed VBD B-VP
the DT B-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
Bonanza NNP I-NP
restaurant NN I-NP
franchise NN I-NP
system NN I-NP
to TO B-PP
a DT B-NP
subsidiary NN I-NP
of IN B-PP
Metromedia NNP B-NP
Co. NNP I-NP
for IN B-PP
$ $ B-NP
71 CD I-NP
million CD I-NP
in IN B-PP
cash NN B-NP
. . O

USACafes NNP B-NP
, , O
which WDT B-NP
is VBZ B-VP
nearly RB B-ADJP
half-owned JJ I-ADJP
by IN B-PP
Sam NNP B-NP
and CC I-NP
Charles NNP I-NP
Wyly NNP I-NP
of IN B-PP
Dallas NNP B-NP
, , O
said VBD B-VP
it PRP B-NP
will MD B-VP
distribute VB I-VP
proceeds NNS B-NP
from IN B-PP
the DT B-NP
sale NN I-NP
to TO B-PP
unit NN B-NP
holders NNS I-NP
as IN B-PP
a DT B-NP
liquidating VBG I-NP
dividend NN I-NP
as RB B-ADVP
soon RB I-ADVP
as IN B-PP
possible JJ B-ADJP
. . O

The DT B-NP
Bonanza NNP I-NP
franchise NN I-NP
system NN I-NP
, , O
which WDT B-NP
generates VBZ B-VP
about RB B-NP
$ $ I-NP
600 CD I-NP
million CD I-NP
in IN B-PP
sales NNS B-NP
annually RB B-ADVP
, , O
represented VBD B-VP
substantially RB B-NP
all DT I-NP
of IN B-PP
the DT B-NP
partnership NN I-NP
's POS B-NP
assets NNS I-NP
. . O

The DT B-NP
sale NN I-NP
of IN B-PP
the DT B-NP
system NN I-NP
has VBZ B-VP
been VBN I-VP
challenged VBN I-VP
in IN B-PP
a DT B-NP
class-action JJ I-NP
suit NN I-NP
on IN B-PP
behalf NN B-NP
of IN B-PP
unit NN B-NP
holders NNS I-NP
filed VBD B-VP
last JJ B-NP
week NN I-NP
in IN B-PP
a DT B-NP
Delaware NNP I-NP
court NN I-NP
, , O
USACafes NNP B-NP
said VBD B-VP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
believes VBZ B-VP
the DT B-NP
suit NN I-NP
is VBZ B-VP
without IN B-PP
merit NN B-NP
. . O

American NNP B-NP
Telephone NNP I-NP
& CC I-NP
Telegraph NNP I-NP
Co. NNP I-NP
unveiled VBD B-VP
a DT B-NP
sweetened VBN I-NP
pension NN I-NP
and CC O
early-retirement NN B-NP
program NN I-NP
for IN B-PP
management NN B-NP
that IN B-NP
it PRP B-NP
hopes VBZ B-VP
will MD B-VP
enable VB I-VP
it PRP B-NP
to TO B-VP
save VB I-VP
$ $ B-NP
450 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
next JJ I-NP
year NN I-NP
. . O

AT&T NNP B-NP
also RB B-ADVP
said VBD B-VP
net JJ B-NP
income NN I-NP
rose VBD B-VP
19 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

AT&T NNP B-NP
said VBD B-VP
its PRP$ B-NP
amended VBN I-NP
pension NN I-NP
program NN I-NP
will MD B-VP
nearly RB I-VP
double JJ I-VP
to TO B-PP
34,000 CD B-NP
the DT B-NP
number NN I-NP
of IN B-PP
managers NNS B-NP
eligible JJ B-ADJP
to TO B-VP
retire VB I-VP
with IN B-PP
immediate JJ B-NP
pension NN I-NP
payments NNS I-NP
. . O

AT&T NNP B-NP
said VBD B-VP
that WDT B-SBAR
based VBD B-PP
on IN B-PP
studies NNS B-NP
of IN B-PP
other JJ B-NP
companies NNS I-NP
that WDT B-NP
have VBP B-VP
offered VBN I-VP
retirement NN B-NP
plans NNS I-NP
, , O
it PRP B-NP
expects VBZ B-VP
about IN B-NP
one-third NN I-NP
of IN B-PP
its PRP$ B-NP
eligible JJ I-NP
managers NNS I-NP
to TO B-VP
retire VB I-VP
under IN B-PP
the DT B-NP
new JJ I-NP
program NN I-NP
. . O

AT&T NNP B-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
grew VBD B-VP
, , O
despite IN B-NP
stiff JJ B-NP
competition NN I-NP
in IN B-PP
all DT B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
markets NNS I-NP
. . O

Net JJ B-NP
income NN I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
699 CD I-NP
million CD I-NP
, , O
or CC O
65 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
the DT B-NP
year-earlier JJ I-NP
$ $ I-NP
587 CD I-NP
million CD I-NP
, , O
or CC O
55 NN B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
edged VBD B-VP
up IN B-PRT
to TO B-PP
$ $ B-NP
8.9 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
8.81 CD I-NP
billion CD I-NP
. . O

The DT B-NP
latest JJS I-NP
period NN I-NP
's POS B-NP
net NN I-NP
was VBD B-VP
reduced VBN I-VP
$ $ B-NP
102 CD I-NP
million CD I-NP
, , O
or CC O
nine CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
for IN B-PP
a DT B-NP
change NN I-NP
in IN B-PP
depreciation NN B-NP
method NN I-NP
and CC O
concurrent JJ B-NP
changes NNS I-NP
in IN B-PP
estimates NNS B-NP
of IN B-PP
depreciable JJ B-NP
lives NNS I-NP
and CC O
net JJ B-NP
salvage NN I-NP
for IN B-PP
certain JJ B-NP
telecommunications NNS I-NP
equipment NN I-NP
. . O

The DT B-NP
results NNS I-NP
roughly RB B-VP
matched VBN I-VP
estimates NNS B-NP
of IN B-PP
securities NNS B-NP
analysts NNS I-NP
, , O
who WP B-NP
were VBD B-VP
encouraged VBN I-VP
by IN B-PP
AT&T NNP B-NP
increasing VBG B-VP
its PRP$ B-NP
operating NN I-NP
margin NN I-NP
to TO B-PP
13 CD B-NP
% NN I-NP
from IN B-PP
11 CD B-NP
% NN I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
because IN B-PP
of IN I-PP
continued VBN B-NP
cost-cutting JJ I-NP
efforts NNS I-NP
. . O

Sales NNS B-NP
of IN B-PP
long-distance JJ B-NP
services NNS I-NP
, , O
an DT B-NP
extremely RB I-NP
competitive JJ I-NP
market NN I-NP
, , O
rose VBD B-VP
6.4 CD B-NP
% NN I-NP
. . O

But CC O
the DT B-NP
growth NN I-NP
was VBD B-VP
partly RB I-VP
offset VB I-VP
by IN B-PP
lower JJR B-NP
equipment NN I-NP
sales NNS I-NP
and CC I-NP
rentals NNS I-NP
and CC O
price NN B-NP
cuts NNS I-NP
on IN B-PP
some DT B-NP
products NNS I-NP
. . O

Under IN B-PP
the DT B-NP
amended VBN I-NP
pension NN I-NP
program NN I-NP
, , O
AT&T NNP B-NP
managers NNS I-NP
who WP B-NP
have VBP B-VP
at IN B-NP
least JJS I-NP
five CD I-NP
years NNS I-NP
of IN B-PP
service NN B-NP
will MD B-VP
have VB I-VP
five CD B-NP
years NNS I-NP
added VBD B-VP
to TO B-PP
their PRP$ B-NP
age NN I-NP
and CC I-NP
length NN I-NP
of IN B-PP
service NN B-NP
for IN B-PP
pension NN B-NP
purposes NNS I-NP
. . O

Managers NNS B-NP
who WP B-NP
retire VBP B-VP
Dec. NNP B-NP
30 CD I-NP
will MD B-VP
have VB I-VP
an DT B-NP
additional JJ I-NP
15 CD I-NP
% NN I-NP
added VBD B-VP
to TO B-PP
their PRP$ B-NP
monthly JJ I-NP
pension NN I-NP
for IN B-PP
as RB B-NP
long RB I-NP
as IN I-NP
five CD I-NP
years NNS I-NP
or CC O
age NN B-NP
65 CD I-NP
, , O
whichever WDT B-NP
comes VBZ B-VP
earlier RBR B-ADVP
. . O

An DT B-NP
AT&T NNP I-NP
spokeswoman NN I-NP
said VBD B-VP
the DT B-NP
company NN I-NP
would MD B-VP
likely RB I-VP
replace VB I-VP
about IN B-NP
one-third NN I-NP
of IN B-PP
its PRP$ B-NP
managers NNS I-NP
who WP B-NP
choose VBP B-VP
to TO I-VP
retire VB I-VP
with IN B-PP
new JJ B-NP
employees NNS I-NP
. . O

Analysts NNS B-NP
hailed VBD B-VP
the DT B-NP
sweetened VBN I-NP
pension NN I-NP
package NN I-NP
, , O
which WDT B-NP
they PRP B-NP
said VBD B-VP
had VBN B-VP
been VBN I-VP
the DT B-NP
subject NN I-NP
of IN B-PP
rumors NNS B-NP
for IN B-PP
several JJ B-NP
months NNS I-NP
. . O

`` `` O
This DT B-NP
tells VBZ B-VP
you PRP B-NP
AT&T NNP B-NP
is VBZ B-VP
serious JJ B-ADJP
about IN B-PP
continuing VBG B-VP
to TO I-VP
manage VB I-VP
their PRP$ B-NP
cost NN I-NP
structure NN I-NP
and CC O
is VBZ B-VP
committed VBN I-VP
to TO B-PP
20%-a-year VB B-NP
earnings NNS I-NP
growth NN I-NP
, , O
'' '' O
said VBD B-VP
Jack NNP B-NP
Grubman NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
PaineWebber NNP B-NP
Inc NNP I-NP
. . O

But CC O
other JJ B-NP
analysts NNS I-NP
expressed VBD B-VP
disappointment NN B-NP
that IN B-SBAR
the DT B-NP
cost-cutting JJ I-NP
move NN I-NP
wo MD B-VP
n't RB I-VP
result VB I-VP
in IN B-PP
even RB B-NP
greater JJR I-NP
earnings NNS I-NP
growth NN I-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
a DT B-NP
good JJ I-NP
move NN I-NP
, , O
but CC O
it PRP B-NP
only RB B-ADVP
gets VBZ B-VP
you PRP B-NP
to TO B-PP
where WRB B-ADVP
people NNS B-NP
's POS B-NP
expectations NNS I-NP
already RB B-ADVP
are VBP B-VP
, , O
'' '' O
in IN B-PP
terms NNS B-NP
of IN B-PP
earnings NNS B-NP
growth NN I-NP
, , O
said VBD B-VP
Joel NNP B-NP
D. NNP I-NP
Gross NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Donaldson NNP B-NP
, , I-NP
Lufkin NNP I-NP
& CC I-NP
Jenrette NNP I-NP
. . O

Mr. NNP B-NP
Gross NNP I-NP
said VBD B-VP
he PRP B-NP
had VBD B-VP
hoped VBN I-VP
that IN B-SBAR
a DT B-NP
cost NN I-NP
savings NNS I-NP
of IN B-PP
$ $ B-NP
450 CD I-NP
million CD I-NP
would MD B-VP
result VB I-VP
in IN B-PP
even RB B-NP
greater JJR I-NP
growth NN I-NP
than IN B-PP
the DT B-NP
20 CD I-NP
% NN I-NP
annual JJ I-NP
earnings NNS I-NP
increase NN I-NP
AT&T NNP B-NP
has VBZ B-VP
told VBN I-VP
analysts NNS B-NP
it PRP B-NP
expects VBZ B-VP
in IN B-PP
the DT B-NP
future NN I-NP
. . O

AT&T NNP B-NP
said VBD B-VP
the DT B-NP
special JJ I-NP
retirement NN I-NP
option NN I-NP
will MD B-VP
increase VB I-VP
fourth-quarter JJ B-NP
expenses NNS I-NP
. . O

But CC O
the DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
amount NN I-NP
ca MD B-VP
n't RB I-VP
be VB I-VP
determined VBN I-VP
until IN B-SBAR
it PRP B-NP
knows VBZ B-VP
how WRB B-NP
many JJ I-NP
managers NNS I-NP
opt VBP B-VP
to TO I-VP
retire VB I-VP
. . O

AT&T NNP B-NP
said VBD B-VP
the DT B-NP
expense NN I-NP
increase NN I-NP
will MD B-VP
be VB I-VP
largely RB I-VP
offset VB I-VP
by IN B-PP
a DT B-NP
gain NN I-NP
from IN B-PP
its PRP$ B-NP
previously RB I-NP
announced VBD I-NP
plan NN I-NP
to TO B-VP
swap VB I-VP
its PRP$ B-NP
holdings NNS I-NP
in IN B-PP
Ing NNP B-NP
. . I-NP
C. NNP I-NP
Olivetti NNP I-NP
& CC I-NP
Co. NNP I-NP
for IN B-PP
shares NNS B-NP
in IN B-PP
Cie NNP B-NP
. . I-NP
Industriali NNP I-NP
Riunite NNP I-NP
, , O
an DT B-NP
Italian JJ I-NP
holding NN I-NP
company NN I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
AT&T NNP B-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
was VBD B-VP
$ $ B-NP
1.99 CD I-NP
billion CD I-NP
, , O
or CC O
$ $ B-NP
1.85 CD I-NP
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
19 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
1.67 CD I-NP
billion CD I-NP
, , O
or CC O
$ $ B-NP
1.56 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
gained VBD B-VP
3.1 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
26.81 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
26 CD I-NP
billion CD I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
yesterday NN B-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
AT&T NNP B-NP
shares NNS I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
43.375 CD I-NP
, , O
up IN B-ADVP
87.5 CD B-NP
cents NNS I-NP
. . O

When WRB B-ADVP
it PRP B-NP
comes VBZ B-VP
to TO B-PP
buying VBG B-VP
and CC I-VP
selling VBG I-VP
shares NNS B-NP
, , O
Westridge NNP B-NP
Capital NNP I-NP
Management NNP I-NP
Inc. NNP I-NP
takes VBZ B-VP
a DT B-NP
back JJ I-NP
seat NN I-NP
to TO B-PP
no DT B-NP
one CD I-NP
. . O

Every DT B-NP
dollar NN I-NP
's POS B-NP
worth NN I-NP
of IN B-PP
stock NN B-NP
in IN B-PP
the DT B-NP
Los NNP I-NP
Angeles NNP I-NP
money NN I-NP
manager NN I-NP
's POS B-NP
portfolio NN I-NP
is VBZ B-VP
traded VBN I-VP
seven CD B-NP
or CC I-NP
eight CD I-NP
times VBZ I-NP
a DT B-NP
year NN I-NP
, , O
the DT B-NP
firm NN I-NP
estimates NNS B-VP
. . O

That DT B-NP
makes VBZ B-VP
it PRP B-NP
the DT B-NP
most RBS I-NP
active JJ I-NP
trader NN I-NP
among IN B-PP
all PDT O
the DT B-NP
nation NN I-NP
's POS B-NP
investment NN I-NP
advisers NNS I-NP
, , O
according VBG B-PP
to TO B-PP
Securities NNPS B-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
filings NNS I-NP
. . O

But CC O
wait VB B-VP
a DT B-NP
second NN I-NP
. . O

Westridge NNP B-NP
Capital NNP I-NP
is VBZ B-VP
an DT B-NP
index NN I-NP
fund NN I-NP
-- : O
the DT B-NP
type NN I-NP
of IN B-PP
stolid JJ B-NP
long-term JJ I-NP
investor NN I-NP
whose WP$ B-NP
goal NN I-NP
is VBZ B-VP
to TO B-VP
be VB I-VP
nothing NN B-NP
more JJR B-ADJP
than IN B-PP
average NN B-ADJP
. . O

Westridge NNP B-NP
Capital NNP I-NP
's POS B-NP
frenetic JJ I-NP
trading NN I-NP
reflects VBZ B-VP
the DT B-NP
changes NNS I-NP
sweeping VBG B-VP
through IN B-PP
the DT B-NP
previously RB I-NP
sleepy JJ I-NP
world NN I-NP
of IN B-PP
indexing NN B-NP
. . O

Indexing NN B-NP
for IN B-PP
the DT B-NP
most RBS I-NP
part NN I-NP
has VBZ B-VP
involved VBN I-VP
simply RB I-VP
buying VBG I-VP
and CC O
then RB B-VP
holding VBG I-VP
stocks NNS B-NP
in IN B-PP
the DT B-NP
correct JJ I-NP
mix NN I-NP
to TO B-VP
mirror VB I-VP
a DT B-NP
stock NN I-NP
market NN I-NP
barometer NN I-NP
, , O
such JJ B-PP
as IN I-PP
Standard NNP B-NP
& CC O
Poor NNP B-NP
's POS B-NP
500-stock JJ I-NP
index NN I-NP
, , O
and CC O
match VB B-VP
its PRP$ B-NP
performance NN I-NP
. . O

Institutional JJ B-NP
investors NNS I-NP
have VBP B-VP
poured VBN I-VP
$ $ B-NP
210 CD I-NP
billion CD I-NP
into IN B-PP
stock NN B-NP
and CC I-NP
bond NN I-NP
indexing NN I-NP
as IN B-PP
a DT B-NP
cheap JJ I-NP
and CC I-NP
easy JJ I-NP
form NN I-NP
of IN B-PP
investment NN B-NP
management NN I-NP
that WDT B-NP
promises VBZ B-VP
to TO I-VP
post VB I-VP
average JJ B-NP
market NN I-NP
returns NNS I-NP
. . O

These DT B-NP
big JJ I-NP
investors NNS I-NP
have VBP B-VP
flocked VBN I-VP
to TO B-PP
indexing NN B-NP
because IN B-SBAR
relatively RB B-NP
few JJ I-NP
`` `` I-NP
active JJ I-NP
'' '' I-NP
stock NN I-NP
pickers NNS I-NP
have VBP B-VP
been VBN I-VP
able JJ B-ADJP
to TO B-VP
consistently RB I-VP
match VB I-VP
the DT B-NP
returns NNS I-NP
of IN B-PP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
or CC O
other JJ B-NP
bellwethers NNS I-NP
, , O
much RB B-VP
less JJR I-VP
beat VB I-VP
it PRP B-NP
. . O

And CC O
the DT B-NP
fees NNS I-NP
investors NNS B-NP
pay VBP B-VP
for IN B-PP
indexing NN B-NP
run NN B-VP
a DT B-NP
few JJ I-NP
pennies NNS I-NP
for IN B-PP
each DT B-NP
$ $ I-NP
100 CD I-NP
of IN B-PP
assets NNS B-NP
-- : O
a DT B-NP
fraction NN I-NP
of IN B-PP
the DT B-NP
cost NN I-NP
of IN B-PP
active JJ B-NP
managers NNS I-NP
. . O

That DT B-NP
's VBZ B-VP
because IN B-SBAR
computers NNS B-NP
do VBP B-VP
most RBS B-NP
of IN B-PP
the DT B-NP
work NN I-NP
, , O
and CC O
low JJ B-NP
trading NN I-NP
activity NN I-NP
keeps VBZ B-VP
a DT B-NP
lid NN I-NP
on IN B-PP
commission NN B-NP
costs NNS I-NP
. . O

But CC O
today NN B-NP
, , O
indexing NN B-NP
is VBZ B-VP
moving VBG I-VP
from IN B-PP
a DT B-NP
passive JJ I-NP
investment NN I-NP
strategy NN I-NP
to TO B-PP
an DT B-NP
increasingly RB I-NP
active JJ I-NP
one CD I-NP
. . O

Because IN B-SBAR
index-fund JJ B-NP
managers NNS I-NP
are VBP B-VP
no RB B-ADVP
longer RB I-ADVP
satisfied VBN B-ADJP
with IN B-PP
merely RB B-ADVP
being VBG B-VP
average JJ B-ADJP
, , O
they PRP B-NP
have VBP B-VP
developed VBN I-VP
`` `` B-NP
enhanced VBN I-NP
'' '' I-NP
indexing NN I-NP
strategies NNS I-NP
that WDT B-NP
are VBP B-VP
intended VBN I-VP
to TO I-VP
outperform VB I-VP
the DT B-NP
market NN I-NP
as RB B-NP
much JJ I-NP
as IN I-NP
three CD I-NP
percentage NN I-NP
points NNS I-NP
. . O

`` `` O
Indexing NN B-NP
has VBZ B-VP
been VBN I-VP
the DT B-NP
most RBS I-NP
single JJ I-NP
successful JJ I-NP
investment NN I-NP
concept NN I-NP
in IN B-PP
the DT B-NP
last JJ I-NP
decade NN I-NP
, , O
but CC O
the DT B-NP
index NN I-NP
money NN I-NP
has VBZ B-VP
been VBN I-VP
just RB I-VP
sort NN I-VP
of IN I-VP
sitting VBG I-VP
there EX B-ADVP
, , O
'' '' O
says VBZ B-VP
Seth NNP B-NP
M. NNP I-NP
Lynn NNP I-NP
, , O
president NN B-NP
of IN B-PP
Axe NNP B-NP
Core NNP I-NP
Investors NNP I-NP
Inc. NNP I-NP
, , O
an DT B-NP
indexer NN I-NP
based VBN B-VP
in IN B-PP
Tarrytown NNP B-NP
, , O
N.Y NNP B-NP
. . O

`` `` O
Now RB B-ADVP
the DT B-NP
interest NN I-NP
is VBZ B-VP
in IN B-PP
what WP B-NP
else RB I-NP
can MD O
I PRP B-NP
do VB B-VP
with IN B-PP
that DT B-NP
money NN I-NP
. . O
'' '' O

Among IN B-PP
the DT B-NP
souped-up JJ I-NP
indexing NN I-NP
strategies NNS I-NP
: : O
Indexed JJ B-NP
portfolios NNS I-NP
can MD B-VP
be VB I-VP
built VBN I-VP
around IN B-PP
thousands NNS B-NP
of IN B-PP
stocks NNS B-NP
, , O
or CC O
just RB B-NP
a DT I-NP
few JJ I-NP
dozen NN I-NP
, , O
rather RB B-PP
than IN I-PP
being VBG B-VP
restricted VBN I-VP
to TO B-PP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
companies NNS I-NP
. . O

They PRP B-NP
can MD B-VP
ignore VB I-VP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
stocks NNS I-NP
altogether RB B-ADVP
and CC O
focus NN B-VP
on IN B-PP
particular JJ B-NP
types NNS I-NP
of IN B-PP
stocks NNS B-NP
, , O
such JJ B-PP
as IN I-PP
smaller JJR B-NP
companies NNS I-NP
, , O
those DT B-NP
paying VBG I-NP
high JJ I-NP
dividends NNS I-NP
or CC O
companies NNS B-NP
in IN B-PP
a DT B-NP
particular JJ I-NP
industry NN I-NP
, , I-NP
state NN I-NP
or CC I-NP
country NN I-NP
. . O

With IN B-PP
today NN B-NP
's POS B-NP
computer-driven JJ I-NP
program NN I-NP
trading NN I-NP
techniques NNS I-NP
, , O
index NN B-NP
funds NNS I-NP
can MD B-VP
trade VB I-VP
back RB B-ADVP
and CC I-ADVP
forth RB I-ADVP
between IN B-PP
stock-index NN B-NP
futures NNS I-NP
and CC O
the DT B-NP
actual JJ I-NP
stocks NNS I-NP
making VBG B-VP
up IN B-PRT
indexes NNS B-NP
such JJ B-PP
as IN I-PP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
. . O

Futures NNS B-NP
and CC I-NP
options NNS I-NP
also RB B-ADVP
make VBP B-VP
it PRP B-NP
possible JJ B-ADJP
to TO B-VP
build VB I-VP
`` `` B-NP
synthetic JJ I-NP
'' '' I-NP
index NN I-NP
funds NNS I-NP
that WDT B-NP
do VBP B-VP
n't RB I-VP
actually RB I-VP
own VB I-VP
a DT B-NP
single JJ I-NP
share NN I-NP
of IN B-PP
stock NN B-NP
, , O
but CC O
can MD B-VP
produce VB I-VP
returns NNS B-NP
that WDT B-NP
match VBP B-VP
or CC I-VP
exceed VB I-VP
the DT B-NP
broad JJ I-NP
stock NN I-NP
market NN I-NP
. . O

One CD B-NP
reason NN I-NP
for IN B-PP
these DT B-NP
hybrids NNS I-NP
is VBZ B-VP
that DT O
indexing NN B-NP
's POS B-NP
rapid JJ I-NP
growth NN I-NP
is VBZ B-VP
slowing VBG I-VP
, , O
particularly RB B-ADVP
for IN B-PP
those DT B-NP
`` `` I-NP
plain JJ I-NP
vanilla NN I-NP
'' '' I-NP
funds VBZ I-NP
that DT B-NP
mirror NN B-VP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
. . O

`` `` O
There EX B-NP
is VBZ B-VP
n't RB O
a DT B-NP
boatload NN I-NP
-LCB- ( O
of IN B-PP
big JJ B-NP
investors NNS I-NP
-RCB- ) O
out IN B-ADVP
there EX I-ADVP
still RB B-ADVP
waiting VBG B-VP
to TO I-VP
get VB I-VP
into IN B-PP
indexing NN B-NP
, , O
'' '' O
says VBZ B-VP
P. NNP B-NP
James NNP I-NP
Kartalia NNP I-NP
, , O
vice NN B-NP
president NN I-NP
of IN B-PP
ANB NNP B-NP
Investment NNP I-NP
Management NNP I-NP
Co. NNP I-NP
, , O
Chicago NNP B-NP
, , O
which WDT B-NP
offers VBZ B-VP
both DT B-NP
indexing NN B-NP
and CC O
active JJ B-NP
management NN I-NP
services NNS I-NP
. . O

-LRB- ( O
After IN B-PP
tripling VBG B-VP
in IN B-PP
size NN B-NP
in IN B-PP
the DT B-NP
past JJ I-NP
five CD I-NP
years NNS I-NP
, , O
index NN B-NP
funds NNS I-NP
now RB B-ADVP
hold VBP B-VP
about IN B-NP
20 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
stock NN I-NP
owned VBN B-VP
by IN B-PP
pension NN B-NP
funds NNS I-NP
. . O
-RRB- ) O

A DT B-NP
further JJ I-NP
problem NN I-NP
is VBZ B-VP
razor-thin JJ B-NP
profits NNS I-NP
. . O

Plain-vanilla JJ B-NP
funds NNS I-NP
have VBP B-VP
become VBN I-VP
so RB B-ADJP
commonplace JJ I-ADJP
that IN B-SBAR
fees NNS B-NP
they PRP B-NP
can MD B-VP
charge VB I-VP
have NN B-VP
plunged VBN I-VP
to TO B-PP
almost JJ B-NP
nothing NN I-NP
, , O
and CC O
in IN B-PP
some DT B-NP
cases NNS I-NP
are VBP B-VP
just RB B-NP
that DT I-NP
. . O

To TO B-VP
land VB I-VP
customers NNS B-NP
for IN B-PP
their PRP$ B-NP
well-paying JJ I-NP
stock NN I-NP
custodial JJ I-NP
business NN I-NP
, , O
big JJ B-NP
banks NNS I-NP
sometimes RB B-ADVP
will MD B-VP
throw VB I-VP
in IN B-PRT
basic JJ B-NP
indexing NN I-NP
services NNS I-NP
for IN B-PP
free JJ B-ADJP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
like IN B-PP
getting VBG B-VP
a DT B-NP
free JJ I-NP
toaster NN I-NP
when WRB B-ADVP
you PRP B-NP
open VB B-VP
an DT B-NP
account NN I-NP
, , O
'' '' O
says VBZ B-VP
Axe NNP B-NP
Core NNP I-NP
's POS B-NP
Mr. NNP I-NP
Lynn NNP I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
indexers NNS B-NP
have VBP B-VP
been VBN I-VP
looking VBG I-VP
for IN B-PP
ways NNS B-NP
to TO B-VP
give VB I-VP
investors NNS B-NP
something NN B-NP
more JJR B-ADJP
than IN B-PP
the DT B-NP
average NN I-NP
for IN B-PP
their PRP$ B-NP
money NN I-NP
. . O

And CC O
many JJ B-NP
have NN B-VP
been VBN I-VP
successful JJ B-ADJP
, , O
as IN B-PP
in IN B-PP
the DT B-NP
case NN I-NP
of IN B-PP
the DT B-NP
index NN I-NP
fund NN I-NP
operated VBN B-VP
by IN B-PP
hyper-trader NN B-NP
Westridge NNP I-NP
Capital NNP I-NP
. . O

Westridge NNP B-NP
Capital NNP I-NP
has VBZ B-VP
used VBN I-VP
enhanced VBN B-NP
indexing NN I-NP
techniques NNS I-NP
to TO B-VP
beat VB I-VP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
's POS B-NP
returns NNS I-NP
by IN B-PP
2.5 CD B-NP
to TO I-NP
3 CD I-NP
percentage NN I-NP
points NNS I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
four CD I-NP
years NNS I-NP
, , O
with IN B-PP
the DT B-NP
same JJ I-NP
risk NN I-NP
level NN I-NP
as IN B-PP
holding VBG B-VP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
stocks NNS I-NP
, , O
according VBG B-PP
to TO B-PP
James NNP B-NP
Carder NNP I-NP
, , O
the DT B-NP
firm NN I-NP
's POS B-NP
president NN I-NP
. . O

Strategies NNS B-NP
vary VBP B-VP
for IN B-PP
Westridge NNP B-NP
Capital NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
$ $ B-NP
300 CD I-NP
million CD I-NP
under IN B-PP
management NN B-NP
. . O

The DT B-NP
firm NN I-NP
sometimes RB B-ADVP
buys VBZ B-VP
S&P NNP B-NP
500 CD I-NP
futures NNS I-NP
when WRB B-ADVP
they PRP B-NP
are VBP B-VP
selling VBG I-VP
at IN B-PP
a DT B-NP
discount NN I-NP
to TO B-PP
the DT B-NP
actual JJ I-NP
stocks NNS I-NP
, , O
and CC O
will MD B-VP
switch VB I-VP
back RB B-ADVP
and CC I-ADVP
forth RB I-ADVP
between IN B-PP
stocks NNS B-NP
and CC O
stock-index NN B-NP
futures NNS I-NP
to TO B-VP
take VB I-VP
advantages NNS B-NP
of IN B-PP
any DT B-NP
momentary JJ I-NP
price NN I-NP
discrepencies NNS I-NP
. . O

Mr. NNP B-NP
Carder NNP I-NP
also RB B-ADVP
goes VBZ B-VP
through IN B-PP
periods NNS B-NP
when WRB B-ADVP
he PRP B-NP
buys VBZ B-VP
stocks NNS B-NP
in IN B-PP
conjunction NN B-NP
with IN B-PP
options NNS B-NP
to TO B-VP
boost VB I-VP
returns NNS B-NP
and CC O
protect VB B-VP
against IN B-PP
declines NNS B-NP
. . O

And CC O
in IN B-PP
some DT B-NP
months NNS I-NP
, , O
he PRP B-NP
buys VBZ B-VP
stock-index NN B-NP
futures NNS I-NP
and CC B-NP
not RB I-NP
stocks VBZ B-NP
at IN B-ADVP
all DT I-ADVP
. . O

`` `` O
By IN B-PP
their PRP$ B-NP
nature NN I-NP
, , O
our PRP$ B-NP
trades NNS I-NP
are VBP B-VP
very RB B-ADJP
short-term JJ I-ADJP
and CC B-VP
are VBP I-VP
going VBG B-VP
to TO I-VP
create VB I-VP
high JJ B-NP
turnover NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Carder NNP I-NP
adds VBZ B-VP
. . O

`` `` O
The DT O
more JJR O
turnover NN O
, , O
the DT O
better JJR O
for IN B-PP
our PRP$ B-NP
clients NNS I-NP
. . O
'' '' O

Big JJ B-NP
indexer NN I-NP
Bankers NNP I-NP
Trust NNP I-NP
Co. NNP I-NP
also RB B-ADVP
uses VBZ B-VP
futures NNS B-NP
in IN B-PP
a DT B-NP
strategy NN I-NP
that IN B-NP
on IN B-PP
average NN B-NP
has VBZ B-VP
added VBN I-VP
one CD B-NP
percentage NN I-NP
point NN I-NP
to TO B-PP
its PRP$ B-NP
enhanced VBN I-NP
fund NN I-NP
's POS B-NP
returns NNS I-NP
. . O

J. NNP B-NP
Thomas NNP I-NP
Allen NNP I-NP
, , O
president NN B-NP
of IN B-PP
Pittsburgh-based JJ B-NP
Advanced NNP I-NP
Investment NNP I-NP
Management NNP I-NP
Inc. NNP I-NP
, , O
agrees VBZ B-VP
it PRP B-NP
's VBZ B-VP
a DT B-NP
good JJ I-NP
idea NN I-NP
to TO B-VP
jump VB I-VP
between IN B-PP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
stocks NNS I-NP
and CC I-NP
futures NNS I-NP
. . O

`` `` O
You PRP B-NP
're VBP B-VP
buying VBG I-VP
the DT B-NP
S&P NNP I-NP
, , O
and CC O
you PRP B-NP
always RB B-ADVP
want VBP B-VP
to TO I-VP
hold VB I-VP
the DT B-NP
cheapest JJS I-NP
form NN I-NP
of IN B-PP
it PRP B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

But CC O
some DT B-NP
indexers NNS I-NP
make VBP B-VP
little JJ B-NP
or CC I-NP
no DT I-NP
use NN I-NP
of IN B-PP
futures NNS B-NP
, , O
saying VBG B-VP
that IN B-SBAR
these DT B-NP
instruments NNS I-NP
present NN B-VP
added VBD B-NP
risks NNS I-NP
for IN B-PP
investors NNS B-NP
. . O

`` `` O
If IN B-SBAR
the DT B-NP
futures NNS I-NP
markets NNS B-NP
have VBP B-VP
a DT B-NP
problem NN I-NP
, , O
then RB O
those DT B-NP
products NNS I-NP
could MD B-VP
have VB I-VP
a DT B-NP
problem NN I-NP
, , O
'' '' O
says VBZ B-VP
John NNP B-NP
Zumbrunn NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
of IN B-PP
Prudential NNP B-NP
Insurance NNP I-NP
Co. NNP I-NP
of IN B-PP
America NNP B-NP
's POS B-NP
Investment NNP I-NP
Index NNP I-NP
Technologies NNP I-NP
Inc. NNP I-NP
unit NN I-NP
. . O

Prudential NNP B-NP
currently RB B-ADVP
is VBZ B-VP
seeking VBG I-VP
approval NN B-NP
to TO B-VP
offer VB I-VP
a DT B-NP
new JJ I-NP
fund NN I-NP
offering VBG B-VP
a DT B-NP
return NN I-NP
equal JJ B-ADJP
to TO B-PP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
index NN I-NP
plus CC B-NP
5\/100 CD B-NP
of IN B-PP
a DT B-NP
percentage NN I-NP
point NN I-NP
. . O

An DT B-NP
added VBN I-NP
feature NN I-NP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
slighty NN I-NP
improved VBD I-NP
return NN I-NP
would MD B-VP
be VB I-VP
guaranteed VBN I-VP
by IN B-PP
Prudential NNP B-NP
. . O

There EX B-NP
are VBP B-VP
many JJ B-NP
other JJ I-NP
strategies NNS I-NP
to TO B-VP
bolster VB I-VP
the DT B-NP
returns NNS I-NP
of IN B-PP
index NN B-NP
funds NNS I-NP
. . O

They PRP B-NP
include VBP B-VP
: : O

LIMITED JJ B-NP
RISK NN I-NP
FUNDS NNS I-NP
: : O

These DT B-NP
guarantee NN B-VP
protection NN B-NP
against IN B-PP
stock NN B-NP
market NN I-NP
declines NNS I-NP
while IN B-PP
still RB B-ADVP
passing VBG B-VP
along IN B-ADVP
most RBS B-NP
gains NNS I-NP
. . O

Here RB B-ADVP
a DT B-NP
fund NN I-NP
may MD B-VP
promise VB I-VP
to TO I-VP
pay VB I-VP
back RB B-PRT
, , O
say VBP B-INTJ
, , O
$ $ B-NP
95 CD I-NP
of IN B-PP
every DT B-NP
$ $ I-NP
100 CD I-NP
invested VBN B-VP
for IN B-PP
a DT B-NP
year NN I-NP
, , O
even RB B-SBAR
if IN I-SBAR
the DT B-NP
market NN I-NP
goes VBZ B-VP
much RB B-ADVP
lower JJR I-ADVP
. . O

The DT B-NP
fund NN I-NP
could MD B-VP
invest VB I-VP
$ $ B-NP
87 CD I-NP
for IN B-PP
one CD B-NP
year NN I-NP
in IN B-PP
Treasury NNP B-NP
bills NNS I-NP
yielding VBG B-VP
8 CD B-NP
% NN I-NP
to TO B-VP
return VB I-VP
the DT B-NP
guaranteed VBN I-NP
$ $ I-NP
95 CD I-NP
. . O

That DT B-NP
leaves VBZ B-VP
$ $ B-NP
13 CD I-NP
, , O
which WDT B-NP
could MD B-VP
be VB I-VP
used VBN I-VP
to TO B-VP
buy VB I-VP
S&P NNP B-NP
500 CD I-NP
options NNS I-NP
that WDT B-NP
will MD B-VP
nearly RB I-VP
match VB I-VP
any DT B-NP
gain NN I-NP
in IN B-PP
the DT B-NP
S&P NNP I-NP
index NN I-NP
. . O

MANAGER NN B-NP
REPLICATION NN I-NP
FUNDS NNS I-NP
: : O

Say VB B-VP
a DT B-NP
big JJ I-NP
investor NN I-NP
is VBZ B-VP
interested JJ B-ADJP
in IN B-PP
growth NN B-NP
stocks NNS I-NP
. . O

Instead RB B-PP
of IN I-PP
hiring VBG B-VP
one CD B-NP
of IN B-PP
the DT B-NP
many JJ I-NP
active JJ I-NP
managers NNS I-NP
specializing VBG B-VP
in IN B-PP
growth NN B-NP
stocks NNS I-NP
, , O
indexers NNS B-NP
can MD B-VP
design VB I-VP
a DT B-NP
portfolio NN I-NP
around IN B-PP
the DT B-NP
same JJ I-NP
stocks NNS I-NP
; : O
the DT B-NP
portfolio NN I-NP
will MD B-VP
be VB I-VP
maintained VBN I-VP
by IN B-PP
computer NN B-NP
, , O
reducing VBG B-VP
both DT B-NP
fees NNS B-NP
and CC O
, , O
in IN B-PP
theory NN B-NP
, , O
risk NN B-NP
-LRB- ( O
because IN B-PP
of IN I-PP
the DT B-NP
large JJ I-NP
number NN I-NP
of IN B-PP
stocks NNS B-NP
-RRB- ) O
. . O

`` `` O
We PRP B-NP
see VBP B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
interest NN B-NP
in IN B-PP
those DT B-NP
kind NN I-NP
of IN B-PP
things NNS B-NP
, , O
'' '' O
says VBZ B-VP
Frank NNP B-NP
Salerno NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
Bankers NNP B-NP
Trust NNP I-NP
. . O

`` `` O
People NNS B-NP
comfortable JJ B-ADJP
with IN B-PP
the DT B-NP
passive JJ I-NP
approach NN I-NP
are VBP B-VP
using VBG I-VP
them PRP B-NP
for IN B-PP
other JJ B-NP
strategies NNS I-NP
. . O
'' '' O

TILT NN B-NP
FUNDS NNS I-NP
: : O

This DT B-NP
is VBZ B-VP
an DT B-NP
index NN I-NP
fund NN I-NP
with IN B-PP
a DT B-NP
bet NN I-NP
. . O

Instead RB B-PP
of IN I-PP
replicating VBG B-VP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
or CC O
some DT B-NP
other JJ I-NP
index NN I-NP
exactly RB B-ADVP
, , O
some DT B-NP
stocks NNS I-NP
are VBP B-VP
overweighted VBN I-VP
or CC I-VP
underweighted VBN I-VP
in IN B-PP
the DT B-NP
portfolio NN I-NP
. . O

One CD B-NP
simple JJ I-NP
approach NN I-NP
is VBZ B-VP
to TO B-VP
exclude VB I-VP
S&P NNP B-NP
500 CD I-NP
companies NNS I-NP
considered VBD B-VP
bankruptcy NN B-NP
candidates NNS I-NP
; : O
this DT B-NP
can MD B-VP
avoid VB I-VP
weak JJ B-NP
sisters NNS I-NP
, , O
but CC O
also RB B-ADVP
can MD B-VP
hurt VB I-VP
when WRB B-ADVP
a DT B-NP
company NN I-NP
like IN B-PP
Chrysler NNP B-NP
Corp. NNP I-NP
rebounds VBZ B-VP
. . O

Another DT B-NP
approach NN I-NP
: : O
An DT B-NP
investor NN I-NP
with IN B-PP
$ $ B-NP
100 CD I-NP
million CD I-NP
might MD B-VP
use VB I-VP
$ $ B-NP
75 CD I-NP
million CD I-NP
to TO B-VP
buy VB I-VP
the DT B-NP
S&P NNP I-NP
500 CD I-NP
index NN I-NP
and CC O
spend VB B-VP
the DT B-NP
other JJ I-NP
$ $ I-NP
25 CD I-NP
million CD I-NP
on IN B-PP
a DT B-NP
favorite JJ I-NP
group NN I-NP
of IN B-PP
stocks NNS B-NP
. . O

SPECIALIZED JJ B-NP
FUNDS NNS I-NP
: : O

Indexes NNS B-NP
can MD B-VP
be VB I-VP
constructed VBN I-VP
to TO B-VP
serve VB I-VP
social JJ B-NP
goals NNS I-NP
, , O
such JJ B-PP
as IN I-PP
eliminating VBG B-VP
the DT B-NP
stocks NNS I-NP
of IN B-PP
companies NNS B-NP
doing VBG B-VP
business NN B-NP
in IN B-PP
South NNP B-NP
Africa NNP I-NP
. . O

Other JJ B-NP
funds NNS I-NP
have VBP B-VP
been VBN I-VP
designed VBN I-VP
to TO I-VP
concentrate VB I-VP
on IN B-PP
stocks NNS B-NP
in IN B-PP
a DT B-NP
geographic JJ I-NP
area NN I-NP
in IN B-SBAR
order NN O
to TO B-VP
encourage VB I-VP
local JJ B-NP
investment NN I-NP
. . O

Pennsylvania NNP B-NP
State NNP I-NP
Employees NNP I-NP
Retirement NNP I-NP
System NNP I-NP
, , O
for IN B-PP
example NN B-NP
, , O
has VBZ B-VP
about RB B-NP
$ $ I-NP
130 CD I-NP
million CD I-NP
invested VBN B-VP
in IN B-PP
a DT B-NP
fund NN I-NP
of IN B-PP
244 CD B-NP
companies NNS I-NP
that WDT B-NP
are VBP B-VP
either DT B-ADVP
Pennsylvania-based JJ B-ADJP
or CC O
have VBP B-VP
25 CD B-NP
% NN I-NP
of IN B-PP
their PRP$ B-NP
work NN I-NP
forces NNS I-NP
in IN B-PP
the DT B-NP
state NN I-NP
. . O

Short JJ B-NP
interest NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
declined VBD B-VP
for IN B-PP
the DT B-NP
second JJ I-NP
consecutive JJ I-NP
month NN I-NP
, , O
this DT B-NP
time NN I-NP
4.2 CD B-NP
% NN I-NP
, , O
while IN B-SBAR
the DT B-NP
American NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
reported VBD B-VP
its PRP$ B-NP
third JJ I-NP
consecutive JJ I-NP
record NN I-NP
month NN I-NP
of IN B-PP
short JJ B-NP
interest NN I-NP
. . O

The DT B-NP
Big NNP I-NP
Board NNP I-NP
reported VBD B-VP
that IN O
short JJ B-NP
interest NN I-NP
dropped VBD B-VP
to TO B-PP
523,920,214 CD B-NP
shares NNS I-NP
as IN B-PP
of IN B-PP
Oct. NNP B-NP
13 CD I-NP
from IN B-PP
547,347,585 CD B-NP
shares NNS I-NP
in IN B-PP
mid-September NNP B-NP
. . O

Amex NNP B-NP
short JJ I-NP
interest NN I-NP
climbed VBD B-VP
3 CD B-NP
% NN I-NP
to TO B-PP
53,496,665 CD B-NP
shares NNS I-NP
from IN B-PP
51,911,566 CD B-NP
shares NNS I-NP
. . O

For IN B-PP
the DT B-NP
year-earlier JJ I-NP
month NN I-NP
, , O
the DT B-NP
Big NNP I-NP
Board NNP I-NP
reported VBD B-VP
461,539,056 CD B-NP
shares NNS I-NP
, , O
indicating VBG B-VP
a DT B-NP
13.5 CD I-NP
% NN I-NP
year-to-year JJ I-NP
rise NN I-NP
, , O
while IN B-SBAR
the DT B-NP
Amex NNP I-NP
reported VBD B-VP
36,015,194 CD B-NP
shares NNS I-NP
, , O
a DT B-NP
48 CD I-NP
% NN I-NP
leap NN I-NP
. . O

Amex NNP B-NP
short JJ I-NP
interest NN I-NP
has VBZ B-VP
been VBN I-VP
heading VBG I-VP
upward RB B-ADVP
since IN B-PP
mid-December NNP B-NP
, , O
with IN B-PP
increases NNS B-NP
in IN B-PP
each DT B-NP
month NN I-NP
since IN B-PP
then RB B-ADVP
except IN B-PP
at IN B-PP
mid-July NN B-NP
. . O

Traders NNS B-NP
who WP B-NP
sell VBP B-VP
short JJ B-ADVP
borrow VB B-VP
stock NN B-NP
and CC O
sell VB B-VP
it PRP B-NP
, , O
betting VBG B-VP
that IN B-SBAR
the DT B-NP
stock NN I-NP
's POS B-NP
price NN I-NP
will MD B-VP
decline VB I-VP
and CC O
that IN B-SBAR
they PRP B-NP
can MD B-VP
buy VB I-VP
the DT B-NP
shares NNS I-NP
back RB B-ADVP
later RB B-ADVP
at IN B-PP
a DT B-NP
lower JJR I-NP
price NN I-NP
for IN B-PP
return NN B-NP
to TO B-PP
the DT B-NP
lender NN I-NP
. . O

Short JJ B-NP
interest NN I-NP
is VBZ B-VP
the DT B-NP
number NN I-NP
of IN B-PP
shares NNS B-NP
that WDT B-NP
have VBP B-VP
n't RB I-VP
yet RB I-VP
been VBN I-VP
purchased VBN I-VP
for IN B-PP
return NN B-NP
to TO B-PP
lenders NNS B-NP
. . O

Although IN B-SBAR
a DT B-NP
substantial JJ I-NP
short JJ I-NP
position NN I-NP
reflects VBZ B-VP
heavy JJ B-NP
speculation NN I-NP
that IN B-SBAR
a DT B-NP
stock NN I-NP
's POS B-NP
price NN I-NP
will MD B-VP
decline VB I-VP
, , O
some DT B-NP
investors NNS I-NP
consider VBP B-VP
an DT B-NP
increase NN I-NP
in IN B-PP
short JJ B-NP
interest NN I-NP
bullish JJ B-ADJP
because IN B-SBAR
the DT B-NP
borrowed VBN I-NP
shares NNS I-NP
eventually RB B-ADVP
must MD B-VP
be VB I-VP
bought VBN I-VP
back RB B-ADVP
. . O

Fluctuation NN B-NP
in IN B-PP
short JJ B-NP
interest NN I-NP
of IN B-PP
certain JJ B-NP
stocks NNS I-NP
also RB B-ADVP
may MD B-VP
be VB I-VP
caused VBN I-VP
partly RB B-ADVP
by IN B-PP
arbitraging VBG B-NP
. . O

The DT B-NP
figures NNS I-NP
occasionally RB B-ADVP
include VBP B-VP
incomplete JJ B-NP
transactions NNS I-NP
in IN B-PP
restricted VBN B-NP
stock NN I-NP
. . O

The DT B-NP
level NN I-NP
of IN B-PP
negative JJ B-NP
sentiment NN I-NP
measured VBN B-VP
by IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
short JJ B-NP
interest NN I-NP
ratio NN I-NP
slipped VBD B-VP
to TO B-PP
3.36 CD B-NP
from IN B-PP
last JJ B-NP
month NN I-NP
's POS B-NP
3.38 CD I-NP
. . O

The DT B-NP
ratio NN I-NP
is VBZ B-VP
the DT B-NP
number NN I-NP
of IN B-PP
trading NN B-NP
days NNS I-NP
, , O
at IN B-PP
the DT B-NP
exchange NN I-NP
's POS B-NP
average JJ I-NP
trading NN I-NP
volume NN I-NP
, , O
that WDT B-NP
would MD B-VP
be VB I-VP
required VBN I-VP
to TO B-VP
convert VB I-VP
the DT B-NP
total JJ I-NP
short JJ I-NP
interest NN I-NP
position NN I-NP
. . O

Some DT B-NP
analysts NNS I-NP
suggest VBP B-VP
, , O
however RB B-ADVP
, , O
that IN B-SBAR
the DT B-NP
ratio NN I-NP
has VBZ B-VP
weakened VBN I-VP
in IN B-PP
value NN B-NP
as IN B-PP
an DT B-NP
indicator NN I-NP
because IN B-SBAR
options NNS B-NP
and CC O
other JJ B-NP
products NNS I-NP
can MD B-VP
be VB I-VP
used VBN I-VP
to TO B-VP
hedge VB I-VP
short JJ B-NP
positions NNS I-NP
. . O

Varity NNP B-NP
Corp. NNP I-NP
led VBD B-VP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
list NN I-NP
of IN B-PP
largest JJS B-NP
short JJ I-NP
volumes NNS I-NP
with IN B-PP
12,822,563 CD B-NP
shares NNS I-NP
. . O

Varity NNP B-NP
has VBZ B-VP
proposed VBN I-VP
to TO I-VP
acquire VB I-VP
K-H NNP B-NP
Corp. NNP I-NP
, , O
consisting VBG B-VP
of IN B-PP
the DT B-NP
auto NN I-NP
parts NNS I-NP
division NN I-NP
and CC O
some DT B-NP
debt NN I-NP
of IN B-PP
Fruehauf NNP B-NP
Corp. NNP I-NP
, , O
for IN B-PP
$ $ B-NP
577.3 CD I-NP
million CD I-NP
of IN B-PP
cash NN B-NP
and CC I-NP
securities NNS I-NP
. . O

Chemical NNP B-NP
Waste NNP I-NP
Management NNP I-NP
posted VBD B-VP
the DT B-NP
biggest JJS I-NP
increase NN I-NP
in IN B-PP
short JJ B-NP
volume NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
exchange NN I-NP
, , O
up IN B-ADVP
3,383,477 CD B-NP
shares NNS I-NP
to TO B-PP
5,267,238 CD B-NP
. . O

Bristol-Myers NNP B-NP
Squibb NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
entity NN I-NP
formed VBN B-VP
from IN B-PP
the DT B-NP
recent JJ I-NP
acquisition NN I-NP
of IN B-PP
Squibb NNP B-NP
Corp. NNP I-NP
by IN B-PP
Bristol-Myers NNP B-NP
Co. NNP I-NP
, , O
logged VBD B-VP
the DT B-NP
largest JJS I-NP
volume NN I-NP
decline NN I-NP
, , O
7,592,988 CD B-NP
shares NNS I-NP
, , O
to TO B-PP
12,017,724 CD B-NP
. . O

Short JJ B-NP
interest NN I-NP
in IN B-PP
International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
plunged VBD B-VP
to TO B-PP
1,425,035 CD B-NP
shares NNS I-NP
from IN B-PP
2,387,226 CD B-NP
shares VBZ I-NP
a DT B-NP
month NN I-NP
earlier RBR B-ADVP
. . O

Also RB B-ADVP
closely RB B-VP
watched VBD I-VP
is VBZ B-VP
Exxon NNP B-NP
Corp. NNP I-NP
, , O
where WRB B-ADVP
short JJ B-NP
interest NN I-NP
slid VBD B-VP
to TO B-PP
4,469,167 CD B-NP
shares NNS I-NP
from IN B-PP
5,088,774 CD B-NP
. . O

On IN B-PP
a DT B-NP
percentage NN I-NP
basis NN I-NP
, , O
Germany NNP B-NP
Fund NNP I-NP
Inc. NNP I-NP
led VBD B-VP
the DT B-NP
gainers NNS I-NP
, , O
leaping VBG B-VP
to TO B-PP
67,972 CD B-NP
shares NNS I-NP
from IN B-PP
three CD B-NP
shares NNS I-NP
. . O

TransCanada NNP B-NP
PipeLines NNP I-NP
Ltd. NNP I-NP
led VBD B-VP
the DT B-NP
percentage NN I-NP
decliners NNS I-NP
, , O
dropping VBG B-VP
to TO B-PP
59 CD B-NP
shares NNS I-NP
from IN B-PP
183,467 CD B-NP
. . O

The DT B-NP
Amex NNP I-NP
short JJ I-NP
interest NN I-NP
volume NN I-NP
leader NN I-NP
again RB B-ADVP
was VBD B-VP
Texas NNP B-NP
Air NNP I-NP
Corp. NNP I-NP
, , O
rising VBG B-VP
to TO B-PP
3,820,634 CD B-NP
shares NNS I-NP
from IN B-PP
3,363,949 CD B-NP
. . O

Bolar NNP B-NP
Pharmaceutical NNP I-NP
Co. NNP I-NP
posted VBD B-VP
the DT B-NP
largest JJS I-NP
volume NN I-NP
increase NN I-NP
, , O
552,302 CD B-NP
shares NNS I-NP
, , O
to TO B-PP
2,157,656 CD B-NP
. . O

The DT B-NP
company NN I-NP
is VBZ B-VP
under IN B-PP
an DT B-NP
investigation NN I-NP
concerning VBG B-VP
procedures NNS B-NP
to TO B-VP
gain VB I-VP
Food NNP B-NP
and CC I-NP
Drug NNP I-NP
Administration NNP I-NP
approval NN I-NP
of IN B-PP
generic JJ B-NP
drugs NNS I-NP
. . O

Bolar NNP B-NP
has VBZ B-VP
denied VBN I-VP
any DT B-NP
wrongdoing NN I-NP
. . O

The DT B-NP
largest JJS I-NP
volume NN I-NP
drop NN I-NP
-- : O
down RB B-ADVP
445,645 CD B-NP
shares NNS I-NP
to TO B-PP
141,903 CD B-NP
-- : O
came VBD B-VP
in IN B-PP
shares NNS B-NP
represented VBN B-VP
by IN B-PP
B.A.T NNP B-NP
Industries NNP I-NP
PLC NNP I-NP
's POS B-NP
American JJ I-NP
depositary NN I-NP
receipts NNS I-NP
. . O

The DT B-NP
company NN I-NP
is VBZ B-VP
facing VBG I-VP
a DT B-NP
takeover NN I-NP
proposal NN I-NP
from IN B-PP
the DT B-NP
financier NN I-NP
Sir NNP B-NP
James NNP I-NP
Goldsmith NNP I-NP
. . O

First NNP B-NP
Iberian NNP I-NP
Fund NNP I-NP
led VBD B-VP
the DT B-NP
percentage NN I-NP
increases NNS I-NP
, , O
rising VBG B-VP
to TO B-PP
73,100 CD B-NP
shares NNS I-NP
from IN B-PP
184 CD B-NP
. . O

Nelson NNP B-NP
Holdings NNP I-NP
International NNP I-NP
Ltd. NNP I-NP
dropped VBD B-VP
the DT B-NP
most RBS I-NP
on IN B-PP
a DT B-NP
percentage NN I-NP
basis NN I-NP
, , O
to TO B-PP
1,000 CD B-NP
shares NNS I-NP
from IN B-PP
255,923 CD B-NP
. . O

The DT B-NP
adjacent JJ I-NP
tables NNS I-NP
show VBP B-VP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
and CC I-NP
Amex NNP I-NP
issues NNS I-NP
in IN B-PP
which WDT B-NP
a DT B-NP
short JJ I-NP
interest NN I-NP
position NN I-NP
of IN B-PP
at IN B-NP
least JJS I-NP
100,000 CD I-NP
shares NNS I-NP
existed VBD B-VP
as IN B-PP
of IN B-PP
mid-October NNP B-NP
or CC O
in IN B-PP
which WDT B-NP
there EX B-NP
was VBD B-VP
a DT B-NP
short JJ I-NP
position NN I-NP
change NN I-NP
of IN B-PP
at IN B-NP
least JJS I-NP
50,000 CD I-NP
shares NNS I-NP
since IN B-PP
mid-September NNP B-NP
. . O

Your PRP$ B-NP
Oct. NNP I-NP
12 CD I-NP
editorial NN I-NP
`` `` O
Pitiful NNP B-NP
, , I-NP
Helpless NNP I-NP
Presidency NNP I-NP
? . O
'' '' O
correctly RB B-ADVP
states VBZ B-VP
that IN B-SBAR
I PRP B-NP
was VBD B-VP
critical JJ B-ADJP
of IN B-PP
the DT B-NP
Bush NNP I-NP
administration NN I-NP
's POS B-NP
failure NN I-NP
to TO B-VP
have VB I-VP
any DT B-NP
plan NN I-NP
in IN B-PP
place NN B-NP
to TO B-VP
respond VB I-VP
in IN B-PP
a DT B-NP
timely JJ I-NP
fashion NN I-NP
to TO B-PP
the DT B-NP
opportunities NNS I-NP
to TO B-VP
oust VB I-VP
Manuel NNP B-NP
Noriega NNP I-NP
presented VBN B-VP
by IN B-PP
the DT B-NP
attempted VBN I-NP
military JJ I-NP
coup NN I-NP
on IN B-PP
Oct. NNP B-NP
3 CD I-NP
. . O

You PRP B-NP
are VBP B-VP
absolutely RB B-ADJP
wrong JJ I-ADJP
, , O
however RB B-ADVP
, , O
in IN B-PP
opining VBG B-VP
that IN B-SBAR
this DT B-NP
position NN I-NP
is VBZ B-VP
some DT B-NP
kind NN I-NP
of IN B-PP
`` `` O
flip-flop NN B-NP
, , O
'' '' O
something NN B-NP
newly RB B-VP
arrived VBD I-VP
at IN B-PP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
reading VBG B-VP
the DT B-NP
opinion NN I-NP
polls NNS I-NP
. . O

My PRP$ B-NP
position NN I-NP
is VBZ B-VP
one CD B-NP
founded VBN B-VP
on IN B-PP
both DT B-NP
the DT B-NP
facts NNS I-NP
and CC O
the DT B-NP
law NN I-NP
. . O

Although IN B-SBAR
you PRP B-NP
may MD B-VP
have VB I-VP
forgotten VBN I-VP
, , O
public JJ B-NP
opinion NN I-NP
about IN B-PP
Gen. NNP B-NP
Noriega NNP I-NP
is VBZ B-VP
where WRB B-ADVP
it PRP B-NP
is VBZ B-VP
in IN B-PP
large JJ B-NP
measure NN I-NP
because IN B-PP
of IN I-PP
my PRP$ B-NP
investigation NN I-NP
of IN B-PP
his PRP$ B-NP
years NNS I-NP
of IN B-PP
involvement NN B-NP
in IN B-PP
narcotics NNS B-NP
smuggling VBG I-NP
-LRB- ( O
and CC O
simultaneous JJ B-NP
work NN I-NP
as IN B-PP
a DT B-NP
U.S. NNP I-NP
operative JJ I-NP
-RRB- ) O
. . O

The DT B-NP
public RB I-NP
made VBN B-VP
up IN B-PRT
its PRP$ B-NP
mind NN I-NP
about IN B-PP
Gen. NNP B-NP
Noriega NNP I-NP
largely RB B-ADVP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
the DT B-NP
hearings NNS I-NP
I PRP B-NP
chaired VBD B-VP
in IN B-PP
the DT B-NP
Subcommittee NNP I-NP
on IN B-PP
Terrorism NNP B-NP
and CC I-NP
Narcotics NNPS I-NP
of IN B-PP
the DT B-NP
Foreign NNP I-NP
Relations NNP I-NP
Committee NNP I-NP
on IN B-PP
Feb. NNP B-NP
8 CD I-NP
, , I-NP
9 CD I-NP
, , I-NP
10 CD I-NP
and CC I-NP
11 CD I-NP
, , I-NP
1988 CD I-NP
, , B-PP
and CC I-PP
again RB B-ADVP
on IN B-PP
April NNP B-NP
4 CD I-NP
, , I-NP
1988 CD I-NP
. . O

It PRP B-NP
was VBD B-VP
during IN B-PP
those DT B-NP
hearings NNS I-NP
that IN B-ADVP
the DT B-NP
nation NN I-NP
first JJ B-ADVP
learned VBD B-VP
the DT B-NP
breadth NN I-NP
and CC I-NP
depth NN I-NP
of IN B-PP
Gen. NNP B-NP
Noriega NNP I-NP
's POS B-NP
criminality NN I-NP
, , B-PP
and CC I-PP
of IN B-PP
his PRP$ B-NP
enduring VBG I-NP
relationships NNS I-NP
with IN B-PP
a DT B-NP
variety NN I-NP
of IN B-PP
U.S. NNP B-NP
government NN I-NP
agencies NNS I-NP
. . O

Those DT B-NP
hearings NNS I-NP
also RB B-ADVP
highlighted VBN B-VP
how WRB B-ADVP
Gen. NNP B-NP
Noriega NNP I-NP
was VBD B-VP
able JJ B-ADJP
to TO B-VP
use VB I-VP
his PRP$ B-NP
relationships NNS I-NP
with IN B-PP
these DT B-NP
agencies NNS I-NP
to TO B-VP
delay VB I-VP
U.S. NNP B-NP
action NN I-NP
against IN B-PP
him PRP B-NP
, , O
and CC O
to TO B-VP
exploit VB I-VP
the DT B-NP
administration NN I-NP
's POS B-NP
obsession NN I-NP
with IN B-PP
overthrowing VBG B-VP
the DT B-NP
Sandinistas NNPS I-NP
to TO B-VP
protect VB I-VP
his PRP$ B-NP
own JJ I-NP
drug-dealing NN I-NP
. . O

As IN B-SBAR
former JJ O
Ambassador NNP O
to TO B-PP
Costa NNP B-NP
Rica NNP I-NP
Francis NNP B-NP
J. NNP I-NP
McNeil NNP I-NP
testified VBD B-VP
before IN B-PP
the DT B-NP
subcommittee NN I-NP
, , O
the DT B-NP
Reagan NNP I-NP
administration NN I-NP
knew VBD B-VP
that IN B-SBAR
Gen. NNP B-NP
Noriega NNP I-NP
was VBD B-VP
involved VBN B-ADJP
with IN B-PP
narcotics NNS B-NP
, , O
but CC O
made VBD B-VP
a DT B-NP
decision NN I-NP
in IN B-PP
the DT B-NP
summer NN I-NP
of IN B-PP
1986 CD B-NP
`` `` O
to TO B-VP
put VB I-VP
Gen. NNP B-NP
Noriega NNP I-NP
on IN B-PP
the DT B-NP
shelf NN I-NP
until IN B-SBAR
Nicaragua NNP B-NP
was VBD B-VP
settled VBN I-VP
. . O
'' '' O

As IN B-SBAR
the DT B-NP
report NN I-NP
issued VBN B-VP
by IN B-PP
the DT B-NP
subcommittee NN I-NP
concluded VBD B-VP
, , O
`` `` O
Our PRP$ B-NP
government NN I-NP
did VBD B-VP
nothing NN B-NP
regarding VBG B-PP
Gen. NNP B-NP
Noriega NNP I-NP
's POS B-NP
drug NN I-NP
business NN I-NP
and CC O
substantial JJ B-NP
criminal JJ I-NP
involvement NN I-NP
because IN B-SBAR
the DT B-NP
first JJ I-NP
priority NN I-NP
was VBD B-VP
the DT B-NP
Contra NNP I-NP
war NN I-NP
. . O

This DT B-NP
decision NN I-NP
resulted VBD B-VP
in IN B-PP
at IN B-ADVP
least JJS I-ADVP
some DT B-NP
drugs NNS I-NP
entering VBG B-VP
the DT B-NP
United NNP I-NP
States NNPS I-NP
as IN B-PP
a DT B-NP
hidden VBN I-NP
cost NN I-NP
of IN B-PP
the DT B-NP
war NN I-NP
. . O
'' '' O

Unfortunately RB B-ADVP
, , O
this DT B-NP
problem NN I-NP
continued VBD B-VP
even RB B-PP
after IN I-PP
Gen. NNP B-NP
Noriega NNP I-NP
's POS B-NP
indictment NN I-NP
. . O

Throughout IN B-PP
1988 CD B-NP
and CC O
this DT B-NP
year NN I-NP
, , O
I PRP B-NP
and CC O
others NNS B-NP
in IN B-PP
Congress NNP B-NP
have VBP B-VP
pressed VBN I-VP
the DT B-NP
U.S. NNP I-NP
to TO B-VP
develop VB I-VP
a DT B-NP
plan NN I-NP
for IN B-PP
pushing VBG B-VP
this DT B-NP
`` `` I-NP
narcokleptocrat NN I-NP
'' '' O
out IN B-PP
of IN B-PP
Panama NNP B-NP
. . O

Regrettably RB B-ADVP
, , O
two CD B-NP
administrations NNS I-NP
in IN B-PP
a DT B-NP
row NN I-NP
have VBP B-VP
been VBN I-VP
unwilling JJ B-ADJP
and CC I-ADJP
unable JJ I-ADJP
to TO B-VP
develop VB I-VP
any DT B-NP
plan NN I-NP
, , O
military JJ B-ADJP
or CC I-ADJP
economic JJ I-ADJP
, , O
for IN B-PP
supporting VBG B-VP
the DT B-NP
Panamanian JJ I-NP
people NNS I-NP
in IN B-PP
their PRP$ B-NP
attempts NNS I-NP
to TO B-VP
restore VB I-VP
democracy NN B-NP
. . O

Sen. NNP B-NP
John NNP I-NP
Kerry NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Mass NNP B-NP
. . O
-RRB- ) O

For IN B-PP
Vietnamese JJ B-NP
, , O
these DT B-NP
are VBP B-VP
tricky JJ O
, , O
often RB B-ADVP
treacherous JJ B-ADJP
, , O
times NNS B-NP
. . O

After IN B-PP
years NNS B-NP
of IN B-PP
hesitation NN B-NP
, , O
economic JJ B-NP
and CC I-NP
political JJ I-NP
reform NN I-NP
was VBD B-VP
embraced VBN I-VP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
1986 CD B-NP
, , O
but CC O
ringing VBG B-NP
declarations NNS I-NP
have VBP B-VP
yet RB I-VP
to TO I-VP
be VB I-VP
translated VBN I-VP
into IN B-PP
much JJ B-NP
action NN I-NP
. . O

Vietnam NNP B-NP
is VBZ B-VP
finding VBG I-VP
that IN B-SBAR
turning VBG B-VP
a DT B-NP
stagnant JJ I-NP
socialist JJ I-NP
order NN I-NP
into IN B-PP
a DT B-NP
dynamic JJ I-NP
free JJ I-NP
market NN I-NP
does VBZ B-VP
n't RB I-VP
come VB I-VP
easy JJ B-ADVP
. . O

Here RB B-ADVP
is VBZ B-VP
how WRB B-ADVP
three CD B-NP
Vietnamese JJ I-NP
are VBP B-VP
coping VBG I-VP
with IN B-PP
change NN B-NP
: : O

The DT B-NP
Tire NNP I-NP
King NNP I-NP

Nguyen NNP B-NP
Van NNP I-NP
Chan NNP I-NP
is VBZ B-VP
living VBG B-NP
proof NN I-NP
that IN B-SBAR
old JJ B-NP
ways NNS I-NP
die VBP B-VP
hard JJ B-ADVP
. . O

Mr. NNP B-NP
Chan NNP I-NP
used VBD B-VP
to TO I-VP
be VB I-VP
an DT B-NP
oddity NN I-NP
in IN B-PP
Hanoi NNP B-NP
: : O
a DT B-NP
private JJ I-NP
entrepreneur NN I-NP
. . O

His PRP$ B-NP
business NN I-NP
success NN I-NP
made VBD B-VP
him PRP B-NP
an DT B-NP
official JJ I-NP
target NN I-NP
in IN B-PP
pre-reform JJ B-NP
days NNS I-NP
. . O

Mr. NNP B-NP
Chan NNP I-NP
, , O
now RB B-ADVP
64 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
invented VBD B-VP
a DT B-NP
fountain NN I-NP
pen NN I-NP
he PRP B-NP
and CC O
his PRP$ B-NP
family NN I-NP
produced VBN B-VP
from IN B-PP
plastic NN B-NP
waste NN I-NP
. . O

Later RB B-ADVP
, , O
he PRP B-NP
marketed VBD B-VP
glue NN B-NP
. . O

Both DT B-NP
products NNS I-NP
were VBD B-VP
immensely RB B-ADJP
popular JJ I-ADJP
. . O

For IN B-PP
his PRP$ B-NP
troubles NNS I-NP
, , O
Mr. NNP B-NP
Chan NNP I-NP
was VBD B-VP
jailed VBN I-VP
three CD B-NP
times NNS I-NP
between IN B-PP
1960 CD B-NP
and CC I-NP
1974 CD I-NP
. . O

Though IN B-SBAR
his PRP$ B-NP
operation NN I-NP
was VBD B-VP
registered VBN I-VP
and CC O
used VBN B-VP
only JJ B-NP
scrap NN I-NP
, , O
he PRP B-NP
was VBD B-VP
accused VBN I-VP
of IN B-PP
conducting VBG B-VP
illegal JJ B-NP
business NN I-NP
and CC O
possessing VBG B-VP
illegal JJ B-NP
materials NNS I-NP
. . O

Once RB B-ADVP
he PRP B-NP
was VBD B-VP
held VBN I-VP
for IN B-PP
three CD B-NP
months NNS I-NP
without IN B-PP
being VBG B-VP
charged VBN I-VP
. . O

Things NNS B-NP
were VBD B-VP
supposed VBN I-VP
to TO I-VP
change VB I-VP
when WRB B-ADVP
Vietnam NNP B-NP
's POS B-NP
economic JJ I-NP
reforms NNS I-NP
gathered VBD B-VP
pace NN B-NP
, , O
and CC O
for IN B-PP
awhile RB B-ADVP
they PRP B-NP
did VBD B-VP
. . O

After IN B-PP
years NNS B-NP
of IN B-PP
experimenting VBG B-NP
, , O
Mr. NNP B-NP
Chan NNP I-NP
produced VBD B-VP
a DT B-NP
heavy-duty JJ I-NP
bicycle NN I-NP
tire NN I-NP
that WDT B-NP
outlasted VBD B-VP
its PRP$ B-NP
state-produced JJ I-NP
rival NN I-NP
. . O

By IN B-PP
1982 CD B-NP
, , O
he PRP B-NP
was VBD B-VP
selling VBG I-VP
thousands NNS B-NP
of IN B-PP
tires NNS B-NP
. . O

Newspapers NNS B-NP
published VBD B-VP
articles NNS B-NP
about IN B-PP
him PRP B-NP
, , O
and CC O
he PRP B-NP
was VBD B-VP
hailed VBN I-VP
as IN B-PP
`` `` O
the DT B-NP
tire NN I-NP
king NN I-NP
. . O
'' '' O

His PRP$ B-NP
efforts NNS I-NP
earned VBD B-VP
a DT B-NP
gold NN I-NP
medal NN I-NP
at IN B-PP
a DT B-NP
national JJ I-NP
exhibition NN I-NP
-- : O
and CC O
attracted VBN B-VP
renewed VBN B-NP
attention NN I-NP
from IN B-PP
local JJ B-NP
authorities NNS I-NP
. . O

District NN B-NP
police NN I-NP
in IN B-PP
1983 CD B-NP
descended VBD B-VP
on IN B-PP
his PRP$ B-NP
suburban JJ I-NP
home NN I-NP
, , O
which WDT B-NP
he PRP B-NP
and CC O
his PRP$ B-NP
large JJ I-NP
family NN I-NP
used VBN B-VP
as IN B-PP
both DT B-NP
residence NN I-NP
and CC I-NP
factory NN I-NP
, , O
and CC O
demanded VBD B-VP
proof NN B-NP
the DT B-NP
house NN I-NP
and CC I-NP
equipment NN I-NP
were VBD B-VP
his PRP$ B-NP
. . O

He PRP B-NP
produced VBD B-VP
it PRP B-NP
. . O

`` `` O
That DT B-NP
was VBD B-VP
the DT B-NP
first JJ I-NP
time NN I-NP
they PRP B-NP
lost VBD B-VP
and CC O
I PRP B-NP
won VBD B-VP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

He PRP B-NP
was VBD B-VP
further JJ I-VP
questioned VBD I-VP
to TO B-VP
determine VB I-VP
if IN B-SBAR
he PRP B-NP
was VBD B-VP
`` `` O
a DT B-NP
real JJ I-NP
working NN I-NP
man NN I-NP
or CC O
an DT B-NP
exploiter NN I-NP
. . O
'' '' O

Says VBZ B-VP
Mr. NNP B-NP
Chan NNP I-NP
: : O
`` `` O
When WRB B-ADVP
I PRP B-NP
showed VBD B-VP
it PRP B-NP
was VBD B-VP
from IN B-PP
my PRP$ B-NP
own JJ I-NP
brain NN I-NP
, , O
they PRP B-NP
lost VBD B-VP
for IN B-PP
the DT B-NP
second JJ I-NP
time NN I-NP
. . O
'' '' O

But CC O
a DT B-NP
few JJ I-NP
days NNS I-NP
later RB B-ADVP
the DT B-NP
police NN I-NP
accused VBD B-VP
him PRP B-NP
of IN B-PP
stealing VBG B-VP
electricity NN B-NP
, , O
acquiring VBG B-VP
rubber NN B-NP
without IN B-PP
permission NN B-NP
and CC O
buying VBG B-VP
stolen VBN B-NP
property NN I-NP
. . O

Warned VBD B-VP
he PRP B-NP
was VBD B-VP
to TO I-VP
be VB I-VP
jailed VBN I-VP
again RB B-ADVP
, , O
he PRP B-NP
fled VBD B-VP
to TO B-PP
the DT B-NP
countryside NN I-NP
. . O

His PRP$ B-NP
family NN I-NP
was VBD B-VP
given VBN I-VP
three CD B-NP
hours NNS I-NP
to TO B-VP
leave VB I-VP
before IN O
the DT B-NP
house NN I-NP
and CC I-NP
contents NNS I-NP
were VBD B-VP
confiscated VBN I-VP
. . O

With IN B-PP
only RB B-NP
the DT I-NP
clothes NNS I-NP
they PRP B-NP
were VBD B-VP
wearing VBG I-VP
, , O
family NN B-NP
members NNS I-NP
moved VBD B-VP
to TO B-PP
a DT B-NP
home NN I-NP
owned VBN B-VP
by IN B-PP
one CD B-NP
of IN B-PP
Mr. NNP B-NP
Chan NNP I-NP
's POS B-NP
sons NNS I-NP
. . O

After IN B-PP
six CD B-NP
months NNS I-NP
on IN B-PP
the DT B-NP
run NN I-NP
, , O
Mr. NNP B-NP
Chan NNP I-NP
learned VBD B-VP
the DT B-NP
order NN I-NP
for IN B-PP
his PRP$ B-NP
arrest NN I-NP
had VBD B-VP
been VBN I-VP
canceled VBN I-VP
. . O

He PRP B-NP
rejoined VBD B-VP
his PRP$ B-NP
family NN I-NP
in IN B-PP
January NNP B-NP
1984 CD I-NP
and CC O
began VBD B-VP
the DT B-NP
long JJ I-NP
struggle NN I-NP
for IN B-PP
justice NN B-NP
, , O
pressing VBG B-VP
everyone NN B-NP
from IN B-PP
Hanoi NNP B-NP
municipal JJ I-NP
officials NNS I-NP
to TO B-PP
National NNP B-NP
Assembly NNP I-NP
deputies NNS I-NP
for IN B-PP
restoration NN B-NP
of IN B-PP
his PRP$ B-NP
rights NNS I-NP
. . O

He PRP B-NP
and CC O
his PRP$ B-NP
family NN I-NP
kept VBD B-VP
afloat RB B-ADJP
by IN B-PP
repairing VBG B-VP
bicycles NNS B-NP
, , O
selling VBG B-VP
fruit NN B-NP
and CC O
doing VBG B-VP
odd JJ B-NP
jobs NNS I-NP
. . O

Mr. NNP B-NP
Chan NNP I-NP
achieved VBD B-VP
a DT B-NP
breakthrough NN I-NP
in IN B-PP
1987 CD B-NP
-- : O
and CC O
became VBD B-VP
a DT B-NP
minor JJ I-NP
celebrity NN I-NP
again RB B-ADVP
-- : O
when WRB B-ADVP
his PRP$ B-NP
story NN I-NP
was VBD B-VP
published VBN I-VP
in IN B-PP
a DT B-NP
weekly JJ I-NP
newspaper NN I-NP
. . O

In IN B-PP
1988 CD B-NP
, , O
18 CD B-NP
months NNS I-NP
after IN O
the DT B-NP
sixth JJ I-NP
congress NN I-NP
formally RB B-ADVP
endorsed VBD B-VP
family-run JJ B-NP
private JJ I-NP
enterprise NN I-NP
, , O
district NN B-NP
authorities NNS I-NP
allowed VBD B-VP
Mr. NNP B-NP
Chan NNP I-NP
to TO B-VP
resume VB I-VP
work NN B-NP
. . O

By IN B-PP
late JJ B-NP
last JJ I-NP
year NN I-NP
he PRP B-NP
was VBD B-VP
invited VBN I-VP
back RB B-ADVP
as IN B-PP
`` `` O
the DT B-NP
tire NN I-NP
king NN I-NP
'' '' O
to TO B-VP
display VB I-VP
his PRP$ B-NP
products NNS I-NP
at IN B-PP
a DT B-NP
national JJ I-NP
exhibition NN I-NP
. . O

National JJ B-NP
leaders NNS I-NP
stopped VBN B-VP
by IN B-PP
his PRP$ B-NP
stand NN I-NP
to TO B-VP
commend VB I-VP
his PRP$ B-NP
achievements NNS I-NP
. . O

Mr. NNP B-NP
Chan NNP I-NP
now RB B-ADVP
produces VBZ B-VP
1,000 CD B-NP
bicycle NN I-NP
and CC I-NP
motorbike NN I-NP
tires VBZ I-NP
a DT B-NP
month NN I-NP
and CC O
1,000 CD B-NP
tins NNS I-NP
of IN B-PP
tire-patching JJ B-NP
glue NN I-NP
in IN B-PP
the DT B-NP
son NN I-NP
's POS B-NP
small JJ I-NP
house NN I-NP
. . O

Eighteen CD B-NP
people NNS I-NP
pack VBP B-VP
the DT B-NP
house NN I-NP
's POS B-NP
two CD I-NP
rooms NNS I-NP
-- : O
the DT B-NP
Chans NNS I-NP
, , O
four CD B-NP
of IN B-PP
their PRP$ B-NP
10 CD I-NP
children NNS I-NP
with IN B-PP
spouses NNS B-NP
, , O
and CC O
eight CD B-NP
of IN B-PP
22 CD B-NP
grandchildren NNS I-NP
. . O

Most JJS B-NP
sleep VB B-VP
on IN B-PP
the DT B-NP
floor NN I-NP
. . O

Come VB B-PP
daybreak NN B-NP
, , O
eight CD B-NP
family NN I-NP
members NNS I-NP
and CC O
two CD B-NP
other JJ I-NP
workers NNS I-NP
unroll VBP B-VP
a DT B-NP
sheet NN I-NP
of IN B-PP
raw JJ B-NP
rubber NN I-NP
that WDT B-NP
covers VBZ B-VP
the DT B-NP
floor NN I-NP
of IN B-PP
the DT B-NP
house NN I-NP
and CC O
spills NNS B-VP
out IN B-ADVP
onto IN B-PP
the DT B-NP
street NN I-NP
. . O

The DT B-NP
primitive JJ I-NP
operations NNS I-NP
also RB B-ADVP
burst VBP B-VP
out RP B-PP
the IN B-NP
back JJ I-NP
door NN I-NP
into IN B-PP
a DT B-NP
small JJ I-NP
courtyard NN I-NP
, , O
where WRB B-ADVP
an DT B-NP
ancient JJ I-NP
press NN I-NP
squeezes VBZ B-VP
rubber NN B-NP
solution NN I-NP
into IN B-PP
a DT B-NP
flat JJ I-NP
strip NN I-NP
and CC O
newly RB B-NP
made VBN I-NP
tires NNS I-NP
are VBP B-VP
cooled VBN I-VP
in IN B-PP
a DT B-NP
bathtub NN I-NP
filled VBN B-VP
with IN B-PP
water NN B-NP
. . O

Mr. NNP B-NP
Chan NNP I-NP
talks VBZ B-VP
optimistically RB B-ADVP
of IN B-PP
expanding VBG B-VP
, , O
maybe RB B-VP
even RB I-VP
moving VBG I-VP
into IN B-PP
the DT B-NP
import-export JJ I-NP
field NN I-NP
. . O

First RB B-ADVP
, , O
however RB B-ADVP
, , O
he PRP B-NP
has VBZ B-VP
unfinished JJ B-NP
business NN I-NP
. . O

When WRB B-ADVP
district NN B-NP
authorities NNS I-NP
allowed VBN B-VP
him PRP B-NP
to TO B-VP
resume VB I-VP
manufacturing NN B-NP
, , O
they PRP B-NP
released VBD B-VP
only RB B-NP
one CD I-NP
of IN B-PP
his PRP$ B-NP
machines NNS I-NP
. . O

They PRP B-NP
did VBD B-VP
n't RB I-VP
return VB I-VP
the DT B-NP
rubber NN I-NP
stocks NNS I-NP
that WDT B-NP
represent VBP B-VP
his PRP$ B-NP
capital NN I-NP
. . O

Nor CC O
did VBD O
they PRP B-NP
return VBP B-VP
his PRP$ B-NP
house NN I-NP
and CC I-NP
contents NNS I-NP
, , O
which WDT B-NP
he PRP B-NP
values VBZ B-VP
at IN B-PP
about RB B-NP
$ $ I-NP
44,000 CD I-NP
. . O

He PRP B-NP
wants VBZ B-VP
to TO I-VP
recover VB I-VP
more JJR B-NP
than IN B-PP
just RB B-NP
his PRP$ I-NP
property NN I-NP
, , O
though RB B-ADVP
. . O

`` `` O
I PRP B-NP
want VBP B-VP
my PRP$ B-NP
dignity NN I-NP
back RB B-PRT
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

The DT B-NP
Editor NNP I-NP

Nguyen NNP B-NP
Ngoc NNP I-NP
seemed VBD B-VP
an DT B-NP
obvious JJ I-NP
choice NN I-NP
when WRB B-ADVP
the DT B-NP
Vietnamese NNP I-NP
Writers NNP I-NP
Association NNP I-NP
was VBD B-VP
looking VBG I-VP
for IN B-PP
a DT B-NP
new JJ I-NP
editor NN I-NP
to TO B-VP
reform VB I-VP
its PRP$ B-NP
weekly JJ I-NP
newspaper NN I-NP
, , O
Van NNP B-NP
Nghe NNP I-NP
. . O

After IN B-PP
the DT B-NP
sixth JJ I-NP
congress NN I-NP
, , O
journalists NNS B-NP
seized VBD B-VP
the DT B-NP
opportunity NN I-NP
provided VBN B-VP
by IN B-PP
the DT B-NP
liberalization NN I-NP
to TO B-VP
probe VB I-VP
previously RB B-NP
taboo JJ I-NP
subjects NNS I-NP
. . O

Mr. NNP B-NP
Ngoc NNP I-NP
, , O
57 CD B-NP
years NNS I-NP
old JJ I-NP
, , O
had VBD B-VP
solid JJ B-NP
reformist NN I-NP
credentials NNS I-NP
: : O
He PRP B-NP
had VBD B-VP
lost VBN I-VP
his PRP$ B-NP
official JJ I-NP
position NN I-NP
in IN B-PP
the DT B-NP
association NN I-NP
in IN B-PP
he PRP B-NP
early JJ I-NP
1980s CD I-NP
because IN B-SBAR
he PRP B-NP
questioned VBD B-VP
the DT B-NP
intrusion NN I-NP
of IN B-PP
politics NNS B-NP
into IN B-PP
literature NN B-NP
. . O

Appointed VBN B-VP
editor NN B-NP
in IN B-PP
chief JJ B-NP
in IN B-PP
July NNP B-NP
1987 CD I-NP
, , O
Mr. NNP B-NP
Ngoc NNP I-NP
rapidly RB B-ADVP
turned VBD B-VP
the DT B-NP
staid JJ I-NP
Van NNP I-NP
Nghe NNP I-NP
into IN B-PP
Vietnam NNP B-NP
's POS B-NP
hottest JJS I-NP
paper NN I-NP
. . O

Circulation NN B-NP
soared VBD B-VP
as IN B-SBAR
the DT B-NP
weekly NN I-NP
went VBD B-VP
way NN B-ADVP
beyond IN B-PP
standard JJ B-NP
literary JJ I-NP
themes NNS I-NP
to TO B-VP
cover VB I-VP
Vietnamese JJ B-NP
society NN I-NP
and CC O
its PRP$ B-NP
ills NNS I-NP
. . O

Readers NNS B-NP
were VBD B-VP
electrified VBN I-VP
by IN B-PP
the DT B-NP
paper NN I-NP
's POS B-NP
audacity NN I-NP
and CC O
appalled VBN B-VP
by IN B-PP
the DT B-NP
dark JJ I-NP
side NN I-NP
of IN B-PP
life NN B-NP
it PRP B-NP
uncovered VBD B-VP
. . O

One CD B-NP
article NN I-NP
recounted VBD B-VP
a DT B-NP
decade-long JJ I-NP
struggle NN I-NP
by IN B-PP
a DT B-NP
wounded VBN I-NP
soldier NN I-NP
to TO B-VP
prove VB I-VP
, , O
officially RB B-ADVP
, , O
he PRP B-NP
was VBD B-VP
alive JJ B-ADJP
. . O

Another DT B-NP
described VBN B-VP
how WRB B-ADVP
tax-collection JJ B-NP
officials NNS I-NP
in IN B-PP
Thanh NNP B-NP
Hoa NNP I-NP
province NN I-NP
one CD B-NP
night NN I-NP
stormed VBD B-VP
through IN B-PP
homes NNS B-NP
and CC O
confiscated VBN B-VP
rice NN B-NP
from IN B-PP
starving VBG B-NP
villagers NNS I-NP
. . O

The DT B-NP
newspaper NN I-NP
also RB B-ADVP
ran VBD B-VP
a DT B-NP
series NN I-NP
of IN B-PP
controversial JJ B-NP
short JJ I-NP
stories NNS I-NP
by IN B-PP
Nguyen NNP B-NP
Huy NNP I-NP
Thiep NNP I-NP
, , O
a DT B-NP
former JJ I-NP
history NN I-NP
teacher NN I-NP
, , O
who WP B-NP
stirred VBD B-VP
debate NN B-NP
over IN B-PP
his PRP$ B-NP
interpretation NN I-NP
of IN B-PP
Vietnamese JJ B-NP
culture NN I-NP
and CC O
took VBD B-VP
a DT B-NP
thinly RB I-NP
veiled VBN I-NP
swipe NN I-NP
at IN B-PP
writers NNS B-NP
who WP B-NP
had VBD B-VP
blocked VBN I-VP
his PRP$ B-NP
entry NN I-NP
into IN B-PP
their PRP$ B-NP
official JJ I-NP
association NN I-NP
. . O

Van NNP B-NP
Nghe NNP I-NP
quickly RB B-ADVP
made VBD B-VP
influential JJ B-NP
enemies NNS I-NP
. . O

`` `` O
Those DT B-NP
who WP B-NP
manage VBP B-VP
ideology NN B-NP
and CC O
a DT B-NP
large JJ I-NP
number NN I-NP
of IN B-PP
writers NNS B-NP
reacted VBD B-VP
badly RB B-ADVP
'' '' O
to TO B-PP
the DT B-NP
restyled VBN I-NP
paper NN I-NP
, , O
says VBZ B-VP
Lai NNP B-NP
Nguyen NNP I-NP
An DT I-NP
, , O
a DT B-NP
literary JJ I-NP
critic NN I-NP
. . O

After IN B-PP
months NNS B-NP
of IN B-PP
internal JJ B-NP
rumblings NNS I-NP
, , O
Mr. NNP B-NP
Ngoc NNP I-NP
was VBD B-VP
fired VBN I-VP
last JJ B-NP
December NNP I-NP
. . O

His PRP$ B-NP
dismissal NN I-NP
triggered VBD B-VP
a DT B-NP
furor NN I-NP
among IN B-PP
intellectuals NNS B-NP
that WDT B-NP
continues VBZ B-VP
today NN B-NP
. . O

`` `` O
Under IN B-PP
Mr. NNP B-NP
Ngoc NNP I-NP
, , O
Van NNP B-NP
Nghe NNP I-NP
protected VBD B-VP
the DT B-NP
people NNS I-NP
instead RB B-CONJP
of IN I-CONJP
the DT B-NP
government NN I-NP
, , O
'' '' O
says VBZ B-VP
Nguyen NNP B-NP
Duy NNP I-NP
, , O
a DT B-NP
poet NN I-NP
who WP B-NP
is VBZ B-VP
the DT B-NP
paper NN I-NP
's POS B-NP
bureau NN I-NP
chief NN I-NP
for IN B-PP
southern JJ B-NP
Vietnam NNP I-NP
. . O

`` `` O
The DT B-NP
paper NN I-NP
reflected VBD B-VP
the DT B-NP
truth NN I-NP
. . O

For IN B-PP
the DT B-NP
leadership NN I-NP
, , O
that WDT B-NP
was VBD B-VP
too RB B-ADJP
painful JJ I-ADJP
to TO B-VP
bear VB I-VP
. . O
'' '' O

The DT B-NP
` `` I-NP
Billionaire NN I-NP
' '' O

Nguyen NNP B-NP
Thi NNP I-NP
Thi NNP I-NP
is VBZ B-VP
Vietnam NNP B-NP
's POS B-NP
entrepreneur NN I-NP
of IN B-PP
the DT B-NP
1980s CD I-NP
. . O

Her PRP$ B-NP
challenge NN I-NP
is VBZ B-VP
to TO B-VP
keep VB I-VP
her PRP$ B-NP
fledgling NN I-NP
empire NN I-NP
on IN B-PP
top JJ B-NP
in IN B-PP
the DT B-NP
1990s CD I-NP
. . O

Mrs. NNP B-NP
Thi NNP I-NP
did VBD B-VP
n't RB I-VP
wait VB I-VP
for IN B-PP
the DT B-NP
reforms NNS I-NP
to TO B-VP
get VB I-VP
her PRP$ B-NP
start NN I-NP
. . O

She PRP B-NP
charged VBD B-VP
ahead RB B-ADVP
of IN B-PP
the DT B-NP
government NN I-NP
and CC O
the DT B-NP
law NN I-NP
to TO B-VP
establish VB I-VP
Hochiminh NNP B-NP
City NNP I-NP
Food NNP I-NP
Co. NNP I-NP
as IN B-PP
the DT B-NP
biggest JJS I-NP
rice NN I-NP
dealer NN I-NP
in IN B-PP
the DT B-NP
country NN I-NP
. . O

Her PRP$ B-NP
success NN I-NP
, , O
which WDT B-NP
included VBD B-VP
alleviating VBG I-VP
an DT B-NP
urban JJ I-NP
food NN I-NP
shortage NN I-NP
in IN B-PP
the DT B-NP
early JJ I-NP
1980s CD I-NP
, , O
helped VBD B-VP
persuade VB I-VP
Hanoi NNP B-NP
to TO B-VP
take VB I-VP
the DT B-NP
reform NN I-NP
path NN I-NP
. . O

Her PRP$ B-NP
story NN I-NP
is VBZ B-VP
becoming VBG I-VP
part NN B-NP
of IN B-PP
local JJ B-NP
folklore NN I-NP
. . O

A DT B-NP
lifelong JJ I-NP
revolutionary NN I-NP
with IN B-PP
little JJ B-NP
education NN I-NP
who WP B-NP
fought VBD B-VP
both DT B-NP
the DT B-NP
French JJ I-NP
and CC O
the DT B-NP
U.S.-backed JJ I-NP
Saigon NNP I-NP
regime NN I-NP
, , O
she PRP B-NP
switched VBD B-VP
effortlessly RB B-ADVP
to TO B-PP
commerce NN B-NP
after IN B-PP
the DT B-NP
war NN I-NP
. . O

Her PRP$ B-NP
instincts NNS I-NP
were VBD B-VP
capitalistic JJ B-ADJP
, , O
despite IN B-PP
her PRP$ B-NP
background NN I-NP
. . O

As IN B-SBAR
she PRP B-NP
rode VBD B-VP
over IN B-PP
regulations NNS B-NP
, , O
only RB B-NP
her PRP$ I-NP
friendship NN I-NP
with IN B-PP
party NN B-NP
leaders NNS I-NP
, , O
including VBG B-PP
Nguyen NNP B-NP
Van NNP I-NP
Linh NNP I-NP
, , O
then RB B-ADVP
Ho NNP B-NP
Chi NNP I-NP
Minh NNP I-NP
City NNP I-NP
party NN I-NP
secretary NN I-NP
, , O
kept VBD B-VP
her PRP B-NP
out IN B-PP
of IN B-PP
jail NN B-NP
. . O

Following VBG B-PP
Mr. NNP B-NP
Linh NNP I-NP
's POS B-NP
appointment NN I-NP
as IN B-PP
secretary-general NN B-NP
of IN B-PP
the DT B-NP
party NN I-NP
at IN B-PP
the DT B-NP
sixth JJ I-NP
congress NN I-NP
, , O
Mrs. NNP B-NP
Thi NNP I-NP
has VBZ B-VP
become VBN I-VP
the DT B-NP
darling NN I-NP
of IN B-PP
`` `` O
doi FW B-NP
moi FW I-NP
'' '' O
, , O
the DT B-NP
Vietnamese JJ I-NP
version NN I-NP
of IN B-PP
perestroika FW B-NP
. . O

The DT B-NP
authorities NNS I-NP
have VBP B-VP
steered VBN I-VP
foreign JJ B-NP
reporters NNS I-NP
to TO B-PP
her PRP$ B-NP
office NN I-NP
to TO B-VP
see VB I-VP
an DT B-NP
example NN I-NP
of IN B-PP
`` `` O
the DT B-NP
new JJ I-NP
way NN I-NP
of IN B-PP
thinking VBG B-NP
. . O
'' '' O

Foreign JJ B-NP
publications NNS I-NP
have VBP B-VP
responded VBN I-VP
with IN B-PP
articles NNS B-NP
declaring VBG B-VP
her PRP$ B-NP
Vietnam NNP B-NP
's POS B-NP
richest JJS I-NP
woman NN I-NP
. . O

`` `` O
Some DT B-NP
people NNS I-NP
call VBP B-VP
me PRP B-NP
the DT B-NP
communist JJ I-NP
billionaire NN I-NP
, , O
'' '' O
she PRP B-NP
has VBZ B-VP
told VBN I-VP
visitors NNS B-NP
. . O

Actually RB B-ADVP
, , O
67-year-old NNP B-NP
Mrs. NNP I-NP
Thi NNP I-NP
is VBZ B-VP
about IN B-ADJP
as RB I-ADJP
poor JJ I-ADJP
as IN B-PP
almost JJ B-NP
everyone NN I-NP
else RB I-NP
in IN B-PP
this DT B-NP
impoverished JJ I-NP
land NN I-NP
. . O

She PRP B-NP
has VBZ B-VP
indeed RB I-VP
turned VBN I-VP
Hochiminh NNP B-NP
City NNP I-NP
Food NNP I-NP
into IN B-PP
a DT B-NP
budding VBG I-NP
conglomerate NN I-NP
, , O
but CC O
the DT B-NP
company NN I-NP
itself PRP B-NP
remains VBZ B-VP
state-owned JJ B-ADJP
. . O

She PRP B-NP
manages VBZ B-VP
it PRP B-NP
with IN B-PP
the DT B-NP
title NN I-NP
of IN B-PP
general-director NN B-NP
. . O

The DT B-NP
heart NN I-NP
of IN B-PP
the DT B-NP
business NN I-NP
is VBZ B-VP
the DT B-NP
purchase NN I-NP
of IN B-PP
rice NN B-NP
and CC O
other JJ B-NP
commodities NNS I-NP
, , O
such JJ B-PP
as IN I-PP
corn NN B-NP
and CC I-NP
coffee NN I-NP
, , O
from IN B-PP
farmers NNS B-NP
in IN B-PP
the DT B-NP
south RB I-NP
, , O
paying VBG B-VP
with IN B-PP
fertilizer NN B-NP
, , O
farm NN B-NP
tools NNS I-NP
and CC O
other JJ B-NP
items NNS I-NP
. . O

Last JJ B-NP
year NN I-NP
, , O
Hochiminh NNP B-NP
City NNP I-NP
Food NNP I-NP
says VBZ B-VP
it PRP B-NP
bought VBD B-VP
two CD B-NP
million CD I-NP
metric JJ I-NP
tons NNS I-NP
of IN B-PP
unhusked VBN B-NP
rice NN I-NP
, , O
more JJR B-NP
than IN I-NP
10 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
output NN I-NP
. . O

The DT B-NP
company NN I-NP
operates VBZ B-VP
a DT B-NP
fleet NN I-NP
of IN B-PP
trucks NNS B-NP
and CC I-NP
boats NNS I-NP
to TO B-VP
transport VB I-VP
the DT B-NP
commodities NNS I-NP
to TO B-PP
its PRP$ B-NP
warehouses NNS I-NP
. . O

A DT B-NP
subsidiary NN I-NP
company NN I-NP
processes NNS B-VP
commodities NNS B-NP
into IN B-PP
foods NNS B-NP
such JJ B-PP
as IN I-PP
instant NN B-NP
noodles NNS I-NP
that WDT B-NP
are VBP B-VP
sold VBN I-VP
with IN B-PP
the DT B-NP
rice NN I-NP
through IN B-PP
a DT B-NP
vast JJ I-NP
retail JJ I-NP
network NN I-NP
. . O

In IN B-PP
recent JJ B-NP
years NNS I-NP
, , O
Mrs. NNP B-NP
Thi NNP I-NP
has VBZ B-VP
started VBN I-VP
to TO I-VP
diversify VB I-VP
the DT B-NP
company NN I-NP
, , O
taking VBG B-VP
a DT B-NP
20 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
newly RB B-NP
established VBN I-NP
, , I-NP
partly RB I-NP
private JJ I-NP
Industrial NNP I-NP
and CC I-NP
Commercial NNP I-NP
Bank NNP I-NP
, , O
and CC O
setting VBG B-VP
up IN B-PRT
Saigon NNP B-NP
Petro NNP I-NP
, , O
which WDT B-NP
owns VBZ B-VP
and CC I-VP
operates VBZ I-VP
Vietnam NNP B-NP
's POS B-NP
first JJ I-NP
oil NN I-NP
refinery NN I-NP
. . O

Mrs. NNP B-NP
Thi NNP I-NP
says VBZ B-VP
Hochiminh NNP B-NP
City NNP I-NP
Food NNP I-NP
last JJ B-NP
year NN I-NP
increased VBD B-VP
pretax JJ B-NP
profit NN I-NP
60 CD B-NP
% NN I-NP
to TO B-PP
the DT B-NP
equivalent NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
2.7 CD I-NP
million CD I-NP
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
150 CD I-NP
million CD I-NP
. . O

She PRP B-NP
expects VBZ B-VP
both DT B-NP
revenue NN I-NP
and CC I-NP
profit NN I-NP
to TO B-VP
gain VB I-VP
this DT B-NP
year NN I-NP
. . O

She PRP B-NP
is VBZ B-VP
almost RB B-ADJP
cavalier JJ I-ADJP
about IN B-PP
the DT B-NP
possibility NN I-NP
Vietnam NNP B-NP
's POS B-NP
reforms NNS I-NP
will MD B-VP
create VB I-VP
rivals NNS B-NP
on IN B-PP
her PRP$ B-NP
home NN I-NP
turf NN I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
mind VB I-VP
the DT B-NP
competition NN I-NP
inside IN B-PP
the DT B-NP
country NN I-NP
, , O
'' '' O
she PRP B-NP
says VBZ B-VP
. . O

`` `` O
I PRP B-NP
am VBP B-VP
only RB B-ADVP
afraid JJ B-ADJP
that IN B-SBAR
with IN B-PP
Vietnam NNP B-NP
's POS B-NP
poor-quality JJ I-NP
products NNS I-NP
we PRP B-NP
ca MD B-VP
n't RB I-VP
compete VB I-VP
with IN B-PP
neighboring VBG B-NP
countries NNS I-NP
. . O

The DT B-NP
earthquake NN I-NP
that WDT B-NP
hit VBD B-VP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
area NN I-NP
is VBZ B-VP
n't RB O
likely JJ B-ADJP
to TO B-VP
result VB I-VP
in IN B-PP
wholesale JJ B-NP
downgrading NN I-NP
of IN B-PP
bond NN B-NP
ratings NNS I-NP
, , O
officials NNS B-NP
at IN B-PP
the DT B-NP
two CD I-NP
major JJ I-NP
rating NN I-NP
agencies NNS I-NP
said VBD B-VP
. . O

Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
Corp. NNP I-NP
is VBZ B-VP
reviewing VBG I-VP
debt NN B-NP
issued VBN B-VP
by IN B-PP
12 CD B-NP
California NNP I-NP
counties NNS I-NP
, , O
and CC O
`` `` O
there EX B-NP
are VBP B-VP
potential JJ B-NP
isolated VBN I-NP
problems NNS I-NP
, , O
'' '' O
said VBD B-VP
Hyman NNP B-NP
Grossman NNP I-NP
, , O
a DT B-NP
managing VBG I-NP
director NN I-NP
. . O

The DT B-NP
agency NN I-NP
is VBZ B-VP
preparing VBG I-VP
a DT B-NP
report NN I-NP
, , O
to TO B-VP
be VB I-VP
issued VBN I-VP
today NN B-NP
, , O
on IN B-PP
the DT B-NP
earthquake NN I-NP
's POS B-NP
impact NN I-NP
on IN B-PP
the DT B-NP
property- NN I-NP
and CC I-NP
casualty-insurance NN I-NP
industry NN I-NP
. . O

The DT B-NP
only JJ I-NP
securities NNS I-NP
so RB B-ADVP
far RB I-ADVP
to TO B-VP
be VB I-VP
singled VBN I-VP
out IN B-PRT
are VBP B-VP
those DT B-NP
issued VBN B-VP
by IN B-PP
Bay NNP B-NP
View NNP I-NP
Federal NNP I-NP
Savings NNP I-NP
& CC I-NP
Loan NNP I-NP
. . O

Moody NNP B-NP
's POS B-NP
Investors NNP I-NP
Service NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
is VBZ B-VP
reviewing VBG I-VP
, , O
with IN B-PP
an DT B-NP
eye NN I-NP
toward IN B-PP
a DT B-NP
possible JJ I-NP
downgrade NN I-NP
, , O
the DT B-NP
ratings NNS I-NP
on IN B-PP
Bay NNP B-NP
View NNP I-NP
Federal NNP I-NP
bonds NNS I-NP
, , O
long-term JJ B-NP
deposits NNS I-NP
and CC O
the DT B-NP
preferred-stock JJ I-NP
rating NN I-NP
of IN B-PP
its PRP$ B-NP
parent NN I-NP
company NN I-NP
, , O
Bay NNP B-NP
View NNP I-NP
Capital NNP I-NP
Corp NNP I-NP
. . O

As IN B-PP
for IN B-PP
property NN B-NP
and CC I-NP
casualty NN I-NP
insurers NNS I-NP
, , O
Moody NNP B-NP
's POS B-NP
said VBD B-VP
`` `` O
preliminary JJ B-NP
estimates NNS I-NP
suggest VBP B-VP
that IN B-SBAR
losses NNS B-NP
should MD B-VP
not RB I-VP
have VB I-VP
a DT B-NP
significant JJ I-NP
impact NN I-NP
on IN B-PP
most RBS B-NP
insurers NNS I-NP
' POS B-NP
financial JJ I-NP
condition NN I-NP
, , O
'' '' O
but CC O
it PRP B-NP
`` `` O
raises VBZ B-VP
concerns NNS B-NP
about IN B-PP
potentially RB B-NP
substantial JJ I-NP
risks NNS I-NP
'' '' O
longer-term JJ B-ADJP
. . O

`` `` O
Losses NNS B-NP
from IN B-PP
the DT B-NP
earthquake NN I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
of IN B-PP
similar JJ B-NP
magnitude NN I-NP
to TO B-PP
those DT B-NP
of IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
, , O
'' '' O
according VBG B-PP
to TO B-PP
Moody NNP B-NP
's POS B-NP
. . O

Your PRP$ B-NP
Oct. NNP I-NP
5 NN I-NP
editorial NN I-NP
`` `` O
A DT B-NP
Democratic NNP I-NP
Tax NNP I-NP
Cut VB I-NP
'' '' O
contained VBD B-VP
an DT B-NP
error NN I-NP
. . O

In IN B-PP
the DT B-NP
third JJ I-NP
paragraph NN I-NP
it PRP B-NP
referred VBD B-VP
to TO B-PP
the DT B-NP
senators NNS I-NP
seeking VBG B-VP
loophole NN B-NP
suggestions NNS I-NP
from IN B-PP
lobbyists NNS B-NP
for IN B-PP
various JJ B-NP
sectors NNS I-NP
of IN B-PP
the DT B-NP
economy NN I-NP
. . O

Among IN B-PP
them PRP B-NP
, , O
`` `` O
banana NN B-NP
farmers NNS I-NP
. . O
'' '' O

The DT B-NP
only RB I-NP
significant JJ I-NP
commercial JJ I-NP
banana NN I-NP
farmers NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
are VBP B-VP
in IN B-PP
Hawaii NNP B-NP
. . O

The DT B-NP
Hawaii NNP I-NP
Banana NNP I-NP
Industry NNP I-NP
Association NNP I-NP
, , O
to TO B-PP
which WDT B-NP
nearly RB B-NP
all DT I-NP
of IN B-PP
them PRP B-NP
belong VBP B-VP
, , O
has VBZ B-VP
no DT B-NP
lobbyist NN I-NP
. . O

Thomas NNP B-NP
V. NNP I-NP
Reese NNP I-NP
Sr NNP I-NP
. . O
Maui NNP B-NP
Banana NNP I-NP
Co NNP I-NP
. . O

Western NNP B-NP
Digital NNP I-NP
Corp. NNP I-NP
reported VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
2.7 CD I-NP
million CD I-NP
, , O
or CC O
nine CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
for IN B-PP
its PRP$ B-NP
first JJ I-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
, , O
citing VBG B-VP
factors NNS B-NP
as RB B-ADJP
varied VBN I-ADJP
as IN B-PP
hurricane NN B-NP
damage NN I-NP
, , O
an DT B-NP
advance NN I-NP
in IN B-PP
graphics NNS B-NP
technology NN I-NP
and CC O
the DT B-NP
strengthening VBG I-NP
dollar NN I-NP
. . O

In IN B-PP
the DT B-NP
year-ago JJ I-NP
period NN I-NP
, , O
the DT B-NP
company NN I-NP
earned VBD B-VP
$ $ B-NP
12.9 CD I-NP
million CD I-NP
, , O
or CC O
45 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
247 CD I-NP
million CD I-NP
. . O

Sales NNS B-NP
for IN B-PP
the DT B-NP
just-ended JJ I-NP
period NN I-NP
fell VBD B-VP
to TO B-PP
about RB B-NP
$ $ I-NP
225 CD I-NP
million CD I-NP
, , O
the DT B-NP
maker NN I-NP
of IN B-PP
computer NN B-NP
parts NNS I-NP
said VBD B-VP
. . O

Nonetheless RB B-ADVP
, , O
Chairman NNP B-NP
Roger NNP I-NP
W. NNP I-NP
Johnson NNP I-NP
said VBD B-VP
he PRP B-NP
expects VBZ B-VP
the DT B-NP
company NN I-NP
to TO B-VP
be VB I-VP
profitable JJ B-ADJP
in IN B-PP
the DT B-NP
current JJ I-NP
quarter NN I-NP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
positioned VBN I-VP
to TO I-VP
come VB I-VP
through IN B-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
, , O
noting VBG B-VP
that IN B-SBAR
the DT B-NP
company NN I-NP
's POS B-NP
backlog NN I-NP
was VBD B-VP
up IN B-ADVP
from IN B-PP
the DT B-NP
previous JJ I-NP
quarter NN I-NP
. . O

In IN B-PP
its PRP$ B-NP
second JJ I-NP
quarter NN I-NP
last JJ B-NP
year NN I-NP
, , O
Western NNP B-NP
Digital NNP I-NP
earned VBD B-VP
$ $ B-NP
12.7 CD I-NP
million CD I-NP
, , O
or CC O
44 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
258.4 CD I-NP
million CD I-NP
. . O

Mr. NNP B-NP
Johnson NNP I-NP
said VBD B-VP
Western NNP B-NP
Digital NNP I-NP
's POS B-NP
plant NN I-NP
in IN B-PP
Puerto NNP B-NP
Rico NNP I-NP
was VBD B-VP
affected VBN I-VP
by IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
, , O
losing VBG B-VP
three CD B-NP
days NNS I-NP
' POS B-NP
production NN I-NP
because IN B-PP
of IN I-PP
the DT B-NP
storm NN I-NP
, , O
which WDT B-NP
wrecked VBD B-VP
much NN B-NP
of IN B-PP
the DT B-NP
Caribbean NNP I-NP
island NN I-NP
's POS B-NP
infrastructure NN I-NP
. . O

Although IN B-SBAR
the DT B-NP
plant NN I-NP
itself PRP B-NP
was VBD B-VP
n't RB I-VP
damaged VBN I-VP
, , O
Mr. NNP B-NP
Johnson NNP I-NP
said VBD B-VP
millions NNS B-NP
of IN B-PP
dollars NNS B-NP
in IN B-PP
first-quarter JJ B-NP
revenue NN I-NP
were VBD B-VP
lost VBN I-VP
. . O

The DT B-NP
revenue NN I-NP
will MD B-VP
be VB I-VP
regained VBN I-VP
in IN B-PP
the DT B-NP
current JJ I-NP
period NN I-NP
, , O
he PRP B-NP
added VBD B-VP
. . O

There EX B-NP
are VBP B-VP
no DT B-NP
plans NNS I-NP
to TO B-VP
initiate VB I-VP
a DT B-NP
common JJ I-NP
stock NN I-NP
dividend NN I-NP
, , O
Mr. NNP B-NP
Johnson NNP I-NP
said VBD B-VP
, , O
explaining VBG B-VP
that IN B-SBAR
the DT B-NP
board NN I-NP
continues VBZ B-VP
to TO I-VP
believe VB I-VP
shareholders NNS B-NP
are VBP B-VP
best RBS I-VP
served VBN I-VP
by IN B-PP
reinvesting VBG B-VP
excess JJ B-NP
cash NN I-NP
. . O

Mr. NNP B-NP
Johnson NNP I-NP
said VBD B-VP
the DT B-NP
first-quarter JJ I-NP
loss NN I-NP
also RB B-ADVP
heavily RB B-VP
reflected VBD I-VP
a DT B-NP
rapid JJ I-NP
change NN I-NP
in IN B-PP
graphics NNS B-NP
technology NN B-NP
that WDT B-NP
left VBD B-VP
reseller JJR B-NP
channels NNS I-NP
with IN B-PP
too RB B-NP
many NN I-NP
of IN B-PP
the DT B-NP
old JJ I-NP
computer NN I-NP
graphics NNS I-NP
boards NNS I-NP
and CC O
too RB B-NP
few JJ I-NP
new JJ I-NP
monitors NNS I-NP
compatible JJ B-ADJP
with IN B-PP
the DT B-NP
new JJ I-NP
graphics NNS I-NP
boards NNS I-NP
. . O

Western NNP B-NP
Digital NNP I-NP
does VBZ B-VP
n't RB I-VP
make VB I-VP
the DT B-NP
monitors NNS I-NP
. . O

An DT B-NP
accelerating VBG I-NP
move NN I-NP
by IN B-PP
personal JJ B-NP
computer NN I-NP
manufacturers NNS I-NP
' POS B-NP
to TO B-VP
include VB I-VP
advanced VBD B-NP
graphics NNS I-NP
capabilities NNS I-NP
as IN B-PP
standard JJ B-NP
equipment NN I-NP
further JJ B-ADVP
dampened VBD B-VP
reseller JJR B-NP
purchases NNS I-NP
of IN B-PP
Western NNP B-NP
Digital NNP I-NP
's POS B-NP
equipment NN I-NP
. . O

`` `` O
The DT B-NP
other JJ I-NP
areas NNS I-NP
of IN B-PP
the DT B-NP
business NN I-NP
-- : O
storage NN B-NP
and CC I-NP
microcomputers NNS I-NP
-- : O
were VBD B-VP
very RB B-ADJP
good JJ I-ADJP
, , O
'' '' O
Mr. NNP B-NP
Johnson NNP I-NP
said VBD B-VP
. . O

He PRP B-NP
said VBD B-VP
Western NNP B-NP
Digital NNP I-NP
has VBZ B-VP
reacted VBN I-VP
swiftly RB B-ADVP
to TO B-PP
the DT B-NP
movement NN I-NP
to TO B-PP
video NN B-NP
graphics NNS I-NP
array NN I-NP
, , O
VGA NNP O
, , O
graphics NNS B-NP
technology NN I-NP
from IN B-PP
the DT O
old JJ O
enhanced VBN O
graphics NNS O
adapter NN O
, , O
EGA NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
a DT B-NP
lower JJR I-NP
resolution NN I-NP
standard JJ I-NP
, , O
technology NN B-NP
and CC O
now RB B-VP
is VBZ I-VP
one CD B-NP
of IN B-PP
the DT B-NP
leading VBG I-NP
producers NNS I-NP
of IN B-PP
these DT B-NP
newer JJR I-NP
units NNS I-NP
. . O

Other JJ B-NP
makers NNS I-NP
of IN B-PP
video NN B-NP
controller NN I-NP
equipment NN I-NP
also RB B-ADVP
were VBD B-VP
caught VBN I-VP
in IN B-PP
the DT B-NP
EGA-VGA JJ I-NP
shift NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
`` `` O
but CC O
we PRP B-NP
were VBD B-VP
able JJ B-ADJP
to TO B-VP
respond VB I-VP
much RB B-ADVP
more RBR I-ADVP
quickly RB I-ADVP
. . O
'' '' O

Still RB B-ADVP
, , O
Mr. NNP B-NP
Johnson NNP I-NP
said VBD B-VP
, , O
`` `` O
our PRP$ B-NP
stock NN I-NP
is VBZ B-VP
grossly RB B-ADVP
undervalued VBN I-ADVP
. . O
'' '' O

He PRP B-NP
said VBD B-VP
the DT B-NP
company NN I-NP
has VBZ B-VP
cut VBN I-VP
operating VBG B-NP
expenses NNS I-NP
by IN B-PP
about IN B-NP
10 CD I-NP
% NN I-NP
over IN B-PP
the DT B-NP
last JJ I-NP
few JJ I-NP
quarters NNS I-NP
, , O
while IN B-SBAR
maintaining VBG B-VP
research NN B-NP
and CC I-NP
development NN I-NP
at IN B-PP
about IN B-NP
8 CD I-NP
% NN I-NP
to TO I-NP
9 CD I-NP
% NN I-NP
of IN B-PP
sales NNS B-NP
. . O

As IN B-PP
part NN B-NP
of IN B-PP
its PRP$ B-NP
reorganization NN I-NP
this DT B-NP
week NN I-NP
, , O
Western NNP B-NP
Digital NNP I-NP
has VBZ B-VP
divided VBN I-VP
its PRP$ B-NP
business NN I-NP
into IN B-PP
two CD B-NP
segments NNS I-NP
-- : O
storage NN B-NP
products NNS I-NP
, , O
including VBG B-PP
controllers NNS B-NP
and CC O
disk NN B-NP
drives NNS I-NP
; : O
and CC O
microcomputer NN B-NP
products NNS I-NP
, , O
which WDT B-NP
include VBP B-VP
graphics NNS B-NP
, , I-NP
communications NNS I-NP
and CC I-NP
peripheral JJ I-NP
control NN I-NP
chips NNS I-NP
. . O

Graphics NNP B-NP
, , I-NP
communications NNS I-NP
and CC I-NP
peripheral JJ I-NP
control NN I-NP
chips NNS I-NP
were VBD B-VP
combined VBN I-VP
because IN B-SBAR
, , O
increasingly RB B-ADVP
, , O
multiple JJ B-NP
functions NNS I-NP
are VBP B-VP
being VBG I-VP
governed VBN I-VP
by IN B-PP
a DT B-NP
single JJ I-NP
chip NN I-NP
. . O

Storage NNP B-NP
, , O
which WDT B-NP
includes VBZ B-VP
computer NN B-NP
controllers NNS I-NP
and CC O
3.5-inch CD B-NP
disk NN I-NP
drives NNS I-NP
, , O
represents VBZ B-VP
nearly RB B-NP
two-thirds NNS I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
business NN I-NP
. . O

Disk NN B-NP
drives NNS I-NP
, , O
which WDT B-NP
allow VBP B-VP
a DT B-NP
computer NN I-NP
to TO B-VP
access VB I-VP
its PRP$ B-NP
memory NN I-NP
, , O
generated VBN B-VP
38 CD B-NP
% NN I-NP
more JJR B-NP
revenue NN I-NP
in IN B-PP
the DT B-NP
most RBS I-NP
recent JJ I-NP
period NN I-NP
compared VBN B-PP
with IN B-PP
the DT B-NP
fiscal JJ I-NP
first JJ I-NP
quarter NN I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Computer NN B-NP
parts NNS I-NP
are VBP B-VP
getting VBG I-VP
ever RB B-ADJP
smaller JJR I-ADJP
, , O
Mr. NNP B-NP
Johnson NNP I-NP
said VBD B-VP
, , O
a DT B-NP
shrinking VBG I-NP
that WDT B-NP
has VBZ B-VP
propelled VBN I-VP
laptops NNS B-NP
into IN B-PP
position NN B-NP
as IN B-PP
the DT B-NP
fastest-growing JJ I-NP
segment NN I-NP
of IN B-PP
the DT B-NP
computer NN I-NP
business NN I-NP
. . O

As IN B-SBAR
smaller JJR B-NP
and CC I-NP
more RBR I-NP
powerful JJ I-NP
computers NNS I-NP
continue VBP B-VP
to TO I-VP
be VB I-VP
the DT B-NP
focus NN I-NP
of IN B-PP
the DT B-NP
industry NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
Western NNP B-NP
Digital NNP I-NP
is VBZ B-VP
strengthening VBG I-VP
development NN B-NP
of IN B-PP
laptop NN B-NP
parts NNS I-NP
. . O

Next JJ B-NP
year NN I-NP
Western NNP B-NP
Digital NNP I-NP
plans VBZ B-VP
to TO I-VP
consolidate VB I-VP
its PRP$ B-NP
operations NNS I-NP
from IN B-PP
11 CD B-NP
buildings NNS I-NP
in IN B-PP
Irvine NNP B-NP
into IN B-PP
two CD B-NP
buildings NNS I-NP
in IN B-PP
the DT B-NP
same JJ I-NP
city NN I-NP
a DT B-NP
new JJ I-NP
headquarters NN I-NP
and CC O
, , O
a DT B-NP
block NN I-NP
away RB B-ADVP
, , O
a DT B-NP
modern JJ I-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
silicon NN I-NP
wafer NN I-NP
fabrication NN I-NP
plant NN I-NP
. . O

The DT B-NP
plan NN I-NP
will MD B-VP
help VB I-VP
the DT B-NP
company NN I-NP
in IN B-PP
its PRP$ B-NP
existing VBG I-NP
joint JJ I-NP
manufacturing NN I-NP
agreement NN I-NP
with IN B-PP
AT&T NNP B-NP
. . O

About IN B-NP
half NN I-NP
of IN B-PP
Western NNP B-NP
Digital NNP I-NP
's POS B-NP
business NN I-NP
is VBZ B-VP
overseas JJ B-ADVP
, , O
and CC O
Mr. NNP B-NP
Johnson NNP I-NP
expects VBZ B-VP
that DT B-NP
proportion NN I-NP
to TO B-VP
continue VB I-VP
. . O

Plans NNS B-NP
to TO B-VP
dissolve VB I-VP
many NN B-NP
of IN B-PP
the DT B-NP
trade NN I-NP
barriers NNS I-NP
within IN B-PP
Europe NNP B-NP
in IN B-PP
1992 CD B-NP
creates VBZ B-VP
significant JJ B-NP
opportunities NNS I-NP
for IN B-PP
the DT B-NP
company NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
particularly RB B-ADVP
since IN B-SBAR
Western NNP B-NP
Digital NNP I-NP
already RB B-ADVP
manufactures VBZ B-VP
there RB B-ADVP
. . O

Capitalizing VBG B-VP
on IN B-PP
that DT B-NP
presence NN I-NP
, , O
Western NNP B-NP
Digital NNP I-NP
is VBZ B-VP
launching VBG I-VP
a DT B-NP
major JJ I-NP
effort NN I-NP
to TO B-VP
develop VB I-VP
the DT B-NP
embryonic JJ I-NP
reseller JJR I-NP
market NN I-NP
in IN B-PP
Europe NNP B-NP
. . O

Directors NNS B-NP
of IN B-PP
state-owned JJ B-NP
Banca NNP I-NP
Nazionale NNP I-NP
del NNP I-NP
Lavoro NNP I-NP
approved VBD B-VP
a DT B-NP
two-step JJ I-NP
capital-boosting JJ I-NP
transaction NN I-NP
and CC O
a DT B-NP
change NN I-NP
in IN B-PP
the DT B-NP
bank NN I-NP
's POS B-NP
rules NNS I-NP
that WDT B-NP
will MD B-VP
help VB I-VP
it PRP B-NP
operate VB B-VP
more JJR B-ADVP
like IN B-PP
a DT B-NP
private-sector JJ I-NP
institution NN I-NP
. . O

Until IN B-PP
now RB B-ADVP
, , O
BNL NNP B-NP
's POS B-NP
top JJ I-NP
managers NNS I-NP
and CC O
its PRP$ B-NP
directors NNS I-NP
have VBP B-VP
been VBN I-VP
appointed VBN I-VP
by IN B-PP
a DT B-NP
Treasury NNP I-NP
decree NN I-NP
. . O

But CC O
under IN B-PP
the DT B-NP
bank NN I-NP
's POS B-NP
proposed VBN I-NP
statutes NNS I-NP
, , O
an DT B-NP
assembly NN I-NP
of IN B-PP
shareholders NNS B-NP
must MD B-VP
approve VB I-VP
board NN B-NP
members NNS I-NP
. . O

The DT B-NP
bank NN I-NP
's POS B-NP
chairman NN I-NP
and CC I-NP
director NN I-NP
general JJ I-NP
, , O
who WP B-NP
also RB B-ADVP
sit VB B-VP
on IN B-PP
the DT B-NP
board NN I-NP
, , O
still RB B-ADVP
would MD B-VP
be VB I-VP
appointed VBN I-VP
by IN B-PP
the DT B-NP
Treasury NNP I-NP
. . O

BNL NNP B-NP
, , O
which WDT B-NP
is VBZ B-VP
controlled VBN I-VP
by IN B-PP
the DT B-NP
Italian NNP I-NP
Treasury NNP I-NP
, , O
was VBD B-VP
rocked VBN I-VP
by IN B-PP
the DT B-NP
disclosure NN I-NP
last JJ B-NP
month NN I-NP
that IN B-SBAR
its PRP$ B-NP
Atlanta NNP I-NP
branch NN I-NP
extended VBN B-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
3 CD I-NP
billion CD I-NP
in IN B-PP
unauthorized JJ B-NP
credits NNS I-NP
to TO B-PP
Iraq NNP B-NP
. . O

The DT B-NP
ensuing VBG I-NP
scandal NN I-NP
, , O
in IN B-PP
which WDT B-NP
the DT B-NP
bank NN I-NP
's POS B-NP
management NN I-NP
resigned VBD B-VP
, , O
has VBZ B-VP
helped VBN I-VP
renew VB I-VP
calls VBZ B-NP
for IN B-PP
privatization NN B-NP
, , O
or CC O
at IN B-ADVP
least JJS I-ADVP
an DT B-NP
overhaul NN I-NP
, , O
of IN B-PP
Italy NNP B-NP
's POS B-NP
banking NN I-NP
system NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
about IN B-NP
80 CD I-NP
% NN I-NP
state-controlled JJ B-ADJP
. . O

In IN B-PP
a DT B-NP
related VBN I-NP
move NN I-NP
, , O
the DT B-NP
bank NN I-NP
also RB B-ADVP
proposed VBD B-VP
that DT B-SBAR
board NN B-NP
representation NN I-NP
be VB B-VP
linked VBN I-VP
more RBR B-ADVP
closely RB I-ADVP
to TO B-PP
the DT B-NP
bank NN I-NP
's POS B-NP
new JJ I-NP
shareholding NN I-NP
structure NN I-NP
. . O

BNL NNP B-NP
called VBD B-VP
a DT B-NP
shareholders NNS I-NP
' POS B-NP
assembly NN I-NP
meeting NN I-NP
in IN B-PP
December NNP B-NP
to TO B-VP
vote VB I-VP
on IN B-PP
the DT B-NP
proposals NNS I-NP
. . O

BNL NNP B-NP
has VBZ B-VP
about IN B-NP
75,000 CD I-NP
nonvoting JJ I-NP
shares NNS I-NP
that WDT B-NP
are VBP B-VP
listed VBN I-VP
on IN B-PP
the DT B-NP
Milan NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

The DT B-NP
shares NNS I-NP
were VBD B-VP
suspended VBN I-VP
from IN B-PP
trading NN B-NP
following VBG B-PP
disclosure NN B-NP
of IN B-PP
the DT B-NP
Atlanta NNP I-NP
scandal NN I-NP
; : O
Consob NNP B-NP
, , O
the DT B-NP
stock NN I-NP
exchange NN I-NP
regulatory JJ I-NP
body NN I-NP
, , O
reportedly RB B-ADVP
will MD B-VP
decide VB I-VP
soon RB B-ADVP
whether IN B-SBAR
to TO B-VP
end VB I-VP
the DT B-NP
trading NN I-NP
suspension NN I-NP
. . O

Switzerland NNP B-NP
's POS B-NP
wholesale JJ I-NP
price NN I-NP
index NN I-NP
increased VBN B-VP
0.3 CD B-NP
% NN I-NP
in IN B-PP
September NNP B-NP
from IN B-PP
August NNP B-NP
, , O
and CC O
was VBD B-VP
up IN B-PP
3.9 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
marking VBG B-VP
the DT B-NP
first JJ I-NP
time NN I-NP
this DT B-NP
year NN I-NP
that IN B-ADVP
the DT B-NP
index NN I-NP
has VBZ B-VP
fallen VBN I-VP
below IN B-PP
4 CD B-NP
% NN I-NP
on IN B-PP
a DT B-NP
year-to-year JJ I-NP
basis NN I-NP
, , O
the DT B-NP
government NN I-NP
reported VBD B-VP
. . O

The DT B-NP
government NN I-NP
attributed VBD B-VP
the DT B-NP
0.3 CD I-NP
% NN I-NP
month-to-month JJ I-NP
rise NN I-NP
in IN B-PP
the DT B-NP
index NN I-NP
largely RB B-ADVP
to TO B-PP
higher JJR B-NP
energy NN I-NP
prices NNS I-NP
. . O

In IN B-PP
August NNP B-NP
, , O
the DT B-NP
index NN I-NP
was VBD B-VP
up IN B-ADVP
0.2 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
previous JJ I-NP
month NN I-NP
, , O
and CC O
was VBD B-VP
up IN B-ADVP
4.5 CD B-NP
% NN I-NP
on IN B-PP
a DT B-NP
year-to-year JJ I-NP
basis NN I-NP
. . O

The DT B-NP
wholesale JJ I-NP
price NN I-NP
index NN I-NP
, , O
based VBN B-VP
on IN B-PP
1963 CD B-NP
as IN B-PP
100 CD B-NP
, , O
was VBD B-VP
180.9 CD B-NP
in IN B-PP
September NNP B-NP
. . O

American NNP B-NP
Express NNP I-NP
Co. NNP I-NP
posted VBD B-VP
a DT B-NP
21 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
third JJ B-NP
quarter NN I-NP
net JJ I-NP
income NN I-NP
despite IN B-PP
a DT B-NP
sharp JJ I-NP
rise NN I-NP
in IN B-PP
reserves NNS B-NP
for IN B-PP
Third NNP B-NP
World NNP I-NP
loans NNS I-NP
at IN B-PP
its PRP$ B-NP
banking NN I-NP
unit NN I-NP
. . O

Aided VBN B-VP
by IN B-PP
a DT B-NP
sharp JJ I-NP
gain NN I-NP
in IN B-PP
its PRP$ B-NP
travel NN I-NP
business NN I-NP
, , O
American NNP B-NP
Express NNP I-NP
said VBD B-VP
net NN B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
331.8 CD I-NP
million CD I-NP
, , O
or CC O
77 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
273.9 CD I-NP
million CD I-NP
, , O
or CC O
64 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

The DT B-NP
year-earlier JJ I-NP
figures NNS I-NP
included VBD B-VP
$ $ B-NP
9.9 CD I-NP
million CD I-NP
, , O
or CC O
three CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
income NN B-NP
from IN B-PP
discontinued VBN B-NP
operations NNS I-NP
. . O

Income NNP B-NP
from IN B-PP
continuing VBG B-NP
operations NNS I-NP
was VBD B-VP
up IN B-ADVP
26 CD B-NP
% NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
24 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
6.5 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
5.23 CD I-NP
billion CD I-NP
. . O

The DT B-NP
travel NN I-NP
, , I-NP
investment NN I-NP
services NNS I-NP
, , I-NP
insurance NN I-NP
and CC I-NP
banking NN I-NP
concern NN I-NP
added VBD B-VP
$ $ B-NP
110 CD I-NP
million CD I-NP
to TO B-PP
reserves NNS B-NP
for IN B-PP
credit NN B-NP
losses NNS I-NP
at IN B-PP
its PRP$ B-NP
American NNP I-NP
Express NNP I-NP
Bank NNP I-NP
unit NN I-NP
, , O
boosting VBG B-VP
the DT B-NP
reserve NN I-NP
to TO B-PP
$ $ B-NP
507 CD I-NP
million CD I-NP
as IN B-PP
of IN B-PP
Sept. NNP B-NP
30 CD I-NP
. . O

The DT B-NP
bank NN I-NP
's POS B-NP
Third NNP I-NP
World NNP I-NP
debt NN I-NP
portfolio NN I-NP
totals VBZ B-VP
$ $ B-NP
560 CD I-NP
million CD I-NP
, , O
down RB B-ADVP
from IN B-PP
$ $ B-NP
2.2 CD I-NP
billion CD I-NP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
1986 CD B-NP
. . O

The DT B-NP
bank NN I-NP
charged VBN B-VP
off IN B-PRT
$ $ B-NP
53 CD I-NP
million CD I-NP
in IN B-PP
loans NNS B-NP
during IN B-PP
the DT B-NP
quarter NN I-NP
. . O

At IN B-PP
the DT B-NP
American NNP I-NP
Express NNP I-NP
Travel NNP I-NP
Related NNP I-NP
Services NNP I-NP
Co. NNP I-NP
unit NN I-NP
, , O
net NN B-NP
rose VBD B-VP
17 CD B-NP
% NN I-NP
to TO B-PP
a DT B-NP
record NN I-NP
$ $ I-NP
240.8 CD I-NP
million CD I-NP
on IN B-PP
a DT B-NP
19 CD I-NP
% NN I-NP
revenue NN I-NP
increase NN I-NP
. . O

The DT B-NP
figures NNS I-NP
exclude VBP B-VP
businesses NNS B-NP
now RB B-VP
organized VBN I-VP
as IN B-PP
American NNP B-NP
Express NNP I-NP
Information NNP I-NP
Services NNP I-NP
Co NNP I-NP
. . O

American NNP B-NP
Express NNP I-NP
card NN I-NP
charge NN I-NP
volume NN I-NP
rose VBD B-VP
12 CD B-NP
% NN I-NP
. . O

Travel NN B-NP
sales NNS I-NP
rose VBD B-VP
11 CD B-NP
% NN I-NP
, , O
led VBN B-VP
by IN B-PP
gains NNS B-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

At IN B-PP
IDS NNP B-NP
Financial NNP I-NP
Services NNPS I-NP
, , O
the DT B-NP
financial JJ I-NP
planning NN I-NP
and CC I-NP
mutual JJ I-NP
fund NN I-NP
unit NN I-NP
, , O
net NN B-NP
rose VBD B-VP
19 CD B-NP
% NN I-NP
to TO B-PP
a DT B-NP
record NN I-NP
$ $ I-NP
47.6 CD I-NP
million CD I-NP
on IN B-PP
a DT B-NP
33 CD I-NP
% NN I-NP
revenue NN I-NP
gain NN I-NP
. . O

Assets NNS B-NP
owned VBN B-VP
or CC I-VP
managed VBD I-VP
rose VBD B-VP
20 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
45 CD I-NP
billion CD I-NP
, , O
and CC O
mutual JJ B-NP
fund NN I-NP
sales NNS I-NP
rose VBD B-VP
45 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
to TO B-PP
$ $ B-NP
923 CD I-NP
million CD I-NP
. . O

American NNP B-NP
Express NNP I-NP
Bank NNP I-NP
earnings NNS I-NP
fell VBD B-VP
50 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
21.3 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
42.5 CD I-NP
million CD I-NP
despite IN B-PP
a DT B-NP
29 CD I-NP
% NN I-NP
revenue NN I-NP
gain NN I-NP
. . O

The DT B-NP
results NNS I-NP
include VBP B-VP
$ $ B-NP
106 CD I-NP
million CD I-NP
of IN B-PP
tax NN B-NP
benefits NNS I-NP
associated VBN B-VP
with IN B-PP
previous JJ B-NP
years NNS I-NP
' POS B-NP
Third NNP I-NP
World NNP I-NP
loan NN I-NP
activity NN I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
15 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Profit NN B-NP
rose VBD B-VP
38 CD B-NP
% NN I-NP
at IN B-PP
American NNP B-NP
Express NNP I-NP
Information NNP I-NP
Services NNPS I-NP
to TO B-PP
$ $ B-NP
21.6 CD I-NP
million CD I-NP
. . O

Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Holdings NNP I-NP
Inc. NNP I-NP
, , O
as IN O
previously RB B-ADVP
reported VBD B-VP
, , O
had VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
65.9 CD I-NP
million CD I-NP
, , O
reversing VBG B-VP
a DT B-NP
$ $ I-NP
3.5 CD I-NP
million CD I-NP
loss NN I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
; : O
its PRP$ B-NP
latest JJS I-NP
results NNS I-NP
include VBP B-VP
a DT B-NP
$ $ I-NP
37 CD I-NP
million CD I-NP
gain NN I-NP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
an DT B-NP
institutional JJ I-NP
money NN I-NP
management NN I-NP
business NN I-NP
. . O

American NNP B-NP
Express NNP I-NP
's POS B-NP
share NN I-NP
of IN B-PP
Shearson NNP B-NP
's POS B-NP
earnings NNS I-NP
was VBD B-VP
$ $ B-NP
41 CD I-NP
million CD I-NP
, , O
after IN B-PP
preferred JJ B-NP
stock NN I-NP
dividends NNS I-NP
; : O
it PRP B-NP
owns VBZ B-VP
about IN B-NP
68 CD I-NP
% NN I-NP
of IN B-PP
Shearson NNP B-NP
's POS B-NP
common JJ I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
American NNP B-NP
Express NNP I-NP
said VBD B-VP
net NN B-NP
rose VBD B-VP
11 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
899.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.09 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
807.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.89 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
24 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
18.73 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
15.09 CD I-NP
billion CD I-NP
. . O

Textron NNP B-NP
Inc. NNP I-NP
, , O
hampered VBN B-VP
by IN B-PP
a DT B-NP
slowdown NN I-NP
in IN B-PP
its PRP$ B-NP
defense NN I-NP
sales NNS I-NP
, , O
reported VBD B-VP
an DT B-NP
8 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
per-share JJ B-NP
earnings NNS I-NP
on IN B-PP
nearly RB B-NP
flat JJ I-NP
revenue NN I-NP
for IN B-PP
its PRP$ B-NP
third JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
aerospace NN I-NP
and CC I-NP
financial JJ I-NP
services NNS I-NP
concern VBP I-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
fell VBD B-VP
5 NN B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
59.5 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
62.8 CD I-NP
million CD I-NP
. . O

Revenue NN B-NP
of IN B-PP
$ $ B-NP
1.73 CD I-NP
billion CD I-NP
was VBD B-VP
almost RB B-ADJP
unchanged JJ I-ADJP
from IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
$ $ I-NP
1.72 CD I-NP
billion CD I-NP
. . O

Per-share JJ B-NP
net NN I-NP
of IN B-PP
66 CD B-NP
cents NNS I-NP
, , O
down RB B-ADVP
from IN B-PP
72 CD B-NP
cents NNS I-NP
, , O
fell VBN B-VP
by IN B-PP
more JJR B-NP
than IN B-PP
overall JJ B-NP
net NN I-NP
because IN B-PP
of IN I-PP
more JJR B-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
that WDT B-SBAR
improved VBD B-NP
results NNS I-NP
in IN B-PP
its PRP$ B-NP
financial-services NNS I-NP
sector NN I-NP
were VBD B-VP
negated VBN I-VP
by IN B-PP
increased JJ B-NP
costs NNS I-NP
in IN B-PP
its PRP$ B-NP
government NN I-NP
contract NN I-NP
business NN I-NP
, , O
lower JJR B-NP
operating VBG I-NP
earnings NNS I-NP
in IN B-PP
its PRP$ B-NP
commercial-products JJ I-NP
sector NN I-NP
and CC O
soft JJ B-NP
automotive JJ I-NP
markets NNS I-NP
. . O

Net NN B-NP
was VBD B-VP
aided VBN I-VP
by IN B-PP
a DT B-NP
lower JJR I-NP
income NN I-NP
tax NN I-NP
rate NN I-NP
. . O

Profit NN B-NP
before IN B-PP
taxes NNS B-NP
fell VBD B-VP
17 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
84.4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
101.4 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Textron NNP B-NP
reported VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
182.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.06 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
5.41 CD I-NP
billion CD I-NP
. . O

A DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
net NN B-NP
was VBD B-VP
$ $ B-NP
170.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.93 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
5.3 CD I-NP
billion CD I-NP
. . O

The DT B-NP
nine-month JJ I-NP
results NNS I-NP
included VBD B-VP
a DT B-NP
$ $ I-NP
9.5 CD I-NP
million CD I-NP
special JJ I-NP
charge NN I-NP
in IN B-PP
1989 CD B-NP
for IN B-PP
an DT B-NP
arbitration NN I-NP
settlement NN I-NP
related VBN B-VP
to TO B-PP
past JJ B-NP
export NN I-NP
sales NNS I-NP
, , O
and CC O
$ $ B-NP
29.7 CD I-NP
million CD I-NP
in IN B-PP
extraordinary JJ B-NP
charges NNS I-NP
in IN B-PP
1988 CD B-NP
related VBN B-VP
to TO B-PP
a DT B-NP
former JJ I-NP
line NN I-NP
of IN B-PP
business NN B-NP
and CC O
early JJ B-NP
redemption NN I-NP
of IN B-PP
debt NN B-NP
. . O

Textron NNP B-NP
said VBD B-VP
that IN B-SBAR
nine-months NNS B-NP
' POS B-NP
results NNS I-NP
do VBP B-VP
n't RB I-VP
include VB I-VP
earnings NNS B-NP
of IN B-PP
Avdel NNP B-NP
PLC NNP I-NP
, , O
a DT B-NP
British JJ I-NP
maker NN I-NP
of IN B-PP
industrial JJ B-NP
fasteners NNS I-NP
, , O
but CC O
do VBP B-VP
include VB I-VP
interest NN B-NP
costs NNS I-NP
of IN B-PP
$ $ B-NP
16.4 CD I-NP
million CD I-NP
on IN B-PP
borrowings NNS B-NP
related VBN B-VP
to TO B-PP
the DT B-NP
proposed VBN I-NP
purchase NN I-NP
of IN B-PP
Avdel NNP B-NP
. . O

A DT B-NP
federal JJ I-NP
judge NN I-NP
has VBZ B-VP
issued VBN I-VP
a DT B-NP
preliminary JJ I-NP
injunction NN I-NP
against IN B-PP
the DT B-NP
purchase NN I-NP
because IN B-PP
of IN I-PP
Federal NNP B-NP
Trade NNP I-NP
Commission NNP I-NP
concerns NNS I-NP
that IN B-SBAR
the DT B-NP
transaction NN I-NP
would MD B-VP
reduce VB I-VP
competition NN B-NP
in IN B-PP
the DT B-NP
production NN I-NP
of IN B-PP
two CD B-NP
kinds NNS I-NP
of IN B-PP
rivets VBZ B-NP
. . O

For IN B-PP
the DT B-NP
quarter NN I-NP
, , O
Textron NNP B-NP
said VBD B-VP
aerospace NN B-NP
revenue NN I-NP
, , O
including VBG B-PP
Bell NNP B-NP
helicopter NN I-NP
and CC O
jet-engine NN B-NP
manufacture NN I-NP
, , O
declined VBD B-VP
9.8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
755.9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
838.3 CD I-NP
million CD I-NP
, , O
an DT B-NP
indication NN I-NP
of IN B-PP
slowing VBG B-NP
government NN I-NP
defense NN I-NP
work NN I-NP
. . O

As IN B-SBAR
the DT B-NP
Hunt NNP I-NP
brothers NNS I-NP
' POS B-NP
personal JJ I-NP
bankruptcy NN I-NP
cases NNS I-NP
sputter VBP B-VP
into IN B-PP
their PRP$ B-NP
second JJ I-NP
year NN I-NP
, , O
Minpeco NNP B-NP
S.A. NNP I-NP
has VBZ B-VP
proposed VBN I-VP
a DT B-NP
deal NN I-NP
to TO B-VP
settle VB I-VP
its PRP$ B-NP
huge JJ I-NP
claim NN I-NP
against IN B-PP
the DT B-NP
troubled JJ I-NP
Texas NNP I-NP
oil NN I-NP
men NNS I-NP
. . O

But CC O
the DT B-NP
plan NN I-NP
only RB B-ADVP
threatens VBZ B-VP
to TO I-VP
heighten VB I-VP
the DT B-NP
tension NN I-NP
and CC I-NP
confusion NN I-NP
already RB B-VP
surrounding VBG I-VP
the DT B-NP
cases NNS I-NP
that WDT B-NP
were VBD B-VP
filed VBN I-VP
in IN B-PP
September NNP B-NP
1988 CD I-NP
. . O

The DT B-NP
Peruvian JJ I-NP
mineral NN I-NP
concern NN I-NP
's POS B-NP
$ $ B-ADJP
251 CD O
million CD O
claim NN B-NP
stems VBZ B-VP
from IN B-PP
1988 CD B-NP
jury NN I-NP
award NN I-NP
in IN B-PP
a DT B-NP
case NN I-NP
stemming VBG B-VP
from IN B-PP
the DT B-NP
brothers NNS I-NP
' POS B-NP
alleged VBN I-NP
attempts NNS I-NP
to TO B-VP
corner VB I-VP
the DT B-NP
1979-80 CD I-NP
silver NN I-NP
market NN I-NP
. . O

Minpeco NNP B-NP
now RB B-ADVP
says VBZ B-VP
it PRP B-NP
is VBZ B-VP
willing JJ B-ADJP
to TO B-VP
settle VB I-VP
for IN B-PP
up IN B-NP
to TO I-NP
$ $ I-NP
65.7 CD I-NP
million CD I-NP
from IN B-PP
each DT B-NP
brother NN I-NP
, , O
although IN B-SBAR
the DT B-NP
actual JJ I-NP
amount NN I-NP
would MD B-VP
probably RB I-VP
be VB I-VP
much RB B-ADJP
less JJR I-ADJP
. . O

Although IN B-SBAR
the DT B-NP
proposal NN I-NP
must MD B-VP
be VB I-VP
approved VBN I-VP
by IN B-PP
federal JJ B-NP
Judge NNP I-NP
Harold NNP I-NP
C. NNP I-NP
Abramson NNP I-NP
, , O
W. NNP B-NP
Herbert NNP I-NP
Hunt NNP I-NP
has VBZ B-VP
agreed VBN I-VP
to TO B-PP
the DT B-NP
Peruvian JJ I-NP
mineral NN I-NP
concern NN I-NP
's POS B-NP
proposal NN I-NP
. . O

Nelson NNP B-NP
Bunker NNP I-NP
Hunt NNP I-NP
is VBZ B-VP
considering VBG I-VP
it PRP B-NP
, , O
although IN B-SBAR
his PRP$ B-NP
attorney NN I-NP
says VBZ B-VP
he PRP B-NP
wo MD B-VP
n't RB I-VP
do VB I-VP
it PRP B-NP
if IN B-SBAR
the DT B-NP
proposal NN I-NP
jeopardizes VBZ B-VP
a DT B-NP
tentative JJ I-NP
settlement NN I-NP
he PRP B-NP
has VBZ B-VP
reached VBN I-VP
with IN B-PP
the DT B-NP
Internal NNP I-NP
Revenue NNP I-NP
Service NNP I-NP
, , O
which WDT B-NP
claims VBZ B-VP
the DT B-NP
brothers NNS I-NP
owe VBP B-VP
$ $ B-NP
1 CD I-NP
billion CD I-NP
in IN B-PP
back RB B-NP
taxes VBZ I-NP
and CC O
is VBZ B-VP
by IN B-PP
far RB B-ADVP
the DT B-NP
biggest JJS I-NP
creditor NN I-NP
in IN B-PP
both DT B-NP
cases NNS I-NP
. . O

The DT B-NP
tentative JJ I-NP
agreement NN I-NP
between IN B-PP
the DT B-NP
IRS NNP I-NP
and CC O
Nelson NNP B-NP
Bunker NNP I-NP
Hunt NNP I-NP
is VBZ B-VP
awaiting VBG I-VP
U.S. NNP B-NP
Justice NNP I-NP
Department NNP I-NP
approval NN I-NP
. . O

Under IN B-PP
it PRP B-NP
, , O
the DT B-NP
former JJ I-NP
billionaire NN I-NP
's POS B-NP
assets NNS I-NP
would MD B-VP
be VB I-VP
liquidated VBN I-VP
with IN B-PP
the DT B-NP
IRS NNP I-NP
getting VBG B-VP
80 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
proceeds NNS I-NP
and CC O
the DT B-NP
rest NN I-NP
being VBG B-VP
divided VBN I-VP
among IN B-PP
other JJ B-NP
creditors NNS I-NP
, , O
including VBG B-PP
Minpeco NNP B-NP
and CC O
Manufacturers NNP B-NP
Hanover NNP I-NP
Trust NNP I-NP
Co. NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
seeking VBG I-VP
repayment NN B-NP
of IN B-PP
a DT B-NP
$ $ I-NP
36 CD I-NP
million CD I-NP
loan NN I-NP
. . O

A DT B-NP
similiar JJ I-NP
proposal NN I-NP
has VBZ B-VP
been VBN I-VP
made VBN I-VP
in IN B-PP
the DT B-NP
W. NNP I-NP
Herbert NNP I-NP
Hunt NNP I-NP
case NN I-NP
although IN B-SBAR
he PRP B-NP
and CC O
the DT B-NP
IRS NNP I-NP
are VBP B-VP
at IN B-PP
odds NNS B-NP
over IN B-PP
the DT B-NP
size NN I-NP
of IN B-PP
the DT B-NP
non-dischargable JJ I-NP
debt NN I-NP
he PRP B-NP
would MD B-VP
have VB I-VP
to TO I-VP
pay VB I-VP
to TO B-PP
the DT B-NP
government NN I-NP
from IN B-PP
future NN B-NP
earnings NNS I-NP
. . O

In IN B-PP
both DT B-NP
cases NNS I-NP
, , O
Minpeco NNP B-NP
and CC O
Manufacturers NNP B-NP
Hanover NNP I-NP
have VBP B-VP
been VBN I-VP
fighting VBG I-VP
ferociously RB B-ADVP
over IN B-PP
their PRP$ B-NP
shares NNS I-NP
of IN B-PP
the DT B-NP
pie NN I-NP
. . O

With IN B-PP
support NN B-NP
from IN B-PP
the DT B-NP
IRS NNP I-NP
, , O
Manufacturers NNP B-NP
Hanover NNP I-NP
has VBZ B-VP
filed VBN I-VP
suit NN B-NP
asking VBG B-VP
Judge NNP B-NP
Abramson NNP I-NP
to TO B-VP
subordinate VB I-VP
Minpeco NNP B-NP
's POS B-NP
claim NN I-NP
to TO B-PP
those DT B-NP
of IN B-PP
Manufacturer NNP B-NP
Hanover NNP I-NP
and CC O
the DT B-NP
IRS NNP I-NP
. . O

Minpeco NNP B-NP
has VBZ B-VP
threatened VBN I-VP
a DT B-NP
`` `` I-NP
volcano NN I-NP
'' '' O
of IN B-PP
litigation NN B-NP
if IN B-SBAR
the DT B-NP
Manufacturers NNP I-NP
Hanover NNP I-NP
Corp. NNP I-NP
unit NN I-NP
attempts NNS B-VP
to TO I-VP
force VB I-VP
such JJ B-NP
a DT I-NP
plan NN I-NP
through IN B-PP
the DT B-NP
court NN I-NP
. . O

Minpeco NNP B-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
n't RB I-VP
pursue VB I-VP
such JJ B-NP
litigation NN I-NP
if IN B-SBAR
its PRP$ B-NP
settlement NN I-NP
plan NN I-NP
in IN B-PP
the DT B-NP
W. NNP I-NP
Herbert NNP I-NP
Hunt NNP I-NP
case NN I-NP
is VBZ B-VP
approved VBN I-VP
by IN B-PP
Judge NNP B-NP
Abramson NNP I-NP
, , O
who WP B-NP
will MD B-VP
consider VB I-VP
the DT B-NP
proposal NN I-NP
at IN B-PP
a DT B-NP
hearing NN I-NP
next JJ B-NP
week NN I-NP
. . O

Minpeco NNP B-NP
attorney NN I-NP
Thomas NNP I-NP
Gorman NNP I-NP
decribed VBD B-VP
the DT B-NP
plan NN I-NP
as IN B-PP
one CD B-NP
step NN I-NP
toward IN B-PP
an DT B-NP
overall JJ I-NP
settlement NN I-NP
of IN B-PP
the DT B-NP
W. NNP I-NP
Herbert NNP I-NP
Hunt NNP I-NP
case NN I-NP
but CC O
Hugh NNP B-NP
Ray NNP I-NP
, , O
attorney NN B-NP
for IN B-PP
Manufacturers NNP B-NP
Hanover NNP I-NP
, , O
called VBD B-VP
it PRP B-NP
`` `` O
silly JJ B-ADJP
'' '' O
and CC O
said VBD B-VP
he PRP B-NP
would MD B-VP
fight VB I-VP
it PRP B-NP
in IN B-PP
court NN B-NP
. . O

`` `` O
The DT B-NP
thing NN I-NP
is VBZ B-VP
so RB B-ADJP
fluid NN I-ADJP
right RB B-ADVP
now RB I-ADVP
that IN B-SBAR
there EX B-NP
's VBZ B-VP
really RB B-NP
no DT I-NP
way NN I-NP
to TO B-VP
say VB I-VP
what WP B-NP
will MD B-VP
happen VB I-VP
, , O
'' '' O
says VBZ B-VP
Justice NNP B-NP
Department NNP I-NP
attorney NN I-NP
Grover NNP I-NP
Hartt NNP I-NP
III NNP I-NP
, , O
who WP B-NP
represents VBZ B-VP
the DT B-NP
IRS NNP I-NP
in IN B-PP
the DT B-NP
case NN I-NP
. . O

`` `` O
Developments NNPS B-NP
like IN B-PP
this DT B-NP
are VBP B-VP
hard JJ B-ADJP
to TO B-VP
predict VB I-VP
. . O

Banc NNP B-NP
One CD I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
agreed VBD B-VP
in IN B-PP
principle NN B-NP
to TO B-VP
buy VB I-VP
five CD B-NP
branch NN I-NP
offices NNS I-NP
from IN B-PP
Trustcorp NNP B-NP
Inc. NNP I-NP
, , O
Toledo NNP B-NP
, , O
Ohio NNP B-NP
, , O
following VBG B-PP
the DT B-NP
planned VBN I-NP
merger NN I-NP
of IN B-PP
Trustcorp NNP B-NP
into IN B-PP
Society NNP B-NP
Corp. NNP I-NP
, , O
Cleveland NNP B-NP
. . O

The DT B-NP
five CD I-NP
offices NNS I-NP
in IN B-PP
Erie NNP B-NP
and CC I-NP
Ottawa NNP I-NP
counties NNS I-NP
in IN B-PP
northern JJ B-NP
Ohio NNP I-NP
have VBP B-VP
total JJ B-NP
assets NNS I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
88 CD I-NP
million CD I-NP
, , O
Banc NNP B-NP
One CD I-NP
said VBD B-VP
. . O

The DT B-NP
purchase NN I-NP
price NN I-NP
will MD B-VP
be VB I-VP
established VBN I-VP
after IN B-SBAR
Banc NNP B-NP
One CD I-NP
has VBZ B-VP
an DT B-NP
opportunity NN I-NP
to TO B-VP
study VB I-VP
the DT B-NP
quality NN I-NP
of IN B-PP
the DT B-NP
assets NNS I-NP
, , O
Banc NNP B-NP
One CD I-NP
said VBD B-VP
. . O

Society NNP B-NP
Corp. NNP I-NP
already RB B-ADVP
has VBZ B-VP
branches NNS B-NP
in IN B-PP
the DT B-NP
area NN I-NP
, , O
and CC O
selling VBG B-VP
the DT B-NP
Trustcorp NNP I-NP
offices NNS I-NP
could MD B-VP
avoid VB I-VP
a DT B-NP
problem NN I-NP
with IN B-PP
regulators NNS B-NP
over IN B-PP
excessive JJ B-NP
concentration NN I-NP
of IN B-PP
banking NN B-NP
in IN B-PP
the DT B-NP
two CD I-NP
counties NNS I-NP
after IN B-PP
the DT B-NP
merger NN I-NP
of IN B-PP
Trustcorp NNP B-NP
into IN B-PP
Society NNP B-NP
, , O
according VBG B-PP
to TO B-PP
industry NN B-NP
sources NNS I-NP
. . O

The DT B-NP
merger NN I-NP
is VBZ B-VP
scheduled VBN I-VP
to TO I-VP
take VB I-VP
place NN B-NP
in IN B-PP
the DT B-NP
1990 CD I-NP
first JJ I-NP
quarter NN I-NP
. . O

Stock-market NN B-NP
fears NNS I-NP
and CC O
relatively RB B-NP
more RBR I-NP
attractive JJ I-NP
interest NN I-NP
rates NNS I-NP
pushed VBD B-VP
money-market JJ B-NP
mutual JJ I-NP
fund NN I-NP
assets NNS I-NP
up IN B-ADVP
$ $ B-NP
6.07 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
week NN I-NP
, , O
the DT B-NP
sharpest JJS I-NP
increase NN I-NP
in IN B-PP
almost RB B-NP
two CD I-NP
years NNS I-NP
. . O

The DT B-NP
473 CD I-NP
funds NNS I-NP
tracked VBN B-VP
by IN B-PP
the DT B-NP
Investment NNP I-NP
Company NNP I-NP
Institute NNP I-NP
, , O
a DT B-NP
Washington-based JJ I-NP
trade NN I-NP
group NN I-NP
, , O
rose VBD B-VP
to TO B-PP
$ $ B-NP
356.1 CD I-NP
billion CD I-NP
, , O
a DT B-NP
record NN I-NP
. . O

The DT B-NP
$ $ I-NP
6.07 CD I-NP
billion CD I-NP
increase NN I-NP
was VBD B-VP
the DT B-NP
strongest JJS I-NP
weekly JJ I-NP
inflow NN I-NP
since IN B-PP
January NNP B-NP
1988 CD I-NP
. . O

The DT B-NP
increase NN I-NP
was VBD B-VP
spread NN I-VP
fairly RB B-ADVP
evenly RB I-ADVP
among IN B-PP
all DT B-NP
three CD I-NP
types NNS I-NP
of IN B-PP
funds NNS B-NP
. . O

Individual JJ B-NP
investors NNS I-NP
, , O
represented VBN B-VP
in IN B-PP
the DT B-NP
general-purpose JJ I-NP
and CC I-NP
broker-dealer NN I-NP
fund NN I-NP
categories NNS I-NP
, , O
pulled VBD B-VP
money NN B-NP
from IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
after IN B-PP
its PRP$ B-NP
big JJ I-NP
drop NN I-NP
last JJ B-NP
Friday NNP I-NP
and CC O
put VB B-VP
the DT B-NP
money NN I-NP
into IN B-PP
funds NNS B-NP
, , O
said VBD B-VP
Jacob NNP B-NP
Dreyer NNP I-NP
, , O
vice NN B-NP
president NN I-NP
and CC O
chief JJ B-NP
economist NN I-NP
of IN B-PP
the DT B-NP
Institute NNP I-NP
. . O

`` `` O
Insitutional JJ B-NP
investors NNS I-NP
, , O
on IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
reacted VBD B-VP
to TO B-PP
the DT B-NP
steep JJ I-NP
decline NN I-NP
in IN B-PP
yields NNS B-NP
on IN B-PP
direct JJ B-NP
money-market JJ I-NP
instruments NNS I-NP
following VBG B-PP
the DT B-NP
stock-market NN I-NP
decline NN I-NP
last JJ B-NP
Friday NNP I-NP
, , O
'' '' O
Mr. NNP B-NP
Dreyer NNP I-NP
said VBD B-VP
. . O

Yields NNS B-NP
on IN B-PP
money NN B-NP
funds NNS I-NP
dropped VBD B-VP
in IN B-PP
the DT B-NP
week NN I-NP
ended VBN B-VP
Tuesday NNP B-NP
, , O
according VBG B-PP
to TO B-PP
Donoghue NNP B-NP
's POS B-NP
Money NNP I-NP
Fund NNP I-NP
Report NNP I-NP
, , O
a DT B-NP
Holliston NNP I-NP
, , I-NP
Mass. NNP I-NP
, , I-NP
newsletter NN I-NP
. . O

The DT B-NP
average JJ I-NP
seven-day JJ I-NP
compounded VBN I-NP
yield VB I-NP
fell VBD B-VP
to TO B-PP
8.55 CD B-NP
% NN I-NP
from IN B-PP
8.60 CD B-NP
% NN I-NP
the DT B-NP
week NN I-NP
earlier RBR B-ADVP
, , O
Donoghue NNP B-NP
's POS B-NP
said VBD B-VP
. . O

At IN B-PP
the DT B-NP
auction NN I-NP
of IN B-PP
six-month JJ B-NP
U.S. NNP I-NP
Treasury NNP I-NP
bills NNS I-NP
on IN B-PP
Monday NNP B-NP
, , O
the DT B-NP
average JJ I-NP
yield NN I-NP
fell VBD B-VP
to TO B-PP
7.61 CD B-NP
% NN I-NP
from IN B-PP
7.82 CD B-NP
% NN I-NP
. . O

Likewise RB B-ADVP
, , O
certificates NNS B-NP
of IN B-PP
deposit NN B-NP
on IN B-PP
average NN B-ADJP
posted VBD B-VP
lower JJR B-NP
yields NNS I-NP
in IN B-PP
the DT B-NP
week NN I-NP
ended VBN B-VP
Tuesday NNP B-NP
. . O

The DT B-NP
142 CD I-NP
institutional-type JJ I-NP
money NN I-NP
funds NNS I-NP
rose VBD B-VP
$ $ B-NP
2.23 CD I-NP
billion CD I-NP
to TO B-PP
$ $ B-NP
85.49 CD I-NP
billion CD I-NP
. . O

The DT B-NP
235 CD I-NP
general-purpose JJ I-NP
funds NNS I-NP
increased VBN B-VP
$ $ B-NP
2.53 CD I-NP
billion CD I-NP
to TO B-PP
$ $ B-NP
116.56 CD I-NP
billion CD I-NP
, , O
while IN B-SBAR
96 CD B-NP
broker-dealer NN I-NP
funds NNS I-NP
increased VBN B-VP
$ $ B-NP
1.3 CD I-NP
billion CD I-NP
to TO B-PP
$ $ B-NP
154.05 CD I-NP
billion CD I-NP
. . O

Domestic JJ B-NP
lending NN I-NP
for IN B-PP
real JJ B-NP
estate NN I-NP
and CC I-NP
property NN I-NP
development NN I-NP
was VBD B-VP
the DT B-NP
source NN I-NP
of IN B-PP
Bank NNP B-NP
Bumiputra NNP I-NP
Malaysia NNP I-NP
Bhd. NNP I-NP
's POS B-NP
most RBS B-ADJP
recent JJ I-ADJP
spate NN B-NP
of IN B-PP
financial JJ B-NP
troubles NNS I-NP
, , O
the DT B-NP
institution NN I-NP
's POS B-NP
executive JJ I-NP
chairman NN I-NP
, , O
Mohamed NNP B-NP
Basir NNP I-NP
Ismail NNP I-NP
, , O
said VBD B-VP
. . O

Speaking VBG B-VP
to TO B-PP
reporters NNS B-NP
this DT B-NP
week NN I-NP
after IN B-SBAR
Bank NNP B-NP
Bumiputra NNP I-NP
's POS B-NP
shareholders NNS I-NP
approved VBD B-VP
a DT B-NP
rescue NN I-NP
plan NN I-NP
, , O
Tan NNP B-NP
Sri NNP I-NP
Basir NNP I-NP
said VBD B-VP
heavy JJ B-NP
lending NN I-NP
to TO B-PP
the DT B-NP
property NN I-NP
sector NN I-NP
rocked VBD B-VP
the DT B-NP
bank NN I-NP
when WRB B-ADVP
property NN B-NP
prices NNS I-NP
in IN B-PP
Malaysia NNP B-NP
plummeted VBD B-VP
in IN B-PP
1984-85 CD B-NP
. . O

He PRP B-NP
said VBD B-VP
the DT B-NP
bank NN I-NP
could MD B-VP
n't RB I-VP
wait VB I-VP
any RB B-ADVP
longer RB I-ADVP
for IN B-SBAR
prices NNS B-NP
to TO B-VP
recover VB I-VP
and CC O
for IN B-SBAR
borrowers NNS B-NP
to TO B-VP
service VB I-VP
their PRP$ B-NP
loans NNS I-NP
. . O

So RB O
the DT B-NP
bank NN I-NP
's POS B-NP
board NN I-NP
decided VBD B-VP
to TO I-VP
make VB I-VP
1.23 CD B-NP
billion CD I-NP
Malaysian JJ I-NP
dollars NNS I-NP
-LRB- ( O
US$ $ B-NP
457 CD I-NP
million CD I-NP
-RRB- ) O
in IN B-PP
provisions NNS B-NP
for IN B-PP
interest NN B-NP
payments NNS I-NP
from IN B-PP
loans NNS B-NP
previously RB B-VP
recorded VBN I-VP
as IN B-PP
revenue NN B-NP
but CC O
never RB B-VP
actually RB I-VP
received VBN I-VP
by IN B-PP
the DT B-NP
bank NN I-NP
, , O
and CC O
to TO B-VP
submit VB I-VP
a DT B-NP
bailout NN I-NP
package NN I-NP
to TO B-VP
replenish VB I-VP
the DT B-NP
bank NN I-NP
's POS B-NP
paid-up JJ I-NP
capital NN I-NP
. . O

The DT B-NP
predicament NN I-NP
, , O
he PRP B-NP
added VBD B-VP
, , O
was VBD B-VP
similar JJ B-ADJP
to TO B-PP
the DT B-NP
Hong NNP I-NP
Kong NNP I-NP
1982-83 CD I-NP
property-price JJ I-NP
collapse NN I-NP
, , O
which WDT B-NP
exposed VBD B-VP
the DT B-NP
involvement NN I-NP
of IN B-PP
Bank NNP B-NP
Bumiputra NNP I-NP
's POS B-NP
former JJ I-NP
subsidiary NN I-NP
in IN B-PP
the DT B-NP
colony NN I-NP
in IN B-PP
the DT B-NP
largest JJS I-NP
banking NN I-NP
scandal NN I-NP
in IN B-PP
Malaysia NNP B-NP
's POS B-NP
history NN I-NP
. . O

The DT B-NP
subsidiary NN I-NP
, , O
Bumiputra NNP B-NP
Malaysia NNP I-NP
Finance NNP I-NP
Ltd. NNP I-NP
, , O
was VBD B-VP
left VBN I-VP
with IN B-PP
M$ $ B-NP
2.26 CD I-NP
billion CD I-NP
in IN B-PP
bad JJ B-NP
loans NNS I-NP
made VBN B-VP
to TO B-PP
Hong NNP B-NP
Kong NNP I-NP
property NN I-NP
speculators NNS I-NP
. . O

Both DT B-NP
episodes NNS I-NP
wiped VBD B-VP
out IN B-PRT
Bank NNP B-NP
Bumiputra NNP I-NP
's POS B-NP
shareholders NNS I-NP
' POS B-NP
funds NNS I-NP
. . O

Each DT B-NP
time NN I-NP
, , O
the DT B-NP
bank NN I-NP
's POS B-NP
90 CD B-ADJP
% NN I-ADJP
shareholder NN B-NP
-- : O
Petroliam NNP B-NP
Nasional NNP I-NP
Bhd. NNP I-NP
, , O
or CC O
Petronas NNP B-NP
, , O
the DT B-NP
national JJ I-NP
oil NN I-NP
company NN I-NP
-- : O
has VBZ B-VP
been VBN I-VP
called VBN I-VP
upon IN B-PP
to TO B-VP
rescue VB I-VP
the DT B-NP
institution NN I-NP
. . O

In IN B-PP
five CD B-NP
years NNS I-NP
, , O
Petronas NNP B-NP
, , O
which WDT B-NP
became VBD B-VP
the DT B-NP
dominant JJ I-NP
shareholder NN I-NP
in IN B-PP
a DT B-NP
1984 CD I-NP
rescue NN I-NP
exercise NN I-NP
, , O
has VBZ B-VP
spent VBN I-VP
about IN B-NP
M$ $ I-NP
3.5 CD I-NP
billion CD I-NP
to TO B-VP
prop VB I-VP
up IN B-PRT
the DT B-NP
troubled JJ I-NP
bank NN I-NP
. . O

Tan NNP B-NP
Sri NNP I-NP
Basir NNP I-NP
said VBD B-VP
the DT B-NP
capital NN I-NP
restructuring NN I-NP
plan NN I-NP
has VBZ B-VP
been VBN I-VP
approved VBN I-VP
by IN B-PP
Malaysia NNP B-NP
's POS B-NP
Capital NNP I-NP
Issues NNP I-NP
Committee NNP I-NP
and CC I-NP
central JJ I-NP
bank NN I-NP
. . O

Malaysia NNP B-NP
's POS B-NP
High NNP I-NP
Court NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
approve VB I-VP
the DT B-NP
plan NN I-NP
. . O

Once RB O
the DT B-NP
plan NN I-NP
is VBZ B-VP
approved VBN I-VP
, , O
Tan NNP B-NP
Sri NNP I-NP
Basir NNP I-NP
said VBD B-VP
, , O
most RBS B-NP
of IN B-PP
Bank NNP B-NP
Bumiputra NNP I-NP
's POS B-NP
nonperforming JJ I-NP
loans NNS I-NP
will MD B-VP
have VB I-VP
been VBN I-VP
fully RB I-VP
provided VBN I-VP
for IN B-PP
and CC O
the DT B-NP
bank NN I-NP
will MD B-VP
be VB I-VP
on IN B-PP
track NN B-NP
to TO B-VP
report VB I-VP
a DT B-NP
pretax JJ I-NP
profit NN I-NP
of IN B-PP
between IN B-NP
M$ $ I-NP
160 CD I-NP
million CD I-NP
and CC I-NP
M$ $ I-NP
170 CD I-NP
million CD I-NP
for IN B-PP
the DT B-NP
fiscal JJ I-NP
year NN I-NP
ending VBG B-VP
March NNP B-NP
31 CD I-NP
. . O

For IN B-PP
the DT B-NP
previous JJ I-NP
financial JJ I-NP
year NN I-NP
, , O
the DT B-NP
bank NN I-NP
would MD B-VP
have VB I-VP
reported VBN I-VP
a DT B-NP
pretax JJ I-NP
profit NN I-NP
of IN B-PP
M$ $ B-NP
168 CD I-NP
million CD I-NP
if IN B-SBAR
it PRP B-NP
had VBD B-VP
n't RB I-VP
made VBN I-VP
provisions NNS B-NP
for IN B-PP
the DT B-NP
nonperforming JJ I-NP
loans NNS I-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

Malaysia NNP B-NP
's POS B-NP
Banking NNP I-NP
Secrecy NNP I-NP
Act NNP I-NP
prohibited VBD B-VP
the DT B-NP
bank NN I-NP
from IN B-PP
identifying VBG B-VP
delinquent JJ B-NP
borrowers NNS I-NP
, , O
said VBD B-VP
Tan NNP B-NP
Sri NNP I-NP
Basir NNP I-NP
. . O

But CC O
public JJ B-NP
documents NNS I-NP
indicate VBP B-VP
10 CD B-NP
% NN I-NP
or CC I-NP
more JJR I-NP
of IN B-PP
the DT B-NP
bank NN I-NP
's POS B-NP
provisions NNS I-NP
were VBD B-VP
made VBN I-VP
for IN B-PP
foregone JJ B-NP
interest NN I-NP
on IN B-PP
a DT B-NP
M$ $ I-NP
200 CD I-NP
million CD I-NP
loan NN I-NP
to TO B-PP
Malaysia NNP B-NP
's POS B-NP
dominant JJ I-NP
political JJ I-NP
party NN I-NP
, , O
the DT B-NP
United NNP I-NP
Malays NNP I-NP
National NNP I-NP
Organization NNP I-NP
, , O
to TO B-VP
build VB I-VP
its PRP$ B-NP
convention NN I-NP
and CC I-NP
headquarters NN I-NP
complex JJ I-NP
in IN B-PP
Kuala NNP B-NP
Lumpur NNP I-NP
. . O

The DT B-NP
loan NN I-NP
to TO B-PP
UMNO NNP B-NP
was VBD B-VP
made VBN I-VP
in IN B-PP
September NNP B-NP
1983 CD I-NP
. . O

`` `` O
We PRP B-NP
lent VBD B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
money NN B-NP
all DT B-NP
over IN B-PP
the DT B-NP
place NN I-NP
, , O
'' '' O
said VBD B-VP
Tan NNP B-NP
Sri NNP I-NP
Basir NNP I-NP
, , O
who WP B-NP
refused VBD B-VP
to TO I-VP
discuss VB I-VP
the DT B-NP
bank NN I-NP
's POS B-NP
outstanding JJ I-NP
loans NNS I-NP
to TO O

As RB B-PP
well RB I-PP
as IN I-PP
the DT B-NP
M$ $ I-NP
1.23 CD I-NP
billion CD I-NP
in IN B-PP
provisions NNS B-NP
announced VBD B-VP
on IN B-PP
Oct. NNP B-NP
6 CD I-NP
, , O
the DT B-NP
restructuring NN I-NP
package NN I-NP
covers VBZ B-VP
an DT B-NP
additional JJ I-NP
M$ $ I-NP
450 CD I-NP
million CD I-NP
in IN B-PP
provisions NNS B-NP
made VBN B-VP
in IN B-PP
earlier JJR B-NP
years NNS I-NP
but CC O
never RB B-VP
reflected VBD I-VP
in IN B-PP
a DT B-NP
reduction NN I-NP
of IN B-PP
the DT B-NP
bank NN I-NP
's POS B-NP
paid-up JJ I-NP
capital NN I-NP
. . O

At IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
exercise NN I-NP
, , O
the DT B-NP
cash NN I-NP
injection NN I-NP
from IN B-PP
Petronas NNP B-NP
will MD B-VP
increase VB I-VP
the DT B-NP
bank NN I-NP
's POS B-NP
paid-up JJ I-NP
capital NN I-NP
to TO B-PP
M$ $ B-NP
1.15 CD I-NP
billion CD I-NP
after IN B-PP
virtually RB B-ADVP
being VBG B-VP
wiped VBN I-VP
out IN B-PRT
by IN B-PP
the DT B-NP
new JJ I-NP
provisions NNS I-NP
. . O

Heidi NNP B-NP
Ehman NNP I-NP
might MD B-VP
have VB I-VP
stepped VBN I-VP
from IN B-PP
a DT B-NP
recruiting VBG I-NP
poster NN I-NP
for IN B-PP
young JJ B-NP
Republicans NNPS I-NP
. . O

White NNP B-ADJP
, , O
24 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
a DT B-NP
singer NN I-NP
in IN B-PP
her PRP$ B-NP
church NN I-NP
choir NN I-NP
, , O
she PRP B-NP
symbolizes VBZ B-VP
a DT B-NP
generation NN I-NP
that WDT B-NP
gave VBD B-VP
its PRP$ B-NP
heart NN I-NP
and CC O
its PRP$ B-NP
vote NN I-NP
to TO B-PP
Ronald NNP B-NP
Reagan NNP I-NP
. . O

`` `` O
I PRP B-NP
felt VBD B-VP
kind NN B-ADJP
of IN I-ADJP
safe JJ I-ADJP
, , O
'' '' O
she PRP B-NP
says VBZ B-VP
. . O

No RB B-ADVP
longer RB I-ADVP
. . O

When WRB B-ADVP
the DT B-NP
Supreme NNP I-NP
Court NNP I-NP
opened VBD B-VP
the DT B-NP
door NN I-NP
this DT B-NP
year NN I-NP
to TO B-PP
new JJ B-NP
restrictions NNS I-NP
on IN B-PP
abortion NN B-NP
, , O
Ms. NNP B-NP
Ehman NNP I-NP
opened VBD B-VP
her PRP$ B-NP
mind NN I-NP
to TO B-PP
Democratic JJ B-NP
politics NNS I-NP
. . O

Then RB B-ADVP
a DT B-NP
political JJ I-NP
novice NN I-NP
, , O
she PRP B-NP
stepped VBD B-VP
into IN B-PP
a DT B-NP
whirl NN I-NP
of IN B-PP
`` `` B-NP
pro-choice JJ I-NP
'' '' I-NP
marches NNS I-NP
, , O
house NN B-NP
parties NNS I-NP
and CC O
fund-raisers NNS B-NP
. . O

Now RB B-ADVP
she PRP B-NP
leads VBZ B-VP
a DT B-NP
grassroots NNS I-NP
abortion-rights NNS I-NP
campaign NN I-NP
in IN B-PP
Passaic NNP B-NP
County NNP I-NP
for IN B-PP
pro-choice JJ B-NP
Democratic JJ I-NP
gubernatorial JJ I-NP
candidate NN I-NP
James NNP I-NP
Florio NNP I-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
one CD B-NP
where WRB B-ADVP
I PRP B-NP
cross VBP B-VP
party NN B-NP
lines NNS I-NP
, , O
'' '' O
she PRP B-NP
says VBZ B-VP
, , O
rejecting VBG B-VP
the DT B-NP
anti-abortion JJ I-NP
stance NN I-NP
of IN B-PP
Rep. NNP B-NP
Florio NNP I-NP
's POS B-NP
opponent NN I-NP
, , O
Reagan-Republican JJ B-NP
Rep. NNP I-NP
James NNP I-NP
Courter NNP I-NP
. . O

`` `` O
People NNS B-NP
my PRP$ B-NP
age NN I-NP
thought VBD B-VP
it PRP B-NP
was VBD B-VP
n't RB I-VP
going VBG I-VP
to TO I-VP
be VB I-VP
an DT B-NP
issue NN I-NP
. . O

Now RB B-ADVP
it PRP B-NP
has VBZ B-VP
-- : O
especially RB B-ADVP
for IN B-PP
people NNS B-NP
my PRP$ B-NP
age NN I-NP
. . O
'' '' O

Polls NNS B-NP
bear VBP B-VP
out RP B-PRT
this DT B-NP
warning NN I-NP
, , O
but CC O
after IN B-PP
a DT B-NP
decade NN I-NP
of IN B-PP
increased VBN B-NP
Republican NNP I-NP
influence NN I-NP
here RB B-ADVP
, , O
the DT B-NP
new JJ I-NP
politics NNS I-NP
of IN B-PP
abortion NN B-NP
have VBP B-VP
contributed VBN I-VP
to TO B-PP
a DT B-NP
world NN I-NP
turned VBD B-VP
upside RB B-ADVP
down RB I-ADVP
for IN B-PP
Mr. NNP B-NP
Courter NNP I-NP
. . O

Unless IN B-SBAR
he PRP B-NP
closes VBZ B-VP
the DT B-NP
gap NN I-NP
, , O
Republicans NNPS B-NP
risk NN B-VP
losing VBG I-VP
not RB B-CONJP
only RB I-CONJP
the DT B-NP
governorship NN I-NP
but CC B-CONJP
also RB I-CONJP
the DT B-NP
assembly NN I-NP
next JJ B-NP
month NN I-NP
. . O

Going VBG B-VP
into IN B-PP
the DT B-NP
1990s CD I-NP
, , O
the DT B-NP
GOP NNP I-NP
is VBZ B-VP
paying VBG I-VP
a DT B-NP
price NN I-NP
for IN B-PP
the DT B-NP
same JJ I-NP
conservative JJ I-NP
social JJ I-NP
agenda NN I-NP
that IN B-NP
it PRP B-NP
used VBD B-VP
to TO B-VP
torment VB I-VP
Democrats NNPS B-NP
in IN B-PP
the DT B-NP
past NN I-NP
. . O

This DT B-NP
change NN I-NP
comes VBZ B-VP
less JJR B-ADVP
from IN B-PP
a DT B-NP
shift NN I-NP
in IN B-PP
public JJ B-NP
opinion NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
n't RB I-VP
changed VBN I-VP
much JJ B-ADVP
on IN B-PP
abortion NN B-NP
over IN B-PP
the DT B-NP
past JJ I-NP
decade NN I-NP
, , O
than IN B-PP
in IN B-PP
the DT B-NP
boundaries NNS I-NP
of IN B-PP
the DT B-NP
debate NN I-NP
. . O

New NNP B-NP
Jersey NNP I-NP
's POS B-NP
own JJ I-NP
highest JJS I-NP
court NN I-NP
remains VBZ B-VP
a DT B-NP
liberal JJ I-NP
bulwark NN I-NP
against IN B-PP
major JJ B-NP
restrictions NNS I-NP
on IN B-PP
abortion NN B-NP
, , O
but CC O
the DT B-NP
U.S. NNP I-NP
Supreme NNP I-NP
Court NNP I-NP
ruling NN I-NP
, , O
Webster NNP B-NP
vs. IN I-NP
Missouri NNP I-NP
, , O
has VBZ B-VP
engaged VBN I-VP
voters NNS B-NP
across IN B-PP
the DT B-NP
nation NN I-NP
who WP B-NP
had VBD B-VP
been VBN I-VP
insulated VBN I-VP
from IN B-PP
the DT B-NP
issue NN I-NP
. . O

Before IN B-PP
July NNP B-NP
, , O
pro-choice JJ B-NP
voters NNS I-NP
could MD B-VP
safely RB I-VP
make VB I-VP
political JJ B-NP
decisions NNS I-NP
without IN B-PP
focusing VBG B-VP
narrowly RB B-ADVP
on IN B-PP
abortion NN B-NP
. . O

Now RB B-ADVP
, , O
the DT B-NP
threat NN I-NP
of IN B-PP
further JJ B-NP
restrictions NNS I-NP
adds VBZ B-VP
a DT B-NP
new JJ I-NP
dimension NN I-NP
, , O
bringing VBG B-VP
an DT B-NP
upsurge NN I-NP
in IN B-PP
political JJ B-NP
activity NN I-NP
by IN B-PP
abortion-rights NNS B-NP
forces NNS I-NP
. . O

A DT B-NP
recent JJ I-NP
pro-choice JJ I-NP
rally NN I-NP
in IN B-PP
Trenton NNP B-NP
drew VBD B-VP
thousands NNS B-NP
, , O
and CC O
in IN B-PP
a DT B-NP
major JJ I-NP
reversal NN I-NP
, , O
Congress NNP B-NP
is VBZ B-VP
defying VBG I-VP
a DT B-NP
presidential JJ I-NP
veto NN I-NP
and CC O
demanding VBG B-VP
that IN B-SBAR
Medicaid NNP B-NP
abortions NNS I-NP
be VBP B-VP
permitted VBN I-VP
in IN B-PP
cases NNS B-NP
of IN B-PP
rape NN B-NP
and CC I-NP
incest NN I-NP
. . O

`` `` O
If IN B-SBAR
Webster NNP B-NP
had VBD B-VP
n't RB I-VP
happened VBN I-VP
, , O
you PRP B-NP
would MD B-VP
n't RB I-VP
be VB I-VP
here RB B-ADVP
, , O
'' '' O
Linda NNP B-NP
Bowker NNP I-NP
tells VBZ B-VP
a DT B-NP
reporter NN I-NP
in IN B-PP
the DT B-NP
Trenton NNP I-NP
office NN I-NP
of IN B-PP
the DT B-NP
National NNP I-NP
Organization NNP I-NP
for IN B-PP
Women NNP B-NP
. . O

`` `` O
We PRP B-NP
could MD B-VP
have VB I-VP
shouted VBN I-VP
from IN B-PP
the DT B-NP
rooftops NNS I-NP
about IN B-PP
Courter NNP B-NP
... : O
and CC O
no DT B-NP
one PRP I-NP
would MD B-VP
have VB I-VP
heard VBN I-VP
us PRP B-NP
. . O
'' '' O

New NNP B-NP
Jersey NNP I-NP
is VBZ B-VP
a DT B-NP
proving VBG I-NP
ground NN I-NP
for IN B-PP
this DT B-NP
aggressive JJ I-NP
women's-rights JJ I-NP
movement NN I-NP
this DT B-NP
year NN I-NP
. . O

The DT B-NP
infusion NN I-NP
of IN B-PP
activists NNS B-NP
can MD B-VP
bring VB I-VP
a DT B-NP
clash NN I-NP
of IN B-PP
cultures NNS B-NP
. . O

In IN B-PP
Cherry NNP B-NP
Hill NNP I-NP
, , O
the DT B-NP
National NNP I-NP
Abortion NNP I-NP
Rights NNP I-NP
Action NNP I-NP
League NNP I-NP
, , O
whose WP$ B-NP
goal NN I-NP
is VBZ B-VP
to TO B-VP
sign VB I-VP
up IN B-PRT
50,000 CD B-NP
pro-choice JJ I-NP
voters NNS I-NP
, , O
targets VBZ B-VP
a DT B-NP
union NN I-NP
breakfast NN I-NP
to TO B-VP
build VB I-VP
labor NN B-NP
support NN I-NP
for IN B-PP
its PRP$ B-NP
cause NN I-NP
. . O

The DT B-NP
league NN I-NP
organizers NNS I-NP
seem VBP B-VP
more JJR B-ADVP
a DT B-NP
fit NN I-NP
with IN B-PP
a DT B-NP
convention NN I-NP
next JJ B-ADVP
door NN I-ADVP
of IN B-PP
young JJ B-NP
aerobics NN I-NP
instructors NNS I-NP
in IN B-PP
leotards NNS B-NP
than IN B-PP
the DT B-NP
beefy JJ I-NP
union NN I-NP
leaders NNS I-NP
; : O
`` `` O
I PRP B-NP
wish VBP B-VP
I PRP B-NP
could MD B-VP
go VB I-VP
work NN I-VP
out IN B-PRT
, , O
'' '' O
says VBZ B-VP
a DT B-NP
slim JJ I-NP
activist NN I-NP
. . O

A DT B-NP
labor NN I-NP
chief NN I-NP
speaks VBZ B-VP
sardonically RB B-ADVP
of IN B-PP
having VBG B-VP
to TO I-VP
`` `` I-VP
man NN I-VP
and CC I-VP
woman NN I-VP
'' '' O
Election NNP B-NP
Day NNP I-NP
phones NNS I-NP
. . O

No DT B-NP
age NN I-NP
group NN I-NP
is VBZ B-VP
more RBR B-ADJP
sensitive JJ I-ADJP
than IN B-PP
younger JJR B-NP
voters NNS I-NP
, , O
like IN B-PP
Ms. NNP B-NP
Ehman NNP I-NP
. . O

A DT B-NP
year NN I-NP
ago RB B-ADVP
this DT B-NP
fall NN I-NP
, , O
New NNP B-NP
Jersey NNP I-NP
voters NNS I-NP
under IN B-PP
30 CD B-NP
favored VBN B-VP
George NNP B-NP
Bush NNP I-NP
by IN B-PP
56 CD B-NP
% NN I-NP
to TO I-NP
39 CD I-NP
% NN I-NP
over IN B-PP
Michael NNP B-NP
Dukakis NNP I-NP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
survey NN I-NP
then RB B-ADVP
by IN B-PP
Rutgers NNP B-NP
University NNP I-NP
's POS B-NP
Eagleton NNP I-NP
Institute NNP I-NP
. . O

A DT B-NP
matching VBG I-NP
Eagleton-Newark NNP I-NP
Star NNP I-NP
Ledger NNP I-NP
poll NN I-NP
last JJ B-NP
month NN I-NP
showed VBD B-VP
a DT B-NP
complete JJ I-NP
reversal NN I-NP
. . O

Voters NNS B-NP
in IN B-PP
the DT B-NP
same JJ I-NP
age NN I-NP
group NN I-NP
backed VBN B-VP
Democrat NNP B-NP
Florio NNP I-NP
55 NN B-NP
% NN I-NP
to TO I-NP
29 CD I-NP
% NN I-NP
over IN B-PP
Republican NNP B-NP
Courter NNP I-NP
. . O

Abortion NNP B-NP
alone RB B-ADVP
ca MD B-VP
n't RB I-VP
explain VB I-VP
this DT B-NP
shift NN I-NP
, , O
but CC O
New NNP B-NP
Jersey NNP I-NP
is VBZ B-VP
a DT B-NP
model NN I-NP
of IN B-PP
how WRB B-ADVP
so RB B-NP
personal JJ I-NP
an DT I-NP
issue NN I-NP
can MD B-VP
become VB I-VP
a DT B-NP
baseline NN I-NP
of IN B-PP
sorts NNS B-NP
in IN B-PP
judging VBG B-VP
a DT B-NP
candidate NN I-NP
. . O

By IN B-PP
a DT B-NP
2-to-1 JJ I-NP
ratio NN I-NP
, , O
voters NNS B-NP
appear VBP B-VP
more JJR B-ADVP
at IN B-PP
ease NN B-NP
with IN B-PP
Mr. NNP B-NP
Florio NNP I-NP
's POS B-NP
stance NN I-NP
on IN B-PP
abortion NN B-NP
, , O
and CC O
polls NNS B-NP
indicate VBP B-VP
his PRP$ B-NP
lead NN I-NP
widens VBZ B-VP
when WRB B-ADVP
the DT B-NP
candidates NNS I-NP
are VBP B-VP
specifically RB I-VP
linked VBN I-VP
to TO B-PP
the DT B-NP
issue NN I-NP
. . O

`` `` O
The DT B-NP
times NNS I-NP
are VBP B-VP
my PRP$ B-NP
times NNS I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Florio NNP I-NP
. . O

The DT B-NP
Camden NNP I-NP
County NNP I-NP
congressman NN I-NP
still RB B-ADVP
carries VBZ B-VP
himself PRP B-NP
with IN B-PP
a DT B-NP
trademark NN I-NP
`` `` I-NP
I'm-coming-down-your-throat JJ I-NP
'' '' I-NP
intensity NN I-NP
, , O
but CC O
at IN B-PP
a DT B-NP
pause NN I-NP
in IN B-PP
Newark NNP B-NP
's POS B-NP
Columbus NNP I-NP
Day NNP I-NP
parade NN I-NP
recently RB B-ADVP
, , O
he PRP B-NP
was VBD B-VP
dancing VBG I-VP
with IN B-PP
his PRP$ B-NP
wife NN I-NP
in IN B-PP
the DT B-NP
middle NN I-NP
of IN B-PP
the DT B-NP
avenue NN I-NP
in IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
old JJ I-NP
Italian-American JJ I-NP
ward NN I-NP
. . O

After IN B-PP
losing VBG B-VP
by IN B-PP
fewer JJR B-NP
than IN I-NP
1,800 CD I-NP
votes NNS I-NP
in IN B-PP
the DT O
1981 CD O
governor NN B-NP
's POS B-NP
race NN I-NP
, , O
he PRP B-NP
has VBZ B-VP
prepared VBN I-VP
himself PRP B-NP
methodically RB B-ADVP
for IN B-PP
this DT B-NP
moment NN I-NP
, , O
including VBG B-PP
deciding VBG B-VP
in IN B-PP
recent JJ B-NP
years NNS I-NP
he PRP B-NP
could MD B-VP
no RB I-VP
longer RB I-VP
support VB I-VP
curbs NNS B-NP
on IN B-PP
federal JJ B-NP
funding NN I-NP
for IN B-PP
Medicaid NNP B-NP
abortions NNS I-NP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
consistent JJ B-ADJP
and CC O
say VBP B-VP
it PRP B-NP
is VBZ B-VP
a DT B-NP
constitutionally RB I-NP
protected VBN I-NP
right NN I-NP
, , O
'' '' O
he PRP B-NP
asks VBZ B-VP
, , O
`` `` O
how WRB B-ADVP
are VBP O
you PRP B-NP
going VBG B-VP
to TO I-VP
say VB I-VP
an DT B-NP
upscale JJ I-NP
woman NN I-NP
who WP B-NP
can MD B-VP
drive VB I-VP
to TO B-PP
the DT B-NP
hospital NN I-NP
or CC I-NP
clinic NN I-NP
in IN B-PP
a DT B-NP
nice JJ I-NP
car NN I-NP
has VBZ B-VP
a DT B-NP
constitutional JJ I-NP
right NN I-NP
and CC O
someone NN B-NP
who WP B-NP
is VBZ B-VP
not RB O
in IN B-PP
great JJ B-NP
shape NN I-NP
financially RB B-ADVP
does VBZ B-VP
not RB O
? . O
'' '' O

Mr. NNP B-NP
Courter NNP I-NP
, , O
by IN B-PP
comparison NN B-NP
, , O
seems VBZ B-VP
a DT B-NP
shadow NN I-NP
of IN B-PP
the DT B-NP
confident JJ I-NP
hawk NN I-NP
who WP B-NP
defended VBD B-VP
Oliver NNP B-NP
North NNP I-NP
before IN B-PP
national JJ B-NP
cameras NNS I-NP
at IN B-PP
Iran-Contra NNP B-NP
hearings NNS I-NP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O

Looking VBG B-VP
back RB B-ADVP
, , O
he PRP B-NP
says VBZ B-VP
he PRP B-NP
erred VBN B-VP
by IN B-PP
stating VBG B-VP
his PRP$ B-NP
`` `` I-NP
personal JJ I-NP
'' '' I-NP
opposition NN I-NP
to TO B-PP
abortion NN B-NP
instead RB B-CONJP
of IN I-CONJP
assuring VBG B-VP
voters NNS B-NP
that IN B-SBAR
he PRP B-NP
would MD B-VP
n't RB I-VP
impose VB I-VP
his PRP$ B-NP
views NNS I-NP
on IN B-PP
`` `` O
policy NN B-NP
'' '' O
as IN B-PP
governor NN B-NP
. . O

It PRP B-NP
is VBZ B-VP
a DT B-NP
distinction NN I-NP
that WDT B-NP
satisfies VBZ B-VP
neither DT B-NP
side NN I-NP
in IN B-PP
the DT B-NP
debate NN I-NP
. . O

`` `` O
He PRP B-NP
does VBZ B-VP
n't RB I-VP
know VB I-VP
himself PRP B-NP
, , O
'' '' O
Kathy NNP B-NP
Stanwick NNP I-NP
of IN B-PP
the DT B-NP
Abortion NNP I-NP
Rights NNP I-NP
League NNP I-NP
says NNS B-VP
of IN B-PP
Mr. NNP B-NP
Courter NNP I-NP
's POS B-NP
position NN I-NP
. . O

Even JJ B-NP
abortion NN I-NP
opponents NNS I-NP
, , O
however RB B-ADJP
angry JJ I-ADJP
with IN B-PP
Mr. NNP B-NP
Florio NNP I-NP
, , O
ca MD B-VP
n't RB I-VP
hide VB I-VP
their PRP$ B-NP
frustration NN I-NP
with IN B-PP
the DT B-NP
Republican NNP I-NP
's POS B-NP
ambivalence NN I-NP
. . O

`` `` O
He PRP B-NP
does VBZ B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
lead VB I-VP
the DT B-NP
people NNS I-NP
, , O
'' '' O
says VBZ B-VP
Richard NNP B-NP
Traynor NNP I-NP
, , O
president NN B-NP
of IN B-PP
New NNP B-NP
Jersey NNP I-NP
Right NNP I-NP
to TO B-PP
Life NNP B-NP
. . O

Moreover RB B-ADVP
, , O
by IN B-PP
stepping VBG B-VP
outside IN B-PP
the DT B-NP
state NN I-NP
's POS B-NP
pro-choice JJ I-NP
tradition NN I-NP
, , O
Mr. NNP B-NP
Courter NNP I-NP
aggravates VBZ B-VP
fears NNS B-NP
that IN B-SBAR
he PRP B-NP
is VBZ B-VP
too RB B-ADJP
conservative JJ I-ADJP
as IN B-ADVP
well RB I-ADVP
on IN B-PP
more JJR B-NP
pressing VBG I-NP
concerns NNS I-NP
such JJ B-PP
as IN I-PP
auto NN B-NP
insurance NN I-NP
rates NNS I-NP
and CC O
the DT B-NP
environment NN I-NP
. . O

He PRP B-NP
hurt VBD B-VP
himself PRP B-NP
further VB B-ADVP
this DT B-NP
summer NN I-NP
by IN B-PP
bringing VBG B-VP
homosexual JJ B-NP
issues NNS I-NP
into IN B-PP
the DT B-NP
debate NN I-NP
; : O
and CC O
by IN B-PP
wavering VBG B-VP
on IN B-PP
this DT B-NP
issue NN I-NP
and CC O
abortion NN B-NP
, , O
he PRP B-NP
has VBZ B-VP
weakened VBN I-VP
his PRP$ B-NP
credibility NN I-NP
in IN B-PP
what WP B-NP
is VBZ B-VP
already RB B-ADVP
a DT B-NP
mean-spirited JJ I-NP
campaign NN I-NP
on IN B-PP
both DT B-NP
sides NNS I-NP
. . O

Elected VBN B-VP
to TO B-PP
Congress NNP B-NP
in IN B-PP
1978 CD B-NP
, , O
the DT B-NP
48-year-old NNP I-NP
Mr. NNP I-NP
Courter NNP I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
a DT B-NP
generation NN I-NP
of IN B-PP
young JJ B-NP
conservatives NNS I-NP
who WP B-NP
were VBD B-VP
once RB B-ADVP
very RB B-ADVP
much RB I-ADVP
in IN B-PP
the DT B-NP
lead NN I-NP
of IN B-PP
the DT B-NP
rightward JJ I-NP
shift NN I-NP
under IN B-PP
Mr. NNP B-NP
Reagan NNP I-NP
. . O

Like IN B-PP
many NN B-NP
of IN B-PP
his PRP$ B-NP
colleagues NNS I-NP
, , O
he PRP B-NP
did VBD B-VP
n't RB I-VP
serve VB I-VP
in IN B-PP
Vietnam NNP B-NP
in IN B-PP
the DT B-NP
1960s CD I-NP
yet RB O
embraced VBN B-VP
a DT B-NP
hawkish JJ I-NP
defense NN I-NP
and CC I-NP
foreign JJ I-NP
policy NN I-NP
-- : O
even JJ B-ADVP
voting NN B-VP
against IN B-PP
a DT B-NP
1984 CD I-NP
resolution NN I-NP
critical JJ B-ADJP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
mining NN I-NP
of IN B-PP
Nicaraguan JJ B-NP
harbors NNS I-NP
. . O

Jack NNP B-NP
Kemp NNP I-NP
and CC O
the DT B-NP
writers NNS I-NP
Irving NNP I-NP
Kristol NNP I-NP
and CC I-NP
George NNP I-NP
Gilder NNP I-NP
were VBD B-VP
influences NNS B-NP
, , O
and CC O
Mr. NNP B-NP
Courter NNP I-NP
's POS B-NP
own JJ I-NP
conservative JJ I-NP
credentials NNS I-NP
proved VBD B-VP
useful JJ B-ADJP
to TO B-PP
the DT B-NP
current JJ I-NP
New NNP I-NP
Jersey NNP I-NP
GOP NNP I-NP
governor NN I-NP
, , O
Thomas NNP B-NP
Kean NNP I-NP
, , O
in IN B-PP
the DT B-NP
1981 CD I-NP
Republican NNP I-NP
primary JJ I-NP
here RB I-NP
. . O

The DT B-NP
same JJ I-NP
partnership NN I-NP
is VBZ B-VP
now RB B-ADVP
crucial JJ B-ADJP
to TO B-PP
Mr. NNP B-NP
Courter NNP I-NP
's POS B-NP
fortunes NNS I-NP
, , O
but CC O
the DT B-NP
abortion NN I-NP
issue NN I-NP
is VBZ B-VP
only RB B-NP
a DT I-NP
reminder NN I-NP
of IN B-PP
the DT B-NP
gap NN I-NP
between IN B-PP
his PRP$ B-NP
record NN I-NP
and CC O
that IN B-NP
of IN B-PP
the DT B-NP
more RBR B-NP
moderate JJ I-NP
, , I-NP
pro-choice JJ I-NP
Gov. NNP I-NP
Kean NNP I-NP
. . O

While IN B-SBAR
the DT B-NP
Warren NNP I-NP
County NNP I-NP
congressman NN I-NP
pursued VBD B-VP
an DT B-NP
anti-government NN I-NP
, , I-NP
anti-tax JJ I-NP
agenda NN I-NP
in IN B-PP
Washington NNP B-NP
, , O
Gov. NNP B-NP
Kean NNP I-NP
was VBD B-VP
approving VBG I-VP
increased VBN B-NP
income NN I-NP
and CC I-NP
sales NNS I-NP
taxes NNS I-NP
at IN B-PP
home NN B-NP
and CC O
overseeing VBG B-VP
a DT B-NP
near IN I-NP
doubling VBG I-NP
in IN B-PP
the DT B-NP
size NN I-NP
of IN B-PP
New NNP B-NP
Jersey NNP I-NP
's POS B-NP
budget NN I-NP
in IN B-PP
his PRP$ B-NP
eight CD I-NP
years NNS I-NP
in IN B-PP
office NN B-NP
. . O

Kean NNP B-NP
forces NNS I-NP
play VBP B-VP
down RP B-PRT
any DT B-NP
differences NNS I-NP
with IN B-PP
Mr. NNP B-NP
Courter NNP I-NP
, , O
but CC O
this DT B-NP
history NN I-NP
makes VBZ B-VP
it PRP B-NP
harder JJR B-ADJP
for IN B-SBAR
the DT B-NP
conservative JJ I-NP
to TO B-VP
run VB I-VP
against IN B-PP
government NN B-NP
. . O

Mr. NNP B-NP
Courter NNP I-NP
's POS B-NP
free-market JJ I-NP
plan NN I-NP
to TO B-VP
bring VB I-VP
down JJ B-ADVP
auto NN B-NP
insurance NN I-NP
rates NNS I-NP
met VBD B-VP
criticism NN B-NP
from IN B-PP
Gov. NNP B-NP
Kean NNP I-NP
's POS B-NP
own JJ I-NP
insurance NN I-NP
commissioner NN I-NP
. . O

Mr. NNP B-NP
Courter NNP I-NP
is VBZ B-VP
further RB B-ADJP
hobbled VBN I-ADJP
by IN B-PP
a DT B-NP
record NN I-NP
of IN B-PP
votes NNS B-NP
opposed VBN B-VP
to TO B-PP
government NN B-NP
regulation NN I-NP
on IN B-PP
behalf NN B-NP
of IN B-PP
consumers NNS B-NP
. . O

Fluent JJ B-ADJP
in IN B-PP
Spanish JJ B-NP
from IN B-PP
his PRP$ B-NP
days NNS I-NP
in IN B-PP
the DT B-NP
Peace NNP I-NP
Corps NNP I-NP
, , O
Mr. NNP B-NP
Courter NNP I-NP
actively RB B-ADVP
courts VBZ B-VP
minority NN B-NP
voters NNS I-NP
but CC O
seems VBZ B-VP
oddly RB B-ADVP
over IN B-PP
his PRP$ B-NP
head NN I-NP
. . O

He PRP B-NP
is VBZ B-VP
warm JJ B-ADJP
and CC I-ADJP
polished VBN I-ADJP
before IN B-PP
a DT B-NP
Puerto NNP I-NP
Rican NNP I-NP
Congress NNP I-NP
in IN B-PP
Asbury NNP B-NP
Park NNP I-NP
. . O

Yet RB O
minutes NNS B-NP
after IN B-PP
promising JJ B-VP
to TO I-VP
appoint VB I-VP
Hispanics NNPS B-NP
to TO B-PP
high JJ B-NP
posts NNS I-NP
in IN B-PP
state NN B-NP
government NN I-NP
, , O
he PRP B-NP
is VBZ B-VP
unable JJ B-ADJP
to TO B-VP
say VB I-VP
whether IN B-SBAR
he PRP B-NP
has VBZ B-VP
ever RB I-VP
employed VBN I-VP
any DT B-NP
in NN B-PP
his PRP$ B-NP
congressional JJ I-NP
office NN I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
we PRP B-NP
do VB B-VP
now RB B-ADVP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
we PRP B-NP
did VBD B-VP
. . O
'' '' O

Asked VBN B-VP
the DT B-NP
same JJ I-NP
question NN I-NP
after IN B-PP
his PRP$ B-NP
appearance NN I-NP
, , O
Democrat NNP B-NP
Florio NNP I-NP
identifies VBZ B-VP
a DT B-NP
staff NN I-NP
member NN I-NP
by IN B-PP
name NN B-NP
and CC O
explains VBZ B-VP
her PRP$ B-NP
whereabouts NN I-NP
today NN B-NP
. . O

When WRB B-ADVP
he PRP B-NP
is VBZ B-VP
presented VBN I-VP
with IN B-PP
a DT B-NP
poster NN I-NP
celebrating VBG B-VP
the DT B-NP
organization NN I-NP
's POS B-NP
20th JJ I-NP
anniversary NN I-NP
, , O
he PRP B-NP
recognizes VBZ B-VP
a DT B-NP
photograph NN I-NP
of IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
founders NNS I-NP
and CC O
recalls VBZ B-VP
time NN B-NP
spent VBN B-VP
together RB B-ADVP
in IN B-PP
Camden NNP B-NP
. . O

Details NNS B-NP
and CC I-NP
Camden NNP I-NP
are VBP B-VP
essential JJ B-NP
Florio NNP I-NP
. . O

Elected VBN B-VP
to TO B-PP
Congress NNP B-NP
as IN B-PP
a DT B-NP
`` `` I-NP
Watergate NNP I-NP
baby NN I-NP
'' '' O
in IN B-PP
1974 CD B-NP
, , O
he PRP B-NP
ran VBD B-VP
for IN B-PP
governor NN B-NP
three CD B-NP
years NNS I-NP
later RB B-ADVP
. . O

In IN B-PP
the DT B-NP
opinion NN I-NP
of IN B-PP
many JJ B-NP
, , O
he PRP B-NP
has VBZ B-VP
n't RB I-VP
stopped VBN I-VP
running VBG I-VP
since IN B-ADVP
, , O
even RB B-SBAR
though IN I-SBAR
he PRP B-NP
declined VBD B-VP
a DT B-NP
rematch NN I-NP
with IN B-PP
Gov. NNP B-NP
Kean NNP I-NP
in IN B-PP
1985 CD B-NP
. . O

His PRP$ B-NP
base NN I-NP
in IN B-PP
South NNP B-NP
Jersey NNP I-NP
and CC B-PP
on IN B-PP
the DT B-NP
House NNP I-NP
Energy NNP I-NP
and CC I-NP
Commerce NNP I-NP
Committee NNP I-NP
helped VBD B-VP
him PRP B-NP
sustain VBP B-VP
a DT B-NP
network NN I-NP
of IN B-PP
political-action JJ B-NP
committees NNS I-NP
to TO B-VP
preserve VB I-VP
his PRP$ B-NP
edge NN I-NP
. . O

With IN B-PP
limited JJ B-NP
budgets NNS I-NP
for IN B-PP
television NN B-NP
in IN B-PP
a DT B-NP
high-priced JJ I-NP
market NN I-NP
, , O
Mr. NNP B-NP
Florio NNP I-NP
's POS B-NP
higher JJR I-NP
recognition NN I-NP
than IN B-PP
his PRP$ B-NP
rival NN I-NP
is VBZ B-VP
a DT B-NP
major JJ I-NP
advantage NN I-NP
. . O

More RBR B-ADVP
than IN B-PP
ever RB B-ADVP
, , O
his PRP$ B-NP
pro-consumer NN I-NP
and CC I-NP
pro-environment NN I-NP
record NN I-NP
is VBZ B-VP
in IN B-PP
sync NN B-NP
with IN B-PP
the DT B-NP
state NN I-NP
. . O

Auto NN B-NP
insurance NN I-NP
rates NNS I-NP
are VBP B-VP
soaring VBG I-VP
. . O

A DT B-NP
toxic-waste-dump JJ I-NP
fire NN I-NP
destroyed VBD B-VP
part NN B-NP
of IN B-PP
an DT B-NP
interstate JJ I-NP
highway NN I-NP
this DT B-NP
summer NN I-NP
. . O

In IN B-PP
Monmouth NNP B-NP
, , O
an DT B-NP
important JJ I-NP
swing NN I-NP
area NN I-NP
, , O
Republican NNP B-NP
freeholders NNS I-NP
now RB B-ADVP
run VBP B-VP
on IN B-PP
a DT B-NP
slogan NN I-NP
promising JJ B-VP
to TO I-VP
keep VB I-VP
the DT B-NP
county NN I-NP
`` `` O
clean JJ B-ADJP
and CC I-ADJP
green JJ I-ADJP
. . O
'' '' O

Mr. NNP B-NP
Florio NNP I-NP
savors NNS B-VP
this DT B-NP
vindication NN I-NP
, , O
but CC O
at IN B-PP
age NN B-NP
52 CD I-NP
, , O
the DT B-NP
congressman NN I-NP
is VBZ B-VP
also RB B-ADVP
a DT B-NP
product NN I-NP
of IN B-PP
his PRP$ B-NP
times NNS I-NP
and CC I-NP
losses NNS I-NP
. . O

He PRP B-NP
speaks VBZ B-VP
for IN B-PP
the DT B-NP
death NN I-NP
penalty NN I-NP
as IN B-SBAR
if IN I-SBAR
reading NN B-VP
from IN B-PP
Exodus NNP B-NP
21 CD I-NP
; : O
to TO B-VP
increase VB I-VP
state NN B-NP
revenue NN I-NP
he PRP B-NP
focuses VBZ B-VP
not RB O
on IN B-PP
`` `` O
taxes NNS B-NP
'' '' O
but CC B-PP
on IN B-PP
`` `` O
audits NN B-NP
'' '' O
to TO B-VP
cut VB I-VP
waste NN B-NP
. . O

Hard-hitting JJ B-NP
consultants NNS I-NP
match VBP B-VP
ads NNS B-NP
with IN B-PP
Mr. NNP B-NP
Courter NNP I-NP
's POS B-NP
team NN I-NP
, , O
and CC O
Mr. NNP B-NP
Florio NNP I-NP
retools VBZ B-VP
himself PRP B-NP
as IN B-PP
the DT B-NP
lean JJ I-NP
, , I-NP
mean VB I-NP
Democratic JJ I-NP
fighting NN I-NP
machine NN I-NP
of IN B-PP
the DT B-NP
1990s CD I-NP
. . O

Appealing VBG B-VP
to TO B-PP
a DT B-NP
young JJ I-NP
audience NN I-NP
, , O
he PRP B-NP
scraps VBZ B-VP
an DT B-NP
old JJ I-NP
reference NN I-NP
to TO B-PP
Ozzie NNP B-NP
and CC I-NP
Harriet NNP I-NP
and CC O
instead RB B-ADVP
quotes VBZ B-VP
the DT B-NP
Grateful NNP I-NP
Dead NNP I-NP
. . O

The DT B-NP
lyric JJ I-NP
chosen VBN B-VP
-- : O
`` `` O
long JJ B-NP
strange JJ I-NP
night NN I-NP
'' '' O
-- : O
may MD B-VP
be VB I-VP
an DT B-NP
apt JJ I-NP
footnote NN I-NP
to TO B-PP
television NN B-NP
spots NNS I-NP
by IN B-PP
both DT B-NP
candidates NNS I-NP
intended VBN B-VP
to TO I-VP
portray VB I-VP
each DT B-NP
other NN I-NP
as IN B-PP
a DT B-NP
liar NN I-NP
. . O

The DT B-NP
Democratic JJ I-NP
lawmaker NN I-NP
fits VBZ B-VP
a DT B-NP
pattern NN I-NP
of IN B-PP
younger JJR B-NP
reformers NNS I-NP
arising VBG B-VP
out IN B-PP
of IN B-PP
old JJ B-NP
machines NNS I-NP
, , O
but CC O
his PRP$ B-NP
ties NNS I-NP
to TO B-PP
Camden NNP B-NP
remain VB B-VP
a DT B-NP
sore JJ I-NP
point NN I-NP
because IN B-PP
of IN I-PP
the DT B-NP
county NN I-NP
's POS B-NP
past JJ I-NP
corruption NN I-NP
. . O

His PRP$ B-NP
campaign NN I-NP
hierarchy NN I-NP
is VBZ B-VP
chosen VBN I-VP
from IN B-PP
elsewhere RB B-NP
in IN B-PP
the DT B-NP
state NN I-NP
, , O
and CC O
faced VBD B-VP
with IN B-PP
criticism NN B-NP
of IN B-PP
a DT B-NP
sweetheart NN I-NP
bank NN I-NP
investment NN I-NP
, , O
he PRP B-NP
has VBZ B-VP
so RB I-VP
far RB I-VP
blunted VBN I-VP
the DT B-NP
issue NN I-NP
by IN B-PP
donating VBG B-VP
the DT B-NP
bulk NN I-NP
of IN B-PP
his PRP$ B-NP
profits NNS I-NP
to TO B-PP
his PRP$ B-NP
alma JJ I-NP
mater NN I-NP
, , O
Trenton NNP B-NP
State NNP I-NP
College NNP I-NP
. . O

Mr. NNP B-NP
Florio NNP I-NP
's POS B-NP
forcefulness NN I-NP
on IN B-PP
the DT B-NP
abortion NN I-NP
issue NN I-NP
after IN B-PP
the DT B-NP
Webster NNP I-NP
ruling NN I-NP
divides VBZ B-VP
some DT B-NP
of IN B-PP
his PRP$ B-NP
old JJ I-NP
constituency NN I-NP
. . O

Pasquale NNP B-NP
Pignatelli NNP I-NP
, , O
an DT B-NP
unlikely JJ I-NP
but CC I-NP
enthusiastic JJ I-NP
pipe NN I-NP
major JJ I-NP
in IN B-PP
an DT B-NP
Essex NNP I-NP
County NNP I-NP
Irish JJ I-NP
bagpipe NN I-NP
band NN I-NP
, , O
speaks VBZ B-VP
sadly RB B-ADVP
of IN B-PP
Mr. NNP B-NP
Florio NNP I-NP
. . O

`` `` O
I PRP B-NP
am VBP B-VP
a DT B-NP
devout JJ I-NP
Catholic NNP I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Pignatelli NNP I-NP
, , O
a DT B-NP
40-year-old JJ I-NP
health NN I-NP
officer NN I-NP
. . O

`` `` O
I PRP B-NP
ca MD B-VP
n't RB I-VP
support VB I-VP
him PRP B-NP
because IN B-PP
of IN I-PP
abortion NN B-NP
. . O
'' '' O

Bill NNP B-NP
Wames NNP I-NP
Sr. NNP I-NP
, , O
72 CD B-NP
, , O
is VBZ B-VP
Catholic NNP B-ADJP
too RB B-ADVP
, , O
but CC O
unfazed VBN B-ADJP
by IN B-PP
Mr. NNP B-NP
Florio NNP I-NP
's POS B-NP
stand NN I-NP
on IN B-PP
abortion NN B-NP
. . O

A DT B-NP
security NN I-NP
guard NN I-NP
at IN B-PP
a DT B-NP
cargo NN I-NP
terminal NN I-NP
, , O
he PRP B-NP
wears VBZ B-VP
a DT O
Sons NNP O
of IN B-PP
Italy NNP B-NP
jacket NN B-NP
and CC I-NP
cap NN I-NP
celebrating VBG B-VP
`` `` O
The DT B-NP
US PRP I-NP
1 CD I-NP
Band NNP I-NP
. . O
'' '' O

`` `` O
I PRP B-NP
still RB B-ADVP
think VBP B-VP
the DT B-NP
woman NN I-NP
has VBZ B-VP
the DT B-NP
right NN I-NP
to TO B-VP
do VB I-VP
with IN B-PP
her PRP$ B-NP
body NN I-NP
as IN B-SBAR
she PRP B-NP
pleases VBZ B-VP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
want VBP B-VP
more JJR B-NP
opinions NNS I-NP
ask VBP B-VP
my PRP$ B-NP
wife NN I-NP
. . O

She PRP B-NP
has VBZ B-VP
lots NNS B-NP
of IN B-PP
opinions NNS B-NP
. . O

Consumer NN B-NP
prices NNS I-NP
rose VBD B-VP
a DT B-NP
surprisingly RB I-NP
moderate JJ I-NP
0.2 CD I-NP
% NN I-NP
in IN B-PP
September NNP B-NP
, , O
pushed VBD B-VP
up IN B-ADVP
mostly RB B-ADVP
by IN B-PP
a DT B-NP
jump NN I-NP
in IN B-PP
clothing NN B-NP
costs NNS I-NP
, , O
the DT B-NP
Labor NNP I-NP
Department NNP I-NP
reported VBD B-VP
. . O

Energy NN B-NP
costs NNS I-NP
, , O
which WDT B-NP
drove VBD B-VP
wholesale JJ B-NP
prices NNS I-NP
up IN B-ADVP
sharply RB B-ADVP
during IN B-PP
the DT B-NP
month NN I-NP
, , O
continued VBD B-VP
to TO I-VP
decline VB I-VP
at IN B-PP
the DT B-NP
retail JJ I-NP
level NN I-NP
, , O
pulling VBG B-VP
down JJ B-ADVP
transportation NN B-NP
and CC O
helping VBG B-VP
to TO I-VP
ease VB I-VP
housing NN B-NP
costs NNS I-NP
. . O

The DT B-NP
report NN I-NP
was VBD B-VP
the DT B-NP
brightest JJS I-NP
news NN I-NP
the DT B-NP
financial JJ I-NP
markets NNS I-NP
had VBD B-VP
seen VBN I-VP
since IN B-PP
before IN O
the DT B-NP
stock NN I-NP
market NN I-NP
plunged VBD B-VP
more JJR B-NP
than IN I-NP
190 CD I-NP
points NNS I-NP
last JJ B-NP
Friday NNP I-NP
. . O

The DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
rallied VBD B-VP
on IN B-PP
the DT B-NP
news NN I-NP
, , O
closing VBG B-VP
39.55 CD B-NP
points NNS I-NP
higher JJR B-ADVP
at IN B-PP
2683.20 CD B-NP
. . O

Bond NN B-NP
prices NNS I-NP
also RB B-ADVP
jumped VBD B-VP
as IN B-SBAR
traders NNS B-NP
appeared VBD B-VP
to TO I-VP
read VB I-VP
the DT B-NP
data NNS I-NP
as IN B-PP
a DT B-NP
sign NN I-NP
that IN B-SBAR
interest NN B-NP
rates NNS I-NP
may MD B-VP
fall VB I-VP
. . O

But CC O
many JJ B-NP
economists NNS I-NP
were VBD B-VP
not RB O
nearly RB B-ADVP
as IN B-ADJP
jubilant JJ I-ADJP
. . O

The DT B-NP
climb NN I-NP
in IN B-PP
wholesale JJ B-NP
energy NN I-NP
prices NNS I-NP
is VBZ B-VP
certain JJ B-ADJP
to TO B-VP
push VB I-VP
up IN B-ADVP
retail JJ B-NP
energy NN I-NP
prices NNS I-NP
in IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
months NNS I-NP
, , O
they PRP B-NP
warned VBD B-VP
. . O

They PRP B-NP
also RB B-ADVP
said VBD B-VP
the DT B-NP
dollar NN I-NP
is VBZ B-VP
leveling VBG I-VP
off IN B-PRT
after IN B-PP
a DT B-NP
rise NN I-NP
this DT B-NP
summer NN I-NP
that WDT B-NP
helped VBD B-VP
to TO I-VP
reduce VB I-VP
the DT B-NP
prices NNS I-NP
of IN B-PP
imported VBN B-NP
goods NNS I-NP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
inflation NN B-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
pick VB I-VP
up IN B-PRT
through IN B-PP
the DT B-NP
fall NN I-NP
, , O
'' '' O
said VBD B-VP
Joel NNP B-NP
Popkin NNP I-NP
, , O
a DT B-NP
specialist NN I-NP
on IN B-PP
inflation NN B-NP
who WP B-NP
runs VBZ B-VP
an DT B-NP
economic JJ I-NP
consulting NN I-NP
firm NN I-NP
here RB B-ADVP
. . O

`` `` O
It PRP B-NP
has VBZ B-VP
been VBN I-VP
in IN B-PP
what WP B-NP
I PRP B-NP
would MD B-VP
describe VB I-VP
as IN B-PP
a DT B-NP
lull NN I-NP
for IN B-PP
the DT B-NP
past JJ I-NP
several JJ I-NP
months NNS I-NP
. . O
'' '' O

`` `` O
We PRP B-NP
've VBP B-VP
had VBD I-VP
whopping JJ B-NP
declines NNS I-NP
in IN B-PP
consumer NN B-NP
energy NN I-NP
prices NNS I-NP
in IN B-PP
each DT B-NP
of IN B-PP
the DT B-NP
past JJ I-NP
three CD I-NP
months NNS I-NP
, , O
and CC O
at IN B-PP
the DT B-NP
wholesale JJ I-NP
level NN I-NP
those DT B-NP
are VBP B-VP
fully RB B-ADVP
behind IN B-PP
us PRP B-NP
now RB B-ADVP
, , O
'' '' O
said VBD B-VP
Jay NNP B-NP
Woodworth NNP I-NP
, , O
chief JJ B-NP
domestic JJ I-NP
economist NN I-NP
at IN B-PP
Bankers NNP B-NP
Trust NNP I-NP
Co. NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

Because IN B-SBAR
wholesale JJ B-NP
energy NN I-NP
prices NNS I-NP
shot NN B-VP
up IN B-ADVP
by IN B-PP
a DT B-NP
steep JJ I-NP
6.5 CD I-NP
% NN I-NP
last JJ B-NP
month NN I-NP
, , O
many JJ B-NP
analysts NNS I-NP
expected VBD B-VP
energy NN B-NP
prices NNS I-NP
to TO B-VP
rise VB I-VP
at IN B-PP
the DT B-NP
consumer NN I-NP
level NN I-NP
too RB B-ADVP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
many JJ B-NP
economists NNS I-NP
were VBD B-VP
expecting VBG I-VP
the DT B-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
to TO B-VP
increase VB I-VP
significantly RB B-ADVP
more JJR I-ADVP
than IN B-SBAR
it PRP B-NP
did VBD B-VP
. . O

But CC O
retail JJ B-NP
energy NN I-NP
prices NNS I-NP
declined VBD B-VP
0.9 CD B-NP
% NN I-NP
in IN B-PP
September NNP B-NP
. . O

Though IN B-SBAR
analysts NNS B-NP
say VBP B-VP
competition NN B-NP
will MD B-VP
probably RB I-VP
hold VB I-VP
down RB B-PRT
increases VBZ B-NP
in IN B-PP
retail JJ B-NP
energy NN I-NP
prices NNS I-NP
, , O
many JJ B-NP
expect VBP B-VP
some DT B-NP
of IN B-PP
the DT B-NP
wholesale JJ I-NP
rise NN I-NP
to TO B-VP
be VB I-VP
passed VBN I-VP
along IN B-PRT
to TO B-PP
the DT B-NP
consumer NN I-NP
before IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
. . O

Still RB B-ADVP
, , O
some DT B-NP
analysts NNS I-NP
insisted VBD B-VP
that IN B-SBAR
the DT B-NP
worst JJS I-NP
of IN B-PP
the DT B-NP
inflation NN I-NP
is VBZ B-VP
behind RB B-ADVP
. . O

`` `` O
It PRP B-NP
increasingly RB B-ADVP
appears VBZ B-VP
that IN B-SBAR
1987-88 CD B-NP
was VBD B-VP
a DT B-NP
temporary JJ I-NP
inflation NN I-NP
blip NN I-NP
and CC B-NP
not RB I-NP
the DT B-NP
beginning NN I-NP
of IN B-PP
a DT B-NP
cyclical JJ I-NP
inflation NN I-NP
problem NN I-NP
, , O
'' '' O
argued VBD B-VP
Edward NNP B-NP
Yardeni NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
at IN B-PP
Prudential-Bache NNP B-NP
Securities NNP I-NP
Inc. NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

In IN B-PP
both DT B-NP
1987 CD I-NP
and CC I-NP
1988 CD I-NP
, , O
consumer NN B-NP
prices NNS I-NP
rose VBD B-VP
4.4 CD B-NP
% NN I-NP
. . O

A DT B-NP
run-up NN I-NP
in IN B-PP
world NN B-NP
oil NN I-NP
prices NNS I-NP
last JJ B-NP
winter NN I-NP
sent VBD B-VP
consumer NN B-NP
prices NNS I-NP
soaring VBG B-VP
at IN B-PP
a DT B-NP
6.7 CD I-NP
% NN I-NP
annual JJ I-NP
rate NN I-NP
in IN B-PP
the DT B-NP
first JJ I-NP
five CD I-NP
months NNS I-NP
of IN B-PP
this DT B-NP
year NN I-NP
, , O
but CC O
the DT B-NP
subsequent JJ I-NP
decline NN I-NP
in IN B-PP
energy NN B-NP
prices NNS I-NP
has VBZ B-VP
pulled VBN I-VP
the DT B-NP
annual JJ I-NP
rate NN I-NP
back RB B-ADVP
down RB I-ADVP
to TO B-PP
4.4 CD B-NP
% NN I-NP
. . O

Mr. NNP B-NP
Yardeni NNP I-NP
predicted VBD B-VP
that DT B-SBAR
world NN B-NP
business NN I-NP
competition NN I-NP
will MD B-VP
continue VB I-VP
to TO I-VP
restrain VB I-VP
prices NNS B-NP
. . O

`` `` O
The DT B-NP
bottom NN I-NP
line NN I-NP
is VBZ B-VP
, , O
it PRP B-NP
seems VBZ B-VP
to TO B-PP
me PRP B-NP
that IN B-SBAR
the DT B-NP
economic JJ I-NP
environment NN I-NP
has VBZ B-VP
become VBN I-VP
very RB B-ADJP
, , I-ADJP
very RB I-ADJP
competitve JJ I-ADJP
for IN B-PP
a DT B-NP
lot NN I-NP
of IN B-PP
businesses NNS B-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
Back RB B-ADVP
in IN B-PP
1987-88 CD B-NP
, , O
business NN B-NP
was VBD B-VP
operating VBG I-VP
at IN B-PP
fairly RB B-NP
tight JJ I-NP
capacity NN I-NP
, , O
so RB O
businesses NNS B-NP
felt VBD B-VP
they PRP B-NP
could MD B-VP
raise VB I-VP
prices NNS B-NP
. . O
'' '' O

Now RB B-ADVP
, , O
he PRP B-NP
said VBD B-VP
, , O
a DT B-NP
slowdown NN I-NP
in IN B-PP
economic JJ B-NP
activity NN I-NP
has VBZ B-VP
slackened VBN I-VP
demand NN B-NP
. . O

The DT B-NP
mild JJ I-NP
inflation NN I-NP
figures NNS I-NP
renewed VBD B-VP
investors NNS B-NP
' POS B-NP
hopes VBZ I-NP
that IN B-SBAR
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
will MD B-VP
ease VB I-VP
its PRP$ B-NP
interest-rate NN I-NP
stance NN I-NP
. . O

The DT B-NP
steep JJ I-NP
climb NN I-NP
in IN B-PP
producer NN B-NP
prices NNS I-NP
reported VBD B-VP
last JJ B-NP
Friday NNP I-NP
fostered VBD B-VP
pessimism NN B-NP
about IN B-PP
lower JJR B-NP
interest NN I-NP
rates NNS I-NP
and CC O
contributed VBD B-VP
to TO B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
's POS B-NP
6.9 CD B-ADJP
% NN I-ADJP
plunge NN B-NP
that DT B-NP
day NN I-NP
. . O

In IN B-PP
the DT B-NP
past JJ I-NP
several JJ I-NP
days NNS I-NP
, , O
however RB B-ADVP
, , O
the DT B-NP
U.S. NNP I-NP
's POS B-NP
central JJ I-NP
bank NN I-NP
has VBZ B-VP
allowed VBN I-VP
a DT B-NP
key JJ I-NP
interest NN I-NP
rate NN I-NP
to TO B-VP
fall VB I-VP
slightly RB B-ADVP
to TO B-VP
try VB I-VP
to TO I-VP
stabilize VB I-VP
the DT B-NP
markets NNS I-NP
. . O

Analysts NNS B-NP
say VBP B-VP
Fed NNP B-NP
policy NN I-NP
makers NNS I-NP
have VBP B-VP
been VBN I-VP
wary JJ B-ADJP
of IN B-PP
relaxing VBG B-VP
credit NN B-NP
too RB B-ADVP
much JJ I-ADVP
because IN B-SBAR
they PRP B-NP
were VBD B-VP
still RB B-ADJP
uncertain JJ I-ADJP
about IN B-PP
the DT B-NP
level NN I-NP
of IN B-PP
inflation NN B-NP
in IN B-PP
the DT B-NP
economy NN I-NP
. . O

Excluding VBG B-PP
the DT B-NP
volatile JJ I-NP
categories NNS I-NP
of IN B-PP
energy NN B-NP
and CC I-NP
food NN I-NP
-- : O
leaving VBG B-VP
what WP B-NP
some DT B-NP
economists NNS I-NP
call VBP B-VP
the DT B-NP
core NN I-NP
inflation NN I-NP
rate NN I-NP
-- : O
consumer NN B-NP
prices NNS I-NP
still RB B-ADVP
rose VBD B-VP
only RB B-NP
0.2 CD I-NP
% NN I-NP
in IN B-PP
September NNP B-NP
. . O

Transportation NN B-NP
costs NNS I-NP
actually RB B-ADVP
fell VBD B-VP
0.5 CD B-NP
% NN I-NP
, , O
and CC O
housing NN B-NP
costs NNS I-NP
gained VBD B-VP
only RB B-NP
0.1 CD I-NP
% NN I-NP
. . O

Apparel NN B-NP
prices NNS I-NP
rocketed VBD B-VP
up IN B-ADVP
1.7 CD B-NP
% NN I-NP
, , O
but CC O
that DT B-NP
was VBD B-VP
after IN B-PP
three CD B-NP
months NNS I-NP
of IN B-PP
declines NNS B-NP
. . O

Medical JJ B-NP
costs NNS I-NP
continued VBD B-VP
their PRP$ B-NP
steep JJ I-NP
ascent NN I-NP
, , O
rising VBG B-VP
0.8 CD B-NP
% NN I-NP
after IN B-PP
four CD B-NP
consecutive JJ I-NP
months NNS I-NP
of IN B-PP
0.7 CD B-NP
% NN I-NP
increases NNS I-NP
. . O

Car NN B-NP
prices NNS I-NP
, , O
another DT B-NP
area NN I-NP
that WDT B-NP
contributed VBD B-VP
to TO B-PP
the DT B-NP
steep JJ I-NP
rise NN I-NP
in IN B-PP
the DT B-NP
wholesale JJ I-NP
index NN I-NP
last JJ B-NP
month NN I-NP
, , O
still RB B-ADVP
showed VBD B-VP
declines NNS B-NP
at IN B-PP
the DT B-NP
consumer NN I-NP
level NN I-NP
. . O

They PRP B-NP
dropped VBD B-VP
0.4 CD B-NP
% NN I-NP
as IN B-SBAR
dealers NNS B-NP
continued VBD B-VP
to TO I-VP
offer VB I-VP
rebates NNS B-NP
to TO B-VP
attract VB I-VP
customers NNS B-NP
. . O

Food NN B-NP
prices NNS I-NP
rose VBD B-VP
0.2 CD B-NP
% NN I-NP
for IN B-PP
the DT B-NP
second JJ I-NP
month NN I-NP
in IN B-PP
a DT B-NP
row NN I-NP
, , O
far RB B-ADVP
slower JJR I-ADVP
than IN B-PP
the DT B-NP
monthly JJ I-NP
rises NNS I-NP
earlier RBR B-ADVP
in IN B-PP
the DT B-NP
year NN I-NP
. . O

Separately RB B-ADVP
, , O
the DT B-NP
Labor NNP I-NP
Department NNP I-NP
reported VBD B-VP
that IN B-SBAR
average JJ B-NP
weekly JJ I-NP
earnings NNS I-NP
rose VBD B-VP
0.3 CD B-NP
% NN I-NP
in IN B-PP
September NNP B-NP
, , O
after IN B-PP
adjusting VBG B-VP
for IN B-PP
inflation NN B-NP
, , O
following VBG B-PP
a DT B-NP
0.7 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
August NNP B-NP
. . O

All DT B-NP
the DT I-NP
numbers NNS I-NP
are VBP B-VP
adjusted VBN I-VP
for IN B-PP
seasonal JJ B-NP
fluctuations NNS I-NP
. . O

Here RB B-ADVP
are VBP B-VP
the DT B-NP
seasonally RB I-NP
adjusted VBN I-NP
changes NNS I-NP
in IN B-PP
the DT B-NP
components NNS I-NP
of IN B-PP
the DT B-NP
Labor NNP I-NP
Department NNP I-NP
's POS B-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
for IN B-PP
September NNP B-NP
. . O

After IN B-PP
watching VBG B-VP
interest NN B-NP
in IN B-PP
the DT B-NP
sport NN I-NP
plummet NN B-VP
for IN B-PP
years NNS B-NP
, , O
the DT B-NP
ski NN I-NP
industry NN I-NP
is VBZ B-VP
trying VBG I-VP
to TO I-VP
give VB I-VP
itself PRP B-NP
a DT B-NP
lift NN I-NP
. . O

Across IN B-PP
the DT B-NP
country NN I-NP
, , O
resorts NNS B-NP
are VBP B-VP
using VBG I-VP
everything NN B-NP
from IN B-PP
fireworks NNS B-NP
to TO B-PP
classical-music JJ B-NP
concerts NNS I-NP
to TO B-VP
attract VB I-VP
new JJ B-NP
customers NNS I-NP
. . O

Some DT B-NP
have NN B-VP
built VBD I-VP
health NN B-NP
spas NNS I-NP
, , O
business NN B-NP
centers NNS I-NP
and CC O
shopping NN B-NP
villages NNS I-NP
so RB O
visitors NNS B-NP
have VBP B-VP
more JJR B-NP
to TO B-VP
do VB I-VP
than IN B-PP
ski NN B-VP
. . O

And CC O
this DT B-NP
week NN I-NP
, , O
the DT B-NP
industry NN I-NP
's POS B-NP
efforts NNS I-NP
will MD B-VP
go VB I-VP
national JJ B-ADJP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
when WRB B-ADVP
it PRP B-NP
unveils VBZ B-VP
a DT B-NP
$ $ I-NP
7 CD I-NP
million CD I-NP
advertising NN I-NP
campaign NN I-NP
. . O

Such JJ B-NP
efforts NNS I-NP
-- : O
unheard JJ B-ADJP
of IN B-PRT
only RB B-NP
a DT I-NP
few JJ I-NP
years NNS I-NP
ago RB B-ADVP
-- : O
are VBP B-VP
the DT B-NP
latest JJS I-NP
attempts NNS I-NP
to TO B-VP
revive VB I-VP
the DT B-NP
sagging VBG I-NP
$ $ I-NP
1.76 CD I-NP
billion CD I-NP
U.S. NNP I-NP
ski NN I-NP
industry NN I-NP
. . O

Since IN B-PP
the DT B-NP
start NN I-NP
of IN B-PP
the DT B-NP
decade NN I-NP
, , O
lift-ticket JJ B-NP
sales NNS I-NP
have NN B-VP
grown VBN I-VP
only RB B-NP
3 CD I-NP
% NN I-NP
a DT B-NP
year NN I-NP
on IN B-PP
average JJ B-NP
, , O
compared VBN B-PP
with IN B-PP
16 CD B-NP
% NN I-NP
annual JJ I-NP
growth NN I-NP
rates NNS I-NP
in IN B-PP
the DT B-NP
'60s NNS I-NP
and CC I-NP
'70s NNS I-NP
. . O

Last JJ B-NP
season NN I-NP
, , O
lift-ticket JJ B-NP
sales NNS I-NP
fell VBD B-VP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
in IN B-PP
seven CD B-NP
years NNS I-NP
. . O

By IN B-PP
some DT B-NP
estimates NNS I-NP
, , O
nearly RB B-NP
a DT I-NP
fourth JJ I-NP
of IN B-PP
all DT B-NP
U.S. NNP I-NP
ski NN I-NP
areas NNS I-NP
have VBP B-VP
been VBN I-VP
forced VBN I-VP
to TO I-VP
shut VB I-VP
down RB B-PRT
since IN B-PP
the DT B-NP
early JJ I-NP
'80s NNS I-NP
. . O

Competition NN B-NP
and CC O
mounting VBG B-NP
insurance NN I-NP
and CC I-NP
equipment NN I-NP
costs NNS I-NP
have VBP B-VP
been VBN I-VP
the DT B-NP
undoing NN I-NP
of IN B-PP
many JJ B-NP
resorts NNS I-NP
. . O

But CC O
another DT B-NP
big JJ I-NP
problem NN I-NP
has VBZ B-VP
been VBN I-VP
the DT B-NP
aging NN I-NP
of IN B-PP
baby NN B-NP
boomers NNS I-NP
. . O

Skiing NN B-NP
, , O
after IN B-PP
all DT B-NP
, , O
has VBZ B-VP
mainly RB I-VP
been VBN I-VP
for IN B-PP
the DT B-NP
young JJ I-NP
and CC I-NP
daring JJ I-NP
and CC O
many JJ B-NP
baby NN I-NP
boomers NNS I-NP
have VBP B-VP
outgrown VBN I-VP
skiing NN B-NP
or CC O
have VBP B-VP
too RB B-NP
many JJ I-NP
family NN I-NP
responsibilities NNS I-NP
to TO B-VP
stick VB I-VP
with IN B-PP
the DT B-NP
sport NN I-NP
. . O

In IN B-PP
its PRP$ B-NP
new JJ I-NP
ad NN I-NP
campaign NN I-NP
, , O
created VBN B-VP
by IN B-PP
D'Arcy NNP B-NP
Masius NNP I-NP
Benton NNP I-NP
& CC I-NP
Bowles NNP I-NP
Inc. NNP I-NP
, , O
Chicago NNP B-NP
, , O
the DT B-NP
ski NN I-NP
industry NN I-NP
is VBZ B-VP
trying VBG I-VP
to TO I-VP
change VB I-VP
its PRP$ B-NP
image NN I-NP
as IN B-PP
a DT B-NP
sport NN I-NP
primarily RB B-ADVP
for IN B-PP
young JJ B-NP
white JJ I-NP
people NNS I-NP
. . O

One CD B-NP
60-second JJ I-NP
TV NN I-NP
spot NN I-NP
features VBZ B-VP
a DT B-NP
diverse JJ I-NP
group NN I-NP
of IN B-PP
skiers NNS B-NP
gracefully RB B-VP
gliding VBG I-VP
down RB B-PP
sun-drenched JJ B-NP
slopes NNS I-NP
: : O
senior JJ B-NP
citizens NNS I-NP
, , O
minorities NNS B-NP
, , O
families NNS B-NP
with IN B-PP
children NNS B-NP
-- : B-NP
even RB I-NP
a DT B-NP
blind JJ I-NP
skier NN I-NP
. . O

`` `` O
Ski NNP B-NP
school NN I-NP
is VBZ B-VP
great JJ B-ADJP
, , O
'' '' O
cries NNS B-VP
out IN B-PRT
a DT B-NP
tot NN I-NP
, , O
bundled VBN B-VP
in IN B-PP
a DT B-NP
snowsuit NN I-NP
as IN B-SBAR
he PRP B-NP
plows VBZ B-VP
down RP B-PP
a DT B-NP
bunny NN I-NP
slope NN I-NP
. . O

`` `` O
You PRP B-NP
'll MD B-VP
never RB I-VP
know VB I-VP
'til NN O
you PRP B-NP
try VBP B-VP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
black JJ I-NP
skier NN I-NP
. . O

`` `` O
We PRP B-NP
used VBD B-VP
to TO I-VP
show VB I-VP
some DT B-NP
hot-dog JJ I-NP
skier NN I-NP
in IN B-PP
his PRP$ B-NP
twenties NNS I-NP
or CC I-NP
thirties NNS I-NP
going VBG B-VP
over IN B-PP
the DT B-NP
edge NN I-NP
of IN B-PP
a DT B-NP
cliff NN I-NP
, , O
'' '' O
says VBZ B-VP
Kathe NNP B-NP
Dillmann NNP I-NP
, , O
a DT B-NP
spokeswoman NN I-NP
for IN B-PP
the DT B-NP
United NNP I-NP
Ski NNP I-NP
Industries NNP I-NP
Association NNP I-NP
, , O
the DT B-NP
trade NN I-NP
group NN I-NP
sponsoring VBG B-VP
the DT B-NP
campaign NN I-NP
. . O

Ski NN B-NP
promotions NNS I-NP
have VBP B-VP
traditionally RB I-VP
avoided VBN I-VP
the DT B-NP
touchy JJ I-NP
issue NN I-NP
of IN B-PP
safety NN B-NP
. . O

But CC O
the DT B-NP
new JJ I-NP
commercials NNS I-NP
deal VBP B-VP
with IN B-PP
it PRP B-NP
indirectly RB B-ADVP
by IN B-PP
showing VBG B-VP
a DT B-NP
woman NN I-NP
smiling VBG B-VP
as IN B-SBAR
she PRP B-NP
tries VBZ B-VP
to TO I-VP
get VB I-VP
up IN B-PRT
from IN B-PP
a DT B-NP
fall NN I-NP
. . O

`` `` O
We PRP B-NP
wanted VBD B-VP
to TO I-VP
show VB I-VP
it PRP B-NP
's VBZ B-VP
okay JJ B-ADJP
if IN B-SBAR
you PRP B-NP
fall VBP B-VP
, , O
'' '' O
says VBZ B-VP
Ms. NNP B-NP
Dillmann NNP I-NP
. . O

`` `` O
Most JJS B-NP
people NNS I-NP
think VBP B-VP
if IN B-SBAR
you PRP B-NP
slip VBP B-VP
, , O
you PRP B-NP
'll MD B-VP
wind VB I-VP
up IN B-PRT
in IN B-PP
a DT B-NP
body NN I-NP
cast NN I-NP
. . O
'' '' O

The DT B-NP
ad NN I-NP
campaign NN I-NP
represents VBZ B-VP
an DT B-NP
unusual JJ I-NP
spirit NN I-NP
of IN B-PP
cooperation NN B-NP
among IN B-PP
resorts NNS B-NP
and CC O
ski NN B-NP
equipment NN I-NP
makers NNS I-NP
; : O
normally RB B-ADVP
, , O
they PRP B-NP
only RB B-ADVP
run VBP B-VP
ads NNS B-NP
hyping VBG B-VP
their PRP$ B-NP
own JJ I-NP
products NNS I-NP
and CC I-NP
facilities NNS I-NP
. . O

But CC O
in IN B-PP
these DT B-NP
crunch NN I-NP
times NNS I-NP
for IN B-PP
the DT B-NP
ski NN I-NP
industry NN I-NP
, , O
some DT B-NP
resorts NNS I-NP
, , O
such JJ B-PP
as IN I-PP
the DT B-NP
Angel NNP I-NP
Fire NNP I-NP
, , I-NP
Red NNP I-NP
River NNP I-NP
and CC I-NP
Taos NNP I-NP
ski NN I-NP
areas NNS I-NP
in IN B-PP
New NNP B-NP
Mexico NNP I-NP
, , O
have VBP B-VP
even RB I-VP
started VBN I-VP
shuttle-busing NN I-VP
skiers NNS B-NP
to TO B-PP
each DT B-NP
other NN I-NP
's POS B-NP
slopes NNS I-NP
and CC O
next JJ B-VP
year NN I-VP
plan NN I-VP
to TO I-VP
sell VB I-VP
tickets NNS B-NP
good JJ B-ADJP
for IN B-PP
all DT B-NP
local JJ I-NP
lifts NNS I-NP
. . O

Many JJ B-NP
resorts NNS I-NP
also RB B-ADVP
are VBP B-VP
focusing VBG I-VP
more JJR B-ADVP
on IN B-PP
the DT B-NP
service NN I-NP
side NN I-NP
of IN B-PP
their PRP$ B-NP
business NN I-NP
. . O

Since IN B-SBAR
40 CD B-NP
% NN I-NP
of IN B-PP
skiers NNS B-NP
are VBP B-VP
parents NNS B-NP
, , O
many JJ B-NP
slopes NNS I-NP
are VBP B-VP
building VBG I-VP
nurseries NNS B-NP
, , O
expanding VBG B-VP
ski NN B-NP
schools NNS I-NP
and CC O
adding VBG B-VP
entertainment NN B-NP
for IN B-PP
kids NNS B-NP
. . O

Vail NNP B-NP
, , O
Colo. NNP B-NP
, , O
now RB B-ADVP
has VBZ B-VP
a DT B-NP
playland NN I-NP
that WDT B-NP
looks VBZ B-VP
like IN B-PP
an DT B-NP
old JJ I-NP
mining NN I-NP
town NN I-NP
; : O
kids NNS B-NP
can MD B-VP
ski VB I-VP
through IN B-ADVP
and CC O
pan NN B-VP
for IN B-PP
fool NN B-NP
's POS B-NP
gold NN I-NP
. . O

For IN B-PP
$ $ B-NP
15 CD I-NP
, , O
they PRP B-NP
can MD B-VP
enjoy VB I-VP
their PRP$ B-NP
own JJ I-NP
nightly JJ I-NP
entertainment NN I-NP
, , O
with IN B-PP
dinner NN B-NP
, , O
without IN B-PP
mom NN B-NP
and CC I-NP
dad NN I-NP
. . O

A DT B-NP
few JJ I-NP
years NNS I-NP
ago RB B-ADVP
, , O
parents NNS B-NP
usually RB B-ADVP
had VBD B-VP
to TO I-VP
hire VB I-VP
a DT B-NP
sitter NN I-NP
or CC O
take VB B-VP
turns VBZ B-NP
skiing NN B-VP
while IN B-SBAR
one CD B-NP
spouse NN I-NP
stayed VBD B-VP
with IN B-PP
the DT B-NP
children NNS I-NP
. . O

`` `` O
Most JJS B-NP
parents NNS I-NP
who WP B-NP
had VBD B-VP
to TO I-VP
go VB I-VP
through IN B-PP
that DT B-NP
never RB B-ADVP
came VBD B-VP
back RB B-ADVP
, , O
'' '' O
says VBZ B-VP
Michael NNP B-NP
Shannon NNP I-NP
, , O
president NN B-NP
of IN B-PP
Vail NNP B-NP
Associates NNP I-NP
Inc. NNP I-NP
, , O
which WDT B-NP
owns VBZ B-VP
and CC I-VP
operates VBZ I-VP
the DT B-NP
Vail NNP I-NP
and CC I-NP
nearby JJ I-NP
Beaver NNP I-NP
Creek NNP I-NP
resorts NNS I-NP
. . O

To TO B-VP
make VB I-VP
skiing NN B-NP
more RBR B-ADJP
convenient JJ I-ADJP
for IN B-PP
time-strapped JJ B-NP
visitors NNS I-NP
, , O
several JJ B-NP
resorts NNS I-NP
are VBP B-VP
buying VBG I-VP
or CC I-VP
starting VBG I-VP
their PRP$ B-NP
own JJ I-NP
travel NN I-NP
agencies NNS I-NP
. . O

In IN B-PP
one CD B-NP
phone NN I-NP
call NN I-NP
, , O
ski NN B-NP
buffs NNS I-NP
can MD B-VP
make VB I-VP
hotel NN B-NP
and CC I-NP
restaurant NN I-NP
reservations NNS I-NP
, , O
buy VB B-VP
lift NN B-NP
tickets NNS I-NP
, , O
rent NN B-VP
ski NN B-NP
equipment NN I-NP
and CC O
sign NN B-VP
up IN B-PRT
for IN B-PP
lessons NNS B-NP
. . O

And CC O
resorts NNS B-NP
are VBP B-VP
adding VBG I-VP
other JJ B-NP
amenities NNS I-NP
, , O
such JJ B-PP
as IN I-PP
pricey JJ B-NP
restaurants NNS I-NP
, , O
health NN B-NP
spas NNS I-NP
and CC O
vacation NN B-NP
packages NNS I-NP
with IN B-PP
a DT B-NP
twist NN I-NP
. . O

During IN B-PP
Winter NNP B-NP
Carnival NNP I-NP
week NN I-NP
, , O
for IN B-PP
example NN B-NP
, , O
visitors NNS B-NP
at IN B-PP
Sunday NNP B-NP
River NNP I-NP
in IN B-PP
Maine NNP B-NP
can MD B-VP
take VB I-VP
a DT B-NP
hot-air JJ I-NP
balloon NN I-NP
ride NN I-NP
. . O

`` `` O
People NNS B-NP
these DT B-NP
days NNS I-NP
want VBP B-VP
something NN B-NP
else RB I-NP
to TO B-VP
do VB I-VP
besides IN B-PP
ski NN B-VP
and CC O
sit VB B-VP
in IN B-PP
the DT B-NP
bar NN I-NP
, , O
'' '' O
says VBZ B-VP
Don NNP B-NP
Borgeson NNP I-NP
, , O
executive JJ B-NP
director NN I-NP
of IN B-PP
Angel NNP B-NP
Fire NNP I-NP
, , O
N.M. NNP B-NP
's POS B-NP
Chamber NNP I-NP
of IN B-PP
Commerce NNP B-NP
. . O

The DT B-NP
ski NN I-NP
industry NN I-NP
hopes VBZ B-VP
to TO I-VP
increase VB I-VP
the DT B-NP
number NN I-NP
of IN B-PP
skiers NNS B-NP
by IN B-PP
3.5 CD B-NP
million CD I-NP
to TO B-PP
about IN B-NP
21.7 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
next JJ I-NP
five CD I-NP
years NNS I-NP
with IN B-PP
its PRP$ B-NP
latest JJS I-NP
ads NNS I-NP
and CC I-NP
promotions NNS I-NP
. . O

But CC O
some DT B-NP
think NN B-VP
that WDT B-NP
's VBZ B-VP
being VBG B-VP
overly RB B-ADJP
optimistic JJ I-ADJP
. . O

For IN B-PP
one CD B-NP
thing NN I-NP
, , O
it PRP B-NP
may MD B-VP
be VB I-VP
tough JJ B-ADJP
to TO B-VP
attract VB I-VP
people NNS B-NP
because IN B-SBAR
skiing NN B-NP
is VBZ B-VP
still RB B-ADVP
expensive JJ B-ADJP
: : O
a DT B-NP
lift NN I-NP
ticket NN I-NP
can MD B-VP
cost VB I-VP
up IN B-NP
to TO I-NP
$ $ I-NP
35 CD I-NP
a DT B-NP
day NN I-NP
and CC O
equipment NN B-NP
prices NNS I-NP
are VBP B-VP
rising VBG I-VP
. . O

And CC O
most RBS B-NP
vacationers NNS I-NP
still RB B-ADVP
prefer VBP B-VP
a DT B-NP
warm JJ I-NP
climate NN I-NP
for IN B-PP
their PRP$ B-NP
winter NN I-NP
excursions NNS I-NP
. . O

An DT B-NP
American NNP I-NP
Express NNP I-NP
Co. NNP I-NP
survey NN I-NP
of IN B-PP
its PRP$ B-NP
travel NN I-NP
agents NNS I-NP
revealed VBD B-VP
that IN B-SBAR
only RB B-NP
34 CD I-NP
% NN I-NP
believe VBP B-VP
their PRP$ B-NP
clients NNS I-NP
will MD B-VP
pick VB I-VP
a DT B-NP
trip NN I-NP
this DT B-NP
winter NN I-NP
based VBN B-PP
on IN B-PP
the DT B-NP
availability NN I-NP
of IN B-PP
winter NN B-NP
sports NNS I-NP
, , O
as IN B-SBAR
opposed VBN B-VP
to TO B-PP
69 CD B-NP
% NN I-NP
who WP B-NP
think VBP B-VP
that IN B-SBAR
warm-weather JJ B-NP
sports NNS I-NP
will MD B-VP
be VB I-VP
the DT B-NP
deciding VBG I-NP
factor NN I-NP
. . O

`` `` O
Even RB B-SBAR
if IN I-SBAR
they PRP B-NP
could MD B-VP
bring VB I-VP
in IN B-ADVP
that DT B-NP
many JJ I-NP
new JJ I-NP
skiers NNS I-NP
, , O
I PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
if IN B-SBAR
-LCB- ( O
the DT B-NP
industry NN I-NP
-RCB- ) O
could MD B-VP
handle VB I-VP
that DT B-NP
kind NN I-NP
of IN B-PP
an DT B-NP
increase NN I-NP
, , O
'' '' O
says VBZ B-VP
I. NNP B-NP
William NNP I-NP
Berry NNP I-NP
, , O
editor NN B-NP
and CC I-NP
publisher NN I-NP
of IN B-PP
the DT B-NP
Ski NNP I-NP
Industry NNP I-NP
Letter NNP I-NP
in IN B-PP
Katonah NNP B-NP
, , O
N.Y NNP B-NP
. . O

`` `` O
Most JJS B-NP
people NNS I-NP
will MD B-VP
come VB I-VP
on IN B-PP
the DT B-NP
weekend NN I-NP
, , O
the DT B-NP
slopes NNS I-NP
will MD B-VP
be VB I-VP
overcrowded JJ B-ADJP
and CC O
then RB B-ADVP
these DT B-NP
-LCB- ( I-NP
new JJ I-NP
skiers NNS I-NP
-RCB- ) O
wo MD B-VP
n't RB I-VP
come VB I-VP
back RB B-ADVP
. . O

They PRP B-NP
did VBD B-VP
n't RB I-VP
play VB I-VP
the DT B-NP
third JJ I-NP
game NN I-NP
of IN B-PP
the DT B-NP
World NNP I-NP
Series NNP I-NP
on IN B-PP
Tuesday NNP B-NP
night NN I-NP
as IN B-SBAR
scheduled VBN B-VP
, , O
and CC O
they PRP B-NP
did VBD B-VP
n't RB I-VP
play VB I-VP
it PRP B-NP
on IN B-PP
Wednesday NNP B-NP
or CC I-NP
Thursday NNP I-NP
either RB B-ADVP
. . O

But CC O
you PRP B-NP
knew VBD B-VP
that IN B-NP
, , O
did VBD O
n't RB O
you PRP B-NP
? . O

They PRP B-NP
are VBP B-VP
supposed VBN I-VP
to TO I-VP
play VB I-VP
the DT B-NP
game NN I-NP
next JJ B-NP
Tuesday NNP I-NP
, , O
in IN B-PP
Candlestick NNP B-NP
Park NNP I-NP
here RB B-ADVP
. . O

The DT B-NP
theory NN I-NP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
stadium NN I-NP
, , O
damaged VBN B-VP
by IN B-PP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
, , O
will MD B-VP
be VB I-VP
repaired VBN I-VP
by IN B-PP
then RB B-ADVP
, , O
and CC O
that IN B-SBAR
people NNS B-NP
will MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
get VB I-VP
there RB B-ADVP
. . O

Like IN B-PP
just RB B-ADVP
about IN I-ADVP
everything NN B-NP
else RB I-NP
, , O
that WDT B-NP
remains VBZ B-VP
to TO I-VP
be VB I-VP
seen VBN I-VP
. . O

Aftershocks NNS B-NP
could MD B-VP
intervene VB I-VP
. . O

But CC O
, , O
at IN B-PP
least JJS B-ADJP
, , O
the DT B-NP
law NN I-NP
of IN B-PP
averages NNS B-NP
should MD B-VP
have VB I-VP
swung VBN I-VP
to TO B-PP
the DT B-NP
favorable JJ I-NP
side NN I-NP
. . O

It PRP B-NP
may MD B-VP
seem VB I-VP
trivial JJ B-ADJP
to TO B-VP
worry VB I-VP
about IN B-PP
the DT B-NP
World NNP I-NP
Series NNP I-NP
amid IN B-PP
the DT B-NP
destruction NN I-NP
to TO B-PP
the DT B-NP
Bay NNP I-NP
Area NNP I-NP
wrought VBN B-VP
by IN B-PP
Tuesday NNP B-NP
's POS B-NP
quake NN I-NP
, , O
but CC O
the DT B-NP
name NN I-NP
of IN B-PP
this DT B-NP
column NN I-NP
is VBZ B-VP
`` `` O
On IN B-PP
Sports NNPS B-NP
, , O
'' '' O
so IN O
I PRP B-NP
feel VBP B-VP
obliged VBN B-ADJP
to TO B-VP
do VB I-VP
so RB B-ADVP
. . O

You PRP B-NP
might MD B-VP
be VB I-VP
interested JJ B-ADJP
to TO B-VP
know VB I-VP
that DT O
baseball NN B-NP
, , I-NP
not RB I-NP
survival NN I-NP
, , O
appeared VBD B-VP
to TO I-VP
be VB I-VP
the DT B-NP
first JJ I-NP
thought VBD I-NP
of IN B-PP
most RBS B-NP
of IN B-PP
the DT B-NP
crowd NN I-NP
of IN B-PP
60,000-odd JJ B-NP
that WDT B-NP
had VBD B-VP
gathered VBN I-VP
at IN B-PP
Candlestick NNP B-NP
at IN B-PP
5:04 CD B-NP
p.m. NN I-NP
Tuesday NNP B-NP
, , O
a DT B-NP
half-hour NN I-NP
before IN B-PP
game NN B-NP
time NN I-NP
, , O
when WRB B-ADVP
the DT B-NP
quake NN I-NP
struck VBD B-VP
. . O

As RB B-ADVP
soon RB I-ADVP
as IN B-SBAR
the DT B-NP
tremor NN I-NP
passed VBN B-VP
, , O
many JJ B-NP
people NNS I-NP
spontaneously RB B-ADVP
arose VBD B-VP
and CC I-VP
cheered VBD I-VP
, , O
as IN B-SBAR
though IN I-SBAR
it PRP B-NP
had VBD B-VP
been VBN I-VP
a DT B-NP
novel NN I-NP
kind NN I-NP
of IN B-PP
pre-game JJ B-NP
show NN I-NP
. . O

One CD B-NP
fan NN I-NP
, , O
seated VBN B-VP
several JJ B-NP
rows NNS I-NP
in IN B-PP
front NN B-NP
of IN B-PP
the DT B-NP
open NN I-NP
, , I-NP
upper-deck JJ I-NP
auxiliary JJ I-NP
press NN I-NP
section NN I-NP
where WRB B-ADVP
I PRP B-NP
was VBD B-VP
stationed VBN I-VP
, , O
faced VBD B-VP
the DT B-NP
assembled VBN I-NP
newsies NNS I-NP
and CC O
laughingly RB B-VP
shouted VBD I-VP
, , O
`` `` O
We PRP B-NP
arranged VBD B-VP
that IN B-NP
just RB B-ADVP
for IN B-PP
you PRP B-NP
guys NNS I-NP
! . O
'' '' O

I PRP B-NP
thought VBD B-VP
and CC O
, , O
I PRP B-NP
'm VBP B-VP
sure JJ B-ADJP
, , O
others NNS B-NP
did VBD B-VP
: : O
`` `` O
You PRP B-NP
should MD B-VP
n't RB I-VP
have VB I-VP
bothered VBN I-VP
. . O
'' '' O

I PRP B-NP
'd MD B-VP
slept VBD I-VP
through IN B-PP
my PRP$ B-NP
only RB I-NP
previous JJ I-NP
brush NN I-NP
with IN B-PP
natural JJ B-NP
disaster NN I-NP
, , O
a DT B-NP
tornado NN I-NP
15 CD B-NP
or CC I-NP
so RB I-NP
summers NNS I-NP
ago RB B-ADVP
near IN B-PP
Traverse NNP B-NP
City NNP I-NP
, , O
Mich. NNP B-NP
, , O
so IN O
I PRP B-NP
was VBD B-VP
unprepared JJ B-ADJP
for IN B-PP
one CD B-NP
reaction NN I-NP
to TO B-PP
such JJ B-NP
things NNS I-NP
: : O
the DT B-NP
urge NN I-NP
to TO B-VP
talk VB I-VP
about IN B-PP
them PRP B-NP
. . O

Perhaps RB B-ADVP
primed VBN B-VP
by IN B-PP
the DT B-NP
daily JJ I-NP
diet NN I-NP
of IN B-PP
radio NN B-NP
and CC I-NP
TV NN I-NP
reporters NNS I-NP
thrusting VBG B-VP
microphones NNS B-NP
into IN B-PP
people NNS B-NP
's POS B-NP
faces VBZ I-NP
and CC O
asking VBG B-VP
how WRB B-ADVP
they PRP B-NP
`` `` B-VP
feel VB I-VP
'' '' O
about IN B-PP
one CD B-NP
calamity NN I-NP
or CC O
another DT B-NP
, , O
fellow NN B-NP
reporters NNS I-NP
and CC O
civilians NNS B-NP
who WP B-NP
spied VBD B-VP
my PRP$ B-NP
press NN I-NP
credential NN I-NP
were VBD B-VP
eager JJ B-ADJP
to TO B-VP
chat VB I-VP
. . O

`` `` O
It PRP B-NP
felt VBD B-VP
like IN B-SBAR
I PRP B-NP
was VBD B-VP
on IN B-PP
a DT B-NP
station NN I-NP
platform NN I-NP
and CC O
a DT B-NP
train NN I-NP
went VBN B-VP
by IN B-ADVP
, , O
'' '' O
said VBD B-VP
one CD B-NP
man NN I-NP
, , O
describing VBG B-VP
my PRP$ B-NP
own JJ I-NP
reaction NN I-NP
. . O

A DT B-NP
women NNS I-NP
said VBD B-VP
she PRP B-NP
saw VBD B-VP
the DT B-NP
park NN I-NP
's POS B-NP
light NN I-NP
standards NNS I-NP
sway VBP B-VP
. . O

A DT B-NP
man NN I-NP
said VBD B-VP
he PRP B-NP
saw VBD B-VP
the DT B-NP
upper JJ I-NP
rim NN I-NP
undulate VB B-VP
. . O

I PRP B-NP
saw VBD B-VP
neither DT B-NP
. . O

Dictates NNS B-NP
of IN B-PP
good JJ B-NP
sense NN I-NP
to TO B-PP
the DT B-NP
contrary JJ I-NP
not RB B-ADVP
withstanding VBG I-ADVP
, , O
the DT B-NP
general JJ I-NP
inclination NN I-NP
was VBD B-VP
to TO B-VP
believe VB I-VP
that IN B-SBAR
the DT B-NP
disturbance NN I-NP
would MD B-VP
be VB I-VP
brief JJ B-ADJP
and CC O
that DT O
ball NN B-NP
would MD B-VP
be VB I-VP
played VBN I-VP
. . O

`` `` O
I PRP B-NP
was VBD B-VP
near IN B-PP
the DT B-NP
top NN I-NP
of IN B-PP
the DT B-NP
stadium NN I-NP
, , O
and CC O
saw VBD B-VP
a DT B-NP
steel NN I-NP
girder NN I-NP
bow NN B-VP
six CD B-NP
feet NNS I-NP
from IN B-PP
where WRB B-ADVP
I PRP B-NP
sat VBD B-VP
, , O
but CC O
I PRP B-NP
stayed VBD B-VP
put VBN O
for IN B-PP
10 CD B-NP
or CC I-NP
15 CD I-NP
minutes NNS I-NP
, , O
'' '' O
confessed VBD B-VP
a DT B-NP
friend NN I-NP
. . O

`` `` O
I PRP B-NP
guess VBP B-VP
I PRP B-NP
thought VBD B-VP
, , O
` `` O
This DT B-NP
is VBZ B-VP
the DT B-NP
World NNP I-NP
Series NNP I-NP
and CC O
I PRP B-NP
'm VBP B-VP
not RB I-VP
gon VBG I-VP
na TO I-VP
wimp VB I-VP
out IN B-PRT
! . O
' '' O
'' '' O

Here RB B-ADVP
in IN B-PP
the DT B-NP
Global NNP I-NP
Village NNP I-NP
, , O
though RB B-ADVP
, , O
folks NNS B-NP
do VBP B-VP
not RB I-VP
stay VB I-VP
uninformed JJ B-ADJP
for IN B-PP
long JJ B-ADVP
. . O

Electrical JJ B-NP
power NN I-NP
was VBD B-VP
out IN B-ADJP
in IN B-PP
still-daylighted JJ B-NP
Candlestick NNP I-NP
Park NNP I-NP
, , O
but CC O
battery-operated JJ B-NP
radios NNS I-NP
and CC I-NP
television NN I-NP
sets NNS I-NP
were VBD B-VP
plentiful JJ B-ADJP
. . O

Within IN B-PP
a DT B-NP
few JJ I-NP
minutes NNS I-NP
, , O
the DT B-NP
true JJ I-NP
extent NN I-NP
of IN B-PP
the DT B-NP
catastrophe NN I-NP
was VBD B-VP
becoming VBG I-VP
clear JJ B-ADJP
. . O

Its PRP$ B-NP
Richter NNP I-NP
Scale NNP I-NP
measurement NN I-NP
was VBD B-VP
reported VBN I-VP
as IN B-PP
6.5 CD B-NP
, , O
then RB B-ADVP
6.9 CD B-NP
, , O
then RB B-ADVP
7.0 CD B-NP
. . O

A DT B-NP
section NN I-NP
of IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
had VBD B-VP
collapsed VBN I-VP
, , O
as IN B-SBAR
had VBN O
a DT B-NP
part NN I-NP
of IN B-PP
Interstate NNP B-NP
Highway NNP I-NP
880 CD I-NP
in IN B-PP
Oakland NNP B-NP
. . O

People NNS B-NP
had VBD B-VP
died VBN I-VP
. . O

At IN B-PP
5:40 CD B-NP
p.m. NN I-NP
, , O
scheduled VBN B-NP
game NN I-NP
time NN I-NP
having VBG B-VP
passed VBN I-VP
, , O
some DT B-NP
fans NNS I-NP
chanted VBD B-VP
`` `` O
Let VB B-VP
's POS B-NP
Play NNP B-VP
Ball NNP B-NP
. . O
'' '' O

No RB B-ADVP
longer RB I-ADVP
innocent JJ B-ADJP
, , O
they PRP B-NP
qualified VBD B-VP
as IN B-PP
fools NNS B-NP
. . O

The DT B-NP
stadium NN I-NP
was VBD B-VP
ordered VBN I-VP
evacuated VBN I-VP
soon RB B-ADVP
afterward RB I-ADVP
; : O
the DT B-NP
announcement NN I-NP
, , O
made VBN B-VP
over IN B-PP
police NN B-NP
bullhorns NNS I-NP
, , O
cited VBD B-VP
the DT B-NP
power NN I-NP
outage NN I-NP
, , O
but CC O
it PRP B-NP
later RB B-ADVP
was VBD B-VP
revealed VBN I-VP
that IN B-SBAR
there EX B-NP
also RB B-ADVP
had VBD B-VP
been VBN I-VP
damage NN B-NP
of IN B-PP
the DT B-NP
sort NN I-NP
reported VBN B-VP
by IN B-PP
my PRP$ B-NP
friend NN I-NP
. . O

Outside IN B-ADVP
, , O
I PRP B-NP
spotted VBD B-VP
two CD B-NP
young JJ I-NP
men NNS I-NP
lugging VBG B-VP
blocks NNS B-NP
of IN B-PP
concrete NN B-NP
. . O

`` `` O
Pieces NNP B-NP
of IN B-PP
Candlestick NNP B-NP
, , O
'' '' O
they PRP B-NP
said VBD B-VP
. . O

The DT B-NP
crowd NN I-NP
remained VBD B-VP
good JJ B-ADJP
natured JJ I-ADJP
, , O
even RB B-ADJP
bemused JJ I-ADJP
. . O

TV NN B-NP
reporters NNS I-NP
interviewed VBD B-VP
fans NNS B-NP
in IN B-PP
the DT B-NP
parking NN I-NP
lots NNS I-NP
while IN O
, , O
a DT B-NP
few JJ I-NP
feet NNS I-NP
away RB B-ADVP
, , O
others NNS B-NP
watched VBD B-VP
the DT B-NP
interviews NNS I-NP
on IN B-PP
their PRP$ B-NP
portable JJ I-NP
TVs NNS I-NP
. . O

The DT B-NP
only JJ I-NP
frenzy NN I-NP
I PRP B-NP
saw VBD B-VP
was VBD B-VP
commercial JJ B-ADJP
: : O
Booths NNS B-NP
selling VBG B-VP
World NNP B-NP
Series NNP I-NP
commemorative JJ I-NP
stamps NNS I-NP
and CC I-NP
dated VBN I-NP
postmarks NNS I-NP
were VBD B-VP
besieged VBN I-VP
by IN B-PP
fledgling NN B-NP
speculators NNS I-NP
who WP B-NP
saw VBD B-VP
future NN B-NP
profit NN I-NP
in IN B-PP
the DT B-NP
items NNS I-NP
. . O

The DT B-NP
traffic NN I-NP
jam NN I-NP
out IN B-PP
of IN B-PP
the DT B-NP
park NN I-NP
was VBD B-VP
monumental JJ B-ADJP
. . O

It PRP B-NP
took VBD B-VP
me PRP B-NP
a DT B-NP
half-hour NN I-NP
to TO B-VP
move VB I-VP
10 CD B-NP
feet NNS I-NP
from IN B-PP
my PRP$ B-NP
parking NN I-NP
spot NN I-NP
in IN B-PP
an DT B-NP
outer JJ I-NP
lot NN I-NP
to TO B-PP
an DT B-NP
aisle NN I-NP
, , O
and CC O
an DT B-NP
additional JJ I-NP
hour NN I-NP
to TO B-VP
reach VB I-VP
an DT B-NP
inner JJ I-NP
roadway NN I-NP
a DT B-NP
half-block NN I-NP
away RB B-ADVP
. . O

The DT B-NP
six-mile JJ I-NP
trip NN I-NP
to TO B-PP
my PRP$ B-NP
airport NN I-NP
hotel NN I-NP
that WDT B-NP
had VBD B-VP
taken VBN I-VP
20 CD B-NP
minutes NNS I-NP
earlier RBR B-ADVP
in IN B-PP
the DT B-NP
day NN I-NP
took VBD B-VP
more JJR B-NP
than IN I-NP
three CD I-NP
hours NNS I-NP
. . O

At IN B-PP
my PRP$ B-NP
hotel NN I-NP
, , O
the DT B-NP
Westin NNP I-NP
, , O
power NN B-NP
was VBD B-VP
out IN B-ADJP
, , O
some DT B-NP
interior JJ I-NP
plaster NN I-NP
had VBD B-VP
broken VBN I-VP
loose JJ B-ADJP
and CC O
there EX B-NP
had VBD B-VP
been VBN I-VP
water NN B-NP
damage NN I-NP
, , O
but CC O
little JJ B-NP
else RB I-NP
. . O

With IN B-PP
Garpian JJ B-NP
randomness NN I-NP
, , O
a DT B-NP
hotel NN I-NP
across IN B-PP
the DT B-NP
street NN I-NP
, , O
the DT B-NP
Amfac NNP I-NP
, , O
had VBD B-VP
been VBN I-VP
hit VBN I-VP
harder JJR B-ADVP
: : O
A DT B-NP
large JJ I-NP
sheet NN I-NP
of IN B-PP
its PRP$ B-NP
concrete JJ I-NP
facade NN I-NP
and CC O
several JJ B-NP
window NN I-NP
balconies NNS I-NP
were VBD B-VP
torn VBN I-VP
away RB B-ADVP
. . O

The DT B-NP
Westin NNP I-NP
staff NN I-NP
had VBD B-VP
, , O
kindly RB B-ADVP
, , O
set VBN B-VP
out RP B-PRT
lighted VBN B-NP
candles NNS I-NP
in IN B-PP
the DT B-NP
ballroom NN I-NP
, , O
prepared VBD B-VP
a DT B-NP
cold-cuts NNS B-NP
buffet VBP I-NP
and CC O
passed VBN B-VP
around IN B-PRT
pillows NNS B-NP
and CC I-NP
blankets NNS I-NP
. . O

I PRP B-NP
fell VBD B-VP
asleep RB B-ADJP
on IN B-PP
the DT B-NP
lobby NN I-NP
floor NN I-NP
, , O
next JJ B-ADVP
to TO B-PP
a DT B-NP
man NN I-NP
wearing VBG B-VP
a DT B-NP
Chicago NNP I-NP
Cubs NNPS I-NP
jacket NN I-NP
. . O

I PRP B-NP
expected VBD B-VP
him PRP B-NP
to TO B-VP
say VB I-VP
, , O
`` `` O
I PRP B-NP
told VBD B-VP
you PRP B-NP
so RB B-ADVP
, , O
'' '' O
but CC O
he PRP B-NP
already RB B-ADVP
was VBD B-VP
snoring VBG I-VP
. . O

The DT B-NP
journalistic JJ I-NP
consensus NN I-NP
was VBD B-VP
that IN B-SBAR
the DT B-NP
earthquake NN I-NP
made VBD B-VP
the DT B-NP
World NNP I-NP
Series NNP I-NP
seem VB B-VP
unimportant JJ B-ADJP
. . O

My PRP$ B-NP
response NN I-NP
was VBD B-VP
that IN B-SBAR
sports NNS B-NP
rarely RB B-ADVP
are VBP B-VP
important JJ B-ADJP
, , B-ADJP
only RB I-ADJP
diverting VBG B-ADJP
, , O
and CC O
the DT B-NP
quake NN I-NP
merely RB B-ADVP
highlighted VBD B-VP
that DT B-NP
fact NN I-NP
. . O

Should MD O
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
Series NNP I-NP
be VB B-VP
played VBN I-VP
at IN B-ADVP
all DT I-ADVP
? . O

Sure RB B-INTJ
. . O

The DT B-NP
quake NN I-NP
and CC I-NP
baseball NN I-NP
were VBD B-VP
n't RB I-VP
related VBN I-VP
, , O
unlike IN B-PP
the DT B-NP
massacre NN I-NP
of IN B-PP
athletes NNS B-NP
that WDT B-NP
attended VBD B-VP
the DT B-NP
1972 CD I-NP
Olympics NNPS I-NP
. . O

That DT B-NP
heavily RB I-NP
politicized VBN I-NP
event NN I-NP
learned VBD B-VP
nothing NN B-NP
from IN B-PP
the DT B-NP
horrifying JJ I-NP
experience NN I-NP
, , O
and CC O
seems VBZ B-VP
doomed VBN B-ADJP
to TO B-VP
repeat VB I-VP
it PRP B-NP
. . O

Two CD B-NP
ironies NNS I-NP
intrude VBP B-VP
. . O

This DT B-NP
has VBZ B-VP
been VBN I-VP
widely RB I-VP
dubbed VBN I-VP
the DT B-NP
BART NNP I-NP
Series NNP I-NP
, , O
after IN B-PP
the DT B-NP
local JJ I-NP
subway NN I-NP
line NN I-NP
, , O
and CC O
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
Series NNP I-NP
. . O

Flags NNS B-NP
fly VBP B-VP
at IN B-PP
half-staff JJ B-NP
for IN B-PP
the DT B-NP
death NN I-NP
of IN B-PP
Bart NNP B-NP
Giamatti NNP I-NP
, , O
the DT B-NP
late JJ I-NP
baseball NN I-NP
commissioner NN I-NP
, , O
and CC O
now RB B-ADVP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
lies VBZ B-VP
in IN B-PP
ruins NNS B-NP
. . O

A DT B-NP
Series NNP I-NP
that WDT B-NP
was VBD B-VP
shaping VBG I-VP
up IN B-PRT
as IN B-PP
the DT B-NP
dullest JJS I-NP
since IN B-PP
the DT B-NP
one-sided JJ I-NP
Detroit-over-San JJ I-NP
Diego NNP I-NP
go VB I-NP
of IN B-PP
1984 CD B-NP
has VBZ B-VP
become VBN I-VP
memorable JJ B-ADJP
in IN B-PP
the DT B-NP
least JJS I-NP
fortunate JJ I-NP
way NN I-NP
. . O

Still RB B-ADVP
, , O
its PRP$ B-NP
edge NN I-NP
is VBZ B-VP
lost VBN I-VP
. . O

It PRP B-NP
now RB B-ADVP
will MD B-VP
be VB I-VP
played VBN I-VP
mostly RB B-ADVP
for IN B-PP
the DT B-NP
record NN I-NP
, , O
and CC O
should MD B-VP
be VB I-VP
wrapped VBN I-VP
up IN B-PRT
as RB B-ADVP
quickly RB I-ADVP
as IN B-PP
possible JJ B-ADJP
, , O
without IN B-PP
`` `` B-NP
off IN I-NP
'' '' I-NP
days NNS I-NP
. . O

And CC O
I PRP B-NP
will MD B-VP
never RB I-VP
again RB I-VP
complain VB I-VP
about IN B-PP
a DT B-NP
rainout NN I-NP
. . O

The DT B-NP
disarray NN I-NP
in IN B-PP
the DT B-NP
junk-bond NN I-NP
market NN I-NP
that WDT B-NP
began VBD B-VP
last JJ B-NP
month NN I-NP
with IN B-PP
a DT B-NP
credit NN I-NP
crunch NN I-NP
at IN B-PP
Campeau NNP B-NP
Corp. NNP I-NP
has VBZ B-VP
offered VBN I-VP
commercial JJ B-NP
banks NNS I-NP
a DT B-NP
golden JJ I-NP
opportunity NN I-NP
to TO B-VP
play VB I-VP
a DT B-NP
greater JJR I-NP
role NN I-NP
in IN B-PP
financing VBG B-VP
billion-dollar JJ B-NP
takeovers NNS I-NP
. . O

But CC O
two CD B-NP
big JJ I-NP
New NNP I-NP
York NNP I-NP
banks NNS I-NP
seem VBP B-VP
to TO I-VP
have VB I-VP
kicked VBN I-VP
those DT B-NP
chances NNS I-NP
away RB B-ADVP
, , O
for IN B-PP
the DT B-NP
moment NN I-NP
, , O
with IN B-PP
the DT B-NP
embarrassing JJ I-NP
failure NN I-NP
of IN B-PP
Citicorp NNP B-NP
and CC O
Chase NNP B-NP
Manhattan NNP I-NP
Corp. NNP I-NP
to TO B-VP
deliver VB I-VP
$ $ B-NP
7.2 CD I-NP
billion CD I-NP
in IN B-PP
bank NN B-NP
financing NN I-NP
for IN B-PP
a DT B-NP
leveraged JJ I-NP
buy-out NN I-NP
of IN B-PP
United NNP B-NP
Airlines NNPS I-NP
parent NN I-NP
UAL NNP I-NP
Corp NNP I-NP
. . O

For IN B-PP
more JJR B-NP
than IN I-NP
a DT I-NP
decade NN I-NP
, , O
banks NNS B-NP
have VBP B-VP
been VBN I-VP
pressing VBG I-VP
Congress NNP B-NP
and CC O
banking NN B-NP
regulators NNS I-NP
for IN B-PP
expanded VBN B-NP
powers NNS I-NP
to TO B-VP
act VB I-VP
like IN B-PP
securities NNS B-NP
firms NNS I-NP
in IN B-PP
playing VBG B-VP
Wall NNP B-NP
Street NNP I-NP
's POS B-NP
lucrative JJ I-NP
takeover NN I-NP
game NN I-NP
, , O
from IN B-PP
giving VBG B-VP
mergers NNS B-NP
advice NN B-NP
all PDT B-NP
the DT I-NP
way NN I-NP
to TO B-PP
selling VBG B-VP
and CC I-VP
trading NN I-VP
high-yield JJ B-NP
junk NN I-NP
bonds NNS I-NP
. . O

Those DT B-NP
expanded VBN I-NP
powers NNS I-NP
reached VBD B-VP
their PRP$ B-NP
zenith NN I-NP
in IN B-PP
July NNP B-NP
when WRB B-ADVP
Bankers NNP B-NP
Trust NNP I-NP
New NNP I-NP
York NNP I-NP
Corp. NNP I-NP
provided VBD B-VP
mergers NNS B-NP
advice NN I-NP
, , O
an DT B-NP
equity NN I-NP
investment NN I-NP
and CC O
bank NN B-NP
loans NNS I-NP
for IN B-PP
the DT B-NP
$ $ I-NP
3.65 CD I-NP
billion CD I-NP
leveraged JJ I-NP
buy-out NN I-NP
of IN B-PP
Northwest NNP B-NP
Airlines NNPS I-NP
parent NN I-NP
NWA NNP I-NP
Inc NNP I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
major JJ I-NP
selling NN I-NP
points NNS I-NP
used VBN B-VP
by IN B-PP
Los NNP B-NP
Angeles NNP I-NP
financier NN I-NP
Alfred NNP I-NP
Checchi NNP I-NP
in IN B-PP
getting VBG B-VP
the DT B-NP
takeover NN I-NP
approved VBD B-VP
was VBD B-VP
that IN B-SBAR
the DT B-NP
deal NN I-NP
did VBD B-VP
n't RB I-VP
include VB I-VP
any DT B-NP
junk NN I-NP
bonds NNS I-NP
. . O

That DT B-NP
was VBD B-VP
seen VBN I-VP
as IN B-PP
an DT B-NP
advantage NN I-NP
in IN B-PP
lobbying VBG B-VP
airline NN B-NP
employees NNS I-NP
and CC O
Washington NNP B-NP
regulators NNS I-NP
for IN B-PP
approval NN B-NP
of IN B-PP
the DT B-NP
contested VBN I-NP
takeover NN I-NP
. . O

All DT B-NP
$ $ I-NP
3.35 CD I-NP
billion CD I-NP
in IN B-PP
debt NN B-NP
for IN B-PP
the DT B-NP
deal NN I-NP
was VBD B-VP
supplied VBN I-VP
by IN B-PP
banks NNS B-NP
. . O

Charles NNP B-NP
Nathan NNP I-NP
, , O
co-head NN B-NP
of IN B-PP
mergers NNS B-NP
and CC I-NP
acquisitions NNS I-NP
at IN B-PP
Salomon NNP B-NP
Brothers NNP I-NP
Inc. NNP I-NP
, , O
says VBZ B-VP
it PRP B-NP
is VBZ B-VP
natural JJ B-ADJP
for IN B-SBAR
banks NNS B-NP
to TO B-VP
try VB I-VP
to TO I-VP
expand VB I-VP
beyond IN B-PP
their PRP$ B-NP
bread-and-butter JJ I-NP
business NN I-NP
of IN B-PP
providing VBG B-VP
senior JJ B-NP
debt NN I-NP
for IN B-PP
buy-outs NNS B-NP
. . O

But CC O
the DT B-NP
UAL NNP I-NP
collapse NN I-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
may MD B-VP
tell VB I-VP
you PRP B-NP
it PRP B-NP
's VBZ B-VP
not RB I-VP
going VBG I-VP
to TO I-VP
work VB I-VP
that IN B-ADVP
easily RB I-ADVP
. . O
'' '' O

David NNP B-NP
Batchelder NNP I-NP
, , O
a DT B-NP
mergers NNS I-NP
adviser NN I-NP
in IN B-PP
La NNP B-NP
Jolla NNP I-NP
, , O
Calif. NNP B-NP
, , O
who WP B-NP
aided VBD B-VP
Los NNP B-NP
Angeles NNP I-NP
investor NN I-NP
Marvin NNP I-NP
Davis NNP I-NP
on IN B-PP
the DT B-NP
bids NNS I-NP
which WDT B-NP
put VBP B-VP
both DT B-NP
UAL NNP I-NP
and CC I-NP
NWA NNP I-NP
in IN B-PP
play NN B-NP
as IN B-PP
takeover NN B-NP
candidates NNS I-NP
this DT B-NP
year NN I-NP
, , O
says VBZ B-VP
that IN B-SBAR
banks NNS B-NP
have VBP B-VP
been VBN I-VP
`` `` O
preparing VBG B-VP
to TO I-VP
play VB I-VP
a DT B-NP
larger JJR I-NP
and CC I-NP
larger JJR I-NP
role NN I-NP
in IN B-PP
acquisition NN B-NP
financing NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Batchelder NNP I-NP
says VBZ B-VP
that IN B-SBAR
in IN B-PP
the DT B-NP
past NN I-NP
, , O
banks NNS B-NP
would MD B-VP
normally RB I-VP
have VB I-VP
loaned VBN I-VP
65 CD B-NP
% NN I-NP
of IN B-PP
a DT B-NP
total JJ I-NP
buy-out NN I-NP
price NN I-NP
, , O
with IN B-SBAR
the DT B-NP
loans NNS I-NP
secured VBN B-VP
by IN B-PP
the DT B-NP
target NN I-NP
company NN I-NP
's POS B-NP
assets NNS I-NP
. . O

Another DT B-NP
20 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
borrowed VBN I-NP
funds NNS I-NP
would MD B-VP
come VB I-VP
from IN B-PP
the DT B-NP
sale NN I-NP
to TO B-PP
investors NNS B-NP
of IN B-PP
junk NN B-NP
bonds NNS I-NP
, , O
which WDT B-NP
offer VBP B-VP
less JJR B-NP
security NN I-NP
and CC O
typically RB B-VP
carry VB I-VP
higher JJR B-NP
yields NNS I-NP
than IN B-PP
bank NN B-NP
loans NNS I-NP
. . O

Mr. NNP B-NP
Checchi NNP I-NP
's POS B-NP
purchase NN I-NP
of IN B-PP
NWA NNP B-NP
, , O
Mr. NNP B-NP
Batchelder NNP I-NP
notes VBZ B-VP
, , O
`` `` O
was VBD B-VP
probably RB B-ADVP
the DT B-NP
most RBS I-NP
aggressive JJ I-NP
to TO B-PP
date VB B-NP
, , O
'' '' O
with IN B-PP
bank NN B-NP
debt NN I-NP
at IN B-PP
85 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
purchase NN I-NP
price NN I-NP
. . O

But CC O
Mr. NNP B-NP
Batchelder NNP I-NP
says VBZ B-VP
that IN B-SBAR
Citicorp NNP B-NP
's POS B-NP
`` `` I-NP
failure NN I-NP
to TO B-VP
deliver VB I-VP
'' '' O
on IN B-PP
its PRP$ B-NP
promise NN I-NP
to TO B-VP
raise VB I-VP
the DT B-NP
UAL NNP I-NP
bank NN I-NP
debt NN I-NP
for IN B-PP
a DT B-NP
labor-management JJ I-NP
buy-out NN I-NP
group NN I-NP
`` `` O
is VBZ B-VP
very RB B-ADJP
distressing JJ I-ADJP
to TO B-PP
potential JJ B-NP
users NNS I-NP
of IN B-PP
a DT B-NP
` `` I-NP
highly-confident JJ I-NP
' '' I-NP
letter NN I-NP
from IN B-PP
commercial JJ B-NP
banks NNS I-NP
. . O
'' '' O

His PRP$ B-NP
client NN I-NP
, , O
Mr. NNP B-NP
Davis NNP I-NP
, , O
used VBD B-VP
just RB B-ADVP
such JJ B-NP
a DT I-NP
letter NN I-NP
from IN B-PP
Citicorp NNP B-NP
in IN B-PP
pursuing VBG B-VP
UAL NNP B-NP
; : O
Citicorp NNP B-NP
later RB B-ADVP
agreed VBD B-VP
to TO I-VP
work VB I-VP
with IN B-PP
a DT B-NP
competing VBG I-NP
UAL NNP I-NP
buy-out NN I-NP
group NN I-NP
. . O

Executives NNS B-NP
of IN B-PP
Citicorp NNP B-NP
and CC O
Chase NNP B-NP
Manhattan NNP I-NP
declined VBD B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
either DT I-PP
the DT B-NP
UAL NNP I-NP
situation NN I-NP
, , B-PP
or CC I-PP
on IN B-PP
the DT B-NP
changing VBG I-NP
nature NN I-NP
of IN B-PP
banks NNS B-NP
' POS B-NP
role NN I-NP
in IN B-PP
financing NN B-VP
takeovers NNS B-NP
. . O

In IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
Campeau NNP B-NP
's POS B-NP
problems NNS I-NP
, , O
prices VBZ B-NP
of IN B-PP
junk NN B-NP
bonds NNS I-NP
tumbled VBD B-VP
, , O
throwing VBG B-VP
into IN B-PP
doubt NN B-NP
the DT B-NP
ability NN I-NP
of IN B-PP
corporate JJ B-NP
acquirers NNS I-NP
to TO B-VP
finance VB I-VP
large JJ B-NP
takeovers NNS I-NP
with IN B-PP
the DT B-NP
help NN I-NP
of IN B-PP
junk NN B-NP
bond NN I-NP
sales NNS I-NP
. . O

Mark NNP B-NP
Solow NNP I-NP
, , O
senior JJ B-NP
managing NN I-NP
director NN I-NP
at IN B-PP
Manufacturers NNP B-NP
Hanover NNP I-NP
Trust NNP I-NP
Co. NNP I-NP
, , O
says VBZ B-VP
the DT B-NP
falloff NN I-NP
in IN B-PP
junk NN B-NP
bonds NNS I-NP
may MD B-VP
yet RB I-VP
open JJ I-VP
new JJ B-NP
business NN I-NP
opportunities NNS I-NP
to TO B-PP
banks NNS B-NP
in IN B-PP
structuring VBG B-VP
takeovers NNS B-NP
. . O

But CC O
he PRP B-NP
warns VBZ B-VP
that IN B-SBAR
banks NNS B-NP
will MD B-VP
have VB I-VP
`` `` O
to TO B-VP
have VB I-VP
enough JJ B-NP
discipline NN I-NP
'' '' O
not RB O
to TO B-VP
make VB I-VP
loans NNS B-NP
that WDT B-NP
are VBP B-VP
too RB B-ADJP
risky JJ I-ADJP
. . O

In IN B-PP
fact NN B-NP
, , O
Manufacturers NNP B-NP
Hanover NNP I-NP
said VBD B-VP
in IN B-PP
its PRP$ B-NP
third-quarter JJ I-NP
earnings NNS I-NP
report NN I-NP
that IN B-SBAR
fees NNS B-NP
from IN B-PP
syndicating VBG B-VP
loans NNS B-NP
to TO B-PP
other JJ B-NP
banks NNS I-NP
dropped VBD B-VP
48 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
21 CD I-NP
million CD I-NP
. . O

`` `` O
We PRP B-NP
did VBD B-VP
n't RB I-VP
take VB I-VP
part NN B-NP
in IN B-PP
a DT B-NP
lot NN I-NP
of IN B-PP
deals NNS B-NP
because IN B-SBAR
their PRP$ B-NP
credit NN I-NP
quality NN I-NP
was VBD B-VP
poor JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
bank NN I-NP
spokesman NN I-NP
. . O

James NNP B-NP
B. NNP I-NP
Lee NNP I-NP
, , O
head NN B-NP
of IN B-PP
syndications NNS B-NP
and CC O
private JJ B-NP
placements NNS I-NP
at IN B-PP
Chemical NNP B-NP
Banking NNP I-NP
Corp. NNP I-NP
, , O
said VBD B-VP
he PRP B-NP
believes VBZ B-VP
banks NNS B-NP
can MD B-VP
still RB I-VP
make VB I-VP
a DT B-NP
credible JJ I-NP
offer NN I-NP
of IN B-PP
one-stop JJ B-NP
shopping NN I-NP
for IN B-PP
takeover NN B-NP
finance NN I-NP
. . O

As IN B-PP
evidence NN B-NP
, , O
he PRP B-NP
cites VBZ B-VP
yesterday NN B-NP
's POS B-NP
arrangement NN I-NP
for IN B-PP
the DT B-NP
final JJ I-NP
financing NN I-NP
of IN B-PP
a DT B-NP
$ $ I-NP
3 CD I-NP
billion CD I-NP
bid NN I-NP
for IN B-PP
American NNP B-NP
Medical NNP I-NP
International NNP I-NP
Inc. NNP I-NP
in IN B-PP
which WDT B-NP
Chemical NNP B-NP
served VBD B-VP
as IN B-PP
both DT B-NP
the DT B-NP
lead NN I-NP
bank NN I-NP
and CC O
an DT B-NP
equity NN I-NP
investor NN I-NP
. . O

Beyond IN B-PP
the DT B-NP
current JJ I-NP
weakness NN I-NP
in IN B-PP
the DT B-NP
junk NN I-NP
bond NN I-NP
market NN I-NP
, , O
banks NNS B-NP
have VBP B-VP
another DT B-NP
advantage NN I-NP
over IN B-PP
investment NN B-NP
banks NNS I-NP
in IN B-PP
financing NN B-VP
contested VBD B-NP
takeovers NNS I-NP
. . O

Arthur NNP B-NP
Fleischer NNP I-NP
Jr. NNP I-NP
, , O
a DT B-NP
takeover NN I-NP
lawyer NN I-NP
at IN B-PP
Fried NNP B-NP
Frank NNP I-NP
Harris NNP I-NP
Shriver NNP I-NP
& CC I-NP
Jacobson NNP I-NP
, , O
notes VBZ B-VP
that IN B-SBAR
`` `` O
a DT B-NP
political JJ I-NP
and CC I-NP
emotional JJ I-NP
bias NN I-NP
'' '' O
has VBZ B-VP
developed VBN I-VP
against IN B-PP
junk NN B-NP
bonds NNS I-NP
. . O

One CD B-NP
hostile JJ I-NP
bidder NN I-NP
who WP B-NP
deliberately RB B-ADVP
avoided VBN B-VP
using VBG I-VP
junk NN B-NP
bonds NNS I-NP
was VBD B-VP
Paramount NNP B-NP
Communications NNP I-NP
Inc. NNP I-NP
in IN B-PP
its PRP$ B-NP
initial JJ I-NP
offer NN I-NP
to TO B-VP
acquire VB I-VP
Time NNP B-NP
Inc. NNP I-NP
for IN B-PP
$ $ B-NP
10.7 CD I-NP
billion CD I-NP
, , O
or CC O
$ $ B-NP
175 CD I-NP
a DT B-NP
share NN I-NP
. . O

A DT B-NP
Paramount NNP I-NP
spokesman NN I-NP
says VBZ B-VP
that DT B-NP
decision NN I-NP
was VBD B-VP
based VBN I-VP
on IN B-PP
the DT B-NP
financial JJ I-NP
, , I-NP
not RB I-NP
political JJ I-NP
, , I-NP
drawbacks NNS I-NP
of IN B-PP
junk NN B-NP
bonds NNS I-NP
. . O

But CC O
some DT B-NP
observers NNS I-NP
believe VBP B-VP
Paramount NNP B-NP
Chairman NNP I-NP
Martin NNP I-NP
Davis NNP I-NP
wanted VBD B-VP
to TO I-VP
avoid VB I-VP
the DT B-NP
possible JJ I-NP
taint NN I-NP
of IN B-PP
being VBG B-VP
perceived VBN I-VP
as IN B-PP
a DT B-NP
corporate JJ I-NP
raider NN I-NP
in IN B-PP
his PRP$ B-NP
controversial JJ I-NP
bid NN I-NP
for IN B-PP
Time NNP B-NP
. . O

In IN B-PP
the DT B-NP
end NN I-NP
, , O
Mr. NNP B-NP
Davis NNP I-NP
used VBD B-VP
junk NN B-NP
bonds NNS I-NP
so RB B-SBAR
that IN I-SBAR
he PRP B-NP
could MD B-VP
raise VB I-VP
Paramount NNP B-NP
's POS B-NP
bid NN I-NP
to TO B-PP
$ $ B-NP
200 CD I-NP
a DT B-NP
share NN I-NP
. . O

Some DT B-NP
Monday-morning JJ I-NP
quarterbacks NNS I-NP
said VBD B-VP
the DT B-NP
initial JJ I-NP
lower JJR I-NP
bid NN I-NP
, , O
without IN B-PP
junk NN B-NP
bonds NNS I-NP
, , O
was VBD B-VP
a DT B-NP
factor NN I-NP
in IN B-PP
his PRP$ B-NP
losing NN B-VP
the DT B-NP
company NN I-NP
. . O

Time NNP B-NP
eluded VBD B-VP
Paramount NNP B-NP
by IN B-PP
acquiring VBG B-VP
Warner NNP B-NP
Communications NNP I-NP
Inc NNP I-NP
. . O

The DT B-NP
success NN I-NP
of IN B-PP
the DT B-NP
NWA NNP I-NP
financing NN I-NP
, , O
and CC O
the DT B-NP
failure NN I-NP
of IN B-PP
the DT B-NP
UAL NNP I-NP
deal NN I-NP
, , O
also RB B-ADVP
seem VB B-VP
to TO I-VP
highlight VB I-VP
the DT B-NP
important JJ I-NP
new JJ I-NP
role NN I-NP
in IN B-PP
takeover NN B-NP
financing NN I-NP
being VBG B-VP
played VBN I-VP
by IN B-PP
Japanese JJ B-NP
banks NNS I-NP
. . O

Japanese JJ B-NP
banks NNS I-NP
accounted VBD B-VP
for IN B-PP
50 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
NWA NNP I-NP
bank NN I-NP
debt NN I-NP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
report NN I-NP
by IN B-PP
Transportation NNP B-NP
Secretary NNP I-NP
Samuel NNP I-NP
Skinner NNP I-NP
. . O

But CC O
it PRP B-NP
was VBD B-VP
broad-scale JJ B-NP
rejection NN I-NP
by IN B-PP
Japanese JJ B-NP
banks NNS I-NP
that WDT B-NP
helped VBD B-VP
seal NN I-VP
the DT B-NP
fate NN I-NP
of IN B-PP
the DT B-NP
attempt NN I-NP
to TO B-VP
buy VB I-VP
UAL NNP B-NP
. . O

Citicorp NNP B-NP
and CC I-NP
Chase NNP I-NP
are VBP B-VP
attempting VBG I-VP
to TO I-VP
put VB I-VP
together RB B-PRT
a DT B-NP
new JJ I-NP
, , I-NP
lower JJR I-NP
bid NN I-NP
. . O

Takanori NNP B-NP
Mizuno NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
of IN B-PP
the DT B-NP
Institute NNP I-NP
for IN B-PP
Financial NNP B-NP
Affairs NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
Tokyo NNP I-NP
research NN I-NP
center NN I-NP
on IN B-PP
finance NN B-NP
and CC I-NP
economics NNS I-NP
, , O
says VBZ B-VP
, , O
`` `` O
The DT B-NP
junk NN I-NP
bond NN I-NP
market NN I-NP
became VBD B-VP
very RB B-ADJP
jittery JJ I-ADJP
, , O
and CC O
there EX B-NP
's VBZ B-VP
a DT B-NP
fear NN I-NP
of IN B-PP
a DT B-NP
coming VBG I-NP
recession NN I-NP
and CC O
the DT B-NP
possible JJ I-NP
bankruptcy NN I-NP
of IN B-PP
LBO NNP B-NP
companies NNS I-NP
. . O

Harley-Davidson NNP B-NP
Inc. NNP I-NP
filed VBD B-VP
suit NN B-NP
in IN B-PP
federal JJ B-NP
court NN I-NP
here RB B-ADVP
, , O
alleging VBG B-VP
that IN B-SBAR
a DT B-NP
group NN I-NP
that WDT B-NP
holds VBZ B-VP
6.2 CD B-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
stock NN I-NP
made VBN B-VP
`` `` B-NP
false JJ I-NP
, , I-NP
deceptive JJ I-NP
and CC I-NP
misleading JJ I-NP
'' '' I-NP
statements NNS I-NP
in IN B-PP
recent JJ B-NP
regulatory JJ I-NP
filings NNS I-NP
and CC I-NP
public JJ I-NP
announcements NNS I-NP
. . O

Harley-Davidson NNP B-NP
's POS B-NP
complaint NN I-NP
claims NNS B-VP
that IN B-SBAR
the DT B-NP
group NN I-NP
, , O
led VBN B-VP
by IN B-PP
investor NN B-NP
Malcolm NNP I-NP
I. NNP I-NP
Glazer NNP I-NP
, , O
violated VBD B-VP
securities NNS B-NP
laws NNS I-NP
by IN B-PP
failing VBG B-VP
to TO I-VP
disclose VB I-VP
plans NNS B-NP
to TO B-VP
purchase VB I-VP
15 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
shares NNS I-NP
outstanding JJ B-ADJP
and CC O
that IN B-SBAR
when WRB B-ADVP
the DT B-NP
required VBN I-NP
Hart-Scott-Rodino NNP I-NP
filing NN I-NP
eventually RB B-ADVP
was VBD B-VP
made VBN I-VP
, , O
it PRP B-NP
did VBD B-VP
n't RB I-VP
disclose VB I-VP
the DT B-NP
group NN I-NP
's POS B-NP
alleged VBN I-NP
earlier JJR I-NP
violation NN I-NP
of IN B-PP
the DT B-NP
so-called JJ I-NP
prior-notice JJ I-NP
requirements NNS I-NP
of IN B-PP
the DT B-NP
law NN I-NP
. . O

Mr. NNP B-NP
Glazer NNP I-NP
could MD B-VP
n't RB I-VP
immediately RB I-VP
be VB I-VP
reached VBN I-VP
to TO B-VP
comment VB I-VP
. . O

But CC O
when WRB B-ADVP
Harley NNP B-NP
last JJ B-NP
week NN I-NP
publicly RB B-ADVP
questioned VBD B-VP
the DT B-NP
legality NN I-NP
of IN B-PP
the DT B-NP
group NN I-NP
's POS B-NP
filing NN I-NP
procedures NNS I-NP
, , O
the DT B-NP
Rochester NNP I-NP
, , I-NP
N.Y. NNP I-NP
, , I-NP
investor NN I-NP
said VBD B-VP
`` `` O
we PRP B-NP
complied VBD B-VP
with IN B-PP
every DT B-NP
law NN I-NP
, , O
'' '' O
and CC O
he PRP B-NP
denied VBD B-VP
any DT B-NP
wrongdoing NN I-NP
. . O

The DT B-NP
Glazer NNP I-NP
group NN I-NP
said VBD B-VP
in IN B-PP
a DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
filing NN I-NP
in IN B-PP
early JJ B-NP
October NNP I-NP
that IN B-SBAR
it PRP B-NP
may MD B-VP
seek VB I-VP
a DT B-NP
controlling VBG I-NP
interest NN I-NP
in IN B-PP
Harley-Davidson NNP B-NP
, , O
or CC O
seek VB B-VP
representation NN B-NP
on IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
board NN I-NP
. . O

Harley NNP B-NP
has VBZ B-VP
said VBD I-VP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
intend VB I-VP
to TO I-VP
be VB I-VP
acquired VBN I-VP
by IN B-PP
the DT B-NP
Glazer NNP I-NP
group NN I-NP
or CC O
any DT B-NP
other JJ I-NP
party NN I-NP
. . O

Inland NNP B-NP
Steel NNP I-NP
Industries NNP I-NP
Inc. NNP I-NP
, , O
battered VBN B-VP
by IN B-PP
lower JJR B-NP
volume NN I-NP
and CC O
higher JJR B-NP
costs NNS I-NP
, , O
posted VBD B-VP
a DT B-NP
75 CD I-NP
% NN I-NP
drop NN I-NP
in IN B-PP
third-quarter JJ B-NP
earnings NNS I-NP
. . O

The DT B-NP
nation NN I-NP
's POS B-NP
fourth-largest JJ I-NP
steelmaker NN I-NP
earned VBD B-VP
$ $ B-NP
18.3 CD I-NP
million CD I-NP
, , O
or CC O
43 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
61 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.70 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
when WRB B-ADVP
the DT B-NP
industry NN I-NP
was VBD B-VP
enjoying VBG I-VP
peak NN B-NP
demand NN I-NP
and CC O
strong JJ B-NP
pricing NN I-NP
. . O

Sales NNS B-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
981.2 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
1.02 CD I-NP
billion CD I-NP
. . O

The DT B-NP
earnings NNS I-NP
also RB B-ADVP
mark VBP B-VP
a DT B-NP
significant JJ I-NP
drop NN I-NP
from IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
's POS B-NP
$ $ I-NP
45.3 CD I-NP
million CD I-NP
or CC O
$ $ B-NP
1.25 CD I-NP
a DT B-NP
share NN I-NP
. . O

Moreover RB B-ADVP
, , O
the DT B-NP
earnings NNS I-NP
were VBD B-VP
well RB B-ADVP
below IN B-PP
analysts NNS B-NP
' POS B-NP
expectations NNS I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
1.16 CD I-NP
a DT B-NP
share NN I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
Inland NNP B-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
35.875 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
$ $ B-NP
1 CD I-NP
. . O

The DT B-NP
company NN I-NP
attributed VBD B-VP
the DT B-NP
earnings NNS I-NP
drop NN I-NP
to TO B-PP
lower JJR B-NP
volume NN I-NP
related VBN B-VP
to TO B-PP
seasonal JJ B-NP
demand NN I-NP
and CC O
the DT B-NP
soft JJ I-NP
consumer NN I-NP
durable JJ I-NP
market NN I-NP
, , O
especially RB B-ADVP
in IN B-PP
the DT B-NP
automotive JJ I-NP
sector NN I-NP
. . O

However RB B-ADVP
, , O
the DT B-NP
company NN I-NP
also RB B-ADVP
lost VBD B-VP
orders NNS B-NP
because IN B-PP
of IN I-PP
prolonged VBN B-NP
labor NN I-NP
talks NNS I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
. . O

Third-quarter JJ B-NP
shipments NNS I-NP
slipped VBD B-VP
7 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
year-ago JJ I-NP
period NN I-NP
, , O
and CC O
17 CD B-NP
% NN I-NP
from IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
second JJ I-NP
quarter NN I-NP
. . O

Profit NN B-NP
of IN B-PP
steel NN B-NP
shipped VBN B-VP
for IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
steel NN I-NP
segment NN I-NP
slid VBD B-VP
to TO B-PP
$ $ B-NP
26 CD I-NP
a DT B-NP
ton NN I-NP
, , O
from IN B-PP
$ $ B-NP
66 CD I-NP
a DT B-NP
ton NN I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
and CC O
$ $ B-NP
57 CD I-NP
a DT B-NP
ton NN I-NP
a DT B-NP
quarter NN I-NP
earlier RBR B-ADVP
. . O

Analysts NNS B-NP
noted VBD B-VP
that IN B-SBAR
the DT B-NP
disappointing JJ I-NP
results NNS I-NP
do VBP B-VP
n't RB I-VP
reflect VB I-VP
lower JJR B-NP
prices NNS I-NP
for IN B-PP
steel NN B-NP
products NNS I-NP
. . O

Charles NNP B-NP
Bradford NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
, , O
said VBD B-VP
higher JJR B-NP
prices NNS I-NP
for IN B-PP
galvanized JJ B-NP
and CC I-NP
cold-rolled JJ I-NP
products NNS I-NP
offset VBP B-VP
lower JJR B-NP
prices NNS I-NP
for IN B-PP
bar NN B-NP
, , I-NP
hot-rolled JJ I-NP
and CC I-NP
structural JJ I-NP
steel NN I-NP
. . O

Structural JJ B-NP
steel NN I-NP
, , O
which WDT B-NP
primarily RB B-ADVP
serves VBZ B-VP
the DT B-NP
construction NN I-NP
market NN I-NP
, , O
was VBD B-VP
especially RB I-VP
hurt VBN I-VP
by IN B-PP
a DT B-NP
15 CD I-NP
% NN I-NP
price NN I-NP
drop NN I-NP
, , O
Mr. NNP B-NP
Bradford NNP I-NP
said VBD B-VP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
its PRP$ B-NP
integrated VBN I-NP
steel NN I-NP
sector NN I-NP
was VBD B-VP
also RB I-VP
hurt VBN I-VP
by IN B-PP
higher JJR B-NP
raw JJ I-NP
material NN I-NP
, , I-NP
repair NN I-NP
and CC I-NP
maintenance NN I-NP
, , I-NP
and CC I-NP
labor NN I-NP
costs NNS I-NP
. . O

The DT B-NP
increased VBN I-NP
labor NN I-NP
costs NNS I-NP
became VBD B-VP
effective JJ B-ADJP
Aug. NNP B-NP
1 CD I-NP
under IN B-PP
terms NNS B-NP
of IN B-PP
the DT B-NP
four-year JJ I-NP
labor NN I-NP
agreement NN I-NP
with IN B-PP
the DT B-NP
United NNP I-NP
Steelworkers NNPS I-NP
union NN I-NP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
service NN I-NP
center NN I-NP
segment NN I-NP
, , O
which WDT B-NP
saw VBD B-VP
operating VBG B-NP
profit NN I-NP
drop NN B-VP
to TO B-PP
$ $ B-NP
11.5 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
30.7 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
experienced VBN B-VP
much NN B-NP
of IN B-PP
the DT B-NP
same JJ I-NP
demand NN I-NP
and CC I-NP
cost NN I-NP
problems NNS I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
start-up JJ B-NP
costs NNS I-NP
associated VBN B-VP
with IN B-PP
a DT B-NP
coil NN I-NP
processing NN I-NP
facility NN I-NP
in IN B-PP
Chicago NNP B-NP
and CC O
an DT B-NP
upgraded VBN I-NP
computer NN I-NP
information NN I-NP
system NN I-NP
. . O

Inland NNP B-NP
Chairman NNP I-NP
Frank NNP I-NP
W. NNP I-NP
Luerssen NNP I-NP
said VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
short-term JJ I-NP
outlook NN I-NP
is VBZ B-VP
`` `` O
clouded VBN B-VP
by IN B-PP
uncertainties NNS B-NP
in IN B-PP
the DT B-NP
economy NN I-NP
and CC O
financial JJ B-NP
markets NNS I-NP
. . O
'' '' O

However RB B-ADVP
, , O
he PRP B-NP
noted VBD B-VP
that DT B-SBAR
steel NN B-NP
mill NN I-NP
bookings NNS I-NP
are VBP B-VP
up IN B-ADVP
from IN B-PP
early JJ B-NP
summer NN I-NP
levels NNS I-NP
, , O
and CC O
that IN B-SBAR
he PRP B-NP
expects VBZ B-VP
the DT B-NP
company NN I-NP
to TO B-VP
improve VB I-VP
its PRP$ B-NP
cost NN I-NP
performance NN I-NP
in IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
. . O

In IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
, , O
profit NN B-NP
was VBD B-VP
$ $ B-NP
113 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.04 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
3.19 CD I-NP
billion CD I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
204.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
5.76 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
3.03 CD I-NP
billion CD I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

The DT B-NP
`` `` I-NP
seismic JJ I-NP
'' '' I-NP
activity NN I-NP
of IN B-PP
a DT B-NP
financial JJ I-NP
market NN I-NP
bears VBZ B-VP
a DT B-NP
resemblance NN I-NP
to TO B-PP
the DT B-NP
seismic JJ I-NP
activity NN I-NP
of IN B-PP
the DT B-NP
earth NN I-NP
. . O

When WRB B-ADVP
things NNS B-NP
are VBP B-NP
quiet JJ I-NP
-LRB- ( O
low JJ B-NP
volatility NN I-NP
-RRB- ) O
, , O
the DT B-NP
structures NNS I-NP
on IN B-PP
which WDT B-NP
markets NNS B-NP
stand VBP B-VP
can MD B-VP
be VB I-VP
relatively RB B-ADJP
inefficient JJ I-ADJP
and CC O
still RB B-VP
perform VB I-VP
their PRP$ B-NP
functions NNS I-NP
adequately RB B-ADVP
. . O

However RB B-ADVP
, , O
when WRB B-ADVP
powerful JJ B-NP
forces NNS I-NP
start VBP B-VP
shaking VBG I-VP
the DT B-NP
market NN I-NP
's POS B-NP
structure NN I-NP
, , O
the DT O
more JJR B-ADJP
`` `` I-ADJP
earthquake-resistant JJ I-ADJP
'' '' O
it PRP B-NP
is VBZ B-VP
, , O
the DT O
better JJR O
its PRP$ B-NP
chance NN I-NP
for IN B-PP
survival NN B-NP
. . O

America NNP B-NP
's POS B-NP
financial JJ I-NP
markets NNS I-NP
do VBP B-VP
not RB I-VP
yet RB I-VP
have VB I-VP
all PDT B-NP
the DT I-NP
required VBN I-NP
modern JJ I-NP
features NNS I-NP
required VBN B-VP
to TO B-VP
make VB I-VP
them PRP B-NP
fully RB B-ADJP
`` `` I-ADJP
aftershock-resistant JJ I-ADJP
. . O
'' '' O

Investors NNS B-NP
lack VBP B-VP
equal JJ B-NP
access NN I-NP
to TO B-PP
the DT B-NP
markets NNS I-NP
' POS B-NP
trading NN I-NP
arena NN I-NP
and CC O
its PRP$ B-NP
information NN I-NP
. . O

That DT B-NP
structural JJ I-NP
lack NN I-NP
is VBZ B-VP
crucial JJ B-ADJP
because IN B-SBAR
investors NNS B-NP
are VBP B-VP
the DT B-NP
only JJ I-NP
source NN I-NP
of IN B-PP
market NN B-NP
liquidity NN I-NP
. . O

And CC O
liquidity NN B-NP
is VBZ B-VP
what WP B-NP
markets VBZ B-NP
need VBP B-VP
to TO B-VP
damp VB I-VP
quakes NNS B-NP
and CC I-NP
aftershocks NNS I-NP
. . O

In IN B-PP
today NN B-NP
's POS B-NP
markets NNS I-NP
, , O
specialists NNS B-NP
-LRB- ( O
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
-RRB- ) O
and CC O
`` `` B-NP
upstairs NN I-NP
'' '' I-NP
market NN I-NP
makers NNS I-NP
-LRB- ( O
in IN B-PP
the DT B-NP
over-the-counter JJ I-NP
market NN I-NP
-RRB- ) O
are VBP B-VP
the DT B-NP
only JJ I-NP
market NN I-NP
participants NNS I-NP
allowed VBN B-VP
to TO I-VP
play VB I-VP
a DT B-NP
direct JJ I-NP
role NN I-NP
in IN B-PP
the DT B-NP
price-determination JJ I-NP
process NN I-NP
. . O

When WRB B-ADVP
they PRP B-NP
halt VBP B-VP
trading VBG B-NP
, , O
all DT B-NP
market NN I-NP
liquidity NN I-NP
is VBZ B-VP
gone VBN B-ADJP
. . O

And CC O
when WRB B-ADVP
any DT B-NP
component NN I-NP
of IN B-PP
the DT B-NP
market NN I-NP
-- : O
cash NN B-NP
, , I-NP
futures NNS I-NP
or CC I-NP
options NNS I-NP
-- : O
loses VBZ B-VP
liquidity NN B-NP
, , O
the DT B-NP
price NN I-NP
discovery NN I-NP
system NN I-NP
-LRB- ( O
the DT B-NP
way NN I-NP
prices NNS B-NP
are VBP B-VP
determined VBN I-VP
-RRB- ) O
becomes VBZ B-VP
flawed JJ B-ADJP
or CC O
is VBZ B-VP
lost VBN I-VP
entirely RB B-ADVP
for IN B-PP
a DT B-NP
time NN I-NP
. . O

Last NNP B-NP
Friday NNP I-NP
the DT I-NP
13th JJ I-NP
-LRB- ( O
as RB B-PP
well RB I-PP
as IN I-PP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
this DT B-NP
week NN I-NP
-RRB- ) O
the DT B-NP
markets NNS I-NP
became VBD B-VP
unlinked JJ B-ADJP
. . O

When WRB B-ADVP
that WDT B-NP
happened VBD B-VP
, , O
`` `` B-NP
seismic JJ I-NP
'' '' I-NP
tremors NNS I-NP
of IN B-PP
fear NN B-NP
-- : O
much JJ B-ADVP
like IN B-PP
the DT B-NP
shock NN I-NP
waves NNS I-NP
created VBN B-VP
by IN B-PP
an DT B-NP
earthquake NN I-NP
-- : O
coursed VBN B-VP
through IN B-PP
the DT B-NP
market NN I-NP
and CC O
increased VBD B-VP
the DT B-NP
market NN I-NP
's POS B-NP
volatility NN I-NP
. . O

Lack NN B-NP
of IN B-PP
important JJ B-NP
, , I-NP
needed VBN I-NP
information NN I-NP
can MD B-VP
cause VB I-VP
fear NN B-NP
. . O

Fear NN B-NP
is VBZ B-VP
the DT B-NP
father NN I-NP
of IN B-PP
panic NN B-NP
. . O

Panic NN B-NP
frequently RB B-ADVP
results VBZ B-VP
in IN B-PP
irrational JJ B-NP
behavior NN I-NP
. . O

And CC O
in IN B-PP
financial JJ B-NP
markets NNS I-NP
, , O
irrational JJ B-NP
behavior NN I-NP
is VBZ B-VP
sometimes RB I-VP
translated VBN I-VP
into IN B-PP
catastrophe NN B-NP
. . O

When WRB B-ADVP
market NN B-NP
tremors NNS I-NP
start VBP B-VP
, , O
it PRP B-NP
is VBZ B-VP
crucial JJ B-ADJP
that IN B-SBAR
as IN B-NP
much JJ I-NP
information NN I-NP
about IN B-PP
transaction NN B-NP
prices NNS I-NP
and CC O
the DT B-NP
supply-demand JJ I-NP
curve NN I-NP
-LRB- ( O
buy VB B-NP
and CC I-NP
sell VB I-NP
orders NNS I-NP
at IN B-PP
various JJ B-NP
prices NNS I-NP
-RRB- ) O
be VB B-VP
made VBN I-VP
available JJ B-ADJP
to TO B-PP
all DT B-NP
, , O
not RB B-CONJP
just RB I-CONJP
to TO B-PP
market VB B-NP
makers NNS I-NP
. . O

Because IN B-PP
of IN I-PP
a DT B-NP
lack NN I-NP
of IN B-PP
information NN B-NP
and CC I-NP
access NN I-NP
, , O
many JJ B-NP
investors NNS I-NP
-- : O
including VBG B-PP
the DT B-NP
very JJ I-NP
ones NNS I-NP
whose WP$ B-NP
buying VBG I-NP
power NN I-NP
could MD B-VP
restore VB I-VP
stability NN B-NP
and CC O
damp VB B-VP
volatility NN B-NP
-- : O
are VBP B-VP
forced VBN I-VP
to TO I-VP
stand VB I-VP
on IN B-PP
the DT B-NP
sidelines NNS I-NP
when WRB B-ADVP
they PRP B-NP
are VBP B-VP
most RBS I-VP
needed VBN I-VP
, , O
because IN B-PP
of IN I-PP
their PRP$ B-NP
ignorance NN I-NP
of IN B-PP
important JJ B-NP
market NN I-NP
information NN I-NP
. . O

To TO B-VP
add VB I-VP
aftershock-damping JJ B-NP
power NN I-NP
to TO B-PP
America NNP B-NP
's POS B-NP
markets NNS I-NP
, , O
a DT B-NP
modern NN I-NP
, , I-NP
electronic JJ I-NP
trading NN I-NP
system NN I-NP
should MD B-VP
be VB I-VP
implemented VBN I-VP
that WDT B-NP
permits VBZ B-VP
equal JJ B-NP
access NN I-NP
to TO B-PP
the DT B-NP
trading NN I-NP
arena NN I-NP
-LRB- ( O
and CC O
the DT B-NP
information NN I-NP
that WDT B-NP
would MD B-VP
automatically RB I-VP
accompany VB I-VP
such JJ B-NP
access NN I-NP
-RRB- ) O
by IN B-PP
investors NNS B-NP
-- : O
particularly RB B-ADVP
institutional JJ B-NP
investors NNS I-NP
. . O

Contrary JJ B-ADVP
to TO B-PP
some DT B-NP
opinions NNS I-NP
, , O
the DT B-NP
trading NN I-NP
activities NNS I-NP
of IN B-PP
specialists NNS B-NP
and CC O
other JJ B-NP
market NN I-NP
makers NNS I-NP
do VBP B-VP
not RB I-VP
provide VB I-VP
liquidity NN B-NP
to TO B-PP
the DT B-NP
market NN I-NP
as IN B-PP
a DT B-NP
whole NN I-NP
. . O

What WP B-NP
market NN B-NP
makers NNS I-NP
provide VBP B-VP
is VBZ B-VP
immediacy NN B-NP
, , O
a DT B-NP
very RB I-NP
valuable JJ I-NP
service NN I-NP
. . O

Liquidity NN B-NP
is VBZ B-VP
not RB O
a DT B-NP
service NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
a DT B-NP
market NN I-NP
attribute VBP I-NP
-- : O
the DT B-NP
ability NN I-NP
to TO B-VP
absorb VB I-VP
selling VBG B-NP
orders NNS I-NP
without IN B-PP
causing VBG B-VP
significant JJ B-NP
price NN I-NP
changes NNS I-NP
in IN B-PP
the DT B-NP
absence NN I-NP
of IN B-PP
news NN B-NP
. . O

Market NN B-NP
makers NNS I-NP
buy VBP B-VP
what WP B-NP
investors NNS B-NP
wish VBP B-VP
to TO I-VP
sell VB I-VP
; : O
their PRP$ B-NP
business NN I-NP
is VBZ B-VP
reselling VBG I-VP
these DT B-NP
unwanted JJ I-NP
positions NNS I-NP
as RB B-ADVP
quickly RB I-ADVP
as IN B-PP
possible JJ B-ADJP
to TO B-PP
other JJ B-NP
investors NNS I-NP
, , O
and CC O
at IN B-PP
a DT B-NP
profit NN I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
while IN B-SBAR
any DT B-NP
one CD I-NP
customer NN I-NP
may MD B-VP
purchase VB I-VP
immediacy NN B-NP
by IN B-PP
selling VBG B-VP
to TO B-PP
a DT B-NP
market NN I-NP
maker NN I-NP
-LRB- ( O
which WDT B-NP
is VBZ B-VP
micro-liquidity NN B-NP
for IN B-PP
the DT B-NP
investor NN I-NP
-RRB- ) O
, , O
the DT B-NP
market NN I-NP
as IN B-PP
a DT B-NP
whole JJ I-NP
remains NNS B-VP
in IN B-PP
the DT B-NP
same JJ I-NP
circumstances NNS I-NP
it PRP B-NP
was VBD B-VP
before IN B-PP
the DT B-NP
transaction NN I-NP
: : O
The DT B-NP
unwanted JJ I-NP
position NN I-NP
is VBZ B-VP
still RB B-ADVP
an DT B-NP
unwanted JJ I-NP
position NN I-NP
; : O
only RB B-NP
the DT I-NP
identity NN I-NP
of IN B-PP
the DT B-NP
seller NN I-NP
has VBZ B-VP
changed VBN I-VP
. . O

In IN B-PP
fact NN B-NP
it PRP B-NP
can MD B-VP
be VB I-VP
argued VBN I-VP
that IN B-SBAR
increasing VBG B-VP
capital NN B-NP
commitments NNS I-NP
by IN B-PP
market NN B-NP
makers NNS I-NP
-LRB- ( O
a DT B-NP
result NN I-NP
of IN B-PP
some DT B-NP
post-1987 JJ I-NP
crash NN I-NP
studies NNS I-NP
-RRB- ) O
also RB B-ADVP
increases NNS B-VP
market NN B-NP
volatility NN I-NP
, , O
since IN B-SBAR
the DT O
more JJR O
securities NNS B-NP
are VBP B-VP
held VBN I-VP
by IN B-PP
market NN B-NP
makers NNS I-NP
at IN B-PP
any DT B-NP
given VBN I-NP
time NN I-NP
, , O
the DT O
more JJR O
selling VBG B-NP
pressure NN I-NP
is VBZ B-VP
overhanging VBG I-VP
the DT B-NP
market NN I-NP
. . O

In IN B-PP
an DT B-NP
open JJ I-NP
electronic JJ I-NP
system NN I-NP
, , O
any DT B-NP
investor NN I-NP
wishing VBG B-VP
to TO I-VP
pay VB I-VP
for IN B-PP
real-time JJ B-NP
access NN I-NP
to TO B-PP
the DT B-NP
trading NN I-NP
arena NN I-NP
through IN B-PP
a DT B-NP
registered VBN I-NP
broker-dealer NN I-NP
would MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
see VB I-VP
the DT B-NP
entire JJ I-NP
supply-demand JJ I-NP
curve NN I-NP
-LRB- ( O
buy VB B-NP
and CC I-NP
sell VB I-NP
orders NNS I-NP
at IN B-PP
each DT B-NP
price NN I-NP
-RRB- ) O
entered VBN B-VP
by IN B-PP
dealers NNS B-NP
and CC I-NP
investors NNS I-NP
alike RB B-ADVP
, , O
and CC O
to TO B-VP
enter VB I-VP
and CC I-VP
execute VB I-VP
orders NNS B-NP
. . O

Current JJ B-NP
quotations NNS I-NP
would MD B-VP
reflect VB I-VP
the DT B-NP
combined VBN I-NP
financial JJ I-NP
judgment NN I-NP
of IN B-PP
all DT B-NP
market NN I-NP
participants NNS I-NP
-- : O
not RB B-CONJP
just RB I-CONJP
those DT B-NP
of IN B-PP
intermediaries NNS B-NP
who WP B-NP
become VBP B-VP
extremely RB B-ADJP
risk-averse JJ I-ADJP
during IN B-PP
times NNS B-NP
of IN B-PP
crisis NN B-NP
. . O

Investors NNS B-NP
and CC I-NP
professionals NNS I-NP
alike RB B-ADVP
would MD B-VP
compete VB I-VP
on IN B-PP
the DT B-NP
level NN I-NP
playing VBG I-NP
field NN I-NP
Congress NNP B-NP
sought VBD B-VP
and CC O
called VBD B-VP
a DT B-NP
`` `` I-NP
national JJ I-NP
market NN I-NP
system NN I-NP
'' '' O
-LRB- ( O
not RB B-VP
yet RB I-VP
achieved VBN I-VP
-RRB- ) O
almost RB B-NP
15 CD I-NP
years NNS I-NP
ago RB B-ADVP
when WRB B-ADVP
it PRP B-NP
passed VBD B-VP
the DT B-NP
Securities NNP I-NP
Reform NNP I-NP
Act NNP I-NP
of IN B-PP
1975 CD B-NP
. . O

Last NNP B-NP
Friday NNP I-NP
's POS B-NP
market NN I-NP
gyrations NNS I-NP
did VBD B-VP
not RB I-VP
result VB I-VP
in IN B-PP
severe JJ B-NP
`` `` I-NP
aftershocks NNS I-NP
. . O
'' '' O

Were VBD O
we PRP B-NP
smart JJ B-ADJP
or CC I-ADJP
just RB I-ADJP
lucky JJ I-ADJP
? . O

I PRP B-NP
'm VBP B-VP
not RB O
certain JJ B-ADJP
. . O

But CC O
I PRP B-NP
am VBP B-VP
sure JJ B-ADJP
we PRP B-NP
need VBP B-VP
to TO I-VP
maximize VB I-VP
our PRP$ B-NP
`` `` I-NP
earthquake NN I-NP
'' '' I-NP
protection NN I-NP
by IN B-PP
making VBG B-VP
certain JJ B-ADJP
that IN B-SBAR
our PRP$ B-NP
market NN I-NP
structures NNS I-NP
let VBP B-VP
investors NNS B-NP
add VBP B-VP
their PRP$ B-NP
mighty JJ I-NP
shock-damping JJ I-NP
power NN I-NP
to TO B-PP
our PRP$ B-NP
nation NN I-NP
's POS B-NP
markets NNS I-NP
. . O

Mr. NNP B-NP
Peake NNP I-NP
is VBZ B-VP
chairman NN B-NP
of IN B-PP
his PRP$ B-NP
own JJ I-NP
consulting NN I-NP
company NN I-NP
in IN B-PP
Englewood NNP B-NP
, , O
N.J NNP B-NP
. . O

NOW RB B-ADVP
YOU PRP B-NP
SEE VBP B-VP
IT PRP B-NP
, , O
now RB B-ADVP
you PRP B-NP
do VBP B-VP
n't RB O
. . O

The DT B-NP
recession NN I-NP
, , O
that WDT B-NP
is VBZ B-VP
. . O

The DT B-NP
economy NN I-NP
's POS B-NP
stutter NN I-NP
steps NNS I-NP
leave VBP B-VP
investors NNS B-NP
wondering VBG B-VP
whether IN O
things NNS B-NP
are VBP B-VP
slowing VBG I-VP
down RB B-PRT
or CC O
speeding VBG B-VP
up RB B-PRT
. . O

So RB B-ADVP
often RB I-ADVP
are VBP O
government NN B-NP
statistics NNS I-NP
revised VBN B-VP
that IN B-SBAR
they PRP B-NP
seem VBP B-VP
to TO I-VP
resemble VB I-VP
a DT B-NP
spinning VBG I-NP
weather NN I-NP
vane NN I-NP
. . O

For IN B-PP
the DT B-NP
past JJ I-NP
seven CD I-NP
years NNS I-NP
, , O
investors NNS B-NP
have VBP B-VP
had VBN I-VP
the DT B-NP
wind NN I-NP
at IN B-PP
their PRP$ B-NP
backs NNS I-NP
, , O
in IN B-PP
the DT B-NP
form NN I-NP
of IN B-PP
a DT B-NP
generally RB I-NP
growing VBG I-NP
economy NN I-NP
. . O

Some DT B-NP
may MD B-VP
have VB I-VP
forgotten VBN I-VP
-- : O
and CC O
some DT B-NP
younger JJR I-NP
ones NNS I-NP
may MD B-VP
never RB I-VP
have VB I-VP
experienced VBN I-VP
-- : O
what WP B-NP
it PRP B-NP
's VBZ B-VP
like VB B-PP
to TO B-VP
invest VB I-VP
during IN B-PP
a DT B-NP
recession NN I-NP
. . O

Different JJ B-NP
tactics NNS I-NP
are VBP B-VP
called VBN I-VP
for IN B-PP
, , O
as IN B-SBAR
losing VBG B-VP
money NN B-NP
becomes VBZ B-VP
easier JJR B-ADJP
and CC O
making VBG B-VP
money NN B-NP
becomes VBZ B-VP
tougher JJR B-ADJP
. . O

For IN B-PP
those DT B-NP
investors NNS I-NP
who WP B-NP
believe VBP B-VP
-- : O
or CC O
fear NN O
-- : O
that IN O
1990 CD B-NP
will MD B-VP
be VB I-VP
a DT B-NP
recession NN I-NP
year NN I-NP
, , O
many JJ B-NP
economists NNS I-NP
and CC I-NP
money NN I-NP
managers NNS I-NP
agree VBP B-VP
on IN B-PP
steps NNS B-NP
that WDT B-NP
can MD B-VP
be VB I-VP
taken VBN I-VP
to TO B-VP
lower JJR I-VP
the DT B-NP
risks NNS I-NP
in IN B-PP
a DT B-NP
portfolio NN I-NP
. . O

In IN B-PP
a DT B-NP
nutshell NN I-NP
, , O
pros NNS B-NP
advise VBP B-VP
investors NNS B-NP
who WP B-NP
expect VBP B-VP
a DT B-NP
slowdown NN I-NP
to TO B-VP
hold VB I-VP
fewer JJR B-NP
stocks NNS I-NP
than IN B-PP
usual JJ B-ADJP
and CC O
to TO B-VP
favor VB I-VP
shares NNS B-NP
of IN B-PP
big JJ B-NP
companies NNS I-NP
in IN B-PP
`` `` B-NP
defensive JJ I-NP
'' '' I-NP
industries NNS I-NP
. . O

A DT B-NP
heavy JJ I-NP
dose NN I-NP
of IN B-PP
cash NN B-NP
is VBZ B-VP
prescribed VBN I-VP
, , O
along IN B-ADVP
with IN B-PP
a DT B-NP
heavier-than-usual JJ I-NP
allotment NN I-NP
to TO B-PP
bonds NNS B-NP
-- : O
preferably RB B-ADVP
government NN B-NP
bonds NNS I-NP
. . O

It PRP B-NP
's VBZ B-VP
tempting JJ B-ADJP
to TO B-VP
think VB I-VP
these DT B-NP
defensive JJ I-NP
steps NNS I-NP
can MD B-VP
be VB I-VP
delayed VBN I-VP
until IN B-SBAR
a DT B-NP
recession NN I-NP
is VBZ B-VP
clearly RB B-ADVP
at IN B-PP
hand NN B-NP
. . O

But CC O
that DT B-NP
may MD B-VP
not RB I-VP
be VB I-VP
possible JJ B-ADJP
, , O
because IN B-SBAR
recessions NNS B-NP
often RB B-ADVP
take VBP B-VP
investors NNS B-NP
by IN B-PP
surprise NN B-NP
. . O

`` `` O
They PRP B-NP
always RB B-ADVP
seem VBP B-VP
to TO I-VP
come VB I-VP
a DT B-NP
bit NN I-NP
later RB B-ADVP
than IN B-SBAR
you PRP B-NP
expect VBP B-VP
. . O

When WRB B-ADVP
they PRP B-NP
do VBP B-VP
hit VBD I-VP
, , O
they PRP B-NP
hit VBD B-VP
fast RB B-ADVP
, , O
'' '' O
says VBZ B-VP
David NNP B-NP
A. NNP I-NP
Wyss NNP I-NP
, , O
chief JJ B-NP
financial JJ I-NP
economist NN I-NP
at IN B-PP
the DT B-NP
Data NNP I-NP
Resources NNPS I-NP
division NN I-NP
of IN B-PP
McGraw-Hill NNP B-NP
Inc NNP I-NP
. . O

Though IN B-SBAR
he PRP B-NP
himself PRP B-NP
does VBZ B-VP
n't RB I-VP
expect VB I-VP
a DT B-NP
recession NN I-NP
soon RB B-ADVP
, , O
Mr. NNP B-NP
Wyss NNP I-NP
advises VBZ B-VP
people NNS B-NP
who WP B-NP
do VBP B-VP
that IN B-SBAR
`` `` O
the DT B-NP
best JJS I-NP
thing NN I-NP
to TO B-VP
be VB I-VP
in IN B-PP
is VBZ B-VP
long JJ O
that DT B-NP
is VBZ B-VP
, , B-NP
20-year JJ I-NP
to TO I-NP
30-year NNP I-NP
Treasury NNP I-NP
bonds NNS I-NP
. . O
'' '' O

The DT B-NP
reason NN I-NP
is VBZ B-VP
simple JJ B-ADJP
, , O
Mr. NNP B-NP
Wyss NNP I-NP
says VBZ B-VP
: : O
`` `` O
Interest NN B-NP
rates NNS I-NP
almost RB B-ADVP
always RB I-ADVP
decline VBP B-VP
during IN B-PP
recession NN B-NP
. . O
'' '' O

As RB B-ADVP
surely RB I-ADVP
as IN B-SBAR
a DT B-NP
seesaw NN I-NP
tilts VBZ B-VP
, , O
falling VBG B-NP
interest NN I-NP
rates NNS I-NP
force VBP B-VP
up IN B-ADVP
the DT B-NP
price NN I-NP
of IN B-PP
previously RB B-NP
issued VBN I-NP
bonds NNS I-NP
. . O

They PRP B-NP
are VBP B-VP
worth RB B-PP
more JJR B-NP
because IN B-SBAR
they PRP B-NP
pay VBP B-VP
higher JJR B-NP
interest NN I-NP
than IN B-SBAR
newly RB B-NP
issued VBN I-NP
bonds NNS I-NP
do VBP B-VP
. . O

That DT B-NP
effect NN I-NP
holds VBZ B-VP
true JJ B-ADJP
for IN B-PP
both DT B-NP
short-term JJ I-NP
and CC I-NP
long-term JJ I-NP
bonds NNS I-NP
. . O

But CC O
short-term JJ B-NP
bonds NNS I-NP
ca MD B-VP
n't RB I-VP
rise VB I-VP
too RB B-ADVP
much JJ I-ADVP
, , O
because IN B-SBAR
everyone NN B-NP
knows VBZ B-VP
they PRP B-NP
will MD O
be VB B-VP
redeemed VBN I-VP
at IN B-PP
a DT B-NP
preset JJ I-NP
price NN I-NP
fairly RB B-ADVP
soon RB I-ADVP
. . O

Long-term JJ B-NP
bonds NNS I-NP
, , O
with IN B-PP
many JJ B-NP
years NNS I-NP
left VBN B-ADJP
before IN B-PP
maturity NN B-NP
, , O
swing NN B-VP
more RBR B-ADVP
widely RB I-ADVP
in IN B-PP
price NN B-NP
. . O

But CC O
not RB B-NP
just RB I-NP
any DT I-NP
bonds NNS I-NP
will MD B-VP
do VB I-VP
. . O

Corporate JJ B-NP
bonds NNS I-NP
`` `` O
are VBP B-VP
usually RB B-ADVP
not RB O
a DT B-NP
good JJ I-NP
bet NN I-NP
in IN B-PP
a DT B-NP
recession NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Wyss NNP I-NP
says VBZ B-VP
. . O

As IN B-SBAR
times NNS B-NP
get VBP B-VP
tougher JJR B-ADJP
, , O
investors NNS B-NP
fret VBP B-VP
about IN B-PP
whether IN B-SBAR
companies NNS B-NP
will MD B-VP
have VB I-VP
enough JJ B-NP
money NN I-NP
to TO B-VP
pay VB I-VP
their PRP$ B-NP
debts NNS I-NP
. . O

This DT B-NP
hurts VBZ B-VP
the DT B-NP
price NN I-NP
of IN B-PP
corporate JJ B-NP
bonds NNS I-NP
. . O

Also RB B-ADVP
, , O
he PRP B-NP
notes VBZ B-VP
, , O
`` `` O
most RBS B-NP
corporate JJ I-NP
bonds NNS I-NP
are VBP B-VP
callable JJ B-ADJP
. . O
'' '' O

That DT B-NP
means VBZ B-VP
that IN B-SBAR
a DT B-NP
corporation NN I-NP
, , O
after IN B-SBAR
a DT B-NP
specified VBN I-NP
amount NN I-NP
of IN B-PP
time NN B-NP
has VBZ B-VP
passed VBN I-VP
, , O
can MD B-VP
buy VB I-VP
back RB B-ADVP
its PRP$ B-NP
bonds NNS I-NP
by IN B-PP
paying VBG B-VP
investors NNS B-NP
the DT B-NP
face NN I-NP
value NN I-NP
-LRB- ( O
plus CC O
, , O
in IN B-PP
some DT B-NP
cases NNS I-NP
, , O
a DT B-NP
sweetener NN I-NP
-RRB- ) O
. . O

When WRB B-ADVP
interest NN B-NP
rates NNS I-NP
have VBP B-VP
dropped VBN I-VP
, , O
it PRP B-NP
makes VBZ B-VP
sense NN B-NP
for IN B-SBAR
corporations NNS B-NP
to TO B-VP
do VB I-VP
just RB B-NP
that IN I-NP
; : O
they PRP B-NP
then RB B-ADVP
save VBP B-VP
on IN B-PP
interest NN B-NP
costs NNS I-NP
. . O

But CC O
the DT B-NP
investors NNS I-NP
are VBP B-VP
left VBN I-VP
stranded VBN I-VP
with IN B-PP
money NN B-NP
to TO B-VP
reinvest VB I-VP
at IN B-PP
a DT B-NP
time NN I-NP
when WRB B-ADVP
interest NN B-NP
rates NNS I-NP
are VBP B-VP
puny JJ B-ADJP
. . O

If IN B-SBAR
corporate JJ B-NP
bonds NNS I-NP
are VBP B-VP
bad JJ B-ADJP
in IN B-PP
recessions NNS B-NP
, , O
junk NN B-NP
bonds NNS I-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
the DT B-NP
worst JJS I-NP
of IN B-PP
all DT B-NP
. . O

It PRP B-NP
's VBZ B-VP
an DT B-NP
`` `` I-NP
absolute JJ I-NP
necessity NN I-NP
'' '' O
to TO B-VP
get VB I-VP
out IN B-PP
of IN B-PP
junk NN B-NP
bonds NNS I-NP
when WRB B-ADVP
a DT B-NP
recession NN I-NP
is VBZ B-VP
in IN B-PP
the DT B-NP
offing NN I-NP
, , O
says VBZ B-VP
Avner NNP B-NP
Arbel NNP I-NP
, , O
professor NN B-NP
of IN B-PP
finance NN B-NP
at IN B-PP
Cornell NNP B-NP
University NNP I-NP
. . O

`` `` O
Such JJ B-NP
bonds NNS I-NP
are VBP B-VP
very RB B-ADJP
sensitive JJ I-ADJP
to TO B-PP
the DT B-NP
downside NN I-NP
, , O
and CC O
this DT B-NP
could MD B-VP
be VB I-VP
a DT B-NP
disaster NN I-NP
. . O
'' '' O

Municipal JJ B-NP
bonds NNS I-NP
are VBP B-VP
generally RB B-ADVP
a DT B-ADJP
bit NN I-ADJP
safer JJR I-ADJP
than IN B-PP
corporate JJ B-NP
bonds NNS I-NP
in IN B-PP
a DT B-NP
recession NN I-NP
, , O
but CC O
not RB B-ADJP
as RB I-ADJP
safe JJ I-ADJP
as IN B-PP
bonds NNS B-NP
issued VBN B-VP
by IN B-PP
the DT B-NP
federal JJ I-NP
government NN I-NP
. . O

During IN B-PP
an DT B-NP
economic JJ I-NP
slump NN I-NP
, , O
local JJ B-NP
tax NN I-NP
revenues NNS I-NP
often RB B-ADVP
go VBP B-VP
down RB B-ADVP
, , O
raising VBG B-VP
the DT B-NP
risks NNS I-NP
associated VBN B-VP
with IN B-PP
at IN B-ADVP
least JJS I-ADVP
some DT B-NP
municipals NNS I-NP
. . O

And CC O
, , O
like IN B-PP
corporates NNS B-NP
, , O
many JJ B-NP
municipal JJ I-NP
bonds NNS I-NP
are VBP B-VP
callable JJ B-ADJP
. . O

But CC O
a DT B-NP
few JJ I-NP
experts NNS I-NP
, , O
going VBG B-VP
against IN B-PP
the DT B-NP
consensus NN I-NP
, , O
do VBP B-VP
n't RB I-VP
think VB I-VP
bonds NNS B-NP
would MD B-VP
help VB I-VP
investors NNS B-NP
even RB B-SBAR
if IN I-SBAR
a DT B-NP
recession NN I-NP
is VBZ B-VP
in IN B-PP
the DT B-NP
offing NN I-NP
. . O

One CD B-NP
of IN B-PP
these DT B-NP
is VBZ B-VP
Jeffrey NNP B-NP
L. NNP I-NP
Beach NNP I-NP
, , O
director NN B-NP
of IN B-PP
research NN B-NP
for IN B-PP
Underwood NNP B-NP
Neuhaus NNP I-NP
& CC O
Co. NNP B-NP
, , O
a DT B-NP
brokerage NN I-NP
house NN I-NP
in IN B-PP
Houston NNP B-NP
, , O
who WP B-NP
thinks VBZ B-VP
that IN B-SBAR
`` `` O
we PRP B-NP
're VBP B-VP
either DT O
in NN B-PP
a DT B-NP
recession NN I-NP
or CC O
about IN B-ADJP
to TO B-VP
go VB I-VP
into IN B-PP
one CD B-NP
. . O
'' '' O

What WP B-NP
's VBZ B-VP
more JJR B-NP
, , O
he PRP B-NP
thinks VBZ B-VP
this DT B-NP
could MD B-VP
be VB I-VP
a DT B-NP
nastier JJR I-NP
recession NN I-NP
than IN B-PP
usual JJ B-ADJP
: : O
`` `` O
Once RB O
the DT B-NP
downturn NN I-NP
comes VBZ B-VP
, , O
it PRP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
very RB B-ADJP
hard JJ I-ADJP
to TO B-VP
reverse VB I-VP
. . O
'' '' O

Investors NNS B-NP
, , O
he PRP B-NP
advises VBZ B-VP
, , O
`` `` O
should MD B-VP
be VB I-VP
cautious JJ B-ADJP
, , O
'' '' O
holding VBG B-VP
fewer JJR B-NP
stocks NNS I-NP
than IN B-PP
usual JJ B-ADJP
and CC O
also RB B-ADVP
shunning VBG B-VP
bonds NNS B-NP
. . O

Because IN B-SBAR
he PRP B-NP
sees VBZ B-VP
a DT B-NP
`` `` I-NP
5 NN I-NP
% NN I-NP
to TO I-NP
6 CD I-NP
% NN I-NP
base NN I-NP
rate NN I-NP
of IN B-PP
inflation NN B-NP
in IN B-PP
the DT B-NP
economy NN I-NP
, , O
'' '' O
he PRP B-NP
doubts VBZ B-VP
that IN B-SBAR
interest NN B-NP
rates NNS I-NP
will MD B-VP
fall VB I-VP
much JJ B-ADVP
any DT B-NP
time NN I-NP
soon RB B-ADVP
. . O

Instead RB B-ADVP
, , O
Mr. NNP B-NP
Beach NNP I-NP
says VBZ B-VP
, , O
investors NNS B-NP
`` `` O
probably RB B-ADVP
should MD B-VP
be VB I-VP
carrying VBG I-VP
a DT B-NP
very RB I-NP
high JJ I-NP
level NN I-NP
of IN B-PP
cash NN B-NP
, , O
'' '' O
by IN B-PP
which WDT B-NP
he PRP B-NP
means VBZ B-VP
such JJ B-NP
so-called JJ I-NP
cash NN I-NP
equivalents NNS I-NP
as IN B-PP
money-market JJ B-NP
funds NNS I-NP
and CC O
Treasury NNP B-NP
bills NNS I-NP
. . O

Greg NNP B-NP
Confair NNP I-NP
, , O
president NN B-NP
of IN B-PP
Sigma NNP B-NP
Financial NNP I-NP
Inc. NNP I-NP
in IN B-PP
Allentown NNP B-NP
, , O
Pa. NNP B-NP
, , O
also RB B-ADVP
recommends VBZ B-VP
that IN B-SBAR
investors NNS B-NP
go VBP B-VP
heavily RB B-ADVP
for IN B-PP
cash NN B-NP
. . O

He PRP B-NP
is VBZ B-VP
n't RB O
sure JJ B-ADJP
a DT B-NP
recession NN I-NP
is VBZ B-VP
coming VBG I-VP
, , O
but CC O
says VBZ B-VP
the DT B-NP
other JJ I-NP
likely JJ I-NP
alternative NN I-NP
-- : O
reignited VBD B-NP
inflation NN I-NP
-- : O
is VBZ B-VP
just RB B-ADJP
as IN I-ADJP
bad NN I-ADJP
. . O

`` `` O
This DT B-ADVP
late RB I-ADVP
in IN B-PP
an DT B-NP
expansion NN I-NP
, , O
'' '' O
the DT B-NP
economy NN I-NP
tends VBZ B-VP
to TO I-VP
veer VB I-VP
off IN B-PRT
either DT O
into IN B-PP
damaging JJ B-NP
inflation NN I-NP
or CC B-PP
into IN B-PP
a DT B-NP
recession NN I-NP
, , O
Mr. NNP B-NP
Confair NNP I-NP
says VBZ B-VP
. . O

The DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
Board NNP I-NP
's POS B-NP
plan NN I-NP
for IN B-PP
a DT B-NP
`` `` I-NP
soft JJ I-NP
landing NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
requires VBZ B-VP
the DT B-NP
Fed NNP I-NP
to TO B-VP
navigate VB I-VP
`` `` O
an DT B-NP
ever-narrowing JJ I-NP
corridor NN I-NP
. . O
'' '' O

A DT B-NP
soft JJ I-NP
landing NN I-NP
is VBZ B-VP
n't RB O
something NN B-NP
that WDT B-NP
can MD B-VP
be VB I-VP
achieved VBN I-VP
once RB B-ADVP
and CC B-ADVP
for IN B-PP
all DT B-NP
, , O
Mr. NNP B-NP
Confair NNP I-NP
adds VBZ B-VP
. . O

It PRP B-NP
has VBZ B-VP
to TO I-VP
be VB I-VP
engineered VBN I-VP
over IN B-ADVP
and CC I-ADVP
over IN I-ADVP
again RB I-ADVP
, , O
month NN B-NP
after IN B-PP
month NN B-NP
. . O

He PRP B-NP
believes VBZ B-VP
that IN B-SBAR
the DT B-NP
task NN I-NP
facing VBG B-VP
Fed NNP B-NP
Chairman NNP I-NP
Alan NNP I-NP
Greenspan NNP I-NP
is VBZ B-VP
so RB B-ADJP
difficult JJ I-ADJP
that IN B-SBAR
it PRP B-NP
resembles VBZ B-VP
`` `` O
juggling VBG B-VP
a DT B-NP
double-bladed JJ I-NP
ax NN I-NP
and CC O
a DT B-NP
buzz NN I-NP
saw VBD I-NP
. . O
'' '' O

And CC O
, , O
in IN B-PP
a DT B-NP
sense NN I-NP
, , O
that DT B-NP
's VBZ B-VP
the DT B-NP
kind NN I-NP
of IN B-PP
task NN B-NP
individuals NNS B-NP
face VBP B-VP
in IN B-PP
deciding VBG B-VP
what WP B-NP
to TO B-VP
do VB I-VP
about IN B-PP
stocks NNS B-NP
-- : O
the DT B-NP
mainstay NN I-NP
of IN B-PP
most RBS B-NP
serious JJ I-NP
investors NNS I-NP
' POS B-NP
portfolios NNS I-NP
. . O

It PRP B-NP
comes VBZ B-VP
down RB B-ADVP
to TO B-PP
a DT B-NP
question NN I-NP
of IN B-PP
whether IN B-SBAR
to TO B-VP
try VB I-VP
to TO I-VP
`` `` I-VP
time NN I-VP
'' '' O
the DT B-NP
market NN I-NP
. . O

For IN B-PP
people NNS B-NP
who WP B-NP
can MD B-VP
ride VB I-VP
out RP B-PRT
market NN B-NP
waves NNS I-NP
through IN B-PP
good JJ B-NP
times NNS I-NP
and CC O
bad JJ B-NP
, , O
stocks NNS B-NP
have VBP B-VP
been VBN I-VP
rewarding JJ B-NP
long-term JJ I-NP
investments NNS I-NP
. . O

Most JJS B-NP
studies NNS I-NP
show VBP B-VP
that IN B-SBAR
buy-and-hold JJ B-NP
investors NNS I-NP
historically RB B-ADVP
have VBP B-VP
earned VBN I-VP
an DT B-NP
annual JJ I-NP
return NN I-NP
from IN B-PP
stocks NNS B-NP
of IN B-PP
9 CD B-NP
% NN I-NP
to TO I-NP
10 CD I-NP
% NN I-NP
, , O
including VBG B-PP
both DT B-NP
dividends NNS I-NP
and CC I-NP
price NN I-NP
appreciation NN I-NP
. . O

That DT B-NP
's VBZ B-VP
well RB B-ADVP
above IN B-PP
what WP B-NP
bonds NNS B-NP
or CC I-NP
bank NN I-NP
certificates NNS I-NP
have VBP B-VP
paid VBN I-VP
. . O

Moreover RB B-ADVP
, , O
because IN B-SBAR
no DT B-NP
one CD I-NP
knows VBZ B-VP
for IN B-PP
sure JJ B-ADJP
just RB B-ADVP
when WRB B-ADVP
a DT B-NP
recession NN I-NP
is VBZ B-VP
coming VBG I-VP
, , O
some DT B-NP
analysts NNS I-NP
think VBP B-VP
investors NNS B-NP
should MD B-VP
n't RB I-VP
even RB I-VP
worry VB I-VP
too RB B-ADVP
much JJ I-ADVP
about IN B-PP
timing NN B-NP
. . O

`` `` O
Trying VBG B-VP
to TO I-VP
time VB I-VP
the DT B-NP
economy NN I-NP
is VBZ B-VP
a DT B-NP
mistake NN I-NP
, , O
'' '' O
says VBZ B-VP
David NNP B-NP
Katz NNP I-NP
, , O
chief JJ B-NP
investment NN I-NP
officer NN I-NP
of IN B-PP
Value NNP B-NP
Matrix NNP I-NP
Management NNP I-NP
Inc. NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

Mr. NNP B-NP
Katz NNP I-NP
notes VBZ B-VP
that IN B-SBAR
some DT B-NP
economists NNS I-NP
have VBP B-VP
been VBN I-VP
predicting VBG I-VP
a DT B-NP
recession NN I-NP
for IN B-PP
at IN B-NP
least JJS I-NP
two CD I-NP
years NNS I-NP
. . O

Investors NNS B-NP
who WP B-NP
listened VBD B-VP
, , O
and CC O
lightened VBD B-VP
up IN B-PRT
on IN B-PP
stocks NNS B-NP
, , O
`` `` O
have VBP B-VP
just RB I-VP
hurt VBN I-VP
themselves PRP B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Mr. NNP B-NP
Katz NNP I-NP
adds VBZ B-VP
that IN B-SBAR
people NNS B-NP
who WP B-NP
jump VBP B-VP
in IN B-PP
and CC B-PP
out IN B-PP
of IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
need NN B-VP
to TO I-VP
be VB I-VP
right NN B-ADJP
about IN B-NP
70 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
time NN I-NP
to TO B-VP
beat VB I-VP
a DT B-NP
buy-and-hold JJ I-NP
strategy NN I-NP
. . O

Frequent JJ B-NP
trading NN I-NP
runs VBZ I-NP
up IN O
high JJ B-NP
commission NN I-NP
costs NNS I-NP
. . O

And CC O
the DT B-NP
in-and-outer NN I-NP
might MD B-VP
miss VB I-VP
the DT B-NP
sudden JJ I-NP
spurts NNS I-NP
that WDT B-NP
account VBP B-VP
for IN B-PP
much NN B-NP
of IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
's POS B-NP
gains NNS I-NP
over IN B-PP
time NN B-NP
. . O

Still RB B-ADVP
, , O
few JJ B-NP
investors NNS I-NP
are VBP B-VP
able JJ B-ADJP
to TO B-VP
sit VB I-VP
tight JJ B-ADVP
when WRB B-ADVP
they PRP B-NP
are VBP B-VP
convinced VBN B-ADJP
a DT B-NP
recession NN I-NP
is VBZ B-VP
coming VBG I-VP
. . O

After IN B-PP
all DT B-NP
, , O
in IN B-PP
all DT B-NP
five CD I-NP
recessions NNS I-NP
since IN B-PP
1960 CD B-NP
, , O
stocks NNS B-NP
declined VBD B-VP
. . O

According VBG B-PP
to TO B-PP
Ned NNP B-NP
Davis NNP I-NP
, , O
president NN B-NP
of IN B-PP
Ned NNP B-NP
Davis NNP I-NP
Research NNP I-NP
Inc. NNP I-NP
in IN B-PP
Nokomis NNP B-NP
, , O
Fla. NNP B-NP
, , O
the DT B-NP
average JJ I-NP
drop NN I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
was VBD B-VP
about IN B-NP
21 CD I-NP
% NN I-NP
, , O
and CC O
the DT B-NP
decrease NN I-NP
began VBD B-VP
an DT B-NP
average NN I-NP
of IN B-PP
six CD B-NP
months NNS I-NP
before IN B-SBAR
a DT B-NP
recession NN I-NP
officially RB B-ADVP
started VBD B-VP
. . O

By IN B-PP
the DT B-NP
time NN I-NP
a DT B-NP
recession NN I-NP
is VBZ B-VP
`` `` O
official NN B-ADJP
'' '' O
-LRB- ( O
two CD B-NP
consecutive JJ I-NP
quarters NNS I-NP
of IN B-PP
declining VBG B-NP
gross JJ I-NP
national JJ I-NP
product NN I-NP
-RRB- ) O
, , O
much NN B-NP
of IN B-PP
the DT B-NP
damage NN I-NP
to TO B-PP
stocks NNS B-NP
has VBZ B-VP
already RB I-VP
been VBN I-VP
done VBN I-VP
- : O
and CC O
, , O
in IN B-PP
the DT B-NP
typical JJ I-NP
case NN I-NP
, , O
the DT B-NP
recession NN I-NP
is VBZ B-VP
already RB B-ADVP
half NN B-ADJP
over RB I-ADJP
. . O

About IN B-NP
six CD I-NP
months NNS I-NP
before IN B-SBAR
a DT B-NP
recession NN I-NP
ends NNS B-VP
, , O
stocks NNS B-NP
typically RB B-ADVP
begin VBP B-VP
to TO I-VP
rise VB I-VP
again RB B-ADVP
, , O
as IN B-SBAR
investors NNS B-NP
anticipate VBP B-VP
a DT B-NP
recovery NN I-NP
. . O

The DT B-NP
average JJ I-NP
recession NN I-NP
lasts VBZ B-VP
about IN B-NP
a DT I-NP
year NN I-NP
. . O

Unfortunately RB B-ADVP
, , O
though RB B-ADVP
, , O
recessions NNS B-NP
vary VBP B-VP
enough RB B-ADVP
in IN B-PP
length NN B-NP
so RB B-SBAR
that IN I-SBAR
the DT B-NP
average JJ I-NP
ca MD B-VP
n't RB I-VP
reliably RB I-VP
be VB I-VP
used VBN I-VP
to TO B-VP
guide VB I-VP
investors NNS B-NP
in IN B-PP
timing NN B-VP
stock NN B-NP
sales NNS I-NP
or CC I-NP
purchases NNS I-NP
. . O

But CC O
whatever WDT B-NP
their PRP$ I-NP
advice NN I-NP
about IN B-PP
timing NN B-NP
, , O
none NN B-NP
of IN B-PP
these DT B-NP
experts NNS I-NP
recommend VBP B-VP
jettisoning VBG I-VP
stocks NNS B-NP
entirely RB B-ADVP
during IN B-PP
a DT B-NP
recession NN I-NP
. . O

For IN B-PP
the DT B-NP
portion NN I-NP
of IN B-PP
an DT B-NP
investor NN I-NP
's POS B-NP
portfolio NN I-NP
that WDT B-NP
stays VBZ B-VP
in IN B-PP
stocks NNS B-NP
, , O
professionals NNS B-NP
have VBP B-VP
a DT B-NP
number NN I-NP
of IN B-PP
suggestions NNS B-NP
. . O

Mr. NNP B-NP
Katz NNP I-NP
advocates VBZ B-VP
issues NNS B-NP
with IN B-PP
low JJ B-NP
price-earnings JJ I-NP
ratios NNS I-NP
-- : O
that DT B-NP
is VBZ B-VP
, , O
low JJ B-NP
prices NNS I-NP
in IN B-PP
relation NN B-NP
to TO B-PP
the DT B-NP
company NN I-NP
's POS B-NP
earnings NNS I-NP
per IN B-PP
share NN B-NP
. . O

`` `` B-NP
Low NNP I-NP
P-E NNP I-NP
'' '' I-NP
stocks NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
vastly RB B-ADVP
outperform VB B-VP
others NNS B-NP
`` `` O
during IN B-PP
a DT B-NP
recession NN I-NP
or CC I-NP
bear VB I-NP
market NN I-NP
. . O
'' '' O

In IN B-PP
good JJ B-NP
times NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
they PRP B-NP
lag VBP B-VP
a DT B-NP
bit NN I-NP
, , O
but CC O
overall JJ B-ADVP
they PRP B-NP
provide VBP B-VP
superior JJ B-NP
performance NN I-NP
. . O

Prof. NNP B-NP
Arbel NNP I-NP
urges VBZ B-VP
investors NNS B-NP
to TO B-VP
discard VB I-VP
stocks NNS B-NP
in IN B-PP
small JJ B-NP
companies NNS I-NP
. . O

Small-company JJ B-NP
shares NNS I-NP
typically RB B-ADVP
fall VBP B-VP
more JJR B-ADVP
than IN B-PP
big-company JJ B-NP
stocks NNS I-NP
in IN B-PP
a DT B-NP
recession NN I-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

And CC O
in IN B-PP
any DT B-NP
case NN I-NP
, , O
he PRP B-NP
argues VBZ B-VP
, , O
stocks VBZ B-NP
of IN B-PP
small JJ B-NP
companies NNS I-NP
are VBP B-VP
`` `` O
almost RB B-ADJP
as RB I-ADJP
overpriced VBN I-ADJP
as IN B-SBAR
they PRP B-NP
were VBD B-VP
Sept. NNP B-NP
30 CD I-NP
, , I-NP
1987 CD I-NP
, , O
just RB B-ADVP
before IN B-PP
the DT B-NP
crash NN I-NP
. . O
'' '' O

For IN B-PP
example NN B-NP
, , O
Mr. NNP B-NP
Arbel NNP I-NP
says VBZ B-VP
, , O
stocks VBZ B-NP
of IN B-PP
small JJ B-NP
companies NNS I-NP
are VBP B-VP
selling VBG I-VP
for IN B-PP
about IN B-NP
19 CD I-NP
times NNS I-NP
cash NN I-NP
flow NN I-NP
. . O

-LRB- ( O
Cash NNP B-NP
flow NN I-NP
, , O
basically RB B-ADVP
earnings NNS B-NP
plus CC I-NP
depreciation NN I-NP
, , O
is VBZ B-VP
one CD B-NP
common JJ I-NP
gauge NN I-NP
of IN B-PP
a DT B-NP
company NN I-NP
's POS B-NP
financial JJ I-NP
health NN I-NP
. . O
-RRB- ) O

That DT B-NP
ratio NN I-NP
is VBZ B-VP
dangerously RB B-ADVP
close RB I-ADVP
to TO B-PP
the DT B-NP
ratio NN I-NP
of IN B-PP
19.7 CD B-NP
that WDT B-NP
prevailed VBD B-VP
before IN B-PP
the DT B-NP
1987 CD I-NP
stock-market NN I-NP
crash NN I-NP
, , O
Mr. NNP B-NP
Arbel NNP I-NP
says VBZ B-VP
. . O

And CC O
it PRP B-NP
's VBZ B-VP
way NN B-NP
above IN B-PP
the DT B-NP
ratio NN I-NP
-LRB- ( O
7.5 CD B-NP
times NNS I-NP
cash NN I-NP
flow NN I-NP
-RRB- ) O
that IN B-NP
bigger JJR B-NP
companies NNS I-NP
are VBP B-VP
selling VBG I-VP
for RB B-PP
. . O

Another DT B-NP
major JJ I-NP
trick NN I-NP
in IN B-PP
making VBG B-VP
a DT B-NP
portfolio NN I-NP
recession-resistant JJ B-ADJP
is VBZ B-VP
choosing VBG I-VP
stocks NNS B-NP
in IN B-PP
`` `` B-NP
defensive JJ I-NP
'' '' I-NP
industries NNS I-NP
. . O

Food NNP B-NP
, , I-NP
tobacco NN I-NP
, , I-NP
drugs NNS I-NP
and CC I-NP
utilities NNS I-NP
are VBP B-VP
the DT B-NP
classic JJ I-NP
examples NNS I-NP
. . O

Recession NN B-NP
or CC I-NP
not RB I-NP
, , O
people NNS B-NP
still RB B-ADVP
eat VBP B-VP
, , O
smoke NN B-VP
, , O
and CC O
take VB B-VP
medicine NN B-NP
when WRB B-ADVP
they PRP B-NP
're VBP B-VP
sick JJ B-ADJP
. . O

George NNP B-NP
Putnam NNP I-NP
III NNP I-NP
, , O
editor NN B-NP
of IN B-PP
Turnaround NNP B-NP
Letter NNP I-NP
in IN B-PP
Boston NNP B-NP
, , O
offers VBZ B-VP
one CD B-NP
final JJ I-NP
tip NN I-NP
for IN B-PP
recession-wary JJ B-NP
investors NNS I-NP
. . O

`` `` O
Keep VB B-VP
some DT B-NP
money NN I-NP
available JJ B-ADJP
for IN B-PP
opportunities NNS B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
If IN B-SBAR
the DT B-NP
recession NN I-NP
does VBZ B-VP
hit VBN I-VP
, , O
there EX B-NP
will MD B-VP
be VB I-VP
some DT B-NP
great JJ I-NP
investment NN I-NP
opportunities NNS I-NP
just RB B-ADVP
when WRB B-ADVP
things NNS B-NP
seem VBP B-VP
the DT B-NP
blackest JJS I-NP
. . O
'' '' O

Mr. NNP B-NP
Dorfman NNP I-NP
covers VBZ B-VP
investing VBG B-NP
issues NNS I-NP
from IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
New NNP I-NP
York NNP I-NP
bureau NN I-NP
. . O

Some DT B-NP
industry NN I-NP
groups NNS I-NP
consistently RB B-ADVP
weather VBP B-VP
the DT B-NP
storm NN I-NP
better JJR B-ADVP
than IN B-PP
others NNS B-NP
. . O

The DT B-NP
following VBG I-NP
shows VBZ B-VP
the DT B-NP
number NN I-NP
of IN B-PP
times VBZ B-NP
these DT B-NP
industries NNS I-NP
outperformed VBD B-VP
the DT O
Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
500-Stock NNP I-NP
Index NNP I-NP
during IN B-PP
the DT B-NP
first JJ I-NP
six CD I-NP
months NNS I-NP
of IN B-PP
the DT B-NP
past JJ I-NP
seven CD I-NP
recessions NNS I-NP
. . O

Bond NN B-NP
prices NNS I-NP
posted VBD B-VP
strong JJ B-NP
gains NNS I-NP
as IN B-SBAR
investors NNS B-NP
went VBD B-VP
on IN B-PP
a DT B-NP
bargain NN I-NP
hunt NN I-NP
. . O

But CC O
while IN B-SBAR
the DT B-NP
overall JJ I-NP
market NN I-NP
improved VBN B-VP
, , O
the DT B-NP
new-issue JJ I-NP
junk-bond NN I-NP
market NN I-NP
continued VBD B-VP
to TO I-VP
count VB I-VP
casualties NNS B-NP
, , O
even RB B-SBAR
as IN I-SBAR
junk-bond NN B-NP
prices NNS I-NP
rose VBD B-VP
. . O

Yesterday NN B-NP
, , O
Prudential-Bache NNP B-NP
Securities NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
postponed VBD B-VP
a DT B-NP
$ $ I-NP
220 CD I-NP
million CD I-NP
senior JJ I-NP
subordinated VBN I-NP
debenture NN I-NP
offering NN I-NP
by IN B-PP
York NNP B-NP
International NNP I-NP
Corp NNP I-NP
. . O

And CC O
Donaldson NNP B-NP
, , I-NP
Lufkin NNP I-NP
& CC I-NP
Jenrette NNP I-NP
Securities NNP I-NP
Corp. NNP I-NP
scrambled VBD B-VP
to TO I-VP
restructure VB I-VP
and CC O
improve VB B-VP
the DT B-NP
potential JJ I-NP
returns NNS I-NP
on IN B-PP
a DT B-NP
$ $ I-NP
475 CD I-NP
million CD I-NP
debenture NN I-NP
offering NN I-NP
by IN B-PP
Chicago NNP B-NP
& CC I-NP
North NNP I-NP
Western NNP I-NP
Acquisition NNP I-NP
Corp. NNP I-NP
that WDT B-NP
was VBD B-VP
still RB I-VP
being VBG I-VP
negotiated VBN I-VP
late JJ B-NP
last JJ I-NP
night NN I-NP
. . O

The DT B-NP
issue NN I-NP
by IN B-PP
Chicago NNP B-NP
& CC I-NP
North NNP I-NP
Western NN I-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
the DT B-NP
so-called JJ I-NP
good JJ I-NP
junk-bond NN I-NP
offerings NNS I-NP
on IN B-PP
the DT B-NP
new-issue JJ I-NP
calendar NN I-NP
. . O

Some DT B-NP
analysts NNS I-NP
said VBD B-VP
the DT B-NP
restructuring NN I-NP
of IN B-PP
the DT B-NP
railroad NN I-NP
concern NN I-NP
's POS B-NP
issue NN I-NP
shows VBZ B-VP
how WRB B-ADJP
tough JJ I-ADJP
it PRP B-NP
is VBZ B-VP
for IN B-SBAR
underwriters NNS B-NP
to TO B-VP
sell VB I-VP
even RB B-ADVP
the DT B-NP
junk NN I-NP
bonds NNS I-NP
of IN B-PP
a DT B-NP
company NN I-NP
considered VBN B-VP
to TO I-VP
be VB I-VP
a DT B-NP
relatively RB I-NP
good JJ I-NP
credit NN I-NP
risk NN I-NP
. . O

Since IN B-PP
last JJ B-NP
week NN I-NP
's POS B-NP
junk-bond NN I-NP
market NN I-NP
debacle NN I-NP
, , O
many JJ B-NP
new JJ I-NP
issues NNS I-NP
of IN B-PP
high-yield JJ B-NP
, , I-NP
high-risk JJ I-NP
corporate JJ I-NP
bonds NNS I-NP
have VBP B-VP
either DT I-VP
been VBN I-VP
scaled VBN I-VP
back RB B-PRT
, , O
delayed VBN B-VP
or CC O
dropped VBD B-VP
. . O

On IN B-PP
Wednesday NNP B-NP
, , O
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc. NNP I-NP
had VBD B-VP
to TO I-VP
slash VB I-VP
the DT B-NP
size NN I-NP
of IN B-PP
Continental NNP B-NP
Airlines NNPS I-NP
' POS B-NP
junk-bond NN I-NP
offering NN I-NP
to TO B-PP
$ $ B-NP
71 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
150 CD I-NP
million CD I-NP
. . O

Salomon NNP B-NP
Brothers NNP I-NP
Inc. NNP I-NP
has VBZ B-VP
delayed VBN I-VP
Grand NNP B-NP
Union NNP I-NP
Co. NNP I-NP
's POS B-NP
$ $ B-ADJP
1.16 CD O
billion CD O
junk-bond NN B-NP
offering NN I-NP
while IN B-SBAR
it PRP B-NP
restructures VBZ B-VP
the DT B-NP
transaction NN I-NP
. . O

Last JJ B-NP
week NN I-NP
, , O
the DT B-NP
Grand NNP I-NP
Union NNP I-NP
offering NN I-NP
was VBD B-VP
sweetened VBN I-VP
to TO B-VP
include VB I-VP
warrants NNS B-NP
that WDT B-NP
allow VBP B-VP
bondholders NNS B-NP
to TO B-VP
acquire VB I-VP
common JJ B-NP
stock NN I-NP
. . O

Prudential-Bache NNP B-NP
said VBD B-VP
the DT B-NP
York NNP I-NP
issue NN I-NP
was VBD B-VP
delayed VBN I-VP
because IN B-PP
of IN I-PP
market NN B-NP
conditions NNS I-NP
. . O

`` `` O
Everything NN B-NP
is VBZ B-VP
going VBG I-VP
through IN B-PP
firehoops NNS B-NP
right RB B-ADVP
now RB I-ADVP
, , O
and CC O
-LCB- ( O
Chicago NNP B-NP
& CC I-NP
North NNP I-NP
Western JJ I-NP
-RCB- ) O
is VBZ B-VP
no DT B-NP
exception NN I-NP
, , O
'' '' O
said VBD B-VP
Mariel NNP B-NP
Clemensen NNP I-NP
, , O
vice NN B-NP
president NN I-NP
, , O
high-yield JJ B-NP
research NN I-NP
, , O
at IN B-PP
Citicorp NNP B-NP
. . O

Portfolio NN B-NP
managers NNS I-NP
say VBP B-VP
sweeteners NNS B-NP
like IN B-PP
equity NN B-NP
kickers NNS I-NP
and CC O
stricter JJR B-NP
protective JJ I-NP
covenants NNS I-NP
may MD B-VP
increasingly RB I-VP
be VB I-VP
required VBN I-VP
to TO B-VP
sell VB I-VP
junk-bond NN B-NP
deals NNS I-NP
. . O

Dan NNP B-NP
Baldwin NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
of IN B-PP
high-yield JJ B-NP
investments NNS I-NP
at IN B-PP
Chancellor NNP B-NP
Capital NNP I-NP
Management NNP I-NP
, , O
said VBD B-VP
the DT B-NP
Chicago NNP I-NP
& CC I-NP
North NNP I-NP
Western JJ I-NP
offering NN I-NP
was VBD B-VP
restructured VBN I-VP
in IN B-PP
part NN B-NP
because IN B-SBAR
`` `` O
several JJ B-NP
large JJ I-NP
insurance NN I-NP
buyers NNS I-NP
right RB B-ADVP
now RB I-ADVP
are VBP B-VP
demanding VBG I-VP
equity NN B-NP
as IN B-PP
part NN B-NP
of IN B-PP
the DT B-NP
package NN I-NP
. . O

If IN B-SBAR
you PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
take VB I-VP
the DT B-NP
risk NN I-NP
in IN B-PP
this DT B-NP
market NN I-NP
, , O
you PRP B-NP
want VBP B-VP
something NN B-NP
extra JJ B-ADJP
. . O
'' '' O

Mr. NNP B-NP
Baldwin NNP I-NP
likes VBZ B-VP
the DT B-NP
offering NN I-NP
. . O

But CC O
several JJ B-NP
mutual-fund JJ I-NP
managers NNS I-NP
, , O
nervous JJ B-ADJP
about IN B-PP
the DT B-NP
deteriorating VBG I-NP
quality NN I-NP
of IN B-PP
their PRP$ B-NP
junk-bond NN I-NP
portfolios NNS I-NP
and CC O
shy JJ B-ADJP
about IN B-PP
buying VBG B-VP
new JJ B-NP
issues NNS I-NP
, , O
said VBD B-VP
they PRP B-NP
're VBP B-VP
staying VBG I-VP
away RB B-ADVP
from IN B-PP
any DT B-NP
junk NN I-NP
security NN I-NP
that WDT B-NP
is VBZ B-VP
n't RB I-VP
considered VBN I-VP
first JJ B-ADJP
rate NN I-ADJP
for IN B-PP
its PRP$ B-NP
class NN I-NP
. . O

While IN B-SBAR
they PRP B-NP
consider VBP B-VP
the DT B-NP
Chicago NNP I-NP
& CC I-NP
North NNP I-NP
Western JJ I-NP
issue NN I-NP
to TO B-VP
be VB I-VP
good JJ B-ADJP
, , O
they PRP B-NP
do VBP B-VP
n't RB I-VP
view VB I-VP
it PRP B-NP
as IN B-PP
the DT B-NP
best JJS I-NP
. . O

To TO B-VP
lure VB I-VP
buyers NNS B-NP
to TO B-PP
the DT B-NP
Chicago NNP I-NP
& CC I-NP
North NNP I-NP
Western JJ I-NP
bonds NNS I-NP
, , O
portfolio NN B-NP
managers NNS I-NP
said VBD B-VP
Donaldson NNP B-NP
Lufkin NNP I-NP
sweetened VBD B-VP
the DT B-NP
transaction NN I-NP
by IN B-PP
offering VBG B-VP
the DT B-NP
bonds NNS I-NP
with IN B-PP
a DT B-NP
resettable JJ I-NP
interest NN I-NP
rate NN I-NP
and CC O
a DT B-NP
10 CD I-NP
% NN I-NP
equity NN I-NP
kicker NN I-NP
. . O

The DT B-NP
bonds NNS I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
have VB I-VP
a DT B-NP
14 CD I-NP
1\/2 CD I-NP
% NN I-NP
coupon NN I-NP
rate NN I-NP
. . O

The DT B-NP
equity NN I-NP
arrangement NN I-NP
apparently RB B-ADVP
would MD B-VP
allow VB I-VP
bondholders NNS B-NP
to TO B-VP
buy VB I-VP
a DT B-NP
total NN I-NP
of IN B-PP
10 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
stock NN I-NP
of IN B-PP
CNW NNP B-NP
Corp. NNP I-NP
, , O
Chicago NNP B-NP
& CC I-NP
North NNP I-NP
Western NN I-NP
's POS B-NP
parent NN I-NP
company NN I-NP
. . O

Donaldson NNP B-NP
Lufkin NNP I-NP
declined VBD B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
the DT B-NP
restructuring NN I-NP
. . O

According VBG B-PP
to TO B-PP
some DT B-NP
analysts NNS I-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
negotiations NNS I-NP
, , O
the DT B-NP
10 CD I-NP
% NN I-NP
of IN B-PP
equity NN B-NP
would MD B-VP
come VB I-VP
directly RB B-ADVP
from IN B-PP
Donaldson NNP B-NP
Lufkin NNP I-NP
and CC O
a DT B-NP
fund NN I-NP
affiliated VBN B-VP
with IN B-PP
the DT B-NP
investment NN I-NP
bank NN I-NP
Blackstone NNP I-NP
Group NNP I-NP
, , O
which WDT B-NP
would MD B-VP
reduce VB I-VP
their PRP$ B-NP
CNW NNP I-NP
equity NN I-NP
holdings NNS I-NP
by IN B-PP
5 NN B-NP
% NN I-NP
each DT B-NP
. . O

That DT B-NP
would MD B-VP
leave VB I-VP
the DT B-NP
Blackstone NNP I-NP
fund NN I-NP
with IN B-PP
a DT B-NP
60 CD I-NP
% NN I-NP
stake NN I-NP
and CC O
Donaldson NNP B-NP
Lufkin NNP I-NP
with IN B-PP
15 CD B-NP
% NN I-NP
. . O

Despite IN B-PP
the DT B-NP
problems NNS I-NP
with IN B-PP
new JJ B-NP
issues NNS I-NP
, , O
high-yield JJ B-NP
bonds NNS I-NP
showed VBD B-VP
gains NNS B-NP
in IN B-PP
the DT B-NP
secondary JJ I-NP
, , I-NP
or CC I-NP
resell VB I-NP
, , I-NP
market NN I-NP
. . O

Junk NN B-NP
bonds NNS I-NP
ended VBD B-VP
about IN B-NP
one-half NN I-NP
point NN I-NP
higher JJR B-ADVP
with IN B-PP
so-called JJ B-NP
high-quality JJ I-NP
issues NNS I-NP
from IN B-PP
RJR NNP B-NP
Capital NNP I-NP
Holdings NNP I-NP
Corp. NNP I-NP
and CC O
Petrolane NNP B-NP
Gas NNP I-NP
Service NNP I-NP
Limited NNP I-NP
Partnership NNP I-NP
rising VBG B-VP
one CD B-NP
point NN I-NP
. . O

In IN B-PP
the DT B-NP
Treasury NNP I-NP
market NN I-NP
, , O
the DT B-NP
benchmark NN I-NP
30-year JJ I-NP
bond NN I-NP
rose VBD B-VP
seven-eighths NNS B-NP
point VBP I-NP
, , O
or CC O
$ $ B-NP
8.75 CD I-NP
for IN B-PP
each DT B-NP
$ $ I-NP
1,000 CD I-NP
face NN I-NP
amount NN I-NP
. . O

The DT B-NP
gain NN I-NP
reflects VBZ B-VP
fresh JJ B-NP
economic JJ I-NP
evidence NN I-NP
that DT O
inflation NN B-NP
is VBZ B-VP
moderating VBG I-VP
while IN B-SBAR
the DT B-NP
economy NN I-NP
slows NNS B-VP
. . O

That DT B-NP
raised VBN B-VP
hopes VBZ B-NP
that IN B-SBAR
interest NN B-NP
rates NNS I-NP
will MD B-VP
continue VB I-VP
to TO I-VP
move VB I-VP
lower JJR B-ADVP
. . O

The DT B-NP
Labor NNP I-NP
Department NNP I-NP
reported VBD B-VP
that IN B-SBAR
consumer NN B-NP
prices NNS I-NP
rose VBD B-VP
just RB B-NP
0.2 CD I-NP
% NN I-NP
last JJ B-NP
month NN I-NP
, , O
slightly RB B-ADVP
lower JJR I-ADVP
than IN B-SBAR
some DT B-NP
economists NNS I-NP
had VBD B-VP
expected VBN I-VP
. . O

But CC O
there EX B-NP
were VBD B-VP
also RB B-ADVP
rumors VBZ B-NP
yesterday NN B-NP
that IN B-SBAR
several JJ B-NP
Japanese JJ I-NP
institutional JJ I-NP
investors NNS I-NP
were VBD B-VP
shifting VBG I-VP
their PRP$ B-NP
portfolios NNS I-NP
and CC O
buying VBG B-VP
long-term JJ B-NP
bonds NNS I-NP
while IN B-SBAR
selling VBG B-VP
shorter-term JJ B-NP
Treasurys NNPS I-NP
. . O

Short-term NNP B-NP
Treasury NNP I-NP
securities NNS I-NP
ended VBD B-VP
narrowly RB B-ADJP
mixed VBN I-ADJP
, , O
with IN B-PP
two-year JJ B-NP
notes NNS I-NP
posting VBG B-VP
slight JJ B-NP
declines NNS I-NP
while IN B-SBAR
three-year JJ B-NP
notes NNS I-NP
were VBD B-VP
slightly RB B-ADJP
higher JJR I-ADJP
. . O

Yesterday NN B-NP
, , O
the DT B-NP
Fed NNP I-NP
executed VBD B-VP
four-day JJ B-NP
matched VBN I-NP
sales NNS I-NP
, , O
a DT B-NP
technical JJ I-NP
trading NN I-NP
operation NN I-NP
designed VBN B-VP
to TO I-VP
drain VB I-VP
reserves NNS B-NP
from IN B-PP
the DT B-NP
banking NN I-NP
system NN I-NP
. . O

The DT B-NP
move NN I-NP
was VBD B-VP
interpreted VBN I-VP
by IN B-PP
some DT B-NP
economists NNS I-NP
as IN B-PP
a DT B-NP
sign NN I-NP
that IN B-SBAR
the DT B-NP
Fed NNP I-NP
does VBZ B-VP
n't RB I-VP
want VB I-VP
the DT B-NP
federal JJ I-NP
funds NNS I-NP
rate NN I-NP
to TO B-VP
move VB I-VP
any DT B-ADVP
lower JJR I-ADVP
than IN B-PP
the DT B-NP
8 CD I-NP
3\/4 CD I-NP
% NN I-NP
at IN B-PP
which WDT B-NP
it PRP B-NP
has VBZ B-VP
been VBN I-VP
hovering VBG I-VP
around IN B-PP
during IN B-PP
the DT B-NP
past JJ I-NP
week NN I-NP
. . O

The DT B-NP
closely RB I-NP
watched VBN I-NP
funds NNS I-NP
rate NN I-NP
is VBZ B-VP
what WP B-NP
banks VBZ B-NP
charge VBP B-VP
each DT B-NP
other NN I-NP
on IN B-PP
overnight JJ B-NP
loans NNS I-NP
. . O

It PRP B-NP
is VBZ B-VP
considered VBN I-VP
an DT B-NP
early JJ I-NP
signal NN I-NP
of IN B-PP
Fed NNP B-NP
credit NN I-NP
policy NN I-NP
changes NNS I-NP
. . O

`` `` O
The DT B-NP
fact NN I-NP
that IN B-SBAR
they PRP B-NP
did VBD B-VP
four-day JJ B-NP
matched VBN I-NP
sales NNS I-NP
means VBZ B-VP
they PRP B-NP
are VBP B-VP
not RB O
in IN B-PP
a DT B-NP
mood NN I-NP
to TO B-VP
ease VB I-VP
aggressively RB B-ADVP
. . O

They PRP B-NP
are VBP B-VP
telling VBG I-VP
us PRP B-NP
that IN B-SBAR
-LCB- ( O
8 CD B-NP
3\/4 CD I-NP
% NN I-NP
-RCB- ) O
is VBZ B-VP
as RB B-ADVP
low JJ I-ADVP
as IN B-SBAR
they PRP B-NP
want VBP B-VP
to TO I-VP
see VB I-VP
the DT B-NP
fed VBN I-NP
funds NNS I-NP
rate NN I-NP
, , O
'' '' O
said VBD B-VP
Robert NNP B-NP
Chandross NNP I-NP
at IN B-PP
Lloyds NNP B-NP
Bank NNP I-NP
PLC NNP I-NP
. . O

Treasury NNP B-NP
Securities NNPS I-NP

The DT B-NP
benchmark NN I-NP
30-year JJ I-NP
bond NN I-NP
was VBD B-VP
quoted VBN I-VP
late RB B-ADVP
at IN B-PP
a DT B-NP
price NN I-NP
of IN B-PP
101 CD B-NP
25\/32 CD I-NP
to TO B-VP
yield VB I-VP
7.955 CD B-NP
% NN I-NP
, , O
compared VBN B-PP
with IN B-PP
100 CD B-NP
29\/32 CD I-NP
to TO B-VP
yield VB I-VP
8.032 CD B-NP
% NN I-NP
Wednesday NNP B-NP
. . O

The DT B-NP
latest JJS I-NP
10-year JJ I-NP
notes NNS I-NP
were VBD B-VP
quoted VBN I-VP
late RB B-ADVP
at IN B-PP
100 CD B-NP
9\/32 CD I-NP
to TO B-VP
yield VB I-VP
7.937 CD B-NP
% NN I-NP
, , O
compared VBN B-PP
with IN B-PP
99 CD B-NP
26\/32 CD I-NP
to TO B-VP
yield VB I-VP
8.007 CD B-NP
% NN I-NP
. . O

Short-term JJ B-NP
rates NNS I-NP
rose VBD B-VP
yesterday NN B-NP
. . O

The DT B-NP
discount NN I-NP
rate NN I-NP
on IN B-PP
three-month JJ B-NP
Treasury NNP I-NP
bills NNS I-NP
rose VBD B-VP
to TO B-PP
7.56 CD B-NP
% NN I-NP
from IN B-PP
7.51 CD B-NP
% NN I-NP
Wednesday NNP B-NP
, , O
while IN B-SBAR
the DT B-NP
rate NN I-NP
on IN B-PP
six-month JJ B-NP
bills NNS I-NP
rose VBD B-VP
to TO B-PP
7.57 CD B-NP
% NN I-NP
from IN B-PP
7.53 CD B-NP
% NN I-NP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
Treasury NNP I-NP
sold VBD B-VP
$ $ B-NP
9.75 CD I-NP
billion CD I-NP
of IN B-PP
52-week JJ B-NP
bills NNS I-NP
yesterday NN B-NP
. . O

The DT B-NP
average JJ I-NP
yield NN I-NP
on IN B-PP
the DT B-NP
bills NNS I-NP
was VBD B-VP
7.35 CD B-NP
% NN I-NP
, , O
down RB B-ADVP
from IN B-PP
7.61 CD B-NP
% NN I-NP
at IN B-PP
the DT B-NP
previous JJ I-NP
52-week JJ I-NP
bill NN I-NP
auction NN I-NP
Sept. NNP B-NP
21 CD I-NP
. . O

Yesterday NN B-NP
's POS B-NP
yield NN I-NP
was VBD B-VP
the DT B-NP
lowest JJS I-NP
since IN B-PP
7.22 CD B-NP
% NN I-NP
on IN B-PP
July NNP B-NP
27 CD I-NP
. . O

Here RB B-ADVP
are VBP B-VP
details NNS B-NP
of IN B-PP
the DT B-NP
auction NN I-NP
: : O

Rates NNS B-NP
are VBP B-VP
determined VBN I-VP
by IN B-PP
the DT B-NP
difference NN I-NP
between IN B-PP
the DT B-NP
purchase NN I-NP
price NN I-NP
and CC I-NP
face NN I-NP
value NN I-NP
. . O

Thus RB B-ADVP
, , O
higher JJR B-NP
bidding NN I-NP
narrows VBZ B-VP
the DT B-NP
investor NN I-NP
's POS B-NP
return NN I-NP
while IN B-SBAR
lower JJR B-NP
bidding NN I-NP
widens VBZ B-VP
it PRP B-NP
. . O

The DT B-NP
percentage NN I-NP
rates NNS I-NP
are VBP B-VP
calculated VBN I-VP
on IN B-PP
a DT B-NP
360-day JJ I-NP
year NN I-NP
, , O
while IN B-SBAR
the DT B-NP
coupon-equivalent JJ I-NP
yield NN I-NP
is VBZ B-VP
based VBN I-VP
on IN B-PP
a DT B-NP
365-day JJ I-NP
year NN I-NP
. . O

Corporate JJ B-NP
Issues NNS I-NP

Junk NN B-NP
bond NN I-NP
price NN I-NP
climbed VBD B-VP
yesterday NN B-NP
despite IN B-PP
skittishness NN B-NP
in IN B-PP
the DT B-NP
new-issue JJ I-NP
market NN I-NP
for IN B-PP
high-yield JJ B-NP
securities NNS I-NP
. . O

Dealers NNS B-NP
said VBD B-VP
junk NN B-NP
bond NN I-NP
issues NNS I-NP
on IN B-PP
average NN B-NP
were VBD B-VP
up IN B-ADVP
by IN B-PP
1\/4 CD B-NP
to TO I-NP
1\/2 CD I-NP
point NN I-NP
with IN B-PP
so-called JJ B-NP
quality NN I-NP
issues NNS I-NP
from IN B-PP
RJR NNP B-NP
Capital NNP I-NP
Holdings NNP I-NP
Corp. NNP I-NP
and CC O
Petrolane NNP B-NP
Gas NNP I-NP
Service NNP I-NP
Limited NNP I-NP
Partnership NNP I-NP
posting VBG B-VP
one-point JJ B-NP
gains NNS I-NP
. . O

Petrolane NNP B-NP
Gas NNP I-NP
Service NNP I-NP
's POS B-NP
13 CD B-ADJP
1\/4 CD I-ADJP
% NN I-ADJP
debentures NNS B-NP
traded VBN B-VP
at IN B-PP
102 CD B-NP
, , O
after IN B-PP
trading NN B-VP
around IN B-PP
par NN B-NP
earlier RBR B-NP
this DT I-NP
week NN I-NP
, , O
and CC O
RJR NNP B-NP
's POS B-NP
13 CD B-ADJP
1\/2 CD I-ADJP
% NN I-ADJP
subordinated VBD B-NP
debentures NNS I-NP
of IN B-PP
2001 CD B-NP
were VBD B-VP
at IN B-PP
101 CD B-NP
5\/8 CD I-NP
after IN B-PP
trading NN B-VP
at IN B-PP
below IN B-PP
par NN B-NP
earlier RBR B-NP
this DT I-NP
week NN I-NP
. . O

Investment-grade JJ B-NP
bonds NNS I-NP
were VBD B-VP
unchanged JJ B-ADJP
. . O

Municipals NNS B-NP

Activity NN B-NP
was VBD B-VP
brisk JJ B-ADJP
in IN B-PP
the DT B-NP
high-grade JJ I-NP
general JJ I-NP
obligation NN I-NP
market NN I-NP
, , O
as IN B-SBAR
a DT B-NP
series NN I-NP
of IN B-PP
sell NN B-NP
lists NNS I-NP
hit VBD B-VP
the DT B-NP
Street NNP I-NP
and CC O
capped VBD B-VP
upward JJ B-NP
price NN I-NP
movement NN I-NP
in IN B-PP
the DT B-NP
sector NN I-NP
. . O

Traders NNS B-NP
estimated VBN B-VP
that IN B-SBAR
more JJR B-NP
than IN I-NP
$ $ I-NP
140 CD I-NP
million CD I-NP
of IN B-PP
high-grade JJ B-NP
bonds NNS I-NP
was VBD B-VP
put VBN I-VP
up IN B-PRT
for IN B-PP
sale NN B-NP
via IN B-PP
bid-wanted JJ B-NP
lists NNS I-NP
circulated VBN B-VP
by IN B-PP
a DT B-NP
handful NN I-NP
of IN B-PP
major JJ B-NP
brokers NNS I-NP
. . O

There EX B-NP
was VBD B-VP
speculation NN B-NP
that IN B-SBAR
the DT B-NP
supply NN I-NP
was VBD B-VP
coming VBG I-VP
from IN B-PP
a DT B-NP
commercial JJ I-NP
bank NN I-NP
's POS B-NP
portfolios NNS I-NP
. . O

According VBG B-PP
to TO B-PP
market VB B-NP
participants NNS I-NP
, , O
the DT B-NP
bonds NNS I-NP
were VBD B-VP
met VBN I-VP
with IN B-PP
decent JJ B-NP
bids NNS I-NP
, , O
but CC O
the DT B-NP
volume NN I-NP
of IN B-PP
paper NN B-NP
left VBD B-VP
high JJ B-NP
grades NNS I-NP
in IN B-PP
the DT B-NP
10-year JJ I-NP
and CC I-NP
under IN I-NP
maturity NN I-NP
range NN I-NP
unchanged JJ B-ADJP
to TO B-ADVP
0.05 CD B-ADVP
percentage NN I-ADVP
point NN I-ADVP
higher JJR I-ADVP
in IN B-PP
yield NN B-NP
. . O

Away RB B-ADVP
from IN B-PP
the DT B-NP
general JJ I-NP
obligation NN I-NP
sector NN I-NP
, , O
activity NN B-NP
was VBD B-VP
modest JJ B-ADJP
. . O

Long JJ B-NP
dollar NN I-NP
bonds NNS I-NP
were VBD B-VP
flat JJ B-ADJP
to TO O
up IN B-ADVP
3\/8 CD B-NP
point NN I-NP
. . O

New NNP B-NP
Jersey NNP I-NP
Turnpike NNP I-NP
Authority NNP I-NP
's POS B-NP
7.20 CD B-ADJP
% NN I-ADJP
issue NN B-NP
of IN B-PP
2018 CD B-NP
was VBD B-VP
up IN B-ADVP
3\/8 CD B-NP
at IN B-PP
98 CD B-NP
3\/8 CD I-NP
bid NN B-VP
to TO B-VP
yield VB I-VP
about IN B-NP
7.32 CD I-NP
% NN I-NP
, , O
down RB B-ADVP
0.03 CD B-NP
percentage NN I-NP
point NN I-NP
. . O

The DT B-NP
debt NN I-NP
of IN B-PP
some DT B-NP
California NNP I-NP
issuers NNS I-NP
pulled VBD B-VP
off IN B-PP
lows NNS B-NP
reached VBN B-VP
after IN B-PP
Tuesday NNP B-NP
's POS B-NP
massive JJ I-NP
earthquake NN I-NP
, , O
although IN B-SBAR
traders NNS B-NP
said VBD B-VP
market NN B-NP
participants NNS I-NP
remained VBD B-VP
cautious JJ B-ADJP
. . O

California NNP B-NP
expects VBZ B-VP
to TO I-VP
rely VB I-VP
on IN B-PP
federal JJ B-NP
emergency NN I-NP
funds NNS I-NP
and CC O
its PRP$ B-NP
$ $ I-NP
1.06 CD I-NP
billion CD I-NP
in IN B-PP
general JJ B-NP
fund NN I-NP
reserves NNS I-NP
to TO B-VP
meet VB I-VP
the DT B-NP
estimated VBN I-NP
$ $ I-NP
500 CD I-NP
million CD I-NP
to TO I-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
in IN B-PP
damages NNS B-NP
resulting VBG B-VP
from IN B-PP
the DT B-NP
quake NN I-NP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
state NN I-NP
official NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
also RB B-ADVP
unclear JJ B-ADJP
precisely RB B-ADVP
how WRB I-ADVP
the DT B-NP
state NN I-NP
will MD B-VP
rebuild VB I-VP
its PRP$ B-NP
reserve NN I-NP
, , O
said VBD B-VP
Cindy NNP B-NP
Katz NNP I-NP
, , O
assistant NN B-NP
director NN I-NP
of IN B-PP
California NNP B-NP
's POS B-NP
department NN I-NP
of IN B-PP
finance NN B-NP
, , O
although IN B-SBAR
she PRP B-NP
noted VBD B-VP
that IN B-SBAR
a DT B-NP
bond NN I-NP
offering NN I-NP
for IN B-PP
that DT B-NP
purpose NN I-NP
is VBZ B-VP
n't RB I-VP
anticipated VBN I-VP
. . O

Meanwhile RB B-ADVP
, , O
new JJ B-NP
issuance NN I-NP
was VBD B-VP
slow JJ B-ADJP
. . O

The DT B-NP
largest JJS I-NP
sale NN I-NP
in IN B-PP
the DT B-NP
competitive JJ I-NP
arena NN I-NP
was VBD B-VP
a DT B-NP
$ $ I-NP
55.7 CD I-NP
million CD I-NP
issue NN I-NP
of IN B-PP
school NN B-NP
financing NN I-NP
bonds NNS I-NP
from IN B-PP
the DT B-NP
Virginia NNP I-NP
Public NNP I-NP
School NNP I-NP
Authority NNP I-NP
. . O

A DT B-NP
balance NN I-NP
of IN B-PP
$ $ B-NP
25.8 CD I-NP
million CD I-NP
remained VBD B-VP
in IN B-PP
late JJ B-NP
order-taking NN I-NP
, , O
according VBG B-PP
to TO B-PP
the DT B-NP
lead NN I-NP
manager NN I-NP
. . O

Mortgage-Backed JJ B-NP
Securities NNPS I-NP

Mortgage NN B-NP
securities NNS I-NP
generally RB B-ADVP
ended VBD B-VP
6\/32 CD B-NP
to TO I-NP
9\/32 CD I-NP
point NN I-NP
higher JJR B-ADVP
, , O
but CC O
lagged VBD B-VP
gains NNS B-NP
in IN B-PP
the DT B-NP
Treasury NNP I-NP
market NN I-NP
because IN B-PP
of IN I-PP
a DT B-NP
shift NN I-NP
in IN B-PP
the DT B-NP
shape NN I-NP
of IN B-PP
the DT B-NP
Treasury NNP I-NP
yield NN I-NP
curve NN I-NP
and CC O
rumored VBN B-NP
mortgage NN I-NP
sales NNS I-NP
by IN B-PP
thrifts NNS B-NP
. . O

Premium NNP B-NP
Government NNP I-NP
National NNP I-NP
Mortgage NNP I-NP
Association NNP I-NP
securities NNS I-NP
with IN B-PP
coupon NN B-NP
rates NNS I-NP
of IN B-PP
13 CD B-NP
% NN I-NP
and CC O
higher JJR B-NP
actually RB B-ADVP
declined VBD B-VP
amid IN B-PP
concerns NNS B-NP
about IN B-PP
increased VBN B-NP
prepayments NNS I-NP
because IN B-PP
of IN I-PP
a DT B-NP
plan NN I-NP
being VBG B-VP
considered VBN I-VP
by IN B-PP
Congress NNP B-NP
to TO B-VP
speed VB I-VP
the DT B-NP
refinancing NN I-NP
of IN B-PP
government-subsidized JJ B-NP
mortgages NNS I-NP
. . O

Ginnie NNP B-NP
Mae NNP I-NP
13 CD I-NP
% NN I-NP
securities NNS I-NP
were VBD B-VP
down RB B-ADVP
about IN B-NP
1\/4 CD I-NP
at IN B-PP
109 CD B-NP
30\/32 CD I-NP
. . O

If IN B-SBAR
the DT B-NP
refinancing NN I-NP
plan NN I-NP
clears VBZ B-VP
Congress NNP B-NP
, , O
there EX B-NP
could MD B-VP
be VB I-VP
fairly RB B-NP
heavy JJ I-NP
prepayments NNS I-NP
on IN B-PP
the DT B-NP
premium NN I-NP
securities NNS I-NP
, , O
hurting VBG B-VP
any DT B-NP
investor NN I-NP
paying VBG B-VP
much JJ B-ADVP
above IN I-ADVP
par NN B-NP
for IN B-PP
them PRP B-NP
. . O

In IN B-PP
the DT B-NP
current-coupon JJ I-NP
sector NN I-NP
, , O
a DT B-NP
shift NN I-NP
in IN B-PP
the DT B-NP
Treasury NNP I-NP
yield NN I-NP
curve NN I-NP
resulting VBG B-VP
from IN B-PP
the DT B-NP
better JJR I-NP
performance NN I-NP
of IN B-PP
long-dated JJ B-NP
issues NNS I-NP
over IN B-PP
short-dated JJ B-NP
securities NNS I-NP
hurt VBD B-VP
major JJ B-NP
coupons NNS I-NP
because IN B-SBAR
it PRP B-NP
will MD B-VP
become VB I-VP
more RBR B-ADJP
difficult JJ I-ADJP
to TO B-VP
structure VB I-VP
new JJ B-NP
derivative JJ I-NP
securities NNS I-NP
offerings NNS I-NP
. . O

Ginnie NNP B-NP
Mae NNP I-NP
9 CD I-NP
% NN I-NP
securities NNS I-NP
ended VBD B-VP
at IN B-PP
98 CD B-NP
6\/32 CD I-NP
, , O
up IN B-ADVP
9\/32 CD B-NP
, , O
and CC O
Federal NNP B-NP
Home NNP I-NP
Loan NNP I-NP
Mortgage NNP I-NP
Corp. NNP I-NP
9 CD I-NP
% NN I-NP
securities NNS I-NP
were VBD B-VP
at IN B-PP
97 CD B-NP
10\/32 CD I-NP
, , O
up IN B-ADVP
6\/32 CD B-NP
. . O

The DT B-NP
Ginnie NNP I-NP
Mae NNP I-NP
9 CD I-NP
% NN I-NP
issue NN I-NP
was VBD B-VP
yielding VBG I-VP
9.42 CD B-NP
% NN I-NP
to TO B-PP
a DT B-NP
12-year JJ I-NP
average JJ I-NP
life NN I-NP
assumption NN I-NP
, , O
as IN B-SBAR
the DT B-NP
spread NN I-NP
above IN B-PP
the DT B-NP
Treasury NNP I-NP
10-year JJ I-NP
note NN I-NP
widened VBD B-VP
0.03 CD B-NP
percentage NN I-NP
point NN I-NP
to TO B-PP
1.48 CD B-NP
. . O

While IN B-SBAR
Remic NNP B-NP
issuance NN I-NP
may MD B-VP
slow VB I-VP
in IN B-PP
the DT B-NP
coming VBG I-NP
days NNS I-NP
because IN B-PP
of IN I-PP
the DT B-NP
shift NN I-NP
in IN B-PP
the DT B-NP
Treasury NNP I-NP
yield NN I-NP
curve NN I-NP
, , O
underwriters NNS B-NP
continued VBD B-VP
to TO I-VP
crank VB I-VP
out IN B-PRT
new JJ B-NP
real JJ I-NP
estate NN I-NP
mortgage NN I-NP
investment NN I-NP
conduits NNS I-NP
structured VBN B-VP
when WRB B-ADVP
the DT B-NP
yield NN I-NP
curve NN I-NP
was VBD B-VP
more RBR B-ADJP
favorable JJ I-ADJP
. . O

Two CD B-NP
new JJ I-NP
Remics NNS I-NP
totaling VBG B-VP
$ $ B-NP
900 CD I-NP
million CD I-NP
were VBD B-VP
announced VBN I-VP
by IN B-PP
Freddie NNP B-NP
Mac NNP I-NP
yesterday NN B-NP
. . O

Foreign JJ B-NP
Bonds NNS I-NP

British JJ B-NP
government NN I-NP
bonds NNS I-NP
ended VBD B-VP
little RB B-ADJP
changed VBN I-ADJP
as IN B-SBAR
investors NNS B-NP
awaited VBD B-VP
an DT B-NP
economic JJ I-NP
policy NN I-NP
address NN I-NP
last JJ B-NP
night NN I-NP
by IN B-PP
Chancellor NNP O
of IN B-PP
the DT B-NP
Exchequer NNP I-NP
Nigel NNP B-NP
Lawson NNP I-NP
. . O

The DT B-NP
Treasury NNP I-NP
11 CD I-NP
3\/4 CD I-NP
% NN I-NP
bond NN I-NP
due JJ B-ADJP
2003\/2007 CD B-NP
was VBD B-VP
down RB B-ADVP
2\/32 CD B-NP
at IN B-PP
111 CD B-NP
29\/32 CD I-NP
to TO B-VP
yield VB I-VP
10.09 CD B-NP
% NN I-NP
, , O
while IN B-SBAR
the DT B-NP
11 CD I-NP
3\/4 CD I-NP
% NN I-NP
notes NNS I-NP
due JJ B-ADJP
1991 CD B-NP
were VBD B-VP
unchanged JJ B-ADJP
at IN B-PP
98 CD B-NP
19\/32 CD I-NP
to TO B-VP
yield VB I-VP
12.94 CD B-NP
% NN I-NP
. . O

In IN B-PP
Japan NNP B-NP
, , O
the DT B-NP
bellwether NN I-NP
No. NN I-NP
111 CD I-NP
4.6 CD I-NP
% NN I-NP
bond NN I-NP
of IN B-PP
1998 CD B-NP
ended VBD B-VP
off IN B-ADVP
0.03 CD B-NP
at IN B-PP
95.72 CD B-NP
, , O
to TO B-VP
yield VB I-VP
5.32 CD B-NP
% NN I-NP
, , O
and CC O
in IN B-PP
West NNP B-NP
Germany NNP I-NP
, , O
the DT B-NP
7 CD I-NP
% NN I-NP
benchmark NN I-NP
issue NN I-NP
due JJ B-ADJP
October NNP B-NP
1999 CD I-NP
ended VBD B-VP
0.05 CD B-NP
point NN I-NP
lower JJR B-ADVP
at IN B-PP
99.85 CD B-NP
to TO B-VP
yield VB I-VP
7.02 CD B-NP
% NN I-NP
. . O

THE DT B-NP
PANHANDLER NN I-NP
approaches NNS B-VP
, , O
makes VBZ B-VP
his PRP$ B-NP
pitch NN I-NP
. . O

It PRP B-NP
may MD B-VP
be VB I-VP
straightforward JJ B-ADJP
-- : O
he PRP B-NP
wants VBZ B-VP
money NN B-NP
for IN B-PP
food NN B-NP
-- : O
or CC O
incredibly RB B-ADJP
convoluted JJ I-ADJP
; : O
his PRP$ B-NP
sister NN I-NP
is VBZ B-VP
at IN B-PP
this DT B-NP
very JJ I-NP
moment NN I-NP
near IN B-PP
death NN B-NP
in IN B-PP
Hoboken NNP B-NP
, , O
he PRP B-NP
has VBZ B-VP
lost VBN I-VP
his PRP$ B-NP
wallet NN I-NP
and CC O
has VBZ B-VP
only RB B-NP
$ $ I-NP
1.22 CD I-NP
in IN B-PP
change NN B-NP
to TO B-VP
put VB I-VP
toward IN B-PP
a DT B-NP
bus NN I-NP
ticket NN I-NP
costing VBG B-VP
$ $ B-NP
3.83 CD I-NP
, , O
and CC O
wo MD O
n't RB O
you PRP B-NP
give VB B-VP
him PRP B-NP
the DT B-NP
difference NN I-NP
? . O

No DT B-INTJ
? . O

Well UH B-ADVP
, , O
how WRB B-ADVP
about IN B-PP
a DT B-NP
loan NN I-NP
, , O
he PRP B-NP
'll MD B-VP
take VB I-VP
your PRP$ B-NP
name NN I-NP
and CC I-NP
address NN I-NP
... : O

Figuring VBG B-VP
that IN O
their PRP$ B-NP
money NN I-NP
would MD B-VP
more RBR I-VP
likely JJ I-VP
go NN I-VP
toward IN B-PP
a DT B-NP
bottle NN I-NP
of IN B-PP
Night NNP B-NP
Train NNP I-NP
Express NNP I-NP
, , O
most RBS B-NP
people NNS I-NP
have VBP B-VP
little JJ B-NP
trouble NN I-NP
saying VBG B-VP
no DT B-INTJ
to TO B-PP
propositions NNS B-NP
like IN B-PP
this DT B-NP
. . O

But CC O
healthy JJ B-NP
skepticism NN I-NP
vanishes VBZ B-VP
when WRB B-ADVP
they PRP B-NP
are VBP B-VP
solicited VBN I-VP
by IN B-PP
an DT B-NP
organized VBN I-NP
charity NN I-NP
to TO B-VP
help VB I-VP
fight VB I-VP
cancer NN B-NP
, , O
famine NN B-NP
, , O
child NN B-NP
abuse NN I-NP
, , O
or CC O
what WP B-NP
have VBP B-VP
you PRP B-NP
. . O

Most JJS B-NP
see VB B-VP
little JJ B-NP
reason NN I-NP
to TO B-VP
doubt VB I-VP
that IN O
their PRP$ B-NP
cash NN I-NP
will MD B-VP
go VB I-VP
toward IN B-PP
these DT B-NP
noble JJ I-NP
goals NNS I-NP
. . O

But CC O
will MD O
it PRP B-NP
? . O

In IN B-PP
a DT B-NP
distressing JJ I-NP
number NN I-NP
of IN B-PP
cases NNS B-NP
, , O
no DT B-INTJ
. . O

In IN B-PP
fact NN B-NP
, , O
the DT B-NP
donors NNS I-NP
sometimes RB B-ADVP
might MD B-VP
be VB I-VP
better JJR B-ADVP
off IN I-ADVP
giving VBG B-VP
the DT B-NP
money NN I-NP
to TO B-PP
the DT B-NP
panhandler NN I-NP
: : O
at IN B-ADVP
least JJS I-ADVP
he PRP B-NP
has VBZ B-VP
no DT B-NP
overhead NN I-NP
, , O
and CC O
he PRP B-NP
might MD B-VP
even RB I-VP
be VB I-VP
telling VBG I-VP
the DT B-NP
truth NN I-NP
. . O

Last JJ B-NP
year NN I-NP
, , O
more JJR B-NP
than IN I-NP
$ $ I-NP
100 CD I-NP
billion CD I-NP
was VBD B-VP
donated VBN I-VP
to TO B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
400,000 CD I-NP
charities NNS I-NP
. . O

While IN B-SBAR
the DT B-NP
vast JJ I-NP
bulk NN I-NP
of IN B-PP
it PRP B-NP
was VBD B-VP
indeed RB I-VP
spent VBN I-VP
by IN B-PP
reputable JJ B-NP
organizations NNS I-NP
on IN B-PP
the DT B-NP
good JJ I-NP
works NNS I-NP
it PRP B-NP
was VBD B-VP
raised VBN I-VP
for IN B-PP
, , O
it PRP B-NP
's VBZ B-VP
equally RB B-ADJP
true JJ I-ADJP
that IN B-SBAR
a DT B-NP
sizable JJ I-NP
hunk NN I-NP
was VBD B-VP
consumed VBN I-VP
in IN B-PP
`` `` O
expenses NNS B-NP
'' '' O
claimed VBN B-VP
by IN B-PP
other JJ B-NP
operators NNS I-NP
, , O
including VBG B-PP
fraudulent JJ B-NP
expenses NNS I-NP
. . O

In IN B-PP
many JJ B-NP
cases NNS I-NP
the DT B-NP
costs NNS I-NP
claimed VBD B-VP
were VBD B-VP
so RB B-ADJP
high JJ I-ADJP
that IN B-SBAR
only RB B-NP
a DT I-NP
dribble NN I-NP
of IN B-PP
cash NN B-NP
was VBD B-VP
left VBN I-VP
for IN B-PP
the DT B-NP
purported JJ I-NP
beneficiaries NNS I-NP
. . O

It PRP B-NP
's VBZ B-VP
impossible JJ B-ADJP
to TO B-VP
say VB I-VP
exactly RB B-ADVP
how WRB B-NP
much NN I-NP
of IN B-PP
the DT B-NP
total JJ I-NP
charity NN I-NP
intake NN I-NP
is VBZ B-VP
devoured VBN I-VP
by IN B-PP
stratospheric JJ B-NP
fund-raising NN I-NP
costs NNS I-NP
, , O
high-living JJ B-NP
operators NNS I-NP
, , O
and CC O
downright JJ B-NP
fraud NN I-NP
. . O

But CC O
the DT B-NP
problem NN I-NP
clearly RB B-ADVP
is VBZ B-VP
widespread JJ B-ADJP
and CC I-ADJP
persistent JJ I-ADJP
. . O

State NN B-NP
law NN I-NP
enforcers NNS I-NP
can MD B-VP
barely RB I-VP
keep VB I-VP
up IN B-PRT
with IN B-PP
charity NN B-NP
scams NNS I-NP
, , O
and CC O
reports NNS B-NP
from IN B-PP
watchdog NN B-NP
groups NNS I-NP
such JJ B-PP
as IN I-PP
the DT B-NP
Council NNP I-NP
of IN B-PP
Better NNP B-NP
Business NNP I-NP
Bureaus NNP I-NP
are VBP B-VP
not RB O
encouraging VBG B-ADJP
. . O

The DT B-NP
Philanthropic NNP I-NP
Advisory NNP I-NP
Service NNP I-NP
of IN B-PP
the DT B-NP
BBB NNP I-NP
reviews NNS B-VP
hundreds NNS B-NP
of IN B-PP
new JJ B-NP
charities NNS I-NP
every DT B-NP
year NN I-NP
, , O
measuring VBG B-VP
them PRP B-NP
against IN B-PP
minimum JJ B-NP
standards NNS I-NP
for IN B-PP
accountability NN B-NP
; : O
for IN B-PP
accuracy NN B-NP
and CC I-NP
honesty NN I-NP
in IN B-PP
solicitation NN B-NP
; : B-PP
and CC I-PP
for IN B-PP
percentage NN B-NP
of IN B-PP
funds NNS B-NP
actually RB B-VP
going VBG I-VP
to TO B-PP
work VB B-NP
for IN B-PP
which WDT B-NP
the DT B-NP
charity NN I-NP
was VBD B-VP
supposedly RB I-VP
established VBN I-VP
. . O

The DT B-NP
Service NNP I-NP
figures NNS B-VP
at IN B-NP
least JJS I-NP
half NN I-NP
of IN B-PP
the DT B-NP
money NN I-NP
taken VBN B-VP
in IN B-PRT
should MD B-VP
be VB I-VP
spent VBN I-VP
on IN B-PP
program NN B-NP
. . O

Roughly RB B-NP
a DT I-NP
third JJ I-NP
of IN B-PP
the DT B-NP
charities NNS I-NP
reviewed VBN B-VP
flunk VBP B-VP
the DT B-NP
test NN I-NP
. . O

Which WDT B-NP
, , O
it PRP B-NP
should MD B-VP
be VB I-VP
added VBN I-VP
, , O
does VBZ B-VP
n't RB I-VP
prevent VB I-VP
the DT B-NP
charities NNS I-NP
from IN B-PP
raking VBG B-VP
in IN B-PRT
a DT B-NP
lot NN I-NP
of IN B-PP
money NN B-NP
anyway RB B-ADVP
. . O

Without IN B-PP
a DT B-NP
microscope NN I-NP
and CC O
a DT B-NP
subpoena NN I-NP
, , O
it PRP B-NP
's VBZ B-VP
often RB B-ADVP
hard JJ B-ADJP
to TO B-VP
sort VB I-VP
out RP B-PRT
worthwhile JJ B-NP
causes NNS I-NP
from IN B-PP
ripoffs NNS B-NP
if IN B-SBAR
all DT B-NP
you PRP B-NP
've VBP B-VP
got VBD I-VP
to TO B-VP
go VB I-VP
on IN B-PP
is VBZ B-VP
the DT B-NP
solicitation NN I-NP
itself PRP B-NP
. . O

On IN B-PP
this DT B-NP
basis NN I-NP
, , O
`` `` O
there EX B-NP
's VBZ B-VP
no DT B-NP
way NN I-NP
the DT B-NP
average JJ I-NP
person NN I-NP
can MD B-VP
know VB I-VP
a DT B-NP
good JJ I-NP
charity NN I-NP
from IN B-PP
a DT B-NP
bad JJ I-NP
one CD I-NP
, , O
'' '' O
says VBZ B-VP
David NNP B-NP
Ormstedt NNP I-NP
, , O
an DT B-NP
assistant NN I-NP
attorney NN I-NP
general JJ I-NP
in IN B-PP
Connecticut NNP B-NP
. . O

`` `` O
A DT B-NP
lot NN I-NP
of IN B-PP
donors NNS B-NP
just RB B-ADVP
get VBP B-VP
taken VBN I-VP
. . O
'' '' O

Including VBG B-PP
those DT B-NP
, , O
he PRP B-NP
contends VBZ B-VP
, , O
who WP B-NP
put VBP B-VP
about RB B-NP
$ $ I-NP
1 CD I-NP
million CD I-NP
into IN B-PP
the DT B-NP
kitty NN I-NP
for IN B-PP
the DT B-NP
Connecticut NNP I-NP
Association NNP I-NP
of IN B-PP
Concerned NNP B-NP
Veterans NNP I-NP
and CC O
the DT B-NP
Vietnam NNP I-NP
Veterans NNP I-NP
Service NNP I-NP
Center NNP I-NP
. . O

The DT B-NP
state NN I-NP
has VBZ B-VP
sued VBN I-VP
these DT B-NP
charities NNS I-NP
in IN B-PP
state NN B-NP
court NN I-NP
, , O
complaining VBG B-VP
that IN B-SBAR
much NN B-NP
of IN B-PP
the DT B-NP
money NN I-NP
was VBD B-VP
grossly RB I-VP
misspent VBN I-VP
; : O
82 CD B-NP
% NN I-NP
, , O
says VBZ B-VP
Mr. NNP B-NP
Ormstedt NNP I-NP
, , O
went VBD B-VP
to TO B-PP
fund VB B-NP
raisers NNS I-NP
and CC O
most RBS B-NP
of IN B-PP
the DT B-NP
rest NN I-NP
to TO B-PP
the DT B-NP
people NNS I-NP
who WP B-NP
ran VBD B-VP
the DT B-NP
charities NNS I-NP
and CC B-PP
to TO B-PP
their PRP$ B-NP
relatives NNS I-NP
-- : O
for IN B-PP
fur NN B-NP
coats NNS I-NP
, , O
trips NNS B-NP
to TO B-PP
Florida NNP B-NP
, , O
Lucullan JJ B-NP
restaurant NN I-NP
tabs NNS I-NP
. . O

The DT B-NP
telephone NN I-NP
number NN I-NP
for IN B-PP
the DT B-NP
charity NN I-NP
in IN B-PP
Shelton NNP B-NP
, , O
Conn. NNP B-NP
, , O
has VBZ B-VP
been VBN I-VP
disconnected VBN I-VP
, , O
and CC O
the DT B-NP
former JJ I-NP
officials NNS I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
located VBN I-VP
. . O

Running VBG B-VP
a DT B-NP
charity NN I-NP
does VBZ B-VP
cost NN I-VP
money NN B-NP
, , O
but CC O
reputable JJ B-NP
organizations NNS I-NP
manage VBP B-VP
to TO I-VP
get VB I-VP
the DT B-NP
lion NN I-NP
's POS B-NP
share NN I-NP
of IN B-PP
donations NNS B-NP
out IN B-PP
to TO B-PP
where WRB B-ADVP
they PRP B-NP
are VBP B-VP
really RB I-VP
needed VBN I-VP
. . O

The DT B-NP
Arthritis NNP I-NP
Foundation NNP I-NP
, , O
the DT B-NP
American NNP I-NP
Cancer NNP I-NP
Society NNP I-NP
and CC O
the DT B-NP
United NNP I-NP
Way NN I-NP
of IN B-PP
America NNP B-NP
all DT B-NP
say NN B-VP
that IN B-SBAR
they PRP B-NP
spend VBP B-VP
roughly RB B-NP
90 CD I-NP
% NN I-NP
of IN B-PP
their PRP$ B-NP
income NN I-NP
on IN B-PP
programs NNS B-NP
, , B-NP
not RB I-NP
overhead JJ B-NP
. . O

With IN B-PP
some DT B-NP
other JJ I-NP
charities NNS I-NP
, , O
however RB B-ADVP
, , O
it PRP B-NP
s PRP B-VP
the DT B-NP
other JJ I-NP
way NN I-NP
around RB B-PRT
. . O

The DT O
fledgling NN O
National NNP O
Children NNS B-NP
's POS B-NP
Cancer NNP I-NP
Society NNP I-NP
, , O
for IN B-PP
example NN B-NP
, , O
took VBD B-VP
in IN B-PRT
$ $ B-NP
2.5 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
to TO B-VP
finance VB I-VP
bone-marrow NN B-NP
transplants NNS I-NP
for IN B-PP
children NNS B-NP
. . O

By IN B-PP
the DT B-NP
time NN I-NP
it PRP B-NP
paid VBD B-VP
its PRP$ B-NP
expenses NNS I-NP
it PRP B-NP
only RB B-ADVP
had VBD B-VP
$ $ B-NP
120,000 CD I-NP
left VBN B-VP
-- : O
not RB B-ADJP
enough RB I-ADJP
to TO B-VP
treat VB I-VP
even RB B-NP
one CD I-NP
child NN I-NP
. . O

The DT B-NP
state NN I-NP
of IN B-PP
Illinois NNP B-NP
is VBZ B-VP
suing VBG I-VP
the DT B-NP
charity NN I-NP
for IN B-PP
fraud NN B-NP
in IN B-PP
Chicago NNP B-NP
, , O
along IN B-ADVP
with IN B-PP
Telesystems NNP B-NP
Marketing NNP I-NP
Inc. NNP I-NP
, , O
its PRP$ B-NP
Houston-based JJ I-NP
fund NN I-NP
raiser NN I-NP
. . O

Both DT B-NP
deny VB B-VP
wrongdoing NN B-NP
. . O

The DT B-NP
charity NN I-NP
admits VBZ B-VP
spending VBG I-VP
a DT B-NP
lot NN I-NP
on IN B-PP
fund NN B-NP
raising VBG I-NP
, , O
but CC O
says VBZ B-VP
that WDT B-NP
was VBD B-VP
necessary JJ B-ADJP
to TO B-VP
establish VB I-VP
a DT B-NP
donor NN I-NP
base NN I-NP
it PRP B-NP
can MD B-VP
tap VB I-VP
at IN B-PP
much RB B-NP
lower JJR I-NP
cost NN I-NP
in IN B-PP
years NNS B-NP
to TO B-VP
come VB I-VP
. . O

Michael NNP B-NP
Burns NNP I-NP
, , O
president NN B-NP
of IN B-PP
Telesystems NNP B-NP
, , O
says VBZ B-VP
his PRP$ B-NP
concern NN I-NP
has VBZ B-VP
only RB I-VP
benefited VBN I-VP
from IN B-PP
the DT B-NP
publicity NN I-NP
surrounding VBG B-VP
the DT B-NP
case NN I-NP
, , O
noting VBG B-VP
that IN B-SBAR
three CD B-NP
other JJ I-NP
charities NNS I-NP
have VBP B-VP
signed VBN I-VP
on IN B-PRT
as IN B-PP
clients NNS B-NP
because IN B-SBAR
they PRP B-NP
were VBD B-VP
impressed VBN I-VP
with IN B-PP
the DT B-NP
amount NN I-NP
he PRP B-NP
raised VBD B-VP
for IN B-PP
National NNP B-NP
Children NNS I-NP
's POS B-NP
. . O

Meanwhile RB B-ADVP
, , O
a DT B-NP
state NN I-NP
court NN I-NP
judge NN I-NP
has VBZ B-VP
allowed VBN I-VP
the DT B-NP
charity NN I-NP
to TO B-VP
go VB I-VP
on IN B-PRT
soliciting VBG B-VP
funds NNS B-NP
. . O

Enforcers NNS B-NP
ca MD B-VP
n't RB I-VP
put VB I-VP
charities NNS B-NP
out IN B-PP
of IN B-PP
business NN B-NP
simply RB B-ADVP
because IN B-SBAR
they PRP B-NP
spend VBP B-VP
the DT B-NP
lion NN I-NP
's POS B-NP
share NN I-NP
of IN B-PP
their PRP$ B-NP
income NN I-NP
on IN B-PP
fund NN B-NP
raising VBG I-NP
. . O

State NN B-NP
laws NNS I-NP
previously RB B-ADVP
used VBN B-VP
as IN B-PP
a DT B-NP
yardstick NN I-NP
minimum JJ B-NP
percentages NNS I-NP
of IN B-PP
income NN B-NP
-- : O
usually RB B-ADVP
half NN B-NP
-- : O
that WDT B-NP
had VBD B-VP
to TO I-VP
be VB I-VP
spent VBN I-VP
on IN B-PP
the DT B-NP
program NN I-NP
rather RB B-PP
than IN I-PP
overhead JJ B-NP
, , O
but CC O
these DT B-NP
have NN B-VP
been VBN I-VP
overturned VBN I-VP
by IN B-PP
the DT B-NP
U.S. NNP I-NP
Supreme NNP I-NP
Court NNP I-NP
. . O

It PRP B-NP
has VBZ B-VP
ruled VBN I-VP
that IN B-SBAR
such JJ B-NP
laws NNS I-NP
might MD B-VP
work VB I-VP
to TO I-VP
stifle VB I-VP
fund NN B-NP
raising VBG I-NP
, , O
which WDT B-NP
would MD B-VP
amount VB I-VP
to TO B-PP
limiting VBG B-VP
the DT B-NP
charities NNS I-NP
' POS B-NP
first-amendment JJ I-NP
right NN I-NP
to TO B-PP
freedom NN B-NP
of IN B-PP
expression NN B-NP
. . O

This DT B-NP
puts VBZ B-VP
upon IN B-PP
enforcers NNS B-NP
the DT B-NP
burden NN I-NP
of IN B-PP
proving VBG B-VP
outright JJ B-NP
fraud NN I-NP
or CC I-NP
misrepresentation NN I-NP
, , O
and CC O
such JJ B-NP
actions NNS I-NP
have VBP B-VP
been VBN I-VP
brought VBN I-VP
against IN B-PP
hundreds NNS B-NP
of IN B-PP
charities NNS B-NP
recently RB B-ADVP
. . O

The DT B-NP
attorney NN I-NP
general NN I-NP
's POS B-NP
office NN I-NP
in IN B-PP
Connecticut NNP B-NP
alone RB B-ADVP
has VBZ B-VP
put VBN I-VP
seven CD B-NP
of IN B-PP
them PRP B-NP
out IN B-PP
of IN B-PP
business NN B-NP
over IN B-PP
the DT B-NP
past JJ I-NP
couple NN I-NP
of IN B-PP
years NNS B-NP
, , O
and CC O
the DT B-NP
enforcement NN I-NP
drive NN I-NP
is VBZ B-VP
continuing VBG I-VP
there EX B-ADVP
and CC I-ADVP
elsewhere RB I-ADVP
. . O

In IN B-PP
making VBG B-VP
cases NNS B-NP
, , O
the DT B-NP
authorities NNS I-NP
frequently RB B-ADVP
zero CD B-VP
in IN B-PRT
on IN B-PP
alleged VBN B-NP
misrepresentations NNS I-NP
made VBN B-VP
by IN B-PP
the DT B-NP
charities NNS I-NP
' POS B-NP
fund NN I-NP
raisers NNS I-NP
. . O

Illinois NNP B-NP
, , O
for IN B-PP
instance NN B-NP
, , O
currently RB B-ADVP
has VBZ B-VP
under IN B-PP
investigation NN B-NP
10 CD B-NP
of IN B-PP
the DT B-NP
30 CD I-NP
companies NNS I-NP
drumming VBG B-VP
up IN B-PRT
funds NNS B-NP
for IN B-PP
charities NNS B-NP
soliciting VBG B-VP
there RB B-ADVP
. . O

Enforcers NNS B-NP
pay VBP B-VP
special JJ B-NP
attention NN I-NP
to TO B-PP
operators NNS B-NP
using VBG B-VP
sweepstakes NN B-NP
prizes NNS I-NP
as IN B-PP
an DT B-NP
additional JJ I-NP
inducement NN I-NP
to TO B-VP
give VB I-VP
. . O

Attorneys NNS B-NP
general JJ I-NP
in IN B-PP
several JJ B-NP
states NNS I-NP
, , O
including VBG B-PP
Illinois NNP B-NP
, , O
are VBP B-VP
already RB I-VP
suing VBG I-VP
Watson NNP B-NP
& CC I-NP
Hughey NNP I-NP
Co. NNP I-NP
, , O
an DT B-NP
Alexandria NNP I-NP
, , I-NP
Va.-based JJ I-NP
outfit NN I-NP
that IN B-NP
they PRP B-NP
say VBP B-VP
has VBZ B-VP
used VBN I-VP
deceptive JJ B-NP
sweepstakes NN I-NP
ads NNS I-NP
to TO B-VP
solicit VB I-VP
donations NNS B-NP
for IN B-PP
the DT B-NP
American NNP I-NP
Heart NNP I-NP
Disease NNP I-NP
Foundation NNP I-NP
and CC O
the DT B-NP
Cancer NNP I-NP
Fund NNP I-NP
of IN B-PP
America NNP B-NP
. . O

According VBG B-PP
to TO B-PP
the DT B-NP
Illinois NNP I-NP
attorney NN I-NP
general NN I-NP
's POS B-NP
suit NN I-NP
, , O
Watson NNP B-NP
& CC I-NP
Hughey NNP I-NP
sent VBD B-VP
mailings NNS B-NP
indicating VBG B-VP
that IN B-SBAR
recipients NNS B-NP
were VBD B-VP
guaranteed VBN I-VP
cash NN B-NP
prizes NNS I-NP
, , O
and CC O
could MD B-VP
win VB I-VP
up IN B-PP
to TO B-PP
an DT B-NP
additional JJ I-NP
$ $ I-NP
1,000 CD I-NP
on IN B-PP
top NN B-NP
of IN B-PP
them PRP B-NP
, , O
if IN B-SBAR
they PRP B-NP
contributed VBD B-VP
as RB B-NP
little JJ I-NP
as IN I-NP
$ $ I-NP
7 CD I-NP
. . O

But CC O
the DT B-NP
total JJ I-NP
value NN I-NP
of IN B-PP
the DT B-NP
prizes NNS I-NP
was VBD B-VP
only RB B-NP
$ $ I-NP
5,000 CD I-NP
and CC O
most RBS B-NP
`` `` I-NP
winners NNS I-NP
'' '' O
will MD B-VP
receive VB I-VP
just RB B-NP
10 CD I-NP
cents NNS I-NP
, , O
according VBG B-PP
to TO B-PP
the DT B-NP
attorney NN I-NP
general NN I-NP
's POS B-NP
office NN I-NP
. . O

The DT B-NP
suit NN I-NP
is VBZ B-VP
still RB B-ADVP
pending VBG B-ADJP
in IN B-PP
Illinois NNP B-NP
state NN I-NP
court NN I-NP
. . O

Watson NNP B-NP
& CC I-NP
Hughey NNP I-NP
has VBZ B-VP
denied VBN I-VP
the DT B-NP
allegations NNS I-NP
in IN B-PP
court NN B-NP
; : O
officials NNS B-NP
decline VBP B-VP
to TO I-VP
comment VB I-VP
further JJ B-ADVP
. . O

While IN B-SBAR
they PRP B-NP
can MD B-VP
target VB I-VP
some DT B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
obvious JJ I-NP
miscreants NNS I-NP
, , O
enforcers NNS B-NP
concede VBP B-VP
that IN B-SBAR
they PRP B-NP
are VBP B-VP
only RB I-VP
scratching VBG I-VP
the DT B-NP
surface NN I-NP
. . O

There EX B-NP
are VBP B-VP
so RB B-NP
many JJ I-NP
cunning JJ I-NP
ploys NNS I-NP
used VBN B-VP
by IN B-PP
so RB B-NP
many JJ I-NP
dubious JJ I-NP
operators NNS I-NP
, , O
they PRP B-NP
say VBP B-VP
, , O
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
probably RB B-ADVP
impossible JJ B-ADJP
to TO B-VP
stop VB I-VP
them PRP B-NP
all DT B-NP
. . O

One CD B-NP
maneuver NN I-NP
: : O
the DT B-NP
`` `` I-NP
public JJ I-NP
education NN I-NP
'' '' I-NP
gambit NN I-NP
. . O

The DT B-NP
solicitation NN I-NP
material NN I-NP
indicates VBZ B-VP
that IN B-SBAR
donations NNS B-NP
will MD B-VP
go VB I-VP
toward IN B-PP
a DT B-NP
campaign NN I-NP
alerting VBG B-VP
and CC I-VP
informing VBG I-VP
the DT B-NP
public NN I-NP
about IN B-PP
some DT B-NP
health NN I-NP
or CC I-NP
other JJ I-NP
issue NN I-NP
. . O

What WP B-NP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
say VB I-VP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
entire JJ I-NP
`` `` I-NP
campaign NN I-NP
'' '' O
may MD B-VP
be VB I-VP
the DT B-NP
fund-raising NN I-NP
letter NN I-NP
itself PRP B-NP
. . O

`` `` O
All DT B-ADVP
too RB I-ADVP
often RB I-ADVP
this DT B-NP
will MD B-VP
merely RB I-VP
be VB I-VP
a DT B-NP
statement NN I-NP
on IN B-PP
the DT B-NP
solicitation NN I-NP
such JJ B-PP
as IN I-PP
, , O
` `` O
Do VBP B-VP
n't RB I-VP
smoke VB I-VP
! . O
' '' O
or CC O
` `` O
Wear VB B-VP
suntan NN B-NP
lotion NN I-NP
, , O
' POS O
`` `` O
says VBZ B-VP
William NNP B-NP
Webster NNP I-NP
, , O
attorney NN B-NP
general NN I-NP
of IN B-PP
Missouri NNP B-NP
. . O

`` `` O
By IN B-PP
putting VBG B-VP
these DT B-NP
pithy JJ I-NP
statements NNS I-NP
on IN B-PP
the DT B-NP
solicitations NNS I-NP
, , O
hundreds NNS B-NP
of IN B-PP
thousands NNS B-NP
of IN B-PP
dollars NNS B-NP
are VBP B-VP
claimed VBN I-VP
to TO I-VP
have VB I-VP
been VBN I-VP
spent VBN I-VP
on IN B-PP
education NN B-NP
to TO B-PP
consumers NNS B-NP
when WRB B-ADVP
in IN B-PP
fact NN B-NP
this DT B-NP
represents VBZ B-VP
the DT B-NP
costs NNS I-NP
of IN B-PP
sending VBG B-VP
the DT B-NP
newsletters NNS I-NP
. . O
'' '' O

Mr. NNP B-NP
Webster NNP I-NP
cites VBZ B-VP
a DT B-NP
four-page JJ I-NP
mailing NN I-NP
from IN B-PP
the DT B-NP
United NNP I-NP
Cancer NNP I-NP
Council NNP I-NP
that WDT B-NP
offers VBZ B-VP
a DT B-NP
chance NN I-NP
to TO B-VP
win VB I-VP
$ $ B-NP
5,000 CD I-NP
in IN B-PP
gold NN B-NP
bullion NN I-NP
to TO B-PP
those DT B-NP
giving VBG B-VP
as RB B-NP
little JJ I-NP
as IN I-NP
$ $ I-NP
5 NN I-NP
to TO B-PP
cancer NN B-NP
education NN I-NP
. . O

`` `` O
A DT B-NP
few JJ I-NP
boilerplate NN I-NP
warnings NNS I-NP
about IN B-PP
cancer NN B-NP
appear VB B-VP
but CC O
that DT B-NP
's VBZ B-VP
only RB B-NP
two CD I-NP
inches NNS I-NP
in IN B-PP
all DT B-NP
four CD I-NP
pages NNS I-NP
. . O

I PRP B-NP
think VBP B-VP
some DT B-NP
people NNS I-NP
may MD B-VP
believe VB I-VP
they PRP B-NP
're VBP B-VP
helping VBG I-VP
fund NN I-VP
a DT B-NP
massive JJ I-NP
TV NN I-NP
and CC I-NP
print NN I-NP
campaign NN I-NP
, , O
but CC O
we PRP B-NP
could MD B-VP
n't RB I-VP
find VB I-VP
that IN B-SBAR
the DT B-NP
charity NN I-NP
does VBZ B-VP
anything NN B-NP
except IN B-PP
write VB B-VP
these DT B-NP
letters NNS I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Officials NNS B-NP
at IN B-PP
the DT B-NP
Washington NNP I-NP
D.C.-based JJ I-NP
charity NN I-NP
did VBD B-VP
n't RB I-VP
return VB I-VP
repeated VBN B-NP
phone NN I-NP
calls NNS I-NP
. . O

Many JJ B-NP
fly-by-night JJ I-NP
charities NNS I-NP
ride VBP B-VP
the DT B-NP
coattails NNS I-NP
of IN B-PP
the DT B-NP
biggest JJS I-NP
, , I-NP
best-known JJ I-NP
and CC I-NP
most RBS I-NP
reputable JJ I-NP
ones NNS I-NP
by IN B-PP
adopting VBG B-VP
names NNS B-NP
similar JJ B-ADJP
to TO B-PP
theirs PRP B-NP
. . O

The DT B-NP
established VBN I-NP
charities NNS I-NP
are VBP B-VP
bothered VBN I-VP
by IN B-PP
this DT B-NP
but CC O
say VBP B-VP
they PRP B-NP
can MD B-VP
do VB I-VP
little JJ B-NP
about IN B-PP
it PRP B-NP
. . O

`` `` O
We PRP B-NP
ca MD B-VP
n't RB I-VP
police VB I-VP
the DT B-NP
many JJ I-NP
organizations NNS I-NP
that WDT B-NP
have VBP B-VP
sprung VBN I-VP
up IN B-PRT
in IN B-PP
the DT B-NP
last JJ I-NP
few JJ I-NP
years NNS I-NP
using VBG B-VP
part NN B-NP
of IN B-PP
our PRP$ B-NP
name NN I-NP
. . O

Most JJS B-NP
of IN B-PP
them PRP B-NP
do VBP B-VP
n't RB I-VP
last JJ I-VP
for IN B-PP
long JJ B-ADJP
, , O
but CC O
in IN B-PP
the DT B-NP
meantime NN I-NP
all DT B-NP
we PRP B-NP
can MD B-VP
do VB I-VP
is VBZ B-VP
tell VB I-VP
people NNS B-NP
they PRP B-NP
are VBP B-VP
n't RB I-VP
connected VBN I-VP
with IN B-PP
us PRP B-NP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
spokeswoman NN I-NP
for IN B-PP
the DT B-NP
American NNP I-NP
Heart NNP I-NP
Association NNP I-NP
. . O

And CC O
sometimes RB B-ADVP
a DT B-NP
reputable JJ I-NP
charity NN I-NP
with IN B-PP
a DT B-NP
household NN I-NP
name NN I-NP
gets VBZ B-VP
used VBN I-VP
and CC O
does VBZ B-VP
n't RB I-VP
even RB I-VP
know VB I-VP
it PRP B-NP
. . O

A DT B-NP
couple NN I-NP
in IN B-PP
Rockford NNP B-NP
, , O
Ill. NNP B-NP
, , O
raised VBD B-VP
$ $ B-NP
12,591 CD I-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
using VBG B-VP
the DT B-NP
name NN I-NP
and CC I-NP
logo NN I-NP
of IN B-PP
Mothers NNPS B-NP
Against IN B-PP
Drunk JJ B-NP
Driving VBG I-NP
, , O
without IN B-PP
permission NN B-NP
from IN B-PP
the DT B-NP
group NN I-NP
. . O

MADD NNP B-NP
did VBD B-VP
n't RB I-VP
learn VB I-VP
of IN B-PP
the DT B-NP
fund NN I-NP
raising VBG I-NP
until IN B-SBAR
the DT B-NP
couple NN I-NP
sent VBD B-VP
it PRP B-NP
a DT B-NP
check NN I-NP
for IN B-PP
$ $ B-NP
613 CD I-NP
, , O
along IN B-ADVP
with IN B-PP
a DT B-NP
letter NN I-NP
saying VBG B-VP
that WDT B-NP
was VBD B-VP
the DT B-NP
charity NN I-NP
's POS B-NP
`` `` I-NP
share NN I-NP
. . O
'' '' O

The DT B-NP
Illinois NNP I-NP
Attorney NNP I-NP
General NNP I-NP
won VBD B-VP
a DT B-NP
court NN I-NP
order NN I-NP
to TO B-VP
prevent VB I-VP
the DT B-NP
couple NN I-NP
from IN B-PP
raising VBG B-VP
further JJ B-NP
funds NNS I-NP
without IN B-PP
MADD NNP B-NP
's POS B-NP
permission NN I-NP
. . O

The DT B-NP
couple NN I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
for IN B-PP
comment NN B-NP
and CC O
apparently RB B-VP
have VBP I-VP
left VBN I-VP
Rockford NNP B-NP
, , O
law NN B-NP
enforcement NN I-NP
officials NNS I-NP
report VBP B-VP
. . O

Denise NNP B-NP
McDonald NNP I-NP
, , O
a DT B-NP
spokeswoman NN I-NP
for IN B-PP
MADD NNP B-NP
, , O
says VBZ B-VP
, , O
`` `` O
It PRP B-NP
's VBZ B-VP
scary JJ B-ADJP
, , O
because IN B-SBAR
anybody NN B-NP
could MD B-VP
do VB I-VP
this DT B-NP
. . O
'' '' O

Mr. NNP B-NP
Johnson NNP I-NP
is VBZ B-VP
a DT B-NP
staff NN I-NP
reporter NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
Chicago NNP I-NP
bureau NN I-NP
. . O

Overhead NN B-NP
costs NNS I-NP
at IN B-PP
some DT B-NP
of IN B-PP
the DT B-NP
largest JJS I-NP
charities NNS I-NP
, , O
in IN B-PP
millions NNS B-NP
of IN B-PP
dollars NNS B-NP

British JJ B-NP
Airways NNP I-NP
PLC NNP I-NP
, , O
a DT B-NP
crucial JJ I-NP
participant NN I-NP
in IN B-PP
the DT B-NP
proposed VBN I-NP
buy-out NN I-NP
of IN B-PP
UAL NNP B-NP
Corp. NNP I-NP
, , O
washed VBD B-VP
its PRP$ B-NP
hands NNS I-NP
of IN B-PP
the DT B-NP
current JJ I-NP
efforts NNS I-NP
to TO B-VP
revive VB I-VP
a DT B-NP
bid NN I-NP
for IN B-PP
the DT B-NP
parent NN I-NP
of IN B-PP
United NNP B-NP
Airlines NNPS I-NP
. . O

Specifically RB B-ADVP
, , O
the DT B-NP
British JJ I-NP
carrier NN I-NP
said VBD B-VP
it PRP B-NP
currently RB B-ADVP
has VBZ B-VP
no DT B-NP
plans NNS I-NP
to TO B-VP
participate VB I-VP
in IN B-PP
any DT B-NP
new JJ I-NP
offer NN I-NP
for IN B-PP
UAL NNP B-NP
. . O

In IN B-PP
addition NN B-NP
, , O
British NNP B-NP
Air NNP I-NP
officially RB B-ADVP
withdrew VBD B-VP
its PRP$ B-NP
support NN I-NP
for IN B-PP
the DT B-NP
previous JJ I-NP
$ $ I-NP
300-a-share JJ I-NP
bid NN I-NP
in IN B-PP
a DT B-NP
terse JJ I-NP
statement NN I-NP
that WDT B-NP
said VBD B-VP
`` `` O
the DT B-NP
original JJ I-NP
deal NN I-NP
is VBZ B-VP
closed VBN I-VP
. . O
'' '' O

Company NN B-NP
officials NNS I-NP
said VBD B-VP
later RB B-ADVP
that IN B-SBAR
British JJ B-NP
Airways NNPS I-NP
believes VBZ B-VP
its PRP$ B-NP
involvement NN I-NP
in IN B-PP
the DT B-NP
UAL NNP I-NP
buy-out NN I-NP
ended VBD B-VP
last JJ B-NP
Friday NNP I-NP
when WRB B-ADVP
the DT B-NP
buy-out NN I-NP
group NN I-NP
, , O
which WDT B-NP
also RB B-ADVP
includes VBZ B-VP
UAL NNP B-NP
's POS B-NP
management NN I-NP
and CC I-NP
pilot NN I-NP
union NN I-NP
, , O
failed VBD B-VP
to TO I-VP
obtain VB I-VP
financing NN B-NP
for IN B-PP
the DT B-NP
$ $ I-NP
6.79 CD I-NP
billion CD I-NP
transaction NN I-NP
. . O

The DT B-NP
carrier NN I-NP
stopped VBD B-VP
short NN B-ADVP
of IN B-PP
saying VBG B-VP
it PRP B-NP
would MD B-VP
n't RB O
at IN B-PP
some DT B-NP
point NN I-NP
reconsider VB B-VP
participating VBG I-VP
in IN B-PP
any DT B-NP
new JJ I-NP
bid NN I-NP
for IN B-PP
UAL NNP B-NP
. . O

However RB B-ADVP
, , O
company NN B-NP
officials NNS I-NP
said VBD B-VP
they PRP B-NP
plan VBP B-VP
to TO I-VP
take VB I-VP
`` `` B-NP
no DT I-NP
initiatives NNS I-NP
'' '' O
to TO B-VP
resurrect VB I-VP
the DT B-NP
transaction NN I-NP
, , O
and CC O
`` `` O
are VBP B-VP
n't RB O
aware JJ B-ADJP
'' '' O
of IN B-PP
any DT B-NP
restructured VBN I-NP
bid NN I-NP
in IN B-PP
the DT B-NP
making NN I-NP
. . O

Collectively RB B-ADVP
, , O
the DT B-NP
statements NNS I-NP
raised VBD B-VP
questions NNS B-NP
about IN B-PP
whether IN B-SBAR
a DT B-NP
new JJ I-NP
bid NN I-NP
for IN B-PP
UAL NNP B-NP
will MD B-VP
ever RB I-VP
get VB I-VP
off IN B-PP
the DT B-NP
ground NN I-NP
. . O

The DT B-NP
transaction NN I-NP
has VBZ B-VP
had VBN I-VP
a DT B-NP
series NN I-NP
of IN B-PP
setbacks NNS B-NP
since IN B-SBAR
the DT B-NP
financing NN I-NP
problems NNS I-NP
became VBD B-VP
known VBN B-ADJP
last JJ B-NP
Friday NNP I-NP
, , O
with IN B-PP
no DT B-NP
signs NNS I-NP
or CC I-NP
statements NNS I-NP
from IN B-PP
the DT B-NP
buy-out NN I-NP
group NN I-NP
to TO B-VP
indicate VB I-VP
that IN B-SBAR
any DT B-NP
progress NN I-NP
has VBZ B-VP
taken VBN I-VP
place NN B-NP
. . O

However RB B-ADVP
, , O
in IN B-PP
response NN B-NP
to TO B-PP
the DT B-NP
British NNP I-NP
Air NNP I-NP
decision NN I-NP
, , O
United NNP B-NP
's POS B-NP
pilot NN I-NP
union NN I-NP
vowed VBD B-VP
to TO I-VP
continue VB I-VP
efforts NNS B-NP
to TO B-VP
revive VB I-VP
the DT B-NP
buy-out NN I-NP
. . O

Pilot NN B-NP
union NN I-NP
Chairman NNP I-NP
Frederick NNP I-NP
C. NNP I-NP
Dubinsky NNP I-NP
said VBD B-VP
advisers NNS B-NP
to TO B-PP
UAL NNP B-NP
management NN I-NP
and CC O
the DT B-NP
union NN I-NP
will MD B-VP
begin VB I-VP
meeting NN I-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
today NN B-NP
and CC O
will MD B-VP
work VB I-VP
through IN B-PP
the DT B-NP
weekend NN I-NP
to TO B-VP
devise VB I-VP
a DT B-NP
new JJ I-NP
proposal NN I-NP
to TO B-VP
present VB I-VP
to TO B-PP
UAL NNP B-NP
's POS B-NP
board NN I-NP
`` `` O
at IN B-PP
the DT B-NP
earliest JJS I-NP
time NN I-NP
possible JJ I-NP
. . O
'' '' O

Pilot NN B-NP
union NN I-NP
advisers NNS I-NP
appeared VBD B-VP
confident JJ B-ADJP
that IN B-SBAR
a DT B-NP
new JJ I-NP
bid NN I-NP
could MD B-VP
go VB I-VP
forward RB B-ADVP
even RB B-ADVP
without IN B-PP
British NNP B-NP
Air NNP I-NP
's POS B-NP
participation NN I-NP
. . O

UAL NNP B-NP
declined VBD B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
British NNP B-NP
Air NNP I-NP
's POS B-NP
statement NN I-NP
. . O

UAL NNP B-NP
Chairman NNP I-NP
Stephen NNP I-NP
M. NNP I-NP
Wolf NNP I-NP
, , O
who WP B-NP
is VBZ B-VP
leading VBG I-VP
the DT B-NP
management NN I-NP
end NN I-NP
of IN B-PP
the DT B-NP
buy-out NN I-NP
, , O
has VBZ B-VP
n't RB I-VP
provided VBN I-VP
investors NNS B-NP
with IN B-PP
any DT B-NP
assurances NNS I-NP
about IN B-PP
the DT B-NP
prospect NN I-NP
of IN B-PP
a DT B-NP
new JJ I-NP
deal NN I-NP
. . O

In IN B-PP
another DT B-NP
setback NN I-NP
yesterday NN B-NP
, , O
United NNP B-NP
's POS B-NP
machinist NN I-NP
union NN I-NP
asked VBD B-VP
the DT B-NP
Treasury NNP I-NP
Department NNP I-NP
to TO B-VP
investigate VB I-VP
whether IN B-SBAR
certain JJ B-NP
aspects NNS I-NP
of IN B-PP
the DT B-NP
original JJ I-NP
buy-out NN I-NP
proposal NN I-NP
violated VBD B-VP
tax NN B-NP
laws NNS I-NP
. . O

In IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
derail VB I-VP
the DT B-NP
buy-out NN I-NP
, , O
the DT B-NP
union NN I-NP
has VBZ B-VP
already RB I-VP
called VBN I-VP
for IN B-PP
investigations NNS B-NP
by IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
, , I-NP
Transportation NNP I-NP
Department NNP I-NP
and CC I-NP
Labor NNP I-NP
Department NNP I-NP
. . O

But CC O
there EX B-NP
was VBD B-VP
one CD B-NP
bright JJ I-NP
spot NN I-NP
yesterday NN B-NP
. . O

The DT B-NP
United NNP I-NP
flight-attendants NNS I-NP
union NN I-NP
agreed VBD B-VP
to TO B-PP
negotiations NNS B-NP
that WDT B-NP
could MD B-VP
lead VB I-VP
to TO B-PP
the DT B-NP
flight NN I-NP
attendants NNS I-NP
contributing VBG B-VP
concessions NNS B-NP
to TO B-PP
a DT B-NP
revived VBN I-NP
bid NN I-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
an DT B-NP
ownership NN I-NP
stake NN I-NP
. . O

The DT B-NP
pilot NN I-NP
union NN I-NP
, , O
the DT B-NP
only RB I-NP
one CD I-NP
to TO B-VP
support VB I-VP
the DT B-NP
buy-out NN I-NP
thus RB B-ADVP
far RB I-ADVP
, , O
said VBD B-VP
the DT B-NP
flight NN I-NP
attendants NNS I-NP
' POS B-NP
decision NN I-NP
`` `` O
enforces VBZ B-VP
our PRP$ B-NP
belief NN I-NP
that IN B-SBAR
an DT B-NP
all-employee JJ I-NP
owned VBN I-NP
airline NN I-NP
is VBZ B-VP
practical JJ B-ADJP
and CC I-ADJP
achievable JJ I-ADJP
. . O
'' '' O

Still RB B-ADVP
, , O
without IN B-PP
the DT B-NP
assurance NN I-NP
of IN B-PP
British JJ B-NP
Airways NNPS I-NP
' POS B-NP
financial JJ I-NP
backing NN I-NP
, , O
it PRP B-NP
will MD B-VP
be VB I-VP
tougher JJR B-ADJP
for IN B-SBAR
the DT B-NP
buy-out NN I-NP
group NN I-NP
to TO B-VP
convince VB I-VP
already-reluctant JJ B-NP
banks NNS I-NP
to TO B-VP
make VB I-VP
loan NN B-NP
commitments NNS I-NP
for IN B-PP
a DT B-NP
revised VBN I-NP
bid NN I-NP
, , O
especially RB B-ADVP
since IN B-SBAR
British NNP B-NP
Air NNP I-NP
's POS B-NP
original JJ I-NP
investment NN I-NP
represented VBN B-VP
78 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
cash NN I-NP
equity NN I-NP
contribution NN I-NP
for IN B-PP
the DT B-NP
bid NN I-NP
. . O

Under IN B-PP
the DT B-NP
previous JJ I-NP
plan NN I-NP
, , O
British NNP B-NP
Air NNP I-NP
would MD B-VP
have VB I-VP
received VBN I-VP
a DT B-NP
15 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
UAL NNP B-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
a DT B-NP
$ $ I-NP
750 CD I-NP
million CD I-NP
equity NN I-NP
investment NN I-NP
, , O
with IN B-PP
a DT B-NP
75 CD I-NP
% NN I-NP
stake NN I-NP
going VBG B-VP
to TO B-PP
UAL NNP B-NP
employees NNS I-NP
and CC O
10 CD B-NP
% NN I-NP
to TO B-PP
UAL NNP B-NP
management NN I-NP
. . O

British NNP B-NP
Air NNP I-NP
officials NNS I-NP
said VBD B-VP
the DT B-NP
airline NN I-NP
's POS B-NP
chairman NN I-NP
, , O
Lord NNP B-NP
King NNP I-NP
, , O
was VBD B-VP
concerned VBN B-ADJP
about IN B-PP
news NN B-NP
reports NNS I-NP
indicating VBG B-VP
that IN B-SBAR
British NNP B-NP
Air NNP I-NP
might MD B-VP
be VB I-VP
willing JJ B-ADJP
to TO B-VP
participate VB I-VP
in IN B-PP
a DT B-NP
bid NN I-NP
that WDT B-NP
included VBD B-VP
a DT B-NP
lower JJR I-NP
purchase NN I-NP
price NN I-NP
and CC O
better JJR B-NP
investment NN I-NP
terms NNS I-NP
for IN B-PP
the DT B-NP
British JJ I-NP
carrier NN I-NP
. . O

The DT B-NP
previous JJ I-NP
reports NNS I-NP
were VBD B-VP
based VBN I-VP
on IN B-PP
remarks NNS B-NP
by IN B-PP
British NNP B-NP
Air NNP I-NP
's POS B-NP
chief JJ I-NP
financial JJ I-NP
officer NN I-NP
, , O
Derek NNP B-NP
Stevens NNP I-NP
, , O
who WP B-NP
said VBD B-VP
any DT B-NP
revised VBN I-NP
bid NN I-NP
would MD B-VP
have VB I-VP
to TO I-VP
include VB I-VP
a DT B-NP
lower JJR I-NP
purchase NN I-NP
price NN I-NP
to TO B-VP
reflect VB I-VP
the DT B-NP
sharp JJ I-NP
drop NN I-NP
in IN B-PP
UAL NNP B-NP
's POS B-NP
stock NN I-NP
in IN B-PP
the DT B-NP
past JJ I-NP
week NN I-NP
. . O

UAL NNP B-NP
stock NN I-NP
dropped VBD B-VP
$ $ B-NP
1.625 CD I-NP
yesterday NN B-NP
to TO B-PP
$ $ B-NP
190.125 CD I-NP
on IN B-PP
volume NN B-NP
of IN B-PP
923,500 CD B-NP
shares NNS I-NP
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

UAL NNP B-NP
declined VBD B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
British NNP B-NP
Air NNP I-NP
's POS B-NP
statement NN I-NP
. . O

In IN B-PP
an DT B-NP
interview NN I-NP
Wednesday NNP B-NP
with IN B-PP
Dow NNP B-NP
Jones NNP I-NP
Professional NNP I-NP
Investor NNP I-NP
Report NNP I-NP
, , O
Mr. NNP B-NP
Stevens NNP I-NP
said VBD B-VP
, , O
`` `` O
We PRP B-NP
're VBP B-VP
in IN B-PP
no DT B-NP
way NN I-NP
committed VBN B-ADJP
to TO B-PP
a DT B-NP
deal NN I-NP
going VBG B-VP
through IN B-PRT
at IN B-ADVP
all DT I-ADVP
. . O

We PRP B-NP
're VBP B-VP
not RB I-VP
rushing VBG I-VP
into IN B-PP
anything NN B-NP
. . O

We PRP B-NP
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
be VB I-VP
party NN B-NP
to TO B-PP
a DT B-NP
second JJ I-NP
rejection NN I-NP
. . O
'' '' O

Indeed RB B-ADVP
, , O
British NNP B-NP
Air NNP I-NP
seemed VBD B-VP
to TO I-VP
be VB I-VP
distancing VBG I-VP
itself PRP B-NP
from IN B-PP
the DT B-NP
troubled JJ I-NP
transaction NN I-NP
early RB B-ADVP
in IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
avoid VB I-VP
any DT B-NP
further JJ I-NP
embarrassment NN I-NP
. . O

The DT B-NP
original JJ I-NP
transaction NN I-NP
fell VBD B-VP
through IN B-PRT
on IN B-PP
the DT B-NP
same JJ I-NP
day NN I-NP
British NNP B-NP
Air NNP I-NP
shareholders NNS I-NP
approved VBD B-VP
the DT B-NP
plan NN I-NP
at IN B-PP
a DT B-NP
special JJ I-NP
meeting NN I-NP
after IN B-SBAR
the DT B-NP
British JJ I-NP
succeeded VBN B-VP
in IN B-PP
arranging VBG B-VP
the DT B-NP
financing NN I-NP
for IN B-PP
its PRP$ B-NP
equity NN I-NP
contribution NN I-NP
. . O

The DT B-NP
carrier NN I-NP
also RB B-ADVP
seemed VBD B-VP
eager JJ B-ADJP
to TO B-VP
place VB I-VP
blame NN B-NP
on IN B-PP
its PRP$ B-NP
American JJ I-NP
counterparts NNS I-NP
. . O

`` `` O
The DT B-NP
-LCB- ( I-NP
buy-out NN I-NP
-RCB- ) I-NP
consortium NN I-NP
ceased VBD B-VP
to TO I-VP
exist VB I-VP
because IN B-SBAR
our PRP$ B-NP
American JJ I-NP
partners NNS I-NP
were VBD B-VP
not RB B-ADJP
capable JJ I-ADJP
of IN B-PP
organizing VBG B-VP
the DT B-NP
financing NN I-NP
, , O
'' '' O
a DT B-NP
British NNP I-NP
Air NNP I-NP
spokesman NN I-NP
said VBD B-VP
. . O

British JJ B-NP
Airways NNPS I-NP
may MD B-VP
have VB I-VP
begun VBN I-VP
to TO I-VP
have VB I-VP
second JJ B-NP
thoughts NNS I-NP
about IN B-PP
the DT B-NP
transaction NN I-NP
after IN B-SBAR
the DT B-NP
Transportation NNP I-NP
Department NNP I-NP
forced VBD B-VP
Northwest NNP B-NP
's POS B-NP
Airlines NNPS I-NP
' POS B-NP
new JJ I-NP
owners NNS I-NP
to TO B-VP
restructure VB I-VP
the DT B-NP
equity NN I-NP
contribution NN I-NP
of IN B-PP
KLM NNP B-NP
Royal NNP I-NP
Dutch JJ I-NP
Airlines NNPS I-NP
in IN B-PP
that DT B-NP
carrier NN I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
department NN I-NP
's POS B-NP
statements NNS I-NP
since IN B-PP
the DT B-NP
Northwest NNP I-NP
transaction NN I-NP
indicated VBD B-VP
it PRP B-NP
planned VBD B-VP
to TO I-VP
curtail VB I-VP
foreign JJ B-NP
ownership NN I-NP
stakes NNS I-NP
in IN B-PP
U.S. NNP B-NP
carriers NNS I-NP
. . O

Even RB B-ADVP
before IN B-PP
British NNP B-NP
Air NNP I-NP
's POS B-NP
announcement NN I-NP
, , O
pilot NN B-NP
union NN I-NP
leaders NNS I-NP
had VBD B-VP
been VBN I-VP
meeting NN I-VP
in IN B-PP
Chicago NNP B-NP
yesterday NN B-NP
to TO B-VP
consider VB I-VP
their PRP$ B-NP
options NNS I-NP
. . O

The DT B-NP
leaders NNS I-NP
expressed VBD B-VP
support NN B-NP
for IN B-PP
trying VBG B-VP
to TO I-VP
revive VB I-VP
the DT B-NP
bid NN I-NP
following VBG B-PP
a DT B-NP
briefing NN I-NP
Wednesday NNP B-NP
by IN B-PP
the DT B-NP
union NN I-NP
's POS B-NP
advisers NNS I-NP
, , O
Lazard NNP B-NP
Freres NNP I-NP
& CC I-NP
Co. NNP I-NP
and CC O
Paul NNP B-NP
, , I-NP
Weiss NNP I-NP
, , I-NP
Rifkind NNP I-NP
Wharton NNP I-NP
& CC I-NP
Garrison NNP I-NP
. . O

They PRP B-NP
also RB B-ADVP
unanimously RB B-ADVP
re-elected VBN B-VP
Mr. NNP B-NP
Dubinsky NNP I-NP
, , O
the DT B-NP
union NN I-NP
chairman NN I-NP
who WP B-NP
has VBZ B-VP
led VBN I-VP
the DT B-NP
pilots NNS I-NP
' POS B-NP
2 CD O
1\/2-year JJ O
fight NN B-NP
to TO B-VP
take VB I-VP
control NN B-NP
of IN B-PP
the DT B-NP
airline NN I-NP
. . O

UAL NNP B-NP
's POS B-NP
advisers NNS I-NP
have VBP B-VP
indicated VBN I-VP
previously RB B-ADVP
that IN B-SBAR
it PRP B-NP
may MD B-VP
take VB I-VP
a DT B-NP
while JJ I-NP
to TO B-VP
come VB I-VP
forward RB B-PRT
with IN B-PP
a DT B-NP
revised VBN I-NP
plan NN I-NP
since IN B-SBAR
they PRP B-NP
want VBP B-VP
to TO I-VP
have VB I-VP
firm NN B-NP
bank NN I-NP
commitments NNS I-NP
before IN B-PP
launching VBG B-VP
a DT B-NP
new JJ I-NP
bid NN I-NP
. . O

They PRP B-NP
have VBP B-VP
maintained VBN I-VP
that IN B-SBAR
banks NNS B-NP
remain VBP B-VP
interested JJ B-ADJP
in IN B-PP
financing VBG B-VP
the DT B-NP
transaction NN I-NP
. . O

The DT B-NP
buy-out NN I-NP
fell VBD B-VP
through IN B-PRT
after IN B-SBAR
Citicorp NNP B-NP
and CC O
Chase NNP B-NP
Manhattan NNP I-NP
Corp. NNP I-NP
, , O
the DT B-NP
lead NN I-NP
banks NNS I-NP
in IN B-PP
the DT B-NP
transaction NN I-NP
, , O
failed VBD B-VP
to TO I-VP
obtain VB I-VP
$ $ B-NP
7.2 CD I-NP
billion CD I-NP
in IN B-PP
financing NN B-NP
needed VBN B-VP
for IN B-PP
the DT B-NP
plan NN I-NP
. . O

Italy NNP B-NP
's POS B-NP
industrial JJ I-NP
wholesale JJ I-NP
sales NNS I-NP
index NN I-NP
rose VBD B-VP
13.2 CD B-NP
% NN I-NP
in IN B-PP
June NNP B-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
the DT B-NP
state NN I-NP
statistical JJ I-NP
institute NN I-NP
Istat NNP I-NP
said VBD B-VP
. . O

The DT B-NP
June NNP I-NP
increase NN I-NP
compared VBN B-VP
with IN B-PP
a DT B-NP
rise NN I-NP
of IN B-PP
10.5 CD B-NP
% NN I-NP
in IN B-PP
May NNP B-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Domestic JJ B-NP
wholesale JJ I-NP
sales NNS I-NP
rose VBD B-VP
11.9 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
while IN B-SBAR
foreign JJ B-NP
sales NNS I-NP
jumped VBD B-VP
17.3 CD B-NP
% NN I-NP
, , O
Istat NNP B-NP
said VBD B-VP
. . O

For IN B-PP
the DT B-NP
first JJ I-NP
six CD I-NP
months NNS I-NP
, , O
wholesale JJ B-NP
sales NNS I-NP
rose VBD B-VP
12.3 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
year NN I-NP
before RB B-ADVP
, , O
reflecting VBG B-VP
to TO B-PP
a DT B-NP
11.5 CD I-NP
% NN I-NP
jump NN I-NP
in IN B-PP
domestic JJ B-NP
sales NNS I-NP
and CC O
a DT B-NP
14.6 CD I-NP
% NN I-NP
boost NN I-NP
in IN B-PP
foreign JJ B-NP
sales NNS I-NP
. . O

Sales NNS B-NP
of IN B-PP
capital NN B-NP
goods NNS I-NP
to TO B-PP
foreign JJ B-NP
and CC I-NP
domestic JJ I-NP
destinations NNS I-NP
increased VBN B-VP
16.6 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
January-June JJ I-NP
period NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
of IN B-PP
consumer NN B-NP
goods NNS I-NP
rose VBD B-VP
6.9 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
same JJ I-NP
period NN I-NP
, , O
while IN B-SBAR
sales NNS B-NP
of IN B-PP
intermediate JJ B-NP
goods NNS I-NP
were VBD B-VP
up IN B-ADVP
13.8 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Senate NNP B-NP
Democrats NNPS I-NP
favoring VBG B-VP
a DT B-NP
cut NN I-NP
in IN B-PP
the DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
have VBP B-VP
decided VBN I-VP
, , O
under IN B-PP
pressure NN B-NP
from IN B-PP
their PRP$ B-NP
leaders NNS I-NP
, , O
not RB O
to TO B-VP
offer VB I-VP
their PRP$ B-NP
own JJ I-NP
proposal NN I-NP
, , O
placing VBG B-VP
another DT B-NP
obstacle NN I-NP
in IN B-PP
the DT B-NP
path NN I-NP
of IN B-PP
President NNP B-NP
Bush NNP I-NP
's POS B-NP
legislative JJ I-NP
priority NN I-NP
. . O

A DT B-NP
core NN I-NP
group NN I-NP
of IN B-PP
six CD B-NP
or CC I-NP
so RB I-NP
Democratic JJ I-NP
senators NNS I-NP
has VBZ B-VP
been VBN I-VP
working VBG I-VP
behind IN B-PP
the DT B-NP
scenes NNS I-NP
to TO B-VP
develop VB I-VP
a DT B-NP
proposal NN I-NP
to TO B-VP
reduce VB I-VP
the DT B-NP
tax NN I-NP
on IN B-PP
the DT B-NP
gain NN I-NP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
assets NNS B-NP
. . O

The DT B-NP
plan NN I-NP
was VBD B-VP
complete JJ B-ADJP
except IN B-PP
for IN B-PP
finishing VBG B-NP
touches NNS I-NP
, , O
and CC O
there EX B-NP
was VBD B-VP
talk VB B-NP
that IN B-SBAR
it PRP B-NP
would MD B-VP
be VB I-VP
unveiled VBN I-VP
as RB B-ADVP
early RB I-ADVP
as IN B-PP
yesterday NN B-NP
. . O

But CC O
Senate NNP B-NP
Majority NNP I-NP
Leader NNP I-NP
George NNP I-NP
Mitchell NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Maine NNP B-NP
-RRB- ) O
, , O
a DT B-NP
vigorous JJ I-NP
opponent NN I-NP
of IN B-PP
the DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
cut VB I-NP
, , O
called VBD B-VP
the DT B-NP
group NN I-NP
to TO B-VP
meet VB I-VP
with IN B-PP
him PRP B-NP
Wednesday NNP B-NP
night NN I-NP
and CC O
again RB B-ADVP
yesterday NN B-NP
. . O

Sen. NNP B-NP
Mitchell NNP I-NP
urged VBD B-VP
them PRP B-NP
to TO B-VP
desist VB I-VP
. . O

Afterward RB B-ADVP
, , O
leaders NNS B-NP
of IN B-PP
the DT B-NP
dissident JJ I-NP
Democrats NNPS I-NP
relented VBD B-VP
, , O
and CC O
said VBD B-VP
they PRP B-NP
would MD B-VP
n't RB I-VP
offer VB I-VP
their PRP$ B-NP
own JJ I-NP
proposal NN I-NP
as IN B-SBAR
they PRP B-NP
had VBD B-VP
planned VBN I-VP
. . O

The DT B-NP
decision NN I-NP
is VBZ B-VP
a DT B-NP
setback NN I-NP
for IN B-PP
President NNP B-NP
Bush NNP I-NP
, , O
who WP B-NP
needs VBZ B-VP
the DT B-NP
support NN I-NP
of IN B-PP
Democrats NNPS B-NP
to TO B-VP
pass VB I-VP
the DT B-NP
tax NN I-NP
cut NN I-NP
through IN B-PP
the DT B-NP
Democratic-controlled JJ I-NP
Senate NNP I-NP
. . O

Having VBG B-VP
a DT B-NP
proposal NN I-NP
sponsored VBN B-VP
by IN B-PP
Democrats NNPS B-NP
would MD B-VP
have VB I-VP
given VBN I-VP
the DT B-NP
president NN I-NP
an DT B-NP
advantage NN I-NP
. . O

Having VBG B-VP
only RB B-NP
a DT I-NP
Republican NNP I-NP
measure NN I-NP
makes VBZ B-VP
the DT B-NP
task NN I-NP
harder JJR B-ADJP
. . O

Still RB B-ADVP
, , O
Sen. NNP B-NP
Bob NNP I-NP
Packwood NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Ore. NNP B-NP
-RRB- ) O
, , O
the DT B-NP
lead NN I-NP
sponsor NN I-NP
of IN B-PP
the DT B-NP
Republican NNP I-NP
capital-gains NNS I-NP
amendment NN I-NP
, , O
predicted VBD B-VP
that IN B-SBAR
the DT B-NP
tax NN I-NP
cut NN I-NP
would MD B-VP
be VB I-VP
enacted VBN I-VP
this DT B-NP
year NN I-NP
. . O

He PRP B-NP
said VBD B-VP
a DT B-NP
clear JJ I-NP
majority NN I-NP
of IN B-PP
senators NNS B-NP
back RB B-VP
the DT B-NP
tax NN I-NP
reduction NN I-NP
and CC O
that IN B-SBAR
ultimately RB B-ADVP
there EX B-NP
would MD B-VP
be VB I-VP
enough JJ B-NP
senators NNS I-NP
to TO B-VP
overcome VB I-VP
any DT B-NP
procedural JJ I-NP
hurdle NN I-NP
the DT B-NP
Democratic JJ I-NP
leadership NN I-NP
might MD B-VP
erect VB I-VP
. . O

But CC O
Sen. NNP B-NP
Mitchell NNP I-NP
, , O
buoyed VBN B-VP
by IN B-PP
his PRP$ B-NP
victory NN I-NP
among IN B-PP
fellow NN B-NP
Democrats NNPS I-NP
, , O
strongly RB B-ADVP
disagreed VBD B-VP
. . O

Mr. NNP B-NP
Mitchell NNP I-NP
has VBZ B-VP
been VBN I-VP
predicting VBG I-VP
that IN B-SBAR
the DT B-NP
president NN I-NP
's POS B-NP
initiative NN I-NP
would MD B-VP
fail VB I-VP
this DT B-NP
year NN I-NP
. . O

Yesterday NN B-NP
, , O
in IN B-PP
an DT B-NP
interview NN I-NP
, , O
he PRP B-NP
added VBD B-VP
that IN B-SBAR
the DT B-NP
Democrats NNPS I-NP
' POS B-NP
decision NN I-NP
`` `` O
increases VBZ B-VP
the DT B-NP
likelihood NN I-NP
that IN B-SBAR
a DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
cut VB I-NP
will MD B-VP
not RB I-VP
pass VB I-VP
this DT B-NP
year NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Mitchell NNP I-NP
's POS B-NP
first JJ I-NP
victory NN I-NP
came VBD B-VP
last JJ B-NP
week NN I-NP
, , O
when WRB B-ADVP
the DT B-NP
Senate NNP I-NP
passed VBD B-VP
a DT B-NP
deficit-reduction NN I-NP
bill NN I-NP
that WDT B-NP
did VBD B-VP
n't RB I-VP
contain VB I-VP
a DT B-NP
capital-gains NNS I-NP
provision NN I-NP
. . O

That DT B-NP
vote NN I-NP
made VBD B-VP
it PRP B-NP
unlikely JJ B-ADJP
that IN B-SBAR
a DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
cut VB I-NP
would MD B-VP
be VB I-VP
included VBN I-VP
in IN B-PP
the DT B-NP
final JJ I-NP
bill NN I-NP
, , O
now RB B-VP
being VBG I-VP
drafted VBN I-VP
by IN B-PP
House NNP B-NP
and CC I-NP
Senate NNP I-NP
negotiators NNS I-NP
. . O

The DT B-NP
House NNP I-NP
version NN I-NP
of IN B-PP
the DT B-NP
bill NN I-NP
does VBZ B-VP
include VBP I-VP
the DT B-NP
tax NN I-NP
cut NN I-NP
. . O

Now RB B-ADVP
Republican NNP B-NP
leaders NNS I-NP
are VBP B-VP
concentrating VBG I-VP
on IN B-PP
attaching VBG B-VP
a DT B-NP
capital-gains NNS I-NP
amendment NN I-NP
to TO B-PP
some DT B-NP
other JJ I-NP
bill NN I-NP
, , O
perhaps RB B-ADVP
a DT B-NP
measure NN I-NP
raising VBG B-VP
the DT B-NP
federal JJ I-NP
borrowing NN I-NP
limit NN I-NP
or CC O
a DT B-NP
second JJ I-NP
tax NN I-NP
bill NN I-NP
that WDT B-NP
would MD B-VP
follow VB I-VP
on IN B-PP
the DT B-NP
heels NNS I-NP
of IN B-PP
the DT B-NP
deficit-reduction NN I-NP
legislation NN I-NP
. . O

To TO B-VP
help VB I-VP
lay VBD I-VP
the DT B-NP
groundwork NN I-NP
for IN B-PP
that DT B-NP
fight NN I-NP
, , O
President NNP B-NP
Bush NNP I-NP
plans VBZ B-VP
early JJ B-NP
next JJ I-NP
week NN I-NP
to TO B-VP
meet VB I-VP
at IN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
with IN B-PP
some DT B-NP
20 CD I-NP
Democratic JJ I-NP
senators NNS I-NP
who WP B-NP
favor VBP B-VP
cutting VBG I-VP
the DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
or CC O
are VBP B-VP
undecided JJ B-ADJP
on IN B-PP
the DT B-NP
issue NN I-NP
. . O

The DT B-NP
president NN I-NP
apparently RB B-ADVP
will MD B-VP
have VB I-VP
only RB B-NP
one CD I-NP
bill NN I-NP
to TO B-VP
push VB I-VP
, , O
Sen. NNP B-NP
Packwood NNP I-NP
's POS B-NP
, , O
and CC O
at IN B-ADVP
least JJS I-ADVP
some DT B-NP
of IN B-PP
the DT B-NP
dissident JJ I-NP
Democrats NNPS I-NP
plan NN B-VP
to TO I-VP
support VB I-VP
it PRP B-NP
. . O

`` `` O
I PRP B-NP
may MD B-VP
want VB I-VP
to TO I-VP
offer VB I-VP
additional JJ B-NP
amendments NNS I-NP
to TO B-VP
improve VB I-VP
it PRP B-NP
when WRB B-ADVP
the DT B-NP
bill NN I-NP
comes VBZ B-VP
to TO B-PP
the DT B-NP
floor NN I-NP
, , O
'' '' O
said VBD B-VP
Sen. NNP B-NP
David NNP I-NP
Boren NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Okla. NNP B-NP
-RRB- ) O
, , O
a DT B-NP
leader NN I-NP
of IN B-PP
those DT B-NP
Democrats NNPS I-NP
. . O

The DT B-NP
Packwood NNP I-NP
plan NN I-NP
, , O
as IN B-SBAR
expected VBN B-VP
, , O
would MD B-VP
allow VB I-VP
individuals NNS B-NP
to TO B-VP
exclude VB I-VP
from IN B-PP
income NN B-NP
5 NN B-NP
% NN I-NP
of IN B-PP
the DT B-NP
gain NN I-NP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
a DT B-NP
capital NN I-NP
asset NN I-NP
held VBN B-VP
for IN B-PP
more JJR B-NP
than IN I-NP
one CD I-NP
year NN I-NP
. . O

The DT B-NP
exclusion NN I-NP
would MD B-VP
rise VB I-VP
five CD B-NP
percentage NN I-NP
points NNS I-NP
for IN B-PP
each DT B-NP
year NN I-NP
the DT B-NP
asset NN I-NP
was VBD B-VP
held VBN I-VP
, , O
until IN B-SBAR
it PRP B-NP
reached VBD B-VP
a DT B-NP
maximum NN I-NP
of IN B-PP
35 CD B-NP
% NN I-NP
after IN B-PP
seven CD B-NP
years NNS I-NP
. . O

The DT B-NP
exclusion NN I-NP
would MD B-VP
apply VB I-VP
to TO B-PP
assets NNS B-NP
sold VBN B-VP
after IN B-PP
Oct. NNP B-NP
1 CD I-NP
. . O

As IN B-PP
an DT B-NP
alternative NN I-NP
, , O
taxpayers NNS B-NP
could MD B-VP
chose VBD I-VP
to TO I-VP
reduce VB I-VP
their PRP$ B-NP
gains NNS I-NP
by IN B-PP
an DT B-NP
inflation NN I-NP
index NN I-NP
. . O

For IN B-PP
corporations NNS B-NP
, , O
the DT B-NP
top JJ I-NP
tax NN I-NP
rate NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
assets NNS B-NP
held VBN B-VP
for IN B-PP
more JJR B-NP
than IN I-NP
three CD I-NP
years NNS I-NP
would MD B-VP
be VB I-VP
cut VBN I-VP
to TO B-PP
33 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
current JJ I-NP
top JJ I-NP
rate NN I-NP
of IN B-PP
34 CD B-NP
% NN I-NP
. . O

That DT B-NP
rate NN I-NP
would MD B-VP
gradually RB I-VP
decline VB I-VP
to TO B-PP
as RB B-NP
little JJ I-NP
as IN I-NP
29 CD I-NP
% NN I-NP
for IN B-PP
corporate JJ B-NP
assets NNS I-NP
held VBN B-VP
for IN B-PP
15 CD B-NP
years NNS I-NP
. . O

The DT B-NP
Packwood NNP I-NP
plan NN I-NP
also RB B-ADVP
would MD B-VP
include VB I-VP
a DT B-NP
proposal NN I-NP
, , O
designed VBN B-VP
by IN B-PP
Sen. NNP B-NP
William NNP I-NP
Roth NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Del. NNP B-NP
-RRB- ) O
, , O
that WDT B-NP
would MD B-VP
create VB I-VP
new JJ B-NP
tax NN I-NP
benefits NNS I-NP
for IN B-PP
individual JJ B-NP
retirement NN I-NP
accounts NNS I-NP
. . O

The DT B-NP
Roth NNP I-NP
plan NN I-NP
would MD B-VP
create VB I-VP
a DT B-NP
new JJ I-NP
, , I-NP
non-deductible JJ I-NP
IRA NNP I-NP
from IN B-PP
which WDT B-NP
money NN B-NP
could MD B-VP
be VB I-VP
withdrawn VBN I-VP
tax-free JJ B-ADVP
not RB B-CONJP
only RB O
for IN B-PP
retirement NN B-NP
, , O
but CC B-CONJP
also RB I-CONJP
for IN B-PP
the DT B-NP
purchase NN I-NP
of IN B-PP
a DT B-NP
first JJ I-NP
home NN I-NP
, , O
education NN B-NP
expenses NNS I-NP
and CC O
medical JJ B-NP
expenses NNS I-NP
. . O

Current JJ B-NP
IRAs NNS I-NP
could MD B-VP
be VB I-VP
rolled VBN I-VP
over IN B-PRT
into IN B-PP
the DT B-NP
new JJ I-NP
IRAs NNS I-NP
, , O
but CC O
would MD B-VP
be VB I-VP
subject NN B-ADJP
to TO B-PP
tax VB B-NP
though IN B-PP
no DT B-NP
penalty NN I-NP
. . O

Westmoreland NNP B-NP
Coal NNP I-NP
Co. NNP I-NP
, , O
realizing VBG B-VP
benefits NNS B-NP
of IN B-PP
a DT B-NP
sustained VBN I-NP
effort NN I-NP
to TO B-VP
cut VB I-VP
costs NNS B-NP
and CC O
boost VB B-VP
productivity NN B-NP
, , O
reported VBD B-VP
sharply RB B-NP
improved VBN I-NP
third-quarter JJ I-NP
results NNS I-NP
. . O

The DT B-NP
producer NN I-NP
and CC I-NP
marketer NN I-NP
of IN B-PP
low-sulfur JJ B-NP
coal NN I-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
was VBD B-VP
$ $ B-NP
5.9 CD I-NP
million CD I-NP
, , O
or CC O
71 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
145.4 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
, , O
the DT B-NP
company NN I-NP
reported VBD B-VP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
520,000 CD I-NP
or CC O
six CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

In IN B-PP
the DT B-NP
latest JJS I-NP
nine CD I-NP
months NNS I-NP
, , O
the DT B-NP
company NN I-NP
earned VBD B-VP
$ $ B-NP
8.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.03 CD I-NP
a DT B-NP
share NN I-NP
. . O

Last JJ B-NP
year NN I-NP
's POS B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
3,524,000 CD I-NP
included VBD B-VP
a DT B-NP
benefit NN I-NP
of IN B-PP
$ $ B-NP
1,640,000 CD I-NP
from IN B-PP
an DT B-NP
accounting NN I-NP
change NN I-NP
. . O

Revenue NN B-NP
for IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
449 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
441.1 CD I-NP
million CD I-NP
. . O

In IN B-PP
an DT B-NP
interview NN I-NP
, , O
Pemberton NNP B-NP
Hutchinson NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
, , O
cited VBD B-VP
several JJ B-NP
reasons NNS I-NP
for IN B-PP
the DT B-NP
improvement NN I-NP
: : O
higher JJR B-NP
employee NN I-NP
productivity NN I-NP
and CC O
`` `` B-NP
good JJ I-NP
natural JJ I-NP
conditions NNS I-NP
'' '' O
in IN B-PP
the DT B-NP
mines NNS I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
lower JJR B-NP
costs NNS I-NP
for IN B-PP
materials NNS B-NP
, , O
administrative JJ B-NP
overhead NN I-NP
and CC O
debt NN B-NP
interest NN I-NP
. . O

In IN B-PP
the DT B-NP
latest JJS I-NP
nine CD I-NP
months NNS I-NP
, , O
Mr. NNP B-NP
Hutchinson NNP I-NP
said VBD B-VP
, , O
total JJ B-NP
coal NN I-NP
sales NNS I-NP
rose VBD B-VP
to TO B-PP
about IN B-NP
14.6 CD I-NP
million CD I-NP
tons NNS I-NP
from IN B-PP
about IN B-NP
14.3 CD I-NP
million CD I-NP
tons NNS I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

In IN B-PP
addition NN B-NP
, , O
long-term JJ B-NP
debt NN I-NP
has VBZ B-VP
been VBN I-VP
trimmed VBN O
to TO B-PP
about RB B-NP
$ $ I-NP
72 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
96 CD I-NP
million CD I-NP
since IN B-PP
Jan. NNP B-NP
1 CD I-NP
. . O

He PRP B-NP
predicted VBD B-VP
the DT B-NP
debt NN I-NP
ratio NN I-NP
will MD B-VP
improve VB I-VP
further JJ B-ADVP
in IN B-PP
coming VBG B-NP
quarters NNS I-NP
. . O

Westmoreland NNP B-NP
's POS B-NP
strategy NN I-NP
is VBZ B-VP
to TO B-VP
retain VB I-VP
and CC I-VP
expand VB I-VP
its PRP$ B-NP
core NN I-NP
business NN I-NP
of IN B-PP
mining NN B-VP
and CC I-VP
selling VBG I-VP
low-sulphur JJ B-NP
coal NN I-NP
in IN B-PP
the DT B-NP
Appalachia NNP I-NP
region NN I-NP
. . O

The DT B-NP
operating VBG I-NP
territory NN I-NP
includes VBZ B-VP
coal NN B-NP
terminals NNS I-NP
on IN B-PP
the DT B-NP
Ohio NNP I-NP
River NNP I-NP
and CC B-PP
in IN B-PP
Newport NNP B-NP
News NNP I-NP
, , O
Va NNP B-NP
. . O

Westmoreland NNP B-NP
exports NNS B-VP
about IN B-NP
a DT I-NP
fourth JJ I-NP
of IN B-PP
its PRP$ B-NP
coal NN I-NP
tonnage NN I-NP
, , O
including VBG B-PP
a DT B-NP
significant JJ I-NP
amount NN I-NP
of IN B-PP
metallurgical JJ B-NP
coal NN I-NP
produced VBN B-VP
by IN B-PP
others NNS B-NP
that WDT B-NP
is VBZ B-VP
used VBN I-VP
by IN B-PP
steelmakers NNS B-NP
overseas JJ B-ADVP
. . O

For IN B-PP
the DT B-NP
past JJ I-NP
couple NN I-NP
of IN B-PP
years NNS B-NP
, , O
Westmoreland NNP B-NP
has VBZ B-VP
undertaken VBN I-VP
an DT B-NP
aggressive JJ I-NP
streamlining NN I-NP
of IN B-PP
all DT B-NP
aspects NNS I-NP
of IN B-PP
its PRP$ B-NP
business NN I-NP
. . O

Marginal JJ B-NP
operations NNS I-NP
and CC O
assets NNS B-NP
have VBP B-VP
been VBN I-VP
sold VBN I-VP
. . O

The DT B-NP
size NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
board NN I-NP
has VBZ B-VP
been VBN I-VP
reduced VBN I-VP
to TO B-PP
eight CD B-NP
directors NNS I-NP
from IN B-PP
13 CD B-NP
. . O

About IN B-NP
140 CD I-NP
salaried JJ I-NP
management NN I-NP
jobs NNS I-NP
and CC O
hundreds NNS B-NP
of IN B-PP
hourly JJ B-NP
wage NN I-NP
positions NNS I-NP
have VBP B-VP
been VBN I-VP
eliminated VBN I-VP
. . O

Even JJ B-NP
perks NNS I-NP
have VBP B-VP
been VBN I-VP
reduced VBN I-VP
. . O

For IN B-PP
example NN B-NP
, , O
the DT B-NP
chief JJ I-NP
executive NN I-NP
himself PRP B-NP
now RB B-ADVP
pays VBZ B-VP
20 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
cost NN I-NP
of IN B-PP
his PRP$ B-NP
health NN I-NP
benefits NNS I-NP
; : O
the DT B-NP
company NN I-NP
used VBN B-VP
to TO I-VP
pay VB I-VP
100 CD B-NP
% NN I-NP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
the DT B-NP
ship NN I-NP
is VBZ B-VP
now RB I-VP
righted VBN I-VP
, , O
the DT B-NP
bilges NNS I-NP
are VBP B-VP
pumped VBN I-VP
and CC O
we PRP B-NP
are VBP B-VP
on IN B-PP
course NN B-NP
, , O
'' '' O
Mr. NNP B-NP
Hutchinson NNP I-NP
said VBD B-VP
of IN B-PP
the DT B-NP
restructuring NN I-NP
program NN I-NP
. . O

`` `` O
Much RB B-NP
of IN B-PP
what WP B-NP
we PRP B-NP
set VBD B-VP
out IN B-PRT
to TO B-VP
do VB I-VP
is VBZ B-VP
completed VBN I-VP
. . O
'' '' O

But CC O
he PRP B-NP
cautioned VBD B-VP
that IN O
Westmoreland NNP B-NP
's POS B-NP
third JJ I-NP
quarter NN I-NP
is VBZ B-VP
typically RB B-ADVP
better JJR B-ADJP
than IN B-PP
the DT B-NP
fourth JJ I-NP
, , O
so RB O
investors NNS B-NP
`` `` O
should MD B-VP
n't RB I-VP
just RB I-VP
multiply VB I-VP
the DT B-NP
third JJ I-NP
quarter NN I-NP
by IN B-PP
four CD B-NP
'' '' O
and CC O
assume VB B-VP
the DT B-NP
same JJ I-NP
rate NN I-NP
of IN B-PP
improvement NN B-NP
can MD B-VP
be VB I-VP
sustained VBN I-VP
. . O

One CD B-NP
difference NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
is VBZ B-VP
that IN B-SBAR
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
has VBZ B-VP
significantly RB B-NP
fewer JJR I-NP
workdays NNS I-NP
because IN B-PP
of IN I-PP
holidays NNS B-NP
and CC O
the DT B-NP
hunting NN I-NP
season NN I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
give VB I-VP
the DT B-NP
impression NN I-NP
that DT B-SBAR
everybody NN B-NP
can MD B-VP
relax VB I-VP
now RB B-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
We PRP B-NP
have VBP B-VP
to TO I-VP
keep VB I-VP
working VBG I-VP
at IN B-PP
improving VBG B-VP
our PRP$ B-NP
core NN I-NP
business NN I-NP
to TO B-VP
stay VB I-VP
efficient JJ B-ADJP
. . O

It PRP B-NP
's VBZ B-VP
a DT B-NP
process NN I-NP
that IN B-NP
never RB B-ADVP
really RB B-ADVP
ends VBZ B-VP
. . O
'' '' O

Nevertheless RB B-ADVP
, , O
Mr. NNP B-NP
Hutchinson NNP I-NP
predicted VBD B-VP
that IN B-SBAR
1989 CD B-NP
would MD B-VP
be VB I-VP
`` `` O
solidly RB B-ADJP
profitable JJ I-ADJP
'' '' O
for IN B-PP
Westmoreland NNP B-NP
and CC O
that IN O
1990 CD B-NP
would MD B-VP
bring VB I-VP
`` `` O
more JJR B-NP
of IN B-PP
the DT B-NP
same JJ I-NP
. . O
'' '' O

For IN B-PP
all DT B-NP
of IN B-PP
1988 CD B-NP
, , O
the DT B-NP
company NN I-NP
reported VBD B-VP
an DT B-NP
after-tax JJ I-NP
operating NN I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
134,000 CD I-NP
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
593.5 CD I-NP
million CD I-NP
. . O

An DT B-NP
accounting NN I-NP
adjustment NN I-NP
made VBD B-VP
net JJ B-NP
income NN I-NP
$ $ B-NP
1.5 CD I-NP
million CD I-NP
, , O
or CC O
18 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

In IN B-PP
a DT B-NP
move NN I-NP
that WDT B-NP
complements VBZ B-VP
the DT B-NP
company NN I-NP
's POS B-NP
basic JJ I-NP
strategy NN I-NP
, , O
its PRP$ B-NP
Westmoreland NNP I-NP
Energy NNP I-NP
Inc. NNP I-NP
unit NN I-NP
is VBZ B-VP
developing VBG I-VP
four CD B-NP
coal-fired JJ I-NP
cogeneration NN I-NP
plants NNS I-NP
with IN B-PP
a DT B-NP
partner NN I-NP
in IN B-PP
Virginia NNP B-NP
. . O

Some DT B-NP
of IN B-PP
the DT B-NP
coal NN I-NP
the DT B-NP
plants NNS I-NP
buy VBP B-VP
will MD B-VP
come VB I-VP
from IN B-PP
Westmoreland NNP B-NP
mines NNS I-NP
. . O

Mr. NNP B-NP
Hutchinson NNP I-NP
predicted VBD B-VP
that IN B-SBAR
the DT B-NP
unit NN I-NP
's POS B-NP
contribution NN I-NP
to TO B-PP
company NN B-NP
results NNS I-NP
in IN B-PP
the DT B-NP
1990s CD I-NP
`` `` O
will MD B-VP
be VB I-VP
exciting JJ B-ADJP
. . O
'' '' O

He PRP B-NP
said VBD B-VP
Westmoreland NNP B-NP
is VBZ B-VP
looking VBG I-VP
at IN B-PP
investment NN B-NP
stakes NNS I-NP
in IN B-PP
other JJ B-NP
cogeneration NN I-NP
plants NNS I-NP
east NN B-ADJP
of IN B-PP
the DT B-NP
Mississippi NNP I-NP
River NNP I-NP
. . O

Westmoreland NNP B-NP
expects VBZ B-VP
energy NN B-NP
demand NN I-NP
to TO B-VP
grow VB I-VP
annually RB B-ADVP
in IN B-PP
the DT B-NP
2.5 CD I-NP
% NN I-NP
range NN I-NP
in IN B-PP
the DT B-NP
early JJ I-NP
1990s CD I-NP
. . O

`` `` O
We PRP B-NP
see VBP B-VP
coal NN B-NP
's POS B-NP
piece NN I-NP
of IN B-PP
the DT B-NP
action NN I-NP
growing VBG B-VP
, , O
'' '' O
Mr. NNP B-NP
Hutchinson NNP I-NP
said VBD B-VP
. . O

`` `` O
Coal NNP B-NP
prices NNS I-NP
, , O
while IN B-SBAR
not RB O
skyrocketing VBG B-VP
, , O
will MD B-VP
grow VB I-VP
modestly RB B-ADVP
in IN B-PP
real JJ B-NP
terms NNS I-NP
, , O
we PRP B-NP
think VBP B-VP
. . O

Chase NNP B-NP
Manhattan NNP I-NP
Corp. NNP I-NP
, , O
after IN B-PP
trying VBG B-VP
unsuccessfully RB I-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
interest NN I-NP
in IN B-PP
its PRP$ B-NP
lower JJR I-NP
Manhattan NNP I-NP
operations NNS I-NP
building NN I-NP
, , O
has VBZ B-VP
exercised VBN I-VP
its PRP$ B-NP
option NN I-NP
to TO B-VP
purchase VB I-VP
the DT B-NP
50-story JJ I-NP
office NN I-NP
tower NN I-NP
. . O

Chase NNP B-NP
had VBD B-VP
purchased VBN I-VP
an DT B-NP
option NN I-NP
to TO B-VP
buy VB I-VP
the DT B-NP
building NN I-NP
at IN B-PP
One CD B-NP
New NNP I-NP
York NNP I-NP
Plaza NNP I-NP
for IN B-PP
an DT B-NP
undisclosed JJ I-NP
sum NN I-NP
from IN B-PP
the DT B-NP
late JJ I-NP
Sol NNP I-NP
Atlas NNP I-NP
as IN B-PP
part NN B-NP
of IN B-PP
its PRP$ B-NP
original JJ I-NP
lease NN I-NP
in IN B-PP
1970 CD B-NP
. . O

The DT B-NP
current JJ I-NP
transaction NN I-NP
cost NN B-VP
the DT B-NP
bank NN I-NP
approximately RB B-NP
$ $ I-NP
140 CD I-NP
million CD I-NP
. . O

Of IN B-PP
that DT B-NP
amount NN I-NP
, , O
$ $ B-NP
20 CD I-NP
million CD I-NP
was VBD B-VP
payment NN B-NP
for IN B-PP
the DT B-NP
land NN I-NP
underneath IN B-PP
the DT B-NP
building NN I-NP
and CC O
the DT B-NP
rest NN I-NP
was VBD B-VP
for IN B-PP
the DT B-NP
building NN I-NP
itself PRP B-NP
. . O

The DT B-NP
building NN I-NP
houses NNS B-VP
about IN B-NP
4,500 CD I-NP
Chase NNP I-NP
workers NNS I-NP
, , O
most RBS B-NP
of IN B-PP
whom WP B-NP
will MD B-VP
be VB I-VP
moved VBN I-VP
to TO B-PP
downtown NN B-NP
Brooklyn NNP I-NP
after IN B-SBAR
the DT B-NP
bank NN I-NP
's POS B-NP
new JJ I-NP
back JJ I-NP
office NN I-NP
center NN I-NP
is VBZ B-VP
completed VBN I-VP
in IN B-PP
1993 CD B-NP
. . O

The DT B-NP
move NN I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
Chase NNP B-NP
's POS B-NP
strategy NN I-NP
to TO B-VP
consolidate VB I-VP
its PRP$ B-NP
back JJ I-NP
offices NNS I-NP
under IN B-PP
one CD B-NP
roof NN I-NP
. . O

The DT B-NP
headquarters NN I-NP
is VBZ B-VP
located VBN I-VP
a DT B-NP
few JJ I-NP
blocks NNS I-NP
away RB B-ADVP
at IN B-PP
1 CD B-NP
Chase NNP I-NP
Manhattan NNP I-NP
Plaza NNP I-NP
. . O

As IN B-PP
part NN B-NP
of IN B-PP
its PRP$ B-NP
decision NN I-NP
to TO B-VP
leave VB I-VP
the DT B-NP
building NN I-NP
, , O
Chase NNP B-NP
tried VBD B-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
interest NN I-NP
, , O
along IN B-ADVP
with IN B-PP
the DT B-NP
Atlas NNP I-NP
estate NN I-NP
's POS B-NP
interest NN I-NP
, , O
shortly RB B-ADVP
after IN B-PP
the DT B-NP
October NNP I-NP
1987 CD I-NP
stock NN I-NP
market NN I-NP
crash NN I-NP
. . O

Chase NNP B-NP
Senior NNP I-NP
Vice NNP I-NP
President NNP I-NP
George NNP I-NP
Scandalios NNP I-NP
said VBD B-VP
the DT B-NP
bank NN I-NP
decided VBD B-VP
to TO I-VP
exercise VB I-VP
its PRP$ B-NP
option NN I-NP
after IN B-SBAR
bids NNS B-NP
fell VBD B-VP
short NN B-ADVP
of IN B-PP
expectations NNS B-NP
. . O

He PRP B-NP
said VBD B-VP
Chase NNP B-NP
and CC O
the DT B-NP
Atlas NNP I-NP
estate NN I-NP
were VBD B-VP
looking VBG I-VP
to TO I-VP
sell VB I-VP
the DT B-NP
entire JJ I-NP
building NN I-NP
for IN B-PP
$ $ B-NP
400 CD I-NP
million CD I-NP
to TO I-NP
$ $ I-NP
475 CD I-NP
million CD I-NP
, , O
but CC O
did VBD B-VP
n't RB I-VP
get VB I-VP
an DT B-NP
offer NN I-NP
for IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
375 CD I-NP
million CD I-NP
. . O

As IN B-PP
the DT B-NP
building NN I-NP
's POS B-NP
new JJ I-NP
owner NN I-NP
, , O
Chase NNP B-NP
will MD B-VP
have VB I-VP
its PRP$ B-NP
work NN I-NP
cut NN B-VP
out IN B-PRT
for IN B-PP
it PRP B-NP
. . O

Chase NNP B-NP
is VBZ B-VP
vacating VBG I-VP
1.1 CD B-NP
million CD I-NP
square NN I-NP
feet NNS I-NP
of IN B-PP
space NN B-NP
, , O
and CC O
Salomon NNP B-NP
Brothers NNP I-NP
Inc. NNP I-NP
, , O
whose WP$ B-NP
headquarters NN I-NP
is VBZ B-VP
in IN B-PP
the DT B-NP
building NN I-NP
, , O
also RB B-ADVP
plans VBZ B-VP
to TO I-VP
move VB I-VP
shortly RB B-ADVP
. . O

In IN B-PP
addition NN B-NP
, , O
another DT B-NP
major JJ I-NP
building NN I-NP
tenant NN I-NP
, , O
Thomson NNP B-NP
McKinnon NNP I-NP
Inc. NNP I-NP
's POS B-NP
Thomson NNP I-NP
McKinnon NNP I-NP
Securities NNPS I-NP
, , O
likely JJ B-ADVP
will MD B-VP
vacate VB I-VP
the DT B-NP
premises NNS I-NP
as IN B-PP
part NN B-NP
of IN B-PP
its PRP$ B-NP
liquidation NN I-NP
. . O

New NNP B-NP
York NNP I-NP
real JJ I-NP
estate NN I-NP
brokerage NN I-NP
Edward NNP I-NP
S. NNP I-NP
Gordon NNP I-NP
Co. NNP I-NP
will MD B-VP
have VB I-VP
the DT B-NP
difficult JJ I-NP
task NN I-NP
of IN B-PP
finding VBG B-VP
new JJ B-NP
tenants NNS I-NP
. . O

Even RB B-ADVP
with IN B-PP
its PRP$ B-NP
striking JJ I-NP
views NNS I-NP
of IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
harbor NN I-NP
, , O
the DT B-NP
building NN I-NP
is VBZ B-VP
considered VBN I-VP
antiquated JJ B-ADJP
by IN B-PP
modern JJ B-NP
office NN I-NP
standards NNS I-NP
. . O

And CC O
Chase NNP B-NP
will MD B-VP
have VB I-VP
to TO I-VP
spend VB I-VP
approximately RB B-NP
$ $ I-NP
50 CD I-NP
million CD I-NP
to TO B-VP
remove VB I-VP
asbestos NN B-NP
from IN B-PP
the DT B-NP
premises NNS I-NP
. . O

WALL NNP B-NP
STREET NNP I-NP
, , O
SHAKE VB B-VP
hands NNS B-NP
with IN B-PP
George NNP B-NP
Orwell NNP I-NP
. . O

The DT B-NP
author NN I-NP
of IN B-PP
the DT B-NP
futuristic JJ I-NP
novel NN I-NP
`` `` I-NP
1984 CD I-NP
'' '' O
invented VBN B-VP
a DT B-NP
language NN I-NP
called VBN B-VP
Newspeak NNP B-NP
that WDT B-NP
made VBD B-VP
it PRP B-NP
impossible JJ B-ADJP
to TO B-VP
fully RB I-VP
develop VB I-VP
a DT B-NP
heretical JJ I-NP
thought VBD I-NP
-- : O
that DT B-NP
is VBZ B-VP
, , O
anything NN B-NP
negative JJ B-ADJP
about IN B-PP
the DT B-NP
policies NNS I-NP
and CC I-NP
practices NNS I-NP
of IN B-PP
the DT B-NP
state NN I-NP
. . O

Wall NNP B-NP
Street NNP I-NP
has VBZ B-VP
n't RB I-VP
gotten VBN I-VP
that IN B-ADVP
far RB I-ADVP
yet RB B-ADVP
, , O
but CC O
it PRP B-NP
has VBZ B-VP
made VBN I-VP
a DT B-NP
promising JJ I-NP
start NN I-NP
. . O

Its PRP$ B-NP
language NN I-NP
-- : O
call VB B-VP
it PRP B-NP
Streetspeak NNP B-NP
-- : O
is VBZ B-VP
increasingly RB B-ADVP
mellifluous JJ B-ADJP
, , O
reassuring VBG B-ADJP
, , O
and CC O
designed VBD B-VP
to TO I-VP
make VB I-VP
financial JJ B-NP
products NNS I-NP
and CC I-NP
maneuvers NNS I-NP
appear VBP B-VP
better JJR B-ADJP
, , I-ADJP
safer JJR I-ADJP
or CC I-ADJP
cheaper JJR I-ADJP
than IN B-SBAR
they PRP B-NP
really RB B-ADVP
are VBP B-VP
. . O

When WRB B-ADVP
something NN B-NP
undeniably RB B-ADJP
nasty JJ I-ADJP
happens VBZ B-VP
, , O
a DT B-NP
few JJ I-NP
euphemisms NNS I-NP
are VBP B-VP
deployed VBN I-VP
to TO B-VP
simply RB I-VP
make VB I-VP
it PRP B-NP
disappear VB B-VP
, , O
much JJ B-ADVP
as IN B-SBAR
a DT B-NP
fresh JJ I-NP
grave NN I-NP
may MD B-VP
be VB I-VP
covered VBN I-VP
by IN B-PP
a DT B-NP
blanket NN I-NP
of IN B-PP
flowers NNS B-NP
. . O

For IN B-PP
example NN B-NP
, , O
we PRP B-NP
'll MD B-VP
bet VB I-VP
you PRP B-NP
thought VBD B-VP
that IN B-SBAR
the DT B-NP
stock NN I-NP
market NN I-NP
crashed VBD B-VP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O

Wrong JJ B-ADJP
. . O

According VBG B-PP
to TO B-PP
some DT B-NP
of IN B-PP
the DT B-NP
grand JJ I-NP
panjandrums NNS I-NP
of IN B-PP
the DT B-NP
market NN I-NP
, , O
it PRP B-NP
never RB B-ADVP
happened VBD B-VP
. . O

In IN B-PP
their PRP$ B-NP
lexicon NN I-NP
the DT B-NP
508-point JJ I-NP
collapse NN I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
on IN B-PP
Oct. NNP B-NP
19 CD I-NP
, , I-NP
1987 CD I-NP
, , O
was VBD B-VP
just RB B-NP
a DT I-NP
big JJ I-NP
blip NN I-NP
. . O

Trotting VBG B-VP
out RP B-PRT
a DT B-NP
much-beloved JJ I-NP
Streetspeak NNP I-NP
term NN I-NP
, , O
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
Chairman NNP I-NP
John NNP I-NP
Phelan NNP I-NP
recently RB B-ADVP
declared VBD B-VP
that DT O
history NN B-NP
would MD B-VP
record VB I-VP
the DT B-NP
event NN I-NP
as IN B-PP
only RB B-NP
`` `` I-NP
a DT I-NP
major JJ I-NP
technical JJ I-NP
correction NN I-NP
. . O
'' '' O

-LRB- ( O
Another DT B-NP
much-beloved JJ I-NP
saying NN I-NP
, , O
however RB B-ADVP
, , O
this DT B-NP
one CD I-NP
in IN B-PP
plain JJ B-NP
English NNP I-NP
, , O
holds VBZ B-VP
that IN B-SBAR
if IN B-SBAR
something NN B-NP
walks VBZ B-VP
like IN B-PP
a DT B-NP
duck NN I-NP
and CC O
quacks NNS B-VP
like IN B-PP
a DT B-NP
duck NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
a DT B-NP
duck NN I-NP
. . O

On IN B-PP
Oct. NNP B-NP
29 CD I-NP
, , I-NP
1929 CD I-NP
-- : O
a DT B-NP
date NN I-NP
historians NNS B-NP
stubbornly RB B-ADVP
insist VBP B-VP
on IN B-PP
associating VBG B-VP
with IN B-PP
the DT B-NP
dreaded VBN I-NP
C-word NN I-NP
-- : O
the DT B-NP
DJ NNP I-NP
industrials NNS I-NP
fell VBD B-VP
12.8 CD B-NP
% NN I-NP
. . O

In IN B-PP
the DT B-NP
`` `` I-NP
technical JJ I-NP
correction NN I-NP
'' '' O
of IN B-PP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
they PRP B-NP
lost VBD B-VP
a DT B-NP
whopping JJ I-NP
22.6 CD I-NP
% NN I-NP
. . O
-RRB- ) O

Customers NNS B-NP
hear VBP B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
this DT B-NP
stuff NN I-NP
from IN B-PP
people NNS B-NP
who WP B-NP
try VBP B-VP
to TO I-VP
sell VB I-VP
them PRP B-NP
stock VB B-NP
. . O

These DT B-NP
people NNS I-NP
used VBN B-VP
to TO I-VP
be VB I-VP
called VBN I-VP
brokers NNS B-NP
, , O
but CC O
apparently RB B-ADVP
this DT B-NP
word NN I-NP
either DT O
is VBZ B-VP
not RB O
grandiose JJ B-ADJP
enough RB I-ADJP
or CC O
carries VBZ B-VP
too RB B-NP
many JJ I-NP
negative JJ I-NP
connotations NNS I-NP
from IN B-PP
the DT B-NP
aforementioned JJ I-NP
technical JJ I-NP
correction NN I-NP
, , O
when WRB B-ADVP
terrified VBN B-NP
customers NNS I-NP
could MD B-VP
n't RB I-VP
raise VB I-VP
brokers NNS B-NP
on IN B-PP
the DT B-NP
phone NN I-NP
. . O

Either CC B-NP
way NN I-NP
, , O
the DT B-NP
word NN I-NP
`` `` I-NP
broker NN I-NP
'' '' O
is VBZ B-VP
clearly RB B-ADVP
out IN B-PP
of IN B-PP
favor NN B-NP
. . O

Of IN B-PP
the DT B-NP
major JJ I-NP
New NNP I-NP
York-based JJ I-NP
securities NNS I-NP
firms NNS I-NP
, , O
only RB B-NP
Morgan NNP I-NP
Stanley NNP I-NP
& CC I-NP
Co. NNP I-NP
still RB B-ADVP
calls VBZ B-VP
its PRP$ B-NP
salespeople NN I-NP
brokers NNS B-NP
. . O

At IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
& CC I-NP
Co. NNP I-NP
and CC O
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc. NNP I-NP
, , O
they PRP B-NP
are VBP B-VP
`` `` O
financial JJ B-NP
consultants NNS I-NP
. . O
'' '' O

At IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc. NNP I-NP
, , O
Prudential NNP B-NP
Bache NNP I-NP
Securities NNPS I-NP
, , O
and CC O
Dean NNP B-NP
Witter NNP I-NP
Reynolds NNP I-NP
Inc. NNP I-NP
, , O
they PRP B-NP
are VBP B-VP
`` `` O
account NN B-NP
executives NNS I-NP
. . O
'' '' O

At IN B-PP
PaineWebber NNP B-NP
Inc. NNP I-NP
, , O
they PRP B-NP
are VBP B-VP
`` `` O
investment NN B-NP
executives NNS I-NP
. . O
'' '' O

Such JJ B-NP
titles NNS I-NP
are VBP B-VP
designed VBN I-VP
to TO I-VP
convey VB I-VP
a DT B-NP
sense NN I-NP
of IN B-PP
dignified VBN B-NP
, , I-NP
broad-scale JJ I-NP
competence NN I-NP
and CC I-NP
expertise NN I-NP
in IN B-PP
selling VBG B-VP
today NN B-NP
's POS B-NP
myriad JJ I-NP
financial JJ I-NP
products NNS I-NP
. . O

It PRP B-NP
is VBZ B-VP
a DT B-NP
competence NN I-NP
and CC I-NP
expertise NN I-NP
that IN B-NP
some DT B-NP
brokers NNS I-NP
themselves PRP B-NP
, , O
overwhelmed VBN B-VP
by IN B-PP
all PDT B-NP
the DT I-NP
new JJ I-NP
things NNS I-NP
being VBG B-VP
dreamed VBN I-VP
up IN B-PRT
for IN B-SBAR
them PRP B-NP
to TO B-VP
peddle VB I-VP
, , O
do VB B-VP
n't RB I-VP
feel VB I-VP
. . O

`` `` O
It PRP B-NP
s PRP B-VP
almost JJ B-ADVP
product NN B-NP
de FW I-NP
jour FW I-NP
, , O
'' '' O
grouses VBZ B-VP
one CD B-NP
account NN I-NP
executive NN I-NP
at IN B-PP
Dean NNP B-NP
Witter NNP I-NP
. . O

The DT B-NP
transmogrified VBD I-NP
brokers NNS I-NP
never RB B-ADVP
let VBP B-VP
the DT B-NP
C-word NN I-NP
cross VB B-VP
their PRP$ B-NP
lips NNS I-NP
, , O
instead RB B-ADVP
stressing VBG B-VP
such JJ B-NP
terms NNS I-NP
as IN B-PP
`` `` O
safe JJ B-ADJP
, , O
'' '' O
`` `` O
insured VBN B-ADJP
'' '' O
and CC O
`` `` O
guaranteed VBN B-ADJP
'' '' O
-- : O
even RB B-SBAR
though IN I-SBAR
these DT B-NP
terms NNS I-NP
may MD B-VP
be VB I-VP
severely RB I-VP
limited JJ I-VP
in IN B-PP
their PRP$ B-NP
application NN I-NP
to TO B-PP
a DT B-NP
particular JJ I-NP
new JJ I-NP
financial JJ I-NP
product NN I-NP
. . O

The DT B-NP
names NNS I-NP
of IN B-PP
some DT B-NP
of IN B-PP
these DT B-NP
products NNS I-NP
do VBP B-VP
n't RB I-VP
suggest VB I-VP
the DT B-NP
risk NN I-NP
involved VBN B-VP
in IN B-PP
buying VBG B-VP
them PRP B-NP
, , O
either RB B-ADVP
. . O

A DT B-NP
case NN I-NP
in IN B-PP
point NN B-NP
: : O
`` `` B-NP
government-plus JJ I-NP
'' '' I-NP
bond NN I-NP
funds NNS I-NP
. . O

What WP B-NP
could MD O
imply VB B-VP
more JJR B-NP
safety NN I-NP
than IN B-PP
investing VBG B-VP
in IN B-PP
government NN B-NP
bonds NNS I-NP
? . O

What WP B-NP
could MD O
be VB B-VP
better JJR B-ADJP
than IN B-PP
getting VBG B-VP
a DT B-NP
tad NN I-NP
more JJR B-NP
income NN I-NP
from IN B-PP
them PRP B-NP
-LRB- ( O
the DT B-NP
plus CC I-NP
-RRB- ) O
than IN B-PP
other JJ B-NP
people NNS I-NP
? . O

Indeed RB B-ADVP
, , O
conservative JJ B-NP
investors NNS I-NP
, , O
many NN B-NP
of IN B-PP
them PRP B-NP
elderly JJ B-ADJP
, , O
have VBP B-VP
poured VBN I-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
50 CD I-NP
billion CD I-NP
into IN B-PP
such JJ B-NP
funds NNS I-NP
, , O
which WDT B-NP
promise VBP B-VP
fatter JJR B-NP
yields NNS I-NP
than IN B-PP
ordinary JJ B-NP
Treasury NNP I-NP
bonds NNS I-NP
-- : O
only RB B-ADVP
to TO B-VP
learn VB I-VP
later RB B-ADVP
that IN B-SBAR
these DT B-NP
funds NNS I-NP
use VBP B-VP
part NN B-NP
of IN B-PP
their PRP$ B-NP
money NN I-NP
to TO B-VP
dabble VB I-VP
in IN B-PP
high-risk JJ B-NP
bond NN I-NP
options NNS I-NP
, , O
a DT B-NP
gambler NN I-NP
's POS B-NP
game NN I-NP
. . O

When WRB B-ADVP
a DT B-NP
certain JJ I-NP
class NN I-NP
of IN B-PP
investment NN B-NP
performs VBZ B-VP
so RB B-ADVP
poorly RB I-ADVP
that IN B-SBAR
its PRP$ B-NP
reputation NN I-NP
is VBZ B-VP
tarnished VBN I-VP
, , O
look VB B-VP
for IN B-SBAR
Wall NNP B-NP
Street NNP I-NP
to TO B-VP
give VB I-VP
it PRP B-NP
a DT B-NP
new JJ I-NP
moniker NN I-NP
. . O

This DT B-NP
seems VBZ B-VP
to TO I-VP
be VB I-VP
happening VBG I-VP
now RB B-ADVP
to TO B-PP
limited JJ B-NP
partnerships NNS I-NP
, , O
many NN B-NP
of IN B-PP
which WDT B-NP
either DT O
have NN B-VP
gone VBN I-VP
into IN B-PP
the DT B-NP
tank NN I-NP
in IN B-PP
recent JJ B-NP
years NNS I-NP
or CC O
have VBP B-VP
otherwise RB I-VP
been VBN I-VP
grievous JJ B-NP
disappointments NNS I-NP
. . O

They PRP B-NP
are VBP B-VP
still RB I-VP
being VBG I-VP
sold VBN I-VP
, , O
but CC O
more JJR B-ADVP
and CC I-ADVP
more RBR I-ADVP
often RB I-ADVP
as IN B-PP
`` `` O
direct JJ B-NP
investments NNS I-NP
'' '' O
-- : O
with IN B-PP
all PDT B-NP
the DT I-NP
same JJ I-NP
risks NNS I-NP
they PRP B-NP
had VBD B-VP
under IN B-PP
the DT B-NP
old JJ I-NP
label NN I-NP
. . O

In IN B-PP
such JJ B-NP
cases NNS I-NP
, , O
the DT B-NP
game NN I-NP
has VBZ B-VP
n't RB I-VP
changed VBN I-VP
, , O
only RB B-ADVP
the DT B-NP
name NN I-NP
. . O

In IN B-PP
others NNS B-NP
a DT B-NP
familiar JJ I-NP
old JJ I-NP
name NN I-NP
still RB B-ADVP
prevails VBZ B-VP
, , O
but CC O
the DT B-NP
underlying VBG I-NP
game NN I-NP
has VBZ B-VP
changed VBN I-VP
. . O

For IN B-PP
example NN B-NP
, , O
`` `` B-NP
no DT I-NP
load NN I-NP
'' '' I-NP
mutual JJ I-NP
funds NNS I-NP
remain VBP B-VP
a DT B-NP
favorite NN I-NP
with IN B-PP
investors NNS B-NP
because IN B-SBAR
they PRP B-NP
do VBP B-VP
n't RB I-VP
carry VB I-VP
a DT B-NP
frontend NN I-NP
sales NNS I-NP
commission NN I-NP
. . O

Getting VBG B-VP
out IN B-PP
of IN B-PP
them PRP B-NP
, , O
however RB B-ADVP
, , O
may MD B-VP
be VB I-VP
a DT B-NP
different JJ I-NP
story NN I-NP
now RB B-ADVP
. . O

Traditional JJ B-NP
no-loads NNS I-NP
made VBD B-VP
their PRP$ B-NP
money NN I-NP
by IN B-PP
charging VBG B-VP
an DT B-NP
annual JJ I-NP
management NN I-NP
fee NN I-NP
, , O
usually RB B-ADVP
a DT B-NP
modest JJ I-NP
one CD I-NP
; : O
they PRP B-NP
imposed VBD B-VP
no DT B-NP
other JJ I-NP
fees NNS I-NP
, , O
and CC O
many JJ B-NP
still RB B-ADVP
do VBP B-VP
n't RB O
. . O

In IN B-PP
recent JJ B-NP
years NNS I-NP
, , O
though RB B-ADVP
, , O
a DT B-NP
passel NN I-NP
of IN B-PP
others NNS B-NP
flying VBG B-VP
the DT B-NP
no-load JJ I-NP
flag NN I-NP
have VBP B-VP
been VBN I-VP
imposing VBG I-VP
hefty JJ B-NP
charges NNS I-NP
-- : O
all PDT B-NP
the DT I-NP
way NN I-NP
up IN B-NP
to TO I-NP
6 CD I-NP
% NN I-NP
-- : O
when WRB B-ADVP
an DT B-NP
investor NN I-NP
sells VBZ B-VP
his PRP$ B-NP
shares NNS I-NP
. . O

Should MD O
n't RB O
they PRP B-NP
properly RB B-ADVP
be VBP B-VP
called VBN I-VP
exit-load JJ B-NP
funds NNS I-NP
? . O

The DT B-NP
mutual-fund JJ I-NP
industry NN I-NP
is VBZ B-VP
debating VBG I-VP
the DT B-NP
question NN I-NP
, , O
but CC O
do VBP B-VP
n't RB I-VP
expect VB I-VP
a DT B-NP
new JJ I-NP
name NN I-NP
while IN B-SBAR
the DT B-NP
old JJ I-NP
one CD I-NP
is VBZ B-VP
working VBG I-VP
so RB B-ADVP
well RB I-ADVP
. . O

And CC O
do VBP B-VP
n't RB I-VP
expect VB I-VP
anyone NN B-NP
to TO B-VP
change VB I-VP
the DT B-NP
term NN I-NP
`` `` I-NP
blue JJ I-NP
chip NN I-NP
, , O
'' '' O
either DT B-ADVP
, , O
even RB B-SBAR
though IN I-SBAR
some DT B-NP
of IN B-PP
the DT B-NP
companies NNS I-NP
that WDT B-NP
still RB B-ADVP
enjoy VB B-VP
the DT B-NP
title NN I-NP
may MD B-VP
be VB I-VP
riskier JJR B-NP
investments NNS I-NP
than IN B-SBAR
they PRP B-NP
were VBD B-VP
. . O

American NNP B-NP
Telephone NNP I-NP
& CC I-NP
Telegraph NNP I-NP
Co. NNP I-NP
, , O
for IN B-PP
one CD B-NP
, , O
is VBZ B-VP
still RB B-ADVP
a DT B-NP
favorite NN I-NP
of IN B-PP
widows NNS B-NP
, , O
orphans NNS B-NP
and CC O
trust NN B-NP
departments NNS I-NP
-- : O
but CC O
shorn VB B-VP
of IN B-PP
its PRP$ B-NP
regional JJ I-NP
telephone NN I-NP
units NNS I-NP
and CC O
exposed VBN B-VP
to TO B-PP
competition NN B-NP
on IN B-PP
every DT B-NP
side NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
a DT B-NP
far RB I-NP
different JJ I-NP
investment NN I-NP
prospect NN I-NP
than IN B-SBAR
it PRP B-NP
was VBD B-VP
before IN B-PP
divestiture NN B-NP
. . O

Also RB B-ADVP
, , O
blue JJ B-NP
chips NNS I-NP
in IN B-PP
general JJ B-ADJP
have NN B-VP
suffered VBN I-VP
much RB B-NP
more RBR I-NP
short-term JJ I-NP
price NN I-NP
volatility NN I-NP
in IN B-PP
recent JJ B-NP
years NNS I-NP
. . O

Larry NNP B-NP
Biehl NNP I-NP
, , O
a DT B-NP
money NN I-NP
manager NN I-NP
in IN B-PP
San NNP B-NP
Mateo NNP I-NP
, , O
Calif. NNP B-NP
, , O
blames VBZ B-VP
that IN B-NP
on IN B-PP
the DT B-NP
advent NN I-NP
of IN B-PP
program NN B-NP
trading NN I-NP
, , O
in IN B-PP
which WDT B-NP
computers NNS B-NP
used VBN B-VP
by IN B-PP
big JJ B-NP
institutional JJ I-NP
investors NNS I-NP
are VBP B-VP
programmed VBN I-VP
to TO I-VP
buy VB I-VP
and CC I-VP
sell VB I-VP
big JJ B-NP
blocks NNS I-NP
when WRB B-ADVP
certain JJ B-NP
market NN I-NP
conditions NNS I-NP
prevail VBP B-VP
. . O

Blue JJ B-NP
chips NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
are VBP B-VP
now RB I-VP
being VBG I-VP
referred VBN I-VP
to TO B-PP
as IN B-PP
poker NN B-NP
chips NNS I-NP
. . O
'' '' O

Finally RB B-ADVP
, , O
even RB B-NP
the DT I-NP
time-honored JJ I-NP
strategy NN I-NP
called VBN B-VP
`` `` O
value NN B-NP
investing VBG I-NP
'' '' O
no RB B-ADVP
longer RB I-ADVP
means VBZ B-VP
what WP B-NP
it PRP B-NP
once RB B-ADVP
did VBD B-VP
. . O

Before IN B-PP
the DT B-NP
takeover NN I-NP
mania NN I-NP
of IN B-PP
the DT B-NP
'80s NNS I-NP
, , O
it PRP B-NP
referred VBD B-VP
to TO B-PP
rooting VBG B-VP
out IN B-PRT
through IN B-PP
analysis NN B-NP
undervalued VBD B-NP
stocks NNS I-NP
, , O
especially RB B-ADVP
those DT B-NP
with IN B-PP
shrewd JJ B-NP
management NN I-NP
, , O
sound NN B-NP
fundamentals NNS I-NP
and CC O
decent JJ B-NP
prospects NNS I-NP
. . O

Now RB B-ADVP
, , O
says VBZ B-VP
Mr. NNP B-NP
Biehl NNP I-NP
, , O
value NN B-NP
investing VBG I-NP
often RB B-ADVP
means VBZ B-VP
`` `` O
looking VBG B-VP
for IN B-PP
downtrodden JJ B-NP
companies NNS I-NP
with IN B-PP
terrible JJ B-NP
management NN I-NP
that WDT B-NP
are VBP B-VP
in IN B-PP
real JJ B-NP
trouble NN I-NP
. . O
'' '' O

To TO B-PP
institutional JJ B-NP
investors NNS I-NP
or CC O
brokers NNS B-NP
, , O
he PRP B-NP
adds VBZ B-VP
, , O
a DT B-NP
company NN I-NP
with IN B-PP
value NN B-NP
is VBZ B-VP
a DT B-NP
company NN I-NP
at IN B-PP
risk NN B-NP
of IN B-PP
being VBG B-VP
swallowed VBN I-VP
up RB B-PRT
. . O

Ms. NNP B-NP
Bettner NNP I-NP
covers VBZ B-VP
personal JJ B-NP
finance NN I-NP
from IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
Los NNP I-NP
Angeles NNP I-NP
bureau NN I-NP
. . O

I PRP B-NP
was VBD B-VP
amused VBN B-ADJP
to TO B-VP
read VB I-VP
your PRP$ B-NP
recent JJ I-NP
news NN I-NP
stories NNS I-NP
on IN B-PP
the DT B-NP
banking NN I-NP
industry NN I-NP
's POS B-NP
reserve NN I-NP
additions NNS I-NP
and CC O
concomitant JJ B-NP
threats NNS I-NP
to TO B-VP
cease VB I-VP
making VBG I-VP
new JJ B-NP
loans NNS I-NP
to TO B-PP
less-developed JJ B-NP
countries NNS I-NP
. . O

If IN B-SBAR
the DT B-NP
whole JJ I-NP
story NN I-NP
were VBD B-VP
told VBN I-VP
, , O
it PRP B-NP
would MD B-VP
read VB I-VP
something NN B-NP
like IN B-PP
this DT B-NP
: : O

-- : O
During IN B-PP
the DT B-NP
1970s NNS I-NP
the DT B-NP
commercial JJ I-NP
banks NNS I-NP
lured VBD B-VP
the DT B-NP
country NN I-NP
loan NN I-NP
business NN I-NP
away RB B-ADVP
from IN B-PP
the DT B-NP
bond NN I-NP
markets NNS I-NP
where WRB B-ADVP
the DT B-NP
discipline NN I-NP
of IN B-PP
a DT B-NP
prospectus NN I-NP
and CC O
`` `` O
Use VB O
of IN B-PP
Proceeds NNS B-NP
'' '' B-NP
confirmation NN I-NP
allowed VBD B-VP
lenders NNS B-NP
to TO B-VP
audit VB I-VP
expenditures NNS B-NP
of IN B-PP
old JJ B-NP
loans NNS I-NP
before IN B-SBAR
new JJ B-NP
loans NNS I-NP
were VBD B-VP
made VBN I-VP
. . O

-- : O
The DT B-NP
reward NN I-NP
for IN B-PP
that DT B-NP
reckless JJ I-NP
lending NN I-NP
was VBD B-VP
high NN B-NP
reported VBD I-NP
earnings NNS I-NP
-LRB- ( O
and CC O
management NN O
bonuses NNS O
-RRB- ) O
; : O
the DT B-NP
price NN I-NP
, , O
a DT B-NP
sea NN I-NP
of IN B-PP
bad JJ B-NP
loans NNS I-NP
. . O

-- : O
For IN B-PP
the DT B-NP
past JJ I-NP
several JJ I-NP
years NNS I-NP
, , O
the DT B-NP
banks NNS I-NP
, , O
lacking VBG B-VP
a DT B-NP
private JJ I-NP
navy NN I-NP
to TO B-VP
enforce VB I-VP
their PRP$ B-NP
interests NNS I-NP
, , O
have VBP B-VP
been VBN I-VP
pressuring VBG I-VP
the DT B-NP
U.S. NNP I-NP
Treasury NNP I-NP
to TO B-VP
underwrite VB I-VP
their PRP$ B-NP
bad JJ I-NP
LDC NNP I-NP
credits NNS I-NP
. . O

-- : O
The DT B-NP
Treasury NNP I-NP
wisely RB B-ADVP
has VBZ B-VP
refused VBN I-VP
, , O
but CC O
has VBZ B-VP
concluded VBN I-VP
that IN B-SBAR
indirect JJ B-NP
credit NN I-NP
support NN I-NP
through IN B-PP
various JJ B-NP
multinational JJ I-NP
agencies NNS I-NP
should MD B-VP
be VB I-VP
made VBN I-VP
available JJ B-ADJP
for IN B-PP
a DT B-NP
price NN I-NP
: : O
either DT O
debt NN B-NP
reduction NN I-NP
or CC O
debt-service JJ B-NP
reduction NN I-NP
or CC O
new JJ B-NP
loans NNS I-NP
-LRB- ( O
the DT B-NP
Brady NNP I-NP
Plan NNP I-NP
-RRB- ) O
. . O

-- : O
The DT B-NP
banks NNS I-NP
will MD B-VP
threaten VB I-VP
not RB O
to TO B-VP
make VB I-VP
further JJ B-NP
loans NNS I-NP
, , O
but CC O
in IN B-PP
truth NN B-NP
, , O
lacking VBG B-VP
the DT B-NP
capital NN I-NP
to TO B-VP
write VB I-VP
off IN B-PRT
their PRP$ B-NP
mistakes NNS I-NP
or CC O
to TO B-VP
build VB I-VP
a DT B-NP
navy NN I-NP
, , O
they PRP B-NP
have VBP B-VP
no DT B-NP
alternative NN I-NP
but CC O
to TO B-VP
go VB I-VP
along RB B-PRT
. . O

George NNP B-NP
A. NNP I-NP
Wiegers NNP I-NP

Gillette NNP B-NP
Co. NNP I-NP
elected VBD B-VP
Warren NNP B-NP
E. NNP I-NP
Buffett NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Berkshire NNP B-NP
Hathaway NNP I-NP
Inc. NNP I-NP
, , O
to TO B-PP
its PRP$ B-NP
board NN I-NP
, , O
increasing VBG B-VP
the DT B-NP
number NN I-NP
of IN B-PP
directors NNS B-NP
to TO B-PP
12 CD B-NP
from IN B-PP
11 CD B-NP
. . O

Berkshire NNP B-NP
Hathaway NNP I-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
bought VBD B-VP
$ $ B-NP
600 CD I-NP
million CD I-NP
of IN B-PP
preferred JJ B-NP
stock NN I-NP
in IN B-PP
Gillette NNP B-NP
that WDT B-NP
is VBZ B-VP
convertible JJ B-ADJP
into IN B-PP
an DT B-NP
11 CD I-NP
% NN I-NP
stake NN I-NP
, , O
and CC O
Gillette NNP B-NP
said VBD B-VP
at IN B-PP
the DT B-NP
time NN I-NP
that IN B-SBAR
Mr. NNP B-NP
Buffett NNP I-NP
would MD B-VP
be VB I-VP
added VBN I-VP
to TO B-PP
the DT B-NP
board NN I-NP
. . O

Separately RB B-ADVP
, , O
Gillette NNP B-NP
said VBD B-VP
its PRP$ B-NP
third-quarter JJ I-NP
earnings NNS I-NP
rose VBD B-VP
2 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
65.2 CD I-NP
million CD I-NP
, , O
or CC O
57 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
63.9 CD I-NP
million CD I-NP
, , O
or CC O
57 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
; : O
per-share JJ B-NP
earnings NNS I-NP
remained VBD B-VP
flat JJ B-ADJP
despite IN B-PP
an DT B-NP
increase NN I-NP
in IN B-PP
net JJ B-NP
income NN I-NP
in IN B-PP
part NN B-NP
because IN B-SBAR
the DT B-NP
company NN I-NP
paid VBD B-VP
a DT B-NP
$ $ I-NP
10.4 CD I-NP
million CD I-NP
dividend NN I-NP
on IN B-PP
the DT B-NP
new JJ I-NP
preferred JJ I-NP
stock NN I-NP
in IN B-PP
the DT B-NP
period NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
9 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
921.6 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
845.7 CD I-NP
million CD I-NP
, , O
with IN B-SBAR
sales NNS B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
international\/diversified VBN I-NP
operations NNS I-NP
`` `` B-PP
well RB I-PP
above IN I-PP
'' '' O
the DT B-NP
year NN I-NP
earlier-period NN I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Gillette NNP B-NP
's POS B-NP
net JJ I-NP
income NN I-NP
declined VBD B-VP
1 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
205.3 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.02 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
207 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.82 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
1988 CD I-NP
period NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.77 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.61 CD I-NP
billion CD I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
the DT B-NP
company NN I-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
45.50 CD I-NP
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
25 CD B-NP
cents NNS I-NP
. . O

When WRB B-ADVP
Walter NNP B-NP
Yetnikoff NNP I-NP
, , O
the DT B-NP
president NN I-NP
of IN B-PP
Sony NNP B-NP
Corp. NNP I-NP
's POS B-NP
CBS NNP I-NP
Records NNPS I-NP
, , O
last JJ B-NP
month NN I-NP
told VBD B-VP
producer NN B-NP
Peter NNP I-NP
Guber NNP I-NP
that IN B-SBAR
Sony NNP B-NP
was VBD B-VP
about IN O
to TO B-VP
make VB I-VP
a DT B-NP
$ $ I-NP
3.4 CD I-NP
billion CD I-NP
bid NN I-NP
for IN B-PP
Columbia NNP B-NP
Pictures NNPS I-NP
and CC O
needed VBN B-VP
someone NN B-NP
to TO B-VP
run VB I-VP
the DT B-NP
studio NN I-NP
, , O
Mr. NNP B-NP
Guber NNP I-NP
jumped VBD B-VP
at IN B-PP
the DT B-NP
chance NN I-NP
. . O

Within IN B-PP
two CD B-NP
days NNS I-NP
, , O
he PRP B-NP
was VBD B-VP
on IN B-PP
his PRP$ B-NP
way NN I-NP
to TO B-PP
New NNP B-NP
York NNP I-NP
and CC O
Tokyo NNP B-NP
to TO B-VP
meet VB I-VP
with IN B-PP
top JJ B-NP
brass NN I-NP
at IN B-PP
Sony NNP B-NP
. . O

And CC O
before IN B-SBAR
the DT B-NP
week NN I-NP
was VBD B-VP
out IN B-ADJP
, , O
Sony NNP B-NP
had VBD B-VP
offered VBN I-VP
Mr. NNP B-NP
Guber NNP I-NP
and CC O
his PRP$ B-NP
partner NN I-NP
, , O
Jon NNP B-NP
Peters NNP I-NP
, , O
the DT B-NP
most RBS I-NP
lucrative JJ I-NP
employment NN I-NP
contracts NNS I-NP
in IN B-PP
the DT B-NP
history NN I-NP
of IN B-PP
the DT B-NP
movie NN I-NP
business NN I-NP
. . O

Not RB B-CONJP
only RB I-CONJP
that IN B-NP
, , O
Sony NNP B-NP
also RB B-ADVP
agreed VBD B-VP
to TO I-VP
give VB I-VP
them PRP B-NP
a DT B-NP
stake NN I-NP
in IN B-PP
Columbia NNP B-NP
's POS B-NP
future NN I-NP
profits NNS I-NP
and CC O
buy VB B-VP
their PRP$ B-NP
company NN I-NP
, , O
Guber NNP B-NP
Peters NNP I-NP
Entertainment NNP I-NP
Co. NNP I-NP
, , O
for IN B-PP
$ $ B-NP
200 CD I-NP
million CD I-NP
, , O
almost RB B-NP
40 CD I-NP
% NN I-NP
more JJR B-ADJP
than IN B-PP
the DT B-NP
market NN I-NP
value NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
. . O

There EX B-NP
was VBD B-VP
just RB B-NP
one CD I-NP
sticking VBG I-NP
point NN I-NP
: : O
The DT B-NP
two CD I-NP
had VBD B-VP
a DT B-NP
prior JJ I-NP
commitment NN I-NP
. . O

Just RB B-NP
seven CD I-NP
months NNS I-NP
earlier RBR B-ADVP
, , O
they PRP B-NP
had VBD B-VP
signed VBN I-VP
a DT B-NP
five-year JJ I-NP
exclusive JJ I-NP
contract NN I-NP
to TO B-VP
make VB I-VP
movies NNS B-NP
for IN B-PP
Warner NNP B-NP
Bros. NNP I-NP
for IN B-PP
which WDT B-NP
they PRP B-NP
had VBD B-VP
just RB I-VP
produced VBN I-VP
the DT B-NP
smash NN I-NP
hit VBD I-NP
`` `` I-NP
Batman NNP I-NP
. . O
'' '' O

But CC O
Mr. NNP B-NP
Guber NNP I-NP
figured VBD B-VP
that IN B-SBAR
Warner NNP B-NP
Communications NNP I-NP
Inc. NNP I-NP
chairman NN I-NP
Steven NNP I-NP
Ross NNP I-NP
, , O
would MD B-VP
empathize VB I-VP
and CC O
let VB B-VP
the DT B-NP
producers NNS I-NP
go VBP B-VP
, , O
knowing VBG B-VP
the DT B-NP
Sony NNP I-NP
offer NN I-NP
was VBD B-VP
`` `` O
the DT B-NP
culmination NN I-NP
of IN B-PP
a DT B-NP
life NN I-NP
's POS B-NP
work NN I-NP
. . O
'' '' O

He PRP B-NP
figured VBD B-VP
wrong JJ B-ADVP
. . O

Last JJ B-NP
week NN I-NP
, , O
following VBG B-PP
fruitless JJ B-NP
settlement NN I-NP
talks NNS I-NP
, , O
Warner NNP B-NP
, , O
now RB B-ADVP
merging VBG B-VP
with IN B-PP
Time NNP B-NP
Inc. NNP I-NP
, , O
filed VBD B-VP
a DT O
$ $ O
1 CD O
billion CD O
breach NN O
of IN B-PP
contract NN B-NP
suit NN B-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
Superior NNP I-NP
Court NNP I-NP
against IN B-PP
both DT B-NP
Sony NNP B-NP
and CC O
Guber NNP B-NP
Peters NNP I-NP
. . O

Sony NNP B-NP
promptly RB B-ADVP
countersued VBD B-VP
, , O
charging VBG B-VP
Warner NNP B-NP
with IN B-PP
trying VBG B-VP
to TO I-VP
sabotage VB I-VP
its PRP$ B-NP
acquisitions NNS I-NP
and CC O
hurt VBN B-VP
its PRP$ B-NP
efforts NNS I-NP
to TO B-VP
enter VB I-VP
the DT B-NP
U.S. NNP I-NP
movie NN I-NP
business NN I-NP
. . O

The DT B-NP
accusations NNS I-NP
of IN B-PP
lying VBG B-NP
and CC I-NP
duplicity NN I-NP
are VBP B-VP
flying VBG I-VP
thick JJ B-ADVP
and CC I-ADVP
fast RB I-ADVP
on IN B-PP
both DT B-NP
sides NNS I-NP
: : O
As IN B-SBAR
one CD B-NP
Sony NNP I-NP
executive NN I-NP
puts VBZ B-VP
it PRP B-NP
, , O
`` `` O
It PRP B-NP
's VBZ B-VP
World NNP B-NP
War NNP I-NP
III NNP I-NP
. . O
'' '' O

That DT B-SBAR
two CD B-NP
successful JJ I-NP
producers NNS I-NP
who WP B-NP
are VBP B-VP
n't RB O
all DT B-ADJP
that NN I-ADJP
well RB I-ADJP
known VBN I-ADJP
outside IN B-PP
Hollywood NNP B-NP
could MD B-VP
occasion VB I-VP
such JJ B-NP
a DT I-NP
clash NN I-NP
of IN B-PP
corporate JJ B-NP
titans NNS I-NP
suggests VBZ B-VP
how WRB B-ADJP
desperate JJ I-ADJP
the DT B-NP
quest NN I-NP
for IN B-PP
proven VBN B-NP
talent NN I-NP
is VBZ B-VP
in IN B-PP
the DT B-NP
movie NN I-NP
business NN I-NP
. . O

And CC O
they PRP B-NP
are VBP B-VP
a DT B-NP
very RB I-NP
odd JJ I-NP
team NN I-NP
in IN B-PP
any DT B-NP
case NN I-NP
. . O

Mr. NNP B-NP
Guber NNP I-NP
was VBD B-VP
raised VBN I-VP
in IN B-PP
Boston NNP B-NP
and CC O
educated VBN B-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

He PRP B-NP
is VBZ B-VP
a DT B-NP
lawyer NN I-NP
with IN B-PP
a DT B-NP
string NN I-NP
of IN B-PP
academic JJ B-NP
degrees NNS I-NP
. . O

Mr. NNP B-NP
Peters NNP I-NP
is VBZ B-VP
a DT B-NP
high-school NN I-NP
dropout NN I-NP
who WP B-NP
came VBD B-VP
to TO B-PP
fame VB B-NP
as IN B-PP
Barbra NNP B-NP
Streisand NNP I-NP
's POS B-NP
hairdresser NN I-NP
. . O

Yet RB B-ADVP
, , O
they PRP B-NP
are VBP B-VP
far RB B-ADVP
and CC I-ADVP
away RB I-ADVP
the DT B-NP
most RBS I-NP
prolific JJ I-NP
producers NNS I-NP
in IN B-PP
Hollywood NNP B-NP
. . O

And CC O
despite IN B-PP
their PRP$ B-NP
share NN I-NP
of IN B-PP
duds NNS B-NP
, , O
they PRP B-NP
make VBP B-VP
movies NNS B-NP
that WDT B-NP
make VBP B-VP
money NN B-NP
. . O

That DT B-NP
is VBZ B-VP
a DT B-NP
skill NN I-NP
Sony NNP B-NP
badly RB B-ADVP
needs VBZ B-VP
-- : O
and CC O
Warner NNP B-NP
is VBZ B-VP
loath JJ B-ADJP
to TO B-VP
lose VB I-VP
. . O

Although IN B-SBAR
Columbia NNP B-NP
had VBD B-VP
a DT B-NP
good JJ I-NP
summer NN I-NP
with IN B-PP
`` `` O
Ghostbusters NNP B-NP
II NNP I-NP
'' '' O
and CC O
`` `` O
When WRB B-ADVP
Harry NNP B-NP
Met NNP B-VP
Sally NNP B-NP
, , O
'' '' O
rivals NNS B-NP
such JJ B-PP
as IN I-PP
Warner NNP B-NP
, , O
Paramount NNP B-NP
Pictures NNPS I-NP
, , O
Walt NNP B-NP
Disney NNP I-NP
Co. NNP I-NP
and CC O
Universal NNP B-NP
Studios NNP I-NP
have VBP B-VP
been VBN I-VP
thrashing NN I-VP
Columbia NNP B-NP
at IN B-PP
the DT B-NP
box NN I-NP
office NN I-NP
. . O

After IN B-PP
five CD B-NP
years NNS I-NP
of IN B-PP
management NN B-NP
turmoil NN I-NP
, , O
with IN B-PP
four CD B-NP
different JJ I-NP
studio NN I-NP
heads NNS I-NP
, , O
Columbia NNP B-NP
sorely RB B-ADVP
needs VBZ B-VP
a DT B-NP
stable NN I-NP
, , I-NP
savvy JJ I-NP
team NN I-NP
to TO B-VP
restore VB I-VP
its PRP$ B-NP
credibility NN I-NP
and CC O
get VB B-VP
it PRP B-NP
back RB B-ADVP
in IN B-PP
the DT B-NP
business NN I-NP
of IN B-PP
making VBG B-VP
hits NNS B-NP
. . O

Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
are VBP B-VP
n't RB I-VP
universally RB I-VP
loved VBD I-VP
in IN B-PP
Hollywood NNP B-NP
but CC O
they PRP B-NP
are VBP B-VP
well RB B-ADJP
connected VBN I-ADJP
. . O

Their PRP$ B-NP
stock NN I-NP
in IN B-PP
trade NN B-NP
as IN B-PP
`` `` B-NP
executive NN I-NP
producers NNS I-NP
'' '' O
is VBZ B-VP
sniffing VBG I-VP
out RP B-PRT
hot JJ B-NP
properties NNS I-NP
, , O
locking JJ B-VP
them PRP B-NP
up IN B-PRT
and CC O
then RB B-VP
getting VBG I-VP
big JJ B-NP
studios NNS I-NP
to TO B-VP
bankroll VB I-VP
and CC I-VP
distribute VB I-VP
them PRP B-NP
. . O

Sometimes RB B-ADVP
Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
do VBP B-VP
little RB B-NP
more JJR I-NP
than IN B-PP
grab NN B-VP
the DT B-NP
first JJ I-NP
draft NN I-NP
of IN B-PP
a DT B-NP
screenplay NN I-NP
for IN B-PP
a DT B-NP
`` `` I-NP
Flashdance NNP I-NP
, , O
'' '' O
or CC O
buy VB B-VP
rights NNS B-NP
to TO B-PP
a DT B-NP
best JJS I-NP
seller NN I-NP
such JJ B-PP
as IN I-PP
`` `` O
The DT B-NP
Color NNP I-NP
Purple NNP I-NP
. . O
'' '' O

It PRP B-NP
falls VBZ B-VP
to TO B-PP
others NNS B-NP
to TO B-VP
do VB I-VP
the DT B-NP
writing NN I-NP
, , I-NP
directing VBG I-NP
and CC I-NP
producing VBG I-NP
. . O

With IN B-PP
MGM\/UA NNP B-NP
's POS B-NP
`` `` I-NP
Rainman NNP I-NP
, , O
'' '' O
for IN B-PP
instance NN B-NP
, , O
Messrs. NNP B-NP
Guber NNP I-NP
and CC I-NP
Peters NNP I-NP
had VBD B-VP
virtually JJ B-NP
nothing NN I-NP
to TO B-VP
do VB I-VP
with IN B-PP
day-to-day JJ B-NP
production NN I-NP
, , O
but CC O
their PRP$ B-NP
names NNS I-NP
still RB B-ADVP
appear VBP B-VP
in IN B-PP
big JJ B-NP
letters NNS I-NP
on IN B-PP
the DT B-NP
credits NNS I-NP
, , O
and CC O
they PRP B-NP
are VBP B-VP
inevitably RB I-VP
associated VBN I-VP
with IN B-PP
its PRP$ B-NP
success NN I-NP
. . O

Sometimes RB B-ADVP
, , O
as IN B-PP
with IN B-PP
`` `` O
Batman NNP B-NP
, , O
'' '' O
the DT B-NP
pair NN I-NP
really RB B-ADVP
do VBP B-VP
make VB I-VP
the DT B-NP
film NN I-NP
. . O

In IN B-PP
that DT B-NP
case NN I-NP
, , O
Guber NNP B-NP
Peters NNP I-NP
acquired VBD B-VP
the DT B-NP
rights NNS I-NP
in IN B-PP
1979 CD B-NP
, , O
nursed VBD B-VP
the DT B-NP
movie NN I-NP
through IN B-PP
a DT B-NP
dozen NN I-NP
scripts NNS I-NP
, , O
and CC O
were VBD B-VP
on IN B-PP
the DT B-NP
set NN I-NP
in IN B-PP
London NNP B-NP
for IN B-PP
11 CD B-NP
months NNS I-NP
hovering VBG B-VP
over IN B-PP
the DT B-NP
most RBS I-NP
minute NN I-NP
changes NNS I-NP
in IN B-PP
casting VBG B-NP
and CC I-NP
production NN I-NP
. . O

`` `` O
They PRP B-NP
're VBP B-VP
the DT B-NP
best JJS I-NP
production NN I-NP
talent NN I-NP
around IN B-ADVP
, , O
'' '' O
says VBZ B-VP
Brian NNP B-NP
De NNP I-NP
Palma NNP I-NP
, , O
beholden JJ B-ADJP
to TO B-PP
Guber NNP B-NP
Peters NNP I-NP
for IN B-PP
hiring VBG B-VP
him PRP B-NP
to TO B-VP
direct VB I-VP
the DT B-NP
Warner NNP I-NP
movie NN I-NP
of IN B-PP
Tom NNP B-NP
Wolfe NNP I-NP
's POS B-NP
novel NN I-NP
`` `` I-NP
Bonfire NN I-NP
of IN B-PP
the DT B-NP
Vanities NNS I-NP
. . O
'' '' O

On IN B-PP
that DT B-NP
film NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
to TO I-VP
start VB I-VP
shooting NN B-NP
in IN B-PP
a DT B-NP
few JJ I-NP
months NNS I-NP
, , O
`` `` O
they PRP B-NP
've VBP B-VP
been VBN I-VP
very RB B-ADJP
much RB I-ADJP
involved VBN I-ADJP
, , O
hiring VBG B-VP
talent NN B-NP
and CC O
discussing VBG B-VP
the DT B-NP
development NN I-NP
of IN B-PP
the DT B-NP
script NN I-NP
. . O

And CC O
when WRB B-ADVP
you PRP B-NP
're VBP B-VP
making VBG I-VP
a DT B-NP
movie NN I-NP
this DT B-ADJP
big JJ I-ADJP
, , O
you PRP B-NP
need VBP B-VP
all PDT B-NP
the DT I-NP
help NN I-NP
you PRP B-NP
can MD B-VP
get VB I-VP
, , O
'' '' O
Mr. NNP B-NP
De NNP I-NP
Palma NNP I-NP
adds VBZ B-VP
. . O

`` `` O
I PRP B-NP
wish VBP B-VP
they PRP B-NP
were VBD B-VP
around IN B-ADVP
24 CD B-NP
hours VBZ I-NP
a DT B-NP
day NN I-NP
. . O
'' '' O

And CC O
some DT B-NP
movies NNS I-NP
seem VBP B-VP
to TO I-VP
have VB I-VP
been VBN I-VP
hurt VBN I-VP
by IN B-PP
their PRP$ B-NP
inattention NN I-NP
. . O

Warner NNP B-NP
executives NNS I-NP
blame VBP B-VP
Mr. NNP B-NP
Guber NNP I-NP
's POS B-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
's POS B-NP
lack NN I-NP
of IN B-PP
involvement NN B-NP
in IN B-PP
`` `` O
Caddyshack NNP B-NP
II NNP I-NP
'' '' O
for IN B-PP
casting VBG B-NP
and CC I-NP
production NN I-NP
problems NNS I-NP
and CC O
the DT B-NP
film NN I-NP
's POS B-NP
ultimate JJ I-NP
dismal JJ I-NP
failure NN I-NP
. . O

`` `` O
We PRP B-NP
've VBP B-VP
had VBD I-VP
a DT B-NP
few JJ I-NP
bombs NNS I-NP
, , O
'' '' O
admits VBZ B-VP
Mr. NNP B-NP
Peters NNP I-NP
. . O

`` `` O
But CC O
by IN B-ADVP
and CC I-ADVP
large JJ I-ADVP
this DT B-NP
company NN I-NP
has VBZ B-VP
only RB I-VP
been VBN I-VP
profitable JJ B-ADJP
. . O
'' '' O

He PRP B-NP
says VBZ B-VP
his PRP$ B-NP
company NN I-NP
's POS B-NP
prowess NN I-NP
at IN B-PP
packaging NN B-NP
and CC I-NP
marketing NN I-NP
`` `` O
is VBZ B-VP
why WRB B-ADVP
we PRP B-NP
'll MD B-VP
be VB I-VP
good JJ B-ADJP
at IN B-PP
Columbia NNP B-NP
. . O

We PRP B-NP
practically RB B-ADVP
ran VBD B-VP
our PRP$ B-NP
own JJ I-NP
studio NN I-NP
. . O
'' '' O

Longtime JJ B-NP
Hollywood NNP I-NP
associates NNS I-NP
describe VBP B-VP
Mr. NNP B-NP
Guber NNP I-NP
as IN B-PP
the DT B-NP
intellectual JJ I-NP
powerhouse NN I-NP
of IN B-PP
the DT B-NP
two CD I-NP
, , O
a DT B-NP
man NN I-NP
with IN B-PP
a DT B-NP
flair NN I-NP
for IN B-PP
deal-making NN B-NP
and CC I-NP
marketing NN I-NP
. . O

`` `` O
Peter NNP B-NP
is VBZ B-VP
a DT B-NP
major JJ I-NP
piece NN I-NP
of IN B-PP
Hollywood NNP B-NP
manpower NN I-NP
who WP B-NP
has VBZ B-VP
really RB I-VP
earned VBN I-VP
his PRP$ B-NP
success NN I-NP
, , O
'' '' O
says VBZ B-VP
Robert NNP B-NP
Bookman NNP I-NP
, , O
an DT B-NP
agent NN I-NP
at IN B-PP
Creative NNP B-NP
Artists NNP I-NP
Agency NNP I-NP
. . O

Mark NNP B-NP
Johnson NNP I-NP
, , O
the DT B-NP
producer NN I-NP
of IN B-PP
`` `` O
Rainman NNP B-NP
, , O
'' '' O
chimes VBZ B-VP
in IN B-PRT
: : O
`` `` O
He PRP B-NP
has VBZ B-VP
a DT B-NP
great JJ I-NP
ability NN I-NP
to TO B-VP
hire VB I-VP
terrific JJ B-NP
people NNS I-NP
and CC O
delegate NN B-VP
authority NN B-NP
... : O
. . O

It PRP B-NP
's VBZ B-VP
no DT B-NP
accident NN I-NP
that IN B-SBAR
they PRP B-NP
've VBP B-VP
been VBN I-VP
able JJ B-ADJP
to TO B-VP
develop VB I-VP
such JJ B-NP
successful JJ I-NP
material NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Peters NNP I-NP
, , O
on IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
has VBZ B-VP
fewer JJR B-NP
fans NNS I-NP
in IN B-PP
Hollywood NNP B-NP
, , O
and CC O
his PRP$ B-NP
detractors NNS I-NP
like NN B-VP
to TO I-VP
characterize VB I-VP
him PRP B-NP
as IN B-PP
something NN B-NP
of IN B-PP
a DT B-NP
hot-tempered JJ I-NP
bully NN I-NP
. . O

He PRP B-NP
gets VBZ B-VP
better JJR B-NP
reviews NNS I-NP
as IN B-PP
a DT B-NP
creative JJ I-NP
whiz NN I-NP
, , O
an DT B-NP
enthusiast NN I-NP
, , O
an DT B-NP
idea NN I-NP
man NN I-NP
. . O

He PRP B-NP
also RB B-ADVP
had VBD B-VP
to TO I-VP
fight VB I-VP
harder JJR B-ADVP
for IN B-PP
credibility NN B-NP
than IN B-SBAR
his PRP$ B-NP
partner NN I-NP
did VBD B-VP
. . O

Barbra NNP B-NP
Streisand NNP I-NP
made VBD B-VP
him PRP B-NP
famous JJ B-ADJP
. . O

He PRP B-NP
cut VBP B-VP
her PRP$ B-NP
hair NN I-NP
. . O

He PRP B-NP
lived VBD B-VP
with IN B-PP
her PRP$ B-NP
. . O

He PRP B-NP
came VBD B-VP
to TO B-VP
produce VB I-VP
her PRP$ B-NP
records NNS I-NP
and CC O
her PRP$ B-NP
movies NNS I-NP
-- : O
`` `` O
A DT B-NP
Star NNP I-NP
Is VBZ B-VP
Born VBN I-VP
'' '' O
and CC O
`` `` O
The DT B-NP
Main NNP I-NP
Event NN I-NP
. . O
'' '' O

Thrice RB B-ADVP
married VBN B-VP
but CC O
now RB B-NP
single JJ B-ADJP
, , O
Mr. NNP B-NP
Peters NNP I-NP
got VBD B-VP
plenty NN B-NP
of IN B-PP
ink NN B-NP
last JJ B-NP
summer NN I-NP
for IN B-PP
an DT B-NP
on-set JJ I-NP
romance NN I-NP
with IN B-PP
actress NN B-NP
Kim NNP I-NP
Basinger NNP I-NP
during IN B-PP
the DT B-NP
making NN I-NP
of IN B-PP
`` `` O
Batman NNP B-NP
. . O
'' '' O

Mr. NNP B-NP
Guber NNP I-NP
, , O
by IN B-PP
contrast NN B-NP
, , O
has VBZ B-VP
been VBN I-VP
married VBN B-ADJP
to TO B-PP
one CD B-NP
woman NN I-NP
for IN B-PP
more JJR B-NP
than IN I-NP
20 CD I-NP
years NNS I-NP
. . O

But CC O
for IN B-PP
all DT B-NP
their PRP$ I-NP
intellectual JJ I-NP
and CC I-NP
stylistic JJ I-NP
differences NNS I-NP
, , O
they PRP B-NP
make VBP B-VP
the DT B-NP
perfect JJ I-NP
`` `` I-NP
good JJ I-NP
cop NN I-NP
, , I-NP
bad JJ I-NP
cop NN I-NP
'' '' I-NP
team NN I-NP
, , O
Hollywood NNP B-NP
associates NNS I-NP
say VBP B-VP
. . O

`` `` O
Peter NNP B-NP
is VBZ B-VP
the DT B-NP
bright JJ I-NP
, , I-NP
sympathetic JJ I-NP
guy NN I-NP
when WRB B-ADVP
you PRP B-NP
're VBP B-VP
doing VBG I-VP
a DT B-NP
deal NN I-NP
, , O
'' '' O
says VBZ B-VP
one CD B-NP
agent NN I-NP
. . O

`` `` O
If IN B-SBAR
there EX B-NP
's VBZ B-VP
a DT B-NP
problem NN I-NP
, , O
Peter NNP B-NP
disappears VBZ B-VP
, , O
and CC O
all DT B-NP
of IN B-PP
a DT B-NP
sudden JJ I-NP
Jon NNP B-NP
shows VBZ B-VP
up IN B-PRT
. . O
'' '' O

Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
rub NN B-VP
many JJ B-NP
people NNS I-NP
in IN B-PP
Hollywood NNP B-NP
the DT B-NP
wrong JJ I-NP
way NN I-NP
. . O

Producers NNP B-NP
Don NNP I-NP
Simpson NNP I-NP
and CC I-NP
Jerry NNP I-NP
Bruckheimer NNP I-NP
, , O
who WP B-NP
shepherded VBD B-VP
`` `` O
Flashdance NNP B-NP
'' '' O
through IN B-PP
several JJ B-NP
scripts NNS I-NP
and CC O
ultimately RB B-VP
produced VBN I-VP
the DT B-NP
movie NN I-NP
, , O
bristle VBP B-VP
when WRB B-ADVP
Messrs. NNP B-NP
Guber NNP I-NP
and CC I-NP
Peters NNP I-NP
take VB B-VP
credit NN B-NP
for IN B-PP
the DT B-NP
film NN I-NP
. . O

Says VBZ B-VP
Mr. NNP B-NP
Simpson NNP I-NP
: : O
`` `` O
The DT B-NP
script NN I-NP
was VBD B-VP
unreadable JJ B-ADJP
. . O

We PRP B-NP
reinvented VBD B-VP
it PRP B-NP
. . O

We PRP B-NP
are VBP B-VP
the DT B-NP
producers NNS I-NP
of IN B-PP
that DT B-NP
movie NN I-NP
. . O

They PRP B-NP
got VBD B-VP
a DT B-NP
small JJ I-NP
piece NN I-NP
of IN B-PP
the DT B-NP
net JJ I-NP
profits NNS I-NP
and CC O
a DT B-NP
screen NN I-NP
credit NN I-NP
'' '' O
as IN B-PP
executive NN B-NP
producers NNS I-NP
. . O

When WRB B-ADVP
Roger NNP B-NP
Birnbaum NNP I-NP
, , O
an DT B-NP
executive NN I-NP
who WP B-NP
worked VBD B-VP
for IN B-PP
Guber NNP B-NP
Peters NNP I-NP
in IN B-PP
the DT B-NP
early JJ I-NP
1980s CD I-NP
, , O
left VBN B-VP
to TO B-VP
take VB I-VP
a DT B-NP
job NN I-NP
as IN B-PP
head NN B-NP
of IN B-PP
production NN B-NP
at IN B-PP
the DT B-NP
United NNP I-NP
Artists NNPS I-NP
studio NN I-NP
, , O
they PRP B-NP
made VBD B-VP
him PRP B-NP
forfeit VB B-VP
all DT B-NP
credits NNS I-NP
and CC I-NP
financial JJ I-NP
interest NN I-NP
in IN B-PP
the DT B-NP
films NNS I-NP
he PRP B-NP
had VBD B-VP
helped VBN I-VP
develop VB I-VP
, , O
including VBG B-PP
`` `` O
Rainman NNP B-NP
'' '' O
and CC O
`` `` O
Batman NNP B-NP
. . O
'' '' O

Mr. NNP B-NP
Peters NNP I-NP
acknowledges VBZ B-VP
that IN B-NP
and CC O
says VBZ B-VP
it PRP B-NP
's VBZ B-VP
not RB O
unlike IN B-PP
the DT B-NP
situation NN I-NP
he PRP B-NP
and CC O
Mr. NNP B-NP
Guber NNP I-NP
are VBP B-VP
in IN B-PP
with IN B-PP
Warner NNP B-NP
. . O

`` `` O
I PRP B-NP
was VBD B-VP
upset VBN B-ADJP
with IN B-PP
Roger NNP B-NP
, , O
I PRP B-NP
fumpered VBD B-VP
and CC I-VP
schmumpered VBD I-VP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Peters NNP I-NP
. . O

`` `` O
But CC O
he PRP B-NP
wanted VBD B-VP
to TO I-VP
pursue VB I-VP
his PRP$ B-NP
own JJ I-NP
dream NN I-NP
, , O
and CC O
he PRP B-NP
went VBD B-VP
. . O
'' '' O

Still RB B-ADVP
, , O
Mr. NNP B-NP
Birnbaum NNP I-NP
says VBZ B-VP
his PRP$ B-NP
relationship NN I-NP
with IN B-PP
Guber NNP B-NP
Peters NNP I-NP
was VBD B-VP
`` `` O
one CD B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
successful JJ I-NP
I PRP B-NP
've VBP B-VP
had VBD I-VP
in IN B-PP
Hollywood NNP B-NP
. . O
'' '' O

The DT B-NP
two CD I-NP
`` `` O
have VBP B-VP
a DT B-NP
wonderful JJ I-NP
chemistry NN I-NP
-- : O
Jon NNP B-NP
is VBZ B-VP
very RB B-ADJP
impulsive JJ I-ADJP
, , O
and CC O
Peter NNP B-NP
is VBZ B-VP
very RB B-ADJP
compulsive JJ I-ADJP
, , O
'' '' O
adds VBZ B-VP
Mr. NNP B-NP
Birnbaum NNP I-NP
, , O
who WP B-NP
is VBZ B-VP
now JJ B-ADVP
head NN B-NP
of IN B-PP
production NN B-NP
at IN B-PP
News NNP B-NP
Corp. NNP I-NP
's POS B-NP
20th NNP I-NP
Century NNP I-NP
Fox NNP I-NP
Film NNP I-NP
Co NNP I-NP
. . O

`` `` O
Jon NNP B-NP
Peters NNP I-NP
will MD B-VP
come VB I-VP
barreling VBG I-VP
into IN B-PP
a DT B-NP
room NN I-NP
, , O
say VBP B-VP
he PRP B-NP
's VBZ B-VP
got VBD I-VP
a DT B-NP
great JJ I-NP
idea NN I-NP
, , O
and CC O
be VB B-VP
gone VBN I-VP
. . O

Peter NNP B-NP
will MD B-VP
take VB I-VP
the DT B-NP
kernel NN I-NP
of IN B-PP
that DT B-NP
idea NN I-NP
and CC O
make VB B-VP
it PRP B-NP
grow VB B-VP
into IN B-PP
something NN B-NP
specific JJ I-NP
... : O
. . O
'' '' O

Mr. NNP B-NP
Birnbaum NNP I-NP
recalls VBZ B-VP
that IN B-SBAR
Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
shifted VBD B-VP
into IN B-PP
high JJ B-NP
gear NN I-NP
a DT B-NP
few JJ I-NP
years NNS I-NP
back RB B-ADVP
upon IN B-PP
learning VBG B-VP
that IN B-SBAR
they PRP B-NP
had VBD B-VP
competition NN B-NP
for IN B-PP
the DT B-NP
story NN I-NP
of IN B-PP
the DT B-NP
murdered VBN I-NP
naturalist NN I-NP
Dian NNP I-NP
Fossey NNP I-NP
, , O
which WDT B-NP
became VBD B-VP
`` `` O
Gorillas NNP B-NP
in IN B-PP
the DT B-NP
Mist NNP I-NP
. . O
'' '' O

He PRP B-NP
says VBZ B-VP
, , O
`` `` O
Within IN B-PP
a DT B-NP
few JJ I-NP
weeks NNS I-NP
, , O
we PRP B-NP
made VBD B-VP
deals NNS B-NP
with IN B-PP
the DT B-NP
government NN I-NP
of IN B-PP
Rwanda NNP B-NP
and CC O
everyone NN B-NP
who WP B-NP
had VBD B-VP
ever RB I-VP
met VBN I-VP
or CC O
talked VBD B-VP
to TO B-PP
Dian NNP B-NP
Fossey NNP I-NP
. . O

I PRP B-NP
think VBP B-VP
Peter NNP B-NP
even RB B-ADVP
made VBD B-VP
some DT B-NP
deals NNS I-NP
with IN B-PP
the DT B-NP
gorillas NNS I-NP
. . O
'' '' O

Universal NNP B-NP
Studios NNP I-NP
was VBD B-VP
working VBG I-VP
on IN B-PP
a DT B-NP
competing VBG I-NP
film NN I-NP
, , O
but CC O
the DT B-NP
studio NN I-NP
and CC O
its PRP$ B-NP
producers NNS I-NP
ultimately RB B-ADVP
agreed VBD B-VP
to TO I-VP
co-produce VB I-VP
the DT B-NP
film NN I-NP
with IN B-PP
Guber NNP B-NP
Peters NNP I-NP
and CC O
Warner NNP B-NP
. . O

More RBR B-ADVP
recently RB I-ADVP
, , O
Guber NNP B-NP
Peters NNP I-NP
beat VB B-VP
out RP B-PRT
a DT B-NP
dozen NN I-NP
other JJ I-NP
producers NNS I-NP
, , O
reportedly RB B-ADVP
including VBG B-PP
Robert NNP B-NP
Redford NNP I-NP
and CC O
Ted NNP B-NP
Turner NNP I-NP
, , O
for IN B-PP
rights NNS B-NP
to TO B-PP
the DT B-NP
life NN I-NP
story NN I-NP
of IN B-PP
Chico NNP B-NP
Mendes NNP I-NP
, , O
the DT B-NP
murdered VBN I-NP
Brazilian JJ I-NP
union NN I-NP
leader NN I-NP
who WP B-NP
fought VBD B-VP
developers NNS B-NP
in IN B-PP
the DT B-NP
Amazon NNP I-NP
rain NN I-NP
forest NN I-NP
. . O

Messrs. NNP B-NP
Guber NNP I-NP
and CC I-NP
Peters NNP I-NP
assiduously RB B-ADVP
courted VBD B-VP
the DT B-NP
man NN I-NP
's POS B-NP
widow NN I-NP
for IN B-PP
months NNS B-NP
, , O
showing VBG B-VP
her PRP$ B-NP
a DT B-NP
tape NN I-NP
of IN B-PP
`` `` O
Gorillas NNP B-NP
in IN B-PP
the DT B-NP
Mist NNP I-NP
'' '' O
to TO B-VP
impress VB I-VP
her PRP B-NP
with IN B-PP
the DT B-NP
quality NN I-NP
of IN B-PP
their PRP$ B-NP
work NN I-NP
. . O

Money NNP B-NP
helped VBD B-VP
, , O
too RB B-ADVP
. . O

Ultimately RB B-ADVP
, , O
they PRP B-NP
paid VBD B-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
1 CD I-NP
million CD I-NP
for IN B-PP
the DT B-NP
rights NNS I-NP
. . O

-LRB- ( O
The DT B-NP
sale NN I-NP
caused VBD B-VP
a DT B-NP
rift NN I-NP
between IN B-PP
the DT B-NP
widow NN I-NP
and CC O
some DT B-NP
of IN B-PP
her PRP$ B-NP
husband NN I-NP
's POS B-NP
followers NNS I-NP
. . O

Some DT B-NP
of IN B-PP
the DT B-NP
money NN I-NP
will MD B-VP
go VB I-VP
to TO B-PP
the DT B-NP
Chico NNP I-NP
Mendes NNP I-NP
Foundation NNP I-NP
, , O
but CC O
it PRP B-NP
is VBZ B-VP
n't RB I-VP
earmarked VBN I-VP
for IN B-PP
groups NNS B-NP
trying VBG B-VP
to TO I-VP
save VB I-VP
the DT B-NP
rain NN I-NP
forest NN I-NP
. . O
-RRB- ) O

It PRP B-NP
's VBZ B-VP
hardly RB B-ADJP
astonishing JJ I-ADJP
-LRB- ( O
given VBN B-PP
the DT B-NP
men NNS I-NP
's POS B-NP
track NN I-NP
record NN I-NP
-RRB- ) O
that IN B-SBAR
Sony NNP B-NP
wants VBZ B-VP
Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
. . O

But CC O
it PRP B-NP
is VBZ B-VP
puzzling JJ B-ADJP
to TO B-PP
some DT B-NP
Hollywood NNP I-NP
executives NNS I-NP
that IN B-SBAR
Sony NNP B-NP
rushed VBD B-VP
to TO I-VP
hire VB I-VP
them PRP B-NP
without IN B-PP
clearing VBG B-VP
up IN B-PRT
the DT B-NP
Warner NNP I-NP
situation NN I-NP
first JJ B-ADVP
. . O

Some DT B-NP
note NN B-VP
that IN B-SBAR
Sony NNP B-NP
might MD B-VP
have VB I-VP
saved VBN I-VP
itself PRP B-NP
some DT B-NP
trouble NN I-NP
by IN B-PP
just RB B-VP
hiring VBG I-VP
Mr. NNP B-NP
Guber NNP I-NP
and CC O
letting VBG B-VP
Mr. NNP B-NP
Peters NNP I-NP
stay VB B-VP
on IN B-PRT
to TO B-VP
fulfill VB I-VP
the DT B-NP
Warner NNP I-NP
contract NN I-NP
. . O

But CC O
though IN B-SBAR
`` `` O
people NNS B-NP
in IN B-PP
town NN B-NP
may MD B-VP
ask VB I-VP
why WRB B-ADVP
Guber NNP B-NP
needs VBZ B-VP
Peters NNP B-NP
, , O
it PRP B-NP
's VBZ B-VP
good JJ B-ADJP
to TO B-VP
have VB I-VP
a DT B-NP
partner NN I-NP
, , O
and CC O
obviously RB B-ADVP
the DT B-NP
chemistry NN I-NP
works NNS B-VP
, , O
'' '' O
says VBZ B-VP
Steven NNP B-NP
Tisch NNP I-NP
, , O
a DT B-NP
producer NN I-NP
who WP B-NP
once RB B-ADVP
worked VBD B-VP
for IN B-PP
Mr. NNP B-NP
Guber NNP I-NP
. . O

`` `` O
This DT B-NP
business NN I-NP
is VBZ B-VP
n't RB O
about IN B-PP
personalities NNS B-NP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
day NN I-NP
-- : O
it PRP B-NP
s PRP B-VP
about IN B-PP
whether IN O
the DT B-NP
ink NN I-NP
is VBZ B-VP
red JJ B-ADJP
or CC I-ADJP
black JJ I-ADJP
. . O

In IN B-PP
the DT B-NP
case NN I-NP
of IN B-PP
Peter NNP B-NP
and CC I-NP
Jon NNP I-NP
, , O
the DT B-NP
ink NN I-NP
has VBZ B-VP
been VBN I-VP
very RB B-ADJP
, , I-ADJP
very RB I-ADJP
black JJ I-ADJP
. . O
'' '' O

Mr. NNP B-NP
Guber NNP I-NP
got VBD B-VP
his PRP$ B-NP
start NN I-NP
in IN B-PP
the DT B-NP
movie NN I-NP
business NN I-NP
at IN B-PP
Columbia NNP B-NP
two CD B-NP
decades NNS I-NP
ago RB B-ADVP
. . O

Recruited VBN B-VP
from IN B-PP
New NNP B-NP
York NNP I-NP
University NNP I-NP
's POS B-NP
MBA NN I-NP
program NN I-NP
, , O
he PRP B-NP
rose VBD B-VP
within IN B-PP
two CD B-NP
years NNS I-NP
to TO B-PP
head VB B-NP
of IN B-PP
production NN B-NP
, , O
overseeing VBG B-VP
such JJ B-NP
films NNS I-NP
as IN B-PP
`` `` O
The DT B-NP
Way NN I-NP
We PRP B-NP
Were VBD B-VP
, , O
'' '' O
`` `` O
Taxi NN B-NP
Driver NNP I-NP
, , O
'' '' O
`` `` O
Tommy NNP B-NP
'' '' O
and CC O
`` `` O
Shampoo NNP B-NP
. . O
'' '' O

In IN B-PP
1976 CD B-NP
, , O
he PRP B-NP
teamed VBD B-VP
up IN B-PRT
with IN B-PP
record NN B-NP
producer NN I-NP
Neil NNP I-NP
Bogart NNP I-NP
in IN B-PP
Casablanca NNP B-NP
Records NNPS I-NP
and CC I-NP
Filmworks NNP I-NP
-- : O
later RB B-VP
called VBN I-VP
Polygram NNP B-NP
Pictures NNPS I-NP
-- : O
where WRB B-ADVP
they PRP B-NP
produced VBD B-VP
such JJ B-NP
hits NNS I-NP
as IN B-PP
as IN B-PP
`` `` O
The DT B-NP
Deep NNP I-NP
, , O
'' '' O
and CC O
`` `` O
Midnight NNP B-NP
Express NNP I-NP
. . O
'' '' O

In IN B-PP
1980 CD B-NP
, , O
Mr. NNP B-NP
Guber NNP I-NP
got VBD B-VP
together RB B-PRT
with IN B-PP
Mr. NNP B-NP
Peters NNP I-NP
, , O
by IN B-PP
then RB B-ADVP
a DT B-NP
successful JJ I-NP
producer NN I-NP
in IN B-PP
his PRP$ B-NP
own JJ I-NP
right NN I-NP
, , O
after IN B-PP
the DT B-NP
death NN I-NP
of IN B-PP
Mr. NNP B-NP
Bogart NNP I-NP
. . O

While IN B-SBAR
Guber NNP B-NP
Peters NNP I-NP
produced VBD B-VP
a DT B-NP
number NN I-NP
of IN B-PP
hits NNS B-NP
for IN B-PP
Warner NNP B-NP
and CC I-NP
others NNS I-NP
, , O
their PRP$ B-NP
record NN I-NP
was VBD B-VP
n't RB O
always RB B-ADVP
so RB B-ADJP
impressive JJ I-ADJP
. . O

Among IN B-PP
their PRP$ B-NP
clinkers NNS I-NP
were VBD B-VP
`` `` O
The DT B-NP
Legend NNP I-NP
of IN B-PP
Billie NNP B-NP
Jean NNP I-NP
, , O
'' '' O
`` `` O
VisionQuest NNP B-NP
, , O
'' '' O
`` `` O
Clue NNP B-NP
'' '' O
and CC O
`` `` O
Clan NNP B-NP
of IN B-PP
the DT B-NP
Cave NNP I-NP
Bear NNP I-NP
. . O
'' '' O

And CC O
the DT B-NP
failures NNS I-NP
make VBP B-VP
it PRP B-NP
possible JJ B-ADJP
for IN B-SBAR
Warner NNP B-NP
in IN B-PP
its PRP$ B-NP
current JJ I-NP
lawsuit NN I-NP
to TO B-VP
paint VB I-VP
the DT B-NP
producers NNS I-NP
as IN B-PP
ingrates NNS B-NP
. . O

The DT B-NP
studio NN I-NP
says VBZ B-VP
it PRP B-NP
stuck VBD B-VP
with IN B-PP
them PRP B-NP
`` `` O
even RB B-ADVP
in IN B-PP
the DT B-NP
early JJ I-NP
years NNS I-NP
when WRB B-ADVP
the DT B-NP
creative JJ I-NP
partnership NN I-NP
was VBD B-VP
not RB O
particularly RB B-ADJP
profitable JJ I-ADJP
for IN B-PP
Warner NNP B-NP
. . O
'' '' O

Mr. NNP B-NP
Guber NNP I-NP
replies VBZ B-VP
that IN B-SBAR
`` `` O
this DT B-NP
is VBZ B-VP
a DT B-NP
Goliath NNP I-NP
, , O
this DT B-NP
Time NNP I-NP
Warner NNP I-NP
, , O
trying VBG B-VP
to TO I-VP
chew VB I-VP
up IN B-PRT
two CD B-NP
fellows NNS I-NP
who WP B-NP
have VBP B-VP
done VBN I-VP
only RB B-ADVP
well RB I-ADVP
for IN B-PP
them PRP B-NP
for IN B-PP
a DT B-NP
long JJ I-NP
period NN I-NP
of IN B-PP
time NN B-NP
. . O
'' '' O

Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
maintain VB B-VP
that IN B-SBAR
executives NNS B-NP
at IN B-PP
Warner NNP B-NP
have VBP B-VP
always RB I-VP
known VBN I-VP
of IN B-PP
their PRP$ B-NP
ambitions NNS I-NP
to TO B-VP
run VB I-VP
a DT B-NP
major JJ I-NP
entertainment NN I-NP
powerhouse NN I-NP
, , O
but CC O
that IN B-SBAR
Warner NNP B-NP
never RB B-ADVP
felt VBD B-VP
threatened VBN I-VP
until IN B-SBAR
they PRP B-NP
linked VBD B-VP
up IN B-PRT
with IN B-PP
Sony NNP B-NP
. . O

`` `` O
From IN B-PP
the DT B-NP
beginning NN I-NP
, , O
-LCB- ( O
they PRP B-NP
-RCB- ) O
knew VBD B-VP
we PRP B-NP
had VBD B-VP
a DT B-NP
goal NN I-NP
and CC O
a DT B-NP
dream NN I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Guber NNP I-NP
. . O

On IN B-PP
a DT B-NP
number NN I-NP
of IN B-PP
occasions NNS B-NP
, , O
he PRP B-NP
adds VBZ B-VP
, , O
he PRP B-NP
tried VBD B-VP
to TO I-VP
get VB I-VP
Warner NNP B-NP
to TO B-VP
buy VB I-VP
Guber NNP B-NP
Peters NNP I-NP
outright JJ B-ADVP
. . O

`` `` O
They PRP B-NP
always RB B-ADVP
listened VBD B-VP
, , O
but CC O
they PRP B-NP
never RB B-ADVP
acted VBD B-VP
, , O
'' '' O
Mr. NNP B-NP
Guber NNP I-NP
says VBZ B-VP
. . O

In IN B-PP
1987 CD B-NP
, , O
Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
contributed VBD B-VP
their PRP$ B-NP
company NN I-NP
's POS B-NP
assets NNS I-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
a DT B-NP
28 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
Barris NNP B-NP
Entertainment NNP I-NP
, , O
a DT B-NP
small-fry JJ I-NP
TV NN I-NP
production NN I-NP
company NN I-NP
controlled VBN B-VP
by IN B-PP
Giant NNP B-NP
Industries NNP I-NP
Inc. NNP I-NP
Chairman NNP I-NP
Burt NNP I-NP
Sugarman NNP I-NP
. . O

In IN B-PP
July NNP B-NP
a DT B-NP
year NN I-NP
later RB B-ADVP
, , O
Warner NNP B-NP
agreed VBD B-VP
to TO I-VP
release VB I-VP
the DT B-NP
producers NNS I-NP
from IN B-PP
their PRP$ B-NP
old JJ I-NP
contract NN I-NP
when WRB B-ADVP
Messrs. NNP B-NP
Guber NNP I-NP
, , I-NP
Peters NNP I-NP
and CC I-NP
Sugarman NNP I-NP
made VBD B-VP
a DT B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
offer NN I-NP
to TO B-VP
buy VB I-VP
25 CD B-NP
% NN I-NP
of IN B-PP
MGM\/UA NNP B-NP
. . O

Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
planned VBD B-VP
to TO I-VP
run VB I-VP
the DT B-NP
nearly RB I-NP
dormant JJ I-NP
MGM NNP I-NP
studio NN I-NP
, , O
and CC O
the DT B-NP
two CD I-NP
even RB B-ADVP
tried VBD B-VP
to TO I-VP
interest VB I-VP
Warner NNP B-NP
Bros NNP I-NP
. . O
' '' O
President NNP B-NP
Terry NNP I-NP
Semel NNP I-NP
in IN B-PP
becoming VBG B-VP
a DT B-NP
partner NN I-NP
after IN B-SBAR
he PRP B-NP
advised VBD B-VP
them PRP B-NP
on IN B-PP
the DT B-NP
deal NN I-NP
. . O

But CC O
the DT B-NP
MGM NNP I-NP
plan NN I-NP
collapsed VBD B-VP
just RB B-NP
two CD I-NP
weeks NNS I-NP
later RB B-ADVP
. . O

Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
say VBP B-VP
they PRP B-NP
got VBD B-VP
a DT B-NP
look NN I-NP
at IN B-PP
the DT B-NP
books NNS I-NP
and CC O
balked VBD B-VP
at IN B-PP
the DT B-NP
price NN I-NP
. . O

Their PRP$ B-NP
relationship NN I-NP
with IN B-PP
Mr. NNP B-NP
Sugarman NNP I-NP
soured VBD B-VP
shortly RB B-ADVP
thereafter RB I-ADVP
. . O

Last NNP B-NP
May NNP I-NP
, , O
he PRP B-NP
sold VBD B-VP
his PRP$ B-NP
24 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
Barris NNP B-NP
to TO B-PP
a DT B-NP
passive JJ I-NP
Australian JJ I-NP
investor NN I-NP
and CC O
Barris NNP B-NP
was VBD B-VP
renamed VBN I-VP
Guber NNP B-NP
Peters NNP I-NP
Entertainment NNP I-NP
Co NNP I-NP
. . O

Meanwhile RB B-ADVP
, , O
Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
had VBD B-VP
agreed VBN I-VP
to TO I-VP
extend VB I-VP
their PRP$ B-NP
Warner NNP I-NP
agreement NN I-NP
with IN B-PP
the DT B-NP
new JJ I-NP
five-year JJ I-NP
exclusive JJ I-NP
contract NN I-NP
. . O

The DT B-NP
new JJ I-NP
deal NN I-NP
was VBD B-VP
considered VBN I-VP
the DT B-NP
most RBS I-NP
generous JJ I-NP
of IN B-PP
its PRP$ B-NP
kind NN I-NP
, , O
both DT O
financially RB B-ADVP
and CC O
in IN B-PP
terms NNS B-NP
of IN B-PP
creative JJ B-NP
freedom NN I-NP
. . O

But CC O
it PRP B-NP
paled VBN B-VP
by IN B-PP
comparison NN B-NP
to TO B-PP
what WP B-NP
Sony NNP B-NP
was VBD B-VP
to TO I-VP
offer VB I-VP
last JJ B-NP
month NN I-NP
: : O
the DT B-NP
chance NN I-NP
, , O
at IN B-PP
last JJ B-ADJP
, , O
to TO B-VP
run VB I-VP
a DT B-NP
major JJ I-NP
studio NN I-NP
, , O
about RB B-NP
$ $ I-NP
50 CD I-NP
million CD I-NP
in IN B-PP
deferred VBN B-NP
compensation NN I-NP
, , O
up IN B-NP
to TO I-NP
10 CD I-NP
% NN I-NP
of IN B-PP
Columbia NNP B-NP
's POS B-NP
future NN I-NP
cash NN I-NP
flow NN I-NP
, , O
8 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
future NN I-NP
appreciation NN I-NP
of IN B-PP
Columbia NNP B-NP
's POS B-NP
market NN I-NP
value NN I-NP
, , O
and CC O
annual JJ B-NP
salaries NNS I-NP
of IN B-PP
$ $ B-NP
2.7 CD I-NP
million CD I-NP
for IN B-PP
each DT B-NP
. . O

The DT B-NP
producers NNS I-NP
' POS B-NP
28 CD B-ADJP
% NN I-ADJP
share NN B-NP
of IN B-PP
publicly RB B-NP
held VBN I-NP
Guber NNP I-NP
Peters NNP I-NP
would MD B-VP
net VB I-VP
them PRP B-NP
an DT B-NP
additional JJ I-NP
$ $ I-NP
50 CD I-NP
million CD I-NP
. . O

Sony NNP B-NP
also RB B-ADVP
agreed VBD B-VP
to TO I-VP
indemnify VB I-VP
the DT B-NP
producers NNS I-NP
against IN B-PP
any DT B-NP
liability NN I-NP
to TO B-PP
Warner NNP B-NP
. . O

Sony NNP B-NP
is VBZ B-VP
paying VBG I-VP
a DT B-NP
hefty JJ I-NP
price NN I-NP
for IN B-PP
a DT B-NP
company NN I-NP
that WDT B-NP
had VBD B-VP
revenue NN B-NP
of IN B-PP
only RB B-NP
$ $ I-NP
42 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
. . O

And CC O
earnings NNS B-NP
have NN B-VP
been VBN I-VP
erratic JJ B-ADJP
. . O

In IN B-PP
the DT B-NP
the DT I-NP
latest JJS I-NP
quarter NN I-NP
, , O
thanks VBZ B-ADVP
in IN B-PP
part NN B-NP
to TO B-PP
`` `` O
Batman NNP B-NP
, , O
'' '' O
Guber NNP B-NP
Peters NNP I-NP
earned VBD B-VP
$ $ B-NP
5.8 CD I-NP
million CD I-NP
, , O
or CC O
50 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
to TO B-PP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
6.8 CD I-NP
million CD I-NP
, , O
or CC O
62 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
quarter NN I-NP
. . O

Guber NNP B-NP
Peters NNP I-NP
stock NN I-NP
, , O
which WDT B-NP
traded VBD B-VP
as RB B-ADVP
low JJ I-ADVP
as IN B-PP
$ $ B-NP
6 CD I-NP
a DT B-NP
share NN I-NP
last JJ B-NP
year NN I-NP
, , O
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
16.625 CD I-NP
. . O

The DT B-NP
two CD I-NP
sides NNS I-NP
now RB B-ADVP
are VBP B-VP
accusing VBG I-VP
each DT B-NP
other NN I-NP
of IN B-PP
lying VBG B-NP
. . O

Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
claim NN B-VP
they PRP B-NP
have VBP B-VP
an DT B-NP
oral JJ I-NP
agreement NN I-NP
with IN B-PP
Warner NNP B-NP
executives NNS I-NP
that WDT B-NP
allows VBZ B-VP
them PRP B-NP
to TO B-VP
terminate VB I-VP
their PRP$ B-NP
contract NN I-NP
should MD O
the DT B-NP
opportunity NN I-NP
to TO B-VP
run VB I-VP
a DT B-NP
major JJ I-NP
studio NN I-NP
arise VB B-VP
. . O

But CC O
in IN B-PP
affidavits NNS B-NP
filed VBD B-VP
yesterday NN B-NP
in IN B-PP
the DT B-NP
Los NNP I-NP
Angeles NNP I-NP
court NN I-NP
, , O
Mr. NNP B-NP
Ross NNP I-NP
, , O
Warner NNP B-NP
Bros. NNP I-NP
Chairman NNP I-NP
Robert NNP I-NP
Daly NNP I-NP
and CC O
President NNP B-NP
Semel NNP I-NP
deny VB B-VP
that IN B-SBAR
such JJ B-NP
an DT I-NP
oral JJ I-NP
agreement NN I-NP
was VBD B-VP
ever RB I-VP
made VBN I-VP
. . O

Warner NNP B-NP
, , O
in IN B-PP
its PRP$ B-NP
court NN I-NP
filings NNS I-NP
, , O
calls VBZ B-VP
it PRP B-NP
`` `` O
a DT B-NP
piece NN I-NP
of IN B-PP
fiction NN B-NP
created VBN B-VP
for IN B-PP
this DT B-NP
litigation NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Daly NNP I-NP
in IN B-PP
his PRP$ B-NP
affidavit NN I-NP
acknowledges VBZ B-VP
that IN B-SBAR
Warner NNP B-NP
agreed VBD B-VP
to TO I-VP
release VB I-VP
the DT B-NP
producers NNS I-NP
last JJ B-NP
year NN I-NP
to TO B-VP
take VB I-VP
over IN B-PRT
MGM NNP B-NP
but CC O
says VBZ B-VP
that DT B-NP
situation NN I-NP
was VBD B-VP
altogether RB B-ADJP
different JJ I-ADJP
. . O

For IN B-PP
one CD B-NP
thing NN I-NP
, , O
according VBG B-PP
to TO B-PP
Mr. NNP B-NP
Daly NNP I-NP
, , O
the DT B-NP
producers NNS I-NP
requested VBD B-VP
a DT B-NP
release NN I-NP
in IN B-PP
advance NN B-NP
. . O

Moreover RB B-ADVP
, , O
the DT B-NP
old JJ I-NP
contract NN I-NP
was VBD B-VP
about IN O
to TO B-VP
expire VB I-VP
, , O
and CC O
the DT B-NP
lineup NN I-NP
of IN B-PP
Guber NNP B-NP
Peters NNP I-NP
pictures NNS I-NP
for IN B-PP
Warner NNP B-NP
was VBD B-VP
n't RB O
as RB B-ADJP
strong JJ I-ADJP
as IN B-SBAR
it PRP B-NP
is VBZ B-VP
now RB B-ADVP
. . O

Warner NNP B-NP
itself PRP B-NP
was VBD B-VP
in IN B-PP
negotiations NNS B-NP
with IN B-PP
MGM NNP B-NP
over IN B-PP
certain JJ B-NP
movie NN I-NP
and CC I-NP
other JJ I-NP
rights NNS I-NP
, , O
and CC O
it PRP B-NP
was VBD B-VP
`` `` O
in IN B-PP
Warner NNP B-NP
's POS B-NP
interest NN I-NP
to TO B-VP
accommodate VB I-VP
MGM\/UA NNP B-NP
, , I-NP
Guber NNP I-NP
and CC I-NP
Peters NNP I-NP
by IN B-PP
permitting VBG B-VP
them PRP B-NP
to TO B-VP
become VB I-VP
MGM NNP B-NP
executives NNS I-NP
, , O
'' '' O
Mr. NNP B-NP
Daly NNP I-NP
said VBD B-VP
in IN B-PP
his PRP$ B-NP
affidavit NN I-NP
. . O

Warner NNP B-NP
obviously RB B-ADVP
does VBZ B-VP
n't RB I-VP
think VB I-VP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
in IN B-PP
its PRP$ B-NP
own JJ I-NP
interests NNS I-NP
to TO B-VP
let VB I-VP
Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
go VB B-VP
off IN B-PP
to TO B-PP
Columbia NNP B-NP
. . O

At IN B-PP
the DT B-NP
very RB I-NP
least JJS I-NP
, , O
Mr. NNP B-NP
Ross NNP I-NP
clearly RB B-ADVP
sees VBZ B-VP
an DT B-NP
opportunity NN I-NP
to TO B-VP
use VB I-VP
the DT B-NP
two CD I-NP
men NNS I-NP
to TO B-VP
get VB I-VP
a DT B-NP
pound NN I-NP
of IN B-PP
flesh NN B-NP
from IN B-PP
Sony NNP B-NP
. . O

During IN B-PP
settlement NN B-NP
talks NNS I-NP
, , O
for IN B-PP
example NN B-NP
, , O
Warner NNP B-NP
demanded VBD B-VP
such JJ B-NP
things NNS I-NP
as IN B-PP
cable NN B-NP
TV NN I-NP
rights NNS I-NP
to TO B-PP
Columbia NNP B-NP
movies NNS I-NP
and CC O
Columbia NNP B-NP
's POS B-NP
interest NN I-NP
in IN B-PP
the DT B-NP
studio NN I-NP
it PRP B-NP
jointly RB B-ADVP
owns VBZ B-VP
with IN B-PP
Warner NNP B-NP
, , O
according VBG B-PP
to TO B-PP
executives NNS B-NP
involved VBN B-ADJP
in IN B-PP
the DT B-NP
talks NNS I-NP
. . O

In IN B-PP
any DT B-NP
settlement NN I-NP
, , O
Warner NNP B-NP
is VBZ B-VP
almost RB B-ADJP
certain JJ I-ADJP
to TO B-VP
demand VB I-VP
rights NNS B-NP
to TO B-PP
most RBS B-NP
of IN B-PP
the DT B-NP
50 CD I-NP
or CC I-NP
so RB I-NP
projects VBZ I-NP
Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
have VBP B-VP
locked VBN I-VP
up IN B-PRT
for IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
years NNS I-NP
, , O
notably RB B-ADVP
sequels NNS B-NP
to TO B-PP
`` `` O
Batman NNP B-NP
. . O
'' '' O

Mr. NNP B-NP
Guber NNP I-NP
and CC O
Mr. NNP B-NP
Peters NNP I-NP
refuse VB B-VP
to TO I-VP
concede VB I-VP
that IN B-SBAR
they PRP B-NP
may MD B-VP
have VB I-VP
made VBN I-VP
a DT B-NP
tactical JJ I-NP
error NN I-NP
in IN B-PP
accepting VBG B-VP
the DT B-NP
Sony NNP I-NP
offer NN I-NP
before IN B-PP
taking VBG B-VP
it PRP B-NP
up IN B-PRT
with IN B-PP
Warner NNP B-NP
. . O

And CC O
they PRP B-NP
say VBP B-VP
there EX B-NP
are VBP B-VP
plenty NN B-NP
of IN B-PP
precedents NNS B-NP
in IN B-PP
Hollywood NNP B-NP
for IN B-PP
letting VBG B-VP
people NNS B-NP
out IN B-PP
of IN B-PP
contracts NNS B-NP
. . O

The DT B-NP
last JJ I-NP
time NN I-NP
Columbia NNP B-NP
Pictures NNPS I-NP
was VBD B-VP
looking VBG I-VP
for IN B-PP
a DT B-NP
studio NN I-NP
chief NN I-NP
, , O
they PRP B-NP
note VBP B-VP
, , O
Warner NNP B-NP
released VBD B-VP
producer NN B-NP
David NNP I-NP
Puttnam NNP I-NP
from IN B-PP
his PRP$ B-NP
contract NN I-NP
, , O
then RB O
took VBD B-VP
him PRP B-NP
back RB B-ADVP
after IN B-SBAR
he PRP B-NP
was VBD B-VP
subsequently RB I-VP
fired VBN I-VP
by IN B-PP
his PRP$ B-NP
bosses NNS I-NP
at IN B-PP
Columbia NNP B-NP
. . O

In IN B-PP
his PRP$ B-NP
affidavit NN I-NP
filed VBD B-VP
yesterday NN B-NP
, , O
Warner NNP B-NP
's POS B-NP
Mr. NNP I-NP
Ross NNP I-NP
indicated VBD B-VP
he PRP B-NP
is VBZ B-VP
n't RB I-VP
buying VBG I-VP
any DT B-NP
such JJ I-NP
argument NN I-NP
: : O
`` `` O
If IN B-SBAR
Sony NNP B-NP
succeeds VBZ B-VP
here RB B-ADVP
, , O
no DT B-NP
written VBN I-NP
contract NN I-NP
in IN B-PP
Hollywood NNP B-NP
will MD B-VP
be VB I-VP
worth JJ B-PP
the DT B-NP
paper NN I-NP
it PRP B-NP
's VBZ B-VP
written VBN I-VP
on RB B-PP
. . O

THE DT B-NP
SALES NNP I-NP
PITCH NNP I-NP
could MD B-VP
n't RB I-VP
sound VB I-VP
better JJR B-ADJP
. . O

First RB B-ADVP
, , O
there EX B-NP
's VBZ B-VP
the DT B-NP
name NN I-NP
: : O
`` `` O
asset-backed JJ B-NP
securities NNS I-NP
. . O
'' '' O

Better NNP B-ADJP
than IN B-PP
all PDT B-NP
those DT I-NP
offers VBZ I-NP
you PRP B-NP
get VBP B-VP
to TO B-VP
buy VB I-VP
securities NNS B-NP
backed VBN B-VP
by IN B-PP
nothing NN B-NP
. . O

And CC O
there EX B-NP
's VBZ B-VP
more JJR B-ADJP
. . O

The DT B-NP
assets NNS I-NP
backing VBG B-VP
the DT B-NP
securities NNS I-NP
come VBP B-VP
from IN B-PP
some DT B-NP
of IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
biggest JJS B-ADJP
-- : O
and CC O
most RBS B-ADJP
secure VB I-ADJP
-- : O
institutions NNS B-NP
. . O

Most JJS B-NP
earn VB B-VP
high JJ B-NP
ratings NNS I-NP
from IN B-PP
credit NN B-NP
agencies NNS I-NP
. . O

Their PRP$ B-NP
yields NNS I-NP
are VBP B-VP
higher JJR B-ADJP
than IN B-PP
those DT B-NP
of IN B-PP
U.S. NNP B-NP
Treasury NNP I-NP
issues NNS I-NP
. . O

And CC O
the DT B-NP
booming JJ I-NP
market NN I-NP
has VBZ B-VP
already RB I-VP
attracted VBN I-VP
many NN B-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
biggest JJS I-NP
institutional JJ I-NP
investors NNS I-NP
. . O

Ready JJ B-ADJP
to TO B-VP
jump VB I-VP
? . O

Well UH B-INTJ
, , O
think VBP B-VP
twice RB B-ADVP
. . O

The DT B-NP
concept NN I-NP
may MD B-VP
be VB I-VP
simple JJ B-ADJP
: : O
Take VB B-VP
a DT B-NP
bunch NN I-NP
of IN B-PP
loans NNS B-NP
, , O
tie NN B-VP
them PRP B-NP
up IN B-PRT
in IN B-PP
one CD B-NP
neat JJ I-NP
package NN I-NP
, , O
and CC O
sell VB B-VP
pieces NNS B-NP
of IN B-PP
the DT B-NP
package NN I-NP
to TO B-PP
investors NNS B-NP
. . O

But CC O
the DT B-NP
simplicity NN I-NP
may MD B-VP
be VB I-VP
misleading JJ B-ADJP
. . O

Skeptics NNS B-NP
say VBP B-VP
the DT B-NP
slightly RB I-NP
higher JJR I-NP
returns NNS I-NP
are VBP B-VP
n't RB O
enough RB B-ADJP
to TO B-VP
compensate VB I-VP
for IN B-PP
the DT B-NP
extra JJ I-NP
risk NN I-NP
. . O

They PRP B-NP
warn VBP B-VP
that IN B-SBAR
asset-backed JJ B-NP
securities NNS I-NP
are VBP B-VP
only RB B-ADVP
as RB B-ADJP
good JJ I-ADJP
as IN B-PP
the DT B-NP
assets NNS I-NP
and CC I-NP
credit NN I-NP
backing VBG I-NP
that DT B-NP
support NN B-VP
them PRP B-NP
-- : O
and CC O
those DT B-NP
are VBP B-VP
hard JJ B-ADJP
to TO B-VP
evaluate VB I-VP
. . O

Moreover RB B-ADVP
, , O
the DT B-NP
securities NNS I-NP
were VBD B-VP
introduced VBN I-VP
only RB B-NP
about IN I-NP
4 CD I-NP
1\/2 CD I-NP
years NNS I-NP
ago RB B-ADVP
; : O
the DT B-NP
biggest JJS I-NP
unknown NN I-NP
is VBZ B-VP
how WRB B-ADVP
they PRP B-NP
will MD B-VP
fare VB I-VP
in IN B-PP
a DT B-NP
recession NN I-NP
. . O

`` `` O
A DT B-NP
lot NN I-NP
of IN B-PP
this DT B-NP
stuff NN I-NP
really RB B-ADVP
is VBZ B-VP
in IN B-PP
untested JJ B-NP
waters NNS I-NP
, , O
'' '' O
says VBZ B-VP
Owen NNP B-NP
Carney NNP I-NP
, , O
director NN B-NP
of IN B-PP
the DT B-NP
investment NN I-NP
securities NNS I-NP
division NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
comptroller NN I-NP
of IN B-PP
the DT B-NP
currency NN I-NP
. . O

`` `` O
We PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
how WRB B-ADVP
this DT B-NP
whole JJ I-NP
market NN I-NP
will MD B-VP
work VB I-VP
in IN B-PP
a DT B-NP
serious JJ I-NP
economic JJ I-NP
downturn NN I-NP
. . O
'' '' O

Such JJ B-NP
concerns NNS I-NP
, , O
however RB B-ADVP
, , O
have VBP B-VP
n't RB I-VP
stopped VBN I-VP
asset-backed JJ B-NP
securities NNS I-NP
from IN B-PP
becoming VBG B-VP
one CD B-NP
of IN B-PP
Wall NNP B-NP
Street NNP I-NP
's POS B-NP
hottest JJS I-NP
new JJ I-NP
products NNS I-NP
. . O

Since IN B-PP
the DT B-NP
spring NN I-NP
of IN B-PP
1985 CD B-NP
, , O
financial JJ B-NP
alchemists NNS I-NP
have VBP B-VP
transformed VBN I-VP
a DT B-NP
wide JJ I-NP
variety NN I-NP
of IN B-PP
debt NN B-NP
into IN B-PP
these DT B-NP
new JJ I-NP
securities NNS I-NP
. . O

They PRP B-NP
have VBP B-VP
sold VBN I-VP
issues NNS B-NP
backed VBN B-VP
by IN B-PP
car NN B-NP
loans NNS I-NP
, , O
boat NN B-NP
loans NNS I-NP
and CC O
recreational-vehicle NN B-NP
loans NNS I-NP
. . O

They PRP B-NP
have VBP B-VP
offered VBN I-VP
bundles NNS B-NP
of IN B-PP
homeequity NN B-NP
loans NNS I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
packages NNS B-NP
of IN B-PP
loans NNS B-NP
used VBN B-VP
to TO B-VP
buy VB I-VP
vacation NN B-NP
time-shares NNS I-NP
. . O

Last JJ B-NP
year NN I-NP
, , O
there EX B-NP
was VBD B-VP
an DT B-NP
issue NN I-NP
of IN B-PP
`` `` O
death-backed JJ B-NP
bonds NNS I-NP
'' '' O
-- : O
securities NNS B-NP
backed VBN B-VP
by IN B-PP
loans NNS B-NP
to TO B-PP
life-insurance NN B-NP
policyholders NNS I-NP
. . O

Some DT B-NP
predict VBP B-VP
there EX B-NP
will MD B-VP
be VB I-VP
`` `` O
Third NNP B-NP
World NNP I-NP
bonds NNS I-NP
, , O
'' '' O
backed VBN B-VP
by IN B-PP
loans NNS B-NP
to TO B-PP
Brazil NNP B-NP
, , O
Argentina NNP B-NP
and CC O
other JJ B-NP
debt-ridden JJ I-NP
nations NNS I-NP
. . O

And CC O
the DT B-NP
biggest JJS I-NP
volume NN I-NP
this DT B-NP
year NN I-NP
has VBZ B-VP
been VBN I-VP
on IN B-PP
securities NNS B-NP
backed VBN B-VP
by IN B-PP
credit-card NN B-NP
receivables NN I-NP
, , O
sometimes RB B-VP
known VBN I-VP
as IN B-PP
`` `` O
plastic NN B-NP
bonds NNS I-NP
. . O
'' '' O

`` `` O
This DT B-NP
is VBZ B-VP
the DT B-NP
heyday NN I-NP
of IN B-PP
debt NN B-NP
, , O
'' '' O
says VBZ B-VP
James NNP B-NP
Grant NNP I-NP
, , O
editor NN B-NP
of IN B-PP
Grant NNP B-NP
's POS B-NP
Interest NNP I-NP
Rate NNP I-NP
Observer NNP I-NP
, , O
a DT B-NP
newsletter NN I-NP
. . O

`` `` O
Before IN O
the DT B-NP
sun NN I-NP
sets NNS B-VP
on IN B-PP
the DT B-NP
'80s NNS I-NP
, , O
it PRP B-NP
seems VBZ B-VP
nothing NN B-NP
will MD B-VP
be VB I-VP
left VBN I-VP
unhocked VBN I-VP
. . O
'' '' O

The DT B-NP
result NN I-NP
is VBZ B-VP
a DT B-NP
$ $ I-NP
45 CD I-NP
billion CD I-NP
market NN I-NP
, , O
according VBG B-PP
to TO B-PP
Securities NNP B-NP
Data NNP I-NP
Co NNP I-NP
. . O

That DT B-NP
includes VBZ B-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
9.5 CD I-NP
billion CD I-NP
issued VBN B-VP
through IN B-PP
August NNP B-NP
of IN B-PP
this DT B-NP
year NN I-NP
, , O
up IN B-ADVP
sharply RB B-ADVP
from IN B-PP
$ $ B-NP
6.5 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
comparable JJ I-NP
1988 CD I-NP
period NN I-NP
-- : B-ADVP
and CC I-ADVP
more JJR B-ADVP
than IN B-PP
in IN B-PP
all DT B-NP
of IN B-PP
1987 CD B-NP
. . O

Most JJS B-NP
issues NNS I-NP
have VBP B-VP
been VBN I-VP
sold VBN I-VP
to TO B-PP
professional JJ B-NP
money NN I-NP
managers NNS I-NP
, , O
pension NN B-NP
funds NNS I-NP
, , O
bank NN B-NP
trust NN I-NP
departments NNS I-NP
and CC O
other JJ B-NP
institutions NNS I-NP
. . O

But CC O
wealthy JJ B-NP
individuals NNS I-NP
also RB B-ADVP
have VBP B-VP
been VBN I-VP
jumping VBG I-VP
in IN B-ADVP
, , O
and CC O
lately RB B-ADVP
brokers NNS B-NP
have VBP B-VP
been VBN I-VP
pushing VBG I-VP
smaller JJR B-NP
investors NNS I-NP
into IN B-PP
the DT B-NP
asset-backed JJ I-NP
market NN I-NP
. . O

The DT B-NP
entry NN I-NP
fee NN I-NP
is VBZ B-VP
affordable JJ B-ADJP
: : O
Issues NNS B-NP
typically RB B-ADVP
are VBP B-VP
sold VBN I-VP
in IN B-PP
minimum JJ B-NP
denominations NNS I-NP
of IN B-PP
$ $ B-NP
1,000 CD I-NP
. . O

`` `` O
We PRP B-NP
expect VBP B-VP
additional JJ B-NP
offerings NNS I-NP
'' '' O
of IN B-PP
asset-backed JJ B-NP
securities NNS I-NP
targeted VBN B-VP
toward IN B-PP
individual JJ B-NP
investors NNS I-NP
, , O
says VBZ B-VP
Bill NNP B-NP
Addiss NNP I-NP
, , O
a DT B-NP
senior JJ I-NP
vice NN I-NP
president NN I-NP
at IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc NNP I-NP
. . O

The DT B-NP
process NN I-NP
typically RB B-ADVP
begins VBZ B-VP
when WRB B-ADVP
an DT B-NP
institution NN I-NP
, , O
such JJ B-PP
as IN I-PP
Citibank NNP B-NP
or CC O
Sears NNP B-NP
, , I-NP
Roebuck NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
takes VBZ B-VP
a DT B-NP
pool NN I-NP
of IN B-PP
credit-card NN B-NP
or CC I-NP
other JJ I-NP
receivables NN I-NP
and CC O
sells VBZ B-VP
them PRP B-NP
to TO B-PP
a DT B-NP
specially RB I-NP
created VBN I-NP
trust NN I-NP
. . O

The DT B-NP
trust NN I-NP
then RB B-ADVP
issues VBZ B-VP
securities NNS B-NP
-- : O
generally RB B-ADJP
due JJ I-ADJP
in IN B-PP
five CD B-NP
years NNS I-NP
or CC I-NP
less JJR I-NP
-- : O
that WDT B-NP
are VBP B-VP
underwritten VBN I-VP
by IN B-PP
Wall NNP B-NP
Street NNP I-NP
brokerage NN I-NP
firms NNS I-NP
and CC O
offered VBN B-VP
to TO B-PP
investors NNS B-NP
. . O

Issues NNS B-NP
typically RB B-ADVP
come VBP B-VP
with IN B-PP
`` `` O
credit NN B-NP
enhancements NNS I-NP
, , O
'' '' O
such JJ B-PP
as IN I-PP
a DT B-NP
bank NN I-NP
letter NN I-NP
of IN B-PP
credit NN B-NP
, , O
and CC O
thus RB B-VP
have VBP I-VP
received VBN I-VP
high JJ B-NP
credit NN I-NP
ratings NNS I-NP
. . O

Enthusiasts NNS B-NP
say VBP B-VP
the DT B-NP
booming JJ I-NP
market NN I-NP
has VBZ B-VP
opened VBN I-VP
up IN B-PRT
a DT B-NP
valuable JJ I-NP
new JJ I-NP
source NN I-NP
of IN B-PP
funds NNS B-NP
to TO B-PP
issuers NNS B-NP
, , O
while IN B-SBAR
providing VBG B-VP
a DT B-NP
valuable JJ I-NP
new JJ I-NP
investment NN I-NP
for IN B-PP
individuals NNS B-NP
and CC I-NP
institutions NNS I-NP
. . O

Asset-backed JJ B-NP
securities NNS I-NP
`` `` O
are VBP B-VP
an DT B-NP
attractive JJ I-NP
investment NN I-NP
compared VBN B-PP
to TO B-PP
bank VB B-NP
certificates NNS I-NP
of IN B-PP
deposit NN B-NP
or CC O
other JJ B-NP
corporate JJ I-NP
bonds NNS I-NP
, , O
'' '' O
says VBZ B-VP
Craig NNP B-NP
J. NNP I-NP
Goldberg NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
and CC O
head NN B-NP
of IN B-PP
the DT B-NP
asset-backed JJ I-NP
securities NNS I-NP
group VBP I-NP
at IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
. . O

But CC O
skeptics NNS B-NP
question VBP B-VP
whether IN B-SBAR
asset-backed JJ B-NP
bonds NNS I-NP
offer VBP B-VP
sufficient JJ B-NP
rewards NNS I-NP
to TO B-VP
compensate VB I-VP
for IN B-PP
the DT B-NP
extra JJ I-NP
risks NNS I-NP
. . O

Consider VB B-VP
a DT B-NP
$ $ I-NP
500 CD I-NP
million CD I-NP
offering NN I-NP
of IN B-PP
9 CD B-NP
% NN I-NP
securities NNS I-NP
issued VBD B-VP
last JJ B-NP
spring NN I-NP
and CC O
backed VBN B-VP
by IN B-PP
Citibank NNP B-NP
credit-card NN I-NP
receivables NN I-NP
. . O

The DT B-NP
triple-A-rated JJ I-NP
issue NN I-NP
offered VBD B-VP
a DT B-NP
yield NN I-NP
of IN B-PP
only RB B-NP
about IN I-NP
0.5 CD I-NP
percentage NN I-NP
point NN I-NP
above IN B-PP
four-year JJ B-NP
Treasury NNP I-NP
issues NNS I-NP
. . O

On IN B-PP
a DT B-NP
$ $ I-NP
10,000 CD I-NP
investment NN I-NP
, , O
that DT B-NP
's VBZ B-VP
a DT B-NP
difference NN I-NP
of IN B-PP
only RB B-NP
$ $ I-NP
50 CD I-NP
a DT B-NP
year NN I-NP
. . O

That DT B-NP
kind NN I-NP
of IN B-PP
spread NN B-NP
can MD B-VP
be VB I-VP
critical JJ B-ADJP
for IN B-PP
money NN B-NP
managers NNS I-NP
who WP B-NP
buy VBP B-VP
bonds NNS B-NP
in IN B-PP
large JJ B-NP
quantities NNS I-NP
and CC O
whose WP$ B-NP
livelihood NN I-NP
depends VBZ B-VP
on IN B-PP
outperforming VBG B-VP
the DT B-NP
money NN I-NP
manager NN I-NP
across IN B-PP
the DT B-NP
street NN I-NP
. . O

But CC O
for IN B-PP
individuals NNS B-NP
who WP B-NP
buy VBP B-VP
much RB B-NP
smaller JJR I-NP
amounts NNS I-NP
and CC O
care NN B-VP
less JJR B-ADVP
about IN B-PP
relative JJ B-NP
performance NN I-NP
than IN B-PP
in IN B-PP
preserving VBG B-VP
what WP B-NP
they PRP B-NP
have VBP B-VP
, , O
that DT B-NP
margin NN I-NP
is VBZ B-VP
meaningless JJ B-ADJP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
're VBP B-VP
in IN B-PP
the DT B-NP
bond NN I-NP
business NN I-NP
playing VBG B-VP
the DT B-NP
relative-performance JJ I-NP
derby NN I-NP
, , O
then RB B-ADVP
even RB B-NP
an DT I-NP
extra JJ I-NP
25 CD I-NP
basis NN I-NP
points NNS I-NP
-LRB- ( O
0.25 CD B-NP
percentage NN I-NP
point NN I-NP
-RRB- ) O
becomes VBZ B-VP
an DT B-NP
important JJ I-NP
consideration NN I-NP
on IN B-PP
a DT B-NP
career NN I-NP
basis NN I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Grant NNP I-NP
. . O

`` `` O
But CC O
if IN B-SBAR
you PRP B-NP
're VBP B-VP
an DT B-NP
individual JJ I-NP
investing NN B-VP
money NN B-NP
and CC O
trying VBG B-VP
to TO I-VP
get VB I-VP
it PRP B-NP
back RB B-PRT
again RB B-ADVP
, , O
then RB B-ADVP
that WDT B-NP
is VBZ B-VP
n't RB O
of IN B-PP
overwhelming JJ B-NP
importance NN I-NP
. . O
'' '' O

Moreover RB B-ADVP
, , O
the DT B-NP
interest NN I-NP
on IN B-PP
asset-backed JJ B-NP
securities NNS I-NP
is VBZ B-VP
fully RB B-ADJP
taxable JJ I-ADJP
, , O
while IN B-SBAR
interest NN B-NP
on IN B-PP
Treasury NNP B-NP
issues NNS I-NP
is VBZ B-VP
tax-free JJ B-ADJP
at IN B-PP
the DT B-NP
state NN I-NP
and CC I-NP
local JJ I-NP
level NN I-NP
. . O

That DT B-NP
's VBZ B-VP
why WRB B-ADVP
some DT B-NP
investment NN I-NP
managers NNS I-NP
, , O
such JJ B-PP
as IN I-PP
Alex NNP B-NP
Powers NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
Chase NNP B-NP
Manhattan NNP I-NP
Bank NNP I-NP
's POS B-NP
private JJ I-NP
banking NN I-NP
division NN I-NP
, , O
do VBP B-VP
n't RB I-VP
recommend VB I-VP
most RBS B-NP
asset-backed JJ I-NP
issues NNS I-NP
for IN B-PP
individuals NNS B-NP
in IN B-PP
high-tax JJ B-NP
states NNS I-NP
, , O
such JJ B-PP
as IN I-PP
New NNP B-NP
York NNP I-NP
or CC O
California NNP B-NP
. . O

But CC O
Mr. NNP B-NP
Powers NNP I-NP
has VBZ B-VP
purchased VBN I-VP
asset-backed JJ B-NP
issues NNS I-NP
for IN B-PP
individuals NNS B-NP
with IN B-PP
tax-deferred JJ B-NP
accounts NNS I-NP
, , O
such JJ B-PP
as IN I-PP
retirement NN B-NP
plans NNS I-NP
. . O

He PRP B-NP
points VBZ B-VP
out RP B-PRT
that IN B-SBAR
institutions NNS B-NP
buying VBG B-VP
asset-backed JJ B-NP
issues NNS I-NP
in IN B-PP
large JJ B-NP
quantities NNS I-NP
can MD B-VP
earn VB I-VP
higher JJR B-NP
spreads VBZ I-NP
over IN B-PP
Treasurys NNPS B-NP
than IN B-PP
individuals NNS B-NP
buying VBG B-VP
smaller JJR B-NP
amounts NNS I-NP
. . O

Another DT B-NP
concern NN I-NP
is VBZ B-VP
liquidity NN B-NP
, , O
or CC O
how WRB B-ADVP
easily RB I-ADVP
a DT B-NP
security NN I-NP
can MD B-VP
be VB I-VP
converted VBN I-VP
into IN B-PP
cash NN B-NP
. . O

The DT B-NP
secondary JJ I-NP
, , I-NP
or CC I-NP
resale NN I-NP
, , I-NP
market NN I-NP
for IN B-PP
asset-backed JJ B-NP
securities NNS I-NP
is VBZ B-VP
relatively RB B-ADJP
new JJ I-ADJP
and CC O
much RB B-ADJP
less RBR I-ADJP
active JJ I-ADJP
than IN B-PP
for IN B-PP
Treasury NNP B-NP
issues NNS I-NP
. . O

That DT B-NP
could MD B-VP
make VB I-VP
it PRP B-NP
tricky JJ B-ADJP
for IN B-PP
investors NNS B-NP
who WP B-NP
need VBP B-VP
to TO I-VP
sell VB I-VP
their PRP$ B-NP
holdings NNS I-NP
quickly RB B-ADVP
before IN B-SBAR
the DT B-NP
securities NNS I-NP
mature JJ B-VP
. . O

That DT B-NP
's VBZ B-VP
particularly RB B-ADJP
true JJ I-ADJP
, , O
analysts NNS B-NP
say VBP B-VP
, , O
for IN B-PP
certain JJ B-NP
of IN B-PP
the DT B-NP
securities NNS I-NP
, , O
such JJ B-PP
as IN I-PP
those DT B-NP
backed VBN B-VP
by IN B-PP
time-share JJ B-NP
loans NNS I-NP
. . O

`` `` O
You PRP B-NP
could MD B-VP
see VB I-VP
massive JJ B-NP
gyrations NNS I-NP
here RB B-ADVP
because IN B-SBAR
it PRP B-NP
's VBZ B-VP
such JJ B-NP
a DT I-NP
thinly RB I-NP
traded VBN I-NP
market NN I-NP
, , O
'' '' O
says VBZ B-VP
Jonathan NNP B-NP
S. NNP I-NP
Paris NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
European JJ B-NP
Investors NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
New NNP I-NP
York NNP I-NP
investment-management NN I-NP
firm NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
an DT B-NP
investor NN I-NP
who WP B-NP
wants VBZ B-VP
to TO I-VP
know VB I-VP
the DT B-NP
daily JJ I-NP
value NN I-NP
of IN B-PP
Treasury NNP B-NP
bonds NNS I-NP
, , O
or CC O
corporate JJ B-NP
bonds NNS I-NP
traded VBN B-VP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
can MD B-VP
simply RB I-VP
check VB I-VP
newspaper NN B-NP
listings NNS I-NP
. . O

There EX B-NP
are VBP B-VP
n't RB O
any DT B-NP
such JJ I-NP
listings NNS I-NP
for IN B-PP
asset-backed JJ B-NP
securities NNS I-NP
. . O

Evaluating VBG B-VP
asset-backed JJ B-NP
securities NNS I-NP
poses VBZ B-VP
another DT B-NP
problem NN I-NP
. . O

Investors NNS B-NP
, , O
for IN B-PP
instance NN B-NP
, , O
may MD B-VP
mistakenly RB I-VP
assume VB I-VP
that IN B-SBAR
the DT B-NP
bank NN I-NP
or CC I-NP
company NN I-NP
that IN B-NP
originally RB B-ADVP
held VBN B-VP
the DT B-NP
assets NNS I-NP
is VBZ B-VP
guaranteeing VBG I-VP
the DT B-NP
securities NNS I-NP
. . O

It PRP B-NP
is VBZ B-VP
n't RB O
. . O

The DT B-NP
front NN I-NP
cover NN I-NP
of IN B-PP
the DT B-NP
prospectus NN I-NP
for IN B-PP
the DT B-NP
Citibank NNP I-NP
credit-card NN I-NP
receivables NN I-NP
offering NN I-NP
points NNS B-VP
out IN B-PRT
in IN B-PP
bold JJ B-NP
capital NN I-NP
letters NNS I-NP
that IN B-SBAR
the DT B-NP
certificates NNS I-NP
represent VBP B-VP
an DT B-NP
interest NN I-NP
only RB B-ADVP
in IN B-PP
the DT B-NP
specially RB I-NP
created VBN I-NP
trust NN I-NP
and CC O
`` `` O
do VBP B-VP
not RB I-VP
represent VB I-VP
interests NNS B-NP
in IN B-PP
or CC O
obligations NNS B-NP
of IN B-PP
the DT B-NP
banks NNS I-NP
, , O
Citibank NNP B-NP
N.A. NNP I-NP
, , O
Citicorp NNP B-NP
or CC O
any DT B-NP
affiliate NN I-NP
thereof RB I-NP
. . O
'' '' O

In IN B-PP
other JJ B-NP
words NNS I-NP
, , O
if IN B-SBAR
there EX B-NP
's VBZ B-VP
a DT B-NP
problem NN I-NP
, , O
do VBP B-VP
n't RB I-VP
expect VB I-VP
Citibank NNP B-NP
to TO B-VP
come VB I-VP
to TO B-PP
the DT B-NP
rescue NN I-NP
. . O

The DT B-NP
prospectus NN I-NP
also RB B-ADVP
notes VBZ B-VP
that IN B-SBAR
the DT B-NP
securities NNS I-NP
are VBP B-VP
not RB I-VP
guaranteed VBN I-VP
by IN B-PP
any DT B-NP
government NN I-NP
agency NN I-NP
. . O

That DT B-NP
means VBZ B-VP
investors NNS B-NP
have VBP B-VP
to TO I-VP
focus VB I-VP
on IN B-PP
the DT B-NP
quality NN I-NP
of IN B-PP
the DT B-NP
debt NN I-NP
that WDT B-NP
lies VBZ B-VP
beneath IN B-PP
the DT B-NP
securities NNS I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
on IN B-PP
the DT B-NP
credit NN I-NP
enhancement NN I-NP
for IN B-PP
the DT B-NP
issue NN I-NP
and CC O
the DT B-NP
credit NN I-NP
ratings NNS I-NP
the DT B-NP
issue NN I-NP
has VBZ B-VP
received VBN I-VP
. . O

That DT B-NP
also RB B-ADVP
is VBZ B-VP
n't RB O
easy JJ B-ADJP
. . O

Take VB B-VP
the DT B-NP
`` `` I-NP
credit NN I-NP
enhancements NNS I-NP
, , O
'' '' O
which WDT B-NP
typically RB B-ADVP
include VBP B-VP
a DT B-NP
bank NN I-NP
letter NN I-NP
of IN B-PP
credit NN B-NP
or CC O
insurance NN B-NP
from IN B-PP
a DT B-NP
bond-insurance JJ I-NP
company NN I-NP
. . O

The DT B-NP
letter NN I-NP
of IN B-PP
credit NN B-NP
typically RB B-ADVP
is VBZ B-VP
not RB I-VP
offered VBN I-VP
by IN B-PP
the DT B-NP
bank NN I-NP
selling VBG B-VP
the DT B-NP
assets NNS I-NP
to TO B-VP
back RB I-VP
the DT B-NP
securities NNS I-NP
. . O

Nor CC O
does VBZ O
it PRP B-NP
cover VBP B-VP
the DT B-NP
entire JJ I-NP
portfolio NN I-NP
. . O

Details NNS B-NP
of IN B-PP
credit NN B-NP
enhancements NNS I-NP
vary VBP B-VP
widely RB B-ADVP
from IN B-PP
issue NN B-NP
to TO B-PP
issue VB B-NP
. . O

Still RB B-ADVP
, , O
they PRP B-NP
play VBP B-VP
a DT B-NP
crucial JJ I-NP
role NN I-NP
in IN B-PP
winning VBG B-VP
top JJ B-NP
ratings NNS I-NP
for IN B-PP
most RBS B-NP
asset-backed JJ I-NP
issues NNS I-NP
-- : O
which WDT B-NP
in IN B-PP
turn NN B-NP
is VBZ B-VP
why WRB B-ADVP
the DT B-NP
yield NN I-NP
above IN B-PP
Treasurys NNPS B-NP
is VBZ B-VP
so RB B-ADJP
slim JJ I-ADJP
. . O

But CC O
skeptics NNS B-NP
ask VBP B-VP
why WRB B-ADVP
you PRP B-NP
should MD B-VP
bother VB I-VP
buying VBG I-VP
this DT B-NP
stuff NN I-NP
when WRB B-ADVP
you PRP B-NP
can MD B-VP
get VB I-VP
only RB B-ADVP
slightly RB I-ADVP
lower JJR B-NP
yields NNS I-NP
on IN B-PP
government-guaranteed JJ B-NP
paper NN I-NP
. . O

When WRB B-ADVP
you PRP B-NP
buy VBP B-VP
an DT B-NP
asset-backed JJ I-NP
issue NN I-NP
, , O
you PRP B-NP
take VBP B-VP
the DT B-NP
risk NN I-NP
that IN B-SBAR
a DT B-NP
bank NN I-NP
or CC O
an DT B-NP
insurer NN I-NP
could MD B-VP
run VB I-VP
into IN B-PP
unexpected JJ B-NP
difficulties NNS I-NP
. . O

If IN B-SBAR
a DT B-NP
bank NN I-NP
's POS B-NP
credit NN I-NP
rating NN I-NP
was VBD B-VP
lowered VBN I-VP
because IN B-PP
of IN I-PP
, , O
say VBP B-INTJ
, , O
its PRP$ B-NP
loans NNS I-NP
to TO B-PP
Third NNP B-NP
World NNP I-NP
nations NNS I-NP
, , O
that WDT B-NP
could MD B-VP
also RB I-VP
affect VB I-VP
the DT B-NP
ratings NNS I-NP
, , I-NP
liquidity NN I-NP
and CC I-NP
prices NNS I-NP
of IN B-PP
the DT B-NP
asset-backed JJ I-NP
issues NNS I-NP
that IN B-NP
the DT B-NP
bank NN I-NP
supports NNS B-VP
. . O

Underwriters NNS B-NP
insist VBP B-VP
these DT B-NP
issues NNS I-NP
are VBP B-VP
constructed VBN I-VP
to TO B-VP
withstand VB I-VP
extremely RB B-NP
tough JJ I-NP
economic JJ I-NP
conditions NNS I-NP
. . O

But CC O
despite IN B-PP
the DT B-NP
credit NN I-NP
enhancements NNS I-NP
, , O
despite IN B-PP
the DT B-NP
high JJ I-NP
ratings NNS I-NP
, , O
some DT B-NP
money NN I-NP
managers NNS I-NP
still RB B-ADVP
worry VBP B-VP
that IN B-SBAR
a DT B-NP
recession NN I-NP
could MD B-VP
wreak VB I-VP
havoc NN B-NP
on IN B-PP
the DT B-NP
underlying VBG I-NP
assets NNS I-NP
. . O

At IN B-PP
a DT B-NP
time NN I-NP
when WRB B-ADVP
Americans NNPS B-NP
are VBP B-VP
leveraged JJ B-ADJP
to TO B-PP
their PRP$ B-NP
eyeballs NNS I-NP
, , O
asset-backed JJ B-NP
investors NNS I-NP
may MD B-VP
be VB I-VP
taking VBG I-VP
a DT B-NP
heady JJ I-NP
gamble NN I-NP
that IN B-SBAR
consumers NNS B-NP
will MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
repay VB I-VP
loans NNS B-NP
in IN B-PP
hard JJ B-NP
times NNS I-NP
. . O

At IN B-PP
the DT B-NP
very RB I-NP
least JJS I-NP
, , O
a DT B-NP
recession NN I-NP
would MD B-VP
prompt VB I-VP
investors NNS B-NP
to TO B-VP
buy VB I-VP
the DT B-NP
highest-quality JJ I-NP
bonds NNS I-NP
they PRP B-NP
can MD B-VP
find VB I-VP
-- : O
that DT B-NP
is VBZ B-VP
, , O
Treasurys NNPS B-NP
. . O

That DT B-NP
could MD B-VP
widen VB I-VP
the DT B-NP
yield NN I-NP
spread NN I-NP
between IN B-PP
Treasurys NNPS B-NP
and CC O
asset-backed JJ B-NP
securities NNS I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
make NN B-VP
it PRP B-NP
tougher JJR B-ADJP
to TO B-VP
unload VB I-VP
the DT B-NP
latter NN I-NP
. . O

But CC O
it PRP B-NP
could MD B-VP
be VB I-VP
much RB B-ADJP
worse JJR I-ADJP
. . O

Some DT B-NP
analysts NNS I-NP
are VBP B-VP
especially RB B-ADJP
wary JJ I-ADJP
of IN B-PP
credit-card NN B-NP
issues NNS I-NP
. . O

For IN B-PP
one CD B-NP
thing NN I-NP
, , O
credit-card NN B-NP
loans NNS I-NP
are VBP B-VP
unsecured JJ B-ADJP
. . O

In IN B-PP
addition NN B-NP
, , O
they PRP B-NP
fear VBP B-VP
that IN B-SBAR
banks NNS B-NP
have VBP B-VP
been VBN I-VP
overeager JJ B-ADJP
to TO B-VP
issue VB I-VP
cards NNS B-NP
to TO B-PP
the DT B-NP
public JJ I-NP
-- : O
giving VBG B-VP
cards NNS B-NP
to TO B-PP
too RB B-NP
many JJ I-NP
big JJ I-NP
spenders NNS I-NP
who WP B-NP
will MD B-VP
default VB I-VP
during IN B-PP
a DT B-NP
recession NN I-NP
. . O

`` `` O
A DT B-NP
day NN I-NP
of IN B-PP
reckoning NN B-NP
is VBZ B-VP
coming VBG I-VP
where WRB B-ADVP
we PRP B-NP
think VBP B-VP
the DT B-NP
market NN I-NP
will MD B-VP
place VB I-VP
a DT B-NP
high JJ I-NP
premium NN I-NP
on IN B-PP
the DT B-NP
highest-quality JJ I-NP
debt NN I-NP
issues NNS I-NP
, , O
and CC O
therefore RB B-ADVP
we PRP B-NP
think VBP B-VP
the DT B-NP
best JJS I-NP
debt NN I-NP
investment NN I-NP
is VBZ B-VP
U.S. NNP B-NP
government NN I-NP
bonds NNS I-NP
, , O
'' '' O
says VBZ B-VP
Craig NNP B-NP
Corcoran NNP I-NP
of IN B-PP
Davis\/Zweig NNP B-NP
Futures NNP I-NP
Inc. NNP I-NP
, , O
an DT B-NP
investment NN I-NP
advisory JJ I-NP
firm NN I-NP
. . O

What WP B-NP
about IN B-PP
triple-A-rated JJ B-NP
asset-backed JJ I-NP
issues NNS I-NP
? . O

`` `` O
Nope UH B-INTJ
, , O
we PRP B-NP
still RB B-ADVP
say VBP B-VP
to TO I-VP
stick VB I-VP
with IN B-PP
Treasurys NNPS B-NP
, , O
'' '' O
Mr. NNP B-NP
Corcoran NNP I-NP
replies VBZ B-VP
. . O

Ratings NNS B-NP
, , O
he PRP B-NP
notes VBZ B-VP
, , O
`` `` O
are VBP B-VP
subject NN B-ADJP
to TO B-PP
change VB B-NP
. . O
'' '' O

All DT B-NP
this DT I-NP
makes VBZ B-VP
asset-backed JJ B-NP
securities NNS I-NP
seem VBP B-VP
too RB B-ADJP
risky JJ I-ADJP
for IN B-PP
many JJ B-NP
people NNS I-NP
. . O

And CC O
it PRP B-NP
reminds VBZ B-VP
Raymond NNP B-NP
F. NNP I-NP
DeVoe NNP I-NP
Jr. NNP I-NP
, , O
a DT B-NP
market NN I-NP
strategist NN I-NP
at IN B-PP
Legg NNP B-NP
Mason NNP I-NP
Wood NNP I-NP
Walker NNP I-NP
Inc. NNP I-NP
, , O
of IN B-PP
what WP B-NP
he PRP B-NP
calls VBZ B-VP
`` `` O
DeVoe NNP B-NP
's POS B-NP
Unprovable JJ B-ADJP
but CC O
Highly RB B-ADJP
Probable NNP I-ADJP
Theory NNP B-NP
No. NN I-NP
1 CD I-NP
: : O

`` `` O
More JJR B-NP
money NN I-NP
has VBZ B-VP
been VBN I-VP
lost VBN I-VP
reaching VBG B-VP
for IN B-PP
yield NN B-NP
than IN B-PP
in IN B-PP
all PDT B-NP
the DT I-NP
stock NN I-NP
speculations NNS I-NP
, , I-NP
scams NNS I-NP
and CC I-NP
frauds NNS I-NP
of IN B-PP
all DT B-NP
time NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Herman NNP I-NP
is VBZ B-VP
a DT B-NP
staff NN I-NP
reporter NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
New NNP I-NP
York NNP I-NP
bureau NN I-NP
. . O

Volume NN B-NP
of IN B-PP
asset-backed JJ B-NP
securities NNS I-NP
issued VBN B-VP
annually RB B-ADVP

\* SYM O
Principal NNP B-NP
amount NN I-NP

\*\* SYM O
As IN B-PP
of IN B-PP
August NNP B-NP
30 CD I-NP

\* SYM O
Principal NNP B-NP
amount NN I-NP

Source NN B-NP
: : O
Securities NNP B-NP
Data NNP I-NP
Co NNP I-NP
. . O

IF IN B-SBAR
YOU PRP B-NP
FORCE VBP B-VP
financial JJ B-NP
planners NNS I-NP
to TO B-VP
sum VB I-VP
up IN B-PRT
their PRP$ B-NP
most RBS I-NP
important JJ I-NP
advice NN I-NP
in IN B-PP
a DT B-NP
single JJ I-NP
sentence NN I-NP
, , O
it PRP B-NP
would MD B-VP
probably RB I-VP
be VB I-VP
a DT B-NP
one-word JJ I-NP
sentence NN I-NP
: : O
Diversify VB B-VP
. . O

Judging VBG B-VP
by IN B-PP
a DT B-NP
poll NN I-NP
of IN B-PP
Wall NNP B-NP
Street NNP I-NP
Journal NNP I-NP
readers NNS I-NP
conducted VBD B-VP
this DT B-NP
summer NN I-NP
by IN B-PP
Erdos NNP B-NP
& CC I-NP
Morgan NNP I-NP
Inc. NNP I-NP
, , O
serious JJ B-NP
investors NNS I-NP
have VBP B-VP
taken VBN I-VP
that DT B-NP
advice NN I-NP
to TO B-PP
heart VB B-NP
. . O

Nearly RB B-NP
1,000 CD I-NP
investors NNS I-NP
responded VBD B-VP
to TO B-PP
the DT B-NP
Journal NNP I-NP
's POS B-NP
poll NN I-NP
, , O
providing VBG B-VP
an DT B-NP
in-depth JJ I-NP
look NN I-NP
at IN B-PP
their PRP$ B-NP
portfolios NNS I-NP
. . O

Those DT B-NP
portfolios NNS I-NP
are VBP B-VP
remarkably RB B-ADJP
diversified JJ I-ADJP
. . O

By IN B-PP
spreading VBG B-VP
their PRP$ B-NP
wealth NN I-NP
among IN B-PP
several JJ B-NP
investment NN I-NP
alternatives NNS I-NP
, , O
the DT B-NP
respondents NNS I-NP
have VBP B-VP
protected VBN I-VP
themselves PRP B-NP
against IN B-PP
squalls NNS B-NP
in IN B-PP
any DT B-NP
one CD I-NP
area NN I-NP
, , O
be VB O
it PRP B-NP
stocks VBZ B-NP
, , O
bonds NNS B-NP
or CC O
real JJ B-NP
estate NN I-NP
. . O

For IN B-PP
example NN B-NP
, , O
about IN B-NP
88 CD I-NP
% NN I-NP
of IN B-PP
Journal NNP B-NP
readers NNS I-NP
owned VBD B-VP
stock NN B-NP
-LRB- ( O
down RB B-ADVP
slightly RB B-ADVP
from IN B-PP
91 CD B-NP
% NN I-NP
in IN B-PP
a DT B-NP
similar JJ I-NP
poll NN I-NP
last JJ B-NP
year NN I-NP
-RRB- ) O
. . O

But CC O
only RB B-NP
17.5 CD I-NP
% NN I-NP
said VBD B-VP
they PRP B-NP
had VBD B-VP
more JJR B-NP
than IN I-NP
half VB I-NP
their PRP$ I-NP
money NN I-NP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O

Similarly RB B-ADVP
, , O
57 CD B-NP
% NN I-NP
of IN B-PP
respondents NNS B-NP
own JJ B-VP
shares NNS B-NP
in IN B-PP
a DT B-NP
money-market JJ I-NP
mutual JJ I-NP
fund NN I-NP
, , O
and CC O
33 CD B-NP
% NN I-NP
own JJ B-VP
municipal JJ B-NP
bonds NNS I-NP
. . O

But CC O
only RB B-NP
6 CD I-NP
% NN I-NP
to TO I-NP
7 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
investors NNS I-NP
were VBD B-VP
committing VBG I-VP
more JJR B-NP
than IN I-NP
half VB I-NP
their PRP$ I-NP
funds NNS I-NP
to TO B-PP
either DT B-NP
of IN B-PP
those DT B-NP
alternatives NNS I-NP
. . O

The DT B-NP
poll NN I-NP
, , O
conducted VBN B-VP
Aug. NNP B-NP
7-28 JJ I-NP
, , O
also RB B-ADVP
provides VBZ B-VP
a DT B-NP
glimpse NN I-NP
into IN B-PP
the DT B-NP
thinking NN I-NP
of IN B-PP
serious JJ B-NP
investors NNS I-NP
on IN B-PP
a DT B-NP
variety NN I-NP
of IN B-PP
other JJ B-NP
topics NNS I-NP
. . O

It PRP B-NP
found VBD B-VP
them PRP B-NP
in IN B-PP
a DT B-NP
cautious JJ I-NP
, , I-NP
but CC I-NP
not RB I-NP
downbeat JJ I-NP
, , I-NP
mood NN I-NP
. . O

Of IN B-PP
1,500 CD B-NP
people NNS I-NP
sent VBD B-VP
a DT B-NP
questionnaire NN I-NP
, , O
951 CD B-NP
replied VBD B-VP
. . O

The DT B-NP
response NN I-NP
rate NN I-NP
, , O
more JJR B-NP
than IN I-NP
63 CD I-NP
% NN I-NP
, , O
allows VBZ B-VP
the DT B-NP
results NNS I-NP
to TO B-VP
be VB I-VP
interpreted VBN I-VP
with IN B-PP
a DT B-NP
high JJ I-NP
degree NN I-NP
of IN B-PP
confidence NN B-NP
. . O

The DT B-NP
results NNS I-NP
ca MD B-VP
n't RB I-VP
be VB I-VP
extrapolated VBN I-VP
to TO B-PP
all DT B-NP
investors NNS I-NP
, , O
though RB B-ADVP
. . O

Journal NN B-NP
readers NNS I-NP
are VBP B-VP
relatively RB B-ADJP
affluent JJ I-ADJP
, , O
with IN B-PP
a DT B-NP
median JJ I-NP
household NN I-NP
income NN I-NP
of IN B-PP
between IN B-NP
$ $ I-NP
75,000 CD I-NP
and CC I-NP
$ $ I-NP
99,000 CD I-NP
. . O

Nearly RB B-NP
half NN I-NP
of IN B-PP
the DT B-NP
respondents NNS I-NP
-LRB- ( O
47 CD B-NP
% NN I-NP
-RRB- ) O
said VBD B-VP
their PRP$ B-NP
investment NN I-NP
portfolio NN I-NP
was VBD B-VP
worth JJ B-ADJP
$ $ B-NP
250,000 CD I-NP
or CC I-NP
more JJR I-NP
, , O
and CC O
17 CD B-NP
% NN I-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
worth JJ B-ADJP
$ $ B-NP
1 CD I-NP
million CD I-NP
or CC I-NP
more JJR I-NP
. . O

The DT B-NP
respondents NNS I-NP
were VBD B-VP
mildly RB B-ADJP
optimistic JJ I-ADJP
about IN B-PP
the DT B-NP
economy NN I-NP
and CC O
investment NN B-NP
markets NNS I-NP
, , O
but CC O
their PRP$ B-NP
collective JJ I-NP
judgments NNS I-NP
were VBD B-VP
a DT B-NP
notch NN I-NP
more RBR B-ADJP
sober JJ I-ADJP
than IN B-SBAR
they PRP B-NP
were VBD B-VP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

For IN B-PP
example NN B-NP
, , O
12 CD B-NP
% NN I-NP
of IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
respondents NNS I-NP
said VBD B-VP
they PRP B-NP
expect VBP B-VP
a DT B-NP
recession NN I-NP
within IN B-PP
12 CD B-NP
months NNS I-NP
. . O

Last JJ B-NP
year NN I-NP
, , O
only RB B-NP
8 CD I-NP
% NN I-NP
were VBD B-VP
expecting VBG I-VP
a DT B-NP
recession NN I-NP
. . O

An DT B-NP
additional JJ I-NP
56 CD I-NP
% NN I-NP
of IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
respondents NNS I-NP
expect VBP B-VP
the DT B-NP
economy NN I-NP
to TO B-VP
slow VB I-VP
down RB B-PRT
during IN B-PP
the DT B-NP
next JJ I-NP
12 CD I-NP
months NNS I-NP
. . O

Only RB B-NP
42 CD I-NP
% NN I-NP
of IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
respondents NNS I-NP
anticipated VBN B-VP
slowing VBG B-NP
growth NN I-NP
. . O

Apparently RB B-ADVP
, , O
the DT B-NP
respondents NNS I-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
that IN B-SBAR
an DT B-NP
economic JJ I-NP
slowdown NN I-NP
would MD B-VP
harm VB I-VP
the DT B-NP
major JJ I-NP
investment NN I-NP
markets NNS I-NP
very RB B-ADVP
much RB I-ADVP
. . O

A DT B-NP
slim JJ I-NP
majority NN I-NP
-LRB- ( O
51 CD B-NP
% NN I-NP
-RRB- ) O
think VBP B-VP
stock NN B-NP
prices NNS I-NP
will MD B-VP
be VB I-VP
higher JJR B-ADJP
in IN B-PP
August NNP B-NP
1990 CD I-NP
than IN B-SBAR
they PRP B-NP
were VBD B-VP
in IN B-PP
August NNP B-NP
1989 CD I-NP
. . O

Their PRP$ B-NP
verdict NN I-NP
on IN B-PP
real JJ B-NP
estate NN I-NP
is VBZ B-VP
almost RB B-ADVP
the DT B-NP
same JJ I-NP
. . O

Some DT B-NP
50 CD I-NP
% NN I-NP
expect VBP B-VP
real JJ B-NP
estate NN I-NP
in IN B-PP
their PRP$ B-NP
local JJ I-NP
area NN I-NP
to TO B-VP
increase VB I-VP
in IN B-PP
value NN B-NP
over IN B-PP
the DT B-NP
next JJ I-NP
12 CD I-NP
months NNS I-NP
. . O

By IN B-PP
contrast NN B-NP
, , O
only RB B-NP
32 CD I-NP
% NN I-NP
expect VBP B-VP
an DT B-NP
increase NN I-NP
in IN B-PP
the DT B-NP
price NN I-NP
of IN B-PP
gold NN B-NP
. . O

Since IN B-SBAR
gold NN B-NP
tends VBZ B-VP
to TO I-VP
soar VB I-VP
when WRB B-ADVP
inflation NN B-NP
is VBZ B-VP
high JJ B-ADJP
, , O
that IN B-NP
finding VBG I-NP
suggests VBZ B-VP
that IN B-SBAR
people NNS B-NP
believe VBP B-VP
inflation NN B-NP
remains VBZ B-VP
under IN B-PP
control NN B-NP
. . O

Even RB B-SBAR
though IN I-SBAR
only RB B-NP
12 CD I-NP
% NN I-NP
actually RB B-ADVP
predicted VBD B-VP
a DT B-NP
recession NN I-NP
, , O
many JJ B-NP
respondents NNS I-NP
were VBD B-VP
taking VBG I-VP
a DT B-NP
better-safe-than JJ I-NP
sorry JJ I-NP
investment NN I-NP
stance NN I-NP
. . O

Nearly RB B-NP
a DT I-NP
third JJ I-NP
said VBD B-VP
they PRP B-NP
have VBP B-VP
made VBN I-VP
some DT B-NP
portfolio NN I-NP
changes NNS I-NP
to TO B-VP
anticipate VB I-VP
a DT B-NP
possible JJ I-NP
recession NN I-NP
. . O

For IN B-PP
the DT B-NP
most RBS I-NP
part NN I-NP
, , O
the DT B-NP
changes NNS I-NP
were VBD B-VP
`` `` O
slight JJ B-ADJP
. . O
'' '' O

The DT B-NP
two-thirds NNS I-NP
who WP B-NP
have VBP B-VP
n't RB I-VP
tried VBN I-VP
to TO I-VP
make VB I-VP
their PRP$ B-NP
portfolios NNS I-NP
more RBR B-ADJP
recession-resistant JJ I-ADJP
were VBD B-VP
split NN I-VP
about IN B-ADVP
evenly RB I-ADVP
between IN B-PP
investors NNS B-NP
who WP B-NP
`` `` O
do VBP B-VP
n't RB I-VP
believe VB I-VP
in IN B-PP
trying VBG B-VP
to TO I-VP
predict VB I-VP
the DT B-NP
markets NNS I-NP
'' '' O
-LRB- ( O
about IN B-NP
31 CD I-NP
% NN I-NP
-RRB- ) O
and CC O
investors NNS B-NP
who WP B-NP
`` `` B-VP
do VBP I-VP
n't RB O
expect VB B-VP
a DT B-NP
recession NN I-NP
'' '' O
-LRB- ( O
about IN B-NP
15 CD I-NP
% NN I-NP
-RRB- ) O
or CC O
are VBP B-VP
`` `` O
unsure JJ B-ADJP
if IN O
and CC O
when WRB B-ADVP
a DT B-NP
recession NN I-NP
might MD B-VP
come VB I-VP
'' '' O
-LRB- ( O
about IN B-NP
22 CD I-NP
% NN I-NP
-RRB- ) O
. . O

A DT B-NP
buy-and-hold JJ I-NP
approach NN I-NP
to TO B-PP
stocks NNS B-NP
continues VBZ B-VP
to TO I-VP
be VB I-VP
the DT B-NP
rule NN I-NP
among IN B-PP
respondents NNS B-NP
. . O

Most JJS B-NP
own JJ B-VP
two CD B-NP
to TO I-NP
10 CD I-NP
stocks NNS I-NP
, , O
and CC O
buy VB B-VP
or CC I-VP
sell VB I-VP
no DT B-ADVP
more JJR I-ADVP
than IN B-PP
three CD B-NP
times VBZ I-NP
a DT B-NP
year NN I-NP
. . O

Some DT B-NP
71 CD I-NP
% NN I-NP
had VBD B-VP
bought VBN I-VP
some DT B-NP
stock NN I-NP
in IN B-PP
the DT B-NP
past JJ I-NP
year NN I-NP
; : O
only RB B-NP
57 CD I-NP
% NN I-NP
had VBD B-VP
sold VBN I-VP
any DT B-NP
. . O

But CC O
the DT B-NP
lurking VBG I-NP
shadow NN I-NP
of IN B-PP
1987 CD B-NP
's POS B-NP
stock-market NN I-NP
crash NN I-NP
still RB B-ADVP
seems VBZ B-VP
dark JJ B-ADJP
. . O

About IN B-NP
33 CD I-NP
% NN I-NP
considered VBD B-VP
another DT B-NP
crash NN I-NP
`` `` O
likely JJ B-ADJP
, , O
'' '' O
while IN B-SBAR
about IN B-NP
63 CD I-NP
% NN I-NP
said VBD B-VP
one CD B-NP
is VBZ B-VP
`` `` O
unlikely JJ B-ADJP
. . O
'' '' O

Those DT B-NP
percentages NNS I-NP
hardly RB B-ADVP
changed VBN B-VP
from IN B-PP
the DT B-NP
previous JJ I-NP
year NN I-NP
's POS B-NP
poll NN I-NP
. . O

And CC O
the DT B-NP
respondents NNS I-NP
' POS B-NP
commitment NN I-NP
to TO B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
remains VBZ B-VP
somewhat RB B-ADJP
lighter JJR I-ADJP
than IN B-PP
usual JJ B-ADJP
. . O

About IN B-NP
60 CD I-NP
% NN I-NP
of IN B-PP
them PRP B-NP
said VBD B-VP
they PRP B-NP
would MD B-VP
`` `` O
ordinarily RB B-ADVP
'' '' O
have VBP B-VP
at IN B-NP
least JJS I-NP
25 CD I-NP
% NN I-NP
of IN B-PP
their PRP$ B-NP
money NN I-NP
in IN B-PP
stocks NNS B-NP
. . O

But CC O
as IN B-PP
of IN B-PP
August NNP B-NP
, , O
only RB B-NP
50 CD I-NP
% NN I-NP
actually RB B-ADVP
had VBD B-VP
stock-market NN B-NP
investments NNS I-NP
of IN B-PP
that DT B-NP
size NN I-NP
. . O

Most JJS B-NP
stock-market NN I-NP
indexes NNS I-NP
were VBD B-VP
hitting VBG I-VP
all-time JJ B-NP
highs NNS I-NP
at IN B-PP
around IN B-NP
the DT I-NP
time NN I-NP
of IN B-PP
the DT B-NP
poll NN I-NP
. . O

But CC O
it PRP B-NP
appears VBZ B-VP
that IN B-SBAR
many JJ B-NP
Journal NNP I-NP
readers NNS I-NP
were VBD B-VP
taking VBG I-VP
that DT B-NP
news NN I-NP
as IN B-PP
a DT B-NP
sign NN I-NP
to TO B-VP
be VB I-VP
cautious JJ B-ADJP
, , O
rather RB B-CONJP
than IN I-CONJP
a DT B-NP
signal NN I-NP
to TO B-VP
jump VB I-VP
on IN B-PP
the DT B-NP
bandwagon NN I-NP
. . O

Mr. NNP B-NP
Dorfman NNP I-NP
covers VBZ B-VP
investing VBG B-NP
issues NNS I-NP
from IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
New NNP I-NP
York NNP I-NP
bureau NN I-NP
. . O

Canadian JJ B-NP
steel NN I-NP
ingot NN I-NP
production NN I-NP
totaled VBD B-VP
276,334 CD B-NP
metric JJ I-NP
tons NNS I-NP
in IN B-PP
the DT B-NP
week NN I-NP
ended VBN B-VP
Oct. NNP B-NP
14 CD I-NP
, , O
down RB B-ADVP
5.3 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
preceding VBG I-NP
week NN I-NP
's POS B-NP
total NN I-NP
of IN B-PP
291,890 CD B-NP
tons NNS I-NP
, , O
Statistics NNP B-NP
Canada NNP I-NP
, , O
a DT B-NP
federal JJ I-NP
agency NN I-NP
, , O
said VBD B-VP
. . O

The DT B-NP
week NN I-NP
's POS B-NP
total NN I-NP
was VBD B-VP
down RB B-ADVP
7.1 CD B-NP
% NN I-NP
from IN B-PP
297,446 CD B-NP
tons NNS I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

A DT B-NP
metric JJ I-NP
ton NN I-NP
is VBZ B-VP
equal JJ B-ADJP
to TO B-PP
2,204.62 CD B-NP
pounds NNS I-NP
. . O

The DT B-NP
cumulative JJ I-NP
total NN I-NP
in IN B-PP
1989 CD B-NP
was VBD B-VP
12,283,217 CD B-NP
tons NNS I-NP
, , O
up IN B-ADVP
7.5 CD B-NP
% NN I-NP
from IN B-PP
11,429,243 CD B-NP
tons NNS I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Health NNP B-NP
Care NNP I-NP
Property NNP I-NP
Investors NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
acquired VBD B-VP
three CD B-NP
long-term JJ I-NP
care NN I-NP
facilities NNS I-NP
and CC O
one CD B-NP
assisted-living JJ I-NP
facility NN I-NP
in IN B-PP
a DT B-NP
purchase-and-lease JJ I-NP
transaction NN I-NP
valued VBN B-VP
at IN B-PP
$ $ B-NP
15 CD I-NP
million CD I-NP
. . O

The DT B-NP
real JJ I-NP
estate NN I-NP
investment NN I-NP
trust NN I-NP
said VBD B-VP
that IN B-SBAR
it PRP B-NP
leased VBD B-VP
the DT B-NP
three CD I-NP
Florida NNP I-NP
facilities NNS I-NP
to TO B-PP
National NNP B-NP
Health NNP I-NP
Care NNP I-NP
Affiliates NNP I-NP
Inc. NNP I-NP
of IN B-PP
Buffalo NNP B-NP
, , O
N.Y NNP B-NP
. . O

Health NNP B-NP
Care NNP I-NP
Property NNP I-NP
holds VBZ B-VP
an DT B-NP
interest NN I-NP
in IN B-PP
139 CD B-NP
facilities NNS I-NP
in IN B-PP
30 CD B-NP
states NNS I-NP
. . O

Moody NNP B-NP
's POS B-NP
Investors NNP I-NP
Service NNP I-NP
said VBD B-VP
it PRP B-NP
lowered VBD B-VP
its PRP$ B-NP
rating NN I-NP
on IN B-PP
about RB B-NP
$ $ I-NP
75 CD I-NP
million CD I-NP
of IN B-PP
this DT B-NP
Chatsworth NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
concern NN I-NP
's POS B-NP
convertible JJ I-NP
subordinated VBN I-NP
debentures NNS I-NP
, , O
due JJ B-ADJP
2012 CD B-NP
, , O
to TO B-PP
Caa NNP B-NP
from IN B-PP
B2 NN B-NP
. . O

It PRP B-NP
said VBD B-VP
the DT B-NP
reduction NN I-NP
reflects VBZ B-VP
impaired VBN B-NP
business NN I-NP
prospects NNS I-NP
and CC O
reduced VBN B-NP
financial JJ I-NP
flexibility NN I-NP
caused VBN B-VP
by IN B-PP
continuing VBG B-NP
losses NNS I-NP
at IN B-PP
the DT B-NP
maker NN I-NP
of IN B-PP
Winchester NNP B-NP
disk NN I-NP
drives NNS I-NP
. . O

VALLEY NNP B-NP
National NNP I-NP
Corp. NNP I-NP
-- : O

Moody NNP B-NP
's POS B-NP
Investors NNP I-NP
Service NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
lowered VBD B-VP
its PRP$ B-NP
rating NN I-NP
on IN B-PP
about RB B-NP
$ $ I-NP
400 CD I-NP
million CD I-NP
of IN B-PP
this DT O
bank NN B-NP
holding VBG I-NP
company NN I-NP
's POS B-NP
senior JJ I-NP
debt NN I-NP
to TO B-PP
B2 NN B-NP
from IN B-PP
Ba3 NN B-NP
. . O

Moody NNP B-NP
's POS I-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
Valley NNP B-NP
National NNP I-NP
, , O
of IN B-PP
Phoenix NNP B-NP
, , O
Ariz. NNP B-NP
, , O
to TO B-VP
make VB I-VP
substantial JJ B-NP
further JJ I-NP
provisions NNS I-NP
against IN B-PP
its PRP$ B-NP
real-estate NN I-NP
portfolio NN I-NP
, , O
and CC O
that IN B-SBAR
it PRP B-NP
continues VBZ B-VP
to TO I-VP
suffer VB I-VP
from IN B-PP
the DT B-NP
high JJ I-NP
cost NN I-NP
of IN B-PP
carrying VBG B-VP
nonperforming JJ B-NP
assets NNS I-NP
, , B-PP
and CC I-PP
from IN B-PP
high JJ B-NP
loan-loss NN I-NP
provisions NNS I-NP
. . O

Electronic JJ B-NP
theft NN I-NP
by IN B-PP
foreign JJ B-NP
and CC I-NP
industrial JJ I-NP
spies NNS I-NP
and CC O
disgruntled JJ B-NP
employees NNS I-NP
is VBZ B-VP
costing VBG I-VP
U.S. NNP B-NP
companies NNS I-NP
billions NNS B-NP
and CC O
eroding VBG B-VP
their PRP$ B-NP
international JJ I-NP
competitive JJ I-NP
advantage NN I-NP
. . O

That DT B-NP
was VBD B-VP
the DT B-NP
message NN I-NP
delivered VBN B-VP
by IN B-PP
government NN B-NP
and CC I-NP
private JJ I-NP
security NN I-NP
experts NNS I-NP
at IN B-PP
an DT B-NP
all-day JJ I-NP
conference NN I-NP
on IN B-PP
corporate JJ B-NP
electronic JJ I-NP
espionage NN I-NP
. . O

`` `` O
Hostile JJ B-NP
and CC I-NP
even RB I-NP
friendly JJ I-NP
nations NNS I-NP
routinely RB B-ADVP
steal VBP B-VP
information NN B-NP
from IN B-PP
U.S. NNP B-NP
companies NNS I-NP
and CC O
share NN B-VP
it PRP B-NP
with IN B-PP
their PRP$ B-NP
own JJ I-NP
companies NNS I-NP
, , O
'' '' O
said VBD B-VP
Noel NNP B-NP
D. NNP I-NP
Matchett NNP I-NP
, , O
a DT B-NP
former JJ I-NP
staffer NN I-NP
at IN B-PP
the DT B-NP
federal JJ I-NP
National NNP I-NP
Security NNP I-NP
Agency NNP I-NP
and CC O
now JJ B-ADVP
president NN B-NP
of IN B-PP
Information NNP B-NP
Security NNP I-NP
Inc. NNP I-NP
, , O
Silver NNP B-NP
Spring NNP I-NP
, , O
Md NNP B-NP
. . O

It PRP B-NP
`` `` O
may MD B-VP
well RB I-VP
be VB I-VP
'' '' O
that DT B-SBAR
theft NN B-NP
of IN B-PP
business NN B-NP
data NNS I-NP
is VBZ B-VP
`` `` O
as IN B-NP
serious JJ I-NP
a DT I-NP
strategic JJ I-NP
threat NN I-NP
to TO B-PP
national JJ B-NP
security NN I-NP
'' '' O
as IN B-SBAR
it PRP B-NP
is VBZ B-VP
a DT B-NP
threat NN I-NP
to TO B-PP
the DT B-NP
survival NN I-NP
of IN B-PP
victimized VBN B-NP
U.S. NNP I-NP
firms NNS I-NP
, , O
said VBD B-VP
Michelle NNP B-NP
Van NNP I-NP
Cleave NNP I-NP
, , O
the DT B-NP
White NNP I-NP
House NNP I-NP
's POS B-NP
assistant NN I-NP
director NN I-NP
for IN B-PP
National NNP B-NP
Security NNP I-NP
Affairs NNP I-NP
. . O

The DT B-NP
conference NN I-NP
was VBD B-VP
jointly RB I-VP
sponsored VBN I-VP
by IN B-PP
the DT O
New NNP O
York NNP O
Institute NNP O
of IN B-PP
Technology NNP B-NP
School NNP B-NP
of IN B-PP
Management NNP B-NP
and CC O
the DT B-NP
Armed NNP I-NP
Forces NNPS I-NP
Communications NNPS I-NP
and CC I-NP
Electronics NNP I-NP
Association NNP I-NP
, , O
a DT B-NP
joint JJ I-NP
industry-government JJ I-NP
trade NN I-NP
group NN I-NP
. . O

Any DT B-NP
secret NN I-NP
can MD B-VP
be VB I-VP
pirated VBN I-VP
, , O
the DT B-NP
experts NNS I-NP
said VBD B-VP
, , O
if IN B-SBAR
it PRP B-NP
is VBZ B-VP
transmitted VBN I-VP
over IN B-PP
the DT B-NP
air NN I-NP
. . O

Even JJ B-NP
rank NN I-NP
amateurs NNS I-NP
can MD B-VP
do VB I-VP
it PRP B-NP
if IN B-SBAR
they PRP B-NP
spend VBP B-VP
a DT B-NP
few JJ I-NP
thousand CD I-NP
dollars NNS I-NP
for IN B-PP
a DT B-NP
commercially RB I-NP
available JJ I-NP
microwave NN I-NP
receiver NN I-NP
with IN B-PP
amplifier NN B-NP
and CC O
a DT B-NP
VCR NNP I-NP
recorder NN I-NP
. . O

They PRP B-NP
need VBP B-VP
only JJ I-VP
position NN I-VP
themselves PRP B-NP
near IN B-PP
a DT B-NP
company NN I-NP
's POS B-NP
satellite NN I-NP
dish NN I-NP
and CC O
wait VB B-VP
. . O

`` `` O
You PRP B-NP
can MD B-VP
have VB I-VP
a DT B-NP
dozen NN I-NP
competitors NNS I-NP
stealing VBG B-VP
your PRP$ B-NP
secrets NNS I-NP
at IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Matchett NNP I-NP
said VBD B-VP
, , O
adding VBG B-VP
: : O
`` `` O
It PRP B-NP
's VBZ B-VP
a DT B-NP
pretty RB I-NP
good JJ I-NP
bet NN I-NP
they PRP B-NP
wo MD B-VP
n't RB I-VP
get VB I-VP
caught VBN I-VP
. . O
'' '' O

The DT B-NP
only JJ I-NP
way NN I-NP
to TO B-VP
catch VB I-VP
an DT B-NP
electronic JJ I-NP
thief NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
is VBZ B-VP
to TO B-VP
set VB I-VP
him PRP B-NP
up IN B-PRT
with IN B-PP
erroneous JJ B-NP
information NN I-NP
. . O

Even RB B-SBAR
though IN I-SBAR
electronic JJ B-NP
espionage NN I-NP
may MD B-VP
cost VB I-VP
U.S. NNP B-NP
firms NNS I-NP
billions NNS B-NP
of IN B-PP
dollars NNS B-NP
a DT B-NP
year NN I-NP
, , O
most RBS B-NP
are VBP B-VP
n't RB I-VP
yet RB I-VP
taking VBG I-VP
precautions NNS B-NP
, , O
the DT B-NP
experts NNS I-NP
said VBD B-VP
. . O

By IN B-PP
contrast NN B-NP
, , O
European JJ B-NP
firms NNS I-NP
will MD B-VP
spend VB I-VP
$ $ B-NP
150 CD I-NP
million CD I-NP
this DT B-NP
year NN I-NP
on IN B-PP
electronic JJ B-NP
security NN I-NP
, , O
and CC O
are VBP B-VP
expected VBN I-VP
to TO I-VP
spend VB I-VP
$ $ B-NP
1 CD I-NP
billion CD I-NP
by IN B-PP
1992 CD B-NP
. . O

Already RB B-ADVP
many JJ B-NP
foreign JJ I-NP
firms NNS I-NP
, , O
especially RB B-ADVP
banks VBZ B-NP
, , O
have VBP B-VP
their PRP$ B-NP
own JJ I-NP
cryptographers NNS I-NP
, , O
conference NN B-NP
speakers NNS I-NP
reported VBD B-VP
. . O

Still RB B-ADVP
, , O
encrypting VBG B-VP
corporate JJ B-NP
communications NNS I-NP
is VBZ B-VP
only RB B-ADVP
a DT B-NP
partial JJ I-NP
remedy NN I-NP
. . O

One CD B-NP
expert NN I-NP
, , O
whose WP$ B-NP
job NN I-NP
is VBZ B-VP
so RB B-ADJP
politically RB I-ADJP
sensitive JJ I-ADJP
that IN B-SBAR
he PRP B-NP
spoke VBD B-VP
on IN B-PP
condition NN B-NP
that IN B-SBAR
he PRP B-NP
would MD B-VP
n't RB I-VP
be VB I-VP
named VBN I-VP
or CC I-VP
quoted VBN I-VP
, , O
said VBD B-VP
the DT B-NP
expected VBN I-NP
influx NN I-NP
of IN B-PP
East NNP B-NP
European JJ I-NP
refugees NNS I-NP
over IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
years NNS I-NP
will MD B-VP
greatly RB I-VP
increase VB I-VP
the DT B-NP
chances NNS I-NP
of IN B-PP
computer-maintenance NN B-NP
workers NNS I-NP
, , O
for IN B-PP
example NN B-NP
, , O
doubling VBG B-VP
as IN B-PP
foreign JJ B-NP
spies NNS I-NP
. . O

Moreover RB B-ADVP
, , O
he PRP B-NP
said VBD B-VP
, , O
technology NN B-NP
now RB B-ADVP
exists VBZ B-VP
for IN B-PP
stealing VBG B-VP
corporate JJ B-NP
secrets NNS I-NP
after IN B-SBAR
they PRP B-NP
've VBP B-VP
been VBN I-VP
`` `` I-VP
erased VBN I-VP
'' '' O
from IN B-PP
a DT B-NP
computer NN I-NP
's POS B-NP
memory NN I-NP
. . O

He PRP B-NP
said VBD B-VP
that IN B-SBAR
Oliver NNP B-NP
North NNP I-NP
of IN B-PP
Iran-Contra NNP B-NP
notoriety NN I-NP
thought VBD B-VP
he PRP B-NP
had VBD B-VP
erased VBN I-VP
his PRP$ B-NP
computer NN I-NP
but CC O
that IN B-SBAR
the DT B-NP
information NN I-NP
was VBD B-VP
later RB I-VP
retrieved VBN I-VP
for IN B-SBAR
congressional JJ B-NP
committees NNS I-NP
to TO B-VP
read VB I-VP
. . O

No DT B-NP
personal JJ I-NP
computer NN I-NP
, , O
not RB B-ADVP
even RB I-ADVP
the DT B-NP
one CD I-NP
on IN B-PP
a DT B-NP
chief JJ I-NP
executive NN I-NP
's POS B-NP
desk NN I-NP
, , O
is VBZ B-VP
safe JJ B-ADJP
, , O
this DT B-NP
speaker NN I-NP
noted VBD B-VP
. . O

W. NNP B-NP
Mark NNP I-NP
Goode NNP I-NP
, , O
president NN B-NP
of IN B-PP
Micronyx NNP B-NP
Inc. NNP I-NP
, , O
a DT B-NP
Richardson NNP I-NP
, , I-NP
Texas NNP I-NP
, , I-NP
firm NN I-NP
that WDT B-NP
makes VBZ B-VP
computer-security JJ B-NP
products NNS I-NP
, , O
provided VBD B-VP
a DT B-NP
new JJ I-NP
definition NN I-NP
for IN B-PP
Mikhail NNP B-NP
Gorbachev NNP I-NP
's POS B-NP
campaign NN I-NP
for IN B-PP
greater JJR B-NP
openness NN I-NP
, , O
known VBN B-VP
commonly RB B-ADVP
as IN B-PP
glasnost FW B-NP
. . O

Under IN B-PP
Mr. NNP B-NP
Gorbachev NNP I-NP
, , O
Mr. NNP B-NP
Goode NNP I-NP
said VBD B-VP
, , O
the DT B-NP
Soviets NNPS I-NP
are VBP B-VP
openly RB I-VP
stealing VBG I-VP
Western JJ B-NP
corporate JJ I-NP
communications NNS I-NP
. . O

He PRP B-NP
cited VBD B-VP
the DT B-NP
case NN I-NP
of IN B-PP
a DT B-NP
Swiss JJ I-NP
oil NN I-NP
trader NN I-NP
who WP B-NP
recently RB B-ADVP
put VB B-VP
out RP B-PRT
bids NNS B-NP
via IN B-PP
telex NN B-NP
for IN B-PP
an DT B-NP
oil NN I-NP
tanker NN I-NP
to TO B-VP
pick VB I-VP
up IN B-PRT
a DT B-NP
cargo NN I-NP
of IN B-PP
crude NN B-NP
in IN B-PP
the DT B-NP
Middle NNP I-NP
East NNP I-NP
. . O

Among IN B-PP
the DT B-NP
responses NNS I-NP
the DT B-NP
Swiss JJ I-NP
trader NN I-NP
got VBD B-VP
was VBD B-VP
one CD B-NP
from IN B-PP
the DT B-NP
Soviet JJ I-NP
national JJ I-NP
shipping NN I-NP
company NN I-NP
, , O
which WDT B-NP
had VBD B-VP
n't RB I-VP
been VBN I-VP
invited VBN I-VP
to TO B-VP
submit VB I-VP
a DT B-NP
bid NN I-NP
. . O

The DT B-NP
Soviets NNPS I-NP
' POS B-NP
eavesdropping NN I-NP
paid VBN B-VP
off IN B-PRT
, , O
however RB B-ADVP
, , O
because IN B-SBAR
they PRP B-NP
got VBD B-VP
the DT B-NP
contract NN I-NP
. . O

The DT B-NP
University NNP I-NP
of IN B-PP
Toronto NNP B-NP
stepped VBD B-VP
deeper JJR B-ADVP
into IN B-PP
the DT B-NP
contest NN I-NP
for IN B-PP
Connaught NNP B-NP
BioSciences NNP I-NP
Inc. NNP I-NP
by IN B-PP
reaching VBG B-VP
an DT B-NP
unusual JJ I-NP
agreement NN I-NP
with IN B-PP
Ciba-Geigy NNP B-NP
Ltd. NNP I-NP
and CC O
Chiron NNP B-NP
Corp NNP I-NP
. . O

The DT B-NP
University NNP I-NP
said VBD B-VP
the DT B-NP
two CD I-NP
companies NNS I-NP
agreed VBD B-VP
to TO I-VP
spend VB I-VP
25 CD B-NP
million CD I-NP
Canadian JJ I-NP
dollars NNS I-NP
-LRB- ( O
$ $ B-NP
21.3 CD I-NP
million CD I-NP
-RRB- ) O
over IN B-PP
10 CD B-NP
years NNS I-NP
on IN B-PP
research NN B-NP
at IN B-PP
Canadian JJ B-NP
universities NNS I-NP
if IN B-SBAR
they PRP B-NP
are VBP B-VP
successful JJ B-ADJP
in IN B-PP
acquiring VBG B-VP
the DT B-NP
vaccine NN I-NP
maker NN I-NP
. . O

It PRP B-NP
said VBD B-VP
$ $ B-NP
10 CD I-NP
million CD I-NP
would MD B-VP
go VB I-VP
to TO B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
Toronto NNP B-NP
. . O

Ciba-Geigy NNP B-NP
and CC O
Chiron NNP B-NP
have VBP B-VP
made VBN I-VP
a DT B-NP
joint JJ I-NP
bid NN I-NP
of IN B-PP
C$ $ B-NP
866 CD I-NP
million CD I-NP
for IN B-PP
Connaught NNP B-NP
, , O
and CC O
Institut NNP B-NP
Merieux NNP I-NP
S.A. NNP I-NP
of IN B-PP
France NNP B-NP
has VBZ B-VP
made VBN I-VP
a DT B-NP
rival JJ I-NP
bid NN I-NP
of IN B-PP
C$ $ B-NP
942 CD I-NP
million CD I-NP
. . O

The DT B-NP
University NNP I-NP
is VBZ B-VP
seeking VBG I-VP
an DT B-NP
injunction NN I-NP
against IN B-PP
the DT B-NP
Merieux NNP I-NP
bid NN I-NP
, , O
arguing VBG B-VP
that IN B-SBAR
Connaught NNP B-NP
's POS B-NP
predecessor NN I-NP
company NN I-NP
agreed VBD B-VP
in IN B-PP
1972 CD B-NP
that IN B-SBAR
Connaught NNP B-NP
's POS B-NP
ownership NN I-NP
would MD B-VP
n't RB I-VP
be VB I-VP
transferred VBN I-VP
to TO B-PP
foreigners NNS B-NP
. . O

The DT B-NP
university NN I-NP
implied VBN B-VP
that IN B-SBAR
it PRP B-NP
would MD B-VP
drop VB I-VP
its PRP$ B-NP
opposition NN I-NP
to TO B-PP
foreign JJ B-NP
ownership NN I-NP
if IN B-SBAR
Ciba-Geigy NNP B-NP
and CC O
Chiron NNP B-NP
are VBP B-VP
successful JJ B-ADJP
with IN B-PP
their PRP$ B-NP
lower JJR I-NP
bid NN I-NP
. . O

It PRP B-NP
said VBD B-VP
the DT B-NP
new JJ I-NP
agreement NN I-NP
would MD B-VP
`` `` I-VP
replace VB I-VP
'' '' O
the DT B-NP
old JJ I-NP
one CD I-NP
that IN B-NP
forms VBZ B-VP
the DT B-NP
basis NN I-NP
of IN B-PP
its PRP$ B-NP
suit NN I-NP
against IN B-PP
the DT B-NP
Merieux NNP I-NP
takeover NN I-NP
. . O

`` `` O
Notwithstanding IN B-PP
foreign JJ B-NP
ownership NN I-NP
of IN B-PP
Connaught NNP B-NP
, , O
this DT B-NP
accord NN I-NP
would MD B-VP
enhance VB I-VP
research NN B-NP
and CC I-NP
development NN I-NP
in IN B-PP
Canada NNP B-NP
, , O
'' '' O
said VBD B-VP
James NNP B-NP
Keffer NNP I-NP
, , O
the DT B-NP
university NN I-NP
's POS B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
research NN B-NP
. . O

Ciba-Geigy NNP B-NP
is VBZ B-VP
a DT B-NP
Swiss JJ I-NP
pharmaceutical JJ I-NP
company NN I-NP
and CC O
Chiron NNP B-NP
is VBZ B-VP
based VBN I-VP
in IN B-PP
Emeryville NNP B-NP
, , O
Calif NNP B-NP
. . O

In IN B-PP
a DT B-NP
statement NN I-NP
, , O
Jacques-Francois NNP B-NP
Martin NNP I-NP
, , O
director NN B-NP
general NN I-NP
of IN B-PP
Merieux NNP B-NP
, , O
said VBD B-VP
the DT B-NP
French JJ I-NP
company NN I-NP
is VBZ B-VP
still RB B-ADVP
determined VBN B-ADJP
to TO B-VP
acquire VB I-VP
Connaught NNP B-NP
. . O

While IN B-SBAR
he PRP B-NP
did VBD B-VP
n't RB I-VP
comment VB I-VP
directly RB B-ADVP
on IN B-PP
the DT B-NP
pact NN I-NP
between IN B-PP
Ciba-Geigy NNP B-NP
and CC O
the DT B-NP
university NN I-NP
, , O
he PRP B-NP
said VBD B-VP
Merieux NNP B-NP
can MD B-VP
transfer VB I-VP
new JJ B-NP
products NNS I-NP
and CC I-NP
technologies NNS I-NP
to TO B-PP
Connaught NNP B-NP
more RBR B-ADVP
rapidly RB I-ADVP
than IN B-PP
other JJ B-NP
companies NNS I-NP
`` `` O
not RB B-VP
currently RB I-VP
producing VBG I-VP
and CC I-VP
marketing NN I-VP
vaccines NNS B-NP
-LCB- ( O
who WP B-NP
-RCB- ) O
can MD B-VP
only RB I-VP
promise VB I-VP
this DT B-NP
for IN B-PP
some DT B-NP
... : I-NP
years NNS I-NP
in IN B-PP
the DT B-NP
future NN I-NP
. . O
'' '' O

In IN B-PP
national JJ B-NP
over-the-counter JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
Connaught NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
28.625 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.25 CD I-NP
. . O

Microsoft NNP B-NP
and CC O
other JJ B-NP
software NN I-NP
stocks NNS I-NP
surged VBD B-VP
, , O
leading VBG B-VP
the DT B-NP
Nasdaq NNP I-NP
composite JJ I-NP
index NN I-NP
of IN B-PP
over-the-counter JJ B-NP
stocks NNS I-NP
to TO B-PP
its PRP$ B-NP
biggest JJS I-NP
advance NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
on IN B-PP
breathtaking JJ B-NP
volume NN I-NP
. . O

Leading VBG B-VP
the DT B-NP
pack NN I-NP
, , O
Microsoft NNP B-NP
soared VBD B-VP
3 CD B-NP
3\/4 CD I-NP
, , O
or CC O
4 CD B-NP
% NN I-NP
, , O
to TO B-PP
a DT B-NP
record NN I-NP
price NN I-NP
of IN B-PP
84 CD B-NP
1\/4 CD I-NP
on IN B-PP
1.2 CD B-NP
million CD I-NP
shares NNS I-NP
. . O

On IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
Valley NNP B-NP
National NNP I-NP
tumbled VBD B-VP
24 CD B-NP
% NN I-NP
after IN B-PP
reporting VBG B-VP
a DT B-NP
sizable JJ I-NP
third-quarter JJ I-NP
loss NN I-NP
. . O

The DT B-NP
Nasdaq NNP I-NP
composite NN I-NP
leaped VBD B-VP
7.52 CD B-NP
points NNS I-NP
, , O
or CC O
1.6 CD B-NP
% NN I-NP
, , O
to TO B-PP
470.80 CD B-NP
. . O

Its PRP$ B-NP
largest JJS I-NP
previous JJ I-NP
rise NN I-NP
this DT B-NP
year NN I-NP
came VBD B-VP
Aug. NNP B-NP
7 CD I-NP
, , O
when WRB B-ADVP
it PRP B-NP
gained VBD B-VP
4.31 CD B-NP
. . O

The DT B-NP
OTC NNP I-NP
market NN I-NP
's POS B-NP
largest JJS I-NP
stocks NNS I-NP
soared VBD B-VP
as IN B-ADVP
well RB I-ADVP
, , O
as IN B-SBAR
the DT B-NP
Nasdaq NNP I-NP
100 CD I-NP
Index NNP B-NP
jumped VBD B-VP
10.01 CD B-NP
, , O
or CC O
2 CD B-NP
% NN I-NP
, , O
to TO B-PP
463.06 CD B-NP
. . O

The DT B-NP
Nasdaq NNP I-NP
Financial NNP I-NP
Index NNP I-NP
rose VBD B-VP
5.04 CD B-NP
, , O
or CC O
1.1 CD B-NP
% NN I-NP
, , O
to TO B-PP
460.33 CD B-NP
. . O

By IN B-PP
comparison NN B-NP
, , O
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrials NNP I-NP
and CC O
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
Composite NNP I-NP
each DT B-NP
rose VBD B-VP
1.5 CD B-NP
% NN I-NP
. . O

Volume NN B-NP
totaled VBD B-VP
173.5 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
30 CD B-NP
% NN I-NP
above IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
average JJ I-NP
daily JJ I-NP
turnover NN I-NP
on IN B-PP
Nasdaq NNP B-NP
. . O

Among IN B-PP
broader JJR B-NP
Nasdaq NNP I-NP
industry NN I-NP
groups NNS I-NP
, , O
the DT B-NP
utility NN I-NP
index NN I-NP
gained VBD B-VP
18.11 CD B-NP
to TO B-PP
761.38 CD B-NP
. . O

The DT B-NP
transportation NN I-NP
and CC I-NP
insurance NN I-NP
sectors NNS I-NP
each DT B-NP
posted VBD B-VP
gains NNS B-NP
of IN B-PP
8.59 CD B-NP
, , O
with IN B-PP
the DT B-NP
transports NNS I-NP
finishing VBG B-VP
at IN B-PP
486.74 CD B-NP
and CC O
the DT B-NP
insurers NNS I-NP
at IN B-PP
537.91 CD B-NP
. . O

The DT B-NP
Nasdaq NNP I-NP
industrial JJ I-NP
index NN I-NP
climbed VBD B-VP
8.17 CD B-NP
to TO B-PP
458.52 CD B-NP
, , O
and CC O
the DT B-NP
`` `` I-NP
other JJ I-NP
finance NN I-NP
'' '' I-NP
index NN I-NP
, , O
made VBN B-VP
up IN B-PRT
of IN B-PP
commercial JJ B-NP
banks NNS I-NP
and CC O
real JJ B-NP
estate NN I-NP
and CC I-NP
brokerage NN I-NP
firms NNS I-NP
, , O
rose VBD B-VP
3.97 CD B-NP
to TO B-PP
545.96 CD B-NP
. . O

The DT B-NP
index NN I-NP
of IN B-PP
smaller JJR B-NP
banks NNS I-NP
improved VBN B-VP
1.97 CD B-NP
. . O

Of IN B-PP
the DT B-NP
4,346 CD I-NP
issues NNS I-NP
that WDT B-NP
changed VBD B-VP
hands NNS B-NP
, , O
1,435 CD B-NP
rose VBD B-VP
and CC O
629 CD B-NP
fell VBD B-VP
. . O

Jeremiah NNP B-NP
Mullins NNP I-NP
, , O
head NN B-NP
of IN B-PP
OTC NNP B-NP
trading NN I-NP
at IN B-PP
Dean NNP B-NP
Witter NNP I-NP
Reynolds NNP I-NP
, , O
said VBD B-VP
both DT B-NP
institutional JJ I-NP
and CC I-NP
retail JJ I-NP
investors NNS I-NP
were VBD B-VP
buying VBG I-VP
. . O

But CC O
there EX B-NP
was VBD B-VP
a DT B-NP
dearth NN I-NP
of IN B-PP
sellers NNS B-NP
, , O
traders NNS B-NP
said VBD B-VP
, , O
so RB O
buyers NNS B-NP
had VBD B-VP
to TO I-VP
bid VB I-VP
prices NNS B-NP
up VB B-ADVP
to TO B-VP
entice VB I-VP
them PRP B-NP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
no DT B-NP
pressure NN I-NP
on IN B-PP
OTC NNP B-NP
stocks NNS I-NP
at IN B-PP
this DT B-NP
point NN I-NP
, , O
'' '' O
said VBD B-VP
Mr. NNP B-NP
Mullins NNP I-NP
, , O
who WP B-NP
said VBD B-VP
some DT B-NP
buyers NNS I-NP
are VBP B-VP
beginning VBG I-VP
to TO I-VP
shop VB I-VP
among IN B-PP
smaller JJR B-NP
OTC NNP I-NP
issues NNS I-NP
. . O

Microsoft NNP B-NP
's POS B-NP
surge NN I-NP
followed VBD B-VP
a DT B-NP
report NN I-NP
this DT B-NP
week NN I-NP
of IN B-PP
substantially RB B-NP
improved VBN I-NP
earnings NNS I-NP
for IN B-PP
its PRP$ B-NP
first JJ I-NP
quarter NN I-NP
, , O
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
. . O

The DT B-NP
stock NN I-NP
was VBD B-VP
trading VBG I-VP
at IN B-PP
69 CD B-NP
just RB B-NP
two CD I-NP
weeks NNS I-NP
ago RB B-ADVP
. . O

Rick NNP B-NP
Sherlund NNP I-NP
, , O
a DT B-NP
Goldman NNP I-NP
Sachs NNP I-NP
analyst NN I-NP
, , O
has VBZ B-VP
raised VBN I-VP
his PRP$ B-NP
earnings NNS I-NP
estimates NNS B-NP
for IN B-PP
the DT B-NP
company NN I-NP
twice RB B-ADVP
in IN B-PP
the DT B-NP
past JJ I-NP
two CD I-NP
weeks NNS I-NP
, , O
citing VBG B-VP
improved VBN B-NP
margins NNS I-NP
. . O

After IN B-SBAR
the DT B-NP
earnings NNS I-NP
were VBD B-VP
announced VBN I-VP
, , O
he PRP B-NP
raised VBD B-VP
his PRP$ B-NP
fiscal JJ I-NP
1990 CD I-NP
estimate NN I-NP
to TO B-PP
between IN B-NP
$ $ I-NP
3.80 CD I-NP
and CC I-NP
$ $ I-NP
4 CD I-NP
a DT B-NP
share NN I-NP
. . O

Microsoft NNP B-NP
earned VBD B-VP
$ $ B-NP
3.03 CD I-NP
a DT B-NP
share NN I-NP
in IN B-PP
fiscal JJ B-NP
1989 CD I-NP
. . O

Among IN B-PP
other JJ B-NP
software NN I-NP
issues NNS I-NP
, , O
Autodesk NNP B-NP
jumped VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
42 CD B-NP
, , O
Lotus NNP B-NP
Development NNP I-NP
was VBD B-VP
unchanged JJ B-ADJP
at IN B-PP
32 CD B-NP
1\/2 CD I-NP
, , O
Novell NNP B-NP
jumped VBD B-VP
7\/8 CD B-NP
to TO B-PP
30 CD B-NP
3\/4 CD I-NP
, , O
Ashton-Tate NNP B-NP
gained VBD B-VP
1\/4 CD B-NP
to TO B-PP
10 CD B-NP
5\/8 CD I-NP
, , O
and CC O
Oracle NNP B-NP
Systems NNP I-NP
rose VBD B-VP
3\/4 CD B-NP
to TO B-PP
25 CD B-NP
3\/4 CD I-NP
. . O

Caere NNP B-NP
, , O
a DT B-NP
new JJ I-NP
software NN I-NP
issue NN I-NP
, , O
surged VBD B-VP
from IN B-PP
its PRP$ B-NP
offering NN I-NP
price NN I-NP
of IN B-PP
12 CD B-NP
to TO B-VP
close VB I-VP
at IN B-PP
16 CD B-NP
1\/8 CD I-NP
. . O

The DT B-NP
company NN I-NP
also RB B-ADVP
makes VBZ B-VP
optical JJ B-NP
character NN I-NP
recognition NN I-NP
equipment NN I-NP
. . O

Caere NNP B-NP
was VBD B-VP
underwritten VBN I-VP
by IN B-PP
Alex NNP B-NP
. . I-NP
Brown NNP I-NP
& CC I-NP
Sons NNP I-NP
. . O

Another DT B-NP
recently RB I-NP
offered VBN I-NP
Alex NNP I-NP
. . I-NP
Brown NNP I-NP
issue NN I-NP
, , O
Rally NNP B-NP
's POS B-NP
, , O
surged VBD B-VP
3 CD B-NP
1\/8 CD I-NP
to TO B-PP
23 CD B-NP
. . O

The DT B-NP
operator NN I-NP
of IN B-PP
fast-food NN B-NP
restaurants NNS I-NP
, , O
whose WP$ B-NP
shares NNS I-NP
began VBD B-VP
trading NN I-VP
last JJ B-NP
Friday NNP I-NP
, , O
climbed VBD B-VP
3 CD B-NP
1\/8 CD I-NP
to TO B-PP
23 CD B-NP
on IN B-PP
944,000 CD B-NP
shares NNS I-NP
. . O

Its PRP$ B-NP
1.7 CD I-NP
million-share JJ I-NP
offering NN I-NP
was VBD B-VP
priced VBN I-VP
at IN B-PP
15 CD B-NP
. . O

Valley NNP B-NP
National NNP I-NP
's POS B-NP
slide NN I-NP
of IN B-PP
5 NN B-NP
3\/4 CD I-NP
points NNS I-NP
to TO B-PP
18 CD B-NP
1\/2 CD I-NP
on IN B-PP
4.2 CD B-NP
million CD I-NP
shares NNS I-NP
followed VBD B-VP
its PRP$ B-NP
report NN I-NP
late JJ B-NP
Wednesday NNP I-NP
of IN B-PP
a DT B-NP
$ $ I-NP
72.2 CD I-NP
million CD I-NP
third-quarter JJ I-NP
loss NN I-NP
. . O

In IN B-PP
the DT B-NP
1988 CD I-NP
quarter NN I-NP
, , O
the DT B-NP
Phoenix NNP I-NP
, , I-NP
Ariz. NNP I-NP
, , I-NP
commercial JJ I-NP
banking NN I-NP
concern NN I-NP
earned VBD B-VP
$ $ B-NP
18.7 CD I-NP
million CD I-NP
. . O

Valley NNP B-NP
National NNP I-NP
said VBD B-VP
its PRP$ O
$ $ O
110 CD O
million CD O
provision NN O
for IN B-PP
credit NN B-NP
losses NNS I-NP
and CC B-NP
$ $ I-NP
11 CD I-NP
million CD I-NP
provision NN I-NP
for IN B-PP
other JJ B-NP
real JJ I-NP
estate NN I-NP
owned VBN B-VP
is VBZ B-VP
related VBN I-VP
to TO B-PP
weakness NN B-NP
in IN B-PP
the DT B-NP
Arizona NNP I-NP
real JJ I-NP
estate NN I-NP
market NN I-NP
. . O

Additionally RB B-ADVP
, , O
Moody NNP B-NP
's POS B-NP
Investors NNP I-NP
Service NNP I-NP
said VBD B-VP
it PRP B-NP
downgraded VBD B-VP
Valley NNP B-NP
National NNP I-NP
's POS B-NP
senior JJ I-NP
debt NN I-NP
and CC O
confirmed VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
commercial JJ I-NP
paper NN I-NP
rating NN I-NP
of IN B-PP
`` `` O
not RB B-ADJP
prime JJ I-ADJP
. . O
'' '' O

A DT B-NP
new JJ I-NP
issue NN I-NP
, , O
Exabyte NNP B-NP
, , O
surged VBD B-VP
2 CD B-NP
1\/8 CD I-NP
from IN B-PP
its PRP$ B-NP
initial JJ I-NP
offering NN I-NP
price NN I-NP
to TO B-VP
close VB I-VP
at IN B-PP
12 CD B-NP
1\/8 CD I-NP
. . O

The DT B-NP
offering NN I-NP
was VBD B-VP
for IN B-PP
about IN B-NP
2.8 CD I-NP
million CD I-NP
shares NNS I-NP
of IN B-PP
the DT B-NP
data NNS I-NP
storage NN I-NP
equipment NN I-NP
maker NN I-NP
; : O
more JJR B-NP
than IN I-NP
2.2 CD I-NP
million CD I-NP
shares NNS I-NP
changed VBD B-VP
hands NNS B-NP
after IN B-SBAR
trading NN B-NP
began VBD B-VP
. . O

Dell NNP B-NP
Computer NNP I-NP
dropped VBD B-VP
7\/8 CD B-NP
to TO B-PP
6 CD B-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
earnings NNS B-NP
for IN B-PP
the DT B-NP
year NN I-NP
ending VBG B-VP
Jan. NNP B-NP
28 CD I-NP
, , I-NP
1990 CD I-NP
, , O
are VBP B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
25 CD B-NP
to TO I-NP
35 CD I-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
a DT B-NP
previous JJ I-NP
estimate NN I-NP
of IN B-PP
50 CD B-NP
to TO I-NP
60 CD I-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Nutmeg NNP B-NP
Industries NNPS I-NP
lost VBD B-VP
1 CD B-NP
3\/4 CD I-NP
to TO B-PP
14 CD B-NP
. . O

Raymond NNP B-NP
James NNP I-NP
& CC I-NP
Associates NNPS I-NP
in IN B-PP
St. NNP B-NP
Petersburg NNP I-NP
, , O
Fla. NNP B-NP
, , O
lowered VBD B-VP
its PRP$ B-NP
third-quarter JJ I-NP
earnings NNS I-NP
estimate NN B-NP
for IN B-PP
the DT B-NP
company NN I-NP
, , O
according VBG B-PP
to TO B-PP
Dow NNP B-NP
Jones NNP I-NP
Professional NNP I-NP
Investor NNP I-NP
Report NNP I-NP
. . O

A.P. NNP B-NP
Green NNP I-NP
Industries NNPS I-NP
advanced VBD B-VP
1 CD B-NP
5\/8 CD I-NP
to TO B-PP
36 CD B-NP
1\/8 CD I-NP
. . O

East NNP B-NP
Rock NNP I-NP
Partners NNPS I-NP
, , O
which WDT B-NP
has VBZ B-VP
indicated VBN I-VP
it PRP B-NP
might MD B-VP
make VB I-VP
a DT B-NP
bid NN I-NP
for IN B-PP
the DT B-NP
company NN I-NP
, , O
said VBD B-VP
A.P. NNP B-NP
Green NNP I-NP
, , O
a DT B-NP
refractory JJ I-NP
products NNS I-NP
maker NN I-NP
, , O
told VBD B-VP
the DT B-NP
partnership NN I-NP
it PRP B-NP
is VBZ B-VP
n't RB O
for IN B-PP
sale NN B-NP
. . O

Row NNP B-NP
21 CD I-NP
of IN B-PP
Section NN B-NP
9 CD I-NP
of IN B-PP
the DT B-NP
Upper NNP I-NP
Reserved NNP I-NP
at IN B-PP
Candlestick NNP B-NP
Park NNP I-NP
is VBZ B-VP
a DT B-NP
lofty JJ I-NP
perch NN I-NP
, , O
only RB B-NP
a DT I-NP
few JJ I-NP
steps NNS I-NP
from IN B-PP
the DT B-NP
very JJ I-NP
top NN I-NP
of IN B-PP
the DT B-NP
stands NNS I-NP
. . O

From IN B-PP
my PRP$ B-NP
orange JJ I-NP
seat NN I-NP
, , O
I PRP B-NP
looked VBD B-VP
over IN B-PP
the DT B-NP
first-base JJ I-NP
line NN I-NP
and CC O
the DT B-NP
new-mown JJ I-NP
ball NN I-NP
field NN I-NP
in IN B-PP
the DT B-NP
warm JJ I-NP
sun NN I-NP
of IN B-PP
the DT B-NP
last JJ I-NP
few JJ I-NP
minutes NNS I-NP
before IN B-PP
what WP B-NP
was VBD B-VP
to TO I-VP
have VB I-VP
been VBN I-VP
the DT B-NP
third JJ I-NP
game NN I-NP
of IN B-PP
the DT B-NP
World NNP I-NP
Series NNP I-NP
. . O

It PRP B-NP
was VBD B-VP
five CD B-NP
in IN B-PP
the DT B-NP
afternoon NN I-NP
, , O
but CC O
that DT B-NP
was VBD B-VP
Pacific NNP B-NP
time NN I-NP
. . O

Back RB B-ADVP
in IN B-PP
New NNP B-NP
York NNP I-NP
the DT B-NP
work NN I-NP
day NN I-NP
was VBD B-VP
already RB B-ADVP
over IN I-ADVP
, , O
so IN O
I PRP B-NP
did VBD B-VP
n't RB I-VP
have VB I-VP
to TO I-VP
feel VB I-VP
guilty JJ B-ADJP
. . O

Even RB B-ADVP
still RB I-ADVP
, , O
I PRP B-NP
did VBD B-VP
feel VB I-VP
self-indulgent JJ B-ADJP
, , O
and CC O
I PRP B-NP
could MD B-VP
n't RB I-VP
help VB I-VP
remembering VBG I-VP
my PRP$ B-NP
father NN I-NP
's POS B-NP
contempt NN I-NP
for IN B-PP
a DT B-NP
rich JJ I-NP
medical JJ I-NP
colleague NN I-NP
who WP B-NP
would MD B-VP
go VB I-VP
to TO I-VP
watch VB I-VP
the DT B-NP
Tigers NNP I-NP
on IN B-PP
summer NN B-NP
afternoons NNS I-NP
. . O

This DT B-NP
ballpark NN I-NP
, , O
the DT B-NP
Stick NNP I-NP
, , O
was VBD B-VP
not RB O
a DT B-NP
classic JJ I-NP
baseball NN I-NP
stadium NN I-NP
-- : O
too RB B-ADJP
symmetrical JJ I-ADJP
, , O
too RB B-NP
much JJ I-NP
bald JJ I-NP
concrete NN I-NP
. . O

And CC O
it PRP B-NP
did VBD B-VP
n't RB I-VP
have VB I-VP
the DT B-NP
crowded VBN I-NP
wild JJ I-NP
intimacy NN I-NP
of IN B-PP
Yankee NNP B-NP
Stadium NNP I-NP
. . O

But CC O
I PRP B-NP
liked VBD B-VP
the DT B-NP
easy JJ I-NP
friendliness NN I-NP
of IN B-PP
the DT B-NP
people NNS I-NP
around IN B-PP
me PRP B-NP
, , O
liked VBD B-VP
it PRP B-NP
that IN B-SBAR
they PRP B-NP
'd MD B-VP
brought VBN I-VP
their PRP$ B-NP
children NNS I-NP
, , O
found VBD B-VP
it PRP B-NP
charming JJ B-ADJP
that IN B-SBAR
, , O
true JJ B-NP
citizens NNS I-NP
of IN B-PP
the DT B-NP
state NN I-NP
of IN B-PP
the DT B-NP
future NN I-NP
, , O
they PRP B-NP
had VBD B-VP
brought VBN I-VP
so RB B-NP
many JJ I-NP
TVs NNS I-NP
and CC I-NP
radios NNS I-NP
to TO B-VP
stay VB I-VP
in IN B-PP
touch NN B-NP
with IN B-PP
electroreality NN B-NP
at IN B-PP
a DT B-NP
live JJ I-NP
event NN I-NP
. . O

Maybe RB B-ADVP
it PRP B-NP
was VBD B-VP
their PRP$ B-NP
peculiar JJ I-NP
sense NN I-NP
of IN B-PP
history NN B-NP
. . O

The DT B-NP
broadcasters NNS I-NP
were VBD B-VP
, , O
after IN B-PP
all DT B-NP
, , O
documenting VBG B-VP
the DT B-NP
game NN I-NP
, , O
ratifying VBG B-VP
its PRP$ B-NP
occurrence NN I-NP
for IN B-PP
millions NNS B-NP
outside IN B-PP
the DT B-NP
Stick NNP I-NP
. . O

Why WRB B-ADVP
not RB O
watch VB B-VP
or CC I-VP
hear VB I-VP
your PRP$ B-NP
experience NN I-NP
historicized VBN B-VP
while IN B-SBAR
you PRP B-NP
were VBD B-VP
living VBG I-VP
it PRP B-NP
? . O

The DT B-NP
day NN I-NP
was VBD B-VP
saturated VBN I-VP
with IN B-PP
the DT B-NP
weight NN I-NP
of IN B-PP
its PRP$ B-NP
own JJ I-NP
impending JJ I-NP
history NN I-NP
. . O

Long JJ B-NP
lines NNS I-NP
of IN B-PP
people NNS B-NP
waited VBD B-VP
to TO I-VP
buy VB I-VP
special JJ B-NP
souvenir NN I-NP
World NNP I-NP
Series NNP I-NP
postcards NNS I-NP
with IN B-PP
official JJ B-NP
postmarks NNS I-NP
. . O

Thousands NNS B-NP
of IN B-PP
us PRP B-NP
had VBD B-VP
paid VBN I-VP
$ $ B-NP
5 NN I-NP
for IN B-PP
the DT B-NP
official JJ I-NP
souvenir NN I-NP
book NN I-NP
with IN B-PP
its PRP$ B-NP
historical JJ I-NP
essays NNS I-NP
on IN B-PP
Series NNP B-NP
trivia NNS I-NP
, , O
its PRP$ B-NP
historical JJ I-NP
photographs NNS I-NP
of IN B-PP
great JJ B-NP
moments NNS I-NP
in IN B-PP
Series NNP B-NP
past JJ I-NP
, , O
and CC O
its PRP$ B-NP
instructions NNS I-NP
, , O
in IN B-PP
English NNP B-NP
and CC I-NP
Spanish JJ I-NP
, , O
for IN B-PP
filling VBG B-VP
in IN B-PRT
the DT B-NP
scorecard NN I-NP
. . O

Pitcher NN B-NP
= SYM B-VP
lanzador FW B-NP
. . O

Homerun NN B-NP
= SYM B-VP
jonron FW B-NP
. . O

Players NNS B-NP
ran VBD B-VP
out IN B-ADVP
on IN B-PP
the DT B-NP
field NN I-NP
way NN B-ADVP
below IN I-ADVP
, , O
and CC O
the DT B-NP
stands NNS I-NP
began VBD B-VP
to TO I-VP
reverberate VB I-VP
. . O

It PRP B-NP
must MD B-VP
be VB I-VP
a DT B-NP
local JJ I-NP
custom NN I-NP
, , O
I PRP B-NP
thought VBD B-VP
, , O
stamping VBG B-VP
feet NNS B-NP
to TO B-VP
welcome VB I-VP
the DT B-NP
team NN I-NP
. . O

But CC O
then RB B-ADVP
the DT B-NP
noise NN I-NP
turned VBD B-VP
into IN B-PP
a DT B-NP
roar NN I-NP
. . O

And CC O
no DT B-NP
one CD I-NP
was VBD B-VP
shouting VBG I-VP
. . O

No DT B-NP
one CD I-NP
around IN B-PP
me PRP B-NP
was VBD B-VP
saying VBG I-VP
anything NN B-NP
. . O

Because IN B-SBAR
we PRP B-NP
all DT B-NP
were VBD B-VP
busy JJ B-ADJP
riding VBG B-VP
a DT B-NP
wave NN I-NP
. . O

Sixty CD B-NP
thousand CD I-NP
surfers NNS I-NP
atop IN B-PP
a DT B-NP
concrete JJ I-NP
wall NN I-NP
, , O
waiting VBG B-VP
for IN B-PP
the DT B-NP
wipeout NN I-NP
. . O

Only RB B-ADVP
at IN B-PP
the DT B-NP
moment NN I-NP
of IN B-PP
maximum JJ B-NP
roll NN I-NP
did VBD O
I PRP B-NP
grasp VBP B-VP
what WP B-NP
was VBD B-VP
going VBG I-VP
on RB B-PRT
. . O

Then RB B-ADVP
I PRP B-NP
remembered VBD B-VP
the DT B-NP
quake NN I-NP
of IN B-PP
'71 CD B-NP
, , O
which WDT B-NP
I PRP B-NP
experienced VBD B-VP
in IN B-PP
Santa NNP B-NP
Barbara NNP I-NP
in IN B-PP
a DT B-NP
second-story JJ I-NP
motel NN I-NP
room NN I-NP
. . O

When WRB B-ADVP
the DT B-NP
swaying NN I-NP
of IN B-PP
the DT B-NP
building NN I-NP
woke VBD B-VP
me PRP B-NP
up IN B-PRT
, , O
I PRP B-NP
reasoned VBD B-VP
that IN B-SBAR
a DT B-LST
-RRB- ) O
I PRP B-NP
was VBD B-VP
in IN B-PP
Southern NNP B-NP
California NNP I-NP
; : O
b NN B-LST
-RRB- ) O
the DT B-NP
bed NN I-NP
was VBD B-VP
moving VBG I-VP
; : O
c NN B-LST
-RRB- ) O
it PRP B-NP
must MD B-VP
be VB I-VP
a DT B-NP
Magic NNP I-NP
Fingers NNP I-NP
bed NN I-NP
that WDT B-NP
had VBD B-VP
short-circuited VBN I-VP
. . O

Then RB B-ADVP
I PRP B-NP
noticed VBD B-VP
the DT B-NP
overhead JJ I-NP
light NN I-NP
was VBD B-VP
swaying VBG I-VP
on IN B-PP
its PRP$ B-NP
cord NN I-NP
and CC O
realized VBD B-VP
what WP B-NP
had VBD B-VP
happened VBN I-VP
. . O

What WP B-NP
should MD O
I PRP B-NP
do VB B-VP
? . O

Get VB B-VP
out IN B-PP
of IN B-PP
the DT B-NP
possibly RB I-NP
collapsing VBG I-NP
building NN I-NP
to TO B-PP
the DT B-NP
parking NN I-NP
lot NN I-NP
. . O

But CC O
the DT B-NP
lot NN I-NP
might MD B-VP
split VB I-VP
into IN B-PP
crevasses NNS B-NP
, , O
so IN O
I PRP B-NP
had VBD B-VP
better JJR I-VP
stand VB I-VP
on IN B-PP
my PRP$ B-NP
car NN I-NP
, , O
which WDT B-NP
probably RB B-ADVP
was VBD B-VP
wider JJR B-ADJP
than IN B-PP
the DT B-NP
average JJ I-NP
crevasse NN I-NP
. . O

Fortunately RB B-ADVP
, , O
the DT B-NP
quake NN I-NP
was VBD B-VP
over IN B-ADVP
before IN B-SBAR
I PRP B-NP
managed VBD B-VP
to TO I-VP
run VB I-VP
out IN B-ADVP
and CC O
stand NN B-VP
naked JJ B-ADJP
on IN B-PP
the DT B-NP
hood NN I-NP
. . O

At IN B-PP
the DT B-NP
Stick NNP I-NP
, , O
while IN B-SBAR
the DT B-NP
world NN I-NP
shook VBD B-VP
, , O
I PRP B-NP
thought VBD B-VP
of IN B-PP
that DT B-NP
morning NN I-NP
and CC O
then RB B-ADVP
it PRP B-NP
struck VBD B-VP
me PRP B-NP
that IN B-SBAR
this DT B-NP
time NN I-NP
was VBD B-VP
different JJ B-ADJP
. . O

If IN B-SBAR
I PRP B-NP
survived VBD B-VP
, , O
I PRP B-NP
would MD B-VP
have VB I-VP
achieved VBN I-VP
every DT B-NP
journalist NN I-NP
's POS B-NP
highest JJS I-NP
wish VBP I-NP
. . O

I PRP B-NP
was VBD B-VP
an DT B-NP
eyewitness NN I-NP
of IN B-PP
the DT B-NP
most RBS I-NP
newsworthy JJ I-NP
event NN I-NP
on IN B-PP
the DT B-NP
planet NN I-NP
at IN B-PP
that DT B-NP
moment NN I-NP
. . O

What WP B-NP
was VBD B-VP
my PRP$ B-NP
angle NN I-NP
? . O

How WRB B-ADVP
would MD O
I PRP B-NP
file VB B-VP
? . O

All DT B-NP
these DT I-NP
thoughts NNS I-NP
raced VBD B-VP
through IN B-PP
my PRP$ B-NP
head NN I-NP
in IN B-PP
the DT B-NP
15 CD I-NP
seconds NNS I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
's POS B-NP
actual JJ I-NP
duration NN I-NP
. . O

The DT B-NP
rest NN I-NP
is VBZ B-VP
, , O
of IN B-PP
course NN B-NP
, , O
history NN B-NP
. . O

The DT B-NP
Stick NNP I-NP
did VBD B-VP
n't RB I-VP
fall VB I-VP
. . O

The DT B-NP
real JJ I-NP
tragedies NNS I-NP
occurred VBD B-VP
elsewhere RB B-ADVP
, , O
as IN B-SBAR
we PRP B-NP
soon RB B-ADVP
found VBD B-VP
out RB B-PP
. . O

But CC O
for IN B-PP
a DT B-NP
few JJ I-NP
minutes NNS I-NP
there EX B-ADVP
, , O
relief NN B-NP
abounded VBD B-VP
. . O

A DT B-NP
young JJ I-NP
mother NN I-NP
found VBD B-VP
her PRP$ B-NP
boy NN I-NP
, , O
who WP B-NP
had VBD B-VP
been VBN I-VP
out IN B-ADVP
buying VBG B-VP
a DT B-NP
hotdog NN I-NP
. . O

The DT B-NP
wall NN I-NP
behind IN B-PP
me PRP B-NP
was VBD B-VP
slightly RB B-ADJP
deformed JJ I-ADJP
, , O
but CC O
the DT B-NP
center NN I-NP
had VBD B-VP
held VBN I-VP
. . O

And CC O
most RBS B-NP
of IN B-PP
us PRP B-NP
waited VBD B-VP
for IN B-PP
a DT B-NP
while NN I-NP
for IN B-SBAR
the DT B-NP
game NN I-NP
to TO B-VP
start VB I-VP
. . O

Then RB B-ADVP
we PRP B-NP
began VBD B-VP
to TO I-VP
file VB I-VP
out IN B-ADVP
, , O
to TO B-VP
wait VB I-VP
safely RB B-ADVP
on IN B-PP
terra FW B-NP
firma FW I-NP
for IN B-PP
the DT B-NP
opening NN I-NP
pitch NN I-NP
. . O

It PRP B-NP
was VBD B-VP
during IN B-PP
the DT B-NP
quiet JJ I-NP
exodus NN I-NP
down RP B-PP
the DT B-NP
pristine JJ I-NP
concrete JJ I-NP
ramps NNS I-NP
of IN B-PP
the DT B-NP
Stick NNP I-NP
that IN B-ADVP
I PRP B-NP
really RB B-ADVP
understood VBD B-VP
the DT B-NP
point NN I-NP
of IN B-PP
all PDT B-NP
those DT I-NP
Walkmen NNP I-NP
and CC I-NP
Watchmen NNP I-NP
. . O

The DT B-NP
crowd NN I-NP
moved VBD B-VP
in IN B-PP
clumps NNS B-NP
, , O
clumps NNS B-NP
magnetized VBN B-VP
around IN B-PP
an DT B-NP
electronic JJ I-NP
nucleus NN I-NP
. . O

In IN B-PP
this DT B-NP
way NN I-NP
, , O
while IN B-SBAR
the DT B-NP
Stick NNP I-NP
itself PRP B-NP
was VBD B-VP
blacked VBN I-VP
out IN B-PRT
, , O
we PRP B-NP
kept VBD B-VP
up VB B-PP
to TO B-PP
date VB B-NP
on IN B-PP
events NNS B-NP
. . O

Within IN B-PP
15 CD B-NP
minutes NNS I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
itself PRP B-NP
, , O
I PRP B-NP
was VBD B-VP
able JJ B-ADJP
to TO B-VP
see VB I-VP
pictures NNS B-NP
of IN B-PP
the DT B-NP
collapsed VBN I-NP
section NN I-NP
of IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
. . O

Increasingly RB B-NP
accurate JJ I-NP
estimates NNS I-NP
of IN B-PP
the DT B-NP
severity NN I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
became VBD B-VP
available JJ B-ADJP
before IN B-SBAR
I PRP B-NP
got VBD B-VP
to TO B-PP
my PRP$ B-NP
car NN I-NP
. . O

And CC O
by IN B-PP
then RB B-ADVP
, , O
expensive JJ B-NP
automobile NN I-NP
sound NN I-NP
systems NNS I-NP
were VBD B-VP
keeping VBG I-VP
the DT B-NP
gridlocked VBN I-NP
parking NN I-NP
lot NN I-NP
by IN B-PP
the DT B-NP
bay NN I-NP
informed VBN B-ADJP
about IN B-PP
the DT B-NP
fire NN I-NP
causing VBG B-VP
the DT B-NP
big JJ I-NP
black JJ I-NP
plume NN I-NP
of IN B-PP
smoke NN B-NP
we PRP B-NP
saw VBD B-VP
on IN B-PP
the DT B-NP
northern JJ I-NP
horizon NN I-NP
. . O

Darkness NN B-NP
fell VBD B-VP
. . O

But CC O
the DT B-NP
broadcasts NNS I-NP
continued VBD B-VP
through IN B-PP
the DT B-NP
blacked-out JJ I-NP
night NN I-NP
, , O
with IN B-PP
pictures NNS B-NP
of IN B-PP
the DT B-NP
sandwiched VBN I-NP
highway NN I-NP
ganglion NN I-NP
in IN B-PP
Oakland NNP B-NP
and CC O
firefighting NN B-NP
in IN B-PP
the DT B-NP
Marina NNP I-NP
district NN I-NP
. . O

By IN B-PP
then RB B-ADVP
, , O
our PRP$ B-NP
little JJ I-NP
sand NN I-NP
village NN I-NP
of IN B-PP
cars NNS B-NP
had VBD B-VP
been VBN I-VP
linked VBN I-VP
with IN B-PP
a DT B-NP
global JJ I-NP
village NN I-NP
of IN B-PP
listeners NNS B-NP
and CC I-NP
viewers NNS I-NP
. . O

Everyone NN B-NP
at IN B-PP
the DT B-NP
Stick NNP I-NP
that DT B-NP
day NN I-NP
had VBD B-VP
started VBN I-VP
out IN B-PRT
as IN B-PP
a DT B-NP
spectator NN I-NP
and CC O
ended VBD B-VP
up IN B-PRT
as IN B-PP
a DT B-NP
participant NN I-NP
. . O

In IN B-PP
fact NN B-NP
, , O
the DT B-NP
entire JJ I-NP
population NN I-NP
of IN B-PP
the DT B-NP
Bay NNP I-NP
Area NNP I-NP
had VBD B-VP
ended VBN I-VP
up IN B-PRT
with IN B-PP
this DT B-NP
dual JJ I-NP
role NN I-NP
of IN B-PP
actor NN B-NP
and CC I-NP
audience NN I-NP
. . O

The DT B-NP
reporters NNS I-NP
were VBD B-VP
victims NNS B-NP
and CC O
some DT B-NP
of IN B-PP
the DT B-NP
victims NNS I-NP
turned VBD B-VP
into IN B-PP
unofficial JJ B-NP
reporters NNS I-NP
. . O

The DT B-NP
outstanding JJ I-NP
example NN I-NP
of IN B-PP
this DT B-NP
was VBD B-VP
the DT B-NP
motorist NN I-NP
on IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
who WP B-NP
had VBD B-VP
the DT B-NP
presence NN I-NP
of IN B-PP
mind NN B-NP
to TO B-VP
take VB I-VP
out RP B-PRT
a DT B-NP
video NN I-NP
camera NN I-NP
at IN B-PP
the DT B-NP
absolutely RB I-NP
crucial JJ I-NP
moment NN I-NP
and CC O
record VB B-VP
the DT B-NP
car NN I-NP
in IN B-PP
front NN B-NP
as IN B-SBAR
it PRP B-NP
fell VBD B-VP
into IN B-PP
the DT B-NP
gap NN I-NP
in IN B-PP
the DT B-NP
roadway NN I-NP
. . O

The DT B-NP
tape NN I-NP
was VBD B-VP
on IN B-PP
tv NN B-NP
before IN B-SBAR
the DT B-NP
night NN I-NP
was VBD B-VP
out RB B-ADVP
. . O

Marshall NNP B-NP
McLuhan NNP I-NP
, , O
you PRP B-NP
should MD B-VP
have VB I-VP
been VBN I-VP
there RB B-ADVP
at IN B-PP
that DT B-NP
hour NN I-NP
. . O

Investors NNS B-NP
who WP B-NP
received VBD B-VP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc. NNP I-NP
's POS B-NP
latest JJS I-NP
stock NN I-NP
commentary NN I-NP
may MD B-VP
be VB I-VP
left VBN I-VP
with IN B-PP
blank JJ B-NP
expressions NNS I-NP
. . O

The DT B-NP
first JJ I-NP
10 CD I-NP
pages NNS I-NP
of IN B-PP
the DT B-NP
76-page NNP I-NP
Weekly NNP I-NP
Portfolio NNP I-NP
Perspective NNP I-NP
are VBP B-VP
completely RB B-ADJP
blank JJ I-ADJP
, , O
except IN B-PP
for IN B-PP
the DT B-NP
page NN I-NP
numbers NNS I-NP
. . O

Rather RB B-ADVP
than IN B-PP
printing NN B-NP
devils NNS I-NP
, , O
Shearson NNP B-NP
puts VBZ B-VP
all PDT B-NP
the DT I-NP
blame NN I-NP
on IN B-PP
the DT B-NP
unpredictable JJ I-NP
stock NN I-NP
market NN I-NP
. . O

The DT B-NP
plunge NN I-NP
made VBN B-VP
Shearson NNP B-NP
's POS B-NP
market NN I-NP
commentary NN I-NP
instantly RB B-ADVP
out IN B-PP
of IN B-PP
date NN B-NP
. . O

In IN B-PP
fact NN B-NP
, , O
last JJ B-NP
Friday NNP I-NP
's POS B-NP
190.58-point JJ I-NP
tumble NN I-NP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
caught VBD B-VP
many JJ B-NP
people NNS I-NP
and CC I-NP
businesses NNS I-NP
by IN B-PP
surprise NN B-NP
, , O
not RB B-NP
the DT I-NP
least JJS I-NP
of IN B-PP
them PRP B-NP
brokerage NN B-NP
firms NNS I-NP
such JJ B-PP
as IN I-PP
Shearson NNP B-NP
that DT B-NP
print VB B-VP
their PRP$ B-NP
weekly JJ I-NP
market NN I-NP
commentaries NNS I-NP
on IN B-PP
Fridays NNPS B-NP
for IN B-PP
dissemination NN B-NP
the DT B-NP
following VBG I-NP
week NN I-NP
. . O

Shearson NNP B-NP
, , O
a DT B-NP
62%-owned JJ I-NP
unit NN I-NP
of IN B-PP
American NNP B-NP
Express NNP I-NP
Co. NNP I-NP
, , O
did VBD B-VP
n't RB I-VP
have VB I-VP
enough JJ B-NP
time NN I-NP
to TO B-VP
update VB I-VP
its PRP$ B-NP
market NN I-NP
commentary NN I-NP
so RB O
, , O
`` `` O
We PRP B-NP
decided VBD B-VP
to TO I-VP
kill VB I-VP
our PRP$ B-NP
strategy NN I-NP
pieces NNS I-NP
, , O
'' '' O
says VBZ B-VP
Jack NNP B-NP
Rivkin NNP I-NP
, , O
the DT B-NP
head NN I-NP
of IN B-PP
Shearson NNP B-NP
's POS B-NP
research NN I-NP
department NN I-NP
. . O

The DT B-NP
first JJ I-NP
thought VBD I-NP
some DT B-NP
investors NNS I-NP
had VBD B-VP
was VBD B-VP
that IN B-SBAR
a DT B-NP
red-faced JJ I-NP
Shearson NNP I-NP
must MD B-VP
have VB I-VP
been VBN I-VP
wildly RB B-ADJP
bullish JJ I-ADJP
on IN B-PP
stocks NNS B-NP
in IN B-PP
its PRP$ B-NP
original JJ I-NP
commentary NN I-NP
, , O
and CC O
that DT B-NP
's VBZ B-VP
why WRB B-ADVP
it PRP B-NP
purged VBD B-VP
its PRP$ B-NP
pages NNS I-NP
. . O

Investors NNS B-NP
recalled VBD B-VP
that IN B-SBAR
Shearson NNP B-NP
last JJ B-NP
week NN I-NP
had VBD B-VP
been VBN I-VP
advising VBG I-VP
that IN B-SBAR
`` `` O
the DT B-NP
market NN I-NP
is VBZ B-VP
still RB I-VP
exhibiting VBG I-VP
all PDT B-NP
the DT I-NP
signs NNS I-NP
of IN B-PP
a DT B-NP
further JJ I-NP
advance NN I-NP
. . O
'' '' O

Many JJ B-NP
other JJ I-NP
brokerage NN I-NP
firms NNS I-NP
had VBD B-VP
similarly RB B-NP
bullish JJ I-NP
views NNS I-NP
. . O

But CC O
Mr. NNP B-NP
Rivkin NNP I-NP
insists VBZ B-VP
that IN B-SBAR
the DT B-NP
10 CD I-NP
pages NNS I-NP
were VBD B-VP
n't RB I-VP
pulled VBN I-VP
because IN B-SBAR
they PRP B-NP
were VBD B-VP
too RB B-ADJP
bullish JJ I-ADJP
. . O

Instead RB B-ADVP
, , O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
they PRP B-NP
were VBD B-VP
cautious JJ B-ADJP
, , O
and CC O
that DT B-NP
was VBD B-VP
n't RB O
the DT B-NP
message NN I-NP
we PRP B-NP
wanted VBD B-VP
to TO I-VP
deliver VB I-VP
'' '' O
on IN B-PP
Monday NNP B-NP
. . O

As IN B-SBAR
Mr. NNP B-NP
Rivkin NNP I-NP
explains VBZ B-VP
it PRP B-NP
, , O
`` `` O
We PRP B-NP
were VBD B-VP
raising VBG I-VP
some DT B-NP
caution NN I-NP
flags NNS I-NP
about IN B-PP
rate NN B-NP
rises VBZ I-NP
in IN B-PP
Europe NNP B-NP
and CC O
concerns NNS B-NP
about IN B-PP
the DT B-NP
LBO NNP I-NP
market NN I-NP
. . O

And CC O
by IN B-PP
late JJ B-NP
Friday NNP I-NP
afternoon NN I-NP
, , O
actually RB B-ADVP
after IN B-PP
the DT B-NP
close NN I-NP
, , O
we PRP B-NP
decided VBD B-VP
that WDT B-NP
was VBD B-VP
the DT B-NP
wrong JJ I-NP
tone NN I-NP
to TO B-VP
take VB I-VP
. . O

With IN B-SBAR
the DT B-NP
market NN I-NP
down RB B-ADVP
, , O
we PRP B-NP
wanted VBD B-VP
to TO I-VP
tell VB I-VP
people NNS B-NP
to TO B-VP
put VB I-VP
their PRP$ B-NP
orders NNS I-NP
in IN B-PRT
on IN B-PP
the DT B-NP
opening NN I-NP
. . O
'' '' O

Both DT B-PP
before IN I-PP
and CC I-PP
after IN I-PP
the DT B-NP
Friday NNP I-NP
plunge NN I-NP
, , O
Shearson NNP B-NP
has VBZ B-VP
maintained VBN I-VP
a DT B-NP
recommended VBN I-NP
portfolio NN I-NP
weighting NN I-NP
of IN B-PP
65 CD B-NP
% NN I-NP
stocks NNS I-NP
, , O
20 CD B-NP
% NN I-NP
bonds NNS I-NP
and CC O
15 CD B-NP
% NN I-NP
cash NN I-NP
. . O

Sheldon NNP B-NP
B. NNP I-NP
Lubar NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Lubar NNP B-NP
& CC I-NP
Co. NNP I-NP
, , O
and CC O
John NNP B-NP
L. NNP I-NP
Murray NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Universal NNP B-NP
Foods NNP I-NP
Corp. NNP I-NP
, , O
were VBD B-VP
elected VBN I-VP
to TO B-PP
the DT B-NP
board NN I-NP
of IN B-PP
this DT B-NP
engine NN I-NP
maker NN I-NP
. . O

They PRP B-NP
succeed VBP B-VP
Robert NNP B-NP
W. NNP I-NP
Kasten NNP I-NP
and CC O
John NNP B-NP
R. NNP I-NP
Parker NNP I-NP
, , O
who WP B-NP
reached VBD B-VP
the DT B-NP
mandatory JJ I-NP
retirement NN I-NP
age NN I-NP
. . O

China NNP B-NP
's POS B-NP
slide NN I-NP
toward IN B-PP
recession NN B-NP
is VBZ B-VP
beginning VBG I-VP
to TO I-VP
look VB I-VP
like IN B-PP
a DT B-NP
free JJ I-NP
fall NN I-NP
. . O

In IN B-PP
a DT B-NP
report NN I-NP
on IN B-PP
China NNP B-NP
's POS B-NP
foundering VBG I-NP
economy NN I-NP
, , O
the DT B-NP
official NN I-NP
State NNP I-NP
Statistical NNP I-NP
Bureau NNP I-NP
disclosed VBD B-VP
that IN O
industrial JJ B-NP
output NN I-NP
last JJ B-NP
month NN I-NP
rose VBD B-VP
0.9 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
- : O
the DT B-NP
lowest JJS I-NP
growth NN I-NP
rate NN I-NP
in IN B-PP
a DT B-NP
decade NN I-NP
for IN B-PP
September NNP B-NP
. . O

Retail JJ B-NP
sales NNS I-NP
are VBP B-VP
plummeting VBG I-VP
, , O
while IN B-SBAR
consumer NN B-NP
prices NNS I-NP
still RB B-ADVP
are VBP B-VP
rising VBG I-VP
. . O

Chinese JJ B-NP
and CC I-NP
foreign JJ I-NP
economists NNS I-NP
now RB B-ADVP
predict VBP B-VP
prolonged VBN B-NP
stagflation NN I-NP
: : O
low JJ B-NP
growth NN I-NP
and CC O
high JJ B-NP
inflation NN I-NP
. . O

`` `` O
The DT B-NP
economy NN I-NP
is VBZ B-VP
crashing VBG I-VP
hard JJ B-ADVP
, , O
'' '' O
says VBZ B-VP
an DT B-NP
Asian JJ I-NP
economist NN I-NP
in IN B-PP
Beijing NNP B-NP
. . O

`` `` O
The DT B-NP
slowdown NN I-NP
is VBZ B-VP
taking VBG I-VP
hold VB B-NP
a DT B-NP
lot NN I-NP
more RBR B-ADVP
quickly RB I-ADVP
and CC I-ADVP
devastatingly RB I-ADVP
than IN B-SBAR
anyone NN B-NP
had VBD B-VP
expected VBN I-VP
. . O
'' '' O

A DT B-NP
lengthy JJ I-NP
recession NN I-NP
, , O
if IN B-SBAR
it PRP B-NP
materializes VBZ B-VP
, , O
would MD B-VP
drain VB I-VP
state NN B-NP
coffers NNS I-NP
and CC O
create VB B-VP
severe JJ B-NP
hardships NNS I-NP
for IN B-PP
urban JJ B-NP
workers NNS I-NP
. . O

Experts NNS B-NP
predict VBP B-VP
the DT B-NP
coming VBG I-NP
year NN I-NP
will MD B-VP
be VB I-VP
characterized VBN I-VP
by IN B-PP
flat JJ B-NP
or CC I-NP
negative JJ I-NP
industrial JJ I-NP
growth NN I-NP
, , O
rising VBG B-NP
unemployment NN I-NP
and CC O
a DT B-NP
widening VBG I-NP
budget NN I-NP
deficit NN I-NP
. . O

Unless IN B-SBAR
the DT B-NP
government NN I-NP
suddenly RB B-ADVP
reverses VBZ B-VP
course NN B-NP
, , O
wages NNS B-NP
for IN B-PP
most RBS B-NP
workers NNS I-NP
wo MD B-VP
n't RB I-VP
keep VB I-VP
pace NN B-NP
with IN B-PP
inflation NN B-NP
, , O
creating VBG B-VP
a DT B-NP
potential JJ I-NP
source NN I-NP
of IN B-PP
urban JJ B-NP
unrest NN I-NP
. . O

The DT B-NP
economy NN I-NP
's POS B-NP
slowdown NN I-NP
is VBZ B-VP
due JJ B-ADJP
only RB I-ADJP
partly RB I-ADJP
to TO B-PP
the DT B-NP
austerity NN I-NP
program NN I-NP
launched VBN B-VP
in IN B-PP
September NNP B-NP
1988 CD I-NP
to TO B-VP
cool VB I-VP
an DT B-NP
overheated VBN I-NP
economy NN I-NP
and CC O
tame JJ B-VP
inflation NN B-NP
. . O

-LRB- ( O
Industrial NNP B-NP
output NN I-NP
surged VBD B-VP
21 CD B-NP
% NN I-NP
in IN B-PP
1988 CD B-NP
, , O
while IN B-SBAR
inflation NN B-NP
peaked VBD B-VP
last JJ B-NP
February NNP I-NP
at IN B-PP
nearly RB B-NP
30 CD I-NP
% NN I-NP
. . O
-RRB- ) O

The DT B-NP
slowdown NN I-NP
also RB B-ADVP
results VBZ B-VP
from IN B-PP
chronic JJ B-NP
energy NN I-NP
and CC I-NP
raw-materials NNS I-NP
shortages NNS I-NP
that WDT B-NP
force VBP B-VP
many JJ B-NP
factories NNS I-NP
to TO B-VP
restrict VB I-VP
operations NNS B-NP
to TO B-PP
two CD B-NP
or CC I-NP
three CD I-NP
days NNS I-NP
a DT B-NP
week NN I-NP
. . O

In IN B-PP
Western JJ B-NP
, , I-NP
market-driven JJ I-NP
countries NNS I-NP
, , O
recessions NNS B-NP
often RB B-ADVP
have VBP B-VP
a DT B-NP
bright JJ I-NP
side NN I-NP
: : O
prodding VBG B-VP
the DT B-NP
economy NN I-NP
to TO B-PP
greater JJR B-NP
efficiency NN I-NP
. . O

In IN B-PP
China NNP B-NP
, , O
however RB B-ADVP
, , O
there EX B-NP
is VBZ B-VP
n't RB O
likely JJ B-ADJP
to TO B-VP
be VB I-VP
any DT B-NP
silver NN I-NP
lining VBG I-NP
because IN B-SBAR
the DT B-NP
economy NN I-NP
remains VBZ B-VP
guided VBN I-VP
primarily RB B-ADVP
by IN B-PP
the DT B-NP
state NN I-NP
. . O

Instead RB B-ADVP
, , O
China NNP B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
shell VB I-VP
out RP B-PRT
ever-greater JJ B-NP
subsidies NNS I-NP
to TO B-PP
its PRP$ B-NP
coddled VBN I-NP
state-run JJ I-NP
enterprises NNS I-NP
, , O
which WDT B-NP
ate VBD B-VP
up IN B-PRT
$ $ B-NP
18 CD I-NP
billion CD I-NP
in IN B-PP
bailouts NNS B-NP
last JJ B-NP
year NN I-NP
. . O

Nor CC O
are VBP O
any DT B-NP
of IN B-PP
these DT B-NP
inefficient JJ I-NP
monoliths NNS I-NP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
allowed VBN I-VP
to TO I-VP
go VB I-VP
bankrupt JJ B-ADJP
. . O

Rather RB B-ADVP
, , O
the DT B-NP
brunt NN I-NP
of IN B-PP
the DT B-NP
slowdown NN I-NP
will MD B-VP
be VB I-VP
felt VBN I-VP
in IN B-PP
the DT B-NP
fast-growing JJ I-NP
private JJ I-NP
and CC I-NP
semi-private JJ I-NP
`` `` I-NP
township NN I-NP
'' '' I-NP
enterprises NNS I-NP
, , O
which WDT B-NP
have VBP B-VP
fallen VBN I-VP
into IN B-PP
disfavor NN B-NP
as IN B-SBAR
China NNP B-NP
's POS B-NP
leaders NNS I-NP
re-emphasize VBP B-VP
an DT B-NP
orthodox JJ I-NP
Marxist JJ I-NP
preference NN I-NP
for IN B-PP
public JJ B-NP
ownership NN I-NP
. . O

`` `` O
When WRB B-ADVP
the DT B-NP
going VBG I-NP
gets VBZ B-VP
rough JJ B-ADJP
, , O
China NNP B-NP
penalizes VBZ B-VP
the DT B-NP
efficient JJ I-NP
and CC O
rewards VBZ B-VP
the DT B-NP
incompetent JJ I-NP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
Western JJ I-NP
economist NN I-NP
. . O

Reports NNS B-NP
of IN B-PP
an DT B-NP
economy NN I-NP
near VB B-PP
recession NN B-NP
come VB B-VP
as IN B-SBAR
officials NNS B-NP
prepare VBP B-VP
a DT B-NP
major JJ I-NP
Communist NNP I-NP
Party NNP I-NP
plenum NN I-NP
for IN B-PP
sometime RB B-NP
in IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
weeks NNS I-NP
. . O

The DT B-NP
meeting NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
call VB I-VP
for IN B-PP
heightened VBN B-NP
austerity NN I-NP
for IN B-PP
two CD B-NP
years NNS I-NP
. . O

But CC O
with IN B-SBAR
industrial JJ B-NP
growth NN I-NP
stagnant JJ B-ADJP
and CC O
inflation NN B-NP
showing VBG B-VP
signs NNS B-NP
of IN B-PP
easing VBG B-NP
, , O
some DT B-NP
voices NNS I-NP
may MD B-VP
call VB I-VP
for IN B-PP
measures NNS B-NP
to TO B-VP
pump VB I-VP
new JJ B-NP
life NN I-NP
into IN B-PP
the DT B-NP
economy NN I-NP
. . O

Some DT B-NP
analysts NNS I-NP
believe VBP B-VP
China NNP B-NP
soon RB B-ADVP
will MD B-VP
begin VB I-VP
relaxing VBG I-VP
economic JJ B-NP
controls NNS I-NP
, , O
particularly RB B-ADVP
by IN B-PP
loosening VBG B-VP
credit NN B-NP
. . O

That DT B-NP
would MD B-VP
benefit VB I-VP
Chinese JJ B-NP
enterprises NNS I-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
Sino-foreign JJ B-NP
joint JJ I-NP
ventures NNS I-NP
, , O
both DT B-NP
of IN B-PP
which WDT B-NP
have VBP B-VP
been VBN I-VP
plagued VBN I-VP
by IN B-PP
shortages NNS B-NP
of IN B-PP
working VBG B-NP
capital NN I-NP
. . O

A DT B-NP
dangerous JJ I-NP
buildup NN I-NP
this DT B-NP
year NN I-NP
of IN B-PP
billions NNS B-NP
of IN B-PP
dollars NNS B-NP
in IN B-PP
inter-company JJ B-NP
debts NNS I-NP
threatens VBZ B-VP
, , O
if IN B-SBAR
unchecked JJ B-ADJP
, , O
to TO B-VP
bring VB I-VP
the DT B-NP
economy NN I-NP
to TO B-PP
a DT B-NP
collapse NN I-NP
. . O

One CD B-NP
sign NN I-NP
of IN B-PP
a DT B-NP
possible JJ I-NP
easing NN I-NP
of IN B-PP
credit NN B-NP
policy NN I-NP
was VBD B-VP
the DT B-NP
decision NN I-NP
this DT B-NP
week NN I-NP
of IN B-PP
People NNS B-NP
's POS B-NP
Bank NNP I-NP
of IN B-PP
China NNP B-NP
, , O
the DT B-NP
central JJ I-NP
bank NN I-NP
, , O
to TO B-VP
allocate VB I-VP
$ $ B-NP
5.4 CD I-NP
billion CD I-NP
in IN B-PP
short-term JJ B-NP
loans NNS I-NP
to TO B-VP
pay VB I-VP
farmers NNS B-NP
for IN B-PP
the DT B-NP
autumn NN I-NP
harvest NN I-NP
, , O
the DT B-NP
official NN I-NP
China NNP I-NP
Daily NNP I-NP
reported VBD B-VP
. . O

But CC O
while IN B-SBAR
pumping VBG B-VP
more JJR B-NP
money NN I-NP
into IN B-PP
the DT B-NP
economy NN I-NP
would MD B-VP
bring VB I-VP
relief NN B-NP
to TO B-PP
many VB B-NP
industries NNS I-NP
, , O
it PRP B-NP
also RB B-ADVP
runs VBZ B-VP
the DT B-NP
risk NN I-NP
of IN B-PP
triggering VBG B-VP
another DT B-NP
period NN I-NP
of IN B-PP
runaway JJ B-NP
growth NN I-NP
and CC O
steep JJ B-NP
inflation NN I-NP
. . O

The DT B-NP
cycle NN I-NP
has VBZ B-VP
been VBN I-VP
repeated VBN I-VP
several JJ B-NP
times NNS I-NP
since IN B-SBAR
China NNP B-NP
began VBD B-VP
reforming VBG I-VP
its PRP$ B-NP
planned VBN I-NP
economy NN I-NP
in IN B-PP
1979 CD B-NP
. . O

And CC O
, , O
because IN B-SBAR
China NNP B-NP
's POS B-NP
leaders NNS I-NP
have VBP B-VP
abandoned VBN I-VP
plans NNS B-NP
to TO B-VP
drastically RB I-VP
reform NN I-VP
the DT B-NP
economy NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
continue VB I-VP
, , O
analysts NNS B-NP
say VBP B-VP
. . O

The DT B-NP
statistical JJ I-NP
bureau NN I-NP
's POS B-NP
report NN I-NP
, , O
cited VBD B-VP
in IN B-PP
China NNP B-NP
Daily NNP I-NP
, , O
notes VBZ B-VP
that IN B-SBAR
industrial JJ B-NP
output NN I-NP
in IN B-PP
September NNP B-NP
totaled VBD B-NP
$ $ B-NP
29.4 CD I-NP
billion CD I-NP
, , O
a DT B-NP
rise NN I-NP
of IN B-PP
just RB B-NP
0.9 CD I-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Output NN B-NP
declined VBD B-VP
in IN B-PP
several JJ B-NP
provinces NNS I-NP
, , O
including VBG B-PP
Jiangsu NNP B-NP
and CC I-NP
Zhejiang NNP I-NP
, , O
two CD B-NP
key JJ I-NP
coastal JJ I-NP
areas NNS I-NP
, , O
and CC O
Sichuan NNP B-NP
, , O
the DT B-NP
nation NN I-NP
's POS B-NP
agricultural JJ I-NP
breadbasket NN I-NP
. . O

Production NN B-NP
in IN B-PP
Shanghai NNP B-NP
, , O
China NNP B-NP
's POS B-NP
industrial JJ I-NP
powerhouse NN I-NP
and CC O
the DT B-NP
largest JJS I-NP
source NN I-NP
of IN B-PP
tax NN B-NP
revenue NN I-NP
for IN B-PP
the DT B-NP
central JJ I-NP
government NN I-NP
, , O
fell VBD B-VP
1.8 CD B-NP
% NN I-NP
for IN B-PP
the DT B-NP
month NN I-NP
. . O

Nationwide NNP B-ADVP
, , O
output NN B-NP
of IN B-PP
light NN B-NP
industrial JJ I-NP
products NNS I-NP
declined VBD B-VP
1.8 CD B-NP
% NN I-NP
-- : O
`` `` O
the DT B-NP
first JJ I-NP
decline NN I-NP
in IN B-PP
10 CD B-NP
years NNS I-NP
, , O
'' '' O
a DT B-NP
bureau NN I-NP
spokesman NN I-NP
told VBD B-VP
China NNP B-NP
Daily NNP I-NP
. . O

In IN B-PP
an DT B-NP
unusually RB I-NP
direct JJ I-NP
statement NN I-NP
, , O
the DT B-NP
bureau NN I-NP
spokesman NN I-NP
recommended VBD B-VP
that IN B-SBAR
state NN B-NP
banks NNS I-NP
extend VBP B-VP
more JJR B-NP
credit NN I-NP
to TO B-PP
shopkeepers NNS B-NP
so RB B-SBAR
that IN I-SBAR
they PRP B-NP
can MD B-VP
purchase VB I-VP
manufacturers NNS B-NP
' POS B-NP
goods NNS I-NP
. . O

`` `` O
This DT B-NP
will MD B-VP
prevent VB I-VP
a DT B-NP
slide NN I-NP
in IN B-PP
industrial JJ B-NP
production NN I-NP
, , O
which WDT B-NP
will MD B-VP
otherwise RB I-VP
cause VB I-VP
new JJ B-NP
panic NN I-NP
buyings NNS I-NP
, , O
'' '' O
the DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

The DT B-NP
1986 CD I-NP
tax NN I-NP
overhaul NN I-NP
, , O
the DT B-NP
biggest JJS I-NP
achievement NN I-NP
of IN B-PP
President NNP B-NP
Reagan NNP I-NP
's POS B-NP
second JJ I-NP
term NN I-NP
, , O
is VBZ B-VP
beginning VBG I-VP
to TO I-VP
fall VB I-VP
apart RB B-PRT
, , O
and CC O
interest NN B-NP
groups NNS I-NP
are VBP B-VP
lining VBG I-VP
up IN B-PRT
for IN B-PP
tax NN B-NP
goodies NNS I-NP
all DT B-PP
over IN I-PP
Capitol NNP B-NP
Hill NNP I-NP
. . O

Real-estate NN B-NP
executives NNS I-NP
are VBP B-VP
lobbying VBG I-VP
to TO I-VP
ease VB I-VP
anti-tax-shelter JJ B-NP
rules NNS I-NP
. . O

Charitable JJ B-NP
groups NNS I-NP
are VBP B-VP
trying VBG I-VP
to TO I-VP
reinstate VB I-VP
the DT B-NP
write-off NN I-NP
for IN B-PP
contributions NNS B-NP
made VBN B-VP
by IN B-PP
individuals NNS B-NP
who WP B-NP
do VBP B-VP
n't RB I-VP
itemize VB I-VP
their PRP$ B-NP
deductions NNS I-NP
. . O

Big JJ B-NP
auction NN I-NP
houses NNS I-NP
want VBP B-VP
to TO I-VP
make VB I-VP
collectibles NNS B-NP
eligible JJ B-ADJP
for IN B-PP
lower JJR B-NP
capital-gains NNS I-NP
taxes NNS I-NP
. . O

And CC O
heavy-industry NN B-NP
lobbyists NNS I-NP
are VBP B-VP
quietly RB I-VP
discussing VBG I-VP
the DT B-NP
possibility NN I-NP
of IN B-PP
reinstating VBG B-VP
the DT B-NP
investment NN I-NP
tax NN I-NP
credit NN I-NP
. . O

`` `` O
Everything NN B-NP
is VBZ B-VP
up IN B-PP
for IN B-PP
grabs NNS B-NP
, , O
'' '' O
says VBZ B-VP
Theodore NNP B-NP
Groom NNP I-NP
, , O
a DT B-NP
lobbyist NN I-NP
for IN B-PP
mutual JJ B-NP
life-insurance NN I-NP
companies NNS I-NP
. . O

Adds VBZ B-VP
Robert NNP B-NP
Juliano NNP I-NP
, , O
the DT B-NP
head NN I-NP
lobbyist NN I-NP
for IN B-PP
a DT B-NP
variety NN I-NP
of IN B-PP
interests NNS B-NP
that WDT B-NP
want VBP B-VP
to TO I-VP
protect VB I-VP
the DT B-NP
tax NN I-NP
deduction NN I-NP
for IN B-PP
travel NN B-NP
and CC I-NP
entertainment NN I-NP
expenses NNS I-NP
: : O
`` `` O
It PRP B-NP
appears VBZ B-VP
as IN B-SBAR
though IN I-SBAR
the DT B-NP
whole JJ I-NP
thing NN I-NP
is VBZ B-VP
wide JJ B-ADJP
open JJ I-ADJP
again RB B-ADVP
. . O
'' '' O

The DT B-NP
catalyst NN I-NP
has VBZ B-VP
been VBN I-VP
the DT B-NP
congressional JJ I-NP
move NN I-NP
to TO B-VP
restore VB I-VP
preferential JJ B-NP
tax NN I-NP
treatment NN I-NP
for IN B-PP
capital NN B-NP
gains NNS I-NP
, , O
an DT B-NP
effort NN I-NP
that WDT B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
succeed VB I-VP
in IN B-PP
this DT B-NP
Congress NNP I-NP
. . O

Other JJ B-NP
fundamental JJ I-NP
`` `` I-NP
reforms NNS I-NP
'' '' O
of IN B-PP
the DT B-NP
1986 CD I-NP
act NN I-NP
have VBP B-VP
been VBN I-VP
threatened VBN I-VP
as IN B-ADVP
well RB I-ADVP
. . O

The DT B-NP
House NNP I-NP
seriously RB B-ADVP
considered VBD B-VP
raising VBG I-VP
the DT B-NP
top JJ I-NP
tax NN I-NP
rate NN I-NP
paid VBN B-VP
by IN B-PP
individuals NNS B-NP
with IN B-PP
the DT B-NP
highest JJS I-NP
incomes NNS I-NP
. . O

The DT B-NP
Senate NNP I-NP
Finance NNP I-NP
Committee NNP I-NP
voted VBD B-VP
to TO I-VP
expand VB I-VP
the DT B-NP
deduction NN I-NP
for IN B-PP
individual JJ B-NP
retirement NN I-NP
accounts NNS I-NP
, , O
and CC O
also RB B-ADVP
to TO B-VP
bring VB I-VP
back JJ B-ADVP
income NN B-NP
averaging VBG I-NP
for IN B-PP
farmers NNS B-NP
, , O
a DT B-NP
tax NN I-NP
preference NN I-NP
that WDT B-NP
allows VBZ B-VP
income NN B-NP
to TO B-VP
be VB I-VP
spread VBN I-VP
out IN B-PRT
over IN B-PP
several JJ B-NP
years NNS I-NP
. . O

As IN B-PP
part NN B-NP
of IN B-PP
the DT B-NP
same JJ I-NP
bill NN I-NP
, , O
the DT B-NP
finance NN I-NP
panel NN I-NP
also RB B-ADVP
voted VBD B-VP
in IN B-PP
favor NN B-NP
of IN B-PP
billions NNS B-NP
of IN B-PP
dollars NNS B-NP
in IN B-PP
narrow JJ B-NP
tax NN I-NP
breaks NNS I-NP
for IN B-PP
individuals NNS B-NP
and CC I-NP
corporations NNS I-NP
, , O
in IN B-PP
what WP B-NP
committee NN B-NP
member NN I-NP
Sen. NNP I-NP
David NNP I-NP
Pryor NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Ark NNP B-NP
. . O
-RRB- ) O
calls VBZ B-VP
a DT B-NP
`` `` I-NP
feeding VBG I-NP
frenzy NN I-NP
'' '' O
of IN B-PP
special-interest JJ B-NP
legislating NN I-NP
. . O

The DT B-NP
beneficiaries NNS I-NP
would MD B-VP
range VB I-VP
from IN B-PP
pineapple NN B-NP
growers NNS I-NP
to TO B-PP
rich JJ B-NP
grandparents NNS I-NP
to TO B-PP
tuxedo-rental JJ B-NP
shops NNS I-NP
. . O

To TO B-VP
be VB I-VP
sure JJ B-ADJP
, , O
the DT B-NP
full JJ I-NP
Senate NNP I-NP
, , O
facing VBG B-VP
a DT B-NP
fast-approaching JJ I-NP
budget NN I-NP
deadline NN I-NP
, , O
last JJ B-NP
Friday NNP I-NP
stripped VBD B-VP
away RB B-ADVP
all DT B-NP
of IN B-PP
the DT B-NP
tax NN I-NP
breaks NNS I-NP
that WDT B-NP
were VBD B-VP
contained VBN I-VP
in IN B-PP
the DT B-NP
Finance NNP I-NP
Committee NNP I-NP
bill NN I-NP
. . O

But CC O
lawmakers NNS B-NP
of IN B-PP
both DT B-NP
parties NNS I-NP
agree VBP B-VP
that IN B-SBAR
the DT B-NP
streamlining VBG I-NP
was VBD B-VP
temporary JJ B-ADJP
. . O

Other JJ B-NP
bills NNS I-NP
will MD B-VP
be VB I-VP
moving VBG I-VP
soon RB B-ADVP
that WDT B-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
carry VB I-VP
many NN B-NP
of IN B-PP
the DT B-NP
tax NN I-NP
cuts NNS I-NP
, , O
including VBG B-PP
both DT B-NP
the DT I-NP
capital-gains NNS I-NP
and CC I-NP
IRA NNP I-NP
provisions NNS I-NP
. . O

`` `` O
There EX B-NP
is VBZ B-VP
n't RB O
any DT B-NP
doubt NN I-NP
that IN B-SBAR
the DT B-NP
thread NN I-NP
of IN B-PP
the DT B-NP
'86 CD I-NP
code NN I-NP
has VBZ B-VP
been VBN I-VP
given VBN I-VP
a DT B-NP
mighty JJ I-NP
tug NN I-NP
, , O
'' '' O
says VBZ B-VP
Rep. NNP B-NP
Thomas NNP I-NP
Downey NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
N.Y NNP B-NP
. . O
-RRB- ) O
. . O

`` `` O
You PRP B-NP
'll MD B-VP
see VB I-VP
the DT B-NP
annual JJ I-NP
unraveling NN I-NP
of IN B-PP
it PRP B-NP
. . O
'' '' O

`` `` O
It PRP B-NP
's VBZ B-VP
back RB B-ADVP
to TO B-PP
tax-give-away JJ B-NP
time NN I-NP
for IN B-PP
the DT B-NP
select JJ I-NP
few NN I-NP
, , O
'' '' O
says VBZ B-VP
Rep. NNP B-NP
William NNP I-NP
Gray NNP I-NP
of IN B-PP
Pennsylvania NNP B-NP
, , O
the DT B-NP
third-ranking JJ I-NP
Democrat NNP I-NP
in IN B-PP
the DT B-NP
House NNP I-NP
. . O

Referring VBG B-VP
to TO B-PP
the DT B-NP
chairmen NNS I-NP
of IN B-PP
the DT B-NP
Senate NNP I-NP
and CC I-NP
House NNP I-NP
tax-writing JJ I-NP
committees NNS I-NP
, , O
he PRP B-NP
adds VBZ B-VP
, , O
`` `` O
Next JJ B-NP
year NN I-NP
, , O
every DT B-NP
special-interest JJ I-NP
group NN I-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
there RB B-ADVP
knocking VBG B-VP
on IN B-PP
Lloyd NNP B-NP
Bentsen NNP I-NP
's POS B-NP
door NN I-NP
, , O
on IN B-PP
Danny NNP B-NP
Rostenkowski NNP I-NP
's POS B-NP
door NN I-NP
. . O
'' '' O

Many JJ B-NP
groups NNS I-NP
are VBP B-VP
n't RB I-VP
waiting VBG I-VP
that DT B-NP
long JJ I-NP
. . O

Just RB B-NP
last JJ I-NP
week NN I-NP
, , O
a DT B-NP
House NNP I-NP
Ways NNPS I-NP
and CC I-NP
Means NNP I-NP
subcommittee NN I-NP
held VBD B-VP
a DT B-NP
lengthy JJ I-NP
meeting NN I-NP
to TO B-VP
hear VB I-VP
the DT B-NP
pleas NNS I-NP
of IN B-PP
individual JJ B-NP
cities NNS I-NP
, , I-NP
companies NNS I-NP
and CC I-NP
interest NN I-NP
groups NNS I-NP
who WP B-NP
want VBP B-VP
to TO I-VP
open VB I-VP
their PRP$ B-NP
own JJ I-NP
special JJ I-NP
loopholes NNS I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
a DT B-NP
Swiss-cheese NN I-NP
factory NN I-NP
and CC O
the DT B-NP
cheese NN I-NP
smells VBZ B-VP
pretty RB B-ADJP
good JJ I-ADJP
, , O
'' '' O
commented VBD B-VP
one CD B-NP
veteran NN I-NP
lobbyist NN I-NP
who WP B-NP
was VBD B-VP
watching VBG I-VP
the DT B-NP
proceedings NNS I-NP
. . O

Even JJ B-NP
lobbyists NNS I-NP
for IN B-PP
heavy JJ B-NP
industry NN I-NP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
interests NNS I-NP
hit VBD B-VP
hardest JJS B-ADVP
in IN B-PP
the DT B-NP
1986 CD I-NP
bill NN I-NP
, , O
are VBP B-VP
encouraged VBN I-VP
. . O

The DT B-NP
return NN I-NP
of IN B-PP
pro-investment JJ B-NP
tax NN I-NP
breaks NNS I-NP
such JJ B-PP
as IN I-PP
those DT B-NP
for JJ B-PP
capital NN B-NP
gains NNS I-NP
and CC O
IRAs NNS B-NP
`` `` O
creates VBZ B-VP
more JJR B-NP
of IN B-PP
a DT B-NP
mood NN I-NP
or CC O
a DT B-NP
mindset NN I-NP
that WDT B-NP
is VBZ B-VP
helpful JJ B-ADJP
for IN B-PP
getting VBG B-VP
better JJR B-NP
depreciation NN I-NP
-LRB- ( O
write-offs NNS B-NP
-RRB- ) O
or CC O
investment NN B-NP
credits NNS I-NP
, , O
'' '' O
says VBZ B-VP
Paul NNP B-NP
Huard NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
for IN B-PP
the DT B-NP
National NNP I-NP
Association NNP I-NP
of IN B-PP
Manufacturers NNPS B-NP
. . O

Corporate JJ B-NP
lobbyist NN I-NP
Charls NNP I-NP
Walker NNP I-NP
is VBZ B-VP
planning VBG I-VP
a DT B-NP
spring NN I-NP
conference NN I-NP
to TO B-VP
discuss VB I-VP
what WP B-NP
tax NN I-NP
changes NNS I-NP
to TO B-VP
make VB I-VP
to TO B-VP
improve VB I-VP
`` `` O
competitiveness NN B-NP
. . O
'' '' O

In IN B-PP
reaction NN B-NP
to TO B-PP
proposed VBN B-NP
capital-gains NNS I-NP
legislation NN I-NP
, , O
groups NNS B-NP
are VBP B-VP
lobbying VBG I-VP
to TO I-VP
make VB I-VP
sure JJ B-ADJP
they PRP B-NP
are VBP B-VP
n't RB I-VP
left VBN I-VP
off IN B-PP
the DT B-NP
gravy NN I-NP
train NN I-NP
. . O

Real-estate NN B-NP
interests NNS I-NP
, , O
for IN B-PP
example NN B-NP
, , O
are VBP B-VP
protesting VBG I-VP
an DT B-NP
omission NN I-NP
in IN B-PP
President NNP B-NP
Bush NNP I-NP
's POS B-NP
capital-gains NNS I-NP
proposal NN I-NP
: : O
It PRP B-NP
does VBZ B-VP
n't RB I-VP
include VB I-VP
real-estate NN B-NP
gains NNS I-NP
. . O

`` `` O
If IN B-SBAR
there EX B-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
a DT B-NP
tax NN I-NP
scheme NN I-NP
that WDT B-NP
contemplates VBZ B-VP
lower JJR B-NP
treatment NN I-NP
of IN B-PP
capital NN B-NP
gains NNS I-NP
, , O
they PRP B-NP
certainly RB B-ADVP
want VBP B-VP
to TO I-VP
be VB I-VP
part NN B-NP
of IN B-PP
it PRP B-NP
, , O
'' '' O
says VBZ B-VP
real-estate NN B-NP
lobbyist NN I-NP
Wayne NNP I-NP
Thevenot NNP I-NP
of IN B-PP
Concord NNP B-NP
Associates NNPS I-NP
. . O

In IN B-PP
the DT B-NP
House-passed JJ I-NP
tax NN I-NP
bill NN I-NP
, , O
Mr. NNP B-NP
Thevenot NNP I-NP
got VBD B-VP
his PRP$ B-NP
wish VBP I-NP
; : O
real-estate NN B-NP
assets NNS I-NP
are VBP B-VP
included VBN I-VP
in IN B-PP
the DT B-NP
capital-gains NNS I-NP
provision NN I-NP
. . O

But CC O
Sotheby NNP B-NP
's POS B-NP
, , O
Christie NNP B-NP
's POS B-NP
and CC O
the DT B-NP
National NNP I-NP
Association NNP I-NP
of IN B-PP
Antique NNP B-NP
Dealers NNS I-NP
are VBP B-VP
still RB I-VP
trying VBG I-VP
to TO I-VP
get VB I-VP
theirs PRP B-NP
. . O

They PRP B-NP
have VBP B-VP
sent VBN I-VP
a DT B-NP
letter NN I-NP
to TO B-PP
congressional JJ B-NP
tax-writers NNS I-NP
asking VBG B-VP
that IN B-SBAR
gains NNS B-NP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
collectibles NNS B-NP
also RB B-ADVP
be VBP B-VP
given VBN I-VP
preferential JJ B-NP
treatment NN I-NP
. . O

`` `` O
Collectibles NNS B-NP
should MD B-VP
continue VB I-VP
to TO I-VP
be VB I-VP
recognized VBN I-VP
as IN B-PP
capital NN B-NP
assets NNS I-NP
, , O
'' '' O
the DT B-NP
letter NN I-NP
states NNS B-VP
. . O

All DT B-NP
of IN B-PP
this DT B-NP
talk NN I-NP
is VBZ B-VP
antithetical JJ B-ADJP
to TO B-PP
the DT B-NP
Tax NNP I-NP
Reform NNP I-NP
Act NNP I-NP
of IN B-PP
1986 CD B-NP
. . O

In IN B-PP
exchange NN B-NP
for IN B-PP
dramatically RB B-NP
lower JJR I-NP
tax NN I-NP
rates NNS I-NP
, , O
the DT B-NP
framers NNS I-NP
of IN B-PP
that DT B-NP
legislation NN I-NP
sought VBD B-VP
to TO I-VP
eliminate VB I-VP
most RBS B-NP
of IN B-PP
the DT B-NP
exemptions NNS I-NP
, , I-NP
deductions NNS I-NP
and CC I-NP
credits NNS I-NP
that WDT B-NP
gave VBD B-VP
some DT B-NP
taxpayers NNS I-NP
an DT B-NP
advantage NN I-NP
over IN B-PP
others NNS B-NP
. . O

The DT B-NP
goal NN I-NP
was VBD B-VP
to TO B-VP
tax VB I-VP
people NNS B-NP
with IN B-PP
roughly RB B-NP
equivalent NN I-NP
incomes NNS I-NP
equally RB B-ADVP
, , O
and CC O
to TO B-VP
eliminate VB I-VP
the DT B-NP
many JJ I-NP
shelters NNS I-NP
that WDT B-NP
allowed VBD B-VP
the DT B-NP
wealthy JJ I-NP
to TO B-VP
escape VB I-VP
taxes NNS B-NP
. . O

Two CD B-NP
of IN B-PP
the DT B-NP
major JJ I-NP
ways NNS I-NP
that IN B-ADVP
tax-writers NNS B-NP
managed VBD B-VP
to TO I-VP
attain VB I-VP
these DT B-NP
ends NNS I-NP
were VBD B-VP
to TO B-VP
scrap VB I-VP
the DT B-NP
preferential JJ I-NP
treatment NN I-NP
of IN B-PP
capital NN B-NP
gains NNS I-NP
and CC O
to TO B-VP
curtail VB I-VP
the DT B-NP
use NN I-NP
of IN B-PP
paper NN B-NP
losses NNS I-NP
, , O
also RB B-VP
known VBN I-VP
as IN B-PP
passive JJ B-NP
losses NNS I-NP
, , O
that WDT B-NP
made VBD B-VP
many JJ B-NP
tax NN I-NP
shelters NNS I-NP
possible JJ B-ADJP
. . O

Many JJ B-NP
other JJ I-NP
tax NN I-NP
benefits NNS I-NP
also RB B-ADVP
were VBD B-VP
swept VBN I-VP
away RB B-ADVP
. . O

This DT B-NP
year NN I-NP
Congress NNP B-NP
, , O
with IN B-PP
prodding VBG B-NP
from IN B-PP
President NNP B-NP
Bush NNP I-NP
, , O
has VBZ B-VP
been VBN I-VP
busy JJ B-ADJP
trying NN B-VP
to TO I-VP
put VB I-VP
many NN B-NP
of IN B-PP
these DT B-NP
same JJ I-NP
tax NN I-NP
preferences NNS I-NP
back RB B-ADVP
into IN B-PP
the DT B-NP
code NN I-NP
. . O

It PRP B-NP
appears VBZ B-VP
likely JJ B-ADJP
that IN B-SBAR
, , O
this DT B-NP
year NN I-NP
or CC O
next JJ B-NP
, , O
some DT B-NP
form NN I-NP
of IN B-PP
capital-gains NNS B-NP
preference NN I-NP
and CC O
passive-loss JJ B-NP
restoration NN I-NP
will MD B-VP
be VB I-VP
enacted VBN I-VP
. . O

Other JJ B-NP
tax NN I-NP
benefits NNS I-NP
probably RB B-ADVP
will MD B-VP
be VB I-VP
restored VBN I-VP
and CC I-VP
created VBN I-VP
. . O

The DT B-NP
main JJ I-NP
obstacle NN I-NP
is VBZ B-VP
finding VBG I-VP
a DT B-NP
way NN I-NP
to TO B-VP
pay VB I-VP
for IN B-PP
them PRP B-NP
. . O

`` `` O
The DT B-NP
'86 CD I-NP
act NN I-NP
was VBD B-VP
a DT B-NP
fluke NN I-NP
. . O

They PRP B-NP
wanted VBD B-VP
reform NN B-NP
and CC O
they PRP B-NP
got VBD B-VP
a DT B-NP
revolution NN I-NP
, , O
'' '' O
says VBZ B-VP
overhaul NN B-NP
advocate NN I-NP
Rep. NNP I-NP
Willis NNP I-NP
Gradison NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Ohio NNP B-NP
-RRB- ) O
. . O

So RB B-ADVP
, , O
is VBZ O
the DT B-NP
tax NN I-NP
code NN I-NP
now RB B-ADVP
open JJ B-NP
game NN I-NP
again RB B-ADVP
? . O

Mr. NNP B-NP
Juliano NNP I-NP
thinks VBZ B-VP
so RB B-ADVP
. . O

One CD B-NP
recent JJ I-NP
Saturday NNP I-NP
morning NN I-NP
he PRP B-NP
stayed VBD B-VP
inside IN B-PP
the DT B-NP
Capitol NNP I-NP
monitoring VBG B-VP
tax-and-budget JJ B-NP
talks NNS I-NP
instead RB B-CONJP
of IN I-CONJP
flying VBG B-VP
to TO B-PP
San NNP B-NP
Francisco NNP I-NP
for IN B-PP
a DT B-NP
fund-raiser NN I-NP
and CC O
then RB B-ADVP
to TO B-PP
his PRP$ B-NP
hometown NN I-NP
of IN B-PP
Chicago NNP B-NP
for IN B-PP
the DT B-NP
30th JJ I-NP
reunion NN I-NP
of IN B-PP
St. NNP B-NP
Ignatius NNP I-NP
High NNP I-NP
School NNP I-NP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
too RB B-ADJP
old JJ I-ADJP
to TO B-VP
waste VB I-VP
a DT B-NP
weekend NN I-NP
, , O
but CC O
that DT B-NP
's VBZ B-VP
what WP B-NP
I PRP B-NP
did VBD B-VP
, , O
'' '' O
the DT B-NP
48-year-old NNP I-NP
Mr. NNP I-NP
Juliano NNP I-NP
moans VBZ B-VP
. . O

`` `` O
These DT B-NP
days NNS I-NP
, , O
anything NN B-NP
can MD B-VP
happen VB I-VP
. . O

Lufthansa NNP B-NP
AG NNP I-NP
said VBD B-VP
passenger NN B-NP
volume NN I-NP
climbed VBD B-VP
5.2 CD B-NP
% NN I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
of IN B-PP
1989 CD B-NP
to TO B-PP
15.3 CD B-NP
million CD I-NP
passengers NNS I-NP
from IN B-PP
14.5 CD B-NP
million CD I-NP
passengers NNS I-NP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

The DT B-NP
West JJ I-NP
German JJ I-NP
national JJ I-NP
air NN I-NP
carrier NN I-NP
said VBD B-VP
cargo NN B-NP
volume NN I-NP
jumped VBD B-VP
12 CD B-NP
% NN I-NP
to TO B-PP
638,000 CD B-NP
metric JJ I-NP
tons NNS I-NP
from IN B-PP
569,000 CD B-NP
tons NNS I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Load NN B-NP
factor NN I-NP
, , O
or CC O
percentage NN B-NP
of IN B-PP
seats NNS B-NP
filled VBN B-VP
, , O
climbed VBD B-VP
to TO B-PP
67.1 CD B-NP
% NN I-NP
from IN B-PP
66.6 CD B-NP
% NN I-NP
, , O
even RB B-SBAR
though IN I-SBAR
the DT B-NP
number NN I-NP
of IN B-PP
flights NNS B-NP
rose VBD B-VP
6.9 CD B-NP
% NN I-NP
to TO B-PP
215,845 CD B-NP
in IN B-PP
the DT B-NP
first-three JJ I-NP
quarters NNS I-NP
. . O

From IN B-PP
January NNP B-NP
through IN B-PP
September NNP B-NP
, , O
the DT B-NP
distance NN I-NP
flown VBN B-VP
by IN B-PP
Lufthansa NNP B-NP
airplanes NNS I-NP
rose VBD B-VP
5.6 CD B-NP
% NN I-NP
to TO B-PP
266.2 CD B-NP
million CD I-NP
kilometers NNS I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
the DT B-NP
company NN I-NP
added VBD B-VP
. . O

Raymond NNP B-NP
Chandler NNP I-NP
, , O
in IN B-PP
a DT B-NP
1950 CD I-NP
letter NN I-NP
defending VBG B-VP
a DT B-NP
weak JJ I-NP
Hemingway NNP I-NP
book NN I-NP
, , O
likened VBD B-VP
a DT B-NP
champion NN I-NP
writer NN I-NP
to TO B-PP
a DT B-NP
baseball NN I-NP
pitcher NN I-NP
. . O

When WRB B-ADVP
the DT B-NP
champ NN I-NP
has VBZ B-VP
lost VBN I-VP
his PRP$ B-NP
stuff NN I-NP
, , O
the DT B-NP
great JJ I-NP
mystery NN I-NP
novelist NN I-NP
wrote VBD B-VP
, , O
`` `` O
when WRB B-ADVP
he PRP B-NP
can MD B-VP
no RB I-VP
longer RB I-VP
throw VB I-VP
the DT B-NP
high JJ I-NP
hard JJ I-NP
one CD I-NP
, , O
he PRP B-NP
throws VBZ B-VP
his PRP$ B-NP
heart NN I-NP
instead RB B-ADVP
. . O

He PRP B-NP
throws VBZ B-VP
something NN B-NP
. . O

He PRP B-NP
does VBZ B-VP
n't RB I-VP
just RB I-VP
walk VB I-VP
off IN B-PP
the DT B-NP
mound NN I-NP
and CC O
weep VB B-VP
. . O
'' '' O

Chandler NNP B-NP
might MD B-VP
have VB I-VP
been VBN I-VP
predicting VBG I-VP
the DT B-NP
course NN I-NP
of IN B-PP
his PRP$ B-NP
own JJ I-NP
career NN I-NP
. . O

His PRP$ B-NP
last RB I-NP
published VBN I-NP
novel NN I-NP
featuring VBG B-VP
private JJ B-NP
detective NN I-NP
Philip NNP I-NP
Marlowe NNP I-NP
, , O
the DT B-NP
inferior JJ I-NP
`` `` I-NP
Playback NNP I-NP
'' '' O
-LRB- ( O
1958 CD B-NP
-RRB- ) O
, , O
at IN B-PP
times NNS B-NP
read VBP B-VP
almost RB B-ADVP
like IN B-PP
a DT B-NP
parody NN I-NP
of IN B-PP
his PRP$ B-NP
previous JJ I-NP
work NN I-NP
. . O

When WRB B-ADVP
he PRP B-NP
died VBD B-VP
in IN B-PP
1959 CD B-NP
, , O
Chandler NNP B-NP
left VBD B-VP
behind IN B-PRT
four CD B-NP
chapters NNS I-NP
of IN B-PP
yet RB B-NP
another DT I-NP
Marlowe NNP I-NP
book NN I-NP
, , O
`` `` O
The DT B-NP
Poodle NNP I-NP
Springs NNP I-NP
Story NNP I-NP
, , O
'' '' O
which WDT B-NP
seemed VBD B-VP
to TO I-VP
go VB I-VP
beyond IN B-PP
parody NN B-NP
into IN B-PP
something NN B-NP
like IN B-PP
burlesque JJ B-NP
. . O

`` `` O
Champ NNP B-NP
'' '' O
Chandler NNP B-NP
's POS B-NP
last JJ I-NP
pitch NN I-NP
, , O
apparently RB B-ADVP
, , O
was VBD B-VP
a DT B-NP
screwball NN I-NP
. . O

Now RB B-ADVP
Robert NNP B-NP
Parker NNP I-NP
, , O
author NN B-NP
of IN B-PP
several JJ B-NP
best JJS I-NP
sellers NNS I-NP
featuring VBG B-VP
Spenser NNP B-NP
, , O
a DT B-NP
contemporary JJ I-NP
private JJ I-NP
eye NN I-NP
in IN B-PP
the DT B-NP
Marlowe NNP I-NP
mold NN I-NP
, , O
has VBZ B-VP
with IN B-PP
the DT B-NP
blessings NNS I-NP
of IN B-PP
the DT B-NP
Chandler NNP I-NP
estate NN I-NP
been VBN B-VP
hired VBN I-VP
to TO I-VP
complete VB I-VP
`` `` O
The DT B-NP
Poodle NNP I-NP
Springs NNP I-NP
Story NNP I-NP
. . O
'' '' O

The DT B-NP
result NN I-NP
, , O
`` `` O
Poodle NNP B-NP
Springs NNP I-NP
'' '' O
-LRB- ( O
Putnam NNP B-NP
's POS B-NP
, , O
288 CD B-NP
pages NNS I-NP
, , O
$ $ B-NP
18.95 CD I-NP
-RRB- ) O
is VBZ B-VP
an DT O
entertaining NN O
, , O
easy JJ O
to TO B-VP
read VB I-VP
and CC B-NP
fairly RB I-NP
graceful JJ I-NP
extension NN I-NP
of IN B-PP
the DT B-NP
Marlowe NNP I-NP
chronicle NN I-NP
, , O
full JJ B-ADJP
of IN B-PP
hard-boiled JJ B-NP
wisecracks NNS I-NP
and CC O
California NNP B-NP
color NN I-NP
. . O

If IN B-SBAR
it PRP B-NP
does VBZ B-VP
not RB I-VP
quite RB I-VP
have VB I-VP
Chandler NNP B-NP
's POS B-NP
special JJ I-NP
magic NN I-NP
-- : O
well RB B-INTJ
, , O
at IN B-PP
the DT B-NP
end NN I-NP
, , O
neither DT O
did VBD O
Chandler NNP B-NP
. . O

As IN B-SBAR
the DT B-NP
book NN I-NP
begins VBZ B-VP
, , O
a DT B-NP
newly RB I-NP
wed VBN I-NP
Marlowe NNP I-NP
roars VBZ B-VP
into IN B-PP
the DT B-NP
desert NN I-NP
resort NN I-NP
of IN B-PP
Poodle NNP B-NP
-LRB- ( O
a.k.a JJ O
. . O
Palm NNP O
-RRB- ) O
Springs NNP B-NP
at IN B-PP
the DT B-NP
wheel NN I-NP
of IN B-PP
a DT B-NP
Cadillac NNP I-NP
Fleetwood NNP I-NP
. . O

His PRP$ B-NP
bride NN I-NP
is VBZ B-VP
the DT B-NP
rich JJ I-NP
and CC I-NP
beautiful JJ I-NP
Linda NNP I-NP
Loring NNP I-NP
, , O
a DT B-NP
character NN I-NP
who WP B-NP
also RB B-ADVP
appeared VBD B-VP
in IN B-PP
Chandler NNP B-NP
's POS B-NP
`` `` I-NP
The DT I-NP
Long NNP I-NP
Goodbye NNP I-NP
'' '' I-NP
and CC I-NP
`` `` I-NP
Playback NNP I-NP
. . O
'' '' O

Philip NNP B-NP
and CC I-NP
Linda NNP I-NP
move NN B-VP
into IN B-PP
her PRP$ B-NP
mansion NN I-NP
and CC O
ca MD B-VP
n't RB I-VP
keep VB I-VP
their PRP$ B-NP
hands NNS I-NP
off IN B-PP
each DT B-NP
other NN I-NP
, , O
even RB B-ADVP
in IN B-PP
front NN B-NP
of IN B-PP
the DT B-NP
Hawaiian\/Japanese JJ I-NP
houseman NN I-NP
. . O

But CC O
the DT B-NP
lovebirds NNS I-NP
have VBP B-VP
a DT B-NP
conflict NN I-NP
. . O

He PRP B-NP
wants VBZ B-VP
to TO I-VP
continue VB I-VP
being VBG I-VP
a DT B-NP
low-paid JJ I-NP
private JJ I-NP
eye NN I-NP
, , O
and CC O
she PRP B-NP
wants VBZ B-VP
him PRP B-NP
to TO B-VP
live VB I-VP
off IN B-PP
the DT B-NP
million CD I-NP
dollars NNS I-NP
she PRP B-NP
's VBZ B-VP
settled VBD I-VP
on IN B-PP
him PRP B-NP
. . O

That DT B-NP
's VBZ B-VP
Chandler NNP B-NP
's POS B-NP
setup NN I-NP
. . O

Mr. NNP B-NP
Parker NNP I-NP
spins VBZ B-VP
it PRP B-NP
into IN B-PP
a DT B-NP
pretty RB I-NP
satisfying JJ I-NP
tale NN I-NP
involving VBG B-VP
Poodle NNP B-NP
Springs NNP I-NP
high JJ I-NP
life NN I-NP
, , O
Hollywood NNP B-NP
low JJ I-NP
life NN I-NP
and CC O
various JJ B-NP
folk NN I-NP
who WP B-NP
hang VBP B-VP
their PRP$ B-NP
hats NNS I-NP
in IN B-PP
both DT B-NP
worlds NNS I-NP
. . O

The DT B-NP
supporting VBG I-NP
lineup NN I-NP
is VBZ B-VP
solid JJ B-ADJP
, , O
the DT B-NP
patter NN I-NP
is VBZ B-VP
amusing JJ B-ADJP
and CC O
there EX B-NP
's VBZ B-VP
even RB B-ADVP
a DT B-NP
cameo NN I-NP
by IN B-PP
Bernie NNP B-NP
Ohls NNP I-NP
, , O
the DT B-NP
`` `` I-NP
good JJ I-NP
cop NN I-NP
'' '' O
of IN B-PP
previous JJ B-NP
Chandler NNP I-NP
books NNS I-NP
who WP B-NP
still RB B-ADVP
does VBZ B-VP
n't RB I-VP
hesitate VB I-VP
to TO I-VP
have VB I-VP
Marlowe NNP B-NP
jailed VBN B-VP
when WRB B-ADVP
it PRP B-NP
suits VBZ B-VP
his PRP$ B-NP
purposes NNS I-NP
. . O

The DT B-NP
style NN I-NP
throughout IN I-NP
bears VBZ B-VP
a DT B-NP
strong JJ I-NP
resemblance NN I-NP
to TO B-PP
Chandler NNP B-NP
's POS B-NP
prose NN I-NP
at IN B-PP
its PRP$ B-NP
most RBS I-NP
pared VBN I-NP
down RB B-PRT
. . O

All DT B-NP
told VBD B-VP
, , O
Mr. NNP B-NP
Parker NNP I-NP
does VBZ B-VP
a DT B-NP
better JJR I-NP
job NN I-NP
of IN B-PP
making VBG B-VP
a DT B-NP
novel NN I-NP
out IN B-PP
of IN B-PP
this DT B-NP
abandoned VBN I-NP
fragment NN I-NP
than IN B-SBAR
anyone NN B-NP
might MD B-VP
have VB I-VP
had VBN I-VP
a DT B-NP
right NN I-NP
to TO B-VP
expect VB I-VP
. . O

But CC O
there EX B-NP
are VBP B-VP
grounds NNS B-NP
for IN B-PP
complaint NN B-NP
. . O

At IN B-PP
one CD B-NP
point NN I-NP
, , O
the DT B-NP
reader NN I-NP
is VBZ B-VP
two CD B-NP
steps NNS I-NP
ahead RB B-ADVP
of IN B-PP
Marlowe NNP B-NP
in IN B-PP
catching VBG B-VP
on IN B-PRT
to TO B-PP
a DT B-NP
double JJ I-NP
identity NN I-NP
scam NN I-NP
-- : O
and CC O
Marlowe NNP B-NP
is VBZ B-VP
supposed VBN I-VP
to TO I-VP
be VB I-VP
the DT B-NP
pro FW I-NP
. . O

More RBR B-ADVP
bothersome JJ I-ADVP
, , O
there EX B-NP
are VBP B-VP
several JJ B-NP
apparent JJ I-NP
anachronisms NNS I-NP
. . O

Contact NN B-NP
lenses NNS I-NP
, , O
tank NN B-NP
tops NNS I-NP
, , O
prostitutes NNS B-NP
openly RB B-VP
working VBG I-VP
the DT B-NP
streets NNS I-NP
of IN B-PP
Hollywood NNP B-NP
and CC O
the DT B-NP
Tequila NNP I-NP
Sunrise NNP I-NP
cocktail NN I-NP
all DT B-NP
seem VB B-VP
out IN B-PP
of IN B-PP
place NN B-NP
in IN B-PP
the DT B-NP
1950s CD I-NP
. . O

A DT B-NP
little RB I-NP
more JJR B-NP
care NN I-NP
in IN B-PP
re-creating NN B-VP
Marlowe NNP B-NP
's POS B-NP
universe NN I-NP
would MD B-VP
have VB I-VP
made VBN I-VP
the DT B-NP
book NN I-NP
that IN B-ADJP
much RB I-ADJP
more RBR I-ADJP
enjoyable JJ I-ADJP
. . O

Mr. NNP B-NP
Nolan NNP I-NP
is VBZ B-VP
a DT B-NP
contributing VBG I-NP
editor NN I-NP
at IN B-PP
Los NNP B-NP
Angeles NNP I-NP
Magazine NNP I-NP
. . O

Ko NNP B-NP
Shioya NNP I-NP
spent VBD B-VP
eight CD B-NP
years NNS I-NP
as IN B-PP
the DT B-NP
editor NN I-NP
in IN B-PP
chief NN B-NP
of IN B-PP
the DT B-NP
Japanese JJ I-NP
edition NN I-NP
of IN B-PP
Reader NNP B-NP
's POS B-NP
Digest NNP I-NP
. . O

`` `` O
Japan NNP B-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
major JJ I-NP
importer NN I-NP
of IN B-PP
foreign JJ B-NP
information NN I-NP
and CC I-NP
news NN I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Shioya NNP I-NP
. . O

`` `` O
But CC O
one CD B-NP
gets VBZ B-VP
fed VBN I-VP
up IN B-PRT
with IN B-PP
importing VBG B-VP
information NN B-NP
and CC I-NP
news NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Shioya NNP I-NP
has VBZ B-VP
turned VBN I-VP
the DT B-NP
tables NNS I-NP
. . O

Today NN B-NP
, , O
he PRP B-NP
is VBZ B-VP
publisher NN B-NP
of IN B-PP
Business NNP B-NP
Tokyo NNP I-NP
magazine NN I-NP
, , O
the DT B-NP
first JJ I-NP
English-language JJ I-NP
business NN I-NP
magazine NN I-NP
devoted VBN B-VP
to TO B-PP
coverage NN B-NP
of IN B-PP
Japanese JJ B-NP
business NN I-NP
. . O

After IN B-PP
a DT B-NP
slick JJ I-NP
redesign NN I-NP
, , O
the DT B-NP
two-year-old JJ I-NP
magazine NN I-NP
has VBZ B-VP
been VBN I-VP
relaunched VBN I-VP
this DT B-NP
month NN I-NP
by IN B-PP
its PRP$ B-NP
parent NN I-NP
company NN I-NP
, , O
Keizaikai NNP B-NP
Corp. NNP I-NP
, , O
the DT B-NP
Tokyo-based JJ I-NP
company NN I-NP
with IN B-PP
interests NNS B-NP
that WDT B-NP
include VBP B-VP
financial JJ B-NP
services NNS I-NP
, , O
book NN B-NP
publishing NN I-NP
and CC O
a DT B-NP
tourist NN I-NP
agency NN I-NP
. . O

Printed JJ B-VP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC O
carrying VBG B-VP
the DT O
line NN O
`` `` O
The DT B-NP
Insider NNP I-NP
's POS B-NP
Japan NNP I-NP
, , O
'' '' O
Business NNP B-NP
Tokyo NNP I-NP
's POS B-NP
October NNP I-NP
cover NN I-NP
story NN I-NP
was VBD B-VP
`` `` O
The DT B-NP
World NNP I-NP
's POS B-NP
No. NN I-NP
1 CD I-NP
Customer NN I-NP
'' '' O
-- : O
Japanese JJ B-NP
women NNS I-NP
. . O

Keizaikai NNP B-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
a DT B-NP
small JJ I-NP
but CC I-NP
growing VBG I-NP
band NN I-NP
of IN B-PP
Japanese JJ B-NP
companies NNS I-NP
taking VBG B-VP
their PRP$ B-NP
first JJ I-NP
steps NNS I-NP
into IN B-PP
American JJ B-NP
publishing NN I-NP
, , O
after IN B-PP
making VBG B-VP
major JJ B-NP
investments NNS I-NP
in IN B-PP
entertainment NN B-NP
, , I-NP
real JJ I-NP
estate NN I-NP
and CC I-NP
banking NN I-NP
companies NNS I-NP
here RB B-ADVP
. . O

Japanese JJ B-NP
concerns NNS I-NP
have VBP B-VP
retained VBN I-VP
a DT B-NP
number NN I-NP
of IN B-PP
publishing NN B-NP
consultants NNS I-NP
and CC O
media NNS B-NP
brokers NNS I-NP
to TO B-VP
study VB I-VP
the DT B-NP
U.S. NNP I-NP
market NN I-NP
, , O
including VBG B-PP
the DT B-NP
New NNP I-NP
York-based JJ I-NP
investment NN I-NP
banker NN I-NP
Veronis NNP B-NP
, , I-NP
Suhler NNP I-NP
& CC I-NP
Associates NNPS I-NP
. . O

And CC O
they PRP B-NP
are VBP B-VP
quietly RB I-VP
linking VBG I-VP
up IN B-PRT
with IN B-PP
U.S. NNP B-NP
publishing NN I-NP
trade NN I-NP
groups NNS I-NP
. . O

`` `` O
Japanese JJ B-NP
publishers NNS I-NP
want VBP B-VP
to TO I-VP
be VB I-VP
introduced VBN I-VP
to TO B-PP
the DT B-NP
publishing NN I-NP
and CC I-NP
information NN I-NP
industries NNS I-NP
, , O
'' '' O
said VBD B-VP
John NNP B-NP
Veronis NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Veronis NNP B-NP
Suhler NNP I-NP
. . O

While IN B-SBAR
there EX B-NP
are VBP B-VP
n't RB O
any DT B-NP
major JJ I-NP
deals NNS I-NP
in IN B-PP
the DT B-NP
works NNS I-NP
currently RB B-ADVP
on IN B-PP
the DT B-NP
scale NN I-NP
of IN B-PP
Sony NNP B-NP
Corp. NNP I-NP
's POS B-NP
recent JJ O
$ $ B-ADJP
3.4 CD O
billion CD O
agreement NN B-NP
to TO B-VP
buy VB I-VP
Columbia NNP B-NP
Pictures NNP I-NP
Entertainment NNP I-NP
Inc. NNP I-NP
, , O
observers NNS B-NP
do VBP B-VP
n't RB I-VP
rule VB I-VP
out RP B-PRT
a DT B-NP
transaction NN I-NP
of IN B-PP
that DT B-NP
size NN I-NP
. . O

`` `` O
The DT B-NP
Japanese JJ I-NP
take NN B-VP
the DT B-NP
long JJ I-NP
view NN I-NP
. . O
'' '' O
said VBD B-VP
Mr. NNP B-NP
Veronis NNP I-NP
. . O

`` `` O
It PRP B-NP
may MD B-VP
not RB I-VP
be VB I-VP
weeks NNS B-NP
or CC I-NP
months NNS I-NP
, , O
but CC O
they PRP B-NP
are VBP B-VP
also RB B-ADVP
opportunistic JJ B-ADJP
and CC O
if IN B-SBAR
they PRP B-NP
feel VBP B-VP
comfortable JJ B-ADJP
, , O
they PRP B-NP
will MD B-VP
move VB I-VP
on IN B-PP
a DT B-NP
deal NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

In IN B-PP
recent JJ B-NP
months NNS I-NP
, , O
three CD B-NP
big JJ I-NP
Tokyo-based JJ I-NP
publishing NN I-NP
concerns NNS I-NP
-- : O
including VBG B-PP
Nikkei NNP B-NP
Business NNP I-NP
Publications NNPS I-NP
, , O
Nikkei NNP B-NP
Home NNP I-NP
-LRB- ( O
no DT B-NP
relation NN I-NP
-RRB- ) O
, , O
and CC O
Magazine NNP B-NP
House NNP I-NP
-- : O
applied VBN B-VP
for IN B-PP
membership NN B-NP
in IN B-PP
Magazine NNP B-NP
Publishers NNPS I-NP
of IN B-PP
America NNP B-NP
, , O
which WDT B-NP
represents VBZ B-VP
almost RB B-NP
all DT I-NP
U.S. NNP I-NP
consumer NN I-NP
magazines NNS I-NP
. . O

Japanese JJ B-NP
involvement NN I-NP
in IN B-PP
American JJ B-NP
publishing NN I-NP
has VBZ B-VP
been VBN I-VP
so RB B-ADJP
small JJ I-ADJP
to TO B-PP
date VB B-NP
that IN B-SBAR
magazines NNS B-NP
such JJ B-PP
as IN I-PP
Business NNP B-NP
Tokyo NNP I-NP
are VBP B-VP
considered VBN I-VP
groundbreakers NNS B-NP
. . O

When WRB B-ADVP
Keizaikai NNP B-NP
launched VBD B-VP
Business NNP B-NP
Tokyo NNP I-NP
in IN B-PP
1987 CD B-NP
, , O
it PRP B-NP
appealed VBD B-VP
to TO B-PP
a DT B-NP
more RBR I-NP
multinational JJ I-NP
audience NN I-NP
. . O

The DT B-NP
magazine NN I-NP
was VBD B-VP
overhauled VBN I-VP
with IN B-PP
the DT B-NP
aid NN I-NP
of IN B-PP
American JJ B-NP
magazine NN I-NP
design NN I-NP
gurus NNS I-NP
Milton NNP I-NP
Glaser NNP I-NP
and CC I-NP
Walter NNP I-NP
Bernard NNP I-NP
, , O
and CC O
targets NNS B-VP
top-level JJ B-NP
U.S. NNP I-NP
executives NNS I-NP
with IN B-PP
Japanese JJ B-NP
and CC I-NP
American JJ I-NP
advertisers NNS I-NP
. . O

American JJ B-NP
publishers NNS I-NP
appear VBP B-VP
more JJR B-ADJP
than IN I-ADJP
ready JJ I-ADJP
to TO B-VP
do VB I-VP
some DT B-NP
selling NN I-NP
. . O

Susumu NNP B-NP
Ohara NNP I-NP
, , O
president NN B-NP
of IN B-PP
Nihon NNP B-NP
Keizai NNP I-NP
Shinbun NNP I-NP
America NNP I-NP
Inc. NNP I-NP
, , O
publisher NN B-NP
of IN B-PP
the DT B-NP
Japan NNP I-NP
Economic NNP I-NP
Journal NNP I-NP
, , O
said VBD B-VP
he PRP B-NP
receives VBZ B-VP
telephone NN B-NP
calls VBZ I-NP
weekly JJ B-ADVP
from IN B-PP
media NNS B-NP
bankers NNS I-NP
on IN B-PP
whether IN O
his PRP$ B-NP
parent NN I-NP
company NN I-NP
is VBZ B-VP
interested JJ B-ADJP
in IN B-PP
buying VBG B-VP
a DT B-NP
U.S. NNP I-NP
consumer NN I-NP
or CC I-NP
business NN I-NP
magazine NN I-NP
. . O

`` `` O
The DT B-NP
Japanese JJ I-NP
are VBP B-VP
in IN B-PP
the DT B-NP
early JJ I-NP
stage NN I-NP
right RB B-ADVP
now RB I-ADVP
, , O
'' '' O
said VBD B-VP
Thomas NNP B-NP
Kenney NNP I-NP
, , O
a DT B-NP
onetime JJ I-NP
media NNS I-NP
adviser NN I-NP
for IN B-PP
First NNP B-NP
Boston NNP I-NP
Corp. NNP I-NP
who WP B-NP
was VBD B-VP
recently RB I-VP
appointed VBN I-VP
president NN B-NP
of IN B-PP
Reader NNP B-NP
's POS B-NP
Digest NNP I-NP
Association NNP I-NP
's POS B-NP
new JJ I-NP
Magazine NNP I-NP
Publishing NNP I-NP
Group NNP I-NP
. . O

`` `` O
Before IN B-ADVP
, , O
they PRP B-NP
were VBD B-VP
interested JJ B-ADJP
in IN B-PP
hard JJ B-NP
assets NNS I-NP
and CC O
they PRP B-NP
saw VBD B-VP
magazines NNS B-NP
as IN B-PP
soft JJ B-ADJP
. . O

Now RB B-ADVP
they PRP B-NP
realize VBP B-VP
magazines NNS B-NP
are VBP B-VP
as IN B-NP
much JJ I-NP
a DT I-NP
franchise NN I-NP
as IN B-SBAR
Nabisco NNP B-NP
is VBZ B-VP
a DT B-NP
franchise NN I-NP
. . O

Bell NNP B-NP
Atlantic NNP I-NP
Corp. NNP I-NP
and CC O
Southern NNP B-NP
New NNP I-NP
England NNP I-NP
Telecommunications NNPS I-NP
posted VBD B-VP
strong JJ B-NP
profit NN I-NP
gains NNS I-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
while IN B-SBAR
Nynex NNP B-NP
Corp. NNP I-NP
, , O
Pacific NNP B-NP
Telesis NNP I-NP
Group NNP I-NP
and CC O
U NNP B-NP
S NNP I-NP
West NNP I-NP
Inc. NNP I-NP
reported VBD B-VP
earnings NNS B-NP
declines NNS I-NP
for IN B-PP
the DT B-NP
period NN I-NP
. . O

Rate NN B-NP
settlements NNS I-NP
in IN B-PP
Minnesota NNP B-NP
and CC I-NP
Colorado NNP I-NP
depressed JJ B-VP
U NNP B-NP
S NNP I-NP
West NNP I-NP
's POS B-NP
third-quarter JJ I-NP
profit NN I-NP
. . O

Denver-based NNP B-NP
U NNP I-NP
S NNP I-NP
West NNP I-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
dropped VBD B-VP
8.9 CD B-NP
% NN I-NP
, , O
noting VBG B-VP
that IN B-SBAR
the DT B-NP
year-ago JJ I-NP
quarter NN I-NP
included VBD B-VP
the DT B-NP
sale NN I-NP
of IN B-PP
a DT B-NP
building NN I-NP
by IN B-PP
its PRP$ B-NP
BetaWest NNP I-NP
Properties NNP I-NP
unit NN I-NP
. . O

Revenue NN B-NP
dropped VBD B-VP
4.3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.3 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.4 CD I-NP
billion CD I-NP
, , O
reflecting VBG B-VP
declines NNS B-NP
in IN B-PP
its PRP$ B-NP
consumer-telephone JJ I-NP
sector NN I-NP
, , I-NP
long-distance JJ I-NP
carrier NN I-NP
business NN I-NP
and CC I-NP
diversified JJ I-NP
division NN I-NP
. . O

Revenue NN B-NP
from IN B-PP
business-telephone JJ B-NP
operations NNS I-NP
grew VBD B-VP
3.3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
618.9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
599.4 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

New JJ B-NP
telephone NN I-NP
lines NNS I-NP
posted VBD B-VP
healthy JJ B-NP
growth NN I-NP
. . O

Overall RB B-ADVP
they PRP B-NP
increased VBD B-VP
2.8 CD B-NP
% NN I-NP
to TO B-PP
12.1 CD B-NP
million CD I-NP
, , O
putting VBG B-VP
U NNP B-NP
S NNP I-NP
West NNP I-NP
over IN B-PP
the DT B-NP
12 CD I-NP
million CD I-NP
mark NN I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
. . O

Business NN B-NP
lines NNS I-NP
increased VBN B-VP
3.7 CD B-NP
% NN I-NP
to TO B-PP
3.3 CD B-NP
million CD I-NP
. . O

`` `` O
On IN B-PP
a DT B-NP
truly RB I-NP
comparable JJ I-NP
basis NN I-NP
, , O
we PRP B-NP
've VBP B-VP
seen VBN I-VP
modest JJ B-NP
earnings NNS I-NP
growth NN I-NP
this DT B-NP
year NN I-NP
from IN B-PP
the DT B-NP
operations NNS I-NP
of IN B-PP
our PRP$ B-NP
company NN I-NP
, , O
'' '' O
said VBD B-VP
Jack NNP B-NP
MacAllister NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
. . O

`` `` O
The DT B-NP
major JJ I-NP
negative JJ I-NP
factor NN I-NP
was VBD B-VP
the DT B-NP
cumulative JJ I-NP
impact NN I-NP
of IN B-PP
regulatory JJ B-NP
activity NN I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
two CD I-NP
years NNS I-NP
. . O
'' '' O

He PRP B-NP
said VBD B-VP
the DT B-NP
company NN I-NP
expects VBZ B-VP
to TO I-VP
be VB I-VP
`` `` O
on IN B-PP
target NN B-NP
'' '' O
with IN B-PP
analysts NNS B-NP
' POS B-NP
projections NNS I-NP
by IN B-PP
year NN B-NP
end NN I-NP
but CC O
conceded VBD B-VP
that IN B-SBAR
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
represents VBZ B-VP
`` `` O
a DT B-NP
significant JJ I-NP
challenge NN I-NP
. . O
'' '' O

Expenses NNS B-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
dropped VBD B-VP
11.2 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
664.3 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
747.7 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Yesterday NN B-NP
, , O
U NNP B-NP
S NNP I-NP
West NNP I-NP
shares NNS I-NP
rose VBD B-VP
75 CD B-NP
cents NNS I-NP
to TO B-VP
close VB I-VP
at IN B-PP
$ $ B-NP
71.25 CD I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
. . O

Philadelphia-based JJ B-NP
Bell NNP I-NP
Atlantic NNP I-NP
said VBD B-VP
net NN B-NP
rose VBD B-VP
6.5 CD B-NP
% NN I-NP
, , O
aided VBN B-VP
by IN B-PP
strong JJ B-NP
growth NN I-NP
in IN B-PP
the DT B-NP
network-services JJ I-NP
business NN I-NP
and CC O
an DT B-NP
increase NN I-NP
in IN B-PP
the DT B-NP
number NN I-NP
of IN B-PP
new JJ B-NP
telephone NN I-NP
lines NNS I-NP
. . O

Revenue NN B-NP
jumped VBD B-VP
5.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.9 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.8 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
year-ago JJ I-NP
quarter NN I-NP
. . O

Revenue NN B-NP
from IN B-PP
financial JJ B-NP
and CC I-NP
real-estate NN I-NP
services NNS I-NP
jumped VBD B-VP
23 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
177.4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
144.1 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Network-access JJ B-NP
revenue NN I-NP
from IN B-PP
long-distance JJ B-NP
telephone NN I-NP
companies NNS I-NP
increased VBN B-VP
6.4 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
618.6 CD I-NP
million CD I-NP
. . O

Bell NNP B-NP
Atlantic NNP I-NP
added VBD B-VP
148,000 CD B-NP
new JJ I-NP
telephone NN I-NP
lines NNS I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
for IN B-PP
a DT B-NP
total NN I-NP
of IN B-PP
16.9 CD B-NP
million CD I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
per-share JJ B-NP
earnings NNS I-NP
were VBD B-VP
slightly RB I-VP
reduced VBN I-VP
by IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
4.1 CD B-NP
million CD I-NP
shares NNS I-NP
of IN B-PP
treasury NN B-NP
stock NN I-NP
to TO B-PP
the DT B-NP
company NN I-NP
's POS I-NP
newly RB B-ADJP
formed VBN I-ADJP
Employee NNP B-NP
Stock NNP I-NP
Ownership NNP I-NP
Plans NNS I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
, , O
Bell NNP B-NP
Atlantic NNP I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
100.625 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.50 CD I-NP
a DT B-NP
share NN I-NP
. . O

At IN B-PP
Nynex NNP B-NP
, , O
net NN B-NP
slumped VBD B-VP
14.8 CD B-NP
% NN I-NP
, , O
primarily RB B-ADVP
because IN B-PP
of IN I-PP
a DT B-NP
continuing VBG I-NP
strike NN I-NP
by IN B-PP
60,000 CD B-NP
employees NNS I-NP
, , O
lower-than-expected JJ B-NP
profit NN I-NP
at IN B-PP
its PRP$ B-NP
New NNP I-NP
York NNP I-NP
Telephone NNP I-NP
unit NN I-NP
and CC O
significantly RB B-NP
higher JJR I-NP
taxes NNS I-NP
and CC I-NP
costs NNS I-NP
. . O

State NNP B-NP
and CC I-NP
local JJ I-NP
taxes NNS I-NP
increased VBN B-VP
to TO B-PP
$ $ B-NP
131.3 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
99.1 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Nynex NNP B-NP
said VBD B-VP
expenses NNS B-NP
rose VBD B-VP
4.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.73 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.61 CD I-NP
billion CD I-NP
, , O
a DT B-NP
$ $ I-NP
119 CD I-NP
million CD I-NP
increase NN I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
higher JJR I-NP
costs NNS I-NP
were VBD B-VP
associated VBN I-VP
with IN B-PP
acquisitions NNS B-NP
and CC O
growth NN B-NP
in IN B-PP
nonregulated JJ B-NP
business NN I-NP
units NNS I-NP
, , O
it PRP B-NP
added VBD B-VP
. . O

`` `` O
Our PRP$ B-NP
net JJ I-NP
income NN I-NP
is VBZ B-VP
n't RB O
where WRB B-ADVP
we PRP B-NP
would MD B-VP
want VB I-VP
it PRP B-NP
to TO B-VP
be VB I-VP
at IN B-PP
this DT B-NP
point NN I-NP
, , O
'' '' O
said VBD B-VP
William NNP B-NP
C. NNP I-NP
Ferguson NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
. . O

`` `` O
This DT B-NP
deviation NN I-NP
from IN B-PP
our PRP$ B-NP
past JJ I-NP
growth NN I-NP
patterns NNS I-NP
is VBZ B-VP
caused VBN I-VP
largely RB B-ADVP
by IN B-PP
lower JJR B-NP
earnings NNS I-NP
at IN B-PP
New NNP B-NP
York NNP I-NP
Telephone NNP I-NP
. . O
'' '' O

Mr. NNP B-NP
Ferguson NNP I-NP
said VBD B-VP
a DT B-NP
continued VBN I-NP
softness NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
City NNP I-NP
area NN I-NP
's POS B-NP
economy NN I-NP
and CC O
increased VBN B-NP
competition NN I-NP
, , O
particularly RB B-ADVP
in IN B-PP
the DT B-NP
private-line JJ I-NP
market NN I-NP
, , O
took VBD B-VP
a DT B-NP
heavy JJ I-NP
toll NN I-NP
on IN B-PP
earnings NNS B-NP
. . O

The DT B-NP
three-month-old JJ I-NP
strike NN I-NP
at IN B-PP
Nynex NNP B-NP
seriously RB B-ADVP
hurt VBD B-VP
the DT B-NP
installation NN I-NP
of IN B-PP
new JJ B-NP
telephone NN I-NP
lines NNS I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
. . O

Nynex NNP B-NP
said VBD B-VP
access NN B-NP
lines NNS I-NP
in IN B-PP
service NN B-NP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
quarter NN I-NP
were VBD B-VP
off IN B-ADVP
18,000 CD B-NP
from IN B-PP
the DT B-NP
previous JJ I-NP
quarter NN I-NP
, , O
which WDT B-NP
reported VBD B-VP
an DT B-NP
increase NN I-NP
of IN B-PP
160,000 CD B-NP
new JJ I-NP
access NN I-NP
lines NNS I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
3.31 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
3.18 CD I-NP
billion CD I-NP
, , O
mostly RB B-ADVP
from IN B-PP
acquisition NN B-NP
of IN B-PP
AGS NNP B-NP
Computers NNPS I-NP
and CC O
robust JJ B-NP
non-regulated JJ I-NP
businesses NNS I-NP
. . O

In IN B-PP
Big NNP B-NP
Board NNP I-NP
composite JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
Nynex NNP B-NP
common NN I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
81.125 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.625 CD I-NP
. . O

Southern NNP B-NP
New NNP I-NP
England NNP I-NP
Telecommunications NNPS I-NP
, , O
which WDT B-NP
bolstered VBD B-VP
its PRP$ B-NP
marketing NN I-NP
efforts NNS I-NP
for IN B-PP
telephone NN B-NP
and CC I-NP
non-telephone JJ I-NP
subsidiaries NNS I-NP
, , O
reported VBD B-VP
that IN O
net JJ B-NP
increased VBN B-VP
8.1 CD B-NP
% NN I-NP
. . O

Walter NNP B-NP
H. NNP I-NP
Monteith NNP I-NP
Jr. NNP I-NP
, , O
SNET NNP B-NP
chairman NN I-NP
and CC I-NP
chief JJ I-NP
executive JJ I-NP
officer NN I-NP
, , O
said VBD B-VP
: : O
`` `` O
Innovative JJ B-NP
marketing NN I-NP
of IN B-PP
our PRP$ B-NP
products NNS I-NP
and CC I-NP
services NNS I-NP
contributed VBD B-VP
to TO I-VP
increase VB I-VP
revenue NN B-NP
. . O
'' '' O

Revenue NN B-NP
and CC I-NP
sales NNS I-NP
increased VBN B-VP
7.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
423.9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
394.4 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Yellow JJ B-NP
pages NNS I-NP
advertising NN I-NP
sales NNS I-NP
rose VBD B-VP
11.8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
41.2 CD I-NP
million CD I-NP
. . O

Cost NN B-NP
and CC I-NP
expenses NNS I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
, , O
excluding VBG B-PP
interest NN B-NP
, , O
increased VBN B-VP
6.1 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
333.3 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
314 CD I-NP
million CD I-NP
the DT B-NP
year NN I-NP
before RB B-ADVP
. . O

SNET NNP B-NP
common NN I-NP
rose VBD B-VP
$ $ B-NP
1.25 CD I-NP
to TO B-PP
$ $ B-NP
85.50 CD I-NP
a DT B-NP
share NN I-NP
yesterday NN B-NP
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
. . O

San NNP B-NP
Francisco-based JJ I-NP
Pacific NNP I-NP
Telesis NNP I-NP
said VBD B-VP
net NN B-NP
declined VBD B-VP
12.6 CD B-NP
% NN I-NP
, , O
primarily RB B-ADVP
because IN B-PP
of IN I-PP
regulatory JJ B-NP
action NN I-NP
. . O

Revenue NN B-NP
was VBD B-VP
about IN B-ADJP
flat JJ I-ADJP
at IN B-PP
$ $ B-NP
2.4 CD I-NP
billion CD I-NP
. . O

Revenue NN B-NP
was VBD B-VP
reduced VBN I-VP
$ $ B-NP
33 CD I-NP
million CD I-NP
by IN B-PP
three CD B-NP
extraordinary JJ I-NP
items NNS I-NP
: : O
a DT B-NP
California NNP I-NP
Public NNP I-NP
Utilities NNP I-NP
Commission NNP I-NP
refund NN I-NP
for IN B-PP
an DT B-NP
American NNP I-NP
Telephone NNP I-NP
& CC I-NP
Telegraph NNP I-NP
Co. NNP I-NP
billing NN I-NP
adjustment NN I-NP
; : O
a DT B-NP
provision NN I-NP
for IN B-PP
productivity NN B-NP
sharing VBG I-NP
to TO B-VP
be VB I-VP
paid VBN I-VP
to TO B-PP
customers NNS B-NP
in IN B-PP
1990 CD B-NP
and CC O
a DT B-NP
one-time JJ I-NP
accrual NN I-NP
for IN B-PP
a DT B-NP
toll NN I-NP
settlement NN I-NP
with IN B-PP
long-distance JJ B-NP
telephone NN I-NP
companies NNS I-NP
. . O

Excluding VBG B-PP
the DT B-NP
one-time JJ I-NP
charges NNS I-NP
, , O
the DT B-NP
company NN I-NP
would MD B-VP
have VB I-VP
posted VBN I-VP
earnings NNS B-NP
of IN B-PP
$ $ B-NP
298 CD I-NP
million CD I-NP
, , O
or CC O
73 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

The DT B-NP
company NN I-NP
also RB B-ADVP
was VBD B-VP
hurt VBN I-VP
by IN B-PP
a DT B-NP
$ $ I-NP
289 CD I-NP
million CD I-NP
rate NN I-NP
reduction NN I-NP
that WDT B-NP
went VBD B-VP
into IN B-PP
effect NN B-NP
in IN B-PP
1989 CD B-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
a DT B-NP
good JJ I-NP
quarter NN I-NP
for IN B-PP
us PRP B-NP
in IN B-PP
terms NNS B-NP
of IN B-PP
our PRP$ B-NP
business NN I-NP
fundamentals NNS I-NP
, , O
'' '' O
said VBD B-VP
Sam NNP B-NP
Ginn NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
. . O

Pacific NNP B-NP
Telesis NNP I-NP
said VBD B-VP
new JJ B-NP
telephone NN I-NP
lines NNS I-NP
increased VBN B-VP
4.5 CD B-NP
% NN I-NP
for IN B-PP
a DT B-NP
total NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
13.5 CD I-NP
million CD I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
; : O
toll NN B-NP
calls VBZ I-NP
increased VBN B-VP
9.6 CD B-NP
% NN I-NP
to TO B-PP
807 CD B-NP
million CD I-NP
and CC O
minutes NNS B-NP
of IN B-PP
telephone NN B-NP
usage NN I-NP
increased VBN B-VP
to TO B-PP
9.9 CD B-NP
billion CD I-NP
. . O

In IN B-PP
Big NNP B-NP
Board NNP I-NP
composite JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
Pacific NNP B-NP
Telesis NNP I-NP
common NN I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
45.50 CD I-NP
, , O
up IN B-ADVP
87.5 CD B-NP
cents NNS I-NP
. . O

a DT O
- : O
Includes VBZ B-VP
a DT B-NP
one-time JJ I-NP
gain NN I-NP
of IN B-PP
$ $ B-NP
88.7 CD I-NP
million CD I-NP
from IN B-PP
a DT B-NP
commonstock NN I-NP
sale NN I-NP
by IN B-PP
U NNP B-NP
S NNP I-NP
West NNP I-NP
's POS B-NP
U NNP I-NP
S NNP I-NP
West NNP I-NP
New NNP I-NP
Vector NNP I-NP
Group NNP I-NP
. . O

b NN O
- : O
Includes VBZ B-VP
a DT B-NP
$ $ I-NP
41.3 CD I-NP
million CD I-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
FiberCom NNP B-NP
. . O

Amoco NNP B-NP
Corp. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
plunged VBD B-VP
39 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
336 CD I-NP
million CD I-NP
, , O
or CC O
65 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
as IN B-SBAR
gasoline NN B-NP
refining NN I-NP
and CC I-NP
marketing NN I-NP
profits NNS I-NP
lagged VBN B-VP
substantially RB B-ADVP
behind IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
record NN I-NP
level NN I-NP
. . O

A DT B-NP
charge NN I-NP
of IN B-PP
$ $ B-NP
80 CD I-NP
million CD I-NP
related VBN B-VP
to TO B-PP
projected VBN B-NP
environmental JJ I-NP
costs NNS I-NP
in IN B-PP
its PRP$ B-NP
refining NN I-NP
and CC I-NP
marketing NN I-NP
operations NNS I-NP
further JJ B-ADVP
depressed JJ B-VP
results NNS B-NP
. . O

A DT B-NP
spokesman NN I-NP
said VBD B-VP
Amoco NNP B-NP
completed VBD B-VP
an DT B-NP
environmental JJ I-NP
analysis NN I-NP
last JJ B-NP
quarter NN I-NP
but CC O
that IN B-SBAR
no DT B-NP
single JJ I-NP
clean-up JJ I-NP
project NN I-NP
was VBD B-VP
responsible JJ B-ADJP
. . O

In IN B-PP
the DT B-NP
1988 CD I-NP
third JJ I-NP
quarter NN I-NP
, , O
the DT B-NP
Chicago-based JJ I-NP
oil NN I-NP
company NN I-NP
earned VBD B-VP
$ $ B-NP
552 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.07 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
rose VBD B-VP
12 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
6.6 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
5.91 CD I-NP
billion CD I-NP
. . O

Aside RB B-ADVP
from IN B-PP
the DT B-NP
special JJ I-NP
charge NN I-NP
, , O
Amoco NNP B-NP
's POS B-NP
results NNS I-NP
were VBD B-VP
in IN B-PP
line NN B-NP
with IN B-PP
Wall NNP B-NP
Street NNP I-NP
estimates NNS I-NP
. . O

The DT B-NP
company NN I-NP
's POS B-NP
stock NN I-NP
ended VBD B-VP
at IN B-PP
$ $ B-NP
48.375 CD I-NP
, , O
up IN B-ADVP
25 CD B-NP
cents NNS I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
. . O

Amoco NNP B-NP
is VBZ B-VP
the DT B-NP
first JJ I-NP
major JJ I-NP
oil NN I-NP
company NN I-NP
to TO B-VP
report VB I-VP
third-quarter JJ B-NP
results NNS I-NP
. . O

Analysts NNS B-NP
expect VBP B-VP
others NNS B-NP
to TO B-VP
show VB I-VP
a DT B-NP
similar JJ I-NP
pattern NN I-NP
. . O

Generally RB B-ADVP
in IN B-PP
the DT B-NP
quarter NN I-NP
, , O
overproduction NN B-NP
of IN B-PP
gasoline NN B-NP
and CC O
higher JJR B-NP
crude JJ I-NP
oil NN I-NP
prices NNS I-NP
pressured VBD B-VP
profitability NN B-NP
. . O

The DT B-NP
industry NN I-NP
's POS B-NP
chemical NN I-NP
profits NNS I-NP
also RB B-ADVP
declined VBD B-VP
because IN B-SBAR
excess JJ B-NP
capacity NN I-NP
has VBZ B-VP
depressed JJ I-VP
prices NNS B-NP
. . O

Gasoline NN B-NP
margins NNS I-NP
may MD B-VP
rebound VB I-VP
this DT B-NP
quarter NN I-NP
, , O
some DT B-NP
industry NN I-NP
officials NNS I-NP
say VBP B-VP
, , O
but CC O
they PRP B-NP
believe VBP B-VP
chemical NN B-NP
margins NNS I-NP
could MD B-VP
worsen VB I-VP
. . O

American NNP B-NP
Petrofina NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
Dallas-based JJ I-NP
integrated VBN I-NP
oil NN I-NP
company NN I-NP
, , O
yesterday NN B-NP
said VBD B-VP
its PRP$ B-NP
third-quarter JJ I-NP
earnings NNS I-NP
declined VBN B-VP
by IN B-PP
more JJR B-NP
than IN I-NP
half NN I-NP
. . O

Fina NNP B-NP
blamed VBD B-VP
lower JJR B-NP
chemical NN I-NP
prices NNS I-NP
, , O
reduced VBN B-NP
gasoline NN I-NP
margins NNS I-NP
and CC O
refinery NN B-NP
maintenance NN I-NP
shutdowns NNS I-NP
. . O

It PRP B-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
dropped VBD B-VP
to TO B-PP
$ $ B-NP
15.1 CD I-NP
million CD I-NP
, , O
or CC O
98 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
35.2 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.66 CD I-NP
a DT B-NP
share NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
2.2 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
711.9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
696.1 CD I-NP
million CD I-NP
. . O

Amoco NNP B-NP
's POS B-NP
refining NN I-NP
and CC I-NP
marketing NN I-NP
profit NN I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
134 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
319 CD I-NP
million CD I-NP
. . O

Chemical JJ B-NP
earnings NNS I-NP
declined VBN B-VP
by IN B-PP
one-third NN B-NP
to TO B-PP
$ $ B-NP
120 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
's POS B-NP
robust JJ I-NP
levels NNS I-NP
. . O

Amoco NNP B-NP
's POS B-NP
domestic JJ I-NP
oil NN I-NP
and CC I-NP
natural JJ I-NP
gas NN I-NP
operations NNS I-NP
recorded VBD B-VP
a DT B-NP
profit NN I-NP
of IN B-PP
$ $ B-NP
104 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
compared VBN B-PP
with IN B-PP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
5 NN I-NP
million CD I-NP
, , O
`` `` O
primarily RB B-ADVP
on IN B-PP
the DT B-NP
strength NN I-NP
of IN B-PP
higher JJR B-NP
crude JJ I-NP
oil NN I-NP
prices NNS I-NP
, , O
'' '' O
said VBD B-VP
Chairman NNP B-NP
Richard NNP I-NP
M. NNP I-NP
Morrow NNP I-NP
. . O

Amoco NNP B-NP
also RB B-ADVP
sharply RB B-ADVP
boosted VBD B-VP
natural-gas NN B-NP
output NN I-NP
, , O
part NN B-NP
of IN B-PP
it PRP B-NP
from IN B-PP
properties NNS B-NP
acquired VBN B-VP
from IN B-PP
Tenneco NNP B-NP
Inc. NNP I-NP
last JJ B-NP
year NN I-NP
. . O

But CC O
foreign JJ B-NP
exploration NN I-NP
and CC I-NP
production NN I-NP
earnings NNS I-NP
fell VBD B-VP
sharply RB B-ADVP
, , O
to TO B-PP
$ $ B-NP
12 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
95 CD I-NP
million CD I-NP
. . O

Higher JJR B-NP
oil NN I-NP
prices NNS I-NP
were VBD B-VP
n't RB O
enough RB B-ADJP
to TO B-VP
offset VB I-VP
a DT B-NP
roughly RB I-NP
$ $ I-NP
20 CD I-NP
million CD I-NP
charge NN I-NP
related VBN B-VP
to TO B-PP
a DT B-NP
10 CD I-NP
% NN I-NP
reduction NN I-NP
in IN B-PP
Amoco NNP B-NP
's POS B-NP
Canadian JJ I-NP
work NN I-NP
force NN I-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
increased VBN B-NP
exploration NN I-NP
expenses NNS I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Amoco NNP B-NP
said VBD B-VP
that IN B-SBAR
net JJ B-NP
income NN I-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
1.29 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.69 CD I-NP
billion CD I-NP
but CC O
if IN B-SBAR
unusual JJ B-NP
items NNS I-NP
are VBP B-VP
excluded VBN I-VP
, , O
operations NNS B-NP
produced VBN B-VP
essentially RB B-NP
flat JJ I-NP
results NNS I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
12 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
19.93 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
17.73 CD I-NP
billion CD I-NP
. . O

James NNP B-NP
F. NNP I-NP
Gero NNP I-NP
, , O
former JJ B-NP
chairman NN I-NP
and CC I-NP
chief JJ I-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Varo NNP B-NP
Inc. NNP I-NP
, , O
and CC O
Richard NNP B-NP
J. NNP I-NP
Hatchett NNP I-NP
III NNP I-NP
, , O
a DT B-NP
Dallas NNP I-NP
investment NN I-NP
banker NN I-NP
, , O
were VBD B-VP
elected VBN I-VP
directors NNS B-NP
of IN B-PP
this DT B-NP
medical-products NNS I-NP
concern VBP I-NP
, , O
boosting VBG B-VP
the DT B-NP
board NN I-NP
to TO B-PP
seven CD B-NP
members NNS I-NP
. . O

For IN B-PP
retailers NNS B-NP
, , O
Christmas NNP B-NP
, , B-NP
not RB I-NP
Halloween NNP B-NP
, , O
promises VBZ B-VP
to TO I-VP
be VB I-VP
this DT B-NP
year NN I-NP
's POS B-NP
spookiest JJS I-NP
season NN I-NP
. . O

Many JJ B-NP
retailers NNS I-NP
fear VBP B-VP
a DT B-NP
price NN I-NP
war NN I-NP
will MD B-VP
erupt VB I-VP
if IN B-SBAR
cash-strapped JJ B-NP
companies NNS I-NP
such JJ B-PP
as IN I-PP
Campeau NNP B-NP
Corp. NNP I-NP
slash VB B-VP
tags NNS B-NP
to TO B-VP
spur VB I-VP
sales NNS B-NP
. . O

Concerns NNS B-NP
about IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
, , O
doubts VBZ B-NP
about IN B-PP
the DT B-NP
economy NN I-NP
in IN B-PP
general JJ B-ADJP
and CC O
rising VBG B-NP
competition NN I-NP
from IN B-PP
catalog NN B-NP
companies NNS I-NP
also RB B-ADVP
haunt VBP B-VP
store NN B-NP
operators NNS I-NP
. . O

`` `` O
Profits NNS B-NP
at IN B-PP
Christmas NNP B-NP
could MD B-VP
be VB I-VP
under IN B-PP
attack NN B-NP
for IN B-PP
every DT B-NP
retailer NN I-NP
, , O
'' '' O
asserts VBZ B-VP
Norman NNP B-NP
Abramson NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
of IN B-PP
Clothestime NNP B-NP
Inc. NNP I-NP
, , O
an DT B-NP
off-price JJ I-NP
chain NN I-NP
. . O

Even RB B-SBAR
if IN I-SBAR
there EX B-NP
is VBZ B-VP
n't RB O
any DT B-NP
widespread JJ I-NP
discounting NN I-NP
, , O
the DT B-NP
outlook NN I-NP
for IN B-PP
industry NN B-NP
profits NNS I-NP
is VBZ B-VP
n't RB O
good JJ B-ADJP
. . O

Management NNP B-NP
Horizons NNP I-NP
forecasts VBZ B-VP
a DT B-NP
1.4 CD I-NP
% NN I-NP
profit NN I-NP
decline NN I-NP
for IN B-PP
non-auto JJ B-NP
retailers NNS I-NP
this DT B-NP
year NN I-NP
, , O
after IN B-PP
annual JJ B-NP
drops NNS I-NP
that WDT B-NP
averaged VBD B-VP
4.5 CD B-NP
% NN I-NP
in IN B-PP
1988 CD B-NP
and CC I-NP
1987 CD I-NP
. . O

`` `` O
For IN B-PP
the DT B-NP
last JJ I-NP
two CD I-NP
and CC I-NP
a DT I-NP
half NN I-NP
years NNS I-NP
, , O
retailing NN B-NP
has VBZ B-VP
been VBN I-VP
in IN B-PP
a DT B-NP
mild JJ I-NP
recession NN I-NP
, , O
'' '' O
says VBZ B-VP
Carl NNP B-NP
Steidtmann NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
at IN B-PP
the DT B-NP
Columbus NNP I-NP
, , I-NP
Ohio NNP I-NP
, , I-NP
consulting NN I-NP
firm NN I-NP
. . O

This DT B-NP
year NN I-NP
, , O
many JJ B-NP
stores NNS I-NP
are VBP B-VP
entering VBG I-VP
the DT B-NP
Christmas NNP I-NP
season NN I-NP
in IN B-PP
turmoil NN B-NP
: : O
Bonwit NNP B-NP
Teller NNP I-NP
and CC I-NP
B. NNP I-NP
Altman NNP I-NP
parent NN I-NP
L.J. NNP I-NP
Hooker NNP I-NP
Corp. NNP I-NP
is VBZ B-VP
operating VBG I-VP
under IN B-PP
Chapter NN B-NP
11 CD I-NP
of IN B-PP
the DT B-NP
federal JJ I-NP
Bankruptcy NNP I-NP
Code NNP I-NP
; : O
B.A.T NNP B-NP
Industries NNP I-NP
PLC NNP I-NP
's POS B-NP
healthy JJ O
Saks NNP O
Fifth NNP O
Avenue NNP O
and CC O
Marshall NNP B-NP
Field NNP I-NP
's POS B-NP
chains NNS I-NP
are VBP B-VP
on IN B-PP
the DT B-NP
auction NN I-NP
block NN I-NP
; : O
Campeau NNP B-NP
's POS B-NP
Bloomingdale NNP I-NP
's POS B-NP
is VBZ B-VP
also RB B-ADVP
on IN B-PP
the DT B-NP
block NN I-NP
. . O

Industry NN B-NP
observers NNS I-NP
expect VBP B-VP
a DT B-NP
wide JJ I-NP
divergence NN I-NP
in IN B-PP
performance NN B-NP
. . O

Stores NNS B-NP
in IN B-PP
a DT B-NP
state NN I-NP
of IN B-PP
confusion NN B-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
fare VB I-VP
poorly RB B-ADVP
, , O
and CC O
to TO B-VP
lose VB I-VP
customers NNS B-NP
to TO B-PP
stable JJ B-NP
chains NNS I-NP
such JJ B-PP
as IN I-PP
Limited NNP B-NP
Inc. NNP I-NP
, , O
May NNP B-NP
Department NNP I-NP
Stores NNP I-NP
Co. NNP I-NP
and CC O
Dillard NNP B-NP
Department NNP I-NP
Stores NNP I-NP
Inc. NNP I-NP
, , O
which WDT B-NP
should MD B-VP
do VB I-VP
well RB B-ADVP
. . O

`` `` O
There EX B-NP
are VBP B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
very RB B-NP
clear JJ I-NP
winners NNS I-NP
and CC O
very RB B-NP
clear JJ I-NP
losers NNS I-NP
, , O
'' '' O
says VBZ B-VP
Cynthia NNP B-NP
Turk NNP I-NP
, , O
a DT B-NP
Touche NNP I-NP
Ross NNP I-NP
& CC I-NP
Co. NNP I-NP
retail JJ I-NP
consultant NN I-NP
. . O

Says VBZ B-VP
Mr. NNP B-NP
Steidtmann NNP I-NP
: : O
`` `` O
I PRP B-NP
'm VBP B-VP
looking VBG I-VP
for IN B-PP
a DT B-NP
bi-polar JJ I-NP
Christmas NNP I-NP
. . O
'' '' O

Economists NNS B-NP
expect VBP B-VP
general JJ B-NP
merchandise NN I-NP
sales NNS I-NP
in IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
to TO B-VP
rise VB I-VP
4.5 CD B-NP
% NN I-NP
to TO B-PP
6 CD B-NP
% NN I-NP
from IN B-PP
year-ago JJ B-NP
figures NNS I-NP
. . O

But CC O
Mr. NNP B-NP
Steidtmann NNP I-NP
predicts VBZ B-VP
that IN B-SBAR
healthy JJ B-NP
stores NNS I-NP
hawking VBG B-VP
mostly JJ B-NP
apparel NN I-NP
could MD B-VP
ring VB I-VP
up IN B-PRT
gains NNS B-NP
of IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
25 CD I-NP
% NN I-NP
to TO I-NP
30 CD I-NP
% NN I-NP
. . O

Troubled JJ B-NP
chains NNS I-NP
could MD B-VP
see VB I-VP
their PRP$ B-NP
sales NNS I-NP
drop NN B-VP
as RB B-NP
much JJ I-NP
as IN I-NP
8 CD I-NP
% NN I-NP
, , O
he PRP B-NP
believes VBZ B-VP
, , O
as IN B-SBAR
managers NNS B-NP
distracted VBN B-VP
by IN B-PP
fears NNS B-NP
about IN B-PP
the DT B-NP
future NN I-NP
allow VB B-VP
their PRP$ B-NP
stores NNS I-NP
to TO B-VP
get VB I-VP
sloppy JJ B-ADJP
. . O

Thin JJ B-NP
merchandise NN I-NP
selections NNS I-NP
at IN B-PP
the DT B-NP
most RBS I-NP
troubled JJ I-NP
chains NNS I-NP
are VBP B-VP
also RB I-VP
expected VBN I-VP
to TO I-VP
hurt VB I-VP
sales NNS B-NP
. . O

Catalog NN B-NP
companies NNS I-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
pose VB I-VP
a DT B-NP
bigger JJR I-NP
threat NN I-NP
to TO B-PP
all DT B-NP
stores VBZ I-NP
this DT B-NP
year NN I-NP
, , O
particularly RB B-ADVP
in IN B-PP
December NNP B-NP
. . O

More RBR B-NP
than IN I-NP
200 CD I-NP
catalog NN I-NP
outfits NN I-NP
are VBP B-VP
promoting VBG I-VP
a DT B-NP
low-cost JJ I-NP
Federal NNP I-NP
Express NNP I-NP
service NN I-NP
that IN B-NP
guarantees NNS B-VP
pre-Christmas JJ B-NP
delivery NN I-NP
of IN B-PP
orders NNS B-NP
made VBN B-VP
by IN B-PP
a DT B-NP
certain JJ I-NP
date NN I-NP
. . O

`` `` O
Traditionally RB B-ADVP
, , O
consumers NNS B-NP
were VBD B-VP
concerned VBN I-VP
about IN B-PP
ordering VBG B-VP
after IN B-PP
the DT B-NP
first JJ I-NP
of IN B-PP
December NNP B-NP
because IN B-SBAR
they PRP B-NP
did VBD B-VP
n't RB I-VP
believe VB I-VP
they PRP B-NP
would MD B-VP
get VB I-VP
it PRP B-NP
by IN B-PP
Christmas NNP B-NP
, , O
'' '' O
says VBZ B-VP
Adam NNP B-NP
Strum NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
Wine NNP I-NP
Enthusiast NNP I-NP
Inc. NNP I-NP
, , O
which WDT B-NP
sells VBZ B-VP
wine NN B-NP
cellars NNS I-NP
and CC I-NP
accessories NNS I-NP
through IN B-PP
the DT B-NP
mail NN I-NP
. . O

Using VBG B-VP
Federal NNP B-NP
Express NNP I-NP
delivery NN I-NP
last JJ B-NP
year NN I-NP
, , O
Mr. NNP B-NP
Strum NNP I-NP
says VBZ B-VP
, , O
`` `` O
December NNP B-NP
was VBD B-VP
our PRP$ B-NP
biggest JJS I-NP
month NN I-NP
. . O
'' '' O

Even RB B-NP
Sears NNP I-NP
, , I-NP
Roebuck NNP I-NP
& CC I-NP
Co. NNP I-NP
is VBZ B-VP
getting VBG I-VP
into IN B-PP
the DT B-NP
act NN I-NP
, , O
offering NN B-VP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
to TO B-VP
have VB I-VP
Federal NNP B-NP
Express NNP I-NP
deliver VB B-VP
toys NNS B-NP
ordered VBN B-VP
by IN B-PP
Dec. NNP B-NP
20 CD I-NP
from IN B-PP
its PRP$ B-NP
Wish VB I-NP
Book NNP I-NP
catalog NN I-NP
. . O

K NNP B-NP
mart NNP I-NP
Corp. NNP I-NP
Chairman NNP I-NP
Joseph NNP I-NP
E. NNP I-NP
Antonini NNP I-NP
summed VBD B-VP
up IN B-PRT
his PRP$ B-NP
outlook NN I-NP
for IN B-PP
the DT B-NP
Christmas NNP I-NP
season NN I-NP
as IN B-PP
`` `` O
not RB B-ADJP
troublesome JJ I-ADJP
. . O
'' '' O

He PRP B-NP
's VBZ B-VP
not RB I-VP
predicting VBG I-VP
a DT B-NP
blockbuster NN I-NP
, , O
but CC O
he PRP B-NP
is VBZ B-VP
`` `` O
more RBR B-ADJP
optimistic JJ I-ADJP
than IN B-PP
three CD B-NP
months NNS I-NP
ago RB B-ADVP
'' '' O
because IN B-SBAR
employment NN B-NP
remains VBZ B-VP
strong JJ B-ADJP
and CC O
inflation NN B-NP
low JJ B-ADJP
. . O

Other JJ B-NP
retailers NNS I-NP
are VBP B-VP
also RB I-VP
preparing VBG I-VP
for IN B-PP
a DT B-NP
ho-hum JJ I-NP
holiday NN I-NP
. . O

Philip NNP B-NP
M. NNP I-NP
Hawley NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Carter NNP B-NP
Hawley NNP I-NP
Hale NNP I-NP
Stores NNP I-NP
Inc. NNP I-NP
, , O
expects VBZ B-VP
sales NNS B-NP
at IN B-PP
department NN B-NP
stores NNS I-NP
open JJ B-ADJP
at IN B-NP
least JJS I-NP
a DT I-NP
year NN I-NP
to TO B-VP
rise VB I-VP
a DT B-NP
modest JJ I-NP
3 CD I-NP
% NN I-NP
to TO I-NP
5 VB I-NP
% NN I-NP
over IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
totals VBZ I-NP
, , O
both DT B-PP
for IN I-PP
his PRP$ B-NP
company NN I-NP
and CC O
the DT B-NP
industry NN I-NP
in IN B-PP
general NN B-NP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
not RB I-VP
looking VBG I-VP
for IN B-PP
a DT B-NP
runaway JJ I-NP
Christmas NNP I-NP
at IN B-ADVP
all DT I-ADVP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
It PRP B-NP
is VBZ B-VP
n't RB O
a DT B-NP
real JJ I-NP
boom NN I-NP
holiday NN I-NP
season NN I-NP
in IN B-PP
our PRP$ B-NP
eyes NNS I-NP
, , O
'' '' O
says VBZ B-VP
Woolworth NNP B-NP
Corp. NNP I-NP
Chairman NNP I-NP
Harold NNP I-NP
E. NNP I-NP
Sells NNP I-NP
, , O
`` `` O
but CC O
it PRP B-NP
is VBZ B-VP
n't RB I-VP
going VBG I-VP
to TO I-VP
be VB I-VP
a DT B-NP
bust NN I-NP
either RB B-ADVP
. . O
'' '' O

Mr. NNP B-NP
Sells NNP I-NP
expects VBZ B-VP
fourth-quarter JJ B-NP
sales NNS I-NP
at IN B-PP
his PRP$ B-NP
company NN I-NP
-- : O
which WDT B-NP
besides IN B-PP
Woolworth NNP B-NP
stores NNS I-NP
includes VBZ B-VP
Kinney NNP B-NP
and CC I-NP
Foot NNP I-NP
Locker NNP I-NP
shoe NN I-NP
stores NNS I-NP
and CC O
other JJ B-NP
specialty NN I-NP
chains NNS I-NP
-- : O
to TO B-VP
rise VB I-VP
`` `` O
pretty RB B-ADVP
much JJ I-ADVP
in IN B-PP
line NN B-NP
'' '' O
with IN B-PP
its PRP$ B-NP
year-to-date JJ I-NP
increases NNS I-NP
of IN B-PP
between IN B-NP
8 CD I-NP
% NN I-NP
and CC I-NP
9 CD I-NP
% NN I-NP
. . O

The DT B-NP
estimate NN I-NP
includes VBZ B-VP
the DT B-NP
results NNS I-NP
of IN B-PP
new JJ B-NP
stores NNS I-NP
. . O

A DT B-NP
consumer NN I-NP
poll NN I-NP
conducted VBN B-VP
in IN B-PP
early JJ B-NP
September NNP I-NP
by IN B-PP
Leo NNP B-NP
J. NNP I-NP
Shapiro NNP I-NP
& CC I-NP
Associates NNPS I-NP
, , O
a DT B-NP
market NN I-NP
researcher NN I-NP
based VBN B-VP
in IN B-PP
Chicago NNP B-NP
, , O
also RB B-ADVP
suggests VBZ B-VP
a DT B-NP
modest JJ I-NP
holiday NN I-NP
. . O

Of IN B-PP
the DT B-NP
450 CD I-NP
survey NN I-NP
respondents NNS I-NP
, , O
35 CD B-NP
% NN I-NP
said VBD B-VP
they PRP B-NP
expect VBP B-VP
to TO I-VP
spend VB I-VP
less JJR B-NP
buying VBG B-VP
Christmas NNP B-NP
gifts NNS I-NP
this DT B-NP
year NN I-NP
than IN B-PP
last JJ B-NP
year NN I-NP
, , O
while IN B-SBAR
28 CD B-NP
% NN I-NP
said VBD B-VP
they PRP B-NP
expect VBP B-VP
to TO I-VP
spend VB I-VP
more JJR B-NP
and CC O
37 CD B-NP
% NN I-NP
said VBD B-VP
their PRP$ B-NP
gift NN I-NP
budget NN I-NP
would MD B-VP
stay VB I-VP
the DT B-NP
same JJ I-NP
. . O

The DT B-NP
results NNS I-NP
are VBP B-VP
almost RB B-ADJP
identical JJ I-ADJP
to TO B-PP
Shapiro NNP B-NP
's POS B-NP
September NNP I-NP
1988 CD I-NP
numbers NNS I-NP
. . O

Retailers NNS B-NP
could MD B-VP
get VB I-VP
a DT B-NP
boost NN I-NP
this DT B-NP
year NN I-NP
from IN B-PP
the DT B-NP
calendar NN I-NP
. . O

Christmas NNP B-NP
falls VBZ B-VP
on IN B-PP
a DT B-NP
Monday NNP I-NP
, , O
creating VBG B-VP
a DT B-NP
big JJ I-NP
last-minute JJ I-NP
weekend NN I-NP
opportunity NN I-NP
for IN B-PP
stores NNS B-NP
. . O

Most JJS B-NP
will MD B-VP
stay VB I-VP
open JJ B-ADJP
late JJ B-ADVP
Saturday NNP B-NP
night NN I-NP
and CC O
open JJ B-VP
their PRP$ B-NP
doors NNS I-NP
again RB B-ADVP
Sunday NNP B-NP
. . O

But CC O
many JJ B-NP
consumers NNS I-NP
probably RB B-ADVP
will MD B-VP
use VB I-VP
the DT B-NP
extra JJ I-NP
time NN I-NP
to TO B-VP
put VB I-VP
off IN B-PRT
some DT B-NP
purchasing NN I-NP
until IN B-PP
the DT B-NP
last JJ I-NP
minute NN I-NP
. . O

`` `` O
What WP B-NP
you PRP B-NP
'll MD B-VP
hear VB I-VP
as IN B-SBAR
we PRP B-NP
get VBP B-VP
into IN B-PP
December NNP B-NP
is VBZ B-VP
that IN B-SBAR
sales NNS B-NP
are VBP B-VP
sluggish JJ B-ADJP
, , O
'' '' O
predicts VBZ B-VP
Woolworth NNP B-NP
's POS B-NP
Mr. NNP I-NP
Sells NNP I-NP
. . O

`` `` O
The DT B-NP
week NN I-NP
ending VBG B-VP
the DT B-NP
24th NN I-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
save VB I-VP
the DT B-NP
entire JJ I-NP
month NN I-NP
for IN B-PP
everyone NN B-NP
. . O

The DT B-NP
Spanish JJ I-NP
author NN I-NP
Camilo NNP I-NP
Jose NNP I-NP
Cela NNP I-NP
won VBD B-VP
the DT B-NP
Nobel NNP I-NP
Prize NNP I-NP
for IN B-PP
literature NN B-NP
yesterday NN B-NP
, , O
a DT B-NP
surprising JJ I-NP
choice NN I-NP
, , O
but CC O
given VBN B-PP
the DT B-NP
Swedish NNP I-NP
Academy NNP I-NP
's POS B-NP
past JJ I-NP
perversities NNS I-NP
, , O
hardly RB B-ADVP
the DT B-NP
most RBS I-NP
undeserved JJ I-NP
and CC I-NP
ridiculous JJ I-NP
accolade NN I-NP
handed VBD B-VP
out IN B-PRT
by IN B-PP
the DT B-NP
awarding VBG I-NP
committee NN I-NP
. . O

In IN B-PP
Spain NNP B-NP
, , O
anyway RB B-ADVP
, , O
the DT B-NP
73-year-old NNP I-NP
Mr. NNP I-NP
Cela NNP I-NP
enjoys VBZ B-VP
some DT B-NP
renown NN I-NP
for IN B-PP
the DT B-NP
novels NNS I-NP
and CC I-NP
travel NN I-NP
books NNS I-NP
he PRP B-NP
wrote VBD B-VP
during IN B-PP
the DT B-NP
parched VBN I-NP
Franco NNP I-NP
years NNS I-NP
, , O
the DT B-NP
everyday JJ I-NP
poverty NN I-NP
and CC O
stagnant JJ B-NP
atmosphere NN I-NP
of IN B-PP
which WDT B-NP
he PRP B-NP
described VBD B-VP
in IN B-PP
brutally RB B-NP
direct JJ I-NP
, , I-NP
vivid JJ I-NP
prose NN I-NP
, , O
beginning VBG B-VP
with IN B-PP
`` `` O
The DT B-NP
Family NNP I-NP
of IN B-PP
Pascal NNP B-NP
Duarte NNP I-NP
'' '' O
-LRB- ( O
1942 CD B-NP
-RRB- ) O
. . O

Unlike IN B-PP
other JJ B-NP
writers NNS I-NP
who WP B-NP
either DT B-VP
battled VBD I-VP
the DT B-NP
fascists NNS I-NP
during IN B-PP
the DT B-NP
Civil NNP I-NP
War NNP I-NP
, , O
or CC O
left VBD B-VP
Spain NNP B-NP
when WRB B-ADVP
Franco NNP B-NP
triumphed VBD B-VP
, , O
Mr. NNP B-NP
Cela NNP I-NP
fought VBD B-VP
briefly NN B-ADVP
on IN B-PP
the DT B-NP
general NN I-NP
's POS B-NP
side NN I-NP
, , O
no DT B-NP
doubt NN I-NP
earning VBG B-VP
with IN B-PP
his PRP$ B-NP
war NN I-NP
wound NN I-NP
some DT B-NP
forbearance NN I-NP
when WRB B-ADVP
he PRP B-NP
went VBD B-VP
on IN B-PRT
to TO B-VP
depict VB I-VP
a DT B-NP
country NN I-NP
with IN B-PP
a DT B-NP
high JJ I-NP
population NN I-NP
of IN B-PP
vagabonds NNS B-NP
, , O
murderers NNS B-NP
and CC O
rural JJ B-NP
idiots NNS I-NP
trudging VBG B-VP
aimlessly RB B-ADVP
through IN B-PP
a DT B-NP
dried-out JJ I-NP
land NN I-NP
. . O

Still RB B-ADVP
, , O
it PRP B-NP
was VBD B-VP
in IN B-PP
Argentine JJ B-NP
editions NNS I-NP
that IN B-ADVP
his PRP$ B-NP
countrymen NNS I-NP
first JJ B-ADVP
read VB B-VP
his PRP$ B-NP
story NN I-NP
of IN B-PP
Pascal NNP B-NP
Duarte NNP I-NP
, , O
a DT B-NP
field NN I-NP
worker NN I-NP
who WP B-NP
stabbed VBD B-VP
his PRP$ B-NP
mother NN I-NP
to TO B-PP
death NN B-NP
and CC O
has VBZ B-VP
no DT B-NP
regrets VBZ I-NP
as IN B-SBAR
he PRP B-NP
awaits VBZ B-VP
his PRP$ B-NP
end NN I-NP
in IN B-PP
a DT B-NP
prison NN I-NP
cell NN I-NP
: : O
`` `` O
Fate NNP B-NP
directs VBZ B-VP
some DT B-NP
men NNS I-NP
down IN B-PP
the DT B-NP
flower-bordered JJ I-NP
path NN I-NP
, , O
and CC O
others NNS B-NP
down IN B-PP
the DT B-NP
road NN I-NP
bordered VBN B-VP
with IN B-PP
thistles NNS B-NP
and CC O
prickly JJ B-NP
pears NNS I-NP
. . O

The DT B-NP
lucky JJ I-NP
ones NNS I-NP
gaze VBP B-VP
out IN B-ADVP
at IN B-PP
life NN B-NP
with IN B-PP
serene JJ B-NP
eyes NNS I-NP
and CC O
smile NN B-VP
with IN B-PP
a DT B-NP
face NN I-NP
of IN B-PP
innocence NN B-NP
at IN B-PP
their PRP$ B-NP
perfumed JJ I-NP
happiness NN I-NP
. . O

The DT B-NP
others NNS I-NP
endure VBP B-VP
the DT B-NP
hot JJ I-NP
sun NN I-NP
of IN B-PP
the DT B-NP
plains NNS I-NP
and CC O
scowl VBP B-VP
like IN B-PP
cornered VBN B-NP
wild JJ I-NP
beasts NNS I-NP
. . O
'' '' O

Mr. NNP B-NP
Cela NNP I-NP
himself PRP B-NP
was VBD B-VP
one CD B-NP
of IN B-PP
the DT B-NP
lucky JJ I-NP
ones NNS I-NP
, , O
his PRP$ B-NP
fortunes NNS I-NP
steadily RB B-ADVP
increasing VBG B-VP
over IN B-PP
the DT B-NP
decades NNS I-NP
he PRP B-NP
spent VBD B-VP
putting VBG B-VP
out RP B-PRT
some DT B-NP
70 CD I-NP
travelogues NNS I-NP
, , I-NP
novels NNS I-NP
, , I-NP
short JJ I-NP
story NN I-NP
collections NNS I-NP
and CC I-NP
poetry NN I-NP
. . O

These DT B-NP
days NNS I-NP
, , O
he PRP B-NP
is VBZ B-VP
as IN B-NP
known VBN I-NP
for IN B-PP
his PRP$ B-NP
flamboyant JJ I-NP
tastes NNS I-NP
and CC O
the DT B-NP
youthful JJ I-NP
muse NN I-NP
who WP B-NP
shares VBZ B-VP
his PRP$ B-NP
life NN I-NP
as IN B-SBAR
he PRP B-NP
is VBZ B-VP
for IN B-PP
his PRP$ B-NP
books NNS I-NP
. . O

The DT B-NP
man NN I-NP
who WP B-NP
wore VBD B-VP
out RP B-PRT
his PRP$ B-NP
shoes NNS I-NP
wandering VBG B-VP
around IN B-PP
Guadalajara NNP B-NP
in IN B-PP
1958 CD B-NP
, , O
describing VBG B-VP
in IN B-PP
his PRP$ B-NP
travel NN I-NP
book NN I-NP
`` `` O
Viaje NNP B-NP
a DT I-NP
la FW I-NP
Alcarria NNP I-NP
'' '' O
how WRB B-ADVP
he PRP B-NP
scrounged VBD B-VP
for IN B-PP
food NN B-NP
and CC O
stayed VBD B-VP
in IN B-PP
squalid JJ B-NP
inns NNS I-NP
, , O
now RB B-ADVP
tours VBZ B-VP
Spain NNP B-NP
in IN B-PP
a DT B-NP
Rolls-Royce NNP I-NP
. . O

Of IN B-PP
his PRP$ B-NP
10 CD I-NP
novels NNS I-NP
, , O
`` `` O
The DT B-NP
Hive NNP I-NP
'' '' O
-LRB- ( O
1951 CD B-NP
-RRB- ) O
, , O
full JJ B-ADJP
of IN B-PP
sharp JJ B-NP
vignettes NNS I-NP
of IN B-PP
Madrid NNP B-NP
life NN I-NP
and CC O
centered VBN B-ADJP
on IN B-PP
a DT B-NP
cafe NN I-NP
run NN B-VP
by IN B-PP
Dona NNP B-NP
Rosa NNP I-NP
, , O
a DT B-NP
foul-mouthed JJ I-NP
, , I-NP
broad-based JJ I-NP
woman NN I-NP
with IN B-PP
blackened VBN B-NP
little JJ I-NP
teeth NNS I-NP
encrusted VBN B-VP
in IN B-PP
filth NN B-NP
, , O
used VBN B-VP
to TO I-VP
be VB I-VP
available JJ B-ADJP
in IN B-PP
English NNP B-NP
, , O
translated VBN B-VP
by IN B-PP
J.M. NNP B-NP
Cohen NNP I-NP
and CC O
published VBN B-VP
by IN B-PP
Ecco NNP B-NP
Press NNP I-NP
, , O
which WDT B-NP
now RB B-ADVP
no DT B-NP
doubt NN I-NP
regrets VBZ B-VP
relinquishing VBG I-VP
its PRP$ B-NP
copyright NN I-NP
. . O

Here RB B-ADVP
is VBZ B-VP
an DT B-NP
excerpt NN I-NP
: : O

The DT B-NP
lonely JJ I-NP
woman NN I-NP
walks VBZ B-VP
on IN B-PRT
in IN B-PP
the DT B-NP
direction NN I-NP
of IN B-PP
the DT B-NP
Plaza NNP I-NP
de FW I-NP
Alonso NNP I-NP
Martinez NNP I-NP
. . O

Two CD B-NP
men NNS I-NP
have VBP B-VP
a DT B-NP
conversation NN I-NP
behind IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
windows NNS I-NP
of IN B-PP
the DT B-NP
cafe NN I-NP
on IN B-PP
the DT B-NP
corner NN I-NP
of IN B-PP
the DT B-NP
boulevard NN I-NP
. . O

Both DT B-NP
are VBP B-VP
young JJ B-ADJP
, , O
one CD B-NP
twenty CD B-ADJP
odd JJ I-ADJP
, , O
the DT B-NP
other JJ I-NP
thirty CD B-ADJP
odd JJ I-ADJP
. . O

The DT B-NP
older JJR I-NP
one CD I-NP
looks VBZ B-VP
like IN B-PP
a DT B-NP
member NN I-NP
of IN B-PP
the DT B-NP
jury NN I-NP
for IN B-PP
a DT B-NP
literary JJ I-NP
award NN I-NP
, , O
the DT B-NP
younger JJR I-NP
one CD I-NP
looks VBZ B-VP
like IN B-PP
a DT B-NP
novelist NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
evident JJ B-ADJP
that IN B-SBAR
their PRP$ B-NP
conversation NN I-NP
runs VBZ B-VP
more JJR B-ADVP
or CC I-ADVP
less JJR I-ADVP
on IN B-PP
the DT B-NP
following VBG I-NP
lines NNS I-NP
: : O
`` `` O
I PRP B-NP
've VBP B-VP
submitted VBN I-VP
the DT B-NP
manuscript NN I-NP
of IN B-PP
my PRP$ B-NP
novel NN I-NP
under IN B-PP
the DT B-NP
title NN I-NP
` `` O
Teresa NNP B-NP
de FW I-NP
Cepeda NNP I-NP
, , O
' POS O
and CC O
in IN B-PP
it PRP B-NP
I PRP B-NP
've VBP B-VP
treated VBN I-VP
a DT B-NP
few RB I-NP
neglected VBN I-NP
aspects NNS I-NP
of IN B-PP
that DT B-NP
eternal JJ I-NP
problem NN I-NP
which WDT B-NP
... : O
'' '' O

`` `` B-INTJ
Oh UH I-INTJ
, , I-INTJ
yes UH I-INTJ
. . O

Will MD O
you PRP B-NP
pour VB B-VP
me PRP B-NP
a DT B-NP
drop NN I-NP
of IN B-PP
water NN B-NP
, , O
if IN B-SBAR
you PRP B-NP
do VBP B-VP
n't RB I-VP
mind VB I-VP
? . O
'' '' O

`` `` B-PP
With IN I-PP
pleasure NN B-NP
. . O

I PRP B-NP
've VBP B-VP
revised VBN I-VP
it PRP B-NP
several JJ B-NP
times NNS I-NP
and CC O
I PRP B-NP
think VBP B-VP
I PRP B-NP
may MD B-VP
say VB I-VP
with IN B-PP
pride NN B-NP
that IN B-SBAR
there EX B-NP
is VBZ B-VP
not RB O
a DT B-NP
single JJ I-NP
discordant JJ I-NP
word NN I-NP
in IN B-PP
the DT B-NP
whole JJ I-NP
text NN I-NP
. . O
'' '' O

`` `` B-ADVP
How WRB I-ADVP
interesting JJ O
. . O
'' '' O

`` `` O
I PRP B-NP
think VBP B-VP
so RB B-ADVP
. . O

I PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
the DT B-NP
quality NN I-NP
of IN B-PP
the DT B-NP
works NNS I-NP
my PRP$ B-NP
colleagues NNS I-NP
have VBP B-VP
sent VBN I-VP
in IN B-PP
, , O
but CC O
in IN B-PP
any DT B-NP
case NN I-NP
I PRP B-NP
feel VBP B-VP
confident JJ B-ADJP
that IN B-SBAR
good JJ B-NP
sense NN I-NP
and CC O
honest JJ B-NP
judgment NN I-NP
... : O
'' '' O

`` `` O
Rest VB B-VP
assured VBN B-ADJP
, , O
we PRP B-NP
proceed VBP B-VP
with IN B-PP
exemplary JJ B-NP
fairness NN I-NP
. . O
'' '' O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
doubt VB I-VP
it PRP B-NP
for IN B-PP
a DT B-NP
moment NN I-NP
. . O

It PRP B-NP
does VBZ B-VP
not RB I-VP
matter VB I-VP
if IN B-SBAR
one CD B-NP
is VBZ B-VP
defeated VBN I-VP
, , O
provided VBD O
the DT B-NP
work NN I-NP
that WDT B-NP
gets VBZ B-VP
the DT B-NP
award NN I-NP
has VBZ B-VP
unmistakable JJ B-NP
qualities NNS I-NP
. . O

What WP B-NP
's VBZ B-VP
so RB B-ADJP
discouraging VBG I-ADJP
is VBZ B-VP
... : O
'' '' O

In IN B-PP
passing VBG B-VP
the DT B-NP
window NN I-NP
, , O
Senorita NNP B-NP
Elvira NNP I-NP
gives VBZ B-VP
them PRP B-NP
a DT B-NP
smile NN I-NP
-- : O
simply RB B-ADVP
out IN B-PP
of IN B-PP
habit NN B-NP
. . O

Ashland NNP B-NP
Oil NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
take VB I-VP
after-tax JJ B-NP
charges NNS I-NP
of IN B-PP
$ $ B-NP
78 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.40 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
its PRP$ B-NP
fiscal JJ I-NP
fourth JJ I-NP
quarter NN I-NP
, , O
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
. . O

Because IN B-PP
of IN I-PP
the DT B-NP
charge NN I-NP
, , O
Ashland NNP B-NP
expects VBZ B-VP
to TO I-VP
report VB I-VP
a DT B-NP
loss NN I-NP
for IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
and CC O
`` `` O
significantly RB B-NP
lower JJR I-NP
results NNS I-NP
'' '' O
for IN B-PP
fiscal JJ B-NP
1989 CD I-NP
. . O

The DT B-NP
oil NN I-NP
refiner NN I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
report VB I-VP
fiscal JJ B-NP
fourth JJ I-NP
quarter NN I-NP
and CC I-NP
1989 CD I-NP
results NNS I-NP
next JJ B-NP
week NN I-NP
. . O

The DT B-NP
company NN I-NP
earned VBD B-VP
$ $ B-NP
66 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.19 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
2.1 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
year-ago JJ I-NP
fourth JJ I-NP
quarter NN I-NP
. . O

For IN B-PP
fiscal JJ B-NP
1988 CD I-NP
, , O
Ashland NNP B-NP
had VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
224 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.01 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
7.8 CD I-NP
billion CD I-NP
. . O

Both DT B-NP
revenue NN I-NP
figures NNS I-NP
exclude VBP B-VP
excise NN B-NP
taxes NNS I-NP
. . O

The DT B-NP
charges NNS I-NP
consist VBP B-VP
of IN B-PP
: : O
a DT B-NP
$ $ I-NP
25 CD I-NP
million CD I-NP
after-tax JJ I-NP
charge NN I-NP
to TO B-VP
cover VB I-VP
cost NN B-NP
overruns NNS I-NP
in IN B-PP
Ashland NNP B-NP
's POS B-NP
Riley NNP I-NP
Consolidated NNP I-NP
subsidiary NN I-NP
; : O
a DT B-NP
previously RB I-NP
announced VBN I-NP
$ $ I-NP
38 CD I-NP
million CD I-NP
after-tax JJ I-NP
charge NN I-NP
resulting VBG B-VP
from IN B-PP
a DT B-NP
$ $ I-NP
325 CD I-NP
million CD I-NP
settlement NN I-NP
with IN B-PP
National NNP B-NP
Iranian NNP I-NP
Oil NNP I-NP
Co. NNP I-NP
and CC O
a DT B-NP
$ $ I-NP
15 CD I-NP
million CD I-NP
after-tax JJ I-NP
charge NN I-NP
from IN B-PP
the DT B-NP
previously RB I-NP
announced VBN I-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
Ashland NNP I-NP
Technology NNP I-NP
Corp. NNP I-NP
subsidiary NN I-NP
. . O

Ashland NNP B-NP
expects VBZ B-VP
that DT B-NP
sale NN I-NP
to TO B-VP
be VB I-VP
complete JJ B-ADJP
next JJ B-NP
year NN I-NP
. . O

The DT B-NP
charge NN I-NP
for IN B-PP
the DT B-NP
Riley NNP I-NP
subsidiary NN I-NP
is VBZ B-VP
for IN B-PP
expected VBN B-NP
costs NNS I-NP
to TO B-VP
correct VB I-VP
problems NNS B-NP
with IN B-PP
certain JJ B-NP
bed NN I-NP
boilers NNS I-NP
built VBN B-VP
for IN B-PP
utilities NNS B-NP
. . O

The DT B-NP
charge NN I-NP
will MD B-VP
be VB I-VP
added VBN I-VP
to TO B-PP
$ $ B-NP
20 CD I-NP
million CD I-NP
in IN B-PP
reserves NNS B-NP
established VBD B-VP
a DT B-NP
year NN I-NP
ago RB B-ADVP
to TO B-VP
cover VB I-VP
the DT B-NP
cost NN I-NP
overruns NNS I-NP
. . O

When WRB B-ADVP
President NNP B-NP
Bush NNP I-NP
arrives VBZ B-VP
here RB B-ADVP
next JJ B-NP
week NN I-NP
for IN B-PP
a DT B-NP
hemispheric JJ I-NP
summit NN I-NP
organized VBN B-VP
to TO B-VP
commemorate VB I-VP
a DT B-NP
century NN I-NP
of IN B-PP
Costa NNP B-NP
Rican JJ I-NP
democracy NN I-NP
, , O
will MD O
he PRP B-NP
be VB B-VP
able JJ B-ADJP
to TO B-VP
deliver VB I-VP
a DT B-NP
credible JJ I-NP
message NN I-NP
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
the DT B-NP
Panamanian JJ I-NP
fiasco NN I-NP
? . O

Undoubtedly RB B-ADVP
Mr. NNP B-NP
Bush NNP I-NP
will MD B-VP
be VB I-VP
praised VBN I-VP
by IN B-PP
some DT B-NP
Latin NNP I-NP
leaders NNS I-NP
prone JJ B-ADJP
to TO B-VP
pay VB I-VP
lip NN B-NP
service NN I-NP
to TO B-PP
nonintervention NN B-NP
, , O
while IN B-SBAR
they PRP B-NP
privately RB B-ADVP
encourage VBP B-VP
more RBR B-NP
assertive JJ I-NP
U.S. NNP I-NP
action NN I-NP
to TO B-VP
remove VB I-VP
Gen. NNP B-NP
Manuel NNP I-NP
Noriega NNP I-NP
and CC O
safeguard VB B-VP
their PRP$ B-NP
countries NNS I-NP
from IN B-PP
a DT B-NP
Sandinista NNP I-NP
onslaught NN I-NP
. . O

The DT B-NP
Panamanian JJ I-NP
affair NN I-NP
is VBZ B-VP
only RB B-NP
the DT I-NP
tip NN I-NP
of IN B-PP
a DT B-NP
more RBR I-NP
alarming JJ I-NP
iceberg NN I-NP
. . O

It PRP B-NP
originates VBZ B-VP
in IN B-PP
a DT B-NP
Bush NNP I-NP
administration NN I-NP
decision NN I-NP
not RB O
to TO B-VP
antagonize VB I-VP
the DT B-NP
U.S. NNP I-NP
Congress NNP I-NP
and CC O
avoid VB B-VP
, , O
at IN B-PP
all DT B-NP
costs NNS I-NP
, , O
being VBG B-VP
accused VBN I-VP
of IN B-PP
meddling VBG B-VP
in IN B-PP
the DT B-NP
region NN I-NP
. . O

The DT B-NP
result NN I-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
dangerous JJ I-NP
vacuum NN I-NP
of IN B-PP
U.S. NNP B-NP
leadership NN I-NP
, , O
which WDT B-NP
leaves VBZ B-VP
Central NNP B-NP
America NNP I-NP
open JJ B-ADJP
to TO B-PP
Soviet JJ B-NP
adventurism NN I-NP
. . O

`` `` O
The DT B-NP
-LCB- ( I-NP
influence NN I-NP
of IN B-PP
the DT B-NP
-RCB- ) I-NP
U.S. NNP I-NP
is VBZ B-VP
not RB I-VP
being VBG I-VP
felt VBN I-VP
in IN B-PP
Central NNP B-NP
America NNP I-NP
; : O
Washington NNP B-NP
's POS B-NP
decisions NNS I-NP
do VBP B-VP
not RB I-VP
respond VB I-VP
to TO B-PP
a DT B-NP
policy NN I-NP
, , O
and CC O
are VBP B-VP
divorced VBN I-VP
from IN B-PP
reality NN B-NP
, , O
'' '' O
says VBZ B-VP
Fernando NNP B-NP
Volio NNP I-NP
, , O
a DT B-NP
Costa NNP I-NP
Rican JJ I-NP
congressman NN I-NP
and CC O
former JJ B-NP
foreign JJ I-NP
minister NN I-NP
. . O

The DT B-NP
disarray NN I-NP
of IN B-PP
the DT B-NP
Bush NNP I-NP
administration NN I-NP
's POS B-NP
Latin NNP I-NP
diplomacy NN I-NP
was VBD B-VP
evident JJ B-ADJP
in IN B-PP
the DT B-NP
failure NN I-NP
of IN B-PP
the DT B-NP
Organization NNP I-NP
of IN B-PP
American NNP B-NP
States NNPS I-NP
to TO B-VP
condemn VB I-VP
categorically RB B-ADVP
Gen. NNP B-NP
Noriega NNP I-NP
. . O

Faced VBN B-VP
with IN B-PP
this DT B-NP
embarrassment NN I-NP
, , O
U.S. NNP B-NP
diplomats NNS I-NP
expressed VBD B-VP
confidence NN B-NP
that IN B-SBAR
the DT B-NP
influential JJ I-NP
Rio NNP I-NP
Group NNP I-NP
of IN B-PP
South JJ B-NP
American JJ I-NP
nations NNS I-NP
, , O
which WDT B-NP
gathered VBD B-VP
last JJ B-NP
week NN I-NP
in IN B-PP
Peru NNP B-NP
, , O
would MD B-VP
take VB I-VP
a DT B-NP
stronger JJR I-NP
posture NN I-NP
toward IN B-PP
the DT B-NP
Panamanian JJ I-NP
dictator NN I-NP
. . O

But CC O
other JJ B-ADVP
than IN B-PP
a DT B-NP
few JJ I-NP
slaps NNS I-NP
on IN B-PP
the DT B-NP
wrist NN I-NP
, , O
Gen. NNP B-NP
Noriega NNP I-NP
went VBD B-VP
unpunished JJ B-ADJP
by IN B-PP
that DT B-NP
body NN I-NP
, , O
too RB B-ADVP
; : O
he PRP B-NP
was VBD B-VP
not RB I-VP
even RB I-VP
singled VBD I-VP
out IN B-PRT
in IN B-PP
the DT B-NP
closing VBG I-NP
statement NN I-NP
. . O

Now RB B-ADVP
Mr. NNP B-NP
Bush NNP I-NP
will MD B-VP
come VB I-VP
to TO B-PP
Costa NNP B-NP
Rica NNP I-NP
and CC O
encounter NN B-VP
Nicaraguan JJ B-NP
strongman NN I-NP
Daniel NNP I-NP
Ortega NNP I-NP
, , O
eager JJ B-ADJP
for IN B-PP
photo NN B-NP
opportunities NNS I-NP
with IN B-PP
the DT B-NP
U.S. NNP I-NP
president NN I-NP
. . O

The DT B-NP
host NN I-NP
, , O
Costa NNP B-NP
Rican NNP I-NP
President NNP I-NP
Oscar NNP I-NP
Arias NNP I-NP
, , O
did VBD B-VP
not RB I-VP
invite VB I-VP
Chile NNP B-NP
, , I-NP
Cuba NNP I-NP
, , I-NP
Panama NNP I-NP
or CC I-NP
Haiti NNP I-NP
to TO B-PP
the DT B-NP
summit NN I-NP
, , O
which WDT B-NP
was VBD B-VP
to TO I-VP
be VB I-VP
restricted VBN I-VP
to TO B-PP
democracies NNS B-NP
. . O

However RB B-ADVP
, , O
Mr. NNP B-NP
Ortega NNP I-NP
was VBD B-VP
included VBN I-VP
. . O

Formally RB B-ADVP
upgrading VBG B-VP
the DT B-NP
Sandinistas NNPS I-NP
to TO B-PP
a DT B-NP
democratic JJ I-NP
status NN I-NP
was VBD B-VP
an DT B-NP
initiative NN I-NP
harshly RB B-VP
criticized VBD I-VP
in IN B-PP
the DT B-NP
Costa NNP I-NP
Rican JJ I-NP
press NN I-NP
. . O

Even RB B-NP
Carlos NNP I-NP
Manuel NNP I-NP
Castillo NNP I-NP
-- : O
the DT B-NP
presidential JJ I-NP
candidate NN I-NP
for IN B-PP
Mr. NNP B-NP
Arias NNP I-NP
's POS B-NP
National NNP I-NP
Liberation NNP I-NP
Party NNP I-NP
-- : O
made VBN B-VP
public JJ B-ADJP
his PRP$ B-NP
opposition NN I-NP
to TO B-PP
the DT B-NP
presence NN I-NP
of IN B-PP
Nicaragua NNP B-NP
`` `` O
in IN B-PP
a DT B-NP
democratic JJ I-NP
festivity NN I-NP
. . O
'' '' O

Nevertheless RB B-ADVP
, , O
the DT B-NP
Bush NNP I-NP
administration NN I-NP
agreed VBD B-VP
to TO B-PP
the DT B-NP
dubious JJ I-NP
arrangement NN I-NP
in IN B-PP
July NNP B-NP
, , O
a DT B-NP
few JJ I-NP
weeks NNS I-NP
before IN B-SBAR
the DT B-NP
Central NNP I-NP
American JJ I-NP
presidents NNS I-NP
met VBD B-VP
in IN B-PP
Tela NNP B-NP
, , O
Honduras NNP B-NP
, , O
to TO B-VP
discuss VB I-VP
a DT B-NP
timetable NN I-NP
for IN B-PP
disbanding VBG B-VP
the DT B-NP
anti-Sandinista JJ I-NP
rebels NNS I-NP
. . O

According VBG B-PP
to TO B-PP
officials NNS B-NP
in IN B-PP
Washington NNP B-NP
, , O
the DT B-NP
State NNP I-NP
Department NNP I-NP
hoped VBD B-VP
that IN B-SBAR
by IN B-PP
pleasing JJ B-VP
President NNP B-NP
Arias NNP I-NP
, , O
it PRP B-NP
would MD B-VP
gain VB I-VP
his PRP$ B-NP
support NN I-NP
to TO B-VP
postpone VB I-VP
any DT B-NP
decision NN I-NP
on IN B-PP
the DT B-NP
Contras NNPS I-NP
until IN B-PP
after IN B-SBAR
Mr. NNP B-NP
Ortega NNP I-NP
's POS B-NP
promises NNS I-NP
of IN B-PP
democratic JJ B-NP
elections NNS I-NP
were VBD B-VP
tested VBN I-VP
next JJ B-NP
February NNP I-NP
. . O

However RB B-ADVP
, , O
relying VBG B-VP
on IN B-PP
an DT B-NP
ardent JJ I-NP
critic NN I-NP
of IN B-PP
the DT B-NP
Reagan NNP I-NP
administration NN I-NP
and CC O
the DT B-NP
Contra NNP I-NP
movement NN I-NP
for IN B-PP
help NN B-NP
in IN B-PP
delaying VBG B-VP
the DT B-NP
disarming VBG I-NP
of IN B-PP
the DT B-NP
Contras NNPS I-NP
was VBD B-VP
risky JJ B-NP
business NN I-NP
. . O

And CC O
even RB B-NP
some DT I-NP
last-minute JJ I-NP
phone NN I-NP
calls NNS I-NP
that IN B-NP
Mr. NNP B-NP
Bush NNP I-NP
made VBD B-VP
-LRB- ( O
at IN B-PP
the DT B-NP
behest NN I-NP
of IN B-PP
some DT B-NP
conservative JJ I-NP
U.S. NNP I-NP
senators NNS I-NP
-RRB- ) O
to TO B-VP
enlist VB I-VP
backing VBG B-NP
for IN B-PP
the DT B-NP
U.S. NNP I-NP
position NN I-NP
failed VBD B-VP
to TO I-VP
stop VB I-VP
the DT B-NP
march NN I-NP
of IN B-PP
Mr. NNP B-NP
Arias NNP I-NP
's POS B-NP
agenda NN I-NP
. . O

Prior RB B-ADVP
to TO B-PP
this DT B-NP
episode NN I-NP
, , O
Sen. NNP B-NP
Christopher NNP I-NP
Dodd NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Conn. NNP B-NP
-RRB- ) O
, , O
sensing VBG B-VP
an DT B-NP
open JJ I-NP
field NN I-NP
, , O
undertook VBD B-VP
a DT B-NP
personal JJ I-NP
diplomatic JJ I-NP
mission NN I-NP
through IN B-PP
Central NNP B-NP
America NNP I-NP
to TO B-VP
promote VB I-VP
an DT B-NP
early JJ I-NP
disbanding NN I-NP
of IN B-PP
the DT B-NP
rebels NNS I-NP
. . O

Visiting VBG B-VP
Nicaragua NNP B-NP
, , O
he PRP B-NP
praised VBD B-VP
the DT B-NP
Sandinistas NNPS I-NP
for IN B-PP
their PRP$ B-NP
electoral JJ I-NP
system NN I-NP
and CC O
chided VBD B-VP
the DT B-NP
Bush NNP I-NP
administration NN I-NP
for IN B-PP
not RB O
rewarding JJ B-VP
the DT B-NP
Sandinistas NNPS I-NP
. . O

In IN B-PP
Honduras NNP B-NP
, , O
where WRB B-ADVP
the DT B-NP
Contras NNPS I-NP
are VBP B-VP
a DT B-NP
hot JJ I-NP
political JJ I-NP
issue NN I-NP
, , O
he PRP B-NP
promised VBD B-VP
to TO I-VP
help VB I-VP
unblock VB I-VP
some DT B-NP
$ $ I-NP
70 CD I-NP
million CD I-NP
in IN B-PP
assistance NN B-NP
withheld VBD B-VP
due JJ B-PP
to TO I-PP
the DT B-NP
failure NN I-NP
of IN B-PP
local JJ B-NP
agencies NNS I-NP
to TO B-VP
comply VB I-VP
with IN B-PP
conditions NNS B-NP
agreed VBD B-VP
upon IN B-PP
with IN B-PP
Washington NNP B-NP
. . O

Aid NNP B-NP
was VBD B-VP
also RB B-ADVP
the DT B-NP
gist NN I-NP
of IN B-PP
the DT B-NP
talks NNS I-NP
Sen. NNP B-NP
Dodd NNP I-NP
had VBD B-VP
with IN B-PP
Salvadoran NNP B-NP
President NNP I-NP
Alfredo NNP I-NP
Cristiani NNP I-NP
; : O
Mr. NNP B-NP
Cristiani NNP I-NP
's POS B-NP
government NN I-NP
is VBZ B-VP
very RB B-ADVP
much RB I-ADVP
at IN B-PP
the DT B-NP
mercy NN I-NP
of IN B-PP
U.S. NNP B-NP
largess NN I-NP
and CC O
is VBZ B-VP
forced VBN I-VP
to TO I-VP
listen VB I-VP
very RB B-ADVP
carefully RB I-ADVP
to TO B-PP
Sen. NNP B-NP
Dodd NNP I-NP
's POS B-NP
likes VBZ I-NP
and CC I-NP
dislikes VBZ I-NP
. . O

It PRP B-NP
was VBD B-VP
therefore RB B-ADVP
not RB B-ADJP
surprising JJ I-ADJP
that WDT B-SBAR
close VBP B-NP
allies NNS I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
virtually RB B-VP
neglected VBN I-VP
by IN B-PP
the DT B-NP
Bush NNP I-NP
administration NN I-NP
, , O
ordered VBD B-VP
the DT B-NP
Nicaraguan JJ I-NP
insurgents NNS I-NP
dismantled VBN B-VP
by IN B-PP
December NNP B-NP
, , O
long RB B-ADVP
before IN B-PP
the DT B-NP
elections NNS I-NP
. . O

Fittingly RB B-ADVP
, , O
the DT B-NP
Tela NNP I-NP
Accords NNPS I-NP
were VBD B-VP
nicknamed VBN I-VP
by IN B-PP
Hondurans NNS B-NP
`` `` O
the DT B-NP
Dodd NNP I-NP
plan NN I-NP
. . O
'' '' O

The DT B-NP
individual JJ I-NP
foreign JJ I-NP
policy NN I-NP
carried VBD B-VP
out IN B-PRT
by IN B-PP
U.S. NNP B-NP
legislators NNS I-NP
adds VBZ B-VP
to TO B-PP
a DT B-NP
confusing JJ I-NP
U.S. NNP I-NP
performance NN I-NP
that WDT B-NP
has VBZ B-VP
emboldened VBN I-VP
Soviet JJ B-NP
initiatives NNS I-NP
in IN B-PP
Central NNP B-NP
America NNP I-NP
. . O

On IN B-PP
Oct. NNP B-NP
3 CD I-NP
, , O
following VBG B-PP
conversations NNS B-NP
with IN B-PP
Secretary NNP O
of IN B-PP
State NNP B-NP
James NNP B-NP
Baker NNP I-NP
, , O
Soviet NNP B-NP
Foreign NNP I-NP
Minister NNP I-NP
Eduard NNP I-NP
Shevardnadze NNP I-NP
arrived VBD B-VP
in IN B-PP
Managua NNP B-NP
to TO B-VP
acclaim VB I-VP
`` `` O
Nicaragua NNP B-NP
's POS B-NP
great JJ I-NP
peace NN I-NP
efforts NNS I-NP
. . O
'' '' O

There EX B-ADVP
, , O
Mr. NNP B-NP
Shevardnadze NNP I-NP
felt VBD B-VP
legitimized VBN I-VP
to TO I-VP
unveil VB I-VP
his PRP$ B-NP
own JJ I-NP
peace NN I-NP
plan NN I-NP
: : O
The DT B-NP
U.S.S.R. NNP I-NP
would MD B-VP
prolong VB I-VP
a DT B-NP
suspension NN I-NP
of IN B-PP
arms NNS B-NP
shipments NNS I-NP
to TO B-PP
Nicaragua NNP B-NP
after IN B-PP
the DT B-NP
February NNP I-NP
election NN I-NP
if IN B-SBAR
the DT B-NP
U.S. NNP I-NP
did VBD B-VP
likewise RB B-ADVP
with IN B-PP
its PRP$ B-NP
allies NNS I-NP
in IN B-PP
Central NNP B-NP
America NNP I-NP
. . O

He PRP B-NP
also RB B-ADVP
called VBD B-VP
on IN B-PP
Nicaragua NNP B-NP
's POS B-NP
neighbors NNS I-NP
to TO B-VP
accept VB I-VP
a DT B-NP
`` `` I-NP
military JJ I-NP
equilibrium NN I-NP
'' '' O
guaranteed VBN B-VP
by IN B-PP
both DT B-NP
superpowers NNS I-NP
. . O

The DT B-NP
Pentagon NNP I-NP
claims NNS B-VP
that IN B-SBAR
in IN B-PP
spite NN B-NP
of IN B-PP
Moscow NNP B-NP
's POS B-NP
words NNS I-NP
, , O
East NNP B-NP
bloc NN I-NP
weapons NNS I-NP
continue VBP B-VP
to TO I-VP
flow VB I-VP
into IN B-PP
Nicaragua NNP B-NP
through IN B-PP
Cuba NNP B-NP
at IN B-PP
near-record JJ B-NP
levels NNS I-NP
. . O

Since IN B-SBAR
Mr. NNP B-NP
Shevardnadze NNP I-NP
's POS B-NP
proposals NNS I-NP
followed VBD B-VP
discussions NNS B-NP
with IN B-PP
Mr. NNP B-NP
Baker NNP I-NP
, , O
speculations NNS B-NP
arose VBD B-VP
that IN B-SBAR
the DT B-NP
Bush NNP I-NP
administration NN I-NP
was VBD B-VP
seeking VBG I-VP
an DT B-NP
accommodation NN I-NP
with IN B-PP
the DT B-NP
Soviets NNPS I-NP
in IN B-PP
Central NNP B-NP
America NNP I-NP
. . O

This DT B-NP
scheme NN I-NP
would MD B-VP
fit VB I-VP
the DT B-NP
Arias NNP I-NP
Plan NNP I-NP
, , O
which WDT B-NP
declared VBD B-VP
a DT B-NP
false JJ I-NP
symmetry NN I-NP
between IN B-PP
Soviet JJ B-NP
military JJ I-NP
aid NN I-NP
to TO B-PP
the DT B-NP
Sandinista NNP I-NP
dictatorship NN I-NP
and CC O
that DT B-NP
provided VBD B-VP
by IN B-PP
Washington NNP B-NP
to TO B-PP
freely RB B-NP
elected VBN I-NP
governments NNS I-NP
. . O

Furthermore RB B-ADVP
, , O
it PRP B-NP
is VBZ B-VP
also RB B-ADVP
likely JJ B-ADJP
to TO B-VP
encourage VB I-VP
those DT B-NP
on IN B-PP
Capitol NNP B-NP
Hill NNP I-NP
asking VBG B-VP
for IN B-PP
cuts NNS B-NP
in IN B-PP
the DT B-NP
assistance NN I-NP
to TO B-PP
El NNP B-NP
Salvador NNP I-NP
if IN B-SBAR
President NNP B-NP
Cristiani NNP I-NP
does VBZ B-VP
not RB I-VP
bend VB I-VP
to TO B-PP
demands NNS B-NP
of IN B-PP
the DT B-NP
Marxist JJ I-NP
guerrillas NNS I-NP
. . O

The DT B-NP
sad JJ I-NP
condition NN I-NP
of IN B-PP
U.S. NNP B-NP
policy NN I-NP
in IN B-PP
Central NNP B-NP
America NNP I-NP
is VBZ B-VP
best RBS I-VP
depicted VBN I-VP
by IN B-PP
the DT B-NP
recent JJ I-NP
end NN I-NP
to TO B-PP
U.S. NNP B-NP
sponsorship NN I-NP
of IN B-PP
Radio NNP B-NP
Costa NNP I-NP
Rica NNP I-NP
. . O

In IN B-PP
1984 CD B-NP
, , O
the DT B-NP
Costa NNP I-NP
Rican JJ I-NP
government NN I-NP
requested VBD B-VP
help VB B-NP
to TO B-VP
establish VB I-VP
a DT B-NP
radio NN I-NP
station NN I-NP
in IN B-PP
the DT B-NP
northern JJ I-NP
part NN I-NP
of IN B-PP
the DT B-NP
country NN I-NP
, , O
flooded VBN B-VP
by IN B-PP
airwaves NNS B-NP
of IN B-PP
Sandinista NNP B-NP
propaganda NN I-NP
. . O

Recovering VBG B-VP
radiophonic JJ B-NP
sovereignty NN I-NP
was VBD B-VP
the DT B-NP
purpose NN I-NP
of IN B-PP
Radio NNP B-NP
Costa NNP I-NP
Rica NNP I-NP
, , O
funded VBN B-VP
by IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC O
affiliated VBN B-VP
with IN B-PP
the DT B-NP
Voice NNP I-NP
of IN B-PP
America NNP B-NP
-LRB- ( O
VOA NNP B-NP
-RRB- ) O
. . O

A DT B-NP
few JJ I-NP
months NNS I-NP
ago RB B-ADVP
, , O
the DT B-NP
Bush NNP I-NP
administration NN I-NP
decided VBD B-VP
to TO I-VP
stop VB I-VP
this DT B-NP
cooperation NN I-NP
, , O
leaving VBG B-VP
Radio NNP B-NP
Costa NNP I-NP
Rica NNP I-NP
operating VBG B-VP
on IN B-PP
a DT B-NP
shoestring NN I-NP
. . O

According VBG B-PP
to TO B-PP
news NN B-NP
reports NNS I-NP
, , O
the DT B-NP
abrupt JJ I-NP
termination NN I-NP
was VBD B-VP
due JJ B-ADJP
to TO B-PP
fears NNS B-NP
that IN B-SBAR
VOA NNP B-NP
transmissions NNS I-NP
could MD B-VP
interfere VB I-VP
with IN B-PP
the DT B-NP
peace NN I-NP
process NN I-NP
. . O

In IN B-PP
the DT B-NP
meantime NN I-NP
, , O
Russia NNP B-NP
gave VBD B-VP
Nicaragua NNP B-NP
another DT B-NP
powerful JJ I-NP
radio NN I-NP
transmitter NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
been VBN I-VP
installed VBN I-VP
in IN B-PP
the DT B-NP
city NN I-NP
of IN B-PP
Esteli NNP B-NP
. . O

It PRP B-NP
is VBZ B-VP
capable JJ B-ADJP
of IN B-PP
reaching VBG B-VP
the DT B-NP
entire JJ I-NP
Caribbean NNP I-NP
area NN I-NP
and CC O
deep JJ B-ADVP
into IN B-PP
North NNP B-NP
America NNP I-NP
. . O

Perhaps RB B-ADVP
its PRP$ B-NP
loud JJ I-NP
signal NN I-NP
may MD B-VP
generate VB I-VP
some DT B-NP
awareness NN I-NP
of IN B-PP
the DT B-NP
Soviet JJ I-NP
condominium NN I-NP
being VBG B-VP
created VBN I-VP
in IN B-PP
the DT B-NP
isthmus NN I-NP
thanks NNS B-ADVP
to TO B-PP
U.S. NNP B-NP
default NN I-NP
. . O

The DT B-NP
Soviet JJ I-NP
entrenchment NN I-NP
in IN B-PP
Nicaragua NNP B-NP
is VBZ B-VP
alarming JJ B-ADJP
for IN B-PP
Costa NNP B-NP
Rica NNP I-NP
, , O
a DT B-NP
peaceful JJ I-NP
democracy NN I-NP
without IN B-PP
an DT B-NP
army NN I-NP
. . O

Questioned VBN B-VP
in IN B-PP
Washington NNP B-NP
about IN B-PP
what WP B-NP
would MD B-VP
happen VB I-VP
if IN B-SBAR
his PRP$ B-NP
much-heralded JJ I-NP
peace NN I-NP
plan NN I-NP
would MD B-VP
fail VB I-VP
, , O
President NNP B-NP
Arias NNP I-NP
voiced VBD B-VP
expectations NNS B-NP
of IN B-PP
direct JJ B-NP
U.S. NNP I-NP
action NN I-NP
. . O

A DT B-NP
poll NN I-NP
conducted VBN B-VP
in IN B-PP
July NNP B-NP
by IN B-PP
a DT B-NP
Gallup NNP I-NP
affiliate NN I-NP
showed VBD B-VP
that IN B-SBAR
64 CD B-NP
% NN I-NP
of IN B-PP
Costa NNP B-NP
Ricans NNS I-NP
believe VBP B-VP
that IN B-SBAR
if IN B-SBAR
their PRP$ B-NP
country NN I-NP
is VBZ B-VP
militarily RB I-VP
attacked VBN I-VP
by IN B-PP
either DT B-NP
Nicaragua NNP I-NP
or CC I-NP
Panama NNP I-NP
, , O
the DT B-NP
U.S. NNP I-NP
will MD B-VP
come VB I-VP
to TO B-PP
its PRP$ B-NP
defense NN I-NP
. . O

But CC O
in IN B-PP
the DT B-NP
light NN I-NP
of IN B-PP
events NNS B-NP
in IN B-PP
Panama NNP B-NP
, , O
where WRB B-ADVP
the DT B-NP
U.S. NNP I-NP
has VBZ B-VP
such JJ B-NP
clear JJ I-NP
strategic JJ I-NP
interests NNS I-NP
, , O
waiting VBG B-VP
for IN B-PP
the DT B-NP
Delta NNP I-NP
Force NNP I-NP
may MD B-VP
prove VB I-VP
to TO I-VP
be VB I-VP
a DT B-NP
dangerous JJ I-NP
gambit NN I-NP
. . O

Mr. NNP B-NP
Daremblum NNP I-NP
is VBZ B-VP
a DT B-NP
lawyer NN I-NP
and CC O
a DT B-NP
columnist NN I-NP
for IN B-PP
La NNP B-NP
Nacion NNP I-NP
newspaper NN I-NP
. . O

Holiday NNP B-NP
Corp. NNP I-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
jumped VBD B-VP
89 CD B-NP
% NN I-NP
, , O
partly RB B-ADVP
on IN B-PP
the DT B-NP
strength NN I-NP
of IN B-PP
record NN B-NP
operating VBG I-NP
income NN I-NP
in IN B-PP
its PRP$ B-NP
gaming NN I-NP
division NN I-NP
. . O

Separately RB B-ADVP
, , O
the DT B-NP
hotel NN I-NP
and CC I-NP
gambling NN I-NP
giant NN I-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
proceeding VBG I-VP
with IN B-PP
plans NNS B-NP
to TO B-VP
make VB I-VP
a DT B-NP
tender NN I-NP
offer NN I-NP
and CC O
solicit VB B-VP
consents NNS B-NP
with IN B-PP
respect NN B-NP
to TO B-PP
approximately RB B-NP
$ $ I-NP
1.4 CD I-NP
billion CD I-NP
of IN B-PP
its PRP$ B-NP
publicly RB I-NP
traded VBN I-NP
debt NN I-NP
. . O

That DT B-NP
debt NN I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
the DT B-NP
$ $ I-NP
2.1 CD I-NP
billion CD I-NP
of IN B-PP
Holiday NNP B-NP
debt NN I-NP
that IN B-NP
Bass NNP B-NP
PLC NNP I-NP
of IN B-PP
Britain NNP B-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
retire VB I-VP
or CC I-VP
assume VB I-VP
when WRB B-ADVP
it PRP B-NP
agreed VBD B-VP
to TO I-VP
buy VB I-VP
the DT B-NP
Holiday NNP I-NP
Inn NNP I-NP
business NN I-NP
in IN B-PP
August NNP B-NP
. . O

Holiday NNP B-NP
said VBD B-VP
third-quarter JJ B-NP
earnings NNS I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
39.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.53 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
21 CD I-NP
million CD I-NP
, , O
or CC O
84 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Results NNS B-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
included VBD B-VP
$ $ B-NP
19.2 CD I-NP
million CD I-NP
in IN B-PP
pretax JJ B-NP
gains NNS I-NP
from IN B-PP
property NN B-NP
transactions NNS I-NP
, , O
including VBG B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
one CD B-NP
Embassy NNP I-NP
Suites NNPS I-NP
hotel NN I-NP
, , O
and CC O
$ $ B-NP
3.5 CD I-NP
million CD I-NP
of IN B-PP
nonrecurring VBG B-NP
costs NNS I-NP
associated VBN B-VP
with IN B-PP
the DT B-NP
acquisition NN I-NP
of IN B-PP
the DT B-NP
Holiday NNP I-NP
Inn NNP I-NP
business NN I-NP
by IN B-PP
Bass NNP B-NP
. . O

Holiday NNP B-NP
said VBD B-VP
operating VBG B-NP
income NN I-NP
related VBN B-VP
to TO B-PP
gaming NN B-NP
increased VBN B-VP
4.5 CD B-NP
% NN I-NP
to TO B-PP
a DT B-NP
record NN I-NP
$ $ I-NP
61.4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
58.8 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

The DT B-NP
jump NN I-NP
reflected VBD B-VP
record NN B-NP
results NNS I-NP
in IN B-PP
Las NNP B-NP
Vegas NNP I-NP
, , O
Nev. NNP B-NP
, , O
and CC O
Atlantic NNP B-NP
City NNP I-NP
, , O
N.J. NNP B-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
a DT B-NP
full JJ I-NP
quarter NN I-NP
's POS B-NP
results NNS I-NP
from IN B-PP
Harrah NNP B-NP
's POS B-NP
Del NNP I-NP
Rio NNP I-NP
in IN B-PP
Laughlin NNP B-NP
, , O
Nev NNP B-NP
. . O

Third-quarter JJ B-NP
revenue NN I-NP
rose VBD B-VP
2.7 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
433.5 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
422.1 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
earnings NNS B-NP
fell VBD B-VP
2.9 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
99.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.86 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
102.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.10 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Revenue NN B-NP
dropped VBD B-VP
1.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.21 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.23 CD I-NP
billion CD I-NP
. . O

The DT B-NP
tender NN I-NP
offer NN I-NP
and CC I-NP
consent NN I-NP
solicitation NN I-NP
will MD B-VP
be VB I-VP
made VBN I-VP
to TO B-PP
debtholders NNS B-NP
in IN B-PP
December NNP B-NP
. . O

In IN B-PP
effect NN B-NP
, , O
Holiday NNP B-NP
is VBZ B-VP
asking VBG I-VP
holders NNS B-NP
for IN B-PP
permission NN B-NP
for IN B-SBAR
Bass NNP B-NP
to TO B-VP
buy VB I-VP
their PRP$ B-NP
debt NN I-NP
. . O

Holiday NNP B-NP
said VBD B-VP
Salomon NNP B-NP
Brothers NNP I-NP
Inc. NNP I-NP
has VBZ B-VP
been VBN I-VP
retained VBN I-VP
to TO I-VP
act VB I-VP
as IN B-PP
the DT B-NP
dealer-manager NN I-NP
and CC I-NP
financial JJ I-NP
adviser NN I-NP
in IN B-PP
connection NN B-NP
with IN B-PP
the DT B-NP
offer NN I-NP
and CC I-NP
solicitation NN I-NP
. . O

The DT B-NP
debt NN I-NP
issues NNS I-NP
involved VBN B-VP
and CC O
the DT B-NP
proposed VBN I-NP
consent NN I-NP
fees NNS I-NP
and CC I-NP
cash NN I-NP
tender NN I-NP
offer NN I-NP
prices NNS I-NP
-LRB- ( O
expressed VBN B-VP
per IN B-PP
$ $ B-NP
1,000 CD I-NP
of IN B-PP
principal JJ B-NP
amount NN I-NP
-RRB- ) O
are VBP B-VP
as IN B-SBAR
follows VBZ B-VP
: : O
10 CD B-NP
1\/2 CD I-NP
% NN I-NP
senior JJ I-NP
notes NNS I-NP
due JJ B-ADJP
1994 CD B-NP
at IN B-PP
101 CD B-NP
% NN I-NP
; : O
11 CD B-NP
% NN I-NP
subordinated VBD I-NP
debt NN I-NP
due JJ B-ADJP
1999 CD B-NP
at IN B-PP
102 CD B-NP
% NN I-NP
; : O
9 CD B-NP
3\/8 CD I-NP
% NN I-NP
notes NNS I-NP
due JJ B-ADJP
1993 CD B-NP
at IN B-PP
100 CD B-NP
% NN I-NP
; : O
and CC O
8 CD B-NP
3\/8 CD I-NP
% NN I-NP
notes NNS I-NP
due JJ B-ADJP
1996 CD B-NP
at IN B-PP
95.25 CD B-NP
% NN I-NP
. . O

Holiday NNP B-NP
said VBD B-VP
its PRP$ B-NP
15 CD I-NP
% NN I-NP
notes NNS I-NP
due JJ B-ADJP
1992 CD B-NP
also RB B-ADVP
will MD B-VP
be VB I-VP
included VBN I-VP
in IN B-PP
the DT B-NP
tender NN I-NP
offer NN I-NP
and CC I-NP
consent NN I-NP
solicitation NN I-NP
at IN B-PP
a DT B-NP
price NN I-NP
to TO B-VP
be VB I-VP
determined VBN I-VP
by IN B-PP
Holiday NNP B-NP
prior RB B-ADVP
to TO B-PP
the DT B-NP
commencement NN I-NP
of IN B-PP
the DT B-NP
offer NN I-NP
. . O

The DT B-NP
television NN I-NP
units NNS I-NP
of IN B-PP
Paramount NNP B-NP
Communications NNP I-NP
Inc. NNP I-NP
and CC O
MCA NNP B-NP
Inc. NNP I-NP
are VBP B-VP
exploring VBG I-VP
the DT B-NP
possibility NN I-NP
of IN B-PP
offering NN B-VP
prime-time JJ B-NP
programming NN I-NP
to TO B-PP
independent JJ B-NP
stations NNS I-NP
two CD B-NP
nights NNS I-NP
a DT B-NP
week NN I-NP
, , O
industry NN B-NP
executives NNS I-NP
say VBP B-VP
. . O

Although IN B-SBAR
such JJ B-NP
a DT I-NP
venture NN I-NP
would MD B-VP
n't RB I-VP
match VB I-VP
the DT B-NP
`` `` I-NP
fourth JJ I-NP
network NN I-NP
'' '' O
created VBN B-VP
by IN B-PP
News NNP B-NP
Corp. NNP I-NP
's POS B-NP
Fox NNP I-NP
Broadcasting NNP I-NP
Co. NNP I-NP
, , O
MCA NNP B-NP
and CC I-NP
Paramount NNP I-NP
may MD B-VP
have VB I-VP
similar JJ B-NP
ambitions NNS I-NP
. . O

Fox NNP B-NP
, , O
which WDT B-NP
also RB B-ADVP
owns VBZ B-VP
six CD B-NP
TV NN I-NP
stations NNS I-NP
, , O
provides VBZ B-VP
programs NNS B-NP
three CD B-NP
nights NNS I-NP
a DT B-NP
week NN I-NP
to TO B-PP
those DT B-NP
and CC I-NP
other JJ I-NP
affiliates NNS I-NP
. . O

Paramount NNP B-NP
Domestic JJ I-NP
TV NN I-NP
and CC O
MCA NNP B-NP
TV NN I-NP
formed VBD B-VP
a DT B-NP
joint JJ I-NP
venture NN I-NP
last JJ B-NP
month NN I-NP
, , O
named VBN B-VP
Premier NNP B-NP
Advertiser NNP I-NP
Sales NNS I-NP
, , O
to TO B-VP
sell VB I-VP
advertising NN B-NP
in IN B-PP
programs NNS B-NP
syndicated VBN B-VP
by IN B-PP
both DT B-NP
companies NNS I-NP
, , O
such JJ B-PP
as IN I-PP
`` `` O
Star NNP B-NP
Trek NNP I-NP
: : O
the DT B-NP
Next NNP I-NP
Generation NNP I-NP
, , O
'' '' O
`` `` O
Charles NNP B-NP
in IN B-PP
Charge NNP B-NP
'' '' O
and CC O
`` `` O
Friday NNP B-NP
the DT B-NP
13th JJ I-NP
: : O
the DT B-NP
Series NNP I-NP
. . O
'' '' O

A DT B-NP
spokeswoman NN I-NP
for IN B-PP
Paramount NNP B-NP
said VBD B-VP
the DT B-NP
company NN I-NP
does VBZ B-VP
n't RB I-VP
comment VB I-VP
on IN B-PP
speculation NN B-NP
. . O

Calls NNS B-NP
to TO B-PP
Shelly NNP B-NP
Schwab NNP I-NP
, , O
president NN B-NP
of IN B-PP
MCA NNP B-NP
TV NN I-NP
, , O
were VBD B-VP
n't RB I-VP
returned VBN I-VP
. . O

The DT B-NP
two CD I-NP
companies NNS I-NP
, , O
like IN B-PP
Fox NNP B-NP
, , O
already RB B-ADVP
have VBP B-VP
their PRP$ B-NP
own JJ I-NP
TV NN I-NP
stations NNS I-NP
. . O

MCA NNP B-NP
owns VBZ B-VP
WWOR NNP B-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
and CC O
Paramount NNP B-NP
last JJ B-NP
month NN I-NP
agreed VBD B-VP
to TO I-VP
purchase VB I-VP
a DT B-NP
79 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
TVX NNP I-NP
Broadcast NNP I-NP
Group NNP I-NP
from IN B-PP
Salomon NNP B-NP
Inc. NNP I-NP
in IN B-PP
a DT B-NP
deal NN I-NP
valued VBN B-VP
at IN B-PP
$ $ B-NP
140 CD I-NP
million CD I-NP
. . O

TVX NNP B-NP
owns VBZ B-VP
five CD B-NP
stations NNS I-NP
, , O
including VBG B-PP
WTXF NNP B-NP
, , O
a DT B-NP
Fox NNP I-NP
affiliate NN I-NP
, , O
in IN B-PP
Philadelphia NNP B-NP
. . O

One CD B-NP
broadcasting NN I-NP
executive NN I-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
project NN I-NP
said VBD B-VP
the DT B-NP
co-venture NN I-NP
would MD B-VP
target VB I-VP
stations NNS B-NP
affiliated VBN B-VP
with IN B-PP
Fox NNP B-NP
because IN B-SBAR
Fox NNP B-NP
has VBZ B-VP
the DT B-NP
desirable JJ I-NP
independent JJ I-NP
stations NNS I-NP
in IN B-PP
most RBS B-NP
of IN B-PP
the DT B-NP
key JJ I-NP
cities NNS I-NP
. . O

Currently RB B-ADVP
, , O
Fox NNP B-NP
supplies NNS B-VP
programs NNS B-NP
on IN B-PP
Saturdays NNPS B-NP
, , I-NP
Sundays NNPS I-NP
and CC I-NP
Mondays NNPS I-NP
, , O
although IN B-SBAR
the DT B-NP
company NN I-NP
plans NNS B-VP
to TO I-VP
expand VB I-VP
to TO B-PP
other JJ B-NP
weeknights NNS I-NP
. . O

Jamie NNP B-NP
Kellner NNP I-NP
, , O
president NN B-NP
of IN B-PP
Fox NNP B-NP
Broadcasting NNP I-NP
, , O
said VBD B-VP
, , O
`` `` O
We PRP B-NP
believe VBP B-VP
the DT B-NP
partnership NN I-NP
of IN B-PP
Fox NNP B-NP
, , O
its PRP$ B-NP
affiliates NNS I-NP
and CC O
advertisers NNS B-NP
is VBZ B-VP
succeeding VBG I-VP
and CC O
will MD B-VP
continue VB I-VP
to TO I-VP
grow VB I-VP
. . O
'' '' O

Another DT B-NP
Fox NNP I-NP
official NN I-NP
, , O
who WP B-NP
declined VBD B-VP
to TO I-VP
be VB I-VP
identified VBN I-VP
, , O
said VBD B-VP
Fox NNP B-NP
was VBD B-VP
n't RB I-VP
pleased VBN I-VP
by IN B-PP
the DT B-NP
possible JJ I-NP
Paramount-MCA JJ I-NP
venture NN I-NP
into IN B-PP
prime-time JJ B-NP
programming NN I-NP
. . O

`` `` O
To TO B-VP
make VB I-VP
the DT B-NP
venture NN I-NP
work NN B-VP
, , O
they PRP B-NP
would MD B-VP
need VB I-VP
Fox NNP B-NP
affiliates NNS I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
We PRP B-NP
spent VBD B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
time NN B-NP
and CC I-NP
money NN I-NP
in IN B-PP
building VBG B-VP
our PRP$ B-NP
group NN I-NP
of IN B-PP
stations NNS B-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
, , O
adding VBG B-VP
that IN B-SBAR
Fox NNP B-NP
does VBZ B-VP
n't RB I-VP
`` `` I-VP
appreciate VB I-VP
'' '' O
another DT B-NP
company NN I-NP
attempting VBG B-VP
to TO I-VP
usurp VB I-VP
its PRP$ B-NP
station NN I-NP
lineup NN I-NP
. . O

Fox NNP B-NP
said VBD B-VP
it PRP B-NP
plans VBZ B-VP
to TO I-VP
offer VB I-VP
its PRP$ B-NP
stations NNS I-NP
movies NNS B-NP
, , O
theatrical JJ B-NP
and CC I-NP
made-for-TV JJ I-NP
ventures NNS I-NP
, , O
probably RB B-ADVP
on IN B-PP
Wednesdays NNS B-NP
, , O
sometime RB B-ADVP
next JJ B-NP
year NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
also RB I-VP
planning VBG I-VP
another DT B-NP
night NN I-NP
of IN B-PP
original JJ B-NP
series NN I-NP
. . O

Paramount NNP B-NP
and CC I-NP
MCA NNP I-NP
, , O
according VBG B-PP
to TO B-PP
the DT B-NP
broadcasting NN I-NP
executive NN I-NP
, , O
plan NN B-VP
to TO I-VP
offer VB I-VP
theatrical JJ B-NP
movies NNS I-NP
produced VBN B-VP
separately RB B-ADVP
by IN B-PP
Paramount NNP B-NP
and CC I-NP
MCA NNP I-NP
for IN B-PP
Wednesdays NNS B-NP
and CC O
perhaps RB B-ADVP
a DT B-NP
block NN I-NP
of IN B-PP
original JJ B-NP
shows NNS I-NP
Fridays NNPS B-NP
. . O

The DT B-NP
executive NN I-NP
said VBD B-VP
Paramount NNP B-NP
and CC I-NP
MCA NNP I-NP
have VBP B-VP
also RB I-VP
held VBN I-VP
discussions NNS B-NP
with IN B-PP
Chris-Craft NNP B-NP
Industries NNPS I-NP
' POS B-NP
broadcasting NN I-NP
unit NN I-NP
, , O
which WDT B-NP
owns VBZ B-VP
five CD B-NP
independent JJ I-NP
stations NNS I-NP
in IN B-PP
cities NNS B-NP
such JJ B-PP
as IN I-PP
Los NNP B-NP
Angeles NNP I-NP
, , O
San NNP B-NP
Francisco NNP I-NP
and CC O
Portland NNP B-NP
, , O
Ore NNP B-NP
. . O

A DT B-NP
Chris-Craft NNP I-NP
station NN I-NP
manager NN I-NP
said VBD B-VP
there EX B-NP
have VBP B-VP
been VBN I-VP
no DT B-NP
formal JJ I-NP
talks NNS I-NP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
it PRP B-NP
's VBZ B-VP
to TO B-PP
Fox NNP B-NP
's POS B-NP
advantage NN I-NP
to TO B-VP
be VB I-VP
associated VBN I-VP
with IN B-PP
the DT B-NP
Paramount-MCA JJ I-NP
venture NN I-NP
, , O
'' '' O
said VBD B-VP
Michael NNP B-NP
Conway NNP I-NP
, , O
station NN B-NP
manager NN I-NP
of IN B-PP
WTXF NNP B-NP
, , O
the DT B-NP
TVX NNP I-NP
station NN I-NP
that WDT B-NP
is VBZ B-VP
a DT B-NP
Fox NNP I-NP
affiliate NN I-NP
. . O

Mr. NNP B-NP
Conway NNP I-NP
said VBD B-VP
the DT B-NP
Fox NNP I-NP
shows VBZ I-NP
appearing VBG B-VP
on IN B-PP
nights NNS B-NP
when WRB B-ADVP
Paramount-MCA JJ B-NP
shows NNS I-NP
would MD B-VP
n't RB I-VP
be VB I-VP
offered VBN I-VP
could MD B-VP
be VB I-VP
promoted VBN I-VP
on IN B-PP
the DT B-NP
programs NNS I-NP
produced VBN B-VP
by IN B-PP
Paramount-MCA JJ B-NP
. . O

Michael NNP B-NP
Fisher NNP I-NP
, , O
general JJ B-NP
manager NN I-NP
of IN B-PP
KTXL NNP B-NP
, , O
a DT B-NP
Fox NNP I-NP
affiliate NN I-NP
in IN B-PP
Sacramento NNP B-NP
, , O
Calif. NNP B-NP
, , O
said VBD B-VP
, , O
`` `` O
The DT B-NP
real JJ I-NP
question NN I-NP
is VBZ B-VP
whether IN B-SBAR
the DT B-NP
Paramount-MCA JJ I-NP
offering NN I-NP
is VBZ B-VP
practical JJ B-ADJP
. . O

It PRP B-NP
is VBZ B-VP
n't RB O
... : O
. . O

Why WRB B-ADVP
would MD O
I PRP B-NP
consider VB B-VP
giving VBG I-VP
up IN B-PRT
Fox NNP B-NP
, , O
a DT B-NP
proven VBN I-NP
commodity NN I-NP
, , O
'' '' O
for IN B-PP
an DT B-NP
unknown JJ I-NP
venture NN I-NP
? . O

Fox NNP B-NP
attracts VBZ B-VP
a DT B-NP
young JJ I-NP
audience NN I-NP
with IN B-PP
shows VBZ B-NP
such JJ B-PP
as IN I-PP
`` `` O
Married VBN B-VP
... : O
With IN B-PP
Children NNS B-NP
, , O
'' '' O
its PRP$ B-NP
most RBS I-NP
successful JJ I-NP
series NN I-NP
. . O

Banco NNP B-NP
Popular NNP I-NP
de FW I-NP
Puerto NNP I-NP
Rico NNP I-NP
and CC O
BanPonce NNP B-NP
Corp. NNP I-NP
-- : O
agreed VBD B-VP
to TO I-VP
merge VB I-VP
in IN B-PP
a DT B-NP
transaction NN I-NP
valued VBN B-VP
at IN B-PP
$ $ B-NP
324 CD I-NP
million CD I-NP
. . O

Under IN B-PP
the DT B-NP
agreement NN I-NP
, , O
BanPonce NNP B-NP
stockholders NNS I-NP
will MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
exchange VB I-VP
each DT B-NP
of IN B-PP
their PRP$ B-NP
shares NNS I-NP
for IN B-PP
either DT O
shares NNS B-NP
in IN B-PP
the DT B-NP
new JJ I-NP
entity NN I-NP
or CC O
cash NN B-NP
. . O

In IN B-PP
each DT B-NP
case NN I-NP
, , O
the DT B-NP
exchange NN I-NP
is VBZ B-VP
valued VBN I-VP
at IN B-PP
$ $ B-NP
56.25 CD I-NP
a DT B-NP
share NN I-NP
. . O

The DT B-NP
two CD I-NP
companies NNS I-NP
, , O
both DT B-NP
based VBN B-VP
in IN B-PP
San NNP B-NP
Juan NNP I-NP
, , O
will MD B-VP
form VB I-VP
a DT B-NP
bank NN I-NP
holding VBG I-NP
company NN I-NP
with IN B-PP
assets NNS B-NP
of IN B-PP
just RB B-NP
over IN I-NP
$ $ I-NP
9 CD I-NP
billion CD I-NP
. . O

The DT B-NP
holding VBG I-NP
company NN I-NP
will MD B-VP
be VB I-VP
called VBN I-VP
BanPonce NNP B-NP
Corp NNP I-NP
. . O

The DT B-NP
primary JJ I-NP
subsidiary NN I-NP
will MD B-VP
be VB I-VP
the DT B-NP
combined VBN I-NP
banking NN I-NP
operations NNS I-NP
of IN B-PP
the DT B-NP
two CD I-NP
companies NNS I-NP
and CC O
will MD B-VP
be VB I-VP
known VBN I-VP
as IN B-PP
Banco NNP B-NP
Popular NNP I-NP
de FW I-NP
Puerto NNP I-NP
Rico NNP I-NP
. . O

Rafael NNP B-NP
Carrion NNP I-NP
Jr. NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Banco NNP B-NP
Popular NNP I-NP
, , O
will MD B-VP
be VB I-VP
the DT B-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
holding VBG I-NP
company NN I-NP
. . O

Alberto NNP B-NP
M. NNP I-NP
Paracchini NNP I-NP
, , O
currently JJ B-ADVP
chairman NN B-NP
of IN B-PP
BanPonce NNP B-NP
, , O
will MD B-VP
serve VB I-VP
as IN B-PP
president NN B-NP
of IN B-PP
the DT B-NP
bank NN I-NP
holding VBG I-NP
company NN I-NP
and CC O
chairman NN B-NP
of IN B-PP
the DT B-NP
subsidiary NN I-NP
. . O

Banco NNP B-NP
Popular NNP I-NP
originally RB B-ADVP
proposed VBD B-VP
the DT B-NP
merger NN I-NP
in IN B-PP
July NNP B-NP
, , O
in IN B-PP
a DT B-NP
cash NN I-NP
and CC I-NP
stock NN I-NP
transaction NN I-NP
valued VBN B-VP
at IN B-PP
$ $ B-NP
50 CD I-NP
a DT B-NP
share NN I-NP
, , O
or CC O
about RB B-NP
$ $ I-NP
293 CD I-NP
million CD I-NP
. . O

BanPonce NNP B-NP
reacted VBD B-VP
cooly RB B-ADVP
at IN B-PP
first JJ B-ADJP
, , O
but CC O
appeared VBD B-VP
to TO I-VP
be VB I-VP
won VBN I-VP
over IN B-PRT
, , O
analysts NNS B-NP
said VBD B-VP
, , O
by IN B-PP
Banco NNP B-NP
Popular NNP I-NP
's POS B-NP
assurances NNS I-NP
that IN B-SBAR
it PRP B-NP
wanted VBD B-VP
only RB B-NP
a DT I-NP
friendly JJ I-NP
transaction NN I-NP
. . O

`` `` O
Banco NNP B-NP
Popular NNP I-NP
just RB B-ADVP
kept VBD B-VP
waiting VBG I-VP
, , O
'' '' O
said VBD B-VP
Edward NNP B-NP
Thompson NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
and CC I-NP
analyst NN I-NP
at IN B-PP
Thomson NNP B-NP
BankWatch NNP I-NP
Inc. NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

`` `` O
They PRP B-NP
got VBD B-VP
a DT B-NP
transaction NN I-NP
that WDT B-NP
's VBZ B-VP
good JJ B-ADJP
for IN B-PP
both DT B-NP
companies NNS I-NP
. . O
'' '' O

The DT B-NP
two CD I-NP
banks NNS I-NP
appear VBP B-VP
to TO I-VP
be VB I-VP
a DT B-NP
good JJ I-NP
fit NN I-NP
. . O

BanPonce NNP B-NP
caters VBZ B-VP
to TO B-PP
a DT B-NP
more RBR I-NP
affluent JJ I-NP
customer NN I-NP
, , O
while IN B-SBAR
Banco NNP B-NP
Popular NNP I-NP
has VBZ B-VP
always RB I-VP
had VBN I-VP
a DT B-NP
large JJ I-NP
presence NN I-NP
among IN B-PP
middle-income JJ B-NP
and CC I-NP
lower-income JJ I-NP
markets NNS I-NP
. . O

The DT B-NP
merger NN I-NP
should MD B-VP
also RB I-VP
allow VB I-VP
the DT B-NP
companies NNS I-NP
to TO B-VP
reduce VB I-VP
costs NNS B-NP
by IN B-PP
combining VBG B-VP
operations NNS B-NP
in IN B-PP
many JJ B-NP
locations NNS I-NP
in IN B-PP
Puerto NNP B-NP
Rico NNP I-NP
. . O

`` `` O
They PRP B-NP
're VBP B-VP
often RB B-ADVP
right NN B-ADVP
across IN B-PP
the DT B-NP
street NN I-NP
from IN B-PP
one CD B-NP
another DT I-NP
, , O
'' '' O
Mr. NNP B-NP
Thompson NNP I-NP
said VBD B-VP
. . O

Richard NNP B-NP
Carrion NNP I-NP
, , O
who WP B-NP
is VBZ B-VP
currently JJ B-ADVP
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Banco NNP B-NP
Popular NNP I-NP
, , O
said VBD B-VP
the DT B-NP
merger NN I-NP
will MD B-VP
result VB I-VP
in IN B-PP
a DT B-NP
`` `` I-NP
larger JJR I-NP
and CC I-NP
stronger RBR I-NP
locally RB I-NP
based VBN I-NP
bank NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Carrion NNP I-NP
, , O
who WP B-NP
will MD B-VP
now RB I-VP
serve VB I-VP
as IN B-PP
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
the DT B-NP
subsidiary NN I-NP
bank NN I-NP
, , O
added VBD B-VP
: : O
`` `` O
We PRP B-NP
'll MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
better JJR I-VP
compete VB I-VP
with IN B-PP
large JJ B-NP
foreign JJ I-NP
banks NNS I-NP
. . O

It PRP B-NP
makes VBZ B-VP
sense NN B-NP
from IN B-PP
a DT B-NP
strategic JJ I-NP
standpoint NN I-NP
. . O
'' '' O

The DT B-NP
newly RB I-NP
merged VBN I-NP
company NN I-NP
will MD B-VP
have VB I-VP
165 CD B-NP
branches NNS I-NP
in IN B-PP
Puerto NNP B-NP
Rico NNP I-NP
and CC O
27 CD B-NP
branches NNS I-NP
outside IN B-ADVP
of IN B-PP
the DT B-NP
island NN I-NP
. . O

The DT B-NP
banks NNS I-NP
said VBD B-VP
they PRP B-NP
do VBP B-VP
n't RB I-VP
expect VB I-VP
the DT B-NP
merger NN I-NP
to TO B-VP
face VB I-VP
any DT B-NP
regulatory JJ I-NP
hurdles NNS I-NP
. . O

Mr. NNP B-NP
Carrion NNP I-NP
said VBD B-VP
the DT B-NP
merger NN I-NP
should MD B-VP
be VB I-VP
completed VBN I-VP
in IN B-PP
six CD B-NP
to TO I-NP
nine CD I-NP
months NNS I-NP
. . O

Hit VBN B-VP
by IN B-PP
higher JJR B-NP
costs NNS I-NP
and CC O
lower JJR B-NP
sales NNS I-NP
, , O
Caterpillar NNP B-NP
Inc. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
earnings NNS I-NP
tumbled VBD B-VP
43 CD B-NP
% NN I-NP
and CC O
full-year JJ B-NP
earnings NNS I-NP
will MD B-VP
trail VB I-VP
last JJ B-NP
year NN I-NP
's POS B-NP
results NNS I-NP
. . O

The DT B-NP
construction NN I-NP
equipment NN I-NP
maker NN I-NP
said VBD B-VP
third-quarter JJ B-NP
profit NN I-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
108 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.07 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
190 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.87 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
dropped VBD B-VP
6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.58 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.74 CD I-NP
billion CD I-NP
, , O
reflecting VBG B-VP
eight CD B-NP
fewer JJR I-NP
business NN I-NP
days NNS I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
. . O

The DT B-NP
company NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
in IN B-PP
a DT B-NP
costly JJ I-NP
modernization NN I-NP
program NN I-NP
, , O
said VBD B-VP
earnings NNS B-NP
were VBD B-VP
hurt VBN I-VP
by IN B-PP
higher JJR B-NP
start-up JJ I-NP
and CC I-NP
new JJ I-NP
program NN I-NP
costs NNS I-NP
, , O
increased VBN B-NP
costs NNS I-NP
of IN B-PP
materials NNS B-NP
, , O
higher JJR B-NP
wages NNS I-NP
and CC O
an DT B-NP
$ $ I-NP
11 CD I-NP
million CD I-NP
provision NN I-NP
for IN B-PP
bad JJ B-NP
debts NNS I-NP
in IN B-PP
Latin NNP B-NP
America NNP I-NP
. . O

In IN B-PP
announcing VBG B-VP
a DT B-NP
1989 CD I-NP
capital NN I-NP
spending NN I-NP
plan NN I-NP
of IN B-PP
$ $ B-NP
950 CD I-NP
million CD I-NP
early JJ B-NP
this DT I-NP
year NN I-NP
, , O
Caterpillar NNP B-NP
said VBD B-VP
full-year JJ B-NP
earnings NNS I-NP
would MD B-VP
be VB I-VP
flat RB B-ADJP
compared VBN B-PP
with IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
$ $ I-NP
616 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
6.07 CD I-NP
a DT B-NP
share NN I-NP
. . O

But CC O
yesterday NN B-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
this DT B-NP
year NN I-NP
's POS B-NP
profit NN I-NP
will MD B-VP
be VB I-VP
lower JJR B-ADJP
. . O

It PRP B-NP
did VBD B-VP
n't RB I-VP
say VB I-VP
by IN B-PP
how WRB B-NP
much JJ I-NP
. . O

Suffering VBG B-VP
from IN B-PP
a DT B-NP
downturn NN I-NP
in IN B-PP
heavy JJ B-NP
truck NN I-NP
production NN I-NP
that WDT B-NP
cut VBP B-VP
orders NNS B-NP
for IN B-PP
its PRP$ B-NP
engines NNS I-NP
, , O
Caterpillar NNP B-NP
also RB B-ADVP
said VBD B-VP
it PRP B-NP
will MD B-VP
indefinitely RB I-VP
lay VB I-VP
off IN B-PRT
about IN B-NP
325 CD I-NP
workers NNS I-NP
in IN B-PP
the DT B-NP
Peoria NNP I-NP
area NN I-NP
and CC O
temporarily RB B-VP
shut VBN I-VP
its PRP$ B-NP
plant NN I-NP
in IN B-PP
York NNP B-NP
, , O
Pa. NNP B-NP
, , O
for IN B-PP
two CD B-NP
weeks NNS I-NP
in IN B-PP
both DT B-NP
November NNP I-NP
and CC I-NP
December NNP I-NP
. . O

For IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
of IN B-PP
the DT B-NP
year NN I-NP
, , O
Caterpillar NNP B-NP
said VBD B-VP
earnings NNS B-NP
fell VBD B-VP
14 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
390 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.85 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
453 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.46 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
8.19 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
7.65 CD I-NP
billion CD I-NP
. . O

Millicom NNP B-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
two CD B-NP
companies NNS I-NP
to TO B-VP
receive VB I-VP
a DT B-NP
license NN I-NP
to TO B-VP
introduce VB I-VP
and CC I-VP
operate VB I-VP
a DT B-NP
cellular JJ I-NP
mobile JJ I-NP
telephone NN I-NP
system NN I-NP
in IN B-PP
Pakistan NNP B-NP
. . O

The DT B-NP
market NN I-NP
during IN B-PP
the DT B-NP
start-up NN I-NP
is VBZ B-VP
estimated VBN I-VP
at IN B-PP
25,000 CD B-NP
subscribers NNS I-NP
. . O

A DT B-NP
spokeswoman NN I-NP
for IN B-PP
Millicom NNP B-NP
, , O
a DT B-NP
telecommunications NNS I-NP
company NN I-NP
, , O
said VBD B-VP
she PRP B-NP
did VBD B-VP
n't RB I-VP
know VB I-VP
the DT B-NP
value NN I-NP
of IN B-PP
the DT B-NP
contract NN I-NP
. . O

Cable NNP B-NP
& CC I-NP
Wireless NNP I-NP
PLC NNP I-NP
of IN B-PP
Britain NNP B-NP
won VBD B-VP
the DT B-NP
other JJ I-NP
license NN I-NP
. . O

Millicom NNP B-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
build VB I-VP
and CC I-VP
operate VB I-VP
the DT B-NP
system NN I-NP
in IN B-PP
Pakistan NNP B-NP
with IN B-PP
Comvik NNP B-NP
International NNP I-NP
AB NNP I-NP
, , O
part NN B-NP
of IN B-PP
the DT B-NP
Kinnevik NNP I-NP
group NN I-NP
of IN B-PP
Sweden NNP B-NP
, , O
and CC O
Arfeen NNP B-NP
International NNP I-NP
, , O
Pakistan NNP B-NP
. . O

B.A.T NNP B-NP
Industries NNP I-NP
PLC NNP I-NP
won VBD B-VP
overwhelming JJ B-NP
shareholder NN I-NP
approval NN I-NP
for IN B-PP
a DT B-NP
defensive JJ I-NP
restructuring NN I-NP
to TO B-VP
fend VB I-VP
off IN B-PRT
a DT O
# # O
13.35 CD O
billion CD O
-LRB- ( O
$ $ B-ADJP
21.23 CD O
billion CD O
-RRB- ) O
takeover NN B-NP
bid NN I-NP
from IN B-PP
Sir NNP B-NP
James NNP I-NP
Goldsmith NNP I-NP
. . O

At IN B-PP
a DT B-NP
shareholders NNS I-NP
' POS B-NP
meeting NN I-NP
in IN B-PP
London NNP B-NP
, , O
the DT B-NP
tobacco NN I-NP
, , I-NP
financial-services NNS I-NP
and CC I-NP
retailing NN I-NP
giant NN I-NP
said VBD B-VP
it PRP B-NP
received VBD B-VP
99.9 CD B-NP
% NN I-NP
approval NN I-NP
from IN B-PP
voting NN B-NP
holders NNS I-NP
for IN B-PP
plans NNS B-NP
to TO B-VP
spin VB I-VP
off IN B-PRT
about RB B-NP
$ $ I-NP
6 CD I-NP
billion CD I-NP
in IN B-PP
assets NNS B-NP
. . O

B.A.T NNP B-NP
aims VBZ B-VP
to TO I-VP
sell VB I-VP
such JJ B-NP
U.S. NNP I-NP
retailing NN I-NP
units NNS I-NP
as IN B-PP
Marshall NNP B-NP
Field NNP I-NP
and CC O
Saks NNP B-NP
Fifth NNP I-NP
Avenue NNP I-NP
and CC O
float VB B-VP
its PRP$ B-NP
big JJ I-NP
paper NN I-NP
and CC I-NP
British JJ I-NP
retailing NN I-NP
businesses NNS I-NP
via IN B-PP
share NN B-NP
issues NNS I-NP
to TO B-PP
existing VBG B-NP
holders NNS I-NP
. . O

Proceeds NNS B-NP
will MD B-VP
help VB I-VP
pay VB I-VP
for IN B-PP
a DT B-NP
planned VBN I-NP
buy-back NN I-NP
of IN B-PP
10 CD B-NP
% NN I-NP
, , O
or CC O
about IN B-NP
153 CD I-NP
million CD I-NP
, , O
of IN B-PP
its PRP$ B-NP
shares NNS I-NP
and CC O
a DT B-NP
50 CD I-NP
% NN I-NP
dividend NN I-NP
increase NN I-NP
. . O

B.A.T NN B-NP
yesterday NN B-NP
started VBD B-VP
its PRP$ B-NP
share NN I-NP
buy-back NN I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
acquired VBD B-VP
2.5 CD B-NP
million CD I-NP
shares NNS I-NP
for IN B-PP
785 CD B-NP
pence NN I-NP
-LRB- ( O
$ $ B-NP
12.48 CD I-NP
-RRB- ) O
each DT B-NP
, , O
or CC O
a DT B-NP
total NN I-NP
of IN B-PP
# # B-NP
19.6 CD I-NP
million CD I-NP
-LRB- ( O
$ $ B-NP
31.2 CD I-NP
million CD I-NP
-RRB- ) O
, , O
from IN B-PP
its PRP$ B-NP
broker NN I-NP
, , O
Barclays NNP B-NP
de FW I-NP
Zoete NNP I-NP
Wedd NNP I-NP
. . O

The DT B-NP
share NN I-NP
buy-back NN I-NP
plan NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
underpin VB I-VP
B.A.T NNP B-NP
's POS B-NP
share NN I-NP
price NN I-NP
. . O

B.A.T NNP B-NP
said VBD B-VP
it PRP B-NP
may MD B-VP
make VB I-VP
more JJR B-NP
equity NN I-NP
purchases NNS I-NP
until IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
business NN B-NP
today NN B-NP
, , O
depending VBG B-PP
on IN B-PP
market NN B-NP
conditions NNS I-NP
, , O
but CC O
will MD B-VP
cease VB I-VP
further JJ B-NP
purchases NNS I-NP
until IN B-PP
Nov. NNP B-NP
22 CD I-NP
, , O
when WRB B-ADVP
it PRP B-NP
releases VBZ B-VP
third-quarter JJ B-NP
results NNS I-NP
. . O

B.A.T NN B-NP
shares NNS I-NP
rose VBD B-VP
29 CD B-NP
pence NN I-NP
to TO B-PP
783 CD B-NP
pence NN I-NP
on IN B-PP
London NNP B-NP
's POS B-NP
stock NN I-NP
exchange NN I-NP
yesterday NN B-NP
. . O

Shareholder NN B-NP
approval NN I-NP
sets VBZ B-VP
the DT B-NP
stage NN I-NP
for IN B-PP
a DT B-NP
lengthy JJ I-NP
process NN I-NP
of IN B-PP
restructuring NN B-NP
that WDT B-NP
might MD B-VP
not RB I-VP
be VB I-VP
completed VBN I-VP
until IN B-PP
next JJ B-NP
year NN I-NP
's POS B-NP
second JJ I-NP
half NN I-NP
. . O

Before IN B-PP
the DT B-NP
recent JJ I-NP
tumult NN I-NP
in IN B-PP
global JJ B-NP
financial JJ I-NP
markets NNS I-NP
, , O
B.A.T NNP B-NP
officials NNS I-NP
, , I-NP
holders NNS I-NP
and CC I-NP
analysts NNS I-NP
had VBD B-VP
expected VBN I-VP
a DT B-NP
substantial JJ I-NP
part NN I-NP
of IN B-PP
the DT B-NP
restructuring NN I-NP
to TO B-VP
be VB I-VP
complete JJ B-ADJP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
not RB O
in IN B-PP
any DT B-NP
hurry NN I-NP
to TO B-VP
sell VB I-VP
'' '' O
Saks NNP B-NP
, , O
Marshall NNP B-NP
Field NNP I-NP
or CC O
B.A.T NNP B-NP
's POS B-NP
other JJ I-NP
U.S. NNP I-NP
retail JJ I-NP
properties NNS I-NP
, , O
said VBD B-VP
Chairman NNP B-NP
Patrick NNP I-NP
Sheehy NNP I-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
n't RB O
a DT B-NP
distress NN I-NP
sale NN I-NP
. . O

We PRP B-NP
are VBP B-VP
determined VBN I-VP
to TO I-VP
get VB I-VP
good JJ B-NP
prices NNS I-NP
. . O
'' '' O

Company NN B-NP
officials NNS I-NP
say VBP B-VP
the DT B-NP
flotations NNS I-NP
of IN B-PP
the DT B-NP
paper NN I-NP
and CC I-NP
British JJ I-NP
retailing NN I-NP
businesses NNS I-NP
are VBP B-VP
likely JJ B-ADJP
only RB B-ADVP
after IN B-PP
the DT B-NP
disposals NNS I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
retailing NN I-NP
assets NNS I-NP
. . O

Meanwhile RB B-ADVP
, , O
Sir NNP B-NP
James NNP I-NP
still RB B-ADVP
is VBZ B-VP
pursuing VBG I-VP
efforts NNS B-NP
to TO B-VP
gain VB I-VP
U.S. NNP B-NP
insurance NN I-NP
regulators NNS I-NP
' POS B-NP
approval NN I-NP
for IN B-PP
a DT B-NP
change NN I-NP
in IN B-PP
control NN B-NP
of IN B-PP
B.A.T NNP B-NP
's POS B-NP
Farmers NNP I-NP
Group NNP I-NP
Inc. NNP I-NP
unit NN I-NP
. . O

The DT B-NP
Anglo-French JJ I-NP
financier NN I-NP
has VBZ B-VP
indicated VBN I-VP
he PRP B-NP
intends VBZ B-VP
to TO I-VP
bid VB I-VP
again RB B-ADVP
for IN B-PP
B.A.T NNP B-NP
if IN B-SBAR
he PRP B-NP
receives VBZ B-VP
approval NN B-NP
. . O

Hasbro NNP B-NP
Inc. NNP I-NP
, , O
the DT B-NP
nation NN I-NP
's POS B-NP
largest JJS I-NP
toy NN I-NP
maker NN I-NP
, , O
reported VBD B-VP
third-quarter JJ B-NP
earnings NNS I-NP
increased VBN B-VP
73 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
on IN B-PP
a DT B-NP
9.4 CD I-NP
% NN I-NP
sales NNS I-NP
gain NN I-NP
, , O
reflecting VBG B-VP
improved VBN B-NP
margins NNS I-NP
. . O

Hasbro NNP B-NP
said VBD B-VP
it PRP B-NP
had VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
31.3 CD I-NP
million CD I-NP
, , O
or CC O
53 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
18.1 CD I-NP
million CD I-NP
, , O
or CC O
31 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
when WRB B-ADVP
it PRP B-NP
took VBD B-VP
a DT B-NP
pretax JJ I-NP
charge NN I-NP
of IN B-PP
$ $ B-NP
10 CD I-NP
million CD I-NP
after IN B-PP
dropping VBG B-VP
development NN B-NP
of IN B-PP
an DT B-NP
interactive JJ I-NP
video NN I-NP
entertainment NN I-NP
system NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
403 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
368.4 CD I-NP
million CD I-NP
. . O

The DT B-NP
company NN I-NP
cited VBD B-VP
sales NNS B-NP
gains NNS I-NP
at IN B-PP
its PRP$ B-NP
Milton NNP I-NP
Bradley NNP I-NP
and CC I-NP
Playskool NNP I-NP
units NNS I-NP
and CC B-PP
in IN B-PP
its PRP$ B-NP
international JJ I-NP
business NN I-NP
for IN B-PP
the DT B-NP
increase NN I-NP
in IN B-PP
revenue NN B-NP
. . O

Alan NNP B-NP
G. NNP I-NP
Hassenfeld NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
, , O
added VBD B-VP
that IN O
Hasbro NNP B-NP
's POS B-NP
new JJ I-NP
line NN I-NP
of IN B-PP
battery-powered JJ B-NP
racing NN I-NP
cars NNS I-NP
, , O
called VBN B-VP
Record NNP B-NP
Breakers NNP I-NP
, , O
and CC O
its PRP$ B-NP
acquisition NN I-NP
of IN B-PP
Cabbage NNP B-NP
Patch NNP I-NP
Kids NNP I-NP
, , O
Scrabble NNP B-NP
and CC O
other JJ B-NP
lines NNS I-NP
from IN B-PP
Coleco NNP B-NP
Industries NNP I-NP
Inc. NNP I-NP
puts VBZ B-VP
the DT B-NP
company NN I-NP
`` `` O
in IN B-PP
a DT B-NP
good JJ I-NP
position NN I-NP
as IN B-SBAR
we PRP B-NP
enter VBP B-VP
the DT B-NP
Christmas NNP I-NP
buying VBG I-NP
season NN I-NP
. . O
'' '' O

For IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
of IN B-PP
the DT B-NP
year NN I-NP
, , O
Hasbro NNP B-NP
's POS B-NP
net JJ I-NP
income NN I-NP
rose VBD B-VP
33 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
68.2 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.15 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
51.3 CD I-NP
million CD I-NP
, , O
or CC O
88 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
a DT B-NP
3.1 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
revenue NN B-NP
to TO B-PP
$ $ B-NP
992.7 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
963 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Reebok NNP B-NP
International NNP I-NP
Ltd. NNP I-NP
posted VBD B-VP
a DT B-NP
35 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
despite IN B-PP
a DT B-NP
slight JJ I-NP
decline NN I-NP
in IN B-PP
sales NNS B-NP
. . O

The DT B-NP
athletic JJ I-NP
footwear NN I-NP
maker NN I-NP
said VBD B-VP
net NN B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
49.9 CD I-NP
million CD I-NP
, , O
or CC O
44 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
37.1 CD I-NP
million CD I-NP
, , O
or CC O
32 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
declined VBD B-VP
3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
524.5 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
539.4 CD I-NP
million CD I-NP
. . O

Paul NNP B-NP
Fireman NNP I-NP
, , O
Reebok NNP B-NP
chairman NN I-NP
and CC I-NP
chief JJ I-NP
executive JJ I-NP
officer NN I-NP
, , O
said VBD B-VP
, , O
`` `` O
Our PRP$ B-NP
gains NNS I-NP
in IN B-PP
earnings NNS B-NP
provide VBP B-VP
further JJ B-NP
evidence NN I-NP
that IN B-SBAR
the DT B-NP
controls NNS I-NP
we PRP B-NP
have VBP B-VP
put VBN I-VP
in IN B-PP
place NN B-NP
and CC O
our PRP$ B-NP
sales NNS I-NP
mix NN I-NP
are VBP B-VP
continuing VBG I-VP
to TO I-VP
improve VB I-VP
the DT B-NP
company NN I-NP
's POS B-NP
overall JJ I-NP
profit NN I-NP
performance NN I-NP
. . O
'' '' O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
sales NNS B-NP
to TO B-VP
improve VB I-VP
due JJ B-PP
to TO I-PP
a DT B-NP
number NN I-NP
of IN B-PP
new JJ B-NP
products NNS I-NP
, , O
including VBG B-PP
a DT B-NP
`` `` I-NP
pump NN I-NP
'' '' I-NP
basketball NN I-NP
shoe NN I-NP
that WDT B-NP
can MD B-VP
be VB I-VP
inflated JJ I-VP
to TO B-VP
better JJR I-VP
fit VB I-VP
the DT B-NP
foot NN I-NP
. . O

In IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
, , O
net NN B-NP
was VBD B-VP
$ $ B-NP
140 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.23 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
1.44 CD I-NP
billion CD I-NP
. . O

Separately RB B-ADVP
, , O
Reebok NNP B-NP
completed VBD B-VP
the DT B-NP
acquisition NN I-NP
of IN B-PP
CML NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
's POS B-NP
Boston NNP I-NP
Whaler NNP I-NP
unit NN I-NP
, , O
a DT B-NP
builder NN I-NP
of IN B-PP
power NN B-NP
boats NNS I-NP
. . O

CML NNP B-NP
, , O
Acton NNP B-NP
, , O
Mass. NNP B-NP
, , O
had VBD B-VP
agreed VBN I-VP
to TO I-VP
sell VB I-VP
the DT B-NP
unit NN I-NP
to TO B-PP
Reebok NNP B-NP
for IN B-PP
about RB B-NP
$ $ I-NP
42 CD I-NP
million CD I-NP
. . O

The DT B-NP
agreement NN I-NP
also RB B-ADVP
called VBD B-VP
for IN B-SBAR
Reebok NNP B-NP
to TO B-VP
receive VB I-VP
warrants NNS B-NP
to TO B-VP
purchase VB I-VP
400,000 CD B-NP
shares NNS I-NP
of IN B-PP
CML NNP B-NP
common JJ I-NP
at IN B-PP
$ $ B-NP
31.25 CD I-NP
a DT B-NP
share NN I-NP
, , O
exercisable JJ B-ADJP
at IN B-PP
any DT B-NP
time NN I-NP
before IN B-PP
July NNP B-NP
1 CD I-NP
, , O

An DT B-NP
outside JJ I-NP
spokesman NN I-NP
for IN B-PP
CML NNP B-NP
said VBD B-VP
the DT B-NP
terms NNS I-NP
were VBD B-VP
changed VBN I-VP
to TO B-PP
a DT B-NP
minor JJ I-NP
extent NN I-NP
but CC O
would MD B-VP
n't RB I-VP
disclose VB I-VP
what WP B-NP
those DT B-NP
changes NNS I-NP
were VBD B-VP
. . O

Pitney NNP B-NP
Bowes NNP I-NP
Inc. NNP I-NP
directors NNS I-NP
authorized VBD B-VP
the DT B-NP
company NN I-NP
to TO B-VP
seek VB I-VP
buyers NNS B-NP
for IN B-PP
its PRP$ B-NP
Wheeler NNP I-NP
Group NNP I-NP
Inc. NNP I-NP
subsidiary NN I-NP
, , O
a DT B-NP
direct JJ I-NP
mail NN I-NP
marketer NN I-NP
of IN B-PP
office NN B-NP
supplies NNS I-NP
. . O

Pitney NNP B-NP
Bowes NNP I-NP
said VBD B-VP
the DT B-NP
decision NN I-NP
was VBD B-VP
based VBN I-VP
on IN B-PP
a DT B-NP
long-term JJ I-NP
analysis NN I-NP
of IN B-PP
the DT B-NP
compatibility NN I-NP
of IN B-PP
Wheeler NNP B-NP
Group NNP I-NP
's POS B-NP
marketing NN I-NP
business NN I-NP
with IN B-PP
other JJ B-NP
Pitney NNP I-NP
Bowes NNP I-NP
operations NNS I-NP
. . O

Pitney NNP B-NP
Bowes NNP I-NP
acquired VBD B-VP
the DT B-NP
core NN I-NP
of IN B-PP
what WP B-NP
evolved VBD B-VP
into IN B-PP
Wheeler NNP B-NP
Group NNP I-NP
in IN B-PP
1979 CD B-NP
by IN B-PP
buying VBG B-VP
Dictaphone NNP B-NP
Corp NNP I-NP
. . O

A DT B-NP
spokeswoman NN I-NP
would MD B-VP
n't RB I-VP
comment VB I-VP
on IN B-PP
whether IN B-SBAR
the DT B-NP
company NN I-NP
had VBD B-VP
talked VBN I-VP
with IN B-PP
any DT B-NP
potential JJ I-NP
buyers NNS I-NP
for IN B-PP
the DT B-NP
New NNP I-NP
Hartford NNP I-NP
, , I-NP
Conn. NNP I-NP
, , I-NP
unit NN I-NP
, , O
which WDT B-NP
had VBD B-VP
1988 CD B-NP
sales NNS I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
75 CD I-NP
million CD I-NP
. . O

She PRP B-NP
said VBD B-VP
Wheeler NNP B-NP
Group NNP I-NP
was VBD B-VP
profitable JJ B-ADJP
but CC O
would MD B-VP
n't RB I-VP
give VB I-VP
figures NNS B-NP
. . O

The DT B-NP
spokeswoman NN I-NP
said VBD B-VP
the DT B-NP
company NN I-NP
does VBZ B-VP
n't RB I-VP
have VB I-VP
a DT B-NP
timetable NN I-NP
for IN B-PP
the DT B-NP
sale NN I-NP
, , O
adding VBG B-VP
that IN B-SBAR
the DT B-NP
board NN I-NP
's POS B-NP
decision NN I-NP
just RB B-ADVP
starts VBZ B-VP
the DT B-NP
search NN I-NP
for IN B-PP
a DT B-NP
buyer NN I-NP
. . O

Separately RB B-ADVP
, , O
Pitney NNP B-NP
Bowes NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
gained VBD B-VP
15 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
62 CD I-NP
million CD I-NP
, , O
or CC O
78 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
54 CD I-NP
million CD I-NP
, , O
or CC O
68 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Revenue NN B-NP
grew VBD B-VP
13 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
734.8 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
650.9 CD I-NP
million CD I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
growth NN I-NP
was VBD B-VP
led VBN I-VP
by IN B-PP
its PRP$ B-NP
major JJ I-NP
operations NNS I-NP
, , O
particularly RB B-ADVP
mailing VBG B-NP
, , I-NP
shipping VBG I-NP
, , I-NP
dictating VBG I-NP
and CC I-NP
facsimile NN I-NP
businesses NNS I-NP
. . O

Steel NN B-NP
jackets NNS I-NP
of IN B-PP
a DT B-NP
type NN I-NP
that WDT B-NP
may MD B-VP
have VB I-VP
prevented VBN I-VP
collapse NN B-NP
of IN B-PP
the DT B-NP
columns NNS I-NP
of IN B-PP
a DT B-NP
1.5-mile CD I-NP
stretch NN I-NP
of IN B-PP
the DT B-NP
Nimitz NNP I-NP
Freeway NNP I-NP
had VBD B-VP
been VBN I-VP
installed VBN I-VP
on IN B-PP
at IN B-ADVP
least JJS I-ADVP
a DT B-NP
small JJ I-NP
test NN I-NP
section NN I-NP
of IN B-PP
the DT B-NP
double-decker JJ I-NP
highway NN I-NP
last JJ B-NP
year NN I-NP
by IN B-PP
California NNP B-NP
's POS B-NP
Department NNP I-NP
of IN B-PP
Transportation NNP B-NP
, , O
employees NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
project NN I-NP
say VBP B-VP
. . O

The DT B-NP
test NN I-NP
project NN I-NP
-- : O
which WDT B-NP
reportedly RB B-ADVP
survived VBD B-VP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
-- : O
was VBD B-VP
a DT B-NP
prelude NN I-NP
to TO B-PP
a DT B-NP
state NN I-NP
plan NN I-NP
to TO B-VP
retrofit VB I-VP
that IN B-NP
critical JJ I-NP
section NN I-NP
of IN B-PP
the DT B-NP
freeway NN I-NP
with IN B-PP
the DT B-NP
steel NN I-NP
casings NNS I-NP
. . O

State NN B-NP
engineers NNS I-NP
have VBP B-VP
made VBN I-VP
a DT B-NP
preliminary JJ I-NP
finding NN I-NP
that IN B-SBAR
it PRP B-NP
was VBD B-VP
failure NN B-NP
of IN B-PP
the DT B-NP
concrete JJ I-NP
columns NNS I-NP
, , O
wrenched VBD B-VP
and CC O
separated VBN B-VP
from IN B-PP
the DT B-NP
double-decker JJ I-NP
roadbed NN I-NP
, , O
that WDT B-NP
was VBD B-VP
responsible JJ B-ADJP
for IN B-PP
the DT B-NP
collapse NN I-NP
. . O

The DT B-NP
failure NN I-NP
in IN B-PP
Oakland NNP B-NP
of IN B-PP
the DT B-NP
freeway NN I-NP
segment NN I-NP
known VBN B-VP
as IN B-PP
the DT B-NP
Cypress NNP I-NP
structure NN I-NP
was VBD B-VP
the DT B-NP
deadliest JJS I-NP
aspect NN I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
, , O
although IN B-SBAR
officials NNS B-NP
were VBD B-VP
hopeful JJ B-ADJP
yesterday NN B-NP
that IN B-SBAR
the DT B-NP
death NN I-NP
toll NN I-NP
there EX B-ADVP
might MD B-VP
be VB I-VP
significantly RB B-ADJP
lower JJR I-ADJP
than IN B-PP
the DT B-NP
250 CD I-NP
initially RB B-VP
feared VBD I-VP
. . O

Sorting VBG B-VP
out RP B-PRT
the IN B-NP
wreckage NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
take VB I-VP
several JJ B-NP
days NNS I-NP
. . O

Red JJ B-NP
tractors NNS I-NP
gingerly RB B-ADVP
picked VBD B-VP
at IN B-PP
the DT B-NP
rubble NN I-NP
while IN B-SBAR
jackhammers NNS B-NP
tried VBD B-VP
to TO I-VP
break VB I-VP
up IN B-PRT
some DT B-NP
of IN B-PP
the DT B-NP
massive JJ I-NP
slabs NNS I-NP
of IN B-PP
concrete NN B-NP
. . O

Giant NNP B-NP
yellow JJ I-NP
cranes NNS I-NP
were VBD B-VP
wheeled VBN I-VP
up IN B-PRT
alongside IN B-PP
the DT B-NP
collapsed VBN I-NP
segment NN I-NP
, , O
preparing VBG B-VP
to TO I-VP
lift VB I-VP
off IN B-PRT
chunks NNS B-NP
of IN B-PP
the DT B-NP
debris NN I-NP
. . O

In IN B-PP
Sacramento NNP B-NP
, , O
a DT B-NP
transportation NN I-NP
department NN I-NP
spokesman NN I-NP
said VBD B-VP
he PRP B-NP
could MD B-VP
n't RB I-VP
immediately RB I-VP
confirm VB I-VP
or CC I-VP
deny VB I-VP
existence NN B-NP
of IN B-PP
the DT B-NP
test NN I-NP
work NN I-NP
. . O

However RB B-ADVP
, , O
he PRP B-NP
asserted VBD B-VP
that IN B-SBAR
the DT B-NP
department NN I-NP
had VBD B-VP
n't RB I-VP
mastered VBN I-VP
the DT B-NP
technology NN I-NP
needed VBN B-VP
to TO B-VP
retrofit VB I-VP
the DT B-NP
entire JJ I-NP
Cypress NNP I-NP
structure NN I-NP
. . O

Moreover RB B-ADVP
, , O
other JJ B-NP
officials NNS I-NP
noted VBD B-VP
, , O
snafus NNS B-NP
in IN B-PP
transportation NN B-NP
funding NN I-NP
that IN B-NP
the DT B-NP
state NN I-NP
has VBZ B-VP
experienced VBN I-VP
over IN B-PP
the DT B-NP
years NNS I-NP
may MD B-VP
have VB I-VP
restricted VBN I-VP
the DT B-NP
availability NN I-NP
of IN B-PP
funds NNS B-NP
for IN B-PP
such JJ B-NP
a DT I-NP
retrofitting NN I-NP
, , O
even RB B-SBAR
if IN I-SBAR
it PRP B-NP
were VBD B-VP
technologically RB B-ADJP
feasible JJ I-ADJP
. . O

Knowledgeable JJ B-NP
employees NNS I-NP
said VBD B-VP
the DT B-NP
retrofitting NN I-NP
, , O
which WDT B-NP
had VBD B-VP
n't RB I-VP
yet RB I-VP
been VBN I-VP
budgeted VBN I-VP
, , O
was VBD B-VP
part NN B-NP
of IN B-PP
a DT B-NP
planned VBN I-NP
, , I-NP
three-stage JJ I-NP
reinforcement NN I-NP
of IN B-PP
the DT B-NP
Cypress NNP I-NP
structure NN I-NP
begun VBN B-VP
by IN B-PP
the DT B-NP
California NNP I-NP
transportation NN I-NP
department NN I-NP
several JJ B-NP
years NNS I-NP
ago RB B-ADVP
. . O

The DT B-NP
Cypress NNP I-NP
reinforcement NN I-NP
project NN I-NP
itself PRP B-NP
was VBD B-VP
part NN B-NP
of IN B-PP
an DT B-NP
annual JJ I-NP
effort NN I-NP
to TO B-VP
shore VB I-VP
up IN B-PRT
structures NNS B-NP
believed VBD B-VP
vulnerable JJ B-ADJP
to TO B-PP
earthquakes NNS B-NP
. . O

The DT B-NP
state NN I-NP
began VBD B-VP
such JJ B-NP
work NN I-NP
after IN B-PP
a DT B-NP
1971 CD I-NP
tremblor NN I-NP
in IN B-PP
Southern NNP B-NP
California NNP I-NP
, , O
when WRB B-ADVP
numerous JJ B-NP
bridges NNS I-NP
collapsed VBD B-VP
. . O

`` `` O
We PRP B-NP
had VBD B-VP
just RB I-VP
finished VBN I-VP
phase NN B-NP
two CD I-NP
'' '' O
of IN B-PP
the DT B-NP
Cypress NNP I-NP
project NN I-NP
that WDT B-NP
involved VBD B-VP
installing VBG I-VP
a DT B-NP
series NN I-NP
of IN B-PP
retaining VBG B-NP
cables NNS I-NP
designed VBN B-VP
to TO B-VP
prevent VB I-VP
sections NNS B-NP
of IN B-PP
the DT B-NP
roadway NN I-NP
from IN B-PP
separating VBG B-VP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
seismic JJ B-NP
shock NN I-NP
, , O
a DT B-NP
state NN I-NP
DOT NNP I-NP
engineer NN I-NP
said VBD B-VP
. . O

After IN B-PP
completing VBG B-VP
installation NN B-NP
of IN B-PP
the DT B-NP
jackets NNS I-NP
on IN B-PP
`` `` O
one CD B-NP
frame NN I-NP
'' '' O
of IN B-PP
the DT B-NP
freeway NN I-NP
last JJ B-NP
year NN I-NP
, , O
the DT B-NP
state NN I-NP
DOT NNP I-NP
had VBD B-VP
sent VBN I-VP
the DT B-NP
project NN I-NP
over IN B-PP
to TO B-PP
its PRP$ B-NP
Sacramento NNP I-NP
engineers NNS I-NP
to TO B-VP
draw VB I-VP
up IN B-PRT
a DT B-NP
final JJ I-NP
design NN I-NP
. . O

Knowledgeable JJ B-NP
employees NNS I-NP
said VBD B-VP
the DT B-NP
project NN I-NP
had VBD B-VP
been VBN I-VP
stymied VBN I-VP
somewhat RB B-ADVP
by IN B-PP
`` `` O
the DT B-NP
difficulty NN I-NP
of IN B-PP
designing VBG B-VP
'' '' O
the DT B-NP
jackets NNS I-NP
. . O

The DT B-NP
procedure NN I-NP
involves VBZ B-VP
encasing VBG I-VP
the DT B-NP
concrete JJ I-NP
columns NNS I-NP
with IN B-PP
steel NN B-NP
, , O
then RB B-ADVP
connecting VBG B-VP
them PRP B-NP
more RBR B-ADVP
securely RB I-ADVP
to TO B-PP
the DT B-NP
double-decker JJ I-NP
roadbed NN I-NP
. . O

The DT B-NP
employees NNS I-NP
also RB B-ADVP
said VBD B-VP
the DT B-NP
project NN I-NP
may MD B-VP
have VB I-VP
been VBN I-VP
snagged VBN I-VP
by IN B-PP
budgetary JJ B-NP
concerns NNS I-NP
. . O

One CD B-NP
preliminary JJ I-NP
estimate NN I-NP
put NN B-VP
the DT B-NP
retrofitting NN I-NP
cost NN I-NP
at IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
$ $ I-NP
50 CD I-NP
million CD I-NP
. . O

The DT B-NP
collapse NN I-NP
of IN B-PP
the DT B-NP
span NN I-NP
has VBZ B-VP
provoked VBN I-VP
surprise NN B-NP
and CC I-NP
anger NN I-NP
among IN B-PP
state NN B-NP
officials NNS I-NP
. . O

Gov. NNP B-NP
George NNP I-NP
Deukmejian NNP I-NP
, , O
who WP B-NP
said VBD B-VP
he PRP B-NP
had VBD B-VP
been VBN I-VP
assured VBN I-VP
by IN B-PP
state NN B-NP
transportation NN I-NP
officials NNS I-NP
that IN B-SBAR
the DT B-NP
structure NN I-NP
could MD B-VP
withstand VB I-VP
an DT B-NP
even RB I-NP
larger JJR I-NP
quake NN I-NP
, , O
called VBN B-VP
for IN B-PP
an DT B-NP
immediate JJ I-NP
investigation NN I-NP
. . O

`` `` O
I PRP B-NP
want VBP B-VP
to TO I-VP
know VB I-VP
who WP B-NP
made VBD B-VP
the DT B-NP
decision NN I-NP
that IN B-SBAR
it PRP B-NP
was VBD B-VP
safe JJ B-ADJP
for IN B-SBAR
186,000 CD B-NP
people NNS I-NP
to TO B-VP
use VB I-VP
every DT B-NP
day NN I-NP
, , O
'' '' O
said VBD B-VP
Richard NNP B-NP
Katz NNP I-NP
, , O
a DT B-NP
state NN I-NP
legislator NN I-NP
who WP B-NP
is VBZ B-VP
chairman NN B-NP
of IN B-PP
the DT B-NP
California NNP I-NP
Assembly NNP I-NP
's POS B-NP
transportation NN I-NP
committee NN I-NP
. . O

He PRP B-NP
said VBD B-VP
he PRP B-NP
would MD B-VP
convene VB I-VP
hearings NNS B-NP
within IN B-PP
two CD B-NP
weeks NNS I-NP
. . O

The DT B-NP
Cypress NNP I-NP
structure NN I-NP
opened VBD B-VP
in IN B-PP
June NNP B-NP
1957 CD I-NP
, , O
and CC O
as IN B-PP
such JJ B-NP
, , O
like IN B-PP
many JJ B-NP
buildings NNS I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
area NN I-NP
, , B-VP
does VBZ I-VP
not RB O
meet VB B-VP
current JJ B-NP
building NN I-NP
codes NNS I-NP
requiring VBG B-VP
considerably RB B-NP
more JJR I-NP
steel NN I-NP
support NN I-NP
. . O

The DT B-NP
northern JJ I-NP
piers NNS I-NP
of IN B-PP
the DT B-NP
span NN I-NP
lie NN B-VP
in IN B-PP
estuarian NN B-NP
deposits NNS I-NP
that WDT B-NP
were VBD B-VP
of IN B-PP
a DT B-NP
type NN I-NP
to TO B-VP
have VB I-VP
liquefied VBN I-VP
easily RB B-ADVP
during IN B-PP
the DT B-NP
1906 CD I-NP
quake NN I-NP
. . O

Transportation NN B-NP
department NN I-NP
officials NNS I-NP
, , O
however RB B-ADVP
, , O
said VBD B-VP
they PRP B-NP
were VBD B-VP
as RB B-ADJP
surprised VBN I-ADJP
as IN B-PP
anyone NN B-NP
by IN B-PP
the DT B-NP
Cypress NNP I-NP
destruction NN I-NP
. . O

They PRP B-NP
said VBD B-VP
previous JJ B-NP
earthquakes NNS I-NP
suggested VBD B-VP
that IN B-SBAR
multiple-column JJ B-NP
viaducts NNS I-NP
would MD B-VP
stand VB I-VP
up IN B-PRT
well RB B-ADVP
, , O
although IN B-SBAR
they PRP B-NP
were VBD B-VP
working VBG I-VP
on IN B-PP
ways NNS B-NP
to TO B-VP
bolster VB I-VP
them PRP B-NP
. . O

`` `` O
Unfortunately RB B-ADVP
, , O
there EX B-NP
is VBZ B-VP
only RB B-NP
one CD I-NP
laboratory NN I-NP
for IN B-PP
developing VBG B-VP
techniques NNS B-NP
to TO B-VP
withstand VB I-VP
earthquakes NNS B-NP
, , O
and CC O
that DT B-NP
is VBZ B-VP
an DT B-NP
earthquake NN I-NP
, , O
'' '' O
said VBD B-VP
Burch NNP B-NP
Bachtold NNP I-NP
, , O
San NNP B-NP
Francisco NNP I-NP
district NN I-NP
director NN I-NP
for IN B-PP
the DT B-NP
transportation NN I-NP
department NN I-NP
. . O

He PRP B-NP
said VBD B-VP
: : O
`` `` O
We PRP B-NP
know VBP B-VP
of IN B-PP
no DT B-NP
technology NN I-NP
that WDT B-NP
exists VBZ B-VP
anywhere RB B-ADVP
in IN B-PP
the DT B-NP
world NN I-NP
that WDT B-NP
would MD B-VP
allow VB I-VP
us PRP B-NP
to TO B-VP
'' '' O
reinforce VB B-VP
the DT B-NP
columns NNS I-NP
. . O

Financial NNP B-NP
Corp. NNP I-NP
of IN B-PP
Santa NNP B-NP
Barbara NNP I-NP
said VBD B-VP
it PRP B-NP
rescheduled VBD B-VP
to TO B-PP
Nov. NNP B-NP
29 CD I-NP
a DT B-NP
special JJ I-NP
shareholder NN I-NP
meeting NN I-NP
to TO B-VP
vote VB I-VP
on IN B-PP
a DT B-NP
$ $ I-NP
75 CD I-NP
million CD I-NP
stock-for-debt JJ I-NP
exchange NN I-NP
. . O

The DT B-NP
meeting NN I-NP
had VBD B-VP
been VBN I-VP
scheduled VBN I-VP
for IN B-PP
Nov. NNP B-NP
10 CD I-NP
but CC O
the DT B-NP
company NN I-NP
delayed VBD B-VP
the DT B-NP
meeting NN I-NP
to TO B-VP
allow VB I-VP
time NN B-NP
for IN B-SBAR
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
to TO B-VP
review VB I-VP
the DT B-NP
proposal NN I-NP
. . O

As IN B-PP
part NN B-NP
of IN B-PP
a DT B-NP
restructuring NN I-NP
announced VBD B-VP
earlier RBR B-NP
this DT I-NP
year NN I-NP
, , O
the DT B-NP
company NN I-NP
proposed VBN B-VP
in IN B-PP
August NNP B-NP
to TO B-VP
exchange VB I-VP
168 CD B-NP
newly RB I-NP
issued VBN I-NP
common JJ I-NP
shares NNS I-NP
for IN B-PP
each DT B-NP
$ $ I-NP
1,000 CD I-NP
face NN I-NP
value NN I-NP
of IN B-PP
debt NN B-NP
. . O

However RB B-ADVP
, , O
that DT B-NP
figure NN I-NP
could MD B-VP
be VB I-VP
revised VBN I-VP
, , O
Financial NNP B-NP
Corp. NNP I-NP
said VBD B-VP
. . O

Currently RB B-ADVP
, , O
the DT B-NP
company NN I-NP
has VBZ B-VP
about IN B-NP
six CD I-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

If IN B-SBAR
all PDT B-NP
the DT I-NP
debt NN I-NP
was VBD B-VP
converted VBN I-VP
, , O
about IN B-NP
13 CD I-NP
million CD I-NP
new JJ I-NP
shares NNS I-NP
would MD B-VP
be VB I-VP
issued VBN I-VP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
Wednesday NNP B-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
Financial NNP B-NP
Corp. NNP I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
1.125 CD I-NP
, , O
unchanged JJ B-ADJP
. . O

The DT B-NP
debt NN I-NP
consists VBZ B-VP
of IN B-PP
$ $ B-NP
50 CD I-NP
million CD I-NP
of IN B-PP
13 CD B-NP
3\/8 CD I-NP
% NN I-NP
subordinated VBD I-NP
notes NNS I-NP
due JJ B-ADJP
1998 CD B-NP
, , O
and CC O
$ $ B-NP
25 CD I-NP
million CD I-NP
of IN B-PP
9 CD B-NP
% NN I-NP
convertible JJ I-NP
subordinated VBN I-NP
debentures NNS I-NP
due JJ B-ADJP
2012 CD B-NP
. . O

Financial NNP B-NP
Corp. NNP I-NP
also RB B-ADVP
is VBZ B-VP
proposing VBG I-VP
to TO I-VP
exchange VB I-VP
each DT B-NP
of IN B-PP
its PRP$ B-NP
130,000 CD I-NP
outstanding JJ I-NP
shares NNS I-NP
of IN B-PP
cumulative JJ B-NP
convertible JJ I-NP
preferred JJ I-NP
series NN I-NP
A DT I-NP
stock NN I-NP
for IN B-PP
two CD B-NP
shares NNS I-NP
of IN B-PP
common NN B-NP
. . O

After IN B-PP
years NNS B-NP
of IN B-PP
quarreling VBG B-VP
over IN B-PP
Bonn NNP B-NP
's POS B-NP
`` `` I-NP
Ostpolitik NNP I-NP
'' '' O
, , O
West NNP B-NP
Germany NNP I-NP
and CC O
the DT B-NP
U.S. NNP I-NP
appear VB B-VP
to TO I-VP
have VB I-VP
shifted VBN I-VP
onto IN B-PP
a DT B-NP
united VBN I-NP
course NN I-NP
in IN B-PP
Eastern NNP B-NP
Europe NNP I-NP
. . O

Bonn NNP B-NP
and CC I-NP
Washington NNP I-NP
have VBP B-VP
taken VBN I-VP
a DT B-NP
leading VBG I-NP
role NN I-NP
in IN B-PP
aid NN B-NP
for IN B-PP
the DT B-NP
reformist NN I-NP
countries NNS I-NP
, , O
pledging VBG B-VP
billions NNS B-NP
of IN B-PP
dollars NNS B-NP
in IN B-PP
fresh JJ B-NP
credit NN I-NP
and CC O
forgiving VBG B-VP
old JJ B-NP
debt NN I-NP
while IN B-SBAR
urging VBG B-VP
other JJ B-NP
industrial JJ I-NP
nations NNS I-NP
to TO B-VP
follow VB I-VP
suit NN B-NP
. . O

Both DT B-NP
hope NN B-VP
to TO I-VP
encourage VB I-VP
pressure NN B-NP
for IN B-PP
change NN B-NP
in IN B-PP
East NNP B-NP
bloc NN I-NP
countries NNS I-NP
still RB B-VP
ruled VBN I-VP
by IN B-PP
Stalinist JJ B-NP
holdouts NNS I-NP
by IN B-PP
arranging VBG B-VP
liberal JJ B-NP
financial JJ I-NP
aid NN I-NP
and CC O
trade NN B-NP
benefits NNS I-NP
for IN B-PP
Poland NNP B-NP
, , O
Hungary NNP B-NP
and CC O
, , O
to TO B-PP
a DT B-NP
lesser JJR I-NP
extent NN I-NP
, , O
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
. . O

West JJ B-NP
German JJ I-NP
officials NNS I-NP
also RB B-ADVP
have VBP B-VP
the DT B-NP
special JJ I-NP
goal NN I-NP
of IN B-PP
holding VBG B-VP
out RP B-PRT
hope NN B-NP
for IN B-PP
East NNP B-NP
Germany NNP I-NP
's POS B-NP
fledgling NN I-NP
reform NN I-NP
movement NN I-NP
. . O

`` `` O
The DT B-NP
change NN I-NP
taking VBG B-VP
place NN B-NP
in IN B-PP
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
, , O
Poland NNP B-NP
and CC O
Hungary NNP B-NP
has VBZ B-VP
aroused VBN I-VP
new JJ B-NP
hope NN I-NP
in IN B-PP
both DT B-NP
German JJ I-NP
states NNS I-NP
that IN B-SBAR
reforms NNS B-NP
will MD B-VP
be VB I-VP
undertaken VBN I-VP
in IN B-PP
-LCB- ( O
East NNP B-NP
Germany NNP I-NP
-RCB- ) O
, , O
and CC O
that IN B-SBAR
relations NNS B-NP
between IN B-PP
the DT B-NP
two CD I-NP
German JJ I-NP
states NNS I-NP
, , O
too RB B-ADVP
, , O
will MD B-VP
get VB I-VP
better JJR O
, , O
'' '' O
said VBD B-VP
Foreign NNP B-NP
Minister NNP I-NP
Hans-Dietrich NNP I-NP
Genscher NNP I-NP
. . O

Addressing VBG B-VP
a DT B-NP
conference NN I-NP
of IN B-PP
the DT B-NP
New NNP I-NP
York-based JJ I-NP
Institute NNP I-NP
for IN B-PP
East-West NNP B-NP
Security NNP I-NP
Studies NNS I-NP
in IN B-PP
Frankfurt NNP B-NP
yesterday NN B-NP
, , O
Mr. NNP B-NP
Genscher NNP I-NP
said VBD B-VP
, , O
`` `` O
History NN B-NP
will MD B-VP
judge VB I-VP
us PRP B-NP
by IN B-PP
whether IN B-SBAR
we PRP B-NP
have VBP B-VP
taken VBN I-VP
the DT B-NP
opportunities NNS I-NP
that WDT B-NP
emerge VBP B-VP
from IN B-PP
these DT B-NP
reforms NNS I-NP
. . O
'' '' O

The DT B-NP
ultimate JJ I-NP
aim NN I-NP
of IN B-PP
Western JJ B-NP
support NN I-NP
for IN B-PP
East NNP B-NP
bloc NN I-NP
reforms NNS I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
is VBZ B-VP
to TO B-VP
create VB I-VP
`` `` O
an DT B-NP
equitable JJ I-NP
and CC I-NP
stable JJ I-NP
peaceful JJ I-NP
order NN I-NP
in IN B-PP
Europe NNP B-NP
from IN B-PP
the DT B-NP
Atlantic NNP I-NP
to TO B-PP
the DT B-NP
Urals NNPS I-NP
. . O
'' '' O

Mr. NNP B-NP
Genscher NNP I-NP
and CC O
U.S. NNP O
Secretary NNP O
of IN B-PP
Commerce NNP B-NP
Robert NNP B-NP
A. NNP I-NP
Mosbacher NNP I-NP
, , O
in IN B-PP
separate JJ B-NP
speeches NNS I-NP
at IN B-PP
the DT B-NP
conference NN I-NP
, , O
appealed VBD B-VP
for IN B-PP
more RBR B-NP
Western JJ I-NP
contributions NNS I-NP
to TO B-PP
economic JJ B-NP
reforms NNS I-NP
and CC O
business NN B-NP
development NN I-NP
in IN B-PP
Hungary NNP B-NP
and CC I-NP
Poland NNP I-NP
. . O

Bonn NNP B-NP
and CC I-NP
Washington NNP I-NP
are VBP B-VP
leading VBG B-NP
supporters NNS I-NP
of IN B-PP
Poland NNP B-NP
's POS B-NP
request NN I-NP
for IN B-PP
a DT B-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
stand-by JJ I-NP
credit NN I-NP
from IN B-PP
the DT B-NP
International NNP I-NP
Monetary NNP I-NP
Fund NNP I-NP
. . O

`` `` O
We PRP B-NP
want VBP B-VP
the DT B-NP
bold JJ I-NP
programs NNS I-NP
of IN B-PP
market NN B-NP
development NN I-NP
and CC O
political JJ B-NP
freedom NN I-NP
in IN B-PP
Hungary NNP B-NP
and CC B-PP
in IN B-PP
Poland NNP B-NP
to TO B-VP
succeed VB I-VP
. . O

We PRP B-NP
are VBP B-VP
prepared VBN I-VP
to TO I-VP
support VB I-VP
those DT B-NP
changes NNS I-NP
, , O
'' '' O
said VBD B-VP
Mr. NNP B-NP
Mosbacher NNP I-NP
. . O

U.S. NNP B-NP
curbs NNS I-NP
on IN B-PP
the DT B-NP
exports NNS I-NP
of IN B-PP
sensitive JJ B-NP
technology NN I-NP
to TO B-PP
East NNP B-NP
bloc NN I-NP
countries NNS I-NP
will MD B-VP
remain VB I-VP
in IN B-PP
place NN B-NP
, , O
however RB B-ADVP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
U.S. NNP I-NP
House NNP I-NP
of IN B-PP
Representatives NNPS B-NP
yesterday NN B-NP
approved VBD B-VP
an DT B-NP
$ $ I-NP
837.5 CD I-NP
million CD I-NP
aid NN I-NP
package NN I-NP
for IN B-PP
Poland NNP B-NP
and CC I-NP
Hungary NNP I-NP
that IN B-NP
more JJR B-ADVP
than IN I-ADVP
doubles VBZ B-VP
the DT B-NP
amount NN I-NP
President NNP B-NP
Bush NNP I-NP
had VBD B-VP
requested VBN I-VP
. . O

The DT B-NP
package NN I-NP
was VBD B-VP
brought VBN I-VP
to TO B-PP
the DT B-NP
House NNP I-NP
just RB B-NP
15 CD I-NP
days NNS I-NP
after IN B-SBAR
it PRP B-NP
was VBD B-VP
introduced VBN I-VP
, , O
indicating VBG B-VP
Congress NNP B-NP
's POS B-NP
eagerness NN I-NP
to TO B-VP
reward VB I-VP
Poland NNP B-NP
and CC I-NP
Hungary NNP I-NP
for IN B-PP
their PRP$ B-NP
moves NNS I-NP
toward IN B-PP
democracy NN B-NP
and CC O
freemarket JJ B-NP
economic JJ I-NP
reforms NNS I-NP
. . O

The DT B-NP
legislation NN I-NP
, , O
approved VBD B-VP
345-47 JJ B-ADVP
and CC O
sent VBD B-VP
to TO B-PP
the DT B-NP
Senate NNP I-NP
, , O
establishes VBZ B-VP
two CD B-NP
enterprise NN I-NP
funds NNS I-NP
, , O
to TO B-VP
be VB I-VP
governed VBN I-VP
by IN B-PP
independent JJ B-NP
nonprofit JJ I-NP
boards NNS I-NP
, , O
which WDT B-NP
will MD B-VP
make VB I-VP
loans NNS B-NP
and CC I-NP
investments NNS I-NP
in IN B-PP
new JJ B-NP
business NN I-NP
ventures NNS I-NP
in IN B-PP
Hungary NNP B-NP
and CC I-NP
Poland NNP I-NP
. . O

The DT B-NP
Polish JJ I-NP
fund NN I-NP
would MD B-VP
be VB I-VP
seeded VBN I-VP
with IN B-PP
$ $ B-NP
160 CD I-NP
million CD I-NP
, , O
the DT B-NP
Hungarian JJ I-NP
fund NN I-NP
with IN B-PP
$ $ B-NP
40 CD I-NP
million CD I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
a DT B-NP
group NN I-NP
of IN B-PP
24 CD B-NP
industrialized VBN I-NP
countries NNS I-NP
, , O
including VBG B-PP
the DT B-NP
U.S. NNP I-NP
and CC O
Japan NNP B-NP
and CC O
coordinated VBN B-VP
by IN B-PP
the DT B-NP
European NNP I-NP
Community NNP I-NP
Commission NNP I-NP
, , O
has VBZ B-VP
promised VBN I-VP
Poland NNP B-NP
and CC I-NP
Hungary NNP I-NP
trade NN B-NP
advice NN I-NP
and CC O
a DT B-NP
line NN I-NP
of IN B-PP
credit NN B-NP
equivalent NN B-ADJP
to TO B-PP
$ $ B-NP
1.11 CD I-NP
billion CD I-NP
through IN B-PP
the DT B-NP
European NNP I-NP
Investment NNP I-NP
Bank NNP I-NP
, , O
while IN B-SBAR
the DT B-NP
EC NNP I-NP
plans VBZ B-VP
$ $ B-NP
222 CD I-NP
million CD I-NP
in IN B-PP
direct JJ B-NP
aid NN I-NP
. . O

When WRB B-ADVP
Chancellor NNP B-NP
Helmut NNP I-NP
Kohl NNP I-NP
travels VBZ B-VP
to TO B-PP
Poland NNP B-NP
Nov. NNP B-NP
9 CD I-NP
, , O
he PRP B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
take VB I-VP
with IN B-PP
him PRP B-NP
a DT B-NP
promise NN I-NP
of IN B-PP
three CD B-NP
billion CD I-NP
West JJ I-NP
German JJ I-NP
marks NNS I-NP
-LRB- ( O
$ $ B-NP
1.6 CD I-NP
billion CD I-NP
-RRB- ) O
in IN B-PP
new JJ B-NP
credit NN I-NP
guarantees NNS I-NP
for IN B-PP
industrial JJ B-NP
projects NNS I-NP
. . O

Last JJ B-NP
week NN I-NP
, , O
Bonn NNP B-NP
agreed VBD B-VP
to TO I-VP
reschedule VB I-VP
2.5 CD B-NP
billion CD I-NP
marks NNS I-NP
in IN B-PP
Polish JJ B-NP
debt NN I-NP
that WDT B-NP
came VBD B-VP
due JJ B-ADJP
last JJ B-NP
year NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
a DT B-NP
one CD I-NP
billion CD I-NP
mark NN I-NP
credit NN I-NP
dating VBG B-VP
from IN B-PP
1974 CD B-NP
is VBZ B-VP
to TO I-VP
be VB I-VP
written VBN I-VP
off RB B-PRT
. . O

Poland NNP B-NP
's POS B-NP
plan NN I-NP
to TO B-VP
switch VB I-VP
to TO B-PP
a DT B-NP
free-market JJ I-NP
economy NN I-NP
by IN B-PP
1991 CD B-NP
is VBZ B-VP
hampered VBN I-VP
by IN B-PP
a DT B-NP
foreign JJ I-NP
debt NN I-NP
load NN I-NP
of IN B-PP
$ $ B-NP
39.2 CD I-NP
billion CD I-NP
. . O

West NNP B-NP
Germany NNP I-NP
also RB B-ADVP
has VBZ B-VP
increased VBN I-VP
its PRP$ B-NP
credit NN I-NP
guarantees NNS I-NP
to TO B-PP
Hungary NNP B-NP
by IN B-PP
500 CD B-NP
million CD I-NP
marks NNS I-NP
to TO O
1.5 CD B-NP
billion CD I-NP
marks NNS I-NP
as IN B-SBAR
the DT B-NP
emerging VBG I-NP
democratic JJ I-NP
state NN I-NP
rushes VBZ B-VP
through IN B-PP
its PRP$ B-NP
own JJ I-NP
economic JJ I-NP
reforms NNS I-NP
, , O
including VBG B-PP
a DT B-NP
broad JJ I-NP
privatization NN I-NP
of IN B-PP
state-owned JJ B-NP
industry NN I-NP
and CC O
tax NN B-NP
incentives NNS I-NP
for IN B-PP
industrial JJ B-NP
investment NN I-NP
. . O

An DT B-NP
additional JJ I-NP
500 CD I-NP
million CD I-NP
marks NNS I-NP
in IN B-PP
credit-backing NN B-NP
was VBD B-VP
promised VBN I-VP
by IN B-PP
the DT B-NP
West JJ I-NP
German JJ I-NP
state NN I-NP
governments NNS I-NP
of IN B-PP
Bavaria NNP B-NP
and CC I-NP
Baden-Wuerttemberg NNP I-NP
. . O

Deutsche NNP B-NP
Bank NNP I-NP
AG NNP I-NP
, , O
which WDT B-NP
last JJ B-NP
year NN I-NP
arranged VBD B-VP
a DT B-NP
three CD I-NP
billion CD I-NP
mark NN I-NP
credit NN I-NP
for IN B-PP
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
, , O
is VBZ B-VP
now RB I-VP
moving VBG I-VP
to TO B-VP
become VB I-VP
the DT B-NP
first JJ I-NP
West JJ I-NP
German JJ I-NP
bank NN I-NP
to TO B-VP
set VB I-VP
up IN B-PRT
independent JJ B-NP
business NN I-NP
offices NNS I-NP
in IN B-PP
Hungary NNP B-NP
and CC I-NP
Poland NNP I-NP
as IN B-SBAR
they PRP B-NP
shift VBP B-VP
to TO B-PP
free-market JJ B-NP
economies NNS I-NP
. . O

A DT B-NP
maxim NN I-NP
of IN B-PP
Frankfurt NNP B-NP
banking NN I-NP
holds VBZ B-VP
that IN B-SBAR
wherever WRB B-ADVP
Deutsche NNP B-NP
Bank NNP I-NP
goes VBZ B-VP
, , O
other JJ B-NP
West JJ I-NP
German JJ I-NP
banks NNS I-NP
follow VBP B-VP
. . O

Indeed RB B-ADVP
, , O
at IN B-NP
least JJS I-NP
four CD I-NP
other JJ I-NP
West JJ I-NP
German JJ I-NP
banks NNS I-NP
are VBP B-VP
believed VBN I-VP
to TO I-VP
be VB I-VP
making VBG I-VP
inquiries NNS B-NP
. . O

Mattel NNP B-NP
Inc. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
rose VBD B-VP
73 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
38 CD I-NP
million CD I-NP
, , O
or CC O
76 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
21.9 CD I-NP
million CD I-NP
, , O
or CC O
45 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Revenue NN B-NP
rose VBD B-VP
34 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
410 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
306.6 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

`` `` O
Mattel NNP B-NP
's POS B-NP
world-wide JJ I-NP
volume NN I-NP
has VBZ B-VP
grown VBN I-VP
25 CD B-NP
% NN I-NP
in IN B-PP
a DT B-NP
climate NN I-NP
of IN B-PP
relatively RB B-NP
flat JJ I-NP
industry NN I-NP
sales NNS I-NP
, , O
'' '' O
said VBD B-VP
John NNP B-NP
W. NNP I-NP
Amerman NNP I-NP
, , O
chairman NN B-NP
. . O

He PRP B-NP
said VBD B-VP
the DT B-NP
toy NN I-NP
company NN I-NP
's POS B-NP
`` `` I-NP
prospects NNS I-NP
for IN B-PP
a DT B-NP
strong JJ I-NP
fourth JJ I-NP
quarter NN I-NP
'' '' O
are VBP B-VP
also RB B-ADVP
good JJ B-ADJP
. . O

Mattel NNP B-NP
attributed VBD B-VP
the DT B-NP
jump NN I-NP
in IN B-PP
quarter NN B-NP
net JJ I-NP
to TO B-PP
strong JJ B-NP
world-wide JJ I-NP
sales NNS I-NP
of IN B-PP
its PRP$ B-NP
Barbie NNP B-NP
doll NN I-NP
, , O
Hot NNP B-NP
Wheels NNP I-NP
cars NNS I-NP
, , O
Disney NNP B-NP
toys NNS I-NP
and CC O
other JJ B-NP
well-known JJ I-NP
toy NN I-NP
lines NNS I-NP
. . O

The DT B-NP
company NN I-NP
also RB B-ADVP
cited VBD B-VP
retail JJ B-NP
trade NN I-NP
and CC O
consumer NN B-NP
demand NN I-NP
for IN B-PP
new JJ B-NP
products NNS I-NP
introduced VBD B-VP
this DT B-NP
year NN I-NP
, , O
such JJ B-PP
as IN I-PP
Cherry NNP B-NP
Merry NNP I-NP
Muffin NNP I-NP
and CC O
Turtle NNP B-NP
Tots NNP I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Mattel NNP B-NP
net JJ I-NP
more RBR B-ADVP
than IN I-ADVP
doubled VBN B-VP
to TO B-PP
$ $ B-NP
58.9 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.19 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
25.4 CD I-NP
million CD I-NP
, , O
or CC O
53 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-NP
. . O

Revenue NN B-NP
rose VBD B-VP
25 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
877.6 CD I-NP
million CD I-NP
, , O
from IN B-PP
$ $ B-NP
702.4 CD I-NP
million CD I-NP
. . O

Mattel NNP B-NP
said VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
sale NN I-NP
of IN B-PP
rights NNS B-NP
to TO B-PP
land VB B-NP
and CC I-NP
buildings NNS I-NP
at IN B-PP
its PRP$ B-NP
Hawthorne NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
headquarters NN I-NP
resulted VBD B-VP
in IN B-PP
a DT B-NP
$ $ I-NP
13 CD I-NP
million CD I-NP
charge NN I-NP
to TO B-PP
third-quarter JJ B-NP
operating NN I-NP
profit NN I-NP
. . O

The DT B-NP
charge NN I-NP
did VBD B-VP
n't RB I-VP
affect VB I-VP
net JJ B-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
as IN B-SBAR
it PRP B-NP
was VBD B-VP
offset VBN I-VP
by IN B-PP
tax NN B-NP
benefits NNS I-NP
. . O

Mattel NNP B-NP
has VBZ B-VP
purchased VBN I-VP
a DT B-NP
new JJ I-NP
headquarters NN I-NP
building NN I-NP
in IN B-PP
El NNP B-NP
Segundo NNP I-NP
, , O
Calif. NNP B-NP
, , O
which WDT B-NP
it PRP B-NP
will MD B-VP
occupy VB I-VP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
next JJ B-NP
year NN I-NP
. . O

Democracy NNP B-NP
can MD B-VP
be VB I-VP
cruel JJ B-ADJP
to TO B-PP
politicians NNS B-NP
: : O
Sometimes RB B-ADVP
it PRP B-NP
forces VBZ B-VP
them PRP B-NP
to TO B-VP
make VB I-VP
choices NNS B-NP
. . O

Now RB B-ADVP
that IN B-SBAR
the DT B-NP
Supreme NNP I-NP
Court NNP I-NP
opened VBD B-VP
the DT B-NP
door NN I-NP
on IN B-PP
the DT B-NP
subject NN I-NP
of IN B-PP
abortion NN B-NP
, , O
politicians NNS B-NP
are VBP B-VP
squinting VBG I-VP
under IN B-PP
the DT B-NP
glare NN I-NP
of IN B-PP
democratic JJ B-NP
choice NN I-NP
. . O

Their PRP$ B-NP
discomfort NN I-NP
is VBZ B-VP
a DT B-NP
healthy JJ I-NP
sign NN I-NP
for IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
us PRP B-NP
. . O

Republicans NNS B-NP
are VBP B-VP
squinting VBG I-VP
most RBS B-ADVP
painfully RB I-ADVP
, , O
at IN B-ADVP
least JJS I-ADVP
at IN B-PP
first JJ B-ADJP
, , O
which WDT B-NP
is VBZ B-VP
only RB B-ADJP
fair JJ I-ADJP
because IN B-SBAR
they PRP B-NP
've VBP B-VP
been VBN I-VP
shielded VBN I-VP
the DT B-NP
most RBS I-NP
. . O

So RB B-ADVP
long RB I-ADVP
as IN B-SBAR
abortion NN B-NP
was VBD B-VP
a DT B-NP
question NN I-NP
for IN B-PP
litigation NN B-NP
, , B-NP
not RB I-NP
legislation NN B-NP
, , O
Republicans NNPS B-NP
could MD B-VP
find VB I-VP
political JJ B-NP
security NN I-NP
in IN B-PP
absolutism NN B-NP
. . O

They PRP B-NP
could MD B-VP
attract VB I-VP
one-issue JJ B-NP
voters NNS I-NP
by IN B-PP
adopting VBG B-VP
the DT B-NP
right-to-life JJ I-NP
movement NN I-NP
's POS B-NP
strongest JJS I-NP
position NN I-NP
, , O
even RB B-SBAR
as IN I-SBAR
pro-choice JJ B-NP
Republicans NNPS I-NP
knew VBD B-VP
this DT B-NP
mattered VBD B-VP
little JJ B-NP
on IN B-PP
an DT B-NP
issue NN I-NP
monopolized VBN B-VP
by IN B-PP
the DT B-NP
court NN I-NP
. . O

Now RB B-ADVP
it PRP B-NP
matters VBZ B-VP
. . O

Much RB B-NP
of IN B-PP
Washington NNP B-NP
thought VBD B-VP
it PRP B-NP
detected VBD B-VP
George NNP B-NP
Bush NNP I-NP
in IN B-PP
a DT B-NP
characteristic JJ I-NP
waffle NN I-NP
on IN B-PP
abortion NN B-NP
the DT B-NP
past JJ I-NP
week NN I-NP
. . O

Only RB B-NP
a DT I-NP
month NN I-NP
ago RB B-ADVP
he PRP B-NP
'd MD B-VP
warned VBD I-VP
Congress NNP B-NP
not RB O
to TO B-VP
pass VB I-VP
legislation NN B-NP
to TO B-VP
pay VB I-VP
for IN B-PP
abortions NNS B-NP
in IN B-PP
cases NNS B-NP
of IN B-PP
rape NN B-NP
or CC I-NP
incest NN I-NP
. . O

Last NNP B-NP
Friday NNP I-NP
, , O
after IN B-SBAR
Congress NNP B-NP
passed VBD B-VP
it PRP B-NP
anyway RB B-ADVP
, , O
he PRP B-NP
hinted VBD B-VP
he PRP B-NP
was VBD B-VP
looking VBG I-VP
for IN B-PP
compromise NN B-NP
. . O

Was VBD O
the DT B-NP
man NN I-NP
who WP B-NP
once RB B-ADVP
was VBD B-VP
pro-choice JJ B-ADJP
, , O
but CC O
later RB B-ADVP
pro-life JJ B-ADJP
, , O
converting VBG B-VP
again RB B-ADVP
? . O

In IN B-PP
fact NN B-NP
, , O
Mr. NNP B-NP
Bush NNP I-NP
's POS B-NP
dance NN I-NP
was VBD B-VP
more JJR B-NP
wiggle NN I-NP
than IN B-PP
waffle NN B-NP
. . O

Pro-life JJ B-NP
advocates NNS I-NP
say VBP B-VP
the DT B-NP
White NNP I-NP
House NNP I-NP
never RB B-ADVP
wavered VBD B-VP
over IN B-PP
the DT B-NP
veto NN I-NP
. . O

Christopher NNP B-NP
Smith NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
N.J. NNP B-NP
-RRB- ) O
, , O
a DT B-NP
pro-life JJ I-NP
leader NN I-NP
in IN B-PP
the DT B-NP
House NNP I-NP
, , O
suggested VBD B-VP
a DT B-NP
compromise NN I-NP
that WDT B-NP
would MD B-VP
have VB I-VP
adapted VBN I-VP
restrictive JJ B-NP
language NN I-NP
from IN B-PP
rape NN B-NP
and CC I-NP
incest NN I-NP
exceptions NNS I-NP
in IN B-PP
the DT B-NP
states NNS I-NP
. . O

The DT B-NP
White NNP I-NP
House NNP I-NP
, , O
never RB B-ADVP
eager JJ B-ADJP
for IN B-PP
a DT B-NP
fight NN I-NP
, , O
was VBD B-VP
happy JJ B-ADJP
to TO B-VP
try VB I-VP
, , O
which WDT B-NP
is VBZ B-VP
why WRB B-ADVP
George NNP B-NP
Bush NNP I-NP
said VBD B-VP
he PRP B-NP
was VBD B-VP
looking VBG I-VP
for IN B-PP
`` `` O
flexibility NN B-NP
'' '' O
last JJ B-NP
week NN I-NP
. . O

When WRB B-ADVP
Democrats NNPS B-NP
refused VBD B-VP
to TO I-VP
budge VB I-VP
, , O
pro-life JJ B-NP
Republicans NNPS I-NP
met VBD B-VP
at IN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
with IN B-PP
Chief NNP O
of IN B-PP
Staff NNP B-NP
John NNP B-NP
Sununu NNP I-NP
on IN B-PP
Monday NNP B-NP
, , O
and CC O
Mr. NNP B-NP
Bush NNP I-NP
quickly RB B-ADVP
signaled VBD B-VP
a DT B-NP
veto NN I-NP
. . O

Amid IN B-PP
charges NNS B-NP
of IN B-PP
`` `` O
timidity NN B-NP
'' '' O
on IN B-PP
Panama NNP B-NP
and CC O
elsewhere RB B-ADVP
, , O
the DT B-NP
president NN I-NP
was VBD B-VP
n't RB O
about IN O
to TO B-VP
offend VB I-VP
his PRP$ B-NP
most RBS I-NP
energetic JJ I-NP
constituency NN I-NP
. . O

The DT B-NP
GOP NNP I-NP
doubters NNS I-NP
were VBD B-VP
in IN B-PP
Congress NNP B-NP
. . O

In IN B-PP
last JJ B-NP
week NN I-NP
's POS B-NP
House NNP I-NP
vote NN I-NP
, , O
41 CD B-NP
Republicans NNPS I-NP
defected VBD B-VP
. . O

After IN B-PP
the DT B-NP
vote NN I-NP
, , O
Connecticut NNP B-NP
Rep. NNP I-NP
Nancy NNP I-NP
Johnson NNP I-NP
rounded VBD B-VP
up IN B-PRT
nearly RB B-NP
as IN I-NP
many JJ I-NP
signatures NNS I-NP
on IN B-PP
a DT B-NP
letter NN I-NP
to TO B-PP
Mr. NNP B-NP
Bush NNP I-NP
urging VBG B-VP
him PRP B-NP
not RB O
to TO B-VP
veto VB I-VP
. . O

Even RB B-NP
such JJ I-NP
a DT I-NP
pro-life JJ I-NP
stalwart NN I-NP
as IN B-PP
Sen. NNP B-NP
Orrin NNP I-NP
Hatch NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Utah NNP B-NP
-RRB- ) O
had VBD B-VP
counseled VBN I-VP
some DT B-NP
kind NN I-NP
of IN B-PP
compromise NN B-NP
. . O

The DT B-NP
Senate NNP I-NP
passed VBD B-VP
the DT B-NP
same JJ I-NP
bill NN I-NP
yesterday NN B-NP
, , O
with IN B-PP
a DT B-NP
veto-proof JJ I-NP
majority NN I-NP
of IN B-PP
67 CD B-NP
. . O

The DT B-NP
manuevering NN I-NP
illustrates VBZ B-VP
an DT B-NP
emerging VBG I-NP
Republican NNP I-NP
donnybrook NN I-NP
, , O
pacified VBD B-VP
since IN B-PP
the DT B-NP
early JJ I-NP
1980s CD I-NP
. . O

At IN B-PP
the DT B-NP
1988 CD I-NP
GOP NNP I-NP
convention NN I-NP
, , O
abortion NN B-NP
was VBD B-VP
barely RB I-VP
discussed VBN I-VP
at IN B-ADVP
all DT I-ADVP
, , O
though IN B-SBAR
delegates NNS B-NP
were VBD B-VP
evenly RB B-ADJP
divided VBN I-ADJP
on IN B-PP
the DT B-NP
question NN I-NP
of IN B-PP
an DT B-NP
anti-abortion JJ I-NP
constitutional JJ I-NP
amendment NN I-NP
. . O

Ms. NNP B-NP
Johnson NNP I-NP
made VBD B-VP
a DT B-NP
passionate JJ I-NP
statement NN I-NP
to TO B-PP
the DT B-NP
platform NN I-NP
committee NN I-NP
, , O
but CC O
she PRP B-NP
was VBD B-VP
talking VBG I-VP
to TO B-PP
herself PRP B-NP
. . O

Now RB B-ADVP
many JJ B-NP
Republicans NNPS I-NP
are VBP B-VP
listening VBG I-VP
. . O

They PRP B-NP
're VBP B-VP
frightened VBN B-ADJP
by IN B-PP
what WP B-NP
they PRP B-NP
see VBP B-VP
in IN B-PP
New NNP B-NP
Jersey NNP I-NP
, , O
and CC O
especially RB B-ADVP
Virginia NNP B-NP
, , O
where WRB B-ADVP
pro-life JJ B-NP
GOP NNP I-NP
candidates NNS I-NP
for IN B-PP
governor NN B-NP
are VBP B-VP
being VBG I-VP
pummeled VBN I-VP
on IN B-PP
abortion NN B-NP
. . O

Eddie NNP B-NP
Mahe NNP I-NP
, , O
a DT B-NP
Republican NNP I-NP
consultant NN I-NP
, , O
says VBZ B-VP
the DT B-NP
two CD I-NP
GOP NNP I-NP
candidates NNS I-NP
could MD B-VP
have VB I-VP
avoided VBN I-VP
trouble NN B-NP
if IN B-SBAR
they PRP B-NP
had VBD B-VP
framed VBN I-VP
the DT B-NP
issue NN I-NP
first JJ B-ADVP
. . O

-LRB- ( O
In IN B-PP
Virginia NNP B-NP
, , O
Marshall NNP B-NP
Coleman NNP I-NP
and CC O
his PRP$ B-NP
running NN I-NP
mate NN I-NP
, , O
Eddy NNP B-NP
Dalton NNP I-NP
, , O
are VBP B-VP
both DT O
on IN B-PP
the DT B-NP
defensive NN I-NP
for IN B-PP
opposing VBG B-VP
abortions NNS B-NP
even RB B-ADVP
in IN B-PP
cases NNS B-NP
of IN B-PP
rape NN B-NP
or CC I-NP
incest NN I-NP
. . O
-RRB- ) O

But CC O
Mr. NNP B-NP
Mahe NNP I-NP
adds VBZ B-VP
, , O
`` `` O
The DT B-NP
net JJ I-NP
loser NN I-NP
in IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
years NNS I-NP
is VBZ B-VP
the DT B-NP
right-to-life JJ I-NP
side NN I-NP
. . O
'' '' O

Darla NNP B-NP
St. NNP I-NP
Martin NNP I-NP
, , O
of IN B-PP
the DT O
National NNP O
Right NNP O
to TO B-PP
Life NNP B-NP
Committee NNP B-NP
, , O
says VBZ B-VP
exit NN B-NP
polls NNS I-NP
from IN B-PP
the DT B-NP
1988 CD I-NP
election NN I-NP
had VBD B-VP
single-issue JJ B-NP
, , I-NP
pro-life JJ I-NP
voters NNS I-NP
giving VBG B-VP
Mr. NNP B-NP
Bush NNP I-NP
about IN B-NP
five CD I-NP
more JJR I-NP
percentage NN I-NP
points NNS I-NP
of IN B-PP
support NN B-NP
than IN B-SBAR
pro-choice JJ B-NP
voters NNS I-NP
gave VBD B-VP
Michael NNP B-NP
Dukakis NNP I-NP
. . O

But CC O
the DT B-NP
Supreme NNP I-NP
Court NNP I-NP
's POS B-NP
opening NN I-NP
of IN B-PP
debate NN B-NP
may MD B-VP
have VB I-VP
changed VBN I-VP
even RB B-NP
that DT I-NP
. . O

GOP NNP B-NP
pollster NN I-NP
Neil NNP I-NP
Newhouse NNP I-NP
, , O
of IN B-PP
the DT B-NP
Wirthlin NNP I-NP
Group NNP I-NP
, , O
says VBZ B-VP
polls VBZ B-NP
this DT B-NP
summer NN I-NP
showed VBD B-VP
that IN B-SBAR
the DT B-NP
single-issue JJ I-NP
voters NNS I-NP
had VBD B-VP
about IN I-VP
evened VBN I-VP
out RB B-PRT
. . O

Polls NNS B-NP
are VBP B-VP
no DT B-NP
substitute NN I-NP
for IN B-PP
principle NN B-NP
, , O
but CC O
they PRP B-NP
'll MD B-VP
do VB I-VP
for IN B-PP
some DT B-NP
politicians NNS I-NP
. . O

The DT B-NP
Republican NNP I-NP
danger NN I-NP
is VBZ B-VP
that DT B-NP
abortion NN I-NP
could MD B-VP
become VB I-VP
for IN B-PP
them PRP B-NP
what WP B-NP
it PRP B-NP
's VBZ B-VP
long RB I-VP
been VBN I-VP
for IN B-PP
Democrats NNPS B-NP
, , O
a DT B-NP
divisive JJ I-NP
litmus NN I-NP
test NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
already RB B-ADVP
that IN B-NP
in IN B-PP
the DT B-NP
Bush NNP I-NP
administration NN I-NP
, , O
at IN B-ADVP
least JJS I-ADVP
for IN B-PP
any DT B-NP
job NN I-NP
in IN B-PP
which WDT B-NP
abortion NN B-NP
is VBZ B-VP
even RB B-ADVP
remotely RB I-ADVP
an DT B-NP
issue NN I-NP
. . O

Oklahoma NNP B-NP
official NN I-NP
Robert NNP I-NP
Fulton NNP I-NP
lost VBD B-VP
a DT B-NP
chance NN I-NP
for IN B-PP
a DT B-NP
senior JJ I-NP
job NN I-NP
in IN B-PP
the DT B-NP
Department NNP I-NP
of IN B-PP
Health NNP B-NP
and CC I-NP
Human NNP I-NP
Services NNP I-NP
after IN B-SBAR
right-to-life JJ B-NP
activists NNS I-NP
opposed VBN B-VP
him PRP B-NP
. . O

Caldwell NNP B-NP
Butler NNP I-NP
, , O
a DT B-NP
conservative JJ I-NP
former JJ I-NP
congressman NN I-NP
, , O
was VBD B-VP
barred VBN I-VP
from IN B-PP
a DT B-NP
Legal NNP I-NP
Services NNPS I-NP
post NN I-NP
, , O
after IN B-SBAR
he PRP B-NP
gave VBD B-VP
wrong JJ B-NP
answers NNS I-NP
on IN B-PP
abortion NN B-NP
. . O

Even RB O
the DT B-NP
president NN I-NP
's POS B-NP
doctor NN I-NP
, , O
Burton NNP B-NP
Lee NNP I-NP
, , O
has VBZ B-VP
said VBD I-VP
on IN B-PP
the DT B-NP
record NN I-NP
that IN B-SBAR
he PRP B-NP
'd MD B-VP
love VB I-VP
to TO I-VP
be VB I-VP
surgeon NN B-NP
general JJ I-NP
but CC O
could MD B-VP
n't RB I-VP
pass VB I-VP
the DT B-NP
pro-life JJ I-NP
test NN I-NP
. . O

In IN B-PP
the DT B-NP
case NN I-NP
of IN B-PP
HHS NNP B-NP
Secretary NNP I-NP
Louis NNP I-NP
Sullivan NNP I-NP
, , O
the DT B-NP
litmus NN I-NP
test NN I-NP
could MD B-VP
yet RB I-VP
damage VB I-VP
issues NNS B-NP
important JJ B-ADJP
to TO B-PP
other JJ B-NP
parts NNS I-NP
of IN B-PP
the DT B-NP
Republican NNP I-NP
coalition NN I-NP
. . O

After IN B-SBAR
Mr. NNP B-NP
Sullivan NNP I-NP
waffled VBD B-VP
on IN B-PP
abortion NN B-NP
last JJ B-NP
year NN I-NP
, , O
the DT B-NP
White NNP I-NP
House NNP I-NP
appeased VBD B-VP
right-to-lifers NNS B-NP
by IN B-PP
surrounding VBG B-VP
him PRP B-NP
with IN B-PP
pro-life JJ B-NP
deputies NNS I-NP
. . O

Their PRP$ B-NP
views NNS I-NP
on IN B-PP
health NN B-NP
care NN I-NP
and CC I-NP
welfare NN I-NP
did VBD B-VP
n't RB I-VP
much JJ I-VP
matter NN I-VP
, , O
though IN B-SBAR
HHS NNP B-NP
spends VBZ B-VP
billions NNS B-NP
a DT B-NP
year NN I-NP
on IN B-PP
both DT B-NP
. . O

It PRP B-NP
makes VBZ B-VP
only RB B-NP
a DT I-NP
handful NN I-NP
of IN B-PP
abortion-related JJ B-NP
decisions NNS I-NP
. . O

Though IN B-SBAR
Democrats NNPS B-NP
can MD B-VP
gloat VB I-VP
at IN B-PP
all PDT B-NP
this DT I-NP
for IN B-PP
now RB B-ADVP
, , O
they PRP B-NP
may MD B-VP
want VB I-VP
to TO I-VP
contain VB I-VP
their PRP$ B-NP
glee NN I-NP
. . O

On IN B-PP
abortion NN B-NP
, , O
their PRP$ B-NP
own JJ I-NP
day NN I-NP
will MD B-VP
come VB I-VP
. . O

Eventually RB B-ADVP
even RB B-NP
Republicans NNPS I-NP
will MD B-VP
find VB I-VP
a DT B-NP
way NN I-NP
to TO B-VP
frame VB I-VP
the DT B-NP
issue NN I-NP
in IN B-PP
ways NNS B-NP
that WDT B-NP
expose VBP B-VP
pro-choice JJ B-NP
absolutism NN I-NP
. . O

Does VBZ O
the DT B-NP
candidate NN I-NP
favor NN B-VP
parental JJ B-NP
consent NN I-NP
for IN B-PP
teen-age JJ B-NP
abortions NNS I-NP
? . O

-LRB- ( O
The DT B-NP
pro-choice JJ I-NP
lobby NN I-NP
does VBZ B-VP
n't RB O
. . O

-RRB- ) O
What WP O
about IN O
banning VBG B-VP
abortions NNS B-NP
in IN B-PP
the DT B-NP
second JJ I-NP
and CC I-NP
third JJ I-NP
trimesters NNS I-NP
? . O

-LRB- ( O
The DT B-NP
lobby NN I-NP
says VBZ B-VP
no DT B-INTJ
again RB B-ADVP
. . O
-RRB- ) O

Democracy NNP B-NP
is VBZ B-VP
forcing VBG I-VP
the DT B-NP
abortion NN I-NP
debate NN I-NP
toward IN B-PP
healthy JJ B-NP
compromise NN I-NP
, , O
toward IN B-PP
the DT B-NP
unpolarizing VBG I-NP
middle NN I-NP
. . O

Roe NNP B-NP
v. CC B-PP
Wade NNP B-NP
pre-empted VBD B-VP
political JJ B-NP
debate NN I-NP
, , O
so RB O
the DT B-NP
extremes NNS I-NP
blossomed VBD B-VP
. . O

Now RB B-ADVP
the DT B-NP
ambivalent JJ I-NP
middle NN I-NP
, , O
a DT B-NP
moral JJ I-NP
majority NN I-NP
of IN B-PP
sorts NNS B-NP
, , O
is VBZ B-VP
reasserting VBG I-VP
itself PRP B-NP
. . O

Within IN B-PP
a DT B-NP
few JJ I-NP
years NNS I-NP
, , O
the DT B-NP
outcome NN I-NP
in IN B-PP
most RBS B-NP
states NNS I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
that DT O
abortion NN B-NP
will MD B-VP
be VB I-VP
more RBR B-ADJP
restricted VBN I-ADJP
, , B-ADJP
but CC I-ADJP
not RB I-ADJP
completely RB B-ADJP
banned VBN I-ADJP
. . O

This DT B-NP
is VBZ B-VP
where WRB B-ADVP
the DT B-NP
voters NNS I-NP
are VBP B-VP
, , O
which WDT B-NP
is VBZ B-VP
where WRB B-ADVP
politicians NNS B-NP
usually RB B-ADVP
end VBP B-VP
up RB B-PRT
. . O

Union NNP B-NP
Pacific NNP I-NP
Corp NNP I-NP
. . I-NP
third-quarter JJ I-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
17 CD B-NP
% NN I-NP
. . O

Excluding VBG B-VP
earnings NNS B-NP
from IN B-PP
discontinued VBN B-NP
operations NNS I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
net NN B-NP
fell VBD B-VP
only RB B-NP
2 CD I-NP
% NN I-NP
. . O

The DT B-NP
energy NN I-NP
, , I-NP
natural JJ I-NP
resources NNS I-NP
and CC I-NP
railroad NN I-NP
concern NN I-NP
had VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
137.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.35 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
from IN B-PP
$ $ B-NP
165 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.44 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

In IN B-PP
the DT B-NP
1988 CD I-NP
third JJ I-NP
quarter NN I-NP
, , O
profit NN B-NP
from IN B-PP
continuing VBG B-NP
operations NNS I-NP
totaled VBD B-VP
$ $ B-NP
140.1 CD I-NP
million CD I-NP
. . O

A DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
the DT B-NP
company NN I-NP
had VBD B-VP
profit NN B-NP
from IN B-PP
discontinued VBN B-NP
operations NNS I-NP
of IN B-PP
$ $ B-NP
24.9 CD I-NP
million CD I-NP
from IN B-PP
sale NN B-NP
of IN B-PP
a DT B-NP
pipeline NN I-NP
, , O
a DT B-NP
refinery NN I-NP
and CC O
an DT B-NP
interest NN I-NP
in IN B-PP
a DT B-NP
second JJ I-NP
refinery NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
2 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.58 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.54 CD I-NP
billion CD I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
Union NNP B-NP
Pacific NNP I-NP
jumped VBD B-VP
$ $ B-NP
1.375 CD I-NP
to TO B-PP
$ $ B-NP
75 CD I-NP
a DT B-NP
share NN I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
its PRP$ B-NP
Union NNP I-NP
Pacific NNP I-NP
Railroad NNP I-NP
had VBD B-VP
a DT B-NP
3 CD I-NP
% NN I-NP
profit NN I-NP
increase NN I-NP
, , O
despite IN B-PP
a DT B-NP
14 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
fuel NN B-NP
costs NNS I-NP
and CC O
a DT B-NP
4 CD I-NP
% NN I-NP
drop NN I-NP
in IN B-PP
car NN B-NP
loadings NNS I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
commodity NN I-NP
traffic NN I-NP
was VBD B-VP
off IN B-ADVP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Earnings NNS B-NP
from IN B-PP
continuing VBG B-NP
operations NNS I-NP
of IN B-PP
the DT B-NP
Union NNP I-NP
Pacific NNP I-NP
Resources NNPS I-NP
unit NN I-NP
almost RB B-ADVP
doubled VBD B-VP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

It PRP B-NP
added VBD B-VP
that IN B-SBAR
higher JJR B-NP
revenue NN I-NP
, , O
strong JJ B-NP
crude JJ I-NP
oil NN I-NP
prices NNS I-NP
and CC O
higher JJR B-NP
natural JJ I-NP
gas NN I-NP
prices NNS I-NP
offset VBP B-VP
declines NNS B-NP
in IN B-PP
production NN B-NP
of IN B-PP
oil NN B-NP
, , I-NP
gas NN I-NP
and CC I-NP
plant NN I-NP
liquids NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
the DT B-NP
company NN I-NP
cited VBD B-VP
cost-reduction JJ B-NP
moves NNS I-NP
and CC O
interest NN B-NP
income NN I-NP
. . O

Earnings NNS B-NP
from IN B-PP
Union NNP B-NP
Pacific NNP I-NP
Realty NNP I-NP
dropped VBD B-VP
50 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
3 CD I-NP
million CD I-NP
. . O

Before IN B-PP
good JJ B-NP
will NN I-NP
, , O
Overnite NNP B-NP
Transportation NNP I-NP
earnings NNS I-NP
fell VBD B-VP
11 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
15 CD I-NP
million CD I-NP
, , O
Union NNP B-NP
Pacific NNP I-NP
said VBD B-VP
. . O

In IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
net NN B-NP
fell VBD B-VP
6.3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
427.7 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.98 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
456.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Profit NN B-NP
from IN B-PP
continuing VBG B-NP
operations NNS I-NP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
was VBD B-VP
$ $ B-NP
402.7 CD I-NP
million CD I-NP
. . O

Revenue NN B-NP
was VBD B-VP
$ $ B-NP
4.75 CD I-NP
billion CD I-NP
, , O
up IN B-ADVP
6 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
4.49 CD I-NP
billion CD I-NP
. . O

The DT B-NP
Federal NNP I-NP
Trade NNP I-NP
Commission NNP I-NP
ruled VBD B-VP
that IN B-SBAR
five CD B-NP
major JJ I-NP
title-insurance JJ I-NP
companies NNS I-NP
illegally RB B-ADVP
fixed VBN B-VP
prices NNS B-NP
for IN B-PP
title NN B-NP
search-and-examination JJ I-NP
services NNS I-NP
by IN B-PP
participating VBG B-VP
in IN B-PP
joint JJ B-NP
`` `` I-NP
rating NN I-NP
bureaus NN I-NP
'' '' O
in IN B-PP
six CD B-NP
states NNS I-NP
. . O

The DT B-NP
FTC NNP I-NP
ordered VBD B-VP
the DT B-NP
companies NNS I-NP
not RB O
to TO B-VP
use VB I-VP
rating NN B-NP
bureaus NN I-NP
in IN B-PP
those DT B-NP
six CD I-NP
states NNS I-NP
. . O

The DT B-NP
commission NN I-NP
order NN I-NP
named VBD B-VP
the DT B-NP
following VBG I-NP
companies NNS I-NP
: : O
Ticor NNP B-NP
Title NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
of IN B-PP
California NNP B-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Los NNP B-NP
Angeles-based JJ I-NP
Ticor NNP I-NP
; : O
Chicago NNP B-NP
Title NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
and CC O
Safeco NNP B-NP
Title NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
units NNS B-NP
of IN B-PP
Chicago NNP B-NP
Title NN I-NP
& CC I-NP
Trust NNP I-NP
Co. NNP I-NP
; : O
Lawyers NNS B-NP
Title NNP I-NP
Insurance NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Richmond NNP B-NP
, , I-NP
Va.-based JJ I-NP
Universal NNP I-NP
Corp. NNP I-NP
; : O
and CC O
Stewart NNP B-NP
Title NNP I-NP
Guaranty NNP I-NP
Co. NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Houston-based NNP B-NP
Stewart NNP I-NP
Information NNP I-NP
Services NNP I-NP
Corp NNP I-NP
. . O

Chicago NNP B-NP
Title NN I-NP
& CC I-NP
Trust NNP I-NP
acquired VBD B-VP
Safeco NNP B-NP
in IN B-PP
1987 CD B-NP
and CC O
changed VBD B-VP
the DT B-NP
unit NN I-NP
's POS B-NP
name NN I-NP
to TO B-PP
Security NNP B-NP
Union NNP I-NP
Title NNP I-NP
Insurance NNP I-NP
Co NNP I-NP
. . O

The DT B-NP
FTC NNP I-NP
ruled VBD B-VP
that IN B-SBAR
the DT B-NP
companies NNS I-NP
violated VBD B-VP
federal JJ B-NP
antitrust JJ I-NP
law NN I-NP
by IN B-PP
fixing VBG B-VP
rates NNS B-NP
in IN B-PP
the DT B-NP
following VBG I-NP
states NNS I-NP
: : O
New NNP B-NP
Jersey NNP I-NP
, , O
Pennsylvania NNP B-NP
, , O
Connecticut NNP B-NP
, , O
Wisconsin NNP B-NP
, , O
Arizona NNP B-NP
and CC O
Montana NNP B-NP
. . O

The DT B-NP
FTC NNP I-NP
first RB B-ADVP
issued VBN B-VP
an DT B-NP
administrative JJ I-NP
complaint NN I-NP
in IN B-PP
the DT B-NP
case NN I-NP
in IN B-PP
1985 CD B-NP
. . O

John NNP B-NP
Christie NNP I-NP
, , O
a DT B-NP
lawyer NN I-NP
here RB B-ADVP
for IN B-PP
the DT B-NP
two CD I-NP
Chicago NNP I-NP
Title NN I-NP
& CC I-NP
Trust NNP I-NP
units NNS I-NP
accused VBD B-VP
the DT B-NP
FTC NNP I-NP
of IN B-PP
`` `` B-VP
second-guessing NN I-VP
'' '' O
state-level JJ B-NP
regulations NNS I-NP
, , O
with IN B-PP
which WDT B-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
his PRP$ B-NP
clients NNS I-NP
had VBD B-VP
complied VBN I-VP
. . O

`` `` O
I PRP B-NP
expect VBP B-VP
all PDT B-NP
the DT I-NP
companies NNS I-NP
to TO B-VP
appeal VB I-VP
, , O
'' '' O
he PRP B-NP
added VBD B-VP
. . O

A DT B-NP
lawyer NN I-NP
for IN B-PP
Lawyers NNS B-NP
Title NN I-NP
said VBD B-VP
that IN B-SBAR
, , O
because IN B-SBAR
the DT B-NP
named VBN I-NP
companies NNS I-NP
no RB B-ADVP
longer RB I-ADVP
use VBP B-VP
the DT B-NP
type NN I-NP
of IN B-PP
cooperative JJ B-NP
rating NN I-NP
bureaus NN I-NP
attacked VBN B-VP
by IN B-PP
the DT B-NP
FTC NNP I-NP
, , O
the DT B-NP
commission NN I-NP
's POS B-NP
order NN I-NP
wo MD B-VP
n't RB I-VP
have VB I-VP
much JJ B-NP
practical JJ I-NP
impact NN I-NP
. . O

Officials NNS B-NP
for IN B-PP
the DT B-NP
other JJ I-NP
named VBN I-NP
companies NNS I-NP
did VBD B-VP
n't RB I-VP
return VB I-VP
telephone NN B-NP
calls VBZ I-NP
seeking VBG B-VP
comment VB B-NP
. . O

MARK NNP B-NP
RESOURCES NNP I-NP
INC. NNP I-NP
, , O
Calgary NNP B-NP
, , O
Alberta NNP B-NP
, , O
said VBD B-VP
it PRP B-NP
agreed VBD B-VP
to TO I-VP
sell VB I-VP
75 CD B-NP
million CD I-NP
Canadian JJ I-NP
dollars NNS I-NP
-LRB- ( O
US$ $ B-NP
63.9 CD I-NP
million CD I-NP
-RRB- ) O
of IN B-PP
8 CD B-NP
% NN I-NP
convertible JJ I-NP
debentures NNS I-NP
to TO B-PP
a DT B-NP
group NN I-NP
of IN B-PP
securities NNS B-NP
dealers NNS I-NP
. . O

Mark NNP B-NP
, , O
an DT B-NP
oil NN I-NP
and CC I-NP
gas NN I-NP
concern NN I-NP
, , O
said VBD B-VP
the DT B-NP
15-year JJ I-NP
debentures NNS I-NP
are VBP B-VP
convertible JJ B-ADJP
before IN B-PP
maturity NN B-NP
at IN B-PP
C$ $ B-NP
12.50 CD I-NP
for IN B-PP
each DT B-NP
Mark NNP I-NP
common JJ I-NP
share NN I-NP
, , O
and CC O
can MD B-VP
be VB I-VP
redeemed VBN I-VP
at IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
option NN I-NP
, , O
under IN B-PP
certain JJ B-NP
conditions NNS I-NP
, , O
after IN B-PP
Nov. NNP B-NP
30 CD I-NP
, , I-NP
1992 CD I-NP
. . O

The DT B-NP
government NN I-NP
will MD B-VP
try VB I-VP
to TO I-VP
sell VB I-VP
all PDT B-NP
the DT I-NP
real JJ I-NP
estate NN I-NP
managed VBN B-VP
by IN B-PP
the DT B-NP
Federal NNP I-NP
Asset NNP I-NP
Disposition NNP I-NP
Association NNP I-NP
in IN B-PP
one CD B-NP
fell VBD I-NP
swoop NN I-NP
, , O
said VBD B-VP
William NNP B-NP
Seidman NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Deposit NNP I-NP
Insurance NNP I-NP
Corp NNP I-NP
. . O

The DT B-NP
FADA NNP I-NP
real-estate NN I-NP
package NN I-NP
, , O
with IN B-PP
an DT B-NP
asking VBG I-NP
price NN I-NP
of IN B-PP
$ $ B-NP
428 CD I-NP
million CD I-NP
, , O
is VBZ B-VP
comprised VBN I-VP
of IN B-PP
150 CD B-NP
properties NNS I-NP
in IN B-PP
Texas NNP B-NP
, , I-NP
California NNP I-NP
, , I-NP
Colorado NNP I-NP
, , I-NP
Arizona NNP I-NP
and CC I-NP
Florida NNP I-NP
. . O

It PRP B-NP
includes VBZ B-VP
apartments NNS B-NP
, , O
shopping NN B-NP
centers NNS I-NP
, , O
office NN B-NP
buildings NNS I-NP
and CC O
undeveloped JJ B-NP
land NN I-NP
. . O

Mr. NNP B-NP
Seidman NNP I-NP
is VBZ B-VP
chairman NN B-NP
of IN B-PP
the DT B-NP
Resolution NNP I-NP
Trust NNP I-NP
Corp. NNP I-NP
, , O
established VBN B-VP
to TO B-VP
sell VB I-VP
or CC I-VP
merge VB I-VP
the DT B-NP
nation NN I-NP
's POS B-NP
hundreds NNS I-NP
of IN B-PP
insolvent JJ B-NP
savings-and-loan JJ I-NP
associations NNS I-NP
. . O

The DT B-NP
RTC NNP I-NP
, , O
created VBN B-VP
by IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
S&L NNP I-NP
bailout NN I-NP
legislation NN I-NP
, , O
is VBZ B-VP
trying VBG I-VP
to TO I-VP
sell VB I-VP
FADA NNP B-NP
's POS B-NP
network NN I-NP
of IN B-PP
offices NNS B-NP
separately RB B-ADVP
. . O

FADA NNP B-NP
, , O
which WDT B-NP
holds VBZ B-VP
problem NN B-NP
assets NNS I-NP
of IN B-PP
thrifts NNS B-NP
that WDT B-NP
were VBD B-VP
closed VBN I-VP
before IN B-SBAR
the DT B-NP
bailout NN I-NP
legislation NN I-NP
was VBD B-VP
enacted VBN I-VP
, , O
is VBZ B-VP
being VBG I-VP
liquidated VBN I-VP
. . O

The DT B-NP
properties NNS I-NP
held VBN B-VP
by IN B-PP
FADA NNP B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
sold VBN I-VP
piecemeal RB B-ADVP
, , O
Mr. NNP B-NP
Seidman NNP I-NP
said VBD B-VP
in IN B-PP
a DT B-NP
speech NN I-NP
before IN B-PP
Southern NNP B-NP
Methodist NNP I-NP
University NNP I-NP
Business NNP I-NP
School NNP I-NP
in IN B-PP
Dallas NNP B-NP
. . O

`` `` O
You PRP B-NP
need VBP B-VP
to TO I-VP
buy VB I-VP
the DT B-NP
entire JJ I-NP
lot NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Seidman NNP I-NP
said VBD B-VP
, , O
`` `` O
so RB O
get VB B-VP
out RP B-PRT
your PRP$ B-NP
checkbooks NNS I-NP
. . O

The DT B-NP
following VBG I-NP
were VBD B-VP
among IN B-PP
yesterday NN B-NP
's POS B-NP
offerings NNS I-NP
and CC I-NP
pricings NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC I-NP
non-U.S. JJ I-NP
capital NN I-NP
markets NNS I-NP
, , O
with IN B-PP
terms NNS B-NP
and CC O
syndicate NN B-NP
manager NN I-NP
, , O
as IN B-SBAR
compiled VBN B-VP
by IN B-PP
Dow NNP B-NP
Jones NNP I-NP
Capital NNP I-NP
Markets NNP I-NP
Report NNP I-NP
: : O

Sequa NNP B-NP
Corp. NNP I-NP
-- : O
$ $ B-NP
150 CD I-NP
million CD I-NP
of IN B-PP
9 CD B-NP
5\/8 CD I-NP
% NN I-NP
notes NNS I-NP
due JJ B-ADJP
Oct. NNP B-NP
15 CD I-NP
, , I-NP
1999 CD I-NP
, , O
priced VBN B-VP
at IN B-PP
99.75 CD B-NP
to TO B-VP
yield VB I-VP
9.664 CD B-NP
% NN I-NP
. . O

The DT B-NP
noncallable JJ I-NP
issue NN I-NP
was VBD B-VP
priced VBN I-VP
at IN B-PP
a DT B-NP
spread NN I-NP
of IN B-PP
170 CD B-NP
basis NN I-NP
points NNS I-NP
above IN B-PP
the DT B-NP
Treasury NNP I-NP
's POS B-NP
10-year JJ I-NP
note NN I-NP
. . O

Rated VBN B-VP
Baa-2 JJ B-ADJP
by IN B-PP
Moody NNP B-NP
's POS B-NP
Investors NNP I-NP
Service NNP I-NP
Inc. NNP I-NP
and CC O
triple-B-minus NNP B-ADJP
by IN B-PP
Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
Corp. NNP I-NP
, , O
the DT B-NP
issue NN I-NP
will MD B-VP
be VB I-VP
sold VBN I-VP
through IN B-PP
underwriters NNS B-NP
led VBN B-VP
by IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
. . O

Virginia NNP B-NP
Public NNP I-NP
School NNP I-NP
Authority NNP I-NP
-- : O
$ $ B-NP
55.7 CD I-NP
million CD I-NP
of IN B-PP
school NN B-NP
financing NN I-NP
bonds NNS I-NP
, , O
1989 CD B-NP
Series NNP I-NP
B NNP I-NP
-LRB- ( O
1987 CD B-NP
resolution NN I-NP
-RRB- ) O
, , O
due JJ B-ADJP
19912000 CD B-NP
, , I-NP
2005 CD I-NP
and CC I-NP
2010 CD I-NP
, , O
through IN B-PP
a DT B-NP
BT NNP I-NP
Securities NNP I-NP
Corp. NNP I-NP
group NN I-NP
. . O

The DT B-NP
bonds NNS I-NP
, , O
rated VBN B-VP
double-A JJ B-ADJP
by IN B-PP
Moody NNP B-NP
's POS B-NP
and CC O
S&P NNP B-NP
, , O
were VBD B-VP
priced VBN I-VP
to TO B-VP
yield VB I-VP
from IN B-PP
6 CD B-NP
% NN I-NP
in IN B-PP
1991 CD B-NP
to TO B-PP
7.10 CD B-NP
% NN I-NP
in IN B-PP
2010 CD B-NP
. . O

Serial JJ B-NP
bonds NNS I-NP
were VBD B-VP
priced VBN I-VP
to TO B-VP
yield VB I-VP
to TO B-PP
6.75 CD B-NP
% NN I-NP
in IN B-PP
2000 CD B-NP
. . O

Bonds NNS B-NP
due JJ B-ADJP
1991-1996 CD B-NP
carry VB B-VP
6.70 CD B-NP
% NN I-NP
coupons NNS I-NP
and CC O
bonds NNS B-NP
due JJ B-ADJP
1997-2000 CD B-NP
carry VB B-VP
6 CD B-NP
3\/4 CD I-NP
% NN I-NP
coupons NNS I-NP
. . O

Term NN B-NP
bonds NNS I-NP
due JJ B-ADJP
2005 CD B-NP
are VBP B-VP
n't RB I-VP
being VBG I-VP
formally RB I-VP
reoffered VBN I-VP
. . O

They PRP B-NP
carry VBP B-VP
a DT B-NP
7 CD I-NP
% NN I-NP
coupon NN I-NP
. . O

Term NN B-NP
bonds NNS I-NP
due JJ B-ADJP
2010 CD B-NP
are VBP B-VP
7.10 CD B-NP
% NN I-NP
securities NNS I-NP
priced VBN B-VP
at IN B-PP
par NN B-NP
. . O

St. NNP B-NP
Johns NNP I-NP
River NNP I-NP
Water NNP I-NP
Management NNP I-NP
District NNP I-NP
, , O
Fla. NNP B-NP
-- : O
$ $ B-NP
50,005,000 CD I-NP
of IN B-PP
land NN B-NP
acquisition NN I-NP
revenue NN I-NP
bonds NNS I-NP
, , O
Series NNP B-NP
1989 CD I-NP
, , O
due JJ B-ADJP
1990-2000 CD B-NP
, , I-NP
2003 CD I-NP
, , I-NP
2006 CD I-NP
and CC I-NP
2009 CD I-NP
, , O
tentatively RB B-VP
priced VBN I-VP
by IN B-PP
a DT B-NP
Smith NNP I-NP
Barney NNP I-NP
, , I-NP
Harris NNP I-NP
Upham NNP I-NP
& CC I-NP
Co. NNP I-NP
group NN I-NP
to TO B-VP
yield VB I-VP
from IN B-PP
6 CD B-NP
% NN I-NP
in IN B-PP
1990 CD B-NP
to TO B-PP
about IN B-NP
7.03 CD I-NP
% NN I-NP
in IN B-PP
2003 CD B-NP
. . O

There EX B-NP
are VBP B-VP
$ $ B-NP
9.76 CD I-NP
million CD I-NP
of IN B-PP
7 CD B-NP
% NN I-NP
term NN I-NP
bonds NNS I-NP
due JJ B-ADJP
2003 CD B-NP
, , O
priced VBN B-VP
at IN B-PP
99 CD B-NP
3\/4 CD I-NP
to TO B-VP
yield VB I-VP
about IN B-NP
7.03 CD I-NP
% NN I-NP
. . O

The DT B-NP
$ $ I-NP
11,775,000 CD I-NP
of IN B-PP
term NN B-NP
bonds NNS I-NP
due JJ B-ADJP
2006 CD B-NP
and CC O
the DT B-NP
$ $ I-NP
13,865,000 CD I-NP
of IN B-PP
term NN B-NP
bonds NNS I-NP
due JJ B-ADJP
2009 CD B-NP
are VBP B-VP
n't RB I-VP
being VBG I-VP
formally RB I-VP
reoffered VBN I-VP
. . O

Serial JJ B-NP
bonds NNS I-NP
were VBD B-VP
priced VBN I-VP
at IN B-PP
par NN B-NP
to TO B-VP
yield VB I-VP
to TO B-PP
6.90 CD B-NP
% NN I-NP
in IN B-PP
2000 CD B-NP
. . O

The DT B-NP
bonds NNS I-NP
are VBP B-VP
insured VBN I-VP
and CC O
rated VBN B-VP
triple-A JJ B-ADJP
by IN B-PP
Moody NNP B-NP
's POS B-NP
and CC O
S&P NNP B-NP
. . O

Federal NNP B-NP
Home NNP I-NP
Loan NNP I-NP
Mortgage NNP I-NP
Corp. NNP I-NP
-- : O
$ $ B-NP
500 CD I-NP
million CD I-NP
of IN B-PP
Remic NNP B-NP
mortgage NN I-NP
securities NNS I-NP
being VBG B-VP
offered VBN I-VP
in IN B-PP
12 CD B-NP
classes NNS I-NP
by IN B-PP
Salomon NNP B-NP
Brothers NNP I-NP
Inc NNP I-NP
. . O

The DT B-NP
offering NN I-NP
, , O
Series NNP B-NP
105 CD I-NP
, , O
is VBZ B-VP
backed VBN I-VP
by IN B-PP
Freddie NNP B-NP
Mac NNP I-NP
9 CD I-NP
1\/2 CD I-NP
% NN I-NP
securities NNS I-NP
. . O

Separately RB B-ADVP
, , O
$ $ B-NP
400 CD I-NP
million CD I-NP
of IN B-PP
Freddie NNP B-NP
Mac NNP I-NP
Remic NNP I-NP
mortgage NN I-NP
securities NNS I-NP
is VBZ B-VP
being VBG I-VP
offered VBN I-VP
in IN B-PP
10 CD B-NP
classes NNS I-NP
by IN B-PP
Kidder NNP B-NP
, , I-NP
Peabody NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

The DT B-NP
offering NN I-NP
, , O
Series NNP B-NP
106 CD I-NP
, , O
is VBZ B-VP
backed VBN I-VP
by IN B-PP
Freddie NNP B-NP
Mac NNP I-NP
9 CD I-NP
1\/2 CD I-NP
% NN I-NP
securities NNS I-NP
. . O

According VBG B-PP
to TO B-PP
available JJ B-NP
details NNS I-NP
, , O
yields NNS B-NP
range VBP B-VP
from IN B-PP
8.70 CD B-NP
% NN I-NP
, , O
a DT B-NP
spread NN I-NP
of IN B-PP
80 CD B-NP
basis NN I-NP
points NNS I-NP
over IN B-PP
three-year JJ B-NP
Treasury NNP I-NP
securities NNS I-NP
, , O
to TO B-PP
10.37 CD B-NP
% NN I-NP
, , O
a DT B-NP
spread NN I-NP
of IN B-PP
230 CD B-NP
basis NN I-NP
points NNS I-NP
over IN B-PP
20-year JJ B-NP
Treasurys NNPS I-NP
. . O

The DT B-NP
offerings NNS I-NP
bring VBP B-VP
Freddie NNP B-NP
Mac NNP I-NP
's POS B-NP
1989 CD I-NP
Remic NNP I-NP
issuance NN I-NP
to TO B-PP
$ $ B-NP
32.6 CD I-NP
billion CD I-NP
and CC O
its PRP$ B-NP
total JJ I-NP
volume NN I-NP
to TO B-PP
$ $ B-NP
46.5 CD I-NP
billion CD I-NP
since IN B-SBAR
the DT B-NP
program NN I-NP
began VBD B-VP
in IN B-PP
February NNP B-NP
1988 CD I-NP
. . O

European NNP B-NP
Investment NNP I-NP
Bank NNP I-NP
-LRB- ( O
agency NN B-NP
-RRB- ) O
-- : O
200 CD B-NP
billion CD I-NP
lire NNS I-NP
of IN B-PP
12 CD B-NP
% NN I-NP
bonds NNS I-NP
due JJ B-ADJP
Nov. NNP B-NP
16 CD I-NP
, , I-NP
1995 CD I-NP
, , O
priced VBN B-VP
at IN B-PP
101 CD B-NP
3\/4 CD I-NP
to TO B-VP
yield VB I-VP
12 CD B-NP
% NN I-NP
less RBR B-PP
full JJ B-NP
fees NNS I-NP
, , O
via IN B-PP
lead NN B-NP
manager NN I-NP
Banco NNP I-NP
Commercial NNP I-NP
Italiana NNP I-NP
. . O

Fees NNS B-NP
1 CD B-NP
3\/4 CD I-NP
. . O

IBM NNP B-NP
International NNP I-NP
Finance NNP I-NP
-LRB- ( O
U.S. NNP B-NP
parent NN I-NP
-RRB- ) O
-- : O
125 CD B-NP
million CD I-NP
European JJ I-NP
currency NN I-NP
units NNS I-NP
of IN B-PP
9 CD B-NP
1\/8 CD I-NP
% NN I-NP
bonds NNS I-NP
due JJ B-ADJP
Nov. NNP B-NP
10 CD I-NP
, , I-NP
1994 CD I-NP
, , O
priced VBN B-VP
at IN B-PP
101 CD B-NP
5\/8 CD I-NP
to TO B-VP
yield VB I-VP
9.13 CD B-NP
% NN I-NP
at IN B-PP
the DT B-NP
recommended VBN I-NP
reoffered VBN I-NP
price NN I-NP
of IN B-PP
par NN B-NP
, , O
via IN B-PP
Banque NNP B-NP
Paribas NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
. . O

Societe NNP B-NP
Generale NNP I-NP
Australia NNP I-NP
Ltd NNP I-NP
. . O
-LRB- ( O
French JJ B-NP
parent NN I-NP
-RRB- ) O
-- : O
50 CD B-NP
million CD I-NP
Australian JJ I-NP
dollars NNS I-NP
of IN B-PP
17 CD B-NP
% NN I-NP
bonds NNS I-NP
due JJ B-ADJP
Nov. NNP B-NP
20 CD I-NP
, , I-NP
1991 CD I-NP
, , O
priced VBN B-VP
at IN B-PP
101.90 CD B-NP
to TO B-VP
yield VB I-VP
16.59 CD B-NP
less JJR B-PP
fees NNS B-NP
, , O
via IN B-PP
Westpac NNP B-NP
Banking NNP I-NP
Corp NNP I-NP
. . O

Guaranteed VBN B-VP
by IN B-PP
Societe NNP B-NP
Generale NNP I-NP
. . O

Fees NNS B-NP
1 CD B-NP
1\/4 CD I-NP
. . O

Mitsubishi NNP B-NP
Trust NNP I-NP
& CC I-NP
Banking NNP I-NP
Corp NNP I-NP
. . O
-LRB- ( O
Japan NNP B-NP
-RRB- ) O
-- : O
200 CD B-NP
million CD I-NP
Swiss JJ I-NP
francs NNS I-NP
of IN B-PP
privately RB B-NP
placed VBN I-NP
convertible JJ I-NP
notes NNS I-NP
due JJ B-ADJP
March NNP B-NP
31 CD I-NP
, , I-NP
1994 CD I-NP
, , O
with IN B-PP
a DT B-NP
fixed VBN I-NP
0.75 CD I-NP
% NN I-NP
coupon NN I-NP
at IN B-PP
par NN B-NP
, , O
via IN B-PP
Union NNP B-NP
Bank NNP I-NP
of IN B-PP
Switzerland NNP B-NP
. . O

Put VB B-NP
option NN I-NP
on IN B-PP
March NNP B-NP
31 CD I-NP
, , I-NP
1992 CD I-NP
, , O
at IN B-PP
a DT B-NP
fixed VBN I-NP
107 CD I-NP
3\/4 CD I-NP
to TO B-VP
yield VB I-VP
3.5 CD B-NP
% NN I-NP
. . O

Callable JJ B-ADJP
from IN B-PP
March NNP B-NP
31 CD I-NP
, , I-NP
1992 CD I-NP
, , O
at IN B-PP
107 CD B-NP
3\/4 CD I-NP
, , O
declining VBG B-VP
two CD B-NP
points NNS I-NP
semi-annually RB B-ADVP
to TO B-PP
par NN B-NP
. . O

Each DT B-NP
50,000 CD I-NP
Swiss JJ I-NP
franc NN I-NP
note NN I-NP
is VBZ B-VP
convertible JJ B-ADJP
from IN B-PP
Nov NNP B-NP
, , I-NP
27 CD I-NP
, , I-NP
1989 CD I-NP
, , O
to TO B-PP
March NNP B-NP
21 CD I-NP
, , I-NP
1994 CD I-NP
, , O
at IN B-PP
a DT B-NP
premium NN I-NP
over IN B-PP
the DT B-NP
closing VBG I-NP
share NN I-NP
price NN I-NP
Oct. NNP B-NP
25 CD I-NP
, , O
when WRB B-ADVP
terms NNS B-NP
are VBP B-VP
scheduled VBN I-VP
to TO I-VP
be VB I-VP
fixed VBN I-VP
. . O

Also RB B-ADVP
, , O
the DT B-NP
company NN I-NP
issued VBN B-VP
300 CD B-NP
million CD I-NP
marks NNS I-NP
of IN B-PP
convertible JJ B-NP
bonds NNS I-NP
with IN B-PP
an DT B-NP
indicated VBD I-NP
2 CD I-NP
3\/4 CD I-NP
% NN I-NP
coupon NN I-NP
due JJ B-ADJP
March NNP B-NP
31 CD I-NP
, , I-NP
1995 CD I-NP
, , O
at IN B-PP
par NN B-NP
, , O
via IN B-PP
Westdeutsche NNP B-NP
Landesbank NNP I-NP
Girozentrale NNP I-NP
Bank NNP I-NP
. . O

Put VB B-NP
on IN B-PP
March NNP B-NP
31 CD I-NP
, , I-NP
1992 CD I-NP
, , O
at IN B-PP
an DT B-NP
indicated VBD I-NP
105 CD I-NP
to TO B-VP
yield VB I-VP
4.80 CD B-NP
% NN I-NP
. . O

Call VB B-NP
option NN I-NP
beginning VBG B-VP
March NNP B-NP
31 CD I-NP
, , I-NP
1992 CD I-NP
, , O
if IN B-SBAR
the DT B-NP
price NN I-NP
of IN B-PP
the DT B-NP
stock NN I-NP
rises VBZ B-VP
more JJR B-NP
than IN I-NP
50 CD I-NP
% NN I-NP
within IN B-PP
30 CD B-NP
trading NN I-NP
days NNS I-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
a DT B-NP
call NN I-NP
option NN I-NP
for IN B-PP
tax NN B-NP
reasons NNS I-NP
. . O

Each DT B-NP
1,000 CD I-NP
mark NN I-NP
and CC I-NP
10,000 CD I-NP
mark NN I-NP
bond NN I-NP
is VBZ B-VP
convertible JJ B-ADJP
from IN B-PP
Nov. NNP B-NP
27 CD I-NP
, , I-NP
1989 CD I-NP
, , O
to TO B-PP
March NNP B-NP
21 CD I-NP
, , I-NP
1995 CD I-NP
, , O
at IN B-PP
a DT B-NP
price NN I-NP
to TO B-VP
be VB I-VP
determined VBN I-VP
when WRB B-ADVP
terms NNS B-NP
are VBP B-VP
fixed VBN I-VP
Oct. NNP B-NP
25 CD I-NP
. . O

Scandinavian NNP B-NP
Airlines NNP I-NP
System NNP I-NP
-LRB- ( O
Sweden NNP B-NP
-RRB- ) O
-- : O
100 CD B-NP
million CD I-NP
Swiss JJ I-NP
francs NNS I-NP
of IN B-PP
6 CD B-NP
1\/8 CD I-NP
% NN I-NP
bonds NNS I-NP
due JJ B-ADJP
Nov. NNP B-NP
24 CD I-NP
, , I-NP
1999 CD I-NP
, , O
priced VBN B-VP
at IN B-PP
100 CD B-NP
3\/4 CD I-NP
to TO B-VP
yield VB I-VP
6.03 CD B-NP
% NN I-NP
, , O
via IN B-PP
Union NNP B-NP
Bank NNP I-NP
of IN B-PP
Switzerland NNP B-NP
. . O

Call VB B-NP
from IN B-PP
Nov. NNP B-NP
24 CD I-NP
, , I-NP
1994 CD I-NP
, , O
at IN B-PP
101 CD B-NP
1\/2 CD I-NP
, , O
declining VBG B-VP
1\/4 CD B-NP
point NN I-NP
a DT B-NP
year NN I-NP
. . O

Federal NNP B-NP
Home NNP I-NP
Loan NNP I-NP
Mortgage NNP I-NP
Corp. NNP I-NP
-- : O
$ $ B-NP
400 CD I-NP
million CD I-NP
of IN B-PP
10-year JJ B-NP
debentures NNS I-NP
with IN B-PP
a DT B-NP
coupon NN I-NP
rate NN I-NP
of IN B-PP
8.80 CD B-NP
% NN I-NP
, , O
priced VBN B-VP
at IN B-PP
par NN B-NP
. . O

The DT B-NP
debentures NNS I-NP
, , O
callable JJ B-ADJP
at IN B-PP
par NN B-NP
in IN B-PP
five CD B-NP
years NNS I-NP
, , O
were VBD B-VP
priced VBN I-VP
at IN B-PP
a DT B-NP
yield NN I-NP
spread NN I-NP
of IN B-PP
about IN B-NP
86 CD I-NP
basis NN I-NP
points NNS I-NP
above IN B-PP
the DT B-NP
Treasury NNP I-NP
10-year JJ I-NP
note NN I-NP
. . O

The DT B-NP
issue NN I-NP
is VBZ B-VP
being VBG I-VP
sold VBN I-VP
through IN B-PP
Freddie NNP B-NP
Mac NNP I-NP
's POS B-NP
17-member JJ I-NP
securities NNS I-NP
selling VBG I-NP
group NN I-NP
. . O

The DT B-NP
debentures NNS I-NP
mature NNP B-VP
Oct. NNP B-NP
27 CD I-NP
, , I-NP
1999 CD I-NP
. . O

The DT B-NP
debentures NNS I-NP
will MD B-VP
be VB I-VP
available JJ B-ADJP
in IN B-PP
book-entry JJ B-NP
form NN I-NP
only RB B-ADVP
in IN B-PP
a DT B-NP
minimum JJ I-NP
amount NN I-NP
of IN B-PP
$ $ B-NP
5,000 CD I-NP
and CC O
additional JJ B-NP
increments NNS I-NP
of IN B-PP
$ $ B-NP
5,000 CD I-NP
. . O

Interest NN B-NP
will MD B-VP
be VB I-VP
paid VBN I-VP
semi-annually RB B-ADVP
. . O

First NNP B-ADVP
they PRP B-NP
get VBP B-VP
us PRP B-NP
to TO B-VP
buy VB I-VP
computers NNS B-NP
so IN B-SBAR
we PRP B-NP
can MD B-VP
get VB I-VP
more JJR B-NP
information NN I-NP
. . O

Then RB B-ADVP
the DT B-NP
computers NNS I-NP
give VBP B-VP
us PRP B-NP
more JJR B-NP
information NN I-NP
than IN B-SBAR
we PRP B-NP
can MD B-VP
ever RB I-VP
read VB I-VP
. . O

Now RB B-ADVP
they PRP B-NP
plan VBP B-VP
to TO I-VP
sell VB I-VP
us PRP B-NP
products NNS B-NP
that WDT B-NP
sift VBP B-VP
through IN B-PP
all PDT B-NP
the DT I-NP
information NN I-NP
to TO B-VP
give VB I-VP
us PRP B-NP
what WP B-NP
we PRP B-NP
really RB B-ADVP
want VBP B-VP
to TO I-VP
know VB I-VP
. . O

The DT B-NP
products NNS I-NP
range VBP B-VP
from IN B-PP
computer-edited JJ B-NP
, , I-NP
personal JJ I-NP
newsletters NNS I-NP
to TO B-PP
systems NNS B-NP
that WDT B-NP
sit VBP B-VP
inside IN B-PP
a DT B-NP
personal JJ I-NP
computer NN I-NP
and CC O
pick VB B-VP
stories NNS B-NP
on IN B-PP
selected VBN B-NP
topics NNS I-NP
off IN B-PP
news NN B-NP
wires NNS I-NP
. . O

`` `` O
Filtered VBN B-NP
news NN I-NP
is VBZ B-VP
what WP B-NP
people NNS B-NP
want VBP B-VP
, , O
'' '' O
says VBZ B-VP
Esther NNP B-NP
Dyson NNP I-NP
, , O
editor NN B-NP
of IN B-PP
Release NNP B-NP
1.0 CD I-NP
, , O
an DT B-NP
industry NN I-NP
newsletter NN I-NP
that IN B-NP
spots VBZ B-VP
new JJ B-NP
developments NNS I-NP
. . O

`` `` O
Most JJS B-NP
people NNS I-NP
read VBP B-VP
10 CD B-NP
times NNS I-NP
more JJR I-NP
than IN B-PP
necessary JJ B-ADJP
in IN B-SBAR
order NN O
to TO B-VP
find VB I-VP
out IN B-PRT
what WP B-NP
they PRP B-NP
really RB B-ADVP
need VBP B-VP
. . O
'' '' O

Geoffrey NNP B-NP
Goodfellow NNP I-NP
, , O
who WP B-NP
dropped VBD B-VP
out IN B-PP
of IN B-PP
high JJ B-NP
school NN I-NP
back RB B-ADVP
in IN B-PP
the DT B-NP
1970s NNS I-NP
to TO B-VP
manage VB I-VP
a DT B-NP
computer NN I-NP
network NN I-NP
at IN B-PP
a DT B-NP
California NNP I-NP
research NN I-NP
firm NN I-NP
, , O
says VBZ B-VP
: : O
`` `` O
Old NNP B-NP
network NN I-NP
hands NNS I-NP
have VBP B-VP
started VBN I-VP
to TO I-VP
turn VB I-VP
off IN B-PRT
the DT B-NP
network NN I-NP
because IN B-SBAR
they PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
time NN B-NP
to TO B-VP
wade VB I-VP
through IN B-PP
the DT B-NP
muck NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Goodfellow NNP I-NP
has VBZ B-VP
started VBN I-VP
a DT B-NP
Menlo NNP I-NP
Park NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
company NN I-NP
called VBN B-VP
Anterior NNP B-NP
Technology NNP I-NP
that WDT B-NP
provides VBZ B-VP
human JJ B-NP
editors NNS I-NP
for IN B-PP
public JJ B-NP
electronic JJ I-NP
networks NNS I-NP
. . O

`` `` O
I PRP B-NP
see VBP B-VP
it PRP B-NP
as IN B-PP
a DT B-NP
sewage NN I-NP
treatment NN I-NP
plant NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

A DT B-NP
new JJ I-NP
product NN I-NP
, , O
NewsEdge NNP B-NP
, , O
carries VBZ B-VP
five CD B-NP
business NN I-NP
news NN I-NP
wires NNS I-NP
simultaneously RB B-ADVP
into IN B-PP
a DT B-NP
user NN I-NP
's POS B-NP
computer NN I-NP
and CC O
beeps NNS B-VP
and CC I-VP
flashes NNS I-VP
whenever WRB B-ADVP
an DT B-NP
article NN I-NP
appears VBZ B-VP
that WDT B-NP
is NNS B-VP
of IN B-PP
interest NN B-NP
to TO B-PP
the DT B-NP
user NN I-NP
. . O

The DT B-NP
product NN I-NP
, , O
developed VBN B-VP
by IN B-PP
Desktop NNP B-NP
Data NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
new JJ I-NP
company NN I-NP
based VBN B-VP
in IN B-PP
Waltham NNP B-NP
, , O
Mass. NNP B-NP
, , O
scans VBZ B-VP
the DT B-NP
wires NNS I-NP
looking VBG B-VP
for IN B-PP
articles NNS B-NP
that WDT B-NP
contain VBP B-VP
key JJ B-NP
words NNS I-NP
specified VBN B-VP
by IN B-PP
the DT B-NP
user NN I-NP
. . O

One CD B-NP
early JJ I-NP
user NN I-NP
, , O
David NNP B-NP
Semmel NNP I-NP
, , O
a DT B-NP
Chicago NNP I-NP
venture NN I-NP
capitalist NN I-NP
and CC O
investor NN B-NP
in IN B-PP
Desktop NNP B-NP
Data NNP I-NP
, , O
says VBZ B-VP
he PRP B-NP
uses VBZ B-VP
it PRP B-NP
to TO B-VP
track VB I-VP
takeover NN B-NP
developments NNS I-NP
. . O

He PRP B-NP
says VBZ B-VP
he PRP B-NP
told VBD B-VP
NewsEdge NNP B-NP
to TO B-VP
look VB I-VP
for IN B-PP
stories NNS B-NP
containing VBG B-VP
such JJ B-NP
words NNS I-NP
as IN B-PP
takeover NN B-NP
, , I-NP
acquisition NN I-NP
, , I-NP
acquire VB I-NP
, , I-NP
LBO NNP I-NP
, , I-NP
tender NN I-NP
, , I-NP
merger NN I-NP
, , I-NP
junk NN I-NP
and CC I-NP
halted VBN I-NP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
pretty RB B-ADJP
confident JJ I-ADJP
I PRP B-NP
'm VBP B-VP
catching VBG I-VP
everything NN B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

NewsEdge NNP B-NP
is VBZ B-VP
pricey JJ B-ADJP
: : O
$ $ B-NP
7,500 CD I-NP
a DT B-NP
year NN I-NP
for IN B-PP
a DT B-NP
limited JJ I-NP
version NN I-NP
, , O
$ $ B-NP
40,000 CD I-NP
a DT B-NP
year NN I-NP
if IN B-SBAR
the DT B-NP
cost NN I-NP
of IN B-PP
all PDT B-NP
the DT I-NP
news NN I-NP
wires NNS I-NP
is VBZ B-VP
included VBN I-VP
. . O

And CC O
it PRP B-NP
works VBZ B-VP
best JJS B-ADVP
in IN B-PP
high-powered JJ B-NP
personal JJ I-NP
computers NNS I-NP
. . O

But CC O
some DT B-NP
investors NNS I-NP
and CC I-NP
consultants NNS I-NP
who WP B-NP
have VBP B-VP
tried VBN I-VP
it PRP B-NP
are VBP B-VP
enthusiastic JJ B-ADJP
. . O

Jeffrey NNP B-NP
Tarter NNP I-NP
, , O
editor NN B-NP
of IN B-PP
SoftLetter NNP B-NP
, , O
a DT B-NP
Watertown NNP I-NP
, , I-NP
Mass. NNP I-NP
, , I-NP
industry NN I-NP
newsletter NN I-NP
, , O
says VBZ B-VP
: : O
`` `` O
I PRP B-NP
've VBP B-VP
seen VBN I-VP
a DT B-NP
lot NN I-NP
of IN B-PP
people NNS B-NP
fooling VBG B-VP
around IN B-PRT
on IN B-PP
the DT B-NP
fringes NNS I-NP
of IN B-PP
filtering VBG B-NP
information NN I-NP
. . O

This DT B-NP
is VBZ B-VP
the DT B-NP
first JJ I-NP
time NN I-NP
I PRP B-NP
've VBP B-VP
seen VBN I-VP
something NN B-NP
I PRP B-NP
could MD B-VP
imagine VB I-VP
a DT B-NP
lot NN I-NP
of IN B-PP
people NNS B-NP
using VBG B-VP
. . O
'' '' O

NewsEdge NNP B-NP
uses VBZ B-VP
an DT B-NP
FM NNP I-NP
radio NN I-NP
band NN I-NP
to TO B-VP
carry VB I-VP
news NN B-NP
wires NNS I-NP
provided VBN B-VP
by IN B-PP
Reuters NNP B-NP
, , O
McGraw-Hill NNP B-NP
and CC O
Dow NNP B-NP
Jones NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
PR NNP B-NP
Newswire NNP I-NP
, , O
which WDT B-NP
carries VBZ B-VP
corporate JJ B-NP
press NN I-NP
releases NNS I-NP
. . O

An DT B-NP
FM NNP I-NP
receiver NN I-NP
attached VBN B-VP
to TO B-PP
a DT B-NP
user NN I-NP
's POS B-NP
personal JJ I-NP
computer NN I-NP
receives VBZ B-VP
the DT B-NP
information NN I-NP
. . O

Some DT B-NP
organizations NNS I-NP
have VBP B-VP
devised VBN I-VP
their PRP$ B-NP
own JJ I-NP
systems NNS I-NP
to TO B-VP
sort VB I-VP
through IN B-PP
news NN B-NP
wire NN I-NP
items NNS I-NP
as IN B-SBAR
they PRP B-NP
come VBP B-VP
in RB B-ADVP
. . O

George NNP B-NP
Goodwin NNP I-NP
, , O
an DT B-NP
account NN I-NP
manager NN I-NP
at IN B-PP
Royal NNP B-NP
Bank NNP I-NP
of IN B-PP
Canada NNP B-NP
, , O
adapted VBD B-VP
a DT B-NP
Lotus NNP I-NP
Development NNP I-NP
Corp. NNP I-NP
program NN I-NP
called VBN B-VP
Agenda NNP B-NP
to TO B-VP
sort VB I-VP
through IN B-PP
international JJ B-NP
news NN I-NP
wires NNS I-NP
. . O

It PRP B-NP
automatically RB B-ADVP
selects VBZ B-VP
stories NNS B-NP
from IN B-PP
particular JJ B-NP
countries NNS I-NP
for IN B-PP
reading NN B-NP
by IN B-PP
the DT B-NP
international JJ I-NP
bankers NNS I-NP
responsible JJ B-ADJP
for IN B-PP
lending NN B-NP
in IN B-PP
those DT B-NP
areas NNS I-NP
. . O

For IN B-PP
those DT B-NP
who WP B-NP
do VBP B-VP
n't RB I-VP
need VB I-VP
their PRP$ B-NP
personalized VBN I-NP
information NN I-NP
moment NN B-NP
by IN B-PP
moment NN B-NP
, , O
some DT B-NP
services NNS I-NP
are VBP B-VP
offering VBG I-VP
overnight JJ B-NP
newsletters NNS I-NP
. . O

Individual NNP B-NP
Inc. NNP I-NP
, , O
a DT B-NP
new JJ I-NP
company NN I-NP
in IN B-PP
Brookline NNP B-NP
, , O
Mass. NNP B-NP
, , O
uses VBZ B-VP
filtering VBG B-NP
technology NN I-NP
developed VBN B-VP
by IN B-PP
Cornell NNP B-NP
University NNP I-NP
computer NN I-NP
scientist NN I-NP
Gerard NNP I-NP
Salton NNP I-NP
, , O
to TO B-VP
automatically RB I-VP
produce VB I-VP
customized VBN B-NP
newsletters NNS I-NP
it PRP B-NP
sends VBZ B-VP
electronically RB B-ADVP
to TO B-PP
subscribers NNS B-NP
by IN B-PP
8 CD B-NP
a.m. NN I-NP
the DT B-NP
next JJ I-NP
day NN I-NP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
operating VBG I-VP
an DT B-NP
information NN I-NP
refinery NN I-NP
that WDT B-NP
takes VBZ B-VP
a DT B-NP
broad JJ I-NP
stream NN I-NP
of IN B-PP
raw JJ B-NP
data NNS I-NP
and CC O
turns VBZ B-VP
it PRP B-NP
into IN B-PP
actionable JJ B-NP
knowledge NN I-NP
, , O
'' '' O
says VBZ B-VP
Yosi NNP B-NP
Amram NNP I-NP
, , O
founder NN B-NP
and CC I-NP
president NN I-NP
. . O

The DT B-NP
daily JJ I-NP
newsletter NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
n't RB O
widely RB B-ADJP
available JJ I-ADJP
yet RB B-ADVP
, , O
will MD B-VP
have VB I-VP
a DT B-NP
base NN I-NP
cost NN I-NP
of IN B-PP
$ $ B-NP
2,000 CD I-NP
a DT B-NP
year NN I-NP
and CC O
provides VBZ B-VP
full JJ B-NP
text NN I-NP
of IN B-PP
relevant JJ B-NP
articles NNS I-NP
under IN B-PP
license NN B-NP
agreements NNS I-NP
with IN B-PP
Reuters NNP B-NP
, , O
McGraw NNP B-NP
Hill NNP I-NP
, , O
United NNP B-NP
Press NNP I-NP
International NNP I-NP
, , O
two CD B-NP
press NN I-NP
release NN I-NP
news NN I-NP
wires NNS I-NP
and CC O
Japan NNP B-NP
's POS B-NP
Kyodo NNP I-NP
news NN I-NP
service NN I-NP
. . O

One CD B-NP
early JJ I-NP
user NN I-NP
is VBZ B-VP
NEC NNP B-NP
Corp. NNP I-NP
's POS B-NP
U.S. NNP I-NP
printer NN I-NP
marketing NN I-NP
arm NN I-NP
. . O

`` `` O
They PRP B-NP
want VBP B-VP
the DT B-NP
full JJ I-NP
press NN I-NP
releases NNS I-NP
on IN B-PP
printer NN B-NP
announcements NNS I-NP
by IN B-PP
their PRP$ B-NP
competition NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Amram NNP I-NP
says VBZ B-VP
. . O

It PRP B-NP
also RB B-ADVP
tracks VBZ B-VP
personnel NNS B-NP
and CC I-NP
financial JJ I-NP
announcements NNS I-NP
by IN B-PP
NEC NNP B-NP
's POS B-NP
distributors NNS I-NP
and CC I-NP
customers NNS I-NP
. . O

Individual NNP B-NP
Inc. NNP I-NP
's POS B-NP
technology NN I-NP
goes VBZ B-VP
beyond IN B-PP
word NN B-NP
searches NNS I-NP
by IN B-PP
using VBG B-VP
a DT B-NP
computerized JJ I-NP
thesaurus NN I-NP
. . O

If IN B-SBAR
a DT B-NP
customer NN I-NP
asks VBZ B-VP
for IN B-PP
stories NNS B-NP
about IN B-PP
`` `` O
IBM NNP B-NP
, , O
'' '' O
the DT B-NP
computer NN I-NP
will MD B-VP
also RB I-VP
supply VB I-VP
stories NNS B-NP
that WDT B-NP
mention VBP B-VP
`` `` O
I.B.M. NNP B-NP
, , O
International NNP B-NP
Business NNP I-NP
Machines NNPS I-NP
, , O
or CC O
Big NNP B-NP
Blue NNP I-NP
, , O
'' '' O
Mr. NNP B-NP
Amram NNP I-NP
says VBZ B-VP
. . O

Moreover RB B-ADVP
, , O
Individual NNP B-NP
Inc. NNP I-NP
's POS B-NP
computers NNS I-NP
can MD B-VP
weigh VB I-VP
the DT B-NP
value NN I-NP
of IN B-PP
an DT B-NP
article NN I-NP
based VBN B-VP
on IN B-PP
how WRB B-ADVP
closely RB I-ADVP
the DT B-NP
story NN I-NP
matches VBZ B-VP
the DT B-NP
subscriber NN I-NP
's POS B-NP
interest NN I-NP
area NN I-NP
. . O

It PRP B-NP
compares VBZ B-VP
the DT B-NP
position NN I-NP
of IN B-PP
key JJ B-NP
words NNS I-NP
in IN B-PP
the DT B-NP
story NN I-NP
; : O
words NNS B-NP
in IN B-PP
the DT B-NP
headline NN I-NP
or CC I-NP
first JJ I-NP
paragraph NN I-NP
get VB B-VP
a DT B-NP
higher JJR I-NP
value NN I-NP
. . O

And CC O
it PRP B-NP
calculates VBZ B-VP
how WRB B-ADVP
often RB I-ADVP
the DT B-NP
words NNS I-NP
appear VBP B-VP
in IN B-PP
the DT B-NP
story NN I-NP
compared VBN B-PP
with IN B-PP
how WRB B-ADVP
often RB I-ADVP
they PRP B-NP
appear VBP B-VP
in IN B-PP
the DT B-NP
entire JJ I-NP
data NNS I-NP
base VBP I-NP
. . O

The DT O
higher JJR O
the DT B-NP
ratio NN I-NP
of IN B-PP
hits NNS B-NP
to TO B-PP
total VB B-NP
words NNS I-NP
, , O
the DT O
higher JJR O
the DT B-NP
presumed VBN I-NP
value NN I-NP
to TO B-PP
the DT B-NP
reader NN I-NP
. . O

Pinpoint NNP B-NP
Information NNP I-NP
Corp. NNP I-NP
, , O
Chantilly NNP B-NP
, , O
Va. NNP B-NP
, , O
a DT B-NP
producer NN I-NP
of IN B-PP
$ $ B-NP
1,800-a-year RB I-NP
personalized VBN I-NP
newsletters NNS I-NP
about IN B-PP
the DT B-NP
computer NN I-NP
industry NN I-NP
that WDT B-NP
started VBD B-VP
full JJ B-NP
operation NN I-NP
last JJ B-NP
month NN I-NP
, , O
relies VBZ B-VP
on IN B-PP
12 CD B-NP
human JJ I-NP
readers NNS I-NP
to TO B-VP
code VB I-VP
news NN B-NP
releases NNS I-NP
by IN B-PP
topic NN B-NP
in IN B-SBAR
order NN O
to TO B-VP
select VB I-VP
items NNS B-NP
for IN B-PP
each DT B-NP
subscriber NN I-NP
. . O

`` `` O
The DT B-NP
computers NNS I-NP
find VBP B-VP
all PDT B-NP
the DT I-NP
key JJ I-NP
words NNS I-NP
they PRP B-NP
can MD B-VP
, , O
but CC O
the DT B-NP
editors NNS I-NP
confirm VBP B-VP
every DT B-NP
one CD I-NP
. . O

Computer NNP B-NP
picking VBG I-NP
is VBZ B-VP
n't RB O
perfect JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
Harvey NNP B-NP
Golomb NNP I-NP
, , O
president NN B-NP
and CC I-NP
founder NN I-NP
of IN B-PP
Pinpoint NNP B-NP
. . O

The DT B-NP
humans NNS I-NP
also RB B-ADVP
write VBP B-VP
abstracts NNS B-NP
of IN B-PP
articles NNS B-NP
from IN B-PP
some DT B-NP
200 CD I-NP
computer NN I-NP
industry NN I-NP
publications NNS I-NP
. . O

Once RB O
all PDT B-NP
the DT I-NP
articles NNS I-NP
are VBP B-VP
coded VBN I-VP
and CC O
put VB B-VP
in IN B-PP
a DT B-NP
data NNS I-NP
base VBP I-NP
, , O
Pinpoint NNP B-NP
's POS B-NP
computers NNS I-NP
pick VBP B-VP
the DT B-NP
most RBS I-NP
relevant JJ I-NP
for IN B-PP
each DT B-NP
subscriber NN I-NP
and CC O
lay VBD B-VP
them PRP B-NP
out IN B-PRT
in IN B-PP
a DT B-NP
three-to-five-page JJ I-NP
newsletter NN I-NP
format NN I-NP
; : O
each DT B-NP
newsletter NN I-NP
is VBZ B-VP
sent VBN I-VP
directly RB B-ADVP
from IN B-PP
the DT B-NP
computer NN I-NP
to TO B-PP
the DT B-NP
subscriber NN I-NP
's POS B-NP
fax NN I-NP
machine NN I-NP
. . O

Mr. NNP B-NP
Golomb NNP I-NP
says VBZ B-VP
each DT B-NP
of IN B-PP
his PRP$ B-NP
computers NNS I-NP
can MD B-VP
produce VB I-VP
and CC I-VP
send VB I-VP
about IN B-NP
75 CD I-NP
unique JJ I-NP
newsletters NNS I-NP
a DT B-NP
night NN I-NP
. . O

Many JJ B-NP
computer NN I-NP
network NN I-NP
users NNS I-NP
who WP B-NP
never RB B-ADVP
see VB B-VP
news NN B-NP
wires NNS I-NP
would MD B-VP
like VB I-VP
to TO I-VP
sort VB I-VP
through IN B-PP
their PRP$ B-NP
electronic JJ I-NP
mail NN I-NP
automatically RB B-ADVP
. . O

So-called JJ B-NP
E-mail NN I-NP
is VBZ B-VP
the DT B-NP
collection NN I-NP
of IN B-PP
inter-office JJ B-NP
memos NNS I-NP
, , O
gossip NN B-NP
, , O
technical JJ B-NP
data NNS I-NP
, , O
schedules NNS B-NP
and CC O
directives NNS B-NP
distributed VBN B-VP
over IN B-PP
local JJ B-NP
and CC I-NP
national JJ I-NP
computer NN I-NP
networks NNS I-NP
. . O

`` `` O
All DT B-NP
these DT I-NP
interconnected VBN I-NP
computers NNS I-NP
make VBP B-VP
it PRP B-NP
difficult JJ B-ADJP
to TO B-VP
sort VB I-VP
out IN B-PRT
what WP B-NP
's VBZ B-VP
junk NN B-NP
and CC O
what WP B-NP
's VBZ B-VP
important JJ B-NP
, , O
'' '' O
says VBZ B-VP
Chuck NNP B-NP
Digate NNP I-NP
, , O
a DT B-NP
former JJ I-NP
Lotus NNP I-NP
Development NNP I-NP
executive NN I-NP
who WP B-NP
has VBZ B-VP
started VBN I-VP
a DT B-NP
new JJ I-NP
company NN I-NP
to TO B-VP
cope VB I-VP
with IN B-PP
the DT B-NP
problem NN I-NP
. . O

Mr. NNP B-NP
Digate NNP I-NP
says VBZ B-VP
his PRP$ B-NP
firm NN I-NP
, , O
Beyond IN B-NP
Inc. NNP I-NP
, , O
has VBZ B-VP
licensed VBN I-VP
technology NN B-NP
known VBN B-VP
as IN B-PP
Information NNP B-NP
Lens NNP I-NP
from IN B-PP
Massachusetts NNP B-NP
Institute NNP I-NP
of IN B-PP
Technology NNP B-NP
and CC O
plans NNS B-VP
to TO I-VP
develop VB I-VP
it PRP B-NP
for IN B-PP
commercial JJ B-NP
use NN I-NP
. . O

The DT B-NP
MIT NNP I-NP
project NN I-NP
devised VBD B-VP
ways NNS B-NP
for IN B-SBAR
E-mail NN B-NP
to TO B-VP
be VB I-VP
automatically RB I-VP
categorized VBN I-VP
as IN B-PP
top JJ B-NP
priority NN I-NP
if IN B-SBAR
it PRP B-NP
comes VBZ B-VP
from IN B-PP
certain RB B-NP
designated VBN I-NP
senders NNS I-NP
or CC O
requires VBZ B-VP
action NN B-NP
in IN B-PP
the DT B-NP
next JJ I-NP
couple NN I-NP
of IN B-PP
days NNS B-NP
. . O

Mr. NNP B-NP
Digate NNP I-NP
says VBZ B-VP
that IN O
Beyond IN B-NP
will MD B-VP
refine VB I-VP
the DT B-NP
product NN I-NP
`` `` O
so RB B-SBAR
the DT B-NP
message NN I-NP
will MD B-VP
be VB I-VP
smart JJ B-ADJP
enough RB I-ADJP
to TO B-VP
know VB I-VP
to TO I-VP
come VB I-VP
back RB B-ADVP
and CC O
bother VB B-VP
you PRP B-NP
again RB B-ADVP
next JJ B-NP
week NN I-NP
. . O
'' '' O

And CC O
if IN B-SBAR
a DT B-NP
user NN I-NP
is VBZ B-VP
busy JJ B-ADJP
, , O
`` `` O
he PRP B-NP
can MD B-VP
set VB I-VP
it PRP B-NP
for IN B-PP
crisis NN B-NP
mode NN I-NP
: : O
` `` O
Do VBP B-VP
n't RB I-VP
bother VB I-VP
me PRP B-NP
with IN B-PP
reports NNS B-NP
until IN B-PP
Monday NNP B-NP
. . O
' '' O
'' '' O

A DT B-NP
program NN I-NP
called VBD B-VP
Notes NNS B-NP
, , O
which WDT B-NP
is VBZ B-VP
under IN B-PP
development NN B-NP
by IN B-PP
Lotus NNP B-NP
, , O
also RB B-ADVP
is VBZ B-VP
designed VBN I-VP
to TO B-VP
sort VB I-VP
E-mail NN B-NP
sent VBD B-VP
within IN B-PP
work NN B-NP
groups NNS I-NP
. . O

One CD B-NP
thing NN I-NP
that WDT B-NP
makes VBZ B-VP
E-mail NN B-NP
difficult JJ B-ADJP
to TO B-VP
sift VB I-VP
through IN B-PP
is VBZ B-VP
that IN B-SBAR
each DT B-NP
item NN I-NP
looks VBZ B-VP
the DT B-NP
same JJ I-NP
. . O

Notes NNS B-NP
, , O
which WDT B-NP
is VBZ B-VP
designed VBN I-VP
for IN B-PP
advanced VBN B-NP
computers NNS I-NP
that IN B-NP
display NN B-VP
graphics NNS B-NP
, , O
allows VBZ B-VP
mail NN B-NP
senders NNS I-NP
to TO B-VP
put VB I-VP
different JJ B-NP
logos NNS I-NP
on IN B-PP
their PRP$ B-NP
mail NN I-NP
. . O

A DT B-NP
daily JJ I-NP
news NN I-NP
briefing NN I-NP
from IN B-PP
the DT B-NP
company NN I-NP
librarian NN I-NP
, , O
for IN B-PP
example NN B-NP
, , O
would MD B-VP
have VB I-VP
a DT B-NP
distinctive JJ I-NP
format NN I-NP
on IN B-PP
the DT B-NP
screen NN I-NP
, , O
just RB B-SBAR
as IN I-SBAR
a DT B-NP
paper NN I-NP
version NN I-NP
would MD B-VP
have VB I-VP
. . O

`` `` O
With IN B-PP
E-mail NN B-NP
, , O
you PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
the DT B-NP
visual JJ I-NP
clues NNS I-NP
of IN B-PP
paper NN B-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Tarter NNP I-NP
, , O
the DT B-NP
editor NN I-NP
of IN B-PP
SoftLetter NNP B-NP
. . O

`` `` O
With IN B-PP
Notes NNS B-NP
, , O
they PRP B-NP
're VBP B-VP
visually RB B-ADJP
distinct JJ I-ADJP
. . O

Dean NNP B-NP
Witter NNP I-NP
Reynolds NNP I-NP
Inc. NNP I-NP
lost VBD B-VP
its PRP$ B-NP
second JJ I-NP
recent JJ I-NP
arbitration NN I-NP
case NN I-NP
involving VBG B-VP
a DT B-NP
former JJ I-NP
bond-trading JJ I-NP
executive NN I-NP
. . O

A DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
arbitration NN I-NP
panel NN I-NP
ordered VBD B-VP
Dean NNP B-NP
Witter NNP I-NP
to TO B-VP
pay VB I-VP
$ $ B-NP
404,294 CD I-NP
in IN B-PP
back RB B-NP
bonuses VBZ I-NP
to TO B-PP
William NNP B-NP
Kelly NNP I-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
former JJ I-NP
head NN I-NP
of IN B-PP
high-yield JJ B-NP
, , I-NP
high-risk JJ I-NP
junk-bond NN I-NP
trading NN I-NP
and CC I-NP
sales NNS I-NP
. . O

It PRP B-NP
also RB B-ADVP
awarded VBD B-VP
$ $ B-NP
196,785 CD I-NP
in IN B-PP
back RB B-NP
bonuses VBZ I-NP
to TO B-PP
former JJ B-NP
trader NN I-NP
Michael NNP I-NP
Newcomb NNP I-NP
and CC O
$ $ B-NP
69,105 CD I-NP
in IN B-PP
fees NNS B-NP
to TO B-PP
the DT B-NP
two CD I-NP
men NNS I-NP
's POS B-NP
attorneys NNS I-NP
. . O

The DT B-NP
sums NNS I-NP
awarded VBN B-VP
to TO B-PP
Messrs. NNP B-NP
Kelly NNP I-NP
and CC I-NP
Newcomb NNP I-NP
represent VB B-VP
bonuses VBZ B-NP
the DT B-NP
two CD I-NP
men NNS I-NP
said VBD B-VP
they PRP B-NP
deserved VBD B-VP
from IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
of IN B-PP
1988 CD B-NP
, , O
but CC O
which WDT B-NP
were VBD B-VP
n't RB I-VP
paid VBN I-VP
because IN B-PP
of IN I-PP
a DT B-NP
dispute NN I-NP
over IN B-PP
an DT B-NP
incentive NN I-NP
contract NN I-NP
. . O

Jeffrey NNP B-NP
L. NNP I-NP
Liddle NNP I-NP
, , O
the DT B-NP
two CD I-NP
men NNS I-NP
's POS B-NP
attorney NN I-NP
at IN B-PP
Liddle NNP B-NP
, , I-NP
O'Connor NNP I-NP
, , I-NP
Finkelstein NNP I-NP
& CC I-NP
Robinson NNP I-NP
, , O
said VBD B-VP
Mr. NNP B-NP
Kelly NNP I-NP
began VBD B-VP
working VBG I-VP
at IN B-PP
Dean NNP B-NP
Witter NNP I-NP
in IN B-PP
1987 CD B-NP
. . O

Mr. NNP B-NP
Kelly NNP I-NP
built VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
high-yield JJ I-NP
bond NN I-NP
group NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
minor JJ I-NP
player NN I-NP
in IN B-PP
the DT B-NP
junk-bond NN I-NP
arena NN I-NP
. . O

Dean NNP B-NP
Witter NNP I-NP
lost VBD B-VP
a DT B-NP
separate JJ I-NP
case NN I-NP
involving VBG B-VP
a DT B-NP
former JJ I-NP
bond NN I-NP
executive NN I-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
; : O
in IN B-PP
August NNP B-NP
it PRP B-NP
paid VBD B-VP
$ $ B-NP
666,666 CD I-NP
in IN B-PP
back JJ B-NP
pay NN I-NP
and CC O
a DT B-NP
bonus NN I-NP
to TO B-PP
a DT B-NP
former JJ I-NP
corporate-bond JJ I-NP
trading NN I-NP
chief NN I-NP
, , O
Harold NNP B-NP
Bachman NNP I-NP
. . O

That DT B-NP
award NN I-NP
ended VBD B-VP
a DT B-NP
dispute NN I-NP
between IN B-PP
Dean NNP B-NP
Witter NNP I-NP
and CC O
Mr. NNP B-NP
Bachman NNP I-NP
over IN B-PP
who WP B-NP
was VBD B-VP
responsible JJ B-ADJP
for IN B-PP
certain JJ B-NP
bond-trading JJ I-NP
losses NNS I-NP
around IN B-PP
the DT B-NP
time NN I-NP
of IN B-PP
the DT B-NP
1987 CD I-NP
stock-market NN I-NP
crash NN I-NP
. . O

A DT B-NP
spokesman NN I-NP
for IN B-PP
Dean NNP B-NP
Witter NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Sears NNP B-NP
, , I-NP
Roebuck NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
declined VBD B-VP
to TO I-VP
comment VB I-VP
. . O

DILLARD NNP B-NP
DEPARTMENT NNP I-NP
STORES NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
offered VBD B-VP
$ $ B-NP
50 CD I-NP
million CD I-NP
of IN B-PP
9 CD B-NP
1\/2 CD I-NP
% NN I-NP
debentures NNS I-NP
due JJ B-ADJP
2001 CD B-NP
at IN B-PP
par NN B-NP
. . O

The DT B-NP
Little NNP I-NP
Rock NNP I-NP
, , I-NP
Ark. NNP I-NP
, , I-NP
department-store NN I-NP
retailer NN I-NP
said VBD B-VP
proceeds NNS B-NP
will MD B-VP
be VB I-VP
used VBN I-VP
to TO B-VP
reduce VB I-VP
short-term JJ B-NP
debt NN I-NP
. . O

Goldman NNP B-NP
, , I-NP
Sachs NNP I-NP
& CC I-NP
Co. NNP I-NP
was VBD B-VP
the DT B-NP
underwriter NN I-NP
. . O

American NNP B-NP
Brands NNP I-NP
Inc. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
rose VBD B-VP
13 CD B-NP
% NN I-NP
, , O
reflecting VBG B-VP
strong JJ B-NP
gains NNS I-NP
in IN B-PP
its PRP$ B-NP
tobacco NN I-NP
and CC I-NP
distilled VBN I-NP
spirits NNS I-NP
businesses NNS I-NP
. . O

The DT B-NP
company NN I-NP
, , O
which WDT B-NP
also RB B-ADVP
has VBZ B-VP
businesses NNS B-NP
in IN B-PP
life NN B-NP
insurance NN I-NP
, , O
office NN B-NP
products NNS I-NP
and CC I-NP
hardware NN I-NP
, , O
and CC O
home-improvement NN B-NP
products NNS I-NP
, , O
said VBD B-VP
net JJ B-NP
income NN I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
166.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.71 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
146.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.53 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Year-earlier JJ B-NP
results NNS I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
and CC O
the DT B-NP
nine CD I-NP
months NNS I-NP
were VBD B-VP
restated VBN I-VP
to TO B-VP
reflect VB I-VP
a DT B-NP
change NN I-NP
in IN B-PP
accounting NN B-NP
standards NNS I-NP
. . O

Revenue NN B-NP
declined VBD B-VP
2 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
3.06 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
3.13 CD I-NP
billion CD I-NP
, , O
because IN B-PP
of IN I-PP
the DT B-NP
sale NN I-NP
of IN B-PP
Southland NNP B-NP
Life NNP I-NP
in IN B-PP
March NNP B-NP
, , O
and CC O
the DT B-NP
impact NN I-NP
of IN B-PP
the DT B-NP
stronger JJR I-NP
U.S. NNP I-NP
dollar NN I-NP
on IN B-PP
overseas JJ B-NP
results NNS I-NP
. . O

Operating NN B-NP
profit NN I-NP
for IN B-PP
world-wide JJ B-NP
tobacco NN I-NP
products NNS I-NP
rose VBD B-VP
10 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
247.6 CD I-NP
million CD I-NP
. . O

For IN B-PP
distilled VBN B-NP
spirits NNS I-NP
, , O
operating VBG B-NP
profit NN I-NP
rose VBD B-VP
36 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
24.8 CD I-NP
million CD I-NP
. . O

In IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
, , O
net NN B-NP
rose VBD B-VP
1.5 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
458.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.76 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
452 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.50 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

The DT B-NP
year-earlier JJ I-NP
period NN I-NP
included VBD B-VP
$ $ B-NP
40.1 CD I-NP
million CD I-NP
, , O
or CC O
41 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
discontinued VBN B-NP
operations NNS I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
9.03 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
8.98 CD I-NP
billion CD I-NP
. . O

The DT B-NP
average JJ I-NP
number NN I-NP
of IN B-PP
shares NNS B-NP
outstanding JJ B-ADJP
rose VBD B-VP
2 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
but CC O
was VBD B-VP
down RB B-ADVP
4 CD B-NP
% NN I-NP
for IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
American NNP B-NP
Brands NNP I-NP
shares NNS I-NP
rose VBD B-VP
$ $ B-NP
1.75 CD I-NP
to TO B-PP
$ $ B-NP
73 CD I-NP
. . O

SANTA NNP B-NP
FE NNP I-NP
PACIFIC NNP I-NP
PIPELINE NNP I-NP
PARTNERS NNP I-NP
Limited NNP I-NP
Partnership NNP I-NP
, , O
of IN B-PP
Los NNP B-NP
Angeles NNP I-NP
, , O
increased VBD B-VP
its PRP$ B-NP
quarterly JJ I-NP
cash NN I-NP
dividend NN I-NP
to TO B-PP
60 CD B-NP
cents NNS I-NP
a DT B-NP
unit NN I-NP
from IN B-PP
55 NN B-NP
cents NNS I-NP
, , O
payable JJ B-ADJP
Nov. NNP B-NP
14 CD I-NP
to TO B-PP
units NNS B-NP
of IN B-PP
record NN B-NP
Oct. NNP B-NP
31 CD I-NP
. . O

The DT B-NP
company NN I-NP
is VBZ B-VP
an DT B-NP
independent JJ I-NP
refined-petroleum-products JJ I-NP
pipeline NN I-NP
serving VBG B-VP
six CD B-NP
Western JJ I-NP
states NNS I-NP
. . O

WASHINGTON NNP B-NP
LIES VBZ B-VP
LOW RB B-ADVP
after IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
's POS B-NP
roller-coaster NN I-NP
ride NN I-NP
. . O

Lawmakers NNS B-NP
, , O
haunted VBN B-VP
by IN B-PP
charges NNS B-NP
that IN B-SBAR
some DT B-NP
of IN B-PP
their PRP$ B-NP
comments NNS I-NP
contributed VBD B-VP
to TO B-PP
the DT B-NP
1987 CD I-NP
crash NN I-NP
, , O
generally RB B-ADVP
shy JJ B-VP
away RB B-ADVP
from IN B-PP
calls VBZ B-NP
for IN B-PP
sweeping VBG B-NP
new JJ I-NP
legislation NN I-NP
. . O

But CC O
a DT B-NP
House NNP I-NP
Energy NNP I-NP
and CC I-NP
Commerce NNP I-NP
subcommittee NN I-NP
will MD B-VP
quiz VB I-VP
SEC NNP B-NP
Chairman NNP I-NP
Breeden NNP I-NP
Wednesday NNP I-NP
, , O
and CC O
Treasury NNP B-NP
Secretary NNP I-NP
Brady NNP I-NP
will MD B-VP
go VB I-VP
before IN B-PP
the DT B-NP
Senate NNP I-NP
Banking NNP I-NP
panel NN I-NP
Thursday NNP B-NP
. . O

The DT B-NP
market NN I-NP
's POS B-NP
wild JJ I-NP
week NN I-NP
may MD B-VP
speed VB I-VP
along IN B-PRT
the DT B-NP
market-reform JJ I-NP
legislation NN I-NP
that WDT B-NP
has VBZ B-VP
been VBN I-VP
pending VBG B-ADJP
for IN B-PP
months NNS B-NP
in IN B-PP
the DT B-NP
aftermath NN I-NP
of IN B-PP
the DT B-NP
1987 CD I-NP
crash NN I-NP
. . O

It PRP B-NP
may MD B-VP
also RB I-VP
expedite VB I-VP
the DT B-NP
SEC NNP I-NP
's POS B-NP
modest JJ I-NP
pending VBG I-NP
changes NNS I-NP
in IN B-PP
junk-bond NN B-NP
disclosure NN I-NP
rules NNS I-NP
and CC O
intensify VB B-VP
the DT B-NP
Treasury NNP I-NP
's POS B-NP
look NN I-NP
at IN B-PP
plans NNS B-NP
for IN B-PP
giving VBG B-VP
new JJ B-NP
tax NN I-NP
breaks NNS I-NP
on IN B-PP
dividends NNS B-NP
and CC O
raising VBG B-VP
taxes NNS B-NP
on IN B-PP
short-term JJ B-NP
trades NNS I-NP
by IN B-PP
pension NN B-NP
funds NNS I-NP
. . O

Brady NNP B-NP
and CC I-NP
Breeden NNP I-NP
work NN B-VP
well RB B-ADVP
together RB B-ADVP
on IN B-PP
the DT B-NP
plunge NN I-NP
, , O
despite IN B-PP
the DT B-NP
fact NN I-NP
that IN B-SBAR
the DT B-NP
Treasury NNP I-NP
secretary NN I-NP
opposed VBN B-VP
Breeden NNP B-NP
's POS B-NP
nomination NN I-NP
to TO B-PP
the DT B-NP
SEC NNP I-NP
post NN I-NP
. . O

BAKER NNP B-NP
FALTERS NNP B-VP
in IN B-PP
the DT B-NP
Mideast NNP I-NP
amid IN B-PP
Israeli JJ B-NP
paralysis NN I-NP
and CC O
Palestinian JJ B-NP
politics NNS I-NP
. . O

Despite IN B-PP
seeing VBG B-VP
his PRP$ B-NP
plan NN I-NP
for IN B-PP
Israeli-Palestinian JJ B-NP
elections NNS I-NP
wither VBP B-VP
, , O
the DT B-NP
cautious JJ I-NP
secretary NN I-NP
of IN B-PP
state NN B-NP
is VBZ B-VP
so RB B-ADVP
far RB I-ADVP
unwilling JJ B-ADJP
to TO B-VP
cut VB I-VP
U.S. NNP B-NP
economic JJ I-NP
or CC I-NP
military JJ I-NP
aid NN I-NP
to TO B-VP
force VB I-VP
Israeli JJ B-NP
cooperation NN I-NP
. . O

Baker NNP B-NP
nonetheless RB B-ADVP
remains VBZ B-VP
furious JJ B-ADJP
both DT O
at IN B-PP
Shamir NNP B-NP
, , O
for IN B-PP
backing VBG B-VP
down RB B-PRT
on IN B-PP
the DT B-NP
elections NNS I-NP
, , O
and CC B-PP
at IN B-PP
Shamir NNP B-NP
's POS B-NP
rival JJ I-NP
, , O
Peres NNP B-NP
, , O
for IN B-PP
political JJ B-NP
ineptitude NN I-NP
in IN B-PP
forcing VBG B-VP
a DT B-NP
premature JJ I-NP
cabinet NN I-NP
vote NN I-NP
on IN B-PP
Baker NNP B-NP
's POS B-NP
plan NN I-NP
. . O

Meanwhile RB B-ADVP
, , O
some DT B-NP
U.S. NNP I-NP
officials NNS I-NP
fear VBP B-VP
PLO NNP B-NP
chief JJ I-NP
Arafat NNP I-NP
is VBZ B-VP
getting VBG I-VP
cold JJ B-NP
feet NNS I-NP
and CC O
may MD B-VP
back RB I-VP
off IN B-PRT
from IN B-PP
his PRP$ B-NP
recent JJ I-NP
moderation NN I-NP
and CC I-NP
renunciation NN I-NP
of IN B-PP
terrorism NN B-NP
. . O

He PRP B-NP
is VBZ B-VP
under IN B-PP
intense JJ B-NP
fire NN I-NP
from IN B-PP
other JJ B-NP
Palestinian JJ I-NP
groups NNS I-NP
; : O
Syria NNP B-NP
is VBZ B-VP
pushing VBG I-VP
Ahmad NNP B-NP
Jibril NNP I-NP
, , O
whose WP$ B-NP
terrorist JJ I-NP
band NN I-NP
is VBZ B-VP
blamed VBN I-VP
for IN B-PP
the DT B-NP
Pan NNP I-NP
Am NNP I-NP
103 CD I-NP
bombing NN I-NP
, , O
as IN B-PP
an DT B-NP
alternative NN I-NP
to TO B-PP
Arafat NNP B-NP
. . O

DARMAN'S NNP B-NP
MANEUVERS NNS I-NP
on IN B-PP
the DT B-NP
budget NN I-NP
and CC O
capital NN B-NP
gains NNS I-NP
hurt VBN B-VP
him PRP B-NP
in IN B-PP
Congress NNP B-NP
. . O

Republicans NNS O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
Democrats NNPS B-NP
were VBD B-VP
angered VBN I-VP
by IN B-PP
the DT B-NP
budget NN I-NP
director NN I-NP
's POS B-NP
rejection NN I-NP
of IN B-PP
Speaker NNP B-NP
Foley NNP I-NP
's POS B-NP
effort NN I-NP
to TO B-VP
expedite VB I-VP
a DT B-NP
deficitcutting NN I-NP
measure NN I-NP
by IN B-PP
stripping VBG B-VP
it PRP B-NP
of IN B-PP
the DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
cut VB I-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
pet NN B-NP
Democratic JJ I-NP
projects NNS I-NP
. . O

Darman NNP B-NP
now RB B-ADVP
blames VBZ B-VP
the DT B-NP
clash NN I-NP
on IN B-PP
miscommunication NN B-NP
, , O
but CC O
House NNP B-NP
GOP NNP I-NP
leader NN I-NP
Michel NNP I-NP
, , O
who WP B-NP
carried VBD B-VP
the DT B-NP
offer NN I-NP
to TO B-PP
him PRP B-NP
, , O
observes VBZ B-VP
, , O
`` `` O
I PRP B-NP
was VBD B-VP
speaking VBG I-VP
English NNP B-NP
at IN B-PP
the DT B-NP
time NN I-NP
, , O
and CC O
quite RB B-ADVP
loud JJ I-ADVP
so IN B-SBAR
I PRP B-NP
could MD B-VP
be VB I-VP
understood VBN I-VP
. . O
'' '' O

Senate NNP B-NP
GOP NNP I-NP
leader NN I-NP
Dole NNP I-NP
ridicules VBZ B-VP
the DT B-NP
budget NN I-NP
chief NN I-NP
on IN B-PP
the DT B-NP
Senate NNP I-NP
floor NN I-NP
. . O

Democratic JJ B-NP
counterpart NN I-NP
Mitchell NNP I-NP
, , O
asked VBD B-VP
to TO B-VP
interpret VB I-VP
Darman NNP B-NP
's POS B-NP
threat NN I-NP
to TO B-VP
make VB I-VP
permanent JJ B-ADJP
the DT B-NP
across-the-board JJ I-NP
Gramm-Rudman NNP I-NP
cuts NNS I-NP
that WDT B-NP
took VBD B-VP
effect NN B-NP
this DT B-NP
week NN I-NP
, , O
says VBZ B-VP
, , O
`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
even RB I-VP
bother VB I-VP
to TO I-VP
interpret VB I-VP
them PRP B-NP
. . O
'' '' O

But CC O
Darman NNP B-NP
suggests VBZ B-VP
such JJ B-NP
tensions NNS I-NP
will MD B-VP
dissipate VB I-VP
quickly RB B-ADVP
. . O

`` `` O
If IN B-SBAR
I PRP B-NP
can MD B-VP
show VB I-VP
signs NNS B-NP
of IN B-PP
maturity NN B-NP
, , O
almost JJ B-NP
anybody NN I-NP
can MD B-VP
, , O
'' '' O
he PRP B-NP
jokes VBZ B-VP
. . O

HHS NNP B-NP
OFFICIALS NNS I-NP
expect VBP B-VP
Secretary NNP B-NP
Sullivan NNP I-NP
to TO B-VP
continue VB I-VP
a DT B-NP
ban NN I-NP
on IN B-PP
research NN B-NP
using VBG B-VP
fetal JJ B-NP
tissue NN I-NP
. . O

Before IN B-SBAR
he PRP B-NP
was VBD B-VP
confirmed VBN I-VP
, , O
Sullivan NNP B-NP
said VBD B-VP
he PRP B-NP
had VBD B-VP
`` `` O
reservations NNS B-NP
about IN B-PP
any DT B-NP
blanket NN I-NP
prohibitions NNS I-NP
on IN B-PP
medical JJ B-NP
research NN I-NP
. . O
'' '' O

But CC O
now RB B-ADVP
, , O
an DT B-NP
official NN I-NP
says VBZ B-VP
, , O
he PRP B-NP
is VBZ B-VP
`` `` O
surrounded VBN B-VP
by IN B-PP
right-to-lifers NNS B-NP
, , O
'' '' O
who WP B-NP
contend VBP B-VP
that IN B-SBAR
any DT B-NP
breakthroughs NNS I-NP
in IN B-PP
fetal-tissue JJ B-NP
research NN I-NP
could MD B-VP
increase VB I-VP
the DT B-NP
demand NN I-NP
for IN B-PP
abortions NNS B-NP
. . O

COOPERATION NN B-NP
WANES VBZ B-VP
on IN B-PP
weapons NNS B-NP
development NN I-NP
between IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC O
Europe NNP B-NP
. . O

Britain NNP B-NP
, , I-NP
France NNP I-NP
and CC I-NP
Italy NNP I-NP
pull VB B-VP
out IN B-PP
of IN B-PP
a DT B-NP
proposal NN I-NP
to TO B-VP
build VB I-VP
new JJ B-NP
NATO NNP I-NP
frigates NNS I-NP
; : O
the DT B-NP
U.S. NNP I-NP
and CC O
West NNP B-NP
Germany NNP I-NP
have VBP B-VP
each DT B-NP
withdrawn VBN B-VP
from IN B-PP
missile NN B-NP
projects NNS I-NP
. . O

Defense NN B-NP
experts NNS I-NP
say VBP B-VP
joint JJ B-NP
projects NNS I-NP
are VBP B-VP
increasingly RB I-VP
squeezed VBN I-VP
by IN B-PP
budget NN B-NP
pressures NNS I-NP
and CC O
the DT B-NP
desire NN I-NP
to TO B-VP
save VB I-VP
domestic JJ B-NP
jobs NNS I-NP
; : O
some DT B-NP
also RB B-ADVP
fear VBP B-VP
rising VBG B-NP
protectionism NN I-NP
as IN B-SBAR
European JJ B-NP
unity NN I-NP
nears NNS B-VP
. . O

BOTH DT B-NP
SIDES NNS I-NP
NOW RB I-NP
: : O

Virginia NNP B-NP
GOP NNP I-NP
lieutenant NN I-NP
governor NN I-NP
candidate NN I-NP
Eddy NNP I-NP
Dalton NNP I-NP
tries VBZ B-VP
to TO I-VP
have VB I-VP
it PRP B-NP
both DT B-NP
ways NNS I-NP
on IN B-PP
the DT B-NP
abortion NN I-NP
issue NN I-NP
. . O

Though IN B-SBAR
she PRP B-NP
opposes VBZ B-VP
abortion NN B-NP
in IN B-PP
almost RB B-NP
all DT I-NP
cases NNS I-NP
, , O
she PRP B-NP
airs VBZ B-VP
a DT B-NP
TV NN I-NP
commercial JJ I-NP
using VBG B-VP
pro-choice JJ B-NP
buzzwords NNS I-NP
. . O

`` `` O
A DT B-NP
woman NN I-NP
ought MD B-VP
to TO I-VP
have VB I-VP
a DT B-NP
choice NN I-NP
in IN B-PP
cases NNS B-NP
where WRB B-ADVP
her PRP$ B-NP
life NN I-NP
or CC I-NP
health NN I-NP
are VBP B-VP
in IN B-PP
danger NN B-NP
and CC B-PP
in IN B-PP
cases NNS B-NP
of IN B-PP
rape NN B-NP
or CC I-NP
incest NN I-NP
, , O
'' '' O
she PRP B-NP
proclaims VBZ B-VP
. . O

HOT JJ B-NP
TOPIC NN I-NP
: : O

Interest NN B-NP
in IN B-PP
the DT B-NP
abortion NN I-NP
issue NN I-NP
is VBZ B-VP
so RB B-ADJP
great JJ I-ADJP
that IN B-SBAR
the DT B-NP
Hotline NNP I-NP
, , O
a DT B-NP
daily NN I-NP
, , I-NP
computer-distributed JJ I-NP
political JJ I-NP
newsletter NN I-NP
, , O
comes VBZ B-VP
up IN B-PRT
with IN B-PP
a DT B-NP
spinoff NN I-NP
product NN I-NP
called VBD B-VP
the DT B-NP
Abortion NNP I-NP
Report NNP I-NP
dealing VBG B-VP
solely RB B-ADVP
with IN B-PP
its PRP$ B-NP
political JJ I-NP
implications NNS I-NP
. . O

CONSERVATIVES NNS B-NP
EXPECT VBP B-VP
Bush NNP B-NP
to TO B-VP
solidify VB I-VP
their PRP$ B-NP
majority NN I-NP
on IN B-PP
a DT B-NP
key JJ I-NP
court NN I-NP
. . O

Bush NNP B-NP
has VBZ B-VP
three CD B-NP
vacancies NNS I-NP
to TO B-VP
fill VB I-VP
on IN B-PP
the DT B-NP
prestigious JJ I-NP
D.C. NNP I-NP
Circuit NNP I-NP
Court NNP I-NP
, , O
which WDT B-NP
handles VBZ B-VP
many JJ B-NP
important JJ I-NP
regulatory JJ I-NP
issues NNS I-NP
and CC O
is VBZ B-VP
often RB I-VP
considered VBN I-VP
a DT B-NP
warm-up NN I-NP
for IN B-PP
future NN B-NP
Supreme NNP I-NP
Court NNP I-NP
nominees NNS I-NP
. . O

Conservatives NNS B-NP
now RB B-ADVP
hold VBP B-VP
only RB B-ADVP
a DT B-NP
5-4 JJ I-NP
edge NN I-NP
. . O

One CD B-NP
slot NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
go VB I-VP
to TO B-PP
EEOC NNP B-NP
Chairman NNP I-NP
Clarence NNP I-NP
Thomas NNP I-NP
, , O
a DT B-NP
black JJ I-NP
conservative JJ I-NP
; : O
after IN B-PP
mulling VBG B-VP
a DT B-NP
fight NN I-NP
, , O
liberals NNS B-NP
now RB B-ADVP
probably RB B-ADVP
wo MD B-VP
n't RB I-VP
put VB I-VP
up IN B-PRT
a DT B-NP
major JJ I-NP
struggle NN I-NP
against IN B-PP
him PRP B-NP
. . O

Other JJ B-NP
conservatives NNS I-NP
thought VBD B-VP
to TO I-VP
be VB I-VP
on IN B-PP
the DT B-NP
administration NN I-NP
's POS B-NP
short JJ I-NP
list NN I-NP
include VBP B-VP
Washington NNP B-NP
lawyer NN I-NP
Michael NNP I-NP
Uhlmann NNP I-NP
, , O
who WP B-NP
was VBD B-VP
passed VBN I-VP
over IN B-PRT
for IN B-PP
the DT B-NP
No. NN I-NP
2 CD I-NP
job NN I-NP
at IN B-PP
the DT B-NP
Justice NNP I-NP
Department NNP I-NP
, , O
and CC O
Marshall NNP B-NP
Breger NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
a DT B-NP
U.S. NNP I-NP
agency NN I-NP
on IN B-PP
administration NN B-NP
. . O

The DT B-NP
Bush NNP I-NP
administration NN I-NP
would MD B-VP
also RB I-VP
like VB I-VP
to TO I-VP
nominate VB I-VP
a DT B-NP
woman NN I-NP
; : O
one CD B-NP
possibility NN I-NP
is VBZ B-VP
former JJ B-NP
Justice NNP I-NP
Department NNP I-NP
official NN I-NP
Victoria NNP I-NP
Toensing NNP I-NP
. . O

MINOR JJ B-NP
MEMOS NNS I-NP
: : O

In IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
the DT B-NP
failed VBN I-NP
Panama NNP I-NP
coup NN I-NP
, , O
a DT B-NP
bumper NN I-NP
sticker NN I-NP
appears VBZ B-VP
: : O
`` `` O
Ollie NNP B-NP
Would MD B-VP
Have VB I-VP
Got VB I-VP
Him PRP B-NP
. . O
'' '' O
... : O

Rep. NNP B-NP
Garcia NNP I-NP
, , O
on IN B-PP
trial NN B-NP
for IN B-PP
bribery NN B-NP
and CC I-NP
extortion NN I-NP
, , O
puts VBZ B-VP
statements NNS B-NP
in IN B-PP
the DT B-NP
Congressional NNP I-NP
Record NNP I-NP
attributing VBG B-VP
missed VBN B-NP
votes NNS I-NP
to TO B-PP
`` `` O
scheduling NN B-NP
conflicts NNS I-NP
. . O
'' '' O
... : O

A DT B-NP
GOP NNP I-NP
Senate NNP I-NP
fund-raising NN I-NP
letter NN I-NP
from IN B-PP
Sen. NNP B-NP
Burns NNP I-NP
of IN B-PP
Montana NNP B-NP
is VBZ B-VP
made VBN I-VP
to TO I-VP
appear VB I-VP
personally RB B-ADJP
written VBN I-ADJP
, , O
and CC O
its PRP$ B-NP
opening NN I-NP
line NN I-NP
is VBZ B-VP
, , O
`` `` O
Please VB B-INTJ
excuse VB B-VP
my PRP$ B-NP
handwriting NN I-NP
. . O
'' '' O

But CC O
Burns NNP B-NP
confesses VBZ B-VP
in IN B-PP
an DT B-NP
interview NN I-NP
: : O
`` `` O
That DT B-NP
's VBZ B-VP
not RB O
my PRP$ B-NP
handwriting NN I-NP
. . O

MC NNP B-NP
SHIPPING NNP I-NP
Inc. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
declared VBD B-VP
an DT B-NP
initial JJ I-NP
quarterly NN I-NP
of IN B-PP
60 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
payable JJ B-ADJP
Nov. NNP B-NP
15 CD I-NP
to TO B-PP
shares NNS B-NP
of IN B-PP
record NN B-NP
Oct. NNP B-NP
30 CD I-NP
. . O

The DT B-NP
announcement NN I-NP
boosted VBD B-VP
the DT B-NP
charter-shipping JJ I-NP
company NN I-NP
's POS B-NP
shares NNS I-NP
, , O
which WDT B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
15.125 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.25 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
American NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

The DT B-NP
company NN I-NP
, , O
which WDT B-NP
went VBD B-VP
public JJ B-ADJP
in IN B-PP
May NNP B-NP
, , O
intends VBZ B-VP
to TO I-VP
pay VB I-VP
dividends NNS B-NP
from IN B-PP
available JJ B-NP
cash NN I-NP
flow NN I-NP
; : O
the DT B-NP
amount NN I-NP
may MD B-VP
vary VB I-VP
from IN B-PP
quarter NN B-NP
to TO B-PP
quarter NN B-NP
. . O

Ever RB B-PP
since IN I-PP
the DT O
hotly RB O
contested VBN O
America NNP B-NP
's POS B-NP
Cup NNP I-NP
race NN I-NP
last JJ B-NP
year NN I-NP
, , O
the DT B-NP
famous JJ I-NP
yachting NN I-NP
match NN I-NP
has VBZ B-VP
run VBN I-VP
into IN B-PP
more RBR B-NP
rough JJ I-NP
sailing NN I-NP
out IN B-PP
of IN B-PP
the DT B-NP
water NN I-NP
than IN B-PP
in IN B-PP
it PRP B-NP
. . O

Now RB B-ADVP
that IN B-SBAR
a DT B-NP
key JJ I-NP
member NN I-NP
of IN B-PP
the DT B-NP
San NNP I-NP
Diego NNP I-NP
Yacht NNP I-NP
Club NNP I-NP
team NN I-NP
is VBZ B-VP
splitting VBG I-VP
off IN B-PRT
to TO B-VP
form VB I-VP
his PRP$ B-NP
own JJ I-NP
team NN I-NP
, , O
even RB B-NP
more JJR I-NP
competition NN I-NP
lies VBZ B-VP
ahead RB B-ADVP
. . O

Peter NNP B-NP
Isler NNP I-NP
, , O
the DT B-NP
winning VBG I-NP
navigator NN I-NP
in IN B-PP
the DT O
past JJ O
two CD O
America NNP B-NP
's POS B-NP
Cup NNP I-NP
challenges NNS I-NP
, , O
has VBZ B-VP
split NN I-VP
from IN B-PP
the DT B-NP
team NN I-NP
led VBN B-VP
by IN B-PP
Dennis NNP B-NP
Conner NNP I-NP
, , O
skipper NN B-NP
of IN B-PP
the DT B-NP
victorious JJ I-NP
Stars NNP I-NP
& CC I-NP
Stripes NNP I-NP
, , O
to TO B-VP
form VB I-VP
his PRP$ B-NP
own JJ I-NP
team NN I-NP
for IN B-PP
the DT B-NP
next JJ I-NP
contest NN I-NP
in IN B-PP
1992 CD B-NP
. . O

And CC O
, , O
in IN B-PP
addition NN B-NP
to TO B-PP
a DT B-NP
crack NN I-NP
team NN I-NP
of IN B-PP
sailors NNS B-NP
, , O
Mr. NNP B-NP
Isler NNP I-NP
has VBZ B-VP
lined VBN I-VP
up IN B-PRT
some DT B-NP
real JJ I-NP
brass NN I-NP
to TO B-VP
help VB I-VP
him PRP B-NP
finance VB B-VP
the DT B-NP
syndicate NN I-NP
. . O

Isler NNP B-NP
Sailing NNP I-NP
International NNP I-NP
's POS B-NP
advisory JJ I-NP
board NN I-NP
includes VBZ B-VP
Ted NNP B-NP
Turner NNP I-NP
, , O
Turner NNP B-NP
Broadcasting NNP I-NP
chairman NN I-NP
and CC O
a DT B-NP
former JJ I-NP
Cup NNP I-NP
victor NN I-NP
; : O
Peter NNP B-NP
G. NNP I-NP
Diamandis NNP I-NP
, , O
head NN B-NP
of IN B-PP
Diamandis NNP B-NP
Communications NNPS I-NP
, , O
and CC O
Joseph NNP B-NP
B. NNP I-NP
Vittoria NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
of IN B-PP
Avis NNP B-NP
Inc NNP I-NP
. . O

His PRP$ B-NP
steering NN I-NP
committee NN I-NP
includes VBZ B-VP
other JJ B-NP
notable JJ I-NP
businessmen NNS I-NP
, , O
including VBG B-PP
the DT B-NP
California NNP I-NP
investor NN I-NP
and CC I-NP
old JJ I-NP
salt NN I-NP
Roy NNP I-NP
E. NNP I-NP
Disney NNP I-NP
. . O

`` `` O
We PRP B-NP
have VBP B-VP
the DT B-NP
structure NN I-NP
, , I-NP
people NNS I-NP
and CC I-NP
plan NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Isler NNP I-NP
said VBD B-VP
in IN B-PP
a DT B-NP
statement NN I-NP
. . O

Now RB B-ADVP
, , O
the DT B-NP
first JJ I-NP
order NN I-NP
of IN B-PP
business NN B-NP
is VBZ B-VP
raising VBG B-VP
enough JJ B-NP
money NN I-NP
to TO B-VP
keep VB I-VP
his PRP$ B-NP
team NN I-NP
afloat RB B-ADJP
-- : O
a DT B-NP
new JJ I-NP
yacht NN I-NP
will MD B-VP
cost VB I-VP
about RB B-NP
$ $ I-NP
3 CD I-NP
million CD I-NP
alone RB B-ADVP
, , O
and CC O
sailing NN B-NP
syndicate NN I-NP
budgets NNS I-NP
can MD B-VP
easily RB I-VP
run VB I-VP
to TO B-PP
$ $ B-NP
25 CD I-NP
million CD I-NP
for IN B-PP
a DT B-NP
Cup NNP I-NP
challenge NN I-NP
. . O

The DT B-NP
split NN I-NP
comes VBZ B-VP
in IN B-PP
the DT B-NP
midst NN I-NP
of IN B-PP
a DT B-NP
court NN I-NP
battle NN I-NP
over IN B-PP
whether IN B-SBAR
the DT B-NP
San NNP I-NP
Diego NNP I-NP
Yacht NNP I-NP
Club NNP I-NP
should MD B-VP
be VB I-VP
allowed VBN I-VP
to TO I-VP
keep VB I-VP
the DT B-NP
international JJ I-NP
trophy NN I-NP
for IN B-PP
sailing VBG B-VP
a DT B-NP
catamaran NN I-NP
against IN B-PP
the DT B-NP
New NNP I-NP
Zealand NNP I-NP
challengers NNS I-NP
' POS B-NP
90-foot JJ I-NP
monohull NN I-NP
. . O

In IN B-PP
September NNP B-NP
, , O
a DT B-NP
New NNP I-NP
York NNP I-NP
appellate JJ B-NP
court NN I-NP
overturned VBD B-VP
a DT B-NP
state NN I-NP
judge NN I-NP
's POS B-NP
ruling NN I-NP
that WDT B-NP
awarded VBD B-VP
the DT B-NP
Cup NNP I-NP
to TO B-PP
the DT B-NP
New NNP I-NP
Zealand NNP I-NP
team NN I-NP
. . O

Pending VBG B-PP
an DT B-NP
appeal NN I-NP
by IN B-PP
the DT B-NP
New NNP I-NP
Zealand NNP I-NP
team NN I-NP
, , O
led VBN B-VP
by IN B-PP
Michael NNP B-NP
Fay NNP I-NP
, , O
the DT B-NP
finals NNS I-NP
for IN B-PP
the DT B-NP
next JJ I-NP
Cup NNP I-NP
challenge NN I-NP
are VBP B-VP
scheduled VBN I-VP
to TO I-VP
be VB I-VP
held VBN I-VP
in IN B-PP
mid-1992 NN B-NP
in IN B-PP
San NNP B-NP
Diego NNP I-NP
. . O

But CC O
because IN B-PP
of IN I-PP
the DT B-NP
uncertainty NN I-NP
of IN B-PP
the DT B-NP
outcome NN I-NP
of IN B-PP
the DT B-NP
suit NN I-NP
, , O
Mr. NNP B-NP
Conner NNP I-NP
's POS B-NP
team NN I-NP
has VBZ B-VP
done VBN I-VP
little JJ B-NP
to TO B-VP
begin VB I-VP
gearing VBG I-VP
up VB B-PRT
to TO B-VP
defend VB I-VP
its PRP$ B-NP
title NN I-NP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
what WP B-NP
the DT B-NP
rules NNS I-NP
of IN B-PP
the DT B-NP
game NN I-NP
are VBP B-VP
, , O
it PRP B-NP
's VBZ B-VP
hard JJ B-ADJP
to TO B-VP
start VB I-VP
your PRP$ B-NP
fund-raising NN I-NP
or CC I-NP
design NN I-NP
, , O
'' '' O
said VBD B-VP
Dana NNP B-NP
Smith NNP I-NP
, , O
an DT B-NP
official NN I-NP
with IN B-PP
Team NNP B-NP
Dennis NNP I-NP
Conner NNP I-NP
. . O

The DT B-NP
Conner NNP I-NP
team NN I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
negotiate VB I-VP
with IN B-PP
corporate JJ B-NP
sponsors NNS I-NP
until IN B-SBAR
the DT B-NP
suit NN I-NP
is VBZ B-VP
resolved VBN I-VP
and CC O
the DT B-NP
race NN I-NP
site NN I-NP
is VBZ B-VP
determined VBN I-VP
, , O
Mr. NNP B-NP
Smith NNP I-NP
said VBD B-VP
, , O
and CC O
the DT B-NP
syndicate NN I-NP
's POS B-NP
budget NN I-NP
could MD B-VP
easily RB I-VP
reach VB I-VP
$ $ B-NP
30 CD I-NP
million CD I-NP
. . O

But CC O
spokesmen NNS B-NP
for IN B-PP
both DT B-NP
Mr. NNP B-NP
Isler NNP I-NP
and CC O
Mr. NNP B-NP
Conner NNP I-NP
say VBP B-VP
the DT B-NP
formation NN I-NP
of IN B-PP
the DT B-NP
new JJ I-NP
syndicate NN I-NP
has VBZ B-VP
to TO B-VP
do VB I-VP
with IN B-PP
Mr. NNP B-NP
Isler NNP I-NP
's POS B-NP
desire NN I-NP
to TO B-VP
skipper VB I-VP
his PRP$ B-NP
own JJ I-NP
team NN I-NP
and CC O
begin VB B-VP
planning NN I-VP
now RB B-ADVP
, , O
rather RB B-CONJP
than IN I-CONJP
any DT B-NP
falling NN I-NP
out IN O
between IN B-PP
the DT B-NP
two CD I-NP
sportsmen NNS I-NP
. . O

Mr. NNP B-NP
Smith NNP I-NP
and CC O
a DT B-NP
spokesman NN I-NP
for IN B-PP
the DT B-NP
America NNP I-NP
's POS B-NP
Cup NNP I-NP
Organizing NNP I-NP
Committee NNP I-NP
insist VBP B-VP
that IN B-SBAR
the DT B-NP
added VBN I-NP
competition NN I-NP
for IN B-PP
the DT B-NP
defender NN I-NP
's POS B-NP
spot NN I-NP
will MD B-VP
only RB I-VP
improve VB I-VP
the DT B-NP
race NN I-NP
. . O

Missouri NNP B-NP
farmer NN I-NP
Blake NNP I-NP
Hurst NNP I-NP
writing VBG B-VP
in IN B-PP
the DT B-NP
fall NN I-NP
issue NN I-NP
of IN B-PP
the DT B-NP
Heritage NNP I-NP
Foundation NNP I-NP
's POS B-NP
Policy NNP I-NP
Review NNP I-NP
about IN B-PP
the DT B-NP
proposed VBN I-NP
location NN I-NP
of IN B-PP
a DT B-NP
hazardous-waste NN I-NP
incinerator NN I-NP
in IN B-PP
his PRP$ B-NP
county NN I-NP
: : O

Of IN B-PP
course NN B-NP
I PRP B-NP
'd MD O
rather RB B-ADVP
have VB B-VP
a DT B-NP
computer NN I-NP
software NN I-NP
firm NN I-NP
in IN B-PP
my PRP$ B-NP
backyard NN I-NP
than IN B-PP
a DT B-NP
hazardous JJ I-NP
waste NN I-NP
incinerator NN I-NP
. . O

But CC O
I PRP B-NP
'd MD O
also RB O
rather RB B-ADVP
live VB B-VP
next JJ B-NP
door NN I-NP
to TO B-PP
an DT B-NP
incinerator NN I-NP
than IN B-PP
to TO B-PP
some DT B-NP
of IN B-PP
the DT B-NP
hog NN I-NP
farms NNS I-NP
I PRP B-NP
've VBP B-VP
seen VBN I-VP
-LRB- ( I-VP
and CC I-VP
smelt VBD I-VP
-RRB- ) O
in IN B-PP
these DT B-NP
parts NNS I-NP
. . O

An DT B-NP
incinerator NN I-NP
is VBZ B-VP
also RB B-ADVP
probably RB B-ADVP
better JJR B-ADJP
than IN B-PP
having VBG B-VP
nobody NN B-NP
next JJ B-NP
door NN I-NP
-- : O
on IN B-PP
our PRP$ B-NP
farm NN I-NP
there EX B-NP
are VBP B-VP
four CD B-NP
unoccupied JJ I-NP
houses NNS I-NP
. . O

On IN B-PP
my PRP$ B-NP
four-mile JJ I-NP
drive NN I-NP
to TO B-PP
farm VB B-NP
headquarters NN I-NP
each DT B-NP
morning NN I-NP
, , O
I PRP B-NP
drive VBP B-VP
by IN B-PP
another DT B-NP
four CD I-NP
empty JJ I-NP
houses NNS I-NP
. . O

A DT B-NP
community NN I-NP
of IN B-PP
abandoned VBN B-NP
farmsteads NNS I-NP
, , O
failing VBG B-NP
businesses NNS I-NP
, , O
and CC O
crumbling VBG B-NP
roads NNS I-NP
and CC I-NP
bridges NNS I-NP
is VBZ B-VP
hardly RB B-ADVP
a DT B-NP
desirable JJ I-NP
one CD I-NP
... : O
. . O

The DT B-NP
loss NN I-NP
of IN B-PP
40 CD B-NP
jobs NNS I-NP
by IN B-PP
a DT B-NP
depressed JJ I-NP
county NN I-NP
in IN B-PP
rural JJ B-NP
Missouri NNP I-NP
is VBZ B-VP
hardly RB B-ADVP
of IN B-PP
national JJ B-NP
importance NN I-NP
except IN B-PP
for IN B-PP
this DT B-NP
: : O
If IN B-SBAR
the DT B-NP
most RBS I-NP
environmentally RB I-NP
safe JJ I-NP
way NN I-NP
of IN B-PP
dealing VBG B-VP
with IN B-PP
a DT B-NP
national JJ I-NP
problem NN I-NP
can MD B-VP
not RB I-VP
be VB I-VP
built VBN I-VP
in IN B-PP
Atchinson NNP B-NP
County NNP I-NP
, , O
what WP B-NP
hope NN I-NP
have VBP B-VP
we PRP B-NP
for IN B-PP
dealing VBG B-VP
with IN B-PP
the DT B-NP
wastes NNS I-NP
our PRP$ B-NP
economy NN I-NP
produces VBZ B-VP
? . O

After IN B-PP
all DT B-NP
, , O
farmers NNS B-NP
here RB B-ADVP
work VBP B-VP
with IN B-PP
`` `` B-NP
hazardous JJ I-NP
'' '' I-NP
chemicals NNS I-NP
every DT B-NP
day NN I-NP
, , O
many NN B-NP
of IN B-PP
them PRP B-NP
the DT B-NP
same JJ I-NP
chemicals NNS I-NP
that WDT B-NP
would MD B-VP
have VB I-VP
been VBN I-VP
destroyed VBN I-VP
in IN B-PP
the DT B-NP
incinerator NN I-NP
. . O

We PRP B-NP
know VBP B-VP
they PRP B-NP
are VBP B-VP
dangerous JJ B-ADJP
, , O
but CC O
if IN B-SBAR
handled VBN B-VP
with IN B-PP
care NN B-NP
, , O
their PRP$ B-NP
benefits NNS I-NP
far RB B-ADVP
outweigh VBP B-VP
any DT B-NP
risk NN I-NP
to TO B-PP
the DT B-NP
environment NN I-NP
. . O

Just RB B-SBAR
because IN I-SBAR
Stamford NNP B-NP
, , I-NP
Conn. NNP I-NP
, , I-NP
High NNP I-NP
School NNP I-NP
did VBD B-VP
nothing NN B-NP
when WRB B-ADVP
its PRP$ B-NP
valuable JJ I-NP
1930s CD I-NP
mural NN I-NP
was VBD B-VP
thrown VBN I-VP
in IN B-PP
the DT B-NP
trash NN I-NP
does VBZ B-VP
n't RB I-VP
mean VB I-VP
the DT B-NP
city NN I-NP
no RB B-ADVP
longer RB I-ADVP
owns VBZ B-VP
the DT B-NP
work NN I-NP
of IN B-PP
art NN B-NP
, , O
a DT B-NP
federal JJ I-NP
judge NN I-NP
ruled VBD B-VP
. . O

The DT B-NP
mural NN I-NP
, , O
now RB B-VP
valued VBN I-VP
at IN B-PP
$ $ B-NP
1.3 CD I-NP
million CD I-NP
according VBG B-PP
to TO B-PP
appraisers NNS B-NP
, , O
was VBD B-VP
tossed VBN I-VP
in IN B-PP
a DT B-NP
trash NN I-NP
heap NN I-NP
in IN B-PP
1971 CD B-NP
by IN B-PP
workers NNS B-NP
who WP B-NP
were VBD B-VP
renovating VBG I-VP
the DT B-NP
building NN I-NP
. . O

The DT B-NP
100-foot-long JJ I-NP
mural NN I-NP
, , O
painted VBN B-VP
by IN B-PP
James NNP B-NP
Daugherty NNP I-NP
in IN B-PP
1934 CD B-NP
, , O
was VBD B-VP
commissioned VBN I-VP
by IN B-PP
the DT B-NP
federal JJ I-NP
Works NNP I-NP
Project NNP I-NP
Administration NNP I-NP
. . O

After IN B-SBAR
the DT B-NP
discarded VBN I-NP
mural NN I-NP
was VBD B-VP
found VBN I-VP
outside IN B-PP
the DT B-NP
school NN I-NP
by IN B-PP
a DT B-NP
concerned VBN I-NP
Stamford NNP I-NP
graduate NN I-NP
, , O
it PRP B-NP
eventually RB B-ADVP
was VBD B-VP
turned VBN I-VP
over IN B-PRT
to TO B-PP
Hiram NNP B-NP
Hoelzer NNP I-NP
, , O
a DT B-NP
professional JJ I-NP
art NN I-NP
restorer NN I-NP
. . O

Throughout IN B-PP
the DT B-NP
1970s NNS I-NP
, , O
Stamford NNP B-NP
school NN I-NP
and CC I-NP
city NN I-NP
officials NNS I-NP
made VBD B-VP
no DT B-NP
effort NN I-NP
to TO B-VP
locate VB I-VP
the DT B-NP
mural NN I-NP
. . O

Apparently RB B-ADVP
the DT B-NP
officials NNS I-NP
did VBD B-VP
n't RB I-VP
even RB I-VP
know VB I-VP
the DT B-NP
mural NN I-NP
was VBD B-VP
missing VBG I-VP
until IN B-PP
1980 CD B-NP
, , O
when WRB B-ADVP
a DT B-NP
researcher NN I-NP
found VBD B-VP
that IN B-SBAR
the DT B-NP
painting NN I-NP
was VBD B-VP
in IN B-PP
Mr. NNP B-NP
Hoelzer NNP I-NP
's POS B-NP
studio NN I-NP
and CC O
questioned VBD B-VP
school NN B-NP
officials NNS I-NP
about IN B-PP
it PRP B-NP
. . O

In IN B-PP
1986 CD B-NP
, , O
Stamford NNP B-NP
officials NNS I-NP
thanked VBD B-VP
Mr. NNP B-NP
Hoelzer NNP I-NP
for IN B-PP
taking VBG B-VP
care NN B-NP
of IN B-PP
the DT B-NP
mural NN I-NP
-- : O
and CC O
demanded VBD B-VP
he PRP B-NP
return VBP B-VP
it PRP B-NP
as RB B-ADVP
soon RB I-ADVP
as IN B-PP
possible JJ B-ADJP
. . O

Mr. NNP B-NP
Hoelzer NNP I-NP
, , O
however RB B-ADVP
, , O
sued VBD B-VP
Stamford NNP B-NP
, , O
claiming VBG B-VP
that IN B-SBAR
the DT B-NP
city NN I-NP
had VBD B-VP
abandoned VBN I-VP
the DT B-NP
artwork NN I-NP
and CC O
that IN B-SBAR
it PRP B-NP
had VBD B-VP
waited VBN I-VP
too RB I-VP
long JJ I-VP
to TO I-VP
reclaim VB I-VP
it PRP B-NP
. . O

But CC O
Judge NNP B-NP
Louis NNP I-NP
L. NNP I-NP
Stanton NNP I-NP
of IN B-PP
federal JJ B-NP
court NN I-NP
in IN B-PP
Manhattan NNP B-NP
ruled VBD B-VP
that IN B-SBAR
the DT B-NP
city NN I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
faulted VBN I-VP
for IN B-PP
waiting VBG B-VP
too RB B-ADVP
long RB I-ADVP
because IN B-SBAR
it PRP B-NP
did VBD B-VP
n't RB I-VP
realize VB I-VP
until IN B-PP
1986 CD B-NP
that IN O
its PRP$ B-NP
ownership NN I-NP
of IN B-PP
the DT B-NP
painting NN I-NP
was VBD B-VP
in IN B-PP
dispute NN B-NP
. . O

The DT B-NP
judge NN I-NP
also RB B-ADVP
ruled VBD B-VP
that IN B-SBAR
the DT B-NP
painting NN I-NP
was VBD B-VP
n't RB I-VP
abandoned VBN I-VP
because IN B-SBAR
officials NNS B-NP
did VBD B-VP
n't RB I-VP
intend VB I-VP
for IN B-SBAR
it PRP B-NP
to TO B-VP
be VB I-VP
thrown VBN I-VP
away RB B-PRT
and CC O
were VBD B-VP
unaware JJ B-ADJP
that IN B-SBAR
the DT B-NP
workmen NNS I-NP
had VBD B-VP
discarded VBN I-VP
it PRP B-NP
. . O

Mr. NNP B-NP
Hoelzer NNP I-NP
did VBD B-VP
n't RB I-VP
return VB I-VP
phone NN B-NP
calls NNS I-NP
seeking VBG B-VP
comment VB B-NP
on IN B-PP
the DT B-NP
judge NN I-NP
's POS B-NP
decision NN I-NP
. . O

The DT B-NP
judge NN I-NP
ordered VBD B-VP
that IN B-SBAR
a DT B-NP
hearing NN I-NP
be VB B-VP
held VBN I-VP
Nov. NNP B-NP
17 CD I-NP
to TO B-VP
determine VB I-VP
how WRB B-NP
much JJ I-NP
the DT B-NP
city NN I-NP
should MD B-VP
pay VB I-VP
Mr. NNP B-NP
Hoelzer NNP I-NP
for IN B-PP
his PRP$ B-NP
services NNS I-NP
. . O

Mary NNP B-NP
E. NNP I-NP
Sommer NNP I-NP
, , O
corporate JJ B-NP
counsel NN I-NP
for IN B-PP
Stamford NNP B-NP
, , O
said VBD B-VP
the DT B-NP
city NN I-NP
has VBZ B-VP
discussed VBN I-VP
several JJ B-NP
possible JJ I-NP
plans NNS I-NP
for IN B-PP
displaying VBG B-VP
the DT B-NP
mural NN I-NP
, , O
which WDT B-NP
portrays VBZ B-VP
various JJ B-NP
scenes NNS I-NP
from IN B-PP
the DT B-NP
Great NNP I-NP
Depression NNP I-NP
. . O

She PRP B-NP
said VBD B-VP
the DT B-NP
mural NN I-NP
`` `` O
preserves VBZ B-VP
an DT B-NP
era NN I-NP
in IN B-PP
Stamford NNP B-NP
and CC B-PP
in IN B-PP
our PRP$ B-NP
country NN I-NP
when WRB B-ADVP
this DT B-NP
type NN I-NP
of IN B-PP
work NN B-NP
was VBD B-VP
being VBG I-VP
done VBN I-VP
. . O

The DT B-NP
prices NNS I-NP
of IN B-PP
corn NN B-NP
futures NNS I-NP
contracts NNS I-NP
jumped VBD B-VP
amid IN B-PP
rumors NNS B-NP
that IN B-SBAR
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
is VBZ B-VP
keeping VBG I-VP
up IN B-PRT
its PRP$ B-NP
dizzying JJ I-NP
October NNP I-NP
buying VBG I-NP
binge NN I-NP
of IN B-PP
U.S. NNP B-NP
corn NN I-NP
. . O

Those DT B-NP
rumors NNS I-NP
were VBD B-VP
confirmed VBN I-VP
after IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
trading NN B-NP
yesterday NN B-NP
when WRB B-ADVP
the DT B-NP
U.S. NNP I-NP
Agriculture NNP I-NP
Department NNP I-NP
announced VBD B-VP
that IN B-SBAR
the DT B-NP
Soviets NNPS I-NP
had VBD B-VP
bought VBN I-VP
1.2 CD B-NP
million CD I-NP
metric JJ I-NP
tons NNS I-NP
of IN B-PP
U.S. NNP B-NP
corn NN I-NP
, , O
bringing VBG B-VP
their PRP$ B-NP
U.S. NNP I-NP
corn NN I-NP
purchases NNS I-NP
confirmed VBD B-VP
so RB B-ADVP
far RB I-ADVP
this DT B-NP
month NN I-NP
to TO B-PP
about IN B-NP
five CD I-NP
million CD I-NP
metric JJ I-NP
tons NNS I-NP
. . O

In IN B-PP
trading NN B-NP
at IN B-PP
the DT B-NP
Chicago NNP I-NP
Board NNP I-NP
of IN B-PP
Trade NNP B-NP
, , O
the DT B-NP
corn NN I-NP
contract NN I-NP
for IN B-PP
December NNP B-NP
delivery NN I-NP
jumped VBD B-VP
5.75 CD B-NP
cents NNS I-NP
a DT B-NP
bushel NN I-NP
to TO B-VP
settle VB I-VP
at IN B-PP
$ $ B-NP
2.44 CD I-NP
a DT B-NP
bushel NN I-NP
. . O

The DT B-NP
Soviet JJ I-NP
purchases NNS I-NP
are VBP B-VP
close RB B-ADJP
to TO B-PP
exceeding VBG B-VP
what WP B-NP
some DT B-NP
analysts NNS I-NP
had VBD B-VP
expected VBN I-VP
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
to TO B-VP
buy VB I-VP
this DT B-NP
fall NN I-NP
, , O
the DT B-NP
season NN I-NP
in IN B-PP
which WDT B-NP
it PRP B-NP
usually RB B-ADVP
buys VBZ B-VP
much NN B-NP
of IN B-PP
the DT B-NP
corn NN I-NP
it PRP B-NP
imports VBZ B-VP
from IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

That DT B-NP
pace NN I-NP
is VBZ B-VP
causing VBG I-VP
some DT B-NP
analysts NNS I-NP
to TO B-VP
speculate VB I-VP
that IN B-SBAR
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
might MD B-VP
soon RB I-VP
purchase VB I-VP
as RB B-NP
much JJ I-NP
as IN B-PP
another DT B-NP
two CD I-NP
million CD I-NP
metric JJ I-NP
tons NNS I-NP
. . O

One CD B-NP
sign NN I-NP
that IN B-SBAR
more RBR B-NP
Soviet JJ I-NP
purchases NNS I-NP
are VBP B-VP
possible JJ B-ADJP
is VBZ B-VP
that IN O
U.S. NNP B-NP
grain NN I-NP
companies NNS I-NP
yesterday NN B-NP
bought VBD B-VP
an DT B-NP
unusually RB I-NP
large JJ I-NP
amount NN I-NP
of IN B-PP
corn NN B-NP
futures NNS I-NP
contracts NNS I-NP
. . O

That DT B-NP
sometimes RB B-ADVP
signals VBZ B-VP
that IN B-SBAR
they PRP B-NP
are VBP B-VP
laying VBG I-VP
plans NNS B-NP
to TO B-VP
export VB I-VP
corn NN B-NP
. . O

By IN B-PP
some DT B-NP
estimates NNS I-NP
, , O
several JJ B-NP
grain NN I-NP
companies NNS I-NP
combined VBN B-VP
bought VBD B-VP
contracts NNS B-NP
for IN B-PP
the DT B-NP
possession NN I-NP
of IN B-PP
roughly RB B-NP
one CD I-NP
million CD I-NP
metric JJ I-NP
tons NNS I-NP
of IN B-PP
corn NN B-NP
. . O

By IN B-PP
buying VBG B-VP
futures NNS B-NP
contracts NNS I-NP
, , O
these DT B-NP
companies NNS I-NP
attempt VBP B-VP
to TO I-VP
protect VB I-VP
themselves PRP B-NP
from IN B-PP
swings NNS B-NP
in IN B-PP
the DT B-NP
price NN I-NP
of IN B-PP
the DT B-NP
corn NN I-NP
that IN B-NP
they PRP B-NP
are VBP B-VP
obligated VBN I-VP
to TO I-VP
deliver VB I-VP
. . O

Rumors NNS B-NP
of IN B-PP
Soviet JJ B-NP
interest NN I-NP
also RB B-ADVP
pushed VBD B-VP
up IN B-ADVP
the DT B-NP
prices NNS I-NP
of IN B-PP
soybean NN B-NP
futures NNS I-NP
contracts NNS I-NP
. . O

Among IN B-PP
other JJ B-NP
things NNS I-NP
, , O
the DT B-NP
Agriculture NNP I-NP
Department NNP I-NP
is VBZ B-VP
widely RB I-VP
thought VBN I-VP
to TO I-VP
be VB I-VP
mulling VBG I-VP
whether IN B-SBAR
to TO B-VP
subsidize VB I-VP
the DT B-NP
sale NN I-NP
of IN B-PP
soybean NN B-NP
oil NN I-NP
to TO B-PP
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
. . O

On IN B-PP
top NN B-NP
of IN B-PP
all PDT B-NP
this DT I-NP
, , O
corn NN B-NP
and CC I-NP
soybean NN I-NP
prices NNS I-NP
rose VBD B-VP
on IN B-PP
reports NNS B-NP
that IN B-SBAR
the DT B-NP
Midwest NNP I-NP
harvest NN I-NP
was VBD B-VP
disrupted VBN I-VP
by IN B-PP
a DT B-NP
freakishly RB I-NP
early JJ I-NP
snow NN I-NP
storm NN I-NP
that WDT B-NP
dumped VBD B-VP
several JJ B-NP
inches NNS I-NP
in IN B-PP
parts NNS B-NP
of IN B-PP
Indiana NNP B-NP
and CC I-NP
Ohio NNP I-NP
. . O

The DT B-NP
harvest NN I-NP
delays NNS I-NP
, , O
however RB B-ADVP
, , O
are VBP B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
temporary JJ B-ADJP
. . O

Balmy JJ B-NP
temperatures NNS I-NP
are VBP B-VP
forecast NN I-VP
for IN B-PP
next JJ B-NP
week NN I-NP
, , O
said VBD B-VP
Robert NNP B-NP
Lekberg NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
Farmers NNP B-NP
Grain NNP I-NP
& CC I-NP
Livestock NNP I-NP
Corp. NNP I-NP
, , O
Chicago NNP B-NP
. . O

Many JJ B-NP
farmers NNS I-NP
used VBD B-VP
the DT B-NP
jump NN I-NP
in IN B-PP
prices NNS B-NP
to TO B-VP
sell VB I-VP
their PRP$ B-NP
recently RB I-NP
harvested VBN I-NP
crop NN I-NP
to TO B-PP
grain NN B-NP
elevator NN I-NP
companies NNS I-NP
. . O

The DT B-NP
heavy JJ I-NP
selling NN I-NP
by IN B-PP
farmers NNS B-NP
helped VBD B-VP
to TO I-VP
damp VB I-VP
the DT B-NP
price NN I-NP
rally NN I-NP
. . O

Wheat JJ B-NP
futures NNS I-NP
prices NNS I-NP
rose VBD B-VP
slightly RB B-ADVP
. . O

In IN B-PP
other JJ B-NP
commodity NN I-NP
markets NNS I-NP
yesterday NN I-NP
: : O

PRECIOUS JJ B-NP
METALS NNS I-NP
: : O

Futures NNS B-NP
prices NNS I-NP
declined VBD B-VP
. . O

A DT B-NP
number NN I-NP
of IN B-PP
developments NNS B-NP
were VBD B-VP
negatively RB I-VP
interpreted VBN I-VP
by IN B-PP
traders NNS B-NP
. . O

December NNP B-NP
delivery NN I-NP
gold NN I-NP
fell VBD B-VP
$ $ B-NP
1.80 CD I-NP
an DT B-NP
ounce NN I-NP
to TO B-PP
$ $ B-NP
370.60 CD I-NP
. . O

December NNP B-NP
silver NN I-NP
eased VBD B-VP
2.7 CD B-NP
cents NNS I-NP
an DT B-NP
ounce NN I-NP
to TO B-PP
$ $ B-NP
5.133 CD I-NP
. . O

January NNP B-NP
platinum NN I-NP
was VBD B-VP
down RB B-ADVP
$ $ B-NP
3.60 CD I-NP
an DT B-NP
ounce NN I-NP
at IN B-PP
$ $ B-NP
491.10 CD I-NP
. . O

One CD B-NP
price-depressing JJ I-NP
development NN I-NP
was VBD B-VP
the DT B-NP
lower-than-expected JJ I-NP
increase NN I-NP
of IN B-PP
only RB B-NP
0.2 CD I-NP
% NN I-NP
in IN B-PP
the DT B-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
for IN B-PP
September NNP B-NP
, , O
an DT B-NP
analyst NN I-NP
said VBD B-VP
. . O

He PRP B-NP
noted VBD B-VP
that IN B-SBAR
the DT B-NP
`` `` I-NP
core NN I-NP
inflation NN I-NP
rate NN I-NP
, , O
'' '' O
which WDT B-NP
excludes VBZ B-VP
food NN B-NP
and CC I-NP
energy NN I-NP
, , O
was VBD B-VP
also RB B-ADVP
low JJ B-ADJP
at IN B-PP
0.2 CD B-NP
% NN I-NP
. . O

Other JJ B-NP
news NN I-NP
that WDT B-NP
weighed VBD B-VP
on IN B-PP
the DT B-NP
market NN I-NP
: : O
Initial JJ B-NP
unemployment NN I-NP
claims NNS I-NP
rose VBD B-VP
by IN B-PP
62,000 CD B-NP
last JJ B-NP
week NN I-NP
; : O
American NNP B-NP
Telephone NNP I-NP
& CC I-NP
Telegraph NNP I-NP
Co. NNP I-NP
will MD B-VP
reduce VB I-VP
its PRP$ B-NP
managerial JJ I-NP
staff NN I-NP
by IN B-PP
15,000 CD B-NP
through IN B-PP
attrition NN B-NP
; : O
the DT B-NP
oil NN I-NP
market NN I-NP
turned VBD B-VP
weaker JJR B-ADJP
; : O
there EX B-NP
was VBD B-VP
n't RB O
any DT B-NP
investor NN I-NP
demand NN I-NP
for IN B-PP
bullion NN B-NP
; : O
and CC O
the DT B-NP
dollar NN I-NP
strengthened VBN B-VP
during IN B-PP
the DT B-NP
day NN I-NP
, , O
putting VBG B-VP
pressure NN B-NP
on IN B-PP
gold NN B-NP
. . O

Also RB B-ADVP
, , O
the DT B-NP
analyst NN I-NP
said VBD B-VP
, , O
economic JJ B-NP
circumstances NNS I-NP
are VBP B-VP
such JJ B-ADJP
that IN B-SBAR
both DT B-NP
South NNP B-NP
Africa NNP I-NP
and CC O
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
, , O
the DT B-NP
principal JJ I-NP
gold NN I-NP
and CC I-NP
platinum NN I-NP
producers NNS I-NP
, , O
are VBP B-VP
being VBG I-VP
forced VBN I-VP
to TO I-VP
continue VB I-VP
selling VBG I-VP
the DT B-NP
metals NNS I-NP
. . O

Both DT B-NP
are VBP B-VP
in IN B-PP
great JJ B-NP
need NN I-NP
of IN B-PP
foreign JJ B-NP
exchange NN I-NP
, , O
and CC O
South NNP B-NP
Africa NNP I-NP
is VBZ B-VP
also RB B-ADVP
under IN B-PP
pressure NN B-NP
to TO B-VP
meet VB I-VP
foreign JJ B-NP
loan NN I-NP
commitments NNS I-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
Putting VBG B-VP
it PRP B-NP
all DT B-NP
together RB B-ADVP
, , O
we PRP B-NP
have VBP B-VP
a DT B-NP
negative JJ I-NP
scenario NN I-NP
that WDT B-NP
does VBZ B-VP
n't RB I-VP
look VB I-VP
like IN B-SBAR
it PRP B-NP
will MD B-VP
improve VB I-VP
overnight JJ B-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

COPPER NN B-NP
: : O

Futures NNS B-NP
prices NNS I-NP
recovered VBD B-VP
in IN B-PP
quiet JJ B-NP
trading NN I-NP
. . O

The DT B-NP
December NNP I-NP
contract NN I-NP
rose VBD B-VP
1.50 CD B-NP
cents NNS I-NP
a DT B-NP
pound NN I-NP
to TO B-PP
$ $ B-NP
1.2795 CD I-NP
. . O

That DT B-NP
contract NN I-NP
fell VBD B-VP
a DT B-NP
total NN I-NP
of IN B-PP
5.75 CD B-NP
cents NNS I-NP
during IN B-PP
the DT B-NP
first JJ I-NP
three CD I-NP
days NNS I-NP
of IN B-PP
this DT B-NP
week NN I-NP
, , O
mostly RB B-ADVP
in IN B-PP
reaction NN B-NP
to TO B-PP
last VB B-NP
Friday NNP I-NP
's POS B-NP
stock NN I-NP
market NN I-NP
plunge NN I-NP
, , O
which WDT B-NP
prompted VBD B-VP
concern NN B-NP
that IN B-SBAR
it PRP B-NP
might MD B-VP
signal VB I-VP
a DT B-NP
similar JJ I-NP
sharp JJ I-NP
slowing NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
economy NN I-NP
and CC O
thus RB B-ADVP
reduced VBN B-VP
demand NN B-NP
for IN B-PP
copper NN B-NP
, , O
a DT B-NP
leading VBG I-NP
industrial JJ I-NP
metal NN I-NP
. . O

In IN B-PP
recent JJ B-NP
days NNS I-NP
, , O
however RB B-ADVP
, , O
there EX B-NP
has VBZ B-VP
been VBN I-VP
increased VBN B-NP
purchasing VBG I-NP
of IN B-PP
copper NN B-NP
in IN B-PP
London NNP B-NP
, , O
an DT B-NP
analyst NN I-NP
said VBD B-VP
. . O

Some DT B-NP
of IN B-PP
this DT B-NP
buying VBG I-NP
was VBD B-VP
by IN B-PP
Japan NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
had VBN I-VP
its PRP$ B-NP
supplies NNS I-NP
sharply RB B-ADVP
reduced VBN B-VP
by IN B-PP
long JJ B-NP
production NN I-NP
stoppages NNS I-NP
at IN B-PP
the DT B-NP
Bougainville NNP I-NP
mine NN I-NP
in IN B-PP
Papua NNP B-NP
New NNP I-NP
Guinea NNP I-NP
, , O
Highland NNP B-NP
Valley NNP I-NP
mine NN I-NP
in IN B-PP
British NNP B-NP
Columbia NNP I-NP
, , O
and CC O
the DT B-NP
Cananea NNP I-NP
mine NN I-NP
in IN B-PP
Mexico NNP B-NP
, , O
which WDT B-NP
are VBP B-VP
major JJ B-NP
shippers NNS I-NP
to TO B-PP
Japan NNP B-NP
. . O

The DT B-NP
increasing VBG I-NP
likelihood NN I-NP
that IN B-SBAR
Cananea NNP B-NP
and CC O
Highland NNP B-NP
Valley NNP I-NP
will MD B-VP
soon RB I-VP
return VB I-VP
to TO B-PP
production NN B-NP
may MD B-VP
have VB I-VP
cut VBN I-VP
some DT B-NP
of IN B-PP
that DT B-NP
purchasing NN I-NP
, , O
but CC O
even RB B-SBAR
if IN I-SBAR
any DT B-NP
of IN B-PP
these DT B-NP
mines NNS I-NP
begin VBP B-VP
operating VBG I-VP
soon RB B-ADVP
, , O
their PRP$ B-NP
output NN I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
significant JJ B-ADJP
until IN B-PP
at IN B-ADVP
least JJS I-ADVP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
, , O
analysts NNS B-NP
note VBP B-VP
. . O

So RB B-ADVP
, , O
one CD B-NP
analyst NN I-NP
said VBD B-VP
, , O
even RB B-SBAR
though IN I-SBAR
the DT B-NP
long-term JJ I-NP
production NN I-NP
problems NNS I-NP
may MD B-VP
be VB I-VP
easing VBG I-VP
, , O
there EX B-NP
will MD B-VP
still RB I-VP
be VB I-VP
a DT B-NP
significant JJ I-NP
need NN I-NP
for IN B-PP
copper NN B-NP
over IN B-PP
the DT B-NP
next JJ I-NP
three CD I-NP
months NNS I-NP
, , O
when WRB B-ADVP
inventories NNS B-NP
will MD B-VP
remain VB I-VP
relatively RB B-ADJP
low JJ I-ADJP
. . O

ENERGY NN B-NP
: : O

Crude JJ B-NP
oil NN I-NP
prices NNS I-NP
ended VBD B-VP
mixed VBN B-ADJP
. . O

West NNP B-NP
Texas NNP I-NP
Intermediate NNP I-NP
for IN B-PP
November NNP B-NP
delivery NN I-NP
fell VBD B-VP
14 CD B-NP
cents NNS I-NP
a DT B-NP
barrel NN I-NP
to TO B-PP
$ $ B-NP
20.42 CD I-NP
. . O

But CC O
so-called JJ B-NP
outer JJ I-NP
month NN I-NP
contracts NNS I-NP
finished VBD B-VP
higher JJR B-ADVP
. . O

For IN B-PP
instance NN B-NP
, , O
December NNP B-NP
contracts NNS I-NP
for IN B-PP
WTI NNP B-NP
rose VBD B-VP
17 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
20.42 CD I-NP
. . O

Most JJS B-NP
energy NN I-NP
futures NNS I-NP
opened VBD B-VP
lower JJR B-ADVP
, , O
following VBG B-PP
Wednesday NNP B-NP
's POS B-NP
market NN I-NP
downturn NN I-NP
. . O

But CC O
a DT B-NP
flurry NN I-NP
of IN B-PP
late JJ B-NP
trading NN I-NP
yesterday NN B-NP
beefed VBN B-VP
up IN B-PRT
prices NNS B-NP
. . O

Heating NN B-NP
oil NN I-NP
and CC I-NP
gasoline NN I-NP
futures NNS I-NP
ended VBD B-VP
higher JJR B-ADVP
as IN B-ADVP
well RB I-ADVP
. . O

Melvin NNP B-NP
Belli NNP I-NP
's POS B-NP
San NNP I-NP
Francisco NNP I-NP
law NN I-NP
offices NNS I-NP
may MD B-VP
have VB I-VP
been VBN I-VP
the DT B-NP
epicenter NN I-NP
of IN B-PP
legal JJ B-NP
activity NN I-NP
after IN B-PP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
. . O

In IN B-PP
the DT B-NP
first JJ I-NP
25 CD I-NP
minutes NNS I-NP
after IN B-SBAR
his PRP$ B-NP
office NN I-NP
's POS B-NP
telephone NN I-NP
service NN I-NP
was VBD B-VP
restored VBN I-VP
yesterday NN B-NP
morning NN I-NP
, , O
17 CD B-NP
potential JJ I-NP
clients NNS I-NP
had VBD B-VP
called VBN I-VP
seeking VBG B-VP
the DT B-NP
services NNS I-NP
of IN B-PP
the DT B-NP
self-proclaimed JJ I-NP
King NNP I-NP
of IN B-PP
Torts NNP B-NP
. . O

Mr. NNP B-NP
Belli NNP I-NP
, , O
like IN B-PP
many JJ B-NP
other JJ I-NP
personal-injury JJ I-NP
lawyers NNS I-NP
, , O
suspects VBZ B-VP
that IN B-SBAR
the DT B-NP
earthquake NN I-NP
, , O
which WDT B-NP
measured VBD B-VP
6.9 CD B-NP
on IN B-PP
the DT B-NP
Richter NNP I-NP
scale NN I-NP
, , O
will MD B-VP
generate VB I-VP
enough JJ B-NP
lawsuits NNS I-NP
to TO B-VP
keep VB I-VP
this DT B-NP
city NN I-NP
's POS B-NP
personal-injury NN B-UCP
and CC I-UCP
construction NN I-UCP
lawyers NNS B-NP
busy JJ B-ADJP
for IN B-PP
quite RB B-NP
some DT I-NP
time NN I-NP
. . O

Suits NNS B-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
filed VBN I-VP
against IN B-PP
engineering NN B-NP
firms NNS I-NP
, , O
contractors NNS B-NP
and CC O
developers NNS B-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
against IN B-PP
local-government JJ B-NP
agencies NNS I-NP
. . O

But CC O
lawyers NNS B-NP
looking VBG B-VP
to TO B-VP
cash VB I-VP
in IN B-PRT
on IN B-PP
the DT B-NP
quake NN I-NP
may MD B-VP
have VB I-VP
a DT B-NP
tough JJ I-NP
time NN I-NP
once RB B-SBAR
their PRP$ B-NP
cases NNS I-NP
reach VBP B-VP
a DT B-NP
judge NN I-NP
. . O

Experts NNS B-NP
on IN B-PP
California NNP B-NP
tort NN I-NP
law NN I-NP
say VBP B-VP
protections NNS B-NP
afforded VBD B-VP
government NN B-NP
agencies NNS I-NP
in IN B-PP
such JJ B-NP
cases NNS I-NP
are VBP B-VP
pretty RB B-ADJP
ironclad JJ I-ADJP
. . O

Even RB B-NP
claims VBZ I-NP
against IN B-PP
individuals NNS B-NP
and CC I-NP
companies NNS I-NP
face VBP B-VP
significant JJ B-NP
roadblocks NNS I-NP
. . O

The DT B-NP
major JJ I-NP
legal JJ I-NP
barrier NN I-NP
is VBZ B-VP
the DT B-NP
principle NN I-NP
that IN B-SBAR
no DT B-NP
one PRP I-NP
can MD B-VP
be VB I-VP
held VBN I-VP
liable JJ B-ADJP
for IN B-PP
an DT B-NP
`` `` I-NP
act NN I-NP
of IN B-PP
God NNP B-NP
. . O
'' '' O

For IN B-PP
now RB B-ADVP
, , O
says VBZ B-VP
Laurence NNP B-NP
Drivon NNP I-NP
, , O
president-elect NN B-NP
of IN B-PP
the DT B-NP
6,000-member NNP I-NP
California NNP I-NP
Trial NNP I-NP
Lawyers NNP I-NP
Association NNP I-NP
, , O
`` `` O
the DT B-NP
last JJ I-NP
thing NN I-NP
we PRP B-NP
really RB B-ADVP
need VBP B-VP
to TO I-VP
worry VB I-VP
about IN B-PP
is VBZ B-VP
whether IN B-SBAR
anybody NN B-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
get VB I-VP
sued VBD I-VP
, , O
or CC O
whether IN B-SBAR
they PRP B-NP
have VBP B-VP
liability NN B-NP
or CC O
not RB O
. . O

We PRP B-NP
still RB B-ADVP
have VBP B-VP
people NNS B-NP
wandering VBG B-VP
around IN B-ADVP
in IN B-PP
a DT B-NP
daze NN I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
worrying VBG B-VP
about IN B-PP
whether IN B-SBAR
it PRP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
rain VB I-VP
tonight RB B-NP
. . O
'' '' O

But CC O
that DT B-NP
wo MD B-VP
n't RB I-VP
stop VB I-VP
plaintiffs NNS B-NP
' POS B-NP
lawyers NNS I-NP
from IN B-PP
seeking VBG B-VP
a DT B-NP
little JJ I-NP
room NN I-NP
for IN B-PP
maneuvering NN B-NP
. . O

In IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
they PRP B-NP
argue VBP B-VP
, , O
an DT B-NP
earthquake NN I-NP
was VBD B-VP
a DT B-NP
near JJ I-NP
certainty NN I-NP
. . O

Therefore RB B-ADVP
, , O
engineering NN B-NP
firms NNS I-NP
, , I-NP
construction NN I-NP
contractors NNS I-NP
and CC I-NP
developers NNS I-NP
can MD B-VP
be VB I-VP
sued VBN I-VP
for IN B-PP
not RB O
keeping VBG B-VP
structures NNS B-NP
up IN B-ADVP
to TO B-PP
standard JJ B-NP
, , O
and CC O
government NN B-NP
agencies NNS I-NP
can MD B-VP
be VB I-VP
held VBN I-VP
accountable JJ B-ADJP
for IN B-PP
failing VBG B-VP
to TO I-VP
properly RB I-VP
protect VB I-VP
citizens NNS B-NP
from IN B-PP
such JJ B-NP
a DT I-NP
foreseeable JJ I-NP
disaster NN I-NP
, , O
if IN B-SBAR
negligence NN B-NP
can MD B-VP
be VB I-VP
proven VBN I-VP
. . O

`` `` O
My PRP$ B-NP
prediction NN I-NP
is VBZ B-VP
there EX B-NP
will MD B-VP
be VB I-VP
mass NN B-NP
litigation NN I-NP
over IN B-PP
errors NNS B-NP
and CC I-NP
omissions NNS I-NP
in IN B-PP
engineering NN B-NP
and CC I-NP
contracting NN I-NP
, , O
'' '' O
says VBZ B-VP
Stanley NNP B-NP
Chesley NNP I-NP
, , O
a DT B-NP
well-known JJ I-NP
Cincinnati NNP I-NP
plaintiffs NNS I-NP
lawyer NN I-NP
. . O

From IN B-PP
what WP B-NP
he PRP B-NP
saw VBD B-VP
on IN B-PP
television NN B-NP
, , O
Mr. NNP B-NP
Chesley NNP I-NP
points VBZ B-VP
out RP B-PRT
that IN B-SBAR
Interstate NNP B-NP
880 CD I-NP
, , O
which WDT B-NP
collapsed VBD B-VP
and CC O
killed VBN B-VP
more JJR B-NP
than IN I-NP
200 CD I-NP
commuters NNS I-NP
, , O
suffered VBD B-VP
serious JJ B-NP
damage NN I-NP
while IN B-SBAR
surrounding VBG B-NP
buildings NNS I-NP
appeared VBD B-VP
to TO I-VP
sustain VB I-VP
no DT B-NP
damage NN I-NP
whatsoever RB I-NP
. . O

He PRP B-NP
adds VBZ B-VP
that IN B-SBAR
`` `` O
they PRP B-NP
were VBD B-VP
aware JJ B-ADJP
of IN B-PP
the DT B-NP
propensity NN I-NP
for IN B-PP
earthquakes NNS B-NP
and CC O
the DT B-NP
San NNP I-NP
Andreas NNP I-NP
Fault NNP I-NP
. . O
'' '' O

The DT B-NP
flamboyant JJ I-NP
and CC I-NP
publicity-conscious JJ I-NP
Mr. NNP I-NP
Belli NNP I-NP
says VBZ B-VP
he PRP B-NP
already RB B-ADVP
has VBZ B-VP
investigators NNS B-NP
looking VBG B-VP
into IN B-PP
who WP B-NP
could MD B-VP
be VB I-VP
held VBN I-VP
liable JJ B-ADJP
for IN B-PP
the DT B-NP
damage NN I-NP
on IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
and CC O
the DT B-NP
interstate JJ I-NP
approaching VBG B-VP
it PRP B-NP
. . O

`` `` O
We PRP B-NP
wo MD B-VP
n't RB I-VP
know VB I-VP
until IN B-SBAR
the DT B-NP
smoke NN I-NP
clears VBZ B-VP
-- : O
but CC O
yes UH B-INTJ
, , O
we PRP B-NP
're VBP B-VP
looking VBG I-VP
into IN B-PP
it PRP B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Mr. NNP B-NP
Belli NNP I-NP
says VBZ B-VP
he PRP B-NP
wants VBZ B-VP
to TO I-VP
know VB I-VP
whether IN B-SBAR
state NN B-NP
or CC I-NP
federal JJ I-NP
engineers NNS I-NP
or CC O
private JJ B-NP
companies NNS I-NP
could MD B-VP
have VB I-VP
prevented VBN I-VP
the DT B-NP
damage NN I-NP
. . O

Mr. NNP B-NP
Belli NNP I-NP
, , O
who WP B-NP
was VBD B-VP
at IN B-PP
Candlestick NNP B-NP
Park NNP I-NP
for IN B-PP
the DT B-NP
World NNP I-NP
Series NNP I-NP
Tuesday NNP B-NP
night NN I-NP
, , O
says VBZ B-VP
he PRP B-NP
has VBZ B-VP
hired VBN I-VP
civil JJ B-NP
engineers NNS I-NP
to TO B-VP
check VB I-VP
out IN B-PRT
his PRP$ B-NP
own JJ I-NP
mildly RB I-NP
damaged VBN I-NP
building NN I-NP
and CC O
to TO B-VP
investigate VB I-VP
the DT B-NP
bridge NN I-NP
collapse NN I-NP
. . O

Defense NN B-NP
lawyers NNS I-NP
, , O
perhaps RB B-ADVP
understandably RB I-ADVP
, , O
say VBP B-VP
that IN B-SBAR
plaintiffs NNS B-NP
' POS B-NP
lawyers NNS I-NP
taking VBG B-VP
such JJ B-NP
an DT I-NP
approach NN I-NP
will MD B-VP
have VB I-VP
little JJ B-NP
success NN I-NP
in IN B-PP
pursuing VBG B-VP
their PRP$ B-NP
claims NNS I-NP
, , O
though IN B-SBAR
they PRP B-NP
add VBP B-VP
that IN B-SBAR
the DT B-NP
facts NNS I-NP
of IN B-PP
each DT B-NP
case NN I-NP
must MD B-VP
be VB I-VP
looked VBN I-VP
at IN B-PP
individually RB B-ADVP
. . O

`` `` O
A DT B-NP
lot NN I-NP
of IN B-PP
this DT B-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
code-related JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
Ignazio NNP B-NP
J. NNP I-NP
Ruvolo NNP I-NP
, , O
a DT B-NP
construction NN I-NP
law NN I-NP
specialist NN I-NP
at IN B-PP
Bronson NNP B-NP
, , I-NP
Bronson NNP I-NP
& CC I-NP
McKinnon NNP I-NP
, , O
a DT B-NP
San NNP I-NP
Francisco NNP I-NP
law NN I-NP
firm NN I-NP
. . O

Plaintiffs NNS B-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
will MD B-VP
argue VB I-VP
that WDT B-SBAR
damaged VBD B-NP
structures NNS I-NP
were VBD B-VP
n't RB I-VP
built VBN I-VP
to TO B-PP
proper JJ B-NP
design NN I-NP
standards NNS I-NP
. . O

But CC O
if IN B-SBAR
defendants NNS B-NP
can MD B-VP
prove VB I-VP
that IN B-SBAR
they PRP B-NP
met VBD B-VP
San NNP B-NP
Francisco NNP I-NP
's POS B-NP
stringent JJ I-NP
building NN I-NP
codes NNS I-NP
, , O
`` `` O
that DT B-NP
's VBZ B-VP
probably RB I-VP
going VBG I-VP
to TO I-VP
protect VB I-VP
them PRP B-NP
, , O
'' '' O
Mr. NNP B-NP
Ruvolo NNP I-NP
says VBZ B-VP
. . O

Government NN B-NP
entities NNS I-NP
, , O
continues VBZ B-VP
Mr. NNP B-NP
Ruvolo NNP I-NP
, , O
could MD B-VP
be VB I-VP
protected VBN I-VP
by IN B-PP
the DT B-NP
California NNP I-NP
Government NNP I-NP
Tort NNP I-NP
Liability NNP I-NP
Act NNP I-NP
. . O

Under IN B-PP
the DT B-NP
statute NN I-NP
, , O
agencies NNS B-NP
are VBP B-VP
provided VBN I-VP
`` `` O
defenses NNS B-NP
that IN B-NP
normally RB B-ADVP
are VBP B-VP
n't RB O
available JJ B-ADJP
in IN B-PP
the DT B-NP
private JJ I-NP
sector NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Ruvolo NNP I-NP
says VBZ B-VP
. . O

`` `` O
The DT B-NP
legislature NN I-NP
does VBZ B-VP
not RB I-VP
want VB I-VP
to TO I-VP
inhibit VB I-VP
the DT B-NP
unique JJ I-NP
government NN I-NP
activities NNS I-NP
by IN B-PP
exposing VBG B-VP
public JJ B-NP
entities NNS I-NP
to TO B-PP
liability NN B-NP
. . O
'' '' O

Built VBN B-VP
into IN B-PP
the DT B-NP
statute NN I-NP
are VBP B-VP
so-called JJ B-NP
design NN I-NP
immunities NNS I-NP
, , O
which WDT B-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
protect VB I-VP
government NN B-NP
agencies NNS I-NP
, , O
according VBG B-PP
to TO B-PP
Mr. NNP B-NP
Ruvolo NNP I-NP
and CC O
Richard NNP B-NP
Covert NNP I-NP
, , O
a DT B-NP
lawyer NN I-NP
with IN B-PP
the DT B-NP
California NNP I-NP
Department NNP I-NP
of IN B-PP
Transportation NNP B-NP
, , O
which WDT B-NP
oversees VBZ B-VP
the DT B-NP
damaged VBN I-NP
Bay NNP I-NP
Bridge NNP I-NP
. . O

The DT B-NP
state NN I-NP
is VBZ B-VP
protected VBN I-VP
when WRB B-ADVP
plans NNS B-NP
and CC I-NP
designs NNS I-NP
for IN B-PP
public JJ B-NP
structures NNS I-NP
were VBD B-VP
approved VBN I-VP
ahead RB B-ADVP
of IN B-PP
time NN B-NP
or CC O
when WRB B-ADVP
structures NNS B-NP
met VBD B-VP
previously RB B-NP
approved VBN I-NP
standards NNS I-NP
, , O
says VBZ B-VP
Mr. NNP B-NP
Covert NNP I-NP
. . O

He PRP B-NP
believes VBZ B-VP
those DT B-NP
defenses NNS I-NP
might MD B-VP
well RB I-VP
apply VB I-VP
to TO B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
collapse NN I-NP
. . O

Nevertheless RB B-ADVP
, , O
he PRP B-NP
adds VBZ B-VP
, , O
`` `` O
I PRP B-NP
would MD B-VP
n't RB I-VP
get VB I-VP
totally RB I-VP
shocked VBN I-VP
if IN B-SBAR
we PRP B-NP
get VBP B-VP
lawsuits NNS B-NP
out IN B-PP
of IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
. . O
'' '' O

If IN B-SBAR
there EX B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
a DT B-NP
race NN I-NP
to TO B-PP
the DT B-NP
courthouse NN I-NP
, , O
it PRP B-NP
has VBZ B-VP
n't RB I-VP
started VBN I-VP
yet RB B-ADVP
. . O

Mr. NNP B-NP
Covert NNP I-NP
had VBD B-VP
to TO I-VP
search VB I-VP
through IN B-PP
law NN B-NP
books NNS I-NP
scattered VBN B-VP
on IN B-PP
the DT B-NP
floor NN I-NP
of IN B-PP
his PRP$ B-NP
office NN I-NP
yesterday NN B-NP
, , O
and CC O
Mr. NNP B-NP
Belli NNP I-NP
's POS B-NP
courtyard NN I-NP
was VBD B-VP
strewn VBN I-VP
with IN B-PP
bricks NNS B-NP
. . O

Wednesday NNP B-NP
, , O
Mr. NNP B-NP
Belli NNP I-NP
's POS B-NP
staff NN I-NP
was VBD B-VP
n't RB I-VP
permitted VBN I-VP
into IN B-PP
his PRP$ B-NP
office NN I-NP
by IN B-PP
city NN B-NP
officials NNS I-NP
worried VBN B-VP
about IN B-PP
their PRP$ B-NP
safety NN I-NP
. . O

He PRP B-NP
said VBD B-VP
he PRP B-NP
set VBD B-VP
up IN B-PRT
shop NN B-NP
on IN B-PP
the DT B-NP
sidewalk NN I-NP
in IN B-PP
front NN B-NP
of IN B-PP
his PRP$ B-NP
town-house JJ I-NP
office NN I-NP
and CC O
helped VBD B-VP
victims NNS B-NP
apply VBP B-VP
for IN B-PP
federal JJ B-NP
aid NN I-NP
-- : O
free JJ B-ADVP
of IN B-PP
charge NN B-NP
. . O

In IN B-PP
a DT B-NP
news NN I-NP
release NN I-NP
issued VBN B-VP
by IN B-PP
Mr. NNP B-NP
Drivon NNP I-NP
, , O
the DT B-NP
trial NN I-NP
lawyers NNS I-NP
association NN I-NP
also RB B-ADVP
promised VBD B-VP
free JJ B-NP
assistance NN I-NP
to TO B-PP
victims NNS B-NP
. . O

The DT B-NP
association NN I-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
monitor VB I-VP
the DT B-NP
conduct NN I-NP
of IN B-PP
lawyers NNS B-NP
and CC O
warned VBD B-VP
that DT B-SBAR
solicitation NN B-NP
of IN B-PP
business NN B-NP
is VBZ B-VP
unethical JJ B-ADJP
. . O

What WP B-NP
's VBZ O
in IN B-PP
a DT B-NP
name NN I-NP
? . O

Apparently RB B-ADVP
a DT B-NP
lot NN I-NP
, , O
according VBG B-PP
to TO B-PP
the DT B-NP
British JJ I-NP
firm NN I-NP
of IN B-PP
Deloitte NNP B-NP
, , I-NP
Haskins NNP I-NP
& CC I-NP
Sells NNP I-NP
. . O

The DT B-NP
British JJ I-NP
firm NN I-NP
has VBZ B-VP
begun VBN I-VP
court NN B-NP
proceedings NNS I-NP
in IN B-PP
London NNP B-NP
to TO B-VP
prevent VB I-VP
the DT B-NP
use NN I-NP
of IN B-PP
the DT B-NP
name NN I-NP
`` `` I-NP
Deloitte NNP I-NP
'' '' O
by IN B-PP
Deloitte NNP B-NP
, , I-NP
Haskins NNP I-NP
& CC I-NP
Sells NNP I-NP
and CC O
Touche NNP B-NP
Ross NNP I-NP
& CC I-NP
Co. NNP I-NP
in IN B-PP
England NNP B-NP
and CC O
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
world NN I-NP
. . O

The DT B-NP
British NNP I-NP
Deloitte NNP I-NP
firm NN I-NP
recently RB B-ADVP
withdrew VBD B-VP
from IN B-PP
the DT B-NP
merger NN I-NP
of IN B-PP
Deloitte NNP B-NP
and CC I-NP
Touche NNP I-NP
world-wide JJ I-NP
and CC O
joined VBD B-VP
Coopers NNP B-NP
& CC I-NP
Lybrand NNP I-NP
. . O

John NNP B-NP
Bullock NNP I-NP
, , O
senior JJ B-NP
partner NN I-NP
of IN B-PP
Deloitte NNP B-NP
in IN B-PP
the DT B-NP
U.K. NNP I-NP
, , O
said VBD B-VP
`` `` O
the DT B-NP
decision NN I-NP
to TO B-VP
start VB I-VP
these DT B-NP
proceedings NNS I-NP
has VBZ B-VP
n't RB I-VP
been VBN I-VP
taken VBN I-VP
lightly RB B-ADVP
. . O
'' '' O

Mr. NNP B-NP
Bullock NNP I-NP
said VBD B-VP
the DT B-NP
British JJ I-NP
firm NN I-NP
has VBZ B-VP
used VBN I-VP
the DT B-NP
name NN I-NP
`` `` I-NP
Deloitte NNP I-NP
'' '' O
since IN B-PP
1845 CD B-NP
. . O

In IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
Deloitte NNP B-NP
, , I-NP
Haskins NNP I-NP
& CC I-NP
Sells NNP I-NP
was VBD B-VP
known VBN I-VP
as IN B-PP
Haskins NNP B-NP
& CC I-NP
Sells NNP I-NP
until IN B-PP
1978 CD B-NP
, , O
when WRB B-ADVP
it PRP B-NP
added VBD B-VP
the DT B-NP
`` `` I-NP
Deloitte NNP I-NP
'' '' I-NP
name NN I-NP
of IN B-PP
its PRP$ B-NP
British JJ I-NP
affiliate NN I-NP
. . O

John NNP B-NP
C. NNP I-NP
Burton NNP I-NP
, , O
an DT B-NP
accounting NN I-NP
professor NN I-NP
at IN B-PP
Columbia NNP B-NP
University NNP I-NP
's POS B-NP
Graduate NNP I-NP
School NNP I-NP
of IN B-PP
Business NNP B-NP
, , O
said VBD B-VP
`` `` O
there EX B-NP
's VBZ B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
emotion NN B-NP
involved VBN B-VP
in IN B-PP
the DT B-NP
name NN I-NP
of IN B-PP
an DT B-NP
accounting NN I-NP
firm NN I-NP
with IN B-PP
a DT B-NP
long JJ I-NP
history NN I-NP
and CC B-PP
with IN B-PP
roots NNS B-NP
in IN B-PP
England NNP B-NP
, , O
where WRB B-ADVP
accounting NN B-NP
predates VBZ B-VP
the DT B-NP
U.S. NNP I-NP
. . O
'' '' O

Although IN B-SBAR
accountants NNS B-NP
are VBP B-VP
n't RB I-VP
noted VBN I-VP
as IN B-PP
`` `` O
being VBG B-VP
deeply RB B-ADJP
emotional JJ I-ADJP
, , O
they PRP B-NP
really RB B-ADVP
hold VBP B-VP
it PRP B-NP
all DT B-NP
in NN B-PRT
, , O
'' '' O
said VBD B-VP
Mr. NNP B-NP
Burton NNP I-NP
, , O
former JJ B-NP
chief JJ I-NP
accountant NN I-NP
of IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
. . O

J. NNP B-NP
Michael NNP I-NP
Cook NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Deloitte NNP B-NP
, , I-NP
Haskins NNP I-NP
& CC I-NP
Sells NNP I-NP
International NNP I-NP
, , O
said VBD B-VP
he PRP B-NP
believes VBZ B-VP
the DT B-NP
legal JJ I-NP
action NN I-NP
by IN B-PP
the DT B-NP
British JJ I-NP
firm NN I-NP
`` `` O
to TO B-VP
be VB I-VP
without IN B-PP
merit NN B-NP
. . O
'' '' O

Mr. NNP B-NP
Cook NNP I-NP
said VBD B-VP
that IN B-SBAR
last JJ B-NP
June NNP I-NP
, , O
the DT B-NP
international JJ I-NP
executive NN I-NP
committes NNS I-NP
of IN B-PP
Deloitte NNP B-NP
and CC I-NP
Touche NNP I-NP
agreed VBD B-VP
to TO B-PP
a DT B-NP
world-wide JJ I-NP
merger NN I-NP
. . O

`` `` O
The DT B-NP
merger NN I-NP
is VBZ B-VP
proceeding VBG I-VP
according VBG B-PP
to TO B-PP
plan VB B-NP
, , O
except IN B-PP
as IN B-PP
to TO B-PP
the DT B-NP
withdrawal NN I-NP
of IN B-PP
the DT B-NP
Deloitte NNP I-NP
U.K. NNP I-NP
firm NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Partners NNS B-NP
at IN B-PP
other JJ B-NP
accounting NN I-NP
firms NNS I-NP
say VBP B-VP
that IN B-SBAR
the DT B-NP
Deloitte NNP I-NP
firm NN I-NP
in IN B-PP
the DT B-NP
U.K. NNP I-NP
is VBZ B-VP
filing VBG I-VP
the DT B-NP
suit NN I-NP
to TO B-VP
get VB I-VP
even RB B-PRT
with IN B-PP
the DT B-NP
merged VBN I-NP
Deloitte-Touche NNP I-NP
firm NN I-NP
for IN B-PP
keeping VBG B-VP
major JJ B-NP
auditing NN I-NP
work NN I-NP
in IN B-PP
England NNP B-NP
. . O

General NNP B-NP
Motors NNPS I-NP
Corp. NNP I-NP
, , O
a DT B-NP
Deloitte NNP I-NP
audit NN I-NP
client NN I-NP
, , O
for IN B-PP
example NN B-NP
, , O
has VBZ B-VP
agreed VBN I-VP
to TO I-VP
keep VB I-VP
its PRP$ B-NP
annual JJ I-NP
$ $ I-NP
18 CD I-NP
million CD I-NP
world-wide JJ I-NP
audit NN I-NP
and CC I-NP
associated VBN I-NP
tax NN I-NP
work NN I-NP
with IN B-PP
the DT B-NP
merged VBN I-NP
Deloitte-Touche NNP I-NP
firm NN I-NP
, , O
to TO B-VP
be VB I-VP
known VBN I-VP
as IN B-PP
Deloitte NNP B-NP
& CC I-NP
Touche NNP I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

In IN B-PP
England NNP B-NP
, , O
this DT B-NP
would MD B-VP
mean VB I-VP
that IN B-SBAR
the DT B-NP
British NNP I-NP
Deloitte NNP I-NP
would MD B-VP
lose VB I-VP
revenue NN B-NP
for IN B-PP
its PRP$ B-NP
audit NN I-NP
of IN B-PP
GM NNP B-NP
's POS B-NP
Vauxhill NNP I-NP
unit NN I-NP
. . O

The DT B-NP
defection NN I-NP
of IN B-PP
Deloitte NNP B-NP
's POS B-NP
affiliates NNS I-NP
in IN B-PP
Britain NNP B-NP
and CC O
the DT B-NP
Netherlands NNP I-NP
to TO B-PP
Coopers NNP B-NP
& CC I-NP
Lybrand NNP I-NP
will MD B-VP
make VB I-VP
Coopers NNP B-NP
one CD B-NP
of IN B-PP
the DT B-NP
biggest JJS I-NP
accounting NN I-NP
firms NNS I-NP
in IN B-PP
Europe NNP B-NP
, , O
rivaling VBG B-VP
KPMG NNP B-NP
Peat NNP I-NP
Marwick NNP I-NP
there RB B-ADVP
. . O

Although IN B-SBAR
Coopers NNP B-NP
has VBZ B-VP
n't RB I-VP
been VBN I-VP
courted VBN I-VP
by IN B-PP
other JJ B-NP
major JJ I-NP
accounting NN I-NP
firms NNS I-NP
for IN B-PP
a DT B-NP
merger NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
benefiting VBG I-VP
greatly RB B-ADVP
from IN B-PP
fallout NN B-NP
from IN B-PP
the DT B-NP
Deloitte-Touche NNP I-NP
merger NN I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
, , O
Harris NNP B-NP
Amhowitz NNP I-NP
, , O
general JJ B-NP
counsel NN I-NP
of IN B-PP
Coopers NNP B-NP
, , O
said VBD B-VP
Coopers NNP B-NP
`` `` O
was VBD B-VP
aware JJ B-ADJP
of IN B-PP
the DT B-NP
litigation NN I-NP
, , O
'' '' O
but CC O
he PRP B-NP
declined VBD B-VP
further JJ B-NP
comment NN I-NP
. . O

He PRP B-NP
also RB B-ADVP
declined VBD B-VP
to TO I-VP
comment VB I-VP
on IN B-PP
the DT B-NP
name NN I-NP
that IN B-NP
Coopers NNP B-NP
would MD B-VP
use VB I-VP
in IN B-PP
England NNP B-NP
if IN B-SBAR
Deloitte NNP B-NP
UK NNP I-NP
won VBD B-VP
its PRP$ B-NP
litigation NN I-NP
to TO B-VP
keep VB I-VP
its PRP$ B-NP
name NN I-NP
. . O

Coopers NNP B-NP
uses VBZ B-VP
the DT B-NP
Coopers NNP I-NP
& CC I-NP
Lybrand NNP I-NP
name NN I-NP
world-wide JJ B-ADVP
. . O

William NNP B-NP
Bennett NNP I-NP
, , O
the DT B-NP
White NNP I-NP
House NNP I-NP
drug-policy NN I-NP
director NN I-NP
, , O
accused VBN B-VP
local JJ B-NP
officials NNS I-NP
in IN B-PP
the DT B-NP
Washington NNP I-NP
area NN I-NP
of IN B-PP
blocking VBG B-VP
construction NN B-NP
of IN B-PP
prison NN B-NP
facilities NNS I-NP
to TO B-VP
house VB I-VP
convicted VBN B-NP
drug NN I-NP
dealers NNS I-NP
. . O

`` `` O
Politics NNP B-NP
has VBZ B-VP
essentially RB I-VP
put VB I-VP
up IN B-PRT
a DT B-NP
roadblock NN I-NP
'' '' O
to TO B-PP
finding VBG B-VP
sites NNS B-NP
for IN B-PP
new JJ B-NP
federal JJ I-NP
prisons NNS I-NP
, , O
Mr. NNP B-NP
Bennett NNP I-NP
said VBD B-VP
at IN B-PP
a DT B-NP
news NN I-NP
conference NN I-NP
called VBN B-VP
to TO B-VP
report VB I-VP
on IN B-PP
his PRP$ B-NP
`` `` I-NP
emergency NN I-NP
assistance NN I-NP
program NN I-NP
'' '' O
for IN B-PP
the DT B-NP
capital NN I-NP
. . O

Without IN B-PP
more JJR B-NP
space NN I-NP
to TO B-VP
incarcerate VB I-VP
convicted VBN B-NP
criminals NNS I-NP
, , O
he PRP B-NP
added VBD B-VP
, , O
`` `` O
we PRP B-NP
will MD B-VP
not RB I-VP
win VB I-VP
the DT B-NP
war NN I-NP
on IN B-PP
drugs NNS B-NP
. . O
'' '' O

Mr. NNP B-NP
Bennett NNP I-NP
declared VBD B-VP
in IN B-PP
April NNP B-NP
that IN B-SBAR
he PRP B-NP
would MD B-VP
make VB I-VP
Washington NNP B-NP
a DT B-NP
`` `` I-NP
test NN I-NP
case NN I-NP
'' '' O
for IN B-PP
how WRB B-ADVP
the DT B-NP
Bush NNP I-NP
administration NN I-NP
would MD B-VP
aid VB I-VP
cities NNS B-NP
afflicted VBN B-VP
by IN B-PP
heavy JJ B-NP
drug NN I-NP
trafficking NN I-NP
and CC O
violence NN B-NP
. . O

The DT B-NP
drug NN I-NP
czar NN I-NP
claimed VBD B-VP
that IN B-SBAR
enforcement NN B-NP
efforts NNS I-NP
are VBP B-VP
working VBG I-VP
here RB B-ADVP
, , O
`` `` O
albeit IN B-ADVP
at IN B-PP
a DT B-NP
slower JJR I-NP
and CC I-NP
more JJR I-NP
halting VBG I-NP
pace NN I-NP
than IN B-SBAR
we PRP B-NP
would MD B-VP
like IN I-VP
. . O
'' '' O

He PRP B-NP
acknowledged VBD B-VP
, , O
however RB B-ADVP
, , O
that IN B-SBAR
Washington NNP B-NP
's POS B-NP
`` `` I-NP
drug-related JJ I-NP
murder NN I-NP
rate NN I-NP
is VBZ O
intolerably RB B-ADJP
high JJ I-ADJP
. . O

The DT B-NP
prisons NNS I-NP
are VBP B-VP
too RB B-ADJP
crowded VBN I-ADJP
. . O

Drugs NNS B-NP
continue VBP B-VP
to TO I-VP
be VB I-VP
sold VBN I-VP
openly RB B-ADVP
around IN B-PP
schools NNS B-NP
, , I-NP
parks NNS I-NP
and CC I-NP
housing NN I-NP
projects NNS I-NP
. . O
'' '' O

Mr. NNP B-NP
Bennett NNP I-NP
declined VBD B-VP
to TO I-VP
name VB I-VP
the DT B-NP
area NN I-NP
officials NNS I-NP
who WP B-NP
he PRP B-NP
believes VBZ B-VP
have VBP B-VP
impeded VBN I-VP
plans NNS B-NP
for IN B-PP
building NN B-VP
more RBR B-NP
federal JJ I-NP
prisons NNS I-NP
to TO B-VP
ease VB I-VP
Washington NNP B-NP
's POS B-NP
problem NN I-NP
. . O

But CC O
other JJ B-NP
Bush NNP I-NP
administration NN I-NP
officials NNS I-NP
have VBP B-VP
criticized VBN I-VP
Maryland NNP B-NP
Gov. NNP I-NP
William NNP I-NP
Schaefer NNP I-NP
for IN B-PP
blocking VBG B-VP
the DT B-NP
use NN I-NP
of IN B-PP
possible JJ B-NP
sites NNS I-NP
in IN B-PP
that DT B-NP
state NN I-NP
. . O

Administration NN B-NP
officials NNS I-NP
also RB B-ADVP
have VBP B-VP
said VBD I-VP
that IN B-SBAR
Washington NNP B-NP
Mayor NNP I-NP
Marion NNP I-NP
Barry NNP I-NP
has VBZ B-VP
delayed VBN I-VP
consideration NN B-NP
of IN B-PP
sites NNS B-NP
in IN B-PP
the DT B-NP
city NN I-NP
. . O

In IN B-PP
a DT B-NP
letter NN I-NP
to TO B-PP
Mr. NNP B-NP
Bennett NNP I-NP
's POS B-NP
office NN I-NP
, , O
released VBN B-VP
yesterday NN B-NP
, , O
Washington NNP B-NP
's POS B-NP
city NN I-NP
administrator NN I-NP
, , O
Carol NNP B-NP
Thompson NNP I-NP
, , O
complained VBD B-VP
that IN B-SBAR
the DT B-NP
drug NN I-NP
czar NN I-NP
had VBD B-VP
exaggerated VBN I-VP
the DT B-NP
amount NN I-NP
of IN B-PP
federal JJ B-NP
drug-related JJ I-NP
assistance NN I-NP
provided VBN B-VP
to TO B-PP
the DT B-NP
capital NN I-NP
. . O

Referring VBG B-VP
to TO B-PP
Mr. NNP B-NP
Bennett NNP I-NP
's POS B-NP
claim NN I-NP
that IN B-SBAR
the DT B-NP
federal JJ I-NP
government NN I-NP
would MD B-VP
provide VB I-VP
$ $ B-NP
97 CD I-NP
million CD I-NP
in IN B-PP
emergency NN B-NP
federal JJ I-NP
support NN I-NP
, , O
Ms. NNP B-NP
Thompson NNP I-NP
wrote VBD B-VP
, , O
`` `` O
Our PRP$ B-NP
analysis NN I-NP
was VBD B-VP
unable JJ B-ADJP
to TO B-VP
even RB I-VP
come VB I-VP
close RB B-ADVP
to TO B-PP
documenting VBG B-VP
that DT B-NP
figure NN I-NP
. . O
'' '' O

Of IN B-PP
his PRP$ B-NP
successes NNS I-NP
in IN B-PP
Washington NNP B-NP
, , O
Mr. NNP B-NP
Bennett NNP I-NP
stressed VBD B-VP
that IN B-SBAR
existing VBG B-NP
federal JJ I-NP
prisons NNS I-NP
have VBP B-VP
taken VBN I-VP
custody NN B-NP
of IN B-PP
375 CD B-NP
local JJ I-NP
inmates NNS I-NP
. . O

He PRP B-NP
also RB B-ADVP
noted VBD B-VP
that IN B-SBAR
the DT B-NP
federal JJ I-NP
Drug NNP I-NP
Enforcement NNP I-NP
Administration NNP I-NP
has VBZ B-VP
established VBN I-VP
a DT B-NP
federal-local JJ I-NP
task NN I-NP
force NN I-NP
responsible JJ B-ADJP
since IN B-PP
April NNP B-NP
for IN B-PP
106 CD B-NP
arrests NNS I-NP
and CC O
more JJR B-NP
than IN I-NP
$ $ I-NP
2 CD I-NP
million CD I-NP
in IN B-PP
seizures NNS B-NP
of IN B-PP
drug NN B-NP
dealers NNS I-NP
' POS B-NP
assets NNS I-NP
. . O

The DT B-NP
Defense NNP I-NP
Department NNP I-NP
has VBZ B-VP
lent VBN I-VP
the DT B-NP
Washington NNP I-NP
U.S. NNP I-NP
attorney NN I-NP
10 CD B-NP
prosecutors NNS I-NP
, , O
and CC O
the DT B-NP
Federal NNP I-NP
Bureau NNP I-NP
of IN B-PP
Investigation NNP B-NP
has VBZ B-VP
provided VBN I-VP
crime NN B-NP
laboratory NN I-NP
facilities NNS I-NP
and CC I-NP
training NN I-NP
, , O
he PRP B-NP
added VBD B-VP
. . O

What WP B-NP
if IN B-SBAR
it PRP B-NP
happened VBD B-VP
to TO B-PP
us PRP B-NP
? . O

In IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
in IN B-PP
California NNP B-NP
and CC O
the DT B-NP
devastation NN I-NP
of IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
, , O
many JJ B-NP
companies NNS I-NP
in IN B-PP
disaster-prone JJ B-NP
areas NNS I-NP
are VBP B-VP
pondering VBG I-VP
the DT B-NP
question NN I-NP
of IN B-PP
preparedness NN B-NP
. . O

Some DT B-NP
, , O
particularly RB B-ADVP
in IN B-PP
West NNP B-NP
Coast NNP I-NP
earthquake NN I-NP
zones NNS I-NP
, , O
are VBP B-VP
dusting VBG I-VP
off IN B-PRT
their PRP$ B-NP
evacuation NN I-NP
plans NNS I-NP
, , O
checking VBG B-VP
food NN B-NP
stocks NNS I-NP
and CC O
reminding VBG B-VP
employees NNS B-NP
of IN B-PP
what WP B-NP
to TO B-VP
do VB I-VP
if IN B-SBAR
emergency NN B-NP
strikes NNS B-VP
. . O

Others NNS B-NP
say VBP B-VP
they PRP B-NP
feel VBP B-VP
confident JJ B-ADJP
that IN B-SBAR
steps NNS B-NP
they PRP B-NP
've VBP B-VP
already RB I-VP
taken VBN I-VP
would MD B-VP
see VB I-VP
them PRP B-NP
through IN B-PP
a DT B-NP
disaster NN I-NP
. . O

Preparedness NN B-NP
involves VBZ B-VP
more JJR B-NP
than IN B-PP
flashlights NNS B-NP
and CC I-NP
fire NN I-NP
alarms VBZ I-NP
these DT B-NP
days NNS I-NP
. . O

Some DT B-NP
big JJ I-NP
companies NNS I-NP
have VBP B-VP
teams NNS B-NP
of IN B-PP
in-house JJ B-NP
experts NNS I-NP
focusing VBG B-VP
on IN B-PP
safety NN B-NP
and CC I-NP
business NN I-NP
resumption NN I-NP
. . O

Many JJ B-NP
companies NNS I-NP
in IN B-PP
the DT B-NP
path NN I-NP
of IN B-PP
potential JJ B-NP
disaster NN I-NP
have VBP B-VP
set VBN I-VP
up IN B-PRT
contingency NN B-NP
offices NNS I-NP
in IN B-PP
safe JJ B-NP
regions NNS I-NP
, , O
hoping VBG B-VP
they PRP B-NP
can MD B-VP
transport VB I-VP
employees NNS B-NP
there EX B-ADVP
and CC O
resume VB B-VP
operations NNS B-NP
quickly RB B-ADVP
. . O

That DT B-NP
means VBZ B-VP
making VBG I-VP
sure JJ B-ADJP
that IN B-SBAR
copies NNS B-NP
of IN B-PP
vital JJ B-NP
computer NN I-NP
software NN I-NP
and CC I-NP
company NN I-NP
records NNS I-NP
are VBP B-VP
out IN B-PP
of IN B-PP
harm NN B-NP
's POS B-NP
way NN I-NP
. . O

Some DT B-NP
businesses NNS I-NP
-- : O
like IN B-PP
Disneyland NNP B-NP
-- : O
claim NN B-VP
that IN B-SBAR
even RB B-SBAR
if IN I-SBAR
they PRP B-NP
became VBD B-VP
isolated VBN B-ADJP
in IN B-PP
a DT B-NP
crisis NN I-NP
, , O
they PRP B-NP
would MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
feed VB I-VP
and CC O
care NN B-VP
for IN B-PP
their PRP$ B-NP
people NNS I-NP
for IN B-PP
as RB B-ADVP
long RB I-ADVP
as IN B-PP
five CD B-NP
days NNS I-NP
. . O

`` `` O
Self-sufficiency NN B-NP
has VBZ B-VP
to TO I-VP
be VB I-VP
the DT B-NP
cornerstone NN I-NP
of IN B-PP
your PRP$ B-NP
plan NN I-NP
, , O
'' '' O
says VBZ B-VP
Stephanie NNP B-NP
Masaki-Schatz NNP I-NP
, , O
manager NN B-NP
of IN B-PP
corporate JJ B-NP
emergency NN I-NP
planning NN I-NP
at IN B-PP
Atlantic NNP B-NP
Richfield NNP I-NP
Co. NNP I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
do VBP B-VP
n't RB I-VP
save VB I-VP
your PRP$ B-NP
critical JJ I-NP
people NNS I-NP
, , O
you PRP B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
bring VB I-VP
up IN B-PRT
your PRP$ B-NP
vital JJ I-NP
business NN I-NP
functions NNS I-NP
. . O
'' '' O

Although IN B-SBAR
ARCO NNP B-NP
's POS B-NP
head NN I-NP
office NN I-NP
, , O
more JJR B-NP
than IN I-NP
300 CD I-NP
miles NNS I-NP
from IN B-PP
the DT B-NP
epicenter NN I-NP
, , O
was VBD B-VP
n't RB I-VP
affected VBN I-VP
by IN B-PP
this DT B-NP
week NN I-NP
's POS B-NP
tremors NNS I-NP
, , O
Ms. NNP B-NP
Masaki-Schatz NNP I-NP
used VBD B-VP
the DT B-NP
occasion NN I-NP
to TO B-VP
distribute VB I-VP
a DT B-NP
three-page JJ I-NP
memo NN I-NP
of IN B-PP
`` `` B-NP
Earthquake NNP I-NP
Tips NNP I-NP
'' '' O
to TO B-PP
1,200 CD B-NP
ARCO NNP I-NP
employees NNS I-NP
. . O

`` `` O
You PRP B-NP
need VBP B-VP
to TO I-VP
capitalize VB I-VP
on IN B-PP
these DT B-NP
moments NNS I-NP
when WRB B-ADVP
you PRP B-NP
have VBP B-VP
everyone NN B-NP
's POS B-NP
attention NN I-NP
, , O
'' '' O
she PRP B-NP
says VBZ B-VP
. . O

`` `` O
It PRP B-NP
was VBD B-VP
a DT B-NP
good JJ I-NP
reminder NN I-NP
that IN B-SBAR
we PRP B-NP
all DT B-NP
need NN B-VP
to TO I-VP
prepare VB I-VP
prior RB B-ADVP
to TO B-PP
an DT B-NP
event NN I-NP
. . O
'' '' O

The DT B-NP
ARCO NNP I-NP
memo NN I-NP
urges VBZ B-VP
employees NNS B-NP
to TO B-VP
keep VB I-VP
certain JJ B-NP
supplies NNS I-NP
at IN B-PP
work NN B-NP
, , O
such JJ B-PP
as IN I-PP
solid JJ B-NP
shoes NNS I-NP
and CC O
`` `` O
heavy JJ B-NP
gloves NNS I-NP
to TO B-VP
clear VB I-VP
debris NN B-NP
. . O
'' '' O

It PRP B-NP
also RB B-ADVP
recommends VBZ B-VP
that IN B-SBAR
employees NNS B-NP
be VBP B-VP
aware JJ B-ADJP
of IN B-PP
everyday JJ B-NP
office NN I-NP
items NNS I-NP
that WDT B-NP
could MD B-VP
be VB I-VP
used VBN I-VP
for IN B-PP
emergency NN B-NP
care NN I-NP
or CC I-NP
shelter NN I-NP
. . O

Among IN B-PP
the DT B-NP
suggestions NNS I-NP
: : O
Pantyhose NN B-NP
and CC O
men NNS B-NP
's POS B-NP
ties NNS I-NP
could MD B-VP
be VB I-VP
used VBN I-VP
for IN B-PP
slings NNS B-NP
, , O
while IN B-SBAR
removable JJ B-NP
wooden JJ I-NP
shelves NNS I-NP
might MD B-VP
aid VB I-VP
in IN B-PP
`` `` O
breaking VBG B-VP
through IN B-PP
office NN B-NP
walls NNS I-NP
. . O
'' '' O

ARCO NNP B-NP
maintains VBZ B-VP
an DT B-NP
office NN I-NP
in IN B-PP
Dallas NNP B-NP
that WDT B-NP
would MD B-VP
take VB I-VP
over IN B-PRT
if IN B-SBAR
payroll NN B-NP
operations NNS I-NP
in IN B-PP
Pasadena NNP B-NP
were VBD B-VP
disrupted VBN I-VP
. . O

Two CD B-NP
months NNS I-NP
ago RB B-ADVP
the DT B-NP
company NN I-NP
set VBN B-VP
up IN B-PRT
a DT B-NP
toll-free JJ I-NP
number NN I-NP
, , O
based VBN B-VP
outside IN B-PP
California NNP B-NP
, , O
to TO B-VP
handle VB I-VP
queries NNS B-NP
from IN B-PP
employees NNS B-NP
about IN B-PP
when WRB B-ADVP
they PRP B-NP
should MD B-VP
report VB I-VP
back RB B-ADVP
to TO B-PP
work VB B-NP
after IN B-PP
an DT B-NP
earthquake NN I-NP
or CC I-NP
other JJ I-NP
disaster NN I-NP
. . O

The DT B-NP
ARCO NNP I-NP
plan NN I-NP
takes VBZ B-VP
into IN B-PP
account NN B-NP
such JJ B-NP
details NNS I-NP
as IN B-PP
which WDT B-NP
aspects NNS I-NP
of IN B-PP
business NN B-NP
are VBP B-VP
busier JJR B-ADJP
at IN B-PP
certain JJ B-NP
times NNS I-NP
of IN B-PP
the DT B-NP
year NN I-NP
. . O

This DT B-NP
way NN I-NP
, , O
depending VBG B-VP
on IN B-PP
when WRB B-ADVP
a DT B-NP
quake NN I-NP
might MD B-VP
strike VB I-VP
, , O
priorities NNS B-NP
can MD B-VP
be VB I-VP
assigned VBN I-VP
to TO B-PP
departments NNS B-NP
that WDT B-NP
should MD B-VP
be VB I-VP
brought VBN I-VP
back RB B-ADVP
on IN B-PP
line NN B-NP
first JJ B-ADVP
. . O

At IN B-PP
Hewlett-Packard NNP B-NP
Co. NNP I-NP
, , O
the DT B-NP
earthquake NN I-NP
came VBD B-VP
just RB B-SBAR
as IN I-SBAR
the DT B-NP
company NN I-NP
was VBD B-VP
reviewing VBG I-VP
its PRP$ B-NP
own JJ I-NP
emergency NN I-NP
procedures NNS I-NP
. . O

`` `` O
We PRP B-NP
were VBD B-VP
talking VBG I-VP
about IN B-PP
scheduling VBG B-VP
a DT B-NP
practice NN I-NP
drill NN I-NP
for IN B-PP
November NNP B-NP
, , O
'' '' O
says VBZ B-VP
Joan NNP B-NP
Tharp NNP I-NP
, , O
a DT B-NP
spokeswoman NN I-NP
. . O

`` `` O
Then RB B-ADVP
we PRP B-NP
had VBD B-VP
a DT B-NP
real JJ I-NP
one CD I-NP
in IN B-PP
the DT B-NP
afternoon NN I-NP
. . O
'' '' O

The DT B-NP
Palo NNP I-NP
Alto NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
computer NN I-NP
maker NN I-NP
scrambled VBD B-VP
to TO I-VP
set VB I-VP
up IN B-PRT
a DT B-NP
special JJ I-NP
phone NN I-NP
line NN I-NP
to TO B-VP
tell VB I-VP
manufacturing NN B-NP
and CC I-NP
support NN I-NP
staff NN I-NP
to TO B-VP
stay VB I-VP
home NN B-ADVP
Wednesday NNP B-NP
. . O

Sales NNS B-NP
and CC I-NP
service NN I-NP
employees NNS I-NP
were VBD B-VP
asked VBN I-VP
to TO B-VP
report VB I-VP
to TO B-PP
work VB B-NP
to TO B-VP
help VB I-VP
Bay NNP B-NP
area NN I-NP
clients NNS I-NP
who WP B-NP
called VBD B-VP
with IN B-PP
computer NN B-NP
problems NNS I-NP
. . O

Hewlett-Packard NNP B-NP
also RB B-ADVP
called VBD B-VP
in IN B-PRT
its PRP$ B-NP
systems NNS I-NP
experts NNS I-NP
to TO B-VP
restore VB I-VP
its PRP$ B-NP
own JJ I-NP
computer NN I-NP
operations NNS I-NP
. . O

`` `` O
That DT B-NP
means VBZ B-VP
we PRP B-NP
can MD B-VP
accept VB I-VP
orders NNS B-NP
'' '' O
and CC O
begin VB B-VP
getting VBG I-VP
back RB B-ADVP
to TO B-PP
normal JJ B-ADJP
, , O
says VBZ B-VP
Ms. NNP B-NP
Tharp NNP I-NP
. . O

Prompted VBN B-VP
by IN B-PP
an DT B-NP
earlier RBR I-NP
California NNP I-NP
earthquake NN I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
a DT B-NP
fire NN I-NP
in IN B-PP
a DT B-NP
Los NNP I-NP
Angeles NNP I-NP
office NN I-NP
tower NN I-NP
, , O
Great NNP B-NP
Western NNP I-NP
Bank NNP I-NP
in IN B-PP
the DT B-NP
past JJ I-NP
year NN I-NP
hired VBN B-VP
three CD B-NP
emergency NN I-NP
planners NNS I-NP
and CC O
spent VBD B-VP
$ $ B-NP
75,000 CD I-NP
equipping VBG B-VP
a DT B-NP
trailer NN I-NP
with IN B-PP
communications NNS B-NP
gear VBP I-NP
to TO B-VP
serve VB I-VP
as IN B-PP
an DT B-NP
emergency NN I-NP
headquarters NN I-NP
. . O

Although IN B-SBAR
officials NNS B-NP
of IN B-PP
the DT B-NP
savings NNS I-NP
and CC I-NP
loan NN I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Great NNP B-NP
Western NNP I-NP
Financial NNP I-NP
Corp. NNP I-NP
, , O
used VBD B-VP
some DT B-NP
of IN B-PP
their PRP$ B-NP
new JJ I-NP
plans NNS I-NP
and CC I-NP
equipment NN I-NP
during IN B-PP
this DT B-NP
week NN I-NP
's POS B-NP
quake NN I-NP
, , O
they PRP B-NP
still RB B-ADVP
lost VBD B-VP
touch NN B-NP
for IN B-PP
more JJR B-NP
than IN I-NP
24 CD I-NP
hours NNS I-NP
with IN B-PP
15 CD B-NP
branches NNS I-NP
in IN B-PP
the DT B-NP
affected VBN I-NP
areas NNS I-NP
, , O
not RB O
knowing VBG B-VP
if IN B-SBAR
employees NNS B-NP
were VBD B-VP
injured VBN I-VP
or CC O
vaults NNS B-NP
were VBD B-VP
broken VBN I-VP
open JJ B-ADJP
. . O

`` `` O
Some DT B-NP
people NNS I-NP
flat JJ B-ADVP
out IN I-ADVP
did VBD B-VP
n't RB I-VP
know VB I-VP
what WP B-NP
to TO B-VP
do VB I-VP
, , O
'' '' O
says VBZ B-VP
Robert NNP B-NP
G. NNP I-NP
Lee NNP I-NP
, , O
vice NN B-NP
president NN I-NP
for IN B-PP
emergency NN B-NP
planning NN I-NP
and CC O
corporate JJ B-NP
security NN I-NP
at IN B-PP
Great NNP B-NP
Western JJ I-NP
. . O

As IN B-SBAR
it PRP B-NP
turned VBD B-VP
out IN B-PRT
, , O
bank NN B-NP
employees NNS I-NP
were VBD B-VP
n't RB I-VP
hurt VBN I-VP
and CC O
the DT B-NP
vaults NNS I-NP
withstood VBD B-VP
the DT B-NP
jolts NNS I-NP
. . O

Still RB B-ADVP
, , O
says VBZ B-VP
Mr. NNP B-NP
Lee NNP I-NP
: : O
`` `` O
We PRP B-NP
need VBP B-VP
to TO I-VP
educate VB I-VP
people NNS B-NP
that IN B-SBAR
they PRP B-NP
need VBP B-VP
to TO I-VP
get VB I-VP
to TO B-PP
a DT B-NP
phone NN I-NP
somehow RB B-ADVP
, , O
some DT B-NP
way NN I-NP
, , O
to TO B-VP
let VB I-VP
someone NN B-NP
know NN B-VP
what WP B-NP
their PRP$ B-NP
status NN I-NP
is NNS B-VP
. . O
'' '' O

Some DT B-NP
companies NNS I-NP
are VBP B-VP
confident JJ B-ADJP
that IN B-SBAR
they PRP B-NP
're VBP B-VP
prepared VBN B-ADJP
. . O

Occidental NNP B-NP
Petroleum NNP I-NP
Corp. NNP I-NP
holds VBZ B-VP
regular JJ B-NP
evacuation NN I-NP
drills NNS I-NP
and CC O
stocks NNS B-VP
food NN B-NP
, , O
oxygen NN B-NP
and CC O
non-prescription JJ B-NP
drugs NNS I-NP
at IN B-PP
checkpoints NNS B-NP
in IN B-PP
its PRP$ B-NP
16-story JJ I-NP
headquarters NN I-NP
. . O

The DT B-NP
company NN I-NP
also RB B-ADVP
maintains VBZ B-VP
rechargeable JJ B-NP
flashlights NNS I-NP
in IN B-PP
offices NNS B-NP
and CC O
changes NNS B-VP
its PRP$ B-NP
standby JJ I-NP
supply NN I-NP
of IN B-PP
drinking NN B-NP
water NN I-NP
every DT B-NP
three CD I-NP
months NNS I-NP
. . O

`` `` O
We PRP B-NP
feel VBP B-VP
we PRP B-NP
are VBP B-VP
doing VBG I-VP
everything NN B-NP
we PRP B-NP
can MD B-VP
, , O
'' '' O
an DT B-NP
Occidental NNP I-NP
spokesman NN I-NP
says NNS B-VP
. . O

Walt NNP B-NP
Disney NNP I-NP
Co. NNP I-NP
's POS B-NP
Disneyland NNP I-NP
in IN B-PP
Anaheim NNP B-NP
, , O
Calif. NNP B-NP
, , O
stocks NNS B-VP
rescue NN B-NP
equipment NN I-NP
, , O
medical JJ B-NP
supplies NNS I-NP
, , O
and CC O
enough JJ B-NP
food NN I-NP
and CC I-NP
water NN I-NP
to TO B-VP
feed VB I-VP
at IN B-NP
least JJS I-NP
10,000 CD I-NP
visitors NNS I-NP
for IN B-PP
as RB B-ADVP
long RB I-ADVP
as IN B-PP
five CD B-NP
days NNS I-NP
in IN B-PP
the DT B-NP
event NN I-NP
that IN B-SBAR
a DT B-NP
calamity NN I-NP
isolates VBZ B-VP
the DT B-NP
theme NN I-NP
park NN I-NP
. . O

The DT B-NP
park NN I-NP
also RB B-ADVP
has VBZ B-VP
emergency NN B-NP
centers NNS I-NP
where WRB B-ADVP
specially RB B-NP
trained VBN I-NP
employees NNS I-NP
would MD B-VP
go VB I-VP
to TO B-VP
coordinate VB I-VP
evacuation NN B-NP
and CC I-NP
rescue NN I-NP
plans NNS I-NP
using VBG B-VP
walkie-talkies NNS B-NP
, , O
cellular JJ B-NP
phones NNS I-NP
, , O
and CC O
a DT B-NP
public-address JJ I-NP
system NN I-NP
. . O

The DT B-NP
centers NNS I-NP
are VBP B-VP
complete JJ B-ADJP
with IN B-PP
maps NNS B-NP
detailing VBG B-VP
utility NN B-NP
lines NNS I-NP
beneath IN B-PP
rides NNS B-NP
and CC O
`` `` O
safe JJ B-NP
havens NNS I-NP
'' '' O
where WRB B-ADVP
people NNS B-NP
can MD B-VP
be VB I-VP
assembled VBN I-VP
away RB B-ADVP
from IN B-PP
major JJ B-NP
structures NNS I-NP
. . O

Vista NNP B-NP
Chemical NNP I-NP
Co. NNP I-NP
, , O
with IN B-PP
three CD B-NP
chemical NN I-NP
plants NNS I-NP
in IN B-PP
and CC I-PP
near IN I-PP
Lake NNP B-NP
Charles NNP I-NP
, , O
La. NNP B-NP
, , O
`` `` O
prepares VBZ B-VP
for IN B-PP
every DT B-NP
hurricane NN I-NP
that WDT B-NP
enters VBZ B-VP
the DT B-NP
Gulf NNP I-NP
of IN B-PP
Mexico NNP B-NP
, , O
'' '' O
says VBZ B-VP
Keith NNP B-NP
L. NNP I-NP
Fogg NNP I-NP
, , O
a DT B-NP
company NN I-NP
safety NN I-NP
director NN I-NP
. . O

Hurricane NNP B-NP
Hugo NNP I-NP
, , O
an DT B-NP
Atlantic NNP I-NP
storm NN I-NP
, , O
did VBD B-VP
n't RB I-VP
affect VB I-VP
Vista NNP B-NP
. . O

But CC O
two CD B-NP
other JJ I-NP
major JJ I-NP
storms NNS I-NP
have VBP B-VP
threatened VBN I-VP
operations NNS B-NP
so RB B-ADVP
far RB I-ADVP
this DT B-NP
year NN I-NP
, , O
most RBS B-ADVP
recently RB I-ADVP
Hurricane NNP B-NP
Jerry NNP I-NP
this DT B-NP
week NN I-NP
. . O

Because IN B-SBAR
hurricanes NNS B-NP
can MD B-VP
change VB I-VP
course NN B-NP
rapidly RB B-ADVP
, , O
the DT B-NP
company NN I-NP
sends VBZ B-VP
employees NNS B-NP
home VBP B-ADVP
and CC O
shuts VBZ B-VP
down JJ O
operations NNS B-NP
in IN B-PP
stages NNS B-NP
-- : O
the DT O
closer JJR O
a DT B-NP
storm NN I-NP
gets VBZ B-VP
, , O
the DT O
more RBR B-ADJP
complete VB I-ADJP
the DT B-NP
shutdown NN I-NP
. . O

The DT B-NP
company NN I-NP
does VBZ B-VP
n't RB I-VP
wait VB I-VP
until IN B-PP
the DT B-NP
final JJ I-NP
hours NNS I-NP
to TO B-VP
get VB I-VP
ready JJ B-ADJP
for IN B-PP
hurricanes NNS B-NP
. . O

`` `` O
There EX B-NP
are VBP B-VP
just RB B-ADVP
tons NNS B-NP
of IN B-PP
things NNS B-NP
that WDT B-NP
have VBP B-VP
to TO I-VP
be VB I-VP
considered VBN I-VP
, , O
'' '' O
Mr. NNP B-NP
Fogg NNP I-NP
says VBZ B-VP
. . O

`` `` O
Empty JJ B-NP
tank NN I-NP
cars NNS I-NP
will MD B-VP
float VB I-VP
away RB B-ADVP
on IN B-PP
you PRP B-NP
if IN B-SBAR
you PRP B-NP
get VBP B-VP
a DT B-NP
big JJ I-NP
tidal JJ I-NP
surge NN I-NP
. . O
'' '' O

Still RB B-ADVP
, , O
Vista NNP B-NP
officials NNS I-NP
realize VBP B-VP
they PRP B-NP
're VBP B-VP
relatively RB B-ADJP
fortunate JJ I-ADJP
. . O

`` `` O
With IN B-PP
a DT B-NP
hurricane NN I-NP
you PRP B-NP
know VBP B-VP
it PRP B-NP
's VBZ B-VP
coming VBG I-VP
. . O

You PRP B-NP
have VBP B-VP
time NN B-NP
to TO B-VP
put VB I-VP
precautionary JJ B-NP
mechanisms NNS I-NP
in IN B-PP
place NN B-NP
, , O
'' '' O
notes VBZ B-VP
a DT B-NP
Vista NNP I-NP
spokeswoman NN I-NP
. . O

`` `` O
A DT B-NP
situation NN I-NP
like IN B-PP
San NNP B-NP
Francisco NNP I-NP
is VBZ B-VP
so RB B-ADJP
frightening JJ I-ADJP
because IN B-SBAR
there EX B-NP
's VBZ B-VP
no DT B-NP
warning NN I-NP
. . O

Former JJ B-NP
Democratic JJ I-NP
fund-raiser NN I-NP
Thomas NNP I-NP
M. NNP I-NP
Gaubert NNP I-NP
, , O
whose WP$ B-NP
savings NNS I-NP
and CC I-NP
loan NN I-NP
was VBD B-VP
wrested VBN I-VP
from IN B-PP
his PRP$ B-NP
control NN I-NP
by IN B-PP
federal JJ B-NP
thrift NN I-NP
regulators NNS I-NP
, , O
has VBZ B-VP
been VBN I-VP
granted VBN I-VP
court NN B-NP
permission NN I-NP
to TO B-VP
sue VB I-VP
the DT B-NP
regulators NNS I-NP
. . O

In IN B-PP
a DT B-NP
ruling NN I-NP
by IN B-PP
the DT B-NP
Fifth NNP I-NP
U.S. NNP I-NP
Circuit NNP I-NP
Court NNP I-NP
of IN B-PP
Appeals NNPS B-NP
in IN B-PP
New NNP B-NP
Orleans NNP I-NP
, , O
Mr. NNP B-NP
Gaubert NNP I-NP
received VBD B-VP
the DT B-NP
go-ahead NN I-NP
to TO B-VP
pursue VB I-VP
a DT B-NP
claim NN I-NP
against IN B-PP
the DT B-NP
Federal NNP I-NP
Home NNP I-NP
Loan NNP I-NP
Bank NNP I-NP
Board NNP I-NP
and CC O
the DT B-NP
Federal NNP I-NP
Home NNP I-NP
Loan NNP I-NP
Bank NNP I-NP
of IN B-PP
Dallas NNP B-NP
for IN B-PP
losses NNS B-NP
he PRP B-NP
suffered VBD B-VP
when WRB B-ADVP
the DT B-NP
Bank NNP I-NP
Board NNP I-NP
closed VBD B-VP
the DT B-NP
Independent NNP I-NP
American NNP I-NP
Savings NNP I-NP
Association NNP I-NP
of IN B-PP
Irving NNP B-NP
, , O
Texas NNP B-NP
. . O

Mr. NNP B-NP
Gaubert NNP I-NP
, , O
who WP B-NP
was VBD B-VP
chairman NN B-NP
and CC O
the DT B-NP
majority NN I-NP
stockholder NN I-NP
of IN B-PP
Independent NNP B-NP
American NNP I-NP
, , O
had VBD B-VP
relinquished VBN I-VP
his PRP$ B-NP
control NN I-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
federal JJ B-NP
regulators NNS I-NP
' POS B-NP
agreement NN I-NP
to TO B-VP
drop VB I-VP
their PRP$ B-NP
inquiry NN I-NP
into IN B-PP
his PRP$ B-NP
activities NNS I-NP
at IN B-PP
another DT B-NP
savings NNS I-NP
and CC I-NP
loan NN I-NP
. . O

As IN B-PP
part NN B-NP
of IN B-PP
the DT B-NP
agreement NN I-NP
, , O
Mr. NNP B-NP
Gaubert NNP I-NP
contributed VBD B-VP
real JJ B-NP
estate NN I-NP
valued VBN B-VP
at IN B-PP
$ $ B-NP
25 CD I-NP
million CD I-NP
to TO B-PP
the DT B-NP
assets NNS I-NP
of IN B-PP
Independent NNP B-NP
American NNP I-NP
. . O

While IN B-SBAR
under IN B-PP
the DT B-NP
control NN I-NP
of IN B-PP
federal JJ B-NP
regulators NNS I-NP
, , O
Independent NNP B-NP
American NNP I-NP
's POS B-NP
net JJ I-NP
worth NN I-NP
dropped VBD B-VP
from IN B-PP
$ $ B-NP
75 CD I-NP
million CD I-NP
to TO B-PP
a DT B-NP
negative JJ I-NP
$ $ I-NP
400 CD I-NP
million CD I-NP
, , O
wiping VBG B-VP
out IN B-PRT
the IN B-NP
value NN I-NP
of IN B-PP
Mr. NNP B-NP
Gaubert NNP I-NP
's POS B-NP
real JJ I-NP
estate NN I-NP
contribution NN I-NP
and CC O
his PRP$ B-NP
stock NN I-NP
in IN B-PP
the DT B-NP
institution NN I-NP
. . O

Mr. NNP B-NP
Gaubert NNP I-NP
's POS B-NP
suit NN I-NP
to TO B-VP
recover VB I-VP
his PRP$ B-NP
damages NNS I-NP
was VBD B-VP
dismissed VBN I-VP
last JJ B-NP
year NN I-NP
by IN B-PP
U.S. NNP B-NP
District NNP I-NP
Judge NNP I-NP
Robert NNP I-NP
Maloney NNP I-NP
of IN B-PP
Dallas NNP B-NP
under IN B-PP
the DT B-NP
Federal NNP I-NP
Tort NNP I-NP
Claims NNP I-NP
Act NNP I-NP
, , O
which WDT B-NP
offers VBZ B-VP
broad JJ B-NP
protection NN I-NP
for IN B-PP
actions NNS B-NP
by IN B-PP
federal JJ B-NP
agencies NNS I-NP
and CC I-NP
employees NNS I-NP
. . O

Earlier RBR B-NP
this DT I-NP
week NN I-NP
, , O
a DT B-NP
Fifth NNP I-NP
Circuit NNP I-NP
appellate JJ I-NP
panel NN I-NP
upheld VBD B-VP
Judge NNP B-NP
Maloney NNP I-NP
's POS B-NP
dismissal NN I-NP
of IN B-PP
Mr. NNP B-NP
Gaubert NNP I-NP
's POS B-NP
claim NN I-NP
as IN B-PP
a DT B-NP
shareholder NN I-NP
but CC O
said VBD B-VP
the DT B-NP
judge NN I-NP
should MD B-VP
reconsider VB I-VP
Mr. NNP B-NP
Gaubert NNP I-NP
's POS B-NP
claim NN I-NP
for IN B-PP
the DT B-NP
loss NN I-NP
of IN B-PP
his PRP$ B-NP
property NN I-NP
. . O

`` `` O
It PRP B-NP
may MD B-VP
depend VB I-VP
on IN B-PP
whether IN O
there EX B-NP
was VBD B-VP
an DT B-NP
express NN I-NP
or CC I-NP
implied VBN I-NP
promise NN I-NP
... : O
that IN B-SBAR
the DT B-NP
federal JJ I-NP
officials NNS I-NP
would MD B-VP
not RB I-VP
negligently RB I-VP
cause VBG I-VP
the DT B-NP
deterioration NN I-NP
'' '' O
of IN B-PP
Independent NNP B-NP
American NNP I-NP
, , O
the DT B-NP
court NN I-NP
wrote VBD B-VP
. . O

Mr. NNP B-NP
Gaubert NNP I-NP
's POS B-NP
lawyer NN I-NP
, , O
Abbe NNP B-NP
David NNP I-NP
Lowell NNP I-NP
of IN B-PP
Washington NNP B-NP
, , O
D.C. NNP B-NP
, , O
says VBZ B-VP
the DT B-NP
impact NN I-NP
of IN B-PP
the DT B-NP
ruling NN I-NP
on IN B-PP
other JJ B-NP
cases NNS I-NP
involving VBG B-VP
thrift NN B-NP
takeovers NNS I-NP
will MD B-VP
depend VB I-VP
on IN B-PP
the DT B-NP
degree NN I-NP
of IN B-PP
similarity NN B-NP
in IN B-PP
the DT B-NP
facts NNS I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
if IN B-SBAR
this DT B-NP
will MD B-VP
affect VB I-VP
one CD B-NP
institution NN I-NP
or CC O
a DT B-NP
hundred CD I-NP
, , O
'' '' O
Mr. NNP B-NP
Lowell NNP I-NP
says VBZ B-VP
. . O

`` `` O
It PRP B-NP
does VBZ B-VP
establish VB I-VP
a DT B-NP
very RB I-NP
clear JJ I-NP
precedent NN I-NP
for IN B-PP
suing VBG B-VP
the DT B-NP
FHLBB NNP I-NP
where WRB B-ADVP
there EX B-NP
was VBD B-VP
none NN B-NP
before IN B-ADVP
. . O
'' '' O

MAITRE'D NNP B-NP
CLAIMS VBZ B-VP
in IN B-PP
suit NN B-NP
that DT B-SBAR
restaurant NN B-NP
fired VBD B-VP
her PRP B-NP
because IN B-SBAR
she PRP B-NP
was VBD B-VP
pregnant JJ B-ADJP
. . O

In IN B-PP
a DT B-NP
suit NN I-NP
filed VBN B-VP
in IN B-PP
state NN B-NP
court NN I-NP
in IN B-PP
Manhattan NNP B-NP
, , O
the DT B-NP
American NNP I-NP
Civil NNP I-NP
Liberties NNP I-NP
Union NNP I-NP
is VBZ B-VP
representing VBG I-VP
the DT B-NP
former JJ I-NP
maitre NNP I-NP
'd MD I-NP
of IN B-PP
the DT B-NP
chic JJ I-NP
Odeon NNP I-NP
restaurant NN I-NP
. . O

The DT B-NP
suit NN I-NP
, , O
which WDT B-NP
seeks VBZ B-VP
compensatory JJ B-NP
and CC I-NP
punitive JJ I-NP
damages NNS I-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
million CD I-NP
, , O
alleges VBZ B-VP
that IN B-SBAR
the DT B-NP
firing NN I-NP
of IN B-PP
Marcia NNP B-NP
Trees NNP I-NP
Levine NNP I-NP
violated VBD B-VP
New NNP B-NP
York NNP I-NP
state NN I-NP
's POS B-NP
human-rights JJ I-NP
law NN I-NP
. . O

Among IN B-PP
other JJ B-NP
things NNS I-NP
, , O
the DT B-NP
law NN I-NP
prohibits VBZ B-VP
discrimination NN B-NP
on IN B-PP
the DT B-NP
basis NN I-NP
of IN B-PP
sex NN B-NP
and CC I-NP
pregnancy NN I-NP
. . O

The DT B-NP
suit NN I-NP
alleges VBZ B-VP
that IN B-SBAR
Ms. NNP B-NP
Levine NNP I-NP
was VBD B-VP
fired VBN I-VP
after IN B-SBAR
she PRP B-NP
refused VBD B-VP
to TO I-VP
accept VB I-VP
a DT B-NP
lower JJR I-NP
paying VBG I-NP
, , I-NP
less RBR I-NP
visible JJ I-NP
job NN I-NP
upon IN B-PP
reaching VBG B-VP
her PRP$ B-NP
sixth JJ I-NP
month NN I-NP
of IN B-PP
pregnancy NN B-NP
. . O

Ms. NNP B-NP
Levine NNP I-NP
told VBD B-VP
her PRP$ B-NP
employer NN I-NP
that IN B-SBAR
she PRP B-NP
was VBD B-VP
pregnant JJ B-ADJP
in IN B-PP
February NNP B-NP
; : O
a DT B-NP
month NN I-NP
later RB B-ADVP
, , O
the DT B-NP
suit NN I-NP
says VBZ B-VP
, , O
the DT B-NP
restaurant NN I-NP
manager NN I-NP
told VBD B-VP
Ms. NNP B-NP
Levine NNP I-NP
that IN B-SBAR
she PRP B-NP
would MD B-VP
be VB I-VP
demoted VBN I-VP
to TO B-PP
his PRP$ B-NP
assistant NN I-NP
because IN B-SBAR
he PRP B-NP
felt VBD B-VP
customers NNS B-NP
would MD B-VP
be VB I-VP
uncomfortable JJ B-ADJP
with IN B-PP
a DT B-NP
pregnant JJ I-NP
maitre NNP I-NP
'd MD I-NP
. . O

Kary NNP B-NP
Moss NNP I-NP
, , O
an DT B-NP
attorney NN I-NP
with IN B-PP
the DT B-NP
ACLU NNP I-NP
's POS B-NP
Women NNP I-NP
's POS B-NP
Rights NNP I-NP
Project NNP I-NP
, , O
said VBD B-VP
, , O
`` `` O
They PRP B-NP
wanted VBD B-VP
a DT B-NP
svelte-looking JJ I-NP
woman NN I-NP
, , O
and CC O
a DT B-NP
pregnant JJ I-NP
woman NN I-NP
is VBZ B-VP
not RB O
svelte JJ B-ADJP
. . O

They PRP B-NP
told VBD B-VP
her PRP$ B-NP
, , O
` `` O
We PRP B-NP
do VBP B-VP
n't RB I-VP
hire VB I-VP
fat JJ B-NP
people NNS I-NP
and CC O
we PRP B-NP
do VBP B-VP
n't RB I-VP
hire VB I-VP
cripples NNS B-NP
. . O

And CC O
pregnant JJ B-NP
women NNS I-NP
are VBP B-VP
fat JJ B-ADJP
. . O
' '' O
'' '' O

Ms. NNP B-NP
Moss NNP I-NP
said VBD B-VP
Ms. NNP B-NP
Levine NNP I-NP
secretly RB B-ADVP
taped VBD B-VP
many JJ B-NP
conversations NNS I-NP
with IN B-PP
her PRP$ B-NP
bosses NNS I-NP
at IN B-PP
the DT B-NP
Odeon NNP I-NP
in IN B-PP
which WDT B-NP
they PRP B-NP
told VBD B-VP
her PRP$ B-NP
she PRP B-NP
was VBD B-VP
being VBG I-VP
fired VBN I-VP
as IN B-PP
maitre NNP B-NP
'd MD I-NP
because IN B-SBAR
she PRP B-NP
was VBD B-VP
pregnant JJ B-ADJP
. . O

Paul NNP B-NP
H. NNP I-NP
Aloe NNP I-NP
, , O
an DT B-NP
attorney NN I-NP
for IN B-PP
Odeon NNP B-NP
owner NN I-NP
Keith NNP I-NP
McNally NNP I-NP
, , O
denied VBD B-VP
the DT B-NP
allegations NNS I-NP
. . O

He PRP B-NP
said VBD B-VP
Ms. NNP B-NP
Levine NNP I-NP
had VBD B-VP
never RB I-VP
been VBN I-VP
fired VBN I-VP
, , O
although IN B-SBAR
she PRP B-NP
had VBD B-VP
stopped VBN I-VP
working VBG I-VP
at IN B-PP
the DT B-NP
restaurant NN I-NP
. . O

`` `` O
The DT B-NP
Odeon NNP I-NP
made VBD B-VP
a DT B-NP
written VBN I-NP
offer NN I-NP
to TO B-PP
Marcia NNP B-NP
Levine NNP I-NP
on IN B-PP
July NNP B-NP
10 CD I-NP
to TO B-VP
return VB I-VP
to TO B-PP
work VB B-NP
as IN B-PP
the DT B-NP
maitre NNP I-NP
'd MD I-NP
, , O
at IN B-PP
the DT B-NP
same JJ I-NP
pay NN I-NP
, , I-NP
same JJ I-NP
hours NNS I-NP
and CC B-PP
with IN B-PP
back JJ B-NP
pay NN I-NP
accrued VBN B-VP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Mr. NNP B-NP
Aloe NNP I-NP
said VBD B-VP
the DT B-NP
Odeon NNP I-NP
`` `` O
has VBZ B-VP
no DT B-NP
policy NN I-NP
against IN B-PP
hiring VBG B-VP
pregnant JJ B-NP
people NNS I-NP
. . O
'' '' O

LAWYERS NNS B-NP
IN IN B-PP
Texas NNP B-NP
's POS B-NP
biggest JJS I-NP
bank-fraud NN I-NP
case NN I-NP
want VBP B-VP
out IN B-ADVP
in IN B-PP
face NN B-NP
of IN B-PP
retrial NN B-NP
. . O

Lawyers NNS B-NP
representing VBG B-VP
five CD B-NP
of IN B-PP
the DT B-NP
seven CD I-NP
defendants NNS I-NP
in IN B-PP
the DT B-NP
case NN I-NP
say VBP B-VP
their PRP$ B-NP
clients NNS I-NP
can MD B-VP
no RB I-VP
longer RB I-VP
afford VB I-VP
their PRP$ B-NP
services NNS I-NP
. . O

The DT B-NP
trial NN I-NP
of IN B-PP
the DT B-NP
case NN I-NP
lasted VBD B-VP
seven CD B-NP
months NNS I-NP
and CC O
ended VBD B-VP
in IN B-PP
September NNP B-NP
with IN B-PP
a DT B-NP
hung VBN I-NP
jury NN I-NP
. . O

The DT B-NP
defendants NNS I-NP
were VBD B-VP
indicted VBN I-VP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
on IN B-PP
charges NNS B-NP
that IN B-SBAR
they PRP B-NP
conspired VBD B-VP
to TO I-VP
defraud VB I-VP
five CD B-NP
thrifts NNS I-NP
of IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
130 CD I-NP
million CD I-NP
through IN B-PP
a DT B-NP
complicated VBN I-NP
scheme NN I-NP
to TO B-VP
inflate VB I-VP
the DT B-NP
price NN I-NP
of IN B-PP
land NN B-NP
and CC I-NP
condominium NN I-NP
construction NN I-NP
along IN B-PP
Interstate NNP B-NP
30 CD I-NP
, , O
east NN B-ADVP
of IN B-PP
Dallas NNP B-NP
. . O

The DT B-NP
defense NN I-NP
lawyers NNS I-NP
, , O
three CD B-NP
of IN B-PP
whom WP B-NP
are VBP B-VP
solo NN B-NP
practitioners NNS I-NP
, , O
say VBP B-VP
they PRP B-NP
ca MD B-VP
n't RB I-VP
afford VB I-VP
to TO I-VP
put VB I-VP
their PRP$ B-NP
law NN I-NP
practices NNS I-NP
on IN B-PP
hold NN B-NP
for IN B-PP
another DT B-NP
seven-month JJ I-NP
trial NN I-NP
. . O

Some DT B-NP
of IN B-PP
the DT B-NP
lawyers NNS I-NP
say VBP B-VP
they PRP B-NP
would MD B-VP
continue VB I-VP
to TO I-VP
represent VB I-VP
their PRP$ B-NP
clients NNS I-NP
if IN B-SBAR
the DT B-NP
government NN I-NP
pays VBZ B-VP
their PRP$ B-NP
tab NN I-NP
as IN B-PP
court-appointed JJ B-NP
lawyers NNS I-NP
. . O

Assistant NNP B-NP
U.S. NNP I-NP
Attorney NNP I-NP
Terry NNP I-NP
Hart NNP I-NP
of IN B-PP
Dallas NNP B-NP
says VBZ B-VP
the DT B-NP
government NN I-NP
will MD B-VP
oppose VB I-VP
any DT B-NP
efforts NNS I-NP
to TO B-VP
bring VB I-VP
in IN B-PRT
a DT B-NP
new JJ I-NP
defense NN I-NP
team NN I-NP
because IN B-SBAR
it PRP B-NP
would MD B-VP
delay VB I-VP
a DT B-NP
retrial NN I-NP
. . O

FEDERAL JJ B-NP
JUDGE NNP I-NP
ALCEE NNP I-NP
HASTINGS NNP I-NP
of IN B-PP
Florida NNP B-NP
, , O
facing VBG B-VP
impeachment NN B-NP
, , O
received VBD B-VP
an DT B-NP
unanticipated JJ I-NP
boost NN I-NP
yesterday NN B-NP
. . O

Sen. NNP B-NP
Arlen NNP I-NP
Specter NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Pa NNP B-NP
. . O
-RRB- ) O
urged VBD B-VP
acquittal NN B-NP
of IN B-PP
the DT B-NP
judge NN I-NP
in IN B-PP
a DT B-NP
brief NN I-NP
circulated VBD B-VP
to TO B-PP
his PRP$ B-NP
Senate NNP I-NP
colleagues NNS I-NP
during IN B-PP
closed-door JJ B-NP
deliberations NNS I-NP
. . O

Among IN B-PP
other JJ B-NP
things NNS I-NP
, , O
the DT B-NP
brief NN I-NP
cited VBD B-VP
insufficient JJ B-NP
evidence NN I-NP
. . O

Sen. NNP B-NP
Specter NNP I-NP
was VBD B-VP
vice NN B-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
impeachment NN I-NP
trial NN I-NP
committee NN I-NP
that WDT B-NP
heard VBD B-VP
evidence NN B-NP
in IN B-PP
the DT B-NP
Hastings NNP I-NP
case NN I-NP
last JJ B-NP
summer NN I-NP
. . O

A DT B-NP
former JJ I-NP
prosecutor NN I-NP
and CC I-NP
member NN I-NP
of IN B-PP
the DT B-NP
Senate NNP I-NP
Judiciary NNP I-NP
Committee NNP I-NP
, , O
Sen. NNP B-NP
Specter NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
exercise VB I-VP
influence NN B-NP
when WRB B-ADVP
the DT B-NP
Senate NNP I-NP
votes NNS B-VP
on IN B-PP
the DT B-NP
impeachment NN I-NP
today NN B-NP
. . O

RICHMOND NNP B-NP
RESIGNATIONS NNS I-NP
: : O

Six CD B-NP
partners NNS I-NP
in IN B-PP
the DT B-NP
Richmond NNP I-NP
, , I-NP
Va. NNP I-NP
, , I-NP
firm NN I-NP
of IN B-PP
Browder NNP B-NP
, , I-NP
Russell NNP I-NP
, , I-NP
Morris NNP I-NP
& CC I-NP
Butcher NNP I-NP
announced VBD B-VP
they PRP B-NP
are VBP B-VP
resigning VBG I-VP
. . O

Five CD B-NP
of IN B-PP
the DT B-NP
partners NNS I-NP
-- : O
James NNP B-NP
W. NNP I-NP
Morris NNP I-NP
, , O
Philip NNP B-NP
B. NNP I-NP
Morris NNP I-NP
, , O
Robert NNP B-NP
M. NNP I-NP
White NNP I-NP
, , O
Ann NNP B-NP
Adams NNP I-NP
Webster NNP I-NP
and CC O
Jacqueline NNP B-NP
G. NNP I-NP
Epps NNP I-NP
-- : O
are VBP B-VP
opening VBG I-VP
a DT B-NP
boutique NN I-NP
in IN B-PP
Richmond NNP B-NP
to TO B-VP
concentrate VB I-VP
on IN B-PP
corporate JJ B-NP
defense NN I-NP
litigation NN I-NP
, , O
particularly RB B-ADVP
in IN B-PP
product NN B-NP
liability NN I-NP
cases NNS I-NP
. . O

The DT B-NP
sixth JJ I-NP
partner NN I-NP
, , O
John NNP B-NP
H. NNP I-NP
OBrion NNP I-NP
, , I-NP
Jr. NNP I-NP
, , O
is VBZ B-VP
joining VBG I-VP
Cowan NNP B-NP
& CC I-NP
Owen NNP I-NP
, , O
a DT B-NP
smaller JJR I-NP
firm NN I-NP
outside IN B-PP
Richmond NNP B-NP
. . O

LAW NN B-NP
FIRM NN I-NP
NOTES NNS I-NP
: : O

Nixon NNP B-NP
, , I-NP
Hargrave NNP I-NP
, , I-NP
Devans NNP I-NP
& CC I-NP
Doyle NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Rochester NNP B-NP
, , O
N.Y. NNP B-NP
, , O
has VBZ B-VP
opened VBN I-VP
an DT B-NP
office NN I-NP
in IN B-PP
Buffalo NNP B-NP
, , O
N.Y NNP B-NP
... : O
. . O

Mayer NNP B-NP
, , I-NP
Brown NNP I-NP
& CC I-NP
Platt NNP I-NP
, , O
Chicago NNP B-NP
, , O
added VBD B-VP
two CD B-NP
partners NNS I-NP
to TO B-PP
its PRP$ B-NP
Houston NNP I-NP
office NN I-NP
, , O
Eddy NNP B-NP
J. NNP I-NP
Roger NNP I-NP
Jr. NNP I-NP
, , O
and CC O
Jeff NNP B-NP
C. NNP I-NP
Dodd NNP I-NP
... : O
. . O

Copyright NN B-NP
specialist NN I-NP
Neil NNP I-NP
Boorstyn NNP I-NP
, , O
who WP B-NP
writes VBZ B-VP
the DT B-NP
monthly JJ I-NP
Copyright NNP I-NP
Law NNP I-NP
Journal NNP I-NP
newsletter NN I-NP
, , O
is VBZ B-VP
joining VBG I-VP
McCutchen NNP B-NP
, , I-NP
Doyle NNP I-NP
, , I-NP
Brown NNP I-NP
& CC I-NP
Enersen NNP I-NP
. . O

New NNP B-NP
York NNP I-NP
Times NNP I-NP
Co. NNP I-NP
's POS B-NP
third-quarter JJ I-NP
earnings NNS I-NP
report NN I-NP
is VBZ B-VP
reinforcing VBG I-VP
analysts NNS B-NP
' POS B-NP
belief NN I-NP
that IN B-SBAR
newspaper NN B-NP
publishers NNS I-NP
will MD B-VP
be VB I-VP
facing VBG I-VP
continued VBN B-NP
poor JJ I-NP
earnings NNS I-NP
comparisons NNS I-NP
through IN B-PP
1990 CD B-NP
. . O

The DT B-NP
publisher NN I-NP
was VBD B-VP
able JJ B-ADJP
to TO B-VP
register VB I-VP
soaring VBG B-NP
quarter NN I-NP
net JJ I-NP
income NN I-NP
because IN B-PP
of IN I-PP
a DT B-NP
onetime JJ I-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
cable-TV NN I-NP
system NN I-NP
. . O

However RB B-ADVP
, , O
operating VBG B-NP
profit NN I-NP
fell VBD B-VP
35 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
16.4 CD I-NP
million CD I-NP
. . O

The DT B-NP
decline NN I-NP
reflected VBD B-VP
the DT B-NP
expense NN I-NP
of IN B-PP
buying VBG B-VP
three CD B-NP
magazines NNS I-NP
, , O
lower JJR B-NP
earnings NNS I-NP
from IN B-PP
the DT B-NP
forest-products NNS I-NP
group VBP I-NP
, , O
and CC O
what WP B-NP
is VBZ B-VP
proving VBG I-VP
to TO I-VP
be VB I-VP
a DT B-NP
nagging JJ I-NP
major JJ I-NP
problem NN I-NP
, , O
continued VBD B-NP
declines NNS I-NP
in IN B-PP
advertising NN B-NP
linage NN I-NP
at IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Times NNP I-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
flagship NN I-NP
daily JJ I-NP
newspaper NN I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
American NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
Times NNP I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
28.125 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
37.5 CD B-NP
cents NNS I-NP
. . O

Analysts NNS B-NP
said VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
troubles NNS I-NP
mirror VBP B-VP
those DT B-NP
of IN B-PP
the DT B-NP
industry NN I-NP
. . O

Retail JJ B-NP
advertising NN I-NP
, , O
which WDT B-NP
often RB B-ADVP
represents VBZ B-VP
half NN B-NP
of IN B-PP
the DT B-NP
advertising NN I-NP
volume NN I-NP
at IN B-PP
most RBS B-NP
daily JJ I-NP
newspapers NNS I-NP
, , O
largely RB B-ADVP
is VBZ B-VP
n't RB I-VP
rebounding VBG I-VP
in IN B-PP
the DT B-NP
second JJ I-NP
half NN I-NP
from IN B-PP
extended VBN B-NP
doldrums NNS I-NP
as IN B-SBAR
expected VBN B-VP
. . O

At IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
newspapers NNS B-NP
are VBP B-VP
bedeviled VBN I-VP
by IN B-PP
lagging VBG B-NP
national JJ I-NP
advertising NN I-NP
, , O
especially RB B-ADVP
in IN B-PP
its PRP$ B-NP
financial JJ I-NP
component NN I-NP
. . O

Dow NNP B-NP
Jones NNP I-NP
& CC I-NP
Co. NNP I-NP
recently RB B-ADVP
reported VBD B-VP
net NN B-NP
fell VBD B-VP
9.9 CD B-NP
% NN I-NP
, , O
a DT B-NP
reflection NN I-NP
, , O
in IN B-PP
part NN B-NP
, , O
of IN B-PP
continued VBN B-NP
softness NN I-NP
in IN B-PP
financial JJ B-NP
advertising NN I-NP
at IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
and CC O
Barron NNP B-NP
's POS B-NP
magazine NN I-NP
. . O

`` `` O
We PRP B-NP
expect VBP B-VP
next JJ B-NP
year NN I-NP
to TO B-VP
be VB I-VP
a DT B-NP
fairly RB I-NP
soft JJ I-NP
year NN I-NP
in IN B-PP
newspaper-industry JJ B-NP
advertising NN I-NP
, , O
'' '' O
said VBD B-VP
John NNP B-NP
Morton NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
for IN B-PP
Lynch NNP B-NP
, , I-NP
Jones NNP I-NP
& CC I-NP
Ryan NNP I-NP
. . O

`` `` O
Next JJ B-NP
year NN I-NP
, , O
earnings NNS B-NP
will MD B-VP
hold VB I-VP
steady JJ B-ADJP
, , O
but CC O
we PRP B-NP
just RB B-ADVP
do VBP B-VP
n't RB I-VP
see VB I-VP
a DT B-NP
big JJ I-NP
turnaround NN I-NP
in IN B-PP
the DT B-NP
trend NN I-NP
in IN B-PP
advertising NN B-NP
. . O
'' '' O

John NNP B-NP
S. NNP I-NP
Reidy NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
for IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc. NNP I-NP
, , O
said VBD B-VP
, , O
`` `` O
The DT B-NP
Times NNP I-NP
faces VBZ B-VP
the DT B-NP
same JJ I-NP
problem NN I-NP
of IN B-PP
other JJ B-NP
publishers NNS I-NP
: : O
linage NN B-NP
is VBZ B-VP
down RB B-ADVP
. . O

It PRP B-NP
will MD B-VP
be VB I-VP
hard JJ B-ADJP
to TO B-VP
do VB I-VP
handstands NNS B-NP
until IN B-SBAR
real JJ B-NP
linage NN I-NP
starts VBZ B-VP
heading VBG I-VP
back RB B-ADVP
up IN I-ADVP
. . O
'' '' O

In IN B-PP
the DT B-NP
quarterly JJ I-NP
report NN I-NP
, , O
Arthur NNP B-NP
Ochs NNP I-NP
Sulzberger NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
Times NNP I-NP
Co. NNP I-NP
chairman NN I-NP
and CC I-NP
chief JJ I-NP
executive JJ I-NP
officer NN I-NP
, , O
said VBD B-VP
negative JJ B-NP
factors NNS I-NP
affecting VBG B-VP
third-quarter JJ B-NP
earnings NNS I-NP
will MD B-VP
continue VB I-VP
. . O

Analysts NNS B-NP
agreed VBD B-VP
with IN B-PP
company NN B-NP
expectations NNS I-NP
that IN B-SBAR
operating VBG B-NP
profit NN I-NP
will MD B-VP
be VB I-VP
down RP B-ADVP
this DT B-NP
year NN I-NP
and CC O
in IN B-PP
1990 CD B-NP
. . O

Mr. NNP B-NP
Sulzberger NNP I-NP
said VBD B-VP
the DT B-NP
scheduled VBN I-NP
opening NN I-NP
of IN B-PP
a DT B-NP
new JJ I-NP
color-printing JJ I-NP
plant NN I-NP
in IN B-PP
Edison NNP B-NP
, , O
N.J. NNP B-NP
, , O
in IN B-PP
1990 CD B-NP
would MD B-VP
involve VB I-VP
heavy JJ B-NP
startup NN I-NP
and CC I-NP
depreciation NN I-NP
costs NNS I-NP
. . O

`` `` O
With IN B-PP
the DT B-NP
Edison NNP I-NP
plant NN I-NP
coming VBG B-VP
on IN B-PP
line NN B-NP
next JJ B-NP
summer NN I-NP
, , O
the DT B-NP
Times NNP I-NP
is VBZ B-VP
facing VBG I-VP
some DT B-NP
tough JJ I-NP
earnings NNS I-NP
comparison NN I-NP
in IN B-PP
the DT B-NP
future NN I-NP
, , O
'' '' O
said VBD B-VP
Peter NNP B-NP
Appert NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
C.J. NNP B-NP
Lawrence NNP I-NP
, , I-NP
Morgan NNP I-NP
Grenfell NNP I-NP
. . O

`` `` O
But CC O
many JJ B-NP
newspapers NNS I-NP
are VBP B-VP
facing VBG I-VP
similar JJ B-NP
comparisons NNS I-NP
. . O
'' '' O

The DT B-NP
sale NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
cable NN I-NP
franchise NN I-NP
brought VBD B-VP
an DT B-NP
after-tax JJ I-NP
gain NN I-NP
of IN B-PP
$ $ B-NP
193.3 CD I-NP
million CD I-NP
, , O
part NN B-NP
of IN B-PP
which WDT B-NP
will MD B-VP
be VB I-VP
used VBN I-VP
to TO B-VP
reduce VB I-VP
debt NN B-NP
. . O

The DT B-NP
company NN I-NP
also RB B-ADVP
has VBZ B-VP
a DT B-NP
stock-repurchase JJ I-NP
plan NN I-NP
. . O

Analysts NNS B-NP
said VBD B-VP
they PRP B-NP
were VBD B-VP
impressed VBN I-VP
by IN B-PP
the DT B-NP
performance NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
newspaper NN I-NP
group NN I-NP
, , O
which WDT B-NP
consists VBZ B-VP
of IN B-PP
the DT B-NP
Times NNP I-NP
, , O
35 CD B-NP
regional JJ I-NP
newspapers NNS I-NP
and CC O
a DT B-NP
one-third NN I-NP
interest NN I-NP
in IN B-PP
the DT B-NP
International NNP I-NP
Herald NNP I-NP
Tribune NNP I-NP
; : O
group NN B-NP
operating VBG I-NP
profit NN I-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
increased VBN B-VP
slightly RB B-ADVP
to TO B-PP
$ $ B-NP
34.9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
34.5 CD I-NP
million CD I-NP
on IN B-PP
flat JJ B-NP
revenue NN I-NP
. . O

Drexel NNP B-NP
Burnham NNP I-NP
's POS B-NP
Mr. NNP I-NP
Reidy NNP I-NP
pointed VBD B-VP
out RP B-PRT
that IN B-SBAR
`` `` O
profits NNS B-NP
held VBN B-VP
up IN B-PRT
in IN B-PP
a DT B-NP
tough JJ I-NP
revenue NN I-NP
environment NN I-NP
. . O

That DT B-NP
's VBZ B-VP
a DT B-NP
good JJ I-NP
sign NN I-NP
when WRB B-ADVP
profits NNS B-NP
are VBP B-VP
stable JJ B-ADJP
during IN B-PP
a DT B-NP
time NN I-NP
revenue NN B-NP
is VBZ B-VP
in IN B-PP
the DT B-NP
trough NN I-NP
. . O

Investors NNS B-NP
celebrated VBD B-VP
the DT B-NP
second JJ I-NP
anniversary NN I-NP
of IN B-PP
Black NNP B-NP
Monday NNP I-NP
with IN B-PP
a DT B-NP
buying VBG I-NP
spree NN I-NP
in IN B-PP
both DT B-NP
stocks NNS I-NP
and CC I-NP
bonds NNS I-NP
. . O

But CC O
the DT B-NP
dollar NN I-NP
was VBD B-VP
mixed VBN B-ADJP
. . O

Stock NNP B-NP
and CC I-NP
bond NN I-NP
investors NNS I-NP
were VBD B-VP
cheered VBN I-VP
by IN B-PP
last JJ B-NP
month NN I-NP
's POS B-NP
encouragingly RB B-ADJP
low JJ I-ADJP
inflation NN B-NP
rate NN I-NP
. . O

This DT B-NP
news NN I-NP
raised VBN B-VP
hopes VBZ B-NP
for IN B-PP
further JJ B-NP
interest-rate NN I-NP
cuts NNS I-NP
. . O

Treasury-bond JJ B-NP
prices NNS I-NP
immediately RB B-ADVP
rallied VBD B-VP
, , O
setting VBG B-VP
the DT B-NP
stock NN I-NP
market NN I-NP
rolling VBG B-VP
from IN B-PP
the DT B-NP
opening NN I-NP
bell NN I-NP
. . O

The DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
, , O
up IN B-ADVP
about IN B-NP
60 CD I-NP
points NNS I-NP
in IN B-PP
mid-afternoon JJ B-NP
, , O
finished VBD B-VP
with IN B-PP
a DT B-NP
gain NN I-NP
of IN B-PP
39.55 CD B-NP
points NNS I-NP
, , O
to TO B-PP
2683.20 CD B-NP
. . O

That DT B-NP
brought VBN B-VP
the DT B-NP
average NN I-NP
's POS B-NP
cumulative JJ I-NP
gain NN I-NP
this DT B-NP
week NN I-NP
to TO B-PP
about IN B-NP
114 CD I-NP
points NNS I-NP
. . O

Since IN B-PP
the DT B-NP
1987 CD I-NP
crash NN I-NP
, , O
the DT B-NP
industrials NNS I-NP
have VBP B-VP
soared VBN I-VP
more JJR B-NP
than IN I-NP
54 CD I-NP
% NN I-NP
, , O
and CC O
the DT B-NP
widely RB I-NP
watched VBN I-NP
market NN I-NP
barometer NN I-NP
is VBZ B-VP
about IN B-NP
4 CD I-NP
% NN I-NP
below IN B-PP
its PRP$ B-NP
record NN I-NP
high RB I-NP
set VBD B-VP
earlier RBR B-NP
this DT I-NP
month NN I-NP
. . O

The DT B-NP
stock-market NN I-NP
rally NN I-NP
was VBD B-VP
led VBN I-VP
by IN B-PP
blue-chip JJ B-NP
issues NNS I-NP
, , O
but CC O
, , O
unlike IN B-PP
Monday NNP B-NP
's POS B-NP
rebound NN I-NP
, , B-VP
was VBD I-VP
broadly RB B-ADJP
based VBN I-ADJP
. . O

Indeed RB B-ADVP
, , O
over-the-counter JJ B-NP
stocks NNS I-NP
, , O
led VBN B-VP
by IN B-PP
technology NN B-NP
issues NNS I-NP
, , O
outleaped VBD B-VP
the DT B-NP
industrial JJ I-NP
average NN I-NP
. . O

The DT B-NP
Nasdaq NNP I-NP
Composite NNP I-NP
Index NNP I-NP
soared VBD B-VP
7.52 CD B-NP
, , O
or CC O
1.6 CD B-NP
% NN I-NP
, , O
to TO B-PP
470.80 CD B-NP
, , O
its PRP$ B-NP
highest JJS I-NP
one-day JJ I-NP
jump NN I-NP
in IN B-PP
points VBZ B-NP
this DT B-NP
year NN I-NP
. . O

Many JJ B-NP
takeover-related JJ I-NP
stocks NNS I-NP
rose VBD B-VP
after IN B-PP
news NN B-NP
that IN B-SBAR
a DT B-NP
group NN I-NP
obtained VBD B-VP
financing NN B-NP
commitments NNS I-NP
for IN B-PP
the DT B-NP
proposed VBN I-NP
buy-out NN I-NP
of IN B-PP
American NNP B-NP
Medical NNP I-NP
International NNP I-NP
Inc NNP I-NP
. . O

Among IN B-PP
the DT B-NP
biggest JJS I-NP
winners NNS I-NP
were VBD B-VP
brokerage-house NN B-NP
stocks NNS I-NP
, , O
responding VBG B-VP
to TO B-PP
heavy JJ B-NP
trading NN I-NP
volume NN I-NP
. . O

The DT B-NP
government NN I-NP
said VBD B-VP
consumer NN B-NP
prices NNS I-NP
rose VBD B-VP
only RB B-NP
0.2 CD I-NP
% NN I-NP
last JJ B-NP
month NN I-NP
. . O

Economists NNS B-NP
expected VBN B-VP
twice RB B-NP
as IN I-NP
large JJ I-NP
an DT I-NP
increase NN I-NP
. . O

That DT B-NP
news NN I-NP
, , O
plus CC B-PP
recent JJ B-NP
signs NNS I-NP
of IN B-PP
economic JJ B-NP
sluggishness NN I-NP
, , O
greatly RB B-ADVP
increases NNS B-VP
pressure VBP B-NP
on IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
to TO B-VP
ease VB I-VP
credit NN B-NP
further RBR B-ADVP
, , O
which WDT B-NP
in IN B-PP
turn NN B-NP
would MD B-VP
be VB I-VP
good JJ B-NP
news NN I-NP
for IN B-PP
stocks NNS B-NP
, , O
investment NN B-NP
managers NNS I-NP
say VBP B-VP
. . O

`` `` O
I PRP B-NP
see VBP B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
evidence NN B-NP
indicating VBG B-VP
a DT B-NP
slower JJR I-NP
economy NN I-NP
, , O
and CC O
that DT B-NP
means VBZ B-VP
my PRP$ B-NP
interest-rate NN I-NP
outlook NN I-NP
has VBZ B-VP
a DT B-NP
downward JJ I-NP
tilt NN I-NP
, , O
'' '' O
said VBD B-VP
Garnett NNP B-NP
L. NNP I-NP
Keith NNP I-NP
Jr. NNP I-NP
, , O
vice NN B-NP
chairman NN I-NP
of IN B-PP
Prudential NNP B-NP
Insurance NNP I-NP
Co. NNP I-NP
of IN B-PP
America NNP B-NP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
largest JJS I-NP
institutional JJ I-NP
investors NNS I-NP
. . O

Fed JJ B-NP
officials NNS I-NP
probably RB B-ADVP
wo MD B-VP
n't RB I-VP
drive VB I-VP
down RB B-ADVP
rates VBZ B-NP
immediately RB B-ADVP
, , O
Mr. NNP B-NP
Keith NNP I-NP
said VBD B-VP
. . O

Despite IN B-PP
the DT B-NP
inflation NN I-NP
news NN I-NP
, , O
several JJ B-NP
Fed NNP I-NP
officials NNS I-NP
still JJ B-ADVP
fear NN B-VP
consumer-price JJ B-NP
pressures NNS I-NP
will MD B-VP
intensify VB I-VP
because IN B-SBAR
they PRP B-NP
insist VBP B-VP
the DT B-NP
economy NN I-NP
is VBZ B-VP
stronger JJR B-ADJP
than IN B-SBAR
generally RB B-ADVP
believed VBD B-VP
. . O

But CC O
Wall NNP B-NP
Street NNP I-NP
analysts NNS I-NP
expect VBP B-VP
further JJ B-NP
signs NNS I-NP
of IN B-PP
economic JJ B-NP
weakness NN I-NP
in IN B-PP
government NN B-NP
reports NNS I-NP
during IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
weeks NNS I-NP
. . O

If IN B-SBAR
so RB B-ADVP
, , O
that WDT B-NP
will MD B-VP
cinch VB I-VP
the DT B-NP
case NN I-NP
for IN B-PP
another DT B-NP
shot NN I-NP
of IN B-PP
credit-easing JJ B-NP
within IN B-PP
a DT B-NP
month NN I-NP
or CC I-NP
so RB I-NP
. . O

That DT B-NP
, , O
in IN B-PP
turn NN B-NP
, , O
is VBZ B-VP
expected VBN I-VP
to TO I-VP
persuade VB I-VP
banks NNS B-NP
to TO B-VP
cut VB I-VP
their PRP$ B-NP
prime JJ I-NP
lending NN I-NP
rate NN I-NP
, , O
a DT B-NP
benchmark NN I-NP
rate NN I-NP
on IN B-PP
many JJ B-NP
corporate JJ I-NP
and CC I-NP
consumer NN I-NP
loans NNS I-NP
, , O
by IN B-PP
half PDT B-NP
a DT I-NP
percentage NN I-NP
point NN I-NP
, , O
to TO B-PP
10 CD B-NP
% NN I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
not RB O
out IN B-PP
of IN B-PP
the DT B-NP
woods NNS I-NP
yet RB B-ADVP
by IN B-PP
any DT B-NP
means VBZ I-NP
, , O
'' '' O
said VBD B-VP
George NNP B-NP
R. NNP I-NP
Mateyo NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
of IN B-PP
Carnegie NNP B-NP
Capital NNP I-NP
Management NNP I-NP
Co. NNP I-NP
, , O
Cleveland NNP B-NP
. . O

But CC O
the DT B-NP
economy NN I-NP
`` `` O
is VBZ B-VP
slowing VBG I-VP
enough RB B-ADVP
to TO B-VP
give VB I-VP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
leeway NN B-NP
to TO B-VP
reduce VB I-VP
interest NN B-NP
rates NNS I-NP
. . O
'' '' O

But CC O
many JJ B-NP
individual JJ I-NP
investors NNS I-NP
are VBP B-VP
leery JJ B-ADJP
about IN B-PP
stocks NNS B-NP
because IN B-PP
of IN I-PP
fresh JJ B-NP
signs NNS I-NP
of IN B-PP
fragility NN B-NP
in IN B-PP
the DT B-NP
huge JJ I-NP
junk-bond NN I-NP
market NN I-NP
. . O

Investors NNS B-NP
also RB B-ADVP
are VBP B-VP
anxious JJ B-ADJP
about IN B-PP
today NN B-NP
's POS B-NP
`` `` I-NP
witching JJ I-NP
hour NN I-NP
, , O
'' '' O
the DT B-NP
monthly JJ I-NP
expiration NN I-NP
of IN B-PP
stock-index NN B-NP
futures NNS I-NP
and CC I-NP
options NNS I-NP
, , O
and CC O
options NNS B-NP
on IN B-PP
individual JJ B-NP
stocks NNS I-NP
. . O

This DT B-NP
phenomenon NN I-NP
often RB B-ADVP
makes VBZ B-VP
stock NN B-NP
prices NNS I-NP
swing VBP B-VP
wildly RB B-ADVP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
trading NN I-NP
session NN I-NP
. . O

In IN B-PP
major JJ B-NP
market NN I-NP
activity NN I-NP
: : O
Stock NNP B-NP
prices NNS I-NP
surged VBD B-VP
in IN B-PP
heavy JJ B-NP
trading NN I-NP
. . O

Volume NN B-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
rose VBD B-VP
to TO B-PP
198.1 CD B-NP
million CD I-NP
shares NNS I-NP
from IN B-PP
166.9 CD B-NP
million CD I-NP
Wednesday NNP B-NP
. . O

Gaining VBG B-NP
Big NNP I-NP
Board NNP I-NP
issues NNS I-NP
outnumbered VBD B-VP
decliners NNS B-NP
by IN B-PP
1,235 CD B-NP
to TO O
355 CD B-NP
. . O

The DT B-NP
dollar NN I-NP
was VBD B-VP
mixed VBN B-ADJP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
late JJ B-NP
yesterday NN I-NP
, , O
it PRP B-NP
was VBD B-VP
at IN B-PP
141.70 CD B-NP
yen NN I-NP
, , O
up IN B-ADVP
from IN B-PP
141.45 CD B-NP
yen NN I-NP
late JJ B-NP
Wednesday NNP I-NP
. . O

But CC O
it PRP B-NP
fell VBD B-VP
to TO B-PP
1.8470 CD B-NP
marks NNS I-NP
from IN B-PP
1.8485 CD B-NP
. . O

Tuesday NNP B-NP
's POS B-NP
rout NN I-NP
of IN B-PP
a DT B-NP
GOP NNP I-NP
congressional JJ I-NP
hopeful NN I-NP
in IN B-PP
a DT B-NP
Mississippi NNP I-NP
district NN I-NP
that WDT B-NP
has VBZ B-VP
n't RB I-VP
backed VBN I-VP
a DT B-NP
Democratic JJ I-NP
presidential JJ I-NP
candidate NN I-NP
since IN B-PP
Adlai NNP B-NP
Stevenson NNP I-NP
is VBZ B-VP
another DT B-NP
reminder NN I-NP
that IN B-SBAR
, , O
at IN B-ADVP
least JJS I-ADVP
at IN B-PP
the DT B-NP
federal JJ I-NP
level NN I-NP
, , O
political JJ B-NP
`` `` I-NP
ticket NN I-NP
splitting NN I-NP
'' '' O
has VBZ B-VP
been VBN I-VP
on IN B-PP
the DT B-NP
rise NN I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
half NN I-NP
century NN I-NP
. . O

In IN B-PP
only RB B-NP
one CD I-NP
presidential JJ I-NP
election NN I-NP
year NN I-NP
prior RB B-ADVP
to TO B-PP
1948 CD B-NP
did VBD O
more JJR B-NP
than IN I-NP
20 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
congressional JJ I-NP
districts NNS I-NP
choose VBP B-VP
a DT B-NP
different JJ I-NP
party NN I-NP
's POS B-NP
candidate NN I-NP
for IN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
than IN B-PP
for IN B-PP
the DT B-NP
House NNP I-NP
of IN B-PP
Representatives NNPS B-NP
. . O

Now RB B-ADVP
that DT B-NP
percentage NN I-NP
routinely RB B-VP
equals VBZ I-VP
a DT B-NP
third JJ I-NP
and CC O
twice RB B-VP
has VBZ I-VP
been VBN I-VP
above IN B-PP
40 CD B-NP
% NN I-NP
. . O

As IN B-SBAR
we PRP B-NP
know VBP B-VP
, , O
voters NNS B-NP
tend VBP B-VP
to TO I-VP
favor VB I-VP
Republicans NNPS B-NP
more JJR B-ADVP
in IN B-PP
races NNS B-NP
for IN B-PP
president NN B-NP
than IN B-PP
in IN B-PP
those DT B-NP
for IN B-PP
Congress NNP B-NP
. . O

In IN B-PP
every DT B-NP
presidential JJ I-NP
election NN I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
half NN I-NP
century NN I-NP
, , O
except IN B-PP
for IN B-PP
the DT B-NP
Goldwater NNP I-NP
presidential JJ I-NP
candidacy NN I-NP
, , O
the DT B-NP
GOP NNP I-NP
has VBZ B-VP
captured VBN I-VP
a DT B-NP
greater JJR I-NP
percentage NN I-NP
of IN B-PP
the DT B-NP
major-party JJ I-NP
popular JJ I-NP
vote NN I-NP
for IN B-PP
president NN B-NP
than IN B-SBAR
it PRP B-NP
has VBZ B-VP
of IN B-PP
congressional JJ B-NP
seats NNS I-NP
or CC O
the DT B-NP
popular JJ I-NP
vote NN I-NP
for IN B-PP
Congress NNP B-NP
. . O

Prior RB B-ADVP
to TO B-PP
1932 CD B-NP
, , O
the DT B-NP
pattern NN I-NP
was VBD B-VP
nearly RB B-ADVP
the DT B-NP
opposite NN I-NP
. . O

What WP B-NP
accounts VBZ B-VP
for IN B-PP
the DT B-NP
results NNS I-NP
of IN B-PP
recent JJ B-NP
decades NNS I-NP
? . O

A DT B-NP
simple JJ I-NP
economic JJ I-NP
theory NN I-NP
may MD B-VP
provide VB I-VP
at IN B-ADVP
least JJS I-ADVP
a DT B-NP
partial JJ I-NP
explanation NN I-NP
for IN B-PP
the DT B-NP
split NN I-NP
personality NN I-NP
displayed VBN B-VP
by IN B-PP
Americans NNPS B-NP
in IN B-PP
the DT B-NP
voting NN I-NP
booth NN I-NP
. . O

The DT B-NP
theory NN I-NP
relies VBZ B-VP
on IN B-PP
three CD B-NP
assumptions NNS I-NP
: : O

1 CD B-LST
-RRB- ) O
Voters NNS B-NP
can MD B-VP
`` `` I-VP
buy VB I-VP
'' '' O
one CD B-NP
of IN B-PP
two CD B-NP
brands NNS I-NP
when WRB B-ADVP
they PRP B-NP
select VBP B-VP
their PRP$ B-NP
political JJ I-NP
agents NNS I-NP
-- : O
a DT B-NP
Republican NNP I-NP
brand NN I-NP
that WDT B-NP
believes VBZ B-VP
in IN B-PP
the DT B-NP
minimalist JJ I-NP
state NN I-NP
and CC B-PP
in IN B-PP
the DT B-NP
virtues NNS I-NP
of IN B-PP
private JJ B-NP
markets NNS I-NP
over IN B-PP
the DT B-NP
vices NNS I-NP
of IN B-PP
public JJ B-NP
action NN I-NP
, , O
and CC O
a DT B-NP
Democratic JJ I-NP
brand NN I-NP
that WDT B-NP
believes VBZ B-VP
in IN B-PP
big JJ B-NP
government NN I-NP
and CC B-PP
in IN B-PP
public JJ B-NP
intervention NN I-NP
to TO B-VP
remedy VB I-VP
the DT B-NP
excesses NNS I-NP
attendant NN B-ADJP
to TO B-PP
the DT B-NP
pursuit NN I-NP
of IN B-PP
private JJ B-NP
interest NN I-NP
. . O

2 CD B-LST
-RRB- ) O
Congressional NNP B-NP
representatives NNS I-NP
have VBP B-VP
two CD B-NP
basic JJ I-NP
responsibilities NNS I-NP
while IN B-SBAR
voting NN B-VP
in IN B-PP
office NN B-NP
-- : O
dealing VBG B-VP
with IN B-PP
national JJ B-NP
issues NNS I-NP
-LRB- ( O
programmatic JJ B-NP
actions NNS I-NP
such JJ B-PP
as IN I-PP
casting VBG B-VP
roll NN B-NP
call NN I-NP
votes NNS I-NP
on IN B-PP
legislation NN B-NP
that WDT B-NP
imposes VBZ B-VP
costs NNS B-NP
and\/or NN O
confers VBZ B-VP
benefits NNS B-NP
on IN B-PP
the DT B-NP
population NN I-NP
at IN B-PP
large JJ B-ADJP
-RRB- ) O
and CC O
attending VBG B-VP
to TO B-PP
local JJ B-NP
issues NNS I-NP
-LRB- ( O
constituency NN B-NP
service NN I-NP
and CC O
pork NN B-NP
barrel NN I-NP
-RRB- ) O
. . O

3 CD B-LST
-RRB- ) O
Republican NNP B-NP
congressional JJ I-NP
representatives NNS I-NP
, , O
because IN B-PP
of IN I-PP
their PRP$ B-NP
belief NN I-NP
in IN B-PP
a DT B-NP
minimalist JJ I-NP
state NN I-NP
, , O
are VBP B-VP
less RBR B-ADJP
willing JJ I-ADJP
to TO B-VP
engage VB I-VP
in IN B-PP
local JJ B-NP
benefit-seeking NN I-NP
than IN B-SBAR
are VBP O
Democratic JJ B-NP
members NNS I-NP
of IN B-PP
Congress NNP B-NP
. . O

If IN B-SBAR
these DT B-NP
assumptions NNS I-NP
hold VBP B-VP
, , O
voters NNS B-NP
in IN B-PP
races NNS B-NP
for IN B-PP
Congress NNP B-NP
face NN B-VP
what WP B-NP
in IN B-PP
economic JJ B-NP
theory NN I-NP
is VBZ B-VP
called VBN I-VP
a DT B-NP
prisoner NN I-NP
's POS B-NP
dilemma NN I-NP
and CC O
have VBP B-VP
an DT B-NP
incentive NN I-NP
, , O
at IN B-PP
the DT B-NP
margin NN I-NP
, , O
to TO B-VP
lean VB I-VP
Democratic JJ B-NP
. . O

If IN B-SBAR
they PRP B-NP
put VBP B-VP
a DT B-NP
Republican NNP I-NP
into IN B-PP
office NN B-NP
, , O
not RB B-CONJP
only RB I-CONJP
will MD O
they PRP B-NP
acquire VB B-VP
less JJR B-NP
in IN B-PP
terms NNS B-NP
of IN B-PP
local JJ B-NP
benefits NNS I-NP
but CC O
their PRP$ B-NP
selected VBN I-NP
legislator NN I-NP
will MD B-VP
be VB I-VP
relatively RB B-ADJP
powerless JJ I-ADJP
to TO B-VP
prevent VB I-VP
other JJ B-NP
legislators NNS I-NP
from IN B-PP
`` `` O
bringing VBG B-VP
home NN B-ADVP
the DT B-NP
bacon NN I-NP
'' '' O
to TO B-PP
their PRP$ B-NP
respective JJ I-NP
constituencies NNS I-NP
. . O

Each DT B-NP
legislator NN I-NP
, , O
after IN B-PP
all DT B-NP
, , O
is VBZ B-VP
only RB B-NP
one CD I-NP
out IN B-PP
of IN B-PP
535 CD B-NP
when WRB B-ADVP
it PRP B-NP
comes VBZ B-VP
to TO B-PP
national JJ B-NP
policy NN I-NP
making VBG I-NP
. . O

In IN B-PP
races NNS B-NP
for IN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
, , O
a DT B-NP
voter NN I-NP
's POS B-NP
incentive NN I-NP
, , O
at IN B-PP
the DT B-NP
margin NN I-NP
, , O
is VBZ B-VP
to TO B-VP
lean VB I-VP
Republican NNP B-NP
. . O

Although IN B-SBAR
a DT B-NP
GOP NNP I-NP
president NN I-NP
may MD B-VP
limit VB I-VP
local JJ B-NP
benefits NNS I-NP
to TO B-PP
the DT B-NP
voter NN I-NP
's POS B-NP
particular JJ I-NP
district\/state NN I-NP
, , O
such JJ B-NP
a DT I-NP
president NN I-NP
is VBZ B-VP
also RB B-ADVP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
more RBR B-ADJP
effective JJ I-ADJP
at IN B-PP
preventing VBG B-VP
other JJ B-NP
districts\/states NNS I-NP
and CC O
their PRP$ B-NP
legislators NNS I-NP
from IN B-PP
bringing VBG B-VP
home NN B-ADVP
the DT B-NP
local JJ I-NP
benefits NNS I-NP
. . O

The DT B-NP
individual JJ I-NP
voter NN I-NP
's POS I-NP
standing VBG B-NP
consequently RB B-ADVP
will MD B-VP
be VB I-VP
enhanced VBN I-VP
through IN B-PP
lower JJR B-NP
taxes NNS I-NP
. . O

While IN B-SBAR
this DT B-NP
theory NN I-NP
is VBZ B-VP
exceedingly RB B-ADJP
simple JJ I-ADJP
, , O
it PRP B-NP
appears VBZ B-VP
to TO I-VP
explain VB I-VP
several JJ B-NP
things NNS I-NP
. . O

First RB B-ADVP
, , O
why WRB B-ADVP
ticket NN B-NP
splitting NN I-NP
has VBZ B-VP
increased VBN I-VP
and CC O
taken VBN B-VP
the DT B-NP
peculiar JJ I-NP
pattern NN I-NP
that IN B-NP
it PRP B-NP
has VBZ B-VP
over IN B-PP
the DT B-NP
past JJ I-NP
half NN I-NP
century NN I-NP
: : O
Prior RB B-ADVP
to TO B-PP
the DT B-NP
election NN I-NP
of IN B-PP
Franklin NNP B-NP
Roosevelt NNP I-NP
as IN B-PP
president NN B-NP
and CC O
the DT B-NP
advent NN I-NP
of IN B-PP
the DT B-NP
New NNP I-NP
Deal NNP I-NP
, , O
government NN B-NP
occupied VBD B-VP
a DT B-NP
much RB I-NP
smaller JJR I-NP
role NN I-NP
in IN B-PP
society NN B-NP
and CC O
the DT B-NP
prisoner NN I-NP
's POS B-NP
dilemma NN I-NP
problem NN I-NP
confronting VBG B-VP
voters NNS B-NP
in IN B-PP
races NNS B-NP
for IN B-PP
Congress NNP B-NP
was VBD B-VP
considerably RB B-ADJP
less RBR I-ADJP
severe JJ I-ADJP
. . O

Second JJ B-ADVP
, , O
it PRP B-NP
explains VBZ B-VP
why WRB B-ADVP
voters NNS B-NP
hold VBP B-VP
Congress NNP B-NP
in IN B-PP
disdain NN B-NP
but CC O
generally RB B-VP
love VBP I-VP
their PRP$ B-NP
own JJ I-NP
congressional JJ I-NP
representatives NNS I-NP
: : O
Any DT B-NP
individual JJ I-NP
legislator NN I-NP
's POS B-NP
constituents NNS I-NP
appreciate VBP B-VP
the DT B-NP
specific JJ I-NP
benefits NNS I-NP
that IN B-NP
the DT B-NP
legislator NN I-NP
wins VBZ B-VP
for IN B-PP
them PRP B-NP
but CC B-NP
not RB I-NP
the DT B-NP
overall JJ I-NP
cost NN I-NP
associated VBN B-VP
with IN B-PP
every DT B-NP
other JJ I-NP
legislator NN I-NP
doing VBG B-VP
likewise RB B-ADVP
for IN B-PP
his PRP$ B-NP
own JJ I-NP
constituency NN I-NP
. . O

Third NNP B-ADVP
, , O
the DT B-NP
theory NN I-NP
suggests VBZ B-VP
why WRB B-ADVP
legislators NNS B-NP
who WP B-NP
pay VBP B-VP
too RB B-NP
much JJ I-NP
attention NN I-NP
to TO B-PP
national JJ B-NP
policy NN I-NP
making VBG I-NP
relative JJ B-ADVP
to TO B-PP
local JJ B-NP
benefit-seeking NN I-NP
have VBP B-VP
lower JJR B-NP
security NN I-NP
in IN B-PP
office NN B-NP
. . O

For IN B-PP
example NN B-NP
, , O
first-term JJ B-NP
members NNS I-NP
of IN B-PP
the DT B-NP
House NNP I-NP
, , O
once RB B-ADVP
the DT B-NP
most RBS I-NP
vulnerable JJ I-NP
of IN B-PP
incumbents NNS B-NP
, , O
have VBP B-VP
become VBN I-VP
virtually RB B-ADJP
immune JJ I-ADJP
to TO B-PP
defeat VB B-NP
. . O

The DT B-NP
one CD I-NP
exception NN I-NP
to TO B-PP
this DT B-NP
recent JJ I-NP
trend NN I-NP
was VBD B-VP
the DT B-NP
defeat NN I-NP
of IN B-PP
13 CD B-NP
of IN B-PP
the DT B-NP
52 CD I-NP
freshman NN I-NP
Republicans NNPS I-NP
brought VBN B-VP
into IN B-PP
office NN B-NP
in IN B-PP
1980 CD B-NP
by IN B-PP
the DT B-NP
Reagan NNP I-NP
revolution NN I-NP
and CC O
running VBG B-VP
for IN B-PP
re-election NN B-NP
in IN B-PP
1982 CD B-NP
. . O

Because IN B-SBAR
these DT B-NP
freshmen NNS I-NP
placed VBN B-VP
far RB B-NP
more JJR I-NP
emphasis NN I-NP
on IN B-PP
their PRP$ B-NP
partisan JJ I-NP
role NN I-NP
-- : O
spreading VBG B-VP
the DT B-NP
Reagan NNP I-NP
revolution NN I-NP
-- : O
in IN B-PP
national JJ B-NP
policy NN I-NP
making VBG I-NP
, , O
they PRP B-NP
were VBD B-VP
more RBR B-ADJP
vulnerable JJ I-ADJP
to TO B-PP
defeat VB B-NP
. . O

Fourth NNP B-ADVP
, , O
the DT B-NP
theory NN I-NP
indicates VBZ B-VP
why WRB B-ADVP
the DT B-NP
Republican NNP I-NP
Party NNP I-NP
may MD B-VP
have VB I-VP
a DT B-NP
difficult JJ I-NP
time NN I-NP
attracting VBG B-VP
viable JJ B-NP
candidates NNS I-NP
for IN B-PP
congressional JJ B-NP
office NN I-NP
. . O

Potential JJ B-NP
candidates NNS I-NP
may MD B-VP
be VB I-VP
discouraged VBN I-VP
from IN B-PP
running VBG B-VP
less JJR B-ADVP
by IN B-PP
the DT B-NP
congressional JJ I-NP
salary NN I-NP
than IN B-PP
by IN B-PP
the DT B-NP
prospect NN I-NP
of IN B-PP
defeat NN B-NP
at IN B-PP
the DT B-NP
hands NNS I-NP
of IN B-PP
a DT B-NP
Democratic JJ I-NP
opponent NN I-NP
. . O

To TO B-PP
the DT B-NP
extent NN I-NP
that IN B-SBAR
potential JJ B-NP
Republican NNP I-NP
candidates NNS I-NP
and CC O
their PRP$ B-NP
financial JJ I-NP
backers NNS I-NP
realize VBP B-VP
that IN B-SBAR
the DT B-NP
congressional JJ I-NP
prisoner NN I-NP
's POS B-NP
dilemma NN I-NP
game NN I-NP
works NNS B-VP
to TO B-PP
their PRP$ B-NP
disadvantage NN I-NP
, , O
the DT B-NP
Republican NNP I-NP
Party NNP I-NP
will MD B-VP
be VB I-VP
hindered VBN I-VP
in IN B-PP
its PRP$ B-NP
attempts NNS I-NP
to TO B-VP
field VB I-VP
a DT B-NP
competitive JJ I-NP
slate NN I-NP
of IN B-PP
congressional JJ B-NP
candidates NNS I-NP
. . O

Fifth NNP B-ADVP
, , O
the DT B-NP
theory NN I-NP
may MD B-VP
provide VB I-VP
at IN B-ADVP
least JJS I-ADVP
a DT B-NP
partial JJ I-NP
reason NN I-NP
for IN B-PP
why WRB B-ADVP
ticket NN B-NP
splitting NN I-NP
has VBZ B-VP
been VBN I-VP
particularly RB I-VP
pronounced VBN I-VP
in IN B-PP
the DT B-NP
South NNP I-NP
. . O

To TO B-PP
the DT B-NP
extent NN I-NP
that IN B-SBAR
Democratic JJ B-NP
legislators NNS I-NP
from IN B-PP
the DT B-NP
South NNP I-NP
have VBP B-VP
held VBN I-VP
a DT B-NP
disproportionate JJ I-NP
share NN I-NP
of IN B-PP
power NN B-NP
in IN B-PP
Congress NNP B-NP
since IN B-PP
1932 CD B-NP
and CC O
have VBP B-VP
been VBN I-VP
able JJ B-ADJP
to TO B-VP
translate VB I-VP
such JJ B-NP
clout NN I-NP
into IN B-PP
relatively RB B-NP
more RBR I-NP
local JJ I-NP
benefits NNS I-NP
for IN B-PP
their PRP$ B-NP
respective JJ I-NP
constituencies NNS I-NP
, , O
voters NNS B-NP
in IN B-PP
the DT B-NP
South NNP I-NP
have VBP B-VP
had VBN I-VP
an DT B-NP
especially RB I-NP
strong JJ I-NP
incentive NN I-NP
to TO B-VP
keep VB I-VP
such JJ B-NP
Democrats NNPS I-NP
in IN B-PP
office NN B-NP
. . O

Finally RB B-ADVP
, , O
the DT B-NP
theory NN I-NP
suggests VBZ B-VP
why WRB B-ADVP
Republicans NNPS B-NP
generally RB B-ADVP
have VBP B-VP
fared VBN I-VP
better JJR B-ADVP
in IN B-PP
Senate NNP B-NP
races NNS I-NP
than IN B-PP
in IN B-PP
campaigns NNS B-NP
for IN B-PP
the DT B-NP
House NNP I-NP
. . O

Since IN B-SBAR
local JJ B-NP
benefit-seeking NN I-NP
matters NNS B-VP
more JJR B-ADVP
and CC O
national JJ B-NP
policy NN I-NP
making VBG I-NP
matters NNS B-VP
less JJR B-ADVP
in IN B-PP
the DT B-NP
lower JJR I-NP
chamber NN I-NP
of IN B-PP
Congress NNP B-NP
, , O
this DT B-NP
is VBZ B-VP
precisely RB B-ADVP
the DT B-NP
pattern NN I-NP
one PRP B-NP
would MD B-VP
expect VB I-VP
if IN B-SBAR
Republicans NNPS B-NP
are VBP B-VP
less RBR B-ADJP
willing JJ I-ADJP
to TO B-VP
engage VB I-VP
in IN B-PP
local JJ B-NP
benefit-seeking NN I-NP
than IN B-PP
their PRP$ B-NP
Democratic JJ I-NP
counterparts NNS I-NP
. . O

Is VBZ O
there EX B-NP
any DT B-NP
empirical JJ I-NP
support NN I-NP
for IN B-PP
this DT B-NP
theory NN I-NP
? . O

Three CD B-NP
pieces NNS I-NP
of IN B-PP
evidence NN B-NP
corroborate VB B-VP
the DT B-NP
key JJ I-NP
assumption NN I-NP
that IN B-SBAR
Democratic JJ B-NP
legislators NNS I-NP
are VBP B-VP
more RBR B-ADJP
willing JJ I-ADJP
to TO B-VP
engage VB I-VP
in IN B-PP
local JJ B-NP
benefit-seeking NN I-NP
than IN B-PP
their PRP$ B-NP
Republican NNP I-NP
colleagues NNS I-NP
. . O

First RB B-ADVP
, , O
economists NNS B-NP
James NNP I-NP
Bennett NNP I-NP
and CC I-NP
Thomas NNP I-NP
DiLorenzo NNP I-NP
find VB B-VP
that IN B-SBAR
GOP NNP B-NP
senators NNS I-NP
turn VBP B-VP
back RB B-PRT
roughly RB B-NP
10 CD I-NP
% NN I-NP
more JJR B-NP
of IN B-PP
their PRP$ B-NP
allocated VBN I-NP
personal JJ I-NP
staff NN I-NP
budgets NNS I-NP
than IN B-SBAR
Democrats NNPS B-NP
do VBP B-VP
. . O

To TO B-PP
the DT B-NP
extent NN I-NP
that IN B-SBAR
the DT B-NP
primary JJ I-NP
duty NN I-NP
of IN B-PP
personal JJ B-NP
staff NN I-NP
involves VBZ B-VP
local JJ B-NP
benefit-seeking NN I-NP
, , O
this DT B-NP
indicates VBZ B-VP
that IN B-SBAR
political JJ B-NP
philosophy NN I-NP
leads VBZ B-VP
congressional JJ B-NP
Republicans NNPS I-NP
to TO B-VP
pay VB I-VP
less JJR B-NP
attention NN I-NP
to TO B-PP
narrow VB B-NP
constituent NN I-NP
concerns NNS I-NP
. . O

Second JJ B-ADVP
, , O
if IN B-SBAR
the DT B-NP
key JJ I-NP
assumption NN I-NP
is VBZ B-VP
valid JJ B-ADJP
, , O
Democrats NNPS B-NP
should MD B-VP
have VB I-VP
lower JJR B-NP
attendance NN I-NP
rates NNS I-NP
on IN B-PP
roll-call JJ B-NP
votes NNS I-NP
than IN B-SBAR
Republicans NNPS B-NP
do VBP B-VP
to TO B-PP
the DT B-NP
extent NN I-NP
that IN B-SBAR
such JJ B-NP
votes NNS I-NP
reflect VBP B-VP
national JJ B-NP
policy NN I-NP
making VBG I-NP
and CC O
that IN B-SBAR
participating VBG B-VP
in IN B-PP
such JJ B-NP
votes NNS I-NP
takes VBZ B-VP
away RB B-PRT
from IN B-PP
the DT B-NP
time NN I-NP
a DT B-NP
legislator NN I-NP
could MD B-VP
otherwise RB I-VP
devote VB I-VP
to TO B-PP
local JJ B-NP
benefit-seeking NN I-NP
. . O

This DT B-NP
is VBZ B-VP
indeed RB B-ADVP
what WP B-NP
the DT B-NP
data NNS I-NP
indicate VBP B-VP
, , O
particularly RB B-ADVP
in IN B-PP
the DT B-NP
case NN I-NP
of IN B-PP
the DT B-NP
House NNP I-NP
. . O

The DT B-NP
Democratic NNP I-NP
House NNP I-NP
attendance NN I-NP
rate NN I-NP
has VBZ B-VP
not RB I-VP
exceeded VBN I-VP
the DT B-NP
Republican NNP I-NP
House NNP I-NP
attendance NN I-NP
rate NN I-NP
since IN B-PP
1959 CD B-NP
. . O

Finally RB B-ADVP
, , O
as IN B-SBAR
shown VBN B-VP
in IN B-PP
the DT B-NP
table NN I-NP
, , O
Democrats NNPS B-NP
allocate VBP B-VP
a DT B-NP
higher JJR I-NP
proportion NN I-NP
of IN B-PP
their PRP$ B-NP
personal JJ I-NP
staffs NNS I-NP
to TO B-PP
district NN B-NP
offices NNS I-NP
-- : O
where WRB B-ADVP
local JJ B-NP
benefit-seeking NN I-NP
duties NNS I-NP
matter VBP B-VP
more JJR B-ADVP
and CC O
national JJ B-NP
policy NN I-NP
making VBG I-NP
activities NNS I-NP
matter VBP B-VP
less RBR B-ADVP
relative JJ B-ADVP
to TO B-PP
Washington NNP B-NP
offices NNS I-NP
. . O

An DT B-NP
examination NN I-NP
of IN B-PP
changes NNS B-NP
in IN B-PP
personal JJ B-NP
staffing NN I-NP
decisions NNS I-NP
in IN B-PP
the DT B-NP
Senate NNP I-NP
between IN B-PP
1986 CD B-NP
and CC I-NP
1987 CD I-NP
-LRB- ( O
when WRB B-ADVP
control NN B-NP
of IN B-PP
that DT B-NP
body NN I-NP
changed VBD B-VP
party NN B-NP
hands NNS I-NP
-RRB- ) O
, , O
moreover RB B-ADVP
, , O
reveals VBZ B-VP
that IN B-SBAR
the DT B-NP
personal JJ I-NP
staffing NN I-NP
differences NNS I-NP
noted VBD B-VP
in IN B-PP
the DT B-NP
table NN I-NP
can MD B-VP
not RB I-VP
be VB I-VP
attributed VBN I-VP
to TO B-PP
the DT B-NP
disproportionate JJ I-NP
control NN I-NP
Democrats NNPS B-NP
exercise NN B-VP
, , O
due JJ B-PP
to TO I-PP
their PRP$ B-NP
majority-party JJ I-NP
status NN I-NP
, , O
over IN B-PP
other JJ B-NP
resources NNS I-NP
such JJ B-PP
as IN I-PP
committee NN B-NP
staff NN I-NP
. . O

An DT B-NP
additional JJ I-NP
piece NN I-NP
of IN B-PP
evidence NN B-NP
from IN B-PP
the DT B-NP
Senate NNP I-NP
: : O
Holding NNP B-VP
other JJ B-NP
factors NNS I-NP
constant JJ B-ADJP
, , O
such JJ B-PP
as IN I-PP
incumbency NN B-NP
advantages NNS I-NP
and CC O
regional JJ B-NP
factors NNS I-NP
, , O
the DT B-NP
difference NN I-NP
between IN B-PP
popular JJ B-NP
votes NNS I-NP
for IN B-PP
Republican NNP B-NP
presidential JJ I-NP
and CC I-NP
senatorial JJ I-NP
candidates NNS I-NP
in IN B-PP
states NNS B-NP
conducting VBG B-VP
a DT B-NP
Senate NNP I-NP
election NN I-NP
turns VBZ B-VP
out IN B-PRT
to TO B-VP
be VB I-VP
a DT B-NP
positive JJ I-NP
function NN I-NP
of IN B-PP
how WRB B-ADJP
onerous JJ I-ADJP
the DT B-NP
federal JJ I-NP
government NN I-NP
's POS B-NP
tax NN I-NP
burden NN I-NP
is VBZ B-VP
per IN B-PP
state NN B-NP
-LRB- ( O
a DT B-NP
progressive JJ I-NP
tax NN I-NP
rate NN I-NP
hits VBZ B-VP
higher-income JJ B-NP
states NNS I-NP
harder JJR B-ADVP
-RRB- ) O
. . O

Put VB B-VP
more RBR B-ADVP
simply RB I-ADVP
, , O
GOP NNP B-NP
candidates NNS I-NP
for IN B-PP
president NN B-NP
are VBP B-VP
looked VBN I-VP
on IN B-PP
more RBR B-ADVP
kindly RB I-ADVP
by IN B-PP
voters NNS B-NP
than IN B-PP
Republican NNP B-NP
candidates NNS I-NP
for IN B-PP
the DT B-NP
Senate NNP I-NP
when WRB B-ADVP
the DT B-NP
prisoner NN I-NP
's POS B-NP
dilemma NN I-NP
is VBZ B-VP
more RBR B-ADJP
severe JJ I-ADJP
. . O

Moreover RB B-ADVP
, , O
ticket NN B-NP
splitting NN I-NP
appears VBZ B-VP
to TO I-VP
take VB I-VP
the DT B-NP
same JJ I-NP
peculiar JJ I-NP
pattern NN I-NP
at IN B-PP
the DT B-NP
state NN I-NP
government NN I-NP
level NN I-NP
as IN B-SBAR
it PRP B-NP
does VBZ B-VP
at IN B-PP
the DT B-NP
federal JJ I-NP
level NN I-NP
. . O

State NN B-NP
government NN I-NP
is VBZ O
more RBR B-ADVP
typically RB I-ADVP
split VBP B-VP
along IN B-PP
Republican-governor\/Democratic-legislature NNP B-NP
lines NNS I-NP
than IN B-PP
the DT B-NP
reverse NN I-NP
. . O

A DT B-NP
cross-state JJ I-NP
econometric JJ I-NP
investigation NN I-NP
, , O
furthermore RB B-ADVP
, , O
reveals VBZ B-VP
that IN B-SBAR
, , O
holding VBG B-VP
other JJ B-NP
factors NNS I-NP
constant JJ B-ADJP
, , O
the DT B-NP
difference NN I-NP
between IN B-PP
a DT B-NP
state NN I-NP
's POS B-NP
major-party JJ I-NP
vote NN I-NP
going VBG B-VP
to TO B-PP
the DT B-NP
Republican NNP I-NP
gubernatorial JJ I-NP
candidate NN I-NP
and CC O
the DT B-NP
Republican NNP I-NP
share NN I-NP
of IN B-PP
the DT B-NP
lower JJR I-NP
state NN I-NP
house NN I-NP
is VBZ B-VP
a DT B-NP
positive JJ I-NP
function NN I-NP
of IN B-PP
the DT B-NP
state NN I-NP
tax NN I-NP
rate NN I-NP
. . O

In IN B-PP
sum NN B-NP
, , O
at IN B-PP
both DT B-NP
the DT I-NP
federal JJ I-NP
and CC I-NP
state NN I-NP
government NN I-NP
levels NNS I-NP
at IN B-ADVP
least JJS I-ADVP
part NN B-NP
of IN B-PP
the DT B-NP
seemingly RB I-NP
irrational JJ I-NP
behavior NN I-NP
voters NNS B-NP
display VBP B-VP
in IN B-PP
the DT B-NP
voting NN I-NP
booth NN I-NP
may MD B-VP
have VB I-VP
an DT B-NP
exceedingly RB I-NP
rational JJ I-NP
explanation NN I-NP
. . O

Mr. NNP B-NP
Zupan NNP I-NP
teaches VBZ B-VP
at IN B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
Southern NNP B-NP
California NNP I-NP
's POS B-NP
business NN I-NP
school NN I-NP
. . O

A DT B-NP
House-Senate NNP I-NP
conference NN I-NP
approved VBD B-VP
a DT B-NP
nearly RB I-NP
$ $ I-NP
17 CD I-NP
billion CD I-NP
State NNP I-NP
, , I-NP
Justice NNP I-NP
and CC I-NP
Commerce NNP I-NP
Department NNP I-NP
bill NN I-NP
that WDT B-NP
makes VBZ B-VP
federal JJ B-NP
reparations NNS I-NP
for IN B-PP
Japanese-Americans NNPS B-NP
held VBN B-VP
in IN B-PP
World NNP B-NP
War NNP I-NP
II NNP I-NP
internment NN I-NP
camps NNS I-NP
a DT B-NP
legal JJ I-NP
entitlement NN I-NP
after IN B-PP
next JJ B-NP
Oct. NNP I-NP
1 CD I-NP
. . O

The DT B-NP
measure NN I-NP
provides VBZ B-VP
no DT B-NP
money NN I-NP
for IN B-PP
the DT B-NP
promised VBN I-NP
payments NNS I-NP
until IN B-PP
then RB B-NP
, , O
but CC O
beginning VBG B-PP
in IN B-PP
fiscal JJ B-NP
1991 CD I-NP
, , O
the DT B-NP
government NN I-NP
would MD B-VP
be VB I-VP
committed VBN B-ADJP
to TO B-PP
meeting VBG B-VP
annual JJ B-NP
payments NNS I-NP
of IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
$ $ I-NP
500 CD I-NP
million CD I-NP
until IN B-SBAR
the DT B-NP
total JJ I-NP
liability NN I-NP
of IN B-PP
approximately RB B-NP
$ $ I-NP
1.25 CD I-NP
billion CD I-NP
is VBZ B-VP
paid VBN I-VP
. . O

The DT B-NP
action NN I-NP
abandons VBZ B-VP
earlier JJR B-NP
efforts NNS I-NP
to TO B-VP
find VB I-VP
offsetting VBG B-NP
cuts NNS I-NP
to TO B-VP
fund VB I-VP
the DT B-NP
payments NNS I-NP
, , O
but CC O
is VBZ B-VP
widely RB I-VP
seen VBN I-VP
as IN B-PP
a DT B-NP
more RBR I-NP
realistic JJ I-NP
means NNS I-NP
of IN B-PP
expediting VBG B-VP
reparations NNS B-NP
first RB B-VP
authorized VBN I-VP
in IN B-PP
1988 CD B-NP
. . O

The DT B-NP
action NN I-NP
came VBD B-VP
as IN B-SBAR
Congress NNP B-NP
sent VBD B-VP
to TO B-PP
President NNP B-NP
Bush NNP I-NP
a DT B-NP
fiscal JJ I-NP
1990 CD I-NP
bill NN I-NP
providing VBG B-VP
an DT B-NP
estimated VBN I-NP
$ $ I-NP
156.7 CD I-NP
billion CD I-NP
for IN B-PP
the DT B-NP
Departments NNPS I-NP
of IN B-PP
Labor NNP B-NP
, , O
Education NNP B-NP
, , O
Health NNP B-NP
and CC O
Human NNP B-NP
Services NNP I-NP
. . O

Final JJ B-NP
approval NN I-NP
was VBD B-VP
on IN B-PP
a DT B-NP
67-31 JJ I-NP
roll NN I-NP
call NN I-NP
in IN B-PP
the DT B-NP
Senate NNP I-NP
, , O
which WDT B-NP
sets VBZ B-VP
the DT B-NP
stage NN I-NP
for IN B-PP
a DT B-NP
veto NN I-NP
confrontation NN I-NP
with IN B-PP
Mr. NNP B-NP
Bush NNP I-NP
over IN B-PP
the DT B-NP
issue NN I-NP
of IN B-PP
publicly RB B-NP
financed VBN I-NP
abortions NNS I-NP
for IN B-PP
poor JJ B-NP
women NNS I-NP
. . O

Reversing VBG B-VP
an DT B-NP
eight-year JJ I-NP
federal JJ I-NP
policy NN I-NP
, , O
the DT B-NP
measure NN I-NP
supports VBZ B-VP
Medicaid NNP B-NP
abortions NNS I-NP
in IN B-PP
cases NNS B-NP
of IN B-PP
rape NN B-NP
and CC I-NP
incest NN I-NP
, , O
but CC O
Mr. NNP B-NP
Bush NNP I-NP
has VBZ B-VP
so RB I-VP
far RB I-VP
refused VBN I-VP
to TO I-VP
support VB I-VP
any DT B-NP
specific JJ I-NP
exemption NN I-NP
beyond IN B-PP
instances NNS B-NP
in IN B-PP
which WDT B-NP
the DT B-NP
mother NN I-NP
's POS B-NP
life NN I-NP
is VBZ B-VP
in IN B-PP
danger NN B-NP
. . O

Mr. NNP B-NP
Bush NNP I-NP
's POS B-NP
veto NN I-NP
power NN I-NP
puts VBZ B-VP
him PRP B-NP
a DT B-NP
commanding VBG I-NP
position NN I-NP
in IN B-PP
the DT B-NP
narrowly RB I-NP
divided VBN I-NP
House NNP I-NP
, , O
but CC O
a DT B-NP
vote NN I-NP
to TO B-VP
override VB I-VP
his PRP$ B-NP
position NN I-NP
could MD B-VP
well RB I-VP
pick VB I-VP
up IN B-PRT
new JJ B-NP
support NN I-NP
because IN B-PP
of IN I-PP
the DT B-NP
wealth NN I-NP
of IN B-PP
health NN B-NP
and CC I-NP
education NN I-NP
programs NNS I-NP
financed VBN B-VP
in IN B-PP
the DT B-NP
underlying VBG I-NP
bill NN I-NP
. . O

The DT B-NP
measure NN I-NP
before IN B-PP
the DT B-NP
conference NN I-NP
yesterday NN B-NP
funds VBZ B-VP
the DT B-NP
Departments NNPS I-NP
of IN B-PP
State NNP B-NP
, , I-NP
Justice NNP I-NP
and CC I-NP
Commerce NNP I-NP
through IN B-PP
fiscal JJ B-NP
1990 CD I-NP
. . O

An DT B-NP
estimated VBN I-NP
$ $ I-NP
1.32 CD I-NP
billion CD I-NP
is VBZ B-VP
provided VBN I-VP
for IN B-PP
next JJ B-NP
year NN I-NP
's POS B-NP
census NN I-NP
, , O
and CC O
negotiators NNS B-NP
stripped VBD B-VP
a DT B-NP
Senate-passed JJ I-NP
rider NN I-NP
seeking VBG B-VP
to TO I-VP
block VB I-VP
the DT B-NP
counting NN I-NP
of IN B-PP
illegal JJ B-NP
aliens NNS I-NP
. . O

Elsewhere RB B-ADVP
in IN B-PP
the DT B-NP
Commerce NNP I-NP
Department NNP I-NP
, , O
nearly RB B-NP
$ $ I-NP
191.2 CD I-NP
million CD I-NP
is VBZ B-VP
preserved VBN I-VP
for IN B-PP
assistance NN B-NP
programs NNS I-NP
under IN B-PP
the DT B-NP
Economic NNP I-NP
Development NNP I-NP
Administration NNP I-NP
. . O

And CC O
in IN B-PP
a DT B-NP
footnote NN I-NP
to TO B-PP
the DT B-NP
fall NN I-NP
of IN B-PP
House NNP B-NP
Speaker NNP I-NP
James NNP I-NP
Wright NNP I-NP
this DT B-NP
year NN I-NP
, , O
the DT B-NP
conference NN I-NP
voted VBD B-VP
to TO I-VP
rescind VB I-VP
$ $ B-NP
11.8 CD I-NP
million CD I-NP
in IN B-PP
unspent JJ B-NP
EDA NNP I-NP
funds NNS I-NP
for IN B-PP
a DT B-NP
Fort NNP I-NP
Worth NNP I-NP
, , I-NP
Texas NNP I-NP
, , I-NP
stockyards NNS I-NP
project VBP I-NP
that WDT B-NP
figured VBD B-VP
in IN B-PP
ethics NNS B-NP
charges NNS I-NP
against IN B-PP
the DT B-NP
former JJ I-NP
Democratic JJ I-NP
leader NN I-NP
. . O

Fiscal JJ B-NP
pressures NNS I-NP
also RB B-ADVP
forced VBN B-VP
the DT B-NP
adoption NN I-NP
of IN B-PP
new JJ B-NP
fees NNS I-NP
charged VBN B-VP
by IN B-PP
federal JJ B-NP
agencies NNS I-NP
, , O
and CC O
an DT B-NP
18 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
's POS B-NP
budget NN I-NP
would MD B-VP
be VB I-VP
financed VBN I-VP
entirely RB B-ADVP
by IN B-PP
an DT B-NP
added VBD I-NP
$ $ I-NP
26 CD I-NP
million CD I-NP
in IN B-PP
filing NN B-NP
fees NNS I-NP
. . O

In IN B-PP
an DT B-NP
unprecedented JJ I-NP
step NN I-NP
, , O
the DT B-NP
measure NN I-NP
anticipates VBZ B-VP
another DT B-NP
$ $ I-NP
30 CD I-NP
million CD I-NP
in IN B-PP
receipts NNS B-NP
by IN B-PP
having VBG B-VP
the DT B-NP
Federal NNP I-NP
Bureau NNP I-NP
of IN B-PP
Investigation NNP B-NP
charge NN B-VP
for IN B-PP
fingerprint NN B-NP
services NNS I-NP
in IN B-PP
civil JJ B-NP
cases NNS I-NP
-- : O
a DT B-NP
change NN I-NP
that WDT B-NP
is VBZ B-VP
almost RB B-ADJP
certain JJ I-ADJP
to TO B-VP
increase VB I-VP
Pentagon NNP B-NP
costs NNS I-NP
in IN B-PP
processing NN B-VP
personnel NNS B-NP
and CC I-NP
security NN I-NP
clearances NNS I-NP
. . O

The DT B-NP
bill NN I-NP
does VBZ B-VP
n't RB I-VP
include VB I-VP
an DT B-NP
estimated VBN I-NP
$ $ I-NP
1.9 CD I-NP
billion CD I-NP
in IN B-PP
supplemental JJ B-NP
anti-drug JJ I-NP
funds NNS I-NP
for IN B-PP
Justice NNP B-NP
Department NNP I-NP
and CC I-NP
law-enforcement NN I-NP
accounts NNS I-NP
that WDT B-NP
are VBP B-VP
still RB B-ADVP
in IN B-PP
conference NN B-NP
with IN B-PP
the DT B-NP
House NNP I-NP
. . O

But CC O
yesterday NN B-NP
's POS B-NP
agreement NN I-NP
would MD B-VP
make VB I-VP
it PRP B-NP
easier JJR B-ADJP
for IN B-SBAR
state NN B-NP
governments NNS I-NP
to TO B-VP
handle VB I-VP
the DT B-NP
promised VBN I-NP
aid NN I-NP
by IN B-PP
deferring VBG B-VP
for IN B-PP
one CD B-NP
year NN I-NP
a DT B-NP
scheduled VBN I-NP
50 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
the DT B-NP
required VBN I-NP
state NN I-NP
matching VBG I-NP
funds NNS I-NP
for IN B-PP
law-enforcement NN B-NP
grants NNS I-NP
. . O

Similarly RB B-ADVP
, , O
the DT B-NP
measure NN I-NP
adjusts VBZ B-VP
the DT B-NP
current JJ I-NP
funding NN I-NP
formula NN I-NP
to TO B-VP
promise VB I-VP
smaller JJR B-NP
states NNS I-NP
such JJ B-PP
as IN I-PP
New NNP B-NP
Hampshire NNP I-NP
and CC O
Delaware NNP B-NP
a DT B-NP
minimum JJ I-NP
allocation NN I-NP
of IN B-PP
$ $ B-NP
1.6 CD I-NP
million CD I-NP
each DT B-NP
in NN B-PP
drug NN B-NP
grants NNS I-NP
, , O
or CC O
three CD B-NP
times VBZ I-NP
the DT I-NP
current JJ I-NP
minimum NN I-NP
. . O

The DT B-NP
odd JJ I-NP
mix NN I-NP
of IN B-PP
departments NNS B-NP
in IN B-PP
the DT B-NP
bill NN I-NP
makes VBZ B-VP
it PRP B-NP
one CD B-NP
of IN B-PP
the DT B-NP
more JJR I-NP
eclectic NN I-NP
of IN B-PP
the DT B-NP
annual JJ I-NP
appropriations NNS I-NP
measures NNS I-NP
, , O
and CC O
the DT B-NP
assorted JJ I-NP
provisions NNS I-NP
attached VBN B-VP
by IN B-PP
lawmakers NNS B-NP
run VBP B-VP
from IN B-PP
$ $ B-NP
1.5 CD I-NP
million CD I-NP
for IN B-PP
a DT B-NP
fish NN I-NP
farm NN I-NP
in IN B-PP
Arkansas NNP B-NP
to TO B-PP
a DT B-NP
music NN I-NP
festival NN I-NP
in IN B-PP
Moscow NNP B-NP
under IN B-PP
the DT B-NP
United NNP I-NP
States NNP I-NP
Information NNP I-NP
Agency NNP I-NP
. . O

Lawmakers NNS B-NP
scrapped VBD B-VP
all DT B-NP
of IN B-PP
a DT B-NP
$ $ I-NP
7.4 CD I-NP
million CD I-NP
State NNP I-NP
Department NNP I-NP
request NN I-NP
for IN B-PP
the DT B-NP
1992 CD I-NP
Expo NNP I-NP
in IN B-PP
Seville NNP B-NP
, , O
Spain NNP B-NP
, , O
but CC O
agreed VBD B-VP
elsewhere RB B-ADVP
to TO B-PP
$ $ B-NP
15,000 CD I-NP
for IN B-PP
an DT B-NP
oil NN I-NP
portrait NN I-NP
of IN B-PP
former JJ B-NP
Chief NNP I-NP
Justice NNP I-NP
Warren NNP I-NP
Burger NNP I-NP
. . O

Senate NNP B-NP
Commerce NNP I-NP
Committee NNP I-NP
Chairman NNP I-NP
Ernest NNP I-NP
Hollings NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
S.C. NNP B-NP
-RRB- ) O
, , O
who WP B-NP
also RB B-ADVP
chairs VBZ B-VP
the DT B-NP
Senate NNP I-NP
appropriations NNS I-NP
subcommittee NN I-NP
for IN B-PP
the DT B-NP
department NN I-NP
, , O
attached VBD B-VP
$ $ B-NP
10 CD I-NP
million CD I-NP
for IN B-PP
an DT B-NP
advanced VBN I-NP
technology NN I-NP
initiative NN I-NP
, , O
including VBG B-PP
work NN B-NP
on IN B-PP
high-definition JJ B-NP
television NN I-NP
. . O

His PRP$ B-NP
Republican NNP I-NP
counterpart NN I-NP
, , O
Sen. NNP B-NP
Warren NNP I-NP
Rudman NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
N.H. NNP B-NP
-RRB- ) O
, , O
has VBZ B-VP
used VBN I-VP
his PRP$ B-NP
position NN I-NP
to TO B-VP
wage VB I-VP
a DT B-NP
legislative JJ I-NP
war NN I-NP
with IN B-PP
the DT B-NP
conservative JJ I-NP
board NN I-NP
of IN B-PP
the DT B-NP
Legal NNP I-NP
Services NNP I-NP
Corp NNP I-NP
. . O

An DT B-NP
estimated VBN I-NP
$ $ I-NP
321 CD I-NP
million CD I-NP
is VBZ B-VP
provided VBN I-VP
to TO B-VP
maintain VB I-VP
the DT B-NP
program NN I-NP
, , O
but CC O
Mr. NNP B-NP
Rudman NNP I-NP
also RB B-ADVP
succeeded VBD B-VP
in IN B-PP
attaching VBG B-VP
language NN B-NP
seeking VBG B-VP
to TO I-VP
curb VB I-VP
the DT B-NP
authority NN I-NP
of IN B-PP
the DT B-NP
current JJ I-NP
board NN I-NP
until IN B-SBAR
new JJ B-NP
members NNS I-NP
are VBP B-VP
confirmed VBN I-VP
. . O

The DT B-NP
effective JJ I-NP
date NN I-NP
of IN B-PP
any DT B-NP
new JJ I-NP
regulations NNS I-NP
by IN B-PP
the DT B-NP
current JJ I-NP
board NN I-NP
would MD B-VP
be VB I-VP
delayed VBN I-VP
until IN B-PP
Oct. NNP B-NP
1 CD I-NP
next JJ B-NP
year NN I-NP
, , O
and CC O
the DT B-NP
bill NN I-NP
seeks VBZ B-VP
to TO I-VP
reverse VB I-VP
efforts NNS B-NP
by IN B-PP
the DT B-NP
corporation NN I-NP
to TO B-VP
cut VB I-VP
off IN B-PRT
funds NNS B-NP
to TO B-PP
service VB B-NP
organizations NNS I-NP
such JJ B-PP
as IN I-PP
the DT B-NP
Food NNP I-NP
Research NNP I-NP
and CC I-NP
Action NNP I-NP
Center NNP I-NP
. . O

The DT B-NP
bill NN I-NP
also RB B-ADVP
provides VBZ B-VP
$ $ B-NP
620.5 CD I-NP
million CD I-NP
to TO B-VP
meet VB I-VP
U.S. NNP B-NP
contributions NNS I-NP
to TO B-PP
international JJ B-NP
organizations NNS I-NP
and CC O
$ $ B-NP
80 CD I-NP
million CD I-NP
for IN B-PP
peace-keeping NN B-NP
activities NNS I-NP
. . O

Both DT B-NP
accounts NNS I-NP
reflect VBP B-VP
significant JJ B-NP
increases NNS I-NP
from IN B-PP
fiscal JJ B-NP
1989 CD I-NP
, , O
although IN B-SBAR
the DT B-NP
amount NN I-NP
for IN B-PP
peace-keeping NN B-NP
shows VBZ B-VP
a DT B-NP
27 CD I-NP
% NN I-NP
cut NN I-NP
from IN B-PP
the DT B-NP
administration NN I-NP
's POS B-NP
request NN I-NP
. . O

Mercury NNP B-NP
Savings NNP I-NP
& CC I-NP
Loan NNP I-NP
Association NNP I-NP
said VBD B-VP
it PRP B-NP
retained VBD B-VP
Merrill NNP B-NP
Lynch NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
as IN B-PP
its PRP$ B-NP
lead NN I-NP
investment NN I-NP
banker NN I-NP
to TO B-VP
advise VB I-VP
it PRP B-NP
regarding VBG B-PP
a DT B-NP
possible JJ I-NP
sale NN I-NP
or CC I-NP
other JJ I-NP
combination NN I-NP
of IN B-PP
the DT B-NP
Huntington NNP I-NP
Beach NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
thrift NN I-NP
. . O

Mercury NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
assets NNS B-NP
of IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
2 CD I-NP
billion CD I-NP
and CC O
24 CD B-NP
branches NNS I-NP
in IN B-PP
California NNP B-NP
, , O
said VBD B-VP
the DT B-NP
action NN I-NP
to TO B-VP
improve VB I-VP
its PRP$ B-NP
regulatory JJ I-NP
capital NN I-NP
position NN I-NP
is VBZ B-VP
related VBN I-VP
directly RB B-ADVP
to TO B-PP
new JJ B-NP
capital NN I-NP
requirements NNS I-NP
mandated VBN B-VP
by IN B-PP
recently RB B-NP
adopted VBN I-NP
federal JJ I-NP
legislation NN I-NP
. . O

Mercury NNP B-NP
also RB B-ADVP
said VBD B-VP
it PRP B-NP
extended VBD B-VP
its PRP$ B-NP
two-year JJ I-NP
advisory JJ I-NP
relationship NN I-NP
with IN B-PP
Montgomery NNP B-NP
Securities NNP I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
. . O

Mercury NNP B-NP
's POS B-NP
stock NN I-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
4.875 CD I-NP
, , O
unchanged JJ B-ADJP
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

Watching VBG B-VP
Congress NNP B-NP
sweat NN B-VP
and CC I-VP
grimace NN I-VP
through IN B-PP
its PRP$ B-NP
annual JJ I-NP
budget NN I-NP
labors NNS I-NP
, , O
fighting VBG B-VP
the DT B-NP
urge NN I-NP
to TO B-VP
spend VB I-VP
more JJR B-NP
, , O
we PRP B-NP
're VBP B-VP
reminded VBD I-VP
of IN B-PP
those DT B-NP
late-night JJ I-NP
movies NNS I-NP
in IN B-PP
which WDT B-NP
the DT B-NP
anguished JJ I-NP
serial JJ I-NP
killer NN I-NP
turns VBZ B-VP
himself PRP B-NP
in IN B-PRT
to TO B-PP
police VB B-NP
and CC O
says VBZ B-VP
, , O
`` `` O
Stop VB B-VP
me PRP B-NP
before IN B-SBAR
I PRP B-NP
kill VBP B-VP
again RB B-ADVP
. . O
'' '' O

The DT B-NP
Members NNS I-NP
know VBP B-VP
they PRP B-NP
're VBP B-VP
doing VBG I-VP
wrong JJ B-NP
, , O
but CC O
they PRP B-NP
need VBP B-VP
help NN B-NP
to TO B-VP
restrain VB I-VP
their PRP$ B-NP
darker JJR I-NP
compulsions NNS I-NP
. . O

Arkansas NNP B-NP
Democrat NNP I-NP
David NNP I-NP
Pryor NNP I-NP
spilled VBD B-VP
his PRP$ B-NP
guts NNS I-NP
on IN B-PP
the DT B-NP
Senate NNP I-NP
floor NN I-NP
the DT B-NP
other JJ I-NP
day NN I-NP
after IN B-SBAR
he PRP B-NP
'd MD B-VP
joined VBD I-VP
the DT B-NP
Finance NNP I-NP
Committee NNP I-NP
's POS B-NP
early-morning JJ I-NP
pork-barrel JJ I-NP
revels NNS I-NP
: : O
`` `` O
I PRP B-NP
must MD B-VP
tell VB I-VP
you PRP B-NP
... : O

I PRP B-NP
come VBP B-VP
to TO B-PP
the DT B-NP
floor NN I-NP
tonight RB B-NP
as IN B-PP
one CD B-NP
who WP B-NP
ended VBD B-VP
up IN B-PRT
with IN B-PP
a DT B-NP
busload NN I-NP
of IN B-PP
extraneous JJ B-NP
matter NN I-NP
. . O

It PRP B-NP
was VBD B-VP
nothing NN B-NP
more JJR B-ADJP
or CC O
nothing NN B-NP
less JJR B-ADJP
than IN B-PP
a DT B-NP
feeding VBG I-NP
frenzy NN I-NP
. . O
'' '' O

He PRP B-NP
was VBD B-VP
turning VBG I-VP
himself PRP B-NP
in RB B-PRT
. . O

`` `` O
Frankly RB B-ADVP
, , O
as IN B-SBAR
I PRP B-NP
was VBD B-VP
walking VBG I-VP
back RB B-ADVP
to TO B-VP
get VB I-VP
in IN B-PP
my PRP$ B-NP
car NN I-NP
, , O
I PRP B-NP
heard VBD B-VP
many JJ B-NP
, , I-NP
many JJ I-NP
people NNS I-NP
... : O
opening NN B-VP
champagne NN B-NP
bottles NNS I-NP
and CC O
celebrating VBG B-VP
individual JJ B-NP
victories NNS I-NP
that IN B-NP
some DT B-NP
of IN B-PP
us PRP B-NP
had VBD B-VP
accomplished VBN I-VP
in IN B-PP
getting VBG B-VP
our PRP$ B-NP
little JJ I-NP
deal NN I-NP
in IN B-PP
the DT B-NP
tax NN I-NP
bill NN I-NP
and CC O
winking VBG B-VP
at IN B-PP
this DT B-NP
person NN I-NP
for IN B-PP
slipping VBG B-VP
this DT B-NP
in NN B-PRT
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
As IN B-SBAR
I PRP B-NP
was VBD B-VP
driving VBG I-VP
home NN B-ADVP
, , O
I PRP B-NP
did VBD B-VP
not RB I-VP
feel VB I-VP
very RB B-ADJP
good JJ I-ADJP
about IN B-PP
myself PRP B-NP
. . O
'' '' O

We PRP B-NP
can MD B-VP
applaud VB I-VP
Mr. NNP B-NP
Pryor NNP I-NP
's POS B-NP
moment NN I-NP
of IN B-PP
epiphany NN B-NP
, , O
even RB B-SBAR
as IN I-SBAR
we PRP B-NP
understand VBP B-VP
that IN B-SBAR
he PRP B-NP
and CC O
his PRP$ B-NP
confreres FW I-NP
need NN B-VP
restraint NN B-NP
lest IN B-SBAR
they PRP B-NP
kill VBP B-VP
again RB B-ADVP
. . O

A DT B-NP
good JJ I-NP
place NN I-NP
to TO B-VP
start VB I-VP
the DT B-NP
rehabilitation NN I-NP
is VBZ B-VP
a DT B-NP
`` `` I-NP
legislative JJ I-NP
line-item JJ I-NP
veto NN I-NP
'' '' I-NP
bill NN I-NP
now RB B-VP
being VBG I-VP
offered VBN I-VP
by IN B-PP
Indiana NNP B-NP
Senator NNP I-NP
Dan NNP I-NP
Coats NNP I-NP
. . O

The DT B-NP
Coats NNP I-NP
bill NN I-NP
, , O
which WDT B-NP
already RB B-ADVP
has VBZ B-VP
32 CD B-NP
Senate NNP I-NP
co-sponsors NNS I-NP
, , O
is VBZ B-VP
n't RB O
a DT B-NP
pure JJ I-NP
line-item JJ I-NP
veto NN I-NP
because IN B-SBAR
it PRP B-NP
would MD B-VP
apply VB I-VP
only RB B-ADVP
to TO B-PP
spending NN B-NP
bills NNS I-NP
. . O

Instead RB B-ADVP
it PRP B-NP
's VBZ B-VP
a DT B-NP
form NN I-NP
of IN B-PP
`` `` O
enhanced VBN B-NP
rescission NN I-NP
, , O
'' '' O
giving VBG B-VP
a DT B-NP
President NNP I-NP
a DT B-NP
chance NN I-NP
to TO B-VP
rescind VB I-VP
, , I-VP
or CC I-VP
strike NN I-VP
, , O
specific JJ B-NP
spending NN I-NP
items NNS I-NP
that WDT B-NP
just RB B-ADVP
go VB B-VP
too RB B-ADVP
far RB I-ADVP
. . O

Under IN B-PP
the DT B-NP
proposal NN I-NP
, , O
a DT B-NP
President NNP I-NP
would MD B-VP
have VB I-VP
a DT B-NP
chance NN I-NP
twice RB B-ADVP
each DT B-NP
year NN I-NP
to TO B-VP
return VB I-VP
a DT B-NP
package NN I-NP
of IN B-PP
`` `` O
rescissions NNS B-NP
'' '' O
to TO B-PP
the DT B-NP
Hill NNP I-NP
-- : O
once RB B-ADVP
when WRB B-ADVP
he PRP B-NP
proposes VBZ B-VP
his PRP$ B-NP
budget NN I-NP
and CC O
again RB B-ADVP
after IN B-SBAR
Congress NNP B-NP
disposes VBZ B-VP
. . O

Congress NNP B-NP
would MD B-VP
have VB I-VP
20 CD B-NP
days NNS I-NP
to TO B-VP
reject VB I-VP
the DT B-NP
package NN I-NP
with IN B-PP
a DT B-NP
50 CD I-NP
% NN I-NP
majority NN I-NP
, , O
but CC O
then RB B-ADVP
a DT B-NP
President NNP I-NP
could MD B-VP
veto VB I-VP
that DT B-NP
rejection NN I-NP
. . O

Congress NNP B-NP
would MD B-VP
then RB I-VP
need VB I-VP
the DT B-NP
usual JJ I-NP
two-thirds NNS I-NP
majority NN I-NP
to TO B-VP
override VB I-VP
any DT B-NP
veto NN I-NP
. . O

The DT B-NP
proposal NN I-NP
would MD B-VP
restore VB I-VP
some DT B-NP
discipline NN I-NP
erased VBN B-VP
from IN B-PP
the DT B-NP
budget NN I-NP
process NN I-NP
by IN B-PP
the DT B-NP
1974 CD I-NP
Budget NNP I-NP
`` `` I-NP
Reform NNP I-NP
'' '' I-NP
Act NNP I-NP
. . O

Before IN B-PP
1974 CD B-NP
, , O
a DT B-NP
President NNP I-NP
could MD B-VP
`` `` O
impound VB B-VP
, , O
'' '' O
or CC O
refuse VB B-VP
to TO I-VP
spend VB I-VP
, , O
funds NNS B-NP
appropriated VBN B-VP
by IN B-PP
Congress NNP B-NP
. . O

Presidents NNP B-NP
Kennedy NNP I-NP
and CC I-NP
Johnson NNP I-NP
were VBD B-VP
both DT O
big JJ B-NP
users NNS I-NP
of IN B-PP
the DT B-NP
impoundment NN I-NP
power NN I-NP
, , O
but CC O
Congress NNP B-NP
saw VBD B-VP
its PRP$ B-NP
chance NN I-NP
against IN B-PP
a DT B-NP
weakened VBN I-NP
President NNP I-NP
Nixon NNP I-NP
and CC O
stripped VBN B-VP
it PRP B-NP
away RB B-PRT
. . O

Today NN B-NP
a DT B-NP
President NNP I-NP
can MD B-VP
still RB I-VP
send VB I-VP
up IN B-PRT
spending NN B-NP
rescissions NNS I-NP
, , O
but CC O
they PRP B-NP
're VBP B-VP
meaningless JJ B-ADJP
unless IN B-SBAR
Congress NNP B-NP
has VBZ B-VP
a DT B-NP
guilty JJ I-NP
conscience NN I-NP
and CC O
changes NNS B-VP
its PRP$ B-NP
mind NN I-NP
. . O

This DT B-NP
is VBZ B-VP
like IN B-PP
asking VBG B-VP
foxes NNS B-NP
to TO B-VP
feel VB I-VP
remorse NN B-NP
about IN B-PP
chickens NNS B-NP
, , O
and CC O
naturally RB B-ADVP
rescissions NNS B-NP
are VBP B-VP
almost RB I-VP
never RB I-VP
approved VBD I-VP
. . O

In IN B-PP
1987 CD B-NP
, , O
President NNP B-NP
Reagan NNP I-NP
sent VBD B-VP
73 CD B-NP
rescissions NNS I-NP
back RB B-ADVP
to TO B-PP
the DT B-NP
Hill NNP I-NP
, , O
but CC O
only RB B-NP
3 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
spending NN I-NP
total NN I-NP
was VBD B-VP
approved VBN I-VP
by IN B-PP
Congress NNP B-NP
. . O

Senator NNP B-NP
Coats NNP I-NP
's POS B-NP
proposal NN I-NP
would MD B-VP
let VB I-VP
the DT B-NP
proposed VBN I-NP
spending NN I-NP
cuts NNS I-NP
take VBP B-VP
place NN B-NP
automatically RB B-ADVP
unless IN B-SBAR
Congress NNP B-NP
acts NNS B-VP
. . O

The DT B-NP
Members NNS I-NP
could MD B-VP
still RB I-VP
try VB I-VP
to TO I-VP
serve VB I-VP
their PRP$ B-NP
constituents NNS I-NP
with IN B-PP
special-interest JJ B-NP
goodies NNS I-NP
, , O
but CC O
the DT B-NP
police NN I-NP
-LRB- ( O
in IN B-PP
the DT B-NP
form NN I-NP
of IN B-PP
a DT B-NP
President NNP I-NP
-RRB- ) O
would MD B-VP
be VB I-VP
there RB B-ADVP
with IN B-PP
a DT B-NP
straitjacket NN I-NP
if IN B-SBAR
they PRP B-NP
really RB B-ADVP
get VBP B-VP
crazy JJ B-ADJP
, , O
as IN B-SBAR
they PRP B-NP
do VBP B-VP
now RB B-ADVP
. . O

Mr. NNP B-NP
Coats NNP I-NP
plans VBZ B-VP
to TO I-VP
offer VB I-VP
his PRP$ B-NP
proposal NN I-NP
as IN B-PP
an DT B-NP
amendment NN I-NP
to TO B-PP
a DT B-NP
bill NN I-NP
to TO B-VP
raise VB I-VP
the DT B-NP
federal JJ I-NP
debt NN I-NP
limit NN I-NP
before IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
month NN I-NP
. . O

President NNP B-NP
Bush NNP I-NP
has VBZ B-VP
endorsed VBN I-VP
the DT B-NP
idea NN I-NP
, , O
and CC O
at IN B-NP
least JJS I-NP
50 CD I-NP
sitting VBG I-NP
Senators NNS I-NP
have VBP B-VP
voted VBN I-VP
to TO I-VP
support VB I-VP
enhanced VBN B-NP
rescission NN I-NP
authority NN I-NP
in IN B-PP
the DT B-NP
past NN I-NP
. . O

We PRP B-NP
're VBP B-VP
told VBD I-VP
Senator NNP B-NP
Pryor NNP I-NP
is VBZ B-VP
n't RB O
yet RB B-ADVP
a DT B-NP
co-sponsor NN I-NP
, , O
but CC O
if IN B-SBAR
he PRP B-NP
and CC O
his PRP$ B-NP
colleagues NNS I-NP
are VBP B-VP
serious JJ B-ADJP
about IN B-PP
kicking VBG B-VP
their PRP$ B-NP
compulsions NNS I-NP
, , O
they PRP B-NP
'll MD B-VP
sign VB I-VP
up RB B-PRT
. . O

Business NN B-NP
and CC I-NP
civic JJ I-NP
operations NNS I-NP
lurched VBD B-VP
back RB B-ADVP
toward IN B-PP
normalcy NN B-NP
here RB B-ADVP
as IN B-SBAR
congressional JJ B-NP
officials NNS I-NP
estimated VBN B-VP
that IN B-SBAR
the DT B-NP
price NN I-NP
tag NN I-NP
for IN B-PP
emergency NN B-NP
assistance NN I-NP
to TO B-PP
earthquake-ravaged JJ B-NP
California NNP I-NP
would MD B-VP
total VB I-VP
at IN B-NP
least JJS I-NP
$ $ I-NP
2.5 CD I-NP
billion CD I-NP
. . O

`` `` O
That DT B-NP
is VBZ B-VP
a DT B-NP
minimum JJ I-NP
figure NN I-NP
, , O
and CC O
I PRP B-NP
underscore VBP B-VP
minimum JJ B-NP
, , O
'' '' O
said VBD B-VP
House NNP B-NP
Speaker NNP I-NP
Thomas NNP I-NP
Foley NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Wash NNP B-NP
. . O
-RRB- ) O
after IN B-PP
conferring VBG B-VP
with IN B-PP
California NNP B-NP
lawmakers NNS I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
impossible JJ B-ADJP
to TO B-VP
put VB I-VP
an DT B-NP
exact JJ I-NP
figure NN I-NP
on IN B-PP
it PRP B-NP
at IN B-PP
this DT B-NP
time NN I-NP
. . O
'' '' O

The DT B-NP
Office NNP I-NP
of IN B-PP
Management NNP B-NP
and CC I-NP
Budget NNP I-NP
has VBZ B-VP
begun VBN I-VP
looking VBG I-VP
into IN B-PP
legislation NN B-NP
to TO B-VP
provide VB I-VP
more JJR B-NP
funds NNS I-NP
for IN B-PP
earthquake NN B-NP
repairs NNS I-NP
. . O

And CC O
California NNP B-NP
's POS B-NP
45-member JJ I-NP
delegation NN I-NP
in IN B-PP
the DT B-NP
House NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
propose VB I-VP
that IN B-SBAR
emergency NN B-NP
funds NNS I-NP
be VBP B-VP
added VBN I-VP
to TO B-PP
a DT B-NP
stop-gap JJ I-NP
spending NN I-NP
bill NN I-NP
that IN B-NP
the DT B-NP
House NNP I-NP
Appropriations NNP I-NP
Committee NNP I-NP
is VBZ B-VP
to TO I-VP
consider VB I-VP
Monday NNP B-NP
. . O

For IN B-PP
the DT B-NP
most RBS I-NP
part NN I-NP
, , O
major JJ B-NP
corporations NNS I-NP
' POS B-NP
headquarters NN I-NP
and CC I-NP
plants NNS I-NP
were VBD B-VP
unaffected JJ B-ADJP
or CC O
only RB B-ADJP
slightly RB I-ADJP
damaged VBN I-ADJP
by IN B-PP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
, , O
which WDT B-NP
registered VBD B-VP
6.9 CD B-NP
on IN B-PP
the DT B-NP
Richter NNP I-NP
scale NN I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
last JJ I-NP
big JJ I-NP
employers NNS I-NP
in IN B-PP
the DT B-NP
Silicon NNP I-NP
Valley NNP I-NP
to TO B-VP
report VB I-VP
in IN B-PRT
, , O
Seagate NNP B-NP
Technology NNP I-NP
, , O
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
be VB I-VP
back RB B-ADVP
at IN B-PP
full JJ B-NP
strength NN I-NP
Monday NNP B-NP
. . O

The DT B-NP
day NN I-NP
before IN B-PP
the DT B-NP
quake NN I-NP
, , O
Seagate NNP B-NP
completed VBD B-VP
three CD B-NP
days NNS I-NP
of IN B-PP
emergency NN B-NP
training NN I-NP
and CC I-NP
drills NNS I-NP
. . O

Echoing VBG B-VP
the DT B-NP
response NN I-NP
of IN B-PP
almost RB B-NP
all DT I-NP
big JJ I-NP
corporations NNS I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
Area NNP I-NP
, , O
Don NNP B-NP
Waite NNP I-NP
, , O
Seagate NNP B-NP
's POS B-NP
chief JJ I-NP
financial JJ I-NP
officer NN I-NP
, , O
said VBD B-VP
, , O
`` `` O
I PRP B-NP
would MD B-VP
n't RB I-VP
expect VB I-VP
this DT B-NP
to TO B-VP
have VB I-VP
any DT B-NP
significant JJ I-NP
financial JJ I-NP
impact NN I-NP
. . O
'' '' O

The DT B-NP
city NN I-NP
's POS B-NP
recovery NN I-NP
from IN B-PP
the DT B-NP
earthquake NN I-NP
was VBD B-VP
uneven JJ B-ADJP
. . O

Banks NNP B-NP
indicated VBD B-VP
they PRP B-NP
were VBD B-VP
operating VBG I-VP
at IN B-PP
greater JJR B-NP
than IN I-NP
90 CD I-NP
% NN I-NP
of IN B-PP
their PRP$ B-NP
usual JJ I-NP
capacity NN I-NP
, , O
but CC O
a DT B-NP
Nob NNP I-NP
Hill NNP I-NP
hotel NN I-NP
said VBD B-VP
tourists NNS B-NP
had VBD B-VP
fled VBN I-VP
, , O
leaving VBG B-VP
the DT B-NP
previously RB I-NP
full JJ I-NP
hotel NN I-NP
with IN B-PP
an DT B-NP
80 CD I-NP
% NN I-NP
vacancy NN I-NP
rate NN I-NP
. . O

City NN B-NP
crews NNS I-NP
tallied VBD B-VP
the DT B-NP
wreckage NN I-NP
to TO B-PP
buildings NNS B-NP
, , O
but CC O
lacked VBD B-VP
a DT B-NP
clear JJ I-NP
sense NN I-NP
of IN B-PP
how WRB B-ADVP
gravely RB I-ADVP
transportation NN B-NP
arteries NNS I-NP
were VBD B-VP
disabled JJ I-VP
. . O

Among IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
banks NNS I-NP
, , O
Bank NNP B-NP
of IN B-PP
America NNP B-NP
said VBD B-VP
all DT B-NP
but CC I-NP
eight CD I-NP
of IN B-PP
its PRP$ B-NP
850 CD I-NP
branches NNS I-NP
were VBD B-VP
open JJ B-ADJP
. . O

The DT B-NP
closed VBD I-NP
branches NNS I-NP
, , O
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
Hayward NNP B-NP
, , O
Santa NNP B-NP
Clara NNP I-NP
and CC O
Santa NNP B-NP
Cruz NNP I-NP
, , O
sustained VBN B-VP
structural JJ B-NP
damage NN I-NP
. . O

Power NN B-NP
failures NNS I-NP
kept VBD B-VP
just RB B-NP
seven CD I-NP
of IN B-PP
its PRP$ B-NP
1,500 CD I-NP
automated-teller JJ I-NP
machines NNS I-NP
off-line JJ B-ADJP
. . O

Securities-trading JJ B-NP
operations NNS I-NP
were VBD B-VP
moved VBN I-VP
to TO B-PP
Bank NNP B-NP
of IN B-PP
America NNP B-NP
's POS B-NP
Concord NNP I-NP
office NN I-NP
, , O
and CC O
foreign-exchange JJ B-NP
trading NN I-NP
operations NNS I-NP
were VBD B-VP
shifted VBN I-VP
to TO B-PP
Los NNP B-NP
Angeles NNP I-NP
, , O
the DT B-NP
bank NN I-NP
said VBD B-VP
. . O

Wells NNP B-NP
Fargo NNP I-NP
& CC I-NP
Co. NNP I-NP
said VBD B-VP
its PRP$ B-NP
Emergency NNP I-NP
Operations NNP I-NP
Committee NNP I-NP
-- : O
which WDT B-NP
met VBD B-VP
all DT B-NP
night NN I-NP
Tuesday NNP B-NP
-- : O
moved VBD B-VP
its PRP$ B-NP
global-funds JJ I-NP
transfer NN I-NP
system NN I-NP
to TO B-PP
El NNP B-NP
Monte NNP I-NP
, , O
Calif. NNP B-NP
, , O
500 CD B-NP
miles NNS I-NP
to TO B-PP
the DT B-NP
south RB I-NP
. . O

Only RB B-NP
five CD I-NP
of IN B-PP
496 CD B-NP
branches NNS I-NP
statewide JJ B-ADVP
remain VB B-VP
closed VBD B-ADJP
, , O
while IN B-SBAR
23 CD B-NP
of IN B-PP
600 CD B-NP
automated-teller JJ I-NP
machines NNS I-NP
remained VBD B-VP
out IN B-PP
of IN B-PP
order NN B-NP
. . O

The DT B-NP
most RBS I-NP
extensive JJ I-NP
damage NN I-NP
was VBD B-VP
in IN B-PP
small JJ B-NP
towns NNS I-NP
near IN B-PP
the DT B-NP
quake NN I-NP
's POS B-NP
epicenter NN I-NP
, , O
80 CD B-NP
miles NNS I-NP
south RB B-ADVP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
. . O

Santa NNP B-NP
Cruz NNP I-NP
County NNP I-NP
estimates NNS B-VP
total JJ B-NP
damage NN I-NP
at IN B-PP
nearly RB B-NP
$ $ I-NP
600 CD I-NP
million CD I-NP
. . O

Santa NNP B-NP
Clara NNP I-NP
County NNP I-NP
has VBZ B-VP
a DT B-NP
running VBG I-NP
total JJ I-NP
so RB B-ADVP
far RB I-ADVP
of IN B-PP
$ $ B-NP
504 CD I-NP
million CD I-NP
, , O
excluding VBG B-PP
the DT B-NP
hard-hit JJ I-NP
city NN I-NP
of IN B-PP
Los NNP B-NP
Gatos NNP I-NP
. . O

Oakland NN B-NP
officials NNS I-NP
were VBD B-VP
still RB B-ADVP
uncertain JJ B-ADJP
about IN B-PP
the DT B-NP
magnitude NN I-NP
of IN B-PP
structural JJ B-NP
damage NN I-NP
late JJ B-NP
yesterday NN I-NP
; : O
a DT B-NP
section NN I-NP
of IN B-PP
I-880 NN B-NP
, , O
a DT B-NP
twotiered JJ I-NP
highway NN I-NP
, , O
collapsed VBD B-VP
in IN B-PP
Oakland NNP B-NP
, , O
causing VBG B-VP
a DT B-NP
majority NN I-NP
of IN B-PP
the DT B-NP
deaths NNS I-NP
resulting VBG B-VP
from IN B-PP
the DT B-NP
quake NN I-NP
. . O

San NNP B-NP
Francisco NNP I-NP
Mayor NNP I-NP
Art NNP I-NP
Agnos NNP I-NP
estimated VBD B-VP
that IN B-SBAR
damages NNS B-NP
to TO B-PP
the DT B-NP
city NN I-NP
total JJ B-VP
$ $ B-NP
2 CD I-NP
billion CD I-NP
. . O

That DT B-NP
includes VBZ B-VP
dwellings NNS B-NP
in IN B-PP
the DT B-NP
ravaged VBN I-NP
Marina NNP I-NP
district NN I-NP
that WDT B-NP
must MD B-VP
be VB I-VP
demolished VBN I-VP
, , O
peeled VBN B-NP
business NN I-NP
facades NNS I-NP
south RB B-ADVP
of IN B-PP
Market NNP B-NP
Street NNP I-NP
, , O
and CC O
houses NNS B-NP
in IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
outer JJ I-NP
Richmond NNP I-NP
district NN I-NP
that WDT B-NP
were VBD B-VP
heaved VBN I-VP
off IN B-PP
their PRP$ B-NP
foundations NNS I-NP
. . O

Many JJ B-NP
streets NNS I-NP
and CC I-NP
sidewalks NNS I-NP
buckled VBD B-VP
, , O
and CC O
subterranean JJ B-NP
water NN I-NP
mains NNS I-NP
and CC I-NP
service NN I-NP
connections NNS I-NP
ruptured VBN B-VP
. . O

The DT B-NP
federal JJ I-NP
funds NNS I-NP
would MD B-VP
go VB I-VP
to TO B-PP
a DT B-NP
range NN I-NP
of IN B-PP
programs NNS B-NP
, , O
including VBG B-PP
the DT B-NP
Federal NNP I-NP
Emergency NNP I-NP
Management NNP I-NP
Agency NNP I-NP
, , O
highway NN B-NP
construction NN I-NP
accounts NNS I-NP
and CC O
the DT B-NP
Small NNP I-NP
Business NNP I-NP
Administration NNP I-NP
, , O
according VBG B-PP
to TO B-PP
Rep. NNP B-NP
Vic NNP I-NP
Fazio NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Calif NNP B-NP
. . O
-RRB- ) O
. . O

FEMA NNP B-NP
, , O
which WDT B-NP
coordinates VBZ B-VP
federal JJ B-NP
disaster NN I-NP
relief NN I-NP
, , O
is VBZ B-VP
already RB B-ADVP
strapped VBN B-ADJP
by IN B-PP
the DT B-NP
costs NNS I-NP
of IN B-PP
cleaning NN B-VP
up IN B-PRT
after IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
, , O
which WDT B-NP
hit VBD B-VP
the DT B-NP
Carolinas NNPS I-NP
last JJ B-NP
month NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
get VB I-VP
as RB B-NP
much JJ I-NP
as IN I-NP
$ $ I-NP
800 CD I-NP
million CD I-NP
initially RB B-ADVP
in IN B-PP
additional JJ B-NP
funds NNS I-NP
, , O
and CC O
eventually RB B-VP
could MD I-VP
get VB I-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
, , O
according VBG B-PP
to TO B-PP
Mr. NNP B-NP
Fazio NNP I-NP
, , O
a DT B-NP
member NN I-NP
of IN B-PP
the DT B-NP
House NNP I-NP
Appropriations NNP I-NP
Committee NNP I-NP
. . O

White NNP B-NP
House NNP I-NP
spokesman NN I-NP
Marlin NNP I-NP
Fitzwater NNP I-NP
said VBD B-VP
there EX B-NP
is VBZ B-VP
enough JJ B-NP
money NN I-NP
on IN B-PP
hand NN B-NP
to TO B-VP
deal VB I-VP
with IN B-PP
immediate JJ B-NP
requirements NNS I-NP
. . O

The DT B-NP
Bush NNP I-NP
administration NN I-NP
has VBZ B-VP
at IN B-PP
its PRP$ B-NP
disposal NN I-NP
$ $ B-NP
273 CD I-NP
million CD I-NP
in IN B-PP
funds NNS B-NP
remaining VBG B-VP
from IN B-PP
the DT B-NP
$ $ I-NP
1.1 CD I-NP
billion CD I-NP
Congress NNP B-NP
released VBD B-VP
for IN B-PP
the DT B-NP
cleanup NN I-NP
after IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
. . O

`` `` O
We PRP B-NP
feel VBP B-VP
we PRP B-NP
have VBP B-VP
the DT B-NP
money NN I-NP
necessary JJ B-ADJP
to TO B-VP
handle VB I-VP
the DT B-NP
immediate JJ I-NP
, , I-NP
short-term JJ I-NP
requirements NNS I-NP
, , O
'' '' O
Mr. NNP B-NP
Fitzwater NNP I-NP
said VBD B-VP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
the DT B-NP
Office NNP I-NP
of IN B-PP
Management NNP B-NP
and CC I-NP
Budget NNP I-NP
, , O
the DT B-NP
Transportation NNP I-NP
Department NNP I-NP
and CC O
other JJ B-NP
agencies NNS I-NP
are VBP B-VP
`` `` O
developing VBG B-VP
longer-term JJ B-NP
legislation NN I-NP
'' '' O
that WDT B-NP
should MD B-VP
be VB I-VP
ready JJ B-ADJP
soon RB B-ADVP
. . O

Much RB B-NP
of IN B-PP
the DT B-NP
cost NN I-NP
of IN B-PP
cleaning NN B-VP
up IN B-PRT
after IN B-PP
the DT B-NP
earthquake NN I-NP
will MD B-VP
involve VB I-VP
repairing VBG I-VP
highways NNS B-NP
and CC I-NP
bridges NNS I-NP
. . O

California JJ B-NP
lawmakers NNS I-NP
are VBP B-VP
seeking VBG I-VP
changes NNS B-NP
in IN B-PP
rules NNS B-NP
governing VBG B-VP
the DT B-NP
federal JJ I-NP
highway NN I-NP
relief NN I-NP
program NN I-NP
so RB O
more JJR B-NP
money NN I-NP
can MD B-VP
be VB I-VP
made VBN I-VP
available JJ B-ADJP
for IN B-PP
the DT B-NP
state NN I-NP
. . O

Some DT B-NP
things NNS I-NP
ca MD B-VP
n't RB I-VP
be VB I-VP
repaired VBN I-VP
. . O

The DT B-NP
Asian NNP I-NP
Art NNP I-NP
Museum NNP I-NP
in IN B-PP
Golden NNP B-NP
Gate NNP I-NP
Park NNP I-NP
reports NNS B-VP
$ $ B-NP
10 CD I-NP
million CD I-NP
to TO I-NP
$ $ I-NP
15 CD I-NP
million CD I-NP
in IN B-PP
damage NN B-NP
, , O
including VBG B-PP
shattered VBN B-NP
porcelains NNS I-NP
and CC I-NP
stone NN I-NP
figures NNS I-NP
. . O

Its PRP$ B-NP
neighbor NN I-NP
, , O
the DT B-NP
De NNP I-NP
Young NNP I-NP
Museum NNP I-NP
, , O
totaled VBD B-VP
$ $ B-NP
3 CD I-NP
million CD I-NP
to TO I-NP
$ $ I-NP
5 NN I-NP
million CD I-NP
in IN B-PP
structural JJ B-NP
damage NN I-NP
and CC O
shattered VBN B-NP
sculpture NN I-NP
. . O

The DT B-NP
city NN I-NP
's POS B-NP
main JJ I-NP
library NN I-NP
is VBZ B-VP
closed VBN I-VP
because IN B-PP
of IN I-PP
fissures NNS B-NP
that WDT B-NP
opened VBD B-VP
in IN B-PP
its PRP$ B-NP
walls NNS I-NP
, , O
and CC O
marble NN B-NP
facings NNS I-NP
and CC O
ornamental JJ B-NP
plaster NN I-NP
at IN B-PP
the DT B-NP
Beaux NNP I-NP
Arts NNP I-NP
City NNP I-NP
Hall NNP I-NP
broke VBD B-VP
off IN B-PRT
in IN B-PP
the DT B-NP
temblor NN I-NP
. . O

The DT B-NP
ground NN I-NP
along IN B-PP
the DT B-NP
Embarcadero NNP I-NP
the DT B-NP
street NN I-NP
that IN B-NP
skirts VBZ B-VP
the DT B-NP
city NN I-NP
's POS B-NP
eastern JJ I-NP
boundary NN I-NP
and CC I-NP
piers NNS I-NP
-- : O
dropped VBD B-VP
six CD B-NP
inches NNS I-NP
after IN B-PP
the DT B-NP
quake NN I-NP
, , O
wreaking VBG B-VP
major JJ B-NP
damage NN I-NP
to TO B-PP
at IN B-NP
least JJS I-NP
one CD I-NP
of IN B-PP
the DT B-NP
piers NNS I-NP
. . O

At IN B-PP
San NNP B-NP
Francisco NNP I-NP
International NNP I-NP
Airport NNP I-NP
, , O
shock NN B-NP
waves NNS I-NP
wrecked VBD B-VP
the DT B-NP
control NN I-NP
tower NN I-NP
, , O
knocking VBG B-VP
down JJ B-ADVP
computers NNS B-NP
and CC O
shattering VBG B-VP
glass NN B-NP
. . O

Offices NNS B-NP
of IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
Rent NNP I-NP
Board NNP I-NP
were VBD B-VP
destroyed VBN I-VP
. . O

Mayor NNP B-NP
Agnos NNP I-NP
's POS B-NP
$ $ B-ADJP
2 CD O
billion CD O
estimate NN B-NP
does VBZ B-VP
n't RB I-VP
include VB I-VP
damage NN B-NP
to TO B-PP
freeway NN B-NP
arteries NNS I-NP
leading VBG B-VP
into IN B-PP
the DT B-NP
city NN I-NP
, , O
some DT B-NP
of IN B-PP
which WDT B-NP
remained VBD B-VP
closed VBN B-ADJP
. . O

A DT B-NP
major JJ I-NP
chunk NN I-NP
of IN B-PP
the DT B-NP
$ $ I-NP
2 CD I-NP
billion CD I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
eaten VBN I-VP
up IN B-PRT
by IN B-PP
overtime NN B-NP
for IN B-PP
city NN B-NP
workers NNS I-NP
deployed VBN B-VP
in IN B-PP
the DT B-NP
emergency NN I-NP
, , O
said VBD B-VP
a DT B-NP
spokesman NN I-NP
for IN B-PP
Mr. NNP B-NP
Agnos NNP I-NP
. . O

`` `` O
All DT B-NP
of IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
$ $ B-ADJP
5.9 CD O
million CD O
emergency NN B-NP
reserve NN I-NP
was VBD B-VP
spent VBN I-VP
in IN B-PP
the DT B-NP
first JJ I-NP
24 CD I-NP
hours NNS I-NP
'' '' O
on IN B-PP
overtime NN B-NP
salaries NNS I-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

Insurers NNS B-NP
struggled VBD B-VP
to TO I-VP
to TO I-VP
get VB I-VP
a DT B-NP
firm NN I-NP
grasp NN I-NP
on IN B-PP
the DT B-NP
volume NN I-NP
of IN B-PP
claims NNS B-NP
pouring VBG B-VP
into IN B-PP
their PRP$ B-NP
offices NNS I-NP
. . O

At IN B-PP
Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
142 CD B-NP
claims NNS I-NP
were VBD B-VP
received VBN I-VP
in IN B-PP
the DT B-NP
first JJ I-NP
24 CD I-NP
hours NNS I-NP
after IN B-PP
the DT B-NP
quake NN I-NP
, , O
and CC O
the DT B-NP
company NN I-NP
is VBZ B-VP
braced VBN I-VP
for IN B-PP
as RB B-NP
many JJ I-NP
as IN I-NP
5,000 CD I-NP
claims NNS I-NP
from IN B-PP
its PRP$ B-NP
35,000 CD I-NP
residential JJ I-NP
and CC I-NP
35,000 CD I-NP
business NN I-NP
policyholders NNS I-NP
in IN B-PP
the DT B-NP
affected VBN I-NP
area NN I-NP
. . O

`` `` O
Claims NNPS B-NP
range NN B-VP
from IN B-PP
a DT B-NP
scratched VBN I-NP
fender NN I-NP
-- : O
and CC O
there EX B-NP
were VBD B-VP
an DT B-NP
awful JJ I-NP
lot NN I-NP
of IN B-PP
cars NNS B-NP
damaged VBN B-VP
in IN B-PP
this DT B-NP
-- : O
to TO B-PP
a DT B-NP
major JJ I-NP
processing NN I-NP
plant NN I-NP
, , O
'' '' O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
delivering VBG I-VP
a DT B-NP
check NN I-NP
for IN B-PP
$ $ B-NP
750,000 CD I-NP
to TO B-PP
an DT B-NP
automotive JJ I-NP
business NN I-NP
in IN B-PP
Berkeley NNP B-NP
that WDT B-NP
burned VBD B-VP
on IN B-PP
Tuesday NNP B-NP
. . O
'' '' O

Fireman NNP B-NP
's POS B-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
a DT B-NP
$ $ I-NP
38 CD I-NP
million CD I-NP
syndicate NN I-NP
that IN B-NP
supplies NNS B-VP
business NN B-NP
interruption NN I-NP
insurance NN I-NP
to TO B-PP
the DT B-NP
city NN I-NP
on IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
, , O
which WDT B-NP
must MD B-VP
pay VB I-VP
employees NNS B-NP
during IN B-PP
the DT B-NP
three CD I-NP
weeks NNS I-NP
or CC I-NP
more JJR I-NP
it PRP B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
out IN B-PP
of IN B-PP
service NN B-NP
and CC O
deprived VBN B-VP
of IN B-PP
toll NN B-NP
income NN I-NP
. . O

California JJ B-NP
lawmakers NNS I-NP
want VBP B-VP
to TO I-VP
eliminate VB I-VP
temporarily RB B-ADVP
a DT B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
cap NN I-NP
on IN B-PP
the DT B-NP
amount NN I-NP
of IN B-PP
federal JJ B-NP
highway NN I-NP
relief NN I-NP
for IN B-PP
each DT B-NP
state NN I-NP
for IN B-PP
each DT B-NP
disaster NN I-NP
, , O
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
a DT B-NP
prohibition NN I-NP
on IN B-PP
using VBG B-VP
the DT B-NP
emergency NN I-NP
highway NN I-NP
aid NN I-NP
to TO B-VP
repair VB I-VP
toll NN B-NP
roads NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
under IN B-PP
the DT B-NP
highway-relief JJ I-NP
program NN I-NP
, , O
the DT B-NP
federal JJ I-NP
government NN I-NP
provides VBZ B-VP
100 CD B-NP
% NN I-NP
of IN B-PP
emergency NN B-NP
highway NN I-NP
aid NN I-NP
for IN B-PP
only RB B-NP
the DT I-NP
first JJ I-NP
90 CD I-NP
days NNS I-NP
of IN B-PP
a DT B-NP
repair NN I-NP
effort NN I-NP
. . O

After IN B-PP
that DT B-NP
, , O
the DT B-NP
federal JJ I-NP
share NN I-NP
diminishes VBZ B-VP
. . O

For IN B-PP
interstate JJ B-NP
highways NNS I-NP
, , O
the DT B-NP
federal JJ I-NP
share NN I-NP
normally RB B-ADVP
would MD B-VP
drop VB I-VP
to TO B-PP
90 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
cost NN I-NP
of IN B-PP
repairs NNS B-NP
, , O
and CC O
the DT B-NP
state NN I-NP
would MD B-VP
have VB I-VP
to TO I-VP
pick VB I-VP
up IN B-PRT
the DT B-NP
remainder NN I-NP
of IN B-PP
the DT B-NP
cost NN I-NP
. . O

But CC O
lawmakers NNS B-NP
want VBP B-VP
to TO I-VP
extend VB I-VP
the DT B-NP
period NN I-NP
for IN B-PP
100 CD B-NP
% NN I-NP
federal JJ I-NP
funding NN I-NP
for IN B-PP
several JJ B-NP
months NNS I-NP
. . O

Those DT B-NP
changes NNS I-NP
also RB B-ADVP
would MD B-VP
apply VB I-VP
to TO B-PP
two CD B-NP
areas NNS I-NP
hit VBD B-VP
hard JJ B-ADVP
by IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
-- : O
South NNP B-NP
Carolina NNP I-NP
and CC O
the DT B-NP
U.S. NNP I-NP
Virgin NNP I-NP
Islands NNPS I-NP
, , O
according VBG B-PP
to TO B-PP
an DT B-NP
aide NN I-NP
to TO B-PP
Rep. NNP B-NP
Fazio NNP I-NP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
FEMA NNP I-NP
announced VBD B-VP
a DT B-NP
toll-free JJ I-NP
telephone NN I-NP
number NN I-NP
-LRB- ( O
800-462-9029 CD B-NP
-RRB- ) O
to TO B-VP
expedite VB I-VP
service NN B-NP
to TO B-PP
victims NNS B-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
. . O

Lines NNS B-NP
will MD B-VP
be VB I-VP
available JJ B-ADJP
24 CD B-NP
hours VBZ I-NP
a DT B-NP
day NN I-NP
to TO B-VP
take VB I-VP
applications NNS B-NP
for IN B-PP
such JJ B-NP
disaster NN I-NP
relief NN I-NP
as IN B-PP
temporary JJ B-NP
housing NN I-NP
and CC O
emergency NN B-NP
home NN I-NP
repairs NNS I-NP
by IN B-PP
phone NN B-NP
. . O

Transportation NN B-NP
officials NNS I-NP
are VBP B-VP
expecting VBG I-VP
utter JJ B-NP
traffic NN I-NP
pandemonium NN I-NP
beginning VBG B-VP
Monday NNP B-NP
and CC O
growing VBG B-VP
worse JJR B-ADJP
over IN B-PP
the DT B-NP
next JJ I-NP
several JJ I-NP
weeks NNS I-NP
. . O

Some DT B-NP
250,000 CD I-NP
cars NNS I-NP
normally RB B-ADVP
cross VBP B-VP
the DT B-NP
closed VBN I-NP
Bay NNP I-NP
Bridge NNP I-NP
between IN B-PP
Oakland NNP B-NP
and CC O
San NNP B-NP
Francisco NNP I-NP
daily JJ B-ADVP
. . O

Officials NNS B-NP
say VBP B-VP
it PRP B-NP
is VBZ B-VP
clear JJ B-ADJP
that IN B-SBAR
alternate JJ B-NP
routes NNS I-NP
ca MD B-VP
n't RB I-VP
handle VB I-VP
the DT B-NP
overflow NN I-NP
. . O

The DT B-NP
state NN I-NP
is VBZ B-VP
calling VBG I-VP
in IN B-PRT
a DT B-NP
flotilla NN I-NP
of IN B-PP
navy NN B-NP
landing NN I-NP
vessels NNS I-NP
and CC O
other JJ B-NP
boats NNS I-NP
to TO B-VP
expand VB I-VP
ferry NN B-NP
service NN I-NP
across IN B-PP
the DT B-NP
bay NN I-NP
and CC O
hopes VBZ B-VP
to TO I-VP
add VB I-VP
numerous JJ B-NP
new JJ I-NP
bus NN I-NP
routes NNS I-NP
and CC I-NP
train NN I-NP
departures NNS I-NP
to TO B-VP
help VB I-VP
alleviate VB I-VP
the DT B-NP
traffic NN I-NP
problem NN I-NP
. . O

Moreover RB B-ADVP
, , O
state NN B-NP
officials NNS I-NP
are VBP B-VP
urging VBG I-VP
freight NN B-NP
haulers NNS I-NP
to TO B-VP
bypass VB I-VP
many NN B-NP
of IN B-PP
the DT B-NP
area NN I-NP
's POS B-NP
main JJ I-NP
highways NNS I-NP
and CC O
to TO B-VP
travel VB I-VP
late RB B-ADVP
at IN B-PP
night NN B-NP
or CC O
during IN B-PP
predawn JJ B-NP
hours NNS I-NP
. . O

Even RB B-ADVP
so RB I-ADVP
, , O
`` `` O
We PRP B-NP
're VBP B-VP
looking VBG I-VP
for IN B-PP
chaos NN B-NP
, , O
'' '' O
said VBD B-VP
George NNP B-NP
Gray NNP I-NP
, , O
a DT B-NP
deputy NN I-NP
district NN I-NP
director NN I-NP
at IN B-PP
the DT B-NP
California NNP I-NP
Department NNP I-NP
of IN B-PP
Transportation NNP B-NP
. . O

`` `` O
If IN B-SBAR
there EX B-NP
's VBZ B-VP
any DT B-NP
way NN I-NP
you PRP B-NP
can MD B-VP
do VB I-VP
it PRP B-NP
, , O
you PRP B-NP
ought MD B-VP
to TO I-VP
go VB I-VP
to TO B-PP
Idaho NNP B-NP
and CC O
go VB B-VP
fishing NN B-NP
for IN B-PP
a DT B-NP
while NN I-NP
. . O
'' '' O

Most JJS B-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
's POS B-NP
tourists NNS I-NP
and CC I-NP
business NN I-NP
travelers NNS I-NP
already RB B-ADVP
have VBP B-VP
left VBN I-VP
-- : O
despite IN B-PP
hotel NN B-NP
's POS B-NP
offers NNS I-NP
of IN B-PP
rate NN B-NP
cuts NNS I-NP
. . O

`` `` O
Everyone NN B-NP
left VBN B-VP
, , O
'' '' O
said VBD B-VP
Peter NNP B-NP
Lang NNP I-NP
, , O
reservations NNS B-NP
manager NN I-NP
of IN B-PP
the DT B-NP
Mark NNP I-NP
Hopkins NNP I-NP
Hotel NNP I-NP
. . O

The DT B-NP
Westin NNP I-NP
St. NNP I-NP
Francis NNP I-NP
hotel NN I-NP
, , O
which WDT B-NP
survived VBD B-VP
the DT B-NP
1906 CD I-NP
earthquake NN I-NP
and CC I-NP
fire NN I-NP
, , O
currently RB B-ADVP
is VBZ B-VP
less JJR B-NP
than IN I-NP
50 CD I-NP
% NN I-NP
occupied VBN B-ADJP
. . O

`` `` O
We PRP B-NP
still RB B-ADVP
have VBP B-VP
our PRP$ B-NP
die-hard JJ I-NP
baseball NN I-NP
fans NNS I-NP
, , O
'' '' O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

`` `` O
One CD B-NP
lady NN I-NP
from IN B-PP
New NNP B-NP
York NNP I-NP
said VBD B-VP
she PRP B-NP
's VBZ B-VP
not RB I-VP
going VBG I-VP
home NN B-ADVP
until IN B-SBAR
the DT B-NP
-LCB- ( I-NP
World NNP I-NP
Series NNP I-NP
-RCB- ) O
is VBZ B-VP
over IN B-ADVP
. . O
'' '' O

Gerald NNP B-NP
F. NNP I-NP
Seib NNP I-NP
and CC O
Joe NNP B-NP
Davidson NNP I-NP
in IN B-PP
Washington NNP B-NP
contributed VBD B-VP
to TO B-PP
this DT B-NP
article NN I-NP
. . O

Is VBZ O
an DT B-NP
American NNP I-NP
Secretary NNP I-NP
of IN B-PP
State NNP B-NP
seriously RB B-VP
suggesting VBG I-VP
that IN B-SBAR
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
should MD B-VP
help VB I-VP
govern VB I-VP
Cambodia NNP B-NP
? . O

Apparently RB B-ADVP
so RB I-ADVP
. . O

There EX B-NP
are VBP B-VP
no DT B-NP
easy JJ I-NP
choices NNS I-NP
in IN B-PP
Cambodia NNP B-NP
, , O
but CC O
we PRP B-NP
ca MD B-VP
n't RB I-VP
imagine VB I-VP
that IN B-SBAR
it PRP B-NP
benefits VBZ B-VP
the DT B-NP
U.S. NNP I-NP
to TO B-VP
become VB I-VP
the DT B-NP
catalyst NN I-NP
for IN B-PP
an DT B-NP
all-too-familiar JJ I-NP
process NN I-NP
that WDT B-NP
could MD B-VP
end VB I-VP
in IN B-PP
another DT B-NP
round NN I-NP
of IN B-PP
horror NN B-NP
in IN B-PP
Cambodia NNP B-NP
. . O

Now RB B-ADVP
that IN B-SBAR
Vietnam NNP B-NP
appears VBZ B-VP
to TO I-VP
have VB I-VP
pulled VBN I-VP
out IN B-PRT
its PRP$ B-NP
occupation NN I-NP
army NN I-NP
, , O
the DT B-NP
State NNP I-NP
Department NNP I-NP
is VBZ B-VP
talking VBG I-VP
again RB B-ADVP
about IN B-PP
accepting VBG B-VP
an DT B-NP
`` `` I-NP
interim JJ I-NP
'' '' I-NP
coalition NN I-NP
government NN I-NP
in IN B-PP
the DT B-NP
Cambodian JJ I-NP
capital NN I-NP
of IN B-PP
Phnom NNP B-NP
Penh NNP I-NP
. . O

The DT B-NP
coalition NN I-NP
would MD B-VP
include VB I-VP
the DT B-NP
current JJ I-NP
Vietnamese-backed JJ I-NP
Hun NNP I-NP
Sen NNP I-NP
regime NN I-NP
, , O
the DT B-NP
two CD I-NP
non-communist JJ I-NP
resistance NN I-NP
groups NNS I-NP
led VBN B-VP
by IN B-PP
Son NNP B-NP
Sann NNP I-NP
and CC O
Prince NNP B-NP
Sihanouk NNP I-NP
, , O
and CC O
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
. . O

The DT B-NP
aim NN I-NP
would MD B-VP
be VB I-VP
to TO B-VP
end VB I-VP
the DT B-NP
guerrilla NN I-NP
war NN I-NP
for IN B-PP
control NN B-NP
of IN B-PP
Cambodia NNP B-NP
by IN B-PP
allowing VBG B-VP
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
a DT B-NP
small JJ I-NP
share NN I-NP
of IN B-PP
power NN B-NP
. . O

The DT B-NP
State NNP I-NP
Department NNP I-NP
says VBZ B-VP
that IN B-SBAR
any DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
participation NN I-NP
would MD B-VP
have VB I-VP
to TO I-VP
be VB I-VP
`` `` O
minimal JJ B-ADJP
. . O
'' '' O

The DT B-NP
usual JJ I-NP
problem NN I-NP
with IN B-PP
including VBG B-VP
communists NNS B-NP
in IN B-PP
`` `` B-NP
interim JJ I-NP
'' '' I-NP
coalition NN I-NP
governments NNS I-NP
is VBZ B-VP
that IN B-SBAR
their PRP$ B-NP
ideology NN I-NP
and CC I-NP
methods NNS I-NP
require VBP B-VP
they PRP B-NP
squeeze VBP B-VP
out IN B-PRT
everyone NN B-NP
else RB B-ADJP
. . O

Recall VB B-VP
that IN B-SBAR
Nicaragua NNP B-NP
's POS B-NP
Sandinistas NNPS I-NP
came VBD B-VP
into IN B-PP
Managua NNP B-NP
as IN B-PP
partners NNS B-NP
in IN B-PP
a DT B-NP
coalition NN I-NP
government NN I-NP
with IN B-PP
anti-Somoza JJ B-NP
moderates NNS I-NP
. . O

Within IN B-PP
two CD B-NP
years NNS I-NP
, , O
the DT B-NP
moderates NNS I-NP
were VBD B-VP
exiled VBN B-VP
or CC O
in IN B-PP
prison NN B-NP
, , O
Nicaragua NNP B-NP
had VBD B-VP
gone VBN I-VP
communist JJ B-ADJP
, , O
and CC O
the DT B-NP
Sandinistas NNPS I-NP
were VBD B-VP
building NN I-VP
one CD B-NP
of IN B-PP
the DT B-NP
biggest JJS I-NP
armies NNS I-NP
in IN B-PP
Latin NNP B-NP
America NNP I-NP
and CC O
threatening VBG B-VP
their PRP$ B-NP
neighbors NNS I-NP
. . O

In IN B-PP
Laos NNP B-NP
, , O
when WRB B-ADVP
the DT B-NP
Western JJ I-NP
powers NNS I-NP
bowed VBD B-VP
to TO B-PP
pressure VB B-NP
for IN B-PP
such JJ B-NP
a DT I-NP
coalition NN I-NP
it PRP B-NP
turned VBD B-VP
out IN B-PRT
they PRP B-NP
were VBD B-VP
opening VBG I-VP
the DT B-NP
door NN I-NP
to TO B-PP
communist JJ B-NP
domination NN I-NP
. . O

Even RB O
Mao NNP B-NP
Tse-tung NNP I-NP
's POS B-NP
China NNP I-NP
began VBD B-VP
in IN B-PP
1949 CD B-NP
with IN B-PP
a DT B-NP
partnership NN I-NP
between IN B-PP
the DT B-NP
communists NNS I-NP
and CC O
a DT B-NP
number NN I-NP
of IN B-PP
smaller JJR B-NP
, , I-NP
non-communist JJ I-NP
parties NNS I-NP
. . O

What WP B-NP
complicates VBZ B-VP
the DT B-NP
scene NN I-NP
in IN B-PP
Cambodia NNP B-NP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
current JJ I-NP
regime NN I-NP
is VBZ B-VP
already RB B-ADVP
communist JJ B-ADJP
, , O
as IN B-SBAR
are VBP B-VP
its PRP$ B-NP
Vietnamese JJ I-NP
overseers NNS I-NP
back RB B-PP
in IN I-PP
Hanoi NNP B-NP
, , O
as IN B-SBAR
are VBP B-VP
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
-- : O
who WP B-NP
are VBP B-VP
the DT B-NP
strongest JJS I-NP
of IN B-PP
the DT B-NP
three CD I-NP
guerrilla NN I-NP
groups NNS I-NP
. . O

It PRP B-NP
's VBZ B-VP
not RB B-ADJP
clear JJ I-ADJP
which WDT B-NP
crew NN I-NP
of IN B-PP
communists NNS B-NP
might MD B-VP
prevail VB I-VP
in IN B-PP
a DT B-NP
coalition NN I-NP
government NN I-NP
, , O
but CC O
the DT B-NP
one CD I-NP
good JJ I-NP
bet NN I-NP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
non-communists NNS I-NP
would MD B-VP
disappear VB I-VP
. . O

That DT B-NP
would MD B-VP
leave VB I-VP
Hun NNP B-NP
Sen NNP I-NP
and CC O
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
. . O

The DT B-NP
Hun NNP I-NP
Sen NNP I-NP
regime NN I-NP
has VBZ B-VP
sent VBN I-VP
thousands NNS B-NP
of IN B-PP
conscript NN B-NP
laborers NNS I-NP
to TO B-VP
die VB I-VP
of IN B-PP
malaria NN B-NP
and CC I-NP
malnourishment NN I-NP
while IN B-SBAR
building NN B-VP
Cambodia NNP B-NP
's POS B-NP
equivalent NN I-NP
of IN B-PP
the DT B-NP
Berlin NNP I-NP
Wall NNP I-NP
near IN B-PP
the DT B-NP
Thai NNP I-NP
border NN I-NP
. . O

The DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
, , O
however RB B-ADVP
, , O
carry VB B-VP
an DT B-NP
unsurpassed JJ I-NP
record NN I-NP
for IN B-PP
Cambodian JJ B-NP
tyranny NN I-NP
. . O

These DT B-NP
utopians NNS I-NP
caused VBD B-VP
the DT B-NP
deaths NNS I-NP
-- : O
by IN B-PP
starvation NN B-NP
, , I-NP
disease NN I-NP
or CC I-NP
execution NN I-NP
-- : O
of IN B-PP
well RB B-NP
over IN I-NP
one CD I-NP
million CD I-NP
Cambodians NNPS I-NP
. . O

The DT B-NP
Cambodian JJ I-NP
horror NN I-NP
was VBD B-VP
so RB B-ADJP
bad JJ I-ADJP
that IN B-SBAR
the DT B-NP
Vietnamese JJ I-NP
occupation NN I-NP
in IN B-PP
1978 CD B-NP
was VBD B-VP
a DT B-NP
perverse JJ I-NP
form NN I-NP
of IN B-PP
relief NN B-NP
. . O

The DT B-NP
world NN I-NP
might MD B-VP
want VB I-VP
to TO I-VP
believe VB I-VP
that IN B-SBAR
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
ca MD B-VP
n't RB I-VP
still RB I-VP
be VB I-VP
such JJ B-NP
bad JJ I-NP
guys NNS I-NP
, , O
just RB B-SBAR
as IN I-SBAR
in IN B-PP
the DT B-NP
late JJ I-NP
1970s NNS I-NP
it PRP B-NP
was VBD B-VP
reluctant JJ B-ADJP
to TO B-VP
credit VB I-VP
the DT B-NP
reports NNS I-NP
of IN B-PP
genocide NN B-NP
then RB B-VP
taking VBG I-VP
place NN B-NP
. . O

But CC O
there EX B-NP
is VBZ B-VP
no DT B-NP
solid JJ I-NP
evidence NN I-NP
that IN B-SBAR
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
have VBP B-VP
changed VBN I-VP
. . O

Some DT B-NP
of IN B-PP
our PRP$ B-NP
sources NNS I-NP
in IN B-PP
Thailand NNP B-NP
say VBP B-VP
the DT B-NP
notorious JJ I-NP
old JJ I-NP
Khmer NNP I-NP
Rouge NNP I-NP
leader NN I-NP
, , O
Pol NNP B-NP
Pot NNP I-NP
, , O
has VBZ B-VP
been VBN I-VP
holed VBN I-VP
up IN B-PRT
this DT B-NP
summer NN I-NP
in IN B-PP
Khmer NNP B-NP
Rouge NNP I-NP
camps NNS I-NP
near IN B-PP
the DT B-NP
Thai-Cambodian JJ I-NP
border NN I-NP
. . O

So RB O
it PRP B-NP
's VBZ B-VP
difficult JJ B-ADJP
to TO B-VP
swallow VB I-VP
the DT B-NP
notion NN I-NP
that IN B-SBAR
Mr. NNP B-NP
Baker NNP I-NP
is VBZ B-VP
willing JJ B-ADJP
to TO B-VP
accept VB I-VP
conditions NNS B-NP
that WDT B-NP
would MD B-VP
help VB I-VP
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
set VBD B-VP
up IN B-PRT
shop NN B-NP
again RB B-ADVP
in IN B-PP
Phnom NNP B-NP
Penh NNP I-NP
. . O

True JJ B-ADVP
, , O
Prince NNP B-NP
Sihanouk NNP I-NP
backs VBZ B-VP
the DT B-NP
idea NN I-NP
of IN B-PP
such JJ B-NP
a DT I-NP
coalition NN I-NP
, , O
at IN B-ADVP
least JJS I-ADVP
for IN B-PP
this DT B-NP
week NN I-NP
. . O

But CC O
Prince NNP B-NP
Sihanouk NNP I-NP
has VBZ B-VP
backed VBN I-VP
all DT B-NP
sorts NNS I-NP
of IN B-PP
ideas NNS B-NP
over IN B-PP
the DT B-NP
years NNS I-NP
, , O
and CC O
done VBD B-VP
rather RB B-ADVP
better JJR I-ADVP
by IN B-PP
himself PRP B-NP
than IN B-PP
by IN B-PP
Cambodia NNP B-NP
. . O

Nor CC O
should MD O
the DT B-NP
U.S. NNP I-NP
worry NN B-VP
much JJ B-ADVP
about IN B-PP
offending VBG B-VP
China NNP B-NP
, , O
which WDT B-NP
still RB B-ADVP
aids VBZ B-VP
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
. . O

It PRP B-NP
's VBZ B-VP
time NN B-NP
the DT B-NP
State NNP I-NP
Department NNP I-NP
recognized VBD B-VP
that IN B-SBAR
China NNP B-NP
does VBZ B-VP
not RB I-VP
play VB I-VP
by IN B-PP
gentlemen NNS B-NP
's POS B-NP
rules NNS I-NP
. . O

For IN B-SBAR
the DT B-NP
U.S. NNP I-NP
to TO B-VP
lend VB I-VP
even RB B-NP
the DT I-NP
slightest JJS I-NP
support NN I-NP
to TO B-PP
the DT B-NP
most RBS I-NP
infamous JJ I-NP
killers NNS I-NP
on IN B-PP
Indochina NNP B-NP
's POS B-NP
bleak JJ I-NP
scene NN I-NP
could MD B-VP
only RB I-VP
disturb VB I-VP
America NNP B-NP
's POS B-NP
allies NNS I-NP
elsewhere RB B-ADVP
. . O

It PRP B-NP
would MD B-VP
be VB I-VP
entirely RB B-ADJP
rational JJ I-ADJP
for IN B-SBAR
communist JJ B-NP
insurgents NNS I-NP
in IN B-PP
countries NNS B-NP
such JJ B-PP
as IN I-PP
the DT B-NP
Philippines NNP I-NP
or CC O
Peru NNP B-NP
to TO B-VP
conclude VB I-VP
the DT B-NP
following VBG I-NP
: : O
Fight VB B-VP
viciously RB B-ADVP
enough RB I-ADVP
and CC O
the DT B-NP
U.S. NNP I-NP
, , O
under IN B-PP
the DT B-NP
banner NN I-NP
of IN B-PP
pragmatism NN B-NP
, , O
might MD B-VP
eventually RB I-VP
help VB I-VP
negotiate VB I-VP
your PRP$ B-NP
way NN I-NP
to TO B-PP
victory NN B-NP
. . O

U.S. NNP B-NP
diplomacy NN I-NP
has VBZ B-VP
done VBN I-VP
it PRP B-NP
before RB B-ADVP
, , O
and CC O
it PRP B-NP
will MD B-VP
likely RB I-VP
do NN I-VP
it PRP B-NP
again RB B-ADVP
. . O

The DT B-NP
administration NN I-NP
and CC O
Congress NNP B-NP
have VBP B-VP
lately RB I-VP
tangoed VBD I-VP
around IN B-PP
the DT B-NP
idea NN I-NP
of IN B-PP
sending VBG B-VP
military JJ B-NP
aid NN I-NP
to TO B-PP
Cambodia NNP B-NP
's POS B-NP
non-communists NNS I-NP
. . O

But CC O
now RB B-ADVP
the DT B-NP
possibility NN I-NP
of IN B-PP
`` `` O
diplomatic JJ B-NP
movement NN I-NP
'' '' O
-LRB- ( O
Vietnam NNP B-NP
's POS B-NP
withdrawal NN I-NP
, , O
the DT B-NP
Baker NNP I-NP
initiative NN I-NP
-RRB- ) O
has VBZ B-VP
put VBN I-VP
that DT B-NP
plan NN I-NP
on IN B-PP
hold NN B-NP
, , O
with IN B-PP
the DT B-NP
proviso NN I-NP
that IN B-SBAR
if IN B-SBAR
the DT B-NP
going VBG I-NP
got VBN B-VP
rough JJ B-ADJP
, , O
the DT B-NP
U.S. NNP I-NP
would MD B-VP
then RB I-VP
rearm VB I-VP
the DT B-NP
opposition NN I-NP
. . O

Why WRB B-ADVP
the DT B-NP
timidity NN I-NP
? . O

At IN B-PP
the DT B-NP
very RB I-NP
least JJS I-NP
, , O
the DT B-NP
odds NNS I-NP
are VBP B-VP
heavily RB I-VP
weighted JJ I-VP
against IN B-PP
the DT B-NP
prospects NNS I-NP
of IN B-PP
preventing VBG B-VP
the DT B-NP
Khmer NNP I-NP
Rouge NNP I-NP
and CC O
Cambodia NNP B-NP
's POS B-NP
communists NNS I-NP
from IN B-PP
ultimately RB B-ADVP
moving VBG B-VP
against IN B-PP
their PRP$ B-NP
opponents NNS I-NP
. . O

When WRB B-ADVP
that DT B-NP
day NN I-NP
comes VBZ B-VP
, , O
it PRP B-NP
would MD B-VP
be VB I-VP
particularly RB B-ADJP
awful JJ I-ADJP
to TO B-VP
know VB I-VP
that IN B-SBAR
the DT B-NP
United NNP I-NP
States NNPS I-NP
sat VBD B-VP
on IN B-PP
military JJ B-NP
aid NN I-NP
and CC O
deprived VBD B-VP
these DT B-NP
people NNS I-NP
of IN B-PP
the DT B-NP
means NNS I-NP
to TO B-VP
settle VB I-VP
their PRP$ B-NP
fate NN I-NP
with IN B-PP
at IN B-ADVP
least JJS I-ADVP
a DT B-NP
little JJ I-NP
honor NN I-NP
. . O

Michael NNP B-NP
F. NNP I-NP
Harris NNP I-NP
, , O
53 CD B-NP
, , O
was VBD B-VP
named VBN I-VP
executive JJ B-NP
vice NN I-NP
president NN I-NP
, , O
North NNP B-NP
America NNP I-NP
, , O
for IN B-PP
the DT B-NP
Financial NNP I-NP
Times NNP I-NP
, , O
the DT B-NP
business NN I-NP
newspaper NN I-NP
published VBN B-VP
by IN B-PP
this DT B-NP
company NN I-NP
that WDT B-NP
also RB B-ADVP
has VBZ B-VP
interests NNS B-NP
in IN B-PP
book NN B-NP
publishing NN I-NP
, , O
fine JJ B-NP
china NN I-NP
, , O
oil NN B-NP
services NNS I-NP
and CC O
investment NN B-NP
banking NN I-NP
. . O

Mr. NNP B-NP
Harris NNP I-NP
had VBD B-VP
been VBN I-VP
vice NN B-NP
president NN I-NP
for IN B-PP
the DT B-NP
newspaper NN I-NP
's POS B-NP
advertising NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

He PRP B-NP
takes VBZ B-VP
additional JJ B-NP
responsibility NN I-NP
for IN B-PP
newspaper NN B-NP
sales NNS I-NP
and CC O
distribution NN B-NP
of IN B-PP
the DT B-NP
Financial NNP I-NP
Times NNP I-NP
in IN B-PP
North NNP B-NP
America NNP I-NP
. . O

Laurance NNP B-NP
V. NNP I-NP
Allen NNP I-NP
, , O
44 CD B-NP
, , O
who WP B-NP
had VBD B-VP
been VBN I-VP
director NN B-NP
for IN B-PP
North NNP B-NP
America NNP I-NP
, , O
resigned VBD B-VP
to TO B-VP
pursue VB I-VP
other JJ B-NP
business NN I-NP
interests NNS I-NP
and CC O
do VBP B-VP
some DT B-NP
consulting NN I-NP
. . O

Cipher NNP B-NP
Data NNP I-NP
Products NNP I-NP
Inc. NNP I-NP
posted VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
14.2 CD I-NP
million CD I-NP
, , O
or CC O
97 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
for IN B-PP
its PRP$ B-NP
fiscal JJ I-NP
first JJ I-NP
quarter NN I-NP
, , O
compared VBN B-PP
with IN B-PP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
3.8 CD I-NP
million CD I-NP
, , O
or CC O
27 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Revenue NN B-NP
for IN B-PP
the DT B-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
fell VBD B-VP
20 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
41.3 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
51.9 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Cipher NNP B-NP
Data NNP I-NP
, , O
a DT B-NP
San NNP I-NP
Diego NNP I-NP
maker NN I-NP
of IN B-PP
magnetic JJ B-NP
tape NN I-NP
peripherals NNS I-NP
and CC O
optical JJ B-NP
disc NN I-NP
drives NNS I-NP
, , O
said VBD B-VP
the DT B-NP
loss NN I-NP
included VBD B-VP
reserves NNS B-NP
of IN B-PP
$ $ B-NP
3.8 CD I-NP
million CD I-NP
related VBN B-ADJP
to TO B-PP
a DT B-NP
corporate JJ I-NP
restructuring NN I-NP
. . O

The DT B-NP
restructuring NN I-NP
calls VBZ B-VP
for IN B-PP
a DT B-NP
24 CD I-NP
% NN I-NP
reduction NN I-NP
in IN B-PP
its PRP$ B-NP
work NN I-NP
force NN I-NP
over IN B-PP
the DT B-NP
next JJ I-NP
two CD I-NP
months NNS I-NP
, , O
affecting VBG B-VP
about IN B-NP
525 CD I-NP
jobs NNS I-NP
, , O
Cipher NNP B-NP
Data NNP I-NP
said VBD B-VP
. . O

It PRP B-NP
is VBZ B-VP
eliminating VBG I-VP
the DT B-NP
positions NNS I-NP
of IN B-PP
president NN B-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
, , O
formerly RB B-VP
held VBN I-VP
by IN B-PP
Edward NNP B-NP
L. NNP I-NP
Marinaro NNP I-NP
. . O

Cipher NNP B-NP
Data NNP I-NP
said VBD B-VP
Mr. NNP B-NP
Marinaro NNP I-NP
consequently RB B-ADVP
has VBZ B-VP
resigned VBN I-VP
from IN B-PP
those DT B-NP
posts NNS I-NP
and CC B-PP
from IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
board NN I-NP
. . O

Mr. NNP B-NP
Marinaro NNP I-NP
could MD B-VP
n't RB I-VP
immediately RB I-VP
be VB I-VP
reached VBN I-VP
for IN B-PP
comment NN B-NP
. . O

FileNet NNP B-NP
Corp. NNP I-NP
, , O
Costa NNP B-NP
Mesa NNP I-NP
, , O
Calif. NNP B-NP
, , O
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
report VB I-VP
a DT B-NP
third-quarter JJ I-NP
loss NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
1.8 CD I-NP
million CD I-NP
, , O
or CC O
17 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
because IN B-PP
of IN I-PP
a DT B-NP
$ $ I-NP
2.5 CD I-NP
million CD I-NP
reserve NN I-NP
to TO B-VP
be VB I-VP
taken VBN I-VP
against IN B-PP
potential JJ B-NP
losses NNS I-NP
on IN B-PP
a DT B-NP
contract NN I-NP
with IN B-PP
the DT B-NP
state NN I-NP
of IN B-PP
California NNP B-NP
. . O

Revenue NN B-NP
is VBZ B-VP
estimated VBN I-VP
at IN B-PP
$ $ B-NP
18.6 CD I-NP
million CD I-NP
. . O

The DT B-NP
maker NN I-NP
of IN B-PP
document NN B-NP
image NN I-NP
processing NN I-NP
equipment NN I-NP
said VBD B-VP
the DT B-NP
state NN I-NP
procurement NN I-NP
division NN I-NP
had VBD B-VP
declared VBN I-VP
FileNet NNP B-NP
in IN B-PP
default NN B-NP
on IN B-PP
its PRP$ B-NP
contract NN I-NP
with IN B-PP
the DT O
secretary NN B-NP
of IN B-PP
state NN B-NP
uniform NN B-NP
commercial JJ I-NP
code NN I-NP
division NN I-NP
. . O

FileNet NNP B-NP
said VBD B-VP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
believe VB I-VP
the DT B-NP
state NN I-NP
has VBZ B-VP
a DT B-NP
valid JJ I-NP
basis NN I-NP
of IN B-PP
default NN B-NP
and CC O
is VBZ B-VP
reviewing VBG I-VP
its PRP$ B-NP
legal JJ I-NP
rights NNS I-NP
under IN B-PP
the DT B-NP
contract NN I-NP
, , O
but CC O
said VBD B-VP
it PRP B-NP
ca MD B-VP
n't RB I-VP
predict VB I-VP
the DT B-NP
outcome NN I-NP
of IN B-PP
the DT B-NP
dispute NN I-NP
. . O

The DT B-NP
disagreement NN I-NP
centers NNS B-VP
on IN B-PP
testing NN B-NP
deadlines NNS I-NP
and CC O
other JJ B-NP
issues NNS I-NP
involving VBG B-VP
a DT B-NP
FileNet NNP I-NP
system NN I-NP
installed VBN B-VP
earlier RBR B-ADVP
this DT B-NP
year NN I-NP
. . O

State NN B-NP
officials NNS I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
for IN B-PP
comment NN B-NP
late JJ B-NP
yesterday NN I-NP
. . O

FileNet NNP B-NP
noted VBD B-VP
that IN B-SBAR
it PRP B-NP
had VBD B-VP
cash NN B-NP
and CC O
marketable JJ B-NP
securities NNS I-NP
totaling VBG B-VP
$ $ B-NP
22.5 CD I-NP
million CD I-NP
on IN B-PP
Sept. NNP B-NP
30 CD I-NP
, , O
and CC O
stockholders NNS B-NP
' POS B-NP
equity NN I-NP
is VBZ B-VP
$ $ B-NP
60.1 CD I-NP
million CD I-NP
. . O

The DT B-NP
company NN I-NP
made VBD B-VP
the DT B-NP
announcement NN I-NP
after IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
the DT B-NP
markets NNS I-NP
, , O
where WRB B-ADVP
its PRP$ B-NP
stock NN I-NP
finished VBD B-VP
at IN B-PP
$ $ B-NP
10.75 CD I-NP
, , O
up IN B-ADVP
25 CD B-NP
cents NNS I-NP
, , O
in IN B-PP
over-the-counter JJ B-NP
trading NN I-NP
. . O

Clinton NNP B-NP
Gas NNP I-NP
Systems NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
received VBD B-VP
a DT B-NP
contract NN I-NP
from IN B-PP
Timken NNP B-NP
Co. NNP I-NP
, , O
Canton NNP B-NP
, , I-NP
Ohio NNP I-NP
, , O
to TO B-VP
manage VB I-VP
the DT B-NP
natural JJ I-NP
gas NN I-NP
purchasing VBG I-NP
, , I-NP
scheduling NN I-NP
and CC I-NP
transportation NN I-NP
activities NNS I-NP
for IN B-PP
Timken NNP B-NP
's POS B-NP
seven CD I-NP
Ohio NNP I-NP
and CC I-NP
two CD I-NP
Pennsylvania NNP I-NP
plants NNS I-NP
. . O

Clinton NNP B-NP
and CC I-NP
Timken NNP I-NP
agreed VBD B-VP
not RB O
to TO B-VP
disclose VB I-VP
the DT B-NP
value NN I-NP
of IN B-PP
the DT B-NP
contract NN I-NP
. . O

Timken NNP B-NP
, , O
a DT B-NP
producer NN I-NP
of IN B-PP
bearings NNS B-NP
and CC O
specialty NN B-NP
steel NN I-NP
, , O
already RB B-ADVP
buys VBZ B-VP
gas NN B-NP
from IN B-PP
Clinton NNP B-NP
. . O

Clinton NNP B-NP
said VBD B-VP
in IN B-PP
Columbus NNP B-NP
, , I-NP
Ohio NNP I-NP
, , O
that IN B-SBAR
its PRP$ B-NP
Clinton NNP I-NP
Gas NNP I-NP
Marketing NNP I-NP
unit NN I-NP
wants VBZ B-VP
to TO I-VP
line VB I-VP
up IN B-PRT
a DT B-NP
number NN I-NP
of IN B-PP
such JJ B-NP
gas NN I-NP
management NN I-NP
contracts NNS I-NP
. . O

Manufacturers NNS B-NP
frequently RB B-ADVP
do VBP B-VP
n't RB I-VP
have VB I-VP
anyone NN B-NP
who WP B-NP
is VBZ B-VP
a DT B-NP
specialist NN I-NP
in IN B-PP
natural JJ B-NP
gas NN I-NP
, , O
Clinton NNP B-NP
said VBD B-VP
, , O
and CC O
a DT B-NP
specialist NN I-NP
such JJ B-PP
as IN I-PP
Clinton NNP B-NP
can MD B-VP
save VB I-VP
them PRP B-NP
substantial JJ B-NP
amounts NNS I-NP
of IN B-PP
money NN B-NP
. . O

The DT B-NP
scene NN I-NP
opens VBZ B-VP
with IN B-PP
pinstripe-suited JJ B-NP
executives NNS I-NP
-- : O
Easterners NNS B-NP
, , O
obviously RB B-ADVP
-- : O
glued VBN B-VP
to TO B-PP
cellular JJ B-NP
phones NNS I-NP
and CC O
hightailing VBG B-VP
it PRP B-NP
out IN B-PP
of IN B-PP
town NN B-NP
in IN B-PP
chauffeur-driven JJ B-NP
limousines NNS I-NP
. . O

`` `` O
The DT B-NP
carpetbaggers NNS I-NP
, , O
'' '' O
snorts VBZ B-VP
the DT B-NP
narrator NN I-NP
with IN B-PP
a DT B-NP
Texas NNP I-NP
twang NN I-NP
, , O
`` `` O
have VBP B-VP
packed VBN I-VP
their PRP$ B-NP
bags NNS I-NP
and CC O
went VBD B-VP
. . O
'' '' O

But CC O
, , O
he PRP B-NP
continues VBZ B-VP
, , O
`` `` O
They PRP B-NP
're VBP B-VP
forgetting VBG I-VP
we PRP B-NP
're VBP B-VP
all DT O
Texans NNPS B-NP
. . O

The DT B-NP
Lone NNP I-NP
Star NNP I-NP
is VBZ B-VP
on IN B-PP
the DT B-NP
rise NN I-NP
again RB B-ADVP
. . O
'' '' O

As IN B-SBAR
the DT B-NP
music NN I-NP
swells NNS B-VP
, , O
viewers NNS B-NP
discover VBP B-VP
they PRP B-NP
're VBP B-VP
watching VBG I-VP
a DT B-NP
commercial NN I-NP
for IN B-PP
Lone NNP B-NP
Star NNP I-NP
Beer NN I-NP
, , O
the DT B-NP
pride NN I-NP
of IN B-PP
Texas NNP B-NP
, , O
a DT B-NP
product NN I-NP
of IN B-PP
G. NNP B-NP
Heileman NNP I-NP
Brewing NNP I-NP
Co. NNP I-NP
, , O
a DT B-NP
La NNP I-NP
Crosse NNP I-NP
, , I-NP
Wis. NNP I-NP
, , I-NP
unit NN I-NP
of IN B-PP
Bond NNP B-NP
Corp NNP I-NP
. . O

As IN B-SBAR
the DT B-NP
ad NN I-NP
's POS B-NP
tone NN I-NP
implies VBZ B-VP
, , O
the DT B-NP
Texas NNP I-NP
spirit NN I-NP
is VBZ B-VP
pretty RB B-ADJP
xenophobic JJ I-ADJP
these DT B-NP
days NNS I-NP
, , O
and CC O
Lone NNP B-NP
Star NNP I-NP
is VBZ B-VP
n't RB O
alone RB B-ADVP
in IN B-PP
trying VBG B-VP
to TO I-VP
take VB I-VP
advantage NN B-NP
of IN B-PP
that DT B-NP
. . O

From IN B-PP
Chevy NNP B-NP
trucks NNS I-NP
to TO B-PP
Lipton NNP B-NP
iced JJ I-NP
tea NN I-NP
to TO B-PP
a DT B-NP
host NN I-NP
of IN B-PP
battling VBG B-NP
banks NNS I-NP
, , O
the DT B-NP
state NN I-NP
has VBZ B-VP
been VBN I-VP
inundated VBN I-VP
with IN B-PP
broadcast NN B-NP
commercials NNS I-NP
and CC O
print NN B-NP
advertising NN I-NP
campaigns NNS I-NP
celebrating VBG B-VP
Texans NNPS B-NP
and CC O
castigating VBG B-VP
outsiders NNS B-NP
. . O

While IN B-SBAR
advertisers NNS B-NP
have VBP B-VP
long RB I-VP
appealed VBN I-VP
to TO B-PP
Texans NNPS B-NP
' POS B-NP
state NN I-NP
pride NN I-NP
and CC I-NP
prejudices NNS I-NP
, , O
the DT B-NP
latest JJS I-NP
trend NN I-NP
has VBZ B-VP
been VBN I-VP
sparked VBN I-VP
, , O
in IN B-PP
part NN B-NP
, , O
by IN B-PP
the DT B-NP
state NN I-NP
's POS B-NP
recent JJ I-NP
hard JJ I-NP
economic JJ I-NP
times NNS I-NP
. . O

That DT B-NP
has VBZ B-VP
taken VBN I-VP
some DT B-NP
of IN B-PP
the DT B-NP
swagger NN I-NP
out RP B-PP
of IN B-PP
natives NNS B-NP
who WP B-NP
like VB B-VP
to TO I-VP
brag VB I-VP
that IN B-SBAR
Texas NNP B-NP
is VBZ B-VP
the DT B-NP
only JJ I-NP
state NN I-NP
that WDT B-NP
was VBD B-VP
once RB B-ADVP
a DT B-NP
nation NN I-NP
, , O
but CC O
it PRP B-NP
has VBZ B-VP
increased VBN I-VP
their PRP$ B-NP
legendary JJ I-NP
resentment NN I-NP
of IN B-PP
outsiders NNS B-NP
. . O

In IN B-PP
the DT B-NP
past NN I-NP
, , O
writes VBZ B-VP
Houston NNP B-NP
Chronicle NNP I-NP
columnist NN I-NP
Jim NNP I-NP
Barlow NNP I-NP
, , O
outlanders NNS B-NP
were VBD B-VP
accepted VBN I-VP
only RB B-PP
after IN I-PP
passing VBG B-VP
a DT B-NP
series NN I-NP
of IN B-PP
tests NNS B-NP
to TO B-VP
prove VB I-VP
they PRP B-NP
had VBD B-VP
the DT B-NP
`` `` I-NP
right NN I-NP
'' '' I-NP
Texas NNP I-NP
attitudes NNS I-NP
and CC O
`` `` O
of IN B-PP
course NN B-NP
they PRP B-NP
had VBD B-VP
to TO I-VP
be VB I-VP
dipped VBN I-VP
for IN B-PP
parasites NNS B-NP
. . O
'' '' O

There EX B-NP
is VBZ B-VP
no DT B-NP
small JJ I-NP
irony NN I-NP
in IN B-PP
the DT B-NP
fact NN I-NP
that IN B-SBAR
some DT B-NP
of IN B-PP
the DT B-NP
most-jingoistic JJ I-NP
advertising NN I-NP
comes VBZ B-VP
courtesy NN B-NP
of IN B-PP
-- : O
you PRP B-NP
guessed VBD B-VP
it PRP B-NP
-- : O
outsiders NNS B-NP
. . O

Lone NNP B-NP
Star NNP I-NP
's POS B-NP
Bond NNP I-NP
Corp. NNP I-NP
parent NN I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
hails VBZ B-VP
from IN B-PP
Perth NNP B-NP
, , O
Australia NNP B-NP
. . O

North NNP B-NP
Carolinians NNPS I-NP
, , O
New NNP B-NP
Yorkers NNPS I-NP
, , O
Californians NNS B-NP
, , O
Chicagoans NNPS B-NP
and CC O
Ohioans NNPS B-NP
own JJ B-VP
Texas NNP B-NP
banks NNS I-NP
. . O

All DT B-NP
kinds NNS I-NP
of IN B-PP
landmark NN B-NP
Texas NNP I-NP
real JJ I-NP
estate NN I-NP
has VBZ B-VP
been VBN I-VP
snapped VBN I-VP
up IN B-PRT
by IN B-PP
out-of-staters NNS B-NP
. . O

Even RB B-NP
the DT I-NP
beloved JJ I-NP
Dallas NNP I-NP
Cowboys NNPS I-NP
were VBD B-VP
bought VBN I-VP
by IN B-PP
an DT B-NP
Arkansas NNP I-NP
oil NN I-NP
man NN I-NP
. . O

`` `` O
Texas NNP B-NP
has VBZ B-VP
lost VBN I-VP
its PRP$ B-NP
distinctiveness NN I-NP
, , O
leaving VBG B-VP
Texans NNPS B-NP
with IN B-PP
a DT B-NP
hunger NN I-NP
to TO B-VP
feel VB I-VP
proud JJ B-ADJP
about IN B-PP
themselves PRP B-NP
, , O
'' '' O
says VBZ B-VP
Stephen NNP B-NP
Klineberg NNP I-NP
, , O
a DT B-NP
sociology NN I-NP
professor NN I-NP
at IN B-PP
Rice NNP B-NP
University NNP I-NP
, , O
Houston NNP B-NP
. . O

`` `` O
This DT B-NP
plays VBZ B-VP
right NN B-PP
into IN I-PP
the DT B-NP
hands NNS I-NP
of IN B-PP
the DT B-NP
advertising NN I-NP
agencies NNS I-NP
. . O
'' '' O

For IN B-PP
example NN B-NP
, , O
the DT B-NP
iced-tea NN I-NP
radio NN I-NP
campaign NN I-NP
for IN B-PP
Thomas NNP B-NP
J. NNP I-NP
Lipton NNP I-NP
Co. NNP I-NP
, , O
an DT B-NP
Englewood NNP I-NP
Cliffs NNP I-NP
, , I-NP
N.J. NNP I-NP
, , I-NP
unit NN I-NP
of IN B-PP
Anglo-Dutch NNP B-NP
Unilever NNP I-NP
Group NNP I-NP
, , O
emphatically RB B-VP
proclaims VBZ I-VP
: : O
`` `` O
Real JJ B-NP
Texans NNPS I-NP
do VBP B-VP
not RB I-VP
wear VB I-VP
dock-siders NNS B-NP
-- : O
ever RB B-ADVP
. . O

Real JJ B-NP
Texans NNPS I-NP
do VBP B-VP
n't RB I-VP
play VB I-VP
paddleball NN B-NP
, , O
at IN B-ADVP
least JJS I-ADVP
I PRP B-NP
hope VBP B-VP
not RB O
. . O

This DT B-NP
is VBZ B-VP
football NN B-NP
country NN I-NP
. . O

And CC O
another DT B-NP
thing NN I-NP
-- : O
real JJ B-NP
Texans NNPS I-NP
drink NN B-VP
Lipton NNP B-NP
iced JJ I-NP
tea NN I-NP
. . O
'' '' O

In IN B-PP
developing VBG B-VP
that DT B-NP
theme NN I-NP
at IN B-PP
Interpublic NNP B-NP
Group NNP I-NP
of IN B-PP
Cos NNP B-NP
. . I-NP
' '' I-NP
Lintas NNP I-NP
: : O
New NNP B-NP
York NNP I-NP
unit NN I-NP
, , O
account NN B-NP
supervisor NN I-NP
Lisa NNP I-NP
Buksbaum NNP I-NP
says VBZ B-VP
she PRP B-NP
made VBD B-VP
a DT B-NP
`` `` I-NP
couple NN I-NP
of IN B-PP
phone NN B-NP
calls NNS I-NP
'' '' O
to TO B-PP
Dallas NNP B-NP
ad NN I-NP
friends NNS I-NP
and CC O
reported VBD B-VP
her PRP$ B-NP
`` `` I-NP
findings NNS I-NP
'' '' O
to TO B-PP
a DT B-NP
team NN I-NP
of IN B-PP
writers NNS B-NP
. . O

Her PRP$ B-NP
findings NNS I-NP
? . O

`` `` O
You PRP B-NP
know VBP B-VP
, , O
'' '' O
she PRP B-NP
says VBZ B-VP
, , O
`` `` O
stereotypical JJ B-NP
stuff NN I-NP
like IN B-PP
armadillos NNS B-NP
, , I-NP
cowboys NNS I-NP
and CC I-NP
football NN I-NP
. . O
'' '' O

Not RB B-NP
exactly RB I-NP
sophisticated JJ I-NP
market NN I-NP
research NN I-NP
, , O
but CC O
who WP B-NP
cares VBZ B-VP
as RB B-ADVP
long RB I-ADVP
as IN B-SBAR
the DT B-NP
campaigns NNS I-NP
work VBP B-VP
. . O

And CC O
ad NN B-NP
agencies NNS I-NP
insist VBP B-VP
that IN B-SBAR
they PRP B-NP
do VBP B-VP
. . O

Stan NNP B-NP
Richards NNP I-NP
of IN B-PP
Richards NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
, , O
Dallas NNP B-NP
, , O
tells VBZ B-VP
of IN B-PP
the DT B-NP
Texan NNP I-NP
who WP B-NP
saw VBD B-VP
the DT B-NP
agency NN I-NP
's POS B-NP
tear-jerking JJ I-NP
commercial NN I-NP
for IN B-PP
First NNP B-NP
Gibraltar NNP I-NP
Bank NNP I-NP
F.S.B. NNP I-NP
-- : O
complete JJ B-ADJP
with IN B-PP
the DT B-NP
state NN I-NP
's POS B-NP
anthem NN I-NP
-- : O
and CC O
promptly RB B-VP
invested VBN I-VP
$ $ B-NP
100,000 CD I-NP
in IN B-PP
the DT B-NP
thrift NN I-NP
's POS B-NP
CDs NNS I-NP
. . O

Never RB B-ADVP
mind NN B-VP
that IN B-SBAR
First NNP B-NP
Gibraltar NNP I-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
the DT B-NP
failed VBN I-NP
Texas NNP I-NP
thrifts NNS I-NP
taken VBN B-VP
over IN B-PRT
by IN B-PP
outsiders NNS B-NP
-- : O
in IN B-PP
this DT B-NP
case NN I-NP
, , O
an DT B-NP
investor NN I-NP
group NN I-NP
headed VBN B-VP
by IN B-PP
New NNP B-NP
York NNP I-NP
financier NN I-NP
Ronald NNP I-NP
Perelman NNP I-NP
. . O

The DT B-NP
North NNP I-NP
Texas NNP I-NP
Chevy NNP I-NP
Dealers NNS I-NP
recently RB B-ADVP
had VBD B-VP
a DT B-NP
record NN I-NP
sales NNS I-NP
month NN I-NP
after IN B-PP
the DT B-NP
debut NN I-NP
of IN B-PP
ad NN B-NP
campaign NN I-NP
that IN B-NP
thumbs NNS B-VP
its PRP$ B-NP
nose NN I-NP
at IN B-PP
elite NN B-NP
Easterners NNS I-NP
. . O

And CC O
deposits NNS B-NP
at IN B-PP
NCNB NNP B-NP
Texas NNP I-NP
National NNP I-NP
Bank NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
NCNB NNP B-NP
Corp. NNP I-NP
, , O
Charlotte NNP B-NP
, , O
N.C. NNP B-NP
, , O
have VBP B-VP
increased VBN I-VP
$ $ B-NP
2 CD I-NP
billion CD I-NP
since IN B-PP
last JJ B-NP
year NN I-NP
after IN B-PP
heavy JJ B-NP
advertising NN I-NP
stressing VBG B-VP
commitment NN B-NP
to TO B-PP
Texas NNP B-NP
. . O

`` `` O
Obviously RB B-ADVP
, , O
pride NN B-NP
sells VBZ B-VP
in IN B-PP
Texas NNP B-NP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
spokeswoman NN I-NP
for IN B-PP
Bozell NNP B-NP
Inc. NNP I-NP
, , O
Omaha NNP B-NP
, , O
Neb. NNP B-NP
, , O
which WDT B-NP
represents VBZ B-VP

The DT B-NP
ad NN I-NP
campaigns NNS I-NP
usually RB B-ADVP
follow VBP B-VP
one CD B-NP
of IN B-PP
three CD B-NP
tracks VBZ I-NP
-- : O
stressing VBG B-VP
the DT B-NP
company NN I-NP
's POS B-NP
` `` I-NP
Texasness NN I-NP
, , O
' '' O
pointing VBG B-VP
out RP B-PRT
the IN B-NP
competition NN I-NP
's POS B-NP
lack NN I-NP
thereof RB B-ADVP
, , O
or CC O
trying VBG B-VP
to TO I-VP
be VB I-VP
more JJR B-ADJP
Texan NNP I-ADJP
than IN B-PP
Texans NNPS B-NP
. . O

Ford NNP B-NP
trucks NNS I-NP
may MD B-VP
outsell VB I-VP
Chevy NNP B-NP
trucks NNS I-NP
in IN B-PP
places NNS B-NP
like IN B-PP
`` `` O
Connecticut NNP B-NP
and CC O
Long NNP B-NP
Island NNP I-NP
, , O
'' '' O
sniffs VBZ B-VP
a DT B-NP
commercial NN I-NP
for IN B-PP
Chevrolet NNP B-NP
, , O
a DT B-NP
division NN I-NP
of IN B-PP
General NNP B-NP
Motors NNPS I-NP
Corp NNP I-NP
. . O

The DT B-NP
commercial NN I-NP
, , O
created VBN B-VP
by IN B-PP
Bateman NNP B-NP
, , I-NP
Bryan NNP I-NP
& CC I-NP
Galles NNP I-NP
Inc. NNP I-NP
, , O
of IN B-PP
Dallas NNP B-NP
, , O
adds VBZ B-VP
derisively RB B-ADVP
: : O
`` `` O
I PRP B-NP
bet VBP B-VP
it PRP B-NP
takes VBZ B-VP
a DT B-NP
real JJ I-NP
tough JJ I-NP
truck NN I-NP
to TO B-VP
haul VB I-VP
your PRP$ B-NP
Ivy NNP I-NP
League NNP I-NP
buddies NNS I-NP
to TO B-PP
the DT B-NP
yacht NN I-NP
club NN I-NP
. . O
'' '' O

Because IN B-SBAR
they PRP B-NP
want VBP B-VP
a DT B-NP
truck NN I-NP
that WDT B-NP
is VBZ B-VP
`` `` O
Texas NNP B-ADJP
tough JJ I-ADJP
, , O
'' '' O
the DT B-NP
commercial NN I-NP
concludes VBZ B-VP
, , O
`` `` O
Texans NNPS B-NP
drive NN B-VP
Chevy NNP B-NP
. . O
'' '' O

J.C. NNP B-NP
Penney NNP I-NP
Co. NNP I-NP
, , O
which WDT B-NP
relocated VBD B-VP
from IN B-PP
New NNP B-NP
York NNP I-NP
to TO B-PP
suburban JJ B-NP
Dallas NNP I-NP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
gently RB B-VP
wraps VBZ I-VP
itself PRP B-NP
in IN B-PP
Texas NNP B-NP
pride NN I-NP
through IN B-PP
a DT B-NP
full-page JJ I-NP
magazine NN I-NP
ad NN I-NP
: : O
`` `` O
Taking VBG B-VP
the DT B-NP
long-range JJ I-NP
view NN I-NP
to TO B-VP
conserve VB I-VP
what WP B-NP
is VBZ B-VP
of IN B-PP
value NN B-NP
to TO B-PP
future NN B-NP
generations NNS I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
the DT B-NP
Lone NNP I-NP
Star NNP I-NP
lifestyle NN I-NP
, , O
'' '' O
the DT B-NP
ad NN I-NP
reads VBZ B-VP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
part NN B-NP
of IN B-PP
our PRP$ B-NP
style NN I-NP
, , O
too RB B-ADVP
. . O
'' '' O

According VBG B-PP
to TO B-PP
several JJ B-NP
ad-agency NN I-NP
sources NNS I-NP
, , O
newcomers NNS B-NP
to TO B-PP
the DT B-NP
Texas NNP I-NP
banking NN I-NP
market NN I-NP
are VBP B-VP
spending VBG I-VP
a DT B-NP
combined VBN I-NP
$ $ I-NP
50 CD I-NP
million CD I-NP
this DT B-NP
year NN I-NP
to TO B-VP
woo VB I-VP
Texans NNPS B-NP
. . O

Meanwhile RB B-ADVP
, , O
surviving VBG B-NP
Texas NNP I-NP
banking NN I-NP
institutions NNS I-NP
are VBP B-VP
busily RB I-VP
pitching VBG I-VP
themselves PRP B-NP
as IN B-PP
the DT B-NP
only JJ I-NP
lenders NNS I-NP
who WP B-NP
truly RB B-ADVP
care VBP B-VP
about IN B-PP
the DT B-NP
state NN I-NP
. . O

The DT B-NP
most-strident JJ I-NP
anti-outsider NN I-NP
sentiment NN I-NP
among IN B-PP
bankers NNS B-NP
comes VBZ B-VP
from IN B-PP
the DT B-NP
Independent NNP I-NP
Bankers NNP I-NP
Association NNP I-NP
of IN B-PP
Texas NNP B-NP
, , O
although IN B-SBAR
it PRP B-NP
's VBZ B-VP
hard JJ B-ADJP
to TO B-VP
tell VB I-VP
from IN B-PP
previews NNS B-NP
of IN B-PP
the DT O
$ $ O
5 NN O
million CD O
`` `` O
The DT B-NP
I PRP I-NP
's NNS I-NP
of IN B-PP
Texas NNP B-NP
'' '' B-NP
TV NN I-NP
campaign NN I-NP
. . O

Commercials NNS B-NP
will MD B-VP
highlight VB I-VP
heart-rending JJ B-NP
scenes NNS I-NP
of IN B-PP
Texas NNP B-NP
and CC O
chest-swelling JJ B-NP
, , I-NP
ain't-it-great-to-be-a-Texan JJ I-NP
music NN I-NP
. . O

Supporting VBG B-NP
banks NNS I-NP
will MD B-VP
sign VB I-VP
a DT B-NP
`` `` I-NP
Texas NNP I-NP
Declaration NNP I-NP
of IN B-PP
Independents NNPS B-NP
. . O
'' '' O

But CC O
in IN B-PP
introductory JJ B-NP
material NN I-NP
for IN B-PP
the DT B-NP
campaign NN I-NP
, , O
the DT B-NP
trade NN I-NP
group NN I-NP
urges VBZ B-VP
members NNS B-NP
to TO B-VP
`` `` I-VP
arm NN I-VP
'' '' O
for IN B-PP
a DT B-NP
`` `` I-NP
revolution NN I-NP
'' '' O
against IN B-PP
big JJ B-NP
, , I-NP
out-of-state JJ I-NP
bank-holding JJ I-NP
companies NNS I-NP
. . O

A DT B-NP
video NN I-NP
sent VBD B-VP
to TO B-PP
association NN B-NP
members NNS I-NP
, , O
featuring VBG B-VP
shots NNS B-NP
of IN B-PP
the DT B-NP
Alamo NNP I-NP
, , O
cowboys NNS B-NP
, , O
fajitas NNS B-NP
and CC O
a DT B-NP
statue NN I-NP
of IN B-PP
Sam NNP B-NP
Houston NNP I-NP
, , O
does VBZ B-VP
n't RB I-VP
mince VB I-VP
words NNS B-NP
. . O

`` `` O
Texans NNPS B-NP
can MD B-VP
sniff VB I-VP
a DT B-NP
phony JJ I-NP
a DT B-NP
mile NN I-NP
away RB B-ADVP
, , O
'' '' O
the DT B-NP
narrator NN I-NP
warns VBZ B-VP
outsiders NNS B-NP
. . O

`` `` O
So RB O
, , O
do VBP B-VP
n't RB I-VP
come VB I-VP
and CC O
try VB B-VP
to TO I-VP
con VB I-VP
us PRP B-NP
with IN B-PP
a DT O
howdy UH B-INTJ
y'all PRP B-NP
or CC O
a DT B-NP
cowboy NN I-NP
hat NN I-NP
. . O
'' '' O

Young NNP B-NP
& CC I-NP
Rubicam NNP I-NP
's POS B-NP
Pact NNP I-NP

Young NNP B-NP
& CC I-NP
Rubicam NNP I-NP
, , O
fighting VBG B-VP
charges NNS B-NP
that IN B-SBAR
it PRP B-NP
bribed VBD B-VP
Jamaican JJ B-NP
officials NNS I-NP
to TO B-VP
win VB I-VP
the DT B-NP
Jamaica NNP I-NP
Tourist NNP I-NP
Board NNP I-NP
ad NN I-NP
account NN I-NP
in IN B-PP
1981 CD B-NP
, , O
said VBD B-VP
it PRP B-NP
will MD B-VP
no RB I-VP
longer RB I-VP
create VB I-VP
the DT B-NP
tourist NN I-NP
board NN I-NP
's POS B-NP
advertising NN I-NP
. . O

In IN B-PP
a DT B-NP
statement NN I-NP
, , O
Alex NNP B-NP
Kroll NNP I-NP
, , O
Young NNP B-NP
& CC I-NP
Rubicam NNP I-NP
's POS B-NP
chairman NN I-NP
, , O
said VBD B-VP
`` `` O
under IN B-PP
the DT B-NP
present JJ I-NP
circumstances NNS I-NP
-LCB- ( O
we PRP B-NP
-RCB- ) O
have VBP B-VP
agreed VBN I-VP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
prudent JJ B-ADJP
to TO B-VP
discontinue VB I-VP
that DT B-NP
contract NN I-NP
. . O
'' '' O

Young NNP B-NP
& CC I-NP
Rubicam NNP I-NP
has VBZ B-VP
pleaded VBN I-VP
innocent JJ B-ADJP
to TO B-PP
the DT B-NP
charges NNS I-NP
. . O

The DT B-NP
board NN I-NP
would MD B-VP
n't RB I-VP
comment VB I-VP
on IN B-PP
its PRP$ B-NP
impending JJ I-NP
search NN I-NP
for IN B-PP
a DT B-NP
new JJ I-NP
ad NN I-NP
agency NN I-NP
to TO B-VP
handle VB I-VP
its PRP$ B-NP
estimated VBN I-NP
$ $ I-NP
5 NN I-NP
million CD I-NP
to TO I-NP
$ $ I-NP
6 CD I-NP
million CD I-NP
account NN I-NP
. . O

Ad NN B-NP
Notes NNS I-NP
... : O
. . O

NEW JJ B-NP
ACCOUNT NN I-NP
: : O

Sunshine NNP B-NP
Biscuits NNP I-NP
Inc. NNP I-NP
, , O
Woodbridge NNP B-NP
, , O
N.J. NNP B-NP
, , O
awarded VBD B-VP
its PRP$ B-NP
estimated VBN I-NP
$ $ I-NP
5 NN I-NP
million CD I-NP
account NN I-NP
to TO B-PP
Waring NNP B-NP
& CC I-NP
LaRosa NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
. . O

The DT B-NP
account NN I-NP
had VBD B-VP
been VBN I-VP
at IN B-PP
Della NNP B-NP
Femina NNP I-NP
McNamee NNP I-NP
WCRS NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
. . O

MEDIA NNP B-NP
POLICY NNP I-NP
: : O

MacNamara NNP B-NP
Clapp NNP I-NP
& CC I-NP
Klein NNP I-NP
, , O
a DT B-NP
small JJ I-NP
New NNP I-NP
York NNP I-NP
shop NN I-NP
, , O
is VBZ B-VP
asking VBG I-VP
magazine NN B-NP
ad NN I-NP
representatives NNS I-NP
to TO B-VP
tell VB I-VP
it PRP B-NP
when WRB B-ADVP
major JJ B-NP
advertising NN I-NP
inserts NNS I-NP
will MD B-VP
run VB I-VP
in IN B-PP
their PRP$ B-NP
publications NNS I-NP
. . O

It PRP B-NP
says VBZ B-VP
it PRP B-NP
may MD B-VP
pull VB I-VP
its PRP$ B-NP
clients NNS I-NP
' POS B-NP
ads NNS I-NP
from IN B-PP
those DT B-NP
magazines NNS I-NP
. . O

COKE NNP B-NP
ADS NNPS I-NP
: : O

Coca-Cola NNP B-NP
Co. NNP I-NP
said VBD B-VP
it PRP B-NP
produced VBD B-VP
a DT B-NP
new JJ I-NP
version NN I-NP
of IN B-PP
its PRP$ O
1971 CD O
`` `` O
I PRP B-NP
'd MD B-VP
like VB I-VP
to TO I-VP
teach VB I-VP
the DT B-NP
world NN I-NP
to TO B-VP
sing VB I-VP
'' '' B-NP
commercial JJ I-NP
. . O

The DT B-NP
ad NN I-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
Classic NNP B-NP
Coke NNP I-NP
's POS B-NP
1990 CD I-NP
ad NN I-NP
campaign NN I-NP
, , O
with IN B-PP
the DT B-NP
tag NN I-NP
line NN I-NP
, , O
`` `` O
Ca MD B-VP
n't RB I-VP
beat VB I-VP
the DT B-NP
Real NNP I-NP
Thing NNP I-NP
. . O
'' '' O

Basketball NN B-NP
star NN I-NP
Michael NNP I-NP
Jordan NNP I-NP
and CC O
singer NN B-NP
Randy NNP I-NP
Travis NNP I-NP
have VBP B-VP
also RB I-VP
agreed VBN I-VP
to TO I-VP
appear VB I-VP
in IN B-PP
ads NNS B-NP
. . O

Dell NNP B-NP
Computer NNP I-NP
Corp. NNP I-NP
, , O
squeezed VBN B-VP
by IN B-PP
price NN B-NP
pressure NN I-NP
from IN B-PP
its PRP$ B-NP
larger JJR I-NP
competitors NNS I-NP
and CC O
delays NNS B-NP
in IN B-PP
its PRP$ B-NP
new JJ I-NP
product NN I-NP
line NN I-NP
, , O
said VBD B-VP
its PRP$ B-NP
per-share JJ I-NP
earnings NNS I-NP
for IN B-PP
fiscal JJ B-NP
1990 CD I-NP
will MD B-VP
be VB I-VP
half VB B-NP
its PRP$ I-NP
previous JJ I-NP
forecasts NNS I-NP
. . O

Although IN B-SBAR
the DT B-NP
personal JJ I-NP
computer NN I-NP
maker NN I-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
revenue NN B-NP
to TO B-VP
meet VB I-VP
or CC I-VP
exceed VB I-VP
previous JJ B-NP
projections NNS I-NP
of IN B-PP
$ $ B-NP
385 CD I-NP
million CD I-NP
for IN B-PP
the DT B-NP
year NN I-NP
ending VBG B-VP
Jan. NNP B-NP
28 CD I-NP
, , I-NP
1990 CD I-NP
, , O
earnings NNS B-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
25 CD B-NP
cents NNS I-NP
to TO O
35 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
from IN B-PP
previous JJ B-NP
estimates NNS I-NP
of IN B-PP
50 CD B-NP
cents NNS I-NP
to TO O
60 CD B-NP
cents NNS I-NP
. . O

Earnings NNS B-NP
for IN B-PP
fiscal JJ B-NP
1989 CD I-NP
were VBD B-VP
$ $ B-NP
14.4 CD I-NP
million CD I-NP
, , O
or CC O
80 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
257.8 CD I-NP
million CD I-NP
. . O

Results NNS B-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
ending VBG B-VP
Oct. NNP B-NP
31 CD I-NP
, , O
are VBP B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
released VBN I-VP
the DT B-NP
third JJ I-NP
week NN I-NP
of IN B-PP
November NNP B-NP
, , O
according VBG B-PP
to TO B-PP
Michael NNP B-NP
Dell NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
. . O

Mr. NNP B-NP
Dell NNP I-NP
said VBD B-VP
he PRP B-NP
does VBZ B-VP
n't RB I-VP
expect VB I-VP
a DT B-NP
loss NN I-NP
in IN B-PP
either DT B-NP
the DT I-NP
third JJ I-NP
or CC I-NP
fourth JJ I-NP
quarter NN I-NP
, , O
but CC O
said VBD B-VP
third-quarter JJ B-NP
earnings NNS I-NP
could MD B-VP
be VB I-VP
as RB B-ADJP
low JJ I-ADJP
as IN B-PP
four CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

In IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
last JJ B-NP
year NN I-NP
, , O
Dell NNP B-NP
had VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
5 NN I-NP
million CD I-NP
, , O
or CC O
26 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
75.2 CD I-NP
million CD I-NP
. . O

Mr. NNP B-NP
Dell NNP I-NP
attributed VBD B-VP
the DT B-NP
earnings NNS I-NP
slide NN I-NP
to TO B-PP
new JJ B-NP
product NN I-NP
delays NNS I-NP
, , O
such JJ B-PP
as IN I-PP
a DT B-NP
laptop NN I-NP
scheduled VBN B-VP
for IN B-PP
September NNP B-NP
that WDT B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
introduced VBN I-VP
until IN B-PP
early JJ B-NP
November NNP I-NP
. . O

Some DT B-NP
delays NNS I-NP
have VBP B-VP
been VBN I-VP
caused VBN I-VP
by IN B-PP
a DT B-NP
shortage NN I-NP
of IN B-PP
micoprocessors NNS B-NP
-- : O
notably RB O
Intel NNP B-NP
Corp. NNP I-NP
's POS B-NP
newest JJS I-NP
chip NN I-NP
, , O
the DT B-NP
486 CD I-NP
-- : O
but CC O
others NNS B-NP
apparently RB B-ADVP
have VBP B-VP
been VBN I-VP
caused VBN I-VP
by IN B-PP
Dell NNP B-NP
's POS B-NP
explosive JJ O
growth NN O
and CC O
thinly RB B-ADJP
stretched VBD I-ADJP
resources NNS B-NP
. . O

`` `` O
They PRP B-NP
've VBP B-VP
got VBD I-VP
a DT B-NP
lot NN I-NP
of IN B-PP
different JJ B-NP
balls NNS I-NP
in IN B-PP
the DT B-NP
air NN I-NP
at IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
'' '' O
observes VBZ B-VP
Jim NNP B-NP
Poyner NNP I-NP
, , O
a DT B-NP
computer NN I-NP
securities NNS I-NP
analyst NN I-NP
with IN B-PP
Dallas-based JJ B-NP
William NNP I-NP
K. NNP I-NP
Woodruff NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

Mr. NNP B-NP
Dell NNP I-NP
, , O
meanwhile RB B-ADVP
, , O
concedes VBZ B-VP
the DT B-NP
company NN I-NP
was VBD B-VP
`` `` O
definitely RB B-ADVP
too RB B-ADJP
optimistic JJ I-ADJP
'' '' O
in IN B-PP
its PRP$ B-NP
expectations NNS I-NP
. . O

Product NN B-NP
delays NNS I-NP
, , O
however RB B-ADVP
, , O
have VBP B-VP
left VBN I-VP
Dell NNP B-NP
buffeted VBN B-VP
by IN B-PP
harsher JJR B-NP
competition NN I-NP
in IN B-PP
its PRP$ B-NP
bread-and-butter JJ I-NP
line NN I-NP
of IN B-PP
desktop NN B-NP
computers NNS I-NP
, , O
as IN B-SBAR
powerhouse NN B-NP
competitors NNS I-NP
Compaq NNP B-NP
Computer NNP I-NP
Corp. NNP I-NP
and CC O
International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
price VB B-VP
their PRP$ B-NP
PCs NNS I-NP
more RBR B-ADVP
aggressively RB I-ADVP
. . O

The DT B-NP
result NN I-NP
has VBZ B-VP
been VBN I-VP
thinner JJR B-NP
margins NNS I-NP
, , O
which WDT B-NP
have VBP B-VP
been VBN I-VP
further RB I-VP
eroded VBN I-VP
by IN B-PP
an DT B-NP
ambitious JJ I-NP
research NN I-NP
and CC I-NP
development NN I-NP
effort NN I-NP
and CC O
rapid JJ B-NP
overseas JJ I-NP
expansion NN I-NP
. . O

Analyst NNP B-NP
James NNP I-NP
Weil NNP I-NP
of IN B-PP
the DT B-NP
Soundview NNP I-NP
Financial NNP I-NP
Group NNP I-NP
believes VBZ B-VP
Dell NNP B-NP
's POS B-NP
response NN I-NP
has VBZ B-VP
been VBN I-VP
to TO B-VP
place VB I-VP
increased VBN B-NP
emphasis NN I-NP
on IN B-PP
product NN B-NP
quality NN I-NP
, , O
`` `` O
in IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
rise VB I-VP
above IN B-PP
some DT B-NP
of IN B-PP
that DT B-NP
price NN I-NP
pressure NN I-NP
. . O
'' '' O

But CC O
that DT B-NP
has VBZ B-VP
been VBN I-VP
the DT B-NP
key JJ I-NP
to TO B-PP
Compaq NNP B-NP
's POS B-NP
success NN I-NP
, , O
he PRP B-NP
adds VBZ B-VP
, , O
whereas IN B-SBAR
Dell NNP B-NP
carved VBD B-VP
out IN B-PRT
its PRP$ B-NP
market NN I-NP
niche NN I-NP
as IN B-PP
a DT B-NP
direct JJ I-NP
seller NN I-NP
of IN B-PP
low-cost JJ B-NP
but CC I-NP
reliable JJ I-NP
computers NNS I-NP
-- : O
and CC O
it PRP B-NP
might MD B-VP
be VB I-VP
too RB B-ADJP
late RB I-ADJP
in IN B-PP
the DT B-NP
game NN I-NP
for IN B-PP
a DT B-NP
shift NN I-NP
in IN B-PP
strategy NN B-NP
. . O

In IN B-PP
national JJ B-NP
over-the-counter JJ I-NP
trading NN I-NP
, , O
Dell NNP B-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
6 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
87.5 CD B-NP
cents NNS I-NP
. . O

TransAtlantic NNP B-NP
Holdings NNP I-NP
PLC NNP I-NP
, , O
a DT B-NP
British-based JJ I-NP
, , I-NP
South JJ I-NP
African-controlled JJ I-NP
financial JJ I-NP
services NNS I-NP
investment NN I-NP
group NN I-NP
, , O
and CC O
France NNP B-NP
's POS B-NP
Societe NNP I-NP
Centrale NNP I-NP
Union NNP I-NP
des NNP I-NP
Assurances NNP I-NP
de FW I-NP
Paris NNP I-NP
reached VBD B-VP
an DT B-NP
accord NN I-NP
effectively RB B-VP
reducing VBG I-VP
chances NNS B-NP
of IN B-PP
an DT B-NP
unfriendly JJ I-NP
takeover NN I-NP
for IN B-PP
Sun NNP B-NP
Life NNP I-NP
Assurance NNP I-NP
Society NNP I-NP
PLC NNP I-NP
. . O

In IN B-PP
a DT B-NP
joint JJ I-NP
statement NN I-NP
, , O
the DT B-NP
two CD I-NP
companies NNS I-NP
, , O
whose WP$ B-NP
combined VBN I-NP
holdings NNS I-NP
equal JJ B-VP
52.7 CD B-NP
% NN I-NP
of IN B-PP
Sun NNP B-NP
Life NNP I-NP
's POS B-NP
ordinary JJ I-NP
shares NNS I-NP
, , O
said VBD B-VP
their PRP$ B-NP
agreement NN I-NP
is VBZ B-VP
aimed VBN I-VP
at IN B-PP
reducing VBG B-VP
`` `` O
the DT B-NP
uncertainty NN I-NP
and CC I-NP
instability NN I-NP
for IN B-PP
Sun NNP B-NP
Life NNP I-NP
that WDT B-NP
has VBZ B-VP
resulted VBN I-VP
from IN B-PP
two CD B-NP
major JJ I-NP
shareholders NNS I-NP
owning VBG B-VP
'' '' O
a DT B-NP
controlling VBG I-NP
interest NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
. . O

TransAtlantic NNP B-NP
, , O
whose WP$ B-NP
Transol NNP I-NP
Investments NNP I-NP
Ltd. NNP I-NP
unit NN I-NP
owns VBZ B-VP
the DT B-NP
largest JJS I-NP
minority NN I-NP
stake NN I-NP
in IN B-PP
Sun NNP B-NP
Life NNP I-NP
, , O
has VBZ B-VP
agreed VBN I-VP
not RB O
to TO B-VP
make VB I-VP
a DT B-NP
takeover NN I-NP
bid NN I-NP
for IN B-PP
the DT B-NP
British JJ I-NP
life NN I-NP
insurer NN I-NP
without IN B-PP
the DT B-NP
prior JJ I-NP
consent NN I-NP
of IN B-PP
the DT B-NP
French JJ I-NP
company NN I-NP
, , O
known VBN B-VP
as IN B-PP
UAP NNP B-NP
. . O

In IN B-PP
return NN B-NP
, , O
the DT B-NP
agreement NN I-NP
would MD B-VP
force VB I-VP
UAP NNP B-NP
to TO B-VP
buy VB I-VP
TransAtlantic NNP B-NP
's POS B-NP
29.8 CD B-ADJP
% NN I-ADJP
holding VBG B-NP
in IN B-PP
Sun NNP B-NP
Life NNP I-NP
or CC O
sell VB B-VP
its PRP$ B-NP
22.9 CD I-NP
% NN I-NP
stake NN I-NP
to TO B-PP
TransAtlantic NNP B-NP
at IN B-PP
a DT B-NP
price NN I-NP
set VBN B-VP
by IN B-PP
Transatlantic NNP B-NP
. . O

Pride NNP B-NP
Petroleum NNP I-NP
Services NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
agreed VBD B-VP
to TO I-VP
buy VB I-VP
well-servicing JJ B-NP
assets NNS I-NP
of IN B-PP
two CD B-NP
companies NNS I-NP
and CC O
expects VBZ B-VP
to TO I-VP
report VB I-VP
higher JJR B-NP
third-quarter JJ I-NP
revenue NN I-NP
and CC I-NP
earnings NNS I-NP
. . O

In IN B-PP
the DT B-NP
year-earlier JJ I-NP
quarter NN I-NP
, , O
the DT B-NP
well-servicing JJ I-NP
contractor NN I-NP
had VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
319,000 CD I-NP
, , O
or CC O
3 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
about RB B-NP
$ $ I-NP
15 CD I-NP
million CD I-NP
. . O

Results NNS B-NP
for IN B-PP
the DT B-NP
earlier JJR I-NP
quarter NN I-NP
included VBD B-VP
a DT B-NP
$ $ I-NP
100,000 CD I-NP
restructuring NN I-NP
charge NN I-NP
. . O

Separately RB B-ADVP
, , O
the DT B-NP
Houston NNP I-NP
concern NN I-NP
said VBD B-VP
it PRP B-NP
signed VBD B-VP
letters NNS B-NP
of IN B-PP
intent NN B-NP
for IN B-PP
the DT B-NP
cash NN I-NP
and CC I-NP
stock NN I-NP
purchases NNS I-NP
of IN B-PP
a DT B-NP
total NN I-NP
of IN B-PP
29 CD B-NP
well-servicing JJ I-NP
rigs NNS I-NP
from IN B-PP
two CD B-NP
concerns NNS I-NP
located VBN B-VP
in IN B-PP
New NNP B-NP
Mexico NNP I-NP
and CC O
California NNP B-NP
. . O

It PRP B-NP
did VBD B-VP
n't RB I-VP
disclose VB I-VP
specifics NNS B-NP
but CC O
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
complete VB I-VP
the DT B-NP
purchases NNS I-NP
by IN B-PP
Nov. NNP B-NP
1 CD I-NP
. . O

Schlumberger NNP B-NP
Ltd. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
reported VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
edged VBD B-VP
up IN B-ADVP
as IN B-SBAR
growth NN B-NP
in IN B-PP
its PRP$ B-NP
oil-field NN I-NP
services NNS I-NP
sector NN I-NP
offset VB B-VP
a DT B-NP
decline NN I-NP
in IN B-PP
interest NN B-NP
income NN I-NP
. . O

The DT B-NP
lower JJR I-NP
interest NN I-NP
income NN I-NP
occurred VBD B-VP
because IN B-SBAR
Schlumberger NNP B-NP
spent VBD B-VP
$ $ B-NP
1.2 CD I-NP
billion CD I-NP
buying VBG B-VP
back RB B-PRT
its PRP$ B-NP
stock NN I-NP
last JJ B-NP
year NN I-NP
. . O

Net JJ B-NP
for IN B-PP
the DT B-NP
oil-field NN I-NP
services NNS I-NP
and CC I-NP
electronic JJ I-NP
measurements NNS I-NP
and CC I-NP
systems NNS I-NP
concern VBP I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
114.2 CD I-NP
million CD I-NP
, , O
or CC O
48 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
112.2 CD I-NP
million CD I-NP
, , O
or CC O
42 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Per-share JJ B-NP
earnings NNS I-NP
advanced VBD B-VP
14 CD B-NP
% NN I-NP
because IN B-PP
of IN I-PP
the DT B-NP
buy-back NN I-NP
. . O

Revenue NN B-NP
declined VBD B-VP
6.3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.11 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.18 CD I-NP
billion CD I-NP
. . O

But CC O
excluding VBG B-PP
businesses NNS B-NP
acquired VBN B-VP
or CC I-VP
sold VBN I-VP
, , O
revenue NN B-NP
was VBD B-VP
flat JJ B-ADJP
at IN B-PP
about RB B-NP
$ $ I-NP
1.24 CD I-NP
billion CD I-NP
. . O

Nine-month JJ B-NP
net NN I-NP
fell VBD B-VP
9.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
323.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.36 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
357.2 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.32 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Revenue NN B-NP
dropped VBD B-VP
5.4 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
3.48 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
3.68 CD I-NP
billion CD I-NP
. . O

This DT B-NP
year NN I-NP
's POS B-NP
nine-month JJ I-NP
results NNS I-NP
include VBP B-VP
gains NNS B-NP
of IN B-PP
$ $ B-NP
13 CD I-NP
million CD I-NP
, , O
or CC O
five CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
Schlumberger NNP B-NP
's POS B-NP
defense NN I-NP
systems NNS I-NP
business NN I-NP
, , O
and CC O
$ $ B-NP
22 CD I-NP
million CD I-NP
, , O
or CC O
nine CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
an DT B-NP
award NN I-NP
by IN B-PP
the DT B-NP
IranU.S NNP I-NP
. . I-NP
Claims NNP I-NP
Tribunal NNP I-NP
. . O

The DT B-NP
year-earlier JJ I-NP
nine CD I-NP
months NNS I-NP
include VBP B-VP
a DT B-NP
gain NN I-NP
of IN B-PP
$ $ B-NP
35 CD I-NP
million CD I-NP
, , O
or CC O
13 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
sale NN B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
Electricity NNP I-NP
Control NNP I-NP
& CC I-NP
Transformers NNPS I-NP
division NN I-NP
. . O

NEW NNP B-NP
ENGLAND NNP I-NP
CRITICAL NNP I-NP
CARE NNP I-NP
Inc. NNP I-NP
offered VBD B-VP
$ $ B-NP
35 CD I-NP
million CD I-NP
in IN B-PP
convertible JJ B-NP
subordinated VBN I-NP
debentures NNS I-NP
through IN B-PP
Morgan NNP B-NP
Stanley NNP I-NP
& CC I-NP
Co. NNP I-NP
and CC O
Prudential-Bache NNP B-NP
Capital NNP I-NP
Funding NNP I-NP
. . O

The DT B-NP
debentures NNS I-NP
, , O
due JJ B-ADJP
in IN B-PP
2014 CD B-NP
, , O
have VBP B-VP
a DT B-NP
coupon NN I-NP
of IN B-PP
7 CD B-NP
3\/4 CD I-NP
% NN I-NP
, , O
payable JJ B-ADJP
semiannually RB I-ADJP
. . O

The DT B-NP
debentures NNS I-NP
may MD B-VP
be VB I-VP
converted VBN I-VP
into IN B-PP
common JJ B-NP
stock NN I-NP
of IN B-PP
the DT B-NP
Westborough NNP I-NP
, , I-NP
Mass. NNP I-NP
, , I-NP
home NN I-NP
health NN I-NP
care NN I-NP
concern NN I-NP
at IN B-PP
$ $ B-NP
52.50 CD I-NP
a DT B-NP
share NN I-NP
. . O

Proceeds NNS B-NP
will MD B-VP
be VB I-VP
used VBN I-VP
for IN B-PP
working VBG B-NP
capital NN I-NP
and CC O
general JJ B-NP
corporate JJ I-NP
purposes NNS I-NP
, , O
including VBG B-PP
expansion NN B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
operations NNS I-NP
. . O

The DT B-NP
French JJ I-NP
building NN I-NP
group NN I-NP
Dumez NNP I-NP
S.A. NNP I-NP
said VBD B-VP
profit NN B-NP
jumped VBD B-VP
70 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
of IN B-PP
1989 CD B-NP
, , O
partly RB B-PP
on IN I-PP
the DT B-NP
strength NN I-NP
of IN B-PP
nonrecurring VBG B-NP
gains NNS I-NP
from IN B-PP
a DT B-NP
share NN I-NP
issue NN I-NP
by IN B-PP
its PRP$ B-NP
Canadian JJ I-NP
unit NN I-NP
. . O

Dumez NNP B-NP
said VBD B-VP
group NN B-NP
profit NN I-NP
after IN B-PP
payments NNS B-NP
to TO B-PP
minority NN B-NP
interests NNS I-NP
rose VBD B-VP
to TO B-PP
252 CD B-NP
million CD I-NP
francs NNS I-NP
-LRB- ( O
$ $ B-NP
40.1 CD I-NP
million CD I-NP
-RRB- ) O
from IN B-PP
148 CD B-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Revenue NN B-NP
rose VBD B-VP
40 CD B-NP
% NN I-NP
to TO B-PP
13.32 CD B-NP
billion CD I-NP
francs NNS I-NP
from IN B-PP
9.53 CD B-NP
billion CD I-NP
. . O

The DT B-NP
group NN I-NP
noted VBD B-VP
that IN B-SBAR
75 CD B-NP
million CD I-NP
francs NNS I-NP
of IN B-PP
the DT B-NP
advance NN I-NP
reflected VBD B-VP
a DT B-NP
one-time JJ I-NP
gain NN I-NP
from IN B-PP
the DT B-NP
June NNP I-NP
offering NN I-NP
by IN B-PP
its PRP$ B-NP
United NNP I-NP
Westburne NNP I-NP
unit NN I-NP
in IN B-PP
Canada NNP B-NP
. . O

It PRP B-NP
did VBD B-VP
n't RB I-VP
say VB I-VP
if IN B-SBAR
its PRP$ B-NP
year-earlier JJ I-NP
results NNS I-NP
were VBD B-VP
influenced VBN I-VP
significantly RB B-ADVP
by IN B-PP
nonrecurring VBG B-NP
elements NNS I-NP
. . O

For IN B-PP
all DT B-NP
of IN B-PP
1988 CD B-NP
, , O
Dumez NNP B-NP
had VBD B-VP
group NN B-NP
profit NN I-NP
of IN B-PP
452 CD B-NP
million CD I-NP
francs NNS I-NP
after IN B-PP
payment NN B-NP
to TO B-PP
minority NN B-NP
interests NNS I-NP
. . O

Revenue NN B-NP
was VBD B-VP
21.98 CD B-NP
billion CD I-NP
francs NNS I-NP
. . O

The DT B-NP
group NN I-NP
has VBZ B-VP
n't RB I-VP
forecast VB I-VP
full-year JJ B-NP
earnings NNS I-NP
for IN B-PP
1989 CD B-NP
, , O
although IN B-SBAR
it PRP B-NP
said VBD B-VP
that IN B-SBAR
its PRP$ B-NP
first-half JJ I-NP
results NNS I-NP
are VBP B-VP
n't RB O
a DT B-NP
good JJ I-NP
indication NN I-NP
because IN B-PP
of IN I-PP
one-time JJ B-NP
elements NNS I-NP
and CC O
the DT B-NP
seasonal JJ I-NP
nature NN I-NP
of IN B-PP
its PRP$ B-NP
operations NNS I-NP
. . O

Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
will MD B-VP
depress VB I-VP
local JJ B-NP
real-estate NN I-NP
values NNS I-NP
in IN B-PP
the DT B-NP
short JJ I-NP
term NN I-NP
and CC O
force NN B-VP
companies NNS B-NP
to TO B-VP
reconsider VB I-VP
expanding VBG I-VP
in IN B-PP
or CC O
relocating VBG B-VP
to TO B-PP
the DT B-NP
Bay NNP I-NP
Area NNP I-NP
and CC O
California NNP B-NP
, , O
real-estate NN B-NP
and CC I-NP
relocation NN I-NP
specialists NNS I-NP
said VBD B-VP
. . O

Few JJ B-NP
specialists NNS I-NP
said VBD B-VP
they PRP B-NP
expect VBP B-VP
the DT B-NP
quake NN I-NP
to TO B-VP
have VB I-VP
much NN B-NP
of IN B-PP
an DT B-NP
effect NN I-NP
on IN B-PP
most RBS B-NP
California NNP I-NP
property NN I-NP
values NNS I-NP
. . O

But CC O
real-estate NN B-NP
experts NNS I-NP
and CC I-NP
brokers NNS I-NP
said VBD B-VP
the DT B-NP
quake NN I-NP
undoubtedly RB B-ADVP
will MD B-VP
drag VB I-VP
down RB B-PRT
prices VBZ B-NP
in IN B-PP
neighborhoods NNS B-NP
built VBN B-VP
on IN B-PP
less RBR B-NP
stable JJ I-NP
ground NN I-NP
, , O
especially RB B-PP
in IN I-PP
the DT B-NP
Bay NNP I-NP
Area NNP I-NP
. . O

`` `` O
California NNP B-NP
prices NNS I-NP
were VBD B-VP
already RB I-VP
coming VBG I-VP
down RB B-ADVP
. . O

This DT B-NP
is VBZ B-VP
n't RB I-VP
going VBG I-VP
to TO I-VP
help VB I-VP
, , O
'' '' O
said VBD B-VP
Kenneth NNP B-NP
T. NNP I-NP
Rosen NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
Center NNP I-NP
for IN B-PP
Real NNP B-NP
Estate NNP I-NP
and CC I-NP
Urban NNP I-NP
Economics NNP I-NP
at IN B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
California NNP B-NP
at IN B-PP
Berkeley NNP B-NP
. . O

State NN B-NP
housing NN I-NP
prices NNS I-NP
, , O
at IN B-PP
a DT B-NP
median JJ I-NP
$ $ I-NP
201,028 CD I-NP
, , O
have VBP B-VP
declined VBN I-VP
in IN B-PP
recent JJ B-NP
months NNS I-NP
because IN B-PP
of IN I-PP
potential JJ B-NP
buyers NNS I-NP
' POS B-NP
inability NN I-NP
to TO B-VP
afford VB I-VP
homes NNS B-NP
. . O

Mr. NNP B-NP
Rosen NNP I-NP
, , O
among IN B-PP
others NNS B-NP
, , O
suggested VBD B-VP
that IN B-SBAR
the DT B-NP
quake NN I-NP
, , O
the DT B-NP
strongest JJS I-NP
since IN B-PP
the DT B-NP
1906 CD I-NP
temblor NN I-NP
that WDT B-NP
struck VBD B-VP
San NNP B-NP
Francisco NNP I-NP
, , O
will MD B-VP
in IN B-PP
the DT B-NP
short JJ I-NP
term NN I-NP
create VB B-VP
a DT B-NP
two-tier JJ I-NP
price NN I-NP
system NN I-NP
for IN B-PP
quake-prone JJ B-NP
communities NNS I-NP
, , O
with IN B-PP
dwellings NNS B-NP
built VBN B-VP
on IN B-PP
sturdy JJ B-NP
ground NN I-NP
likely JJ B-ADJP
to TO B-VP
demand VB I-VP
higher JJR B-NP
prices NNS I-NP
. . O

One CD B-NP
San NNP I-NP
Francisco NNP I-NP
neighborhood NN I-NP
likely JJ B-ADJP
to TO B-VP
test VB I-VP
Mr. NNP B-NP
Rosen NNP I-NP
's POS B-NP
theory NN I-NP
soon RB B-ADVP
is VBZ B-VP
the DT B-NP
city NN I-NP
's POS B-NP
fashionable JJ I-NP
Marina NNP I-NP
district NN I-NP
, , O
which WDT B-NP
boasts VBZ B-VP
some DT B-NP
of IN B-PP
the DT B-NP
highest JJS I-NP
home NN I-NP
prices NNS I-NP
in IN B-PP
the DT B-NP
state NN I-NP
. . O

The DT B-NP
district NN I-NP
, , O
built VBN B-VP
on IN B-PP
landfill NN B-NP
, , O
suffered VBD B-VP
heavy JJ B-NP
quake NN I-NP
damage NN I-NP
, , O
including VBG B-PP
collapsed VBN B-NP
buildings NNS I-NP
. . O

Yesterday NN B-NP
, , O
the DT B-NP
city NN I-NP
demolished VBN B-VP
two CD B-NP
dwellings NNS I-NP
in IN B-PP
the DT B-NP
district NN I-NP
because IN B-PP
of IN I-PP
severe JJ B-NP
structural JJ I-NP
damage NN I-NP
and CC O
said VBD B-VP
as RB B-NP
many JJ I-NP
as IN I-NP
19 CD I-NP
of IN B-PP
the DT B-NP
district NN I-NP
's POS B-NP
350 CD I-NP
dwellings NNS I-NP
might MD B-VP
have VB I-VP
to TO I-VP
be VB I-VP
razed VBN I-VP
. . O

Brokers NNS B-NP
agreed VBD B-VP
with IN B-PP
the DT B-NP
two-tier JJ I-NP
price NN I-NP
theory NN I-NP
. . O

`` `` O
My PRP$ B-NP
gut NN I-NP
feeling NN I-NP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
Marina NNP I-NP
properties NNS I-NP
will MD B-VP
be VB I-VP
affected VBN I-VP
, , O
'' '' O
said VBD B-VP
Grace NNP B-NP
Perkins NNP I-NP
, , O
senior JJ B-NP
vice NN I-NP
president NN I-NP
at IN B-PP
Grubb NNP B-NP
& CC I-NP
Ellis NNP I-NP
Residential NNP I-NP
Brokerage NNP I-NP
Inc NNP I-NP
. . O

Neither CC O
she PRP B-NP
nor CC O
other JJ B-NP
real-estate NN I-NP
executives NNS I-NP
and CC I-NP
brokers NNS I-NP
could MD B-VP
project VB I-VP
how WRB B-NP
much RB I-NP
less JJR I-NP
Marina NNP B-NP
properties NNS I-NP
might MD B-VP
bring VB I-VP
, , O
but CC O
she PRP B-NP
said VBD B-VP
the DT B-NP
two-tier JJ I-NP
price NN I-NP
structure NN I-NP
would MD B-VP
affect VB I-VP
prices NNS B-NP
`` `` O
for IN B-PP
a DT B-NP
while NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Rosen NNP I-NP
said VBD B-VP
the DT B-NP
quake NN I-NP
will MD B-VP
revive VB I-VP
consumer NN B-NP
interest NN I-NP
in IN B-PP
a DT B-NP
little-publicized JJ I-NP
1972 CD I-NP
state NN I-NP
law NN I-NP
that WDT B-NP
requires VBZ B-VP
brokers NNS B-NP
to TO B-VP
disclose VB I-VP
to TO B-PP
potential JJ B-NP
buyers NNS I-NP
how WRB B-ADVP
close VB O
a DT B-NP
property NN I-NP
sits VBZ B-VP
to TO B-PP
a DT B-NP
fault NN I-NP
line NN I-NP
. . O

Because IN B-PP
of IN I-PP
the DT B-NP
size NN I-NP
of IN B-PP
the DT B-NP
California NNP I-NP
market NN I-NP
, , O
few JJ B-NP
relocation NN I-NP
specialists NNS I-NP
expect VBP B-VP
a DT B-NP
widespread JJ I-NP
corporate JJ I-NP
flight NN I-NP
in IN B-PP
the DT B-NP
quake NN I-NP
's POS B-NP
aftermath NN I-NP
. . O

But CC O
they PRP B-NP
said VBD B-VP
the DT B-NP
quake NN I-NP
will MD B-VP
force VB I-VP
some DT B-NP
companies NNS I-NP
to TO B-VP
relocate VB I-VP
or CC I-VP
expand VB I-VP
part NN B-NP
or CC I-NP
all DT I-NP
of IN B-PP
their PRP$ B-NP
operations NNS I-NP
outside IN B-PP
the DT B-NP
state NN I-NP
. . O

`` `` O
What WP B-NP
you PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
get VB I-VP
is VBZ B-VP
` `` O
We PRP B-NP
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
put VB I-VP
all DT B-NP
of IN B-PP
our PRP$ B-NP
eggs NNS I-NP
in IN B-PP
one CD B-NP
basket NN I-NP
' POS B-NP
theory NN I-NP
, , O
'' '' O
said VBD B-VP
James NNP B-NP
H. NNP I-NP
Renzas NNP I-NP
, , O
president NN B-NP
of IN B-PP
Location NNP B-NP
Management NNP I-NP
Services NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
Palo NNP I-NP
Alto NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
relocation NN I-NP
concern NN I-NP
. . O

Mr. NNP B-NP
Renzas NNP I-NP
, , O
among IN B-PP
others NNS B-NP
, , O
said VBD B-VP
the DT B-NP
quake NN I-NP
will MD B-VP
prod VB I-VP
companies NNS B-NP
in IN B-PP
certain JJ B-NP
industries NNS I-NP
, , O
like IN B-PP
semiconductors NNS B-NP
, , I-NP
computers NNS I-NP
and CC I-NP
aerospace NN I-NP
, , O
to TO B-VP
consider VB I-VP
moving VBG I-VP
operations NNS B-NP
that WDT B-NP
involve VBP B-VP
particularly RB B-NP
sensitive JJ I-NP
machinery NN I-NP
to TO B-PP
locations NNS B-NP
outside IN B-PP
California NNP B-NP
. . O

Because IN B-PP
of IN I-PP
the DT B-NP
quake NN I-NP
threat NN I-NP
, , O
`` `` O
some DT B-NP
firms NNS I-NP
have VBP B-VP
evaluated VBN I-VP
what WP B-NP
the DT B-NP
cost NN I-NP
is VBZ B-VP
to TO B-VP
shore VB I-VP
up IN B-PRT
their PRP$ B-NP
buildings NNS I-NP
and CC O
compared VBN B-VP
it PRP B-NP
with IN B-PP
the DT B-NP
cost NN I-NP
of IN B-PP
building NN B-VP
it PRP B-NP
elswehere NN B-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

One CD B-NP
Southern NNP I-NP
California NNP I-NP
aerospace NN I-NP
firm NN I-NP
, , O
for IN B-PP
example NN B-NP
, , O
two CD B-NP
months NNS I-NP
ago RB B-ADVP
asked VBD B-VP
Location NNP B-NP
Management NNP I-NP
to TO B-VP
compare VB I-VP
the DT B-NP
costs NNS I-NP
of IN B-PP
reinforcing VBG B-VP
its PRP$ B-NP
current JJ I-NP
building NN I-NP
against IN B-PP
earthquakes NNS B-NP
with IN B-PP
the DT B-NP
cost NN I-NP
of IN B-PP
building VBG B-VP
a DT B-NP
new JJ I-NP
structure NN I-NP
elsewhere RB B-ADVP
. . O

A DT B-NP
new JJ I-NP
dwelling NN I-NP
would MD B-VP
cost VB I-VP
$ $ B-NP
21 CD I-NP
million CD I-NP
, , O
Location NNP B-NP
Management NNP I-NP
found VBD B-VP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
22 CD I-NP
million CD I-NP
to TO B-VP
make VB I-VP
the DT B-NP
present JJ I-NP
building NN I-NP
earthquake-proof JJ B-ADJP
. . O

The DT B-NP
company NN I-NP
, , O
Mr. NNP B-NP
Renzas NNP I-NP
said VBD B-VP
, , O
has VBZ B-VP
n't RB I-VP
yet RB I-VP
determined VBN I-VP
what WP B-NP
to TO B-VP
do VB I-VP
. . O

NATIONWIDE NNP B-NP
HEALTH NN I-NP
PROPERTIES NNPS I-NP
, , O
Pasadena NNP B-NP
, , O
Calif. NNP B-NP
, , O
said VBD B-VP
it PRP B-NP
would MD B-VP
n't RB I-VP
pay VB I-VP
its PRP$ B-NP
fourth-quarter JJ I-NP
dividend NN I-NP
, , O
despite IN B-PP
a DT B-NP
44 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
third-quarter JJ B-NP
earnings NNS I-NP
, , O
to TO B-PP
$ $ B-NP
3.5 CD I-NP
million CD I-NP
, , O
or CC O
42 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Net JJ B-NP
income NN I-NP
included VBD B-VP
a DT B-NP
gain NN I-NP
of IN B-PP
$ $ B-NP
708,000 CD I-NP
on IN B-PP
asset NN B-NP
sales NNS I-NP
, , O
the DT B-NP
real JJ I-NP
estate NN I-NP
investment NN I-NP
trust NN I-NP
said VBD B-VP
. . O

A DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
Nationwide NNP B-NP
Health NNP I-NP
earned VBD B-VP
$ $ B-NP
2.4 CD I-NP
million CD I-NP
, , O
or CC O
29 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
8.8 CD I-NP
million CD I-NP
. . O

Nationwide NNP B-NP
Health NNP I-NP
said VBD B-VP
that IN B-SBAR
although IN B-SBAR
it PRP B-NP
has VBZ B-VP
the DT B-NP
cash NN I-NP
to TO B-VP
cover VB I-VP
the DT B-NP
25-cent-a-share JJ I-NP
dividend NN I-NP
, , O
its PRP$ B-NP
banks NNS I-NP
have VBP B-VP
denied VBN I-VP
the DT B-NP
company NN I-NP
's POS B-NP
request NN I-NP
to TO B-VP
pay VB I-VP
it PRP B-NP
because IN B-SBAR
the DT B-NP
trust NN I-NP
has VBZ B-VP
n't RB I-VP
met VBN I-VP
certain JJ B-NP
terms NNS I-NP
. . O

Nationwide NNP B-NP
Health NNP I-NP
said VBD B-VP
it PRP B-NP
has VBZ B-VP
`` `` O
numerous JJ B-NP
financing NN I-NP
activities NNS I-NP
'' '' O
under IN B-PP
way NN B-NP
to TO B-VP
remedy VB I-VP
the DT B-NP
problem NN I-NP
and CC O
will MD B-VP
make VB I-VP
up IN B-PRT
the DT B-NP
dividend NN I-NP
payment NN I-NP
later RB B-ADVP
if IN B-SBAR
possible JJ B-ADJP
. . O

Aussedat NNP B-NP
Rey NNP I-NP
S.A. NNP I-NP
, , O
a DT B-NP
French JJ I-NP
paper NN I-NP
producer NN I-NP
, , O
said VBD B-VP
it PRP B-NP
concluded VBD B-VP
an DT B-NP
agreement NN I-NP
with IN B-PP
Japan NNP B-NP
's POS B-NP
Fuji NNP I-NP
Photo NNP I-NP
Film NNP I-NP
Co. NNP I-NP
that WDT B-NP
will MD B-VP
allow VB I-VP
Aussedat NNP B-NP
Rey NNP I-NP
to TO B-VP
manufacture VB I-VP
and CC I-VP
sell VB I-VP
thermal JJ B-NP
paper NN I-NP
using VBG B-VP
Fuji NNP B-NP
technology NN I-NP
. . O

Aussedat NNP B-NP
Rey NNP I-NP
is VBZ B-VP
a DT B-NP
leading VBG I-NP
French JJ I-NP
maker NN I-NP
of IN B-PP
copying NN B-NP
and CC I-NP
electronic JJ I-NP
printing NN I-NP
paper NN I-NP
. . O

Thermal JJ B-NP
paper NN I-NP
is VBZ B-VP
used VBN I-VP
in IN B-PP
facsimile NN B-NP
machines NNS I-NP
. . O

Terms NNS B-NP
of IN B-PP
the DT B-NP
agreement NN I-NP
were VBD B-VP
n't RB I-VP
disclosed VBN I-VP
. . O

Aussedat NNP B-NP
Rey NNP I-NP
's POS B-NP
move NN I-NP
follows VBZ B-VP
similar JJ B-NP
technology-licensing JJ I-NP
agreements NNS I-NP
between IN B-PP
Japanese JJ B-NP
producers NNS I-NP
of IN B-PP
thermal JJ B-NP
paper NN I-NP
and CC O
European JJ B-NP
paper NN I-NP
groups NNS I-NP
. . O

W.R. NNP B-NP
Grace NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
said VBD B-VP
its PRP$ B-NP
earnings NNS I-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
nearly RB B-VP
doubled VBD I-VP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
a DT B-NP
$ $ I-NP
114.4 CD I-NP
million CD I-NP
pre-tax JJ I-NP
gain NN I-NP
from IN B-PP
restructuring VBG B-VP
its PRP$ B-NP
energy NN I-NP
operations NNS I-NP
and CC O
other JJ B-NP
adjustments NNS I-NP
. . O

Net JJ B-NP
income NN I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
97.9 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.15 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
50.5 CD I-NP
million CD I-NP
, , O
or CC O
60 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
increased VBN B-VP
7 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.49 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.39 CD I-NP
billion CD I-NP
. . O

The DT B-NP
gain NN I-NP
resulted VBD B-VP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
Grace NNP B-NP
Equipment NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
initial JJ I-NP
public JJ I-NP
offering NN I-NP
of IN B-PP
a DT B-NP
one-sixth JJ I-NP
interest NN I-NP
in IN B-PP
Grace NNP B-NP
Energy NNP I-NP
Corp. NNP I-NP
and CC O
an DT B-NP
adjustment NN I-NP
in IN B-PP
the DT B-NP
carrying VBG I-NP
value NN I-NP
of IN B-PP
certain JJ B-NP
natural JJ I-NP
resource NN I-NP
assets NNS I-NP
not RB B-NP
part NN I-NP
of IN B-PP
Grace NNP B-NP
Energy NNP I-NP
. . O

The DT B-NP
international JJ I-NP
specialty NN I-NP
chemical NN I-NP
company NN I-NP
's POS B-NP
earnings NNS I-NP
were VBD B-VP
hurt VBN I-VP
by IN B-PP
an DT B-NP
accrual NN I-NP
for IN B-PP
stock-appreciation NN B-NP
rights NNS I-NP
that WDT B-NP
reflected VBD B-VP
a DT B-NP
19 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
the DT B-NP
stock NN I-NP
price NN I-NP
, , O
and CC O
higher JJR B-NP
interest NN I-NP
expenses NNS I-NP
. . O

Anglo NNP B-NP
American NNP I-NP
Corp. NNP I-NP
of IN B-PP
South NNP B-NP
Africa NNP I-NP
Ltd. NNP I-NP
said VBD B-VP
the DT B-NP
third-quarter JJ I-NP
combined VBN I-NP
profit NN I-NP
of IN B-PP
its PRP$ B-NP
six CD I-NP
gold NN I-NP
mines NNS I-NP
dropped VBD B-VP
8.5 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
previous JJ I-NP
quarter NN I-NP
. . O

Total JJ B-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
to TO B-PP
471.6 CD B-NP
million CD I-NP
rand NN I-NP
-LRB- ( O
$ $ B-NP
178.0 CD I-NP
million CD I-NP
-RRB- ) O
from IN B-PP
515.4 CD B-NP
million CD I-NP
rand NN I-NP
in IN B-PP
the DT B-NP
June NNP I-NP
quarter NN I-NP
. . O

Total JJ B-NP
gold NN I-NP
production NN I-NP
by IN B-PP
all DT B-NP
six CD I-NP
mines NNS I-NP
rose VBD B-VP
4 CD B-NP
% NN I-NP
to TO B-PP
63,971 CD B-NP
kilograms NNS I-NP
from IN B-PP
61,493 CD B-NP
kilograms NNS I-NP
in IN B-PP
the DT B-NP
previous JJ I-NP
quarter NN I-NP
. . O

Doman NNP B-NP
Industries NNP I-NP
Ltd. NNP I-NP
said VBD B-VP
it PRP B-NP
increased VBD B-VP
its PRP$ B-NP
stake NN I-NP
in IN B-PP
Western NNP B-NP
Forest NNP I-NP
Products NNP I-NP
Ltd. NNP I-NP
to TO B-PP
56 CD B-NP
% NN I-NP
from IN B-PP
22 CD B-NP
% NN I-NP
, , O
through IN B-PP
a DT B-NP
two-step JJ I-NP
transaction NN I-NP
valued VBN B-VP
at IN B-PP
137 CD B-NP
million CD I-NP
Canadian JJ I-NP
dollars NNS I-NP
-LRB- ( O
$ $ B-NP
US116.7 CD I-NP
million CD I-NP
-RRB- ) O
. . O

Doman NNP B-NP
is VBZ B-VP
based VBN I-VP
in IN B-PP
Duncan NNP B-NP
, , O
British NNP B-NP
Columbia NNP I-NP
. . O

The DT B-NP
company NN I-NP
, , O
founded VBN B-VP
and CC I-VP
controlled VBN I-VP
by IN B-PP
Harbanse NNP B-NP
Doman NNP I-NP
, , O
its PRP$ B-NP
chairman NN I-NP
and CC I-NP
president NN I-NP
, , O
said VBD B-VP
the DT B-NP
purchase NN I-NP
would MD B-VP
make VB I-VP
it PRP B-NP
Canada NNP B-NP
's POS B-NP
10th JJ B-ADJP
largest JJS I-ADJP
forest NN B-NP
products NNS I-NP
company NN I-NP
. . O

Under IN B-PP
terms NNS B-NP
of IN B-PP
the DT B-NP
transaction NN I-NP
, , O
which WDT B-NP
was VBD B-VP
proposed VBN I-VP
in IN B-PP
June NNP B-NP
, , O
Doman NNP B-NP
said VBD B-VP
it PRP B-NP
acquired VBD B-VP
International NNP B-NP
Forest NNP I-NP
Products NNP I-NP
Ltd. NNP I-NP
's POS B-NP
22 CD B-ADJP
% NN I-ADJP
stake NN B-NP
in IN B-PP
Western NNP B-NP
Forest NNP I-NP
, , O
and CC O
Western NNP B-NP
Forest NNP I-NP
, , O
in IN B-PP
a DT B-NP
related VBN I-NP
transaction NN I-NP
, , O
bought VBD B-VP
back RB B-PRT
a DT B-NP
22 CD I-NP
% NN I-NP
interest NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
from IN B-PP
Fletcher NNP B-NP
Challenge NNP I-NP
Canada NNP I-NP
Ltd NNP I-NP
. . O

The DT B-NP
Fletcher NNP I-NP
Challenge NNP I-NP
Canada NNP I-NP
stake NN I-NP
was VBD B-VP
then RB I-VP
canceled VBN I-VP
, , O
Doman NNP B-NP
said VBD B-VP
, , O
raising VBG B-VP
Doman NNP B-NP
's POS B-NP
interest NN I-NP
in IN B-PP
Western NNP B-NP
Forest NNP I-NP
to TO B-PP
56 CD B-NP
% NN I-NP
. . O

Doman NNP B-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
also RB I-VP
granted VBN I-VP
an DT B-NP
option NN I-NP
to TO B-VP
acquire VB I-VP
the DT B-NP
remaining VBG I-NP
44 CD I-NP
% NN I-NP
interest NN I-NP
in IN B-PP
Western NNP B-NP
Forest NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
currently RB I-VP
held VBN I-VP
by IN B-PP
two CD B-NP
Canadian JJ I-NP
banks NNS I-NP
. . O

International NNP B-NP
Forest NNP I-NP
, , O
Western NNP B-NP
Forest NNP I-NP
, , O
and CC O
Fletcher NNP B-NP
Challenge NNP I-NP
Canada NNP I-NP
are VBP B-VP
Vancouver-based JJ B-NP
forest NN I-NP
products NNS I-NP
concerns NNS I-NP
. . O

The DT B-NP
Canadian JJ I-NP
government NN I-NP
introduced VBN B-VP
in IN B-PP
the DT B-NP
House NNP I-NP
of IN B-PP
Commons NNP B-NP
legislation NN B-NP
to TO B-VP
extend VB I-VP
federal JJ B-NP
regulatory JJ I-NP
authority NN I-NP
over IN B-PP
provincial JJ B-NP
government-owned JJ I-NP
telephone NN I-NP
utilities NNS I-NP
in IN B-PP
Alberta NNP B-NP
, , I-NP
Saskatchewan NNP I-NP
and CC I-NP
Manitoba NNP I-NP
. . O

The DT B-NP
legislation NN I-NP
would MD B-VP
open VB I-VP
the DT B-NP
way NN I-NP
for IN B-PP
more JJR B-NP
telephone NN I-NP
services NNS I-NP
and CC O
more JJR B-NP
competition NN I-NP
in IN B-PP
the DT B-NP
telephone NN I-NP
business NN I-NP
in IN B-PP
the DT B-NP
three CD I-NP
provinces NNS I-NP
, , O
federal JJ B-NP
officials NNS I-NP
said VBD B-VP
. . O

The DT B-NP
federal JJ I-NP
government NN I-NP
initiative NN I-NP
follows VBZ B-VP
a DT B-NP
recent JJ I-NP
Canadian NNP I-NP
Supreme NNP I-NP
Court NNP I-NP
decision NN I-NP
that WDT B-NP
held VBD B-VP
that IN B-SBAR
the DT B-NP
major JJ I-NP
telephone NN I-NP
companies NNS I-NP
in IN B-PP
Alberta NNP B-NP
, , I-NP
Saskatchewan NNP I-NP
and CC I-NP
Manitoba NNP I-NP
and CC B-PP
in IN B-PP
the DT B-NP
Atlantic NNP I-NP
coast NN I-NP
provinces NNS I-NP
were VBD B-VP
interprovincial JJ B-NP
undertakings NNS I-NP
and CC O
subject NN B-ADJP
to TO B-PP
federal JJ B-NP
legislative JJ I-NP
authority NN I-NP
. . O

Prior RB B-ADVP
to TO B-PP
the DT B-NP
ruling VBG I-NP
the DT B-NP
federal JJ I-NP
government NN I-NP
had VBD B-VP
regulated VBN I-VP
only RB B-NP
the DT I-NP
telephone NN I-NP
companies NNS I-NP
in IN B-PP
Quebec NNP B-NP
, , O
Ontario NNP B-NP
, , O
British NNP B-NP
Columbia NNP I-NP
and CC O
the DT B-NP
Northwest NNP I-NP
Territories NNP I-NP
. . O

The DT B-NP
governments NNS I-NP
of IN B-PP
Alberta NNP B-NP
, , I-NP
Saskatchewan NNP I-NP
and CC I-NP
Manitoba NNP I-NP
have VBP B-VP
strongly RB I-VP
opposed VBN I-VP
federal JJ B-NP
regulation NN I-NP
of IN B-PP
their PRP$ B-NP
telephone NN I-NP
companies NNS I-NP
. . O

The DT B-NP
extension NN I-NP
of IN B-PP
federal JJ B-NP
regulatory JJ I-NP
authority NN I-NP
over IN B-PP
telephone NN B-NP
utilities NNS I-NP
in IN B-PP
the DT B-NP
Atlantic NNP I-NP
provinces NNS I-NP
has VBZ B-VP
n't RB I-VP
required VBN I-VP
special JJ B-NP
legislation NN I-NP
because IN B-SBAR
they PRP B-NP
are VBP B-VP
investor-owned JJ B-ADJP
. . O

Amdura NNP B-NP
Corp. NNP I-NP
said VBD B-VP
its PRP$ B-NP
bank NN I-NP
group NN I-NP
, , O
led VBN B-VP
by IN B-PP
Chicago-based JJ B-NP
Continental NNP I-NP
Bank NNP I-NP
, , O
agreed VBD B-VP
to TO I-VP
extend VB I-VP
its PRP$ B-NP
$ $ I-NP
40 CD I-NP
million CD I-NP
bridge NN I-NP
loan NN I-NP
until IN B-PP
March NNP B-NP
31 CD I-NP
, , I-NP
1990 CD I-NP
, , O
and CC O
gave VBD B-VP
it PRP B-NP
a DT B-NP
new JJ I-NP
$ $ I-NP
30 CD I-NP
million CD I-NP
credit NN I-NP
line NN I-NP
. . O

Under IN B-PP
terms NNS B-NP
of IN B-PP
the DT B-NP
loan NN I-NP
agreement NN I-NP
, , O
Amdura NNP B-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
omit VB I-VP
the DT B-NP
next JJ I-NP
quarterly JJ I-NP
dividends NNS I-NP
on IN B-PP
its PRP$ B-NP
Series NNP I-NP
A DT I-NP
, , I-NP
B NNP I-NP
, , I-NP
C NN I-NP
and CC I-NP
D NN I-NP
preferred JJ I-NP
shares NNS I-NP
, , O
which WDT B-NP
are VBP B-VP
due JJ B-ADJP
Nov. NNP B-NP
15 CD I-NP
. . O

Since IN B-SBAR
the DT B-NP
preferred JJ I-NP
stock NN I-NP
is VBZ B-VP
cumulative JJ B-ADJP
, , O
Amdura NNP B-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
pay VB I-VP
all DT B-NP
omitted VBN I-NP
dividends NNS I-NP
, , O
which WDT B-NP
range VBP B-VP
from IN B-PP
$ $ B-NP
1.19 CD I-NP
to TO I-NP
$ $ I-NP
4.88 CD I-NP
a DT B-NP
share NN I-NP
, , O
when WRB B-ADVP
debt-reduction NN B-NP
requirements NNS I-NP
have VBP B-VP
been VBN I-VP
met VBN I-VP
. . O

Amdura NNP B-NP
's POS B-NP
bridge NN I-NP
loan NN I-NP
, , O
part NN B-NP
of IN B-PP
the DT B-NP
financing NN I-NP
for IN B-PP
Amdura NNP B-NP
's POS B-NP
acquisition NN I-NP
of IN B-PP
CoastAmerica NNP B-NP
in IN B-PP
December NNP B-NP
1988 CD I-NP
, , O
was VBD B-VP
to TO B-VP
come VB I-VP
due JJ B-ADJP
next JJ B-NP
Friday NNP I-NP
. . O

The DT B-NP
company NN I-NP
's POS B-NP
new JJ I-NP
management NN I-NP
, , O
which WDT B-NP
took VBD B-VP
control NN B-NP
of IN B-PP
Amdura NNP B-NP
's POS B-NP
board NN I-NP
after IN B-PP
a DT B-NP
consent NN I-NP
solicitation NN I-NP
last JJ B-NP
month NN I-NP
, , O
wanted VBD B-VP
to TO I-VP
extend VB I-VP
the DT B-NP
loan NN I-NP
while IN B-SBAR
it PRP B-NP
tries VBZ B-VP
to TO I-VP
sell VB I-VP
two CD B-NP
units NNS I-NP
. . O

Proceeds NNS B-NP
from IN B-PP
those DT B-NP
sales NNS I-NP
will MD B-VP
be VB I-VP
used VBN I-VP
to TO B-VP
reduce VB I-VP
debt NN B-NP
. . O

Amdura NNP B-NP
, , O
a DT B-NP
Denver NNP I-NP
hardware NN I-NP
and CC I-NP
automotive JJ I-NP
distributor NN I-NP
, , O
said VBD B-VP
the DT B-NP
new JJ I-NP
credit NN I-NP
agreement NN I-NP
will MD B-VP
provide VB I-VP
the DT B-NP
working VBG I-NP
capital NN I-NP
needed VBN B-VP
to TO B-VP
meet VB I-VP
ongoing JJ B-NP
requirements NNS I-NP
. . O

Three CD B-NP
savings-and-loan JJ I-NP
institutions NNS I-NP
in IN B-PP
Kansas NNP B-NP
and CC I-NP
Texas NNP I-NP
were VBD B-VP
added VBN I-VP
to TO B-PP
the DT B-NP
Resolution NNP I-NP
Trust NNP I-NP
Corp. NNP I-NP
's POS B-NP
conservatorship NN I-NP
program NN I-NP
after IN B-SBAR
federal JJ B-NP
regulators NNS I-NP
declared VBD B-VP
the DT B-NP
thrifts NNS I-NP
insolvent JJ B-ADJP
and CC O
named VBD B-VP
the DT B-NP
RTC NNP I-NP
their PRP$ B-NP
receiver NN I-NP
. . O

The DT B-NP
deposits NNS I-NP
, , I-NP
assets NNS I-NP
and CC I-NP
certain JJ I-NP
liabilities NNS I-NP
of IN B-PP
the DT B-NP
three CD I-NP
thrifts NNS I-NP
were VBD B-VP
transferred VBN I-VP
to TO B-PP
newly RB B-NP
chartered JJ I-NP
federal JJ I-NP
mutual JJ I-NP
institutions NNS I-NP
. . O

The DT B-NP
three CD I-NP
institutions NNS I-NP
are VBP B-VP
: : O
Mid NNP B-NP
Kansas NNP I-NP
Federal NNP I-NP
Savings NNP I-NP
& CC I-NP
Loan NNP I-NP
Association NNP I-NP
, , O
Wichita NNP B-NP
, , O
which WDT B-NP
had VBD B-VP
$ $ B-NP
830.5 CD I-NP
million CD I-NP
in IN B-PP
assets NNS B-NP
; : O
Valley NNP B-NP
Federal NNP I-NP
Savings NNP I-NP
& CC I-NP
Loan NNP I-NP
Association NNP I-NP
of IN B-PP
McAllen NNP B-NP
, , O
McAllen NNP B-NP
, , O
Texas NNP B-NP
, , O
with IN B-PP
$ $ B-NP
582.6 CD I-NP
million CD I-NP
in IN B-PP
assets NNS B-NP
; : O
and CC O
Surety NNP B-NP
Savings NNP I-NP
Association NNP I-NP
, , O
El NNP B-NP
Paso NNP I-NP
, , O
with IN B-PP
$ $ B-NP
309.3 CD I-NP
million CD I-NP
in IN B-PP
assets NNS B-NP
. . O

The DT B-NP
three CD I-NP
insolvent JJ I-NP
thrifts NNS I-NP
will MD B-VP
maintain VB I-VP
normal JJ B-NP
business NN I-NP
hours NNS I-NP
and CC I-NP
operations NNS I-NP
under IN B-PP
RTC-appointed JJ B-NP
managing NN I-NP
agents NNS I-NP
, , O
while IN B-SBAR
the DT B-NP
RTC NNP I-NP
tries VBZ B-VP
to TO I-VP
negotiate VB I-VP
permanent JJ B-NP
resolutions NNS I-NP
. . O

Separately RB B-ADVP
, , O
Century NNP B-NP
Bank NNP I-NP
, , O
Phoenix NNP B-NP
, , O
Ariz. NNP B-NP
, , O
was VBD B-VP
closed VBN I-VP
by IN B-PP
Arizona NNP B-NP
banking NN I-NP
officials NNS I-NP
. . O

The DT B-NP
Federal NNP I-NP
Deposit NNP I-NP
Insurance NNP I-NP
Corp. NNP I-NP
approved VBD B-VP
the DT B-NP
assumption NN I-NP
of IN B-PP
Century NNP B-NP
's POS B-NP
deposits NNS O
and CC O
fully RB B-ADJP
secured VBN I-ADJP
liabilities NNS B-NP
by IN B-PP
a DT B-NP
newly RB I-NP
chartered JJ I-NP
subsidiary NN I-NP
of IN B-PP
Valley NNP B-NP
Capital NNP I-NP
Corp. NNP I-NP
, , O
Las NNP B-NP
Vegas NNP I-NP
. . O

The DT B-NP
new JJ I-NP
institution NN I-NP
is VBZ B-VP
also RB I-VP
called VBN I-VP
Century NNP B-NP
Bank NNP I-NP
, , O
and CC O
the DT B-NP
failed VBN I-NP
bank NN I-NP
's POS B-NP
five CD I-NP
offices NNS I-NP
will MD B-VP
reopen VB I-VP
today NN B-NP
. . O

The DT B-NP
failed VBN I-NP
bank NN I-NP
had VBD B-VP
assets NNS B-NP
of IN B-PP
about RB B-NP
$ $ I-NP
129.6 CD I-NP
million CD I-NP
. . O

The DT B-NP
newly RB I-NP
chartered JJ I-NP
bank NN I-NP
will MD B-VP
assume VB I-VP
about RB B-NP
$ $ I-NP
125.7 CD I-NP
million CD I-NP
in IN B-PP
10,300 CD B-NP
deposit NN I-NP
accounts NNS I-NP
and CC O
pay VB B-VP
the DT B-NP
FDIC NNP I-NP
a DT B-NP
purchase NN I-NP
premium NN I-NP
of IN B-PP
$ $ B-NP
2.9 CD I-NP
million CD I-NP
. . O

It PRP B-NP
also RB B-ADVP
will MD B-VP
buy VB I-VP
about RB B-NP
$ $ I-NP
91.7 CD I-NP
million CD I-NP
of IN B-PP
assets NNS B-NP
, , O
and CC O
the DT B-NP
FDIC NNP I-NP
will MD B-VP
advance VB I-VP
$ $ B-NP
31.8 CD I-NP
million CD I-NP
to TO B-PP
the DT B-NP
assuming VBG I-NP
bank NN I-NP
. . O

Lonrho NNP B-NP
PLC NNP I-NP
of IN B-PP
Britain NNP B-NP
is VBZ B-VP
to TO B-VP
come VB I-VP
to TO B-PP
the DT B-NP
rescue NN I-NP
of IN B-PP
the DT B-NP
French JJ I-NP
distribution NN I-NP
group NN I-NP
Societe NNP I-NP
Commerciale NNP I-NP
de FW I-NP
l'Ouest NNP I-NP
Africaine NNP I-NP
in IN B-PP
an DT B-NP
operation NN I-NP
that WDT B-NP
has VBZ B-VP
been VBN I-VP
engineered VBN I-VP
with IN B-PP
the DT B-NP
Paribas NNP I-NP
financial JJ I-NP
group NN I-NP
, , O
Societe NNP B-NP
Commerciale NNP I-NP
's POS B-NP
main JJ I-NP
shareholder NN I-NP
. . O

The DT B-NP
announcement NN I-NP
came VBD B-VP
as IN B-SBAR
Societe NNP B-NP
Commerciale NNP I-NP
, , O
a DT B-NP
trading NN I-NP
company NN I-NP
with IN B-PP
activities NNS B-NP
in IN B-PP
more JJR B-NP
than IN I-NP
40 CD I-NP
countries NNS I-NP
, , O
reported VBD B-VP
a DT B-NP
loss NN I-NP
of IN B-PP
320.5 CD B-NP
million CD I-NP
francs NNS I-NP
-LRB- ( O
$ $ B-NP
51 CD I-NP
million CD I-NP
-RRB- ) O
for IN B-PP
the DT B-NP
first JJ I-NP
six CD I-NP
months NNS I-NP
of IN B-PP
this DT B-NP
year NN I-NP
, , O
partly RB B-PP
because IN I-PP
of IN I-PP
provisions NNS B-NP
on IN B-PP
future NN B-NP
losses NNS I-NP
. . O

The DT B-NP
rescue NN I-NP
operation NN I-NP
will MD B-VP
consist VB I-VP
of IN B-PP
a DT B-NP
capital NN I-NP
boost NN I-NP
for IN B-PP
Societe NNP B-NP
Commerciale NNP I-NP
of IN B-PP
one CD B-NP
billion CD I-NP
francs NNS I-NP
through IN B-PP
issues NNS B-NP
of IN B-PP
new JJ B-NP
shares NNS I-NP
and CC O
convertible JJ B-NP
bonds NNS I-NP
. . O

Cie NNP B-NP
. . I-NP
Financiere NNP I-NP
de FW I-NP
Paribas NNP I-NP
said VBD B-VP
it PRP B-NP
intends VBZ B-VP
to TO I-VP
transfer VB I-VP
its PRP$ B-NP
30 CD I-NP
% NN I-NP
shareholding NN I-NP
in IN B-PP
Societe NNP B-NP
Commerciale NNP I-NP
to TO B-PP
a DT B-NP
new JJ I-NP
company NN I-NP
which WDT B-NP
will MD B-VP
be VB I-VP
jointly RB I-VP
owned VBN I-VP
with IN B-PP
Lonrho NNP B-NP
. . O

This DT B-NP
will MD B-VP
give VB I-VP
Paribas NNP B-NP
and CC I-NP
Lonrho NNP I-NP
joint JJ B-NP
control NN I-NP
of IN B-PP
Societe NNP B-NP
Commerciale NNP I-NP
. . O

Paribas NNP B-NP
said VBD B-VP
Lonrho NNP B-NP
will MD B-VP
participate VB I-VP
in IN B-PP
the DT B-NP
forthcoming JJ I-NP
capital NN I-NP
boost NN I-NP
for IN B-PP
Societe NNP B-NP
Commerciale NNP I-NP
. . O

International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
and CC O
MCA NNP B-NP
Inc. NNP I-NP
said VBD B-VP
they PRP B-NP
agreed VBD B-VP
to TO I-VP
sell VB I-VP
their PRP$ B-NP
Discovision NNP I-NP
Associates NNPS I-NP
joint JJ I-NP
venture NN I-NP
to TO B-PP
U.S. NNP B-NP
units NNS I-NP
of IN B-PP
Pioneer NNP B-NP
Electronic NNP I-NP
Corp. NNP I-NP
for IN B-PP
$ $ B-NP
200 CD I-NP
million CD I-NP
. . O

The DT B-NP
joint JJ I-NP
venture NN I-NP
licenses VBZ B-VP
a DT B-NP
portfolio NN I-NP
of IN B-PP
about IN B-NP
1,400 CD I-NP
patents NNS I-NP
and CC I-NP
patent NN I-NP
applications NNS I-NP
relating VBG B-VP
to TO B-PP
optical-disk JJ B-NP
recording NN I-NP
technology NN I-NP
. . O

IBM NNP B-NP
and CC I-NP
MCA NNP I-NP
formed VBD B-VP
Discovision NNP B-NP
in IN B-PP
1979 CD B-NP
to TO B-VP
make VB I-VP
laser-read JJ B-NP
optical JJ I-NP
products NNS I-NP
. . O

But CC O
the DT B-NP
partners NNS I-NP
did VBD B-VP
n't RB I-VP
believe VB I-VP
the DT B-NP
market NN I-NP
for IN B-PP
the DT B-NP
systems NNS I-NP
was VBD B-VP
developing VBG I-VP
as RB B-ADVP
rapidly RB I-ADVP
as IN B-SBAR
they PRP B-NP
had VBD B-VP
hoped VBN I-VP
. . O

After IN B-PP
reportedly RB B-ADVP
investing VBG B-VP
$ $ B-NP
100 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
business NN I-NP
, , O
Discovision NNP B-NP
ceased VBD B-VP
manufacturing NN B-NP
operations NNS I-NP
in IN B-PP
1982 CD B-NP
and CC O
sold VBN B-VP
many NN B-NP
of IN B-PP
its PRP$ B-NP
assets NNS I-NP
to TO B-PP
Tokyo-based NNP B-NP
Pioneer NNP I-NP
, , O
among IN B-PP
others NNS B-NP
. . O

Discovision NNP B-NP
now RB B-ADVP
has VBZ B-VP
world-wide JJ B-NP
license NN I-NP
agreements NNS I-NP
with IN B-PP
major JJ B-NP
manufacturers NNS I-NP
covering VBG B-VP
CD NNP B-NP
audio JJ I-NP
disks NNS I-NP
, , O
audio JJ B-NP
disk NN I-NP
players NNS I-NP
, , O
videodisks NNS B-NP
and CC O
videodisk NN B-NP
players NNS I-NP
. . O

It PRP B-NP
also RB B-ADVP
licenses VBZ B-VP
optically RB B-NP
based VBN I-NP
data NNS I-NP
storage NN I-NP
and CC I-NP
retrieval NN I-NP
devices NNS I-NP
. . O

James NNP B-NP
N. NNP I-NP
Fiedler NNP I-NP
, , O
president NN B-NP
of IN B-PP
Discovision NNP B-NP
and CC O
a DT B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
MCA NNP B-NP
, , O
said VBD B-VP
that IN B-SBAR
IBM NNP B-NP
and CC I-NP
MCA NNP I-NP
had VBD B-VP
n't RB I-VP
planned VBN I-VP
to TO I-VP
sell VB I-VP
the DT B-NP
joint JJ I-NP
venture NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
now RB B-ADVP
profitable JJ B-ADJP
, , O
but CC O
that IN B-SBAR
Pioneer NNP B-NP
approached VBD B-VP
Discovision NNP B-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
. . O

He PRP B-NP
said VBD B-VP
it PRP B-NP
is VBZ B-VP
n't RB O
certain JJ B-ADJP
whether IN B-SBAR
Discovision NNP B-NP
's POS B-NP
current JJ I-NP
management NN I-NP
will MD B-VP
remain VB I-VP
when WRB B-ADVP
Pioneer NNP B-NP
buys VBZ B-VP
the DT B-NP
company NN I-NP
. . O

The DT B-NP
agreement NN I-NP
is VBZ B-VP
contingent JJ B-ADJP
on IN B-PP
certain JJ B-NP
government NN I-NP
approvals NNS I-NP
and CC O
should MD B-VP
be VB I-VP
completed VBN I-VP
later RB B-NP
this DT I-NP
year NN I-NP
. . O

Tokyo NNP B-NP
stocks NNS I-NP
closed VBD B-VP
higher JJR B-ADVP
in IN B-PP
moderately RB B-NP
active JJ I-NP
but CC I-NP
directionless JJ I-NP
trading NN I-NP
as IN B-SBAR
the DT B-NP
recent JJ I-NP
anxiety NN I-NP
in IN B-PP
world NN B-NP
stock NN I-NP
markets NNS I-NP
continued VBD B-VP
to TO I-VP
fade VB I-VP
. . O

London JJ B-NP
shares NNS I-NP
also RB B-ADVP
closed VBD B-VP
firmer JJR B-ADJP
in IN B-PP
thin JJ B-NP
trading NN I-NP
driven VBN B-VP
largely RB B-ADVP
by IN B-PP
technical JJ B-NP
factors NNS I-NP
and CC O
support NN B-NP
from IN B-PP
a DT B-NP
new JJ I-NP
Wall NNP I-NP
Street NNP I-NP
rally NN I-NP
. . O

Prices NNS B-NP
also RB B-ADVP
rose VBD B-VP
on IN B-PP
almost RB B-NP
every DT I-NP
other JJ I-NP
major JJ I-NP
exchange NN I-NP
in IN B-PP
Europe NNP B-NP
, , O
Asia NNP B-NP
and CC O
the DT B-NP
Pacific NNP I-NP
. . O

Tokyo NNP B-NP
's POS B-NP
Nikkei NNP I-NP
index NN I-NP
of IN B-PP
225 CD B-NP
issues NNS I-NP
, , O
which WDT B-NP
gained VBD B-VP
111.48 CD B-NP
points NNS I-NP
Wednesday NNP B-NP
, , O
climbed VBD B-VP
266.66 CD B-NP
, , O
or CC O
0.76 CD B-NP
% NN I-NP
, , O
to TO B-PP
35374.22 CD B-NP
. . O

Volume NN B-NP
on IN B-PP
the DT B-NP
first JJ I-NP
section NN I-NP
was VBD B-VP
estimated VBN I-VP
at IN B-PP
800 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
compared VBN B-PP
with IN B-PP
841 CD B-NP
million CD I-NP
Wednesday NNP B-NP
. . O

Winners NNS B-NP
outnumbered VBD B-VP
losers NNS B-NP
645-293 CD B-ADVP
, , O
with IN B-SBAR
186 CD B-NP
issues NNS I-NP
unchanged JJ B-ADJP
. . O

In IN B-PP
early JJ B-NP
trading NN I-NP
in IN B-PP
Tokyo NNP B-NP
Friday NNP B-NP
, , O
the DT B-NP
Nikkei NNP I-NP
index NN I-NP
rose VBD B-VP
170.65 CD B-NP
points NNS I-NP
, , O
to TO B-PP
35544.87 CD B-NP
. . O

On IN B-PP
Thursday NNP B-NP
, , O
the DT B-NP
Tokyo NNP I-NP
Stock NNP I-NP
Price NNP I-NP
Index NNP I-NP
of IN B-PP
all DT B-NP
issues NNS I-NP
listed VBN B-VP
in IN B-PP
the DT B-NP
first JJ I-NP
section NN I-NP
, , O
which WDT B-NP
gained VBD B-VP
0.24 CD B-NP
point NN I-NP
Wednesday NNP B-NP
, , O
was VBD B-VP
up IN B-ADVP
22.78 CD B-NP
, , O
or CC O
0.86 CD B-NP
% NN I-NP
, , O
at IN B-PP
2665.66 CD B-NP
. . O

The DT B-NP
morning NN I-NP
session NN I-NP
was VBD B-VP
dominated VBN I-VP
by IN B-PP
individuals NNS B-NP
and CC I-NP
dealers NNS I-NP
, , O
but CC O
some DT B-NP
institutions NNS I-NP
participated VBD B-VP
in IN B-PP
the DT B-NP
afternoon NN I-NP
, , O
encouraged VBN B-VP
by IN B-PP
the DT B-NP
market NN I-NP
's POS B-NP
firmness NN I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

Sentiment NN B-NP
was VBD B-VP
helped VBN I-VP
by IN B-PP
the DT B-NP
small JJ I-NP
gain NN I-NP
made VBN B-VP
by IN B-PP
New NNP B-NP
York NNP I-NP
stocks NNS I-NP
Wednesday NNP B-NP
despite IN B-PP
anxiety NN B-NP
over IN B-PP
possible JJ B-NP
effects NNS I-NP
of IN B-PP
the DT B-NP
major JJ I-NP
earthquake NN I-NP
that WDT B-NP
struck VBD B-VP
northern JJ B-NP
California NNP I-NP
Tuesday NNP B-NP
. . O

Having VBG B-VP
survived VBN I-VP
both DT B-NP
last JJ B-NP
Friday NNP I-NP
's POS B-NP
6.9 CD B-ADJP
% NN I-ADJP
Wall NNP B-NP
Street NNP I-NP
plunge NN I-NP
and CC O
the DT B-NP
immediate JJ I-NP
aftermath NN I-NP
of IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
area NN I-NP
earthquake NN I-NP
, , O
Tokyo NNP B-NP
market NN I-NP
participants NNS I-NP
expressed VBD B-VP
relief NN B-NP
that DT B-SBAR
trading NN B-NP
had VBD B-VP
returned VBN I-VP
to TO B-PP
normal JJ B-NP
. . O

Hiroyuki NNP B-NP
Murai NNP I-NP
, , O
general JJ B-NP
manager NN I-NP
of IN B-PP
the DT B-NP
stock NN I-NP
trading NN I-NP
division NN I-NP
at IN B-PP
Nikko NNP B-NP
Securities NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
after IN B-PP
looking VBG B-VP
at IN B-PP
the DT B-NP
reasons NNS I-NP
for IN B-PP
Friday NNP B-NP
's POS B-NP
Wall NNP I-NP
Street NNP I-NP
plunge NN I-NP
, , O
participants NNS B-NP
realized VBD B-VP
that IN B-SBAR
the DT B-NP
Tokyo NNP I-NP
and CC I-NP
New NNP I-NP
York NNP I-NP
markets NNS I-NP
have VBP B-VP
different JJ B-NP
economic JJ I-NP
fundamentals NNS I-NP
. . O

This DT B-NP
conclusion NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
restored VBD B-VP
the DT B-NP
credibility NN I-NP
of IN B-PP
Tokyo NNP B-NP
stocks NNS I-NP
. . O

Yoshiaki NNP B-NP
Mitsuoka NNP I-NP
, , O
head NN B-NP
of IN B-PP
the DT B-NP
investment NN I-NP
information NN I-NP
department NN I-NP
at IN B-PP
Daiwa NNP B-NP
Investment NNP I-NP
Trust NNP I-NP
& CC I-NP
Management NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
if IN B-SBAR
New NNP B-NP
York NNP I-NP
stocks NNS I-NP
just RB B-ADVP
fluctuate VBP B-VP
in IN B-PP
or CC I-PP
near IN I-PP
their PRP$ B-NP
current JJ I-NP
range NN I-NP
, , O
the DT B-NP
Tokyo NNP I-NP
market NN I-NP
will MD B-VP
remain VB I-VP
firm NN B-ADJP
with IN B-PP
a DT B-NP
moderately RB I-NP
upward JJ I-NP
trend NN I-NP
for IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
. . O

But CC O
traders NNS B-NP
said VBD B-VP
the DT B-NP
market NN I-NP
lacks VBZ B-VP
a DT B-NP
base NN I-NP
on IN B-PP
which WDT B-NP
to TO B-VP
set VB I-VP
long-term JJ B-NP
buying NN I-NP
strategy NN I-NP
, , O
as IN B-SBAR
the DT B-NP
future NN I-NP
direction NN I-NP
of IN B-PP
U.S. NNP B-NP
interest NN I-NP
rates NNS I-NP
remains VBZ B-VP
unclear JJ B-ADJP
. . O

`` `` O
Investor NNP B-NP
interest NN I-NP
switches NNS B-VP
back RB B-ADVP
and CC I-ADVP
forth RB I-ADVP
ceaselessly RB B-ADVP
as IN B-SBAR
they PRP B-NP
are VBP B-VP
unable JJ B-ADJP
to TO B-VP
shift VB I-VP
their PRP$ B-NP
weight NN I-NP
to TO B-PP
one CD B-NP
side NN I-NP
for IN B-PP
sure JJ B-ADVP
, , O
'' '' O
Mr. NNP B-NP
Mitsuoka NNP I-NP
of IN B-PP
Daiwa NNP B-NP
Investment NNP I-NP
Trust NNP I-NP
said VBD B-VP
. . O

Many JJ B-NP
of IN B-PP
Wednesday NNP B-NP
's POS B-NP
winners NNS I-NP
were VBD B-VP
losers NNS B-NP
yesterday NN B-NP
as IN B-SBAR
investors NNS B-NP
quickly RB B-VP
took VBD I-VP
profits NNS B-NP
and CC O
rotated VBN B-VP
their PRP$ B-NP
buying NN I-NP
to TO B-PP
other JJ B-NP
issues NNS I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

Pharmaceuticals NNP B-NP
made VBD B-VP
across-the-board JJ B-NP
advances NNS I-NP
. . O

Fujisawa NNP B-NP
Pharmaceutical NNP I-NP
gained VBD B-VP
130 CD B-NP
to TO B-PP
1,930 CD B-NP
yen NN I-NP
-LRB- ( O
$ $ B-NP
13.64 CD I-NP
-RRB- ) O
a DT B-NP
share NN I-NP
, , O
Mochida NNP B-NP
Pharmaceutical NNP I-NP
was VBD B-VP
up IN B-ADVP
150 CD B-NP
at IN B-PP
4,170 CD B-NP
, , O
and CC O
Eisai NNP B-NP
advanced VBD B-VP
60 CD B-NP
to TO B-PP
2,360 CD B-NP
. . O

Housing NN B-NP
issues NNS I-NP
were VBD B-VP
boosted VBN I-VP
by IN B-PP
a DT B-NP
report NN I-NP
that IN B-SBAR
Daiwa NNP B-NP
House NNP I-NP
expects VBZ B-VP
to TO I-VP
post VB I-VP
43 CD B-ADVP
% NN I-ADVP
higher JJR B-NP
earnings NNS I-NP
for IN B-PP
its PRP$ B-NP
latest JJS I-NP
fiscal JJ I-NP
year NN I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

Daiwa NNP B-NP
House NNP I-NP
advanced VBD B-VP
100 CD B-NP
to TO B-PP
2,610 CD B-NP
, , O
Misawa NNP B-NP
Homes NNP I-NP
was VBD B-VP
up IN B-ADVP
60 CD B-NP
at IN B-PP
2,940 CD B-NP
, , O
and CC O
Sekisui NNP B-NP
House NNP I-NP
gained VBD B-VP
100 CD B-NP
to TO B-PP
2,490 CD B-NP
. . O

Leading VBG B-NP
construction NN I-NP
companies NNS I-NP
also RB B-ADVP
attracted VBN B-VP
interest NN B-NP
for IN B-PP
their PRP$ B-NP
strong JJ I-NP
earnings NNS I-NP
outlooks NNS I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

They PRP B-NP
and CC O
many JJ B-NP
other JJ I-NP
major JJ I-NP
Japanese JJ I-NP
corporations NNS I-NP
will MD B-VP
issue VB I-VP
results NNS B-NP
soon RB B-ADVP
for IN B-PP
the DT B-NP
fiscal JJ I-NP
first JJ I-NP
half NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
. . O

Ohbayashi NNP B-NP
was VBD B-VP
up IN B-ADVP
60 CD B-NP
to TO B-VP
close VB I-VP
at IN B-PP
1,680 CD B-NP
, , O
Shimizu NNP B-NP
gained VBD B-VP
50 CD B-NP
to TO B-PP
2,120 CD B-NP
, , O
and CC O
Kumagai-Gumi NNP B-NP
advanced VBD B-VP
40 CD B-NP
to TO B-PP
1,490 CD B-NP
. . O

Other JJ B-NP
winners NNS I-NP
included VBD B-VP
real JJ B-NP
estate NN I-NP
issues NNS I-NP
Mitsubishi NNP B-NP
Estate NNP I-NP
, , O
which WDT B-NP
closed VBD B-VP
at IN B-PP
2,500 CD B-NP
, , O
up IN B-ADVP
130 CD B-NP
, , O
and CC O
Mitsui NNP B-NP
Real NNP I-NP
Estate NNP I-NP
Development NNP I-NP
, , O
which WDT B-NP
gained VBD B-VP
100 CD B-NP
to TO B-PP
2,890 CD B-NP
. . O

Steel NN B-NP
shares NNS I-NP
fell VBD B-VP
back RB B-ADVP
after IN B-PP
advancing VBG B-VP
for IN B-PP
three CD B-NP
days NNS I-NP
. . O

Kawasaki NNP B-NP
Steel NNP I-NP
was VBD B-VP
down RB B-ADVP
11 CD B-NP
at IN B-PP
788 CD B-NP
, , O
Kobe NNP B-NP
Steel NNP I-NP
lost VBD B-VP
5 NN B-NP
to TO B-PP
723 CD B-NP
, , O
and CC O
Nippon NNP B-NP
Steel NNP I-NP
slipped VBD B-VP
6 CD B-NP
to TO B-PP
729 CD B-NP
. . O

Mitsubishi NNP B-NP
Rayon NNP I-NP
, , O
a DT B-NP
leading VBG I-NP
advancer NN I-NP
Wednesday NNP B-NP
, , O
fell VBD B-VP
44 CD B-NP
to TO B-PP
861 CD B-NP
as IN B-SBAR
investors NNS B-NP
grabbed VBD B-VP
profits NNS B-NP
. . O

London NNP B-NP
's POS B-NP
Financial NNP I-NP
Times-Stock NNP I-NP
Exchange NNP I-NP
100-share JJ I-NP
index NN I-NP
finished VBD B-VP
19.2 CD B-NP
points NNS I-NP
higher JJR B-ADJP
at IN B-PP
2189.3 CD B-NP
. . O

The DT B-NP
Financial NNP I-NP
Times NNP I-NP
30-share JJ I-NP
index NN I-NP
ended VBD B-VP
13.6 CD B-NP
higher JJR B-ADVP
at IN B-PP
1772.1 CD B-NP
. . O

Volume NN B-NP
continued VBD B-VP
to TO I-VP
ease VB I-VP
from IN B-PP
the DT B-NP
active JJ I-NP
dealings NNS I-NP
at IN B-PP
the DT B-NP
start NN I-NP
of IN B-PP
the DT B-NP
week NN I-NP
. . O

Turnover NN B-NP
was VBD B-VP
382.9 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
compared VBN B-PP
with IN B-PP
449.3 CD B-NP
million CD I-NP
Wednesday NNP B-NP
. . O

Dealers NNS B-NP
said VBD B-VP
the DT B-NP
market NN I-NP
was VBD B-VP
underpinned VBN I-VP
by IN B-PP
a DT B-NP
squeeze NN I-NP
in IN B-PP
FT-SE NNP B-NP
100 CD I-NP
stocks NNS I-NP
, , O
particularly RB B-PP
among IN I-PP
market-makers NNS B-NP
seeking VBG B-VP
shares NNS B-NP
that WDT B-NP
had VBD B-VP
been VBN I-VP
hit VBN I-VP
hard JJ B-ADVP
in IN B-PP
recent JJ B-NP
weeks NNS I-NP
, , O
such JJ B-PP
as IN I-PP
retailers NNS B-NP
and CC O
building-related JJ B-NP
concerns NNS I-NP
. . O

But CC O
despite IN B-PP
the DT B-NP
flurry NN I-NP
of IN B-PP
interest NN B-NP
in IN B-PP
those DT B-NP
shares NNS I-NP
, , O
dealers NNS B-NP
said VBD B-VP
, , O
the DT B-NP
market NN I-NP
remains VBZ B-VP
nervous JJ B-ADJP
about IN B-PP
Wall NNP B-NP
Street NNP I-NP
's POS B-NP
volatility NN I-NP
and CC O
high JJ B-NP
U.K. NNP I-NP
interest NN I-NP
rates NNS I-NP
. . O

U.K. JJ B-NP
money NN I-NP
supply NN I-NP
figures NNS I-NP
for IN B-PP
September NNP B-NP
, , O
released VBN B-VP
yesterday NN B-NP
, , O
showed VBD B-VP
continued VBN B-NP
growth NN I-NP
in IN B-PP
corporate JJ B-NP
and CC I-NP
personal JJ I-NP
lending NN I-NP
, , O
which WDT B-NP
will MD B-VP
keep VB I-VP
pressure NN B-NP
on IN B-PP
the DT B-NP
government NN I-NP
to TO B-VP
maintain VB I-VP
tight JJ B-NP
credit NN I-NP
. . O

Among IN B-PP
the DT B-NP
stocks NNS I-NP
featured VBN B-VP
in IN B-PP
the DT B-NP
market-makers NNS I-NP
' POS B-NP
squeeze NN I-NP
was VBD B-VP
Sears NNP B-NP
, , O
which WDT B-NP
closed VBD B-VP
at IN B-PP
107 CD B-NP
pence NN I-NP
-LRB- ( O
$ $ B-NP
1.70 CD I-NP
-RRB- ) O
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
3 CD B-NP
. . O

General NNP B-NP
Universal NNP I-NP
Stores NNPS I-NP
, , O
another DT B-NP
top-tier JJ I-NP
stock NN I-NP
hit VBD B-VP
recently RB B-ADVP
by IN B-PP
concerns NNS B-NP
over IN B-PP
retail JJ B-NP
demand NN I-NP
in IN B-PP
the DT B-NP
face NN I-NP
of IN B-PP
high JJ B-NP
interest NN I-NP
rates NNS I-NP
, , O
gained VBD B-VP
20 CD B-NP
to TO B-PP
# # B-NP
10.44 CD I-NP
. . O

Storehouse NNP B-NP
gained VBD B-VP
2 CD B-NP
to TO B-PP

Another DT B-NP
active JJ I-NP
FT-SE NNP I-NP
100 CD I-NP
stock NN I-NP
was VBD B-VP
clothing NN B-NP
and CC I-NP
furniture NN I-NP
retailer NN I-NP
Burton NNP I-NP
, , O
which WDT B-NP
gained VBD B-VP
6 CD B-NP
to TO B-PP
196 CD B-NP
. . O

Insurers NNS B-NP
recovered VBD B-VP
ground NN B-NP
again RB B-ADVP
on IN B-PP
market-maker NN B-NP
demand NN I-NP
and CC O
speculative JJ B-NP
buying NN I-NP
linked VBN B-VP
to TO B-PP
talk VB B-NP
of IN B-PP
mergers NNS B-NP
in IN B-PP
the DT B-NP
industry NN I-NP
before IN B-PP
the DT B-NP
European NNP I-NP
Community NNP I-NP
's POS B-NP
planned VBN I-NP
market NN I-NP
unification NN I-NP
in IN B-PP

Royal NNP B-NP
Insurance NNP I-NP
was VBD B-VP
the DT B-NP
sector NN I-NP
's POS B-NP
hottest JJS I-NP
issue NN I-NP
, , O
ending VBG B-VP
15 CD B-NP
higher JJR B-ADJP
at IN B-PP
465 CD B-NP
. . O

Sun NNP B-NP
Alliance NNP I-NP
fell VBD B-VP
1 CD B-NP
to TO B-VP
close VB I-VP
at IN B-PP
289 CD B-NP
, , O
and CC O
General NNP B-NP
Accident NNP I-NP
jumped VBD B-VP
10 CD B-NP
to TO B-PP
# # B-NP
10.13 CD I-NP
. . O

B.A.T NNP B-NP
Industries NNPS I-NP
surged VBD B-VP
in IN B-PP
afternoon NN B-NP
dealings NNS I-NP
after IN B-SBAR
its PRP$ B-NP
shareholders NNS I-NP
approved VBD B-VP
a DT B-NP
plan NN I-NP
to TO B-VP
dispose VB I-VP
of IN B-PP
its PRP$ B-NP
U.S. NNP I-NP
and CC I-NP
U.K. NNP I-NP
retailing NN I-NP
operations NNS I-NP
to TO B-VP
fend VB I-VP
off IN B-PRT
Hoylake NNP B-NP
Investment NNP I-NP
's POS B-NP
# # B-ADJP
13.4 CD O
billion CD O
-LRB- ( O
$ $ B-ADJP
21.33 CD O
billion CD O
-RRB- ) O
hostile JJ B-NP
bid NN I-NP
. . O

With IN B-PP
the DT B-NP
company NN I-NP
also RB B-ADVP
exercising VBG B-VP
a DT B-NP
plan NN I-NP
to TO B-VP
buy VB I-VP
back RB B-ADVP
as RB B-NP
many JJ I-NP
as IN I-NP
10 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
shares NNS I-NP
outstanding JJ B-ADJP
, , O
B.A.T NNP B-NP
closed VBD B-VP
at IN B-PP
783 CD B-NP
, , O
up IN B-ADVP
27 CD B-NP
. . O

Turnover NN B-NP
was VBD B-VP
6.8 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
including VBG B-PP
about IN B-NP
four CD I-NP
million CD I-NP
shares NNS I-NP
traded VBN B-VP
in IN B-PP
the DT B-NP
afternoon NN I-NP
after IN B-PP
the DT B-NP
shareholders NNS I-NP
' POS B-NP
meeting NN I-NP
. . O

B.A.T NNP B-NP
said VBD B-VP
it PRP B-NP
purchased VBD B-VP
2.5 CD B-NP
million CD I-NP
shares NNS I-NP
at IN B-PP
785 CD B-NP
. . O

In IN B-PP
other JJ B-NP
European JJ I-NP
markets NNS I-NP
, , O
shares NNS B-NP
closed VBD B-VP
sharply RB B-ADJP
higher JJR I-ADJP
in IN B-PP
Stockholm NNP B-NP
, , I-NP
Frankfurt NNP I-NP
, , I-NP
Zurich NNP I-NP
and CC I-NP
Paris NNP I-NP
and CC O
higher JJR B-ADJP
in IN B-PP
Milan NNP B-NP
, , I-NP
Amsterdam NNP I-NP
and CC I-NP
Brussels NNP I-NP
. . O

South JJ B-NP
African JJ I-NP
gold NN I-NP
stocks NNS I-NP
closed VBD B-VP
firmer JJR B-ADJP
. . O

Prices NNS B-NP
also RB B-ADVP
closed VBD B-VP
higher JJR B-ADJP
in IN B-PP
Singapore NNP B-NP
, , O
Sydney NNP B-NP
, , O
Taipei NNP B-NP
, , O
Wellington NNP B-NP
, , O
Hong NNP B-NP
Kong NNP I-NP
and CC O
Manila NNP B-NP
but CC O
were VBD B-VP
lower JJR B-ADJP
in IN B-PP
Seoul NNP B-NP
. . O

Here RB B-ADVP
are VBP B-VP
price NN B-NP
trends NNS I-NP
on IN B-PP
the DT B-NP
world NN I-NP
's POS B-NP
major JJ I-NP
stock NN I-NP
markets NNS I-NP
, , O
as IN B-SBAR
calculated VBN B-VP
by IN B-PP
Morgan NNP B-NP
Stanley NNP I-NP
Capital NNP I-NP
International NNP I-NP
Perspective NNP I-NP
, , O
Geneva NNP B-NP
. . O

To TO B-VP
make VB I-VP
them PRP B-NP
directly RB B-ADJP
comparable JJ I-ADJP
, , O
each DT B-NP
index NN I-NP
is VBZ B-VP
based VBN I-VP
on IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
1969 CD B-NP
equaling VBG B-VP
100 CD B-NP
. . O

The DT B-NP
percentage NN I-NP
change NN I-NP
is VBZ B-VP
since IN B-PP
year-end NN B-NP
. . O

The DT B-NP
federal JJ I-NP
response NN I-NP
to TO B-PP
California NNP B-NP
's POS B-NP
earthquake NN I-NP
crisis NN I-NP
was VBD B-VP
marred VBN I-VP
by IN B-PP
coast-to-coast JJ B-NP
name-calling NN I-NP
between IN B-PP
the DT B-NP
White NNP I-NP
House NNP I-NP
and CC O
San NNP B-NP
Francisco NNP I-NP
's POS B-NP
Mayor NNP I-NP
Art NNP I-NP
Agnos NNP I-NP
. . O

Mr. NNP B-NP
Agnos NNP I-NP
complained VBD B-VP
that IN B-SBAR
he PRP B-NP
was VBD B-VP
`` `` I-VP
ticked VBD I-VP
off IN B-PRT
'' '' O
that IN B-SBAR
Vice NNP B-NP
President NNP I-NP
Dan NNP I-NP
Quayle NNP I-NP
, , O
who WP B-NP
toured VBD B-VP
the DT B-NP
earthquake NN I-NP
site NN I-NP
Wednesday NNP B-NP
, , O
did VBD B-VP
n't RB I-VP
schedule VB I-VP
a DT B-NP
private JJ I-NP
meeting NN I-NP
with IN B-PP
him PRP B-NP
. . O

The DT B-NP
mayor NN I-NP
said VBD B-VP
the DT B-NP
Quayle NNP I-NP
visit NN I-NP
was VBD B-VP
`` `` O
a DT B-NP
publicity NN I-NP
stunt NN I-NP
. . O
'' '' O

The DT B-NP
White NNP I-NP
House NNP I-NP
said VBD B-VP
Mr. NNP B-NP
Quayle NNP I-NP
's POS B-NP
staff NN I-NP
had VBD B-VP
invited VBN I-VP
the DT B-NP
mayor NN I-NP
to TO B-PP
two CD B-NP
meetings NNS I-NP
of IN B-PP
the DT B-NP
vice NN I-NP
president NN I-NP
and CC O
groups NNS B-NP
of IN B-PP
local JJ B-NP
officials NNS I-NP
and CC O
had VBD B-VP
offered VBN I-VP
to TO I-VP
dispatch VB I-VP
a DT B-NP
helicopter NN I-NP
to TO B-VP
pick VB I-VP
him PRP B-NP
up RB B-PRT
. . O

Mr. NNP B-NP
Agnos NNP I-NP
declined VBD B-VP
the DT B-NP
invitations NNS I-NP
, , O
the DT B-NP
White NNP I-NP
House NNP I-NP
said VBD B-VP
. . O

Marlin NNP B-NP
Fitzwater NNP I-NP
, , O
White NNP B-NP
House NNP I-NP
press NN I-NP
secretary NN I-NP
, , O
also RB B-ADVP
asserted VBD B-VP
that IN B-SBAR
Mr. NNP B-NP
Agnos NNP I-NP
had VBD B-VP
failed VBN I-VP
to TO I-VP
return VB I-VP
telephone NN B-NP
calls VBZ I-NP
from IN B-PP
John NNP B-NP
Sununu NNP I-NP
, , O
White NNP B-NP
House NNP I-NP
chief NN I-NP
of IN B-PP
staff NN B-NP
. . O

`` `` O
We PRP B-NP
regret VBP B-VP
very RB B-ADVP
much RB I-ADVP
that IN B-SBAR
the DT B-NP
mayor NN I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
has VBZ B-VP
decided VBN I-VP
not RB O
to TO B-VP
cooperate VB I-VP
with IN B-PP
us PRP B-NP
on IN B-PP
this DT B-NP
matter NN I-NP
in IN B-PP
making VBG B-VP
sure JJ B-ADJP
that IN B-SBAR
there EX B-NP
is VBZ B-VP
adequate JJ B-NP
federal JJ I-NP
support NN I-NP
for IN B-PP
the DT B-NP
disaster NN I-NP
in IN B-PP
his PRP$ B-NP
city NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Fitzwater NNP I-NP
said VBD B-VP
. . O

By IN B-PP
late JJ B-NP
yesterday NN I-NP
, , O
both DT B-NP
sides NNS I-NP
appeared VBD B-VP
prepared VBN I-VP
to TO I-VP
bury VB I-VP
the DT B-NP
hatchet NN I-NP
. . O

The DT B-NP
White NNP I-NP
House NNP I-NP
announced VBD B-VP
that IN B-SBAR
Mr. NNP B-NP
Agnos NNP I-NP
, , O
along IN B-PP
with IN B-PP
the DT B-NP
mayors NNS I-NP
of IN B-PP
Oakland NNP B-NP
and CC I-NP
Alameda NNP I-NP
, , O
are VBP B-VP
to TO I-VP
accompany VB I-VP
President NNP B-NP
Bush NNP I-NP
on IN B-PP
a DT B-NP
tour NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
area NN I-NP
today NN B-NP
. . O

And CC O
one CD B-NP
White NNP I-NP
House NNP I-NP
official NN I-NP
reported VBD B-VP
that IN B-SBAR
Mr. NNP B-NP
Agnos NNP I-NP
had VBD B-VP
been VBN I-VP
`` `` O
very RB B-ADJP
helpful JJ I-ADJP
'' '' O
in IN B-PP
making VBG B-VP
arrangements NNS B-NP
for IN B-PP
Mr. NNP B-NP
Bush NNP I-NP
's POS B-NP
hastily RB B-ADJP
scheduled VBN I-ADJP
trip NN B-NP
to TO B-PP
California NNP B-NP
. . O

Gold NNP B-NP
and CC I-NP
silver NN I-NP
broker NN I-NP
Preston NNP I-NP
Semel NNP I-NP
asked VBD B-VP
a DT B-NP
federal JJ I-NP
court NN I-NP
to TO B-VP
halt VB I-VP
the DT B-NP
Commodity NNP I-NP
Exchange NNP I-NP
from IN B-PP
imposing VBG B-VP
a DT B-NP
record NN I-NP
$ $ I-NP
550,000 CD I-NP
fine JJ I-NP
on IN B-PP
his PRP$ B-NP
firm NN I-NP
. . O

The DT B-NP
suit NN I-NP
, , O
filed VBN B-VP
in IN B-PP
federal JJ B-NP
court NN I-NP
in IN B-PP
Manhattan NNP B-NP
, , O
also RB B-ADVP
asks VBZ B-VP
that IN B-SBAR
the DT B-NP
Comex NNP I-NP
's POS B-NP
nine-month JJ I-NP
suspension NN I-NP
of IN B-PP
Mr. NNP B-NP
Semel NNP I-NP
be VB B-VP
lifted VBN I-VP
, , O
pending VBG B-PP
the DT B-NP
broker NN I-NP
's POS B-NP
appeal NN I-NP
of IN B-PP
the DT B-NP
disciplinary JJ I-NP
measures NNS I-NP
. . O

The DT B-NP
fine NN I-NP
and CC I-NP
suspension NN I-NP
, , O
announced VBD B-VP
in IN B-PP
August NNP B-NP
, , O
are VBP B-VP
the DT B-NP
stiffest JJS I-NP
sanctions VBZ I-NP
the DT B-NP
Comex NNP I-NP
has VBZ B-VP
ever RB I-VP
ordered VBN I-VP
against IN B-PP
one CD B-NP
of IN B-PP
its PRP$ B-NP
members NNS I-NP
. . O

The DT B-NP
Comex NNP I-NP
accused VBD B-VP
the DT B-NP
39-year-old NNP I-NP
Mr. NNP I-NP
Semel NNP I-NP
of IN B-PP
`` `` O
fraudulent JJ B-NP
conduct NN I-NP
'' '' O
and CC O
improper JJ B-NP
trading NN I-NP
. . O

The DT B-NP
disciplinary JJ I-NP
proceedings NNS I-NP
stem VBP B-VP
from IN B-PP
trading NN B-NP
in IN B-PP
April NNP B-NP
1987 CD I-NP
. . O

Mr. NNP B-NP
Semel NNP I-NP
and CC O
his PRP$ B-NP
firm NN I-NP
, , O
Semel NNP B-NP
& CC I-NP
Co. NNP I-NP
, , O
have VBP B-VP
appealed VBN I-VP
the DT B-NP
Comex NNP I-NP
decision NN I-NP
and CC O
the DT B-NP
sanctions NNS I-NP
to TO B-PP
the DT B-NP
Commodity NNP I-NP
Futures NNS I-NP
Trading NNP I-NP
Commission NNP I-NP
. . O

The DT B-NP
commission NN I-NP
denied VBN B-VP
Mr. NNP B-NP
Semel NNP I-NP
's POS B-NP
request NN I-NP
that IN B-SBAR
the DT B-NP
fine NN I-NP
and CC I-NP
suspension NN I-NP
be VB B-VP
delayed VBN I-VP
pending VBG B-PP
the DT B-NP
appeal NN I-NP
. . O

The DT B-NP
lawsuit NN I-NP
states NNS B-VP
that IN B-SBAR
unless IN B-SBAR
the DT B-NP
sanctions NNS I-NP
are VBP B-VP
halted VBN I-VP
pending VBG B-PP
an DT B-NP
appeal NN I-NP
, , O
the DT B-NP
broker NN I-NP
and CC O
his PRP$ B-NP
firm NN I-NP
`` `` O
will MD B-VP
be VB I-VP
irreparably RB I-VP
injured VBN I-VP
and CC O
their PRP$ B-NP
business NN I-NP
will MD B-VP
be VB I-VP
totally RB I-VP
and CC I-VP
permanently RB I-VP
destroyed VBN I-VP
. . O
'' '' O

Already RB B-ADVP
the DT B-NP
firm NN I-NP
has VBZ B-VP
paid VBN I-VP
$ $ B-NP
211,666 CD I-NP
of IN B-PP
the DT B-NP
fine NN I-NP
, , O
the DT B-NP
suit NN I-NP
said VBD B-VP
, , O
and CC O
it PRP B-NP
will MD B-VP
have VB I-VP
to TO I-VP
liquidate VB I-VP
additional JJ B-NP
assets NNS I-NP
in IN B-SBAR
order NN O
to TO B-VP
pay VB I-VP
the DT B-NP
rest NN I-NP
. . O

A DT B-NP
spokesman NN I-NP
for IN B-PP
the DT B-NP
Comex NNP I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
to TO B-VP
comment VB I-VP
. . O

The DT B-NP
Federal NNP I-NP
National NNP I-NP
Mortgage NNP I-NP
Association NNP I-NP
said VBD B-VP
39 CD B-NP
lenders NNS I-NP
across IN B-PP
the DT B-NP
U.S. NNP I-NP
have VBP B-VP
agreed VBN I-VP
to TO I-VP
offer VB I-VP
home NN B-NP
loans NNS I-NP
under IN B-PP
Fannie NNP B-NP
Mae NNP I-NP
's POS B-NP
pilot NN I-NP
program NN I-NP
for IN B-PP
elderly JJ B-NP
people NNS I-NP
. . O

Fannie NNP B-NP
Mae NNP I-NP
, , O
a DT B-NP
federally RB I-NP
chartered JJ I-NP
and CC I-NP
shareholder-owned JJ I-NP
company NN I-NP
, , O
said VBD B-VP
the DT B-NP
lenders NNS I-NP
include VBP B-VP
Prudential NNP B-NP
Home NNP I-NP
Mortgage NNP I-NP
Co. NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Prudential NNP B-NP
Insurance NNP I-NP
Co. NNP I-NP
of IN B-PP
America NNP B-NP
that WDT B-NP
operates VBZ B-VP
in IN B-PP
every DT B-NP
state NN I-NP
. . O

Prudential NNP B-NP
Insurance NNP I-NP
is VBZ B-VP
based VBN I-VP
in IN B-PP
Newark NNP B-NP
, , O
N.J NNP B-NP
. . O

Fannie NNP B-NP
Mae NNP I-NP
has VBZ B-VP
agreed VBN I-VP
to TO I-VP
buy VB I-VP
as RB B-NP
much JJ I-NP
as IN I-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
of IN B-PP
loans NNS B-NP
under IN B-PP
its PRP$ B-NP
Seniors NNS I-NP
' POS B-NP
Housing NNP I-NP
Opportunities NNS I-NP
pilot NN I-NP
program NN I-NP
, , O
which WDT B-NP
offers VBZ B-VP
four CD B-NP
types NNS I-NP
of IN B-PP
loans NNS B-NP
to TO B-PP
people NNS B-NP
62 CD B-NP
years NNS I-NP
of IN B-PP
age NN B-NP
or CC O
older JJR B-ADJP
to TO B-VP
help VB I-VP
them PRP B-NP
maintain VB B-VP
their PRP$ B-NP
home NN I-NP
or CC O
obtain VB B-VP
housing NN B-NP
. . O

The DT B-NP
loans NNS I-NP
can MD B-VP
be VB I-VP
for IN B-PP
accessory NN B-NP
apartments NNS I-NP
, , O
for IN B-PP
cottages NNS B-NP
built VBN B-VP
in IN B-PP
a DT B-NP
relative NN I-NP
's POS B-NP
yard NN I-NP
, , O
for IN B-PP
home-sharing NN B-NP
or CC B-PP
for IN B-PP
sale-lease-back JJ B-NP
transactions NNS I-NP
. . O

Fannie NNP B-NP
Mae NNP I-NP
makes VBZ B-VP
a DT B-NP
secondary JJ I-NP
market NN I-NP
in IN B-PP
home NN B-NP
loans NNS I-NP
. . O

It PRP B-NP
buys VBZ B-VP
loans NNS B-NP
from IN B-PP
lenders NNS B-NP
, , O
packages VBZ B-VP
some DT B-NP
into IN B-PP
securities NNS B-NP
for IN B-PP
sale NN B-NP
to TO B-PP
investors NNS B-NP
and CC O
holds VBZ B-VP
the DT B-NP
remainder NN I-NP
in IN B-PP
a DT B-NP
portfolio NN I-NP
. . O

Robert NNP B-NP
M. NNP I-NP
Gintel NNP I-NP
, , O
senior JJ B-NP
partner NN I-NP
of IN B-PP
a DT B-NP
Greenwich NNP I-NP
, , I-NP
Conn. NNP I-NP
, , I-NP
investment NN I-NP
firm NN I-NP
, , O
said VBD B-VP
he PRP B-NP
plans VBZ B-VP
to TO I-VP
launch VB I-VP
a DT B-NP
proxy NN I-NP
fight NN I-NP
against IN B-PP
the DT B-NP
board NN I-NP
of IN B-PP
Boston-based JJ B-NP
Xtra NNP I-NP
Corp NNP I-NP
. . O

Mr. NNP B-NP
Gintel NNP I-NP
, , O
head NN B-NP
of IN B-PP
Gintel NNP B-NP
& CC I-NP
Co. NNP I-NP
, , O
said VBD B-VP
he PRP B-NP
plans VBZ B-VP
to TO I-VP
conduct VB I-VP
a DT B-NP
proxy NN I-NP
contest NN I-NP
to TO B-VP
elect VB I-VP
a DT B-NP
majority NN I-NP
of IN B-PP
Xtra NNP B-NP
's POS B-NP
board NN I-NP
at IN B-PP
the DT B-NP
next JJ I-NP
annual JJ I-NP
stockholders NNS I-NP
meeting NN I-NP
. . O

Xtra NNP B-NP
, , O
a DT B-NP
transportation NN I-NP
leasing NN I-NP
company NN I-NP
, , O
said VBD B-VP
in IN B-PP
a DT B-NP
statement NN I-NP
it PRP B-NP
would MD B-VP
have VB I-VP
no DT B-NP
comment NN I-NP
on IN B-PP
Mr. NNP B-NP
Gintel NNP I-NP
's POS B-NP
plans NNS I-NP
until IN B-SBAR
`` `` O
further JJ B-NP
information NN I-NP
has VBZ B-VP
been VBN I-VP
disclosed VBN I-VP
by IN B-PP
him PRP B-NP
. . O
'' '' O

The DT B-NP
company NN I-NP
also RB B-ADVP
said VBD B-VP
its PRP$ B-NP
1990 CD I-NP
annual JJ I-NP
meeting NN I-NP
has VBZ B-VP
not RB I-VP
been VBN I-VP
scheduled VBN I-VP
. . O

Mr. NNP B-NP
Gintel NNP I-NP
owns VBZ B-VP
300,000 CD B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
6.3 CD I-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

Xtra NNP B-NP
said VBD B-VP
it PRP B-NP
recently RB B-ADVP
bought VBD B-VP
back RB B-ADVP
approximately RB B-NP
55,000 CD I-NP
of IN B-PP
its PRP$ B-NP
shares NNS I-NP
pursuant JJ B-ADVP
to TO B-PP
its PRP$ B-NP
existing VBG I-NP
authorization NN I-NP
to TO B-VP
acquire VB I-VP
as RB B-NP
many JJ I-NP
as IN I-NP
650,000 CD I-NP
shares NNS I-NP
. . O

Mr. NNP B-NP
Gintel NNP I-NP
has VBZ B-VP
filed VBN I-VP
suit NN B-NP
in IN B-PP
Delaware NNP B-NP
Chancery NNP I-NP
Court NNP I-NP
, , O
seeking VBG B-VP
to TO I-VP
block VB I-VP
Xtra NNP B-NP
's POS B-NP
anti-takeover JJ I-NP
tactic NN I-NP
. . O

In IN B-PP
a DT B-NP
filing NN I-NP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
, , O
Mr. NNP B-NP
Gintel NNP I-NP
said VBD B-VP
Xtra NNP B-NP
`` `` O
has VBZ B-VP
pursued VBN I-VP
business NN B-NP
strategies NNS I-NP
that WDT B-NP
are VBP B-VP
n't RB O
in IN B-PP
the DT B-NP
best JJS I-NP
interest NN I-NP
of IN B-PP
stockholders NNS B-NP
. . O

STOCKS NNS B-NP
AND CC I-NP
BONDS NNS I-NP
SURGED VBD B-VP
on IN B-PP
the DT B-NP
second JJ I-NP
anniversary NN I-NP
of IN B-PP
Black NNP B-NP
Monday NNP I-NP
as IN B-SBAR
a DT B-NP
favorable JJ I-NP
inflation NN I-NP
report NN I-NP
prompted VBD B-VP
speculation NN B-NP
of IN B-PP
lower JJR B-NP
interest NN I-NP
rates NNS I-NP
. . O

The DT B-NP
Dow NNP I-NP
Jones NNP I-NP
industrials NNS I-NP
closed VBD B-VP
up IN B-ADVP
39.55 CD B-NP
, , O
at IN B-PP
2683.20 CD B-NP
, , O
after IN B-PP
rising VBG B-VP
over IN B-NP
60 CD I-NP
points NNS I-NP
in IN B-PP
mid-afternoon NN B-NP
. . O

The DT B-NP
rally NN I-NP
brought VBD B-VP
the DT B-NP
gain NN I-NP
so RB B-ADVP
far RB I-ADVP
this DT B-NP
week NN I-NP
to TO B-PP
about IN B-NP
114 CD I-NP
points NNS I-NP
. . O

The DT B-NP
dollar NN I-NP
finished VBD B-VP
mixed VBN B-ADJP
, , O
while IN B-SBAR
gold NN B-NP
declined VBD B-VP
. . O

Consumer NN B-NP
prices NNS I-NP
climbed VBD B-VP
a DT B-NP
moderate JJ I-NP
0.2 CD I-NP
% NN I-NP
in IN B-PP
September NNP B-NP
, , O
mostly RB B-PP
due JJ I-PP
to TO B-PP
higher JJR B-NP
clothing NN I-NP
costs NNS I-NP
. . O

Energy NN B-NP
prices NNS I-NP
continued VBD B-VP
to TO I-VP
fall VB I-VP
at IN B-PP
the DT B-NP
retail JJ I-NP
level NN I-NP
, , O
but CC O
economists NNS B-NP
worried VBN B-VP
about IN B-PP
a DT B-NP
big JJ I-NP
rise NN I-NP
in IN B-PP
wholesale JJ B-NP
energy NN I-NP
costs NNS I-NP
. . O

British JJ B-NP
Airways NNPS I-NP
dropped VBD B-VP
out IN B-PP
of IN B-PP
the DT B-NP
current JJ I-NP
bidding NN I-NP
for IN B-PP
United NNP B-NP
Air NNP I-NP
's POS B-NP
parent NN I-NP
, , O
leaving VBG B-VP
a DT B-NP
UAL NNP I-NP
management-pilots JJ I-NP
group NN I-NP
without IN B-PP
a DT B-NP
key JJ I-NP
partner NN I-NP
. . O

British NNP B-NP
Air NNP I-NP
's POS B-NP
move NN I-NP
raised VBD B-VP
new JJ B-NP
questions NNS I-NP
about IN B-PP
the DT B-NP
buy-out NN I-NP
group NN I-NP
's POS B-NP
efforts NNS I-NP
to TO B-VP
revive VB I-VP
a DT B-NP
stalled VBN I-NP
bid NN I-NP
for IN B-PP
UAL NNP B-NP
. . O

A DT B-NP
capital-gains NNS I-NP
tax-cut JJ I-NP
plan NN I-NP
was VBD B-VP
dropped VBN I-VP
by IN B-PP
Senate NNP B-NP
Democrats NNPS I-NP
under IN B-PP
pressure NN B-NP
from IN B-PP
their PRP$ B-NP
leadership NN I-NP
. . O

The DT B-NP
move NN I-NP
is VBZ B-VP
a DT B-NP
setback NN I-NP
for IN B-PP
Bush NNP B-NP
, , O
who WP B-NP
needs VBZ B-VP
Democratic JJ B-NP
support NN I-NP
to TO B-VP
pass VB I-VP
a DT B-NP
capital-gains NNS I-NP
cut VBP I-NP
in IN B-PP
the DT B-NP
Senate NNP I-NP
. . O

Other JJ B-NP
tax NN I-NP
breaks NNS I-NP
also RB B-ADVP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
restored VBN I-VP
or CC I-VP
created VBN I-VP
in IN B-PP
the DT B-NP
coming VBG I-NP
months NNS I-NP
as IN B-SBAR
special JJ B-NP
interest NN I-NP
groups NNS I-NP
try VBP B-VP
to TO I-VP
undo VB I-VP
the DT B-NP
1986 CD I-NP
tax NN I-NP
overhaul NN I-NP
. . O

Many JJ B-NP
retailers NNS I-NP
are VBP B-VP
worried VBN I-VP
that IN B-SBAR
a DT B-NP
price NN I-NP
war NN I-NP
could MD B-VP
erupt VB I-VP
this DT B-NP
Christmas NNP I-NP
if IN B-SBAR
cash-strapped JJ B-NP
firms NNS I-NP
such JJ B-PP
as IN I-PP
Campeau NNP B-NP
slash NN B-VP
prices NNS B-NP
to TO B-VP
spur VB I-VP
sales NNS B-NP
. . O

AT&T NNP B-NP
unveiled VBD B-VP
a DT B-NP
sweetened VBN I-NP
early JJ I-NP
retirement NN I-NP
plan NN I-NP
for IN B-PP
management NN B-NP
that IN B-NP
the DT B-NP
company NN I-NP
hopes VBZ B-VP
will MD B-VP
save VB I-VP
it PRP B-NP
$ $ B-NP
450 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
next JJ I-NP
year NN I-NP
. . O

Also RB B-ADVP
, , O
profit NN B-NP
rose VBD B-VP
19 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

Chrysler NNP B-NP
will MD B-VP
idle VB I-VP
a DT B-NP
Toledo NNP I-NP
assembly NN I-NP
plant NN I-NP
temporarily RB B-ADVP
due JJ B-PP
to TO B-PP
slowing VBG B-NP
sales NNS I-NP
of IN B-PP
its PRP$ B-NP
profitable JJ I-NP
Jeep NNP I-NP
Cherokee NNP I-NP
and CC I-NP
Wagoneer NNP I-NP
sport NN I-NP
utility NN I-NP
vehicles NNS I-NP
. . O

Digital NNP B-NP
Equipment NNP I-NP
's POS B-NP
profit NN I-NP
fell VBD B-VP
32 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
, , O
prompting VBG B-VP
forecasts NNS B-NP
of IN B-PP
weaker JJR B-NP
results NNS I-NP
ahead RB B-ADVP
. . O

Analysts NNS B-NP
were VBD B-VP
troubled JJ I-VP
by IN B-PP
signs NNS B-NP
of IN B-PP
flat JJ B-NP
U.S. NNP I-NP
orders NNS I-NP
at IN B-PP
the DT B-NP
computer NN I-NP
maker NN I-NP
. . O

IBM NN B-NP
plans NNS B-VP
to TO I-VP
unveil VB I-VP
over IN B-NP
50 CD I-NP
software NN I-NP
products NNS I-NP
on IN B-PP
Tuesday NNP B-NP
to TO B-VP
try VB I-VP
to TO I-VP
end VB I-VP
some DT B-NP
of IN B-PP
the DT B-NP
problems NNS I-NP
in IN B-PP
computerizing VBG B-VP
manufacturing NN B-NP
operations NNS I-NP
. . O

The DT B-NP
TV NN I-NP
units NNS I-NP
of IN B-PP
Paramount NNP B-NP
and CC I-NP
MCA NNP I-NP
are VBP B-VP
exploring VBG I-VP
offering NN I-VP
prime-time JJ B-NP
programming NN I-NP
to TO B-PP
independent JJ B-NP
stations NNS I-NP
two CD B-NP
nights NNS I-NP
a DT B-NP
week NN I-NP
. . O

BankAmerica NNP B-NP
's POS B-NP
profit NN I-NP
jumped VBD B-VP
34 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
rapid JJ I-NP
recovery NN I-NP
continued VBD B-VP
to TO I-VP
be VB I-VP
fueled VBN I-VP
by IN B-PP
growth NN B-NP
in IN B-PP
consumer NN B-NP
loans NNS I-NP
, , O
higher JJR B-NP
interest NN I-NP
margins NNS I-NP
and CC O
only RB B-NP
minor JJ I-NP
loan NN I-NP
losses NNS I-NP
. . O

Big NNP B-NP
Board NNP I-NP
short JJ I-NP
interest NN I-NP
fell VBD B-VP
4.2 CD B-NP
% NN I-NP
for IN B-PP
the DT B-NP
month NN I-NP
ended VBN B-VP
Oct. NNP B-NP
13 CD I-NP
, , O
the DT B-NP
second JJ I-NP
decline NN I-NP
in IN B-PP
a DT B-NP
row NN I-NP
. . O

Borrowed VBN B-NP
shares NNS I-NP
on IN B-PP
the DT B-NP
Amex NNP I-NP
rose VBD B-VP
to TO B-PP
another DT B-NP
record NN I-NP
. . O

Bell NNP B-NP
Atlantic NNP I-NP
posted VBD B-VP
a DT B-NP
strong JJ I-NP
earnings NNS I-NP
gain NN I-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
as IN B-SBAR
did VBD O
Southern NNP B-NP
New NNP I-NP
England NNP I-NP
Telecommunications NNPS I-NP
. . O

But CC O
Nynex NNP B-NP
, , O
Pacific NNP B-NP
Telesis NNP I-NP
and CC O
U NNP B-NP
S NNP I-NP
West NNP I-NP
had VBD B-VP
lower JJR B-NP
profits NNS I-NP
. . O

B.A.T NNP B-NP
Industries NNPS I-NP
won VBD B-VP
shareholder NN B-NP
approval NN I-NP
for IN B-PP
a DT B-NP
defensive JJ I-NP
restructuring NN I-NP
to TO B-VP
fend VB I-VP
off IN B-PRT
Sir NNP B-NP
James NNP I-NP
Goldsmith NNP I-NP
. . O

American NNP B-NP
Express NNP I-NP
's POS B-NP
profit NN I-NP
climbed VBD B-VP
21 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
, , O
aided VBN B-VP
by IN B-PP
a DT B-NP
surge NN I-NP
in IN B-PP
its PRP$ B-NP
travel NN I-NP
business NN I-NP
and CC O
despite IN B-PP
a DT B-NP
big JJ I-NP
rise NN I-NP
in IN B-PP
Third NNP B-NP
World NNP I-NP
loan NN I-NP
reserves NNS I-NP
. . O

Markets NNS B-NP
-- : O

Stocks NNS B-NP
: : O
Volume NN B-NP
198,120,000 CD B-NP
shares NNS I-NP
. . O

Dow NNP B-NP
Jones NNP I-NP
industrials NNS I-NP
2683.20 CD B-NP
, , O
up IN B-ADVP
39.55 CD B-NP
; : O
transportation NN B-NP
1263.51 CD B-NP
, , O
up IN B-ADVP
15.64 CD B-NP
; : O
utilities NNS B-NP
215.42 CD B-NP
, , O
up IN B-ADVP
1.45 CD B-NP
. . O

Bonds NNS B-NP
: : O
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Treasury NNP I-NP
index NN I-NP
3398.65 CD B-NP
, , O
up IN B-ADVP

Commodities NNS B-NP
: : O
Dow NNP B-NP
Jones NNP I-NP
futures NNS I-NP
index NN I-NP
130.13 CD B-NP
, , O
up IN B-ADVP
0.23 CD B-NP
; : O
spot NN B-NP
index NN I-NP
130.46 CD B-NP
, , O
up IN B-ADVP
0.10 CD B-NP
. . O

Dollar NN B-NP
: : O
141.70 CD B-NP
yen NN I-NP
, , O
up IN B-ADVP
0.25 CD B-NP
; : O
1.8470 CD B-NP
marks NNS I-NP
, , O
off IN B-ADVP
0.0015 CD B-NP
. . O

Computer NNP B-NP
Sciences NNP I-NP
Corp. NNP I-NP
, , O
El NNP B-NP
Segundo NNP I-NP
, , O
Calif. NNP B-NP
, , O
said VBD B-VP
the DT B-NP
National NNP I-NP
Aeronautics NNP I-NP
and CC I-NP
Space NNP I-NP
Administration NNP I-NP
will MD B-VP
negotiate VB I-VP
details NNS B-NP
of IN B-PP
a DT B-NP
contract NN I-NP
valued VBN B-VP
at IN B-PP
about RB B-NP
$ $ I-NP
170 CD I-NP
million CD I-NP
to TO B-VP
provide VB I-VP
software NN B-NP
for IN B-PP
the DT B-NP
Ames NNP I-NP
Research NNP I-NP
Center NNP I-NP
. . O

Included VBN B-VP
in IN B-PP
the DT B-NP
three-year JJ I-NP
contract NN I-NP
are VBP B-VP
options NNS B-NP
for IN B-PP
two CD B-NP
one-year JJ I-NP
renewals NNS I-NP
. . O

NASA NNP B-NP
awarded VBD B-VP
the DT B-NP
contract NN I-NP
to TO B-PP
CSC NNP B-NP
in IN B-PP
November NNP B-NP
but CC O
an DT B-NP
appeal NN I-NP
by IN B-PP
Sterling NNP B-NP
Software NNP I-NP
Inc. NNP I-NP
of IN B-PP
Dallas NNP B-NP
sent VBD B-VP
the DT B-NP
contract NN I-NP
to TO B-PP
the DT B-NP
General NNP I-NP
Services NNP I-NP
Administration NNP I-NP
Board NNP I-NP
of IN B-PP
Contract NNP B-NP
Appeals NNPS I-NP
and CC O
the DT B-NP
board NN I-NP
required VBN B-VP
NASA NNP B-NP
to TO B-VP
re-evaluate VB I-VP
bidders NNS B-NP
' POS B-NP
proposals NNS I-NP
. . O

Sterling NNP B-NP
had VBD B-VP
completed VBN I-VP
a DT B-NP
five-year JJ I-NP
contract NN I-NP
for IN B-PP
NASA NNP B-NP
but CC O
lost VBD B-VP
its PRP$ B-NP
bid NN I-NP
for IN B-PP
renewal NN B-NP
. . O

As IN B-SBAR
directed VBN B-VP
by IN B-PP
the DT B-NP
board NN I-NP
, , O
NASA NNP B-NP
completed VBD B-VP
the DT B-NP
evaluation NN I-NP
and CC O
again RB B-VP
chose VBD I-VP
CSC NNP B-NP
. . O

For IN B-PP
its PRP$ B-NP
fiscal JJ I-NP
year NN I-NP
ended VBN B-VP
March NNP B-NP
31 CD I-NP
, , O
CSC NNP B-NP
had VBD B-VP
revenue NN B-NP
of IN B-PP
$ $ B-NP
1.3 CD I-NP
billion CD I-NP
. . O

AFTERSHOCKS NNS B-NP
RATTLED VBD B-VP
Northern NNP B-NP
California NNP I-NP
amid IN B-PP
an DT B-NP
earthquake NN I-NP
cleanup NN I-NP
. . O

As IN B-SBAR
power NN B-NP
and CC I-NP
commuters NNS I-NP
returned VBD B-VP
to TO B-PP
much NN B-NP
of IN B-PP
downtown NN B-NP
San NNP I-NP
Francisco NNP I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
since IN B-PP
Tuesday NNP B-NP
's POS B-NP
temblor NN I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
, , O
three CD B-NP
strong JJ I-NP
aftershocks NNS I-NP
, , O
one CD B-NP
measuring VBG B-VP
5.0 CD B-NP
on IN B-PP
the DT B-NP
Richter NNP I-NP
scale NN I-NP
, , O
jolted VBD B-VP
the DT B-NP
region NN I-NP
. . O

Serious JJ B-NP
injuries NNS I-NP
or CC I-NP
damages NNS I-NP
were VBD B-VP
n't RB I-VP
reported VBN I-VP
. . O

Californians NNS B-NP
, , O
meanwhile RB B-ADVP
, , O
tried VBD B-VP
to TO I-VP
cope VB I-VP
with IN B-PP
still-limited JJ B-NP
services NNS I-NP
, , O
blocked VBN B-NP
roadways NNS I-NP
and CC O
water NN B-NP
shortages NNS I-NP
in IN B-PP
the DT B-NP
aftermath NN I-NP
of IN B-PP
the DT B-NP
tremor NN I-NP
that WDT B-NP
left VBD B-VP
scores NNS B-NP
dead JJ B-ADJP
and CC I-ADJP
injured VBN I-ADJP
. . O

Thousands NNS B-NP
remained VBD B-VP
homeless JJ B-ADJP
. . O

Bush NNP B-NP
is VBZ B-VP
to TO B-VP
visit VB I-VP
the DT B-NP
area NN I-NP
today NN B-NP
, , O
and CC O
officials NNS B-NP
in IN B-PP
Washington NNP B-NP
estimated VBD B-VP
that DT B-SBAR
emergency NN B-NP
assistance NN I-NP
would MD B-VP
total VB I-VP
at IN B-NP
least JJS I-NP
$ $ I-NP
2.5 CD I-NP
billion CD I-NP
. . O

A DT B-NP
series NN I-NP
of IN B-PP
earthquakes NNS B-NP
struck VBD B-VP
northern JJ B-NP
China NNP I-NP
, , O
killing VBG B-VP
at IN B-NP
least JJS I-NP
29 CD I-NP
people NNS I-NP
, , O
injuring VBG B-VP
hundreds NNS B-NP
and CC O
razing VBG B-VP
about IN B-NP
8,000 CD I-NP
homes NNS I-NP
, , O
the DT B-NP
Xinhua NNP I-NP
News NNP I-NP
Agency NNP I-NP
said VBD B-VP
. . O

The DT B-NP
Senate NNP I-NP
rejected VBD B-VP
a DT B-NP
constitutional JJ I-NP
amendment NN I-NP
sought VBN B-VP
by IN B-PP
Bush NNP B-NP
to TO B-VP
prohibit VB I-VP
desecration NN B-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
flag NN I-NP
. . O

While IN B-SBAR
the DT B-NP
proposal NN I-NP
won VBD B-VP
a DT B-NP
slight JJ I-NP
majority NN I-NP
, , O
the DT B-NP
51-48 JJ I-NP
vote NN I-NP
was VBD B-VP
well JJ B-ADJP
short NN I-ADJP
of IN B-PP
the DT B-NP
two-thirds NNS I-NP
needed VBN B-VP
to TO B-VP
approve VB I-VP
changes NNS B-NP
in IN B-PP
the DT B-NP
Constitution NNP I-NP
. . O

It PRP B-NP
was VBD B-VP
considered VBN I-VP
a DT B-NP
victory NN I-NP
for IN B-PP
Democratic JJ B-NP
leaders NNS I-NP
, , O
who WP B-NP
favor VBP B-VP
a DT B-NP
law NN I-NP
barring VBG B-VP
flag NN B-NP
burning VBG I-NP
. . O

The DT B-NP
House NNP I-NP
approved VBD B-VP
an DT B-NP
$ $ I-NP
837 CD I-NP
million CD I-NP
aid NN I-NP
package NN I-NP
for IN B-PP
Poland NNP B-NP
and CC I-NP
Hungary NNP I-NP
, , O
nearly RB B-NP
double JJ I-NP
what WP I-NP
Bush NNP B-NP
had VBD B-VP
requested VBN I-VP
. . O

The DT B-NP
vote NN I-NP
of IN B-PP
345-47 NN B-NP
sent VBD B-VP
the DT B-NP
measure NN I-NP
to TO B-PP
the DT B-NP
Senate NNP I-NP
. . O

Britain NNP B-NP
's POS B-NP
chief JJ I-NP
justice NN I-NP
quashed VBD B-VP
the DT B-NP
murder NN I-NP
convictions NNS I-NP
of IN B-PP
four CD B-NP
people NNS I-NP
for IN B-PP
Irish JJ B-NP
Republican NNP I-NP
Army NNP I-NP
bombings NNS I-NP
that WDT B-NP
killed VBD B-VP
seven CD B-NP
people NNS I-NP
in IN B-PP
1974 CD B-NP
. . O

The DT B-NP
reversal NN I-NP
came VBD B-VP
after IN B-SBAR
the DT B-NP
government NN I-NP
conceded VBD B-VP
that IN B-SBAR
investigators NNS B-NP
may MD B-VP
have VB I-VP
faked VBN I-VP
evidence NN B-NP
. . O

The DT B-NP
`` `` I-NP
Guildford NNP I-NP
Four CD I-NP
, , O
'' '' O
three CD B-NP
Irishmen NNPS I-NP
and CC O
an DT B-NP
Englishwoman NNP I-NP
, , O
have VBP B-VP
been VBN I-VP
imprisoned VBN I-VP
since IN B-PP
1975 CD B-NP
. . O

The DT B-NP
Nobel NNP I-NP
Prize NNP I-NP
in IN B-PP
literature NN B-NP
was VBD B-VP
won VBN I-VP
by IN B-PP
Camilo NNP B-NP
Jose NNP I-NP
Cela NNP I-NP
, , O
a DT B-NP
Spanish JJ I-NP
writer NN I-NP
. . O

His PRP$ B-NP
1942 CD I-NP
novel NN I-NP
`` `` O
The DT B-NP
Family NNP I-NP
of IN B-PP
Pascual NNP B-NP
Duarte NNP I-NP
'' '' O
is VBZ B-VP
considered VBN I-VP
the DT B-NP
most RBS I-NP
popular JJ I-NP
work NN I-NP
of IN B-PP
fiction NN B-NP
in IN B-PP
Spanish JJ B-NP
since IN B-SBAR
Cervantes NNP B-NP
's POS B-NP
`` `` I-NP
Don NNP I-NP
Quixote NNP I-NP
'' '' O
was VBD B-VP
published VBN I-VP
400 CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O

The DT B-NP
Swedish NNP I-NP
Academy NNP I-NP
in IN B-PP
Stockholm NNP B-NP
cited VBD B-VP
the DT B-NP
73-year-old NNP I-NP
Cela NNP I-NP
for IN B-PP
`` `` O
rich JJ B-NP
and CC I-NP
intensive JJ I-NP
prose NN I-NP
. . O
'' '' O

The DT B-NP
editor NN I-NP
of IN B-PP
Pravda NNP B-NP
was VBD B-VP
dismissed VBN I-VP
and CC O
succeeded VBN B-VP
by IN B-PP
a DT B-NP
confidant NN I-NP
of IN B-PP
Soviet JJ B-NP
leader NN I-NP
Gorbachev NNP I-NP
. . O

The DT B-NP
action NN I-NP
at IN B-PP
the DT B-NP
Communist NNP I-NP
Party NNP I-NP
daily JJ I-NP
, , O
viewed VBN B-VP
as IN B-PP
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
's POS B-NP
most RBS I-NP
authoritative JJ I-NP
newspaper NN I-NP
, , O
was VBD B-VP
considered VBN I-VP
the DT B-NP
most RBS I-NP
significant JJ I-NP
development NN I-NP
in IN B-PP
a DT B-NP
week NN I-NP
of IN B-PP
Kremlin NNP B-NP
wrangling VBG I-NP
over IN B-PP
the DT B-NP
press NN I-NP
, , O
including VBG B-PP
sharp JJ B-NP
criticism NN I-NP
from IN B-PP
Gorbachev NNP B-NP
. . O

East NNP B-NP
Germany NNP I-NP
's POS B-NP
new JJ I-NP
leader NN I-NP
met VBD B-VP
with IN B-PP
Lutheran NNP B-NP
Church NNP I-NP
officials NNS I-NP
to TO B-VP
discuss VB I-VP
a DT B-NP
growing VBG I-NP
opposition NN I-NP
movement NN I-NP
demanding VBG B-VP
democratic JJ B-NP
freedoms NNS I-NP
. . O

As IN B-SBAR
they PRP B-NP
conferred VBD B-VP
near IN B-PP
East NNP B-NP
Berlin NNP I-NP
, , O
a DT B-NP
pro-democracy JJ I-NP
protest NN I-NP
erupted VBD B-VP
in IN B-PP
the DT B-NP
Baltic JJ I-NP
city NN I-NP
of IN B-PP
Greifswald NNP B-NP
, , O
and CC O
activists NNS B-NP
threatened VBD B-VP
further JJ B-NP
rallies NNS I-NP
against IN B-PP
leader NN B-NP
Krenz NNP I-NP
's POS B-NP
expected VBN I-NP
hard-line JJ I-NP
policies NNS I-NP
. . O

Police NNS B-NP
in IN B-PP
Prague NNP B-NP
raided VBD B-VP
an DT B-NP
international JJ I-NP
meeting NN I-NP
on IN B-PP
human JJ B-NP
rights NNS I-NP
, , O
detaining VBG B-VP
Czechoslovakia NNP B-NP
's POS B-NP
former JJ I-NP
foreign JJ I-NP
minister NN I-NP
, , O
Jiri NNP B-NP
Hajak NNP I-NP
, , O
and CC O
14 CD B-NP
other JJ I-NP
activists NNS I-NP
. . O

A DT B-NP
leading VBG I-NP
U.S. NNP I-NP
human-rights JJ I-NP
monitor NN I-NP
also RB B-ADVP
was VBD B-VP
briefly NN I-VP
held VBN I-VP
. . O

Dissident JJ B-NP
playwright NN I-NP
Vaclav NNP I-NP
Havel NNP I-NP
reportedly RB B-ADVP
escaped VBD B-VP
the DT B-NP
crackdown NN I-NP
, , O
the DT B-NP
fourth JJ I-NP
against IN B-PP
activists NNS B-NP
in IN B-PP
recent JJ B-NP
days NNS I-NP
. . O

Bush NNP B-NP
met VBD B-VP
in IN B-PP
Washington NNP B-NP
with IN B-PP
Spain NNP B-NP
's POS B-NP
Prime NNP I-NP
Minister NNP I-NP
Gonzalez NNP I-NP
and CC O
discussed VBN B-VP
what WP B-NP
the DT B-NP
president NN I-NP
called VBN B-VP
`` `` O
the DT B-NP
unique JJ I-NP
role NN I-NP
'' '' O
that IN B-NP
Madrid NNP B-NP
can MD B-VP
play VB I-VP
in IN B-PP
furthering VBG B-VP
democracy NN B-NP
in IN B-PP
Eastern NNP B-NP
Europe NNP I-NP
and CC O
Latin NNP B-NP
America NNP I-NP
. . O

Gonzalez NNP B-NP
, , O
who WP B-NP
pledged VBD B-VP
to TO I-VP
help VB I-VP
monitor VB I-VP
voting NN B-NP
in IN B-PP
Nicaragua NNP B-NP
, , O
was VBD B-VP
said VBD I-VP
to TO I-VP
be VB I-VP
carrying VBG I-VP
proposals NNS B-NP
for IN B-PP
free JJ B-NP
elections NNS I-NP
in IN B-PP
Panama NNP B-NP
. . O

The DT B-NP
Galileo NNP I-NP
spacecraft NN I-NP
sped VBD B-VP
unerringly RB B-ADVP
toward IN B-PP
the DT B-NP
planet NN I-NP
Jupiter NNP I-NP
, , O
while IN B-SBAR
five CD B-NP
astronauts NNS I-NP
aboard IN B-PP
the DT B-NP
space NN I-NP
shuttle NN I-NP
Atlantis NNP I-NP
measured VBD B-VP
the DT B-NP
Earth NNP I-NP
's POS B-NP
ozone NN I-NP
layer NN I-NP
. . O

The DT B-NP
robot NN I-NP
probe NN I-NP
was VBD B-VP
dispatched VBN I-VP
Wednesday NNP B-NP
by IN B-PP
the DT B-NP
shuttle NN I-NP
crew NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
to TO B-VP
conduct VB I-VP
a DT B-NP
series NN I-NP
of IN B-PP
medical JJ B-NP
and CC I-NP
other JJ I-NP
experiments NNS I-NP
before IN B-PP
their PRP$ B-NP
scheduled VBN I-NP
landing NN I-NP
Monday NNP B-NP
in IN B-PP
California NNP B-NP
. . O

Argentina NNP B-NP
and CC I-NP
Britain NNP I-NP
agreed VBD B-VP
to TO I-VP
resume VB I-VP
diplomatic JJ B-NP
and CC I-NP
economic JJ I-NP
relations NNS I-NP
, , O
seven CD B-NP
years NNS I-NP
after IN B-SBAR
the DT B-NP
two CD I-NP
nations NNS I-NP
battled VBD B-VP
over IN B-PP
the DT B-NP
Falkland NNP I-NP
Islands NNPS I-NP
. . O

The DT B-NP
announcement NN I-NP
, , O
in IN B-PP
which WDT B-NP
they PRP B-NP
said VBD B-VP
hostilities NNS B-NP
had VBD B-VP
ceased VBN I-VP
, , O
followed VBD B-VP
a DT B-NP
two-day JJ I-NP
meeting NN I-NP
in IN B-PP
Madrid NNP B-NP
. . O

Rebel NN B-NP
artillerists NNS I-NP
bombarded VBD B-VP
the DT B-NP
capital NN I-NP
of IN B-PP
Afghanistan NNP B-NP
, , O
killing VBG B-VP
at IN B-NP
least JJS I-NP
12 CD I-NP
people NNS I-NP
, , O
as IN B-SBAR
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
was VBD B-VP
reported VBN I-VP
to TO I-VP
be VB I-VP
airlifting VBG I-VP
arms NNS B-NP
and CC I-NP
food NN I-NP
to TO B-PP
Kabul NNP B-NP
's POS B-NP
forces NNS I-NP
. . O

Fighting NNP B-NP
also RB B-ADVP
was VBD B-VP
reported VBN I-VP
around IN B-PP
the DT B-NP
strategic JJ I-NP
town NN I-NP
of IN B-PP
Khost NNP B-NP
, , O
near IN B-PP
the DT B-NP
Pakistani JJ I-NP
border NN I-NP
. . O

Saudi NNP B-NP
Arabia NNP I-NP
's POS B-NP
foreign JJ I-NP
minister NN I-NP
met VBD B-VP
in IN B-PP
Damascus NNP B-NP
with IN B-PP
President NNP B-NP
Assad NNP I-NP
to TO B-VP
develop VB I-VP
a DT B-NP
plan NN I-NP
for IN B-PP
the DT B-NP
withdrawal NN I-NP
of IN B-PP
Syria NNP B-NP
's POS B-NP
40,000 CD I-NP
troops NNS I-NP
from IN B-PP
Lebanon NNP B-NP
as IN B-PP
part NN B-NP
of IN B-PP
a DT B-NP
settlement NN I-NP
of IN B-PP
that DT B-NP
nation NN I-NP
's POS B-NP
14-year-old JJ I-NP
civil JJ I-NP
war NN I-NP
. . O

The DT B-NP
talks NNS I-NP
came VBD B-VP
as IN B-SBAR
Lebanese JJ B-NP
negotiations NNS I-NP
on IN B-PP
political JJ B-NP
changes NNS I-NP
appeared VBD B-VP
deadlocked VBN B-ADJP
. . O

GOP NNP B-NP
Sen. NNP I-NP
Specter NNP I-NP
of IN B-PP
Pennsylvania NNP B-NP
said VBD B-VP
he PRP B-NP
would MD B-VP
vote VB I-VP
to TO I-VP
acquit VB I-VP
federal JJ B-NP
Judge NNP I-NP
Alcee NNP I-NP
Hastings NNP I-NP
in IN B-PP
his PRP$ B-NP
impeachment NN I-NP
trial NN I-NP
on IN B-PP
charges NNS B-NP
of IN B-PP
perjury NN B-NP
and CC O
bribery NN B-NP
conspiracy NN I-NP
. . O

Specter NNP B-NP
, , O
the DT B-NP
vice NN I-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
Senate NNP I-NP
's POS B-NP
evidence NN I-NP
panel NN I-NP
, , O
said VBD B-VP
there EX B-NP
was VBD B-VP
`` `` O
insufficient JJ B-NP
evidence NN I-NP
to TO B-VP
convict VB I-VP
'' '' O
the DT B-NP
Miami NNP I-NP
jurist NN I-NP
. . O

After IN B-PP
slipping VBG B-VP
on IN B-PP
news NN B-NP
of IN B-PP
a DT B-NP
smaller-than-expected JJ I-NP
U.S. NNP I-NP
inflation NN I-NP
figure NN I-NP
, , O
the DT B-NP
dollar NN I-NP
rebounded VBD B-VP
later RB B-ADVP
in IN B-PP
the DT B-NP
trading NN I-NP
day NN I-NP
. . O

The DT B-NP
U.S. NNP I-NP
unit NN I-NP
dipped VBD B-VP
to TO B-PP
a DT B-NP
session NN I-NP
low JJ I-NP
against IN B-PP
the DT B-NP
mark NN I-NP
just RB B-PP
after IN I-PP
the DT B-NP
release NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
. . O

The DT B-NP
report NN I-NP
showed VBD B-VP
that IN B-SBAR
September NNP B-NP
consumer NN I-NP
prices NNS I-NP
rose VBD B-VP
just RB B-NP
0.2 CD I-NP
% NN I-NP
, , O
a DT B-NP
smaller JJR I-NP
increase NN I-NP
than IN B-SBAR
expected VBN B-VP
. . O

The DT B-NP
market NN I-NP
had VBD B-VP
anticipated VBN I-VP
a DT B-NP
0.4 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
the DT B-NP
price NN I-NP
index NN I-NP
. . O

The DT B-NP
September NNP I-NP
index NN I-NP
fueled VBD B-VP
speculation NN B-NP
, , O
damaging JJ B-ADJP
to TO B-PP
the DT B-NP
dollar NN I-NP
, , O
that IN B-SBAR
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
soon RB B-ADVP
will MD B-VP
ease VB I-VP
monetary JJ B-NP
policy NN I-NP
further JJ B-ADVP
. . O

But CC O
foreign-exchange JJ B-NP
dealers NNS I-NP
said VBD B-VP
the DT B-NP
dollar NN I-NP
staged VBD B-VP
a DT B-NP
quick JJ I-NP
comeback NN I-NP
, , O
prompted VBN B-VP
by IN B-PP
a DT B-NP
round NN I-NP
of IN B-PP
short JJ B-NP
covering NN I-NP
and CC O
some DT B-NP
fresh JJ I-NP
buying NN I-NP
interest NN I-NP
later RB B-ADVP
in IN B-PP
the DT B-NP
trading NN I-NP
day NN I-NP
. . O

Traders NNS B-NP
said VBD B-VP
that IN B-SBAR
a DT B-NP
nearly RB I-NP
40-point JJ I-NP
gain NN I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
, , O
fueled VBN B-VP
in IN B-PP
part NN B-NP
by IN B-PP
news NN B-NP
of IN B-PP
a DT B-NP
lower-than-expected JJ I-NP
price NN I-NP
index NN I-NP
, , O
had VBD B-VP
little JJ B-NP
influence NN I-NP
on IN B-PP
the DT B-NP
dollar NN I-NP
's POS B-NP
moves NNS I-NP
. . O

`` `` O
The DT B-NP
market NN I-NP
is VBZ B-VP
beginning VBG I-VP
to TO I-VP
disassociate VB I-VP
itself PRP B-NP
from IN B-PP
Wall NNP B-NP
Street NNP I-NP
, , O
'' '' O
said VBD B-VP
one CD B-NP
New NNP I-NP
York NNP I-NP
trader NN I-NP
. . O

In IN B-PP
late JJ B-NP
New NNP I-NP
York NNP I-NP
trading NN I-NP
yesterday NN B-NP
, , O
the DT B-NP
dollar NN I-NP
was VBD B-VP
quoted VBN I-VP
at IN B-PP
1.8470 CD B-NP
marks NNS I-NP
, , O
down RB B-ADVP
from IN B-PP
1.8485 CD B-NP
marks NNS I-NP
late JJ B-NP
Wednesday NNP I-NP
, , B-PP
and CC I-PP
at IN B-PP
141.70 CD B-NP
yen NN I-NP
, , O
up IN B-ADVP
from IN B-PP
141.45 CD B-NP
yen NN I-NP
late JJ B-NP
Wednesday NNP I-NP
. . O

Sterling NNP B-NP
was VBD B-VP
quoted VBN I-VP
at IN B-PP
$ $ B-NP
1.5990 CD I-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
1.5920 CD I-NP
late JJ B-NP
Wednesday NNP I-NP
. . O

In IN B-PP
Tokyo NNP B-NP
Friday NNP B-NP
, , O
the DT B-NP
U.S. NNP I-NP
currency NN I-NP
opened VBD B-VP
for IN B-PP
trading NN B-NP
at IN B-PP
141.93 CD B-NP
yen NN I-NP
, , O
up IN B-ADVP
from IN B-PP
Thursday NNP B-NP
's POS B-NP
Tokyo NNP I-NP
close NN I-NP
of IN B-PP
141.55 CD B-NP
yen NN I-NP
. . O

Some DT B-NP
analysts NNS I-NP
said VBD B-VP
the DT B-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
reflects VBZ B-VP
a DT B-NP
more RBR I-NP
significant JJ I-NP
slowdown NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
economy NN I-NP
than IN B-SBAR
earlier RBR B-ADVP
indicated VBD B-VP
. . O

They PRP B-NP
point VBP B-VP
out RP B-PRT
that IN B-SBAR
September NNP B-NP
's POS B-NP
producer-price JJ I-NP
index NN I-NP
showed VBD B-VP
a DT B-NP
0.9 CD I-NP
% NN I-NP
increase NN I-NP
. . O

They PRP B-NP
noted VBD B-VP
that IN B-SBAR
because IN B-SBAR
the DT B-NP
consumer NN I-NP
price NN I-NP
index NN I-NP
, , O
known VBN B-VP
as IN B-PP
the DT B-NP
CPI NNP I-NP
, , O
is VBZ B-VP
a DT B-NP
more RBR I-NP
comprehensive JJ I-NP
measure NN I-NP
of IN B-PP
inflation NN B-NP
and CC O
is VBZ B-VP
rising VBG I-VP
less RBR B-ADVP
rapidly RB I-ADVP
than IN B-PP
the DT B-NP
producer-price JJ I-NP
index NN I-NP
, , O
or CC O
PPI NNP B-NP
, , O
it PRP B-NP
could MD B-VP
signal VB I-VP
further JJ B-NP
easing NN I-NP
by IN B-PP
Fed NNP B-NP
. . O

Others NNS B-NP
suggested VBD B-VP
, , O
however RB B-ADVP
, , O
that IN B-SBAR
the DT B-NP
Fed NNP I-NP
will MD B-VP
hold VB I-VP
any DT B-NP
changes NNS I-NP
in IN B-PP
monetary JJ B-NP
policy NN I-NP
in IN B-PP
check NN B-NP
, , O
leaving VBG B-VP
fed VBN B-NP
funds NNS I-NP
at IN B-PP
around IN B-NP
8 CD I-NP
3\/4 CD I-NP
% NN I-NP
, , O
down RB B-ADVP
from IN B-PP
the DT B-NP
9 CD I-NP
% NN I-NP
level NN I-NP
that WDT B-NP
prevailed VBD B-VP
from IN B-PP
July NNP B-NP
through IN B-PP
September NNP B-NP
. . O

Kevin NNP B-NP
Logan NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
with IN B-PP
the DT B-NP
Swiss NNP I-NP
Bank NNP I-NP
Corp. NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
both DT B-NP
PPI NNP I-NP
and CC I-NP
CPI NNP I-NP
climbed VBD B-VP
around IN B-NP
4 CD I-NP
1\/2 CD I-NP
% NN I-NP
year-to-year JJ B-ADJP
in IN B-PP
September NNP B-NP
. . O

He PRP B-NP
argued VBD B-VP
that IN B-SBAR
both DT B-NP
CPI NNP I-NP
and CC I-NP
PPI NNP I-NP
have VBP B-VP
in IN B-PP
fact NN B-NP
decelerated VBN B-VP
since IN B-PP
spring NN B-NP
. . O

`` `` O
The DT B-NP
Fed NNP I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
stampeded VBN I-VP
into IN B-PP
easing VBG B-NP
, , O
'' '' O
Mr. NNP B-NP
Logan NNP I-NP
said VBD B-VP
, , O
predicting VBG B-VP
that IN B-SBAR
for IN B-PP
now RB B-NP
, , O
interest NN B-NP
rates NNS I-NP
will MD B-VP
stay VB I-VP
where WRB B-ADVP
they PRP B-NP
are VBP B-VP
. . O

A DT B-NP
four-day JJ I-NP
matched VBN I-NP
sale-purchase NN I-NP
agreement NN I-NP
, , O
a DT B-NP
move NN I-NP
to TO B-VP
drain VB I-VP
liquidity NN B-NP
from IN B-PP
the DT B-NP
system NN I-NP
, , O
was VBD B-VP
viewed VBN I-VP
as IN B-PP
a DT B-NP
technical JJ I-NP
move NN I-NP
, , O
rather RB B-CONJP
than IN I-CONJP
an DT B-NP
indication NN I-NP
of IN B-PP
tightening VBG B-NP
credit NN I-NP
. . O

Market NN B-NP
participants NNS I-NP
note VBP B-VP
that IN B-SBAR
the DT B-NP
mark NN I-NP
continues VBZ B-VP
to TO I-VP
post VB I-VP
heftier JJR B-NP
gains NNS I-NP
against IN B-PP
its PRP$ B-NP
U.S. NNP I-NP
counterpart NN I-NP
than IN B-PP
any DT B-NP
other JJ I-NP
major JJ I-NP
currency NN I-NP
, , O
particularly RB B-ADVP
the DT B-NP
yen NN I-NP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
a DT B-NP
bottomless JJ I-NP
pit NN I-NP
of IN B-PP
dollar NN B-NP
demand NN I-NP
'' '' O
by IN B-PP
Japanese JJ B-NP
investors NNS I-NP
, , O
said VBD B-VP
Graham NNP B-NP
Beale NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
of IN B-PP
foreign JJ B-NP
exchange NN I-NP
at IN B-PP
Hongkong NNP B-NP
& CC I-NP
Shanghai NNP I-NP
Banking NNP I-NP
Corp. NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
adding VBG B-VP
that IN B-SBAR
purely RB B-NP
speculative JJ I-NP
demand NN I-NP
would MD B-VP
n't RB I-VP
hold VB I-VP
the DT B-NP
dollar NN I-NP
at IN B-PP
its PRP$ B-NP
recent JJ I-NP
levels NNS I-NP
against IN B-PP
the DT B-NP
Japanese JJ I-NP
currency NN I-NP
. . O

Mr. NNP B-NP
Beale NNP I-NP
commented VBD B-VP
that IN B-SBAR
the DT B-NP
mark NN I-NP
remains VBZ B-VP
well JJ B-ADJP
bid NN I-ADJP
against IN B-PP
other JJ B-NP
currencies NNS I-NP
as IN B-ADVP
well RB I-ADVP
. . O

Robert NNP B-NP
White NNP I-NP
, , O
manager NN B-NP
of IN B-PP
corporate JJ B-NP
trading NN I-NP
at IN B-PP
First NNP B-NP
Interstate NNP I-NP
of IN B-PP
California NNP B-NP
, , O
called VBD B-VP
the DT B-NP
market NN I-NP
`` `` O
psychologically RB B-ADJP
pro-mark JJ I-ADJP
, , O
'' '' O
noting VBG B-VP
that IN B-SBAR
the DT B-NP
U.S. NNP I-NP
remains VBZ B-VP
a DT B-NP
`` `` I-NP
veritable JJ I-NP
grab NN I-NP
bag NN I-NP
'' '' O
for IN B-PP
Japanese JJ B-NP
investors NNS I-NP
which WDT B-NP
accounts NNS B-VP
for IN B-PP
the DT B-NP
unabated JJ I-NP
demand NN I-NP
for IN B-PP
U.S. NNP B-NP
dollars NNS I-NP
. . O

On IN B-PP
the DT B-NP
Commodity NNP I-NP
Exchange NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
gold NN B-NP
dropped VBD B-VP
$ $ B-NP
1.60 CD I-NP
to TO B-PP
$ $ B-NP
367.10 CD I-NP
an DT B-NP
ounce NN I-NP
in IN B-PP
moderate JJ B-NP
trading NN I-NP
. . O

Estimated VBN B-NP
volume NN I-NP
was VBD B-VP
three CD B-NP
million CD I-NP
ounces NNS I-NP
. . O

In IN B-PP
early JJ B-NP
trading NN I-NP
in IN B-PP
Hong NNP B-NP
Kong NNP I-NP
Friday NNP B-NP
, , O
gold NN B-NP
was VBD B-VP
at IN B-PP
about RB B-NP
$ $ I-NP
366.85 CD I-NP
an DT B-NP
ounce NN I-NP
. . O

Hotel NNP B-NP
Investors NNP I-NP
Trust NNP I-NP
and CC O
its PRP$ B-NP
affiliate NN I-NP
, , O
Hotel NNP B-NP
Investors NNP I-NP
Corp. NNP I-NP
, , O
said VBD B-VP
the DT B-NP
companies NNS I-NP
plan VBP B-VP
to TO I-VP
sell VB I-VP
all DT B-NP
of IN B-PP
the DT B-NP
hotels NNS I-NP
the DT B-NP
companies NNS I-NP
own JJ B-VP
and CC I-VP
operate VB I-VP
, , O
except IN B-PP
for IN B-PP
two CD B-NP
hotel-casinos NNS I-NP
in IN B-PP
Las NNP B-NP
Vegas NNP I-NP
, , O
Nev NNP B-NP
. . O

The DT B-NP
hotels NNS I-NP
and CC I-NP
management NN I-NP
interests NNS I-NP
will MD B-VP
be VB I-VP
sold VBN I-VP
at IN B-PP
an DT B-NP
auction NN I-NP
, , O
said VBD B-VP
John NNP B-NP
Rothman NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
the DT B-NP
trust NN I-NP
and CC O
a DT B-NP
director NN I-NP
of IN B-PP
the DT B-NP
corporation NN I-NP
. . O

Value NNP B-NP
of IN B-PP
the DT B-NP
properties NNS I-NP
and CC I-NP
management NN I-NP
interests NNS I-NP
was VBD B-VP
n't RB I-VP
disclosed VBN I-VP
. . O

In IN B-PP
all DT B-NP
, , O
the DT B-NP
Los NNP I-NP
Angeles-based JJ I-NP
trust NN I-NP
plans NNS B-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
interests NNS I-NP
in IN B-PP
36 CD B-NP
hotels NNS I-NP
, , O
while IN B-SBAR
the DT B-NP
corporation NN I-NP
will MD B-VP
sell VB I-VP
its PRP$ B-NP
management NN I-NP
interests NNS I-NP
in IN B-PP
32 CD B-NP
of IN B-PP
those DT B-NP
properties NNS I-NP
. . O

Excluded VBN B-VP
from IN B-PP
the DT B-NP
sale NN I-NP
are VBP B-VP
the DT B-NP
interests NNS I-NP
of IN B-PP
the DT B-NP
trust NN I-NP
and CC O
the DT B-NP
corporation NN I-NP
in IN B-PP
two CD B-NP
Las NNP I-NP
Vegas NNP I-NP
hotel-casinos NNS I-NP
. . O

After IN B-PP
completing VBG B-VP
the DT B-NP
sale NN I-NP
and CC O
paying VBG B-VP
debts NNS B-NP
, , O
the DT B-NP
trust NN I-NP
and CC I-NP
corporation NN I-NP
will MD B-VP
consider VB I-VP
a DT B-NP
number NN I-NP
of IN B-PP
options NNS B-NP
including VBG B-PP
a DT B-NP
stock NN I-NP
repurchase NN I-NP
, , O
payment NN B-NP
of IN B-PP
special JJ B-NP
dividend NN I-NP
or CC O
investment NN B-NP
in IN B-PP
more JJR B-NP
gaming NN I-NP
properties NNS I-NP
. . O

The DT B-NP
companies NNS I-NP
will MD B-VP
retain VB I-VP
their PRP$ B-NP
current JJ I-NP
regular JJ I-NP
quarterly JJ I-NP
dividend NN I-NP
of IN B-PP
25 CD B-NP
cents NNS I-NP
during IN B-PP
the DT B-NP
sale NN I-NP
process NN I-NP
, , O
Mr. NNP B-NP
Rothman NNP I-NP
said VBD B-VP
. . O

For IN B-PP
the DT B-NP
first JJ I-NP
six CD I-NP
months NNS I-NP
, , O
the DT B-NP
trust NN I-NP
and CC I-NP
corporation NN I-NP
had VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
244,000 CD I-NP
. . O

Baxter NNP B-NP
International NNP I-NP
Inc. NNP I-NP
, , O
citing VBG B-VP
cost-cutting JJ B-NP
moves NNS I-NP
and CC O
increased VBN B-NP
sales NNS I-NP
of IN B-PP
its PRP$ B-NP
home-care JJ I-NP
products NNS I-NP
and CC I-NP
dialysis NN I-NP
treatments NNS I-NP
, , O
posted VBD B-VP
a DT B-NP
20 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
on IN B-PP
a DT B-NP
5.9 CD I-NP
% NN I-NP
sales NNS I-NP
boost NN I-NP
. . O

The DT B-NP
Deerfield NNP I-NP
, , I-NP
Ill. NNP I-NP
, , I-NP
medical JJ I-NP
products NNS I-NP
and CC I-NP
services NNS I-NP
company NN I-NP
posted VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
102 CD I-NP
million CD I-NP
, , O
or CC O
34 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
85 CD I-NP
million CD I-NP
, , O
or CC O
28 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Sales NNS B-NP
totaled VBD B-VP
$ $ B-NP
1.81 CD I-NP
billion CD I-NP
up IN B-ADVP
from IN B-PP
$ $ B-NP
1.71 CD I-NP
billion CD I-NP
the DT B-NP
previous JJ I-NP
year NN I-NP
. . O

For IN B-PP
the DT B-NP
nine-month JJ I-NP
period NN I-NP
, , O
Baxter NNP B-NP
said VBD B-VP
net NN B-NP
rose VBD B-VP
15 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
307 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.02 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
267 CD I-NP
million CD I-NP
, , O
or CC O
89 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
during IN B-PP
the DT B-NP
year-ago JJ I-NP
period NN I-NP
. . O

Sales NNS B-NP
for IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
were VBD B-VP
up IN B-ADVP
8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
5.44 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
5.04 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
same JJ I-NP
period NN I-NP
in IN B-PP
1988 CD B-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Baxter NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
22.25 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
12.5 CD B-NP
cents NNS I-NP
. . O

A DT B-NP
group NN I-NP
bidding NN B-VP
for IN B-PP
American NNP B-NP
Medical NNP I-NP
International NNP I-NP
Inc. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
said VBD B-VP
it PRP B-NP
formally RB B-VP
received VBD I-VP
the DT B-NP
final JJ I-NP
financing NN I-NP
needed VBN B-VP
for IN B-PP
a DT B-NP
$ $ I-NP
3 CD I-NP
billion CD I-NP
bid NN I-NP
for IN B-PP
about IN B-NP
86 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
hospital NN I-NP
operator NN I-NP
's POS B-NP
stock NN I-NP
. . O

The DT B-NP
offer NN I-NP
from IN B-PP
IMA NNP B-NP
Acquisition NNP I-NP
Corp. NNP I-NP
, , O
for IN B-PP
as RB B-NP
many JJ I-NP
as IN I-NP
63 CD I-NP
million CD I-NP
shares NNS I-NP
, , O
is VBZ B-VP
set VBN I-VP
to TO I-VP
expire VB I-VP
Wednesday NNP B-NP
. . O

Earlier RBR B-NP
this DT I-NP
month NN I-NP
, , O
IMA NNP B-NP
said VBD B-VP
it PRP B-NP
had VBD B-VP
received VBN I-VP
about RB B-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
of IN B-PP
senior JJ B-NP
debt NN I-NP
financing NN I-NP
from IN B-PP
Chemical NNP B-NP
Bank NNP I-NP
and CC O
six CD B-NP
other JJ I-NP
banks NNS I-NP
; : O
Chemical NNP B-NP
Bank NNP I-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
`` `` B-ADJP
highly RB I-ADJP
confident JJ I-ADJP
'' '' O
it PRP B-NP
could MD B-VP
arrange VB I-VP
the DT B-NP
balance NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
509 CD I-NP
million CD I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
the DT B-NP
$ $ I-NP
3 CD I-NP
billion CD I-NP
bid NN I-NP
includes VBZ B-VP
$ $ B-NP
1 CD I-NP
billion CD I-NP
of IN B-PP
debt NN B-NP
that WDT B-NP
will MD B-VP
be VB I-VP
assumed VBN I-VP
by IN B-PP
IMA NNP B-NP
, , O
$ $ B-NP
600 CD I-NP
million CD I-NP
of IN B-PP
high-yield JJ B-NP
junk NN I-NP
bonds NNS I-NP
that WDT B-NP
will MD B-VP
be VB I-VP
sold VBN I-VP
by IN B-PP
First NNP B-NP
Boston NNP I-NP
Corp. NNP I-NP
and CC O
$ $ B-NP
285 CD I-NP
million CD I-NP
of IN B-PP
equity NN B-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
American NNP B-NP
Medical NNP I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
23.625 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.875 CD I-NP
. . O

American NNP B-NP
Medical NNP I-NP
has VBZ B-VP
agreed VBN I-VP
to TO B-PP
the DT B-NP
offer NN I-NP
, , O
but CC O
earlier RBR B-NP
this DT I-NP
month NN I-NP
said VBD B-VP
it PRP B-NP
had VBD B-VP
received VBN I-VP
new JJ B-NP
`` `` I-NP
expressions NNS I-NP
of IN B-PP
interest NN B-NP
'' '' O
from IN B-PP
two CD B-NP
previous JJ I-NP
bidders NNS I-NP
. . O

American NNP B-NP
Medical NNP I-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
pursue VB I-VP
the DT B-NP
inquiries NNS I-NP
from IN B-PP
the DT B-NP
companies NNS I-NP
, , O
but CC O
would MD B-VP
n't RB I-VP
identify VB I-VP
them PRP B-NP
unless IN B-SBAR
they PRP B-NP
make VBP B-VP
firm NN B-NP
offers NNS I-NP
. . O

H&R NNP B-NP
Block NNP I-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
the DT B-NP
great JJ I-NP
success NN I-NP
stories NNS I-NP
of IN B-PP
U.S. NNP B-NP
business NN I-NP
. . O

Oddly RB B-ADVP
enough RB I-ADVP
, , O
this DT B-NP
presents VBZ B-VP
a DT B-NP
problem NN I-NP
for IN B-PP
the DT B-NP
stock NN I-NP
. . O

Some DT B-NP
money NN I-NP
managers NNS I-NP
are VBP B-VP
disenchanted VBN I-VP
with IN B-PP
H&R NNP B-NP
Block NNP I-NP
because IN B-SBAR
they PRP B-NP
suspect VBP B-VP
the DT B-NP
company NN I-NP
's POS B-NP
glory NN I-NP
days NNS I-NP
are VBP B-VP
past JJ B-ADJP
, , O
or CC O
at IN B-VP
least JJS I-VP
passing VBG I-VP
. . O

Block NNP B-NP
's POS B-NP
tax-preparation NN I-NP
business NN I-NP
is VBZ B-VP
mature JJ B-ADJP
, , O
they PRP B-NP
say VBP B-VP
, , O
and CC O
some DT B-NP
of IN B-PP
its PRP$ B-NP
diversifications NNS I-NP
are VBP B-VP
facing VBG I-VP
tough JJ B-NP
competition NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
no DT B-NP
secret NN I-NP
that IN B-SBAR
Block NNP B-NP
dominates VBZ B-VP
the DT B-NP
mass-market JJ I-NP
tax-preparation NN I-NP
business NN I-NP
. . O

The DT B-NP
Street NNP I-NP
knows VBZ B-VP
all DT B-PP
about IN I-PP
the DT B-NP
predictability NN I-NP
of IN B-PP
its PRP$ B-NP
earnings NNS I-NP
, , O
which WDT B-NP
are VBP B-VP
headed VBN I-VP
for IN B-PP
a DT B-NP
ninth JJ I-NP
consecutive JJ I-NP
yearly JJ I-NP
increase NN I-NP
. . O

The DT B-NP
company NN I-NP
has VBZ B-VP
consistently RB I-VP
earned VBN I-VP
more JJR B-NP
than IN B-PP
a DT B-NP
20 CD I-NP
% NN I-NP
annual JJ I-NP
return NN I-NP
on IN B-PP
its PRP$ B-NP
net JJ I-NP
worth NN I-NP
while IN B-SBAR
many JJ B-NP
companies NNS I-NP
would MD B-VP
be VB I-VP
happy JJ B-ADJP
with IN B-PP
15 CD B-NP
% NN I-NP
. . O

But CC O
the DT B-NP
tax-preparation NN I-NP
business NN I-NP
simply RB B-ADVP
has VBZ B-VP
no DT B-NP
more JJR I-NP
room NN I-NP
to TO B-VP
grow VB I-VP
, , O
says VBZ B-VP
Mark NNP B-NP
Cremonie NNP I-NP
, , O
director NN B-NP
of IN B-PP
research NN B-NP
for IN B-PP
Capital NNP B-NP
Supervisors NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
Chicago NNP I-NP
firm NN I-NP
that WDT B-NP
manages VBZ B-VP
$ $ B-NP
6.5 CD I-NP
billion CD I-NP
. . O

`` `` O
You PRP B-NP
go VBP B-VP
to TO B-PP
any DT B-NP
medium-sized JJ I-NP
town NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC O
you PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
see VB I-VP
H&R NNP B-NP
Block NNP I-NP
tax NN I-NP
services NNS I-NP
. . O
'' '' O

Mr. NNP B-NP
Cremonie NNP I-NP
's POS B-NP
firm NN I-NP
once RB B-ADVP
held VBD B-VP
about IN B-NP
4.8 CD I-NP
% NN I-NP
of IN B-PP
H&R NNP B-NP
Block NNP I-NP
. . O

That DT B-NP
was VBD B-VP
before IN B-SBAR
the DT B-NP
1986 CD I-NP
tax NN I-NP
`` `` I-NP
reform NN I-NP
'' '' O
made VBN B-VP
taxes NNS B-NP
more RBR B-ADJP
complex JJ I-ADJP
than IN B-PP
ever RB B-NP
. . O

`` `` O
One CD B-NP
thing NN I-NP
you PRP B-NP
can MD B-VP
bet VB I-VP
on IN B-PP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
is VBZ B-VP
that IN B-SBAR
Congress NNP B-NP
will MD B-VP
do VB I-VP
stupid JJ B-NP
things NNS I-NP
with IN B-PP
the DT B-NP
Tax NNP I-NP
Code NNP I-NP
. . O
'' '' O

But CC O
Capital NNP B-NP
Supervisors NNP I-NP
sold VBN B-VP
the DT B-NP
last NN I-NP
of IN B-PP
its PRP$ B-NP
H&R NNP I-NP
Block NNP I-NP
holdings NNS I-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
. . O

`` `` O
They PRP B-NP
're VBP B-VP
thrashing VBG I-VP
around IN B-ADVP
for IN B-PP
diversification NN B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
their PRP$ B-NP
businesses NNS I-NP
are VBP B-VP
just RB B-ADJP
so-so JJ I-ADJP
. . O
'' '' O

Last JJ B-NP
week NN I-NP
the DT B-NP
stock NN I-NP
hit VBD B-VP
an DT B-NP
all-time JJ I-NP
high NN I-NP
of IN B-PP
37 CD B-NP
1\/4 CD I-NP
before IN B-PP
getting VBG B-VP
roughed VBD I-VP
up IN B-PRT
in IN B-PP
the DT B-NP
Friday-the-13th JJ I-NP
minicrash NN I-NP
. . O

It PRP B-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
34 CD B-NP
3\/4 CD I-NP
. . O

To TO B-VP
be VB I-VP
sure JJ B-ADJP
, , O
the DT B-NP
stock NN I-NP
still RB B-ADVP
has VBZ B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
fans NNS B-NP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
invested VBD B-VP
$ $ B-NP
10,000 CD I-NP
in IN B-PP
the DT B-NP
initial JJ I-NP
public JJ I-NP
offering NN I-NP
in IN B-PP
1962 CD B-NP
, , O
it PRP B-NP
would MD B-VP
be VB I-VP
worth JJ B-ADJP
well RB B-NP
over IN I-NP
$ $ I-NP
5 NN I-NP
million CD I-NP
today NN B-NP
, , O
'' '' O
says VBZ B-VP
Fredric NNP B-NP
E. NNP I-NP
Russell NNP I-NP
, , O
a DT B-NP
Tulsa NNP I-NP
, , I-NP
Okla. NNP I-NP
, , I-NP
money NN I-NP
manager NN I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
what WP B-NP
the DT B-NP
risk NN I-NP
is VBZ B-VP
-LCB- ( O
of IN B-PP
holding VBG B-VP
the DT B-NP
stock NN I-NP
-RCB- ) O
. . O

Taxes NNS B-NP
are VBP B-VP
not RB I-VP
going VBG I-VP
out IN B-ADJP
of IN B-PP
business NN B-NP
. . O
'' '' O

Many JJ B-NP
of IN B-PP
his PRP$ B-NP
peers NNS I-NP
feel VBP B-VP
the DT B-NP
same JJ I-NP
way NN I-NP
. . O

The DT B-NP
number NN I-NP
of IN B-PP
big JJ B-NP
institutions NNS I-NP
that IN B-NP
own JJ B-VP
H&R NNP B-NP
Block NNP I-NP
shares NNS I-NP
is VBZ B-VP
207 CD B-NP
and CC O
growing VBG B-VP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
midyear NN I-NP
tally NN I-NP
by IN B-PP
CDA NNP B-NP
Investment NNP I-NP
Technologies NNP I-NP
. . O

Brokerage NN B-NP
houses NNS I-NP
are VBP B-VP
sweet JJ B-ADJP
on IN B-PP
H&R NNP B-NP
Block NNP I-NP
, , O
too RB B-ADVP
. . O

Zacks NNP B-NP
Investment NNP I-NP
Research NNP I-NP
counts NNS B-VP
five CD B-NP
brokerage NN I-NP
houses NNS I-NP
that WDT B-NP
consider VBP B-VP
the DT B-NP
stock NN I-NP
a DT B-NP
buy NN I-NP
, , O
and CC O
four CD B-NP
that WDT B-NP
call VBP B-VP
it PRP B-NP
a DT B-NP
hold NN I-NP
. . O

None NN B-NP
dare NN B-VP
say VBP I-VP
to TO B-VP
sell VB I-VP
it PRP B-NP
. . O

But CC O
some DT B-NP
money NN I-NP
managers NNS I-NP
are VBP B-VP
doing VBG I-VP
just RB B-NP
that DT I-NP
. . O

Eugene NNP B-NP
Sit VB I-NP
, , O
president NN B-NP
of IN B-PP
Sit VB B-NP
Investment NNP I-NP
Associates NNPS I-NP
in IN B-PP
Minneapolis NNP B-NP
, , O
says VBZ B-VP
, , O
`` `` O
When WRB B-ADVP
we PRP B-NP
bought VBD B-VP
it PRP B-NP
, , O
we PRP B-NP
thought VBD B-VP
the DT B-NP
growth NN I-NP
rate NN I-NP
was VBD B-VP
going VBG I-VP
to TO I-VP
accelerate VB I-VP
'' '' O
because IN B-PP
of IN I-PP
computerized JJ B-NP
tax NN I-NP
filing NN I-NP
and CC O
instant NN B-NP
refunds NNS I-NP
-LRB- ( O
the DT B-NP
customer NN I-NP
gets VBZ B-VP
a DT B-NP
refund NN I-NP
immediately RB B-ADVP
but CC O
pays VBZ B-VP
extra JJ B-NP
to TO B-PP
the DT B-NP
tax NN I-NP
preparer NN I-NP
, , O
which WDT B-NP
waits VBZ B-VP
for IN B-PP
Uncle NNP B-NP
Sam NNP I-NP
's POS B-NP
check NN I-NP
-RRB- ) O
. . O

But CC O
neither DT B-NP
of IN B-PP
those DT B-NP
developments NNS I-NP
did VBD B-VP
much JJ B-NP
to TO B-VP
juice NN I-VP
up IN B-PRT
growth NN B-NP
, , O
Mr. NNP B-NP
Sit VB I-NP
says VBZ B-VP
. . O

He PRP B-NP
figures VBZ B-VP
Block NNP B-NP
earnings NNS I-NP
are VBP B-VP
now RB I-VP
growing VBG I-VP
at IN B-PP
about IN B-NP
a DT I-NP
10 CD I-NP
% NN I-NP
annual JJ I-NP
rate NN I-NP
-LRB- ( O
down RB B-ADVP
from IN B-PP
about IN B-NP
14 CD I-NP
% NN I-NP
the DT B-NP
past JJ I-NP
five CD I-NP
years NNS I-NP
-RRB- ) O
and CC O
will MD B-VP
grow VB I-VP
at IN B-PP
an DT B-NP
8%-10 JJ I-NP
% NN I-NP
rate NN I-NP
in IN B-PP
the DT B-NP
future NN I-NP
. . O

That DT B-NP
's VBZ B-VP
`` `` O
not RB B-ADJP
bad JJ I-ADJP
, , O
'' '' O
Mr. NNP B-NP
Sit VB I-NP
says VBZ B-VP
, , O
but CC O
it PRP B-NP
sure JJ B-ADVP
does VBZ B-VP
n't RB I-VP
justify VB I-VP
Block NNP B-NP
shares NNS I-NP
being VBG B-VP
priced VBN I-VP
at IN B-PP
15 CD B-NP
to TO I-NP
16 CD I-NP
times NNS I-NP
estimated VBD I-NP
earnings NNS I-NP
for IN B-PP
fiscal JJ B-NP
1990 CD I-NP
. . O

He PRP B-NP
wants VBZ B-VP
stocks NNS B-NP
whose WP$ B-NP
price\/earnings NNS I-NP
ratio NN I-NP
is VBZ B-VP
less JJR B-ADJP
than IN B-PP
their PRP$ B-NP
growth NN I-NP
rate NN I-NP
; : O
as IN B-SBAR
he PRP B-NP
figures VBZ B-VP
it PRP B-NP
, , O
H&R NNP B-NP
Block NNP I-NP
does VBZ B-VP
n't RB I-VP
even RB I-VP
come VB I-VP
close NN B-ADVP
. . O

Two CD B-NP
other JJ I-NP
money NN I-NP
managers NNS I-NP
, , O
in IN B-PP
explaining VBG B-VP
why WRB B-ADVP
they PRP B-NP
have VBP B-VP
sold VBN I-VP
large JJ B-NP
amounts NNS I-NP
of IN B-PP
H&R NNP B-NP
Block NNP I-NP
stock NN I-NP
this DT B-NP
year NN I-NP
, , O
spoke VBD B-VP
on IN B-PP
the DT B-NP
condition NN I-NP
they PRP B-NP
not RB O
be VBP B-VP
named VBN I-VP
. . O

`` `` O
The DT B-NP
stock NN I-NP
was VBD B-VP
going VBG I-VP
no DT B-NP
place NN I-NP
and CC O
the DT B-NP
earnings NNS I-NP
were VBD B-VP
so-so JJ B-ADJP
, , O
'' '' O
said VBD B-VP
one CD B-NP
. . O

-LRB- ( O
In IN B-PP
the DT B-NP
past JJ I-NP
two CD I-NP
years NNS I-NP
, , O
the DT B-NP
stock NN I-NP
almost RB B-ADVP
stalled VBD B-VP
out RB B-PRT
. . O

It PRP B-NP
was VBD B-VP
above IN B-PP
33 CD B-NP
, , O
adjusted VBN B-VP
for IN B-PP
a DT B-NP
subsequent JJ I-NP
split NN I-NP
, , O
in IN B-PP
1987 CD B-NP
, , O
and CC O
has VBZ B-VP
n't RB I-VP
gotten VBN I-VP
much RB B-ADJP
higher JJR I-ADJP
since IN B-ADVP
. . O
-RRB- ) O

`` `` O
There EX B-NP
's VBZ B-VP
no DT B-NP
more JJR I-NP
growth NN I-NP
in IN B-PP
the DT B-NP
tax NN I-NP
business NN I-NP
-LCB- ( O
except IN O
-RCB- ) O
for IN B-PP
increasing VBG B-NP
prices NNS I-NP
, , O
'' '' O
the DT B-NP
money NN I-NP
manager NN I-NP
added VBD B-VP
. . O

The DT B-NP
CompuServe NNP I-NP
subsidiary NN I-NP
-LRB- ( O
which WDT B-NP
provides VBZ B-VP
information NN B-NP
to TO B-PP
home-computer NN B-NP
users NNS I-NP
-RRB- ) O
is VBZ B-VP
`` `` O
where WRB B-ADVP
the DT B-NP
growth NN I-NP
is VBZ B-VP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
, , O
but CC O
its PRP$ B-NP
format NN I-NP
is VBZ B-VP
`` `` O
still RB B-ADVP
too RB B-ADJP
complicated VBN I-ADJP
. . O
'' '' O

CompuServe NNP B-NP
provides VBZ B-VP
about IN B-NP
20 CD I-NP
% NN I-NP
of IN B-PP
both DT B-NP
sales NNS I-NP
and CC I-NP
earnings NNS I-NP
. . O

The DT B-NP
tax NN I-NP
business NN I-NP
still RB B-ADVP
provides VBZ B-VP
about IN B-NP
70 CD I-NP
% NN I-NP
of IN B-PP
earnings NNS B-NP
, , O
on IN B-PP
about IN B-NP
50 CD I-NP
% NN I-NP
of IN B-PP
sales NNS B-NP
. . O

Personnel NNP B-NP
Pool NNP I-NP
-LRB- ( O
temporary JJ B-NP
workers NNS I-NP
, , O
mostly RB B-PP
in IN I-PP
the DT B-NP
health-care NN I-NP
area NN I-NP
-RRB- ) O
chips NNS B-VP
in IN B-PRT
close RB B-NP
to TO I-NP
25 CD I-NP
% NN I-NP
of IN B-PP
sales NNS B-NP
but CC O
only RB B-NP
about IN I-NP
9 CD I-NP
% NN I-NP
of IN B-PP
earnings NNS B-NP
. . O

The DT B-NP
shortage NN I-NP
of IN B-PP
nurses NNS B-NP
is VBZ B-VP
crimping VBG I-VP
profit NN B-NP
at IN B-PP
Personnel NNP B-NP
Pool NNP I-NP
, , O
said VBD B-VP
the DT B-NP
second JJ I-NP
money NN I-NP
manager NN I-NP
. . O

He PRP B-NP
concedes VBZ B-VP
H&R NNP B-NP
Block NNP I-NP
is VBZ B-VP
`` `` O
well-entrenched JJ B-ADJP
'' '' O
and CC O
`` `` O
a DT B-NP
great JJ I-NP
company NN I-NP
, , O
'' '' O
but CC O
says VBZ B-VP
`` `` O
it PRP B-NP
does VBZ B-VP
n't RB I-VP
grow VB I-VP
fast RB B-ADVP
enough RB I-ADVP
for IN B-PP
us PRP B-NP
. . O

We PRP B-NP
're VBP B-VP
looking VBG I-VP
for IN B-PP
something NN B-NP
that WDT B-NP
grows VBZ B-VP
faster RBR B-ADVP
and CC O
sells VBZ B-VP
at IN B-PP
a DT B-NP
comparable JJ I-NP
-LCB- ( O
price-earnings JJ O
-RCB- ) O
multiple JJ B-NP
. . O
'' '' O

Thomas NNP B-NP
M. NNP I-NP
Bloch NNP I-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
, , O
says VBZ B-VP
`` `` O
I PRP B-NP
would MD B-VP
disagree VB I-VP
'' '' O
that IN B-SBAR
the DT B-NP
tax NN I-NP
business NN I-NP
is VBZ B-VP
mature JJ B-ADJP
. . O

For IN B-PP
example NN B-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
the DT B-NP
company NN I-NP
is VBZ B-VP
planning VBG I-VP
to TO I-VP
go VB I-VP
nationwide JJ B-ADJP
with IN B-PP
a DT B-NP
new JJ I-NP
service NN I-NP
, , O
tested VBN B-VP
in IN B-PP
parts NNS B-NP
of IN B-PP
the DT B-NP
country NN I-NP
, , O
aimed VBN B-VP
at IN B-PP
taxpayers NNS B-NP
who WP B-NP
want VBP B-VP
refunds NNS B-NP
in IN B-PP
a DT B-NP
hurry NN I-NP
. . O

Mr. NNP B-NP
Bloch NNP I-NP
concedes VBZ B-VP
that IN B-SBAR
a DT B-NP
recent JJ I-NP
diversification NN I-NP
attempt NN I-NP
fell VBD B-VP
through RB B-PRT
. . O

`` `` O
We PRP B-NP
're VBP B-VP
still RB B-ADVP
interested JJ B-ADJP
-LCB- ( O
in IN B-PP
diversifying VBG B-NP
-RCB- ) O
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
but CC O
we PRP B-NP
'd MD B-VP
rather RB I-VP
be VB I-VP
prudent JJ B-ADJP
than IN B-SBAR
make NN B-VP
a DT B-NP
mistake NN I-NP
. . O
'' '' O

He PRP B-NP
also RB B-ADVP
says VBZ B-VP
CompuServe NNP B-NP
's POS B-NP
earnings NNS I-NP
continue VBP B-VP
to TO I-VP
grow VB I-VP
`` `` O
20 CD B-NP
% NN I-NP
to TO O
30 CD B-NP
% NN I-NP
a DT B-NP
year NN I-NP
'' '' O
in IN B-PP
spite NN B-NP
of IN B-PP
tough JJ B-NP
competition NN I-NP
from IN B-PP
giants NNS B-NP
like IN B-PP
Sears NNP B-NP
and CC I-NP
IBM NNP I-NP
. . O

And CC O
he PRP B-NP
says VBZ B-VP
Block NNP B-NP
's POS B-NP
other JJ I-NP
businesses NNS I-NP
are VBP B-VP
growing VBG I-VP
, , O
although IN B-SBAR
less RBR B-ADVP
consistently RB I-ADVP
. . O

H&R NNP B-NP
Block NNP I-NP
-LRB- ( O
NYSE NNP B-NP
; : O
Symbol:HRB NNP B-NP
-RRB- ) O

Business NN B-NP
: : O
Tax NNP B-NP
Preparation NN I-NP

Year NN B-NP
ended VBN B-VP
April NNP B-NP
30 CD I-NP
, , I-NP
1989 CD I-NP
: : O

Revenue NN B-NP
: : O
$ $ B-NP
899.6 CD I-NP
million CD I-NP

Net JJ B-NP
loss NN I-NP
: : O
$ $ B-NP
100.2 CD I-NP
million CD I-NP
; : O
$ $ B-NP
1.90 CD I-NP
a DT B-NP
share NN I-NP

First JJ B-NP
quarter NN I-NP
, , O
July NNP B-NP
31 CD I-NP
, , I-NP
1989 CD I-NP
: : O

Per-share JJ B-NP
earnings NNS I-NP
: : O
Loss NN B-NP
of IN B-PP
8 CD B-NP
cents NNS I-NP
vs. IN O
loss NN B-NP
of IN B-PP
9 CD B-NP
cents NNS I-NP

Average NNP B-NP
daily JJ I-NP
trading NN I-NP
volume NN I-NP
: : O
145,954 CD B-NP
shares NNS I-NP

Philips NNP B-NP
Industries NNP I-NP
Inc. NNP I-NP
said VBD B-VP
its PRP$ B-NP
board NN I-NP
authorized VBD B-VP
the DT B-NP
redemption NN I-NP
Dec. NNP B-NP
6 CD I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
$ $ B-ADJP
1 CD O
cumulative JJ B-NP
convertible JJ I-NP
special JJ I-NP
preferred JJ I-NP
stock NN I-NP
at IN B-PP
$ $ B-NP
37.50 CD I-NP
a DT B-NP
share NN I-NP
, , O
not RB B-PP
including VBG I-PP
a DT B-NP
25 CD I-NP
cent NN I-NP
dividend NN I-NP
for IN B-PP
the DT B-NP
current JJ I-NP
quarter NN I-NP
, , O
and CC O
the DT B-NP
$ $ I-NP
3 CD I-NP
cumulative JJ I-NP
convertible JJ I-NP
preferred JJ I-NP
stock NN I-NP
at IN B-PP
$ $ B-NP
75 CD I-NP
, , O
plus CC B-PP
a DT B-NP
75 CD I-NP
cent NN I-NP
dividend NN I-NP
for IN B-PP
the DT B-NP
current JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
Dayton NNP I-NP
, , I-NP
Ohio NNP I-NP
, , I-NP
maker NN I-NP
of IN B-PP
parts NNS B-NP
for IN B-PP
the DT B-NP
building NN I-NP
and CC I-NP
transportation NN I-NP
industries NNS I-NP
said VBD B-VP
holders NNS B-NP
of IN B-PP
the DT B-NP
two CD I-NP
issues NNS I-NP
can MD B-VP
convert VB I-VP
their PRP$ B-NP
stock NN I-NP
into IN B-PP
common JJ B-NP
shares NNS I-NP
through IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
business NNP B-NP
Dec. NNP B-NP
1 CD I-NP
. . O

Each DT B-NP
$ $ I-NP
1 CD I-NP
cumulative JJ I-NP
share NN I-NP
can MD B-VP
be VB I-VP
converted VBN I-VP
into IN B-PP
4.92 CD B-NP
common JJ I-NP
shares NNS I-NP
; : O
the DT B-NP
ratio NN I-NP
on IN B-PP
the DT B-NP
$ $ I-NP
3 CD I-NP
cumulative JJ I-NP
is VBZ B-VP
eight CD B-NP
common JJ I-NP
shares NNS I-NP
for IN B-PP
each DT B-NP
$ $ I-NP
3 CD I-NP
cumulative JJ I-NP
preferred JJ I-NP
. . O

Philips NNP B-NP
did VBD B-VP
n't RB I-VP
indicate VB I-VP
how WRB B-ADVP
many JJ O
shares NNS B-NP
outstanding JJ B-ADJP
it PRP B-NP
has VBZ B-VP
of IN B-PP
either DT B-NP
issue NN I-NP
. . O

Company NN B-NP
officials NNS I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
. . O

Earlier RBR B-NP
this DT I-NP
month NN I-NP
the DT B-NP
company NN I-NP
said VBD B-VP
its PRP$ B-NP
board NN I-NP
approved VBD B-VP
a DT B-NP
proposed VBN I-NP
management-led JJ I-NP
leveraged JJ I-NP
buy-out NN I-NP
at IN B-PP
$ $ B-NP
25.50 CD I-NP
a DT B-NP
share NN I-NP
, , O
or CC O
$ $ B-NP
750 CD I-NP
million CD I-NP
. . O

-LRB- ( O
During IN B-PP
its PRP$ B-NP
centennial NN I-NP
year NN I-NP
, , O
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
will MD B-VP
report VB I-VP
events NNS B-NP
of IN B-PP
the DT B-NP
past JJ I-NP
century NN I-NP
that WDT B-NP
stand VBP B-VP
as IN B-PP
milestones NNS B-NP
of IN B-PP
American JJ B-NP
business NN I-NP
history NN I-NP
. . O
-RRB- ) O

PUTS NNPS B-NP
AND CC I-NP
CALLS NNPS I-NP
, , O
STOCK NNP B-NP
MARKET NNP I-NP
PATOIS NNP I-NP
for IN B-PP
options NNS B-NP
to TO B-VP
sell VB I-VP
or CC I-VP
buy VB I-VP
a DT B-NP
company NN I-NP
's POS B-NP
shares NNS I-NP
, , O
were VBD B-VP
long JJ B-ADVP
an DT B-NP
arcane JJ I-NP
Wall NNP I-NP
Street NNP I-NP
art NN I-NP
best RBS B-VP
left VBN I-VP
to TO B-PP
the DT B-NP
experts NNS I-NP
, , O
who WP B-NP
used VBD B-VP
them PRP B-NP
either DT O
as IN B-PP
a DT B-NP
hedge NN I-NP
or CC B-PP
for IN B-PP
pure JJ B-NP
speculation NN I-NP
. . O

Options NNS B-NP
lost VBD B-VP
some DT B-NP
of IN B-PP
their PRP$ B-NP
mystery NN I-NP
in IN B-PP
1973 CD B-NP
when WRB B-ADVP
the DT B-NP
Chicago NNP I-NP
Board NNP I-NP
of IN B-PP
Trade NNP B-NP
set VBD B-VP
up IN B-PRT
a DT B-NP
special JJ I-NP
exchange NN I-NP
to TO B-VP
deal VB I-VP
in IN B-PP
them PRP B-NP
. . O

Until IN B-PP
then RB B-NP
, , O
options NNS B-NP
had VBD B-VP
been VBN I-VP
traded VBN I-VP
only RB B-PP
in IN I-PP
the DT B-NP
over-the-counter JJ I-NP
market NN I-NP
, , O
mostly RB B-PP
in IN I-PP
New NNP B-NP
York NNP I-NP
, , O
and CC B-PP
in IN B-PP
an DT B-NP
almost RB I-NP
invisible JJ I-NP
secondary JJ I-NP
market NN I-NP
operating VBG B-VP
chiefly RB B-ADVP
by IN B-PP
telephone NN B-NP
. . O

The DT B-NP
Chicago NNP I-NP
Board NNP I-NP
of IN B-PP
Trade NNP B-NP
, , O
the DT B-NP
No. NN I-NP
1 CD I-NP
U.S. NNP I-NP
grain NN I-NP
market NN I-NP
, , O
had VBD B-VP
long RB I-VP
chafed VBN I-VP
under IN B-PP
the DT B-NP
attention NN I-NP
won VBN B-VP
by IN B-PP
its PRP$ B-NP
innovative JJ I-NP
archrival NN I-NP
, , O
the DT B-NP
livestock-dealing JJ I-NP
Mercantile NNP I-NP
Exchange NNP I-NP
. . O

So RB O
the DT B-NP
men NNS I-NP
who WP B-NP
ran VBD B-VP
the DT B-NP
grain NN I-NP
pits NNS I-NP
listened VBD B-VP
when WRB B-ADVP
Joseph NNP B-NP
Sullivan NNP I-NP
, , O
a DT B-NP
35-year-old JJ I-NP
former JJ I-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
newsman NN I-NP
, , O
offered VBD B-VP
them PRP B-NP
the DT B-NP
idea NN I-NP
of IN B-PP
all-options JJ B-NP
trading NN I-NP
. . O

After IN B-PP
four CD B-NP
year NN I-NP
of IN B-PP
tinkering NN B-NP
and CC O
$ $ B-NP
2.4 CD I-NP
million CD I-NP
in IN B-PP
seed NN B-NP
money NN I-NP
, , O
the DT B-NP
board NN I-NP
set VBN B-VP
up IN B-PRT
the DT B-NP
new JJ I-NP
marketplace NN I-NP
, , O
titled VBD B-VP
it PRP B-NP
the DT B-NP
Chicago NNP I-NP
Board NNP I-NP
Options NNP I-NP
Exchange NNP I-NP
, , O
and CC O
named VBD B-VP
Sullivan NNP B-NP
its PRP$ B-NP
first JJ I-NP
president NN I-NP
. . O

The DT B-NP
beginnings NNS I-NP
were VBD B-VP
modest JJ B-ADJP
. . O

The DT B-NP
CBOE NNP I-NP
opened VBD B-VP
for IN B-PP
business NN B-NP
on IN B-PP
April NNP B-NP
26 CD I-NP
, , I-NP
1973 CD I-NP
, , O
in IN B-PP
what WP B-NP
had VBD B-VP
been VBN I-VP
a DT O
Board NNP O
of IN B-PP
Trade NNP B-NP
lunchroom NN B-NP
. . O

It PRP B-NP
listed VBD B-VP
just RB B-NP
16 CD I-NP
options NNS I-NP
to TO B-VP
buy VB I-VP
a DT B-NP
`` `` I-NP
pilot NN I-NP
list NN I-NP
'' '' O
of IN B-PP
stocks NNS B-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

-LRB- ( O
Puts VBZ B-NP
, , O
or CC O
sell VB B-NP
options NNS I-NP
, , O
would MD B-VP
not RB I-VP
be VB I-VP
added VBN I-VP
until IN B-PP
1977 CD B-NP
. . O
-RRB- ) O

The DT B-NP
282 CD I-NP
members NNS I-NP
had VBD B-VP
paid VBN I-VP
$ $ B-NP
10,000 CD I-NP
apiece RB B-ADVP
for IN B-PP
seats NNS B-NP
. . O

-LRB- ( O
The DT B-NP
1989 CD I-NP
price NN I-NP
: : O
$ $ B-NP
250,000 CD I-NP
. . O
-RRB- ) O

The DT B-NP
first JJ I-NP
day NN I-NP
's POS B-NP
business NN I-NP
was VBD B-VP
911 CD B-NP
contracts NNS I-NP
-LRB- ( O
each DT B-NP
for IN B-PP
100 CD B-NP
shares NNS I-NP
of IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
listed VBN I-NP
stocks NNS I-NP
-RRB- ) O
. . O

By IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
1973 CD B-NP
, , O
the DT B-NP
number NN I-NP
of IN B-PP
`` `` B-NP
underlying VBG I-NP
'' '' I-NP
Big NNP I-NP
Board NNP I-NP
stocks NNS I-NP
had VBD B-VP
been VBN I-VP
increased VBN I-VP
to TO B-PP
50 CD B-NP
and CC O
the DT B-NP
options NNS I-NP
exchange VBP I-NP
had VBD B-VP
run VBN I-VP
up IN B-PRT
volume NN B-NP
of IN B-PP
1.1 CD B-NP
million CD I-NP
contracts NNS I-NP
. . O

A DT B-NP
year NN I-NP
later RB B-ADVP
, , O
it PRP B-NP
was VBD B-VP
5.7 CD B-NP
million CD I-NP
. . O

Last JJ B-NP
year NN I-NP
, , O
more JJR B-NP
than IN I-NP
1,800 CD I-NP
traders NNS I-NP
on IN B-PP
the DT B-NP
CBOE NNP I-NP
bought VBD B-VP
and CC I-VP
sold VBN I-VP
112 CD B-NP
million CD I-NP
contracts NNS I-NP
on IN B-PP
178 CD B-NP
listed VBN I-NP
stocks NNS I-NP
, , O
60 CD B-NP
% NN I-NP
of IN B-PP
all DT B-NP
U.S. NNP I-NP
listed VBD I-NP
options NNS I-NP
trading NN I-NP
. . O

The DT B-NP
new JJ I-NP
exchange NN I-NP
drew VBD B-VP
instant NN B-NP
recognition NN I-NP
from IN B-PP
an DT B-NP
unwelcome JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
government NN I-NP
, , O
campaigning VBG B-VP
against IN B-PP
fixed VBN B-NP
brokerage NN I-NP
commissions NNS I-NP
, , O
promptly RB B-VP
sued VBD I-VP
the DT B-NP
CBOE NNP I-NP
over IN B-PP
its PRP$ B-NP
minimum-fee JJ I-NP
system NN I-NP
. . O

The DT B-NP
Nuclear NNP I-NP
Regulatory NNP I-NP
Commission NNP I-NP
ruled VBD B-VP
unanimously RB B-ADVP
that IN B-SBAR
the DT B-NP
financial JJ I-NP
troubles NNS I-NP
facing VBG B-VP
the DT B-NP
Seabrook NNP I-NP
, , I-NP
N.H. NNP I-NP
, , I-NP
nuclear-power JJ I-NP
plant NN I-NP
have VBP B-VP
no DT B-NP
impact NN I-NP
on IN B-PP
whether IN B-SBAR
the DT B-NP
plant NN I-NP
receives VBZ B-VP
a DT B-NP
full-power JJ I-NP
license NN I-NP
. . O

Massachusetts NNP B-NP
Attorney NNP I-NP
General NNP I-NP
James NNP I-NP
Shannon NNP I-NP
, , O
opposing VBG B-VP
the DT B-NP
license NN I-NP
, , O
said VBD B-VP
he PRP B-NP
will MD B-VP
appeal VB I-VP
the DT B-NP
ruling NN I-NP
in IN B-PP
federal JJ B-NP
court NN I-NP
. . O

Seabrook NNP B-NP
officials NNS I-NP
said VBD B-VP
the DT B-NP
plant NN I-NP
could MD B-VP
receive VB I-VP
a DT B-NP
full-power JJ I-NP
license NN I-NP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
. . O

The DT B-NP
NRC NNP I-NP
rejected VBD B-VP
Mr. NNP B-NP
Shannon NNP I-NP
's POS B-NP
argument NN I-NP
that IN B-SBAR
Public NNP B-NP
Service NNP I-NP
Co. NNP I-NP
of IN B-PP
New NNP B-NP
Hampshire NNP I-NP
, , O
which WDT B-NP
owns VBZ B-VP
the DT B-NP
largest JJS I-NP
share NN I-NP
of IN B-PP
Seabrook NNP B-NP
, , O
and CC O
11 CD B-NP
other JJ I-NP
owners NNS I-NP
are VBP B-VP
financially RB B-ADJP
unable JJ I-ADJP
to TO B-VP
guarantee VB I-VP
the DT B-NP
plant NN I-NP
's POS B-NP
safe JJ I-NP
operation NN I-NP
. . O

Mr. NNP B-NP
Shannon NNP I-NP
was VBD B-VP
seeking VBG I-VP
a DT B-NP
waiver NN I-NP
of IN B-PP
NRC NNP B-NP
policy NN I-NP
that WDT B-NP
ignores VBZ B-VP
financial JJ B-NP
considerations NNS I-NP
in IN B-PP
making VBG B-VP
licensing NN B-NP
decisions NNS I-NP
. . O

In IN B-PP
its PRP$ B-NP
ruling NN I-NP
, , O
the DT B-NP
NRC NNP I-NP
said VBD B-VP
that IN B-SBAR
because IN B-SBAR
Seabrook NNP B-NP
will MD B-VP
be VB I-VP
allowed VBN I-VP
to TO I-VP
charge VB I-VP
rates NNS B-NP
sufficient JJ B-ADJP
to TO B-VP
run VB I-VP
the DT B-NP
plant NN I-NP
and CC O
make VB B-VP
payments NNS B-NP
on IN B-PP
past JJ B-NP
construction NN I-NP
costs NNS I-NP
, , O
consideration NN B-NP
of IN B-PP
the DT B-NP
owners NNS I-NP
' POS B-NP
financial JJ I-NP
condition NN I-NP
is VBZ B-VP
pointless JJ B-ADJP
. . O

`` `` O
The DT B-NP
commissioners NNS I-NP
found VBD B-VP
the DT B-NP
circumstances NNS I-NP
of IN B-PP
the DT B-NP
case NN I-NP
did VBD B-VP
n't RB I-VP
undercut VB I-VP
the DT B-NP
assurance NN I-NP
from IN B-PP
government NN B-NP
rate NN I-NP
setters NNS I-NP
of IN B-PP
available JJ B-NP
funds NNS I-NP
adequate JJ B-ADJP
for IN B-PP
safe JJ B-NP
operation NN I-NP
, , O
'' '' O
said VBD B-VP
a DT B-NP
commission NN I-NP
spokesman NN I-NP
. . O

In IN B-PP
January NNP B-NP
1988 CD I-NP
, , O
the DT B-NP
utility NN I-NP
filed VBN B-VP
for IN B-PP
protection NN B-NP
under IN B-PP
Chapter NN B-NP
11 CD I-NP
of IN B-PP
the DT B-NP
federal JJ I-NP
Bankruptcy NNP I-NP
Code NNP I-NP
, , O
allowing VBG B-VP
it PRP B-NP
to TO B-VP
continue VB I-VP
to TO I-VP
operate VB I-VP
while IN B-SBAR
protected VBN B-VP
from IN B-PP
creditors NNS B-NP
' POS B-NP
lawsuits NNS I-NP
. . O

Bristol-Myers NNP B-NP
Squibb NNP I-NP
Co. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
the DT B-NP
newly RB I-NP
merged VBN I-NP
drug NN I-NP
and CC I-NP
health-care-product NN I-NP
company NN I-NP
, , O
reported VBD B-VP
record NN B-NP
third-quarter JJ I-NP
earnings NNS I-NP
for IN B-PP
both DT B-NP
companies NNS I-NP
in IN B-PP
the DT B-NP
merger NN I-NP
. . O

Bristol-Myers NNP B-NP
Co. NNP I-NP
and CC O
Squibb NNP B-NP
Corp. NNP I-NP
, , O
Princeton NNP B-NP
, , O
N.J. NNP B-NP
, , O
merged VBN B-VP
Oct. NNP B-NP
4 CD I-NP
, , O
but CC O
the DT B-NP
new JJ I-NP
company NN I-NP
reported VBD B-VP
third-period JJ B-NP
earnings NNS I-NP
for IN B-PP
both DT B-NP
companies NNS I-NP
. . O

For IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
, , O
Bristol-Myers NNP B-NP
Squibb NNP I-NP
will MD B-VP
report VB I-VP
one CD B-NP
set VBN I-NP
of IN B-PP
earnings NNS B-NP
. . O

Bristol-Myers NNP B-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
rose VBD B-VP
15 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
266.2 CD I-NP
million CD I-NP
, , O
or CC O
93 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
232.3 CD I-NP
million CD I-NP
, , O
or CC O
81 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
gained VBD B-VP
5 NN B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.59 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.52 CD I-NP
billion CD I-NP
. . O

Squibb NNP B-NP
Corp. NNP I-NP
said VBD B-VP
net NN B-NP
rose VBD B-VP
17 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
144.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.47 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
123 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.25 CD I-NP
a DT B-NP
share NN I-NP
. . O

Sales NNS B-NP
were VBD B-VP
$ $ B-NP
730.1 CD I-NP
million CD I-NP
, , O
up IN B-ADVP
7 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
679.5 CD I-NP
million CD I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Bristol-Myers NNP B-NP
Squibb NNP I-NP
rose VBD B-VP
$ $ B-NP
1.75 CD I-NP
to TO B-PP
$ $ B-NP
52.75 CD I-NP
. . O

PPG NNP B-NP
Industries NNP I-NP
Inc. NNP I-NP
, , O
hurt VBN B-VP
by IN B-PP
softness NN B-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
automotive JJ I-NP
and CC I-NP
construction NN I-NP
industries NNS I-NP
, , O
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
5.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
106.7 CD I-NP
million CD I-NP
, , O
or CC O
97 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
112.9 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.03 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Sales NNS B-NP
were VBD B-VP
nearly RB B-ADJP
identical JJ I-ADJP
to TO B-PP
the DT B-NP
year-earlier JJ I-NP
$ $ I-NP
1.36 CD I-NP
billion CD I-NP
. . O

The DT B-NP
drop NN I-NP
in IN B-PP
earnings NNS B-NP
did VBD B-VP
n't RB I-VP
surprise VB I-VP
analysts NNS B-NP
who WP B-NP
said VBD B-VP
the DT B-NP
Pittsburgh NNP I-NP
glass NN I-NP
, , I-NP
coatings NNS I-NP
and CC I-NP
chemical NN I-NP
concern NN I-NP
had VBD B-VP
been VBN I-VP
predicting VBG I-VP
a DT B-NP
slow JJ I-NP
quarter NN I-NP
because IN B-PP
of IN I-PP
the DT B-NP
sluggish JJ I-NP
construction NN I-NP
industry NN I-NP
, , O
a DT B-NP
major JJ I-NP
market NN I-NP
for IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
flat JJ I-NP
glass NN I-NP
. . O

Glass NN B-NP
sales NNS I-NP
to TO B-PP
Canadian JJ B-NP
and CC I-NP
European JJ I-NP
auto NN I-NP
makers NNS I-NP
and CC O
sales NNS B-NP
of IN B-PP
replacement NN B-NP
auto NN I-NP
glass NN I-NP
in IN B-PP
all DT B-NP
markets NNS I-NP
increased VBN B-VP
. . O

The DT B-NP
coating NN I-NP
segment NN I-NP
also RB B-ADVP
posted VBD B-VP
higher JJR B-NP
sales NNS I-NP
particularly RB B-PP
in IN I-PP
North NNP B-NP
America NNP I-NP
and CC O
Europe NNP B-NP
. . O

But CC O
sale NN B-NP
increases NNS I-NP
were VBD B-VP
offset VBN I-VP
by IN B-PP
slumping VBG B-NP
sales NNS I-NP
in IN B-PP
flat JJ B-NP
glass NN I-NP
and CC O
fiberglass NNS B-NP
reinforcements NNS I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Also RB B-ADVP
, , O
chemicals NNS B-NP
sales NNS I-NP
were VBD B-VP
slightly RB B-ADJP
down RB I-ADJP
because IN B-PP
of IN I-PP
lower JJR B-NP
prices NNS I-NP
for IN B-PP
vinyl NN B-NP
chloride NN I-NP
monomer NN I-NP
and CC O
other JJ B-NP
chlorine NN I-NP
derivatives NNS I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
PPG NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
41 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
37.5 CD B-NP
cents NNS I-NP
. . O

Jefferies NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
4 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
2.2 CD I-NP
million CD I-NP
, , O
or CC O
35 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
2.3 CD I-NP
million CD I-NP
, , O
or CC O
31 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
on IN B-PP
more JJR B-NP
shares NNS I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Revenue NN B-NP
rose VBD B-VP
15 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
36 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
31.2 CD I-NP
million CD I-NP
. . O

Jefferies NNP B-NP
, , O
a DT B-NP
Los NNP I-NP
Angeles NNP I-NP
holding VBG I-NP
company NN I-NP
primarily RB B-VP
engaged VBD I-VP
in IN B-PP
securities NNS B-NP
trading NN I-NP
, , O
also RB B-ADVP
said VBD B-VP
stock NN B-NP
market NN I-NP
declines NNS I-NP
since IN B-PP
the DT B-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
created VBN B-VP
an DT B-NP
unrealized JJ I-NP
pretax JJ I-NP
loss NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
6 CD I-NP
million CD I-NP
in IN B-PP
its PRP$ B-NP
risk NN I-NP
arbitrage NN I-NP
account NN I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Jefferies NNP B-NP
said VBD B-VP
net NN B-NP
fell VBD B-VP
39 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
6.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.07 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
11.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.50 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
fell VBD B-VP
3 CD B-NP
% NN I-NP
, , O
to TO B-PP
$ $ B-NP
105.2 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
108.4 CD I-NP
million CD I-NP
. . O

Sony NNP B-NP
Corp. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
said VBD B-VP
its PRP$ B-NP
bids NNS I-NP
for IN B-PP
Columbia NNP B-NP
Pictures NNP I-NP
Entertainment NNP I-NP
Inc. NNP I-NP
and CC O
Guber-Peters NNP B-NP
Entertainment NNP I-NP
Co. NNP I-NP
have VBP B-VP
been VBN I-VP
cleared VBN I-VP
by IN B-PP
federal JJ B-NP
antitrust JJ I-NP
regulators NNS I-NP
. . O

The DT B-NP
Japanese JJ I-NP
company NN I-NP
said VBD B-VP
the DT B-NP
waiting VBG I-NP
period NN I-NP
under IN B-PP
the DT B-NP
Hart-Scott-Rodino NNP I-NP
antitrust JJ I-NP
act NN I-NP
for IN B-PP
the DT B-NP
$ $ I-NP
3.4 CD I-NP
billion CD I-NP
bid NN I-NP
for IN B-PP
Columbia NNP B-NP
and CC O
the DT B-NP
$ $ I-NP
200 CD I-NP
million CD I-NP
offer NN I-NP
for IN B-PP
Guber-Peters NNP B-NP
expired VBD B-VP
Monday NNP B-NP
. . O

Sony NNP B-NP
has VBZ B-VP
agreed VBN I-VP
to TO I-VP
buy VB I-VP
both DT B-NP
companies NNS I-NP
, , O
but CC O
is VBZ B-VP
in IN B-PP
a DT B-NP
legal JJ I-NP
battle NN I-NP
with IN B-PP
Warner NNP B-NP
Communications NNP I-NP
Inc. NNP I-NP
over IN B-PP
the DT B-NP
services NNS I-NP
of IN B-PP
producers NNS B-NP
Peter NNP I-NP
Guber NNP I-NP
and CC I-NP
Jon NNP I-NP
Peters NNP I-NP
. . O

In IN B-PP
a DT B-NP
filing NN I-NP
with IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
, , O
Sony NNP B-NP
also RB B-ADVP
said VBD B-VP
two CD B-NP
more JJR I-NP
suits NNS I-NP
have VBP B-VP
been VBN I-VP
filed VBN I-VP
opposing VBG B-VP
the DT B-NP
company NN I-NP
's POS B-NP
agreement NN I-NP
to TO B-VP
buy VB I-VP
Columbia NNP B-NP
. . O

Sony NNP B-NP
added VBD B-VP
that IN B-SBAR
a DT B-NP
hearing NN I-NP
has VBZ B-VP
been VBN I-VP
set VBN I-VP
for IN B-PP
Thursday NNP B-NP
in IN B-PP
the DT B-NP
Delaware NNP I-NP
Chancery NNP I-NP
Court NNP I-NP
in IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
suits NNS I-NP
. . O

Thursday NNP B-NP
, , O
October NNP B-NP
19 CD I-NP
, , I-NP
1989 CD I-NP

The DT B-NP
key JJ I-NP
U.S. NNP I-NP
and CC I-NP
foreign JJ I-NP
annual JJ I-NP
interest NN I-NP
rates NNS I-NP
below IN B-ADVP
are VBP B-VP
a DT B-NP
guide NN I-NP
to TO B-PP
general JJ B-NP
levels NNS I-NP
but CC O
do VBP B-VP
n't RB I-VP
always RB I-VP
represent VB I-VP
actual JJ B-NP
transactions NNS I-NP
. . O

PRIME JJ B-NP
RATE NN I-NP
: : O
10 CD B-NP
1\/2 CD I-NP
% NN I-NP
. . O

The DT B-NP
base NN I-NP
rate NN I-NP
on IN B-PP
corporate JJ B-NP
loans NNS I-NP
at IN B-PP
large JJ B-NP
U.S. NNP I-NP
money NN I-NP
center NN I-NP
commercial JJ I-NP
banks NNS I-NP
. . O

FEDERAL JJ B-NP
FUNDS NNS I-NP
: : O
8 CD B-NP
3\/4 CD I-NP
% NN I-NP
high JJ B-ADJP
, , O
8 CD B-NP
5\/8 CD I-NP
% NN I-NP
low JJ B-ADJP
, , O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
near IN B-PP
closing VBG B-NP
bid NN I-NP
, , O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
offered VBN B-VP
. . O

Reserves NNS B-NP
traded VBN B-VP
among IN B-PP
commercial JJ B-NP
banks NNS I-NP
for IN B-PP
overnight JJ B-NP
use NN I-NP
in IN B-PP
amounts NNS B-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
million CD I-NP
or CC I-NP
more JJR I-NP
. . O

Source NN B-NP
: : O
Fulton NNP B-NP
Prebon NNP I-NP
-LRB- ( O
U.S.A NNP O
. . O
-RRB- ) O
Inc NNP B-NP
. . O

DISCOUNT NN B-NP
RATE NN I-NP
: : O
7 CD B-NP
% NN I-NP
. . O

The DT B-NP
charge NN I-NP
on IN B-PP
loans NNS B-NP
to TO B-PP
depository NN B-NP
institutions NNS I-NP
by IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Federal NNP I-NP
Reserve NNP I-NP
Bank NNP I-NP
. . O

CALL NN B-NP
MONEY NN I-NP
: : O
9 CD B-NP
3\/4 CD I-NP
% NN I-NP
to TO O
10 CD B-NP
% NN I-NP
. . O

The DT B-NP
charge NN I-NP
on IN B-PP
loans NNS B-NP
to TO B-PP
brokers NNS B-NP
on IN B-PP
stock NN B-NP
exchange NN I-NP
collateral NN I-NP
. . O

COMMERCIAL JJ B-NP
PAPER NN I-NP
placed VBN B-VP
directly RB B-ADVP
by IN B-PP
General NNP B-NP
Motors NNPS I-NP
Acceptance NNP I-NP
Corp. NNP I-NP
: : O
8.45 CD B-NP
% NN I-NP
30 CD B-NP
to TO I-NP
44 CD I-NP
days NNS I-NP
; : O
8.25 CD B-NP
% NN I-NP
45 CD B-NP
to TO I-NP
73 CD I-NP
days NNS I-NP
; : O
8.325 CD B-NP
% NN I-NP
74 CD B-NP
to TO I-NP
99 CD I-NP
days NNS I-NP
; : O
7.75 CD B-NP
% NN I-NP
100 CD B-NP
to TO I-NP
179 CD I-NP
days NNS I-NP
; : O
7.50 CD B-NP
% NN I-NP
180 CD B-NP
to TO I-NP
270 CD I-NP
days NNS I-NP
. . O

COMMERCIAL JJ B-NP
PAPER NN I-NP
: : O
High-grade JJ B-NP
unsecured JJ I-NP
notes NNS I-NP
sold VBN B-VP
through IN B-PP
dealers NNS B-NP
by IN B-PP
major JJ B-NP
corporations NNS I-NP
in IN B-PP
multiples NNS B-NP
of IN B-PP
$ $ B-NP
1,000 CD I-NP
: : O
8.525 CD B-NP
% NN I-NP
30 CD B-NP
days NNS I-NP
; : O
8.425 CD B-NP
% NN I-NP
60 CD B-NP
days NNS I-NP
; : O
8.375 CD B-NP
% NN I-NP
90 CD B-NP
days NNS I-NP
. . O

CERTIFICATES NNS B-NP
OF IN B-PP
DEPOSIT NN B-NP
: : O
8.05 CD B-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8.02 CD B-NP
% NN I-NP
two CD B-NP
months NNS I-NP
; : O
8 CD B-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
7.98 CD B-NP
% NN I-NP
six CD B-NP
months NNS I-NP
; : O
7.95 CD B-NP
% NN I-NP
one CD B-NP
year NN I-NP
. . O

Average NNP B-NP
of IN B-PP
top JJ B-NP
rates NNS I-NP
paid VBN B-VP
by IN B-PP
major JJ B-NP
New NNP I-NP
York NNP I-NP
banks NNS I-NP
on IN B-PP
primary JJ B-NP
new JJ I-NP
issues NNS I-NP
of IN B-PP
negotiable JJ B-NP
C.D.s NNS I-NP
, , O
usually RB B-ADVP
on IN B-PP
amounts NNS B-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
million CD I-NP
and CC I-NP
more JJR I-NP
. . O

The DT B-NP
minimum JJ I-NP
unit NN I-NP
is VBZ B-VP
$ $ B-NP
100,000 CD I-NP
. . O

Typical JJ B-NP
rates NNS I-NP
in IN B-PP
the DT B-NP
secondary JJ I-NP
market NN I-NP
: : O
8.60 CD B-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8.60 CD B-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
8.45 CD B-NP
% NN I-NP
six CD B-NP
months NNS I-NP
. . O

BANKERS NNS B-NP
ACCEPTANCES NNS I-NP
: : O
8.45 CD B-NP
% NN I-NP
30 CD B-NP
days NNS I-NP
; : O
8.32 CD B-NP
% NN I-NP
60 CD B-NP
days NNS I-NP
; : O
8.32 CD B-NP
% NN I-NP
90 CD B-NP
days NNS I-NP
; : O
8.17 CD B-NP
% NN I-NP
120 CD B-NP
days NNS I-NP
; : O
8.08 CD B-NP
% NN I-NP
150 CD B-NP
days NNS I-NP
; : O
7.98 CD B-NP
% NN I-NP
180 CD B-NP
days NNS I-NP
. . O

Negotiable JJ B-NP
, , I-NP
bank-backed JJ I-NP
business NN I-NP
credit NN I-NP
instruments NNS I-NP
typically RB B-VP
financing VBG I-VP
an DT B-NP
import NN I-NP
order NN I-NP
. . O

LONDON NNP B-NP
LATE JJ I-NP
EURODOLLARS NNS I-NP
: : O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
two CD B-NP
months NNS I-NP
; : O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
8 CD B-NP
5\/8 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
1\/2 CD I-NP
% NN I-NP
four CD B-NP
months NNS I-NP
; : O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
7\/16 CD I-NP
% NN I-NP
five CD B-NP
months NNS I-NP
; : O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
7\/16 CD I-NP
% NN I-NP
six CD B-NP
months NNS I-NP
. . O

LONDON NNP B-NP
INTERBANK NNP I-NP
OFFERED NNP I-NP
RATES NNS I-NP
-LRB- ( O
LIBOR NNP B-NP
-RRB- ) O
: : O
8 CD B-NP
3\/4 CD I-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
six CD B-NP
months NNS I-NP
; : O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
one CD B-NP
year NN I-NP
. . O

The DT B-NP
average NN I-NP
of IN B-PP
interbank NN B-NP
offered VBD I-NP
rates NNS I-NP
for IN B-PP
dollar NN B-NP
deposits NNS I-NP
in IN B-PP
the DT B-NP
London NNP I-NP
market NN I-NP
based VBN B-VP
on IN B-PP
quotations NNS B-NP
at IN B-PP
five CD B-NP
major JJ I-NP
banks NNS I-NP
. . O

FOREIGN JJ B-NP
PRIME JJ I-NP
RATES NNS I-NP
: : O
Canada NNP B-NP
13.50 CD B-NP
% NN I-NP
; : O
Germany NNP B-NP
8.50 CD B-NP
% NN I-NP
; : O
Japan NNP B-NP
4.875 CD B-NP
% NN I-NP
; : O
Switzerland NNP B-NP
8.50 CD B-NP
% NN I-NP
; : O
Britain NNP B-NP
15 CD B-NP
% NN I-NP
. . O

These DT B-NP
rate NN I-NP
indications NNS I-NP
are VBP B-VP
n't RB O
directly RB B-ADJP
comparable JJ I-ADJP
; : O
lending NN B-NP
practices NNS I-NP
vary VBP B-VP
widely RB B-ADVP
by IN B-PP
location NN B-NP
. . O

TREASURY NN B-NP
BILLS NNS I-NP
: : O
Results NNS B-NP
of IN B-PP
the DT B-NP
Monday NNP I-NP
, , I-NP
October NNP I-NP
16 CD I-NP
, , I-NP
1989 CD I-NP
, , I-NP
auction NN I-NP
of IN B-PP
short-term NNP B-NP
U.S. NNP I-NP
government NN I-NP
bills NNS I-NP
, , O
sold VBN B-VP
at IN B-PP
a DT B-NP
discount NN I-NP
from IN B-PP
face NN B-NP
value NN I-NP
in IN B-PP
units NNS B-NP
of IN B-PP
$ $ B-NP
10,000 CD I-NP
to TO I-NP
$ $ I-NP
1 CD I-NP
million CD I-NP
: : O
7.37 CD B-NP
% NN I-NP
13 CD B-NP
weeks NNS I-NP
; : O
7.42 CD B-NP
% NN I-NP
26 CD B-NP
weeks NNS I-NP
. . O

FEDERAL NNP B-NP
HOME NNP I-NP
LOAN NNP I-NP
MORTGAGE NNP I-NP
CORP NNP I-NP
. . O
-LRB- ( O
Freddie NNP B-NP
Mac NNP I-NP
-RRB- ) O
: : O
Posted VBN B-NP
yields NNS I-NP
on IN B-PP
30-year JJ B-NP
mortgage NN I-NP
commitments NNS I-NP
for IN B-PP
delivery NN B-NP
within IN B-PP
30 CD B-NP
days NNS I-NP
. . O

9.87 CD B-NP
% NN I-NP
, , O
standard JJ B-NP
conventional JJ I-NP
fixed-rate JJ I-NP
mortgages NNS I-NP
; : O
7.875 CD B-NP
% NN I-NP
, , O
2 CD B-NP
% NN I-NP
rate NN I-NP
capped VBD I-NP
one-year JJ I-NP
adjustable JJ I-NP
rate NN I-NP
mortgages NNS I-NP
. . O

Source NN B-NP
: : O
Telerate NNP B-NP
Systems NNP I-NP
Inc NNP I-NP
. . O

FEDERAL NNP B-NP
NATIONAL NNP I-NP
MORTGAGE NNP I-NP
ASSOCIATION NNP I-NP
-LRB- ( O
Fannie NNP B-NP
Mae NNP I-NP
-RRB- ) O
: : O
Posted VBN B-NP
yields NNS I-NP
on IN B-PP
30 CD B-NP
year NN I-NP
mortgage NN I-NP
commitments NNS I-NP
for IN B-PP
delivery NN B-NP
within IN B-PP
30 CD B-NP
days NNS I-NP
-LRB- ( O
priced VBN B-VP
at IN B-PP
par NN B-NP
-RRB- ) O
9.81 CD B-NP
% NN I-NP
, , O
standard JJ B-NP
conventional JJ I-NP
fixed-rate JJ I-NP
mortgages NNS I-NP
; : O
8.70 CD B-NP
% NN I-NP
, , O
6\/2 CD B-NP
rate NN I-NP
capped VBD I-NP
one-year JJ I-NP
adjustable JJ I-NP
rate NN I-NP
mortgages NNS I-NP
. . O

Source NN B-NP
: : O
Telerate NNP B-NP
Systems NNP I-NP
Inc NNP I-NP
. . O

MERRILL NNP B-NP
LYNCH NNP I-NP
READY NNP I-NP
ASSETS NNP I-NP
TRUST NNP I-NP
: : O
8.50 CD B-NP
% NN I-NP
. . O

Annualized VBN B-NP
average JJ I-NP
rate NN I-NP
of IN B-PP
return NN B-NP
after IN B-PP
expenses NNS B-NP
for IN B-PP
the DT B-NP
past JJ I-NP
30 CD I-NP
days NNS I-NP
; : O
not RB B-NP
a DT I-NP
forecast NN I-NP
of IN B-PP
future NN B-NP
returns NNS I-NP
. . O

China NNP B-NP
said VBD B-VP
the DT B-NP
question NN I-NP
of IN B-PP
Taiwan NNP B-NP
's POS B-NP
membership NN I-NP
in IN B-PP
the DT B-NP
General NNP I-NP
Agreement NNP I-NP
on IN B-PP
Tariffs NNPS B-NP
and CC I-NP
Trade NNP I-NP
should MD B-VP
be VB I-VP
considered VBN I-VP
only RB B-SBAR
after IN I-SBAR
China NNP B-NP
's POS B-NP
own JJ I-NP
membership NN I-NP
in IN B-PP
the DT B-NP
97-nation JJ I-NP
organization NN I-NP
is VBZ B-VP
restored VBN I-VP
. . O

Both DT B-NP
China NNP I-NP
and CC I-NP
Taiwan NNP I-NP
are VBP B-VP
seeking VBG I-VP
seats NNS B-NP
in IN B-PP
GATT NNP B-NP
, , O
which WDT B-NP
sponsors VBZ B-VP
trade-liberalizing JJ B-NP
agreements NNS I-NP
and CC O
sets VBZ B-VP
world-commerce JJ B-NP
rules NNS I-NP
. . O

`` `` O
As IN B-PP
one CD B-NP
of IN B-PP
China NNP B-NP
's POS B-NP
provinces NNS I-NP
, , O
Taiwan NNP B-NP
has VBZ B-VP
no DT B-NP
right NN I-NP
to TO B-VP
join VB I-VP
GATT NNP B-NP
on IN B-PP
its PRP$ B-NP
own JJ I-NP
, , O
'' '' O
Foreign NNP B-NP
Ministry NNP I-NP
spokesman NN I-NP
Li NNP I-NP
Zhaoxing NNP I-NP
said VBD B-VP
. . O

China NNP B-NP
, , O
under IN B-PP
the DT B-NP
Nationalist JJ I-NP
government NN I-NP
of IN B-PP
Chiang NNP B-NP
Kai-shek NNP I-NP
, , O
was VBD B-VP
a DT B-NP
founding NN I-NP
member NN I-NP
of IN B-PP
GATT NNP B-NP
in IN B-PP
1947 CD B-NP
. . O

The DT B-NP
Nationalists NNPS I-NP
withdrew VBD B-VP
in IN B-PP
1950 CD B-NP
, , O
after IN B-PP
their PRP$ B-NP
flight NN I-NP
to TO B-PP
Taiwan NNP B-NP
, , O
and CC O
the DT B-NP
Communist NNP I-NP
government NN I-NP
in IN B-PP
Beijing NNP B-NP
applied VBD B-VP
for IN B-PP
restoration NN B-NP
of IN B-PP
China NNP B-NP
's POS B-NP
membership NN I-NP
in IN B-PP
July NNP B-NP
1986 CD I-NP
. . O

The DT B-NP
U.S. NNP I-NP
has VBZ B-VP
voiced VBN I-VP
opposition NN B-NP
to TO B-PP
China NNP B-NP
's POS B-NP
bid NN I-NP
for IN B-PP
GATT NNP B-NP
membership NN I-NP
, , O
saying VBG B-VP
China NNP B-NP
has VBZ B-VP
yet RB I-VP
to TO I-VP
undertake VB I-VP
needed VBN B-NP
economic JJ I-NP
reforms NNS I-NP
. . O

Japan NNP B-NP
's POS B-NP
biggest JJS O
women NNS B-NP
's POS B-NP
underwear NN I-NP
maker NN I-NP
, , O
Wacoal NNP B-NP
Corp. NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
it PRP B-NP
developed VBD B-VP
a DT B-NP
sports NNS I-NP
car NN I-NP
that IN B-NP
it PRP B-NP
plans VBZ B-VP
to TO I-VP
market VB I-VP
in IN B-PP
two CD B-NP
years NNS I-NP
. . O

The DT B-NP
`` `` I-NP
Jiotto NNP I-NP
Caspita NNP I-NP
'' '' O
can MD B-VP
run VB I-VP
at IN B-PP
over IN B-NP
188 CD I-NP
miles NNS I-NP
an DT B-NP
hour NN I-NP
, , O
a DT B-NP
company NN I-NP
spokesman NN I-NP
said VBD B-VP
. . O

The DT B-NP
base NN I-NP
price NN I-NP
of IN B-PP
the DT B-NP
car NN I-NP
is VBZ B-VP
estimated VBN I-VP
at IN B-PP
30 CD B-NP
million CD I-NP
yen NN I-NP
-LRB- ( O
about RB B-NP
$ $ I-NP
213,000 CD I-NP
-RRB- ) O
. . O

Wacoal NNP B-NP
said VBD B-VP
it PRP B-NP
intends VBZ B-VP
to TO I-VP
produce VB I-VP
the DT B-NP
cars NNS I-NP
through IN B-PP
a DT B-NP
car NN I-NP
manufacturer NN I-NP
. . O

Along IN B-PP
with IN B-PP
the DT B-NP
car NN I-NP
, , O
Wacoal NNP B-NP
plans VBZ B-VP
to TO I-VP
launch VB I-VP
a DT B-NP
series NN I-NP
of IN B-PP
Caspita-brand JJ B-NP
men NNS I-NP
's POS B-NP
underwear NN I-NP
. . O

`` `` O
Our PRP$ B-NP
image NN I-NP
is VBZ B-VP
a DT B-NP
company NN I-NP
that WDT B-NP
makes VBZ B-VP
women NNS B-NP
's POS B-NP
products NNS I-NP
, , O
'' '' O
said VBD B-VP
a DT B-NP
Wacoal NNP I-NP
spokesman NN I-NP
. . O

`` `` O
Now RB B-ADVP
, , O
we PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
sell VB I-VP
to TO B-PP
men NNS B-NP
. . O
'' '' O

The DT B-NP
British JJ I-NP
satirical JJ I-NP
magazine NN I-NP
Private NNP I-NP
Eye NNP I-NP
won VBD B-VP
an DT B-NP
appeal NN I-NP
against IN B-PP
the DT B-NP
size NN I-NP
of IN B-PP
a DT B-NP
$ $ I-NP
960,000 CD I-NP
libel NN I-NP
award NN I-NP
to TO B-PP
Sonia NNP B-NP
Sutcliffe NNP I-NP
, , O
the DT B-NP
estranged VBN I-NP
wife NN I-NP
of IN B-PP
the DT B-NP
`` `` I-NP
Yorkshire NNP I-NP
Ripper NNP I-NP
'' '' I-NP
mass NN I-NP
murderer NN I-NP
. . O

An DT B-NP
appeals-court NN I-NP
panel NN I-NP
slashed VBD B-VP
all DT B-NP
but CC I-NP
$ $ I-NP
40,000 CD I-NP
from IN B-PP
the DT B-NP
award NN I-NP
, , O
the DT B-NP
largest JJS I-NP
ever RB B-VP
set VBN I-VP
by IN B-PP
a DT B-NP
British JJ I-NP
jury NN I-NP
, , O
pending VBG B-PP
a DT B-NP
reassessment NN I-NP
of IN B-PP
the DT B-NP
damages NNS I-NP
. . O

But CC O
the DT B-NP
panel NN I-NP
dismissed VBD B-VP
the DT B-NP
magazine NN I-NP
's POS B-NP
contention NN I-NP
that IN B-SBAR
it PRP B-NP
had VBD B-VP
n't RB I-VP
libeled VBN I-VP
Mrs. NNP B-NP
Sutcliffe NNP I-NP
when WRB B-ADVP
it PRP B-NP
accused VBD B-VP
her PRP B-NP
of IN B-PP
trying VBG B-VP
to TO I-VP
sell VB I-VP
her PRP$ B-NP
story NN I-NP
to TO B-VP
capitalize VB I-VP
on IN B-PP
the DT B-NP
notoriety NN I-NP
of IN B-PP
her PRP$ B-NP
husband NN I-NP
. . O

Private NNP B-NP
Eye NNP I-NP
had VBD B-VP
been VBN I-VP
threatened VBN I-VP
with IN B-PP
closure NN B-NP
because IN B-SBAR
it PRP B-NP
could MD B-VP
n't RB I-VP
afford VB I-VP
the DT B-NP
libel NN I-NP
payment NN I-NP
. . O

Senshukai NNP B-NP
Co. NNP I-NP
, , O
a DT B-NP
travel NN I-NP
agent NN I-NP
based VBN B-VP
in IN B-PP
Osaka NNP B-NP
, , O
Japan NNP B-NP
, , O
announced VBD B-VP
that IN B-SBAR
it PRP B-NP
and CC O
Nissho NNP B-NP
Iwai NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
major JJ I-NP
Japanese JJ I-NP
trading NN I-NP
house NN I-NP
, , O
will MD B-VP
jointly RB I-VP
build VB I-VP
a DT B-NP
130-unit JJ I-NP
condominium NN I-NP
in IN B-PP
Queensland NNP B-NP
, , O
Australia NNP B-NP
. . O

Senshukai NNP B-NP
said VBD B-VP
the DT B-NP
partners NNS I-NP
plan VBP B-VP
to TO I-VP
rent VB I-VP
to TO B-PP
tourists NNS B-NP
but CC O
will MD B-VP
also RB I-VP
sell VB I-VP
to TO B-PP
interested JJ B-NP
parties NNS I-NP
. . O

Senshukai NNP B-NP
has VBZ B-VP
a DT B-NP
60 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
venture NN I-NP
and CC O
Nissho NNP B-NP
Iwai NNP I-NP
has VBZ B-VP
the DT B-NP
rest NN I-NP
. . O

Construction NN B-NP
of IN B-PP
the DT B-NP
34-floor JJ I-NP
building NN I-NP
will MD B-VP
begin VB I-VP
next JJ B-NP
May NNP I-NP
and CC O
should MD B-VP
be VB I-VP
completed VBN I-VP
in IN B-PP
April NNP B-NP
1992 CD I-NP
. . O

Units NNP B-NP
will MD B-VP
cost VB I-VP
from IN B-NP
500,000 CD I-NP
to TO I-NP
3.5 CD I-NP
million CD I-NP
Australian JJ I-NP
dollars NNS I-NP
-LRB- ( O
about IN B-NP
US$ $ I-NP
386,000 CD I-NP
to TO I-NP
US$ $ I-NP
2.7 CD I-NP
million CD I-NP
-RRB- ) O
. . O

The DT B-NP
Soviet NNP I-NP
Union NNP I-NP
has VBZ B-VP
halted VBN I-VP
construction NN B-NP
of IN B-PP
two CD B-NP
Chernobyl-type JJ I-NP
nuclear JJ I-NP
reactors NNS I-NP
and CC O
is VBZ B-VP
reassessing VBG I-VP
the DT B-NP
future NN I-NP
of IN B-PP
12 CD B-NP
other JJ I-NP
existing VBG I-NP
reactors NNS I-NP
. . O

Viktor NNP B-NP
Sidorenko NNP I-NP
, , O
vice NN B-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
State NNP I-NP
Committee NNP I-NP
on IN B-PP
Nuclear NNP B-NP
Safety NNP I-NP
, , O
said VBD B-VP
the DT B-NP
two CD I-NP
reactors NNS I-NP
were VBD B-VP
at IN B-PP
Kursk NNP B-NP
and CC I-NP
Smolensk NNP I-NP
. . O

News NNS B-NP
of IN B-PP
the DT B-NP
halt NN I-NP
comes VBZ B-VP
amid IN B-PP
growing VBG B-NP
anger NN I-NP
in IN B-PP
the DT B-NP
Ukraine NNP I-NP
and CC O
Byelorussia NNP B-NP
over IN B-PP
continuing VBG B-NP
high JJ I-NP
levels NNS I-NP
of IN B-PP
radiation NN B-NP
from IN B-PP
Chernobyl NNP B-NP
. . O

A DT B-NP
former JJ I-NP
vice NN I-NP
president NN I-NP
of IN B-PP
the DT B-NP
Singapore NNP I-NP
branch NN I-NP
of IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Group NNP I-NP
Inc. NNP I-NP
was VBD B-VP
charged VBN I-VP
in IN B-PP
court NN B-NP
yesterday NN B-NP
on IN B-PP
19 CD B-NP
counts NNS I-NP
of IN B-PP
cheating NN B-NP
. . O

Francis NNP B-NP
Dang NNP I-NP
, , O
41 CD B-NP
, , O
is VBZ B-VP
alleged VBN I-VP
to TO I-VP
have VB I-VP
been VBN I-VP
involved VBN I-VP
in IN B-PP
cheating NN B-VP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
of IN B-PP
up IN B-NP
to TO I-NP
2.1 CD I-NP
million CD I-NP
Singapore NNP I-NP
dollars NNS I-NP
-LRB- ( O
US$ $ B-NP
1.1 CD I-NP
million CD I-NP
-RRB- ) O
by IN B-PP
carrying VBG B-VP
out RP B-PRT
unauthorized JJ B-NP
transactions NNS I-NP
on IN B-PP
the DT B-NP
London NNP I-NP
Commodities NNP I-NP
Exchange NNP I-NP
and CC O
the DT B-NP
International NNP I-NP
Petroleum NNP I-NP
Exchange NNP I-NP
. . O

Mr. NNP B-NP
Dang NNP I-NP
is VBZ B-VP
alleged VBN I-VP
to TO I-VP
have VB I-VP
used VBN I-VP
the DT B-NP
account NN I-NP
of IN B-PP
Singapore NNP B-NP
hotel NN I-NP
and CC I-NP
property NN I-NP
magnate NN I-NP
Ong NNP I-NP
Beng NNP I-NP
Seng NNP I-NP
to TO B-VP
effect VB I-VP
the DT B-NP
transactions NNS I-NP
. . O

Japan NNP B-NP
says VBZ B-VP
its PRP$ B-NP
economic JJ I-NP
growth NN I-NP
will MD B-VP
fall VB I-VP
sharply RB B-ADVP
if IN B-SBAR
it PRP B-NP
cuts VBZ B-VP
back RB B-ADVP
on IN B-PP
the DT B-NP
use NN I-NP
of IN B-PP
oil NN B-NP
, , I-NP
coal NN I-NP
and CC I-NP
gas NN I-NP
to TO B-VP
cap VB I-VP
emissions NNS B-NP
of IN B-PP
carbon NN B-NP
dioxide NN I-NP
. . O

A DT O
Ministry NNP O
of IN B-PP
International NNP B-NP
Trade NNP I-NP
and CC I-NP
Industry NN I-NP
official NN B-NP
said VBD B-VP
that IN B-SBAR
a DT B-NP
study NN I-NP
found VBD B-VP
that IN B-SBAR
Japan NNP B-NP
's POS B-NP
annual JJ I-NP
economic JJ I-NP
growth NN I-NP
rate NN I-NP
would MD B-VP
eventually RB I-VP
be VB I-VP
only RB B-NP
0.8 CD I-NP
% NN I-NP
if IN B-SBAR
carbon-dioxide NN B-NP
emissions NNS I-NP
remained VBD B-VP
at IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
level NN I-NP
of IN B-PP
300 CD B-NP
million CD I-NP
tons NNS I-NP
. . O

The DT B-NP
study NN I-NP
will MD B-VP
support VB I-VP
arguments NNS B-NP
against IN B-PP
capping VBG B-VP
carbon-dioxide NN B-NP
emissions NNS I-NP
that IN B-NP
Japan NNP B-NP
will MD B-VP
make VB I-VP
at IN B-PP
a DT B-NP
U.N.-backed JJ I-NP
conference NN I-NP
on IN B-PP
atmospheric JJ B-NP
pollution NN I-NP
next JJ B-NP
month NN I-NP
. . O

The DT B-NP
study NN I-NP
said VBD B-VP
Japan NNP B-NP
's POS B-NP
carbon-dioxide NN I-NP
emissions NNS I-NP
would MD B-VP
slightly RB I-VP
more JJR I-VP
than IN I-VP
double JJ I-VP
by IN B-PP
2010 CD B-NP
unless IN B-SBAR
the DT B-NP
nation NN I-NP
reduced VBD B-VP
its PRP$ B-NP
dependence NN I-NP
on IN B-PP
fossil JJ B-NP
fuels NNS I-NP
. . O

It PRP B-NP
said VBD B-VP
that IN B-SBAR
expanding VBG B-VP
nuclear-power JJ B-NP
capability NN I-NP
is VBZ B-VP
the DT B-NP
quickest JJS I-NP
way NN I-NP
to TO B-VP
lessen VB I-VP
that DT B-NP
dependence NN I-NP
. . O

But CC O
increased VBN B-NP
reliance NN I-NP
on IN B-PP
nuclear JJ B-NP
power NN I-NP
would MD B-VP
meet VB I-VP
stiff JJ B-NP
opposition NN I-NP
from IN B-PP
environmentalists NNS B-NP
, , O
a DT B-NP
second JJ I-NP
ministry NN I-NP
official NN I-NP
said VBD B-VP
. . O

Just RB B-PP
in IN I-PP
time NN B-NP
for IN B-PP
Halloween NNP B-NP
, , O
Britain NNP B-NP
's POS B-NP
Oxford NNP I-NP
University NNP I-NP
Press NNP I-NP
is VBZ B-VP
publishing VBG I-VP
a DT B-NP
`` `` I-NP
Dictionary NNP I-NP
of IN B-PP
Superstitions NNPS B-NP
. . O
'' '' O

The DT B-NP
books NNS I-NP
1,500 CD B-NP
entries NNS I-NP
include VBP B-VP
stepping VBG I-VP
on IN B-PP
cracks NNS B-NP
and CC O
knocking VBG B-VP
on IN B-PP
wood NN B-NP
... : O
. . O

In IN B-PP
New NNP B-NP
Zealand NNP I-NP
's POS B-NP
tiny JJ I-NP
township NN I-NP
of IN B-PP
Kaitaia NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
had VBN I-VP
direct JJ B-NP
dialing NN I-NP
for IN B-PP
less JJR B-NP
than IN I-NP
a DT I-NP
year NN I-NP
, , O
about IN B-NP
30 CD I-NP
angry JJ I-NP
phone-company NN I-NP
customers NNS I-NP
questioned VBD B-VP
the DT B-NP
size NN I-NP
of IN B-PP
their PRP$ B-NP
bills NNS I-NP
. . O

It PRP B-NP
turned VBD B-VP
out RP B-PRT
their PRP$ B-NP
children NNS I-NP
had VBD B-VP
been VBN I-VP
dialing VBG I-VP
a DT B-NP
`` `` I-NP
sex NN I-NP
fantasy NN I-NP
'' '' I-NP
service NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

Slowing VBG B-NP
sales NNS I-NP
of IN B-PP
its PRP$ B-NP
profitable JJ I-NP
Jeep NNP I-NP
Cherokee NNP I-NP
and CC I-NP
Wagoneer NNP I-NP
sport NN I-NP
utility NN I-NP
vehicles NNS I-NP
are VBP B-VP
forcing VBG I-VP
Chrysler NNP B-NP
Corp. NNP I-NP
to TO B-VP
temporarily RB I-VP
idle JJ I-VP
its PRP$ B-NP
Toledo NNP I-NP
, , I-NP
Ohio NNP I-NP
, , I-NP
assembly NN I-NP
plant NN I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
since IN B-PP
April NNP B-NP
1986 CD I-NP
. . O

About IN B-NP
5,500 CD I-NP
hourly JJ I-NP
workers NNS I-NP
will MD B-VP
be VB I-VP
laid VBN I-VP
off IN B-PRT
for IN B-PP
a DT B-NP
week NN I-NP
beginning VBG O
Oct. NNP B-NP
23 CD I-NP
, , O
and CC O
overtime NN B-NP
has VBZ B-VP
been VBN I-VP
eliminated VBN I-VP
at IN B-PP
the DT B-NP
plant NN I-NP
for IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
, , O
a DT B-NP
Chrysler NNP I-NP
spokesman NN I-NP
said VBD B-VP
. . O

That DT B-NP
's VBZ B-VP
a DT B-NP
significant JJ I-NP
change NN I-NP
from IN B-PP
earlier RBR B-NP
this DT I-NP
year NN I-NP
when WRB B-ADVP
the DT B-NP
plant NN I-NP
worked VBD B-VP
substantial JJ B-NP
overtime NN I-NP
only RB B-ADVP
to TO B-VP
have VB I-VP
sales NNS B-NP
fall VB B-VP
short NN B-ADVP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
bullish JJ I-NP
expectations NNS I-NP
. . O

Sales NNS B-NP
of IN B-PP
Cherokee NNP B-NP
, , O
the DT B-NP
best-selling JJ I-NP
Jeep NN I-NP
, , O
and CC O
the DT B-NP
lower-volume JJ I-NP
Wagoneer NNP I-NP
were VBD B-VP
actually RB B-ADVP
up IN B-ADVP
about IN B-NP
10 CD I-NP
% NN I-NP
through IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
last JJ B-NP
month NN I-NP
. . O

But CC O
that DT B-NP
's VBZ B-VP
less JJR B-ADJP
than IN B-SBAR
Chrysler NNP B-NP
officials NNS I-NP
had VBD B-VP
hoped VBN I-VP
when WRB B-ADVP
they PRP B-NP
set VBD B-VP
ambitious JJ B-NP
production NN I-NP
schedules NNS I-NP
for IN B-PP
the DT B-NP
Toledo NNP I-NP
plant NN I-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
. . O

Even RB B-ADVP
when WRB B-ADVP
it PRP B-NP
became VBD B-VP
clear VB B-ADJP
this DT B-NP
spring NN I-NP
that DT O
demand NN B-NP
was VBD B-VP
n't RB I-VP
coming VBG I-VP
up IN B-PP
to TO B-PP
expectations NNS B-NP
, , O
Chrysler NNP B-NP
officials NNS I-NP
`` `` B-VP
resisted VBN I-VP
'' '' O
cutting VBG B-VP
output NN B-NP
because IN B-SBAR
Cherokee NNP B-NP
and CC I-NP
Wagoneer NNP I-NP
are VBP B-VP
`` `` O
very RB B-NP
profitable JJ I-NP
vehicles NNS I-NP
, , O
'' '' O
the DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

Instead RB B-ADVP
, , O
Chrysler NNP B-NP
officials NNS I-NP
in IN B-PP
late JJ B-NP
May NNP I-NP
slapped VBD B-VP
$ $ B-NP
1,000 CD I-NP
cash NN I-NP
rebates NNS I-NP
on IN B-PP
the DT B-NP
vehicles NNS I-NP
, , O
including VBG B-PP
the DT B-NP
first JJ I-NP
such JJ I-NP
incentives NNS I-NP
on IN B-PP
the DT B-NP
popular JJ I-NP
four-door JJ I-NP
Cherokee NNP I-NP
since IN B-SBAR
Chrysler NNP B-NP
bought VBD B-VP
Jeep NN B-NP
in IN B-PP
1987 CD B-NP
. . O

The DT B-NP
incentives NNS I-NP
boosted VBD B-VP
sales NNS B-NP
for IN B-PP
a DT B-NP
while NN I-NP
, , O
but CC O
the DT B-NP
pace NN I-NP
had VBD B-VP
cooled VBN I-VP
by IN B-PP
last JJ B-NP
month NN I-NP
. . O

The DT B-NP
result NN I-NP
: : O
Chrysler NNP B-NP
dealers NNS I-NP
had VBD B-VP
a DT B-NP
bloated JJ I-NP
82-day JJ I-NP
supply NN I-NP
of IN B-PP
the DT B-NP
Cherokee NNP I-NP
as IN B-PP
of IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
last JJ B-NP
month NN I-NP
and CC O
a DT B-NP
161-day JJ I-NP
supply NN I-NP
of IN B-PP
the DT B-NP
Comanche NNP I-NP
pickup NN I-NP
, , O
which WDT B-NP
Toledo NNP B-NP
also RB B-ADVP
builds VBZ B-VP
. . O

A DT B-NP
60-day JJ I-NP
to TO I-NP
65-day VB I-NP
supply NN I-NP
is VBZ B-VP
considered VBN I-VP
normal JJ B-ADJP
. . O

At IN B-PP
Jasper NNP B-NP
Jeep-Eagle NNP I-NP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
largest JJS I-NP
Jeep NN I-NP
dealerships NNS I-NP
in IN B-PP
the DT B-NP
country NN I-NP
, , O
inventories NNS B-NP
have VBP B-VP
continued VBN I-VP
to TO I-VP
swell VB I-VP
. . O

Steve NNP B-NP
Lowe NNP I-NP
, , O
general JJ B-NP
manager NN I-NP
of IN B-PP
Jasper NNP B-NP
, , I-NP
Ga. NNP I-NP
, , I-NP
dealership NN I-NP
, , O
said VBD B-VP
new JJ B-NP
rebates NNS I-NP
of IN B-PP
$ $ B-NP
500 CD I-NP
to TO I-NP
$ $ I-NP
1,000 CD I-NP
on IN B-PP
the DT B-NP
models NNS I-NP
have VBP B-VP
stimulated VBN I-VP
sales NNS B-NP
, , O
but CC O
not RB B-ADVP
enough RB I-ADVP
to TO B-VP
significantly RB I-VP
cut VB I-VP
dealer NN B-NP
stocks NNS I-NP
. . O

`` `` O
If IN B-SBAR
people NNS B-NP
are VBP B-VP
n't RB I-VP
buying VBG I-VP
, , O
you PRP B-NP
have VBP B-VP
to TO I-VP
close VB I-VP
plants NNS B-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Separately RB B-ADVP
, , O
Chrysler NNP B-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
idle VB I-VP
for IN B-PP
four CD B-NP
weeks NNS I-NP
the DT B-NP
St. NNP I-NP
Louis NNP I-NP
assembly NN I-NP
plant NN I-NP
that WDT B-NP
builds VBZ B-VP
the DT B-NP
Chrysler NNP I-NP
LeBaron NNP I-NP
and CC I-NP
Dodge NNP I-NP
Daytona NNP I-NP
models NNS I-NP
. . O

Chrysler NNP B-NP
officials NNS I-NP
said VBD B-VP
the DT B-NP
plant NN I-NP
is VBZ B-VP
scheduled VBN I-VP
to TO I-VP
resume VB I-VP
production NN B-NP
on IN B-PP
Nov. NNP B-NP
20. CD I-NP
, , O
and CC O
3,300 CD B-NP
hourly JJ I-NP
workers NNS I-NP
will MD B-VP
be VB I-VP
affected VBN I-VP
. . O

General NNP B-NP
Motors NNPS I-NP
Corp. NNP I-NP
, , O
meanwhile RB B-ADVP
, , O
said VBD B-VP
it PRP B-NP
will MD B-VP
idle VB I-VP
for IN B-PP
yet RB B-NP
another DT I-NP
week NN I-NP
its PRP$ B-NP
Linden NNP I-NP
, , I-NP
N.J. NNP I-NP
, , I-NP
assembly NN I-NP
plant NN I-NP
, , O
bringing VBG B-VP
to TO B-PP
three CD B-NP
weeks NNS I-NP
the DT B-NP
total JJ I-NP
time NN I-NP
that DT B-NP
plant NN I-NP
will MD B-VP
be VB I-VP
idled VBN I-VP
during IN B-PP
October NNP B-NP
. . O

GM NNP B-NP
said VBD B-VP
the DT B-NP
assembly NN I-NP
plant NN I-NP
, , O
which WDT B-NP
builds VBZ B-VP
the DT B-NP
Chevrolet NNP I-NP
Corsica NNP I-NP
and CC I-NP
Beretta NNP I-NP
compact JJ I-NP
cars NNS I-NP
, , O
originally RB B-VP
was VBD I-VP
scheduled VBN I-VP
to TO I-VP
reopen VB I-VP
Monday NNP B-NP
but CC O
now RB B-VP
will MD I-VP
not RB I-VP
resume VB I-VP
production NN B-NP
until IN B-PP
Oct. NNP B-NP
30 CD I-NP
. . O

The DT B-NP
shutdown NN I-NP
affects VBZ B-VP
3,000 CD B-NP
workers NNS I-NP
and CC O
will MD B-VP
cut VB I-VP
output NN B-NP
by IN B-PP
about IN B-NP
4,320 CD I-NP
cars NNS I-NP
. . O

Sluggish JJ B-NP
sales NNS I-NP
of IN B-PP
the DT B-NP
Beretta NNP I-NP
and CC I-NP
Corsica NNP I-NP
spurred VBD B-VP
GM NNP B-NP
to TO B-VP
offer VB I-VP
$ $ B-NP
800 CD I-NP
rebates NNS I-NP
on IN B-PP
those DT B-NP
cars NNS I-NP
. . O

The DT B-NP
Corsica NNP I-NP
and CC I-NP
Beretta NNP I-NP
make VB B-VP
up IN B-PRT
the DT B-NP
highest-volume JJ I-NP
car NN I-NP
line NN I-NP
at IN B-PP
Chevrolet NNP B-NP
, , O
but CC O
sales NNS B-NP
of IN B-PP
the DT B-NP
cars NNS I-NP
are VBP B-VP
off IN B-ADVP
9.6 CD B-NP
% NN I-NP
for IN B-PP
the DT B-NP
year NN I-NP
, , O
and CC O
fell VBD B-VP
a DT B-NP
steep JJ I-NP
34.2 CD I-NP
% NN I-NP
early JJ B-NP
this DT I-NP
month NN I-NP
. . O

GM NNP B-NP
has VBZ B-VP
scheduled VBN I-VP
overtime NN B-NP
at IN B-PP
its PRP$ B-NP
Lordstown NNP I-NP
, , I-NP
Ohio NNP I-NP
, , I-NP
and CC I-NP
Janesville NNP I-NP
, , I-NP
Wis. NNP I-NP
, , I-NP
assembly NN I-NP
plants NNS I-NP
, , O
which WDT B-NP
build VBP B-VP
the DT B-NP
Chevrolet NNP I-NP
Cavalier NNP I-NP
. . O

Ford NNP B-NP
Motor NNP I-NP
Co. NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
shut VB I-VP
down RB B-PRT
for IN B-PP
one CD B-NP
week NN I-NP
its PRP$ B-NP
Kentucky NNP I-NP
Truck NNP I-NP
Plant NNP I-NP
because IN B-PP
of IN I-PP
a DT B-NP
`` `` I-NP
shortage NN I-NP
of IN B-PP
dealer NN B-NP
orders NNS I-NP
. . O
'' '' O

The DT B-NP
shutdown NN I-NP
will MD B-VP
idle VB I-VP
2,000 CD B-NP
hourly JJ I-NP
employees NNS I-NP
and CC O
eliminate VB B-VP
production NN B-NP
of IN B-PP
about IN B-NP
1,300 CD I-NP
medium NN I-NP
and CC I-NP
heavy JJ I-NP
duty NN I-NP
trucks NNS I-NP
. . O

The DT B-NP
assembly NN I-NP
plant NN I-NP
is VBZ B-VP
scheduled VBN I-VP
to TO I-VP
resume VB I-VP
production NN B-NP
on IN B-PP
Oct. NNP B-NP
30 CD I-NP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
nine CD I-NP
major JJ I-NP
U.S. NNP I-NP
auto NN I-NP
makers NNS I-NP
plan VBP B-VP
to TO I-VP
build VB I-VP
143,178 CD B-NP
cars NNS I-NP
this DT B-NP
week NN I-NP
, , O
down RB B-ADVP
11.7 CD B-NP
% NN I-NP
from IN B-PP
162,190 CD B-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
and CC O
flat JJ B-ADJP
with IN B-PP
last JJ B-NP
week NN I-NP
's POS B-NP
142,117 CD I-NP
car NN I-NP
output NN I-NP
. . O

f NN B-NP
- : O
Includes VBZ B-VP
Chevrolet NNP B-NP
Prizm NNP I-NP
and CC O
Toyota NNP B-NP
Corolla NNP I-NP
. . O

r NN B-NP
- : O
Revised NNP B-VP
. . O

x NN B-NP
- : O
Year-to-date JJ B-NP
1988 CD I-NP
figure NN I-NP
includes VBZ B-VP
Volkswagen NNP B-NP
domestic-production NN I-NP
through IN B-PP
July NNP B-NP
. . O

LOTUS NNP B-NP
DEVELOPMENT NNP I-NP
Corp. NNP I-NP
's POS B-NP
net JJ I-NP
income NN I-NP
rose VBD B-VP
61 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
from IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Yesterday NN B-NP
's POS B-NP
edition NN I-NP
misstated VBD B-VP
the DT B-NP
percentage NN I-NP
increase NN I-NP
. . O

First NNP B-NP
Fidelity NNP I-NP
Bancorp. NNP I-NP
, , O
Lawrenceville NNP B-NP
, , O
N.J. NNP B-NP
, , O
reported VBD B-VP
a DT B-NP
24 CD I-NP
% NN I-NP
drop NN I-NP
in IN B-PP
third-quarter JJ B-NP
profit NN I-NP
, , O
because IN B-PP
of IN I-PP
a DT B-NP
decline NN I-NP
in IN B-PP
earning VBG B-NP
assets NNS I-NP
, , O
lower JJR B-NP
loan NN I-NP
volume NN I-NP
and CC O
tighter JJR B-NP
interest NN I-NP
margins NNS I-NP
. . O

The DT B-NP
bank NN I-NP
holding VBG I-NP
company NN I-NP
posted VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
54.4 CD I-NP
million CD I-NP
, , O
or CC O
87 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
including VBG B-PP
$ $ B-NP
1.7 CD I-NP
million CD I-NP
, , O
or CC O
three CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
one-time JJ B-NP
tax NN I-NP
benefits NNS I-NP
. . O

A DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
net NN B-NP
was VBD B-VP
$ $ B-NP
71.6 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.22 CD I-NP
a DT B-NP
share NN I-NP
. . O

First NNP B-NP
Fidelity NNP I-NP
said VBD B-VP
non-performing JJ B-NP
assets NNS I-NP
increased VBN B-VP
to TO B-PP
$ $ B-NP
482.3 CD I-NP
million CD I-NP
Sept. NNP B-NP
30 CD I-NP
from IN B-PP
$ $ B-NP
393.1 CD I-NP
million CD I-NP
June NNP B-NP
30 CD I-NP
. . O

The DT B-NP
rise NN I-NP
resulted VBD B-VP
from IN B-PP
the DT B-NP
transfer NN I-NP
to TO B-PP
non-accrual JJ B-NP
status NN I-NP
of IN B-PP
$ $ B-NP
96 CD I-NP
million CD I-NP
`` `` O
owed VBN B-VP
by IN B-PP
two CD B-NP
national JJ I-NP
borrowers NNS I-NP
and CC O
one CD B-NP
local JJ I-NP
commercial JJ I-NP
real-estate NN I-NP
customer NN I-NP
, , O
'' '' O
First NNP B-NP
Fidelity NNP I-NP
said VBD B-VP
. . O

It PRP B-NP
said VBD B-VP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
anticipate VB I-VP
any DT B-NP
loss NN I-NP
of IN B-PP
principal JJ B-NP
on IN B-PP
two CD B-NP
of IN B-PP
the DT B-NP
loans NNS I-NP
, , O
comprising VBG B-VP
$ $ B-NP
85 CD I-NP
million CD I-NP
of IN B-PP
these DT B-NP
credits NNS I-NP
. . O

First NNP B-NP
Fidelity NNP I-NP
said VBD B-VP
it PRP B-NP
boosted VBD B-VP
its PRP$ B-NP
loan-loss NN I-NP
provision NN I-NP
to TO B-PP
$ $ B-NP
50.9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
20.4 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
primarily RB B-PP
because IN I-PP
of IN I-PP
a DT B-NP
weaker JJR I-NP
real-estate NN I-NP
sector NN I-NP
in IN B-PP
the DT B-NP
region NN I-NP
. . O

VIACOM NNP B-NP
Inc. NNP I-NP
's POS B-NP
loss NN I-NP
narrowed VBD B-VP
to TO B-PP
$ $ B-NP
21.7 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
from IN B-PP
$ $ B-NP
56.9 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Thursday NNP B-NP
's POS B-NP
edition NN I-NP
misstated VBD B-VP
the DT B-NP
narrowing NN I-NP
. . O

Coastal NNP B-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
signed VBD B-VP
a DT B-NP
definitive JJ I-NP
agreement NN I-NP
with IN B-PP
Aruba NNP B-NP
to TO B-VP
restart VB I-VP
a DT B-NP
150,000-barrel-a-day JJ I-NP
oil NN I-NP
refinery NN I-NP
. . O

Coastal NNP B-NP
would MD B-VP
n't RB I-VP
disclose VB I-VP
the DT B-NP
terms NNS I-NP
. . O

Coastal NNP B-NP
, , O
a DT B-NP
Houston NNP I-NP
oil NN I-NP
and CC I-NP
gas NN I-NP
company NN I-NP
, , O
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
begin VB I-VP
operations NNS B-NP
in IN B-PP
October NNP B-NP
1990 CD I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
may MD B-VP
install VB I-VP
additional JJ B-NP
processing NN I-NP
units NNS I-NP
at IN B-PP
the DT B-NP
refinery NN I-NP
to TO B-VP
produce VB I-VP
higher JJR B-NP
octane NN I-NP
gasolines NNS I-NP
and CC O
other JJ B-NP
products NNS I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
leasing VBG I-VP
the DT B-NP
site NN I-NP
of IN B-PP
the DT B-NP
refinery NN I-NP
from IN B-PP
Aruba NNP B-NP
. . O

Exxon NNP B-NP
Corp. NNP I-NP
built VBD B-VP
the DT B-NP
plant NN I-NP
but CC O
closed VBD B-VP
it PRP B-NP
in IN B-PP
1985 CD B-NP
and CC O
sold VBN B-VP
off IN B-PRT
much NN B-NP
of IN B-PP
the DT B-NP
equipment NN I-NP
to TO B-PP
dismantling VBG B-NP
contractors NNS I-NP
, , O
from IN B-PP
whom WP B-NP
Coastal NNP B-NP
bought VBD B-VP
back JJ B-ADVP
much NN B-NP
of IN B-PP
the DT B-NP
equipment NN I-NP
. . O

A DT B-NP
Coastal NNP I-NP
spokesman NN I-NP
said VBD B-VP
the DT B-NP
biggest JJS I-NP
expense NN I-NP
will MD B-VP
be VB I-VP
to TO B-VP
refurbish VB I-VP
the DT B-NP
refinery NN I-NP
but CC O
would MD B-VP
n't RB I-VP
say VB I-VP
how WRB B-NP
much JJ I-NP
that WDT B-NP
would MD B-VP
be VB I-VP
. . O

The DT B-NP
prime JJ I-NP
minister NN I-NP
of IN B-PP
Aruba NNP B-NP
has VBZ B-VP
said VBD I-VP
it PRP B-NP
could MD B-VP
cost VB I-VP
around IN B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
. . O

Coastal NNP B-NP
said VBD B-VP
the DT B-NP
refinery NN I-NP
's POS B-NP
expected VBN I-NP
daily JJ I-NP
production NN I-NP
will MD B-VP
include VB I-VP
34,000 CD B-NP
barrels NNS I-NP
of IN B-PP
jet NN B-NP
fuel NN I-NP
, , O
32,000 CD B-NP
barrels NNS I-NP
of IN B-PP
low-sulfur JJ B-NP
diesel NN I-NP
fuel NN I-NP
, , O
30,000 CD B-NP
barrels NNS I-NP
of IN B-PP
naphtha NN B-NP
, , O
17,000 CD B-NP
barrels NNS I-NP
of IN B-PP
residual JJ B-NP
fuel NN I-NP
oil NN I-NP
, , O
8,000 CD B-NP
barrels NNS I-NP
of IN B-PP
asphalt NN B-NP
and CC O
25,000 CD B-NP
barrels NNS I-NP
of IN B-PP
low-sulfur JJ B-NP
catalytic JJ I-NP
cracker NN I-NP
feedstock NN I-NP
. . O

Loral NNP B-NP
Corp. NNP I-NP
said VBD B-VP
fiscal JJ B-NP
second-quarter JJ I-NP
net JJ I-NP
income NN I-NP
was VBD B-VP
$ $ B-NP
19.8 CD I-NP
million CD I-NP
, , O
or CC O
79 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
year-earlier JJ B-NP
earnings NNS I-NP
from IN B-PP
continuing VBG B-NP
operations NNS I-NP
of IN B-PP
$ $ B-NP
15.6 CD I-NP
million CD I-NP
, , O
or CC O
62 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Year-earlier JJ B-NP
net NN I-NP
of IN B-PP
$ $ B-NP
21 CD I-NP
million CD I-NP
, , O
or CC O
84 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
included VBD B-VP
the DT B-NP
results NNS I-NP
of IN B-PP
Loral NNP B-NP
's POS B-NP
former JJ I-NP
Aircraft NNP I-NP
Braking NNP I-NP
Systems NNPS I-NP
and CC I-NP
Engineered NNP I-NP
Fabrics NNP I-NP
divisions NNS I-NP
, , O
which WDT B-NP
were VBD B-VP
sold VBN I-VP
April NNP B-NP
27 CD I-NP
to TO B-PP
the DT B-NP
company NN I-NP
's POS B-NP
chairman NN I-NP
, , O
Bernard NNP B-NP
L. NNP I-NP
Schwartz NNP I-NP
. . O

The DT B-NP
defense NN I-NP
electronics NNS I-NP
concern VBP I-NP
attributed VBD B-VP
the DT B-NP
operating VBG I-NP
improvement NN I-NP
to TO B-PP
higher JJR B-NP
profit NN I-NP
margins NNS I-NP
and CC O
lower JJR B-NP
net JJ I-NP
interest NN I-NP
expense NN I-NP
. . O

Loral NNP B-NP
also RB B-ADVP
reported VBD B-VP
that IN B-SBAR
its PRP$ B-NP
bookings NNS I-NP
more RBR B-VP
than IN I-VP
doubled VBN I-VP
to TO B-PP
$ $ B-NP
654 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
, , O
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
, , O
from IN B-PP
$ $ B-NP
257 CD I-NP
million CD I-NP
, , O
in IN B-PP
the DT B-NP
year-before JJ I-NP
period NN I-NP
. . O

The DT B-NP
increase NN I-NP
was VBD B-VP
due JJ B-ADJP
mainly RB I-ADJP
to TO B-PP
a DT B-NP
$ $ I-NP
325 CD I-NP
million CD I-NP
order NN I-NP
from IN B-PP
Turkey NNP B-NP
to TO B-VP
equip VB I-VP
its PRP$ B-NP
fleet NN I-NP
of IN B-PP
F-16 NNP B-NP
fighters NNS I-NP
with IN B-PP
Loral NNP B-NP
's POS B-NP
ALQ-178 NNP I-NP
Rapport NNP I-NP
III NNP I-NP
electronic JJ I-NP
countermeasures NNS I-NP
system NN I-NP
. . O

The DT B-NP
order NN I-NP
is VBZ B-VP
the DT B-NP
biggest JJS I-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
history NN I-NP
. . O

Sales NNS B-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
period NN I-NP
edged VBD B-VP
up IN B-ADVP
to TO B-PP
$ $ B-NP
295.7 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
293.9 CD I-NP
million CD I-NP
. . O

Mr. NNP B-NP
Schwartz NNP I-NP
said VBD B-VP
the DT B-NP
recent JJ I-NP
increase NN I-NP
in IN B-PP
orders NNS B-NP
`` `` O
puts VBZ B-VP
us PRP B-NP
well RB B-PP
on IN I-PP
the DT B-NP
way NN I-NP
to TO B-PP
our PRP$ B-NP
goal NN I-NP
of IN B-PP
$ $ B-NP
1.6 CD I-NP
billion CD I-NP
in IN B-PP
bookings NNS B-NP
for IN B-PP
the DT B-NP
year NN I-NP
. . O
'' '' O

He PRP B-NP
added VBD B-VP
: : O
`` `` O
I PRP B-NP
expect VBP B-VP
to TO I-VP
see VB I-VP
the DT B-NP
earnings NNS I-NP
momentum NN I-NP
we PRP B-NP
experienced VBD B-VP
this DT B-NP
quarter NN I-NP
continue VB B-VP
for IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
. . O
'' '' O

Loral NNP B-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
sales NNS B-NP
to TO B-VP
accelerate VB I-VP
in IN B-PP
both DT B-NP
the DT I-NP
third JJ I-NP
and CC I-NP
fourth JJ I-NP
quarters NNS I-NP
of IN B-PP
this DT B-NP
fiscal JJ I-NP
year NN I-NP
. . O

Loral NNP B-NP
's POS B-NP
profit NN I-NP
from IN B-PP
continuing VBG B-NP
operations NNS I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
six CD I-NP
months NNS I-NP
of IN B-PP
fiscal JJ B-NP
1990 CD I-NP
was VBD B-VP
$ $ B-NP
36.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.44 CD I-NP
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
31 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
27.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.11 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Net JJ B-NP
income NN I-NP
fell VBD B-VP
8.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
37.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.43 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
40.6 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.56 CD I-NP
a DT B-NP
share NN I-NP
. . O

Fiscal JJ B-NP
first-half JJ I-NP
sales NNS I-NP
slipped VBD B-VP
3.9 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
528.4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
549.9 CD I-NP
million CD I-NP
. . O

Bookings NNS B-NP
for IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
totaled VBD B-VP
$ $ B-NP
813 CD I-NP
million CD I-NP
, , O
compared VBN B-PP
with IN B-PP
the DT B-NP
$ $ I-NP
432 CD I-NP
million CD I-NP
recorded VBN B-VP
last JJ B-NP
year NN I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Loral NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
33.25 CD I-NP
, , O
down RB B-ADVP
37.5 CD B-NP
cents NNS I-NP
. . O

HealthVest NNP B-NP
said VBD B-VP
two CD B-NP
of IN B-PP
its PRP$ B-NP
lenders NNS I-NP
have VBP B-VP
given VBN I-VP
it PRP B-NP
notices NNS B-NP
of IN B-PP
default NN B-NP
on IN B-PP
bank NN B-NP
loans NNS I-NP
and CC O
said VBD B-VP
they PRP B-NP
may MD B-VP
take VB I-VP
actions NNS B-NP
to TO B-VP
recover VB I-VP
their PRP$ B-NP
loans NNS I-NP
. . O

HealthVest NNP B-NP
, , O
an DT B-NP
Austin NNP I-NP
, , I-NP
Texas NNP I-NP
, , I-NP
real JJ I-NP
estate NN I-NP
investment NN I-NP
trust NN I-NP
, , O
said VBD B-VP
that IN B-SBAR
Chemical NNP B-NP
Bank NNP I-NP
, , O
the DT B-NP
lead NN I-NP
bank NN I-NP
under IN B-PP
its PRP$ B-NP
domestic JJ I-NP
bank NN I-NP
agreement NN I-NP
, , O
told VBD B-VP
it PRP B-NP
that IN B-SBAR
if IN B-SBAR
$ $ B-NP
3.3 CD I-NP
million CD I-NP
owed VBN B-VP
to TO B-PP
the DT B-NP
bank NN I-NP
group NN I-NP
is VBZ B-VP
n't RB I-VP
paid VBN I-VP
by IN B-PP
today NN B-NP
, , O
the DT B-NP
group NN I-NP
will MD B-VP
call VB I-VP
the DT B-NP
$ $ I-NP
120 CD I-NP
million CD I-NP
that IN B-NP
HealthVest NNP B-NP
has VBZ B-VP
outstanding JJ B-ADJP
under IN B-PP
the DT B-NP
credit NN I-NP
line NN I-NP
. . O

The DT B-NP
bank NN I-NP
group NN I-NP
also RB B-ADVP
said VBD B-VP
that IN B-SBAR
it PRP B-NP
wo MD B-VP
n't RB I-VP
make VB I-VP
additional JJ B-NP
advances NNS I-NP
under IN B-PP
the DT B-NP
$ $ I-NP
150 CD I-NP
million CD I-NP
credit NN I-NP
line NN I-NP
. . O

HealthVest NNP B-NP
missed VBD B-VP
a DT B-NP
payment NN I-NP
to TO B-PP
the DT B-NP
group NN I-NP
that WDT B-NP
was VBD B-VP
due JJ B-ADJP
in IN B-PP
late JJ B-NP
September NNP I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
HealthVest NNP B-NP
said VBD B-VP
Bank NNP B-NP
of IN B-PP
Tokyo NNP B-NP
Trust NNP I-NP
Co. NNP I-NP
also RB B-ADVP
has VBZ B-VP
notified VBN I-VP
it PRP B-NP
of IN B-PP
a DT B-NP
default NN I-NP
and CC O
said VBD B-VP
it PRP B-NP
might MD B-VP
take VB I-VP
action NN B-NP
to TO B-VP
cure VB I-VP
the DT B-NP
default NN I-NP
. . O

HealthVest NNP B-NP
missed VBD B-VP
an DT B-NP
interest NN I-NP
payment NN I-NP
to TO B-PP
Bank NNP B-NP
of IN B-PP
Tokyo NNP B-NP
on IN B-PP
Oct. NNP B-NP
1 CD I-NP
. . O

However RB B-ADVP
, , O
HealthVest NNP B-NP
said VBD B-VP
the DT B-NP
Tokyo NNP I-NP
bank NN I-NP
indicated VBD B-VP
that IN B-SBAR
it PRP B-NP
wo MD B-VP
n't RB I-VP
accelerate VB I-VP
HealthVest NNP B-NP
's POS B-NP
$ $ B-ADJP
50 CD O
million CD O
loan NN B-NP
. . O

HealthVest NNP B-NP
is VBZ B-VP
in IN B-PP
a DT B-NP
severe JJ I-NP
liquidity NN I-NP
bind NN I-NP
because IN B-SBAR
its PRP$ B-NP
affiliate NN I-NP
, , O
Healthcare NNP B-NP
International NNP I-NP
Inc. NNP I-NP
, , O
has VBZ B-VP
failed VBN I-VP
to TO I-VP
make VB I-VP
about RB B-NP
$ $ I-NP
10.6 CD I-NP
million CD I-NP
in IN B-PP
principal NN B-NP
and CC I-NP
interest NN I-NP
payments NNS I-NP
owed VBN B-VP
since IN B-PP
August NNP B-NP
. . O

Healthcare NNP B-NP
operates VBZ B-VP
many NN B-NP
of IN B-PP
the DT B-NP
health-care NN I-NP
properties NNS I-NP
that IN B-NP
HealthVest NNP B-NP
owns VBZ B-VP
. . O

EMPIRE NNP B-NP
PENCIL NNP I-NP
, , O
later RB B-VP
called VBN I-VP
Empire-Berol NNP B-NP
, , O
developed VBD B-VP
the DT B-NP
plastic NN I-NP
pencil NN I-NP
in IN B-PP
1973 CD B-NP
. . O

Yesterday NN B-NP
's POS B-NP
Centennial NNP I-NP
Journal NNP I-NP
misstated VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
name NN I-NP
. . O

Storage NNP B-NP
Technology NNP I-NP
Corp. NNP I-NP
had VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
8.3 CD I-NP
million CD I-NP
, , O
or CC O
32 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
for IN B-PP
its PRP$ B-NP
fiscal-third JJ I-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
29 CD I-NP
, , O
almost RB B-NP
15 CD I-NP
times VBZ I-NP
the DT I-NP
$ $ I-NP
557,000 CD I-NP
, , O
or CC O
two CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
it PRP B-NP
posted VBD B-VP
for IN B-PP
the DT B-NP
year-ago JJ I-NP
period NN I-NP
. . O

Storage NNP B-NP
, , O
Louisville NNP B-NP
, , O
Colo. NNP B-NP
, , O
which WDT B-NP
makes VBZ B-VP
data-storage JJ B-NP
devices NNS I-NP
for IN B-PP
mainframe NN B-NP
computers NNS I-NP
, , O
said VBD B-VP
the DT B-NP
huge JJ I-NP
increase NN I-NP
in IN B-PP
net NN B-NP
reflects VBZ B-VP
`` `` O
strong JJ B-NP
sales NNS I-NP
'' '' O
of IN B-PP
its PRP$ B-NP
tape NN I-NP
products NNS I-NP
, , O
particularly RB B-ADVP
the DT B-NP
4400 CD I-NP
Automated NNP I-NP
Cartridge NNP I-NP
System NNP I-NP
, , O
which WDT B-NP
holds VBZ B-VP
a DT B-NP
library NN I-NP
of IN B-PP
tape NN B-NP
cartridges NNS I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
recently RB B-ADVP
sold VBD B-VP
its PRP$ B-NP
750th JJ I-NP
cartridge NN I-NP
system NN I-NP
, , O
which WDT B-NP
cost VBP B-VP
$ $ B-NP
400,000 CD I-NP
to TO I-NP
$ $ I-NP
500,000 CD I-NP
each DT B-ADVP
. . O

Quarter NN B-NP
revenue NN I-NP
was VBD B-VP
$ $ B-NP
232.6 CD I-NP
million CD I-NP
, , O
up IN B-ADVP
12 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
206 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
. . O

The DT B-NP
stock NN I-NP
market NN I-NP
reacted VBD B-VP
strongly RB B-ADVP
to TO B-PP
the DT B-NP
news NN I-NP
. . O

Storage NNP B-NP
rose VBD B-VP
$ $ B-NP
1.125 CD I-NP
a DT B-NP
share NN I-NP
, , O
to TO B-VP
close VB I-VP
at IN B-PP
$ $ B-NP
14 CD I-NP
, , O
in IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Storage NNP B-NP
had VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
25.5 CD I-NP
million CD I-NP
, , O
or CC O
98 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
including VBG B-PP
an DT B-NP
$ $ I-NP
11.3 CD I-NP
million CD I-NP
extraordinary JJ I-NP
gain NN I-NP
for IN B-PP
the DT B-NP
anticipated VBN I-NP
proceeds NNS I-NP
from IN B-PP
liquidating VBG B-VP
an DT B-NP
Irish JJ I-NP
unit NN I-NP
. . O

Net NN B-NP
was VBD B-VP
up IN B-ADVP
69 CD B-NP
% NN I-NP
from IN B-PP
$ $ B-NP
15.1 CD I-NP
million CD I-NP
, , O
or CC O
57 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
last JJ B-NP
year NN I-NP
. . O

Revenue NN B-NP
for IN B-PP
the DT B-NP
latest JJS I-NP
period NN I-NP
was VBD B-VP
up IN B-ADVP
11 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
682.7 CD I-NP
million CD I-NP
, , O
from IN B-PP
$ $ B-NP
614.6 CD I-NP
million CD I-NP
. . O

A DT B-NP
Canadian JJ I-NP
government NN I-NP
agency NN I-NP
conditionally RB B-VP
approved VBD I-VP
proposed VBN B-NP
exports NNS I-NP
to TO B-PP
the DT B-NP
U.S. NNP I-NP
of IN B-PP
natural JJ B-NP
gas NN I-NP
from IN B-PP
big JJ B-NP
, , I-NP
untapped JJ I-NP
fields NNS I-NP
in IN B-PP
the DT B-NP
Mackenzie NNP I-NP
River NNP I-NP
delta NN I-NP
area NN I-NP
of IN B-PP
the DT B-NP
western JJ I-NP
Canadian NNP I-NP
Arctic NNP I-NP
. . O

Three CD B-NP
companies NNS I-NP
, , O
Esso NNP B-NP
Resources NNP I-NP
Canada NNP I-NP
Ltd. NNP I-NP
, , O
Shell NNP B-NP
Canada NNP I-NP
Ltd. NNP I-NP
and CC O
Gulf NNP B-NP
Canada NNP I-NP
Resources NNP I-NP
Ltd. NNP I-NP
, , O
applied VBN B-VP
to TO B-PP
the DT B-NP
Canadian NNP I-NP
National NNP I-NP
Energy NNP I-NP
Board NNP I-NP
to TO B-VP
export VB I-VP
9.2 CD B-NP
trillion CD I-NP
cubic JJ I-NP
feet NNS I-NP
of IN B-PP
Mackenzie NNP B-NP
delta NN I-NP
natural JJ I-NP
gas NN I-NP
over IN B-PP
20 CD B-NP
years NNS I-NP
starting VBG B-VP
in IN B-PP
1996 CD B-NP
. . O

To TO B-VP
be VB I-VP
economically RB B-ADJP
feasible JJ I-ADJP
, , O
the DT O
11 CD O
billion CD O
Canadian JJ O
dollar NN O
-LRB- ( O
US$ $ B-ADJP
9.37 CD O
billion CD O
-RRB- ) O
project NN B-NP
requires VBZ B-VP
almost RB B-NP
a DT I-NP
doubling NN I-NP
of IN B-PP
natural JJ B-NP
gas NN I-NP
export NN I-NP
prices NNS I-NP
. . O

It PRP B-NP
also RB B-ADVP
faces VBZ B-VP
numerous JJ B-NP
other JJ I-NP
hurdles NNS I-NP
including VBG B-PP
an DT B-NP
agreement NN I-NP
on IN B-PP
a DT B-NP
pipeline NN I-NP
route NN I-NP
for IN B-PP
the DT B-NP
gas NN I-NP
. . O

The DT B-NP
board NN I-NP
said VBD B-VP
the DT B-NP
export NN I-NP
licenses NNS I-NP
would MD B-VP
be VB I-VP
issued VBN I-VP
on IN B-PP
the DT B-NP
condition NN I-NP
that IN B-SBAR
Canadian JJ B-NP
interests NNS I-NP
would MD B-VP
also RB I-VP
be VB I-VP
allowed VBN I-VP
to TO I-VP
bid VB I-VP
for IN B-PP
the DT B-NP
Mackenzie NNP I-NP
delta NN I-NP
gas NN I-NP
on IN B-PP
terms NNS B-NP
similar JJ B-ADJP
to TO B-PP
those DT B-NP
offered VBN B-VP
to TO B-PP
U.S. NNP B-NP
customers NNS I-NP
. . O

U.S. NNP B-NP
buyers NNS I-NP
have VBP B-VP
already RB I-VP
been VBN I-VP
lined VBN I-VP
up RB B-PRT
. . O

They PRP B-NP
include VBP B-VP
Enron NNP B-NP
Corp. NNP I-NP
, , O
Texas NNP B-NP
Eastern NNP I-NP
Corp. NNP I-NP
, , O
Pacific NNP B-NP
Interstate NNP I-NP
Transmission NNP I-NP
Co. NNP I-NP
and CC O
Tennessee NNP B-NP
Gas NNP I-NP
Pipeline NNP I-NP
Co NNP I-NP
. . O

The DT B-NP
project NN I-NP
could MD B-VP
result VB I-VP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
taking VBG B-VP
more JJR B-NP
than IN I-NP
10 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
natural JJ I-NP
gas NN I-NP
supplies NNS I-NP
from IN B-PP
Canada NNP B-NP
, , O
up IN B-ADVP
from IN B-PP
about IN B-NP
5 NN I-NP
% NN I-NP
currently RB B-ADVP
. . O

It PRP B-NP
would MD B-VP
bring VB I-VP
13 CD B-NP
gas NN I-NP
fields NNS I-NP
into IN B-PP
production NN B-NP
at IN B-PP
a DT B-NP
combined VBN I-NP
rate NN I-NP
of IN B-PP
about IN B-NP
1.2 CD I-NP
billion CD I-NP
cubic JJ I-NP
feet NNS I-NP
a DT B-NP
day NN I-NP
. . O

The DT B-NP
board NN I-NP
estimated VBN B-VP
that IN B-SBAR
the DT B-NP
cost NN I-NP
of IN B-PP
building VBG B-VP
a DT B-NP
pipeline NN I-NP
from IN B-PP
the DT B-NP
Mackenzie NNP I-NP
delta NN I-NP
to TO B-PP
Alberta NNP B-NP
would MD B-VP
be VB I-VP
about IN B-NP
C$ $ I-NP
5.9 CD I-NP
million CD I-NP
. . O

It PRP B-NP
also RB B-ADVP
said VBD B-VP
projections NNS B-NP
of IN B-PP
surging VBG B-NP
U.S. NNP I-NP
demand NN I-NP
for IN B-PP
natural JJ B-NP
gas NN I-NP
and CC O
price NN B-NP
forecasts NNS I-NP
of IN B-PP
C$ $ B-NP
5.25 CD I-NP
per IN B-PP
thousand CD B-NP
cubic JJ I-NP
feet NNS I-NP
by IN B-PP
2005 CD B-NP
would MD B-VP
make VB I-VP
the DT B-NP
project NN I-NP
economically RB B-ADJP
viable JJ I-ADJP
. . O

Esso NNP B-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Imperial NNP B-NP
Oil NNP I-NP
Ltd. NNP I-NP
which WDT B-NP
is VBZ B-VP
71%-owned JJ B-ADJP
by IN B-PP
Exxon NNP B-NP
Corp. NNP I-NP
, , O
will MD B-VP
be VB I-VP
allowed VBN I-VP
to TO I-VP
export VB I-VP
5.1 CD B-NP
trillion CD I-NP
cubic JJ I-NP
feet NNS I-NP
to TO B-PP
the DT B-NP
U.S. NNP I-NP
in IN B-PP
the DT B-NP
20-year JJ I-NP
period NN I-NP
. . O

Shell NNP B-NP
, , O
a DT B-NP
subsidiary NN I-NP
of IN B-PP
Royal NNP B-NP
Dutch\/Shell NNP I-NP
Group NNP I-NP
, , O
will MD B-VP
be VB I-VP
allowed VBN I-VP
to TO I-VP
export VB I-VP
0.9 CD B-NP
trillion CD I-NP
cubic JJ I-NP
feet NNS I-NP
, , O
and CC O
Gulf NNP B-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Olympia NNP B-NP
& CC I-NP
York NNP I-NP
Developments NNP I-NP
Ltd. NNP I-NP
will MD B-VP
be VB I-VP
allowed VBN I-VP
to TO I-VP
export VB I-VP
3.2 CD B-NP
trillion CD I-NP
cubic JJ I-NP
feet NNS I-NP
. . O

Combustion NNP B-NP
Engineering NNP I-NP
Inc. NNP I-NP
, , O
Stamford NNP B-NP
, , O
Conn. NNP B-NP
, , O
said VBD B-VP
it PRP B-NP
sold VBD B-VP
and CC O
agreed VBD B-VP
to TO I-VP
sell VB I-VP
several JJ B-NP
investments NNS I-NP
and CC I-NP
nonstrategic JJ I-NP
businesses NNS I-NP
for IN B-PP
about RB B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
, , O
which WDT B-NP
will MD B-VP
be VB I-VP
used VBN I-VP
for IN B-PP
reducing VBG B-VP
debt NN B-NP
and CC O
general JJ B-NP
purposes NNS I-NP
. . O

The DT B-NP
transactions NNS I-NP
are VBP B-VP
unrelated JJ B-ADJP
. . O

The DT B-NP
company NN I-NP
agreed VBD B-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
minority NN I-NP
investments NNS I-NP
in IN B-PP
makers NNS B-NP
of IN B-PP
steam-generating NN B-NP
and CC I-NP
related VBN I-NP
equipment NN I-NP
, , O
Stein NNP B-NP
Industrie NNP I-NP
and CC O
Energie NNP B-NP
& CC I-NP
Verfahrenstechnik NNP I-NP
, , O
to TO B-PP
the DT B-NP
major JJ I-NP
shareholder NN I-NP
in IN B-PP
the DT B-NP
companies NNS I-NP
, , O
Dutch-based JJ B-NP
GEC NNP I-NP
Alsthom NNP I-NP
N.V NNP I-NP
. . O

Combustion NNP B-NP
Engineering NNP I-NP
, , O
which WDT B-NP
provides VBZ B-VP
engineered VBN B-NP
products NNS I-NP
, , O
systems NNS B-NP
and CC O
services NNS B-NP
for IN B-PP
power NN B-NP
generation NN I-NP
, , O
also RB B-ADVP
sold VBN B-VP
Illinois NNP B-NP
Minerals NNP I-NP
Co. NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Cairo NNP B-NP
, , O
Ill NNP B-NP
. . O

That DT B-NP
unit NN I-NP
of IN B-PP
its PRP$ B-NP
Georgia NNP I-NP
Kaolin NNP I-NP
Co. NNP I-NP
subsidiary NN I-NP
was VBD B-VP
sold VBN I-VP
to TO B-PP
a DT B-NP
unit NN I-NP
of IN B-PP
Unimin NNP B-NP
Corp NNP I-NP
. . O

Assets NNS B-NP
of IN B-PP
Construction NNP B-NP
Equipment NNP I-NP
International NNP I-NP
, , O
Houston NNP B-NP
, , O
were VBD B-VP
sold VBN I-VP
to TO B-PP
Essex NNP B-NP
Crane NNP I-NP
Inc. NNP I-NP
, , O
and CC O
the DT B-NP
assets NNS I-NP
of IN B-PP
Elgin NNP B-NP
Electronics NNP I-NP
, , O
Erie NNP B-NP
, , O
Pa. NNP B-NP
, , O
were VBD B-VP
sold VBN I-VP
to TO B-PP
closely RB B-NP
held VBN I-NP
Charter NNP I-NP
Technologies NNP I-NP
Inc NNP I-NP
. . O

Where WRB B-ADVP
do VBP O
Americans NNPS B-NP
put VB B-VP
their PRP$ B-NP
money NN I-NP
? . O

It PRP B-NP
depends VBZ B-VP
on IN B-PP
when WRB B-ADVP
you PRP B-NP
look VBP B-VP
. . O

In IN B-PP
1900 CD B-NP
, , O
for IN B-PP
instance NN B-NP
, , O
less JJR B-NP
than IN I-NP
8 CD I-NP
% NN I-NP
of IN B-PP
assets NNS B-NP
went VBD B-VP
into IN B-PP
bank NN B-NP
deposits NNS I-NP
. . O

That DT B-NP
rose VBD B-VP
to TO B-PP
nearly RB B-NP
18 CD I-NP
% NN I-NP
during IN B-PP
the DT B-NP
Depression NNP I-NP
, , O
and CC O
has VBZ B-VP
n't RB I-VP
changed VBN I-VP
much JJ B-ADVP
since RB B-ADVP
. . O

Pension NN B-NP
reserves NNS I-NP
, , O
on IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
made VBN B-VP
up IN B-PRT
a DT B-NP
relatively RB I-NP
small JJ I-NP
part NN I-NP
of IN B-PP
household NN B-NP
assets NNS I-NP
until IN B-PP
the DT B-NP
last JJ I-NP
decade NN I-NP
, , O
when WRB B-ADVP
they PRP B-NP
skyrocketed VBD B-VP
. . O

And CC O
there EX B-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
drastic JJ I-NP
decline NN I-NP
in IN B-PP
the DT B-NP
importance NN I-NP
of IN B-PP
unincorporated JJ B-NP
business NN I-NP
assets NNS I-NP
-- : O
thanks NNS B-NP
to TO B-PP
industry NN B-NP
consolidation NN I-NP
and CC O
a DT B-NP
decline NN I-NP
in IN B-PP
family NN B-NP
farms NNS I-NP
. . O

That DT B-NP
's VBZ B-VP
some DT B-NP
of IN B-PP
what WP B-NP
emerges VBZ B-VP
from IN B-PP
the DT B-NP
following VBG I-NP
charts NNS I-NP
, , O
which WDT B-NP
show VBP B-VP
how WRB B-ADVP
Americans NNPS B-NP
have VBP B-VP
changed VBN I-VP
their PRP$ B-NP
investment NN I-NP
patterns NNS I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
90 CD I-NP
years NNS I-NP
. . O

Some DT B-NP
results NNS I-NP
are VBP B-VP
self-explanatory JJ B-ADJP
. . O

But CC O
other JJ B-NP
figures NNS I-NP
are VBP B-VP
surprising JJ B-ADJP
. . O

Housing NNP B-NP
, , O
for IN B-PP
instance NN B-NP
, , O
has VBZ B-VP
remained VBN I-VP
a DT B-NP
fairly RB I-NP
steady JJ I-NP
component NN I-NP
of IN B-PP
household NN B-NP
assets NNS I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
decade NN I-NP
-- : O
although IN B-SBAR
common JJ B-NP
wisdom NN I-NP
would MD B-VP
have VB I-VP
expected VBN I-VP
an DT B-NP
increase NN I-NP
. . O

`` `` O
There EX B-NP
is VBZ B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
attention NN B-NP
paid VBN B-VP
to TO B-PP
housing NN B-NP
as IN B-PP
a DT B-NP
form NN I-NP
of IN B-PP
household NN B-NP
wealth NN I-NP
, , O
'' '' O
says VBZ B-VP
Edward NNP B-NP
N. NNP I-NP
Wolff NNP I-NP
, , O
professor NN B-NP
of IN B-PP
economics NNS B-NP
at IN B-PP
New NNP B-NP
York NNP I-NP
University NNP I-NP
. . O

`` `` O
But CC O
it PRP B-NP
has VBZ B-VP
n't RB I-VP
increased VBN I-VP
much JJ B-ADVP
relative JJ B-ADVP
to TO B-PP
other JJ B-NP
assets NNS I-NP
. . O

It PRP B-NP
suggests VBZ B-VP
that IN B-SBAR
households NNS B-NP
accumulate VBP B-VP
wealth NN B-NP
across IN B-PP
a DT B-NP
broad JJ I-NP
spectrum NN I-NP
of IN B-PP
assets NNS B-NP
. . O

And CC O
housing NN B-NP
though IN B-SBAR
it PRP B-NP
appears VBZ B-VP
in IN B-PP
the DT B-NP
popular JJ I-NP
mind NN I-NP
as IN B-PP
being VBG B-VP
the DT B-NP
major JJ I-NP
-LCB- ( O
growing VBG O
-RCB- ) O
household NN B-NP
asset NN I-NP
, , O
is VBZ B-VP
n't RB O
. . O
'' '' O

In IN B-PP
addition NN B-NP
, , O
investors NNS B-NP
' POS B-NP
desire NN I-NP
to TO B-VP
hold VB I-VP
stocks NNS B-NP
-- : O
directly RB B-ADVP
and CC O
through IN B-PP
mutual JJ B-NP
funds NNS I-NP
-- : O
has VBZ B-VP
held VBN I-VP
surprisingly RB B-ADJP
steady JJ I-ADJP
; : O
stocks NNS B-NP
' POS B-NP
importance NN I-NP
among IN B-PP
assets NNS B-NP
largely RB B-VP
reflects VBZ I-VP
the DT B-NP
ups NNS I-NP
and CC I-NP
downs NNS I-NP
of IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
, , B-NP
and CC I-NP
not RB I-NP
a DT B-NP
shift NN I-NP
in IN B-PP
stock-holding JJ B-NP
preferences NNS I-NP
. . O

`` `` O
Stocks NNS B-NP
have VBP B-VP
not RB I-VP
spread VB I-VP
to TO B-PP
the DT B-NP
general JJ I-NP
public NN I-NP
, , O
despite IN B-PP
the DT B-NP
fact NN I-NP
that IN B-SBAR
the DT B-NP
environment NN I-NP
is VBZ B-VP
much JJ B-ADJP
different JJ I-ADJP
, , O
'' '' O
concludes VBZ B-VP
Robert NNP B-NP
Avery NNP I-NP
, , O
an DT B-NP
economist NN I-NP
at IN B-PP
Cornell NNP B-NP
University NNP I-NP
. . O

`` `` O
To TO B-PP
me PRP B-NP
it PRP B-NP
says VBZ B-VP
that IN B-SBAR
despite IN B-PP
all PDT B-NP
the DT I-NP
views NNS I-NP
that IN B-SBAR
we PRP B-NP
spend VBP B-VP
too RB B-NP
much NN I-NP
of IN B-PP
our PRP$ B-NP
wealth NN I-NP
on IN B-PP
paper NN B-NP
assets NNS I-NP
, , O
we PRP B-NP
have VBP B-VP
ways NNS B-NP
of IN B-PP
holding VBG B-VP
wealth NN B-NP
similar JJ B-ADJP
to TO B-PP
100 CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O
'' '' O

-- : O
The DT B-NP
charts NNS I-NP
show VBP B-VP
how WRB B-ADVP
househld JJ B-NP
assets NNS I-NP
have VBP B-VP
been VBN I-VP
distributed VBN I-VP
over IN B-PP
time NN B-NP
. . O

The DT B-NP
main JJ I-NP
components NNS I-NP
of IN B-PP
the DT B-NP
various JJ I-NP
asseet NN I-NP
categories NNS I-NP
: : O
Housing NNP B-NP
: : O
Primary JJ B-NP
home NN I-NP
, , B-NP
but CC I-NP
not RB I-NP
the DT B-NP
land NN I-NP
it PRP B-NP
's VBZ B-VP
on RB B-PP
. . O

Land NNP B-NP
and CC O
Other JJ B-NP
Real NNP I-NP
Estate NNP I-NP
: : O
Land NNP B-NP
on IN B-PP
which WDT B-NP
primary JJ B-NP
home NN I-NP
is VBZ B-VP
built VBN I-VP
, , O
investment NN B-NP
property NN I-NP
. . O

Consumer NNP B-NP
Durables NNPS I-NP
: : O
Automobiles NNS B-NP
, , I-NP
appliances NNS I-NP
, , I-NP
furniture NN I-NP
. . O

Bank NN B-NP
Deposits NNS I-NP
: : O
Currency NN B-NP
, , O
checking-account JJ B-NP
deposits NNS I-NP
, , O
small JJ B-NP
savings NNS I-NP
and CC I-NP
time NN I-NP
deposits NNS I-NP
, , O
certificates NNS B-NP
of IN B-PP
deposits NNS B-NP
, , O
money-market JJ B-NP
fund NN I-NP
shares NNS I-NP
. . O

Bonds NNS B-NP
: : O
Excludes VBZ B-VP
bond NN B-NP
funds NNS I-NP
. . O

Stocks\/Mutual NNP B-NP
Funds NNS I-NP
: : O
Stocks NNS B-NP
and CC O
mutual JJ B-NP
funds NNS I-NP
other JJ B-ADJP
than IN B-PP
money-market JJ B-NP
funds NNS I-NP
. . O

Unincorporated NNP B-NP
Business NNP I-NP
: : O
Partnerships NNS B-NP
and CC O
sole JJ B-NP
proprietorships NNS I-NP
, , O
professional JJ B-NP
corporations NNS I-NP
. . O

Pension NN B-NP
Reserves NNS I-NP
: : O
Holdings NNP B-NP
by IN B-PP
pension NN B-NP
funds NNS I-NP
. . O

McCaw NNP B-NP
Cellular NNP I-NP
Communications NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
sent VBD B-VP
a DT B-NP
letter NN I-NP
to TO B-PP
LIN NNP B-NP
Broadcasting NNP I-NP
Corp. NNP I-NP
clarifying VBG B-VP
its PRP$ B-NP
revised VBN I-NP
tender NN I-NP
offer NN I-NP
for IN B-PP
LIN NNP B-NP
and CC O
asking VBG B-VP
LIN NNP B-NP
to TO B-VP
conduct VB I-VP
`` `` O
a DT B-NP
fair JJ I-NP
auction NN I-NP
. . O
'' '' O

The DT B-NP
letter NN I-NP
apparently RB B-ADVP
came VBD B-VP
in IN B-PP
response NN B-NP
to TO B-PP
a DT B-NP
request NN I-NP
for IN B-PP
clarification NN B-NP
by IN B-PP
LIN NNP B-NP
earlier RBR B-NP
this DT I-NP
week NN I-NP
. . O

LIN NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
agreed VBN I-VP
with IN B-PP
BellSouth NNP B-NP
Corp. NNP I-NP
to TO B-VP
merge VB I-VP
their PRP$ B-NP
cellular-telephone JJ I-NP
businesses NNS I-NP
, , O
said VBD B-VP
then RB B-ADVP
that IN B-SBAR
it PRP B-NP
would MD B-VP
n't RB I-VP
take VB I-VP
a DT B-NP
position NN I-NP
on IN B-PP
McCaw NNP B-NP
's POS B-NP
revised VBN I-NP
tender NN I-NP
offer NN I-NP
. . O

Earlier RBR B-NP
this DT I-NP
month NN I-NP
, , O
McCaw NNP B-NP
revised VBD B-VP
its PRP$ B-NP
offer NN I-NP
to TO B-PP
$ $ B-NP
125 CD I-NP
a DT B-NP
share NN I-NP
for IN B-PP
22 CD B-NP
million CD I-NP
LIN NNP I-NP
shares NNS I-NP
. . O

McCaw NNP B-NP
is VBZ B-VP
seeking VBG I-VP
50.3 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
cellular JJ I-NP
and CC I-NP
broadcasting NN I-NP
concern NN I-NP
; : O
the DT B-NP
revised VBN I-NP
offer NN I-NP
includes VBZ B-VP
a DT B-NP
feature NN I-NP
requiring VBG B-VP
McCaw NNP B-NP
to TO B-VP
begin VB I-VP
an DT B-NP
auction NN I-NP
process NN I-NP
in IN B-PP
July NNP B-NP
1994 CD I-NP
that WDT B-NP
would MD B-VP
buy VB I-VP
out RP B-PRT
remaining VBG B-NP
holders NNS I-NP
at IN B-PP
a DT B-NP
per-share JJ I-NP
price NN I-NP
roughly RB B-ADJP
equivalent NN I-ADJP
to TO B-PP
what WP B-NP
a DT B-NP
third JJ I-NP
party NN I-NP
might MD B-VP
then RB I-VP
have VB I-VP
to TO I-VP
pay VB I-VP
for IN B-PP
all DT B-NP
of IN B-PP
LIN NNP B-NP
. . O

The DT B-NP
letter NN I-NP
outlines VBZ B-VP
broad JJ B-NP
powers NNS I-NP
for IN B-PP
an DT B-NP
independent JJ I-NP
group NN I-NP
of IN B-PP
directors NNS B-NP
provided VBN B-VP
for IN B-PRT
in IN B-PP
the DT B-NP
revised VBN I-NP
offer NN I-NP
. . O

In IN B-PP
a DT B-NP
statement NN I-NP
, , O
Craig NNP B-NP
O. NNP I-NP
McCaw NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
McCaw NNP B-NP
, , O
said VBD B-VP
: : O
`` `` O
We PRP B-NP
trust VBP B-VP
LIN NNP B-NP
will MD B-VP
take VB I-VP
no DT B-NP
further JJ I-NP
actions NNS I-NP
that WDT B-NP
favor VBP B-VP
BellSouth NNP B-NP
. . O
'' '' O

McCaw NNP B-NP
said VBD B-VP
the DT B-NP
three CD I-NP
independent JJ I-NP
directors NNS I-NP
provided VBN B-VP
for IN B-PRT
in IN B-PP
the DT B-NP
offer NN I-NP
would MD B-VP
be VB I-VP
designated VBN I-VP
by IN B-PP
the DT B-NP
current JJ I-NP
board NN I-NP
. . O

The DT B-NP
successors NNS I-NP
would MD B-VP
be VB I-VP
nominated VBN I-VP
by IN B-PP
the DT B-NP
independent JJ I-NP
directors NNS I-NP
. . O

LIN NNP B-NP
would MD B-VP
have VB I-VP
a DT B-NP
priority NN I-NP
right NN I-NP
to TO B-VP
pursue VB I-VP
all DT B-NP
opportunities NNS I-NP
to TO B-VP
acquire VB I-VP
U.S. NNP B-NP
cellular JJ I-NP
interests NNS I-NP
in IN B-PP
markets NNS B-NP
other JJ B-ADJP
than IN B-PP
those DT B-NP
in NN B-PP
which WDT B-NP
McCaw NNP B-NP
holds VBZ B-VP
an DT B-NP
interest NN I-NP
, , O
or CC O
which WDT B-NP
are VBP B-VP
contiguous JJ B-ADJP
to TO B-PP
those DT B-NP
markets NNS I-NP
, , O
unless IN B-SBAR
LIN NNP B-NP
has VBZ B-VP
an DT B-NP
interest NN I-NP
there EX B-ADVP
or CC O
contiguous JJ B-ADJP
to TO B-PP
it PRP B-NP
. . O

Independent JJ B-NP
directors NNS I-NP
would MD B-VP
have VB I-VP
veto NN B-NP
rights NNS I-NP
to TO B-PP
any DT B-NP
acquisition NN I-NP
if IN B-SBAR
they PRP B-NP
unanimously RB B-VP
decide VBP I-VP
it PRP B-NP
is VBZ B-VP
n't RB O
in IN B-PP
LIN NNP B-NP
's POS B-NP
best JJS I-NP
interest NN I-NP
. . O

Independent JJ B-NP
directors NNS I-NP
would MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
block VB I-VP
transactions NNS B-NP
they PRP B-NP
unanimously RB B-VP
deem VBP I-VP
would MD B-VP
be VB I-VP
likely JJ B-ADJP
to TO B-VP
depress VB I-VP
the DT B-NP
private JJ I-NP
market NN I-NP
value NN I-NP
of IN B-PP
LIN NNP B-NP
at IN B-PP
the DT B-NP
time NN I-NP
it PRP B-NP
is VBZ B-VP
to TO B-VP
be VB I-VP
sold VBN I-VP
in IN B-PP
five CD B-NP
years NNS I-NP
. . O

If IN B-SBAR
LIN NNP B-NP
is VBZ B-VP
put VBN I-VP
up IN B-PRT
for IN B-PP
sale NN B-NP
rather RB B-CONJP
than IN I-CONJP
purchased VBN B-VP
by IN B-PP
McCaw NNP B-NP
in IN B-PP
five CD B-NP
years NNS I-NP
, , O
McCaw NNP B-NP
wo MD B-VP
n't RB I-VP
submit VB I-VP
a DT B-NP
bid NN I-NP
unless IN B-SBAR
the DT B-NP
independent JJ I-NP
directors NNS I-NP
request VBP B-VP
it PRP B-NP
, , O
and CC O
the DT B-NP
independent JJ I-NP
directors NNS I-NP
will MD B-VP
run VB I-VP
the DT B-NP
bidding NN I-NP
. . O

The DT B-NP
directors NNS I-NP
would MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
sell VB I-VP
particular JJ B-NP
assets NNS I-NP
to TO B-VP
enable VB I-VP
such JJ B-NP
buyers NNS I-NP
as IN B-PP
the DT B-NP
regional JJ I-NP
Bell NNP I-NP
operating VBG I-NP
companies NNS I-NP
to TO B-VP
purchase VB I-VP
the DT B-NP
company NN I-NP
's POS B-NP
interests NNS I-NP
. . O

MCA NNP B-NP
Inc. NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
net NN I-NP
fell VBD B-VP
6.3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
50.8 CD I-NP
million CD I-NP
, , O
or CC O
69 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
54.3 CD I-NP
million CD I-NP
, , O
or CC O
74 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

MCA NNP B-NP
said VBD B-VP
revenue NN B-NP
rose VBD B-VP
14 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
918.4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
806.7 CD I-NP
million CD I-NP
. . O

The DT B-NP
entertainment NN I-NP
concern NN I-NP
said VBD B-VP
the DT B-NP
success NN I-NP
of IN B-PP
several JJ B-NP
movies NNS I-NP
released VBN B-VP
during IN B-PP
the DT B-NP
quarter NN I-NP
, , O
including VBG B-PP
`` `` O
Parenthood NNP B-NP
'' '' O
and CC O
`` `` O
Uncle NNP B-NP
Buck NNP I-NP
, , O
'' '' O
contributed VBD B-VP
to TO B-PP
record VB B-NP
revenue NN I-NP
for IN B-PP
its PRP$ B-NP
film NN I-NP
unit NN I-NP
. . O

Both DT O
MCA NNP B-NP
's POS B-NP
music-entertainment NN I-NP
and CC I-NP
book-publishing NN I-NP
units NNS I-NP
also RB B-ADVP
posted VBD B-VP
record NN B-NP
revenue NN I-NP
and CC I-NP
operating VBG I-NP
profit NN I-NP
. . O

The DT B-NP
parent NN I-NP
company NN I-NP
's POS B-NP
net NN I-NP
included VBD B-VP
a DT B-NP
loss NN I-NP
-- : O
which WDT B-NP
it PRP B-NP
did VBD B-VP
n't RB I-VP
specify VB I-VP
-- : O
that WDT B-NP
was VBD B-VP
related VBN B-ADJP
to TO B-PP
the DT B-NP
company NN I-NP
's POS B-NP
50 CD B-ADJP
% NN I-ADJP
stake NN B-NP
in IN B-PP
Cineplex NNP B-NP
Odeon NNP I-NP
Corp NNP I-NP
. . O

Cineplex NNP B-NP
, , O
a DT B-NP
Toronto NNP I-NP
theater NN I-NP
chain NN I-NP
, , O
had VBD B-VP
a DT B-NP
second-quarter JJ I-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
38.7 CD I-NP
million CD I-NP
. . O

MCA NNP B-NP
said VBD B-VP
net JJ B-NP
also RB B-ADVP
included VBD B-VP
certain JJ B-NP
reserves NNS I-NP
related VBN B-ADJP
to TO B-PP
the DT B-NP
restructuring NN I-NP
of IN B-PP
its PRP$ B-NP
LJN NNP I-NP
Toys NNPS I-NP
' POS B-NP
international JJ I-NP
operations NNS I-NP
. . O

These DT B-NP
items NNS I-NP
were VBD B-VP
partly RB I-VP
offset VB I-VP
, , O
MCA NNP B-NP
said VBD B-VP
, , O
by IN B-PP
an DT B-NP
unspecified JJ I-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
Miller NNP I-NP
International NNP I-NP
unit NN I-NP
, , O
a DT B-NP
maker NN I-NP
and CC I-NP
distributor NN I-NP
of IN B-PP
budget-priced JJ B-NP
audio JJ I-NP
cassettes NNS I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
MCA NNP B-NP
rose VBD B-VP
$ $ B-NP
1.50 CD I-NP
to TO B-PP
$ $ B-NP
64 CD I-NP
. . O

In IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
net NN B-NP
rose VBD B-VP
35 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
120.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.64 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
89.2 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.22 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Revenue NN B-NP
increased VBN B-VP
22 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.5 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.1 CD I-NP
billion CD I-NP
. . O

Past JJ B-NP
Due NNP I-NP
Impasse NNP I-NP

I PRP B-NP
never RB B-ADVP
pay VBP B-VP
my PRP$ B-NP
bills NNS I-NP
Till IN B-PP
the DT B-NP
very RB I-NP
last JJ I-NP
day NN I-NP
; : O
I PRP B-NP
lose VBP B-VP
far RB B-NP
less JJR I-NP
interest NN I-NP
By IN B-PP
proceeding VBG B-VP
that DT B-NP
way NN I-NP
. . O

But CC O
it PRP B-NP
all DT B-NP
evens VBZ B-VP
out IN B-PRT
, , O
It PRP B-NP
's VBZ B-VP
so RB B-ADJP
easy JJ I-ADJP
to TO B-VP
see VB I-VP
: : O
Not RB B-PP
till IN I-PP
the DT B-NP
last JJ I-NP
moment NN I-NP
Am NNP O
I PRP B-NP
paid VBD B-VP
what WP B-NP
's VBZ B-VP
due JJ B-ADJP
me PRP B-NP
. . O

-- : B-NP
Arnold NNP I-NP
J. NNP I-NP
Zarett NNP I-NP
. . O

Rex NNP B-NP
Tremendae NNP I-NP

The DT B-NP
effete JJ I-NP
Tyrannosaurus NNP I-NP
Rex NNP I-NP
Had VBD B-VP
strict JJ B-NP
Cretaceous NNP I-NP
views NNS I-NP
on IN B-PP
sex NN B-NP
, , O
And CC O
that DT B-NP
is VBZ B-VP
why WRB B-ADVP
you PRP B-NP
only RB B-ADVP
see VBP B-VP
him PRP B-NP
Reproduced VBN B-VP
in IN B-PP
the DT B-NP
museum NN I-NP
. . O

-- : B-NP
Laurence NNP I-NP
W. NNP I-NP
Thomas NNP I-NP
. . O

Helmsley NNP B-NP
Enterprises NNPS I-NP
Inc. NNP I-NP
plans VBZ B-VP
to TO I-VP
close VB I-VP
its PRP$ B-NP
company-owned JJ I-NP
insurance NN I-NP
business NN I-NP
and CC O
is VBZ B-VP
seeking VBG I-VP
other JJ B-NP
brokers NNS I-NP
to TO B-VP
take VB I-VP
over IN B-PRT
its PRP$ B-NP
policies NNS I-NP
, , O
according VBG B-PP
to TO B-PP
individuals NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
firm NN I-NP
. . O

Helmsley NNP B-NP
Enterprises NNPS I-NP
is VBZ B-VP
the DT B-NP
umbrella NN I-NP
organization NN I-NP
for IN B-PP
companies NNS B-NP
controlled VBN B-VP
by IN B-PP
Harry NNP B-NP
B. NNP I-NP
Helmsley NNP I-NP
. . O

These DT B-NP
include VBP B-VP
office NN B-NP
and CC I-NP
residential JJ I-NP
real JJ I-NP
estate NN I-NP
giant NN I-NP
, , O
HelmsleySpear NNP B-NP
Inc. NNP I-NP
, , O
and CC O
Helmsley NNP B-NP
Hotels NNP I-NP
. . O

The DT B-NP
insurance NN I-NP
brokerage NN I-NP
agency NN I-NP
, , O
just RB B-NP
a DT I-NP
fragment NN I-NP
of IN B-PP
Helmsley NNP B-NP
's POS B-NP
vast JJ I-NP
empire NN I-NP
, , O
would MD B-VP
be VB I-VP
the DT B-NP
first JJ I-NP
piece NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
to TO B-VP
be VB I-VP
stripped VBN I-VP
away RB B-ADVP
since IN B-PP
last JJ B-NP
summer NN I-NP
when WRB B-ADVP
Mr. NNP B-NP
Helmsley NNP I-NP
's POS B-NP
wife NN I-NP
, , O
Leona NNP B-NP
Helmsley NNP I-NP
, , O
was VBD B-VP
found VBN I-VP
guilty JJ B-ADJP
of IN B-PP
tax NN B-NP
evasion NN I-NP
. . O

Industry NN B-NP
sources NNS I-NP
estimate VBP B-VP
the DT B-NP
agency NN I-NP
brokers NNS B-VP
property NN B-NP
and CC I-NP
casualty NN I-NP
premiums NNS I-NP
worth JJ B-ADJP
about RB B-NP
$ $ I-NP
25 CD I-NP
million CD I-NP
annually RB B-ADVP
, , O
and CC O
has VBZ B-VP
revenue NN B-NP
, , O
based VBN B-PP
on IN B-PP
a DT B-NP
standard JJ I-NP
10 CD I-NP
% NN I-NP
commission NN I-NP
rate NN I-NP
, , O
of IN B-PP
about RB B-NP
$ $ I-NP
2.5 CD I-NP
million CD I-NP
. . O

The DT B-NP
insurance NN I-NP
firm NN I-NP
acts NNS B-VP
as IN B-PP
a DT B-NP
broker NN I-NP
on IN B-PP
policies NNS B-NP
covering VBG B-VP
buildings NNS B-NP
managed VBN B-VP
by IN B-PP
HelmsleySpear NNP B-NP
and CC I-NP
others NNS I-NP
. . O

Many JJ B-NP
of IN B-PP
the DT B-NP
properties NNS I-NP
are VBP B-VP
owned VBN I-VP
through IN B-PP
limited JJ B-NP
partnerships NNS I-NP
controlled VBN B-VP
by IN B-PP
Mr. NNP B-NP
Helmsley NNP I-NP
. . O

New NNP B-NP
York NNP I-NP
State NNP I-NP
law NN I-NP
prohibits VBZ B-VP
insurance NN B-NP
brokerages NNS I-NP
from IN B-PP
deriving VBG B-VP
more JJR B-NP
than IN I-NP
10 CD I-NP
% NN I-NP
of IN B-PP
revenue NN B-NP
from IN B-PP
insuring VBG B-VP
affiliated VBN B-NP
companies NNS I-NP
. . O

Helmsley NNP B-NP
's POS B-NP
insurance NN I-NP
division NN I-NP
had VBD B-VP
slightly RB I-VP
exceeded VBN I-VP
that DT B-NP
percentage NN I-NP
, , O
sources NNS B-NP
say VBP B-VP
, , O
but CC O
the DT B-NP
division NN I-NP
was VBD B-VP
n't RB I-VP
considered VBN I-VP
significant JJ B-ADJP
enough RB I-ADJP
to TO B-PP
the DT B-NP
company NN I-NP
to TO B-VP
be VB I-VP
restructured VBN I-VP
, , O
particularly RB B-PP
at IN I-PP
a DT B-NP
difficult JJ I-NP
time NN I-NP
for IN B-PP
the DT B-NP
firm NN I-NP
. . O

Adverse JJ B-NP
publicity NN I-NP
from IN B-PP
the DT B-NP
scandal NN I-NP
surrounding VBG B-VP
its PRP$ B-NP
founder NN I-NP
's POS B-NP
wife NN I-NP
and CC O
related VBN B-NP
management NN I-NP
strife NN I-NP
have VBP B-VP
put VBN I-VP
pressure NN B-NP
on IN B-PP
the DT B-NP
entire JJ I-NP
Helmsley NNP I-NP
organization NN I-NP
. . O

However RB B-ADVP
, , O
individuals NNS B-NP
close VBP B-ADJP
to TO B-PP
the DT B-NP
company NN I-NP
insist VBP B-VP
shuttering VBG B-VP
the DT B-NP
insurance NN I-NP
division NN I-NP
, , O
a DT B-NP
sideline NN I-NP
from IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
core NN I-NP
property NN I-NP
management NN I-NP
business NN I-NP
, , O
is VBZ B-VP
n't RB O
the DT B-NP
beginning NN I-NP
of IN B-PP
a DT B-NP
sale NN I-NP
of IN B-PP
assets NNS B-NP
. . O

Helmsley NNP B-NP
's POS B-NP
insurance NN I-NP
premiums NNS I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
transferred VBN I-VP
to TO B-PP
several JJ B-NP
different JJ I-NP
insurance NN I-NP
brokerage NN I-NP
companies NNS I-NP
. . O

Frank NNP B-NP
B. NNP I-NP
Hall NNP I-NP
Inc. NNP I-NP
of IN B-PP
Briarcliff NNP B-NP
Manor NNP I-NP
, , O
N.Y. NNP B-NP
is VBZ B-VP
reportedly RB I-VP
working VBG I-VP
out RP B-PRT
an DT B-NP
agreement NN I-NP
with IN B-PP
Helmsley NNP B-NP
. . O

Officials NNS B-NP
there EX B-ADVP
declined VBD B-VP
to TO I-VP
comment VB I-VP
, , O
as IN B-SBAR
did VBD O
Helmsley NNP B-NP
management NN I-NP
. . O

Outside IN B-PP
the DT B-NP
white-walled JJ I-NP
headquarters NN I-NP
of IN B-PP
the DT B-NP
socalled JJ I-NP
Society NNP I-NP
of IN B-PP
Orange NNP B-NP
Workers NNPS I-NP
, , O
all DT B-NP
seems VBZ B-VP
normal JJ B-ADJP
in IN B-PP
South NNP B-NP
Africa NNP I-NP
's POS B-NP
abnormal JJ I-NP
society NN I-NP
. . O

A DT B-NP
pickup NN I-NP
truck NN I-NP
driven VBN B-VP
by IN B-PP
a DT B-NP
white JJ I-NP
farmer NN I-NP
rumbles VBZ B-VP
past JJ B-ADVP
with IN B-PP
a DT B-NP
load NN I-NP
of IN B-PP
black JJ B-NP
workers NNS I-NP
bouncing VBG B-VP
in IN B-PP
the DT B-NP
back RB I-NP
. . O

Over IN B-PP
at IN B-PP
Conradies NNP B-NP
, , O
the DT B-NP
general JJ I-NP
store NN I-NP
, , O
a DT B-NP
black JJ I-NP
stock NN I-NP
boy NN I-NP
scurries NNS B-VP
to TO I-VP
help VB I-VP
an DT B-NP
elderly JJ I-NP
white JJ I-NP
woman NN I-NP
with IN B-PP
her PRP$ B-NP
packages NNS I-NP
. . O

Down IN B-PP
the DT B-NP
street NN I-NP
, , O
a DT B-NP
car NN I-NP
pulls VBZ B-VP
into IN B-PP
the DT B-NP
Shell NNP I-NP
station NN I-NP
and CC O
is VBZ B-VP
surrounded VBN I-VP
by IN B-PP
black JJ B-NP
attendants NNS I-NP
. . O

But CC O
inside IN B-PP
the DT B-NP
white JJ I-NP
walls NNS I-NP
of IN B-PP
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
' POS B-NP
office NN I-NP
-- : O
just RB B-NP
about IN I-NP
the DT I-NP
largest JJS I-NP
building NN I-NP
in IN B-PP
town NN B-NP
, , O
save VB B-PP
for IN B-PP
the DT B-NP
Dutch NNP I-NP
Reformed NNP I-NP
Church NNP I-NP
and CC O
the DT B-NP
school NN I-NP
-- : O
South NNP B-NP
Africa NNP I-NP
's POS B-NP
neat JJ I-NP
racial JJ I-NP
order NN I-NP
is VBZ B-VP
awry RB B-ADJP
. . O

A DT B-NP
dozen NN I-NP
white JJ I-NP
office NN I-NP
workers NNS I-NP
fold VBP B-VP
newsletters NNS B-NP
and CC O
stuff NN B-VP
them PRP B-NP
into IN B-PP
envelopes NNS B-NP
. . O

White JJ B-NP
women NNS I-NP
serve VBP B-VP
tea NN B-NP
and CC I-NP
coffee NN I-NP
, , O
and CC O
then JJ O
wash NN B-VP
the DT B-NP
cups NNS I-NP
and CC I-NP
saucers NNS I-NP
afterwards RB B-ADVP
. . O

White JJ B-NP
children NNS I-NP
empty VB B-VP
the DT B-NP
wastepaper NN I-NP
baskets NNS I-NP
and CC O
squeegee VBP B-VP
the DT B-NP
windows NNS I-NP
. . O

There EX B-NP
is VBZ B-VP
n't RB O
a DT B-NP
black JJ I-NP
worker NN I-NP
in IN B-PP
sight NN B-NP
. . O

Not RB O
in IN B-PP
the DT B-NP
kitchen NN I-NP
, , O
or CC O
the DT B-NP
storeroom NN I-NP
or CC O
the DT B-NP
book NN I-NP
shop NN I-NP
. . O

`` `` O
If IN B-SBAR
we PRP B-NP
want VBP B-VP
to TO I-VP
have VB I-VP
our PRP$ B-NP
own JJ I-NP
nation NN I-NP
, , O
then RB B-ADVP
we PRP B-NP
must MD B-VP
be VB I-VP
willing JJ B-ADJP
to TO B-VP
do VB I-VP
all PDT B-NP
the DT I-NP
work NN I-NP
ourselves PRP B-NP
, , O
'' '' O
says VBZ B-VP
Hendrik NNP B-NP
Verwoerd NNP I-NP
Jr. NNP I-NP
, , O
son NN B-NP
of IN B-PP
the DT B-NP
former JJ I-NP
prime JJ I-NP
minister NN I-NP
and CC O
the DT B-NP
leader NN I-NP
of IN B-PP
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
, , O
founded VBN B-VP
in IN B-PP
1980 CD B-NP
. . O

They PRP B-NP
do VBP B-VP
indeed RB I-VP
want VB I-VP
their PRP$ B-NP
own JJ I-NP
nation NN I-NP
. . O

The DT B-NP
pillars NNS I-NP
of IN B-PP
apartheid NN B-NP
may MD B-VP
be VB I-VP
trembling VBG I-VP
in IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
South NNP B-NP
Africa NNP I-NP
, , O
with IN B-PP
Johannesburg NNP B-NP
opening VBG B-VP
its PRP$ B-NP
public JJ I-NP
facilities NNS I-NP
to TO B-PP
all DT B-NP
races NNS I-NP
, , O
blacks NNS B-NP
storming VBG B-VP
the DT B-NP
all-white JJ I-NP
beaches NNS I-NP
of IN B-PP
the DT B-NP
Cape NNP I-NP
and CC O
the DT B-NP
government NN I-NP
releasing VBG B-VP
seven CD B-NP
leaders NNS I-NP
of IN B-PP
the DT B-NP
banned VBN I-NP
African NNP I-NP
National NNP I-NP
Congress NNP I-NP
. . O

But CC O
here RB B-ADVP
in IN B-PP
Morgenzon NNP B-NP
, , O
a DT B-NP
sleepy JJ I-NP
town NN I-NP
amid IN B-PP
the DT B-NP
corn NN I-NP
fields NNS I-NP
of IN B-PP
the DT B-NP
eastern JJ I-NP
Transvaal NNP I-NP
, , O
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
are VBP B-VP
holding VBG I-VP
the DT B-NP
pillars NNS I-NP
steady JJ B-ADJP
. . O

The DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
-- : O
who WP B-NP
take VBP B-VP
their PRP$ B-NP
name NN I-NP
from IN B-PP
William NNP B-NP
of IN B-PP
Orange NNP B-NP
of IN B-PP
the DT B-NP
Netherlands NNP I-NP
, , O
a DT B-NP
hero NN I-NP
of IN B-PP
the DT B-NP
Dutch-descended JJ I-NP
Afrikaners NNPS I-NP
-- : O
believe VBP B-VP
that IN B-SBAR
the DT B-NP
solution NN I-NP
to TO B-PP
South NNP B-NP
Africa NNP I-NP
's POS B-NP
racial JJ I-NP
problems NNS I-NP
is VBZ B-VP
n't RB O
the DT B-NP
abolition NN I-NP
of IN B-PP
apartheid NN B-NP
, , O
it PRP B-NP
's VBZ B-VP
the DT B-NP
perfection NN I-NP
of IN B-PP
apartheid NN B-NP
-- : O
complete JJ B-NP
and CC I-NP
total JJ I-NP
separation NN I-NP
of IN B-PP
the DT B-NP
races NNS I-NP
. . O

Here RB B-ADVP
, , O
then RB B-ADVP
, , O
is VBZ B-VP
where WRB B-ADVP
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
have VBP B-VP
come VBN I-VP
to TO B-VP
make VB I-VP
apartheid NN B-NP
's POS B-NP
last JJ I-NP
stand NN I-NP
. . O

Their PRP$ B-NP
idea NN I-NP
is VBZ B-VP
to TO B-VP
create VB I-VP
a DT B-NP
city NN I-NP
, , O
first JJ B-ADVP
, , O
and CC O
then RB O
an DT B-NP
entire JJ I-NP
nation NN I-NP
-- : O
without IN B-PP
blacks NNS B-NP
. . O

This DT B-NP
may MD B-VP
seem VB I-VP
to TO I-VP
be VB I-VP
a DT B-NP
preposterous JJ I-NP
and CC I-NP
utterly RB I-NP
futile JJ I-NP
effort NN I-NP
in IN B-PP
Africa NNP B-NP
. . O

And CC O
the DT B-NP
fact NN I-NP
that IN B-SBAR
there EX B-NP
are VBP B-VP
only RB B-NP
3,000 CD I-NP
card-carrying JJ I-NP
Orange NNP I-NP
Workers NNPS I-NP
may MD B-VP
put VB I-VP
them PRP B-NP
on IN B-PP
the DT B-NP
loony JJ I-NP
fringe NN I-NP
. . O

But CC O
their PRP$ B-NP
ideal NN I-NP
of IN B-PP
an DT B-NP
Afrikaner JJ I-NP
homeland NN I-NP
, , O
an DT B-NP
all-white JJ I-NP
reserve NN I-NP
to TO B-VP
be VB I-VP
carved VBN I-VP
out IN B-ADVP
of IN B-PP
present-day JJ B-NP
South NNP I-NP
Africa NNP I-NP
, , O
is VBZ B-VP
a DT B-NP
mainstream NN I-NP
desire NN I-NP
of IN B-PP
the DT B-NP
right-wing NN I-NP
, , O
which WDT B-NP
embraces VBZ B-VP
about IN B-NP
one-third NN I-NP
of IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
five CD I-NP
million CD I-NP
whites NNS I-NP
. . O

Afrikaner JJ B-NP
philosophers NNS I-NP
and CC I-NP
theologians NNS I-NP
have VBP B-VP
long RB I-VP
ruminated VBN I-VP
on IN B-PP
the DT B-NP
need NN I-NP
for IN B-PP
a DT B-NP
white JJ I-NP
homeland NN I-NP
. . O

The DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
are VBP B-VP
just RB I-VP
putting VBG I-VP
this DT B-NP
preaching NN I-NP
into IN B-PP
practice NN B-NP
. . O

Thus RB B-ADVP
, , O
farmer NN B-NP
Johan NNP I-NP
Fischer NNP I-NP
, , O
his PRP$ B-NP
T-shirt NN I-NP
and CC I-NP
jeans NNS I-NP
covered VBN B-VP
in IN B-PP
grease NN B-NP
, , O
crawls VBZ B-VP
around IN B-ADVP
under IN B-PP
his PRP$ B-NP
planter NN I-NP
, , O
tightening VBG B-VP
bolts NNS B-NP
and CC O
fixing VBG B-VP
dents NNS B-NP
. . O

On IN B-PP
almost RB B-ADVP
every DT I-ADVP
other JJ B-NP
farm NN I-NP
in IN B-PP
South NNP B-NP
Africa NNP I-NP
, , O
black JJ B-NP
workers NNS I-NP
do VBP B-VP
the DT B-NP
repairs NNS I-NP
. . O

But CC O
not RB O
here RB B-ADVP
. . O

Mr. NNP B-NP
Fischer NNP I-NP
plows VBZ B-VP
his PRP$ B-NP
own JJ I-NP
fields NNS I-NP
, , O
sows VBZ B-VP
his PRP$ B-NP
own JJ I-NP
corn NN I-NP
and CC I-NP
sunflowers NNS I-NP
, , O
and CC O
feeds VBZ B-VP
his PRP$ B-NP
own JJ I-NP
sheep NN I-NP
. . O

Over IN B-PP
at IN B-PP
the DT B-NP
fiberglass NNS I-NP
factory NN I-NP
, , O
four CD B-NP
white JJ I-NP
workers NNS I-NP
assemble VBP B-VP
water NN B-NP
tanks NNS I-NP
on IN B-PP
their PRP$ B-NP
own JJ I-NP
, , O
and CC O
in IN B-PP
their PRP$ B-NP
spare JJ I-NP
time NN I-NP
they PRP B-NP
build VBP B-VP
townhouses NNS B-NP
across IN B-PP
the DT B-NP
road NN I-NP
. . O

On IN B-PP
Main NNP B-NP
Street NNP I-NP
, , O
Alida NNP B-NP
Verwoerd NNP I-NP
and CC O
her PRP$ B-NP
daughters NNS I-NP
look VBP B-VP
after IN B-PP
the DT B-NP
clothes NNS I-NP
and CC I-NP
fabric NN I-NP
shop NN I-NP
, , O
then JJ O
hurry NN B-VP
home NN B-ADVP
to TO B-VP
fix VB I-VP
lunch NN B-NP
for IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
family NN I-NP
. . O

Down IN B-PP
by IN B-PP
the DT B-NP
stream NN I-NP
, , O
a DT B-NP
group NN I-NP
of IN B-PP
Orange NNP B-NP
Workers NNPS I-NP
puts VBZ B-VP
the DT B-NP
finishing VBG I-NP
touches NNS I-NP
on IN B-PP
a DT B-NP
golf NN I-NP
course NN I-NP
. . O

If IN B-SBAR
whites NNS B-NP
want VBP B-VP
to TO I-VP
play VB I-VP
there RB B-ADVP
by IN B-PP
themselves PRP B-NP
, , O
says VBZ B-VP
consulting NN B-NP
engineer NN I-NP
Willem NNP I-NP
van NNP I-NP
Heerden NNP I-NP
, , O
whites NNS B-NP
should MD B-VP
also RB I-VP
build VB I-VP
it PRP B-NP
by IN B-PP
themselves PRP B-NP
. . O

`` `` O
If IN B-SBAR
we PRP B-NP
want VBP B-VP
to TO I-VP
survive VB I-VP
as IN B-PP
a DT B-NP
people NNS I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
we PRP B-NP
have VBP B-VP
to TO I-VP
change VB I-VP
our PRP$ B-NP
way NN I-NP
of IN B-PP
life NN B-NP
. . O

The DT B-NP
Afrikaner JJ I-NP
must MD B-VP
end VB I-VP
his PRP$ B-NP
reliance NN I-NP
on IN B-PP
others NNS B-NP
. . O
'' '' O

In IN B-PP
their PRP$ B-NP
quest NN I-NP
to TO B-VP
perfect JJ I-VP
apartheid NN B-NP
, , O
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
have VBP B-VP
discovered VBN I-VP
a DT B-NP
truth NN I-NP
that IN B-NP
most RBS B-NP
of IN B-PP
privileged JJ B-NP
white JJ I-NP
South NNP I-NP
Africa NNP I-NP
tries VBZ B-VP
mightily RB B-ADVP
to TO B-VP
deny VB I-VP
: : O
The DT B-NP
master NN I-NP
ca MD B-VP
n't RB I-VP
become VB I-VP
dependent JJ B-ADJP
on IN B-PP
the DT B-NP
slave NN I-NP
and CC O
expect VBP B-VP
to TO I-VP
remain VB I-VP
master NN B-NP
forever RB B-ADVP
. . O

`` `` O
If IN B-SBAR
apartheid NN B-NP
means VBZ B-VP
you PRP B-NP
want VBP B-VP
cheap JJ B-NP
black JJ I-NP
labor NN I-NP
and CC O
all PDT B-NP
the DT I-NP
comforts NNS I-NP
that WDT B-NP
go VBP B-VP
with IN B-PP
it PRP B-NP
, , O
but CC O
you PRP B-NP
also RB B-ADVP
want VBP B-VP
to TO I-VP
exclude VB I-VP
the DT B-NP
blacks NNS I-NP
from IN B-PP
social JJ B-NP
and CC I-NP
political JJ I-NP
integration NN I-NP
, , O
then RB B-ADVP
these DT B-NP
are VBP B-VP
two CD B-NP
contradictions NNS I-NP
that WDT B-NP
ca MD B-VP
n't RB I-VP
go VB I-VP
on IN B-PRT
forever RB B-ADVP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Verwoerd NNP I-NP
. . O

He PRP B-NP
is VBZ B-VP
sitting VBG I-VP
in IN B-PP
his PRP$ B-NP
living NN I-NP
room NN I-NP
, , O
beneath IN B-PP
a DT B-NP
huge JJ I-NP
portrait NN I-NP
of IN B-PP
his PRP$ B-NP
late JJ I-NP
father NN I-NP
, , O
Hendrik NNP B-NP
F. NNP I-NP
Verwoerd NNP I-NP
, , O
apartheid NN B-NP
's POS B-NP
architect NN I-NP
and CC O
South JJ B-NP
African JJ I-NP
prime JJ I-NP
minister NN I-NP
from IN B-PP
1958 CD B-NP
to TO B-PP
1966 CD B-NP
. . O

Somewhere RB B-ADVP
, , O
the DT B-NP
son NN I-NP
sighs VBZ B-VP
, , O
things NNS B-NP
went VBN B-VP
terribly RB B-ADJP
wrong JJ I-ADJP
with IN B-PP
apartheid NN B-NP
; : O
today NN B-NP
, , O
whites NNS B-NP
even RB B-ADVP
rely VBP B-VP
on IN B-PP
blacks NNS B-NP
to TO B-VP
police VB I-VP
their PRP$ B-NP
separation NN I-NP
. . O

`` `` O
People NNS B-NP
took VBD B-VP
separate JJ B-NP
development NN I-NP
as IN B-PP
an DT B-NP
opportunity NN I-NP
to TO B-VP
use VB I-VP
black JJ B-NP
labor NN I-NP
without IN B-PP
ever RB B-ADVP
getting VBG B-VP
rid JJ B-ADJP
of IN B-PP
it PRP B-NP
. . O

But CC O
my PRP$ B-NP
father NN I-NP
meant VBD B-VP
it PRP B-NP
to TO B-VP
mean VB I-VP
real JJ B-NP
separation NN I-NP
, , O
'' '' O
says VBZ B-VP
the DT B-NP
son NN I-NP
. . O

The DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
speak VBP B-VP
sincerely RB B-ADVP
. . O

`` `` O
We PRP B-NP
agree VBP B-VP
with IN B-PP
world NN B-NP
opinion NN I-NP
that IN B-SBAR
the DT B-NP
status NN I-NP
quo FW I-NP
in IN B-PP
South NNP B-NP
Africa NNP I-NP
is VBZ B-VP
morally RB B-ADJP
wrong JJ I-ADJP
, , O
'' '' O
says VBZ B-VP
Pieter NNP B-NP
Bruwer NNP I-NP
, , O
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
' POS B-NP
chief JJ I-NP
scribe NN I-NP
and CC I-NP
pamphleteer NN I-NP
. . O

`` `` O
We PRP B-NP
must MD B-VP
either DT I-VP
integrate VB I-VP
honestly RB B-ADVP
or CC O
segregate VB B-VP
honestly RB B-ADVP
. . O
'' '' O

Morgenzon NNP B-NP
has VBZ B-VP
long RB I-VP
been VBN I-VP
a DT B-NP
special JJ I-NP
domain NN I-NP
of IN B-PP
Afrikanerdom NNP B-NP
. . O

According VBG B-PP
to TO B-PP
Mr. NNP B-NP
Verwoerd NNP I-NP
, , O
the DT B-NP
early JJ I-NP
Afrikaner JJ I-NP
pioneers NNS I-NP
were VBD B-VP
the DT B-NP
first JJ I-NP
people NNS I-NP
to TO B-VP
settle VB I-VP
in IN B-PP
the DT B-NP
eastern JJ I-NP
Transvaal NNP I-NP
, , O
even RB B-PP
before IN I-PP
the DT B-NP
blacks NNS I-NP
. . O

Then RB O
, , O
when WRB B-ADVP
Morgenzon NNP B-NP
was VBD B-VP
incorporated VBN I-VP
in IN B-PP
1908 CD B-NP
, , O
the DT B-NP
farmer NN I-NP
who WP B-NP
owned VBD B-VP
the DT B-NP
land NN I-NP
stipulated VBD B-VP
that IN B-SBAR
only JJ B-NP
whites NNS I-NP
could MD B-VP
reside VB I-VP
in IN B-PP
town NN B-NP
; : O
blacks NNS B-NP
could MD B-VP
work VB I-VP
there EX B-ADVP
, , O
but CC O
they PRP B-NP
had VBD B-VP
to TO I-VP
leave VB I-VP
at IN B-PP
night NN B-NP
. . O

Today NN B-NP
, , O
Morgenzon NNP B-NP
is VBZ B-VP
a DT B-NP
town NN I-NP
of IN B-PP
800 CD B-NP
whites NNS I-NP
and CC O
two CD B-NP
paved JJ I-NP
roads NNS I-NP
. . O

Weeds NNS B-NP
push VBP B-VP
up IN B-ADVP
through IN B-PP
the DT B-NP
cracks NNS I-NP
in IN B-PP
the DT B-NP
sidewalks NNS I-NP
, , O
and CC O
many JJ B-NP
houses NNS I-NP
and CC I-NP
storefronts NNS I-NP
are VBP B-VP
empty JJ B-ADJP
. . O

There EX B-NP
are VBP B-VP
few JJ B-NP
factories NNS I-NP
and CC O
no DT B-NP
mines NNS I-NP
. . O

It PRP B-NP
was VBD B-VP
an DT B-NP
ideal JJ I-NP
place NN I-NP
for IN B-SBAR
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
to TO B-VP
start VB I-VP
their PRP$ B-NP
new JJ I-NP
nation NN I-NP
, , O
unencumbered JJ B-ADJP
by IN B-PP
the DT B-NP
demographics NNS I-NP
that WDT B-NP
have VBP B-VP
undermined VBN I-VP
apartheid NN B-NP
elsewhere RB B-ADVP
in IN B-PP
South NNP B-NP
Africa NNP I-NP
. . O

So RB B-ADVP
far RB I-ADVP
, , O
about IN B-NP
150 CD I-NP
Orange NNP I-NP
Workers NNPS I-NP
have VBP B-VP
moved VBN I-VP
here RB B-ADVP
, , O
spending NN B-VP
nearly RB B-NP
$ $ I-NP
1 CD I-NP
million CD I-NP
buying VBG B-VP
up IN B-PRT
property NN B-NP
over IN B-PP
the DT B-NP
past JJ I-NP
three CD I-NP
years NNS I-NP
. . O

Still RB B-ADVP
, , O
complete JJ B-NP
and CC I-NP
total JJ I-NP
segregation NN I-NP
remains VBZ B-VP
elusive JJ B-ADJP
. . O

Just RB B-PP
beyond IN I-PP
the DT B-NP
city NN I-NP
limits NNS I-NP
is VBZ B-VP
a DT B-NP
shantytown NN I-NP
of IN B-PP
2,000 CD B-NP
blacks NNS I-NP
who WP B-NP
are VBP B-VP
employed VBN I-VP
throughout IN B-PP
the DT B-NP
area NN I-NP
. . O

Despite IN B-PP
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
' POS B-NP
intention NN I-NP
to TO B-VP
put VB I-VP
them PRP B-NP
all DT B-NP
out NN B-PP
of IN B-PP
work NN B-NP
, , O
they PRP B-NP
are VBP B-VP
in IN B-PP
no DT B-NP
hurry NN I-NP
to TO B-VP
leave VB I-VP
. . O

A DT B-NP
young JJ I-NP
man NN I-NP
called VBN B-VP
July NNP B-NP
-LRB- ( O
that DT B-NP
's VBZ B-VP
when WRB B-ADVP
he PRP B-NP
was VBD B-VP
born VBN I-VP
-RRB- ) O
, , O
who WP B-NP
works VBZ B-VP
at IN B-PP
the DT B-NP
railroad NN I-NP
station NN I-NP
just RB B-PP
up IN I-PP
the DT B-NP
street NN I-NP
from IN B-PP
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
office NN I-NP
, , O
points VBZ B-VP
at IN B-PP
the DT B-NP
whitewalled JJ I-NP
building NN I-NP
and CC O
says VBZ B-VP
matter-of-factly RB B-ADVP
, , O
`` `` O
We PRP B-NP
're VBP B-VP
not RB I-VP
allowed VBN I-VP
in IN B-PP
there EX B-NP
, , O
that DT B-NP
's VBZ B-VP
all DT B-NP
I PRP B-NP
know VBP B-VP
. . O
'' '' O

The DT B-NP
650-or-so JJ I-NP
local JJ I-NP
whites NNS I-NP
who WP B-NP
are VBP B-VP
n't RB O
Orange NNP B-NP
Workers NNPS I-NP
are VBP B-VP
more RBR B-ADJP
troubled JJ I-ADJP
. . O

Try VB B-VP
as IN B-SBAR
they PRP B-NP
might MD B-VP
, , O
they PRP B-NP
just RB B-ADVP
ca MD B-VP
n't RB I-VP
conceive VB I-VP
of IN B-PP
life NN B-NP
without IN B-PP
black JJ B-NP
workers NNS I-NP
. . O

`` `` O
Impossible JJ B-ADJP
, , I-ADJP
impossible JJ I-ADJP
, , O
'' '' O
say VBP B-VP
the DT B-NP
Conradies NNP I-NP
, , O
an DT B-NP
elderly JJ I-NP
couple NN I-NP
who WP B-NP
have VBP B-VP
run VBN I-VP
the DT B-NP
general JJ I-NP
store NN I-NP
for IN B-PP
decades NNS B-NP
. . O

`` `` O
We PRP B-NP
ca MD B-VP
n't RB I-VP
do VB I-VP
without IN B-PP
their PRP$ B-NP
help NN I-NP
, , O
'' '' O
says VBZ B-VP
Mrs. NNP B-NP
Conradie NNP I-NP
. . O

`` `` O
Oh UH B-INTJ
no DT I-INTJ
. . O

We PRP B-NP
need VBP B-VP
them PRP B-NP
and CC O
I PRP B-NP
thank VBP B-VP
God NNP B-NP
for IN B-PP
them PRP B-NP
. . O
'' '' O

Over IN B-PP
at IN B-PP
the DT B-NP
Shell NNP I-NP
station NN I-NP
, , O
owner NN B-NP
Rudi NNP I-NP
van NNP I-NP
Dyk NNP I-NP
, , O
who WP B-NP
doubles VBZ B-VP
as IN B-PP
Morgenzon NNP B-NP
's POS B-NP
mayor NN I-NP
, , O
worries VBZ B-VP
that IN B-SBAR
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
have VBP B-VP
made VBN I-VP
his PRP$ B-NP
town NN I-NP
the DT B-NP
laughingstock NN I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
. . O

`` `` O
What WP B-NP
they PRP B-NP
want VBP B-VP
us PRP B-NP
to TO B-VP
do VB I-VP
just RB B-ADVP
is VBZ B-VP
n't RB O
practical JJ B-ADJP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
noting VBG B-VP
that IN B-SBAR
he PRP B-NP
employs VBZ B-VP
16 CD B-NP
blacks NNS I-NP
. . O

`` `` O
I PRP B-NP
could MD B-VP
n't RB I-VP
afford VB I-VP
to TO I-VP
hire VB I-VP
16 CD B-NP
whites NNS I-NP
. . O

The DT B-NP
only RB I-NP
Afrikaners NNPS I-NP
who WP B-NP
would MD B-VP
be VB I-VP
willing JJ B-ADJP
to TO B-VP
work VB I-VP
for IN B-PP
this DT B-NP
salary NN I-NP
would MD B-VP
n't RB I-VP
know VB I-VP
how WRB B-ADVP
to TO B-VP
handle VB I-VP
money NN B-NP
. . O
'' '' O

Back RB B-ADVP
at IN B-PP
the DT B-NP
Verwoerd NNP I-NP
house NN I-NP
, , O
Hendrik NNP B-NP
Sr. NNP I-NP
peers NNS B-VP
down RB B-ADVP
over IN B-PP
the DT B-NP
shoulder NN I-NP
of IN B-PP
Hendrik NNP B-NP
Jr NNP I-NP
. . O

The DT B-NP
son NN I-NP
believes VBZ B-VP
that IN B-SBAR
when WRB B-ADVP
the DT B-NP
Afrikaners NNPS I-NP
finally RB B-ADVP
realize VB B-VP
there EX B-NP
is VBZ B-VP
no DT B-NP
turning VBG B-VP
back RB B-ADVP
the DT B-NP
integration NN I-NP
of IN B-PP
South JJ B-NP
African JJ I-NP
society NN I-NP
and CC I-NP
politics NNS I-NP
, , O
Morgenzon NNP B-NP
will MD B-VP
boom VB I-VP
. . O

`` `` O
We PRP B-NP
urge VBP B-VP
our PRP$ B-NP
people NNS I-NP
not RB O
to TO B-VP
wait VB I-VP
until IN B-SBAR
they PRP B-NP
have VBP B-VP
to TO I-VP
fight VB I-VP
for IN B-PP
their PRP$ B-NP
own JJ I-NP
nation NN I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Verwoerd NNP I-NP
. . O

`` `` O
By IN B-PP
populating VBG B-VP
a DT B-NP
place NN I-NP
now RB B-ADVP
, , O
we PRP B-NP
make VBP B-VP
ourselves PRP B-NP
a DT B-NP
power NN I-NP
any DT B-NP
new JJ I-NP
government NN I-NP
will MD B-VP
have VB I-VP
to TO I-VP
take VB I-VP
into IN B-PP
account NN B-NP
. . O
'' '' O

Curiously RB B-ADVP
, , O
he PRP B-NP
compares VBZ B-VP
the DT B-NP
Orange NNP I-NP
Workers NNPS I-NP
to TO B-PP
the DT B-NP
ANC NNP I-NP
, , O
which WDT B-NP
his PRP$ B-NP
father NN I-NP
outlawed VBN B-VP
in IN B-PP
1960 CD B-NP
. . O

`` `` O
The DT B-NP
ANC NNP I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
stopped VBN I-VP
until IN B-SBAR
there EX B-NP
is VBZ B-VP
a DT B-NP
provision NN I-NP
for IN B-PP
black JJ B-NP
aspirations NNS I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Verwoerd NNP I-NP
. . O

`` `` O
Likewise RB B-ADVP
, , O
no DT B-NP
government NN I-NP
will MD B-VP
stop VB I-VP
this DT B-NP
idea NN I-NP
of IN B-PP
the DT B-NP
Afrikaners NNPS I-NP
. . O
'' '' O

He PRP B-NP
apologizes VBZ B-VP
for IN B-PP
sounding VBG B-VP
pushy JJ B-ADJP
. . O

`` `` O
Look VB B-VP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
If IN B-SBAR
the DT B-NP
rest NN I-NP
of IN B-PP
South NNP B-NP
Africa NNP I-NP
wants VBZ B-VP
to TO I-VP
have VB I-VP
an DT B-NP
integrated VBN I-NP
melting VBG I-NP
pot NN I-NP
, , O
that DT B-NP
's VBZ B-VP
their PRP$ B-NP
choice NN I-NP
. . O

We PRP B-NP
'll MD B-VP
leave VB I-VP
them PRP B-NP
alone RB B-ADVP
. . O

We PRP B-NP
just RB B-ADVP
want VBP B-VP
to TO I-VP
have VB I-VP
our PRP$ B-NP
own JJ I-NP
cup NN I-NP
of IN B-PP
tea NN B-NP
. . O
'' '' O

And CC O
they PRP B-NP
will MD B-VP
even RB I-VP
serve VB I-VP
it PRP B-NP
themselves PRP B-NP
. . O

Okay UH B-INTJ
, , O
now RB B-ADVP
you PRP B-NP
can MD B-VP
pick VB I-VP
up IN B-PRT
that DT B-NP
phone NN I-NP
. . O

But CC O
do VBP B-VP
n't RB I-VP
do VB I-VP
anything NN B-NP
rash NN B-ADJP
. . O

After IN B-PP
last JJ B-NP
Friday NNP I-NP
's POS B-NP
stock-market NN I-NP
plunge NN I-NP
, , O
investment NN B-NP
professionals NNS I-NP
cautioned VBD B-VP
people NNS B-NP
to TO B-VP
resist VB I-VP
the DT B-NP
urge NN I-NP
to TO B-VP
call VB I-VP
their PRP$ B-NP
brokers NNS I-NP
and CC O
sell VB B-VP
stocks NNS B-NP
. . O

Not RB O
selling VBG B-VP
into IN B-PP
a DT B-NP
panic NN I-NP
turned VBD B-VP
out IN B-PRT
to TO B-VP
be VB I-VP
very RB B-NP
good JJ I-NP
advice NN I-NP
: : O
Despite IN B-PP
the DT B-NP
market NN I-NP
's POS B-NP
volatility NN I-NP
, , O
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
has VBZ B-VP
surged VBN I-VP
114 CD B-NP
points NNS I-NP
in IN B-PP
the DT B-NP
past JJ I-NP
four CD I-NP
days NNS I-NP
. . O

Now RB B-ADVP
, , O
with IN B-PP
a DT B-NP
semblance NN I-NP
of IN B-PP
normalcy NN B-NP
returning VBG B-VP
, , O
some DT B-NP
advisers NNS I-NP
say VBP B-VP
it PRP B-NP
's VBZ B-VP
time NN B-NP
for IN B-SBAR
investors NNS B-NP
to TO B-VP
take VB I-VP
a DT B-NP
hard JJ I-NP
, , I-NP
cold JJ I-NP
look NN I-NP
at IN B-PP
the DT B-NP
stocks NNS I-NP
they PRP B-NP
own JJ B-VP
and CC O
consider VB B-VP
some DT B-NP
careful JJ I-NP
pruning NN I-NP
. . O

`` `` O
The DT B-NP
market NN I-NP
is VBZ B-VP
sending VBG I-VP
nervous JJ B-NP
signals NNS I-NP
, , O
'' '' O
says VBZ B-VP
Peter NNP B-NP
J. NNP I-NP
Canelo NNP I-NP
, , O
chief JJ B-NP
market NN I-NP
strategist NN I-NP
for IN B-PP
Bear NNP B-NP
, , I-NP
Stearns NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
and CC O
it PRP B-NP
's VBZ B-VP
`` `` O
unwise JJ B-ADJP
'' '' O
to TO B-VP
be VB I-VP
overcommitted VBN I-VP
to TO B-PP
stocks NNS B-NP
. . O

Alan NNP B-NP
Weston NNP I-NP
, , O
president NN B-NP
of IN B-PP
Weston NNP B-NP
Capital NNP I-NP
Management NNP I-NP
, , O
a DT B-NP
Los NNP I-NP
Angeles NNP I-NP
money-management NN I-NP
firm NN I-NP
, , O
adds VBZ B-VP
that IN B-SBAR
in IN B-PP
periods NNS B-NP
of IN B-PP
uncertainty NN B-NP
like IN B-PP
today NN B-NP
, , O
`` `` O
it PRP B-NP
's VBZ B-VP
a DT B-NP
good JJ I-NP
time NN I-NP
to TO B-VP
cut VB I-VP
out RP B-PRT
the IN B-NP
dead JJ I-NP
branches NNS I-NP
of IN B-PP
your PRP$ B-NP
portfolio NN I-NP
. . O
'' '' O

Not RB B-NP
everybody NN I-NP
agrees VBZ B-VP
that IN B-SBAR
it PRP B-NP
's VBZ B-VP
time NN B-NP
to TO B-VP
trim VB I-VP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
n't RB O
inclined VBN B-ADJP
to TO B-VP
prune VB I-VP
stock NN B-NP
portfolios NNS I-NP
now RB B-ADVP
, , O
'' '' O
says VBZ B-VP
Steven NNP B-NP
G. NNP I-NP
Einhorn NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
investment NN I-NP
policy NN I-NP
committee NN I-NP
of IN B-PP
Goldman NNP B-NP
, , I-NP
Sachs NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

`` `` O
Investors NNS B-NP
should MD B-VP
stay VB I-VP
with IN B-PP
their PRP$ B-NP
stocks NNS I-NP
. . O

We PRP B-NP
expect VBP B-VP
a DT B-NP
choppy JJ I-NP
and CC I-NP
sloppy JJ I-NP
market NN I-NP
for IN B-PP
a DT B-NP
short JJ I-NP
period NN I-NP
, , O
but CC O
we PRP B-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
it PRP B-NP
will MD B-VP
be VB I-VP
ugly JJ B-ADJP
. . O

The DT B-NP
downside NN I-NP
is VBZ B-VP
limited JJ B-ADJP
. . O
'' '' O

And CC O
even RB B-ADVP
those DT B-NP
who WP B-NP
say VBP B-VP
some DT B-NP
selective JJ I-NP
selling NN I-NP
may MD B-VP
be VB I-VP
in IN B-PP
order NN B-NP
stress NN B-VP
that IN B-SBAR
individuals NNS B-NP
need VBP B-VP
to TO I-VP
be VB I-VP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
to TO B-VP
achieve VB I-VP
their PRP$ B-NP
long-term JJ I-NP
investment NN I-NP
objectives NNS I-NP
and CC O
to TO B-VP
help VB I-VP
balance VB I-VP
their PRP$ B-NP
other JJ I-NP
assets NNS I-NP
. . O

Any DT B-NP
selling NN I-NP
, , O
they PRP B-NP
say VBP B-VP
, , O
should MD B-VP
be VB I-VP
well RB B-ADJP
thought-out JJ I-ADJP
, , O
and CC O
executed VBD B-VP
gradually RB B-ADVP
, , O
during IN B-PP
market NN B-NP
rallies NNS I-NP
. . O

They PRP B-NP
offer VBP B-VP
these DT B-NP
suggestions NNS I-NP
: : O

GET VB B-VP
RID VB I-VP
OF IN B-PP
THE DT B-NP
DOGS NNS I-NP
. . O

`` `` O
Sell VB B-VP
stocks NNS B-NP
that WDT B-NP
are VBP B-VP
n't RB I-VP
doing VBG I-VP
well RB B-ADVP
now RB B-ADVP
, , O
and CC O
that DT B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
good JJ B-NP
earnings NNS I-NP
prospects NNS I-NP
, , O
'' '' O
says VBZ B-VP
Alfred NNP B-NP
Goldman NNP I-NP
, , O
technical JJ B-NP
analyst NN I-NP
at IN B-PP
St. NNP B-NP
Louis-based JJ I-NP
A.G. NNP I-NP
Edwards NNP I-NP
& CC I-NP
Sons NNP I-NP
. . O

`` `` O
Most JJS B-NP
people NNS I-NP
do VBP B-VP
just RB B-NP
the DT I-NP
opposite JJ I-NP
: : O
They PRP B-NP
sell VBP B-VP
their PRP$ B-NP
winners NNS I-NP
and CC O
keep VB B-VP
their PRP$ B-NP
losers NNS I-NP
. . O
'' '' O

Which WDT B-NP
types NNS I-NP
of IN B-PP
stocks NNS B-NP
are VBP B-VP
most RBS B-ADVP
likely JJ I-ADVP
to TO B-VP
qualify VB I-VP
? . O

Technology NN B-NP
stocks NNS I-NP
, , O
says VBZ B-VP
Mr. NNP B-NP
Goldman NNP I-NP
. . O

WATCH VB B-VP
FOR IN B-PP
EARNINGS NNS B-NP
DISAPPOINTMENTS NNS I-NP
. . O

A DT B-NP
company NN I-NP
does VBZ B-VP
n't RB I-VP
have VB I-VP
to TO I-VP
post VB I-VP
a DT B-NP
loss NN I-NP
to TO B-VP
be VB I-VP
a DT B-NP
candidate NN I-NP
for IN B-PP
sale NN B-NP
, , O
says VBZ B-VP
Charles NNP B-NP
I. NNP I-NP
Clough NNP I-NP
Jr. NNP I-NP
, , O
chief JJ B-NP
market NN I-NP
strategist NN I-NP
at IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

If IN B-SBAR
earnings NNS B-NP
do NN B-VP
n't RB I-VP
live VB I-VP
up IN B-PRT
to TO B-PP
analysts NNS B-NP
' POS B-NP
expectations NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
that DT B-NP
's VBZ B-VP
enough RB B-ADJP
to TO B-VP
dump VB I-VP
the DT B-NP
stock NN I-NP
. . O

John NNP B-NP
Markese NNP I-NP
, , O
director NN B-NP
of IN B-PP
research NN B-NP
for IN B-PP
the DT B-NP
American NNP I-NP
Association NNP I-NP
of IN B-PP
Individual JJ B-NP
Investors NNS I-NP
, , O
raises VBZ B-VP
a DT B-NP
cautionary JJ I-NP
note NN I-NP
. . O

`` `` O
Substituting VBG B-VP
a DT B-NP
rule NN I-NP
of IN B-PP
thumb NN B-NP
for IN B-PP
your PRP$ B-NP
own JJ I-NP
judgment NN I-NP
'' '' O
can MD B-VP
be VB I-VP
a DT B-NP
mistake NN I-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

An DT B-NP
earnings NNS I-NP
disappointment NN I-NP
may MD B-VP
reflect VB I-VP
a DT B-NP
situation NN I-NP
that WDT B-NP
's VBZ B-VP
short-term JJ B-ADJP
. . O

But CC O
Mr. NNP B-NP
Clough NNP I-NP
says VBZ B-VP
, , O
`` `` O
The DT B-NP
risk NN I-NP
is VBZ B-VP
that IN B-SBAR
earnings NNS B-NP
disappointments NNS I-NP
will MD B-VP
continue VB I-VP
. . O
'' '' O

The DT B-NP
economy NN I-NP
is VBZ B-VP
decelerating VBG I-VP
after IN B-PP
six CD B-NP
good JJ I-NP
years NNS I-NP
, , O
and CC O
`` `` O
right RB B-ADVP
now RB I-ADVP
it PRP B-NP
's VBZ B-VP
better JJR B-ADJP
to TO B-VP
shoot VB I-VP
first JJ B-ADVP
and CC O
ask VB B-VP
questions NNS B-NP
later RB B-ADVP
. . O
'' '' O

Which WDT B-NP
types NNS I-NP
of IN B-PP
stocks NNS B-NP
currently RB B-ADVP
have VBP B-VP
the DT B-NP
greatest JJS I-NP
earnings NNS I-NP
risks NNS I-NP
? . O

Computer NN B-NP
companies NNS I-NP
; : O
commodity NN B-NP
cyclical JJ I-NP
stocks NNS I-NP
, , O
like IN B-PP
autos NNS B-NP
; : O
and CC O
retailing NN B-NP
stocks NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

BEWARE VB B-VP
OF IN B-PP
HEAVY JJ B-NP
DEBT NN I-NP
. . O

The DT B-NP
companies NNS I-NP
apt JJ B-ADJP
to TO B-VP
run VB I-VP
into IN B-PP
earnings NNS B-NP
problems NNS I-NP
soonest JJS B-ADVP
are VBP B-VP
the DT B-NP
ones NNS I-NP
with IN B-PP
heavy JJ B-NP
debt NN I-NP
loads NNS I-NP
, , O
says VBZ B-VP
Larry NNP B-NP
Biehl NNP I-NP
, , O
partner NN B-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Mateo NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
money-management NN I-NP
firm NN I-NP
of IN B-PP
Bailard NNP B-NP
, , I-NP
Biehl NNP I-NP
& CC I-NP
Kaiser NNP I-NP
. . O

Mr. NNP B-NP
Canelo NNP I-NP
of IN B-PP
Bear NNP B-NP
Stearns NNP I-NP
agrees VBZ B-VP
: : O
`` `` O
If IN B-SBAR
we PRP B-NP
do VBP B-VP
have VB I-VP
an DT B-NP
economic JJ I-NP
slowdown NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
companies NNS B-NP
with IN B-PP
high JJ B-NP
debt NN I-NP
ratios NNS I-NP
will MD B-VP
be VB I-VP
dumped VBN I-VP
en IN B-ADVP
masse FW I-ADVP
. . O
'' '' O

The DT B-NP
best JJS I-NP
course NN I-NP
for IN B-PP
individual JJ B-NP
investors NNS I-NP
is VBZ B-VP
to TO B-VP
sell VB I-VP
these DT B-NP
stocks NNS I-NP
now RB B-ADVP
, , O
the DT B-NP
two CD I-NP
advisers NNS I-NP
say VBP B-VP
. . O

SELL VB B-VP
` `` B-NP
WHISPER NN I-NP
' '' I-NP
STOCKS NNS I-NP
. . O

UAL NNP B-NP
Corp. NNP I-NP
's POS B-NP
difficulty NN I-NP
in IN B-PP
obtaining VBG B-VP
bank NN B-NP
financing NN I-NP
for IN B-PP
its PRP$ B-NP
leveraged JJ I-NP
buy-out NN I-NP
and CC O
its PRP$ B-NP
resulting VBG I-NP
price NN I-NP
plunge NN I-NP
is VBZ B-VP
a DT B-NP
tip-off NN I-NP
to TO B-PP
what WP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
happen VB I-VP
to TO B-PP
`` `` O
takeover NN B-NP
stocks NNS I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Canelo NNP I-NP
. . O

Takeover NN B-NP
activity NN I-NP
will MD B-VP
slow VB I-VP
down RB B-PRT
as IN O
more JJR B-NP
and CC I-NP
more JJR I-NP
banks NNS I-NP
tighten VBP B-VP
their PRP$ B-NP
lending NN I-NP
requirements NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
There EX B-NP
'll MD B-VP
be VB I-VP
fewer JJR B-NP
and CC I-NP
fewer JJR I-NP
deals NNS I-NP
. . O
'' '' O

Moreover RB B-ADVP
, , O
many JJ B-NP
financial JJ I-NP
advisers NNS I-NP
say VBP B-VP
individuals NNS B-NP
should MD B-VP
be VB I-VP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
as IN B-PP
long-term JJ B-NP
investors NNS I-NP
, , B-PP
not RB I-PP
as IN B-PP
traders NNS B-NP
trying VBG B-VP
to TO I-VP
catch VB I-VP
the DT B-NP
next JJ I-NP
hot JJ I-NP
stock NN I-NP
. . O

In IN B-PP
general JJ B-ADJP
, , O
they PRP B-NP
say VBP B-VP
, , O
avoid VB B-VP
takeover NN B-NP
stocks NNS I-NP
. . O

COMPARE VB B-VP
P\/E NNP B-NP
RATIOS NNS I-NP
WITH IN B-PP
PROSPECTS NNS B-NP
. . O

Mr. NNP B-NP
Canelo NNP I-NP
suggests VBZ B-VP
that IN B-SBAR
investors NNS B-NP
compare VBP B-VP
price\/earnings NNS B-NP
ratios NNS I-NP
-LRB- ( O
the DT B-NP
price NN I-NP
of IN B-PP
a DT B-NP
share NN I-NP
of IN B-PP
stock NN B-NP
divided VBN B-VP
by IN B-PP
a DT B-NP
company NN I-NP
's POS B-NP
per-share JJ I-NP
earnings NNS I-NP
for IN B-PP
a DT B-NP
12-month JJ I-NP
period NN I-NP
-RRB- ) O
with IN B-PP
projected VBN B-NP
growth NN I-NP
rates NNS I-NP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
think VBP B-VP
earnings NNS B-NP
will MD B-VP
grow VB I-VP
at IN B-PP
20 CD B-NP
% NN I-NP
a DT B-NP
year NN I-NP
, , O
it PRP B-NP
's VBZ B-VP
all DT B-ADJP
right NN I-ADJP
to TO B-VP
pay VB I-VP
20 CD B-NP
times NNS I-NP
earnings NNS I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
But CC O
do VBP B-VP
n't RB I-VP
pay VB I-VP
30 CD B-NP
times NNS I-NP
earnings NNS I-NP
for IN B-PP
a DT B-NP
company NN I-NP
that WDT B-NP
's VBZ B-VP
expected VBN I-VP
to TO I-VP
grow VB I-VP
at IN B-PP
15 CD B-NP
% NN I-NP
a DT B-NP
year NN I-NP
. . O
'' '' O

Mr. NNP B-NP
Canelo NNP I-NP
thinks VBZ B-VP
the DT B-NP
market NN I-NP
will MD B-VP
probably RB I-VP
go VB I-VP
higher JJR B-ADVP
, , O
but CC O
`` `` O
will MD B-VP
be VB I-VP
ruthless JJ B-ADJP
with IN B-PP
stocks NNS B-NP
if IN B-SBAR
the DT B-NP
earnings NNS I-NP
are VBP B-VP
n't RB O
there RB B-ADVP
. . O
'' '' O

Mr. NNP B-NP
Markese NNP I-NP
cautions VBZ B-VP
that IN B-SBAR
investors NNS B-NP
should MD B-VP
n't RB I-VP
slavishly RB I-VP
follow VB I-VP
any DT B-NP
specific JJ I-NP
price\/earnings NNS I-NP
sell VBP I-NP
trigger VB I-NP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
say VBP B-VP
sell VB I-VP
anytime RB B-NP
a DT B-NP
company NN I-NP
's POS B-NP
price\/earnings NNS I-NP
ratio NN I-NP
exceeds VBZ B-VP
15 CD B-NP
, , O
that WDT B-NP
knocks VBZ B-VP
out RP B-PRT
all DT B-NP
your PRP$ I-NP
growth NN I-NP
stocks NNS I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
You PRP B-NP
eliminate VBP B-VP
companies NNS B-NP
with IN B-PP
substantial JJ B-NP
prospects NNS I-NP
that WDT B-NP
are VBP B-VP
moving VBG I-VP
up IN B-ADVP
in IN B-PP
price NN B-NP
. . O
'' '' O

EXAMINE VB B-VP
WHAT WP B-NP
HAS VBZ B-VP
CHANGED VBN I-VP
. . O

Tom NNP B-NP
Schlesinger NNP I-NP
, , O
market NN B-NP
analyst NN I-NP
at IN B-PP
A.G. NNP B-NP
Edwards NNP I-NP
& CC I-NP
Sons NNP I-NP
Inc. NNP I-NP
, , O
says VBZ B-VP
investors NNS B-NP
should MD B-VP
consider VB I-VP
selling VBG B-NP
if IN B-SBAR
there EX B-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
fundamental JJ I-NP
change NN I-NP
in IN B-PP
a DT B-NP
company NN I-NP
since IN B-SBAR
they PRP B-NP
bought VBD B-VP
its PRP$ B-NP
stock NN I-NP
. . O

Say VB B-VP
you PRP B-NP
purchased VBD B-VP
a DT B-NP
stock NN I-NP
because IN B-PP
of IN I-PP
a DT B-NP
new JJ I-NP
product NN I-NP
that WDT B-NP
was VBD B-VP
in IN B-PP
the DT B-NP
works NNS I-NP
. . O

Now RB B-ADVP
, , O
because IN B-PP
of IN I-PP
various JJ B-NP
difficulties NNS I-NP
, , O
the DT B-NP
product NN I-NP
has VBZ B-VP
been VBN I-VP
scrapped VBN I-VP
. . O

Time NNP B-NP
to TO B-VP
sell VB I-VP
, , O
says VBZ B-VP
Mr. NNP B-NP
Schlesinger NNP I-NP
. . O

Similarly RB B-ADVP
, , O
he PRP B-NP
says VBZ B-VP
, , O
suppose VBP B-VP
you PRP B-NP
were VBD B-VP
attracted VBN I-VP
to TO B-PP
a DT B-NP
company NN I-NP
because IN B-PP
of IN I-PP
expectations NNS B-NP
that IN B-SBAR
sales NNS B-NP
would MD B-VP
hit VB I-VP
$ $ B-NP
200 CD I-NP
million CD I-NP
by IN B-PP
1990 CD B-NP
. . O

If IN B-SBAR
things NNS B-NP
have VBP B-VP
n't RB I-VP
worked VBN I-VP
out RP B-PRT
that IN B-ADVP
well RB I-ADVP
, , O
and CC O
sales NNS B-NP
wo MD B-VP
n't RB I-VP
hit VB I-VP
$ $ B-NP
200 CD I-NP
million CD I-NP
until IN B-PP
1992 CD B-NP
, , O
it PRP B-NP
's VBZ B-VP
time NN B-NP
to TO B-VP
consider VB I-VP
selling VBG B-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

USX NNP B-NP
Corp. NNP I-NP
declined VBD B-VP
a DT B-NP
United NNP I-NP
Steelworkers NNPS I-NP
request NN I-NP
for IN B-PP
a DT B-NP
reopening VBG I-NP
of IN B-PP
its PRP$ B-NP
four-year JJ I-NP
labor NN I-NP
contract NN I-NP
that WDT B-NP
is VBZ B-VP
due JJ B-ADJP
to TO B-VP
expire VB I-VP
Jan. NNP B-NP
31 CD I-NP
, , I-NP
1991 CD I-NP
. . O

The DT B-NP
union NN I-NP
on IN B-PP
Oct. NNP B-NP
5 NN I-NP
requested VBD B-VP
that IN B-SBAR
the DT B-NP
contract NN I-NP
be VB B-VP
reopened VBN I-VP
to TO B-VP
restore VB I-VP
all DT B-NP
pay NN I-NP
and CC I-NP
benefits NNS I-NP
that IN B-NP
the DT B-NP
union NN I-NP
gave VBD B-VP
up IN B-PRT
in IN B-PP
the DT B-NP
1982-83 CD I-NP
and CC I-NP
1986-87 CD I-NP
rounds NNS I-NP
of IN B-PP
bargaining NN B-NP
. . O

A DT B-NP
United NNP I-NP
Steelworkers NNPS I-NP
spokeman NN I-NP
said VBD B-VP
Lynn NNP B-NP
Williams NNP I-NP
, , O
the DT B-NP
union NN I-NP
's POS B-NP
president NN I-NP
, , O
was VBD B-VP
out IN B-PP
of IN B-PP
town NN B-NP
. . O

The DT B-NP
union NN I-NP
wo MD B-VP
n't RB I-VP
respond VB I-VP
to TO B-PP
the DT B-NP
USX NNP I-NP
statement NN I-NP
until IN B-SBAR
Mr. NNP B-NP
Williams NNP I-NP
has VBZ B-VP
studied VBN I-VP
it PRP B-NP
, , O
the DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

Robert NNP B-NP
A. NNP I-NP
Oswald NNP I-NP
, , O
chief JJ B-NP
financial JJ I-NP
officer NN I-NP
and CC O
a DT B-NP
director NN I-NP
of IN B-PP
this DT B-NP
natural-gas NN I-NP
pipeline NN I-NP
company NN I-NP
, , O
was VBD B-VP
elected VBN I-VP
to TO B-PP
the DT B-NP
additional JJ I-NP
position NN I-NP
of IN B-PP
executive JJ B-NP
vice NN I-NP
president NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
Michael NNP B-NP
W. NNP I-NP
O'Donnell NNP I-NP
, , O
executive JJ B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
a DT B-NP
Columbia NNP I-NP
unit NN I-NP
, , O
was VBD B-VP
named VBN I-VP
assistant NN B-NP
chief NN I-NP
financial JJ I-NP
officer NN I-NP
and CC O
a DT B-NP
senior JJ I-NP
vice NN I-NP
president NN I-NP
of IN B-PP
the DT B-NP
parent NN I-NP
company NN I-NP
. . O

The DT B-NP
appointments NNS I-NP
take VBP B-VP
effect NN B-NP
Nov. NNP B-NP
1 CD I-NP
. . O

Both DT B-NP
men NNS I-NP
are VBP B-VP
44 CD B-NP
years NNS I-NP
old JJ B-ADJP
. . O

This DT B-NP
magazine NN I-NP
and CC I-NP
book NN I-NP
publisher NN I-NP
said VBD B-VP
three CD B-NP
men NNS I-NP
were VBD B-VP
elected VBN I-VP
directors NNS B-NP
, , O
increasing VBG B-VP
the DT B-NP
board NN I-NP
to TO B-PP
10 CD B-NP
. . O

They PRP B-NP
are VBP B-VP
: : O
James NNP B-NP
R. NNP I-NP
Eiszner NNP I-NP
, , O
62 CD B-NP
years NNS I-NP
old JJ B-ADJP
and CC O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
CPC NNP B-NP
International NNP I-NP
Inc. NNP I-NP
; : O
Robert NNP B-NP
G. NNP I-NP
Schwartz NNP I-NP
, , O
61 CD B-NP
, , O
chairman NN B-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Metropolitan NNP B-NP
Life NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
and CC O
Walter NNP B-NP
V. NNP I-NP
Shipley NNP I-NP
, , O
53 CD B-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Chemical NNP B-NP
Banking NNP I-NP
Corp NNP I-NP
. . O

BankAmerica NNP B-NP
Corp. NNP I-NP
reported VBD B-VP
a DT B-NP
34 CD I-NP
% NN I-NP
jump NN I-NP
in IN B-PP
third-quarter JJ B-NP
earnings NNS I-NP
, , O
as IN B-SBAR
its PRP$ B-NP
rocket-like JJ I-NP
recovery NN I-NP
from IN B-PP
nearly RB B-NP
ruinous JJ I-NP
losses NNS I-NP
several JJ B-NP
years NNS I-NP
ago RB B-ADVP
continued VBD B-VP
to TO I-VP
be VB I-VP
fueled VBN I-VP
by IN B-PP
growth NN B-NP
in IN B-PP
consumer NN B-NP
loans NNS I-NP
, , O
higher JJR B-NP
interest NN I-NP
margins NNS I-NP
and CC O
negligible JJ B-NP
loan NN I-NP
losses NNS I-NP
. . O

For IN B-PP
the DT B-NP
quarter NN I-NP
, , O
BankAmerica NNP B-NP
said VBD B-VP
it PRP B-NP
earned VBD B-VP
$ $ B-NP
254 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.16 CD I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
190 CD I-NP
million CD I-NP
, , O
or CC O
97 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

BankAmerica NNP B-NP
spokesmen NNS I-NP
said VBD B-VP
preliminary JJ B-NP
reports NNS I-NP
indicate VBP B-VP
the DT B-NP
company NN I-NP
was VBD B-VP
n't RB I-VP
materially RB I-VP
affected VBN I-VP
by IN B-PP
the DT B-NP
Tuesday NNP I-NP
earthquake NN I-NP
. . O

All DT B-NP
but CC I-NP
eight CD I-NP
of IN B-PP
the DT B-NP
850 CD I-NP
branches NNS I-NP
, , O
which WDT B-NP
had VBD B-VP
some DT B-NP
structural JJ I-NP
damage NN I-NP
, , O
reopened VBD B-VP
yesterday NN B-NP
for IN B-PP
business NN B-NP
. . O

Automated NNP B-NP
teller NN I-NP
machine NN I-NP
operations NNS I-NP
also RB B-ADVP
were VBD B-VP
up IN B-ADVP
and CC O
operating VBG B-VP
yesterday NN B-NP
, , O
a DT B-NP
bank NN I-NP
spokesman NN I-NP
said VBD B-VP
. . O

For IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
in IN B-PP
nearly RB B-NP
two CD I-NP
years NNS I-NP
, , O
BankAmerica NNP B-NP
results NNS I-NP
failed VBD B-VP
to TO I-VP
improve VB I-VP
in IN B-PP
consecutive JJ B-NP
quarters NNS I-NP
, , O
but CC O
the DT B-NP
decline NN I-NP
from IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
was VBD B-VP
attributable JJ B-ADJP
to TO B-PP
special JJ B-NP
factors NNS I-NP
. . O

Third-quarter JJ B-NP
profit NN I-NP
was VBD B-VP
16 CD B-NP
% NN I-NP
below IN B-PP
the DT B-NP
$ $ I-NP
304 CD I-NP
million CD I-NP
, , I-NP
or CC I-NP
$ $ I-NP
1.50 CD I-NP
a DT B-NP
share NN I-NP
, , O
earned VBD B-VP
in IN B-PP
the DT B-NP
1989 CD I-NP
second JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
company NN I-NP
cited VBD B-VP
higher JJR B-NP
tax NN I-NP
credits NNS I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
, , O
totaling VBG B-VP
$ $ B-NP
63 CD I-NP
million CD I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
28 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

Excluding VBG B-PP
tax NN B-NP
credits NNS I-NP
, , O
profit NN B-NP
was VBD B-VP
6 CD B-NP
% NN I-NP
below IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
. . O

But CC O
that DT B-NP
drop NN I-NP
was VBD B-VP
caused VBN I-VP
entirely RB B-ADVP
by IN B-PP
a DT B-NP
decline NN I-NP
in IN B-PP
Brazilian JJ B-NP
interest NN I-NP
paid VBN B-VP
, , O
to TO B-PP
$ $ B-NP
5 NN I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
54 CD I-NP
million CD I-NP
the DT B-NP
second JJ I-NP
quarter NN I-NP
. . O

Moreover RB B-ADVP
, , O
BankAmerica NNP B-NP
continued VBD B-VP
to TO I-VP
build VB I-VP
its PRP$ B-NP
reserve NN I-NP
against IN B-PP
troubled JJ B-NP
foreign JJ I-NP
loans NNS I-NP
by IN B-PP
boosting VBG B-VP
its PRP$ B-NP
loan-loss NN I-NP
provision NN I-NP
to TO B-PP
$ $ B-NP
170 CD I-NP
million CD I-NP
, , O
about IN B-NP
the DT I-NP
same JJ I-NP
as IN B-PP
the DT B-NP
previous JJ I-NP
quarter NN I-NP
but CC O
well RB B-PP
above IN I-PP
the DT B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
provision NN I-NP
rate NN I-NP
was VBD B-VP
far RB B-PP
above IN I-PP
BankAmerica NNP B-NP
's POS B-NP
actual JJ I-NP
net JJ I-NP
credit NN I-NP
losses NNS I-NP
of IN B-PP
$ $ B-NP
24 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
18 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
period NN I-NP
and CC O
$ $ B-NP
38 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
BankAmerica NNP B-NP
said VBD B-VP
its PRP$ B-NP
reserve NN I-NP
against IN B-PP
troubled JJ B-NP
foreign-country JJ I-NP
loans NNS I-NP
, , O
once RB B-PP
below IN I-PP
25 CD B-NP
% NN I-NP
, , O
now RB B-ADVP
amounts VBZ B-VP
to TO B-PP
45 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
$ $ I-NP
6.4 CD I-NP
billion CD I-NP
of IN B-PP
non-trade JJ B-NP
debt NN I-NP
it PRP B-NP
calculates VBZ B-VP
it PRP B-NP
is VBZ B-VP
owed VBN I-VP
by IN B-PP
those DT B-NP
nations NNS I-NP
. . O

That DT B-NP
level NN I-NP
is VBZ B-VP
about IN B-NP
the DT I-NP
same JJ I-NP
as IN B-PP
some DT B-NP
other JJ I-NP
big JJ I-NP
banks NNS I-NP
, , O
but CC O
far RB B-PP
below IN I-PP
the DT B-NP
85 CD I-NP
% NN I-NP
and CC I-NP
100 CD I-NP
% NN I-NP
reserves NNS I-NP
of IN B-PP
Bankers NNP B-NP
Trust NNP I-NP
New NNP I-NP
York NNP I-NP
Corp. NNP I-NP
and CC O
J.P. NNP B-NP
Morgan NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
respectively RB B-ADVP
. . O

By IN B-PP
any DT B-NP
measure NN I-NP
, , O
third-quarter JJ B-NP
earnings NNS I-NP
were VBD B-VP
still RB B-ADVP
robust JJ B-ADJP
, , O
equivalent NN B-ADJP
to TO B-PP
a DT B-NP
0.92 CD I-NP
% NN I-NP
return NN I-NP
on IN B-PP
assets NNS B-NP
even RB B-VP
excluding VBG I-VP
tax NN B-NP
credits NNS I-NP
. . O

By IN B-PP
that DT B-NP
key JJ I-NP
measure NN I-NP
of IN B-PP
operating VBG B-NP
efficiency NN I-NP
, , O
BankAmerica NNP B-NP
turned VBD B-VP
in IN B-PRT
a DT B-NP
better JJR I-NP
performance NN I-NP
than IN B-PP
its PRP$ B-NP
well-regarded JJ I-NP
Los NNP I-NP
Angeles-based JJ I-NP
competitor NN I-NP
, , O
Security NNP B-NP
Pacific NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
posted VBD B-VP
a DT B-NP
0.89 CD I-NP
% NN I-NP
return NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

But CC O
it PRP B-NP
continued VBD B-VP
to TO I-VP
badly RB I-VP
trail VBP I-VP
its PRP$ B-NP
San NNP I-NP
Francisco NNP I-NP
neighbor NN I-NP
, , O
Wells NNP B-NP
Fargo NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
which WDT B-NP
reported VBD B-VP
an DT B-NP
extraordinary JJ I-NP
1.25 CD I-NP
% NN I-NP
return NN I-NP
on IN B-PP
assets NNS B-NP
. . O

Both DT B-NP
returns NNS I-NP
do VBP B-VP
n't RB I-VP
include VB I-VP
any DT B-NP
tax NN I-NP
credits NNS I-NP
. . O

`` `` O
They PRP B-NP
-LCB- ( O
BankAmerica NNP B-NP
-RCB- ) O
continue VB B-VP
to TO I-VP
show VB I-VP
good JJ B-NP
performance NN I-NP
, , O
'' '' O
said VBD B-VP
Donald NNP B-NP
K. NNP I-NP
Crowley NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Keefe NNP B-NP
, , I-NP
Bruyette NNP I-NP
& CC I-NP
Woods NNP I-NP
Inc. NNP I-NP
, , O
San NNP B-NP
Francisco NNP I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
yesterday NN B-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
BankAmerica NNP B-NP
common JJ I-NP
stock NN I-NP
edged VBD B-VP
up IN B-ADVP
12.5 CD B-NP
cents NNS I-NP
to TO B-VP
close VB I-VP
at IN B-PP
$ $ B-NP
32 CD I-NP
a DT B-NP
share NN I-NP
. . O

Shareholder NN B-NP
equity NN I-NP
improved VBN B-VP
to TO B-PP
4.68 CD B-NP
% NN I-NP
from IN B-PP
4.23 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
previous JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
4.52 CD I-NP
% NN I-NP
net JJ I-NP
interest NN I-NP
margin NN I-NP
, , O
or CC O
the DT B-NP
difference NN I-NP
between IN B-PP
the DT B-NP
yield NN I-NP
on IN B-PP
a DT B-NP
bank NN I-NP
's POS B-NP
investments NNS I-NP
and CC O
the DT B-NP
rate NN I-NP
it PRP B-NP
pays VBZ B-VP
for IN B-PP
deposits NNS B-NP
and CC O
other JJ B-NP
borrowings NNS I-NP
, , O
was VBD B-VP
still RB B-ADVP
markedly RB B-ADJP
higher JJR I-ADJP
than IN B-PP
the DT B-NP
3.91 CD I-NP
% NN I-NP
ratio NN I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
and CC O
is VBZ B-VP
among IN B-PP
the DT B-NP
best JJS I-NP
in IN B-PP
the DT B-NP
industry NN I-NP
, , O
analysts NNS B-NP
said VBD B-VP
. . O

The DT B-NP
high JJ I-NP
margin NN I-NP
partly RB B-VP
stems VBZ I-VP
from IN B-PP
continued VBN B-NP
strong JJ I-NP
growth NN I-NP
in IN B-PP
high-yielding JJ B-NP
consumer NN I-NP
loans NNS I-NP
, , O
which WDT B-NP
jumped VBD B-VP
31 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
17.47 CD I-NP
billion CD I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
and CC O
residential JJ B-NP
mortgages NNS I-NP
, , O
which WDT B-NP
rose VBD B-VP
25 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
12 CD I-NP
billion CD I-NP
. . O

BankAmerica NNP B-NP
's POS B-NP
total JJ I-NP
loans NNS I-NP
rose VBD B-VP
8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
71.36 CD I-NP
billion CD I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
BankAmerica NNP B-NP
profit NN I-NP
soared VBD B-VP
81 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
833 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.07 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
461 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.40 CD I-NP
a DT B-NP
share NN I-NP
. . O

International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
will MD B-VP
announce VB I-VP
on IN B-PP
Tuesday NNP B-NP
a DT B-NP
slew NN I-NP
of IN B-PP
software NN B-NP
products NNS I-NP
aimed VBN B-VP
at IN B-PP
eliminating VBG B-VP
some DT B-NP
of IN B-PP
the DT B-NP
major JJ I-NP
problems NNS I-NP
involved VBN B-ADJP
in IN B-PP
computerizing VBG B-VP
manufacturing NN B-NP
operations NNS I-NP
, , O
industry NN B-NP
executives NNS I-NP
said VBD B-VP
. . O

Many JJ B-NP
plant NN I-NP
floors NNS I-NP
currently RB B-ADVP
resemble VBP B-VP
a DT B-NP
Tower NNP I-NP
of IN B-PP
Babel NNP B-NP
, , O
with IN B-PP
computers NNS B-NP
, , O
robots NNS B-NP
and CC O
machine NN B-NP
tools NNS I-NP
that WDT B-NP
generally RB B-ADVP
speak VB B-VP
their PRP$ B-NP
own JJ I-NP
language NN I-NP
and CC O
have VBP B-VP
trouble NN B-NP
talking VBG B-VP
to TO B-PP
each DT B-NP
other NN I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
if IN B-SBAR
a DT B-NP
problem NN I-NP
develops VBZ B-VP
on IN B-PP
a DT B-NP
production NN I-NP
line NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
unlikely JJ B-ADJP
some DT B-NP
supervisor NN I-NP
sitting VBG B-VP
in IN B-PP
front NN B-NP
of IN B-PP
a DT B-NP
personal JJ I-NP
computer NN I-NP
or CC I-NP
workstation NN I-NP
will MD B-VP
know VB I-VP
about IN B-PP
it PRP B-NP
or CC O
be VB B-VP
able JJ B-ADJP
to TO B-VP
correct VB I-VP
it PRP B-NP
. . O

So RB O
IBM NNP B-NP
will MD B-VP
be VB I-VP
announcing VBG I-VP
more JJR B-NP
than IN I-NP
50 CD I-NP
products NNS I-NP
that WDT B-NP
will MD B-VP
be VB I-VP
aimed VBN I-VP
at IN B-PP
letting VBG B-VP
even RB B-NP
the DT I-NP
dumbest JJS I-NP
machine NN I-NP
tool NN I-NP
talk NN B-VP
to TO B-PP
the DT B-NP
smartest JJS I-NP
mainframe NN I-NP
, , O
or CC O
anything NN B-NP
in IN B-PP
between RB B-PP
. . O

In IN B-PP
an DT B-NP
unusual JJ I-NP
display NN I-NP
of IN B-PP
openness NN B-NP
, , O
IBM NNP B-NP
also RB B-ADVP
will MD B-VP
be VB I-VP
helping VBG I-VP
customers NNS B-NP
tie VBP B-VP
together RB B-ADVP
operations NNS B-NP
that WDT B-NP
include VBP B-VP
lots NNS B-NP
of IN B-PP
equipment NN B-NP
made VBN B-VP
by IN B-PP
IBM NNP B-NP
's POS B-NP
competitors NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
the DT B-NP
executives NNS I-NP
said VBD B-VP
IBM NNP B-NP
will MD B-VP
be VB I-VP
offering NN I-VP
programming NN B-NP
tools NNS I-NP
designed VBN B-VP
to TO I-VP
let VB I-VP
anyone NN B-NP
working VBG B-VP
on IN B-PP
a DT B-NP
factory NN I-NP
floor NN I-NP
write VB B-VP
ad-hoc JJ B-NP
software NN I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
to TO B-VP
do VB I-VP
statistical JJ B-NP
analysis NN I-NP
that WDT B-NP
would MD B-VP
pinpoint VB I-VP
a DT B-NP
problem NN I-NP
on IN B-PP
a DT B-NP
manufacturing NN I-NP
line NN I-NP
. . O

In IN B-PP
Armonk NNP B-NP
, , O
N.Y. NNP B-NP
, , O
an DT B-NP
IBM NNP I-NP
spokeswoman NN I-NP
confirmed VBD B-VP
that IN B-SBAR
IBM NNP B-NP
executives NNS I-NP
will MD B-VP
be VB I-VP
announcing VBG I-VP
some DT B-NP
computer-integrated-manufacturing JJ I-NP
plans NNS I-NP
next JJ B-NP
week NN I-NP
but CC O
declined VBD B-VP
to TO I-VP
elaborate VB I-VP
. . O

The DT B-NP
industry NN I-NP
executives NNS I-NP
said VBD B-VP
that IN B-SBAR
, , O
as IN B-PP
usual JJ B-ADJP
with IN B-PP
such JJ B-NP
broad JJ I-NP
announcements NNS I-NP
from IN B-PP
IBM NNP B-NP
, , O
this DT B-NP
one PRP I-NP
will MD B-VP
be VB I-VP
part NN B-NP
reality NN I-NP
and CC O
part NN B-NP
strategy NN I-NP
. . O

So RB O
it PRP B-NP
will MD B-VP
take VB I-VP
many JJ B-NP
quarters NNS I-NP
for IN B-SBAR
IBM NNP B-NP
to TO B-VP
roll VB I-VP
out IN B-PRT
all PDT B-NP
the DT I-NP
products NNS I-NP
that IN B-NP
customers NNS B-NP
need VBP B-VP
, , O
and CC O
it PRP B-NP
will MD B-VP
take VB I-VP
years NNS B-NP
for IN B-SBAR
customers NNS B-NP
to TO B-VP
integrate VB I-VP
the DT B-NP
products NNS I-NP
into IN B-PP
their PRP$ B-NP
operations NNS I-NP
. . O

Also RB B-ADVP
as IN B-PP
usual JJ B-ADJP
, , O
the DT B-NP
products NNS I-NP
will MD B-VP
appeal VB I-VP
mostly RB B-ADVP
to TO B-PP
heavy JJ B-NP
users NNS I-NP
of IN B-PP
IBM NNP B-NP
equipment NN I-NP
, , O
at IN B-ADVP
least JJS I-ADVP
initially RB B-ADVP
. . O

Still RB B-ADVP
, , O
consultants NNS B-NP
and CC O
industry NN B-NP
executives NNS I-NP
said VBD B-VP
the DT B-NP
products NNS I-NP
could MD B-VP
help VB I-VP
make VB I-VP
manufacturing NN B-NP
operations NNS I-NP
more RBR B-ADJP
efficient JJ I-ADJP
, , O
and CC O
provide VB B-VP
a DT B-NP
boost NN I-NP
to TO B-PP
the DT B-NP
computer-integrated-manufacturing JJ I-NP
market NN I-NP
-- : O
a DT B-NP
market NN I-NP
that IN B-NP
Yankee NNP B-NP
Group NNP I-NP
, , O
a DT B-NP
research NN I-NP
firm NN I-NP
, , O
has VBZ B-VP
said VBD I-VP
may MD B-VP
double VB I-VP
to TO B-PP
$ $ B-NP
40 CD I-NP
billion CD I-NP
by IN B-PP
1993 CD B-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
a DT B-NP
step NN I-NP
in IN B-PP
the DT B-NP
right JJ I-NP
direction NN I-NP
, , O
'' '' O
said VBD B-VP
Martin NNP B-NP
Piszczalski NNP I-NP
, , O
a DT B-NP
Yankee NNP I-NP
Group NNP I-NP
analyst NN I-NP
. . O

He PRP B-NP
added VBD B-VP
, , O
though RB B-ADVP
, , O
that IN B-SBAR
`` `` O
a DT B-NP
lot NN I-NP
of IN B-PP
this DT B-NP
is VBZ B-VP
intentions NNS B-NP
... : O
. . O

We PRP B-NP
'll MD B-VP
have VB I-VP
to TO I-VP
wait VB I-VP
and CC O
see VB B-VP
'' '' O
how WRB B-ADVP
the DT B-NP
plan NN I-NP
develops VBZ B-VP
. . O

The DT B-NP
announcements NNS I-NP
also RB B-ADVP
should MD B-VP
help VB I-VP
IBM NNP B-NP
go VB B-VP
on IN B-PP
the DT B-NP
offensive NN I-NP
against IN B-PP
Digital NNP B-NP
Equipment NNP I-NP
Corp. NNP I-NP
on IN B-PP
the DT B-NP
plant NN I-NP
floor NN I-NP
. . O

While IN B-SBAR
IBM NNP B-NP
has VBZ B-VP
traditionally RB I-VP
dominated VBN I-VP
the DT B-NP
market NN I-NP
for IN B-PP
computers NNS B-NP
on IN B-PP
the DT B-NP
business NN I-NP
side NN I-NP
of IN B-PP
manufacturing NN B-NP
operations NNS I-NP
and CC O
has VBZ B-VP
done VBN I-VP
well RB B-ADVP
in IN B-PP
the DT B-NP
market NN I-NP
for IN B-PP
design NN B-NP
tools NNS I-NP
, , O
Digital NNP B-NP
has VBZ B-VP
dominated VBN I-VP
computerized JJ B-NP
manufacturing NN I-NP
. . O

Hewlett-Packard NNP B-NP
Co. NNP I-NP
also RB B-ADVP
has VBZ B-VP
begun VBN I-VP
to TO I-VP
gain VB I-VP
share NN B-NP
in IN B-PP
the DT B-NP
whole JJ I-NP
computer-integrated-manufacturing JJ I-NP
arena NN I-NP
. . O

IBM NNP B-NP
will MD B-VP
face VB I-VP
an DT B-NP
uphill JJ I-NP
climb NN I-NP
against IN B-PP
Digital NNP B-NP
, , O
given VBN B-PP
Digital NNP B-NP
's POS B-NP
reputation NN I-NP
for IN B-PP
being VBG B-VP
better JJR B-ADJP
than IN B-PP
IBM NNP B-NP
at IN B-PP
hooking VBG B-VP
together RB B-ADVP
different JJ B-NP
manufacturers NNS I-NP
' POS B-NP
computers NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
Hewlett-Packard NNP B-NP
, , O
while IN B-SBAR
a DT B-NP
much RB I-NP
smaller JJR I-NP
player NN I-NP
, , O
has VBZ B-VP
made VBN I-VP
a DT B-NP
big JJ I-NP
commitment NN I-NP
to TO B-PP
the DT B-NP
sorts NNS I-NP
of IN B-PP
industry NN B-NP
standards NNS I-NP
that WDT B-NP
facilitate VBP B-VP
those DT B-NP
hookups NNS I-NP
and CC O
could MD B-VP
give VB I-VP
IBM NNP B-NP
some DT B-NP
problems NNS I-NP
. . O

Both DT B-NP
can MD B-VP
be VB I-VP
expected VBN I-VP
to TO I-VP
go VB I-VP
after IN B-PP
the DT B-NP
market NN I-NP
aggressively RB B-ADVP
: : O
Gartner NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
research NN I-NP
firm NN I-NP
, , O
estimated VBD B-VP
the DT B-NP
Digital NNP I-NP
gets VBZ B-VP
30 CD B-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
revenue NN I-NP
from IN B-PP
the DT B-NP
manufacturing NN I-NP
market NN I-NP
, , O
and CC O
Hewlett-Packard NNP B-NP
gets VBZ B-VP
50 CD B-NP
% NN I-NP
. . O

IBM NNP B-NP
, , O
which WDT B-NP
Gartner NNP B-NP
Group NNP I-NP
said VBD B-VP
generates VBZ B-VP
22 CD B-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
revenue NN I-NP
in IN B-PP
this DT B-NP
market NN I-NP
, , O
should MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
take VB I-VP
advantage NN B-NP
of IN B-PP
its PRP$ B-NP
loyal JJ I-NP
following NN I-NP
among IN B-PP
buyers NNS B-NP
of IN B-PP
equipment NN B-NP
. . O

That DT B-NP
is VBZ B-VP
because IN B-SBAR
many JJ B-NP
companies NNS I-NP
will MD B-VP
standardize VB I-VP
on IN B-PP
certain JJ B-NP
types NNS I-NP
of IN B-PP
equipment NN B-NP
as IN B-SBAR
the DT B-NP
various JJ I-NP
parts NNS I-NP
of IN B-PP
the DT B-NP
manufacturing NN I-NP
market NN I-NP
merge NN B-VP
, , O
and CC O
IBM NNP B-NP
is VBZ B-VP
the DT B-NP
biggest JJS I-NP
player NN I-NP
. . O

But CC O
much NN B-NP
will MD B-VP
depend VB I-VP
on IN B-PP
how WRB B-ADVP
quickly RB I-ADVP
IBM NNP B-NP
can MD B-VP
move VB I-VP
. . O

The DT B-NP
whole JJ I-NP
idea NN I-NP
of IN B-PP
computer-integrated JJ B-NP
manufacturing NN I-NP
, , O
CIM NNP B-NP
, , O
seems VBZ B-VP
to TO I-VP
be VB I-VP
making VBG I-VP
a DT B-NP
comeback NN I-NP
after IN B-PP
losing VBG B-VP
a DT B-NP
little JJ I-NP
luster NN I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
couple NN I-NP
of IN B-PP
years NNS B-NP
when WRB B-ADVP
it PRP B-NP
became VBD B-VP
apparent JJ B-ADJP
that IN B-SBAR
it PRP B-NP
was VBD B-VP
n't RB O
a DT B-NP
panacea NN I-NP
that WDT B-NP
would MD B-VP
make VB I-VP
U.S. NNP B-NP
plants NNS I-NP
more RBR B-ADJP
efficient JJ I-ADJP
and CC O
banish VB B-VP
foreign JJ B-NP
competition NN I-NP
. . O

Erik NNP B-NP
Keller NNP I-NP
, , O
a DT B-NP
Gartner NNP I-NP
Group NNP I-NP
analyst NN I-NP
, , O
said VBD B-VP
organizational JJ B-NP
changes NNS I-NP
may MD B-VP
still RB I-VP
be VB I-VP
required VBN I-VP
to TO B-VP
really RB I-VP
take VB I-VP
advantage NN B-NP
of IN B-PP
CIM NNP B-NP
's POS B-NP
capabilities NNS I-NP
-- : O
someone NN B-NP
on IN B-PP
the DT B-NP
shop NN I-NP
floor NN I-NP
may MD B-VP
not RB I-VP
like IN I-VP
having VBG I-VP
someone NN B-NP
in IN B-PP
an DT B-NP
office NN I-NP
using VBG B-VP
a DT B-NP
personal JJ I-NP
computer NN I-NP
to TO B-VP
look VB I-VP
over IN B-PP
his PRP$ B-NP
shoulder NN I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
and CC O
may MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
prevent VB I-VP
that IN B-NP
from IN B-PP
happening VBG B-NP
. . O

But CC O
he PRP B-NP
said VBD B-VP
a DT B-NP
system NN I-NP
such JJ B-PP
as IN I-PP
IBM NNP B-NP
's POS B-NP
should MD B-VP
help VB I-VP
significantly RB B-ADVP
. . O

In IN B-PP
making VBG B-VP
polyethylene NN B-NP
sheets NNS I-NP
out IN B-ADVP
of IN B-PP
plastic NN B-NP
chips NNS I-NP
, , O
for IN B-PP
instance NN B-NP
, , O
a DT B-NP
chip NN I-NP
sometimes RB B-ADVP
does VBZ B-VP
n't RB I-VP
melt VB I-VP
, , O
gets VBZ B-VP
caught VBN I-VP
in IN B-PP
the DT B-NP
machinery NN I-NP
and CC O
creates VBZ B-VP
a DT B-NP
run NN I-NP
in IN B-PP
the DT B-NP
sheets NNS I-NP
. . O

That DT B-NP
can MD B-VP
be VB I-VP
expensive JJ B-ADJP
, , O
because IN B-SBAR
the DT B-NP
problem NN I-NP
may MD B-VP
not RB I-VP
be VB I-VP
noticed VBN I-VP
for IN B-PP
a DT B-NP
while NN I-NP
, , O
and CC O
the DT B-NP
sheets NNS I-NP
are VBP B-VP
typically RB I-VP
thrown VBN I-VP
away RB B-ADVP
. . O

But CC O
Mr. NNP B-NP
Keller NNP I-NP
said VBD B-VP
that IN B-SBAR
, , O
if IN B-SBAR
computers NNS B-NP
can MD B-VP
be VB I-VP
integrated VBN I-VP
into IN B-PP
the DT B-NP
process NN I-NP
, , O
they PRP B-NP
could MD B-VP
alert VB I-VP
an DT B-NP
operator NN I-NP
as RB B-ADVP
soon RB I-ADVP
as IN B-SBAR
the DT B-NP
problem NN I-NP
occurred VBD B-VP
. . O

They PRP B-NP
could MD B-VP
also RB I-VP
check VB I-VP
through IN B-PP
the DT B-NP
orders NNS I-NP
on IN B-PP
file NN B-NP
to TO B-VP
find VB I-VP
a DT B-NP
customer NN I-NP
that WDT B-NP
was VBD B-VP
willing JJ B-ADJP
to TO B-VP
accept VB I-VP
a DT B-NP
lower JJR I-NP
grade NN I-NP
of IN B-PP
polyethylene NN B-NP
. . O

The DT B-NP
computer NN I-NP
would MD B-VP
let VB I-VP
the DT B-NP
machine NN I-NP
run NN B-VP
just RB B-SBAR
until IN I-SBAR
that DT B-NP
order NN I-NP
was VBD B-VP
filled VBN I-VP
, , O
eliminating VBG B-VP
waste NN B-NP
. . O

This DT B-NP
sort NN I-NP
of IN B-PP
improved VBN B-NP
link NN I-NP
figures NNS B-VP
to TO I-VP
eventually RB I-VP
become VB I-VP
a DT B-NP
significant JJ I-NP
weapon NN I-NP
for IN B-PP
some DT B-NP
companies NNS I-NP
. . O

Companies NNS B-NP
might MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
tell VB I-VP
salespeople NN B-NP
daily JJ B-ADVP
, , O
for IN B-PP
instance NN B-NP
, , O
about IN B-PP
idle JJ B-NP
equipment NN I-NP
, , O
so IN B-SBAR
they PRP B-NP
could MD B-VP
offer VB I-VP
discounts NNS B-NP
on IN B-PP
whatever WDT B-NP
that DT B-NP
equipment NN I-NP
produces VBZ B-VP
. . O

Salespeople NNS B-NP
also RB B-ADVP
could MD B-VP
get VB I-VP
a DT B-NP
precise JJ I-NP
reading NN I-NP
on IN B-PP
when WRB B-ADVP
products NNS B-NP
could MD B-VP
be VB I-VP
delivered VBN I-VP
-- : O
in IN B-PP
much JJ B-NP
the DT I-NP
same JJ I-NP
way NN I-NP
that IN B-ADVP
Federal NNP B-NP
Express NNP I-NP
has VBZ B-VP
marketed VBN I-VP
its PRP$ B-NP
ability NN I-NP
to TO B-VP
tell VB I-VP
exactly RB B-ADVP
where WRB I-ADVP
a DT B-NP
package NN I-NP
is VBZ B-VP
in IN B-PP
the DT B-NP
delivery NN I-NP
system NN I-NP
. . O

Ford NNP B-NP
Motor NNP I-NP
Co. NNP I-NP
's POS B-NP
Merkur NNP I-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
first JJ I-NP
new JJ I-NP
car NN I-NP
franchise NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
since IN B-SBAR
the DT B-NP
Edsel NNP I-NP
was VBD B-VP
unveiled VBN I-VP
in IN B-PP
1957 CD B-NP
, , O
now RB B-ADVP
will MD B-VP
share VB I-VP
Edsel NNP B-NP
's POS B-NP
fate NN I-NP
. . O

Ford NNP B-NP
said VBD B-VP
yesterday NN B-NP
it PRP B-NP
will MD B-VP
halt VB I-VP
imports NNS B-NP
of IN B-PP
the DT B-NP
Merkur NNP I-NP
Scorpio NNP I-NP
, , O
a DT B-NP
$ $ I-NP
28,000 CD I-NP
luxury NN I-NP
sedan NN I-NP
built VBN B-VP
by IN B-PP
Ford NNP B-NP
of IN B-PP
Europe NNP B-NP
in IN B-PP
West NNP B-NP
Germany NNP I-NP
. . O

The DT B-NP
cars NNS I-NP
are VBP B-VP
sold VBN I-VP
under IN B-PP
a DT B-NP
separate JJ I-NP
franchise NN I-NP
with IN B-PP
its PRP$ B-NP
own JJ I-NP
sign NN I-NP
in IN B-PP
front NN B-NP
of IN B-PP
Lincoln-Mercury NNP B-NP
dealers NNS I-NP
-- : O
as IN B-SBAR
opposed VBN B-VP
to TO B-PP
new JJ B-NP
models NNS I-NP
such JJ B-PP
as IN I-PP
Taurus NNP B-NP
or CC I-NP
Escort NNP I-NP
, , O
which WDT B-NP
are VBP B-VP
sold VBN I-VP
under IN B-PP
existing VBG B-NP
Ford NNP I-NP
divisions NNS I-NP
. . O

The DT B-NP
move NN I-NP
to TO B-VP
halt VB I-VP
imports NNS B-NP
-- : O
announced VBD B-VP
29 CD B-NP
years NNS I-NP
and CC O
11 CD B-NP
months NNS I-NP
to TO B-PP
the DT B-NP
day NN I-NP
after IN B-SBAR
Henry NNP B-NP
Ford NNP I-NP
II NNP I-NP
declared VBD B-VP
that IN B-SBAR
the DT B-NP
Edsel NNP I-NP
division NN I-NP
and CC O
its PRP$ B-NP
gawky JJ I-NP
car NN I-NP
would MD B-VP
be VB I-VP
scrapped VBN I-VP
-- : O
kills VBZ B-VP
the DT B-NP
four-year-old JJ I-NP
Merkur NNP I-NP
brand NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
market NN I-NP
. . O

It PRP B-NP
will MD B-VP
continue VB I-VP
to TO I-VP
be VB I-VP
sold VBN I-VP
in IN B-PP
the DT B-NP
European JJ I-NP
market NN I-NP
. . O

Merkur NNP B-NP
's POS B-NP
death NN I-NP
is VBZ B-VP
n't RB O
nearly RB B-ADJP
as IN I-ADJP
costly JJ I-ADJP
to TO B-PP
Ford NNP B-NP
as IN B-SBAR
was VBD B-VP
the DT B-NP
Edsel NNP I-NP
debacle NN I-NP
, , O
because IN B-SBAR
Merkur NNP B-NP
was VBD B-VP
a DT B-NP
relatively RB I-NP
low-budget JJ I-NP
project NN I-NP
with IN B-PP
limited JJ B-NP
sales NNS I-NP
goals NNS I-NP
. . O

Still RB B-ADVP
, , O
Merkur NNP B-NP
's POS B-NP
demise NN I-NP
is VBZ B-VP
a DT B-NP
setback NN I-NP
for IN B-PP
Ford NNP B-NP
at IN B-PP
a DT B-NP
time NN I-NP
when WRB B-ADVP
the DT B-NP
company NN I-NP
's POS B-NP
image NN I-NP
as IN B-PP
the DT B-NP
U.S. NNP I-NP
auto NN I-NP
maker NN I-NP
with IN B-PP
the DT B-NP
golden JJ I-NP
touch NN I-NP
is VBZ B-VP
showing VBG I-VP
signs NNS B-NP
of IN B-PP
strain NN B-NP
. . O

The DT B-NP
No. NN I-NP
2 CD I-NP
auto NN I-NP
maker NN I-NP
's POS B-NP
new JJ I-NP
Thunderbird NNP I-NP
and CC I-NP
Mercury NNP I-NP
Cougar NNP I-NP
models NNS I-NP
have VBP B-VP
n't RB I-VP
met VBN I-VP
sales NNS B-NP
expectations NNS I-NP
in IN B-PP
the DT B-NP
year NN I-NP
since IN B-SBAR
they PRP B-NP
were VBD B-VP
introduced VBN I-VP
, , O
and CC O
Ford NNP B-NP
's POS B-NP
trucks NNS I-NP
are VBP B-VP
losing VBG I-VP
ground NN B-NP
to TO B-PP
their PRP$ B-NP
GM NNP I-NP
rivals NNS I-NP
. . O

This DT B-NP
fall NN I-NP
, , O
Ford NNP B-NP
introduced VBD B-VP
only RB B-NP
one CD I-NP
new JJ I-NP
product NN I-NP
: : O
A DT B-NP
restyled VBN I-NP
version NN I-NP
of IN B-PP
its PRP$ B-NP
hulking JJ I-NP
Lincoln NNP I-NP
Town NNP I-NP
Car NNP I-NP
luxury NN I-NP
model NN I-NP
. . O

The DT B-NP
demise NN I-NP
of IN B-PP
Merkur NNP B-NP
-LRB- ( O
pronounced VBN B-VP
mare-COOR NNP B-NP
-RRB- ) O
comes VBZ B-VP
after IN B-PP
a DT B-NP
September NNP I-NP
in IN B-PP
which WDT B-NP
670 CD B-NP
Merkur NNP I-NP
dealers NNS I-NP
managed VBD B-VP
to TO I-VP
sell VB I-VP
only RB B-NP
93 CD I-NP
Scorpios NNPS I-NP
. . O

Total NNP B-NP
Merkur NNP I-NP
sales NNS I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
dropped VBD B-VP
46 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
to TO B-PP
just RB B-NP
6,320 CD I-NP
cars NNS I-NP
. . O

Merkur NNP B-NP
is VBZ B-VP
n't RB O
the DT B-NP
only RB I-NP
European JJ I-NP
luxury NN I-NP
brand NN I-NP
having VBG B-VP
problems NNS B-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

The DT B-NP
Japanese JJ I-NP
assault NN I-NP
on IN B-PP
the DT B-NP
luxury NN I-NP
market NN I-NP
is VBZ B-VP
rapidly RB I-VP
overshadowing VBG I-VP
such JJ B-NP
European JJ I-NP
makes NNS I-NP
as IN B-PP
Audi NNP B-NP
and CC I-NP
Saab NNP I-NP
, , O
which WDT B-NP
at IN B-ADVP
least JJS I-ADVP
have VBP B-VP
clear JJ B-NP
brand NN I-NP
images NNS I-NP
. . O

Merkur NNP B-NP
, , O
as IN B-PP
an DT B-NP
import NN I-NP
on IN B-PP
domestic JJ B-NP
car NN I-NP
lots NNS I-NP
, , O
suffered VBD B-VP
from IN B-PP
the DT B-NP
same JJ I-NP
sort NN I-NP
of IN B-PP
image NN B-NP
confusion NN I-NP
that WDT B-NP
is VBZ B-VP
hobbling VBG I-VP
sales NNS B-NP
of IN B-PP
imports NNS B-NP
at IN B-PP
General NNP B-NP
Motors NNPS I-NP
Corp. NNP I-NP
and CC O
Chrysler NNP B-NP
Corp NNP I-NP
. . O

Merkur NNP B-NP
was VBD B-VP
originally RB I-VP
aimed VBN I-VP
at IN B-PP
enticing VBG B-VP
into IN B-PP
Lincoln-Mercury NNP B-NP
dealerships NNS I-NP
the DT B-NP
kind NN I-NP
of IN B-PP
young JJ B-NP
, , I-NP
affluent JJ I-NP
buyers NNS I-NP
who WP B-NP
would MD B-VP
n't RB I-VP
be VB I-VP
caught VBN I-VP
dead JJ B-ADJP
in IN B-PP
a DT B-NP
Town NNP I-NP
Car NNP I-NP
-- : O
a DT B-NP
vehicle NN I-NP
so RB B-ADJP
bargelike JJ I-ADJP
that IN B-SBAR
Ford NNP B-NP
is VBZ B-VP
staging VBG I-VP
a DT B-NP
press NN I-NP
event NN I-NP
next JJ B-NP
month NN I-NP
linking VBG B-VP
the DT B-NP
Town NNP I-NP
Car NNP I-NP
's POS B-NP
launch NN I-NP
to TO B-PP
the DT B-NP
commissioning NN I-NP
of IN B-PP
a DT B-NP
new JJ I-NP
aircraft NN I-NP
carrier NN I-NP
in IN B-PP
Norfolk NNP B-NP
, , O
Va NNP B-NP
. . O

But CC O
the DT B-NP
brand NN I-NP
had VBD B-VP
trouble NN B-NP
from IN B-PP
the DT B-NP
start NN I-NP
. . O

The DT B-NP
first JJ I-NP
Merkur NNP I-NP
, , O
the DT B-NP
XR4Ti NNP I-NP
, , O
went VBD B-VP
on IN B-PP
sale NN B-NP
in IN B-PP
early JJ B-NP
1985 CD I-NP
. . O

The DT B-NP
sporty JJ I-NP
coupe NN I-NP
foundered VBD B-VP
in IN B-PP
part NN B-NP
because IN B-SBAR
American JJ B-NP
buyers NNS I-NP
did VBD B-VP
n't RB I-VP
go VB I-VP
for IN B-PP
the DT B-NP
car NN I-NP
's POS B-NP
unusual JJ I-NP
double-wing JJ I-NP
rear JJ I-NP
spoiler NN I-NP
. . O

In IN B-PP
May NNP B-NP
1987 CD I-NP
, , O
Ford NNP B-NP
began VBD B-VP
importing VBG I-VP
the DT B-NP
Scorpio NNP I-NP
sedan NN I-NP
from IN B-PP
West NNP B-NP
Germany NNP I-NP
to TO B-VP
sell VB I-VP
next JJ B-ADVP
to TO B-PP
a DT B-NP
redesigned VBN I-NP
XR4Ti NNP I-NP
in IN B-PP
showrooms NNS B-NP
. . O

Ford NNP B-NP
officials NNS I-NP
said VBD B-VP
they PRP B-NP
expected VBD B-VP
the DT B-NP
two CD I-NP
Merkurs NNPS I-NP
would MD B-VP
sell VB I-VP
about IN B-NP
15,000 CD I-NP
cars NNS I-NP
a DT B-NP
year NN I-NP
, , O
and CC O
in IN B-PP
1988 CD B-NP
they PRP B-NP
reached VBD B-VP
that DT B-NP
goal NN I-NP
, , O
as IN B-SBAR
sales NNS B-NP
hit VBD B-VP
15,261 CD B-NP
cars NNS I-NP
. . O

It PRP B-NP
was VBD B-VP
downhill RB B-ADVP
from IN B-PP
there EX B-NP
, , O
however RB B-ADVP
. . O

One CD B-NP
major JJ I-NP
factor NN I-NP
was VBD B-VP
the DT B-NP
decline NN I-NP
of IN B-PP
the DT B-NP
dollar NN I-NP
against IN B-PP
the DT B-NP
mark NN I-NP
, , O
which WDT B-NP
began VBD B-VP
less JJR B-NP
than IN I-NP
a DT I-NP
year NN I-NP
after IN B-PP
Merkur NNP B-NP
's POS B-NP
1985 CD I-NP
launch NN I-NP
. . O

As IN B-SBAR
the DT B-NP
West JJ I-NP
German JJ I-NP
currency NN I-NP
rose VBD B-VP
, , O
so RB B-ADVP
did VBD B-VP
Merkur NNP B-NP
prices NNS I-NP
. . O

The DT B-NP
Merkur NNP I-NP
cars NNS I-NP
also RB B-ADVP
suffered VBD B-VP
from IN B-PP
spotty JJ B-NP
quality NN I-NP
, , O
some DT B-NP
dealers NNS I-NP
say VBP B-VP
. . O

`` `` O
It PRP B-NP
was VBD B-VP
like IN B-PP
a DT B-NP
comedy NN I-NP
of IN B-PP
errors NNS B-NP
, , O
'' '' O
says VBZ B-VP
Martin NNP B-NP
J. NNP I-NP
`` `` I-NP
Hoot NNP I-NP
'' '' I-NP
McInerney NNP I-NP
, , O
a DT B-NP
big JJ I-NP
dealer NN I-NP
whose WP$ B-NP
Star NNP I-NP
Lincoln-Mercury-Merkur NNP I-NP
operation NN I-NP
in IN B-PP
Southfield NNP B-NP
, , O
Mich. NNP B-NP
, , O
sold VBN B-VP
more JJR B-NP
XR4Ti NNP I-NP
's POS I-NP
than IN B-PP
any DT B-NP
other JJ I-NP
dealership NN I-NP
. . O

But CC O
by IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
of IN B-PP
1988 CD B-NP
, , O
Scorpios NNPS B-NP
had VBD B-VP
a DT B-NP
high JJ I-NP
satisfaction NN I-NP
rating NN I-NP
in IN B-PP
internal JJ B-NP
Ford NNP I-NP
studies NNS I-NP
, , O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

Apparently RB B-ADVP
, , O
however RB B-ADVP
, , O
the DT B-NP
improvement NN I-NP
came VBD B-VP
too RB B-ADVP
late JJ I-ADVP
. . O

Last JJ B-NP
fall NN I-NP
, , O
Ford NNP B-NP
announced VBD B-VP
it PRP B-NP
would MD B-VP
discontinue VB I-VP
the DT B-NP
XR4Ti NNP I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
1989 CD I-NP
model NN I-NP
year NN I-NP
. . O

Ford NNP B-NP
said VBD B-VP
then RB B-ADVP
it PRP B-NP
would MD B-VP
keep VB I-VP
the DT B-NP
Scorpio NNP I-NP
. . O

This DT B-NP
year NN I-NP
, , O
Scorpio NNP B-NP
sales NNS I-NP
plummeted VBD B-VP
, , O
and CC O
at IN B-PP
the DT B-NP
current JJ I-NP
sales NNS I-NP
pace NN I-NP
it PRP B-NP
would MD B-VP
take VB I-VP
Ford NNP B-NP
242 CD B-NP
days NNS I-NP
to TO B-VP
sell VB I-VP
off IN B-PRT
the DT B-NP
current JJ I-NP
Scorpio NNP I-NP
inventory NN I-NP
of IN B-PP
about IN B-NP
4,600 CD I-NP
cars NNS I-NP
. . O

Canadian NNP B-NP
Pacific NNP I-NP
Ltd. NNP I-NP
said VBD B-VP
it PRP B-NP
proposed VBD B-VP
acquiring VBG I-VP
the DT B-NP
44 CD I-NP
% NN I-NP
of IN B-PP
Soo NNP B-NP
Line NNP I-NP
Corp. NNP I-NP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
already RB I-VP
own JJ I-VP
for IN B-PP
$ $ B-NP
19.50 CD I-NP
a DT B-NP
share NN I-NP
, , O
or CC O
about RB B-NP
$ $ I-NP
81.9 CD I-NP
million CD I-NP
, , O
after IN B-PP
failing VBG B-VP
to TO I-VP
find VB I-VP
a DT B-NP
buyer NN I-NP
for IN B-PP
its PRP$ B-NP
majority NN I-NP
stake NN I-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
. . O

Soo NNP B-NP
Line NNP I-NP
said VBD B-VP
its PRP$ B-NP
board NN I-NP
appointed VBD B-VP
a DT B-NP
special JJ I-NP
committee NN I-NP
of IN B-PP
independent JJ B-NP
directors NNS I-NP
to TO B-VP
study VB I-VP
the DT B-NP
proposal NN I-NP
. . O

The DT B-NP
troubled JJ I-NP
Minneapolis-based JJ I-NP
railroad NN I-NP
concern NN I-NP
said VBD B-VP
the DT B-NP
committee NN I-NP
has VBZ B-VP
the DT B-NP
authority NN I-NP
to TO B-VP
hire VB I-VP
financial JJ B-NP
and CC I-NP
legal JJ I-NP
advisers NNS I-NP
to TO B-VP
assist VB I-VP
it PRP B-NP
. . O

The DT B-NP
proposed VBN I-NP
acquisition NN I-NP
will MD B-VP
be VB I-VP
subject NN B-ADJP
to TO B-PP
approval NN B-NP
by IN B-PP
the DT B-NP
Interstate NNP I-NP
Commerce NNP I-NP
Commission NNP I-NP
, , O
Soo NNP B-NP
Line NNP I-NP
said VBD B-VP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
Soo NNP B-NP
Line NNP I-NP
shares NNS I-NP
jumped VBD B-VP
well RB B-PP
above IN I-PP
the DT B-NP
proposed VBN I-NP
price NN I-NP
, , O
closing VBG B-VP
at IN B-PP
$ $ B-NP
20.25 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
2.75 CD I-NP
. . O

Canadian NNP B-NP
Pacific NNP I-NP
put VB B-VP
its PRP$ B-NP
56 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
Soo NNP B-NP
Line NNP I-NP
up IN B-PP
for IN B-PP
sale NN B-NP
last JJ B-NP
year NN I-NP
but CC O
could MD B-VP
n't RB I-VP
find VB I-VP
any DT B-NP
takers NNS I-NP
. . O

Canadian NNP B-NP
Pacific NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
interests NNS B-NP
in IN B-PP
transportation NN B-NP
, , O
telecommunications NNS B-NP
, , O
forest NN B-NP
products NNS I-NP
, , O
energy NN B-NP
and CC O
real JJ B-NP
estate NN I-NP
, , O
finally RB B-ADVP
took VBD B-VP
its PRP$ B-NP
majority NN I-NP
block NN I-NP
off IN B-PP
the DT B-NP
market NN I-NP
this DT B-NP
spring NN I-NP
. . O

`` `` O
It PRP B-NP
turned VBD B-VP
out IN B-PRT
we PRP B-NP
could MD B-VP
n't RB I-VP
sell VB I-VP
it PRP B-NP
, , O
'' '' O
a DT B-NP
Canadian NNP I-NP
Pacific NNP I-NP
official NN I-NP
said VBD B-VP
, , O
adding VBG B-VP
that IN B-SBAR
acquiring VBG B-VP
the DT B-NP
remainder NN I-NP
of IN B-PP
Soo NNP B-NP
Line NNP I-NP
is VBZ B-VP
now RB B-ADVP
`` `` O
the DT B-NP
best JJS I-NP
way NN I-NP
to TO B-VP
rationalize VB I-VP
operations NNS B-NP
. . O
'' '' O

Canadian NNP B-NP
Pacific NNP I-NP
is VBZ B-VP
Soo NNP B-NP
Line NNP I-NP
's POS B-NP
biggest JJS I-NP
customer NN I-NP
and CC O
has VBZ B-VP
owned VBN I-VP
a DT B-NP
majority NN I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
railroad NN I-NP
since IN B-PP
1947 CD B-NP
. . O

Canadian NNP B-NP
Pacific NNP I-NP
and CC I-NP
Soo NNP I-NP
Line NNP I-NP
tracks VBZ I-NP
connect VB B-VP
at IN B-PP
two CD B-NP
points NNS I-NP
in IN B-PP
the DT B-NP
West NNP I-NP
on IN B-PP
the DT B-NP
Canada-U.S. NNP I-NP
border NN I-NP
and CC O
the DT B-NP
two CD I-NP
companies NNS I-NP
operate VBP B-VP
a DT B-NP
very RB I-NP
successful JJ I-NP
Chicago-Montreal NNP I-NP
rail NN I-NP
service NN I-NP
. . O

Separately RB B-ADVP
, , O
for IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
, , O
Soo NNP B-NP
Line NNP I-NP
reported VBD B-VP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
398,000 CD I-NP
, , O
or CC O
four CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
12.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.32 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Revenue NN B-NP
fell VBD B-VP
5.8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
407.9 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
433.2 CD I-NP
million CD I-NP
. . O

The DT B-NP
company NN I-NP
had VBD B-VP
a DT B-NP
loss NN I-NP
from IN B-PP
operations NNS B-NP
of IN B-PP
$ $ B-NP
1.7 CD I-NP
million CD I-NP
. . O

Golden NNP B-NP
Nugget NNP I-NP
Inc. NNP I-NP
reported VBD B-VP
a DT B-NP
third-quarter JJ I-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
13.1 CD I-NP
million CD I-NP
, , O
or CC O
76 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
based VBN B-PP
on IN B-PP
17.2 CD B-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
and CC I-NP
dilutive JJ I-NP
equivalents NNS I-NP
outstanding JJ I-NP
. . O

The DT B-NP
results NNS I-NP
compare VBP B-VP
with IN B-PP
a DT B-NP
year-earlier JJ I-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
1.5 CD I-NP
million CD I-NP
, , O
or CC O
seven CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
based VBN B-PP
on IN B-PP
20.3 CD B-NP
million CD I-NP
common JJ I-NP
and CC I-NP
dilutive JJ I-NP
equivalents NNS I-NP
outstanding JJ I-NP
. . O

Operating NN B-NP
revenue NN I-NP
rose VBD B-VP
25 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
52.1 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
41.8 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Results NNS B-NP
for IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
include VBP B-VP
nonoperating VBG B-NP
items NNS I-NP
of IN B-PP
$ $ B-NP
23.9 CD I-NP
million CD I-NP
, , O
versus IN O
$ $ B-NP
8.4 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
expenses NNS I-NP
stem VBP B-VP
from IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
huge JJ I-NP
Mirage NNP I-NP
resort-casino NN I-NP
scheduled VBN B-VP
to TO I-VP
open VB I-VP
next JJ B-NP
month NN I-NP
along IN B-PP
the DT B-NP
Strip NNP I-NP
, , O
and CC O
an DT B-NP
April NNP I-NP
1989 CD I-NP
financing NN I-NP
by IN B-PP
units NNS B-NP
operating VBG B-VP
the DT B-NP
downtown NN I-NP
Golden NNP I-NP
Nugget NNP I-NP
property NN I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Golden NNP B-NP
Nugget NNP I-NP
reported VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
11.4 CD I-NP
million CD I-NP
, , O
or CC O
69 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
based VBN B-PP
on IN B-PP
16.6 CD B-NP
million CD I-NP
common JJ I-NP
and CC I-NP
dilutive JJ I-NP
equivalents NNS I-NP
outstanding JJ I-NP
. . O

The DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
the DT B-NP
company NN I-NP
had VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
4.3 CD I-NP
million CD I-NP
, , O
or CC O
20 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
based VBN B-PP
on IN B-PP
21 CD B-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
and CC I-NP
dilutive JJ I-NP
equivalents NNS I-NP
outstanding JJ I-NP
. . O

The DT B-NP
1988 CD I-NP
results NNS I-NP
include VBP B-VP
a DT B-NP
$ $ I-NP
10.7 CD I-NP
million CD I-NP
charge NN I-NP
stemming VBG B-VP
from IN B-PP
a DT B-NP
litigation NN I-NP
judgment NN I-NP
. . O

Separately RB B-ADVP
, , O
the DT B-NP
casino NN I-NP
operator NN I-NP
said VBD B-VP
its PRP$ B-NP
board NN I-NP
approved VBD B-VP
a DT B-NP
plan NN I-NP
to TO B-VP
buy-back VB I-VP
as RB B-NP
many JJ I-NP
as IN I-NP
three CD I-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
from IN B-PP
time NN B-NP
to TO B-PP
time VB B-NP
, , O
either DT O
in NN B-PP
the DT B-NP
open JJ I-NP
market NN I-NP
or CC B-PP
through IN B-PP
private JJ B-NP
transactions NNS I-NP
. . O

An DT B-NP
additional JJ I-NP
299,000 CD I-NP
shares NNS I-NP
are VBP B-VP
authorized VBN I-VP
for IN B-PP
repurchase NN B-NP
under IN B-PP
an DT B-NP
earlier JJR I-NP
stock NN I-NP
buy-back NN I-NP
program NN I-NP
. . O

John NNP B-NP
Uphoff NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Raymond NNP B-NP
James NNP I-NP
& CC I-NP
Associates NNPS I-NP
, , O
said VBD B-VP
the DT B-NP
results NNS I-NP
were VBD B-VP
n't RB O
surprising JJ B-ADJP
, , O
and CC O
attributed VBD B-VP
the DT B-NP
buy-back NN I-NP
to TO B-PP
management NN B-NP
's POS B-NP
confidence NN I-NP
in IN B-PP
the DT B-NP
Mirage NNP I-NP
's POS B-NP
ability NN I-NP
to TO B-VP
generate VB I-VP
strong JJ B-NP
cash NN I-NP
flow NN I-NP
in IN B-PP
1990 CD B-NP
. . O

Yesterday NN B-NP
, , O
in IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Golden NNP B-NP
Nugget NNP I-NP
common NN I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
28.25 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
2 CD I-NP
. . O

Capital NNP B-NP
Holding NNP I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
requested VBD B-VP
and CC I-VP
received VBD I-VP
the DT B-NP
resignation NN I-NP
of IN B-PP
John NNP B-NP
A. NNP I-NP
Franco NNP I-NP
, , O
its PRP$ B-NP
vice NN I-NP
chairman NN I-NP
, , O
as IN B-PP
an DT B-NP
officer NN I-NP
and CC O
a DT B-NP
director NN I-NP
of IN B-PP
the DT B-NP
life NN I-NP
insurance NN I-NP
holding VBG I-NP
company NN I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
Mr. NNP B-NP
Franco NNP I-NP
developed VBD B-VP
a DT B-NP
plan NN I-NP
to TO B-VP
establish VB I-VP
a DT B-NP
business NN I-NP
that WDT B-NP
might MD B-VP
be VB I-VP
competitive JJ B-ADJP
with IN B-PP
Capital NNP B-NP
Holding NNP I-NP
Corp. NNP I-NP
's POS B-NP
Accumulation NNP I-NP
and CC I-NP
Investment NNP I-NP
Group NNP I-NP
, , O
which WDT B-NP
Mr. NNP B-NP
Franco NNP I-NP
headed VBD B-VP
. . O

The DT B-NP
group NN I-NP
temporarily RB B-ADVP
will MD B-VP
report VB I-VP
to TO B-PP
Irving NNP B-NP
W. NNP I-NP
Bailey NNP I-NP
II NNP I-NP
, , O
chairman NN B-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Capital NNP B-NP
Holding NNP I-NP
. . O

Mr. NNP B-NP
Franco NNP I-NP
, , O
47 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
said VBD B-VP
in IN B-PP
a DT B-NP
telephone NN I-NP
interview NN I-NP
that IN B-SBAR
he PRP B-NP
has VBZ B-VP
been VBN I-VP
considering VBG I-VP
and CC I-VP
discussing VBG I-VP
a DT B-NP
number NN I-NP
of IN B-PP
possible JJ B-NP
business NN I-NP
ventures NNS I-NP
, , O
but CC O
that IN B-SBAR
`` `` O
nothing NN B-NP
is VBZ B-VP
at IN B-PP
a DT B-NP
mature JJ I-NP
stage NN I-NP
. . O
'' '' O

He PRP B-NP
said VBD B-VP
he PRP B-NP
`` `` O
did VBD B-VP
n't RB I-VP
argue VB I-VP
with IN B-PP
'' '' O
the DT B-NP
company NN I-NP
's POS B-NP
decision NN I-NP
to TO B-VP
seek VB I-VP
his PRP$ B-NP
resignation NN I-NP
because IN B-SBAR
contemplating VBG B-VP
outside IN B-NP
business NN I-NP
ventures NNS I-NP
can MD B-VP
distract VB I-VP
an DT B-NP
executive NN I-NP
from IN B-PP
performing VBG B-VP
his PRP$ B-NP
best JJS I-NP
`` `` O
at IN B-PP
the DT B-NP
job NN I-NP
he PRP B-NP
is VBZ B-VP
paid VBN I-VP
to TO I-VP
do VB I-VP
. . O
'' '' O

Martin NNP B-NP
H. NNP I-NP
Ruby NNP I-NP
, , O
a DT B-NP
managing VBG I-NP
director NN I-NP
of IN B-PP
Capital NNP B-NP
Holding NNP I-NP
's POS B-NP
Accumulation NNP I-NP
and CC I-NP
Investment NNP I-NP
Group NNP I-NP
, , O
also RB B-ADVP
resigned VBD B-VP
to TO B-VP
pursue VB I-VP
other JJ B-NP
business NN I-NP
interests NNS I-NP
, , O
Capital NNP B-NP
Holding NNP I-NP
said VBD B-VP
. . O

Mr. NNP B-NP
Ruby NNP I-NP
, , O
39 CD B-NP
, , O
said VBD B-VP
that IN B-SBAR
he PRP B-NP
had VBD B-VP
`` `` O
an DT B-NP
amicable JJ I-NP
parting NN I-NP
'' '' O
with IN B-PP
Capital NNP B-NP
Holding NNP I-NP
and CC O
that IN B-SBAR
he PRP B-NP
has VBZ B-VP
`` `` O
a DT B-NP
number NN I-NP
of IN B-PP
ventures NNS B-NP
in IN B-PP
the DT B-NP
financial-services NNS I-NP
area NN I-NP
'' '' O
under IN B-PP
consideration NN B-NP
. . O

He PRP B-NP
said VBD B-VP
that IN O
his PRP$ B-NP
resignation NN I-NP
was VBD B-VP
a DT B-NP
mutual JJ I-NP
decision NN I-NP
with IN B-PP
Capital NNP B-NP
Holding NNP I-NP
management NN I-NP
, , O
but CC O
that IN B-SBAR
he PRP B-NP
was VBD B-VP
n't RB I-VP
actually RB I-VP
asked VBD I-VP
to TO B-VP
resign VB I-VP
. . O

The DT B-NP
Accumulation NNP I-NP
and CC I-NP
Investment NNP I-NP
Group NNP I-NP
is VBZ B-VP
responsible JJ B-ADJP
for IN B-PP
the DT B-NP
investment NN I-NP
operations NNS I-NP
of IN B-PP
all DT B-NP
Capital NNP I-NP
Holding NNP I-NP
's POS B-NP
insurance NN I-NP
businesses NNS I-NP
and CC O
markets NNS B-VP
guaranteed VBD B-NP
investment NN I-NP
contracts NNS I-NP
to TO B-PP
bank VB B-NP
trust NN I-NP
departments NNS I-NP
and CC O
other JJ B-NP
institutions NNS I-NP
. . O

It PRP B-NP
also RB B-ADVP
sells VBZ B-VP
single-premium JJ B-NP
annuities NNS I-NP
to TO B-PP
individuals NNS B-NP
. . O

Mr. NNP B-NP
Bailey NNP I-NP
said VBD B-VP
he PRP B-NP
expects VBZ B-VP
to TO I-VP
name VB I-VP
a DT B-NP
new JJ I-NP
group NN I-NP
president NN I-NP
to TO B-VP
head VB I-VP
that DT B-NP
operation NN I-NP
following VBG B-PP
the DT B-NP
Nov. NNP I-NP
8 CD I-NP
board NN I-NP
meeting NN I-NP
. . O

@ IN O

Money NNP B-NP
Market NNP I-NP
Deposits NNS I-NP
- : O
a DT B-NP
6.23 CD B-NP
% NN I-NP

a DT B-NP
- : O
Average NNP B-NP
rate NN I-NP
paid VBD B-VP
yesterday NN B-NP
by IN B-PP
100 CD B-NP
large JJ I-NP
banks NNS I-NP
and CC I-NP
thrifts NNS I-NP
in IN B-PP
the DT B-NP
10 CD I-NP
largest JJS I-NP
metropolitan JJ I-NP
areas NNS I-NP
as IN B-SBAR
compiled VBN B-VP
by IN B-PP
Bank NNP B-NP
Rate NNP I-NP
Monitor NNP I-NP
. . O

b NN B-NP
- : O
Current JJ B-NP
annual JJ I-NP
yield NN I-NP
. . O

Guaranteed VBN B-NP
minimum JJ I-NP
6 CD B-NP
% NN I-NP
. . O

-LRB- ( O
During IN B-PP
its PRP$ B-NP
centennial NN I-NP
year NN I-NP
, , O
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
will MD B-VP
report VB I-VP
events NNS B-NP
of IN B-PP
the DT B-NP
past JJ I-NP
century NN I-NP
that WDT B-NP
stand VBP B-VP
as IN B-PP
milestones NNS B-NP
of IN B-PP
American JJ B-NP
business NN I-NP
history NN I-NP
. . O
-RRB- ) O

PLASTIC NN B-NP
PENCILS NNS I-NP
, , O
CODE-NAMED VBN B-VP
E-71 NNP B-NP
, , O
made VBD B-VP
their PRP$ B-NP
hush-hush JJ I-NP
debut NN I-NP
in IN B-PP
children NNS B-NP
's POS B-NP
pencil NN I-NP
boxes NNS I-NP
at IN B-PP
five-and-dime JJ B-NP
stores NNS I-NP
in IN B-PP
1973 CD B-NP
. . O

But CC O
few NN B-NP
knew VBD B-VP
it PRP B-NP
then RB B-ADVP
and CC O
most RBS B-NP
still RB B-ADVP
think VBP B-VP
all DT B-NP
pencils NNS I-NP
are VBP B-VP
wooden JJ B-ADJP
. . O

Eagle NNP B-NP
Pencil NNP I-NP
of IN B-PP
Shelbyville NNP B-NP
, , O
Tenn. NNP B-NP
, , O
`` `` O
Pencil NNP B-NP
City NNP I-NP
U.S.A. NNP I-NP
, , O
'' '' O
had VBD B-VP
made VBN I-VP
its PRP$ B-NP
earliest JJS I-NP
pilot NN I-NP
plastic NN I-NP
pencils NNS I-NP
in IN B-PP
1971 CD B-NP
. . O

But CC O
it PRP B-NP
was VBD B-VP
n't RB O
until IN B-PP
after IN B-SBAR
it PRP B-NP
hired VBD B-VP
Arthur NNP B-NP
D. NNP I-NP
Little NNP I-NP
, , O
a DT B-NP
Cambridge NNP I-NP
, , I-NP
Mass. NNP I-NP
, , I-NP
research NN I-NP
concern NN I-NP
, , O
that IN B-ADVP
its PRP$ B-NP
new JJ I-NP
product NN I-NP
was VBD B-VP
refined JJ I-VP
for IN B-PP
commercial JJ B-NP
sale NN I-NP
in IN B-PP
1973 CD B-NP
. . O

Three CD B-NP
A.D.L. NNP I-NP
inventors NNS I-NP
applied VBD B-VP
April NNP B-NP
6 CD I-NP
, , I-NP
1973 CD I-NP
, , O
for IN B-PP
the DT B-NP
patent NN I-NP
, , O
which WDT B-NP
was VBD B-VP
assigned VBN I-VP
and CC I-VP
awarded VBN I-VP
in IN B-PP
1976 CD B-NP
to TO B-PP
Hasbro NNP B-NP
Industries NNPS I-NP
, , O
then RB B-ADVP
Eagle NNP B-NP
's POS B-NP
parent NN I-NP
. . O

Pencil NN B-NP
pushers NNS I-NP
chew VBP B-VP
and CC O
put VB B-VP
the DT B-NP
plastic NN I-NP
models NNS I-NP
behind IN B-PP
their PRP$ B-NP
ears NNS I-NP
just RB B-PP
like IN I-PP
traditional JJ B-NP
pencils NNS I-NP
made VBN B-VP
of IN B-PP
glued VBN B-NP
strips NNS I-NP
of IN B-PP
California NNP B-NP
incense NN I-NP
cedar NN I-NP
filled VBN B-VP
with IN B-PP
ceramic JJ B-NP
lead NN I-NP
. . O

It PRP B-NP
takes VBZ B-VP
five CD B-NP
steps NNS I-NP
to TO B-VP
make VB I-VP
standard JJ B-NP
pencils NNS I-NP
, , O
just RB B-NP
one CD I-NP
for IN B-PP
the DT B-NP
plastic NN I-NP
type NN I-NP
. . O

Automated NNP B-NP
machines NNS I-NP
coextrude VBP B-VP
long JJ B-NP
plastic NN I-NP
sheaths NNS I-NP
with IN B-PP
graphite-plastic JJ B-NP
cores NNS I-NP
that WDT B-NP
are VBP B-VP
printed VBN I-VP
, , I-VP
cut VB I-VP
, , I-VP
painted VBN I-VP
and CC I-VP
eraser-fitted JJ I-VP
. . O

`` `` O
After IN B-PP
more JJR B-NP
than IN I-NP
200 CD I-NP
years NNS I-NP
, , O
something NN B-NP
new JJ B-ADJP
has VBZ B-VP
happened VBN I-VP
to TO B-PP
pencils NNS B-NP
, , O
'' '' O
said VBD B-VP
Arthur NNP B-NP
D. NNP I-NP
Little NNP I-NP
in IN B-PP
a DT B-NP
1974 CD I-NP
report NN I-NP
that IN B-NP
publicly RB B-VP
described VBN I-VP
the DT B-NP
previously RB I-NP
secret JJ I-NP
item NN I-NP
. . O

Eagle NNP B-NP
's POS B-NP
plastic NN I-NP
type NN I-NP
sharpens VBZ B-VP
and CC I-VP
looks VBZ I-VP
like IN B-PP
a DT B-NP
wooden JJ I-NP
pencil NN I-NP
. . O

A DT B-NP
major JJ I-NP
difference NN I-NP
is VBZ B-VP
that IN B-SBAR
a DT B-NP
snapped VBN I-NP
wooden JJ I-NP
pencil NN I-NP
will MD B-VP
have VB I-VP
a DT B-NP
slivered VBN I-NP
break NN I-NP
while IN B-SBAR
a DT B-NP
plastic NN I-NP
model NN I-NP
will MD B-VP
break VB I-VP
cleanly RB B-ADVP
. . O

The DT B-NP
softness NN I-NP
of IN B-PP
the DT B-NP
core NN I-NP
constrains VBZ B-VP
the DT B-NP
plastic NN I-NP
models NNS I-NP
to TO B-PP
No. VB B-NP
1 CD I-NP
, , I-NP
No. NN I-NP
2 CD I-NP
or CC I-NP
No. NN I-NP
3-type JJ I-NP
pencils NNS I-NP
, , O
which WDT B-NP
account VBP B-VP
for IN B-PP
the DT B-NP
bulk NN I-NP
of IN B-PP
the DT B-NP
market NN I-NP
. . O

Artists NNS B-NP
and CC I-NP
draftsmen NNS I-NP
need VBP B-VP
harder JJR B-NP
`` `` I-NP
leads VBZ I-NP
. . O
'' '' O

Eagle NNP B-NP
, , O
now RB B-VP
called VBN I-VP
Eagle-Berol NNP B-NP
, , O
remains VBZ B-VP
a DT B-NP
leading VBG I-NP
company NN I-NP
among IN B-PP
the DT B-NP
10 CD I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
that WDT B-NP
produced VBD B-VP
about IN B-NP
2.3 CD I-NP
billion CD I-NP
pencils NNS I-NP
last JJ B-NP
year NN I-NP
, , O
according VBG B-PP
to TO B-PP
the DT B-NP
Pencil NNP I-NP
Makers NNP I-NP
Association NNP I-NP
. . O

It PRP B-NP
's VBZ B-VP
a DT B-NP
trade NN I-NP
secret JJ I-NP
how WRB B-NP
many NN I-NP
were VBD B-VP
plastic NN B-NP
, , O
and CC O
most RBS B-NP
writers NNS I-NP
still RB B-ADVP
do VBP B-VP
n't RB I-VP
know VB I-VP
what WP B-NP
they PRP B-NP
're VBP B-VP
using VBG I-VP
. . O

H.F. NNP B-NP
Ahmanson NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
the DT B-NP
nation NN I-NP
's POS B-NP
largest JJS I-NP
thrift NN I-NP
holding VBG I-NP
company NN I-NP
, , O
posted VBD B-VP
a DT B-NP
12 CD I-NP
% NN I-NP
earnings NNS I-NP
decline NN I-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
while IN B-SBAR
another DT B-NP
large JJ I-NP
California NNP I-NP
savings NNS I-NP
and CC I-NP
loan NN I-NP
, , O
Great NNP B-NP
Western NNP I-NP
Financial NNP I-NP
Corp. NNP I-NP
, , O
reported VBD B-VP
a DT B-NP
slight JJ I-NP
earnings NNS I-NP
gain NN I-NP
. . O

H.F. NNP B-NP
Ahmanson NNP I-NP
, , O
parent NN B-NP
of IN B-PP
Home NNP B-NP
Savings NNP I-NP
of IN B-PP
America NNP B-NP
, , O
reported VBD B-VP
third-quarter JJ B-NP
net NN I-NP
of IN B-PP
$ $ B-NP
49.2 CD I-NP
million CD I-NP
, , O
or CC O
50 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
from IN B-PP
$ $ B-NP
56.1 CD I-NP
million CD I-NP
, , O
or CC O
57 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
earnings NNS I-NP
decline NN I-NP
reflected VBD B-VP
an DT B-NP
increase NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
effective JJ I-NP
tax NN I-NP
rate NN I-NP
to TO B-PP
44 CD B-NP
% NN I-NP
from IN B-PP
37 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
year-ago JJ I-NP
third JJ I-NP
quarter NN I-NP
when WRB B-ADVP
nonrecurring VBG B-NP
tax NN I-NP
credits NNS I-NP
were VBD B-VP
recorded VBN I-VP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Pretax JJ B-NP
earnings NNS I-NP
declined VBD B-VP
1.3 CD B-NP
% NN I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Los NNP B-NP
Angeles-based JJ I-NP
H.F. NNP I-NP
Ahmanson NNP I-NP
had VBD B-VP
profit NN B-NP
of IN B-PP
$ $ B-NP
128.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.29 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
4.6 CD I-NP
% NN I-NP
decline NN I-NP
from IN B-PP
earnings NNS B-NP
of IN B-PP
$ $ B-NP
134.2 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
year-ago JJ I-NP
nine CD I-NP
months NNS I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
decline NN I-NP
was VBD B-VP
attributable JJ B-ADJP
to TO B-PP
a DT B-NP
79 CD I-NP
% NN I-NP
reduction NN I-NP
in IN B-PP
net JJ B-NP
gains NNS I-NP
on IN B-PP
loan NN B-NP
sales VBZ I-NP
this DT B-NP
year NN I-NP
. . O

Third-quarter JJ B-NP
spreads NNS I-NP
widened VBN B-VP
to TO B-PP
the DT B-NP
highest JJS I-NP
level NN I-NP
in IN B-PP
two CD B-NP
years NNS I-NP
as IN B-SBAR
loan NN B-NP
portfolio NN I-NP
yields NNS I-NP
rose VBD B-VP
and CC O
money NN B-NP
costs NNS I-NP
declined VBD B-VP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Great NNP B-NP
Western NNP I-NP
Financial NNP I-NP
said VBD B-VP
third-quarter JJ B-NP
profit NN I-NP
rose VBD B-VP
slightly RB B-ADVP
to TO B-PP
$ $ B-NP
68.4 CD I-NP
million CD I-NP
, , O
or CC O
52 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
67.9 CD I-NP
million CD I-NP
, , O
or CC O
53 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Great NNP B-NP
Western JJ I-NP
, , O
based VBN B-VP
in IN B-PP
Beverly NNP B-NP
Hills NNP I-NP
, , O
Calif. NNP B-NP
, , O
is VBZ B-VP
a DT B-NP
financial JJ I-NP
services NNS I-NP
firm NN I-NP
and CC O
parent NN B-NP
to TO B-PP
Great NNP B-NP
Western NNP I-NP
Bank NNP I-NP
, , O
an DT B-NP
S&L NNP I-NP
. . O

Great JJ B-NP
Western NN I-NP
said VBD B-VP
it PRP B-NP
had VBD B-VP
a DT B-NP
sharp JJ I-NP
increase NN I-NP
in IN B-PP
margins NNS B-NP
in IN B-PP
the DT B-NP
recent JJ I-NP
third JJ I-NP
quarter NN I-NP
. . O

Margins NNS B-NP
are VBP B-VP
the DT B-NP
difference NN I-NP
between IN B-PP
the DT B-NP
yield NN I-NP
on IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
earning VBG I-NP
assets NNS I-NP
and CC O
its PRP$ B-NP
own JJ I-NP
cost NN I-NP
of IN B-PP
funds NNS B-NP
. . O

But CC O
a DT B-NP
reduction NN I-NP
in IN B-PP
one-time JJ B-NP
gains NNS I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
various JJ B-NP
assets NNS I-NP
and CC O
an DT B-NP
increase NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
provision NN I-NP
for IN B-PP
loan NN B-NP
losses NNS I-NP
held VBN B-VP
down RP B-PRT
the DT B-NP
earnings NNS I-NP
gain NN I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Great NNP B-NP
Western NN I-NP
's POS B-NP
provision NN I-NP
for IN B-PP
loan NN B-NP
losses NNS I-NP
was VBD B-VP
increased VBN I-VP
to TO B-PP
$ $ B-NP
27.9 CD I-NP
million CD I-NP
for IN B-PP
the DT B-NP
recent JJ I-NP
quarter NN I-NP
compared VBN B-PP
with IN B-PP
$ $ B-NP
21.8 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
primarily RB B-PP
as IN I-PP
a DT B-NP
result NN I-NP
of IN B-PP
`` `` O
continued VBD B-NP
weakness NN I-NP
in IN B-PP
various JJ B-NP
commercial JJ I-NP
and CC I-NP
multifamily JJ I-NP
real JJ I-NP
estate NN I-NP
markets NNS I-NP
outside IN B-PP
California NNP B-NP
. . O
'' '' O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
Great NNP B-NP
Western NN I-NP
posted VBD B-VP
net NN B-NP
of IN B-PP
$ $ B-NP
177.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.37 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
5.9 CD I-NP
% NN I-NP
decline NN I-NP
from IN B-PP
$ $ B-NP
188.7 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.48 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
year-ago JJ I-NP
period NN I-NP
. . O

Dun NNP B-NP
& CC I-NP
Bradstreet NNP I-NP
Corp. NNP I-NP
posted VBD B-VP
a DT B-NP
15 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
third-quarter JJ B-NP
earnings NNS I-NP
. . O

But CC O
revenue NN B-NP
declined VBD B-VP
more JJR B-NP
than IN I-NP
2 CD I-NP
% NN I-NP
, , O
reflecting VBG B-VP
in IN B-PP
part NN B-NP
a DT B-NP
continuing VBG I-NP
drop NN I-NP
in IN B-PP
sales NNS B-NP
of IN B-PP
credit NN B-NP
services NNS I-NP
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
controversy NN B-NP
over IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
sales NNS I-NP
practices NNS I-NP
. . O

The DT B-NP
information NN I-NP
company NN I-NP
also RB B-ADVP
cited VBD B-VP
the DT B-NP
stronger JJR I-NP
dollar NN I-NP
, , O
the DT B-NP
sale NN I-NP
last JJ B-NP
year NN I-NP
of IN B-PP
its PRP$ B-NP
former JJ I-NP
Official NNP I-NP
Airline NNP I-NP
Guides NNS I-NP
unit NN I-NP
and CC O
other JJ B-NP
factors NNS I-NP
. . O

Net JJ B-NP
income NN I-NP
rose VBD B-VP
to TO B-PP
a DT B-NP
record NN I-NP
$ $ I-NP
155.3 CD I-NP
million CD I-NP
, , O
or CC O
83 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
134.8 CD I-NP
million CD I-NP
, , O
or CC O
72 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
1.04 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.07 CD I-NP
billion CD I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
Dun NNP B-NP
& CC I-NP
Bradstreet NNP I-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
53.75 CD I-NP
, , O
down RB B-ADVP
25 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Analysts NNS B-NP
said VBD B-VP
the DT B-NP
results NNS I-NP
were VBD B-VP
as IN O
expected VBN B-VP
, , O
but CC O
several JJ B-NP
added VBD B-VP
that IN B-SBAR
the DT B-NP
earnings NNS I-NP
masked VBN B-VP
underlying VBG B-NP
weaknesses NNS I-NP
in IN B-PP
several JJ B-NP
businesses NNS I-NP
. . O

`` `` O
The DT B-NP
quality NN I-NP
of IN B-PP
earnings NNS B-NP
was VBD B-VP
n't RB O
as RB B-ADJP
high JJ I-ADJP
as IN B-SBAR
I PRP B-NP
expected VBD B-VP
, , O
'' '' O
said VBD B-VP
Eric NNP B-NP
Philo NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
for IN B-PP
Goldman NNP B-NP
, , I-NP
Sachs NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

For IN B-PP
example NN B-NP
, , O
he PRP B-NP
noted VBD B-VP
, , O
operating VBG B-NP
profit NN I-NP
was VBD B-VP
weaker JJR B-ADJP
than IN B-SBAR
he PRP B-NP
had VBD B-VP
anticipated VBN I-VP
, , O
but CC O
nonoperating VBG B-NP
earnings NNS I-NP
of IN B-PP
$ $ B-NP
14.6 CD I-NP
million CD I-NP
and CC O
a DT B-NP
lower JJR I-NP
tax NN I-NP
rate NN I-NP
helped VBD B-VP
boost VB I-VP
net JJ B-NP
income NN I-NP
. . O

Dun NNP B-NP
& CC I-NP
Bradstreet NNP I-NP
said VBD B-VP
operating VBG B-NP
earnings NNS I-NP
rose VBD B-VP
8 CD B-NP
% NN I-NP
, , O
excluding VBG B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
Official NNP B-NP
Airline NNP I-NP
Guides NNS I-NP
. . O

Third-quarter JJ B-NP
sales NNS I-NP
of IN B-PP
U.S. NNP B-NP
credit NN I-NP
services NNS I-NP
were VBD B-VP
`` `` O
disappointingly RB B-ADVP
below IN B-PP
sales NNS B-NP
'' '' O
of IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
Dun NNP B-NP
& CC I-NP
Bradstreet NNP I-NP
said VBD B-VP
. . O

As IN B-SBAR
previously RB B-ADVP
reported VBD B-VP
, , O
those DT B-NP
sales NNS I-NP
have NN B-VP
been VBN I-VP
declining VBG I-VP
this DT B-NP
year NN I-NP
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
allegations NNS B-NP
that IN B-SBAR
the DT B-NP
company NN I-NP
engaged VBN B-VP
in IN B-PP
unfair JJ B-NP
sales NNS I-NP
practices NNS I-NP
that WDT B-NP
encouraged VBD B-VP
customers NNS B-NP
to TO B-VP
overpurchase VB I-VP
services NNS B-NP
. . O

The DT B-NP
company NN I-NP
has VBZ B-VP
denied VBN I-VP
the DT B-NP
allegations NNS I-NP
but CC O
has VBZ B-VP
negotiated VBN I-VP
a DT B-NP
proposed VBN I-NP
$ $ I-NP
18 CD I-NP
million CD I-NP
settlement NN I-NP
of IN B-PP
related VBN B-NP
lawsuits NNS I-NP
. . O

Analysts NNS B-NP
predict VBP B-VP
the DT B-NP
sales NNS I-NP
impact NN I-NP
will MD B-VP
linger VB I-VP
. . O

`` `` O
There EX B-NP
is VBZ B-VP
n't RB O
much JJ B-NP
question NN I-NP
there EX B-NP
will MD B-VP
continue VB I-VP
to TO I-VP
be VB I-VP
a DT B-NP
ripple NN I-NP
effect NN I-NP
, , O
'' '' O
said VBD B-VP
John NNP B-NP
Reidy NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc NNP I-NP
. . O

Dun NNP B-NP
& CC I-NP
Bradstreet NNP I-NP
noted VBD B-VP
that DT B-SBAR
price NN B-NP
competition NN I-NP
in IN B-PP
its PRP$ B-NP
Nielsen NNP I-NP
Marketing NNP I-NP
Research NNP I-NP
, , I-NP
Nielsen NNP I-NP
Clearing NNP I-NP
House NNP I-NP
and CC I-NP
Donnelley NNP I-NP
Marketing NNP I-NP
businesses NNS I-NP
also RB B-ADVP
restrained VBN B-VP
revenue NN B-NP
growth NN I-NP
. . O

It PRP B-NP
cited VBD B-VP
cyclical JJ B-NP
conditions NNS I-NP
in IN B-PP
its PRP$ O
Moody NNP B-NP
's POS B-NP
Investors NNP I-NP
Service NNP I-NP
Inc. NNP I-NP
and CC I-NP
D&B NNP I-NP
Plan NNP I-NP
Services NNPS I-NP
units NNS I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
net JJ B-NP
income NN I-NP
rose VBD B-VP
19 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
449 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.40 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
375.9 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.01 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Year-earlier JJ B-NP
earnings NNS I-NP
reflected VBD B-VP
costs NNS B-NP
of IN B-PP
$ $ B-NP
14.3 CD I-NP
million CD I-NP
related VBN B-ADJP
to TO B-PP
the DT B-NP
acquisition NN I-NP
of IN B-PP
IMS NNP B-NP
International NNP I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
slightly RB B-ADVP
to TO B-PP
$ $ B-NP
3.16 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
3.13 CD I-NP
billion CD I-NP
. . O

Control NNP B-NP
Data NNP I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
licensed VBD B-VP
its PRP$ B-NP
airline NN I-NP
yield-management NN I-NP
software NN I-NP
to TO B-PP
the DT B-NP
International NNP I-NP
Air NNP I-NP
Transport NNP I-NP
Association NNP I-NP
. . O

Terms NNS B-NP
include VBP B-VP
a DT B-NP
royalty NN I-NP
arrangement NN I-NP
, , O
but CC O
details NNS B-NP
were VBD B-VP
n't RB I-VP
disclosed VBN I-VP
. . O

The DT B-NP
computer NN I-NP
equipment NN I-NP
and CC I-NP
financial JJ I-NP
services NNS I-NP
company NN I-NP
said VBD B-VP
IATA NNP B-NP
, , O
a DT B-NP
trade NN I-NP
group NN I-NP
, , O
will MD B-VP
sell VB I-VP
access NN B-NP
to TO B-PP
the DT B-NP
package NN I-NP
to TO B-PP
its PRP$ B-NP
180 CD I-NP
airline NN I-NP
members NNS I-NP
world-wide JJ B-ADVP
. . O

Control NNP B-NP
Data NNP I-NP
will MD B-VP
receive VB I-VP
revenue NN B-NP
linked VBN B-VP
to TO B-PP
the DT B-NP
number NN I-NP
of IN B-PP
passengers NNS B-NP
served VBN B-VP
by IN B-PP
the DT B-NP
software NN I-NP
, , O
IATA NNP B-NP
said VBD B-VP
. . O

The DT B-NP
package NN I-NP
helps VBZ B-VP
carriers NNS B-NP
solve VBP B-VP
pricing VBG B-NP
problems NNS I-NP
, , O
such JJ B-PP
as IN I-PP
how WRB B-ADVP
to TO B-VP
react VB I-VP
to TO B-PP
discounts NNS B-NP
offered VBN B-VP
by IN B-PP
competitors NNS B-NP
or CC O
what WP B-NP
would MD B-VP
be VB I-VP
the DT B-NP
optimum JJ I-NP
number NN I-NP
of IN B-PP
seats NNS B-NP
to TO B-VP
offer VB I-VP
at IN B-PP
a DT B-NP
given VBN I-NP
price NN I-NP
. . O

Wheeling-Pittsburgh NNP B-NP
Steel NNP I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
decided VBD B-VP
to TO I-VP
proceed VB I-VP
with IN B-PP
installation NN B-NP
of IN B-PP
automatic JJ B-NP
gauge NN I-NP
and CC I-NP
shape NN I-NP
controls NNS I-NP
at IN B-PP
its PRP$ B-NP
60-inch JJ I-NP
tandem NN I-NP
cold JJ I-NP
rolling NN I-NP
mill NN I-NP
in IN B-PP
Allenport NNP B-NP
, , O
Pa NNP B-NP
. . O

The DT B-NP
new JJ I-NP
equipment NN I-NP
, , O
which WDT B-NP
will MD B-VP
produce VB I-VP
steel NN B-NP
sheet NN I-NP
with IN B-PP
more JJR B-NP
uniform NN I-NP
thickness NN I-NP
and CC I-NP
flatness NN I-NP
, , O
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
cost VB I-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
20 CD I-NP
million CD I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

When WRB B-ADVP
the DT B-NP
company NN I-NP
last RB B-ADVP
considered VBD B-VP
adding VBG I-VP
the DT B-NP
equipment NN I-NP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
it PRP B-NP
estimated VBD B-VP
the DT B-NP
cost NN I-NP
at IN B-PP
$ $ B-NP
21 CD I-NP
million CD I-NP
to TO O
$ $ B-NP
22 CD I-NP
million CD I-NP
, , O
but CC O
a DT B-NP
task NN I-NP
force NN I-NP
will MD B-VP
have VB I-VP
to TO I-VP
prepare VB I-VP
a DT B-NP
detailed VBN I-NP
plan NN I-NP
before IN B-SBAR
the DT B-NP
company NN I-NP
can MD B-VP
predict VB I-VP
the DT B-NP
current JJ I-NP
cost NN I-NP
. . O

The DT B-NP
time NN I-NP
schedule NN I-NP
for IN B-PP
installing VBG B-VP
the DT B-NP
equipment NN I-NP
also RB B-ADVP
will MD B-VP
be VB I-VP
developed VBN I-VP
by IN B-PP
the DT B-NP
task NN I-NP
force NN I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Sir NNP B-NP
Richard NNP I-NP
Butler NNP I-NP
, , O
60-year-old JJ B-NP
chairman NN I-NP
of IN B-PP
Agricola NNP B-NP
-LRB- ( O
U.K NNP O
. . O
-RRB- ) O
Ltd. NNP B-NP
, , O
was VBD B-VP
named VBN I-VP
chairman NN B-NP
of IN B-PP
County NNP B-NP
NatWest NNP I-NP
Investment NNP I-NP
Management NNP I-NP
Ltd. NNP I-NP
, , O
the DT B-NP
investment NN I-NP
management NN I-NP
subsidiary NN I-NP
of IN B-PP
County NNP B-NP
NatWest NNP I-NP
Ltd. NNP I-NP
, , O
the DT B-NP
investment NN I-NP
banking NN I-NP
arm NN I-NP
of IN B-PP
this DT B-NP
British JJ I-NP
bank NN I-NP
. . O

Sir NNP B-NP
Richard NNP I-NP
succeeds VBZ B-VP
John NNP B-NP
Plastow NNP I-NP
, , O
who WP B-NP
resigned VBD B-VP
in IN B-PP
July NNP B-NP
. . O

Sir NNP B-NP
Richard NNP I-NP
is VBZ B-VP
also RB B-ADVP
a DT B-NP
non-executive JJ I-NP
director NN I-NP
at IN B-PP
National NNP B-NP
Westminister NNP I-NP
Bank NNP I-NP
and CC O
NatWest NNP B-NP
Investment NNP I-NP
Bank NNP I-NP
Ltd NNP I-NP
. . O

In IN B-PP
the DT B-NP
long JJ I-NP
, , I-NP
frightening JJ I-NP
night NN I-NP
after IN B-PP
Tuesday NNP B-NP
's POS B-NP
devastating JJ I-NP
earthquake NN I-NP
, , O
Bay NNP B-NP
Area NNP I-NP
residents NNS I-NP
searched VBD B-VP
for IN B-PP
comfort NN B-NP
and CC I-NP
solace NN I-NP
wherever WRB B-ADVP
they PRP B-NP
could MD B-VP
. . O

Some DT B-NP
found VBD B-VP
it PRP B-NP
on IN B-PP
the DT B-NP
screen NN I-NP
of IN B-PP
a DT B-NP
personal JJ I-NP
computer NN I-NP
. . O

Hundreds NNS B-NP
of IN B-PP
Californians NNS B-NP
made VBD B-VP
their PRP$ B-NP
way NN I-NP
to TO B-PP
their PRP$ B-NP
computers NNS I-NP
after IN B-PP
the DT B-NP
quake NN I-NP
, , O
and CC O
checked VBD B-VP
in IN B-PRT
with IN B-PP
each DT B-NP
other NN I-NP
on IN B-PP
electronic JJ B-NP
bulletin NN I-NP
boards NNS I-NP
, , O
which WDT B-NP
link VBP B-VP
computers NNS B-NP
CB-radio-style JJ B-ADVP
, , O
via IN B-PP
phone NN B-NP
lines NNS I-NP
. . O

Some DT B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
vivid JJ I-NP
bulletins NNS I-NP
came VBD B-VP
over IN B-PP
The DT B-NP
Well UH I-NP
, , O
a DT B-NP
Sausalito NNP I-NP
, , I-NP
Calif. NNP I-NP
, , I-NP
board NN I-NP
that WDT B-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
the DT B-NP
liveliest JJS I-NP
outposts NNS I-NP
of IN B-PP
the DT B-NP
electronic JJ I-NP
underground NN I-NP
. . O

About IN B-NP
two-thirds NNS I-NP
of IN B-PP
the DT B-NP
Well UH I-NP
's POS B-NP
3,000 CD I-NP
subscribers NNS I-NP
live VBP B-VP
in IN B-PP
the DT B-NP
Bay NNP I-NP
Area NNP I-NP
. . O

The DT B-NP
quake NN I-NP
knocked VBD B-VP
The DT B-NP
Well UH I-NP
out IN B-PRT
for IN B-PP
six CD B-NP
hours NNS I-NP
, , O
but CC O
when WRB B-ADVP
it PRP B-NP
came VBD B-VP
back RB B-ADVP
up IN B-ADJP
, , O
it PRP B-NP
teemed VBD B-VP
with IN B-PP
emotional JJ B-NP
first-hand JJ I-NP
reports NNS I-NP
. . O

Following VBG B-VP
are VBP O
excerpts NNS B-NP
from IN B-PP
the DT B-NP
electronic JJ I-NP
traffic NN I-NP
that DT B-NP
night NN I-NP
. . O

The DT B-NP
time NN I-NP
is VBZ B-VP
Pacific NNP B-NP
Daylight NNP I-NP
Time NNP I-NP
, , O
and CC O
the DT B-NP
initials NNS I-NP
or CC I-NP
nicknames NNS I-NP
are VBP B-VP
those DT B-NP
subscribers NNS B-NP
use VBP B-VP
to TO B-VP
identify VB I-VP
themselves PRP B-NP
. . O

11:54 CD B-NP
p.m RB I-NP
. . O

JCKC NNP B-NP
: : O

Wow UH B-INTJ
! . O

I PRP B-NP
was VBD B-VP
in IN B-PP
the DT B-NP
avenues NNS I-NP
, , O
on IN B-PP
the DT B-NP
third JJ I-NP
floor NN I-NP
of IN B-PP
an DT B-NP
old JJ I-NP
building NN I-NP
, , O
and CC O
except IN B-PP
for IN B-PP
my PRP$ B-NP
heart NN I-NP
-LRB- ( O
Beat NNP B-INTJ
, , I-INTJ
BEAT NN I-INTJ
! . O
-RRB- ) O
I PRP B-NP
'm VBP B-VP
OK JJ B-ADJP
. . O

Got VBD B-VP
back RB B-ADVP
to TO B-PP
Bolinas NNP B-NP
, , O
and CC O
everything NN B-NP
had VBD B-VP
fallen VBN I-VP
: : O
broken VBN B-NP
poster NN I-NP
frames NNS I-NP
with IN B-PP
glass NN B-NP
on IN B-PP
the DT B-NP
floor NN I-NP
, , O
file VB B-NP
cabinets NNS I-NP
open JJ B-ADJP
or CC O
dumped VBD B-VP
onto IN B-PP
the DT B-NP
floor NN I-NP
. . O

11:59 CD B-NP
p.m RB I-NP
. . O

JKD NNP B-NP
: : O

I PRP B-NP
was VBD B-VP
in IN B-PP
my PRP$ B-NP
favorite JJ I-NP
watering NN I-NP
hole NN I-NP
, , O
waiting VBG B-VP
for IN B-SBAR
the DT B-NP
game NN I-NP
to TO B-VP
start VB I-VP
. . O

I PRP B-NP
felt VBD B-VP
the DT B-NP
temblor NN I-NP
begin VB B-VP
and CC O
glanced VBD B-VP
at IN B-PP
the DT B-NP
table NN I-NP
next JJ B-ADVP
to TO B-PP
mine VB B-NP
, , O
smiled VBD B-VP
that IN B-NP
guilty JJ I-NP
smile NN I-NP
and CC O
we PRP B-NP
both DT B-NP
mouthed VBD B-VP
the DT B-NP
words NNS I-NP
, , O
`` `` O
Earth-quake NN B-NP
! . O
'' '' O
together RB B-ADVP
. . O

That DT B-NP
's VBZ B-VP
usually RB B-ADVP
how WRB B-ADVP
long JJ O
it PRP B-NP
takes VBZ B-VP
for IN B-SBAR
the DT B-NP
temblors NNS I-NP
to TO B-VP
pass VB I-VP
. . O

This DT B-NP
time NN I-NP
, , O
it PRP B-NP
just RB B-ADVP
got VBD B-VP
stronger JJR B-ADJP
and CC O
then RB O
the DT B-NP
building NN I-NP
started VBD B-VP
shaking VBG I-VP
violently RB B-ADVP
up IN B-ADVP
and CC I-ADVP
down RB I-ADVP
as IN B-SBAR
though IN I-SBAR
it PRP B-NP
were VBD B-VP
a DT B-NP
child NN I-NP
's POS B-NP
toy NN I-NP
block NN I-NP
that WDT B-NP
was VBD B-VP
being VBG I-VP
tossed VBN I-VP
. . O

12:06 CD B-NP
a.m RB I-NP
. . O

HRH NNP B-NP
: : O

I PRP B-NP
was VBD B-VP
in IN B-PP
the DT B-NP
Berkeley NNP I-NP
Main NNP I-NP
library NN I-NP
when WRB B-ADVP
it PRP B-NP
hit VBD B-VP
. . O

Endless JJ B-NP
seconds NNS I-NP
wondering VBG B-VP
if IN B-SBAR
those DT B-NP
huge JJ I-NP
windows NNS I-NP
would MD B-VP
buckle VB I-VP
and CC O
shower NN B-VP
us PRP B-NP
with IN B-PP
glass NN B-NP
. . O

Only RB B-NP
a DT I-NP
few JJ I-NP
books NNS I-NP
fell VBD B-VP
in IN B-PP
the DT B-NP
reading NN I-NP
room NN I-NP
. . O

Then RB O
the DT B-NP
auto NN I-NP
paint NN I-NP
shop NN I-NP
fire NN I-NP
sent VBD B-VP
an DT B-NP
evil-looking JJ I-NP
cloud NN I-NP
of IN B-PP
black JJ B-NP
smoke NN I-NP
into IN B-PP
the DT B-NP
air NN I-NP
. . O

12:07 CD B-NP
a.m RB I-NP
. . O

ONEZIE NNP B-NP
: : O

My PRP$ B-NP
younger JJR I-NP
daughter NN I-NP
and CC O
I PRP B-NP
are VBP B-VP
fine JJ B-ADJP
. . O

This DT B-NP
building NN I-NP
shook VBD B-VP
like IN B-PP
hell NN B-NP
and CC O
it PRP B-NP
kept VBD B-VP
getting VBG I-VP
stronger JJR B-ADJP
. . O

Except IN B-PP
for IN B-PP
the DT B-NP
gas NN I-NP
tank NN I-NP
at IN B-PP
Hustead NNP B-NP
's POS B-NP
Towing NNP I-NP
Service NNP I-NP
exploding VBG B-VP
and CC I-VP
burning VBG I-VP
in IN B-PP
downtown NN B-NP
Berkeley NNP I-NP
, , O
things NNS B-NP
here RB B-ADVP
are VBP B-VP
quite RB B-ADJP
peaceful JJ I-ADJP
. . O

A DT B-NP
lot NN I-NP
of IN B-PP
car NN B-NP
alarms NNS I-NP
went VBD B-VP
off RB B-PRT
. . O

The DT B-NP
cats NNS I-NP
are VBP B-VP
fine JJ B-ADJP
, , I-ADJP
although IN I-ADJP
nervous JJ I-ADJP
. . O

12:15 CD B-NP
a.m RB I-NP
. . O

DHAWK NNP B-NP
: : O

Huge JJ B-NP
fire NN I-NP
from IN B-PP
broken VBN B-NP
gas NN I-NP
main JJ I-NP
in IN B-PP
the DT B-NP
Marina NNP I-NP
in IN B-PP
SF NNP B-NP
. . O

Areas NNS B-NP
that WDT B-NP
are VBP B-VP
made VBN I-VP
of IN B-PP
` `` O
fill NN B-NP
' '' O
liquefy VB B-VP
. . O

A DT B-NP
woman NN I-NP
in IN B-PP
a DT B-NP
three-story JJ I-NP
apartment NN I-NP
was VBD B-VP
able JJ B-ADJP
to TO B-VP
walk VB I-VP
out RP B-PP
the IN B-NP
window NN I-NP
of IN B-PP
the DT B-NP
third JJ I-NP
floor NN I-NP
onto IN B-PP
street NN B-NP
level NN I-NP
after IN B-PP
the DT B-NP
quake NN I-NP
. . O

The DT B-NP
house NN I-NP
just RB B-ADVP
settled VBD B-VP
right RB B-ADVP
down RB I-ADVP
into IN B-PP
the DT B-NP
ground NN I-NP
. . O

12:38 CD B-NP
a.m RB I-NP
. . O

DAYAC NNP B-NP
: : O

I PRP B-NP
was VBD B-VP
driving VBG I-VP
my PRP$ B-NP
truck NN I-NP
, , O
stopped VBD B-VP
at IN B-PP
a DT B-NP
red JJ I-NP
light NN I-NP
at IN B-PP
the DT B-NP
corner NN I-NP
of IN B-PP
Shattuck NNP B-NP
and CC I-NP
Alcatraz NNP I-NP
at IN B-PP
the DT B-NP
Oakland-Berkeley NNP I-NP
border NN I-NP
when WRB B-ADVP
it PRP B-NP
hit VBD B-VP
. . O

Worst JJS B-NP
part NN I-NP
was VBD B-VP
watching VBG I-VP
power NN B-NP
lines NNS I-NP
waving VBG B-VP
above IN B-PP
my PRP$ B-NP
head NN I-NP
and CC O
no DT B-NP
way NN I-NP
to TO B-VP
drive VB I-VP
away RB B-ADVP
. . O

12:48 CD B-NP
a.m RB I-NP
. . O

LMEYER NNP B-NP
: : O

Was VBD B-VP
300 CD B-NP
ft. NN I-NP
out IN B-ADVP
on IN B-PP
a DT B-NP
pier NN I-NP
in IN B-PP
San NNP B-NP
Rafael NNP I-NP
. . O

It PRP B-NP
flopped VBD B-VP
all DT B-ADVP
around IN I-ADVP
, , O
real JJ B-ADJP
dramatic JJ I-ADJP
! . O

Many JJ B-NP
hairline NN I-NP
cracks NNS I-NP
in IN B-PP
the DT B-NP
concrete JJ I-NP
slabs NNS I-NP
afterwards RB B-ADVP
. . O

Ruined VBN B-VP
the DT B-NP
damn JJ I-NP
fishing NN I-NP
! . O

1:00 CD B-NP
a.m RB I-NP
. . O

HEYNOW NNP B-NP
: : O

I PRP B-NP
rode VBD B-VP
it PRP B-NP
out IN B-PRT
on IN B-PP
the DT B-NP
second JJ I-NP
floor NN I-NP
of IN B-PP
Leo NNP B-NP
's POS B-NP
at IN B-PP
55th NN B-NP
and CC I-NP
Telegraph NNP I-NP
in IN B-PP
Oakland NNP B-NP
. . O

I PRP B-NP
heard VBD B-VP
parts NNS B-NP
of IN B-PP
the DT B-NP
building NN I-NP
above IN B-PP
my PRP$ B-NP
head NN I-NP
cracking VBG B-VP
. . O

I PRP B-NP
actually RB B-ADVP
thought VBD B-VP
that IN B-SBAR
I PRP B-NP
might MD B-VP
die VB I-VP
. . O

I PRP B-NP
could MD B-VP
n't RB I-VP
decide VB I-VP
if IN B-SBAR
I PRP B-NP
should MD B-VP
come VB I-VP
home NN B-ADVP
to TO B-PP
Marin NNP B-NP
, , O
because IN B-SBAR
my PRP$ B-NP
house NN I-NP
is VBZ B-VP
on IN B-PP
stilts NNS B-NP
. . O

I PRP B-NP
decided VBD B-VP
to TO I-VP
brave VB I-VP
the DT B-NP
storm NN I-NP
. . O

There EX B-NP
was VBD B-VP
a DT B-NP
horrible JJ I-NP
smell NN I-NP
of IN B-PP
gas NN B-NP
as IN B-SBAR
I PRP B-NP
passed VBD B-VP
the DT B-NP
Chevron NNP I-NP
refinery NN I-NP
before IN B-PP
crossing VBG B-VP
the DT B-NP
Richmond-San NNP I-NP
Rafael NNP I-NP
Bridge NNP I-NP
. . O

I PRP B-NP
could MD B-VP
also RB I-VP
see VB I-VP
the DT B-NP
clouds NNS I-NP
across IN B-PP
the DT B-NP
bay NN I-NP
from IN B-PP
the DT B-NP
horrible JJ I-NP
fire NN I-NP
in IN B-PP
the DT B-NP
Marina NNP I-NP
District NNP I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
. . O

I PRP B-NP
have VBP B-VP
felt VBN I-VP
many JJ B-NP
aftershocks NNS I-NP
. . O

My PRP$ B-NP
back RB I-NP
is VBZ B-VP
still RB B-ADVP
in IN B-PP
knots NNS B-NP
and CC O
my PRP$ B-NP
hands NNS I-NP
are VBP B-VP
still RB I-VP
shaking VBG I-VP
. . O

I PRP B-NP
think VBP B-VP
a DT B-NP
few NN I-NP
of IN B-PP
the DT B-NP
aftershocks NNS I-NP
might MD B-VP
just RB I-VP
be VB I-VP
my PRP$ B-NP
body NN I-NP
shaking VBG B-VP
. . O

1:11 CD B-NP
a.m. NN I-NP

GR8FLRED CD B-NP
: : O

I PRP B-NP
could MD B-VP
see VB I-VP
the DT B-NP
flames NNS I-NP
from IN B-PP
San NNP B-NP
Francisco NNP I-NP
from IN B-PP
my PRP$ B-NP
house NN I-NP
across IN B-PP
the DT B-NP
bay NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
hard JJ B-ADJP
to TO B-VP
believe VB I-VP
this DT B-NP
really RB B-ADVP
is VBZ B-VP
happening VBG I-VP
. . O

1:11 CD B-NP
a.m RB I-NP
. . O

RD NNP B-NP
: : O

Building NNP B-NP
on IN B-PP
the DT B-NP
corner NN I-NP
severely RB B-VP
damaged VBD I-VP
, , O
so RB O
an DT B-NP
old JJ I-NP
lady NN I-NP
and CC O
her PRP$ B-NP
very RB I-NP
old JJ I-NP
mother NN I-NP
are VBP B-VP
in IN B-PP
the DT B-NP
guest NN I-NP
room NN I-NP
. . O

Books NNS B-NP
and CC I-NP
software NN I-NP
everywhere RB B-ADVP
. . O

This DT B-NP
being VBG B-VP
typed VBN I-VP
in IN B-PP
a DT B-NP
standing VBG I-NP
position NN I-NP
. . O

1:20 CD B-NP
a.m RB I-NP
. . O

DGAULT NNP B-NP
: : O

Bolinas NNP B-NP
-- : O
astride IN B-PP
the DT B-NP
San NNP I-NP
Andreas NNP I-NP
Fault NNP I-NP
. . O

Did VBD B-VP
n't RB I-VP
feel VB I-VP
a DT B-NP
thing NN I-NP
, , O
but CC O
noticed VBD B-VP
some DT B-NP
strange JJ I-NP
bird NN I-NP
behavior NN I-NP
. . O

Duck NN B-NP
swarms NNS I-NP
. . O

3:25 CD B-NP
a.m RB I-NP
. . O

SAMURAI NNP B-NP
: : O

I PRP B-NP
just RB B-ADVP
felt VBD B-VP
another DT B-NP
aftershock NN I-NP
a DT B-NP
few JJ I-NP
seconds NNS I-NP
ago RB B-ADVP
. . O

I PRP B-NP
'm VBP B-VP
just RB B-ADVP
numb JJ B-ADJP
. . O

3:25 CD B-NP
a.m RB I-NP
. . O

MACPOST NNP B-NP
: : O

Downtown NNP B-NP
Bolinas NNP I-NP
seems VBZ B-VP
to TO I-VP
be VB I-VP
the DT B-NP
part NN I-NP
of IN B-PP
town NN B-NP
that WDT B-NP
's VBZ B-VP
worst JJS B-ADJP
off RB I-ADJP
. . O

No DT B-NP
power NN I-NP
, , O
minimal JJ B-NP
phones NNS I-NP
, , O
and CC O
a DT B-NP
mess NN I-NP
of IN B-PP
mayonnaise NN B-NP
, , O
wine NN B-NP
, , O
and CC O
everything NN B-NP
else RB B-ADJP
all DT B-ADVP
over IN B-PP
the DT B-NP
floors NNS I-NP
of IN B-PP
the DT B-NP
big JJ I-NP
old JJ I-NP
general JJ I-NP
store NN I-NP
and CC O
the DT B-NP
People NNS I-NP
's POS B-NP
Co-op NN I-NP
. . O

The DT B-NP
quivers NNS I-NP
move VBP B-VP
through IN B-PP
my PRP$ B-NP
house NN I-NP
every DT B-NP
few JJ I-NP
minutes NNS I-NP
at IN B-PP
unpredictable JJ B-NP
intervals NNS I-NP
, , O
and CC O
the DT B-NP
mouse NN I-NP
that WDT B-NP
's VBZ B-VP
been VBN I-VP
living VBG I-VP
in IN B-PP
my PRP$ B-NP
kitchen NN I-NP
has VBZ B-VP
taken VBN I-VP
refuge NN B-NP
under IN B-PP
my PRP$ B-NP
desk NN I-NP
. . O

It PRP B-NP
runs VBZ B-VP
out IN B-ADVP
frantically RB B-ADVP
now RB B-ADVP
and CC I-ADVP
then RB I-ADVP
, , O
and CC O
is VBZ B-VP
clearly RB B-ADVP
pretty RB B-ADJP
distressed JJ I-ADJP
. . O

I PRP B-NP
was VBD B-VP
in IN B-PP
Stinson NNP B-NP
Beach NNP I-NP
when WRB B-ADVP
the DT B-NP
quake NN I-NP
rolled VBD B-VP
through IN B-PP
town NN B-NP
. . O

At IN B-ADVP
first JJ I-ADVP
, , O
we PRP B-NP
were VBD B-VP
unfazed VBN I-VP
. . O

Then RB O
as IN B-SBAR
things NNS B-NP
got VBD B-VP
rougher JJR B-ADJP
, , O
we PRP B-NP
ran VBD B-VP
for IN B-PP
the DT B-NP
door NN I-NP
and CC O
spent VBD B-VP
the DT B-NP
next JJ I-NP
few JJ I-NP
minutes NNS I-NP
outside IN B-ADVP
watching VBG B-VP
the DT B-NP
brick NN I-NP
sidewalk NN I-NP
under IN B-PP
our PRP$ B-NP
feet NNS I-NP
oozing VBG B-VP
up IN B-ADVP
and CC I-ADVP
down RB I-ADVP
, , O
and CC O
the DT B-NP
flowers NNS I-NP
waving VBG B-VP
in IN B-PP
an DT B-NP
eerie JJ I-NP
rhythm NN I-NP
. . O

Amazing JJ B-ADJP
what WP B-NP
it PRP B-NP
does VBZ B-VP
to TO B-PP
one CD B-NP
's POS B-NP
heart NN I-NP
rate NN I-NP
and CC O
one CD B-NP
's POS B-NP
short-term JJ I-NP
memory NN I-NP
. . O

Everyone NN B-NP
looked VBD B-VP
calm JJ B-ADJP
, , O
but CC O
there EX B-NP
was VBD B-VP
this DT B-NP
surreal JJ I-NP
low JJ I-NP
level NN I-NP
of IN B-PP
confusion NN B-NP
as IN B-SBAR
the DT B-NP
aftershocks NNS I-NP
continued VBD B-VP
. . O

4:02 CD B-NP
a.m RB I-NP
. . O

SHIBUMI NNP B-NP
: : O

Power NNP B-NP
is VBZ B-VP
back RB B-ADVP
on IN B-ADVP
, , O
and CC O
UCSF NNP B-NP
-LCB- ( O
medical JJ B-NP
center NN I-NP
-RCB- ) O
seems VBZ B-VP
to TO I-VP
have VB I-VP
quieted VBN I-VP
down RB B-PRT
for IN B-PP
the DT B-NP
night NN I-NP
-LRB- ( O
they PRP B-NP
were VBD B-VP
doing VBG I-VP
triage NN B-NP
out IN B-PP
in IN B-PP
the DT B-NP
parking NN I-NP
lot NN I-NP
from IN B-PP
the DT B-NP
sound NN I-NP
and CC I-NP
lights NNS I-NP
of IN B-PP
it PRP B-NP
-RRB- ) O
. . O

A DT B-NP
friend NN I-NP
of IN B-PP
mine NN B-NP
was VBD B-VP
in IN B-PP
an DT B-NP
underground JJ I-NP
computer NN I-NP
center NN I-NP
in IN B-PP
downtown NN B-NP
SF NNP I-NP
when WRB B-ADVP
the DT B-NP
quake NN I-NP
hit VBD B-VP
. . O

He PRP B-NP
said VBD B-VP
that IN B-SBAR
one CD B-NP
of IN B-PP
the DT B-NP
computers NNS I-NP
took VBD B-VP
a DT B-NP
three-foot JJ I-NP
trip NN I-NP
sliding VBG B-VP
across IN B-PP
the DT B-NP
floor NN I-NP
. . O

Today NN B-NP
should MD B-VP
be VB I-VP
interesting JJ B-ADJP
as IN B-SBAR
people NNS B-NP
realize VBP B-VP
how WRB B-ADVP
hard JJ O
life NN B-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
here RB B-ADVP
for IN B-PP
a DT B-NP
while NN I-NP
. . O

4:30 CD B-NP
a.m RB I-NP
. . O

KIM NNP B-NP
: : O

I PRP B-NP
got VBD B-VP
home NN B-NP
, , O
let VB B-VP
the DT B-NP
dogs NNS I-NP
into IN B-PP
the DT B-NP
house NN I-NP
and CC O
noticed VBD B-VP
some DT B-NP
sounds VBZ I-NP
above IN B-PP
my PRP$ B-NP
head NN I-NP
, , O
as IN B-SBAR
if IN I-SBAR
someone NN B-NP
were VBD B-VP
walking VBG I-VP
on IN B-PP
the DT B-NP
roof NN I-NP
, , O
or CC O
upstairs NN B-NP
. . O

Then RB O
I PRP B-NP
noticed VBD B-VP
the DT B-NP
car NN I-NP
was VBD B-VP
bouncing VBG I-VP
up IN B-ADVP
and CC I-ADVP
down RB I-ADVP
as IN B-SBAR
if IN I-SBAR
someone NN B-NP
were VBD B-VP
jumping VBG I-VP
on IN B-PP
it PRP B-NP
. . O

I PRP B-NP
realized VBD B-VP
what WP B-NP
was VBD B-VP
happening VBG I-VP
and CC O
screamed VBD B-VP
into IN B-PP
the DT B-NP
house NN I-NP
for IN B-PP
the DT B-NP
dogs NNS I-NP
. . O

Cupboard NN B-NP
doors NNS I-NP
were VBD B-VP
flying VBG I-VP
, , O
the DT B-NP
trash NN I-NP
can MD I-NP
in IN B-PP
the DT B-NP
kitchen NN I-NP
walked VBD B-VP
a DT B-NP
few JJ I-NP
feet NNS I-NP
, , O
the DT B-NP
dogs NNS I-NP
came VBD B-VP
running VBG I-VP
, , O
and CC O
I PRP B-NP
scooted VBD B-VP
them PRP B-NP
into IN B-PP
the DT B-NP
dog NN I-NP
run NN I-NP
and CC O
stood VBD B-VP
in IN B-PP
the DT B-NP
doorway NN I-NP
myself PRP B-NP
, , O
watching VBG B-VP
the DT B-NP
outside JJ I-NP
trash NN I-NP
cans NNS I-NP
dance VBP B-VP
across IN B-PP
the DT B-NP
concrete NN I-NP
. . O

When WRB B-ADVP
I PRP B-NP
realized VBD B-VP
it PRP B-NP
was VBD B-VP
over IN B-ADJP
, , O
I PRP B-NP
went VBD B-VP
and CC O
stood VBD B-VP
out IN B-ADVP
in IN B-PP
front NN B-NP
of IN B-PP
the DT B-NP
house NN I-NP
, , O
waiting VBG B-VP
and CC I-VP
praying VBG I-VP
for IN B-SBAR
Merrill NNP B-NP
to TO B-VP
come VB I-VP
home NN B-ADVP
, , O
shivering VBG B-VP
as IN B-SBAR
if IN I-SBAR
it PRP B-NP
were VBD B-VP
20 CD B-NP
below IN B-PP
zero CD B-NP
until IN B-SBAR
he PRP B-NP
got VBD B-VP
there RB B-ADVP
. . O

Never RB B-ADVP
in IN B-PP
my PRP$ B-NP
life NN I-NP
have VBP O
I PRP B-NP
been VBN B-VP
so RB B-ADJP
frightened VBN I-ADJP
. . O

When WRB B-ADVP
I PRP B-NP
saw VBD B-VP
the DT B-NP
pictures NNS I-NP
of IN B-PP
880 CD B-NP
and CC O
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
, , O
I PRP B-NP
began VBD B-VP
to TO I-VP
cry VB I-VP
. . O

5:09 CD B-NP
a.m RB I-NP
. . O

JROE NNP B-NP
: : O

The DT B-NP
Sunset NNP I-NP
-LCB- ( I-NP
District NNP I-NP
-RCB- ) O
was VBD B-VP
more JJR B-ADVP
or CC I-ADVP
less JJR I-ADVP
like IN B-PP
a DT B-NP
pajama NN I-NP
party NN I-NP
all DT B-NP
evening NN I-NP
, , O
lots NNS B-NP
of IN B-PP
people NNS B-NP
& CC I-NP
dogs NNS I-NP
walking VBG B-VP
around IN B-ADVP
, , O
drinking NN B-VP
beer NN B-NP
. . O

6:50 CD B-NP
a.m RB I-NP
. . O

CAROLG NNP B-NP
: : O

I PRP B-NP
was VBD B-VP
just RB I-VP
sitting VBG I-VP
down RB B-PRT
to TO B-VP
meet VB I-VP
with IN B-PP
some DT B-NP
new JJ I-NP
therapy NN I-NP
clients NNS I-NP
, , O
a DT B-NP
couple NN I-NP
, , O
and CC O
the DT B-NP
building NN I-NP
started VBD B-VP
shaking VBG I-VP
like IN B-PP
crazy JJ B-ADJP
. . O

It PRP B-NP
's VBZ B-VP
a DT B-NP
flimsy JJ I-NP
structure NN I-NP
, , O
built VBN B-VP
up IN B-PP
on IN B-PP
supports VBZ B-NP
, , O
and CC O
it PRP B-NP
was VBD B-VP
really RB I-VP
rocking VBG I-VP
around RB B-ADVP
. . O

The DT B-NP
three CD I-NP
of IN B-PP
us PRP B-NP
stopped VBD B-VP
breathing NN I-VP
for IN B-PP
a DT B-NP
moment NN I-NP
, , O
and CC O
then RB O
when WRB B-ADVP
it PRP B-NP
kept VBD B-VP
on IN B-PRT
coming VBG B-VP
we PRP B-NP
lunged VBD B-VP
for IN B-PP
the DT B-NP
doorway NN I-NP
. . O

Needless JJ B-ADJP
to TO B-VP
say VB I-VP
, , O
it PRP B-NP
was VBD B-VP
an DT B-NP
interesting JJ I-NP
first JJ I-NP
session NN I-NP
! . O

7:13 CD B-NP
a.m RB I-NP
. . O

CALLIOPE NNP B-NP
: : O

Albany NNP B-NP
escaped VBD B-VP
embarrassingly RB B-ADJP
unscathed JJ I-ADJP
. . O

Biggest JJS B-NP
trouble NN I-NP
was VBD B-VP
scared VBN B-NP
family NN I-NP
who WP B-NP
could MD B-VP
n't RB I-VP
get VB I-VP
a DT B-NP
phone NN I-NP
line NN I-NP
through IN B-ADVP
, , O
and CC O
spent VBD B-VP
a DT B-NP
really RB I-NP
horrible JJ I-NP
hour NN I-NP
not RB O
knowing VBG B-VP
. . O

8:01 CD B-NP
a.m RB I-NP
. . O

HLR NNP B-NP
: : O

Judy NNP B-NP
and CC I-NP
I PRP I-NP
were VBD B-VP
in IN B-PP
our PRP$ B-NP
back JJ I-NP
yard NN I-NP
when WRB B-ADVP
the DT B-NP
lawn NN I-NP
started VBD B-VP
rolling VBG I-VP
like IN B-PP
ocean NN B-NP
waves NNS I-NP
. . O

We PRP B-NP
ran VBD B-VP
into IN B-PP
the DT B-NP
house NN I-NP
to TO B-VP
get VB I-VP
Mame NNP B-NP
, , O
but CC O
the DT B-NP
next JJ I-NP
tremor NN I-NP
threw VBD B-VP
me PRP B-NP
in IN B-PP
the DT B-NP
air NN I-NP
and CC O
bounced VBD B-VP
me PRP B-NP
as IN B-SBAR
I PRP B-NP
tried VBD B-VP
to TO I-VP
get VB I-VP
to TO B-PP
my PRP$ B-NP
feet NNS I-NP
. . O

We PRP B-NP
are VBP B-VP
all DT O
fine JJ B-ADJP
here RB B-ADVP
, , O
although IN B-SBAR
Mame NNP B-NP
was VBD B-VP
extremely RB B-ADJP
freaked VBN I-ADJP
. . O

Kitchen NNP B-NP
full JJ B-ADJP
of IN B-PP
broken VBN B-NP
crystal NN I-NP
. . O

Books NNS B-NP
and CC I-NP
tapes NNS I-NP
all DT B-ADVP
over IN B-PP
my PRP$ B-NP
room NN I-NP
. . O

Not RB B-NP
one CD I-NP
thing NN I-NP
in IN B-PP
the DT B-NP
house NN I-NP
is VBZ B-VP
where WRB B-ADVP
it PRP B-NP
is VBZ B-VP
supposed VBN I-VP
to TO I-VP
be VB I-VP
, , O
but CC O
the DT B-NP
structure NN I-NP
is VBZ B-VP
fine JJ B-ADJP
. . O

While IN B-SBAR
I PRP B-NP
was VBD B-VP
standing VBG I-VP
on IN B-PP
the DT B-NP
lawn NN I-NP
with IN B-PP
Mame NNP B-NP
, , O
waiting VBG B-VP
for IN B-PP
another DT B-NP
tremor NN I-NP
, , O
I PRP B-NP
noticed VBD B-VP
that IN B-SBAR
all PDT B-NP
the DT I-NP
earthworms NNS I-NP
were VBD B-VP
emerging VBG I-VP
from IN B-PP
the DT B-NP
ground NN I-NP
and CC O
slithering VBG B-VP
across IN B-PP
the DT B-NP
lawn NN I-NP
! . O

9:31 CD B-NP
a.m. NN I-NP

GR8FLRED CD B-NP
: : O

It PRP B-NP
's VBZ B-VP
amazing JJ B-ADJP
how WRB B-ADVP
one CD B-NP
second JJ I-NP
can MD B-VP
so RB I-VP
completely RB I-VP
change VB I-VP
your PRP$ B-NP
life NN I-NP
. . O

9:38 CD B-NP
a.m RB I-NP
. . O

FIG NNP B-NP
: : O

I PRP B-NP
guess VBP B-VP
we PRP B-NP
're VBP B-VP
all DT O
living VBG B-VP
very RB B-ADVP
tentatively RB I-ADVP
here RB B-ADVP
, , O
waiting VBG B-VP
for IN B-PP
the DT B-NP
expected VBN I-NP
but CC I-NP
dreaded VBN I-NP
aftershock NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
hard JJ B-ADJP
to TO B-VP
accept VB I-VP
that IN B-SBAR
it PRP B-NP
's VBZ B-VP
over IN B-ADVP
and CC O
only RB B-VP
took VBD I-VP
15 CD B-NP
seconds NNS I-NP
. . O

I PRP B-NP
wonder VBP B-VP
when WRB B-ADVP
we PRP B-NP
'll MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
relax VB I-VP
. . O

9:53 CD B-NP
a.m RB I-NP
. . O

PANDA NNP B-NP
: : O

Flesh NN B-NP
goes VBZ B-VP
to TO B-PP
total VB B-NP
alert JJ I-NP
for IN B-PP
flight NN B-NP
or CC I-NP
fight NN I-NP
. . O

Nausea NN B-NP
seems VBZ B-VP
a DT B-NP
commonplace JJ I-NP
symptom NN I-NP
. . O

Berkeley NNP B-NP
very RB B-ADJP
quiet JJ I-ADJP
right RB B-ADVP
now RB I-ADVP
. . O

I PRP B-NP
walked VBD B-VP
along IN B-PP
Shattuck NNP B-NP
between IN B-PP
Delaware NNP B-NP
and CC I-NP
Cedar NNP I-NP
at IN B-PP
a DT B-NP
few JJ I-NP
minutes NNS I-NP
before IN B-PP
eight CD B-NP
this DT B-NP
morning NN I-NP
. . O

Next JJ B-ADVP
to TO B-PP
Chez NNP B-NP
Panisse NNP I-NP
a DT B-NP
homeless JJ I-NP
couple NN I-NP
, , O
bundled VBN B-VP
into IN B-PP
a DT B-NP
blue JJ I-NP
sleeping NN I-NP
bag NN I-NP
, , O
sat VBD B-VP
up IN B-PRT
, , O
said VBD B-VP
, , O
`` `` O
Good JJ B-INTJ
morning NN I-INTJ
'' '' O
and CC O
then RB O
the DT B-NP
woman NN I-NP
smiled VBD B-VP
, , O
said VBD B-VP
, , O
`` `` O
Is VBZ O
n't RB O
it PRP B-NP
great JJ B-ADJP
just RB B-ADVP
to TO B-VP
be VB I-VP
alive JJ B-ADJP
? . O
'' '' O

I PRP B-NP
agreed VBD B-VP
. . O

It PRP B-NP
is VBZ B-VP
. . O

Great NNP B-ADJP
. . O

Georgia-Pacific NNP B-NP
Corp. NNP I-NP
, , O
exceeding VBG B-VP
some DT B-NP
analysts NNS I-NP
' POS B-NP
expectations NNS I-NP
, , O
said VBD B-VP
third-quarter JJ B-NP
earnings NNS I-NP
rose VBD B-VP
56 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
178 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.03 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
114 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.19 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Sales NNS B-NP
increased VBN B-VP
10 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.65 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.41 CD I-NP
billion CD I-NP
. . O

Per-share JJ B-NP
earnings NNS I-NP
were VBD B-VP
enhanced VBN I-VP
by IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
share NN I-NP
buy-back NN I-NP
program NN I-NP
, , O
which WDT B-NP
reduced VBD B-VP
the DT B-NP
average JJ I-NP
shares NNS I-NP
outstanding JJ B-ADJP
to TO B-PP
87.5 CD B-NP
million CD I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
from IN B-PP
95.8 CD B-NP
million CD I-NP
in IN B-PP
the DT B-NP
same JJ I-NP
quarter NN I-NP
of IN B-PP
1988 CD B-NP
. . O

With IN B-PP
strong JJ B-NP
prices NNS I-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
two CD I-NP
major JJ I-NP
areas NNS I-NP
-- : O
building NN B-NP
products NNS I-NP
as RB B-NP
well RB I-NP
as IN I-NP
pulp NN B-NP
and CC I-NP
paper NN I-NP
-- : O
analysts NNS B-NP
had VBD B-VP
expected VBN I-VP
a DT B-NP
roaring VBG I-NP
quarter NN I-NP
. . O

But CC O
the DT B-NP
performance NN I-NP
exceeded VBD B-VP
some DT B-NP
estimates NNS I-NP
of IN B-PP
around IN B-NP
$ $ I-NP
1.90 CD I-NP
a DT B-NP
share NN I-NP
. . O

Fueling VBG B-VP
the DT B-NP
growth NN I-NP
, , O
among IN B-PP
other JJ B-NP
things NNS I-NP
, , O
were VBD B-VP
higher-than-expected JJ B-NP
prices NNS I-NP
for IN B-PP
certain JJ B-NP
building NN I-NP
products NNS I-NP
. . O

One CD B-NP
reason NN I-NP
: : O
efforts NNS B-NP
to TO B-VP
protect VB I-VP
the DT B-NP
spotted VBN I-NP
owl NN I-NP
led VBN B-VP
to TO B-PP
restrictions NNS B-NP
on IN B-PP
logging NN B-NP
in IN B-PP
the DT B-NP
Pacific NNP I-NP
Northwest NNP I-NP
, , O
constricting VBG B-VP
supply NN B-NP
and CC O
forcing VBG B-VP
prices NNS B-NP
up RB B-ADVP
. . O

Another DT B-NP
reason NN I-NP
: : O
strikes NNS B-NP
, , O
both DT B-PP
at IN I-PP
Georgia-Pacific NNP B-NP
and CC O
other JJ B-NP
lumber NN I-NP
companies NNS I-NP
also RB B-ADVP
cut VBP B-VP
supplies NNS B-NP
and CC O
raised VBN B-VP
prices NNS B-NP
, , O
analysts NNS B-NP
said VBD B-VP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Georgia-Pacific NNP B-NP
's POS B-NP
earnings NNS I-NP
increased VBN B-VP
49 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
504 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
5.58 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
338 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.41 CD I-NP
a DT B-NP
share NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
11 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
7.73 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
6.94 CD I-NP
billion CD I-NP
. . O

In IN B-PP
composite JJ B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
Trading NN I-NP
, , O
Georgia-Pacific NNP B-NP
stock NN I-NP
rose VBD B-VP
$ $ B-NP
1.25 CD I-NP
a DT B-NP
share NN I-NP
yesterday NN B-NP
to TO B-VP
close VB I-VP
at IN B-PP
$ $ B-NP
58 CD I-NP
. . O

The DT B-NP
House NNP I-NP
Public NNP I-NP
Works NNP I-NP
and CC I-NP
Transportation NNP I-NP
Committee NNP I-NP
approved VBD B-VP
a DT B-NP
bill NN I-NP
that WDT B-NP
would MD B-VP
give VB I-VP
the DT B-NP
Transportation NNP I-NP
Department NNP I-NP
power NN B-NP
to TO B-VP
block VB I-VP
airline NN B-NP
leveraged JJ I-NP
buy-outs NNS I-NP
, , O
despite IN B-PP
a DT B-NP
clear JJ I-NP
veto NN I-NP
threat NN I-NP
from IN B-PP
the DT B-NP
Bush NNP I-NP
administration NN I-NP
. . O

The DT B-NP
23-5 JJ I-NP
vote NN I-NP
clears VBZ B-VP
the DT B-NP
way NN I-NP
for IN B-PP
consideration NN B-NP
on IN B-PP
the DT B-NP
House NNP I-NP
floor NN I-NP
next JJ B-NP
week NN I-NP
or CC O
the DT B-NP
week NN I-NP
after RB B-ADJP
. . O

Transportation NNP B-NP
Secretary NNP I-NP
Samuel NNP I-NP
Skinner NNP I-NP
, , O
in IN B-PP
a DT B-NP
letter NN I-NP
to TO B-PP
the DT B-NP
committee NN I-NP
, , O
warned VBD B-VP
that IN B-SBAR
he PRP B-NP
would MD B-VP
urge VB I-VP
President NNP B-NP
Bush NNP I-NP
to TO B-VP
veto VB I-VP
the DT B-NP
legislation NN I-NP
if IN B-SBAR
it PRP B-NP
passed VBD B-VP
Congress NNP B-NP
. . O

The DT B-NP
Senate NNP I-NP
Commerce NNP I-NP
Committee NNP I-NP
already RB B-ADVP
has VBZ B-VP
approved VBN I-VP
similar JJ B-NP
legislation NN I-NP
. . O

On IN B-PP
Monday NNP B-NP
, , O
a DT B-NP
letter NN I-NP
from IN B-PP
Mr. NNP B-NP
Skinner NNP I-NP
's POS B-NP
deputy NN I-NP
, , O
Elaine NNP B-NP
Chao NNP I-NP
, , O
said VBD B-VP
the DT B-NP
administration NN I-NP
opposed VBD B-VP
the DT B-NP
legislation NN I-NP
`` `` O
in IN B-PP
its PRP$ B-NP
present JJ I-NP
form NN I-NP
. . O
'' '' O

Some DT B-NP
of IN B-PP
the DT B-NP
bill NN I-NP
's POS B-NP
supporters NNS I-NP
had VBD B-VP
taken VBN I-VP
heart NN B-NP
from IN B-PP
the DT B-NP
fact NN I-NP
that IN B-SBAR
the DT B-NP
letter NN I-NP
was VBD B-VP
n't RB I-VP
signed VBN I-VP
by IN B-PP
Mr. NNP B-NP
Skinner NNP I-NP
and CC O
that IN B-SBAR
it PRP B-NP
did VBD B-VP
n't RB I-VP
contain VB I-VP
a DT B-NP
veto NN I-NP
threat NN I-NP
. . O

The DT B-NP
stepped-up JJ I-NP
administration NN I-NP
warnings NNS I-NP
annoyed VBD B-VP
some DT B-NP
lawmakers NNS I-NP
, , O
especially RB B-NP
senior JJ I-NP
Republicans NNPS I-NP
who WP B-NP
supported VBD B-VP
the DT B-NP
bill NN I-NP
because IN B-SBAR
they PRP B-NP
thought VBD B-VP
the DT B-NP
Transportation NNP I-NP
Department NNP I-NP
favored VBD B-VP
it PRP B-NP
. . O

`` `` O
We PRP B-NP
backed VBD B-VP
this DT B-NP
bill NN I-NP
because IN B-SBAR
we PRP B-NP
thought VBD B-VP
it PRP B-NP
would MD B-VP
help VB I-VP
Skinner NNP B-NP
, , O
'' '' O
one CD B-NP
Republican NNP I-NP
said VBD B-VP
, , O
`` `` O
and CC O
now RB B-ADVP
we PRP B-NP
're VBP B-VP
out IN B-ADVP
there RB I-ADVP
dangling VBG B-VP
in IN B-PP
the DT B-NP
wind NN I-NP
. . O
'' '' O

A DT B-NP
few JJ I-NP
weeks NNS I-NP
ago RB B-ADVP
, , O
Mr. NNP B-NP
Skinner NNP I-NP
testified VBD B-VP
before IN B-PP
Congress NNP B-NP
that IN B-SBAR
it PRP B-NP
would MD B-VP
be VB I-VP
`` `` O
cleaner JJR B-ADJP
, , O
more RBR B-ADJP
efficient JJ I-ADJP
'' '' O
if IN B-SBAR
he PRP B-NP
had VBD B-VP
authority NN B-NP
to TO B-VP
block VB I-VP
buy-outs NNS B-NP
in IN B-PP
advance NN B-NP
. . O

But CC O
he PRP B-NP
never RB B-VP
took VBD I-VP
an DT B-NP
official JJ I-NP
position NN I-NP
on IN B-PP
the DT B-NP
bill NN I-NP
and CC O
has VBZ B-VP
steadfastly RB I-VP
maintained VBN I-VP
that IN B-SBAR
he PRP B-NP
already RB B-ADVP
has VBZ B-VP
enough JJ B-NP
authority NN I-NP
to TO B-VP
deal VB I-VP
with IN B-PP
buy-outs NNS B-NP
. . O

Under IN B-PP
the DT B-NP
committee NN I-NP
bill NN I-NP
, , O
the DT B-NP
Transportation NNP I-NP
secretary NN I-NP
would MD B-VP
have VB I-VP
30 CD B-NP
days NNS I-NP
, , O
and CC O
an DT B-NP
additional JJ I-NP
20 CD I-NP
days NNS I-NP
if IN B-SBAR
needed VBN B-VP
, , O
to TO B-VP
review VB I-VP
any DT B-NP
proposed VBN I-NP
purchase NN I-NP
of IN B-PP
15 CD B-NP
% NN I-NP
or CC I-NP
more JJR I-NP
of IN B-PP
a DT B-NP
major JJ I-NP
U.S. NNP I-NP
airline NN I-NP
's POS B-NP
voting NN I-NP
stock NN I-NP
. . O

The DT B-NP
secretary NN I-NP
would MD B-VP
be VB I-VP
required VBN I-VP
to TO I-VP
block VB I-VP
an DT B-NP
acquisition NN I-NP
if IN B-SBAR
he PRP B-NP
concluded VBD B-VP
that IN B-SBAR
it PRP B-NP
would MD B-VP
so RB I-VP
weaken VB I-VP
an DT B-NP
airline NN I-NP
financially RB B-ADVP
that IN B-SBAR
it PRP B-NP
would MD B-VP
hurt VB I-VP
safety VB B-NP
or CC O
reduce VB B-VP
the DT B-NP
carrier NN I-NP
's POS B-NP
ability NN I-NP
to TO B-VP
compete VB I-VP
, , O
or CC O
if IN B-SBAR
it PRP B-NP
gave VBD B-VP
control NN B-NP
to TO B-PP
a DT B-NP
foreign JJ I-NP
interest NN I-NP
. . O

Although IN B-SBAR
the DT B-NP
legislation NN I-NP
would MD B-VP
apply VB I-VP
to TO B-PP
any DT B-NP
acquisition NN I-NP
of IN B-PP
a DT B-NP
major JJ I-NP
airline NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
aimed VBN I-VP
at IN B-PP
transactions NNS B-NP
financed VBN B-VP
by IN B-PP
large JJ B-NP
amounts NNS I-NP
of IN B-PP
debt NN B-NP
. . O

Supporters NNS B-NP
of IN B-PP
the DT B-NP
bill NN I-NP
are VBP B-VP
concerned VBN B-ADJP
an DT B-NP
airline NN I-NP
might MD B-VP
sacrifice VB I-VP
costly JJ B-NP
safety NN I-NP
measures NNS I-NP
in IN B-SBAR
order NN O
to TO B-VP
repay VB I-VP
debt NN B-NP
. . O

The DT B-NP
panel NN I-NP
's POS B-NP
action NN I-NP
occurs VBZ B-VP
in IN B-PP
a DT B-NP
politically RB I-NP
charged VBN I-NP
atmosphere NN I-NP
surrounding VBG B-VP
recent JJ B-NP
buy-out NN I-NP
proposals NNS I-NP
, , O
their PRP$ B-NP
apparent JJ I-NP
collapse NN I-NP
and CC O
the DT B-NP
volatile JJ I-NP
conditions NNS I-NP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O

`` `` O
It PRP B-NP
became VBD B-VP
apparent JJ B-ADJP
in IN B-PP
hearings NNS B-NP
that IN B-SBAR
there EX B-NP
ought MD B-VP
to TO I-VP
be VB I-VP
regulation NN B-NP
of IN B-PP
leveraged JJ B-NP
buy-outs NNS I-NP
of IN B-PP
some DT B-NP
sort NN I-NP
, , O
'' '' O
Rep. NNP B-NP
James NNP I-NP
Oberstar NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Minn. NNP B-NP
-RRB- ) O
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
House NNP I-NP
Aviation NNP I-NP
Subcommittee NNP I-NP
, , O
said VBD B-VP
during IN B-PP
the DT B-NP
panel NN I-NP
's POS B-NP
deliberations NNS I-NP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
believe VB I-VP
in IN B-PP
the DT B-NP
airline NN I-NP
business NN I-NP
you PRP B-NP
can MD B-VP
be VB I-VP
totally RB B-ADJP
laissez-faire FW I-ADJP
because IN B-PP
of IN I-PP
the DT B-NP
high JJ I-NP
degree NN I-NP
of IN B-PP
public JJ B-NP
interest NN I-NP
'' '' O
at IN B-PP
stake NN B-NP
. . O

But CC O
Mr. NNP B-NP
Skinner NNP I-NP
disagreed VBD B-VP
, , O
calling VBG B-VP
the DT B-NP
legislation NN I-NP
`` `` O
a DT B-NP
retreat NN I-NP
from IN B-PP
the DT B-NP
policy NN I-NP
of IN B-PP
deregulaton NN B-NP
of IN B-PP
the DT B-NP
airline NN I-NP
industry NN I-NP
. . O
'' '' O

In IN B-PP
his PRP$ B-NP
letter NN I-NP
to TO B-PP
Committee NNP B-NP
Chairman NNP I-NP
Glenn NNP I-NP
Anderson NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Calif. NNP B-NP
-RRB- ) O
, , O
the DT B-NP
secretary NN I-NP
also RB B-ADVP
said VBD B-VP
the DT B-NP
bill NN I-NP
`` `` O
would MD B-VP
be VB I-VP
at IN B-PP
odds NNS B-NP
with IN B-PP
the DT B-NP
administration NN I-NP
's POS B-NP
policies NNS I-NP
welcoming VBG B-VP
open JJ B-NP
foreign JJ I-NP
investment NN I-NP
and CC O
market NN B-NP
allocation NN I-NP
of IN B-PP
resources NNS B-NP
. . O
'' '' O

Currently RB B-ADVP
, , O
the DT B-NP
Transportation NNP I-NP
Department NNP I-NP
does VBZ B-VP
n't RB I-VP
have VB I-VP
the DT B-NP
authority NN I-NP
to TO B-VP
block VB I-VP
a DT B-NP
takeover NN I-NP
in IN B-PP
advance NN B-NP
. . O

However RB B-ADVP
, , O
if IN B-SBAR
the DT B-NP
secretary NN I-NP
concludes VBZ B-VP
that IN B-SBAR
a DT B-NP
transaction NN I-NP
has VBZ B-VP
made VBN I-VP
a DT B-NP
carrier NN I-NP
unfit JJ B-ADJP
to TO B-VP
operate VB I-VP
, , O
the DT B-NP
department NN I-NP
may MD B-VP
revoke VB I-VP
its PRP$ B-NP
certificate NN I-NP
, , O
grounding VBG B-VP
the DT B-NP
airline NN I-NP
. . O

Such JJ B-NP
authority NN I-NP
is VBZ B-VP
more JJR B-ADJP
than IN B-PP
adequate JJ B-ADJP
, , O
say VBP B-VP
opponents NNS B-NP
of IN B-PP
the DT B-NP
legislation NN I-NP
. . O

But CC O
supporters NNS B-NP
argue VBP B-VP
that IN B-SBAR
grounding VBG B-VP
an DT B-NP
airline NN I-NP
is VBZ B-VP
so RB B-ADJP
drastic JJ I-ADJP
that IN B-SBAR
the DT B-NP
department NN I-NP
would MD B-VP
hesitate VB I-VP
doing VBG I-VP
it PRP B-NP
. . O

The DT B-NP
panel NN I-NP
rejected VBD B-VP
a DT B-NP
proposal NN I-NP
pushed VBN B-VP
by IN B-PP
AMR NNP B-NP
Corp. NNP I-NP
, , O
the DT B-NP
parent NN I-NP
of IN B-PP
American NNP B-NP
Airlines NNPS I-NP
, , O
to TO B-VP
allow VB I-VP
the DT B-NP
Transportation NNP I-NP
secretary NN I-NP
to TO B-VP
block VB I-VP
corporate JJ B-NP
raiders NNS I-NP
from IN B-PP
waging VBG B-VP
proxy NN B-NP
fights NNS I-NP
to TO B-VP
oust VB I-VP
boards NNS B-NP
that WDT B-NP
oppose VBP B-VP
a DT B-NP
leveraged JJ I-NP
buy-out NN I-NP
. . O

It PRP B-NP
also RB B-ADVP
voted VBD B-VP
down JJ B-PRT
proposals NNS B-NP
to TO B-VP
give VB I-VP
the DT B-NP
secretary NN I-NP
much RB B-NP
more JJR I-NP
discretion NN I-NP
on IN B-PP
whether IN B-SBAR
to TO B-VP
block VB I-VP
a DT B-NP
buy-out NN I-NP
and CC O
to TO B-VP
require VB I-VP
the DT B-NP
department NN I-NP
to TO B-VP
consider VB I-VP
the DT B-NP
impact NN I-NP
of IN B-PP
a DT B-NP
buy-out NN I-NP
on IN B-PP
workers NNS B-NP
. . O

London JJ B-NP
shares NNS I-NP
rallied VBD B-VP
to TO B-VP
post VB I-VP
strong JJ B-NP
gains NNS I-NP
after IN B-SBAR
initial JJ B-NP
fears NNS I-NP
evaporated VBD B-VP
that IN B-SBAR
the DT B-NP
California NNP I-NP
earthquake NN I-NP
would MD B-VP
depress VB I-VP
Wall NNP B-NP
Street NNP I-NP
prices NNS I-NP
. . O

Tokyo NNP B-NP
stocks NNS I-NP
, , O
which WDT B-NP
rebounded VBD B-VP
strongly RB B-ADVP
Tuesday NNP B-NP
, , O
extended VBD B-VP
their PRP$ B-NP
gains NNS I-NP
yesterday NN B-NP
, , O
but CC O
most RBS B-NP
other JJ I-NP
Asian JJ I-NP
and CC I-NP
Pacific NNP I-NP
markets NNS I-NP
closed VBD B-VP
sharply RB B-ADJP
lower JJR I-ADJP
. . O

In IN B-PP
London NNP B-NP
, , O
the DT B-NP
Financial NNP I-NP
Times-Stock NNP I-NP
Exchange NNP I-NP
100-share JJ I-NP
index NN I-NP
jumped VBD B-VP
34.6 CD B-NP
points NNS I-NP
to TO B-VP
close VB I-VP
at IN B-PP
its PRP$ B-NP
intraday JJ I-NP
high NN I-NP
of IN B-PP
2170.1 CD B-NP
. . O

The DT B-NP
index NN I-NP
was VBD B-VP
under IN B-PP
pressure NN B-NP
for IN B-PP
most RBS B-NP
of IN B-PP
the DT B-NP
morning NN I-NP
over IN B-PP
concerns NNS B-NP
that IN B-SBAR
the DT B-NP
effects NNS I-NP
of IN B-PP
Tuesday NNP B-NP
night NN I-NP
's POS B-NP
major JJ I-NP
earthquake NN I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
would MD B-VP
undermine VB I-VP
the DT B-NP
U.S. NNP I-NP
market NN I-NP
. . O

The DT B-NP
mood NN I-NP
changed VBN B-VP
after IN B-SBAR
dealers NNS B-NP
reappraised VBD B-VP
the DT B-NP
direct JJ I-NP
impact NN I-NP
of IN B-PP
the DT B-NP
disaster NN I-NP
on IN B-PP
shares NNS B-NP
and CC O
Wall NNP B-NP
Street NNP I-NP
rebounded VBD B-VP
from IN B-PP
early JJ B-NP
losses NNS I-NP
. . O

The DT B-NP
Financial NNP I-NP
Times NNP I-NP
30-share JJ I-NP
index NN I-NP
settled VBD B-VP
27.8 CD B-NP
points NNS I-NP
higher JJR B-ADJP
at IN B-PP
1758.5 CD B-NP
. . O

Volume NN B-NP
was VBD B-VP
449.3 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
the DT B-NP
slowest JJS I-NP
of IN B-PP
a DT B-NP
hectic JJ I-NP
week NN I-NP
, , O
compared VBN B-PP
with IN B-PP
643.4 CD B-NP
million CD I-NP
Tuesday NNP B-NP
. . O

U.K. NNP B-NP
composite JJ I-NP
, , I-NP
or CC I-NP
non-life JJ I-NP
, , I-NP
insurers NNS I-NP
, , O
which WDT B-NP
some DT B-NP
equity NN I-NP
analysts NNS I-NP
said VBD B-VP
might MD B-VP
be VB I-VP
heavily RB I-VP
hit VBN I-VP
by IN B-PP
the DT B-NP
earthquake NN I-NP
disaster NN I-NP
, , O
helped VBD B-VP
support NN I-VP
the DT B-NP
London NNP I-NP
market NN I-NP
by IN B-PP
showing VBG B-VP
only RB B-NP
narrow JJ I-NP
losses NNS I-NP
in IN B-PP
early JJ B-NP
trading NN I-NP
. . O

The DT B-NP
insurers NNS I-NP
' POS B-NP
relative JJ I-NP
resilience NN I-NP
gave VBD B-VP
the DT B-NP
market NN I-NP
time NN B-NP
to TO B-VP
reappraise VB I-VP
the DT B-NP
impact NN I-NP
of IN B-PP
the DT B-NP
California NNP I-NP
disaster NN I-NP
on IN B-PP
U.K. NNP B-NP
equities NNS I-NP
, , O
dealers NNS B-NP
said VBD B-VP
. . O

Dealers NNS B-NP
said VBD B-VP
the DT B-NP
market NN I-NP
still RB B-ADVP
has VBZ B-VP
n't RB I-VP
shaken VBN I-VP
off IN B-PRT
its PRP$ B-NP
nervousness NN I-NP
after IN B-PP
its PRP$ B-NP
bumpy JJ I-NP
ride NN I-NP
of IN B-PP
the DT B-NP
past JJ I-NP
several JJ I-NP
sessions NNS I-NP
, , O
caused VBN B-VP
by IN B-PP
interest-rate NN B-NP
increases NNS I-NP
last JJ B-NP
week NN I-NP
and CC O
Wall NNP B-NP
Street NNP I-NP
's POS B-NP
6.9 CD B-ADJP
% NN I-ADJP
plunge NN B-NP
Friday NNP B-NP
. . O

But CC O
technical JJ B-NP
factors NNS I-NP
, , O
including VBG B-PP
modest JJ B-NP
gains NNS I-NP
in IN B-PP
the DT B-NP
value NN I-NP
of IN B-PP
the DT B-NP
pound NN I-NP
, , O
helped VBD B-VP
draw VB I-VP
buying VBG B-NP
back RB B-ADVP
into IN B-PP
the DT B-NP
market NN I-NP
and CC O
reverse VB B-VP
losses NNS B-NP
posted VBD B-VP
a DT B-NP
day NN I-NP
earlier RBR B-ADVP
. . O

Among IN B-PP
composite JJ B-NP
insurers NNS I-NP
, , O
General NNP B-NP
Accident NNP I-NP
rose VBD B-VP
10 CD B-NP
pence NN I-NP
to TO B-PP
# # B-NP
10.03 CD I-NP
-LRB- ( O
$ $ B-NP
15.80 CD I-NP
-RRB- ) O
a DT B-NP
share NN I-NP
, , O
Guardian NNP B-NP
Royal NNP I-NP
climbed VBD B-VP
5 NN B-NP
to TO B-PP
217 CD B-NP
pence NN I-NP
, , O
Sun NNP B-NP
Alliance NNP I-NP
rose VBD B-VP
3 CD B-NP
to TO B-PP
290 CD B-NP
, , O
and CC O
Royal NNP B-NP
Insurance NNP I-NP
jumped VBD B-VP
12 CD B-NP
to TO B-PP
450 CD B-NP
. . O

Life NN B-NP
insurers NNS I-NP
fared VBD B-VP
similarly RB B-ADVP
, , O
with IN B-PP
Legal NNP B-NP
& CC I-NP
General NNP I-NP
advancing VBG B-VP
3 CD B-NP
to TO B-PP
344 CD B-NP
, , O
although IN B-SBAR
Prudential NNP B-NP
fell VBD B-VP
2 CD B-NP
to TO B-PP
184 CD B-NP
1\/2 CD I-NP
. . O

Pearl NNP B-NP
Group NNP I-NP
rose VBD B-VP
5 NN B-NP
to TO B-PP
628 CD B-NP
, , O
and CC O
Sun NNP B-NP
Life NNP I-NP
finished VBD B-VP
unchanged JJ B-ADJP
at IN B-PP
# # B-NP
10.98 CD I-NP
. . O

Most JJS B-NP
banking NN I-NP
issues NNS I-NP
retreated VBD B-VP
after IN B-PP
a DT B-NP
sector NN I-NP
downgrade NN I-NP
by IN B-PP
Warburg NNP B-NP
Securities NNP I-NP
, , O
although IN B-SBAR
National NNP B-NP
Westminister NNP I-NP
showed VBD B-VP
strength NN B-NP
on IN B-PP
positive JJ B-NP
comments NNS I-NP
from IN B-PP
brokerage NN B-NP
firms NNS I-NP
about IN B-PP
its PRP$ B-NP
long-term JJ I-NP
prospects NNS I-NP
. . O

NatWest NNP B-NP
, , O
the DT B-NP
most RBS I-NP
actively RB I-NP
traded VBN I-NP
of IN B-PP
the DT B-NP
banks NNS I-NP
, , O
finished VBD B-VP
at IN B-PP
300 CD B-NP
, , O
up IN B-ADVP
1 CD B-NP
. . O

B.A.T NNP B-NP
Industries NNPS I-NP
fell VBD B-VP
in IN B-PP
early JJ B-NP
dealings NNS I-NP
but CC O
recovered VBD B-VP
to TO B-VP
finish VB I-VP
at IN B-PP
754 CD B-NP
, , O
up IN B-ADVP
5 NN B-NP
. . O

Dealers NNS B-NP
said VBD B-VP
the DT B-NP
market NN I-NP
was VBD B-VP
nervous JJ B-ADJP
ahead RB B-ADVP
of IN B-PP
a DT B-NP
special JJ I-NP
B.A.T NNP I-NP
holders NNS I-NP
' POS B-NP
meeting NN I-NP
today NN B-NP
. . O

The DT B-NP
session NN I-NP
is VBZ B-VP
to TO B-VP
consider VB I-VP
a DT B-NP
defensive JJ I-NP
plan NN I-NP
to TO B-VP
spin VB I-VP
off IN B-PRT
assets NNS B-NP
to TO B-VP
fend VB I-VP
off IN B-PRT
Sir NNP B-NP
James NNP I-NP
Goldsmith NNP I-NP
's POS B-NP
# # B-ADJP
13.4 CD O
billion CD O
bid NN B-NP
for IN B-PP
B.A.T NNP B-NP
. . O

The DT B-NP
recent JJ I-NP
stock NN I-NP
market NN I-NP
drop NN I-NP
has VBZ B-VP
shaken VBN I-VP
confidence NN B-NP
in IN B-PP
the DT B-NP
plan NN I-NP
, , O
but CC O
dealers NNS B-NP
said VBD B-VP
the DT B-NP
shares NNS I-NP
fell VBD B-VP
initially RB B-ADVP
on IN B-PP
questions NNS B-NP
about IN B-PP
whether IN B-SBAR
Mr. NNP B-NP
Goldsmith NNP I-NP
's POS B-NP
highly RB B-ADJP
leveraged JJ I-ADJP
bid NN B-NP
will MD B-VP
come VB I-VP
to TO B-PP
fruition NN B-NP
. . O

Trading NN B-NP
was VBD B-VP
suspended VBN I-VP
in IN B-PP
WCRS NNP B-NP
Group NNP I-NP
, , O
a DT B-NP
U.K. NNP I-NP
advertising NN I-NP
concern NN I-NP
, , O
pending VBG B-PP
an DT B-NP
announcement NN I-NP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
buying VBG I-VP
the DT B-NP
remaining VBG I-NP
50 CD I-NP
% NN I-NP
of IN B-PP
France NNP B-NP
's POS B-NP
Carat NNP I-NP
Holding NNP I-NP
for IN B-PP
2.02 CD B-NP
billion CD I-NP
French JJ I-NP
francs NNS I-NP
-LRB- ( O
$ $ B-NP
318.7 CD I-NP
million CD I-NP
-RRB- ) O
and CC O
expanding VBG B-VP
commercial NN B-NP
and CC I-NP
equity NN I-NP
ties NNS I-NP
with IN B-PP
advertising NN B-NP
group NN I-NP
Eurocom NNP I-NP
. . O

Merchant NN B-NP
banker NN I-NP
Morgan NNP I-NP
Grenfell NNP I-NP
climbed VBD B-VP
14 CD B-NP
to TO B-PP
406 CD B-NP
on IN B-PP
renewed VBN B-NP
takeover NN I-NP
speculation NN I-NP
. . O

S.G. NNP B-NP
Warburg NNP I-NP
, , O
also RB B-VP
mentioned VBN I-VP
in IN B-PP
the DT B-NP
rumor NN I-NP
mill NN I-NP
, , O
jumped VBD B-VP
14 CD B-NP
at IN B-PP
to TO B-PP
414 CD B-NP
. . O

Jaguar NNP B-NP
advanced VBD B-VP
19 CD B-NP
to TO B-PP
673 CD B-NP
as IN B-SBAR
traders NNS B-NP
contemplated VBD B-VP
a DT B-NP
potential JJ I-NP
battle NN I-NP
between IN B-PP
General NNP B-NP
Motors NNPS I-NP
and CC O
Ford NNP B-NP
Motor NNP I-NP
for IN B-PP
control NN B-NP
of IN B-PP
the DT B-NP
U.K. NNP I-NP
luxury NN I-NP
auto NN I-NP
maker NN I-NP
. . O

Tokyo NNP B-NP
's POS B-NP
Nikkei NNP I-NP
index NN I-NP
of IN B-PP
225 CD B-NP
issues NNS I-NP
rose VBD B-VP
111.48 CD B-NP
points NNS I-NP
, , O
or CC O
0.32 CD B-NP
% NN I-NP
, , O
to TO B-PP
35107.56 CD B-NP
. . O

The DT B-NP
index NN I-NP
gained VBD B-VP
527.39 CD B-NP
Tuesday NNP B-NP
. . O

Volume NN B-NP
was VBD B-VP
estimated VBN I-VP
at IN B-PP
800 CD B-NP
million CD I-NP
shares NNS I-NP
, , O
compared VBN B-PP
with IN B-PP
678 CD B-NP
million CD I-NP
Tuesday NNP B-NP
. . O

Declining VBG B-NP
issues NNS I-NP
outnumbered VBD B-VP
advancers NNS B-NP
505-455 JJ B-ADVP
, , O
with IN B-SBAR
172 CD B-NP
unchanged JJ B-ADJP
. . O

The DT B-NP
Tokyo NNP I-NP
Stock NNP I-NP
Price NNP I-NP
Index NNP I-NP
of IN B-PP
all DT B-NP
issues NNS I-NP
listed VBN B-VP
in IN B-PP
the DT B-NP
first JJ I-NP
section NN I-NP
, , O
which WDT B-NP
gained VBD B-VP
41.76 CD B-NP
Tuesday NNP B-NP
, , O
was VBD B-VP
up IN B-ADVP
0.24 CD B-NP
points NNS I-NP
, , O
or CC O
0.01 CD B-NP
% NN I-NP
, , O
at IN B-PP
2642.88 CD B-NP
. . O

In IN B-PP
early JJ B-NP
trading NN I-NP
in IN B-PP
Tokyo NNP B-NP
Thursday NNP B-NP
, , O
the DT B-NP
Nikkei NNP I-NP
index NN I-NP
rose VBD B-VP
135.09 CD B-NP
points NNS I-NP
to TO B-PP
35242.65 CD B-NP
. . O

On IN B-PP
Wednesday NNP B-NP
, , O
shares NNS B-NP
were VBD B-VP
pushed VBN I-VP
up IN B-ADVP
by IN B-PP
index-related JJ B-NP
buying NN I-NP
on IN B-PP
the DT B-NP
part NN I-NP
of IN B-PP
investment NN B-NP
trusts NNS I-NP
as RB B-NP
well RB I-NP
as IN I-NP
small JJ B-NP
orders NNS I-NP
from IN B-PP
individuals NNS B-NP
and CC I-NP
corporations NNS I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

Institutions NNS B-NP
, , O
meanwhile RB B-ADVP
, , O
stepped VBD B-VP
back RB B-ADVP
to TO B-PP
the DT B-NP
sidelines NNS I-NP
as IN B-SBAR
the DT B-NP
direction NN I-NP
of IN B-PP
U.S. NNP B-NP
interest NN I-NP
rates NNS I-NP
remained VBD B-VP
unclear JJ B-ADJP
. . O

The DT B-NP
uncertainty NN I-NP
was VBD B-VP
multiplied VBN I-VP
by IN B-PP
the DT B-NP
persistent JJ I-NP
strength NN I-NP
of IN B-PP
the DT B-NP
dollar NN I-NP
, , O
traders NNS B-NP
said VBD B-VP
, , O
and CC B-PP
by IN B-PP
the DT B-NP
U.S. NNP I-NP
trade NN I-NP
deficit NN I-NP
, , O
which WDT B-NP
widened VBD B-VP
by IN B-PP
31 CD B-NP
% NN I-NP
in IN B-PP
August NNP B-NP
from IN B-PP
the DT B-NP
previous JJ I-NP
month NN I-NP
. . O

Traders NNS B-NP
and CC I-NP
analysts NNS I-NP
said VBD B-VP
they PRP B-NP
did VBD B-VP
n't RB I-VP
see VB I-VP
any DT B-NP
effect NN I-NP
on IN B-PP
Tokyo NNP B-NP
stocks NNS I-NP
from IN B-PP
the DT B-NP
California NNP I-NP
earthquake NN I-NP
. . O

The DT B-NP
impact NN I-NP
on IN B-PP
Japanese JJ B-NP
insurers NNS I-NP
and CC I-NP
property NN I-NP
owners NNS I-NP
with IN B-PP
interests NNS B-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
is VBZ B-VP
still RB I-VP
being VBG I-VP
assessed VBN I-VP
, , O
they PRP B-NP
said VBD B-VP
. . O

Buying VBG B-NP
was VBD B-VP
scattered VBN I-VP
across IN B-PP
a DT B-NP
wide JJ I-NP
range NN I-NP
of IN B-PP
issues NNS B-NP
, , O
making VBG B-VP
the DT B-NP
session NN I-NP
fairly RB B-ADJP
characterless JJ I-ADJP
, , O
traders NNS B-NP
said VBD B-VP
. . O

With IN B-PP
uncertainty NN B-NP
still RB B-ADVP
hanging VBG B-VP
over IN B-PP
interest NN B-NP
rates NNS I-NP
and CC O
the DT B-NP
dollar NN I-NP
, , O
the DT B-NP
market NN I-NP
failed VBD B-VP
to TO I-VP
find VB I-VP
a DT B-NP
focus NN I-NP
that WDT B-NP
might MD B-VP
lead VB I-VP
to TO B-PP
further VB B-NP
investor NN I-NP
commitments NNS I-NP
, , O
they PRP B-NP
said VBD B-VP
. . O

Some DT B-NP
traders NNS I-NP
said VBD B-VP
the DT B-NP
popularity NN I-NP
of IN B-PP
issues NNS B-NP
that WDT B-NP
gained VBD B-VP
yesterday NN B-NP
wo MD B-VP
n't RB I-VP
last JJ I-VP
long JJ B-ADVP
, , O
as IN B-SBAR
investors NNS B-NP
will MD B-VP
rotate VB I-VP
their PRP$ B-NP
buying NN I-NP
choices NNS I-NP
over IN B-PP
the DT B-NP
short JJ I-NP
term NN I-NP
. . O

Interest NN B-NP
rate-sensitive JJ I-NP
shares NNS I-NP
such JJ B-PP
as IN I-PP
steel NN B-NP
, , I-NP
construction NN I-NP
and CC I-NP
electric JJ I-NP
utility NN I-NP
companies NNS I-NP
, , O
which WDT B-NP
rose VBD B-VP
early RB B-ADVP
in IN B-PP
the DT B-NP
week NN I-NP
, , O
saw VBD B-VP
their PRP$ B-NP
advance NN I-NP
weaken VB B-VP
yesterday NN B-NP
. . O

Traders NNS B-NP
said VBD B-VP
these DT B-NP
issues NNS I-NP
need VBP B-VP
large-volume JJ B-NP
buying NN I-NP
to TO B-VP
push VB I-VP
up IN B-PRT
their PRP$ B-NP
prices NNS I-NP
, , O
so RB O
substantial JJ B-NP
gains NNS I-NP
are VBP B-VP
n't RB O
likely JJ B-ADJP
unless IN B-SBAR
institutional JJ B-NP
investors NNS I-NP
participate VBP B-VP
. . O

An DT B-NP
outstanding JJ I-NP
issue NN I-NP
in IN B-PP
yesterday NN B-NP
's POS B-NP
session NN I-NP
was VBD B-VP
Mitsubishi NNP B-NP
Rayon NNP I-NP
, , O
which WDT B-NP
surged VBD B-VP
95 CD B-NP
to TO B-PP
905 CD B-NP
yen NN I-NP
-LRB- ( O
$ $ B-NP
6.34 CD I-NP
-RRB- ) O
a DT B-NP
share NN I-NP
. . O

Its PRP$ B-NP
popularity NN I-NP
was VBD B-VP
due JJ B-ADJP
to TO B-PP
speculation NN B-NP
about IN B-PP
the DT B-NP
strong JJ I-NP
earnings NNS I-NP
potential NN I-NP
of IN B-PP
a DT B-NP
new JJ I-NP
type NN I-NP
of IN B-PP
plastic NN B-NP
wrap NN I-NP
for IN B-PP
household NN B-NP
use NN I-NP
, , O
a DT B-NP
trader NN I-NP
at IN B-PP
County NNP B-NP
Natwest NNP I-NP
Securities NNP I-NP
Japan NNP I-NP
said VBD B-VP
. . O

Some DT B-NP
laggard JJ I-NP
food NN I-NP
issues NNS I-NP
attracted VBD B-VP
bargain-hunters NNS B-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

Kirin NNP B-NP
Brewery NNP I-NP
was VBD B-VP
up IN B-ADVP
100 CD B-NP
at IN B-PP
2,000 CD B-NP
, , O
and CC O
Ajinomoto NNP B-NP
gained VBD B-VP
70 CD B-NP
to TO B-PP
2,840 CD B-NP
. . O

Pharmaceuticals NNP B-NP
were VBD B-VP
mostly RB B-ADJP
higher JJR I-ADJP
, , O
with IN B-PP
SS NNP B-NP
Pharmaceutical NNP I-NP
gaining VBG B-VP
140 CD B-NP
to TO B-PP
1,980 CD B-NP
. . O

Shares NNS B-NP
closed VBD B-VP
lower JJR B-ADJP
in IN B-PP
other JJ B-NP
major JJ I-NP
Asian JJ I-NP
and CC I-NP
Pacific NNP I-NP
markets NNS I-NP
, , O
including VBG B-PP
Sydney NNP B-NP
, , O
Hong NNP B-NP
Kong NNP I-NP
, , O
Singapore NNP B-NP
, , O
Taipei NNP B-NP
, , O
Wellington NNP B-NP
, , O
Seoul NNP B-NP
and CC O
Manila NNP B-NP
. . O

Most JJS B-NP
of IN B-PP
those DT B-NP
markets NNS I-NP
had VBD B-VP
rebounded VBN I-VP
the DT B-NP
day NN I-NP
before IN B-ADVP
from IN B-PP
Monday NNP B-NP
's POS B-NP
slide NN I-NP
. . O

But CC O
unlike IN B-PP
the DT B-NP
Tokyo NNP I-NP
exchange NN I-NP
, , O
they PRP B-NP
failed VBD B-VP
to TO I-VP
extend VB I-VP
the DT B-NP
rise NN I-NP
to TO B-PP
a DT B-NP
second JJ I-NP
session NN I-NP
. . O

Elsewhere RB B-ADVP
, , O
prices NNS B-NP
surged VBD B-VP
for IN B-PP
a DT B-NP
second JJ I-NP
day NN I-NP
in IN B-PP
Frankfurt NNP B-NP
, , O
closed VBD B-VP
higher JJR B-ADJP
in IN B-PP
Zurich NNP B-NP
, , I-NP
Stockholm NNP I-NP
and CC I-NP
Amsterdam NNP I-NP
and CC O
were VBD B-VP
broadly RB B-ADJP
lower JJR I-ADJP
in IN B-PP
Milan NNP B-NP
, , I-NP
Paris NNP I-NP
and CC I-NP
Brussels NNP I-NP
. . O

South JJ B-NP
African JJ I-NP
gold NN I-NP
stocks NNS I-NP
ended VBD B-VP
marginally RB B-ADJP
firmer JJR I-ADJP
. . O

In IN B-PP
Brussels NNP B-NP
, , O
it PRP B-NP
was VBD B-VP
the DT B-NP
first JJ I-NP
trading NN I-NP
day NN I-NP
for IN B-PP
most RBS B-NP
major JJ I-NP
shares NNS I-NP
since IN B-SBAR
stocks NNS B-NP
tumbled VBD B-VP
on IN B-PP
Wall NNP B-NP
Street NNP I-NP
Friday NNP B-NP
. . O

Trading NN B-NP
had VBD B-VP
been VBN I-VP
impeded VBN I-VP
by IN B-PP
a DT B-NP
major JJ I-NP
computer NN I-NP
failure NN I-NP
that WDT B-NP
took VBD B-VP
place NN B-NP
before IN B-PP
the DT B-NP
start NN I-NP
of IN B-PP
Monday NNP B-NP
's POS B-NP
session NN I-NP
. . O

Here RB B-ADVP
are VBP B-VP
price NN B-NP
trends NNS I-NP
on IN B-PP
the DT B-NP
world NN I-NP
's POS B-NP
major JJ I-NP
stock NN I-NP
markets NNS I-NP
, , O
as IN B-SBAR
calculated VBN B-VP
by IN B-PP
Morgan NNP B-NP
Stanley NNP I-NP
Capital NNP I-NP
International NNP I-NP
Perspective NNP I-NP
, , O
Geneva NNP B-NP
. . O

To TO B-VP
make VB I-VP
them PRP B-NP
directly RB B-ADJP
comparable JJ I-ADJP
, , O
each DT B-NP
index NN I-NP
is VBZ B-VP
based VBN I-VP
on IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
1969 CD B-NP
equaling VBG B-VP
100 CD B-NP
. . O

The DT B-NP
percentage NN I-NP
change NN I-NP
is VBZ B-VP
since IN B-PP
year-end NN B-NP
. . O

Housing NN B-NP
construction NN I-NP
sank VBD B-VP
in IN B-PP
September NNP B-NP
to TO B-PP
its PRP$ B-NP
lowest JJS I-NP
level NN I-NP
since IN B-PP
the DT B-NP
last JJ I-NP
recession NN I-NP
, , O
the DT B-NP
Commerce NNP I-NP
Department NNP I-NP
reported VBD B-VP
. . O

Work NN B-NP
began VBD B-VP
on IN B-PP
homes NNS B-NP
and CC I-NP
apartments NNS I-NP
at IN B-PP
an DT B-NP
annual JJ I-NP
rate NN I-NP
of IN B-PP
1,263,000 CD B-NP
units NNS I-NP
last JJ B-NP
month NN I-NP
, , O
down RB B-ADVP
5.2 CD B-NP
% NN I-NP
from IN B-PP
August NNP B-NP
, , O
the DT B-NP
department NN I-NP
said VBD B-VP
. . O

The DT B-NP
September NNP I-NP
decline NN I-NP
followed VBD B-VP
an DT B-NP
even RB I-NP
steeper JJR I-NP
drop NN I-NP
of IN B-PP
6.2 CD B-NP
% NN I-NP
in IN B-PP
August NNP B-NP
and CC O
left VBN B-VP
housing NN B-NP
starts VBZ I-NP
at IN B-PP
their PRP$ B-NP
weakest JJS I-NP
since IN B-PP
October NNP B-NP
1982 CD I-NP
, , O
when WRB B-ADVP
the DT B-NP
country NN I-NP
was VBD B-VP
nearing VBG I-VP
the DT B-NP
end NN I-NP
of IN B-PP
a DT B-NP
recession NN I-NP
. . O

Originally RB B-ADVP
the DT B-NP
department NN I-NP
had VBD B-VP
reported VBN I-VP
the DT B-NP
August NNP I-NP
decline NN I-NP
as IN B-PP
5 NN B-NP
% NN I-NP
. . O

The DT B-NP
numbers NNS I-NP
suggest VBP B-VP
that IN B-SBAR
the DT B-NP
housing NN I-NP
industry NN I-NP
is VBZ B-VP
still RB I-VP
suffering VBG I-VP
the DT B-NP
effects NNS I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
's POS B-NP
battle NN I-NP
against IN B-PP
inflation NN B-NP
. . O

The DT B-NP
industry NN I-NP
had VBD B-VP
shown VBN I-VP
signs NNS B-NP
of IN B-PP
recovery NN B-NP
this DT B-NP
summer NN I-NP
, , O
after IN B-SBAR
the DT B-NP
central JJ I-NP
bank NN I-NP
began VBD B-VP
to TO I-VP
relax VB I-VP
its PRP$ B-NP
clamp NN I-NP
on IN B-PP
credit NN B-NP
, , O
allowing VBG B-VP
interest NN B-NP
rates NNS I-NP
to TO B-VP
drop VB I-VP
a DT B-NP
bit NN I-NP
after IN B-PP
pushing VBG B-VP
them PRP B-NP
up IN B-PRT
for IN B-PP
a DT B-NP
year NN I-NP
. . O

Sales NNS B-NP
of IN B-PP
new JJ B-NP
homes NNS I-NP
rose VBD B-VP
and CC O
inventories NNS B-NP
of IN B-PP
houses NNS B-NP
, , O
which WDT B-NP
had VBD B-VP
been VBN I-VP
climbing VBG I-VP
, , O
dropped VBD B-VP
. . O

But CC O
last JJ B-NP
month NN I-NP
new JJ B-NP
construction NN I-NP
in IN B-PP
all DT B-NP
types NNS I-NP
of IN B-PP
homes NNS B-NP
waned VBD B-VP
, , O
from IN B-PP
single-family JJ B-NP
houses NNS I-NP
to TO B-PP
large JJ B-NP
apartment NN I-NP
complexes NNS I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
pretty RB B-ADJP
much JJ I-ADJP
weak JJ I-ADJP
across IN B-PP
the DT B-NP
board NN I-NP
, , O
'' '' O
said VBD B-VP
Martin NNP B-NP
Regalia NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
of IN B-PP
the DT B-NP
National NNP I-NP
Council NNP I-NP
of IN B-PP
Savings NNP B-NP
Institutions NNS I-NP
. . O

Mr. NNP B-NP
Regalia NNP I-NP
said VBD B-VP
the DT B-NP
industry NN I-NP
may MD B-VP
be VB I-VP
reluctant JJ B-ADJP
to TO B-VP
step VB I-VP
up IN B-PRT
building NN B-NP
at IN B-PP
the DT B-NP
moment NN I-NP
for IN B-PP
fear NN B-NP
the DT B-NP
inventories NNS I-NP
of IN B-PP
unsold JJ B-NP
homes NNS I-NP
will MD B-VP
increase VB I-VP
again RB B-ADVP
. . O

Another DT B-NP
reason NN I-NP
for IN B-PP
the DT B-NP
weakness NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
may MD B-VP
be VB I-VP
that IN B-SBAR
mortgage NN B-NP
rates NNS I-NP
have VBP B-VP
hit VBN I-VP
a DT B-NP
plateau NN I-NP
since IN B-SBAR
they PRP B-NP
began VBD B-VP
edging VBG I-VP
down RB B-ADVP
after IN B-PP
a DT B-NP
peak NN I-NP
in IN B-PP
March NNP B-NP
. . O

In IN B-PP
August NNP B-NP
, , O
rates VBZ B-NP
on IN B-PP
30-year JJ B-NP
fixed-rate JJ I-NP
mortgages NNS I-NP
started VBD B-VP
creeping VBG I-VP
up IN B-ADVP
a DT B-NP
bit NN I-NP
, , O
but CC O
they PRP B-NP
inched VBD B-VP
down RB B-ADVP
again RB B-ADVP
through IN B-PP
September NNP B-NP
. . O

`` `` O
Rates NNS B-NP
have VBP B-VP
n't RB I-VP
really RB I-VP
peeled VBN I-VP
off IN B-PRT
that DT B-NP
much NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Regalia NNP I-NP
said VBD B-VP
. . O

`` `` O
We PRP B-NP
've VBP B-VP
kind NN I-VP
of IN I-VP
settled VBN I-VP
now RB B-ADVP
into IN B-PP
an DT B-NP
interest-rate NN I-NP
environment NN I-NP
that WDT B-NP
's VBZ B-VP
fairly RB B-ADJP
high JJ I-ADJP
. . O
'' '' O

Work NN B-NP
was VBD B-VP
begun VBN I-VP
on IN B-PP
single JJ B-NP
family NN I-NP
homes NNS I-NP
-- : O
the DT B-NP
core NN I-NP
of IN B-PP
the DT B-NP
housing NN I-NP
market NN I-NP
-- : O
at IN B-PP
an DT B-NP
annual JJ I-NP
rate NN I-NP
of IN B-PP
971,000 CD B-NP
in IN B-PP
September NNP B-NP
, , O
a DT B-NP
drop NN I-NP
of IN B-PP
2.1 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
previous JJ I-NP
month NN I-NP
. . O

That DT B-NP
followed VBD B-VP
a DT B-NP
3.3 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
August NNP B-NP
. . O

Construction NN B-NP
of IN B-PP
apartments NNS B-NP
and CC O
other JJ B-NP
multi-family JJ I-NP
dwellings NNS I-NP
slipped VBD B-VP
2.2 CD B-NP
% NN I-NP
to TO B-PP
an DT B-NP
annual JJ I-NP
rate NN I-NP
of IN B-PP
1,022,000 CD B-NP
following VBG B-PP
a DT B-NP
3.5 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
August NNP B-NP
. . O

The DT B-NP
number NN I-NP
of IN B-PP
building NN B-NP
permits VBZ I-NP
issued VBN B-VP
for IN B-PP
future NN B-NP
construction NN I-NP
dropped VBD B-VP
2.4 CD B-NP
% NN I-NP
to TO B-PP
a DT B-NP
1,296,000 CD I-NP
annual JJ I-NP
rate NN I-NP
after IN B-PP
rising VBG B-VP
3.7 CD B-NP
% NN I-NP
in IN B-PP
August NNP B-NP
. . O

All DT B-NP
the DT I-NP
numbers NNS I-NP
were VBD B-VP
adjusted VBN I-VP
for IN B-PP
normal JJ B-NP
seasonal JJ I-NP
variations NNS I-NP
in IN B-PP
building NN B-NP
activity NN I-NP
. . O

The DT B-NP
housing NN I-NP
starts VBZ I-NP
numbers NNS I-NP
, , O
however RB B-ADVP
, , O
are VBP B-VP
one CD B-NP
of IN B-PP
the DT B-NP
least JJS I-NP
precise JJ I-NP
of IN B-PP
the DT B-NP
government NN I-NP
's POS B-NP
economic JJ I-NP
indicators NNS I-NP
and CC O
are VBP B-VP
often RB I-VP
revised VBN I-VP
significantly RB B-ADVP
as IN B-SBAR
more JJR B-NP
information NN I-NP
is VBZ B-VP
collected VBN I-VP
. . O

Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Holdings NNP I-NP
Inc. NNP I-NP
posted VBD B-VP
a DT B-NP
sharp JJ I-NP
third-quarter JJ I-NP
turnaround NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
, , O
but CC O
net JJ B-NP
income NN I-NP
would MD B-VP
have VB I-VP
dropped VBN I-VP
from IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
without IN B-PP
a DT B-NP
$ $ I-NP
37 CD I-NP
million CD I-NP
after-tax JJ I-NP
gain NN I-NP
. . O

The DT B-NP
securities NNS I-NP
firm NN I-NP
posted VBD B-VP
third-quarter JJ B-NP
net NN I-NP
of IN B-PP
$ $ B-NP
66 CD I-NP
million CD I-NP
, , O
or CC O
64 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
a DT B-NP
restated VBN I-NP
year-earlier JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
3 CD I-NP
million CD I-NP
, , O
or CC O
11 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
climbed VBD B-VP
25 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
3.3 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.6 CD I-NP
billion CD I-NP
. . O

The DT B-NP
latest JJS I-NP
period NN I-NP
included VBD B-VP
the DT B-NP
gain NN I-NP
, , O
which WDT B-NP
was VBD B-VP
$ $ B-NP
77 CD I-NP
million CD I-NP
before IN B-PP
tax NN B-NP
, , O
from IN B-PP
the DT B-NP
previously RB I-NP
announced VBN I-NP
sale NN I-NP
of IN B-PP
the DT B-NP
institutional JJ I-NP
money NN I-NP
management NN I-NP
business NN I-NP
of IN B-PP
Lehman NNP B-NP
Management NNP I-NP
Co NNP I-NP
. . O

The DT B-NP
1988 CD I-NP
period NN I-NP
was VBD B-VP
restated VBN I-VP
from IN B-PP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
8 CD I-NP
million CD I-NP
to TO B-VP
correct VB I-VP
an DT B-NP
overstatement NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
Boston NNP I-NP
Co. NNP I-NP
subsidiary NN I-NP
. . O

In IN B-PP
the DT B-NP
1989 CD I-NP
second JJ I-NP
quarter NN I-NP
, , O
Shearson NNP B-NP
had VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
55 NN I-NP
million CD I-NP
, , O
or CC O
54 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

An DT B-NP
average JJ I-NP
102.5 CD I-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
were VBD B-VP
outstanding JJ B-ADJP
in IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
, , O
up IN B-ADVP
from IN B-PP
87.1 CD B-NP
million CD I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
Shearson NNP B-NP
shares NNS I-NP
lost VBD B-VP
37.5 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
18.125 CD I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
improved VBN I-NP
performance NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
reflects VBZ B-VP
higher JJR B-NP
commissions NNS I-NP
and CC I-NP
revenue NN I-NP
from IN B-PP
marketmaking NN B-NP
and CC I-NP
trading NN I-NP
for IN B-PP
its PRP$ B-NP
own JJ I-NP
account NN I-NP
. . O

Commission NN B-NP
revenue NN I-NP
was VBD B-VP
$ $ B-NP
522 CD I-NP
million CD I-NP
, , O
up IN B-ADVP
49 CD B-NP
% NN I-NP
. . O

But CC O
industrywide JJ B-NP
trading NN I-NP
activity NN I-NP
slowed VBD B-VP
in IN B-PP
September NNP B-NP
as IN B-SBAR
institutional JJ B-NP
investors NNS I-NP
turned VBD B-VP
cautious JJ B-ADJP
and CC O
individuals NNS B-NP
continued VBD B-VP
to TO I-VP
shy VB I-VP
away RB B-ADVP
from IN B-PP
the DT B-NP
market NN I-NP
. . O

Investment NN B-NP
banking NN I-NP
revenue NN I-NP
fell VBD B-VP
32 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
205 CD I-NP
million CD I-NP
, , O
in IN B-PP
part NN B-NP
reflecting VBG B-VP
the DT B-NP
continued VBN I-NP
slowdown NN I-NP
of IN B-PP
the DT B-NP
underwriting NN I-NP
business NN I-NP
. . O

In IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
net NN B-NP
fell VBD B-VP
3 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
106 CD I-NP
million CD I-NP
, , O
or CC O
98 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
110 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.05 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
advanced VBD B-VP
26 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
9.6 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
7.6 CD I-NP
billion CD I-NP
. . O

Two CD B-NP
major JJ I-NP
drug NN I-NP
companies NNS I-NP
posted VBD B-VP
strong JJ B-NP
third-quarter JJ I-NP
earnings NNS I-NP
, , O
in IN B-PP
line NN B-NP
with IN B-PP
profits NNS B-NP
already RB B-VP
reported VBN I-VP
by IN B-PP
industry NN B-NP
leaders NNS I-NP
and CC O
analysts NNS B-NP
' POS B-NP
expectations NNS I-NP
. . O

But CC O
Pfizer NNP B-NP
Inc. NNP I-NP
, , O
based VBN B-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
reported VBD B-VP
flat JJ B-NP
earnings NNS I-NP
. . O

Schering-Plough NNP B-NP
Corp. NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Madison NNP B-NP
, , O
N.J. NNP B-NP
, , O
reported VBD B-VP
a DT B-NP
21 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
earnings NNS B-NP
as IN B-SBAR
American NNP B-NP
Home NNP I-NP
Products NNP I-NP
Corp. NNP I-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
posted VBD B-VP
an DT B-NP
11 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
net NN B-NP
. . O

American NNP B-NP
Home NNP I-NP
Products NNPS I-NP

American NNP B-NP
Home NNP I-NP
Products NNPS I-NP
said VBD B-VP
sales NNS B-NP
and CC I-NP
earnings NNS I-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
and CC O
nine CD B-NP
months NNS I-NP
were VBD B-VP
at IN B-PP
record NN B-NP
levels NNS I-NP
. . O

Sales NNS B-NP
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
increased VBN B-VP
6.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.51 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.42 CD I-NP
billion CD I-NP
. . O

Sales NNS B-NP
of IN B-PP
health-care NN B-NP
products NNS I-NP
increased VBN B-VP
6 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
based VBN B-PP
in IN B-PP
part NN B-NP
on IN B-PP
strong JJ B-NP
sales NNS I-NP
of IN B-PP
prescription NN B-NP
drugs NNS I-NP
such JJ B-PP
as IN I-PP
Premarin NNP B-NP
, , O
an DT B-NP
estrogen-replacement NN I-NP
drug NN I-NP
, , O
and CC O
sales NNS B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
infant NN I-NP
formula NN I-NP
. . O

American NNP B-NP
Home NNP I-NP
Products NNPS I-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
benefited VBD B-VP
from IN B-PP
a DT B-NP
`` `` I-NP
lower JJR I-NP
effective JJ I-NP
tax NN I-NP
rate NN I-NP
, , O
'' '' O
reflecting VBG B-VP
a DT B-NP
reduction NN I-NP
of IN B-PP
foreign JJ B-NP
tax NN I-NP
rates NNS I-NP
, , O
and CC O
additional JJ B-NP
operations NNS I-NP
in IN B-PP
Puerto NNP B-NP
Rico NNP I-NP
. . O

Net JJ B-NP
also RB B-ADVP
was VBD B-VP
aided VBN I-VP
by IN B-PP
a DT B-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
equity NN I-NP
interests NNS I-NP
in IN B-PP
South NNP B-NP
Africa NNP I-NP
effective JJ B-ADJP
Sept. NNP B-NP
1 CD I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
American NNP B-NP
Home NNP I-NP
Products NNPS I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
102.25 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
75 CD B-NP
cents NNS I-NP
. . O

Pfizer NNP B-NP

Pfizer NNP B-NP
said VBD B-VP
third-quarter JJ B-NP
sales NNS I-NP
increased VBN B-VP
4 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.44 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.38 CD I-NP
billion CD I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
net JJ B-NP
income NN I-NP
was VBD B-VP
flat JJ B-ADJP
because IN B-PP
of IN I-PP
investment NN B-NP
in IN B-PP
research NN B-NP
and CC I-NP
development NN I-NP
and CC O
costs NNS B-NP
related VBN B-ADJP
to TO B-PP
launches NNS B-NP
of IN B-PP
several JJ B-NP
products NNS I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
dollar NN I-NP
's POS B-NP
continued VBD I-NP
strengthening VBG I-NP
reduced VBN B-VP
world-wide JJ B-NP
sales NNS I-NP
growth NN I-NP
by IN B-PP
three CD B-NP
percentage NN I-NP
points NNS I-NP
. . O

Pfizer NNP B-NP
posted VBD B-VP
its PRP$ B-NP
largest JJS I-NP
gains NNS I-NP
in IN B-PP
healthcare NN B-NP
sales NNS I-NP
, , O
up IN B-ADVP
3 CD B-NP
% NN I-NP
, , O
and CC O
consumer NN B-NP
products NNS I-NP
, , O
up IN B-ADVP
23 CD B-NP
% NN I-NP
. . O

Sales NNS B-NP
by IN B-PP
the DT B-NP
specialty NN I-NP
chemicals NNS I-NP
and CC I-NP
materials NNS I-NP
science NN I-NP
segments NNS I-NP
were VBD B-VP
flat JJ B-ADJP
, , O
and CC O
sales NNS B-NP
by IN B-PP
the DT B-NP
agriculture NN I-NP
segment NN I-NP
declined VBD B-VP
5 NN B-NP
% NN I-NP
. . O

In IN B-PP
the DT B-NP
health-care NN I-NP
segment NN I-NP
, , O
pharmaceutical JJ B-NP
sales NNS I-NP
increased VBN B-VP
4 CD B-NP
% NN I-NP
and CC O
sales NNS B-NP
of IN B-PP
hospital NN B-NP
products NNS I-NP
increased VBN B-VP
1 CD B-NP
% NN I-NP
. . O

During IN B-PP
the DT B-NP
quarter NN I-NP
, , O
Pfizer NNP B-NP
received VBD B-VP
federal JJ B-NP
approval NN I-NP
of IN B-PP
Procardia NNP B-NP
XL NNP I-NP
, , O
a DT B-NP
calcium NN I-NP
channel NN I-NP
blocker NN I-NP
approved VBD B-VP
for IN B-PP
both DT B-NP
angina NN I-NP
and CC I-NP
hypertension NN I-NP
, , O
and CC O
Monorail NNP B-NP
Piccolino NNP I-NP
, , O
used VBN B-VP
to TO B-VP
open VB I-VP
obstructed VBN B-NP
coronary JJ I-NP
arteries NNS I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
yesterday NN B-NP
, , O
Pfizer NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
67.75 CD I-NP
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
75 CD B-NP
cents NNS I-NP
. . O

Schering-Plough NNP B-NP

Schering-Plough NNP B-NP
said VBD B-VP
sales NNS B-NP
gained VBD B-VP
2.7 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
743.7 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
724.4 CD I-NP
million CD I-NP
. . O

In IN B-PP
the DT B-NP
period NN I-NP
, , O
the DT B-NP
company NN I-NP
completed VBD B-VP
the DT B-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
European JJ I-NP
cosmetics NNS I-NP
businesses NNS I-NP
, , O
sold VBD B-VP
a DT B-NP
majority NN I-NP
interest NN I-NP
in IN B-PP
its PRP$ B-NP
Brazilian JJ I-NP
affiliate NN I-NP
, , O
and CC O
announced VBD B-VP
the DT B-NP
reorganization NN I-NP
of IN B-PP
its PRP$ B-NP
over-the-counter JJ I-NP
drug NN I-NP
businesses NNS I-NP
into IN B-PP
a DT B-NP
new JJ I-NP
unit NN I-NP
, , O
Schering-Plough NNP B-NP
Health NNP I-NP
Care NNP I-NP
Products NNPS I-NP
. . O

These DT B-NP
actions NNS I-NP
did VBD B-VP
n't RB I-VP
affect VB I-VP
results NNS B-NP
because IN B-SBAR
the DT B-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
the DT B-NP
European JJ I-NP
cosmetics NNS I-NP
businesses NNS I-NP
was VBD B-VP
offset VBN I-VP
by IN B-PP
provisions NNS B-NP
relating VBG B-VP
to TO B-PP
the DT B-NP
Brazil NNP I-NP
divestiture NN I-NP
and CC I-NP
drug NN I-NP
restructuring NN I-NP
. . O

U.S. NNP B-NP
pharmaceutical JJ I-NP
sales NNS I-NP
rose VBD B-VP
15 CD B-NP
% NN I-NP
, , O
led VBN B-VP
by IN B-PP
allergy NN B-NP
, , I-NP
asthma NN I-NP
and CC I-NP
cold JJ I-NP
products NNS I-NP
; : O
dermatological JJ B-NP
products NNS I-NP
; : O
anti-infectives NNS B-NP
and CC O
anti-cancer JJ B-NP
products NNS I-NP
; : O
and CC O
cardiovascular JJ B-NP
products NNS I-NP
. . O

World-wide JJ B-NP
consumer NN I-NP
product NN I-NP
sales NNS I-NP
declined VBD B-VP
12 CD B-NP
% NN I-NP
, , O
primarily RB B-ADVP
because IN B-PP
of IN I-PP
the DT B-NP
European JJ I-NP
cosmetics NNS I-NP
sale NN I-NP
. . O

Significantly RB B-NP
lower JJR I-NP
sales NNS I-NP
of IN B-PP
` `` B-NP
Stay VB I-NP
Trim NN I-NP
' '' I-NP
diet NN I-NP
aids NNS I-NP
also RB B-ADVP
were VBD B-VP
a DT B-NP
factor NN I-NP
in IN B-PP
the DT B-NP
drop NN I-NP
. . O

The DT B-NP
Maybelline NNP I-NP
beauty NN I-NP
product NN I-NP
line NN I-NP
had VBD B-VP
higher JJR B-NP
sales NNS I-NP
following VBG B-PP
a DT B-NP
sluggish JJ I-NP
first JJ I-NP
half NN I-NP
. . O

In IN B-PP
Big NNP B-NP
Board NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Schering-Plough NNP B-NP
shares NNS I-NP
fell VBD B-VP
75 CD B-NP
cents NNS I-NP
to TO B-VP
close VB I-VP
at IN B-PP
$ $ B-NP
74.125 CD I-NP
. . O

Swedish JJ B-NP
auto NN I-NP
and CC I-NP
aerospace NN I-NP
concern NN I-NP
Saab-Scania NNP I-NP
AB NNP I-NP
said VBD B-VP
it PRP B-NP
received VBD B-VP
a DT O
250 CD O
million CD O
krona NN O
-LRB- ( O
$ $ B-ADJP
39 CD O
million CD O
-RRB- ) O
order NN B-NP
from IN B-PP
Swiss NNP B-NP
Crossair NNP I-NP
, , O
one CD B-NP
of IN B-PP
Europe NNP B-NP
's POS B-NP
leading VBG I-NP
regional JJ I-NP
air NN I-NP
companies NNS I-NP
, , O
for IN B-PP
five CD B-NP
Saab NNP I-NP
340B CD I-NP
turboprop NN I-NP
commuter NN I-NP
aircraft NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
quite RB B-ADJP
unfortunate JJ I-ADJP
that IN B-SBAR
you PRP B-NP
failed VBD B-VP
so RB B-ADVP
miserably RB I-ADVP
in IN B-PP
reporting VBG B-VP
the DT B-NP
Hurricane NNP I-NP
Hugo NNP I-NP
disaster NN I-NP
. . O

Your PRP$ B-NP
Sept. NNP I-NP
27 CD I-NP
page-one JJ I-NP
article NN I-NP
`` `` O
Charleston NNP B-NP
Lost JJ B-VP
Quite RB B-NP
a DT I-NP
Lot NN I-NP
to TO B-PP
Hugo NNP B-NP
, , O
Especially RB B-NP
Gentility NN I-NP
'' '' O
leaves VBZ B-VP
the DT B-NP
impression NN I-NP
that IN B-SBAR
the DT B-NP
storm NN I-NP
was VBD B-VP
little RB B-ADJP
more JJR I-ADJP
than IN B-PP
an DT B-NP
inconvenience NN I-NP
. . O

The DT B-NP
damage NN I-NP
reported VBD B-VP
focused VBN B-VP
on IN B-PP
a DT B-NP
select JJ I-NP
few JJ I-NP
who WP B-NP
owned VBD B-VP
irreplaceable JJ B-NP
historic JJ I-NP
homes NNS I-NP
on IN B-PP
the DT B-NP
Battery NNP I-NP
. . O

Not RB B-VP
mentioned VBN I-VP
were VBD B-VP
the DT B-NP
50,000 CD I-NP
people NNS I-NP
rendered VBD B-VP
homeless JJ B-ADJP
, , O
and CC O
the DT B-NP
more JJR I-NP
than IN I-NP
200,000 CD I-NP
out IN B-ADJP
of IN B-PP
work NN B-NP
for IN B-PP
an DT B-NP
indeterminable JJ I-NP
period NN I-NP
; : O
the DT B-NP
$ $ I-NP
1 CD I-NP
billion-plus JJ I-NP
in IN B-PP
losses NNS B-NP
to TO B-PP
homes NNS B-NP
and CC O
personal JJ B-NP
property NN I-NP
on IN B-PP
the DT B-NP
barrier NN I-NP
islands NNS I-NP
; : O
the DT B-NP
near IN I-NP
- : I-NP
and CC I-NP
long-term JJ I-NP
impact NN I-NP
on IN B-PP
the DT B-NP
state NN I-NP
's POS B-NP
largest JJS I-NP
industry NN I-NP
, , O
tourism NN B-NP
, , O
not RB B-CONJP
to TO O
mention VB O
the DT B-NP
human JJ I-NP
suffering NN I-NP
. . O

In IN B-PP
centering VBG B-VP
on IN B-PP
the DT B-NP
disruption NN I-NP
of IN B-PP
a DT B-NP
few JJ I-NP
proud JJ I-NP
local JJ I-NP
customs NNS I-NP
such JJ B-PP
as IN I-PP
the DT B-NP
historic JJ I-NP
homes NNS I-NP
tour NN I-NP
and CC O
the DT B-NP
damage NN I-NP
to TO B-PP
the DT B-NP
antiquities NNS I-NP
, , O
your PRP$ B-NP
reporter NN I-NP
served VBN B-VP
to TO I-VP
only RB I-VP
perpetuate VB I-VP
an DT B-NP
outdated JJ I-NP
and CC I-NP
stereotypically RB I-NP
provincial JJ I-NP
view NN I-NP
of IN B-PP
this DT B-NP
otherwise RB I-NP
thriving VBG I-NP
port NN I-NP
city NN I-NP
. . O

The DT B-NP
damage NN I-NP
will MD B-VP
undoubtedly RB I-VP
prove VB I-VP
to TO I-VP
be VB I-VP
one CD B-NP
of IN B-PP
the DT B-NP
epic NN I-NP
human JJ I-NP
and CC I-NP
economic JJ I-NP
disasters NNS I-NP
of IN B-PP
the DT B-NP
decade NN I-NP
in IN B-PP
this DT B-NP
country NN I-NP
. . O

David NNP B-NP
M. NNP I-NP
Carroll NNP I-NP

Columbia NNP B-NP
, , O
S.C NNP B-NP
. . O

Your PRP$ B-NP
story NN I-NP
was VBD B-VP
tasteless JJ B-ADJP
and CC I-ADJP
insensitive JJ I-ADJP
. . O

Depicting VBG B-VP
the DT B-NP
people NNS I-NP
of IN B-PP
a DT B-NP
traumatized VBN I-NP
city NN I-NP
reeling VBG B-VP
from IN B-PP
a DT B-NP
disaster NN I-NP
of IN B-PP
unprecedented JJ B-NP
proportions NNS I-NP
was VBD B-VP
at IN B-PP
the DT B-NP
very RB I-NP
best JJS I-NP
ludicrous JJ B-ADJP
under IN B-PP
the DT B-NP
circumstances NNS I-NP
. . O

Your PRP$ B-NP
narrow JJ I-NP
focus NN I-NP
appears VBZ B-VP
to TO I-VP
be VB I-VP
a DT B-NP
contrived VBN I-NP
attempt NN I-NP
to TO B-VP
show VB I-VP
the DT B-NP
people NNS I-NP
of IN B-PP
that DT B-NP
historic JJ I-NP
city NN I-NP
to TO B-VP
be VB I-VP
doddering JJ B-NP
fools NNS I-NP
. . O

You PRP B-NP
had VBD B-VP
to TO I-VP
have VB I-VP
been VBN I-VP
blind JJ B-ADJP
not RB O
to TO B-VP
see VB I-VP
the DT B-NP
scenario NN I-NP
there RB B-ADVP
for IN B-PP
what WP B-NP
it PRP B-NP
was VBD B-VP
and CC O
is VBZ B-VP
and CC O
will MD B-VP
continue VB I-VP
to TO I-VP
be VB I-VP
for IN B-PP
months NNS B-NP
and CC B-NP
even JJ I-NP
years NNS B-NP
-- : O
a DT B-NP
part NN I-NP
of IN B-PP
South NNP B-NP
Carolina NNP I-NP
that WDT B-NP
has VBZ B-VP
sustained VBN I-VP
a DT B-NP
blow NN I-NP
that IN B-NP
the DT B-NP
Red NNP I-NP
Cross NNP I-NP
expects VBZ B-VP
will MD B-VP
cost VB I-VP
that DT B-NP
organization NN I-NP
alone RB B-ADVP
some DT B-NP
$ $ I-NP
38 CD I-NP
million CD I-NP
. . O

William NNP B-NP
C. NNP I-NP
Barksdale NNP I-NP
Jr NNP I-NP
. . O

Columbia NNP B-NP
, , O
S.C NNP B-NP
. . O

Charleston NNP B-NP
is VBZ B-VP
historic JJ B-ADJP
and CC I-ADJP
aristocratic JJ I-ADJP
, , O
as IN O
your PRP$ B-NP
reporter NN I-NP
said VBD B-VP
, , O
but CC O
not RB O
haughty JJ B-ADJP
, , O
as IN B-SBAR
he PRP B-NP
suggested VBD B-VP
. . O

Charlestonians NNS B-NP
are VBP B-VP
instead RB B-ADVP
indomitable JJ B-ADJP
and CC O
have VBP B-VP
contributed VBN I-VP
mightily RB B-ADVP
to TO B-PP
the DT B-NP
culture NN I-NP
and CC I-NP
history NN I-NP
of IN B-PP
our PRP$ B-NP
country NN I-NP
for IN B-PP
more JJR B-NP
than IN I-NP
300 CD I-NP
years NNS I-NP
. . O

I PRP B-NP
suggest VBP B-VP
your PRP$ B-NP
reporter NN I-NP
see VB B-VP
Charleston NNP B-NP
next JJ B-NP
spring NN I-NP
in IN B-PP
its PRP$ B-NP
full JJ I-NP
glory NN I-NP
. . O

William NNP B-NP
C. NNP I-NP
Stuart NNP I-NP
III NNP I-NP

Silver NNP B-NP
Spring NNP I-NP
, , O
Md NNP B-NP
. . O

Affiliated NNP B-NP
Bankshares NNPS I-NP
of IN B-PP
Colorado NNP B-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
agreed VBD B-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
10 CD I-NP
% NN I-NP
interest NN I-NP
in IN B-PP
Rocky NNP B-NP
Mountain NNP I-NP
Bankcard NNP I-NP
Systems NNPS I-NP
for IN B-PP
$ $ B-NP
18.5 CD I-NP
million CD I-NP
to TO B-PP
Colorado NNP B-NP
National NNP I-NP
Bank NNP I-NP
of IN B-PP
Denver NNP B-NP
and CC O
Central NNP B-NP
Bank NNP I-NP
of IN B-PP
Denver NNP B-NP
. . O

Colorado NNP B-NP
National NNP I-NP
is VBZ B-VP
a DT B-NP
unit NN I-NP
of IN B-PP
Colorado NNP B-NP
National NNP I-NP
Bankshares NNPS I-NP
Inc. NNP I-NP
and CC O
Central NNP B-NP
is VBZ B-VP
a DT B-NP
unit NN I-NP
of IN B-PP
First NNP B-NP
Bank NNP I-NP
System NNP I-NP
of IN B-PP
Minneapolis NNP B-NP
. . O

Affiliated NNP B-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
record VB I-VP
a DT B-NP
pretax JJ I-NP
gain NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
18.5 CD I-NP
million CD I-NP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
the DT B-NP
credit-card NN I-NP
business NN I-NP
, , O
which WDT B-NP
should MD B-VP
more JJR I-VP
than IN I-VP
offset VB I-VP
any DT B-NP
reduction NN I-NP
in IN B-PP
the DT B-NP
carrying VBG I-NP
value NN I-NP
of IN B-PP
real JJ B-NP
estate NN I-NP
and CC O
real-estate NN B-NP
loans NNS I-NP
on IN B-PP
its PRP$ B-NP
books NNS I-NP
. . O

The DT B-NP
U.S. NNP I-NP
Export-Import NNP I-NP
Bank NNP I-NP
tentatively RB B-VP
decided VBD I-VP
to TO I-VP
guarantee VB I-VP
commercial JJ B-NP
bank NN I-NP
financing NN I-NP
for IN B-PP
the DT B-NP
purchase NN I-NP
of IN B-PP
two CD B-NP
Boeing NNP I-NP
Co. NNP I-NP
767 CD I-NP
airliners NNS I-NP
by IN B-PP
Avianca NNP B-NP
, , O
Colombia NNP B-NP
's POS B-NP
international JJ I-NP
airline NN I-NP
, , O
at IN B-PP
a DT B-NP
cost NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
150 CD I-NP
million CD I-NP
. . O

The DT B-NP
loan NN I-NP
guarantee NN I-NP
would MD B-VP
amount VB I-VP
to TO B-PP
about RB B-NP
$ $ I-NP
127.5 CD I-NP
million CD I-NP
, , O
or CC O
85 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
cost NN I-NP
of IN B-PP
the DT B-NP
aircraft NN I-NP
. . O

Because IN B-PP
of IN I-PP
the DT B-NP
size NN I-NP
of IN B-PP
the DT B-NP
proposed VBN I-NP
loan NN I-NP
guarantee NN I-NP
, , O
the DT B-NP
Ex-Im NNP I-NP
Bank NNP I-NP
's POS B-NP
preliminary JJ I-NP
commitment NN I-NP
is VBZ B-VP
subject NN B-ADJP
to TO B-PP
review VB B-NP
by IN B-PP
the DT B-NP
House NNP I-NP
and CC I-NP
Senate NNP I-NP
Banking NNP I-NP
committees NNS I-NP
. . O

Ex-Im NNP B-NP
Bank NNP I-NP
officials NNS I-NP
said VBD B-VP
this DT B-NP
review NN I-NP
process NN I-NP
currently RB B-ADVP
is VBZ B-VP
under IN B-PP
way NN B-NP
. . O

Sebastian NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
took VBD B-VP
over IN B-PRT
the DT B-NP
oil NN I-NP
workers NNS I-NP
union NN I-NP
, , O
Mexico NNP B-NP
's POS B-NP
most RBS B-ADJP
powerful JJ I-ADJP
labor NN B-NP
organization NN I-NP
, , O
only RB B-NP
last JJ I-NP
January NNP I-NP
. . O

But CC O
even RB B-PP
in IN I-PP
that DT B-NP
short JJ I-NP
time NN I-NP
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
has VBZ B-VP
become VBN I-VP
as IN B-ADJP
controversial JJ I-ADJP
in IN B-PP
his PRP$ B-NP
own JJ I-NP
way NN I-NP
as IN B-PP
his PRP$ B-NP
deposed VBN I-NP
predecessor NN I-NP
, , O
Joaquin NNP B-NP
Hernandez NNP I-NP
Galicia NNP I-NP
, , O
known VBN B-VP
as IN B-PP
La NNP B-NP
Quina NNP I-NP
. . O

President NNP B-NP
Carlos NNP I-NP
Salinas NNP I-NP
de FW I-NP
Gortari NNP I-NP
used VBD B-VP
the DT B-NP
army NN I-NP
to TO B-VP
oust VB I-VP
La NNP B-NP
Quina NNP I-NP
, , O
who WP B-NP
reigned VBD B-VP
for IN B-PP
28 CD B-NP
years NNS I-NP
over IN B-PP
a DT B-NP
graft-riddled JJ I-NP
empire NN I-NP
that WDT B-NP
made VBD B-VP
state-run JJ B-NP
Petroleos NNP I-NP
Mexicanos NNP I-NP
, , I-NP
or CC I-NP
Pemex NNP I-NP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
world NN I-NP
's POS B-NP
most RBS B-ADJP
inefficient JJ I-ADJP
oil NN B-NP
companies NNS I-NP
. . O

Now RB B-ADVP
, , O
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
is VBZ B-VP
facing VBG I-VP
accusations NNS B-NP
that IN B-SBAR
he PRP B-NP
's VBZ B-VP
as IN B-NP
much JJ I-NP
a DT I-NP
company NN I-NP
man NN I-NP
as IN B-SBAR
La NNP B-NP
Quina NNP I-NP
was VBD B-VP
a DT B-NP
crook NN I-NP
. . O

In IN B-PP
recent JJ B-NP
contract NN I-NP
negotiations NNS I-NP
with IN B-PP
Pemex NNP B-NP
management NN I-NP
, , O
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
accepted VBD B-VP
major JJ B-NP
concessions NNS I-NP
that WDT B-NP
greatly RB B-VP
curtail VB I-VP
the DT B-NP
union NN I-NP
's POS B-NP
role NN I-NP
in IN B-PP
subcontracting NN B-NP
, , O
long JJ B-ADVP
a DT B-NP
source NN I-NP
of IN B-PP
millions NNS B-NP
of IN B-PP
dollars NNS B-NP
in IN B-PP
illicit JJ B-NP
earnings NNS I-NP
. . O

And CC O
with IN B-PP
the DT B-NP
quiet JJ I-NP
pragmatism NN I-NP
of IN B-PP
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
replacing VBG B-VP
the DT B-NP
prickly JJ I-NP
populism NN I-NP
of IN B-PP
La NNP B-NP
Quina NNP I-NP
, , O
government NN B-NP
technocrats NNS I-NP
have VBP B-VP
been VBN I-VP
given VBN I-VP
a DT B-NP
free JJ I-NP
hand NN I-NP
to TO B-VP
open VB I-VP
the DT B-NP
petrochemical NN I-NP
sector NN I-NP
to TO B-PP
wider RBR B-NP
private JJ I-NP
and CC I-NP
foreign JJ I-NP
investment NN I-NP
. . O

Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
's POS B-NP
new JJ I-NP
order NN I-NP
has VBZ B-VP
n't RB I-VP
arrived VBN I-VP
without IN B-PP
resistance NN B-NP
. . O

Brawls NNS B-NP
between IN B-PP
union NN B-NP
factions NNS I-NP
still RB B-ADVP
erupt VBP B-VP
at IN B-PP
Pemex NNP B-NP
installations NNS I-NP
. . O

Leftist JJ B-NP
leader NN I-NP
Cuauhtemoc NNP I-NP
Cardenas NNP I-NP
publicly RB B-VP
questioned VBD I-VP
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
's POS B-NP
`` `` I-NP
moral JJ I-NP
quality NN I-NP
, , O
'' '' O
suggesting VBG B-VP
he PRP B-NP
is VBZ B-VP
part NN B-NP
of IN B-PP
a DT B-NP
conspiracy NN I-NP
to TO B-VP
turn VB I-VP
over IN B-PRT
the DT B-NP
country NN I-NP
's POS B-NP
oil NN I-NP
, , O
a DT B-NP
symbol NN I-NP
of IN B-PP
Mexican JJ B-NP
nationalism NN I-NP
, , O
to TO B-PP
foreigners NNS B-NP
. . O

The DT B-NP
61-year-old NNP I-NP
Mr. NNP I-NP
Guzman NNP I-NP
Cabrera NNP I-NP
takes VBZ B-VP
such JJ B-NP
criticisms NNS I-NP
in IN B-PP
stride NN B-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
n't RB O
a DT B-NP
new JJ I-NP
kind NN I-NP
of IN B-PP
union NN B-NP
leadership NN I-NP
, , O
it PRP B-NP
's VBZ B-VP
a DT B-NP
new JJ I-NP
Mexico NNP I-NP
. . O

We PRP B-NP
're VBP B-VP
no RB B-ADVP
longer RB I-ADVP
afraid JJ B-ADJP
of IN B-PP
associating VBG B-VP
with IN B-PP
private JJ B-NP
or CC I-NP
foreign JJ I-NP
capital NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Pemex NNP B-NP
, , O
which WDT B-NP
produces VBZ B-VP
40 CD B-NP
% NN I-NP
of IN B-PP
government NN B-NP
revenue NN I-NP
, , O
desperately RB B-VP
needs VBZ I-VP
new JJ B-NP
investment NN I-NP
. . O

Since IN B-SBAR
world NN B-NP
oil NN I-NP
prices NNS I-NP
collapsed VBD B-VP
in IN B-PP
1982 CD B-NP
, , O
the DT B-NP
government NN I-NP
has VBZ B-VP
siphoned VBN I-VP
Pemex NNP B-NP
's POS B-NP
coffers NNS I-NP
to TO B-VP
make VB I-VP
payments NNS B-NP
on IN B-PP
Mexico NNP B-NP
's POS B-NP
$ $ B-ADJP
97 CD O
billion CD O
foreign JJ B-NP
debt NN I-NP
. . O

Little JJ B-NP
money NN I-NP
has VBZ B-VP
been VBN I-VP
returned VBN I-VP
to TO B-VP
upgrade VB I-VP
Pemex NNP B-NP
's POS B-NP
aging VBG I-NP
facilities NNS I-NP
. . O

While IN B-SBAR
the DT B-NP
government NN I-NP
drains NNS B-VP
Pemex NNP B-NP
from IN B-PP
above IN B-NP
, , O
the DT B-NP
union NN I-NP
has VBZ B-VP
drained VBN I-VP
it PRP B-NP
from IN B-PP
below RB B-NP
. . O

A DT B-NP
bloated JJ I-NP
payroll NN I-NP
and CC O
pervasive JJ B-NP
graft NN I-NP
caused VBN B-VP
Pemex NNP B-NP
's POS B-NP
operating VBG I-NP
costs NNS I-NP
to TO B-VP
balloon VB I-VP
to TO B-PP
95 CD B-NP
cents NNS I-NP
of IN B-PP
each DT B-NP
$ $ I-NP
1 CD I-NP
in IN B-PP
sales NNS B-NP
, , O
far RB B-ADVP
above IN B-PP
the DT B-NP
industry NN I-NP
norm NN I-NP
. . O

The DT B-NP
declines NNS I-NP
in IN B-PP
investment NN B-NP
and CC I-NP
efficiency NN I-NP
explain VB B-VP
in IN B-PP
part NN B-NP
why WRB B-ADVP
Mexico NNP B-NP
has VBZ B-VP
been VBN I-VP
importing VBG I-VP
gasoline NN B-NP
this DT B-NP
year NN I-NP
. . O

Some DT B-NP
projections NNS I-NP
show VBP B-VP
Mexico NNP B-NP
importing VBG B-VP
crude NN B-NP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
century NN I-NP
, , O
barring VBG B-PP
an DT B-NP
overhaul NN I-NP
of IN B-PP
operations NNS B-NP
. . O

`` `` O
Whatever WDT B-NP
you PRP B-NP
tried VBD B-VP
to TO I-VP
change VB I-VP
, , O
whether IN B-SBAR
it PRP B-NP
was VBD B-VP
cutting VBG B-VP
costs NNS B-NP
or CC O
attracting VBG B-VP
new JJ B-NP
partners NNS I-NP
, , O
the DT B-NP
big JJ I-NP
obstacle NN I-NP
was VBD B-VP
the DT B-NP
old JJ I-NP
union NN I-NP
leadership NN I-NP
, , O
'' '' O
says VBZ B-VP
oil NN B-NP
consultant NN I-NP
George NNP I-NP
Baker NNP I-NP
. . O

Enter VB B-VP
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
, , O
who WP B-NP
has VBZ B-VP
a DT B-NP
clear JJ I-NP
understanding NN I-NP
of IN B-PP
where WRB B-ADVP
union NN B-NP
leaders NNS I-NP
fit VBP B-VP
in IN B-PP
the DT B-NP
pro-enterprise JJ I-NP
regime NN I-NP
of IN B-PP
President NNP B-NP
Salinas NNP I-NP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
the DT B-NP
secretary-general NN I-NP
, , O
if IN B-SBAR
there EX B-NP
is VBZ B-VP
one CD B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
greeting VBG B-VP
a DT B-NP
visitor NN I-NP
to TO B-PP
his PRP$ B-NP
office NN I-NP
. . O

Beginning VBG B-VP
as IN B-PP
a DT B-NP
laborer NN I-NP
in IN B-PP
a DT B-NP
refinery NN I-NP
, , O
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
put VB B-VP
in IN B-PRT
more JJR B-NP
than IN I-NP
40 CD I-NP
years NNS I-NP
at IN B-PP
Pemex NNP B-NP
before IN B-PP
being VBG B-VP
pushed VBN I-VP
into IN B-PP
retirement NN B-NP
by IN B-PP
La NNP B-NP
Quina NNP I-NP
after IN B-PP
a DT B-NP
dispute NN I-NP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O

Though IN B-SBAR
he PRP B-NP
also RB B-ADVP
long JJ B-ADVP
benefited VBD B-VP
from IN B-PP
the DT B-NP
system NN I-NP
built VBN B-VP
by IN B-PP
La NNP B-NP
Quina NNP I-NP
, , O
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
says VBZ B-VP
union NN B-NP
perks NNS I-NP
had VBN B-VP
simply RB I-VP
gotten VBN I-VP
out IN B-ADJP
of IN B-PP
hand NN B-NP
. . O

They PRP B-NP
are VBP B-VP
`` `` O
at IN B-PP
the DT B-NP
base NN I-NP
of IN B-PP
all DT B-NP
of IN B-PP
the DT B-NP
problems NNS I-NP
of IN B-PP
corruption NN B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Thus RB B-ADVP
, , O
in IN B-PP
recent JJ B-NP
contract NN I-NP
negotiations NNS I-NP
, , O
Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
gave VBD B-VP
up IN B-PRT
the DT B-NP
union NN I-NP
's POS B-NP
right NN I-NP
to TO B-VP
assign VB I-VP
40 CD B-NP
% NN I-NP
of IN B-PP
all DT B-NP
of IN B-PP
Pemex NNP B-NP
's POS B-NP
outside IN I-NP
contracts NNS I-NP
-- : O
an DT B-NP
enormous JJ I-NP
source NN I-NP
of IN B-PP
kickbacks NNS B-NP
. . O

The DT B-NP
union NN I-NP
also RB B-ADVP
ceded VBD B-VP
the DT B-NP
2 CD I-NP
% NN I-NP
commission NN I-NP
it PRP B-NP
had VBD B-VP
received VBN I-VP
on IN B-PP
all DT B-NP
Pemex NNP I-NP
maintenance NN I-NP
contracts NNS I-NP
. . O

-LRB- ( O
The DT B-NP
union NN I-NP
will MD B-VP
keep VB I-VP
a DT B-NP
2 CD I-NP
% NN I-NP
commission NN I-NP
on IN B-PP
construction NN B-NP
projects NNS I-NP
. . O
-RRB- ) O

The DT B-NP
new JJ I-NP
contract NN I-NP
also RB B-ADVP
eliminates VBZ B-VP
the DT B-NP
$ $ I-NP
15 CD I-NP
monthly JJ I-NP
coupon NN I-NP
, , O
good JJ B-ADJP
only RB B-ADVP
at IN B-PP
union-owned JJ B-NP
grocery NN I-NP
stores NNS I-NP
, , O
that WDT B-NP
was VBD B-VP
part NN B-NP
of IN B-PP
the DT B-NP
salary NN I-NP
of IN B-PP
every DT B-NP
worker NN I-NP
, , O
from IN B-PP
roughneck NN B-NP
to TO B-PP
chief JJ B-NP
executive NN I-NP
. . O

About IN B-NP
9,800 CD I-NP
technical JJ I-NP
workers NNS I-NP
, , O
notably RB B-NP
chemists NNS I-NP
and CC I-NP
lawyers NNS I-NP
, , O
were VBD B-VP
switched VBN I-VP
to TO B-PP
non-union JJ B-NP
status NN I-NP
. . O

Also RB B-ADVP
, , O
because IN B-PP
of IN I-PP
its PRP$ B-NP
reduced VBN I-NP
capital NN I-NP
budget NN I-NP
, , O
Pemex NNP B-NP
has VBZ B-VP
phased VBN I-VP
out IN B-PRT
about IN B-NP
50,000 CD I-NP
transitory JJ I-NP
construction NN I-NP
workers NNS I-NP
, , O
reducing VBG B-VP
the DT B-NP
work NN I-NP
force NN I-NP
to TO B-PP
about IN B-NP
140,000 CD I-NP
, , O
the DT B-NP
union NN I-NP
leader NN I-NP
says NNS B-VP
. . O

Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
says VBZ B-VP
the DT B-NP
union NN I-NP
's POS B-NP
sacrifices NNS I-NP
will MD B-VP
be VB I-VP
offset VB I-VP
by IN B-PP
a DT B-NP
wage NN I-NP
and CC I-NP
benefit NN I-NP
package NN I-NP
that IN B-NP
amounts NNS B-VP
to TO B-PP
a DT B-NP
22 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
compensation NN B-NP
. . O

But CC O
Pemex NNP B-NP
managers NNS I-NP
are VBP B-VP
the DT B-NP
ones NNS I-NP
most RBS B-VP
thrilled VBN I-VP
by IN B-PP
the DT B-NP
contract NN I-NP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
retaking VBG I-VP
the DT B-NP
instruments NNS I-NP
of IN B-PP
administration NN B-NP
, , O
'' '' O
says VBZ B-VP
Raul NNP B-NP
Robles NNP I-NP
, , O
a DT B-NP
Pemex NNP I-NP
subdirector NN I-NP
. . O

Pemex NNP B-NP
officials NNS I-NP
would MD B-VP
n't RB I-VP
say VB I-VP
how WRB B-NP
much JJ I-NP
money NN I-NP
the DT B-NP
new JJ I-NP
contract NN I-NP
would MD B-VP
save VB I-VP
the DT B-NP
company NN I-NP
, , O
but CC O
one CD B-NP
previous JJ I-NP
government NN I-NP
estimate NN I-NP
pegged VBD B-VP
savings NNS B-NP
at IN B-PP
around IN B-NP
$ $ I-NP
500 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
. . O

Pemex NNP B-NP
's POS B-NP
customers NNS I-NP
also RB B-ADVP
are VBP B-VP
pleased VBN I-VP
with IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
new JJ I-NP
spirit NN I-NP
. . O

Grupo NNP B-NP
Desc NNP I-NP
, , O
a DT B-NP
big JJ I-NP
conglomerate NN I-NP
, , O
has VBZ B-VP
long RB I-VP
depended VBN I-VP
on IN B-PP
Pemex NNP B-NP
petrochemicals NNS I-NP
to TO B-VP
produce VB I-VP
plastic NN B-NP
packing VBG I-NP
material NN I-NP
. . O

But CC O
when WRB B-ADVP
the DT B-NP
Pemex NNP I-NP
plant NN I-NP
shut VBN B-VP
down RB B-PRT
for IN B-PP
an DT B-NP
annual JJ I-NP
overhaul NN I-NP
, , O
it PRP B-NP
would MD B-VP
never RB I-VP
give VB I-VP
notice NN B-NP
to TO B-PP
its PRP$ B-NP
customers NNS I-NP
. . O

`` `` O
The DT B-NP
capriciousness NN I-NP
would MD B-VP
completely RB I-VP
disrupt VB I-VP
our PRP$ B-NP
operations NNS I-NP
, , O
'' '' O
says VBZ B-VP
Ernesto NNP B-NP
Vega NNP I-NP
Velasco NNP I-NP
, , O
Desc NNP B-NP
's POS B-NP
finance NN I-NP
director NN I-NP
. . O

This DT B-NP
year NN I-NP
, , O
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
, , O
Desc NNP B-NP
and CC O
other JJ B-NP
customers NNS I-NP
were VBD B-VP
consulted VBN I-VP
well RB B-ADVP
in IN B-PP
advance NN B-NP
of IN B-PP
the DT B-NP
Pemex NNP I-NP
plant NN I-NP
's POS B-NP
shutdown NN I-NP
to TO B-VP
ensure VB I-VP
minimal JJ B-NP
inconvenience NN I-NP
. . O

Taming VBG B-VP
the DT B-NP
union NN I-NP
complements VBZ B-VP
previous JJ B-NP
moves NNS I-NP
by IN B-PP
the DT B-NP
government NN I-NP
to TO B-VP
attract VB I-VP
private JJ B-NP
investment NN I-NP
in IN B-PP
petrochemicals NNS B-NP
, , O
which WDT B-NP
Mexico NNP B-NP
has VBZ B-VP
been VBN I-VP
forced VBN I-VP
to TO I-VP
import VB I-VP
in IN B-PP
large JJ B-NP
quantities NNS I-NP
in IN B-PP
recent JJ B-NP
years NNS I-NP
. . O

In IN B-PP
May NNP B-NP
, , O
the DT B-NP
government NN I-NP
unveiled VBD B-VP
new JJ B-NP
foreign JJ I-NP
investment NN I-NP
regulations NNS I-NP
that WDT B-NP
create VBP B-VP
special JJ B-NP
trusts NNS I-NP
allowing VBG B-VP
foreigners NNS B-NP
, , O
long JJ B-VP
limited JJ I-VP
to TO B-PP
a DT B-NP
40 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
secondary JJ B-NP
petrochemical NN I-NP
companies NNS I-NP
, , O
to TO B-VP
own VB I-VP
up IN B-NP
to TO I-NP
100 CD I-NP
% NN I-NP
. . O

Later RB B-ADVP
, , O
the DT B-NP
government NN I-NP
reclassified VBD B-VP
several JJ B-NP
basic JJ I-NP
petrochemicals NNS I-NP
as IN B-PP
secondary JJ B-NP
products NNS I-NP
. . O

But CC O
Pemex NNP B-NP
's POS B-NP
courtship NN I-NP
with IN B-PP
private JJ B-NP
companies NNS I-NP
, , O
and CC O
especially RB B-ADVP
foreign JJ B-NP
ones NNS I-NP
, , O
is VBZ B-VP
controversial JJ B-ADJP
in IN B-PP
a DT B-NP
country NN I-NP
where WRB B-ADVP
oil NN B-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
symbol NN I-NP
of IN B-PP
national JJ B-NP
sovereignty NN I-NP
since IN B-SBAR
foreign JJ B-NP
oil NN I-NP
holdings NNS I-NP
were VBD B-VP
nationalized VBN I-VP
in IN B-PP
1938 CD B-NP
. . O

`` `` O
They PRP B-NP
are VBP B-VP
preparing VBG I-VP
the DT B-NP
workers NNS I-NP
for IN B-PP
what WP B-NP
's VBZ B-VP
coming VBG I-VP
: : O
foreign JJ B-NP
control NN I-NP
, , O
'' '' O
wrote VBD B-VP
Heberto NNP B-NP
Castillo NNP I-NP
, , O
a DT B-NP
leftist JJ I-NP
leader NN I-NP
. . O

Mr. NNP B-NP
Guzman NNP I-NP
Cabrera NNP I-NP
and CC O
government NN B-NP
officials NNS I-NP
insist VBP B-VP
that IN B-SBAR
foreigners NNS B-NP
will MD B-VP
be VB I-VP
limited JJ I-VP
to TO B-PP
investing VBG B-VP
in IN B-PP
secondary JJ B-NP
petroleum NN I-NP
products NNS I-NP
. . O

But CC O
the DT B-NP
new JJ I-NP
union NN I-NP
leader NN I-NP
makes VBZ B-VP
no DT B-NP
apologies NNS I-NP
for IN B-PP
Pemex NNP B-NP
's POS B-NP
more RBR B-ADJP
outward-looking JJ I-ADJP
attitude NN B-NP
. . O

`` `` O
If IN B-SBAR
we PRP B-NP
do VBP B-VP
not RB I-VP
integrate VB I-VP
into IN B-PP
this DT B-NP
new JJ I-NP
world NN I-NP
of IN B-PP
interdependence NN B-NP
, , O
sooner RBR B-ADVP
or CC I-ADVP
later RB I-ADVP
we PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
become VB I-VP
victims NNS B-NP
of IN B-PP
our PRP$ B-NP
own JJ I-NP
isolation NN I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

Couple JJ B-NP
Counseling NN I-NP
Grows VBZ B-VP
to TO B-VP
Defuse VB I-VP
Stress NN B-NP

MORE JJR B-NP
EXECUTIVES NNPS I-NP
and CC I-NP
their PRP$ I-NP
spouses NNS I-NP
are VBP B-VP
seeking VBG I-VP
counseling NN B-NP
as IN B-SBAR
work NN B-NP
and CC I-NP
family NN I-NP
pressures NNS I-NP
mount VBP B-VP
. . O

Some DT B-NP
employers NNS I-NP
initiate VBP B-VP
referrals NNS B-NP
, , O
especially RB B-ADVP
if IN B-SBAR
work NN B-NP
problems NNS I-NP
threaten VBP B-VP
a DT B-NP
top JJ I-NP
manager NN I-NP
's POS B-NP
job NN I-NP
. . O

Many JJ B-NP
couples NNS I-NP
`` `` O
are VBP B-VP
like IN B-PP
ships NNS B-NP
passing VBG B-VP
in IN B-PP
the DT B-NP
night NN I-NP
, , O
'' '' O
a DT B-NP
communications NNS I-NP
gulf NN I-NP
that WDT B-NP
sparks VBZ B-VP
problems NNS B-NP
on IN B-PP
the DT B-NP
job NN I-NP
and CC B-PP
at IN B-PP
home NN B-NP
, , O
says VBZ B-VP
psychologist NN B-NP
Harry NNP I-NP
Levinson NNP I-NP
. . O

His PRP$ B-NP
Levinson NNP I-NP
Institute NNP I-NP
in IN B-PP
Belmont NNP B-NP
, , O
Mass. NNP B-NP
, , O
has VBZ B-VP
seen VBN I-VP
in IN B-PP
recent JJ B-NP
years NNS I-NP
a DT B-NP
doubling NN I-NP
in IN B-PP
the DT B-NP
number NN I-NP
of IN B-PP
executives NNS B-NP
and CC I-NP
spouses NNS I-NP
at IN B-PP
its PRP$ B-NP
weeklong JJ I-NP
counseling NN I-NP
program NN I-NP
. . O

Employers NNS B-NP
foot VBP B-VP
the DT B-NP
bill NN I-NP
, , O
he PRP B-NP
says VBZ B-VP
, , O
figuring VBG B-VP
what WP B-NP
's VBZ B-VP
good JJ B-ADJP
for IN B-PP
the DT B-NP
couple NN I-NP
is VBZ B-VP
good JJ B-ADJP
for IN B-PP
the DT B-NP
company NN I-NP
. . O

One CD B-NP
East NNP I-NP
Coast NNP I-NP
manufacturing NN I-NP
executive NN I-NP
, , O
faced VBN B-VP
with IN B-PP
a DT B-NP
job NN I-NP
transfer VB I-NP
his PRP$ B-NP
wife NN I-NP
resented VBD B-VP
, , O
found VBD B-VP
that DT B-SBAR
counseling NN B-NP
helped VBD B-VP
them PRP B-NP
both DT O
come JJ B-VP
to TO B-PP
grips NNS B-NP
with IN B-PP
the DT B-NP
move NN I-NP
. . O

And CC O
the DT B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
a DT B-NP
large JJ I-NP
Midwestern JJ I-NP
company NN I-NP
realized VBD B-VP
that IN B-SBAR
an DT B-NP
abrasive JJ I-NP
temperament NN I-NP
threatened VBD B-VP
his PRP$ B-NP
career NN I-NP
when WRB B-ADVP
his PRP$ B-NP
wife NN I-NP
confided VBD B-VP
that IN O
similar JJ B-NP
behavior NN I-NP
at IN B-PP
home NN B-NP
harmed VBD B-VP
their PRP$ B-NP
marriage NN I-NP
. . O

More RBR B-NP
dual-career JJ I-NP
couples NNS I-NP
also RB B-ADVP
are VBP B-VP
getting VBG I-VP
help VB B-NP
, , O
with IN B-PP
men NNS B-NP
increasingly RB B-ADVP
bringing VBG B-VP
their PRP$ B-NP
working NN I-NP
wives NNS I-NP
for IN B-PP
joint JJ B-NP
counseling NN I-NP
. . O

`` `` O
The DT B-NP
level NN I-NP
of IN B-PP
stress NN B-NP
for IN B-PP
a DT B-NP
woman NN I-NP
is VBZ B-VP
often RB B-ADVP
so RB B-ADJP
high JJ I-ADJP
, , O
it PRP B-NP
's VBZ B-VP
the DT B-NP
husband NN I-NP
who WP B-NP
says VBZ B-VP
, , O
` `` O
I PRP B-NP
'm VBP B-VP
worried VBN B-ADJP
about IN B-PP
her PRP$ B-NP
, , O
' '' O
'' '' O
says VBZ B-VP
psychologist NN B-NP
Marjorie NNP I-NP
Hansen NNP I-NP
Shaevitz NNP I-NP
. . O

Her PRP$ B-NP
Institute NNP I-NP
for IN B-PP
Family NNP B-NP
and CC I-NP
Work NN I-NP
Relationships NNPS I-NP
in IN B-PP
La NNP B-NP
Jolla NNP I-NP
, , O
Calif. NNP B-NP
, , O
has VBZ B-VP
noted VBN I-VP
a DT B-NP
doubling NN I-NP
in IN B-PP
the DT B-NP
number NN I-NP
of IN B-PP
couples NNS B-NP
seeking VBG B-VP
help VB B-NP
the DT B-NP
past JJ I-NP
two CD I-NP
years NNS I-NP
. . O

`` `` O
No DT B-ADVP
matter NN I-ADVP
how WRB B-ADJP
competent JJ I-ADJP
and CC I-ADJP
smart JJ I-ADJP
you PRP B-NP
both DT O
are VBP B-VP
, , O
the DT B-NP
relationship NN I-NP
almost RB B-ADVP
certainly RB I-ADVP
will MD B-VP
erode VB I-VP
if IN B-SBAR
you PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
time NN B-NP
to TO B-VP
talk VB I-VP
, , O
to TO B-VP
have VB I-VP
fun NN B-NP
and CC O
to TO B-VP
be VB I-VP
sexual JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
Ms. NNP B-NP
Shaevitz NNP I-NP
. . O

She PRP B-NP
urges VBZ B-VP
client NN B-NP
couples NNS I-NP
to TO B-VP
begin VB I-VP
a DT B-NP
`` `` I-NP
detoxification NN I-NP
'' '' I-NP
period NN I-NP
, , O
purging VBG B-VP
social JJ B-NP
and CC I-NP
other JJ I-NP
nonproductive JJ I-NP
activities NNS I-NP
and CC O
setting VBG B-VP
time NN B-NP
apart RB B-ADVP
for IN B-PP
themselves PRP B-NP
. . O

`` `` O
Putting VBG B-VP
those DT B-NP
times NNS I-NP
on IN B-PP
the DT B-NP
calendar NN I-NP
, , O
'' '' O
she PRP B-NP
says VBZ B-VP
, , O
`` `` O
is VBZ B-VP
as RB B-ADJP
important JJ I-ADJP
as IN B-PP
remembering VBG B-VP
business NN B-NP
appointments NNS I-NP
. . O
'' '' O

Power NNP B-NP
of IN B-PP
Suggestion NNP B-NP
Stronger JJR B-ADJP
in IN B-PP
Japan NNP B-NP

HERE NNP B-ADVP
'S VBZ B-VP
ONE CD B-NP
more JJR I-NP
explanation NN I-NP
for IN B-PP
why WRB B-ADVP
Japan NNP B-NP
is VBZ B-VP
a DT B-NP
tough JJ I-NP
industrial JJ I-NP
competitor NN I-NP
: : O
Two CD B-NP
of IN I-NP
three CD I-NP
Japanese JJ I-NP
employees NNS I-NP
submit VBP B-VP
suggestions NNS B-NP
to TO B-VP
save VB I-VP
money NN B-NP
, , O
increase NN B-VP
efficiency NN B-NP
and CC O
boost VB B-VP
morale NN B-NP
, , O
while IN B-SBAR
only RB B-NP
8 CD I-NP
% NN I-NP
of IN B-PP
American JJ B-NP
workers NNS I-NP
do VBP B-VP
. . O

And CC O
the DT B-NP
Japanese JJ I-NP
make NN B-VP
far RB B-NP
more JJR I-NP
suggestions NNS I-NP
-- : O
2,472 CD B-NP
per IN B-PP
100 CD B-NP
eligible JJ I-NP
employees NNS I-NP
vs. IN O
only RB B-NP
13 CD I-NP
per IN B-PP
100 CD B-NP
employees NNS I-NP
in IN B-PP
the DT O

Data NNS B-NP
for IN B-PP
1987 CD B-NP
from IN B-PP
the DT B-NP
National NNP I-NP
Association NNP I-NP
of IN B-PP
Suggestion NNP B-NP
Systems NNPS I-NP
and CC O
the DT B-NP
Japan NNP I-NP
Human NNP I-NP
Relations NNP I-NP
Association NNP I-NP
also RB B-ADVP
indicate VB B-VP
that IN B-SBAR
Japanese JJ B-NP
employers NNS I-NP
adopt VBP B-VP
four CD B-NP
of IN I-NP
five CD I-NP
suggestions NNS I-NP
, , O
while IN B-SBAR
their PRP$ B-NP
U.S. NNP I-NP
counterparts NNS I-NP
accept VBP B-VP
just RB B-NP
one CD I-NP
in IN I-NP
four CD I-NP
. . O

In IN B-PP
Japan NNP B-NP
, , O
small JJ B-NP
suggestions NNS I-NP
are VBP B-VP
encouraged VBN I-VP
. . O

Each DT B-NP
new JJ I-NP
employee NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
submit VB I-VP
four CD B-NP
daily JJ B-ADVP
in IN B-PP
the DT B-NP
first JJ I-NP
few JJ I-NP
months NNS I-NP
on IN B-PP
the DT B-NP
job NN I-NP
. . O

U.S. NNP B-NP
companies NNS I-NP
tend VBP B-VP
to TO I-VP
favor VB I-VP
suggestions NNS B-NP
`` `` O
that WDT B-NP
go VBP B-VP
for IN B-PP
the DT B-NP
home NN I-NP
runs VBZ I-NP
, , O
'' '' O
says VBZ B-VP
Gary NNP B-NP
Floss NNP I-NP
, , O
vice NN B-NP
president NN I-NP
of IN B-PP
corporate JJ B-NP
quality NN I-NP
at IN B-PP
Control NNP B-NP
Data NNP I-NP
Corp NNP I-NP
. . O

That DT B-NP
helps VBZ B-VP
explain VB I-VP
why WRB B-ADVP
American JJ B-NP
employers NNS I-NP
grant VBP B-VP
an DT B-NP
average JJ I-NP
award NN I-NP
of IN B-PP
$ $ B-NP
604.72 CD I-NP
per IN B-PP
suggestion NN B-NP
, , O
while IN B-SBAR
Japan NNP B-NP
's POS B-NP
payment NN I-NP
is VBZ B-VP
$ $ B-NP
3.23 CD I-NP
. . O

Still RB B-ADVP
, , O
suggestions NNS B-NP
' POS B-NP
net JJ I-NP
savings NNS I-NP
per IN B-PP
100 CD B-NP
employees NNS I-NP
is VBZ B-VP
$ $ B-NP
274,475 CD I-NP
in IN B-PP
Japan NNP B-NP
vs. IN O
$ $ B-NP
24,891 CD I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

U.S. NNP B-NP
companies NNS I-NP
developing VBG B-VP
management NN B-NP
teams NNS I-NP
are VBP B-VP
wrestling VBG I-VP
with IN B-PP
how WRB B-ADVP
to TO B-VP
handle VB I-VP
individual JJ B-NP
suggestion NN I-NP
systems NNS I-NP
. . O

Control NNP B-NP
Data NNP I-NP
, , O
for IN B-PP
one CD B-NP
, , O
plays VBZ B-VP
down RB B-PRT
its PRP$ B-NP
employee NN I-NP
suggestion NN I-NP
program NN I-NP
because IN B-SBAR
it PRP B-NP
favors VBZ B-VP
the DT B-NP
team-management NN I-NP
focus NN I-NP
. . O

Merger NNP B-NP
Fallout NNP I-NP
: : O
Beware VB B-VP
Employee NNP B-NP
Dishonesty NN I-NP

CORPORATE JJ B-NP
security NN I-NP
directors NNS I-NP
increasingly RB B-ADVP
worry VBP B-VP
that DT O
merger NN B-NP
mania NN I-NP
spawns VBZ B-VP
a DT B-NP
rise NN I-NP
in IN B-PP
employee NN B-NP
dishonesty NN I-NP
. . O

A DT B-NP
Security NNP I-NP
magazine NN I-NP
survey NN I-NP
places VBZ B-VP
the DT B-NP
effect NN I-NP
of IN B-PP
takeovers NNS B-NP
and CC I-NP
buy-outs NNS I-NP
among IN B-PP
the DT B-NP
industry NN I-NP
's POS B-NP
10 CD I-NP
biggest JJS I-NP
challenges NNS I-NP
. . O

`` `` O
If IN B-SBAR
it PRP B-NP
causes VBZ B-VP
management NN B-NP
to TO B-VP
take VB I-VP
their PRP$ B-NP
eye NN I-NP
off IN B-PP
the DT B-NP
ball NN I-NP
, , O
inventory NN B-NP
shrinkage NN I-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
affected VBN I-VP
, , O
'' '' O
says VBZ B-VP
Lewis NNP B-NP
Shealy NNP I-NP
, , O
vice NN B-NP
president NN I-NP
for IN B-PP
loss NN B-NP
prevention NN I-NP
at IN B-PP
Marshall NNP B-NP
Field NNP I-NP
's POS B-NP
, , O
the DT B-NP
department NN I-NP
store NN I-NP
chain NN I-NP
. . O

A DT B-NP
separate JJ I-NP
study NN I-NP
of IN B-PP
the DT B-NP
extent NN I-NP
of IN B-PP
employee NN B-NP
misconduct NN I-NP
linked VBD B-VP
general JJ B-NP
job NN I-NP
satisfaction NN I-NP
to TO B-PP
property NN B-NP
loss NN I-NP
. . O

Co-author NN B-NP
Richard NNP I-NP
Hollinger NNP I-NP
cites VBZ B-VP
what WP B-NP
happened VBD B-VP
at IN B-PP
one CD B-NP
family-owned JJ I-NP
company NN I-NP
absorbed VBN B-VP
by IN B-PP
a DT B-NP
foreign JJ I-NP
giant NN I-NP
. . O

Pilferage NN B-NP
climbed VBD B-VP
dramatically RB B-ADVP
as IN B-SBAR
many JJ B-NP
angry JJ I-NP
employees NNS I-NP
`` `` O
felt VBD B-VP
abandoned VBN B-ADJP
by IN B-PP
the DT B-NP
former JJ I-NP
owners NNS I-NP
, , O
'' '' O
says VBZ B-VP
the DT O
University NNP O
of IN B-PP
Florida NNP B-NP
sociologist NN B-NP
. . O

But CC O
top JJ B-NP
management NN I-NP
should MD B-VP
watch VB I-VP
for IN B-PP
other JJ B-NP
tell-tale JJ I-NP
signs NNS I-NP
of IN B-PP
employee NN B-NP
misdeeds NNS I-NP
, , O
like IN B-PP
expense-account NN B-NP
fudging NN I-NP
and CC O
phone NN B-NP
misuse NN I-NP
. . O

Security NN B-NP
consultant NN I-NP
Dennis NNP I-NP
Dalton NNP I-NP
of IN B-PP
Ventura NNP B-NP
, , O
Calif. NNP B-NP
, , O
thinks VBZ B-VP
mergers NNS B-NP
often RB B-ADVP
trigger VBP B-VP
longer RB B-NP
lunch NN I-NP
hours NNS I-NP
and CC O
increased VBN B-NP
absenteeism NN I-NP
, , O
conduct NN B-NP
which WDT B-NP
can MD B-VP
sap VB I-VP
the DT B-NP
bottom NN I-NP
line NN I-NP
more JJR B-ADVP
than IN B-PP
thefts NNS B-NP
. . O

New JJ B-NP
management NN I-NP
can MD B-VP
take VB I-VP
several JJ B-NP
steps NNS I-NP
to TO B-VP
reduce VB I-VP
dishonesty NN B-NP
. . O

Most JJS B-ADJP
important JJ I-ADJP
, , O
experts NNS B-NP
say VBP B-VP
, , O
is VBZ B-VP
to TO B-VP
show VB I-VP
that IN B-SBAR
a DT B-NP
company NN I-NP
's POS B-NP
ethical JJ I-NP
tone NN I-NP
is VBZ B-VP
set VBN I-VP
at IN B-PP
the DT B-NP
top NN I-NP
. . O

Mr. NNP B-NP
Dalton NNP I-NP
also RB B-ADVP
recommends VBZ B-VP
that IN B-SBAR
the DT B-NP
chief JJ I-NP
executive NN I-NP
establish VB B-VP
a DT B-NP
rumor NN I-NP
control NN I-NP
center NN I-NP
and CC O
move NN B-VP
swiftly RB B-ADVP
to TO B-VP
bolster VB I-VP
morale NN B-NP
. . O

Consultant NNP B-NP
John NNP I-NP
Keller NNP I-NP
of IN B-PP
Southlake NNP B-NP
, , O
Texas NNP B-NP
, , O
urges VBZ B-VP
that IN B-SBAR
top JJ B-NP
management NN I-NP
adopt VB B-VP
a DT B-NP
`` `` I-NP
tough JJ I-NP
hands-on JJ I-NP
approach NN I-NP
'' '' O
with IN B-PP
very RB B-NP
tight JJ I-NP
controls NNS I-NP
and CC I-NP
monitoring NN I-NP
. . O

And CC O
security NN B-NP
authority NN I-NP
Robert NNP I-NP
L. NNP I-NP
Duston NNP I-NP
favors VBZ B-VP
disciplining VBG I-VP
all DT B-NP
employees NNS I-NP
who WP B-NP
cheat VBP B-VP
. . O

Firms NNS B-NP
Walk VBP B-VP
Fine NNP B-NP
Line NNP I-NP
In IN B-PP
Distributing VBG B-VP
Profits NNS B-NP

ARE VBP O
CORPORATE JJ B-NP
profits NNS I-NP
distributed VBN B-VP
fairly RB B-ADVP
? . O

A DT B-NP
survey NN I-NP
by IN B-PP
Sirota NNP B-NP
, , I-NP
Alper NNP I-NP
& CC I-NP
Pfau NNP I-NP
, , O
a DT B-NP
New NNP I-NP
York NNP I-NP
consulting NN I-NP
firm NN I-NP
, , O
underscores VBZ B-VP
the DT B-NP
difficulty NN I-NP
for IN B-PP
top JJ B-NP
management NN I-NP
in IN B-PP
satisfying JJ B-VP
employees NNS B-NP
and CC I-NP
investors NNS I-NP
on IN B-PP
that DT B-NP
score NN I-NP
. . O

Nearly RB B-NP
seven CD I-NP
of IN I-NP
10 CD I-NP
investors NNS I-NP
think VBP B-VP
companies NNS B-NP
reinvest VBP B-VP
`` `` O
too RB B-NP
little JJ I-NP
'' '' O
of IN B-PP
their PRP$ B-NP
profits NNS I-NP
in IN B-PP
the DT B-NP
business NN I-NP
. . O

And CC O
half PDT B-NP
the DT I-NP
employees NNS I-NP
surveyed VBN B-VP
think VBP B-VP
companies NNS B-NP
dole VBP B-VP
out IN B-PRT
too RB B-NP
little JJ I-NP
to TO B-PP
them PRP B-NP
. . O

But CC O
both DT B-NP
see VB B-VP
a DT B-NP
common JJ I-NP
enemy NN I-NP
: : O
About IN B-NP
66 CD I-NP
% NN I-NP
of IN B-PP
employees NNS B-NP
and CC O
73 CD B-NP
% NN I-NP
of IN B-PP
investors NNS B-NP
think VBP B-VP
senior JJ B-NP
managers NNS I-NP
get VBP B-VP
too RB B-NP
big JJ I-NP
a DT I-NP
slice NN I-NP
of IN B-PP
the DT B-NP
profit NN I-NP
pie NN I-NP
. . O

Bank NNP B-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
Co. NNP I-NP
said VBD B-VP
it PRP B-NP
agreed VBD B-VP
in IN B-PP
principle NN B-NP
to TO B-VP
acquire VB I-VP
the DT B-NP
credit-card NN I-NP
business NN I-NP
of IN B-PP
Houston-based NNP B-NP
First NNP I-NP
City NNP I-NP
Bancorp. NNP I-NP
of IN B-PP
Texas NNP B-NP
for IN B-PP
between IN B-NP
$ $ I-NP
130 CD I-NP
million CD I-NP
and CC I-NP
$ $ I-NP
134 CD I-NP
million CD I-NP
. . O

The DT B-NP
move NN I-NP
, , O
subject NN B-ADJP
to TO B-PP
a DT B-NP
definitive JJ I-NP
agreement NN I-NP
, , O
is VBZ B-VP
part NN B-NP
of IN B-PP
a DT B-NP
trend NN I-NP
by IN B-PP
big-city JJ B-NP
banks NNS I-NP
that WDT B-NP
have VBP B-VP
been VBN I-VP
buying VBG I-VP
up IN B-PRT
credit-card NN B-NP
portfolios NNS I-NP
to TO B-VP
expand VB I-VP
their PRP$ B-NP
business NN I-NP
. . O

Just RB B-NP
last JJ I-NP
month NN I-NP
, , O
a DT O
Bank NNP O
of IN B-PP
New NNP B-NP
York NNP I-NP
subsidiary NN B-NP
agreed VBD B-VP
to TO I-VP
buy VB I-VP
the DT B-NP
credit-card NN I-NP
operation NN I-NP
of IN B-PP
Dreyfus NNP B-NP
Corp. NNP I-NP
's POS B-NP
Dreyfus NNP I-NP
Consumer NNP I-NP
Bank NNP I-NP
for IN B-PP
$ $ B-NP
168 CD I-NP
million CD I-NP
, , O
a DT B-NP
transaction NN I-NP
that WDT B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
completed VBN I-VP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
year NN I-NP
. . O

First NNP B-NP
City NNP I-NP
's POS B-NP
portfolio NN I-NP
includes VBZ B-VP
approximately RB B-NP
640,000 CD I-NP
accounts NNS I-NP
with IN B-PP
about RB B-NP
$ $ I-NP
550 CD I-NP
million CD I-NP
in IN B-PP
loans NNS B-NP
outstanding JJ B-ADJP
. . O

First NNP B-NP
City NNP I-NP
, , O
which WDT B-NP
issues VBZ B-VP
both DT B-NP
MasterCard NNP I-NP
and CC I-NP
Visa NNP I-NP
cards NNS I-NP
, , O
has VBZ B-VP
agreed VBN I-VP
to TO I-VP
act VB I-VP
as IN B-PP
an DT B-NP
agent NN I-NP
bank NN I-NP
. . O

At IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
Bank NNP B-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
's POS B-NP
credit-card NN I-NP
business NN I-NP
consisted VBD B-VP
of IN B-PP
2.4 CD B-NP
million CD I-NP
accounts NNS I-NP
with IN B-PP
$ $ B-NP
3.6 CD I-NP
billion CD I-NP
in IN B-PP
loans NNS B-NP
outstanding JJ B-ADJP
. . O

Bank NNP B-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
is VBZ B-VP
currently RB B-ADVP
the DT B-NP
seventh-largest JJ I-NP
issuer NN I-NP
of IN B-PP
credit NN B-NP
cards NNS I-NP
in IN B-PP
the DT O

First NNP B-NP
City NNP I-NP
said VBD B-VP
that IN B-SBAR
because IN B-PP
of IN I-PP
increased VBN B-NP
competition NN I-NP
in IN B-PP
the DT B-NP
credit-card NN I-NP
business NN I-NP
, , O
it PRP B-NP
had VBD B-VP
decided VBN I-VP
it PRP B-NP
either DT B-VP
had VBD I-VP
to TO I-VP
expand VB I-VP
its PRP$ B-NP
own JJ I-NP
holdings NNS I-NP
substantially RB B-ADVP
or CC O
sell VB B-VP
them PRP B-NP
. . O

`` `` O
We PRP B-NP
think VBP B-VP
there EX B-NP
's VBZ B-VP
a DT B-NP
good JJ I-NP
prospect NN I-NP
that DT O
competition NN B-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
get VB I-VP
pretty RB B-ADJP
fierce JJ I-ADJP
in IN B-PP
this DT B-NP
market NN I-NP
, , O
'' '' O
said VBD B-VP
James NNP B-NP
E. NNP I-NP
Day NNP I-NP
, , O
a DT B-NP
First NNP I-NP
City NNP I-NP
vice NN I-NP
president NN I-NP
. . O

`` `` O
We PRP B-NP
see VBP B-VP
it PRP B-NP
becoming VBG B-VP
a DT B-NP
bargain-basement JJ I-NP
kind NN I-NP
of IN B-PP
business NN B-NP
. . O
'' '' O

The DT B-NP
company NN I-NP
estimated VBN B-VP
that IN B-SBAR
the DT B-NP
transaction NN I-NP
would MD B-VP
enhance VB I-VP
its PRP$ B-NP
book NN I-NP
value NN I-NP
, , O
which WDT B-NP
stood VBD B-VP
at IN B-PP
$ $ B-NP
28.55 CD I-NP
a DT B-NP
share NN I-NP
on IN B-PP
Sept. NNP B-NP
30 CD I-NP
, , O
by IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
, , O
or CC O
about RB B-NP
$ $ I-NP
4 CD I-NP
a DT B-NP
share NN I-NP
. . O

The DT B-NP
company NN I-NP
also RB B-ADVP
said VBD B-VP
the DT B-NP
transaction NN I-NP
would MD B-VP
bolster VB I-VP
after-tax JJ B-NP
earnings NNS I-NP
by IN B-PP
$ $ B-NP
3.25 CD I-NP
a DT B-NP
share NN I-NP
when WRB B-ADVP
completed VBN B-VP
and CC O
boost VB B-VP
its PRP$ B-NP
primary JJ I-NP
capital NN I-NP
ratio NN I-NP
to TO B-PP
7 CD B-NP
% NN I-NP
from IN B-PP
6.63 CD B-NP
% NN I-NP
. . O

First NNP B-NP
City NNP I-NP
, , O
which WDT B-NP
recently RB B-ADVP
purchased VBN B-VP
three CD B-NP
small JJ I-NP
Texas NNP I-NP
banking NN I-NP
concerns NNS I-NP
, , O
said VBD B-VP
it PRP B-NP
would MD B-VP
use VB I-VP
the DT B-NP
proceeds NNS I-NP
to TO B-VP
pursue VB I-VP
additional JJ B-NP
expansion NN I-NP
opportunities NNS I-NP
in IN B-PP
the DT B-NP
Southwest NNP I-NP
and CC O
elsewhere RB B-ADVP
. . O

With IN B-SBAR
that DT B-NP
possibility NN I-NP
in IN B-PP
mind NN B-NP
, , O
analysts NNS B-NP
said VBD B-VP
the DT B-NP
transaction NN I-NP
was VBD B-VP
a DT B-NP
positive JJ I-NP
move NN I-NP
for IN B-PP
First NNP B-NP
City NNP I-NP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
they PRP B-NP
'll MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
move VB I-VP
faster RBR B-ADVP
to TO B-VP
make VB I-VP
acquisitions NNS B-NP
in IN B-PP
Texas NNP B-NP
, , O
'' '' O
said VBD B-VP
Brent NNP B-NP
Erensel NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Donaldson NNP B-NP
, , I-NP
Lufkin NNP I-NP
& CC I-NP
Jenrette NNP I-NP
. . O

`` `` O
That DT B-NP
's VBZ B-VP
something NN B-NP
they PRP B-NP
can MD B-VP
do VB I-VP
very RB B-ADVP
well RB I-ADVP
. . O

British JJ B-NP
Airways NNP I-NP
PLC NNP I-NP
said VBD B-VP
it PRP B-NP
is VBZ B-VP
seeking VBG I-VP
improved VBN B-NP
terms NNS I-NP
and CC O
a DT B-NP
sharply RB I-NP
lower JJR I-NP
price NN I-NP
in IN B-PP
any DT B-NP
revised VBN I-NP
bid NN I-NP
for IN B-PP
United NNP B-NP
Airlines NNPS I-NP
parent NN I-NP
UAL NNP B-NP
Corp. NNP I-NP
following VBG B-PP
the DT B-NP
collapse NN I-NP
of IN B-PP
a DT B-NP
$ $ I-NP
6.79 CD I-NP
billion CD I-NP
, , I-NP
$ $ I-NP
300-a-share JJ I-NP
buy-out NN I-NP
bid NN I-NP
. . O

Derek NNP B-NP
Stevens NNP I-NP
, , O
British NNP B-NP
Air NNP I-NP
's POS B-NP
chief JJ I-NP
financial JJ I-NP
officer NN I-NP
, , O
told VBD B-VP
Dow NNP B-NP
Jones NNP I-NP
Professional NNP I-NP
Investor NNP I-NP
Report NNP I-NP
a DT B-NP
price NN I-NP
of IN B-PP
$ $ B-NP
230 CD I-NP
a DT B-NP
share NN I-NP
is VBZ B-VP
`` `` O
certainly RB B-ADVP
not RB O
too RB B-ADJP
low JJ I-ADJP
, , O
'' '' O
and CC O
indicated VBD B-VP
his PRP$ B-NP
company NN I-NP
would MD B-VP
like VB I-VP
to TO I-VP
reduce VB I-VP
the DT B-NP
size NN I-NP
of IN B-PP
its PRP$ B-NP
$ $ I-NP
750 CD I-NP
million CD I-NP
cash NN I-NP
investment NN I-NP
. . O

He PRP B-NP
added VBD B-VP
the DT B-NP
airline NN I-NP
is VBZ B-VP
n't RB I-VP
committed VBN I-VP
to TO B-PP
going VBG B-VP
forward RB B-ADVP
with IN B-PP
any DT B-NP
new JJ I-NP
bid NN I-NP
, , O
and CC O
has VBZ B-VP
n't RB I-VP
participated VBN I-VP
in IN B-PP
bankers NNS B-NP
' POS B-NP
efforts NNS I-NP
to TO B-VP
revive VB I-VP
the DT B-NP
transaction NN I-NP
that WDT B-NP
collapsed VBD B-VP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
in IN B-PP
no DT B-NP
way NN I-NP
committed VBN B-VP
to TO B-PP
a DT B-NP
deal NN I-NP
going VBG B-VP
through IN B-ADVP
at IN B-ADVP
all DT I-ADVP
. . O

We PRP B-NP
're VBP B-VP
not RB I-VP
rushing VBG I-VP
into IN B-PP
anything NN B-NP
. . O

We PRP B-NP
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
be VB I-VP
party NN B-NP
to TO B-PP
a DT B-NP
second JJ I-NP
rejection NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
, , O
adding VBG B-VP
that IN B-SBAR
coming VBG B-VP
up IN B-PRT
with IN B-PP
a DT B-NP
revised VBN I-NP
offer NN I-NP
could MD B-VP
easily RB I-VP
take VB I-VP
several JJ B-NP
weeks NNS I-NP
. . O

Mr. NNP B-NP
Stevens NNP I-NP
's POS B-NP
remarks NNS I-NP
, , O
confirming VBG B-VP
a DT B-NP
report NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
that IN B-SBAR
British NNP B-NP
Air NNP I-NP
wants VBZ B-VP
to TO I-VP
start VB I-VP
from IN B-PP
scratch NN B-NP
in IN B-PP
any DT B-NP
new JJ I-NP
bid NN I-NP
for IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
second-largest JJ I-NP
airline NN I-NP
, , O
helped VBD B-VP
push VB I-VP
UAL NNP B-NP
stock NN I-NP
lower JJR B-ADVP
for IN B-PP
the DT B-NP
fourth JJ I-NP
straight JJ I-NP
day NN I-NP
. . O

UAL NNP B-NP
fell VBD B-VP
$ $ B-NP
6.25 CD I-NP
a DT B-NP
share NN I-NP
to TO B-PP
$ $ B-NP
191.75 CD I-NP
on IN B-PP
volume NN B-NP
of IN B-PP
2.3 CD B-NP
million CD I-NP
shares NNS I-NP
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
as IN B-SBAR
concern NN B-NP
deepened VBD B-VP
among IN B-PP
takeover NN B-NP
stock NN I-NP
traders NNS I-NP
about IN B-PP
the DT B-NP
length NN I-NP
of IN B-PP
time NN B-NP
it PRP B-NP
will MD B-VP
take VB I-VP
to TO B-VP
revive VB I-VP
the DT B-NP
purchase NN I-NP
. . O

Under IN B-PP
the DT B-NP
original JJ I-NP
buy-out NN I-NP
approved VBN B-VP
by IN B-PP
the DT B-NP
UAL NNP I-NP
board NN I-NP
Sept. NNP B-NP
14 CD I-NP
, , O
UAL NNP B-NP
's POS B-NP
pilots NNS I-NP
planned VBN B-VP
to TO I-VP
put VB I-VP
up IN B-PRT
$ $ B-NP
200 CD I-NP
million CD I-NP
in IN B-PP
cash NN B-NP
and CC O
make VB B-VP
$ $ B-NP
200 CD I-NP
million CD I-NP
in IN B-PP
annual JJ B-NP
cost NN I-NP
concessions NNS I-NP
for IN B-PP
a DT B-NP
75 CD I-NP
% NN I-NP
stake NN I-NP
. . O

UAL NNP B-NP
management NN I-NP
was VBD B-VP
to TO I-VP
pay VB I-VP
$ $ B-NP
15 CD I-NP
million CD I-NP
for IN B-PP
10 CD B-NP
% NN I-NP
, , O
and CC O
British NNP B-NP
Air NNP I-NP
was VBD B-VP
to TO I-VP
receive VB I-VP
a DT B-NP
15 CD I-NP
% NN I-NP
stake NN I-NP
. . O

The DT B-NP
buy-out NN I-NP
fell VBD B-VP
through IN B-ADVP
when WRB B-ADVP
Citicorp NNP B-NP
and CC O
Chase NNP B-NP
Manhattan NNP I-NP
Corp. NNP I-NP
unexpectedly RB B-ADVP
failed VBD B-VP
to TO I-VP
obtain VB I-VP
bank NN B-NP
financing NN I-NP
. . O

Since IN B-PP
then RB B-NP
, , O
UAL NNP B-NP
stock NN I-NP
has VBZ B-VP
fallen VBN I-VP
33 CD B-NP
% NN I-NP
in IN B-PP
what WP B-NP
may MD B-VP
rank VB I-VP
as IN B-PP
the DT B-NP
largest JJS I-NP
collapse NN I-NP
of IN B-PP
a DT B-NP
takeover NN I-NP
stock NN I-NP
ever RB B-ADVP
. . O

The DT B-NP
tenor NN I-NP
of IN B-PP
Mr. NNP B-NP
Stevens NNP I-NP
's POS B-NP
remarks NNS I-NP
seemed VBD B-VP
to TO I-VP
indicate VB I-VP
that IN B-SBAR
British NNP B-NP
Air NNP I-NP
will MD B-VP
take VB I-VP
a DT B-NP
more RBR I-NP
active JJ I-NP
, , I-NP
high-profile JJ I-NP
role NN I-NP
in IN B-PP
pursuing VBG B-VP
any DT B-NP
new JJ I-NP
bid NN I-NP
. . O

He PRP B-NP
said VBD B-VP
he PRP B-NP
believes VBZ B-VP
UAL NNP B-NP
management NN I-NP
was VBD B-VP
badly RB I-VP
advised VBN I-VP
on IN B-PP
the DT B-NP
funding NN I-NP
of IN B-PP
its PRP$ B-NP
original JJ I-NP
transaction NN I-NP
. . O

Mr. NNP B-NP
Stevens NNP I-NP
said VBD B-VP
British NNP B-NP
Air NNP I-NP
has VBZ B-VP
n't RB I-VP
received VBN I-VP
any DT B-NP
new JJ I-NP
buy-out NN I-NP
proposals NNS I-NP
from IN B-PP
the DT B-NP
labor-management JJ I-NP
group NN I-NP
, , O
led VBN B-VP
by IN B-PP
UAL NNP B-NP
Chairman NNP I-NP
Stephen NNP I-NP
Wolf NNP I-NP
, , O
and CC O
has VBZ B-VP
n't RB I-VP
received VBN I-VP
any DT B-NP
indication NN I-NP
of IN B-PP
when WRB B-ADVP
one PRP B-NP
might MD B-VP
be VB I-VP
forthcoming JJ B-ADJP
. . O

`` `` O
As RB B-ADVP
far RB I-ADVP
as IN B-SBAR
we PRP B-NP
're VBP B-VP
concerned VBN B-ADJP
, , O
we PRP B-NP
're VBP B-VP
waiting VBG I-VP
for IN B-SBAR
the DT B-NP
dust NN I-NP
to TO B-VP
settle VB I-VP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Although IN B-SBAR
British NNP B-NP
Air NNP I-NP
is VBZ B-VP
waiting VBG I-VP
to TO I-VP
see VB I-VP
what WP B-NP
the DT B-NP
buy-out NN I-NP
group NN I-NP
comes VBZ B-VP
up IN B-PRT
with IN B-PP
, , O
Mr. NNP B-NP
Stevens NNP I-NP
said VBD B-VP
a DT B-NP
revised VBN I-NP
transaction NN I-NP
with IN B-PP
less JJR B-NP
debt NN I-NP
leverage NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
more RBR B-ADJP
attractive JJ I-ADJP
to TO B-PP
banks NNS B-NP
. . O

He PRP B-NP
said VBD B-VP
the DT B-NP
original JJ I-NP
proposal NN I-NP
is VBZ B-VP
dead JJ B-ADJP
, , O
and CC O
all DT B-NP
aspects NNS I-NP
of IN B-PP
a DT B-NP
revised VBN I-NP
version NN I-NP
are VBP B-VP
up IN B-ADVP
for IN B-PP
change NN B-NP
, , O
in IN B-PP
light NN B-NP
of IN B-PP
the DT B-NP
changes NNS I-NP
in IN B-PP
UAL NNP B-NP
's POS B-NP
market NN I-NP
price NN I-NP
, , O
the DT B-NP
amount NN I-NP
of IN B-PP
debt NN B-NP
banks NNS B-NP
are VBP B-VP
willing JJ B-ADJP
to TO B-VP
fund VB I-VP
, , O
and CC O
the DT B-NP
price NN I-NP
British NNP B-NP
Air NNP I-NP
would MD B-VP
be VB I-VP
willing JJ B-ADJP
to TO B-VP
pay VB I-VP
. . O

Mr. NNP B-NP
Stevens NNP I-NP
said VBD B-VP
he PRP B-NP
expects VBZ B-VP
the DT B-NP
new JJ I-NP
price NN I-NP
will MD B-VP
be VB I-VP
considerably RB B-ADJP
lower JJR I-ADJP
, , O
but CC O
declined VBD B-VP
to TO I-VP
specify VB I-VP
a DT B-NP
figure NN I-NP
. . O

Asked VBN B-VP
whether IN B-SBAR
a DT B-NP
$ $ I-NP
230-a-share JJ I-NP
figure NN I-NP
circulating VBG B-VP
in IN B-PP
the DT B-NP
market NN I-NP
yesterday NN B-NP
is VBZ B-VP
too RB B-ADJP
low JJ I-ADJP
, , O
he PRP B-NP
said VBD B-VP
, , O
`` `` O
It PRP B-NP
's VBZ B-VP
certainly RB B-ADVP
not RB O
too RB B-ADJP
low JJ I-ADJP
. . O
'' '' O

He PRP B-NP
added VBD B-VP
the DT B-NP
original JJ I-NP
offer NN I-NP
was VBD B-VP
`` `` O
a DT B-NP
pretty RB I-NP
full JJ I-NP
price NN I-NP
, , O
'' '' O
and CC O
that IN B-SBAR
British NNP B-NP
Air NNP I-NP
's POS B-NP
contribution NN I-NP
`` `` O
was VBD B-VP
quite RB B-NP
a DT I-NP
large JJ I-NP
chunk NN I-NP
for IN B-PP
us PRP B-NP
. . O
'' '' O

British NNP B-NP
Air NNP I-NP
was VBD B-VP
originally RB I-VP
attracted VBN I-VP
to TO B-PP
the DT B-NP
chance NN I-NP
of IN B-PP
obtaining VBG B-VP
a DT B-NP
15 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
, , O
but CC O
was VBD B-VP
n't RB O
particularly RB B-ADJP
happy JJ I-ADJP
with IN B-PP
paying VBG B-VP
$ $ B-NP
750 CD I-NP
million CD I-NP
. . O

`` `` O
If IN B-SBAR
the DT B-NP
-LCB- ( O
new JJ O
-RCB- ) O
deal NN B-NP
had VBD B-VP
us PRP B-NP
putting VBG B-VP
up IN B-PRT
less JJR B-NP
money NN I-NP
but CC O
still RB B-VP
having VBG I-VP
15 CD B-NP
% NN I-NP
, , O
that WDT B-NP
would MD B-VP
be VB I-VP
a DT B-NP
point NN I-NP
in IN B-PP
our PRP$ B-NP
favor NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

In IN B-PP
any DT B-NP
new JJ I-NP
proposal NN I-NP
, , O
British NNP B-NP
Air NNP I-NP
would MD B-VP
expect VB I-VP
a DT B-NP
greater JJR I-NP
rate NN I-NP
of IN B-PP
return NN B-NP
than IN B-PP
the DT B-NP
20%-plus NN I-NP
in IN B-PP
the DT B-NP
original JJ I-NP
proposal NN I-NP
. . O

In IN B-PP
the DT B-NP
event NN I-NP
that IN B-SBAR
the DT B-NP
buy-out NN I-NP
group NN I-NP
stalls NNS B-VP
in IN B-PP
reviving VBG B-VP
its PRP$ B-NP
bid NN I-NP
, , O
the DT B-NP
UAL NNP I-NP
board NN I-NP
could MD B-VP
remain VB I-VP
under IN B-PP
some DT B-NP
pressure NN I-NP
to TO B-VP
seek VB I-VP
another DT B-NP
transaction NN I-NP
, , O
even RB B-ADVP
without IN B-PP
any DT B-NP
legal JJ I-NP
obligation NN I-NP
to TO B-VP
do VB I-VP
so RB B-ADVP
. . O

Roughly RB B-NP
one-third NN I-NP
of IN B-PP
its PRP$ B-NP
stock NN I-NP
is VBZ B-VP
believed VBN I-VP
held VBN I-VP
by IN B-PP
takeover NN B-NP
stock NN I-NP
traders NNS I-NP
, , O
who WP B-NP
could MD B-VP
vote VB I-VP
to TO I-VP
oust VB I-VP
the DT B-NP
board NN I-NP
if IN B-SBAR
they PRP B-NP
become VBP B-VP
impatient JJ B-NP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
buy-out NN I-NP
group NN I-NP
's POS B-NP
task NN I-NP
of IN B-PP
holding VBG B-VP
its PRP$ B-NP
fragile JJ I-NP
coalition NN I-NP
together RB B-ADVP
, , O
in IN B-PP
the DT B-NP
face NN I-NP
of IN B-PP
the DT B-NP
bid NN I-NP
's POS B-NP
collapse NN I-NP
and CC O
internal JJ B-NP
opposition NN I-NP
from IN B-PP
two CD B-NP
other JJ I-NP
employee NN I-NP
groups NNS I-NP
, , O
has VBZ B-VP
been VBN I-VP
further RB I-VP
complicated VBN I-VP
by IN B-PP
an DT B-NP
apparent JJ I-NP
rift NN I-NP
in IN B-PP
the DT B-NP
ranks NNS I-NP
of IN B-PP
the DT B-NP
pilot NN I-NP
union NN I-NP
itself PRP B-NP
. . O

A DT B-NP
pilot NN I-NP
representing VBG B-VP
a DT B-NP
group NN I-NP
of IN B-PP
220 CD B-NP
pilots NNS I-NP
hired VBN B-VP
during IN B-PP
United NNP B-NP
's POS B-NP
1985 CD I-NP
strike NN I-NP
filed VBD B-VP
suit NN B-NP
Friday NNP B-NP
in IN B-PP
Chicago NNP B-NP
federal JJ I-NP
court NN I-NP
to TO B-VP
block VB I-VP
the DT B-NP
takeover NN I-NP
. . O

The DT B-NP
dissident JJ I-NP
pilots NNS I-NP
oppose VBP B-VP
the DT B-NP
plan NN I-NP
because IN B-SBAR
it PRP B-NP
would MD B-VP
cause VB I-VP
them PRP B-NP
to TO B-VP
lose VB I-VP
their PRP$ B-NP
seniority NN I-NP
. . O

UAL NNP B-NP
's POS B-NP
management NN I-NP
agreed VBD B-VP
to TO I-VP
reduce VB I-VP
the DT B-NP
seniority NN I-NP
of IN B-PP
those DT B-NP
pilots NNS I-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
the DT B-NP
support NN I-NP
of IN B-PP
the DT B-NP
United NNP I-NP
pilot NN I-NP
union NN I-NP
for IN B-PP
the DT B-NP
buy-out NN I-NP
proposal NN I-NP
. . O

The DT B-NP
220 CD I-NP
pilots NNS I-NP
involved VBN B-VP
in IN B-PP
the DT B-NP
suit NN I-NP
are VBP B-VP
n't RB O
members NNS B-NP
of IN B-PP
the DT B-NP
union NN I-NP
. . O

The DT B-NP
airline NN I-NP
had VBD B-VP
allowed VBN I-VP
them PRP B-NP
to TO B-VP
move VB I-VP
ahead RB B-ADVP
of IN B-PP
some DT B-NP
union NN I-NP
members NNS I-NP
in IN B-PP
seniority NN B-NP
following VBG B-PP
the DT B-NP
1985 CD I-NP
strike NN I-NP
, , O
a DT B-NP
move NN I-NP
the DT B-NP
union NN I-NP
had VBD B-VP
contested VBN I-VP
in IN B-PP
a DT B-NP
previous JJ I-NP
lawsuit NN I-NP
. . O

Judith NNP B-NP
Valente NNP I-NP
contributed VBD B-VP
to TO B-PP
this DT B-NP
article NN I-NP
. . O

Corporate JJ B-NP
efforts NNS I-NP
to TO B-VP
control VB I-VP
health-care NN B-NP
costs NNS I-NP
by IN B-PP
requiring VBG B-VP
evaluations NNS B-NP
prior RB B-PP
to TO I-PP
planned VBN B-NP
hospitalization NN I-NP
and CC I-NP
surgery NN I-NP
have VBP B-VP
n't RB I-VP
been VBN I-VP
sweeping VBG B-ADJP
enough RB I-ADJP
to TO B-VP
reduce VB I-VP
the DT B-NP
long-term JJ I-NP
rate NN I-NP
of IN B-PP
cost NN B-NP
increases NNS I-NP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
study NN I-NP
by IN B-PP
the DT B-NP
Institute NNP I-NP
of IN B-PP
Medicine NNP B-NP
. . O

In IN B-PP
the DT B-NP
last JJ I-NP
decade NN I-NP
, , O
many JJ B-NP
corporations NNS I-NP
have VBP B-VP
embraced VBN I-VP
the DT B-NP
`` `` I-NP
utilization NN I-NP
management NN I-NP
'' '' I-NP
cost NN I-NP
containment NN I-NP
strategy NN I-NP
as IN B-PP
a DT B-NP
way NN I-NP
to TO B-VP
control VB I-VP
health-care NN B-NP
costs NNS I-NP
for IN B-PP
employees NNS B-NP
. . O

These DT B-NP
programs NNS I-NP
vary VBP B-VP
widely RB B-ADVP
, , O
but CC O
often RB B-VP
require VB I-VP
second JJ B-NP
opinions NNS I-NP
on IN B-PP
proposed VBN B-NP
surgery NN I-NP
, , O
preadmission NN B-NP
reviews NNS I-NP
of IN B-PP
elective JJ B-NP
hospitalizations NNS I-NP
and CC O
reviews NNS B-NP
of IN B-PP
treatment NN B-NP
during IN B-PP
illnesses NNS B-NP
or CC O
recovery NN B-NP
periods NNS I-NP
. . O

Between IN B-NP
50 CD I-NP
% NN I-NP
and CC I-NP
75 CD I-NP
% NN I-NP
of IN B-PP
today NN B-NP
's POS B-NP
workers NNS I-NP
are VBP B-VP
covered VBN I-VP
by IN B-PP
such JJ B-NP
plans NNS I-NP
, , O
up IN B-ADVP
from IN B-PP
5 NN B-NP
% NN I-NP
five CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O

`` `` O
Although IN B-SBAR
it PRP B-NP
probably RB B-ADVP
has VBZ B-VP
reduced VBN I-VP
the DT B-NP
level NN I-NP
of IN B-PP
expenditures NNS B-NP
for IN B-PP
some DT B-NP
purchasers NNS I-NP
, , O
utilization NN B-NP
management NN I-NP
-- : O
like IN B-PP
most RBS B-NP
other JJ I-NP
cost NN I-NP
containment NN I-NP
strategies NNS I-NP
-- : O
does VBZ B-VP
n't RB I-VP
appear VB I-VP
to TO I-VP
have VB I-VP
altered VBN I-VP
the DT B-NP
long-term JJ I-NP
rate NN I-NP
of IN B-PP
increase NN B-NP
in IN B-PP
health-care NN B-NP
costs NNS I-NP
, , O
'' '' O
the DT B-NP
Institute NNP I-NP
of IN B-PP
Medicine NNP B-NP
, , O
an DT B-NP
affiliate NN I-NP
of IN B-PP
the DT B-NP
National NNP I-NP
Academy NNP I-NP
of IN B-PP
Sciences NNPS B-NP
, , O
concluded VBD B-VP
after IN B-PP
a DT B-NP
two-year JJ I-NP
study NN I-NP
. . O

`` `` O
Employers NNS B-NP
who WP B-NP
saw VBD B-VP
a DT B-NP
short-term JJ I-NP
moderation NN I-NP
in IN B-PP
benefit NN B-NP
expenditures NNS I-NP
are VBP B-VP
seeing VBG I-VP
a DT B-NP
return NN I-NP
to TO B-PP
previous JJ B-NP
trends NNS I-NP
. . O
'' '' O

While IN B-SBAR
utilization NN B-NP
management NN I-NP
frequently RB B-ADVP
reduces VBZ B-VP
hospitalization NN B-NP
costs NNS I-NP
, , O
these DT B-NP
savings NNS I-NP
are VBP B-VP
often RB I-VP
offset VB I-VP
by IN B-PP
increases NNS B-NP
in IN B-PP
outpatient NN B-NP
services NNS I-NP
and CC O
higher JJR B-NP
administrative JJ I-NP
costs NNS I-NP
, , O
according VBG B-PP
to TO B-PP
the DT B-NP
report NN I-NP
by IN B-PP
a DT B-NP
panel NN I-NP
of IN B-PP
health-care NN B-NP
experts NNS I-NP
. . O

The DT B-NP
report NN I-NP
suggested VBD B-VP
that IN O
current JJ B-NP
review NN I-NP
programs NNS I-NP
are VBP B-VP
too RB B-ADJP
narrow JJ I-ADJP
. . O

`` `` O
The DT B-NP
unnecessary JJ I-NP
and CC I-NP
inappropriate JJ I-NP
use NN I-NP
of IN B-PP
the DT B-NP
hospital NN I-NP
, , B-NP
and CC I-NP
not RB I-NP
the DT B-NP
actual JJ I-NP
need NN I-NP
for IN B-PP
a DT B-NP
particular JJ I-NP
procedure NN I-NP
, , O
has VBZ B-VP
been VBN I-VP
the DT B-NP
main JJ I-NP
focus NN I-NP
, , O
'' '' O
the DT B-NP
panel NN I-NP
said VBD B-VP
. . O

`` `` O
As IN B-PP
a DT B-NP
general JJ I-NP
rule NN I-NP
, , O
prior-review JJ B-NP
programs NNS I-NP
have VBP B-VP
not RB I-VP
made VBN I-VP
case-by-case JJ B-NP
assessments NNS I-NP
of IN B-PP
the DT B-NP
comparative JJ I-NP
costs NNS I-NP
of IN B-PP
alternative NN B-NP
treatments NNS I-NP
or CC I-NP
sites NNS I-NP
of IN B-PP
care NN B-NP
. . O
'' '' O

The DT B-NP
report NN I-NP
said VBD B-VP
that DT O
utilization NN B-NP
management NN I-NP
should MD B-VP
have VB I-VP
more JJR B-NP
of IN B-PP
an DT B-NP
impact NN I-NP
as IN B-SBAR
federal JJ B-NP
research NN I-NP
on IN B-PP
the DT B-NP
effectiveness NN I-NP
of IN B-PP
medical JJ B-NP
treatments NNS I-NP
helps VBZ B-VP
lead VBN I-VP
to TO B-PP
medical JJ B-NP
practice NN I-NP
guidelines NNS I-NP
. . O

Howard NNP B-NP
Bailit NNP I-NP
, , O
a DT B-NP
panel NN I-NP
member NN I-NP
and CC O
a DT B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
Aetna NNP B-NP
Life NNP I-NP
& CC I-NP
Casualty NNP I-NP
, , O
said VBD B-VP
that DT O
utilization NN B-NP
management NN I-NP
will MD B-VP
also RB I-VP
do VB I-VP
a DT B-NP
better JJR I-NP
job NN I-NP
of IN B-PP
containing VBG B-VP
costs NNS B-NP
as IN B-SBAR
it PRP B-NP
spreads VBZ B-VP
to TO I-VP
cover VB I-VP
medical JJ B-NP
services NNS I-NP
delivered VBN B-VP
outside IN B-ADVP
of IN B-PP
hospitals NNS B-NP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
pretty RB B-NP
good JJ I-NP
evidence NN I-NP
that DT O
utilization NN B-NP
management NN I-NP
has VBZ B-VP
reduced VBN I-VP
inappropriate JJ B-NP
hospitalization NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

But CC O
at IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
spending NN B-NP
on IN B-PP
physician NN B-NP
services NNS I-NP
and CC O
ambulatory JJ B-NP
care NN I-NP
have VBP B-VP
mushroomed VBN I-VP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
like IN B-PP
squeezing VBG B-VP
a DT B-NP
balloon NN I-NP
, , O
'' '' O
Dr. NNP B-NP
Bailit NNP I-NP
said VBD B-VP
. . O

David NNP B-NP
Rahill NNP I-NP
of IN B-PP
A. NNP B-NP
Foster NNP I-NP
Higgins NNP I-NP
& CC I-NP
Co. NNP I-NP
said VBD B-VP
that IN B-SBAR
clients NNS B-NP
of IN B-PP
his PRP$ B-NP
consulting NN I-NP
firm NN I-NP
report NN B-VP
that DT O
utilization NN B-NP
management NN I-NP
reduces VBZ B-VP
their PRP$ B-NP
hospital NN I-NP
care NN I-NP
bills NNS I-NP
by IN B-PP
about IN B-NP
5 NN I-NP
% NN I-NP
, , O
but CC O
he PRP B-NP
agreed VBD B-VP
that IN B-SBAR
for IN B-PP
the DT B-NP
health-care NN I-NP
system NN I-NP
as IN B-PP
whole JJ B-ADJP
, , O
some DT B-NP
of IN B-PP
these DT B-NP
savings NNS I-NP
are VBP B-VP
offset VB I-VP
by IN B-PP
administrative JJ O
and CC O
outpatient NN B-NP
care NN I-NP
costs NNS B-NP
. . O

Jerome NNP B-NP
Grossman NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
panel NN I-NP
, , O
agrees VBZ B-VP
that IN B-SBAR
administrative JJ B-NP
costs NNS I-NP
of IN B-PP
utilization NN B-NP
management NN I-NP
programs NNS I-NP
can MD B-VP
be VB I-VP
high JJ B-ADJP
. . O

`` `` O
You PRP B-NP
have VBP B-VP
a DT B-NP
whole JJ I-NP
staff NN I-NP
standing VBG B-VP
ready JJ B-ADJP
'' '' O
to TO B-VP
evaluate VB I-VP
the DT B-NP
appropriateness NN I-NP
of IN B-PP
recommended VBN B-NP
treatment NN I-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

Dr. NNP B-NP
Grossman NNP I-NP
, , O
who WP B-NP
also RB B-ADVP
is VBZ B-VP
president NN B-NP
of IN B-PP
New NNP B-NP
England NNP I-NP
Medical NNP I-NP
Center NNP I-NP
Hospitals NNS I-NP
in IN B-PP
Boston NNP B-NP
, , O
noted VBD B-VP
that IN B-SBAR
the DT B-NP
hospitals NNS I-NP
he PRP B-NP
runs VBZ B-VP
deal NN B-VP
with IN B-PP
more JJR B-NP
than IN I-NP
100 CD I-NP
utilization NN I-NP
management NN I-NP
firms NNS I-NP
and CC O
that IN B-SBAR
many NN B-NP
of IN B-PP
them PRP B-NP
have VBP B-VP
different JJ B-NP
procedures NNS I-NP
and CC I-NP
requirements NNS I-NP
. . O

The DT B-NP
panel NN I-NP
urged VBD B-VP
greater JJR B-NP
efforts NNS I-NP
to TO B-VP
reduce VB I-VP
the DT B-NP
complexity NN I-NP
, , I-NP
paperwork NN I-NP
and CC I-NP
cost NN I-NP
of IN B-PP
utilization NN B-NP
review NN I-NP
. . O

`` `` O
Utilization NN B-NP
management NN I-NP
needs VBZ B-VP
to TO I-VP
better JJR I-VP
demonstrate VB I-VP
that IN B-SBAR
it PRP B-NP
reduces VBZ B-VP
the DT B-NP
wasteful JJ I-NP
use NN I-NP
of IN B-PP
resources NNS B-NP
, , O
improves VBZ B-VP
the DT B-NP
appropriateness NN I-NP
of IN B-PP
patient NN B-NP
care NN I-NP
and CC O
imposes VBZ B-VP
only RB B-ADVP
reasonable JJ B-NP
burdens NNS I-NP
on IN B-PP
patients NNS B-NP
and CC I-NP
providers NNS I-NP
, , O
'' '' O
the DT B-NP
panel NN I-NP
concluded VBD B-VP
. . O

Renault NNP B-NP
and CC O
DAF NNP B-NP
Trucks NNS I-NP
NV NNP I-NP
announced VBD B-VP
a DT B-NP
preliminary JJ I-NP
agreement NN I-NP
to TO B-VP
jointly RB I-VP
manufacture VB I-VP
a DT B-NP
line NN I-NP
of IN B-PP
trucks NNS B-NP
in IN B-PP
Britain NNP B-NP
and CC I-NP
France NNP I-NP
. . O

Philippe NNP B-NP
Gras NNP I-NP
, , O
a DT B-NP
Renault NNP I-NP
managing VBG I-NP
director NN I-NP
, , O
said VBD B-VP
the DT B-NP
new JJ I-NP
line NN I-NP
will MD B-VP
cover VB I-VP
trucks NNS B-NP
of IN B-PP
between IN B-PP
2.5 CD B-NP
tons NNS I-NP
and CC O
4.2 CD B-NP
tons NNS I-NP
and CC O
will MD B-VP
be VB I-VP
built VBN I-VP
at IN B-PP
Renault NNP B-NP
's POS B-NP
Bapilly NNP I-NP
plant NN I-NP
in IN B-PP
France NNP B-NP
and CC B-PP
at IN B-PP
DAF NNP B-NP
's POS B-NP
British JJ I-NP
plant NN I-NP
. . O

The DT B-NP
French JJ I-NP
state-controlled JJ I-NP
auto NN I-NP
group NN I-NP
and CC O
the DT B-NP
Dutch JJ I-NP
truck NN I-NP
maker NN I-NP
plan NN B-VP
to TO I-VP
incorporate VB I-VP
the DT B-NP
new JJ I-NP
trucks NNS I-NP
into IN B-PP
their PRP$ B-NP
product NN I-NP
lines NNS I-NP
when WRB B-ADVP
they PRP B-NP
begin VBP B-VP
production NN B-NP
toward IN B-PP
the DT B-NP
middle NN I-NP
of IN B-PP
the DT B-NP
1990s CD I-NP
. . O

Mr. NNP B-NP
Gras NNP I-NP
said VBD B-VP
he PRP B-NP
expects VBZ B-VP
a DT B-NP
definitive JJ I-NP
agreement NN I-NP
between IN B-PP
the DT B-NP
two CD I-NP
companies NNS I-NP
to TO B-VP
be VB I-VP
completed VBN I-VP
in IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
months NNS I-NP
. . O

The DT B-NP
venture NN I-NP
is VBZ B-VP
the DT B-NP
latest JJS I-NP
example NN I-NP
of IN B-PP
the DT B-NP
trend NN I-NP
toward IN B-PP
cooperative JJ B-NP
projects NNS I-NP
in IN B-PP
Europe NNP B-NP
ahead RB B-ADVP
of IN B-PP
the DT B-NP
1992 CD I-NP
deadline NN I-NP
for IN B-PP
eliminating VBG B-VP
trade NN B-NP
barriers NNS I-NP
within IN B-PP
the DT B-NP
European NNP I-NP
Community NNP I-NP
. . O

Renault NNP B-NP
and CC I-NP
DAF NNP I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
invest VB I-VP
a DT B-NP
total NN I-NP
of IN B-PP
about IN B-NP
three CD I-NP
billion CD I-NP
French JJ I-NP
francs NNS I-NP
-LRB- ( O
$ $ B-NP
157.8 CD I-NP
million CD I-NP
-RRB- ) O
in IN B-PP
the DT B-NP
venture NN I-NP
, , O
including VBG B-PP
FFr NNP B-NP
1 CD I-NP
billion CD I-NP
for IN B-PP
design NN B-NP
and CC I-NP
development NN I-NP
costs NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
the DT B-NP
companies NNS I-NP
will MD B-VP
each DT O
spend VB B-VP
about IN B-NP
FFr NNP I-NP
1 CD I-NP
billion CD I-NP
on IN B-PP
tooling VBG B-VP
up IN B-PRT
their PRP$ B-NP
plants NNS I-NP
. . O

Mr. NNP B-NP
Gras NNP I-NP
said VBD B-VP
the DT B-NP
joint JJ I-NP
venture NN I-NP
represents VBZ B-VP
considerable JJ B-NP
savings NNS I-NP
for IN B-PP
both DT B-NP
Renault NNP I-NP
and CC I-NP
DAF NNP I-NP
, , O
since IN B-SBAR
both DT B-NP
companies NNS I-NP
would MD B-VP
in IN B-PP
any DT B-NP
case NN I-NP
have VBP B-VP
had VBN I-VP
to TO I-VP
renew VB I-VP
their PRP$ B-NP
existing VBG I-NP
ranges NNS I-NP
of IN B-PP
light NN B-NP
goods NNS I-NP
vehicles NNS I-NP
. . O

By IN B-PP
pooling VBG B-VP
their PRP$ B-NP
resources NNS I-NP
, , O
the DT B-NP
two CD I-NP
groups NNS I-NP
have VBP B-VP
effectively RB I-VP
halved VBN I-VP
the DT B-NP
design NN I-NP
and CC I-NP
development NN I-NP
costs NNS I-NP
that WDT B-NP
would MD B-VP
otherwise RB I-VP
have VB I-VP
been VBN I-VP
entailed VBN I-VP
, , O
he PRP B-NP
said VBD B-VP
. . O

Renault NNP B-NP
officials NNS I-NP
said VBD B-VP
the DT B-NP
potential JJ I-NP
European JJ I-NP
market NN I-NP
for IN B-PP
light NN B-NP
trucks NNS I-NP
in IN B-PP
the DT B-NP
2.5-ton JJ I-NP
to TO I-NP
4.2-ton VB I-NP
range NN I-NP
is VBZ B-VP
between IN B-NP
700,000 CD I-NP
and CC I-NP
800,000 CD I-NP
vehicles NNS I-NP
annually RB B-ADVP
, , O
and CC O
Renault NNP B-NP
and CC I-NP
DAF NNP I-NP
are VBP B-VP
aiming VBG I-VP
for IN B-PP
a DT B-NP
combined VBN I-NP
market NN I-NP
share NN I-NP
of IN B-PP
about IN B-NP
11 CD I-NP
% NN I-NP
. . O

Both DT B-NP
Renault NNP I-NP
and CC I-NP
DAF NNP I-NP
will MD B-VP
have VB I-VP
world-wide JJ B-NP
marketing NN I-NP
rights NNS I-NP
for IN B-PP
the DT B-NP
new JJ I-NP
range NN I-NP
of IN B-PP
vans NNS B-NP
and CC O
light NN B-NP
trucks NNS I-NP
. . O

Under IN B-PP
a DT B-NP
separate JJ I-NP
arrangement NN I-NP
, , O
British NNP B-NP
Aerospace NNP I-NP
PLC NNP I-NP
's POS B-NP
Rover NNP I-NP
Group NNP I-NP
PLC NNP I-NP
subsidiary NN I-NP
will MD B-VP
also RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
offer VB I-VP
the DT B-NP
vehicles NNS I-NP
through IN B-PP
its PRP$ B-NP
dealers NNS I-NP
in IN B-PP
the DT B-NP
U.K. NNP I-NP
, , O
and CC O
Renault NNP B-NP
's POS B-NP
truck-building JJ I-NP
subsidiary NN I-NP
Renault NNP I-NP
Vehicles NNPS I-NP
Industriels NNPS I-NP
will MD B-VP
have VB I-VP
similar JJ B-NP
rights NNS I-NP
in IN B-PP
France NNP B-NP
. . O

DAF NNP B-NP
is VBZ B-VP
16%-owned JJ B-ADJP
by IN B-PP
British NNP B-NP
Aerospace NNP I-NP
, , O
with IN B-PP
a DT B-NP
further JJ I-NP
6.5 CD I-NP
% NN I-NP
held VBN B-VP
by IN B-PP
the DT B-NP
Dutch JJ I-NP
state-owned JJ I-NP
chemical NN I-NP
group NN I-NP
NV NNP B-NP
DSM NNP I-NP
. . O

The DT B-NP
van NNP I-NP
Doorne NNP I-NP
family NN I-NP
of IN B-PP
the DT B-NP
Netherlands NNP I-NP
holds VBZ B-VP
an DT B-NP
additional JJ I-NP
11 CD I-NP
% NN I-NP
of IN B-PP
DAF NNP B-NP
's POS B-NP
capital NN I-NP
. . O

The DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
System NNP I-NP
is VBZ B-VP
the DT B-NP
standard JJ I-NP
object NN I-NP
of IN B-PP
suggestions NNS B-NP
for IN B-PP
organizational JJ B-NP
and CC I-NP
institutional JJ I-NP
changes NNS I-NP
, , O
for IN B-PP
two CD B-NP
reasons NNS I-NP
. . O

First RB B-ADVP
, , O
its PRP$ B-NP
position NN I-NP
in IN B-PP
the DT B-NP
government NN I-NP
is VBZ B-VP
anomalous JJ B-ADJP
. . O

It PRP B-NP
has VBZ B-VP
an DT B-NP
unusual JJ I-NP
kind NN I-NP
of IN B-PP
independence NN B-NP
from IN B-PP
elected VBN B-NP
officials NNS I-NP
and CC O
still RB B-VP
has VBZ I-VP
authority NN B-NP
over IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
powerful JJ I-NP
of IN B-PP
government NN B-NP
's POS B-NP
instruments NNS I-NP
-- : O
the DT B-NP
control NN I-NP
of IN B-PP
the DT B-NP
money NN I-NP
supply NN I-NP
. . O

Thus RB B-ADVP
we PRP B-NP
have VBP B-VP
a DT B-NP
condition NN I-NP
that WDT B-NP
is VBZ B-VP
easily RB I-VP
described VBN I-VP
as IN B-PP
undemocratic JJ B-ADJP
. . O

Second JJ B-ADVP
, , O
the DT B-NP
responsibilities NNS I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
as IN B-PP
guardian NN B-NP
of IN B-PP
the DT B-NP
currency NN I-NP
, , O
which WDT B-NP
means VBZ B-VP
as IN B-PP
guardian NN B-NP
of IN B-PP
the DT B-NP
stability NN I-NP
of IN B-PP
the DT B-NP
price NN I-NP
level NN I-NP
, , O
sometimes RB B-ADVP
lead VB B-VP
it PRP B-NP
to TO B-VP
take VB I-VP
measures NNS B-NP
that WDT B-NP
are VBP B-VP
unpopular JJ B-ADJP
. . O

As IN B-SBAR
former JJ B-NP
Fed NNP I-NP
Chairman NNP I-NP
William NNP I-NP
McChesney NNP I-NP
Martin NNP I-NP
used VBD B-VP
to TO I-VP
say VB I-VP
, , O
they PRP B-NP
would MD B-VP
have VB I-VP
to TO I-VP
take VB I-VP
the DT B-NP
punch NN I-NP
bowl NN I-NP
away RB B-ADVP
just RB B-ADVP
as IN B-SBAR
the DT B-NP
party NN I-NP
is VBZ B-VP
getting VBG I-VP
interesting JJ B-ADJP
. . O

So RB O
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
is VBZ B-VP
an DT B-NP
attractive JJ I-NP
target NN I-NP
for IN B-PP
complaint NN B-NP
by IN B-PP
politicians NNS B-NP
. . O

The DT B-NP
Fed NNP I-NP
is VBZ B-VP
easily RB I-VP
assigned VBN I-VP
the DT B-NP
blame NN I-NP
for IN B-PP
unpleasantness NN B-NP
, , O
like IN B-PP
high JJ B-NP
interest NN I-NP
rates NNS I-NP
or CC O
slow JJ B-NP
economic JJ I-NP
growth NN I-NP
, , O
while IN B-SBAR
the DT B-NP
politicians NNS I-NP
can MD B-VP
escape VB I-VP
responsibility NN B-NP
by IN B-PP
pointing VBG B-VP
to TO B-PP
the DT B-NP
Fed NNP I-NP
's POS B-NP
independence NN I-NP
. . O

This DT B-NP
leads VBZ B-VP
to TO B-PP
proposals NNS B-NP
for IN B-PP
`` `` O
reform NN B-NP
'' '' O
of IN B-PP
the DT B-NP
Fed NNP I-NP
, , O
which WDT B-NP
have VBP B-VP
the DT B-NP
common JJ I-NP
feature NN I-NP
of IN B-PP
making VBG B-VP
the DT B-NP
Fed NNP I-NP
more RBR B-ADJP
responsive JJ I-ADJP
to TO B-PP
the DT B-NP
administration NN I-NP
, , O
to TO B-PP
the DT B-NP
Congress NNP I-NP
and CC B-PP
to TO B-PP
public JJ B-NP
opinion NN I-NP
-- : O
without IN B-PP
, , O
however RB B-ADVP
, , O
any DT B-NP
assumption NN I-NP
of IN B-PP
additional JJ B-NP
responsibility NN I-NP
by IN B-PP
the DT B-NP
politicians NNS I-NP
. . O

These DT B-NP
proposals NNS I-NP
include VBP B-VP
changing VBG I-VP
the DT B-NP
term NN I-NP
of IN B-PP
the DT B-NP
chairman NN I-NP
, , O
shortening VBG B-VP
the DT B-NP
terms NNS I-NP
of IN B-PP
the DT B-NP
members NNS I-NP
, , O
eliminating VBG B-VP
the DT B-NP
presidents NNS I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
Banks NNP I-NP
from IN B-PP
the DT B-NP
decision-making NN I-NP
process NN I-NP
, , O
putting VBG B-VP
the DT B-NP
Secretary NNP I-NP
of IN B-PP
the DT B-NP
Treasury NNP I-NP
on IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
Board NNP I-NP
, , O
having VBG B-VP
the DT B-NP
Fed NNP I-NP
audited VBN B-VP
by IN B-PP
an DT B-NP
arm NN I-NP
of IN B-PP
Congress NNP B-NP
-LRB- ( O
the DT B-NP
General NNP I-NP
Accounting NNP I-NP
Office NNP I-NP
-RRB- ) O
, , O
putting VBG B-VP
the DT B-NP
Fed NNP I-NP
's POS B-NP
expenditures NNS I-NP
in IN B-PP
the DT B-NP
budget NN I-NP
, , O
and CC O
requiring VBG B-VP
prompt VB B-NP
publication NN I-NP
of IN B-PP
the DT B-NP
Fed NNP I-NP
's POS B-NP
minutes NNS I-NP
. . O

Some DT B-NP
of IN B-PP
these DT B-NP
ideas NNS I-NP
are VBP B-VP
again RB B-ADVP
under IN B-PP
consideration NN B-NP
in IN B-PP
Congress NNP B-NP
. . O

But CC O
these DT B-NP
proposals NNS I-NP
do VBP B-VP
not RB I-VP
rest VB I-VP
on IN B-PP
a DT B-NP
view NN I-NP
of IN B-PP
what WP B-NP
the DT B-NP
Fed NNP I-NP
's POS B-NP
problem NN I-NP
is VBZ B-VP
or CC O
, , O
if IN B-SBAR
they PRP B-NP
do VBP B-VP
, , O
they PRP B-NP
rest VBP B-VP
on IN B-PP
an DT B-NP
incorrect JJ I-NP
view NN I-NP
. . O

They PRP B-NP
would MD B-VP
not RB I-VP
solve VB I-VP
the DT B-NP
problem NN I-NP
; : O
they PRP B-NP
would MD B-VP
make VB I-VP
it PRP B-NP
worse JJR B-ADJP
. . O

The DT B-NP
problem NN I-NP
is VBZ B-VP
not RB O
that IN B-SBAR
the DT B-NP
Fed NNP I-NP
is VBZ B-VP
too RB B-ADJP
unresponsive JJ I-ADJP
to TO B-PP
the DT B-NP
public JJ I-NP
interest NN I-NP
. . O

On IN B-PP
the DT B-NP
contrary NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
too RB B-ADJP
responsive JJ I-ADJP
to TO B-PP
an DT B-NP
incorrect JJ I-NP
view NN I-NP
of IN B-PP
the DT B-NP
public JJ I-NP
interest NN I-NP
. . O

The DT B-NP
price NN I-NP
level NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
is VBZ B-VP
now RB B-ADVP
about IN B-ADJP
4 CD I-ADJP
1\/4 CD I-ADJP
times NNS I-ADJP
as RB I-ADJP
high JJ I-ADJP
as IN B-SBAR
it PRP B-NP
was VBD B-VP
30 CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O

On IN B-PP
average JJ B-NP
, , O
something NN B-NP
that DT B-NP
cost NN B-VP
$ $ B-NP
100 CD I-NP
30 CD B-NP
years NNS I-NP
ago RB B-ADVP
now RB B-ADVP
costs VBZ B-VP
$ $ B-NP
425 CD I-NP
. . O

Or CC O
, , O
a DT B-NP
wage NN I-NP
that WDT B-NP
was VBD B-VP
$ $ B-NP
100 CD I-NP
30 CD B-NP
years NNS I-NP
ago RB B-ADVP
would MD B-VP
buy VB I-VP
only RB B-NP
$ $ I-NP
23.53 CD I-NP
worth NN I-NP
of IN B-PP
stuff NN B-NP
today NN B-NP
. . O

On IN B-PP
two CD B-NP
occasions VBZ I-NP
the DT B-NP
inflation NN I-NP
rate NN I-NP
rose VBD B-VP
to TO B-PP
more JJR B-NP
than IN I-NP
10 CD I-NP
% NN I-NP
a DT B-NP
year NN I-NP
. . O

In IN B-PP
each DT B-NP
case NN I-NP
the DT B-NP
ending NN I-NP
of IN B-PP
this DT B-NP
unsustainable JJ I-NP
inflation NN I-NP
caused VBD B-VP
a DT B-NP
severe JJ I-NP
recession NN I-NP
-- : O
the DT B-NP
two CD I-NP
worst JJS I-NP
of IN B-PP
the DT B-NP
postwar JJ I-NP
period NN I-NP
. . O

The DT B-NP
enormous JJ I-NP
inflation NN I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
30 CD I-NP
years NNS I-NP
was VBD B-VP
largely RB B-ADJP
due JJ I-ADJP
to TO B-PP
monetary JJ B-NP
policy NN I-NP
. . O

At IN B-ADVP
least JJS I-ADVP
, , O
it PRP B-NP
would MD B-VP
not RB I-VP
have VB I-VP
happened VBN I-VP
without IN B-PP
the DT B-NP
support NN I-NP
of IN B-PP
monetary JJ B-NP
policy NN I-NP
that WDT B-NP
provided VBD B-VP
for IN B-PP
a DT B-NP
10-fold JJ I-NP
increase NN I-NP
in IN B-PP
the DT B-NP
money NN I-NP
supply NN I-NP
during IN B-PP
the DT B-NP
same JJ I-NP
period NN I-NP
. . O

And CC O
that DT B-NP
increase NN I-NP
in IN B-PP
the DT B-NP
money NN I-NP
supply NN I-NP
would MD B-VP
not RB I-VP
have VB I-VP
happened VBN I-VP
without IN B-PP
the DT B-NP
consent NN I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
. . O

The DT B-NP
basic JJ I-NP
problem NN I-NP
of IN B-PP
monetary JJ B-NP
policy NN I-NP
, , O
to TO B-PP
which WDT B-NP
reform NN B-NP
of IN B-PP
the DT B-NP
Fed NNP I-NP
should MD B-VP
be VB I-VP
addressed VBN I-VP
, , O
is VBZ B-VP
to TO B-VP
prevent VB I-VP
a DT B-NP
recurrence NN I-NP
of IN B-PP
this DT B-NP
experience NN I-NP
. . O

There EX B-NP
were VBD B-VP
two CD B-NP
general JJ I-NP
reasons NNS I-NP
for IN B-PP
the DT B-NP
mistaken VBN I-NP
monetary JJ I-NP
policy NN I-NP
of IN B-PP
the DT B-NP
past JJ I-NP
30 CD I-NP
years NNS I-NP
: : O

1 CD B-NP
. . O
To TO B-PP
some DT B-NP
extent NN I-NP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
shared VBD B-VP
the DT B-NP
popular JJ I-NP
but CC I-NP
incorrect JJ I-NP
view NN I-NP
that IN B-SBAR
expansionary JJ B-NP
monetary JJ I-NP
policy NN I-NP
could MD B-VP
yield VB I-VP
a DT B-NP
net JJ I-NP
improvement NN I-NP
in IN B-PP
employment NN B-NP
and CC I-NP
output NN I-NP
. . O

2 CD B-NP
. . O
Even RB B-ADVP
where WRB I-ADVP
the DT B-NP
Fed NNP I-NP
did VBD B-VP
not RB I-VP
share VB I-VP
this DT B-NP
view NN I-NP
it PRP B-NP
felt VBD B-VP
the DT B-NP
need NN I-NP
to TO B-VP
accommodate VB I-VP
to TO B-PP
it PRP B-NP
. . O

Despite IN B-PP
all PDT B-NP
the DT I-NP
formal JJ I-NP
provisions NNS I-NP
for IN B-PP
its PRP$ B-NP
independence NN I-NP
, , O
the DT B-NP
Fed NNP I-NP
seems VBZ B-VP
constantly RB I-VP
to TO I-VP
feel VB I-VP
that IN B-SBAR
if IN B-SBAR
it PRP B-NP
uses VBZ B-VP
its PRP$ B-NP
independence NN I-NP
too RB B-ADVP
freely RB I-ADVP
it PRP B-NP
will MD B-VP
lose VB I-VP
it PRP B-NP
. . O

The DT B-NP
common JJ I-NP
proposals NNS I-NP
for IN B-PP
reforming VBG B-VP
the DT B-NP
Fed NNP I-NP
would MD B-VP
only RB I-VP
make VB I-VP
the DT B-NP
situation NN I-NP
worse JJR B-ADJP
, , O
if IN B-SBAR
they PRP B-NP
had VBD B-VP
any DT B-NP
effect NN I-NP
at IN B-ADVP
all DT I-ADVP
. . O

Putting VBG B-VP
the DT B-NP
Secretary NNP I-NP
of IN B-PP
the DT B-NP
Treasury NNP I-NP
on IN B-PP
the DT B-NP
Board NNP I-NP
of IN B-PP
Governors NNP B-NP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
leading VBG I-NP
proposals NNS I-NP
today NN B-NP
, , O
is VBZ B-VP
an DT B-NP
example NN I-NP
. . O

The DT B-NP
secretary NN I-NP
is VBZ B-VP
the DT B-NP
world NN I-NP
's POS B-NP
biggest JJS I-NP
borrower NN I-NP
of IN B-PP
money NN B-NP
. . O

He PRP B-NP
has VBZ B-VP
a DT B-NP
built-in NN I-NP
, , I-NP
constant JJ I-NP
longing NN I-NP
for IN B-PP
lower JJR B-NP
interest NN I-NP
rates NNS I-NP
. . O

Moreover RB B-ADVP
, , O
he PRP B-NP
is VBZ B-VP
a DT B-NP
political JJ I-NP
agent NN I-NP
of IN B-PP
a DT B-NP
political JJ I-NP
president NN I-NP
, , O
who WP B-NP
naturally RB B-VP
gives VBZ I-VP
extraordinary JJ B-NP
weight NN I-NP
to TO B-PP
the DT B-NP
way NN I-NP
the DT B-NP
economy NN I-NP
will MD B-VP
perform VB I-VP
before IN B-PP
the DT B-NP
next JJ I-NP
election NN I-NP
, , O
and CC O
less JJR B-NP
to TO B-PP
its PRP$ B-NP
longer-run JJ I-NP
health NN I-NP
. . O

These DT B-NP
days NNS I-NP
, , O
the DT B-NP
secretary NN I-NP
suffers VBZ B-VP
the DT B-NP
further JJ I-NP
disqualification NN I-NP
that IN B-SBAR
he PRP B-NP
is VBZ B-VP
a DT B-NP
member NN I-NP
of IN B-PP
a DT B-NP
club NN I-NP
of IN B-PP
seven CD B-NP
finance NN I-NP
ministers NNS I-NP
who WP B-NP
meet VBP B-VP
occasionally RB B-ADVP
to TO B-VP
decide VB I-VP
what WP B-NP
exchange NN B-NP
rates NNS I-NP
should MD B-VP
be VB I-VP
, , O
which WDT B-NP
is VBZ B-VP
a DT B-NP
diversion NN I-NP
from IN B-PP
the DT B-NP
real JJ I-NP
business NN I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
to TO B-VP
stabilize VB I-VP
the DT B-NP
price NN I-NP
level NN I-NP
. . O

How WRB B-ADVP
should MD O
a DT B-NP
reasonable JJ I-NP
member NN I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
Board NNP I-NP
interpret VB B-VP
a DT B-NP
congressional JJ I-NP
decision NN I-NP
to TO B-VP
put VB I-VP
the DT B-NP
secretary NN I-NP
on IN B-PP
the DT B-NP
board NN I-NP
? . O

Could MD O
he PRP B-NP
plausibly RB B-ADVP
interpret VB B-VP
it PRP B-NP
as IN B-PP
encouragement NN B-NP
for IN B-SBAR
the DT B-NP
Fed NNP I-NP
to TO B-VP
give VB I-VP
primary JJ B-NP
emphasis NN I-NP
to TO B-PP
stabilizing VBG B-VP
the DT B-NP
price NN I-NP
level NN I-NP
? . O

Or CC O
would MD O
he PRP B-NP
interpret VB B-VP
it PRP B-NP
as IN B-PP
instruction NN B-NP
to TO B-VP
give VB I-VP
more JJR B-NP
weight NN I-NP
to TO B-PP
these DT B-NP
other JJ I-NP
objectives NNS I-NP
that IN B-NP
the DT B-NP
secretary NN I-NP
represents VBZ B-VP
-- : O
low JJ B-NP
interest NN I-NP
rates NNS I-NP
, , O
short-run JJ B-NP
economic JJ I-NP
expansion NN I-NP
, , O
and CC O
stabilization NN B-NP
of IN B-PP
exchange NN B-NP
rates NNS I-NP
at IN B-PP
internationally RB B-NP
managed VBD I-NP
levels NNS I-NP
? . O

The DT B-NP
answer NN I-NP
seems VBZ B-VP
perfectly RB B-ADJP
clear JJ I-ADJP
. . O

-LRB- ( O
True JJ B-ADVP
, , O
a DT B-NP
succession NN I-NP
of IN B-PP
Fed NNP B-NP
chairmen NNS I-NP
has VBZ B-VP
given VBN I-VP
color NN B-NP
to TO B-PP
the DT B-NP
notion NN I-NP
that IN B-SBAR
the DT B-NP
Secretary NNP I-NP
of IN B-PP
the DT B-NP
Treasury NNP I-NP
belongs VBZ B-VP
on IN B-PP
the DT B-NP
Fed NNP I-NP
. . O

By IN B-PP
their PRP$ B-NP
constant JJ I-NP
readiness NN I-NP
to TO B-VP
advise VB I-VP
all DT B-NP
and CC I-NP
sundry JJ I-NP
about IN B-PP
federal JJ B-NP
budgetary JJ I-NP
matters NNS I-NP
the DT B-NP
chairmen NNS I-NP
have VBP B-VP
encouraged VBN I-VP
the DT B-NP
belief NN I-NP
that IN O
fiscal JJ B-NP
policy NN I-NP
and CC O
monetary JJ B-NP
policy NN I-NP
are VBP B-VP
ingredients NNS B-NP
of IN B-PP
a DT B-NP
common JJ I-NP
stew NN I-NP
, , O
in IN B-PP
which WDT B-NP
case NN I-NP
it PRP B-NP
is VBZ B-VP
natural JJ B-ADJP
that IN B-SBAR
the DT B-NP
Fed NNP I-NP
and CC O
the DT B-NP
Treasury NNP I-NP
, , B-NP
and CC I-NP
probably RB I-NP
also RB I-NP
the DT B-NP
Congress NNP I-NP
, , O
should MD B-VP
be VB I-VP
jointly RB I-VP
engaged VBN I-VP
in IN B-PP
stirring VBG B-VP
the DT B-NP
pot NN I-NP
. . O

The DT B-NP
Fed NNP I-NP
's POS B-NP
case NN I-NP
for IN B-PP
its PRP$ B-NP
own JJ I-NP
independence NN I-NP
would MD B-VP
be VB I-VP
a DT B-NP
little RB I-NP
stronger JJR B-ADJP
if IN B-SBAR
it PRP B-NP
were VBD B-VP
more RBR B-ADJP
solicitous JJ I-ADJP
of IN B-PP
the DT B-NP
independence NN I-NP
of IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
government NN I-NP
. . O
-RRB- ) O

The DT B-NP
Fed NNP I-NP
's POS B-NP
problem NN I-NP
is VBZ B-VP
not RB O
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
too RB B-ADJP
independent JJ I-ADJP
, , O
or CC O
too RB B-ADJP
unpolitical JJ I-ADJP
. . O

The DT B-NP
Fed NNP I-NP
is VBZ B-VP
responsive JJ B-ADJP
to TO B-PP
, , O
and CC O
can MD B-VP
not RB I-VP
help VB I-VP
being VBG I-VP
responsive JJ B-ADJP
to TO B-PP
, , O
the DT B-NP
more RBR I-NP
overtly RB I-NP
political JJ I-NP
part NN I-NP
of IN B-PP
the DT B-NP
government NN I-NP
. . O

The DT B-NP
Fed NNP I-NP
exercises VBZ B-VP
a DT B-NP
power NN I-NP
given VBN B-VP
to TO B-PP
it PRP B-NP
by IN B-PP
Congress NNP B-NP
and CC O
the DT B-NP
president NN I-NP
. . O

But CC O
Congress NNP B-NP
and CC O
the DT B-NP
president NN I-NP
accept VB B-VP
no DT B-NP
responsibility NN I-NP
for IN B-PP
the DT B-NP
exercise NN I-NP
of IN B-PP
the DT B-NP
power NN I-NP
they PRP B-NP
have VBP B-VP
given VBN I-VP
the DT B-NP
Fed NNP I-NP
. . O

Critics NNS B-NP
of IN B-PP
the DT B-NP
present JJ I-NP
arrangement NN I-NP
are VBP B-VP
correct JJ B-ADJP
to TO B-VP
say VB I-VP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
undemocratic JJ B-ADJP
. . O

What WP B-NP
is VBZ B-VP
undemocratic JJ B-ADJP
is VBZ B-VP
the DT B-NP
unwillingness NN I-NP
of IN B-PP
the DT B-NP
more RBR I-NP
political JJ I-NP
parts NNS I-NP
of IN B-PP
the DT B-NP
government NN I-NP
to TO B-VP
take VB I-VP
the DT B-NP
responsibility NN I-NP
for IN B-PP
deciding VBG B-VP
the DT B-NP
basic JJ I-NP
question NN I-NP
of IN B-PP
monetary JJ B-NP
policy NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
what WP B-NP
priority NN I-NP
should MD B-VP
be VB I-VP
given VBN I-VP
to TO B-PP
stabilizing VBG B-VP
the DT B-NP
price NN I-NP
level NN I-NP
. . O

To TO B-VP
leave VB I-VP
this DT B-NP
decision NN I-NP
to TO B-PP
an DT B-NP
`` `` I-NP
independent JJ I-NP
'' '' I-NP
agency NN I-NP
is VBZ B-VP
not RB O
only RB O
undemocratic JJ B-ADJP
. . O

It PRP B-NP
also RB B-ADVP
prevents VBZ B-VP
the DT B-NP
conduct NN I-NP
of IN B-PP
a DT B-NP
policy NN I-NP
that WDT B-NP
has VBZ B-VP
a DT B-NP
long-term JJ I-NP
rationale NN I-NP
, , O
because IN B-SBAR
it PRP B-NP
leaves VBZ B-VP
the DT B-NP
Fed NNP I-NP
guessing VBG B-VP
about IN B-PP
what WP B-NP
are VBP B-VP
the DT B-NP
expectations NNS I-NP
of IN B-PP
its PRP$ B-NP
masters NNS I-NP
, , O
the DT B-NP
politicians NNS I-NP
, , O
who WP B-NP
have VBP B-VP
never RB I-VP
had VBN I-VP
to TO I-VP
consider VB I-VP
the DT B-NP
long-term JJ I-NP
consequences NNS I-NP
of IN B-PP
monetary JJ B-NP
policy NN I-NP
. . O

The DT B-NP
greatest JJS I-NP
contribution NN I-NP
Congress NNP B-NP
could MD B-VP
make VB I-VP
at IN B-PP
this DT B-NP
time NN I-NP
would MD B-VP
be VB I-VP
to TO B-VP
declare VB I-VP
that IN B-SBAR
stabilizing VBG B-VP
the DT B-NP
price NN I-NP
level NN I-NP
is VBZ B-VP
the DT B-NP
primary JJ I-NP
responsibility NN I-NP
of IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
System NNP I-NP
. . O

Legislation NN B-NP
to TO B-PP
this DT B-NP
effect NN I-NP
has VBZ B-VP
been VBN I-VP
introduced VBN I-VP
in IN B-PP
Congress NNP B-NP
in IN B-PP
this DT B-NP
session NN I-NP
by IN B-PP
Rep. NNP B-NP
Stephen NNP I-NP
Neal NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
N.C NNP B-NP
. . O
-RRB- ) O
. . O

It PRP B-NP
is VBZ B-VP
not RB O
the DT B-NP
kind NN I-NP
of IN B-PP
thing NN B-NP
that WDT B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
enacted VBN I-VP
, , O
however RB B-ADVP
. . O

Congress NNP B-NP
would MD B-VP
be VB I-VP
required VBN I-VP
to TO I-VP
make VB I-VP
a DT B-NP
hard JJ I-NP
decision NN I-NP
, , O
and CC O
Congress NNP B-NP
would MD B-VP
much RB I-VP
prefer VB I-VP
to TO I-VP
leave VB I-VP
the DT B-NP
hard JJ I-NP
decision NN I-NP
to TO B-PP
the DT B-NP
Fed NNP I-NP
and CC O
retain VB B-VP
its PRP$ B-NP
rights NNS I-NP
of IN B-PP
complaint NN B-NP
after IN B-PP
the DT B-NP
fact NN I-NP
. . O

People NNS B-NP
will MD B-VP
say VB I-VP
that IN B-SBAR
the DT B-NP
nation NN I-NP
and CC O
the DT B-NP
government NN I-NP
have VBP B-VP
other JJ B-NP
objectives NNS I-NP
, , O
in IN B-PP
addition NN B-NP
to TO B-PP
stabilizing VBG B-VP
the DT B-NP
price NN I-NP
level NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
true JJ B-ADJP
. . O

But CC O
that DT B-NP
is VBZ B-VP
not RB O
the DT B-NP
same JJ I-NP
as IN B-PP
saying VBG B-VP
that IN B-SBAR
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
has VBZ B-VP
other JJ B-NP
objectives NNS I-NP
. . O

The DT B-NP
government NN I-NP
has VBZ B-VP
other JJ B-NP
agencies NNS I-NP
and CC I-NP
instruments NNS I-NP
for IN B-PP
pursuing VBG B-VP
these DT B-NP
other JJ I-NP
objectives NNS I-NP
. . O

But CC O
it PRP B-NP
has VBZ B-VP
only RB B-ADVP
the DT B-NP
Fed NNP I-NP
to TO B-VP
pursue VB I-VP
price-level JJ B-NP
stability NN I-NP
. . O

And CC O
the DT B-NP
Fed NNP I-NP
has VBZ B-VP
at IN B-PP
most RBS B-NP
very RB B-NP
limited JJ I-NP
ability NN I-NP
to TO B-VP
contribute VB I-VP
to TO B-PP
the DT B-NP
achievement NN I-NP
of IN B-PP
other JJ B-NP
objectives NNS I-NP
by IN B-PP
means VBZ B-NP
other JJ B-ADVP
than IN B-PP
by IN B-PP
stabilizing VBG B-VP
the DT B-NP
price NN I-NP
level NN I-NP
. . O

The DT B-NP
two CD I-NP
objectives NNS I-NP
most RBS B-VP
commonly RB I-VP
thought VBD I-VP
to TO I-VP
be VB I-VP
legitimate JJ B-NP
competitors NNS I-NP
for IN B-PP
the DT B-NP
attention NN I-NP
of IN B-PP
the DT B-NP
Fed NNP I-NP
are VBP B-VP
high JJ B-NP
employment NN I-NP
and CC O
rapid JJ B-NP
real JJ I-NP
growth NN I-NP
. . O

But CC O
the DT B-NP
main JJ I-NP
lesson NN I-NP
of IN B-PP
economic JJ B-NP
policy NN I-NP
in IN B-PP
the DT B-NP
past JJ I-NP
30 CD I-NP
years NNS I-NP
is VBZ B-VP
that IN B-SBAR
if IN B-SBAR
the DT B-NP
Fed NNP I-NP
compromises NNS B-VP
with IN B-PP
the DT B-NP
price-stability NN I-NP
objective NN I-NP
in IN B-PP
the DT B-NP
pursuit NN I-NP
of IN B-PP
these DT B-NP
other JJ I-NP
goals NNS I-NP
, , O
the DT B-NP
result NN I-NP
is VBZ B-VP
not RB O
high JJ B-NP
employment NN I-NP
and CC O
rapid JJ B-NP
growth NN I-NP
but CC O
is VBZ B-VP
inflation NN B-NP
. . O

A DT B-NP
former JJ I-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
president NN I-NP
's POS B-NP
Council NNP I-NP
of IN B-PP
Economic NNP B-NP
Advisers NNPS I-NP
, , O
Mr. NNP B-NP
Stein NNP I-NP
is VBZ B-VP
an DT B-NP
American NNP I-NP
Enterprise NNP I-NP
Institute NNP I-NP
fellow NN I-NP
. . O

Republic NNP B-NP
New NNP I-NP
York NNP I-NP
Corp. NNP I-NP
joined VBD B-VP
the DT B-NP
list NN I-NP
of IN B-PP
banks NNS B-NP
boosting VBG B-VP
reserves NNS B-NP
for IN B-PP
losses NNS B-NP
on IN B-PP
loans NNS B-NP
to TO B-PP
less-developed JJ B-NP
countries NNS I-NP
, , O
setting VBG B-VP
out IN B-PRT
a DT B-NP
$ $ I-NP
200 CD I-NP
million CD I-NP
provision NN I-NP
and CC O
posting VBG B-VP
a DT B-NP
$ $ I-NP
155.4 CD I-NP
million CD I-NP
third-quarter JJ I-NP
net JJ I-NP
loss NN I-NP
as IN B-PP
a DT B-NP
result NN I-NP
. . O

The DT B-NP
per-share JJ I-NP
loss NN I-NP
was VBD B-VP
$ $ B-NP
5.32 CD I-NP
. . O

In IN B-PP
the DT B-NP
year NN I-NP
earlier JJR I-NP
period NN I-NP
, , O
the DT B-NP
New NNP I-NP
York NNP I-NP
parent NN I-NP
of IN B-PP
Republic NNP B-NP
National NNP I-NP
Bank NNP I-NP
had VBD B-VP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
38.7 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.12 CD I-NP
a DT B-NP
share NN I-NP
. . O

Excluding VBG B-PP
the DT B-NP
provision NN I-NP
, , O
Republic NNP B-NP
earned VBD B-VP
$ $ B-NP
44.6 CD I-NP
million CD I-NP
, , O
up IN B-ADVP
15 CD B-NP
% NN I-NP
from IN B-PP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

The DT B-NP
bank NN I-NP
's POS B-NP
medium-term JJ B-ADJP
and CC I-ADJP
long-term JJ I-ADJP
loans NNS B-NP
to TO B-PP
less-developed JJ B-NP
countries NNS I-NP
total JJ B-VP
$ $ B-NP
293 CD I-NP
million CD I-NP
, , O
of IN B-PP
which WDT B-NP
$ $ B-NP
146 CD I-NP
million CD I-NP
are VBP B-VP
n't RB I-VP
accruing VBG I-VP
interest NN B-NP
, , O
the DT B-NP
bank NN I-NP
said VBD B-VP
. . O

Republic NNP B-NP
's POS B-NP
total NN I-NP
of IN B-PP
nonperforming JJ B-NP
assets NNS I-NP
was VBD B-VP
$ $ B-NP
167 CD I-NP
million CD I-NP
at IN B-PP
Sept. NNP B-NP
30 CD I-NP
, , O
with IN B-PP
its PRP$ B-NP
reserve NN I-NP
for IN B-PP
loan NN B-NP
losses NNS I-NP
now RB B-ADVP
standing VBG B-VP
at IN B-PP
$ $ B-NP
357 CD I-NP
million CD I-NP
. . O

Abortion-rights NNS B-NP
advocates NNS I-NP
won VBD B-VP
last JJ B-NP
week NN I-NP
's POS B-NP
battles NNS I-NP
, , O
but CC O
the DT B-NP
war NN I-NP
over IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
most-contentious RBS I-NP
social JJ I-NP
question NN I-NP
is VBZ B-VP
about IN O
to TO B-VP
pick VB I-VP
up IN B-PRT
again RB B-ADVP
on IN B-PP
turf NN B-NP
that WDT B-NP
favors VBZ B-VP
those DT B-NP
seeking VBG B-VP
to TO I-VP
restrict VB I-VP
abortions NNS B-NP
. . O

Strict JJ B-NP
new JJ I-NP
regulations NNS I-NP
seem VBP B-VP
certain JJ B-ADJP
to TO B-VP
pass VB I-VP
the DT B-NP
state NN I-NP
House NNP I-NP
in IN B-PP
Pennsylvania NNP B-NP
next JJ B-NP
week NN I-NP
, , O
with IN B-PP
easy JJ B-NP
approval NN I-NP
by IN B-PP
the DT B-NP
Senate NNP I-NP
and CC B-PP
by IN B-PP
Democratic NNP B-NP
Gov. NNP I-NP
Bob NNP I-NP
Casey NNP I-NP
expected VBD B-VP
shortly RB B-ADVP
thereafter RB I-ADVP
. . O

Legislation NN B-NP
to TO B-VP
require VB I-VP
the DT B-NP
consent NN I-NP
of IN B-PP
parents NNS B-NP
before IN B-SBAR
their PRP$ B-NP
daughters NNS I-NP
under IN B-PP
the DT B-NP
age NN I-NP
of IN B-PP
18 CD B-NP
can MD B-VP
have VB I-VP
abortions NNS B-NP
will MD B-VP
probably RB I-VP
pass VB I-VP
both DT B-NP
houses NNS I-NP
of IN B-PP
the DT B-NP
Michigan NNP I-NP
legislature NN I-NP
and CC O
set VBN B-VP
up IN B-PRT
a DT B-NP
grinding VBG I-NP
battle NN I-NP
to TO B-VP
override VB I-VP
the DT B-NP
expected VBN I-NP
veto NN I-NP
of IN B-PP
Democratic NNP B-NP
Gov. NNP I-NP
James NNP I-NP
Blanchard NNP I-NP
. . O

The DT B-NP
short-term JJ I-NP
shift NN I-NP
in IN B-PP
the DT B-NP
political JJ I-NP
climate NN I-NP
surrounding VBG B-VP
abortion NN B-NP
reflects VBZ B-VP
two CD B-NP
factors NNS I-NP
that WDT B-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
govern VB I-VP
the DT B-NP
debate NN I-NP
in IN B-PP
the DT B-NP
next JJ I-NP
several JJ I-NP
months NNS I-NP
: : O
the DT B-NP
reawakening VBG I-NP
of IN B-PP
the DT B-NP
abortion-rights NNS I-NP
movement NN I-NP
as IN B-PP
a DT B-NP
potent JJ I-NP
force NN I-NP
after IN B-PP
years NNS B-NP
of IN B-PP
lassitude NN B-NP
, , O
and CC O
the DT B-NP
ability NN I-NP
of IN B-PP
each DT B-NP
side NN I-NP
to TO B-VP
counter VB I-VP
the DT B-NP
other NN I-NP
's POS B-NP
advance NN I-NP
in IN B-PP
one CD B-NP
arena NN I-NP
with IN B-PP
a DT B-NP
victory NN I-NP
of IN B-PP
its PRP$ B-NP
own JJ I-NP
elsewhere RB B-ADVP
. . O

The DT B-NP
action NN I-NP
in IN B-PP
Pennsylvania NNP B-NP
, , O
for IN B-PP
example NN B-NP
, , O
will MD B-VP
follow VB I-VP
last JJ B-NP
week NN I-NP
's POS B-NP
collapse NN I-NP
of IN B-PP
a DT B-NP
special JJ I-NP
session NN I-NP
of IN B-PP
the DT B-NP
Florida NNP I-NP
legislature NN I-NP
to TO B-VP
enact VB I-VP
restrictions NNS B-NP
on IN B-PP
abortions NNS B-NP
in IN B-PP
that DT B-NP
state NN I-NP
, , O
and CC O
the DT B-NP
vote NN I-NP
here RB B-ADVP
in IN B-PP
Washington NNP B-NP
by IN B-PP
the DT B-NP
House NNP I-NP
to TO B-VP
permit VB I-VP
federally RB B-NP
paid VBN I-NP
abortions NNS I-NP
for IN B-PP
poor JJ B-NP
women NNS I-NP
who WP B-NP
are VBP B-VP
victims NNS B-NP
of IN B-PP
rape NN B-NP
or CC I-NP
incest NN I-NP
. . O

But CC O
President NNP B-NP
Bush NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
veto VB I-VP
the DT B-NP
congressional JJ I-NP
legislation NN I-NP
and CC O
that IN B-NP
, , O
along IN B-PP
with IN B-PP
the DT B-NP
easy JJ I-NP
approval NN I-NP
of IN B-PP
the DT B-NP
Pennsylvania NNP I-NP
measure NN I-NP
, , O
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
mute VB I-VP
the DT B-NP
abortion-rights NNS I-NP
activists NNS I-NP
' POS B-NP
claims NNS I-NP
of IN B-PP
momentum NN B-NP
and CC O
underline VB B-VP
the DT B-NP
challenges NNS I-NP
faced VBN B-VP
by IN B-PP
this DT B-NP
resurgent JJ I-NP
movement NN I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
great JJ B-ADJP
to TO B-VP
feel VB I-VP
good JJ B-ADJP
for IN B-PP
once RB B-NP
in IN B-PP
15 CD B-NP
years NNS I-NP
, , O
'' '' O
says VBZ B-VP
Harrison NNP B-NP
Hickman NNP I-NP
, , O
a DT B-NP
consultant NN I-NP
to TO B-PP
abortion-rights NNS B-NP
advocates NNS I-NP
, , O
reflecting VBG B-VP
the DT B-NP
relief NN I-NP
of IN B-PP
his PRP$ B-NP
compatriots NNS I-NP
after IN B-PP
last JJ B-NP
week NN I-NP
's POS B-NP
victories NNS I-NP
, , O
the DT B-NP
first JJ I-NP
major JJ I-NP
events NNS I-NP
since IN B-SBAR
the DT B-NP
Supreme NNP I-NP
Court NNP I-NP
, , O
in IN B-PP
its PRP$ B-NP
July NNP I-NP
3 CD I-NP
Webster NNP I-NP
decision NN I-NP
, , O
permitted VBD B-VP
the DT B-NP
states NNS I-NP
to TO B-VP
enact VB I-VP
restrictions NNS B-NP
on IN B-PP
abortions NNS B-NP
. . O

`` `` O
But CC O
how WRB B-NP
many RB I-NP
more JJR I-NP
times NNS I-NP
we PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
feel VB I-VP
good JJ B-ADJP
in IN B-PP
the DT B-NP
next JJ I-NP
15 CD I-NP
is VBZ B-VP
another DT B-NP
question NN I-NP
. . O
'' '' O

Indeed RB B-ADVP
, , O
abortion-rights NNS B-NP
activists NNS I-NP
still JJ B-ADVP
face VB B-VP
their PRP$ B-NP
greatest JJS I-NP
tests NNS I-NP
. . O

`` `` O
The DT B-NP
pro-choice JJ I-NP
movement NN I-NP
has VBZ B-VP
shown VBN I-VP
-- : O
finally RB B-ADVP
-- : O
that IN B-SBAR
it PRP B-NP
can MD B-VP
mobilize VB I-VP
, , O
'' '' O
says VBZ B-VP
Glen NNP B-NP
Halva-Neubauer NNP I-NP
, , O
a DT B-NP
Furman NNP I-NP
University NNP I-NP
political JJ I-NP
scientist NN I-NP
who WP B-NP
specializes VBZ B-VP
in IN B-PP
how WRB B-ADVP
state NN B-NP
legislators NNS I-NP
handle VBP B-VP
the DT B-NP
abortion NN I-NP
question NN I-NP
. . O

`` `` O
But CC O
it PRP B-NP
still RB B-ADVP
has VBZ B-VP
n't RB I-VP
shown VBN I-VP
that IN B-SBAR
it PRP B-NP
can MD B-VP
win VB I-VP
in IN B-PP
a DT B-NP
state NN I-NP
like IN B-PP
Pennsylvania NNP B-NP
or CC I-NP
Missouri NNP I-NP
, , O
where WRB B-ADVP
abortion NN B-NP
has VBZ B-VP
been VBN I-VP
clearly RB B-ADVP
an DT B-NP
electoral JJ I-NP
issue NN I-NP
and CC O
where WRB B-ADVP
it PRP B-NP
's VBZ B-VP
been VBN I-VP
an DT B-NP
emotional JJ I-NP
issue NN I-NP
for IN B-PP
a DT B-NP
long JJ I-NP
time NN I-NP
. . O
'' '' O

The DT B-NP
foes NNS I-NP
of IN B-PP
abortion NN B-NP
hold NN B-VP
the DT B-NP
strong JJ I-NP
whip NN I-NP
hand NN I-NP
in IN B-PP
Pennsylvania NNP B-NP
, , O
where WRB B-ADVP
abortion-rights NNS B-NP
activists NNS I-NP
are VBP B-VP
so RB B-ADVP
much JJ I-ADVP
on IN B-PP
the DT B-NP
defensive NN I-NP
that IN B-SBAR
their PRP$ B-NP
strategy NN I-NP
is VBZ B-VP
less JJR B-ADVP
to TO B-VP
fight VB I-VP
the DT B-NP
proposed VBN I-NP
legislation NN I-NP
than IN B-SBAR
it PRP B-NP
is VBZ B-VP
to TO B-VP
stress VB I-VP
how WRB B-ADVP
the DT B-NP
state NN I-NP
legislature NN I-NP
does VBZ B-VP
n't RB I-VP
reflect VB I-VP
the DT B-NP
viewpoints NNS I-NP
of IN B-PP
the DT B-NP
state NN I-NP
's POS B-NP
citizens NNS I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
GOP NNP B-NP
state NN I-NP
Rep. NNP I-NP
Stephen NNP I-NP
Freind NNP I-NP
of IN B-PP
Delaware NNP B-NP
County NNP I-NP
, , O
the DT B-NP
legislature NN I-NP
's POS B-NP
leading VBG I-NP
foe NN I-NP
of IN B-PP
abortion NN B-NP
, , O
has VBZ B-VP
been VBN I-VP
given VBN I-VP
all DT B-ADVP
but CC I-ADVP
free JJ B-NP
rein NN I-NP
to TO B-VP
press VB I-VP
a DT B-NP
strict JJ I-NP
seven-point JJ I-NP
plan NN I-NP
to TO B-VP
restrict VB I-VP
abortion NN B-NP
and CC O
, , O
he PRP B-NP
hopes VBZ B-VP
, , O
to TO B-VP
force VB I-VP
the DT B-NP
Supreme NNP I-NP
Court NNP I-NP
directly RB B-ADVP
to TO B-VP
reassess VB I-VP
its PRP$ B-NP
1973 CD I-NP
Roe NNP I-NP
v. CC I-NP
Wade NNP I-NP
decision NN I-NP
that WDT B-NP
established VBD B-VP
the DT B-NP
right NN I-NP
of IN B-PP
abortion NN B-NP
in IN B-PP
the DT B-NP
first JJ I-NP
place NN I-NP
. . O

The DT B-NP
Freind NNP I-NP
legislation NN I-NP
-- : O
the DT B-NP
state NN I-NP
's POS B-NP
House NNP I-NP
Judiciary NNP I-NP
Committee NNP I-NP
approved VBD B-VP
it PRP B-NP
in IN B-PP
Harrisburg NNP B-NP
this DT B-NP
week NN I-NP
and CC O
the DT B-NP
full JJ I-NP
Pennsylvania NNP I-NP
House NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
take VB I-VP
up IN B-PRT
the DT B-NP
bill NN I-NP
next JJ B-NP
Tuesday NNP I-NP
-- : O
includes VBZ B-VP
a DT B-NP
provision NN I-NP
to TO B-VP
ban VB I-VP
abortions NNS B-NP
after IN B-PP
24 CD B-NP
weeks NNS I-NP
of IN B-PP
pregnancy NN B-NP
, , O
except VB O
to TO B-VP
avert VB I-VP
the DT B-NP
death NN I-NP
of IN B-PP
the DT B-NP
mother NN I-NP
. . O

Mr. NNP B-NP
Freind NNP I-NP
calculates VBZ B-VP
that IN B-SBAR
the DT B-NP
provision NN I-NP
, , O
which WDT B-NP
attacks VBZ B-VP
the DT B-NP
trimester NN I-NP
standards NNS I-NP
that IN B-NP
Roe NNP B-NP
established VBD B-VP
, , O
will MD B-VP
`` `` O
make VB B-VP
it PRP B-NP
necessary JJ B-ADJP
'' '' O
for IN B-SBAR
the DT B-NP
Supreme NNP I-NP
Court NNP I-NP
to TO B-VP
review VB I-VP
Roe NNP B-NP
and CC O
, , O
perhaps RB B-VP
, , I-VP
to TO I-VP
overturn VB B-VP
it PRP B-NP
. . O

But CC O
the DT B-NP
Pennsylvania NNP I-NP
measure NN I-NP
also RB B-ADVP
includes VBZ B-VP
an DT B-NP
`` `` I-NP
informed VBN I-NP
consent NN I-NP
'' '' I-NP
provision NN I-NP
that WDT B-NP
may MD B-VP
become VB I-VP
widely RB B-VP
imitated VBN I-VP
by IN B-PP
abortion NN B-NP
foes NNS I-NP
who WP B-NP
want VBP B-VP
to TO I-VP
make VB I-VP
women NNS B-NP
contemplating VBG B-VP
abortion NN B-NP
as RB B-ADJP
uncomfortable JJ I-ADJP
as IN B-PP
possible JJ B-ADJP
with IN B-PP
the DT B-NP
procedure NN I-NP
and CC B-PP
with IN B-PP
themselves PRP B-NP
. . O

Under IN B-PP
this DT B-NP
legislation NN I-NP
, , O
a DT B-NP
woman NN I-NP
must MD B-VP
be VB I-VP
informed VBN I-VP
24 CD B-NP
hours NNS I-NP
before IN B-PP
the DT B-NP
operation NN I-NP
of IN B-PP
the DT B-NP
details NNS I-NP
of IN B-PP
the DT B-NP
procedure NN I-NP
and CC O
its PRP$ B-NP
risks NNS I-NP
. . O

`` `` O
Regardless RB B-ADVP
of IN B-PP
whether IN B-SBAR
one CD B-NP
supports VBZ B-VP
or CC I-VP
opposes VBZ I-VP
the DT B-NP
right NN I-NP
to TO B-PP
an DT B-NP
abortion NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Freind NNP I-NP
argues VBZ B-VP
, , O
`` `` O
it PRP B-NP
is VBZ B-VP
virtually RB B-ADJP
impossible JJ I-ADJP
for IN B-SBAR
any DT B-NP
rational JJ I-NP
human JJ I-NP
being NN I-NP
to TO B-VP
disagree VB I-VP
with IN B-PP
the DT B-NP
concept NN I-NP
that IN B-SBAR
a DT B-NP
woman NN I-NP
has VBZ B-VP
the DT B-NP
right NN I-NP
to TO B-VP
have VB I-VP
all DT B-NP
of IN B-PP
the DT B-NP
appropriate JJ I-NP
materials NNS I-NP
and CC I-NP
advice NN I-NP
made VBD B-VP
available JJ B-ADJP
to TO B-PP
her PRP B-NP
before IN B-SBAR
she PRP B-NP
makes VBZ B-VP
a DT B-NP
decision NN I-NP
which WDT B-NP
, , O
one CD B-NP
way NN I-NP
or CC O
the DT B-NP
other NN I-NP
, , O
might MD B-VP
remain VB I-VP
with IN B-PP
her PRP B-NP
for IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
her PRP$ B-NP
life NN I-NP
. . O
'' '' O

In IN B-PP
Michigan NNP B-NP
, , O
where WRB B-ADVP
the DT B-NP
state NN I-NP
Senate NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
approve VB I-VP
parental-consent JJ B-NP
legislation NN I-NP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
next JJ B-NP
week NN I-NP
, , O
Gov. NNP B-NP
Blanchard NNP I-NP
is VBZ B-VP
the DT B-NP
principal JJ I-NP
obstacle NN I-NP
for IN B-PP
anti-abortionists NNS B-NP
. . O

Susan NNP B-NP
Rogin NNP I-NP
, , O
a DT B-NP
consultant NN I-NP
to TO B-PP
abortion-rights NNS B-NP
activists NNS I-NP
in IN B-PP
the DT B-NP
state NN I-NP
, , O
takes VBZ B-VP
comfort NN B-NP
from IN B-PP
the DT B-NP
fact NN I-NP
that IN B-SBAR
the DT B-NP
state NN I-NP
's POS B-NP
House NNP I-NP
abortion NN I-NP
opponents NNS I-NP
`` `` O
have VBP B-VP
n't RB I-VP
been VBN I-VP
able JJ B-ADJP
to TO B-VP
muster VB I-VP
the DT B-NP
votes NNS I-NP
to TO B-VP
overturn VB I-VP
a DT B-NP
veto NN I-NP
on IN B-PP
abortion NN B-NP
in IN B-PP
16 CD B-NP
years NNS I-NP
. . O
'' '' O

But CC O
proponents NNS B-NP
believe VBP B-VP
they PRP B-NP
may MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
shake VB I-VP
enough RB B-NP
votes VBZ I-NP
loose JJ B-ADJP
to TO B-VP
override VB I-VP
the DT B-NP
veto NN I-NP
if IN B-SBAR
they PRP B-NP
are VBP B-VP
successful JJ B-ADJP
in IN B-PP
portraying VBG B-VP
the DT B-NP
legislation NN I-NP
as IN B-PP
a DT B-NP
matter NN I-NP
of IN B-PP
parents NNS B-NP
' POS B-NP
rights NNS I-NP
. . O

In IN B-PP
Illinois NNP B-NP
, , O
lawmakers NNS B-NP
will MD B-VP
vote VB I-VP
before IN B-PP
next JJ B-NP
spring NN I-NP
on IN B-PP
legislation NN B-NP
requiring VBG B-VP
physicians NNS B-NP
to TO B-VP
perform VB I-VP
tests NNS B-NP
on IN B-PP
fetuses NNS B-NP
at IN B-PP
20 CD B-NP
weeks NNS I-NP
to TO B-VP
determine VB I-VP
their PRP$ B-NP
gestational JJ I-NP
age NN I-NP
, , I-NP
weight NN I-NP
and CC I-NP
lung NN I-NP
maturity NN I-NP
along IN B-ADVP
with IN B-PP
a DT B-NP
provision NN I-NP
requiring VBG B-VP
that IN B-SBAR
, , O
if IN B-SBAR
fetuses NNS B-NP
survive VBP B-VP
an DT B-NP
abortion NN I-NP
, , O
a DT B-NP
second JJ I-NP
doctor NN I-NP
must MD B-VP
be VB I-VP
on IN B-PP
hand NN B-NP
to TO B-VP
help VB I-VP
it PRP B-NP
survive VB B-VP
. . O

The DT B-NP
legislation NN I-NP
failed VBN B-VP
by IN B-PP
one CD B-NP
vote NN I-NP
to TO B-VP
clear VB I-VP
the DT B-NP
House NNP I-NP
Rules NNP I-NP
Committee NNP I-NP
Tuesday NNP B-NP
, , O
but CC O
anti-abortionists NNS B-NP
still RB B-ADVP
may MD B-VP
succeed VB I-VP
in IN B-PP
bringing VBG B-VP
the DT B-NP
measure NN I-NP
to TO B-PP
the DT B-NP
floor NN I-NP
this DT B-NP
fall NN I-NP
. . O

Pamela NNP B-NP
Sutherland NNP I-NP
, , O
executive JJ B-NP
director NN I-NP
of IN B-PP
the DT B-NP
Illinois NNP I-NP
Planned NNP I-NP
Parenthood NNP I-NP
Council NNP I-NP
, , O
says VBZ B-VP
she PRP B-NP
and CC O
her PRP$ B-NP
allies NNS I-NP
are VBP B-VP
`` `` B-ADJP
cautiously RB I-ADJP
optimistic JJ I-ADJP
'' '' O
they PRP B-NP
can MD B-VP
defeat VB I-VP
it PRP B-NP
if IN B-SBAR
it PRP B-NP
comes VBZ B-VP
to TO B-PP
a DT B-NP
floor NN I-NP
vote NN I-NP
. . O

Abortion NN B-NP
foes NNS I-NP
in IN B-PP
Wisconsin NNP B-NP
, , O
meanwhile RB B-ADVP
, , O
expect VBP B-VP
a DT B-NP
parental-consent JJ I-NP
bill NN I-NP
to TO B-VP
be VB I-VP
sent VBN I-VP
to TO B-PP
the DT B-NP
state NN I-NP
assembly NN I-NP
floor NN I-NP
by IN B-PP
early JJ B-NP
November NNP I-NP
and CC O
are VBP B-VP
hopeful NN B-ADJP
of IN B-PP
prevailing VBG B-VP
in IN B-PP
both DT B-NP
houses NNS I-NP
by IN B-PP
next JJ B-NP
March NNP I-NP
. . O

In IN B-PP
Texas NNP B-NP
, , O
abortion NN B-NP
opponents NNS I-NP
want VBP B-VP
to TO I-VP
pass VB I-VP
parental-consent JJ B-NP
legislation NN I-NP
along IN B-PP
with IN B-PP
a DT B-NP
statewide JJ I-NP
ban NN I-NP
on IN B-PP
the DT B-NP
use NN I-NP
of IN B-PP
public JJ B-NP
funds NNS I-NP
, , I-NP
personnel NNS I-NP
and CC I-NP
facilities NNS I-NP
for IN B-PP
abortion NN B-NP
, , O
and CC O
viability NN B-NP
tests NNS I-NP
for IN B-PP
fetuses NNS B-NP
19 CD B-NP
weeks NNS I-NP
and CC O
older JJR B-ADJP
. . O

The DT B-NP
anti-abortionists NNS I-NP
are VBP B-VP
urging VBG I-VP
GOP NNP B-NP
Gov. NNP I-NP
Bill NNP I-NP
Clements NNP I-NP
to TO B-VP
press VB I-VP
the DT B-NP
issues NNS I-NP
in IN B-PP
a DT B-NP
special JJ I-NP
session NN I-NP
scheduled VBN B-VP
to TO I-VP
run VB I-VP
Nov. NNP B-NP
14 CD I-NP
to TO O
Dec. NNP B-NP
13 CD I-NP
. . O

`` `` O
The DT B-NP
prognosis NN I-NP
is VBZ B-VP
only RB B-ADVP
fair JJ B-ADJP
, , O
'' '' O
says VBZ B-VP
Kathie NNP B-NP
Roberts NNP I-NP
, , O
administrative JJ B-NP
director NN I-NP
of IN B-PP
the DT O
Texas NNP O
Right NNP O
to TO B-PP
Life NNP B-NP
Committee NNP B-NP
. . O

`` `` O
Next JJ B-NP
year NN I-NP
is VBZ B-VP
an DT B-NP
election NN I-NP
year NN I-NP
and CC O
the DT B-NP
legislators NNS I-NP
just RB B-ADVP
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
do VB I-VP
anything NN B-NP
about IN B-PP
this DT B-NP
now RB B-ADVP
. . O
'' '' O

This DT B-NP
legislative JJ I-NP
activity NN I-NP
comes VBZ B-VP
as IN B-SBAR
both DT B-NP
sides NNS I-NP
are VBP B-VP
undertaking VBG I-VP
new JJ B-NP
mobilization NN I-NP
efforts NNS I-NP
, , O
plunging VBG B-VP
into IN B-PP
gubernatorial JJ B-NP
races NNS I-NP
in IN B-PP
Virginia NNP B-NP
and CC O
New NNP B-NP
Jersey NNP I-NP
, , O
and CC O
girding VBG B-VP
for IN B-PP
next JJ B-NP
autumn NN I-NP
's POS B-NP
state NN I-NP
elections NNS I-NP
. . O

At IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
abortion NN B-NP
foes NNS I-NP
have VBP B-VP
developed VBN I-VP
a DT B-NP
national JJ I-NP
legislative JJ I-NP
strategy NN I-NP
, , O
deciding VBG B-VP
to TO I-VP
move VB I-VP
on IN B-PP
what WP B-NP
Jacki NNP B-NP
Ragan NNP I-NP
, , O
the DT O
National NNP O
Right NNP O
to TO B-PP
Life NNP B-NP
Committee NNP B-NP
's POS B-NP
director NN I-NP
of IN B-PP
state NN B-NP
organizational JJ I-NP
development NN I-NP
, , O
calls VBZ B-VP
`` `` O
reasonable JJ B-NP
measures NNS I-NP
that IN B-NP
an DT B-NP
overwhelming JJ I-NP
mainstream NN I-NP
majority NN I-NP
of IN B-PP
Americans NNPS B-NP
support NN B-VP
. . O
'' '' O

These DT B-NP
include VBP B-VP
bans NNS B-NP
on IN B-PP
the DT B-NP
use NN I-NP
of IN B-PP
abortion NN B-NP
for IN B-PP
birth NN B-NP
control NN I-NP
and CC O
sex NN B-NP
selection NN I-NP
, , O
and CC O
the DT B-NP
public JJ I-NP
funding NN I-NP
of IN B-PP
alternatives NNS B-NP
for IN B-PP
abortion NN B-NP
. . O

`` `` O
Those DT B-NP
who WP B-NP
are VBP B-VP
on IN B-PP
the DT B-NP
other JJ I-NP
side NN I-NP
can MD B-VP
hardly RB I-VP
oppose VB I-VP
alternative NN B-NP
funding NN I-NP
if IN B-SBAR
they PRP B-NP
continue VBP B-VP
to TO I-VP
insist VB I-VP
on IN B-PP
calling VBG B-VP
themselves PRP B-NP
` `` B-ADJP
pro-choice JJ I-ADJP
' '' O
rather RB B-PP
than IN I-PP
` `` O
pro-abortion JJ B-ADJP
, , O
' '' O
'' '' O
says VBZ B-VP
Mary NNP B-NP
Spaulding NNP I-NP
, , O
the DT B-NP
group NN I-NP
's POS B-NP
associate JJ I-NP
state NN I-NP
legislative JJ I-NP
coordinator NN I-NP
. . O

Over IN B-PP
the DT B-NP
weekend NN I-NP
, , O
the DT B-NP
National NNP I-NP
Abortion NNP I-NP
Rights NNP I-NP
Action NNP I-NP
League NNP I-NP
singled VBD B-VP
out RP B-PRT
eight CD B-NP
politicians NNS I-NP
, , O
including VBG B-PP
Pennsylvania NNP B-NP
's POS B-NP
Mr. NNP I-NP
Freind NNP I-NP
, , O
as IN B-PP
1990 CD B-NP
targets NNS I-NP
and CC O
held VBD B-VP
a DT B-NP
Washington NNP I-NP
seminar NN I-NP
designed VBN B-VP
to TO I-VP
train VB I-VP
its PRP$ B-NP
leaders NNS I-NP
in IN B-PP
political JJ B-NP
techniques NNS I-NP
, , O
including VBG B-PP
how WRB B-ADVP
to TO B-VP
put VB I-VP
the DT B-NP
anti-abortionists NNS I-NP
on IN B-PP
the DT B-NP
defensive NN I-NP
in IN B-PP
state NN B-NP
legislatures NNS I-NP
. . O

`` `` O
We PRP B-NP
now RB B-ADVP
see VBP B-VP
pro-choice JJ B-NP
legislators NNS I-NP
going VBG B-VP
on IN B-PP
the DT B-NP
offensive NN I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
, , O
'' '' O
says VBZ B-VP
Kate NNP B-NP
Michelman NNP I-NP
, , O
executive JJ B-NP
director NN I-NP
of IN B-PP
the DT B-NP
group NN I-NP
. . O

Wall NNP B-NP
Street NNP I-NP

When WRB B-ADVP
I PRP B-NP
was VBD B-VP
just RB B-NP
a DT I-NP
child NN I-NP
And CC O
confronted VBN B-VP
by IN B-PP
my PRP$ B-NP
fears NNS I-NP
, , O
The DT B-NP
things NNS I-NP
that IN B-NP
I PRP B-NP
thought VBD B-VP
would MD B-VP
get VB I-VP
me PRP B-NP
Had VBD B-VP
fangs NNS B-NP
and CC O
pointed VBD B-NP
ears NNS I-NP
. . O

Nothing NN B-NP
much NN B-ADJP
has VBZ B-VP
changed VBN I-VP
-- : O
My PRP$ B-NP
periodic JJ I-NP
scares NNS I-NP
Are VBP B-VP
still RB B-ADVP
from IN B-PP
hostile JJ B-NP
animals NNS I-NP
, , O
Only RB O
now RB B-ADVP
, , O
they PRP B-NP
're VBP B-VP
bulls NNS B-NP
and CC I-NP
bears VBZ I-NP
. . O

-- : B-NP
Pat NNP I-NP
D'Amico NNP I-NP
. . O

Daffynition NN B-NP

Trained VBN B-NP
dolphins NNS I-NP
: : O
pur-poises NNS B-NP
. . O

-- : B-NP
Marrill NNP I-NP
J. NNP I-NP
Pederson NNP I-NP
. . O

This DT B-NP
maker NN I-NP
and CC I-NP
marketer NN I-NP
of IN B-PP
cartridge NN B-NP
tape NN I-NP
systems NNS I-NP
said VBD B-VP
it PRP B-NP
completed VBD B-VP
the DT B-NP
sale NN I-NP
of IN B-PP
2.85 CD B-NP
million CD I-NP
shares NNS I-NP
of IN B-PP
common JJ B-NP
priced VBN B-VP
at IN B-PP
$ $ B-NP
10 CD I-NP
a DT B-NP
share NN I-NP
in IN B-PP
an DT B-NP
initial JJ I-NP
public JJ I-NP
offering NN I-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
selling VBG I-VP
two CD B-NP
million CD I-NP
shares NNS I-NP
and CC O
that IN B-SBAR
the DT B-NP
rest NN I-NP
are VBP B-VP
being VBG I-VP
sold VBN I-VP
by IN B-PP
certain JJ B-NP
stockholders NNS I-NP
. . O

Proceeds NNS B-NP
will MD B-VP
be VB I-VP
used VBN I-VP
for IN B-PP
capital NN B-NP
expenditures NNS I-NP
and CC O
working VBG B-NP
capital NN I-NP
. . O

Goldman NNP B-NP
, , I-NP
Sachs NNP I-NP
& CC I-NP
Co. NNP I-NP
and CC O
Montgomery NNP B-NP
Securities NNP I-NP
Inc. NNP I-NP
are VBP B-VP
co-managing JJ I-VP
the DT B-NP
offering NN I-NP
. . O

Congress NNP B-NP
sent VBD B-VP
President NNP B-NP
Bush NNP I-NP
an DT B-NP
$ $ I-NP
18.4 CD I-NP
billion CD I-NP
fiscal JJ I-NP
1990 CD I-NP
Treasury NNP I-NP
and CC I-NP
Postal NNP I-NP
Service NNP I-NP
bill NN I-NP
providing VBG B-VP
$ $ B-NP
5.5 CD I-NP
billion CD I-NP
for IN B-PP
the DT B-NP
Internal NNP I-NP
Revenue NNP I-NP
Service NNP I-NP
and CC O
increasing VBG B-VP
the DT B-NP
Customs NNP I-NP
Service NNP I-NP
's POS B-NP
air-interdiction NN I-NP
program NN I-NP
nearly RB B-NP
a DT I-NP
third JJ I-NP
. . O

Final JJ B-NP
approval NN I-NP
came VBD B-VP
on IN B-PP
a DT B-NP
simple JJ I-NP
voice NN I-NP
vote NN I-NP
in IN B-PP
the DT B-NP
Senate NNP I-NP
, , O
and CC O
the DT B-NP
swift JJ I-NP
passage NN I-NP
contrasted VBN B-VP
with IN B-PP
months NNS B-NP
of IN B-PP
negotiations NNS B-NP
over IN B-PP
the DT B-NP
underlying VBG I-NP
bill NN I-NP
which WDT B-NP
is VBZ B-VP
laced VBN B-ADJP
with IN B-PP
special-interest JJ B-NP
provisions NNS I-NP
for IN B-PP
both DT B-NP
members NNS B-NP
and CC O
the DT B-NP
executive JJ I-NP
branch NN I-NP
. . O

An DT B-NP
estimated VBN I-NP
$ $ I-NP
33 CD I-NP
million CD I-NP
was VBD B-VP
added VBN I-VP
for IN B-PP
university NN B-NP
and CC I-NP
science NN I-NP
grants NNS I-NP
, , O
including VBG B-PP
$ $ B-NP
1.5 CD I-NP
million CD I-NP
for IN B-PP
Smith NNP B-NP
College NNP I-NP
. . O

And CC O
Southwest NNP B-NP
lawmakers NNS I-NP
were VBD B-VP
a DT B-NP
driving VBG I-NP
force NN I-NP
behind IN B-PP
$ $ B-NP
54.6 CD I-NP
million CD I-NP
for IN B-PP
U.S.-Mexico JJ B-NP
border NN I-NP
facilities NNS I-NP
, , O
or CC O
more JJR O
than IN O
double VB O
the DT B-NP
administration NN I-NP
's POS B-NP
request NN I-NP
. . O

More RBR B-NP
than IN I-NP
$ $ I-NP
1.8 CD I-NP
million CD I-NP
is VBZ B-VP
allocated VBN I-VP
for IN B-PP
pensions NNS B-NP
and CC I-NP
expenses NNS I-NP
for IN B-PP
former JJ B-NP
presidents NNS I-NP
, , O
and CC O
the DT B-NP
budget NN I-NP
for IN B-PP
the DT B-NP
official JJ I-NP
residence NN I-NP
of IN B-PP
Vice NNP B-NP
President NNP I-NP
Quayle NNP I-NP
is VBZ B-VP
more RBR I-VP
than IN I-VP
doubled VBN I-VP
, , O
with IN B-SBAR
$ $ B-NP
200,000 CD I-NP
designated VBN B-VP
for IN B-PP
improvements NNS B-NP
to TO B-PP
the DT B-NP
property NN I-NP
. . O

Even RB B-NP
the DT I-NP
Office NNP I-NP
of IN B-PP
Management NNP B-NP
and CC I-NP
Budget NNP I-NP
is VBZ B-VP
remembered VBN I-VP
with IN B-PP
an DT B-NP
extra JJ I-NP
$ $ I-NP
1 CD I-NP
million CD I-NP
to TO B-VP
help VB I-VP
offset VB I-VP
pay NN B-NP
costs NNS I-NP
that IN B-NP
other JJ B-NP
government NN I-NP
departments NNS I-NP
are VBP B-VP
being VBG I-VP
asked VBN I-VP
to TO B-VP
absorb VB I-VP
. . O

Within IN B-PP
the DT B-NP
IRS NNP I-NP
, , O
nearly RB B-NP
$ $ I-NP
1.95 CD I-NP
billion CD I-NP
is VBZ B-VP
provided VBN I-VP
for IN B-PP
processing NN B-VP
tax NN B-NP
returns NNS I-NP
, , O
a DT B-NP
12 CD I-NP
% NN I-NP
increase NN I-NP
over IN B-PP
fiscal JJ B-NP
1989 CD I-NP
and CC O
double JJ B-NP
what WP B-NP
the DT B-NP
government NN I-NP
was VBD B-VP
spending VBG I-VP
five CD B-NP
years NNS I-NP
ago RB B-ADVP
. . O

Investigation NNP B-NP
and CC I-NP
taxpayer NN I-NP
service NN I-NP
accounts NNS I-NP
would MD B-VP
grow VB I-VP
to TO B-PP
$ $ B-NP
1.6 CD I-NP
billion CD I-NP
, , O
and CC O
Congress NNP B-NP
specifically RB B-ADVP
added VBD B-VP
$ $ B-NP
7.4 CD I-NP
million CD I-NP
for IN B-PP
stepped VBN O
up IN B-PRT
criminal JJ B-NP
investigations NNS I-NP
of IN B-PP
money NN B-NP
laundering NN I-NP
related VBN B-VP
to TO B-PP
drug NN B-NP
traffic NN I-NP
. . O

The DT B-NP
large JJ I-NP
increase NN I-NP
in IN B-PP
Customs NNP B-NP
Service NNP I-NP
air-interdiction NN I-NP
funds NNS I-NP
is VBZ B-VP
also RB I-VP
intended VBN I-VP
to TO I-VP
counter VB I-VP
smuggling VBG B-NP
, , O
and CC O
the DT B-NP
annual JJ I-NP
appropriations NNS I-NP
level VBP I-NP
has VBZ B-VP
more RBR I-VP
than IN I-VP
quadrupled VBN I-VP
in IN B-PP
five CD B-NP
years NNS I-NP
. . O

The DT B-NP
$ $ I-NP
196.7 CD I-NP
million CD I-NP
provided VBN B-VP
for IN B-PP
fiscal JJ B-NP
1990 CD I-NP
anticipates VBZ B-VP
the DT B-NP
purchase NN I-NP
of IN B-PP
a DT B-NP
Lockheed NNP I-NP
P-3 NN I-NP
surveillance NN I-NP
aircraft NN I-NP
and CC O
five CD B-NP
Cessna NNP I-NP
Citation NNP I-NP
II NNP I-NP
jets NNS I-NP
. . O

Despite IN B-PP
administration NN B-NP
reservations NNS I-NP
, , O
the DT B-NP
plan NN I-NP
has VBZ B-VP
had VBN I-VP
the DT B-NP
quiet JJ I-NP
backing NN I-NP
of IN B-PP
customs NNS B-NP
officials NNS I-NP
as RB B-CONJP
well RB I-CONJP
as IN I-CONJP
influential JJ B-NP
lawmakers NNS I-NP
from IN B-PP
Cessna NNP B-NP
's POS B-NP
home NN I-NP
state NN I-NP
, , O
Kansas NNP B-NP
. . O

Among IN B-PP
legislative JJ B-NP
provisions NNS I-NP
attached VBN B-VP
to TO B-PP
the DT B-NP
bill NN I-NP
is VBZ B-VP
a DT B-NP
ban NN I-NP
on IN B-PP
any DT B-NP
Treasury NNP I-NP
Department NNP I-NP
expenditure NN I-NP
for IN B-PP
enforcement NN B-NP
of IN B-PP
a DT B-NP
1986 CD I-NP
tax NN I-NP
provision NN I-NP
intended VBN B-VP
to TO I-VP
counter VB I-VP
discrimination NN B-NP
in IN B-PP
employee-benefit JJ B-NP
plans NNS I-NP
. . O

Small-business NN B-NP
interests NNS I-NP
have VBP B-VP
lobbied VBN I-VP
against IN B-PP
the DT B-NP
so-called JJ I-NP
Section NN I-NP
89 CD I-NP
tax NN I-NP
rules NNS I-NP
. . O

Repeal NN B-NP
is VBZ B-VP
considered VBN I-VP
likely JJ B-ADJP
now RB B-ADVP
, , O
but CC O
the DT B-NP
Treasury NNP I-NP
Department NNP I-NP
bill NN I-NP
has VBZ B-VP
been VBN I-VP
used VBN I-VP
as IN B-PP
a DT B-NP
vehicle NN I-NP
to TO B-VP
raise VB I-VP
the DT B-NP
profile NN I-NP
of IN B-PP
the DT B-NP
issue NN I-NP
and CC O
block VB B-VP
any DT B-NP
action NN I-NP
in IN B-PP
the DT B-NP
interim NN I-NP
. . O

Less RBR B-ADJP
noticed VBD I-ADJP
is VBZ B-VP
a DT B-NP
bit NN I-NP
of IN B-PP
legislative JJ B-NP
legerdemain NN I-NP
by IN B-PP
Houston NNP B-NP
Republicans NNPS I-NP
on IN B-PP
behalf NN B-NP
of IN B-PP
HEI NNP B-NP
Corp. NNP I-NP
of IN B-PP
Texas NNP B-NP
to TO B-VP
retroactively RB I-VP
`` `` I-VP
move NN I-VP
'' '' O
a DT B-NP
Missouri NNP I-NP
hospital NN I-NP
from IN B-PP
one CD B-NP
county NN I-NP
to TO B-PP
the DT B-NP
next JJ I-NP
to TO B-VP
justify VB I-VP
higher JJR B-NP
Medicare NNP I-NP
reimbursements NNS I-NP
. . O

The DT B-NP
provision NN I-NP
seeks VBZ B-VP
to TO I-VP
wipe VB I-VP
out RP B-PRT
an DT B-NP
estimated VBN I-NP
$ $ I-NP
1.4 CD I-NP
million CD I-NP
in IN B-PP
claims NNS B-NP
made VBN B-VP
by IN B-PP
the DT B-NP
Health NNP I-NP
Care NNP I-NP
Finance NNP I-NP
Administration NNP I-NP
against IN B-PP
HEI NNP B-NP
, , O
which WDT B-NP
owned VBD B-VP
the DT B-NP
hospital NN I-NP
in IN B-PP
Sullivan NNP B-NP
, , O
Mo. NNP B-NP
, , O
during IN B-PP
most RBS B-NP
of IN B-PP
the DT B-NP
four-year JJ I-NP
period NN I-NP
-- : O
1983-1987 CD B-NP
-- : O
covered VBN B-VP
in IN B-PP
the DT B-NP
amendment NN I-NP
. . O

In IN B-PP
a DT B-NP
separate JJ I-NP
development NN I-NP
, , O
a DT B-NP
private JJ I-NP
meeting NN I-NP
is VBZ B-VP
scheduled VBN I-VP
this DT B-NP
morning NN I-NP
between IN B-PP
House NNP B-NP
Appropriations NNP I-NP
Committee NNP I-NP
Chairman NNP I-NP
Jamie NNP I-NP
Whitten NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Miss NNP B-NP
. . O
-RRB- ) O
and CC O
Sen. NNP B-NP
Dale NNP I-NP
Bumpers NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Ark NNP B-NP
. . O
-RRB- ) O
in IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
end VB I-VP
a DT B-NP
dispute NN I-NP
which WDT B-NP
for IN B-PP
two CD B-NP
weeks NNS I-NP
has VBZ B-VP
delayed VBN I-VP
action NN B-NP
on IN B-PP
an DT B-NP
estimated VBN I-NP
$ $ I-NP
44 CD I-NP
billion CD I-NP
agriculture NN I-NP
bill NN I-NP
. . O

A DT B-NP
House-Senate NNP I-NP
conference NN I-NP
reached VBD B-VP
agreement NN B-NP
Oct. NNP B-NP
5 NN I-NP
on IN B-PP
virtually RB B-NP
all DT I-NP
major JJ I-NP
provisions NNS I-NP
of IN B-PP
the DT B-NP
bill NN I-NP
, , O
but CC O
final JJ B-NP
settlement NN I-NP
has VBZ B-VP
been VBN I-VP
stalled VBN I-VP
because IN B-PP
of IN I-PP
differences NNS B-NP
between IN B-PP
the DT B-NP
two CD I-NP
men NNS I-NP
over IN B-PP
the DT B-NP
fate NN I-NP
of IN B-PP
a DT B-NP
modest JJ I-NP
Arkansas-based JJ I-NP
program NN I-NP
to TO B-VP
provide VB I-VP
technical JJ B-NP
information NN I-NP
to TO B-PP
farmers NNS B-NP
seeking VBG B-VP
to TO I-VP
reduce VB I-VP
their PRP$ B-NP
dependence NN I-NP
on IN B-PP
chemical NN B-NP
fertilizers NNS I-NP
and CC I-NP
pesticides NNS I-NP
. . O

The DT B-NP
program NN I-NP
's POS B-NP
nonprofit JJ I-NP
sponsors NNS I-NP
received VBD B-VP
$ $ B-NP
900,000 CD I-NP
in IN B-PP
fiscal JJ B-NP
1989 CD I-NP
through IN B-PP
an DT B-NP
Extension NNP I-NP
Service NNP I-NP
grant NN I-NP
, , O
but CC O
Mr. NNP B-NP
Whitten NNP I-NP
has VBZ B-VP
been VBN I-VP
adamant JJ B-ADJP
in IN B-PP
insisting VBG B-VP
that IN B-SBAR
the DT B-NP
program NN I-NP
be VB B-VP
cut VBN I-VP
in IN B-PP
1990 CD B-NP
. . O

The DT B-NP
79-year-old NNP I-NP
Mississippian NNP I-NP
takes VBZ B-VP
a DT B-NP
more RBR I-NP
orthodox JJ I-NP
, , I-NP
entrenched VBN I-NP
view NN I-NP
of IN B-PP
agriculture NN B-NP
policy NN I-NP
than IN B-PP
those DT B-NP
in NN B-PP
the DT B-NP
movement NN I-NP
to TO B-VP
reduce VB I-VP
chemical NN B-NP
use NN I-NP
, , O
but CC O
as IN B-PP
a DT B-NP
master NN I-NP
of IN B-PP
pork-barrel JJ B-NP
politics NNS I-NP
, , O
he PRP B-NP
is VBZ B-VP
believed VBN I-VP
to TO I-VP
be VB I-VP
annoyed VBN B-ADJP
as IN I-ADJP
well RB I-ADJP
that IN B-SBAR
the DT B-NP
project NN I-NP
moved VBD B-VP
to TO B-PP
Arkansas NNP B-NP
from IN B-PP
a DT B-NP
Tennessee NNP I-NP
center NN I-NP
near IN B-PP
Memphis NNP B-NP
and CC O
the DT B-NP
northern JJ I-NP
Mississippi NNP I-NP
border NN I-NP
. . O

Michael NNP B-NP
F. NNP I-NP
Klatman NNP I-NP
, , O
director NN B-NP
of IN B-PP
corporate JJ B-NP
public JJ I-NP
relations NNS I-NP
at IN B-PP
Data NNP B-NP
General NNP I-NP
Corp. NNP I-NP
, , O
was VBD B-VP
named VBN I-VP
to TO B-PP
the DT B-NP
new JJ I-NP
position NN I-NP
of IN B-PP
vice NN B-NP
president NN I-NP
, , O
corporate JJ B-NP
communications NNS I-NP
, , O
of IN B-PP
this DT B-NP
maker NN I-NP
of IN B-PP
data NNS B-NP
storage NN I-NP
equipment NN I-NP
. . O

B.A.T NNP B-NP
Industries NNP I-NP
PLC NNP I-NP
may MD B-VP
delay VB I-VP
aspects NNS B-NP
of IN B-PP
its PRP$ B-NP
defensive JJ I-NP
restructuring NN I-NP
plan NN I-NP
-- : O
including VBG B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
Saks NNP I-NP
Fifth NNP I-NP
Avenue NNP I-NP
and CC I-NP
Marshall NNP I-NP
Field NNP I-NP
units NNS I-NP
-- : O
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
the DT B-NP
current JJ I-NP
upheaval NN I-NP
in IN B-PP
financial JJ B-NP
markets NNS I-NP
, , O
company NN B-NP
officials NNS I-NP
said VBD B-VP
. . O

The DT B-NP
British JJ I-NP
conglomerate NN I-NP
, , O
planning VBG B-VP
its PRP$ B-NP
own JJ I-NP
defensive JJ I-NP
restructuring NN I-NP
to TO B-VP
fight VB I-VP
off IN B-PRT
a DT O
# # O
13.35 CD O
billion CD O
-LRB- ( O
$ $ B-ADJP
21.03 CD O
billion CD O
-RRB- ) O
takeover NN B-NP
bid NN I-NP
by IN B-PP
Anglo-French JJ B-NP
financier NN I-NP
Sir NNP I-NP
James NNP I-NP
Goldsmith NNP I-NP
, , O
intends VBZ B-VP
to TO I-VP
press VB I-VP
ahead RB B-ADVP
with IN B-PP
an DT B-NP
extraordinary JJ I-NP
shareholder NN I-NP
vote NN I-NP
today NN B-NP
to TO B-VP
clear VB I-VP
the DT B-NP
way NN I-NP
for IN B-PP
its PRP$ B-NP
value-boosting JJ I-NP
measures NNS I-NP
. . O

If IN O
anything NN B-NP
, , O
the DT B-NP
gyrations NNS I-NP
in IN B-PP
world NN B-NP
stock NN I-NP
markets NNS I-NP
-- : O
and CC O
in IN B-PP
B.A.T NNP B-NP
's POS B-NP
share NN I-NP
price NN I-NP
-- : O
since IN B-PP
last JJ B-NP
Friday NNP I-NP
's POS B-NP
sharp JJ I-NP
Wall NNP I-NP
Street NNP I-NP
sell-off NN I-NP
have VBP B-VP
increased VBN I-VP
the DT B-NP
likelihood NN I-NP
of IN B-PP
shareholder NN B-NP
approval NN I-NP
for IN B-PP
the DT B-NP
restructuring NN I-NP
, , O
analysts NNS B-NP
and CC O
several JJ B-NP
big JJ I-NP
institutional JJ I-NP
holders NNS I-NP
said VBD B-VP
. . O

`` `` O
Thank VB B-VP
God NNP B-NP
we PRP B-NP
have VBP B-VP
some DT B-NP
deal NN I-NP
on IN B-PP
the DT B-NP
table NN I-NP
, , O
'' '' O
said VBD B-VP
Stewart NNP B-NP
Gilchrist NNP I-NP
, , O
a DT B-NP
director NN I-NP
at IN B-PP
Scottish NNP B-NP
Amicable NNP I-NP
Investment NNP I-NP
Managers NNS I-NP
, , O
which WDT B-NP
intends VBZ B-VP
to TO I-VP
vote VB I-VP
its PRP$ B-NP
roughly RB I-NP
1 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
favor NN B-NP
of IN B-PP
the DT B-NP
restructuring NN I-NP
. . O

Investors NNS B-NP
in IN B-PP
B.A.T NNP B-NP
have VBP B-VP
been VBN I-VP
on IN B-PP
a DT B-NP
roller NN I-NP
coaster NN I-NP
. . O

B.A.T NNP B-NP
has VBZ B-VP
been VBN I-VP
London NNP B-NP
's POS B-NP
best-performing JJ I-NP
blue JJ I-NP
chip NN I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
six CD I-NP
months NNS I-NP
, , O
up IN B-ADVP
40 CD B-NP
% NN I-NP
against IN B-PP
a DT B-NP
4 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
the DT B-NP
Financial NNP I-NP
Times NNP I-NP
100-Share NNP I-NP
Index NNP I-NP
. . O

But CC O
this DT B-NP
week NN I-NP
, , O
B.A.T NNP B-NP
has VBZ B-VP
been VBN I-VP
hit VBN I-VP
harder JJR B-ADVP
than IN B-PP
other JJ B-NP
big JJ I-NP
U.K. NNP I-NP
stocks NNS I-NP
-- : O
first JJ B-ADVP
by IN B-PP
the DT B-NP
market NN I-NP
gyrations NNS I-NP
, , O
then RB B-ADVP
by IN B-PP
Tuesday NNP B-NP
's POS B-NP
San NNP I-NP
Francisco NNP I-NP
earthquake NN I-NP
, , O
which WDT B-NP
could MD B-VP
leave VB I-VP
B.A.T NNP B-NP
's POS B-NP
Farmers NNP I-NP
Group NNP I-NP
Inc. NNP I-NP
insurance NN I-NP
unit NN I-NP
facing VBG B-VP
big JJ B-NP
claims NNS I-NP
. . O

B.A.T NNP B-NP
rose VBD B-VP
five CD B-NP
pence NN I-NP
-LRB- ( O
eight CD B-NP
cents NNS I-NP
-RRB- ) O
to TO B-PP
756 CD B-NP
pence NN I-NP
-LRB- ( O
$ $ B-NP
11.91 CD I-NP
-RRB- ) O
in IN B-PP
London NNP B-NP
yesterday NN B-NP
as IN B-SBAR
a DT B-NP
late JJ I-NP
market NN I-NP
rally NN I-NP
erased VBD B-VP
a DT B-NP
28-pence JJ I-NP
fall NN I-NP
earlier RBR B-ADVP
in IN B-PP
the DT B-NP
day NN I-NP
. . O

To TO B-VP
fight VB I-VP
off IN B-PRT
predators NNS B-NP
, , O
B.A.T NNP B-NP
plans VBZ B-VP
to TO I-VP
spin VB I-VP
off IN B-PRT
about RB B-NP
$ $ I-NP
6 CD I-NP
billion CD I-NP
in IN B-PP
assets NNS B-NP
, , O
largely RB B-ADVP
by IN B-PP
selling VBG B-VP
such JJ B-NP
U.S. NNP I-NP
retailing NN I-NP
units NNS I-NP
as IN B-PP
Marshall NNP B-NP
Field NNP I-NP
and CC O
Saks NNP B-NP
and CC B-PP
by IN B-PP
floating VBG B-VP
its PRP$ B-NP
big JJ I-NP
paper NN I-NP
and CC I-NP
U.K. NNP I-NP
retailing NN I-NP
business NN I-NP
via IN B-PP
share NN B-NP
issues NNS I-NP
to TO B-PP
existing VBG B-NP
holders NNS I-NP
. . O

Proceeds NNS B-NP
will MD B-VP
help VB I-VP
pay VB I-VP
for IN B-PP
a DT B-NP
planned VBN I-NP
buy-back NN I-NP
of IN B-PP
10 CD B-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
shares NNS I-NP
and CC O
a DT B-NP
50 CD I-NP
% NN I-NP
dividend NN I-NP
increase NN I-NP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
the DT B-NP
restructuring NN I-NP
will MD B-VP
get VB I-VP
the DT B-NP
required VBN I-NP
support NN I-NP
, , O
'' '' O
said VBD B-VP
Michael NNP B-NP
Pacitti NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
London NNP B-NP
stockbroker NN I-NP
UBS NNP I-NP
Phillips NNP I-NP
& CC I-NP
Drew NNP I-NP
. . O

`` `` O
The DT B-NP
shareholders NNS I-NP
effectively RB B-ADVP
will MD B-VP
support VB I-VP
the DT B-NP
share NN I-NP
price NN I-NP
by IN B-PP
clearing VBG B-VP
the DT B-NP
share NN I-NP
buy-back NN I-NP
. . O
'' '' O

But CC O
B.A.T NNP B-NP
's POS B-NP
restructuring NN I-NP
, , O
which WDT B-NP
was VBD B-VP
never RB I-VP
going VBG I-VP
to TO I-VP
happen VB I-VP
quickly RB B-ADVP
, , O
now RB B-ADVP
will MD B-VP
take VB I-VP
longer RB B-ADVP
because IN B-PP
of IN I-PP
the DT B-NP
market NN I-NP
upheaval NN I-NP
. . O

Company NN B-NP
officials NNS I-NP
, , I-NP
holders NNS I-NP
and CC I-NP
analysts NNS I-NP
who WP B-NP
previously RB B-ADVP
expected VBN B-VP
the DT B-NP
disposals NNS I-NP
to TO B-VP
be VB I-VP
substantially RB B-ADJP
complete JJ I-ADJP
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
next JJ B-NP
year NN I-NP
's POS I-NP
first JJ B-NP
half NN I-NP
now RB B-ADVP
say VBP B-VP
the DT B-NP
market NN I-NP
gyrations NNS I-NP
could MD B-VP
delay VB I-VP
the DT B-NP
actions NNS I-NP
well RB B-ADVP
into IN B-PP
the DT B-NP
second JJ I-NP
half NN I-NP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
n't RB O
forced VBN B-NP
sellers NNS I-NP
. . O

We PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
an DT B-NP
absolute JJ I-NP
deadline NN I-NP
and CC O
if IN B-SBAR
market NN B-NP
conditions NNS I-NP
are VBP B-VP
truly RB B-ADJP
awful JJ I-ADJP
we PRP B-NP
might MD B-VP
decide VB I-VP
it PRP B-NP
is VBZ B-VP
not RB O
the DT B-NP
right JJ I-NP
time NN I-NP
, , O
'' '' O
to TO B-VP
take VB I-VP
particular JJ B-NP
steps NNS I-NP
, , O
said VBD B-VP
Michael NNP B-NP
Prideaux NNP I-NP
, , O
a DT B-NP
B.A.T NNP I-NP
spokesman NN I-NP
. . O

Even RB B-SBAR
if IN I-SBAR
B.A.T NNP B-NP
receives VBZ B-VP
approval NN B-NP
for IN B-PP
the DT B-NP
restructuring NN I-NP
, , O
the DT B-NP
company NN I-NP
will MD B-VP
remain VB I-VP
in IN B-PP
play NN B-NP
, , O
say VBP B-VP
shareholders NNS B-NP
and CC I-NP
analysts NNS I-NP
, , O
though IN B-SBAR
the DT B-NP
situation NN I-NP
may MD B-VP
unfold VB I-VP
over IN B-PP
the DT B-NP
next JJ I-NP
12 CD I-NP
months NNS I-NP
, , O
rather RB B-PP
than IN I-PP
six CD B-NP
. . O

The DT B-NP
new JJ I-NP
B.A.T NNP I-NP
will MD B-VP
be VB I-VP
a DT B-NP
smaller JJR I-NP
tobacco NN I-NP
and CC I-NP
financial-services NNS I-NP
hybrid JJ I-NP
whose WP$ B-NP
price-earnings JJ I-NP
ratio NN I-NP
may MD O
more RBR B-ADVP
closely RB I-ADVP
reflect VB B-VP
the DT B-NP
lower-growth JJ I-NP
tobacco NN I-NP
business NN I-NP
than IN B-PP
the DT B-NP
higher-multiple JJ I-NP
financial-services NNS I-NP
business NN I-NP
, , O
these DT B-NP
holders NNS I-NP
believe VBP B-VP
. . O

Thus RB B-ADVP
B.A.T NNP B-NP
's POS B-NP
restructuring NN I-NP
may MD B-VP
only RB I-VP
make VB I-VP
the DT B-NP
company NN I-NP
a DT B-NP
more RBR I-NP
manageable JJ I-NP
target NN I-NP
for IN B-PP
other JJ B-NP
corporate JJ I-NP
predators NNS I-NP
-- : O
possibly RB B-ADVP
such JJ B-NP
acquisitive JJ I-NP
bidders NNS I-NP
as IN B-PP
Hanson NNP B-NP
PLC NNP I-NP
. . O

`` `` O
The DT B-NP
last JJ I-NP
few JJ I-NP
days NNS I-NP
will MD B-VP
surely RB I-VP
slow JJ I-VP
down RP B-PRT
the DT B-NP
pace NN I-NP
of IN B-PP
events NNS B-NP
, , O
'' '' O
says VBZ B-VP
Scottish NNP B-NP
Amicable NNP I-NP
's POS B-NP
Mr. NNP I-NP
Gilchrist NNP I-NP
. . O

`` `` O
But CC O
I PRP B-NP
would MD B-VP
n't RB I-VP
write VB I-VP
off IN B-PRT
'' '' O
Sir NNP B-NP
James NNP I-NP
or CC O
other JJ B-NP
potential JJ I-NP
bidders NNS I-NP
. . O

Among IN B-PP
possible JJ B-NP
delays NNS I-NP
, , O
the DT B-NP
sales NNS I-NP
of IN B-PP
Saks NNP B-NP
and CC O
Marshall NNP B-NP
Field NNP I-NP
-- : O
which WDT B-NP
were VBD B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
on IN B-PP
the DT B-NP
block NN I-NP
soon RB B-ADVP
after IN B-PP
the DT B-NP
crucial JJ I-NP
Christmas NNP I-NP
season NN I-NP
-- : O
may MD B-VP
slide VB I-VP
into IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
or CC I-NP
second JJ I-NP
half NN I-NP
. . O

Analysts NNS B-NP
estimate VBP B-VP
that IN B-SBAR
sales NNS B-NP
of IN B-PP
the DT B-NP
two CD I-NP
businesses NNS I-NP
could MD B-VP
raise VB I-VP
roughly RB B-NP
$ $ I-NP
2 CD I-NP
billion CD I-NP
. . O

B.A.T NNP B-NP
is VBZ B-VP
n't RB I-VP
predicting VBG I-VP
a DT B-NP
postponement NN I-NP
because IN B-SBAR
the DT B-NP
units NNS I-NP
`` `` O
are VBP B-VP
quality NN B-NP
businesses NNS I-NP
and CC O
we PRP B-NP
are VBP B-VP
encouraged VBN I-VP
by IN B-PP
the DT B-NP
breadth NN I-NP
of IN B-PP
inquiries NNS B-NP
, , O
'' '' O
said VBD B-VP
Mr. NNP B-NP
Prideaux NNP I-NP
. . O

But CC O
the DT B-NP
delay NN I-NP
could MD B-VP
happen VB I-VP
if IN B-SBAR
B.A.T NNP B-NP
does VBZ B-VP
n't RB I-VP
get VB I-VP
adequate JJ B-NP
bids NNS I-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

People NNS B-NP
familiar JJ B-ADJP
with IN B-PP
B.A.T NNP B-NP
say VBP B-VP
possible JJ B-NP
acquirers NNS I-NP
for IN B-PP
the DT B-NP
units NNS I-NP
include VBP B-VP
managers NNS B-NP
from IN B-PP
both DT B-NP
retailing NN I-NP
chains NNS I-NP
, , O
and CC O
General NNP B-NP
Cinema NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
interested JJ B-ADJP
in IN B-PP
bidding NN B-VP
for IN B-PP
Saks NNP B-NP
. . O

Other JJ B-NP
potential JJ I-NP
bidders NNS I-NP
for IN B-PP
parts NNS B-NP
of IN B-PP
B.A.T NNP B-NP
's POS B-NP
U.S. NNP I-NP
retail JJ I-NP
unit NN I-NP
include VBP B-VP
Dillard NNP B-NP
Department NNP I-NP
Stores NNP I-NP
Inc. NNP I-NP
, , O
May NNP B-NP
Department NNP I-NP
Stores NNP I-NP
Co. NNP I-NP
and CC O
Limited NNP B-NP
Inc NNP I-NP
. . O

B.A.T NNP B-NP
has VBZ B-VP
declined VBN I-VP
to TO I-VP
identify VB I-VP
the DT B-NP
potential JJ I-NP
bidders NNS I-NP
. . O

Though IN O
Sir NNP B-NP
James NNP I-NP
has VBZ B-VP
said VBD I-VP
he PRP B-NP
intends VBZ B-VP
to TO I-VP
mount VB I-VP
a DT B-NP
new JJ I-NP
bid NN I-NP
for IN B-PP
B.A.T NNP B-NP
once RB B-SBAR
approval NN B-NP
from IN B-PP
U.S. NNP B-NP
insurance NN I-NP
regulators NNS I-NP
is VBZ B-VP
received VBN I-VP
, , O
jitters NNS B-NP
over IN B-PP
prospects NNS B-NP
for IN B-PP
junk-bond NN B-NP
financing NN I-NP
and CC O
U.S. NNP B-NP
leverage NN I-NP
buy-outs NNS I-NP
are VBP B-VP
making VBG I-VP
investors NNS B-NP
more RBR B-ADJP
skeptical JJ I-ADJP
about IN B-PP
Sir NNP B-NP
James NNP I-NP
's POS B-NP
prospects NNS I-NP
. . O

His PRP$ B-NP
initial JJ I-NP
offer NN I-NP
indicated VBD B-VP
he PRP B-NP
needed VBD B-VP
to TO I-VP
raise VB I-VP
as RB B-NP
much JJ I-NP
as IN I-NP
80 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
takeover NN I-NP
financing NN I-NP
through IN B-PP
the DT B-NP
debt NN I-NP
markets NNS I-NP
. . O

Market NN B-NP
uncertainty NN I-NP
also RB B-ADVP
clouds VBZ B-VP
the DT B-NP
outlook NN I-NP
for IN B-PP
B.A.T NNP B-NP
's POS B-NP
attracting VBG B-VP
a DT B-NP
premium NN I-NP
price NN I-NP
for IN B-PP
its PRP$ B-NP
U.S. NNP I-NP
retailing NN I-NP
properties NNS I-NP
. . O

Finally RB B-ADVP
, , O
Tuesday NNP B-NP
's POS B-NP
California NNP I-NP
earthquake NN I-NP
initially RB B-ADVP
knocked VBD B-VP
3.7 CD B-NP
% NN I-NP
off IN B-PP
B.A.T NNP B-NP
's POS B-NP
share NN I-NP
price NN I-NP
in IN B-PP
London NNP B-NP
yesterday NN B-NP
because IN B-PP
of IN I-PP
fears NNS B-NP
of IN B-PP
the DT B-NP
potential JJ I-NP
claims NNS I-NP
to TO B-PP
Los NNP B-NP
Angeles-based JJ I-NP
Farmers NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
a DT B-NP
substantial JJ I-NP
portion NN I-NP
of IN B-PP
its PRP$ B-NP
property NN I-NP
and CC I-NP
casualty NN I-NP
exposure NN I-NP
in IN B-PP
California NNP B-NP
. . O

On IN B-PP
Farmers NNP B-NP
, , O
Mr. NNP B-NP
Prideaux NNP I-NP
said VBD B-VP
it PRP B-NP
is VBZ B-VP
too RB B-ADVP
early JJ I-ADVP
to TO B-VP
quantify VB I-VP
the DT B-NP
level NN I-NP
of IN B-PP
potential JJ B-NP
claims NNS I-NP
. . O

He PRP B-NP
added VBD B-VP
B.A.T NNP B-NP
`` `` O
has VBZ B-VP
no DT B-NP
expectation NN I-NP
of IN B-PP
a DT B-NP
material NN I-NP
impact NN I-NP
on IN B-PP
Farmers NNP B-NP
. . O

Bridge NNP B-NP
and CC I-NP
highway NN I-NP
collapses VBZ I-NP
will MD B-VP
disrupt VB I-VP
truck NN B-NP
and CC I-NP
auto NN I-NP
transportation NN I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
area NN I-NP
for IN B-PP
months NNS B-NP
to TO B-VP
come VB I-VP
. . O

But CC O
rail NN B-NP
, , I-NP
air NN I-NP
and CC I-NP
ocean-shipping NN I-NP
links NNS I-NP
to TO B-PP
the DT B-NP
area NN I-NP
escaped VBD B-VP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
with IN B-PP
only RB B-NP
minor JJ I-NP
damage NN I-NP
, , O
and CC O
many JJ B-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
operating VBG I-VP
normally RB B-ADVP
today NN B-NP
, , O
government NN B-NP
and CC I-NP
corporate JJ I-NP
transport NN I-NP
officials NNS I-NP
said VBD B-VP
. . O

Air NN B-NP
traffic NN I-NP
at IN B-PP
San NNP B-NP
Francisco NNP I-NP
International NNP I-NP
Airport NNP I-NP
was VBD B-VP
running VBG I-VP
about IN B-NP
50 CD I-NP
% NN I-NP
of IN B-PP
normal JJ B-NP
yesterday NN B-NP
afternoon NN I-NP
, , O
but CC O
airport NN B-NP
officals NNS I-NP
said VBD B-VP
they PRP B-NP
expect VBP B-VP
a DT B-NP
return NN I-NP
to TO B-PP
full JJ B-NP
operations NNS I-NP
by IN B-PP
Saturday NNP B-NP
. . O

The DT B-NP
major JJ I-NP
gateway NN I-NP
to TO B-PP
Asia NNP B-NP
and CC O
one CD B-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
10 CD I-NP
busiest JJS I-NP
airports NNS I-NP
was VBD B-VP
closed VBN I-VP
to TO B-PP
all DT B-NP
but CC O
emergency NN B-NP
traffic NN I-NP
from IN B-PP
the DT B-NP
time NN I-NP
the DT B-NP
quake NN I-NP
hit VBD B-VP
Tuesday NNP B-NP
afternoon NN I-NP
, , O
until IN B-PP
6 CD B-NP
a.m. NN I-NP
PDT NNP I-NP
yesterday NN I-NP
when WRB B-ADVP
controllers NNS B-NP
returned VBD B-VP
to TO B-PP
the DT B-NP
tower NN I-NP
. . O

Getting VBG B-VP
to TO B-PP
and CC I-PP
from IN I-PP
the DT B-NP
airport NN I-NP
in IN B-PP
coming VBG B-NP
weeks NNS I-NP
may MD B-VP
be VB I-VP
the DT B-NP
problem NN I-NP
, , O
however RB B-ADVP
. . O

`` `` O
People NNS B-NP
's POS B-NP
ability NN I-NP
to TO B-VP
drive VB I-VP
throughout IN B-PP
the DT B-NP
bay NN I-NP
area NN I-NP
is VBZ B-VP
greatly RB I-VP
restricted VBN I-VP
, , O
'' '' O
said VBD B-VP
a DT B-NP
spokesman NN I-NP
for IN B-PP
the DT B-NP
American NNP I-NP
Automobile NNP I-NP
Association NNP I-NP
. . O

Tom NNP B-NP
Schumacher NNP I-NP
, , O
executive JJ B-NP
vice NN I-NP
president NN I-NP
and CC O
general JJ B-NP
manager NN I-NP
of IN B-PP
the DT B-NP
California NNP I-NP
Trucking NNP I-NP
Association NNP I-NP
in IN B-PP
Sacremento NNP B-NP
, , O
said VBD B-VP
his PRP$ B-NP
organization NN I-NP
urged VBD B-VP
trucking NN B-NP
firms NNS I-NP
to TO B-VP
halt VB I-VP
all DT B-NP
deliveries NNS I-NP
into IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
yesterday NN B-NP
, , O
except IN B-PP
for IN B-PP
emergency-medical JJ B-NP
supplies NNS I-NP
. . O

`` `` O
Some DT B-NP
foodstuff NN I-NP
shipments NNS I-NP
will MD B-VP
probably RB I-VP
resume VB I-VP
Thursday NNP B-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
Right RB B-ADVP
now RB I-ADVP
most RBS B-NP
of IN B-PP
the DT B-NP
roads NNS I-NP
into IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
are VBP B-VP
closed VBN I-VP
, , O
but CC O
the DT B-NP
list NN I-NP
of IN B-PP
closings NNS B-NP
changes NNS B-VP
about IN B-NP
every DT I-NP
20 CD I-NP
minutes NNS I-NP
. . O

This DT B-NP
-LCB- ( O
Wednesday NNP O
-RCB- ) O
morning NN B-NP
the DT B-NP
San NNP I-NP
Mateo NNP I-NP
bridge NN I-NP
was VBD B-VP
open JJ B-ADJP
and CC O
now RB B-ADVP
we PRP B-NP
are VBP B-VP
informed VBN I-VP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
closed VBN B-ADJP
, , O
'' '' O
Mr. NNP B-NP
Schumacher NNP I-NP
said VBD B-VP
. . O

United NNP B-NP
Parcel NNP I-NP
Service NNP I-NP
, , O
Greenwich NNP B-NP
, , O
Conn. NNP B-NP
, , O
said VBD B-VP
its PRP$ B-NP
operations NNS I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
have VBP B-VP
been VBN I-VP
reduced VBN I-VP
to TO B-PP
40 CD B-NP
% NN I-NP
of IN B-PP
normal JJ B-NP
. . O

A DT B-NP
UPS NNP I-NP
spokesman NN I-NP
said VBD B-VP
that IN B-SBAR
although IN B-SBAR
none NN B-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
terminals NNS I-NP
, , I-NP
trucks NNS I-NP
or CC I-NP
airplanes NNS I-NP
were VBD B-VP
damaged VBN I-VP
in IN B-PP
the DT B-NP
quake NN I-NP
, , O
road NN B-NP
shutdowns NNS I-NP
and CC O
power NN B-NP
failures NNS I-NP
have VBP B-VP
impeded VBN I-VP
its PRP$ B-NP
pickup NN I-NP
and CC I-NP
delivery NN I-NP
of IN B-PP
packages NNS B-NP
. . O

The DT B-NP
spokesman NN I-NP
noted VBD B-VP
four-hour JJ B-NP
to TO I-NP
five-hour JJ I-NP
traffic NN I-NP
delays NNS I-NP
on IN B-PP
the DT B-NP
San NNP I-NP
Mateo NNP I-NP
bridge NN I-NP
, , O
for IN B-PP
example NN B-NP
. . O

In IN B-PP
addition NN B-NP
, , O
power NN B-NP
failures NNS I-NP
prevented VBD B-VP
its PRP$ B-NP
package-sorting NN I-NP
facilities NNS I-NP
from IN B-PP
operating VBG B-VP
, , O
causing VBG B-VP
delays NNS B-NP
. . O

But CC O
freight NN B-NP
railroads NNS I-NP
reported VBD B-VP
that DT O
damage NN B-NP
to TO B-PP
their PRP$ B-NP
facilities NNS I-NP
was VBD B-VP
relatively RB B-ADJP
minor JJ I-ADJP
, , O
with IN B-SBAR
Santa NNP B-NP
Fe NNP I-NP
Pacific NNP I-NP
Corp. NNP I-NP
's POS B-NP
rail NN I-NP
unit NN I-NP
the DT B-NP
least RBS I-NP
affected VBN I-NP
by IN B-PP
the DT B-NP
quake NN I-NP
. . O

Santa NNP B-NP
Fe NNP I-NP
stopped VBD B-VP
freight NN B-NP
trains NNS I-NP
Tuesday NNP B-NP
night NN I-NP
while IN B-SBAR
its PRP$ B-NP
officials NNS I-NP
inspected VBD B-VP
track NN B-NP
but CC O
resumed VBD B-VP
service NN B-NP
at IN B-PP
10:45 CD B-NP
p.m. NN I-NP
when WRB B-ADVP
they PRP B-NP
found VBD B-VP
no DT B-NP
damage NN I-NP
. . O

Union NNP B-NP
Pacific NNP I-NP
Corp. NNP I-NP
's POS B-NP
rail NN I-NP
unit NN I-NP
said VBD B-VP
that IN B-SBAR
except IN B-PP
for IN B-PP
damage NN B-NP
to TO B-PP
shipping VBG B-NP
containers NNS I-NP
in IN B-PP
its PRP$ B-NP
Oakland NNP I-NP
yard NN I-NP
, , O
its PRP$ B-NP
track NN I-NP
, , I-NP
bridges NNS I-NP
and CC I-NP
structures NNS I-NP
were VBD B-VP
unharmed JJ B-ADJP
. . O

That DT B-NP
railroad NN I-NP
is VBZ B-VP
operating VBG I-VP
trains NNS B-NP
but CC B-PP
with IN B-PP
delays NNS B-NP
caused VBN B-VP
by IN B-PP
employees NNS B-NP
unable JJ B-ADJP
to TO B-VP
get VB I-VP
to TO B-PP
work VB B-NP
. . O

Southern NNP B-NP
Pacific NNP I-NP
Transportation NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
hardest JJS I-NP
hit VBD I-NP
of IN B-PP
the DT B-NP
three CD I-NP
railroads NNS I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
, , O
said VBD B-VP
service NN B-NP
on IN B-PP
its PRP$ B-NP
north-south JJ I-NP
coastline NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
used VBN I-VP
by IN B-PP
an DT B-NP
Amtrak NNP I-NP
train NN I-NP
between IN B-PP
Los NNP B-NP
Angeles NNP I-NP
and CC O
Seattle NNP B-NP
, , O
was VBD B-VP
suspended VBN I-VP
temporarily RB B-ADVP
because IN B-PP
of IN I-PP
kinked JJ B-NP
rails NNS I-NP
near IN B-PP
the DT B-NP
epicenter NN I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
. . O

But CC O
service NN B-NP
on IN B-PP
the DT B-NP
line NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
resume VB I-VP
by IN B-PP
noon NN B-NP
today NN B-NP
. . O

`` `` O
We PRP B-NP
had VBD B-VP
no DT B-NP
serious JJ I-NP
damage NN I-NP
on IN B-PP
the DT B-NP
railroad NN I-NP
, , O
'' '' O
said VBD B-VP
a DT B-NP
Southern NNP I-NP
Pacific NNP I-NP
spokesman NN I-NP
. . O

`` `` O
We PRP B-NP
have VBP B-VP
no DT B-NP
problem NN I-NP
to TO B-PP
our PRP$ B-NP
freight NN I-NP
service NN I-NP
at IN B-ADVP
all DT I-ADVP
expect VBP B-PP
for IN B-PP
the DT B-NP
fact NN I-NP
businesses NNS B-NP
are VBP B-VP
shut VBN I-VP
down RB B-PRT
. . O
'' '' O

Amtrak NNP B-NP
said VBD B-VP
it PRP B-NP
suspended VBD B-VP
train NN B-NP
service NN I-NP
into IN B-PP
its PRP$ B-NP
Oakland NNP I-NP
station NN I-NP
, , O
which WDT B-NP
sustained VBD B-VP
`` `` O
heavy JJ B-NP
structural JJ I-NP
damage NN I-NP
'' '' O
during IN B-PP
the DT B-NP
quake NN I-NP
. . O

The DT B-NP
passenger NN I-NP
railroad NN I-NP
said VBD B-VP
it PRP B-NP
terminated VBD B-VP
some DT B-NP
runs VBZ I-NP
in IN B-PP
Sacramento NNP B-NP
, , O
relying VBG B-VP
on IN B-PP
buses NNS B-NP
to TO B-VP
ferry VB I-VP
passengers NNS B-NP
to TO B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
. . O

Amtrak NNP B-NP
said VBD B-VP
it PRP B-NP
planned VBD B-VP
to TO I-VP
resume VB I-VP
some DT B-NP
train NN I-NP
operations NNS I-NP
to TO B-PP
Oakland NNP B-NP
late JJ B-NP
yesterday NN I-NP
. . O

Rail-transit NN B-NP
operations NNS I-NP
suffered VBD B-VP
little JJ B-NP
damage NN I-NP
, , O
according VBG B-PP
to TO B-PP
Albert NNP B-NP
Engelken NNP I-NP
, , O
deputy NN B-NP
executive JJ I-NP
director NN I-NP
of IN B-PP
the DT B-NP
American NNP I-NP
Public NNP I-NP
Transit NNP I-NP
Association NNP I-NP
in IN B-PP
Washington NNP B-NP
. . O

The DT B-NP
Bay NNP I-NP
Area NNP I-NP
Rapid NNP I-NP
Transit NNP I-NP
`` `` O
withstood VBD B-VP
the DT B-NP
earthquake NN I-NP
perfectly RB B-ADVP
, , O
'' '' O
said VBD B-VP
Mr. NNP B-NP
Engelken NNP I-NP
, , O
adding VBG B-VP
that IN B-SBAR
the DT B-NP
rail NN I-NP
system NN I-NP
was VBD B-VP
running VBG I-VP
a DT B-NP
full JJ I-NP
fleet NN I-NP
of IN B-PP
45 CD B-NP
trains NNS I-NP
during IN B-PP
the DT B-NP
day NN I-NP
to TO B-VP
provide VB I-VP
an DT B-NP
alternative NN I-NP
for IN B-PP
highway NN B-NP
travelers NNS I-NP
. . O

`` `` O
The DT B-NP
highway NN I-NP
system NN I-NP
is VBZ B-VP
screwed VBN I-VP
up IN B-PRT
'' '' O
by IN B-PP
the DT B-NP
earthquake NN I-NP
, , O
Mr. NNP B-NP
Engelken NNP I-NP
said VBD B-VP
. . O

`` `` O
The DT B-NP
transit NN I-NP
system NN I-NP
is VBZ B-VP
how WRB B-ADVP
people NNS B-NP
are VBP B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
getting VBG I-VP
around IN B-ADVP
. . O
'' '' O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
San NNP B-NP
Francisco NNP I-NP
's POS B-NP
trolley NN I-NP
cars NNS I-NP
and CC I-NP
trolley NN I-NP
buses NNS I-NP
were VBD B-VP
also RB I-VP
running VBG I-VP
at IN B-PP
full JJ B-NP
service NN I-NP
levels NNS I-NP
. . O

Although IN B-SBAR
air-traffic NN B-NP
delays NNS I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
were VBD B-VP
significant JJ B-ADJP
yesterday NN B-NP
, , O
they PRP B-NP
did VBD B-VP
n't RB I-VP
appear VB I-VP
to TO I-VP
spread VB I-VP
to TO B-PP
other JJ B-NP
airports NNS I-NP
. . O

The DT B-NP
earthquake NN I-NP
shattered VBD B-VP
windows NNS B-NP
at IN B-PP
San NNP B-NP
Francisco NNP I-NP
International NNP I-NP
's POS B-NP
air-traffic NN I-NP
control NN I-NP
tower NN I-NP
and CC O
rained VBD B-VP
pieces NNS B-NP
of IN B-PP
the DT B-NP
ceiling NN I-NP
down RB B-ADVP
on IN B-PP
controllers NNS B-NP
, , O
three CD B-NP
of IN B-PP
whom WP B-NP
suffered VBD B-VP
minor JJ B-NP
injuries NNS I-NP
. . O

Terminals NNS B-NP
at IN B-PP
San NNP B-NP
Francisco NNP I-NP
International NNP I-NP
also RB B-ADVP
were VBD B-VP
damaged VBN I-VP
, , O
but CC O
the DT B-NP
tower NN I-NP
itself PRP B-NP
was VBD B-VP
intact JJ B-ADJP
. . O

Tuesday NNP B-NP
night NN I-NP
, , O
thousands NNS B-NP
were VBD B-VP
diverted VBN I-VP
to TO B-PP
other JJ B-NP
airports NNS I-NP
and CC O
had VBD B-VP
to TO I-VP
wait VB I-VP
a DT B-NP
day NN I-NP
to TO B-VP
resume VB I-VP
travel NN B-NP
. . O

Runways NNS B-NP
at IN B-PP
San NNP B-NP
Francisco NNP I-NP
were VBD B-VP
n't RB I-VP
damaged VBN I-VP
, , O
but CC O
traffic NN B-NP
was VBD B-VP
being VBG I-VP
limited JJ I-VP
yesterday NN B-NP
to TO B-PP
27 CD B-NP
arrivals NNS I-NP
and CC O
27 CD B-NP
departures NNS I-NP
an DT B-NP
hour NN I-NP
-- : O
down RB B-ADVP
from IN B-PP
33 CD B-NP
to TO I-NP
45 CD I-NP
an DT B-NP
hour NN I-NP
normally RB B-ADVP
-- : O
mainly RB B-ADVP
because IN B-SBAR
the DT B-NP
noise NN I-NP
level NN I-NP
in IN B-PP
the DT B-NP
control NN I-NP
tower NN I-NP
was VBD B-VP
overwhelming JJ B-ADJP
without IN B-PP
the DT B-NP
windows NNS I-NP
, , O
an DT B-NP
FAA NNP I-NP
spokeswoman NN I-NP
said VBD B-VP
. . O

While IN B-SBAR
the DT B-NP
airport NN I-NP
was VBD B-VP
closed VBN B-ADJP
, , O
flights NNS B-NP
were VBD B-VP
diverted VBN I-VP
to TO B-PP
airports NNS B-NP
in IN B-PP
Sacramento NNP B-NP
and CC I-NP
Stockton NNP I-NP
, , O
Calif. NNP B-NP
; : O
Reno NNP B-NP
and CC O
Las NNP B-NP
Vegas NNP I-NP
, , O
Nev. NNP B-NP
; : O
and CC O
Los NNP B-NP
Angeles NNP I-NP
. . O

United NNP B-NP
Airlines NNPS I-NP
, , O
the DT B-NP
largest JJS I-NP
carrier NN I-NP
at IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
was VBD B-VP
operating VBG I-VP
only RB B-NP
50 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
scheduled VBN I-NP
service NN I-NP
in IN B-PP
and CC I-PP
out IN I-PP
of IN B-PP
the DT B-NP
area NN I-NP
because IN B-PP
of IN I-PP
damage NN B-NP
to TO B-PP
its PRP$ B-NP
terminal NN I-NP
, , O
which WDT B-NP
in IN B-PP
turn NN B-NP
was VBD B-VP
causing VBG I-VP
delays NNS B-NP
for IN B-PP
travelers NNS B-NP
headed VBN B-VP
to TO B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
. . O

A DT B-NP
United NNP I-NP
spokesman NN I-NP
said VBD B-VP
14 CD B-NP
of IN B-PP
its PRP$ B-NP
21 CD I-NP
gates NNS I-NP
were VBD B-VP
unusable JJ B-ADJP
, , O
mainly RB B-ADVP
because IN B-PP
of IN I-PP
water NN B-NP
damage NN I-NP
caused VBN B-VP
when WRB B-ADVP
a DT B-NP
sprinkler NN I-NP
system NN I-NP
was VBD B-VP
triggered VBN I-VP
by IN B-PP
the DT B-NP
tremors NNS I-NP
. . O

The DT B-NP
United NNP I-NP
spokesman NN I-NP
said VBD B-VP
none NN B-NP
of IN B-PP
its PRP$ B-NP
people NNS I-NP
were VBD B-VP
injured VBN I-VP
at IN B-PP
the DT B-NP
airport NN I-NP
; : O
in IN B-PP
fact NN B-NP
, , O
as IN B-SBAR
the DT B-NP
airport NN I-NP
was VBD B-VP
being VBG I-VP
evacuated VBN I-VP
Tuesday NNP B-NP
night NN I-NP
, , O
two CD B-NP
babies NNS I-NP
were VBD B-VP
born VBN I-VP
. . O

Yesterday NN B-NP
, , O
the DT B-NP
United NNP I-NP
ticket NN I-NP
counter NN I-NP
was VBD B-VP
active JJ B-ADJP
, , O
with IN B-PP
people NNS B-NP
trying VBG B-VP
to TO I-VP
get VB I-VP
flights NNS B-NP
out IN B-ADJP
, , O
but CC O
the DT B-NP
airline NN I-NP
said VBD B-VP
demand NN B-NP
for IN B-PP
seats NNS B-NP
into IN B-PP
the DT B-NP
city NN I-NP
also RB B-ADVP
was VBD B-VP
active JJ B-ADJP
, , O
with IN B-PP
people NNS B-NP
trying VBG B-VP
to TO I-VP
get VB I-VP
there EX B-ADVP
to TO B-VP
help VB I-VP
family NN B-NP
and CC I-NP
friends NNS I-NP
. . O

The DT B-NP
airports NNS I-NP
in IN B-PP
San NNP B-NP
Jose NNP I-NP
and CC O
Oakland NNP B-NP
were VBD B-VP
both DT O
fully RB B-ADJP
operational JJ I-ADJP
by IN B-PP
noon NN B-NP
yesterday NN B-NP
, , O
the DT B-NP
Federal NNP I-NP
Aviation NNP I-NP
Administration NNP I-NP
said VBD B-VP
. . O

In IN B-PP
terms NNS B-NP
of IN B-PP
diversions NNS B-NP
, , O
Denver NNP B-NP
's POS B-NP
Stapleton NNP I-NP
International NNP I-NP
may MD B-VP
have VB I-VP
experienced VBN I-VP
the DT B-NP
most RBS I-NP
far-flung JJ I-NP
: : O
A DT B-NP
United NNP I-NP
flight NN I-NP
from IN B-PP
Japan NNP B-NP
was VBD B-VP
rerouted VBN I-VP
there RB B-ADVP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
that DT B-NP
's VBZ B-VP
the DT B-NP
first JJ I-NP
nonstop JJ I-NP
commercial JJ I-NP
passenger NN I-NP
flight NN I-NP
from IN B-PP
Japan NNP B-NP
to TO B-VP
land VB I-VP
here RB B-ADVP
, , O
'' '' O
an DT B-NP
airport NN I-NP
spokesman NN I-NP
said VBD B-VP
. . O

A DT B-NP
Japan NNP I-NP
Air NNP I-NP
Lines NNPS I-NP
spokesman NN I-NP
said VBD B-VP
its PRP$ B-NP
flights NNS I-NP
into IN B-PP
and CC B-PP
out IN B-PP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
were VBD B-VP
n't RB I-VP
affected VBN I-VP
, , O
but CC O
getting VBG B-VP
information NN B-NP
about IN B-PP
its PRP$ B-NP
operations NNS I-NP
was VBD B-VP
difficult JJ B-ADJP
. . O

Its PRP$ B-NP
telecommunications NNS I-NP
headquarters NN I-NP
in IN B-PP
Burlingame NNP B-NP
, , O
Calif. NNP B-NP
, , O
had VBD B-VP
been VBN I-VP
knocked VBN I-VP
out IN B-PRT
since IN B-PP
the DT B-NP
quake NN I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
in IN B-PP
the DT B-NP
dark NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Whitbread NNP B-NP
& CC I-NP
Co. NNP I-NP
put VB B-VP
its PRP$ B-NP
spirits NNS I-NP
division NN I-NP
up IN B-ADVP
for IN B-PP
sale NN B-NP
, , O
triggering VBG B-VP
a DT B-NP
scramble NN I-NP
among IN B-PP
global JJ B-NP
groups NNS I-NP
for IN B-PP
the DT B-NP
British JJ I-NP
company NN I-NP
's POS B-NP
brands NNS I-NP
. . O

Whitbread NNP B-NP
already RB B-ADVP
has VBZ B-VP
been VBN I-VP
approached VBN I-VP
by IN B-PP
`` `` B-NP
about IN I-NP
half PDT I-NP
a DT I-NP
dozen NN I-NP
'' '' I-NP
companies NNS I-NP
interested JJ B-ADJP
in IN B-PP
buying VBG B-VP
all DT B-NP
or CC I-NP
part NN I-NP
of IN B-PP
the DT B-NP
spirits NNS I-NP
business NN I-NP
, , O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

Analysts NNS B-NP
expect VBP B-VP
the DT B-NP
spirits NNS I-NP
operations NNS I-NP
and CC O
some DT B-NP
California NNP I-NP
vineyards NNS I-NP
that IN B-NP
also RB B-ADVP
are VBP B-VP
being VBG I-VP
sold VBN I-VP
to TO B-VP
fetch VB I-VP
about IN B-NP
# # I-NP
500 CD I-NP
million CD I-NP
-LRB- ( O
$ $ B-NP
788.8 CD I-NP
million CD I-NP
-RRB- ) O
. . O

Among IN B-PP
the DT B-NP
brands NNS I-NP
for IN B-PP
sale NN B-NP
are VBP B-VP
Beefeater NNP B-NP
gin NN I-NP
, , O
the DT B-NP
No. NN I-NP
2 CD I-NP
imported VBN I-NP
gin NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
and CC O
Laphroaig NNP B-NP
single-malt JJ I-NP
whiskey NN I-NP
. . O

Also RB B-ADVP
for IN B-PP
sale NN B-NP
are VBP B-VP
Buckingham NNP B-NP
Wile NNP I-NP
Co. NNP I-NP
, , O
which WDT B-NP
distributes VBZ B-VP
Cutty NNP B-NP
Sark NNP I-NP
blended JJ I-NP
whiskey NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
and CC O
Whitbread NNP B-NP
's POS B-NP
Atlas NNP I-NP
Peak NNP I-NP
Vineyards NNS I-NP
in IN B-PP
California NNP B-NP
's POS B-NP
Napa NNP I-NP
Valley NNP I-NP
. . O

Beefeater NNP B-NP
alone RB B-ADVP
is VBZ B-VP
worth JJ B-ADJP
as RB B-NP
much JJ I-NP
as IN I-NP
# # I-NP
300 CD I-NP
million CD I-NP
, , O
analysts NNS B-NP
said VBD B-VP
. . O

Whitbread NNP B-NP
bought VBD B-VP
the DT B-NP
Beefeater NNP I-NP
distillery NN I-NP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
for IN B-PP
# # B-NP
174.5 CD I-NP
million CD I-NP
. . O

That DT B-NP
purchase NN I-NP
represented VBD B-VP
an DT B-NP
attempt NN I-NP
by IN B-PP
Whitbread NNP B-NP
, , O
a DT B-NP
venerable JJ I-NP
British JJ I-NP
brewer NN I-NP
, , O
to TO B-VP
become VB I-VP
a DT B-NP
major JJ I-NP
player NN I-NP
in IN B-PP
the DT B-NP
global JJ I-NP
liquor NN I-NP
business NN I-NP
. . O

But CC O
Whitbread NNP B-NP
has VBZ B-VP
been VBN I-VP
squeezed VBN I-VP
by IN B-PP
giant NN B-NP
rivals NNS I-NP
amid IN B-PP
widespread JJ B-NP
consolidation NN I-NP
in IN B-PP
the DT B-NP
industry NN I-NP
. . O

Now RB B-ADVP
, , O
it PRP B-NP
wants VBZ B-VP
to TO I-VP
concentrate VB I-VP
on IN B-PP
beer NN B-NP
and CC O
its PRP$ B-NP
newer JJR I-NP
hotel NN I-NP
and CC I-NP
restaurant NN I-NP
operations NNS I-NP
. . O

For IN B-PP
rival JJ B-NP
liquor NN I-NP
companies NNS I-NP
, , O
the DT B-NP
Whitbread NNP I-NP
auction NN I-NP
is VBZ B-VP
a DT B-NP
rare JJ I-NP
opportunity NN I-NP
to TO B-VP
acquire VB I-VP
valuable JJ B-NP
brands NNS I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
not RB O
very RB B-ADVP
often RB I-ADVP
something NN B-NP
like IN B-PP
this DT B-NP
comes VBZ B-VP
up IN B-PRT
, , O
'' '' O
said VBD B-VP
Ron NNP B-NP
Littleboy NNP I-NP
, , O
a DT B-NP
liquor NN I-NP
company NN I-NP
analyst NN I-NP
at IN B-PP
Nomura NNP B-NP
Research NNP I-NP
Institute NNP I-NP
in IN B-PP
London NNP B-NP
. . O

`` `` O
The DT B-NP
division NN I-NP
will MD B-VP
be VB I-VP
sold VBN I-VP
off IN B-PRT
quite RB B-ADVP
rapidly RB I-ADVP
, , O
'' '' O
predicted VBD B-VP
Neill NNP B-NP
Junor NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
London NNP B-NP
brokers NNS I-NP
County NNP I-NP
NatWest NNP I-NP
WoodMac NNP I-NP
. . O

Among IN B-PP
possible JJ B-NP
buyers NNS I-NP
, , O
Grand NNP B-NP
Metropolitan NNP I-NP
PLC NNP I-NP
might MD B-VP
find VB I-VP
Beefeater NNP B-NP
a DT B-NP
useful JJ I-NP
addition NN I-NP
to TO B-PP
its PRP$ B-NP
portfolio NN I-NP
. . O

Grand NNP B-NP
Met NNP I-NP
owns VBZ B-VP
Bombay NNP B-NP
gin NN I-NP
, , O
the DT B-NP
No. NN I-NP
3 CD I-NP
imported VBN I-NP
gin NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
; : O
rival JJ B-NP
Guinness NNP I-NP
PLC NNP I-NP
has VBZ B-VP
the DT B-NP
No. NN I-NP
1 CD I-NP
imported VBN I-NP
brand NN I-NP
, , O
Tanqueray NNP B-NP
. . O

The DT B-NP
Whitbread NNP I-NP
spirits NNS I-NP
auction NN I-NP
`` `` O
is VBZ B-VP
an DT B-NP
extremely RB I-NP
interesting JJ I-NP
development NN I-NP
... : O
and CC O
naturally RB B-ADVP
we PRP B-NP
'll MD B-VP
be VB I-VP
considering VBG I-VP
it PRP B-NP
carefully RB B-ADVP
, , O
'' '' O
a DT B-NP
Grand NNP I-NP
Met NNP I-NP
spokesman NN I-NP
said VBD B-VP
. . O

Guinness NNP B-NP
, , O
which WDT B-NP
owns VBZ B-VP
several JJ B-NP
leading NN I-NP
whiskey NN I-NP
brands NNS I-NP
plus CC O
Gordon NNP B-NP
's POS B-NP
gin NN I-NP
, , O
the DT B-NP
world NN I-NP
's POS B-NP
No. NN I-NP
1 CD I-NP
gin NN I-NP
, , O
is VBZ B-VP
considered VBN I-VP
less RBR B-ADJP
likely JJ I-ADJP
to TO B-VP
bid VB I-VP
for IN B-PP
the DT B-NP
Whitbread NNP I-NP
spirits NNS I-NP
. . O

A DT B-NP
Guinness NNP I-NP
spokesman NN I-NP
declined VBD B-VP
to TO I-VP
comment VB I-VP
. . O

Two CD B-NP
other JJ I-NP
global JJ I-NP
liquor NN I-NP
giants NNS I-NP
, , O
Canada NNP B-NP
's POS B-NP
Seagram NNP I-NP
Co. NNP I-NP
and CC O
Britain NNP B-NP
's POS B-NP
Allied-Lyons NNP I-NP
PLC NNP I-NP
, , O
also RB B-ADVP
are VBP B-VP
possible JJ B-NP
buyers NNS I-NP
. . O

Seagram NNP B-NP
's POS B-NP
gin NN I-NP
is VBZ B-VP
the DT B-NP
world NN I-NP
's POS B-NP
No. NN I-NP
2 CD I-NP
gin NN I-NP
brand NN I-NP
, , O
but CC O
the DT B-NP
company NN I-NP
does VBZ B-VP
n't RB I-VP
own VB I-VP
any DT B-NP
of IN B-PP
the DT B-NP
major JJ I-NP
gin NN I-NP
brands NNS I-NP
imported VBN B-VP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

Allied-Lyons NNP B-NP
, , O
while IN B-SBAR
powerful JJ B-ADJP
in IN B-PP
whiskey NN B-NP
, , O
does VBZ B-VP
n't RB I-VP
own VB I-VP
any DT B-NP
major JJ I-NP
white-spirit NN I-NP
brands NNS I-NP
. . O

`` `` O
We PRP B-NP
will MD B-VP
certainly RB I-VP
have VB I-VP
to TO I-VP
take VB I-VP
a DT B-NP
look NN I-NP
at IN B-PP
'' '' O
the DT B-NP
Whitbread NNP I-NP
spirits NNS I-NP
business NN I-NP
, , O
an DT B-NP
Allied-Lyons NNP I-NP
spokesman NN I-NP
said VBD B-VP
. . O

`` `` O
We PRP B-NP
would MD B-VP
certainly RB I-VP
like VB I-VP
to TO I-VP
have VB I-VP
a DT B-NP
major JJ I-NP
white-spirits JJ I-NP
brand NN I-NP
in IN B-PP
our PRP$ B-NP
portfolio NN I-NP
. . O
'' '' O

A DT B-NP
Seagram NNP I-NP
spokesman NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
would MD B-VP
n't RB I-VP
comment VB I-VP
. . O

Smaller JJR B-NP
liquor NN I-NP
companies NNS I-NP
, , O
such JJ B-PP
as IN I-PP
Brown-Forman NNP B-NP
Corp. NNP I-NP
and CC O
American NNP B-NP
Brands NNP I-NP
Inc. NNP I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
also RB B-ADVP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
interested JJ B-ADJP
. . O

Such JJ B-NP
companies NNS I-NP
`` `` O
are VBP B-VP
increasingly RB I-VP
being VBG I-VP
left VBN O
behind IN B-ADVP
'' '' O
in IN B-PP
the DT B-NP
global JJ I-NP
liquor NN I-NP
business NN I-NP
, , O
says VBZ B-VP
Nomura NNP B-NP
's POS B-NP
Mr. NNP I-NP
Littleboy NNP I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
, , O
a DT B-NP
spokesman NN I-NP
for IN B-PP
American NNP B-NP
Brands NNP I-NP
would MD B-VP
n't RB I-VP
comment VB I-VP
. . O

Brown-Forman NNP B-NP
, , O
a DT B-NP
Louisville NNP I-NP
, , I-NP
Ky. NNP I-NP
distiller NN I-NP
, , O
also RB B-ADVP
declined VBD B-VP
to TO I-VP
comment VB I-VP
. . O

Whitbread NNP B-NP
's POS B-NP
wine NN B-UCP
, , I-UCP
spirits NNS I-UCP
and CC I-UCP
soft-drink NN I-UCP
operations NNS B-NP
had VBD B-VP
trading NN B-NP
profit NN I-NP
of IN B-PP
# # B-NP
35.4 CD I-NP
million CD I-NP
on IN B-PP
sales NNS B-NP
of IN B-PP
# # B-NP
315.5 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
year NN I-NP
ended VBN B-VP
Feb. NNP B-NP
25 CD I-NP
. . O

The DT B-NP
company NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
retaining VBG I-VP
most RBS B-NP
of IN B-PP
its PRP$ B-NP
wine NN I-NP
and CC O
all DT B-NP
of IN B-PP
its PRP$ B-NP
soft-drink NN I-NP
interests NNS B-NP
, , O
did VBD B-VP
n't RB I-VP
break VB I-VP
out RP B-PRT
results NNS B-NP
for IN B-PP
the DT B-NP
businesses NNS I-NP
it PRP B-NP
plans VBZ B-VP
to TO I-VP
sell VB I-VP
. . O

But CC O
analysts NNS B-NP
estimate VBP B-VP
their PRP$ B-NP
trading NN I-NP
profit NN I-NP
at IN B-PP
# # B-NP
30 CD I-NP
million CD I-NP
. . O

Whitbread NNP B-NP
had VBD B-VP
total JJ B-NP
pretax JJ I-NP
profit NN I-NP
in IN B-PP
the DT B-NP
year NN I-NP
ended VBN B-VP
Feb. NNP B-NP
25 CD I-NP
of IN B-PP
# # B-NP
223.2 CD I-NP
million CD I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
# # B-NP
2.26 CD I-NP
billion CD I-NP
. . O

Whitbread NNP B-NP
's POS B-NP
spirits NNS I-NP
auction NN I-NP
occurs VBZ B-VP
amid IN B-PP
a DT B-NP
parallel JJ I-NP
shakeup NN I-NP
in IN B-PP
the DT B-NP
British JJ I-NP
beer NN I-NP
industry NN I-NP
. . O

Earlier RBR B-NP
this DT I-NP
year NN I-NP
, , O
the DT B-NP
government NN I-NP
announced VBD B-VP
plans NNS B-NP
to TO B-VP
foster VB I-VP
increased VBN B-NP
competition NN I-NP
in IN B-PP
the DT B-NP
industry NN I-NP
. . O

British JJ B-NP
brewers NNS I-NP
currently RB B-ADVP
own JJ B-VP
thousands NNS B-NP
of IN B-PP
pubs NNS B-NP
, , O
which WDT B-NP
in IN B-PP
turn NN B-NP
sell NN B-VP
only RB B-ADVP
the DT B-NP
breweries NNS I-NP
' POS B-NP
beer NN I-NP
and CC I-NP
soft JJ I-NP
drinks NNS I-NP
. . O

Under IN B-PP
new JJ B-NP
rules NNS I-NP
, , O
many NN B-NP
of IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
pubs NNS I-NP
would MD B-VP
become VB I-VP
`` `` O
free JJ B-NP
houses NNS I-NP
, , O
'' '' O
selling VBG B-VP
beers NNS B-NP
of IN B-PP
their PRP$ B-NP
choice NN I-NP
. . O

Whitbread NNP B-NP
now RB B-ADVP
intends VBZ B-VP
to TO I-VP
bolster VB I-VP
its PRP$ B-NP
brewing NN I-NP
interests NNS I-NP
, , O
in IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
grab VB I-VP
a DT B-NP
share NN I-NP
of IN B-PP
sales NNS B-NP
to TO B-PP
free VB B-NP
houses NNS I-NP
. . O

The DT B-NP
company NN I-NP
, , O
which WDT B-NP
last JJ B-NP
month NN I-NP
paid VBN B-VP
# # B-NP
50.7 CD I-NP
million CD I-NP
for IN B-PP
regional JJ B-NP
British JJ I-NP
brewer NN I-NP
Boddington NNP I-NP
Group NNP I-NP
PLC NNP I-NP
, , O
has VBZ B-VP
about IN B-NP
13 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
British JJ I-NP
beer NN I-NP
market NN I-NP
. . O

Whitbread NNP B-NP
also RB B-ADVP
owns VBZ B-VP
the DT B-NP
license NN I-NP
to TO B-VP
brew VB I-VP
and CC I-VP
distribute VB I-VP
Heineken NNP B-NP
and CC O
Stella NNP B-NP
Artois NNP I-NP
beers NNS I-NP
in IN B-PP
Britain NNP B-NP
. . O

In IN B-PP
addition NN B-NP
, , O
Whitbread NNP B-NP
intends VBZ B-VP
to TO I-VP
focus VB I-VP
on IN B-PP
its PRP$ B-NP
newer JJR I-NP
hotel NN I-NP
, , I-NP
liquor NN I-NP
store NN I-NP
and CC I-NP
restaurant NN I-NP
businesses NNS I-NP
in IN B-PP
Europe NNP B-NP
and CC O
North NNP B-NP
America NNP I-NP
. . O

In IN B-PP
Britain NNP B-NP
, , O
those DT B-NP
interests NNS I-NP
include VBP B-VP
the DT B-NP
Beefeater NNP I-NP
steakhouse NN I-NP
chain NN I-NP
and CC O
joint JJ B-NP
ownership NN I-NP
with IN B-PP
PepsiCo NNP B-NP
Inc. NNP I-NP
of IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
Pizza NNP I-NP
Hut NNP I-NP
chain NN I-NP
. . O

In IN B-PP
Canada NNP B-NP
and CC O
the DT B-NP
U.S. NNP I-NP
, , O
Whitbread NNP B-NP
owns VBZ B-VP
The DT B-NP
Keg NNP I-NP
chain NN I-NP
of IN B-PP
steak NN B-NP
and CC I-NP
seafood NN I-NP
restaurants NNS I-NP
. . O

Focusing VBG B-VP
on IN B-PP
beer NN B-NP
, , I-NP
restaurants NNS I-NP
and CC I-NP
hotels NNS I-NP
means VBZ B-VP
`` `` O
we PRP B-NP
can MD B-VP
concentrate VB I-VP
our PRP$ B-NP
skills NNS I-NP
and CC I-NP
resources NNS I-NP
more RBR B-ADVP
effectively RB I-ADVP
, , O
'' '' O
Peter NNP B-NP
Jarvis NNP I-NP
, , O
Whitbread NNP B-NP
's POS B-NP
managing VBG I-NP
director NN I-NP
, , O
said VBD B-VP
in IN B-PP
a DT B-NP
statement NN I-NP
. . O

The DT B-NP
spirits NNS I-NP
business NN I-NP
`` `` O
would MD B-VP
require VB I-VP
substantial JJ B-NP
additional JJ I-NP
investment NN I-NP
to TO B-VP
enable VB I-VP
it PRP B-NP
to TO B-VP
compete VB I-VP
effectively RB B-ADVP
in IN B-PP
the DT B-NP
first JJ I-NP
division NN I-NP
of IN B-PP
global JJ B-NP
players NNS I-NP
. . O
'' '' O

Whitbread NNP B-NP
also RB B-ADVP
announced VBD B-VP
that IN B-SBAR
Mr. NNP B-NP
Jarvis NNP I-NP
, , O
who WP B-NP
is VBZ B-VP
48 CD B-NP
, , O
will MD B-VP
become VB I-VP
the DT B-NP
company NN I-NP
's POS B-NP
chief JJ I-NP
executive NN I-NP
March NNP B-NP
1 CD I-NP
. . O

At IN B-PP
that DT B-NP
time NN I-NP
Sam NNP B-NP
Whitbread NNP I-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
chairman NN I-NP
and CC O
a DT B-NP
descendant NN I-NP
of IN B-PP
its PRP$ B-NP
18th-century JJ I-NP
founder NN I-NP
, , O
will MD B-VP
retire VB I-VP
from IN B-PP
executive NN B-NP
duties NNS I-NP
. . O

He PRP B-NP
will MD B-VP
retain VB I-VP
the DT B-NP
honorary JJ I-NP
title NN I-NP
of IN B-PP
non-executive JJ B-NP
chairman NN I-NP
. . O

The DT B-NP
Treasury NNP I-NP
plans VBZ B-VP
to TO I-VP
raise VB I-VP
$ $ B-NP
700 CD I-NP
million CD I-NP
in IN B-PP
new JJ B-NP
cash NN I-NP
with IN B-PP
the DT B-NP
sale NN I-NP
Tuesday NNP B-NP
of IN B-PP
about RB B-NP
$ $ I-NP
10 CD I-NP
billion CD I-NP
in IN B-PP
two-year JJ B-NP
notes NNS I-NP
to TO B-VP
redeem VB I-VP
$ $ B-NP
9.29 CD I-NP
billion CD I-NP
in IN B-PP
maturing VBG B-NP
notes NNS I-NP
. . O

The DT B-NP
offering NN I-NP
will MD B-VP
be VB I-VP
dated VBN I-VP
Oct. NNP B-NP
31 CD I-NP
and CC O
mature NNP B-VP
Oct. NNP B-NP
31 CD I-NP
, , O

Tenders NNS B-NP
for IN B-PP
the DT B-NP
notes NNS I-NP
, , O
available JJ B-ADJP
in IN B-PP
minimum JJ B-NP
$ $ I-NP
5,000 CD I-NP
denominations NNS I-NP
, , O
must MD B-VP
be VB I-VP
received VBN I-VP
by IN B-PP
1 CD B-NP
p.m. NN I-NP
EDT NNP I-NP
Tuesday NNP B-NP
at IN B-PP
the DT B-NP
Treasury NNP I-NP
or CC B-PP
at IN B-PP
Federal NNP B-NP
Reserve NNP I-NP
banks NNS I-NP
or CC I-NP
branches NNS I-NP
. . O

NEWHALL NNP B-NP
LAND NNP I-NP
& CC I-NP
FARMING NNP I-NP
Co. NNP I-NP
, , O
Valencia NNP B-NP
, , O
Calif. NNP B-NP
, , O
announced VBD B-VP
a DT B-NP
2-for-1 JJ I-NP
split NN I-NP
in IN B-PP
the DT B-NP
real JJ I-NP
estate NN I-NP
limited JJ I-NP
partnership NN I-NP
's POS B-NP
units NNS I-NP
and CC O
increased VBN B-VP
its PRP$ B-NP
regular JJ I-NP
quarterly JJ I-NP
cash NN I-NP
distribution NN I-NP
33 CD B-NP
% NN I-NP
, , O
to TO B-PP
40 CD B-NP
cents NNS I-NP
a DT B-NP
unit NN I-NP
. . O

The DT B-NP
real JJ I-NP
estate NN I-NP
limited JJ I-NP
partnership NN I-NP
also RB B-ADVP
said VBD B-VP
it PRP B-NP
will MD B-VP
pay VB I-VP
a DT B-NP
special JJ I-NP
year-end NN I-NP
cash NN I-NP
distribution NN I-NP
of IN B-PP
10 CD B-NP
cents NNS I-NP
a DT B-NP
unit NN I-NP
. . O

Both DT B-NP
distributions NNS I-NP
are VBP B-VP
payable JJ B-ADJP
Dec. NNP B-NP
4 CD I-NP
to TO B-PP
limited JJ B-NP
partners NNS I-NP
of IN B-PP
record NN B-NP
Nov. NNP B-NP
3 CD I-NP
. . O

Mellon NNP B-NP
Bank NNP I-NP
Corp. NNP I-NP
said VBD B-VP
directors NNS B-NP
authorized VBD B-VP
the DT B-NP
buy-back NN I-NP
of IN B-PP
as RB B-NP
many JJ I-NP
as IN I-NP
250,000 CD I-NP
common JJ I-NP
shares NNS I-NP
. . O

The DT B-NP
bank NN I-NP
holding VBG I-NP
company NN I-NP
said VBD B-VP
stock NN B-NP
repurchased VBN B-VP
will MD B-VP
be VB I-VP
used VBN I-VP
to TO B-VP
meet VB I-VP
requirements NNS B-NP
for IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
benefit NN I-NP
plans NNS I-NP
. . O

Mellon NNP B-NP
has VBZ B-VP
36.6 CD B-NP
million CD I-NP
shares NNS I-NP
outstanding JJ B-ADJP
. . O

Champion NNP B-NP
International NNP I-NP
Corp. NNP I-NP
's POS B-NP
third-quarter JJ I-NP
profit NN I-NP
dropped VBD B-VP
17 CD B-NP
% NN I-NP
, , O
reflecting VBG B-VP
price NN B-NP
declines NNS I-NP
for IN B-PP
certain JJ B-NP
paper NN I-NP
products NNS I-NP
, , O
operating VBG B-NP
problems NNS I-NP
at IN B-PP
certain JJ B-NP
mills NNS I-NP
, , O
and CC O
other JJ B-NP
factors NNS I-NP
. . O

The DT B-NP
paper NN I-NP
producer NN I-NP
reported VBD B-VP
that IN B-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
102.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.09 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
122.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.29 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
2.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
1.32 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
1.29 CD I-NP
billion CD I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Champion NNP B-NP
's POS B-NP
shares NNS I-NP
rose VBD B-VP
25 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
32.125 CD I-NP
. . O

Digital NNP B-NP
Equipment NNP I-NP
Corp. NNP I-NP
is VBZ B-VP
planning VBG I-VP
a DT B-NP
big JJ I-NP
coming-out JJ I-NP
party NN I-NP
on IN B-PP
Tuesday NNP B-NP
for IN B-PP
its PRP$ B-NP
first JJ I-NP
line NN I-NP
of IN B-PP
mainframe NN B-NP
computers NNS I-NP
. . O

But CC O
an DT B-NP
uninvited JJ I-NP
guest NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
try VB I-VP
to TO I-VP
crash VB I-VP
the DT B-NP
party NN I-NP
. . O

On IN B-PP
the DT B-NP
morning NN I-NP
of IN B-PP
the DT B-NP
long-planned JJ I-NP
announcement NN I-NP
, , O
International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
is VBZ B-VP
to TO I-VP
introduce VB I-VP
its PRP$ B-NP
own JJ I-NP
new JJ I-NP
mainframe NN I-NP
. . O

`` `` O
Their PRP$ B-NP
attitude NN I-NP
is VBZ B-VP
, , O
` `` O
You PRP B-NP
want VBP B-VP
to TO I-VP
talk VB I-VP
mainframes NNS B-NP
, , O
we PRP B-NP
'll MD B-VP
talk VB I-VP
mainframes NNS B-NP
, , O
' '' O
'' '' O
says VBZ B-VP
one CD B-NP
computer NN I-NP
industry NN I-NP
executive NN I-NP
. . O

`` `` O
They PRP B-NP
're VBP B-VP
deliberately RB I-VP
trying VBG I-VP
to TO I-VP
steal VB I-VP
our PRP$ B-NP
thunder NN I-NP
, , O
'' '' O
a DT B-NP
Digital NNP I-NP
executive NN I-NP
complains VBZ B-VP
. . O

`` `` O
Maybe RB B-ADVP
we PRP B-NP
should MD B-VP
take VB I-VP
it PRP B-NP
as IN B-PP
a DT B-NP
compliment NN I-NP
. . O
'' '' O

Digital NNP B-NP
's POS B-NP
target NN I-NP
is VBZ B-VP
the DT B-NP
$ $ I-NP
40 CD I-NP
billion CD I-NP
market NN I-NP
for IN B-PP
mainframe NN B-NP
computers NNS I-NP
, , O
the DT B-NP
closet-sized JJ I-NP
number-crunchers NNS I-NP
that IN B-NP
nearly RB B-NP
every DT I-NP
big JJ I-NP
company NN I-NP
needs VBZ B-VP
to TO B-VP
run VB I-VP
its PRP$ B-NP
business NN I-NP
. . O

IBM NNP B-NP
, , O
based VBN B-VP
in IN B-PP
Armonk NNP B-NP
, , O
N.Y. NNP B-NP
, , O
has VBZ B-VP
dominated VBN I-VP
the DT B-NP
market NN I-NP
for IN B-PP
decades NNS B-NP
. . O

That DT B-NP
does VBZ B-VP
n't RB I-VP
scare VB I-VP
Digital NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
grown VBN I-VP
to TO I-VP
be VB I-VP
the DT B-NP
world NN I-NP
's POS B-NP
second-largest JJ I-NP
computer NN I-NP
maker NN I-NP
by IN B-PP
poaching VBG B-VP
customers NNS B-NP
of IN B-PP
IBM NNP B-NP
's POS B-NP
mid-range JJ I-NP
machines NNS I-NP
. . O

Digital NNP B-NP
, , O
based VBN B-VP
in IN B-PP
Maynard NNP B-NP
, , O
Mass. NNP B-NP
, , O
hopes VBZ B-VP
to TO I-VP
stage VB I-VP
a DT B-NP
repeat NN I-NP
performance NN I-NP
in IN B-PP
mainframes NNS B-NP
, , O
and CC O
it PRP B-NP
has VBZ B-VP
spent VBN I-VP
almost RB B-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
developing VBG B-VP
the DT B-NP
new JJ I-NP
technology NN I-NP
. . O

A DT B-NP
spoiler NN I-NP
, , O
nimble JJ B-NP
Tandem NNP I-NP
Computers NNP I-NP
Inc. NNP I-NP
in IN B-PP
Cupertino NNP B-NP
, , O
Calif. NNP B-NP
, , O
jumped VBD B-VP
into IN B-PP
the DT B-NP
fray NN I-NP
earlier RBR B-NP
this DT I-NP
week NN I-NP
with IN B-PP
an DT B-NP
aggressively RB I-NP
priced VBN I-NP
entry NN I-NP
. . O

IBM NNP B-NP
appears VBZ B-VP
more RBR B-ADJP
worried VBN I-ADJP
about IN B-PP
Digital NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
a DT B-NP
broad JJ I-NP
base NN I-NP
of IN B-PP
customers NNS B-NP
waiting VBG B-VP
for IN B-PP
the DT B-NP
new JJ I-NP
line NN I-NP
, , O
dubbed VBD B-VP
the DT B-NP
VAX NNP I-NP
9000 CD I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
nuclear JJ B-NP
war NN I-NP
, , O
'' '' O
says VBZ B-VP
Thomas NNP B-NP
Willmott NNP I-NP
, , O
a DT B-NP
consultant NN I-NP
with IN B-PP
Aberdeen NNP B-NP
Group NNP I-NP
Inc NNP I-NP
. . O

The DT B-NP
surge NN I-NP
in IN B-PP
competition NN B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
stir VB I-VP
new JJ B-NP
life NN I-NP
into IN B-PP
the DT B-NP
huge JJ I-NP
mainframe NN I-NP
market NN I-NP
, , O
where WRB B-ADVP
growth NN B-NP
has VBZ B-VP
slowed VBN I-VP
to TO B-PP
single VB B-NP
digits NNS I-NP
in IN B-PP
recent JJ B-NP
years NNS I-NP
. . O

IBM NNP B-NP
's POS B-NP
traditional JJ I-NP
mainframe NN I-NP
rivals NNS I-NP
, , O
including VBG B-PP
Unisys NNP B-NP
Corp. NNP I-NP
, , O
Control NNP B-NP
Data NNP I-NP
Corp. NNP I-NP
and CC O
NCR NNP B-NP
Corp. NNP I-NP
, , O
have VBP B-VP
struggled VBN I-VP
recently RB B-ADVP
. . O

Digital NNP B-NP
is VBZ B-VP
promising JJ I-VP
a DT B-NP
new JJ I-NP
approach NN I-NP
. . O

Robert NNP B-NP
M. NNP I-NP
Glorioso NNP I-NP
, , O
Digital NNP B-NP
's POS B-NP
vice NN I-NP
president NN I-NP
for IN B-PP
high JJ B-NP
performance NN I-NP
systems NNS I-NP
, , O
says VBZ B-VP
Digital NNP B-NP
's POS B-NP
mainframe NN I-NP
is VBZ B-VP
designed VBN I-VP
not RB O
as IN B-PP
a DT B-NP
central JJ I-NP
computer NN I-NP
around IN B-PP
which WDT B-NP
everything NN B-NP
revolves VBZ B-VP
, , B-PP
but CC I-PP
as IN B-PP
part NN B-NP
of IN B-PP
a DT B-NP
decentralized JJ I-NP
network NN I-NP
weaving VBG B-VP
together RB B-ADVP
hundreds NNS B-NP
of IN B-PP
workstations NNS B-NP
, , O
personal JJ B-NP
computers NNS I-NP
, , O
printers NNS B-NP
and CC O
other JJ B-NP
devices NNS I-NP
. . O

And CC O
unlike IN B-PP
IBM NNP B-NP
's POS B-NP
water-cooled JJ I-NP
mainframes NNS I-NP
, , O
it PRP B-NP
does VBZ B-VP
n't RB I-VP
need VB I-VP
any DT B-NP
plumbing NN I-NP
. . O

The DT B-NP
challengers NNS I-NP
will MD B-VP
have VB I-VP
a DT B-NP
big JJ I-NP
price NN I-NP
advantage NN I-NP
. . O

Digital NNP B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
tag VB I-VP
its PRP$ B-NP
new JJ I-NP
line NN I-NP
from IN B-PP
about RB B-NP
$ $ I-NP
1.24 CD I-NP
million CD I-NP
to TO B-PP
$ $ B-NP
4.4 CD I-NP
million CD I-NP
and CC I-NP
up IN I-NP
, , O
depending VBG B-VP
on IN B-PP
configuration NN B-NP
. . O

That DT B-NP
's VBZ B-VP
about IN B-NP
half PDT I-NP
the DT I-NP
price NN I-NP
of IN B-PP
comparably RB B-NP
equipped VBN I-NP
IBM NNP I-NP
mainframes NNS I-NP
. . O

Tandem NNP B-NP
's POS B-NP
pricing NN I-NP
is VBZ B-VP
just RB B-ADJP
as IN I-ADJP
aggressive JJ I-ADJP
. . O

The DT B-NP
heightened VBN I-NP
competition NN I-NP
will MD B-VP
hit VB I-VP
IBM NNP B-NP
at IN B-PP
a DT B-NP
difficult JJ I-NP
time NN I-NP
. . O

The DT B-NP
computer NN I-NP
giant NN I-NP
's POS B-NP
current JJ I-NP
mainframe NN I-NP
line NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
sold VBN I-VP
well RB B-ADVP
and CC O
has VBZ B-VP
huge JJ B-NP
profit NN I-NP
margins NNS I-NP
, , O
is VBZ B-VP
starting VBG I-VP
to TO I-VP
show VB I-VP
its PRP$ B-NP
age NN I-NP
. . O

The DT B-NP
new JJ I-NP
3090s CD I-NP
due JJ B-ADJP
next JJ B-NP
week NN I-NP
will MD B-VP
boost VB I-VP
performance NN B-NP
by IN B-PP
only RB B-NP
about IN I-NP
8 CD I-NP
% NN I-NP
to TO I-NP
10 CD I-NP
% NN I-NP
. . O

And CC O
IBM NNP B-NP
is VBZ B-VP
n't RB I-VP
expected VBN I-VP
to TO I-VP
deliver VB I-VP
a DT B-NP
new JJ I-NP
generation NN I-NP
of IN B-PP
mainframes NNS B-NP
until IN B-PP
1991 CD B-NP
. . O

Still RB B-ADVP
, , O
no DT B-NP
one CD I-NP
expects VBZ B-VP
IBM NNP B-NP
's POS B-NP
rivals NNS I-NP
to TO B-VP
deliver VB I-VP
a DT B-NP
knockout NN I-NP
. . O

IBM NNP B-NP
has VBZ B-VP
a DT B-NP
near-monopoly NN I-NP
on IN B-PP
mainframes NNS B-NP
, , O
with IN B-PP
an DT B-NP
estimated VBN I-NP
70 CD I-NP
% NN I-NP
share NN I-NP
of IN B-PP
the DT B-NP
market NN I-NP
. . O

IBM NNP B-NP
is VBZ B-VP
five CD B-NP
times VBZ I-NP
the DT I-NP
size NN I-NP
of IN B-PP
Digital NNP B-NP
-- : O
and CC O
40 CD B-NP
times VBZ I-NP
the DT I-NP
size NN I-NP
of IN B-PP
Tandem NNP B-NP
-- : O
and CC O
wields VBZ B-VP
enormous JJ B-NP
market NN I-NP
power NN I-NP
. . O

It PRP B-NP
counts VBZ B-VP
among IN B-PP
its PRP$ B-NP
customers NNS I-NP
a DT B-NP
majority NN I-NP
of IN B-PP
the DT B-NP
world NN I-NP
's POS B-NP
largest JJS I-NP
corporations NNS I-NP
, , O
which WDT B-NP
entrust VBP B-VP
their PRP$ B-NP
most RBS I-NP
critical JJ I-NP
business NN I-NP
information NN I-NP
to TO B-PP
IBM NNP B-NP
computers NNS I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
not RB I-VP
going VBG I-VP
to TO I-VP
walk VB I-VP
in IN B-ADVP
and CC O
replace VB B-VP
a DT B-NP
company NN I-NP
's POS B-NP
corporate JJ I-NP
accounting NN I-NP
system NN I-NP
if IN B-SBAR
it PRP B-NP
's VBZ B-VP
already RB I-VP
running VBG I-VP
on IN B-PP
an DT B-NP
IBM NNP I-NP
mainframe NN I-NP
, , O
'' '' O
concedes VBZ B-VP
Kenneth NNP B-NP
H. NNP I-NP
Olsen NNP I-NP
, , O
Digital NNP B-NP
's POS B-NP
president NN I-NP
. . O

He PRP B-NP
says VBZ B-VP
Digital NNP B-NP
will MD B-VP
target VB I-VP
faster-growing JJR B-NP
market NN I-NP
segments NNS I-NP
such JJ B-PP
as IN I-PP
on-line JJ B-NP
transaction NN I-NP
processing NN I-NP
, , O
which WDT B-NP
includes VBZ B-VP
retail-sales JJ B-NP
tracking NN I-NP
, , O
airline NN B-NP
reservations NNS I-NP
and CC O
bank-teller NN B-NP
networks NNS I-NP
. . O

Tandem NNP B-NP
, , O
which WDT B-NP
already RB B-ADVP
specializes VBZ B-VP
in IN B-PP
on-line JJ B-NP
transaction NN I-NP
processing NN I-NP
, , O
is VBZ B-VP
a DT B-NP
potent JJ I-NP
competitor NN I-NP
in IN B-PP
that DT B-NP
market NN I-NP
. . O

A DT B-NP
key JJ I-NP
marketing NN I-NP
target NN I-NP
for IN B-PP
Digital NNP B-NP
will MD B-VP
be VB I-VP
the DT B-NP
large JJ I-NP
number NN I-NP
of IN B-PP
big JJ B-NP
customers NNS I-NP
who WP B-NP
already RB B-ADVP
own VB B-VP
both DT B-NP
Digital NNP I-NP
and CC I-NP
IBM NNP I-NP
systems NNS I-NP
. . O

One CD B-NP
such JJ I-NP
company NN I-NP
is VBZ B-VP
Bankers NNP B-NP
Trust NNP I-NP
Co NNP I-NP
. . O

Stanley NNP B-NP
Rose NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
, , O
technological JJ B-NP
and CC I-NP
strategic JJ I-NP
planning NN I-NP
at IN B-PP
Bankers NNP B-NP
Trust NNP I-NP
, , O
says VBZ B-VP
that IN B-SBAR
despite IN B-PP
Digital NNP B-NP
's POS B-NP
low JJ I-NP
prices NNS I-NP
, , O
`` `` O
we PRP B-NP
are VBP B-VP
n't RB O
about IN O
to TO B-VP
unplug VB I-VP
our PRP$ B-NP
IBM NNP I-NP
mainframes NNS I-NP
for IN B-PP
a DT B-NP
DEC NNP I-NP
machine NN I-NP
. . O

The DT B-NP
software NN I-NP
conversion NN I-NP
costs NNS I-NP
would MD B-VP
dwarf VB I-VP
any DT B-NP
savings NNS I-NP
. . O
'' '' O

But CC O
Mr. NNP B-NP
Rose NNP I-NP
is VBZ B-VP
still RB I-VP
looking VBG I-VP
seriously RB B-ADVP
at IN B-PP
the DT B-NP
9000 CD I-NP
. . O

Bankers NNP B-NP
Trust NNP I-NP
uses VBZ B-VP
Digital NNP B-NP
's POS B-NP
VAX NNP I-NP
to TO B-VP
run VB I-VP
its PRP$ B-NP
huge JJ I-NP
money-transfer NN I-NP
and CC I-NP
capital NN I-NP
markets NNS I-NP
accounts NNS I-NP
, , O
juggling VBG B-VP
hundreds NNS B-NP
of IN B-PP
billions NNS B-NP
of IN B-PP
dollars NNS B-NP
each DT B-NP
day NN I-NP
, , O
he PRP B-NP
says VBZ B-VP
. . O

As IN B-SBAR
that DT B-NP
system NN I-NP
grows VBZ B-VP
, , O
larger JJR B-NP
computers NNS I-NP
may MD B-VP
be VB I-VP
needed VBN I-VP
. . O

`` `` O
In IN B-PP
the DT B-NP
past NN I-NP
, , O
customers NNS B-NP
had VBD B-VP
to TO I-VP
go VB I-VP
to TO B-PP
IBM NNP B-NP
when WRB B-ADVP
they PRP B-NP
outgrew VBD B-VP
the DT B-NP
VAX NNP I-NP
. . O

Now RB B-ADVP
they PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
to TO I-VP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

`` `` O
That DT B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
cost VB I-VP
IBM NNP B-NP
revenue NN B-NP
. . O
'' '' O

Analysts NNS B-NP
say VBP B-VP
Digital NNP B-NP
can MD B-VP
expect VB I-VP
this DT B-NP
pent-up JJ I-NP
demand NN I-NP
for IN B-PP
the DT B-NP
new JJ I-NP
VAX NNP I-NP
to TO B-VP
fuel VB I-VP
strong JJ B-NP
sales NNS I-NP
next JJ B-NP
year NN I-NP
. . O

Barry NNP B-NP
F. NNP I-NP
Willman NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
Sanford NNP B-NP
C. NNP I-NP
Bernstein NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
estimates VBZ B-VP
the DT B-NP
9000 CD I-NP
could MD B-VP
boost VB I-VP
sales NNS B-NP
by IN B-PP
more JJR B-NP
than IN I-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
fiscal JJ I-NP
year NN I-NP
beginning VBG B-VP
in IN B-PP
July NNP B-NP
. . O

He PRP B-NP
bases VBZ B-VP
the DT B-NP
estimate NN I-NP
on IN B-PP
a DT B-NP
survey NN I-NP
of IN B-PP
hundreds NNS B-NP
of IN B-PP
Digital NNP B-NP
's POS B-NP
largest JJS I-NP
customers NNS I-NP
. . O

Although IN B-SBAR
Digital NNP B-NP
will MD B-VP
announce VB I-VP
a DT B-NP
full JJ I-NP
family NN I-NP
of IN B-PP
mainframes NNS B-NP
next JJ B-NP
week NN I-NP
, , O
it PRP B-NP
is VBZ B-VP
n't RB I-VP
expected VBN I-VP
to TO I-VP
begin VB I-VP
shipping VBG I-VP
in IN B-PP
volume NN B-NP
until IN B-PP
next JJ B-NP
year NN I-NP
. . O

The DT B-NP
first JJ I-NP
model NN I-NP
available JJ B-ADJP
will MD B-VP
be VB I-VP
the DT B-NP
210 CD I-NP
, , O
which WDT B-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
appeal VB I-VP
to TO B-PP
many VB B-NP
technical JJ I-NP
and CC I-NP
scientific JJ I-NP
buyers NNS I-NP
interested JJ B-VP
in IN B-PP
the DT B-NP
optional JJ I-NP
super-charger NN I-NP
, , I-NP
or CC I-NP
vector NN I-NP
processor NN I-NP
, , O
says VBZ B-VP
Terry NNP B-NP
Shannon NNP I-NP
of IN B-PP
International NNP B-NP
Data NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
market NN I-NP
research NN I-NP
concern NN I-NP
. . O

Four CD B-NP
more JJR I-NP
models NNS I-NP
, , O
aimed VBD B-VP
squarely RB B-ADVP
at IN B-PP
IBM NNP B-NP
's POS B-NP
commercial JJ I-NP
customers NNS I-NP
, , O
are VBP B-VP
expected VBN I-VP
to TO I-VP
begin VB I-VP
shipping VBG I-VP
in IN B-PP
late JJ B-NP
June NNP I-NP
. . O

Most JJS B-NP
analysts NNS I-NP
do VBP B-VP
n't RB I-VP
expect VB I-VP
the DT B-NP
new JJ I-NP
mainframes NNS I-NP
to TO B-VP
begin VB I-VP
contributing VBG I-VP
significantly RB B-ADVP
to TO B-PP
revenue NN B-NP
before IN B-PP
the DT B-NP
fiscal JJ I-NP
first JJ I-NP
quarter NN I-NP
, , O
which WDT B-NP
begins VBZ B-VP
next JJ B-NP
July NNP I-NP
1 CD I-NP
. . O

Digital NNP B-NP
's POS B-NP
new JJ I-NP
line NN I-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
long JJ I-NP
time NN I-NP
coming VBG B-VP
. . O

The DT B-NP
company NN I-NP
has VBZ B-VP
long RB I-VP
struggled VBN I-VP
to TO I-VP
deliver VB I-VP
a DT B-NP
strong JJ I-NP
mainframe-class JJ I-NP
product NN I-NP
, , O
and CC O
made VBD B-VP
a DT B-NP
costly JJ I-NP
decision NN I-NP
in IN B-PP
1988 CD B-NP
to TO B-VP
halt VB I-VP
development NN B-NP
of IN B-PP
an DT B-NP
interim JJ I-NP
product NN I-NP
meant VBD B-VP
to TO I-VP
stem VB I-VP
the DT B-NP
revenue NN I-NP
losses NNS I-NP
at IN B-PP
the DT B-NP
high JJ I-NP
end NN I-NP
. . O

Digital NNP B-NP
's POS B-NP
failure NN I-NP
to TO B-VP
deliver VB I-VP
a DT B-NP
true JJ I-NP
mainframe-class JJ I-NP
machine NN I-NP
before IN B-PP
now RB B-NP
may MD B-VP
have VB I-VP
cost VBN I-VP
the DT B-NP
company NN I-NP
as RB B-NP
much JJ I-NP
as IN I-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
in IN B-PP
revenue NN B-NP
in IN B-PP
fiscal JJ B-NP
1989 CD I-NP
, , O
Mr. NNP B-NP
Willman NNP I-NP
says VBZ B-VP
. . O

IBM NNP B-NP
will MD B-VP
face VB I-VP
still RB B-NP
more JJR I-NP
competition NN I-NP
in IN B-PP
coming VBG B-NP
months NNS I-NP
. . O

Amdahl NNP B-NP
Corp. NNP I-NP
, , O
backed VBN B-VP
by IN B-PP
Japan NNP B-NP
's POS B-NP
Fujitsu NNP I-NP
Ltd. NNP I-NP
, , O
has VBZ B-VP
a DT B-NP
growing VBG I-NP
share NN I-NP
of IN B-PP
the DT B-NP
market NN I-NP
with IN B-PP
its PRP$ B-NP
low-priced JJ I-NP
, , I-NP
IBM-compatible JJ I-NP
machines NNS I-NP
. . O

And CC O
National NNP B-NP
Advanced NNP I-NP
Systems NNPS I-NP
, , O
a DT B-NP
joint JJ I-NP
venture NN I-NP
of IN B-PP
Japan NNP B-NP
's POS B-NP
Hitachi NNP I-NP
Ltd. NNP I-NP
and CC O
General NNP B-NP
Motors NNPS I-NP
Corp. NNP I-NP
's POS B-NP
Electronic NNP I-NP
Data NNP I-NP
Systems NNPS I-NP
, , O
is VBZ B-VP
expected VBN I-VP
to TO I-VP
unveil VB I-VP
a DT B-NP
line NN I-NP
of IN B-PP
powerful JJ B-NP
IBM-compatible JJ I-NP
mainframes NNS I-NP
later RB B-NP
this DT I-NP
year NN I-NP
. . O

NOTE NN B-NP
: : O

NAS NNP B-NP
is VBZ B-VP
National NNP B-NP
Advanced NNP I-NP
Systems NNPS I-NP
, , O
CDC NNP B-NP
-- : O
Control NNP B-NP
Data NNP I-NP
Corp. NNP I-NP
, , B-NP
Bull NNP I-NP
NH NNP I-NP
Information NNP I-NP
Systems NNP I-NP
Inc NNP I-NP
. . O

Source NN B-NP
: : O
International NNP B-NP
Data NNP I-NP
Corp NNP I-NP
. . O

Compiled VBN B-VP
by IN B-PP
Publishers NNP B-NP
Weekly NNP I-NP
from IN B-PP
data NNS B-NP
from IN B-PP
large-city JJ B-NP
bookstores NNS I-NP
, , O
bookstore NN B-NP
chains NNS I-NP
and CC O
local JJ B-NP
bestseller NN I-NP
lists NNS I-NP
across IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

Copyright NNP B-NP
1989 CD B-NP
by IN B-PP
Reed NNP B-NP
Publishing NNP I-NP
USA NNP I-NP
. . O

The DT B-NP
frenetic JJ I-NP
stock NN I-NP
and CC I-NP
bond NN I-NP
markets NNS I-NP
cooled VBN B-VP
off IN B-ADVP
, , O
but CC O
the DT B-NP
dollar NN I-NP
slumped VBD B-VP
. . O

Stocks NNS B-NP
rose VBD B-VP
slightly RB B-ADVP
as IN B-SBAR
trading NN B-NP
activity NN I-NP
slowed VBD B-VP
from IN B-PP
the DT B-NP
frenzied JJ I-NP
pace NN I-NP
earlier RBR B-NP
this DT I-NP
week NN I-NP
. . O

Prices NNS B-NP
of IN B-PP
long-term JJ B-NP
Treasury NNP I-NP
bonds NNS I-NP
hovered VBD B-VP
in IN B-PP
a DT B-NP
narrow JJ I-NP
band NN I-NP
most RBS B-NP
of IN B-PP
the DT B-NP
day NN I-NP
, , O
finishing VBG B-VP
little RB B-ADJP
changed VBN I-ADJP
despite IN B-PP
the DT B-NP
dollar NN I-NP
's POS B-NP
weakness NN I-NP
and CC O
fears NNS B-NP
about IN B-PP
a DT B-NP
wave NN I-NP
of IN B-PP
government NN B-NP
borrowing NN I-NP
coming VBG B-VP
soon RB B-ADVP
. . O

Helped VBN B-VP
by IN B-PP
futures-related JJ B-NP
program NN I-NP
buying VBG I-NP
, , O
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
gained VBD B-VP
4.92 CD B-NP
points NNS I-NP
to TO B-VP
close VB I-VP
at IN B-PP
2643.65 CD B-NP
. . O

But CC O
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Transportation NNP I-NP
Average NNP I-NP
fell VBD B-VP
for IN B-PP
the DT B-NP
seventh-consecutive JJ I-NP
session NN I-NP
as IN B-SBAR
more JJR B-NP
investors NNS I-NP
dumped VBD B-VP
UAL NNP B-NP
shares NNS I-NP
. . O

Bond NN B-NP
prices NNS I-NP
rallied VBD B-VP
early JJ B-NP
yesterday NN I-NP
morning NN I-NP
as IN B-SBAR
traders NNS B-NP
scrambled VBD B-VP
to TO B-VP
buy VB I-VP
Treasury NNP B-NP
issues NNS I-NP
on IN B-PP
fears NNS B-NP
that IN B-SBAR
the DT B-NP
Northern NNP I-NP
California NNP I-NP
earthquake NN I-NP
might MD B-VP
lead VB I-VP
to TO B-PP
a DT B-NP
stock-market NN I-NP
debacle NN I-NP
. . O

But CC O
when WRB B-ADVP
stocks NNS B-NP
held VBD B-VP
steady JJ B-ADJP
, , O
Treasury NNP B-NP
bonds NNS I-NP
later RB B-ADVP
retreated VBD B-VP
. . O

Speculation NN B-NP
that IN B-SBAR
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
will MD B-VP
lower JJR I-VP
interest VB B-NP
rates NNS I-NP
in IN B-PP
coming VBG B-NP
weeks NNS I-NP
helped VBD B-VP
push VB I-VP
the DT B-NP
dollar NN I-NP
down RB B-ADVP
while IN O
boosting VBG B-VP
stocks NNS B-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

But CC O
many JJ B-NP
investors NNS I-NP
remain VBP B-VP
wary JJ B-ADJP
about IN B-PP
stocks NNS B-NP
, , O
partly RB B-ADVP
because IN B-SBAR
they PRP B-NP
expect VBP B-VP
continued VBD B-NP
turbulence NN I-NP
in IN B-PP
the DT B-NP
junk-bond NN I-NP
market NN I-NP
that WDT B-NP
would MD B-VP
make VB I-VP
it PRP B-NP
more RBR B-ADJP
difficult JJ I-ADJP
to TO B-VP
finance VB I-VP
corporate JJ B-NP
takeovers NNS I-NP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
surprised VBN B-ADJP
we PRP B-NP
did VBD B-VP
n't RB I-VP
see VB I-VP
more JJR B-NP
volatility NN I-NP
'' '' O
in IN B-PP
stocks NNS B-NP
, , O
said VBD B-VP
Raymond NNP B-NP
F. NNP I-NP
DeVoe NNP I-NP
Jr. NNP I-NP
, , O
market NN B-NP
strategist NN I-NP
at IN B-PP
Legg NNP B-NP
Mason NNP I-NP
Wood NNP I-NP
Walker NNP I-NP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
the DT B-NP
problems NNS I-NP
in IN B-PP
the DT B-NP
junk-bond NN I-NP
area NN I-NP
are VBP B-VP
just RB I-VP
beginning VBG I-VP
, , O
and CC O
this DT B-NP
will MD B-VP
be VB I-VP
very RB B-ADJP
unsettling JJ I-ADJP
for IN B-PP
companies NNS B-NP
that WDT B-NP
have VBP B-VP
issued VBN I-VP
junk NN B-NP
bonds NNS I-NP
. . O

In IN B-PP
a DT B-NP
bull NN I-NP
market NN I-NP
, , O
credit NN B-NP
does VBZ B-VP
not RB I-VP
matter VB I-VP
, , O
'' '' O
Mr. NNP B-NP
DeVoe NNP I-NP
added VBD B-VP
. . O

`` `` O
But CC O
when WRB B-ADVP
it PRP B-NP
does VBZ B-VP
matter NN I-VP
, , O
then RB O
it PRP B-NP
's VBZ B-VP
the DT B-NP
only JJ I-NP
thing NN I-NP
that IN B-NP
matters NNS B-VP
. . O
'' '' O

However RB B-ADVP
, , O
many JJ B-NP
institutional JJ I-NP
investors NNS I-NP
are VBP B-VP
reacting VBG I-VP
to TO B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
's POS B-NP
plunge NN I-NP
as IN B-PP
`` `` O
a DT B-NP
great JJ I-NP
buying NN I-NP
opportunity NN I-NP
, , O
'' '' O
said VBD B-VP
Charles NNP B-NP
I. NNP I-NP
Clough NNP I-NP
, , O
chief JJ B-NP
investment NN I-NP
strategist NN I-NP
at IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
Capital NNP I-NP
Markets NNPS I-NP
. . O

`` `` O
Things NNS B-NP
are VBP B-VP
beginning VBG I-VP
to TO I-VP
settle VB I-VP
down RB B-ADVP
. . O

The DT B-NP
markets NNS I-NP
are VBP B-VP
returning VBG I-VP
to TO B-PP
normalcy NN B-NP
. . O
'' '' O

Oil NN B-NP
prices NNS I-NP
initially RB B-ADVP
rose VBD B-VP
on IN B-PP
fears NNS B-NP
that IN B-SBAR
the DT B-NP
massive JJ I-NP
earthquake NN I-NP
in IN B-PP
Northern NNP B-NP
California NNP I-NP
would MD B-VP
disrupt VB I-VP
production NN B-NP
. . O

But CC O
prices NNS B-NP
later RB B-ADVP
reversed VBD B-VP
course NN B-NP
, , O
finishing VBG B-VP
slightly RB B-ADJP
lower JJR I-ADJP
, , O
as IN B-SBAR
investors NNS B-NP
concluded VBD B-VP
that IN B-SBAR
any DT B-NP
cuts NNS I-NP
would MD B-VP
n't RB I-VP
be VB I-VP
large JJ B-ADJP
and CC O
that IN B-SBAR
foreign JJ B-NP
oil NN I-NP
producers NNS I-NP
would MD B-VP
quickly RB I-VP
pick VB I-VP
up IN B-PRT
the DT B-NP
slack NN I-NP
. . O

In IN B-PP
major JJ B-NP
market NN I-NP
activity NN I-NP
: : O

Stock NN B-NP
prices NNS I-NP
rose VBD B-VP
. . O

New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
volume NN I-NP
shrank VBD B-VP
to TO B-PP
166.9 CD B-NP
million CD I-NP
shares NNS I-NP
from IN B-PP
224.1 CD B-NP
million CD I-NP
Tuesday NNP B-NP
. . O

Advancers NNS B-NP
on IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
outpaced VBD B-VP
decliners NNS B-NP
by IN B-PP
822 CD B-ADVP
to TO I-ADVP
668 CD I-ADVP
. . O

Bond NN B-NP
prices NNS I-NP
were VBD B-VP
little RB B-ADJP
changed VBN I-ADJP
in IN B-PP
sluggish JJ B-NP
activity NN I-NP
. . O

The DT B-NP
yield NN I-NP
on IN B-PP
the DT B-NP
Treasury NNP I-NP
's POS B-NP
30-year JJ I-NP
issue NN I-NP
fell VBD B-VP
slightly RB B-ADVP
to TO B-PP
8.03 CD B-NP
% NN I-NP
. . O

The DT B-NP
dollar NN I-NP
dropped VBD B-VP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
late JJ B-NP
yesterday NN I-NP
, , O
the DT B-NP
currency NN I-NP
was VBD B-VP
at IN B-PP
141.45 CD B-NP
yen NN I-NP
and CC O
1.8485 CD B-NP
marks NNS I-NP
, , O
down RB B-ADVP
from IN B-PP
142.75 CD B-NP
yen NN I-NP
and CC O
1.8667 CD B-NP
marks NNS I-NP
late JJ B-NP
Tuesday NNP I-NP
. . O

James NNP B-NP
L. NNP I-NP
Madson NNP I-NP
, , O
46 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
was VBD B-VP
named VBN I-VP
a DT B-NP
vice NN I-NP
president NN I-NP
and CC O
assistant NN B-NP
general JJ I-NP
manager NN I-NP
of IN B-PP
this DT B-NP
producer NN I-NP
of IN B-PP
copper NN B-NP
and CC O
other JJ B-NP
minerals NNS I-NP
. . O

He PRP B-NP
will MD B-VP
succeed VB I-VP
Arthur NNP B-NP
E. NNP I-NP
Himebaugh NNP I-NP
as IN B-PP
general JJ B-NP
manager NN I-NP
Feb. NNP B-NP
1 CD I-NP
, , O
when WRB B-ADVP
Mr. NNP B-NP
Himebaugh NNP I-NP
retires VBZ B-VP
. . O

AMR NNP B-NP
Corp. NNP I-NP
posted VBD B-VP
an DT B-NP
8.8 CD I-NP
% NN I-NP
drop NN I-NP
in IN B-PP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
and CC O
said VBD B-VP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
will MD B-VP
be VB I-VP
`` `` O
disappointing JJ B-ADJP
'' '' O
as IN B-ADVP
well RB I-ADVP
, , O
primarily RB B-ADVP
because IN B-PP
of IN I-PP
slimmer JJR B-NP
profit NN I-NP
margins NNS I-NP
and CC O
increased VBN B-NP
fuel NN I-NP
costs NNS I-NP
. . O

AMR NNP B-NP
's POS B-NP
earnings NNS I-NP
decline NN I-NP
comes VBZ B-VP
a DT B-NP
year NN I-NP
after IN B-SBAR
the DT B-NP
parent NN I-NP
company NN I-NP
of IN B-PP
American NNP B-NP
Airlines NNPS I-NP
and CC O
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
airline NN I-NP
industry NN I-NP
set VBD B-VP
profit NN B-NP
records NNS I-NP
. . O

Some DT B-NP
analysts NNS I-NP
say VBP B-VP
the DT B-NP
latest JJS I-NP
results NNS I-NP
only RB B-ADVP
seem VBP B-VP
pale JJ B-ADJP
by IN B-PP
comparison NN B-NP
with IN B-PP
a DT B-NP
spectacular JJ I-NP
second JJ I-NP
half NN I-NP
of IN B-PP
1988 CD B-NP
. . O

Still RB B-ADVP
, , O
AMR NNP B-NP
's POS B-NP
stumble NN I-NP
does VBZ B-VP
n't RB I-VP
bode VB I-VP
well RB B-ADVP
for IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
industry NN I-NP
. . O

The DT B-NP
Fort NNP I-NP
Worth NNP I-NP
, , I-NP
Texas NNP I-NP
, , I-NP
company NN I-NP
is VBZ B-VP
generally RB I-VP
regarded VBN I-VP
as IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
best-run JJS I-NP
in IN B-PP
the DT B-NP
business NN I-NP
, , O
and CC O
its PRP$ B-NP
difficulties NNS I-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
reflected VBN I-VP
industrywide JJ B-ADVP
as IN B-SBAR
other JJ B-NP
major JJ I-NP
carriers NNS I-NP
report VBP B-VP
third-quarter JJ B-NP
results NNS I-NP
over IN B-PP
the DT B-NP
next JJ I-NP
several JJ I-NP
days NNS I-NP
. . O

Meanwhile RB B-ADVP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
board NN I-NP
, , O
which WDT B-NP
had VBD B-VP
said VBD I-VP
nothing NN B-NP
publicly RB B-ADVP
about IN B-PP
investor NN B-NP
Donald NNP I-NP
Trump NNP I-NP
's POS B-NP
recently RB B-ADJP
withdrawn VBN I-ADJP
$ $ B-ADJP
7.5 CD O
billion CD O
offer NN B-NP
for IN B-PP
AMR NNP B-NP
, , O
issued VBD B-VP
a DT B-NP
statement NN I-NP
condemning VBG B-VP
`` `` B-NP
ill-conceived JJ I-NP
and CC I-NP
reckless JJ I-NP
'' '' I-NP
bids NNS I-NP
and CC O
saying VBG B-VP
it PRP B-NP
was VBD B-VP
`` `` B-ADJP
pleased VBN I-ADJP
'' '' O
that IN B-SBAR
Mr. NNP B-NP
Trump NNP I-NP
had VBD B-VP
backed VBN I-VP
out RB B-PRT
. . O

In IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
AMR NNP B-NP
said VBD B-VP
, , O
net NN B-NP
fell VBD B-VP
to TO B-PP
$ $ B-NP
137 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.16 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
150.3 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.50 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
17 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.73 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.33 CD I-NP
billion CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

AMR NNP B-NP
's POS B-NP
chairman NN I-NP
, , O
Robert NNP B-NP
L. NNP I-NP
Crandall NNP I-NP
, , O
said VBD B-VP
the DT B-NP
results NNS I-NP
were VBD B-VP
due JJ B-ADJP
to TO B-PP
an DT B-NP
11 CD I-NP
% NN I-NP
year-to-year JJ I-NP
increase NN I-NP
in IN B-PP
fuel NN B-NP
prices NNS I-NP
and CC O
a DT B-NP
slight JJ I-NP
decrease NN I-NP
in IN B-PP
yield NN B-NP
, , O
an DT B-NP
industry NN I-NP
measure NN I-NP
analogous JJ B-ADJP
to TO B-PP
profit VB B-NP
margin NN I-NP
on IN B-PP
each DT B-NP
seat NN I-NP
sold VBN B-VP
. . O

`` `` O
We PRP B-NP
think VBP B-VP
these DT B-NP
trends NNS I-NP
will MD B-VP
continue VB I-VP
and CC O
will MD B-VP
produce VB I-VP
a DT B-NP
very RB I-NP
disappointing JJ I-NP
fourth JJ I-NP
quarter NN I-NP
as IN B-ADVP
well RB I-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Tim NNP B-NP
Pettee NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
said VBD B-VP
: : O
`` `` O
The DT B-NP
business NN I-NP
turned VBD B-VP
faster RBR B-ADVP
than IN B-SBAR
expected VBN B-VP
. . O

Costs NNS B-NP
are VBP B-VP
giving VBG I-VP
them PRP B-NP
a DT B-NP
little JJ I-NP
bit NN I-NP
of IN B-PP
trouble NN B-NP
, , O
and CC O
the DT B-NP
whole JJ I-NP
industry NN I-NP
is VBZ B-VP
having VBG I-VP
a DT B-NP
pricing NN I-NP
problem NN I-NP
. . O
'' '' O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
AMR NNP B-NP
's POS B-NP
net NN I-NP
rose VBD B-VP
15 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
415.9 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
6.59 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
360.1 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
5.99 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
jumped VBD B-VP
22 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
7.89 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
6.46 CD I-NP
billion CD I-NP
. . O

AMR NNP B-NP
's POS B-NP
board NN I-NP
, , O
in IN B-PP
a DT B-NP
statement NN I-NP
after IN B-PP
a DT B-NP
regular JJ I-NP
meeting NN I-NP
yesterday NN B-NP
, , O
said VBD B-VP
: : O
`` `` O
Ill-considered JJ B-NP
and CC I-NP
reckless JJ I-NP
acquisition NN I-NP
proposals NNS I-NP
adversely RB B-VP
affect VBP I-VP
employee NN B-NP
, , I-NP
financial JJ I-NP
and CC I-NP
business NN I-NP
relationships NNS I-NP
and CC O
are VBP B-VP
contrary JJ B-ADJP
to TO B-PP
the DT B-NP
best JJS I-NP
interests NNS I-NP
of IN B-PP
AMR NNP B-NP
shareholders NNS I-NP
... : O
. . O

AMR NNP B-NP
has VBZ B-VP
not RB I-VP
been VBN I-VP
, , O
and CC O
is VBZ B-VP
not RB O
, , O
for IN B-PP
sale NN B-NP
. . O
'' '' O

Mr. NNP B-NP
Crandall NNP I-NP
said VBD B-VP
the DT B-NP
company NN I-NP
's POS B-NP
current JJ I-NP
decline NN I-NP
in IN B-PP
earnings NNS B-NP
is VBZ B-VP
exactly RB B-NP
the DT I-NP
kind NN I-NP
of IN B-PP
situation NN B-NP
that IN B-NP
an DT B-NP
excessively RB I-NP
leveraged JJ I-NP
company NN I-NP
laden JJ B-ADJP
with IN B-PP
debt NN B-NP
from IN B-PP
a DT B-NP
takeover NN I-NP
would MD B-VP
find VB I-VP
difficult JJ B-ADJP
to TO B-VP
weather VB I-VP
. . O

`` `` O
Our PRP$ B-NP
very RB I-NP
disappointing JJ I-NP
third-quarter JJ I-NP
results NNS I-NP
and CC O
the DT B-NP
discouraging VBG I-NP
outlook NN I-NP
for IN B-PP
the DT B-NP
fourth JJ I-NP
quarter NN I-NP
underscore VBP B-VP
the DT B-NP
importance NN I-NP
of IN B-PP
an DT B-NP
adequate JJ I-NP
capital NN I-NP
base NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Christopher NNP B-NP
Whittington NNP I-NP
, , O
51-year-old JJ B-NP
deputy NN I-NP
chairman NN I-NP
of IN B-PP
this DT B-NP
British JJ I-NP
investment-banking NN I-NP
group NN I-NP
and CC O
chairman NN B-NP
of IN B-PP
Morgan NNP B-NP
Grenfell NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
the DT B-NP
group NN I-NP
's POS B-NP
main JJ I-NP
banking NN I-NP
unit NN I-NP
, , O
has VBZ B-VP
retired VBN I-VP
from IN B-PP
his PRP$ B-NP
executive NN I-NP
duties NNS I-NP
. . O

Succeeding VBG B-VP
Mr. NNP B-NP
Whittington NNP I-NP
as IN B-PP
deputy NN B-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
group NN I-NP
is VBZ B-VP
Anthony NNP B-NP
Richmond-Watson NNP I-NP
, , O
43 CD B-NP
, , O
currently RB B-NP
a DT I-NP
main JJ I-NP
board NN I-NP
member NN I-NP
. . O

Succeeding VBG B-VP
Mr. NNP B-NP
Whittington NNP I-NP
at IN B-PP
Morgan NNP B-NP
Grenfell NNP I-NP
& CC I-NP
Co. NNP I-NP
is VBZ B-VP
Richard NNP B-NP
Webb NNP I-NP
, , O
50 CD B-NP
, , O
currently JJ B-NP
deputy NN I-NP
chairman NN I-NP
. . O

Mr. NNP B-NP
Whittington NNP I-NP
will MD B-VP
remain VB I-VP
on IN B-PP
the DT B-NP
main JJ I-NP
group NN I-NP
board NN I-NP
as IN B-PP
a DT B-NP
nonexecutive JJ I-NP
director NN I-NP
. . O

Without IN B-PP
federal JJ B-NP
subsidies NNS I-NP
to TO B-PP
developers NNS B-NP
of IN B-PP
beach NN B-NP
houses NNS I-NP
, , O
the DT B-NP
economic JJ I-NP
and CC I-NP
structural JJ I-NP
damage NN I-NP
by IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
in IN B-PP
South NNP B-NP
Carolina NNP I-NP
would MD B-VP
have VB I-VP
been VBN I-VP
much RB B-ADJP
less JJR I-ADJP
, , O
as IN O
highlighted VBN B-VP
by IN B-PP
your PRP$ B-NP
Oct. NNP I-NP
3 CD I-NP
editorial NN I-NP
`` `` O
Subsidizing VBG B-VP
Disaster NN B-NP
. . O
'' '' O

Congress NNP B-NP
should MD B-VP
stop VB I-VP
throwing VBG I-VP
tax NN B-NP
dollars NNS I-NP
out IN B-PP
to TO B-PP
sea VB B-NP
by IN B-PP
subsidizing VBG B-VP
the DT B-NP
development NN I-NP
of IN B-PP
beach NN B-NP
communities NNS I-NP
on IN B-PP
ecologically RB B-NP
fragile JJ I-NP
coastal JJ I-NP
barrier NN I-NP
islands NNS I-NP
, , O
such JJ B-PP
as IN I-PP
the DT B-NP
hard-hit JJ I-NP
Isle NNP I-NP
of IN B-PP
Palms NNPS B-NP
near IN B-PP
Charleston NNP B-NP
. . O

As IN B-SBAR
you PRP B-NP
mentioned VBD B-VP
, , O
subsidies NNS B-NP
for IN B-PP
development NN B-NP
on IN B-PP
a DT B-NP
number NN I-NP
of IN B-PP
barrier NN B-NP
islands NNS I-NP
were VBD B-VP
curtailed VBN I-VP
in IN B-PP
1982 CD B-NP
by IN B-PP
the DT B-NP
Coastal NNP I-NP
Barrier NNP I-NP
Resource NNP I-NP
System NNP I-NP
. . O

The DT B-NP
National NNP I-NP
Taxpayers NNP I-NP
Union NNP I-NP
would MD B-VP
like IN I-VP
Congress NNP B-NP
to TO B-VP
add VB I-VP
800,000 CD B-NP
acres NNS I-NP
to TO B-PP
the DT B-NP
453,000 CD I-NP
of IN B-PP
shoreline NN B-NP
in IN B-PP
the DT B-NP
system NN I-NP
by IN B-PP
enacting VBG B-VP
`` `` O
The DT B-NP
Coastal NNP I-NP
Barrier NNP I-NP
Improvement NNP I-NP
Act NNP I-NP
of IN B-PP
1989 CD B-NP
. . O
'' '' O

This DT B-NP
bill NN I-NP
simply RB B-ADVP
says VBZ B-VP
that IN B-SBAR
if IN B-SBAR
you PRP B-NP
want VBP B-VP
to TO I-VP
develop VB I-VP
property NN B-NP
on IN B-PP
a DT B-NP
barrier NN I-NP
island NN I-NP
you PRP B-NP
have VBP B-VP
to TO I-VP
do VB I-VP
so RB B-ADVP
without IN B-PP
taxpayer NN B-NP
support NN I-NP
. . O

Private-property NN B-NP
rights NNS I-NP
would MD B-VP
be VB I-VP
upheld VBN I-VP
because IN B-SBAR
the DT B-NP
legislation NN I-NP
would MD B-VP
not RB I-VP
ban VB I-VP
coastal JJ B-NP
development NN I-NP
. . O

However RB B-ADVP
, , O
home NN B-NP
builders NNS I-NP
would MD B-VP
have VB I-VP
to TO I-VP
bear VB I-VP
the DT B-NP
full JJ I-NP
costs NNS I-NP
of IN B-PP
such JJ B-NP
beach-house NN I-NP
construction NN I-NP
. . O

A DT B-NP
Taxpayers NNP I-NP
Union NNP I-NP
study NN I-NP
concluded VBD B-VP
the DT B-NP
bill NN I-NP
would MD B-VP
save VB I-VP
taxpayers NNS B-NP
up IN B-NP
to TO I-NP
$ $ I-NP
9.3 CD I-NP
billion CD I-NP
in IN B-PP
barrier-island NN B-NP
subsidies NNS I-NP
over IN B-PP
20 CD B-NP
years NNS I-NP
. . O

Already RB B-ADVP
, , O
the DT B-NP
1982 CD I-NP
legislation NN I-NP
has VBZ B-VP
saved VBN I-VP
an DT B-NP
estimated VBN I-NP
$ $ I-NP
800 CD I-NP
million CD I-NP
. . O

Marshall NNP B-NP
Y. NNP I-NP
Taylor NNP I-NP

Communications NNP B-NP
Director NNP I-NP

National NNP B-NP
Taxpayers NNP I-NP
Union NNP I-NP

The DT B-NP
government NN I-NP
said VBD B-VP
13.1 CD B-NP
% NN I-NP
of IN B-PP
Americans NNPS B-NP
, , O
or CC O
31.9 CD B-NP
million CD I-NP
people NNS I-NP
, , O
were VBD B-VP
living VBG I-VP
in IN B-PP
poverty NN B-NP
in IN B-PP
1988 CD B-NP
. . O

While IN B-SBAR
last JJ B-NP
year NN I-NP
's POS B-NP
figure NN I-NP
was VBD B-VP
down RB B-ADVP
from IN B-PP
13.4 CD B-NP
% NN I-NP
in IN B-PP
1987 CD B-NP
and CC O
marked VBD B-VP
the DT B-NP
fifth JJ I-NP
consecutive JJ I-NP
annual JJ I-NP
decline NN I-NP
in IN B-PP
the DT B-NP
poverty NN I-NP
rate NN I-NP
, , O
the DT B-NP
Census NNP I-NP
Bureau NNP I-NP
said VBD B-VP
the DT B-NP
1988 CD I-NP
drop NN I-NP
was VBD B-VP
n't RB O
statistically RB B-ADJP
significant JJ I-ADJP
. . O

The DT B-NP
bureau NN I-NP
's POS B-NP
report NN I-NP
also RB B-ADVP
showed VBD B-VP
that IN B-SBAR
while IN B-SBAR
some DT B-NP
measures NNS I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
economic JJ I-NP
well-being NN I-NP
improved VBN B-VP
modestly RB B-ADVP
in IN B-PP
1988 CD B-NP
, , O
the DT B-NP
fruits NNS I-NP
of IN B-PP
prosperity NN B-NP
were VBD B-VP
shared VBN I-VP
less RBR B-ADVP
equitably RB I-ADVP
than IN B-PP
the DT B-NP
year NN I-NP
before RB B-ADVP
. . O

Summarizing VBG B-VP
data NNS B-NP
derived VBN B-VP
from IN B-PP
a DT B-NP
March NNP I-NP
1989 CD I-NP
survey NN I-NP
of IN B-PP
58,000 CD B-NP
households NNS I-NP
, , O
William NNP B-NP
Butz NNP I-NP
, , O
associate JJ B-NP
director NN I-NP
of IN B-PP
the DT B-NP
Census NNP I-NP
Bureau NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
`` `` O
most RBS B-NP
groups NNS I-NP
either DT O
stayed VBD B-VP
the DT B-NP
same JJ I-NP
or CC O
improved VBN B-VP
. . O
'' '' O

But CC O
, , O
he PRP B-NP
added VBD B-VP
, , O
`` `` O
Since IN B-PP
the DT B-NP
late JJ I-NP
1960s CD I-NP
, , O
the DT B-NP
distribution NN I-NP
of IN B-PP
income NN B-NP
has VBZ B-VP
been VBN I-VP
slowly RB I-VP
getting VBG I-VP
less RBR B-ADJP
equal JJ I-ADJP
. . O

There EX B-NP
was VBD B-VP
no DT B-NP
reversal NN I-NP
-LCB- ( O
of IN B-PP
that DT B-NP
trend NN I-NP
-RCB- ) O
between IN B-PP
1987 CD B-NP
and CC I-NP
1988 CD I-NP
. . O
'' '' O

Per IN B-NP
capita NNS I-NP
income NN I-NP
, , O
a DT B-NP
widely RB I-NP
used VBN I-NP
measure NN I-NP
of IN B-PP
a DT B-NP
nation NN I-NP
's POS B-NP
economic JJ I-NP
health NN I-NP
, , O
hit VBD B-VP
a DT B-NP
record NN I-NP
in IN B-PP
1988 CD B-NP
, , O
rising VBG B-VP
1.7 CD B-NP
% NN I-NP
after IN B-PP
inflation NN B-NP
adjustment NN I-NP
to TO B-PP
$ $ B-NP
13,120 CD I-NP
. . O

But CC O
the DT B-NP
median JJ I-NP
income NN I-NP
of IN B-PP
American JJ B-NP
families NNS I-NP
fell VBD B-VP
0.2 CD B-NP
% NN I-NP
, , O
the DT B-NP
first JJ I-NP
time NN I-NP
it PRP B-NP
has VBZ B-VP
failed VBN I-VP
to TO I-VP
rise VB I-VP
since IN B-PP
1982 CD B-NP
. . O

Mr. NNP B-NP
Butz NNP I-NP
said VBD B-VP
the DT B-NP
divergence NN I-NP
in IN B-PP
the DT B-NP
two CD I-NP
measures NNS I-NP
reflects VBZ B-VP
changes NNS B-NP
in IN B-PP
family NN B-NP
size NN I-NP
and CC I-NP
structure NN I-NP
, , O
including VBG B-PP
the DT B-NP
rising VBG I-NP
number NN I-NP
of IN B-PP
female-headed JJ B-NP
families NNS I-NP
and CC O
a DT B-NP
sharp JJ I-NP
increase NN I-NP
in IN B-PP
income NN B-NP
reported VBN B-VP
by IN B-PP
Americans NNPS B-NP
who WP B-NP
are VBP B-VP
n't RB I-VP
living VBG I-VP
in IN B-PP
families NNS B-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
decline NN I-NP
, , O
the DT B-NP
government NN I-NP
's POS B-NP
estimate NN I-NP
for IN B-PP
the DT B-NP
number NN I-NP
of IN B-PP
people NNS B-NP
living VBG B-VP
below IN B-PP
the DT B-NP
poverty NN I-NP
line NN I-NP
declined VBN B-VP
by IN B-PP
about IN B-NP
500,000 CD I-NP
. . O

The DT B-NP
poverty NN I-NP
threshold NN I-NP
, , O
defined VBN B-VP
as IN B-PP
three CD B-NP
times NNS I-NP
food NN B-NP
expenses NNS I-NP
as IN B-SBAR
calculated VBN B-VP
by IN B-PP
the DT B-NP
Agricultural NNP I-NP
Department NNP I-NP
, , O
last JJ B-NP
year NN I-NP
was VBD B-VP
$ $ B-NP
12,092 CD I-NP
for IN B-PP
a DT B-NP
family NN I-NP
of IN B-PP
four CD B-NP
. . O

The DT B-NP
Census NNP I-NP
Bureau NNP I-NP
counts VBZ B-VP
all DT B-NP
cash NN I-NP
income NN I-NP
in IN B-PP
determining VBG B-VP
whether IN B-SBAR
families NNS B-NP
are VBP B-VP
below IN B-PP
the DT B-NP
line NN I-NP
, , O
but CC O
it PRP B-NP
does VBZ B-VP
n't RB I-VP
consider VB I-VP
other JJ B-NP
government NN I-NP
benefits NNS I-NP
, , O
such JJ B-PP
as IN I-PP
Medicare NNP B-NP
. . O

Thanks NNS B-NP
largely RB B-ADVP
to TO B-PP
the DT B-NP
continued VBN I-NP
growth NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
economy NN I-NP
, , O
the DT B-NP
poverty NN I-NP
rate NN I-NP
is VBZ B-VP
now RB B-ADVP
substantially RB B-ADJP
lower JJR I-ADJP
than IN B-PP
the DT B-NP
1983 CD I-NP
peak NN I-NP
of IN B-PP
15.3 CD B-NP
% NN I-NP
, , O
but CC O
the DT B-NP
improvements NNS I-NP
have VBP B-VP
been VBN I-VP
modest JJ B-ADJP
in IN B-PP
the DT B-NP
past JJ I-NP
couple NN I-NP
of IN B-PP
years NNS B-NP
. . O

Poverty NN B-NP
remains VBZ B-VP
far RB B-ADJP
more RBR I-ADJP
widespread JJ I-ADJP
among IN B-PP
blacks NNS B-NP
than IN B-PP
other JJ B-NP
Americans NNPS I-NP
. . O

In IN B-PP
1988 CD B-NP
, , O
31.6 CD B-NP
% NN I-NP
of IN B-PP
blacks NNS B-NP
lived VBD B-VP
in IN B-PP
poverty NN B-NP
, , O
compared VBN B-PP
with IN B-PP
10.1 CD B-NP
% NN I-NP
for IN B-PP
whites NNS B-NP
and CC O
26.8 CD B-NP
% NN I-NP
for IN B-PP
Hispanics NNPS B-NP
. . O

But CC O
two-thirds NNS B-NP
of IN B-PP
all DT B-NP
poor JJ I-NP
Americans NNPS I-NP
were VBD B-VP
white JJ B-ADJP
. . O

More RBR B-NP
than IN I-NP
half NN I-NP
of IN B-PP
poor JJ B-NP
families NNS I-NP
were VBD B-VP
headed VBN I-VP
by IN B-PP
women NNS B-NP
living VBG B-VP
without IN B-PP
men NNS B-NP
, , O
the DT B-NP
bureau NN I-NP
said VBD B-VP
. . O

More RBR B-NP
than IN I-NP
three-fourths JJ I-NP
of IN B-PP
poor JJ B-NP
black JJ I-NP
families NNS I-NP
were VBD B-VP
headed VBN I-VP
by IN B-PP
women NNS B-NP
. . O

The DT B-NP
poverty NN I-NP
rate NN I-NP
of IN B-PP
children NNS B-NP
under IN B-NP
18 CD I-NP
years NNS I-NP
old JJ B-ADJP
dropped VBD B-VP
last JJ B-NP
year NN I-NP
to TO B-PP
19.7 CD B-NP
% NN I-NP
from IN B-PP
20.5 CD B-NP
% NN I-NP
in IN B-PP
1987 CD B-NP
, , O
but CC O
remained VBD B-VP
far RB B-ADJP
higher JJR I-ADJP
than IN B-PP
a DT B-NP
decade NN I-NP
ago RB B-ADVP
. . O

The DT B-NP
rate NN I-NP
among IN B-PP
the DT B-NP
elderly JJ I-NP
-- : O
12 CD B-NP
% NN I-NP
in IN B-PP
1988 CD B-NP
-- : O
was VBD B-VP
n't RB O
significantly RB B-ADJP
lower JJR I-ADJP
than IN B-PP
the DT B-NP
year NN I-NP
before RB B-ADVP
. . O

If IN B-SBAR
it PRP B-NP
were VBD B-VP
n't RB O
for IN B-PP
Social NNP B-NP
Security NNP I-NP
payments NNS I-NP
, , O
more JJR B-NP
than IN I-NP
three CD I-NP
times NNS I-NP
as IN I-NP
many JJ I-NP
elderly NN I-NP
would MD B-VP
be VB I-VP
below IN B-PP
the DT B-NP
poverty NN I-NP
line NN I-NP
, , O
Mr. NNP B-NP
Butz NNP I-NP
said VBD B-VP
. . O

The DT B-NP
Census NNP I-NP
Bureau NNP I-NP
also RB B-ADVP
said VBD B-VP
: : O

-- : O
Some DT B-NP
17.2 CD I-NP
% NN I-NP
of IN B-PP
all DT B-NP
money NN I-NP
income NN I-NP
received VBN B-VP
by IN B-PP
families NNS B-NP
in IN B-PP
1988 CD B-NP
went VBD B-VP
to TO B-PP
the DT B-NP
wealthiest JJS I-NP
5 NN I-NP
% NN I-NP
of IN B-PP
all DT B-NP
families NNS I-NP
, , O
up IN B-ADVP
from IN B-PP
16.9 CD B-NP
% NN I-NP
in IN B-PP
1987 CD B-NP
. . O

That DT B-NP
is VBZ B-VP
the DT B-NP
greatest JJS I-NP
share NN I-NP
reported VBD B-VP
for IN B-PP
any DT B-NP
year NN I-NP
since IN B-PP
1950 CD B-NP
, , O
although IN B-SBAR
changing VBG B-NP
definitions NNS I-NP
over IN B-PP
the DT B-NP
years NNS I-NP
distort VBP B-VP
the DT B-NP
comparison NN I-NP
. . O

-- : O
The DT B-NP
top JJ I-NP
fifth NN I-NP
of IN B-PP
all DT B-NP
families NNS I-NP
got VBD B-VP
44 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
income NN I-NP
, , O
up IN B-ADVP
from IN B-PP
41.5 CD B-NP
% NN I-NP
a DT B-NP
decade NN I-NP
earlier RBR B-ADVP
. . O

The DT B-NP
bottom NN I-NP
fifth NN I-NP
of IN B-PP
all DT B-NP
families NNS I-NP
got VBD B-VP
4.6 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
income NN I-NP
, , O
down RB B-ADVP
from IN B-PP
5.2 CD B-NP
% NN I-NP
a DT B-NP
decade NN I-NP
earlier RBR B-ADVP
. . O

-- : O
Confirming VBG B-VP
other JJ B-NP
government NN I-NP
data NNS I-NP
showing VBG B-VP
that IN B-SBAR
wages NNS B-NP
are VBP B-VP
n't RB I-VP
keeping VBG I-VP
pace NN B-NP
with IN B-PP
inflation NN B-NP
, , O
earnings NNS B-NP
of IN B-PP
year-round JJ B-NP
, , I-NP
full-time JJ I-NP
male JJ I-NP
workers NNS I-NP
fell VBD B-VP
1.3 CD B-NP
% NN I-NP
in IN B-PP
1988 CD B-NP
after IN B-PP
adjusting VBG B-VP
for IN B-PP
higher JJR B-NP
prices NNS I-NP
, , O
the DT B-NP
first JJ I-NP
such JJ I-NP
drop NN I-NP
since IN B-PP
1982 CD B-NP
. . O

Earnings NNS B-NP
of IN B-PP
female JJ B-NP
workers NNS I-NP
were VBD B-VP
unchanged JJ B-ADJP
. . O

-- : O
Women NNP B-NP
working VBG B-VP
full-time JJ B-ADVP
earned VBD B-VP
66 CD B-NP
cents NNS I-NP
for IN B-PP
every DT B-NP
dollar NN I-NP
earned VBN B-VP
by IN B-PP
men NNS B-NP
, , O
a DT B-NP
penny NN I-NP
more JJR B-ADJP
than IN B-PP
in IN B-PP
1987 CD B-NP
and CC O
seven CD B-NP
cents NNS I-NP
more JJR B-ADJP
than IN B-PP
in IN B-PP
1978 CD B-NP
. . O

-- : O
Median JJ B-NP
household NN I-NP
income NN I-NP
-- : O
which WDT B-NP
includes VBZ B-VP
both DT B-NP
those DT B-NP
living VBG B-VP
in IN B-PP
families NNS B-NP
and CC O
those DT B-NP
who WP B-NP
are VBP B-VP
n't RB O
-- : O
rose VBD B-VP
0.3 CD B-NP
% NN I-NP
last JJ B-NP
year NN I-NP
to TO B-PP
$ $ B-NP
27,225 CD I-NP
after IN B-PP
inflation NN B-NP
. . O

It PRP B-NP
rose VBD B-VP
sharply RB B-ADVP
in IN B-PP
the DT B-NP
Northeast NNP I-NP
and CC I-NP
Midwest NNP I-NP
and CC O
fell VBD B-VP
slightly RB B-ADVP
in IN B-PP
the DT B-NP
South NNP I-NP
and CC I-NP
West NNP I-NP
. . O

Median JJ B-NP
family NN I-NP
income NN I-NP
was VBD B-VP
$ $ B-NP
32,191 CD I-NP
, , O
down RB B-ADVP
0.2 CD B-NP
% NN I-NP
. . O

-- : O
Per IN B-NP
capita NNS I-NP
income NN I-NP
of IN B-PP
blacks NNS B-NP
, , O
though IN B-SBAR
still RB B-ADVP
only RB B-NP
60 CD I-NP
% NN I-NP
that IN I-NP
of IN B-PP
whites NNS B-NP
, , O
rose VBD B-VP
3.9 CD B-NP
% NN I-NP
in IN B-PP
1988 CD B-NP
, , O
while IN B-SBAR
per IN B-NP
capita NNS I-NP
income NN I-NP
of IN B-PP
whites NNS B-NP
rose VBD B-VP
only RB B-NP
1.5 CD I-NP
% NN I-NP
. . O

-- : O
Among IN B-PP
married VBN B-NP
couples NNS I-NP
, , O
the DT B-NP
gap NN I-NP
between IN B-PP
blacks NNS B-NP
and CC I-NP
whites NNS I-NP
narrowed VBD B-VP
sharply RB B-ADVP
, , O
as IN B-SBAR
income NN B-NP
of IN B-PP
black JJ B-NP
families NNS I-NP
shot NN B-VP
up IN B-ADVP
6.8 CD B-NP
% NN I-NP
while IN O
income NN B-NP
of IN B-PP
whites NNS B-NP
did VBD B-VP
n't RB I-VP
budge VB I-VP
. . O

Fueling VBG B-VP
a DT B-NP
controversy NN I-NP
that WDT B-NP
has VBZ B-VP
been VBN I-VP
simmering VBG I-VP
for IN B-PP
years NNS B-NP
, , O
the DT B-NP
Census NNP I-NP
Bureau NNP I-NP
also RB B-ADVP
said VBD B-VP
its PRP$ B-NP
figures NNS I-NP
would MD B-VP
look VB I-VP
far RB B-ADJP
rosier JJR I-ADJP
if IN B-SBAR
it PRP B-NP
recalculated VBD B-VP
the DT B-NP
poverty NN I-NP
threshold NN I-NP
using VBG B-VP
an DT B-NP
improved VBN I-NP
consumer-price JJ I-NP
measure NN I-NP
adopted VBN B-VP
in IN B-PP
1983 CD B-NP
. . O

The DT B-NP
bureau NN I-NP
said VBD B-VP
some DT B-NP
3.5 CD I-NP
million CD I-NP
fewer JJR B-NP
people NNS I-NP
would MD B-VP
have VB I-VP
fallen VBN I-VP
below IN B-PP
the DT B-NP
poverty NN I-NP
line NN I-NP
in IN B-PP
1988 CD B-NP
-- : O
and CC O
the DT B-NP
poverty NN I-NP
rate NN I-NP
would MD B-VP
have VB I-VP
been VBN I-VP
10.5 CD B-NP
% NN I-NP
instead RB B-CONJP
of IN I-CONJP
13.1 CD B-NP
% NN I-NP
-- : O
under IN B-PP
the DT B-NP
alternative NN I-NP
calculation NN I-NP
. . O

Critics NNS B-NP
on IN B-PP
the DT B-NP
left VBN I-NP
and CC I-NP
right NN I-NP
have VBP B-VP
been VBN I-VP
calling VBG I-VP
for IN B-PP
all DT B-NP
sorts NNS I-NP
of IN B-PP
revisions NNS B-NP
to TO B-PP
the DT B-NP
measure NN I-NP
for IN B-PP
years NNS B-NP
. . O

A DT B-NP
report NN I-NP
by IN B-PP
the DT B-NP
staff NN I-NP
of IN B-PP
the DT B-NP
Joint NNP I-NP
Economic NNP I-NP
Committee NNP I-NP
of IN B-PP
Congress NNP B-NP
released VBD B-VP
yesterday NN B-NP
concluded VBD B-VP
, , O
`` `` O
It PRP B-NP
is VBZ B-VP
misleading JJ B-ADJP
to TO B-VP
make VB I-VP
this DT B-NP
change NN I-NP
without IN B-PP
adjusting VBG B-VP
for IN B-PP
other JJ B-NP
changes NNS I-NP
. . O
'' '' O

The DT B-NP
official JJ I-NP
poverty NN I-NP
threshold NN I-NP
is VBZ B-VP
set VBN I-VP
by IN B-PP
the DT B-NP
Office NNP I-NP
of IN B-PP
Management NNP B-NP
and CC I-NP
Budget NNP I-NP
. . O

John NNP B-NP
E. NNP I-NP
Hayes NNP I-NP
Jr. NNP I-NP
was VBD B-VP
elected VBN I-VP
chairman NN B-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
, , O
succeeding VBG B-VP
David NNP B-NP
S. NNP I-NP
Black NNP I-NP
, , O
who WP B-NP
retired VBD B-VP
. . O

Mr. NNP B-NP
Hayes NNP I-NP
, , O
52 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
left VBN B-VP
Southwestern NNP B-NP
Bell NNP I-NP
Telephone NNP I-NP
Co. NNP I-NP
in IN B-PP
January NNP B-NP
, , O
where WRB B-ADVP
he PRP B-NP
had VBD B-VP
been VBN I-VP
chairman NN B-NP
, , O
president NN B-NP
and CC O
chief JJ B-NP
executive NN I-NP
, , O
to TO B-VP
join VB I-VP
Triad NNP B-NP
Capital NNP I-NP
Partners NNPS I-NP
, , O
a DT B-NP
St. NNP I-NP
Louis NNP I-NP
company NN I-NP
with IN B-PP
interests NNS B-NP
in IN B-PP
solid JJ B-NP
waste NN I-NP
and CC O
recycling NN B-NP
, , O
telecommunications NNS B-NP
and CC O
international JJ B-NP
venture NN I-NP
capital NN I-NP
. . O

He PRP B-NP
has VBZ B-VP
resigned VBN I-VP
his PRP$ B-NP
posts NNS I-NP
at IN B-PP
Triad NNP B-NP
to TO B-VP
take VB I-VP
the DT B-NP
Kansas NNP I-NP
Power NNP I-NP
positions NNS I-NP
. . O

Kansas NNP B-NP
Power NNP I-NP
said VBD B-VP
Mr. NNP B-NP
Black NNP I-NP
, , O
61 CD B-NP
, , O
chose VBD B-VP
early JJ B-NP
retirement NN I-NP
. . O

The DT B-NP
space NN I-NP
shuttle NN I-NP
Atlantis NNP I-NP
boosted VBD B-VP
the DT B-NP
Galileo NNP I-NP
spacecraft NN I-NP
on IN B-PP
its PRP$ B-NP
way NN I-NP
to TO B-PP
Jupiter NNP B-NP
, , O
giving VBG B-VP
a DT B-NP
big JJ I-NP
lift NN I-NP
as IN B-ADVP
well RB I-ADVP
to TO B-PP
an DT B-NP
ambitious JJ I-NP
U.S. NNP I-NP
program NN I-NP
of IN B-PP
space NN B-NP
exploration NN I-NP
. . O

Seven CD B-NP
years NNS I-NP
late RB B-ADJP
in IN B-PP
the DT B-NP
launching NN I-NP
, , O
$ $ B-NP
1 CD I-NP
billion CD I-NP
over IN B-PP
budget NN B-NP
and CC O
a DT B-NP
target NN I-NP
of IN B-PP
anti-nuclear JJ B-NP
protestors NNS I-NP
, , O
Galileo NNP B-NP
has VBZ B-VP
long RB I-VP
been VBN I-VP
a DT B-NP
symbol NN I-NP
of IN B-PP
trouble NN B-NP
for IN B-PP
the DT B-NP
National NNP I-NP
Aeronautics NNP I-NP
and CC I-NP
Space NNP I-NP
Administration NNP I-NP
. . O

But CC O
yesterday NN B-NP
, , O
as IN B-SBAR
Atlantis NNP B-NP
rumbled VBD B-VP
into IN B-PP
a DT B-NP
patch NN I-NP
of IN B-PP
clear JJ B-NP
sky NN I-NP
above IN B-PP
Florida NNP B-NP
with IN B-PP
storm NN B-NP
clouds NNS I-NP
closing VBG B-VP
in IN B-PRT
on IN B-PP
it PRP B-NP
, , O
NASA NNP B-NP
sought VBD B-VP
to TO I-VP
turn VB I-VP
Galileo NNP B-NP
into IN B-PP
a DT B-NP
symbol NN I-NP
of IN B-PP
triumph NN B-NP
. . O

`` `` O
NASA NNP B-NP
did VBD B-VP
it PRP B-NP
right NN B-ADVP
; : O
that DT B-NP
's VBZ B-VP
the DT B-NP
message NN I-NP
, , O
'' '' O
said VBD B-VP
J.R. NNP B-NP
Thompson NNP I-NP
, , O
the DT B-NP
agency NN I-NP
's POS B-NP
deputy NN I-NP
administrator NN I-NP
. . O

The DT B-NP
$ $ I-NP
1.4 CD I-NP
billion CD I-NP
robot NN I-NP
spacecraft NN I-NP
faces VBZ B-VP
a DT B-NP
six-year JJ I-NP
journey NN I-NP
to TO B-VP
explore VB I-VP
Jupiter NNP B-NP
and CC O
its PRP$ B-NP
16 CD I-NP
known VBN I-NP
moons NNS I-NP
. . O

If IN B-SBAR
all DT B-NP
goes VBZ B-VP
well RB B-ADVP
, , O
it PRP B-NP
will MD B-VP
parachute VB I-VP
a DT B-NP
probe NN I-NP
into IN B-PP
the DT B-NP
dense JJ I-NP
Jovian JJ I-NP
atmosphere NN I-NP
in IN B-PP
July NNP B-NP
1995 CD I-NP
to TO B-VP
pick VB I-VP
up IN B-PRT
detailed VBN B-NP
data NNS I-NP
about IN B-PP
gases NNS B-NP
that WDT B-NP
may MD B-VP
be VB I-VP
similar JJ B-ADJP
to TO B-PP
the DT B-NP
material NN I-NP
from IN B-PP
which WDT B-NP
the DT B-NP
solar JJ I-NP
system NN I-NP
was VBD B-VP
formed VBN I-VP
4.6 CD B-NP
billion CD I-NP
years NNS I-NP
ago RB B-ADVP
. . O

Jupiter NNP B-NP
is VBZ B-VP
so RB B-ADJP
enormous JJ I-ADJP
-- : O
its PRP$ B-NP
mass NN I-NP
is VBZ B-VP
318 CD B-NP
times NNS I-NP
that IN I-NP
of IN B-PP
Earth NNP B-NP
-- : O
that IN B-SBAR
its PRP$ B-NP
gravity NN I-NP
may MD B-VP
have VB I-VP
trapped VBN I-VP
these DT B-NP
primordial JJ I-NP
gases NNS I-NP
and CC O
never RB B-VP
let VB I-VP
them PRP B-NP
escape VB B-VP
. . O

Investigating VBG B-VP
Jupiter NNP B-NP
in IN B-PP
detail NN B-NP
may MD B-VP
provide VB I-VP
clues NNS B-NP
to TO B-PP
what WP B-NP
astronomer NN B-NP
Tobias NNP I-NP
Owen NNP I-NP
calls VBZ B-VP
the DT B-NP
`` `` I-NP
cosmic JJ I-NP
paradox NN I-NP
'' '' O
of IN B-PP
life NN B-NP
: : O
Jupiter NNP B-NP
and CC O
other JJ B-NP
bodies NNS I-NP
in IN B-PP
the DT B-NP
outer JJ I-NP
solar JJ I-NP
system NN I-NP
are VBP B-VP
rich JJ B-ADJP
in IN B-PP
elements NNS B-NP
such JJ B-PP
as IN I-PP
hydrogen NN B-NP
that WDT B-NP
are VBP B-VP
essential JJ B-ADJP
for IN B-PP
life NN B-NP
on IN B-PP
Earth NNP B-NP
, , O
but CC O
these DT B-NP
planets NNS I-NP
are VBP B-VP
lifeless JJ B-ADJP
; : O
Earth NNP B-NP
, , O
on IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
has VBZ B-VP
a DT B-NP
diminished VBN I-NP
store NN I-NP
of IN B-PP
such JJ B-NP
material NN I-NP
but CC O
is VBZ B-VP
rich JJ B-ADJP
in IN B-PP
life NN B-NP
. . O

Some DT B-NP
scientists NNS I-NP
have VBP B-VP
suggested VBN I-VP
that IN B-SBAR
comets NNS B-NP
and CC I-NP
asteroids NNS I-NP
may MD B-VP
have VB I-VP
brought VBN I-VP
enough RB B-NP
of IN B-PP
this DT B-NP
kind NN I-NP
of IN B-PP
material NN B-NP
from IN B-PP
the DT B-NP
outer JJ I-NP
solar JJ I-NP
system NN I-NP
to TO B-PP
Earth NNP B-NP
to TO B-VP
spawn VB I-VP
life NN B-NP
. . O

Beginning VBG B-PP
in IN B-PP
December NNP B-NP
1995 CD I-NP
, , O
Galileo NNP B-NP
will MD B-VP
begin VB I-VP
a DT B-NP
two-year JJ I-NP
tour NN I-NP
of IN B-PP
the DT B-NP
Jovian JJ I-NP
moons NNS I-NP
. . O

In IN B-PP
1979 CD B-NP
, , O
two CD B-NP
Voyager NNP I-NP
spacecraft NN I-NP
sent VBD B-VP
back RB B-ADVP
stunning JJ B-NP
photos NNS I-NP
of IN B-PP
Jovian JJ B-NP
moons NNS I-NP
Io NNP I-NP
and CC I-NP
Europa NNP I-NP
that WDT B-NP
showed VBD B-VP
them PRP B-NP
to TO B-VP
be VB I-VP
among IN B-PP
the DT B-NP
most RBS I-NP
intriguing JJ I-NP
bodies NNS I-NP
in IN B-PP
the DT B-NP
solar JJ I-NP
system NN I-NP
. . O

The DT B-NP
photos NNS I-NP
showed VBD B-VP
active JJ B-NP
geysers NNS I-NP
on IN B-PP
Io NNP B-NP
spewing VBG B-VP
sulfurous JJ B-NP
material NN I-NP
190 CD B-NP
miles NNS I-NP
into IN B-PP
its PRP$ B-NP
atmosphere NN I-NP
and CC O
indicated VBD B-VP
that IN B-SBAR
Europa NNP B-NP
may MD B-VP
have VB I-VP
an DT B-NP
ocean NN I-NP
hidden VBN B-VP
under IN B-PP
a DT B-NP
thick JJ I-NP
sheet NN I-NP
of IN B-PP
ice NN B-NP
. . O

Galileo NNP B-NP
's POS B-NP
photos NNS I-NP
of IN B-PP
Europa NNP B-NP
will MD B-VP
be VB I-VP
more JJR B-ADJP
than IN I-ADJP
1,000 CD I-ADJP
times NNS I-ADJP
as RB I-ADJP
sharp JJ I-ADJP
as IN B-PP
Voyager NNP B-NP
's POS B-NP
, , O
according VBG B-PP
to TO B-PP
Torrence NNP B-NP
Johnson NNP I-NP
, , O
Galileo NNP B-NP
's POS B-NP
project NN I-NP
scientist NN I-NP
, , O
and CC O
may MD B-VP
show VB I-VP
whether IN B-SBAR
it PRP B-NP
actually RB B-ADVP
has VBZ B-VP
the DT B-NP
only RB I-NP
known VBN I-NP
ocean NN I-NP
other JJ B-PP
than IN I-PP
those DT B-NP
on IN B-PP
Earth NNP B-NP
. . O

Atlantis NNP B-NP
lifted VBD B-VP
Galileo NNP B-NP
from IN B-PP
the DT B-NP
launch NN I-NP
pad NN I-NP
at IN B-PP
12:54 CD B-NP
p.m. NN I-NP
EDT NNP I-NP
and CC O
released VBD B-VP
the DT B-NP
craft NN I-NP
from IN B-PP
its PRP$ B-NP
cargo NN I-NP
bay NN I-NP
about IN B-NP
six CD I-NP
hours NNS I-NP
later RB B-ADVP
. . O

`` `` O
Galileo NNP B-NP
is VBZ B-VP
on IN B-PP
its PRP$ B-NP
way NN I-NP
to TO B-PP
another DT B-NP
world NN I-NP
in IN B-PP
the DT B-NP
hands NNS I-NP
of IN B-PP
the DT B-NP
best JJS I-NP
flight NN I-NP
controllers NNS I-NP
in IN B-PP
this DT B-NP
world NN I-NP
, , O
'' '' O
Atlantis NNP B-NP
Commander NNP I-NP
Donald NNP I-NP
Williams NNP I-NP
said VBD B-VP
. . O

`` `` O
Fly VB B-VP
safely RB B-ADVP
. . O
'' '' O

The DT B-NP
five-member JJ I-NP
Atlantis NNP I-NP
crew NN I-NP
will MD B-VP
conduct VB I-VP
several JJ B-NP
experiments NNS I-NP
, , O
including VBG B-PP
growing VBG B-VP
plants NNS B-NP
and CC O
processing VBG B-VP
polymeric JJ B-NP
materials NNS I-NP
in IN B-PP
space NN B-NP
, , O
before IN B-PP
their PRP$ B-NP
scheduled VBN I-NP
landing NN I-NP
at IN B-PP
Edwards NNP B-NP
Air NNP I-NP
Force NNP I-NP
Base NNP I-NP
, , O
Calif. NNP B-NP
, , O
Monday NNP B-NP
. . O

The DT B-NP
Galileo NNP I-NP
project NN I-NP
started VBD B-VP
in IN B-PP
1977 CD B-NP
, , O
and CC O
a DT B-NP
number NN I-NP
of IN B-PP
project NN B-NP
veterans NNS I-NP
were VBD B-VP
on IN B-PP
hand NN B-NP
to TO B-VP
watch VB I-VP
the DT B-NP
launch NN I-NP
. . O

An DT B-NP
ebullient JJ I-NP
Mr. NNP I-NP
Johnson NNP I-NP
, , O
wearing VBG B-VP
a DT B-NP
NASA NNP I-NP
baseball NN I-NP
cap NN I-NP
and CC O
carrying VBG B-VP
a DT B-NP
camera NN I-NP
and CC O
binoculars NNS B-NP
, , O
called VBD B-VP
the DT B-NP
launch NN I-NP
`` `` O
fantastic JJ B-ADJP
. . O
'' '' O

Benny NNP B-NP
Chin NNP I-NP
, , O
manager NN B-NP
of IN B-PP
the DT B-NP
Galileo NNP I-NP
probe NN I-NP
, , O
compared VBD B-VP
it PRP B-NP
to TO B-PP
watching VBG B-VP
a DT B-NP
child NN I-NP
leave NN B-VP
home NN B-NP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
happy JJ B-ADJP
and CC I-ADJP
sad JJ I-ADJP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Anti-nuclear JJ B-NP
activists NNS I-NP
took VBD B-VP
a DT B-NP
less RBR I-NP
positive JJ I-NP
view NN I-NP
. . O

Having VBG B-VP
argued VBN I-VP
that IN B-SBAR
Galileo NNP B-NP
's POS B-NP
plutonium NN I-NP
power NN I-NP
source NN I-NP
could MD B-VP
have VB I-VP
released VBN I-VP
lethal JJ B-NP
doses NNS I-NP
of IN B-PP
radiation NN B-NP
if IN B-SBAR
the DT B-NP
shuttle NN I-NP
exploded VBD B-VP
yesterday NN B-NP
, , O
they PRP B-NP
were VBD B-VP
n't RB I-VP
quieted VBN I-VP
by IN B-PP
yesterday NN B-NP
's POS B-NP
successful JJ I-NP
launch NN I-NP
. . O

Galileo NNP B-NP
will MD B-VP
skim VB I-VP
past JJ B-PP
Earth NNP B-NP
in IN B-PP
1990 CD B-NP
and CC I-NP
1992 CD I-NP
, , O
collecting VBG B-VP
energy NN B-NP
from IN B-PP
the DT B-NP
planet NN I-NP
's POS B-NP
gravitational JJ I-NP
field NN I-NP
to TO B-VP
gain VB I-VP
momentum NN B-NP
for IN B-PP
its PRP$ B-NP
trip NN I-NP
to TO B-PP
Jupiter NNP B-NP
. . O

The DT B-NP
protesters NNS I-NP
point VBP B-VP
out RP B-PRT
that IN B-SBAR
Galileo NNP B-NP
also RB B-ADVP
could MD B-VP
crash VB I-VP
to TO B-PP
Earth NNP B-NP
then RB B-ADVP
. . O

They PRP B-NP
said VBD B-VP
they PRP B-NP
dropped VBD B-VP
plans NNS B-NP
to TO B-VP
infiltrate VB I-VP
the DT B-NP
Kennedy NNP I-NP
Space NNP I-NP
Center NNP I-NP
after IN B-SBAR
NASA NNP B-NP
beefed VBD B-VP
up IN B-PRT
its PRP$ B-NP
security NN I-NP
. . O

One CD B-NP
protest NN I-NP
did VBD B-VP
get VB I-VP
past JJ B-PP
NASA NNP B-NP
's POS B-NP
guard NN I-NP
, , O
though IN B-ADVP
; : O
a DT B-NP
computer NN I-NP
virus NN I-NP
caused VBD B-VP
anti-Galileo JJ B-NP
messages NNS I-NP
to TO B-VP
flash VB I-VP
onto IN B-PP
some DT B-NP
computer NN I-NP
screens NNS I-NP
at IN B-PP
NASA NNP B-NP
centers NNS I-NP
. . O

The DT B-NP
successful JJ I-NP
launch NN I-NP
continues VBZ B-VP
a DT B-NP
remarkable JJ I-NP
recovery NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
space-science NN I-NP
program NN I-NP
. . O

An DT B-NP
unmanned JJ I-NP
spacecraft NN I-NP
, , O
Magellan NNP B-NP
, , O
already RB B-VP
is VBZ I-VP
heading VBG I-VP
to TO B-PP
Venus NNP B-NP
and CC O
is VBZ B-VP
due JJ B-ADJP
to TO B-VP
begin VB I-VP
mapping VBG I-VP
the DT B-NP
planet NN I-NP
next JJ B-NP
August NNP I-NP
. . O

Voyager NNP B-NP
2 CD I-NP
sent VBD B-VP
back RB B-ADVP
spectacular JJ B-NP
photos NNS I-NP
of IN B-PP
Neptune NNP B-NP
and CC O
its PRP$ B-NP
moon NN I-NP
, , O
Triton NNP B-NP
, , O
this DT B-NP
summer NN I-NP
. . O

Next JJ B-NP
month NN I-NP
, , O
NASA NNP B-NP
plans VBZ B-VP
to TO I-VP
launch VB I-VP
a DT B-NP
satellite NN I-NP
to TO B-VP
study VB I-VP
cosmic JJ B-NP
rays NNS I-NP
dating VBG B-VP
from IN B-PP
the DT B-NP
birth NN I-NP
of IN B-PP
the DT B-NP
universe NN I-NP
. . O

In IN B-PP
December NNP B-NP
, , O
the DT B-NP
shuttle NN I-NP
Columbia NNP I-NP
will MD B-VP
try VB I-VP
to TO I-VP
retrieve VB I-VP
a DT B-NP
satellite NN I-NP
that WDT B-NP
's VBZ B-VP
been VBN I-VP
in IN B-PP
orbit NN B-NP
for IN B-PP
nearly RB B-NP
five CD I-NP
years NNS I-NP
measuring VBG B-VP
the DT B-NP
deleterious JJ I-NP
effects NNS I-NP
of IN B-PP
space NN B-NP
on IN B-PP
materials NNS B-NP
and CC I-NP
instruments NNS I-NP
. . O

Next NNP B-NP
March NNP I-NP
, , O
the DT B-NP
shuttle NN I-NP
Discovery NNP I-NP
will MD B-VP
launch VB I-VP
the DT B-NP
Hubble NNP I-NP
space NN I-NP
telescope NN I-NP
, , O
a DT B-NP
$ $ I-NP
1.5 CD I-NP
billion CD I-NP
instrument NN I-NP
designed VBN B-VP
to TO B-VP
see VB I-VP
the DT B-NP
faintest JJS I-NP
galaxies NNS I-NP
in IN B-PP
the DT B-NP
universe NN I-NP
. . O

Not RB B-NP
all DT I-NP
of IN B-PP
NASA NNP B-NP
's POS B-NP
space-science NN I-NP
work NN I-NP
will MD B-VP
be VB I-VP
so RB B-ADJP
auspicious JJ I-ADJP
, , O
though RB B-ADVP
. . O

Around IN B-PP
Thanksgiving NNP B-NP
, , O
the DT B-NP
Solar NNP I-NP
Max NNP I-NP
satellite NN I-NP
, , O
which WDT B-NP
NASA NNP B-NP
repaired VBD B-VP
in IN B-PP
orbit NN B-NP
in IN B-PP
1984 CD B-NP
, , O
will MD B-VP
tumble VB I-VP
back RB B-ADVP
into IN B-PP
the DT B-NP
Earth NNP I-NP
's POS B-NP
atmosphere NN I-NP
. . O

NASA NNP B-NP
wo MD B-VP
n't RB I-VP
attempt VB I-VP
a DT B-NP
rescue NN I-NP
; : O
instead RB B-ADVP
, , O
it PRP B-NP
will MD B-VP
try VB I-VP
to TO I-VP
predict VB I-VP
whether IN B-SBAR
any DT B-NP
of IN B-PP
the DT B-NP
rubble NN I-NP
will MD B-VP
smash VB I-VP
to TO B-PP
the DT B-NP
ground NN I-NP
and CC O
where WRB B-ADVP
. . O

The DT B-NP
Associated NNP I-NP
Press NNP I-NP
's POS B-NP
earthquake NN I-NP
coverage NN I-NP
drew VBD B-VP
attention NN B-NP
to TO B-PP
a DT B-NP
phenomenon NN I-NP
that WDT B-NP
deserves VBZ B-VP
some DT B-NP
thought NN I-NP
by IN B-PP
public JJ B-NP
officials NNS I-NP
and CC O
other JJ B-NP
policy NN I-NP
makers NNS I-NP
. . O

Private JJ B-NP
relief NN I-NP
agencies NNS I-NP
, , O
such JJ B-PP
as IN I-PP
the DT B-NP
Salvation NNP I-NP
Army NNP I-NP
and CC I-NP
Red NNP I-NP
Cross NNP I-NP
, , O
mobilized VBD B-VP
almost RB B-ADVP
instantly RB I-ADVP
to TO B-VP
help VB I-VP
people NNS B-NP
, , O
while IN B-SBAR
the DT B-NP
Washington NNP I-NP
bureaucracy NN I-NP
`` `` O
took VBD B-VP
hours NNS B-NP
getting VBG B-VP
into IN B-PP
gear NN B-NP
. . O
'' '' O

One CD B-NP
news NN I-NP
show NN I-NP
we PRP B-NP
saw VBD B-VP
yesterday NN B-NP
even RB B-ADVP
displayed VBD B-VP
25 CD B-NP
federal JJ I-NP
officials NNS I-NP
meeting NN B-VP
around IN B-PP
a DT B-NP
table NN I-NP
. . O

We PRP B-NP
recall VBP B-VP
that IN B-SBAR
the DT B-NP
mayor NN I-NP
of IN B-PP
Charleston NNP B-NP
complained VBD B-VP
bitterly RB B-ADVP
about IN B-PP
the DT B-NP
federal JJ I-NP
bureaucracy NN I-NP
's POS B-NP
response NN I-NP
to TO B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
. . O

The DT B-NP
sense NN I-NP
grows VBZ B-VP
that IN B-SBAR
modern JJ B-NP
public JJ I-NP
bureaucracies NNS I-NP
simply RB B-ADVP
do VBP B-VP
n't RB I-VP
perform VB I-VP
their PRP$ B-NP
assigned VBN I-NP
functions NNS I-NP
well RB B-ADVP
. . O

Bally NNP B-NP
Manufacturing NNP I-NP
Corp. NNP I-NP
and CC O
New NNP B-NP
York NNP I-NP
developer NN I-NP
Donald NNP I-NP
Trump NNP I-NP
have VBP B-VP
agreed VBN I-VP
in IN B-PP
principle NN B-NP
to TO B-PP
a DT B-NP
$ $ I-NP
6.5 CD I-NP
million CD I-NP
settlement NN I-NP
of IN B-PP
shareholder NN B-NP
litigation NN I-NP
stemming VBG B-VP
from IN B-PP
Bally NNP B-NP
's POS B-NP
alleged VBN I-NP
greenmail NN I-NP
payment NN I-NP
to TO B-PP
Mr. NNP B-NP
Trump NNP I-NP
. . O

According VBG B-PP
to TO B-PP
lawyers NNS B-NP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
settlement NN I-NP
talks NNS I-NP
, , O
the DT B-NP
verbal JJ I-NP
agreement NN I-NP
to TO B-VP
end VB I-VP
a DT B-NP
lawsuit NN I-NP
filed VBN B-VP
more JJR B-NP
than IN I-NP
two CD I-NP
years NNS I-NP
ago RB B-ADVP
was VBD B-VP
reached VBN I-VP
last JJ B-NP
week NN I-NP
and CC O
will MD B-VP
soon RB I-VP
be VB I-VP
submitted VBN I-VP
to TO B-PP
a DT B-NP
federal JJ I-NP
judge NN I-NP
in IN B-PP
Camden NNP B-NP
, , O
N.J NNP B-NP
. . O

In IN B-PP
February NNP B-NP
1987 CD I-NP
, , O
Bally NNP B-NP
thwarted VBD B-VP
a DT B-NP
possible JJ I-NP
hostile JJ I-NP
takeover NN I-NP
bid NN I-NP
from IN B-PP
Mr. NNP B-NP
Trump NNP I-NP
by IN B-PP
agreeing VBG B-VP
to TO I-VP
buy VB I-VP
2.6 CD B-NP
million CD I-NP
of IN B-PP
Mr. NNP B-NP
Trump NNP I-NP
's POS B-NP
3.1 CD I-NP
million CD I-NP
Bally NNP I-NP
shares NNS I-NP
for IN B-PP
$ $ B-NP
83.7 CD I-NP
million CD I-NP
-- : O
more JJR B-NP
than IN I-NP
$ $ I-NP
18 CD I-NP
million CD I-NP
above IN B-PP
market NN B-NP
price NN I-NP
. . O

The DT B-NP
term NN I-NP
greenmail NN B-NP
refers VBZ B-VP
to TO B-PP
a DT B-NP
situation NN I-NP
where WRB B-ADVP
a DT B-NP
company NN I-NP
pays VBZ B-VP
a DT B-NP
premium NN I-NP
over IN B-PP
market NN B-NP
value NN I-NP
to TO B-VP
repurchase VB I-VP
a DT B-NP
stake NN I-NP
held VBN B-VP
by IN B-PP
a DT B-NP
potential JJ I-NP
acquirer NN I-NP
. . O

Lawyers NNS B-NP
for IN B-PP
shareholders NNS B-NP
, , O
Bally NNP B-NP
and CC O
Mr. NNP B-NP
Trump NNP I-NP
all DT O
declined VBD B-VP
to TO I-VP
talk VB I-VP
publicly RB B-ADVP
about IN B-PP
the DT B-NP
proposed VBN I-NP
settlement NN I-NP
, , O
citing VBG B-VP
a DT B-NP
request NN I-NP
by IN B-PP
a DT B-NP
federal JJ I-NP
court NN I-NP
magistrate NN I-NP
not RB O
to TO B-VP
reveal VB I-VP
details NNS B-NP
of IN B-PP
the DT B-NP
agreement NN I-NP
until IN B-SBAR
it PRP B-NP
is VBZ B-VP
completed VBN I-VP
. . O

But CC O
some DT B-NP
attorneys NNS I-NP
who WP B-NP
are VBP B-VP
familiar JJ B-ADJP
with IN B-PP
the DT B-NP
matter NN I-NP
said VBD B-VP
the DT B-NP
$ $ I-NP
6.5 CD I-NP
million CD I-NP
payment NN I-NP
will MD B-VP
be VB I-VP
shared VBN I-VP
by IN B-PP
Bally NNP B-NP
and CC O
Mr. NNP B-NP
Trump NNP I-NP
, , O
with IN B-PP
the DT B-NP
casino NN I-NP
and CC I-NP
hotel NN I-NP
concern NN I-NP
probably RB B-ADVP
paying VBG B-VP
the DT B-NP
bulk NN I-NP
of IN B-PP
the DT B-NP
money NN I-NP
. . O

The DT B-NP
amount NN I-NP
Bally NNP B-NP
and CC O
Mr. NNP B-NP
Trump NNP I-NP
will MD B-VP
pay VB I-VP
to TO B-VP
settle VB I-VP
the DT B-NP
class-action JJ I-NP
suit NN I-NP
pales VBZ B-VP
in IN B-PP
comparison NN B-NP
to TO B-PP
the DT B-NP
$ $ I-NP
45 CD I-NP
million CD I-NP
Walt NNP B-NP
Disney NNP I-NP
Co. NNP I-NP
and CC O
Saul NNP B-NP
Steinberg NNP I-NP
's POS B-NP
Reliance NNP I-NP
Group NNP I-NP
Holdings NNP I-NP
Inc. NNP I-NP
agreed VBD B-VP
to TO I-VP
pay VB I-VP
to TO B-VP
settle VB I-VP
a DT B-NP
similar JJ I-NP
suit NN I-NP
in IN B-PP
July NNP B-NP
. . O

That DT B-NP
settlement NN I-NP
represented VBD B-VP
the DT B-NP
first JJ I-NP
time NN I-NP
shareholders NNS B-NP
were VBD B-VP
granted VBN I-VP
a DT B-NP
major JJ I-NP
payment NN I-NP
in IN B-PP
a DT B-NP
greenmail NN I-NP
case NN I-NP
. . O

Mr. NNP B-NP
Steinberg NNP I-NP
made VBD B-VP
a DT B-NP
$ $ I-NP
59.7 CD I-NP
million CD I-NP
profit NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
to TO B-PP
Disney NNP B-NP
of IN B-PP
his PRP$ B-NP
investment NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
in IN B-PP
1984 CD B-NP
. . O

But CC O
lawyers NNS B-NP
said VBD B-VP
Mr. NNP B-NP
Steinberg NNP I-NP
probably RB B-ADVP
faced VBD B-VP
much RB B-NP
more RBR I-NP
potential JJ I-NP
liability NN I-NP
because IN B-SBAR
, , O
when WRB B-ADVP
he PRP B-NP
sued VBD B-VP
Disney NNP B-NP
during IN B-PP
his PRP$ B-NP
takeover NN I-NP
battle NN I-NP
, , O
he PRP B-NP
filed VBD B-VP
on IN B-PP
behalf NN B-NP
of IN B-PP
all DT B-NP
shareholders NNS I-NP
. . O

When WRB B-ADVP
Disney NNP B-NP
offered VBD B-VP
to TO I-VP
pay VB I-VP
Mr. NNP B-NP
Steinberg NNP I-NP
a DT B-NP
premium NN I-NP
for IN B-PP
his PRP$ B-NP
shares NNS I-NP
, , O
the DT B-NP
New NNP I-NP
York NNP I-NP
investor NN I-NP
did VBD B-VP
n't RB I-VP
demand VB I-VP
the DT B-NP
company NN I-NP
also RB B-ADVP
pay VB B-VP
a DT B-NP
premium NN I-NP
to TO B-PP
other JJ B-NP
shareholders NNS I-NP
. . O

When WRB B-ADVP
Mr. NNP B-NP
Trump NNP I-NP
sued VBD B-VP
Bally NNP B-NP
, , O
he PRP B-NP
sued VBD B-VP
only RB B-ADVP
on IN B-PP
behalf NN B-NP
of IN B-PP
himself PRP B-NP
. . O

Mr. NNP B-NP
Trump NNP I-NP
and CC O
Bally NNP B-NP
also RB B-ADVP
appeared VBD B-VP
to TO I-VP
have VB I-VP
some DT B-NP
leverage NN I-NP
in IN B-PP
the DT B-NP
case NN I-NP
because IN O
in IN B-PP
the DT B-NP
state NN I-NP
of IN B-PP
Delaware NNP B-NP
, , O
where WRB B-ADVP
Bally NNP B-NP
is VBZ B-VP
incorporated VBN B-ADJP
, , O
courts NNS B-NP
have VBP B-VP
held VBN I-VP
that DT O
greenmail NN B-NP
is VBZ B-VP
often RB I-VP
protected VBN I-VP
by IN B-PP
the DT B-NP
business-judgment NN I-NP
rule NN I-NP
. . O

That DT B-NP
rule NN I-NP
gives VBZ B-VP
boards NNS B-NP
of IN B-PP
directors NNS B-NP
wide JJ B-NP
latitude NN I-NP
in IN B-PP
deciding VBG B-VP
how WRB B-ADVP
to TO B-VP
deal VB I-VP
with IN B-PP
dissident JJ B-NP
shareholders NNS I-NP
. . O

SENATE NNP B-NP
HEARS VBZ B-VP
final JJ B-NP
arguments NNS I-NP
in IN B-PP
impeachment NN B-NP
trial NN I-NP
of IN B-PP
federal JJ B-NP
judge NN I-NP
. . O

Yesterday NN B-NP
, , O
U.S. NNP B-NP
Judge NNP I-NP
Alcee NNP I-NP
Hastings NNP I-NP
faced VBD B-VP
his PRP$ B-NP
jury NN I-NP
-- : O
the DT B-NP
full JJ I-NP
U.S. NNP I-NP
Senate NNP I-NP
-- : O
and CC O
said VBD B-VP
, , O
`` `` O
I PRP B-NP
am VBP B-VP
not RB O
guilty JJ B-ADJP
of IN B-PP
having VBG B-VP
committed VBN I-VP
any DT B-NP
crime NN I-NP
. . O
'' '' O

Seventeen CD B-NP
articles NNS I-NP
of IN B-PP
impeachment NN B-NP
against IN B-PP
the DT B-NP
Florida NNP I-NP
judge NN I-NP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
few JJ I-NP
blacks NNS I-NP
on IN B-PP
the DT B-NP
U.S. NNP I-NP
bench NN I-NP
, , O
were VBD B-VP
approved VBN I-VP
by IN B-PP
the DT B-NP
House NNP I-NP
in IN B-PP
August NNP B-NP
1988 CD I-NP
. . O

The DT B-NP
central JJ I-NP
charge NN I-NP
against IN B-PP
Judge NNP B-NP
Hastings NNP I-NP
is VBZ B-VP
that IN B-SBAR
he PRP B-NP
conspired VBD B-VP
with IN B-PP
a DT B-NP
Washington NNP I-NP
lawyer NN I-NP
to TO B-VP
obtain VB I-VP
a DT B-NP
$ $ I-NP
150,000 CD I-NP
bribe NN I-NP
from IN B-PP
defendants NNS B-NP
in IN B-PP
a DT B-NP
criminal JJ I-NP
case NN I-NP
before IN B-PP
the DT B-NP
judge NN I-NP
, , O
in IN B-PP
return NN B-NP
for IN B-PP
leniency NN B-NP
. . O

He PRP B-NP
is VBZ B-VP
also RB I-VP
accused VBN I-VP
of IN B-PP
lying VBG B-VP
under IN B-PP
oath NN B-NP
and CC B-PP
of IN B-PP
leaking VBG B-VP
information NN B-NP
obtained VBN B-VP
from IN B-PP
a DT B-NP
wiretap NN I-NP
he PRP B-NP
supervised VBD B-VP
. . O

The DT B-NP
Senate NNP I-NP
's POS B-NP
public JJ I-NP
gallery NN I-NP
was VBD B-VP
packed VBN B-ADJP
with IN B-PP
Judge NNP B-NP
Hastings NNP I-NP
' POS B-NP
supporters NNS I-NP
, , O
who WP B-NP
erupted VBD B-VP
into IN B-PP
applause NN B-NP
after IN B-SBAR
he PRP B-NP
finished VBD B-VP
his PRP$ B-NP
argument NN I-NP
. . O

Judge NNP B-NP
Hastings NNP I-NP
, , O
who WP B-NP
was VBD B-VP
acquitted VBN I-VP
of IN B-PP
similar JJ B-NP
charges NNS I-NP
by IN B-PP
a DT B-NP
federal JJ I-NP
jury NN I-NP
in IN B-PP
1983 CD B-NP
, , O
claims NNS B-VP
he PRP B-NP
is VBZ B-VP
being VBG I-VP
victimized VBN I-VP
and CC O
that IN B-SBAR
the DT B-NP
impeachment NN I-NP
proceedings NNS I-NP
against IN B-PP
him PRP B-NP
constitute VBP B-VP
double JJ B-NP
jeopardy NN I-NP
. . O

But CC O
Rep. NNP B-NP
John NNP I-NP
Bryant NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Texas NNP B-NP
-RRB- ) O
, , O
the DT B-NP
lead NN I-NP
counsel NN I-NP
for IN B-PP
the DT B-NP
House NNP I-NP
managers NNS I-NP
who WP B-NP
conducted VBD B-VP
a DT B-NP
lengthy JJ I-NP
inquiry NN I-NP
into IN B-PP
Judge NNP B-NP
Hastings NNP I-NP
' POS B-NP
activities NNS I-NP
, , O
said VBD B-VP
`` `` O
a DT B-NP
mountain NN I-NP
of IN B-PP
evidence NN B-NP
points NNS B-VP
to TO B-PP
his PRP$ B-NP
certain JJ I-NP
guilt NN I-NP
. . O
'' '' O

The DT B-NP
Senate NNP I-NP
will MD B-VP
deliberate VB I-VP
behind IN B-PP
closed VBN B-NP
doors NNS I-NP
today NN B-NP
and CC O
is VBZ B-VP
scheduled VBN I-VP
to TO I-VP
vote VB I-VP
on IN B-PP
the DT B-NP
impeachment NN I-NP
tomorrow NN B-NP
. . O

If IN B-SBAR
the DT B-NP
judge NN I-NP
is VBZ B-VP
impeached VBN I-VP
, , O
as IN B-SBAR
is VBZ B-VP
thought VBN I-VP
likely JJ B-ADJP
, , O
he PRP B-NP
will MD B-VP
be VB I-VP
removed VBN I-VP
from IN B-PP
office NN B-NP
immediately RB B-ADVP
. . O

However RB B-ADVP
, , O
Judge NNP B-NP
Hastings NNP I-NP
has VBZ B-VP
said VBD I-VP
he PRP B-NP
will MD B-VP
continue VB I-VP
to TO I-VP
fight VB I-VP
and CC O
is VBZ B-VP
contemplating VBG I-VP
an DT B-NP
appeal NN I-NP
of IN B-PP
any DT B-NP
impeachment NN I-NP
to TO B-PP
the DT B-NP
U.S. NNP I-NP
Supreme NNP I-NP
Court NNP I-NP
. . O

COMPANIES NNS B-NP
SEEKING VBG B-VP
to TO I-VP
make VB I-VP
insurers NNS B-NP
pay VB B-VP
for IN B-PP
pollution NN B-NP
cleanup NN I-NP
win NN B-VP
court NN B-NP
victory NN I-NP
. . O

In IN B-PP
a DT B-NP
case NN I-NP
involving VBG B-VP
Avondale NNP B-NP
Industries NNP I-NP
Inc. NNP I-NP
and CC O
its PRP$ B-NP
insurer NN I-NP
, , O
Travelers NNP B-NP
Cos. NNP I-NP
, , O
the DT B-NP
Second NNP I-NP
U.S. NNP I-NP
Circuit NNP I-NP
Court NNP I-NP
of IN B-PP
Appeals NNPS B-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
ruled VBD B-VP
in IN B-PP
favor NN B-NP
of IN B-PP
the DT B-NP
company NN I-NP
on IN B-PP
two CD B-NP
issues NNS I-NP
that IN B-NP
lawyers NNS B-NP
say VBP B-VP
are VBP B-VP
central JJ B-ADJP
to TO B-PP
dozens NNS B-NP
of IN B-PP
pollution NN B-NP
cases NNS I-NP
around IN B-PP
the DT B-NP
country NN I-NP
. . O

Travelers NNP B-NP
and CC O
other JJ B-NP
insurers NNS I-NP
have VBP B-VP
maintained VBN I-VP
that IN B-SBAR
cleanup NN B-NP
costs NNS I-NP
are VBP B-VP
n't RB O
damages VBZ B-NP
and CC O
thus RB B-ADVP
are VBP B-VP
n't RB I-VP
covered VBN I-VP
under IN B-PP
commercial JJ B-NP
policies NNS I-NP
. . O

They PRP B-NP
also RB B-ADVP
have VBP B-VP
argued VBN I-VP
that IN B-SBAR
government NN B-NP
proceedings NNS I-NP
notifying VBG B-VP
a DT B-NP
company NN I-NP
of IN B-PP
potential JJ B-NP
responsibility NN I-NP
do VBP B-VP
n't RB I-VP
fit VB I-VP
the DT B-NP
legal JJ I-NP
definition NN I-NP
of IN B-PP
a DT B-NP
lawsuit NN I-NP
; : O
thus RB B-ADVP
, , O
such JJ B-NP
governmental JJ I-NP
proceedings NNS I-NP
are VBP B-VP
n't RB I-VP
covered VBN I-VP
by IN B-PP
the DT B-NP
policies NNS I-NP
, , O
the DT B-NP
insurers NNS I-NP
say VBP B-VP
. . O

The DT B-NP
appeals NNS I-NP
court VBP I-NP
disagreed VBD B-VP
on IN B-PP
both DT B-NP
counts NNS I-NP
. . O

Avondale NNP B-NP
was VBD B-VP
notified VBN I-VP
by IN B-PP
Louisiana NNP B-NP
officials NNS I-NP
in IN B-PP
1986 CD B-NP
that IN B-SBAR
it PRP B-NP
was VBD B-VP
potentially RB B-ADJP
responsible JJ I-ADJP
for IN B-PP
a DT B-NP
cleanup NN I-NP
at IN B-PP
an DT B-NP
oil-recycling NN I-NP
plant NN I-NP
. . O

Avondale NNP B-NP
asked VBD B-VP
Travelers NNP B-NP
to TO B-VP
defend VB I-VP
it PRP B-NP
in IN B-PP
the DT B-NP
state NN I-NP
proceeding NN I-NP
, , O
but CC O
the DT B-NP
insurer NN I-NP
did VBD B-VP
n't RB I-VP
respond VB I-VP
. . O

The DT B-NP
appeals NNS I-NP
court VBP I-NP
upheld VBD B-VP
a DT B-NP
district NN I-NP
judge NN I-NP
's POS B-NP
ruling NN I-NP
that IN B-SBAR
the DT B-NP
insurer NN I-NP
had VBD B-VP
to TO I-VP
defend VB I-VP
the DT B-NP
company NN I-NP
in IN B-PP
such JJ B-NP
proceedings NNS I-NP
. . O

The DT B-NP
appeals NNS I-NP
court VBP I-NP
also RB B-ADVP
said VBD B-VP
, , O
`` `` O
We PRP B-NP
think VBP B-VP
an DT B-NP
ordinary JJ I-NP
businessman NN I-NP
reading VBG B-VP
this DT B-NP
policy NN I-NP
would MD B-VP
have VB I-VP
believed VBN I-VP
himself PRP B-NP
covered VBD B-ADJP
for IN B-PP
the DT B-NP
demands NNS I-NP
and CC I-NP
potential JJ I-NP
damage NN I-NP
claims NNS I-NP
'' '' O
stemming VBG B-VP
from IN B-PP
any DT B-NP
cleanup NN I-NP
. . O

`` `` O
This DT B-NP
decision NN I-NP
will MD B-VP
have VB I-VP
a DT B-NP
very RB I-NP
considerable JJ I-NP
impact NN I-NP
, , O
'' '' O
said VBD B-VP
Kenneth NNP B-NP
Abraham NNP I-NP
, , O
professor NN B-NP
of IN B-PP
environmental JJ B-NP
law NN I-NP
and CC O
insurance NN B-NP
law NN I-NP
at IN B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
Virginia NNP B-NP
, , O
because IN B-SBAR
many JJ B-NP
commercial JJ I-NP
insurance NN I-NP
policies NNS I-NP
are VBP B-VP
issued VBN I-VP
by IN B-PP
companies NNS B-NP
based VBN B-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

William NNP B-NP
Greaney NNP I-NP
, , O
an DT B-NP
attorney NN I-NP
for IN B-PP
the DT B-NP
Chemical NNP I-NP
Manufacturers NNP I-NP
Association NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
while IN B-SBAR
other JJ B-NP
appeals NNS I-NP
courts NNS I-NP
have VBP B-VP
ruled VBN I-VP
differently RB B-ADVP
on IN B-PP
whether IN B-SBAR
cleanup NN B-NP
costs NNS I-NP
are VBP B-VP
damages NNS B-NP
, , O
the DT B-NP
influence NN I-NP
of IN B-PP
the DT B-NP
appeals NNS I-NP
court VBP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
`` `` O
will MD B-VP
make VB I-VP
insurers NNS B-NP
sit VB B-VP
up VB B-ADVP
and CC O
listen VB B-VP
. . O
'' '' O

He PRP B-NP
said VBD B-VP
the DT B-NP
decision NN I-NP
was VBD B-VP
the DT B-NP
first JJ I-NP
in IN B-PP
which WDT B-NP
a DT B-NP
federal JJ I-NP
appeals NNS I-NP
court VBP I-NP
has VBZ B-VP
ruled VBN I-VP
whether IN B-SBAR
administrative JJ B-NP
government NN I-NP
proceedings NNS I-NP
qualify VBP B-VP
as IN B-PP
litigation NN B-NP
. . O

Barry NNP B-NP
R. NNP I-NP
Ostrager NNP I-NP
, , O
an DT B-NP
attorney NN I-NP
for IN B-PP
Travelers NNP B-NP
, , O
said VBD B-VP
, , O
`` `` O
there EX B-NP
are VBP B-VP
procedural JJ B-NP
bases NNS I-NP
on IN B-PP
which WDT B-NP
this DT B-NP
case NN I-NP
will MD B-VP
be VB I-VP
appealed VBN I-VP
further JJ B-ADVP
. . O
'' '' O

NEW NNP B-NP
YORK NNP I-NP
'S VBZ B-NP
poor JJ I-NP
face NN B-VP
nearly RB B-NP
three CD I-NP
million CD I-NP
legal JJ I-NP
problems NNS I-NP
a DT B-NP
year NN I-NP
without IN B-PP
legal JJ B-NP
help NN I-NP
. . O

That DT B-NP
is VBZ B-VP
the DT B-NP
conclusion NN I-NP
of IN B-PP
a DT B-NP
report NN I-NP
released VBN B-VP
by IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
State NNP I-NP
Bar NNP I-NP
Association NNP I-NP
. . O

The DT B-NP
report NN I-NP
was VBD B-VP
based VBN I-VP
on IN B-PP
a DT B-NP
telephone NN I-NP
survey NN I-NP
of IN B-PP
1,250 CD B-NP
low-income JJ I-NP
households NNS I-NP
across IN B-PP
the DT B-NP
state NN I-NP
, , O
a DT B-NP
mail NN I-NP
survey NN I-NP
of IN B-PP
major JJ B-NP
legal-services NNS I-NP
programs NNS I-NP
and CC O
on-site JJ B-NP
interviews NNS I-NP
with IN B-PP
individuals NNS B-NP
in IN B-PP
the DT B-NP
field NN I-NP
. . O

`` `` O
The DT B-NP
report NN I-NP
provides VBZ B-VP
detailed VBN B-NP
documentation NN I-NP
of IN B-PP
the DT B-NP
extent NN I-NP
and CC I-NP
nature NN I-NP
of IN B-PP
the DT B-NP
problem NN I-NP
and CC O
indicates VBZ B-VP
how WRB B-ADVP
we PRP B-NP
may MD B-VP
want VB I-VP
to TO I-VP
shape VB I-VP
solutions NNS B-NP
, , O
'' '' O
said VBD B-VP
Joseph NNP B-NP
Genova NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
the DT B-NP
committee NN I-NP
that WDT B-NP
oversaw VBD B-VP
the DT B-NP
survey NN I-NP
and CC O
a DT B-NP
partner NN I-NP
at IN B-PP
the DT B-NP
law NN I-NP
firm NN I-NP
of IN B-PP
Milbank NNP B-NP
, , I-NP
Tweed NNP I-NP
, , I-NP
Hadley NNP I-NP
& CC I-NP
McCloy NNP I-NP
. . O

According VBG B-PP
to TO B-PP
the DT B-NP
study NN I-NP
, , O
slightly RB B-NP
more JJR I-NP
than IN I-NP
34 CD I-NP
% NN I-NP
of IN B-PP
those DT B-NP
surveyed VBN B-VP
reported VBD B-VP
having VBG I-VP
at IN B-NP
least JJS I-NP
one CD I-NP
housing NN I-NP
problem NN I-NP
every DT B-NP
year NN I-NP
for IN B-PP
which WDT B-NP
they PRP B-NP
had VBD B-VP
no DT B-NP
legal JJ I-NP
help NN I-NP
. . O

Nearly RB B-NP
36 CD I-NP
% NN I-NP
ranked VBD B-VP
housing NN B-NP
problems NNS I-NP
as IN B-PP
their PRP$ B-NP
most RBS I-NP
serious JJ I-NP
unmet JJ I-NP
legal JJ I-NP
need NN I-NP
. . O

Other JJ B-NP
areas NNS I-NP
targeted VBN B-VP
by IN B-PP
the DT B-NP
survey NN I-NP
's POS B-NP
respondents NNS I-NP
included VBD B-VP
difficulty NN B-NP
obtaining VBG B-VP
or CC I-VP
maintaining VBG I-VP
public JJ B-NP
benefits NNS I-NP
-LRB- ( O
22 CD B-NP
% NN I-NP
-RRB- ) O
, , O
consumer NN B-NP
fraud NN I-NP
-LRB- ( O
15.4 CD B-NP
% NN I-NP
-RRB- ) O
, , O
and CC O
health-care NN B-NP
issues NNS I-NP
-LRB- ( O
15 CD B-NP
% NN I-NP
-RRB- ) O
. . O

During IN B-PP
the DT B-NP
15-month JJ I-NP
survey NN I-NP
, , O
43 CD B-NP
% NN I-NP
of IN B-PP
all DT B-NP
legal-services NNS I-NP
programs NNS I-NP
said VBD B-VP
that IN B-SBAR
at IN B-PP
some DT B-NP
period NN I-NP
they PRP B-NP
were VBD B-VP
unable JJ B-ADJP
to TO B-VP
accept VB I-VP
new JJ B-NP
clients NNS I-NP
unless IN B-SBAR
they PRP B-NP
had VBD B-VP
an DT B-NP
emergency NN I-NP
. . O

Mr. NNP B-NP
Genova NNP I-NP
said VBD B-VP
the DT B-NP
committee NN I-NP
may MD B-VP
meet VB I-VP
to TO B-VP
propose VB I-VP
solutions NNS B-NP
to TO B-PP
the DT B-NP
problems NNS I-NP
identified VBN B-VP
in IN B-PP
the DT B-NP
study NN I-NP
. . O

PROSECUTOR NNP B-NP
TO TO B-VP
JOIN VB I-VP
Gibson NNP B-NP
Dunn NNP I-NP
: : O

Assistant NNP B-NP
U.S. NNP I-NP
Attorney NNP I-NP
Randy NNP I-NP
Mastro NNP I-NP
, , O
who WP B-NP
headed VBD B-VP
the DT B-NP
government NN I-NP
's POS B-NP
racketeering NN I-NP
case NN I-NP
against IN B-PP
the DT B-NP
International NNP I-NP
Brotherhood NNP I-NP
of IN B-PP
Teamsters NNPS B-NP
, , O
will MD B-VP
join VB I-VP
Gibson NNP B-NP
, , I-NP
Dunn NNP I-NP
& CC I-NP
Crutcher NNP I-NP
in IN B-PP
its PRP$ B-NP
New NNP I-NP
York NNP I-NP
office NN I-NP
. . O

Mr. NNP B-NP
Mastro NNP I-NP
has VBZ B-VP
been VBN I-VP
with IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
U.S. NNP I-NP
attorney NN I-NP
's POS B-NP
office NN I-NP
for IN B-PP
nearly RB B-NP
five CD I-NP
years NNS I-NP
. . O

In IN B-PP
1987 CD B-NP
he PRP B-NP
became VBD B-VP
deputy NN B-NP
chief NN I-NP
of IN B-PP
the DT B-NP
civil JJ I-NP
division NN I-NP
. . O

Mr. NNP B-NP
Mastro NNP I-NP
will MD B-VP
do VB I-VP
civil JJ B-NP
litigation NN I-NP
and CC O
white-collar JJ B-NP
defense NN I-NP
work NN I-NP
for IN B-PP
Gibson NNP B-NP
Dunn NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
based VBN I-VP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
. . O

FORMER JJ B-NP
APPLE NNP I-NP
COMPUTER NNP I-NP
Inc. NNP I-NP
general JJ I-NP
counsel NN I-NP
John NNP I-NP
P. NNP I-NP
Karalis NNP I-NP
has VBZ B-VP
joined VBN I-VP
the DT B-NP
Phoenix NNP I-NP
, , I-NP
Ariz. NNP I-NP
, , I-NP
law NN I-NP
firm NN I-NP
of IN B-PP
Brown NNP B-NP
& CC I-NP
Bain NNP I-NP
. . O

Mr. NNP B-NP
Karalis NNP I-NP
, , O
51 CD B-NP
, , O
will MD B-VP
specialize VB I-VP
in IN B-PP
corporate JJ B-NP
law NN I-NP
and CC O
international JJ B-NP
law NN I-NP
at IN B-PP
the DT B-NP
110-lawyer JJ I-NP
firm NN I-NP
. . O

Before IN B-PP
joining VBG B-VP
Apple NNP B-NP
in IN B-PP
1986 CD B-NP
, , O
Mr. NNP B-NP
Karalis NNP I-NP
served VBD B-VP
as IN B-PP
general JJ B-NP
counsel NN I-NP
at IN B-PP
Sperry NNP B-NP
Corp NNP I-NP
. . O

After IN B-PP
failing VBG B-VP
to TO I-VP
find VB I-VP
a DT B-NP
buyer NN I-NP
for IN B-PP
the DT B-NP
Sears NNP I-NP
Tower NNP I-NP
in IN B-PP
Chicago NNP B-NP
, , O
Sears NNP B-NP
, , I-NP
Roebuck NNP I-NP
& CC I-NP
Co. NNP I-NP
is VBZ B-VP
negotiating VBG I-VP
with IN B-PP
Boston NNP B-NP
pension NN I-NP
fund NN I-NP
adviser NN I-NP
Aldrich NNP I-NP
, , I-NP
Eastman NNP I-NP
& CC I-NP
Waltch NNP I-NP
Inc. NNP I-NP
to TO B-VP
refinance VB I-VP
the DT B-NP
property NN I-NP
for IN B-PP
close RB B-NP
to TO I-NP
$ $ I-NP
850 CD I-NP
million CD I-NP
, , O
according VBG B-PP
to TO B-PP
people NNS B-NP
close VBP B-ADJP
to TO B-PP
the DT B-NP
negotiations NNS I-NP
. . O

Under IN B-PP
the DT B-NP
proposed VBN I-NP
agreement NN I-NP
involving VBG B-VP
the DT B-NP
world NN I-NP
's POS B-NP
tallest JJS I-NP
building NN I-NP
, , O
Chicago-based JJ B-NP
Sears NNP I-NP
would MD B-VP
receive VB I-VP
about IN B-NP
half PDT I-NP
the DT I-NP
money NN I-NP
through IN B-PP
conventional JJ B-NP
mortgage NN I-NP
financing NN I-NP
and CC O
the DT B-NP
other JJ I-NP
half NN I-NP
as IN B-PP
a DT B-NP
convertible JJ I-NP
mortgage NN I-NP
. . O

At IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
term NN I-NP
of IN B-PP
the DT B-NP
convertible JJ I-NP
loan NN I-NP
, , O
Sears NNP B-NP
could MD B-VP
still RB I-VP
own JJ I-VP
half PDT B-NP
the DT I-NP
building NN I-NP
, , O
and CC O
AEW NNP B-NP
could MD B-VP
own VB I-VP
the DT B-NP
other JJ I-NP
half NN I-NP
. . O

Neither CC B-NP
side NN I-NP
would MD B-VP
comment VB I-VP
. . O

The DT B-NP
parties NNS I-NP
are VBP B-VP
currently RB I-VP
negotiating VBG I-VP
over IN B-PP
who WP B-NP
would MD B-VP
manage VB I-VP
the DT B-NP
building NN I-NP
, , O
which WDT B-NP
will MD B-VP
be VB I-VP
emptied VBN I-VP
of IN B-PP
6,000 CD B-NP
employees NNS I-NP
from IN B-PP
Sears NNP B-NP
' POS B-NP
merchandise NN I-NP
group NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
moving VBG I-VP
elsewhere RB B-ADVP
. . O

The DT B-NP
new JJ I-NP
manager NN I-NP
will MD B-VP
face VB I-VP
the DT B-NP
daunting JJ I-NP
task NN I-NP
of IN B-PP
leasing NN B-VP
1.8 CD B-NP
million CD I-NP
square NN I-NP
feet NNS I-NP
in IN B-PP
a DT B-NP
relatively RB I-NP
soft JJ I-NP
Chicago NNP I-NP
real JJ I-NP
estate NN I-NP
market NN I-NP
. . O

Also RB B-ADVP
, , O
it PRP B-NP
has VBZ B-VP
not RB I-VP
yet RB I-VP
been VBN I-VP
decided VBN I-VP
exactly RB B-NP
how WRB I-NP
much NN I-NP
of IN B-PP
the DT B-NP
mortgage NN I-NP
AEW NNP B-NP
will MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
convert VB I-VP
into IN B-PP
equity NN B-NP
. . O

Convertible JJ B-NP
mortgages NNS I-NP
have VBP B-VP
become VBN I-VP
an DT B-NP
increasingly RB I-NP
popular JJ I-NP
way NN I-NP
to TO B-VP
finance VB I-VP
prestigious JJ B-NP
buildings NNS I-NP
of IN B-PP
late JJ B-ADVP
. . O

In IN B-PP
a DT B-NP
convertible JJ I-NP
mortgage NN I-NP
, , O
the DT B-NP
investor NN I-NP
lends VBZ B-VP
the DT B-NP
building NN I-NP
owner NN I-NP
a DT B-NP
certain JJ I-NP
amount NN I-NP
in IN B-PP
return NN B-NP
for IN B-PP
the DT B-NP
option NN I-NP
to TO B-VP
convert VB I-VP
its PRP$ B-NP
interest NN I-NP
into IN B-PP
equity NN B-NP
, , O
usually RB B-ADVP
less JJR B-NP
than IN I-NP
50 CD I-NP
% NN I-NP
, , O
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
loan NN I-NP
term NN I-NP
. . O

During IN B-PP
the DT B-NP
term NN I-NP
, , O
the DT B-NP
lender NN I-NP
can MD B-VP
either DT I-VP
receive VB I-VP
a DT B-NP
percentage NN I-NP
of IN B-PP
cash NN B-NP
flow NN I-NP
, , O
a DT B-NP
percentage NN I-NP
of IN B-PP
the DT B-NP
building NN I-NP
's POS B-NP
appreciation NN I-NP
or CC O
a DT B-NP
fixed VBN I-NP
return NN I-NP
. . O

The DT B-NP
main JJ I-NP
advantage NN I-NP
of IN B-PP
a DT B-NP
convertible JJ I-NP
mortgage NN I-NP
is VBZ B-VP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
not RB O
a DT B-NP
sale NN I-NP
and CC O
therefore RB B-ADVP
does VBZ B-VP
not RB I-VP
trigger VB I-VP
costly JJ B-NP
transfer NN I-NP
taxes NNS I-NP
and CC I-NP
reappraisal NN I-NP
. . O

Sears NNP B-NP
said VBD B-VP
it PRP B-NP
would MD B-VP
put VB I-VP
the DT B-NP
110-story JJ I-NP
tower NN I-NP
on IN B-PP
the DT B-NP
block NN I-NP
almost RB B-NP
a DT I-NP
year NN I-NP
ago RB B-ADVP
as IN B-PP
part NN B-NP
of IN B-PP
its PRP$ B-NP
anti-takeover JJ I-NP
restructuring NN I-NP
. . O

But CC O
Japanese JJ B-NP
institutions NNS I-NP
shied VBD B-VP
away RB B-ADVP
from IN B-PP
bidding NN B-VP
on IN B-PP
the DT B-NP
high-profile JJ I-NP
tower NN I-NP
out IN B-PP
of IN B-PP
fear VB B-NP
their PRP$ B-NP
purchase NN I-NP
of IN B-PP
the DT B-NP
property NN I-NP
would MD B-VP
trigger VB I-VP
anti-Japanese JJ B-NP
sentiment NN I-NP
. . O

Last JJ B-NP
summer NN I-NP
, , O
Sears NNP B-NP
appeared VBD B-VP
to TO I-VP
have VB I-VP
a DT B-NP
deal NN I-NP
with IN B-PP
Canadian JJ B-NP
developer NN I-NP
Olympia NNP I-NP
& CC I-NP
York NNP I-NP
Developments NNP I-NP
Ltd NNP I-NP
. . O

But CC O
that DT B-NP
deal NN I-NP
fell VBD B-VP
through IN B-ADVP
in IN B-PP
September NNP B-NP
after IN B-SBAR
it PRP B-NP
became VBD B-VP
clear JJ B-ADJP
that IN B-SBAR
the DT B-NP
sale NN I-NP
would MD B-VP
lead VB I-VP
to TO B-PP
a DT B-NP
major JJ I-NP
real JJ I-NP
estate NN I-NP
tax NN I-NP
reassessment NN I-NP
, , O
raising VBG B-VP
property NN B-NP
taxes NNS I-NP
, , O
and CC O
making VBG B-VP
it PRP B-NP
difficult JJ B-ADJP
to TO B-VP
lease VB I-VP
the DT B-NP
building NN I-NP
at IN B-PP
competitive JJ B-NP
prices NNS I-NP
. . O

Real JJ B-NP
estate NN I-NP
industry NN I-NP
executives NNS I-NP
said VBD B-VP
Sears NNP B-NP
' POS B-NP
investment NN I-NP
banker NN I-NP
, , O
Goldman NNP B-NP
, , I-NP
Sachs NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
sought VBD B-VP
financing NN B-NP
in IN B-PP
Japan NNP B-NP
. . O

However RB B-ADVP
, , O
Japanese JJ B-NP
authorities NNS I-NP
apparently RB B-ADVP
were VBD B-VP
concerned VBN B-ADJP
that IN B-SBAR
a DT B-NP
refinancing NN I-NP
also RB B-ADVP
would MD B-VP
attract VB I-VP
too RB B-NP
much JJ I-NP
publicity NN I-NP
. . O

Sears NNP B-NP
then RB B-ADVP
went VBD B-VP
back RB B-ADVP
to TO B-PP
AEW NNP B-NP
, , O
the DT B-NP
Boston NNP I-NP
pension NN I-NP
adviser NN I-NP
that WDT B-NP
had VBD B-VP
proposed VBN I-VP
a DT B-NP
convertible JJ I-NP
debt NN I-NP
deal NN I-NP
during IN B-PP
the DT B-NP
first JJ I-NP
round NN I-NP
of IN B-PP
bids NNS B-NP
last JJ B-NP
spring NN I-NP
. . O

AEW NNP B-NP
has VBZ B-VP
$ $ B-NP
3.5 CD I-NP
billion CD I-NP
of IN B-PP
real JJ B-NP
estate NN I-NP
investments NNS I-NP
nationwide JJ B-ADVP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
spokesman NN I-NP
. . O

Tandy NNP B-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
signed VBD B-VP
a DT B-NP
definitive JJ I-NP
agreement NN I-NP
to TO B-VP
acquire VB I-VP
two CD B-NP
units NNS I-NP
of IN B-PP
Datatronic NNP B-NP
AB NNP I-NP
of IN B-PP
Stockholm NNP B-NP
for IN B-PP
cash NN B-NP
. . O

The DT B-NP
amount NN I-NP
was VBD B-VP
n't RB I-VP
disclosed VBN I-VP
. . O

The DT B-NP
electronics NNS I-NP
maker NN I-NP
and CC I-NP
retailer NN I-NP
previously RB B-ADVP
estimated VBD B-VP
the DT B-NP
sale NN I-NP
price NN I-NP
at IN B-PP
between IN B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
and CC I-NP
$ $ I-NP
200 CD I-NP
million CD I-NP
for IN B-PP
Datatronic NNP B-NP
's POS B-NP
Victor NNP I-NP
microcomputer NN I-NP
and CC I-NP
Micronic NNP I-NP
hand-held JJ I-NP
computer NN I-NP
subsidiaries NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
Tandy NNP B-NP
will MD B-VP
acquire VB I-VP
rights NNS B-NP
to TO B-PP
the DT B-NP
Victor NNP I-NP
and CC I-NP
Micronic NNP I-NP
names NNS I-NP
for IN B-PP
computers NNS B-NP
. . O

During IN B-PP
1988 CD B-NP
, , O
the DT B-NP
Datatronic NNP I-NP
subsidiaries NNS I-NP
had VBD B-VP
combined VBN B-NP
sales NNS I-NP
in IN B-PP
excess NN B-NP
of IN B-PP
$ $ B-NP
200 CD I-NP
million CD I-NP
. . O

The DT B-NP
transaction NN I-NP
will MD B-VP
give VB I-VP
Tandy NNP B-NP
a DT B-NP
well-known JJ I-NP
European JJ I-NP
computer NN I-NP
brand NN I-NP
that WDT B-NP
includes VBZ B-VP
2,700 CD B-NP
dealers NNS I-NP
and CC I-NP
distributors NNS I-NP
marketing NN B-VP
to TO B-PP
medium-sized JJ B-NP
business NN I-NP
and CC I-NP
educational JJ I-NP
institutions NNS I-NP
. . O

Closing NN B-NP
of IN B-PP
the DT B-NP
transaction NN I-NP
is VBZ B-VP
subject NN B-ADJP
to TO B-PP
certain JJ B-NP
conditions NNS I-NP
and CC I-NP
regulatory JJ I-NP
approvals NNS I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Two CD B-NP
rules NNS I-NP
in IN B-PP
pending VBG B-NP
congressional JJ I-NP
legislation NN I-NP
threaten VB B-VP
to TO I-VP
hinder VB I-VP
leveraged JJ B-NP
buy-outs NNS I-NP
by IN B-PP
raising VBG B-VP
the DT B-NP
price NN I-NP
tags NNS I-NP
of IN B-PP
such JJ B-NP
deals NNS I-NP
by IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
10 CD I-NP
% NN I-NP
. . O

Wall NNP B-NP
Street NNP I-NP
is VBZ B-VP
seething VBG I-VP
over IN B-PP
the DT B-NP
rules NNS I-NP
, , O
which WDT B-NP
would MD B-VP
curtail VB I-VP
the DT B-NP
tax NN I-NP
deductibility NN I-NP
of IN B-PP
debt NN B-NP
used VBN B-VP
in IN B-PP
most RBS B-NP
LBOs NNS I-NP
. . O

The DT B-NP
provisions NNS I-NP
, , O
in IN B-PP
deficit-reduction NN B-NP
bills NNS I-NP
recently RB B-VP
passed VBN I-VP
by IN B-PP
the DT B-NP
House NNP I-NP
and CC I-NP
Senate NNP I-NP
, , O
could MD B-VP
further VB I-VP
cool VB I-VP
the DT B-NP
takeover NN I-NP
boom NN I-NP
that WDT B-NP
has VBZ B-VP
been VBN I-VP
the DT B-NP
driving VBG I-NP
force NN I-NP
behind IN B-PP
the DT B-NP
bull NN I-NP
market NN I-NP
in IN B-PP
stocks NNS B-NP
for IN B-PP
much NN B-NP
of IN B-PP
the DT B-NP
1980s CD I-NP
, , O
some DT B-NP
tax NN I-NP
experts NNS I-NP
and CC I-NP
investment NN I-NP
bankers NNS I-NP
argue VBP B-VP
. . O

Indeed RB B-ADVP
, , O
some DT B-NP
investment NN I-NP
bankers NNS I-NP
have VBP B-VP
already RB I-VP
started VBN I-VP
restructuring NN I-VP
deals NNS B-NP
to TO B-VP
cope VB I-VP
with IN B-PP
the DT B-NP
expected VBN I-NP
rules NNS I-NP
. . O

Wall NNP B-NP
Street NNP I-NP
has VBZ B-VP
all DT I-VP
but CC I-VP
conceded VBN I-VP
on IN B-PP
the DT B-NP
issue NN I-NP
and CC O
is VBZ B-VP
now RB I-VP
lobbying VBG I-VP
for IN B-PP
the DT B-NP
less RBR I-NP
onerous JJ I-NP
Senate NNP I-NP
version NN I-NP
of IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
provisions NNS I-NP
. . O

At IN B-PP
issue NN B-NP
is VBZ B-VP
the DT B-NP
deductibility NN I-NP
of IN B-PP
certain JJ B-NP
junk NN I-NP
bonds NNS I-NP
that WDT B-NP
are VBP B-VP
used VBN I-VP
in IN B-PP
most RBS B-NP
LBOs NNS I-NP
. . O

Such JJ B-NP
high-yield JJ I-NP
debt NN I-NP
is VBZ B-VP
similar JJ B-ADJP
to TO B-PP
a DT B-NP
zero-coupon JJ I-NP
bond NN I-NP
in IN B-SBAR
that DT I-SBAR
it PRP B-NP
is VBZ B-VP
sold VBN I-VP
at IN B-PP
a DT B-NP
discount NN I-NP
to TO B-PP
face VB B-NP
value NN I-NP
, , O
with IN B-PP
interest NN B-NP
accruing VBG B-VP
instead RB B-CONJP
of IN I-CONJP
being VBG B-VP
paid VBN I-VP
to TO B-PP
the DT B-NP
holder NN I-NP
. . O

Under IN B-PP
current JJ B-NP
rules NNS I-NP
, , O
that IN B-NP
accrued VBN I-NP
interest NN I-NP
is VBZ B-VP
deductible JJ B-ADJP
by IN B-PP
the DT B-NP
company NN I-NP
issuing VBG B-VP
the DT B-NP
debt NN I-NP
. . O

The DT B-NP
House NNP I-NP
version NN I-NP
of IN B-PP
the DT B-NP
legislation NN I-NP
would MD B-VP
kill VB I-VP
that DT B-NP
deduction NN I-NP
, , O
and CC O
label VB B-VP
any DT B-NP
such JJ I-NP
debt NN I-NP
as IN B-PP
equity NN B-NP
, , O
which WDT B-NP
is VBZ B-VP
n't RB O
deductible JJ B-ADJP
. . O

The DT B-NP
less-rigorous JJR I-NP
Senate NNP I-NP
version NN I-NP
would MD B-VP
defer VB I-VP
the DT B-NP
deductibility NN I-NP
for IN B-PP
roughly RB B-NP
five CD I-NP
years NNS I-NP
. . O

`` `` O
You PRP B-NP
see VBP B-VP
these DT B-NP
in NN B-PP
just RB B-ADVP
about IN I-ADVP
every DT B-NP
LBO NNP I-NP
, , O
'' '' O
said VBD B-VP
Robert NNP B-NP
Willens NNP I-NP
, , O
senior JJ B-NP
vice NN I-NP
president NN I-NP
in IN B-PP
charge NN B-NP
of IN B-PP
tax NN B-NP
issues NNS I-NP
at IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc. NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

`` `` O
It PRP B-NP
becomes VBZ B-VP
a DT B-NP
source NN I-NP
of IN B-PP
cash NN B-NP
'' '' O
for IN B-PP
the DT B-NP
company NN I-NP
making VBG B-VP
the DT B-NP
LBO NNP I-NP
because IN B-SBAR
it PRP B-NP
gets VBZ B-VP
a DT B-NP
deduction NN I-NP
and CC O
does VBZ B-VP
n't RB I-VP
have VB I-VP
to TO I-VP
repay VB I-VP
the DT B-NP
debt NN I-NP
for IN B-PP
several JJ B-NP
years NNS I-NP
. . O

Typically RB B-ADVP
, , O
Mr. NNP B-NP
Willens NNP I-NP
estimates VBZ B-VP
, , O
this DT B-NP
type NN I-NP
of IN B-PP
debt NN B-NP
makes VBZ B-VP
up IN B-PRT
15 CD B-NP
% NN I-NP
to TO O
20 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
financing NN I-NP
for IN B-PP
LBOs NNS B-NP
. . O

These DT B-NP
types NNS I-NP
of IN B-PP
bonds NNS B-NP
have VBP B-VP
been VBN I-VP
used VBN I-VP
in IN B-PP
buy-outs NNS B-NP
of IN B-PP
companies NNS B-NP
such JJ B-PP
as IN I-PP
RJR NNP B-NP
Nabisco NNP I-NP
Inc. NNP I-NP
, , O
Storer NNP B-NP
Communications NNP I-NP
Inc. NNP I-NP
and CC O
Kroger NNP B-NP
Co NNP I-NP
. . O

A DT B-NP
second JJ I-NP
provision NN I-NP
passed VBN B-VP
by IN B-PP
the DT B-NP
Senate NNP I-NP
and CC I-NP
House NNP I-NP
would MD B-VP
eliminate VB I-VP
a DT B-NP
rule NN I-NP
allowing VBG B-VP
companies NNS B-NP
that IN B-NP
post NN B-VP
losses NNS B-NP
resulting VBG B-VP
from IN B-PP
LBO NNP B-NP
debt NN I-NP
to TO B-VP
receive VB I-VP
refunds NNS B-NP
of IN B-PP
taxes NNS B-NP
paid VBN B-VP
over IN B-PP
the DT B-NP
previous JJ I-NP
three CD I-NP
years NNS I-NP
. . O

For IN B-PP
example NN B-NP
, , O
if IN B-SBAR
a DT B-NP
company NN I-NP
posted VBD B-VP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
100 CD I-NP
million CD I-NP
from IN B-PP
buy-out NN B-NP
interest NN I-NP
payments NNS I-NP
, , O
the DT B-NP
existing VBG I-NP
rule NN I-NP
would MD B-VP
allow VB I-VP
the DT B-NP
concern NN I-NP
to TO B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
receive VB I-VP
a DT B-NP
refund NN I-NP
from IN B-PP
the DT B-NP
tax NN I-NP
it PRP B-NP
paid VBD B-VP
from IN B-PP
1986 CD B-NP
through IN B-PP
1989 CD B-NP
, , O
when WRB B-ADVP
it PRP B-NP
may MD B-VP
have VB I-VP
been VBN I-VP
a DT B-NP
profitable JJ I-NP
public JJ I-NP
company NN I-NP
. . O

But CC O
that DT B-NP
rule NN I-NP
is VBZ B-VP
being VBG I-VP
virtually RB I-VP
overlooked VBN I-VP
by IN B-PP
Wall NNP B-NP
Street NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
concentrating VBG I-VP
on IN B-PP
coping VBG B-VP
with IN B-PP
the DT B-NP
deduction NN I-NP
issue NN I-NP
. . O

`` `` O
Prices NNS B-NP
for IN B-PP
LBOs NNS B-NP
have VBP B-VP
to TO I-VP
come VB I-VP
down RB B-ADVP
if IN B-SBAR
you PRP B-NP
do VBP B-VP
n't RB I-VP
have VB I-VP
that DT B-NP
feature NN I-NP
, , O
'' '' O
argued VBD B-VP
Lawrence NNP B-NP
Schloss NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
for IN B-PP
merchant NN B-NP
banking NN I-NP
at IN B-PP
Donaldson NNP B-NP
, , I-NP
Lufkin NNP I-NP
& CC I-NP
Jenrette NNP I-NP
Securities NNP I-NP
Corp. NNP I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

Several NNP B-NP
Wall NNP I-NP
Street NNP I-NP
officials NNS I-NP
say VBP B-VP
the DT B-NP
proposed VBN I-NP
legislation NN I-NP
already RB B-ADVP
is VBZ B-VP
having VBG I-VP
an DT B-NP
impact NN I-NP
. . O

An DT B-NP
investment NN I-NP
group NN I-NP
led VBN B-VP
by IN B-PP
Chicago NNP B-NP
's POS B-NP
Pritzker NNP I-NP
family NN I-NP
recently RB B-ADVP
lowered VBD B-VP
a DT B-NP
$ $ I-NP
3.35 CD I-NP
billion CD I-NP
bid NN I-NP
for IN B-PP
American NNP B-NP
Medical NNP I-NP
International NNP I-NP
, , O
Beverly NNP B-NP
Hills NNP I-NP
, , O
Calif. NNP B-NP
, , O
because IN B-PP
of IN I-PP
the DT B-NP
threat NN I-NP
of IN B-PP
the DT B-NP
legislation NN I-NP
. . O

Moreover RB B-ADVP
, , O
one CD B-NP
investment NN I-NP
banker NN I-NP
, , O
who WP B-NP
requested VBD B-VP
anonymity NN B-NP
, , O
said VBD B-VP
his PRP$ B-NP
firm NN I-NP
did VBD B-VP
n't RB I-VP
raise VB I-VP
the DT B-NP
ante NN I-NP
for IN B-PP
a DT B-NP
target NN I-NP
company NN I-NP
earlier RBR B-NP
this DT I-NP
month NN I-NP
after IN B-SBAR
a DT B-NP
stronger JJR I-NP
bid NN I-NP
emerged VBD B-VP
from IN B-PP
a DT B-NP
public JJ I-NP
company NN I-NP
that WDT B-NP
was VBD B-VP
n't RB O
concerned VBN B-ADJP
about IN B-PP
the DT B-NP
financing NN I-NP
provision NN I-NP
. . O

`` `` O
We PRP B-NP
would MD B-VP
have VB I-VP
paid VBN I-VP
more JJR B-NP
if IN B-SBAR
we PRP B-NP
thought VBD B-VP
that DT B-NP
law NN I-NP
was VBD B-VP
n't RB I-VP
going VBG I-VP
to TO I-VP
pass VB I-VP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

One CD B-NP
possible JJ I-NP
solution NN I-NP
for IN B-PP
Wall NNP B-NP
Street NNP I-NP
is VBZ B-VP
to TO B-VP
increase VB I-VP
the DT B-NP
equity NN I-NP
part NN I-NP
of IN B-PP
the DT B-NP
transaction NN I-NP
-- : O
that DT B-NP
is VBZ B-VP
, , O
give VB B-VP
lenders NNS B-NP
a DT B-NP
bigger JJR I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
surviving VBG I-NP
company NN I-NP
rather RB B-PP
than IN I-PP
just RB B-NP
interest NN I-NP
payments NNS I-NP
. . O

That DT B-NP
would MD B-VP
force VB I-VP
the DT B-NP
buy-out NN I-NP
firm NN I-NP
and CC O
the DT B-NP
target NN I-NP
company NN I-NP
's POS B-NP
management NN I-NP
to TO B-VP
reduce VB I-VP
their PRP$ B-NP
level NN I-NP
of IN B-PP
ownership NN B-NP
. . O

`` `` O
The DT B-NP
pigs NNS I-NP
in IN B-PP
the DT B-NP
trough NN I-NP
may MD B-VP
have VB I-VP
to TO I-VP
give VB I-VP
a DT B-NP
little JJ I-NP
bit NN I-NP
of IN B-PP
the DT B-NP
slop NN I-NP
back RB B-ADVP
and CC O
then RB O
the DT B-NP
deal NN I-NP
can MD B-VP
go VB I-VP
through IN B-ADVP
, , O
'' '' O
said VBD B-VP
Peter NNP B-NP
C. NNP I-NP
Canellos NNP I-NP
, , O
tax NN B-NP
partner NN I-NP
at IN B-PP
Wachtell NNP B-NP
, , I-NP
Lipton NNP I-NP
, , I-NP
Rosen NNP I-NP
& CC I-NP
Katz NNP I-NP
. . O

Another DT B-NP
solution NN I-NP
, , O
said VBD B-VP
a DT B-NP
tax NN I-NP
lawyer NN I-NP
who WP B-NP
requested VBD B-VP
anonymity NN B-NP
, , O
is VBZ B-VP
for IN B-SBAR
firms NNS B-NP
to TO B-VP
use VB I-VP
convertible JJ B-NP
bonds NNS I-NP
that WDT B-NP
sell VBP B-VP
at IN B-PP
a DT B-NP
discount NN I-NP
. . O

Since IN B-SBAR
they PRP B-NP
have VBP B-VP
a DT B-NP
lower JJR I-NP
interest NN I-NP
rate NN I-NP
, , O
they PRP B-NP
would MD B-VP
n't RB I-VP
fall VB I-VP
under IN B-PP
the DT B-NP
junk-bond NN I-NP
category NN I-NP
that WDT B-NP
would MD B-VP
lose VB I-VP
its PRP$ B-NP
deductibility NN I-NP
. . O

The DT B-NP
House NNP I-NP
version NN I-NP
of IN B-PP
the DT B-NP
bill NN I-NP
would MD B-VP
make VB I-VP
debt NN B-NP
non-deductible JJ B-ADJP
if IN B-SBAR
it PRP B-NP
pays VBZ B-VP
five CD B-NP
percentage NN I-NP
points NNS I-NP
above IN B-PP
Treasury NNP B-NP
notes NNS I-NP
, , O
has VBZ B-VP
at IN B-ADVP
least JJS I-ADVP
a DT B-NP
five-year JJ I-NP
maturity NN I-NP
and CC O
does VBZ B-VP
n't RB I-VP
pay VB I-VP
interest NN B-NP
for IN B-PP
at IN B-NP
least JJS I-NP
one CD I-NP
year NN I-NP
out IN B-PP
of IN B-PP
the DT B-NP
first JJ I-NP
five CD I-NP
. . O

The DT B-NP
bill NN I-NP
would MD B-VP
then RB I-VP
declare VB I-VP
that IN B-SBAR
the DT B-NP
debt NN I-NP
is VBZ B-VP
equity NN B-NP
and CC O
therefore RB B-ADVP
is VBZ B-VP
n't RB O
deductible JJ B-ADJP
. . O

The DT B-NP
Senate NNP I-NP
bill NN I-NP
would MD B-VP
only RB I-VP
deny VB I-VP
the DT B-NP
deduction NN I-NP
until IN B-SBAR
interest NN B-NP
is VBZ B-VP
actually RB I-VP
paid VBN I-VP
. . O

Currently RB B-ADVP
, , O
even RB B-SBAR
though IN I-SBAR
the DT B-NP
issuer NN I-NP
does VBZ B-VP
n't RB I-VP
pay VB I-VP
tax NN B-NP
, , O
the DT B-NP
debt NN I-NP
holder NN I-NP
is VBZ B-VP
taxed VBN I-VP
on IN B-PP
the DT B-NP
accrued VBN I-NP
interest NN I-NP
. . O

But CC O
those DT B-NP
holders NNS I-NP
are VBP B-VP
often RB B-ADVP
foreign JJ B-NP
investors NNS I-NP
and CC O
tax-exempt JJ B-NP
pension NN I-NP
funds NNS I-NP
that WDT B-NP
do VBP B-VP
n't RB I-VP
pay VB I-VP
taxes NNS B-NP
on IN B-PP
their PRP$ B-NP
holdings NNS I-NP
. . O

The DT B-NP
Senate NNP I-NP
estimates NNS B-VP
that IN B-SBAR
its PRP$ B-NP
version NN I-NP
of IN B-PP
the DT B-NP
provision NN I-NP
would MD B-VP
yield VB I-VP
$ $ B-NP
17 CD I-NP
million CD I-NP
the DT B-NP
first JJ I-NP
year NN I-NP
and CC O
a DT B-NP
total NN I-NP
of IN B-PP
$ $ B-NP
409 CD I-NP
million CD I-NP
over IN B-PP
five CD B-NP
years NNS I-NP
. . O

The DT B-NP
House NNP I-NP
version NN I-NP
would MD B-VP
raise VB I-VP
slightly RB B-NP
more JJR I-NP
. . O

Even RB B-SBAR
if IN I-SBAR
Wall NNP B-NP
Street NNP I-NP
finds VBZ B-VP
ways NNS B-NP
around IN B-PP
the DT B-NP
new JJ I-NP
rules NNS I-NP
, , O
a DT B-NP
Senate NNP I-NP
aide NN I-NP
contends VBZ B-VP
LBOs NNS B-NP
will MD B-VP
become VB I-VP
somewhat RB B-ADJP
more RBR I-ADJP
difficult JJ I-ADJP
. . O

`` `` O
There EX B-NP
's VBZ B-VP
no DT B-NP
question NN I-NP
it PRP B-NP
will MD B-VP
make VB I-VP
LBOs NNS B-NP
more RBR B-ADJP
expensive JJ I-ADJP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
The DT B-NP
interest NN I-NP
deduction NN I-NP
was VBD B-VP
the DT B-NP
engine NN I-NP
that WDT B-NP
made VBD B-VP
these DT B-NP
things NNS I-NP
more RBR B-ADJP
productive JJ I-ADJP
. . O

The DT B-NP
average JJ I-NP
publicly RB I-NP
offered VBN I-NP
commodity NN I-NP
fund NN I-NP
fell VBD B-VP
4.2 CD B-NP
% NN I-NP
in IN B-PP
September NNP B-NP
, , O
largely RB B-ADVP
because IN B-PP
of IN I-PP
the DT B-NP
volatile JJ I-NP
markets NNS I-NP
in IN B-PP
foreign JJ B-NP
currencies NNS I-NP
, , O
according VBG B-PP
to TO B-PP
Norwood NNP B-NP
Securities NNPS I-NP
. . O

The DT B-NP
firm NN I-NP
said VBD B-VP
that IN B-SBAR
losers NNS B-NP
outnumbered VBD B-VP
gainers NNS B-NP
by IN B-PP
more JJR B-NP
than IN B-PP
three CD B-NP
to TO B-PP
one CD B-NP
among IN B-PP
the DT B-NP
122 CD I-NP
funds NNS I-NP
it PRP B-NP
tracks VBZ B-VP
. . O

For IN B-PP
the DT B-NP
first JJ I-NP
nine CD I-NP
months NNS I-NP
of IN B-PP
the DT B-NP
year NN I-NP
, , O
Norwood NNP B-NP
said VBD B-VP
the DT B-NP
average JJ I-NP
fund NN I-NP
has VBZ B-VP
lost VBN I-VP
3.3 CD B-NP
% NN I-NP
. . O

The DT B-NP
government NN I-NP
moved VBD B-VP
aggressively RB B-ADVP
to TO B-VP
open VB I-VP
the DT B-NP
spigots NNS I-NP
of IN B-PP
federal JJ B-NP
aid NN I-NP
for IN B-PP
victims NNS B-NP
of IN B-PP
the DT B-NP
California NNP I-NP
earthquake NN I-NP
, , O
but CC O
its PRP$ B-NP
reservoir NN I-NP
of IN B-PP
emergency NN B-NP
funds NNS I-NP
must MD B-VP
be VB I-VP
replenished VBN I-VP
soon RB B-ADVP
if IN B-SBAR
the DT B-NP
aid NN I-NP
is VBZ B-VP
to TO I-VP
continue VB I-VP
. . O

President NNP B-NP
Bush NNP I-NP
signed VBD B-VP
a DT B-NP
disaster NN I-NP
declaration NN I-NP
covering VBG B-VP
seven CD B-NP
Northern NNP I-NP
California NNP I-NP
counties NNS I-NP
. . O

The DT B-NP
declaration NN I-NP
immediately RB B-ADVP
made VBD B-VP
the DT B-NP
counties NNS I-NP
eligible JJ B-ADJP
for IN B-PP
temporary JJ B-NP
housing NN I-NP
, , O
grants NNS B-NP
and CC O
low-cost JJ B-NP
loans NNS I-NP
to TO B-VP
cover VB I-VP
uninsured JJ B-NP
property NN I-NP
losses NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
an DT B-NP
unusually RB I-NP
wide JJ I-NP
array NN I-NP
of IN B-PP
federal JJ B-NP
agencies NNS I-NP
moved VBD B-VP
to TO I-VP
provide VB I-VP
specialized JJ B-NP
assistance NN I-NP
. . O

The DT B-NP
Department NNP I-NP
of IN B-PP
Housing NNP B-NP
and CC O
Urban NNP B-NP
Development NNP I-NP
prepared VBD B-VP
to TO I-VP
make VB I-VP
as RB B-NP
many JJ I-NP
as IN I-NP
100 CD I-NP
vacant JJ I-NP
houses NNS I-NP
available JJ B-ADJP
for IN B-PP
those DT B-NP
left VBN B-VP
homeless JJ B-ADJP
, , O
the DT B-NP
Agriculture NNP I-NP
Department NNP I-NP
was VBD B-VP
set VBN I-VP
to TO I-VP
divert VB I-VP
food NN B-NP
from IN B-PP
the DT B-NP
school-lunch NN I-NP
program NN I-NP
to TO B-PP
earthquake NN B-NP
victims NNS I-NP
, , O
and CC O
the DT B-NP
Pentagon NNP I-NP
was VBD B-VP
providing VBG I-VP
everything NN B-NP
from IN B-PP
radio NN B-NP
communications NNS I-NP
to TO B-PP
blood NN B-NP
transfusions NNS I-NP
to TO B-PP
military JJ B-NP
police NN I-NP
for IN B-PP
directing VBG B-VP
traffic NN B-NP
. . O

But CC O
the DT B-NP
pool NN I-NP
of IN B-PP
federal JJ B-NP
emergency-relief NN I-NP
funds NNS I-NP
already RB B-ADVP
is VBZ B-VP
running VBG I-VP
low JJ B-ADJP
because IN B-PP
of IN I-PP
the DT B-NP
heavy JJ I-NP
costs NNS I-NP
of IN B-PP
cleaning NN B-VP
up IN B-PRT
Hurricane NNP B-NP
Hugo NNP I-NP
, , O
and CC O
Congress NNP B-NP
will MD B-VP
be VB I-VP
under IN B-PP
pressure NN B-NP
to TO B-VP
allocate VB I-VP
more JJR B-NP
money NN I-NP
quickly RB B-ADVP
. . O

In IN B-PP
Hugo NNP B-NP
's POS B-NP
wake NN I-NP
, , O
Congress NNP B-NP
allocated VBD B-VP
$ $ B-NP
1.1 CD I-NP
billion CD I-NP
in IN B-PP
relief NN B-NP
funds NNS I-NP
, , O
and CC O
White NNP B-NP
House NNP I-NP
spokesman NN I-NP
Marlin NNP I-NP
Fitzwater NNP I-NP
said VBD B-VP
$ $ B-NP
273 CD I-NP
million CD I-NP
of IN B-PP
that DT B-NP
money NN I-NP
remains VBZ B-VP
and CC O
could MD B-VP
be VB I-VP
diverted VBN I-VP
for IN B-PP
quick JJ B-NP
expenditures NNS I-NP
related VBN B-ADJP
to TO B-PP
the DT B-NP
earthquake NN I-NP
. . O

Now RB B-ADVP
, , O
though RB B-ADVP
, , O
enormous JJ B-NP
costs NNS I-NP
for IN B-PP
earthquake NN B-NP
relief NN I-NP
will MD B-VP
pile VB I-VP
on IN B-PP
top NN B-NP
of IN B-PP
outstanding JJ B-NP
costs NNS I-NP
for IN B-PP
hurricane NN B-NP
relief NN I-NP
. . O

`` `` O
That DT B-NP
obviously RB B-ADVP
means VBZ B-VP
that IN B-SBAR
we PRP B-NP
wo MD B-VP
n't RB I-VP
have VB I-VP
enough RB B-NP
for IN B-PP
all DT B-NP
of IN B-PP
the DT B-NP
emergencies NNS I-NP
that WDT B-NP
are VBP B-VP
now RB I-VP
facing VBG I-VP
us PRP B-NP
, , O
and CC O
we PRP B-NP
will MD B-VP
have VB I-VP
to TO I-VP
consider VB I-VP
appropriate JJ B-NP
requests NNS I-NP
for IN B-PP
follow-on JJ B-NP
funding NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Fitzwater NNP I-NP
said VBD B-VP
. . O

The DT B-NP
federal JJ I-NP
government NN I-NP
is VBZ B-VP
n't RB I-VP
even RB I-VP
attempting VBG I-VP
yet RB I-VP
to TO I-VP
estimate VB I-VP
how WRB B-NP
much JJ I-NP
the DT B-NP
earthquake NN I-NP
will MD B-VP
cost VB I-VP
it PRP B-NP
. . O

But CC O
Mr. NNP B-NP
Fitzwater NNP I-NP
said VBD B-VP
, , O
`` `` O
There EX B-NP
will MD B-VP
be VB I-VP
, , O
I PRP B-NP
think VBP B-VP
quite RB B-ADVP
obviously RB I-ADVP
, , O
a DT B-NP
very RB I-NP
large JJ I-NP
amount NN I-NP
of IN B-PP
money NN B-NP
required VBN B-VP
from IN B-PP
all DT B-NP
levels NNS I-NP
of IN B-PP
government NN B-NP
. . O
'' '' O

In IN B-PP
Congress NNP B-NP
, , O
lawmakers NNS B-NP
already RB B-ADVP
are VBP B-VP
looking VBG I-VP
for IN B-PP
ways NNS B-NP
to TO B-VP
add VB I-VP
relief NN B-NP
funds NNS I-NP
. . O

Money NNP B-NP
could MD B-VP
be VB I-VP
added VBN I-VP
to TO B-PP
a DT B-NP
pending VBG I-NP
spending NN I-NP
bill NN I-NP
covering VBG B-VP
the DT B-NP
Federal NNP I-NP
Emergency NNP I-NP
Management NNP I-NP
Agency NNP I-NP
, , O
which WDT B-NP
coordinates VBZ B-VP
federal JJ B-NP
disaster NN I-NP
relief NN I-NP
. . O

More RBR B-ADVP
likely JJ I-ADVP
, , O
relief NN B-NP
funds NNS I-NP
could MD B-VP
be VB I-VP
added VBN I-VP
to TO B-PP
an DT B-NP
omnibus JJ I-NP
spending NN I-NP
bill NN I-NP
that IN B-NP
Congress NNP B-NP
is VBZ B-VP
to TO I-VP
begin VB I-VP
considering VBG I-VP
next JJ B-NP
week NN I-NP
. . O

But CC O
it PRP B-NP
is VBZ B-VP
n't RB O
just RB O
Washington NNP B-NP
's POS B-NP
relief NN I-NP
dollars NNS I-NP
that WDT B-NP
are VBP B-VP
spread NN I-VP
thin JJ B-ADVP
; : O
its PRP$ B-NP
relief NN I-NP
manpower NN I-NP
also RB B-ADVP
is VBZ B-VP
stretched VBN I-VP
. . O

FEMA NNP B-NP
still RB B-ADVP
has VBZ B-VP
special JJ B-NP
disaster NN I-NP
centers NNS I-NP
open JJ B-ADJP
to TO B-VP
handle VB I-VP
the DT B-NP
aftermath NN I-NP
of IN B-PP
Hugo NNP B-NP
, , O
and CC O
spokesman NN B-NP
Russell NNP I-NP
Clanahan NNP I-NP
acknowledged VBD B-VP
that IN B-SBAR
`` `` O
we PRP B-NP
're VBP B-VP
pretty RB B-ADJP
thin JJ I-ADJP
. . O
'' '' O

Mr. NNP B-NP
Clanahan NNP I-NP
says VBZ B-VP
FEMA NNP B-NP
now RB B-ADVP
possibly RB B-ADVP
may MD B-VP
have VB I-VP
the DT B-NP
heaviest JJS I-NP
caseload NN I-NP
in IN B-PP
its PRP$ B-NP
history NN I-NP
. . O

To TO B-VP
further VB I-VP
complicate VB I-VP
relief NN B-NP
efforts NNS I-NP
, , O
the DT B-NP
privately RB I-NP
funded VBN I-NP
American NNP I-NP
Red NNP I-NP
Cross NNP I-NP
also RB B-ADVP
finds VBZ B-VP
itself PRP B-NP
strapped VBD B-ADJP
for IN B-PP
funds NNS B-NP
after IN B-PP
its PRP$ B-NP
big JJ I-NP
Hugo NNP I-NP
operation NN I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
been VBN I-VP
a DT B-NP
bad JJ I-NP
month NN I-NP
money-wise JJ B-ADVP
and CC B-ADVP
every DT B-NP
other JJ I-NP
way NN I-NP
, , O
'' '' O
said VBD B-VP
Sally NNP B-NP
Stewart NNP I-NP
, , O
a DT B-NP
spokeswoman NN I-NP
for IN B-PP
the DT B-NP
Red NNP I-NP
Cross NNP I-NP
. . O

`` `` O
It PRP B-NP
just RB B-ADVP
makes VBZ B-VP
it PRP B-NP
a DT B-NP
little JJ I-NP
rough JJ B-ADJP
when WRB B-ADVP
you PRP B-NP
have VBP B-VP
to TO I-VP
worry VB I-VP
about IN B-PP
the DT B-NP
budget NN I-NP
. . O
'' '' O

The DT B-NP
Red NNP I-NP
Cross NNP I-NP
has VBZ B-VP
opened VBN I-VP
30 CD B-NP
shelters NNS I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
, , O
serving VBG B-VP
5,000 CD B-NP
people NNS I-NP
. . O

Twenty-five CD B-NP
trucks NNS I-NP
capable JJ B-ADJP
of IN B-PP
cooking NN B-VP
food NN B-NP
were VBD B-VP
dispatched VBN I-VP
from IN B-PP
other JJ B-NP
states NNS I-NP
. . O

All DT B-NP
the DT I-NP
precise JJ I-NP
types NNS I-NP
of IN B-PP
federal JJ B-NP
aid NN I-NP
that WDT B-NP
will MD B-VP
be VB I-VP
sent VBN I-VP
to TO B-PP
California NNP B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
determined VBN I-VP
until IN B-SBAR
state NN B-NP
officials NNS I-NP
make VBP B-VP
specific JJ B-NP
requests NNS I-NP
to TO B-PP
FEMA NNP B-NP
, , O
agency NN B-NP
officials NNS I-NP
said VBD B-VP
. . O

And CC O
in IN B-PP
the DT B-NP
confusion NN I-NP
after IN B-PP
the DT B-NP
earthquake NN I-NP
, , O
`` `` O
the DT B-NP
information NN I-NP
flow NN I-NP
is VBZ B-VP
a DT B-NP
little JJ I-NP
slow JJ B-ADJP
coming NN B-VP
in IN B-ADVP
from IN B-PP
the DT B-NP
affected VBN I-NP
area NN I-NP
, , O
'' '' O
said VBD B-VP
Carl NNP B-NP
Suchocki NNP I-NP
, , O
a DT B-NP
FEMA NNP I-NP
spokesman NN I-NP
. . O

Still RB B-ADVP
, , O
some DT B-NP
aid NN I-NP
is VBZ B-VP
moving VBG I-VP
westward RB B-ADVP
from IN B-PP
Washington NNP B-NP
almost RB B-ADVP
immediately RB I-ADVP
. . O

HUD NNP B-NP
officials NNS I-NP
said VBD B-VP
they PRP B-NP
will MD B-VP
make VB I-VP
available JJ B-ADJP
as RB B-NP
many JJ I-NP
as IN I-NP
100 CD I-NP
Bay NNP I-NP
area NN I-NP
houses NNS I-NP
that WDT B-NP
are VBP B-VP
under IN B-PP
HUD NNP B-NP
loans NNS I-NP
but CC O
now RB B-VP
are VBP I-VP
vacant JJ B-ADJP
after IN B-SBAR
the DT B-NP
houses NNS I-NP
have VBP B-VP
been VBN I-VP
inspected VBN I-VP
to TO B-VP
ensure VB I-VP
they PRP B-NP
are VBP B-VP
sound NN B-ADJP
. . O

Additional JJ B-NP
housing NN I-NP
vouchers NNS I-NP
and CC I-NP
certificates NNS I-NP
will MD B-VP
be VB I-VP
made VBN I-VP
available JJ B-ADJP
, , O
officials NNS B-NP
said VBD B-VP
, , O
and CC O
some DT B-NP
housing NN I-NP
and CC I-NP
community-development NN I-NP
funds NNS I-NP
may MD B-VP
be VB I-VP
shifted VBN I-VP
from IN B-PP
other JJ B-NP
programs NNS I-NP
or CC O
made VBN B-VP
available JJ B-ADJP
for IN B-PP
emergency NN B-NP
use NN I-NP
. . O

Another DT B-NP
federal JJ I-NP
agency NN I-NP
not RB B-VP
normally RB I-VP
associated VBN I-VP
with IN B-PP
disaster NN B-NP
relief NN I-NP
-- : O
the DT B-NP
Internal NNP I-NP
Revenue NNP I-NP
Service NNP I-NP
-- : O
moved VBD B-VP
quickly RB B-ADVP
as IN B-ADVP
well RB I-ADVP
. . O

The DT B-NP
IRS NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
waive VB I-VP
certain JJ B-NP
tax NN I-NP
penalties NNS I-NP
for IN B-PP
earthquake NN B-NP
victims NNS I-NP
unable JJ B-ADJP
to TO B-VP
meet VB I-VP
return NN B-NP
deadlines NNS I-NP
or CC O
make VB B-VP
payments NNS B-NP
because IN B-PP
of IN I-PP
the DT B-NP
quake NN I-NP
's POS B-NP
devastation NN I-NP
. . O

The DT B-NP
agency NN I-NP
plans NNS B-VP
to TO I-VP
announce VB I-VP
specific JJ B-NP
relief NN I-NP
procedures NNS I-NP
in IN B-PP
the DT B-NP
coming VBG I-NP
days NNS I-NP
. . O

And CC O
the DT B-NP
Treasury NNP I-NP
said VBD B-VP
residents NNS B-NP
of IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
will MD B-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
cash VB I-VP
in IN B-PRT
savings NNS B-NP
bonds NNS I-NP
even RB B-SBAR
if IN I-SBAR
they PRP B-NP
have VBP B-VP
n't RB I-VP
held VBN I-VP
them PRP B-NP
for IN B-PP
the DT B-NP
minimum JJ I-NP
six-month JJ I-NP
period NN I-NP
. . O

One CD B-NP
advantage NN I-NP
that IN B-NP
federal JJ B-NP
officials NNS I-NP
have VBP B-VP
in IN B-PP
handling NN B-VP
earthquake NN B-NP
relief NN I-NP
is VBZ B-VP
the DT B-NP
large JJ I-NP
number NN I-NP
of IN B-PP
military JJ B-NP
facilities NNS I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
area NN I-NP
, , O
facilities NNS B-NP
that WDT B-NP
provide VBP B-VP
a DT B-NP
ready JJ I-NP
base NN I-NP
of IN B-PP
supplies NNS B-NP
and CC I-NP
workers NNS I-NP
. . O

Even RB B-SBAR
before IN I-SBAR
the DT B-NP
full JJ I-NP
extent NN I-NP
of IN B-PP
the DT B-NP
devastation NN I-NP
was VBD B-VP
known VBN I-VP
, , O
Defense NNP B-NP
Secretary NNP I-NP
Dick NNP I-NP
Cheney NNP I-NP
ordered VBD B-VP
the DT B-NP
military JJ I-NP
services NNS I-NP
to TO B-VP
set VB I-VP
up IN B-PRT
an DT B-NP
emergency NN I-NP
command NN I-NP
center NN I-NP
in IN B-PP
the DT B-NP
Pentagon NNP I-NP
and CC O
prepare VB B-VP
to TO I-VP
respond VB I-VP
to TO B-PP
various JJ B-NP
FEMA NNP I-NP
requests NNS I-NP
for IN B-PP
assistance NN B-NP
. . O

By IN B-PP
yesterday NN B-NP
afternoon NN I-NP
, , O
Air NNP B-NP
Force NNP I-NP
transport NN I-NP
planes NNS I-NP
began VBD B-VP
moving VBG I-VP
additional JJ B-NP
rescue NN I-NP
and CC I-NP
medical JJ I-NP
supplies NNS I-NP
, , I-NP
physicians NNS I-NP
, , I-NP
communications NNS I-NP
equipment NN I-NP
and CC I-NP
FEMA NNP I-NP
personnel NNS I-NP
to TO B-PP
California NNP B-NP
. . O

A DT B-NP
military JJ I-NP
jet NN I-NP
flew VBD B-VP
a DT B-NP
congressional JJ I-NP
delegation NN I-NP
and CC O
senior JJ B-NP
Bush NNP I-NP
administration NN I-NP
officials NNS I-NP
to TO B-VP
survey VB I-VP
the DT B-NP
damage NN I-NP
. . O

And CC O
the DT B-NP
Pentagon NNP I-NP
said VBD B-VP
dozens NNS B-NP
of IN B-PP
additional JJ B-NP
crews NNS I-NP
and CC I-NP
transport NN I-NP
aircraft NN I-NP
were VBD B-VP
on IN B-PP
alert JJ B-ADJP
`` `` O
awaiting VBG B-VP
orders NNS B-NP
to TO B-VP
move VB I-VP
emergency NN B-NP
supplies NNS I-NP
. . O
'' '' O

Two CD B-NP
Air NNP I-NP
Force NNP I-NP
facilities NNS I-NP
near IN B-PP
Sacramento NNP B-NP
, , O
and CC O
Travis NNP B-NP
Air NNP I-NP
Force NNP I-NP
Base NNP I-NP
, , O
50 CD B-NP
miles NNS I-NP
northeast NN B-ADVP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
were VBD B-VP
designated VBN I-VP
to TO B-VP
serve VB I-VP
as IN B-PP
medical-airlift NN B-NP
centers NNS I-NP
. . O

Some DT B-NP
victims NNS I-NP
also RB B-ADVP
were VBD B-VP
treated VBN I-VP
at IN B-PP
the DT B-NP
Letterman NNP I-NP
Army NNP I-NP
Medical NNP I-NP
Center NNP I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
and CC B-PP
at IN B-PP
the DT B-NP
Naval NNP I-NP
Hospital NNP I-NP
in IN B-PP
Oakland NNP B-NP
. . O

In IN B-PP
addition NN B-NP
, , O
20 CD B-NP
military JJ I-NP
police NN I-NP
from IN B-PP
the DT B-NP
Presidio NNP I-NP
, , O
a DT B-NP
military JJ I-NP
base NN I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
are VBP B-VP
assisting VBG I-VP
with IN B-PP
traffic NN B-NP
control NN I-NP
, , O
and CC O
a DT B-NP
Navy NNP I-NP
ship NN I-NP
was VBD B-VP
moved VBN I-VP
from IN B-PP
a DT B-NP
naval JJ I-NP
station NN I-NP
at IN B-PP
Treasure NNP B-NP
Island NNP I-NP
near IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
to TO B-PP
San NNP B-NP
Francisco NNP I-NP
to TO B-VP
help VB I-VP
fight VB I-VP
fires NNS B-NP
. . O

To TO B-VP
help VB I-VP
residents NNS B-NP
in IN B-PP
Northern NNP B-NP
California NNP I-NP
rebuild VB B-VP
, , O
FEMA NNP B-NP
intends VBZ B-VP
to TO I-VP
set VB I-VP
up IN B-PRT
17 CD B-NP
disaster NN I-NP
assistance NN I-NP
offices NNS I-NP
in IN B-PP
the DT B-NP
earthquake NN I-NP
area NN I-NP
in IN B-PP
the DT B-NP
next JJ I-NP
several JJ I-NP
days NNS I-NP
and CC O
to TO B-VP
staff VB I-VP
them PRP B-NP
with IN B-PP
400 CD B-NP
to TO I-NP
500 CD I-NP
workers NNS I-NP
from IN B-PP
various JJ B-NP
agencies NNS I-NP
, , O
said VBD B-VP
Robert NNP B-NP
Volland NNP I-NP
, , O
chief NN B-NP
of IN B-PP
the DT B-NP
agency NN I-NP
's POS B-NP
individual JJ I-NP
assistance NN I-NP
division NN I-NP
. . O

At IN B-PP
these DT B-NP
offices NNS I-NP
, , O
earthquake NN B-NP
victims NNS I-NP
will MD B-VP
be VB I-VP
helped VBN I-VP
in IN B-PP
filling VBG B-VP
out RP B-PRT
a DT B-NP
one-page JJ I-NP
form NN I-NP
that IN B-NP
they PRP B-NP
will MD B-VP
need VB I-VP
to TO B-VP
qualify VB I-VP
for IN B-PP
such JJ B-NP
federal JJ I-NP
assistance NN I-NP
as IN B-PP
home-improvement NN B-NP
loans NNS I-NP
and CC O
to TO B-VP
repair VB I-VP
houses NNS B-NP
. . O

And CC O
federal JJ B-NP
officials NNS I-NP
are VBP B-VP
promising JJ I-VP
to TO I-VP
move VB I-VP
rapidly RB B-ADVP
with IN B-PP
federal JJ B-NP
highway NN I-NP
aid NN I-NP
to TO B-VP
rebuild VB I-VP
the DT B-NP
area NN I-NP
's POS B-NP
severely RB B-ADJP
damaged VBN I-ADJP
road NN B-NP
system NN I-NP
. . O

The DT B-NP
Federal NNP I-NP
Highway NNP I-NP
Administration NNP I-NP
has VBZ B-VP
an DT B-NP
emergency NN I-NP
relief NN I-NP
program NN I-NP
to TO B-VP
help VB I-VP
states NNS B-NP
and CC O
local JJ B-NP
governments NNS I-NP
repair VBP B-VP
federally RB B-NP
funded VBN I-NP
highways NNS I-NP
and CC I-NP
bridges NNS I-NP
seriously RB B-VP
damaged VBN I-VP
by IN B-PP
natural JJ B-NP
disasters NNS I-NP
. . O

The DT B-NP
account NN I-NP
currently RB B-ADVP
has VBZ B-VP
$ $ B-NP
220 CD I-NP
million CD I-NP
. . O

And CC O
though IN B-SBAR
federal JJ B-NP
law NN I-NP
dictates NNS B-VP
that IN B-SBAR
only RB B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
can MD B-VP
be VB I-VP
disbursed VBN I-VP
from IN B-PP
that DT B-NP
fund NN I-NP
in IN B-PP
any DT B-NP
one CD I-NP
state NN I-NP
per IN B-PP
disaster NN B-NP
, , O
administration NN B-NP
officials NNS I-NP
expect VBP B-VP
Congress NNP B-NP
to TO B-VP
move VB I-VP
in IN B-ADVP
to TO B-VP
authorize VB I-VP
spending NN I-VP
more RBR B-NP
now RB B-ADVP
in IN B-PP
California NNP B-NP
. . O

To TO B-VP
get VB I-VP
that DT B-NP
money NN I-NP
, , O
states NNS B-NP
must MD B-VP
go VB I-VP
through IN B-PP
an DT B-NP
elaborate JJ I-NP
approval NN I-NP
process NN I-NP
, , O
but CC O
officials NNS B-NP
expect VBP B-VP
red JJ B-NP
tape NN I-NP
to TO B-VP
be VB I-VP
cut VBN I-VP
this DT B-NP
time NN I-NP
. . O

Keith NNP B-NP
Mulrooney NNP I-NP
, , O
special JJ B-NP
assistant NN I-NP
to TO B-PP
Federal NNP B-NP
Highway NNP I-NP
Administrator NNP I-NP
Thomas NNP I-NP
Larson NNP I-NP
, , O
also RB B-ADVP
said VBD B-VP
that IN B-SBAR
after IN B-PP
the DT B-NP
1971 CD I-NP
San NNP I-NP
Fernando NNP I-NP
earthquake NN I-NP
in IN B-PP
Southern NNP B-NP
California NNP I-NP
, , O
the DT B-NP
state NN I-NP
set VBN B-VP
tougher JJR B-NP
standards NNS I-NP
for IN B-PP
bridges NNS B-NP
, , O
and CC O
with IN B-PP
federal JJ B-NP
aid NN I-NP
, , B-VP
began VBD I-VP
a DT B-NP
program NN I-NP
to TO B-VP
retrofit VB I-VP
highways NNS B-NP
and CC I-NP
bridges NNS I-NP
for IN B-PP
earthquake NN B-NP
hazards NNS I-NP
. . O

The DT B-NP
first JJ I-NP
phase NN I-NP
of IN B-PP
the DT B-NP
program NN I-NP
has VBZ B-VP
been VBN I-VP
completed VBN I-VP
, , O
but CC O
two CD B-NP
other JJ I-NP
phases NNS I-NP
are VBP B-VP
continuing VBG I-VP
. . O

The DT B-NP
two CD I-NP
major JJ I-NP
structures NNS I-NP
that WDT B-NP
failed VBD B-VP
Tuesday NNP B-NP
night NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
were VBD B-VP
both DT O
built VBN B-VP
well RB B-ADVP
before IN B-PP
the DT B-NP
1971 CD I-NP
earthquake NN I-NP
-- : O
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
Bridge NNP I-NP
, , O
completed VBN B-VP
in IN B-PP
the DT B-NP
1930s CD I-NP
, , O
and CC O
the DT B-NP
section NN I-NP
of IN B-PP
I-880 NN B-NP
, , O
built VBN B-VP
in IN B-PP
the DT B-NP
1950s CD I-NP
. . O

The DT B-NP
I-880 NN I-NP
section NN I-NP
had VBD B-VP
completed VBN I-VP
the DT B-NP
first JJ I-NP
phase NN I-NP
of IN B-PP
the DT B-NP
retrofitting NN I-NP
. . O

Laurie NNP B-NP
McGinley NNP I-NP
contributed VBD B-VP
to TO B-PP
this DT B-NP
article NN I-NP
. . O

FARMERS NNS B-NP
REAP VBP B-VP
abundant JJ B-NP
crops NNS I-NP
. . O

But CC O
how WRB B-ADVP
much JJ I-ADVP
will MD O
shoppers NNS B-NP
benefit VB B-VP
? . O

The DT B-NP
harvest NN I-NP
arrives VBZ B-VP
in IN B-PP
plenty NN B-NP
after IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
drought-ravaged JJ I-NP
effort NN I-NP
: : O
The DT B-NP
government NN I-NP
estimates NNS B-VP
corn NN B-NP
output NN I-NP
at IN B-PP
7.45 CD B-NP
billion CD I-NP
bushels NNS I-NP
, , O
up IN B-ADVP
51 CD B-NP
% NN I-NP
from IN B-PP
last JJ B-NP
fall NN I-NP
. . O

Soybean NN B-NP
production NN I-NP
swells NNS B-VP
24 CD B-NP
% NN I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
prices NNS B-NP
paid VBN B-VP
to TO B-PP
farmers NNS B-NP
for IN B-PP
the DT B-NP
commodities NNS I-NP
, , O
which WDT B-NP
are VBP B-VP
used VBN I-VP
in IN B-PP
products NNS B-NP
as RB B-ADJP
diverse JJ I-ADJP
as IN B-PP
bubble NN B-NP
gum NN I-NP
and CC O
chicken NN B-NP
feed NN I-NP
, , O
plummet VB B-VP
20 CD B-NP
% NN I-NP
to TO O
33 CD B-NP
% NN I-NP
. . O

But CC O
do VBP B-VP
n't RB I-VP
expect VB I-VP
too RB B-NP
much JJ I-NP
in IN B-PP
the DT B-NP
way NN I-NP
of IN B-PP
price NN B-NP
breaks NNS I-NP
soon RB B-ADVP
at IN B-PP
the DT B-NP
supermarket NN I-NP
. . O

Economists NNS B-NP
expect VBP B-VP
consumer NN B-NP
food NN I-NP
prices NNS I-NP
to TO B-VP
jump VB I-VP
5.5 CD B-NP
% NN I-NP
this DT B-NP
year NN I-NP
to TO B-PP
the DT B-NP
highest JJS I-NP
level NN I-NP
since IN B-PP
1980 CD B-NP
and CC O
up IN B-ADVP
from IN B-PP
last JJ B-NP
year NN I-NP
's POS B-NP
4.1 CD B-ADJP
% NN I-ADJP
rise NN B-NP
. . O

Next JJ B-NP
year NN I-NP
may MD B-VP
see VB I-VP
a DT B-NP
drop NN I-NP
of IN B-PP
one CD B-NP
percentage NN I-NP
point NN I-NP
. . O

Beef NN B-NP
prices NNS I-NP
, , O
hovering VBG B-VP
near IN B-PP
records NNS B-NP
since IN B-PP
the DT B-NP
drought NN I-NP
, , O
could MD B-VP
drop VB I-VP
in IN B-PP
earnest NN B-ADJP
this DT B-NP
winter NN I-NP
if IN B-SBAR
ranchers NNS B-NP
expand VBP B-VP
herds NNS B-NP
. . O

Lower JJR B-NP
feed NN I-NP
prices NNS I-NP
may MD B-VP
help VB I-VP
animals NNS B-NP
eat VB B-VP
more RBR B-ADVP
cheaply RB I-ADVP
, , O
but CC O
humans NNS B-NP
have VBP B-VP
to TO I-VP
factor VB I-VP
in IN B-PRT
an DT B-NP
expensive JJ I-NP
middleman NN I-NP
: : O
the DT B-NP
processor NN I-NP
. . O

Food NN B-NP
companies NNS I-NP
probably RB B-ADVP
wo MD B-VP
n't RB I-VP
cut VB I-VP
their PRP$ B-NP
prices NNS I-NP
much JJ B-NP
, , O
blaming VBG B-VP
other JJ B-NP
costs NNS I-NP
. . O

`` `` O
Labor NNP B-NP
takes VBZ B-VP
the DT B-NP
biggest JJS I-NP
single JJ I-NP
chunk NN I-NP
out IN B-PP
of IN B-PP
the DT B-NP
` `` I-NP
food NN I-NP
dollar NN I-NP
, , O
' '' O
'' '' O
says VBZ B-VP
Frank NNP B-NP
Pankyo NNP I-NP
of IN B-PP
the DT B-NP
Food NNP I-NP
Institute NNP I-NP
. . O

Stokely NNP B-NP
says VBZ B-VP
stores NNS B-NP
revive VBP B-VP
specials NNS B-NP
like IN B-PP
three CD B-NP
cans NNS I-NP
of IN B-PP
peas NNS B-NP
for IN B-PP
99 CD B-NP
cents NNS I-NP
. . O

Two CD B-NP
cans NNS I-NP
cost VBP B-VP
89 CD B-NP
cents NNS I-NP
during IN B-PP
the DT B-NP
drought NN I-NP
. . O

IF IN B-SBAR
IN IN B-NP
VITRO NNP I-NP
fertilization NN I-NP
works NNS B-VP
, , O
it PRP B-NP
usually RB B-ADVP
does VBZ B-VP
so RB B-ADVP
after IN B-PP
only RB B-NP
a DT I-NP
few JJ I-NP
tries NNS I-NP
. . O

Costly JJ B-NP
infertility NN I-NP
problems NNS I-NP
and CC I-NP
procedures NNS I-NP
proliferate VBP B-VP
as IN B-SBAR
aging VBG B-NP
baby NN I-NP
boomers NNS I-NP
and CC O
others NNS B-NP
decide VBP B-VP
to TO I-VP
have VB I-VP
children NNS B-NP
-- : O
now RB B-ADVP
. . O

It PRP B-NP
's VBZ B-VP
estimated VBN I-VP
that IN B-SBAR
one CD B-NP
in IN I-NP
six CD I-NP
couples NNS I-NP
experiences NNS B-VP
infertility NN B-NP
, , O
and CC O
in IN B-PP
1987 CD B-NP
, , O
Americans NNPS B-NP
spent VBD B-VP
about RB B-NP
$ $ I-NP
1 CD I-NP
billion CD I-NP
to TO B-VP
fight VB I-VP
the DT B-NP
problem NN I-NP
. . O

Only RB B-NP
about IN I-NP
five CD I-NP
states NNS I-NP
now JJ B-ADVP
offer NN B-VP
some DT B-NP
form NN I-NP
of IN B-PP
insurance NN B-NP
coverage NN I-NP
, , O
but CC O
more RBR B-NP
are VBP B-VP
expected VBN I-VP
. . O

A DT B-NP
letter NN I-NP
in IN B-PP
the DT B-NP
New NNP I-NP
England NNP I-NP
Journal NNP I-NP
of IN B-PP
Medicine NNP B-NP
notes NNS B-VP
that IN B-SBAR
while IN B-SBAR
technology NN B-NP
offers VBZ B-VP
`` `` O
almost RB B-NP
endless JJ I-NP
hope NN I-NP
... : O
when WRB B-ADVP
to TO B-VP
stop VB I-VP
has VBZ B-VP
become VBN I-VP
a DT B-NP
difficult JJ I-NP
question NN I-NP
... : O
. . O
'' '' O

The DT B-NP
authors NNS I-NP
, , O
from IN B-PP
Boston NNP B-NP
's POS B-NP
Beth NNP I-NP
Israel NNP I-NP
Hospital NNP I-NP
, , O
say VBP B-VP
that IN B-SBAR
84 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
50 CD I-NP
births NNS I-NP
they PRP B-NP
followed VBD B-VP
occurred VBN B-VP
after IN B-PP
only RB B-NP
two CD I-NP
in IN I-NP
vitro FW I-NP
cycles NNS I-NP
. . O

It PRP B-NP
adds VBZ B-VP
that IN B-SBAR
births NNS B-NP
were VBD B-VP
`` `` O
extremely RB B-ADJP
unlikely JJ I-ADJP
'' '' O
after IN B-PP
the DT B-NP
fourth JJ I-NP
cycle NN I-NP
and CC O
concludes VBZ B-VP
couples NNS B-NP
who WP B-NP
do VBP B-VP
n't RB I-VP
achieve VB I-VP
a DT B-NP
pregnancy NN I-NP
after IN B-PP
four CD B-NP
to TO I-NP
six CD I-NP
procedures NNS I-NP
should MD B-VP
be VB I-VP
advised VBN I-VP
that DT O
success NN B-NP
is VBZ B-VP
unlikely JJ B-ADJP
. . O

Some DT B-NP
couples NNS I-NP
continue VBP B-VP
to TO I-VP
try VB I-VP
. . O

`` `` O
Such JJ B-NP
determination NN I-NP
may MD B-VP
translate VB I-VP
into IN B-PP
extreme JJ B-NP
physical NN I-NP
, , I-NP
emotional JJ I-NP
and CC I-NP
financial JJ I-NP
costs NNS I-NP
, , O
'' '' O
the DT B-NP
letter NN I-NP
warns VBZ B-VP
. . O

MARKET NNP B-NP
MOVES VBZ B-VP
, , O
these DT B-NP
managers NNS I-NP
do VBP B-VP
n't RB O
. . O

Only RB B-NP
three CD I-NP
of IN B-PP
the DT B-NP
25 CD I-NP
corporate JJ I-NP
pension NN I-NP
fund NN I-NP
managers NNS I-NP
attending VBG B-VP
a DT B-NP
Lowry NNP I-NP
Consulting NNP I-NP
Group NNP I-NP
client NN I-NP
conference NN I-NP
say VBP B-VP
they PRP B-NP
plan VBP B-VP
to TO I-VP
change VB I-VP
the DT B-NP
asset NN I-NP
allocation NN I-NP
mix NN I-NP
in IN B-PP
their PRP$ B-NP
portfolios NNS I-NP
because IN B-PP
of IN I-PP
the DT B-NP
market NN I-NP
drop NN I-NP
. . O

WORLD NN B-NP
ODDITIES NNS I-NP
come VBP B-VP
alive JJ B-ADJP
in IN B-PP
a DT B-NP
multimedia NNS I-NP
version NN I-NP
of IN B-PP
the DT B-NP
Guinness NNP I-NP
Book NNP I-NP
of IN B-PP
Records NNPS B-NP
. . O

The DT B-NP
$ $ I-NP
99 CD I-NP
CD-ROM NNP I-NP
disk NN I-NP
-LRB- ( O
it PRP B-NP
can MD B-VP
only RB I-VP
be VB I-VP
played VBN I-VP
on IN B-PP
an DT B-NP
Apple NNP I-NP
Macintosh NNP I-NP
computer NN I-NP
at IN B-PP
the DT B-NP
moment NN I-NP
-RRB- ) O
combines VBZ B-VP
animation NN B-NP
, , I-NP
music NN I-NP
and CC I-NP
sound NN I-NP
. . O

Among IN B-PP
the DT B-NP
Guinness NNP I-NP
disk NN I-NP
's POS B-NP
wonders NNS I-NP
: : O
the DT B-NP
world NN I-NP
's POS B-NP
loudest RBS I-NP
recorded VBN I-NP
belch NN I-NP
. . O

ARTY NNP B-NP
FAX NNP I-NP
from IN B-PP
David NNP B-NP
Hockney NNP I-NP
begins VBZ B-VP
a DT B-NP
tongue-in-cheek JJ I-NP
exhibit NN I-NP
today NN B-NP
at IN B-PP
New NNP B-NP
York NNP I-NP
's POS B-NP
Andre NNP I-NP
Emmerich NNP I-NP
Gallery NNP I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
artist NN I-NP
's POS B-NP
earliest JJS I-NP
Fax NNP I-NP
works NNS I-NP
was VBD B-VP
`` `` O
Little NNP B-NP
Stanley NNP I-NP
Sleeping NNP B-VP
, , O
'' '' O
a DT B-NP
portrait NN I-NP
of IN B-PP
his PRP$ B-NP
dog NN I-NP
. . O

PACS NNS B-NP
GIVE VBP B-VP
and CC I-VP
receive VB I-VP
in IN B-PP
a DT B-NP
debatable JJ I-NP
duet NN I-NP
with IN B-PP
employees NNS B-NP
' POS B-NP
favored VBN I-NP
charities NNS I-NP
. . O

The DT B-NP
Federal NNP I-NP
Election NNP I-NP
Commission NNP I-NP
clears VBZ B-VP
corporate JJ B-NP
plans NNS I-NP
to TO B-VP
donate VB I-VP
to TO B-PP
an DT B-NP
employee NN I-NP
's POS B-NP
chosen VBN I-NP
charity NN I-NP
in IN B-PP
exchange NN B-NP
for IN B-PP
the DT B-NP
worker NN I-NP
's POS B-NP
gift NN I-NP
to TO B-PP
the DT B-NP
company NN I-NP
political JJ I-NP
action NN I-NP
committee NN I-NP
. . O

Latest JJS B-NP
approvals NNS I-NP
: : O
Bell NNP B-NP
Atlantic NNP I-NP
's POS B-NP
New NNP I-NP
Jersey NNP I-NP
Bell NNP I-NP
and CC O
General NNP B-NP
Dynamics NNP I-NP
. . O

Companies NNS B-NP
get VBP B-VP
more RBR B-NP
political JJ I-NP
clout NN I-NP
plus CC B-NP
a DT B-NP
possible JJ I-NP
tax-deductible JJ I-NP
charitable JJ I-NP
donation NN I-NP
-- : O
so RB B-ADVP
far RB I-ADVP
no DT B-NP
word NN I-NP
from IN B-PP
the DT B-NP
IRS NNP I-NP
on IN B-PP
deductibility NN B-NP
. . O

Detroit NNP B-NP
Edison NNP I-NP
, , O
the DT B-NP
plan NN I-NP
pioneer NN I-NP
, , O
generated VBD B-VP
$ $ B-NP
54,000 CD I-NP
in IN B-PP
matching VBG B-NP
funds VBZ I-NP
this DT B-NP
year NN I-NP
, , O
up IN B-ADVP
from IN B-PP
$ $ B-NP
39,000 CD I-NP
in IN B-PP
1988 CD B-NP
. . O

But CC O
the DT B-NP
utility NN I-NP
may MD B-VP
not RB I-VP
continue VB I-VP
next JJ B-NP
year NN I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
on IN B-PP
a DT B-NP
tight JJ I-NP
budget NN I-NP
, , O
'' '' O
says VBZ B-VP
Detroit NNP B-NP
Edison NNP I-NP
's POS B-NP
Carol NNP I-NP
Roskind NNP I-NP
. . O

Two CD B-NP
election NN I-NP
commission NN I-NP
members NNS I-NP
opposed VBD B-VP
the DT B-NP
matching VBG I-NP
plans NNS I-NP
. . O

Scott NNP B-NP
E. NNP I-NP
Thomas NNP I-NP
says VBZ B-VP
the DT B-NP
plans NNS I-NP
give VBP B-VP
employees NNS B-NP
`` `` O
a DT B-NP
bonus NN I-NP
in IN B-PP
the DT B-NP
form NN I-NP
of IN B-PP
charitable JJ B-NP
donations NNS I-NP
made VBN B-VP
from IN B-PP
an DT B-NP
employer NN I-NP
's POS B-NP
treasury NN I-NP
'' '' O
in IN B-PP
exchange NN B-NP
for IN B-PP
the DT B-NP
political JJ I-NP
donation NN I-NP
. . O

`` `` O
The DT B-NP
U.S. NNP I-NP
government NN I-NP
could MD B-VP
be VB I-VP
, , O
in IN B-PP
effect NN B-NP
, , O
subsidizing VBG B-VP
political JJ B-NP
contributions NNS I-NP
to TO B-PP
corporate JJ B-NP
PACs NNPS I-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

New NNP B-NP
Jersey NNP I-NP
Bell NNP I-NP
awaits VBZ B-VP
state NN B-NP
clearance NN I-NP
. . O

Despite IN B-PP
federal JJ B-NP
approval NN I-NP
, , O
General NNP B-NP
Dynamics NNP I-NP
says VBZ B-VP
it PRP B-NP
decided VBD B-VP
it PRP B-NP
wo MD B-VP
n't RB I-VP
go VB I-VP
ahead RB B-ADVP
with IN B-PP
the DT B-NP
matching VBG I-NP
program NN I-NP
. . O

CHRISTMAS NNP B-NP
SHOPPERS NNS I-NP
find VBP B-VP
a DT B-NP
helping VBG I-NP
hand NN I-NP
from IN B-PP
some DT B-NP
catalog NN I-NP
companies NNS I-NP
. . O

Blunt NNP B-NP
Ellis NNP I-NP
& CC I-NP
Loewi NNP I-NP
estimates NNS B-VP
direct JJ B-NP
mail NN I-NP
catalog NN I-NP
sales NNS I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
12 CD I-NP
billion CD I-NP
last JJ B-NP
year NN I-NP
. . O

And CC O
while IN B-SBAR
it PRP B-NP
's VBZ B-VP
too RB B-ADVP
soon RB I-ADVP
to TO B-VP
tell VB I-VP
how WRB B-ADVP
sales NNS B-NP
will MD B-VP
fare VB I-VP
in IN B-PP
the DT B-NP
important JJ I-NP
1989 CD I-NP
Christmas NNP I-NP
season NN I-NP
, , O
some DT B-NP
companies NNS I-NP
take VBP B-VP
steps NNS B-NP
to TO B-VP
ease VB I-VP
the DT B-NP
usual JJ I-NP
11th-hour JJ I-NP
crush NN I-NP
. . O

Spiegel NNP B-NP
promises VBZ B-VP
a DT B-NP
`` `` I-NP
Guaranteed VBN I-NP
Christmas NNP I-NP
, , O
'' '' O
with IN B-PP
a DT B-NP
pledge NN I-NP
to TO B-VP
deliver VB I-VP
goods NNS B-NP
before IN B-PP
Christmas NNP B-NP
if IN B-SBAR
ordered VBN B-VP
by IN B-PP
Dec. NNP B-NP
20 CD I-NP
. . O

And CC O
, , O
for IN B-PP
an DT B-NP
extra JJ I-NP
$ $ I-NP
6 CD I-NP
, , O
Land NNP B-NP
's POS B-NP
End NN I-NP
will MD B-VP
deliver VB I-VP
orders NNS B-NP
within IN B-PP
two CD B-NP
days NNS I-NP
; : O
customers NNS B-NP
can MD B-VP
designate VB I-VP
the DT B-NP
day NN I-NP
. . O

Spiegel NNP B-NP
, , O
which WDT B-NP
also RB B-ADVP
owns VBZ B-VP
Eddie NNP B-NP
Bauer NNP I-NP
and CC O
Honeybee NNP B-NP
, , O
says VBZ B-VP
that IN B-SBAR
since IN B-PP
1987 CD B-NP
, , O
sales NNS B-NP
have NN B-VP
doubled VBN I-VP
during IN B-PP
the DT B-NP
week NN I-NP
before IN B-PP
Christmas NNP B-NP
. . O

An DT B-NP
L.L. NNP I-NP
Bean NNP I-NP
spokeswoman NN I-NP
notes NNS B-VP
: : O
`` `` O
People NNS B-NP
are VBP B-VP
just RB B-ADVP
used VBN B-ADJP
to TO B-PP
living VBG B-VP
in IN B-PP
a DT B-NP
last-minute JJ I-NP
society NN I-NP
. . O
'' '' O

Blunt NNP B-NP
Ellis NNP I-NP
, , O
a DT B-NP
Milwaukee NNP I-NP
brokerage NN I-NP
firm NN I-NP
, , O
says VBZ B-VP
part NN B-NP
of IN B-PP
the DT B-NP
reason NN I-NP
catalog NN B-NP
sales NNS I-NP
grow VBP B-VP
in IN B-PP
popularity NN B-NP
is VBZ B-VP
because IN B-SBAR
consumers NNS B-NP
have VBP B-VP
more JJR B-NP
money NN I-NP
but CC O
less JJR B-NP
time NN I-NP
to TO B-VP
spend VB I-VP
it PRP B-NP
. . O

L.L. NNP B-NP
Bean NNP I-NP
hires VBZ B-VP
about IN B-NP
2,700 CD I-NP
workers NNS I-NP
for IN B-PP
the DT B-NP
season NN I-NP
rush NN I-NP
, , O
about IN B-NP
300 CD I-NP
more JJR B-ADJP
than IN B-PP
last JJ B-NP
year NN I-NP
; : O
Land NNP B-NP
's POS B-NP
End NN I-NP
hires VBZ B-VP
2,000 CD B-NP
. . O

BRIEFS NNS B-NP
: : O

Guarana NNP B-NP
Antarctica NNP I-NP
, , O
a DT B-NP
Brazilian JJ I-NP
soft JJ I-NP
drink NN I-NP
, , O
is VBZ B-VP
brought VBN I-VP
to TO B-PP
the DT B-NP
U.S. NNP I-NP
by IN B-PP
Amcap NNP B-NP
, , O
Chevy NNP B-NP
Chase NNP I-NP
, , O
Md NNP B-NP
. . O

New NNP B-NP
Product NNP I-NP
News NNP I-NP
says VBZ B-VP
the DT B-NP
beverage NN I-NP
`` `` O
looks VBZ B-VP
like IN B-PP
ginger NN B-NP
ale NN I-NP
, , O
tastes VBZ B-VP
a DT B-NP
little JJ I-NP
like IN B-PP
cherries NNS B-NP
and CC O
smells VBZ B-VP
like IN B-PP
bubble NN B-NP
gum NN I-NP
. . O
'' '' O
... : O

`` `` O
Amenities NNS B-NP
'' '' O
planned VBN B-VP
for IN B-PP
Chicago NNP B-NP
's POS B-NP
new JJ I-NP
Parkshore NNP I-NP
Tower NNP I-NP
apartments NNS I-NP
include VBP B-VP
an DT B-NP
on-site JJ I-NP
investment NN I-NP
counselor NN I-NP
. . O

Four CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
Pittsburgh NNP B-NP
was VBD B-VP
designated VBN I-VP
the DT B-NP
most-livable JJS I-NP
U.S. NNP I-NP
city NN I-NP
by IN B-PP
Rand NNP B-NP
McNally NNP I-NP
's POS B-NP
Places NNS I-NP
Rated VBN I-NP
Almanac NNP I-NP
, , O
and CC O
the DT B-NP
honor NN I-NP
did VBD B-VP
wonders NNS B-NP
to TO B-VP
improve VB I-VP
Pittsburgh NNP B-NP
's POS B-NP
soot-stained JJ I-NP
image NN I-NP
. . O

`` `` O
People NNS B-NP
asked VBD B-VP
, , O
is VBZ O
it PRP B-NP
really RB B-ADVP
true JJ B-ADJP
? . O
'' '' O
says VBZ B-VP
Maury NNP B-NP
Kelley NNP I-NP
, , O
vice NN B-NP
president NN I-NP
, , O
marketing NN B-NP
services NNS I-NP
, , O
for IN B-PP
Beecham NNP B-NP
Products NNP I-NP
USA NNP I-NP
, , O
a DT B-NP
maker NN I-NP
of IN B-PP
health NN B-NP
and CC I-NP
personal-care JJ I-NP
products NNS I-NP
that WDT B-NP
used VBD B-VP
the DT B-NP
ranking NN I-NP
in IN B-PP
its PRP$ B-NP
recruiting NN I-NP
brochure NN I-NP
. . O

Yuba NNP B-NP
City NNP I-NP
, , O
Calif. NNP B-NP
, , O
meanwhile RB B-ADVP
, , O
ranked VBD B-VP
dead JJ B-ADJP
last NN I-ADJP
among IN B-PP
329 CD B-NP
metro NN I-NP
areas NNS I-NP
. . O

Unamused JJ B-ADJP
, , O
residents NNS B-NP
burned VBD B-VP
Rand NNP B-NP
McNally NNP I-NP
books NNS I-NP
and CC O
wore VBD B-VP
T-shirts NNS B-NP
that WDT B-NP
said VBD B-VP
: : O
`` `` O
Kiss VB B-VP
my PRP$ B-NP
Atlas NNP I-NP
. . O
'' '' O

The DT B-NP
almanac NN I-NP
will MD B-VP
be VB I-VP
making VBG I-VP
new JJ B-NP
friends NNS I-NP
and CC I-NP
enemies NNS I-NP
on IN B-PP
Oct. NNP B-NP
27 CD I-NP
, , O
when WRB B-ADVP
an DT B-NP
updated VBN I-NP
version NN I-NP
will MD B-VP
be VB I-VP
released VBN I-VP
. . O

Pittsburgh NNP B-NP
figures NNS B-VP
it PRP B-NP
will MD B-VP
be VB I-VP
dethroned VBN I-VP
but CC O
plans NNS B-VP
to TO I-VP
accept VB I-VP
its PRP$ B-NP
ouster NN I-NP
graciously RB B-ADVP
. . O

The DT B-NP
city NN I-NP
's POS B-NP
Office NNP I-NP
of IN B-PP
Promotion NNP B-NP
plans VBZ B-VP
media NNS B-NP
events NNS I-NP
to TO B-VP
welcome VB I-VP
its PRP$ B-NP
successor NN I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
encouraging VBG I-VP
a DT B-NP
graceful JJ I-NP
transition NN I-NP
, , O
'' '' O
says VBZ B-VP
Mary NNP B-NP
Kay NNP I-NP
Poppenberg NNP I-NP
, , O
the DT B-NP
organization NN I-NP
's POS B-NP
president NN I-NP
. . O

`` `` O
Our PRP$ B-NP
attitude NN I-NP
is VBZ B-VP
that IN O
-LRB- ( O
the DT B-NP
ranking JJ I-NP
-RRB- ) O
is VBZ B-VP
like IN B-PP
Miss NNP B-NP
America NNP I-NP
. . O

Once RB O
you PRP B-NP
're VBP B-VP
Miss NNP B-NP
America NNP I-NP
, , O
you PRP B-NP
're VBP B-VP
always RB B-ADVP
Miss NNP B-NP
America NNP I-NP
. . O
'' '' O

Tell VB B-VP
that IN B-NP
to TO B-PP
Atlanta NNP B-NP
, , O
which WDT B-NP
Pittsburgh NNP B-NP
replaced VBD B-VP
as IN B-PP
the DT B-NP
most-livable JJS I-NP
city NN I-NP
in IN B-PP
1985 CD B-NP
. . O

Many JJ B-NP
Atlantans NNPS I-NP
thought VBD B-VP
Pittsburgh NNP B-NP
was VBD B-VP
an DT B-NP
unworthy JJ I-NP
heir NN I-NP
. . O

A DT B-NP
columnist NN I-NP
in IN B-PP
the DT B-NP
Atlanta NNP I-NP
Journal NNP I-NP
and CC I-NP
Constitution NNP I-NP
wrote VBD B-VP
: : O
`` `` O
Who WP B-NP
did VBD B-VP
the DT B-NP
research NN I-NP
for IN B-PP
this DT B-NP
report NN I-NP
? . O

Two CD B-NP
guys NNS I-NP
from IN B-PP
Gary NNP B-NP
, , O
Ind. NNP B-NP
? . O
'' '' O

Not RB O
so RB B-ADJP
. . O

Co-authors NNS B-NP
David NNP I-NP
Savageau NNP I-NP
and CC I-NP
Richard NNP I-NP
Boyer NNP I-NP
, , O
live VB B-VP
in IN B-PP
Gloucester NNP B-NP
, , O
Mass. NNP B-NP
, , O
and CC O
Asheville NNP B-NP
, , O
N.C. NNP B-NP
, , O
respectively RB B-ADVP
. . O

`` `` O
Atlanta NNP B-NP
, , O
'' '' O
Mr. NNP B-NP
Savageau NNP I-NP
sniffs VBZ B-VP
, , O
`` `` O
has VBZ B-VP
unrealistic JJ B-NP
pretensions NNS I-NP
to TO B-PP
world-class JJ B-NP
status NN I-NP
. . O
'' '' O

The DT B-NP
new JJ I-NP
edition NN I-NP
lists VBZ B-VP
the DT B-NP
top JJ I-NP
10 CD I-NP
metropolitan JJ I-NP
areas NNS I-NP
as IN B-PP
Anaheim-Santa NNP B-NP
Ana NNP I-NP
, , O
Calif. NNP B-NP
; : O
Boston NNP B-NP
; : O
Louisville NNP B-NP
, , O
Ky. NNP B-NP
; : O
Nassau-Suffolk NNP B-NP
, , O
N.Y. NNP B-NP
; : O
New NNP B-NP
York NNP I-NP
; : O
Pittsburgh NNP B-NP
; : O
San NNP B-NP
Diego NNP I-NP
; : O
San NNP B-NP
Francisco NNP I-NP
; : O
Seattle NNP B-NP
; : O
and CC O
Washington NNP B-NP
. . O

Mr. NNP B-NP
Savageau NNP I-NP
says VBZ B-VP
earthquake NN B-NP
or CC O
not RB O
, , O
San NNP B-NP
Francisco NNP I-NP
makes VBZ B-VP
the DT B-NP
list NN I-NP
. . O

But CC O
attention NN B-NP
also RB B-ADVP
rivets VBZ B-VP
on IN B-PP
who WP B-NP
finishes VBZ B-VP
last JJ B-ADVP
, , O
and CC O
Pine NNP B-NP
Bluff NNP I-NP
, , O
Ark. NNP B-NP
-- : O
which WDT B-NP
finished VBD B-VP
third JJ B-ADVP
to TO I-ADVP
last VB I-ADVP
in IN B-PP
1981 CD B-NP
and CC O
second JJ B-ADVP
to TO I-ADVP
last VB I-ADVP
in IN B-PP
1985 CD B-NP
-- : O
is VBZ B-VP
certainly RB B-ADVP
in IN B-PP
the DT B-NP
running NN I-NP
. . O

`` `` O
I PRP B-NP
hate VBP B-VP
to TO I-VP
dignify VB I-VP
the DT B-NP
publication NN I-NP
by IN B-PP
commenting VBG B-VP
on IN B-PP
the DT B-NP
obscene JJ I-NP
rating NN I-NP
, , O
'' '' O
Mayor NNP B-NP
Carolyn NNP I-NP
Robinson NNP I-NP
says VBZ B-VP
, , O
adding VBG B-VP
that IN B-SBAR
cities NNS B-NP
have VBP B-VP
no DT B-NP
way NN I-NP
to TO B-VP
rebut VB I-VP
the DT B-NP
book NN I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
like IN B-PP
fighting VBG B-VP
your PRP$ B-NP
way NN I-NP
out IN B-ADVP
of IN B-PP
a DT B-NP
fog NN I-NP
. . O

You PRP B-NP
do VBP B-VP
n't RB I-VP
know VB I-VP
which WDT B-ADVP
way NN O
to TO B-VP
punch VB I-VP
. . O

Northrop NNP B-NP
Corp. NNP I-NP
's POS B-NP
third-quarter JJ I-NP
net JJ I-NP
income NN I-NP
fell VBD B-VP
25 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
21.5 CD I-NP
million CD I-NP
, , O
or CC O
46 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
while IN B-SBAR
General NNP B-NP
Dynamics NNP I-NP
Corp. NNP I-NP
reported VBD B-VP
nearly RB B-NP
flat JJ I-NP
earnings NNS I-NP
of IN B-PP
$ $ B-NP
76.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.83 CD I-NP
a DT B-NP
share NN I-NP
. . O

Los NNP B-NP
Angeles-based JJ I-NP
Northrop NNP I-NP
recorded VBD B-VP
an DT B-NP
8.2 CD I-NP
% NN I-NP
decline NN I-NP
in IN B-PP
sales NNS B-NP
as IN B-SBAR
B-2 NNP B-NP
Stealth NNP I-NP
bomber NN I-NP
research-and-development NN I-NP
revenue NN I-NP
continued VBD B-VP
to TO I-VP
ebb VB I-VP
and CC O
high JJ B-NP
costs NNS I-NP
on IN B-PP
some DT B-NP
other JJ I-NP
programs NNS I-NP
cut VBP B-VP
into IN B-PP
profit NN B-NP
. . O

The DT B-NP
aerospace NN I-NP
concern NN I-NP
earned VBD B-VP
$ $ B-NP
28.8 CD I-NP
million CD I-NP
, , O
or CC O
61 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
period NN I-NP
were VBD B-VP
$ $ B-NP
1.25 CD I-NP
billion CD I-NP
, , O
down RB B-ADVP
from IN B-PP
$ $ B-NP
1.36 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
1988 CD I-NP
quarter NN I-NP
. . O

At IN B-PP
St. NNP B-NP
Louis-based JJ I-NP
General NNP I-NP
Dynamics NNP I-NP
, , O
sales NNS B-NP
rose VBD B-VP
10 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.52 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.29 CD I-NP
billion CD I-NP
. . O

It PRP B-NP
earned VBD B-VP
$ $ B-NP
76.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.82 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
1988 CD I-NP
quarter NN I-NP
. . O

General NNP B-NP
Dynamics NNP I-NP
credited VBD B-VP
significant JJ B-NP
earnings NNS I-NP
gains NNS I-NP
in IN B-PP
its PRP$ B-NP
general JJ I-NP
aviation NN I-NP
and CC I-NP
material NN I-NP
service NN I-NP
segments NNS I-NP
, , O
an DT B-NP
earnings NNS I-NP
recovery NN I-NP
in IN B-PP
submarine NN B-NP
operations NNS I-NP
, , O
and CC O
higher JJR B-NP
military JJ I-NP
aircraft NN I-NP
sales NNS I-NP
. . O

Northrop NNP B-NP
said VBD B-VP
sales NNS B-NP
fell VBD B-VP
because IN B-PP
of IN I-PP
the DT B-NP
decline NN I-NP
in IN B-PP
B-2 NNP B-NP
development NN I-NP
dollars NNS I-NP
from IN B-PP
the DT B-NP
government NN I-NP
as IN B-SBAR
the DT B-NP
plane NN I-NP
continues VBZ B-VP
its PRP$ B-NP
initial JJ I-NP
production NN I-NP
stage NN I-NP
and CC O
because IN B-SBAR
fewer JJR B-NP
F\/A-18 NNP I-NP
fighter NN I-NP
sections NNS I-NP
are VBP B-VP
being VBG I-VP
produced VBN I-VP
in IN B-PP
its PRP$ B-NP
subcontract NN I-NP
work NN I-NP
with IN B-PP
prime JJ B-NP
contractor NN I-NP
McDonnell NNP I-NP
Douglas NNP I-NP
Corp NNP I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
Northrop NNP B-NP
shares NNS I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
21.125 CD I-NP
, , O
off IN B-ADVP
25 CD B-NP
cents NNS I-NP
. . O

General NNP B-NP
Dynamics NNP I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
54.875 CD I-NP
, , O
up IN B-ADVP
50 CD B-NP
cents NNS I-NP
. . O

Northrop NNP B-NP
, , O
which WDT B-NP
since IN B-PP
early JJ B-NP
1988 CD I-NP
has VBZ B-VP
declined VBN I-VP
to TO I-VP
accept VB I-VP
fixed-price JJ B-NP
contracts NNS I-NP
for IN B-PP
research NN B-NP
and CC I-NP
development NN I-NP
, , O
said VBD B-VP
earnings NNS B-NP
were VBD B-VP
hurt VBN I-VP
by IN B-PP
excessive JJ B-NP
costs NNS I-NP
on IN B-PP
a DT B-NP
number NN I-NP
of IN B-PP
such JJ B-NP
contracts NNS I-NP
won VBD B-VP
years NNS B-NP
ago RB B-ADVP
. . O

Among IN B-PP
them PRP B-NP
were VBD B-VP
the DT B-NP
ALQ-135 NN I-NP
electronic JJ I-NP
countermeasures NNS I-NP
system NN I-NP
for IN B-PP
the DT B-NP
F-15 NNP I-NP
fighter NN I-NP
. . O

Northrop NNP B-NP
's POS B-NP
interest NN I-NP
expense NN I-NP
also RB B-ADVP
soared VBD B-VP
to TO B-PP
$ $ B-NP
35 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
17 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

It PRP B-NP
said VBD B-VP
debt NN B-NP
remained VBD B-VP
at IN B-PP
the DT B-NP
$ $ I-NP
1.22 CD I-NP
billion CD I-NP
that WDT B-NP
has VBZ B-VP
prevailed VBN I-VP
since IN B-PP
early JJ B-NP
1989 CD I-NP
, , O
although IN B-SBAR
that DT B-NP
compared VBD B-VP
with IN B-PP
$ $ B-NP
911 CD I-NP
million CD I-NP
at IN B-PP
Sept. NNP B-NP
30 CD I-NP
, , O
1988 CD B-NP
. . O

The DT B-NP
backlog NN I-NP
of IN B-PP
undelivered JJ B-NP
orders NNS I-NP
at IN B-PP
Northrop NNP B-NP
on IN B-PP
Sept. NNP B-NP
30 CD I-NP
was VBD B-VP
$ $ B-NP
4.68 CD I-NP
billion CD I-NP
, , O
down RB B-ADVP
from IN B-PP
$ $ B-NP
5.16 CD I-NP
billion CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Northrop NNP B-NP
reported VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
46.9 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1 CD I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
profit NN B-NP
of IN B-PP
$ $ B-NP
190.3 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.05 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
1988 CD B-NP
. . O

Sales NNS B-NP
dipped VBD B-VP
3.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
3.92 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
4.07 CD I-NP
billion CD I-NP
. . O

At IN B-PP
General NNP B-NP
Dynamics NNP I-NP
, , O
factors NNS B-NP
reducing VBG B-VP
earnings NNS B-NP
in IN B-PP
the DT B-NP
military JJ I-NP
aircraft NN I-NP
segment NN I-NP
included VBD B-VP
higher JJR B-NP
levels NNS I-NP
of IN B-PP
cost-sharing NN B-NP
in IN B-PP
development NN B-NP
of IN B-PP
the DT B-NP
Advanced NNP I-NP
Tactical NNP I-NP
Fighter NNP I-NP
, , O
and CC O
the DT B-NP
high JJ I-NP
cost NN I-NP
of IN B-PP
an DT B-NP
advanced VBN I-NP
version NN I-NP
of IN B-PP
the DT B-NP
F-16 NNP I-NP
fighter NN I-NP
. . O

F-16 NN B-NP
deliveries NNS I-NP
also RB B-ADVP
have VBP B-VP
fallen VBN I-VP
`` `` O
slightly RB B-ADVP
behind IN B-PP
schedule NN B-NP
, , O
'' '' O
although IN B-SBAR
a DT B-NP
return NN I-NP
to TO B-PP
the DT B-NP
previous JJ I-NP
schedule NN I-NP
is VBZ B-VP
expected VBN I-VP
in IN B-PP
1990 CD B-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
. . O

Backlog NN B-NP
at IN B-PP
General NNP B-NP
Dynamics NNP I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
16.5 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
15.8 CD I-NP
billion CD I-NP
. . O

Its PRP$ B-NP
interest NN I-NP
expense NN I-NP
surged VBD B-VP
to TO B-PP
$ $ B-NP
21.5 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
12.4 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
General NNP B-NP
Dynamics NNP I-NP
earned VBD B-VP
$ $ B-NP
210.3 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
5.03 CD I-NP
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
marginally RB B-ADVP
from IN B-PP
$ $ B-NP
208.8 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
4.97 CD I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
a DT B-NP
4.9 CD I-NP
% NN I-NP
rise NN I-NP
in IN B-PP
sales NNS B-NP
to TO B-PP
$ $ B-NP
7.41 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
7.06 CD I-NP
billion CD I-NP
. . O

Lotus NNP B-NP
Development NNP I-NP
Corp. NNP I-NP
reported VBD B-VP
a DT B-NP
surprisingly RB I-NP
strong JJ I-NP
51 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
on IN B-PP
a DT B-NP
32 CD I-NP
% NN I-NP
sales NNS I-NP
gain NN I-NP
, , O
buoyed VBN B-VP
by IN B-PP
strong JJ B-NP
demand NN I-NP
for IN B-PP
a DT B-NP
new JJ I-NP
version NN I-NP
of IN B-PP
its PRP$ B-NP
1-2-3 JJ I-NP
computer NN I-NP
spreadsheet NN I-NP
. . O

The DT B-NP
results NNS I-NP
topped VBD B-VP
analysts NNS B-NP
' POS B-NP
expectations NNS I-NP
and CC O
the DT B-NP
earnings NNS I-NP
growth NN I-NP
of IN B-PP
competitors NNS B-NP
, , O
prompting VBG B-VP
traders NNS B-NP
to TO B-VP
all DT I-VP
but CC I-VP
forget VB I-VP
the DT B-NP
product-launch NN I-NP
delays NNS I-NP
that WDT B-NP
bogged VBD B-VP
down RP B-PRT
the DT B-NP
company NN I-NP
for IN B-PP
much NN B-NP
of IN B-PP
the DT B-NP
past JJ I-NP
two CD I-NP
years NNS I-NP
. . O

Yesterday NN B-NP
, , O
in IN B-PP
heavy JJ B-NP
, , I-NP
national JJ I-NP
over-the-counter JJ I-NP
trading NN I-NP
, , O
Lotus NNP B-NP
shares NNS I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
32.50 CD I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.25 CD I-NP
apiece RB B-ADVP
, , O
capping VBG B-VP
a DT B-NP
threemonth JJ I-NP
run-up NN I-NP
of IN B-PP
more JJR B-NP
than IN I-NP
40 CD I-NP
% NN I-NP
. . O

Lotus NNP B-NP
said VBD B-VP
net NN B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
23 CD I-NP
million CD I-NP
, , O
or CC O
54 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
153.9 CD I-NP
million CD I-NP
. . O

A DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
net NN B-NP
was VBD B-VP
$ $ B-NP
14.3 CD I-NP
million CD I-NP
, , O
or CC O
31 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
116.8 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
net NN B-NP
of IN B-PP
$ $ B-NP
38.5 CD I-NP
million CD I-NP
, , O
or CC O
92 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
trailed VBD B-VP
the DT B-NP
year NN I-NP
earlier RBR I-NP
's POS B-NP
$ $ I-NP
49.9 CD I-NP
million CD I-NP
, , I-NP
or CC I-NP
$ $ I-NP
1.08 CD I-NP
a DT B-NP
share NN I-NP
. . O

Sales NNS B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
406 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
356 CD I-NP
million CD I-NP
the DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

In IN B-PP
the DT B-NP
first JJ I-NP
half NN I-NP
, , O
Lotus NNP B-NP
struggled VBD B-VP
to TO I-VP
keep VB I-VP
market NN B-NP
share NN I-NP
with IN B-PP
costly JJ B-NP
promotions NNS I-NP
while IN B-SBAR
customers NNS B-NP
awaited VBD B-VP
the DT B-NP
launch NN I-NP
of IN B-PP
1-2-3 NNP B-NP
Release NNP I-NP
3 CD I-NP
, , O
the DT B-NP
upgraded VBN I-NP
spreadsheet NN I-NP
software NN I-NP
. . O

Lotus NNP B-NP
's POS B-NP
results NNS I-NP
were VBD B-VP
about IN B-NP
10 CD I-NP
% NN I-NP
higher JJR B-ADJP
than IN B-PP
analysts NNS B-NP
' POS B-NP
average JJ I-NP
expectations NNS I-NP
and CC O
compared VBN B-VP
favorably RB B-ADVP
with IN B-PP
the DT B-NP
36 CD I-NP
% NN I-NP
earnings NNS I-NP
rise NN I-NP
reported VBD B-VP
a DT B-NP
day NN I-NP
earlier RBR B-ADVP
by IN B-PP
rival JJ B-NP
Microsoft NNP I-NP
Corp. NNP I-NP
of IN B-PP
Redmond NNP B-NP
, , O
Wash NNP B-NP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
results NNS B-NP
were VBD B-VP
bolstered VBN I-VP
by IN B-PP
upgrades NNS B-NP
to TO B-PP
Release NNP B-NP
3 CD I-NP
by IN B-PP
previous JJ B-NP
customers NNS I-NP
and CC O
improved VBN B-NP
profit NN I-NP
margins NNS I-NP
, , O
the DT B-NP
result NN I-NP
of IN B-PP
manufacturing-cost NN B-NP
controls NNS I-NP
. . O

Rick NNP B-NP
Sherlund NNP I-NP
, , O
a DT B-NP
Goldman NNP I-NP
Sachs NNP I-NP
analyst NN I-NP
, , O
said VBD B-VP
Lotus NNP B-NP
had VBD B-VP
upgrade VB B-NP
revenue NN I-NP
of IN B-PP
about RB B-NP
$ $ I-NP
22 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
, , O
twice RB B-ADVP
what WP B-NP
he PRP B-NP
had VBD B-VP
expected VBN I-VP
. . O

Also RB B-ADVP
, , O
he PRP B-NP
estimated VBD B-VP
unit NN B-NP
shipments NNS I-NP
of IN B-PP
1-2-3 JJ B-NP
in IN B-PP
all DT B-NP
its PRP$ I-NP
forms NNS I-NP
were VBD B-VP
about IN B-NP
315,000 CD I-NP
, , O
up IN B-ADVP
7 CD B-NP
% NN I-NP
from IN B-PP
1988 CD B-NP
's POS B-NP
quarterly JJ I-NP
average NN I-NP
. . O

Demand NN B-NP
for IN B-PP
the DT B-NP
new JJ I-NP
version NN I-NP
was VBD B-VP
enabling VBG I-VP
Lotus NNP B-NP
to TO B-VP
raise VB I-VP
prices NNS B-NP
with IN B-PP
distributors NNS B-NP
and CC O
to TO B-VP
hold VB I-VP
market NN B-NP
share NN I-NP
against IN B-PP
Microsoft NNP B-NP
and CC O
other JJ B-NP
competitors NNS I-NP
that WDT B-NP
tried VBD B-VP
to TO I-VP
exploit VB I-VP
the DT B-NP
earlier JJR I-NP
delays NNS I-NP
in IN B-PP
Release NNP B-NP
3 CD I-NP
's POS B-NP
launch NN I-NP
, , O
Mr. NNP B-NP
Sherlund NNP I-NP
added VBD B-VP
. . O

He PRP B-NP
estimated VBD B-VP
that IN B-SBAR
1-2-3 NN B-NP
outsold VBD B-VP
Microsoft NNP B-NP
's POS B-NP
Excel NNP I-NP
spreadsheet NN I-NP
by IN B-PP
four-to-one RB B-ADVP
in IN B-PP
the DT B-NP
quarter NN I-NP
, , O
and CC O
held VBD B-VP
a DT B-NP
70 CD I-NP
% NN I-NP
or CC I-NP
better JJR I-NP
share NN I-NP
of IN B-PP
the DT B-NP
spreadsheet NN I-NP
market NN I-NP
. . O

Silicon NNP B-NP
Valley NNP I-NP
heaved VBD B-VP
a DT B-NP
sigh NN I-NP
of IN B-PP
relief NN B-NP
yesterday NN B-NP
. . O

Though IN B-SBAR
details NNS B-NP
were VBD B-VP
sketchy JJ B-ADJP
in IN B-PP
the DT B-NP
aftermath NN I-NP
of IN B-PP
the DT B-NP
violent JJ I-NP
earthquake NN I-NP
that WDT B-NP
shook VBD B-VP
the DT B-NP
high-tech JJ I-NP
corridor NN I-NP
along IN B-PP
with IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Bay NNP I-NP
area NN I-NP
, , O
a DT B-NP
spot NN I-NP
check NN I-NP
of IN B-PP
computer NN B-NP
makers NNS I-NP
turned VBD B-VP
up IN B-PRT
little JJ O
, , O
if IN B-SBAR
any DT B-NP
, , O
potentially RB B-NP
lingering VBG I-NP
damage NN I-NP
to TO B-PP
facilities NNS B-NP
or CC O
fabrication NN B-NP
equipment NN I-NP
. . O

Analysts NNS B-NP
and CC O
corporate JJ B-NP
officials NNS I-NP
said VBD B-VP
they PRP B-NP
expected VBD B-VP
practically RB B-NP
no DT I-NP
long-term JJ I-NP
disruption NN I-NP
in IN B-PP
shipments NNS B-NP
from IN B-PP
the DT B-NP
Valley NNP I-NP
of IN B-PP
either DT B-NP
hardware NN I-NP
or CC I-NP
software NN I-NP
goods NNS I-NP
. . O

Intel NNP B-NP
Corp. NNP I-NP
, , O
Advanced NNP B-NP
Micro NNP I-NP
Devices NNP I-NP
Inc. NNP I-NP
and CC O
National NNP B-NP
Semiconductor NNP I-NP
Corp. NNP I-NP
were VBD B-VP
all DT O
up IN B-ADJP
and CC O
running VBG B-VP
yesterday NN B-NP
, , O
though IN B-SBAR
many JJ B-NP
workers NNS I-NP
were VBD B-VP
forced VBN I-VP
to TO I-VP
stay VB I-VP
home NN B-NP
because IN B-PP
of IN I-PP
damaged VBN B-NP
roadways NNS I-NP
; : O
others NNS B-NP
elected VBN B-VP
to TO I-VP
take VB I-VP
the DT B-NP
day NN I-NP
off RB B-PRT
. . O

`` `` O
These DT B-NP
systems NNS I-NP
are VBP B-VP
more RBR B-ADJP
rugged JJ I-ADJP
than IN B-SBAR
many JJ B-NP
people NNS I-NP
would MD B-VP
believe VB I-VP
, , O
'' '' O
said VBD B-VP
Thomas NNP B-NP
Kurlak NNP I-NP
, , O
who WP B-NP
tracks VBZ B-VP
the DT B-NP
computer NN I-NP
industry NN I-NP
for IN B-PP
Merrill NNP B-NP
Lynch NNP I-NP
Research NNP I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
not RB O
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
world NN I-NP
if IN B-SBAR
you PRP B-NP
shake VBP B-VP
them PRP B-NP
up IN B-PRT
a DT B-NP
little JJ I-NP
bit NN I-NP
. . O
'' '' O

Other JJ B-NP
companies NNS I-NP
, , O
including VBG B-PP
International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
and CC O
Hewlett-Packard NNP B-NP
Co. NNP I-NP
, , O
completely RB B-VP
idled VBN I-VP
their PRP$ B-NP
operations NNS I-NP
because IN B-PP
of IN I-PP
Tuesday NNP B-NP
evening NN I-NP
's POS B-NP
temblor NN I-NP
, , O
which WDT B-NP
registered VBD B-VP
6.9 CD B-NP
on IN B-PP
the DT B-NP
Richter NNP I-NP
scale NN I-NP
. . O

Personnel NNP B-NP
spent VBD B-VP
the DT B-NP
morning NN I-NP
inspecting VBG B-VP
buildings NNS B-NP
for IN B-PP
structural JJ B-NP
weaknesses NNS I-NP
, , O
mopping VBG B-VP
up IN B-PRT
water NN B-NP
from IN B-PP
broken VBN B-NP
pipes NNS I-NP
and CC O
clearing VBG B-VP
ceiling NN B-NP
tiles NNS I-NP
and CC O
other JJ B-NP
debris NN I-NP
from IN B-PP
factory NN B-NP
floors NNS I-NP
. . O

Still RB B-ADVP
, , O
many NN B-NP
were VBD B-VP
confident JJ B-ADJP
that IN B-SBAR
`` `` O
in IN B-PP
a DT B-NP
day NN I-NP
or CC I-NP
two CD I-NP
, , O
everything NN B-NP
should MD B-VP
be VB I-VP
back RB B-ADVP
to TO B-PP
normal JJ B-ADJP
, , O
'' '' O
according VBG B-PP
to TO B-PP
a DT B-NP
spokeswoman NN I-NP
for IN B-PP
the DT B-NP
Semiconductor NNP I-NP
Industry NNP I-NP
Association NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Cupertino NNP B-NP
. . O

IBM NNP B-NP
, , O
for IN B-PP
instance NN B-NP
, , O
said VBD B-VP
it PRP B-NP
anticipates VBZ B-VP
returning VBG I-VP
to TO B-PP
a DT B-NP
normal JJ I-NP
work NN I-NP
schedule NN I-NP
by IN B-PP
the DT B-NP
weekend NN I-NP
at IN B-PP
its PRP$ B-NP
San NNP I-NP
Jose NNP I-NP
plant NN I-NP
, , O
which WDT B-NP
puts VBZ B-VP
out RP B-PRT
disk NN B-NP
drives NNS I-NP
for IN B-PP
the DT B-NP
3090 CD I-NP
family NN I-NP
of IN B-PP
mainframes NNS B-NP
. . O

A DT B-NP
Hewlett-Packard NNP I-NP
spokeswoman NN I-NP
said VBD B-VP
that IN B-SBAR
, , O
while IN B-SBAR
`` `` O
things NNS B-NP
are VBP B-VP
a DT B-NP
big JJ I-NP
mess NN I-NP
, , O
'' '' O
some DT B-NP
18,000 CD I-NP
Valley NNP I-NP
employees NNS I-NP
have VBP B-VP
been VBN I-VP
called VBN I-VP
back RB B-ADVP
to TO B-PP
work VB B-NP
today NN B-NP
. . O

Apple NNP B-NP
Computer NNP I-NP
added VBD B-VP
that IN B-SBAR
it PRP B-NP
was VBD B-VP
being VBG I-VP
`` `` O
cautiously RB B-ADJP
optimistic JJ I-ADJP
, , O
'' '' O
despite IN B-PP
not RB B-ADVP
yet RB I-ADVP
closely RB B-VP
eyeballing VBG I-VP
all DT B-NP
of IN B-PP
its PRP$ B-NP
50 CD I-NP
buildings NNS I-NP
in IN B-PP
the DT B-NP
region NN I-NP
. . O

Even RB B-NP
the DT I-NP
carefully RB I-NP
calibrated VBN I-NP
machinery NN I-NP
in IN B-PP
its PRP$ B-NP
giant NN I-NP
Fremont NNP I-NP
plant NN I-NP
, , O
to TO B-PP
the DT B-NP
north RB I-NP
of IN B-PP
the DT B-NP
Valley NNP I-NP
, , O
was VBD B-VP
believed VBN I-VP
to TO I-VP
be VB I-VP
undamaged JJ B-ADJP
. . O

Sun NNP B-NP
Microsystems NNP I-NP
Inc. NNP I-NP
and CC O
Tandem NNP B-NP
Computers NNP I-NP
Inc. NNP I-NP
also RB B-ADVP
signaled VBD B-VP
that IN B-SBAR
they PRP B-NP
should MD B-VP
recover VB I-VP
quickly RB B-ADVP
. . O

Digital NNP B-NP
Equipment NNP I-NP
Corp. NNP I-NP
, , O
with IN B-PP
major JJ B-NP
facilities NNS I-NP
in IN B-PP
Santa NNP B-NP
Clara NNP I-NP
, , O
Cupertino NNP B-NP
, , O
Palo NNP B-NP
Alto NNP I-NP
and CC O
Mountain NNP B-NP
View NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
all DT B-NP
of IN B-PP
its PRP$ B-NP
engineering NN I-NP
and CC I-NP
manufacturing NN I-NP
sites NNS I-NP
had VBD B-VP
reported VBN I-VP
to TO B-PP
corporate JJ B-NP
headquarters NN I-NP
in IN B-PP
Maynard NNP B-NP
, , O
Mass. NNP B-NP
, , O
Tuesday NNP B-NP
night NN I-NP
. . O

None NN B-NP
sustained VBN B-VP
`` `` B-NP
significant JJ I-NP
'' '' I-NP
damage NN I-NP
, , O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
, , O
adding VBG B-VP
that IN B-SBAR
`` `` O
the DT B-NP
delicate JJ I-NP
manufacturing NN I-NP
process NN I-NP
machines NNS I-NP
were VBD B-VP
checked VBN I-VP
and CC O
were VBD B-VP
all DT O
found VBD B-VP
to TO I-VP
be VB I-VP
operating VBG I-VP
normally RB B-ADVP
. . O
'' '' O

For IN B-PP
many JJ B-NP
companies NNS I-NP
, , O
of IN B-PP
course NN B-NP
, , O
there EX B-NP
is VBZ B-VP
still RB B-ADVP
a DT B-NP
slew NN I-NP
of IN B-PP
nagging JJ B-NP
problems NNS I-NP
to TO B-VP
grapple VB I-VP
with IN B-PP
, , O
some DT B-NP
of IN B-PP
which WDT B-NP
have VBP B-VP
the DT B-NP
potential JJ I-NP
to TO B-VP
become VB I-VP
quite RB B-ADJP
serious JJ I-ADJP
. . O

For IN B-PP
example NN B-NP
, , O
a DT B-NP
spokesman NN I-NP
for IN B-PP
Advanced NNP B-NP
Micro NNP I-NP
Devices NNPS I-NP
said VBD B-VP
the DT B-NP
Sunnyvale NNP I-NP
chip NN I-NP
maker NN I-NP
is VBZ B-VP
worried VBN B-ADJP
about IN B-PP
blackouts NNS B-NP
. . O

A DT B-NP
sudden JJ I-NP
surge NN I-NP
or CC I-NP
drop NN I-NP
in IN B-PP
electric JJ B-NP
power NN I-NP
could MD B-VP
ruin VB I-VP
integrated VBN B-NP
circuits NNS I-NP
being VBG B-VP
built VBN I-VP
. . O

But CC O
, , O
given VBN B-PP
what WP B-NP
might MD B-VP
have VB I-VP
happened VBN I-VP
to TO B-PP
the DT B-NP
fragile JJ I-NP
parts NNS I-NP
that WDT B-NP
are VBP B-VP
at IN B-PP
the DT B-NP
heart NN I-NP
of IN B-PP
the DT B-NP
microelectronics NNS I-NP
business NN I-NP
, , O
the DT B-NP
bulk NN I-NP
of IN B-PP
Valley NNP B-NP
companies NNS I-NP
seemed VBD B-VP
to TO I-VP
be VB I-VP
just RB I-VP
about IN I-VP
shouting VBG I-VP
hosannas NNS B-NP
. . O

Several JJ B-NP
factors NNS I-NP
apparently RB B-ADVP
spared VBN B-VP
the DT B-NP
Valley NNP I-NP
-- : O
a DT B-NP
sprawling VBG I-NP
suburban JJ I-NP
stretch NN I-NP
from IN B-PP
San NNP B-NP
Jose NNP I-NP
to TO B-PP
Palo NNP B-NP
Alto NNP I-NP
-- : O
from IN B-PP
the DT B-NP
kind NN I-NP
of IN B-PP
impact NN B-NP
felt VBD B-VP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
an DT B-NP
hour NN I-NP
's POS B-NP
drive NN I-NP
north RB I-NP
. . O

For IN B-PP
one CD B-NP
thing NN I-NP
, , O
buildings NNS B-NP
there EX B-ADVP
tend VBP B-VP
to TO I-VP
be VB I-VP
newer JJR B-ADJP
and CC O
, , O
thus RB B-ADVP
, , O
in IN B-PP
step NN B-NP
with IN B-PP
the DT B-NP
latest JJS I-NP
safety NN I-NP
codes NNS I-NP
. . O

Also RB B-ADVP
, , O
the DT B-NP
soil NN I-NP
in IN B-PP
the DT B-NP
Valley NNP I-NP
is VBZ B-VP
solid JJ B-ADJP
, , O
unlike IN B-PP
the DT B-NP
landfill NN I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
's POS B-NP
downtown NN I-NP
Marina NNP I-NP
District NNP I-NP
, , O
which WDT B-NP
was VBD B-VP
hit VBN I-VP
with IN B-PP
fires NNS B-NP
and CC O
vast JJ B-NP
destruction NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
some DT B-NP
microelectronics NNS I-NP
companies NNS I-NP
said VBD B-VP
they PRP B-NP
were VBD B-VP
prepared VBN B-ADJP
for IN B-PP
tremulous JJ B-NP
conditions NNS I-NP
like IN B-PP
Tuesday NNP B-NP
's POS B-NP
. . O

Their PRP$ B-NP
machine NN I-NP
tools NNS I-NP
are VBP B-VP
even RB I-VP
bolted VBN I-VP
to TO B-PP
the DT B-NP
shop NN I-NP
floor NN I-NP
. . O

Intel NNP B-NP
said VBD B-VP
that IN B-SBAR
over IN B-PP
the DT B-NP
past JJ I-NP
decade NN I-NP
, , O
it PRP B-NP
has VBZ B-VP
installed VBN I-VP
computer NN B-NP
sensors NNS I-NP
and CC O
shutoff NN B-NP
valves NNS I-NP
, , O
sensitive JJ B-ADJP
to TO B-PP
the DT B-NP
shake NN I-NP
of IN B-PP
an DT B-NP
earthquake NN I-NP
, , O
in IN B-PP
the DT B-NP
pipes NNS I-NP
that WDT B-NP
snake NN B-VP
through IN B-PP
its PRP$ B-NP
plants NNS I-NP
. . O

Like IN B-PP
other JJ B-NP
large JJ I-NP
Valley NNP I-NP
companies NNS I-NP
, , O
Intel NNP B-NP
also RB B-ADVP
noted VBD B-VP
that IN B-SBAR
it PRP B-NP
has VBZ B-VP
factories NNS B-NP
in IN B-PP
several JJ B-NP
parts NNS I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
, , O
so RB B-SBAR
that IN I-SBAR
a DT B-NP
breakdown NN I-NP
at IN B-PP
one CD B-NP
location NN I-NP
should MD B-VP
n't RB I-VP
leave VB I-VP
customers NNS B-NP
in IN B-PP
a DT B-NP
total JJ I-NP
pinch NN I-NP
. . O

That DT B-NP
's VBZ B-VP
certainly RB B-ADVP
good JJ B-NP
news NN I-NP
for IN B-PP
such JJ B-NP
companies NNS I-NP
as IN B-PP
Compaq NNP B-NP
Computer NNP I-NP
Corp. NNP I-NP
, , O
Houston NNP B-NP
, , O
which WDT B-NP
has VBZ B-VP
only RB B-NP
a DT I-NP
four-day JJ I-NP
supply NN I-NP
of IN B-PP
microprocessors NNS B-NP
from IN B-PP
the DT B-NP
Valley NNP I-NP
on IN B-PP
hand NN B-NP
because IN B-PP
of IN I-PP
a DT B-NP
just-in-time JJ I-NP
manufacturing NN I-NP
approach NN I-NP
that IN B-NP
limits VBZ B-VP
the DT B-NP
buildup NN I-NP
of IN B-PP
inventory NN B-NP
. . O

Compaq NNP B-NP
said VBD B-VP
it PRP B-NP
foresees VBZ B-VP
no DT B-NP
difficulties NNS I-NP
in IN B-PP
obtaining VBG B-VP
parts NNS B-NP
in IN B-PP
the DT B-NP
immediate JJ I-NP
future NN I-NP
. . O

Computer NN B-NP
makers NNS I-NP
were VBD B-VP
scrambling VBG I-VP
to TO I-VP
help VB I-VP
customers NNS B-NP
recover VB B-VP
from IN B-PP
the DT B-NP
disaster NN I-NP
. . O

Digital NNP B-NP
Equipment NNP I-NP
has VBZ B-VP
set VBN I-VP
up IN B-PRT
disaster-recovery JJ B-NP
response NN I-NP
centers NNS I-NP
in IN B-PP
Dallas NNP B-NP
, , O
Atlanta NNP B-NP
and CC O
Colorado NNP B-NP
Springs NNP I-NP
, , O
Colo NNP B-NP
. . O

These DT B-NP
units NNS I-NP
were VBD B-VP
handling NN I-VP
calls VBZ B-NP
both DT O
from IN B-PP
people NNS B-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
and CC B-PP
from IN B-PP
computers NNS B-NP
themselves PRP O
, , O
which WDT B-NP
are VBP B-VP
set VBN I-VP
to TO I-VP
dial VB I-VP
Digital NNP B-NP
automatically RB B-ADVP
when WRB B-ADVP
trouble NN B-NP
arises VBZ B-VP
. . O

They PRP B-NP
then RB B-ADVP
run VBP B-VP
remotely RB B-NP
controlled VBN I-NP
self-diagnostic JJ I-NP
programs NNS I-NP
. . O

Digital NNP B-NP
also RB B-ADVP
said VBD B-VP
it PRP B-NP
has VBZ B-VP
dispatched VBN I-VP
teams NNS B-NP
of IN B-PP
technicians NNS B-NP
to TO B-PP
California NNP B-NP
. . O

Meanwhile RB B-ADVP
, , O
several JJ B-NP
other JJ I-NP
major JJ I-NP
installations NNS I-NP
around IN B-PP
the DT B-NP
Valley NNP I-NP
-- : O
America NNP B-NP
's POS B-NP
center NN I-NP
of IN B-PP
high-tech JJ B-NP
-- : O
said VBD B-VP
they PRP B-NP
, , O
too RB B-ADVP
, , O
fared VBD B-VP
as RB B-ADVP
well RB I-ADVP
as IN B-SBAR
could MD B-VP
be VB I-VP
expected VBN I-VP
. . O

Lawrence NNP B-NP
Livermore NNP I-NP
National NNP I-NP
Laboratory NNP I-NP
, , O
where WRB B-ADVP
the DT B-NP
Energy NNP I-NP
Department NNP I-NP
tests NNS B-VP
and CC O
conducts VBZ B-VP
research NN B-NP
on IN B-PP
nuclear JJ B-NP
weapons NNS I-NP
, , O
had VBD B-VP
only RB B-ADVP
`` `` O
superficial JJ B-NP
damage NN I-NP
, , O
'' '' O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

At IN B-PP
Lockheed NNP B-NP
Corp. NNP I-NP
's POS B-NP
missiles NNS I-NP
and CC I-NP
space NN I-NP
systems NNS I-NP
group VBP I-NP
in IN B-PP
Sunnyvale NNP B-NP
, , O
about IN B-NP
40 CD I-NP
miles NNS I-NP
south RB B-ADVP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
workers NNS B-NP
were VBD B-VP
asked VBN I-VP
to TO B-VP
head VB I-VP
to TO B-PP
work VB B-NP
yesterday NN B-NP
after IN B-SBAR
it PRP B-NP
was VBD B-VP
realized VBN I-VP
that IN B-SBAR
`` `` O
there EX B-NP
were VBD B-VP
no DT B-NP
show-stoppers NNS I-NP
'' '' O
in IN B-PP
the DT B-NP
150-plus JJ I-NP
buildings NNS I-NP
on IN B-PP
its PRP$ B-NP
one-square-mile JJ I-NP
campus NN I-NP
. . O

Several JJ B-NP
engineering NN I-NP
and CC I-NP
research NN I-NP
offices NNS I-NP
needed VBN B-VP
closer JJR B-NP
scrutiny NN I-NP
to TO B-VP
make VB I-VP
sure JJ B-ADJP
they PRP B-NP
were VBD B-VP
n't RB O
in IN B-PP
danger NN B-NP
of IN B-PP
crumbling VBG B-NP
, , O
but CC O
`` `` O
the DT B-NP
bulk NN I-NP
of IN B-PP
the DT B-NP
place NN I-NP
is VBZ B-VP
in IN B-PP
pretty RB B-NP
good JJ I-NP
shape NN I-NP
, , O
'' '' O
an DT B-NP
official NN I-NP
said VBD B-VP
. . O

One CD B-NP
of IN B-PP
Lockheed NNP B-NP
's POS B-NP
most RBS B-ADJP
lucrative JJ I-ADJP
sectors NNS B-NP
-- : O
accounting NN B-VP
for IN B-PP
more JJR O
than IN O
half PDT O
the DT B-NP
aerospace NN I-NP
company NN I-NP
's POS B-NP
$ $ I-NP
10.59 CD I-NP
billion CD I-NP
in IN B-PP
sales NNS B-NP
in IN B-PP
1988 CD B-NP
-- : O
the DT B-NP
missiles NNS I-NP
and CC I-NP
space NN I-NP
group NN I-NP
is VBZ B-VP
the DT B-NP
prime JJ I-NP
Pentagon NNP I-NP
contractor NN I-NP
on IN B-PP
the DT B-NP
Trident NNP I-NP
II NNP I-NP
ballistic JJ I-NP
missile NN I-NP
. . O

It PRP B-NP
also RB B-ADVP
generates VBZ B-VP
pieces NNS B-NP
of IN B-PP
the DT B-NP
missile NN I-NP
shield NN I-NP
called VBD B-VP
the DT B-NP
Strategic NNP I-NP
Defense NNP I-NP
Initiative NNP I-NP
. . O

Fortunately RB B-ADVP
, , O
the DT B-NP
Hubble NNP I-NP
Space NNP I-NP
Telescope NNP I-NP
-- : O
set VBN B-VP
to TO I-VP
be VB I-VP
launched VBN I-VP
on IN B-PP
the DT B-NP
shuttle NN I-NP
next JJ B-NP
year NN I-NP
in IN B-PP
a DT B-NP
search NN I-NP
for IN B-PP
distant JJ B-NP
solar JJ I-NP
systems NNS I-NP
and CC O
light NN B-NP
emitted VBN B-VP
14 CD B-NP
billion CD I-NP
years NNS I-NP
ago RB B-ADVP
from IN B-PP
the DT B-NP
farthest JJS I-NP
reaches NNS I-NP
of IN B-PP
the DT B-NP
universe NN I-NP
-- : O
was VBD B-VP
moved VBN I-VP
from IN B-PP
Sunnyvale NNP B-NP
to TO B-PP
the DT B-NP
Kennedy NNP I-NP
Space NNP I-NP
Center NNP I-NP
in IN B-PP
Florida NNP B-NP
at IN B-PP
the DT B-NP
beginning NN I-NP
of IN B-PP
October NNP B-NP
. . O

John NNP B-NP
R. NNP I-NP
Wilke NNP I-NP
contribued VBD B-VP
to TO B-PP
this DT B-NP
article NN I-NP
. . O

Michael NNP B-NP
Maynard NNP I-NP
offered VBD B-VP
the DT B-NP
world NN I-NP
a DT B-NP
faster JJR I-NP
way NN I-NP
to TO B-VP
break VB I-VP
eggs NNS B-NP
. . O

As IN B-PP
thanks NNS B-NP
, , O
the DT B-NP
egg NN I-NP
industry NN I-NP
tried VBD B-VP
to TO I-VP
break VB I-VP
him PRP B-NP
. . O

And CC O
the DT B-NP
egg NN I-NP
producers NNS I-NP
have VBP B-VP
done VBN I-VP
a DT B-NP
pretty RB I-NP
good JJ I-NP
job NN I-NP
. . O

They PRP B-NP
tried VBD B-VP
to TO I-VP
put VB I-VP
Mr. NNP B-NP
Maynard NNP I-NP
out IN B-ADJP
of IN B-PP
business NN B-NP
by IN B-PP
an DT B-NP
act NN I-NP
of IN B-PP
Congress NNP B-NP
. . O

Egg-industry NN B-NP
lobbying VBG I-NP
helped VBN B-VP
persuade VB I-VP
six CD B-NP
states NNS I-NP
to TO B-VP
ban VB I-VP
Mr. NNP B-NP
Maynard NNP I-NP
's POS B-NP
automatic JJ I-NP
egg-breaking NN I-NP
machine NN I-NP
because IN B-PP
of IN I-PP
fears NNS B-NP
over IN B-PP
salmonella NN B-NP
. . O

His PRP$ B-NP
company NN I-NP
, , O
Misa NNP B-NP
Manufacturing NNP I-NP
Inc. NNP I-NP
, , O
was VBD B-VP
forced VBN I-VP
to TO I-VP
seek VB I-VP
protection NN B-NP
from IN B-PP
creditors NNS B-NP
under IN B-PP
federal JJ B-NP
bankruptcy NN I-NP
law NN I-NP
in IN B-PP
1987 CD B-NP
and CC O
has VBZ B-VP
since IN I-VP
been VBN I-VP
liquidated VBN I-VP
. . O

Monthly JJ B-NP
sales NNS I-NP
of IN B-PP
his PRP$ B-NP
Egg NNP I-NP
King NNP I-NP
machine NN I-NP
-- : O
which WDT B-NP
he PRP B-NP
now RB B-ADVP
is VBZ B-VP
marketing VBG I-VP
through IN B-PP
a DT B-NP
new JJ I-NP
company NN I-NP
-- : O
have VBP B-VP
sunk VBN I-VP
to TO B-PP
about IN B-NP
half PDT I-NP
a DT I-NP
dozen NN I-NP
from IN B-PP
a DT B-NP
peak NN I-NP
of IN B-PP
75 CD B-NP
, , O
says VBZ B-VP
the DT B-NP
46-year-old JJ I-NP
businessman NN I-NP
. . O

Mr. NNP B-NP
Maynard NNP I-NP
is VBZ B-VP
n't RB O
the DT B-NP
first JJ I-NP
entrepreneur NN I-NP
to TO B-VP
bump VB I-VP
up IN B-PRT
against IN B-PP
entrenched VBN B-NP
interests NNS I-NP
. . O

But CC O
his PRP$ B-NP
case NN I-NP
is VBZ B-VP
notable JJ B-ADJP
both DT O
for IN B-PP
the DT B-NP
scale NN I-NP
of IN B-PP
the DT B-NP
fight NN I-NP
-- : O
it PRP B-NP
is VBZ B-VP
n't RB O
often RB B-ADVP
that IN B-ADVP
a DT B-NP
congressional JJ I-NP
hearing NN I-NP
is VBZ B-VP
held VBN I-VP
to TO B-VP
determine VB I-VP
whether IN B-SBAR
one CD B-NP
small JJ I-NP
businessman NN I-NP
is VBZ B-VP
a DT B-NP
threat NN I-NP
to TO B-PP
the DT B-NP
republic NN I-NP
-- : O
and CC B-PP
for IN B-PP
what WP B-NP
it PRP B-NP
tells VBZ B-VP
about IN B-PP
the DT B-NP
pitfalls NNS I-NP
of IN B-PP
marketing VBG B-VP
a DT B-NP
new JJ I-NP
product NN I-NP
. . O

Now RB B-ADVP
one PRP B-NP
might MD B-VP
ask VB I-VP
why WRB B-ADVP
people NNS B-NP
who WP B-NP
sell VBP B-VP
eggs NNS B-NP
would MD B-VP
fight VB I-VP
someone NN B-NP
who WP B-NP
is VBZ B-VP
trying VBG I-VP
to TO I-VP
make VB I-VP
it PRP B-NP
easier JJR B-ADJP
to TO B-VP
crack VB I-VP
them PRP B-NP
. . O

Part NN B-NP
of IN B-PP
the DT B-NP
answer NN I-NP
lies VBZ B-VP
in IN B-PP
the DT B-NP
nature NN I-NP
of IN B-PP
the DT B-NP
industry NN I-NP
. . O

Many RB B-NP
larger JJR I-NP
egg NN I-NP
producers NNS I-NP
are VBP B-VP
also RB B-ADVP
egg NN B-NP
processors NNS I-NP
, , O
who WP B-NP
crack VBP B-VP
, , I-VP
inspect VB I-VP
, , I-VP
and CC I-VP
sanitize VBP I-VP
billions NNS B-NP
of IN B-PP
eggs NNS B-NP
, , O
turning VBG B-VP
them PRP B-NP
into IN B-PP
powdered JJ B-NP
, , I-NP
liquified JJ I-NP
or CC I-NP
frozen VBN I-NP
egg NN I-NP
products NNS I-NP
. . O

However RB B-ADVP
, , O
dozens NNS B-NP
of IN B-PP
bakers NNS B-NP
, , O
restaurant NN B-NP
chefs NNS I-NP
and CC O
other JJ B-NP
food NN I-NP
preparers NNS I-NP
who WP B-NP
flocked VBD B-VP
to TO B-PP
Mr. NNP B-NP
Maynard NNP I-NP
's POS B-NP
defense NN I-NP
say VBP B-VP
that IN B-SBAR
products NNS B-NP
ranging VBG B-VP
from IN B-PP
egg NN B-NP
bread NN I-NP
to TO B-PP
eclairs NNS B-NP
lose VBP B-VP
some DT B-NP
zip NN I-NP
when WRB B-ADVP
the DT B-NP
eggs NNS I-NP
come VBP B-VP
in IN B-PP
30-pound JJ B-NP
cans NNS I-NP
instead RB B-CONJP
of IN I-CONJP
shells NNS B-NP
. . O

But CC O
for IN B-PP
companies NNS B-NP
that IN B-NP
use NN B-VP
hundreds NNS B-NP
of IN B-PP
eggs NNS B-NP
a DT B-NP
day NN I-NP
, , O
breaking VBG B-VP
them PRP B-NP
by IN B-PP
hand NN B-NP
can MD B-VP
get VB I-VP
, , O
well RB B-ADVP
, , O
out IN B-ADJP
of IN B-PP
hand NN B-NP
. . O

The DT B-NP
idea NN I-NP
behind IN B-PP
the DT B-NP
Egg NNP I-NP
King NNP I-NP
is VBZ B-VP
pretty RB B-NP
simple JJ I-NP
: : O
put VB B-VP
the DT B-NP
eggs NNS I-NP
into IN B-PP
a DT B-NP
cylinder NN I-NP
that WDT B-NP
contains VBZ B-VP
perforated JJ B-NP
baskets NNS I-NP
, , O
spin VB B-VP
them PRP B-NP
at IN B-PP
a DT B-NP
high JJ I-NP
speed NN I-NP
to TO B-VP
break VB I-VP
the DT B-NP
shells NNS I-NP
and CC O
strain VB B-VP
the DT B-NP
edible JJ I-NP
part NN I-NP
through IN B-PP
the DT B-NP
baskets NNS I-NP
. . O

One CD B-NP
Egg NNP I-NP
King NNP I-NP
-- : O
which WDT B-NP
at IN B-PP
just RB B-ADVP
under IN I-ADVP
four CD B-NP
feet NNS I-NP
tall JJ B-ADJP
and CC O
two CD B-NP
feet NNS I-NP
wide JJ B-ADJP
has VBZ B-VP
been VBN I-VP
likened VBN I-VP
to TO B-PP
the DT B-NP
robot NN I-NP
R2-D2 NN B-NP
-- : O
can MD B-VP
crack VB I-VP
about IN B-NP
20,000 CD I-NP
eggs NNS I-NP
an DT B-NP
hour NN I-NP
. . O

Because IN B-SBAR
fresh JJ B-NP
eggs NNS I-NP
are VBP B-VP
less RBR B-ADJP
expensive JJ I-ADJP
than IN B-PP
processed VBN B-NP
ones NNS I-NP
, , O
a DT B-NP
big JJ I-NP
egg NN I-NP
user NN I-NP
can MD B-VP
recover VB I-VP
the DT B-NP
Egg NNP I-NP
King NNP I-NP
's POS B-NP
$ $ B-ADJP
3,390 CD O
cost NN B-NP
in IN B-PP
a DT B-NP
few JJ I-NP
months NNS I-NP
, , O
says VBZ B-VP
Mr. NNP B-NP
Maynard NNP I-NP
. . O

Such JJ B-NP
centrifugal JJ I-NP
egg NN I-NP
breakers NNS I-NP
have VBP B-VP
been VBN I-VP
around IN B-ADJP
since IN B-PP
the DT B-NP
1890s CD I-NP
. . O

But CC O
when WRB B-ADVP
Mr. NNP B-NP
Maynard NNP I-NP
came VBD B-VP
forward RB B-ADVP
with IN B-PP
his PRP$ B-NP
machine NN I-NP
in IN B-PP
the DT B-NP
early JJ I-NP
1970s NNS I-NP
nobody NN B-NP
else RB B-ADJP
was VBD B-VP
offering VBG I-VP
them PRP B-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
. . O

The DT B-NP
main JJ I-NP
reason NN I-NP
: : O
salmonella NN B-NP
. . O

Chickens NNS B-NP
carry VBP B-VP
this DT B-NP
bacteria NNS I-NP
, , O
which WDT B-NP
can MD B-VP
cause VB I-VP
upset VBN B-NP
stomachs NNS I-NP
and CC O
, , O
in IN B-PP
rare JJ B-NP
cases NNS I-NP
, , O
death NN B-NP
among IN B-PP
people NNS B-NP
. . O

Hens NNS B-NP
sometimes RB B-ADVP
pass VBP B-VP
salmonella NN B-NP
to TO B-PP
the DT B-NP
eggs NNS I-NP
, , O
and CC O
it PRP B-NP
can MD B-VP
also RB I-VP
be VB I-VP
found VBN I-VP
on IN B-PP
unclean JJ B-NP
shells NNS I-NP
. . O

Thus RB B-ADVP
, , O
any DT B-NP
machine NN I-NP
that IN B-NP
breaks VBZ B-VP
large JJ B-NP
amounts NNS I-NP
of IN B-PP
eggs NNS B-NP
at IN B-ADVP
once RB I-ADVP
has VBZ B-VP
the DT B-NP
potential JJ I-NP
to TO B-VP
spread VB I-VP
salmonella NN B-NP
if IN B-SBAR
a DT B-NP
bad JJ I-NP
egg NN I-NP
gets VBZ B-VP
in IN B-ADJP
with IN B-PP
the DT B-NP
good JJ I-NP
ones NNS I-NP
. . O

Mr. NNP B-NP
Maynard NNP I-NP
claims VBZ B-VP
this DT B-NP
is VBZ B-VP
a DT B-NP
manageable JJ I-NP
problem NN I-NP
. . O

The DT B-NP
Egg NNP I-NP
King NNP I-NP
carries VBZ B-VP
written VBN B-NP
instructions NNS I-NP
to TO B-VP
break VB I-VP
only RB B-NP
high-grade JJ I-NP
eggs NNS I-NP
that WDT B-NP
have VBP B-VP
been VBN I-VP
properly RB I-VP
sanitized VBN I-VP
and CC O
, , O
as IN B-PP
an DT B-NP
added VBN I-NP
precaution NN I-NP
, , B-VP
to TO I-VP
use VB B-VP
the DT B-NP
eggs NNS I-NP
only RB B-ADVP
in IN B-PP
products NNS B-NP
that WDT B-NP
will MD B-VP
be VB I-VP
cooked VBN I-VP
enough RB B-ADVP
to TO B-VP
kill VB I-VP
bacteria NNS B-NP
. . O

With IN B-SBAR
nearly RB B-NP
4,000 CD I-NP
machines NNS I-NP
in IN B-PP
use NN B-NP
, , O
there EX B-NP
have VBP B-VP
been VBN I-VP
no DT B-NP
salmonella NN I-NP
problems NNS I-NP
as RB B-ADVP
long RB I-ADVP
as IN B-SBAR
instructions NNS B-NP
were VBD B-VP
followed VBN I-VP
, , O
Mr. NNP B-NP
Maynard NNP I-NP
boasts VBZ B-VP
. . O

He PRP B-NP
says VBZ B-VP
the DT B-NP
handful NN I-NP
of IN B-PP
salmonella NN B-NP
cases NNS I-NP
involving VBG B-VP
products NNS B-NP
that WDT B-NP
may MD B-VP
have VB I-VP
used VBN I-VP
eggs NNS B-NP
broken VBN B-VP
by IN B-PP
an DT B-NP
Egg NNP I-NP
King NNP I-NP
stemmed VBD B-VP
from IN B-PP
a DT B-NP
failure NN I-NP
to TO B-VP
adequately RB I-VP
cook VBP I-VP
the DT B-NP
products NNS I-NP
. . O

But CC O
he PRP B-NP
says VBZ B-VP
that DT B-NP
's VBZ B-VP
no DT B-NP
more JJR I-NP
a DT I-NP
reason NN I-NP
for IN B-PP
banning VBG B-VP
Egg NNP B-NP
Kings NNP I-NP
than IN B-SBAR
bad JJ B-NP
drivers NNS I-NP
are VBP B-VP
a DT B-NP
reason NN I-NP
for IN B-PP
banning VBG B-VP
cars NNS B-NP
. . O

Opponents NNS B-NP
do VBP B-VP
n't RB I-VP
buy VB I-VP
such JJ B-NP
arguments NNS I-NP
. . O

`` `` O
Human NNP B-NP
nature NN I-NP
being VBG B-VP
what WP B-NP
it PRP B-NP
is VBZ B-VP
, , O
people NNS B-NP
do VBP B-VP
n't RB I-VP
always RB I-VP
follow VB I-VP
instructions NNS B-NP
, , O
'' '' O
says VBZ B-VP
Jack NNP B-NP
Guzewich NNP I-NP
, , O
chief NN B-NP
of IN B-PP
food NN B-NP
protection NN I-NP
for IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
state NN I-NP
Health NNP I-NP
Department NNP I-NP
. . O

Leading VBG B-VP
the DT B-NP
assault NN I-NP
against IN B-PP
the DT B-NP
Egg NNP I-NP
King NNP I-NP
has VBZ B-VP
been VBN I-VP
United NNP B-NP
Egg NNP I-NP
Producers NNS I-NP
. . O

The DT B-NP
Decatur NNP I-NP
, , I-NP
Ga. NNP I-NP
, , I-NP
trade NN I-NP
group NN I-NP
has VBZ B-VP
issued VBN I-VP
a DT B-NP
`` `` I-NP
briefing NN I-NP
book NN I-NP
'' '' O
that IN B-NP
claims VBZ B-VP
the DT B-NP
machine NN I-NP
is VBZ B-VP
`` `` O
a DT B-NP
health NN I-NP
hazard NN I-NP
'' '' O
and CC O
that IN B-SBAR
Mr. NNP B-NP
Maynard NNP I-NP
is VBZ B-VP
trying VBG I-VP
`` `` O
to TO B-VP
make VB I-VP
a DT B-NP
fast JJ I-NP
buck NN I-NP
at IN B-PP
the DT B-NP
expense NN I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
egg NN I-NP
producers NNS I-NP
. . O
'' '' O

The DT B-NP
UEP NNP I-NP
declines NNS B-VP
to TO I-VP
comment VB I-VP
, , O
but CC O
the DT B-NP
group NN I-NP
's POS B-NP
attorney NN I-NP
, , O
Alfred NNP B-NP
Frawley NNP I-NP
, , O
says VBZ B-VP
the DT B-NP
group NN I-NP
's POS B-NP
actions NNS I-NP
are VBP B-VP
motivated VBN I-VP
solely RB B-ADVP
by IN B-PP
`` `` O
health NN B-NP
concerns NNS I-NP
. . O
'' '' O

An DT B-NP
early JJ I-NP
battleground NN I-NP
was VBD B-VP
the DT B-NP
U.S. NNP I-NP
Department NNP I-NP
of IN B-PP
Agriculture NNP B-NP
. . O

Mr. NNP B-NP
Maynard NNP I-NP
initially RB B-ADVP
won VBD B-VP
approval NN B-NP
for IN B-SBAR
his PRP$ B-NP
machine NN I-NP
to TO B-VP
be VB I-VP
used VBN I-VP
at IN B-PP
egg-processing JJ B-NP
facilities NNS I-NP
regulated VBN B-VP
by IN B-PP
the DT B-NP
USDA NNP I-NP
's POS B-NP
Food NNP I-NP
Safety NNP I-NP
Inspection NNP I-NP
Service NNP I-NP
. . O

Unfortunately RB B-ADVP
for IN B-PP
Mr. NNP B-NP
Maynard NNP I-NP
, , O
another DT B-NP
branch NN I-NP
of IN B-PP
the DT B-NP
USDA NNP I-NP
, , O
the DT B-NP
Agricultural NNP I-NP
Marketing NNP I-NP
Service NNP I-NP
, , O
was VBD B-VP
in IN B-PP
charge NN B-NP
of IN B-PP
eggs NNS B-NP
. . O

After IN B-PP
receiving VBG B-VP
complaints NNS B-NP
from IN B-PP
egg NN B-NP
producers NNS I-NP
, , O
this DT B-NP
branch NN I-NP
got VBD B-VP
the DT B-NP
other JJ I-NP
branch NN I-NP
to TO B-VP
rescind VB I-VP
its PRP$ B-NP
approval NN I-NP
, , O
thus RB B-ADVP
limiting VBG B-VP
the DT B-NP
machine NN I-NP
's POS B-NP
potential JJ I-NP
market NN I-NP
to TO B-PP
bakeries NNS B-NP
and CC O
restaurants NNS B-NP
and CC O
other JJ B-NP
establishments NNS I-NP
that WDT B-NP
are VBP B-VP
n't RB I-VP
regulated VBN I-VP
by IN B-PP
the DT B-NP
USDA NNP I-NP
. . O

The DT B-NP
egg NN I-NP
producers NNS I-NP
also RB B-ADVP
lobbied VBD B-VP
the DT B-NP
Food NNP I-NP
and CC I-NP
Drug NNP I-NP
Administration NNP I-NP
. . O

But CC O
the DT B-NP
FDA NNP I-NP
in IN B-PP
a DT B-NP
1985 CD I-NP
letter NN I-NP
to TO B-PP
the DT B-NP
United NNP I-NP
Egg NNP I-NP
Producers NNS I-NP
said VBD B-VP
that IN B-SBAR
there EX B-NP
was VBD B-VP
`` `` O
little JJ B-NP
likelihood NN I-NP
'' '' O
of IN B-PP
a DT B-NP
health NN I-NP
problem NN I-NP
as RB B-ADVP
long RB I-ADVP
as IN B-SBAR
instructions NNS B-NP
were VBD B-VP
followed VBN I-VP
. . O

So RB O
the DT B-NP
producers NNS I-NP
went VBD B-VP
to TO B-PP
Capitol NNP B-NP
Hill NNP I-NP
, , O
where WRB B-ADVP
a DT B-NP
congressman NN I-NP
from IN B-PP
Georgia NNP B-NP
introduced VBD B-VP
a DT B-NP
measure NN I-NP
to TO B-VP
ban VB I-VP
centrifugal JJ B-NP
egg-breaking NN I-NP
machines NNS I-NP
. . O

Mr. NNP B-NP
Maynard NNP I-NP
, , O
whose WP$ B-NP
company NN I-NP
at IN B-PP
the DT B-NP
time NN I-NP
was VBD B-VP
based VBN I-VP
in IN B-PP
Santa NNP B-NP
Ana NNP I-NP
, , O
Calif. NNP B-NP
, , O
enlisted VBD B-VP
his PRP$ B-NP
local JJ I-NP
congressman NN I-NP
, , O
and CC O
the DT B-NP
battle NN I-NP
was VBD B-VP
joined VBN I-VP
. . O

Mr. NNP B-NP
Maynard NNP I-NP
's POS B-NP
forces NNS I-NP
finally RB B-ADVP
defeated VBN B-VP
the DT B-NP
measure NN I-NP
, , O
though IN B-SBAR
it PRP B-NP
took VBD B-VP
a DT B-NP
vote NN I-NP
on IN B-PP
the DT B-NP
floor NN I-NP
of IN B-PP
the DT B-NP
House NNP I-NP
of IN B-PP
Representatives NNPS B-NP
to TO B-VP
do VB I-VP
it PRP B-NP
. . O

Even RB B-ADVP
then RB I-ADVP
, , O
opponents NNS B-NP
managed VBD B-VP
to TO I-VP
get VB I-VP
a DT B-NP
congressional JJ I-NP
hearing NN I-NP
to TO B-VP
examine VB I-VP
what WP B-NP
one CD B-NP
congressman NN I-NP
called VBD B-VP
an DT B-NP
`` `` I-NP
unscrupulous JJ I-NP
'' '' I-NP
method NN I-NP
for IN B-PP
breaking VBG B-VP
eggs NNS B-NP
. . O

Foiled VBN B-VP
in IN B-PP
their PRP$ B-NP
effort NN I-NP
to TO B-VP
get VB I-VP
a DT B-NP
national JJ I-NP
ban NN I-NP
, , O
the DT B-NP
egg NN I-NP
producers NNS I-NP
turned VBD B-VP
their PRP$ B-NP
attention NN I-NP
to TO B-PP
the DT B-NP
states NNS I-NP
. . O

So RB B-ADVP
far RB I-ADVP
, , O
New NNP B-NP
York NNP I-NP
, , O
New NNP B-NP
Jersey NNP I-NP
, , O
Nebraska NNP B-NP
, , O
Georgia NNP B-NP
, , O
Michigan NNP B-NP
and CC O
Minnesota NNP B-NP
have VBP B-VP
outlawed VBN I-VP
Mr. NNP B-NP
Maynard NNP I-NP
's POS B-NP
device NN I-NP
, , O
citing VBG B-VP
health NN B-NP
concerns NNS I-NP
. . O

An DT B-NP
antitrust JJ I-NP
suit NN I-NP
that IN B-NP
Mr. NNP B-NP
Maynard NNP I-NP
's POS B-NP
company NN I-NP
filed VBN B-VP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
federal JJ I-NP
court NN I-NP
against IN B-PP
the DT B-NP
United NNP I-NP
Egg NNP I-NP
Producers NNS I-NP
and CC O
others NNS B-NP
only RB B-ADVP
added VBD B-VP
to TO B-PP
the DT B-NP
entrepreneur NN I-NP
's POS B-NP
woes NNS I-NP
. . O

The DT B-NP
judge NN I-NP
dismissed VBD B-VP
the DT B-NP
suit NN I-NP
and CC O
ordered VBD B-VP
Mr. NNP B-NP
Maynard NNP I-NP
's POS B-NP
company NN I-NP
to TO B-VP
pay VB I-VP
over IN B-NP
$ $ I-NP
100,000 CD I-NP
in IN B-PP
legal JJ B-NP
fees NNS I-NP
to TO B-PP
the DT B-NP
defendants NNS I-NP
' POS B-NP
lawyers NNS I-NP
. . O

Mr. NNP B-NP
Maynard NNP I-NP
says VBZ B-VP
the DT B-NP
ruling NN I-NP
pushed VBD B-VP
his PRP$ B-NP
company NN I-NP
into IN B-PP
bankruptcy NN B-NP
court NN I-NP
. . O

Now RB B-ADVP
he PRP B-NP
has VBZ B-VP
moved VBN I-VP
to TO B-PP
Oklahoma NNP B-NP
where WRB B-ADVP
costs NNS B-NP
are VBP B-VP
lower JJR B-ADJP
, , O
and CC O
started VBD B-VP
a DT B-NP
new JJ I-NP
company NN I-NP
, , O
Adsi NNP B-NP
Inc. NNP I-NP
, , O
to TO B-VP
market VB I-VP
his PRP$ B-NP
machine NN I-NP
. . O

But CC O
, , O
so RB B-ADVP
far RB I-ADVP
, , O
the DT B-NP
change NN I-NP
of IN B-PP
scenery NN B-NP
has VBZ B-VP
n't RB I-VP
ended VBN I-VP
his PRP$ B-NP
string NN I-NP
of IN B-PP
bad JJ B-NP
breaks NNS I-NP
. . O

Mr. NNP B-NP
Maynard NNP I-NP
recently RB B-ADVP
fell VBD B-VP
from IN B-PP
a DT B-NP
horse NN I-NP
and CC O
fractured VBN B-VP
his PRP$ B-NP
arm NN I-NP
. . O

Michelle NNP B-NP
Pfeiffer NNP I-NP
ca MD B-VP
n't RB I-VP
chew VB I-VP
gum NN B-NP
and CC O
sing VB B-VP
at IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
. . O

But CC O
on IN B-PP
the DT B-NP
evidence NN I-NP
of IN B-PP
`` `` O
The DT B-NP
Fabulous NNP I-NP
Baker NNP I-NP
Boys NNPS I-NP
, , O
'' '' O
that WDT B-NP
may MD B-VP
be VB I-VP
the DT B-NP
only JJ I-NP
thing NN I-NP
she PRP B-NP
ca MD B-VP
n't RB I-VP
do VB I-VP
, , O
at IN B-ADVP
least JJS I-ADVP
when WRB B-ADVP
she PRP B-NP
's VBZ B-VP
acting VBG I-VP
in IN B-PP
movies NNS B-NP
. . O

As IN B-PP
the DT B-NP
tough JJ I-NP
, , I-NP
slinky JJ I-NP
lounge NN I-NP
chanteuse NN I-NP
in IN B-PP
`` `` O
The DT B-NP
Fabulous NNP I-NP
Baker NNP I-NP
Boys NNPS I-NP
, , O
'' '' O
Ms. NNP B-NP
Pfeiffer NNP I-NP
sings VBZ B-VP
for IN B-PP
herself PRP B-NP
, , O
and CC O
more JJR B-ADVP
than IN I-ADVP
passably RB I-ADVP
well RB I-ADVP
. . O

Her PRP$ B-NP
Susie NNP I-NP
Diamond NNP I-NP
handles VBZ B-VP
a DT B-NP
song NN I-NP
the DT B-NP
way NN I-NP
the DT B-NP
greats NNS I-NP
do VBP B-VP
, , O
like IN B-SBAR
she PRP B-NP
's VBZ B-VP
hearing VBG I-VP
the DT B-NP
way NN I-NP
it PRP B-NP
should MD B-VP
sound VB I-VP
inside IN B-PP
her PRP$ B-NP
head NN I-NP
and CC O
she PRP B-NP
's VBZ B-VP
concentrating VBG I-VP
on IN B-PP
matching VBG B-VP
that IN B-NP
internal JJ I-NP
tone NN I-NP
. . O

Yet RB O
her PRP$ B-NP
intensity NN I-NP
stops VBZ B-VP
and CC I-VP
starts VBZ I-VP
with IN B-PP
the DT B-NP
music NN I-NP
. . O

When WRB B-ADVP
she PRP B-NP
is VBZ B-VP
n't RB I-VP
performing VBG I-VP
for IN B-PP
an DT B-NP
audience NN I-NP
, , O
she PRP B-NP
prepares VBZ B-VP
for IN B-PP
a DT B-NP
song NN I-NP
by IN B-PP
removing VBG B-VP
the DT B-NP
wad NN I-NP
of IN B-PP
gum NN B-NP
from IN B-PP
her PRP$ B-NP
mouth NN I-NP
, , O
and CC O
indicates VBZ B-VP
that IN B-SBAR
she PRP B-NP
's VBZ B-VP
finished VBN I-VP
by IN B-PP
sticking VBG B-VP
the DT B-NP
gum NN I-NP
back RB B-ADVP
in RB B-PP
. . O

Like IN B-PP
almost JJ B-NP
everything NN I-NP
in IN B-PP
this DT B-NP
wonderfully RB I-NP
romantic JJ I-NP
and CC I-NP
edgy JJ I-NP
movie NN I-NP
, , O
Ms. NNP B-NP
Pfeiffer NNP I-NP
's POS B-NP
Susie NNP I-NP
seems VBZ B-VP
like IN B-PP
someone NN B-NP
you PRP B-NP
've VBP B-VP
seen VBN I-VP
before RB B-ADVP
, , O
in IN B-PP
numerous JJ B-NP
show-biz NN I-NP
stories NNS I-NP
-LRB- ( O
even RB B-NP
her PRP$ I-NP
name NN I-NP
, , O
Susie NNP B-NP
Diamond NNP I-NP
, , O
sounds VBZ B-VP
like IN B-PP
a DT B-NP
character NN I-NP
Marilyn NNP B-NP
Monroe NNP I-NP
must MD B-VP
have VB I-VP
played VBN I-VP
-RRB- ) O
. . O

Yet RB O
nothing NN B-NP
about IN B-PP
`` `` O
Baker NNP B-NP
Boys NNPS I-NP
, , O
'' '' O
and CC O
certainly RB B-ADVP
nothing NN B-NP
about IN B-PP
Ms. NNP B-NP
Pfeiffer NNP I-NP
, , O
really RB B-ADVP
is VBZ B-VP
like IN B-PP
something NN B-NP
from IN B-PP
the DT B-NP
video NN I-NP
vault NN I-NP
. . O

Steve NNP B-NP
Kloves NNP I-NP
, , O
the DT B-NP
young JJ I-NP
writer NN I-NP
and CC I-NP
director NN I-NP
-LRB- ( O
he PRP B-NP
is VBZ B-VP
n't RB O
yet RB B-ADVP
30 CD B-NP
-RRB- ) O
, , O
has VBZ B-VP
only RB B-NP
one CD I-NP
produced VBN I-NP
picture NN I-NP
to TO B-PP
his PRP$ B-NP
credit NN I-NP
; : O
he PRP B-NP
wrote VBD B-VP
the DT B-NP
screenplay NN I-NP
for IN B-PP
`` `` O
Racing NNP B-VP
With IN B-PP
the DT B-NP
Moon NNP I-NP
, , O
'' '' O
a DT B-NP
lovely JJ I-NP
coming-of-age JJ I-NP
picture NN I-NP
set VBN B-VP
in IN B-PP
the DT B-NP
'40s NNS I-NP
. . O

Both DT B-NP
movies NNS I-NP
are VBP B-VP
infused VBN I-VP
with IN B-PP
the DT B-NP
nostalgic JJ I-NP
sensibility NN I-NP
of IN B-PP
someone NN B-NP
much RB B-ADJP
older JJR I-ADJP
, , O
someone NN B-NP
who WP B-NP
does VBZ B-VP
n't RB I-VP
dismiss VB I-VP
dreams NNS B-NP
, , O
but CC O
who WP B-NP
also RB B-ADVP
has VBZ B-VP
enough JJ B-NP
experience NN I-NP
to TO B-VP
see VB I-VP
his PRP$ B-NP
limits NNS I-NP
. . O

However RB B-ADVP
, , O
Mr. NNP B-NP
Kloves NNP I-NP
directs VBZ B-VP
his PRP$ B-NP
own JJ I-NP
material NN I-NP
without IN B-PP
sentimentality NN B-NP
and CC B-PP
at IN B-PP
its PRP$ B-NP
own JJ I-NP
eccentric JJ I-NP
pace NN I-NP
; : O
`` `` O
Baker NNP B-NP
Boys NNPS I-NP
'' '' O
is VBZ B-VP
both DT B-ADJP
bluesy JJ I-ADJP
and CC I-ADJP
funny JJ I-ADJP
. . O

He PRP B-NP
's VBZ B-VP
put VBN I-VP
a DT B-NP
fresh JJ I-NP
spin NN I-NP
on IN B-PP
material NN B-NP
that WDT B-NP
could MD B-VP
come VB I-VP
off IN B-PRT
terribly RB B-ADJP
cliched JJ I-ADJP
; : O
for IN B-PP
example NN B-NP
, , O
the DT B-NP
way NN I-NP
Susie NNP B-NP
wows VBZ B-VP
an DT B-NP
audience NN I-NP
the DT B-NP
first JJ I-NP
time NN I-NP
she PRP B-NP
sings VBZ B-VP
with IN B-PP
the DT B-NP
Baker NNP I-NP
Boys NNPS I-NP
. . O

Of IN B-PP
course NN B-NP
, , O
it PRP B-NP
does VBZ B-VP
n't RB I-VP
hurt VBN I-VP
that IN B-SBAR
Mr. NNP B-NP
Kloves NNP I-NP
has VBZ B-VP
made VBN I-VP
up IN B-PRT
for IN B-PP
his PRP$ B-NP
lack NN I-NP
of IN B-PP
experience NN B-NP
behind IN B-PP
the DT B-NP
camera NN I-NP
with IN B-PP
technicians NNS B-NP
who WP B-NP
know VBP B-VP
exactly RB B-NP
what WP I-NP
they PRP B-NP
're VBP B-VP
doing VBG I-VP
. . O

Much RB B-NP
of IN B-PP
the DT B-NP
picture NN I-NP
's POS B-NP
sensuality NN I-NP
emerges VBZ B-VP
from IN B-PP
cinematographer NN B-NP
Michael NNP I-NP
Ballhaus NNP I-NP
's POS B-NP
slyly RB B-ADJP
seductive JJ I-ADJP
lens NN B-NP
work NN I-NP
. . O

After IN B-PP
working VBG B-VP
for IN B-PP
years NNS B-NP
with IN B-PP
Werner NNP B-NP
Rainer NNP I-NP
Fassbinder NNP I-NP
, , O
the DT B-NP
late JJ I-NP
German JJ I-NP
director NN I-NP
, , B-PP
and CC I-PP
more RBR B-ADVP
recently RB I-ADVP
with IN B-PP
Martin NNP B-NP
Scorsese NNP I-NP
-LRB- ( O
`` `` O
After IN B-NP
Hours NNS I-NP
, , O
'' '' O
`` `` O
The DT B-NP
Color NNP I-NP
of IN B-PP
Money NNP B-NP
, , O
'' '' O
`` `` O
The DT B-NP
Last JJ I-NP
Temptation NN I-NP
of IN B-PP
Christ NNP B-NP
'' '' O
-RRB- ) O
, , O
Mr. NNP B-NP
Ballhaus NNP I-NP
has VBZ B-VP
developed VBN I-VP
a DT B-NP
distinctively RB I-NP
fluid NN I-NP
style NN I-NP
. . O

And CC O
Dave NNP B-NP
Grusin NNP I-NP
's POS B-NP
witty JJ I-NP
score NN I-NP
embraces VBZ B-VP
the DT B-NP
banal JJ I-NP
requirements NNS I-NP
of IN B-PP
banquet-hall NN B-NP
musicianship NN I-NP
-LRB- ( O
`` `` O
Feelings NNS B-NP
'' '' O
is VBZ B-VP
a DT B-NP
must MD O
-RRB- ) O
without IN B-PP
condescension NN B-NP
. . O

Though IN B-SBAR
Ms. NNP B-NP
Pfeiffer NNP I-NP
has VBZ B-VP
the DT B-NP
flashy JJ I-NP
part NN I-NP
-- : O
she PRP B-NP
gets VBZ B-VP
the DT B-NP
best JJS I-NP
comic JJ I-NP
bits NNS I-NP
and CC O
to TO B-VP
wear VB I-VP
glamorous JJ B-NP
dresses NNS I-NP
and CC O
spiked JJ B-NP
heels NNS I-NP
the DT B-NP
boys NNS I-NP
are VBP B-VP
pretty RB B-ADJP
great JJ I-ADJP
, , O
too RB B-ADVP
. . O

What WP B-NP
seemed VBD B-VP
like IN B-PP
a DT B-NP
good JJ I-NP
idea NN I-NP
, , O
to TO B-VP
cast VB I-VP
the DT B-NP
Bridges NNP I-NP
brothers NNS I-NP
-LRB- ( O
Jeff NNP B-NP
and CC I-NP
Beau NNP I-NP
-RRB- ) O
as IN B-PP
the DT B-NP
Baker NNP I-NP
brothers NNS I-NP
, , O
actually RB B-ADVP
turned VBD B-VP
out IN B-PRT
to TO B-VP
be VB I-VP
a DT B-NP
good JJ I-NP
idea NN I-NP
. . O

Anyone NN B-NP
who WP B-NP
's VBZ B-VP
tried VBD I-VP
to TO I-VP
appear VB I-VP
`` `` O
natural JJ B-ADJP
'' '' O
in IN B-PP
front NN B-NP
of IN B-PP
a DT B-NP
camera NN I-NP
knows VBZ B-VP
that IN B-SBAR
it PRP B-NP
's VBZ B-VP
much RB B-ADJP
more RBR I-ADJP
natural JJ I-ADJP
to TO B-VP
end VB I-VP
up IN B-ADVP
looking VBG B-VP
like IN B-PP
a DT B-NP
stiff NN I-NP
. . O

So RB O
it PRP B-NP
's VBZ B-VP
quite RB B-ADJP
possible JJ I-ADJP
that IN B-SBAR
the DT B-NP
terrific JJ I-NP
play NN I-NP
between IN B-PP
the DT B-NP
brothers NNS I-NP
is VBZ B-VP
n't RB O
natural JJ B-ADJP
at IN B-ADVP
all DT I-ADVP
, , O
that IN B-SBAR
Jeff NNP B-NP
and CC I-NP
Beau NNP I-NP
had VBD B-VP
to TO I-VP
work VB I-VP
like IN B-PP
crazy JJ B-ADJP
to TO B-VP
make VB I-VP
their PRP$ B-NP
brotherly JJ I-NP
love NN I-NP
-- : O
and CC O
resentment NN B-NP
and CC I-NP
frustration NN I-NP
and CC I-NP
rage NN I-NP
-- : O
seem VB B-VP
so RB B-ADJP
very RB I-ADJP
real JJ I-ADJP
. . O

When WRB B-ADVP
the DT B-NP
movie NN I-NP
opens VBZ B-VP
the DT B-NP
Baker NNP I-NP
brothers NNS I-NP
are VBP B-VP
doing VBG I-VP
what WP B-NP
they PRP B-NP
've VBP B-VP
done VBN I-VP
for IN B-PP
15 CD B-NP
years NNS I-NP
professionally RB B-ADVP
, , O
and CC O
twice RB B-ADVP
as RB I-ADVP
long RB I-ADVP
as IN B-PP
that DT B-NP
for IN B-PP
themselves PRP B-NP
: : O
They PRP B-NP
're VBP B-VP
playing VBG I-VP
proficient JJ B-NP
piano NN I-NP
, , O
face-to-face JJ B-ADVP
, , O
on IN B-PP
twin JJ B-NP
pianos NNS I-NP
. . O

They PRP B-NP
're VBP B-VP
small JJ B-NP
time NN I-NP
in IN B-PP
the DT B-NP
small JJ I-NP
time-hotels NNS I-NP
-LRB- ( O
not RB O
the DT B-NP
best JJS I-NP
ones NNS I-NP
-RRB- ) O
and CC O
restaurants NNS B-NP
in IN B-PP
Seattle NNP B-NP
. . O

Yet RB O
they PRP B-NP
do VBP B-VP
n't RB I-VP
disparage VB I-VP
their PRP$ B-NP
audiences NNS I-NP
by IN B-PP
disparaging VBG B-VP
their PRP$ B-NP
act NN I-NP
. . O

They PRP B-NP
wear VBP B-VP
tuxedos NNS B-NP
most RBS B-NP
nights NNS I-NP
, , O
unless IN B-SBAR
circumstances NNS B-NP
-LRB- ( O
a DT B-NP
regular JJ I-NP
gig NN I-NP
at IN B-PP
a DT B-NP
`` `` I-NP
tropical JJ I-NP
'' '' I-NP
lounge NN I-NP
, , O
for IN B-PP
example NN B-NP
-RRB- ) O
require VB B-VP
them PRP B-NP
to TO B-VP
wear VB I-VP
special JJ B-NP
costumes NNS I-NP
, , O
like IN B-PP
Hawaiian NNP B-NP
shirts NNS I-NP
. . O

Plump JJ B-NP
Beau NNP I-NP
, , O
looking VBG B-VP
eager JJ B-ADJP
to TO B-VP
please VB I-VP
with IN B-PP
his PRP$ B-NP
arched JJ I-NP
eyebrows NNS I-NP
and CC I-NP
round NN I-NP
face NN I-NP
, , O
plays VBZ B-VP
the DT B-NP
older JJR I-NP
brother NN I-NP
, , O
Frank NNP B-NP
. . O

Frank NNP B-NP
plans VBZ B-VP
the DT B-NP
program NN I-NP
, , O
takes VBZ B-VP
care NN B-NP
of IN B-PP
business NN B-NP
, , O
and CC O
approaches VBZ B-VP
the DT B-NP
work NN I-NP
like IN B-PP
any DT B-NP
other JJ I-NP
job NN I-NP
. . O

He PRP B-NP
's VBZ B-VP
even RB B-ADVP
able JJ B-ADJP
to TO B-VP
think VB I-VP
of IN B-PP
a DT B-NP
job NN I-NP
that WDT B-NP
takes VBZ B-VP
him PRP B-NP
out IN B-ADVP
of IN B-PP
the DT B-NP
house NN I-NP
300 CD B-NP
nights NNS I-NP
a DT B-NP
week NN I-NP
as IN B-PP
an DT B-NP
ordinary JJ I-NP
job NN I-NP
. . O

He PRP B-NP
's VBZ B-VP
got VBD I-VP
a DT B-NP
wife NN I-NP
and CC O
two CD B-NP
kids NNS I-NP
and CC O
a DT B-NP
house NN I-NP
in IN B-PP
the DT B-NP
suburbs NNS I-NP
; : O
the DT B-NP
audience NN I-NP
sees VBZ B-VP
only RB B-NP
the DT I-NP
house NN I-NP
, , O
and CC O
only RB B-ADVP
near IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
movie NN I-NP
. . O

Frank NNP B-NP
grovels VBZ B-VP
a DT B-NP
little JJ I-NP
for IN B-PP
the DT B-NP
bookers NNS I-NP
, , O
probably RB B-ADVP
no DT I-ADVP
more JJR I-ADVP
or CC I-ADVP
less JJR I-ADVP
than IN B-SBAR
he PRP B-NP
would MD B-VP
have VB I-VP
to TO I-VP
if IN B-SBAR
he PRP B-NP
worked VBD B-VP
for IN B-PP
a DT B-NP
big JJ I-NP
corporation NN I-NP
. . O

On IN B-PP
his PRP$ B-NP
off-hours JJ I-NP
he PRP B-NP
wears VBZ B-VP
cardigan NN B-NP
sweaters NNS I-NP
. . O

Jeff NNP B-NP
Bridges NNP I-NP
is VBZ B-VP
the DT B-NP
younger JJR I-NP
brother NN I-NP
, , O
Jack NNP B-NP
, , O
who WP B-NP
fancies VBZ B-VP
himself PRP B-NP
the DT B-NP
rebellious JJ I-NP
artist NN I-NP
; : O
he PRP B-NP
lives VBZ B-VP
in IN B-PP
a DT B-NP
loft NN I-NP
with IN B-PP
his PRP$ B-NP
sick JJ I-NP
dog NN I-NP
and CC O
the DT B-NP
occasional JJ I-NP
visit NN I-NP
from IN B-PP
the DT B-NP
little JJ I-NP
girl NN I-NP
upstairs NN B-NP
, , O
who WP B-NP
climbs VBZ B-VP
down RP B-PP
the DT B-NP
fire NN I-NP
escape NN I-NP
. . O

Yet RB O
Jack NNP B-NP
's POS B-VP
the DT B-NP
one CD I-NP
who WP B-NP
can MD B-VP
remember VB I-VP
every DT B-NP
dive NN I-NP
they PRP B-NP
ever RB B-ADVP
played VBD B-VP
, , O
and CC O
when WRB B-ADVP
, , O
and CC O
he PRP B-NP
dutifully RB B-VP
shows VBZ I-VP
up IN B-PRT
for IN B-PP
work NN B-NP
night NN B-NP
after IN B-PP
night NN B-NP
-LRB- ( O
he PRP B-NP
consoles VBZ B-VP
himself PRP B-NP
with IN B-PP
booze NN B-NP
and CC B-PP
by IN B-PP
showing VBG B-VP
up IN B-PRT
at IN B-PP
the DT B-NP
last JJ I-NP
minute NN I-NP
-RRB- ) O
. . O

Looking VBG B-VP
leaner JJR B-ADJP
than IN B-SBAR
he PRP B-NP
has VBZ B-VP
in IN B-PP
a DT B-NP
while NN I-NP
, , O
the DT O
younger JJR B-NP
Mr. NNP I-NP
Bridges NNP I-NP
's POS B-NP
Jack NNP I-NP
is VBZ B-VP
sexy JJ B-ADJP
and CC I-ADJP
cynical JJ I-ADJP
and CC O
a DT B-NP
far RB I-NP
sadder JJR I-NP
case NN I-NP
than IN B-PP
Frank NNP B-NP
, , O
who WP B-NP
's VBZ B-VP
managed VBD I-VP
to TO I-VP
chisel VB I-VP
his PRP$ B-NP
dreams NNS I-NP
to TO B-VP
fit VB I-VP
reality NN B-NP
without IN B-PP
feeling NN B-VP
too RB B-ADJP
cheated VBD I-ADJP
. . O

He PRP B-NP
can MD B-VP
live VB I-VP
with IN B-PP
little JJ B-NP
pleasures NNS I-NP
. . O

Mr. NNP B-NP
Kloves NNP I-NP
has VBZ B-VP
put VBN I-VP
together RB B-ADVP
some DT B-NP
priceless JJ I-NP
moments NNS I-NP
. . O

These DT B-NP
include VBP B-VP
Jennifer NNP B-NP
Tilly NNP I-NP
's POS B-NP
audition NN I-NP
to TO B-VP
be VB I-VP
the DT B-NP
Baker NNP I-NP
Boys NNPS I-NP
' POS B-NP
girl NN I-NP
singer NN I-NP
. . O

Ms. NNP B-NP
Tilly NNP I-NP
of IN B-PP
the DT B-NP
tweety-bird JJ I-NP
voice NN I-NP
showed VBD B-VP
great JJ B-NP
comic JJ I-NP
promise NN I-NP
during IN B-PP
her PRP$ B-NP
stint NN I-NP
as IN B-PP
the DT B-NP
mobster NN I-NP
's POS B-NP
girlfriend NN I-NP
on IN B-PP
the DT B-NP
television NN I-NP
show NN I-NP
, , O
`` `` O
Hill NNP B-NP
Street NNP I-NP
Blues NNPS I-NP
. . O
'' '' O

Here RB B-ADVP
she PRP B-NP
delivers VBZ B-VP
, , O
especially RB B-ADVP
during IN B-PP
her PRP$ B-NP
enthusiastically RB I-NP
awful JJ I-NP
rendition NN I-NP
of IN B-PP
the DT B-NP
`` `` I-NP
Candy NN I-NP
Man NN I-NP
, , O
'' '' O
which WDT B-NP
she PRP B-NP
sings VBZ B-VP
while IN B-SBAR
prancing NN B-VP
around IN B-ADVP
in IN B-PP
a DT B-NP
little JJ I-NP
cotton NN I-NP
candy NN I-NP
pink JJ I-NP
angora NN I-NP
sweater NN I-NP
that WDT B-NP
could MD B-VP
n't RB I-VP
be VB I-VP
more RBR B-ADJP
perfect JJ I-ADJP
. . O

-LRB- ( O
It PRP B-NP
matches VBZ B-VP
her PRP$ B-NP
voice NN I-NP
. . O
-RRB- ) O

And CC O
Ms. NNP B-NP
Pfeiffer NNP I-NP
's POS B-NP
particular JJ I-NP
version NN I-NP
of IN B-PP
`` `` O
Making VBG B-VP
Whoopee NN B-NP
'' '' O
-- : O
and CC O
the DT B-NP
way NN I-NP
Mr. NNP B-NP
Ballhaus NNP I-NP
photographs VBZ B-VP
her PRP$ B-NP
, , O
from IN B-PP
the DT B-NP
tips NNS I-NP
of IN B-PP
her PRP$ B-NP
red JJ I-NP
high JJ I-NP
heels NNS I-NP
right NN B-ADVP
up IN B-PP
her PRP$ B-NP
clingy JJ I-NP
red JJ I-NP
velvet NN I-NP
dress NN I-NP
-- : O
might MD B-VP
make VB I-VP
you PRP B-NP
think VB B-VP
of IN B-PP
Marilyn NNP B-NP
Monroe NNP I-NP
if IN B-SBAR
Ms. NNP B-NP
Pfeiffer NNP I-NP
had VBD B-VP
n't RB I-VP
gone VBN I-VP
and CC O
become VB B-VP
a DT B-NP
star NN I-NP
in IN B-PP
her PRP$ B-NP
own JJ I-NP
right NN I-NP
. . O

VIDEO NN B-NP
TIP NN I-NP
: : O

If IN B-SBAR
you PRP B-NP
'd MD B-VP
like VB I-VP
to TO I-VP
see VB I-VP
the DT B-NP
first JJ I-NP
time NN I-NP
Michelle NNP B-NP
Pfeiffer NNP I-NP
sang VBD B-VP
on IN B-PP
screen NN B-NP
, , O
and CC O
you PRP B-NP
have VBP B-VP
a DT B-NP
lot NN I-NP
of IN B-PP
patience NN B-NP
, , O
take VB B-VP
a DT B-NP
look NN I-NP
at IN B-PP
`` `` O
Grease NN B-NP
2 CD I-NP
. . O
'' '' O

You PRP B-NP
'll MD B-VP
find VB I-VP
her PRP$ B-NP
there RB B-ADVP
. . O

Better NNP B-ADVP
yet RB I-ADVP
, , O
check NN B-VP
out IN B-PRT
the IN B-NP
emergence NN I-NP
of IN B-PP
her PRP$ B-NP
comic JJ I-NP
persona NN I-NP
in IN B-PP
`` `` O
Married VBN B-VP
to TO B-PP
the DT B-NP
Mob NN I-NP
, , O
'' '' O
Jonathan NNP B-NP
Demme NNP I-NP
's POS B-NP
delightful JJ I-NP
Mafia NNP I-NP
comedy NN I-NP
. . O

International NNP B-NP
Proteins NNPS I-NP
Corp. NNP I-NP
definitively RB B-VP
agreed VBD I-VP
to TO I-VP
pay VB I-VP
$ $ B-NP
49 CD I-NP
million CD I-NP
and CC O
2,850,000 CD B-NP
of IN B-PP
its PRP$ B-NP
shares NNS I-NP
for IN B-PP
Hanson NNP B-NP
PLC NNP I-NP
's POS B-NP
Ground NNP I-NP
Round NNP I-NP
restaurant NN I-NP
subsidiary NN I-NP
. . O

Shareholders NNS B-NP
of IN B-PP
International NNP B-NP
Proteins NNPS I-NP
, , O
a DT B-NP
food NN I-NP
and CC I-NP
agriproducts NNS I-NP
company NN I-NP
, , O
will MD B-VP
vote VB I-VP
on IN B-PP
the DT B-NP
transaction NN I-NP
at IN B-PP
a DT B-NP
meeting NN I-NP
late JJ B-NP
next JJ I-NP
month NN I-NP
. . O

Hanson NNP B-NP
is VBZ B-VP
a DT B-NP
London NNP I-NP
producer NN I-NP
of IN B-PP
consumer NN B-NP
and CC I-NP
other JJ I-NP
goods NNS I-NP
. . O

International NNP B-NP
Proteins NNPS I-NP
shares NNS I-NP
did VBD B-VP
n't RB I-VP
trade VB I-VP
yesterday NN B-NP
on IN B-PP
the DT B-NP
American NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

They PRP B-NP
closed VBD B-VP
Tuesday NNP B-NP
in IN B-PP
composite JJ B-NP
trading NN I-NP
at IN B-PP
$ $ B-NP
13.625 CD I-NP
, , O
down RB B-ADVP
37.5 CD B-NP
cents NNS I-NP
, , O
giving VBG B-VP
the DT B-NP
stock NN I-NP
portion NN I-NP
of IN B-PP
the DT B-NP
transaction NN I-NP
an DT B-NP
indicated VBN I-NP
value NN I-NP
of IN B-PP
$ $ B-NP
38.8 CD I-NP
million CD I-NP
. . O

Control NNP B-NP
Data NNP I-NP
Corp. NNP I-NP
agreed VBD B-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
idle JJ I-NP
supercomputer NN I-NP
manufacturing NN I-NP
plant NN I-NP
here RB B-ADVP
to TO B-PP
Minnesota NNP B-NP
Mining NNP I-NP
& CC I-NP
Manufacturing NNP I-NP
Co. NNP I-NP
for IN B-PP
$ $ B-NP
5.8 CD I-NP
million CD I-NP
. . O

The DT B-NP
tentative JJ I-NP
agreement NN I-NP
calls VBZ B-VP
for IN B-SBAR
3M CD B-NP
to TO B-VP
use VB I-VP
the DT B-NP
115,000-square-foot JJ I-NP
plant NN I-NP
and CC O
19 CD B-NP
acres NNS I-NP
of IN B-PP
land NN B-NP
for IN B-PP
research NN B-NP
laboratories NNS I-NP
. . O

Control NNP B-NP
Data NNP I-NP
has VBZ B-VP
been VBN I-VP
seeking VBG I-VP
a DT B-NP
buyer NN I-NP
for IN B-PP
the DT B-NP
facility NN I-NP
since IN B-SBAR
it PRP B-NP
folded VBD B-VP
its PRP$ B-NP
ETA NNP I-NP
Systems NNP I-NP
Inc. NNP I-NP
supercomputer NN I-NP
unit NN I-NP
this DT B-NP
past JJ I-NP
April NNP I-NP
. . O

General NNP B-NP
Dynamics NNP I-NP
Corp. NNP I-NP
was VBD B-VP
awarded VBN I-VP
contracts NNS B-NP
totaling VBG B-VP
$ $ B-NP
589 CD I-NP
million CD I-NP
for IN B-PP
one CD B-NP
Navy NNP I-NP
Trident NNP I-NP
submarine NN I-NP
and CC B-PP
for IN B-PP
Air NNP B-NP
Force NNP I-NP
research NN I-NP
on IN B-PP
the DT B-NP
National NNP I-NP
Aerospace NNP I-NP
plane NN I-NP
. . O

Grumman NNP B-NP
Corp. NNP I-NP
won VBD B-VP
a DT B-NP
$ $ I-NP
58.9 CD I-NP
million CD I-NP
Navy NNP I-NP
contract NN I-NP
for IN B-PP
12 CD B-NP
F-14 NN I-NP
aircraft NN I-NP
. . O

Raytheon NNP B-NP
Co. NNP I-NP
was VBD B-VP
issued VBN I-VP
a DT B-NP
$ $ I-NP
19.2 CD I-NP
million CD I-NP
Air NNP I-NP
Force NNP I-NP
contract NN I-NP
for IN B-PP
support NN B-NP
of IN B-PP
the DT B-NP
Milstar NNP I-NP
communications NNS I-NP
satellite NN I-NP
. . O

McDonnell NNP B-NP
Douglas NNP I-NP
Corp. NNP I-NP
got VBD B-VP
a DT B-NP
$ $ I-NP
12.5 CD I-NP
million CD I-NP
Air NNP I-NP
Force NNP I-NP
contract NN I-NP
for IN B-PP
support NN B-NP
work NN I-NP
on IN B-PP
the DT B-NP
National NNP I-NP
Aerospace NNP I-NP
plane NN I-NP
. . O

Denis NNP B-NP
C. NNP I-NP
Smith NNP I-NP
was VBD B-VP
named VBN I-VP
to TO B-PP
the DT B-NP
new JJ I-NP
post NN I-NP
of IN B-PP
vice NN B-NP
president NN I-NP
of IN B-PP
world-wide JJ B-NP
advanced VBD I-NP
materials NNS I-NP
operations NNS I-NP
for IN B-PP
this DT B-NP
chemicals NNS I-NP
concern VBP I-NP
. . O

Mr. NNP B-NP
Smith NNP I-NP
, , O
50 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
was VBD B-VP
formerly RB B-ADVP
responsible JJ B-ADJP
for IN B-PP
advanced VBN B-NP
materials NNS I-NP
, , O
which WDT B-NP
include VBP B-VP
plastic NN B-NP
composites NNS I-NP
and CC O
alloys NNS B-NP
, , O
in IN B-PP
North NNP B-NP
America NNP I-NP
only RB B-ADVP
. . O

Himont NNP B-NP
is VBZ B-VP
81%-owned JJ B-ADJP
by IN B-PP
Montedison NNP B-NP
S.p NNP I-NP
. . I-NP
A. NNP I-NP
of IN B-PP
Milan NNP B-NP
, , O
Italy NNP B-NP
. . O

Galveston-Houston NNP B-NP
Co. NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
redeem VB I-VP
all DT B-NP
3,950 CD I-NP
shares NNS I-NP
of IN B-PP
its PRP$ B-NP
privately RB I-NP
held VBN I-NP
6.5 CD I-NP
% NN I-NP
convertible JJ I-NP
Series NNP I-NP
C NN I-NP
preferred JJ I-NP
stock NN I-NP
Nov. NNP B-NP
8 CD I-NP
. . O

Holders NNS B-NP
can MD B-VP
either DT I-VP
convert NN I-VP
each DT B-NP
share NN I-NP
into IN B-PP
421 CD B-NP
shares NNS I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
common JJ I-NP
stock NN I-NP
, , O
or CC O
surrender VB B-VP
their PRP$ B-NP
shares NNS I-NP
at IN B-PP
the DT B-NP
per-share JJ I-NP
price NN I-NP
of IN B-PP
$ $ B-NP
1,000 CD I-NP
, , O
plus CC O
accumulated VBD B-NP
dividends NNS I-NP
of IN B-PP
$ $ B-NP
6.71 CD I-NP
a DT B-NP
share NN I-NP
. . O

Galveston-Houston NNP B-NP
makes VBZ B-VP
and CC I-VP
markets NNS I-VP
products NNS B-NP
for IN B-PP
the DT B-NP
construction NN I-NP
, , I-NP
mining NN I-NP
and CC I-NP
energy NN I-NP
industries NNS I-NP
. . O

Bank NNP B-NP
Building NNP I-NP
& CC I-NP
Equipment NNP I-NP
Corp. NNP I-NP
of IN B-PP
America NNP B-NP
, , O
which WDT B-NP
previously RB B-ADVP
said VBD B-VP
accounting NN B-NP
discrepancies NNS I-NP
its PRP$ B-NP
auditors NNS I-NP
uncovered VBN B-VP
would MD B-VP
hurt VB I-VP
earnings NNS B-NP
and CC O
require VB B-VP
restatement NN B-NP
of IN B-PP
earlier JJR B-NP
results NNS I-NP
, , O
increased VBD B-VP
its PRP$ B-NP
projections NNS I-NP
of IN B-PP
the DT B-NP
negative JJ I-NP
fiscal JJ I-NP
impact NN I-NP
, , O
and CC O
said VBD B-VP
it PRP B-NP
was VBD B-VP
exploring VBG I-VP
the DT B-NP
company NN I-NP
's POS B-NP
sale NN I-NP
. . O

Bank NNP B-NP
Building NNP I-NP
, , O
which WDT B-NP
builds VBZ B-VP
and CC I-VP
equips VBZ I-VP
banks NNS B-NP
, , O
had VBN B-VP
announced VBD I-VP
it PRP B-NP
would MD B-VP
restate VB I-VP
the DT B-NP
first-three JJ I-NP
quarters NNS I-NP
of IN B-PP
this DT B-NP
fiscal JJ I-NP
year NN I-NP
, , O
which WDT B-NP
ends VBZ B-VP
Oct. NNP B-NP
31 CD I-NP
. . O

On IN B-PP
Oct. NNP B-NP
5 NN I-NP
, , O
the DT B-NP
company NN I-NP
estimated VBD B-VP
after-tax JJ B-NP
effects NNS I-NP
on IN B-PP
the DT B-NP
year NN I-NP
's POS B-NP
earnings NNS I-NP
would MD B-VP
be VB I-VP
`` `` B-NP
at IN I-NP
least JJS I-NP
'' '' I-NP
$ $ I-NP
1.3 CD I-NP
million CD I-NP
. . O

Yesterday NN B-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
negative JJ I-NP
after-tax JJ I-NP
effect NN I-NP
on IN B-PP
earnings NNS B-NP
for IN B-PP
the DT B-NP
year NN I-NP
will MD B-VP
be VB I-VP
about RB B-NP
$ $ I-NP
3.3 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
ended VBD B-VP
July NNP B-NP
31 CD I-NP
, , O
Bank NNP B-NP
Building NNP I-NP
had VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
million CD I-NP
, , O
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
66.5 CD I-NP
million CD I-NP
. . O

Bank NNP B-NP
Building NNP I-NP
, , O
which WDT B-NP
expects VBZ B-VP
to TO I-VP
report VB I-VP
a DT B-NP
fourth-quarter JJ I-NP
loss NN I-NP
, , O
said VBD B-VP
it PRP B-NP
engaged VBD B-VP
advisers NNS B-NP
to TO B-VP
`` `` O
explore VB B-VP
financial JJ B-NP
alternatives NNS I-NP
for IN B-PP
the DT B-NP
company NN I-NP
including VBG B-PP
the DT B-NP
possible JJ I-NP
sale NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
or CC O
one CD B-NP
or CC I-NP
more JJR I-NP
of IN B-PP
its PRP$ B-NP
units NNS I-NP
. . O
'' '' O

Company NN B-NP
auditors NNS I-NP
are VBP B-VP
continuing VBG I-VP
their PRP$ B-NP
review NN I-NP
, , O
and CC O
final JJ B-NP
restated VBN I-NP
figures NNS I-NP
are VBP B-VP
n't RB O
yet RB B-ADVP
available JJ B-ADJP
. . O

Bank NNP B-NP
Building NNP I-NP
earlier RBR B-ADVP
said VBD B-VP
the DT B-NP
restatement NN I-NP
is VBZ B-VP
necessitated VBN I-VP
by IN B-PP
`` `` O
certain JJ B-NP
errors NNS I-NP
in IN B-PP
recording NN B-VP
receivables NN B-NP
and CC I-NP
payables NNS I-NP
'' '' O
at IN B-PP
its PRP$ B-NP
Loughman NNP I-NP
Cabinet NNP I-NP
division NN I-NP
. . O

That DT B-NP
division NN I-NP
's POS B-NP
manager NN I-NP
has VBZ B-VP
been VBN I-VP
fired VBN I-VP
. . O

In IN B-PP
American NNP B-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Bank NNP B-NP
Building NNP I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
4 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
62.5 CD B-NP
cents NNS I-NP
. . O

Gen. NNP B-NP
Paul NNP I-NP
X. NNP I-NP
Kelley NNP I-NP
, , O
retired VBN B-NP
commandant NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
Marine NNP I-NP
Corps NNP I-NP
, , O
was VBD B-VP
elected VBN I-VP
a DT B-NP
director NN I-NP
of IN B-PP
this DT B-NP
plastics NNS I-NP
, , I-NP
specialty NN I-NP
materials NNS I-NP
and CC I-NP
aerospace NN I-NP
concern NN I-NP
, , O
succeeding VBG B-VP
Jewel NNP B-NP
Lafontant NNP I-NP
, , O
who WP B-NP
resigned VBD B-VP
to TO B-VP
accept VB I-VP
a DT B-NP
government NN I-NP
position NN I-NP
. . O

Rep. NNP B-NP
Mary NNP I-NP
Rose NNP I-NP
Oakar NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Ohio NNP B-NP
-RRB- ) O
at IN B-PP
last JJ B-NP
week NN I-NP
's POS B-NP
hearings NNS I-NP
on IN B-PP
irregularities NNS B-NP
in IN B-PP
programs NNS B-NP
at IN B-PP
the DT B-NP
Department NNP I-NP
of IN B-PP
Housing NNP B-NP
and CC I-NP
Urban NNP I-NP
Development NNP I-NP
: : O

I PRP B-NP
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
feel VB I-VP
guilty JJ B-ADJP
representing VBG B-VP
my PRP$ B-NP
constituents NNS I-NP
. . O

And CC O
if IN B-SBAR
I PRP B-NP
think VBP B-VP
that IN B-SBAR
some DT B-NP
people NNS I-NP
-LCB- ( O
on IN B-PP
HUD NNP B-NP
Secretary NNP I-NP
Jack NNP I-NP
Kemp NNP I-NP
's POS B-NP
-RCB- ) I-NP
staff NN I-NP
are VBP B-VP
off IN B-ADJP
base NN I-ADJP
in IN B-PP
terms NNS B-NP
in IN B-PP
which WDT B-NP
they PRP B-NP
're VBP B-VP
evaluating VBG I-VP
certain JJ B-NP
things NNS I-NP
affecting VBG B-VP
my PRP$ B-NP
hometown NN I-NP
, , O
I PRP B-NP
have VBP B-VP
to TO I-VP
tell VB I-VP
you PRP B-NP
something NN B-NP
-- : O
I PRP B-NP
'm VBP B-VP
not RB I-VP
going VBG I-VP
to TO I-VP
take VB I-VP
it PRP B-NP
. . O

I PRP B-NP
think VBP B-VP
that IN B-SBAR
I PRP B-NP
'm VBP B-VP
elected VBN I-VP
to TO B-VP
represent VB I-VP
the DT B-NP
people NNS I-NP
that WDT B-NP
sent VBD B-VP
me PRP B-NP
here RB B-ADVP
. . O

And CC O
one CD B-NP
of IN B-PP
our PRP$ B-NP
charges NNS I-NP
is VBZ B-VP
to TO B-VP
be VB I-VP
an DT B-NP
ombudsman NN I-NP
for IN B-PP
our PRP$ B-NP
area NN I-NP
. . O

And CC O
if IN B-SBAR
we PRP B-NP
're VBP B-VP
not RB O
ombudsman NN B-NP
for IN B-PP
our PRP$ B-NP
area NN I-NP
, , O
we PRP B-NP
ought MD B-VP
to TO I-VP
be VB I-VP
thrown VBN I-VP
out IN B-ADVP
of IN B-PP
office NN B-NP
. . O

On IN B-PP
the DT B-NP
other JJ I-NP
hand NN I-NP
, , O
if IN B-SBAR
we PRP B-NP
're VBP B-VP
asking VBG I-VP
for IN B-PP
something NN B-NP
unreasonable JJ B-ADJP
or CC O
unethical JJ B-ADJP
and CC O
so RB B-ADVP
on IN I-ADVP
, , O
then RB B-ADVP
that DT B-NP
's VBZ B-VP
a DT B-NP
whole JJ I-NP
different JJ I-NP
story NN I-NP
. . O

But CC O
if IN B-SBAR
I PRP B-NP
feel VBP B-VP
that IN B-SBAR
there EX B-NP
are VBP B-VP
situations NNS B-NP
where WRB B-ADVP
I PRP B-NP
'm VBP B-VP
trying VBG I-VP
to TO I-VP
get VB I-VP
housing NN B-NP
for IN B-PP
our PRP$ B-NP
area NN I-NP
-- : O
whatever WDT B-NP
it PRP B-NP
happens VBZ B-VP
to TO I-VP
be VB I-VP
-- : O
and CC O
I PRP B-NP
have VBP B-VP
to TO I-VP
feel VB I-VP
that IN B-SBAR
I PRP B-NP
ca MD B-VP
n't RB I-VP
even RB I-VP
ask VB I-VP
a DT B-NP
question NN I-NP
, , O
I PRP B-NP
've VBP B-VP
got VBD I-VP
to TO I-VP
tell VB I-VP
you PRP B-NP
, , O
I PRP B-NP
think VBP B-VP
that DT B-NP
's VBZ B-VP
outrageous JJ B-ADJP
. . O
. . O

I PRP B-NP
think VBP B-VP
these DT B-NP
regulations NNS I-NP
that WDT B-NP
would MD B-VP
prohibit VB I-VP
well-operated JJ B-NP
programs NNS I-NP
in IN B-PP
areas NNS B-NP
across IN B-PP
this DT B-NP
country NN I-NP
would MD B-VP
be VB I-VP
wrong JJ B-ADJP
to TO B-VP
change VB I-VP
... : O
. . O

I PRP B-NP
do VBP B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
see VB I-VP
some DT B-NP
guidelines NNS I-NP
change VBP I-NP
that DT B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
inhibit VB I-VP
my PRP$ B-NP
city NN I-NP
's POS B-NP
opportunity NN I-NP
to TO B-VP
use VB I-VP
its PRP$ B-NP
money NN I-NP
. . O

The DT B-NP
Chicago NNP I-NP
Mercantile NNP I-NP
Exchange NNP I-NP
said VBD B-VP
it PRP B-NP
fined VBD B-VP
Capcom NNP B-NP
Futures NNP I-NP
Inc. NNP I-NP
$ $ B-NP
500,000 CD I-NP
and CC O
accepted VBN B-VP
its PRP$ B-NP
withdrawal NN I-NP
from IN B-PP
membership NN B-NP
as IN B-PP
part NN B-NP
of IN B-PP
a DT B-NP
settlement NN I-NP
of IN B-PP
disciplinary JJ B-NP
actions NNS I-NP
against IN B-PP
the DT B-NP
firm NN I-NP
. . O

Capcom NNP B-NP
Futures NNS I-NP
is VBZ B-VP
a DT B-NP
Chicago NNP I-NP
subsidiary NN I-NP
of IN B-PP
Capcom NNP B-NP
Financial NNP I-NP
Services NNP I-NP
Ltd. NNP I-NP
, , O
a DT B-NP
London NNP I-NP
financial JJ I-NP
firm NN I-NP
that WDT B-NP
was VBD B-VP
implicated VBN I-VP
last JJ B-NP
year NN I-NP
in IN B-PP
a DT B-NP
scheme NN I-NP
to TO B-VP
launder VB I-VP
drug NN B-NP
money NN I-NP
. . O

The DT B-NP
case NN I-NP
is VBZ B-VP
pending VBG B-ADJP
. . O

The DT B-NP
firm NN I-NP
was VBD B-VP
indicted VBN I-VP
in IN B-PP
Tampa NNP B-NP
, , O
Fla. NNP B-NP
, , O
on IN B-PP
money-laundering NN B-NP
charges NNS I-NP
. . O

In IN B-PP
June NNP B-NP
, , O
the DT B-NP
Chicago NNP I-NP
Board NNP I-NP
of IN B-PP
Trade NNP B-NP
said VBD B-VP
it PRP B-NP
suspended VBD B-VP
Capcom NNP B-NP
Financial NNP I-NP
. . O

The DT B-NP
Capcom NNP I-NP
Futures NNS I-NP
unit NN I-NP
withdrew VBD B-VP
from IN B-PP
Board NNP O
of IN B-PP
Trade NNP B-NP
membership NN B-NP
voluntarily RB B-ADVP
in IN B-PP
August NNP B-NP
, , O
a DT O
Board NNP O
of IN B-PP
Trade NNP B-NP
spokesman NN B-NP
said VBD B-VP
. . O

Capcom NNP B-NP
Futures NNS I-NP
, , O
while IN B-SBAR
neither DT B-VP
admitting VBG I-VP
nor CC I-VP
denying VBG I-VP
the DT B-NP
Merc NNP I-NP
charges NNS I-NP
, , O
said VBD B-VP
in IN B-PP
a DT B-NP
statement NN I-NP
that IN B-SBAR
the DT B-NP
Merc NNP I-NP
charges NNS I-NP
were VBD B-VP
`` `` O
technical JJ B-ADJP
in IN B-PP
nature NN B-NP
'' '' O
and CC O
that IN B-SBAR
`` `` O
no DT B-NP
customers NNS I-NP
were VBD B-VP
hurt VBN I-VP
'' '' O
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
the DT B-NP
violations NNS I-NP
cited VBN B-VP
by IN B-PP
the DT B-NP
Merc NNP I-NP
. . O

The DT B-NP
Merc NNP I-NP
alleged VBD B-VP
that IN B-SBAR
, , O
among IN B-PP
other JJ B-NP
things NNS I-NP
, , O
from IN B-PP
April NNP B-NP
1987 CD I-NP
through IN B-PP
October NNP B-NP
1988 CD I-NP
Capcom NNP B-NP
Futures NNS I-NP
failed VBD B-VP
to TO I-VP
document VB I-VP
trades NNS B-NP
between IN B-PP
Capcom NNP B-NP
Futures NNS I-NP
and CC O
people NNS B-NP
or CC I-NP
entities NNS I-NP
directly RB B-VP
or CC I-VP
indirectly RB I-VP
controlled VBN I-VP
by IN B-PP
Capcom NNP B-NP
Futures NNS I-NP
shareholders NNS I-NP
. . O

Frederick NNP B-NP
W. NNP I-NP
Lang NNP I-NP
, , O
65 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
the DT B-NP
founder NN I-NP
of IN B-PP
this DT B-NP
software NN I-NP
services NNS I-NP
concern VBP I-NP
, , O
was VBD B-VP
elected VBN I-VP
to TO B-PP
the DT B-NP
new JJ I-NP
post NN I-NP
of IN B-PP
chairman NN B-NP
. . O

Formerly RB B-ADVP
president NN B-NP
and CC I-NP
treasurer NN I-NP
, , O
Mr. NNP B-NP
Lang NNP I-NP
remains VBZ B-VP
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
. . O

Victor NNP B-NP
C. NNP I-NP
Benda NNP I-NP
, , O
58 CD B-NP
, , O
formerly RB B-ADVP
executive JJ B-NP
vice NN I-NP
president NN I-NP
, , O
succeeds VBZ B-VP
Mr. NNP B-NP
Lang NNP I-NP
as IN B-PP
president NN B-NP
and CC O
becomes VBZ B-VP
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
, , O
a DT B-NP
new JJ I-NP
post NN I-NP
. . O

Maurice NNP B-NP
Warren NNP I-NP
, , O
56-year-old JJ B-NP
group NN I-NP
managing VBG I-NP
director NN I-NP
, , O
was VBD B-VP
named VBN I-VP
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
this DT B-NP
food NN I-NP
and CC I-NP
agriculture NN I-NP
group NN I-NP
. . O

The DT B-NP
post NN I-NP
of IN B-PP
chief JJ B-NP
executive NN I-NP
has VBZ B-VP
been VBN I-VP
vacant JJ B-ADJP
since IN B-PP
July NNP B-NP
when WRB B-ADVP
Terry NNP B-NP
Pryce NNP I-NP
, , O
55 NN B-NP
, , O
left VBD B-VP
the DT B-NP
company NN I-NP
. . O

Money-market NN B-NP
mutual JJ I-NP
fund NN I-NP
assets NNS I-NP
grew VBD B-VP
at IN B-PP
nearly RB B-NP
three CD I-NP
times NNS I-NP
their PRP$ I-NP
usual JJ I-NP
rate NN I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
week NN I-NP
, , O
as IN B-SBAR
investors NNS B-NP
opted VBD B-VP
for IN B-PP
safety NN B-NP
instead RB B-CONJP
of IN I-CONJP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O

Money-fund JJ B-NP
assets NNS I-NP
soared VBD B-VP
$ $ B-NP
4.5 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
week NN I-NP
ended VBN B-VP
Tuesday NNP B-NP
, , O
to TO B-PP
a DT B-NP
record NN I-NP
$ $ I-NP
348.4 CD I-NP
billion CD I-NP
, , O
according VBG B-PP
to TO B-PP
IBC\/Donoghue NN B-NP
's POS B-NP
Money NNP I-NP
Fund NNP I-NP
Report NNP I-NP
, , O
a DT B-NP
Holliston NNP I-NP
, , I-NP
Mass.-based JJ I-NP
newsletter NN I-NP
. . O

`` `` O
We PRP B-NP
were VBD B-VP
expecting VBG I-VP
it PRP B-NP
, , O
following VBG B-PP
the DT B-NP
fall NN I-NP
of IN B-PP
the DT B-NP
Dow NNP I-NP
Friday NNP B-NP
, , O
'' '' O
said VBD B-VP
Brenda NNP B-NP
Malizia NNP I-NP
Negus NNP I-NP
, , O
editor NN B-NP
of IN B-PP
Money NNP B-NP
Fund NNP I-NP
Report NNP I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
the DT B-NP
proverbial JJ I-NP
flight NN I-NP
to TO B-PP
safety VB B-NP
. . O
'' '' O

Despite IN B-PP
recent JJ B-NP
declines NNS I-NP
in IN B-PP
interest NN B-NP
rates NNS I-NP
, , O
money NN B-NP
funds NNS I-NP
continue VBP B-VP
to TO I-VP
offer VB I-VP
better JJR B-NP
yields NNS I-NP
than IN B-PP
other JJ B-NP
comparable JJ I-NP
investments NNS I-NP
. . O

The DT B-NP
average JJ I-NP
seven-day JJ I-NP
compound NN I-NP
yield NN I-NP
on IN B-PP
the DT B-NP
400 CD I-NP
taxable JJ I-NP
funds NNS I-NP
tracked VBN B-VP
by IN B-PP
IBC\/Donoghue NN B-NP
's POS B-NP
was VBD B-VP
8.55 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
week NN I-NP
, , O
down RB B-ADVP
from IN B-PP
8.60 CD B-NP
% NN I-NP
. . O

Compound JJ B-NP
yields NNS I-NP
assume VBP B-VP
reinvestment NN B-NP
of IN B-PP
dividends NNS B-NP
and CC O
that IN B-SBAR
current JJ B-NP
yields NNS I-NP
continue VBP B-VP
for IN B-PP
a DT B-NP
year NN I-NP
. . O

Most JJS B-NP
short-term JJ I-NP
certificates NNS I-NP
of IN B-PP
deposit NN B-NP
are VBP B-VP
yielding VBG I-VP
about IN B-NP
8 CD I-NP
% NN I-NP
or CC I-NP
less JJR I-NP
at IN B-PP
major JJ B-NP
banks NNS I-NP
, , O
and CC O
the DT B-NP
yields NNS I-NP
on IN B-PP
Treasury NNP B-NP
bills NNS I-NP
sold VBN B-VP
at IN B-PP
Monday NNP B-NP
's POS B-NP
auction NN I-NP
fell VBD B-VP
to TO B-PP
7.61 CD B-NP
% NN I-NP
for IN B-PP
three CD B-NP
months NNS I-NP
and CC O
7.82 CD B-NP
% NN I-NP
for IN B-PP
six CD B-NP
months NNS I-NP
. . O

Money-fund JJ B-NP
assets NNS I-NP
have VBP B-VP
been VBN I-VP
rising VBG I-VP
at IN B-PP
an DT B-NP
average JJ I-NP
rate NN I-NP
of IN B-PP
$ $ B-NP
1.6 CD I-NP
billion CD I-NP
a DT B-NP
week NN I-NP
in IN B-PP
recent JJ B-NP
months NNS I-NP
, , O
Ms. NNP B-NP
Negus NNP I-NP
said VBD B-VP
, , O
reflecting VBG B-VP
the DT B-NP
relatively RB I-NP
high JJ I-NP
yields NNS I-NP
. . O

In IN B-PP
the DT B-NP
latest JJS I-NP
week NN I-NP
, , O
funds NNS B-NP
open JJ B-ADJP
to TO B-PP
institutions NNS B-NP
alone RB B-ADVP
grew VBN B-VP
by IN B-PP
$ $ B-NP
1.8 CD I-NP
billion CD I-NP
. . O

Some DT B-NP
fund NN I-NP
managers NNS I-NP
say VBP B-VP
inflows NNS B-NP
could MD B-VP
increase VB I-VP
in IN B-PP
coming VBG B-NP
days NNS I-NP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
stock NN B-NP
selling VBG I-NP
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
Friday NNP B-NP
's POS B-NP
190.58 CD B-ADJP
point NN I-ADJP
drop NN B-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
. . O

`` `` O
If IN B-SBAR
you PRP B-NP
're VBP B-VP
selling VBG I-VP
equities NNS B-NP
, , O
you PRP B-NP
do VBP B-VP
n't RB I-VP
start VB I-VP
getting VBG I-VP
proceeds NNS B-NP
for IN B-PP
five CD B-NP
to TO I-NP
seven CD I-NP
days NNS I-NP
, , O
'' '' O
said VBD B-VP
Frank NNP B-NP
Rachwalski NNP I-NP
, , O
who WP B-NP
manages VBZ B-VP
the DT B-NP
Kemper NNP I-NP
Money NNP I-NP
Market NNP I-NP
Fund NNP I-NP
. . O

Neal NNP B-NP
Litvack NNP I-NP
, , O
marketing NN B-NP
vice NN I-NP
president NN I-NP
for IN B-PP
Fidelity NNP B-NP
Investments NNPS I-NP
, , O
said VBD B-VP
inflows NNS B-NP
Friday NNP B-NP
into IN B-PP
Fidelity NNP B-NP
's POS B-NP
Spartan NNP I-NP
and CC I-NP
Cash NNP I-NP
Reserves NNS I-NP
money-market JJ I-NP
funds NNS I-NP
were VBD B-VP
about IN B-NP
twice RB I-NP
normal JJ I-NP
levels NNS I-NP
, , O
with IN B-PP
about IN B-NP
half NN I-NP
coming VBG B-VP
from IN B-PP
equity NN B-NP
and CC I-NP
junk-bond NN I-NP
funds NNS I-NP
. . O

Monday NNP B-NP
and CC I-NP
Tuesday NNP I-NP
`` `` O
were VBD B-VP
lackluster JJ B-ADJP
in IN B-PP
comparison NN B-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
People NNS B-NP
are VBP B-VP
n't RB I-VP
necessarily RB I-VP
running VBG I-VP
scared VBN B-ADJP
, , O
'' '' O
Mr. NNP B-NP
Litvack NNP I-NP
said VBD B-VP
. . O

`` `` O
They PRP B-NP
're VBP B-VP
maintaining VBG I-VP
their PRP$ B-NP
attitude NN I-NP
toward IN B-PP
investing VBG B-NP
, , O
which WDT B-NP
has VBZ B-VP
leaned VBN I-VP
toward IN B-PP
the DT B-NP
conservative JJ I-NP
recently RB B-ADVP
. . O
'' '' O

Money-fund JJ B-NP
yields NNS I-NP
tend VBP B-VP
to TO I-VP
lag VB I-VP
interestrate NN B-NP
trends NNS I-NP
as IN B-SBAR
portfolio NN B-NP
managers NNS I-NP
adjust VBP B-VP
the DT B-NP
maturities NNS I-NP
of IN B-PP
their PRP$ B-NP
investments NNS I-NP
-- : O
short-term NNP B-NP
Treasury NNP I-NP
securities NNS I-NP
, , O
commercial JJ B-NP
paper NN I-NP
and CC O
the DT B-NP
like NN I-NP
-- : O
to TO B-VP
capture VB I-VP
the DT B-NP
highest JJS I-NP
yields NNS I-NP
. . O

Maturities NNS B-NP
usually RB B-ADVP
are VBP B-VP
shorter JJR B-ADJP
when WRB B-ADVP
rates NNS B-NP
are VBP B-VP
rising VBG I-VP
and CC O
longer RB B-ADJP
when WRB B-ADVP
they PRP B-NP
are VBP B-VP
falling VBG I-VP
. . O

The DT B-NP
average JJ I-NP
maturity NN I-NP
of IN B-PP
the DT B-NP
funds NNS I-NP
tracked VBN B-VP
by IN B-PP
IBC\/Donoghue NN B-NP
's POS B-NP
remained VBD B-VP
at IN B-PP
38 CD B-NP
days NNS I-NP
for IN B-PP
the DT B-NP
third JJ I-NP
consecutive JJ I-NP
week NN I-NP
. . O

It PRP B-NP
was VBD B-VP
as RB B-ADJP
short JJ I-ADJP
as IN B-PP
29 CD B-NP
days NNS I-NP
at IN B-PP
the DT B-NP
start NN I-NP
of IN B-PP
this DT B-NP
year NN I-NP
, , O
when WRB B-ADVP
rates NNS B-NP
were VBD B-VP
marching VBG I-VP
steadily RB B-ADVP
upward RB B-ADVP
, , O
and CC O
hit VBD B-VP
42 CD B-NP
days NNS I-NP
in IN B-PP
August NNP B-NP
. . O

The DT B-NP
average JJ I-NP
seven-day JJ I-NP
simple JJ I-NP
yield NN I-NP
of IN B-PP
the DT B-NP
funds NNS I-NP
fell VBD B-VP
to TO B-PP
8.21 CD B-NP
% NN I-NP
this DT B-NP
week NN I-NP
from IN B-PP
8.26 CD B-NP
% NN I-NP
. . O

The DT B-NP
average JJ I-NP
30-day JJ I-NP
simple JJ I-NP
yield NN I-NP
was VBD B-VP
8.26 CD B-NP
% NN I-NP
, , O
compared VBN B-PP
with IN B-PP
8.27 CD B-NP
% NN I-NP
the DT B-NP
week NN I-NP
before RB I-NP
, , O
and CC O
the DT B-NP
30-day JJ I-NP
compound NN I-NP
yield NN I-NP
slid VBD B-VP
to TO B-PP
8.60 CD B-NP
% NN I-NP
from IN B-PP
8.61 CD B-NP
% NN I-NP
. . O

Some DT B-NP
funds NNS I-NP
are VBP B-VP
posting VBG I-VP
yields NNS B-NP
far RB B-ADJP
higher JJR I-ADJP
than IN B-PP
the DT B-NP
average NN I-NP
. . O

The DT B-NP
highest JJS I-NP
yielding VBG I-NP
taxable JJ I-NP
fund NN I-NP
this DT B-NP
week NN I-NP
was VBD B-VP
Harbor NNP B-NP
Money NNP I-NP
Market NNP I-NP
Fund NNP I-NP
, , O
with IN B-PP
a DT B-NP
seven-day JJ I-NP
compound NN I-NP
yield NN I-NP
of IN B-PP
12.75 CD B-NP
% NN I-NP
. . O

That DT B-NP
included VBN B-VP
capital NN B-NP
gains NNS I-NP
that WDT B-NP
were VBD B-VP
passed VBN I-VP
along IN B-ADVP
to TO B-PP
customers NNS B-NP
. . O

Among IN B-PP
the DT B-NP
other JJ I-NP
high-yielding JJ I-NP
funds NNS I-NP
, , O
Fidelity NNP B-NP
's POS B-NP
Spartan NNP I-NP
Fund NNP I-NP
had VBD B-VP
a DT B-NP
seven-day JJ I-NP
compound NN I-NP
yield NN I-NP
of IN B-PP
9.33 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
week NN I-NP
. . O

The DT B-NP
seven-day JJ I-NP
compound NN I-NP
yield NN I-NP
of IN B-PP
the DT B-NP
Dreyfus NNP I-NP
Worldwide NNP I-NP
Dollar NNP I-NP
Fund NNP I-NP
was VBD B-VP
9.51 CD B-NP
% NN I-NP
. . O

whose WP$ B-NP
Della NNP I-NP
Femina NNP I-NP
McNamee NNP I-NP
WCRS NNP I-NP
agency NN I-NP
created VBD B-VP
liar NN B-NP
Joe NNP I-NP
Isuzu NNP I-NP
, , O
among IN B-PP
others NNS B-NP
-- : O
announced VBD B-VP
a DT B-NP
massive JJ I-NP
restructuring NN I-NP
that WDT B-NP
largely RB B-VP
removes VBZ I-VP
it PRP B-NP
from IN B-PP
the DT B-NP
advertising NN I-NP
business NN I-NP
and CC O
includes VBZ B-VP
selling VBG I-VP
the DT B-NP
majority NN I-NP
of IN B-PP
its PRP$ B-NP
advertising NN I-NP
unit NN I-NP
to TO B-PP
Paris-based JJ B-NP
Eurocom NNP I-NP
. . O

The DT B-NP
complex JJ I-NP
restructuring NN I-NP
, , O
which WDT B-NP
was VBD B-VP
long RB I-VP
expected VBN I-VP
, , O
transforms VBZ B-VP
London-based NNP B-NP
WCRS NNP I-NP
from IN B-PP
primarily RB B-NP
a DT I-NP
creator NN I-NP
of IN B-PP
advertising NN B-NP
into IN B-PP
one CD B-NP
of IN B-PP
Europe NNP B-NP
's POS B-NP
largest JJS I-NP
buyers NNS I-NP
of IN B-PP
advertising NN B-NP
time NN I-NP
and CC I-NP
space NN I-NP
. . O

It PRP B-NP
also RB B-ADVP
creates VBZ B-VP
a DT B-NP
newly RB I-NP
merged VBN I-NP
world-wide JJ I-NP
ad NN I-NP
agency NN I-NP
controlled VBN B-VP
by IN B-PP
Eurocom NNP B-NP
and CC O
headed VBN B-VP
jointly RB B-ADVP
by IN B-PP
New NNP B-NP
York NNP I-NP
ad NN I-NP
man NN I-NP
Jerry NNP I-NP
Della NNP I-NP
Femina NNP I-NP
and CC O
two CD B-NP
top JJ I-NP
WCRS NNP I-NP
executives NNS I-NP
. . O

The DT B-NP
merged VBN I-NP
agency NN I-NP
's POS I-NP
admittedly RB B-ADJP
ambitious JJ I-ADJP
goal NN B-NP
: : O
to TO B-VP
become VB I-VP
one CD B-NP
of IN B-PP
the DT B-NP
world NN I-NP
's POS B-NP
10 CD I-NP
largest JJS I-NP
agencies NNS I-NP
, , O
while IN B-SBAR
attracting VBG B-VP
more RBR B-NP
multinational JJ I-NP
clients NNS I-NP
than IN B-PP
the DT B-NP
agencies NNS I-NP
were VBD B-VP
able JJ B-ADJP
to TO B-VP
attract VB I-VP
alone RB B-ADVP
. . O

WCRS NNP B-NP
's POS B-NP
restructuring NN I-NP
reflects VBZ B-VP
the DT B-NP
growing VBG I-NP
importance NN I-NP
of IN B-PP
media NNS B-NP
buying VBG I-NP
in IN B-PP
Europe NNP B-NP
, , O
where WRB B-ADVP
the DT B-NP
only JJ I-NP
way NN I-NP
to TO B-VP
get VB I-VP
a DT B-NP
good JJ I-NP
price NN I-NP
on IN B-PP
advertising NN B-NP
time NN I-NP
and CC I-NP
space NN I-NP
is VBZ B-VP
to TO B-VP
buy VB I-VP
it PRP B-NP
in IN B-PP
bulk NN B-NP
. . O

For IN B-PP
Eurocom NNP B-NP
, , O
meanwhile RB B-ADVP
, , O
the DT B-NP
move NN I-NP
gives VBZ B-VP
it PRP B-NP
a DT B-NP
strong JJ I-NP
U.S. NNP I-NP
foothold NN I-NP
in IN B-PP
Della NNP B-NP
Femina NNP I-NP
, , O
and CC O
more JJR B-VP
than IN I-VP
quadruples VBZ I-VP
the DT B-NP
size NN I-NP
of IN B-PP
its PRP$ B-NP
ad NN I-NP
agency NN I-NP
business NN I-NP
world-wide JJ B-ADVP
. . O

It PRP B-NP
also RB B-ADVP
gives VBZ B-VP
the DT B-NP
outspoken JJ I-NP
Mr. NNP I-NP
Della NNP I-NP
Femina NNP I-NP
-- : O
who WP B-NP
often RB B-ADVP
generates VBZ B-VP
as IN B-NP
much JJ I-NP
publicity NN I-NP
for IN B-PP
himself PRP B-NP
as IN B-PP
for IN B-PP
his PRP$ B-NP
clients NNS I-NP
-- : O
an DT B-NP
international JJ I-NP
platform NN I-NP
that IN B-NP
he PRP B-NP
most RBS B-ADVP
certainly RB I-ADVP
wo MD B-VP
n't RB I-VP
be VB I-VP
loath JJ B-ADJP
to TO B-VP
use VB I-VP
. . O

According VBG B-PP
to TO B-PP
terms NNS B-NP
, , O
WCRS NNP B-NP
will MD B-VP
pay VB I-VP
2.02 CD B-NP
billion CD I-NP
French JJ I-NP
francs NNS I-NP
-LRB- ( O
$ $ B-NP
318.6 CD I-NP
million CD I-NP
-RRB- ) O
for IN B-PP
the DT B-NP
50 CD I-NP
% NN I-NP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
already RB I-VP
own JJ I-VP
of IN B-PP
Carat NNP B-NP
Holding NNP I-NP
S.A. NNP I-NP
, , O
one CD B-NP
of IN B-PP
Europe NNP B-NP
's POS B-NP
largest JJS I-NP
media NNS I-NP
buyers NNS I-NP
. . O

Meanwhile RB B-ADVP
, , O
Eurocom NNP B-NP
, , O
which WDT B-NP
had VBD B-VP
held VBN I-VP
20 CD B-NP
% NN I-NP
of IN B-PP
WCRS NNP B-NP
's POS B-NP
ad NN I-NP
unit NN I-NP
, , O
will MD B-VP
pay VB I-VP
# # B-NP
43.5 CD I-NP
million CD I-NP
-LRB- ( O
$ $ B-NP
68.5 CD I-NP
million CD I-NP
-RRB- ) O
to TO B-VP
raise VB I-VP
its PRP$ B-NP
stake NN I-NP
to TO B-PP
60 CD B-NP
% NN I-NP
. . O

That DT B-NP
price NN I-NP
also RB B-ADVP
covers VBZ B-VP
Eurocom NNP B-NP
raising VBG B-VP
to TO B-PP
60 CD B-NP
% VB I-NP
its PRP$ B-NP
51 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
Europe NNP B-NP
's POS B-NP
Belier NNP I-NP
Group NNP I-NP
, , O
a DT B-NP
joint JJ I-NP
venture NN I-NP
ad NN I-NP
agency NN I-NP
network NN I-NP
it PRP B-NP
owns VBZ B-VP
with IN B-PP
WCRS NNP B-NP
. . O

Eurocom NNP B-NP
will MD B-VP
also RB I-VP
have VB I-VP
the DT B-NP
right NN I-NP
to TO B-VP
buy VB I-VP
the DT B-NP
remaining VBG I-NP
40 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
merged VBN I-NP
ad NN I-NP
agency NN I-NP
group NN I-NP
in IN B-PP
six CD B-NP
years NNS I-NP
. . O

The DT B-NP
transaction NN I-NP
places VBZ B-VP
the DT B-NP
three CD I-NP
executives NNS I-NP
squarely RB B-ADVP
at IN B-PP
the DT B-NP
helm NN I-NP
of IN B-PP
a DT B-NP
major JJ I-NP
agency NN I-NP
with IN B-PP
the DT B-NP
rather RB I-NP
unwieldy JJ I-NP
name NN I-NP
of IN B-PP
Eurocom NNP B-NP
WCRS NNP I-NP
Della NNP I-NP
Femina NNP I-NP
Ball NNP I-NP
Ltd. NNP I-NP
, , O
or CC O
EWDB NNP B-NP
. . O

The DT B-NP
merged VBN I-NP
agency NN I-NP
will MD B-VP
include VB I-VP
Della NNP B-NP
Femina NNP I-NP
McNamee NNP I-NP
based VBD B-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
Eurocom NNP B-NP
's POS B-NP
various JJ I-NP
agencies NNS I-NP
in IN B-PP
France NNP B-NP
, , O
the DT B-NP
Belier NNP I-NP
Group NNP I-NP
in IN B-PP
Europe NNP B-NP
and CC O
WCRS NNP B-NP
's POS B-NP
other JJ I-NP
advertising NN I-NP
and CC I-NP
direct JJ I-NP
marketing NN I-NP
operations NNS I-NP
. . O

Mr. NNP B-NP
Della NNP I-NP
Femina NNP I-NP
will MD B-VP
be VB I-VP
joint JJ B-NP
chairman NN I-NP
with IN B-PP
former JJ B-NP
WCRS NNP I-NP
executive NN I-NP
Robin NNP I-NP
Wight NNP I-NP
. . O

Both DT B-NP
will MD B-VP
report VB I-VP
to TO B-PP
Tim NNP B-NP
Breene NNP I-NP
, , O
a DT B-NP
former JJ I-NP
WCRS NNP I-NP
executive NN I-NP
who WP B-NP
will MD B-VP
be VB I-VP
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
at IN B-PP
the DT B-NP
new JJ I-NP
agency NN I-NP
. . O

In IN B-PP
an DT B-NP
interview NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
Mr. NNP B-NP
Breene NNP I-NP
, , O
fresh JJ B-ADJP
from IN B-PP
a DT B-NP
Concorde NNP I-NP
flight NN I-NP
from IN B-PP
Paris NNP B-NP
where WRB B-ADVP
executives NNS B-NP
had VBD B-VP
worked VBN I-VP
through IN B-PP
most RBS B-NP
of IN B-PP
the DT B-NP
night NN I-NP
, , O
outlined VBN B-VP
big JJ B-NP
plans NNS I-NP
for IN B-PP
the DT B-NP
new JJ I-NP
agency NN I-NP
. . O

`` `` O
Our PRP$ B-NP
goal NN I-NP
is VBZ B-VP
to TO B-VP
develop VB I-VP
quite RB B-ADVP
rapidly RB I-ADVP
to TO B-PP
a DT B-NP
top-10 JJ I-NP
position NN I-NP
... : O
by IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
three CD B-NP
years NNS I-NP
from IN B-PP
now RB B-NP
. . O

It PRP B-NP
implies VBZ B-VP
very RB B-NP
dramatic JJ I-NP
growth NN I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
Eurocom NNP B-NP
and CC I-NP
WCRS NNP I-NP
had VBD B-VP
agreed VBN I-VP
to TO I-VP
provide VB I-VP
a DT B-NP
development NN I-NP
fund NN I-NP
of IN B-PP
# # B-NP
100 CD I-NP
million CD I-NP
for IN B-PP
acquisitions NNS B-NP
. . O

The DT B-NP
new JJ I-NP
agency NN I-NP
group NN I-NP
is VBZ B-VP
already RB B-ADVP
in IN B-PP
discussions NNS B-NP
about IN B-PP
a DT B-NP
possible JJ I-NP
purchase NN I-NP
in IN B-PP
Spain NNP B-NP
, , O
while IN B-SBAR
Mr. NNP B-NP
Breene NNP I-NP
said VBD B-VP
it PRP B-NP
also RB B-ADVP
plans VBZ B-VP
to TO I-VP
make VB I-VP
acquisitions NNS B-NP
in IN B-PP
Scandinavia NNP B-NP
, , I-NP
Germany NNP I-NP
and CC O
elsewhere RB B-ADVP
. . O

Cracking VBG B-VP
the DT B-NP
top JJ I-NP
10 CD I-NP
within IN B-PP
three CD B-NP
years NNS I-NP
will MD B-VP
be VB I-VP
difficult JJ B-ADJP
at IN B-ADVP
best JJS I-ADVP
. . O

Della NNP B-NP
Femina NNP I-NP
had VBD B-VP
billings NNS B-NP
of IN B-PP
just RB B-NP
$ $ I-NP
660 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
and CC O
ranked VBD B-VP
as IN B-PP
the DT B-NP
U.S. NNP I-NP
's POS B-NP
24th-largest JJ I-NP
ad NN I-NP
agency NN I-NP
. . O

The DT B-NP
merged VBN I-NP
company NN I-NP
that IN B-NP
it PRP B-NP
now RB B-ADVP
becomes VBZ B-VP
part NN B-NP
of IN B-PP
will MD B-VP
have VB I-VP
billings NNS B-NP
of IN B-PP
just RB B-NP
more JJR I-NP
than IN I-NP
$ $ I-NP
2.6 CD I-NP
billion CD I-NP
-- : O
most RBS B-NP
of IN B-PP
that DT B-NP
in NN B-PP
Europe NNP B-NP
-- : O
bringing VBG B-VP
it PRP B-NP
to TO B-PP
about IN B-NP
14th JJ I-NP
world-wide JJ B-ADVP
. . O

To TO B-VP
make VB I-VP
it PRP B-NP
to TO B-PP
top-10 JJ B-NP
status NN I-NP
, , O
it PRP B-NP
would MD B-VP
have VB I-VP
to TO I-VP
leapfrog VB I-VP
over IN B-PP
such JJ B-NP
formidable JJ I-NP
forces NNS I-NP
as IN B-PP
Grey NNP B-NP
Advertising NNP I-NP
, , O
D'Arcy NNP B-NP
Masius NNP I-NP
Benton NNP I-NP
& CC I-NP
Bowles NNP I-NP
and CC O
Omnicom NNP B-NP
's POS B-NP
DDB NNP I-NP
Needham NNP I-NP
. . O

The DT B-NP
merged VBN I-NP
agency NN I-NP
's POS B-NP
game NN I-NP
plan NN I-NP
to TO B-VP
attract VB I-VP
multinational JJ B-NP
packaged-goods NNS I-NP
advertisers NNS I-NP
may MD B-VP
prove VB I-VP
equally RB B-ADJP
difficult JJ I-ADJP
. . O

When WRB B-ADVP
WCRS NNP B-NP
created VBD B-VP
Della NNP B-NP
Femina NNP I-NP
McNamee NNP I-NP
out IN B-ADVP
of IN B-PP
the DT B-NP
merger NN I-NP
of IN B-PP
three CD B-NP
smaller JJR I-NP
agency NN I-NP
units NNS I-NP
in IN B-PP
1988 CD B-NP
, , O
it PRP B-NP
said VBD B-VP
it PRP B-NP
did VBD B-VP
so RB B-ADVP
in IN B-SBAR
order NN O
to TO B-VP
attract VB I-VP
larger JJR B-NP
clients NNS I-NP
, , O
especially RB B-ADVP
packaged-goods NNS B-NP
companies NNS I-NP
. . O

Since IN B-PP
then RB B-NP
, , O
Della NNP B-NP
Femina NNP I-NP
won VBD B-VP
Pan NNP B-NP
Am NNP I-NP
as IN B-PP
an DT B-NP
international JJ I-NP
client NN I-NP
and CC O
also RB B-ADVP
does VBZ B-VP
work NN B-NP
for IN B-PP
a DT B-NP
few JJ I-NP
packaged-goods NNS I-NP
clients NNS I-NP
, , O
including VBG B-PP
Dow NNP B-NP
Chemical NNP I-NP
Co. NNP I-NP
's POS B-NP
Saran NNP I-NP
Wrap NNP I-NP
. . O

But CC O
major JJ B-NP
packaged-goods NNS I-NP
players NNS I-NP
of IN B-PP
the DT B-NP
world NN I-NP
-- : O
such JJ B-PP
as IN I-PP
Procter NNP B-NP
& CC I-NP
Gamble NNP I-NP
, , O
Colgate-Palmolive NNP B-NP
and CC O
Unilever NNP B-NP
-- : O
have VBP B-VP
steadfastly RB I-VP
eluded VBN I-VP
the DT B-NP
agency NN I-NP
. . O

`` `` O
Three CD B-NP
of IN B-PP
our PRP$ B-NP
favorite JJ I-NP
names NNS I-NP
, , O
'' '' O
Mr. NNP B-NP
Della NNP I-NP
Femina NNP I-NP
calls VBZ B-VP
that DT B-NP
roster NN I-NP
, , O
adding VBG B-VP
hopefully RB B-ADVP
, , O
`` `` O
We PRP B-NP
're VBP B-VP
a DT O
much RB B-ADVP
more RBR I-ADVP
attractive JJ B-NP
agency NN I-NP
to TO B-PP
large JJ B-NP
multinationals NNS I-NP
today NN B-NP
than IN B-SBAR
we PRP B-NP
were VBD B-VP
yesterday NN B-NP
. . O
'' '' O

Still RB B-ADVP
, , O
the DT B-NP
restructuring NN I-NP
could MD B-VP
create VB I-VP
one CD B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
powerful JJ I-NP
alliances NNS I-NP
between IN B-PP
advertising NN B-NP
and CC I-NP
media-buying JJ I-NP
firms NNS I-NP
that IN B-NP
Europe NNP B-NP
has VBZ B-VP
seen VBN I-VP
. . O

As IN B-PP
part NN B-NP
of IN B-PP
the DT B-NP
restructuring NN I-NP
, , O
WCRS NNP B-NP
and CC I-NP
Eurocom NNP I-NP
said VBD B-VP
they PRP B-NP
will MD B-VP
look VB I-VP
for IN B-PP
ways NNS B-NP
to TO B-VP
combine VB I-VP
their PRP$ B-NP
media NNS I-NP
buying VBG I-NP
across IN B-PP
Europe NNP B-NP
. . O

What WP B-NP
's VBZ B-VP
more JJR B-ADJP
, , O
both DT B-NP
Eurocom NNP B-NP
and CC O
brothers NNS B-NP
Francis NNP I-NP
and CC I-NP
Gilbert NNP I-NP
Gross NNP I-NP
, , O
who WP B-NP
founded VBD B-VP
Carat NNP B-NP
, , O
will MD B-VP
acquire VB I-VP
14.99 CD B-NP
% NN I-NP
stakes NNS I-NP
in IN B-PP
WCRS NNP B-NP
Group NNP I-NP
, , O
creating VBG B-VP
a DT B-NP
powerful JJ I-NP
link NN I-NP
between IN B-PP
Eurocom NNP B-NP
and CC I-NP
Carat NNP I-NP
. . O

Carat NNP B-NP
will MD B-VP
receive VB I-VP
its PRP$ B-NP
WCRS NNP I-NP
stake NN I-NP
as IN B-PP
part NN B-NP
of IN B-PP
payment NN B-NP
for IN B-PP
the DT B-NP
50 CD I-NP
% NN I-NP
Carat NNP I-NP
stake NN I-NP
that IN B-NP
WCRS NNP B-NP
is VBZ B-VP
buying VBG I-VP
, , O
while IN B-SBAR
Eurocom NNP B-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
pay VB I-VP
about IN B-NP
# # I-NP
32 CD I-NP
million CD I-NP
for IN B-PP
its PRP$ B-NP
WCRS NNP I-NP
stake NN I-NP
. . O

Mr. NNP B-NP
Della NNP I-NP
Femina NNP I-NP
says VBZ B-VP
he PRP B-NP
plans VBZ B-VP
to TO I-VP
remain VB I-VP
heavily RB B-ADJP
involved VBN I-ADJP
in IN B-PP
the DT B-NP
creative JJ I-NP
product NN I-NP
at IN B-PP
the DT B-NP
world-wide JJ I-NP
agency NN I-NP
, , O
serving VBG B-VP
as IN B-PP
a DT B-NP
sort NN I-NP
of IN B-PP
`` `` O
creative JJ B-NP
conscience NN I-NP
. . O
'' '' O

Louise NNP B-NP
McNamee NNP I-NP
, , O
Della NNP B-NP
Femina NNP I-NP
's POS B-NP
president NN I-NP
, , O
will MD B-VP
continue VB I-VP
running VBG I-VP
the DT B-NP
U.S. NNP I-NP
agency NN I-NP
day-to-day JJ B-ADVP
. . O

They PRP B-NP
and CC O
other JJ B-NP
top JJ I-NP
executives NNS I-NP
signed VBD B-VP
long-term JJ B-NP
employment NN I-NP
contracts NNS I-NP
and CC O
Mr. NNP B-NP
Della NNP I-NP
Femina NNP I-NP
will MD B-VP
receive VB I-VP
an DT B-NP
additional JJ I-NP
multimillion-dollar JJ I-NP
sum NN I-NP
, , O
which WDT B-NP
some DT B-NP
industry NN I-NP
executives NNS I-NP
pegged VBN B-VP
at IN B-PP
about RB B-NP
$ $ I-NP
10 CD I-NP
million CD I-NP
. . O

WCRS NNP B-NP
Group NNP I-NP
, , O
for IN B-PP
its PRP$ B-NP
part NN I-NP
, , O
will MD B-VP
now RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
follow VB I-VP
its PRP$ B-NP
longstanding JJ I-NP
plan NN I-NP
of IN B-PP
becoming VBG B-VP
`` `` O
a DT B-NP
holding VBG I-NP
company NN I-NP
for IN B-PP
a DT B-NP
series NN I-NP
of IN B-PP
media-related JJ B-NP
businesses NNS I-NP
, , O
'' '' O
said VBD B-VP
Peter NNP B-NP
Scott NNP I-NP
, , O
the DT B-NP
firm NN I-NP
's POS B-NP
chief JJ I-NP
executive NN I-NP
. . O

In IN B-PP
addition NN B-NP
to TO B-PP
Carat NNP B-NP
, , O
WCRS NNP B-NP
will MD B-VP
hold VB I-VP
onto IN B-PP
its PRP$ B-NP
public JJ I-NP
relations NNS I-NP
, , I-NP
TV NN I-NP
programming NN I-NP
and CC I-NP
other JJ I-NP
businesses NNS I-NP
. . O

WCRS NNP B-NP
says VBZ B-VP
its PRP$ B-NP
debt NN I-NP
will MD B-VP
be VB I-VP
cut VBN I-VP
to TO B-PP
# # B-NP
24 CD I-NP
million CD I-NP
from IN B-PP
# # B-NP
66 CD I-NP
million CD I-NP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
the DT B-NP
transaction NN I-NP
. . O

For IN B-PP
Carat NNP B-NP
, , O
meanwhile RB B-ADVP
, , O
the DT B-NP
alliance NN I-NP
with IN B-PP
Eurocom NNP B-NP
and CC I-NP
WCRS NNP I-NP
is VBZ B-VP
intended VBN I-VP
to TO I-VP
strengthen VB I-VP
its PRP$ B-NP
own JJ I-NP
push NN I-NP
outside IN B-PP
France NNP B-NP
. . O

Carat NNP B-NP
's POS B-NP
Gross NNP I-NP
brothers NNS I-NP
invented VBD B-VP
the DT B-NP
idea NN I-NP
of IN B-PP
large-scale JJ B-NP
buying NN I-NP
of IN B-PP
media NNS B-NP
space NN I-NP
. . O

By IN B-PP
buying VBG B-VP
the DT B-NP
space NN I-NP
in IN B-PP
bulk NN B-NP
, , O
they PRP B-NP
obtain VBP B-VP
discounts NNS B-NP
as RB B-ADJP
high JJ I-ADJP
as IN B-PP
50 CD B-NP
% NN I-NP
, , O
which WDT B-NP
they PRP B-NP
can MD B-VP
pass VB I-VP
on IN B-ADVP
to TO B-PP
customers NNS B-NP
. . O

They PRP B-NP
thus RB B-ADVP
have VBP B-VP
won VBN I-VP
the DT B-NP
French JJ I-NP
space-buying NN I-NP
business NN I-NP
of IN B-PP
such JJ B-NP
advertising NN I-NP
giants NNS I-NP
as IN B-PP
Coca-Cola NNP B-NP
Co. NNP I-NP
, , O
Fiat NNP B-NP
S.p NNP I-NP
. . I-NP
A. NNP I-NP
, , O
Gillette NNP B-NP
and CC O
Kodak NNP B-NP
. . O

But CC O
now RB B-ADVP
, , O
other JJ B-NP
agencies NNS I-NP
are VBP B-VP
getting VBG I-VP
into IN B-PP
the DT B-NP
business NN I-NP
with IN B-PP
their PRP$ B-NP
own JJ I-NP
competing VBG I-NP
media-buying JJ I-NP
groups NNS I-NP
-- : O
and CC O
Carat NNP B-NP
wants VBZ B-VP
to TO I-VP
expand VB I-VP
to TO B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
Europe NNP B-NP
. . O

To TO B-VP
help VB I-VP
finance VB I-VP
the DT B-NP
Carat NNP I-NP
purchase NN I-NP
, , O
WCRS NNP B-NP
said VBD B-VP
it PRP B-NP
plans VBZ B-VP
an DT B-NP
issue NN I-NP
of IN B-PP
Euroconvertible JJ B-NP
preferred JJ I-NP
shares NNS I-NP
once RB B-SBAR
the DT B-NP
market NN I-NP
settles VBZ B-VP
down RB B-ADVP
. . O

But CC O
WCRS NNP B-NP
added VBD B-VP
that IN B-SBAR
`` `` O
in IN B-PP
the DT B-NP
light NN I-NP
of IN B-PP
the DT B-NP
current JJ I-NP
uncertainty NN I-NP
in IN B-PP
the DT B-NP
equity NN I-NP
markets NNS I-NP
, , O
'' '' O
it PRP B-NP
has VBZ B-VP
arranged VBN I-VP
medium-term JJ B-NP
debt NN I-NP
financing NN I-NP
, , O
which WDT B-NP
would MD B-VP
be VB I-VP
underwritten VBN I-VP
by IN B-PP
Samuel NNP B-NP
Montagu NNP I-NP
& CC I-NP
Co. NNP I-NP
Ltd NNP I-NP
. . O

Earthquake NN B-NP
's POS B-NP
Damage NN I-NP

Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
brought VBD B-VP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
ad NN I-NP
scene NN I-NP
to TO B-PP
a DT B-NP
screeching VBG I-NP
halt NN I-NP
yesterday NN B-NP
, , O
with IN B-PP
only RB B-NP
a DT I-NP
few JJ I-NP
staffers NNS I-NP
showing VBG B-VP
up IN B-PRT
at IN B-PP
their PRP$ B-NP
offices NNS I-NP
, , O
mainly RB B-ADVP
to TO B-VP
survey VB I-VP
the DT B-NP
damage NN I-NP
or CC O
to TO B-VP
wring VB I-VP
their PRP$ B-NP
hands NNS I-NP
about IN B-PP
imminent JJ B-NP
new-business NN I-NP
presentations NNS I-NP
. . O

While IN B-SBAR
no DT B-NP
agencies NNS I-NP
reported VBD B-VP
injuries NNS B-NP
to TO B-PP
employees NNS B-NP
, , O
the DT B-NP
quake NN I-NP
damaged VBD B-VP
the DT B-NP
offices NNS I-NP
of IN B-PP
J. NNP B-NP
Walter NNP I-NP
Thompson NNP I-NP
, , O
Chiat\/Day\/Mojo NNP B-NP
and CC O
DDB NNP B-NP
Needham NNP I-NP
, , O
among IN B-PP
others NNS B-NP
, , O
spokesmen NNS B-NP
for IN B-PP
those DT B-NP
agencies NNS I-NP
said VBD B-VP
. . O

Staffers NNS B-NP
at IN B-PP
Thompson NNP B-NP
, , O
whose WP$ B-NP
offices NNS I-NP
are VBP B-VP
in IN B-PP
the DT B-NP
ultramodern JJ I-NP
Embarcadero NNP I-NP
Center NNP I-NP
, , O
watched VBD B-VP
pictures NNS B-NP
drop VBP B-VP
from IN B-PP
the DT B-NP
walls NNS I-NP
and CC O
then RB O
felt VBD B-VP
the DT B-NP
skyscraper NN I-NP
sway NN B-VP
seven CD B-NP
to TO I-NP
eight CD I-NP
feet NNS I-NP
, , O
according VBG B-PP
to TO B-PP
a DT B-NP
spokeswoman NN I-NP
. . O

Plaster NNP B-NP
fell VBD B-VP
and CC O
windows NNS B-NP
were VBD B-VP
broken VBN I-VP
at IN B-PP
Chiat\/Day\/Mojo NNP B-NP
, , O
a DT B-NP
spokesman NN I-NP
for IN B-PP
that DT B-NP
agency NN I-NP
said VBD B-VP
. . O

Late JJ B-NP
yesterday NN I-NP
afternoon NN I-NP
, , O
DDB NNP B-NP
Needham NNP I-NP
executives NNS I-NP
were VBD B-VP
scrambling VBG I-VP
to TO I-VP
figure VB I-VP
out IN B-PRT
what WP B-NP
to TO B-VP
do VB I-VP
about IN B-PP
a DT B-NP
new JJ I-NP
business NN I-NP
presentation NN I-NP
that WDT B-NP
had VBD B-VP
been VBN I-VP
scheduled VBN I-VP
for IN B-PP
today NN B-NP
, , O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

DDB NNP B-NP
Needham NNP I-NP
's POS B-NP
office NN I-NP
building NN I-NP
may MD B-VP
have VB I-VP
sustained VBN I-VP
structural JJ B-NP
damage NN I-NP
, , O
the DT B-NP
spokesman NN I-NP
added VBD B-VP
. . O

`` `` O
All DT B-NP
operations NNS I-NP
have VBP B-VP
stopped VBN I-VP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

A DT B-NP
number NN I-NP
of IN B-PP
agencies NNS B-NP
, , O
including VBG B-PP
Thompson NNP B-NP
and CC I-NP
Foote NNP I-NP
, , I-NP
Cone NNP I-NP
& CC I-NP
Belding NNP I-NP
, , O
said VBD B-VP
some DT B-NP
employees NNS I-NP
who WP B-NP
live VBP B-VP
outside IN B-PP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
fearful JJ B-ADJP
that IN B-SBAR
they PRP B-NP
would MD B-VP
n't RB I-VP
be VB I-VP
able JJ B-ADJP
to TO B-VP
get VB I-VP
home NN B-ADVP
, , O
spent VBD B-VP
the DT B-NP
night NN I-NP
at IN B-PP
the DT B-NP
agency NN I-NP
. . O

Ad NN B-NP
Notes NNS I-NP
... : O
. . O

NEW JJ B-NP
ACCOUNT NN I-NP
: : O

Chesebrough-Pond NNP B-NP
's POS B-NP
Inc. NNP I-NP
, , O
Greenwich NNP B-NP
, , O
Conn. NNP B-NP
, , O
awarded VBD B-VP
its PRP$ B-NP
Faberge NNP I-NP
hair NN I-NP
care NN I-NP
accounts NNS I-NP
to TO B-PP
J. NNP B-NP
Walter NNP I-NP
Thompson NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
. . O

Thompson NNP B-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
WPP NNP B-NP
Group NNP I-NP
, , O
will MD B-VP
handle VB I-VP
Faberge NNP B-NP
Organic NNP I-NP
shampoo NN I-NP
and CC I-NP
conditioner NN I-NP
and CC O
Aqua NNP B-NP
Net JJ I-NP
hairspray NN I-NP
. . O

The DT B-NP
accounts NNS I-NP
, , O
which WDT B-NP
billed VBD B-VP
about RB B-NP
$ $ I-NP
7 CD I-NP
million CD I-NP
last JJ B-NP
year NN I-NP
, , O
according VBG B-PP
to TO B-PP
Leading VBG B-NP
National NNP I-NP
Advertisers NNS I-NP
, , O
were VBD B-VP
previously RB I-VP
handled VBN I-VP
at IN B-PP
Bozell NNP B-NP
, , O
New NNP B-NP
York NNP I-NP
. . O

WHO WP B-NP
'S VBZ B-VP
NEWS NN B-NP
: : O

William NNP B-NP
Morrissey NNP I-NP
, , O
44 CD B-NP
, , O
was VBD B-VP
named VBN I-VP
executive JJ B-NP
vice NN I-NP
president NN I-NP
, , O
world-wide JJ B-NP
director NN I-NP
of IN B-PP
McCann NNP B-NP
Direct JJ I-NP
, , O
the DT B-NP
direct JJ I-NP
marketing NN I-NP
unit NN I-NP
of IN B-PP
Interpublic NNP B-NP
Group NNP I-NP
's POS B-NP
McCann-Erickson NNP I-NP
agency NN I-NP
. . O

He PRP B-NP
had VBD B-VP
been VBN I-VP
president NN B-NP
and CC O
chief JJ B-NP
operating VBG I-NP
officer NN I-NP
of IN B-PP
Ogilvy NNP B-NP
& CC I-NP
Mather NNP I-NP
Direct JJ I-NP
. . O

BOZELL NNP B-NP
: : O

Los NNP B-NP
Angeles NNP I-NP
will MD B-VP
be VB I-VP
the DT B-NP
site NN I-NP
of IN B-PP
a DT B-NP
new JJ I-NP
entertainment NN I-NP
division NN I-NP
for IN B-PP
the DT B-NP
ad NN I-NP
agency NN I-NP
. . O

The DT B-NP
division NN I-NP
will MD B-VP
be VB I-VP
headed VBN I-VP
by IN B-PP
Dick NNP B-NP
Porter NNP I-NP
, , O
who WP B-NP
returns VBZ B-VP
to TO B-PP
Bozell NNP B-NP
after IN B-PP
being VBG B-VP
vice NN B-NP
president NN I-NP
of IN B-PP
media NNS B-NP
at IN B-PP
MGM NNP B-NP
. . O

AC&R NNP B-NP
ADVERTISING NNP I-NP
: : O

The DT B-NP
agency NN I-NP
's POS B-NP
three CD I-NP
California NNP I-NP
offices NNS I-NP
, , O
previously RB B-VP
called VBN I-VP
AC&R\/CCL NNP B-NP
Advertising NNP I-NP
, , O
will MD B-VP
now RB I-VP
be VB I-VP
called VBN I-VP
AC&R NNP B-NP
Advertising NNP I-NP
to TO B-VP
match VB I-VP
the DT B-NP
name NN I-NP
of IN B-PP
its PRP$ B-NP
New NNP I-NP
York NNP I-NP
office NN I-NP
. . O

AC&R NNP B-NP
Advertising NNP I-NP
is VBZ B-VP
a DT B-NP
unit NN I-NP
of IN B-PP
Saatchi NNP B-NP
& CC I-NP
Saatchi NNP I-NP
Co NNP I-NP
. . O

NEW JJ B-NP
BEER NN I-NP
: : O

Sibra NNP B-NP
Products NNP I-NP
Inc. NNP I-NP
, , O
Greenwich NNP B-NP
, , O
Conn. NNP B-NP
, , O
awarded VBD B-VP
its PRP$ B-NP
Cardinal NNP I-NP
Amber NNP I-NP
Light NNP I-NP
beer NN I-NP
account NN I-NP
to TO B-PP
Heidelberg NNP B-NP
& CC I-NP
Associates NNPS I-NP
, , O
New NNP B-NP
York NNP I-NP
. . O

Budget NNP B-NP
is VBZ B-VP
set VBN I-VP
at IN B-PP
$ $ B-NP
1.5 CD I-NP
million CD I-NP
. . O

The DT B-NP
new JJ I-NP
beer NN I-NP
, , O
introduced VBD B-VP
this DT B-NP
week NN I-NP
at IN B-PP
a DT B-NP
liquor NN I-NP
industry NN I-NP
convention NN I-NP
, , O
is VBZ B-VP
imported VBN I-VP
from IN B-PP
Switzerland NNP B-NP
's POS B-NP
Cardinal NNP I-NP
brewery NN I-NP
. . O

Heidelberg NNP B-NP
's POS B-NP
first JJ I-NP
ads NNS I-NP
for IN B-PP
the DT B-NP
brand NN I-NP
, , O
which WDT B-NP
Sibra NNP B-NP
says VBZ B-VP
will MD B-VP
compete VB I-VP
with IN B-PP
imported VBN B-NP
light NN I-NP
beer NN I-NP
leader NN I-NP
Amstel NNP I-NP
Light NNP I-NP
, , O
feature NN B-VP
the DT B-NP
line NN I-NP
`` `` O
The DT B-NP
best JJS I-NP
tasting VBG I-NP
light NN I-NP
beer NN I-NP
you PRP B-NP
've VBP B-VP
ever RB I-VP
seen VBN I-VP
. . O

Diamond-Star NNP B-NP
Motors NNPS I-NP
Corp. NNP I-NP
, , O
a DT B-NP
joint JJ I-NP
venture NN I-NP
of IN B-PP
Chrysler NNP B-NP
Corp. NNP I-NP
and CC O
Mitsubishi NNP B-NP
Motors NNPS I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
begin VB I-VP
shipping VBG I-VP
Mitsubishi NNP B-NP
Eclipse NNP I-NP
cars NNS I-NP
to TO B-PP
Japan NNP B-NP
next JJ B-NP
week NN I-NP
, , O
emulating VBG B-VP
other JJ B-NP
Japanese JJ I-NP
auto NN I-NP
ventures NNS I-NP
shipping VBG B-VP
U.S.-built JJ B-NP
vehicles NNS I-NP
back RB B-ADVP
to TO B-PP
Japan NNP B-NP
. . O

Diamond-Star NNP B-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
export VB I-VP
about IN B-NP
1,500 CD I-NP
Eclipse NNP I-NP
cars NNS I-NP
to TO B-PP
Japan NNP B-NP
by IN B-PP
year NN B-NP
's POS B-NP
end NN I-NP
. . O

Honda NNP B-NP
Motor NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
first JJ I-NP
Japanese JJ I-NP
auto NN I-NP
maker NN I-NP
to TO B-VP
ship VB I-VP
cars NNS B-NP
to TO B-PP
Japan NNP B-NP
from IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
is VBZ B-VP
now RB I-VP
exporting VBG I-VP
more JJR B-NP
than IN I-NP
5,000 CD I-NP
Accord NNP I-NP
Coupes NNP I-NP
a DT B-NP
year NN I-NP
from IN B-PP
its PRP$ B-NP
Marysville NNP I-NP
, , I-NP
Ohio NNP I-NP
, , I-NP
factory NN I-NP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
remarkable JJ I-NP
features NNS I-NP
of IN B-PP
the DT B-NP
forced VBN I-NP
marches NNS I-NP
of IN B-PP
the DT B-NP
ethnic JJ I-NP
Turks NNPS I-NP
out IN B-PP
of IN B-PP
Bulgaria NNP B-NP
over IN B-PP
the DT B-NP
past JJ I-NP
five CD I-NP
months NNS I-NP
has VBZ B-VP
been VBN I-VP
the DT B-NP
lack NN I-NP
of IN B-PP
international JJ B-NP
attention NN I-NP
. . O

The DT B-NP
deportation NN I-NP
of IN B-PP
more JJR B-NP
than IN I-NP
315,000 CD I-NP
men NNS I-NP
, , I-NP
women NNS I-NP
and CC I-NP
children NNS I-NP
by IN B-PP
the DT B-NP
Bulgarian JJ I-NP
regime NN I-NP
adds VBZ B-VP
up IN B-PRT
to TO B-PP
one CD B-NP
of IN B-PP
the DT B-NP
largest JJS I-NP
migrations NNS I-NP
seen VBN B-VP
in IN B-PP
the DT B-NP
postwar JJ I-NP
years NNS I-NP
. . O

Yet RB O
some DT B-NP
people NNS I-NP
are VBP B-VP
advancing VBG I-VP
a DT B-NP
chilling VBG I-NP
casuistry NN I-NP
: : O
that IN B-SBAR
what WP B-NP
we PRP B-NP
are VBP B-VP
seeing VBG I-VP
is VBZ B-VP
somehow RB B-ADVP
the DT B-NP
understandable JJ I-NP
result NN I-NP
of IN B-PP
the DT B-NP
historical JJ I-NP
sins NNS I-NP
committed VBN B-VP
by IN B-PP
the DT B-NP
Turks NNPS I-NP
in IN B-PP
the DT B-NP
16th JJ I-NP
century NN I-NP
. . O

Today NN B-NP
's POS B-NP
Turks NNPS I-NP
in IN B-PP
Bulgaria NNP B-NP
, , O
in IN B-PP
other JJ B-NP
words NNS I-NP
, , O
deserve VBP B-VP
what WP B-NP
is VBZ B-VP
coming VBG I-VP
to TO B-PP
them PRP B-NP
four CD B-NP
centuries NNS I-NP
later RB B-ADVP
. . O

As IN B-SBAR
if IN I-SBAR
this DT B-NP
were VBD B-VP
n't RB O
enough RB B-ADVP
, , O
the DT B-NP
Senate NNP I-NP
Judiciary NNP I-NP
Committee NNP I-NP
is VBZ B-VP
getting VBG I-VP
into IN B-PP
the DT B-NP
act NN I-NP
. . O

On IN B-PP
Tuesday NNP B-NP
it PRP B-NP
approved VBD B-VP
Senator NNP B-NP
Bob NNP I-NP
Dole NNP I-NP
's POS B-NP
proposed VBN I-NP
commemorative JJ I-NP
resolution NN I-NP
designating VBG B-VP
April NNP B-NP
24 CD I-NP
, , O
1990 CD B-NP
, , O
as IN B-PP
the DT B-NP
`` `` I-NP
National NNP I-NP
Day NNP I-NP
of IN B-PP
Remembrance NN B-NP
of IN B-PP
the DT B-NP
75th CD I-NP
Anniversary NNP I-NP
of IN B-PP
the DT B-NP
Armenian JJ I-NP
Genocide NN I-NP
of IN B-PP
1915-1923 CD B-NP
, , O
'' '' O
suffered VBD B-VP
at IN B-PP
the DT B-NP
hands NNS I-NP
of IN B-PP
the DT B-NP
warring VBG I-NP
Ottoman NNP I-NP
Empire NNP I-NP
. . O

There EX B-NP
can MD B-VP
be VB I-VP
no DT B-NP
quibbling VBG I-NP
that IN B-SBAR
the DT B-NP
Armenians NNPS I-NP
endured VBD B-VP
terrible JJ B-NP
suffering NN I-NP
, , O
but CC O
one CD B-NP
has VBZ B-VP
to TO I-VP
wonder VB I-VP
what WP B-NP
possible JJ I-NP
good JJ I-NP
such JJ B-NP
a DT I-NP
resolution NN I-NP
will MD B-VP
achieve VB I-VP
. . O

It PRP B-NP
puts VBZ B-VP
great JJ B-NP
strain NN I-NP
on IN B-PP
a DT B-NP
longstanding JJ I-NP
U.S. NNP I-NP
friendship NN I-NP
with IN B-PP
Turkey NNP B-NP
, , O
a DT B-NP
country NN I-NP
that WDT B-NP
has VBZ B-VP
been VBN I-VP
one CD B-NP
of IN B-PP
America NNP B-NP
's POS B-NP
strongest JJS I-NP
allies NNS I-NP
in IN B-PP
NATO NNP B-NP
. . O

The DT B-NP
resolution NN I-NP
also RB B-ADVP
comes VBZ B-VP
at IN B-PP
a DT B-NP
time NN I-NP
when WRB B-ADVP
Turkey NNP B-NP
has VBZ B-VP
been VBN I-VP
seeking VBG I-VP
help VB B-NP
from IN B-PP
the DT B-NP
United NNP I-NP
States NNPS I-NP
in IN B-PP
resolving VBG B-VP
its PRP$ B-NP
Bulgarian JJ I-NP
emigration NN I-NP
controversy NN I-NP
and CC O
pursuing VBG B-VP
democratic JJ B-NP
reforms NNS I-NP
that WDT B-NP
may MD B-VP
lead VB I-VP
to TO B-PP
membership NN B-NP
in IN B-PP
the DT B-NP
European NNP I-NP
Community NNP I-NP
. . O

Turkey NNP B-NP
has VBZ B-VP
been VBN I-VP
fighting VBG I-VP
its PRP$ B-NP
past JJ I-NP
for IN B-PP
years NNS B-NP
, , O
and CC O
thus RB B-VP
far RB I-VP
has VBZ I-VP
been VBN I-VP
only RB B-ADJP
partially RB I-ADJP
successful JJ I-ADJP
. . O

Must MD O
it PRP B-NP
now RB B-ADVP
accept VB B-VP
that IN B-SBAR
one CD B-NP
of IN B-PP
its PRP$ B-NP
strongest JJS I-NP
allies NNS I-NP
blames VBZ B-VP
it PRP B-NP
for IN B-PP
the DT B-NP
genocide NN I-NP
of IN B-PP
another DT B-NP
people NNS I-NP
? . O

Such JJ B-NP
sentiment NN I-NP
only RB B-ADVP
encourages VBZ B-VP
the DT B-NP
adverse JJ I-NP
feelings NNS I-NP
toward IN B-PP
Turkey NNP B-NP
that WDT B-NP
surfaced VBD B-VP
when WRB B-ADVP
Turkey NNP B-NP
asked VBD B-VP
for IN B-PP
assistance NN B-NP
in IN B-PP
dealing VBG B-VP
with IN B-PP
its PRP$ B-NP
Bulgarian JJ I-NP
emigration NN I-NP
crisis NN I-NP
. . O

Mr. NNP B-NP
Dole NNP I-NP
's POS B-NP
odd JJ I-NP
effort NN I-NP
notwithstanding IN B-PP
, , O
most RBS B-NP
of IN B-PP
Turkey NNP B-NP
's POS B-NP
political JJ I-NP
problems NNS I-NP
lie VBP B-VP
with IN B-PP
the DT B-NP
Europeans NNPS I-NP
. . O

Part NN B-NP
of IN B-PP
the DT B-NP
problem NN I-NP
some DT B-NP
Europeans NNPS I-NP
have VBP B-VP
with IN B-PP
Turkey NNP B-NP
seems VBZ B-VP
to TO I-VP
stem VB I-VP
from IN B-PP
its PRP$ B-NP
location NN I-NP
-- : O
Turkey NNP B-NP
is VBZ B-VP
n't RB O
really RB B-ADVP
part NN B-NP
of IN B-PP
Europe NNP B-NP
. . O

Why WRB B-ADVP
, , O
they PRP B-NP
wonder VBP B-VP
, , O
should MD O
it PRP B-NP
belong VB B-VP
to TO B-PP
the DT B-NP
EC NNP I-NP
? . O

Another DT B-NP
anti-Turkish JJ I-NP
hook NN I-NP
is VBZ B-VP
the DT B-NP
Islamic NNP I-NP
faith NN I-NP
of IN B-PP
the DT B-NP
majority NN I-NP
of IN B-PP
the DT B-NP
Turkish JJ I-NP
people NNS I-NP
: : O
Turkey NNP B-NP
, , O
we PRP B-NP
are VBP B-VP
told VBN I-VP
, , O
is VBZ B-VP
not RB O
a DT B-NP
Christian NNP I-NP
nation NN I-NP
; : O
its PRP$ B-NP
people NNS I-NP
simply RB B-ADVP
wo MD B-VP
n't RB I-VP
fit VB I-VP
in IN B-PRT
with IN B-PP
the DT B-NP
Western JJ I-NP
European JJ I-NP
Judeo-Christian JJ I-NP
tradition NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
when WRB B-ADVP
these DT B-NP
rationalizations NNS I-NP
fall VBP B-VP
on IN B-PP
deaf JJ B-NP
ears NNS I-NP
that IN B-SBAR
the DT B-NP
old JJ I-NP
standby NN I-NP
of IN B-PP
retribution NN B-NP
for IN B-PP
treatment NN B-NP
at IN B-PP
the DT B-NP
hands NNS I-NP
of IN B-PP
the DT B-NP
Ottoman NNP I-NP
Empire NNP I-NP
comes VBZ B-VP
to TO B-PP
the DT B-NP
fore NN I-NP
. . O

No DT B-NP
one CD I-NP
has VBZ B-VP
to TO I-VP
accept VB I-VP
the DT B-NP
sins NNS I-NP
of IN B-PP
the DT B-NP
Ottoman NNP I-NP
Empire NNP I-NP
to TO B-VP
reject VB I-VP
that DT B-NP
argument NN I-NP
. . O

Turkey NNP B-NP
in IN B-PP
any DT B-NP
event NN I-NP
is VBZ B-VP
long JJ B-ADVP
past JJ O
it PRP B-NP
. . O

The DT B-NP
country NN I-NP
has VBZ B-VP
in IN B-PP
recent JJ B-NP
years NNS I-NP
accepted VBN B-VP
more JJR B-NP
than IN I-NP
500,000 CD I-NP
refugees NNS I-NP
from IN B-PP
at IN B-NP
least JJS I-NP
four CD I-NP
bordering VBG I-NP
nations NNS I-NP
. . O

Kurds NNPS B-NP
, , O
suffering VBG B-VP
what WP B-NP
many JJ B-NP
people NNS I-NP
consider VBP B-VP
to TO I-VP
be VB I-VP
a DT B-NP
current JJ I-NP
extermination NN I-NP
campaign NN I-NP
at IN B-PP
the DT B-NP
hands NNS I-NP
of IN B-PP
Syria NNP B-NP
, , I-NP
Iran NNP I-NP
and CC I-NP
Iraq NNP I-NP
have VBP B-VP
inundated VBN I-VP
eastern JJ B-NP
Turkey NNP I-NP
. . O

Now RB B-ADVP
it PRP B-NP
is VBZ B-VP
their PRP$ B-NP
fellow NN I-NP
Turks NNPS I-NP
arriving VBG B-VP
as IN B-PP
refugees NNS B-NP
from IN B-PP
Bulgaria NNP B-NP
. . O

The DT B-NP
Turkish JJ I-NP
refugee NN I-NP
tragedy NN I-NP
and CC O
the DT B-NP
ongoing JJ I-NP
crisis NN I-NP
can MD B-VP
not RB I-VP
be VB I-VP
ignored VBN I-VP
and CC O
shuttled VBD B-VP
off IN B-ADVP
to TO B-PP
that IN B-NP
notorious JJ I-NP
dustbin NN I-NP
of IN B-PP
history NN B-NP
that WDT B-NP
has VBZ B-VP
become VBN I-VP
so RB B-ADJP
convenient JJ I-ADJP
recently RB B-ADVP
. . O

Surely RB B-ADVP
, , O
the DT B-NP
past JJ I-NP
suffering NN I-NP
of IN B-PP
any DT B-NP
people NNS I-NP
at IN B-PP
any DT B-NP
time NN I-NP
can MD B-VP
not RB I-VP
be VB I-VP
simply RB I-VP
filed VBN I-VP
away RB B-ADVP
and CC O
forgotten VBN B-VP
. . O

But CC O
what WP B-NP
the DT B-NP
Senate NNP I-NP
Judiciary NNP I-NP
Committee NNP I-NP
has VBZ B-VP
done VBN I-VP
in IN B-PP
supporting VBG B-VP
the DT B-NP
strongly RB I-NP
worded VBN I-NP
Armenian JJ I-NP
resolution NN I-NP
achieves VBZ B-VP
no DT B-NP
useful JJ I-NP
end NN I-NP
; : O
it PRP B-NP
merely RB B-ADVP
produces VBZ B-VP
more JJR B-NP
controversy NN I-NP
and CC O
embittered VBN B-NP
memories NNS I-NP
. . O

Congress NNP B-NP
has VBZ B-VP
enough JJ B-NP
difficulty NN I-NP
dealing VBG B-VP
with IN B-PP
the DT B-NP
realities NNS I-NP
of IN B-PP
the DT B-NP
world NN I-NP
as IN B-SBAR
it PRP B-NP
currently RB B-ADVP
exists VBZ B-VP
. . O

Bulgaria NNP B-NP
's POS B-NP
government NN I-NP
has VBZ B-VP
been VBN I-VP
behaving VBG I-VP
beyond IN B-PP
the DT B-NP
pale NN I-NP
for IN B-PP
months NNS B-NP
, , O
and CC O
the DT B-NP
U.S. NNP I-NP
does VBZ B-VP
its PRP$ B-NP
values NNS I-NP
no DT B-NP
credit NN I-NP
by IN B-PP
ignoring VBG B-VP
that IN B-NP
while IN B-SBAR
casting VBG B-VP
its PRP$ B-NP
votes NNS I-NP
into IN B-PP
the DT B-NP
past NN I-NP
. . O

Many JJ B-NP
in IN B-PP
Washington NNP B-NP
say VBP B-VP
President NNP B-NP
Bush NNP I-NP
will MD B-VP
have VB I-VP
to TO I-VP
raise VB I-VP
taxes NNS B-NP
to TO B-VP
pay VB I-VP
for IN B-PP
his PRP$ B-NP
war NN I-NP
on IN B-PP
drugs NNS B-NP
. . O

We PRP B-NP
have VBP B-VP
a DT B-NP
better JJR I-NP
idea NN I-NP
: : O
Dismantle VB B-VP
HUD NNP B-NP
to TO B-VP
pay VB I-VP
for IN B-PP
the DT B-NP
war NN I-NP
on IN B-PP
drugs NNS B-NP
. . O

Housing NNP B-NP
and CC O
Urban NNP B-NP
Development NNP I-NP
's POS B-NP
budget NN I-NP
is VBZ B-VP
$ $ B-NP
17 CD I-NP
billion CD I-NP
. . O

From IN B-PP
what WP B-NP
we PRP B-NP
and CC O
the DT B-NP
nation NN I-NP
have VBP B-VP
been VBN I-VP
reading NN I-VP
, , O
the DT B-NP
money NN I-NP
is VBZ B-VP
n't RB I-VP
being VBG I-VP
spent VBN I-VP
very RB B-ADVP
well RB I-ADVP
. . O

The DT B-NP
single JJ I-NP
most RBS I-NP
important JJ I-NP
contribution NN I-NP
the DT B-NP
government NN I-NP
could MD B-VP
make VB I-VP
now RB B-ADVP
to TO B-VP
help VB I-VP
the DT B-NP
poor NN I-NP
is VBZ B-VP
to TO B-VP
get VB I-VP
the DT B-NP
specter NN I-NP
of IN B-PP
drugs NNS B-NP
out IN B-PP
of IN B-PP
their PRP$ B-NP
neighborhoods NNS I-NP
. . O

If IN B-SBAR
that DT B-NP
takes VBZ B-VP
money NN B-NP
, , O
take VB B-VP
it PRP B-NP
away RB B-ADVP
from IN B-PP
this DT B-NP
discredited VBN I-NP
federal JJ I-NP
department NN I-NP
. . O

But CC O
of IN B-PP
course NN B-NP
the DT B-NP
Democrats NNPS I-NP
pillorying VBG B-VP
HUD NNP B-NP
in IN B-PP
hearings NNS B-NP
and CC B-PP
in IN B-PP
the DT B-NP
press NN I-NP
have VBP B-VP
no DT B-NP
such JJ I-NP
solution NN I-NP
in IN B-PP
mind NN B-NP
. . O

Instead RB B-ADVP
, , O
they PRP B-NP
're VBP B-VP
scrambling VBG I-VP
to TO I-VP
protect VB I-VP
the DT B-NP
very JJ I-NP
programs NNS I-NP
at IN B-PP
the DT B-NP
heart NN I-NP
of IN B-PP
the DT B-NP
HUD NNP I-NP
scandal NN I-NP
. . O

This DT B-NP
month NN I-NP
, , O
HUD NNP B-NP
Secretary NNP I-NP
Jack NNP I-NP
Kemp NNP I-NP
unveiled VBD B-VP
a DT B-NP
series NN I-NP
of IN B-PP
proposed VBN B-NP
reforms NNS I-NP
to TO B-VP
improve VB I-VP
management NN B-NP
at IN B-PP
HUD NNP B-NP
. . O

No DT B-NP
doubt NN I-NP
many NN B-NP
of IN B-PP
his PRP$ B-NP
ideas NNS I-NP
are VBP B-VP
worthy JJ B-ADJP
, , O
but CC O
ultimately RB B-ADVP
he PRP B-NP
is VBZ B-VP
proposing VBG I-VP
to TO I-VP
make VB I-VP
fundamentally RB B-NP
flawed JJ I-NP
programs NNS I-NP
work VBP B-VP
slightly RB B-ADVP
more RBR I-ADVP
fairly RB I-ADVP
and CC I-ADVP
efficiently RB I-ADVP
. . O

Congress NNP B-NP
is VBZ B-VP
unlikely JJ B-ADJP
to TO B-VP
go VB I-VP
even RB B-ADVP
that DT I-ADVP
far RB I-ADVP
. . O

Last JJ B-NP
week NN I-NP
, , O
Secretary NNP B-NP
Kemp NNP I-NP
ran VBD B-VP
into IN B-PP
a DT B-NP
buzzsaw NN I-NP
of IN B-PP
criticism NN B-NP
from IN B-PP
House NNP B-NP
Banking NNP I-NP
Committee NNP I-NP
members NNS I-NP
. . O

They PRP B-NP
were VBD B-VP
appalled VBN B-ADJP
, , O
for IN B-PP
instance NN B-NP
, , O
that IN B-SBAR
he PRP B-NP
wanted VBD B-VP
to TO I-VP
target VB I-VP
more JJR B-NP
of IN B-PP
the DT B-NP
$ $ I-NP
3 CD I-NP
billion CD I-NP
Community NNP I-NP
Development NNP I-NP
Block NNP I-NP
Grant NNP I-NP
-LRB- ( O
CDBG NNP O
-RRB- ) O
program NN B-NP
to TO B-PP
low-income JJ B-NP
projects NNS I-NP
and CC O
zero CD B-VP
out RP B-PRT
the IN B-NP
notorious JJ I-NP
`` `` I-NP
discretionary JJ I-NP
'' '' I-NP
funds NNS I-NP
that WDT B-NP
have VBP B-VP
allowed VBN I-VP
HUD NNP B-NP
officials NNS I-NP
to TO B-VP
steer VB I-VP
contracts NNS B-NP
to TO B-PP
political JJ B-NP
cronies NNS I-NP
. . O

These DT B-NP
development NN I-NP
grants NNS I-NP
mainly RB B-ADVP
enrich VBP B-VP
developers NNS B-NP
who WP B-NP
want VBP B-VP
to TO I-VP
put VB I-VP
up IN B-PRT
shopping NN B-NP
centers NNS I-NP
and CC O
parking NN B-NP
garages NNS I-NP
. . O

They PRP B-NP
also RB B-ADVP
give VBP B-VP
those DT B-NP
in NN B-PP
Congress NNP B-NP
political JJ B-NP
credit NN I-NP
for IN B-PP
bringing VBG B-VP
home NN B-ADVP
the DT B-NP
pork NN I-NP
, , O
and CC O
so IN O
they PRP B-NP
are VBP B-VP
popular JJ B-ADJP
with IN B-PP
such JJ B-NP
Members NNS I-NP
as IN B-PP
Mary NNP B-NP
Rose NNP I-NP
Oakar NNP I-NP
. . O

Rep. NNP B-NP
Oakar NNP I-NP
, , O
a DT B-NP
Democrat NNP I-NP
from IN B-PP
Cleveland NNP B-NP
, , O
wants VBZ B-VP
a DT B-NP
$ $ I-NP
6.9 CD I-NP
million CD I-NP
grant NN I-NP
so RB B-SBAR
Cleveland NNP B-NP
can MD B-VP
build VB I-VP
an DT B-NP
18-story NNP I-NP
Rock NNP I-NP
and CC I-NP
Roll NNP I-NP
Hall NNP I-NP
of IN B-PP
Fame NNP B-NP
. . O

She PRP B-NP
says VBZ B-VP
it PRP B-NP
'd MD B-VP
create VB I-VP
600 CD B-NP
jobs NNS I-NP
and CC O
bring VB B-VP
Cleveland NNP B-NP
tourist NN B-NP
revenue NN I-NP
. . O

HUD NNP B-NP
says VBZ B-VP
the DT B-NP
project NN I-NP
does VBZ B-VP
n't RB I-VP
qualify VB I-VP
, , O
and CC O
Mr. NNP B-NP
Kemp NNP I-NP
says VBZ B-VP
that DT O
rock NN B-NP
'n' NN I-NP
roll NN I-NP
musicians NNS I-NP
and CC O
the DT B-NP
music NN I-NP
industry NN I-NP
ought MD B-VP
to TO I-VP
put VB I-VP
up IN B-PRT
the DT B-NP
money NN I-NP
. . O

At IN B-PP
the DT B-NP
hearing NN I-NP
, , O
Rep. NNP B-NP
Oakar NNP I-NP
started VBD B-VP
wailing VBG I-VP
about IN B-PP
`` `` O
phoney JJ B-NP
baloney NN I-NP
regulations NNS I-NP
'' '' O
that WDT B-NP
would MD B-VP
stand VB I-VP
between IN B-PP
her PRP$ B-NP
and CC O
`` `` O
housing NN B-NP
for IN B-PP
downtown NN B-NP
Cleveland NNP I-NP
. . O
'' '' O

Rep. NNP B-NP
Chalmers NNP I-NP
Wylie NNP I-NP
, , O
an DT B-NP
Ohio NNP I-NP
Republican NNP I-NP
, , O
rallied VBD B-VP
to TO B-PP
the DT B-NP
cause NN I-NP
: : O
`` `` O
I PRP B-NP
think VBP B-VP
the DT B-NP
gentlelady NN I-NP
is VBZ B-VP
making VBG I-VP
an DT B-NP
important JJ I-NP
statement NN I-NP
. . O

The DT B-NP
implication NN I-NP
that IN B-SBAR
if IN B-SBAR
a DT B-NP
congressman NN I-NP
calls VBZ B-VP
about IN B-PP
a DT B-NP
project NN I-NP
in IN B-PP
his PRP$ B-NP
district NN I-NP
there EX B-NP
's VBZ B-VP
something NN B-NP
wrong JJ B-ADJP
, , O
I PRP B-NP
think VBP B-VP
is VBZ B-VP
most RBS B-ADJP
unfortunate JJ I-ADJP
. . O
'' '' O

We PRP B-NP
're VBP B-VP
sure JJ B-ADJP
some DT B-NP
theologian NN I-NP
can MD B-VP
explain VB I-VP
the DT B-NP
difference NN I-NP
between IN B-PP
what WP B-NP
the DT B-NP
Republican NNP I-NP
consultants NNS I-NP
have VBP B-VP
been VBN I-VP
doing VBG I-VP
with IN B-PP
HUD NNP B-NP
and CC O
what WP B-NP
these DT B-NP
gentleladies NNS I-NP
and CC I-NP
gentlemen NNS I-NP
want VBP B-VP
to TO I-VP
do VB I-VP
with IN B-PP
HUD NNP B-NP
. . O

Our PRP$ B-NP
view NN I-NP
is VBZ B-VP
that IN O
given VBN B-PP
Congress NNP B-NP
's POS B-NP
attitude NN I-NP
toward IN B-PP
HUD NNP B-NP
, , O
the DT B-NP
place NN I-NP
probably RB B-ADVP
is VBZ B-VP
beyond IN B-PP
reform NN B-NP
. . O

For IN B-PP
more JJR B-NP
than IN I-NP
50 CD I-NP
years NNS I-NP
the DT B-NP
federal JJ I-NP
government NN I-NP
has VBZ B-VP
tried VBN I-VP
various JJ B-NP
ways NNS I-NP
to TO B-VP
provide VB I-VP
housing NN B-NP
for IN B-PP
the DT B-NP
poor JJ I-NP
and CC O
revive VB B-VP
cities NNS B-NP
. . O

In IN B-PP
the DT B-NP
process NN I-NP
HUD NNP B-NP
has VBZ B-VP
wasted VBN I-VP
untold JJ B-NP
billions NNS I-NP
, , O
created VBN B-VP
slums NNS B-NP
and CC O
invited VBN B-VP
corruption NN B-NP
. . O

Much RB B-NP
of IN B-PP
HUD NNP B-NP
's POS B-NP
spending NN I-NP
actually RB B-ADVP
is VBZ B-VP
disguised VBN B-NP
welfare NN I-NP
for IN B-PP
developers NNS B-NP
or CC O
the DT B-NP
middle NN I-NP
class NN I-NP
. . O

That DT B-NP
includes VBZ B-VP
the DT B-NP
CDBG NNP I-NP
funds NNS I-NP
and CC O
the DT B-NP
Federal NNP I-NP
Housing NNP I-NP
Administration NNP I-NP
, , O
which WDT B-NP
loans VBZ B-VP
out RP B-PRT
money NN B-NP
for IN B-PP
private JJ B-NP
home NN I-NP
mortgages NNS I-NP
and CC O
has VBZ B-VP
just RB I-VP
been VBN I-VP
discovered VBN I-VP
to TO I-VP
be VB I-VP
$ $ B-NP
4 CD I-NP
billion CD I-NP
in IN B-PP
the DT B-NP
hole NN I-NP
. . O

Selling VBG B-VP
the DT B-NP
FHA NNP I-NP
's POS B-NP
loan NN I-NP
portfolio NN I-NP
to TO B-PP
the DT B-NP
highest JJS I-NP
bidder NN I-NP
would MD B-VP
save VB I-VP
the DT B-NP
taxpayers NNS I-NP
untold JJ B-NP
billions NNS I-NP
in IN B-PP
future NN B-NP
losses NNS I-NP
. . O

Some DT B-NP
HUD NNP I-NP
money NN I-NP
actually RB B-ADVP
does VBZ B-VP
trickle NN I-VP
down RB B-ADVP
to TO B-PP
the DT B-NP
poor NN I-NP
, , O
and CC O
zeroing VBG B-VP
out RP B-PRT
housing NN B-NP
middlemen NNS I-NP
would MD B-VP
free VB I-VP
up IN B-PRT
more JJR B-NP
money NN I-NP
for IN B-SBAR
public JJ B-NP
housing NN I-NP
tenants NNS I-NP
to TO B-VP
manage VB I-VP
and CC O
even RB B-ADVP
own JJ B-VP
their PRP$ B-NP
units NNS I-NP
. . O

The DT B-NP
rest NN I-NP
ought MD B-VP
to TO I-VP
be VB I-VP
used VBN I-VP
to TO B-VP
clean VB I-VP
out RP B-PRT
drugs NNS B-NP
from IN B-PP
the DT B-NP
neighbhorhoods NNS I-NP
. . O

Rival JJ B-NP
gangs NNS I-NP
have VBP B-VP
turned VBN I-VP
cities NNS B-NP
into IN B-PP
combat NN B-NP
zones NNS I-NP
. . O

Even RB O
suburban JJ O
Prince NNP B-NP
George NNP I-NP
's POS B-NP
County NNP I-NP
, , O
Md. NNP B-NP
, , O
reported VBD B-VP
last JJ B-NP
week NN I-NP
there EX B-NP
have VBP B-VP
been VBN I-VP
a DT B-NP
record NN I-NP
96 CD I-NP
killings NNS I-NP
there EX B-ADVP
this DT B-NP
year NN I-NP
, , O
most RBS B-NP
of IN B-PP
them PRP B-NP
drug-related JJ B-ADJP
. . O

Innocent JJ B-NP
bystanders NNS I-NP
often RB B-ADVP
are VBP B-VP
the DT B-NP
victims NNS I-NP
. . O

A DT B-NP
man NN I-NP
in IN B-PP
a DT B-NP
wheelchair NN I-NP
was VBD B-VP
gunned VBN I-VP
down RB B-ADVP
in IN B-PP
the DT B-NP
crossfire NN I-NP
of IN B-PP
a DT B-NP
Miami NNP I-NP
drug NN I-NP
battle NN I-NP
. . O

A DT B-NP
three-year-old JJ I-NP
Brooklyn NNP I-NP
boy NN I-NP
was VBD B-VP
used VBN I-VP
as IN B-PP
a DT B-NP
shield NN I-NP
by IN B-PP
a DT B-NP
drug NN I-NP
dealer NN I-NP
. . O

Decent JJ B-NP
life NN I-NP
in IN B-PP
the DT B-NP
inner JJ I-NP
cities NNS I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
restored VBN I-VP
unless IN B-SBAR
the DT B-NP
government NN I-NP
reclaims VBZ B-VP
the DT B-NP
streets NNS I-NP
from IN B-PP
the DT B-NP
drug NN I-NP
gangs NNS I-NP
. . O

Until IN B-PP
then RB B-NP
, , O
the DT B-NP
billions NNS I-NP
HUD NNP B-NP
spends VBZ B-VP
on IN B-PP
inner-city JJ B-NP
housing NN I-NP
simply RB B-ADVP
is VBZ B-VP
wasted VBN I-VP
. . O

It PRP B-NP
's VBZ B-VP
still RB B-ADVP
unclear JJ B-ADJP
whether IN B-SBAR
Secretary NNP B-NP
Kemp NNP I-NP
wants VBZ B-VP
to TO I-VP
completely RB I-VP
overhaul NN I-VP
the DT B-NP
engine NN I-NP
room NN I-NP
at IN B-PP
HUD NNP B-NP
or CC O
just RB B-ADVP
tighten VB B-VP
a DT B-NP
few JJ I-NP
screws NNS I-NP
here RB B-ADVP
and CC I-ADVP
there RB I-ADVP
. . O

No DT B-NP
doubt NN I-NP
he PRP B-NP
believes VBZ B-VP
the DT B-NP
place NN I-NP
can MD B-VP
be VB I-VP
salvaged VBN I-VP
. . O

Having VBG B-VP
seen VBN I-VP
the DT B-NP
hypocrisy NN I-NP
with IN B-PP
which WDT B-NP
Congress NNP B-NP
has VBZ B-VP
addressed VBN I-VP
the DT B-NP
HUD NNP I-NP
scandals NNS I-NP
, , O
we PRP B-NP
disagree VBP B-VP
. . O

It PRP B-NP
's VBZ B-VP
time NN B-NP
to TO B-VP
scrap VB I-VP
the DT B-NP
politically RB I-NP
infested VBN I-NP
spending NN I-NP
machine NN I-NP
HUD NNP B-NP
has VBZ B-VP
become VBN I-VP
and CC O
channel VB B-VP
the DT B-NP
resources NNS I-NP
into IN B-PP
the DT B-NP
drug NN I-NP
war NN I-NP
. . O

Randy NNP B-NP
Delchamps NNP I-NP
was VBD B-VP
named VBN I-VP
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
this DT B-NP
grocery NN I-NP
chain NN I-NP
. . O

Mr. NNP B-NP
Delchamps NNP I-NP
, , O
46 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
succeeds VBZ B-VP
A.F. NNP B-NP
Delchamps NNP I-NP
Jr. NNP I-NP
, , O
who WP B-NP
died VBD B-VP
in IN B-PP
a DT B-NP
plane NN I-NP
crash NN I-NP
on IN B-PP
Sunday NNP B-NP
at IN B-PP
the DT B-NP
age NN I-NP
of IN B-PP
58 CD B-NP
. . O

Randy NNP B-NP
Delchamps NNP I-NP
retains VBZ B-VP
his PRP$ B-NP
position NN I-NP
as IN B-PP
president NN B-NP
. . O

Natural JJ B-NP
upheavals NNS I-NP
, , O
and CC O
most RBS B-ADVP
particularly RB I-ADVP
earthquakes NNS B-NP
, , O
are VBP B-VP
not RB B-CONJP
only RB O
horrible JJ B-NP
realities NNS I-NP
in IN B-PP
and CC I-PP
of IN I-PP
themselves PRP B-NP
, , O
but CC B-CONJP
also RB I-CONJP
symbols NNS B-NP
through IN B-PP
which WDT B-NP
the DT B-NP
state NN I-NP
of IN B-PP
a DT B-NP
society NN I-NP
can MD B-VP
be VB I-VP
construed VBN I-VP
. . O

The DT B-NP
rubble NN I-NP
after IN B-PP
the DT B-NP
Armenian JJ I-NP
earthquake NN I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
disclosed VBD B-VP
, , O
quite RB B-ADVP
literally RB I-ADVP
, , O
a DT B-NP
city NN I-NP
whose WP$ B-NP
larger JJR I-NP
structures NNS I-NP
had VBD B-VP
been VBN I-VP
built VBN I-VP
with IN B-PP
sand NN B-NP
. . O

The DT B-NP
extent NN I-NP
of IN B-PP
the DT B-NP
disaster NN I-NP
stemmed VBD B-VP
from IN B-PP
years NNS B-NP
of IN B-PP
chicanery NN B-NP
and CC O
bureaucratic JJ B-NP
indifference NN I-NP
. . O

The DT B-NP
larger RBR I-NP
parallel JJ I-NP
after IN B-PP
the DT B-NP
earthquake NN I-NP
centered VBN B-VP
south RB B-ADVP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
is VBZ B-VP
surely RB B-ADVP
with IN B-PP
the DT B-NP
state NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
economy NN I-NP
. . O

Did VBD O
the DT B-NP
stock-market NN I-NP
tremors NNS I-NP
of IN B-PP
Friday NNP B-NP
, , O
Oct. NNP B-NP
13 CD I-NP
, , O
presage VB B-VP
larger JJR B-NP
fragility NN I-NP
, , O
far RB B-NP
greater JJR I-NP
upheavals NNS I-NP
? . O

Are VBP O
the DT B-NP
engineering NN I-NP
and CC I-NP
architecture NN I-NP
of IN B-PP
the DT B-NP
economy NN I-NP
as RB B-ADJP
vulnerable JJ I-ADJP
as IN B-PP
the DT B-NP
spans NNS I-NP
of IN B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
? . O

The DT B-NP
eerie JJ I-NP
complacency NN I-NP
of IN B-PP
the DT B-NP
Reagan-Bush JJ I-NP
era NN I-NP
has VBZ B-VP
produced VBN I-VP
Panglossian JJ B-NP
paeans NNS I-NP
about IN B-PP
the DT B-NP
present JJ I-NP
perfection NN I-NP
of IN B-PP
U.S. NNP B-NP
economic JJ I-NP
and CC I-NP
social JJ I-NP
arrangements NNS I-NP
. . O

A DT B-NP
licensed VBN I-NP
government NN I-NP
intellectual JJ I-NP
, , O
Francis NNP B-NP
Fukuyama NNP I-NP
, , O
recently RB B-ADVP
announced VBD B-VP
in IN B-PP
The DT B-NP
National NNP I-NP
Interest NN I-NP
that DT B-SBAR
history NN B-NP
is VBZ B-VP
, , O
so RB B-ADVP
to TO B-VP
speak VB I-VP
, , O
at IN B-PP
an DT B-NP
end NN I-NP
since IN B-SBAR
the DT B-NP
course NN I-NP
of IN B-PP
human JJ B-NP
progress NN I-NP
has VBZ B-VP
now RB I-VP
culminated VBN I-VP
in IN B-PP
the DT B-NP
glorious JJ I-NP
full JJ I-NP
stop NN I-NP
of IN B-PP
American JJ B-NP
civilization NN I-NP
. . O

His PRP$ B-NP
observations NNS I-NP
were VBD B-VP
taken VBN I-VP
seriously RB B-ADVP
. . O

But CC O
we PRP B-NP
are VBP B-VP
, , O
in IN B-PP
reality NN B-NP
, , O
witnessing VBG B-VP
the DT B-NP
continuing VBG I-NP
decline NN I-NP
of IN B-PP
the DT B-NP
political JJ I-NP
economy NN I-NP
of IN B-PP
capitalism NN B-NP
: : O
not RB B-NP
so RB B-ADVP
much JJ I-ADVP
the DT B-NP
end NN I-NP
of IN B-PP
history NN B-NP
but CC O
the DT B-NP
history NN I-NP
of IN B-PP
the DT B-NP
end NN I-NP
. . O

The DT B-NP
financial JJ I-NP
equivalent NN I-NP
of IN B-PP
the DT B-NP
sand NN I-NP
used VBN B-VP
by IN B-PP
those DT B-NP
Armenian JJ I-NP
contractors NNS I-NP
is VBZ B-VP
junk NN B-NP
bonds NNS I-NP
and CC O
the DT B-NP
leveraged JJ I-NP
buy-outs NNS I-NP
associated VBN B-VP
with IN B-PP
them PRP B-NP
. . O

Builders NNS B-NP
get VB B-VP
away RB B-ADVP
with IN B-PP
using VBG B-VP
sand NN B-NP
and CC O
financiers NNS B-NP
junk NN B-NP
when WRB B-ADVP
society NN B-NP
decides VBZ B-VP
it PRP B-NP
's VBZ B-VP
okay JJ B-ADJP
, , O
necessary JJ B-ADJP
even RB B-ADVP
, , O
to TO B-VP
look VB I-VP
the DT B-NP
other JJ I-NP
way NN I-NP
. . O

And CC O
by IN B-PP
the DT B-NP
early JJ I-NP
1980s CD I-NP
U.S. NNP B-NP
capitalists NNS I-NP
had VBD B-VP
ample JJ B-NP
reason NN I-NP
to TO B-VP
welcome VB I-VP
junk NN B-NP
bonds NNS I-NP
, , O
to TO B-VP
look VB I-VP
the DT B-NP
other JJ I-NP
way NN I-NP
. . O

By IN B-PP
that DT B-NP
time NN I-NP
they PRP B-NP
found VBD B-VP
extremely RB B-NP
low JJ I-NP
profit NN I-NP
rates NNS I-NP
from IN B-PP
non-financial JJ B-NP
corporate JJ I-NP
investment NN I-NP
. . O

Government NN B-NP
statistics NNS I-NP
in IN B-PP
fact NN B-NP
show NN B-VP
that IN B-SBAR
the DT B-NP
profit NN I-NP
rate NN I-NP
-- : O
net JJ B-NP
pretax JJ I-NP
profits NNS I-NP
divided VBN B-VP
by IN B-PP
capital NN B-NP
stock NN I-NP
-- : O
peaked VBD B-VP
in IN B-PP
1965 CD B-NP
at IN B-PP
17.2 CD B-NP
% NN I-NP
. . O

That DT B-NP
same JJ I-NP
calculation NN I-NP
saw VBD B-VP
profit NN B-NP
rates NNS I-NP
fall VBP B-VP
to TO B-PP
4.6 CD B-NP
% NN I-NP
in IN B-PP
the DT B-NP
recession NN I-NP
year NN I-NP
1982 CD B-NP
and CC O
the DT B-NP
supposed VBN I-NP
miracle NN I-NP
that WDT B-NP
followed VBD B-VP
has VBZ B-VP
seen VBN I-VP
the DT B-NP
profit NN I-NP
rate NN I-NP
rise NN B-VP
only RB B-ADVP
to TO B-PP
8.1 CD B-NP
% NN I-NP
in IN B-PP
1986 CD B-NP
and CC O
8 CD B-NP
% NN I-NP
in IN B-PP
1987 CD B-NP
. . O

Corresponding VBG B-VP
to TO B-PP
the DT B-NP
fall NN I-NP
in IN B-PP
profit NN B-NP
rates NNS I-NP
was VBD B-VP
-- : O
in IN B-PP
the DT B-NP
early JJ I-NP
1980s CD I-NP
-- : O
the DT B-NP
drop NN I-NP
in IN B-PP
the DT B-NP
number NN I-NP
arrived VBD B-VP
at IN B-PP
if IN B-SBAR
you PRP B-NP
divide VBP B-VP
the DT B-NP
market NN I-NP
value NN I-NP
of IN B-PP
firms NNS B-NP
by IN B-PP
the DT B-NP
replacement NN I-NP
costs NNS I-NP
of IN B-PP
their PRP$ B-NP
assets NNS I-NP
, , O
the DT B-NP
famous JJ I-NP
Q NN I-NP
ratio NN I-NP
associated VBN B-VP
with IN B-PP
Prof. NNP B-NP
James NNP I-NP
Tobin NNP I-NP
. . O

In IN B-PP
theory NN B-NP
, , O
the DT B-NP
value NN I-NP
attached VBN B-VP
to TO B-PP
a DT B-NP
firm NN I-NP
by IN B-PP
the DT B-NP
market NN I-NP
and CC O
the DT B-NP
cost NN I-NP
of IN B-PP
replacing VBG B-VP
its PRP$ B-NP
assets NNS I-NP
should MD B-VP
be VB I-VP
the DT B-NP
same JJ I-NP
. . O

But CC O
of IN B-PP
course NN B-NP
the DT B-NP
market NN I-NP
could MD B-VP
decide VB I-VP
that IN B-SBAR
the DT B-NP
firm NN I-NP
's POS B-NP
capital NN I-NP
stock NN I-NP
-- : O
its PRP$ B-NP
assets NNS I-NP
-- : O
means VBZ B-VP
nothing NN B-NP
if IN B-SBAR
the DT B-NP
firm NN I-NP
is VBZ B-VP
not RB I-VP
producing VBG I-VP
profits NNS B-NP
. . O

This DT B-NP
is VBZ B-VP
indeed RB B-ADVP
what WP B-NP
the DT B-NP
market NN I-NP
decided VBD B-VP
. . O

By IN B-PP
1982 CD B-NP
the DT B-NP
ratio NN I-NP
was VBD B-VP
43.5 CD B-NP
% NN I-NP
, , O
meaning NN B-VP
that IN B-SBAR
the DT B-NP
market NN I-NP
was VBD B-VP
valuing VBG I-VP
every DT B-NP
dollar NN I-NP
's POS B-NP
worth NN I-NP
of IN B-PP
the DT B-NP
average JJ I-NP
firm NN I-NP
's POS B-NP
assets NNS I-NP
at IN B-PP
43 CD B-NP
cents NNS I-NP
. . O

From IN B-PP
the DT B-NP
history NN I-NP
of IN B-PP
capitalism NN B-NP
we PRP B-NP
can MD B-VP
take VB I-VP
it PRP B-NP
as IN B-PP
a DT B-NP
sound NN I-NP
bet NN I-NP
that IN B-SBAR
if IN B-SBAR
it PRP B-NP
takes VBZ B-VP
only RB B-NP
43 CD I-NP
cents NNS I-NP
to TO B-VP
buy VB I-VP
a DT B-NP
dollar NN I-NP
's POS B-NP
worth NN I-NP
of IN B-PP
a DT B-NP
firm NN I-NP
's POS B-NP
capital NN I-NP
stock NN I-NP
, , O
an DT B-NP
alert JJ I-NP
entrepreneur NN I-NP
wo MD B-VP
n't RB I-VP
look VB I-VP
the DT B-NP
other JJ I-NP
way NN I-NP
. . O

His PRP$ B-NP
assumption NN I-NP
is VBZ B-VP
that IN B-SBAR
the DT B-NP
underlying VBG I-NP
profitability NN I-NP
rate NN I-NP
will MD B-VP
go VB I-VP
up IN B-ADVP
and CC O
the DT B-NP
capital NN I-NP
assets NNS I-NP
he PRP B-NP
bought VBD B-VP
on IN B-PP
the DT B-NP
cheap JJ I-NP
will MD B-VP
soon RB I-VP
be VB I-VP
producing VBG I-VP
profits NNS B-NP
, , O
thus RB B-ADVP
restoring VBG B-VP
the DT B-NP
market NN I-NP
's POS B-NP
faith NN I-NP
in IN B-PP
them PRP B-NP
. . O

Hence RB B-ADVP
the DT B-NP
LBO NNP I-NP
craze NN I-NP
. . O

But CC O
here RB B-NP
is VBZ B-VP
where WRB B-ADVP
the DT B-NP
entrepreneur NN I-NP
made VBD B-VP
a DT B-NP
very RB I-NP
risky JJ I-NP
bet NN I-NP
, , O
and CC O
where WRB B-ADVP
society NN B-NP
was VBD B-VP
maybe RB B-ADVP
foolish JJ B-ADJP
to TO B-VP
look VB I-VP
the DT B-NP
other JJ I-NP
way NN I-NP
. . O

The DT B-NP
profit NN I-NP
rate NN I-NP
is VBZ B-VP
still RB B-ADVP
low JJ B-ADJP
and CC O
the DT B-NP
Q NN I-NP
ratio NN I-NP
was VBD B-VP
only RB B-NP
65 CD I-NP
% NN I-NP
in IN B-PP
1987 CD B-NP
and CC O
68.9 CD B-NP
% NN I-NP
in IN B-PP
1988 CD B-NP
. . O

Result NN B-NP
: : O
a DT B-NP
landscape NN I-NP
littered VBN B-VP
with IN B-PP
lemons NNS B-NP
, , O
huge JJ B-NP
debt NN I-NP
burdens NNS I-NP
crushing VBG B-VP
down RB B-ADVP
upon IN B-PP
the DT B-NP
arch NN I-NP
and CC I-NP
spans NNS I-NP
of IN B-PP
corporate JJ B-NP
America NNP I-NP
. . O

The DT B-NP
mounting VBG I-NP
risks NNS I-NP
did VBD B-VP
not RB I-VP
go VB I-VP
unobserved JJ B-ADJP
, , O
even RB B-PP
in IN I-PP
the DT B-NP
mid-1980s NNS I-NP
. . O

But CC O
there EX B-NP
were VBD B-VP
enough JJ B-NP
promoters NNS I-NP
announcing VBG B-VP
the DT B-NP
end NN I-NP
of IN B-PP
history NN B-NP
-LRB- ( O
in IN B-PP
this DT B-NP
case NN I-NP
suspension NN B-NP
of IN B-PP
normal JJ B-NP
laws NNS I-NP
of IN B-PP
economic JJ B-NP
gravity NN I-NP
-RRB- ) O
for IN B-SBAR
society NN B-NP
to TO B-VP
continue VB I-VP
shielding VBG I-VP
its PRP$ B-NP
eyes NNS I-NP
. . O

Mainstream NN B-NP
economists NNS I-NP
and CC I-NP
commentators NNS I-NP
, , O
craning VBG B-VP
their PRP$ B-NP
necks NNS I-NP
up IN B-ADVP
at IN B-PP
the DT B-NP
great JJ I-NP
pyramids NNS I-NP
of IN B-PP
junk NN B-NP
financing NN I-NP
, , O
swiveling VBG B-VP
their PRP$ B-NP
heads NNS I-NP
to TO B-VP
watch VB I-VP
the DT B-NP
avalanche NN I-NP
of IN B-PP
leveraged JJ B-NP
buy-outs NNS I-NP
, , O
claimed VBD B-VP
the DT B-NP
end NN I-NP
result NN I-NP
would MD B-VP
be VB I-VP
a DT B-NP
leaner JJR I-NP
, , I-NP
meaner JJR I-NP
corporate JJ I-NP
America NNP I-NP
, , O
with IN B-PP
soaring VBG B-NP
productivity NN I-NP
and CC I-NP
profits NNS I-NP
and CC O
the DT B-NP
weaker RBR I-NP
gone VBN B-VP
to TO B-PP
the DT B-NP
wall NN I-NP
. . O

But CC O
this DT B-NP
is VBZ B-VP
not RB O
where WRB B-ADVP
the DT B-NP
rewards NNS I-NP
of IN B-PP
junk NN B-NP
financing NN I-NP
were VBD B-VP
found VBN I-VP
. . O

The DT B-NP
beneficiaries NNS I-NP
were VBD B-VP
those DT B-NP
financiers NNS I-NP
whose WP$ B-NP
icon NN I-NP
was VBD B-VP
the DT B-NP
topic NN I-NP
figure NN I-NP
of IN B-PP
'80s NNS B-NP
capitalism NN I-NP
, , O
Michael NNP B-NP
Milken NNP I-NP
's POS B-NP
$ $ B-ADJP
517 CD O
million CD O
salary NN B-NP
in IN B-PP
one CD B-NP
year NN I-NP
. . O

Left-stream JJ B-NP
economists NNS I-NP
I PRP B-NP
associate JJ B-VP
with IN B-PP
-- : O
fellows NNS B-NP
in IN B-PP
the DT B-NP
Union NNP I-NP
of IN B-PP
Radical NNP B-NP
Political JJ I-NP
Economists NNS I-NP
, , O
most RBS B-ADVP
particularly RB I-ADVP
Robert NNP B-NP
Pollin NNP I-NP
of IN B-PP
the DT B-NP
economics NNS I-NP
faculty NN I-NP
at IN B-PP
the DT B-NP
University NNP I-NP
of IN B-PP
California NNP B-NP
at IN B-PP
Riverside NNP B-NP
-- : O
were VBD B-VP
not RB I-VP
hypnotized VBN I-VP
in IN B-PP
the DT B-NP
manner NN I-NP
of IN B-PP
their PRP$ B-NP
pliant JJ I-NP
colleagues NNS I-NP
. . O

All DT B-ADVP
along IN I-ADVP
they PRP B-NP
have VBP B-VP
been VBN I-VP
noting VBG I-VP
the DT B-NP
tremors NNS I-NP
and CC O
pointing VBG B-VP
out RP B-PRT
the IN B-NP
underlying VBG I-NP
realities NNS I-NP
. . O

Profit NN B-NP
rates NNS I-NP
after IN B-PP
the DT B-NP
great JJ I-NP
merger NN I-NP
wave NN I-NP
are VBP B-VP
no DT B-ADJP
higher JJR I-ADJP
, , O
and CC O
now RB B-ADVP
we PRP B-NP
have VBP B-VP
an DT B-NP
extremely RB I-NP
high-interest JJ I-NP
burden NN I-NP
relative JJ B-ADJP
to TO B-PP
cash VB B-NP
flow NN I-NP
. . O

The DT B-NP
consequences NNS I-NP
of IN B-PP
building NN B-VP
empires NNS B-NP
with IN B-PP
sand NN B-NP
are VBP B-VP
showing VBG I-VP
up RB B-PRT
. . O

In IN B-PP
contrast NN B-NP
to TO B-PP
previous JJ B-NP
estimates NNS I-NP
reckoning VBG B-VP
the DT B-NP
default NN I-NP
rate NN I-NP
on IN B-PP
junk NN B-NP
bonds NNS I-NP
at IN B-PP
2 CD B-NP
% NN I-NP
or CC O
3 CD B-NP
% NN I-NP
, , O
a DT B-NP
Harvard NNP I-NP
study NN I-NP
published VBN B-VP
in IN B-PP
April NNP B-NP
of IN B-PP
this DT B-NP
year NN I-NP
-LRB- ( O
and CC O
discussed VBN B-VP
in IN B-PP
a DT B-NP
lead NN I-NP
story NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
for IN B-PP
Sept. NNP B-NP
18 CD I-NP
-RRB- ) O
found VBD B-VP
the DT B-NP
default NN I-NP
rate NN I-NP
on IN B-PP
these DT B-NP
junk NN I-NP
bonds NNS I-NP
is VBZ B-VP
34 CD B-NP
% NN I-NP
. . O

What WP B-NP
is VBZ B-VP
the DT B-NP
consequence NN I-NP
of IN B-PP
a DT B-NP
high-interest JJ I-NP
burden NN I-NP
, , O
high JJ B-NP
default NN I-NP
rates NNS I-NP
and CC O
continued VBD B-NP
low JJ I-NP
profitability NN I-NP
? . O

Corporations NNS B-NP
need VBP B-VP
liquidity NN B-NP
, , O
in IN B-PP
the DT B-NP
form NN I-NP
of IN B-PP
borrowed VBN B-NP
funds NNS I-NP
. . O

Without IN B-PP
liquidity NN B-NP
from IN B-PP
the DT B-NP
junk-bond NN I-NP
market NN I-NP
or CC O
cash NN B-NP
flow NN I-NP
from IN B-PP
profits NNS B-NP
, , O
they PRP B-NP
look VBP B-VP
to TO B-PP
the DT B-NP
government NN I-NP
, , O
which WDT B-NP
obediently RB B-VP
assists VBZ I-VP
the DT B-NP
natural JJ I-NP
motions NNS I-NP
of IN B-PP
the DT B-NP
capitalist JJ I-NP
economy NN I-NP
with IN B-PP
charity NN B-NP
in IN B-PP
the DT B-NP
form NN I-NP
of IN B-PP
cuts NNS B-NP
in IN B-PP
the DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
rate NN I-NP
or CC O
bailouts NNS B-NP
. . O

The DT B-NP
consequence NN I-NP
can MD B-VP
be VB I-VP
inflation NN B-NP
, , O
brought VBN B-VP
on IN B-PRT
as IN B-PP
the DT B-NP
effect NN I-NP
of IN B-PP
a DT B-NP
desperate JJ I-NP
bid NN I-NP
to TO B-VP
avoid VB I-VP
the DT B-NP
deflationary JJ I-NP
shock NN I-NP
of IN B-PP
a DT B-NP
sudden JJ I-NP
crash NN I-NP
. . O

Attacks VBZ B-NP
on IN B-PP
inflation NN B-NP
come VB B-VP
with IN B-PP
another DT B-NP
strategy NN I-NP
of IN B-PP
capital NN B-NP
of IN B-PP
a DT B-NP
very RB I-NP
traditional JJ I-NP
sort NN I-NP
: : O
an DT B-NP
assault NN I-NP
on IN B-PP
wages NNS B-NP
. . O

Mr. NNP B-NP
Fukuyama NNP I-NP
, , O
peering VBG B-VP
through IN B-PP
binoculars NNS B-NP
at IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
history NN B-NP
, , O
said VBD B-VP
in IN B-PP
his PRP$ B-NP
essay NN I-NP
that IN B-SBAR
`` `` O
the DT B-NP
class NN I-NP
issue NN I-NP
has VBZ B-VP
actually RB I-VP
been VBN I-VP
successfully RB I-VP
resolved VBN I-VP
in IN B-PP
the DT B-NP
West NNP I-NP
... : O

the DT B-NP
egalitarianism NN I-NP
of IN B-PP
modern JJ B-NP
America NNP I-NP
represents VBZ B-VP
the DT B-NP
essential JJ I-NP
achievement NN I-NP
of IN B-PP
the DT B-NP
classless JJ I-NP
society NN I-NP
envisioned VBN B-VP
by IN B-PP
Marx NNP B-NP
. . O
'' '' O

Mr. NNP B-NP
Fukuyama NNP I-NP
might MD B-VP
want VB I-VP
to TO I-VP
consult VB I-VP
some DT B-NP
American JJ I-NP
workers NNS I-NP
on IN B-PP
the DT B-NP
subject NN I-NP
of IN B-PP
class NN B-NP
and CC I-NP
egalitarianism NN I-NP
. . O

From IN B-PP
its PRP$ B-NP
peak NN I-NP
in IN B-PP
1972 CD B-NP
of IN B-PP
$ $ B-NP
198.41 CD I-NP
, , O
the DT B-NP
average JJ I-NP
American JJ I-NP
weekly JJ I-NP
wage NN I-NP
had VBD B-VP
fallen VBN I-VP
to TO B-PP
$ $ B-NP
169.28 CD I-NP
in IN B-PP
1987 CD B-NP
-- : O
both DT B-NP
figures NNS I-NP
being VBG B-VP
expressed VBN I-VP
in IN B-PP
1977 CD B-NP
dollars NNS I-NP
. . O

In IN B-PP
other JJ B-NP
words NNS I-NP
, , O
after IN B-PP
the DT B-NP
glory NN I-NP
boom NN I-NP
of IN B-PP
the DT B-NP
Reagan NNP I-NP
years NNS I-NP
, , O
wages NNS B-NP
had VBD B-VP
sunk VBN I-VP
from IN B-PP
the DT B-NP
post NN I-NP
World NNP I-NP
War NNP I-NP
II NNP I-NP
peak NN I-NP
by IN B-PP
16 CD B-NP
% NN I-NP
as IN B-SBAR
capitalists NNS B-NP
, , O
helped VBN B-VP
by IN B-PP
the DT B-NP
government NN I-NP
, , O
turned VBD B-VP
down RP B-PRT
the DT B-NP
screws NNS I-NP
or CC O
went VBD B-VP
offshore JJ B-ADVP
. . O

But CC O
there EX B-NP
are VBP B-VP
signs NNS B-NP
now RB B-ADVP
-- : O
the DT B-NP
strikes NNS I-NP
by IN B-PP
miners NNS B-NP
, , O
Boeing NNP B-NP
workers NNS I-NP
, , O
telephone NN B-NP
workers NNS I-NP
, , B-NP
etc. FW I-NP
-- : O
that IN B-SBAR
this DT B-NP
attack NN I-NP
on IN B-PP
wages NNS B-NP
is VBZ B-VP
being VBG I-VP
more RBR I-VP
fiercely RB I-VP
resisted VBN I-VP
. . O

These DT B-NP
are VBP B-VP
long-term JJ B-NP
Richter NNP I-NP
readings NNS I-NP
on IN B-PP
American JJ B-NP
capitalism NN I-NP
. . O

The DT B-NP
whole JJ I-NP
structure NN I-NP
is VBZ B-VP
extremely RB B-ADJP
shaky JJ I-ADJP
. . O

Governments NNS B-NP
have VBP B-VP
become VBN I-VP
sophisticated JJ B-ADJP
in IN B-PP
handling NN B-VP
moments NNS B-NP
of IN B-PP
panic NN B-NP
-LRB- ( O
a DT B-NP
word NN I-NP
the DT B-NP
London NNP I-NP
Times NNP I-NP
forbade VBD B-VP
my PRP$ B-NP
father NN I-NP
to TO B-VP
use VB I-VP
when WRB B-ADVP
he PRP B-NP
was VBD B-VP
reporting VBG I-VP
the DT B-NP
Wall NNP I-NP
Street NNP I-NP
crash NN I-NP
in IN B-PP
1929 CD B-NP
-RRB- ) O
. . O

But CC O
sophistication NN B-NP
has VBZ B-VP
its PRP$ B-NP
limits NNS I-NP
. . O

The DT B-NP
S&L NNP I-NP
bailout NN I-NP
could MD B-VP
cost VB I-VP
$ $ B-NP
300 CD I-NP
billion CD I-NP
, , O
computing VBG B-VP
interest NN B-NP
on IN B-PP
the DT B-NP
government NN I-NP
's POS B-NP
loans NNS I-NP
. . O

These DT B-NP
are VBP B-VP
real JJ B-NP
costs NNS I-NP
. . O

Under IN B-PP
what WP B-NP
weights VBZ I-NP
will MD O
the DT B-NP
Federal NNP I-NP
Deposit NNP I-NP
Insurance NNP I-NP
Corporation NNP I-NP
totter VB B-VP
? . O

Capitalism NN B-NP
may MD B-VP
now RB I-VP
be VB I-VP
engineered VBN I-VP
to TO B-VP
withstand VB I-VP
sudden JJ B-NP
shocks NNS I-NP
, , O
but CC O
there EX B-NP
are VBP B-VP
fault NN B-NP
lines NNS I-NP
-- : O
the DT B-NP
crisis NN I-NP
in IN B-PP
profits NNS B-NP
, , O
the DT B-NP
assault NN I-NP
on IN B-PP
wages NNS B-NP
, , O
the DT B-NP
structural JJ I-NP
inequity NN I-NP
of IN B-PP
the DT B-NP
system NN I-NP
-- : O
that WDT B-NP
make VBP B-VP
fools NNS B-NP
of IN B-PP
those DT B-NP
who WP B-NP
claim VBP B-VP
that IN B-SBAR
the DT B-NP
future NN I-NP
is VBZ B-VP
here RB B-ADVP
and CC O
that DT O
history NN B-NP
is VBZ B-VP
over RB B-ADVP
. . O

Mr. NNP B-NP
Cockburn NNP I-NP
is VBZ B-VP
a DT B-NP
columnist NN I-NP
for IN B-PP
The DT B-NP
Nation NN I-NP
and CC O
LA NNP B-NP
Weekly NNP I-NP
. . O

Japan NNP B-NP
Air NNP I-NP
Lines NNPS I-NP
, , O
Lufthansa NNP B-NP
German JJ I-NP
Airlines NNPS I-NP
and CC O
Air NNP B-NP
France NNP I-NP
reportedly RB B-ADVP
plan VBP B-VP
to TO I-VP
form VB I-VP
an DT B-NP
international JJ I-NP
air-freight NN I-NP
company NN I-NP
this DT B-NP
year NN I-NP
, , O
a DT B-NP
move NN I-NP
that WDT B-NP
could MD B-VP
further VB I-VP
consolidate VB I-VP
the DT B-NP
industry NN I-NP
. . O

Japanese JJ B-NP
newspaper NN I-NP
Nihon NNP I-NP
Keizai NNP I-NP
Shimbun NNP I-NP
reported VBD B-VP
that IN B-SBAR
the DT B-NP
three CD I-NP
giants NNS I-NP
plan VBP B-VP
to TO I-VP
integrate VB I-VP
their PRP$ B-NP
cargo NN I-NP
computers NNS I-NP
and CC O
ground-cargo NN B-NP
and CC I-NP
air-cargo NN I-NP
systems NNS I-NP
. . O

They PRP B-NP
reportedly RB B-ADVP
will MD B-VP
invest VB I-VP
a DT B-NP
total NN I-NP
of IN B-PP
20 CD B-NP
billion CD I-NP
yen NN I-NP
-LRB- ( O
$ $ B-NP
140 CD I-NP
million CD I-NP
-RRB- ) O
in IN B-PP
the DT B-NP
venture NN I-NP
, , O
whose WP$ B-NP
headquarters NN I-NP
would MD B-VP
be VB I-VP
in IN B-PP
France NNP B-NP
or CC O
West NNP B-NP
Germany NNP I-NP
. . O

The DT B-NP
action NN I-NP
follows VBZ B-VP
Federal NNP B-NP
Express NNP I-NP
Corp. NNP I-NP
's POS B-NP
acquisition NN I-NP
of IN B-PP
Flying NNP B-NP
Tiger NNP I-NP
Line NNP I-NP
Inc. NNP I-NP
in IN B-PP
August NNP B-NP
. . O

After IN B-PP
that DT B-NP
, , O
`` `` O
it PRP B-NP
would MD B-VP
make VB I-VP
sense NN B-NP
for IN B-SBAR
airlines NNS B-NP
to TO B-VP
talk VB I-VP
about IN B-PP
doing VBG B-VP
things NNS B-NP
jointly RB B-ADVP
, , O
'' '' O
said VBD B-VP
Cotton NNP B-NP
Daly NNP I-NP
, , O
director NN B-NP
of IN B-PP
cargo NN B-NP
services NNS I-NP
for IN B-PP
New NNP B-NP
York NNP I-NP
consulting NN I-NP
firm NN I-NP
Simat NNP I-NP
, , I-NP
Helliesen NNP I-NP
& CC I-NP
Eichner NNP I-NP
Inc NNP I-NP
. . O

Mr. NNP B-NP
Daly NNP I-NP
said VBD B-VP
such JJ B-NP
discussions NNS I-NP
are VBP B-VP
motivated VBN I-VP
by IN B-PP
the DT B-NP
competitive JJ I-NP
threat NN I-NP
posed VBN B-VP
by IN B-PP
Federal NNP B-NP
Express NNP I-NP
, , O
United NNP B-NP
Parcel NNP I-NP
Service NNP I-NP
of IN B-PP
America NNP B-NP
Inc. NNP I-NP
and CC O
other JJ B-NP
fast-growing JJ I-NP
air-freight NN I-NP
companies NNS I-NP
. . O

Many JJ B-NP
airlines NNS I-NP
are VBP B-VP
talking VBG I-VP
about IN B-PP
cargo NN B-NP
ventures NNS I-NP
, , O
and CC O
there EX B-NP
have VBP B-VP
been VBN I-VP
rumors NNS B-NP
about IN B-PP
such JJ B-NP
a DT I-NP
tie NN I-NP
between IN B-PP
JAL NNP B-NP
and CC O
European JJ B-NP
airlines NNS I-NP
. . O

In IN B-PP
Tokyo NNP B-NP
, , O
a DT B-NP
JAL NNP I-NP
spokesman NN I-NP
said VBD B-VP
he PRP B-NP
could MD B-VP
n't RB I-VP
confirm VB I-VP
or CC I-VP
deny VB I-VP
the DT B-NP
latest JJS I-NP
Japanese JJ I-NP
report NN I-NP
. . O

But CC O
he PRP B-NP
said VBD B-VP
JAL NNP B-NP
is VBZ B-VP
talking VBG I-VP
to TO B-PP
Lufthansa NNP B-NP
and CC O
Air NNP B-NP
France NNP I-NP
about IN B-PP
some DT B-NP
sort NN I-NP
of IN B-PP
cargo NN B-NP
venture NN I-NP
. . O

`` `` O
It PRP B-NP
is VBZ B-VP
just RB B-NP
one CD I-NP
of IN B-PP
a DT B-NP
number NN I-NP
of IN B-PP
strategies NNS B-NP
JAL NNP B-NP
has VBZ B-VP
embarked VBN I-VP
upon IN B-PP
to TO B-VP
come VB I-VP
to TO B-PP
terms NNS B-NP
with IN B-PP
the DT B-NP
situation NN I-NP
in IN B-PP
Europe NNP B-NP
after IN B-PP
1992 CD B-NP
, , O
'' '' O
the DT B-NP
deadline NN I-NP
for IN B-PP
ending VBG B-VP
trade NN B-NP
barriers NNS I-NP
in IN B-PP
the DT B-NP
EC NNP I-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

In IN B-PP
Frankfurt NNP B-NP
, , O
a DT B-NP
Lufthansa NNP I-NP
spokesman NN I-NP
confirmed VBD B-VP
talks NNS B-NP
are VBP B-VP
under IN B-PP
way NN B-NP
, , O
but CC O
declined VBD B-VP
to TO I-VP
comment VB I-VP
. . O

A DT B-NP
Lufthansa NNP I-NP
spokeswoman NN I-NP
in IN B-PP
Tokyo NNP B-NP
said VBD B-VP
the DT B-NP
head NN I-NP
of IN B-PP
Lufthansa NNP B-NP
's POS B-NP
cargo NN I-NP
operations NNS I-NP
had VBD B-VP
been VBN I-VP
in IN B-PP
Toyko NNP B-NP
last JJ B-NP
week NN I-NP
for IN B-PP
talks NNS B-NP
with IN B-PP
JAL NNP B-NP
. . O

In IN B-PP
Paris NNP B-NP
, , O
Air NNP B-NP
France NNP I-NP
declined VBD B-VP
to TO I-VP
comment VB I-VP
. . O

`` `` O
Nothing NN B-NP
is VBZ B-VP
defined VBN I-VP
or CC I-VP
signed VBN I-VP
at IN B-PP
this DT B-NP
point NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Daly NNP I-NP
said VBD B-VP
of IN B-PP
the DT B-NP
talks NNS I-NP
. . O

Whatever WDT B-NP
accord VBP I-NP
the DT B-NP
three CD I-NP
carriers NNS I-NP
reach VBP B-VP
, , O
he PRP B-NP
said VBD B-VP
, , O
he PRP B-NP
is VBZ B-VP
skeptical JJ B-ADJP
it PRP B-NP
would MD B-VP
create VB I-VP
a DT B-NP
separate JJ I-NP
airline NN I-NP
. . O

If IN B-SBAR
the DT B-NP
three CD I-NP
companies NNS I-NP
pool VBP B-VP
their PRP$ B-NP
air-freight NN I-NP
businesses NNS I-NP
, , O
their PRP$ B-NP
clout NN I-NP
would MD B-VP
be VB I-VP
considerable JJ B-ADJP
. . O

According VBG B-PP
to TO B-PP
figures NNS B-NP
from IN B-PP
the DT B-NP
International NNP I-NP
Air NNP I-NP
Transport NNP I-NP
Association NNP I-NP
, , O
they PRP B-NP
carried VBD B-VP
a DT B-NP
combined VBN I-NP
1.8 CD I-NP
million CD I-NP
tons NNS I-NP
of IN B-PP
freight NN B-NP
last JJ B-NP
year NN I-NP
. . O

Federal NNP B-NP
Express NNP I-NP
and CC O
Flying NNP B-NP
Tiger NNP I-NP
, , O
as IN B-PP
separate JJ B-NP
companies NNS I-NP
, , O
carried VBD B-VP
a DT B-NP
combined VBN I-NP
2.6 CD I-NP
million CD I-NP
tons NNS I-NP
. . O

Air NNP B-NP
France NNP I-NP
and CC O
Lufthansa NNP B-NP
last JJ B-NP
month NN I-NP
concluded VBD B-VP
a DT B-NP
far-reaching JJ I-NP
cooperation NN I-NP
accord NN I-NP
that WDT B-NP
includes VBZ B-VP
air-freight NN B-NP
activities NNS I-NP
. . O

They PRP B-NP
plan VBP B-VP
to TO I-VP
increase VB I-VP
cooperation NN B-NP
in IN B-PP
freight NN B-NP
ground-handling NNS I-NP
and CC O
create VB B-VP
a DT B-NP
world-wide JJ I-NP
computer NN I-NP
system NN I-NP
to TO B-VP
process VB I-VP
cargo NN B-NP
. . O

Other JJ B-NP
airlines NNS I-NP
would MD B-VP
have VB I-VP
access NN B-NP
to TO B-PP
the DT B-NP
system NN I-NP
, , O
they PRP B-NP
said VBD B-VP
, , O
and CC O
negotiations NNS B-NP
with IN B-PP
partners NNS B-NP
were VBD B-VP
already RB B-ADVP
under IN B-PP
way NN B-NP
. . O

Both DT B-NP
European JJ I-NP
airlines NNS I-NP
operate VBP B-VP
extensive JJ B-NP
fleets NNS I-NP
of IN B-PP
Boeing NNP B-NP
747 CD I-NP
freighters NNS I-NP
and CC O
747 CD B-NP
Combis NNPS I-NP
, , O
aircraft NN B-NP
that WDT B-NP
carry VBP B-VP
both DT B-NP
freight NN I-NP
and CC I-NP
passengers NNS I-NP
on IN B-PP
the DT B-NP
main JJ I-NP
deck NN I-NP
. . O

They PRP B-NP
currently RB B-ADVP
have VBP B-VP
large JJ B-NP
orders NNS I-NP
for IN B-PP
cargo NN B-NP
planes NNS I-NP
. . O

Several JJ B-NP
airlines NNS I-NP
, , O
including VBG B-PP
Lufthansa NNP B-NP
, , O
JAL NNP B-NP
and CC O
Cathay NNP B-NP
Pacific NNP I-NP
Airways NNPS I-NP
, , O
are VBP B-VP
working VBG I-VP
on IN B-PP
a DT B-NP
so-called JJ I-NP
global JJ I-NP
cargo NN I-NP
system NN I-NP
and CC O
are VBP B-VP
trying VBG I-VP
to TO I-VP
attract VB I-VP
other JJ B-NP
carriers NNS I-NP
to TO B-VP
join VB I-VP
, , O
Mr. NNP B-NP
Daly NNP I-NP
said VBD B-VP
. . O

JAL NNP B-NP
also RB B-ADVP
has VBZ B-VP
signaled VBN I-VP
it PRP B-NP
is VBZ B-VP
looking VBG I-VP
for IN B-PP
toeholds NNS B-NP
in IN B-PP
Europe NNP B-NP
before IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
1992 CD B-NP
. . O

Last JJ B-NP
month NN I-NP
, , O
the DT B-NP
carrier NN I-NP
said VBD B-VP
it PRP B-NP
wanted VBD B-VP
to TO I-VP
lease VB I-VP
crews NNS B-NP
and CC I-NP
planes NNS I-NP
from IN B-PP
British JJ B-NP
Airways NNPS I-NP
so IN B-SBAR
it PRP B-NP
could MD B-VP
funnel VB I-VP
its PRP$ B-NP
passengers NNS I-NP
from IN B-PP
London NNP B-NP
to TO B-PP
other JJ B-NP
European JJ I-NP
destinations NNS I-NP
. . O

British JJ B-NP
Airways NNPS I-NP
said VBD B-VP
it PRP B-NP
has VBZ B-VP
n't RB I-VP
received VBN I-VP
a DT B-NP
proposal NN I-NP
from IN B-PP
JAL NNP B-NP
. . O

But CC O
last JJ B-NP
week NN I-NP
there EX B-NP
were VBD B-VP
air-traffic NN B-NP
negotiations NNS I-NP
between IN B-PP
the DT B-NP
U.K. NNP I-NP
and CC O
Japan NNP B-NP
, , O
a DT B-NP
likely JJ I-NP
first JJ I-NP
step NN I-NP
to TO B-PP
any DT B-NP
commercial JJ I-NP
agreement NN I-NP
between IN B-PP
JAL NNP B-NP
and CC O
British JJ B-NP
Airways NNPS I-NP
or CC O
another DT B-NP
U.K. NNP I-NP
carrier NN I-NP
. . O

Federal NNP B-NP
Paper NNP I-NP
Board NNP I-NP
Co. NNP I-NP
said VBD B-VP
it PRP B-NP
completed VBD B-VP
the DT B-NP
previously RB I-NP
announced VBN I-NP
purchase NN I-NP
of IN B-PP
Imperial NNP B-NP
Cup NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
closely RB I-NP
held VBN I-NP
maker NN I-NP
of IN B-PP
paper NN B-NP
cups NNS I-NP
based VBN B-VP
in IN B-PP
Kenton NNP B-NP
, , O
Ohio NNP B-NP
. . O

Terms NNS B-NP
were VBD B-VP
n't RB I-VP
disclosed VBN I-VP
. . O

Imperial NNP B-NP
Cup NNP I-NP
has VBZ B-VP
annual JJ B-NP
sales NNS I-NP
of IN B-PP
approximately RB B-NP
$ $ I-NP
75 CD I-NP
million CD I-NP
. . O

Federal NNP B-NP
Paper NNP I-NP
Board NNP I-NP
sells VBZ B-VP
paper NN B-NP
and CC I-NP
wood NN I-NP
products NNS I-NP
. . O

In IN B-PP
a DT B-NP
move NN I-NP
to TO B-VP
prevent VB I-VP
any DT B-NP
dislocation NN I-NP
in IN B-PP
the DT B-NP
financial JJ I-NP
markets NNS I-NP
from IN B-PP
the DT B-NP
California NNP I-NP
earthquake NN I-NP
, , O
the DT B-NP
Securities NNPS I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
said VBD B-VP
it PRP B-NP
temporarily RB B-ADVP
reassigned VBD B-VP
options NNS B-NP
listed VBN B-VP
on IN B-PP
the DT B-NP
Pacific NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
to TO B-PP
the DT B-NP
American NNP I-NP
, , I-NP
New NNP I-NP
York NNP I-NP
and CC I-NP
Philadelphia NNP I-NP
stock NN I-NP
exchanges NNS I-NP
and CC B-PP
to TO B-PP
the DT B-NP
Chicago NNP I-NP
Board NNP I-NP
Options NNP I-NP
Exchange NNP I-NP
. . O

The DT B-NP
decision NN I-NP
, , O
which WDT B-NP
affects VBZ B-VP
millions NNS B-NP
of IN B-PP
dollars NNS B-NP
of IN B-PP
trading NN B-NP
positions NNS I-NP
, , O
was VBD B-VP
made VBN I-VP
late JJ B-NP
yesterday NN I-NP
because IN B-SBAR
the DT B-NP
Pacific NNP I-NP
exchange NN I-NP
's POS B-NP
options NNS I-NP
floor NN I-NP
was VBD B-VP
shut VBN I-VP
down RB B-PRT
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
. . O

The DT B-NP
SEC NNP I-NP
, , O
faced VBN B-VP
with IN B-PP
a DT B-NP
major JJ I-NP
squeeze NN I-NP
on IN B-PP
options NNS B-NP
positions NNS I-NP
, , O
said VBD B-VP
it PRP B-NP
was VBD B-VP
necessary JJ B-ADJP
to TO B-VP
ensure VB I-VP
that IN B-SBAR
options NNS B-NP
listed VBN B-VP
on IN B-PP
the DT B-NP
exchange NN I-NP
could MD B-VP
be VB I-VP
traded VBN I-VP
today NN B-NP
and CC I-NP
tomorrow NN I-NP
. . O

SEC NNP B-NP
Chairman NNP I-NP
Richard NNP I-NP
Breeden NNP I-NP
said VBD B-VP
the DT B-NP
cooperation NN I-NP
by IN B-PP
the DT B-NP
exchanges NNS I-NP
would MD B-VP
enable VB I-VP
investors NNS B-NP
to TO B-VP
buy VB I-VP
and CC I-VP
sell VB I-VP
options NNS B-NP
listed VBN B-VP
solely RB B-ADVP
on IN B-PP
the DT B-NP
Pacific NNP I-NP
exchange NN I-NP
, , O
guaranteeing VBG B-VP
the DT B-NP
liquidity NN I-NP
of IN B-PP
the DT B-NP
market NN I-NP
. . O

Officials NNS B-NP
at IN B-PP
the DT B-NP
four CD I-NP
exchanges NNS I-NP
said VBD B-VP
well RB B-NP
over IN I-NP
50 CD I-NP
traders NNS I-NP
from IN B-PP
the DT B-NP
Pacific NNP I-NP
exchange NN I-NP
were VBD B-VP
taking VBG I-VP
flights NNS B-NP
from IN B-PP
San NNP B-NP
Francisco NNP I-NP
late JJ B-NP
yesterday NN I-NP
to TO B-PP
the DT B-NP
American NNP I-NP
, , I-NP
New NNP I-NP
York NNP I-NP
and CC I-NP
Philadelphia NNP I-NP
exchanges NNS I-NP
and CC B-PP
to TO B-PP
the DT B-NP
CBOE NNP I-NP
, , O
where WRB B-ADVP
they PRP B-NP
would MD B-VP
continue VB I-VP
making VBG I-VP
markets NNS B-NP
in IN B-PP
the DT B-NP
Pacific-listed JJ I-NP
options NNS I-NP
. . O

The DT B-NP
Big NNP I-NP
Board NNP I-NP
said VBD B-VP
carpenters NNS B-NP
quickly RB B-VP
erected VBN I-VP
a DT B-NP
new JJ I-NP
options NNS I-NP
floor NN I-NP
to TO B-VP
accomodate VB I-VP
40 CD B-NP
traders NNS I-NP
from IN B-PP
the DT B-NP
Pacific NNP I-NP
exchange NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
specialists NNS B-NP
on IN B-PP
the DT B-NP
exchanges NNS I-NP
agreed VBD B-VP
to TO I-VP
provide VB I-VP
backup NN B-NP
capital NN I-NP
for IN B-PP
market-making NN B-NP
in IN B-PP
Pacific NNP B-NP
exchange NN I-NP
options NNS I-NP
traded VBN B-VP
on IN B-PP
the DT B-NP
exchanges NNS I-NP
. . O

Trading NN B-NP
was VBD B-VP
light NN B-ADJP
on IN B-PP
the DT B-NP
Pacific NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
yesterday NN B-NP
, , O
with IN B-PP
workers NNS B-NP
at IN B-PP
the DT B-NP
exchange NN I-NP
's POS B-NP
main JJ I-NP
floor NN I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
struggling VBG B-VP
to TO I-VP
execute VB I-VP
orders NNS B-NP
by IN B-PP
flashlight NN B-NP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
a DT B-NP
continuing VBG I-NP
power NN I-NP
outage NN I-NP
. . O

The DT B-NP
most RBS I-NP
pressing VBG I-NP
problem NN I-NP
was VBD B-VP
the DT B-NP
suspension NN I-NP
of IN B-PP
options NNS B-NP
trading NN I-NP
. . O

The DT B-NP
Pacific NNP I-NP
exchange NN I-NP
has VBZ B-VP
options NNS B-NP
for IN B-PP
129 CD B-NP
underlying VBG I-NP
stock NN I-NP
issues NNS I-NP
, , O
including VBG B-PP
highly RB B-NP
active JJ I-NP
Hilton NNP I-NP
Hotels NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
listed VBN I-VP
on IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
. . O

Investors NNS B-NP
were VBD B-VP
concerned VBN B-ADJP
that IN B-SBAR
they PRP B-NP
might MD B-VP
be VB I-VP
unable JJ B-ADJP
to TO B-VP
exercise VB I-VP
options NNS B-NP
that WDT B-NP
expire VBP B-VP
tomorrow NN B-NP
. . O

But CC O
professionals NNS B-NP
said VBD B-VP
throughout IN B-PP
the DT B-NP
day NN I-NP
that IN B-SBAR
the DT B-NP
shutdown NN I-NP
would MD B-VP
n't RB I-VP
be VB I-VP
a DT B-NP
cause NN I-NP
for IN B-PP
alarm NN B-NP
even RB B-SBAR
if IN I-SBAR
it PRP B-NP
were VBD B-VP
to TO I-VP
persist VB I-VP
for IN B-PP
several JJ B-NP
days NNS I-NP
. . O

`` `` O
I PRP B-NP
've VBP B-VP
told VBD I-VP
my PRP$ B-NP
staff NN I-NP
and CC I-NP
clients NNS I-NP
that IN B-SBAR
they PRP B-NP
still RB B-ADVP
have VBP B-VP
the DT B-NP
ability NN I-NP
to TO B-VP
exercise VB I-VP
their PRP$ B-NP
options NNS I-NP
, , O
because IN B-SBAR
they PRP B-NP
are VBP B-VP
guaranteed VBN I-VP
by IN B-PP
the DT B-NP
Options NNP I-NP
Clearing NNP I-NP
Corp. NNP I-NP
, , O
'' '' O
said VBD B-VP
Michael NNP B-NP
Schwartz NNP I-NP
, , O
a DT B-NP
senior JJ I-NP
registered VBN I-NP
options NNS I-NP
strategist NN I-NP
at IN B-PP
Oppenheimer NNP B-NP
& CC I-NP
Co NNP I-NP
. . O

The DT B-NP
SEC NNP I-NP
reassigned VBD B-VP
trading NN B-NP
in IN B-PP
the DT B-NP
options NNS I-NP
, , O
however RB B-ADVP
, , O
to TO B-VP
allow VB I-VP
investors NNS B-NP
to TO B-VP
do VB I-VP
more JJR B-NP
than IN B-SBAR
simply JJ B-ADVP
exercise NN B-VP
the DT B-NP
options NNS I-NP
. . O

While IN B-SBAR
the DT B-NP
exchange NN I-NP
's POS B-NP
equities NNS I-NP
floor NN I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
remained VBD B-VP
open JJ B-ADJP
on IN B-PP
a DT B-NP
limited JJ I-NP
basis NN I-NP
, , O
orders NNS B-NP
were VBD B-VP
being VBG I-VP
routed VBN I-VP
and CC I-VP
executed VBN I-VP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
. . O

Workers NNS B-NP
could MD B-VP
dial VB I-VP
out IN B-ADVP
, , O
but CC O
they PRP B-NP
could MD B-VP
n't RB I-VP
receive VB I-VP
telephone NN B-NP
calls NNS I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
a DT B-NP
very RB I-NP
uncertain JJ I-NP
situation NN I-NP
right RB B-ADVP
now RB I-ADVP
, , O
'' '' O
said VBD B-VP
Navin NNP B-NP
Vyas NNP I-NP
, , O
administrative JJ B-NP
assistant NN I-NP
of IN B-PP
trading NN B-NP
floor NN I-NP
operations NNS I-NP
of IN B-PP
the DT B-NP
exchange NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
daily JJ B-NP
volume NN I-NP
of IN B-PP
about IN B-NP
10 CD I-NP
million CD I-NP
shares NNS I-NP
. . O

Because IN B-SBAR
the DT B-NP
exchange NN I-NP
's POS B-NP
computer NN I-NP
was VBD B-VP
rerouting VBG I-VP
orders NNS B-NP
to TO B-PP
the DT B-NP
exchange NN I-NP
's POS B-NP
trading NN I-NP
operations NNS I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
, , O
`` `` O
business NN B-NP
is VBZ B-VP
as IN B-PP
usual JJ B-ADJP
'' '' O
Mr. NNP B-NP
Vyas NNP I-NP
said VBD B-VP
. . O

`` `` O
If IN B-SBAR
one CD B-NP
city NN I-NP
is VBZ B-VP
down RB B-ADJP
, , O
the DT B-NP
other NN I-NP
can MD B-VP
take VB I-VP
over IN B-PRT
. . O
'' '' O

Meanwhile RB B-ADVP
, , O
the DT B-NP
brokerage NN I-NP
firms NNS I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
were VBD B-VP
trying VBG I-VP
to TO I-VP
cope VB I-VP
. . O

Charles NNP B-NP
Daggs NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
of IN B-PP
Sutro NNP B-NP
& CC I-NP
Co. NNP I-NP
, , O
said VBD B-VP
traders NNS B-NP
came VBD B-VP
to TO B-PP
work VB B-NP
at IN B-PP
5 NN B-NP
a.m. NN I-NP
PDT NNP I-NP
-- : O
many JJ B-NP
on IN B-PP
foot NN B-NP
because IN B-PP
of IN I-PP
uncertain JJ B-NP
road NN I-NP
and CC I-NP
traffic NN I-NP
conditions NNS I-NP
-- : O
but CC O
learned VBD B-VP
that IN B-SBAR
they PRP B-NP
would MD B-VP
have VB I-VP
to TO I-VP
await VB I-VP
a DT B-NP
required VBN I-NP
inspection NN I-NP
by IN B-PP
the DT B-NP
city NN I-NP
in IN B-SBAR
order NN O
to TO B-VP
turn VB I-VP
the DT B-NP
power NN I-NP
back RB B-ADVP
on IN B-PRT
at IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
two CD I-NP
main JJ I-NP
facilities NNS I-NP
there RB I-NP
. . O

That DT B-NP
should MD B-VP
happen VB I-VP
by IN B-PP
today NN B-NP
, , O
he PRP B-NP
said VBD B-VP
. . O

Traders NNS B-NP
worked VBD B-VP
with IN B-PP
the DT B-NP
help NN I-NP
of IN B-PP
sunlight NN B-NP
streaming VBG B-VP
through IN B-PP
windows NNS B-NP
, , O
despite IN B-PP
large JJ B-NP
cracks NNS I-NP
in IN B-PP
the DT B-NP
walls NNS I-NP
and CC O
a DT B-NP
lack NN I-NP
of IN B-PP
incoming JJ B-NP
phone NN I-NP
calls NNS I-NP
. . O

Also RB B-ADVP
, , O
most RBS B-NP
of IN B-PP
the DT B-NP
telecommunications NNS I-NP
equipment NN I-NP
was VBD B-VP
out RB B-ADJP
. . O

The DT B-NP
traders NNS I-NP
were VBD B-VP
executing VBG I-VP
municipal JJ B-NP
bond NN I-NP
, , O
mutual JJ B-NP
fund NN I-NP
and CC O
other JJ B-NP
orders NNS B-NP
through IN B-PP
a DT B-NP
sister NN I-NP
firm NN I-NP
, , O
Tucker NNP B-NP
Anthony NNP I-NP
Inc. NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
also RB I-VP
owned VBN I-VP
by IN B-PP
John NNP B-NP
Hancock NNP I-NP
Freedom NNP I-NP
Securities NNPS I-NP
but CC O
is VBZ B-VP
based VBN I-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
having VBG I-VP
a DT B-NP
regular JJ I-NP
day NN I-NP
. . O

Volume NN B-NP
is VBZ B-VP
down RB B-ADVP
out IN B-PP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , B-PP
but CC I-PP
not RB I-PP
out IN B-PP
of IN B-PP
the DT B-NP
11 CD I-NP
outlying JJ I-NP
offices NNS I-NP
, , O
'' '' O
Mr. NNP B-NP
Daggs NNP I-NP
added VBD B-VP
. . O

Sutro NNP B-NP
's POS B-NP
Oakland NNP I-NP
office NN I-NP
executed VBD B-VP
orders NNS B-NP
through IN B-PP
the DT B-NP
Sacramento NNP I-NP
office NN I-NP
, , O
which WDT B-NP
was VBD B-VP
n't RB I-VP
affected VBN I-VP
by IN B-PP
the DT B-NP
quake NN I-NP
. . O

Others NNS B-NP
, , O
like IN B-PP
Prudential-Bache NNP B-NP
Securities NNP I-NP
Inc. NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
eight CD B-NP
offices NNS I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
, , O
set VBN B-VP
up IN B-PRT
an DT B-NP
800 CD I-NP
number NN I-NP
yesterday NN B-NP
morning NN I-NP
for IN B-SBAR
customers NNS B-NP
to TO B-VP
obtain VB I-VP
market NN B-NP
commentary NN I-NP
and CC O
other JJ B-NP
help NN I-NP
. . O

At IN B-PP
Kidder NNP B-NP
, , I-NP
Peabody NNP I-NP
& CC I-NP
Co. NNP I-NP
's POS B-NP
Sacramento NNP I-NP
branch NN I-NP
, , O
Manager NNP B-NP
Janet NNP I-NP
White NNP I-NP
received VBD B-VP
calls VBZ B-NP
yesterday NN B-NP
morning NN I-NP
from IN B-PP
workers NNS B-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
who WP B-NP
offered VBD B-VP
to TO I-VP
work VB I-VP
in IN B-PP
Sacramento NNP B-NP
. . O

Then RB O
she PRP B-NP
discovered VBD B-VP
that IN B-SBAR
Quotron NNP B-NP
Systems NNP I-NP
Inc. NNP I-NP
's POS B-NP
Sacramento NNP I-NP
lines NNS I-NP
were VBD B-VP
down RB B-ADJP
, , O
because IN B-SBAR
they PRP B-NP
are VBP B-VP
normally RB I-VP
tied VBN I-VP
in IN B-ADVP
through IN B-PP
a DT B-NP
system NN I-NP
that WDT B-NP
goes VBZ B-VP
through IN B-PP
San NNP B-NP
Francisco NNP I-NP
. . O

So RB O
the DT B-NP
Kidder NNP I-NP
brokers NNS I-NP
had VBD B-VP
to TO I-VP
call VB I-VP
other JJ B-NP
company NN I-NP
offices NNS I-NP
to TO B-VP
get VB I-VP
quotes NNS B-NP
on IN B-PP
stocks NNS B-NP
. . O

At IN B-PP
Quotron NNP B-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
National NNP I-NP
Call-In NN I-NP
Center NNP I-NP
, , O
which WDT B-NP
swung VBD B-VP
into IN B-PP
action NN B-NP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
last JJ B-NP
month NN I-NP
for IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
, , O
assembled VBD B-VP
a DT B-NP
tactical JJ I-NP
team NN I-NP
at IN B-PP
5 NN B-NP
a.m. NN I-NP
yesterday NN B-NP
to TO B-VP
begin VB I-VP
rerouting VBG I-VP
lines NNS B-NP
and CC O
restore VB B-VP
service NN B-NP
to TO B-PP
brokers NNS B-NP
and CC I-NP
traders NNS I-NP
. . O

The DT B-NP
company NN I-NP
dispatched VBD B-VP
as RB B-NP
many JJ I-NP
as IN I-NP
200 CD I-NP
people NNS I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
to TO B-VP
do VB I-VP
the DT B-NP
work NN I-NP
, , O
though IN B-SBAR
most RBS B-NP
of IN B-PP
the DT B-NP
rerouting VBG I-NP
was VBD B-VP
done VBN I-VP
by IN B-PP
computer NN B-NP
. . O

Service NNP B-NP
appeared VBD B-VP
to TO I-VP
be VB I-VP
down RB B-ADJP
throughout IN B-PP
the DT B-NP
financial JJ I-NP
district NN I-NP
in IN B-PP
downtown NN B-NP
San NNP I-NP
Francisco NNP I-NP
, , O
while IN B-SBAR
just RB B-NP
parts NNS I-NP
of IN B-PP
Oakland NNP B-NP
and CC O
San NNP B-NP
Jose NNP I-NP
were VBD B-VP
knocked VBN I-VP
out RB B-PRT
. . O

But CC O
Dale NNP B-NP
Irvine NNP I-NP
, , O
director NN B-NP
of IN B-PP
the DT B-NP
emergency NN I-NP
center NN I-NP
, , O
said VBD B-VP
service NN B-NP
was VBD B-VP
being VBG I-VP
restored VBN I-VP
to TO B-PP
outlying JJ B-NP
San NNP I-NP
Francisco NNP I-NP
areas NNS I-NP
. . O

In IN B-PP
Chicago NNP B-NP
yesterday NN B-NP
, , O
Options NNP B-NP
Clearing NNP I-NP
confirmed VBD B-VP
that IN B-SBAR
it PRP B-NP
guarantees VBZ B-VP
the DT B-NP
Pacific NNP I-NP
exchange NN I-NP
options NNS I-NP
. . O

The DT B-NP
firm NN I-NP
also RB B-ADVP
will MD B-VP
permit VB I-VP
its PRP$ B-NP
members NNS I-NP
and CC O
the DT B-NP
public JJ I-NP
`` `` O
to TO B-VP
exercise VB I-VP
their PRP$ B-NP
put NN I-NP
and CC I-NP
call VB I-NP
options NNS I-NP
contracts NNS I-NP
traded VBN B-VP
on IN B-PP
the DT B-NP
Pacific NNP I-NP
exchange NN I-NP
'' '' O
even RB B-SBAR
if IN I-SBAR
the DT B-NP
exchange NN I-NP
is VBZ B-VP
closed VBN B-ADJP
, , O
said VBD B-VP
Wayne NNP B-NP
Luthringshausen NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Options NNP B-NP
Clearing NNP I-NP
. . O

-LRB- ( O
Put VB B-NP
options NNS I-NP
give VB B-VP
holders NNS B-NP
the DT B-NP
right NN I-NP
, , B-NP
but CC I-NP
not RB I-NP
the DT B-NP
obligation NN I-NP
, , O
to TO B-VP
sell VB I-VP
a DT B-NP
financial JJ I-NP
instrument NN I-NP
at IN B-PP
a DT B-NP
specified VBN I-NP
price NN I-NP
, , O
while IN B-SBAR
call NN B-NP
options NNS I-NP
give VBP B-VP
holders NNS B-NP
the DT B-NP
right NN I-NP
, , B-NP
but CC I-NP
not RB I-NP
the DT B-NP
obligation NN I-NP
, , O
to TO B-VP
buy VB I-VP
a DT B-NP
financial JJ I-NP
instrument NN I-NP
at IN B-PP
a DT B-NP
specified VBN I-NP
price NN I-NP
-RRB- ) O
. . O

Investors NNS B-NP
and CC I-NP
traders NNS I-NP
in IN B-PP
Pacific NNP B-NP
exchange NN I-NP
options NNS I-NP
`` `` O
are VBP B-VP
protected VBN I-VP
to TO B-PP
the DT B-NP
extent NN I-NP
that IN B-SBAR
they PRP B-NP
can MD B-VP
convert VB I-VP
their PRP$ B-NP
put NN I-NP
and CC I-NP
call VB I-NP
options NNS I-NP
into IN B-PP
the DT B-NP
underlying VBG I-NP
instrument NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Luthringshausen NNP I-NP
said VBD B-VP
. . O

`` `` O
We PRP B-NP
are VBP B-VP
seeing VBG I-VP
such JJ B-NP
exercises NNS I-NP
today NN B-NP
, , O
in IN B-PP
fact NN B-NP
. . O

International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
said VBD B-VP
its PRP$ B-NP
board NN I-NP
approved VBD B-VP
the DT B-NP
purchase NN I-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
billion CD I-NP
of IN B-PP
its PRP$ B-NP
common JJ I-NP
shares NNS I-NP
, , O
a DT B-NP
move NN I-NP
that WDT B-NP
should MD B-VP
help VB I-VP
support VB I-VP
its PRP$ B-NP
battered VBN I-NP
stock NN I-NP
. . O

Even RB B-SBAR
as IN I-SBAR
the DT B-NP
stock NN I-NP
market NN I-NP
has VBZ B-VP
generally RB I-VP
done VBN I-VP
well RB B-ADVP
this DT B-NP
year NN I-NP
, , O
IBM NNP B-NP
's POS B-NP
shares NNS I-NP
have VBP B-VP
slipped VBN I-VP
steadily RB B-ADVP
from IN B-PP
its PRP$ B-NP
52-week JJ I-NP
high NN I-NP
of IN B-PP
$ $ B-NP
130.875 CD I-NP
. . O

Yesterday NN B-NP
's POS B-NP
closing VBG I-NP
price NN I-NP
of IN B-PP
$ $ B-NP
101.75 CD I-NP
, , O
down RB B-ADVP
50 CD B-NP
cents NNS I-NP
, , O
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
puts VBZ B-VP
the DT B-NP
stock NN I-NP
at IN B-PP
about IN B-NP
1 CD I-NP
1\/2 CD I-NP
times NNS I-NP
book NN I-NP
value NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
as RB B-ADJP
low JJ I-ADJP
as IN B-SBAR
it PRP B-NP
has VBZ B-VP
sunk VBN I-VP
over IN B-PP
the DT B-NP
past JJ I-NP
decade NN I-NP
. . O

The DT B-NP
announcement NN I-NP
came VBD B-VP
after IN B-PP
the DT B-NP
market NN I-NP
's POS B-NP
close NN I-NP
. . O

The DT B-NP
move NN I-NP
by IN B-PP
IBM NNP B-NP
was VBD B-VP
n't RB O
exactly RB B-ADVP
a DT B-NP
surprise NN I-NP
. . O

The DT B-NP
company NN I-NP
has VBZ B-VP
spent VBN I-VP
some DT B-NP
$ $ I-NP
5 NN I-NP
billion CD I-NP
over IN B-PP
the DT B-NP
past JJ I-NP
3 CD I-NP
1\/2 CD I-NP
years NNS I-NP
to TO B-VP
buy VB I-VP
back RB B-ADVP
42 CD B-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
, , O
or CC O
roughly RB B-NP
7 CD I-NP
% NN I-NP
of IN B-PP
those DT B-NP
outstanding JJ B-ADJP
. . O

In IN B-PP
addition NN B-NP
, , O
despite IN B-PP
IBM NNP B-NP
's POS B-NP
well-publicized JJ I-NP
recent JJ I-NP
problems NNS I-NP
, , O
the DT B-NP
computer NN I-NP
giant NN I-NP
still RB B-ADVP
generates VBZ B-VP
enormous JJ B-NP
amounts NNS I-NP
of IN B-PP
cash NN B-NP
. . O

As IN B-PP
of IN B-PP
the DT B-NP
end NN I-NP
of IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
, , O
it PRP B-NP
had VBD B-VP
$ $ B-NP
4.47 CD I-NP
billion CD I-NP
of IN B-PP
cash NN B-NP
and CC O
marketable JJ B-NP
securities NNS I-NP
on IN B-PP
hand NN B-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
some DT B-NP
securities NNS I-NP
analysts NNS I-NP
had VBD B-VP
predicted VBN I-VP
in IN B-PP
recent JJ B-NP
days NNS I-NP
that IN B-SBAR
IBM NNP B-NP
would MD B-VP
authorize VB I-VP
additional JJ B-NP
purchases NNS I-NP
. . O

In IN B-PP
Armonk NNP B-NP
, , O
N.Y. NNP B-NP
, , O
a DT B-NP
spokesman NN I-NP
said VBD B-VP
that IN B-SBAR
although IN B-SBAR
IBM NNP B-NP
did VBD B-VP
n't RB I-VP
view VB I-VP
its PRP$ B-NP
spending NN I-NP
as IN B-PP
necessarily RB B-NP
a DT I-NP
way NN I-NP
to TO B-VP
support VB I-VP
the DT B-NP
stock NN I-NP
, , O
it PRP B-NP
thought VBD B-VP
the DT B-NP
purchases NNS I-NP
were VBD B-VP
a DT B-NP
good JJ I-NP
way NN I-NP
to TO B-VP
improve VB I-VP
such JJ B-NP
financial JJ I-NP
measurements NNS I-NP
as IN B-PP
per-share JJ B-NP
earnings NNS I-NP
and CC O
return NN B-NP
on IN B-PP
equity NN B-NP
. . O

`` `` O
We PRP B-NP
view VBP B-VP
it PRP B-NP
as IN B-PP
a DT B-NP
good JJ I-NP
long-term JJ I-NP
investment NN I-NP
, , O
'' '' O
the DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

In IN B-PP
the DT B-NP
short JJ I-NP
term NN I-NP
, , O
the DT B-NP
move NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
have VB I-VP
little JJ B-NP
effect NN I-NP
. . O

At IN B-PP
yesterday NN B-NP
's POS B-NP
closing VBG I-NP
price NN I-NP
, , O
$ $ B-NP
1 CD I-NP
billion CD I-NP
would MD B-VP
buy VB I-VP
back RB B-ADVP
about IN B-NP
10 CD I-NP
million CD I-NP
shares NNS I-NP
, , O
or CC O
less JJR B-NP
than IN I-NP
2 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
roughly RB I-NP
580 CD I-NP
million CD I-NP
outstanding JJ B-ADJP
. . O

In IN B-PP
addition NN B-NP
, , O
as IN B-PP
of IN B-PP
Sept. NNP B-NP
30 CD I-NP
, , O
the DT B-NP
company NN I-NP
still RB B-ADVP
had VBD B-VP
authorization NN B-NP
to TO B-VP
buy VB I-VP
$ $ B-NP
368 CD I-NP
million CD I-NP
of IN B-PP
stock NN B-NP
under IN B-PP
a DT B-NP
prior JJ I-NP
repurchase NN I-NP
program NN I-NP
. . O

Over IN B-PP
the DT B-NP
long JJ I-NP
term NN I-NP
, , O
however RB B-ADVP
, , O
IBM NNP B-NP
's POS B-NP
stock NN I-NP
repurchases NNS I-NP
-- : O
along IN B-PP
with IN B-PP
its PRP$ B-NP
hefty JJ I-NP
, , I-NP
$ $ I-NP
4.84-a-share CD I-NP
annual JJ I-NP
dividend NN I-NP
and CC O
generally RB B-NP
loyal JJ I-NP
following NN I-NP
among IN B-PP
large JJ B-NP
institutional JJ I-NP
investors NNS I-NP
-- : O
are VBP B-VP
providing VBG I-VP
a DT B-NP
floor NN I-NP
for IN B-PP
the DT B-NP
stock NN I-NP
price NN I-NP
. . O

Although IN B-SBAR
IBM NNP B-NP
last JJ B-NP
year NN I-NP
produced VBD B-VP
its PRP$ B-NP
first JJ I-NP
strong JJ I-NP
results NNS I-NP
in IN B-PP
four CD B-NP
years NNS I-NP
and CC O
was VBD B-VP
expected VBN I-VP
to TO I-VP
continue VB I-VP
to TO I-VP
roll VB I-VP
this DT B-NP
year NN I-NP
, , O
it PRP B-NP
began VBD B-VP
faltering VBG I-VP
as RB B-ADVP
early RB I-ADVP
as IN B-PP
January NNP B-NP
. . O

First RB B-ADVP
, , O
it PRP B-NP
had VBD B-VP
trouble NN B-NP
manufacturing VBG B-VP
a DT B-NP
chip NN I-NP
for IN B-PP
its PRP$ B-NP
mainframes NNS I-NP
, , O
IBM NNP B-NP
's POS B-NP
bread-and-butter JJ I-NP
business NN I-NP
. . O

Then RB O
it PRP B-NP
had VBD B-VP
a DT B-NP
series NN I-NP
of IN B-PP
smaller JJR B-NP
glitches NNS I-NP
, , O
including VBG B-PP
problems NNS B-NP
manufacturing NN B-VP
certain JJ B-NP
personal JJ I-NP
computers NNS I-NP
and CC O
the DT B-NP
delay NN I-NP
in IN B-PP
the DT B-NP
announcement NN I-NP
of IN B-PP
some DT B-NP
important JJ I-NP
workstations NNS I-NP
. . O

Finally RB B-ADVP
, , O
IBM NNP B-NP
had VBD B-VP
to TO I-VP
delay VB I-VP
the DT B-NP
introduction NN I-NP
of IN B-PP
some DT B-NP
high-end JJ I-NP
disk NN I-NP
drives NNS I-NP
, , O
which WDT B-NP
account VBP B-VP
for IN B-PP
10 CD B-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
$ $ I-NP
60 CD I-NP
billion CD I-NP
of IN B-PP
annual JJ B-NP
revenue NN I-NP
. . O

None NN B-NP
of IN B-PP
the DT B-NP
problems NNS I-NP
is VBZ B-VP
necessarily RB B-ADJP
fatal JJ I-ADJP
, , O
and CC O
they PRP B-NP
are VBP B-VP
n't RB O
all DT O
necessarily RB B-ADJP
even RB I-ADJP
related VBN I-ADJP
. . O

There EX B-NP
are VBP B-VP
also RB B-ADVP
other JJ B-NP
factors NNS I-NP
at IN B-PP
work NN B-NP
that WDT B-NP
are VBP B-VP
outside IN B-PP
IBM NNP B-NP
's POS B-NP
control NN I-NP
, , O
such JJ B-PP
as IN I-PP
currency NN B-NP
exchange NN I-NP
rates NNS I-NP
. . O

The DT B-NP
strong JJ I-NP
dollar NN I-NP
, , O
which WDT B-NP
reduces VBZ B-VP
the DT B-NP
value NN I-NP
of IN B-PP
overseas JJ B-NP
earnings NNS I-NP
and CC I-NP
revenue NN I-NP
when WRB B-ADVP
they PRP B-NP
are VBP B-VP
translated VBN I-VP
into IN B-PP
dollars NNS B-NP
, , O
is VBZ B-VP
expected VBN I-VP
to TO I-VP
knock VB I-VP
80 CD B-NP
to TO I-NP
85 CD I-NP
cents NNS I-NP
off IN B-PP
IBM NNP B-NP
's POS B-NP
per-share JJ I-NP
earnings NNS I-NP
for IN B-PP
the DT B-NP
full JJ I-NP
year NN I-NP
. . O

Without IN B-PP
that DT B-NP
problem NN I-NP
, , O
IBM NNP B-NP
might MD B-VP
have VB I-VP
matched VBN I-VP
last JJ B-NP
year NN I-NP
's POS B-NP
earnings NNS I-NP
of IN B-PP
$ $ B-NP
5.81 CD I-NP
billion CD I-NP
, , O
or CC O
$ $ B-NP
9.80 CD I-NP
a DT B-NP
share NN I-NP
. . O

Still RB B-ADVP
, , O
investors NNS B-NP
will MD B-VP
take VB I-VP
some DT B-NP
convincing NN I-NP
before IN B-SBAR
they PRP B-NP
get VBP B-VP
back RB B-ADVP
into IN B-PP
IBM NNP B-NP
's POS B-NP
stock NN I-NP
in IN B-PP
a DT B-NP
big JJ I-NP
way NN I-NP
. . O

Steve NNP B-NP
Milunovich NNP I-NP
, , O
a DT B-NP
securities NNS I-NP
analyst NN I-NP
at IN B-PP
First NNP B-NP
Boston NNP I-NP
, , O
said VBD B-VP
that IN B-SBAR
while IN B-SBAR
investors NNS B-NP
were VBD B-VP
looking VBG I-VP
for IN B-PP
an DT B-NP
excuse NN I-NP
to TO B-VP
buy VB I-VP
IBM NNP B-NP
shares VBZ I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
even RB B-NP
the DT I-NP
big JJ I-NP
institutional JJ I-NP
investors NNS I-NP
are VBP B-VP
looking VBG I-VP
for IN B-PP
a DT B-NP
reason NN I-NP
to TO B-VP
avoid VB I-VP
the DT B-NP
stock NN I-NP
these DT B-NP
days NNS I-NP
. . O

On IN B-PP
Wall NNP B-NP
Street NNP I-NP
yesterday NN B-NP
, , O
northern JJ B-NP
California NNP I-NP
's POS B-NP
killer NN I-NP
earthquake NN I-NP
was VBD B-VP
just RB B-NP
another DT I-NP
chance NN I-NP
to TO B-VP
make VB I-VP
a DT B-NP
buck NN I-NP
. . O

At IN B-PP
the DT B-NP
opening NN I-NP
bell NN I-NP
, , O
investors NNS B-NP
quickly RB B-VP
began VBD I-VP
singling VBG I-VP
out RP B-PRT
shares NNS B-NP
of IN B-PP
companies NNS B-NP
expected VBN B-VP
to TO I-VP
profit VB I-VP
or CC I-VP
suffer VB I-VP
in IN B-PP
some DT B-NP
way NN I-NP
from IN B-PP
the DT B-NP
California NNP I-NP
disaster NN I-NP
, , O
including VBG B-PP
insurers NNS B-NP
, , O
construction-related JJ B-NP
companies NNS I-NP
, , O
refiners NNS B-NP
and CC O
housing NN B-NP
lenders NNS I-NP
. . O

Brokerage NN B-NP
houses NNS I-NP
jumped VBD B-VP
in IN B-ADVP
, , O
touting VBG B-VP
`` `` B-NP
post-quake JJ I-NP
demand NN I-NP
'' '' I-NP
stocks NNS I-NP
, , O
and CC O
Kidder NNP B-NP
, , I-NP
Peabody NNP I-NP
& CC I-NP
Co. NNP I-NP
set VBD B-VP
up IN B-PRT
a DT B-NP
toll-free JJ I-NP
hot JJ I-NP
line NN I-NP
for IN B-PP
San NNP B-NP
Franciscans NNP I-NP
who WP B-NP
might MD B-VP
need VB I-VP
emergency NN B-NP
investment NN I-NP
advice NN I-NP
and CC O
help VB B-NP
in IN B-PP
transferring VBG B-VP
funds NNS B-NP
. . O

`` `` O
Wall NNP B-NP
Street NNP I-NP
thinks VBZ B-VP
of IN B-PP
everything NN B-NP
in IN B-PP
terms NNS B-NP
of IN B-PP
money NN B-NP
, , O
'' '' O
says VBZ B-VP
Tom NNP B-NP
Gallagher NNP I-NP
, , O
a DT B-NP
senior JJ I-NP
Oppenheimer NNP I-NP
& CC I-NP
Co. NNP I-NP
trader NN I-NP
. . O

However RB B-ADVP
, , O
he PRP B-NP
added VBD B-VP
, , O
such JJ B-NP
event-driven JJ I-NP
trading NN I-NP
moves NNS I-NP
typically RB B-VP
last JJ I-VP
only RB B-NP
a DT I-NP
few JJ I-NP
hours NNS I-NP
and CC O
are VBP B-VP
often RB I-VP
made VBN I-VP
without IN B-PP
full JJ B-NP
information NN I-NP
. . O

The DT B-NP
most RBS I-NP
popular JJ I-NP
plays NNS I-NP
of IN B-PP
the DT B-NP
day NN I-NP
were VBD B-VP
insurance NN B-NP
companies NNS I-NP
such JJ B-PP
as IN I-PP
General NNP B-NP
Re NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
rose VBD B-VP
$ $ B-NP
2.75 CD I-NP
to TO B-PP
$ $ B-NP
86.50 CD I-NP
, , O
Nac NNP B-NP
Re NNP I-NP
Corp. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
2 CD I-NP
to TO B-PP
$ $ B-NP
37.75 CD I-NP
, , O
American NNP B-NP
International NNP I-NP
Group NNP I-NP
Inc. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
3.25 CD I-NP
to TO B-PP
$ $ B-NP
102.625 CD I-NP
, , O
and CC O
Cigna NNP B-NP
Corp. NNP I-NP
, , O
up IN B-ADVP
87.5 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
62.50 CD I-NP
. . O

Yesterday NN B-NP
, , O
the DT B-NP
brokerage NN I-NP
firm NN I-NP
Conning NNP B-NP
& CC I-NP
Co. NNP I-NP
said VBD B-VP
insurers NNS B-NP
will MD B-VP
use VB I-VP
the DT B-NP
earthquake NN I-NP
as IN B-PP
an DT B-NP
excuse NN I-NP
to TO B-VP
raise VB I-VP
insurance NN B-NP
rates NNS I-NP
, , O
ending VBG B-VP
their PRP$ B-NP
long JJ I-NP
price NN I-NP
wars NNS I-NP
. . O

Before IN B-SBAR
this DT B-NP
bullish JJ I-NP
theory NN I-NP
surfaced VBD B-VP
, , O
some DT B-NP
insurance NN I-NP
stocks NNS I-NP
initially RB B-ADVP
fell VBD B-VP
, , O
indicating VBG B-VP
that IN B-SBAR
investors NNS B-NP
thought VBD B-VP
the DT B-NP
quake NN I-NP
might MD B-VP
cost VB I-VP
insurers NNS B-NP
a DT B-NP
lot NN I-NP
of IN B-PP
money NN B-NP
. . O

In IN B-PP
fact NN B-NP
, , O
Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
ended VBD B-VP
the DT B-NP
day NN I-NP
off IN B-ADVP
50 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
36.50 CD I-NP
, , O
said VBD B-VP
earthquake NN B-NP
damage NN I-NP
would MD B-VP
slightly RB I-VP
hurt VBN I-VP
fourth-quarter JJ B-NP
profit NN I-NP
. . O

On IN B-PP
the DT B-NP
prospect NN I-NP
for IN B-PP
rebuilding VBG B-VP
northern JJ B-NP
California NNP I-NP
, , O
investors NNS B-NP
bid VBP B-VP
up IN B-PRT
cement-makers NNS B-NP
Calmat NNP I-NP
Co. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
2.75 CD I-NP
to TO B-PP
$ $ B-NP
28.75 CD I-NP
, , O
and CC O
Lone NNP B-NP
Star NNP I-NP
Industries NNP I-NP
Inc. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.75 CD I-NP
to TO B-PP
$ $ B-NP
29.25 CD I-NP
. . O

Bridge NNP B-NP
and CC I-NP
road NN I-NP
builders NNS I-NP
had VBD B-VP
a DT B-NP
field NN I-NP
day NN I-NP
, , O
including VBG B-PP
Kasler NNP B-NP
Corp. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
2.125 CD I-NP
to TO B-PP
$ $ B-NP
9.875 CD I-NP
, , O
Guy NNP B-NP
F. NNP I-NP
Atkinson NNP I-NP
Co. NNP I-NP
, , O
up IN B-ADVP
87.5 CD B-NP
to TO B-PP
$ $ B-NP
61.875 CD I-NP
, , O
and CC O
Morrison NNP B-NP
Knudsen NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
reported VBD B-VP
higher JJR B-NP
third-quarter JJ I-NP
earnings NNS I-NP
yesterday NN B-NP
, , O
up IN B-ADVP
$ $ B-NP
2.25 CD I-NP
to TO B-PP
$ $ B-NP
44.125 CD I-NP
. . O

Fluor NNP B-NP
Corp. NNP I-NP
, , O
a DT B-NP
construction NN I-NP
engineering NN I-NP
firm NN I-NP
, , O
gained VBD B-VP
75 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
33.375 CD I-NP
. . O

But CC O
home-building JJ B-NP
stocks NNS I-NP
were VBD B-VP
a DT B-NP
mixed VBN I-NP
bag NN I-NP
. . O

Timber NN B-NP
stocks NNS I-NP
got VBD B-VP
a DT B-NP
big JJ I-NP
boost NN I-NP
. . O

Georgia NNP B-NP
Pacific NNP I-NP
Corp. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
1.25 CD I-NP
to TO B-PP
$ $ B-NP
58 CD I-NP
, , O
and CC O
Maxxam NNP B-NP
Inc. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
3 CD I-NP
to TO B-PP
$ $ B-NP
43.75 CD I-NP
, , O
both DT O
reported VBD B-VP
strong JJ B-NP
profits NNS I-NP
. . O

Merrill NNP B-NP
Lynch NNP I-NP
& CC I-NP
Co. NNP I-NP
touted VBD B-VP
Georgia-Pacific NNP B-NP
, , O
Louisiana NNP B-NP
Pacific NNP I-NP
Corp. NNP I-NP
and CC O
Willamette NNP B-NP
Industries NNP I-NP
Inc. NNP I-NP
as IN B-PP
the DT B-NP
best JJS I-NP
post-quake JJ I-NP
plywood NN I-NP
plays NNS I-NP
. . O

Other JJ B-NP
gainers NNS I-NP
were VBD B-VP
companies NNS B-NP
with IN B-PP
one CD B-NP
or CC I-NP
more RBR I-NP
undamaged JJ I-NP
California NNP I-NP
refineries NNS I-NP
. . O

Tosco NNP B-NP
Corp. NNP I-NP
jumped VBD B-VP
$ $ B-NP
1.125 CD I-NP
to TO B-PP
$ $ B-NP
20.125 CD I-NP
and CC O
Chevron NNP B-NP
Corp. NNP I-NP
, , O
despite IN B-PP
a DT B-NP
temporary JJ I-NP
pipeline NN I-NP
shutdown NN I-NP
, , O
rose VBD B-VP
$ $ B-NP
1 CD I-NP
to TO B-PP
$ $ B-NP
65 CD I-NP
. . O

Meanwhile RB B-ADVP
, , O
shares VBZ B-NP
of IN B-PP
some DT B-NP
big JJ I-NP
housing NN I-NP
lenders NNS I-NP
got VBD B-VP
hit VBN I-VP
, , O
on IN B-PP
the DT B-NP
likelihood NN I-NP
that IN B-SBAR
the DT B-NP
lenders NNS I-NP
' POS B-NP
collateral NN I-NP
-- : O
people NNS B-NP
's POS B-NP
homes NNS I-NP
-- : O
suffered VBD B-VP
physical JJ B-NP
damage NN I-NP
and CC O
perhaps RB B-ADVP
a DT B-NP
loss NN I-NP
in IN B-PP
value NN B-NP
. . O

Wells NNP B-NP
Fargo NNP I-NP
& CC I-NP
Co. NNP I-NP
fell VBD B-VP
50 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
81.50 CD I-NP
, , O
and CC O
BankAmerica NNP B-NP
Corp. NNP I-NP
fell VBD B-VP
50 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
31.875 CD I-NP
. . O

Some DT B-NP
California NNP I-NP
thrift NN I-NP
stocks NNS I-NP
also RB B-ADVP
fell VBD B-VP
, , O
including VBG B-PP
Golden NNP B-NP
West NNP I-NP
Financial NNP I-NP
Corp. NNP I-NP
and CC O
H.F. NNP B-NP
Ahmanson NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
which WDT B-NP
reported VBD B-VP
lower JJR B-NP
earnings NNS I-NP
yesterday NN B-NP
. . O

`` `` O
Property NNP B-NP
values NNS I-NP
did VBD B-VP
n't RB I-VP
go VB I-VP
up IN B-ADVP
in IN B-PP
California NNP B-NP
yesterday NN B-NP
, , O
'' '' O
says VBZ B-VP
one CD B-NP
money NN I-NP
manager NN I-NP
. . O

Pacific NNP B-NP
Gas NNP I-NP
& CC I-NP
Electric NNP I-NP
Co. NNP I-NP
fell VBD B-VP
37.5 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
19.625 CD I-NP
. . O

One CD B-NP
of IN B-PP
its PRP$ B-NP
power NN I-NP
generators NNS I-NP
was VBD B-VP
damaged VBN I-VP
, , O
though IN B-SBAR
the DT B-NP
company NN I-NP
said VBD B-VP
there EX B-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
any DT B-NP
financial JJ I-NP
impact NN I-NP
. . O

Pacific NNP B-NP
Telesis NNP I-NP
Group NNP I-NP
lost VBD B-VP
62.5 CD B-NP
cents NNS I-NP
to TO B-PP
$ $ B-NP
44.625 CD I-NP
. . O

A DT B-NP
computer NN I-NP
failure NN I-NP
delayed VBD B-VP
its PRP$ B-NP
earnings NNS I-NP
announcement NN I-NP
, , O
and CC O
some DT B-NP
investors NNS I-NP
think VBP B-VP
it PRP B-NP
might MD B-VP
have VB I-VP
extra JJ B-NP
costs NNS I-NP
to TO B-VP
repair VB I-VP
damaged VBN B-NP
telephone NN I-NP
lines NNS I-NP
. . O

Heavy JJ B-NP
construction NN I-NP
, , O
property-casualty JJ B-NP
insurance NN I-NP
and CC O
forest NN B-NP
products NNS I-NP
were VBD B-VP
among IN B-PP
the DT B-NP
best JJS I-NP
performing VBG I-NP
industry NN I-NP
groups NNS I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Equity NNP I-NP
Market NNP I-NP
Index NNP I-NP
yesterday NN B-NP
. . O

Friday NNP B-NP
's POS B-NP
stock NN I-NP
market NN I-NP
plunge NN I-NP
claimed VBD B-VP
its PRP$ B-NP
second JJ I-NP
victim NN I-NP
among IN B-PP
the DT B-NP
scores NNS I-NP
of IN B-PP
futures NNS B-NP
and CC I-NP
options NNS I-NP
trading NN I-NP
firms NNS I-NP
here RB B-ADVP
. . O

Petco NNP B-NP
Options NNPS I-NP
, , O
an DT B-NP
options NNS I-NP
trading NN I-NP
firm NN I-NP
owned VBN B-VP
by IN B-PP
the DT B-NP
family NN I-NP
of IN B-PP
the DT O
deceased JJ O
former JJ O
Chicago NNP O
Board NNP O
of IN B-PP
Trade NNP B-NP
chairman NN B-NP
Ralph NNP B-NP
Peters NNP I-NP
, , O
is VBZ B-VP
getting VBG I-VP
out IN B-ADVP
of IN B-PP
the DT B-NP
trade NN I-NP
clearing VBG I-NP
, , O
or CC O
processing NN O
and CC O
guaranteeing VBG O
, , O
business NN B-NP
after IN B-PP
sustaining VBG B-VP
a DT B-NP
multimillion JJ I-NP
dollar NN I-NP
loss NN I-NP
Friday NNP B-NP
, , O
options NNS B-NP
industry NN I-NP
officials NNS I-NP
said VBD B-VP
. . O

Nearly RB B-NP
75 CD I-NP
options NNS I-NP
traders NNS I-NP
on IN B-PP
the DT B-NP
Chicago NNP I-NP
Board NNP I-NP
Options NNP I-NP
Exchange NNP I-NP
who WP B-NP
cleared VBD B-VP
trades NNS B-NP
through IN B-PP
Petco NNP B-NP
, , O
including VBG B-PP
a DT B-NP
handful NN I-NP
of IN B-PP
traders NNS B-NP
who WP B-NP
lost VBD B-VP
between IN B-NP
$ $ I-NP
500,000 CD I-NP
to TO I-NP
$ $ I-NP
1 CD I-NP
million CD I-NP
themselves PRP O
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
Friday NNP B-NP
's POS B-NP
debacle NN I-NP
, , O
are VBP B-VP
trying VBG I-VP
to TO I-VP
transfer VB I-VP
their PRP$ B-NP
business NN I-NP
to TO B-PP
other JJ B-NP
clearing NN I-NP
firms NNS I-NP
, , O
CBOE NNP B-NP
members NNS I-NP
said VBD B-VP
. . O

Timothy NNP B-NP
Vincent NNP I-NP
, , O
Petco NNP B-NP
chief JJ I-NP
executive JJ I-NP
officer NN I-NP
, , O
confirmed VBD B-VP
that IN B-SBAR
Petco NNP B-NP
was VBD B-VP
withdrawing VBG I-VP
from IN B-PP
the DT B-NP
clearing VBG I-NP
business NN I-NP
. . O

`` `` O
The DT B-NP
owners NNS I-NP
of IN B-PP
the DT B-NP
company NN I-NP
got VBD B-VP
a DT B-NP
look NN I-NP
at IN B-PP
the DT B-NP
potential JJ I-NP
risks NNS I-NP
in IN B-PP
this DT B-NP
business NN I-NP
, , O
and CC O
after IN B-PP
Monday NNP B-NP
they PRP B-NP
felt VBD B-VP
they PRP B-NP
did VBD B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
be VB I-VP
exposed VBN I-VP
any DT B-ADVP
more JJR I-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
Petco NNP B-NP
remained VBD B-VP
in IN B-PP
compliance NN B-NP
with IN B-PP
all DT B-NP
industry NN I-NP
capital NN I-NP
requirements NNS I-NP
during IN B-PP
the DT B-NP
market NN I-NP
's POS B-NP
rapid JJ I-NP
plunge NN I-NP
Friday NNP B-NP
and CC O
Monday NNP B-NP
's POS B-NP
rebound NN I-NP
. . O

A DT B-NP
CBOE NNP I-NP
spokeswoman NN I-NP
declined VBD B-VP
comment VB B-NP
on IN B-PP
Petco NNP B-NP
. . O

Over IN B-PP
the DT B-NP
weekend NN I-NP
Fossett NNP B-NP
Corp. NNP I-NP
, , O
another DT B-NP
options NNS I-NP
trading NN I-NP
firm NN I-NP
, , O
transferred VBD B-VP
the DT B-NP
clearing VBG I-NP
accounts NNS I-NP
of IN B-PP
about IN B-NP
160 CD I-NP
traders NNS I-NP
to TO B-PP
First NNP B-NP
Options NNPS I-NP
of IN B-PP
Chicago NNP B-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Continental NNP B-NP
Bank NNP I-NP
Corp. NNP I-NP
, , O
because IN B-SBAR
it PRP B-NP
could MD B-VP
n't RB I-VP
meet VB I-VP
regulatory JJ B-NP
capital NN I-NP
requirements NNS I-NP
after IN B-PP
Friday NNP B-NP
's POS B-NP
market NN I-NP
slide NN I-NP
. . O

The DT B-NP
unprecedented JJ I-NP
transfer NN I-NP
of IN B-PP
accounts NNS B-NP
underscored VBD B-VP
the DT B-NP
options NNS I-NP
industry NN I-NP
's POS B-NP
desire NN I-NP
not RB O
to TO B-VP
have VB I-VP
its PRP$ B-NP
credibility NN I-NP
tarnished VBN B-VP
by IN B-PP
potentially RB B-NP
widespread JJ I-NP
trading NN I-NP
defaults NNS I-NP
on IN B-PP
Monday NNP B-NP
. . O

The DT B-NP
CBOE NNP I-NP
, , O
American NNP B-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
Options NNP B-NP
Clearing NNP I-NP
Corp. NNP I-NP
and CC O
Stephen NNP B-NP
Fossett NNP I-NP
, , O
owner NN B-NP
of IN B-PP
Fossett NNP B-NP
, , O
joined VBD B-VP
in IN B-PP
putting VBG B-VP
up IN B-PRT
$ $ B-NP
50 CD I-NP
million CD I-NP
to TO B-VP
guarantee VB I-VP
the DT B-NP
accounts NNS I-NP
at IN B-PP
First NNP B-NP
Options NNPS I-NP
. . O

The DT B-NP
head NN I-NP
of IN B-PP
another DT B-NP
small JJ I-NP
options NNS I-NP
clearing VBG I-NP
firm NN I-NP
, , O
who WP B-NP
asked VBD B-VP
not RB O
to TO B-VP
be VB I-VP
identified VBN I-VP
, , O
said VBD B-VP
that IN B-SBAR
the DT B-NP
heightened VBN I-NP
volatility NN I-NP
in IN B-PP
the DT B-NP
financial JJ I-NP
markets NNS I-NP
in IN B-PP
recent JJ B-NP
years NNS I-NP
makes VBZ B-VP
it PRP B-NP
increasingly RB B-ADJP
difficult JJ I-ADJP
for IN B-SBAR
any DT B-NP
but CC B-PP
the DT B-NP
largest JJS I-NP
financial JJ I-NP
trading NN I-NP
firms NNS I-NP
to TO B-VP
shoulder VB I-VP
the DT B-NP
risk NN I-NP
inherent JJ B-ADJP
in IN B-PP
the DT B-NP
highly RB I-NP
leveraged JJ I-NP
options NNS I-NP
and CC I-NP
futures NNS I-NP
business NN I-NP
. . O

Prior RB B-PP
to TO I-PP
the DT B-NP
introduction NN I-NP
of IN B-PP
financial JJ B-NP
futures NNS I-NP
in IN B-PP
the DT B-NP
late JJ I-NP
1970s NNS I-NP
, , O
most RBS B-NP
trading NN I-NP
firms NNS I-NP
clustered VBN B-VP
around IN B-PP
the DT B-NP
LaSalle NNP I-NP
Street NNP I-NP
financial JJ I-NP
district NN I-NP
here RB B-ADVP
were VBD B-VP
family NN B-NP
operations NNS I-NP
handed VBD B-VP
down RB B-ADVP
from IN B-PP
one CD B-NP
generation NN I-NP
to TO B-PP
the DT B-NP
next JJ I-NP
. . O

Most JJS B-NP
also RB B-ADVP
were VBD B-VP
relatively RB B-ADJP
undercapitalized JJ I-ADJP
compared VBN B-PP
with IN B-PP
the DT B-NP
size NN I-NP
of IN B-PP
most RBS B-NP
Wall NNP I-NP
Street NNP I-NP
securities NNS I-NP
firms NNS I-NP
. . O

Mr. NNP B-NP
Peters NNP I-NP
, , O
a DT B-NP
LaSalle NNP I-NP
Street NNP I-NP
legend NN I-NP
among IN B-PP
the DT B-NP
post-World NNP I-NP
War NNP I-NP
II NNP I-NP
generation NN I-NP
of IN B-PP
commodity NN B-NP
traders NNS I-NP
, , O
was VBD B-VP
rumored VBN I-VP
to TO I-VP
have VB I-VP
amassed VBN I-VP
a DT B-NP
multimillion-dollar JJ I-NP
fortune NN I-NP
from IN B-PP
commodity NN B-NP
trading NN I-NP
and CC O
other JJ B-NP
activities NNS I-NP
by IN B-PP
the DT B-NP
time NN I-NP
he PRP B-NP
died VBD B-VP
in IN B-PP
May NNP B-NP
. . O

Part NN B-NP
of IN B-PP
a DT B-NP
Series NNP I-NP
-RCB- ) O

Betty NNP B-NP
Lombardi NNP I-NP
is VBZ B-VP
a DT B-NP
mild-mannered JJ I-NP
homemaker NN I-NP
and CC I-NP
grandmother NN I-NP
in IN B-PP
rural JJ B-NP
Hunterdon NNP I-NP
County NNP I-NP
, , O
N.J NNP B-NP
. . O

But CC O
put VB B-VP
her PRP B-NP
behind IN B-PP
a DT B-NP
shopping NN I-NP
cart NN I-NP
and CC O
she PRP B-NP
turns VBZ B-VP
ruthless JJ B-ADJP
. . O

If IN B-SBAR
Colgate NNP B-NP
toothpaste NN I-NP
offers VBZ B-VP
a DT B-NP
tempting JJ I-NP
money-saving JJ I-NP
coupon NN I-NP
, , O
she PRP B-NP
'll MD B-VP
cross VB I-VP
Crest NNP B-NP
off IN B-PP
her PRP$ B-NP
shopping NN I-NP
list NN I-NP
without IN B-PP
a DT B-NP
second NN I-NP
thought VBD I-NP
. . O

Never RB B-ADVP
mind NN B-VP
that IN O
her PRP$ B-NP
husband NN I-NP
prefers VBZ B-VP
Crest NNP B-NP
. . O

Some DT B-NP
weeks NNS I-NP
when WRB B-ADVP
her PRP$ B-NP
supermarket NN I-NP
runs VBZ B-VP
a DT B-NP
double-coupon NN I-NP
promotion NN I-NP
, , O
she PRP B-NP
boasts VBZ B-VP
that IN B-SBAR
she PRP B-NP
shaves VBZ B-VP
$ $ B-NP
22 CD I-NP
off IN B-PP
her PRP$ B-NP
bill NN I-NP
. . O

Money NNP B-NP
is VBZ B-VP
n't RB O
the DT B-NP
only JJ I-NP
thing NN I-NP
that WDT B-NP
makes VBZ B-VP
her PRP$ B-NP
dump NN B-VP
once RB B-NP
favorite JJ I-NP
brands NNS I-NP
. . O

After IN B-SBAR
she PRP B-NP
heard VBD B-VP
about IN B-PP
the DT B-NP
artery-clogging NN I-NP
hazards NNS I-NP
of IN B-PP
tropical JJ B-NP
oils NNS I-NP
in IN B-PP
many JJ B-NP
cookies NNS I-NP
, , O
she PRP B-NP
dropped VBD B-VP
Pepperidge NNP B-NP
Farm NNP I-NP
and CC O
started VBD B-VP
buying VBG I-VP
brands NNS B-NP
free JJ B-ADJP
of IN B-PP
such JJ B-NP
oils NNS I-NP
. . O

`` `` O
I PRP B-NP
always RB B-ADVP
thought VBD B-VP
Pepperidge NNP B-NP
Farm NNP I-NP
was VBD B-VP
tasty JJ B-ADJP
and CC O
high JJ B-ADJP
quality NN I-ADJP
, , O
'' '' O
Mrs. NNP B-NP
Lombardi NNP I-NP
says VBZ B-VP
. . O

`` `` O
But CC O
I PRP B-NP
do VBP B-VP
n't RB I-VP
want VB I-VP
any DT B-NP
of IN B-PP
that DT B-NP
oil NN I-NP
for IN B-PP
my PRP$ B-NP
grandkids NNS I-NP
. . O
'' '' O

-LRB- ( O
Pepperidge NNP B-NP
Farm NNP I-NP
says VBZ B-VP
it PRP B-NP
ca MD B-VP
n't RB I-VP
tell VB I-VP
exactly RB B-NP
how WRB I-NP
many JJ I-NP
customers NNS I-NP
it PRP B-NP
has VBZ B-VP
lost VBN I-VP
, , O
but CC O
it PRP B-NP
hopes VBZ B-VP
to TO I-VP
remove VB I-VP
the DT B-NP
objectionable JJ I-NP
tropical JJ I-NP
oil NN I-NP
from IN B-PP
all DT B-NP
its PRP$ I-NP
products NNS I-NP
by IN B-PP
year NN B-NP
end NN I-NP
. . O
-RRB- ) O

Clearly RB B-ADVP
, , O
people NNS B-NP
like IN B-PP
Mrs. NNP B-NP
Lombardi NNP I-NP
are VBP B-VP
giving VBG I-VP
marketers NNS B-NP
fits VBZ B-NP
. . O

She PRP B-NP
represents VBZ B-VP
a DT B-NP
new JJ I-NP
breed NN I-NP
of IN B-PP
savvy JJ B-NP
consumer NN I-NP
who WP B-NP
puts VBZ B-VP
bargain NN B-NP
prices NNS I-NP
, , O
nutritional JJ B-NP
and CC I-NP
environmental JJ I-NP
concerns NNS I-NP
, , O
and CC O
other JJ B-NP
priorities NNS I-NP
ahead RB B-ADVP
of IN B-PP
old-fashioned JJ B-NP
brand NN I-NP
loyalty NN I-NP
. . O

While IN B-SBAR
brand NN B-NP
loyalty NN I-NP
is VBZ B-VP
far RB B-PP
from IN B-PP
dead JJ B-ADJP
, , O
marketing NN B-NP
experts NNS I-NP
say VBP B-VP
it PRP B-NP
has VBZ B-VP
eroded VBN I-VP
during IN B-PP
the DT B-NP
1980s CD I-NP
. . O

Marketers NNS B-NP
themselves PRP O
are VBP B-VP
partly RB B-ADVP
to TO B-PP
blame VB B-ADJP
: : O
They PRP B-NP
've VBP B-VP
increased VBN I-VP
spending NN B-NP
for IN B-PP
coupons NNS B-NP
and CC O
other JJ B-NP
short-term JJ I-NP
promotions NNS I-NP
at IN B-PP
the DT B-NP
expense NN I-NP
of IN B-PP
image-building JJ B-NP
advertising NN I-NP
. . O

What WP B-NP
's VBZ B-VP
more JJR B-NP
, , O
a DT B-NP
flood NN I-NP
of IN B-PP
new JJ B-NP
products NNS I-NP
has VBZ B-VP
given VBN I-VP
consumers NNS B-NP
a DT B-NP
dizzying JJ I-NP
choice NN I-NP
of IN B-PP
brands NNS B-NP
, , O
many NN B-NP
of IN B-PP
which WDT B-NP
are VBP B-VP
virtually JJ B-ADVP
carbon NN B-NP
copies NNS I-NP
of IN B-PP
one CD B-NP
other JJ I-NP
. . O

`` `` O
Marketers NNS B-NP
have VBP B-VP
brought VBN I-VP
this DT B-NP
on IN B-PP
themselves PRP B-NP
with IN B-PP
their PRP$ B-NP
heavy JJ I-NP
use NN I-NP
'' '' O
of IN B-PP
promotions NNS B-NP
, , O
contends VBZ B-VP
Joe NNP B-NP
Plummer NNP I-NP
, , O
an DT B-NP
executive JJ I-NP
vice NN I-NP
president NN I-NP
at IN B-PP
the DT B-NP
D'Arcy NNP I-NP
Masius NNP I-NP
Benton NNP I-NP
& CC I-NP
Bowles NNP I-NP
ad NN I-NP
agency NN I-NP
. . O

`` `` O
Without IN B-PP
some DT B-NP
real JJ I-NP
product NN I-NP
improvements NNS I-NP
, , O
it PRP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
difficult JJ B-ADJP
to TO B-VP
win VB I-VP
that DT B-NP
loyalty NN I-NP
back RB B-ADVP
. . O
'' '' O

The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
's POS B-NP
`` `` O
American JJ O
Way NN O
of IN B-PP
Buying VBG B-NP
'' '' B-NP
survey NN I-NP
this DT B-NP
year NN I-NP
found VBD B-VP
that IN B-SBAR
most RBS B-NP
consumers NNS I-NP
switch VBP B-VP
brands NNS B-NP
for IN B-PP
many NN B-NP
of IN B-PP
the DT B-NP
products NNS I-NP
they PRP B-NP
use VBP B-VP
. . O

For IN B-PP
the DT B-NP
survey NN I-NP
, , O
Peter NNP B-NP
D. NNP I-NP
Hart NNP I-NP
Research NNP I-NP
Associates NNPS I-NP
asked VBD B-VP
some DT B-NP
2,000 CD I-NP
consumers NNS I-NP
, , O
including VBG B-PP
Mrs. NNP B-NP
Lombardi NNP I-NP
, , O
whether IN B-SBAR
they PRP B-NP
usually RB B-VP
buy VBP I-VP
one CD B-NP
brand NN I-NP
of IN B-PP
a DT B-NP
certain JJ I-NP
type NN I-NP
of IN B-PP
product NN B-NP
or CC O
have VBP B-VP
no DT B-NP
brand NN I-NP
loyalty NN I-NP
. . O

More RBR B-NP
than IN I-NP
half PDT I-NP
the DT I-NP
users NNS I-NP
of IN B-PP
17 CD B-NP
of IN B-PP
the DT B-NP
25 CD I-NP
products NNS I-NP
included VBD B-VP
in IN B-PP
the DT B-NP
survey NN I-NP
said VBD B-VP
they PRP B-NP
're VBP B-VP
brand NN B-NP
switchers NNS I-NP
. . O

Overall RB B-ADVP
, , O
12 CD B-NP
% NN I-NP
of IN B-PP
consumers NNS B-NP
are VBP B-VP
n't RB O
brand VBP B-ADJP
loyal JJ I-ADJP
for IN B-PP
any DT B-NP
of IN B-PP
the DT B-NP
25 CD I-NP
product NN I-NP
categories NNS I-NP
. . O

About IN B-NP
47 CD I-NP
% NN I-NP
are VBP B-VP
loyal JJ B-ADJP
for IN B-PP
one CD B-NP
to TO I-NP
five CD I-NP
of IN B-PP
the DT B-NP
products NNS I-NP
. . O

Only RB B-NP
2 CD I-NP
% NN I-NP
are VBP B-VP
brand NN B-ADJP
loyal JJ I-ADJP
in IN B-PP
16 CD B-NP
to TO I-NP
20 CD I-NP
of IN B-PP
the DT B-NP
categories NNS I-NP
, , O
and CC O
no DT B-NP
one CD I-NP
is VBZ B-VP
loyal JJ B-ADJP
for IN B-PP
more JJR B-NP
than IN I-NP
20 CD I-NP
types NNS I-NP
of IN B-PP
products NNS B-NP
. . O

For IN B-PP
such JJ B-NP
products NNS I-NP
as IN B-PP
canned JJ B-NP
vegetables NNS I-NP
and CC O
athletic JJ B-NP
shoes NNS I-NP
, , O
devotion NN B-NP
to TO B-PP
a DT B-NP
single JJ I-NP
brand NN I-NP
was VBD B-VP
quite RB B-ADJP
low JJ I-ADJP
, , O
with IN B-PP
fewer JJR B-NP
than IN I-NP
30 CD I-NP
% NN I-NP
saying VBG B-VP
they PRP B-NP
usually RB B-ADVP
buy VBP B-VP
the DT B-NP
same JJ I-NP
brand NN I-NP
. . O

Only RB B-ADVP
for IN B-PP
cigarettes NNS B-NP
, , I-NP
mayonnaise NN I-NP
and CC I-NP
toothpaste NN I-NP
did VBD O
more JJR B-NP
than IN I-NP
60 CD I-NP
% NN I-NP
of IN B-PP
users NNS B-NP
say VBP B-VP
they PRP B-NP
typically RB B-ADVP
stick VBP B-VP
with IN B-PP
the DT B-NP
same JJ I-NP
brand NN I-NP
. . O

People NNS B-NP
tend VBP B-VP
to TO I-VP
be VB I-VP
most RBS B-ADJP
loyal JJ I-ADJP
to TO B-PP
brands NNS B-NP
that WDT B-NP
have VBP B-VP
distinctive JJ B-NP
flavors NNS I-NP
, , O
such JJ B-PP
as IN I-PP
cigarettes NNS B-NP
and CC I-NP
ketchup NN I-NP
. . O

Kathie NNP B-NP
Huff NNP I-NP
, , O
a DT B-NP
respondent NN I-NP
in IN B-PP
the DT B-NP
Journal NNP I-NP
survey NN I-NP
from IN B-PP
Spokane NNP B-NP
, , O
Wash. NNP B-NP
, , O
says VBZ B-VP
her PRP$ B-NP
husband NN I-NP
is VBZ B-VP
adamant JJ B-ADJP
about IN B-PP
eating VBG B-VP
only RB O
Hunt NNP B-NP
's POS B-NP
ketchup NN I-NP
. . O

He PRP B-NP
simply RB B-ADVP
ca MD B-VP
n't RB I-VP
stomach VB I-VP
the DT B-NP
taste NN I-NP
of IN B-PP
Heinz NNP B-NP
, , O
she PRP B-NP
says VBZ B-VP
. . O

The DT B-NP
31-year-old JJ I-NP
homemaker NN I-NP
adds VBZ B-VP
, , O
`` `` O
The DT B-NP
only RB I-NP
other JJ I-NP
thing NN I-NP
I PRP B-NP
'm VBP B-VP
really RB B-ADJP
loyal JJ I-ADJP
to TO B-PP
is VBZ B-VP
my PRP$ B-NP
Virginia NNP I-NP
Slims NNPS I-NP
cigarettes NNS I-NP
. . O

Coke NNP B-NP
and CC I-NP
Pepsi NNP I-NP
are VBP B-VP
all PDT O
the DT B-NP
same JJ I-NP
to TO B-PP
me PRP B-NP
, , O
and CC O
I PRP B-NP
usually RB B-ADVP
buy VBP B-VP
whichever WDT B-NP
brand VBP I-NP
of IN B-PP
coffee NN B-NP
happens VBZ B-VP
to TO I-VP
be VB I-VP
on IN B-PP
sale NN B-NP
. . O
'' '' O

Brand NN B-NP
imagery NN I-NP
plays VBZ B-VP
a DT B-NP
significant JJ I-NP
role NN I-NP
in IN B-PP
loyalty NN B-NP
to TO B-PP
such JJ B-NP
products NNS I-NP
as IN B-PP
cigarettes NNS B-NP
, , I-NP
perfume NN I-NP
and CC I-NP
beer NN I-NP
. . O

People NNS B-NP
often RB B-ADVP
stay VBP B-VP
with IN B-PP
a DT B-NP
particular JJ I-NP
brand NN I-NP
because IN B-SBAR
they PRP B-NP
want VBP B-VP
to TO I-VP
be VB I-VP
associated VBN I-VP
with IN B-PP
the DT B-NP
image VB I-NP
its PRP$ B-NP
advertising NN I-NP
conveys VBZ B-VP
, , O
whether IN B-SBAR
that DT B-NP
's VBZ B-VP
macho JJ B-NP
Marlboro NNP I-NP
cigarettes NNS I-NP
or CC O
Cher NNP B-NP
's POS B-NP
Uninhibited NNP I-NP
perfume NN I-NP
. . O

Loyalty NN B-NP
lags VBZ B-VP
most RBS B-ADVP
for IN B-PP
utilitarian JJ B-NP
products NNS I-NP
like IN B-PP
trash NN B-NP
bags NNS I-NP
and CC O
batteries NNS B-NP
. . O

Only RB B-NP
23 CD I-NP
% NN I-NP
of IN B-PP
trash-bag NN B-NP
users NNS I-NP
in IN B-PP
the DT B-NP
Journal NNP I-NP
survey NN I-NP
usually RB B-ADVP
buy VB B-VP
the DT B-NP
same JJ I-NP
brand NN I-NP
, , O
and CC O
just RB B-NP
29 CD I-NP
% NN I-NP
of IN B-PP
battery NN B-NP
buyers NNS I-NP
stick VBP B-VP
to TO B-PP
one CD B-NP
brand NN I-NP
. . O

Underwear NN B-NP
scored VBD B-VP
a DT B-NP
middling JJ I-NP
36 CD I-NP
% NN I-NP
in IN B-PP
brand NN B-NP
loyalty NN I-NP
, , O
but CC O
consumer NN B-NP
researchers NNS I-NP
say VBP B-VP
that DT B-NP
's VBZ B-VP
actually RB B-ADVP
quite RB B-ADJP
high JJ I-ADJP
for IN B-PP
such JJ B-NP
a DT I-NP
mundane JJ I-NP
product NN I-NP
. . O

`` `` O
In IN B-PP
the DT B-NP
past NN I-NP
, , O
you PRP B-NP
just RB B-VP
wore VBD I-VP
Fruit NNP B-NP
of IN B-PP
the DT B-NP
Loom NNP I-NP
and CC O
did VBD B-VP
n't RB I-VP
care VB I-VP
, , O
'' '' O
says VBZ B-VP
Peter NNP B-NP
Kim NNP I-NP
, , O
U.S. NNP B-NP
director NN I-NP
of IN B-PP
consumer NN B-NP
behavior NN I-NP
research NN I-NP
for IN B-PP
the DT B-NP
J. NNP I-NP
Walter NNP I-NP
Thompson NNP I-NP
ad NN I-NP
agency NN I-NP
. . O

`` `` O
The DT B-NP
high JJ I-NP
score NN I-NP
reflects VBZ B-VP
the DT B-NP
attempts NNS I-NP
to TO B-VP
make VB I-VP
underwear NN B-NP
more JJR B-NP
of IN B-PP
a DT B-NP
fashion NN I-NP
image NN I-NP
business NN I-NP
for IN B-PP
both DT B-NP
men NNS I-NP
and CC I-NP
women NNS I-NP
. . O
'' '' O

He PRP B-NP
believes VBZ B-VP
there EX B-NP
's VBZ B-VP
opportunity NN B-NP
for IN B-SBAR
a DT B-NP
smart JJ I-NP
gasoline NN I-NP
marketer NN I-NP
to TO B-VP
create VB I-VP
a DT B-NP
strong JJ I-NP
brand NN I-NP
image NN I-NP
and CC O
more JJR B-NP
consumer NN I-NP
loyalty NN I-NP
. . O

What WP B-NP
loyalty NN I-NP
there EX B-NP
is VBZ B-VP
to TO B-PP
gas VB B-NP
brands NNS I-NP
, , O
he PRP B-NP
believes VBZ B-VP
, , O
is VBZ B-VP
a DT B-NP
matter NN I-NP
of IN B-PP
stopping VBG B-VP
at IN B-PP
the DT O
most RBS B-ADVP
conveniently RB I-ADVP
located VBN B-NP
service NN I-NP
stations NNS I-NP
. . O

Brand NN B-NP
loyalty NN I-NP
was VBD B-VP
stronger JJR B-ADJP
among IN B-PP
older JJR B-NP
consumers NNS I-NP
in IN B-PP
the DT B-NP
Journal NNP I-NP
survey NN I-NP
. . O

Nearly RB B-NP
one-fourth NN I-NP
of IN B-PP
participants NNS B-NP
age VBP B-NP
60 CD I-NP
and CC O
older JJR B-ADJP
claim NN B-VP
brand NN B-NP
loyalty NN I-NP
for IN B-PP
more JJR B-NP
than IN I-NP
10 CD I-NP
of IN B-PP
the DT B-NP
25 CD I-NP
products NNS I-NP
in IN B-PP
the DT B-NP
survey NN I-NP
; : O
only RB B-NP
9 CD I-NP
% NN I-NP
of IN B-PP
those DT B-NP
age NN B-NP
18 CD B-NP
to TO I-NP
29 CD I-NP
have VBP B-VP
such JJ B-NP
strong JJ I-NP
allegiance NN I-NP
. . O

Higher-income JJR B-NP
people NNS I-NP
also RB B-ADVP
tend VBP B-VP
to TO I-VP
be VB I-VP
more JJR B-NP
brand NN I-NP
loyal JJ I-NP
these DT B-NP
days NNS I-NP
, , O
the DT B-NP
Journal NNP I-NP
survey NN I-NP
and CC O
other JJ B-NP
research NN I-NP
studies NNS I-NP
indicate VBP B-VP
. . O

Marketers NNS B-NP
speculate VBP B-VP
that IN B-SBAR
more RBR B-NP
affluent JJ I-NP
people NNS I-NP
tend VBP B-VP
to TO I-VP
lead VB I-VP
more RBR B-NP
pressured VBN I-NP
lives NNS I-NP
and CC O
do VBP B-VP
n't RB I-VP
have VB I-VP
time NN B-NP
to TO B-VP
research VB I-VP
the DT B-NP
products NNS I-NP
they PRP B-NP
buy VBP B-VP
for IN B-PP
the DT B-NP
highest JJS I-NP
quality NN I-NP
and CC I-NP
most RBS I-NP
reasonable JJ I-NP
price NN I-NP
. . O

An DT B-NP
established VBN I-NP
brand NN I-NP
name NN I-NP
is VBZ B-VP
insurance NN B-NP
that IN B-SBAR
at IN B-ADVP
least JJS I-ADVP
the DT B-NP
product NN I-NP
will MD B-VP
be VB I-VP
of IN B-PP
acceptable JJ B-NP
quality NN I-NP
, , O
if IN B-CONJP
not RB I-CONJP
always RB B-NP
the DT I-NP
best JJS I-NP
value NN I-NP
for IN B-PP
the DT B-NP
money NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
sort NN B-ADVP
of IN I-ADVP
loyalty NN B-NP
by IN B-PP
default NN B-NP
. . O

Meanwhile RB B-ADVP
, , O
`` `` O
the DT B-NP
bottom NN I-NP
end NN I-NP
of IN B-PP
the DT B-NP
market NN I-NP
is VBZ B-VP
becoming VBG I-VP
less RBR B-ADJP
loyal JJ I-ADJP
, , O
'' '' O
says VBZ B-VP
Laurel NNP B-NP
Cutler NNP I-NP
, , O
vice NN B-NP
chairman NN I-NP
of IN B-PP
the DT B-NP
ad NN I-NP
agency NN I-NP
FCB\/Leber NNP B-NP
Katz NNP I-NP
Partners NNPS I-NP
. . O

`` `` O
They PRP B-NP
're VBP B-VP
buying VBG I-VP
whatever WDT B-NP
's POS B-VP
cheaper JJR B-ADJP
. . O
'' '' O

The DT B-NP
biggest JJS I-NP
wild JJ I-NP
card NN I-NP
in IN B-PP
the DT B-NP
brand NN I-NP
loyalty NN I-NP
game NN I-NP
: : O
How WRB B-ADVP
those DT B-NP
hotly RB I-NP
pursued VBN I-NP
but CC I-NP
highly RB I-NP
unpredictable JJ I-NP
baby NN I-NP
boomers NNS I-NP
will MD B-VP
behave VB I-VP
as IN B-SBAR
they PRP B-NP
move VBP B-VP
into IN B-PP
middle NN B-NP
age NN I-NP
. . O

They PRP B-NP
grew VBD B-VP
up IN B-ADVP
with IN B-PP
more JJR B-NP
brand NN I-NP
choices NNS I-NP
than IN B-PP
any DT B-NP
generation NN I-NP
and CC O
have VBP B-VP
shown VBN I-VP
less JJR B-NP
allegiance NN I-NP
so RB B-ADVP
far RB I-ADVP
. . O

But CC O
now RB B-SBAR
that IN I-SBAR
they PRP B-NP
're VBP B-VP
settling VBG I-VP
down RB B-ADVP
and CC O
raising VBG B-VP
families NNS B-NP
, , O
might MD O
they PRP B-NP
also RB B-ADVP
show VB B-VP
more JJR B-NP
stability NN I-NP
in IN B-PP
their PRP$ B-NP
brand NN I-NP
choices NNS I-NP
? . O

Mr. NNP B-NP
Kim NNP I-NP
of IN B-PP
J. NNP B-NP
Walter NNP I-NP
Thompson NNP I-NP
does VBZ B-VP
n't RB I-VP
think VB I-VP
so RB B-ADVP
. . O

He PRP B-NP
believes VBZ B-VP
baby NN B-NP
boomers NNS I-NP
will MD B-VP
continue VB I-VP
to TO I-VP
be VB I-VP
selective JJ B-ADJP
in IN B-PP
their PRP$ B-NP
brand NN I-NP
loyalties NNS I-NP
. . O

`` `` O
Earlier JJR B-NP
generations NNS I-NP
were VBD B-VP
brand NN B-ADJP
loyal JJ I-ADJP
across IN B-PP
categories NNS B-NP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
, , O
`` `` O
but CC O
boomers NNS B-NP
tend VBP B-VP
to TO I-VP
be VB I-VP
brand NN B-ADJP
loyal JJ I-ADJP
in IN B-PP
categories NNS B-NP
like IN B-PP
running VBG B-NP
shoes NNS I-NP
and CC O
bottled JJ B-NP
water NN I-NP
, , O
but CC O
less RBR B-ADJP
so RB I-ADJP
in IN B-PP
others NNS B-NP
like IN B-PP
toilet NN B-NP
paper NN I-NP
and CC O
appliances NNS B-NP
. . O
'' '' O

While IN B-SBAR
not RB O
as IN B-ADJP
brand NN I-ADJP
loyal JJ I-ADJP
as IN B-PP
in IN B-PP
the DT B-NP
past NN I-NP
, , O
consumers NNS B-NP
today NN B-ADVP
do VBP B-VP
n't RB I-VP
buy VB I-VP
products NNS B-NP
capriciously RB B-ADVP
, , O
either RB B-ADVP
. . O

Rather RB B-ADVP
, , O
they PRP B-NP
tend VBP B-VP
to TO I-VP
have VB I-VP
a DT B-NP
set NN I-NP
of IN B-PP
two CD B-NP
or CC I-NP
three CD I-NP
favorites NNS I-NP
. . O

Sometimes RB B-ADVP
, , O
they PRP B-NP
'll MD B-VP
choose VB I-VP
Ragu NNP B-NP
spaghetti NNS I-NP
sauce NN I-NP
; : O
other JJ B-NP
times NNS I-NP
, , O
it PRP B-NP
will MD B-VP
be VB I-VP
Prego NNP B-NP
. . O

Advertisers NNS B-NP
attribute VBP B-VP
this DT B-NP
shared VBN I-NP
loyalty NN I-NP
to TO B-PP
the DT B-NP
striking JJ I-NP
similarity NN I-NP
among IN B-PP
brands NNS B-NP
. . O

If IN B-SBAR
a DT B-NP
more RBR I-NP
absorbent JJ I-NP
Pampers NNPS I-NP
hits VBZ B-VP
the DT B-NP
market NN I-NP
, , O
you PRP B-NP
can MD B-VP
be VB I-VP
sure JJ B-ADJP
a DT B-NP
new JJ I-NP
and CC I-NP
improved VBN I-NP
Huggies NNPS I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
far RB B-ADVP
behind RB I-ADVP
. . O

The DT B-NP
BBDO NNP I-NP
Worldwide NNP I-NP
ad NN I-NP
agency NN I-NP
studied VBN B-VP
`` `` O
brand NN B-NP
parity NN I-NP
'' '' O
and CC O
found VBD B-VP
that IN B-SBAR
consumers NNS B-NP
believe VBP B-VP
all DT B-NP
brands NNS I-NP
are VBP B-VP
about IN B-NP
the DT I-NP
same JJ I-NP
in IN B-PP
a DT B-NP
number NN I-NP
of IN B-PP
categories NNS B-NP
, , O
particularly RB B-ADVP
credit VBP B-NP
cards NNS I-NP
, , O
paper NN B-NP
towels NNS I-NP
, , O
dry JJ B-NP
soups NNS I-NP
and CC O
snack NN B-NP
chips NNS I-NP
. . O

`` `` O
When WRB B-ADVP
there EX B-NP
's VBZ B-VP
a DT B-NP
clutter NN I-NP
of IN B-PP
brands NNS B-NP
, , O
consumers NNS B-NP
simplify VBP B-VP
the DT B-NP
complexity NN I-NP
by IN B-PP
telling VBG B-VP
themselves PRP B-NP
, , O
` `` O
All DT B-NP
brands NNS I-NP
are VBP B-VP
the DT B-NP
same JJ I-NP
so RB O
what WP B-NP
difference NN I-NP
does VBZ O
it PRP B-NP
make VBP B-VP
which WDT B-NP
I PRP B-NP
buy VBP B-VP
, , O
' '' O
'' '' O
says VBZ B-VP
Karen NNP B-NP
Olshan NNP I-NP
, , O
a DT B-NP
senior JJ I-NP
vice NN I-NP
president NN I-NP
at IN B-PP
BBDO NNP B-NP
. . O

`` `` O
Too RB B-ADVP
often RB I-ADVP
, , O
advertising NN B-NP
imagery NN I-NP
has VBZ B-VP
n't RB I-VP
done VBN I-VP
a DT B-NP
good JJ I-NP
job NN I-NP
of IN B-PP
forging VBG B-VP
a DT B-NP
special JJ I-NP
emotional JJ I-NP
bond NN I-NP
between IN B-PP
a DT B-NP
brand NN I-NP
and CC O
the DT B-NP
consumer NN I-NP
. . O
'' '' O

But CC O
given VBN B-PP
such JJ B-NP
strong JJ I-NP
brand NN I-NP
disloyalty NN I-NP
, , O
some DT B-NP
marketers NNS I-NP
are VBP B-VP
putting VBG I-VP
renewed VBN B-NP
emphasis NN I-NP
on IN B-PP
image NN B-NP
advertising NN I-NP
. . O

A DT B-NP
small JJ I-NP
but CC I-NP
growing VBG I-NP
number NN I-NP
of IN B-PP
companies NNS B-NP
are VBP B-VP
also RB I-VP
trying VBG I-VP
to TO I-VP
instill VB I-VP
more RBR B-NP
fervent JJ I-NP
brand NN I-NP
loyalty NN I-NP
through IN B-PP
such JJ B-NP
personalized VBN I-NP
direct-marketing NN I-NP
ploys NNS I-NP
as IN B-PP
catalogs NNS B-NP
, , O
magazines NNS B-NP
and CC O
membership NN B-NP
clubs NNS I-NP
for IN B-PP
brand NN B-NP
users NNS I-NP
. . O

While IN B-SBAR
discount NN B-NP
promotions NNS I-NP
are VBP B-VP
essential JJ B-ADJP
for IN B-PP
most RBS B-NP
brands NNS I-NP
, , O
some DT B-NP
companies NNS I-NP
concede VBP B-VP
they PRP B-NP
went VBD B-VP
overboard RB B-ADVP
in IN B-PP
shifting VBG B-VP
money NN B-NP
from IN B-PP
advertising NN B-NP
to TO B-PP
coupons NNS B-NP
, , O
refunds NNS B-NP
and CC O
other JJ B-NP
sales NNS I-NP
incentives NNS I-NP
. . O

Some DT B-NP
people NNS I-NP
argue VBP B-VP
that IN B-SBAR
strong JJ B-NP
brands NNS I-NP
can MD B-VP
afford VB I-VP
to TO I-VP
stop VB I-VP
advertising NN I-VP
for IN B-PP
a DT B-NP
time NN I-NP
because IN B-PP
of IN I-PP
the DT B-NP
residual JJ I-NP
impact NN I-NP
of IN B-PP
hundreds NNS B-NP
of IN B-PP
millions NNS B-NP
of IN B-PP
dollars NNS B-NP
spent VBD B-VP
on IN B-PP
advertising NN B-NP
through IN B-PP
the DT B-NP
years NNS I-NP
. . O

But CC O
most RBS B-NP
companies NNS I-NP
are VBP B-VP
too RB B-ADJP
afraid JJ I-ADJP
to TO B-VP
take VB I-VP
that DT B-NP
chance NN I-NP
. . O

And CC O
perhaps RB B-ADVP
with IN B-PP
good JJ B-NP
reason NN I-NP
. . O

Says VBZ B-VP
Clayt NNP B-NP
Wilhite NNP I-NP
, , O
president NN B-NP
of IN B-PP
the DT B-NP
D'Arcy NNP I-NP
Masius NNP I-NP
ad NN I-NP
agency NN I-NP
's POS B-NP
U.S. NNP I-NP
division NN I-NP
, , O
`` `` O
Every DT B-NP
time NN I-NP
24 CD B-NP
hours NNS I-NP
pass VBP B-VP
without IN B-PP
any DT B-NP
advertising NN I-NP
reinforcement NN I-NP
, , O
brand NN B-NP
loyalty NN I-NP
will MD B-VP
diminish VB I-VP
ever RB B-ADVP
so RB I-ADVP
slightly RB I-ADVP
-- : O
even RB B-ADVP
for IN B-PP
a DT B-NP
powerful JJ I-NP
brand NN I-NP
like IN B-PP
Budweiser NNP B-NP
. . O
'' '' O

Consider VB B-VP
, , O
for IN B-PP
example NN B-NP
, , O
what WP B-NP
happened VBD B-VP
to TO B-PP
Maxwell NNP B-NP
House NNP I-NP
coffee NN I-NP
. . O

The DT B-NP
Kraft NNP I-NP
General NNP I-NP
Foods NNPS I-NP
brand NN I-NP
stopped VBD B-VP
advertising NN I-VP
for IN B-PP
about IN B-NP
a DT I-NP
year NN I-NP
in IN B-PP
1987 CD B-NP
and CC O
gave VBD B-VP
up IN B-PRT
several JJ B-NP
market NN I-NP
share NN I-NP
points NNS I-NP
and CC O
its PRP$ B-NP
leadership NN I-NP
position NN I-NP
in IN B-PP
the DT B-NP
coffee NN I-NP
business NN I-NP
. . O

But CC O
since IN B-PP
returning VBG B-VP
to TO B-PP
advertising NN B-NP
, , O
Maxwell NNP B-NP
House NNP I-NP
has VBZ B-VP
regained VBN I-VP
the DT B-NP
lost VBN I-NP
share NN I-NP
and CC O
is VBZ B-VP
running VBG I-VP
neck NN B-ADVP
and CC I-ADVP
neck NN I-ADVP
with IN B-PP
archrival JJ B-NP
Folgers NNP I-NP
. . O

`` `` O
Now RB B-ADVP
, , O
Philip NNP B-NP
Morris NNP I-NP
-LCB- ( O
Kraft NNP B-NP
General NNP I-NP
Foods NNPS I-NP
' POS B-NP
parent NN I-NP
company NN I-NP
-RCB- ) O
is VBZ B-VP
committed VBN B-ADJP
to TO B-PP
the DT B-NP
coffee NN I-NP
business NN I-NP
and CC B-PP
to TO B-PP
increased VB B-NP
advertising NN I-NP
for IN B-PP
Maxwell NNP B-NP
House NNP I-NP
, , O
'' '' O
says VBZ B-VP
Dick NNP B-NP
Mayer NNP I-NP
, , O
president NN B-NP
of IN B-PP
the DT B-NP
General NNP I-NP
Foods NNP I-NP
USA NNP I-NP
division NN I-NP
. . O

`` `` O
Even RB B-SBAR
though IN I-SBAR
brand NN B-NP
loyalty NN I-NP
is VBZ B-VP
rather RB B-ADJP
strong JJ I-ADJP
for IN B-PP
coffee NN B-NP
, , O
we PRP B-NP
need VBP B-VP
advertising VBG B-NP
to TO B-VP
maintain VB I-VP
and CC I-VP
strengthen VB I-VP
it PRP B-NP
. . O
'' '' O

Campbell NNP B-NP
Soup NNP I-NP
Co. NNP I-NP
, , O
for IN B-PP
one CD B-NP
, , O
has VBZ B-VP
concluded VBN I-VP
that IN B-SBAR
it PRP B-NP
makes VBZ B-VP
good JJ B-NP
sense NN I-NP
to TO B-VP
focus VB I-VP
more JJR B-ADVP
on IN B-PP
its PRP$ B-NP
most RBS I-NP
loyal JJ I-NP
customers NNS I-NP
than IN B-PP
on IN B-PP
people NNS B-NP
who WP B-NP
buy VBP B-VP
competitive JJ B-NP
brands NNS I-NP
. . O

`` `` O
The DT B-NP
probability NN I-NP
of IN B-PP
converting VBG B-VP
a DT B-NP
non-user NN I-NP
to TO B-PP
your PRP$ B-NP
brand NN I-NP
is VBZ B-VP
about IN B-NP
three CD I-NP
in IN B-PP
1,000 CD B-NP
, , O
'' '' O
says VBZ B-VP
Tony NNP B-NP
Adams NNP I-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
vice NN I-NP
president NN I-NP
for IN B-PP
marketing NN B-NP
research NN I-NP
. . O

`` `` O
The DT B-NP
best JJS I-NP
odds NNS I-NP
are VBP B-VP
with IN B-PP
your PRP$ B-NP
core NN I-NP
franchise NN I-NP
. . O

Our PRP$ B-NP
heavy JJ I-NP
users NNS I-NP
consume VBP B-VP
two CD B-NP
to TO I-NP
three CD I-NP
cans NNS I-NP
of IN B-PP
soup NN B-NP
a DT B-NP
week NN I-NP
, , O
and CC O
we PRP B-NP
'd MD B-VP
like VB I-VP
to TO I-VP
increase VB I-VP
that DT B-NP
. . O
'' '' O

So RB O
Campbell NNP B-NP
is VBZ B-VP
talking VBG I-VP
to TO B-PP
its PRP$ B-NP
`` `` I-NP
brand NN I-NP
enthusiasts NNS I-NP
, , O
'' '' O
probing VBG B-VP
their PRP$ B-NP
psychological JJ I-NP
attachment NN I-NP
to TO B-PP
its PRP$ B-NP
soup NN I-NP
. . O

In IN B-PP
one CD B-NP
consumer NN I-NP
focus NN I-NP
group NN I-NP
, , O
a DT B-NP
fan NN I-NP
declared VBD B-VP
that IN B-SBAR
, , O
`` `` O
Campbell NNP B-NP
's POS B-NP
soup NN I-NP
is VBZ B-VP
like IN B-PP
getting VBG B-VP
a DT B-NP
hug NN I-NP
from IN B-PP
a DT B-NP
friend NN I-NP
. . O
'' '' O

That DT B-NP
helped VBD B-VP
persuade VB I-VP
the DT B-NP
company NN I-NP
to TO B-VP
introduce VB I-VP
a DT B-NP
new JJ I-NP
advertising NN I-NP
slogan NN I-NP
: : O
`` `` O
A DT B-NP
warm JJ I-NP
hug NN I-NP
from IN B-PP
Campbell NNP B-NP
's POS B-NP
. . O
'' '' O

Insurers NNS B-NP
face VBP B-VP
the DT B-NP
prospect NN I-NP
of IN B-PP
paying VBG B-VP
out RP B-PRT
billions NNS B-NP
of IN B-PP
dollars NNS B-NP
for IN B-PP
damages NNS B-NP
caused VBN B-VP
by IN B-PP
this DT B-NP
week NN I-NP
's POS B-NP
California NNP I-NP
earthquake NN I-NP
. . O

Getting VBG B-VP
a DT B-NP
grip NN I-NP
on IN B-PP
the DT B-NP
extent NN I-NP
of IN B-PP
the DT B-NP
damages NNS I-NP
is VBZ B-VP
proving VBG I-VP
a DT O
far RB B-ADVP
more RBR I-ADVP
difficult JJ B-NP
task NN I-NP
than IN B-PP
what WP B-NP
insurers NNS B-NP
faced VBN B-VP
after IN B-SBAR
Hurricane NNP B-NP
Hugo NNP I-NP
ripped VBD B-VP
through IN B-PP
the DT B-NP
Caribbean NNP I-NP
and CC O
the DT B-NP
Carolinas NNPS I-NP
last JJ B-NP
month NN I-NP
. . O

The DT B-NP
earthquake NN I-NP
's POS B-NP
toll NN I-NP
, , O
including VBG B-PP
possible JJ B-NP
deep JJ I-NP
structural JJ I-NP
damage NN I-NP
, , O
goes VBZ B-VP
far RB B-ADVP
beyond IN B-PP
the DT O
more RBR B-ADVP
easily RB I-ADVP
observed VBN B-NP
damage NN I-NP
from IN B-PP
a DT B-NP
hurricane NN I-NP
, , O
says VBZ B-VP
George NNP B-NP
Reider NNP I-NP
, , O
a DT B-NP
vice NN I-NP
president NN I-NP
in IN B-PP
Aetna NNP B-NP
Life NNP I-NP
& CC I-NP
Casualty NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
's POS B-NP
claims NNS I-NP
division NN I-NP
. . O

But CC O
investors NNS B-NP
are VBP B-VP
betting VBG I-VP
that IN B-SBAR
the DT B-NP
financial JJ I-NP
and CC I-NP
psychological JJ I-NP
impact NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
, , O
coming VBG B-VP
so RB B-ADVP
soon RB I-ADVP
after IN B-PP
the DT B-NP
hurricane NN I-NP
, , O
will MD B-VP
help VB I-VP
stem VB I-VP
more JJR B-NP
than IN I-NP
two CD I-NP
years NNS I-NP
of IN B-PP
intense JJ B-NP
price-cutting NN I-NP
wars NNS I-NP
among IN B-PP
business NN B-NP
insurers NNS I-NP
. . O

Reflecting VBG B-VP
that DT B-NP
logic NN I-NP
, , O
insurance-company NN B-NP
stocks NNS I-NP
posted VBD B-VP
strong JJ B-NP
gains NNS I-NP
. . O

Aetna NNP B-NP
and CC O
other JJ B-NP
insurers NNS I-NP
are VBP B-VP
hiring VBG I-VP
engineers NNS B-NP
and CC I-NP
architects NNS I-NP
to TO B-VP
help VB I-VP
them PRP B-NP
assess VB B-VP
structural JJ B-NP
damage NN I-NP
. . O

Most JJS B-NP
insurers NNS I-NP
already RB B-ADVP
have VBP B-VP
mobilized VBN I-VP
their PRP$ B-NP
`` `` I-NP
catastrophe NN I-NP
'' '' I-NP
teams NNS I-NP
to TO B-VP
begin VB I-VP
processing NN I-VP
claims NNS B-NP
from IN B-PP
their PRP$ B-NP
policyholders NNS I-NP
in IN B-PP
northern JJ B-NP
California NNP I-NP
. . O

Since IN B-SBAR
commercial JJ B-NP
air NN I-NP
travel NN I-NP
is VBZ B-VP
interrupted VBN I-VP
, , O
Aetna NNP B-NP
, , O
based VBN B-VP
in IN B-PP
Hartford NNP B-NP
, , O
Conn. NNP B-NP
, , O
chartered JJ B-VP
three CD B-NP
planes NNS I-NP
to TO B-VP
fly VB I-VP
claims NNS B-NP
adjusters NNS I-NP
into IN B-PP
Sacramento NNP B-NP
and CC O
then RB O
planned VBN B-VP
for IN B-SBAR
them PRP B-NP
to TO B-VP
drive VB I-VP
to TO B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
. . O

About IN B-NP
25 CD I-NP
adjusters NNS I-NP
were VBD B-VP
dispatched VBN I-VP
yesterday NN B-NP
afternoon NN I-NP
, , O
along IN B-PP
with IN B-PP
laptop NN B-NP
computers NNS I-NP
, , O
cellular JJ B-NP
phones NNS I-NP
and CC O
blank JJ B-NP
checks NNS I-NP
. . O

Some DT B-NP
adjusters NNS I-NP
, , O
already RB B-ADVP
in IN B-PP
other JJ B-NP
parts NNS I-NP
of IN B-PP
California NNP B-NP
, , O
drove VBD B-VP
to TO B-PP
the DT B-NP
disaster NN I-NP
area NN I-NP
with IN B-PP
recreational JJ B-NP
vehicles NNS I-NP
and CC O
mobile JJ B-NP
homes NNS I-NP
that WDT B-NP
could MD B-VP
be VB I-VP
used VBN I-VP
as IN B-PP
makeshift JJ B-NP
claims-processing NN I-NP
centers NNS I-NP
. . O

Insurers NNS B-NP
will MD B-VP
be VB I-VP
advertising NN I-VP
800 CD B-NP
numbers NNS I-NP
-- : O
probably RB B-ADVP
on IN B-PP
the DT B-NP
radio NN I-NP
-- : O
that IN B-NP
policyholders NNS B-NP
can MD B-VP
call VB I-VP
to TO B-VP
get VB I-VP
assistance NN B-NP
on IN B-PP
how WRB B-ADVP
to TO B-VP
submit VB I-VP
claims NNS B-NP
. . O

State NNP B-NP
Farm NNP I-NP
Mutual NNP I-NP
Automobile NNP I-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
largest JJS I-NP
home NN I-NP
and CC I-NP
auto NN I-NP
insurer NN I-NP
in IN B-PP
California NNP B-NP
, , O
believes VBZ B-VP
the DT B-NP
losses NNS I-NP
from IN B-PP
the DT B-NP
earthquake NN I-NP
could MD B-VP
be VB I-VP
somewhat RB B-ADJP
less JJR I-ADJP
than IN B-PP
the DT B-NP
$ $ I-NP
475 CD I-NP
million CD I-NP
in IN B-PP
damages NNS B-NP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
pay VB I-VP
out RP B-PRT
for IN B-PP
claims NNS B-NP
resulting VBG B-VP
from IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
. . O

State NNP B-NP
Farm NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Bloomington NNP B-NP
, , O
Ind. NNP B-NP
, , O
is VBZ B-VP
also RB B-ADVP
the DT B-NP
largest JJS I-NP
writer NN I-NP
of IN B-PP
personal-property NN B-NP
earthquake NN I-NP
insurance NN I-NP
in IN B-PP
California NNP B-NP
. . O

Earthquake NN B-NP
insurance NN I-NP
is VBZ B-VP
sold VBN I-VP
as IN B-PP
a DT B-NP
separate JJ I-NP
policy NN I-NP
or CC O
a DT B-NP
specific JJ I-NP
endorsement NN I-NP
`` `` I-NP
rider NN I-NP
'' '' O
on IN B-PP
a DT B-NP
homeowner NN I-NP
's POS B-NP
policy NN I-NP
in IN B-PP
California NNP B-NP
, , O
because IN B-PP
of IN I-PP
the DT B-NP
area NN I-NP
's POS B-NP
vulnerability NN I-NP
to TO B-PP
earthquakes NNS B-NP
. . O

State NNP B-NP
Farm NNP I-NP
said VBD B-VP
about IN B-NP
25 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
policyholders NNS I-NP
in IN B-PP
California NNP B-NP
have VBP B-VP
also RB I-VP
purchased VBN I-VP
earthquake NN B-NP
insurance NN I-NP
. . O

Allstate NNP B-NP
Insurance NNP I-NP
Co. NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Sears NNP B-NP
, , I-NP
Roebuck NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
said VBD B-VP
about IN B-NP
23 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
personal JJ I-NP
property NN I-NP
policyholders NNS I-NP
-- : O
about IN B-NP
28 CD I-NP
% NN I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Franciso NNP I-NP
area NN I-NP
-- : O
also RB B-ADVP
have VBP B-VP
earthquake NN B-NP
coverage NN I-NP
. . O

The DT B-NP
Association NNP I-NP
of IN B-PP
California NNP B-NP
Insurance NNP I-NP
Companies NNS I-NP
estimated VBD B-VP
damage NN B-NP
to TO B-PP
residential JJ B-NP
property NN I-NP
could MD B-VP
total VB I-VP
$ $ B-NP
500 CD I-NP
million CD I-NP
, , O
but CC O
only RB B-NP
$ $ I-NP
100 CD I-NP
million CD I-NP
to TO I-NP
$ $ I-NP
150 CD I-NP
million CD I-NP
is VBZ B-VP
insured VBN I-VP
, , O
it PRP B-NP
said VBD B-VP
. . O

Officials NNS B-NP
from IN B-PP
the DT B-NP
American NNP I-NP
Insurance NNP I-NP
Association NNP I-NP
's POS B-NP
property-claim NN I-NP
service NN I-NP
division NN I-NP
, , O
which WDT B-NP
coordinates VBZ B-VP
the DT B-NP
efforts NNS I-NP
of IN B-PP
the DT B-NP
claims NNS I-NP
adjusters NNS I-NP
in IN B-PP
an DT B-NP
area NN I-NP
after IN B-PP
a DT B-NP
natural JJ I-NP
disaster NN I-NP
, , O
will MD B-VP
be VB I-VP
flying VBG I-VP
to TO B-PP
San NNP B-NP
Francisco NNP I-NP
today NN B-NP
. . O

They PRP B-NP
expect VBP B-VP
to TO I-VP
have VB I-VP
a DT B-NP
preliminary JJ I-NP
estimate NN I-NP
of IN B-PP
the DT B-NP
damages NNS I-NP
in IN B-PP
a DT B-NP
day NN I-NP
or CC I-NP
two CD I-NP
. . O

Roads NNP B-NP
and CC I-NP
bridges NNS I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
appear VB B-VP
to TO I-VP
have VB I-VP
suffered VBN I-VP
some DT B-NP
of IN B-PP
the DT B-NP
most RBS I-NP
costly JJ I-NP
damage NN I-NP
. . O

Highways NNS B-NP
, , O
such JJ B-PP
as IN I-PP
the DT B-NP
section NN I-NP
of IN B-PP
Interstate NNP B-NP
880 CD I-NP
that WDT B-NP
collapsed VBD B-VP
in IN B-PP
Oakland NNP B-NP
, , O
generally RB B-ADVP
do VBP B-VP
n't RB I-VP
have VB I-VP
insurance NN B-NP
coverage NN I-NP
. . O

Industry NN B-NP
officials NNS I-NP
say VBP B-VP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
-- : O
unlike IN B-PP
some DT B-NP
bridges NNS I-NP
-- : O
has VBZ B-VP
no DT B-NP
earthquake NN I-NP
coverage NN I-NP
, , O
either DT B-ADVP
, , O
so RB O
the DT B-NP
cost NN I-NP
of IN B-PP
repairing VBG B-VP
it PRP B-NP
probably RB B-ADVP
would MD B-VP
have VB I-VP
to TO I-VP
be VB I-VP
paid VBN I-VP
out IN B-PP
of IN B-PP
state NN B-NP
general JJ I-NP
operating NN I-NP
funds NNS I-NP
. . O

However RB B-ADVP
, , O
the DT B-NP
bridge NN I-NP
, , O
which WDT B-NP
charges VBZ B-VP
a DT B-NP
$ $ I-NP
1 CD I-NP
toll NN I-NP
each DT B-NP
way NN I-NP
, , O
does VBZ B-VP
have VBP I-VP
`` `` O
loss NN O
of IN B-PP
income NN B-NP
'' '' B-NP
insurance NN I-NP
to TO B-VP
replace VB I-VP
lost VBD B-NP
revenue NN I-NP
if IN B-SBAR
the DT B-NP
operation NN I-NP
of IN B-PP
the DT B-NP
bridge NN I-NP
is VBZ B-VP
interrupted VBN B-ADJP
for IN B-PP
more JJR B-NP
than IN I-NP
seven CD I-NP
days NNS I-NP
. . O

That DT B-NP
coverage NN I-NP
is VBZ B-VP
provided VBN I-VP
by IN B-PP
a DT B-NP
syndicate NN I-NP
of IN B-PP
insurance NN B-NP
companies NNS I-NP
including VBG B-PP
Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
Corp. NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Novato NNP B-NP
, , O
Calif. NNP B-NP
, , O
and CC O
Cigna NNP B-NP
Corp. NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Philadelphia NNP B-NP
. . O

Earthquake-related JJ B-NP
claims NNS I-NP
are VBP B-VP
n't RB I-VP
expected VBN I-VP
to TO I-VP
cause VB I-VP
significant JJ B-NP
financial JJ I-NP
problems NNS I-NP
for IN B-PP
the DT B-NP
insurance NN I-NP
industry NN I-NP
as IN B-PP
a DT B-NP
whole NN I-NP
. . O

Instead RB B-ADVP
, , O
even RB B-ADVP
with IN B-PP
the DT B-NP
liabilities NNS I-NP
of IN B-PP
two CD B-NP
natural JJ I-NP
disasters NNS I-NP
in IN B-PP
recent JJ B-NP
weeks NNS I-NP
, , O
analysts NNS B-NP
said VBD B-VP
the DT B-NP
total JJ I-NP
capital NN I-NP
of IN B-PP
the DT B-NP
industry NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
higher JJR B-ADJP
at IN B-PP
year NN B-NP
end NN I-NP
than IN B-SBAR
it PRP B-NP
was VBD B-VP
at IN B-PP
midyear NN B-NP
. . O

Indeed RB B-ADVP
, , O
the DT B-NP
earthquake NN I-NP
could MD B-VP
contribute VB I-VP
to TO B-PP
a DT B-NP
turnaround NN I-NP
in IN B-PP
the DT B-NP
insurance NN I-NP
cycle NN I-NP
in IN B-PP
a DT B-NP
couple NN I-NP
of IN B-PP
ways NNS B-NP
. . O

For IN B-PP
example NN B-NP
, , O
insurers NNS B-NP
may MD B-VP
seek VB I-VP
to TO I-VP
limit VB I-VP
their PRP$ B-NP
future NN I-NP
exposure NN I-NP
to TO B-PP
catastrophes NNS B-NP
by IN B-PP
increasing VBG B-VP
the DT B-NP
amount NN I-NP
of IN B-PP
reinsurance NN B-NP
they PRP B-NP
buy VBP B-VP
. . O

Such JJ B-NP
increased VBN I-NP
demand NN I-NP
for IN B-PP
reinsurance NN B-NP
, , O
along IN B-PP
with IN B-PP
the DT B-NP
losses NNS I-NP
the DT B-NP
reinsurers NNS I-NP
will MD B-VP
bear VB I-VP
from IN B-PP
these DT B-NP
two CD I-NP
disasters NNS I-NP
, , O
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
spur VB I-VP
increases NNS B-NP
in IN B-PP
reinsurance NN B-NP
prices NNS I-NP
that WDT B-NP
will MD B-VP
later RB I-VP
be VB I-VP
translated VBN I-VP
into IN B-PP
an DT B-NP
overall JJ I-NP
price NN I-NP
rise NN I-NP
. . O

Reinsurance NNP B-NP
is VBZ B-VP
protection NN B-NP
taken VBN B-VP
out IN B-ADVP
by IN B-PP
the DT B-NP
insurance NN I-NP
firms NNS I-NP
themselves PRP O
. . O

`` `` O
We PRP B-NP
are VBP B-VP
saying VBG I-VP
this DT B-NP
is VBZ B-VP
the DT B-NP
breaking VBG I-NP
point NN I-NP
, , O
this DT B-NP
is VBZ B-VP
the DT B-NP
event NN I-NP
that WDT B-NP
will MD B-VP
change VB I-VP
the DT B-NP
psychology NN I-NP
of IN B-PP
the DT B-NP
marketplace NN I-NP
, , O
'' '' O
said VBD B-VP
William NNP B-NP
Yankus NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
with IN B-PP
Conning NNP B-NP
& CC I-NP
Co. NNP I-NP
, , O
a DT B-NP
Hartford NNP I-NP
firm NN I-NP
that WDT B-NP
specializes VBZ B-VP
in IN B-PP
the DT B-NP
insurance NN I-NP
industry NN I-NP
. . O

His PRP$ B-NP
firm NN I-NP
, , O
along IN B-PP
with IN B-PP
some DT B-NP
others NNS I-NP
, , O
issued VBN B-VP
new JJ B-NP
buy NN I-NP
recommendations NNS I-NP
on IN B-PP
insurer NN B-NP
stocks NNS I-NP
yesterday NN B-NP
. . O

Among IN B-PP
the DT B-NP
insurance NN I-NP
stocks NNS I-NP
, , O
big JJ B-NP
gainers NNS I-NP
included VBD B-VP
American NNP B-NP
International NNP I-NP
Group NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
3.25 CD I-NP
to TO B-PP
$ $ B-NP
102.625 CD I-NP
; : O
General NNP B-NP
Re NNP I-NP
Corp. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
2.75 CD I-NP
to TO B-PP
$ $ B-NP
86.50 CD I-NP
; : O
Aetna NNP B-NP
, , O
up IN B-ADVP
$ $ B-NP
2.375 CD I-NP
to TO B-PP
$ $ B-NP
59.50 CD I-NP
; : O
and CC O
Marsh NNP B-NP
& CC I-NP
McLennan NNP I-NP
Inc. NNP I-NP
, , O
up IN B-ADVP
$ $ B-NP
3.125 CD I-NP
to TO B-PP
$ $ B-NP
75.875 CD I-NP
. . O

Still RB B-ADVP
, , O
a DT B-NP
few JJ I-NP
individual JJ I-NP
companies NNS I-NP
, , O
most RBS B-ADVP
likely RB I-ADVP
smaller JJR B-NP
ones NNS I-NP
, , O
could MD B-VP
be VB I-VP
devastated VBN I-VP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
there EX B-NP
is VBZ B-VP
a DT B-NP
damned JJ I-NP
good JJ I-NP
chance NN I-NP
someone NN B-NP
is VBZ B-VP
going VBG I-VP
to TO I-VP
hit VB I-VP
the DT B-NP
skids NNS I-NP
on IN B-PP
this DT B-NP
, , O
'' '' O
said VBD B-VP
Oppenheimer NNP B-NP
& CC I-NP
Co. NNP I-NP
analyst NN I-NP
Myron NNP I-NP
Picoult NNP I-NP
. . O

He PRP B-NP
suspects VBZ B-VP
some DT B-NP
insurers NNS I-NP
who WP B-NP
had VBD B-VP
purchased VBN I-VP
reinsurance NN B-NP
to TO B-VP
limit VB I-VP
their PRP$ B-NP
exposure NN I-NP
to TO B-PP
catastrophes NNS B-NP
will MD B-VP
discover VB I-VP
that DT B-NP
reinsurance NN I-NP
was VBD B-VP
used VBN I-VP
up IN B-PRT
by IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
. . O

British JJ B-NP
, , I-NP
West JJ I-NP
German NN I-NP
, , I-NP
Scandinavian NNP I-NP
and CC I-NP
other JJ I-NP
overseas JJ I-NP
insurers NNS I-NP
are VBP B-VP
bracing VBG I-VP
for IN B-PP
big JJ B-NP
claims NNS I-NP
from IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
earthquake NN I-NP
disaster NN I-NP
. . O

Although IN B-SBAR
it PRP B-NP
's VBZ B-VP
unclear JJ B-ADJP
how WRB B-ADVP
much JJ O
exposure NN B-NP
the DT B-NP
London NNP I-NP
market NN I-NP
will MD B-VP
face VB I-VP
, , O
U.K. NNP B-NP
underwriters NNS O
traditionally RB B-ADVP
have VBP B-VP
a DT B-NP
large JJ I-NP
reinsurance NN I-NP
exposure NN I-NP
to TO B-PP
U.S. NNP B-NP
catastrophe NN I-NP
coverage NN I-NP
. . O

Jack NNP B-NP
Byrne NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
, , O
said VBD B-VP
this DT B-NP
disaster NN I-NP
will MD B-VP
test VB I-VP
the DT B-NP
catastrophe NN I-NP
reinsurance NN I-NP
market NN I-NP
, , O
causing VBG B-VP
these DT B-NP
rates NNS I-NP
to TO B-VP
soar VB I-VP
. . O

The DT B-NP
catastrophe NN I-NP
losses NNS I-NP
sustained VBN B-VP
by IN B-PP
insurers NNS B-NP
this DT B-NP
year NN I-NP
will MD B-VP
probably RB I-VP
be VB I-VP
the DT B-NP
worst JJS I-NP
on IN B-PP
an DT B-NP
inflation-adjusted JJ I-NP
basis NN I-NP
since IN B-PP
1906 CD B-NP
-- : O
when WRB B-ADVP
another DT B-NP
earthquake NN I-NP
sparked VBD B-VP
the DT B-NP
Great NNP I-NP
San NNP I-NP
Francisco NNP I-NP
Fire NNP I-NP
. . O

Orin NNP B-NP
Kramer NNP I-NP
, , O
an DT B-NP
insurance NN I-NP
consultant NN I-NP
in IN B-PP
New NNP B-NP
York NNP I-NP
, , O
estimates VBZ B-VP
that IN B-SBAR
the DT B-NP
1906 CD I-NP
San NNP I-NP
Francisco NNP I-NP
destruction NN I-NP
, , O
on IN B-PP
an DT B-NP
inflation-adjusted JJ I-NP
basis NN I-NP
, , O
included VBD B-VP
insured VBN B-NP
losses NNS I-NP
of IN B-PP
$ $ B-NP
5.8 CD I-NP
billion CD I-NP
. . O

He PRP B-NP
is VBZ B-VP
estimating VBG I-VP
this DT B-NP
week NN I-NP
's POS B-NP
disaster NN I-NP
will MD B-VP
generate VB I-VP
insured VBN B-NP
losses NNS I-NP
of IN B-PP
$ $ B-NP
2 CD I-NP
billion CD I-NP
to TO O
$ $ B-NP
4 CD I-NP
billion CD I-NP
, , O
following VBG B-PP
about RB B-NP
$ $ I-NP
4 CD I-NP
billion CD I-NP
in IN B-PP
costs NNS B-NP
to TO B-PP
insurers NNS B-NP
from IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
. . O

Silicon NNP B-NP
Graphics NNP I-NP
Inc. NNP I-NP
's POS B-NP
first-quarter JJ I-NP
profit NN I-NP
rose VBD B-VP
sharply RB B-ADVP
to TO B-PP
$ $ B-NP
5.2 CD I-NP
million CD I-NP
, , O
or CC O
28 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
1 CD I-NP
million CD I-NP
, , O
or CC O
six CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

The DT B-NP
maker NN I-NP
of IN B-PP
computer NN B-NP
workstations NNS I-NP
said VBD B-VP
a DT B-NP
surge NN I-NP
of IN B-PP
government NN B-NP
orders NNS I-NP
contributed VBD B-VP
to TO B-PP
the DT B-NP
increase NN I-NP
. . O

Revenue NN B-NP
rose VBD B-VP
95 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
86.4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
44.3 CD I-NP
million CD I-NP
the DT B-NP
year NN I-NP
earlier RBR B-ADJP
. . O

In IN B-PP
national JJ B-NP
over-the-counter JJ I-NP
trading NN I-NP
, , O
the DT B-NP
company NN I-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
23.25 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
25 CD B-NP
cents NNS I-NP
. . O

Hunter NNP B-NP
Environmental NNP I-NP
Services NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
reached VBD B-VP
a DT B-NP
preliminary JJ I-NP
accord NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
its PRP$ B-NP
environmental JJ I-NP
consulting NN I-NP
and CC I-NP
services NNS I-NP
business NN I-NP
for IN B-PP
about RB B-NP
$ $ I-NP
40 CD I-NP
million CD I-NP
and CC O
assumption NN B-NP
of IN B-PP
related VBN B-NP
debt NN I-NP
. . O

The DT B-NP
buyer NN I-NP
was VBD B-VP
n't RB I-VP
identified VBN I-VP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
also RB B-ADVP
is VBZ B-VP
making VBG I-VP
progress NN B-NP
in IN B-PP
negotiating VBG B-VP
the DT B-NP
buy-out NN I-NP
of IN B-PP
its PRP$ B-NP
design NN I-NP
division NN I-NP
by IN B-PP
management NN B-NP
. . O

In IN B-PP
addition NN B-NP
, , O
Hunter NNP B-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
use VB I-VP
proceeds NNS B-NP
from IN B-PP
a DT B-NP
private JJ I-NP
placement NN I-NP
of IN B-PP
$ $ B-NP
8 CD I-NP
million CD I-NP
of IN B-PP
preferred JJ B-NP
shares NNS I-NP
to TO B-VP
purchase VB I-VP
an DT B-NP
interest NN I-NP
in IN B-PP
a DT B-NP
start-up JJ I-NP
company NN I-NP
to TO B-VP
underwrite VB I-VP
environmental JJ B-NP
impairment NN I-NP
insurance NN I-NP
. . O

Hunter NNP B-NP
wants VBZ B-VP
to TO I-VP
concentrate VB I-VP
its PRP$ B-NP
resources NNS I-NP
on IN B-PP
the DT B-NP
insurance NN I-NP
business NN I-NP
and CC B-PP
on IN B-PP
a DT B-NP
project NN I-NP
to TO B-VP
store VB I-VP
hazardous JJ B-NP
wastes NNS I-NP
in IN B-PP
salt NN B-NP
domes NNS I-NP
. . O

Jaguar NNP B-NP
PLC NNP I-NP
's POS B-NP
chairman NN I-NP
said VBD B-VP
he PRP B-NP
hopes VBZ B-VP
to TO I-VP
reach VB I-VP
a DT B-NP
friendly JJ I-NP
pact NN I-NP
with IN B-PP
General NNP B-NP
Motors NNPS I-NP
Corp. NNP I-NP
within IN B-PP
a DT B-NP
month NN I-NP
that WDT B-NP
may MD B-VP
involve VB I-VP
the DT B-NP
British JJ I-NP
luxury-car NN I-NP
maker NN I-NP
's VBZ I-NP
producing VBG B-VP
a DT B-NP
cheaper JJR I-NP
executive JJ I-NP
model NN I-NP
. . O

Sir NNP B-NP
John NNP I-NP
Egan NNP I-NP
told VBD B-VP
reporters NNS B-NP
at IN B-PP
London NNP B-NP
's POS B-NP
Motorfair NNP I-NP
yesterday NN B-NP
he PRP B-NP
`` `` O
would MD B-VP
be VB I-VP
disappointed VBN B-ADJP
if IN B-SBAR
we PRP B-NP
could MD B-VP
n't RB I-VP
do VB I-VP
-LCB- ( O
the DT B-NP
deal NN I-NP
-RCB- ) O
within IN B-PP
a DT B-NP
month NN I-NP
. . O
'' '' O

He PRP B-NP
said VBD B-VP
the DT B-NP
tie-up NN I-NP
would MD B-VP
mean VB I-VP
Jaguar NNP B-NP
could MD B-VP
`` `` O
develop VB B-VP
cars NNS B-NP
down JJ B-ADJP
range NN I-ADJP
-LCB- ( O
in IN B-PP
price NN B-NP
-RCB- ) O
from IN B-PP
where WRB B-ADVP
we PRP B-NP
are VBP B-VP
'' '' O
by IN B-PP
offering NN B-VP
access NN B-NP
to TO B-PP
GM NNP B-NP
's POS B-NP
high-volume JJ I-NP
parts NNS I-NP
production NN I-NP
. . O

Besides IN B-PP
creating VBG B-VP
joint JJ B-NP
manufacturing NN I-NP
ventures NNS I-NP
, , O
the DT B-NP
accord NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
give VB I-VP
GM NNP B-NP
about IN B-NP
a DT I-NP
15 CD I-NP
% NN I-NP
stake NN I-NP
that IN B-NP
eventually RB B-ADVP
would MD B-VP
rise VB I-VP
to TO B-PP
about IN B-NP
30 CD I-NP
% NN I-NP
. . O

Jaguar NN B-NP
figures VBZ B-VP
a DT B-NP
friendly JJ I-NP
alliance NN I-NP
with IN B-PP
GM NNP B-NP
will MD B-VP
fend VB I-VP
off IN B-PRT
unwelcome JJ B-NP
advances NNS I-NP
from IN B-PP
Ford NNP B-NP
Motor NNP I-NP
Co NNP I-NP
. . O

But CC O
Ford NNP B-NP
, , O
Jaguar NNP B-NP
's POS B-NP
biggest JJS I-NP
shareholder NN I-NP
since IN B-PP
lifting VBG B-VP
its PRP$ B-NP
stake NN I-NP
to TO B-PP
10.4 CD B-NP
% NN I-NP
this DT B-NP
week NN I-NP
, , O
is VBZ B-VP
pressing VBG I-VP
harder JJR B-ADVP
for IN B-PP
talks NNS B-NP
with IN B-PP
Sir NNP B-NP
John NNP I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
getting VBG I-VP
to TO B-PP
the DT B-NP
point NN I-NP
where WRB B-ADVP
we PRP B-NP
are VBP B-VP
going VBG I-VP
to TO I-VP
have VB I-VP
to TO I-VP
meet VB I-VP
'' '' O
with IN B-PP
him PRP B-NP
, , O
one CD B-NP
Ford NNP I-NP
official NN I-NP
said VBD B-VP
yesterday NN B-NP
. . O

Ford NNP B-NP
probably RB B-ADVP
will MD B-VP
renew VB I-VP
its PRP$ B-NP
request NN I-NP
for IN B-PP
such JJ B-NP
a DT I-NP
meeting NN I-NP
soon RB B-ADVP
, , O
he PRP B-NP
added VBD B-VP
. . O

Sir NNP B-NP
John NNP I-NP
has VBZ B-VP
spurned VBN I-VP
Ford NNP B-NP
's POS B-NP
advances NNS I-NP
since IN B-SBAR
the DT B-NP
U.S. NNP I-NP
auto NN I-NP
giant NN I-NP
launched VBD B-VP
a DT B-NP
surprise NN I-NP
bid NN I-NP
for IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
15 CD I-NP
% NN I-NP
of IN B-PP
Jaguar NNP B-NP
last JJ B-NP
month NN I-NP
. . O

Ford NNP B-NP
has VBZ B-VP
signaled VBN I-VP
it PRP B-NP
might MD B-VP
acquire VB I-VP
a DT B-NP
majority NN I-NP
interest NN I-NP
later RB B-ADVP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
not RB I-VP
obligated VBN I-VP
to TO I-VP
sit VB I-VP
down RB B-ADVP
and CC O
talk VB B-VP
to TO B-PP
anybody NN B-NP
, , O
'' '' O
the DT B-NP
Jaguar NNP I-NP
chairman NN I-NP
asserted VBD B-VP
yesterday NN B-NP
. . O

He PRP B-NP
did VBD B-VP
n't RB I-VP
rule VB I-VP
out RP B-PRT
negotiations NNS B-NP
with IN B-PP
Ford NNP B-NP
, , O
however RB B-ADVP
. . O

The DT B-NP
fiercely RB I-NP
proud JJ I-NP
but CC I-NP
financially RB I-NP
strapped VBN I-NP
British JJ I-NP
company NN I-NP
prefers VBZ B-VP
to TO I-VP
remain VB I-VP
independent JJ B-ADJP
and CC O
publicly RB B-ADJP
held VBN I-ADJP
, , O
despite IN B-PP
Ford NNP B-NP
's POS B-NP
promise NN I-NP
of IN B-PP
access NN B-NP
to TO B-PP
cash VB B-NP
and CC O
technological JJ B-NP
know-how NN I-NP
. . O

Sir NNP B-NP
John NNP I-NP
noted VBD B-VP
that IN B-SBAR
GM NNP B-NP
, , O
a DT B-NP
longtime JJ I-NP
Jaguar NNP I-NP
supplier NN I-NP
, , O
agrees VBZ B-VP
`` `` O
we PRP B-NP
should MD B-VP
remain VB I-VP
an DT B-NP
independent JJ I-NP
company NN I-NP
. . O
'' '' O

He PRP B-NP
said VBD B-VP
Jaguar NNP B-NP
started VBD B-VP
negotiating VBG I-VP
with IN B-PP
GM NNP B-NP
and CC O
several JJ B-NP
other JJ I-NP
car NN I-NP
makers NNS I-NP
over IN B-NP
a DT I-NP
year NN I-NP
ago RB B-ADVP
, , O
but CC O
the DT B-NP
rest NN I-NP
`` `` O
dropped VBN B-VP
by IN B-PP
the DT B-NP
wayside NN I-NP
ever RB B-ADVP
since IN B-SBAR
the DT B-NP
share NN I-NP
price NN I-NP
went VBD B-VP
above IN B-PP
# # B-NP
4 CD I-NP
-LRB- ( O
$ $ B-NP
6.30 CD I-NP
-RRB- ) O
a DT B-NP
share NN I-NP
. . O
'' '' O

Jaguar NN B-NP
shares NNS I-NP
stood VBD B-VP
at IN B-PP
405 CD B-NP
pence NN I-NP
before IN B-PP
Ford NNP B-NP
's POS B-NP
initial JJ I-NP
announcement NN I-NP
, , O
but CC O
the DT B-NP
subsequent JJ I-NP
takeover NN I-NP
frenzy NN I-NP
has VBZ B-VP
driven VBN I-VP
them PRP B-NP
up RB B-ADVP
. . O

The DT B-NP
stock NN I-NP
traded VBD B-VP
late JJ B-NP
yesterday NN I-NP
on IN B-PP
London NNP B-NP
's POS B-NP
stock NN I-NP
exchange NN I-NP
at IN B-PP
673 CD B-NP
pence NN I-NP
, , O
up IN B-ADVP
19 CD B-NP
pence NN I-NP
. . O

Developing VBG B-VP
an DT B-NP
executive-model JJ I-NP
range NN I-NP
would MD B-VP
mark VB I-VP
a DT B-NP
major JJ I-NP
departure NN I-NP
for IN B-PP
Britain NNP B-NP
's POS B-NP
leading VBG I-NP
luxury-car NN I-NP
maker NN I-NP
. . O

A DT B-NP
typical JJ I-NP
British JJ I-NP
executive JJ I-NP
car NN I-NP
is VBZ B-VP
mass NN B-ADJP
produced VBN I-ADJP
and CC O
smaller JJR B-ADJP
than IN B-PP
a DT B-NP
luxury NN I-NP
car NN I-NP
. . O

It PRP B-NP
generally RB B-ADVP
fetches VBZ B-VP
no DT B-NP
more JJR I-NP
than IN B-PP
# # B-NP
25,000 CD I-NP
-LRB- ( O
$ $ B-NP
39,400 CD I-NP
-RRB- ) O
-- : O
roughly RB B-NP
# # I-NP
16,000 CD I-NP
less JJR B-ADJP
than IN B-PP
the DT B-NP
highest-priced JJS I-NP
Jaguars NNPS I-NP
, , O
which WDT B-NP
are VBP B-VP
all DT O
known VBN B-VP
for IN B-PP
their PRP$ B-NP
hand-crafted JJ I-NP
leather NN I-NP
work NN I-NP
. . O

`` `` O
We PRP B-NP
have VBP B-VP
designs NNS B-NP
for IN B-PP
such JJ B-NP
-LCB- ( I-NP
executive NN I-NP
-RCB- ) I-NP
cars NNS I-NP
, , O
but CC O
have VBP B-VP
never RB I-VP
been VBN I-VP
able JJ B-ADJP
to TO B-VP
develop VB I-VP
them PRP B-NP
, , O
'' '' O
Sir NNP B-NP
John NNP I-NP
said VBD B-VP
. . O

GM NNP B-NP
's POS B-NP
help NN I-NP
would MD B-VP
`` `` O
make VB B-VP
it PRP B-NP
possible JJ B-ADJP
-LCB- ( B-SBAR
for IN I-SBAR
Jaguar NNP B-NP
-RCB- ) O
to TO B-VP
build VB I-VP
a DT B-NP
wider JJR I-NP
range NN I-NP
of IN B-PP
cars NNS B-NP
. . O
'' '' O

An DT B-NP
executive JJ I-NP
model NN I-NP
would MD B-VP
significantly RB I-VP
boost VB I-VP
Jaguar NNP B-NP
's POS B-NP
yearly JJ I-NP
output NN I-NP
of IN B-PP
50,000 CD B-NP
cars NNS I-NP
. . O

`` `` O
You PRP B-NP
are VBP B-VP
talking VBG I-VP
about IN B-PP
a DT B-NP
couple NN I-NP
hundred CD I-NP
thousand CD I-NP
a DT B-NP
year NN I-NP
, , O
'' '' O
said VBD B-VP
Bob NNP B-NP
Barber NNP I-NP
, , O
an DT B-NP
auto-industry NN I-NP
analyst NN I-NP
at IN B-PP
U.K. NNP B-NP
brokerage NN I-NP
James NNP I-NP
Capel NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

A DT B-NP
pact NN I-NP
with IN B-PP
GM NNP B-NP
may MD B-VP
emerge VB I-VP
in IN B-PP
as RB B-NP
little JJ I-NP
as IN I-NP
two CD I-NP
weeks NNS I-NP
, , O
according VBG B-PP
to TO B-PP
sources NNS B-NP
close VBP B-ADJP
to TO B-PP
the DT B-NP
talks NNS I-NP
. . O

The DT B-NP
deal NN I-NP
would MD B-VP
require VB I-VP
approval NN B-NP
by IN B-PP
a DT B-NP
majority NN I-NP
of IN B-PP
Jaguar NNP B-NP
shareholders NNS I-NP
. . O

`` `` O
We PRP B-NP
have VBP B-VP
to TO I-VP
make VB I-VP
it PRP B-NP
attractive JJ B-ADJP
enough RB I-ADJP
that IN B-SBAR
-LCB- ( O
holders NNS B-NP
-RCB- ) O
would MD B-VP
accept VB I-VP
it PRP B-NP
, , O
'' '' O
Sir NNP B-NP
John NNP I-NP
said VBD B-VP
. . O

That DT B-NP
may MD B-VP
be VB I-VP
difficult JJ B-ADJP
, , O
the DT B-NP
Jaguar NNP I-NP
chairman NN I-NP
acknowledged VBD B-VP
, , O
`` `` O
when WRB B-ADVP
you PRP B-NP
have VBP B-VP
somebody NN B-NP
else JJ B-ADJP
breathing NN B-VP
down RB B-PP
your PRP$ B-NP
neck NN I-NP
. . O

'' '' O
Ford NNP B-NP
probably RB B-ADVP
would MD B-VP
try VB I-VP
to TO I-VP
kill VB I-VP
the DT B-NP
proposal NN I-NP
by IN B-PP
enlisting VBG B-VP
support NN B-NP
from IN B-PP
U.S. NNP B-NP
takeover-stock JJ I-NP
speculators NNS I-NP
and CC O
holding VBG B-VP
out RP B-PRT
the IN B-NP
carrot NN I-NP
of IN B-PP
a DT B-NP
larger JJR I-NP
bid NN I-NP
later RB B-ADVP
, , O
said VBD B-VP
Stephen NNP B-NP
Reitman NNP I-NP
, , O
European JJ B-NP
auto NN I-NP
analyst NN I-NP
at IN B-PP
London NNP B-NP
brokers NNS I-NP
UBS NNP I-NP
Phillips NNP I-NP
& CC I-NP
Drew NNP I-NP
. . O

Ford NNP B-NP
ca MD B-VP
n't RB I-VP
make VB I-VP
a DT B-NP
full-fledged JJ I-NP
bid NN I-NP
for IN B-PP
Jaguar NNP B-NP
until IN B-SBAR
U.K. NNP B-NP
government NN I-NP
restrictions NNS I-NP
expire VBP B-VP
. . O

The DT B-NP
anti-takeover JJ I-NP
measure NN I-NP
prevents VBZ B-VP
any DT B-NP
outside JJ I-NP
investor NN I-NP
from IN B-PP
buying VBG B-VP
more JJR B-NP
than IN I-NP
15 CD I-NP
% NN I-NP
of IN B-PP
Jaguar NNP B-NP
shares NNS I-NP
without IN B-PP
permission NN B-NP
until IN B-PP
Dec. NNP B-NP
31 CD I-NP
, , I-NP
1990 CD I-NP
. . O

But CC O
with IN B-PP
its PRP$ B-NP
10.4 CD I-NP
% NN I-NP
stake NN I-NP
, , O
Ford NNP B-NP
can MD B-VP
convene VB I-VP
a DT O
special JJ O
Jaguar NNP B-NP
shareholders NNS I-NP
' POS B-NP
meeting NN I-NP
and CC O
urge VB B-VP
them PRP B-NP
to TO B-VP
drop VB I-VP
the DT B-NP
restrictions NNS I-NP
prematurely RB B-ADVP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
a DT B-NP
very RB I-NP
valuable JJ I-NP
weapon NN I-NP
in IN B-PP
their PRP$ B-NP
armory NN I-NP
, , O
'' '' O
which WDT B-NP
could MD B-VP
enable VB I-VP
Ford NNP B-NP
to TO B-VP
bid VB I-VP
sooner RBR B-ADVP
for IN B-PP
Jaguar NNP B-NP
, , O
observed VBN B-VP
Mr. NNP B-NP
Barber NNP I-NP
of IN B-PP
James NNP B-NP
Capel NNP I-NP
. . O

Otherwise RB B-ADVP
, , O
Jaguar NNP B-NP
may MD B-VP
have VB I-VP
to TO I-VP
tolerate VB I-VP
the DT B-NP
two CD I-NP
U.S. NNP I-NP
auto NN I-NP
giants NNS I-NP
each DT O
owning VBG B-VP
a DT B-NP
15 CD I-NP
% NN I-NP
stake NN I-NP
for IN B-PP
more JJR B-NP
than IN B-PP
a DT B-NP
year NN I-NP
. . O

`` `` O
It PRP B-NP
would MD B-VP
be VB I-VP
difficult JJ B-ADJP
to TO B-VP
see VB I-VP
how WRB B-ADVP
a DT B-NP
car NN I-NP
company NN I-NP
can MD B-VP
be VB I-VP
owned VBN I-VP
by IN B-PP
a DT B-NP
collective NN I-NP
, , O
'' '' O
Sir NNP B-NP
John NNP I-NP
said VBD B-VP
. . O

`` `` O
It PRP B-NP
has VBZ B-VP
never RB I-VP
been VBN I-VP
done VBN I-VP
before RB B-ADVP
, , O
but CC O
there EX B-NP
's VBZ B-VP
always RB B-ADVP
a DT B-NP
first JJ I-NP
. . O

Although IN B-SBAR
two CD B-NP
Baby NNP I-NP
Bells NNPS I-NP
showed VBD B-VP
strong JJ B-NP
growth NN I-NP
in IN B-PP
access NN B-NP
lines NNS I-NP
, , O
usage NN B-NP
and CC O
unregulated JJ B-NP
business NN I-NP
revenue NN I-NP
, , O
one CD B-NP
reported VBD B-VP
a DT B-NP
modest JJ I-NP
gain NN I-NP
in IN B-PP
third-quarter JJ B-NP
net NN I-NP
while IN B-SBAR
the DT B-NP
other NN I-NP
posted VBD B-VP
a DT B-NP
small JJ I-NP
drop NN I-NP
. . O

Ameritech NNP B-NP
Corp. NNP I-NP
's POS B-NP
earnings NNS I-NP
increased VBN B-VP
2.8 CD B-NP
% NN I-NP
, , O
after IN B-SBAR
strong JJ B-NP
revenue NN I-NP
gains NNS I-NP
were VBD B-VP
offset VBN I-VP
somewhat RB B-ADVP
by IN B-PP
refunds NNS B-NP
and CC O
rate NN B-NP
reductions NNS I-NP
imposed VBN B-VP
by IN B-PP
regulators NNS B-NP
in IN B-PP
its PRP$ B-NP
Midwest NNP I-NP
territory NN I-NP
. . O

BellSouth NNP B-NP
Corp. NNP I-NP
's POS B-NP
third-quarter JJ I-NP
earnings NNS I-NP
dropped VBD B-VP
3.8 CD B-NP
% NN I-NP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
debt NN B-NP
refinancing NN I-NP
, , O
the DT B-NP
recent JJ I-NP
acquisition NN I-NP
of IN B-PP
a DT B-NP
cellular JJ I-NP
and CC I-NP
paging NN I-NP
property NN I-NP
and CC O
rate NN B-NP
reductions NNS I-NP
in IN B-PP
its PRP$ B-NP
Southeast NNP I-NP
territory NN I-NP
. . O

BellSouth NNP B-NP

At IN B-PP
BellSouth NNP B-NP
, , O
based VBN B-VP
in IN B-PP
Atlanta NNP B-NP
, , O
customer NN B-NP
access NN I-NP
lines NNS I-NP
grew VBN B-VP
by IN B-PP
162,000 CD B-NP
, , O
or CC O
3.5 CD B-NP
% NN I-NP
, , O
during IN B-PP
the DT B-NP
12-month JJ I-NP
period NN I-NP
ended VBN B-VP
Sept NNP B-NP
. . O

For IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
total JJ B-NP
operating NN I-NP
revenue NN I-NP
grew VBD B-VP
2.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
3.55 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
3.46 CD I-NP
billion CD I-NP
. . O

Total JJ B-NP
operating NN I-NP
expenses NNS I-NP
increased VBN B-VP
3.5 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.78 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.69 CD I-NP
billion CD I-NP
. . O

Overall JJ B-NP
access NN I-NP
minutes NNS I-NP
of IN B-PP
use NN B-NP
increased VBN B-VP
10.3 CD B-NP
% NN I-NP
and CC O
toll NN B-NP
messages NNS I-NP
jumped VBD B-VP
5.2 CD B-NP
% NN I-NP
. . O

BellSouth NNP B-NP
Chairman NNP I-NP
and CC I-NP
Chief NNP I-NP
Executive NNP I-NP
Officer NNP I-NP
John NNP I-NP
L. NNP I-NP
Clendenin NNP I-NP
said VBD B-VP
three CD B-NP
factors NNS I-NP
accounted VBD B-VP
for IN B-PP
the DT B-NP
drop NN I-NP
in IN B-PP
third-quarter JJ B-NP
earnings NNS I-NP
. . O

The DT B-NP
refinancing NN I-NP
of IN B-PP
$ $ B-NP
481 CD I-NP
million CD I-NP
in IN B-PP
long-term JJ B-NP
debt NN I-NP
reduced VBD B-VP
net JJ B-NP
income NN I-NP
by IN B-PP
$ $ B-NP
22 CD I-NP
million CD I-NP
, , O
or CC O
five CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
but CC O
in IN B-PP
the DT B-NP
long JJ I-NP
run NN I-NP
will MD B-VP
save VB B-VP
more JJR B-NP
than IN I-NP
$ $ I-NP
250 CD I-NP
million CD I-NP
in IN B-PP
interest NN B-NP
costs NNS I-NP
. . O

The DT B-NP
company NN I-NP
previously RB B-ADVP
said VBD B-VP
that IN B-SBAR
the DT B-NP
recent JJ I-NP
acquisition NN I-NP
of IN B-PP
Mobile NNP B-NP
Communications NNP I-NP
Corp. NNP I-NP
of IN B-PP
America NNP B-NP
would MD B-VP
dilute VB I-VP
1989 CD B-NP
earnings NNS I-NP
by IN B-PP
about IN B-NP
3 CD I-NP
% NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
earnings NNS B-NP
were VBD B-VP
reduced VBN I-VP
by IN B-PP
rate NN B-NP
reductions NNS I-NP
in IN B-PP
Florida NNP B-NP
, , I-NP
Kentucky NNP I-NP
, , I-NP
Alabama NNP I-NP
, , I-NP
Tennessee NNP I-NP
and CC I-NP
Louisiana NNP I-NP
. . O

Ameritech NNP B-NP

At IN B-PP
Ameritech NNP B-NP
, , O
based VBN B-VP
in IN B-PP
Chicago NNP B-NP
, , O
customer NN B-NP
access NN I-NP
lines NNS I-NP
increased VBN B-VP
by IN B-PP
402,000 CD B-NP
, , O
or CC O
2.6 CD B-NP
% NN I-NP
, , O
and CC O
cellular JJ B-NP
mobile JJ I-NP
lines NNS I-NP
increased VBN B-VP
by IN B-PP
80,000 CD B-NP
, , O
or CC O
62.3 CD B-NP
% NN I-NP
, , O
for IN B-PP
the DT B-NP
12-month JJ I-NP
period NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
. . O

For IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
, , O
revenue NN B-NP
increased VBN B-VP
1.9 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.55 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
2.51 CD I-NP
billion CD I-NP
. . O

Operating NN B-NP
expenses NNS I-NP
increased VBN B-VP
2.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.04 CD I-NP
billion CD I-NP
, , O
including VBG B-PP
one-time JJ B-NP
pretax JJ I-NP
charges NNS I-NP
of IN B-PP
$ $ B-NP
40 CD I-NP
million CD I-NP
for IN B-PP
labor NN B-NP
contract NN I-NP
signing VBG I-NP
bonuses NNS I-NP
. . O

Local JJ B-NP
service NN I-NP
revenue NN I-NP
increased VBN B-VP
3.5 CD B-NP
% NN I-NP
and CC O
directory NN B-NP
and CC I-NP
unregulated JJ I-NP
business NN I-NP
revenue NN I-NP
jumped VBD B-VP
9.5 CD B-NP
% NN I-NP
. . O

But CC O
network NN B-NP
access NN I-NP
revenue NN I-NP
dropped VBD B-VP
4 CD B-NP
% NN I-NP
and CC O
toll NN B-NP
revenue NN I-NP
dropped VBD B-VP
1.4 CD B-NP
% NN I-NP
. . O

a DT B-NP
- : O
reflects VBZ B-VP
2-for-1 JJ B-NP
stock NN I-NP
split NN I-NP
effective JJ B-ADJP
Dec. NNP B-NP
30 CD I-NP
, , I-NP
1988 CD I-NP
. . O

b NN B-NP
- : O
reflects VBZ B-VP
extraordinary JJ B-NP
loss NN I-NP
of IN B-PP
five CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
for IN B-PP
early JJ B-NP
debt NN I-NP
retirement NN I-NP
. . O

c NN B-NP
- : O
reflects VBZ B-VP
extraordinary JJ B-NP
loss NN I-NP
of IN B-PP
five CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
and CC O
extraordinary JJ B-NP
gain NN I-NP
of IN B-PP
14 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
from IN B-PP
cumulative JJ B-NP
effect NN I-NP
of IN B-PP
accounting NN B-NP
change NN I-NP
. . O

The DT O
Wall NNP O
Street NNP O
Journal NNP O
`` `` O
American JJ O
Way NN O
of IN B-PP
Buying VBG B-NP
'' '' B-NP
Survey NNP I-NP
consists VBZ B-VP
of IN B-PP
two CD B-NP
separate JJ I-NP
, , I-NP
door-to-door JJ I-NP
nationwide JJ I-NP
polls NNS I-NP
conducted VBN B-VP
for IN B-PP
the DT B-NP
Journal NNP I-NP
by IN B-PP
Peter NNP B-NP
D. NNP I-NP
Hart NNP I-NP
Research NNP I-NP
Associates NNPS I-NP
and CC O
the DT B-NP
Roper NNP I-NP
Organization NNP I-NP
. . O

The DT B-NP
two CD I-NP
surveys NNS I-NP
, , O
which WDT B-NP
asked VBD B-VP
different JJ B-NP
questions NNS I-NP
, , O
were VBD B-VP
conducted VBN I-VP
using VBG B-VP
national JJ B-NP
random JJ I-NP
probability NN I-NP
samples NNS I-NP
. . O

The DT B-NP
poll NN I-NP
conducted VBN B-VP
by IN B-PP
Peter NNP B-NP
D. NNP I-NP
Hart NNP I-NP
Research NNP I-NP
Associates NNPS I-NP
interviewed VBN B-VP
2,064 CD B-NP
adults NNS I-NP
age VBP B-NP
18 CD I-NP
and CC O
older JJR B-ADJP
from IN B-PP
June NNP B-NP
15 CD I-NP
to TO B-PP
June NNP B-NP
30 CD I-NP
, , I-NP
1989 CD I-NP
. . O

The DT B-NP
poll NN I-NP
conducted VBN B-VP
by IN B-PP
the DT B-NP
Roper NNP I-NP
Organization NNP I-NP
interviewed VBD B-VP
2,002 CD B-NP
adults NNS I-NP
age VBP B-NP
18 CD I-NP
and CC O
older JJR B-ADJP
from IN B-PP
July NNP B-NP
7 CD I-NP
to TO B-PP
July NNP B-NP
15 CD I-NP
, , I-NP
1989 CD I-NP
. . O

Responses NNS B-NP
were VBD B-VP
weighted JJ I-VP
on IN B-PP
the DT B-NP
basis NN I-NP
of IN B-PP
age NN B-NP
and CC I-NP
gender NN I-NP
to TO B-VP
conform VB I-VP
with IN B-PP
U.S. NNP B-NP
Census NNP I-NP
data NNS I-NP
. . O

For IN B-PP
each DT B-NP
poll NN I-NP
, , O
the DT B-NP
odds NNS I-NP
are VBP B-VP
19 CD B-NP
out IN B-PP
of IN B-PP
20 CD B-NP
that IN O
if IN B-SBAR
pollsters NNS B-NP
had VBD B-VP
sought VBN I-VP
to TO I-VP
survey VB I-VP
every DT B-NP
household NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
using VBG B-VP
the DT B-NP
same JJ I-NP
questionnaire NN I-NP
, , O
the DT B-NP
findings NNS I-NP
would MD B-VP
differ VB I-VP
from IN B-PP
these DT B-NP
poll NN I-NP
results NNS I-NP
by IN B-PP
no DT B-NP
more JJR I-NP
than IN I-NP
2 CD I-NP
1\/2 CD I-NP
percentage NN I-NP
points NNS I-NP
in IN B-PP
either DT B-NP
direction NN I-NP
. . O

The DT B-NP
margin NN I-NP
of IN B-PP
error NN B-NP
for IN B-PP
subgroups NNS B-NP
-- : O
for IN B-PP
example NN B-NP
, , O
married VBN B-NP
women NNS I-NP
with IN B-PP
children NNS B-NP
at IN B-PP
home NN B-NP
-- : O
would MD B-VP
be VB I-VP
larger JJR B-ADJP
. . O

In IN B-PP
addition NN B-NP
, , O
in IN B-PP
any DT B-NP
survey NN I-NP
, , O
there EX B-NP
is VBZ B-VP
always RB B-ADVP
the DT B-NP
chance NN I-NP
that IN B-SBAR
other JJ B-NP
factors NNS I-NP
such JJ B-PP
as IN I-PP
question NN B-NP
wording NN I-NP
could MD B-VP
introduce VB I-VP
errors NNS B-NP
into IN B-PP
the DT B-NP
findings NNS I-NP
. . O

Program NN B-NP
traders NNS I-NP
were VBD B-VP
buying VBG I-VP
and CC I-VP
selling VBG I-VP
at IN B-PP
full JJ B-NP
steam NN I-NP
Monday NNP B-NP
, , O
the DT B-NP
first JJ I-NP
trading NN I-NP
session NN I-NP
after IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
's POS B-NP
190.58-point JJ I-NP
plunge NN I-NP
Friday NNP B-NP
. . O

They PRP B-NP
accounted VBD B-VP
for IN B-PP
a DT B-NP
hefty JJ I-NP
16 CD I-NP
% NN I-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
volume NN I-NP
Monday NNP B-NP
, , O
the DT B-NP
fourth JJ I-NP
busiest JJS I-NP
session NN I-NP
ever RB B-ADVP
. . O

On IN B-PP
Friday NNP B-NP
, , O
13 CD B-NP
% NN I-NP
of IN B-PP
volume NN B-NP
was VBD B-VP
in IN B-PP
computer-guided JJ B-NP
program NN I-NP
trades NNS I-NP
. . O

In IN B-PP
August NNP B-NP
, , O
by IN B-PP
contrast NN B-NP
, , O
program NN B-NP
trading NN I-NP
averaged VBD B-VP
10.3 CD B-NP
% NN I-NP
of IN B-PP
daily JJ B-NP
Big NNP I-NP
Board NNP I-NP
turnover NN I-NP
. . O

Program NN B-NP
traders NNS I-NP
were VBD B-VP
publicly RB I-VP
castigated VBN I-VP
following VBG B-PP
the DT B-NP
508-point JJ I-NP
crash NN I-NP
Oct. NNP B-NP
19 CD I-NP
, , I-NP
1987 CD I-NP
, , O
and CC O
a DT B-NP
number NN I-NP
of IN B-PP
brokerage NN B-NP
firms NNS I-NP
pulled VBD B-VP
back RB B-ADVP
from IN B-PP
using VBG B-VP
this DT B-NP
strategy NN I-NP
for IN B-PP
a DT B-NP
while NN I-NP
. . O

But CC O
as IN B-SBAR
the DT B-NP
outcry NN I-NP
faded VBN B-VP
by IN B-PP
the DT B-NP
spring NN I-NP
of IN B-PP
1988 CD B-NP
, , O
they PRP B-NP
resumed VBD B-VP
. . O

Some DT B-NP
observers NNS I-NP
thought VBD B-VP
that IN B-SBAR
after IN B-PP
Friday NNP B-NP
's POS B-NP
sharp JJ I-NP
drop NN I-NP
, , O
the DT B-NP
firms NNS I-NP
would MD B-VP
rein VB I-VP
in IN B-PRT
their PRP$ B-NP
program NN I-NP
traders NNS I-NP
to TO B-VP
avoid VB I-VP
stoking VBG I-VP
more JJR B-NP
controversy NN I-NP
. . O

But CC O
the DT B-NP
statistics NNS I-NP
released VBD B-VP
yesterday NN B-NP
show NN B-VP
the DT B-NP
firms NNS I-NP
did VBD B-VP
nothing NN B-NP
of IN B-PP
the DT B-NP
sort NN I-NP
. . O

One CD B-NP
reason NN I-NP
, , O
they PRP B-NP
said VBD B-VP
, , O
was VBD B-VP
that IN B-SBAR
the DT B-NP
official JJ I-NP
reports NNS I-NP
on IN B-PP
the DT B-NP
1987 CD I-NP
crash NN I-NP
exonerated VBD B-VP
program NN B-NP
trading NN I-NP
as IN B-PP
a DT B-NP
cause NN I-NP
. . O

Stock-index NN B-NP
arbitrage NN I-NP
is VBZ B-VP
the DT B-NP
most RBS I-NP
controversial JJ I-NP
form NN I-NP
of IN B-PP
program NN B-NP
trading NN I-NP
because IN B-SBAR
it PRP B-NP
accelerates VBZ B-VP
market NN B-NP
moves NNS I-NP
, , O
if IN B-SBAR
not RB O
actually RB B-ADVP
causing VBG B-VP
them PRP B-NP
. . O

In IN B-PP
it PRP B-NP
, , O
traders NNS B-NP
buy VBP B-VP
or CC I-VP
sell VB I-VP
stocks NNS B-NP
and CC O
offset VB B-VP
those DT B-NP
positions NNS I-NP
in IN B-PP
stock-index NN B-NP
futures NNS I-NP
contracts NNS I-NP
to TO B-VP
profit VB I-VP
from IN B-PP
fleeting JJ B-NP
price NN I-NP
discrepancies NNS I-NP
. . O

Under IN B-PP
the DT B-NP
exchange NN I-NP
's POS B-NP
definitions NNS I-NP
, , O
program NN B-NP
trading NN I-NP
also RB B-ADVP
describes VBZ B-VP
a DT B-NP
number NN I-NP
of IN B-PP
other JJ B-NP
strategies NNS I-NP
that IN B-NP
, , O
in IN B-PP
the DT B-NP
opinion NN I-NP
of IN B-PP
some DT B-NP
traders NNS I-NP
, , O
do VBP B-VP
n't RB I-VP
cause VB I-VP
big JJ B-NP
swings NNS I-NP
in IN B-PP
the DT B-NP
market NN I-NP
. . O

The DT B-NP
Big NNP I-NP
Board NNP I-NP
's POS B-NP
disclosure NN I-NP
of IN B-PP
program NN B-NP
trading NN I-NP
activity NN I-NP
on IN B-PP
these DT B-NP
two CD I-NP
days NNS I-NP
was VBD B-VP
unusual JJ B-ADJP
. . O

Though IN B-SBAR
it PRP B-NP
collects VBZ B-VP
such JJ B-NP
data NNS I-NP
daily JJ B-ADVP
, , O
its PRP$ B-NP
monthly JJ I-NP
reports NNS I-NP
on IN B-PP
program NN B-NP
trading NN I-NP
usually RB B-ADVP
come VB B-VP
out IN B-ADVP
about IN B-NP
three CD I-NP
weeks NNS I-NP
after IN B-SBAR
each DT B-NP
month NN I-NP
ends NNS B-VP
. . O

The DT B-NP
September NNP I-NP
figures NNS I-NP
are VBP B-VP
due JJ B-ADJP
to TO B-VP
be VB I-VP
released VBN I-VP
this DT B-NP
week NN I-NP
. . O

The DT B-NP
Big NNP I-NP
Board NNP I-NP
declined VBD B-VP
to TO I-VP
name VB I-VP
the DT B-NP
Wall NNP I-NP
Street NNP I-NP
firms NNS I-NP
involved VBN B-VP
in IN B-PP
the DT B-NP
activity NN I-NP
Friday NNP B-NP
and CC I-NP
Monday NNP I-NP
, , O
or CC O
the DT B-NP
type NN I-NP
of IN B-PP
strategies NNS B-NP
used VBN B-VP
. . O

But CC O
traders NNS B-NP
on IN B-PP
the DT B-NP
exchange NN I-NP
floor NN I-NP
, , O
who WP B-NP
can MD B-VP
observe VB I-VP
the DT B-NP
computer-guided JJ I-NP
trading NN I-NP
activity NN I-NP
on IN B-PP
monitor NN B-NP
screens NNS I-NP
, , O
said VBD B-VP
most RBS B-NP
of IN B-PP
the DT B-NP
top JJ I-NP
program-trading JJ I-NP
firms NNS I-NP
were VBD B-VP
active JJ B-ADJP
both DT B-NP
days NNS I-NP
. . O

Through IN B-PP
August NNP B-NP
, , O
the DT B-NP
top JJ I-NP
five CD I-NP
program NN I-NP
trading NN I-NP
firms NNS I-NP
in IN B-PP
volume NN B-NP
were VBD B-VP
Morgan NNP B-NP
Stanley NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
Kidder NNP B-NP
, , I-NP
Peabody NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
Merrill NNP B-NP
Lynch NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
PaineWebber NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
and CC O
Salomon NNP B-NP
Brothers NNP I-NP
Inc NNP I-NP
. . O

Though IN B-SBAR
brokerage NN B-NP
officials NNS I-NP
defended VBD B-VP
their PRP$ B-NP
use NN I-NP
of IN B-PP
program NN B-NP
trading NN I-NP
, , O
one CD B-NP
sign NN I-NP
of IN B-PP
what WP B-NP
an DT I-NP
issue NN I-NP
it PRP B-NP
remains VBZ B-VP
was VBD B-VP
that IN B-SBAR
few JJ B-NP
executives NNS I-NP
would MD B-VP
comment VB I-VP
on IN B-PP
the DT B-NP
record NN I-NP
. . O

Besides IN B-PP
reciting VBG B-VP
the DT B-NP
pardon NN I-NP
for IN B-PP
program NN B-NP
trading NN I-NP
contained VBD B-VP
in IN B-PP
the DT B-NP
Brady NNP I-NP
Commission NNP I-NP
report NN I-NP
, , O
they PRP B-NP
said VBD B-VP
stock-index NN B-NP
arbitrage NN I-NP
was VBD B-VP
actually RB I-VP
needed VBN I-VP
Monday NNP B-NP
to TO B-VP
restore VB I-VP
the DT B-NP
markets NNS I-NP
' POS B-NP
equilibrium NN I-NP
. . O

On IN B-PP
Friday NNP B-NP
, , O
the DT B-NP
stock-index NN I-NP
futures NNS I-NP
market NN I-NP
was VBD B-VP
unhinged VBN I-VP
from IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
when WRB B-ADVP
the DT B-NP
Chicago NNP I-NP
Mercantile NNP I-NP
Exchange NNP I-NP
halted VBD B-VP
trading NN B-NP
in IN B-PP
Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
500 CD I-NP
futures NNS I-NP
contract VBP I-NP
-- : O
a DT B-NP
`` `` I-NP
circuit NN I-NP
breaker NN I-NP
'' '' I-NP
procedure NN I-NP
instituted VBN B-VP
after IN B-PP
the DT B-NP
1987 CD I-NP
crash NN I-NP
and CC O
implemented VBN B-VP
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
. . O

Futures NNS B-NP
trading NN I-NP
resumed VBD B-VP
a DT B-NP
half-hour NN I-NP
later RB B-ADVP
, , O
but CC O
the DT B-NP
session NN I-NP
ended VBD B-VP
shortly RB B-ADVP
thereafter RB I-ADVP
, , O
leaving VBG B-VP
the DT B-NP
stock NN I-NP
market NN I-NP
set VBN B-VP
up IN B-PRT
for IN B-PP
more JJR B-NP
sell NN I-NP
programs NNS I-NP
, , O
traders NNS B-NP
said VBD B-VP
. . O

By IN B-PP
Monday NNP B-NP
morning NN I-NP
, , O
they PRP B-NP
said VBD B-VP
, , O
stock-index NN B-NP
arbitrage NN I-NP
sell NN I-NP
programs NNS I-NP
helped VBD B-VP
re-establish VB I-VP
the DT B-NP
link NN I-NP
between IN B-PP
stocks NNS B-NP
and CC I-NP
futures NNS I-NP
. . O

But CC O
stunning JJ B-NP
volatility NN I-NP
was VBD B-VP
produced VBN I-VP
in IN B-PP
the DT B-NP
process NN I-NP
. . O

The DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
plunged VBD B-VP
a DT B-NP
breathtaking JJ I-NP
63.52 CD I-NP
points NNS I-NP
in IN B-PP
the DT B-NP
first JJ I-NP
40 CD I-NP
minutes NNS I-NP
of IN B-PP
trading NN B-NP
Monday NNP B-NP
as IN B-SBAR
stock-index NN B-NP
arbitrage NN I-NP
sell NN I-NP
programs NNS I-NP
kicked VBD B-VP
in RB B-PRT
. . O

At IN B-PP
about IN B-NP
10:10 CD I-NP
a.m. NN I-NP
EDT NNP I-NP
, , O
the DT B-NP
market NN I-NP
abruptly RB B-VP
turned VBD I-VP
upward RB B-ADVP
on IN B-PP
stock-index NN B-NP
arbitrage NN I-NP
buy NN I-NP
programs NNS I-NP
. . O

By IN B-PP
day NN B-NP
's POS B-NP
end NN I-NP
, , O
the DT B-NP
Dow NNP I-NP
industrials NNS I-NP
had VBD B-VP
rebounded VBN I-VP
88.12 CD B-NP
points NNS I-NP
, , O
or CC O
nearly RB B-NP
half NN I-NP
of IN B-PP
Friday NNP B-NP
's POS B-NP
drop NN I-NP
. . O

FREDERICK NNP B-NP
'S VBZ B-NP
OF IN B-PP
HOLLYWOOD NNP B-NP
Inc. NNP I-NP
, , O
Los NNP B-NP
Angeles NNP I-NP
, , O
said VBD B-VP
its PRP$ B-NP
board NN I-NP
voted VBD B-VP
a DT B-NP
50 CD I-NP
% NN I-NP
increase NN I-NP
in IN B-PP
the DT B-NP
specialty NN I-NP
boutique-store NN I-NP
operator NN I-NP
's POS B-NP
semiannual JJ I-NP
dividend NN I-NP
, , O
to TO B-PP
five CD B-NP
cents NNS I-NP
a DT B-NP
common JJ I-NP
share NN I-NP
. . O

The DT B-NP
dividend NN I-NP
is VBZ B-VP
payable JJ B-ADJP
Dec. NNP B-NP
15 CD I-NP
to TO B-PP
stock VB B-NP
of IN B-PP
record NN B-NP
Nov. NNP B-NP
15 CD I-NP
. . O

Valley NNP B-NP
National NNP I-NP
Corp. NNP I-NP
reported VBD B-VP
a DT B-NP
third-quarter JJ I-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
72.2 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.65 CD I-NP
a DT B-NP
share NN I-NP
, , O
and CC O
suspended VBD B-VP
its PRP$ B-NP
quarterly JJ I-NP
dividend NN I-NP
because IN B-PP
of IN I-PP
potential JJ B-NP
losses NNS I-NP
on IN B-PP
its PRP$ B-NP
Arizona NNP I-NP
real JJ I-NP
estate NN I-NP
holdings NNS I-NP
. . O

The DT B-NP
Phoenix-based JJ I-NP
holding NN I-NP
company NN I-NP
for IN B-PP
Arizona NNP B-NP
's POS B-NP
largest JJS I-NP
bank NN I-NP
said VBD B-VP
it PRP B-NP
added VBD B-VP
$ $ B-NP
121 CD I-NP
million CD I-NP
to TO B-PP
its PRP$ B-NP
allowance NN I-NP
for IN B-PP
losses NNS B-NP
on IN B-PP
loans NNS B-NP
and CC B-PP
for IN B-PP
real JJ B-NP
estate NN I-NP
owned VBN B-VP
. . O

The DT B-NP
company NN I-NP
earned VBD B-VP
$ $ B-NP
18.7 CD I-NP
million CD I-NP
, , O
or CC O
95 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Valley NNP B-NP
National NNP I-NP
posted VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
136.4 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
6.90 CD I-NP
a DT B-NP
share NN I-NP
. . O

It PRP B-NP
had VBD B-VP
profit NN B-NP
of IN B-PP
$ $ B-NP
48.6 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
2.46 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
1988 CD I-NP
period NN I-NP
. . O

Valley NNP B-NP
National NNP I-NP
had VBD B-VP
been VBN I-VP
paying VBG I-VP
a DT B-NP
quarterly JJ I-NP
dividend NN I-NP
of IN B-PP
36 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

`` `` O
The DT B-NP
Arizona NNP I-NP
real JJ I-NP
estate NN I-NP
market NN I-NP
continues VBZ B-VP
to TO I-VP
be VB I-VP
depressed JJ I-VP
, , O
and CC O
there EX B-NP
is VBZ B-VP
still JJ B-ADVP
uncertainty NN B-NP
as IN B-PP
to TO B-PP
when WRB B-ADVP
values NNS B-NP
will MD B-VP
recover VB I-VP
, , O
'' '' O
James NNP B-NP
P. NNP I-NP
Simmons NNP I-NP
, , O
chairman NN B-NP
, , O
said VBD B-VP
. . O

The DT B-NP
decision NN I-NP
to TO B-VP
increase VB I-VP
the DT B-NP
loan-loss NN I-NP
reserve NN I-NP
and CC O
suspend VB B-VP
the DT B-NP
dividend NN I-NP
is VBZ B-VP
`` `` O
both DT O
prudent JJ B-ADJP
and CC O
in IN B-PP
the DT B-NP
best JJS I-NP
long-term JJ I-NP
interest NN I-NP
of IN B-PP
the DT B-NP
shareholders NNS I-NP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Valley NNP B-NP
National NNP I-NP
said VBD B-VP
it PRP B-NP
made VBD B-VP
the DT B-NP
decision NN I-NP
on IN B-PP
the DT B-NP
basis NN I-NP
of IN B-PP
an DT B-NP
`` `` I-NP
overall JJ I-NP
assessment NN I-NP
of IN B-PP
the DT B-NP
marketplace NN I-NP
'' '' O
and CC O
the DT B-NP
condition NN I-NP
of IN B-PP
its PRP$ B-NP
loan NN I-NP
portfolio NN I-NP
and CC B-PP
after IN B-PP
reviewing VBG B-VP
it PRP B-NP
with IN B-PP
federal JJ B-NP
regulators NNS I-NP
. . O

The DT B-NP
addition NN I-NP
to TO B-PP
reserves NNS B-NP
comes VBZ B-VP
on IN B-PP
top NN B-NP
of IN B-PP
a DT B-NP
provision NN I-NP
of IN B-PP
$ $ B-NP
199.7 CD I-NP
million CD I-NP
that WDT B-NP
was VBD B-VP
announced VBN I-VP
in IN B-PP
June NNP B-NP
. . O

In IN B-PP
July NNP B-NP
, , O
Moody NNP B-NP
's POS B-NP
downgraded VBD B-VP
$ $ B-NP
400 CD I-NP
million CD I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
debt NN I-NP
, , O
saying VBG B-VP
the DT B-NP
bank NN I-NP
holding VBG I-NP
company NN I-NP
had VBD B-VP
n't RB I-VP
taken VBN I-VP
adequate JJ B-NP
write-offs NNS I-NP
against IN B-PP
potential JJ B-NP
losses NNS I-NP
on IN B-PP
real JJ B-NP
estate NN I-NP
loans NNS I-NP
despite IN B-PP
its PRP$ B-NP
second-quarter JJ I-NP
write-down NN I-NP
. . O

Richard NNP B-NP
M. NNP I-NP
Greenwood NNP I-NP
, , O
Valley NNP B-NP
National NNP I-NP
's POS B-NP
executive JJ I-NP
vice NN I-NP
president NN I-NP
, , O
said VBD B-VP
then RB B-ADVP
that IN B-SBAR
the DT B-NP
company NN I-NP
believed VBD B-VP
the DT B-NP
write-downs NNS I-NP
were VBD B-VP
`` `` O
adequate JJ B-ADJP
'' '' O
and CC O
did VBD B-VP
n't RB I-VP
plan VB I-VP
to TO I-VP
increase VB I-VP
its PRP$ B-NP
reserves NNS I-NP
again RB B-ADVP
. . O

Bruce NNP B-NP
Hoyt NNP I-NP
, , O
a DT B-NP
banking NN I-NP
analyst NN I-NP
with IN B-PP
Boettcher NNP B-NP
& CC I-NP
Co. NNP I-NP
, , O
a DT B-NP
Denver NNP I-NP
brokerage NN I-NP
firm NN I-NP
, , O
said VBD B-VP
Valley NNP B-NP
National NNP I-NP
`` `` O
is VBZ B-VP
n't RB O
out IN B-PP
of IN B-PP
the DT B-NP
woods NNS I-NP
yet RB B-ADVP
. . O
'' '' O

The DT B-NP
key NN I-NP
will MD B-VP
be VB I-VP
whether IN B-SBAR
Arizona NNP B-NP
real JJ I-NP
estate NN I-NP
turns VBZ B-VP
around IN B-ADVP
or CC O
at IN B-VP
least JJS I-VP
stabilizes VBZ I-VP
, , O
he PRP B-NP
said VBD B-VP
. . O

`` `` O
They PRP B-NP
've VBP B-VP
stepped VBD I-VP
up IN B-ADVP
to TO B-PP
the DT B-NP
plate NN I-NP
to TO B-VP
take VB I-VP
the DT B-NP
write-downs NNS I-NP
, , O
but CC O
when WRB B-ADVP
markets NNS B-NP
head VBP B-VP
down RB B-ADVP
, , O
a DT B-NP
company NN I-NP
is VBZ B-VP
always RB I-VP
exposed VBN I-VP
to TO B-PP
further VB B-NP
negative JJ I-NP
surprises NNS I-NP
, , O
'' '' O
Mr. NNP B-NP
Hoyt NNP I-NP
said VBD B-VP
. . O

Valley NNP B-NP
National NNP I-NP
closed VBD B-VP
yesterday NN B-NP
at IN B-PP
$ $ B-NP
24.25 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
$ $ B-NP
1 CD I-NP
, , O
in IN B-PP
national JJ B-NP
over-the-counter JJ I-NP
trading NN I-NP
. . O

Two CD B-NP
years NNS I-NP
of IN B-PP
coddling NN B-NP
, , O
down RP B-PP
the DT B-NP
drain NN I-NP
. . O

That DT B-NP
's VBZ B-VP
the DT B-NP
way NN I-NP
a DT B-NP
lot NN I-NP
of IN B-PP
brokers NNS B-NP
feel VBP B-VP
today NN B-NP
on IN B-PP
the DT B-NP
second JJ I-NP
anniversary NN I-NP
of IN B-PP
the DT B-NP
1987 CD I-NP
stock-market NN I-NP
crash NN I-NP
. . O

Ever RB B-ADVP
since IN B-PP
that DT B-NP
fearful JJ I-NP
Black NNP I-NP
Monday NNP I-NP
, , O
they PRP B-NP
've VBP B-VP
been VBN I-VP
tirelessly RB I-VP
wooing VBG I-VP
wary JJ B-NP
individual JJ I-NP
investors NNS I-NP
-- : O
trying VBG B-VP
to TO I-VP
convince VB I-VP
them PRP B-NP
that IN B-SBAR
Oct. NNP B-NP
19 CD I-NP
, , I-NP
1987 CD I-NP
, , O
was VBD B-VP
a DT B-NP
fluke NN I-NP
and CC O
that IN B-SBAR
the DT B-NP
stock NN I-NP
market NN I-NP
really RB B-ADVP
is VBZ B-VP
a DT B-NP
safe JJ I-NP
place NN I-NP
for IN B-SBAR
average JJ B-NP
Americans NNPS I-NP
to TO B-VP
put VB I-VP
their PRP$ B-NP
hard-earned JJ I-NP
dollars NNS I-NP
. . O

And CC O
until IN B-PP
last JJ B-NP
Friday NNP I-NP
, , O
it PRP B-NP
seemed VBD B-VP
those DT B-NP
efforts NNS I-NP
were VBD B-VP
starting VBG I-VP
to TO I-VP
pay VB I-VP
off RB B-PRT
. . O

`` `` O
Some DT B-NP
of IN B-PP
those DT B-NP
folks NNS I-NP
were VBD B-VP
coming VBG I-VP
back RB B-ADVP
, , O
'' '' O
says VBZ B-VP
Leslie NNP B-NP
Quick NNP I-NP
Jr. NNP I-NP
, , O
chairman NN B-NP
, , O
of IN B-PP
discount NN B-NP
brokers NNS I-NP
Quick NNP I-NP
& CC I-NP
Reilly NNP I-NP
Group NNP I-NP
Inc NNP I-NP
. . O

`` `` O
We PRP B-NP
had VBD B-VP
heard VBN I-VP
from IN B-PP
people NNS B-NP
who WP B-NP
had VBD B-VP
n't RB I-VP
been VBN I-VP
active JJ B-ADJP
'' '' O
for IN B-PP
a DT B-NP
long JJ I-NP
time NN I-NP
. . O

Then RB O
came VBD B-VP
the DT B-NP
frightening JJ I-NP
190-point JJ I-NP
plunge NN I-NP
in IN B-PP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
and CC O
a DT B-NP
new JJ I-NP
wave NN I-NP
of IN B-PP
stock-market NN B-NP
volatility NN I-NP
. . O

All DT B-ADVP
of IN B-PP
a DT B-NP
sudden JJ I-NP
, , O
it PRP B-NP
was VBD B-VP
back RB B-ADVP
to TO B-PP
square VB B-NP
one CD I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
set VB I-VP
things NNS B-NP
back RB B-ADVP
for IN B-PP
a DT B-NP
period NN I-NP
, , O
because IN B-SBAR
it PRP B-NP
reinforces VBZ B-VP
the DT B-NP
concern NN I-NP
of IN B-PP
volatility NN B-NP
, , O
'' '' O
says VBZ B-VP
Jeffrey NNP B-NP
B. NNP I-NP
Lane NNP I-NP
, , O
president NN B-NP
of IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc NNP I-NP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
it PRP B-NP
will MD B-VP
shake VB I-VP
confidence NN B-NP
one CD B-NP
more JJR I-NP
time NN I-NP
, , O
and CC O
a DT B-NP
lot NN I-NP
of IN B-PP
this DT B-NP
business NN I-NP
is VBZ B-VP
based VBN I-VP
on IN B-PP
client NN B-NP
confidence NN I-NP
. . O
'' '' O

Brokers NNS B-NP
around IN B-PP
the DT B-NP
country NN I-NP
say VBP B-VP
the DT B-NP
reaction NN I-NP
from IN B-PP
individual JJ B-NP
investors NNS I-NP
this DT B-NP
week NN I-NP
has VBZ B-VP
been VBN I-VP
almost RB B-ADJP
eerie JJ I-ADJP
. . O

Customers NNS B-NP
and CC O
potential JJ B-NP
customers NNS I-NP
are VBP B-VP
suddenly RB I-VP
complaining VBG I-VP
about IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
in IN B-PP
the DT B-NP
exact JJ I-NP
way NN I-NP
they PRP B-NP
did VBD B-VP
in IN B-PP
post-crash JJ B-NP
1987 CD I-NP
. . O

`` `` O
The DT B-NP
kinds NNS I-NP
of IN B-PP
questions NNS B-NP
you PRP B-NP
had VBD B-VP
before IN B-ADVP
have VBP B-VP
resurfaced VBN I-VP
, , O
'' '' O
says VBZ B-VP
Raymond NNP B-NP
A. NNP I-NP
`` `` I-NP
Chip NNP I-NP
'' '' I-NP
Mason NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
regional JJ B-NP
brokerage NN I-NP
firm NN I-NP
Legg NNP I-NP
Mason NNP I-NP
Inc. NNP I-NP
, , O
Baltimore NNP B-NP
. . O

`` `` O
I PRP B-NP
can MD B-VP
just RB I-VP
tell VB I-VP
the DT B-NP
questions NNS I-NP
are VBP B-VP
right RB B-ADVP
back RB I-ADVP
where WRB B-ADVP
they PRP B-NP
were VBD B-VP
: : O
` `` O
What WP B-NP
's VBZ B-VP
going VBG I-VP
on IN B-PRT
? . O
, , O
' '' O
` `` O
Ca MD O
n't RB O
anything NN B-NP
be VB B-VP
done VBN I-VP
about IN B-PP
program NN B-NP
trading NN I-NP
? . O
, , O
' '' O
` `` O
Does VBZ O
n't RB O
the DT B-NP
exchange NN I-NP
understand VB B-VP
? . O
, , O
' '' O
` `` O
Where WRB B-ADVP
is VBZ O
the DT B-NP
SEC NNP I-NP
on IN B-PP
this DT B-NP
? . O
' '' O
'' '' O

Mr. NNP B-NP
Mason NNP I-NP
says VBZ B-VP
he PRP B-NP
's VBZ B-VP
convinced VBN B-ADJP
the DT B-NP
public JJ I-NP
still RB B-ADVP
wants VBZ B-VP
to TO I-VP
invest VB I-VP
in IN B-PP
common JJ B-NP
stocks NNS I-NP
, , O
even RB B-SBAR
though IN I-SBAR
they PRP B-NP
believe VBP B-VP
the DT B-NP
deck NN I-NP
is VBZ B-VP
stacked VBN I-VP
against IN B-PP
them PRP B-NP
. . O

But CC O
`` `` O
these DT B-NP
wide JJ I-NP
swings NNS I-NP
scare VBP B-VP
them PRP B-NP
to TO B-PP
death NN B-NP
. . O
'' '' O

All DT B-NP
of IN B-PP
this DT B-NP
is VBZ B-VP
bad JJ B-NP
news NN I-NP
for IN B-PP
the DT B-NP
big JJ I-NP
brokerage NN I-NP
firms NNS I-NP
such JJ B-PP
as IN I-PP
Shearson NNP B-NP
and CC O
Merrill NNP B-NP
Lynch NNP I-NP
& CC I-NP
Co. NNP I-NP
that WDT B-NP
have VBP B-VP
big JJ B-NP
`` `` I-NP
retail JJ I-NP
, , I-NP
'' '' I-NP
or CC I-NP
individual-investor NN I-NP
, , I-NP
businesses NNS I-NP
. . O

After IN B-PP
expanding VBG B-VP
rapidly RB B-ADVP
during IN B-PP
the DT B-NP
bull-market NN I-NP
years NNS I-NP
up IN B-PP
to TO B-PP
the DT B-NP
1987 CD I-NP
crash NN I-NP
, , O
retail JJ B-NP
brokerage NN I-NP
operations NNS I-NP
these DT B-NP
days NNS I-NP
are VBP B-VP
getting VBG I-VP
barely RB B-NP
enough JJ I-NP
business NN I-NP
to TO B-VP
pay VB I-VP
the DT B-NP
overhead NN I-NP
. . O

True JJ B-ADJP
, , O
the DT B-NP
amount NN I-NP
of IN B-PP
money NN B-NP
investors NNS B-NP
are VBP B-VP
willing JJ B-ADJP
to TO B-VP
entrust VB I-VP
to TO B-PP
their PRP$ B-NP
brokers NNS I-NP
has VBZ B-VP
been VBN I-VP
growing VBG I-VP
lately RB B-ADVP
. . O

But CC O
those DT B-NP
dollars NNS I-NP
have VBP B-VP
been VBN I-VP
going VBG I-VP
into IN B-PP
such JJ B-NP
`` `` I-NP
safe JJ I-NP
'' '' I-NP
products NNS I-NP
as IN B-PP
money NN B-NP
market NN I-NP
funds NNS I-NP
, , O
which WDT B-NP
do VBP B-VP
n't RB I-VP
generate VB I-VP
much JJ B-NP
in IN B-PP
the DT B-NP
way NN I-NP
of IN B-PP
commissions NNS B-NP
for IN B-PP
the DT B-NP
brokerage NN I-NP
firms NNS I-NP
. . O

At IN B-PP
discount NN B-NP
brokerage NN I-NP
Charles NNP I-NP
Schwab NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
such JJ B-NP
`` `` I-NP
cash-equivalent JJ I-NP
'' '' I-NP
investments NNS I-NP
recently RB B-ADVP
accounted VBD B-VP
for IN B-PP
a DT B-NP
record NN I-NP
$ $ I-NP
8 CD I-NP
billion CD I-NP
of IN B-PP
the DT B-NP
firm NN I-NP
's POS B-NP
$ $ I-NP
25 CD I-NP
billion CD I-NP
of IN B-PP
client NN B-NP
's POS B-NP
assets NNS I-NP
. . O

The DT B-NP
brokers NNS I-NP
' POS B-NP
hope NN I-NP
has VBZ B-VP
been VBN I-VP
that IN B-SBAR
they PRP B-NP
could MD B-VP
soon RB I-VP
coax VB I-VP
investors NNS B-NP
into IN B-PP
shifting VBG B-VP
some DT B-NP
of IN B-PP
their PRP$ B-NP
hoard NN I-NP
into IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O

And CC O
before IN B-PP
last JJ B-NP
Friday NNP I-NP
, , O
they PRP B-NP
were VBD B-VP
actually RB I-VP
making VBG I-VP
modest JJ B-NP
progress NN I-NP
. . O

A DT B-NP
slightly RB I-NP
higher JJR I-NP
percentage NN I-NP
of IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
volume NN I-NP
has VBZ B-VP
been VBN I-VP
attributed VBN I-VP
to TO B-PP
retail VB B-NP
investors NNS I-NP
in IN B-PP
recent JJ B-NP
months NNS I-NP
compared VBN B-PP
with IN B-PP
post-crash JJ B-NP
1988 CD I-NP
, , O
according VBG B-PP
to TO B-PP
Securities NNP B-NP
Industry NNP I-NP
Association NNP I-NP
data NNS I-NP
. . O

In IN B-PP
1987 CD B-NP
, , O
an DT B-NP
average JJ I-NP
19.7 CD I-NP
% NN I-NP
of IN B-PP
Big NNP B-NP
Board NNP I-NP
volume NN I-NP
was VBD B-VP
retail JJ B-NP
business NN I-NP
, , O
with IN B-SBAR
the DT B-NP
monthly JJ I-NP
level NN I-NP
never RB B-ADVP
more JJR B-NP
than IN I-NP
21.4 CD I-NP
% NN I-NP
. . O

The DT B-NP
retail JJ I-NP
participation NN I-NP
dropped VBD B-VP
to TO B-PP
an DT B-NP
average JJ I-NP
18.2 CD I-NP
% NN I-NP
in IN B-PP
1988 CD B-NP
, , O
and CC O
shriveled VBD B-VP
to TO B-PP
barely RB B-NP
14 CD I-NP
% NN I-NP
some DT B-NP
months NNS I-NP
during IN B-PP
the DT B-NP
year NN I-NP
. . O

Yet RB O
in IN B-PP
1989 CD B-NP
, , O
retail JJ B-NP
participation NN I-NP
has VBZ B-VP
been VBN I-VP
more JJR B-NP
than IN I-NP
20 CD I-NP
% NN I-NP
in IN B-PP
every DT B-NP
month NN I-NP
, , O
and CC O
was VBD B-VP
23.5 CD B-NP
% NN I-NP
in IN B-PP
August NNP B-NP
, , O
the DT B-NP
latest JJS I-NP
month NN I-NP
for IN B-PP
which WDT B-NP
figures NNS B-NP
are VBP B-VP
available JJ B-ADJP
. . O

Jeffrey NNP B-NP
Schaefer NNP I-NP
, , O
the DT B-NP
SIA NNP I-NP
's POS B-NP
research NN I-NP
director NN I-NP
, , O
says VBZ B-VP
that IN B-SBAR
all DT B-NP
of IN B-PP
his PRP$ B-NP
group NN I-NP
's POS B-NP
retail-volume NN I-NP
statistics NNS I-NP
could MD B-VP
be VB I-VP
overstated VBN I-VP
by IN B-PP
as RB B-NP
much JJ I-NP
as IN I-NP
five CD I-NP
percentage NN I-NP
points NNS I-NP
because IN B-SBAR
corporate JJ B-NP
buy-backs NNS I-NP
are VBP B-VP
sometimes RB I-VP
inadvertently RB I-VP
included VBD I-VP
in IN B-PP
Big NNP B-NP
Board NNP I-NP
data NNS I-NP
. . O

But CC O
there EX B-NP
did VBD B-VP
seem VB I-VP
to TO I-VP
be VB I-VP
a DT B-NP
retail JJ I-NP
activity NN I-NP
pickup NN I-NP
. . O

But CC O
`` `` O
Friday NNP B-NP
did VBD B-VP
n't RB I-VP
help VB I-VP
things NNS B-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Schaefer NNP I-NP
. . O

With IN B-PP
the DT B-NP
gyrations NNS I-NP
of IN B-PP
recent JJ B-NP
days NNS I-NP
, , O
says VBZ B-VP
Hugo NNP B-NP
Quackenbush NNP I-NP
, , O
senior JJ B-NP
vice NN I-NP
president NN I-NP
at IN B-PP
Charles NNP B-NP
Schwab NNP I-NP
, , O
many JJ B-NP
small JJ I-NP
investors NNS I-NP
are VBP B-VP
absolutely RB B-ADJP
convinced VBN I-ADJP
that IN B-SBAR
`` `` O
they PRP B-NP
should MD B-VP
n't RB I-VP
play VB I-VP
in IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O
'' '' O

Joseph NNP B-NP
Grano NNP I-NP
, , O
president NN B-NP
of IN B-PP
retail JJ B-NP
sales NNS I-NP
and CC O
marketing NN B-NP
at IN B-PP
PaineWebber NNP B-NP
Group NNP I-NP
Inc. NNP I-NP
, , O
still RB B-ADVP
thinks VBZ B-VP
that IN B-SBAR
individual JJ B-NP
investors NNS I-NP
will MD B-VP
eventually RB I-VP
go VB I-VP
back RB B-ADVP
into IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
. . O

Investors NNS B-NP
will MD B-VP
develop VB I-VP
`` `` O
thicker JJR B-NP
skins NNS I-NP
, , O
'' '' O
and CC O
their PRP$ B-NP
confidence NN I-NP
will MD B-VP
return VB I-VP
, , O
he PRP B-NP
says VBZ B-VP
. . O

Friday NNP B-NP
's POS B-NP
plunge NN I-NP
, , O
he PRP B-NP
is VBZ B-VP
telling VBG I-VP
PaineWebber NNP B-NP
brokers NNS I-NP
, , O
was VBD B-VP
nothing NN B-ADJP
more JJR I-ADJP
than IN B-PP
a DT B-NP
`` `` I-NP
tremendous JJ I-NP
reaction NN I-NP
to TO B-PP
leveraged JJ B-NP
buy-out NN I-NP
stocks NNS I-NP
. . O
'' '' O

Meanwhile RB B-ADVP
, , O
PaineWebber NNP B-NP
remains VBZ B-VP
among IN B-PP
the DT B-NP
leaders NNS I-NP
in IN B-PP
efforts NNS B-NP
to TO B-VP
simply RB I-VP
persuade VB I-VP
investors NNS B-NP
to TO B-VP
keep VB I-VP
giving VBG I-VP
Wall NNP B-NP
Street NNP I-NP
their PRP$ B-NP
money NN I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
more JJR B-NP
of IN B-PP
an DT B-NP
important JJ I-NP
issue NN I-NP
to TO B-VP
keep VB I-VP
control NN B-NP
of IN B-PP
those DT B-NP
assets NNS I-NP
, , O
rather RB B-CONJP
than IN I-CONJP
push NN B-VP
the DT B-NP
investor NN I-NP
to TO B-VP
move VB I-VP
into IN B-PP
-LRB- ( O
specific JJ O
-RRB- ) O
products NNS B-NP
such JJ B-PP
as IN I-PP
equities NNS B-NP
, , O
'' '' O
Mr. NNP B-NP
Grano NNP I-NP
says VBZ B-VP
. . O

`` `` O
The DT B-NP
equity NN I-NP
decision NN I-NP
will MD B-VP
come VB I-VP
when WRB B-ADVP
the DT B-NP
client NN I-NP
is VBZ B-VP
ready JJ B-ADJP
and CC O
when WRB B-ADVP
there EX B-NP
's VBZ B-VP
a DT B-NP
semblance NN I-NP
of IN B-PP
confidence NN B-NP
. . O
'' '' O

It PRP B-NP
could MD B-VP
be VB I-VP
a DT B-NP
long JJ I-NP
wait NN I-NP
, , O
say VBP B-VP
some DT B-NP
industry NN I-NP
observers NNS I-NP
. . O

`` `` O
Some DT B-NP
investors NNS I-NP
will MD B-VP
tiptoe VB I-VP
back RB B-ADVP
in IN B-ADVP
, , O
'' '' O
says VBZ B-VP
Richard NNP B-NP
Ross NNP I-NP
, , O
a DT B-NP
market NN I-NP
research NN I-NP
director NN I-NP
for IN B-PP
Elrick NNP B-NP
& CC I-NP
Lavidge NNP I-NP
in IN B-PP
Chicago NNP B-NP
. . O

`` `` O
Then RB O
there EX B-NP
'll MD B-VP
be VB I-VP
another DT B-NP
swing NN I-NP
. . O

Given VBN B-PP
enough RB B-NP
of IN B-PP
these DT B-NP
, , O
this DT B-NP
will MD B-VP
drive VB I-VP
everyone NN B-NP
out IN B-ADVP
except IN B-PP
the DT B-NP
most RBS I-NP
hardy JJ I-NP
, , O
'' '' O
he PRP B-NP
adds VBZ B-VP
. . O

Mr. NNP B-NP
Ross NNP I-NP
, , O
who WP B-NP
has VBZ B-VP
been VBN I-VP
studying VBG I-VP
retail JJ B-NP
investors NNS I-NP
' POS B-NP
perception NN I-NP
of IN B-PP
risks NNS B-NP
in IN B-PP
the DT B-NP
brokerage NN I-NP
industry NN I-NP
, , O
said VBD B-VP
a DT B-NP
market NN I-NP
plunge NN I-NP
like IN B-PP
Friday NNP B-NP
's POS B-NP
`` `` O
shatters NNS B-VP
investors NNS B-NP
' '' B-NP
confidence NN I-NP
in IN B-PP
their PRP$ B-NP
ability NN I-NP
to TO B-VP
make VB I-VP
any DT B-NP
judgments NNS I-NP
on IN B-PP
the DT B-NP
market NN I-NP
. . O
'' '' O

The DT B-NP
long-term JJ I-NP
outlook NN I-NP
for IN B-PP
the DT B-NP
retail JJ I-NP
brokerage NN I-NP
business NN I-NP
is VBZ B-VP
`` `` O
miserable JJ B-ADJP
, , O
'' '' O
Mr. NNP B-NP
Ross NNP I-NP
declares VBZ B-VP
. . O

The DT B-NP
following VBG I-NP
were VBD B-VP
among IN B-PP
yesterday NN B-NP
's POS B-NP
offerings NNS I-NP
and CC I-NP
pricings NNS I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
and CC I-NP
non-U.S. JJ I-NP
capital NN I-NP
markets NNS I-NP
, , O
with IN B-PP
terms NNS B-NP
and CC I-NP
syndicate NN I-NP
manager NN I-NP
, , O
as IN B-SBAR
compiled VBN B-VP
by IN B-PP
Dow NNP B-NP
Jones NNP I-NP
Capital NNP I-NP
Markets NNP I-NP
Report NNP I-NP
: : O

Washington NNP B-NP
, , O
D.C. NNP B-NP
-- : O

$ $ B-NP
200 CD I-NP
million CD I-NP
of IN B-PP
general JJ B-NP
obligation NN I-NP
tax NN I-NP
revenue NN I-NP
anticipation NN I-NP
notes NNS I-NP
, , O
Series NNP B-NP
1990 CD I-NP
, , O
due JJ B-ADJP
Sept. NNP B-NP
28 CD I-NP
, , I-NP
1990 CD I-NP
. . O

About IN B-NP
$ $ I-NP
190 CD I-NP
million CD I-NP
were VBD B-VP
offered VBN I-VP
through IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc NNP I-NP
. . O

Shearson NNP B-NP
is VBZ B-VP
offering VBG I-VP
the DT B-NP
notes NNS I-NP
as IN B-PP
6 CD B-NP
3\/4 CD I-NP
% NN I-NP
securities NNS I-NP
priced VBN B-VP
to TO B-VP
yield VB I-VP
6.15 CD B-NP
% NN I-NP
. . O

J.P. NNP B-NP
Morgan NNP I-NP
Securities NNP I-NP
Inc. NNP I-NP
is VBZ B-VP
offering VBG I-VP
the DT B-NP
remaining VBG I-NP
$ $ I-NP
10 CD I-NP
million CD I-NP
of IN B-PP
notes NNS B-NP
. . O

The DT B-NP
notes NNS I-NP
are VBP B-VP
rated VBN I-VP
MIG-1 JJ B-ADJP
by IN B-PP
Moody NNP B-NP
's POS B-NP
Investors NNP I-NP
Service NNP I-NP
Inc NNP I-NP
. . O

Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
Corp. NNP I-NP
has VBZ B-VP
them PRP B-NP
under IN B-PP
review NN B-NP
. . O

Federal NNP B-NP
National NNP I-NP
Mortgage NNP I-NP
Association NNP I-NP
-- : O

$ $ B-NP
400 CD I-NP
million CD I-NP
of IN B-PP
Remic NNP B-NP
mortgage NN I-NP
securities NNS I-NP
being VBG B-VP
offered VBN I-VP
in IN B-PP
16 CD B-NP
classes NNS I-NP
by IN B-PP
Bear NNP B-NP
, , I-NP
Stearns NNP I-NP
& CC I-NP
Co NNP I-NP
. . O

The DT B-NP
offering NN I-NP
, , O
Series NNP B-NP
1989-83 CD I-NP
, , O
is VBZ B-VP
backed VBN I-VP
by IN B-PP
Fannie NNP B-NP
Mae NNP I-NP
9 CD I-NP
% NN I-NP
securities NNS I-NP
. . O

The DT B-NP
offering NN I-NP
used VBD B-VP
at-market JJ B-NP
pricing NN I-NP
. . O

Separately RB B-ADVP
, , O
Fannie NNP B-NP
Mae NNP I-NP
issued VBD B-VP
$ $ B-NP
400 CD I-NP
million CD I-NP
of IN B-PP
Remic NNP B-NP
mortgage NN I-NP
securities NNS I-NP
in IN B-PP
12 CD B-NP
classes NNS I-NP
through IN B-PP
First NNP B-NP
Boston NNP I-NP
Corp NNP I-NP
. . O

The DT B-NP
offering NN I-NP
, , O
Series NNP B-NP
1989-84 CD I-NP
, , O
is VBZ B-VP
backed VBN I-VP
by IN B-PP
Fannie NNP B-NP
Mae NNP I-NP
9 CD I-NP
% NN I-NP
securities NNS I-NP
. . O

Pricing NN B-NP
details NNS I-NP
were VBD B-VP
n't RB O
available JJ B-ADJP
. . O

The DT B-NP
two CD I-NP
offerings NNS I-NP
bring VBP B-VP
Fannie NNP B-NP
Mae NNP I-NP
's POS B-NP
1989 CD I-NP
Remic NNP I-NP
issuance NN I-NP
to TO B-PP
$ $ B-NP
31 CD I-NP
billion CD I-NP
and CC O
its PRP$ B-NP
total JJ I-NP
volume NN I-NP
to TO B-PP
$ $ B-NP
43.3 CD I-NP
billion CD I-NP
since IN B-SBAR
the DT B-NP
program NN I-NP
began VBD B-VP
in IN B-PP
April NNP B-NP
1987 CD I-NP
. . O

Societa NNP B-NP
per IN I-NP
Azioni NNP I-NP
Finanziaria NNP I-NP
Industria NNP I-NP
Manaifatturiera NNP I-NP
-LRB- ( O
Italy NNP B-NP
-RRB- ) O
-- : O

$ $ B-NP
150 CD I-NP
million CD I-NP
of IN B-PP
9 CD B-NP
% NN I-NP
depository NN I-NP
receipts NNS I-NP
due JJ B-ADJP
Nov. NNP B-NP
27 CD I-NP
, , I-NP
1994 CD I-NP
, , O
priced VBN B-VP
at IN B-PP
101.60 CD B-NP
to TO B-VP
yield VB I-VP
9.07 CD B-NP
% NN I-NP
less JJR B-PP
fees NNS B-NP
, , O
via IN B-PP
Bankers NNP B-NP
Trust NNP I-NP
International NNP I-NP
Ltd NNP I-NP
. . O

Fees NNS B-NP
1 CD B-NP
7\/8 CD I-NP
. . O

Mitsubishi NNP B-NP
Corp NNP I-NP
. . I-NP
Finance NNP I-NP
-LRB- ( O
Japanese JJ B-NP
parent NN I-NP
-RRB- ) O
-- : O

$ $ B-NP
100 CD I-NP
million CD I-NP
of IN B-PP
8 CD B-NP
5\/8 CD I-NP
% NN I-NP
bonds NNS I-NP
due JJ B-ADJP
Nov. NNP B-NP
1 CD I-NP
, , I-NP
1993 CD I-NP
priced VBN B-VP
at IN B-PP
101 CD B-NP
1\/4 CD I-NP
to TO B-VP
yield VB I-VP
8.74 CD B-NP
% NN I-NP
annually RB B-ADVP
less RBR B-PP
full JJ B-NP
fees NNS I-NP
, , O
via IN B-PP
Yamaichi NNP B-NP
International NNP I-NP
-LRB- ( O
Europe NNP O
-RRB- ) O
Ltd NNP B-NP
. . O

Fees NNS B-NP
1 CD B-NP
5\/8 CD I-NP
. . O

Indian NNP B-NP
Oil NNP I-NP
Corp NNP I-NP
. . O
-LRB- ( O
India NNP B-NP
-RRB- ) O
-- : O

$ $ B-NP
200 CD I-NP
million CD I-NP
of IN B-PP
floating-rate JJ B-NP
notes NNS I-NP
due JJ B-ADJP
November NNP B-NP
1994 CD I-NP
, , O
paying VBG B-VP
six-month JJ B-NP
London NNP I-NP
interbank NN I-NP
offered VBD I-NP
rate NN I-NP
plus CC O
3\/16 CD B-NP
point NN I-NP
and CC O
priced VBN B-VP
at IN B-PP
par NN B-NP
via IN B-PP
Credit NNP B-NP
Suisse NNP I-NP
First NNP I-NP
Boston NNP I-NP
Ltd NNP I-NP
. . O

Guaranteed VBN B-VP
by IN B-PP
India NNP B-NP
. . O

Fees NNS B-NP
0.36 CD B-NP
. . O

Notes NNS B-NP
offered VBN B-VP
at IN B-PP
a DT B-NP
fixed VBN I-NP
level NN I-NP
of IN B-PP
99.75 CD B-NP
. . O

National NNP B-NP
Westminster NNP I-NP
Bank NNP I-NP
PLC NNP I-NP
-LRB- ( O
U.K. NNP B-NP
-RRB- ) O
-- : O

# # B-NP
200 CD I-NP
million CD I-NP
of IN B-PP
undated JJ B-NP
variable-rate JJ I-NP
notes NNS I-NP
priced VBN B-VP
at IN B-PP
par NN B-NP
via IN B-PP
Merill NNP B-NP
Lynch NNP I-NP
International NNP I-NP
Ltd NNP I-NP
. . O

Initial JJ B-NP
interest NN I-NP
rate NN I-NP
set VBN B-VP
at IN B-PP
0.375 CD B-NP
point NN I-NP
over IN B-PP
three-month JJ B-NP
Libor NNP I-NP
. . O

Subsequent JJ B-NP
margins NNS I-NP
set VBN B-VP
by IN B-PP
agreement NN B-NP
between IN B-PP
NatWest NNP B-NP
and CC I-NP
Merrill NNP I-NP
. . O

If IN B-SBAR
no DT B-NP
margin NN I-NP
agreed VBD B-ADJP
, , O
there EX B-NP
is VBZ B-VP
a DT B-NP
fallback NN I-NP
rate NN I-NP
of IN B-PP
Libor NNP B-NP
plus CC O
0.75 CD B-NP
point NN I-NP
in IN B-PP
years NNS B-NP
one CD I-NP
to TO I-NP
15 CD I-NP
, , O
and CC O
Libor NNP B-NP
plus CC O
1.25 CD B-NP
point NN I-NP
thereafter RB B-ADVP
. . O

Keihin NNP B-NP
Electric NNP I-NP
Express NNP I-NP
Railway NNP I-NP
Co NNP I-NP
. . O
-LRB- ( O
Japan NNP B-NP
-RRB- ) O
-- : O

$ $ B-NP
150 CD I-NP
million CD I-NP
of IN B-PP
bonds NNS B-NP
due JJ B-ADJP
Nov. NNP B-NP
9 CD I-NP
, , I-NP
1993 CD I-NP
, , O
with IN B-PP
equity-purchase JJ B-NP
warrants NNS I-NP
, , O
indicating VBG B-VP
a DT B-NP
4 CD I-NP
% NN I-NP
coupon NN I-NP
at IN B-PP
par NN B-NP
via IN B-PP
Yamaichi NNP B-NP
International NNP I-NP
-LRB- ( O
Europe NNP O
-RRB- ) O
Ltd NNP B-NP
. . O

Each DT B-NP
$ $ I-NP
5,000 CD I-NP
bond NN I-NP
carries VBZ B-VP
one CD B-NP
warrant NN I-NP
, , O
exercisable JJ B-ADJP
from IN B-PP
Dec. NNP B-NP
1 CD I-NP
, , I-NP
1989 CD I-NP
, , O
through IN B-PP
Nov. NNP B-NP
2 CD I-NP
, , I-NP
1993 CD I-NP
, , O
to TO B-VP
buy VB I-VP
company NN B-NP
shares NNS I-NP
at IN B-PP
an DT B-NP
expected VBN I-NP
premium NN I-NP
of IN B-PP
2 CD B-NP
1\/2 CD I-NP
% NN I-NP
to TO B-PP
the DT B-NP
closing VBG I-NP
share NN I-NP
price NN I-NP
when WRB B-ADVP
terms NNS B-NP
are VBP B-VP
fixed VBN I-VP
Oct. NNP B-NP
24 CD I-NP
. . O

Seiren NNP B-NP
Co NNP I-NP
. . O
-LRB- ( O
Japan NNP B-NP
-RRB- ) O
-- : O

110 CD B-NP
million CD I-NP
Swiss JJ I-NP
francs NNS I-NP
of IN B-PP
privately RB B-NP
placed VBN I-NP
convertible JJ I-NP
notes NNS I-NP
due JJ B-ADJP
March NNP B-NP
31 CD I-NP
, , I-NP
1994 CD I-NP
, , O
with IN B-PP
an DT B-NP
indicated VBD I-NP
0.25 CD I-NP
% NN I-NP
coupon NN I-NP
at IN B-PP
par NN B-NP
, , O
via IN B-PP
Bank NNP B-NP
Leu NNP I-NP
Ltd NNP I-NP
. . O

Put VB B-NP
option NN I-NP
on IN B-PP
March NNP B-NP
31 CD I-NP
, , I-NP
1992 CD I-NP
, , O
at IN B-PP
an DT B-NP
indicated VBD I-NP
109 CD I-NP
to TO B-VP
yield VB I-VP
3.865 CD B-NP
% NN I-NP
. . O

Callable JJ B-ADJP
on IN B-PP
March NNP B-NP
31 CD I-NP
, , I-NP
1992 CD I-NP
, , O
at IN B-PP
109 CD B-NP
, , O
also RB B-VP
beginning VBG I-VP
Sept. NNP B-NP
30 CD I-NP
, , I-NP
1992 CD I-NP
, , O
from IN B-PP
101 CD B-NP
1\/2 CD I-NP
and CC O
declining VBG B-VP
half PDT B-NP
a DT I-NP
point NN I-NP
semiannually RB B-ADVP
to TO B-PP
par NN B-NP
. . O

Each DT B-NP
50,000 CD I-NP
Swiss JJ I-NP
franc NN I-NP
note NN I-NP
is VBZ B-VP
convertible JJ B-ADJP
from IN B-PP
Nov. NNP B-NP
20 CD I-NP
, , I-NP
1989 CD I-NP
, , O
to TO B-PP
March NNP B-NP
17 CD I-NP
, , I-NP
1994 CD I-NP
, , O
at IN B-PP
an DT B-NP
indicated VBN I-NP
5 NN I-NP
% NN I-NP
premium NN I-NP
over IN B-PP
the DT B-NP
closing VBG I-NP
share NN I-NP
price NN I-NP
Oct. NNP B-NP
25 CD I-NP
, , O
when WRB B-ADVP
terms NNS B-NP
are VBP B-VP
scheduled VBN I-VP
to TO I-VP
be VB I-VP
fixed VBN I-VP
. . O

N. NNP B-NP
Nomura NNP I-NP
& CC I-NP
Co NNP I-NP
. . O
-LRB- ( O
Japan NNP B-NP
-RRB- ) O
-- : O

50 CD B-NP
million CD I-NP
Swiss JJ I-NP
francs NNS I-NP
of IN B-PP
privately RB B-NP
placed VBN I-NP
convertible JJ I-NP
notes NNS I-NP
due JJ B-ADJP
March NNP B-NP
31 CD I-NP
, , I-NP
1994 CD I-NP
, , O
with IN B-PP
an DT B-NP
indicated VBD I-NP
0.5 CD I-NP
% NN I-NP
coupon NN I-NP
at IN B-PP
par NN B-NP
, , O
via IN B-PP
Bank NNP B-NP
Julius NNP I-NP
Baer NNP I-NP
. . O

Put VB B-NP
option NN I-NP
on IN B-PP
March NNP B-NP
31 CD I-NP
, , I-NP
1992 CD I-NP
, , O
at IN B-PP
an DT B-NP
indicated VBD I-NP
108 CD I-NP
1\/4 CD I-NP
to TO B-VP
yield VB I-VP
3.846 CD B-NP
% NN I-NP
. . O

Each DT B-NP
50,000 CD I-NP
Swiss JJ I-NP
franc NN I-NP
note NN I-NP
is VBZ B-VP
convertible JJ B-ADJP
from IN B-PP
Nov. NNP B-NP
20 CD I-NP
, , I-NP
1989 CD I-NP
, , O
to TO B-PP
March NNP B-NP
17 CD I-NP
, , I-NP
1994 CD I-NP
, , O
at IN B-PP
a DT B-NP
5 NN I-NP
% NN I-NP
premium NN I-NP
over IN B-PP
the DT B-NP
closing VBG I-NP
share NN I-NP
price NN I-NP
Oct. NNP B-NP
21 CD I-NP
, , O
when WRB B-ADVP
terms NNS B-NP
are VBP B-VP
scheduled VBN I-VP
to TO I-VP
be VB I-VP
fixed VBN I-VP
. . O

Aegon NNP B-NP
N.V NNP I-NP
. . O
-LRB- ( O
Netherlands NNP B-NP
-RRB- ) O
-- : O

250 CD B-NP
million CD I-NP
Dutch JJ I-NP
guilders NNS I-NP
of IN B-PP
7 CD B-NP
3\/4 CD I-NP
% NN I-NP
bonds NNS I-NP
due JJ B-ADJP
Nov. NNP B-NP
15 CD I-NP
, , I-NP
1999 CD I-NP
, , O
priced VBN B-VP
at IN B-PP
101 CD B-NP
1\/4 CD I-NP
to TO B-VP
yield VB I-VP
7.57 CD B-NP
% NN I-NP
at IN B-PP
issue NN B-NP
price NN I-NP
and CC O
7.86 CD B-NP
% NN I-NP
less RBR B-PP
full JJ B-NP
fees NNS I-NP
, , O
via IN B-PP
AMRO NNP B-NP
Bank NNP I-NP
. . O

Fees NNS B-NP
2 CD B-NP
. . O

Continental NNP B-NP
Airlines NNPS I-NP
-- : O

a DT B-NP
four-part JJ I-NP
, , I-NP
$ $ I-NP
71 CD I-NP
million CD I-NP
issue NN I-NP
of IN B-PP
secured VBN B-NP
equipment NN I-NP
certificates NNS I-NP
priced VBN B-VP
through IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc NNP I-NP
. . O

The DT B-NP
size NN I-NP
of IN B-PP
the DT B-NP
issue NN I-NP
was VBD B-VP
decreased VBN I-VP
from IN B-PP
an DT B-NP
originally RB I-NP
planned VBN I-NP
$ $ I-NP
95.2 CD I-NP
million CD I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
a DT B-NP
planned VBN I-NP
two-part JJ I-NP
offering NN I-NP
of IN B-PP
$ $ B-NP
58 CD I-NP
million CD I-NP
in IN B-PP
unsecured JJ B-NP
notes NNS I-NP
was VBD B-VP
n't RB I-VP
offered VBN I-VP
. . O

The DT B-NP
first JJ I-NP
part NN I-NP
, , O
consisting VBG B-VP
of IN B-PP
$ $ B-NP
2.5 CD I-NP
million CD I-NP
of IN B-PP
11 CD B-NP
1\/4 CD I-NP
% NN I-NP
secured VBD I-NP
equipment NN I-NP
certificates NNS I-NP
due JJ B-ADJP
June NNP B-NP
15 CD I-NP
, , I-NP
1990 CD I-NP
, , O
was VBD B-VP
priced VBN I-VP
at IN B-PP
98.481 CD B-NP
with IN B-PP
a DT B-NP
yield NN I-NP
to TO B-PP
maturity NN B-NP
of IN B-PP
13.75 CD B-NP
% NN I-NP
. . O

The DT B-NP
second JJ I-NP
part NN I-NP
, , O
consisting VBG B-VP
of IN B-PP
$ $ B-NP
28 CD I-NP
million CD I-NP
of IN B-PP
11 CD B-NP
3\/4 CD I-NP
% NN I-NP
secured VBD I-NP
equipment NN I-NP
certificates NNS I-NP
due JJ B-ADJP
June NNP B-NP
15 CD I-NP
, , I-NP
1995 CD I-NP
, , O
was VBD B-VP
priced VBN I-VP
at IN B-PP
87.026 CD B-NP
with IN B-PP
a DT B-NP
yield NN I-NP
to TO B-PP
maturity NN B-NP
of IN B-PP
15.25 CD B-NP
% NN I-NP
. . O

The DT B-NP
third JJ I-NP
part NN I-NP
, , O
consisting VBG B-VP
of IN B-PP
$ $ B-NP
18.5 CD I-NP
million CD I-NP
of IN B-PP
12 CD B-NP
1\/8 CD I-NP
% NN I-NP
secured VBD I-NP
equipment NN I-NP
certificates NNS I-NP
due JJ B-ADJP
April NNP B-NP
15 CD I-NP
, , I-NP
1996 CD I-NP
, , O
was VBD B-VP
priced VBN I-VP
at IN B-PP
85.60 CD B-NP
with IN B-PP
a DT B-NP
yield NN I-NP
to TO B-PP
maturity NN B-NP
of IN B-PP
15.75 CD B-NP
% NN I-NP
. . O

The DT B-NP
fourth JJ I-NP
part NN I-NP
, , O
consisting VBG B-VP
of IN B-PP
$ $ B-NP
22 CD I-NP
million CD I-NP
of IN B-PP
12 CD B-NP
1\/2 CD I-NP
% NN I-NP
secured VBD I-NP
equipment NN I-NP
certificates NNS I-NP
due JJ B-ADJP
April NNP B-NP
15 CD I-NP
, , I-NP
1999 CD I-NP
, , O
was VBD B-VP
priced VBN I-VP
at IN B-PP
85.339 CD B-NP
with IN B-PP
a DT B-NP
yield NN I-NP
to TO B-PP
maturity NN B-NP
of IN B-PP
15.50 CD B-NP
% NN I-NP
. . O

The DT B-NP
issue NN I-NP
was VBD B-VP
rated VBN I-VP
single-B-2 JJ B-ADJP
by IN B-PP
Moody NNP B-NP
's POS B-NP
and CC O
single-B JJ B-ADJP
by IN B-PP
S&P NNP B-NP
. . O

All DT B-NP
parts NNS I-NP
of IN B-PP
the DT B-NP
issue NN I-NP
are VBP B-VP
callable JJ B-ADJP
at IN B-PP
any DT B-NP
time NN I-NP
at IN B-PP
par NN B-NP
. . O

Continental NNP B-NP
Airlines NNPS I-NP
is VBZ B-VP
a DT B-NP
unit NN I-NP
of IN B-PP
Texas NNP B-NP
Air NNP I-NP
Corp NNP I-NP
. . O

John NNP B-NP
V. NNP I-NP
Holmes NNP I-NP
, , O
an DT B-NP
investment-newsletter NN I-NP
publisher NN I-NP
, , O
and CC O
three CD B-NP
venture-capital JJ I-NP
firms NNS I-NP
he PRP B-NP
organized VBD B-VP
were VBD B-VP
enjoined VBN I-VP
from IN B-PP
violating VBG B-VP
the DT B-NP
registration NN I-NP
provisions NNS I-NP
of IN B-PP
the DT B-NP
securities NNS I-NP
laws NNS I-NP
governing VBG B-VP
investment NN B-NP
companies NNS I-NP
. . O

As IN B-PP
part NN B-NP
of IN B-PP
an DT B-NP
agreement NN I-NP
that WDT B-NP
settled VBD B-VP
charges NNS B-NP
brought VBN B-VP
by IN B-PP
the DT B-NP
Securities NNP I-NP
and CC I-NP
Exchange NNP I-NP
Commission NNP I-NP
, , O
a DT B-NP
receiver NN I-NP
was VBD B-VP
also RB I-VP
appointed VBN I-VP
for IN B-PP
the DT B-NP
three CD I-NP
venture-capital JJ I-NP
firms NNS I-NP
. . O

Mr. NNP B-NP
Holmes NNP I-NP
was VBD B-VP
the DT B-NP
subject NN I-NP
of IN B-PP
a DT B-NP
page NN I-NP
one CD I-NP
profile NN I-NP
in IN B-PP
The DT B-NP
Wall NNP I-NP
Street NNP I-NP
Journal NNP I-NP
in IN B-PP
1984 CD B-NP
, , O
after IN B-SBAR
the DT B-NP
SEC NNP I-NP
questioned VBD B-VP
him PRP B-NP
about IN B-PP
ties NNS B-NP
between IN B-PP
him PRP B-NP
and CC O
companies NNS B-NP
he PRP B-NP
touted VBD B-VP
in IN B-PP
a DT B-NP
newsletter NN I-NP
. . O

In IN B-PP
1986 CD B-NP
, , O
in IN B-PP
another DT B-NP
consent NN I-NP
agreement NN I-NP
with IN B-PP
the DT B-NP
SEC NNP I-NP
, , O
Mr. NNP B-NP
Holmes NNP I-NP
was VBD B-VP
enjoined VBN I-VP
from IN B-PP
violating VBG B-VP
the DT B-NP
stock-registration NN I-NP
and CC I-NP
anti-fraud JJ I-NP
provisions NNS I-NP
of IN B-PP
the DT B-NP
securities NNS I-NP
laws NNS I-NP
. . O

Without IN B-PP
any DT B-NP
admission NN I-NP
or CC I-NP
denial NN I-NP
of IN B-PP
guilt NN B-NP
by IN B-PP
Mr. NNP B-NP
Holmes NNP I-NP
, , O
that DT B-NP
agreement NN I-NP
settled VBD B-VP
SEC NNP B-NP
charges NNS I-NP
that IN B-SBAR
Mr. NNP B-NP
Holmes NNP I-NP
sold VBD B-VP
unregistered JJ B-NP
securities NNS I-NP
and CC O
misled VBD B-VP
investors NNS B-NP
. . O

In IN B-PP
charges NNS B-NP
filed VBD B-VP
last JJ B-NP
week NN I-NP
in IN B-PP
federal JJ B-NP
district NN I-NP
court NN I-NP
in IN B-PP
Charlotte NNP B-NP
, , O
N.C. NNP B-NP
, , O
the DT B-NP
SEC NNP I-NP
alleged VBD B-VP
that IN B-SBAR
Venture NNP B-NP
Capitalists NNPS I-NP
Inc. NNP I-NP
, , O
Venture NNP B-NP
Finance NNP I-NP
Corp. NNP I-NP
and CC O
New NNP B-NP
Ventures NNP I-NP
Fund NNP I-NP
Inc. NNP I-NP
, , O
all DT B-NP
of IN B-PP
Charlotte NNP B-NP
, , O
failed VBD B-VP
repeatedly RB I-VP
to TO I-VP
file VB I-VP
proper JJ B-NP
documents NNS I-NP
. . O

The DT B-NP
SEC NNP I-NP
also RB B-ADVP
charged VBD B-VP
that IN B-SBAR
Mr. NNP B-NP
Holmes NNP I-NP
acted VBD B-VP
as IN B-PP
an DT B-NP
officer NN I-NP
or CC I-NP
director NN I-NP
of IN B-PP
New NNP B-NP
Ventures NNP I-NP
, , O
in IN B-PP
violation NN B-NP
of IN B-PP
his PRP$ B-NP
previous JJ I-NP
consent NN I-NP
agreement NN I-NP
. . O

`` `` O
Some DT B-NP
companies NNS I-NP
were VBD B-VP
delinquent JJ B-ADJP
in IN B-PP
filings NNS B-NP
and CC O
other JJ B-NP
actions NNS I-NP
, , O
all DT B-NP
of IN B-PP
which WDT B-NP
cost VBP B-VP
money NN B-NP
, , O
'' '' O
Mr. NNP B-NP
Holmes NNP I-NP
said VBD B-VP
. . O

Two CD B-NP
of IN B-PP
Mr. NNP B-NP
Holmes NNP I-NP
's POS B-NP
business NN I-NP
associates NNS I-NP
who WP B-NP
worked VBD B-VP
for IN B-PP
Venture NNP B-NP
Capitalists NNPS I-NP
, , O
Kimberly NNP B-NP
Ann NNP I-NP
Smith NNP I-NP
and CC O
Frederick NNP B-NP
Byrum NNP I-NP
, , O
also RB B-ADVP
consented VBD B-VP
to TO I-VP
being VBG I-VP
enjoined VBN I-VP
from IN B-PP
violations NNS B-NP
of IN B-PP
registration NN B-NP
provisions NNS I-NP
of IN B-PP
the DT B-NP
securities NNS I-NP
laws NNS I-NP
. . O

Ms. NNP B-NP
Smith NNP I-NP
also RB B-ADVP
agreed VBD B-VP
to TO B-PP
a DT B-NP
permanent JJ I-NP
injunction NN I-NP
barring VBG B-VP
her PRP B-NP
from IN B-PP
acting VBG B-VP
as IN B-PP
an DT B-NP
officer NN I-NP
, , I-NP
director NN I-NP
or CC I-NP
investment NN I-NP
adviser NN I-NP
of IN B-PP
any DT B-NP
mutual JJ I-NP
fund NN I-NP
, , I-NP
unit NN I-NP
investment NN I-NP
trust NN I-NP
or CC I-NP
face-amount JJ I-NP
certificate NN I-NP
company NN I-NP
. . O

Mr. NNP B-NP
Byrum NNP I-NP
and CC O
Ms. NNP B-NP
Smith NNP I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
for IN B-PP
comment NN B-NP
. . O

In IN B-PP
consenting VBG B-VP
to TO B-PP
the DT B-NP
injunctions NNS I-NP
, , O
none NN B-NP
of IN B-PP
the DT B-NP
individuals NNS I-NP
or CC I-NP
companies NNS I-NP
admitted VBD B-VP
or CC I-VP
denied VBD I-VP
the DT B-NP
allegations NNS I-NP
. . O

Senate NNP B-NP
Republicans NNPS I-NP
have VBP B-VP
settled VBN I-VP
on IN B-PP
a DT B-NP
proposal NN I-NP
that WDT B-NP
would MD B-VP
cut VB I-VP
the DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
for IN B-PP
individuals NNS B-NP
and CC I-NP
corporations NNS I-NP
. . O

At IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
a DT B-NP
small JJ I-NP
group NN I-NP
of IN B-PP
Senate NNP B-NP
Democrats NNPS I-NP
are VBP B-VP
working VBG I-VP
on IN B-PP
a DT B-NP
similar JJ I-NP
plan NN I-NP
and CC O
may MD B-VP
introduce VB I-VP
it PRP B-NP
soon RB B-ADVP
. . O

Sen. NNP B-NP
Bob NNP I-NP
Packwood NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Ore. NNP B-NP
-RRB- ) O
, , O
the DT B-NP
lead NN I-NP
sponsor NN I-NP
of IN B-PP
the DT B-NP
GOP NNP I-NP
proposal NN I-NP
, , O
said VBD B-VP
he PRP B-NP
intends VBZ B-VP
to TO I-VP
unveil VB I-VP
the DT B-NP
plan NN I-NP
today NN B-NP
and CC O
to TO B-VP
offer VB I-VP
it PRP B-NP
as IN B-PP
an DT B-NP
amendment NN I-NP
to TO B-PP
whatever WDT B-NP
legislation NN I-NP
comes VBZ B-VP
along IN B-ADVP
, , O
particularly RB B-ADVP
this DT B-NP
month NN I-NP
's POS B-NP
bill NN I-NP
to TO B-VP
raise VB I-VP
the DT B-NP
federal JJ I-NP
borrowing NN I-NP
limit NN I-NP
. . O

He PRP B-NP
gave VBD B-VP
10-to-1 JJ B-NP
odds NNS I-NP
that IN B-SBAR
a DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
cut VB I-NP
of IN B-PP
some DT B-NP
sort NN I-NP
would MD B-VP
be VB I-VP
approved VBN I-VP
this DT B-NP
year NN I-NP
, , O
though IN B-SBAR
it PRP B-NP
probably RB B-ADVP
wo MD B-VP
n't RB I-VP
be VB I-VP
included VBN I-VP
in IN B-PP
the DT B-NP
pending VBG I-NP
deficit-reduction NN I-NP
bill NN I-NP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
he PRP B-NP
expects VBZ B-VP
to TO I-VP
talk VB I-VP
to TO B-PP
the DT B-NP
Democrats NNPS I-NP
who WP B-NP
also RB B-ADVP
wanted VBD B-VP
to TO I-VP
cut VB I-VP
the DT B-NP
gains NNS I-NP
tax VBP I-NP
about IN B-PP
drafting VBG B-VP
a DT B-NP
joint JJ I-NP
proposal NN I-NP
. . O

For IN B-PP
individuals NNS B-NP
, , O
the DT B-NP
Packwood NNP I-NP
plan NN I-NP
would MD B-VP
exclude VB I-VP
from IN B-PP
income NN B-NP
5 NN B-NP
% NN I-NP
of IN B-PP
the DT B-NP
gain NN I-NP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
a DT B-NP
capital NN I-NP
asset NN I-NP
held VBN B-VP
for IN B-PP
more JJR B-NP
than IN I-NP
one CD I-NP
year NN I-NP
. . O

The DT B-NP
exclusion NN I-NP
would MD B-VP
rise VB I-VP
five CD B-NP
percentage NN I-NP
points NNS I-NP
for IN B-PP
each DT B-NP
year NN I-NP
the DT B-NP
asset NN I-NP
was VBD B-VP
held VBN I-VP
until IN B-SBAR
it PRP B-NP
reached VBD B-VP
a DT B-NP
maximum NN I-NP
of IN B-PP
35 CD B-NP
% NN I-NP
. . O

The DT B-NP
exclusion NN I-NP
would MD B-VP
apply VB I-VP
to TO B-PP
assets NNS B-NP
sold VBN B-VP
after IN B-PP
Oct. NNP B-NP
1 CD I-NP
, , I-NP
1989 CD I-NP
. . O

As IN B-PP
an DT B-NP
alternative NN I-NP
, , O
he PRP B-NP
said VBD B-VP
, , O
taxpayers NNS B-NP
could MD B-VP
chose VBD I-VP
to TO I-VP
reduce VB I-VP
their PRP$ B-NP
gains NNS I-NP
by IN B-PP
an DT B-NP
inflation NN I-NP
index NN I-NP
. . O

For IN B-PP
corporations NNS B-NP
, , O
the DT B-NP
top JJ I-NP
tax NN I-NP
rate NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
assets NNS B-NP
held VBN B-VP
for IN B-PP
more JJR B-NP
than IN I-NP
three CD I-NP
years NNS I-NP
would MD B-VP
be VB I-VP
cut VBN I-VP
to TO B-PP
33 CD B-NP
% NN I-NP
from IN B-PP
the DT B-NP
current JJ I-NP
top JJ I-NP
rate NN I-NP
of IN B-PP
34 CD B-NP
% NN I-NP
. . O

That DT B-NP
rate NN I-NP
would MD B-VP
gradually RB I-VP
decline VB I-VP
to TO B-PP
as RB B-NP
little JJ I-NP
as IN I-NP
29 CD I-NP
% NN I-NP
for IN B-PP
corporate JJ B-NP
assets NNS I-NP
held VBN B-VP
for IN B-PP
15 CD B-NP
years NNS I-NP
. . O

The DT B-NP
Packwood NNP I-NP
plan NN I-NP
would MD B-VP
also RB I-VP
include VB I-VP
a DT B-NP
proposal NN I-NP
, , O
designed VBN B-VP
by IN B-PP
Sen. NNP B-NP
William NNP I-NP
Roth NNP I-NP
-LRB- ( O
R. NNP B-NP
, , O
Del. NNP B-NP
-RRB- ) O
, , O
that WDT B-NP
would MD B-VP
expand VB I-VP
and CC I-VP
alter VB I-VP
the DT B-NP
deduction NN I-NP
for IN B-PP
individual JJ B-NP
retirement NN I-NP
accounts NNS I-NP
. . O

The DT B-NP
Roth NNP I-NP
plan NN I-NP
would MD B-VP
create VB I-VP
a DT B-NP
new JJ I-NP
, , I-NP
non-deductible JJ I-NP
IRA NNP I-NP
from IN B-PP
which WDT B-NP
money NN B-NP
could MD B-VP
be VB I-VP
withdrawn VBN I-VP
tax-free JJ B-ADVP
not RB B-CONJP
only RB O
for IN B-PP
retirement NN B-NP
, , O
but CC B-CONJP
also RB I-CONJP
for IN B-PP
the DT B-NP
purchase NN I-NP
of IN B-PP
a DT B-NP
first JJ I-NP
home NN I-NP
and CC O
to TO B-VP
pay VB I-VP
education NN B-NP
and CC I-NP
medical JJ I-NP
expenses NNS I-NP
. . O

Current JJ B-NP
IRAs NNS I-NP
could MD B-VP
be VB I-VP
rolled VBN I-VP
over IN B-ADVP
into IN B-PP
the DT B-NP
new JJ I-NP
IRAs NNS I-NP
but CC O
would MD B-VP
be VB I-VP
subject NN B-ADJP
to TO B-PP
tax VB B-NP
. . O

For IN B-PP
their PRP$ B-NP
part NN I-NP
, , O
the DT B-NP
group NN I-NP
of IN B-PP
Democrats NNPS B-NP
are VBP B-VP
working VBG I-VP
on IN B-PP
a DT B-NP
plan NN I-NP
that IN B-NP
, , O
like IN B-PP
the DT B-NP
Packwood NNP I-NP
proposal NN I-NP
, , O
would MD B-VP
grant VB I-VP
larger JJR B-NP
exclusions NNS I-NP
to TO B-PP
assets NNS B-NP
the DT B-ADVP
longer RB I-ADVP
they PRP B-NP
were VBD B-VP
held VBN I-VP
by IN B-PP
individuals NNS B-NP
and CC I-NP
companies NNS I-NP
. . O

Newly RB B-NP
acquired VBN I-NP
assets NNS I-NP
would MD B-VP
get VB I-VP
a DT B-NP
bigger JJR I-NP
break NN I-NP
than IN B-PP
those DT B-NP
currently RB B-VP
held VBN I-VP
. . O

An DT B-NP
extra JJ I-NP
exclusion NN I-NP
would MD B-VP
be VB I-VP
given VBN I-VP
to TO B-PP
long-held JJ B-NP
stock NN I-NP
in IN B-PP
small JJ B-NP
and CC I-NP
medium-size JJ I-NP
corporations NNS I-NP
just RB B-VP
starting VBG I-VP
up RB B-PRT
. . O

No DT B-NP
one CD I-NP
in IN B-PP
the DT B-NP
Senate NNP I-NP
is VBZ B-VP
considering VBG I-VP
the DT B-NP
capital-gains NNS I-NP
plan VBP I-NP
passed VBN B-VP
by IN B-PP
the DT B-NP
House NNP I-NP
. . O

That DT B-NP
plan NN I-NP
would MD B-VP
provide VB I-VP
a DT B-NP
30 CD I-NP
% NN I-NP
exclusion NN I-NP
to TO B-PP
assets NNS B-NP
sold VBN B-VP
over IN B-PP
a DT B-NP
2 CD I-NP
1\/2-year JJ I-NP
period NN I-NP
ending VBG B-VP
Dec. NNP B-NP
31 CD I-NP
, , I-NP
1991 CD I-NP
. . O

After IN B-PP
then RB B-NP
, , O
the DT B-NP
House NNP I-NP
measure NN I-NP
would MD B-VP
boost VB I-VP
the DT B-NP
tax NN I-NP
rate NN I-NP
to TO B-PP
28 CD B-NP
% NN I-NP
and CC O
exclude VB B-VP
from IN B-PP
tax NN B-NP
the DT B-NP
gain NN I-NP
attributable JJ B-ADJP
to TO B-PP
inflation NN B-NP
. . O

Senators NNS B-NP
are VBP B-VP
focusing VBG I-VP
on IN B-PP
making VBG B-VP
a DT B-NP
capital-gains NNS I-NP
differential JJ I-NP
permanent JJ B-ADJP
. . O

Separately RB B-ADVP
, , O
Chairman NNP B-NP
Dan NNP I-NP
Rostenkowski NNP I-NP
-LRB- ( O
D. NNP B-NP
, , O
Ill NNP B-NP
. . O
-RRB- ) O
of IN B-PP
the DT B-NP
House NNP I-NP
Ways NNPS I-NP
and CC I-NP
Means NNP I-NP
Committee NNP I-NP
said VBD B-VP
he PRP B-NP
did VBD B-VP
n't RB I-VP
want VB I-VP
the DT B-NP
capital-gains NNS I-NP
tax VBP I-NP
cut VB I-NP
or CC O
any DT B-NP
other JJ I-NP
amendments NNS I-NP
attached VBN B-VP
to TO B-PP
the DT B-NP
pending VBG I-NP
bill NN I-NP
raising VBG B-VP
the DT B-NP
federal JJ I-NP
borrowing NN I-NP
limit NN I-NP
. . O

The DT B-NP
current JJ I-NP
debt NN I-NP
limit NN I-NP
expires VBZ B-VP
Oct. NNP B-NP
31 CD I-NP
. . O

He PRP B-NP
also RB B-ADVP
urged VBD B-VP
House NNP B-NP
and CC I-NP
Senate NNP I-NP
negotiators NNS I-NP
to TO B-VP
rid VB I-VP
the DT B-NP
deficit-reduction NN I-NP
bill NN I-NP
of IN B-PP
all DT B-NP
provisions NNS I-NP
that WDT B-NP
increase VBP B-VP
the DT B-NP
budget NN I-NP
deficit NN I-NP
, , O
including VBG B-PP
the DT B-NP
House-passed JJ I-NP
capital-gains NNS I-NP
provision NN I-NP
. . O

From IN B-PP
a DT B-NP
helicopter NN I-NP
a DT B-NP
thousand CD I-NP
feet NNS I-NP
above IN B-PP
Oakland NNP B-NP
after IN B-PP
the DT B-NP
second-deadliest JJ I-NP
earthquake NN I-NP
in IN B-PP
U.S. NNP B-NP
history NN I-NP
, , O
a DT B-NP
scene NN I-NP
of IN B-PP
devastation NN B-NP
emerges VBZ B-VP
: : O
a DT B-NP
freeway NN I-NP
crumbled VBD B-VP
into IN B-PP
a DT B-NP
concrete JJ I-NP
sandwich NN I-NP
, , O
hoses NNS B-NP
pumping VBG B-VP
water NN B-NP
into IN B-PP
once-fashionable JJ B-NP
apartments NNS I-NP
, , O
abandoned VBN B-NP
autos NNS I-NP
. . O

But CC O
this DT B-NP
quake NN I-NP
was VBD B-VP
n't RB O
the DT B-NP
big JJ I-NP
one CD I-NP
, , O
the DT B-NP
replay NN I-NP
of IN B-PP
1906 CD B-NP
that WDT B-NP
has VBZ B-VP
been VBN I-VP
feared VBN I-VP
for IN B-PP
so RB B-NP
many JJ I-NP
years NNS I-NP
. . O

Despite IN B-PP
the DT B-NP
tragic JJ I-NP
loss NN I-NP
of IN B-PP
more JJR B-NP
than IN I-NP
270 CD I-NP
lives NNS I-NP
, , O
and CC O
damage NN B-NP
estimated VBN B-VP
in IN B-PP
the DT B-NP
billions NNS I-NP
, , O
most RBS B-NP
businesses NNS I-NP
and CC O
their PRP$ B-NP
plants NNS I-NP
and CC I-NP
offices NNS I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
were VBD B-VP
n't RB I-VP
greatly RB I-VP
affected VBN I-VP
. . O

The DT B-NP
economic JJ I-NP
life NN I-NP
of IN B-PP
the DT B-NP
region NN I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
revive VB I-VP
in IN B-PP
a DT B-NP
day NN I-NP
or CC I-NP
two CD I-NP
, , O
although IN B-SBAR
some DT B-NP
transportation NN I-NP
problems NNS I-NP
may MD B-VP
last VB I-VP
weeks NNS B-NP
or CC I-NP
months NNS I-NP
. . O

A DT B-NP
main JJ I-NP
factor NN I-NP
mitigating VBG B-VP
more RBR B-NP
widespread JJ I-NP
damage NN I-NP
was VBD B-VP
the DT B-NP
location NN I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
's POS B-NP
epicenter NN I-NP
-- : O
20 CD B-NP
miles NNS I-NP
from IN B-PP
the DT B-NP
heart NN I-NP
of IN B-PP
the DT B-NP
Silicon NNP I-NP
Valley NNP I-NP
and CC B-PP
more JJR B-NP
than IN I-NP
50 CD I-NP
miles NNS I-NP
from IN B-PP
downtown NN B-NP
San NNP I-NP
Francisco NNP I-NP
and CC O
Oakland NNP B-NP
. . O

Also RB B-ADVP
, , O
the DT B-NP
region NN I-NP
's POS B-NP
insistence NN I-NP
on IN B-PP
strict JJ B-NP
building NN I-NP
codes NNS I-NP
helped VBD B-VP
prevent VB I-VP
wider JJR B-NP
damage NN I-NP
. . O

The DT B-NP
tremendous JJ I-NP
energy NN I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
was VBD B-VP
dissipated VBN I-VP
by IN B-PP
the DT B-NP
distance NN I-NP
, , O
so RB B-SBAR
that IN I-SBAR
most RBS B-NP
parts NNS I-NP
of IN B-PP
the DT B-NP
valley NN I-NP
and CC O
the DT B-NP
major JJ I-NP
cities NNS I-NP
suffered VBD B-VP
largely RB B-NP
cosmetic JJ I-NP
damage NN I-NP
-- : O
broken VBN B-NP
windows NNS I-NP
, , O
falling VBG B-NP
brick NN I-NP
and CC I-NP
cornices NNS I-NP
, , O
buckled VBD B-NP
asphalt NN I-NP
or CC I-NP
sidewalks NNS I-NP
. . O

Of IN B-PP
course NN B-NP
, , O
the DT B-NP
quake NN I-NP
was VBD B-VP
the DT B-NP
worst JJS I-NP
since IN B-SBAR
the DT B-NP
emergence NN I-NP
of IN B-PP
the DT B-NP
computer NN I-NP
era NN I-NP
turned VBD B-VP
Silicon NNP B-NP
Valley NNP I-NP
into IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
capital NN I-NP
of IN B-PP
high JJ B-NP
technology NN I-NP
. . O

Like IN B-PP
other JJ B-NP
major JJ I-NP
American JJ I-NP
cities NNS I-NP
, , O
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
-- : I-NP
Oakland NNP I-NP
area NN I-NP
owes VBZ B-VP
its PRP$ B-NP
current JJ I-NP
prosperity NN I-NP
more JJR B-ADVP
to TO B-PP
its PRP$ B-NP
infrastructure NN I-NP
of IN B-PP
fiber-optic JJ B-NP
cables NNS I-NP
linking VBG B-VP
thousands NNS B-NP
of IN B-PP
computer NN B-NP
terminals NNS I-NP
and CC O
telephones NNS B-NP
than IN B-PP
to TO B-PP
its PRP$ B-NP
location NN I-NP
astride IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
world NN I-NP
's POS B-NP
great JJ I-NP
natural JJ I-NP
harbors NNS I-NP
. . O

When WRB B-ADVP
the DT B-NP
tremors NNS I-NP
struck VBD B-VP
, , O
the DT B-NP
region NN I-NP
's POS B-NP
largely RB B-ADJP
unseen JJ I-ADJP
high-tech JJ B-NP
fabric NN I-NP
held VBN B-VP
up IN B-PRT
surprisingly RB B-ADVP
well RB I-ADVP
despite IN B-PP
the DT B-NP
devastation NN I-NP
visible JJ B-ADJP
from IN B-PP
the DT B-NP
air NN I-NP
. . O

Michael NNP B-NP
L. NNP I-NP
Bandler NNP I-NP
, , O
vice NN B-NP
president NN I-NP
for IN B-PP
network NN B-NP
technology NN I-NP
at IN B-PP
Pacific NNP B-NP
Bell NNP I-NP
Telephone NNP I-NP
Co. NNP I-NP
, , O
says VBZ B-VP
nearly RB O
all PDT O
the DT B-NP
network NN I-NP
's POS B-NP
computer NN I-NP
switches NNS I-NP
, , O
which WDT B-NP
move VBP B-VP
thousands NNS B-NP
of IN B-PP
calls VBZ B-NP
a DT B-NP
minute NN I-NP
from IN B-PP
one CD B-NP
location NN I-NP
to TO B-PP
another DT B-NP
, , O
changed VBN B-VP
to TO B-PP
battery NN B-NP
power NN I-NP
when WRB B-ADVP
the DT B-NP
city NN I-NP
lost VBD B-VP
power NN B-NP
. . O

The DT B-NP
battery NN I-NP
packs NNS I-NP
have VBP B-VP
enough JJ B-NP
power NN I-NP
for IN B-PP
only RB B-NP
three CD I-NP
hours NNS I-NP
, , O
but CC O
that DT B-NP
gave VBD B-VP
emergency NN B-NP
crews NNS I-NP
time NN B-NP
to TO B-VP
turn VB I-VP
on IN B-PRT
an DT B-NP
emergency NN I-NP
system NN I-NP
that WDT B-NP
runs VBZ B-VP
primarily RB B-ADVP
on IN B-PP
diesel NN B-NP
fuel NN I-NP
. . O

Of IN B-PP
some DT B-NP
160 CD I-NP
switches NNS I-NP
in IN B-PP
Pacific NNP B-NP
Bell NNP I-NP
's POS B-NP
network NN I-NP
, , O
only RB B-NP
four CD I-NP
went VBD B-VP
down RB B-ADVP
. . O

One CD B-NP
of IN B-PP
those DT B-NP
was VBD B-VP
in IN B-PP
Hollister NNP B-NP
, , O
Calif. NNP B-NP
, , O
near IN B-PP
the DT B-NP
earthquake NN I-NP
's POS B-NP
epicenter NN I-NP
. . O

Few JJ B-NP
telephone NN I-NP
lines NNS I-NP
snapped VBD B-VP
. . O

That DT B-NP
's VBZ B-VP
because IN B-SBAR
the DT B-NP
widely RB I-NP
used VBN I-NP
fiber-optic JJ I-NP
cable NN I-NP
has VBZ B-VP
been VBN I-VP
installed VBN I-VP
underground JJ B-ADVP
with IN B-PP
25 CD B-NP
extra JJ I-NP
feet NNS I-NP
of IN B-PP
cable NN B-NP
between IN B-PP
junction NN B-NP
points NNS I-NP
. . O

The DT B-NP
slack NN I-NP
absorbs VBZ B-VP
the DT B-NP
pulling VBG I-NP
strain NN I-NP
generated VBN B-VP
by IN B-PP
an DT B-NP
earthquake NN I-NP
. . O

Nevertheless RB B-ADVP
, , O
phone NN B-NP
service NN I-NP
was VBD B-VP
sporadic JJ B-ADJP
; : O
many JJ B-NP
computer NN I-NP
terminals NNS I-NP
remained VBD B-VP
dark JJ B-ADJP
, , O
and CC O
by IN B-PP
late JJ B-NP
yesterday NN I-NP
a DT B-NP
third JJ I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
remained VBD B-VP
without IN B-PP
power NN B-NP
. . O

Business NN B-NP
in IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
fourth-largest JJ I-NP
metropolitan JJ I-NP
region NN I-NP
was VBD B-VP
nearly RB I-VP
paralyzed VBN I-VP
; : O
an DT B-NP
estimated VBN I-NP
one CD I-NP
million CD I-NP
members NNS I-NP
of IN B-PP
the DT B-NP
work NN I-NP
force NN I-NP
stayed VBD B-VP
at IN B-PP
home NN B-NP
. . O

The DT B-NP
economic JJ I-NP
dislocation NN I-NP
was VBD B-VP
as RB B-ADJP
abrupt JJ I-ADJP
as IN B-PP
the DT B-NP
earthquake NN I-NP
itself PRP B-NP
, , O
as IN B-SBAR
virtually RB B-NP
all DT I-NP
businesses NNS I-NP
shut VBN B-VP
down RB B-PRT
. . O

The DT B-NP
$ $ I-NP
125-billion-a-year NNP I-NP
Bay NNP I-NP
area NN I-NP
economy NN I-NP
represents VBZ B-VP
one-fourth NN B-NP
of IN B-PP
the DT B-NP
economy NN I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
most RBS B-ADJP
populous JJ I-ADJP
state NN B-NP
and CC O
accounts NNS B-VP
for IN B-PP
2 CD B-NP
% NN I-NP
to TO O
3 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
nation NN I-NP
's POS B-NP
total JJ I-NP
output NN I-NP
of IN B-PP
goods NNS B-NP
and CC I-NP
services NNS I-NP
, , O
according VBG B-PP
to TO B-PP
the DT B-NP
Center NNP I-NP
for IN B-PP
Continuing VBG B-NP
Study NNP I-NP
of IN B-PP
the DT B-NP
California NNP I-NP
Economy NNP I-NP
in IN B-PP
Palo NNP B-NP
Alto NNP I-NP
. . O

In IN B-PP
high-tech JJ B-NP
, , O
the DT B-NP
Bay NNP I-NP
area NN I-NP
accounts NNS B-VP
for IN B-PP
15 CD B-NP
% NN I-NP
to TO O
20 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
U.S. NNP I-NP
computer-related JJ I-NP
industry NN I-NP
. . O

`` `` O
This DT B-NP
has VBZ B-VP
been VBN I-VP
a DT B-NP
major JJ I-NP
disruption NN I-NP
for IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
economy NN I-NP
, , O
'' '' O
says VBZ B-VP
Pauline NNP B-NP
Sweezey NNP I-NP
, , O
the DT B-NP
chief JJ I-NP
economist NN I-NP
at IN B-PP
the DT B-NP
California NNP I-NP
Department NNP I-NP
of IN B-PP
Finance NNP B-NP
. . O

`` `` O
Obviously RB B-ADVP
, , O
things NNS B-NP
are VBP B-VP
going VBG I-VP
to TO I-VP
have VB I-VP
to TO I-VP
go VB I-VP
on IN B-PP
hold NN B-NP
for IN B-PP
many JJ B-NP
companies NNS I-NP
. . O
'' '' O

The DT B-NP
damage NN I-NP
to TO B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
's POS B-NP
roadways NNS I-NP
could MD B-VP
cause VB I-VP
significant JJ B-NP
economic JJ I-NP
hardship NN I-NP
. . O

A DT B-NP
quarter NN I-NP
of IN I-NP
a DT I-NP
million CD I-NP
people NNS I-NP
cross VBP B-VP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
every DT B-NP
day NN I-NP
, , O
far RB B-ADJP
more JJR I-ADJP
than IN B-PP
the DT B-NP
100,000 CD I-NP
that DT B-NP
use NN B-VP
the DT B-NP
Bay NNP I-NP
Area NNP I-NP
Rapid NNP I-NP
Transit NNP I-NP
system NN I-NP
-LRB- ( O
BART NNP B-NP
-RRB- ) O
-- : O
which WDT B-NP
was VBD B-VP
working VBG I-VP
but CC O
was VBD B-VP
n't RB I-VP
stopping VBG I-VP
in IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
Financial NNP I-NP
District NNP I-NP
yesterday NN B-NP
afternoon NN I-NP
because IN B-SBAR
electricity NN B-NP
was VBD B-VP
shut VBN I-VP
off IN B-PRT
and CC O
the DT B-NP
area NN I-NP
was VBD B-VP
being VBG I-VP
checked VBN I-VP
for IN B-PP
gas NN B-NP
leaks NNS I-NP
. . O

California JJ B-NP
state NN I-NP
transportation NN I-NP
officials NNS I-NP
interviewed VBN B-VP
by IN B-PP
telephone NN B-NP
say VBP B-VP
they PRP B-NP
nevertheless RB B-ADVP
do VBP B-VP
n't RB I-VP
expect VB I-VP
serious JJ B-NP
problems NNS I-NP
for IN B-PP
commerce NN B-NP
in IN B-PP
and CC B-PP
out IN B-PP
of IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
. . O

All DT B-NP
major JJ I-NP
roadways NNS I-NP
except IN B-PP
Interstate NNP B-NP
880 CD I-NP
, , O
known VBN B-VP
as IN B-PP
the DT B-NP
Nimitz NNP I-NP
Freeway NNP I-NP
, , O
and CC O
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
were VBD B-VP
open JJ B-ADJP
by IN B-PP
1 CD B-NP
p.m. NN I-NP
yesterday NN B-NP
. . O

Officials NNS B-NP
expect VBP B-VP
difficulty NN B-NP
routing VBG B-VP
traffic NN B-NP
through IN B-PP
downtown NN B-NP
San NNP I-NP
Francisco NNP I-NP
. . O

The DT B-NP
earthquake NN I-NP
caused VBD B-VP
many JJ B-NP
streets NNS I-NP
to TO B-VP
buckle VB I-VP
and CC I-VP
crack NN I-VP
, , O
making VBG B-VP
them PRP B-NP
impassible JJ B-ADJP
. . O

Other JJ B-NP
roads NNS I-NP
were VBD B-VP
obstructed VBN I-VP
by IN B-PP
collapsed JJ B-NP
buildings NNS I-NP
and CC O
damaged VBN B-NP
water NN I-NP
and CC I-NP
power NN I-NP
lines NNS I-NP
, , O
an DT B-NP
emergency NN I-NP
relief NN I-NP
spokesman NN I-NP
says NNS B-VP
. . O

San NNP B-NP
Francisco NNP I-NP
Mayor NNP I-NP
Art NNP I-NP
Agnos NNP I-NP
estimated VBD B-VP
the DT B-NP
damage NN I-NP
to TO B-PP
his PRP$ B-NP
city NN I-NP
alone RB B-ADVP
at IN B-PP
$ $ B-NP
2 CD I-NP
billion CD I-NP
. . O

But CC O
many NN B-NP
predicted VBD B-VP
that IN B-SBAR
the DT B-NP
commercial JJ I-NP
disruption NN I-NP
would MD B-VP
be VB I-VP
short-lived JJ B-ADJP
. . O

Of IN B-PP
the DT B-NP
scores NNS I-NP
of IN B-PP
companies NNS B-NP
contacted VBN B-VP
by IN B-PP
this DT B-NP
newspaper NN I-NP
, , O
few NN B-NP
reported VBD B-VP
any DT B-NP
damage NN I-NP
that IN B-NP
they PRP B-NP
did VBD B-VP
n't RB I-VP
expect VB I-VP
to TO I-VP
have VB I-VP
remedied VBN I-VP
within IN B-PP
a DT B-NP
day NN I-NP
or CC I-NP
two CD I-NP
. . O

It PRP B-NP
is VBZ B-VP
possible JJ B-ADJP
, , O
of IN B-PP
course NN B-NP
, , O
that IN B-SBAR
some DT B-NP
of IN B-PP
the DT O
most RBS B-ADVP
seriously RB I-ADVP
damaged VBN B-NP
companies NNS I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
, , O
particularly RB B-ADVP
in IN B-PP
areas NNS B-NP
nearest JJS B-PP
the DT B-NP
epicenter NN I-NP
. . O

Typical JJ B-ADJP
, , O
perhaps RB B-ADVP
, , O
was VBD B-VP
the DT B-NP
situation NN I-NP
at IN B-PP
New NNP B-NP
United NNP I-NP
Motor NNP I-NP
Manufacturing NNP I-NP
Inc. NNP I-NP
, , O
the DT B-NP
General NNP I-NP
Motors NNPS I-NP
Corp.-Toyota JJ I-NP
joint-venture JJ I-NP
auto NN I-NP
plant NN I-NP
in IN B-PP
Fremont NNP B-NP
, , O
about IN B-NP
35 CD I-NP
miles NNS I-NP
south RB B-ADVP
of IN B-PP
Oakland NNP B-NP
. . O

Ten CD B-NP
of IN B-PP
the DT B-NP
plant NN I-NP
's POS B-NP
workers NNS I-NP
were VBD B-VP
injured VBN I-VP
when WRB B-ADVP
the DT B-NP
quake NN I-NP
hit VBD B-VP
about IN B-NP
a DT I-NP
half-hour NN I-NP
into IN B-PP
the DT B-NP
afternoon NN I-NP
shift NN I-NP
; : O
seven CD B-NP
were VBD B-VP
hospitalized VBN I-VP
. . O

Metal NN B-NP
racks NNS I-NP
on IN B-PP
the DT B-NP
plant NN I-NP
floor NN I-NP
fell VBD B-VP
over IN B-ADVP
, , O
and CC O
water NN B-NP
mains NNS I-NP
ruptured VBN B-VP
, , O
a DT B-NP
spokeswoman NN I-NP
says NNS B-VP
. . O

The DT B-NP
plant NN I-NP
was VBD B-VP
evacuated VBN I-VP
and CC O
workers NNS B-NP
sent VBD B-VP
home NN B-ADVP
. . O

But CC O
the DT B-NP
plant NN I-NP
was VBD B-VP
able JJ B-ADJP
to TO B-VP
resume VB I-VP
limited JJ B-NP
production NN I-NP
of IN B-PP
its PRP$ B-NP
Toyota NNP I-NP
Corollas NNPS I-NP
and CC I-NP
Geo NNP I-NP
Prizms NNPS I-NP
by IN B-PP
6 CD B-NP
a.m. NN I-NP
yesterday NN B-NP
, , O
and CC O
absenteeism NN B-NP
was VBD B-VP
only RB B-NP
7 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
work NN I-NP
force NN I-NP
, , O
about IN B-ADJP
twice RB I-ADJP
normal JJ I-ADJP
. . O

Computer NN B-NP
maker NN I-NP
Hewlett-Packard NNP I-NP
Co. NNP I-NP
, , O
based VBN B-VP
in IN B-PP
Palo NNP B-NP
Alto NNP I-NP
, , O
says VBZ B-VP
one CD B-NP
of IN B-PP
its PRP$ B-NP
buildings NNS I-NP
sustained VBD B-VP
severe JJ B-NP
damage NN I-NP
when WRB B-ADVP
it PRP B-NP
was VBD B-VP
knocked VBN I-VP
off IN B-PP
its PRP$ B-NP
foundation NN I-NP
. . O

Other JJ B-NP
buildings NNS I-NP
had VBD B-VP
broken VBN B-NP
glass NN I-NP
, , O
dangling VBG B-NP
light NN I-NP
fixtures NNS I-NP
and CC O
broken VBN B-NP
pipes NNS I-NP
, , O
a DT B-NP
spokesperson NN I-NP
says VBZ B-VP
, , O
estimating VBG B-VP
the DT B-NP
cost NN I-NP
of IN B-PP
reconstruction NN B-NP
`` `` O
in IN B-PP
the DT B-NP
millions NNS I-NP
. . O
'' '' O

Most JJS B-NP
banks NNS I-NP
were VBD B-VP
closed VBN B-ADJP
but CC O
were VBD B-VP
expected VBN I-VP
to TO I-VP
reopen VB I-VP
today NN B-NP
with IN B-SBAR
few JJ B-NP
problems NNS I-NP
anticipated VBN B-VP
. . O

At IN B-PP
the DT B-NP
Federal NNP I-NP
Reserve NNP I-NP
Bank NNP I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
Vice NNP B-NP
President NNP I-NP
Robert NNP I-NP
Fienberg NNP I-NP
says VBZ B-VP
operations NNS B-NP
were VBD B-VP
`` `` O
steaming VBG B-VP
along IN B-ADVP
as IN B-PP
usual JJ B-ADJP
'' '' O
yesterday NN B-NP
afternoon NN I-NP
. . O

` `` O
When WRB B-ADVP
the DT B-NP
quake NN I-NP
hit VBD B-VP
, , O
we PRP B-NP
turned VBD B-VP
on IN B-PRT
our PRP$ B-NP
emergency NN I-NP
generator NN I-NP
and CC O
brought VBN B-VP
our PRP$ B-NP
computers NNS I-NP
up IN B-PRT
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

The DT B-NP
Fed NNP I-NP
serves VBZ B-VP
as IN B-PP
a DT B-NP
middleman NN I-NP
for IN B-PP
banks NNS B-NP
, , O
taking VBG B-VP
checks NNS B-NP
from IN B-PP
one CD B-NP
bank NN I-NP
and CC O
sending VBG B-VP
them PRP B-NP
to TO B-PP
another DT B-NP
, , O
an DT B-NP
operation NN I-NP
that IN B-NP
it PRP B-NP
handled VBD B-VP
smoothly RB B-ADVP
Tuesday NNP B-NP
night NN I-NP
after IN B-PP
the DT B-NP
quake NN I-NP
. . O

`` `` O
The DT B-NP
volume NN I-NP
we PRP B-NP
received VBD B-VP
from IN B-PP
the DT B-NP
banks NNS I-NP
was VBD B-VP
a DT B-NP
lot NN I-NP
lower JJR B-ADJP
than IN B-PP
usual JJ B-ADJP
, , O
'' '' O
he PRP B-NP
says VBZ B-VP
. . O

A DT B-NP
disaster-contingency NN I-NP
plan NN I-NP
in IN B-PP
which WDT B-NP
the DT B-NP
Los NNP I-NP
Angeles NNP I-NP
Fed NNP I-NP
would MD B-VP
come VB I-VP
to TO B-PP
San NNP B-NP
Francisco NNP I-NP
's POS B-NP
aid NN I-NP
was VBD B-VP
n't RB I-VP
needed VBN I-VP
, , O
he PRP B-NP
adds VBZ B-VP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
telephone NN I-NP
problems NNS I-NP
in IN B-PP
the DT B-NP
immediate JJ I-NP
aftermath NN I-NP
stemmed VBD B-VP
from IN B-PP
congestion NN B-NP
. . O

The DT B-NP
telephone NN I-NP
network NN I-NP
simply RB B-ADVP
could MD B-VP
n't RB I-VP
handle VB I-VP
the DT B-NP
large JJ I-NP
number NN I-NP
of IN B-PP
people NNS B-NP
seeking VBG B-VP
to TO I-VP
make VB I-VP
a DT B-NP
call NN I-NP
at IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
. . O

The DT B-NP
volume NN I-NP
resulted VBD B-VP
in IN B-PP
dial-tone NN B-NP
delays NNS I-NP
that WDT B-NP
were VBD B-VP
as RB B-ADJP
short JJ I-ADJP
as IN B-PP
15 CD B-NP
seconds NNS I-NP
and CC O
as RB B-ADJP
long RB I-ADJP
as IN B-PP
five CD B-NP
minutes NNS I-NP
. . O

Mr. NNP B-NP
Bandler NNP I-NP
puts VBZ B-VP
traffic NN B-NP
volume NN I-NP
at IN B-PP
10 CD B-NP
to TO I-NP
50 CD I-NP
times NNS I-NP
normal JJ I-NP
. . O

American NNP B-NP
Telephone NNP I-NP
& CC I-NP
Telegraph NNP I-NP
Co. NNP I-NP
, , O
MCI NNP B-NP
Communications NNP I-NP
Inc. NNP I-NP
and CC O
United NNP B-NP
Telecommunications NNP I-NP
' POS B-NP
U NNP I-NP
S NNP I-NP
Sprint NNP I-NP
unit NN I-NP
were VBD B-VP
blocking VBG I-VP
phone NN B-NP
calls NNS I-NP
into IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
to TO B-VP
alleviate VB I-VP
congestion NN B-NP
. . O

The DT B-NP
companies NNS I-NP
block VBP B-VP
traffic NN B-NP
much JJ B-SBAR
as IN I-SBAR
highway NN B-NP
on-ramps NNS I-NP
are VBP B-VP
blocked VBN I-VP
when WRB B-ADVP
traffic NN B-NP
backs NNS B-VP
up RB B-PRT
. . O

William NNP B-NP
E. NNP I-NP
Downing NNP I-NP
, , O
Pacific NNP B-NP
Bell NNP I-NP
's POS B-NP
vice NN I-NP
president NN I-NP
of IN B-PP
customer NN B-NP
services NNS I-NP
for IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
, , O
says VBZ B-VP
most RBS B-NP
long-distance JJ I-NP
companies NNS I-NP
were VBD B-VP
blocking VBG I-VP
about IN B-NP
50 CD I-NP
% NN I-NP
of IN B-PP
all DT B-NP
calls VBZ I-NP
. . O

Pacific NNP B-NP
Telesis NNP I-NP
says VBZ B-VP
its PRP$ B-NP
Pacific NNP I-NP
Bell NNP I-NP
unit NN I-NP
also RB B-ADVP
was VBD B-VP
blocking VBG I-VP
about IN B-NP
50 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
calls NNS I-NP
locally RB B-ADVP
. . O

Ironically RB B-ADVP
, , O
the DT B-NP
long-term JJ I-NP
effect NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
may MD B-VP
be VB I-VP
to TO B-VP
bolster VB I-VP
the DT B-NP
Bay NNP I-NP
area NN I-NP
's POS B-NP
economic JJ I-NP
fortunes NNS I-NP
and CC O
, , O
indeed RB B-ADVP
, , O
the DT B-NP
nation NN I-NP
's POS B-NP
gross JJ I-NP
national JJ I-NP
product NN I-NP
. . O

It PRP B-NP
may MD B-VP
also RB I-VP
lead VB I-VP
to TO B-PP
new JJ B-NP
safeguards NNS I-NP
in IN B-PP
major JJ B-NP
construction NN I-NP
projects NNS I-NP
such JJ B-PP
as IN I-PP
double-deck JJ B-NP
highways NNS I-NP
. . O

`` `` O
It PRP B-NP
would MD B-VP
in IN B-PP
the DT B-NP
near-term JJ I-NP
give NN B-VP
a DT B-NP
boost NN I-NP
to TO B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
economy NN I-NP
because IN B-SBAR
there EX B-NP
will MD B-VP
be VB I-VP
an DT B-NP
influx NN I-NP
of IN B-PP
people NNS B-NP
to TO B-VP
help VB I-VP
, , O
'' '' O
says VBZ B-VP
Beth NNP B-NP
Burnham NNP I-NP
Mace NNP I-NP
, , O
a DT B-NP
regional JJ I-NP
economist NN I-NP
at IN B-PP
DRI\/McGraw NNP B-NP
Hill NNP I-NP
, , O
a DT B-NP
Lexington NNP I-NP
, , I-NP
Mass. NNP I-NP
, , I-NP
forecasting NN I-NP
firm NN I-NP
. . O

The DT B-NP
construction NN I-NP
industry NN I-NP
is VBZ B-VP
sure JJ B-ADJP
to TO B-VP
feel VB I-VP
increased VBN B-NP
demand NN I-NP
. . O

`` `` O
There EX B-NP
will MD B-VP
be VB I-VP
a DT B-NP
big JJ I-NP
influx NN I-NP
of IN B-PP
federal JJ B-NP
dollars NNS I-NP
and CC O
gains NNS B-NP
in IN B-PP
state NN B-NP
, , I-NP
federal JJ I-NP
and CC I-NP
local JJ I-NP
employment NN I-NP
, , O
'' '' O
Ms. NNP B-NP
Mace NNP I-NP
says VBZ B-VP
. . O

Adds VBZ B-VP
Stacy NNP B-NP
Kotman NNP I-NP
, , O
an DT B-NP
economist NN I-NP
at IN B-PP
Georgia NNP B-NP
State NNP I-NP
University NNP I-NP
, , O
`` `` O
There EX B-NP
's VBZ B-VP
nothing NN B-NP
positive JJ B-ADJP
about IN B-PP
an DT B-NP
earthquake NN I-NP
, , O
but CC O
it PRP B-NP
will MD B-VP
probably RB I-VP
generate VB I-VP
more JJR B-NP
construction NN I-NP
activity NN I-NP
. . O
'' '' O

Wall NNP B-NP
Street NNP I-NP
reacted VBD B-VP
swiftly RB B-ADVP
yesterday NN B-NP
to TO B-PP
the DT B-NP
disaster NN I-NP
by IN B-PP
bidding NN B-VP
up IN B-ADVP
stocks NNS B-NP
of IN B-PP
construction NN B-NP
and CC I-NP
related VBN I-NP
companies NNS I-NP
. . O

Shares NNS B-NP
of IN B-PP
Lone NNP B-NP
Star NNP I-NP
Industries NNP I-NP
Inc. NNP I-NP
, , O
a DT B-NP
cement NN I-NP
maker NN I-NP
, , O
rose VBD B-VP
sharply RB B-ADVP
in IN B-PP
anticipation NN B-NP
of IN B-PP
stepped-up JJ B-NP
demand NN I-NP
. . O

In IN B-PP
Greenwich NNP B-NP
, , O
Conn. NNP B-NP
, , O
Lone NNP B-NP
Star NNP I-NP
spokesman NN I-NP
Michael NNP I-NP
London NNP I-NP
says VBZ B-VP
, , O
`` `` O
Obviously RB B-ADVP
with IN B-PP
an DT B-NP
earthquake NN I-NP
of IN B-PP
this DT B-NP
size NN I-NP
, , O
there EX B-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
construction NN B-NP
projects NNS I-NP
that WDT B-NP
would MD B-VP
n't RB I-VP
otherwise RB I-VP
have VB I-VP
been VBN I-VP
anticipated VBN I-VP
. . O

But CC O
any DT B-NP
increase NN I-NP
is VBZ B-VP
n't RB O
likely JJ B-ADJP
to TO B-VP
be VB I-VP
any DT B-NP
kind NN I-NP
of IN B-PP
a DT B-NP
surge NN I-NP
. . O

It PRP B-NP
's VBZ B-VP
something NN B-NP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
spread VBN I-VP
out IN B-ADVP
over IN B-PP
a DT B-NP
long JJ I-NP
period NN I-NP
of IN B-PP
time NN B-NP
. . O

There EX B-NP
will MD B-VP
be VB I-VP
a DT B-NP
lot NN I-NP
of IN B-PP
repair NN B-NP
work NN I-NP
that WDT B-NP
wo MD B-VP
n't RB I-VP
require VB I-VP
the DT B-NP
quantities NNS I-NP
of IN B-PP
cement NN B-NP
or CC I-NP
concrete JJ I-NP
that IN B-NP
new JJ B-NP
constructon NN I-NP
would MD B-VP
. . O
'' '' O

Lone NNP B-NP
Star NNP I-NP
's POS B-NP
San NNP I-NP
Francisco NNP I-NP
facilities NNS I-NP
were VBD B-VP
n't RB I-VP
damaged VBN I-VP
in IN B-PP
the DT B-NP
quake NN I-NP
. . O

The DT B-NP
earthquake NN I-NP
is VBZ B-VP
likely JJ B-ADJP
to TO B-VP
reduce VB I-VP
GNP NNP B-NP
negligibly RB B-ADVP
in IN B-PP
the DT B-NP
near JJ I-NP
term NN I-NP
and CC O
then RB O
could MD B-VP
raise VB I-VP
it PRP B-NP
a DT B-NP
bit NN I-NP
as IN B-SBAR
rebuilding VBG B-NP
begins VBZ B-VP
. . O

The DT B-NP
first JJ I-NP
effects NNS I-NP
are VBP B-VP
, , O
of IN B-PP
course NN B-NP
, , O
negative JJ B-ADJP
as IN B-SBAR
work NN B-NP
is VBZ B-VP
disrupted VBN I-VP
and CC O
people NNS B-NP
lose VBP B-VP
income NN B-NP
and CC O
cut VB B-VP
spending NN B-NP
. . O

Corporate JJ B-NP
profits NNS I-NP
may MD B-VP
also RB I-VP
dip VB I-VP
initially RB B-ADVP
. . O

Many JJ B-NP
of IN B-PP
the DT B-NP
lost VBN I-NP
tourism NN I-NP
dollars NNS I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
recovered VBN I-VP
; : O
many JJ B-NP
trips NNS I-NP
delayed VBN B-VP
never RB B-ADVP
take VB B-VP
place NN B-NP
. . O

Subsequently RB B-ADVP
, , O
however RB B-ADVP
, , O
the DT B-NP
ill JJ I-NP
effects NNS I-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
be VB I-VP
offset VB I-VP
, , O
at IN B-ADVP
least JJS I-ADVP
in IN B-PP
economic JJ B-NP
terms NNS I-NP
, , O
as IN B-SBAR
construction NN B-NP
activity NN I-NP
begins VBZ B-VP
. . O

Because IN B-PP
of IN I-PP
the DT B-NP
way NN I-NP
the DT B-NP
government NN I-NP
keeps VBZ B-VP
its PRP$ B-NP
books NNS I-NP
, , O
the DT B-NP
damage NN I-NP
to TO B-PP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
, , O
however RB B-ADJP
costly JJ I-ADJP
, , O
wo MD B-VP
n't RB I-VP
be VB I-VP
counted VBN I-VP
as IN B-PP
a DT B-NP
minus CC I-NP
. . O

The DT B-NP
money NN I-NP
spent VBD B-VP
on IN B-PP
repairs NNS B-NP
will MD B-VP
be VB I-VP
counted VBN I-VP
as IN B-PP
a DT B-NP
plus CC I-NP
. . O

`` `` O
It PRP B-NP
's VBZ B-VP
very RB B-ADJP
difficult JJ I-ADJP
to TO B-VP
model VB I-VP
the DT B-NP
long-term JJ I-NP
impact NN I-NP
of IN B-PP
this DT B-NP
, , O
'' '' O
says VBZ B-VP
Andrew NNP B-NP
Goldberg NNP I-NP
, , O
who WP B-NP
studies VBZ B-VP
the DT B-NP
public-policy NN I-NP
and CC I-NP
crisis-management JJ I-NP
aspects NNS I-NP
of IN B-PP
earthquakes NNS B-NP
at IN B-PP
the DT B-NP
Center NNP I-NP
for IN B-PP
Strategic NNP B-NP
International NNP I-NP
Studies NNS I-NP
in IN B-PP
Washington NNP B-NP
, , O
D.C NNP B-NP
. . O

`` `` O
You PRP B-NP
certainly RB B-ADVP
can MD B-VP
say VB I-VP
it PRP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
extremely RB B-ADJP
severe JJ I-ADJP
. . O

We PRP B-NP
really RB B-ADVP
are VBP B-VP
talking VBG I-VP
about IN B-PP
shutting VBG B-VP
down RP B-PRT
a DT B-NP
major JJ I-NP
American JJ I-NP
city NN I-NP
for IN B-PP
a DT B-NP
number NN I-NP
of IN B-PP
days NNS B-NP
, , O
maybe RB B-ADVP
for IN B-PP
a DT B-NP
few JJ I-NP
weeks NNS I-NP
. . O
'' '' O

Mr. NNP B-NP
Goldberg NNP I-NP
says VBZ B-VP
the DT B-NP
cost NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
will MD B-VP
definitely RB I-VP
top JJ I-VP
$ $ B-NP
1 CD I-NP
billion CD I-NP
and CC O
could MD B-VP
reach VB I-VP
$ $ B-NP
4 CD I-NP
billion CD I-NP
. . O

He PRP B-NP
cautions VBZ B-VP
that IN B-SBAR
early JJ B-NP
damage NN I-NP
estimates NNS I-NP
are VBP B-VP
often RB B-ADVP
low JJ B-ADJP
; : O
the DT B-NP
damage NN I-NP
totals VBZ I-NP
in IN B-PP
Hurricane NNP B-NP
Hugo NNP I-NP
increased VBD B-VP
tenfold RB B-ADVP
as IN B-SBAR
more JJR B-NP
information NN I-NP
was VBD B-VP
received VBN I-VP
. . O

The DT B-NP
earthquake NN I-NP
damage NN I-NP
, , O
of IN B-PP
course NN B-NP
, , O
would MD B-VP
have VB I-VP
been VBN I-VP
far RB B-ADJP
greater JJR I-ADJP
if IN B-SBAR
the DT B-NP
epicenter NN I-NP
had VBD B-VP
been VBN I-VP
in IN B-PP
downtown NN B-NP
San NNP I-NP
Francisco NNP I-NP
. . O

A DT B-NP
direct JJ I-NP
hit VBD I-NP
on IN B-PP
a DT B-NP
major JJ I-NP
city NN I-NP
, , O
Mr. NNP B-NP
Goldberg NNP I-NP
figures VBZ B-VP
, , O
would MD B-VP
cause VB I-VP
$ $ B-NP
20 CD I-NP
billion CD I-NP
to TO O
$ $ B-NP
40 CD I-NP
billion CD I-NP
of IN B-PP
damage NN B-NP
. . O

Experts NNS B-NP
caution VBP B-VP
that IN B-SBAR
it PRP B-NP
is VBZ B-VP
far RB B-ADVP
too RB I-ADVP
soon RB I-ADVP
for IN B-PP
reliable JJ B-NP
estimates NNS I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
's POS B-NP
total JJ I-NP
damage NN I-NP
, , O
but CC O
it PRP B-NP
's VBZ B-VP
clear JJ B-ADJP
that IN B-SBAR
insurers NNS B-NP
are VBP B-VP
likely JJ B-ADJP
to TO B-VP
pay VB I-VP
out RP B-PRT
enormous JJ B-NP
sums NNS I-NP
. . O

Jack NNP B-NP
Byrne NNP I-NP
, , O
the DT B-NP
chairman NN I-NP
of IN B-PP
Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
Corp. NNP I-NP
, , O
which WDT B-NP
is VBZ B-VP
based VBN I-VP
in IN B-PP
Novato NNP B-NP
, , O
Calif. NNP B-NP
, , O
estimates NNS B-VP
insured VBD B-NP
losses NNS I-NP
resulting VBG B-VP
the DT B-NP
earthquake NN I-NP
could MD B-VP
total VB I-VP
$ $ B-NP
2 CD I-NP
billion CD I-NP
. . O

The DT B-NP
impact NN I-NP
on IN B-PP
the DT B-NP
insurance NN I-NP
industry NN I-NP
`` `` O
will MD B-VP
be VB I-VP
big JJ B-ADJP
and CC I-ADJP
harsh JJ I-ADJP
, , O
but CC O
less JJR B-ADJP
than IN B-PP
-LCB- ( B-NP
Hurricane NNP I-NP
-RCB- ) I-NP
Hugo NNP I-NP
, , O
'' '' O
says VBZ B-VP
Mr. NNP B-NP
Byrne NNP I-NP
, , O
who WP B-NP
toured VBD B-VP
the DT B-NP
Bay NNP I-NP
area NN I-NP
by IN B-PP
car NN B-NP
yesterday NN B-NP
afternoon NN I-NP
to TO B-VP
get VB I-VP
a DT B-NP
sense NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
exposure NN I-NP
to TO B-PP
the DT B-NP
earthquake NN I-NP
. . O

Mr. NNP B-NP
Byrne NNP I-NP
says VBZ B-VP
Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
will MD B-VP
probably RB I-VP
pay VB I-VP
hundreds NNS B-NP
of IN B-PP
millions NNS B-NP
in IN B-PP
primary JJ B-NP
claims NNS I-NP
, , O
but CC O
, , O
after IN B-PP
taxes NNS B-NP
and CC O
use NN B-NP
of IN B-PP
its PRP$ B-NP
reinsurance NN I-NP
lines NNS I-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
fourthquarter NN I-NP
charge NN I-NP
against IN B-PP
earnings NNS B-NP
should MD B-VP
n't RB I-VP
top JJ I-VP
$ $ B-NP
50 CD I-NP
million CD I-NP
. . O

The DT B-NP
company NN I-NP
was VBD B-VP
able JJ B-ADJP
to TO B-VP
assess VB I-VP
its PRP$ B-NP
damage NN I-NP
liability NN I-NP
quickly RB B-ADVP
because IN B-SBAR
it PRP B-NP
has VBZ B-VP
computerized JJ B-NP
maps NNS I-NP
of IN B-PP
Northern NNP B-NP
California NNP I-NP
showing VBG B-VP
the DT B-NP
exact JJ I-NP
locations NNS I-NP
of IN B-PP
all PDT B-NP
the DT I-NP
property NN I-NP
it PRP B-NP
insures VBZ B-VP
. . O

Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
had VBD B-VP
claims NNS B-NP
adjusters NNS I-NP
on IN B-PP
the DT B-NP
streets NNS I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
right NN B-ADVP
after IN B-PP
sunrise NN B-NP
yesterday NN B-NP
and CC O
was VBD B-VP
paying VBG I-VP
as IN B-NP
many JJ I-NP
claims NNS I-NP
as IN B-SBAR
it PRP B-NP
could MD B-VP
right VB B-ADVP
on IN B-PP
the DT B-NP
spot NN I-NP
. . O

Fireman NNP B-NP
's POS B-NP
Fund NNP I-NP
insures VBZ B-VP
37,300 CD B-NP
homes NNS I-NP
and CC I-NP
autos NNS I-NP
and CC O
35,000 CD B-NP
businesses NNS I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
. . O

In IN B-PP
addition NN B-NP
to TO B-PP
paying VBG B-VP
for IN B-PP
earthquake NN B-NP
and CC I-NP
fire NN I-NP
damage NN I-NP
, , O
the DT B-NP
insurer NN I-NP
must MD B-VP
cover VB I-VP
worker-compensation NN B-NP
claims NNS I-NP
and CC O
also RB B-ADVP
losses NNS B-NP
due JJ B-ADJP
to TO B-PP
businesses NNS B-NP
being VBG B-VP
shut VBN I-VP
down RB B-ADVP
by IN B-PP
lack NN B-NP
of IN B-PP
power NN B-NP
or CC O
phone NN B-NP
service NN I-NP
. . O

But CC O
many JJ B-NP
Californians NNS I-NP
may MD B-VP
not RB I-VP
have VB I-VP
adequate JJ B-NP
insurance NN I-NP
coverage NN I-NP
to TO B-VP
pay VB I-VP
for IN B-PP
damages NNS B-NP
to TO B-PP
their PRP$ B-NP
property NN I-NP
. . O

The DT B-NP
Independent NNP I-NP
Insurance NNP I-NP
Agents NNS I-NP
of IN B-PP
America NNP B-NP
says VBZ B-VP
fewer JJR B-NP
than IN I-NP
one CD I-NP
of IN I-NP
every DT I-NP
five CD I-NP
California NNP I-NP
homeowners NNS I-NP
has VBZ B-VP
earthquake NN B-NP
insurance NN I-NP
. . O

A DT B-NP
somewhat RB I-NP
higher JJR I-NP
percentage NN I-NP
of IN B-PP
people NNS B-NP
living VBG B-VP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
have VBP B-VP
bought VBN I-VP
the DT B-NP
additional JJ I-NP
insurance NN I-NP
protection NN I-NP
, , O
but CC O
the DT B-NP
great JJ I-NP
majority NN I-NP
are VBP B-VP
n't RB I-VP
covered VBN I-VP
. . O

Earthquake NN B-NP
insurance NN I-NP
typically RB B-ADVP
runs VBZ B-VP
$ $ B-NP
200 CD I-NP
or CC I-NP
more JJR I-NP
a DT B-NP
year NN I-NP
for IN B-PP
a DT B-NP
small JJ I-NP
house NN I-NP
. . O

Whatever WDT B-NP
the DT B-NP
long-term JJ I-NP
economic JJ I-NP
effect NN I-NP
, , O
the DT B-NP
scene NN I-NP
from IN B-PP
the DT B-NP
helicopter NN I-NP
above IN B-PP
Oakland NNP B-NP
is VBZ B-VP
one CD B-NP
of IN B-PP
tragedy NN B-NP
. . O

Gargantuan JJ B-NP
sections NNS I-NP
of IN B-PP
a DT B-NP
double-decker JJ I-NP
freeway NN I-NP
have VBP B-VP
been VBN I-VP
heaved VBN I-VP
about IN B-PRT
like IN B-PP
plastic NN B-NP
building NN I-NP
blocks NNS I-NP
. . O

Atop IN B-PP
them PRP B-NP
sit VBP B-VP
cars NNS B-NP
and CC I-NP
trucks NNS I-NP
abandoned VBN B-VP
in IN B-PP
a DT B-NP
terrifying JJ I-NP
scramble NN I-NP
to TO B-VP
safety VB I-VP
the DT B-NP
day NN I-NP
before RB I-NP
. . O

In IN B-PP
areas NNS B-NP
where WRB B-ADVP
the DT B-NP
freeway NN I-NP
made VBD B-VP
giant NN B-NP
concrete JJ I-NP
sandwiches NNS I-NP
of IN B-PP
itself PRP B-NP
lie VBP B-VP
cars NNS B-NP
that WDT B-NP
police NN B-NP
say VBP B-VP
have VBP B-VP
been VBN I-VP
flattened VBN I-VP
into IN B-PP
foot-thick JJ B-NP
slabs NNS I-NP
. . O

On IN B-PP
the DT B-NP
periphery NN I-NP
, , O
rescue NN B-NP
workers NNS I-NP
seem VBP B-VP
, , O
from IN B-PP
the DT B-NP
air NN I-NP
, , O
to TO B-VP
move VB I-VP
in IN B-PP
slow JJ B-NP
motion NN I-NP
. . O

They PRP B-NP
peck VBP B-VP
away RB B-ADVP
at IN B-PP
the DT B-NP
1 CD I-NP
1\/2-mile JJ I-NP
section NN I-NP
of IN B-PP
rubble NN B-NP
, , O
searching VBG B-VP
for IN B-PP
more JJR B-NP
of IN B-PP
the DT B-NP
250 CD I-NP
people NNS I-NP
thought VBD B-VP
to TO I-VP
have VB I-VP
died VBN I-VP
here RB B-ADVP
. . O

About IN B-NP
20 CD I-NP
other JJ I-NP
deaths NNS I-NP
were VBD B-VP
also RB I-VP
attributed VBN I-VP
to TO B-PP
the DT B-NP
earthquake NN I-NP
. . O

The DT B-NP
heart NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
, , O
6.9 CD B-NP
on IN B-PP
the DT B-NP
Richter NNP I-NP
scale NN I-NP
, , O
was VBD B-VP
50 CD B-NP
miles NNS I-NP
to TO B-PP
the DT B-NP
south RB I-NP
, , O
near IN B-PP
Santa NNP B-NP
Cruz NNP I-NP
, , O
but CC O
its PRP$ B-NP
terrible JJ I-NP
fist NN I-NP
struck VBD B-VP
here RB B-ADVP
on IN B-PP
the DT B-NP
Nimitz NNP I-NP
Freeway NNP I-NP
, , O
a DT B-NP
major JJ I-NP
artery NN I-NP
serving VBG B-VP
the DT B-NP
Bay NNP I-NP
Bridge NNP I-NP
between IN B-PP
Oakland NNP B-NP
and CC O
San NNP B-NP
Francisco NNP I-NP
. . O

Along IN B-PP
the DT B-NP
way NN I-NP
, , O
the DT B-NP
quake NN I-NP
toppled VBD B-VP
a DT B-NP
mall NN I-NP
in IN B-PP
Santa NNP B-NP
Cruz NNP I-NP
, , O
knocked VBD B-VP
down JJ B-PRT
buildings NNS B-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
's POS B-NP
fashionable JJ I-NP
Marina NNP I-NP
District NNP I-NP
and CC O
sent VBD B-VP
a DT B-NP
wall NN I-NP
of IN B-PP
bricks NNS B-NP
crashing VBG B-VP
on IN B-PP
motorists NNS B-NP
in IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
Financial NNP I-NP
District NNP I-NP
. . O

Just RB B-NP
a DT I-NP
short JJ I-NP
span NN I-NP
across IN B-PP
the DT B-NP
bay NN I-NP
to TO B-PP
the DT B-NP
west NN I-NP
, , O
the DT B-NP
quake NN I-NP
also RB B-ADVP
showed VBD B-VP
its PRP$ B-NP
mettle NN I-NP
: : O
A DT B-NP
four-square-block JJ I-NP
area NN I-NP
of IN B-PP
the DT B-NP
Marina NNP I-NP
District NNP I-NP
lies VBZ B-VP
smoldering VBG B-VP
under IN B-PP
a DT B-NP
steady JJ I-NP
stream NN I-NP
of IN B-PP
seawater NN B-NP
being VBG B-VP
pumped VBN I-VP
onto IN B-PP
rubble NN B-NP
to TO B-VP
prevent VB I-VP
it PRP B-NP
from IN B-PP
blazing VBG B-VP
anew RB B-ADVP
. . O

Many JJ B-NP
of IN B-PP
the DT B-NP
buildings NNS I-NP
, , O
mostly JJ B-NP
condominiums NNS I-NP
and CC I-NP
apartments NNS I-NP
, , O
were VBD B-VP
flattened VBN I-VP
almost RB B-ADVP
instantly RB I-ADVP
as IN B-SBAR
the DT B-NP
underlying VBG I-NP
soil NN I-NP
-- : O
much NN B-NP
of IN B-PP
it PRP B-NP
landfill NN B-NP
-- : O
was VBD B-VP
literally RB I-VP
turned VBN I-VP
to TO B-PP
ooze VB B-NP
by IN B-PP
the DT B-NP
quake NN I-NP
's POS B-NP
intensive JJ I-NP
shaking NN I-NP
, , O
rupturing VBG B-VP
gas NN B-NP
lines NNS I-NP
. . O

Onlookers NNS B-NP
say VBP B-VP
three CD B-NP
persons NNS I-NP
died VBD B-VP
when WRB B-ADVP
one CD B-NP
of IN B-PP
the DT B-NP
buildings NNS I-NP
exploded VBD B-VP
into IN B-PP
a DT B-NP
fireball NN I-NP
shortly RB B-ADVP
after IN B-SBAR
the DT B-NP
quake NN I-NP
struck VBD B-VP
. . O

Efforts NNS B-NP
to TO B-VP
fight VB I-VP
the DT B-NP
blaze NN I-NP
were VBD B-VP
hampered VBN I-VP
because IN B-SBAR
water NN B-NP
mains NNS I-NP
were VBD B-VP
severed VBN I-VP
as IN B-ADVP
well RB I-ADVP
. . O

From IN B-PP
the DT B-NP
air NN I-NP
, , O
ribbons NNS B-NP
of IN B-PP
yellow JJ B-NP
fire NN I-NP
hose NN I-NP
carry NN B-VP
water NN B-NP
from IN B-PP
the DT B-NP
bay NN I-NP
to TO B-PP
high-pressure JJ B-NP
nozzles NNS I-NP
trained VBN B-VP
on IN B-PP
the DT B-NP
site NN I-NP
. . O

As IN B-SBAR
onlookers NNS B-NP
stand VBP B-VP
behind IN B-PP
barricades NNS B-NP
, , O
helmeted JJ B-NP
firemen NNS I-NP
and CC I-NP
building NN I-NP
inspectors NNS I-NP
survey VBP B-VP
rows NNS B-NP
of IN B-PP
nearby JJ B-NP
buildings NNS I-NP
that WDT B-NP
were VBD B-VP
twisted VBN I-VP
from IN B-PP
their PRP$ B-NP
foundations NNS I-NP
and CC O
seem VB B-VP
on IN B-PP
the DT B-NP
verge NN I-NP
of IN B-PP
collapse NN B-NP
. . O

In IN B-PP
the DT B-NP
Marina NNP I-NP
District NNP I-NP
, , O
residents NNS B-NP
spent VBD B-VP
yesterday NN B-NP
assessing VBG B-VP
damage NN B-NP
, , O
cleaning NN B-VP
up IN B-PRT
and CC O
trying VBG B-VP
to TO I-VP
find VB I-VP
friends NNS B-NP
and CC I-NP
neighbors NNS I-NP
. . O

Evelyn NNP B-NP
Boccone NNP I-NP
, , O
85 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
has VBZ B-VP
lived VBN I-VP
in IN B-PP
the DT B-NP
district NN I-NP
most RBS B-NP
of IN B-PP
her PRP$ B-NP
life NN I-NP
. . O

Her PRP$ B-NP
parents NNS I-NP
lost VBD B-VP
everything NN B-NP
in IN B-PP
the DT B-NP
1906 CD I-NP
earthquake NN I-NP
. . O

`` `` O
Now RB B-ADVP
, , O
we PRP B-NP
realize VBP B-VP
what WP B-NP
our PRP$ B-NP
mothers NNS I-NP
must MD B-VP
have VB I-VP
gone VBN I-VP
through IN B-PP
, , O
'' '' O
she PRP B-NP
says VBZ B-VP
. . O

`` `` O
We PRP B-NP
always RB B-ADVP
heard VBD B-VP
about IN B-PP
the DT B-NP
earthquake NN I-NP
, , O
but CC O
as IN B-PP
children NNS B-NP
we PRP B-NP
did VBD B-VP
n't RB I-VP
always RB I-VP
listen VB I-VP
. . O

PRINCE NNP B-NP
HENRI NNP I-NP
is VBZ B-VP
the DT B-NP
crown NN I-NP
prince NN I-NP
and CC I-NP
hereditary JJ I-NP
grand JJ I-NP
duke NN I-NP
of IN B-PP
Luxembourg NNP B-NP
. . O

An DT B-NP
article NN I-NP
in IN B-PP
the DT B-NP
World NNP I-NP
Business NNP I-NP
Report NNP I-NP
of IN B-PP
Sept. NNP B-NP
22 CD I-NP
editions NNS I-NP
incorrectly RB B-VP
referred VBN I-VP
to TO B-PP
his PRP$ B-NP
father NN I-NP
, , O
Grand NNP B-NP
Duke NNP I-NP
Jean NNP I-NP
, , O
as IN B-PP
the DT B-NP
crown NN I-NP
prince NN I-NP
. . O

Resolution NNP B-NP
Funding NNP I-NP
Corp. NNP I-NP
plans VBZ B-VP
to TO I-VP
sell VB I-VP
$ $ B-NP
4.5 CD I-NP
billion CD I-NP
of IN B-PP
30-year JJ B-NP
bonds NNS I-NP
Wednesday NNP B-NP
in IN B-PP
the DT B-NP
agency NN I-NP
's POS B-NP
first JJ I-NP
sale NN I-NP
of IN B-PP
securities NNS B-NP
. . O

The DT B-NP
new JJ I-NP
bonds NNS I-NP
will MD B-VP
be VB I-VP
dated VBN I-VP
Oct. NNP B-NP
30 CD I-NP
and CC O
mature NNP B-VP
Oct. NNP B-NP
15 CD I-NP
, , I-NP
2019 CD I-NP
. . O

Tenders NNS B-NP
for IN B-PP
the DT B-NP
bonds NNS I-NP
, , O
available JJ B-ADJP
in IN B-PP
minimum JJ B-NP
denominations NNS I-NP
of IN B-PP
$ $ B-NP
1,000 CD I-NP
, , O
must MD B-VP
be VB I-VP
received VBN I-VP
by IN B-PP
1 CD B-NP
p.m. NN I-NP
EDT NNP I-NP
Wednesday NNP B-NP
at IN B-PP
Federal NNP B-NP
Reserve NNP I-NP
banks NNS I-NP
. . O

Refcorp NNP B-NP
, , O
created VBN B-VP
by IN B-PP
the DT B-NP
thrift-overhaul NN I-NP
law NN I-NP
enacted VBN B-VP
in IN B-PP
August NNP B-NP
, , O
will MD B-VP
use VB I-VP
the DT B-NP
proceeds NNS I-NP
to TO B-VP
merge VB I-VP
or CC O
sell VB B-VP
off IN B-PRT
ailing VBG B-NP
savings-and-loan JJ I-NP
institutions NNS I-NP
. . O

Congress NNP B-NP
authorized VBD B-VP
$ $ B-NP
50 CD I-NP
billion CD I-NP
to TO B-VP
be VB I-VP
borrowed VBN I-VP
to TO B-VP
pay VB I-VP
for IN B-PP
the DT B-NP
thrift NN I-NP
bailout NN I-NP
. . O

Of IN B-PP
that DT B-NP
amount NN I-NP
, , O
$ $ B-NP
20 CD I-NP
billion CD I-NP
has VBZ B-VP
already RB I-VP
been VBN I-VP
borrowed VBN I-VP
by IN B-PP
the DT B-NP
Treasury NNP I-NP
Department NNP I-NP
. . O

Unless IN B-SBAR
otherwise RB B-VP
specified VBN I-VP
in IN B-PP
a DT B-NP
particular JJ I-NP
offer NN I-NP
, , O
the DT B-NP
bonds NNS I-NP
wo MD B-VP
n't RB I-VP
be VB I-VP
subject NN B-ADJP
to TO B-PP
redemption NN B-NP
prior RB B-ADVP
to TO B-PP
maturity NN B-NP
. . O

Interest NN B-NP
payments NNS I-NP
on IN B-PP
the DT B-NP
bonds NNS I-NP
will MD B-VP
be VB I-VP
payable JJ B-ADJP
semiannually RB B-ADVP
. . O

The DT B-NP
bonds NNS I-NP
are VBP B-VP
subject NN B-ADJP
to TO B-PP
federal JJ B-NP
taxation NN I-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
including VBG B-PP
income NN B-NP
taxes NNS I-NP
. . O

At IN B-PP
the DT B-NP
state NN I-NP
and CC I-NP
local JJ I-NP
level NN I-NP
, , O
the DT B-NP
bonds NNS I-NP
are VBP B-VP
subject NN B-ADJP
to TO B-PP
surtaxes NNS B-NP
and CC O
estate NN B-NP
, , I-NP
inheritance NN I-NP
and CC I-NP
gift NN I-NP
taxes NNS I-NP
, , O
but CC O
exempt JJ B-ADJP
from IN B-PP
taxation NN B-NP
as IN B-PP
to TO B-PP
principal NN B-NP
and CC I-NP
interest NN I-NP
. . O

G.D. NNP B-NP
Searle NNP I-NP
& CC I-NP
Co. NNP I-NP
, , O
a DT B-NP
Monsanto NNP I-NP
Co. NNP I-NP
unit NN I-NP
, , O
is VBZ B-VP
launching VBG I-VP
a DT B-NP
program NN I-NP
to TO B-VP
give VB I-VP
consumers NNS B-NP
more JJR B-NP
information NN I-NP
about IN B-PP
its PRP$ B-NP
drugs NNS I-NP
when WRB B-ADVP
doctors NNS B-NP
prescribe VBP B-VP
them PRP B-NP
. . O

Called VBN B-VP
Patients NNS B-NP
in IN B-PP
the DT B-NP
Know VB I-NP
, , O
the DT B-NP
program NN I-NP
features NNS B-VP
fact NN B-NP
sheets NNS I-NP
designed VBN B-VP
to TO I-VP
be VB I-VP
easy JJ B-ADJP
to TO B-VP
understand VB I-VP
. . O

The DT B-NP
sheets NNS I-NP
tell VBP B-VP
how WRB B-ADVP
the DT B-NP
medicine NN I-NP
works NNS B-VP
, , O
describe VB B-VP
how WRB B-ADVP
to TO B-VP
use VB I-VP
it PRP B-NP
and CC O
list VB B-VP
its PRP$ B-NP
possible JJ I-NP
side NN I-NP
effects NNS I-NP
. . O

They PRP B-NP
are VBP B-VP
designed VBN I-VP
to TO I-VP
be VB I-VP
given VBN I-VP
to TO B-PP
patients NNS B-NP
by IN B-PP
their PRP$ B-NP
doctors NNS I-NP
when WRB B-ADVP
the DT B-NP
medicines NNS I-NP
are VBP B-VP
prescribed VBN I-VP
and CC O
include VBP B-VP
space NN B-NP
for IN B-SBAR
the DT B-NP
doctor NN I-NP
to TO B-VP
write VB I-VP
special JJ B-NP
instructions NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
Searle NNP B-NP
will MD B-VP
give VB I-VP
pharmacists NNS B-NP
brochures NNS B-NP
on IN B-PP
the DT B-NP
use NN I-NP
of IN B-PP
prescription NN B-NP
drugs NNS I-NP
for IN B-PP
distribution NN B-NP
in IN B-PP
their PRP$ B-NP
stores NNS I-NP
. . O

Consumer NN B-NP
groups NNS I-NP
have VBP B-VP
long RB I-VP
advocated VBN I-VP
that IN B-SBAR
drug NN B-NP
companies NNS I-NP
and CC O
doctors NNS B-NP
make VBP B-VP
more JJR B-NP
information NN I-NP
available JJ B-ADJP
to TO B-PP
patients NNS B-NP
. . O

`` `` O
We PRP B-NP
believe VBP B-VP
that IN B-SBAR
every DT B-NP
drug NN I-NP
that WDT B-NP
's VBZ B-VP
marketed VBN I-VP
to TO B-PP
a DT B-NP
consumer NN I-NP
should MD B-VP
have VB I-VP
a DT B-NP
consumer NN I-NP
label NN I-NP
, , O
'' '' O
said VBD B-VP
Douglas NNP B-NP
Teich NNP I-NP
of IN B-PP
the DT B-NP
Public NNP I-NP
Citizen NNP I-NP
Health NNP I-NP
Research NNP I-NP
Group NNP I-NP
, , O
a DT B-NP
Ralph NNP I-NP
Nader NNP I-NP
affiliate NN I-NP
. . O

Dr. NNP B-NP
Teich NNP I-NP
said VBD B-VP
Searle NNP B-NP
is VBZ B-VP
`` `` O
the DT B-NP
only JJ I-NP
company NN I-NP
I PRP B-NP
know VBP B-VP
that IN B-NP
voluntarily RB B-VP
'' '' I-VP
will MD I-VP
make VB B-VP
consumer NN B-NP
information NN I-NP
available JJ B-ADJP
. . O

According VBG B-PP
to TO B-PP
federal JJ B-NP
officials NNS I-NP
and CC O
drug-industry NN B-NP
studies NNS I-NP
, , O
nearly RB B-NP
half NN I-NP
of IN B-PP
the DT B-NP
1.6 CD I-NP
billion CD I-NP
prescriptions NNS I-NP
filled VBD B-VP
each DT B-NP
year NN I-NP
are VBP B-VP
n't RB I-VP
used VBN I-VP
properly RB B-ADVP
, , O
meaning VBG B-VP
that DT O
money NN B-NP
is VBZ B-VP
wasted VBN I-VP
on IN B-PP
some DT B-NP
prescriptions NNS I-NP
and CC O
patients NNS B-NP
are VBP B-VP
deprived VBN I-VP
of IN B-PP
the DT B-NP
benefits NNS I-NP
of IN B-PP
medication NN B-NP
. . O

`` `` O
We PRP B-NP
think VBP B-VP
it PRP B-NP
's VBZ B-VP
very RB B-ADJP
important JJ I-ADJP
to TO B-VP
provide VB I-VP
as IN B-NP
much JJ I-NP
information NN I-NP
as IN B-PP
possible JJ B-ADJP
on IN B-PP
the DT B-NP
drugs NNS I-NP
consumers NNS B-NP
take VBP B-VP
, , O
'' '' O
said VBD B-VP
Searle NNP B-NP
Chairman NNP I-NP
Sheldon NNP I-NP
Gilgore NNP I-NP
. . O

Bond NN B-NP
prices NNS I-NP
rambled VBD B-VP
yesterday NN B-NP
as IN B-SBAR
investors NNS B-NP
kept VBD B-VP
close VB B-NP
watch NN I-NP
on IN B-PP
the DT B-NP
stock NN I-NP
market NN I-NP
and CC O
worried VBN B-VP
about IN B-PP
a DT B-NP
wave NN I-NP
of IN B-PP
new JJ B-NP
supply NN I-NP
. . O

Early JJ B-NP
yesterday NN I-NP
, , O
bonds NNS B-NP
rose VBD B-VP
as IN B-SBAR
investors NNS B-NP
rushed VBD B-VP
to TO I-VP
buy VB I-VP
Treasury NNP B-NP
securities NNS I-NP
on IN B-PP
the DT B-NP
prospect NN I-NP
that IN B-SBAR
stocks NNS B-NP
would MD B-VP
plummet VB I-VP
in IN B-PP
the DT B-NP
aftermath NN I-NP
of IN B-PP
the DT B-NP
massive JJ I-NP
California NNP I-NP
earthquake NN I-NP
. . O

For IN B-PP
example NN B-NP
, , O
some DT B-NP
securities NNS I-NP
analysts NNS I-NP
warned VBD B-VP
that IN B-SBAR
stocks NNS B-NP
of IN B-PP
certain JJ B-NP
insurance NN I-NP
companies NNS I-NP
, , O
which WDT B-NP
face VBP B-VP
massive JJ B-NP
damage NN I-NP
claims NNS I-NP
, , O
would MD B-VP
get VB I-VP
hit VB I-VP
hard JJ B-ADVP
. . O

But CC O
when WRB B-ADVP
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
rose VBD B-VP
instead RB B-ADVP
, , O
bonds NNS B-NP
drifted VBD B-VP
lower JJR B-ADVP
. . O

With IN B-SBAR
stocks NNS B-NP
not RB B-NP
a DT I-NP
major JJ I-NP
focus NN I-NP
, , O
`` `` O
we PRP B-NP
're VBP B-VP
waiting VBG I-VP
for IN B-PP
the DT B-NP
next JJ I-NP
guiding VBG I-NP
light NN I-NP
, , O
'' '' O
said VBD B-VP
Brian NNP B-NP
J. NNP I-NP
Fabbri NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
at IN B-PP
Midland NNP B-NP
Montagu NNP I-NP
Securities NNP I-NP
Inc NNP I-NP
. . O

`` `` O
If IN B-SBAR
the DT B-NP
stock NN I-NP
market NN I-NP
tremors NNS I-NP
are VBP B-VP
behind IN B-PP
us PRP B-NP
, , O
then RB B-ADVP
the DT B-NP
bond NN I-NP
market NN I-NP
will MD B-VP
go VB I-VP
back RB B-ADVP
to TO B-PP
looking VBG B-VP
at IN B-PP
the DT B-NP
next JJ I-NP
batch NN I-NP
of IN B-PP
economic JJ B-NP
numbers NNS I-NP
to TO B-VP
determine VB I-VP
'' '' O
where WRB B-ADVP
interest NN B-NP
rates NNS I-NP
are VBP B-VP
heading VBG I-VP
. . O

The DT B-NP
Treasury NNP I-NP
's POS B-NP
benchmark NN I-NP
30-year JJ I-NP
bond NN I-NP
, , O
which WDT B-NP
jumped VBD B-VP
3\/8 CD B-NP
point NN I-NP
, , O
or CC O
about RB B-NP
$ $ I-NP
3.75 CD I-NP
for IN B-PP
each DT B-NP
$ $ I-NP
1,000 CD I-NP
face NN I-NP
amount NN I-NP
, , O
during IN B-PP
the DT B-NP
first JJ I-NP
hour NN I-NP
of IN B-PP
trading NN B-NP
, , O
ended VBD B-VP
little RB B-VP
changed VBN I-VP
. . O

Interest NN B-NP
rates NNS I-NP
barely RB B-VP
budged VBD I-VP
from IN B-PP
Tuesday NNP B-NP
's POS B-NP
levels NNS I-NP
. . O

Most JJS B-NP
junk NN I-NP
bonds NNS I-NP
, , O
which WDT B-NP
have VBP B-VP
been VBN I-VP
battered VBN I-VP
in IN B-PP
recent JJ B-NP
weeks NNS I-NP
, , O
continued VBD B-VP
a DT B-NP
slow JJ I-NP
recuperation NN I-NP
and CC O
ended VBD B-VP
unchanged JJ B-ADJP
to TO O
slightly RB B-ADJP
higher JJR I-ADJP
. . O

But CC O
some DT B-NP
so-called JJ I-NP
high-quality JJ I-NP
junk NN I-NP
issues NNS I-NP
fell VBD B-VP
as IN B-SBAR
some DT B-NP
mutual JJ I-NP
funds NNS I-NP
sold VBD B-VP
their PRP$ B-NP
most RBS I-NP
liquid JJ I-NP
issues NNS I-NP
to TO B-VP
raise VB I-VP
cash NN B-NP
. . O

RJR NNP B-NP
Holdings NNP I-NP
Capital NNP I-NP
Corp. NNP I-NP
's POS B-NP
14.7 CD B-ADJP
% NN I-ADJP
bonds NNS B-NP
due JJ B-ADJP
2009 CD B-NP
fell VBD B-VP
one CD B-NP
point NN I-NP
. . O

Other NNP B-NP
RJR NNP I-NP
issues NNS I-NP
fell VBD B-VP
between IN B-PP
1\/2 CD B-NP
point NN I-NP
and CC O
1 CD B-NP
1\/2 CD I-NP
point NN I-NP
. . O

In IN B-PP
the DT B-NP
latest JJS I-NP
sign NN I-NP
of IN B-PP
how WRB B-ADJP
difficult JJ I-ADJP
it PRP B-NP
is VBZ B-VP
to TO B-VP
place VB I-VP
certain JJ B-NP
junk NN I-NP
bonds NNS I-NP
, , O
Continental NNP B-NP
Airlines NNPS I-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
forced VBN I-VP
to TO I-VP
scale VB I-VP
back RB B-PRT
the DT B-NP
size NN I-NP
of IN B-PP
its PRP$ B-NP
latest JJS I-NP
offering NN I-NP
. . O

Continental NNP B-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Texas NNP B-NP
Air NNP I-NP
Corp. NNP I-NP
, , O
slashed VBD B-VP
the DT B-NP
size NN I-NP
of IN B-PP
its PRP$ B-NP
note NN I-NP
offering NN I-NP
from IN B-PP
$ $ B-NP
150 CD I-NP
million CD I-NP
to TO B-PP
$ $ B-NP
71 CD I-NP
million CD I-NP
. . O

The DT B-NP
move NN I-NP
had VBD B-VP
been VBN I-VP
widely RB B-ADJP
expected VBN I-ADJP
. . O

In IN B-PP
the DT B-NP
multipart JJ I-NP
offering NN I-NP
, , O
the DT B-NP
company NN I-NP
sold VBD B-VP
a DT B-NP
portion NN I-NP
of IN B-PP
secured VBN B-NP
notes NNS I-NP
but CC O
shelved VBD B-VP
all PDT B-NP
the DT I-NP
unsecured JJ I-NP
notes NNS I-NP
. . O

A DT B-NP
Continental NNP I-NP
spokeswoman NN I-NP
said VBD B-VP
the DT B-NP
notes NNS I-NP
may MD B-VP
be VB I-VP
offered VBN I-VP
at IN B-PP
a DT B-NP
later JJ I-NP
date NN I-NP
. . O

`` `` O
This DT B-NP
was VBD B-VP
not RB O
a DT B-NP
do-or-die JJ I-NP
deal NN I-NP
, , O
'' '' O
she PRP B-NP
said VBD B-VP
. . O

`` `` O
I PRP B-NP
think VBP B-VP
this DT B-NP
is VBZ B-VP
a DT B-NP
market NN I-NP
that WDT B-NP
required VBD B-VP
some DT B-NP
level NN I-NP
of IN B-PP
security NN B-NP
. . O

It PRP B-NP
did VBD B-VP
not RB I-VP
make VB I-VP
sense NN B-NP
to TO B-VP
offer VB I-VP
unsecured JJ B-NP
paper NN I-NP
in IN B-PP
an DT B-NP
unsettling JJ I-NP
market NN I-NP
. . O
'' '' O

Investors NNS B-NP
have VBP B-VP
been VBN I-VP
speculating VBG I-VP
for IN B-PP
weeks NNS B-NP
about IN B-PP
the DT B-NP
market NN I-NP
's POS B-NP
ability NN I-NP
to TO B-VP
place VB I-VP
the DT B-NP
$ $ I-NP
7 CD I-NP
billion CD I-NP
to TO I-NP
$ $ I-NP
10 CD I-NP
billion CD I-NP
of IN B-PP
new JJ B-NP
junk NN I-NP
bonds NNS I-NP
scheduled VBN B-VP
to TO B-VP
be VB I-VP
sold VBN I-VP
by IN B-PP
year NN B-NP
end NN I-NP
. . O

Supply NN B-NP
troubles NNS I-NP
were VBD B-VP
also RB B-ADVP
on IN B-PP
the DT B-NP
minds NNS I-NP
of IN B-PP
Treasury NNP B-NP
investors NNS I-NP
yesterday NN B-NP
, , O
who WP B-NP
worried VBD B-VP
about IN B-PP
the DT B-NP
flood NN I-NP
of IN B-PP
new JJ B-NP
government NN I-NP
securities NNS I-NP
coming VBG B-VP
next JJ B-NP
week NN I-NP
. . O

`` `` O
We PRP B-NP
're VBP B-VP
being VBG I-VP
bombarded VBN I-VP
by IN B-PP
new JJ B-NP
Treasury NNP I-NP
and CC I-NP
agency NN I-NP
debt NN I-NP
offerings NNS I-NP
, , O
'' '' O
said VBD B-VP
William NNP B-NP
Sullivan NNP I-NP
Jr. NNP I-NP
, , O
director NN B-NP
of IN B-PP
money-market JJ B-NP
research NN I-NP
at IN B-PP
Dean NNP B-NP
Witter NNP I-NP
Reynolds NNP I-NP
Inc NNP I-NP
. . O

`` `` O
The DT B-NP
market NN I-NP
is VBZ B-VP
concerned VBN B-ADJP
about IN B-PP
its PRP$ B-NP
ability NN I-NP
to TO B-VP
underwrite VB I-VP
all PDT B-NP
this DT I-NP
debt NN I-NP
at IN B-PP
current JJ B-NP
levels NNS I-NP
. . O
'' '' O

In IN B-PP
addition NN B-NP
to TO B-PP
the DT B-NP
$ $ I-NP
15.6 CD I-NP
billion CD I-NP
of IN B-PP
Treasury NNP B-NP
bills NNS I-NP
to TO B-VP
be VB I-VP
sold VBN I-VP
at IN B-PP
next JJ B-NP
week NN I-NP
's POS B-NP
regular JJ I-NP
Monday NNP I-NP
auction NN I-NP
, , O
the DT B-NP
government NN I-NP
will MD B-VP
sell VB I-VP
$ $ B-NP
10 CD I-NP
billion CD I-NP
of IN B-PP
new JJ B-NP
two-year JJ I-NP
Treasury NNP I-NP
notes NNS I-NP
. . O

And CC O
Resolution NNP B-NP
Funding NNP I-NP
Corp. NNP I-NP
said VBD B-VP
late JJ B-NP
yesterday NN I-NP
that IN B-SBAR
it PRP B-NP
will MD B-VP
sell VB I-VP
$ $ B-NP
4.5 CD I-NP
billion CD I-NP
of IN B-PP
30-year JJ B-NP
bonds NNS I-NP
Wednesday NNP B-NP
. . O

Refcorp NNP B-NP
is VBZ B-VP
the DT B-NP
financing NN I-NP
unit NN I-NP
of IN B-PP
Resolution NNP B-NP
Trust NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
new JJ I-NP
government NN I-NP
agency NN I-NP
created VBN B-VP
to TO B-VP
rescue VB I-VP
the DT B-NP
nation NN I-NP
's POS B-NP
troubled JJ I-NP
thrifts NNS I-NP
. . O

Its PRP$ B-NP
securities NNS I-NP
have VBP B-VP
been VBN I-VP
dubbed VBN I-VP
`` `` O
bailout NN B-NP
bonds NNS I-NP
'' '' O
by IN B-PP
traders NNS B-NP
. . O

In IN B-PP
when-issued JJ B-NP
trading NN I-NP
, , O
the DT B-NP
two-year JJ I-NP
Treasurys NNPS I-NP
had VBD B-VP
a DT B-NP
yield NN I-NP
of IN B-PP
about IN B-NP
7.88 CD I-NP
% NN I-NP
. . O

In IN B-PP
the DT B-NP
municipal JJ I-NP
market NN I-NP
, , O
all DT B-NP
eyes NNS I-NP
were VBD B-VP
on IN B-PP
California NNP B-NP
debt NN I-NP
as IN B-SBAR
investors NNS B-NP
tried VBD B-VP
to TO I-VP
gauge VB I-VP
the DT B-NP
financial JJ I-NP
ramifications NNS I-NP
of IN B-PP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
. . O

But CC O
traders NNS B-NP
said VBD B-VP
the DT B-NP
quake NN I-NP
had VBD B-VP
only RB B-NP
a DT I-NP
minor JJ I-NP
impact NN I-NP
on IN B-PP
the DT B-NP
trading NN I-NP
of IN B-PP
California NNP B-NP
state NN I-NP
and CC I-NP
local JJ I-NP
municipal JJ I-NP
debt NN I-NP
. . O

`` `` O
There EX B-NP
are VBP B-VP
certain JJ B-NP
bonds NNS I-NP
traders NNS B-NP
refer VBP B-VP
to TO B-PP
as IN B-PP
` `` B-NP
earthquake NN I-NP
' '' I-NP
bonds NNS I-NP
because IN B-SBAR
the DT B-NP
-LRB- ( I-NP
issuers NNS I-NP
-RRB- ) O
are VBP B-VP
on IN B-PP
top NN B-NP
of IN B-PP
the DT B-NP
San NNP I-NP
Andreas NNP I-NP
fault NN I-NP
, , O
'' '' O
said VBD B-VP
Zane NNP B-NP
Mann NNP I-NP
, , O
editor NN B-NP
of IN B-PP
the DT B-NP
California NNP I-NP
Municipal NNP I-NP
Bond NNP I-NP
Advisor NNP I-NP
, , O
a DT B-NP
newsletter NN I-NP
for IN B-PP
investors NNS B-NP
. . O

Since IN B-SBAR
those DT B-NP
bonds NNS I-NP
already RB B-ADVP
pay VBP B-VP
a DT B-NP
slightly RB I-NP
higher JJR I-NP
yield VB I-NP
, , O
an DT B-NP
extra JJ I-NP
premium NN I-NP
for IN B-PP
the DT B-NP
earthquake NN I-NP
risk NN I-NP
, , O
they PRP B-NP
were VBD B-VP
n't RB I-VP
materially RB I-VP
affected VBN I-VP
. . O

But CC O
some DT B-NP
bond NN I-NP
market NN I-NP
analysts NNS I-NP
said VBD B-VP
that WDT B-NP
could MD B-VP
quickly RB I-VP
change VB I-VP
if IN B-SBAR
property NN B-NP
casualty NN I-NP
insurance NN I-NP
companies NNS I-NP
scramble VBP B-VP
to TO I-VP
sell VB I-VP
portions NNS B-NP
of IN B-PP
their PRP$ B-NP
municipal JJ I-NP
portfolios NNS I-NP
to TO B-VP
raise VB I-VP
cash NN B-NP
to TO B-VP
pay VB I-VP
damage NN B-NP
claims NNS I-NP
. . O

`` `` O
Insurance NNP B-NP
companies NNS I-NP
will MD B-VP
foot VB I-VP
a DT B-NP
substantial JJ I-NP
amount NN I-NP
of IN B-PP
the DT B-NP
bill NN I-NP
to TO B-VP
reconstruct VB I-VP
San NNP B-NP
Francisco NNP I-NP
, , O
'' '' O
said VBD B-VP
Charles NNP B-NP
Lieberman NNP I-NP
, , O
chief JJ B-NP
economist NN I-NP
at IN B-PP
Manufacturers NNP B-NP
Hanover NNP I-NP
Securities NNP I-NP
Corp NNP I-NP
. . O

He PRP B-NP
also RB B-ADVP
expects VBZ B-VP
the DT B-NP
performance NN I-NP
of IN B-PP
municipals NNS B-NP
to TO B-VP
lag VB I-VP
Treasurys NNPS B-NP
as IN B-SBAR
California NNP B-NP
is VBZ B-VP
forced VBN I-VP
to TO I-VP
issue VB I-VP
new JJ B-NP
debt NN I-NP
over IN B-PP
time NN B-NP
to TO B-VP
repair VB I-VP
public JJ B-NP
facilities NNS I-NP
. . O

A DT B-NP
report NN I-NP
issued VBD B-VP
late JJ B-NP
yesterday NN I-NP
by IN B-PP
Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
Corp. NNP I-NP
concluded VBD B-VP
the DT B-NP
quake NN I-NP
wo MD B-VP
n't RB I-VP
cause VB I-VP
`` `` O
wide-scale JJ B-NP
credit NN I-NP
deterioration NN I-NP
'' '' O
for IN B-PP
issuers NNS B-NP
and CC O
debt NN B-NP
issues NNS I-NP
in IN B-PP
the DT B-NP
12-county JJ I-NP
area NN I-NP
of IN B-PP
Northern NNP B-NP
California NNP I-NP
affected VBN B-VP
by IN B-PP
the DT B-NP
quake NN I-NP
. . O

Treasury NNP B-NP
Securities NNPS I-NP

Treasury NN B-NP
bonds NNS I-NP
ended VBD B-VP
narrowly RB B-ADJP
mixed VBN I-ADJP
in IN B-PP
quiet JJ B-NP
trading NN I-NP
. . O

The DT B-NP
benchmark NN I-NP
30-year JJ I-NP
bond NN I-NP
ended VBD B-VP
at IN B-PP
a DT B-NP
price NN I-NP
of IN B-PP
100 CD B-NP
29\/32 CD I-NP
to TO B-VP
yield VB I-VP
8.03 CD B-NP
% NN I-NP
, , O
compared VBN B-PP
with IN B-PP
100 CD B-NP
28\/32 CD I-NP
to TO B-VP
yield VB I-VP
8.04 CD B-NP
% NN I-NP
Tuesday NNP B-NP
. . O

The DT B-NP
latest JJS I-NP
10-year JJ I-NP
notes NNS I-NP
were VBD B-VP
quoted VBN I-VP
late RB B-ADVP
at IN B-PP
a DT B-NP
price NN I-NP
of IN B-PP
99 CD B-NP
26\/32 CD I-NP
to TO B-VP
yield VB I-VP
8 CD B-NP
% NN I-NP
, , O
compared VBN B-PP
with IN B-PP
99 CD B-NP
25\/32 CD I-NP
to TO B-VP
yield VB I-VP
8.01 CD B-NP
% NN I-NP
. . O

Short-term JJ B-NP
rates NNS I-NP
were VBD B-VP
little RB I-VP
changed VBN I-VP
. . O

Corporate JJ B-NP
Issues NNS I-NP

Investment-grade JJ B-NP
corporate JJ I-NP
bonds NNS I-NP
ended VBD B-VP
1\/4 CD B-NP
point NN I-NP
lower JJR B-ADJP
. . O

The DT B-NP
Continental NNP I-NP
junk NN I-NP
bond NN I-NP
offering NN I-NP
, , O
underwritten VBN B-VP
by IN B-PP
Drexel NNP B-NP
Burnham NNP I-NP
Lambert NNP I-NP
Inc. NNP I-NP
, , O
was VBD B-VP
the DT B-NP
only RB I-NP
new JJ I-NP
issue NN I-NP
priced VBD B-VP
yesterday NN B-NP
. . O

In IN B-PP
the DT B-NP
four-part JJ I-NP
offering NN I-NP
, , O
the DT B-NP
$ $ I-NP
71 CD I-NP
million CD I-NP
of IN B-PP
secured VBN B-NP
equipment NN I-NP
certificates NNS I-NP
was VBD B-VP
priced VBN I-VP
to TO B-VP
yield VB I-VP
13.75 CD B-NP
% NN I-NP
to TO O
15.75 CD B-NP
% NN I-NP
. . O

Municipals NNS B-NP

Municipal JJ B-NP
bonds NNS I-NP
ended VBD B-VP
about IN B-NP
1\/8 CD I-NP
to TO I-NP
3\/8 CD I-NP
point NN I-NP
lower RBR B-ADJP
, , O
hurt VBN B-VP
by IN B-PP
the DT B-NP
circulation NN I-NP
of IN B-PP
two CD B-NP
`` `` I-NP
bid-wanted JJ I-NP
'' '' I-NP
lists NNS I-NP
totaling VBG B-VP
$ $ B-NP
655 CD I-NP
million CD I-NP
. . O

Chemical NNP B-NP
Securities NNP I-NP
Inc. NNP I-NP
is VBZ B-VP
acting VBG I-VP
as IN B-PP
agent NN B-NP
for IN B-PP
the DT B-NP
seller NN I-NP
. . O

Meanwhile RB B-ADVP
, , O
some DT B-NP
California NNP I-NP
issues NNS I-NP
were VBD B-VP
down RP B-ADVP
a DT B-NP
touch NN I-NP
more JJR B-ADJP
than IN B-PP
the DT B-NP
broad JJ I-NP
market NN I-NP
, , O
but CC O
traders NNS B-NP
said VBD B-VP
there EX B-NP
had VBD B-VP
n't RB I-VP
been VBN I-VP
much JJ B-NP
investor NN I-NP
selling VBG I-NP
because IN B-PP
of IN I-PP
the DT B-NP
quake NN I-NP
. . O

But CC O
New NNP B-NP
York NNP I-NP
City NNP I-NP
general JJ I-NP
obligation NN I-NP
bonds NNS I-NP
came VBD B-VP
under IN B-PP
selling VBG B-NP
pressure NN I-NP
. . O

Traders NNS B-NP
said VBD B-VP
a DT B-NP
steady JJ I-NP
stream NN I-NP
of IN B-PP
bonds NNS B-NP
was VBD B-VP
put VBN I-VP
up IN B-ADVP
for IN B-PP
sale NN B-NP
yesterday NN B-NP
, , O
pushing VBG B-VP
yields NNS B-NP
for IN B-PP
longer RB B-NP
maturities NNS I-NP
up IN B-ADVP
0.05 CD B-NP
percentage NN I-NP
point NN I-NP
. . O

Traders NNS B-NP
said VBD B-VP
investors NNS B-NP
were VBD B-VP
reacting VBG I-VP
to TO B-PP
recent JJ B-NP
negative JJ I-NP
news NN I-NP
on IN B-PP
the DT B-NP
city NN I-NP
's POS B-NP
finances NNS I-NP
and CC O
are VBP B-VP
nervous JJ B-ADJP
ahead RB B-PP
of IN B-PP
the DT B-NP
Nov. NNP I-NP
7 CD I-NP
election NN I-NP
. . O

Washington NNP B-NP
, , O
D.C. NNP B-NP
, , O
topped VBD B-VP
the DT B-NP
competitive JJ I-NP
slate NN I-NP
yesterday NN B-NP
with IN B-PP
a DT B-NP
sale NN I-NP
of IN B-PP
$ $ B-NP
200 CD I-NP
million CD I-NP
of IN B-PP
general JJ B-NP
obligation NN I-NP
tax NN I-NP
revenue NN I-NP
anticipation NN I-NP
notes NNS I-NP
. . O

In IN B-PP
late JJ B-NP
trading NN I-NP
, , O
New NNP B-NP
Jersey NNP I-NP
Turnpike NNP I-NP
Authority NNP I-NP
's POS B-NP
7.20 CD B-ADJP
% NN I-ADJP
issue NN B-NP
of IN B-PP
2018 CD B-NP
was VBD B-VP
off IN B-ADVP
1\/4 CD B-NP
point NN I-NP
at IN B-PP
98 CD B-NP
bid NN B-VP
. . O

The DT B-NP
yield NN I-NP
was VBD B-VP
7.35 CD B-NP
% NN I-NP
, , O
up IN B-ADVP
0.01 CD B-NP
percentage NN I-NP
point NN I-NP
. . O

Mortgage-Backed JJ B-NP
Securities NNPS I-NP

Mortgage NN B-NP
securities NNS I-NP
ended VBD B-VP
little RB B-ADJP
changed VBN I-ADJP
after IN B-PP
light NN B-NP
dealings NNS I-NP
. . O

There EX B-NP
was VBD B-VP
no DT B-NP
appreciable JJ I-NP
market NN I-NP
impact NN I-NP
from IN B-PP
the DT B-NP
California NNP I-NP
earthquake NN I-NP
. . O

Dealers NNS B-NP
said VBD B-VP
there EX B-NP
was VBD B-VP
some DT B-NP
concern NN I-NP
that IN B-SBAR
insurance NN B-NP
companies NNS I-NP
might MD B-VP
be VB I-VP
forced VBN I-VP
to TO I-VP
sell VB I-VP
mortgage NN B-NP
securities NNS I-NP
to TO B-VP
help VB I-VP
pay VB I-VP
earthquake-related JJ B-NP
claims NNS I-NP
, , O
but CC O
no DT B-NP
selling NN I-NP
materialized VBD B-VP
. . O

The DT B-NP
Federal NNP I-NP
Home NNP I-NP
Loan NNP I-NP
Mortgage NNP I-NP
Corp. NNP I-NP
and CC I-NP
Federal NNP I-NP
National NNP I-NP
Mortgage NNP I-NP
Association NNP I-NP
, , O
two CD B-NP
dominant JJ I-NP
issuers NNS I-NP
of IN B-PP
mortgage NN B-NP
securities NNS I-NP
, , O
have VBP B-VP
a DT B-NP
sizable JJ I-NP
amount NN I-NP
of IN B-PP
California NNP B-NP
home NN I-NP
loans NNS I-NP
in IN B-PP
their PRP$ B-NP
mortgagebacked JJ I-NP
pools NNS I-NP
. . O

But CC O
their PRP$ B-NP
potential JJ I-NP
quake NN I-NP
exposure NN I-NP
is VBZ B-VP
seen VBN I-VP
as IN B-PP
small JJ B-ADJP
given VBN B-PP
that IN B-SBAR
they PRP B-NP
require VBP B-VP
a DT B-NP
financial JJ I-NP
cushion NN I-NP
on IN B-PP
all PDT B-NP
the DT I-NP
loans NNS I-NP
they PRP B-NP
purchase VBP B-VP
. . O

And CC O
because IN B-SBAR
Northern NNP B-NP
California NNP I-NP
home NN I-NP
prices NNS I-NP
are VBP B-VP
so RB B-ADJP
high JJ I-ADJP
, , O
loans VBZ B-NP
from IN B-PP
the DT B-NP
region NN I-NP
often RB B-ADVP
are VBP B-VP
too RB B-ADJP
large JJ I-ADJP
to TO B-VP
be VB I-VP
included VBN I-VP
in IN B-PP
Freddie NNP B-NP
Mac NNP I-NP
and CC I-NP
Fannie NNP I-NP
Mae NNP I-NP
pools NNS I-NP
. . O

Meanwhile RB B-ADVP
, , O
Government NNP B-NP
National NNP I-NP
Mortgage NNP I-NP
Association NNP I-NP
9 CD I-NP
% NN I-NP
securities NNS I-NP
for IN B-PP
November NNP B-NP
delivery NN I-NP
ended VBD B-VP
at IN B-PP
97 CD B-NP
29\/32 CD I-NP
, , O
unchanged JJ B-ADJP
. . O

Freddie NNP B-NP
Mac NNP I-NP
9 CD I-NP
% NN I-NP
securities NNS I-NP
were VBD B-VP
at IN B-PP
97 CD B-NP
4\/32 CD I-NP
, , O
down RB B-ADVP
1\/32 CD B-NP
. . O

In IN B-PP
derivative JJ B-NP
markets NNS I-NP
, , O
Fannie NNP B-NP
Mae NNP I-NP
issued VBD B-VP
two CD B-NP
$ $ I-NP
400 CD I-NP
million CD I-NP
real JJ I-NP
estate NN I-NP
mortgage NN I-NP
investment NN I-NP
conduits NNS I-NP
backed VBN B-VP
by IN B-PP
its PRP$ B-NP
9 CD I-NP
% NN I-NP
securities NNS I-NP
. . O

Foreign JJ B-NP
Bonds NNS I-NP

British JJ B-NP
government NN I-NP
bonds NNS I-NP
, , O
or CC O
gilts NNS B-NP
, , O
ended VBD B-VP
moderately RB B-ADJP
lower JJR I-ADJP
as IN B-SBAR
equities NNS B-NP
there RB B-ADVP
recovered VBD B-VP
from IN B-PP
Tuesday NNP B-NP
's POS B-NP
drop NN I-NP
. . O

The DT B-NP
Treasury NNP I-NP
's POS B-NP
11 CD B-ADJP
3\/4 CD I-ADJP
% NN I-ADJP
bond NN B-NP
due JJ B-ADJP
2003\/2007 CD B-NP
fell VBD B-VP
11\/32 CD B-NP
to TO B-PP
111 CD B-NP
31\/32 CD I-NP
to TO B-VP
yield VB I-VP
10.08 CD B-NP
% NN I-NP
, , O
while IN B-SBAR
the DT B-NP
12 CD I-NP
% NN I-NP
notes NNS I-NP
due JJ B-ADJP
1995 CD B-NP
were VBD B-VP
down RB B-ADVP
7\/32 CD B-NP
to TO B-PP
103 CD B-NP
22\/32 CD I-NP
to TO B-VP
yield VB I-VP
11.04 CD B-NP
% NN I-NP
. . O

Traders NNS B-NP
said VBD B-VP
today NN B-NP
may MD B-VP
be VB I-VP
an DT B-NP
anxious JJ I-NP
day NN I-NP
for IN B-PP
the DT B-NP
market NN I-NP
. . O

Several JJ B-NP
key JJ I-NP
economic JJ I-NP
figures NNS I-NP
are VBP B-VP
due JJ B-ADJP
out IN I-ADJP
and CC O
Chancellor NNP O
of IN B-PP
the DT B-NP
Exchequer NNP I-NP
Nigel NNP B-NP
Lawson NNP I-NP
is VBZ B-VP
scheduled VBN I-VP
to TO I-VP
give VB I-VP
the DT B-NP
annual JJ I-NP
`` `` I-NP
Mansion NNP I-NP
House NNP I-NP
'' '' I-NP
address NN I-NP
to TO B-PP
the DT B-NP
financial JJ I-NP
community NN I-NP
. . O

The DT B-NP
chancellor NN I-NP
sometimes RB B-ADVP
has VBZ B-VP
used VBN I-VP
the DT B-NP
occasion NN I-NP
to TO B-VP
announce VB I-VP
major JJ B-NP
economic JJ I-NP
policy NN I-NP
changes NNS I-NP
. . O

Economists NNS B-NP
do VBP B-VP
n't RB I-VP
expect VB I-VP
any DT B-NP
such JJ I-NP
changes NNS I-NP
in IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
address NN I-NP
, , O
given VBN B-PP
Mr. NNP B-NP
Lawson NNP I-NP
's POS B-NP
apparent JJ I-NP
reluctance NN I-NP
to TO B-VP
adjust VB I-VP
policy NN B-NP
currently RB B-ADVP
. . O

Meanwhile RB B-ADVP
, , O
Japanese JJ B-NP
government NN I-NP
bonds NNS I-NP
retreated VBD B-VP
in IN B-PP
quiet JJ B-NP
trading NN I-NP
, , O
stymied VBN B-VP
by IN B-PP
the DT B-NP
dollar NN I-NP
's POS B-NP
resiliency NN I-NP
. . O

Japan NNP B-NP
's POS B-NP
bellwether NN O
4.6 CD B-ADJP
% NN I-ADJP
bond NN B-NP
due JJ B-ADJP
1998 CD B-NP
ended VBD B-VP
on IN B-PP
brokers NNS B-NP
' POS B-NP
screens NNS I-NP
at IN B-PP
95.75 CD B-NP
to TO B-VP
yield VB I-VP
5.315 CD B-NP
% NN I-NP
. . O

In IN B-PP
West NNP B-NP
Germany NNP I-NP
, , O
investors NNS B-NP
stayed VBD B-VP
on IN B-PP
the DT B-NP
sidelines NNS I-NP
as IN B-SBAR
the DT B-NP
bond NN I-NP
market NN I-NP
searched VBD B-VP
for IN B-PP
direction NN B-NP
. . O

The DT B-NP
government NN I-NP
's POS B-NP
7 CD B-ADJP
% NN I-ADJP
issue NN B-NP
due JJ B-ADJP
October NNP B-NP
1999 CD I-NP
fell VBD B-VP
0.05 CD B-NP
point NN I-NP
to TO B-PP
99.90 CD B-NP
to TO B-VP
yield VB I-VP
7.01 CD B-NP
% NN I-NP
. . O

The DT B-NP
Berlin NNP I-NP
Wall NNP I-NP
still RB B-ADVP
stands VBZ B-VP
. . O

But CC O
the DT B-NP
man NN I-NP
who WP B-NP
built VBD B-VP
it PRP B-NP
has VBZ B-VP
fallen VBN I-VP
. . O

East NNP B-NP
Germany NNP I-NP
yesterday NN B-NP
removed VBN B-VP
Erich NNP B-NP
Honecker NNP I-NP
, , O
one CD B-NP
of IN B-PP
the DT B-NP
staunchest JJS I-NP
holdouts NNS I-NP
against IN B-PP
the DT B-NP
reform NN I-NP
rumbling VBG B-VP
through IN B-PP
the DT B-NP
Communist NNP I-NP
world NN I-NP
, , O
in IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
win VB I-VP
back RB B-ADVP
the DT B-NP
confidence NN I-NP
of IN B-PP
its PRP$ B-NP
increasingly RB I-NP
rebellious JJ I-NP
citizens NNS I-NP
. . O

But CC O
while IN B-SBAR
it PRP B-NP
was VBD B-VP
a DT B-NP
move NN I-NP
that WDT B-NP
stunned VBD B-VP
the DT B-NP
East NNP I-NP
bloc NN I-NP
, , O
it PRP B-NP
hardly RB B-ADVP
ushers VBZ B-VP
in IN B-ADVP
an DT B-NP
era NN I-NP
of IN B-PP
reform NN B-NP
-- : O
at IN B-ADVP
least JJS I-ADVP
anytime RB I-ADVP
soon RB I-ADVP
. . O

For IN O
the DT B-NP
Politburo NNP I-NP
replaced VBD B-VP
Mr. NNP B-NP
Honecker NNP I-NP
, , O
who WP B-NP
had VBD B-VP
led VBN I-VP
East NNP B-NP
Germany NNP I-NP
for IN B-PP
18 CD B-NP
years NNS I-NP
and CC O
before IN B-PP
that DT B-NP
headed VBD B-VP
its PRP$ B-NP
security NN I-NP
apparatus NN I-NP
, , O
with IN B-PP
a DT B-NP
man NN I-NP
cut NN B-VP
of IN B-PP
the DT B-NP
same JJ I-NP
cloth NN I-NP
: : O
Egon NNP B-NP
Krenz NNP I-NP
, , O
the DT B-NP
most RBS I-NP
recent JJ I-NP
internal-security NN I-NP
chief NN I-NP
and CC O
a DT B-NP
longtime JJ I-NP
Honecker NNP I-NP
protege NN I-NP
. . O

East NNP B-NP
Germany NNP I-NP
, , O
it PRP B-NP
is VBZ B-VP
clear JJ B-ADJP
, , O
is VBZ B-VP
no DT B-NP
Poland NNP I-NP
, , O
where WRB B-ADVP
the DT B-NP
Communist NNP I-NP
Party NNP I-NP
now RB B-ADVP
shares NNS B-VP
power VBP B-NP
with IN B-PP
the DT B-NP
democratically RB I-NP
elected VBN I-NP
Solidarity NNP I-NP
union NN I-NP
. . O

Nor CC O
is VBZ O
it PRP B-NP
a DT B-NP
Hungary NNP I-NP
, , O
where WRB B-ADVP
yesterday NN B-NP
the DT B-NP
parliament NN I-NP
approved VBD B-VP
constitutional JJ B-NP
changes NNS I-NP
meant VBD B-VP
to TO I-VP
help VB I-VP
turn VB I-VP
the DT B-NP
Communist NNP I-NP
nation NN I-NP
into IN B-PP
a DT B-NP
multiparty NN I-NP
democracy NN I-NP
. . O

Still RB B-ADVP
, , O
any DT B-NP
change NN I-NP
in IN B-PP
East NNP B-NP
Germany NNP I-NP
has VBZ B-VP
enormous JJ B-NP
implications NNS I-NP
, , O
for IN B-PP
both DT B-NP
East NNP I-NP
and CC I-NP
West NNP I-NP
. . O

It PRP B-NP
raises VBZ B-VP
the DT B-NP
long-cherished JJ I-NP
hopes NNS I-NP
of IN B-PP
many JJ B-NP
Germans NNPS I-NP
for IN B-PP
reunification NN B-NP
-- : O
a DT B-NP
prospect NN I-NP
that IN B-NP
almost RB B-VP
equally RB I-VP
alarms VBZ I-VP
political JJ B-NP
leaders NNS I-NP
in IN B-PP
Moscow NNP B-NP
, , O
Washington NNP B-NP
and CC O
Western NNP B-NP
Europe NNP I-NP
. . O

Mr. NNP B-NP
Krenz NNP I-NP
, , O
52 CD B-NP
, , O
was VBD B-VP
named VBN I-VP
the DT B-NP
new JJ I-NP
party NN I-NP
chief NN I-NP
just RB B-NP
minutes NNS I-NP
after IN B-SBAR
the DT B-NP
Party NNP I-NP
's POS B-NP
163-member NNP I-NP
Central NNP I-NP
Committee NNP I-NP
convened VBD B-VP
in IN B-PP
East NNP B-NP
Berlin NNP I-NP
. . O

Although IN B-SBAR
the DT B-NP
East JJ I-NP
German JJ I-NP
news NN I-NP
agency NN I-NP
ADN NNP I-NP
claimed VBD B-VP
Mr. NNP B-NP
Honecker NNP I-NP
had VBD B-VP
asked VBN I-VP
to TO I-VP
be VB I-VP
relieved VBN I-VP
of IN B-PP
his PRP$ B-NP
duties NNS I-NP
for IN B-PP
`` `` O
health NN B-NP
reasons NNS I-NP
, , O
'' '' O
West JJ B-NP
German JJ I-NP
government NN I-NP
sources NNS I-NP
said VBD B-VP
the DT B-NP
26-man NNP I-NP
Politburo NNP I-NP
had VBD B-VP
asked VBN I-VP
for IN B-PP
his PRP$ B-NP
resignation NN I-NP
at IN B-PP
a DT B-NP
separate JJ I-NP
meeting NN I-NP
late JJ B-NP
Tuesday NNP I-NP
. . O

-LRB- ( O
Mr. NNP B-NP
Honecker NNP I-NP
was VBD B-VP
twice RB I-VP
hospitalized VBN I-VP
this DT B-NP
summer NN I-NP
for IN B-PP
a DT B-NP
gall NN I-NP
bladder NN I-NP
ailment NN I-NP
and CC O
his PRP$ B-NP
physical JJ I-NP
condition NN I-NP
has VBZ B-VP
been VBN I-VP
the DT B-NP
subject NN I-NP
of IN B-PP
intense JJ B-NP
speculation NN I-NP
in IN B-PP
the DT B-NP
Western JJ I-NP
media NNS I-NP
. . O
-RRB- ) O

ADN NNP B-NP
said VBD B-VP
Mr. NNP B-NP
Honecker NNP I-NP
, , O
a DT B-NP
hard-line JJ I-NP
Stalinist JJ I-NP
who WP B-NP
in IN B-PP
1961 CD B-NP
supervised VBD B-VP
the DT B-NP
construction NN I-NP
of IN B-PP
the DT B-NP
Berlin NNP I-NP
Wall NNP I-NP
, , O
also RB B-ADVP
was VBD B-VP
relieved VBN I-VP
of IN B-PP
his PRP$ B-NP
title NN I-NP
as IN B-PP
head NN B-NP
of IN B-PP
state NN B-NP
and CC O
his PRP$ B-NP
position NN I-NP
as IN B-PP
chief NN B-NP
of IN B-PP
the DT B-NP
military NN I-NP
. . O

Mr. NNP B-NP
Krenz NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
formally RB I-VP
named VBN I-VP
to TO B-PP
all DT B-NP
three CD I-NP
positions NNS I-NP
once RB B-SBAR
the DT B-NP
nation NN I-NP
's POS B-NP
parliament NN I-NP
convenes VBZ B-VP
later RB B-NP
this DT I-NP
week NN I-NP
. . O

Mr. NNP B-NP
Honecker NNP I-NP
's POS B-NP
ignoble JJ I-NP
fall NN I-NP
culminates VBZ B-VP
nearly RB B-NP
two CD I-NP
decades NNS I-NP
of IN B-PP
iron-handed JJ B-NP
leadership NN I-NP
during IN B-PP
which WDT B-NP
Mr. NNP B-NP
Honecker NNP I-NP
, , O
now RB O
77 CD B-NP
years NNS I-NP
old JJ B-ADJP
, , O
built VBN B-VP
East NNP B-NP
Germany NNP I-NP
into IN B-PP
the DT B-NP
most RBS I-NP
economically RB I-NP
advanced VBD I-NP
nation NN I-NP
in IN B-PP
the DT B-NP
Soviet JJ I-NP
bloc NN I-NP
. . O

His PRP$ B-NP
grip NN I-NP
on IN B-PP
power NN B-NP
unraveled VBD B-VP
this DT B-NP
summer NN I-NP
as IN B-SBAR
thousands NNS B-NP
of IN B-PP
his PRP$ B-NP
countrymen NNS I-NP
, , O
dissatisfied JJ B-VP
by IN B-PP
the DT B-NP
harshness NN I-NP
of IN B-PP
his PRP$ B-NP
rule NN I-NP
, , O
fled VBD B-VP
to TO B-PP
the DT B-NP
West NNP I-NP
. . O

Thousands NNS B-NP
more RBR I-NP
have VBP B-VP
taken VBN I-VP
to TO B-PP
the DT B-NP
streets NNS I-NP
in IN B-PP
the DT B-NP
last JJ I-NP
month NN I-NP
in IN B-PP
East NNP B-NP
Germany NNP I-NP
's POS B-NP
largest JJS I-NP
wave NN I-NP
of IN B-PP
domestic JJ B-NP
unrest NN I-NP
since IN B-PP
a DT B-NP
workers NNS I-NP
' POS B-NP
uprising NN I-NP
in IN B-PP
1953 CD B-NP
. . O

In IN B-PP
Washington NNP B-NP
, , O
the DT B-NP
Bush NNP I-NP
administration NN I-NP
took VBD B-VP
a DT B-NP
characteristically RB I-NP
cautious JJ I-NP
and CC I-NP
skeptical JJ I-NP
view NN I-NP
of IN B-PP
the DT B-NP
leadership NN I-NP
change NN I-NP
. . O

The DT B-NP
official JJ I-NP
line NN I-NP
was VBD B-VP
to TO B-VP
offer VB I-VP
warmer JJR B-NP
ties NNS I-NP
to TO B-PP
Mr. NNP B-NP
Krenz NNP I-NP
, , O
provided VBD B-PP
he PRP B-NP
is VBZ B-VP
willing JJ B-ADJP
to TO B-VP
institute VB I-VP
reforms NNS B-NP
. . O

But CC O
U.S. NNP B-NP
officials NNS I-NP
have VBP B-VP
strong JJ B-NP
doubts NNS I-NP
that IN B-SBAR
he PRP B-NP
is VBZ B-VP
a DT B-NP
reformer NN I-NP
. . O

President NNP B-NP
Bush NNP I-NP
told VBD B-VP
reporters NNS B-NP
: : O
`` `` O
Whether IN B-SBAR
that DT B-NP
-LCB- ( O
the DT B-NP
leadership NN I-NP
change NN I-NP
-RCB- ) O
reflects VBZ B-VP
a DT B-NP
change NN I-NP
in IN B-PP
East-West NNP B-NP
relations NNS I-NP
, , O
I PRP B-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
so RB B-ADVP
. . O

Because IN B-SBAR
Mr. NNP B-NP
Krenz NNP I-NP
has VBZ B-VP
been VBN I-VP
very RB B-ADVP
much RB I-ADVP
in IN B-PP
accord NN B-NP
with IN B-PP
the DT B-NP
policies NNS I-NP
of IN B-PP
Honecker NNP B-NP
. . O
'' '' O

One CD B-NP
top JJ I-NP
U.S. NNP I-NP
expert NN I-NP
on IN B-PP
East NNP B-NP
Germany NNP I-NP
added VBD B-VP
: : O
`` `` O
There EX B-NP
is VBZ B-VP
no DT B-NP
clear-cut JJ I-NP
champion NN I-NP
of IN B-PP
reform NN B-NP
, , O
that IN B-NP
we PRP B-NP
know VBP B-VP
of IN B-PP
, , O
in IN B-PP
the DT B-NP
East JJ I-NP
German JJ I-NP
leadership NN I-NP
. . O
'' '' O

Indeed RB B-ADVP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
said VBD B-VP
on IN B-PP
East JJ B-NP
German JJ I-NP
television NN I-NP
last JJ B-NP
night NN I-NP
that IN B-SBAR
there EX B-NP
will MD B-VP
be VB I-VP
no DT B-NP
sharing NN I-NP
of IN B-PP
power NN B-NP
with IN B-PP
pro-democracy JJ B-NP
groups NNS I-NP
. . O

He PRP B-NP
said VBD B-VP
, , O
while IN B-SBAR
dialogue NN B-NP
is VBZ B-VP
important JJ B-ADJP
, , O
enough JJ B-NP
forums NNS I-NP
already RB B-ADVP
exist VBP B-VP
`` `` O
in IN B-PP
which WDT B-NP
different JJ B-NP
interests NNS I-NP
'' '' O
can MD B-VP
express VB I-VP
themselves PRP B-NP
. . O

The DT B-NP
removal NN I-NP
of IN B-PP
Mr. NNP B-NP
Honecker NNP I-NP
was VBD B-VP
apparently RB B-ADVP
the DT B-NP
result NN I-NP
of IN B-PP
bitter JJ B-NP
infighting NN I-NP
within IN B-PP
the DT B-NP
top JJ I-NP
ranks NNS I-NP
of IN B-PP
the DT B-NP
Communist NNP I-NP
party NN I-NP
. . O

According VBG B-PP
to TO B-PP
West JJ B-NP
German JJ I-NP
government NN I-NP
sources NNS I-NP
, , O
Mr. NNP B-NP
Honecker NNP I-NP
and CC O
several JJ B-NP
senior JJ I-NP
Politburo NNP I-NP
members NNS I-NP
fought VBD B-VP
over IN B-PP
the DT B-NP
last JJ I-NP
week NN I-NP
to TO B-VP
delay VB I-VP
any DT B-NP
decisions NNS I-NP
about IN B-PP
a DT B-NP
leadership NN I-NP
change NN I-NP
. . O

But CC O
, , O
with IN B-PP
public JJ B-NP
demonstrations NNS I-NP
in IN B-PP
the DT B-NP
country NN I-NP
growing VBG B-VP
in IN B-PP
size NN B-NP
and CC I-NP
intensity NN I-NP
, , O
Mr. NNP B-NP
Honecker NNP I-NP
and CC O
several JJ B-NP
key JJ I-NP
allies NNS I-NP
lost VBD B-VP
out IN B-ADVP
in IN B-PP
this DT B-NP
battle NN I-NP
, , O
officials NNS B-NP
say VBP B-VP
. . O

Those DT B-NP
allies NNS I-NP
included VBD B-VP
Politburo NNP O
members NNS O
Guenter NNP O
Mittag NNP O
, , O
who WP B-NP
has VBZ B-VP
long RB I-VP
headed VBN I-VP
economic JJ B-NP
affairs NNS I-NP
, , B-NP
and CC I-NP
Joachim NNP I-NP
Hermann NNP I-NP
, , O
chief NN B-NP
of IN B-PP
information NN B-NP
policy NN I-NP
. . O

Both DT B-NP
men NNS I-NP
were VBD B-VP
also RB I-VP
relieved VBN I-VP
of IN B-PP
their PRP$ B-NP
duties NNS I-NP
yesterday NN B-NP
. . O

Although IN B-SBAR
other JJ B-NP
resignations NNS I-NP
may MD B-VP
follow VB I-VP
, , O
it PRP B-NP
's VBZ B-VP
still RB B-ADVP
not RB O
clear JJ B-ADJP
to TO B-PP
what WP B-NP
extent NN I-NP
the DT B-NP
change NN I-NP
in IN B-PP
party NN B-NP
personnel NNS I-NP
will MD B-VP
alter VB I-VP
the DT B-NP
government NN I-NP
's POS B-NP
resistance NN I-NP
to TO B-PP
fundamental JJ B-NP
change NN I-NP
. . O

Clearly RB B-ADVP
, , O
the DT B-NP
central JJ I-NP
figure NN I-NP
in IN B-PP
this DT B-NP
process NN I-NP
is VBZ B-VP
Egon NNP B-NP
Krenz NNP I-NP
. . O

Born VBN B-VP
in IN B-PP
1937 CD B-NP
in IN B-PP
a DT B-NP
Baltic NNP I-NP
Sea NNP I-NP
town NN I-NP
now JJ B-ADVP
part NN B-NP
of IN B-PP
Poland NNP B-NP
, , O
he PRP B-NP
was VBD B-VP
eight CD B-NP
years NNS I-NP
old JJ B-ADJP
when WRB B-ADVP
World NNP B-NP
War NNP I-NP
II NNP I-NP
ended VBD B-VP
. . O

Like IN B-PP
West JJ B-NP
German NNP I-NP
Chancellor NNP I-NP
Helmut NNP I-NP
Kohl NNP I-NP
, , O
he PRP B-NP
represents VBZ B-VP
the DT B-NP
postwar JJ I-NP
generation NN I-NP
that WDT B-NP
has VBZ B-VP
grown VBN I-VP
up IN B-ADVP
during IN B-PP
Germany NNP B-NP
's POS B-NP
division NN I-NP
. . O

Since IN B-PP
joining VBG B-VP
the DT B-NP
Politburo NNP I-NP
in IN B-PP
1983 CD B-NP
as IN B-PP
its PRP$ B-NP
youngest JJS I-NP
member NN I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
had VBD B-VP
acquired VBN I-VP
the DT B-NP
nickname NN I-NP
`` `` O
crown NN B-NP
prince NN I-NP
, , O
'' '' O
a DT B-NP
reference NN I-NP
to TO B-PP
the DT B-NP
widely RB I-NP
held VBN I-NP
view NN I-NP
that IN B-SBAR
he PRP B-NP
was VBD B-VP
the DT B-NP
hand-picked JJ I-NP
successor NN I-NP
to TO B-PP
Mr. NNP B-NP
Honecker NNP I-NP
. . O

In IN B-PP
fact NN B-NP
, , O
the DT B-NP
two CD I-NP
men NNS I-NP
have VBP B-VP
had VBN I-VP
strikingly RB B-NP
similar JJ I-NP
career NN I-NP
paths NNS I-NP
, , O
both DT B-NP
having VBG B-VP
served VBN I-VP
as IN B-PP
chief NN B-NP
of IN B-PP
internal JJ B-NP
security NN I-NP
before IN B-PP
their PRP$ B-NP
rise NN I-NP
to TO B-PP
the DT B-NP
top JJ I-NP
party NN I-NP
position NN I-NP
. . O

Moreover RB B-ADVP
, , O
both DT B-NP
men NNS I-NP
have VBP B-VP
hewn VBN I-VP
to TO B-PP
a DT B-NP
similar JJ I-NP
hard-line JJ I-NP
philosophy NN I-NP
. . O

Notably RB B-ADVP
, , O
one CD B-NP
of IN B-PP
Mr. NNP B-NP
Krenz NNP I-NP
's POS B-NP
few JJ I-NP
official JJ I-NP
visits NNS I-NP
overseas NN B-ADVP
came VBD B-VP
a DT B-NP
few JJ I-NP
months NNS I-NP
ago RB B-ADVP
, , O
when WRB B-ADVP
he PRP B-NP
visited VBD B-VP
China NNP B-NP
after IN B-PP
the DT B-NP
massacre NN I-NP
in IN B-PP
Beijing NNP B-NP
. . O

He PRP B-NP
later RB B-ADVP
defended VBD B-VP
the DT B-NP
Chinese JJ I-NP
government NN I-NP
's POS B-NP
response NN I-NP
during IN B-PP
a DT B-NP
separate JJ I-NP
visit NN I-NP
to TO B-PP
West NNP B-NP
Germany NNP I-NP
. . O

East JJ B-NP
German NNP I-NP
Protestantism NNP I-NP
in IN B-PP
particular JJ B-ADJP
fears NNS B-VP
Mr. NNP B-NP
Krenz NNP I-NP
, , O
in IN B-PP
part NN B-NP
because IN B-PP
of IN I-PP
an DT B-NP
incident NN I-NP
in IN B-PP
January NNP B-NP
1988 CD I-NP
when WRB B-ADVP
he PRP B-NP
was VBD B-VP
believed VBN I-VP
to TO I-VP
have VB I-VP
ordered VBN I-VP
the DT B-NP
arrest NN I-NP
of IN B-PP
hundreds NNS B-NP
of IN B-PP
dissidents NNS B-NP
who WP B-NP
had VBD B-VP
sought VBN I-VP
refuge NN B-NP
in IN B-PP
the DT B-NP
Church NNP I-NP
. . O

However RB B-ADVP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
also RB B-ADVP
has VBZ B-VP
a DT B-NP
reputation NN I-NP
for IN B-PP
being VBG B-VP
politically RB B-ADJP
savvy JJ I-ADJP
. . O

His PRP$ B-NP
shrewd JJ I-NP
ability NN I-NP
to TO B-VP
read VB I-VP
the DT B-NP
shifting VBG I-NP
popular JJ I-NP
mood NN I-NP
in IN B-PP
East NNP B-NP
Germany NNP I-NP
is VBZ B-VP
best RBS I-VP
illustrated VBN I-VP
by IN B-PP
his PRP$ B-NP
apparent JJ I-NP
break NN I-NP
with IN B-PP
his PRP$ B-NP
old JJ I-NP
mentor NN I-NP
, , O
Mr. NNP B-NP
Honecker NNP I-NP
. . O

Indeed RB B-ADVP
, , O
according VBG B-PP
to TO B-PP
West JJ B-NP
German JJ I-NP
government NN I-NP
sources NNS I-NP
, , O
he PRP B-NP
was VBD B-VP
one CD B-NP
of IN B-PP
the DT B-NP
leaders NNS I-NP
in IN B-PP
the DT B-NP
power NN I-NP
struggle NN I-NP
that WDT B-NP
toppled VBD B-VP
Mr. NNP B-NP
Honecker NNP I-NP
. . O

In IN B-PP
recent JJ B-NP
days NNS I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
has VBZ B-VP
sought VBN I-VP
to TO I-VP
project VB I-VP
a DT B-NP
kinder JJR I-NP
image NN I-NP
. . O

According VBG B-PP
to TO B-PP
a DT B-NP
report NN I-NP
widely RB B-VP
circulating VBG I-VP
in IN B-PP
East NNP B-NP
Berlin NNP I-NP
, , O
it PRP B-NP
was VBD B-VP
Mr. NNP B-NP
Krenz NNP I-NP
who WP B-NP
ordered VBD B-VP
police NN B-NP
to TO B-VP
stop VB I-VP
using VBG I-VP
excessive JJ B-NP
force NN I-NP
against IN B-PP
demonstrators NNS B-NP
in IN B-PP
Leipzig NNP B-NP
. . O

`` `` O
He PRP B-NP
does VBZ B-VP
n't RB I-VP
want VB I-VP
to TO I-VP
have VB I-VP
the DT B-NP
image NN I-NP
of IN B-PP
the DT B-NP
gun NN I-NP
man NN I-NP
, , O
'' '' O
says VBZ B-VP
Fred NNP B-NP
Oldenburg NNP I-NP
, , O
an DT B-NP
expert NN I-NP
at IN B-PP
the DT B-NP
Bonn-sponsored NNP I-NP
Institute NNP I-NP
of IN B-PP
East NNP B-NP
European JJ I-NP
and CC I-NP
International NNP I-NP
Studies NNS I-NP
in IN B-PP
Cologne NNP B-NP
. . O

`` `` O
He PRP B-NP
's VBZ B-VP
not RB O
a DT B-NP
reformer JJ I-NP
-- : O
he PRP B-NP
wants VBZ B-VP
to TO I-VP
have VB I-VP
the DT B-NP
image NN I-NP
of IN B-PP
a DT B-NP
reformer NN I-NP
. . O
'' '' O

As IN B-PP
part NN B-NP
of IN B-PP
his PRP$ B-NP
image NN I-NP
polishing VBG I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
take VB I-VP
modest JJ B-NP
steps NNS I-NP
toward IN B-PP
reform NN B-NP
to TO B-VP
rebuild VB I-VP
confidence NN B-NP
among IN B-PP
the DT B-NP
people NNS I-NP
and CC O
reassert VB B-VP
the DT B-NP
party NN I-NP
's POS B-NP
authority NN I-NP
. . O

Besides IN B-PP
sacking VBG B-VP
other JJ B-NP
senior JJ I-NP
Politburo NNP I-NP
officials NNS I-NP
who WP B-NP
allied VBD B-VP
themselves PRP B-NP
with IN B-PP
Mr. NNP B-NP
Honecker NNP I-NP
, , O
Mr. NNP B-NP
Krenz NNP I-NP
could MD B-VP
loosen VB I-VP
controls NNS B-NP
on IN B-PP
the DT B-NP
news NN I-NP
media NNS I-NP
, , O
free JJ B-VP
up IN B-PRT
travel NN B-NP
restrictions NNS I-NP
, , O
and CC O
establish VB B-VP
a DT B-NP
dialogue NN I-NP
with IN B-PP
various JJ B-NP
dissident JJ I-NP
groups NNS I-NP
. . O

But CC O
will MD O
it PRP B-NP
be VB B-VP
enough RB B-ADJP
? . O

West JJ B-NP
German JJ I-NP
government NN I-NP
officials NNS I-NP
and CC O
Western JJ B-NP
analysts NNS I-NP
are VBP B-VP
doubtful JJ B-ADJP
. . O

`` `` O
He PRP B-NP
does VBZ B-VP
n't RB I-VP
signify VB I-VP
what WP B-NP
people NNS B-NP
want VBP B-VP
, , O
so RB O
the DT B-NP
unrest NN I-NP
will MD B-VP
go VB I-VP
on IN B-ADVP
, , O
'' '' O
Mr. NNP B-NP
Oldenburg NNP I-NP
predicts VBZ B-VP
. . O

At IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
the DT B-NP
expectations NNS I-NP
of IN B-PP
the DT B-NP
East JJ I-NP
German JJ I-NP
people NNS I-NP
are VBP B-VP
great JJ B-ADJP
and CC O
will MD B-VP
continue VB I-VP
to TO I-VP
grow VB I-VP
. . O

Says VBZ B-VP
one CD B-NP
West JJ I-NP
German JJ I-NP
official NN I-NP
: : O
`` `` O
What WP B-NP
's VBZ B-VP
necessary JJ B-ADJP
now RB B-ADVP
is VBZ B-VP
the DT B-NP
process NN I-NP
of IN B-PP
democratization NN B-NP
. . O

Not RB B-ADVP
just RB I-ADVP
that IN B-SBAR
people NNS B-NP
are VBP B-VP
being VBG I-VP
heard VBN I-VP
but CC O
that IN B-SBAR
their PRP$ B-NP
interests NNS I-NP
are VBP B-VP
being VBG I-VP
taken VBN I-VP
seriously RB B-ADVP
. . O
'' '' O

Chancellor NNP B-NP
Kohl NNP I-NP
, , O
meanwhile RB B-ADVP
, , O
has VBZ B-VP
invited VBN I-VP
Mr. NNP B-NP
Krenz NNP I-NP
to TO B-VP
open VB I-VP
discussions NNS B-NP
with IN B-PP
Bonn NNP B-NP
on IN B-PP
a DT B-NP
wide JJ I-NP
range NN I-NP
of IN B-PP
subjects NNS B-NP
. . O

Reports NNS B-NP
in IN B-PP
the DT B-NP
West JJ I-NP
German JJ I-NP
press NN I-NP
, , O
citing VBG B-VP
sources NNS B-NP
in IN B-PP
East NNP B-NP
Germany NNP I-NP
, , O
suggest VBP B-VP
Mr. NNP B-NP
Krenz NNP I-NP
may MD B-VP
serve VB I-VP
only RB B-ADVP
as IN B-PP
a DT B-NP
bridge NN I-NP
between IN B-PP
Mr. NNP B-NP
Honecker NNP I-NP
and CC O
a DT B-NP
genuine JJ I-NP
reform NN I-NP
leader NN I-NP
. . O

Adding VBG B-VP
to TO B-PP
that DT B-NP
speculation NN I-NP
is VBZ B-VP
Mr. NNP B-NP
Krenz NNP I-NP
's POS B-NP
reputation NN I-NP
as IN B-PP
a DT B-NP
heavy JJ I-NP
drinker NN I-NP
, , O
who WP B-NP
is VBZ B-VP
said VBD I-VP
to TO I-VP
also RB I-VP
suffer VB I-VP
from IN B-PP
diabetes NN B-NP
. . O

`` `` O
This DT B-NP
is VBZ B-VP
a DT B-NP
dynamic JJ I-NP
process NN I-NP
and CC O
we PRP B-NP
're VBP B-VP
experiencing VBG I-VP
the DT B-NP
first JJ I-NP
step NN I-NP
, , O
'' '' O
the DT B-NP
Bonn NNP I-NP
official NN I-NP
adds VBZ B-VP
. . O

The DT B-NP
selection NN I-NP
of IN B-PP
Mr. NNP B-NP
Krenz NNP I-NP
may MD B-VP
also RB I-VP
disappoint VB I-VP
Moscow NNP B-NP
. . O

Soviet JJ B-NP
leader NN I-NP
Mikhail NNP I-NP
Gorbachev NNP I-NP
has VBZ B-VP
pressed VBN I-VP
hard JJ B-ADVP
for IN B-PP
a DT B-NP
change NN I-NP
in IN B-PP
East NNP B-NP
Germany NNP I-NP
's POS B-NP
rigid JJ I-NP
stance NN I-NP
. . O

Two CD B-NP
reform-minded JJ I-NP
party NN I-NP
leaders NNS I-NP
favored VBN B-VP
by IN B-PP
Moscow NNP B-NP
as IN B-PP
possible JJ B-NP
successors NNS I-NP
to TO B-PP
Mr. NNP B-NP
Honecker NNP I-NP
, , O
Dresden NNP B-NP
party NN I-NP
secretary NN I-NP
Hans NNP I-NP
Modrow NNP I-NP
and CC O
Politburo NNP B-NP
member NN I-NP
Guenter NNP I-NP
Schabowski NNP I-NP
, , O
were VBD B-VP
passed VBN I-VP
over RB B-ADVP
. . O

If IN B-SBAR
Mr. NNP B-NP
Krenz NNP I-NP
sticks VBZ B-VP
to TO B-PP
rigid JJ B-NP
policies NNS I-NP
the DT B-NP
pressure NN I-NP
from IN B-PP
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
could MD B-VP
intensify VB I-VP
. . O

In IN B-PP
Moscow NNP B-NP
, , O
Mr. NNP B-NP
Gorbachev NNP I-NP
sent VBD B-VP
Mr. NNP B-NP
Krenz NNP I-NP
a DT B-NP
congratulatory JJ I-NP
telegram NN I-NP
that WDT B-NP
appeared VBD B-VP
to TO I-VP
urge VB I-VP
the DT B-NP
new JJ I-NP
leadership NN I-NP
to TO B-VP
heed VB I-VP
growing VBG B-NP
calls VBZ I-NP
for IN B-PP
change NN B-NP
. . O

According VBG B-PP
to TO B-PP
the DT B-NP
Soviet JJ I-NP
news NN I-NP
agency NN I-NP
Tass NNP B-NP
, , O
`` `` O
Gorbachev NNP B-NP
expressed VBD B-VP
the DT B-NP
conviction NN I-NP
that IN B-SBAR
the DT B-NP
leadership NN I-NP
of IN B-PP
the DT B-NP
Socialist NNP I-NP
Unity NNP I-NP
Party NNP I-NP
of IN B-PP
-LCB- ( B-NP
East NNP I-NP
-RCB- ) I-NP
Germany NNP I-NP
, , O
being VBG B-VP
sensitive JJ B-ADJP
to TO B-PP
the DT B-NP
demands NNS I-NP
of IN B-PP
the DT B-NP
time NN I-NP
, , O
... : O
will MD B-VP
find VB I-VP
solutions NNS B-NP
to TO B-PP
complicated VBN B-NP
problems NNS I-NP
the DT B-NP
GDR NNP I-NP
-LCB- ( O
German JJ B-NP
Democratic NNP I-NP
Republic NNP I-NP
-RCB- ) O
encountered VBN B-VP
. . O
'' '' O

A DT B-NP
force NN I-NP
of IN B-PP
younger JJR B-NP
pro-Gorbachev JJ I-NP
members NNS I-NP
in IN B-PP
the DT B-NP
East JJ I-NP
German JJ I-NP
bureaucracy NN I-NP
has VBZ B-VP
for IN B-PP
some DT B-NP
time NN I-NP
been VBN B-VP
pushing VBG I-VP
for IN B-PP
relaxation NN B-NP
within IN B-PP
their PRP$ B-NP
country NN I-NP
. . O

The DT B-NP
older JJR I-NP
generation NN I-NP
has VBZ B-VP
been VBN I-VP
torn VBN I-VP
between IN B-PP
a DT B-NP
fear NN I-NP
of IN B-PP
tampering VBG B-VP
with IN B-PP
the DT B-NP
status NN I-NP
quo FW I-NP
and CC O
a DT B-NP
fear NN I-NP
of IN B-PP
what WP B-NP
might MD B-VP
happen VB I-VP
if IN B-SBAR
they PRP B-NP
did VBD B-VP
n't RB O
. . O

From IN B-PP
the DT B-NP
perspective NN I-NP
of IN B-PP
East NNP B-NP
Germany NNP I-NP
's POS B-NP
old JJ I-NP
guard NN I-NP
, , O
reforms NNS B-NP
that IN B-NP
smack RB B-VP
of IN B-PP
capitalism NN B-NP
and CC O
Western-style JJ B-NP
democracy NN I-NP
could MD B-VP
eliminate VB I-VP
their PRP$ B-NP
country NN I-NP
's POS B-NP
reason NN I-NP
for IN B-PP
being VBG B-NP
. . O

Unlike IN B-PP
the DT B-NP
other JJ I-NP
nations NNS I-NP
of IN B-PP
the DT B-NP
bloc NN I-NP
, , O
East NNP B-NP
Germany NNP I-NP
is VBZ B-VP
a DT B-NP
creature NN I-NP
of IN B-PP
the DT B-NP
Cold NNP I-NP
War NNP I-NP
. . O

Erasing VBG B-VP
the DT B-NP
differences NNS I-NP
still RB B-VP
dividing VBG I-VP
Europe NNP B-NP
, , O
and CC O
the DT B-NP
vast JJ I-NP
international JJ I-NP
reordering NN I-NP
that DT B-NP
implies VBZ B-VP
, , O
wo MD B-VP
n't RB I-VP
endanger VB I-VP
the DT B-NP
statehood NN I-NP
of IN B-PP
a DT B-NP
Poland NNP I-NP
or CC O
a DT B-NP
Hungary NNP I-NP
. . O

But CC O
it PRP B-NP
could MD B-VP
ultimately RB I-VP
lead VB I-VP
to TO B-PP
German JJ B-NP
reunification NN I-NP
and CC O
the DT B-NP
disappearance NN I-NP
of IN B-PP
East NNP B-NP
Germany NNP I-NP
from IN B-PP
the DT B-NP
map NN I-NP
. . O

Which WDT B-NP
is VBZ B-VP
what WP B-NP
the DT B-NP
Old NNP I-NP
Guard NNP I-NP
fears NNS B-VP
. . O

`` `` O
I PRP B-NP
'm VBP B-VP
sure JJ B-ADJP
they PRP B-NP
'll MD B-VP
formulate VB I-VP
a DT B-NP
reform NN I-NP
that WDT B-NP
will MD B-VP
be VB I-VP
a DT B-NP
recipe NN I-NP
for IN B-PP
the DT B-NP
GDR NNP I-NP
's POS B-NP
future NN I-NP
as IN B-PP
a DT B-NP
separately RB I-NP
identifiable JJ I-NP
state NN I-NP
, , O
'' '' O
says VBZ B-VP
Michael NNP B-NP
Simmons NNP I-NP
, , O
a DT B-NP
British JJ I-NP
journalist NN I-NP
whose WP$ B-NP
book NN I-NP
on IN B-PP
East NNP B-NP
Germany NNP I-NP
, , O
entitled VBN B-VP
`` `` O
The DT B-NP
Unloved NNP I-NP
Country NNP I-NP
, , O
'' '' O
was VBD B-VP
published VBN I-VP
this DT B-NP
month NN I-NP
. . O

Up IN B-PP
to TO B-PP
now RB B-NP
, , O
that DT B-NP
recipe NN I-NP
has VBZ B-VP
consisted VBN I-VP
of IN B-PP
a DT B-NP
dogged VBN I-NP
effort NN I-NP
by IN B-PP
former JJ B-NP
leader NN I-NP
Walter NNP I-NP
Ulbricht NNP I-NP
to TO B-VP
establish VB I-VP
the DT B-NP
country NN I-NP
's POS B-NP
international JJ I-NP
legitimacy NN I-NP
, , O
followed VBN B-VP
by IN B-PP
Mr. NNP B-NP
Honecker NNP I-NP
's POS B-NP
campaign NN I-NP
to TO B-VP
build VB I-VP
the DT B-NP
East NNP I-NP
bloc NN I-NP
's POS B-NP
only RB I-NP
successful JJ I-NP
Stalinist JJ I-NP
economy NN I-NP
into IN B-PP
a DT B-NP
consumer NN I-NP
paradise NN I-NP
. . O

Neither CC B-NP
man NN I-NP
achieved VBD B-VP
perfection NN B-NP
. . O

Early RB B-ADVP
in IN B-PP
1987 CD B-NP
, , O
Mr. NNP B-NP
Honecker NNP I-NP
and CC O
his PRP$ B-NP
team NN I-NP
stopped VBD B-VP
paying VBG I-VP
thin JJ B-NP
compliments NNS I-NP
to TO B-PP
Mr. NNP B-NP
Gorbachev NNP I-NP
and CC O
joined VBD B-VP
with IN B-PP
Romania NNP B-NP
in IN B-PP
rejecting VBG B-VP
any DT B-NP
necessity NN I-NP
for IN B-PP
adjustments NNS B-NP
in IN B-PP
their PRP$ B-NP
systems NNS I-NP
. . O

The DT B-NP
less-self-confident JJ I-NP
Czechoslovaks NNPS I-NP
and CC I-NP
Bulgarians NNPS I-NP
, , O
in IN B-PP
contrast NN B-NP
, , O
declared VBD B-VP
their PRP$ B-NP
intentions NNS I-NP
to TO B-VP
reform VB I-VP
, , O
while IN B-SBAR
doing VBG B-VP
nothing NN B-NP
concrete JJ B-ADJP
about IN B-PP
it PRP B-NP
. . O

The DT B-NP
East JJ I-NP
German JJ I-NP
media NNS I-NP
soon RB B-ADVP
began VBD B-VP
presenting VBG I-VP
Mr. NNP B-NP
Gorbachev NNP I-NP
's POS B-NP
speeches NNS I-NP
only RB B-ADVP
as IN B-PP
sketchy JJ B-NP
summaries NNS I-NP
, , O
and CC O
giving VBG B-VP
space NN B-NP
to TO B-PP
his PRP$ B-NP
opponents NNS I-NP
. . O

By IN B-PP
late JJ B-NP
1988 CD I-NP
, , O
they PRP B-NP
were VBD B-VP
banning VBG I-VP
Soviet JJ B-NP
publications NNS I-NP
. . O

The DT B-NP
country NN I-NP
abandoned VBD B-VP
its PRP$ B-NP
former JJ I-NP
devotion NN I-NP
to TO B-PP
socialist JJ B-NP
unity NN I-NP
and CC O
took VBD B-VP
to TO B-PP
insisting VBG B-VP
instead RB B-ADVP
that IN B-SBAR
each DT B-NP
country NN I-NP
in IN B-PP
the DT B-NP
bloc NN I-NP
ought MD B-VP
to TO I-VP
travel VB I-VP
its PRP$ B-NP
own JJ I-NP
road NN I-NP
. . O

Mr. NNP B-NP
Honecker NNP I-NP
spoke VBD B-VP
of IN B-PP
`` `` O
generally RB B-NP
valid JJ I-NP
objective NN I-NP
laws NNS I-NP
of IN B-PP
socialism NN B-NP
'' '' O
and CC O
left VBD B-VP
no DT B-NP
room NN I-NP
for IN B-PP
debate NN B-NP
. . O

With IN B-PP
this DT B-NP
year NN I-NP
's POS B-NP
dislocations NNS I-NP
in IN B-PP
China NNP B-NP
and CC O
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
, , O
and CC O
the DT B-NP
drive NN I-NP
to TO B-PP
democracy NN B-NP
in IN B-PP
Poland NNP B-NP
and CC I-NP
Hungary NNP I-NP
, , O
the DT B-NP
East JJ I-NP
German JJ I-NP
leadership NN I-NP
grew VBD B-VP
still RB B-ADJP
more RBR I-ADJP
defensive JJ B-ADJP
. . O

Politburo NNP B-NP
member NN I-NP
Joachim NNP I-NP
Herrman NNP I-NP
confessed VBD B-VP
to TO B-PP
a DT B-NP
`` `` I-NP
grave JJ I-NP
concern NN I-NP
'' '' O
over IN B-PP
Hungarian JJ B-NP
democracy NN I-NP
. . O

`` `` O
Under IN B-PP
the DT B-NP
banner NN I-NP
that WDT B-NP
proclaims VBZ B-VP
the DT B-NP
` `` I-NP
renewal NN I-NP
of IN B-PP
socialism NN B-NP
, , O
' '' O
'' '' O
he PRP B-NP
said VBD B-VP
, , O
`` `` O
forces NNS B-NP
are VBP B-VP
at IN B-PP
work NN B-NP
that WDT B-NP
are VBP B-VP
striving VBG I-VP
to TO I-VP
eliminate VB I-VP
socialism NN B-NP
. . O
'' '' O

Some DT B-NP
loyal JJ I-NP
voices NNS I-NP
, , O
in IN B-PP
and CC B-PP
out IN B-PP
of IN B-PP
the DT B-NP
East JJ I-NP
German NNP I-NP
Communist NNP I-NP
party NN I-NP
, , O
saw VBD B-VP
the DT B-NP
nation NN I-NP
's POS B-NP
unrest NN I-NP
coming VBG B-VP
. . O

The DT B-NP
first JJ I-NP
signs NNS I-NP
were VBD B-VP
economic JJ B-ADJP
. . O

Despite IN B-PP
heavily RB B-NP
subsidized JJ I-NP
consumer NN I-NP
industries NNS I-NP
, , O
East NNP B-NP
Germans NNPS I-NP
have VBP B-VP
for IN B-PP
years NNS B-NP
watched VBD B-VP
the DT B-NP
West NNP I-NP
pull NN B-VP
farther RB B-ADVP
out IN I-ADVP
ahead RB I-ADVP
. . O

In IN B-PP
1988 CD B-NP
, , O
for IN B-PP
the DT B-NP
first JJ I-NP
time NN I-NP
, , O
economic JJ B-NP
growth NN I-NP
came VBD B-VP
to TO B-PP
a DT B-NP
dead JJ I-NP
stop NN I-NP
. . O

Gingerly RB B-ADVP
, , O
some DT B-NP
economists NNS I-NP
began VBD B-VP
to TO I-VP
blame VB I-VP
central JJ B-NP
planning NN I-NP
. . O

Some DT B-NP
writers NNS I-NP
in IN B-PP
theoretical JJ B-NP
journals NNS I-NP
even RB B-ADVP
raised VBN B-VP
the DT B-NP
notion NN I-NP
of IN B-PP
introducing VBG B-VP
democracy NN B-NP
, , O
at IN B-ADVP
least JJS I-ADVP
in IN B-PP
the DT B-NP
workplace NN I-NP
. . O

By IN B-PP
summer NN B-NP
, , O
an DT B-NP
independent JJ I-NP
reform NN I-NP
movement NN I-NP
was VBD B-VP
saying VBG I-VP
out IN B-ADVP
loud JJ I-ADVP
what WP B-NP
it PRP B-NP
had VBD B-VP
only RB I-VP
whispered VBN I-VP
before RB B-ADVP
. . O

But CC O
they PRP B-NP
are VBP B-VP
stalwart JJ B-NP
socialists NNS I-NP
. . O

Their PRP$ B-NP
proclaimed VBD I-NP
purpose NN I-NP
is VBZ B-VP
to TO B-VP
cleanse VB I-VP
East NNP B-NP
Germany NNP I-NP
of IN B-PP
its PRP$ B-NP
Stalinist JJ I-NP
muck NN I-NP
, , O
not RB O
to TO B-VP
merge VB I-VP
with IN B-PP
the DT B-NP
West NNP I-NP
. . O

One CD B-NP
of IN B-PP
their PRP$ B-NP
pastors NNS I-NP
has VBZ B-VP
envisioned VBN I-VP
a DT B-NP
`` `` I-NP
new JJ I-NP
utopia NN I-NP
'' '' O
of IN B-PP
`` `` O
creative JJ B-NP
socialism NN I-NP
. . O
'' '' O

Meanwhile RB B-ADVP
, , O
the DT B-NP
man NN I-NP
Mr. NNP B-NP
Krenz NNP I-NP
replaces VBZ B-VP
has VBZ B-VP
left VBN I-VP
an DT B-NP
indelible JJ I-NP
mark NN I-NP
on IN B-PP
East JJ B-NP
German JJ I-NP
society NN I-NP
. . O

Imprisoned VBN B-VP
by IN B-PP
the DT B-NP
Nazis NNPS I-NP
during IN B-PP
World NNP B-NP
War NNP I-NP
II NNP I-NP
for IN B-PP
his PRP$ B-NP
political JJ I-NP
beliefs NNS I-NP
, , O
Mr. NNP B-NP
Honecker NNP I-NP
typified VBD B-VP
the DT B-NP
postwar JJ I-NP
generation NN I-NP
of IN B-PP
committed VBN B-NP
Communist NNP I-NP
leaders NNS I-NP
in IN B-PP
Eastern NNP B-NP
Europe NNP I-NP
who WP B-NP
took VBD B-VP
their PRP$ B-NP
cues NNS I-NP
from IN B-PP
Moscow NNP B-NP
. . O

He PRP B-NP
was VBD B-VP
a DT B-NP
`` `` I-NP
socialist JJ I-NP
warrior NN I-NP
'' '' O
who WP B-NP
felt VBD B-VP
rankled VBN I-VP
by IN B-PP
West NNP B-NP
Germany NNP I-NP
's POS B-NP
enormous JJ I-NP
postwar JJ I-NP
prosperity NN I-NP
and CC O
the DT B-NP
Bonn NNP I-NP
government NN I-NP
's POS B-NP
steadfast JJ I-NP
refusal NN I-NP
to TO B-VP
recognize VB I-VP
the DT B-NP
legitimacy NN I-NP
of IN B-PP
his PRP$ B-NP
state NN I-NP
. . O

Finally RB B-ADVP
, , O
during IN B-PP
his PRP$ B-NP
first JJ I-NP
and CC I-NP
only JJ I-NP
state NN I-NP
visit NN I-NP
to TO B-PP
Bonn NNP B-NP
two CD B-NP
years NNS I-NP
ago RB B-ADVP
, , O
he PRP B-NP
won VBD B-VP
some DT B-NP
measure NN I-NP
of IN B-PP
the DT B-NP
recognition NN I-NP
he PRP B-NP
had VBD B-VP
long JJ I-VP
sought VBD I-VP
. . O

But CC O
ultimately RB B-ADVP
he PRP B-NP
was VBD B-VP
undone VBN I-VP
by IN B-PP
forces NNS B-NP
unleashed VBN B-VP
by IN B-PP
his PRP$ B-NP
own JJ I-NP
comrade NN I-NP
, , O
Mr. NNP B-NP
Gorbachev NNP I-NP
. . O

Mr. NNP B-NP
Honecker NNP I-NP
's POS B-NP
removal NN I-NP
`` `` O
was VBD B-VP
bound VBN I-VP
to TO I-VP
happen VB I-VP
, , O
'' '' O
says VBZ B-VP
one CD B-NP
aide NN I-NP
to TO B-PP
Chancellor NNP B-NP
Kohl NNP I-NP
. . O

`` `` O
It PRP B-NP
was VBD B-VP
only RB B-ADVP
a DT B-NP
matter NN I-NP
of IN B-PP
time NN B-NP
. . O
'' '' O

The DT B-NP
European NNP I-NP
Community NNP I-NP
Commission NNP I-NP
increased VBD B-VP
its PRP$ B-NP
forecast NN I-NP
for IN B-PP
economic JJ B-NP
growth NN I-NP
in IN B-PP
the DT B-NP
EC NNP I-NP
in IN B-PP
1989 CD B-NP
to TO B-PP
3.5 CD B-NP
% NN I-NP
, , O
slightly RB B-ADJP
higher JJR I-ADJP
than IN B-PP
its PRP$ B-NP
June NNP I-NP
projection NN I-NP
of IN B-PP
3.25 CD B-NP
% NN I-NP
. . O

In IN B-PP
its PRP$ B-NP
annual JJ I-NP
economic JJ I-NP
report NN I-NP
for IN B-PP
1989-1990 CD B-NP
, , O
the DT B-NP
commission NN I-NP
also RB B-ADVP
projected VBD B-VP
1990 CD B-NP
gross JJ I-NP
domestic JJ I-NP
product NN I-NP
growth NN I-NP
for IN B-PP
the DT B-NP
12 CD I-NP
EC NNP I-NP
members NNS I-NP
at IN B-PP
3 CD B-NP
% NN I-NP
. . O

EC NNP B-NP
inflation NN I-NP
was VBD B-VP
seen VBN I-VP
at IN B-PP
4.8 CD B-NP
% NN I-NP
in IN B-PP
1989 CD B-NP
, , O
higher JJR B-ADJP
than IN B-PP
1988 CD B-NP
's POS B-NP
3.6 CD B-ADJP
% NN I-ADJP
price NN B-NP
rise NN I-NP
. . O

However RB B-ADVP
, , O
inflation NN B-NP
for IN B-PP
1990 CD B-NP
was VBD B-VP
seen VBN I-VP
slowing VBG I-VP
to TO B-PP
4.5 CD B-NP
% NN I-NP
. . O

Leading VBG B-VP
EC NNP B-NP
growth NN I-NP
forecasts NNS I-NP
in IN B-PP
1989 CD B-NP
was VBD B-VP
Ireland NNP B-NP
, , O
seen VBN B-VP
growing VBG I-VP
5 NN B-NP
% NN I-NP
at IN B-PP
constant JJ B-NP
prices NNS I-NP
. . O

Slower JJR B-NP
growth NN I-NP
countries NNS I-NP
included VBD B-VP
Greece NNP B-NP
, , O
at IN B-PP
2.5 CD B-NP
% NN I-NP
, , O
the DT B-NP
U.K. NNP I-NP
, , O
at IN B-PP
2.25 CD B-NP
% NN I-NP
, , O
and CC O
Denmark NNP B-NP
, , O
at IN B-PP
1.75 CD B-NP
% NN I-NP
. . O

Inflation NN B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
be VB I-VP
highest JJS B-ADJP
in IN B-PP
Greece NNP B-NP
, , O
where WRB B-ADVP
it PRP B-NP
is VBZ B-VP
projected VBN I-VP
at IN B-PP
14.25 CD B-NP
% NN I-NP
, , O
and CC O
Portugal NNP B-NP
, , O
at IN B-PP
13 CD B-NP
% NN I-NP
. . O

At IN B-PP
the DT B-NP
other JJ I-NP
end NN I-NP
of IN B-PP
the DT B-NP
spectrum NN I-NP
, , O
West JJ B-NP
German JJ I-NP
inflation NN I-NP
was VBD B-VP
forecast NN I-VP
at IN B-PP
3 CD B-NP
% NN I-NP
in IN B-PP
1989 CD B-NP
and CC O
2.75 CD B-NP
% NN I-NP
in IN B-PP
1990 CD B-NP
. . O

Nestle NNP B-NP
Korea NNP I-NP
Ltd. NNP I-NP
opened VBD B-VP
a DT B-NP
coffee NN I-NP
and CC I-NP
non-dairy-creamer NN I-NP
plant NN I-NP
in IN B-PP
Chongju NNP B-NP
, , O
South NNP B-NP
Korea NNP I-NP
. . O

An DT B-NP
official NN I-NP
at IN B-PP
Nestle NNP B-NP
Korea NNP I-NP
, , O
a DT B-NP
50-50 JJ I-NP
joint JJ I-NP
venture NN I-NP
between IN B-PP
Nestle NNP B-NP
S.A. NNP I-NP
and CC O
the DT B-NP
Doosan NNP I-NP
Group NNP I-NP
, , O
said VBD B-VP
the DT B-NP
new JJ I-NP
facility NN I-NP
will MD B-VP
manufacture VB I-VP
all DT B-NP
types NNS I-NP
of IN B-PP
soluble JJ B-NP
, , I-NP
roasted VBN I-NP
and CC I-NP
ground NN I-NP
coffee NN I-NP
, , O
coffee NN B-NP
mix NN I-NP
and CC O
nondairy JJ B-NP
coffee NN I-NP
creamer NN I-NP
. . O

The DT B-NP
South JJ I-NP
Korean JJ I-NP
coffee NN I-NP
market NN I-NP
, , O
consisting VBG B-VP
mostly RB B-ADVP
of IN B-PP
instant NN B-NP
coffee NN I-NP
, , O
was VBD B-VP
estimated VBN I-VP
at IN B-PP
about IN B-NP
100 CD I-NP
billion CD I-NP
won VBD I-NP
-LRB- ( O
$ $ B-NP
150.7 CD I-NP
million CD I-NP
-RRB- ) O
last JJ B-NP
year NN I-NP
. . O

Brands NNP B-NP
made VBN B-VP
by IN B-PP
the DT B-NP
Kraft NNP I-NP
General NNP I-NP
Foods NNPS I-NP
unit NN I-NP
of IN B-PP
Philip NNP B-NP
Morris NNP I-NP
Cos. NNP I-NP
had VBD B-VP
about IN B-NP
95 CD I-NP
% NN I-NP
of IN B-PP
the DT B-NP
market NN I-NP
share NN I-NP
. . O

Nestle NNP B-NP
currently RB B-ADVP
has VBZ B-VP
only RB B-NP
about IN I-NP
a DT I-NP
2 CD I-NP
% NN I-NP
share NN I-NP
with IN B-PP
its PRP$ O
Taster NNP B-NP
's POS B-NP
Choice NN I-NP
coffee NN I-NP
. . O

Poland NNP B-NP
plans VBZ B-VP
to TO I-VP
start VB I-VP
negotiations NNS B-NP
soon RB B-ADVP
on IN B-PP
purchasing VBG B-VP
natural JJ B-NP
gas NN I-NP
from IN B-PP
Iran NNP B-NP
, , O
the DT B-NP
official NN I-NP
Islamic NNP I-NP
Republic NNP I-NP
News NNP I-NP
Agency NNP I-NP
reported VBD B-VP
. . O

The DT B-NP
agency NN I-NP
said VBD B-VP
Polish NNP B-NP
Prime NNP I-NP
Minister NNP I-NP
Tadeusz NNP I-NP
Mazowiecki NNP I-NP
told VBD B-VP
Iranian NNP B-NP
Deputy NNP I-NP
Foreign NNP I-NP
Minister NNP I-NP
Mahmoud NNP I-NP
Vaezi NNP I-NP
of IN B-PP
Poland NNP B-NP
's POS B-NP
willingess NN I-NP
to TO B-VP
purchase VB I-VP
the DT B-NP
gas NN I-NP
during IN B-PP
Mr. NNP B-NP
Vaezi NNP I-NP
's POS B-NP
current JJ I-NP
visit NN I-NP
to TO B-PP
Warsaw NNP B-NP
. . O

The DT B-NP
agency NN I-NP
did VBD B-VP
n't RB I-VP
mention VB I-VP
possible JJ B-NP
quantities NNS I-NP
and CC O
did VBD B-VP
n't RB I-VP
say VB I-VP
how WRB B-ADVP
the DT B-NP
gas NN I-NP
would MD B-VP
be VB I-VP
delivered VBN I-VP
. . O

A DT B-NP
Chinese JJ I-NP
official NN I-NP
harshly RB B-VP
criticized VBD I-VP
plans NNS B-NP
to TO B-VP
close VB I-VP
a DT B-NP
British JJ I-NP
naval JJ I-NP
base NN I-NP
in IN B-PP
downtown NN B-NP
Hong NNP I-NP
Kong NNP I-NP
. . O

Hong NNP B-NP
Kong NNP I-NP
officials NNS I-NP
announced VBD B-VP
last JJ B-NP
week NN I-NP
that IN B-SBAR
the DT B-NP
base NN I-NP
will MD B-VP
be VB I-VP
relocated VBN I-VP
to TO B-PP
a DT B-NP
small JJ I-NP
island NN I-NP
to TO B-VP
allow VB I-VP
downtown NN B-NP
redevelopment NN I-NP
. . O

But CC O
Beijing NNP B-NP
wants VBZ B-VP
to TO I-VP
use VB I-VP
the DT B-NP
base NN I-NP
for IN B-PP
the DT B-NP
People NNS I-NP
's POS B-NP
Liberation NNP I-NP
Army NNP I-NP
after IN B-PP
1997 CD B-NP
, , O
when WRB B-ADVP
the DT B-NP
territory NN I-NP
returns NNS B-VP
to TO B-PP
Chinese JJ B-NP
sovereignty NN I-NP
. . O

Ke NNP B-NP
Zaishuo NNP I-NP
, , O
head NN B-NP
of IN B-PP
China NNP B-NP
's POS B-NP
delegation NN I-NP
to TO B-PP
a DT B-NP
Chinese-British JJ I-NP
Liaison NNP I-NP
Committee NNP I-NP
on IN B-PP
Hong NNP B-NP
Kong NNP I-NP
, , O
accused VBN B-VP
Britain NNP B-NP
of IN B-PP
trying VBG B-VP
to TO I-VP
impose VB I-VP
a DT B-NP
fait NN I-NP
accompli NN I-NP
and CC O
said VBD B-VP
, , O
`` `` O
This DT B-NP
is VBZ B-VP
something NN B-NP
we PRP B-NP
can MD B-VP
not RB I-VP
accept VB I-VP
. . O
'' '' O

The DT B-NP
Israeli JJ I-NP
and CC I-NP
Soviet JJ I-NP
national JJ I-NP
airlines NNS I-NP
have VBP B-VP
reached VBN I-VP
preliminary JJ B-NP
agreement NN I-NP
for IN B-PP
launching VBG B-VP
the DT B-NP
first JJ I-NP
direct JJ I-NP
flights NNS I-NP
between IN B-PP
Tel NNP B-NP
Aviv NNP I-NP
and CC O
Moscow NNP B-NP
, , O
a DT B-NP
spokesman NN I-NP
for IN B-PP
the DT B-NP
Israeli JJ I-NP
airline NN I-NP
, , O
El NNP B-NP
Al NNP I-NP
, , O
said VBD B-VP
. . O

El NNP B-NP
Al NNP I-NP
director NN I-NP
Rafi NNP I-NP
Har-Lev NNP I-NP
and CC O
top JJ B-NP
officials NNS I-NP
of IN B-PP
the DT B-NP
Soviet NNP I-NP
Union NNP I-NP
's POS B-NP
Aeroflot NNP I-NP
negotiated VBD B-VP
a DT B-NP
preliminary JJ I-NP
pact NN I-NP
in IN B-PP
Moscow NNP B-NP
this DT B-NP
week NN I-NP
, , O
the DT B-NP
spokesman NN I-NP
said VBD B-VP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
concluding VBG B-VP
the DT B-NP
deal NN I-NP
requires VBZ B-VP
approval NN B-NP
by IN B-PP
the DT B-NP
governments NNS I-NP
of IN B-PP
both DT B-NP
countries NNS I-NP
, , O
which WDT B-NP
have VBP B-VP
never RB I-VP
had VBN I-VP
direct JJ B-NP
air NN I-NP
links NNS I-NP
. . O

The DT B-NP
chairman NN I-NP
and CC O
a DT B-NP
director NN I-NP
of IN B-PP
one CD B-NP
of IN B-PP
the DT B-NP
Republic NNP I-NP
of IN B-PP
Singapore NNP B-NP
's POS B-NP
leading VBG I-NP
property NN I-NP
companies NNS I-NP
, , O
City NNP B-NP
Development NNP I-NP
Ltd. NNP I-NP
, , O
or CC O
CDL NNP B-NP
, , O
were VBD B-VP
charged VBN I-VP
yesterday NN B-NP
with IN B-PP
criminal JJ B-NP
breach NN I-NP
of IN B-PP
trust NN B-NP
of IN B-PP
some DT B-NP
800,000 CD I-NP
Singapore NNP I-NP
dollars NNS I-NP
-LRB- ( O
about IN B-NP
US$ $ I-NP
409,000 CD I-NP
-RRB- ) O
. . O

Kwek NNP B-NP
Hong NNP I-NP
Png NNP I-NP
, , O
chairman NN B-NP
of IN B-PP
CDL NNP B-NP
, , O
and CC O
director NN B-NP
Quek NNP I-NP
Leng NNP I-NP
Chye NNP I-NP
were VBD B-VP
arrested VBN I-VP
by IN B-PP
the DT B-NP
republic NN I-NP
's POS B-NP
Corrupt NNP I-NP
Practices NNP I-NP
Investigation NNP I-NP
Bureau NNP I-NP
Tuesday NNP B-NP
night NN I-NP
. . O

In IN B-PP
addition NN B-NP
to TO B-PP
abetting VBG B-VP
in IN B-PP
the DT B-NP
alleged VBN I-NP
criminal JJ I-NP
breach NN I-NP
of IN B-PP
trust NN B-NP
, , O
Kwek NNP B-NP
Hong NNP I-NP
Png NNP I-NP
was VBD B-VP
also RB I-VP
charged VBN I-VP
with IN B-PP
dishonestly RB B-VP
receiving VBG I-VP
S$ $ B-NP
500,000 CD I-NP
that WDT B-NP
had VBD B-VP
been VBN I-VP
stolen VBN I-VP
. . O

Both DT B-NP
men NNS I-NP
were VBD B-VP
charged VBN I-VP
in IN B-PP
a DT B-NP
subordinate JJ I-NP
court NN I-NP
and CC O
released VBN B-VP
on IN B-PP
bail NN B-NP
of IN B-PP
S$ $ B-NP
1 CD I-NP
million CD I-NP
. . O

The DT B-NP
charges NNS I-NP
are VBP B-VP
the DT B-NP
culmination NN I-NP
of IN B-PP
weeks NNS B-NP
of IN B-PP
rumors NNS B-NP
concerning VBG B-VP
CDL NNP B-NP
that WDT B-NP
have VBP B-VP
depressed VBD I-VP
the DT B-NP
company NN I-NP
's POS B-NP
share NN I-NP
price NN I-NP
and CC O
to TO B-PP
a DT B-NP
lesser JJR I-NP
extent NN I-NP
the DT B-NP
shares NNS I-NP
of IN B-PP
all DT B-NP
companies NNS I-NP
owned VBN B-VP
by IN B-PP
CDL NNP B-NP
's POS B-NP
controlling VBG I-NP
Quek NNP I-NP
family NN I-NP
, , O
brokers NNS B-NP
in IN B-PP
Singapore NNP B-NP
say VBP B-VP
. . O

The DT B-NP
Queks NNPS I-NP
control NN B-VP
the DT B-NP
Hong NNP I-NP
Leong NNP I-NP
Group NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
widespread JJ B-NP
interests NNS I-NP
in IN B-PP
manufacturing NN B-NP
, , I-NP
property NN I-NP
and CC I-NP
finance NN I-NP
in IN B-PP
both DT B-NP
Malaysia NNP I-NP
and CC I-NP
Singapore NNP I-NP
. . O

News NNS B-NP
of IN B-PP
the DT B-NP
arrest NN I-NP
and CC I-NP
charging VBG I-NP
of IN B-PP
the DT B-NP
two CD I-NP
men NNS I-NP
helped VBD B-VP
to TO I-VP
push VB I-VP
prices NNS B-NP
on IN B-PP
the DT B-NP
Singapore NNP I-NP
Stock NNP I-NP
market NN I-NP
sharply RB B-ADJP
lower JJR I-ADJP
in IN B-PP
early JJ B-NP
trading NN I-NP
yesterday NN B-NP
, , O
but CC O
brokers NNS B-NP
said VBD B-VP
that IN B-SBAR
the DT B-NP
market NN I-NP
and CC O
CDL NNP B-NP
shares NNS I-NP
recovered VBD B-VP
once RB B-SBAR
it PRP B-NP
became VBD B-VP
apparent JJ B-ADJP
the DT B-NP
charges NNS I-NP
were VBD B-VP
limited JJ I-VP
to TO B-PP
the DT B-NP
two CD I-NP
men NNS I-NP
personally RB B-ADVP
. . O

One CD B-NP
of IN B-PP
the DT B-NP
two CD I-NP
British JJ I-NP
companies NNS I-NP
still RB B-VP
making VBG I-VP
hard JJ B-NP
toilet NN I-NP
paper NN I-NP
stopped VBD B-VP
production NN B-NP
of IN B-PP
it PRP B-NP
. . O

British JJ B-NP
Tissues NNPS I-NP
decided VBD B-VP
to TO I-VP
do VB I-VP
away RB B-ADVP
with IN B-PP
its PRP$ B-NP
hard JJ I-NP
paper NN I-NP
after IN B-SBAR
a DT B-NP
major JJ I-NP
customer NN I-NP
, , O
British NNP B-NP
Rail NNP I-NP
, , O
switched VBD B-VP
to TO B-PP
softer JJR B-NP
tissues NNS I-NP
for IN B-PP
train NN B-NP
bathrooms NNS I-NP
... : O
. . O

Peasants NNS B-NP
in IN B-PP
Inner NNP B-NP
Mongolia NNP I-NP
have VBP B-VP
partly RB I-VP
dismantled VBN I-VP
a DT B-NP
20-mile JJ I-NP
section NN I-NP
of IN B-PP
China NNP B-NP
's POS B-NP
famed JJ I-NP
Great NNP I-NP
Wall NNP I-NP
, , O
the DT O
official JJ O
People NNS B-NP
's POS B-NP
Daily NNP I-NP
said VBD B-VP
. . O

The DT B-NP
paper NN I-NP
said VBD B-VP
the DT B-NP
bricks NNS I-NP
were VBD B-VP
used VBN I-VP
to TO B-VP
build VB I-VP
homes NNS B-NP
and CC I-NP
furnaces NNS I-NP
and CC O
, , O
as IN B-PP
a DT B-NP
result NN I-NP
, , O
the DT B-NP
wall NN I-NP
`` `` O
is VBZ B-VP
in IN B-PP
terrible JJ B-NP
shape NN I-NP
. . O

Wednesday NNP B-NP
, , O
October NNP B-NP
18 CD I-NP
, , I-NP
1989 CD I-NP

The DT B-NP
key JJ I-NP
U.S. NNP I-NP
and CC I-NP
foreign JJ I-NP
annual JJ I-NP
interest NN I-NP
rates NNS I-NP
below IN B-ADVP
are VBP B-VP
a DT B-NP
guide NN I-NP
to TO B-PP
general JJ B-NP
levels NNS I-NP
but CC O
do VBP B-VP
n't RB I-VP
always RB I-VP
represent VB I-VP
actual JJ B-NP
transactions NNS I-NP
. . O

PRIME JJ B-NP
RATE NN I-NP
: : O
10 CD B-NP
1\/2 CD I-NP
% NN I-NP
. . O

The DT B-NP
base NN I-NP
rate NN I-NP
on IN B-PP
corporate JJ B-NP
loans NNS I-NP
at IN B-PP
large JJ B-NP
U.S. NNP I-NP
money NN I-NP
center NN I-NP
commercial JJ I-NP
banks NNS I-NP
. . O

FEDERAL JJ B-NP
FUNDS NNS I-NP
: : O
8 CD B-NP
15\/16 CD I-NP
% NN I-NP
high JJ B-ADJP
, , O
8 CD B-NP
5\/8 CD I-NP
% NN I-NP
low JJ B-ADJP
, , O
8 CD B-NP
3\/4 CD I-NP
% NN I-NP
near IN B-PP
closing VBG B-NP
bid NN I-NP
, , O
8 CD B-NP
7\/8 CD I-NP
% NN I-NP
offered VBN B-VP
. . O

Reserves NNS B-NP
traded VBN B-VP
among IN B-PP
commercial JJ B-NP
banks NNS I-NP
for IN B-PP
overnight JJ B-NP
use NN I-NP
in IN B-PP
amounts NNS B-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
million CD I-NP
or CC I-NP
more JJR I-NP
. . O

Source NN B-NP
: : O
Fulton NNP B-NP
Prebon NNP I-NP
-LRB- ( O
U.S.A NNP O
. . O
-RRB- ) O
Inc NNP B-NP
. . O

DISCOUNT NN B-NP
RATE NN I-NP
: : O
7 CD B-NP
% NN I-NP
. . O

The DT B-NP
charge NN I-NP
on IN B-PP
loans NNS B-NP
to TO B-PP
depository NN B-NP
institutions NNS I-NP
by IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Federal NNP I-NP
Reserve NNP I-NP
Bank NNP I-NP
. . O

CALL NN B-NP
MONEY NN I-NP
: : O
9 CD B-NP
3\/4 CD I-NP
% NN I-NP
to TO O
10 CD B-NP
% NN I-NP
. . O

The DT B-NP
charge NN I-NP
on IN B-PP
loans NNS B-NP
to TO B-PP
brokers NNS B-NP
on IN B-PP
stock NN B-NP
exchange NN I-NP
collateral NN I-NP
. . O

COMMERCIAL JJ B-NP
PAPER NN I-NP
placed VBN B-VP
directly RB B-ADVP
by IN B-PP
General NNP B-NP
Motors NNPS I-NP
Acceptance NNP I-NP
Corp. NNP I-NP
: : O
8.45 CD B-NP
% NN I-NP
30 CD B-NP
to TO I-NP
44 CD I-NP
days NNS I-NP
; : O
8.25 CD B-NP
% NN I-NP
45 CD B-NP
to TO I-NP
74 CD I-NP
days NNS I-NP
; : O
8.30 CD B-NP
% NN I-NP
75 CD B-NP
to TO I-NP
99 CD I-NP
days NNS I-NP
; : O
7.75 CD B-NP
% NN I-NP
100 CD B-NP
to TO I-NP
179 CD I-NP
days NNS I-NP
; : O
7.50 CD B-NP
% NN I-NP
180 CD B-NP
to TO I-NP
270 CD I-NP
days NNS I-NP
. . O

COMMERCIAL JJ B-NP
PAPER NN I-NP
: : O
High-grade JJ B-NP
unsecured JJ I-NP
notes NNS I-NP
sold VBN B-VP
through IN B-PP
dealers NNS B-NP
by IN B-PP
major JJ B-NP
corporations NNS I-NP
in IN B-PP
multiples NNS B-NP
of IN B-PP
$ $ B-NP
1,000 CD I-NP
: : O
8.55 CD B-NP
% NN I-NP
30 CD B-NP
days NNS I-NP
; : O
8.45 CD B-NP
% NN I-NP
60 CD B-NP
days NNS I-NP
; : O
8.375 CD B-NP
% NN I-NP
90 CD B-NP
days NNS I-NP
. . O

CERTIFICATES NNS B-NP
OF IN B-PP
DEPOSIT NN B-NP
: : O
8.05 CD B-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8.02 CD B-NP
% NN I-NP
two CD B-NP
months NNS I-NP
; : O
8 CD B-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
7.98 CD B-NP
% NN I-NP
six CD B-NP
months NNS I-NP
; : O
7.95 CD B-NP
% NN I-NP
one CD B-NP
year NN I-NP
. . O

Average NNP B-NP
of IN B-PP
top JJ B-NP
rates NNS I-NP
paid VBN B-VP
by IN B-PP
major JJ B-NP
New NNP I-NP
York NNP I-NP
banks NNS I-NP
on IN B-PP
primary JJ B-NP
new JJ I-NP
issues NNS I-NP
of IN B-PP
negotiable JJ B-NP
C.D.s NNS I-NP
, , O
usually RB B-ADVP
on IN B-PP
amounts NNS B-NP
of IN B-PP
$ $ B-NP
1 CD I-NP
million CD I-NP
and CC I-NP
more JJR I-NP
. . O

The DT B-NP
minimum JJ I-NP
unit NN I-NP
is VBZ B-VP
$ $ B-NP
100,000 CD I-NP
. . O

Typical JJ B-NP
rates NNS I-NP
in IN B-PP
the DT B-NP
secondary JJ I-NP
market NN I-NP
: : O
8.53 CD B-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8.48 CD B-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
8.40 CD B-NP
% NN I-NP
six CD B-NP
months NNS I-NP
. . O

BANKERS NNS B-NP
ACCEPTANCES NNS I-NP
: : O
8.42 CD B-NP
% NN I-NP
30 CD B-NP
days NNS I-NP
; : O
8.30 CD B-NP
% NN I-NP
60 CD B-NP
days NNS I-NP
; : O
8.28 CD B-NP
% NN I-NP
90 CD B-NP
days NNS I-NP
; : O
8.15 CD B-NP
% NN I-NP
120 CD B-NP
days NNS I-NP
; : O
8.05 CD B-NP
% NN I-NP
150 CD B-NP
days NNS I-NP
; : O
7.95 CD B-NP
% NN I-NP
180 CD B-NP
days NNS I-NP
. . O

Negotiable JJ B-NP
, , I-NP
bank-backed JJ I-NP
business NN I-NP
credit NN I-NP
instruments NNS I-NP
typically RB B-VP
financing VBG I-VP
an DT B-NP
import NN I-NP
order NN I-NP
. . O

LONDON NNP B-NP
LATE JJ I-NP
EURODOLLARS NNS I-NP
: : O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8 CD B-NP
5\/8 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
1\/2 CD I-NP
% NN I-NP
two CD B-NP
months NNS I-NP
; : O
8 CD B-NP
5\/8 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
1\/2 CD I-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
8 CD B-NP
9\/16 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
7\/16 CD I-NP
% NN I-NP
four CD B-NP
months NNS I-NP
; : O
8 CD B-NP
1\/2 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
3\/8 CD I-NP
% NN I-NP
five CD B-NP
months NNS I-NP
; : O
8 CD B-NP
1\/2 CD I-NP
% NN I-NP
to TO O
8 CD B-NP
3\/8 CD I-NP
% NN I-NP
six CD B-NP
months NNS I-NP
. . O

LONDON NNP B-NP
INTERBANK NNP I-NP
OFFERED NNP I-NP
RATES NNS I-NP
-LRB- ( O
LIBOR NNP B-NP
-RRB- ) O
: : O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
one CD B-NP
month NN I-NP
; : O
8 CD B-NP
11\/16 CD I-NP
% NN I-NP
three CD B-NP
months NNS I-NP
; : O
8 CD B-NP
1\/2 CD I-NP
% NN I-NP
six CD B-NP
months NNS I-NP
; : O
8 CD B-NP
1\/2 CD I-NP
% NN I-NP
one CD B-NP
year NN I-NP
. . O

The DT B-NP
average NN I-NP
of IN B-PP
interbank NN B-NP
offered VBD I-NP
rates NNS I-NP
for IN B-PP
dollar NN B-NP
deposits NNS I-NP
in IN B-PP
the DT B-NP
London NNP I-NP
market NN I-NP
based VBN B-PP
on IN B-PP
quotations NNS B-NP
at IN B-PP
five CD B-NP
major JJ I-NP
banks NNS I-NP
. . O

FOREIGN JJ B-NP
PRIME JJ I-NP
RATES NNS I-NP
: : O
Canada NNP B-NP
13.50 CD B-NP
% NN I-NP
; : O
Germany NNP B-NP
8.50 CD B-NP
% NN I-NP
; : O
Japan NNP B-NP
4.875 CD B-NP
% NN I-NP
; : O
Switzerland NNP B-NP
8.50 CD B-NP
% NN I-NP
; : O
Britain NNP B-NP
15 CD B-NP
% NN I-NP
. . O

These DT B-NP
rate NN I-NP
indications NNS I-NP
are VBP B-VP
n't RB O
directly RB B-ADJP
comparable JJ I-ADJP
; : O
lending NN B-NP
practices NNS I-NP
vary VBP B-VP
widely RB B-ADVP
by IN B-PP
location NN B-NP
. . O

TREASURY NN B-NP
BILLS NNS I-NP
: : O
Results NNS B-NP
of IN B-PP
the DT B-NP
Monday NNP I-NP
, , I-NP
October NNP I-NP
16 CD I-NP
, , I-NP
1989 CD I-NP
, , I-NP
auction NN I-NP
of IN B-PP
short-term NNP B-NP
U.S. NNP I-NP
government NN I-NP
bills NNS I-NP
, , O
sold VBN B-VP
at IN B-PP
a DT B-NP
discount NN I-NP
from IN B-PP
face NN B-NP
value NN I-NP
in IN B-PP
units NNS B-NP
of IN B-PP
$ $ B-NP
10,000 CD I-NP
to TO O
$ $ B-NP
1 CD I-NP
million CD I-NP
: : O
7.37 CD B-NP
% NN I-NP
13 CD B-NP
weeks NNS I-NP
; : O
7.42 CD B-NP
% NN I-NP
26 CD B-NP
weeks NNS I-NP
. . O

FEDERAL NNP B-NP
HOME NNP I-NP
LOAN NNP I-NP
MORTGAGE NNP I-NP
CORP NNP I-NP
. . O
-LRB- ( O
Freddie NNP B-NP
Mac NNP I-NP
-RRB- ) O
: : O

Posted VBN B-NP
yields NNS I-NP
on IN B-PP
30-year JJ B-NP
mortgage NN I-NP
commitments NNS I-NP
for IN B-PP
delivery NN B-NP
within IN B-PP
30 CD B-NP
days NNS I-NP
. . O

9.88 CD B-NP
% NN I-NP
, , O
standard JJ B-NP
conventional JJ I-NP
fixed-rate JJ I-NP
mortgages NNS I-NP
; : O
7.875 CD B-NP
% NN I-NP
, , O
2 CD B-NP
% NN I-NP
rate NN I-NP
capped VBD I-NP
one-year JJ I-NP
adjustable JJ I-NP
rate NN I-NP
mortgages NNS I-NP
. . O

Source NN B-NP
: : O
Telerate NNP B-NP
Systems NNP I-NP
Inc NNP I-NP
. . O

FEDERAL NNP B-NP
NATIONAL NNP I-NP
MORTGAGE NNP I-NP
ASSOCIATION NNP I-NP
-LRB- ( O
Fannie NNP B-NP
Mae NNP I-NP
-RRB- ) O
: : O

Posted VBN B-NP
yields NNS I-NP
on IN B-PP
30 CD B-NP
year NN I-NP
mortgage NN I-NP
commitments NNS I-NP
for IN B-PP
delivery NN B-NP
within IN B-PP
30 CD B-NP
days NNS I-NP
-LRB- ( O
priced VBN B-VP
at IN B-PP
par NN B-NP
-RRB- ) O
9.83 CD B-NP
% NN I-NP
, , O
standard JJ B-NP
conventional JJ I-NP
fixed-rate JJ I-NP
mortgages NNS I-NP
; : O
8.70 CD B-NP
% NN I-NP
, , O
6\/2 CD B-NP
rate NN I-NP
capped VBD I-NP
one-year JJ I-NP
adjustable JJ I-NP
rate NN I-NP
mortgages NNS I-NP
. . O

Source NN B-NP
: : O
Telerate NNP B-NP
Systems NNP I-NP
Inc NNP I-NP
. . O

MERRILL NNP B-NP
LYNCH NNP I-NP
READY NNP I-NP
ASSETS NNP I-NP
TRUST NNP I-NP
: : O
8.50 CD B-NP
% NN I-NP
. . O

Annualized VBN B-NP
average JJ I-NP
rate NN I-NP
of IN B-PP
return NN B-NP
after IN B-PP
expenses NNS B-NP
for IN B-PP
the DT B-NP
past JJ I-NP
30 CD I-NP
days NNS I-NP
; : B-NP
not RB I-NP
a DT B-NP
forecast NN I-NP
of IN B-PP
future NN B-NP
returns NNS I-NP
. . O

A DT B-NP
grand JJ I-NP
jury NN I-NP
here RB B-ADVP
indicted VBD B-VP
Norton NNP B-NP
Co. NNP I-NP
's POS B-NP
former JJ I-NP
director NN I-NP
of IN B-PP
advanced-ceramics NN B-NP
research NN I-NP
, , O
charging VBG B-VP
him PRP B-NP
with IN B-PP
interstate JJ B-NP
transportation NN I-NP
of IN B-PP
stolen VBN B-NP
property NN I-NP
. . O

Norton NNP B-NP
and CC O
General NNP B-NP
Electric NNP I-NP
Co. NNP I-NP
last JJ B-NP
month NN I-NP
filed VBD B-VP
a DT B-NP
lawsuit NN I-NP
against IN B-PP
the DT B-NP
former JJ I-NP
research NN I-NP
manager NN I-NP
, , O
Chien-Min NNP B-NP
Sung NNP I-NP
, , O
charging VBG B-VP
him PRP B-NP
with IN B-PP
stealing VBG B-VP
trade NN B-NP
secrets NNS I-NP
. . O

Mr. NNP B-NP
Sung NNP I-NP
formerly RB B-ADVP
worked VBD B-VP
at IN B-PP
General NNP B-NP
Electric NNP I-NP
in IN B-PP
research NN B-NP
on IN B-PP
synthetic JJ B-NP
diamonds NNS I-NP
. . O

The DT B-NP
criminal JJ I-NP
charges NNS I-NP
brought VBN B-VP
against IN B-PP
him PRP B-NP
involved VBD B-VP
GE NNP B-NP
technology NN I-NP
, , O
according VBG B-PP
the DT B-NP
court NN I-NP
documents NNS I-NP
. . O

If IN B-SBAR
convicted VBN B-VP
, , O
he PRP B-NP
could MD B-VP
be VB I-VP
imprisoned VBN I-VP
for IN B-PP
up IN B-NP
to TO I-NP
10 CD I-NP
years NNS I-NP
and CC O
fined VBN B-VP
$ $ B-NP
250,000 CD I-NP
. . O

Mr. NNP B-NP
Sung NNP I-NP
could MD B-VP
n't RB I-VP
be VB I-VP
reached VBN I-VP
for IN B-PP
comment NN B-NP
. . O

He PRP B-NP
earlier RBR B-ADVP
denied VBN B-VP
the DT B-NP
allegations NNS I-NP
against IN B-PP
him PRP B-NP
in IN B-PP
the DT B-NP
lawsuit NN I-NP
by IN B-PP
Norton NNP B-NP
and CC I-NP
GE NNP I-NP
. . O

Norton NNP B-NP
makes VBZ B-VP
sandpaper NN B-NP
and CC O
other JJ B-NP
abrasives NNS I-NP
, , O
diamond NN B-NP
tools NNS I-NP
, , O
specialty NN B-NP
plastics NNS I-NP
and CC O
ceramics NNS B-NP
. . O

As IN B-SBAR
the DT B-NP
citizens NNS I-NP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
and CC O
surrounding VBG B-NP
communities NNS I-NP
began VBD B-VP
assessing VBG I-VP
the DT B-NP
damage NN I-NP
from IN B-PP
Tuesday NNP B-NP
's POS B-NP
devastating JJ I-NP
earthquake NN I-NP
, , O
NBC NNP B-NP
News NNP I-NP
began VBD B-VP
assessing VBG I-VP
the DT B-NP
damage NN I-NP
from IN B-PP
what WP B-NP
some DT B-NP
said VBD B-VP
was VBD B-VP
a DT B-NP
failure NN I-NP
to TO B-VP
provide VB I-VP
comprehensive JJ B-NP
coverage NN I-NP
in IN B-PP
the DT B-NP
earthquake NN I-NP
's POS B-NP
initial JJ I-NP
moments NNS I-NP
. . O

`` `` O
In IN B-PP
terms NNS B-NP
of IN B-PP
coverage NN B-NP
, , O
it PRP B-NP
was VBD B-VP
a DT B-NP
disaster NN I-NP
equal JJ B-ADJP
to TO B-PP
the DT B-NP
earthquakes NNS I-NP
, , O
'' '' O
said VBD B-VP
Eric NNP B-NP
Premner NNP I-NP
, , O
president NN B-NP
for IN B-PP
broadcasting NN B-NP
of IN B-PP
King NNP B-NP
Broadcasting NNP I-NP
Co. NNP I-NP
, , O
which WDT B-NP
owns VBZ B-VP
the DT B-NP
NBC NNP I-NP
affiliate NN I-NP
in IN B-PP
Seattle NNP B-NP
, , O
Wash NNP B-NP
. . O

While IN B-SBAR
rival JJ B-NP
ABC NNP I-NP
News NNP I-NP
outstripped NN B-VP
the DT B-NP
competition NN I-NP
in IN B-PP
live VB B-NP
coverage NN I-NP
of IN B-PP
the DT B-NP
event NN I-NP
by IN B-PP
sheer JJ B-NP
luck NN I-NP
-- : O
the DT B-NP
network NN I-NP
was VBD B-VP
broadcasting VBG I-VP
the DT B-NP
World NNP I-NP
Series NNP I-NP
from IN B-PP
Candlestick NNP B-NP
Park NNP I-NP
when WRB B-ADVP
the DT B-NP
quake NN I-NP
struck VBD B-VP
-- : O
NBC NNP B-NP
News NNP I-NP
was VBD B-VP
unable JJ B-ADJP
to TO B-VP
get VB I-VP
its PRP$ B-NP
signal NN I-NP
out IN B-PP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
hour NN I-NP
after IN B-PP
the DT B-NP
quake NN I-NP
. . O

`` `` O
I PRP B-NP
have VBP B-VP
to TO I-VP
attribute VB I-VP
the DT B-NP
lackluster JJ I-NP
performance NN I-NP
to TO B-PP
a DT B-NP
natural JJ I-NP
disaster NN I-NP
, , O
'' '' O
said VBD B-VP
Mr. NNP B-NP
Premner NNP I-NP
. . O

`` `` O
So RB O
before IN B-SBAR
I PRP B-NP
start VBP B-VP
to TO I-VP
be VB I-VP
really RB B-ADJP
critical JJ I-ADJP
of IN B-PP
NBC NNP B-NP
, , O
I PRP B-NP
would MD B-VP
like VB I-VP
to TO I-VP
know VB I-VP
more JJR B-NP
about IN B-PP
what WP B-NP
happened VBD B-VP
. . O
'' '' O

There EX B-NP
were VBD B-VP
no DT B-NP
complaints NNS I-NP
from IN B-PP
affiliates NNS B-NP
of IN B-PP
CBS NNP B-NP
Inc. NNP I-NP
and CC O
Cable NNP B-NP
News NNP I-NP
Network NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Turner NNP B-NP
Broadcasting NNP I-NP
System NNP I-NP
Inc NNP I-NP
. . O

But CC O
that DT B-NP
was VBD B-VP
not RB O
the DT B-NP
case NN I-NP
at IN B-PP
NBC NNP B-NP
News NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
been VBN I-VP
dogged VBN I-VP
with IN B-PP
the DT B-NP
image NN I-NP
of IN B-PP
not RB B-VP
being VBG I-VP
aggressive JJ B-ADJP
on IN B-PP
major JJ B-NP
breaking NN I-NP
stories NNS I-NP
. . O

Last JJ B-NP
summer NN I-NP
, , O
the DT B-NP
affiliates NNS I-NP
bitterly RB B-VP
complained VBD I-VP
to TO B-PP
network VB B-NP
executives NNS I-NP
about IN B-PP
the DT B-NP
poor JJ I-NP
coverage NN I-NP
of IN B-PP
the DT B-NP
student NN I-NP
uprising NN I-NP
in IN B-PP
China NNP B-NP
. . O

`` `` O
I PRP B-NP
was VBD B-VP
not RB I-VP
pleased VBN I-VP
with IN B-PP
the DT B-NP
slow JJ I-NP
start NN I-NP
, , O
and CC O
neither DT B-ADVP
was VBD O
NBC NNP B-NP
News NNP I-NP
, , O
'' '' O
said VBD B-VP
Guy NNP B-NP
Hempel NNP I-NP
, , O
general JJ B-NP
manager NN I-NP
of IN B-PP
NBC NNP B-NP
affiliate NN I-NP
WAVE NNP I-NP
in IN B-PP
Louisville NNP B-NP
, , O
Ky NNP B-NP
. . O

A DT B-NP
spokesman NN I-NP
for IN B-PP
National NNP B-NP
Broadcasting NNP I-NP
Co. NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
General NNP B-NP
Electric NNP I-NP
Co. NNP I-NP
, , O
said VBD B-VP
the DT B-NP
network NN I-NP
was VBD B-VP
`` `` O
looking VBG B-VP
into IN B-PP
what WP B-NP
happened VBD B-VP
. . O
'' '' O

The DT B-NP
stations NNS I-NP
said VBD B-VP
they PRP B-NP
were VBD B-VP
pleased VBN I-VP
with IN B-PP
the DT B-NP
extended VBN I-NP
coverage NN I-NP
yesterday NN B-NP
, , O
including VBG B-PP
a DT B-NP
special JJ I-NP
five-hour JJ I-NP
edition NN I-NP
of IN B-PP
`` `` O
Today NN B-NP
. . O
'' '' O

Don NNP B-NP
Browne NNP I-NP
, , O
director NN B-NP
of IN B-PP
news NN B-NP
at IN B-PP
NBC NNP B-NP
News NNP I-NP
, , O
said VBD B-VP
in IN B-PP
an DT B-NP
interview NN I-NP
that IN B-SBAR
`` `` O
we PRP B-NP
could MD B-VP
n't RB I-VP
get VB I-VP
a DT B-NP
signal NN I-NP
out IN B-PP
of IN B-PP
San NNP B-NP
Francisco NNP I-NP
. . O

We PRP B-NP
were VBD B-VP
out IN B-PP
of IN B-PP
the DT B-NP
box NN I-NP
. . O

It PRP B-NP
was VBD B-VP
horrible JJ B-ADJP
. . O

The DT B-NP
comment NN I-NP
we PRP B-NP
're VBP B-VP
hearing VBG I-VP
is VBZ B-VP
that IN B-SBAR
we PRP B-NP
were VBD B-VP
slow JJ B-ADJP
out IN B-PP
of IN B-PP
the DT B-NP
box NN I-NP
, , O
but CC O
beat VB B-VP
everyone NN B-NP
else RB B-ADJP
in IN B-PP
the DT B-NP
stretch NN I-NP
. . O
'' '' O

NBC NNP B-NP
broadcast NN B-VP
throughout IN B-PP
the DT B-NP
entire JJ I-NP
night NN I-NP
and CC O
did VBD B-VP
not RB I-VP
go VB I-VP
off IN B-PP
the DT B-NP
air NN I-NP
until IN B-PP
noon NN B-NP
yesterday NN B-NP
. . O

The DT B-NP
quake NN I-NP
postponed VBD B-VP
the DT B-NP
third JJ I-NP
and CC I-NP
fourth JJ I-NP
games NNS I-NP
of IN B-PP
the DT B-NP
World NNP I-NP
Series NNP I-NP
. . O

In IN B-PP
place NN B-NP
of IN B-PP
the DT B-NP
games NNS I-NP
, , O
ABC NNP B-NP
said VBD B-VP
it PRP B-NP
planned VBD B-VP
to TO I-VP
broadcast VB I-VP
next JJ B-NP
week NN I-NP
's POS B-NP
episodes NNS I-NP
of IN B-PP
its PRP$ B-NP
prime-time JJ I-NP
Wednesday NNP I-NP
and CC I-NP
Thursday NNP I-NP
lineups NNS I-NP
, , O
except IN B-PP
for IN B-PP
a DT B-NP
one-hour JJ I-NP
special NN I-NP
on IN B-PP
the DT B-NP
earthquake NN I-NP
at IN B-PP
10 CD B-NP
p.m. NN I-NP
last JJ B-NP
night NN I-NP
. . O

The DT B-NP
series NN I-NP
is VBZ B-VP
scheduled VBN I-VP
to TO I-VP
resume VB I-VP
Tuesday NNP B-NP
evening NN I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
. . O

`` `` O
There EX B-NP
are VBP B-VP
no DT B-NP
commercials NNS I-NP
to TO B-VP
make VB I-VP
up IN B-PRT
for IN B-PP
since IN B-SBAR
we PRP B-NP
're VBP B-VP
going VBG I-VP
to TO I-VP
eventually RB I-VP
broadcast NN I-VP
the DT B-NP
World NNP I-NP
Series NNP I-NP
, , O
'' '' O
said VBD B-VP
a DT B-NP
network NN I-NP
spokesman NN I-NP
. . O

Pinnacle NNP B-NP
West NNP I-NP
Capital NNP I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
suspended VBD B-VP
indefinitely RB B-ADVP
its PRP$ B-NP
common JJ I-NP
stock NN I-NP
dividend NN I-NP
and CC O
reported VBD B-VP
a DT B-NP
91 CD I-NP
% NN I-NP
plunge NN I-NP
in IN B-PP
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
. . O

The DT B-NP
announcement NN I-NP
, , O
made VBN B-VP
after IN B-PP
the DT B-NP
close NN I-NP
of IN B-PP
trading NN B-NP
, , O
caught VBN B-VP
analysts NNS B-NP
by IN B-PP
surprise NN B-NP
. . O

The DT B-NP
company NN I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
12 CD I-NP
a DT B-NP
share NN I-NP
, , O
down RB B-ADVP
62.5 CD B-NP
cents NNS I-NP
, , O
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

Pinnacle NNP B-NP
West NNP I-NP
slashed VBD B-VP
its PRP$ B-NP
quarterly JJ I-NP
dividend NN I-NP
to TO B-PP
40 CD B-NP
cents NNS I-NP
per IN B-PP
share NN B-NP
from IN B-PP
70 CD B-NP
cents NNS I-NP
in IN B-PP
December NNP B-NP
, , O
saying VBG B-VP
at IN B-PP
the DT B-NP
time NN I-NP
that IN B-SBAR
it PRP B-NP
believed VBD B-VP
the DT B-NP
new JJ I-NP
, , I-NP
lower JJR I-NP
dividend NN I-NP
was VBD B-VP
`` `` O
sustainable JJ B-ADJP
. . O
'' '' O

A DT B-NP
company NN I-NP
spokesman NN I-NP
said VBD B-VP
the DT B-NP
decision NN I-NP
to TO B-VP
eliminate VB I-VP
the DT B-NP
dividend NN I-NP
resulted VBD B-VP
from IN B-PP
a DT B-NP
quarterly JJ I-NP
appraisal NN I-NP
and CC O
that IN B-SBAR
circumstances NNS B-NP
had VBD B-VP
changed VBN I-VP
since IN B-PP
the DT B-NP
December NNP I-NP
announcement NN I-NP
. . O

He PRP B-NP
declined VBD B-VP
to TO I-VP
elaborate VB I-VP
. . O

Edward NNP B-NP
J. NNP I-NP
Tirello NNP I-NP
Jr. NNP I-NP
, , O
an DT B-NP
analyst NN I-NP
at IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
Inc. NNP I-NP
, , O
speculated VBD B-VP
that IN B-SBAR
the DT B-NP
sudden JJ I-NP
dividend NN I-NP
elimination NN I-NP
presages VBZ B-VP
an DT B-NP
expensive JJ I-NP
agreement NN I-NP
with IN B-PP
thrift NN B-NP
regulators NNS I-NP
over IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
insolvent JJ I-NP
MeraBank NNP I-NP
savings NNS I-NP
and CC I-NP
loan NN I-NP
unit NN I-NP
. . O

Analysts NNS B-NP
have VBP B-VP
estimated VBN I-VP
that IN B-SBAR
Pinnacle NNP B-NP
West NNP I-NP
may MD B-VP
have VB I-VP
to TO I-VP
inject VB I-VP
between IN B-NP
$ $ I-NP
300 CD I-NP
million CD I-NP
and CC I-NP
$ $ I-NP
400 CD I-NP
million CD I-NP
into IN B-PP
the DT B-NP
MeraBank NNP I-NP
unit NN I-NP
before IN B-PP
turning VBG B-VP
the DT B-NP
thrift NN I-NP
over IN B-PRT
to TO B-PP
federal JJ B-NP
regulators NNS I-NP
. . O

The DT B-NP
latest JJS I-NP
financial JJ I-NP
results NNS I-NP
at IN B-PP
the DT B-NP
troubled JJ I-NP
utility NN I-NP
and CC I-NP
thrift NN I-NP
holding VBG I-NP
company NN I-NP
, , O
based VBN B-VP
in IN B-PP
Phoenix NNP B-NP
, , O
Ariz. NNP B-NP
, , O
reflect VB B-VP
continuing VBG B-NP
problems NNS I-NP
at IN B-PP
MeraBank NNP B-NP
and CC O
losses NNS B-NP
in IN B-PP
real-estate NN B-NP
, , I-NP
venture-capital NN I-NP
and CC I-NP
uranium-mining NN I-NP
operations NNS I-NP
. . O

Third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
slid VBD B-VP
to TO B-PP
$ $ B-NP
5.1 CD I-NP
million CD I-NP
, , O
or CC O
six CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
56 CD I-NP
million CD I-NP
, , O
or CC O
65 CD B-NP
cents NNS I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Utility NN B-NP
operations NNS I-NP
, , O
the DT B-NP
only JJ I-NP
company NN I-NP
unit NN I-NP
operating VBG B-VP
in IN B-PP
the DT B-NP
black NN I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
period NN I-NP
, , O
had VBD B-VP
a DT B-NP
26 CD I-NP
% NN I-NP
drop NN I-NP
in IN B-PP
profit NN B-NP
, , O
to TO B-PP
$ $ B-NP
86.3 CD I-NP
million CD I-NP
, , O
largely RB B-ADVP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
outages NNS B-NP
at IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
huge JJ I-NP
Palo NNP I-NP
Verde NNP I-NP
nuclear JJ I-NP
facility NN I-NP
and CC O
the DT B-NP
cost NN I-NP
of IN B-PP
purchased VBN B-NP
replacement NN I-NP
power NN I-NP
. . O

In IN B-PP
other JJ B-NP
operations NNS I-NP
, , O
losses NNS B-NP
at IN B-PP
MeraBank NNP B-NP
totaled VBD B-VP
$ $ B-NP
85.7 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
latest JJS I-NP
quarter NN I-NP
, , O
compared VBN B-PP
with IN B-PP
a DT B-NP
$ $ I-NP
2.5 CD I-NP
million CD I-NP
profit NN I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

The DT B-NP
latest JJS I-NP
quarter NN I-NP
includes VBZ B-VP
a DT B-NP
$ $ I-NP
42.7 CD I-NP
million CD I-NP
addition NN I-NP
to TO B-PP
loan-loss NN B-NP
reserves NNS I-NP
. . O

As RB B-ADVP
recently RB I-ADVP
as IN B-PP
August NNP B-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
it PRP B-NP
did VBD B-VP
n't RB I-VP
foresee VB I-VP
a DT B-NP
need NN I-NP
for IN B-PP
substantial JJ B-NP
additions NNS I-NP
to TO B-PP
reserves NNS B-NP
. . O

Pinnacle NNP B-NP
's POS B-NP
SunCor NNP I-NP
Development NNP I-NP
Co NNP I-NP
. . I-NP
real-estate NN I-NP
unit NN I-NP
's POS B-NP
loss NN I-NP
narrowed VBD B-VP
to TO B-PP
$ $ B-NP
13.8 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
78.4 CD I-NP
million CD I-NP
. . O

The DT B-NP
latest JJS I-NP
period NN I-NP
included VBD B-VP
a DT B-NP
$ $ I-NP
9 CD I-NP
million CD I-NP
write-down NN I-NP
on IN B-PP
undeveloped JJ B-NP
land NN I-NP
, , O
while IN B-SBAR
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
included VBD B-VP
a DT B-NP
$ $ I-NP
46 CD I-NP
million CD I-NP
reserve NN I-NP
for IN B-PP
real-estate NN B-NP
losses NNS I-NP
. . O

Losses NNS B-NP
at IN B-PP
its PRP$ B-NP
Malapai NNP I-NP
Resources NNP I-NP
Co NNP I-NP
. . I-NP
uranium-mining NN I-NP
unit NN I-NP
narrowed VBD B-VP
to TO B-PP
$ $ B-NP
3.4 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
18 CD I-NP
million CD I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
which WDT B-NP
included VBD B-VP
a DT B-NP
$ $ I-NP
9 CD I-NP
million CD I-NP
write-down NN I-NP
of IN B-PP
utility NN B-NP
inventories NNS I-NP
. . O

Losses NNS B-NP
at IN B-PP
El NNP B-NP
Dorado NNP I-NP
Investment NNP I-NP
Co. NNP I-NP
, , O
the DT B-NP
venture-capital JJ I-NP
operation NN I-NP
, , O
widened VBD B-VP
to TO B-PP
$ $ B-NP
6.8 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
425,000 CD I-NP
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

The DT B-NP
latest JJS I-NP
quarter NN I-NP
included VBD B-VP
a DT B-NP
$ $ I-NP
6.6 CD I-NP
million CD I-NP
write-down NN I-NP
of IN B-PP
investments NNS B-NP
. . O

Equitec NNP B-NP
Financial NNP I-NP
Group NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
ask VB I-VP
as RB B-NP
many JJ I-NP
as IN I-NP
100,000 CD I-NP
investors NNS I-NP
in IN B-PP
12 CD B-NP
of IN B-PP
its PRP$ B-NP
public JJ I-NP
real-estate NN I-NP
limited JJ I-NP
partnerships NNS I-NP
to TO B-VP
give VB I-VP
approval NN B-NP
to TO B-PP
rolling VBG B-VP
them PRP B-NP
up IN B-PRT
into IN B-PP
a DT B-NP
new JJ I-NP
master NN I-NP
limited JJ I-NP
partnership NN I-NP
. . O

Under IN B-PP
the DT B-NP
proposal NN I-NP
by IN B-PP
Equitec NNP B-NP
, , O
a DT B-NP
financially RB I-NP
troubled JJ I-NP
real-estate NN I-NP
syndicator NN I-NP
, , O
New NNP B-NP
York-based JJ I-NP
Hallwood NNP I-NP
Group NNP I-NP
Inc. NNP I-NP
would MD B-VP
replace VB I-VP
Equitec NNP B-NP
as IN B-PP
the DT B-NP
newly RB I-NP
formed VBN I-NP
master NN I-NP
limited JJ I-NP
partnership NN I-NP
's POS B-NP
general JJ I-NP
partner NN I-NP
and CC I-NP
manager NN I-NP
. . O

Shares NNS B-NP
of IN B-PP
the DT B-NP
new JJ I-NP
partnership NN I-NP
would MD B-VP
trade VB I-VP
on IN B-PP
an DT B-NP
exchange NN I-NP
like IN B-PP
a DT B-NP
stock NN I-NP
. . O

Hallwood NNP B-NP
is VBZ B-VP
a DT B-NP
merchant NN I-NP
bank NN I-NP
whose WP$ B-NP
activities NNS I-NP
include VBP B-VP
the DT B-NP
ownership NN I-NP
, , I-NP
management NN I-NP
and CC I-NP
financial JJ I-NP
restructuring NN I-NP
of IN B-PP
shopping NN B-NP
centers NNS I-NP
, , O
office NN B-NP
buildings NNS I-NP
, , O
apartments NNS B-NP
and CC O
other JJ B-NP
real JJ I-NP
estate NN I-NP
. . O

In IN B-PP
a DT B-NP
statement NN I-NP
, , O
Equitec NNP B-NP
Chairman NNP I-NP
Richard NNP I-NP
L. NNP I-NP
Saalfeld NNP I-NP
said VBD B-VP
the DT B-NP
transfer NN I-NP
will MD B-VP
benefit VB I-VP
both DT B-NP
the DT B-NP
company NN I-NP
and CC O
investors NNS B-NP
in IN B-PP
the DT B-NP
12 CD I-NP
limited JJ I-NP
partnerships NNS I-NP
included VBD B-VP
in IN B-PP
the DT B-NP
proposed VBN I-NP
rollup NN I-NP
. . O

While IN B-SBAR
he PRP B-NP
did VBD B-VP
n't RB I-VP
describe VB I-VP
the DT B-NP
partnerships NNS I-NP
' POS B-NP
financial JJ I-NP
condition NN I-NP
, , O
he PRP B-NP
said VBD B-VP
their PRP$ B-NP
operations NNS I-NP
`` `` O
continue VB B-VP
to TO I-VP
drain VB I-VP
the DT B-NP
resources NNS I-NP
of IN B-PP
Equitec NNP B-NP
. . O
'' '' O

Equitec NNP B-NP
posted VBD B-VP
a DT B-NP
$ $ I-NP
3.3 CD I-NP
million CD I-NP
net JJ I-NP
loss NN I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
on IN B-PP
$ $ B-NP
11.8 CD I-NP
million CD I-NP
of IN B-PP
revenue NN B-NP
, , O
compared VBN B-PP
with IN B-PP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
12.9 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
on IN B-PP
revenue NN B-NP
of IN B-PP
$ $ B-NP
9.1 CD I-NP
million CD I-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Equitec NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
2.625 CD I-NP
a DT B-NP
share NN I-NP
, , O
unchanged JJ B-ADJP
. . O

Because IN B-PP
of IN I-PP
Tuesday NNP B-NP
's POS B-NP
earthquake NN I-NP
in IN B-PP
Northern NNP B-NP
California NNP I-NP
, , O
company NN B-NP
officials NNS I-NP
could MD B-VP
n't RB I-VP
immediately RB I-VP
be VB I-VP
reached VBN I-VP
for IN B-PP
additional JJ B-NP
comment NN I-NP
. . O

A DT B-NP
spokesman NN I-NP
for IN B-PP
Hallwood NNP B-NP
said VBD B-VP
the DT B-NP
12 CD I-NP
limited JJ I-NP
partnerships NNS I-NP
, , O
which WDT B-NP
were VBD B-VP
marketed VBN I-VP
by IN B-PP
brokerage NN B-NP
firms NNS I-NP
and CC O
financial JJ B-NP
planners NNS I-NP
between IN B-PP
1979 CD B-NP
and CC I-NP
1984 CD I-NP
, , O
raised VBN B-VP
several JJ B-NP
hundred CD I-NP
million CD I-NP
dollars NNS I-NP
from IN B-PP
investors NNS B-NP
. . O

With IN B-SBAR
airline NN B-NP
deals NNS I-NP
in IN B-PP
a DT B-NP
tailspin NN I-NP
, , O
legendary JJ B-NP
Wall NNP I-NP
Street NNP I-NP
trader NN I-NP
Michael NNP I-NP
Steinhardt NNP I-NP
could MD B-VP
have VB I-VP
trouble NN B-NP
parachuting VBG B-VP
out IN B-PP
of IN B-PP
USAir NNP B-NP
Group NNP I-NP
, , O
traders NNS B-NP
say VBP B-VP
. . O

Only RB B-NP
a DT I-NP
week NN I-NP
ago RB B-ADVP
, , O
when WRB B-ADVP
airline NN B-NP
buy-out NN I-NP
fever NN I-NP
was VBD B-VP
already RB I-VP
winding VBG I-VP
down RB B-ADVP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
was VBD B-VP
engaged VBN B-ADJP
in IN B-PP
a DT B-NP
duel NN I-NP
with IN B-PP
USAir NNP B-NP
. . O

He PRP B-NP
was VBD B-VP
threatening VBG I-VP
to TO I-VP
take VB I-VP
over IN B-PRT
the DT B-NP
carrier NN I-NP
, , O
after IN B-PP
spending VBG B-VP
an DT B-NP
estimated VBN I-NP
$ $ I-NP
167 CD I-NP
million CD I-NP
to TO B-VP
build VB I-VP
an DT B-NP
8.4 CD I-NP
% NN I-NP
USAir NNP I-NP
stake NN I-NP
for IN B-PP
his PRP$ B-NP
investment NN I-NP
clients NNS I-NP
. . O

The DT B-NP
would-be JJ I-NP
raider NN I-NP
even RB B-VP
hired VBD I-VP
an DT B-NP
investment NN I-NP
banker NN I-NP
to TO B-VP
give VB I-VP
teeth NNS B-NP
to TO B-PP
his PRP$ B-NP
takeover NN I-NP
threat NN I-NP
, , O
which WDT B-NP
was VBD B-VP
widely RB I-VP
interpreted VBN I-VP
as IN B-PP
an DT B-NP
effort NN I-NP
to TO B-VP
flush VB I-VP
out RP B-PRT
an DT B-NP
acquirer NN I-NP
for IN B-PP
USAir NNP B-NP
, , B-PP
or CC I-PP
for IN B-PP
his PRP$ B-NP
own JJ I-NP
stake NN I-NP
. . O

In IN B-PP
fighting VBG B-VP
USAir NNP B-NP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
was VBD B-VP
pitted VBN I-VP
against IN B-PP
another DT B-NP
investor NN I-NP
, , O
billionnaire NN B-NP
Warren NNP I-NP
Buffett NNP I-NP
, , O
who WP B-NP
bought VBD B-VP
into IN B-PP
USAir NNP B-NP
to TO B-VP
help VB I-VP
fend VB I-VP
off IN B-PRT
Mr. NNP B-NP
Steinhardt NNP I-NP
. . O

Mr. NNP B-NP
Buffett NNP I-NP
's POS B-NP
firm NN I-NP
, , O
Berkshire NNP B-NP
Hathaway NNP I-NP
, , O
holds VBZ B-VP
a DT B-NP
much RB I-NP
bigger JJR I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
carrier NN I-NP
than IN B-PP
Mr. NNP B-NP
Steinhardt NNP I-NP
's POS B-NP
firm NN I-NP
, , O
Steinhardt NNP B-NP
Partners NNPS I-NP
. . O

Now RB B-ADVP
, , O
in IN B-PP
the DT B-NP
wake NN I-NP
of IN B-PP
UAL NNP B-NP
's POS B-NP
troubles NNS I-NP
in IN B-PP
financing VBG B-VP
its PRP$ B-NP
buy-out NN I-NP
, , O
the DT B-NP
airline NN I-NP
raiding VBG I-NP
game NN I-NP
has VBZ B-VP
been VBN I-VP
grounded VBN I-VP
. . O

Instead RB B-PP
of IN I-PP
hoping VBG B-VP
to TO I-VP
sell VB I-VP
his PRP$ B-NP
USAir NNP I-NP
stake NN I-NP
at IN B-PP
analysts NNS B-NP
' POS B-NP
estimated VBN I-NP
buy-out NN I-NP
price NN I-NP
of IN B-PP
$ $ B-NP
80 CD I-NP
a DT B-NP
share NN I-NP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
is VBZ B-VP
stuck VBN I-VP
with IN B-PP
roughly RB B-NP
3.7 CD I-NP
million CD I-NP
USAir NNP I-NP
shares VBZ I-NP
that DT B-NP
cost NN B-VP
him PRP B-NP
$ $ B-NP
45 CD I-NP
, , O
on IN B-PP
average JJ B-NP
, , O
but CC O
yesterday NN B-NP
closed VBD B-VP
at IN B-PP
40 CD B-NP
1\/2 CD I-NP
, , O
up IN B-ADVP
1\/4 CD B-NP
, , O
in IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
. . O

`` `` O
It PRP B-NP
does VBZ B-VP
n't RB I-VP
make VB I-VP
sense NN B-NP
to TO B-VP
parachute VB I-VP
out IN B-ADVP
at IN B-PP
this DT B-NP
price NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Steinhardt NNP I-NP
says VBZ B-VP
, , O
though IN B-SBAR
he PRP B-NP
has VBZ B-VP
stopped VBN I-VP
his PRP$ B-NP
takeover NN I-NP
talk NN I-NP
and CC O
now RB B-VP
commends VBZ I-VP
USAir NNP B-NP
managers NNS I-NP
' POS B-NP
`` `` I-NP
operating VBG I-NP
skills NNS I-NP
. . O
'' '' O

At IN B-PP
the DT B-NP
current JJ I-NP
price NN I-NP
, , O
the DT B-NP
USAir NNP I-NP
holding VBG I-NP
represents VBZ B-VP
9 CD B-NP
% NN I-NP
of IN B-PP
all PDT B-NP
the DT I-NP
assets NNS I-NP
that IN B-NP
Mr. NNP B-NP
Steinhardt NNP I-NP
manages VBZ B-VP
. . O

A DT B-NP
week NN I-NP
ago RB B-ADVP
, , O
USAir NNP B-NP
stock NN I-NP
briefly NN B-ADVP
soared VBD B-VP
above IN B-PP
52 CD B-NP
after IN B-PP
a DT B-NP
report NN I-NP
in IN B-PP
USA NNP B-NP
Today NN I-NP
that IN B-SBAR
Mr. NNP B-NP
Steinhardt NNP I-NP
might MD B-VP
launch VB I-VP
a DT B-NP
hostile JJ I-NP
bid NN I-NP
for IN B-PP
the DT B-NP
carrier NN I-NP
, , O
though IN B-SBAR
takeover NN B-NP
speculators NNS I-NP
say VBP B-VP
they PRP B-NP
were VBD B-VP
skeptical JJ B-ADJP
. . O

`` `` O
If IN B-SBAR
USAir NNP B-NP
is VBZ B-VP
worth JJ B-ADJP
80 CD B-NP
as IN B-PP
a DT B-NP
takeover NN I-NP
and CC O
the DT B-NP
stock NN I-NP
went VBD B-VP
to TO B-PP
52 CD B-NP
, , O
the DT B-NP
market NN I-NP
was VBD B-VP
saying VBG I-VP
Steinhardt NNP B-NP
's POS B-NP
presence NN I-NP
was VBD B-VP
n't RB O
worth JJ B-ADJP
anything NN B-NP
, , O
in IN B-PP
terms NNS B-NP
of IN B-PP
getting VBG B-VP
a DT B-NP
deal NN I-NP
done VBN B-ADJP
, , O
'' '' O
says VBZ B-VP
a DT B-NP
veteran NN I-NP
takeover NN I-NP
speculator NN I-NP
. . O

Traders NNS B-NP
say VBP B-VP
this DT B-NP
all DT O
goes VBZ B-VP
to TO I-VP
show VB I-VP
that IN B-SBAR
even RB B-NP
the DT I-NP
smartest JJS I-NP
money NN I-NP
manager NN I-NP
can MD B-VP
get VB I-VP
infected VBN I-VP
with IN B-PP
crowd NN B-NP
passions NNS I-NP
. . O

In IN B-PP
trying VBG B-VP
to TO I-VP
raid VB I-VP
USAir NNP B-NP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
abandoned VBD B-VP
his PRP$ B-NP
usual JJ I-NP
role NN I-NP
as IN B-PP
a DT B-NP
passive JJ I-NP
investor NN I-NP
, , O
and CC O
ran VBD B-VP
into IN B-PP
snags NNS B-NP
. . O

Moreover RB B-ADVP
, , O
unlike IN B-PP
Mr. NNP B-NP
Buffett NNP I-NP
, , O
who WP B-NP
often RB B-ADVP
holds VBZ B-VP
big JJ B-NP
stakes NNS I-NP
in IN B-PP
companies NNS B-NP
for IN B-PP
years NNS B-NP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
has VBZ B-VP
n't RB O
in IN B-PP
the DT B-NP
past RB I-NP
done VBN B-VP
much JJ B-NP
long-term JJ I-NP
investing NN I-NP
. . O

Mr. NNP B-NP
Steinhardt NNP I-NP
, , O
who WP B-NP
runs VBZ B-VP
about RB B-NP
$ $ I-NP
1.7 CD I-NP
billion CD I-NP
for IN B-PP
Steinhardt NNP B-NP
Partners NNPS I-NP
, , O
made VBD B-VP
his PRP$ B-NP
name NN I-NP
as IN B-PP
a DT B-NP
gunslinging VBG I-NP
trader NN I-NP
, , O
moving VBG B-VP
in IN B-PP
and CC B-PP
out RP B-PP
of IN B-PP
stocks NNS B-NP
with IN B-PP
agility NN B-NP
-- : O
enriching VBG B-VP
himself PRP B-NP
and CC O
his PRP$ B-NP
investment NN I-NP
clients NNS I-NP
. . O

Meanwhile RB B-ADVP
, , O
his PRP$ B-NP
big JJ I-NP
losses NNS I-NP
, , O
for IN B-PP
instance NN B-NP
in IN B-PP
1987 CD B-NP
's POS B-NP
crash NN I-NP
, , O
generally RB B-ADVP
have VBP B-VP
been VBN I-VP
trading NN B-NP
losses NNS I-NP
. . O

So RB O
, , O
some DT B-NP
see VB B-VP
a DT B-NP
special JJ I-NP
irony NN I-NP
in IN B-PP
the DT B-NP
fact NN I-NP
that IN B-SBAR
Mr. NNP B-NP
Steinhardt NNP I-NP
, , O
the DT B-NP
trader NN I-NP
, , O
now RB B-ADVP
is VBZ B-VP
encumbered VBN I-VP
with IN B-PP
a DT B-NP
massive JJ I-NP
, , I-NP
illiquid JJ I-NP
airline NN I-NP
holding VBG I-NP
. . O

Analysts NNS B-NP
say VBP B-VP
USAir NNP B-NP
stock NN I-NP
might MD B-VP
lose VB I-VP
four CD B-NP
or CC I-NP
five CD I-NP
points NNS I-NP
if IN B-SBAR
the DT B-NP
Steinhardt NNP I-NP
stake NN I-NP
was VBD B-VP
dumped VBN I-VP
all DT B-ADVP
at IN I-ADVP
once RB I-ADVP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
must MD B-VP
reconcile VB I-VP
himself PRP B-NP
to TO B-PP
selling VBG B-VP
USAir NNP B-NP
at IN B-PP
a DT B-NP
loss NN I-NP
, , B-PP
or CC I-PP
to TO B-PP
holding VBG B-VP
the DT B-NP
shares NNS I-NP
as IN B-PP
an DT B-NP
old-fashioned JJ I-NP
investment NN I-NP
. . O

`` `` O
Long-term JJ B-NP
investing NN I-NP
-- : O
that DT B-NP
's VBZ B-VP
not RB O
Steinhardt NNP B-NP
's POS B-NP
style NN I-NP
, , O
'' '' O
chuckles VBZ B-VP
an DT B-NP
investor NN I-NP
who WP B-NP
once RB B-ADVP
worked VBD B-VP
at IN B-PP
Steinhardt NNP B-NP
Partners NNPS I-NP
. . O

`` `` O
He PRP B-NP
does VBZ B-VP
n't RB I-VP
usually RB I-VP
risk VBP I-VP
that IN B-NP
much JJ I-NP
unless IN B-SBAR
he PRP B-NP
thinks VBZ B-VP
he PRP B-NP
has VBZ B-VP
an DT B-NP
ace NN I-NP
in IN B-PP
the DT B-NP
hole NN I-NP
, , O
'' '' O
adds VBZ B-VP
another DT B-NP
Steinhardt NNP I-NP
Partners NNPS I-NP
alumnus NN I-NP
. . O

In IN B-PP
recent JJ B-NP
days NNS I-NP
, , O
traders NNS B-NP
say VBP B-VP
USAir NNP B-NP
has VBZ B-VP
been VBN I-VP
buying VBG I-VP
its PRP$ B-NP
own JJ I-NP
shares NNS I-NP
, , O
as IN B-PP
part NN B-NP
of IN B-PP
a DT B-NP
program NN I-NP
to TO B-VP
retire VB I-VP
about IN B-NP
eight CD I-NP
million CD I-NP
USAir NNP I-NP
shares NNS I-NP
, , O
though IN B-SBAR
the DT B-NP
carrier NN I-NP
wo MD B-VP
n't RB I-VP
discuss VB I-VP
its PRP$ B-NP
buy-back NN I-NP
program NN I-NP
. . O

If IN B-SBAR
USAir NNP B-NP
stepped VBD B-VP
up IN B-PRT
its PRP$ B-NP
share NN I-NP
purchases NNS I-NP
, , O
that WDT B-NP
might MD B-VP
be VB I-VP
a DT B-NP
way NN I-NP
for IN B-SBAR
Mr. NNP B-NP
Steinhardt NNP I-NP
to TO B-VP
get VB I-VP
out IN B-ADVP
, , O
says VBZ B-VP
Timothy NNP B-NP
Pettee NNP I-NP
, , O
a DT B-NP
Merrill NNP I-NP
Lynch NNP I-NP
analyst NN I-NP
. . O

But CC O
USAir NNP B-NP
might MD B-VP
not RB I-VP
want VB I-VP
to TO I-VP
help VB I-VP
Mr. NNP B-NP
Steinhardt NNP I-NP
, , O
he PRP B-NP
adds VBZ B-VP
. . O

In IN B-PP
1987 CD B-NP
, , O
USAir NNP B-NP
Chairman NNP I-NP
Edwin NNP I-NP
Colodny NNP I-NP
stonewalled VBD B-VP
when WRB B-ADVP
Trans NNP B-NP
World NNP I-NP
Airlines NNP I-NP
Chairman NNP I-NP
Carl NNP I-NP
Icahn NNP I-NP
threatened VBD B-VP
to TO I-VP
take VB I-VP
over IN B-PRT
the DT B-NP
carrier NN I-NP
. . O

Mr. NNP B-NP
Icahn NNP I-NP
, , O
a DT O
much RB B-ADVP
more RBR I-ADVP
practiced VBN B-NP
raider NN I-NP
than IN B-PP
Mr. NNP B-NP
Steinhardt NNP I-NP
, , O
eventually RB B-ADVP
sold VBN B-VP
a DT B-NP
big JJ I-NP
USAir NNP I-NP
stake NN I-NP
at IN B-PP
a DT B-NP
tiny JJ I-NP
profit NN I-NP
through IN B-PP
Bear NNP B-NP
, , I-NP
Stearns NNP I-NP
. . O

Mr. NNP B-NP
Steinhardt NNP I-NP
also RB B-ADVP
could MD B-VP
take VB I-VP
that DT B-NP
route NN I-NP
. . O

He PRP B-NP
confers VBZ B-VP
big JJ B-NP
trading NN I-NP
commissions NNS I-NP
on IN B-PP
Wall NNP B-NP
Street NNP I-NP
firms NNS I-NP
. . O

However RB B-ADVP
, , O
with IN B-PP
airline NN B-NP
stocks NNS I-NP
cratering VBG B-VP
, , O
he PRP B-NP
might MD B-VP
not RB I-VP
get VB I-VP
a DT B-NP
very RB I-NP
good JJ I-NP
price NN I-NP
for IN B-PP
his PRP$ B-NP
shares NNS I-NP
, , O
traders NNS B-NP
say VBP B-VP
. . O

Especially RB B-ADJP
galling JJ I-ADJP
for IN B-PP
Mr. NNP B-NP
Steinhardt NNP I-NP
, , O
say VBP B-VP
people NNS B-NP
close VBP B-ADJP
to TO B-PP
him PRP B-NP
, , O
is VBZ B-VP
that IN B-SBAR
USAir NNP B-NP
's POS B-NP
Mr. NNP I-NP
Colodny NNP I-NP
wo MD B-VP
n't RB I-VP
even RB I-VP
take VB I-VP
his PRP$ B-NP
telephone NN I-NP
calls NNS I-NP
. . O

While IN B-SBAR
USAir NNP B-NP
is VBZ B-VP
n't RB I-VP
considered VBN I-VP
absolutely RB B-ADJP
takeover-proof JJ I-ADJP
, , O
its PRP$ B-NP
defenses NNS I-NP
, , O
including VBG B-PP
the DT B-NP
sale NN I-NP
in IN B-PP
August NNP B-NP
of IN B-PP
a DT B-NP
12 CD I-NP
% NN I-NP
stake NN I-NP
in IN B-PP
the DT B-NP
company NN I-NP
to TO B-PP
Mr. NNP B-NP
Buffett NNP I-NP
's POS B-NP
Berkshire NNP I-NP
Hathaway NNP I-NP
, , O
are VBP B-VP
pretty RB B-ADJP
strong JJ I-ADJP
. . O

USAir NNP B-NP
's POS B-NP
deal NN I-NP
with IN B-PP
Mr. NNP B-NP
Buffett NNP I-NP
`` `` O
was VBD B-VP
n't RB O
exactly RB B-ADVP
a DT B-NP
shining VBG I-NP
example NN I-NP
of IN B-PP
shareholder NN B-NP
democracy NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Steinhardt NNP I-NP
says VBZ B-VP
. . O

Since IN B-PP
last JJ B-NP
April NNP I-NP
, , O
the DT B-NP
investor NN I-NP
has VBZ B-VP
made VBN I-VP
seven CD B-NP
so-called JJ I-NP
13D CD I-NP
filings NNS I-NP
in IN B-PP
USAir NNP B-NP
, , O
as IN B-SBAR
he PRP B-NP
bought VBD B-VP
and CC I-VP
sold VBD I-VP
the DT B-NP
company NN I-NP
's POS B-NP
stock NN I-NP
. . O

Such JJ B-NP
disclosures NNS I-NP
of IN B-PP
big JJ B-NP
holdings NNS I-NP
often RB B-ADVP
are VBP B-VP
used VBN I-VP
by IN B-PP
raiders NNS B-NP
to TO B-VP
try VB I-VP
to TO I-VP
scare VB I-VP
a DT B-NP
company NN I-NP
's POS B-NP
managers NNS I-NP
, , O
and CC O
to TO B-VP
stir VB I-VP
interest NN B-NP
in IN B-PP
the DT B-NP
stock NN I-NP
. . O

But CC O
of IN B-PP
course NN B-NP
it PRP B-NP
would MD B-VP
be VB I-VP
highly RB B-ADJP
unusual JJ I-ADJP
for IN B-SBAR
an DT B-NP
investment NN I-NP
fund NN I-NP
such JJ B-PP
as IN I-PP
Steinhardt NNP B-NP
Partners NNPS I-NP
to TO B-VP
take VB I-VP
over IN B-PRT
a DT B-NP
company NN I-NP
. . O

USAir NNP B-NP
and CC O
Mr. NNP B-NP
Buffett NNP I-NP
wo MD B-VP
n't RB I-VP
talk VB I-VP
about IN B-PP
Mr. NNP B-NP
Steinhardt NNP I-NP
at IN B-ADVP
all DT I-ADVP
. . O

Analysts NNS B-NP
say VBP B-VP
USAir NNP B-NP
has VBZ B-VP
great JJ B-NP
promise NN I-NP
. . O

By IN B-PP
the DT B-NP
second JJ I-NP
half NN I-NP
of IN B-PP
1990 CD B-NP
, , O
USAir NNP B-NP
stock NN I-NP
could MD B-VP
hit VB I-VP
60 CD B-NP
, , O
says VBZ B-VP
Helane NNP B-NP
Becker NNP I-NP
of IN B-PP
Shearson NNP B-NP
Lehman NNP I-NP
Hutton NNP I-NP
. . O

She PRP B-NP
thinks VBZ B-VP
traders NNS B-NP
should MD B-VP
buy VB I-VP
the DT B-NP
stock NN I-NP
if IN B-SBAR
it PRP B-NP
tumbles VBZ B-VP
to TO B-PP
35 CD B-NP
. . O

But CC O
meanwhile RB B-ADVP
, , O
USAir NNP B-NP
is VBZ B-VP
expected VBN I-VP
to TO I-VP
show VB I-VP
losses NNS B-NP
or CC O
lackluster JJ B-NP
profit NN I-NP
for IN B-PP
several JJ B-NP
quarters NNS I-NP
as IN B-SBAR
it PRP B-NP
tries VBZ B-VP
to TO I-VP
digest VB I-VP
Piedmont NNP B-NP
Airlines NNPS I-NP
, , O
which WDT B-NP
it PRP B-NP
acquired VBD B-VP
. . O

Moreover RB B-ADVP
, , O
some DT B-NP
investors NNS I-NP
think VBP B-VP
a DT B-NP
recession NN I-NP
or CC O
renewed VBN B-NP
airfare NN I-NP
wars NNS I-NP
will MD B-VP
pummel VB I-VP
airline NN B-NP
stocks NNS I-NP
in IN B-PP
coming VBG B-NP
months NNS I-NP
. . O

However RB B-ADVP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
says VBZ B-VP
he PRP B-NP
's VBZ B-VP
`` `` O
comfortable JJ B-ADJP
holding NN B-VP
USAir NNP B-NP
as IN B-PP
an DT B-NP
investment NN I-NP
. . O
'' '' O

While IN B-SBAR
he PRP B-NP
has VBZ B-VP
bought VBN I-VP
and CC I-VP
sold VBD I-VP
some DT B-NP
USAir NNP I-NP
shares NNS I-NP
in IN B-PP
recent JJ B-NP
days NNS I-NP
, , O
he PRP B-NP
says VBZ B-VP
that IN B-SBAR
contrary JJ B-ADVP
to TO B-PP
rumors NNS B-NP
, , O
he PRP B-NP
has VBZ B-VP
n't RB I-VP
tried VBN I-VP
to TO I-VP
unload VB I-VP
his PRP$ B-NP
holding NN I-NP
. . O

Mr. NNP B-NP
Steinhardt NNP I-NP
adds VBZ B-VP
that IN B-SBAR
he PRP B-NP
bought VBD B-VP
USAir NNP B-NP
stock NN I-NP
earlier RBR B-NP
this DT I-NP
year NN I-NP
as IN B-PP
`` `` O
part NN B-NP
of IN B-PP
a DT B-NP
fundamental JJ I-NP
investment NN I-NP
in IN B-PP
the DT B-NP
airline NN I-NP
group NN I-NP
. . O
'' '' O

In IN B-PP
1989 CD B-NP
, , O
Mr. NNP B-NP
Steinhardt NNP I-NP
says VBZ B-VP
he PRP B-NP
made VBD B-VP
money NN B-NP
trading NN B-VP
in IN B-PP
Texas NNP B-NP
Air NNP I-NP
, , O
AMR NNP B-NP
and CC O
UAL NNP B-NP
. . O

Overall RB B-ADVP
, , O
his PRP$ B-NP
investments NNS I-NP
so RB B-ADVP
far RB I-ADVP
this DT B-NP
year NN I-NP
are VBP B-VP
showing VBG I-VP
gains NNS B-NP
of IN B-PP
about IN B-NP
20 CD I-NP
% NN I-NP
, , O
he PRP B-NP
adds VBZ B-VP
. . O

Does VBZ O
Mr. NNP B-NP
Steinhardt NNP I-NP
regret VBP B-VP
his PRP$ B-NP
incursion NN I-NP
into IN B-PP
the DT B-NP
takeover-threat NN I-NP
game NN I-NP
? . O

People NNS B-NP
close VBP B-ADJP
to TO B-PP
the DT B-NP
investor NN I-NP
say VBP B-VP
that WDT B-NP
was VBD B-VP
an DT B-NP
experiment NN I-NP
he PRP B-NP
is VBZ B-VP
unlikely JJ B-ADJP
to TO B-VP
repeat VB I-VP
. . O

`` `` O
I PRP B-NP
do VBP B-VP
n't RB I-VP
think VB I-VP
you PRP B-NP
'll MD B-VP
find VB I-VP
I PRP B-NP
'm VBP B-VP
making VBG I-VP
a DT B-NP
radical JJ I-NP
change NN I-NP
in IN B-PP
my PRP$ B-NP
traditional JJ I-NP
investment NN I-NP
style NN I-NP
, , O
'' '' O
Mr. NNP B-NP
Steinhardt NNP I-NP
says VBZ B-VP
. . O

Addington NNP B-NP
Resources NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
called VBD B-VP
for IN B-PP
redemption NN B-NP
on IN B-PP
Nov. NNP B-NP
21 CD I-NP
its PRP$ B-NP
$ $ I-NP
25.8 CD I-NP
million CD I-NP
outstanding JJ B-ADJP
of IN B-PP
8 CD B-NP
% NN I-NP
convertible JJ I-NP
subordinated VBN I-NP
debentures NNS I-NP
due JJ B-ADJP
2013 CD B-NP
. . O

The DT B-NP
debentures NNS I-NP
were VBD B-VP
issued VBN I-VP
in IN B-PP
the DT B-NP
face NN I-NP
amount NN I-NP
of IN B-PP
$ $ B-NP
46 CD I-NP
million CD I-NP
on IN B-PP
July NNP B-NP
11 CD I-NP
, , I-NP
1988 CD I-NP
, , O
the DT B-NP
Ashland NNP I-NP
, , I-NP
Ky. NNP I-NP
, , I-NP
coal NN I-NP
mining NN I-NP
, , I-NP
water NN I-NP
transportation NN I-NP
and CC I-NP
construction NN I-NP
company NN I-NP
said VBD B-VP
. . O

The DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
redemption NN I-NP
is VBZ B-VP
permitted VBN I-VP
because IN B-SBAR
the DT B-NP
price NN I-NP
of IN B-PP
Addington NNP B-NP
's POS B-NP
stock NN I-NP
has VBZ B-VP
equaled VBN I-VP
or CC I-VP
exceeded VBN I-VP
$ $ B-NP
19.60 CD I-NP
for IN B-PP
20 CD B-NP
consecutive JJ I-NP
trading NN I-NP
days NNS I-NP
, , O
a DT B-NP
condition NN I-NP
set VBN B-VP
in IN B-PP
the DT B-NP
terms NNS I-NP
of IN B-PP
the DT B-NP
debentures NNS I-NP
. . O

Debenture NN B-NP
holders NNS I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
convert VB I-VP
most RBS B-NP
of IN B-PP
the DT B-NP
debentures NNS I-NP
into IN B-PP
common JJ B-NP
because IN B-SBAR
the DT B-NP
value NN I-NP
of IN B-PP
the DT B-NP
stock NN I-NP
received VBD B-VP
in IN B-PP
a DT B-NP
conversion NN I-NP
would MD B-VP
exceed VB I-VP
the DT B-NP
$ $ I-NP
1,103.11 CD I-NP
redemption NN I-NP
price NN I-NP
. . O

Commodore NNP B-NP
International NNP I-NP
Ltd. NNP I-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
report VB I-VP
a DT B-NP
loss NN I-NP
for IN B-PP
the DT B-NP
first JJ I-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
because IN B-SBAR
sales NNS B-NP
of IN B-PP
personal JJ B-NP
computers NNS I-NP
for IN B-PP
the DT B-NP
home NN I-NP
market NN I-NP
remained VBD B-VP
weak JJ B-ADJP
in IN B-PP
some DT B-NP
major JJ I-NP
countries NNS I-NP
. . O

That DT B-NP
will MD B-VP
mark VB I-VP
the DT B-NP
second JJ I-NP
consecutive JJ I-NP
quarterly JJ I-NP
loss NN I-NP
for IN B-PP
Commodore NNP B-NP
and CC O
will MD B-VP
raise VB I-VP
additional JJ B-NP
questions NNS I-NP
about IN B-PP
whether IN B-SBAR
it PRP B-NP
can MD B-VP
sustain VB I-VP
the DT B-NP
turnaround NN I-NP
it PRP B-NP
had VBD B-VP
seemed VBN I-VP
to TO I-VP
be VB I-VP
engineering NN I-VP
. . O

Commodore NNP B-NP
, , O
West NNP B-NP
Chester NNP I-NP
, , O
Pa. NNP B-NP
, , O
had VBD B-VP
said VBD I-VP
in IN B-PP
August NNP B-NP
that IN B-SBAR
it PRP B-NP
was VBD B-VP
consolidating VBG I-VP
manufacturing NN B-NP
to TO B-VP
cut VB I-VP
costs NNS B-NP
and CC O
expected VBN B-VP
to TO I-VP
be VB I-VP
profitable JJ B-ADJP
in IN B-PP
the DT B-NP
fiscal JJ I-NP
first JJ I-NP
quarter NN I-NP
. . O

Commodore NNP B-NP
said VBD B-VP
that IN O
its PRP$ B-NP
announcement NN I-NP
is VBZ B-VP
based VBN I-VP
on IN B-PP
preliminary JJ B-NP
information NN I-NP
and CC O
that IN B-SBAR
the DT B-NP
situation NN I-NP
could MD B-VP
look VB I-VP
different JJ B-ADJP
by IN B-PP
the DT B-NP
time NN I-NP
final JJ B-NP
results NNS I-NP
are VBP B-VP
announced VBN I-VP
early JJ B-NP
next JJ I-NP
month NN I-NP
. . O

In IN B-PP
fact NN B-NP
, , O
Commodore NNP B-NP
's POS B-NP
fiscal JJ I-NP
fourth-quarter JJ I-NP
loss NN I-NP
was VBD B-VP
$ $ B-NP
2 CD I-NP
million CD I-NP
narrower JJR B-ADJP
than IN B-SBAR
Commodore NNP B-NP
had VBD B-VP
expected VBN I-VP
a DT B-NP
few JJ I-NP
weeks NNS I-NP
after IN B-SBAR
the DT B-NP
quarter NN I-NP
closed VBD B-VP
. . O

Still RB B-ADVP
, , O
even RB B-NP
results VBZ I-NP
approaching VBG B-VP
break-even NN B-NP
would MD B-VP
mark VB I-VP
a DT B-NP
sharp JJ I-NP
weakening NN I-NP
compared VBN B-PP
with IN B-PP
fiscal JJ B-NP
1989 CD I-NP
first-quarter JJ I-NP
earnings NNS I-NP
of IN B-PP
$ $ B-NP
9.6 CD I-NP
million CD I-NP
, , O
or CC O
30 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
on IN B-PP
sales NNS B-NP
of IN B-PP
$ $ B-NP
200.2 CD I-NP
million CD I-NP
. . O

Reflecting VBG B-VP
concerns NNS B-NP
about IN B-PP
Commodore NNP B-NP
's POS B-NP
outlook NN I-NP
, , O
its PRP$ B-NP
stock NN I-NP
has VBZ B-VP
plunged VBN I-VP
more JJR B-NP
than IN I-NP
50 CD I-NP
% NN I-NP
since IN B-PP
May NNP B-NP
, , O
closing VBG B-VP
yesterday NN B-NP
unchanged JJ B-ADJP
at IN B-PP
$ $ B-NP
8.875 CD I-NP
a DT B-NP
share NN I-NP
in IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
. . O

The DT B-NP
price NN I-NP
can MD B-VP
be VB I-VP
expected VBN I-VP
to TO I-VP
erode VB I-VP
further RBR B-ADVP
, , O
because IN B-SBAR
the DT B-NP
loss NN I-NP
estimate NN I-NP
came VBD B-VP
after IN B-SBAR
the DT B-NP
market NN I-NP
closed VBD B-VP
. . O

Commodore NNP B-NP
has VBZ B-VP
seemed VBN I-VP
to TO I-VP
be VB I-VP
setting VBG I-VP
the DT B-NP
stage NN I-NP
recently RB B-ADVP
for IN B-PP
progress NN B-NP
in IN B-PP
the DT B-NP
U.S. NNP I-NP
, , O
where WRB B-ADVP
its PRP$ B-NP
personal-computer NN I-NP
sales NNS I-NP
have NN B-VP
been VBN I-VP
so RB B-ADJP
dismal JJ I-ADJP
for IN B-PP
years NNS B-NP
that IN B-SBAR
Commodore NNP B-NP
is VBZ B-VP
close RB B-ADJP
to TO B-PP
dropping VBG B-VP
off IN B-PRT
research NN B-NP
firms NNS I-NP
' POS B-NP
market-share JJ I-NP
charts NNS I-NP
. . O

Commodore NNP B-NP
has VBZ B-VP
assembled VBN I-VP
an DT B-NP
experienced VBN I-NP
management NN I-NP
team NN I-NP
, , O
it PRP B-NP
has VBZ B-VP
persuaded VBN I-VP
many RB B-NP
more JJR I-NP
dealers NNS I-NP
to TO B-VP
carry VB I-VP
its PRP$ B-NP
products NNS I-NP
and CC O
it PRP B-NP
has VBZ B-VP
unleashed VBN I-VP
a DT B-NP
slick JJ I-NP
advertising NN I-NP
campaign NN I-NP
. . O

But CC O
those DT B-NP
represent VB B-VP
long-term JJ B-NP
strategies NNS I-NP
that IN B-NP
probably RB B-ADVP
wo MD B-VP
n't RB I-VP
succeed VB I-VP
quickly RB B-ADVP
, , O
even RB B-SBAR
if IN I-SBAR
they PRP B-NP
turn VBP B-VP
out IN I-VP
to TO I-VP
be VB I-VP
the DT B-NP
right NN I-NP
ones NNS I-NP
. . O

In IN B-PP
the DT B-NP
meantime NN I-NP
, , O
the DT B-NP
strategies NNS I-NP
will MD B-VP
increase VB I-VP
expenses NNS B-NP
. . O

Commodore NNP B-NP
had VBD B-VP
been VBN I-VP
counting VBG I-VP
on IN B-PP
its PRP$ B-NP
consumer NN I-NP
business NN I-NP
to TO B-VP
stay VB I-VP
sufficiently RB B-ADJP
healthy JJ I-ADJP
to TO B-VP
support VB I-VP
its PRP$ B-NP
efforts NNS I-NP
in IN B-PP
other JJ B-NP
areas NNS I-NP
-- : O
mainly RB B-ADVP
in IN B-PP
getting VBG B-VP
schools NNS B-NP
and CC I-NP
businesses NNS I-NP
to TO B-VP
use VB I-VP
its PRP$ B-NP
Amiga NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
slick JJ B-NP
graphics NNS I-NP
yet RB O
has VBZ B-VP
been VBN I-VP
slow JJ B-ADJP
to TO B-VP
catch VB I-VP
on IN B-PRT
because IN B-SBAR
it PRP B-NP
is VBZ B-VP
n't RB O
compatible JJ B-ADJP
with IN B-PP
Apple NNP B-NP
Computer NNP I-NP
Inc. NNP I-NP
or CC I-NP
International NNP I-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
hardware NN I-NP
. . O

But CC O
sales NNS B-NP
to TO B-PP
consumers NNS B-NP
have VBP B-VP
become VBN I-VP
difficult JJ B-ADJP
during IN B-PP
the DT B-NP
past JJ I-NP
several JJ I-NP
months NNS I-NP
, , O
even RB B-ADVP
in IN B-PP
West NNP B-NP
Germany NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
been VBN I-VP
by IN B-PP
far RB B-ADVP
Commodore NNP B-NP
's POS B-NP
strongest JJS I-NP
market NN I-NP
. . O

The DT B-NP
Commodore NNP I-NP
64 CD I-NP
and CC I-NP
128 CD I-NP
, , O
mainly RB B-VP
used VBN I-VP
for IN B-PP
children NNS B-NP
's POS B-NP
educational JJ I-NP
software NN I-NP
and CC I-NP
games NNS I-NP
, , O
had VBD B-VP
surprised VBN I-VP
market NN B-NP
researchers NNS I-NP
by IN B-PP
continuing VBG B-VP
to TO I-VP
produce VB I-VP
strong JJ B-NP
sales NNS I-NP
even RB B-SBAR
though IN I-SBAR
other JJ B-NP
low-profit JJ I-NP
personal JJ I-NP
computers NNS I-NP
now RB B-ADVP
operate VBP B-VP
several JJ B-NP
times NNS I-NP
as IN B-ADVP
fast RB I-ADVP
and CC O
have VBP B-VP
much RB B-NP
more JJR I-NP
memory NN I-NP
. . O

Commodore NNP B-NP
has VBZ B-VP
said VBD I-VP
it PRP B-NP
expects VBZ B-VP
sales NNS B-NP
to TO B-VP
rebound VB I-VP
, , O
but CC O
market NN B-NP
researchers NNS I-NP
have VBP B-VP
said VBD I-VP
that IN B-SBAR
sales NNS B-NP
of IN B-PP
the DT B-NP
low-end JJ I-NP
products NNS I-NP
may MD B-VP
finally RB I-VP
be VB I-VP
trailing VBG I-VP
off RB B-ADVP
. . O

Stock NN B-NP
prices NNS I-NP
closed VBD B-VP
slightly RB B-ADJP
higher JJR I-ADJP
in IN B-PP
the DT B-NP
first JJ I-NP
routine JJ I-NP
trading NN I-NP
day NN I-NP
since IN B-PP
Friday NNP B-NP
's POS B-NP
big JJ I-NP
plunge NN I-NP
. . O

Some DT B-NP
issues NNS I-NP
were VBD B-VP
affected VBN I-VP
by IN B-PP
Tuesday NNP B-NP
's POS B-NP
devastating JJ I-NP
earthquake NN I-NP
in IN B-PP
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
area NN I-NP
. . O

Activity NN B-NP
continued VBD B-VP
to TO I-VP
slow VB I-VP
from IN B-PP
the DT B-NP
hectic JJ I-NP
pace NN I-NP
set VBN B-VP
during IN B-PP
the DT B-NP
market NN I-NP
's POS B-NP
plunge NN I-NP
late JJ B-NP
Friday NNP I-NP
and CC O
its PRP$ B-NP
rebound NN I-NP
Monday NNP B-NP
, , O
as IN B-SBAR
players NNS B-NP
began VBD B-VP
to TO I-VP
set VB I-VP
their PRP$ B-NP
sights NNS I-NP
on IN B-PP
events NNS B-NP
coming VBG B-VP
later RB B-NP
this DT I-NP
week NN I-NP
. . O

The DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Industrial NNP I-NP
Average NNP I-NP
drifted VBD B-VP
through IN B-PP
the DT B-NP
session NN I-NP
within IN B-PP
a DT B-NP
trading NN I-NP
range NN I-NP
of IN B-PP
about IN B-NP
30 CD I-NP
points NNS I-NP
before IN B-PP
closing VBG B-VP
with IN B-PP
a DT B-NP
gain NN I-NP
of IN B-PP
4.92 CD B-NP
at IN B-PP
2643.65 CD B-NP
. . O

Broader JJR B-NP
averages NNS I-NP
also RB B-ADVP
posted VBD B-VP
modest JJ B-NP
gains NNS I-NP
. . O

Standard NNP B-NP
& CC I-NP
Poor NNP I-NP
's POS B-NP
500-Stock NNP I-NP
Index NNP I-NP
rose VBD B-VP
0.60 CD B-NP
to TO B-PP
341.76 CD B-NP
, , O
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Equity NNP I-NP
Market NNP I-NP
Index NNP I-NP
rose VBD B-VP
0.71 CD B-NP
to TO B-PP
320.54 CD B-NP
and CC O
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
Composite NNP I-NP
Index NNP I-NP
gained VBD B-VP
0.43 CD B-NP
to TO B-PP
189.32 CD B-NP
. . O

Some DT B-NP
822 CD I-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
issues NNS I-NP
advanced VBD B-VP
in IN B-PP
price NN B-NP
, , O
while IN B-SBAR
668 CD B-NP
declined VBD B-VP
. . O

But CC O
the DT B-NP
Dow NNP I-NP
Jones NNP I-NP
Transportation NNP I-NP
Average NNP I-NP
went VBD B-VP
down RB B-ADVP
for IN B-PP
the DT B-NP
seventh JJ I-NP
consecutive JJ I-NP
session NN I-NP
, , O
due JJ B-PP
largely RB B-ADVP
to TO B-PP
further VB B-NP
selling NN I-NP
in IN B-PP
UAL NNP B-NP
. . O

The DT B-NP
average NN I-NP
dropped VBD B-VP
6.40 CD B-NP
to TO B-PP
1247.87 CD B-NP
and CC O
has VBZ B-VP
now RB I-VP
lost VBN I-VP
21.7 CD B-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
value NN I-NP
since IN B-SBAR
the DT B-NP
losing VBG I-NP
streak NN I-NP
began VBD B-VP
Oct. NNP B-NP
10 CD I-NP
. . O

Big NNP B-NP
Board NNP I-NP
volume NN I-NP
dropped VBD B-VP
to TO B-PP
166,900,000 CD B-NP
shares NNS I-NP
, , O
in IN B-PP
line NN B-NP
with IN B-PP
the DT B-NP
level NN I-NP
of IN B-PP
trading NN B-NP
over IN B-PP
the DT B-NP
past JJ I-NP
few JJ I-NP
weeks NNS I-NP
, , O
from IN B-PP
224.1 CD B-NP
million CD I-NP
Tuesday NNP B-NP
. . O

Traders NNS B-NP
cited VBD B-VP
anticipation NN B-NP
of IN B-PP
the DT B-NP
consumer NN I-NP
price NN I-NP
report NN I-NP
for IN B-PP
September NNP B-NP
, , O
due JJ B-ADJP
today NN B-NP
, , O
and CC O
tomorrow NN B-NP
's POS B-NP
expiration NN I-NP
of IN B-PP
October NNP B-NP
stock-index NN I-NP
futures NNS I-NP
and CC I-NP
options NNS I-NP
as IN B-PP
major JJ B-NP
factors NNS I-NP
in IN B-PP
the DT B-NP
slowdown NN I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
activity NN B-NP
at IN B-PP
a DT B-NP
number NN I-NP
of IN B-PP
San NNP B-NP
Francisco-based JJ I-NP
brokerage NN I-NP
houses NNS I-NP
was VBD B-VP
curtailed VBN I-VP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
, , O
which WDT B-NP
knocked VBD B-VP
out RP B-PRT
power NN B-NP
lines NNS I-NP
and CC O
telephone NN B-NP
service NN I-NP
throughout IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
. . O

Stocks NNS B-NP
retreated VBD B-VP
to TO B-PP
session NN B-NP
lows NNS I-NP
just RB B-ADVP
after IN B-PP
the DT B-NP
opening NN I-NP
amid IN B-PP
worries NNS B-NP
about IN B-PP
the DT B-NP
market NN I-NP
impact NN I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
, , O
but CC O
quickly RB B-VP
snapped VBD I-VP
back RB B-ADVP
to TO B-PP
higher JJR B-NP
levels NNS I-NP
with IN B-PP
the DT B-NP
help NN I-NP
of IN B-PP
futures-related JJ B-NP
program NN I-NP
buying VBG I-NP
. . O

The DT B-NP
early JJ I-NP
move NN I-NP
essentially RB B-ADVP
established VBD B-VP
the DT B-NP
day NN I-NP
's POS B-NP
trading NN I-NP
range NN I-NP
, , O
and CC O
traders NNS B-NP
said VBD B-VP
they PRP B-NP
saw VBD B-VP
little JJ B-NP
of IN B-PP
the DT B-NP
program NN I-NP
activity NN I-NP
that WDT B-NP
has VBZ B-VP
battered VBN I-VP
the DT B-NP
market NN I-NP
recently RB B-ADVP
. . O

`` `` O
I PRP B-NP
did VBD B-VP
n't RB I-VP
expect VB I-VP
it PRP B-NP
to TO B-VP
be VB I-VP
this DT B-NP
quiet NN I-NP
. . O

I PRP B-NP
expected VBD B-VP
to TO I-VP
see VB I-VP
more JJR B-NP
volatility NN I-NP
as IN B-SBAR
some DT B-NP
of IN B-PP
the DT B-NP
institutions NNS I-NP
who WP B-NP
were VBD B-VP
spooked VBN I-VP
last JJ B-NP
Friday NNP I-NP
did VBD B-VP
some DT B-NP
selling NN I-NP
, , O
'' '' O
said VBD B-VP
Raymond NNP B-NP
F. NNP I-NP
DeVoe NNP I-NP
, , O
a DT B-NP
market NN I-NP
strategist NN I-NP
at IN B-PP
Legg NNP B-NP
Mason NNP I-NP
Wood NNP I-NP
Walker NNP I-NP
, , O
Baltimore NNP B-NP
. . O

Mr. NNP B-NP
DeVoe NNP I-NP
said VBD B-VP
he PRP B-NP
expects VBZ B-VP
prices NNS B-NP
to TO B-VP
show VB I-VP
some DT B-NP
renewed VBN I-NP
instability NN I-NP
over IN B-PP
the DT B-NP
next JJ I-NP
few JJ I-NP
sessions NNS I-NP
as IN B-SBAR
institutions NNS B-NP
re-evaluate VBP B-VP
their PRP$ B-NP
stance NN I-NP
toward IN B-PP
the DT B-NP
market NN I-NP
in IN B-PP
light NN B-NP
of IN B-PP
its PRP$ B-NP
decline NN I-NP
. . O

`` `` O
I PRP B-NP
would MD B-VP
suspect VB I-VP
that IN B-SBAR
a DT B-NP
lot NN I-NP
of IN B-PP
investment NN B-NP
committees NNS I-NP
are VBP B-VP
looking VBG I-VP
into IN B-PP
whether IN B-SBAR
-LRB- ( O
they PRP B-NP
-RRB- ) O
want VBP B-VP
to TO I-VP
be VB I-VP
in IN B-PP
stocks NNS B-NP
at IN B-ADVP
all DT I-ADVP
, , O
'' '' O
he PRP B-NP
said VBD B-VP
. . O

Insurance NN B-NP
stocks NNS I-NP
were VBD B-VP
sold VBN I-VP
at IN B-PP
the DT B-NP
opening NN I-NP
amid IN B-PP
concerns NNS B-NP
about IN B-PP
the DT B-NP
level NN I-NP
of IN B-PP
damage NN B-NP
claims VBZ I-NP
the DT B-NP
companies NNS I-NP
would MD B-VP
receive VB I-VP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
the DT B-NP
earthquake NN I-NP
. . O

But CC O
those DT B-NP
issues NNS I-NP
recovered VBD B-VP
quickly RB B-ADVP
and CC O
turned VBD B-VP
higher JJR B-ADJP
because IN B-PP
of IN I-PP
expectations NNS B-NP
that IN B-SBAR
the DT B-NP
quake NN I-NP
and CC O
the DT B-NP
recent JJ I-NP
Hurricane NNP I-NP
Hugo NNP I-NP
would MD B-VP
set VB I-VP
the DT B-NP
stage NN I-NP
for IN B-PP
an DT B-NP
increase NN I-NP
in IN B-PP
premium NN B-NP
rates NNS I-NP
. . O

Issues NNS B-NP
of IN B-PP
insurance NN B-NP
brokers NNS I-NP
were VBD B-VP
especially RB B-ADJP
strong JJ I-ADJP
. . O

Marsh NNP B-NP
& CC I-NP
McLennan NNP I-NP
advanced VBD B-VP
3 CD B-NP
1\/8 CD I-NP
to TO B-PP
75 CD B-NP
7\/8 CD I-NP
, , O
Alexander NNP B-NP
& CC I-NP
Alexander NNP I-NP
Services NNP I-NP
climbed VBD B-VP
2 CD B-NP
to TO B-PP
32 CD B-NP
and CC O
Corroon NNP B-NP
& CC I-NP
Black NNP I-NP
firmed VBD B-VP
1 CD B-NP
7\/8 CD I-NP
to TO B-PP
37 CD B-NP
1\/2 CD I-NP
. . O

Elsewhere RB B-ADVP
in IN B-PP
the DT B-NP
group NN I-NP
, , O
General NNP B-NP
Re NNP I-NP
rose VBD B-VP
2 CD B-NP
3\/4 CD I-NP
to TO B-PP
86 CD B-NP
1\/2 CD I-NP
, , O
American NNP B-NP
International NNP I-NP
Group NNP I-NP
gained VBD B-VP
3 CD B-NP
1\/4 CD I-NP
to TO B-PP
102 CD B-NP
5\/8 CD I-NP
, , O
Aetna NNP B-NP
Life NNP I-NP
& CC I-NP
Casualty NNP I-NP
added VBD B-VP
2 CD B-NP
3\/8 CD I-NP
to TO B-PP
59 CD B-NP
1\/2 CD I-NP
and CC O
Cigna NNP B-NP
advanced VBD B-VP
7\/8 CD B-NP
to TO B-PP
62 CD B-NP
1\/2 CD I-NP
. . O

Loews NNP B-NP
, , O
the DT B-NP
parent NN I-NP
of IN B-PP
CNA NNP B-NP
Financial NNP I-NP
, , O
rose VBD B-VP
1 CD B-NP
3\/8 CD I-NP
to TO B-PP
123 CD B-NP
1\/8 CD I-NP
. . O

Companies NNS B-NP
in IN B-PP
the DT B-NP
construction NN I-NP
, , I-NP
engineering NN I-NP
and CC I-NP
building-products NNS I-NP
sectors NNS I-NP
were VBD B-VP
among IN B-PP
other JJ B-NP
beneficiaries NNS I-NP
of IN B-PP
earthquake-related JJ B-NP
buying NN I-NP
. . O

The DT B-NP
heavy-construction NN I-NP
sector NN I-NP
was VBD B-VP
the DT B-NP
session NN I-NP
's POS B-NP
best JJS I-NP
performer NN I-NP
among IN B-PP
Dow NNP B-NP
Jones NNP I-NP
industry NN I-NP
groups NNS I-NP
; : O
Fluor NNP B-NP
rose VBD B-VP
3\/4 CD B-NP
to TO B-PP
33 CD B-NP
3\/8 CD I-NP
, , O
Morrison NNP B-NP
Knudsen NNP I-NP
gained VBD B-VP
2 CD B-NP
1\/4 CD I-NP
to TO B-PP
44 CD B-NP
1\/8 CD I-NP
, , O
Foster NNP B-NP
Wheeler NNP I-NP
added VBD B-VP
3\/8 CD B-NP
to TO B-PP
18 CD B-NP
1\/4 CD I-NP
and CC O
Ameron NNP B-NP
climbed VBD B-VP
2 CD B-NP
3\/8 CD I-NP
to TO B-PP
39 CD B-NP
3\/4 CD I-NP
. . O

Among IN B-PP
engineering NN B-NP
firms NNS I-NP
, , O
CRS NNP B-NP
Sirrine NNP I-NP
rose VBD B-VP
5\/8 CD B-NP
to TO B-PP
34 CD B-NP
1\/4 CD I-NP
on IN B-PP
the DT B-NP
Big NNP I-NP
Board NNP I-NP
and CC O
four CD B-NP
others NNS I-NP
rallied VBD B-VP
on IN B-PP
the DT B-NP
American NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
: : O
Jacobs NNP B-NP
Engineering NNP I-NP
Group NNP I-NP
, , O
which WDT B-NP
gained VBD B-VP
1 CD B-NP
1\/8 CD I-NP
to TO B-PP
25 CD B-NP
3\/8 CD I-NP
, , O
Greiner NNP B-NP
Engineering NNP I-NP
, , O
which WDT B-NP
rose VBD B-VP
3 CD B-NP
1\/2 CD I-NP
to TO B-PP
22 CD B-NP
1\/2 CD I-NP
; : O
Michael NNP B-NP
Baker NNP I-NP
, , O
which WDT B-NP
added VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
15 CD B-NP
1\/4 CD I-NP
, , O
and CC O
American NNP B-NP
Science NNP I-NP
& CC I-NP
Engineering NNP I-NP
, , O
up IN B-ADVP
1\/2 CD B-NP
to TO B-PP
8 CD B-NP
1\/2 CD I-NP
. . O

Within IN B-PP
the DT B-NP
building-materials NNS I-NP
group VBP I-NP
, , O
Georgia-Pacific NNP B-NP
climbed VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
58 CD B-NP
and CC O
Louisiana-Pacific NNP B-NP
added VBD B-VP
1 CD B-NP
to TO B-PP
40 CD B-NP
3\/4 CD I-NP
after IN B-SBAR
Merrill NNP B-NP
Lynch NNP I-NP
recommended VBD B-VP
the DT B-NP
forest-products NNS I-NP
issues NNS I-NP
. . O

CalMat NNP B-NP
advanced VBD B-VP
2 CD B-NP
3\/4 CD I-NP
to TO B-PP
28 CD B-NP
3\/4 CD I-NP
, , O
Lone NNP B-NP
Star NNP I-NP
Industries NNPS I-NP
gained VBD B-VP
1 CD B-NP
3\/4 CD I-NP
to TO B-PP
29 CD B-NP
1\/4 CD I-NP
, , O
Lafarge NNP B-NP
rose VBD B-VP
1 CD B-NP
to TO B-PP
19 CD B-NP
1\/2 CD I-NP
, , O
Southdown NNP B-NP
added VBD B-VP
5\/8 CD B-NP
to TO B-PP
24 CD B-NP
5\/8 CD I-NP
and CC O
Eljer NNP B-NP
Industries NNP I-NP
rose VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
24 CD B-NP
7\/8 CD I-NP
. . O

Pacific NNP B-NP
Gas NNP I-NP
& CC I-NP
Electric NNP I-NP
fell VBD B-VP
3\/8 CD B-NP
to TO B-PP
19 CD B-NP
5\/8 CD I-NP
in IN B-PP
Big NNP B-NP
Board NNP I-NP
composite JJ I-NP
trading NN I-NP
of IN B-PP
1.7 CD B-NP
million CD I-NP
shares NNS I-NP
and CC O
Pacific NNP B-NP
Telesis NNP I-NP
Group NNP I-NP
slipped VBD B-VP
5\/8 CD B-NP
to TO B-PP
44 CD B-NP
5\/8 CD I-NP
as IN B-SBAR
the DT B-NP
companies NNS I-NP
worked VBD B-VP
to TO I-VP
restore VB I-VP
service NN B-NP
to TO B-PP
areas NNS B-NP
affected VBN B-VP
by IN B-PP
the DT B-NP
quake NN I-NP
. . O

Chevron NNP B-NP
added VBD B-VP
1 CD B-NP
to TO B-PP
65 CD B-NP
. . O

The DT B-NP
company NN I-NP
, , O
based VBN B-VP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
said VBD B-VP
it PRP B-NP
had VBD B-VP
to TO I-VP
shut VB I-VP
down RP B-PRT
a DT B-NP
crude-oil NN I-NP
pipeline NN I-NP
in IN B-PP
the DT B-NP
Bay NNP I-NP
area NN I-NP
to TO B-VP
check VB I-VP
for IN B-PP
leaks NNS B-NP
but CC O
added VBD B-VP
that IN O
its PRP$ B-NP
refinery NN I-NP
in IN B-PP
nearby JJ B-NP
Richmond NNP I-NP
, , I-NP
Calif. NNP I-NP
, , O
was VBD B-VP
undamaged JJ B-ADJP
. . O

Other JJ B-NP
companies NNS I-NP
based VBN B-VP
in IN B-PP
the DT B-NP
area NN I-NP
include VBP B-VP
Hewlett-Packard NNP B-NP
, , O
which WDT B-NP
rose VBD B-VP
1\/4 CD B-NP
to TO B-PP
49 CD B-NP
; : O
National NNP B-NP
Semiconductor NNP I-NP
, , O
which WDT B-NP
went VBD B-VP
up IN B-ADVP
1\/4 CD B-NP
to TO B-PP
7 CD B-NP
5\/8 CD I-NP
, , O
and CC O
Genentech NNP B-NP
, , O
which WDT B-NP
eased VBD B-VP
1\/4 CD B-NP
to TO B-PP
19 CD B-NP
5\/8 CD I-NP
. . O

None NN B-NP
of IN B-PP
the DT B-NP
firms NNS I-NP
reported VBD B-VP
any DT B-NP
major JJ I-NP
damage NN I-NP
to TO B-PP
facilities NNS B-NP
as IN B-PP
a DT B-NP
result NN I-NP
of IN B-PP
the DT B-NP
quake NN I-NP
. . O

BankAmerica NNP B-NP
eased VBD B-VP
1\/2 CD B-NP
to TO B-PP
31 CD B-NP
7\/8 CD I-NP
and CC O
Wells NNP B-NP
Fargo NNP I-NP
lost VBD B-VP
1\/2 CD B-NP
to TO B-PP
81 CD B-NP
1\/2 CD I-NP
; : O
the DT B-NP
two CD I-NP
bank NN I-NP
holding VBG I-NP
companies NNS I-NP
, , O
based VBN B-VP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
, , O
were VBD B-VP
forced VBN I-VP
to TO I-VP
curtail VB I-VP
some DT B-NP
operations NNS I-NP
due JJ B-ADVP
to TO B-PP
the DT B-NP
temblor NN I-NP
. . O

Among IN B-PP
California NNP B-NP
savings-and-loan JJ I-NP
stocks NNS I-NP
, , O
H.F. NNP B-NP
Ahmanson NNP I-NP
eased VBD B-VP
3\/8 CD B-NP
to TO B-PP
22 CD B-NP
1\/4 CD I-NP
, , O
CalFed NNP B-NP
slid VBD B-VP
3\/4 CD B-NP
to TO B-PP
24 CD B-NP
1\/8 CD I-NP
, , O
Great NNP B-NP
Western NNP I-NP
Financial NNP I-NP
dropped VBD B-VP
1\/2 CD B-NP
to TO B-PP
21 CD B-NP
1\/4 CD I-NP
and CC O
Golden NNP B-NP
West NNP I-NP
Financial NNP I-NP
fell VBD B-VP
5\/8 CD B-NP
to TO B-PP
29 CD B-NP
1\/4 CD I-NP
. . O

UAL NNP B-NP
, , O
the DT B-NP
parent NN I-NP
company NN I-NP
of IN B-PP
United NNP B-NP
Airlines NNPS I-NP
, , O
swung VBD B-VP
within IN B-PP
a DT B-NP
14-point JJ I-NP
range NN I-NP
during IN B-PP
the DT B-NP
course NN I-NP
of IN B-PP
the DT B-NP
session NN I-NP
before IN B-PP
closing VBG B-VP
at IN B-PP
191 CD B-NP
3\/4 CD I-NP
, , O
down RB B-ADVP
6 CD B-NP
1\/4 CD I-NP
, , O
on IN B-PP
2.3 CD B-NP
million CD I-NP
shares NNS I-NP
. . O

British JJ B-NP
Airways NNPS I-NP
, , O
a DT B-NP
member NN I-NP
of IN B-PP
the DT B-NP
group NN I-NP
that WDT B-NP
had VBD B-VP
offered VBN I-VP
$ $ B-NP
300 CD I-NP
a DT B-NP
share NN I-NP
for IN B-PP
UAL NNP B-NP
in IN B-PP
a DT B-NP
leveraged JJ I-NP
buy-out NN I-NP
, , O
said VBD B-VP
it PRP B-NP
had VBD B-VP
yet RB I-VP
to TO I-VP
receive VB I-VP
a DT B-NP
revised VBN I-NP
proposal NN I-NP
and CC O
it PRP B-NP
was VBD B-VP
`` `` O
in IN B-PP
no DT B-NP
way NN I-NP
committed VBN B-VP
'' '' O
to TO B-PP
the DT B-NP
completion NN I-NP
of IN B-PP
a DT B-NP
bid NN I-NP
. . O

Separately RB B-ADVP
, , O
investor NN B-NP
Marvin NNP I-NP
Davis NNP I-NP
withdrew VBD B-VP
his PRP$ B-NP
backup NN I-NP
$ $ I-NP
300-a-share JJ I-NP
takeover NN I-NP
offer NN I-NP
. . O

While IN B-SBAR
UAL NNP B-NP
faltered VBD B-VP
, , O
AMR NNP B-NP
, , O
the DT B-NP
parent NN I-NP
of IN B-PP
American NNP B-NP
Airlines NNPS I-NP
, , O
pulled VBD B-VP
out IN B-PP
of IN B-PP
its PRP$ B-NP
recent JJ I-NP
nosedive NN I-NP
by IN B-PP
rising VBG B-VP
3\/4 CD B-NP
to TO B-PP
74 CD B-NP
. . O

The DT B-NP
stock NN I-NP
had VBD B-VP
been VBN I-VP
on IN B-PP
the DT B-NP
decline NN I-NP
since IN B-SBAR
the DT B-NP
financing NN I-NP
for IN B-PP
the DT B-NP
UAL NNP I-NP
buy-out NN I-NP
fell VBD B-VP
through IN B-ADVP
on IN B-PP
Friday NNP B-NP
and CC O
developer NN B-NP
Donald NNP I-NP
Trump NNP I-NP
subsequently RB B-ADVP
withdrew VBD B-VP
a DT B-NP
takeover NN I-NP
offer NN I-NP
of IN B-PP
$ $ B-NP
120 CD I-NP
a DT B-NP
share NN I-NP
for IN B-PP
AMR NNP B-NP
. . O

Also RB B-ADVP
, , O
AMR NNP B-NP
was VBD B-VP
the DT B-NP
most RBS I-NP
active JJ I-NP
Big NNP I-NP
Board NNP I-NP
issue NN I-NP
; : O
2.8 CD B-NP
million CD I-NP
shares NNS I-NP
changed VBD B-VP
hands NNS B-NP
. . O

GTE NNP B-NP
added VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
65 CD B-NP
3\/8 CD I-NP
. . O

PaineWebber NNP B-NP
repeated VBD B-VP
a DT B-NP
buy NN I-NP
recommendation NN I-NP
on IN B-PP
the DT B-NP
stock NN I-NP
and CC O
raised VBN B-VP
its PRP$ B-NP
1990 CD I-NP
earnings NNS I-NP
estimate NN I-NP
by IN B-PP
35 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
to TO B-PP
$ $ B-NP
5.10 CD I-NP
. . O

Colgate-Palmolive NNP B-NP
advanced VBD B-VP
1 CD B-NP
5\/8 CD I-NP
to TO B-PP
63 CD B-NP
after IN B-PP
saying VBG B-VP
it PRP B-NP
was VBD B-VP
comfortable JJ B-ADJP
with IN B-PP
analysts NNS B-NP
' POS B-NP
projections NNS I-NP
that IN B-SBAR
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
from IN B-PP
continuing VBG B-NP
operations NNS I-NP
would MD B-VP
be VB I-VP
between IN B-PP
95 CD B-NP
cents NNS I-NP
and CC O
$ $ B-NP
1.05 CD I-NP
a DT B-NP
share NN I-NP
, , O
up IN B-ADVP
from IN B-PP
69 CD B-NP
cents NNS I-NP
a DT B-NP
year NN I-NP
ago RB B-ADVP
. . O

Springs NNP B-NP
Industries NNPS I-NP
dropped VBD B-VP
1 CD B-NP
3\/8 CD I-NP
to TO B-PP
36 CD B-NP
. . O

Analysts NNS B-NP
at IN B-PP
several JJ B-NP
brokerage NN I-NP
firms NNS I-NP
lowered VBD B-VP
their PRP$ B-NP
1989 CD I-NP
and CC I-NP
1990 CD I-NP
earnings NNS I-NP
estimates NNS I-NP
on IN B-PP
the DT B-NP
company NN I-NP
after IN B-SBAR
its PRP$ B-NP
third-quarter JJ I-NP
results NNS I-NP
proved VBD B-VP
disappointing JJ B-ADJP
. . O

Trinova NNP B-NP
third-quarter JJ I-NP
loss NN I-NP
after IN B-PP
a DT B-NP
charge NN I-NP
for IN B-PP
a DT B-NP
planned VBN I-NP
restructuring NN I-NP
, , O
which WDT B-NP
will MD B-VP
include VB I-VP
the DT B-NP
closing VBG I-NP
or CC I-NP
downsizing VBG I-NP
of IN B-PP
about IN B-NP
25 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
plants NNS I-NP
and CC O
a DT B-NP
work NN I-NP
force NN I-NP
cut NN I-NP
of IN B-PP
about IN B-NP
1,500 CD I-NP
over IN B-PP
three CD B-NP
years NNS I-NP
. . O

The DT B-NP
Amex NNP I-NP
Market NNP I-NP
Value NNP I-NP
Index NNP I-NP
snapped VBD B-VP
a DT B-NP
five-session JJ I-NP
losing NN I-NP
streak NN I-NP
by IN B-PP
rising VBG B-VP
2.91 CD B-NP
to TO B-PP
378.07 CD B-NP
. . O

Volume NN B-NP
totaled VBD B-VP
12,500,000 CD B-NP
shares NNS I-NP
. . O

Carnival NNP B-NP
Cruise NNP I-NP
Lines NNP I-NP
Class NNP I-NP
A DT I-NP
rose VBD B-VP
1 CD B-NP
1\/4 CD I-NP
to TO B-PP
22 CD B-NP
3\/8 CD I-NP
. . O

The DT B-NP
company NN I-NP
, , O
citing VBG B-VP
market NN B-NP
conditions NNS I-NP
, , O
postponed VBD B-VP
a DT B-NP
$ $ I-NP
200 CD I-NP
million CD I-NP
debt NN I-NP
offer NN I-NP
. . O

Philip NNP B-NP
Morris NNP I-NP
Cos. NNP I-NP
posted VBD B-VP
a DT B-NP
20 CD I-NP
% NN I-NP
jump NN I-NP
in IN B-PP
third-quarter JJ B-NP
profit NN I-NP
on IN B-PP
a DT B-NP
45 CD I-NP
% NN I-NP
revenue NN I-NP
increase NN I-NP
, , O
reflecting VBG B-VP
strength NN B-NP
in IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
cigarette NN I-NP
, , I-NP
food NN I-NP
and CC I-NP
brewing NN I-NP
businesses NNS I-NP
. . O

Net JJ B-NP
income NN I-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
748 CD I-NP
million CD I-NP
, , O
or CC O
81 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
the DT B-NP
year-earlier JJ I-NP
$ $ I-NP
621 CD I-NP
million CD I-NP
, , O
or CC O
67 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
. . O

Per-share JJ B-NP
figures NNS I-NP
have VBP B-VP
been VBN I-VP
adjusted VBN I-VP
for IN B-PP
a DT B-NP
4-for-1 JJ I-NP
stock NN I-NP
split NN I-NP
paid VBN B-VP
earlier RBR B-NP
this DT I-NP
month NN I-NP
. . O

The DT B-NP
New NNP I-NP
York-based JJ I-NP
tobacco NN I-NP
, , I-NP
food NN I-NP
and CC I-NP
beer NN I-NP
concern NN I-NP
said VBD B-VP
revenue NN B-NP
increased VBN B-VP
to TO B-PP
$ $ B-NP
11.25 CD I-NP
billion CD I-NP
from IN B-PP
$ $ B-NP
7.74 CD I-NP
billion CD I-NP
. . O

In IN B-PP
composite JJ B-NP
trading NN I-NP
on IN B-PP
the DT B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
, , O
Philip NNP B-NP
Morris NNP I-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
43.375 CD I-NP
, , O
up IN B-ADVP
12.5 CD B-NP
cents NNS I-NP
. . O

Philip NNP B-NP
Morris NNP I-NP
disclosed VBD B-VP
little RB B-NP
detailed VBN I-NP
information NN I-NP
about IN B-PP
performance NN B-NP
by IN B-PP
major JJ B-NP
business NN I-NP
lines NNS I-NP
except VB O
to TO B-VP
say VB I-VP
that IN B-SBAR
most RBS B-NP
, , O
including VBG B-PP
Philip NNP B-NP
Morris NNP I-NP
U.S.A. NNP I-NP
, , O
Kraft NNP B-NP
General NNP I-NP
Foods NNPS I-NP
and CC O
Miller NNP B-NP
Brewing NNP I-NP
Co. NNP I-NP
, , O
posted VBD B-VP
increased VBN B-NP
revenues NNS I-NP
. . O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
net JJ B-NP
increased VBN B-VP
4.4 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
2.08 CD I-NP
billion CD I-NP
, , O
or CC O
$ $ B-NP
2.25 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
2 CD I-NP
billion CD I-NP
, , O
which WDT B-NP
included VBD B-VP
$ $ B-NP
273 CD I-NP
million CD I-NP
reflecting VBG B-VP
the DT B-NP
effect NN I-NP
of IN B-PP
an DT B-NP
accounting NN I-NP
change NN I-NP
. . O

Granges NNP B-NP
Inc. NNP I-NP
, , O
citing VBG B-VP
depressed JJ B-NP
gold NN I-NP
prices NNS I-NP
, , O
said VBD B-VP
it PRP B-NP
plans VBZ B-VP
to TO I-VP
suspend VB I-VP
operations NNS B-NP
for IN B-PP
an DT B-NP
indefinite JJ I-NP
period NN I-NP
at IN B-PP
its PRP$ B-NP
Tartan NNP I-NP
gold NN I-NP
mine NN I-NP
in IN B-PP
Manitoba NNP B-NP
. . O

Granges NNP B-NP
said VBD B-VP
in IN B-PP
Vancouver NNP B-NP
, , O
British NNP B-NP
Columbia NNP I-NP
, , O
that IN B-SBAR
the DT B-NP
production NN I-NP
halt NN I-NP
will MD B-VP
be VB I-VP
phased VBN I-VP
in IN B-ADVP
over IN B-PP
a DT B-NP
10-week JJ I-NP
period NN I-NP
. . O

Tartan NNP B-NP
currently RB B-ADVP
produces VBZ B-VP
gold NN B-NP
at IN B-PP
a DT B-NP
cash NN I-NP
operating VBG I-NP
cost NN I-NP
of IN B-PP
$ $ B-NP
393 CD I-NP
an DT B-NP
ounce NN I-NP
, , O
which WDT B-NP
is VBZ B-VP
high JJ B-ADJP
by IN B-PP
industry NN B-NP
standards NNS I-NP
and CC O
$ $ B-NP
25 CD I-NP
or CC I-NP
so RB I-NP
above IN B-PP
the DT B-NP
current JJ I-NP
spot NN I-NP
price NN I-NP
. . O

Granges NNP B-NP
said VBD B-VP
it PRP B-NP
also RB B-ADVP
plans VBZ B-VP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
to TO B-VP
write VB I-VP
down RP B-PRT
the DT B-NP
carrying VBG I-NP
value NN I-NP
of IN B-PP
the DT B-NP
Tartan NNP I-NP
mine NN I-NP
by IN B-PP
2.5 CD B-NP
million CD I-NP
Canadian JJ I-NP
dollars NNS I-NP
-LRB- ( O
US$ $ B-NP
2.12 CD I-NP
million CD I-NP
-RRB- ) O
, , O
and CC O
to TO B-VP
write VB I-VP
off IN B-PRT
most RBS B-NP
of IN B-PP
the DT B-NP
C$ $ I-NP
6.3 CD I-NP
million CD I-NP
carrying VBG I-NP
value NN I-NP
of IN B-PP
its PRP$ B-NP
Windflower NNP I-NP
gold NN I-NP
property NN I-NP
in IN B-PP
British NNP B-NP
Columbia NNP I-NP
. . O

Granges NNP B-NP
did VBD B-VP
n't RB I-VP
say VB I-VP
what WP B-NP
impact NN I-NP
the DT B-NP
moves NNS I-NP
would MD B-VP
have VB I-VP
on IN B-PP
total JJ B-NP
gold NN I-NP
output NN I-NP
or CC O
earnings NNS B-NP
, , O
and CC O
company NN B-NP
officials NNS I-NP
were VBD B-VP
n't RB O
available JJ B-ADJP
. . O

Computer NNP B-NP
Associates NNP I-NP
International NNP I-NP
Inc. NNP I-NP
, , O
Garden NNP B-NP
City NNP I-NP
, , O
N.Y. NNP B-NP
, , O
and CC O
Digital NNP B-NP
Equipment NNP I-NP
Corp. NNP I-NP
said VBD B-VP
they PRP B-NP
agreed VBD B-VP
to TO I-VP
jointly RB I-VP
develop VB I-VP
software NN B-NP
to TO B-VP
help VB I-VP
manage VB I-VP
Digital NNP B-NP
's POS B-NP
Vax NNP I-NP
computers NNS I-NP
. . O

Computer NNP B-NP
Associates NNPS I-NP
has VBZ B-VP
carved VBN I-VP
out RP B-PRT
a DT B-NP
huge JJ I-NP
business NN I-NP
selling VBG B-VP
such JJ B-NP
software NN I-NP
for IN B-PP
use NN B-NP
in IN B-PP
managing VBG B-NP
networks NNS I-NP
of IN B-PP
International NNP B-NP
Business NNP I-NP
Machines NNP I-NP
Corp. NNP I-NP
computers NNS I-NP
but CC O
needs VBZ B-VP
to TO I-VP
find VB I-VP
new JJ B-NP
markets NNS I-NP
if IN B-SBAR
it PRP B-NP
is VBZ B-VP
to TO I-VP
maintain VB I-VP
its PRP$ B-NP
growth NN I-NP
rate NN I-NP
of IN B-PP
30 CD B-NP
% NN I-NP
and CC I-NP
more JJR I-NP
each DT B-NP
year NN I-NP
. . O

The DT B-NP
market NN I-NP
for IN B-PP
system-management NN B-NP
software NN I-NP
for IN B-PP
Digital NNP B-NP
's POS B-NP
hardware NN I-NP
is VBZ B-VP
fragmented JJ I-VP
enough RB B-ADVP
that IN B-SBAR
a DT B-NP
giant NN I-NP
such JJ B-PP
as IN I-PP
Computer NNP B-NP
Associates NNPS I-NP
should MD B-VP
do VB I-VP
well RB B-ADVP
there RB B-ADVP
. . O

At IN B-PP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
the DT B-NP
market NN I-NP
is VBZ B-VP
smaller JJR B-ADJP
than IN B-PP
the DT B-NP
market NN I-NP
for IN B-PP
IBM-compatible JJ B-NP
software NN I-NP
. . O

For IN B-PP
one CD B-NP
thing NN I-NP
, , O
Digital NNP B-NP
, , O
Maynard NNP B-NP
, , O
Mass. NNP B-NP
, , O
has VBZ B-VP
sold VBN I-VP
fewer JJR B-NP
machines NNS I-NP
. . O

In IN B-PP
addition NN B-NP
, , O
its PRP$ B-NP
machines NNS I-NP
are VBP B-VP
typically RB B-ADVP
easier JJR B-ADJP
to TO B-VP
operate VB I-VP
, , O
so RB O
customers NNS B-NP
require VBP B-VP
less JJR B-NP
assistance NN I-NP
from IN B-PP
software NN B-NP
. . O

Wang NNP B-NP
Laboratories NNP I-NP
Inc. NNP I-NP
, , O
Lowell NNP B-NP
, , O
Mass. NNP B-NP
, , O
beset VBN B-VP
by IN B-PP
declining VBG B-NP
demand NN I-NP
for IN B-PP
its PRP$ B-NP
computers NNS I-NP
, , O
reported VBD B-VP
a DT B-NP
$ $ I-NP
62.1 CD I-NP
million CD I-NP
, , I-NP
38-cents-a-share JJ I-NP
loss NN I-NP
in IN B-PP
its PRP$ B-NP
first JJ I-NP
quarter NN I-NP
ended VBN B-VP
Sept. NNP B-NP
30 CD I-NP
. . O

Revenue NN B-NP
fell VBD B-VP
12.7 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
596.8 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
684 CD I-NP
million CD I-NP
, , O
although IN B-SBAR
some DT B-NP
of IN B-PP
the DT B-NP
decline NN I-NP
was VBD B-VP
caused VBN I-VP
by IN B-PP
discontinued JJ B-NP
operations NNS I-NP
. . O

Wang NNP B-NP
had VBD B-VP
previously RB I-VP
forecast VBP I-VP
a DT B-NP
loss NN I-NP
. . O

The DT B-NP
company NN I-NP
reiterated VBD B-VP
that IN B-SBAR
it PRP B-NP
expects VBZ B-VP
another DT B-NP
loss NN I-NP
in IN B-PP
the DT B-NP
second JJ I-NP
quarter NN I-NP
and CC B-PP
for IN B-PP
the DT B-NP
full JJ I-NP
year NN I-NP
, , O
although IN B-SBAR
it PRP B-NP
expects VBZ B-VP
a DT B-NP
profitable JJ I-NP
fourth JJ I-NP
quarter NN I-NP
. . O

A DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
Wang NNP B-NP
had VBD B-VP
earnings NNS B-NP
of IN B-PP
$ $ B-NP
13.1 CD I-NP
million CD I-NP
, , O
or CC O
eight CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
its PRP$ B-NP
first JJ I-NP
quarter NN I-NP
, , O
including VBG B-PP
a DT B-NP
$ $ I-NP
3.1 CD I-NP
million CD I-NP
loss NN I-NP
from IN B-PP
discontinued VBN B-NP
operations NNS I-NP
. . O

The DT B-NP
latest JJS I-NP
period NN I-NP
loss NN I-NP
included VBD B-VP
a DT B-NP
$ $ I-NP
12.9 CD I-NP
pretax JJ I-NP
charge NN I-NP
for IN B-PP
severance NN B-NP
payments NNS I-NP
. . O

Dayton NNP B-NP
Hudson NNP I-NP
Corp. NNP I-NP
said VBD B-VP
it PRP B-NP
accepted VBD B-VP
for IN B-PP
purchase NN B-NP
seven CD B-NP
million CD I-NP
common JJ I-NP
shares NNS I-NP
at IN B-PP
$ $ B-NP
62.875 CD I-NP
each DT B-NP
, , O
under IN B-PP
the DT B-NP
terms NNS I-NP
of IN B-PP
a DT B-NP
Dutch JJ I-NP
auction NN I-NP
self-tender JJ I-NP
offer NN I-NP
. . O

The DT B-NP
offer NN I-NP
expired VBD B-VP
at IN B-PP
12:01 CD B-NP
a.m. NN I-NP
yesterday NN B-NP
. . O

In IN B-PP
a DT B-NP
Dutch JJ I-NP
auction NN I-NP
, , O
the DT B-NP
buyer NN I-NP
sets VBZ B-VP
a DT B-NP
price NN I-NP
range NN I-NP
and CC O
holders NNS B-NP
give VBP B-VP
a DT B-NP
price NN I-NP
in IN B-PP
that DT B-NP
range NN I-NP
at IN B-PP
which WDT B-NP
they PRP B-NP
're VBP B-VP
willing JJ B-ADJP
to TO B-VP
sell VB I-VP
their PRP$ B-NP
shares NNS I-NP
. . O

The DT B-NP
buyer NN I-NP
then RB B-ADVP
picks VBZ B-VP
a DT B-NP
price NN I-NP
and CC O
buys VBZ B-VP
shares NNS B-NP
at IN B-PP
that DT B-NP
price NN I-NP
from IN B-PP
holders NNS B-NP
who WP B-NP
offered VBD B-VP
to TO I-VP
sell VB I-VP
at IN B-PP
that DT B-NP
price NN I-NP
or CC O
lower JJR B-ADVP
. . O

Dayton NNP B-NP
Hudson NNP I-NP
's POS B-NP
repurchase NN I-NP
offer NN I-NP
, , O
representing VBG B-VP
about IN B-NP
9 CD I-NP
% NN I-NP
of IN B-PP
its PRP$ B-NP
common JJ I-NP
shares NNS I-NP
outstanding JJ B-ADJP
, , O
had VBD B-VP
established VBN I-VP
a DT B-NP
range NN I-NP
of IN B-PP
between IN B-NP
$ $ I-NP
60 CD I-NP
and CC I-NP
$ $ I-NP
65 CD I-NP
for IN B-PP
the DT B-NP
buy-back NN I-NP
. . O

Dayton NNP B-NP
Hudson NNP I-NP
said VBD B-VP
it PRP B-NP
accepted VBD B-VP
all DT B-NP
odd-lot JJ I-NP
shares NNS I-NP
tendered VBN B-VP
at IN B-PP
or CC I-PP
below IN I-PP
the DT B-NP
final JJ I-NP
$ $ I-NP
62.875 CD I-NP
price NN I-NP
; : O
the DT B-NP
preliminary JJ I-NP
proration NN I-NP
factor NN I-NP
for IN B-PP
other JJ B-NP
shares NNS I-NP
tendered VBN B-VP
at IN B-PP
or CC I-PP
below IN I-PP
the DT B-NP
final JJ I-NP
price NN I-NP
is VBZ B-VP
98 CD B-NP
% NN I-NP
. . O

The DT B-NP
Minneapolis-based JJ I-NP
retailer NN I-NP
said VBD B-VP
it PRP B-NP
expects VBZ B-VP
to TO I-VP
pay VB I-VP
for IN B-PP
the DT B-NP
seven CD I-NP
million CD I-NP
shares NNS I-NP
next JJ B-NP
Thursday NNP I-NP
. . O

Tendered JJ B-NP
shares NNS I-NP
not RB B-VP
purchased VBN I-VP
will MD B-VP
be VB I-VP
returned VBN I-VP
to TO B-PP
holders NNS B-NP
. . O

In IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
, , O
Dayton NNP B-NP
rose VBD B-VP
$ $ B-NP
1 CD I-NP
to TO B-PP
$ $ B-NP
61.125 CD I-NP
. . O

Continental NNP B-NP
Bank NNP I-NP
Corp. NNP I-NP
's POS B-NP
third-quarter JJ I-NP
net JJ I-NP
income NN I-NP
slipped VBD B-VP
11 CD B-NP
% NN I-NP
despite IN B-PP
a DT B-NP
big JJ I-NP
gain NN I-NP
from IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
the DT B-NP
company NN I-NP
's POS B-NP
London NNP I-NP
headquarters NN I-NP
building NN I-NP
. . O

The DT B-NP
$ $ I-NP
55 NN I-NP
million CD I-NP
gain NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
was VBD B-VP
offset VBN I-VP
by IN B-PP
lower JJR B-NP
interest NN I-NP
income NN I-NP
, , O
poorer JJR B-NP
results NNS I-NP
from IN B-PP
foreign-exchange JJ B-NP
trading NN I-NP
and CC O
a DT B-NP
$ $ I-NP
9 CD I-NP
million CD I-NP
loss NN I-NP
on IN B-PP
the DT B-NP
sale NN I-NP
of IN B-PP
a DT B-NP
unit NN I-NP
, , O
Securities NNP B-NP
Settlement NNP I-NP
Corp NNP I-NP
. . O

Chicago-based JJ B-NP
Continental NNP I-NP
earned VBD B-VP
$ $ B-NP
65.2 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.04 CD I-NP
a DT B-NP
share NN I-NP
, , O
compared VBN B-PP
with IN B-PP
$ $ B-NP
73.6 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.19 CD I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

The DT B-NP
1988 CD I-NP
quarter NN I-NP
also RB B-ADVP
included VBD B-VP
one-time JJ B-NP
gains NNS I-NP
totaling VBG B-VP
about RB B-NP
$ $ I-NP
35 CD I-NP
million CD I-NP
. . O

The DT B-NP
bank NN I-NP
, , O
which WDT B-NP
has VBZ B-VP
loss NN B-NP
reserves NNS I-NP
equal JJ B-ADJP
to TO B-PP
about IN B-NP
half VB I-NP
its PRP$ I-NP
long-term JJ I-NP
and CC I-NP
medium-term JJ I-NP
loans NNS I-NP
to TO B-PP
less-developed JJ B-NP
nations NNS I-NP
, , O
said VBD B-VP
it PRP B-NP
does VBZ B-VP
n't RB I-VP
think VB I-VP
additional JJ B-NP
reserves NNS I-NP
are VBP B-VP
required VBN I-VP
. . O

Enron NNP B-NP
Corp. NNP I-NP
said VBD B-VP
a DT B-NP
subsidiary NN I-NP
and CC O
two CD B-NP
United NNP I-NP
Kingdom NNP I-NP
firms NNS I-NP
are VBP B-VP
studying VBG I-VP
the DT B-NP
feasibility NN I-NP
of IN B-PP
constructing VBG B-VP
a DT B-NP
1,500 CD I-NP
megawatt NN I-NP
gas-fired JJ I-NP
power NN I-NP
plant NN I-NP
in IN B-PP
northern JJ B-NP
England NNP I-NP
as IN B-PP
an DT B-NP
outgrowth NN I-NP
of IN B-PP
the DT B-NP
government NN I-NP
's POS B-NP
privatization NN I-NP
program NN I-NP
. . O

Enron NNP B-NP
Power NNP I-NP
Corp. NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
the DT B-NP
Houston NNP I-NP
natural JJ I-NP
gas NN I-NP
pipeline NN I-NP
company NN I-NP
, , O
would MD B-VP
design VB I-VP
, , I-VP
construct VB I-VP
and CC I-VP
run VB I-VP
the DT B-NP
plant NN I-NP
. . O

Gas NNP B-NP
to TO B-VP
fuel VB I-VP
it PRP B-NP
would MD B-VP
be VB I-VP
piped VBN I-VP
from IN B-PP
the DT B-NP
North NNP I-NP
Sea NNP I-NP
. . O

A DT B-NP
subsidiary NN I-NP
of IN B-PP
Britain NNP B-NP
's POS B-NP
Imperial NNP I-NP
Chemical NNP I-NP
Industries NNPS I-NP
would MD B-VP
buy VB I-VP
electricity NN B-NP
and CC I-NP
steam NN I-NP
from IN B-PP
the DT B-NP
proposed VBN I-NP
station NN I-NP
. . O

Surplus JJ B-NP
power NN I-NP
would MD B-VP
be VB I-VP
sold VBN I-VP
on IN B-PP
the DT B-NP
open JJ I-NP
market NN I-NP
, , O
Enron NNP B-NP
said VBD B-VP
. . O

Also RB B-ADVP
participating VBG B-VP
in IN B-PP
the DT B-NP
study NN I-NP
, , O
Enron NNP B-NP
said VBD B-VP
, , O
is VBZ B-VP
the DT B-NP
National NNP I-NP
Power NNP I-NP
division NN I-NP
of IN B-PP
Britain NNP B-NP
's POS B-NP
Central NNP I-NP
Electricity NNP I-NP
Generating NNP I-NP
Board NNP I-NP
. . O

Upon IN B-PP
privatization NN B-NP
, , O
National NNP B-NP
Power NNP I-NP
will MD B-VP
be VB I-VP
responsible JJ B-ADJP
for IN B-PP
70 CD B-NP
% NN I-NP
of IN B-PP
the DT B-NP
country NN I-NP
's POS B-NP
power NN I-NP
generating VBG I-NP
business NN I-NP
. . O

Viacom NNP B-NP
Inc. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
reported VBD B-VP
that IN B-SBAR
its PRP$ B-NP
third-quarter JJ I-NP
loss NN I-NP
widened VBD B-VP
to TO B-PP
$ $ B-NP
21.7 CD I-NP
million CD I-NP
, , O
or CC O
41 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
primarily RB B-ADVP
because IN B-PP
of IN I-PP
interest NN B-NP
expense NN I-NP
of IN B-PP
$ $ B-NP
70.1 CD I-NP
million CD I-NP
. . O

A DT B-NP
year NN I-NP
ago RB B-ADVP
, , O
Viacom NNP B-NP
had VBD B-VP
a DT B-NP
net JJ I-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
56.9 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.07 CD I-NP
a DT B-NP
share NN I-NP
. . O

Interest NN B-NP
expense NN I-NP
in IN B-PP
the DT B-NP
1988 CD I-NP
third JJ I-NP
quarter NN I-NP
was VBD B-VP
$ $ B-NP
75.3 CD I-NP
million CD I-NP
. . O

In IN B-PP
the DT B-NP
year-ago JJ I-NP
quarter NN I-NP
, , O
Viacom NNP B-NP
also RB B-ADVP
paid VBD B-VP
preferred JJ B-NP
stock NN I-NP
dividends NNS I-NP
of IN B-PP
$ $ B-NP
17 CD I-NP
million CD I-NP
; : O
Viacom NNP B-NP
exchanged VBD B-VP
its PRP$ B-NP
preferred JJ I-NP
stock NN I-NP
for IN B-PP
debt NN B-NP
in IN B-PP
March NNP B-NP
. . O

The DT B-NP
communications NNS I-NP
and CC I-NP
entertainment NN I-NP
company NN I-NP
said VBD B-VP
revenue NN B-NP
rose VBD B-VP
to TO B-PP
$ $ B-NP
345.5 CD I-NP
million CD I-NP
, , O
from IN B-PP
$ $ B-NP
311.6 CD I-NP
million CD I-NP
. . O

Viacom NNP B-NP
attributed VBD B-VP
the DT B-NP
improvement NN I-NP
to TO B-PP
higher JJR B-NP
earnings NNS I-NP
from IN B-PP
operations NNS B-NP
in IN B-PP
its PRP$ B-NP
networks NNS I-NP
segment VBP I-NP
, , O
which WDT B-NP
includes VBZ B-VP
the DT B-NP
MTV NNP I-NP
and CC I-NP
Showtime NNP I-NP
networks NNS I-NP
. . O

Viacom NNP B-NP
said VBD B-VP
it PRP B-NP
also RB B-ADVP
restructured VBD B-VP
bank NN B-NP
debt NN I-NP
under IN B-PP
a DT B-NP
$ $ I-NP
1.5 CD I-NP
billion CD I-NP
unsecured JJ I-NP
bank NN I-NP
agreement NN I-NP
that WDT B-NP
offers VBZ B-VP
significant JJ B-NP
interest NN I-NP
rate NN I-NP
savings NNS I-NP
. . O

Sumner NNP B-NP
M. NNP I-NP
Redstone NNP I-NP
, , O
Viacom NNP B-NP
's POS B-NP
chairman NN I-NP
, , O
said VBD B-VP
Viacom NNP B-NP
`` `` O
emerged VBD B-VP
from IN B-PP
our PRP$ B-NP
leveraged JJ I-NP
buy-out NN I-NP
structure NN I-NP
and CC O
gained VBD B-VP
substantial JJ B-NP
operating NN I-NP
and CC I-NP
financial JJ I-NP
flexibility NN I-NP
through IN B-PP
'' '' O
the DT B-NP
bank NN I-NP
pact NN I-NP
. . O

Trinova NNP B-NP
Corp. NNP I-NP
, , O
Maumee NNP B-NP
, , O
Ohio NNP B-NP
, , O
said VBD B-VP
it PRP B-NP
is VBZ B-VP
launching VBG I-VP
an DT B-NP
extensive JJ I-NP
restructuring NN I-NP
of IN B-PP
its PRP$ B-NP
core NN I-NP
business NN I-NP
, , O
and CC O
took VBD B-VP
a DT B-NP
charge NN I-NP
that WDT B-NP
resulted VBD B-VP
in IN B-PP
a DT B-NP
loss NN I-NP
of IN B-PP
$ $ B-NP
29.7 CD I-NP
million CD I-NP
, , O
or CC O
87 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
for IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

Trinova NNP B-NP
said VBD B-VP
it PRP B-NP
will MD B-VP
close VB I-VP
, , I-VP
move NN I-VP
or CC I-VP
overhaul NN I-VP
40 CD B-NP
of IN B-PP
its PRP$ B-NP
170 CD I-NP
manufacturing NN I-NP
facilities NNS I-NP
and CC O
over IN B-PP
the DT B-NP
next JJ I-NP
three CD I-NP
years NNS I-NP
cut VBP B-VP
1,500 CD B-NP
jobs NNS I-NP
from IN B-PP
its PRP$ B-NP
current JJ I-NP
world-wide JJ I-NP
payroll NN I-NP
of IN B-PP
22,300 CD B-NP
employees NNS I-NP
. . O

Most JJS B-NP
of IN B-PP
the DT B-NP
factory NN I-NP
closings NNS I-NP
and CC I-NP
job NN I-NP
cutbacks NNS I-NP
will MD B-VP
affect VB I-VP
Trinova NNP B-NP
's POS B-NP
Aeroquip NNP I-NP
operations NNS I-NP
, , O
which WDT B-NP
manufacture VBP B-VP
automotive JJ B-NP
plastics NNS I-NP
, , O
hoses NNS B-NP
and CC O
other JJ B-NP
industrial JJ I-NP
and CC I-NP
automotive JJ I-NP
parts NNS I-NP
. . O

Hoses NNS B-NP
and CC I-NP
plastics NNS I-NP
together RB B-ADVP
account VBP B-VP
for IN B-PP
about IN B-NP
42 CD I-NP
% NN I-NP
of IN B-PP
Trinova NNP B-NP
's POS B-NP
total JJ I-NP
annual JJ I-NP
sales NNS I-NP
. . O

In IN B-PP
a DT B-NP
separate JJ I-NP
announcement NN I-NP
, , O
Trinova NNP B-NP
said VBD B-VP
the DT B-NP
Aeroquip NNP I-NP
group NN I-NP
has VBZ B-VP
agreed VBN I-VP
to TO I-VP
sell VB I-VP
its PRP$ B-NP
spring-brake NN I-NP
, , I-NP
piston-brake NN I-NP
and CC I-NP
related VBN I-NP
businesses NNS I-NP
to TO B-PP
Midland NNP B-NP
Brake NNP I-NP
Inc. NNP I-NP
of IN B-PP
Branford NNP B-NP
, , O
Conn NNP B-NP
. . O

Terms NNS B-NP
were VBD B-VP
n't RB I-VP
disclosed VBN I-VP
. . O

To TO B-VP
provide VB I-VP
for IN B-PP
the DT B-NP
restructuring NN I-NP
's POS B-NP
costs NNS I-NP
, , O
Trinova NNP B-NP
said VBD B-VP
it PRP B-NP
took VBD B-VP
an DT B-NP
after-tax JJ I-NP
charge NN I-NP
of IN B-PP
$ $ B-NP
38.5 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.13 CD I-NP
a DT B-NP
share NN I-NP
, , O
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
. . O

The DT B-NP
$ $ I-NP
29.7 CD I-NP
million CD I-NP
net JJ I-NP
loss NN I-NP
compares VBZ B-VP
with IN B-PP
net JJ B-NP
income NN I-NP
of IN B-PP
$ $ B-NP
19.6 CD I-NP
million CD I-NP
, , O
or CC O
57 CD B-NP
cents NNS I-NP
a DT B-NP
share NN I-NP
, , O
a DT B-NP
year NN I-NP
earlier RBR B-ADVP
. . O

Sales NNS B-NP
rose VBD B-VP
8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
456.2 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
422 CD I-NP
million CD I-NP
. . O

Trinova NNP B-NP
closed VBD B-VP
at IN B-PP
$ $ B-NP
25 CD I-NP
, , O
down RB B-ADVP
$ $ B-NP
1 CD I-NP
, , O
in IN B-PP
New NNP B-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
composite JJ I-NP
trading NN I-NP
. . O

A DT B-NP
group NN I-NP
of IN B-PP
investors NNS B-NP
, , O
including VBG B-VP
Giancarlo NNP B-NP
Parretti NNP I-NP
's POS B-NP
Pathe NNP I-NP
Communications NNP I-NP
Corp. NNP I-NP
and CC O
Sasea NNP B-NP
Holding NNP I-NP
S.A. NNP I-NP
, , O
have VBP B-VP
agreed VBN I-VP
to TO I-VP
buy VB I-VP
76.66 CD B-NP
% NN I-NP
of IN B-PP
Odeon NNP B-NP
Finanziaria NNP I-NP
, , O
a DT B-NP
financially RB I-NP
troubled JJ I-NP
Italian JJ I-NP
TV NN I-NP
station NN I-NP
. . O

Florio NNP B-NP
Fiorini NNP I-NP
, , O
managing VBG B-NP
director NN I-NP
of IN B-PP
Geneva-based JJ B-NP
Sasea NNP I-NP
, , O
said VBD B-VP
the DT B-NP
investors NNS I-NP
would MD B-VP
pay VB I-VP
only RB B-NP
a DT I-NP
symbolic JJ I-NP
one CD I-NP
lira NN I-NP
for IN B-PP
the DT B-NP
station NN I-NP
, , O
`` `` O
but CC O
we PRP B-NP
have VBP B-VP
agreed VBN I-VP
to TO I-VP
raise VB I-VP
the DT B-NP
capital NN I-NP
that WDT B-NP
will MD B-VP
enable VB I-VP
the DT B-NP
company NN I-NP
to TO B-VP
continue VB I-VP
operating VBG I-VP
. . O

It PRP B-NP
's VBZ B-VP
sort NN B-NP
of IN B-PP
a DT B-NP
Chapter NN I-NP
11 CD I-NP
situation NN I-NP
, , O
'' '' O
he PRP B-NP
added VBD B-VP
, , O
referring VBG B-VP
to TO B-PP
the DT B-NP
U.S. NNP I-NP
bankruptcy NN I-NP
law NN I-NP
that WDT B-NP
protects VBZ B-VP
companies NNS B-NP
from IN B-PP
creditors NNS B-NP
while IN B-SBAR
they PRP B-NP
restructure VBP B-VP
. . O

Milan-based JJ B-NP
Odeon NNP I-NP
, , O
which WDT B-NP
draws VBZ B-VP
about IN B-NP
3 CD I-NP
% NN I-NP
of IN B-PP
Italian JJ B-NP
TV NN I-NP
viewers NNS I-NP
, , O
has VBZ B-VP
debt NN B-NP
of IN B-PP
250 CD B-NP
billion CD I-NP
lire NNS I-NP
-LRB- ( O
$ $ B-NP
181.9 CD I-NP
million CD I-NP
-RRB- ) O
, , O
Mr. NNP B-NP
Fiorini NNP I-NP
said VBD B-VP
. . O

He PRP B-NP
added VBD B-VP
that IN B-SBAR
details NNS B-NP
of IN B-PP
the DT B-NP
recapitalization NN I-NP
still RB B-ADVP
have VBP B-VP
to TO I-VP
be VB I-VP
worked VBN I-VP
out IN B-PRT
, , O
but CC O
that IN O
Pathe NNP B-NP
will MD B-VP
take VB I-VP
50 CD B-NP
% NN I-NP
of IN B-PP
Odeon NNP B-NP
, , O
Rome NNP B-NP
film NN I-NP
producer NN I-NP
Bruno NNP I-NP
Lucisano NNP I-NP
will MD B-VP
take VB I-VP
10 CD B-NP
% NN I-NP
and CC O
the DT B-NP
remaining VBG I-NP
16.66 CD I-NP
% NN I-NP
, , O
currently RB B-VP
owned VBN I-VP
by IN B-PP
Sasea NNP B-NP
, , O
will MD B-VP
eventually RB I-VP
be VB I-VP
sold VBN I-VP
to TO B-PP
other JJ B-NP
investors NNS I-NP
. . O

Calisto NNP B-NP
Tanzi NNP I-NP
, , O
Odeon NNP B-NP
's POS B-NP
owner NN I-NP
, , O
will MD B-VP
retain VB I-VP
his PRP$ B-NP
23.34 CD I-NP
% NN I-NP
stake NN I-NP
. . O

Italy NNP B-NP
's POS B-NP
Supreme NNP I-NP
Court NNP I-NP
this DT B-NP
year NN I-NP
ordered VBD B-VP
Parliament NNP B-NP
to TO B-VP
write VB I-VP
a DT B-NP
law NN I-NP
that WDT B-NP
will MD B-VP
regulate VB I-VP
media NNS B-NP
ownership NN I-NP
. . O

`` `` O
We PRP B-NP
think VBP B-VP
that IN B-SBAR
it PRP B-NP
's VBZ B-VP
going VBG I-VP
to TO I-VP
be VB I-VP
far RB B-ADJP
more RBR I-ADJP
favorable JJ I-ADJP
to TO B-VP
own VB I-VP
a DT B-NP
station NN I-NP
before IN B-SBAR
the DT B-NP
law NN I-NP
is VBZ B-VP
passed VBN I-VP
than IN B-SBAR
to TO B-VP
try VB I-VP
to TO I-VP
buy VB I-VP
one CD B-NP
afterward RB B-ADVP
, , O
'' '' O
Mr. NNP B-NP
Fiorini NNP I-NP
said VBD B-VP
. . O

San NNP B-NP
Francisco NNP I-NP
area NN I-NP
officials NNS I-NP
gave VBD B-VP
the DT B-NP
media NNS I-NP
high JJ B-NP
marks NNS I-NP
for IN B-PP
helping VBG B-VP
people NNS B-NP
find VBP B-VP
shelter NN B-NP
and CC O
obtain VB B-VP
emergency NN B-NP
information NN I-NP
after IN B-PP
Tuesday NNP B-NP
's POS B-NP
catastrophic JJ I-NP
earthquake NN I-NP
. . O

`` `` O
The DT B-NP
press NN I-NP
has VBZ B-VP
been VBN I-VP
doing VBG I-VP
an DT B-NP
excellent JJ I-NP
job NN I-NP
. . O

They PRP B-NP
are VBP B-VP
telling VBG I-VP
people NNS B-NP
what WP B-NP
roads NNS I-NP
are VBP B-VP
closed VBN B-ADJP
and CC O
just RB B-VP
keeping VBG I-VP
the DT B-NP
public RB I-NP
informed VBN B-ADJP
has VBZ B-VP
helped VBN I-VP
to TO I-VP
keep VB I-VP
the DT B-NP
panic NN I-NP
down RB B-PRT
, , O
'' '' O
said VBD B-VP
James NNP B-NP
Ball NNP I-NP
, , O
a DT B-NP
station NN I-NP
supervisor NN I-NP
at IN B-PP
Daly NNP B-NP
City NNP I-NP
Police NNP I-NP
Department NNP I-NP
. . O

Mr. NNP B-NP
Ball NNP I-NP
noted VBD B-VP
that IN B-SBAR
television NN B-NP
stations NNS I-NP
featured VBD B-VP
people NNS B-NP
holding VBG B-VP
up IN B-PRT
phone NN B-NP
books NNS I-NP
, , O
explaining VBG B-VP
where WRB B-ADVP
to TO B-VP
call VB I-VP
for IN B-PP
help NN B-NP
. . O

Radio NN B-NP
stations NNS I-NP
provided VBD B-VP
an DT B-NP
emergency NN I-NP
number NN I-NP
for IN B-PP
people NNS B-NP
who WP B-NP
smelled VBD B-VP
gas NN B-NP
but CC O
did VBD B-VP
n't RB I-VP
know VB I-VP
how WRB B-ADVP
to TO B-VP
turn VB I-VP
off IN B-PRT
their PRP$ B-NP
gas NN I-NP
supply NN I-NP
. . O

Kim NNP B-NP
Schwartz NNP I-NP
, , O
a DT B-NP
spokesperson NN I-NP
for IN B-PP
the DT B-NP
American NNP I-NP
Red NNP I-NP
Cross NNP I-NP
in IN B-PP
Los NNP B-NP
Angeles NNP I-NP
, , O
said VBD B-VP
television NN B-NP
and CC I-NP
radio NN I-NP
stations NNS I-NP
in IN B-PP
San NNP B-NP
Francisco NNP I-NP
played VBD B-VP
a DT B-NP
`` `` I-NP
very RB I-NP
positive JJ I-NP
role NN I-NP
'' '' O
by IN B-PP
providing VBG B-VP
the DT B-NP
address NN I-NP
of IN B-PP
28 CD B-NP
shelters NNS I-NP
of IN B-PP
the DT B-NP
Red NNP I-NP
Cross NNP I-NP
and CC B-PP
by IN B-PP
giving VBG B-VP
out RP B-PRT
the IN B-NP
Red NNP I-NP
Cross NNP I-NP
number NN I-NP
for IN B-PP
contributions NNS B-NP
to TO B-VP
help VB I-VP
earthquake NN B-NP
victims NNS I-NP
-LRB- ( O
1-800-453-9000 CD B-NP
-RRB- ) O
. . O

The DT B-NP
San NNP I-NP
Francisco NNP I-NP
Examiner NNP I-NP
issued VBD B-VP
a DT B-NP
special JJ I-NP
edition NN I-NP
around IN B-PP
noon NN B-NP
yesterday NN B-NP
that WDT B-NP
was VBD B-VP
filled VBN I-VP
entirely RB B-ADVP
with IN B-PP
earthquake NN B-NP
news NN I-NP
and CC I-NP
information NN I-NP
. . O

The DT B-NP
Examiner NNP I-NP
and CC O
the DT B-NP
San NNP I-NP
Francisco NNP I-NP
Chronicle NNP I-NP
were VBD B-VP
able JJ B-ADJP
to TO B-VP
publish VB I-VP
despite IN B-PP
Tuesday NNP B-NP
's POS B-NP
quake NN I-NP
, , O
which WDT B-NP
occurred VBD B-VP
close RB B-ADVP
to TO B-PP
deadline NN B-NP
for IN B-PP
many JJ B-NP
newspapers NNS I-NP
. . O

Sterling NNP B-NP
Software NNP I-NP
Inc. NNP I-NP
said VBD B-VP
it PRP B-NP
lost VBD B-VP
its PRP$ B-NP
bid NN I-NP
to TO B-VP
supply VB I-VP
software NN B-NP
services NNS I-NP
to TO B-PP
the DT B-NP
National NNP I-NP
Aeronautics NNP I-NP
and CC I-NP
Space NNP I-NP
Administration NNP I-NP
's POS B-NP
Ames NNP I-NP
Research NNP I-NP
Center NNP I-NP
at IN B-PP
Moffett NNP B-NP
Field NNP I-NP
, , O
Calif NNP B-NP
. . O

Sterling NNP B-NP
, , O
which WDT B-NP
estimated VBD B-VP
the DT B-NP
value NN I-NP
of IN B-PP
the DT B-NP
contract NN I-NP
at IN B-PP
$ $ B-NP
150 CD I-NP
million CD I-NP
, , O
said VBD B-VP
NASA NNP B-NP
selected VBD B-VP
another DT B-NP
bidder NN I-NP
for IN B-PP
final JJ B-NP
negotiations NNS I-NP
. . O

In IN B-PP
1988 CD B-NP
, , O
Dallas-based JJ B-NP
Sterling NNP I-NP
protested VBD B-VP
a DT B-NP
similar JJ I-NP
decision NN I-NP
by IN B-PP
NASA NNP B-NP
involving VBG B-VP
the DT B-NP
same JJ I-NP
contract NN I-NP
, , O
claiming VBG B-VP
it PRP B-NP
had VBD B-VP
submitted VBN I-VP
the DT B-NP
lowest JJS I-NP
bid NN I-NP
. . O

As IN B-PP
a DT B-NP
result NN I-NP
, , O
last JJ B-NP
March NNP I-NP
the DT B-NP
General NNP I-NP
Services NNP I-NP
Administration NNP I-NP
board NN I-NP
of IN B-PP
contract NN B-NP
appeals NNS I-NP
directed VBD B-VP
NASA NNP B-NP
to TO B-VP
reopen VB I-VP
negotiations NNS B-NP
on IN B-PP
the DT B-NP
contract NN I-NP
. . O

Sterling NNP B-NP
said VBD B-VP
it PRP B-NP
had VBD B-VP
requested VBN I-VP
a DT B-NP
briefing NN I-NP
by IN B-PP
NASA NNP B-NP
but CC O
had VBD B-VP
not RB I-VP
decided VBN I-VP
whether IN B-SBAR
to TO B-VP
protest VB I-VP
the DT B-NP
agency NN I-NP
's POS B-NP
latest JJS I-NP
decision NN I-NP
. . O

Consolidated NNP B-NP
Rail NNP I-NP
Corp. NNP I-NP
, , O
New NNP B-NP
York NNP I-NP
, , O
reported VBD B-VP
that IN B-SBAR
third-quarter JJ B-NP
net JJ I-NP
income NN I-NP
climbed VBD B-VP
4.8 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
87 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.27 CD I-NP
a DT B-NP
share NN I-NP
, , O
exceeding VBG B-VP
analysts NNS B-NP
' POS B-NP
expectations NNS I-NP
. . O

In IN B-PP
the DT B-NP
year-earlier JJ I-NP
quarter NN I-NP
, , O
the DT B-NP
freight NN I-NP
railroad NN I-NP
earned VBD B-VP
$ $ B-NP
83 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
1.21 CD I-NP
a DT B-NP
share NN I-NP
. . O

James NNP B-NP
A. NNP I-NP
Hagen NNP I-NP
, , O
chairman NN B-NP
and CC O
chief JJ B-NP
executive JJ I-NP
officer NN I-NP
, , O
noted VBD B-VP
that IN B-SBAR
earnings NNS B-NP
advanced VBD B-VP
`` `` O
in IN B-PP
the DT B-NP
face NN I-NP
of IN B-PP
a DT B-NP
drop NN I-NP
in IN B-PP
business NN B-NP
, , O
brought VBN B-VP
on IN B-PRT
by IN B-PP
the DT B-NP
general JJ I-NP
economic JJ I-NP
slowdown NN I-NP
. . O
'' '' O

Revenue NN B-NP
slipped VBD B-VP
4.6 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
835 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
876 CD I-NP
million CD I-NP
. . O

For IN B-PP
the DT B-NP
rest NN I-NP
of IN B-PP
1989 CD B-NP
, , O
Mr. NNP B-NP
Hagen NNP I-NP
said VBD B-VP
, , O
Conrail NNP B-NP
's POS B-NP
traffic NN I-NP
and CC I-NP
revenue NN I-NP
`` `` O
will MD B-VP
reflect VB I-VP
the DT B-NP
sluggish JJ I-NP
economy NN I-NP
, , O
but CC O
Conrail NNP B-NP
will MD B-VP
continue VB I-VP
to TO I-VP
take VB I-VP
steps NNS B-NP
to TO B-VP
control VB I-VP
and CC I-VP
reduce VB I-VP
costs NNS B-NP
. . O
'' '' O

For IN B-PP
the DT B-NP
nine CD I-NP
months NNS I-NP
, , O
Conrail NNP B-NP
earnings NNS I-NP
grew VBD B-VP
0.4 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
229 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.34 CD I-NP
a DT B-NP
share NN I-NP
, , O
from IN B-PP
$ $ B-NP
228 CD I-NP
million CD I-NP
, , O
or CC O
$ $ B-NP
3.31 CD I-NP
a DT B-NP
share NN I-NP
. . O

Revenue NN B-NP
was VBD B-VP
flat JJ B-ADJP
at IN B-PP
$ $ B-NP
2.59 CD I-NP
billion CD I-NP
. . O

Georgia NNP B-NP
Gulf NNP I-NP
Corp. NNP I-NP
, , O
hurt VBN B-VP
by IN B-PP
declining VBG B-NP
sales NNS I-NP
and CC O
falling VBG B-NP
chemical NN I-NP
prices NNS I-NP
, , O
said VBD B-VP
third-quarter JJ B-NP
earnings NNS I-NP
fell VBD B-VP
13 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
46.1 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
53.1 CD I-NP
million CD I-NP
in IN B-PP
the DT B-NP
year-earlier JJ I-NP
period NN I-NP
. . O

Sales NNS B-NP
declined VBD B-VP
10 CD B-NP
% NN I-NP
to TO B-PP
$ $ B-NP
251.2 CD I-NP
million CD I-NP
from IN B-PP
$ $ B-NP
278.7 CD I-NP
million CD I-NP
. . O

The DT B-NP
Atlanta-based JJ I-NP
chemical NN I-NP
manufacturer NN I-NP
said VBD B-VP
lower JJR B-NP
prices NNS I-NP
hurt VBD B-VP
margins NNS B-NP
for IN B-PP
most RBS B-NP
products NNS I-NP
. . O

`` `` O
We PRP B-NP
did VBD B-VP
see VB I-VP
some DT B-NP
relief NN I-NP
in IN B-PP
raw JJ B-NP
material NN I-NP
costs NNS I-NP
, , O
but CC O
it PRP B-NP
was VBD B-VP
n't RB O
sufficient JJ B-ADJP
to TO B-VP
offset VB I-VP
the DT B-NP
drop NN I-NP
in IN B-PP
sales NNS B-NP
prices NNS I-NP
, , O
'' '' O
James NNP B-NP
R. NNP I-NP
Kuse NNP I-NP
, , O
the DT B-NP
company NN I-NP
's POS B-NP
chairman NN I-NP
and CC I-NP
chief JJ I-NP
executive JJ I-NP
officer NN I-NP
said VBD B-VP
in IN B-PP
a DT B-NP
statement NN I-NP
. . O

On IN B-PP
a DT B-NP
per-share JJ I-NP
basis NN I-NP
, , O
quarterly JJ B-NP
earnings NNS I-NP
remained VBD B-VP
at IN B-PP
$ $ B-NP
1.85 CD I-NP
, , O
the DT B-NP
same JJ I-NP
as IN B-PP
last JJ B-NP
year NN I-NP
, , O
because IN B-PP
of IN I-PP
the DT B-NP
company NN I-NP
's POS B-NP
share NN I-NP
buy-back NN I-NP
program NN I-NP
. . O

Georgia NNP B-NP
Gulf NNP I-NP
had VBD B-VP
24.9 CD B-NP
million CD I-NP
shares NNS I-NP
outstanding JJ B-ADJP
on IN B-PP
average JJ B-NP
in IN B-PP
the DT B-NP
quarter NN I-NP
, , O
compared VBN B-PP
with IN B-PP
28.6 CD B-NP
million CD I-NP
in IN B-PP
the DT B-NP
third JJ I-NP
quarter NN I-NP
of IN B-PP
1988 CD B-NP
, , O
adjusted VBN B-VP
for IN B-PP
a DT B-NP
stock NN I-NP
split NN I-NP
paid VBN B-VP
in IN B-PP
January NNP B-NP
1989 CD I-NP
. . O

In IN B-PP
composite JJ B-NP
New NNP I-NP
York NNP I-NP
Stock NNP I-NP
Exchange NNP I-NP
trading NN I-NP
, , O
stock NN B-NP
in IN B-PP
Georgia NNP B-NP
Gulf NNP I-NP
, , O
which WDT B-NP
has VBZ B-VP
been VBN I-VP
mentioned VBN I-VP
as IN B-PP
a DT B-NP
takeover NN I-NP
candidate NN I-NP
, , O
rose VBD B-VP
$ $ B-NP
2.125 CD I-NP
a DT B-NP
share NN I-NP
to TO B-VP
close VB I-VP
at IN B-PP
$ $ B-NP
46.125 CD I-NP
. . O

This DT B-NP
temblor-prone JJ I-NP
city NN I-NP
dispatched VBD B-VP
inspectors NNS B-NP
, , O
firefighters NNS B-NP
and CC O
other JJ B-NP
earthquake-trained JJ I-NP
personnel NNS I-NP
to TO B-VP
aid VB I-VP
San NNP B-NP
Francisco NNP I-NP
. . O

But CC O
a DT B-NP
secondary JJ I-NP
agenda NN I-NP
among IN B-PP
officials NNS B-NP
in IN B-PP
the DT B-NP
City NNP I-NP
of IN B-PP
Angels NNPS B-NP
was VBD B-VP
to TO B-VP
learn VB I-VP
about IN B-PP
the DT B-NP
disaster-contingency NN I-NP
plans VBZ I-NP
that DT B-NP
work NN B-VP
and CC O
those DT B-NP
that WDT B-NP
do VBP B-VP
n't RB O
. . O

Los NNP B-NP
Angeles NNP I-NP
Mayor NNP I-NP
Tom NNP I-NP
Bradley NNP I-NP
used VBD B-VP
the DT B-NP
opportunity NN I-NP
to TO B-VP
push VB I-VP
the DT B-NP
City NNP I-NP
Council NNP I-NP
harder JJR B-ADVP
to TO B-VP
pass VB I-VP
a DT B-NP
measure NN I-NP
establishing VBG B-VP
a DT B-NP
loss-recovery JJ I-NP
reserve NN I-NP
of IN B-PP
$ $ B-NP
100 CD I-NP
million CD I-NP
. . O

The DT B-NP
amount NN I-NP
would MD B-VP
help VB I-VP
Los NNP B-NP
Angeles NNP I-NP
cope VB B-VP
in IN B-PP
the DT B-NP
first JJ I-NP
few JJ I-NP
weeks NNS I-NP
after IN B-PP
its PRP$ B-NP
own JJ I-NP
anticipated VBN I-NP
quake NN I-NP
, , O
while IN B-SBAR
waiting VBG B-VP
for IN B-SBAR
federal JJ B-NP
assistance NN I-NP
to TO B-VP
arrive VB I-VP
. . O

After IN B-SBAR
San NNP B-NP
Francisco NNP I-NP
Mayor NNP I-NP
Art NNP I-NP
Agnos NNP I-NP
spoke VBD B-VP
on IN B-PP
television NN B-NP
of IN B-PP
the DT B-NP
need NN I-NP
for IN B-SBAR
building NN B-NP
inspectors NNS I-NP
to TO B-VP
check VB I-VP
the DT B-NP
soundness NN I-NP
of IN B-PP
buildings NNS B-NP
, , O
Los NNP B-NP
Angeles NNP I-NP
dispatched VBD B-VP
32 CD B-NP
inspectors NNS I-NP
to TO B-VP
help VB I-VP
. . O

And CC O
the DT B-NP
county NN I-NP
of IN B-PP
Los NNP B-NP
Angeles NNP I-NP
placed VBD B-VP
its PRP$ B-NP
firefighters NNS I-NP
and CC I-NP
sheriffs NNS I-NP
on IN B-PP
alert JJ B-NP
, , O
ready JJ B-ADJP
to TO B-VP
send VB I-VP
in IN B-ADVP
reinforcements NNS B-NP
, , O
and CC O
alerted VBD B-VP
San NNP B-NP
Francisco NNP I-NP
that IN B-SBAR
the DT B-NP
city NN I-NP
has VBZ B-VP
1,000 CD B-NP
hospital NN I-NP
beds NNS I-NP
at IN B-PP
its PRP$ B-NP
disposal NN I-NP
. . O

Two CD B-NP
Los NNP I-NP
Angeles NNP I-NP
radio NN I-NP
stations NNS I-NP
initiated VBD B-VP
Red NNP B-NP
Cross NNP I-NP
donation NN I-NP
campaigns NNS I-NP
, , O
and CC O
one CD B-NP
Los NNP I-NP
Angeles NNP I-NP
bank NN I-NP
manager NN I-NP
forked JJ B-VP
over IN B-PRT
$ $ B-NP
150,000 CD I-NP
of IN B-PP
his PRP$ B-NP
own JJ I-NP
money NN I-NP
for IN B-PP
relief NN B-NP
purposes NNS I-NP
, , O
the DT B-NP
Red NNP I-NP
Cross NNP I-NP
said VBD B-VP
. . O

The DT B-NP
Los NNP I-NP
Angeles NNP I-NP
Red NNP I-NP
Cross NNP I-NP
sent VBD B-VP
2,480 CD B-NP
cots NNS I-NP
, , O
500 CD B-NP
blankets NNS I-NP
, , O
and CC O
300 CD B-NP
pints NNS I-NP
of IN B-PP
Type-O JJ B-NP
blood NN I-NP
. . O

It PRP B-NP
is VBZ B-VP
also RB I-VP
pulling VBG I-VP
20 CD B-NP
people NNS I-NP
out IN B-PP
of IN B-PP
Puerto NNP B-NP
Rico NNP I-NP
, , O
who WP B-NP
were VBD B-VP
helping VBG I-VP
Huricane NNP B-NP
Hugo NNP I-NP
victims NNS I-NP
, , O
and CC O
sending VBG B-VP
them PRP B-NP
to TO B-PP
San NNP B-NP
Francisco NNP I-NP
instead RB B-ADVP
. . O

