We are laser-light focused on this expense issue, and we've been able to get a much, much clearer view in terms of sizing our business and finding out exactly who we want to have on the A-team,

We have a growth platform, this is a growth company, and as the market understands that we believe our stock will do very well.

We've been helped by the markets but the great thing about Chase is its balance. We are the world's largest raiser of debt capital for corporations. If the equity market is not strong it creates a lot of opportunity in the debt market and that's where we dominate.

Seven of our ten units had double-digit earnings growth and an eighth had record earnings.

We do not feel at any time that the security of the plant has been in jeopardy.

We understand that the world has changed and we have to change with it, ... We are sorry we got involved with the people at Enron.