These announcements are the latest steps in Tenneco's five-year transformation, ... We are now at a point in our evolution where we must again ensure that the company is structured to provide the greatest value to our shareowners.

This is the final turn in the long road of the Tenneco transformation from a debt-ridden conglomerate of underperforming companies to a lineup of independent, 'pure play' growth companies,

[Tenneco said its outlook for 1999 remains positive.] Retail trends indicate that sales of Tenneco products are increasing and beginning to open up inventory channels, ... The original equipment business continues to grow significantly as we introduce more of our parts on more platforms amid a good outlook for vehicle production in North America and Europe and recovery in Asia.

We believe the timing is now right to capture the value of this business, especially in light of industry consolidation and the anticipated improvement in longer-term market conditions,

Washburn has reported that infant baboons and other young primates appear to be born with only three inborn fears -of falling, snakes, and the dark-corresponding respectively to the dangers posed by
Newtonian gravitation to tree-dwellers, by our ancient enemies the reptiles, and by mammalian nocturnal predators, which must have been particularly terrifying for the visually oriented primates.

The time scale for evolutionary or genetic change is very long. A characteristic period for the emergence of one advanced species from another is perhaps a hundred thousand years; and very often the difference in behavior between closely related species -say, lions and tigers- do not seem very great... But today we do not have ten million years to wait for the next advance. We live in a time when our world is changing at an unprecedented rate. While the changes are largely of our own making, they cannot be ignored. We must adjust and adapt and control, or we perish.