Benedetti... Primavera Con Una Esquina Rota

!
"#$%&'()(*(++$
!"#$%&'"%()*+
,+%('-.,#+%("*/%
!"#$%&#'()*+"',!&#-'.'
!"#$%&'()*#&
Primavera con una esquina rota.p65
1/6/00, 14:26
!"#$"%&%'()$
*&"%)"+$*(&",-./01-/0-2
34&"54&"346%)7'
8"94&:$";&:<&=
1/6/00, 14:26
>&"?'49&??&"34&"$%$:@A"%'(()$
B"$"+()%$C&($"&($"*&+')?"*&"$%$:@AD
E'((&()$"7':<&:<&D"+'(34&"&#$"&($"*&+')?
*&"$%$:@A=
+#*$($,%'-#&&%(
!#%$:$34&"7$*47'D"&?+&F'"('<'=
*(./'0%$12/#1'3"45$
1/6/00, 14:26
"#$%&'(%)*+,-./0+12345+5./26+.272+8
-./0+12345+5./26+.2729+':+32;<0=5>2+,07?@1+AB0+.0C>D.
57+ 12;C>58+ 5./D+ 51+ 70+ 51E5>;5>B09+ -.+ CF510+ ?51/5G+ <5>2
A5+H5I+51+3F01A2+12+H:515+;07+5./0>+.2729+JF5A2+>5E75K:2L
10>+;5M2>9+#2+1535.:/2+0>;0>+F1+C:2;C2+<0>0+<51.0>+51
H2.9+ N:>D.+ OF5+ 3F0/>2+ 0=2.G+ 3:132+ ;5.5.+ 6+ 30/2>35+ AB0.
.21+A5;0.:0A2+/:5;<2+<0>0+>5E75K:210>9+P+5.+3:5>/29+J5>2
12+.21+A5;0.:0A2+/:5;<2+<0>0+<51.0>+51+H2.9+&<>2H5342
<0>0+ 5.3>:C:>/5+ <2>OF5+ 406+ 7F109+ P+ 70+ 7F10+ .:5;<>5+ ;5
/>01OF:7:I0G+5.+32;2+F1+CD7.0;29+&A5;D.+:7F;:10G+0.B+.50
<>530>:0;51/5G+57+<0<57G+6+5./2+/:515+.F+:;<2>/013:0+<2>L
OF5+0+5./0+42>0+12+/515;2.+7FI+57Q3/>:309+-1+72.+A2.+<>:L
;5>2.+0=2.+1:+.:OF:5>0+/51B0+7F10G+0.B+OF5+12+;5+OF5M29
*:5;<>5+406+07?F:51+OF5+5./D+<52>G+32;2+32137FB0+-.2<29
P+40./0+<52>B.:;2G+32;2+32137F62+629
-.+ 3F>:2.29+ RF01A2+ F12+ 5./D+ 0EF5>0+ 5+ :;0?:10+ OF5G
<2>+F10+>0IS1+2+<2>+2/>0G+<F5A5+<0.0>+H0>:2.+0=2.+51/>5
3F0/>2+<0>5A5.G+<:51.0+OF5+12+0?F01/0>B0G+OF5+5.2+.5>B0
.513:770;51/5+ :1.2<2>/0C759+ #2+ 2C./01/5G+ 5.+ .2<2>/0C75G
60+.5+H59+&7+;512.+62+72+45+.2<2>/0A29+#2+1:5?2+40C5>
<0.0A2+ ;2;51/2.+ A5+ A5.5.<5>03:S1G+ 0A5;D.+ A5+ 0OF5L
772.+ 51+ OF5+ 70+ A5.5.<5>03:S1+ :137F65+ .FE>:;:51/2+ EB.:329
J5>2+ 042>0+ ;5+ >5E:5>2+ 0+ 70+ A5.5.<5>03:S1+ <F>0G+ 3F01A2
F12+5;<:5I0+0+3073F70>G+6+57+>5.F7/0A2+5.+5./0+M2>10A0+A5
370F.F>0G+;F7/:<7:30A0+<2>+;:75.+A5+AB0.9+#2+2C./01/5G+57
3F5><2+ 5.+ ;D.+ 0A0</0C75+ OF5+ 57+ D1:;29+ -7+ 3F5><2+ 5.+ 57
<>:;5>2+OF5+.5+032./F;C>0+0+72.+1F5H2.+42>0>:2.G+0+.F.
1F5H0.+ <2./F>0.G+ 07+ 1F5H2+ >:/;2+ A5+ .F.+ 1535.:A0A5.G+ 0
.F.+ 1F5H2.+ 301.013:2.G+ 0+ .F.+ 1F5H2.+ A5.301.2.G+ 0+ .F
1F5H2+4035>+6+0+.F+1F5H2+12+4035>9+*:+/51Q.+F1+32;<0L
=5>2G+72+<2AQ.+;5A:>+07+<>:13:<:2+32;2+0+F1+:1/>F.29+J5>2
A5+0+<232+.5+H0+321H:>/:51A2+51+:1/5>723F/2>9+-7+A5+042>0
5.+57+23/0H29+R>52+OF5+321+/2A2.+;5+45+775H0A2+C0./01/5
!!
11
1/6/00, 14:26
C:519+U2+C>0H2+5.+3F01A2+70.+A5.5.<5>03:215.+12+32:13:L
A51G+ 6+ 57+ 2/>2+ /5+ 321/0?:0+ 70+ .F60G+ 2+ H2.+ 75+ 321/0?:D.+ 70
/F609+ )+ /0;C:Q1+ <F5A5+ 23F>>:>+ OF5+ F12+ A5+ 72.+ A2.+ .5
2<21?0+>5.F57/0;51/5+07+321/0?:2+6+5.0+>5.:./513:0+2>:?:L
15+F1+342OF5+H5>C07G+F1+51E>51/0;:51/2G+6+51+5.2.+30.2.
MF./0;51/5+ 70+ 321A:3:S1+ A5+ 370F.F>0+ 06FA0+ <232G+ ;D.
C:51+5K035>C0+72.+D1:;2.G+75+4035+0+F12+,6+07+2/>28+<>2L
1F13:0>+0?>0H:2.G+6G+07?F10.+H535.G+40./0+A53:>+32.0.+:>>5L
<0>0C75.+ OF5+ 51.5?F:A0+ 0?FA:I01+ .F+ .:?1:E:30A2+ <2>+ 57
;5>2+45342+A5+OF5+70+<>5.513:0+A57+2/>2+5.+2C7:?0/2>:0+6
<2>+ /01/2+ :15H:/0C759+ P+ .:+ 70+ .:/F03:S1+ .5+ <215+ /01+ AF>0
OF5+72.+A2.+23F<01/5.+A57+7F?0>3:/2+12+.5+A:>:M01+70+<070L
C>0G+51/2135.+/07+32;<0=B0G+5;C0>0I2.0+6+/51.0G+72+A5/5L
>:2>0+0+F12+;F342+;D.G+6+;D.+>D<:A0;51/5G+OF5+F10+.2L
75A0A+/2/079+J2>+.F5>/5G+51+5./5+60+70>?2+4:./2>:07G+/FH5+F1
.272+30<B/F72+A5+5./5+5./:72G+6+AF>S+<2329+-./DC0;2.+/01
<2A>:A2.+A5+5.5+.:7513:2+0+A2.+H235.G+OF5+F10+/0>A5+12.
;:>0;2.+ 6+ 30.:+ .:;F7/D150;51/5+ 5;<5I0;2.+ 0+ 40C70>9
N5.<FQ.+EF5+ED3:79
V035+0<>2K:;0A0;51/5+A2.+;5.5.+OF5+12+/51?2+12/:L
3:0.+ /F60.9+ #2+ /5+ <>5?F1/2+ OFQ+ <0.0+ <2>OF5+ .Q+ 72+ OF5
<0.09+P+72+OF5+129+N:351+OF5+A51/>2+A5+F10+.5;010+/2A2
.5+ >5?F70>:I0>D+ 2/>0+ H5I9+ )M07D9+ #2+ .0CQ.+ 72+ :;<2>/01/5
OF5+ 5.+ F10+ 30>/0+ <0>0+ 3F07OF:5>0+ A5+ 12.2/>2.9+ RF01A2
406+>53>52+6+.07:;2.G+A5+:1;5A:0/2+.5+.0C5+OF:Q15.+>53:L
C:5>21+30>/0.+6+OF:Q15.+129+V06+F10+5K/>0=0+:7F;:103:S1
51+72.+>2./>2.+A5+72.+<>:;5>2.G+0F1OF5+;F340.+H535.+/>0L
/51+ A5+ 23F7/0>+ .F+ 075?>B0+ <0>0+ 12+ 51/>:./535>+ ;D.+ 0+ 72.
OF5+ 12+ /FH:5>21+ 5.0+ .F5>/59+ -1+ 5./0.+ @7/:;0.+ .5;010.G
<2>+>0I215.+2CH:0.G+/2A2.+5./DC0;2.+321+30>0.+70>?0.G+6
5.2+/0;<232+5.+CF5129+N5+;2A2+OF5+12+/51?2+>5.<F5./0
0+ 1:1?F10+ <>5?F1/0+ /F60G+ .513:770;51/5+ <2>OF5+ 30>5I32
A5+/F.+<>5?F1/0.9+J5>2+62+.B+/51?2+<>5?F1/0.9+#2+70.+OF5
H2.+ 60+ .0CQ.+ .:1+ 1535.:A0A+ A5+ OF5+ /5+ 70.+ 40?0G+ 6+ OF5G
A:342+.50+A5+<0.2G+12+;5+?F./0+4035>/5+<0>0+12+/51/0>/5
0+ OF5+ 07?F10+ H5I+ ,51+ C>2;0G+ 2+ 72+ OF5+ .5>B0+ ;F34B.:;2
;D.+ ?>0H5G+ 51+ .5>:28+ ;5+ A:?0.W+ XP0+ 129Y+ *:;<75;51/5
OF5>B0+<>5?F1/0>/5+<2>+57+Z:5M29+V035+;F342+OF5+12+;5
!T
12
1/6/00, 14:26
5.3>:C59+P+51+5./5+30.2+/51?2+70+:;<>5.:S1+A5+OF5+12+406
1:1?F10+2/>0+30F.0+<0>0+70+12+>535<3:S1+A5+30>/0.9+*S72
OF5+ 4035+ ;F342+ OF5+ 12+ ;5+ 5.3>:C59+ P+ 12+ .Q+ <2>+ OFQ9
%5<0.2+0+H535.+,.S72+;51/07;51/5G+370>28+72+OF5+>53F5>L
A2+ 40C5>75+ 5.3>:/2+ 51+ 07?F12.+ A5+ ;:.+ C>5H5.+ ;51.0M5.G
<5>2+12+3>52+OF5+4060+40C:A2+51+5772.+10A0+OF5+72+4:>:5L
>09+ \U2+ H5.+ 0+ ;51FA2]+ )/>0+ <>5?F1/0W+ \3S;2+ 75+ H0+ 0
^50/>:I+ 51+ 70+ 5.3F570]+ -1+ .F+ @7/:;0+ 30>/:/0+ ;5+ <0>53:S
12/0>+3:5>/0+0;C:?_5A0A+51+.F.+A0/2.9+\$5+A0.+3F51/0+A5
OF5+/5+5K/>0=2]+J5.5+0+;:+30<03:A0A+A5+0A0</03:S1G+OF5
12+5.+<230G+Q./0+5.+F10+A5+70.+E07/0.+0+70.+OF5+1:+;:+D1:L
;2+1:+;:+3F5><2+.5+401+032./F;C>0A29+&7+;512.G+40./0
4269+ \U75?0>Q+ 0+ 40C:/F0>;5]+ #2+ 72+ 3>529+ \Z2.+ /5+ 40C:L
/F0./5]
![
13
1/6/00, 14:26
V-%"N)*+P+R)#$(*)*+,V5342.+<27B/:32.8
ab>03:570+aA:M2+70+1:=0G+321+F1+H0.2+51+70+;012a9
\cF5>Q.+7:;210A0]
Z5./B0+F10+C7F.0+C70130G+<01/07215.+H0OF5>2.G+.01A0L
7:0.9+ U2.+ 30C5772.+ 15?>2.G+ 70>?2.+ 0F1OF5+ 12+ A5;0.:0A2G
.FM5/2.+ 51+ 70+ 1F30+ 321+ F10+ 3:1/0+ 0;0>:7709+ U0+ <:57+ ;F6
C701309+#F5H5+0=2.d+A:5IG+OF:ID9
aP0+/5+45+A:342+OF5+12+;5+770;5.+b>03:5709
a\J2>+OFQ]+\#2+5.+/F+12;C>5]
aR70>2+OF5+5.+;:+12;C>59+J5>2+<>5E:5>2+OF5+;5+A:?0.
;0;D9
a-./D+C:51G+<5>2+12+51/:51A29+Z2.+12+;5+A53B.+4:M0G
.:12+^50/>:I9
a-.+2/>0+32.09
a^F512G+\OF5>Q.+7:;210A0]
a*:G+?>03:0.9
b>03:570+0<0>51/0+/>5:1/0+6+A2.+2+/>5:1/0+6+3:132+0=2.G
6+/07+H5I+72.+/51?09+aU75H0+F10+<2775>0+?>:.+6+F10+30;:.0
>2M09+J572+30./0=2G+2M2.+?>01A5.+6+5K<>5.:H2.9+U0C:2.+3DL
7:A2.G+ 30.:+ .:1+ <:1/F>09+ ':51/>0.+ 40C70C0+ 321+ .F+ 4:M0G+ .5
40CB0+OF:/0A2+72.+01/52M2.G+<5>2+042>0+.5+72.+327230+A5
1F5H2+<0>0+.5?F:>+75651A29
^50/>:I+A5M0+57+H0.2+321+7:;210A0+51+F10+;5.:/0+OF5
/:515+A2.+351:35>2.G+6+.075+A5+70+40C:/03:S19+J5>2+07+30C2
A5+3:132+;:1F/2.+HF57H5+0+51/>0>9
a&65>+51+70+370.5+;5+<575Q+321+UF3:709
a&49
a\#2+/5+:1/5>5.0]
a*:5;<>5+ /5+ <575D.+ 321+ UF3:709+ N5C5+ .5>+ F10+ E2>;0
OF5+F./5A5.+A2.+/:5151+A5+OF5>5>.59+J2>OF5+.21+0;:?0.G
\12]
a*2;2.9
a\P+51/2135.]
!`
14
1/6/00, 14:26
a)/>0.+H535.+12.+<5750;2.+30.:+32;2+F1+MF5?2G+<5>2
065>+EF5+51+.5>:29
a&4+.B9
aV0C7S+A5+<0<D9
b>03:570+.5+OF:/0+2/>0+H5I+72.+01/52M2.9+&42>0+;F5./>0
:1/5>Q.9+^5C5+A5+F10+.270+H5I+70+7:;210A09
aN:M2+OF5+.:+<0<D+5./D+<>5.2+A5C5+.5>+F1+A57:13F51/59
a\P+H2.+OFQ+>5.<21A:./5]
aP2+ 75+ A:M5+ OF5+ 129+ cF5+ 5>0+ F1+ <>5.2+ <27B/:329+ J5>2
A5.<FQ.+<51.Q+OF5+12+.0CB0+C:51+OFQ+5>0+5.29+*:5;<>5+72
2:?2G+<5>2+12+.Q+C:51+OFQ+5.9
a\P+<2>+5.2+/5+<5750./5]
aJ2>+5.2G+6+0A5;D.+<2>OF5+;5+A:M2+OF5+51+.F+30.0+57
<0A>5+ A:35+ OF5+ 72.+ 5K:7:0A2.+ <27B/:32.+ H:5151+ 0+ OF:/0>75
/>0C0M2+0+70+?51/5+A57+<0B.9
a\P+H2.+OFQ+>5.<21A:./5]
a&4B+12+.F<5+OFQ+A53:>75G+6+51/2135.+75+A:+F1+?27<59
a&.B+ 57+ <0<D+ <2A>D+ A53:>+ 042>0+ OF5+ 72.+ 4:M2.+ A5+ 72.
5K:7:0A2.+30./:?01+0+.F+15109
a-1+>507:A0A+12+EF5+F1+?27<5G+.:12+F1+?27<53:/29+J5>2
5770+>5033:21S+32;2+.:+70+4FC:5>0+70./:;0A29
b>03:570+.5+0?0340+<0>0+0>>5?70>.5+F10+;5A:0G+6+OF:ID
/0;C:Q1+<0>0+/2;0>.5+F10+/>5?F0+2+>5E75K:210>9
a-./D+;07+OF5+70+4060.+?27<50A29
a'5+:;0?:12+OF5+.B9+J5>2G+\OFQ+:C0+0+4035>]
a$0;C:Q1+ 5.+ 3:5>/2+ OF5+ .F+ <0A>5+ 12+ A5C5>B0+ A53:>
5.0.+ 32.0.9+ -7+ .2C>5+ /2A2+ /51A>B0+ OF5+ 32;<>51A5>12.
;5M2>9
a\J2>+OFQ+Q7+.2C>5+/2A2]
aJ2>OF5+5.+F1+42;C>5+321+3F7/F>0+<27B/:309
a\Z2.+.2.+F10+;FM5>+321+3F7/F>0+<27B/:30]
b>03:570+>B5G+.5+0E72M0+F1+<232G+6+75+030>:3:0+57+<5729
a(1+<232+.B9+J5>2+;5+E07/0+;F3429
a\$5+E07/0+<0>0+OFQ]
aJ0>0+.5>+32;2+/F+<0A>5G+<2>+5M5;<729
a\-7+5./D+<>5.2+<2>+3F7<0+A5+.F+3F7/F>0+<27B/:30]
a#2+5K03/0;51/5+<2>+5.29+'D.+C:51+<2>+45342.+<27BL
/:32.9
!e
15
1/6/00, 14:26
a\cF5>Q.+A53:>+OF5+;0/S+0+07?F:51]
a#2G+^50/>:IG+12+;0/S+0+10A:59+V06+2/>2.+45342.+<2L
7B/:32.9
^50/>:I+.5+321/:5159+J0>535+0+<F1/2+A5+772>0>G+6+.:1+5;L
C0>?2+5./D+.21>:51A29
a&1ADG+/>05;5+;D.+7:;210A09
a*BG+b>03:5709
!f
16
1/6/00, 14:26
N)#+%&h&-U+,N5>>2/0+6+A5>>2/5>28
U2+5.513:07+5.+0A0</0>.59+P0+.Q+OF5+0+5./0+5A0A+5.+A:EBL
3:79+R0.:+:;<2.:C759+P+.:1+5;C0>?29+N5.<FQ.+A5+/2A2G+;:
5K:7:2+5.+;B29+#2+/2A2.+/:5151+F1+5K:7:2+<>2<:29+&+;B+OF:L
.:5>21+ 5130M0>;5+ F12+ 0M5129+ Z012+ :1/51/29+ U2+ 321H5>/B
51+;B29+\RS;2+EF5]+-.2+12+:;<2>/09+#2+5.+F1+.53>5/2+1:
F10+>5H5703:S19+P2+A:>B0+OF5+406+OF5+5;<5I0>+0+0<2A5L
>0>.5+A5+70.+30775.9+N5+70.+5.OF:10.9+N57+3:5729+N5+72.+30L
EQ.9+ N57+ .27+ 6G+ 72+ OF5+ 5.+ ;D.+ :;<2>/01/5G+ A5+ 70+ .2;C>09
RF01A2+ F12+ 775?0+ 0+ <5>3:C:>+ OF5+ F10+ 30775+ 12+ 75+ 5.+ 5KL
/>01M5>0G+ .S72+ 51/2135.+ 70+ 30775+ A5M0+ A5+ ;:>0>72+ 0+ F12
32;2+0+F1+5K/>0=29+P+0.B+321+/2A29+&7+<>:13:<:2+62+01A0L
C0+321+F1+C0./S1G+32;2+OF:ID+32>>5.<21A0+0+;:.+.5.51/0
6+.:5/5+0=2.9+J5>2+12+5>0+32.0+A5+70+5A0A9+->0+F10+321.5L
3F513:0+A57+A5.07:51/29+!""#G+.:5;<>5+40CB0+45342+57+;:.L
;2+ 30;:12+ <0>0+ H27H5>+ 0+ 30.09+ P+ $%&'( 5340C0+ 5.2+ A5
;512.9+ U0+ ?51/5+ 12+ 32;<>51A5+ 5.5+ /:<2+ A5+ 12./07?:09
R>551+OF5+70+12./07?:0+.S72+/:515+OF5+H5>+321+3:572.+6+D>L
C275.+ 6+ ;FM5>5.9+ &+ 72+ .F;2G+ 321+ ;:7:/013:0+ <27B/:309+ U0
<0/>:0G+51+E:19+J5>2+62+.:5;<>5+/FH5+12./07?:0.+;D.+?>:.5.G
;D.+ 2<030.9+ J2>+ 5M5;<72G+ Q.09+ -7+ 30;:12+ A5+ HF57/0+ 0
30.09+(10+/>01OF:7:A0AG+F1+.2.:5?2G+.0C5>+OFQ+H:515+A5.L
<FQ.+ A5+ 30A0+ 5.OF:10G+ A5+ 30A0+ E0>27G+ A5+ 30A0+ OF:2.329
!%&'G+51+30;C:2G+5;<53Q+0+30;:10>+6+0+.2><>51A5>;59+P
70+ .2><>5.0+ ;5+ E0/:?0C09+ P+ <2>+ 0=0A:AF>0+ 12+ 775?0C0+ 0
30.0G+ .:12+ 0+ "$( )$*+,$-+./0( R01.0A2+ A5+ .2><>51A5>;5G
5.2+ .B9+ $07+ H5I+ <2>+ 5.2+ >53F>>B+ 07+ C0./S19+ J0>0+ 0;:12>0>
/01/0.+.2><>5.0.9+)+OF:ID+<0>0+OF5+72.+32;<0/>:2/0.+OF5
:C0+ 51321/>01A2G+ ;5+ A:M5>01W+ XJ5>2G+ A21+ %0E057G+ F./5A
$""#(12+F.0C0+C0./S1YG+6+62+<FA:5>0+321/5./0>75.W+X^F5L
12G+ /0;<232+ H2.+ F.0C0.+ ?F060C5>09Y+ *2><>5.0+ <2>+ .2>L
<>5.09+(12+A5+5.2.+0.2;C>2.+EF5+F10+/:51A0+321+;D.30L
>0.G+A5+3272>5.+F1+<232+0CF.:H2.G+4:<12/:I01/5.9+#2+<2L
!g
17
1/6/00, 14:26
AB0+ 40C:/F0>;5+ 0+ 70.+ ;D.30>0.G+ 0F1OF5+ .:5;<>5+ EF5>01

70.+;:.;0.9+J5>2+MF1/2+321+70+>53F>>513:0+A5+70.+;D.30L
>0.G+.5+>5<5/B0+/0;C:Q1+;:+A5.52G+2+OF:ID+;:+5K<53/0/:H0G
A5+OF5+70.+;D.30>0.+30;C:0>01G+6+A:0>:0;51/5+;5+0.2;L
C>0C0+ 51321/>0>+ 70.+ ;:.;0.9+ P+ 51/2135.+ 57+ C0./S1+ ;5
06FA0C09+ \J2>+ OFQ]+ \J0>0+ OFQ]+ ^F512G+ <0>0+ 0<260>;5
3F01A2+;5+0.07/0C0+5.0+;2A5./0+A535<3:S1+A5+/2A0.+70.
/0>A5.G+OF:5>2+A53:>+3F01A2+32;<>2C0C0+OF5+70.+;D.30L
>0.+ 12+ 40CB01+ 30;C:0A29+ P+ A5C2+ >5321235>+ OF5+ ;:+ 5KL
<53/0/:H0+ 12+ 5>0+ /01+ 0C.F>A09+ J2>OF5+ 70+ ;D.30>0+ 12+ 5.
F1+>2./>29+-.+F1+0>/:E:3:2G+\12]+(1+>2./>2+30;C:0+.S72+<2>
033:A51/59+cF:5>2+A53:>+51+.F+5./>F3/F>0d+12+51+.F+5K<>5L
.:S1G+ OF5+ Q./0+ .B+ 5.+ H0>:0C759+ -1+ 30;C:2G+ F10+ ;D.30>0
<F5A5+30;C:0>+<2>+;:75.+A5+;2/:H2.9+N:?0;2.W+<2>+51.0L
62G+ <2>+ 5K<5>:;51/03:S1G+ <2>+ 0MF./5G+ <2>+ ;5M2>B0G+ <2>
A5/5>:2>2G+<2>+.F./:/F3:S19+*S72+0+72.+/>5.+;5.5.+32;<>51L
AB+OF5+12+<2AB0+5.<5>0>+10A0+A5+70.+;D.30>0.9+#2+:C01+0
30;C:0>+5.0.+5;<53:10A0.G+5.0.+/2IFA0.9+P+5;<53Q+0+E:L
M0>;5+51+72.+>2./>2.9+&7+E:1+A5+3F51/0.G+EF5+F1+CF51+30;L
C:29+U2.+>2./>2.+12+.5+>5<5/B019+Z51B01+403:0+;BG+6+A5MQ+57
C0./S19+P0+12+/51B0+OF5+0<260>;5+<0>0+.2<2>/0>+57+5./FL
<2>9+ cF:ID+ 30A0+ >2./>2+ 12+ 30;C:0>0+ 321+ 72.+ AB0.G+ .:12
321+72.+0=2.G+<5>2+72.+OF5+H51B01+0+;B+,321+5K35<3:S1+A5
F10+;51A:?0+4F5.FA0+6+/B;:A08+5>01+.:5;<>5+1F5H2.9+P
321+ 5772.+ H51B01+ /2A0.+ 70.+ 370.5.+ .23:075.G+ 51+ 0F/2.+ :;L
<>5.:2101/5.G+ 51+ 0F/:/2.+ ;2A5./2.G+ 51+ 0F/2CF.5.G+ 51+ .:L
770.+A5+>F5A0.G+2+.:;<75;51/5+30;:101A29+P0+12+534Q+A5
;512.+57+30;:12G+;21/5H:A5012+6+321.0C:A2G+A5+HF57/0
0+30.09+-1+70+1F5H0+3:FA0A+40CB0+1F5H2.+A5>>2/5>2.9+N5L
>>2/5>2+ H:515+ A5+ A5>>2/0G+ 60+ 72+ .Q9+ #F5./>0+ A5>>2/0+ 12
.5>D+ /2/07G+ <5>2+ 5.+ A5>>2/09+ P0+ 72+ 40CB0+ 32;<>51A:A2G
<5>2+72+321E:>;Q+<7510;51/5+3F01A2+A:+70+<>:;5>0+370.59
-7+07F;12+.5+<F.2+A5+<:5+6+<:A:S+<5>;:.2+<0>0+<>5?F1/0>9
P+<>5?F1/SW+X'05./>2G+\<2>+OFQ+>0IS1+.F+<0B.G+F10+0.51L
/0A0+A5;23>03:0+7:C5>07G+<0.S+/01+>D<:A0;51/5+0+.5>+F10
A:3/0AF>0+;:7:/0>]Y+U5+<5AB+OF5+12+;5+770;0>0+;05./>29
#2+5.+1F5./>0+32./F;C>59+J5>2+.5+72+<5AB+.270;51/5+<0>0
2>?01:I0>+70+>5.<F5./09+U5+A:M5+72+321.0C:A2W+OF5+57+<>2L
!i
18
1/6/00, 14:26
35.2+ 5;<5IS+ ;F342+ 01/5.G+ 12+ 51+ 70+ 307;0G+ .:12+ 51+ 57
.FC.F572+A5+70+307;09+P+EF:+012/01A2+51+57+<:I0>>S1+72.
H0>:2.+>FC>2.G+72.+<5>B2A2.G+70.+30>03/5>:I03:215.G+72.+32L
>270>:2.9+-7+;F340342+0.:1/:S9+P+62+75B+51+.F.+2M2.+32;L
<>51.:H2.+/2A0+70+A:;51.:S1+A5+;:+A5>>2/0G+A5+;:+A5>>2L
/5>29+P+A5.A5+51/2135.+>5?>5.2+ 30A0+ /0>A5+ <2>+ F10+ >F/0
A:./:1/09+J2>+2/>0+<0>/5G+042>0+60+12+HF57H2+0+&/$()$*+,$1
-+./0($0;<232+5.+F10+30.09+-.+.:;<75;51/5+F1+0<0>/0L
;51/2G+2+.50G+F1+.:;F703>2+A5+30.0W+F10+40C:/03:S1+321
0?>5?0A2.9+J5>2+70+1F5H0+3:FA0A+;5+?F./0G+\<2>+OFQ+12]
*F+?51/5+a;512.+;07a+/:515+A5E53/2.9+P+5.+;F6+51/>5L
/51:A2+ 5.<53:07:I0>;5+ 51+ 5772.9+ U0.+ H:>/FA5.+ a<2>+ .FL
<F5./2+/0;C:Q1+70.+<2.551a+?515>07;51/5+0CF>>519+U2.
A5E53/2.G+129+U0+3F>.:75>B0G+<2>+5M5;<72G+5.+F10+I210+<>2L
A:?:2.0G+ 51+ 70+ OF5+ 1F130+ 030C2+ A5+ 5.<53:07:I0>;59+ ':
C0./S1G+.:1+:>+;D.+75M2.G+5>0+F1+0;0?2+A5+3F>.:75>B0G+6+.:1
5;C0>?2+/FH5+OF5+0C01A210>729+RF01A2+;5+.:51/2+3F>.:G
;5+A5.<>53:2+F1+<2OF:/2G+6+5.2+5.+;07B.:;29+J2>OF5+1F1L
30+5.+CF512+A5.<>53:0>.5G+0+;512.+OF5+5K:./01+EF1A0A0.
>0I215.G+OF5+12+5.+;:+30.29
!j
19
1/6/00, 14:26
-l"U")*+,R0C0772+H5>A58
23+4(53434($/,34()$*'$(634*$"$78(3/(&/(3/-36$78(9+48
73( )8,3":( 3/( 8,6$( -+&7$7:( ;8"93#/7843( <+8"3/,$53/,3( "$
-$*3=$(-8/,6$(3"(4&3"80(>858(-8/43-&3/-+$(73(34$(-$'7$
43("3()$*'$(734963/7+78("$(63,+/$(?($)86$("8()$*'$/(8931
6$780( @86( +/7+-$-+./( 5A7+-$( 73*'$( 9365$/3-36( %&+/-3
7'$4($-84,$78:(-8/("84(784(8B84(<3/7$784:(8(43$(%&3(7&1
6$/,3( 343( "$948( 7393/7'$( ,8,$"53/,3( 73( 4&( 5&B360( >$7$
43,3/,$( ?( 784( )86$4( <3/'$( 3"( -+6&B$/8:( 734,$9$*$( 3"( 8B8
8936$78:( -85968*$*$( %&3( ,878( +*$( *+3/:( ?( <8"<'$( $( ,$1
9$6"80(C6$($-8/43B$*"3(%&3:($"(53/84(7&6$/,3("$(96+536$
435$/$:(/8(63-+*+36$(<+4+,$4:($(D+/(73(;$6$/,+=$6("$(%&+31
,&7(,8,$"0(@368(4'(987'$(34-&-)$6("$(6$7+8(?(3"(;6$*$786(0
30.5//59+E(986(4&9&34,8($,3/736(3"(,3"AD8/80
F$4(/8,+-+$4(73(6$7+8(/8(4."8(/8(36$/($*&66+7$4:(-858
3/( "$4( *&3/$4( A98-$4:( 4+/8( %&3( $( <3-34( 36$/( +/-"&48
34-$"8D6+$/,34:(?$(%&3(3/(3/368(73(GHIJ(48"'$/($9$63-36
7+3=(8(78-3(-$7#<3634(7+$6+84(3/("84(*$4&63684(986,3K840
C/,63( /8,+-+368( ?( /8,+-+368:( 43( 3/,63,3/'$( 34-&-)$/78
-$43,,34( 73( >)+-8( L&$6%&3:( 73( M+;"+3,,+:( 73( N$-)$
O&3<$6$:( 73( 2+"<+8( P876';&3=:( ?( ,$5*+A/( U0+ />F340+ 73
2-)&*36,(?($";Q/(-&$6,3,8(73(L33,)8<3/0
R,6$(7+<364+./(36$(96898/3643(+5#;3/34:(?(A4$()$*'$
9$4$78($(-8/<36,+643(3/("$(5#4(D$4-+/$/,3(73(4&4($-,+<+7$1
734( 9$4+<$4:( ?$( %&3( 4+/( 7&7$( +/-"&'$( &/( 3"353/,8( -63$1
786:($"(D+/(73(-&3/,$4(5#4(86+;+/$"(%&3(3"(4+59"3(?(,3S,&$"
63;+4,68(986("$(<+4,$(73("$4(+5#;3/34(%&3("$(63$"+7$7(+*$
968986-+8/$/780(!)86$(/80(!)86$(36$(A"(%&+3/(+/<3/,$*$
?( 63-"&,$*$( 34$( 63$"+7$7:( ?( A4,$( $9$63-'$( -8/( ,8784( 4&4
6$4;84(?(-8"8634(3/(3"(5&68(+/,36+86(73(4&4(8B84(-366$7840
C"( B&3;8( 36$( 34,+5&"$/,30( @3/4$6( 986( 3B359"8T( $)86$
<8?($(-63$6(&/(-$*$""8(<3673(*$B8("$(""&<+$:(?(%&3($9$631
-+36$(3/(3"(3/<A4(73(4&4(9#69$784(+/5.<+"340(N8(43($,631
Tk
20
1/6/00, 14:26
<'$($(8673/$6(%&3(3"(-$*$""8(,68,$6$(8(;$"89$6$:(986%&3("$
+/4,6&--+./(73"(5A7+-8(36$(%&3("$4(9&9+"$4(/8(43(58<+31
6$/:(?(/8(,3/'$(*+3/(-"$68(3/(4&(63-+3/,3(734-&*6+5+3/,8
4+( "$( 9&9+"$( -"$&4&6$7$( +*$( $( 43/,+6( 8( /8( "$( ,3/,$-+./( 73
43;&+6(3"(;$"893(73"(-$*$""8(<36730(@368(3/(-$5*+8(43(,81
5$*$(,87$4("$4("+*36,$734(9$6$(-8/-3*+6(-&$7684(+/5.<+1
"340( U+;$584T( ,634( /+K84( V784( 6&*+84( ?( &/( /3;6+,8:(-858
3/("$(9&*"+-+7$7(73("84(;6$/734(58/898"+84(/86,3$536+1
-$/84W:(3"(96+5368(-8/(&/(58/89$,'/:(3"(43;&/78(-8/(&/
;$,8(?(3"(,36-368(-8/(&/(*$"3680(R(,$5*+A/:(986(%&A(/8:
&/$(5&-)$-)$(734/&7$:(-&?$4(537+7$4(3"+;3(-&+7$784$1
53/,3($/,34(73(-8/-63,$6(4&(+5$;3/0(R(&/$($59"+$(9$/81
6#5+-$( 73( &/$( 9"$?$( 58/,3<+73$/$:( -8/( &/$( =8/$( 73
485*6+""$4( 73( -8"8634( 5&?( <+<84:( ?( 8,6$( 3/( -$5*+8( -$4+
734+36,$:(-8/(&/(<+3B8:(*$6*&78(?(3/(.42>/.G+$-859$K$78
73( &/( 93668( %&3( -8/,359"$( $"( $58( 3/( 34,$78( 73( 6';+7$
"3$",$70
C/,8/-34(48/.(3"(,3"AD8/8(?(634&",.(5&?(D#-+"(34,+6$6("$
5$/80(C6$(&/$(*&3/$($5+;$:(%&3(986(4&9&34,8(4$*'$(73
"$( 8936$-+./( 9368( %&3( /8( 963;&/,.( -.58( 43;&'$( /+( 4+
,878(+*$(*+3/0(X$5*+A/(4$*'$(%&3(3"($9$6,$53/,8(73(F$4
Y36$4(?(@&3?6637./(/8(7$*$($("$(-$""3Z($93/$4(4+(986(&/$
<3/,$/+,$(73"(-&$6,8(73(*$K8(43(<3'$/(,634(8(-&$,68(531
,684(73("$(9"$=$0(2+/(35*$6;8:(7+B8T( [X3(""$58(/$7$(5#4
%&3(9$6$(%&3(,3($48534($"(*$"-./(?(<3$4(%&A("+/78(734D+"3
5+"+,$6()$?(D63/,3($(,&(-$4$0\(E(-8";.0(C/,8/-34(A"("3(7+B8
$(4&(5&B36(%&3(5+6$6$(986("$(<3/,$/+,$(73"(*$K80(F8(9631
<+4+*"3T(&/$(8936$-+./(6$4,6+""80
[Y$?(%&3(%&35$6($";&/$4(-84$4\:(7+B8(A":(?(43(+5$;+/.
"$(5+6$7$(9638-&9$7$(73(4&(5&B360(E($(934$6(73("$(&6;3/1
-+$(,6$,.(73(,6$/%&+"+=$6"$($(537+$4T([N8()$?(/$7$(-"$/1
734,+/8:( 9368( 4+( 3/,6$/( $%&'( ?( 3/-&3/,6$/( -84$4( %&3( 43
$7%&+363/(3/(-&$"%&+36(%&+84-8:(-858("84(63"$,84(73"(>)3
8("$(23;&/7$(U3-"$6$-+./(73(F$(Y$*$/$(V/8(7+;8(]$/8/
8(O6$54-+(8(F&^#-4:(986%&3(/8(4$*3/(%&+A/34(48/W:(8($"1
;&/84(/Q53684(73("$(63<+4,$(':7:/013:0+2+73"(7+$6+8(#2/:L
3:0.G+348(*$4,$(9$6$(%&3(,3/;$584(968*"35$40\
C""$(D&3(%&35$/78("+*684(?(936+.7+-84:(5+3/,6$4(3-)$1
T!
21
1/6/00, 14:26
*$(34986#7+-$4(5+6$7$4($"(937$-+,8(73(9"$=$0(Y&*8(%&3
$*6+6( 8,6$4( <3/,$/$4( V"$4( %&3( 7$*$/( $"( B$67'/( 73"( D8/78
%&3(439$6$*$("84(784(*"8%&34W(9$6$(%&3(43(73493B$6$/(3"
)&58(?(3"(8"86($(%&35$780(!4'(7&6$/,3(<3+/,3(5+/&,840
_"(,6$,$*$(73(86+3/,$6"$T([`+6#:(3/(3"(43;&/78(34,$/,3:(3"
-&$6,8( ?( %&+/,8( "+*68( $( "$( +=%&+367$:( $)'( 34,#( -./Q/:30+ 6
;0>K:.;2G+3/(784(,85840(aF8(<34b(L&3/8:(3/(3"(34,$/,3
73($*$B8:(34,#/(%570/2.+A5+70+?F5>>0+>5H27F3:210>:0+?(-7
-./0A2+6+70+%5H27F3:S19Y
C""$(,3(963;&/,.(4+(,$5*+A/()$*'$(%&3(%&35$6(-7+3:15
.23:07:./0+?('0>K+6+J:30..29+_"(7+B8(%&3(%&35$6$(96+5368
"84(8,6840(_4,84(36$/(5#4(73D3/7+*"340([N8(3-)34("$4(-3/+1
=$4(986(3"(7&-,8(73("$(*$4&6$0(X6$,#(73(&4$6(3"(c$,360\(C"
)&58( "8( )+=8( ,8436( &/( 98-80( [aN8( ,3( )$6#( 5$"( $( "84
8B84b\( [@&373( 4360( @368( )$?( %&3( 3"3;+6( 3"( 5$"( 53/860
!735#4:(-638(%&3(/80(F84(,3/;8(*+3/(,$9$7840\
M8"<+.($(48/$6(3"(,3"AD8/80( F$($5+;$(8,6$(<3=T([ad&A
,$"b(aX3(;&4,.(3"(734D+"3b(F#4,+5$(%&3(,365+/.(,$/(968/,8:
a/8b\( [2'\:( 7+B8( A":( 6349+6$/78( )8/78:( [D&3( 5$;/'D+-80
d&A(7+4-+9"+/$:(%&A(-8"86:(%&A(3"3;$/-+$0(U3473(%&3(36$
&/(*8,+B$:(53(D$4-+/$/("84(734D+"34(73(48"7$7+,840(O6$-+$4
986($<+4$653\0
[L&3/8:(/8(%&3534(5#40(!"(53/84(986()8?0(E$(43(D&31
68/0\(C""$(,$5*+A/(6349+6.:(63-8;+.(-8/("$(9$"$("$4(Q",+5$4
-3/+=$4:("$4(3-).(3/(3"(c$,36:(,+6.("$(-$73/$:(<+;+".(4+(36$/
$66$4,6$7$4(986(3"($;&$:(43("$<.("$4(5$/84:(?(<+/8($(43/1
,$643:(?$($D"8B$7$:(-36-$(73("$(-$5$0(_"($"-$/=.($(,85$6,3
&/$(5$/80([`$K$/$(%&35$584(3"(634,8\:(7+B8(3""$:([9368
-8/(-$"5$\0([`3(7$("#4,+5$0(28/(,3S,84(%&3($(<3-34(/31
-34+,80\
C/,8/-34( ,6$,.( 73( 93/4$6( 3/( 3"( -$*$""8( <3673( *$B8( "$
""&<+$0( @368( /8( 4&98( *+3/( 986( %&A:( $)86$( 3"( -$*$""8( 36$
/3;68(63,+/,8(?("8(58/,$*$(&/(68*&4,8(B+/3,3(%&3(""3<$*$
%&39+4( 9368( /8( ,3/'$( 684,680( !"( 53/84( A"( /8( -8/43;&'$
7+4,+/;&+6"8(3/(3"(5&68(+/,36+86(73(4&4(9#69$7840
TT
22
1/6/00, 14:26
^-&$%"m+,U0.+5./03:215.8
U0.+5./03:215.+.21+<2>+72+;512.+:1H:5>12G+<>:;0H5>0+6
H5>0129+-7+:1H:5>12+5.+E0;2.2+<2>+70.+CFE01A0.+6+70+1:5L
H59+RF01A2+72.+H:5M53:/2.+6+70.+H:5M53:/0.+/:5;C701+51+:1L
H:5>12+.5+A:35+OF5+/:>:/019+P2+12+/:>:/2+<2>OF5+.26+1:=0+6
12+H:5M53:/0+6+0A5;D.+<2>OF5+;5+.:51/2+35>30+A5+70+5./FL
E09+-1+57+:1H:5>12+A5+72.+7:C>2.+6+70.+<57B3F70.+406+/>:152.G
<5>2+0OFB+129+&OFB+/0;<232+406+1:5H59+cFQ+0CF>>:A2+5.
57+:1H:5>12+0OFB9+*:1+5;C0>?2G+406+F1+H:51/2+?>01A:2.2
OF5+.5+.:51/5+.2C>5+/2A2+51+70.+2>5M0.9+':+0CF572+%0E057
A:35+0+H535.+OF5+.5+H0+0+>5/:>0>+0+.F.+3F0>/575.+A5+:1H:5>L
129+P2+12+.Q+<2>+OFQ+12+.5+>5/:>0+0+3F0>/575.+A5+H5>0129
$51?2+70+:;<>5.:S1+A5+OF5+51+72.+2/>2.+H0+0+/:>:/0>+<2>OF5
5.+C0./01/5+013:0129+n0;D.+406+OF5+A53:>+H:5M2+.:12+01L
3:0129+ (1+ 1:=2+ A5+ ;:+ 370.5+ A:35+ OF5+ .F+ 0CF570+ 5.+ F10
H:5M0+A5+;:5>A09+P2+75+51.5=Q+OF5+51+/2A2+30.2+A5C5+A5L
3:>+013:010+A5+;:5>A09
)/>0+5./03:S1+:;<2>/01/5+5.+70+<>:;0H5>09+&+;:+;0;D
12+75+?F./0+70+<>:;0H5>0+<2>OF5+EF5+51+5.0+5./03:S1+OF5
0<>5451A:5>21+ 0+ ;:+ <0<D9+ &<>51A:5>21+ .:1+ 40345+ 5.
32;2+:>+0+70+5.3F5709+J5>2+321+40345+5.+32;2+:>+0+70+<27:L
3B09+&+;:+<0<D+72+0<>5451A:5>21+321+40345+6+32;2+5>0
<>:;0H5>0+5./0C0+321+F1+<F7SH5>+H5>A59+-1+70+<>:;0H5>0
/0;C:Q1+ <0.01+ 32.0.+ 7:1A0.+ 32;2+ 3F01A2+ ;:+ 0;:?2
&>127A2+;5+<>5./0+57+;212<0/B19+o7+/0;C:Q1+;5+72+<>5.L
/0>B0+51+:1H:5>12+<5>2+b>03:570+12+;5+A5M0+<2>OF5+A:35
OF5+.26+<>2<51.0+6+;5+H26+0+>5.E>:0>9+-1+;:+370.5+12+406
1:1?@1+ 2/>2+ <>2<51.29+ b>03:570+ 5.+ ;:+ ;0;:9+ )/>0+ 32.0
CF51B.:;0+OF5+/:515+70+<>:;0H5>0+.21+70.+E72>5.9
-7+ H5>012+ 5.+ 70+ 30;<5210+ A5+ 70.+ 5./03:215.+ <2>OF5
406+ .27+ 6+ .:1+ 5;C0>?2+ 12+ 406+ 370.5.9+ -1+ 57+ H5>012+ 70.
@1:30.+OF5+/:>:/01+.21+70.+5./>5770.9+-1+57+H5>012+/2A2.+72.
.5>5.+4F;012.+.FA019+-7+.FA2>+5.+F10+32.0+;D.+C:51+4@L
;5A09+ RF01A2+ F10+ .FA0+ 51+ :1H:5>12+ 5.+ OF5+ /:515+ <2>
T[
23
1/6/00, 14:26
5M5;<72+C>21OF:/:.9+-1+57+H5>012+0+;B+;5+.FA0+70+E>51/59
-1+57+H5>012+72.+<>SEF?2.+H01+0+70+<7060+<2>OF5+51+/>0M5
A5+ C0=2+ 10A:5+ 72.+ >53212359+ -1+ 70+ <7060+ 62+ 12+ /51?2
;:5A2+A5+72.+<>SEF?2.+<5>2+.B+A5+72.+<5>>2.+6+A5+70.+270.9
':+ 0;:?0+ $5>5.:/0+ 12+ /51B0+ ;:5A2+ A5+ 70.+ 270.G+ 5>0+ ;F6
H07:51/5+6+F10+H5I+30.:+.5+042?S9+(1+.5=2>+12+/FH2+;D.
>5;5A:2+ OF5+ .07H0>70+ 6+ 042>0+ 5770+ /0;C:Q1+ /:515+ ;:5A2
A5+70.+270.+<5>2+/2A0HB0+12+/:515+;:5A2+A5+72.+<5>>2.9
b>03:570G+ 5.+ A53:>+ ;:+ ;0;:G+ <2>EB0+ 6+ <2>EB0+ OF5+ 406
F10+3F0>/0+5./03:S1+770;0A0+572/2=29+P2+75+A:?2+OF5+<F5L
A5+ .5>+ <5>2+ 1F130+ 70+ 45+ H:./29+ b>03:570+ A:35+ OF5+ 51
572/2=2+406+?>01+0CF1A013:0+A5+42M0.+.530.9+*:5;<>5+5.
CF512+OF5+4060+?>01+0CF1A013:0+A5+07?2+0F1OF5+.50+51
572/2=29+-7+572/2=2+5.+70+;D.+;:./5>:2.0+A5+70.+5./03:215.
<2>OF5+12+4035+1:+E>B2+1:+3072>+6+51/2135.+F12+12+.0C5
OFQ+ >2<0+ <215>.59+ N5C5+ .5>+ <2>+ 5.2+ OF5+ 62+ 1F130+ .Q
3FD1A2+5./26+51+572/2=29+*:+12+4035+E>B2+<:51.2+OF5+5.
H5>012+6+.:+12+4035+3072>+<:51.2+OF5+5.+:1H:5>129+P+>5.F7L
/0+OF5+5>0+572/2=29+P2+/51?2+>2<0+<0>0+:1H:5>12G+H5>012
6+<>:;0H5>0G+<5>2+;5+<0>535+OF5+12+;5+H0+0+.5>H:>+<0>0
572/2=29+N21A5+5./D+;:+<0<D+775?S+MF./2+042>0+572/2=2+6
Q7+ ;5+ 5.3>:C:S+ OF5+ 5./D+ ;F6+ 321/51/2+ <2>OF5+ 70.+ 42M0.
.530.+ <0.01+ 51/>5+ 72.+ C0>>2/5.+ 6+ Q7+ .5+ :;0?:10+ OF5+ .21
30>/:/0.+;B0.9
T`
24
1/6/00, 14:26
"#$%&'(%)*+,\RS;2+01A01+/F.+E01/0.;0.]8
V26+5./FH5+;:>01A2+A5/51:A0;51/5+70.+;01340.+A5+70
<0>5A9+-.+F10+32./F;C>5+OF5+H:515+A5+;:+:1E013:09+J>:L
;5>2+ :;0?:10C0+ >2./>2.G+ 01:;075.G+ 2CM5/2.G+ 0+ <0>/:>+ A5
5.0.+ ;01340.d+ 7F5?2G+ E0C>:30C0+ ;:5A2.+ 6+ 40./0+ <D1:32.
51+>5703:S1+321+5770.9+N5+;2A2+OF5+042>0+5.+CF512+321L
H5>/:>70.+51+32.0.+2+30>0.+6+12+.51/:>+/5;2>9+J5>2+/0;C:Q1
;5+<>2H230+F1+<232+A5+12./07?:0+0OF5770+5A0A+75M010+51
OF5+ 57+ ;DK:;2+ ;:5A2+ 5>0+ <>2H230A2+ <2>+ ;01340.
E01/0.;075.+ OF5+ F12+ ;:.;2+ 3>50C09+ U2.+ ;2/:H2.+ 0AF7L
/2.G+2+OF:ID+70.+5K3F.0.+0AF7/0.+A5+72.+;:5A2.+OF5+H:5151
A5.<FQ.G+ 12+ .21+ E01/0.;075.G+ .:12+ :1.2<2>/0C75;51/5
>5075.9+*:1+5;C0>?2G+0+H535.+75.+0?>5?0;2.+E01/0.;0.+A5
1F5./>0+32.5340G+\12+/5+<0>535]+&+<>2<S.:/2G+\3S;2+01L
A01+/F.+E01/0.;0.]+N075.+<>2/5B10.G+12+.50+OF5+.5+A5C:7:L
/519+#2+5.+CF510+F10+H:A0+.:1+E01/0.;0.G+F10+H:A0+3F60.
<>5.513:0.+ .501+ /2A0.+ A5+ 30>15+ 6+ 4F5.29+ J5>2+ HF57H2+ 0
70.+;01340.9+':+32;<0=5>2+75B0G+;F6+51E>0.30A2+51+.F
J5A>2+JD>0;2G+<5>2+:?F07+72+:1/5>>F;<B+<0>0+<>5?F1/0>75
.:+07?F10+H5I+.5+40CB0+E:M0A2+51+F10+;01340G+<>2C0C75L
;51/5+A5+4F;5A0AG+OF5+5./0C0+35>30+A5+70+<F5>/09+X#2
5.<53:07;51/5G+<5>2+042>0+OF5+;5+72+A53B.G+H52+OF5+5.
3:5>/2G+406+F10+;013409+\J2>+OFQ]Y+JF.2+30>0+A5+0.2;L
C>2G+<5>2+/0;C:Q1+A5+3F>:2.:A0A9+$51Q.+OF5+32;<>51A5>
OF5+3F01A2+.5+5./D+0OFBG+,878(<F5A5+775?0>+0+.5>+:1/5>5L
.01/59+#:+/5+A:?2+72+OF5+.:?1:E:30+OF5+A5+<>21/2+A:./:1?0L
;2.+F1+<DM0>2+51/>5+72.+C0>>2/5.G+2+,32;2+;5+.F35A:S+51
F10+357A0+01/5>:2>8+OF5+F1+>0/213:/2+.5+321H:5>/0+51+F1
:1/5>723F/2>+HD7:A2+<0>0+70+42>0+A57+D1?57F.G+2+70+42>0+A57
A5;21:F.+32;2+?72.0C0+*21:0G+\/5+032>AD.]+^F512G+0+;:
32;<0=5>2+75+A:M5+OF5+75+<>5?F1/0C0+<2>OF5+;5+:1/5>5L
.0C0+.0C5>+.:+Q7+>532123B0+07?F10+E:?F>0+,4F;010G+01:;07
2+.:;<75;51/5+:101:;0A08+51+5.0+;013409+o7+70+;:>S+F1
Te
25
1/6/00, 14:26
>0/2+ E:M0;51/5G+ 6+ 7F5?2+ A:M2W+ X-7+ <5>E:7+ A5+ N5+ b0F7759Y

cFQ+CD>C0>29+&+;B+51+30;C:2+;5+/>0B0+57+>53F5>A2+A5+F1
<0>0?F0.9+*5+72+A:M5+6+.5+5./FH2+>:51A2+32;2+A:5I+;:1FL
/2.9+o./0+5.+2/>0+32.0+CF510+3F01A2+.5+5./D+0OFBW+>5B>.59
#2+ .QG+ .:+ F12+ .5+ >B5+ H5>A0A5>0;51/5+ 321+ ?010.G+ <0>535
32;2+.:+A5+<>21/2+.5+/5+>5032;2A0>01+70.+HB.35>0.G+32;2
.:+A5+<>21/2+4FC:5>0+>0I215.+<0>0+57+2</:;:.;2G+32;2+.:
/2A2+5./2+/FH:5>0+F1+.51/:A29+(12+/51A>B0+OF5+0F/2;5A:L
30>.5+ 70+ >:.0+ 32;2+ F1+ />0/0;:51/2+ A5+ <>2E:70K:.
.:327S?:30G+<5>2+57+<>2C75;0G+32;2+/5+:;0?:10>D.G+5.+OF5
12+0CF1A01+72.+;2/:H2.+A5+>:.09+J2>+5M5;<72W+3F01A2+;5
40?2+30>?2+A57+/:5;<2+OF5+4035+OF5+12+72.+H52W+0+H2.G+0
^50/>:IG+07+Z:5M29+P+.2C>5+/2A2+3F01A2+<:51.2+51+57+/:5;L
<2+ OF5+ 030.2+ />01.3F>>0+ 01/5.+ A5+ OF5+ 72.+ HF57H0+ 0+ H5>9
RF01A2+;:A2+5.5+H072>+A57+/:5;<2G+12+5.+32;2+<0>0+>5B>9
R>52+ OF5+ /0;<232+ <0>0+ 772>0>9+ P2G+ 07+ ;512.G+ 12+ 772>29
J5>2+ 12+ ;5+ 512>?F775I32+ A5+ 5.5+ 5./>5=:;:51/2+ 5;23:2L
1079+*Q+A5+;F340+?51/5+OF5+0OFB+A5+<>21/2+.F57/0+57+/>0L
<2+6+772>0+:1321.270C75;51/5+AF>01/5+;5A:0+42>0G+6+7F5L
?2+ 5;5>?5+ A5+ 5.5+ <2I2+ 51+ ;5M2>5.+ 321A:3:215.+ 6+ 321
;5M2>+D1:;29+R2;2+.:+57+A5.042?2+75.+.:>H:5>0+A5+0MF./59
N5+;015>0+OF5+0+H535.+70;51/2+12+40C5>+0AOF:>:A2+5.5
4DC:/29+ J5>2+ OF:ID+ /51?0+ ;:5A2+ A5+ OF5+ .:+ ;5+ 0E72M2G+ ;:
>5.F7/0A2+<5>.2107+12+.50+57+0MF./5+.:12+57+A5.0MF./59+P+60
/51?2G+A5.A5+.:5;<>5G+.FE:3:51/5.+/2>1:77:/2.+0+;5A:2+0E72L
M0>+32;2+<0>0+0>>:5.?0>;5+0+F1+A5.3070C>2+;062>9+&A5L
;D.G+<0>0+.5>/5+5./>:3/0;51/5+E>0132G+12+5.+OF5+12+772>5
<2>+ ;:5A2+ 0+ 0E72M0>;5G+ .:12+ .513:770;51/5+ <2>OF5+ 12
/51?2+?010.+A5+772>0>G+2+.50G+OF5+12+;5+H:515+57+7701/29
-./2+12+OF:5>5+A53:>+OF5+12+<0A5I30+01?F./:0.G+01.:5A0L
A5.G+6+2/>2.+<0.0/:5;<2.9+*5>B0+012>;07+.:G+51+5./0.+321L
A:3:215.G+12+72.+<0A53:5>09+J5>2+30A0+F12+/:515+.F+5./:729
-7+;B2+5.+/>0/0>+A5+.2C>5<215>;5+0+5.0.+;:1:3>:.:.+<2>+70
HB0+A57+>0I210;:51/29+ U0+;062>B0+A5+70.+H535.+72+72?>2G
<5>2+ 51+ 30;C:2+ 2/>0.+ H535.+ 12+ 406+ >0I210;:51/2+ OF5
H07?09+ N5./>2I01A2+ F1+ <232+ 07+ 37D.:32+ ,\OF:Q1+ 5>0]8+ /5
A:>B0+OF5+0+H535.+406+32>0I210A0.+A5+70+>0IS1+OF5+57+32L
>0IS1+12+51/:51A59+R21/0;5+A5+H2.G+A5+72+OF5+403Q.G+A5
Tf
26
1/6/00, 14:26
72+OF5+<51.D.G+A5+72+OF5+.51/B.9+RS;2+;5+?F./0>B0+40C5>
30;:10A2+ 07?F10+ H5I+ <2>+ 70.+ 30775.+ OF5+ 042>0+ >532>>Q.G
<0>0+ OF5+ /FH:Q>0;2.+ 07?2+ 51+ 32;@1+ 077B+ /0;C:Q19+ -.+ 57
:1321H51:51/5+A5+40C5>+H:0M0A2+<2329+Z2.+;:.;0G+A5+12
40C5>.5+A0A2+5./0+:15.<5>0A0+.F;0+A5+3:>3F1./013:0.G+5.
<2.:C75+OF5+1F130+4FC:5>0.+H:0M0A2+0+5.0+3:FA0AG+0+5.5
<0B.9+ cF:IDG+ .:+ /2A2+ 4FC:5>0+ .5?F:A2+ 57+ 3F>.2+ 12>;07
,\12>;07]8+A5+1F5./>0.+H:A0.G+A5+1F5./>2+;0/>:;21:2G+A5
1F5./>2.+ <>2653/2.+ A5+ 4035+ .S72+ .:5/5+ 0=2.G+ 40C>B0;2.
07?@1+AB0+>5F1:A2+72+.FE:3:51/5+32;2+<0>0+4035>+F1+H:0M5
;062>+ ,12+ A:?2+ 72.+ H:0M53:/2.+ ;512>5.+ 0+ ^F512.+ &:>5.G
&.F13:S1+2+*01/:0?2G+\>5;5;C5>]8G+<5>2+.5?F>0;51/5+57
A5./:12+40C>B0+.:A2+-F>2<09+J0>B.G+'0A>:AG+%2;0G+OF:ID
U21A>5.9+cFQ+75M012+<0>535+/2A29+-./5+/5>>5;2/2+12.+/>0L
M2+0+/:5>>0G+0+5./0+/:5>>09+P+042>0G+60+H5.G+.:+/51Q.+OF5+.07:>
72+403Q.+0+2/>2+<0B.+A5+&;Q>:309+P+5.+7S?:329+-+:137F.2+72.
OF5+426G+<2>+A:./:1/0.+>0I215.G+5./D1+51+-./2327;2+2+J0L
>B.+2+^>5.3:0+2+&;./5>A0;+2+^0>357210G+OF5>>B01+.5?F>0L
;51/5+ 5./0>+ 51+ 07?F10+ 3:FA0A+ A5+ 70.+ 1F5./>0.9+ N5.<FQ.
A5+ /2A2G+ 62+ /0;C:Q1+ OF5AQ+ EF5>0+ A57+ <0B.9+ P2+ /0;C:Q1
0=2>2+72+OF5+H2.+0=2>D.9+-7+5K:7:2+,:1/5>:2>G+5K/5>:2>8+.5>D
F10+ <070C>0+ 370H5+ A5+ 5./5+ A5351:29+ *0CQ.G+ 5.+ <>2C0C75
OF5+07?F:51+/0345+5./0+E>0.59+J5>2+OF:51+72+40?0+A5C5>B0
<51.0>+OF5+030.2+Q7+/0;C:Q1+.50G+A5+07?F10+5K/>0=0+;0L
15>0G+F1+5K:7:0A2+A57+<0B.+>5079+*:+70+E>0.5+.2C>5H:H:SG+/5
40C>D.+A0A2+3F51/0+A5+3FD1+32;<>51.:H2+5./269+P2+;:.L
;2+;5+0.2;C>29+-.+70+H:A0G+;F340340G+5.+70+H:A09+*:+12
.2C>5H:H:SG+12+/5+<>523F<5.9+#2+5>0+:;<2>/01/59+N0/5+C5L
.2.+6+C5.2.G+A5+;:+<0>/59
Tg
27
1/6/00, 14:26
-U+)$%)+,$5./:?2+.27:/28
JF/0+OFQ+2M5>0.G+A:M2+6+.5+A:M2+%2701A2+&.F5>2+01/5+57
5.<5M2+ 6+ .F+ 45>>F;C59+ '5+ 70.+ ;5>5I32+ <2>+ /01/2+ />0?2G
0?>5?SG+/>0/01A2+A5+OF5+72.+2M2.+.5+75+<F.:5>01+512>;5.
<5>2+ .S72+ 321.:?F:51A2+ F10+ 5K<>5.:S1+ OF5+ A5E:1:/:H0L
;51/5+75+<0>53:S+A5+2>0/59+)>0/F1?D1G+<>21F13:S+751/0L
;51/5+6+/FH2+OF5+.21>5B>.5+0+<5.0>+A5+70+?2;09+&.B+770L
;0C0++/(+""8+,359863(*:7H:2+0+72.+;:7:32.G+3F01A2+.5+>5FL
1B01+51+57+>0134:/2+A57+^07150>:2+*27B.G+F1+<232+01/5.+A5
OF5+ 57+ EF/F>2+ .5+ <F.:5>0+ A53:A:A0;51/5+ ;07.0129+ #:+ .:L
OF:5>0+.21+?2>:70.G+A:0?12./:30C09+&<51:/0.+2>01?F/015.G
6+0A5;D.+2>0/5.9+%5.F;:51A2W+2>0/F1?015.9
*5+40CB01+MF1/0A2+72.+3F0/>2W+*:7H:2G+'01272G+*01/:0?2
6+Q7G+51+70+@7/:;0+H0303:S1+A5+OF5+A:.E>F/0>219+$0;C:Q1
5./0C01+ 70.+ ;FM5>5.G+ 70.+ 5.<2.0.+ C049+ -1+ >507:A0A+ />5.W
'0>B0+A57+R0>;51G+70+$:/0+6+b>03:570G+<2>OF5+Q7G+%2701A2
&.F5>2G+.:5;<>5+EF5+F1+.27/5>2+<>2E5.:2107+6+1F130+OF:.2
51/>5H5>0>+.F.+<>2?>0;:/0.+230.:21075.+321+72.+A5;0.:0L
A2+5./0C75.+0;2>5.+A5+.F.+0;:?2.9+J5>2+70.+;FM5>5.+.:5;L
<>5+ /51B01+ 34:.;5.+ 6+ ;2A0.+ 6+ 42>S.32<2.+ 6+ >535/0.+ A5
323:10G+07+;512.+51+0OF5770+Q<230G+6+/07+H5I+<2>+5.2+5772.
30.:+.:5;<>5+403B01+>01342+0<0>/5+<0>0+0>>5?70>+57+;F1L
A29+P+30.:+72+0>>5?70C019+*:7H:2G+<2>+5M5;<72G+5>0+CF51B.:L
;2G+<5>2+:1?51F2/59+#F130+.5>B0+30<0I+A5+5;<F=0>+F1
CFE2.2G+0.5?F>0C0G+6+.:1+5;C0>?2+A5.<FQ.+72+5;<F=SG+6
/0;C:Q1+72+5;<F=0>21+321/>0+Q7+6+<2>+5.2+5./D+042>0+51
57+^F352G+<0>0+;D.+A0/2.+51+57+<01/5S1+<>2<:5A0A+A5+.F.
.F5?>2.G+OF5+.:?F51+/51:51A2+?F:/0+0F1OF5+5./Q1+/>:./5.9
P+ 70+ ?2>A:/0+ '0>B0+ A57+ R0>;51G+ 51+ ^0>357210G+ 321+ A2.
C2/:M0.G+ H51A:51A2+ 30340>>:/2.+ 51+ 70.+ %0;C70.+ 2+ A21A5
042>0+72.+40601+0>>:13210A29+'01272+5>0+3DF./:32G+:13:L
.:H2+6+;2>A0IG+/>5.+<070C>0.+321/:?F0.+OF5+51+Q7+12+5>01
<>53:.0;51/5+.:1S1:;2.9+'D.+C:51+/>:1345>0.+A5+.F+/:;:L
Ti
28
1/6/00, 14:26
A5I9+U0+<>F5C0+5>0+OF5+321+5772.+1F130+.5+5K35AB0G+.:5;L
<>5+030C0C0+.:51A2+.F0H5+6+32;<>51.:H29+]&/?+:("3/;&3
?( $"9$6;$,$4( e( ?( &/$( 5+6$7$( 4+/( D+/9+ R21+ 5K35<3:S1+ A57
EF16:G+0OF57+/01?2+<2AB0+.5>+.F+5./0;<09+*01/:0?2+5>0+57
/>0?0G+ <2>+ .F<F5./2G+ <5>2+ .2C>5+ /2A2+ 5>0+ CF510+ ?51/59
*0CB0+A5+C2/D1:30+6+;0>K:.;2+6+E:70/57:0+6+<25.B0+A5+H01L
?F0>A:0+6+0A5;D.+5>0+F1+E:345>2+H:H2+A5+4:./2>:0+A57+E@/L
C279+P+12+.S72+57+?27+A5+J:51A:C51:+07+A:H:12+m0;2>0G+2+57
p/F60+VQ3/2>q+A5+70+?5./0+27B;<:309+-.2+60+5>0+<0>/5+A57
E27r72>59+ *01/:0?2+ /51B0+ 0A5;D.+ 51+ 70+ >5<75/0+ ;5;2>:0
/2A2+ 57+ >Q32>AG+ <0>/:A2+ 0+ <0>/:A2G+ A5+ 70+ <0>5M0+ #0I0..:s
N2;:1?2.+,5>0+C27.:77FA2+40./0+72.+30>03F.5.8+2+57+@7/:;2
/0<210I2+A5+J5>F342+J5/>215G+60+51+70+Q<230+51+OF5+A5
30A0+ A:5I+ /:>2.+ 07+ 0>32G+ 2342+ :C01+ A:>53/2+ 07+ 0IF7+ E:>;0L
;51/2+ <5>2+ 72.+ 2/>2.+ A2.+ .5>HB01+ ;:70?>2.0;51/5+ <0>0
0F;51/0>+57+4-863Z(6+/0;C:Q1G+0+E:1+A5+OF5+H:5>01+OF5+12
5>0+.53/0>:2G+321/0C0+3S;2+57+E7032+*34:0EE:12+5>0+F1+?5L
1:2+0F1+.:1+70+?72C0G+OF5+5.2+5.+72+;D.+A:EB3:7+51+57+>FC>2
32135>/03:S1G+6+57+>5.<5/2+OF5+.:5;<>5+75+40CB0+:1.<:>0A2
3:5>/2+032130?F0+770;0A2+)CAF7:2G+OF5+.5+403B0+2C5A5L
35>G+ 6+ 5./2+ 12+ 5>0+ H5>AF>:/0G+ 40./0+ <2>+ 57+ ;212+ b0;L
C5//09
P+ 042>0+ <F/0+ OFQ+ 2M5>0.G+ A:35+ 6+ .5+ A:35+ %2701A2
&.F5>2+01/5+57+5.<5M2+A5+/>5.+45>>F;C>5.G+53()+-3($("$4
93/$4:(*3*'(5+4($K840(U0+H5>A0A+5.+OF5+.5+4:I2+0+70.+<5L
10.G+<5>2+C5C:S+2/>0+32.09+V5+0OFB+57+0>3012G+<:51.0+51
A:EB3:79+ \J2>+ OFQ+ A5+ H5I+ 51+ 3F01A2G+ A:?0;2.+ F10+ H5I+ 07
;5.G+.5+0?0>>0+F10+/>0130+A5+S>A0?2+6G+51+30;C:2G+51/>5
<0<07:10+6+<0<07:10+.5+;01/:515+.2C>:2+6+30.:+0C./5;:2]
R0.:G+<2>OF5+A5+H5I+51+3F01A2+F1+370>5/5+,2+684A:(32;2
.F5751+ A53:>+ OF:515.+ <0A5351+ F10+ <515/>03:S1+ 3F7/F>07
30>/5.:0108G+CF512G+F1+370>5/5+5.+30.:+F1+3S3/57+A5+0757FL
60+ 321G+ /5./2./5>2109+ *5>D+ OF5+ 70+ .0FA0A5+ A5<51A5+ A5
70.+7F10.G+07?2+0.B+32;2+70+>5?70+A5+70.+;:10.9+^F512G+12
.S72+A5+70.+;:10.G+/0;C:Q1+A5+70.+2135+;:7+HB>?515.+6+A5
;0A>5+ 406+ F10+ .270G+ OFQ+ A5.<>2<2>3:S1G+ \12]+ N5.<FQ.
A5+/2A2G+;D.+H075+.5>+C2>>0342+32123:A2+OF5+07324S7:32
01S1:;29+\cF:Q1+40C>D+<0>:A2+5.0+.0<:513:0]+U0+H5>A0A
Tj
29
1/6/00, 14:26
5.+OF5+72.+07324S7:32.+01S1:;2.+.:5;<>5+75+A:5>21+51+70.
<572/0.9+(12+.5+513F>A0+2+12+.5+513F>A0G+A5+03F5>A2+0
.F+ <>2<:0+ 5K:?513:0+ 2+ ;FE0+ 2+ 1535.:A0A+ 2+ ;2>>:=0+ 2
A5.<:<2>>5+6+12+A5+03F5>A2+0+70+>:?:A5I+A5+72.+:1;03F70L
A2.+2+0+70+32033:S1+A57+<F>:/010M59+U:1A0+C01010+57+<F>:L
/010M5G+ <:51.0+ %2701A2+ &.F5>2+ 403:Q1A2.5+ F10+ ;2>:.L
OF5/09+P+.5+A5/:515+321+E>F:3:S1+51+57+C2/S1+A5+;F5./>0
07+12>/5+A57+>B2+^>0H29+U:1A0+C010109+R0;<0=0+;2>07:.L
/0+ 321/>0+ 57+ ;0>/:1:+ 2+ 57+ *8&6*8/( A5+ 30A0+ 3>5<@.3F72G
<5>2+51+<>2+A57+10<07;+A5+30A0+0F>2>09
&4+.:+<FA:5>0+5340>75+07+:;<5>:07:.;2+70+3F7<0+A5+5./0.
2M5>0.9+J5>2+129+X34,+;8(48"+,8("$("&=(73"(-$/7+"0(#2+1535.:L
/0+ /5>0<:0+ 32753/:H0+ 1:+ :1A:H:AF079+ n2A:A2+ 57+ 5K:7:2G+ \12]
"137F.2+ 57+ <2C>5+ 0107:./0+ 70.+ <0.S+ ;079+ &77D+ .5+ 15?S+ 0
<>2<2>3:210>+ 70.+ E:340.+ A5+ .F.+ <03:51/5.+ .FCH5>.:H2.+ 6
;512.+ 0@1+ 70.+ A5+ 72.+ .FCH5>.:H2.+ :;<03:51/5.9+ P+ 370>2G
70.+<0.S+;079+U0+3010+/:515+.F+<>2<:0+/5>0<:0G+12+0A;:/5
32;<5/:A2>5.9+ X34,+;8( 48"+,89+ *:7H:2+ ;F5>/2G+ '01272+ 51
b2/5;CF>?2G+*01/:0?2+51+57+J51079+P+'0>B0+A57+R0>;51G
H:FA0+A5+>5<>5.:S1G+H51A:51A2+30340>>:/2.9+P+70+$:/0G+.5L
<0>0A0+A5+'01272G+MF1/0A0+042>0+321+F1+?F>B+;F6+.5>:2
,H26+0+X032;<0=5>0>;5Y+321+57+*0>A:10+-./QH5IG+75+40L
CB0+5.3>:/2+403B0+F1+0=28G+10A0+;512.+OF5+51+U:.C209+P
b>03:570+ 0OFBG+ A5.0MF./0A0+ 6+ 7:1A0G+ 321+ 70+ ^50/>:3:/0+ A5
*01/:0?2+ 6+ 70CF>01A2+ A5+ .53>5/0>:09+ \P+ Q7]+ JF/0+ OFQ
2M5>0.9
U0+?51/5+A5+5./5+C51A:/2+6+;07A:/2+<0B.+5.+>507;51/5
<:2709+&+Q7G+0+OFQ+15?0>72G+75+?F./01+5./2.+.21>:51/5.G+.2L
C>5+/2A2+5770.9+J5>2+406+AB0.+6+12345.+51+OF5+12+75+?F.L
/01+/01/29+*21+72.+AB0.+6+12345.+51+OF5+5340+A5+;512.+57
.2C>51/51A:A29+NB0.+6+12345.+51+OF5+/:515+OF5+5K<7:30>72
/2A2+6+5.3F340>72+/2A29+(10+A5+70.+;SA:30.+H51/0M0.+A5
4035>+57+0;2>+321+F10+32;<0/>:2/0+5.+OF5+.:+51+F1+:1.L
/01/5+ A5/5>;:10A2+ ,5.0+ 42>0+ 35>2+ OF5+ .:5;<>5+ .F510
A5.<FQ.+A5+70.+F>?513:0.G+57+51/F.:0.;2+6+57+H0:HQ18+F12
12+5./D+<0>0+;F340.+723F03:A0A5.G+<F5A5+<>21F13:0>+2
5.3F340>+F1+703S1:32+;212.B70C2+6+5.0+<070C>:/0+.5+77510
A5+.2C>551/51A:A2.G+A5+.:?1:E:30A2.+:;<7B3:/2.G+A5+:;D?5L
[k
30
1/6/00, 14:26
15.+51+32;@1G+A5+<>5/Q>:/2.+32;<0>/:A2.G+H060+F12+0+.0L
C5>9+#2+406+10A0+OF5+5K<7:30>+1:+OF5+75+5K<7:OF519+#2+5.
1535.0>:2+772>0>+70+;:721?09+U0.+;012.+<F5A51+01A0>+.2L
70.G+ .:1+ <070C>0.G+ 70.+ ;012.+ <F5A51+ .5>+ 5723F51/B.:;0.9
U2.+;212.B70C2.+/0;C:Q1+<5>2+.S72+3F01A2+>5;27301+.F
321H26+ A5+ .2C>51/51A:A2.9+ V06+ OF5+ H5>+ /2A2.+ 72.+ :A:2L
;0.+ OF5+ 30C51+ 51+ F1+ .272+ :A:2;0G+ A:35+ 6+ .5+ A:35
%2701A2+&.F5>2G+51E>51/0A2+0+.F+<>2<:0+:;0?51G+6+0?>5L
?0G+>5<5/:/:H2+6+.2;C>B2W+<F/0+OFQ+2M5>0.9
[!
31
1/6/00, 14:26
-l"U")*+,"1H:/03:S1+32>A:078
`#4(8(53/84($("$4(f(9050(73"(<+36/34(gg(73($;84,8(73
GHIJ:(34,$*$("3?3/78:(4+/(/+/;&/$(9638-&9$-+./($("$(<+41
,$:(3/(3"($9$6,$53/,8(%&3($"%&+"$*$(3/("$(-$""3(2)3"":(73
`+6$D"8634:(F+5$:(-&$/78($*$B8($";&+3/(,8-.(3"(,+5*63(?
963;&/,.(986(3"(43K86(`$6+8(R6"$/78(L3/373,,+0(C48(?$
53(8"+.(5$":(9&34(3"(43;&/78(/85*63(4."8(D+;&6$(3/(5+
78-&53/,$-+./(?(/$7+3(3/,63(5+4($5+;84(53(""$5$($4'0
L$BA:(?(&/(,+98(73(-+<+"(53(584,6.(4&(-$6/3,(73("$(@h@:
?(7+B8(%&3(%&36'$()$-3653($";&/$4(963;&/,$4(48*63(5+4
9$93"340(2&*+584(?(3/,8/-34(53(7+B8(%&3("34()$*'$(""3;$1
78( "$( 73/&/-+$( 73( %&3( 5+( <+4$( 34,$*$( <3/-+7$0( X6$B3( 3"
9$4$986,3(?("3(584,6A(%&3()$*'$(4+78(63/8<$7$(3/(,+351
980([U3(,8784(58784(<$($(,3/36(%&3($-859$K$653:(9861
%&3(3"(B3D3(%&+363()$*"$6(-8/(&4,370\([C/(537+$()86$(341
,$6#(73(<&3",$\:($;63;.0(E($/,3(34$(+596&73/,3($43<36$1
-+./( ,&<3( "$( -$4+( 43;&6+7$7( 73( %&3( +*$( $( 436( 73986,$780
C43( "3/;&$B3( -6'9,+-8( "8( &4$/( ,87$4( "$4( 639634+8/34( 73"
5&/780
U&6$/,3(3"(-86,8(<+$B3($("$(>3/,6$"(73(@8"+-'$:(D&3(-6+,+1
-$/78( $"( ;8*+36/8:( ,3/7+A/7853:( -8/( ,8693=$( 7+;/$( 73
9386( -$&4$:( +/;3/&$4( -3"$7$4( 9$6$( %&3( ?8( 5867+36$( 3"
$/=&3"8(?(,$5*+A/(-6+,+-$6$($("$(P3<8"&-+./(936&$/$0(`+4
3"8;+84(D&368/(-$&,84:(9368(-8/-63,840
i/$( <3=( 3/( "$( >3/,6$"( 53( )+-+368/( 34936$6( 537+$
)86$:(?("&3;8(53(63-+*+.(&/(+/493-,860(`3(<8"<+.($(73-+6
"8(73"(78-&53/,8(-8/(<+4$(<3/-+7$:(?(8,6$(<3=(584,6A(3"
9$4$986,30(C/,8/-34(53(7+B8(%&3(?8(34,$*$(-8*6$/78()$1
*3634:($";8(%&3(34,#(968)+*+78(-&$/78([43(,+3/3(<+4$(,&1
6'4,+-$\0(F3(7+B3(%&3(5+(-$48(,3/'$(-+36,$(93-&"+$6+7$7:(?$
%&3:( -8/( 9"3/$( $&,86+=$-+./( 73( "84( 5+/+4,36+84( 73( P3"$1
-+8/34( CS,36+8634( ?( 73( X6$*$B8:( 3"( 7+$6+8( -K<>5.2+ )$*'$
D+65$78(-8/,6$,8(986(5+4("$*8634(936+87'4,+-$4(?(%&3(7+1
[T
32
1/6/00, 14:26
-)8(-8/,6$,8(34,$*$($-,&$"53/,3(3/(3"(`+/+4,36+8(73(X6$1
*$B8:(?(%&3(73(343(,6#5+,3(,3/'$/(-8/8-+5+3/,8(3/(3"(`+1
/+4,36+8(73(P3"$-+8/34:($"(5#4($",8(/+<3"0(C"(43K86(%&37.
&/(98-8(734-8/-36,$78( -8/( 3"( $",8( /+<3":( 9368(3/,8/-34
8,68( D&/-+8/$6+8:( 43;&6$53/,3( 73( 4&936+86( B36$6%&'$:( "3
7+B8(73473(8,6$(534$(?(3/(<8=($",$T([jN8("3(9"$/,334(5#4
8*B3-+8/34k( _"( 4+35963( ,3( "$4( <$( $( 734,6&+6( -8/( 6$=8/34
<$"3736$40(X+3/34(%&3(+6($"(;6$/80\(E(7+6+;+A/7843($(5'T
[jC"(;8*+36/8(936&$/8(%&+363(%&3(43(<$?$k\(`+(963;&/,$
".;+-$T[a23(9&373(4$*36(986(%&Ab\([jN8k(X$598-8(/8481
,684(4$*3584("$(6$=./0(C"(5+/+4,68(/84(5$/7$("$(8673/(?
/848,684( -&59"+5840\( [ad&A( ,+3598( ,3/;8b\( [2+( D&36$
984+*"3:(7+3=(5+/&,840(>858(/8(<$($(436(984+*"3:(986%&3
/8()$?(537+8(73(%&3(43(<$?$(,$/(968/,8:("3(7+6A(%&3(43
+6#( 3/( "$( 96+536$( 8986,&/+7$7( 3/( %&3( 3""8( 43$( 984+*"3T
&/$:(784()86$40\([a@&378(3"3;+6($(7./73(<8?b\([a!(7./1
73(%&+4+36$(+6b(X3/;$(3/(-&3/,$(%&3(/848,684(/8("3(<$584
$(9$;$6(3"(9$4$B30\([>858(3/(!6;3/,+/$()3(4+78($53/$1
=$78(73(5&36,3(986("$4(!!!:(?(-858(3/(>&*$(,6$*$BA(3/
8,6$(A98-$(7&6$/,3(784($K84(?(537+8(?(,3/;8($""'(984+*+"+1
7$7(73(,6$*$B8:(%&+368(4$*36(4+(43(53(9365+,3(+6($(>&*$0\
[N80(Y8?(/8()$?($<+./($(>&*$:(?(&4,37(,+3/3(%&3(+643("8
$/,34(984+*"30\([L&3/8:(3/,8/-34(7';$53(-&#"34(48/(5+4
89-+8/34(63$"340\([28/(A4,$4T(8("8(73B$584(986(<'$(,366341
,63(3/("$(D68/,36$(3-&$,86+$/$:(8(&,+"+=$(4&(9$4$B3($A638(73
<&3",$+$(L&3/84(!+6340\
@3/4A(6#9+7$53/,3:(?(/8(53(437&B8("$(+73$(73(%&3(&/
-$5+./(5+"+,$6(53(73B$6$:(3/("$(5$76&;$7$:(3/("$(D68/,31
6$( 73( &/( 9$'4( %&3( 3/,8/-34( /8( -8/8-'$:( 73( 5878( %&3
7+B3T( [L&3/84( !+6340( C/( C-&$786( /8( )3( 34,$78( /&/-$0\
X&<3(%&3(D+65$6(&/$(73-"$6$-+./(3/("$(%&3(53(963;&/,$1
*$/(-.58(-8*6$*$(5+4(;$B34(3/(-K<>5.29+U+B3(%&3(3/("$
>$B$:(?($""'(<8"<'($(73B$6(-8/4,$/-+$(73"(-8/,6$,8:(73"(,6#1
5+,3(3/(3"(`+/+4,36+8(73(X6$*$B8:(3,-0
M8"<+584( $"( $9$6,$53/,80( !"( 96+/-+9+8( 53( 7+368/( &/
-&$6,8( 73( )86$:( 7349&A4( &/$( )86$:( ?( $( 537+7$( %&3( )$1
-'$/(""$5$7$4(,3"3D./+-$4(?(/8(-8/43;&'$/(4+,+8(3/(/+/;Q/
<&3"8($(L&3/84(!+634:(D&+(,3/+3/78(5#4(,+3598:(9368(4."8
[[
33
1/6/00, 14:26
53(9365+,+368/(""3<$6(&/$(<$"+B$:($4'(%&3(,&<3(%&3(73B$6
5&-)$4(-84$40
C"(+/493-,86(53(7+B8(3/,8/-34(V$(34$($",&6$(?$(53(,6$1
,$*$/(-8/(53B8634(58784W(%&3(5+(-$48(/8(36$(73(3S9&"1
4+./(/+(73(73986,$-+./(?(%&3(986("8(,$/,8(/8(43(53(98/1
76'$(3/(3"(9$4$986,3(3"(43""8(A5<2>/0A29+@$6$("$(73986,$1
-+./(l53(3S9"+-.l(43(/3-34+,$*$(&/(73-63,8(4&96358:
%&3(/8()$*'$(,3/+78("&;$6(3/(34,3(-$480( @86(348(36$(,$/
4."8([&/$(-867+$"(+/<+,$-+./($(%&3(53(D&36$(73(+/537+$1
,8\0(F3(963;&/,A(%&A(987'$(9$4$6(4+(/8($-39,$*$("$(+/<+,$1
-+./0([!):(3/,8/-34(+;&$"(43(,3/76'$(%&3(+60\(F3(7+B3(%&3
3/(5+(9$'4(73-+584:($/,3(&/(-$48($4'T([`3(-$;8(3/("$(7+1
D363/-+$0\
@37'(%&3(53(73B$6$/(,3"3D8/3$6($($";&+3/(73(F+5$0(N8
53( "8( 9365+,+368/0( C4,$*$( +/-85&/+-$780( C/( -$5*+8:
-8/4+/,+368/(%&3()+-+36$(""$5$7$4(73("$6;$(7+4,$/-+$0(@86
"8( ,$/,8:( ,3"3D8/3A( $( 5+( )365$/8( 3/( `8/,3<+738:( 9$6$
%&3("3($<+4$6$($(5+(5&B36(%&3(D&36$($(3/-8/,6$643(-8/5+1
;8(3/(L&3/84(!+6340(X$5*+A/(,6$,A(73(""$5$6($(784(8(,634
93648/$4(3/(L&3/84(!+634:(9368(/8(-8/43;&'(-85&/+-$1
-+./0( `+( 9638-&9$-+./( 36$( "8;6$6( %&3( 53( 34936$6$( $"1
;&+3/(3/(C=3+=$0(F34(937'(%&3(986("8(53/84(53(73B$6$/
)$*"$6(-8/("$(7&3K$(73"($9$6,$53/,80(`3(7+B368/(%&3(981
7'$(""$5$6"$(4+35963(%&3("3(+/D865$6$(%&3:(73(4Q*+,8:()$1
*'$(73-+7+78(+653(73"(@36Q(?(%&3(3/(-8/43-&3/-+$("3(731
B$*$(3"($9$6,$53/,80(F34(7+B3(%&3(&/$(""$5$7$($4'(?8(/8
"$( )$-'$:( ?$( %&3( 34$( 93648/$( )$*'$( ,3/+78( -8/5+;8( &/
,6$,8(5&?(-8663-,80(F34(4&;36'(%&3("$(""$5$6$/(3""840(U+B31
68/(%&3(/80
!"(-$*8(73(&/84(5+/&,84(3"(+/493-,86(53(963;&/,.(%&A
-8/7+-+./(98/'$(?8(9$6$()$*"$6"3($("$(7&3K$0(U+B3(%&3("3
)$*"$6'$(4+(987'$(73-+6"3(%&3(53(34,$*$/(3-)$/780(!-391
,.(986(D+/0(!4'(%&3(,3"3D8/3A($("$(43K86$($("$4(,634(73("$
5$76&;$7$0(F$(98*63(-$4+(43(7345$?$0([jY$?:(43K86:(%&3
"3( )$;$/( 348( $( &/( -$*$""368( -858( &4,37k\( F3( 3S9"+%&A
%&3("3(73B$6'$(&/(+/<3/,$6+8(73("$4(-84$4(%&3(%&37$*$/
3/(3"($9$6,$53/,8(?(36$/(5'$4:(?(%&3(5#4(,$673("3()$6'$
""3;$6($";&/$(+/7+-$-+./(48*63(3"(734,+/8(73("$4(5+45$40
[`
34
1/6/00, 14:26
F84( ,+984( $( 34$( $",&6$( ?$( 34,$*$/( ,$/( 4&$<34( %&3( 53

9+7+368/(&/(<2./5>+%&3(?8(,3/'$(3/("$(9$637(-8/(&/$(73
5+4( -$/-+8/34:( ?( 8,68( 53( 9+7+.( %&3( "3( 63;$"$6$( &/8( 73
5+4( "+*6840( [aN8( -633( %&3( "8( 9&37$( -8596853,36b\:( "3
963;&/,A0([C49363584(%&3(/8\:(7+B8(4+/(735$4+$7$(43;&1
6+7$70
>858($(34$($",&6$(73("$(/8-)3()$-'$(*$4,$/,3(D6'8:(784
73("84()85*634(V36$/(-&$,68(3/(,8,$"W("3(9+7+368/(9365+48
$"(B3D3(9$6$(+6($(*&4-$6(43/7$4(-)859$40(_"($--37+.0(231
;&'($663;"$/78(5+(5$"3,$(*$B8("$(5+6$7$(<+;+"$/,3(73(5+4
-&4,87+$40(U3(968/,8(/8,A(%&3($5*84(43()$*'$/(7865+780
P8/-$*$/( ,$/( $9$-+*"353/,3( %&3( 53( %&+,A( "84( =$9$,84
9$6$( %&3( 5+4( 9$484( 48*63( "$( ;2OF5//5+ /8( ,&6*$6$/( 4&
4&3K80(X&<3(&/$()86$(?(537+$(9$6$($663;"$6(5&-)8(531
B86("$(5$"3,$:(?(3"(7&-,8(73"(+/-+/36$786(73(*$4&6$(,&<8
*$4,$/,3(,6$*$B80
!"(-$*8(73(34$()86$(?(537+$:(53(9&43(/&3<$53/,3("84
=$9$,84( ?( 4$-&7'( 7+4-63,$53/,3( $"( +/493-,86T( [@3678/3
%&3( "8( 7349+36,3:( 9368( 4+( 48?( ,$/( 4&*<364+<8( -858( 9$6$
%&3(53(3-)3/(73"(9$'4:(986(D$<86(/8(43(7&365$/(?(<+;'1
"3/53\0( C"( +/493-,86( 53( 3S9"+-.( %&3( "8( %&3( 9$4$*$( 36$
%&3(34,$*$/(,6$*$B$/78(73473(,3596$/8(?(34,$*$/(5&?
-$/4$7840(U+B3(%&3(-85963/7'$:(9368(%&3(?8(/8(,3/'$("$
-&"9$0
!( "$4( -&$,68( ?( 537+$( 4$"+584( "84( -+/-8( V"84( 8,684( 784
)$*'$/(63;634$78(-8/(4&4(-)859$4W(3/(&/($&,8(;6$/73(?
/3;680(@$4$584(986("8(73("$(7&3K$0(F3(7+368/("$4(""$<34(?
3"(+/<3/,$6+80(C43(<+$B3(D&3(5+(Q/+-8(58,+<8(63$"(73(96381
-&9$-+./:(?$(%&3(53(""3<$68/(986(&/$(6&,$(%&3(/8(36$("$
)$*+,&$"0(X8,$"53/,3(84-&6$:(3/,63(*$"7'84:(4."8(+"&5+/$1
7$( 986( "84( D8-84( 73"( $&,80( U3586$584( 5&-)8( 5#4( %&3
3/(&/(<+$B3(-866+3/,30(>&$/78(7+4,+/;&'($("8("3B84("$(,8663
73"( $3689&36,8:( -8/D+348( %&3( 6349+6A( &/( 98-8( 53B860( E$
3/(3"($3689&36,8:(4."8(9&73(4$"+6(3/(3"(<&3"8(73("$4(H($050
73"(4#*$780(!D86,&/$7$53/,3(36$(73(!368936Q0(]6$-$4$1
68/(3/(-8/43;&+653(4+,+8(3/(&/8(73("$4(8-)8:(%&3(36$(73
F!N0
C/( /+/;Q/( 5853/,8( 53( 7+368/( /$7$( 73( *3*36( 8( -81
[e
35
1/6/00, 14:26
5360( C4,&<3( <3+/,+-&$,68( )86$4( 4+/( 968*$6( *8-$780( >638

%&3(3""8(43(73*+.(43/-+""$53/,3($(%&3(/8(,3/'$/(9"$,$:(?$
%&3(,$598-8(3""84(-85+368/(/$7$0(>&$/78(3"(+/493-,86
53( 3/,63;.( "84( 78-&53/,84( B&/,8( $( "$( 34-$"36+""$( 73"
$<+./:( 7+B8T( [i4,37( 43( <$( 43;&6$53/,3( 6343/,+78( -8/( 3"
;8*+36/8:( 9368( /8( ,3/;$( 6343/,+5+3/,8( -8/( "84( 936&$1
/840\(E(53(34,63-).("$(5$/80
[f
36
1/6/00, 14:26
V-%"N)*+P+R)#$(*)*+,(12+2+A2.+<0:.0M5.8
b>03:570+ 51/>S+ 51+ 57+ A2>;:/2>:2G+ .5+ OF:/S+ 57+ 0C>:?2+ 7:L
H:012G+.5+;:>S+51+57+5.<5M2+A57+/230A2>G+6+E>F13:S+57+35=29
UF5?2+.5+OF:/S+70+C7F.0+6+70+<2775>0G+6+.5+/:>S+51+70+30;09
N2C7S+F10+<:5>10+6+7F5?2+70+5./:>S+/2A2+72+OF5+<FA29+-1L
/2135.+0AH:>/:S+F1+<F1/2+32>>:A2+51+70+;5A:09+*5+.51/SG
.5+OF:/S+70.+;5A:0.+6+70.+EF5+>5H:.01A2+0+H5>+.:+40CB0+2/>0
32>>:A09+N5.<FQ.+4:I2+F1+;21/213:/2+321+57+<0>+6+72+<F.2
.2C>5+F10+.:7709+*5+;:>S+A5+1F5H2+51+57+5.<5M2+6+.5+0<>5/S
70.+.:515.+321+72.+A5A2.9
J2>+ 70+ H51/010+ 51/>0C0+ /2A0HB0+ 70+ 7FI+ <51@7/:;0+ A5
F10+/0>A5+OF5+40CB0+.:A2+E>5.30+6+H51/2.09+&<0>/S+F12+A5
72.+H:.:772.+6+;:>S+403:0+0EF5>09+h>51/5+07+5A:E:3:2+^+MF?0L
C01+.5:.+2+.:5/5+1:=2.9+%532123:S+0+^50/>:IG+A5.<5:10A0+6
0?:/0A0G+<5>2+51+<7512+A:.E>F/59+b>03:570+.21>:S+.:1+;FL
340+321H:33:S1G+6+.5+<0.S+70+;012+<2>+57+<5729
*21S+57+/57QE212+MF1/2+0+70+30;09+->0+%2701A29+-770+.5
032./S+A5+1F5H2+<0>0+40C70>+321+;D.+32;2A:A0A9
acFQ+/0>A5+A5.0?>0A0C75G+\12]+aA:M2+Q79
a^F512G+12+/01/29+'5+?F./0+57+H:51/29+#2+.Q+<2>+OFQG
<5>2+3F01A2+30;:12+321/>0+57+H:51/2G+<0>535+OF5+;5+C2L
>>0+32.0.9+cF:5>2+A53:>W+32.0.+OF5+OF:5>2+C2>>0>9
a\R2;2+3FD75.]
a\#2+75Q.+70+<>51.0+H2.]+\#2+.0CQ.+OF5+5.2+.5+770;0
:1/5>H513:S1+51+72.+0.F1/2.+:1/5>12.+A5+2/>0+103:S1]
a-./D+C:51G+>5<@C7:309
aJ2>+72+;512.G+>5<@C7:30+0;:?0G+\12]
-770+<0.S+57+/FC2+0+70+;012+6+57+2BA2+:IOF:5>A2.G+0+E:1
A5+<2A5>+>0.30>.5+A5/>D.+A5+70+2/>0+2>5M09
a\#2H5A0A5.]+a<>5?F1/S+Q79
aR0>/0+A5+*01/:0?29
a&4G+OFQ+C:519
a(1+<232+51:?;D/:309
[g
37
1/6/00, 14:26
a\-1+OFQ+.51/:A2]
aV0C70+A5+;01340.+51+70.+<0>5A5.+6+A5+E:?F>0.+OF5
:;0?:10C0+0+<0>/:>+A5+5770.+3F01A2+1:=29
a&+;B+/0;C:Q1+;5+<0.0C09
a&+/2A2+57+;F1A2+75+<0.0G+\2+12]
a%507;51/5G+5.5+/5;0+<F5A5+12+.5>+A5;0.:0A2+2>:?:L
107G+<5>2+51+30;C:2+12+;5+<0>535+51:?;D/:329+\)+OF5L
>B0.+OF5+/5+;01A0>0+F10+<>2370;0+321/>0+72.+;:7:32.]
a#2+.50.+C2C29+*:;<75;51/5+;5+<0>535+OF5+01/5.+.5
0/>5HB0+0+;D.9
a*BG+370>2G+6+030.2+<2>+5.0+2.0AB0+5./FH:./5+;D.+A5+F1
;5.+.:1+>53:C:>+12/:3:0.9
aP0+0H5>:?_Q9+hF5+F10+;5A:A0+?515>07G+F12+A5+/01/2.
30./:?2.+32753/:H2.9
aJ0>0+72.+3F075.+?515>07;51/5+.5+C0.01+51+F1+<>5/5K/2
/01+ <F5>:7+ 32;2+ Q.5W+ OF5+ 07?F:51+ 07+ 5.3>:C:>+ .2C>5<0.5G
321.3:51/5;51/5+2+12G+7B;:/5.+12+5./0C753:A2.+<5>2+>5075.9
-770+12+>5.<21A:S9+&7+30C2+A5+F12.+.5?F1A2.+Q7+40C7S
2/>0+H5I9
a\RS;2+5./D+^50/>:I]
anF?01A2+0EF5>0G+321+.F+<01A:7709
a'5+?F./09+-.+H:/07+6+.07FA0C759
a*BG+C0./01/5+;D.+OF5+629
a#2+ 5.+ /01+ 0.B9+ -.+ 3:5>/2+ OF5+ 70+ ;062>+ H:/07:A0A+ 75
H:515+A5+*01/:0?2G+<5>2+/0;C:Q1+A5+H2.9
aN5+*01/:0?2+.B9
aP+A5+H2.+/0;C:Q19+U2+OF5+<0.0+5.+OF5+@7/:;0;51/5
5./D.+A5<>:;:A09
aJF5A5+.5>9+U0+H5>A0A+5.+OF5+12+H52+.07:A0.9+P+0A5L
;D.+;:+/>0C0M2+;5+0CF>>5+.2C5>010;51/59
aP0+ 321.5?F:>D.+ 2/>2+ OF5+ .50+ ;D.+ 5./:;F701/59+ J2>
042>0G+321E2>;0/59
a&42>0+32>>5.<21A5+OF5+;5+A:?0.+OF5+/FH5+.F5>/59
a$FH:./5+.F5>/59
a$0;C:Q1+ 32>>5.<21A5+ OF5+ ;5+ A:?0.+ OF5+ 12+ /2A2.
72.+5K:7:0A2.+A57+R212+*F>+401+321.5?F:A2+F10+/0>50+/01
C:51+ >5;F15>0A0+ 321+ .S72+ .5:.+ 42>0.+ A5+ />0C0M2G+ 6+ <2>
0=0A:AF>0+321+72.+.DC0A2.+7:C>5.9
[i
38
1/6/00, 14:26
a#2+/2A2.+72.+5K:7:0A2.+A57+R212+*F>+401+321.5?F:L
A2+ F10+ /0>50+ /01+ C:51+ >5;F15>0A0G+ 5/3Q/5>09+ \JF5A2
0?>5?0>+ OF5+ /5+ 72+ ;5>53Q.+ <2>OF5+ .2.+ F10+ .53>5/0>:0
5E:303B.:;0]
aJ2AQ.9+ J5>2+ 70+ 5E:303:0+ 5.+ <>53:.0;51/5+ F10+ A5+ 70.
>0I215.+ A5+ ;:+ 0CF>>:;:51/29+ *5>B0+ ;D.+ 51/>5/51:A2+ OF5
A5+H5I+51+3F01A2+;5+5OF:H230>09
a#2+72+3>529+-.+<2.:C75+OF5+H2.+/5+0CF>>0.+A5+70+5E:30L
3:0G+<5>2+51+?515>07+72.+<0/>215.+6+72.+?5>51/5.+.5+0CFL
>>51+;F342+;D.+6+;D.+<>21/2+A5+70+:15E:303:09
N5+ 1F5H2+ 5770+ 12+ 321/5./S9+ P+ 2/>0+ H5I+ EF5+ Q7+ OF:51
>5:1:3:S+57+A:D72?29
a\JF5A2+4035>/5+F10+<>2<2.:3:S1]
a*:+12+5.+A5.4215./09
aN:?0;2.+OF5+5.+.5;:4215./09
a-1/2135.+.S72+70+0F/2>:I2+0+;5A:0.9+Z51?09
a\cF5>Q.+:>+07+3:15]
a#2G+%2701A29
aU0+<57B3F70+5.+CF5109
a#2+72+AFA29+$51?2+321E:01I0+51+/F+?F./29+J2>+72+;5L
12.+51+/F+?F./2+3:15;0/2?>DE:329
aP+0A5;D.+/5+H0+0+;2H5>+F1+<232+70.+/570>0=0.9
a-./26+321E2>;5+321+;:.+/570>0=0.9
a'D.+ ?>0H5+ 0@19+ %5:/5>2+ 57+ 321H:/59+ \cF5>Q.+ :>+ 07
3:15]
a#2G+%2701A29+$5+0?>0A5I32+A5+H5>0.9+J5>2+5./26+>5L
H51/0A09+*:+12+/FH:5>0+OF5+323:10>+07?2+<0>0+^50/>:IG+/5
MF>2+OF5+;5+032./0>B0+.:1+3510>9
a$0;<232+ 5.+ CF5129+ RF07OF:5>+ 32.0G+ 01/5.+ OF5+ A5L
M0>.5+H5135>+<2>+70+>F/:109
b>03:570+ 032;2AS+ 57+ /FC2+ 51/>5+ 70+ ;01ABCF70+ 6+ 57
42;C>29+-H:A51/5;51/5G+/51B0+CF510+5K<5>:513:0+51+5.5
?5./2+ A5+ .53>5/0>:0+ <>2E5.:21079+ &A5;D.G+ 75+ A5M0C0+ 70.
A2.+;012.+7:C>5.G+51+5./0+230.:S1G+<0>0+;:>0>.5+70.+F=0.
6+>5<0.0>70.+A5+0+>0/2.+321+F10+7:;:/09
a%2701A29
a*BG+/5+2:?29
a\&7?F10+H5I+H:0M0./5+51+F1+E5>>230>>:7+321+2/>0+<5>L
[j
39
1/6/00, 14:26
.210G+ .51/0A2.+ E>51/5+ 0+ E>51/5G+30A0+F12+51+.F+H51/01:L

770]
aR>52+OF5+.B9+&42>0+12+>53F5>A2+70+230.:S1+<>53:.09
\&+OFQ+H:515+5.2]
a\#2+/5+E:M0./5+OF5+.:+70.+A2.+<5>.210.+.5+<2151+0+32L
;51/0>+ 57+ <0:.0M5+ OF5+ H51G+ 57+ 32;51/0>:2+ A57+ OF5+ ;:>0
403:0+ 0A5701/5+ 12+ 5.+ 5K03/0;51/5+ 57+ ;:.;2+ OF5+ 57+ A57
OF5+;:>0+403:0+0/>D.]
a$5+ 321E:5.2+ OF5+ 12+ ;5+ E:MQ+ 1F130+ 51+ 5.5+ A5/07759
J5>2+5.+<2.:C759
aP2+51+30;C:2+;5+E:MQ+.:5;<>59+J2>OF5+A5.A5+1:=0G
3F01A2+ H:0M0C0+ 51+ E5>>230>>:7G+ ;5+ 0<0.:210C0+ ;:>0>+ 57
<0:.0M59+->0+F12+A5+;:.+<7035>5.+E0H2>:/2.9+#F130+75B0+51
57+E5>>230>>:79+$0;<232+042>0G+.:+H:0M2+51+/>51G+;5+?F./0
755>9+ '5+ E0.3:10+ 5.5+ <0:.0M5+ H5>/:?:12.2G+ OF5+ 32>>5+ 0+ ;:
70A2G+<5>2+51+A:>533:S1+321/>0>:09+J5>2+3F01A2+H26+.51L
/0A0+403:0+0A5701/5G+;5+<0>535+OF5+57+<0:.0M5+H:515+40L
3:0+;BG+;5+.:51/2+2</:;:./0G+OFQ+.Q+629
a\P+.:+H0.+;:>01A2+403:0+0/>D.]
a'5+<0>535+OF5+57+<0:.0M5+.5+H0G+.5+A:7F65G+.5+;F5>59
h>0130;51/5G+;5+A5<>:;59
a\P+042>0+3S;2+H0.+.51/0A0]
a#2+/5+CF>75.9+-./2+72+H:+370>2+57+2/>2+AB0G+3F01A2+;5
<F.5+ 0+ >5755>+ 70.+ 30>/0.+ A5+ *01/:0?29+ -7G+ OF5+ 5./D+ 51+ 70
3D>357G+5.3>:C5+32;2+.:+70+H:A0+H:1:5>0+0+.F+513F51/>29+&
;BG+51+30;C:2G+OF5+5./26G+A:?0;2.G+51+7:C5>/0AG+;5+<0>5L
35+0+H535.+OF5+5.5+<0:.0M5+.5+EF5>0+075M01A2G+A:7F651A2G
030C01A29
a#2+5./D+;079+R2;2+:1/513:S1+<2Q/:30G+370>29
a#0A0+ A5+ :1/513:S1+ <2Q/:309+ #:+ .:OF:5>0+ 5.+ <>2.09
*:;<75;51/5G+5.+32;2+;5+.:51/2G
a^F512G+ 042>0+ .B+ /5+ 40C72+ 51+ .5>:29+ \*0CQ.+ OF5+ ;5
<>523F<0+5.5+5./0A2+A5+D1:;2]+P+.:+C:51+5./26+321H513:L
A2+A5+OF5+30A0+/:<2+5.+57+@1:32+OF5+<F5A5+>5.27H5>+72.
<>2C75;0.+<>2<:2.G+/0;C:Q1+5.+3:5>/2+OF5+0+H535.+<F5A5
06FA0>G+ .S72+ 06FA0>G+ 07?F:51+ A5+ ;F340+ 321E:01I09+ J0>0
5.0+>570/:H0+06FA0+;5+2E>5I32G+.:+OF5>Q.9+J5>2+72+5.513:07
5.+OF5+<>2EF1A:35.+51+H2.+;:.;09
`k
40
1/6/00, 14:26
a\J>2EF1A:I0>+ 51+ ;B+ ;:.;0]+ JF5A5+ .5>9+ JF5A5+ .5>9

J5>2+12+5./26+.5?F>0+A5+OF5+;5+?F./59
`!
41
1/6/00, 14:26
N)#+%&h&-U+,(10+3F7<0+5K/>0=08
*01/:0?2+.5+40+OF5M0A2+0+b>03:570+A5+OF5+4035+/:5;L
<2+ OF5+ 12+ 75+ 5.3>:C29+ P+ 5.+ 3:5>/29+ J5>2G+ \OFQ+ A53:>75]
\cF5+72+OF5+75+23F>>5+5.+F10+321.53F513:0+A5+.F+03/:/FA]
-.2+60+72+.0C59+\cF5+;5+.:51/2+F1+<232+3F7<0C75+A5+12
40C5>+ 40C70A2+ .FE:3:51/5;51/5+ 321+ Q7+ ,3F01A2+ /2A0HB0
5>0+/:5;<2+A5+40C70>+6+12+A5+/>0?0>.5+70.+<070C>0.8+<0>0
321H5135>72+ A5+ OF5+ 12+ .:?F:5>0+ 5.5+ 30;:12]+ -.2+ OF:ID
12+ 72+ .5<0+ 0+ 3:513:0+ 3:5>/0G+ <5>2+ OF:ID+ .5+ 72+ :;0?:159
$0;C:Q1+40+A5+:;0?:10>.5+OF5G+A5+40C5>+/51:A2+Q7+6+62
5.0.+ A:.3F.:215.+ 51+ <>2EF1A:A0AG+ Q7+ 40C>B0+ .5?F:A2+ A5
3F07OF:5>+ ;015>0+ 70+ >F/0+ OF5+ 51+ A5E:1:/:H0+ 57:?:S9+ \cF5
30A0+H5I+OF5+;5+A5.<:5>/2+51+70+12345+12+<F5A2+5H:/0>
70+0<>51.:S1G+70+.51.03:S1+2+70+;070+:1/F:3:S1G+OFQ+.Q+62G
A5+OF5+030.2+0+5.0+;:.;0+42>0+72+5./Q1+/2>/F>01A2G+2+.5
5./Q+>53F<5>01A2+A5+F10+.5.:S1+A5+/2>/F>0G+2+<>5<0>01A2
<0>0+ 70.+ <>SK:;0.G+ 2+ ;07A:3:51A2+ 0+ 07?F:51]+ $07+ H5I+ 12
/51?0+?010.+A5+:;0?:10>+F10+32.0+0.B9+N5;0.:0A2+/51A>D
321+.F+<>2<:2+.F<7:3:2G+.F+<>2<:2+0:.70;:51/2G+.F+<>2<:0
01?F./:09+ RF01A2+ F12+ .2<2>/0+ .FE>:;:51/2.+ <>2<:2.+ 12
/:515+1535.:A0A+A5+0AMFA:30>.5+A272>5.+0M512.9+J5>2+62+0
H535.+ :;0?:12+ OF5+ 0+ *01/:0?2+ 75+ 5./D1+ 0<7:301A2+ 70
<:3010+ 51+ 72.+ /5./B3F72.+ 6+ 51+ 5.5+ ;:.;2+ :1./01/5+ .:51/2
F1+A272>+>507+,12+:;0?:10>:28+51+5+4(/5./B3F72.9+)+.:+<:51L
.2+OF5+75+5./D1+0<7:301A2+57+4&*5$6+/8:(7:/5>07;51/5+;5
042?2+62+/0;C:Q19+\J2>+OFQ]+-.+F10+4:./2>:0+H:5M0G+2+;5L
M2>+A:342+F10+H:5M0+.5=07W+57+.2C>5H:H:51/5+A5+F1+?5123:L
A:2+ 5K<5>:;51/0+ F10+ >0>0+ 3F7<0+ A5+ 5./0>+ H:H29+ P+ 030.2
OF:51G+ <2>+ 07?F10+ >0IS1+ HD7:A0+ ,12+ /51?2+ 51+ 3F51/0+ 70.
>0I215.+ :1A:?10.8+ 321.:?F5+ 5.30<0>+ 0+ 70+ /2>/F>0G+ 5K<5>:L
;51/5+3:5>/0+ 3F7<0+ <2>+ 12+ .5>+ /2>/F>0A29+ )+ .50G+ OF5+ 12
/51?2+;F342.+/5;0.9+R:5>/2.+/S<:32.+12+<F5A51+7S?:30L
;51/5+ ;513:210>.5+ 51+ F10+ 30>/0+ 0+ F1+ <>5.2G+ OF5+ <2>
`T
42
1/6/00, 14:26
0=0A:AF>0+5./D+51+70+3D>357+<2>+.FCH5>.:H29+-1+3F01/2+0
2/>2.+ 0.F1/2.+ .26+ 62+ OF:51+ 12+ OF:5>5+ ;513:210>72.9+ -7
/5;0>:2+OF5+OF5A0G+A5.<FQ.+A5+5.0.+A2.+>5C0M0.G+5.+;D.
C:51+5./@<:A29+\&35</0>B0+*01/:0?2+OF5+75+5.3>:C:5>0+5./FL
<:A535.]+V0C>B0+F1+0.F1/2+.2C>5+57+OF5G+51+2/>0.+3:>3F1.L
/013:0.G+ <2A>B0+ 5.3>:C:>75G+ 2+ ;5M2>+ 40C70>759+ J5>2+ M0;D.
51+ Q./0.9+ '5+ >5E:5>2+ 07+ 5./0A2+ A5+ D1:;2+ A5+ b>03:5709
b>03:570+12+5./D+C:519+U0+12/2+30A0+H5I+;D.+A5.01:;0L
A0G+;D.+?>:.9+-770+OF5+.:5;<>5+EF5+/01+7:1A0G+/01+.:;<D/:L
30G+/01+0?FA09+P+72+<52>+5.+OF5+3>52+0AH5>/:>+OF5+.F+A5.L
07:51/2+H:515+A5+OF5+.5+5./D+075M01A2+A5+*01/:0?29+\'2/:L
H2.]+\RS;2+.0C5>72]+-770+72+0A;:>0G+A5+5.2+5./26+.5?F>29
#2+/:515+<0>0+Q7+>5<>2345.+<27B/:32.G+60+OF5+H:>/F07;51/5
5./D+ ,2+ 5./FH28+ 51+ 72+ ;:.;29+ \*5>D+ OF5+ 70+ ;FM5>G+ <0>0
;01/515>+:13S7F;5+.F+0;2>G+<>53:.0G+;D.+OF5+70+5K:./51L
3:0G+ 70+ <>5.513:0+ EB.:30+ A57+ 42;C>5]+ \*5>D+ OF5+ (7:.5.+ .5
5./D+H27H:51A2+42?0>5=2+6+51+30;C:2+J51Q72<5+60+12+.5
321E2>;0+321+/5M5>+6+A5./5M5>]+cF:Q1+.0C59+U2+3:5>/2+5.
OF5+.:+12+;5+0/>5H2+0+/>0/0>+57+/5;0+321+5770G+0+OF:51+H52
30.:+ 0+ A:0>:2G+ ;512.+ 72+ <F5A2+ />0/0>+ 321+ *01/:0?2G+ 0
OF:51+ .S72+ 51HB2+ 07?F10+ 30>/0+ A5+ H5I+ 51+ 3F01A29+ $0;L
C:Q1+<2A>B0+321/0>75+A5+;:.+370.5.G+A5+70.+<>5?F1/0.+OF5
;5+40351+72.+;F340342.9+)+OF:ID+A5+3:5>/2+<>2653/2+A5
H27H5>+0+5.3>:C:>9+\)/>0+12H570]+#29+P0+5.+.FE:3:51/5+321
F1+E>030.29+cF:ID+F1+7:C>2+A5+3F51/2.9+#2+<0>0+<FC7:30>9
&+ ;:+ 5A0A+ 5.2+ 12+ :;<2>/0+ A5;0.:0A29+ $51?2+ 70+ :;<>5L
.:S1+A5+OF5+.:?1:E:30>B0+F1+5./B;F72+<0>0+;B9+V035+OF:1L
35+0=2.+OF5+12+5.3>:C2+10A09+&7+;512.G+10A0+7:/5>0>:29+P
AF>01/5+OF:135+0=2.+12+/FH5+?010.+A5+4035>729+&42>0+.B9
\*5>D+5./2+F10+.5=07]+\&7?2+OF5+A5C2+:1/5><>5/0>]+\*5>D
5./2+F1+.B1/2;0]+J5>2G+\A5+OFQ]
`[
43
1/6/00, 14:26
"#$%&'(%)*+,-7+>B28
Z51?2+ A57+ >B29+ \J51.D.+ OF5+ 5./26+ F1+ <232+ 7232]+ #:
;F342+1:+<2329+*:+12+5172OF53B+51+2/>0.+3:>3F1./013:0.G
3>52+OF5+0+5./0+07/F>0+60+5./26+H03F10A2+321/>0+70+723FL
>09+ P+ .:1+ 5;C0>?2G+ H51?2+ A57+ >B29+ V035+ F10.+ .5;010.
OF5+A5.3FC>B+57+.:./5;09+&1/5.G+72.+>53F5>A2.+;5+0.07/0L
C01+.:1+2>A519+N5+<>21/2+5./0C0+<51.01A2+51+H2.+2+51
^50/>:I+2+51+57+Z:5M2G+6+A2.+.5?F1A2.+A5.<FQ.+51+F1+7:C>2
OF5+ 75B+ 51+ 70+ Q<230+ A5+ 7:352G+ 6+ 30.:+ :1;5A:0/0;51/5+ 51
07?F12+ A5+ 72.+ <2./>5.+ OF5+ ;5+ 403B0+ 70+ Z:5M0+ 3F01A2+ H:L
HB0;2.+ 51+ 70+ 30775+ V23OF0>/9+ )+ .50G+ OF5+ 72.+ >53F5>A2.
;5+A2;:10C019+P+F10+/0>A5+<51.QW+<2>+72+;512.+H26+0
7:C5>0>;5+A5+5./5+A2;:1:29+P+0+<0>/:>+A5+51/2135.G+.26+62
OF:51+A:>:M2+;:.+>53F5>A2.9+J0>3:07;51/5G+370>29+*:5;<>5
406+;2;51/2.+A57+AB0+,?515>07;51/5+3F01A2+;5+:1H0A5
57+ A5.D1:;2+ 2+ ;5+ .:51/2+ M2A:A28+ 51+ OF5+ 72.+ >53F5>A2.
0@1+;5+I0>01A5019+J5>2+12+5.+72+32>>:51/59+U2+12>;07+5.
OF5+042>0+<701:E:OF5+70+;5;2>:0G+2+.50G+OF5+A53:A0+OFQ
H26+0+>532>A0>9+P+0.B+>5.F57H2+>532>A0>G+<2>+5M5;<72G+F10
75M010+M2>10A0+A5+5.3F570+<>:;0>:0G+2+F10+12345+A5+E0>>0
321+0;:?2.G+2+07?F10+A5+70.+:1/5>;:10C75.+A:.3F.:215.+51
57+D;C:/2+A5+70+h-((G+2+72.+H0:H515.+,40./0+A21A5+5.2
<F5A5+5E53/:H0;51/5+>532>A0>.58+A5+07?F10+A5+;:.+5.30L
.0.+C2>>0345>0.G+2+F1+A:D72?2+0+E21A2+321+57+Z:5M2G+2+70
;0=010+ 51+ OF5+ 103:S+ ^50/>:I9+ -.+ 370>2+ OF5+ /2A2+ 5.2+ 72
H26+07/5>101A2+321+72.+>53F5>A2.+OF5+.5+>5E:5>51+0+H2.G
<5>2+0F1+51+Q./2.+45+A53:A:A2+<215>+2>A519+J2>OF5+.:+12
<21?2+ 2>A51G+ /2A0.+ /F.+ :;D?515.+ .5+ 321351/>01+ 51+ /F
3F5><2G+51+H2.+6+62+403:51A2+57+0;2>9+P+5.2+12+.:5;<>5
;5+4035+C:519+J0.0+0+.5>+F10+321./013:0+A272>2.0+A5+/F
0F.513:09+)+A5+;:+0F.513:09+J>:;5>2+?2I2+01?F./:2.0+6
;51/07;51/59+N:.E>F/2+51+57+H03B29+UF5?2+;5+A5<>:;29+P
57+C0MS1+;5+AF>0+42>0.9+N5+;015>0+OF5+3F01A2+/5+A:?2
``
44
1/6/00, 14:26
OF5+/0;C:Q1+51+5./5+30;<2+/FH5+OF5+<215>+2>A51G+OF:5L
>2+A53:>+OF5+45+A53:A:A2+:132><2>0>+2/>2.+>53F5>A2.+OF5
/5+,6+;58+0/0=51+6+OF5+.21+/01+A53:.:H2.+6+H07:2.2.+32;2
70.+ 12345.+ A5+ 1F5./>2.+ 3F5><2.9+ V5;2.+ /51:A2+ /01/0.
321H5>.03:215.+OF5G+<0>0+;B+07+;512.G+.21+:127H:A0C75.9
\$5+032>AD.+A57+.DC0A2+51+OF5+/5+321H513B+,A5.<FQ.+A5
3:132+A:07Q3/:30.+42>0.8+A5+72.+1F5H2.+30;:12.]+\P+3F01L
A2+5./FH:;2.+51+'51A2I0]+\P+51+&.F13:S1]+#2+:;<2>/0
57+2>A51+A5+70.+E5340.9+";<2>/0+57+2>A51+OF5+:;<21?2+0
;:.+ 5H2303:215.9+ J2>+ 5.2+ 5;<53Q+ A:3:Q1A2/5+ OF5+ 426
H51?2+A57+>B29+P+5.+F1+>53F5>A2+51+OF5+H2.+12+5./D.9+-7
%B2+#5?>2G+35>30+A5+'5>35A5.9+RF01A2+/51B0+A235+2+/>5L
35+0=2.G+:C0+51+57+H5>012+0+<0.0>+;:.+H0303:215.+51+30.0
A5+72.+/B2.9+U0+<>2<:5A0A+12+5>0+A5;0.:0A2+?>01A5+,51
>507:A0AG+F10+3403>:/08G+<5>2+775?0C0+40./0+57+>B29+P+32;2
51/>5+70+30.0+6+57+>B2+40CB0+;F342.+6+E>21A2.2.+D>C275.G
3F01A2+;5+OF5A0C0+51+70+2>:770+10A:5+;5+H5B0+A5.A5+70
30.09+ P+ 0OF5770+ .275A0A+ ;5+ ?F./0C0G+ hF5+ A5+ 70.+ <230.
H535.+ OF5+ 5.3F34QG+ H:G+ 27BG+ <07<Q+ 6+ ?F./Q+ 70+ 10/F>075I09
U2.+<DM0>2.+.5+035>30C01+6+12+.5+5.<01/0C01+A5+;:+<>5L
.513:09+ $07+ H5I+ ;5+ 321EF1A:5>01+ 321+ F1+ 0>C27:/2+ 2+ F1
;0/2>>079+J2>+72+?515>07+57+H:51/2+5>0+.F0H5+6+OF:ID+<2>
5.2+ 72.+ ?>01A5.+ D>C275.+ 12+ A:.3F/B01G+ .:12+ .:;<75;51/5
:1/5>30;C:0C01+32;51/0>:2.G+30C5350C01+321+CF51+4FL
;2>G+ ;5+ 403B01+ .5=075.+ A5+ 32;<7:3:A0A9+ &+ H535.+ ;5
0<260C0+51+07?F12+A5+72.+;D.+H:5M2.+6+70+32>/5I0+>F?2.0
;5+/>01.;:/B0+F10+32;<>51.:S1+30.:+<0/5>1079+%5<0.0>+70
32>/5I0+A5+F1+D>C27+5K<5>:;51/0A2+5.+32;2+030>:3:0>+70
3>:1+A5+F1+30C0772+OF5+F12+;21/0+0+A:0>:29+*5+5./0C7535
F10+ 32;F1:303:S1+ ;F6+ .2C>:0+ ,12+ 5;<070?2.0G+ 32;2
.F575+.5>+70+>5703:S1+321+F1+<5>>2+:1.2<2>/0C75;51/5+E:578
<5>2+72+C0./01/5+:1/51.0+32;2+<0>0+OF5+A5.<FQ.+F12+70
5345+A5+;512.+3F01A2+HF57H5+07+/>0MB1+A5+70+3:FA0A9+-1
2/>0.+ 230.:215.+ .FCB0+ 07+ C2/5+ 6+ >5;0C0+ 40./0+ 57+ 351/>2
A57+>B29+U0+5OF:A:./013:0+A5+70.+A2.+2>:770.+5>0+<0>/:3F70>L
;51/5+ 5./:;F701/59+ *2C>5+ /2A2+ <2>OF5+ 5>01+ A:./:1/0.+ 6
<275;:I0C019+#2+/01/2+72.+<DM0>2.G+OF5+70.+32;<0>/B01G
.:12+ ;D.+ C:51+ 72.+ D>C275.G+ OF5+ .5+ .51/B01+ 723075.+ 6+ F1
è
45
1/6/00, 14:26
<232+.53/0>:2.G+30A0+F12+51+72+.F62G+2+.50G+51+.F+>:C5>09
P2+12+403B0+10A09+*:;<75;51/5+2C.5>H0C09+#2+75B0+1:+MFL
?0C09+U0+H:A0+<0.0C0+.2C>5+;BG+A5+2>:770+0+2>:7709+P+62+;5
.51/B0+<0>/5+A5+5.0+H:A0+6+775?0C0+0+70+5K/>0=0+32137F.:S1
A5+OF5+12+A5CB0+.5>+0CF>>:A2+.5>+<:12+2+.0F35+2+5F307:<L
/F.9+J5>2+32;2+0<>51AB+H0>:2.+0=2.+;D.+/0>A5G+70.+5OF:L
A:./013:0.+ 1F130+ AF>01+ ;F342G+ 6+ /51B0+ OF5+ A53:A:>;5
<2>+ F10+ F+ 2/>0+ 2>:7709+ P+ 5./0C0+ 370>2+ OF5+ 62+ <5>/5153B0
.S72+0+F10+A5+5770.9+P0+H5.+32;2+5>0+3:5>/2+72+OF5+/5+A:M5
07+32;:51I2W+H51?2+A57+>B29
`f
46
1/6/00, 14:26
^-&$%"m+,U2.+>0.303:572.8
-7+.:1?F70>+.5+5.3>:C5+>0.303:572.+6+57+<7F>07+/0;C:Q1+.5
5.3>:C5+>0.303:572.9+J0.0+72+;:.;2+OF5+321+5.30>C0A:51L
/5.9+U2.+>0.303:572.+.21+5A:E:3:2.+321+;F34B.:;2.+3F0>/2.
A5+ C0=29+ -.2+ /:515+ 70+ 512>;5+ H51/0M0+ A5+ OF5+ ;:75.+ A5
?51/5.+ <F5A51+ 4035>+ <:34B+ 07+ ;:.;2+ /:5;<29+ U2.+ >0.30L
3:572.+<2.551+0A5;D.+2/>0.+H51/0M0.9+J2>+5M5;<72+/:5151
0.351.2>5.+321+;0>52.9+U2.+0.351.2>5.+321+;0>52.+.21
;F6+;2A5>12.9+U2.+5A:E:3:2.+H:5MB.:;2.+12+/:5151+0.351L
.2>5.+2+.S72+/:5151+0.351.2>5.+.:1+;0>52.+6+70+?51/5+OF5
H:H5+ 2+ />0C0M0+ 077B+ .5+ ;F5>5+ A5+ H5>?_51I0+ <2>OF5+ .21
;F6+0/>0.0A2.9
b>03:570+ 2+ .50+ ;:+ ;0;:+ />0C0M0+ 51+ F1+ >0.303:572.9
(10+H5I+;5+775HS+0+.F+2E:3:10+6+EF5+70+@1:30+H5I+OF5+4:35
<:34B+ 51+ F1+ >0.303:572.9+ -.+ CD>C0>29+ -7+ >0.303:572.+ A5
b>03:570+ /:515+ F1+ 0.351.2>+ 321+ ;0>52.+ /2/07;51/5+ :;L
<2>/0A2+6+<2>+5.2+0+;B+;5+>5HF57H5+;F34B.:;2+57+5./SL
;0?29+ -7+ 2/>2+ AB0+ 4:35+ 57+ 3F51/2+ 51+ 70+ 370.5+ 6+ /2A2.+ 72.
1:=2.+.5+;F>:5>21+A5+51H:A:0+6+OF5>B01+OF5+72.+775H0>0+07
0.351.2>+321+;0>52.+A57+>0.303:572.+A5+b>03:5709+J5>2+62
75.+ A:M5+ OF5+ 5>0+ ;F6+ <57:?>2.2+ <2>OF5+ 5.5+ 0.351.2>+ H0
>0<:AB.:;2+ 6+ .:+ F10+ .030+ 70+ 30C5I0+ <2>+ 70+ H51/01:770+ .5
<F5A5+ OF5A0>+ .:1+ 30C5I09+ P+ 5772.+ 72+ 3>565>21G+ .:+ .5>D1
C2C2.G+;:>5+.:+72.+0.351.2>5.+A5+>0.303:572.+H01+0+.5>+/01
0/>0.0A2.+32;2+<0>0+/515>+H51/01:770.9
RF01A2+406+F1+0<0?S1+51+72.+0.351.2>5.+A5+>0.303:5L
72.+3F1A5+57+<D1:329+-1+;:+370.5+3F01A2+775?0+70+42>0+A57
>53>52+ 3F1A5+ 70+ 075?>B09+ -7+ H5>C2+ 3F1A:>+ 5.+ F1+ 45>;2.2
H5>C29
&A5;D.+A5+0.351.2>5.+321+;0>52.+72.+>0.303:572.+/:5L
151+ <2>/5>2.9+ U2.+ <2>/5>2.+ .21+ ?2>A2.+ 6+ M0;D.+ <2A>B01
.FC:>+<2>+70+5.3075>09+RF01A2+72.+<2>/5>2.+0A57?0I01+12
75.+ <5>;:/51+ .5?F:>+ />0C0M01A2+ 51+ 72.+ >0.303:572.+ <5>2
`g
47
1/6/00, 14:26
/:5151+ 70+ 2<2>/F1:A0A+ A5+ .5>+ /0K:./0.+ 2+ MF?0A2>5.+ A5

E@/C279
U2.+>0.303:572.+.5+A:H:A51+51+>0.303:572.+07/2.+6+>0.30L
3:572.+ C0M2.9+ U2.+ >0.303:572.+ C0M2.+ /:5151+ ;F34B.:;2.
;512.+ 3F0>/2.+ A5+ C0=2+ OF5+ 72.+ >0.303:572.+ 07/2.9+ &+ 72.
>0.303:572.+C0M2.+/0;C:Q1+.5+75.+770;0+30.0.G+<5>2+/:5151
<>24:C:A2+ /515>+ M0>AB19+ U2.+ >0.303:572.+ 07/2.+ 40351+ ;FL
340+.2;C>0G+<5>2+5.+F10+.2;C>0+A:./:1/0+0+70+A5+72.+D>L
C275.9+&+;B+;5+?F./0+;D.+70+.2;C>0+A5+72.+D>C275.G+<2>L
OF5+ /:515+ ;0134:/0.+ A5+ .27+ 6+ 0A5;D.+ .5+ ;F5H59+ -1+ 70
.2;C>0+ A5+ 72.+ >0.303:572.+ 3F1A51+ 70.+ 30>0.+ .5>:0.+ 6+ 70
?51/5+ OF5+ <:A5+ 7:;2.109+ -1+ 70+ .2;C>0+ A5+ 72.+ D>C275.
3F1A51+72.+<0./:/2.+6+72.+C:34:/2.+A5+*01+&1/21:29
P2+<:51.2+OF5+077B+A21A5+5./D+;:+<0<DG+0+@7/:;0+42>0
A5+70+/0>A5+A5C5+3F1A:>+70+/>:./5I09+&+;B+;5+?F./0>B0+;FL
342+OF5+;:+<0<D+<FA:5>0+<2>+5M5;<72+H:.:/0>+57+>0.303:5L
72.+A21A5+/>0C0M0+b>03:570+2+.50+;:+;0;:9
ì
48
1/6/00, 14:26
-l"U")*+,Z51B0+A5+&F./>07:08
F8( -8/8-'( 3/( 3"( $3689&36,8( 73( >+&7$7( 73( ÀS+-8:
D63/,3($("84(584,6$78634(73(>&*$/$(73(!<+$-+./0(E8(<+$1
B$*$($(F$(Y$*$/$(-8/(,634(<$"+B$4(?(73*'$(9$;$6(5+(3S-31
48(73(3%&+9$B30(C/,8/-34(&/(43K86:(%&3(53(43;&'$(3/("$
-8"$:(4&;+6+.(%&3:(-858(A"(<+$B$*$(-8/(&/$(48"$(?(93%&31
K$( 5$"3,$:( 63;+4,6#6$584(B&/,84(/&34,684( 3%&+9$B34:( %&3
3/(,8,$"(""3;$*$/(3S$-,$53/,3($("84(9365+,+784(-&$63/,$
^+"840(!-39,A:(-"$68:($;6$73-+A/78"3(3"(D$<86:(?(3"(359"3$1
78( 73( >&*$/$( 968-37+.( $( 7349$-)$6( "$4( -&$,68( <$"+B$40
@368()3($%&'(%&3(-&$/78(5+(3498/,#/38(*3/3D$-,86(5841
,6.(4&(9$4$986,3:($7<36,'(-8/(4869634$(%&3(36$(&/(78-&1
53/,8(&6&;&$?80(N8(8D+-+$":(/+(7+9"85#,+-8:(4+/8(&/(9$4$1
986,3(-866+3/,30(_"(48/6+.T([aF3(3S,6$K$:(<367$7b\(!75+,'
%&3(4'0([E$(43("8(3S9"+-$6A(5+3/,6$4(,85$584(&/(-$DA0\
X85$584( 3"( -$DA0( _"( +/%&+6+.T( [i4,37( 34( L3/373,,+:
a/8b\([>"$68:(9368:(a73(7./73(53(-8/8-3b(N8(63-&3678
4&(-$6$0\([C4(".;+-80(i4,37(34,$*$(3/("$(,6+*&/$(?(?8(3/,63
3"(9Q*"+-80( F8(34-&-)A(5&-)$4(<3-34(3/($-,84(-$""3B3684
7&6$/,3( "$( -$59$K$( 3"3-,86$"( 73"( IG0( a23( $-&367$( 73"
$-,8(D+/$"(73"(]63/,3(!59"+8:(D63/,3($"(F3;+4"$,+<8(?(-8/("$
U+$;8/$"( !;6$-+$7$( ,8,$"53/,3( ""3/$b( C4$( <3=( &4,37( /8
)$*".:( 9368( 34,$*$( 3/( "$( ,6+*&/$0( 2363;/+( D&3( 3"( Q/+-8
86$7860(C4,&<8(5&?(*+3/(3"(;3/36$"0\(>638(%&3(53(7$*$
3484( 7$,84( 9$6$( +/49+6$653( -8/D+$/=$:( 9368( $( 34$( $",&6$
?8( /8( "84( /3-34+,$*$0( 2&( 684,68( 36$( 73( ,+98( )8/34,8:( 4+/
78*"3-340
`3(7+B8(4&(/85*630(2&($93""+78(34(8,68:(9368($%&'("8
""$5$6A(]$"-80(U3(,8784(58784:(3"(<367$7368(34(,$/(&6&1
;&$?8( -858( A430( [@$6$( 3593=$6:( %&+368( $-"$6$6"3( %&3
73473()$-3(&/84(-+/-8($K84(<+<8(3/(!&4,6$"+$0(28?(8*631
680( @"85368:( 8( D8/,$/368:( 43;Q/( "84( 9$'4340\( [aE( $( %&A
<+3/3( $( >&*$b\( [>858( ,&6+4,$0( h/,3;68( &/$( 3S-&64+./0
`j
49
1/6/00, 14:26
C4,&<3($)866$/78(7&6$/,3(784($K84(9$6$(7$653(3"(;&4,$1
=8( 73( <3/+6( &/$( 435$/$( $( >&*$0\( [aE( -.58( 43( 4+3/,3
$""#b\( [C/( 3"( $493-,8( 3-8/.5+-8:( *+3/0( @368( /$7$( 5#40
@86(8,6$(9$6,3:(<84(4$*A4(Va9&378(,&,3$6,3:(<367$7bW:("$
35+;6$-+./($(!&4,6$"+$(/8(D&3(963-+4$53/,3(98"',+-$:(4+/8
5#4(*+3/(3-8/.5+-$:($&/%&3(53(7+;$4(%&3(348(4+;/+D+-$
%&3( 34( +/7+63-,$53/,3( 98"',+-$0( E( 34( -+36,8:( 9368( 986( "8
;3/36$"("84(35+;6$784(3-8/.5+-84(/8(,+3/3/(-8/-+3/-+$
73(34$(63"$-+./0(C/(34,3(43/,+78(34(&/(3S+"+8(*$4,$/,3(+/1
;6$,8:(5&?(7+4,+/,8($"(73(8,684(4+,+840(!(<3-34()$?(&/(6341
9+68:( 986( 3B359"8( -&$/78( <+3/3/( F84( R"+5$63K84( ?( "$
;3/,3(<$($(8'6"84(986%&3:($(934$6(73(,878:("84(,35$4(73"
,366&K8( 4+;&3/( -8/58<+A/78"$0( E( /8( 4."8( "84( ,35$40
X$5*+A/("84(/85*634(73(#6*8"34:(73(D"8634:(73(-36684:("$4
D+;&6$4()+4,.6+-$4:("$4(-$""34:("84(9&3*"84:("$4(63D363/-+$4($"
-+3"8:($("84($,$673-3634:($("84(6'84:($(-&$"%&+36($668?+,8(73
5$"$(5&36,30(@368(43(<$/("84(R"+5$(?(<8"<3584(,8784($
/&34,6$( 6&,+/$:( $( /&34,68( $+4"$5+3/,80( E8( 7+;8( %&3( 3/
!&4,6$"+$(48584(3"(!6-)+9+A"$;8(R6+3/,$":(986%&3(3/(63$1
"+7$7(-8/4,+,&+584(&/$(4&5$(73(+4"$4:(73(+4"8,34:(73(,+984
8(9$63B$4(8(D$5+"+$4:(,8784($+4"$784:(3/(48"37$734(5#4(8
53/84(-8/D86,$*"34:(9368(%&3(/8(73B$/(73(436(48"37$7340
!";&/84( 5$/7$/( 9"$,$( $( "$4( 986-+8/34( 73( D$5+"+$( %&3
%&37$68/(3/(i6&;&$?:(?(348(7$(-+36,8(43/,+78($(4&4(<+7$4
?($(4&(,6$*$B80\([aE(/8(+/,3/,$/(986("8(53/84(+/,3;6$643
3/(3"(537+8:()$-3643(73($5+;84($&4,6$"+$/84b\([`+6#:(/8
34( D#-+"0( !/,3( ,878( 34,#( "$( *$6636$( 73"( +7+85$0( C4( -"$68
%&3(-8/(3"(,+3598(-&$"%&+36$($-$*$(986($963/736(+/;"A4:
9368(-&$/78(43(""3;$($(343(9&/,8(&/8(?$(43()$($-84,&51
*6$78($"($+4"$5+3/,8:(?(34(7+D'-+"(-$5*+$6("$(6&,+/$0(!731
5#4:("$(48-+37$7($&4,6$"+$/$:(4+(*+3/(/3-34+,$("$(5$/8(73
8*6$(3S,6$/B36$:(/8(43($*63($4'(/85#4($("84(35+;6$/,340
Y3( 3/,6$78( 3/( 5&-)84( )8;$634( $&4,6$"+$/84:( 9368( 4."8
-858(9"853680(E(4+("$(D$5+"+$(34,#(63&/+7$(-&$/78(9$48
-8/(5+(-$B$(73()366$5+3/,$4:($&,85#,+-$53/,3(73B$/(73
)$*"$60\([aE(986(%&A(,3(+/,3634$*$(,$/,8(<3/+6($(>&*$b\
[N8("8(4A(3S$-,$53/,30(C4(&/$(73(34$4(D$4-+/$-+8/34:(9$1
63-+7$4($("$4(%&3(&/8(,+3/3(3/("$(+/D$/-+$(8(3/("$($78"341
ek
50
1/6/00, 14:26
-3/-+$0(M84(7+6#4(%&3(&/(*8"&78(-858(?8(/8(34,#(3/(37$7
73(D$4-+/$-+8/340(@368(34(-858(&/(53,3B./:(a4$*34b(`+6#
<84:(,3(7+B3(53,3B./(?($)86$(53(78?(-&3/,$(73(%&3(73*3
)$-36( -858( -+/-8( $K84( %&3( /8( 968/&/-+8( 34$( 9$"$*6$0
!""#:(/8(4."8(43(<$(9367+3/78(3"(<8-$*&"$6+8:(4+/8(%&3(+/1
43/4+*"353/,3(<$584(+/-86986$/78($"()$*"$(7+$6+$(9$"$1
*6$4( +/;"34$40( L&3/8:( <8"<+3/78( $( >&*$0( F$( <367$7( 34
%&3(/84(+"&4+8/$584(735$4+$78(3/(i6&;&$?:($""#(986(3"
fH:(3"(Im:(?(&/(98-8(53/84(3/(3"(IG0(>63'584(%&3(,$51
*+A/(3/(/&34,68(9$'4(36$(984+*"3(&/(-$5*+8(6$7+-$":(E(/8
D&3( 984+*"3:( $"( 53/84( 986( &/( "$6;8( $)86$0( C/,8/-34( 53
3/,6.( -+36,$( +59$-+3/-+$( 986( -8/8-36( &/( 9$'4:( -858
>&*$:( %&3( 4'( 9&78( ""3<$6( $( -$*8( 4&( -$5*+80( U3-+53( &/
98-8:( a<84( -63A4( %&3( )$*6'$( $";&/$( 984+*+"+7$7( 73( %&3
53(%&37$6$(3/(>&*$b(X6$*$B$/78:(-"$680\([C4936#($(<36
-.58(,3(43/,'4($)'0(@3/4#(%&3(986(3B359"8(,3(9&373(;&41
,$6("$(;3/,3:(987A4(34,$6(73($-&3678(-8/(3"(4+4,35$(98"',+1
-8:( ?( 4+/( 35*$6;8( ,3( 9&373( $9"$4,$6( 3"( -"+5$0( N$7$( 73
-&$,68(34,$-+8/34:(4+/8(&/(48"8(<36$/8:(-8/(&/$(,35986$1
7$(43-$(?(8,6$(""&<+84$0(!(5'(93648/$"53/,3(/8(53($D3-1
,$:(9368(4A(73(8,684(6+89"$,3/434(%&3(43(4+3/,3/($;8*+$784
-8/(,$/,8(-$"86(?(,$/,$()&537$70(U3(,8784(58784:(4+3,3
7'$4(48/(98-8(,+3598(9$6$("$4(/3-34$6+$4(;34,+8/340(X3/A
3/(-&3/,$(%&3(B&4,8(3/(3"(537+8()$?(&/(D+/(73(435$/$0\
[2':(-"$68:(a9368("84(-&*$/84(<3/(-8/(*&3/84(8B84("$(+/1
-86986$-+./(73(3S,6$/B3684b\([M84($""'(/8(436'$4(3S,6$/B31
680(284("$,+/8$536+-$/8:(a/8b(C"(968*"35$(34(5#4(-851
9"3B80(aX3(+5$;+/#4(986(&/(5853/,8(%&A(9$4$6'$(4+(>&*$
V%&3($)86$()$($*+36,8(4&4(9&36,$4(9$6$(%&3(43(<$?$(,878
3"( %&3( /8( 34,A( -8/D8653W( $*6+36$( 34$4( 5+45$4( 9&36,$4
9$6$( %&3( <+/+36$( $( 6$7+-$643( ,878( 3"( %&3( %&+4+343b( jF$4
-8"$4( %&3( 43( D865$6'$/( 3/( `8/,3<+738:( L&3/84( !+634:
2$/,+$;8:(F$(@$=:(@&36,8(@6'/-+93k(!735#4:(4+;&3()$*+3/1
78(436+84(968*"35$4(73(<+<+3/7$0\([a@368(<84(-63A4(%&3
9876'$( +/,3/,$6"8b\( [@86( 4&9&34,8:( +/,3/,$"80( N$7$( 43
9+36730\
C4$(<8=:(4&$<3(?($/./+5$:(%&3(3/(,8784("84($3689&361
,84(73"(5&/78(-8/<8-$(9$6$(3"(35*$6%&3(?(%&3(4+35963
e!
51
1/6/00, 14:26
9$63-3("$(5+45$:(/84(63-867.(%&3(73*'$584($66+5$6/84
$("$(9&36,$(8-)80(U&6$/,3(3"(<&3"8(43;&+584(-8/<364$/78
?( -&$/78( "$( $=$D$,$( V3/( >&*$/$( 73( !<+$-+./( 43( ""$5$/
$36858=$4W(/84(73B.(3"(-8663498/7+3/,3(63D6+;36+8:(]$"-8
-853/,.T( [d&A( +/-63'*"30( _4,$4( /8( 48/( 5&K3-$4:( -81
58( "$4( 73( 8,6$4( -859$K'$4( 73( $<+$-+./0( 28/( 5&B3634:
a<+4,3b\
F8(9367'(3/(3"($3689&36,8(n84A(`$6,':(7349&A4(73()$1
*36(63-8;+78(/&34,6$4(-&$,68(<$"+B$4(V&/$(4&?$:(,634(5'$4W0
_"( ,&<8( %&3( +/-86986$643( $"( 634,8( 73( "$( 3S-&64+./:( ?( ?8
53(63&/'(-8/(<$6+84($5+;84(%&3()$*'$/(+78($(34936$6530
U84(7'$4(7349&A4(,&<8("&;$6("$(5$6-)$(D63/,3($("$(RD+1
-+/$(73(h/,363434(/86,3$536+-$/840(E$()$*'$(-8/-"&+78("$
+/<$4+./(73("84(7+3=(5+"(3/("$(35*$B$7$(936&$/$0(!)86$
3"(,35$(36$(8,68T(3"($/&/-+8(73(5$/+8*6$4(/$<$"34(3/("$
*$43(73(O&$/,#/$58(?("$4(7+$6+$4($53/$=$4(73(>$6,360
X$5*+A/(?8(734D+"A(986(3"(`$"3-./:(-8/(5+4(-859$K31
684( 73( "$( >$4$( 73( "$4( !5A6+-$40( C/( 5+4( <$6+84( $K84( 73
634+73/-+$( 3/( >&*$:( B$5#4( )$*'$( $4+4,+78( $( &/( $-,8( 73
5$4$4(,$/(+59634+8/$/,30(C4,#*$584(34936$/78:($("$($"1
,&6$( 73( "$( P$59$:( %&3( 3"( 734D+"3( 43( +/+-+$6$:( -&$/78( 73
968/,8(<+($(]$"-8:($93/$4($(&/84(7+3=(53,684(73(7+4,$/-+$0
F$( 5&-)37&5*63( 36$( -859$-,$:( $4'( %&3( 36$( 7+D'-+"
$<$/=$60(U3(5878(%&3("3(;6+,AT([j]$"-8k(j]$"-8k\(U3473(3"
-85+3/=8(34-&-).(5+(;6+,8:(9368(+/7&7$*"353/,3(/8(981
7'$(-6336(%&3($("$4(-&$63/,$(?(8-)8()86$4(73()$*36(""3;$78
$(F$(Y$*$/$:($";&+3/("8(63-8/8-+36$(?("8(""$5$6$0(@368($4'
34(3"($=$60(E8(36$(43;&6$53/,3("$(Q/+-$(93648/$(3/(>&*$
%&3(987'$(63-8/8-36"8:(?($""'(34,$*$:($(98-84(9$4840
@86(D+/(53(<+8(?(4."8(3/,8/-34(9&48(-$6$(73($485*68(?
"3<$/,.( $"3;6353/,3( 4&4( "$6;84( *6$=840( X6$/4-&66+368/
7+3=( 5+/&,84( $/,34( 73( %&3( 9&7+A6$584( $968S+5$6/840
`3($*6$=.0([jd&A(-84$(*#6*$6$:(-)3k(ji/(5+""./(73(;3/,3
?(<84(%&3(53(3/-8/,6#4k\(C4,$*$(3&D.6+-80([C4,8(34(,8/+D+1
-$/,30(aN8(,3(,6$3(3"(63-&3678(73j($-,8(D+/$"(73"(]63/,3b\
[L&3/8:($%&'(48584(5#40\([@86(4&9&34,80(@368(?8(53(631
D+368($"(D36<86:($("$($"3;6'$0\
@86( D+/( 3593=$584( $( 734D+"$6:( 96+5368( "3/,$53/,3:
eT
52
1/6/00, 14:26
"&3;8(&/(98-8(5#4(6#9+780(U3(968/,8(43/,'(%&3(53(7$*$
&/(-87$=8(73(-859"+-+7$70([a2$*A4(%&3()8?(7+(3"(96+536
9$48b\( [ad&A( 96+536( 9$48b\( [@$6$( %&37$653( $%&'0\
[!)0\([]&+($("$(8D+-+/$(%&3(53(+/7+-$68/(?(36$(B&4,8(78/1
73( )$*'$( &/$( -$/,+7$7( 73( 34$( ;3/,3( %&3( %&+363( +6430
>&$/78(""3;&A($("$(9&36,$(73(<+76+8:(3/(343(963-+48(+/41
,$/,3( "$( -366$68/0( C/,8/-34( 3593-A( $( )$-36"3( 43K$4( $"
359"3$78( %&3( )$*'$( -366$78( "$( 9&36,$0( E( A"( $( )$-3653
43K$4(%&3(/80(E(?8($(+/4+4,+6"3(%&3(53(34-&-)$6$(&/(581
53/,+,80(C/,8/-34(43(53(8-&66+.($";80(C/(3"(*8"4+""8(,3/'$
&/(9$93"0(C4-6+*'("$(9$"$*6$(-859$K368(?(9&43("&3;8(3"
9$93"( -8/,6$( 3"( <+76+80( d&+=#( "3( 9+-.( "$( -&6+84+7$7:( 9861
%&3($*6+.("$(9&36,$(&/84(-+/-8(-3/,'53,684:("8(4&D+-+3/,3
9$6$(34-&-)$6/84(5&,&$53/,30(oY8?(/8(43($,+3/73/(5#4
48"+-+,&734(73(4$"+7$:(a3/,+3/73bp(oE$(4A:(9368(34(%&3(?8
/8(<3/;8($(3480p(oaE($(%&A(<+3/3(3/,8/-34bp(oC4,8?(-8/
&/$( 3S-&64+./0( X&6+4,$40( E( ?8( %&+368( %&37$6530p( oad&3
%&+363(%&Abp(od&317$61530p(C"(5&-)$-)8(V986%&3(36$(&/
5&-)$-)8W( /8( 987'$( -6336"80( C/,8/-34( $*6+.( &/( 98-8
5#4( "$( 9&36,$:( 9$6$( %&3( ?8( 9&7+36$( 3/,6$6:( 968<8-$/78
-8/( 3""8( "$4( 3S9"+-$*"34( 968,34,$4( 73( "84( -$/7+7$,84( $
3S+"+$784( 3/( `+$5+0( oaU+B8( %&3( &4,37( %&+363( %&37$643bp
o2':(348(7+B30p(C"(5&-)$-)8(53(5+6.:(-858(-$,3#/7853
3/( 968D&/7+7$70( U349&A4( ,85.( &/$( "+*63,$:( "3( $66$/-.
&/$()8B$:(34-6+*+.(&/(/85*63(?(53("8(7+80(o`+6$:(-)+-8:
<3/( 5$K$/$:( 9368( %&3( 43$( *+3/( ,3596$/8:( ?( 963;&/,$
986(34,3(-859$K3680(_"(,3(<$($($,3/7360(E(*&3/$(4&36,30p
!4'( %&3( 5$K$/$( <8?0( ad&A( ,3( 9$63-3b( R( -858( 7+-3/
$%&'T( a%&A( ,Q( 89+/$4b\( [E$( <38( %&3( ,3( $7$9,#4( 53B86( $
"84(587+4584(-&*$/84(%&3($("84($&4,6$"+$/840\
F$(5$6-)$($-3"36.(4&(6+,580(U3($(98-8(/84(D&+584(431
9$6$/78(?(986(&/(6$,8("8(9367'(73(<+4,$0(C4,#*$584(9$1
4$/78(3S$-,$53/,3(D63/,3($"(37+D+-+8(73("$(RD+-+/$(73(h/,31
63434(/86,3$536+-$/84(V/8(43(<3'$($(/$7+3(3/("$4(<3/,$1
/$4W(-&$/78(<8"<'($(<36"8:($)86$(&/(98-8(5#4($,6#40(>8/
<8=( 34,3/,.63$( ?( -6&78( $-3/,8( 58/,3<+73$/8:( )$-'$( <+1
*6$6(&/$(73("$4(-8/4+;/$4(%&3($%&3""$(B8-&/7$(5&",+,&7
-863$*$T([j@+/:(98/:(D&36$:($*$B8("$(;&4$/36$k\
e[
53
1/6/00, 14:26
-U+)$%)+,cF5>5>G+<2A5>G+5/398
Z2.+ 5./D.+ 34:E75G+ >53F5>A0+ 1B/:A0;51/5+ %2701A2
&.F5>2+OF5+40CB0+;F>;F>0A2+*:7H:2+0OF5770+;0=010+51
OF5+'01272+5K<F.2+72+OF5+A512;:10C0+Z:.:S1+J5>.2107
6+J012>D;:30+A5+70+%507:A0A+#03:2107+6+)/>2.+-1.062.9
J5>2+ '01272G+ OF5+ <2>+ 5.5+ 51/2135.+ .S72+ 40CB0+ 40C70A2
;5A:0+42>0+5.30.0G+A:M2+0<>5/01A2+72.+70C:2.G+A5M0;5+/5>L
;:10>+OF5>Q.9+P+*:7H:2+72+40CB0+A5M0A2+/5>;:10>9+P+042>0
OFQ+<51.D.G+A:M2+;F6+2>21A2+'01272+/>0.+57+<F1/2+E:1079
Z2.+ 5./D.+ 34:E75G+ 40CB0+ :1.:./:A2+ *:7H:2G+ :1321;2H:C75G+ 6
30.:+030C01+0+72.+<:=0I2.9+J5>2+*01/:0?2+6+Q7G+%2701A2G
40CB01+ :1/5>H51:A2+ >D<:A0;51/5G+ 6+ 0A5;D.+ '0>B0+ A57
R0>;51+6+70+$:/0+60+5./0C01+403:51A2+<F345>2.G+A5+15>L
H:2.+12;D.G+b>03:570+12+<2>OF5+.:5;<>5+EF5+;D.+AF>0+2
;D.+5OF:7:C>0A0+2+;D.+<@A:30G+6+*:7H:2+6+'01272+H27H:5L
>21+0+.51/0>.5+6+*:7H:2+5;<5IS+0+A5.OF:/0>.5+321+57+;0/5G
AD1A275+F10.+34F<0A0.+0+70+C2;C:770+OF5+.5+5.3F340C01
51+/>5.+AF10.+0+70+>5A21A09+U2+3:5>/2+5>0+OF5+70+/5.:.+A5
'01272+ <0>53B0+ ;F6+ 3213>5/0G+ <5>2+ /0;C:Q1+ ;F6
30/0./>2E:./09+R:>3F70>G+.51/513:0C0+*:7H:29+P+.BG+72+5>0G+3:>L
3F70>+6+.:1+.07:A0G+<5>2+'01272+75+A0C0+F1+Q1E0.:.+OF5+70
403B0+2C7:?0/2>:09+U2.+OF5+/51B01+70+?F:/0+6+57+<2A5>+M0L
;D.+ 35A5>B019+ #2+ .5+ 40?01+ :7F.:215.G+ ;F340342.G+ Q./0
12+ 5.+ 70+ CF>?F5.B0+ 5.301A:10H0+ OF5+ H0+ >5AF3:51A2+ .F.
A:H:A51A2.+321+/07+A5+.2C>5H:H:>9+o./2.+H01+0+0<570>+0+70
;:7:30A0G+ 0F1OF5+ 70+ ;:7:30A0+ A5.<FQ.+ .5+ 72.+ ;2>E59
\R21./:/F3:2107:./0.]+ \U5?07:./0.]+ \Z5>?_51I0+ 2+ <FA2>
A5+F.0>+57+F1:E2>;5+2+A5+/0<0>.5+70+<570A0+321+57+OF5<:.]
#2+M2AD:.G+30>2.+32;<0/>:2/0.9+$2A2+5.2+5.+<>5/Q>:/2+:;L
<5>E53/29+ #2.+ H01+ 0+ ?27<50>+ 6+ 0+ 7:OF:A0>+ 32;2+ .:+ EFQ>0L
;2.+?F0/5;07/532.G+1:+;D.+1:+;512.9+)+.50+OF5+406+OF5
<5750>75.+ 57+ <0>/:A2+ 51+ 2/>0+ 301340+ OF5+ 12+ .50+ 70+ A57
;5>2+A5C0/5+<27B/:329+V06+OF5+<5750>75.+57+<0>/:A2+6+;5L
e`
54
1/6/00, 14:26
/5>75.+?275.9+&F1OF5+.50+A5.A5+EF5>0+A57+D>509+-.0+;5/DL
E2>0+ 75+ 40CB0+ ?F./0A2+ 5.<53:07;51/5+ 0+ *01/:0?2G+ OF5+ 0
<0>/:>+ A5+ 5.5+ :1./01/5+ 5;<5IS+ 0+ :1/5>5.0>.59+ P+ '01272
A075+ OF5+ A075+ OF5+ A075G+ ;5/:51A2+ 0+ /2A2.+ 51+ 70+ ;:.;0
C27.0+,/01?2+40C5;F.W+4+(+;&$"(34(&/$(584-$(%&3(&/(-+1
96A4W( <2>OF5+ 72+ OF5+ Q7+ OF5>B0+ 0<0.:210A0;51/5+ 5>0+ 57
30;C:2G+<5>2+12+57+A5+72.+340;F62.G+.:12+57+A57+E0/2G+3:/0
/5K/F079+P+12+75+:;<2>/0C01+A5;0.:0A2+72.+;5A:2.+,4+(n31
4Q4( /8( $?&7$( %&3( $?&73( 2$,#/8G+ 72+ 5.513:07+ 5>01+ 72.+ E:L
15.9+'5+.F510+5.2G+32;51/S+*:7H:2+321+:>21B0+;0>?:1079
P+H2.+3>5Q.+OF5+72.+H0;2.+0+A5.072M0>G+<>5?F1/0C0+*01L
/:0?2G+34F<01A2+042>0+Q7+A5+70+C2;C:770+<5>2+321+>570/:L
H0+.2>A:109+#2G+>5.<21AB0+.:1+H03:70>+'01272G+/01+5FES>:L
32+32;2+.:+5./FH:5>0+H51A:51A2+EF/F>29+#2G+12+H0;2.+0
<2A5>G+12.+H01+0+>5H51/0>G+12.+H01+0+;5/5>+51+3010G+12.
H01+0+0;0.:M0>G+12.+H01+0+7:OF:A0>9+P+51/2135.G+:1OF:>B0
*:7H:2G+OF5;01A2+5/0<0.+51/>5+70+:>21B0+6+70+<5><75M:A0A9
o7G+ %2701A2G+ .5+ 40CB0+ 7:;:/0A2+ 0+ 75H01/0>+ 70.+ 35M0.+ 321
.012+ 5.35</:3:.;29+ P+ 51/2135.+ 10A0G+ 5./0770C0+ 57+ A:10L
;:.;2+A57+<2151/59+#0A0+51+72+:1;5A:0/2G+<5>2+.F+H:3/2L
>:0G+70+A5+5772.G+.5>D+0+72+J:>>29+b010>D1+6+12+.0C>D1+OFQ
4035>+321+57+/>2E529+b010>D1+51+72.+<0<575.+6+<5>A5>D1+57
<F5C729+ ,&<70F.:/2.+ 51+ 70+ C0>>0+ E5;51:1098+ U2+ <5>A5>D1
A5E:1:/:H0;51/59+ P+ ;:>01A2+ 321+ 3:5>/0+ <>2H2303:S1+ 0
*:7H:2G+ .5?FB.+ 3>5651A2+ OF5+ 5./26+ 34:E75+ 549+ &+ 72+ ;5M2>
5./0;2.+/2A2.G+A:M2+57+2/>2G+0E72M01A2+F1+<232G+6+51/21L
35.+'01272+.5+75H01/S+6+75+A:2+F1+0C>0I2+A5+;27F.32+35L
E07S<2A2+ 321+ 2342+ /51/D3F72.G+ 2+ .50+ A5+ <F7<2G+ .5?@1
U0>2F..59+':51/>0.+/01/2G+'0>B0+A57+R0>;51+6+70+$:/0G+60
>53F<5>0A0.G+.5+>5B01+51/>5+7D?>:;0.G+32;2+A2.+0>32:>:.9
J5>2+ *01/:0?2+ 5./0C0+ A5.032./F;C>0A0;51/5+ .5>:2+ 6+ 0
321/:1F03:S1+5K<F.2+OF5G+<701/50A0+51+5.2.+/Q>;:12.G+70
7F340+5>0+.S72+;2>07G+0+;B+OFQ+;5+:;<2>/0+.5>+F1+H5135L
A2>+Q/:32+.B+H01+0+.5?F:>+5K:./:51A2+72.+301/5?>:75.+6+57+70L
/:EF1A:2+6+70+>2.30+C0130>:0+6+70+;0>+51+32345G+.:+62+;5
;5/:5>0+51+5.0+?>5.30+OF5>>B0+.5>+F1+H5135A2>+>5079+^D>L
C0>2+345G+A:M2+'01272G+/2A2.+OF5>>B0;2.+.5>+H5135A2>5.
>5075.G+ 12+ 3>50.+ OF5+ 5./D.+ A5.3FC>:51A2+ 70+ <S7H2>0G+ 70
ee
55
1/6/00, 14:26
32.0+12+5.+OF5>5>+.:12+<2A5>9+P+*:7H:2+2/>0+H5I+0+510>A5L
35>.5G+0+<0>/:>+A5+042>0+.5+A0C0+3F51/0+A5+OF5+57+75;0+A5
'01272+ 5>0+ ;D.+ 0;<7:2G+ 70+ 32.0+ 12+ 5.+ OF5>5>+ 1:+ <2A5>
.:12+M2A5>9+%:.:/0.+51+70+C0130A0+E5;51:10G+6+72.+=2OF:.
OF5+5./0C01+7:./2.G+F6+OFQ+/5;<>012G+H0;2.+OF5+.:+12+.5
<0.01G+ 6+ 62+ OF5+ /51?2+ 70+ <01I0+ 77510+ A5+ ;0/5G+ 72+ OF5
23F>>5+ 5.+ OF5+ F./5A5.+ .5+ 307:51/01+ A:.3F/:51A2+ 6+ 12+ .5
A01+ 3F51/0+ A5+ OF5+ .5+ /2;0>21+ A2.+ /5>;2.+ 32;<75/2.G
OFQ+ >570M2G+ 0+ 72.+ =2OF:.+ .5=2>5.+ 0+ 72.+ =2OF:.G+ 5./5+ /:1/2
5./D+32;2+A5+;:.0+A5+?0772G+.51.03:2107G+6+H2.+3>5Q.+OF5
A5.<FQ.+A5+70+>5H27F3:S1+.5?F:>D+40C:51A2+=2OF:.G+549
ef
56
1/6/00, 14:26
N)#+%&h&-U+,N:2.+;5A:01/58
R5>>0>+72.+2M2.9+RS;2+OF:.:5>0+35>>0>+72.+2M2.+6+5;<5L
I0>+A5+1F5H2+6+0C>:>72.+A5.<FQ.+321+70+/0>AB0+7F3:A5I+OF5
/>051+ 72.+ 0=2.+ <5>2+ 321+ 70+ H:/07:A0A+ OF5+ 60+ 12+ /51?29
N:2.+A0+<01+07+OF5+12+/:515+A:51/5.G+<5>2+01/5.G+;F342
01/5.G+75+A:2+40;C>F10+07+OF5+72.+/51B09+U:1A0+/>0;<0+70
A5+ N:2.9+ N5.<FQ.+ A5+ /2A2G+ 72.+ >5E>015.+ <2<F70>5.+ .21
07?2+0.B+32;2+F1+3F>>:3F7F;+A:H:129+*5+0>;S+70+A5+N:2.
5.+R>:./2W+ H:>F7513:0+ 6+ EF>:09+ N:2.+ 72.+ 3>B0+ 6+ 5772.+ .5+ MF1L
/01W+321.<:>03:S1+6+032.29+N0>+0+N:2.+72+OF5+5.+A5+N:2.+6
07+RQ.0>+72+OF5+5.+A57+RQ.0>W+>5<0>/:M0+6+<>2>>0/529+R2;2
N:2.+;01A0W+<>5<2/513:0+5+:;<5>:29+N:2.+<0.S+A5+70>?2W
:1A:E5>513:0+ 6+ ;512.<>53:29+ &+ N:2.+ >2?01A2+ 6+ 321+ 57
;0I2+ A01A2W+ <0>0<27:3:075.G+ <0>0;:7:/0>5.G+ 5.3F0A>215.
A5+70+;F5>/5G+5/39+RF01A2+N:2.+OF:5>0W+<2A5>+2;1B;2L
A29+ N:2.+ 12.+ 7:C>5+ 6+ 12.+ ?F0>A5W+ 15232721:07:.;29+ N:2.
30./:?0+ .:1+ <072+ 1:+ <:5A>0W+ /2>/F>0+ .FC7:;:1079+ Z060+ 321
N:2.W+;070.+32;<0=B0.9
R5>>0>+72.+2M2.+<5>2+12+<0>0+;:.+32>>:51/5.+<5.0A:770.
.:12+<0>0+/230>+57+E21A2+A5+70.+32.0.9+&77B+5./D1+70.+:;DL
?515.G+70.+5723F51/5.G+70.+.S72+<0>0+;B9+R0A0+F10+32;2
70+ >5H5703:S1+ OF5+ 12+ 51/51AB+ 1:+ 0/51AB9+ P+ 12+ .5+ <F5A5
H27H5>+ 0/>D.9+ *5+ <F5A5+ >532?5>+ 72+ 0<>51A:A2+ <5>2+ A5
<232+.:>H59
R5>>0>+ 72.+ 2M2.+ 6+ 07+ 0C>:>72.+ 51321/>0>709+ \&+ 3FD7+ A5
5770.]+(10+5.+F1+>2./>29+)/>0+5.+F1+H:51/>59+)/>0+;D.+F10
;:>0A09+\RFD1/0.+;D.]+-1+57+0;2>+12+406+<2./F>0.+>:ABL
3F70.+1:+3F>.:.+1:+2C.3510.9+-1+57+12+0;2>+/2A2+5.+>:AB3FL
72+6+3F>.:+6+2C.35129+$0;C:Q1+70+12>;0G+/0;C:Q1+70+/>0A:L
3:S19
N5+ <>21/2+ 57+ <0.0A2+ .5+ HF57H5+ E0./F2.2G+ 12+ .Q+ <2>
OFQ9+':+3F5><2+OF5+/FH5G+57+0:>5+OF5+>5.<:>QG+57+.27+OF5
;5+07F;C>SG+72.+07F;12.+OF5+5.3F34QG+57+<FC:.+OF5+321L
eg
57
1/6/00, 14:26
H513BG+F1+3>5<@.3F72G+F10+0K:70G+F1+<:12+30C53501/59
-7+<0.0A2+.5+HF57H5+E0./F2.2+6+.:1+5;C0>?2+5.+0<510.
F10+ A5.:7F.:S1+ S</:309+ J2>OF5+ 57+ <2C>5G+ ;5IOF:12+ <>5L
.51/5+?010+F10+.270+6+A53:.:H0+C0/0770W+5K:./59+-./26+A21L
A5+ 5./269+ \cFQ+ 5.+ 5./5+ 5K:7:2+ .:12+ 2/>2+ 32;:51I2]+ $2A2
32;:51I2+5.+M2H519+P+62G+H:5M2+>532;51I01/5G+>5MFH515IL
329+-.3070+A5+H:FA2G+A5+H5/5>012+<>2E5.2>G+A5+0>34:H2+A5
<070C>0.9+-./26+321A510A2+0+>5MFH51535>9+t7/:;2+51?2>L
A5G+A:351+72.+3>5/:12.9+P+62+5./26+E7032G+32=29+-1+;:+/:5>>0
A53B0+ 30>0M2G+ <5>2+ /0;C:Q1+ 5./0C0+ E70329+ N57+ 30>0M2+ 07
32=2G+<0/>:0+?>01A5+5./0+&;Q>:309+P+F1+4:M2+<>5.29+$>:./5L
;51/5+<>5.2G+<2>OF5+.5+.:51/5+A:1D;:32+6+2</:;:./0+6+H:L
/07+6+12+/:515+A5;0.:0A0.+>0I215.+<0>0+5.5+.:1?F70>+5./0L
A2+ A5+ D1:;29+ *5+ C0;C27501+ ;:.+ .51/:;:51/2.G+ H060
H0609+-./26+A21A5+5./26+6+Q7+5./D+A21A5+5./D9+J2C>5+4:M29
*:+ <FA:5>0+ 301M50>;5+ 321+ Q79+ J5>2+ 12+ ;5+ 035</019+ #2
.26+72+.FE:3:51/5;51/5+2A:2.29+#2+OF:.5+A5>>:C0>72.G+A5.L
0>;0>72.G+H5135>72.9+o7+.B+72+OF:.2+6+E>030.S9+*:+62+<FA:5L
>0+51/>0>+077B+<0>0+OF5+Q7+.07:5>0G+/07+H5I+12+72+<0.0>B0+/01
;079+&+72.+.5.51/0+6+.:5/5G+12+:C01+0+/2>/F>0>;5G+62+A:?29
^F512G+1F130+.5+.0C59+P+35>>0>B0+077B+/0;C:Q1+72.+2M2.+6
0.B+ ;5+ 7:C>0>B0+ A5+ 72.+ C0>>2/5.9+ P+ 030.2+ <2A>B0+ /230>+ 57
E21A2+A5+70.+32.0.9+J5>2+129+-./26+A21A5+5./26+6+Q7+5./D
A21A5+5./D9+R5>>0>+72.+2M2.+6+H5>+0+;:+4:M2+<5>2+0C>:>72.+6
H5>70+0+57709+\&+3FD7]+J>2C0C75;51/5+0+70+A57+C0>329+)+0
70+ A57+ D>C279+ )+ 0+ 70+ A57+ <DM0>29+ N:2.+ 70.+ 3>B0+ 6+ 5770.+ .5
.5<0>019+ *:+ 62+ EF5>0+ N:2.+ 2>A510>B0+ /5>;:101/5;51/5
OF5+32;<0>53:5>0+70+A57+D>C279+J5>2+12+.26G+6+32;<0>535
U6A:09
ei
58
1/6/00, 14:26
V-%"N)*+P+R)#$(*)*+,(1+;:5A2+5.<01/2.28
b>03:570+<F.2+<F1/2+E:107+07+:1E2>;5+.2C>5+57+.5?F1A2
.5;5./>59+ %5.<:>S+ <>2EF1A0;51/5+ 01/5.+ A5+ .030>+ A5+ 70
;DOF:10+57Q3/>:30+57+2>:?:107+321+.:5/5+32<:0.9+P0+12+OF5L
A0C0+10A:5+51+70+2E:3:109+V0CB0+/>0C0M0A2+/>5.+42>0.+5KL
/>0.9+#2+<0>0+32C>0>70.G+.:12+<2>OF5+57+M5E5+5./0C0+51+F1
0<F>2+6+5>0+CF510+?51/5+6+;0=010+H513B0+57+<70I2+<0>0
70+51/>5?0+A57+:1E2>;5+.2C>5+57+.5?F1A2+.5;5./>59
nF1/S+ 70+ @7/:;0+ 42M0+ 321+ 70.+ />5:1/0+ 6+ />5.+ >5./01/5.9
'0=010+0+<>:;5>0+42>0+A:./>:CF:>B0+2>:?:107+6+32<:0.+51
2342+ 30><5/0.9+ &42>0+ 5./0C0+ A5;0.:0A2+ 301.0A09+ N5MS
/2A2+ 51+ 57+ .5?F1A2+ 30MS1G+ <F.2+ 70+ 3FC:5>/0+ A5+ <7D./:32
.2C>5+70+;DOF:10+A5+5.3>:C:>+6+.5+;:>S+70.+;012.G+.F3:0.
A57+30>CS1:32+15?>29
-1/>S+ F1+ ;2;51/2+ 51+ 57+ C0=2G+ .5+ 70HS+ 3213:51IFA0L
;51/5+70.+;012.G+.5+<5:1SG+<0.S+57+7D<:I+70C:07+.2C>5+57
3272>+01/5>:2>G+60+A5.H0BA2+6+>5.532G+.5+321/5;<7S+51+57
5.<5M2+.:1+.21>5B>.5+0+.B+;:.;0G+<5>2+07IS+75H5;51/5+70.
35M0.+ 32;2+ :1/5>>2?D1A2.5+ 2+ 3F5./:21D1A2.5+ 2+ .:;<75L
;51/5+<0>0+32;<>2C0>+57+?>0A2+A5+.F+E0/:?09+(1:S+<2>+F1
;2;51/2+ 72.+ 70C:2.+ >53:Q1+ HF57/2.+ 0+ <:1/0>+ 6+ 5;:/:S+ F1
>5.2<7:A2+:123F29+UF5?2+H27H:S+0+.F+;5.0+A5+/>0C0M2d+A57
<>:;5>+30MS1+5K/>0M2+.F+C27.2G+A5.327?S+57+/0<0A2+A5+F10
<5>340+6+.5+72+<F.29+&C>:S+70+<F5>/0G+.07:S+07+<0.:772G+<5>2
01/5.+A5+0<0?0>+70+7FI+6+35>>0>G+534S+F1+H:./0I29+$2A2+5.L
/0C0+51+2>A519
RF01A2+.5+0C>:S+70+<F5>/0+A57+0.351.2>G+.5+.2><>51A:S9
#2+5.<5>0C0+51321/>0>+0+10A:5+6+077B+5./0C0+R57:0G+/0;L
C:Q1+.2><>51A:A09
a*:?72.+OF5+12+/5+H5B09+\cFQ+403Q.+0+5./0.+42>0.+51
70+2E:3:10]
a$FH5+OF5+<0.0>+57+:1E2>;5+A57+.5?F1A2+.5;5./>59+P
5>0+70>?FB.:;29
ej
59
1/6/00, 14:26
aZ2.+ 75+ 403Q.+ A5;0.:0A0.+ 32135.:215.+ 0+ /F+ M5E59

RF07OF:5>+AB0+A5+Q./2.+030C0>D.+032./D1A2/5+321+Q79
a#2G+ ;:M:/0G+ 5./0/5+ />01OF:709+ #2+ 5.+ ;:+ /:<29+ J5>2+ 5.
CF510+ ?51/59+ &A5;D.G+ 1:+ .:OF:5>0+ ;5+ <:A:S+ OF5+ 4:3:5>0
5./5+ />0C0M29+ P+ <2>+ .:+ /2A2+ 5.2+ EF5>0+ <232G+ 12+ 5./FH2
321;:?2+51+70+2E:3:109
acF5>:A0G+12+/5+MF./:E:OF5.+/01/29+->0+F10+C>2;09
U75?0>21+0+70+307759+V0CB0+1:5C70+6+70+32>>5.<21A:51/5
5K0.<5>03:S1+A5+72.+0F/2;2H:7:./0.9
a\cF5>Q.+/2;0>+F1+/Q]
a(1+ /Q+ 5K03/0;51/5+ 129+ J5>2+ /07+ H5I+ F1+ />0?29+ '5
H51A>D+C:51+A5.<FQ.+A5+;:.+[`+<D?:10.+321+.:5/5+32<:0.9
a&.B+;5+?F./09+pZ:H0+70+5H0.:S1q
*5+.51/0>21+MF1/2+0+F10+H51/0109+N5.A5+F10+;5.0+H5L
3:10G+ F1+ 42;C>5+ M2H51+ 6+ 0/:7A0A2+ 75.+ 534S+ F10+ ;:>0A0
:1.<53/:H09
a^F512+aA:M2+R57:0+51+H2I+C0M0a9+J0>535+OF5+/2A0L
HB0+.2;2.+A:?10.+A5+.5>+;:>0A0.9
a\&+H2.G+5.2+/5+5./:;F70+2+/5+A5<>:;5]
a#2+ .Q9+ N5<51A5+ ;F342+ A5+ ;:+ 5./0A2+ A5+ D1:;2G+ 6
/0;C:Q1G+\<2>+OFQ+12]G+A57+0.<53/2+A57+;:>S19
aP+Q./5+3213>5/0;51/5G+\/5+5./:;F70]
a#29
a'512.+;079
-7+30;0>5>2+A5<2.:/S+.F0H5;51/5+70.+A2.+32<0.9
a*07FA9
a*07FA+6+7:C5>/0A9
a-./D+C:519+-.+;D.+32;<75/29
aP+0A5;D.+3>52+OF5+EF5+321.:?10+A5+&>/:?0.9
a\N5+H5>0.]+pRS;2+.0CQ.+H2.q
a*:+4FC:5>0.+H:H:A2+72.+0=2.+OF5+H:HB+62+MF1/2+0+*01L
/:0?2G+H2.+/0;C:Q1+.5>B0.+5>FA:/0+51+&>/:?0.9+J0>0+Q7+.:5;L
<>5+EF5+F10+2C.5.:S19
R57:0+0<>2H534S+<0>0+/2;0>+F1+/>0?F:/29
a\cFQ+12/:3:0.+@7/:;0.+/51Q.]
aU0.+A5+.:5;<>59+-.3>:C5+>5?F70>;51/5G+.07H2+3F01A2
72+30./:?01+<2>+07?29+$:515+CF51+D1:;29
a\P+406+07?F10+5.<5>01I0+A5+OF5+72+70>?F51]
fk
60
1/6/00, 14:26
aV0C>B0+;2/:H2.9+J5>2+5.<5>01I0.G+12+;F340.9
U0+ 30775+ 5>0G+ 0+ 5.0.+ 42>0.G+ F10+ >507:A0A+ <232+ ;512.
OF5+ 4:<12/:I01/59+ U0.+ A2.+ ;FM5>5.+ 5./FH:5>21+ F1+ CF51
>0/2+30770A0.G+;:>01A2+72.+0F/2;SH:75.G+72.+0F/2CF.5.+>5L
<75/2.G+6+/0;C:Q1+0+70.+.5=2>0.+321+<5>>2.G+72.+;51A:?2.
321+75651A0.+5K<7:30/:H0.G+72.+1:=2.+40>0<:51/2.G+72.+CF5L
12.+;2I2.G+72.+<27:3B0.9+R57:0+EF5+70+<>:;5>0+OF5+.5+A5.L
<>51A:S+A5+5.0+>F/:10+5.<53/03F70>9
a\P+H2.]+\RS;2+/5+.51/B.]+\RS;2+0?F01/D.+F10+.5L
<0>03:S1+ /01+ 70>?0]+ ,V:I2+ F10+ <0F.098+ *:+ 12+ OF5>Q.G+ 12
;5+321/5./5.9
a-1+ >507:A0AG+ OF:.:5>0+ 321/5./0>/59+ -7+ <>2C75;0+ 5.
OF5+12+/51?2+>5.<F5./09
a\#2+.0CQ.+3S;2+/5+.51/B.]
a'5+.:51/2+A5.0MF./0A0G+A5.2>:51/0A0G+:1.5?F>09
aP+5.+7S?:32G+\12]
aJF5A5+ .5>9+ J5>2+ 12+ ;5+ <0>535+ /01+ 7S?:32+ 3F01A2
OF:5>2+ >5.<21A5>+ 0+ /F+ .5?F1A0+ <>5?F1/09+ -.2+ A5+ 3S;2
0?F01/2+70+.5<0>03:S19
a\cFQ+<0.0]
aJ0.0+ OF5+ 70+ 0?F01/2G+ .513:770;51/59+ N5;0.:0A2
.513:770;51/59+P+5.2+12+5.+12>;079
a#2+/5+51/:51A2G+b>03:5709
aZ2.+.0CQ.+OFQ+CF510+<0>5M0+4:3:;2.+*01/:0?2+6+629
*0CQ.+/0;C:Q1+OFQ+:A51/:E:30A2.+5./FH:;2.+.:5;<>5+51+72
<27B/:329+U2.+A2.+5./DC0;2.+51+72+;:.;29+&F1OF5+Q7+5./Q
51+3010+6+62+5./Q+0OFB9+RF01A2+.5+72+775H0>21G+3>5B+OF5
12+ <2A>B0+ .2<2>/0>729+ #F5./>0+ F1:S1+ 12+ 5>0+ .S72+ EB.:309
$0;C:Q1+5>0+5.<:>:/F079+#2+/51Q.+:A50+A5+3S;2+72+1535.:L
/Q+51+72.+<>:;5>2.+/:5;<2.9
a\P0+12]
aU0+ 32.0+ 12+ 5.+ /01+ ED3:79+ P2+ 72+ .:?2+ OF5>:51A29
\RS;2+12+H26+0+OF5>5>72+A5.<FQ.+A5+A:5I+0=2.+A5+F10
5K35751/5+>5703:S1]+P+;5+<0>535+42>>:C75+OF5+5./Q+<>5.29
P+ /51?2+ <7510+ 123:S1+ A5+ 72+ OF5+ .F+ 0F.513:0+ .:?1:E:30
<0>0+70+E2>;03:S1+A5+^50/>:I9
a*BG+/2A2+5.2+H0+51+F1+<70/:772+A5+70+C0701I09+\P+51+57
2/>2]
f!
61
1/6/00, 14:26
a-7+<>2C75;0+5.+OF5+70+2C7:?0A0+.5<0>03:S1+0+Q7+72+40
45342+;D.+/:5>12G+6+0+;B+51+30;C:2+;5+40+51AF>53:A29
J0>0+A53B>/572+51+<230.+<070C>0.+,6+5./2+5.+07?2+OF5+12
72+321E:5.2+0+10A:5G+6+40./0+;5+3F5./0+321E5.D>;572+0+;B
;:.;08W+30A0+H5I+72+1535.:/2+;512.9
ab>03:5709
aP0+.Q+72+OF5+H0.+0+A53:>;5W+OF5+5.+:1MF./29+U2+.Q+<5>L
E53/0;51/59+#2+.26+/01+5./@<:A0+32;2+<0>0+12+.0C5>729
ab>03:5709
aJ5>2+12+<F5A2+51?0=0>;59+U5+.:?2+/51:51A2+;F342
0E53/2G+ <5>2+ 32;2+ <F5A5+ /515>72+ F10+ 32;<0=5>0+ A5
;:7:/013:0G+ 12+ 32;2+ .F+ ;FM5>9+ o7+ .5+ <0.0+ 0=2>01A2+ ;:
3F5><2+,.:5;<>5+;5+72+4035+51/51A5>+51+.F.+30>/0.8+6+62
51+30;C:2+12+.:51/2+1535.:A0A+A57+.F629+P+5.2+4035+OF5
;5+.:51/0G+\3S;2+/5+A:>Q]G+3F7<0C759+J2>OF5+51+>507:A0A
12+.Q+OFQ+A5;21:2.+;5+23F>>59
aJF5A5+40C5>+F10+5K<7:303:S19
aR70>2G+H2.+<51.D.+OF5+406+2/>29+J5>2+12+4069
a\*5?F>2]
a$2A0HB0+12+4069
a\J2>+OFQ+0?>5?0./5+,87$<'$]
aJ2>OF5+ 51+ 3F07OF:5>+ ;2;51/2+ <F5A5+ 40C5>729+ -7
45342+ A5+ OF5+ 12+ .:51/0+ 1535.:A0A+ 3213>5/0+ A57+ 3F5><2
A5+ *01/:0?2G+ 12+ .:?1:E:30+ OF5+ 57+ ;B2+ 5./Q+ :15>/59+ R57:0W
4035+;D.+A5+3F0/>2+0=2.+OF5+12+40?2+57+0;2>+321+10L
A:59+\#2+/5+<0>535+F10+5K0?5>03:S1]
a#2+.Q9+#2+.Q9
aR70>2G+H2.+/51Q.+0+J5A>2+321/:?29+P+/5+H0+C:519+J2>
.F5>/59+J5>2G+\<2AQ.+.0C5>+OFQ+/5+40C>B0+23F>>:A2+.:+4FL
C:5>0.+<0.0A2+3F0/>2+0=2.+.:1+H5>72+1:+/230>72G+1:+.5>+H:./0
1:+/230A0+<2>+Q7]
a#2+.Q+6+12+OF:5>2+.0C5>729
a'5+<0>535+C:51+OF5+/5+1:5?F5.+0+51E>51/0>+?>0/F:/0L
;51/5+F1+321E7:3/2+OF5+12+5.+57+/F629+ J5>2+62+.B+.Q+OFQ
;5+23F>>59+#2+/51?2+;D.+>5;5A:2+OF5+.0C5>729+P+/5+<F5L
A2+0.5?F>0>+OF5+12+5.+ED3:7G+1:+3S;2A2G+1:+0?>0A0C759
a\P+12+40.+<51.0A2+51+321/D>.572+A5+0+<232G+30>/0+0
30>/0]
fT
62
1/6/00, 14:26
aR70>2+OF5+72+45+<51.0A29+P+;5+A0+F1+;:5A2+5.<01L
/2.29
a\':5A2]+\N5+OFQ]
aN5+A5./>F:>729+N5+A5./>F:>;59+cFQ+.Q+629
f[
63
1/6/00, 14:26
"#$%&'(%)*+,-7+32;<75;51/0>:28
$515>+ 12/:3:0.+ /F60.+ 5.+ 32;2+ 0C>:>+ F10+ H51/0109+ U2
OF5+;5+321/D.+A5+H2.G+A5+^50/>:IG+A57+Z:5M2G+A57+/>0C0M2G
A5+70+3:FA0A9+$51?2+<>5.51/5.+72.+42>0>:2.+A5+/2A2.G+0.B
OF5+ 51+ 3F07OF:5>+ ;2;51/2+ <F5A2+ 2>?01:I0>+ ;:
:;0?:15>B0W+ b>03:570+ 5./0>D+ 042>0+ 5.3>:C:51A2+ 0+ ;DOF:L
10G+2+57+Z:5M2+/5>;:10>D+51+5./5+:1./01/5+.F+370.5G+2+^50L
/>:I+5./0>D+A5.06F101A2+;F6+0<F>0A0+<2>OF5+.5+75+4:I2
/0>A5+ <0>0+ 70+ 5.3F5709+ RF01A2+ F12+ /:515+ OF5+ 5./0>+ :>>5L
;5A:0C75;51/5+E:M2G+5.+:;<>5.:2101/5+70+;2H:7:A0A+;51L
/07+OF5+5.+<2.:C75+0AOF:>:>9+*5+<F5A5+0;<7:0>+57+<>5.51/5
/01/2+32;2+.5+OF:5>0G+2+701I0>.5+H5>/:?:12.0;51/5+403:0
57+EF/F>2G+2+A0>+;0>340+0/>D.+OF5+5.+72+;D.+<57:?>2.2+<2>L
OF5+04B+5./D1+72.+>53F5>A2.G+/2A2.+72.+>53F5>A2.G+72.+CF5L
12.G+ 72.+ >5?F70>5.+ 6+ 72.+ 5K53>0C75.9+ &4B+ 5./D+ 57+ 0;2>G+ 2
.50+5./D.+H2.G+6+70.+?>01A5.+7507/0A5.+6+/0;C:Q1+70.+?>01L
A5.+/>0:3:215.9+&4B+5./D+72+OF5+F12+<FA2+4035>+6+12+4:I2G
6+/0;C:Q1+72+OF5+<FA2+12+4035>+6+.B+4:I29+U0+513>F3:M0A0
51+70+OF5+57+30;:12+575?:A2+EF5+57+5>>S1529+P+04B+5;<:5L
I0+70+<57B3F70G+5.+A53:>G+3S;2+40C>B0+.:A2+70+4:./2>:0+.:+.5
4FC:5>0+ /2;0A2+ 57+ 2/>2+ >F;C2G+ 0OF57+ OF5+ 51/2135.+ .5
A5.30>/S9+ b515>07;51/5G+ A5.<FQ.+ A5+ H0>:2.+ >2772.+ F12
.F.<51A5+70+<>26533:S1+6+<:51.0+OF5+57+30;:12+575?:A2
12+EF5+/01+5OF:H230A2+6+OF5+030.2G+51+:?F07+513>F3:M0A0G
426+70+57533:S1+.5>B0+70+;:.;09+R21+H0>:01/5.G+370>29+R21
;512.+ :1?51F:A0AG+ <2>+ .F<F5./29+ R21+ ;D.+ 075>/0.G+ <2>
70.+AFA0.9+J5>2+5.2+.B+;01/51:51A2+57+>F;C2+<>:;2>A:079
-./2.+?>01A5.+5.<03:2.+51+C70132+.21+<2>+72+32;@1+I2L
10.+ A5+ A5.07:51/2G+ <5>2+ 51+ 2/>0+ 035<3:S1+ /0;C:Q1+ .21
<>2H5342.2.9+-1+72.+@7/:;2.+6+<51@7/:;2.+/:5;<2.+01/5.
A5+70+2C7:?0A0+:1/5>103:S1G+/2A2+.F35A:S+/01+0/>2<5770A0L
;51/5+6+51+;5A:2+A5+/01/0.+/51.:215.G+>2A50A2+<2>+/01L
/0.+:;<7030C75.+F>?513:0.G+<2>+/01/0.+A53:.:215.+0+/2;0>G
f`
64
1/6/00, 14:26
OF5+ 12+ 40CB0+ /:5;<2+ 1:+ D1:;2+ <0>0+ 70+ >5E75K:S1G+ <0>0
<51.0>+6+>5<51.0>+.2C>5+1F5./>2.+<0.2.G+<0>0+H5>+370>2+51
12.2/>2.+;:.;2.9+&42>0+.B+406+/:5;<2G+A5;0.:0A2+/:5;L
<2G+ A5;0.:0A2.+ :1.2;1:2.G+ A5;0.:0A0.+ 12345.+ 321+ 70.
;:.;0.+<5.0A:770.+6+70.+;:.;0.+.2;C>0.9+P+70+/51A513:0
10/F>07G+6+/0;C:Q1+70+;D.+E03:721?0G+5.+<>5?F1/0>.5+<0>0
OFQ+;5+.:>H5+57+/:5;<2+042>0G+<0>0+OFQ+5./0+;5A:/03:S1
/0>AB0G+0/>0.0A0G+0103>S1:30G+:1@/:79+P+.:1+5;C0>?2+.:>H59
U0+@1:30+H51/0M0+A5+5./5+/:5;<2+C07AB2+5.+70+<2.:C:7:A0A
A5+;0AF>0>G+A5+:>+32123:51A2+72.+<>2<:2.+7B;:/5.G+70.+<>2L
<:0.+A5C:7:A0A5.+6+E2>/075I0.G+A5+:>+035>3D1A2.5+0+70+H5>L
A0A+.2C>5+F12+;:.;2G+6+12+4035>.5+:7F.:215.+035>30+A5
2CM5/:H2.+ OF5+ F12+ 1F130+ <2A>B0+ 72?>0>G+ 6+ 51+ 30;C:2
0<>21/0>+ 57+ D1:;2G+ <>5<0>0>+ 70+ 03/:/FAG+ 51/>510>+ 70+ <0L
3:513:0G+<0>0+321.5?F:>+72+OF5+07?@1+AB0+.B+<F5A5+5./0>+07
07301359+ &+ /07+ <F1/2+ .5+ 0/:10G+ 51+ 5./0.+ <53F7:0>B.:;0.
321A:3:215.G+ 0+ 0421A0>+ 51+ 57+ 01D7:.:.G+ OF5+ ;5+ 0/>5H2+ 0
321E5.0> /5+ 07?2W+ .:+ C:51+ 12+ <F5A2+ 4035>+ F1+ <701
OF:1OF5107+A5+;:.+<5.0A:770.G+.B+<F5A2+.2=0>+A5.<:5>/2+6
<2>+30<B/F72.9+P+0.B+H26+A5.?>0101A2G+A5.;51FI01A2G+72
OF5+OF:.5+6+72+OF5+OF:5>2G+72+OF5+4:35+6+72+OF5+40>Q9+J2>L
OF5+07?@1+AB0+<2A>Q+H27H5>+0+4035>+32.0.G+\12+/5+<0>535]
&7?@1+AB0+0C01A210>Q+5./5+>0>2+5K:7:2+6+;5+>5:1/5?>0>Q+07
;F1A2G+\12]+P+.5>Q+07?F:51+A:./:1/2G+3>52+:137F.2+OF5+07L
?F:51+;5M2>G+<5>2+1F130+57+515;:?2+A57+OF5+EF:+2+57+OF5
.26G+.:12+;D.+C:51+57+32;<75;51/0>:29+*BG+/515>+12/:3:0.
/F60.+5.+32;2+0C>:>+F10+H51/010G+<5>2+51/2135.+;5+H:5L
151+F10.+?010.+30.:+:1321/51:C75.+A5+0C>:>+;D.+H51/010.
6G+72+OF5+5.+;D.+?>0H5+,OFQ+723F>08G+A5+0C>:>+F10+<F5>/09
*:1+5;C0>?2G+5./26+321A510A2+0+H5>+70.+5.<07A0.+A5+5.0
<F5>/0G+.F+72;2+42./:7G+AF>2G+:15K<F?10C75G+3213>5/B.:;2G
<5>2+1F130+/01+.S7:A2+32;2+F1+CF51+0>?F;51/2G+32;2
F10+CF510+>0IS19+$515>+12/:3:0.+/F60.+5.+32;2+0C>:>+F10
H51/010G+<5>2+/2A0HB0+12+5.+32;2+0C>:>+F10+<F5>/09+cF:L
ID+A:?0+A5;0.:0A0.+H535.+70+<070C>0+<F5>/0G+<5>2+/51Q.
OF5+32;<>51A5>+OF5+0OFB+5.0+<070C>0+5.+30.:+F10+2C.5L
.:S1G+ 0F1OF5+ /5+ <0>5I30+ :13>5BC75+ ;F342+ ;D.+ 2C.5.:S1
OF5+70+<070C>0+C0>>2/59+U2.+C0>>2/5.+5./D1+04BG+.21+F10
fe
65
1/6/00, 14:26
<>5.513:0+>507G+0A;:/:A0G+32;<>51A:A0+51+/2A0+.F+340/0
;0?1:/FA9+J5>2+72.+C0>>2/5.+12+<F5A51+.5>+2/>0+32.0+OF5
72+OF5+5E53/:H0;51/5+.219+#2+406+C0>>2/5.+0C:5>/2.+6+C0L
>>2/5.+35>>0A2.9+-1+30;C:2G+F10+<F5>/0+5.+/01/0.+32.0.9
RF01A2+5./D+35>>0A0G+6+.:5;<>5+72+5./DG+5.+70+370F.F>0G+70
<>24:C:3:S1G+57+.:7513:2G+70+>0C:09+*:+.5+0C>:5>0+,12+<0>0+F1
>53>52G+ 2+ <0>0+ F1+ />0C0M2G+ 2+ <0>0+ F10+ .013:S1G+ OF5+ .21
2/>0.+/01/0.+E2>;0.+A5+5./0>+35>>0A0G+.:12+<0>0+57+;F1A28
.5>B0+70+>53F<5>03:S1+A5+70+>507:A0AG+A5+70+?51/5+OF5>:A0G
A5+70.+30775.G+A5+72.+.0C2>5.G+A5+72.+272>5.G+A5+72.+.21:A2.G
A5+70.+:;D?515.+6+57+/03/2+A5+.5>+7:C>59+*5>B0+<2>+5M5;<72
70+>53F<5>03:S1+A5+H2.+6+A5+/F.+C>0I2.+6+A5+/F+C230+6+A5
/F+ <572+ 6+ C04+ 0+ OFQ+ :1/51/0>+ A0>75+ HF57/0.+ 0+ F1+ <5./:772
OF5+12+35A5G+0+F10+35>>0AF>0+:1321;2H:C759+J5>2+72+3:5>L
/2+ 5.+ OF5+ 70+ <070C>0+ <F5>/0+ 5.+ A5+ 70.+ OF5+ 0OFB+ ;D.+ .5
C0>0M01G+;D.+0@1+OF5+/2A0.+70.+2/>0.+<070C>0.+OF5+5.<5L
>01+ A5/>D.+ A5+ 5.0+ <F5>/0G+ <2>OF5+ /2A2.+ .0C5;2.+ OF5
<0>0+775?0>+0+5770.G+<0>0+775?0>+0+70.+<070C>0.+4:M2G+;FM5>G
0;:?2G+ 30775G+ 30;0G+ 30EQG+ C:C7:2/530G+ <70I0G+ 5./0A:2G+ <70L
60G+<F5>/2G+/57QE212G+5.+:;<>5.3:1A:C75+/>0.<0.0>+70+<070L
C>0+ <F5>/09+ P+ Q./0G+ OF5+ .:5;<>5+ 12.+ ;F5./>0+ 57+ 72;2
<5>2+5./D+0OFBG+12.+;:>0+EQ>>50+6+.53/0>:0G+3>F57+6+AF>B.:L
;0G+ .:1+ 4035>12.+ 1:1?F10+ <>2;5.0+ 1:+ A0>12.+ 1:1?F10
5.<5>01I0+6+.:5;<>5+35>>D1A2.5+51+1F5./>0.+10>:35.9+*:1
5;C0>?2G+ 12.2/>2.+ 12+ 12.+ A5M0;2.+ H5135>+ 0.B+ 12;D.G
12.2/>2.+ /0;C:Q1+ 2>?01:I0;2.+ 1F5./>0+ 30;<0=0+ 01/:
370F.F>0G+6+5.3>:C:;2.+30>/0.G+321.:A5>01A2+.:;F7/D150L
;51/5+07+A5./:10/0>:2+6+07+351.2>9+)+<>2653/2.+A5+30>/0.
A21A5+<2>+32./F;C>5+.5?F:;2.+0F/2351.F>D1A212.+<5>2
.2;2.+F1+<2OF:/2+;D.+2.0A2.G+2+;0./:30;2.+7:C>5.+;2L
1S72?2.+32;2+Q./5+OF5+1:+.:OF:5>0+775?0>D+07+<0<57F342+6
.F.+ 7B;:/5.9+ J5>2+ F12+ A5+ 72.+ ;0/:35.+ ;D.+ A5./030C75.+ 6
<2.:/:H2.+A5+5.0+30;<0=0+5.+MF./0;51/5+57+4035>12.+<>2L
;5.0.G+ 57+ A0> 12.+ 5.<5>01I0.+ ,12+ 70.+ :13>5BC75.+ 6
/>:F1E07:./0.G+.:12+70.+0F./5>0.+6+H5>2.B;:75.8G+57+:;0?:10>
OF5+0C>:;2.+70+<F5>/0+51+1F5./>0.+10>:35.9+&+H535.+/515L
;2.+321+12.2/>2.+10:<5.+2+0M5A>5IG+<5>2+12+.:5;<>59+&4
<5>2+/515;2.+57+A5>5342+A5+MF?0>+07+EF/F>2G+6+<2>+.F<F5.L
ff
66
1/6/00, 14:26
/2+51+5.5+MF5?2+A5+0I0>+.:5;<>5+12.+?F0>A0;2.+F1+10:<5
51+70+;01?0G+2+>5.5>H0;2.+F1+M0OF5+;0/5+2>:?:107B.:;2+6
.53>5/2+OF5+12+H0;2.+0+;07?0./0>+51+57+MF5?2+32/:A:012
.:12+ 51+ 70+ ?>01+ 230.:S1G+ <2>+ 5M5;<72+ 3F01A2+ 51E>51/5L
;2.+ 0+ R0<0C70130+ 2+ 0+ &75r4:15G+ 12+ A:?0;2.+ 0+ u0><2H
<2>OF5+Q./5+A5.<FQ.+A5+/2A2+5K:./5+6+0A5;D.+.F+12;C>5
<2A>B0+.5>+/0340A29+$0;C:Q1+40C70;2.+A5+;@.:30+6+;@L
.:32.G+.:5;<>5+6+3F01A2+0+;:+32;<0=5>2+A5+/F>12+2+0+;B
12+12.+775H51+321+70+;@.:30+0+2/>0+<0>/59+J5>2+0+.270.+2
321+ 07?F:51G+ <F5A2+ >532>A0>+ <2>+ 5M5;<72+ H0>:0.+ A5+ ;:.
3F;C>5.+A5+5.<53/0A2>9+P+0.B+3F51/2G+2+51+57+;D.+01032L
>5/0+A5+72.+30.2.+;5+3F51/2G+OF5+H:+6+5.3F34Q+0+'0F>:35
R45H07:5>+51+57+*27B.G+60+H5/5>01B.:;2+57+/:<2+<5>2+/2A0L
HB0+C:514F;2>0A2+6+/01+?51/:7+32;2+<0>0+4035>12.+3>55>
0+/2A2.+OF5+:;<>2H:.0C0+30A0+F10+A5+.F.+C>2;0.+<>54:.L
/S>:30.d+6+H:+6+5.3F34Q+0+U2F:.+&>;./>21?+51+57+J70I0G+6
/2A0HB0+ <F5A2+ >5<5/:>;5+ 70+ 321H:1351/5+ 4F;01:A0A+ A5
.F+ >21OF5>0d+ 6+ H:+ 6+ 5.3F34Q+ 0+ R40>75.+ $>515/+ 51+ 12+ .Q
OFQ+ R51/>2+ 5.<0=27+ A5+ 70+ 30775+ *2>:012G+ .51/0A2.+ /2A2.
51+ F10.+ .:770.+ OF5+ <0>53B01+ A5+ 32;5A2>+ 6+ 12.2/>2.+ 72.
?F>:.5.+51+57+.F572G+6+57+E>0134F/5G+F1+<2OF:/2+0;015>0L
A2+<5>2+4DC:7G+301/D1A212.+72+OF5+0=2.+;D.+/0>A5+.F<5
OF5+ .5+ 770;0C0+ U0+ ;5>+ 2+ ^21.2:>+ M27:5+ ;0A0;5d+ 6+ H:+ 6
5.3F34Q+0+70+'0>:01+&1A5>.21G+60+12+;5+03F5>A2+.:+51+57
*2A>5+2+51+57+*27B.G+<5>2+.B+/51?2+1B/:A2+57+<2>/5+A5+0OF5L
770+ 15?>0+ 512> ;5+ 6+ AF73B.:;0G+ :1./070A0+ 32;2+ F1
;0;/>0;+ 51+ 70+ />D?:30+ 0.F13:S1+ A5+ .F+ >0I0d+ 6+ C0./01/5
A5.<FQ.+ H:+ 6+ 5.3F34Q+ 0+ %2CC5+ b>:775/G+ A:3:51A2+ ;F6
2>21A2+OF5+51+FpA,6$/;36(A5+R0;F.+57+5;<752+A57+<>5/QL
>:/2+:;<5>E53/2+5>0+;D.+:;<2>/01/5+OF5+70+4:./2>:0+321/0L
A0d+ 6+ H:+ 6+ 5.3F34Q+ 0+ '5>35A5.+ *2.0G+ 301/01A2+ @1:30+ 6
30.:+3701A5./:10+51+57+m:/72H.r6+A5+70+30775+NF>0I12d+6+H:
6+ 5.3F34Q+ 0+ %20+ ^0./2.G+ ;2A5./B.:;2+ .:1+ A:.:;F72G+ A:L
3:51A2+ 01/5+ F1+ 0FA:/2>:2+ H5>?21I2.0;51/5+ 5.30.2+ OF5
J0>0?F06+40+H:H:A2+.:5;<>5+51+.F+0=2+35>2d+6+H:+6+5.3FL
34Q+0+A21+-I5OF:57+'0>/B15I+-./>0A0G+07?F12.+;5.5.+01L
/5.+ A5+ .F+ ;F5>/5G+ <>21F13:01A2+ F10+ 321E5>513:0+ .2C>5
F1+ /5;0+ OF5+ 12+ >53F5>A2+ <2>OF5+ ;:+ 0/513:S1+ 5./FH2
fg
67
1/6/00, 14:26
030<0>0A0+<2>+.F+>2./>2+51MF/2G+35/>:12G+>5.532G+.S72+>5:L
H:1A:30A2+<0>0+70+H:A0+<2>+F12.+2M:/2.+A5+;:>0A0+0?FAB.:L
;0d+6+H:+6+5.3F34Q+07+#5E/07B+%:30>A2+%565.G+C>2;50A2>G
:>S1:32G+ .F/:7;51/5+ H01:A2.2+ 6+ <25/B.:;2G+ A5.?>0101A2
32;2+F1+.07;2+.F.+>53F5>A2.+A5+".70+#5?>0d+6+H:+6+5.3FL
34Q+07+A5+70+2/>0+".70+51+70+-K<7010A0G+;5/:A2+62+51/>5+F1
<@C7:32+ H:C>01/5+ 01/5+ 70+ AF>03:S1G+ 57+ :;<F7.2+ 6+ 57+ 5./:72
A57+:15.<5>0A2+3213:5>/2G+OF5+<0>0+/01/2.+2/>2.+5>0+A5.L
3213:5>/29+ %53F5>A2.+ A5+ 1:=2G+ A5+ 0A275.351/5G+ A5+ 42;L
C>5G+ <5>2+ >53F5>A2.+ :1A:.3F/:C75;51/5+ ;B2.9+ )+ .50+ OF5
3F01A2+75H01/2+57+/57S1+.26G+32;2+40C>D.+<2A:A2+0<>5L
3:0>G+:1/5>5.01/B.:;2G+6+62+;:.;2+;5+0<70FA2+6+;5+5K:M2
2/>0G+2/>0G+2/>0G+2/>09
fi
68
1/6/00, 14:26
-l"U")*+,(1+42;C>5+51+F1+I0?FD18
!"(78-,86(2+"34(q&$=8("8()$*'$(-8/8-+78(3/(`8/,3<+1
738:()$6#(73(34,8(<3+/,3($K84:(-&$/78(<+/8(3S+"+$78(V3/
$%&3"(3/,8/-34(43(73-'$(3S+"$78W($(i6&;&$?:(,6$4(3"(,6+&/1
D8(73(&/8(73("84(,$/,84(;8"934(5+"+,$634(%&3(4+35963()$/
&"-36$78( "$( )+4,86+$( 73( L8"+<+$0( E8( 3/,8/-34( ,3/'$( 98-84
"+*684( 9&*"+-$784( ?( ,6$*$B$*$( 3/( "$( 43--+./( -8/,$*"3( 73
&/$(;6$/(-859$K'$(+/58*+"+$6+$0
i/$(,$673(3"(,3"AD8/8(48/.(3/(5+(534$(?(&/$(<8=(;6$1
<3( 7+B8T( [Y$*"$( 2+"34( q&$=8\0( !"( 96+/-+9+8( -63'( %&3( 36$
&/$(*685$(?(4+/(35*$6;8(/8(63498/7'(3/(-8/43-&3/-+$:
5+7+3/78( %&+=#( "$( "3<3( 984+*+"+7$7( 73( %&3( D&36$( -+36,80
N8( 4$"'$( 73( 5+( $485*68:( 9368( 3/43;&+7$( A"( 53( 4$-.( 73
7&7$40( C/( 63$"+7$7:( 53( 34,$*$( +/<+,$/78( $( %&3( D&36$( $
<36"3($"(Y8,3"(N8;$6.0(@3/4A(%&3(53(+*$($()$*"$6(73(L81
"+<+$(?(73("84(5+"+-84(%&3()$*'$/(,85$78(3"(98736:( 9368
73( ,87$4( 5$/36$4( /8( 53( 3S9"+-$*$( "$4( 6$=8/34( 73( %&3
53()&*+36$(3"3;+78(963-+4$53/,3($(5'0(@368(34,$*$(3%&+1
<8-$780
i/84($K84($/,34(?8()$*'$(9&*"+-$78(&/(3/4$?8(48*63
'0>357+ J>2F./+ 6+ 57+ .51/:A2+ A5+ 70+ 3F7<09+ L&3/8:( 2+"34
q&$=8(%&36'$(-8/<364$6(-8/5+;8(48*63(@68&4,(?(8,684(,31
5$4("+,36$6+840(`3(3/-8/,6A(-8/(%&3($%&3"(98"',+-8(4+/(4$1
"+7$($"(5$6:($%&3"(93648/$B3(-&?$4($/A-78,$4(73(<$"86(-'1
<+-8(53()$*'$/(4+78(/$66$7$4(986(<$6+84($5+;84:(36$(&/
)85*63(3S-39-+8/$"53/,3(-&",8:(3593736/+78("3-,86(73
"$("+,36$,&6$(-8/,35986#/3$0
Y$*"$584(48*63(@68&4,:(-"$68:(5+3/,6$4(,85#*$584(3"
,A( -8/( ,84,$7$40( 2."8( D$",$*$/( "84( *8""84( 73( 5$;7$"3/$0
F$4(98-$4(<3-34(%&3(,8-$584(3"(,35$(98"',+-8:(43(73*+.($
963;&/,$4(5'$40(_"(3/(-$5*+8(%&36'$()$*"$6(73("+,36$,&6$
?:(986(-+36,8:(7+B8(-84$4(5&?(+/,3"+;3/,34(?(4$;$-340
U349&A4( 73( 343( 3/-&3/,68( +/+-+$":( ,85$584( ,A( <$6+$4
fj
69
1/6/00, 14:26
<3-34(3/(3"(N8;$6.:(?(-8/436<8(&/(63-&3678(5&?(9"#-+78
?($;6$7$*"3(73($%&3""$4(-8/<364$-+8/340(@8-8(5#4(,$673
73B.( `8/,3<+738( ?( 43( 63+/,3;6.( $( "$4( "&-)$4( ?( <$+<3/34
98"',+-84(73(4&(+/-$/B3$*"3(L8"+<+$0
C4,&<3( 5&-)84( $K84( 4+/( <36"8:( $&/%&3( 4+35963( 43;&'
4&(+/D$,+;$*"3(%&3)$-36(98"',+-8T("3;$":(-&$/78(43(987'$:
-"$/734,+/8(-&$/78(/80(i/$(/8-)3(73(-366$7$(""&<+$:($""#
986(GHIr:(3/(L&3/84(!+634:(<3/'$(?8:(-638(%&3(986("$(-$1
""3(@$6$;&$?(,6$,$/78(73(;&$63-3653:(-&$/78(73(968/,8:
$"( 9$4$6( -$4+( -866+3/78( D63/,3( $( &/( =$;&#/:( 53( 9$63-+.
63-8/8-36($""'($(&/()85*63(%&3(,$5*+A/(43(634;&$67$*$
73"($;&$-3680
M8"<'($,6#40(C6$(3"(U60(2+"340(_"(,$5*+A/(53()$*'$(63-81
/8-+780( [!4'(%&3(,$5*+A/($(&4,37("3(,8-.(3S+"+$6430\([2':
78-,860(>&$/78()$*"#*$584(3/(`8/,3<+738(348(9$63-'$
+5984+*"3:( a<367$7b\( [2':( 9$63-'$0\( C/( $%&3""$( 93/&51
*6$(/8(987'$(7+4,+/;&+6(4&(48/6+4$:(9368("$(+5$;+/$*$0([E
3/(34,3(+/34936$78(3S+"+8(4&?8:(a%&A(3,$9$(34("$($-,&$"b\
P3498/7'(-8/(&/(98-8(73(<36;s3/=$T([F$(/Q5368(,6340\
[C/,8/-34(/8(43($D"+B$0(E8($/78(986("$(-$,86-30\
C4$(/8-)3(/8()$*"$584(73(@68&4,0
gk
70
1/6/00, 14:26
^-&$%"m+,-./5+<0B.8
-./5+<0B.+12+5.+57+;B2+<5>2+;5+?F./0+C0./01/59+#2+.Q+.:
;5+?F./0+;D.+2+;512.+OF5+;:+<0B.9+Z:15+;F6+34:OF:/0+6
12+ ;5+ 03F5>A2+ A5+ 3S;2+ 5>09+ (10+ A5+ 70.+ A:E5>513:0.+ 5.
OF5+ 51+ ;:+ <0B.+ 406+ 30C062.+ 6+ 0OFB+ 51+ 30;C:2+ 406
30C0:2.9+J5>2+/2A2.+>57:134019+U0.+H030.+;F?51+6+70.+>0L
10.+3>2019
-./5+<0B.+5.+;D.+?>01A5+OF5+57+;B2G+.2C>5+/2A2+<2>OF5
57+;B2+5.+34:OF:/B.:;29+-1+5./5+<0B.+H:H51+;:+0CF572+%0L
E057+ 6+ ;:+ ;0;:+ b>03:5709+ P+ /0;C:Q1+ 2/>2.+ ;:77215.9+ -.
;F6+ 0?>0A0C75+ .0C5>+ OF5+ F10+ H:H5+ 51+ F1+ <0B.+ 321+ ;FL
342.+;:77215.9+RF01A2+b>03:570+;5+775H0+07+R51/>2G+<0L
.01+;21/215.+A5+?51/5+<2>+70+307759+-.+/01/0+/01/0+/01/0
?51/5+70+OF5+<0.0+OF5+;5+<0>535+OF5+60+A5C2+321235>+0
/2A2.+72.+;:77215.+A5+5./5+<0B.9
U2.+A2;:1?2.+70.+30775.+5./D1+30.:+H03B0.+6+62+<>5?F1L
/2+AS1A5+.5+40C>D1+;5/:A2+/2A2.+72.+;:77215.+OF5+H:+57
H:5>15.9+':+0CF572+%0E057+A:35+OF5+72.+A2;:1?2.+70+?51/5
.5+OF5A0+51+.F+30.0+0+A5.301.0>9+N5.301.0>+OF:5>5+A53:>
A2>;:>9
-1+5./5+<0B.+.5+AF5>;5+;F3429+*2C>5+/2A2+72.+A2;:1L
?2.+ <2>OF5+ .21+ ;F342.+ ;:77215.+ 72.+ OF5+ AF5>;519+ *:
30A0+ F12+ OF5+ AF5>;5+ >2130+ 1F5H5+ H535.+ <2>+ 42>0+ ,;:
;0;:+>2130+30/2>358+OF:5>5+A53:>+OF5+30A0+;:77S1+A5+40L
C:/01/5.+>2130+1F5H5+;:77215.+A5+H535.+<2>+42>09+)+.50
OF5+3F1A51+72.+>21OF:A2.9
P2+ 0+ H535.+ 3F01A2+ AF5>;2+ ;5+ <21?2+ 0+ .2=0>9+ R0.:
.:5;<>5+.F5=2+321+5./5+<0B.G+<5>2+07?F10.+12345.+.F5=2
321+57+<0B.+;B29+b>03:570+A:35+OF5+12+<F5A5+.5>+<2>OF5
62+12+<F5A2+032>A0>;5+A5+;:+<0B.9+J5>2+3F01A2+.F5=2
.B+;5+03F5>A2G+0F1OF5+b>03:570+A:?0+OF5+62+40?2+/>0;L
<09+P+12+40?29
-1/2135.+ .F5=2+ OF5+ ;:+ <0<D+ ;5+ 775H0+ A5+ 70+ ;012+ 0
g!
71
1/6/00, 14:26
Z:770+N272>5.+OF5+5.+57+12;C>5+A57+I227S?:329+P+;5+32;L
<>0+;01:.5.+<0>0+OF5+75+AQ+0+72.+;212.+6+5.2.+;212.+12
.21+72.+A57+I227S?:32+A5+0OFB+<2>OF5+0+Q./2.+72.+3212I32
;F6+C:51+6+/0;C:Q1+0+.F.+5.<2.0.+6+0+.F.+4:M2.9+U2.+;2L
12.+A5+;:.+.F5=2.+.21+72.+A5+Z:770+N272>5.+6+;:+<0<D+;5
A:35+ H5.+ ^50/>:I+ 5.2.+ C0>>2/5.G+ 0.B+ /0;C:Q1+ H:H2+ 629+ -1L
/2135.+;5+A5.<:5>/2+772>01A2+51+5./5+<0B.+6+b>03:570+/:5L
15+OF5+H51:>+0+A53:>;5+<5>2+;:M:/0+.:+5.+.S72+F1+.F5=29
P2+A:?2+OF5+5.+F10+7D./:;0+OF5+51/>5+72.+;:77215.+A5
?51/5.+OF5+406+51+5./5+<0B.+12+5./Q+<2>+5M5;<72+;:+<0<D9
gT
72
1/6/00, 14:26
V-%"N)*+P+R)#$(*)*+,*2=0>+A5.<:5>/08
aZ5.G+<2>+5.2+12+OF:5>2+OF5+H51?0.+.2709
a\cFQ+4:35]
a#2+/5+40?0.+70+;2.OF:/0+;F5>/09
a\J5>2+OFQ+4:35]
a"C0.+0+3>FI0>+321+7FI+>2M09
a#2+H51B0+1:1?@1+0F/29
a*B+OF5+H51B0G+^50/>:I9
aJ5>2+;F6+75M2.9
aZ0;2.+042>09
J0.01+E>51/5+07+.F<5>;5>30A29+UF5?2G+E>51/5+0+70+/:1/2L
>5>B09
ab>03:5709
a\cFQ+406]
a$5+<>2;5/2+3>FI0>+.:5;<>5+321+7FI+H5>A59
aP0+;5+72+<>2;5/:./5+70+.5;010+<0.0A09
aJ5>2+042>0+/5+72+<>2;5/2+A5+H5>0.9+\'5+<5>A21D.]
a#2+5.+3F5./:S1+A5+<5>AS1+2+12+<5>AS19+\#2+/5+A0.
3F51/0+A5+OF5+.:+3>FID.+321+7FI+>2M0+/5+<F5A5+0>>2770>+F1
0F/2]
a$51Q.+>0IS19
a\cFQ+40?2+62G+^50/>:IG+.:+0+H2.+/5+<0.0+07?2]+\RS;2
.5+.51/:>B0+/F+<0A>5+.:+0+H2.+/5+<0.0>0+07?2]+\#2+<51.D.
51+5.2]
a#2+;5+H0+0+<0.0>+10A0G+;0;:9+#2+772>5.9+J2>+E0H2>9
Z26+0+3>FI0>+.:5;<>5+321+7FI+H5>A59+b>03:5709+'0;:9+#2
772>5.9
a*:+60+12+772>2G+C2C09+Z0;2.G+51/>D9
a-.+ /5;<>012+ /2A0HB09+ U0.+ 370.5.+ 5;<:5I01+ A51/>2
A5+H5:1/5+;:1F/2.9+P+57+.273:/2+5./D+7:1A29+P+OF:5>2+5./0>
F1+>0/2+;D.+321+H2.9
a&AF72109
RF01A2+A:35+5.2G+b>03:570+.5+0E72M0+F1+<232+6+.21>B59
g[
73
1/6/00, 14:26
a\'5+<5>A210./5]
a*B9
a\Z0.+0+70+2E:3:10+042>0]
a#29
a\-./D.+A5+H0303:215.]
a$>0C0MQ+;F342+70+.5;010+<0.0A0+6+;5+A:5>21+7:C>5
5./5+7F15.9
a\P+OFQ+H0.+0+4035>]+\Z0.+07+3:15]
a#2+3>529+'5+<0>535+OF5+HF57H2+0+30.09
a\Z51A>D.+ 0+ CF.30>;5+ 0+ 70+ .07:A0]+ \)+ <2A>Q+ H27H5>
.270]
acF:.:5>0+/515>/5+321E:01I09
a$51Q;570G+;0;:9+#2+;5+H0+0+<0.0>+10A09+N5+H5>0.9
^50/>:I+ 12+ 5.<5>0+ 70+ >5.<F5./0+ A5+ b>03:5709+ U0+ C5.0G
30.:+51+57+0:>5G+6+51/>0+32>>:51A2+51+70+5.3F5709+b>03:570
.5+ OF5A0+ F1+ >0/2+ :1;SH:7G+ ;:>D1A270+ 075M0>.59+ UF5?2
0<>:5/0+72.+70C:2.+6+.5+H09
R0;:10+ 751/0;51/5G+ C07013501A2+ 57+ C27.2G+ A5/51:Q1L
A2.5+0+H535.G+32;2+A5.2>:51/0A09+&7+775?0>+0+70+&H51:A0G
>532>>5+321+70+;:>0A0+70+30A510+A5+?>01A5.+5A:E:3:2.9+N5
<>21/2+72.+OF5+H01+0+3>FI0>+70+>2I01G+70+5;<FM01G+75+A:L
351+07?2G+6+51/2135.+5770+/0;C:Q1+.5+A53:A5+0+3>FI0>9+J5>2
01/5.+ A5+ 775?0>+ 0+ 70+ 2/>0+ 035>0G+ 72.+ .5;DE2>2.+ .5+ 401
<F5./2+>2M2.+6+F1+30;:S1+A5C5+4035>+F1+H:>0M5+<0>0+5.L
OF:H0>709
&42>0+ A2C70+ <2>+ F10+ 30775+ 30.:+ A5.:5>/0G+ A21A5+ 406
H0>:2.+ /0342.+ A5+ C0.F>0G+ A5.C2>A01/5.+ 6+ 45A:21A2.9+ *5
035>30+0+F12+A5+5772.+6+;:>0+321+07?@1+:1/5>Q.+57+321/51:L
A29+V035+F1+0A5;D1+32;2+<0>0+:1/>2AF3:>+70+;012G+<5>2
.5+321/:5159
R0;:10+ A2.G+ />5.G+ 3:132G+ A:5I+ 3F0A>0.9+ -1+ 70+ 5.OF:10
01/5>:2>+0+70+2/>0+&H51:A0+406+F10+;FM5>+OF5+<:A5+7:;2.L
109+nF1/2+0+5770+A2>;:/01+A2.+1:=2.+;F6+<5OF5=2.9+-770
.5+035>30+6+70+;FM5>+>5:1:3:0+.F+301/:75109
a\J2>+OFQ+<:A5]+\-4]
U0+;FM5>+70+;:>0+0.2;C>0A09+-./D+032./F;C>0A0+0+70
ADA:H0G+07+>5340I2G+0+70+:1A:E5>513:09+#2+07+A:D72?29
a\RS;2]
g`
74
1/6/00, 14:26
aN:?2+OF5+<2>+OFQ+<:A59
aJ0>0+32;5>G+.5=2>09+J2>+0;2>+A5+N:2.9
a\P+12+<F5A5+/>0C0M0>]
a#2G+.5=2>09+J2>+0;2>+A5+N:2.9
a\#2+<F5A5+2+12+OF:5>5]
a#2G+.5=2>09
a\#2+OFQ]
a#2+406+/>0C0M29+J2>+0;2>+A5+N:2.9
aN5M5+ />01OF:72+ 07+ 0;2>+ A5+ N:2.9+ \#2+ .5+ A0+ 3F51/0
A5+OF5+N:2.+12+OF:5>5+0;0>70]
a#2+A:?0+5.2G+.5=2>09+#2+A:?0+5.29
a$2;59
ab>03:0.G+.5=2>09+J2>+0;2>+A5+N:2.9
&42>0+ 30;:10+ 321+ <0.2.+ ;D.+ E:>;5.+ 6+ ;D.+ >D<:A2.9
U0+;51A:?0+OF5A0+0/>D.G+0/S1:/09+(12+A5+.F.+1:=2.+>2;L
<5+0+772>0>9+b>03:570+HF57H5+70+30C5I0+<0>0+;:>0>+07+?>F<2G
<5>2+12+.5+A5/:5159
RF01A2+5./D+0+A2.+3F0A>0.+A5+.F+30.0G+A:./:1?F5+C2L
>>2.0;51/5+0+%2701A29+-./D+0<260A2+51+70+<F5>/09+R0;:L
10+2/>0+3F0A>0+6+72+.07FA0+321+57+C>0I2+51+07/29+-7+<0>535
12+H5>709+-770+>5<:/5+57+?5./2+6+51/2135.+Q7+>5.<21A5+0?:L
/01A2+/0;C:Q1+.F+C>0I2G+6+H:515+0+.F+513F51/>29
a\RS;2+.F<:./5+OF5+H51B0+0+30.0]
a'F6+ .513:7729+ U70;Q+ 0+ /F+ 2E:3:10+ 6+ ;5+ A:M5>21+ OF5
426+12+:C0.9
aR0.:+H26+07+3:159
a*BG+<51.Q+51+5.0+<2.:C:7:A0A9+J5>2+57+.27+5./0C0+/01
7:1A2+OF5+;5+<0>53:S+<232+<>2C0C75+OF5+A53:A:5>0.+51L
35>>0>/5+51+F1+3:159+P+CF512G+;5+70>?FQ+40./0+0OFBG+6+60
H5.G+035>/Q9
U0+ C5.0+ 51+ 70.+ ;5M:770.9+ -770+ CF.30+ 51+ .F+ C27.2G+ 51L
3F51/>0+70+770H5G+6+0C>59
aZ51B9+*51/0/59+\cF5>Q.+/2;0>+07?2]
a#0A09
b>03:570+ 0C>5+ 70.+ <5>.:010.+ 6+ .5+ OF:/0+ 57+ /0<0A29
%2701A2+70+;:>0+:1OF:.:A2>0;51/59
a\-./FH:./5+772>01A2]
a\*5+;5+12/0]
ge
75
1/6/00, 14:26
a$51Q.+ 57+ 0.<53/2+ OF5+ /Q31:30;51/5+ .5+ A512;:10W

A5.<FQ.+A5+70+/2>;51/09
a^04G+.S72+F1+34FC0.OF:/29
a\cFQ+<0.S]
aJ230+32.09+(1+:1MF./2+A5.07:51/2+01/5+F10+;51A:?0G
6+01/5.+F10+MF./0+>0C:5/0+321+^50/>:I9
a\R21+^50/>:I]+$01+7:1A0+57709
a^F510+<:5I09+J5>2+.:5;<>5+;5+?0109
a\P+OFQ+<0.S]
a-./F<:A5I+ ;B09+ -.+ /01+ :;<>FA51/5+ 07+ 3>FI0>+ 70.+ 30L
775.9+P+;5+A0+;:5A29
a\*S72+5.2]
%2701A2+75+2E>535+F1+3:?0>>:772G+<5>2+5770+72+>5340I09+o7
/2;0+F12+6+72+513:51A59+-340+70+<>:;5>0+C23010A0+6+70
;:>0+0+/>0HQ.+A57+4F;29
ab>03:570G+\3FD1A2+/5+H0.+0+A53:A:>]
a\N53:A:>;5+0+OFQ]
a&+321E5.0>/5+0+H2.+;:.;0+12+.Q+OFQ9+-H:A51/5;51L
/5G+07?2+OF5+12+OF5>Q.+0A;:/:>9
a#2+ 5;<:535.+ 2/>0+ H5IG+ %2701A29+ '5+ >5H:51/0+ 5.5
/21:/2+<0/5>1079
aV035+ ;F342+ OF5+ /5+ 3212I32G+ b>03:5709+ &1/5.+ OF5
*01/:0?29
a-.+3:5>/29
aP+<2>OF5+/5+3212I32+.Q+OF5+/5+.51/B.+;079
a'5+.:51/29
aP+OF5+/5+.5?F:>D.+.:1/:51A2+0.B+40./0+OF5+72+0A;:/0.9
aJF5A5+.5>9+J5>2+5.+A:EB3:79+-.+AF>29
aP0+.Q9
a*5+/>0/0+A5+*01/:0?29
a&49
aP+ .2C>5+ /2A2+ A5+ ;B9+ ^04G+ 12+ 5.+ /01+ 32;<7:30A29
J5>2+ 5.+ AF>29+ #2+ .Q+ OFQ+ ;5+ <0.0G+ %2701A29+ -.+ /5>>:C75
0A;:/:>729+J5>2+0+*01/:0?2+12+72+1535.:/29
a\P+A5.A5+3FD1A2+/5+.51/B.+0.B]
a#2+;5+<:A0.+E5340.9+P2+OFQ+.Q9+-.+0C.F>A29
a#2+72+307:E:OF5.+/2A0HB09
a-.+ 0C.F>A2G+ %2701A29+ *01/:0?2+ 12+ ;5+ 4:I2+ 10A09
gf
76
1/6/00, 14:26
*S72+ 305>+ <>5.29+ \cFQ+ /5+ <0>535]+ N5.<FQ.+ A5+ /2A2G+ \.5
<F5A5+4035>+0+07?F:51+07?2+<52>G+07?2+;D.+2;:12.2]+'5
4:I2+5.29+R06S+<>5.29+'5+0C01A21S9
a#2+/5+0C01A21SG+b>03:5709+*5+72+775H0>219
aP0+72+.Q9+J2>+5.2+/5+A:?2+OF5+5.+0C.F>A29+*Q+OF5+.5
72+775H0>21+6+.:1+5;C0>?2+;5+.:51/2+32;2+.:+;5+4FC:5.5
0C01A210A29
a\P+.5+72+>5<>234D.]
a#2G+ \3S;2+ H26+ 0+ >5<>234D>.572]+ o7+ .5+ <2>/S+ C:51G
A5;0.:0A2+C:51G+.2<2>/S+70+/2>/F>0G+EF5+H07:51/5G+12+A570L
/S+0+10A:59+-.+F1+5M5;<729
aP+.:1+5;C0>?29
aP+.:1+5;C0>?2+;5+45+:A2+075M01A29+P+70+75M01B0+;5
40+A0A2+>5.<:>2+<0>0+>5<0.0>+/2A0+1F5./>0+>5703:S19
acF5+5>0+CF5109
a^F51B.:;09
a\-1/2135.]
aP0+ 12+ 72+ 5.9+ o7+ .:?F5+ 5.3>:C:Q1A2;5+ 30>/0.+ 30>:=2L
.0.G+3D7:A0.G+/:5>10.G+<5>2+62+70.+752+32;2+.:+EF5>01+<0>0
2/>09+\J2AQ.+0370>0>;5+OFQ+40+<0.0A2]+\*5>D+OF5+70+3D>L
357+40+321H5>/:A2+0+*01/:0?2+51+2/>2+/:<2]+\*5>D+OF5+57
5K:7:2+;5+40+/>01.E2>;0A2+51+2/>0+;FM5>]
a$2A2+5.+<2.:C759+J5>2+/0;C:Q1+/2A2+<F5A5+32;<75L
;51/0>.59+P+51>:OF535>.59+P+;5M2>0>.59
aP2+12+45+;5M2>0A2+1:+;5+45+51>:OF53:A29+'5+.:51/2
;D.+ <2C>5G+ ;D.+ .5309+ P+ 12+ OF:5>2+ .5?F:>+ 5;<2C>53:Q1L
A2;5+1:+.53D1A2;59
ab>03:5709+\Z2.+.5?FB.+32;<0>/:51A2+70+03/:/FA+<27B/:L
30+A5+*01/:0?2]
aR70>29+-.+/0;C:Q1+70+;B0G+\12]+*S72+OF5+Q7+306S9+P
62+51+30;C:2+5./26+0OFB9
a\U5+>5<>234D.+72.+32;<>2;:.2.+OF5+321/>0M2]
a\-./D.+7232]+V:I2+72+OF5+40CB0+OF5+4035>9+ P2+/0;L
C:Q1+4:35+72+;B29+J2>+04B+H0.+;07+>F;C50A29+-1+5.2+5./FL
H:;2.+6+.5?F:;2.+F1:A2.9+N21A5+62+12+.:?2+F1:A0+5.+51
70+>5703:S1+A5+A2.9+#2+51+70+.23:07G+.:12+51+70+3216F?07G
\51/51AQ.]+-.2+<2>+72+;512.+72+/51?2+370>29+U2+OF5+12
/51?2+370>2+5.+57+;2/:H29+P+5.2+;5+01?F./:09+*:+*01/:0?2
gg
77
1/6/00, 14:26
;5+ 4FC:5>0+ 45342+ F10+ <2>OF5>B0G+ 2+ .:+ 72+ 4FC:5>0+ H:./2

4035>+ F10+ <2>OF5>B0+ 0+ 07?F:519+ J5>2+ 129+ -.+ F1+ /:<2+ A5
<>:;5>09+U507G+CF51+0;:?2G+CF51+32;<0=5>2G+CF51+;0>:L
A29+P+5./FH5+;F6+510;2>0A0+A5+Q79
a\P+Q7]
a$0;C:Q19+P+07+<0>535>+.:?F5+:?F079+U0+7230+.26+629
ab>03:5709+*2.+F10+;F340340+/2A0HB09+*2.+7:1A0G+.2.
:1/57:?51/5G+.2.+/:5>10+0+H535.9+cF:ID+72+OF5+534D.+A5+;5L
12.+.50+70+321/>0<0>/:A0G+70+>5/>:CF3:S1+0E53/:H09
a(6G+OFQ+A:EB3:79
a-.2+ OF5+ *01/:0?2+ 12+ <F5A5+ A0>/5+ <2>+ 32>>5.<21L
A513:0G+6+;512.+<2>+32>>5.<21A513:0+C0M2+351.F>09
a-.+<2.:C759
a\JF5A2+4035>/5+F10+<>5?F1/0+;F6+<5>2+;F6+:1A:.L
3>5/0]
aJ2AQ.9+P+/0;C:Q1+<F5A2+12+321/5./0>/59
aN5+03F5>A29
aZ51?0+<F5.9
a\*2=D.+321+2/>2.+42;C>5.]
a\cF5>Q.+A53:>+.F5=2.+0;2>2.2.]
a*B9
a\$5+>5E5>B.+0+.2=0>+A2>;:A0+2+0+.2=0>+A5.<:5>/0]
a&+0;C0.+32.0.9
aRF01A2+AF5>;2+12+.F5=2+321+1:1?@1+42;C>59
a\P+A5.<:5>/0]
aN5.<:5>/0+.B+.F5=29+$5+H0.+0+>5B>9+*F5=2+321+H2.9
gi
78
1/6/00, 14:26
N)#+%&h&-U+,U232.+7:1A2.+6+E52.8
*01/:0?2+;5+5.3>:C:S+6+5./D+C:519+V5+0<>51A:A2+0+755>
.F.+51/>57B150.+6+<2>+5770.+.Q+OF5+.:?F5+5./01A2+3F5>A29
':+/5;2>+40+.:A2+Q.59+#2+OF5+A570/5+2+.5+0E72M59+-.2+129
R>52+OF5+3212I32+0+;:+4:M29+':+/5;2>+40+.:A2+OF5+.5+A5.L
7:35+ A5.A5+ 70+ 32>AF>0+ 403:0+ OF:Q1+ .0C5+ OFQ9+ P0+ 72+ A:M2
F10+H5I+57+A:>53/2>+A57+J5107G+12+.Q+.:+57+@7/:;2+2+57+<5L
1@7/:;2W+X#2+12.+0/>5H:;2.+0+7:OF:A0>72.+0+/2A2.+3F01A2
/FH:;2.+ 70+ 2<2>/F1:A0AG+ 6+ 51+ 57+ EF/F>2+ /51A>5;2.+ OF5
.27/0>72.9+N5C5;2.+0<>2H5340>+57+/:5;<2+OF5+12.+OF5A0
<0>0+H27H5>72.+7232.Y9+J2>+72+;512.+EF5+E>0132G+\H5>A0A]
h>0132+ 6+ 0C653/29+ J5>2+ A5+ 07?@1+ ;2A2+ 5.0+ :;<@A:30
321E:A513:0+A:2+70+370H5W+5.+51+5772.G+72.+.0CF5.2.G+A21A5
406+ 07?2+ A5;513:079+ *21+ 5772.+ 72.+ OF5+ 0<>2H5340>21+ 57
/:5;<2+<0>0+5172OF535>.59+J5>2+12+.21+7232.+7:1A2.d+.21
7232.+A:.E2>;5.G+5.<5><Q1/:32.9+U232.+<2>+H2303:S1+6+7:L
C>5+57533:S1G+OF5+5.+70+E2>;0+;D.+:112C75+A5+723F>09+hF5L
>21+ C530A2.+ 0+ h2>/+ bF7:3r+ <0>0+ >53:C:>.5+ A5+ A5;51/5.9
&42>0+ C:51G+ 0F1OF5+ 0OF57+ A:>53/2>+ A57+ J5107+ A:M2+ 5.2
4035+;D.+A5+3:132+0=2.G+62+;5+.:?2+0E5>>01A2+0+70.+@1:L
30.+.5:.+<070C>0.+0<>2H5340C75.+A5+.F+5.3072E>:01/5+<>2L
?>0;0W+X-1+57+EF/F>2+/51A>5;2.+OF5+.27/0>72.Y9+N:?0;2.
OF5+0+*01/:0?2+/8(43($,63<+368/($("+%&+7$6"8(-&$/78(,&1
<+368/( "$( 8986,&/+7$7:( <5>2+ \5./0>D+ 51/>5+ 72.+ OF5+ .27/0L
>D1+01/5.+A5+OF5+5172OF5I301]+&.<:>2+0+OF5+.B9+*01/:0?2
40+72?>0A2+?515>0>G+2+OF:ID+A5.3FC>:>+51+.B+;:.;2G+ F10
5K/>0=0+ H:/07:A0A9+ *F+ A5.351.2+ 0+ 72.+ :1E:5>12.+ 12+ 72+ 40
:13:15>0A29+ R40;F.30A2+ /07+ H5I9+ J:51.2+ OF5G+ ;D.+ 0@1
OF5+0E:7:0>.5+0+F10+5.<5>01I0G+077B+72+OF5+3F51/0+5.+0E5L
>>0>.5+ 0+ 70+ 32>AF>09+ P+ Q7+ .:?F5+ 3F5>A29+ $232+ ;0A5>09+ P
<2>+70.+AFA0.+OF5+.50+.:1+<0/0.W+<2>+5M5;<72+5./0+3F340L
>0+A5+27:H2G+OF5+0A5;D.+5.+>5?072+A5+U6A:09+*:?F5+3F5>A2
<2>OF5+.5+40+:13>F./0A2+A5+;2A2+H27F1/0>:2+51+70+32>AFL
gj
79
1/6/00, 14:26
>09+P+5./D+A2.:E:301A2+<>FA51/5+6+.0?0I;51/5+.F.+2A:2.G
5.2+5.+A53:.:H29+U2.+2A:2.+H:H:E:301+6+5./:;F701+.S72+.:+5.
F12+OF:51+72.+?2C:5>10d+A5./>F651+6+A5.0MF./01+3F01A2
.21+ 5772.+ 72.+ OF5+ 12.+ A2;:1019+ *Q+ OF5+ 5.+ A:EB3:7+ /515>
.51/:A2+32;@1+3F01A2+.5+40+<0.0A2+<2>+70+4F;:7703:S1+6
57+;F/:.;2+5;<53:10A2+6+57+0.32+0+70+;F5>/5+6+70+070>;0
.:1+/>5?F0+6+57+<0H2>+.27:A0>:2+6+57+;0>/:>:2+51+:13S;2A0.
3F2/0.9+ $>0.+ 5.5+ :/:15>0>:2G+ 0E5>>0>.5+ 0+ 70+ 32>AF>0+ <F5A5
.5>+ F10+ E2>;0+ A5+ A57:>:29+ *S72+ 0.B+ <F5A5+ 5K<7:30>.5+ 5.0
;03403210+7507/0A+07+5OF:7:C>:29+P+/0;C:Q1+<2>+72.+<>:1L
3:<:2.G+ 370>29+ J5>2+ 4FC2+ ?51/5.+ 321+ ;F342.+ 6+ .S7:A2.+ 6
A5370>0A2.+ <>:13:<:2.G+ OF5G+ .:1+ 5;C0>?2G+ E70OF50>21+ 6
A5.<FQ.+ .5+ .:1/:5>21+ 32;2+ 57+ 3F729+ b51/5.+ 0+ 70.+ OF5+ 12
51MF:3:2G+OF5+5./2+OF5A5+6+;5+OF5A5+C:51+370>2G+<2>OF5
F12+12+.0C5+OF:Q1+5.+>507;51/5G+3FD1+:13:15>0C75+2+:1L
32;CF./:C75+5.G+40./0+OF5+12+<0.0+<2>+07?F10+42?F5>09
N:?2+.:135>0;51/5+OF5+72.+<>:13:<:2.+.21G+<2>+.F<F5./2G
F1+575;51/2+EF1A0;51/07G+<5>2+.S72+F129+-7+>5./2+5.+>5.L
<5/2+0+.B+;:.;2G+E:A57:A0A+0+72.+A5;D.G+6+.2C>5+/2A2+;FL
342+5;<53:10;:51/2G+;F340+/5>OF5A0A+51+C>F/2G+6+/0;L
C:Q1G+.5+;5+23F>>5+042>0G+F10+<>2?>5.:H0+A5.;:/:E:303:S1
A5+70+;F5>/59+J2>OF5+Q./5+5.+51+A5E:1:/:H0+57+0>?F;51/2
;D.+321/F1A51/5+6+/070A>01/5+OF5+5.?>:;51W+70+<2.:C:7:L
A0A+3:5>/0G+70+32;<0>53513:0+?51F:10+A5+70+;F5>/5G+<5>2
12+F10+;F5>/5+3F07OF:5>0G+.:12+70+;F5>/5+<>2<:09+P+.S72
>5C0MD1A270+01/5+.B+;:.;2G+.S72+;F/:7D1A270+A5+.F+75?51L
A0>:0+ >5<F/03:S1G+ <F5A5+ 57+ 42;C>5+ ?010>+ 57+ E2>35M529
R21H5135>.5+A5+OF5+;2>:>+12+5.+A5.<FQ.+A5+/2A2+/01+M2L
A:A2+.:+.5+;F5>5+C:51G+.:+.5+;F5>5+.:1+>53572.+321/>0+F12
;:.;29+#2+2C./01/5G+.5+;5+23F>>5+,0+;B+OF5+1F130+<0.Q
<2>+5.5+>:5.?28+OF5+12+A5C5+.5>+ED3:7G+<2>OF5+51+F10+32L
6F1/F>0+ 0.B+ F12+ 5./D+ 5.<01/2.0;51/5+ .272G+ 1:+ .:OF:5>0
032;<0=0A2+<2>+70+<>5.513:0+;F?>:51/0+A57+/5342+2+70.
<0>5A5.G+1:+<2>+72.+>2./>2.+:1;F1A2.+A5+OF:515.+72+A5.L
/>2I01d+ 5./D+ .272+ 321+ .F+ 30<F340G+ 2+ ;D.+ 5K03/0;51/5
321+57+>5HQ.+A5+70+0><:775>0d+.272+321+.F+/0OF:30>A:0G+.F.
0>30A0.G+ .F+ 0.E:K:0+ 2+ .F+ 01?F./:0+ .:1+ E:19+ -.+ 370>2+ OF5G
3F01A2+ 5.2+ 030C0G+ 3F01A2+ 5.2+ 32137F65+ 6+ .5+ 5.+ 321.L
ik
80
1/6/00, 14:26
3:51/5+A5+OF5+.5+.2C>5H:H5G+A5C5+OF5A0>75+0+F12+F1+.5A:L
;51/2+ A5+ A:?1:A0A+ 6+ /0;C:Q1+ F1+ .0>>2+ <5>;0151/5+ A5
>5132>9+&7?2+OF5+1F130+;D.+.5+<5>A5>DG+0F1OF5+57+0;C:L
?F2+ EF/F>2+ A5<0>5+ .5?F>:A0A5.+ 6+ 321E:01I0.+ 6+ 0;2>+ 6
<0.2+E:>;59+(1+.0>>2+A5+>5132>+OF5+<F5A5+H27H5>.5+51AQL
;:32+ 6+ 40./0+ 775?0>+ 0+ 321/0;:10>+ 70.+ .5?F>:A0A5.+ 6+ 70.
321E:01I0.+6+57+0;2>+6+57+<0.2+E:>;5G+/07+H5I+32;<0?:10L
A2.+51+;D.+A5+F1+EF/F>2+:1A:H:AF079+)+.50+OF5+5./2.+:;L
<7030C75.G+5./2.+<5>:/2.+A5+70+.5H:3:0G+5./2.+301BC075.+:1L
5.<5>0A2.G+ 5./2.+ 4:5>2E01/5.+ A5+ 70+ *0?>0A0+ )>A51+ A57
R5<2G+12+.S72+/:5151+F10+3F7<0+03/F07G+.:12+/0;C:Q1+F10
<>26533:S1G+ OF5+ >2I0+ 57+ :1E:1:/2G+ A5+ 5.0+ 3F7<09+ #2+ .S72
.21+ >5.<21.0C75.+ A5+ 30A0+ :1OF:10+ :1A:H:AF079+ )+ A5+ 70
.F;0+ A5+ 5.0.+ :1OF:10.G+ .:12+ /0;C:Q1+ A5+ 40C5>+ <2A>:A2
72.+ H:5M2.+ 3:;:51/2.+ A5+ F10+ .23:5A0A+ 51/5>09+ RF01A2
.F<7:3:01+ 0+ F1+ 42;C>5G+ 72+ ;0/51+ 2+ 12G+ ;0>/:>:I01+ /0;L
C:Q1+,0F1OF5+12+72.+513:5>>51G+0F1OF5+72.+A5M51+A5.0;L
<0>0A2.+ 6+ 0/S1:/2.+ 51+ .F+ 30.0+ H:270A08+ 0+ .F+ ;FM5>G+ .F.
<0A>5.G+.F.+4:M2.G+.F+H:A0+A5+>5703:S19+RF01A2+>5H:51/01
0+F1+;:7:/01/5+,32;2+EF5+57+30.2+A5+*01/:0?28+6+5;<FM01
0+.F+E0;:7:0+0+F1+5K:7:2+:1H27F1/0>:2G+A5.?0>>01+57+/:5;<2G
/>0./>F5301+ 70+ 4:./2>:0+ <0>0+ 5.0+ >0;0G+ <0>0+ 5.5+ ;B1:;2
37019+%52>?01:I0>.5+51+57+5K:7:2+12+5.G+32;2+/01/0.+H535.
.5+A:35G+5;<5I0>+0+321/0>+A5.A5+35>2G+.:12+A5.A5+;512.
3F0/>2+ 2+ ;512.+ H5:1/5+ 2+ ;512.+ 3:519+ U2.+ :;<7030C75.G
72.+ OF5+ ?010>21+ .F.+ ?07215.+ 51+ 70+ 3>F57A0A+ ;:7:/01/5G
5.2.+ OF5+ 5;<5I0>21+ .:51A2+ <F>:/012.+ 6+ 030C0>21+ 51
32>>F</2.G+Q.2.+0C>:5>21+F1+512>;5+<0>Q1/5.:.+51+0OF5L
770+ .23:5A0AG+ <0>Q1/5.:.+ OF5+ .5?F>0;51/5+ .5+ 35>>0>D+ 07L
?@1+AB0G+3F01A2+60+10A:5+.5>D+30<0I+A5+>5/2;0>+57+4:72
A5+70+01/:?F0+2>03:S19+V0C>D+OF5+5;<5I0>+0+/5M5>+2/>0G+0
32;<0?:10>+2/>0+51+OF5+70.+<070C>0.+12+.5>D1+70.+;:.;0.
,<2>OF5+/0;C:Q1+4FC2+7:1A0.+<070C>0.+OF5+5772.+/2>/F>0L
>21+ 2+ 0MF./:3:0>21+ 2+ :137F65>21+ 51+ 70.+ 1S;:10.+ A5+ A5.L
0<0>53:A2.8G+ 51+ 70+ OF5+ 72.+ .FM5/2.+ 6+ 70.+ <>5<2.:3:215.+ 6
72.+H5>C2.+/>01.:/:H2.+6+72.+32;<75;51/2.+A:>53/2.G+60+12
.5>D1+72.+;:.;2.9+V0C>D+30;C:0A2+70+.:1/0K:.+51+5.0+.2L
3:5A0A+ /2A0HB0+ 1210/0+ OF5+ 51+ 5.5+ 51/2135.+ 0<0>535>D
i!
81
1/6/00, 14:26
32;2+A5C:7F340G+01Q;:30G+H03:701/5G+5K35.:H0;51/5+30FL
/572.0G+<5>2+321+57+/:5;<2+:>D+>532;<21:Q1A2.5G+:1H51L
/01A2+1F5H0.+>5?70.+6+1F5H0.+5K35<3:215.G+<070C>0.+E70L
;01/5.+A5.A5+70.+351:I0.+A5+70.+<>5;0/F>0;51/5+3073:10L
A0.G+ 321MF13:215.+ 32<F70/:H0.+ ;D.+ 0A53F0A0.+ <0>0+ .5>L
H:>+A5+<F51/5+51/>5+72.+OF5+.5+OF5A0>21+6+0OF5772.+OF5
.5+EF5>21+6+51/2135.+H27H5>D19+J5>2+10A0+<2A>D+.5>+:?F07
0+70+<>54:./2>:0+A57+.5/51/0+6+/>5.9+J0>0+;5M2>+2+<0>0+<52>d
12+ 5./26+ .5?F>29+ P+ ;512.+ .5?F>2+ 5./26+ A5+ <2A5>+ 40C:L
/F0>;5G+.:+07?@1+AB0+>5?>5.2G+0+5.5+<0B.+A:./:1/2+OF5+042L
>0+.5+5./D+?5./01A2+51+70+/>0./:51A0+A5+72+<>24:C:A29+*BG
5.+<>2C0C75+OF5+57+7343S+"+8(.50+/01+AF>2+32;2+57+5K:7:29
U0+1F5H0+.23:5A0A+12+.5>D+75H01/0A0+<2>+72.+H5/5>012.
32;2+ 62G+ 1:+ .:OF:5>0+ <2>+ 72.+ MSH515.+ ;0AF>2.+ 32;2
%2701A2+ 2+ b>03:5709+ *2;2.+ .2C>5H:H:51/5.G+ 370>2G+ <5>2
/0;C:Q1+ 45>:A2.+ 6+ 321/F.2.9+ -772.+ 6+ 12.2/>2.9+ \*5>D+ 75L
H01/0A0+51/2135.+<2>+72.+426+1:=2.G+32;2+;:+1:5/0]+#2
72+.QG+12+72+.Q9+cF:ID+72.+2E:3:01/5.G+72.+4035A2>5.+A5+5.0
<0/>:0+ <51AF70>+ 6+ <53F7:0>+ .501+ 72.+ OF5+ 426+ .21+ 1:=2.
<5>2+.:?F51+51+57+<0B.9+#2+72.+;F34034:/2.+6+;F34034:L
/0.+OF5+/>05>D1+51+70+>5/:10+1:5H5.+A5+).72+2+0/0>A535>5.
A57+ '5A:/5> >D152+ 2+ <:>D;:A5.+ A5+ $52/:4F03D1+ 2
;2/215/0.+ A5+ 70+ Z:0+ &<<:0+ 2+ 3:572.+ 15?>2.+ A57+ :1H:5>12
.F5329+$0;<232+72.+;F34034:/2.+6+;F34034:/0.+OF5+/>0:L
?01+51+70+;5;2>:0+0+72.+1:=2.+;51A:?2.+A5+70+&70;5A0G
2+ 0+ 72.+ A>2?0A:3/2.+ A57+ cF0>/:5>+ U0/:1G+ 2+ 70+ C2>>0345>0
321.F;:./0+ A5+ R0>030.+ 2+ 57+ /5M5>0I2+ A5+ '0A>:AG+ 2+ 70.
07?0>0A0.+15210I:.+A57+;:70?>2+075;D19+&+72+.F;2+<F5A5
OF5+06FA51G+OF5+32;F1:OF51+72+0<>51A:A2G+OF5+<>5?F1L
/51+ <2>+ 72+ A5.0<>51A:A2G+ OF5+ :1/51/51+ 0A0</0>.5+ 6+ C>5L
?0>9+ J5>2+ OF:515.+ E2>M0>D1+ 57+ 1F5H2+ 6+ <53F7:0>+ <0B.+ A57
;5A:0/2+EF/F>2G+5.0+<0/>:0+OF5+5.+/2A0HB0+F1+51:?;0G+.5L
>D1+ 72.+ <@C5>5.+ A5+ 426G+ 72.+ OF5+ 5./FH:5>21+ 6+ 5./D1+ 077BG
72.+ OF5+ A5.A5+ F10+ S</:30+ :1E01/:7+ <5>2+ 10A0+ 0;1Q.:30G
H:5>21+ CF510+ <0>/5+ A5+ 70.+ AF>0.+ >5E>:5?0.+ 6+ 3S;2+ 2/>2.
0A275.351/5.G+72.+A57+.5.51/0+6+1F5H5+6+A57+.5/51/0G+5>01
03>:C:770A2.+ 32;2+ 515;:?2.G+ 6+ 3S;2+ .5+ 775H0>21+ 0+ .F.
<0A>5.+6+/B2.+6+0+H535.+0+.F.+;0A>5.+6+40./0+0+.F.+0CF5L
iT
82
1/6/00, 14:26
72.+6+.S72+;F342+;D.+/0>A5+H27HB01+0+H5>72.G+<5>2+/>0.+70.
>5M0.+2+A5.A5+75M2.+2+/0;C:Q1+A5.A5+F10+<>2K:;:A0A+45L
340+A5+:132;F1:303:S1+6+75M01B09+P+H:5>21+772>0>+6+772>0L
>21+ 5772.+ ;:.;2.+ MF1/2+ 0+ 0/0@A5.+ OF5+ 5./0C0+ <>24:C:A2
0C>:>G+ 6+ H:5>21+ 3S;2+ A5.<FQ.+ H:12+ 57+ .:7513:2+ 0/>210A2>
51+70.+5.OF:10.G+6+70.+/:M5>0.+51+57+30C5772+6+51+57+A:D72?2G
6+ 5.2+ .BG+ ;F342+ 68-^( 6+ B&^3*8S34(6+ />0?0;215A0.+ <0>0
OF5+ 27H:A0>01+ 72+ :127H:A0C759+ #2+ .Q+ 3S;2+ 1:+ 3FD1A2G
<5>2+ 5.2.+ C2/:M0.+ A5+ 426+ .5>D1+ 70+ H01?F0>A:0+ A5+ F10
<0/>:0A0+ >507:./09+ \P+ 12.2/>2.+ 72.+ H5/5>012.]+ \#2.2/>2.
70.+30>>2I0.G+32;2+A:351+72.+?0:/0.]+^F512G+72.+OF5+<0>0
51/2135.+ /2A0HB0+ 5./5;2.+ 7@3:A2.G+ 12.2/>2.+ 70.+ 30>>2I0.
OF5+/2A0HB0+>2A5;2.G+12.2/>2.+75.+06FA0>5;2.+0+>532>L
A0>+72+OF5+H:5>219+P+/0;C:Q1+72+OF5+12+H:5>219
i[
83
1/6/00, 14:27
-l"U")*+,U0+.275A0A+:1;SH:78
!(28D+$:(L&";$6+$:(D&3($(7$6(Y0:(936+87+4,$:(3S936,8(3/
$4&/,84(+/,36/$-+8/$"34:(-8663498/4$"(73(&/(7+$6+8(*Q";$1
68(3/(`8/,3<+7380(!(6$'=(73(&/$(73("$4(,$/,$4($66353,+1
7$4(73"(6A;+53/()$*'$(,3/+78(%&3(3S+"+$643(3/(!6;3/,+/$:
78/73(<+<+.(4+3,3(53434:(9368(,6$4(3"($434+/$,8(73(q3"5$6
`+-)3"+/+(?(O&,+A663=(P&+=:(,$5*+A/("$(!6;3/,+/$(43(<8"1
<+.(+/)$*+,$*"3(9$6$("84(3S+"+$784(&6&;&$?840(L$B8("$(9681
,3--+./(73("$4(N$-+8/34(i/+7$4:(4$"+.()$-+$(>&*$(?(73473
$""'($(L&";$6+$0
M+<'$(48"8:("3B84(73(4&(5&B36(?(73(4&4()+B84:(9368(43;&1
6$53/,3( )$*'$( )3-)8( $5+;84( 3/,63( "84( *Q";$684:( ;3/,3
-#"+7$( ?( $-8;3786$:( $5+;$( 73( "84( ,6$;84( /8*"34( ?( 43/,+1
53/,$"34:(?()$*6#(7+4D6&,$78(73(34$4(+/-63'*"34($<3/+7$4:
-8/(-$/,3684(73(684$4:(%&3(43(3/-&3/,6$/($("8("$6;8(?($("8
$/-)8( 73( 34$( "+/7$( ,+366$( %&3( 34( "$( 73( U+5+,68<:( -"$68:
9368(,$5*+A/("$(73(5+($5+;8(M$4+"(@898<:(%&3()$-3(5#4
73(7+3=($K84(34-6+*+.(?(9&*"+-.(&/(-&3/,8(5&?(,+36/8(481
*63(784(,&9$5$684(%&3(3/-8/,6.(&/$(<3=(3/(3"($4-3/486
73(&/()8,3"()$*$/3680
2':( 43;&6$53/,3( 43( )$*6#( $-84,&5*6$78( $"( ?8;)8&6,
VD3653/,84(-$4&$"53/,3(*Q";$684W(?($("84(98934(?($"(-$DA
$("$(,&6-$:(%&3($(5'(53(634&",$(+/48986,$*"30(@368($&/($4'
)$*6#(43/,+78("$(+/%&36+7$()&5+""$-+./(73(34,$6(48"8(?(73
5+6$643( -8,+7+$/$53/,3( $"( 3493B8( -8/( /&3<8( $485*68( ?
<+3B$(634+;/$-+./0
>&$/78($(537+$784(73(GHII(""3;&A($(28D+$(9$6$($4+41
,+6($"(C/-&3/,68(73(C4-6+,8634(986("$(@$=:()$-'$(98-84(7'$4
%&3(Y0:(,$/(936+87+4,$(A":()$*'$(4+78(/8,+-+$0(>858(,87$4
"$4(,$6734:()$*'$(""3;$78($(4&($9$6,$53/,8:(968*$*"353/1
,3( 43( $-84,.:( ?( 4."8( 43( 4&98( 73( A"( <$6+84( 7'$4( 7349&A4:
-&$/78( 4&4( -859$K3684( 73( ,6$*$B8:( 3S,6$K$784( 986( 4&
$&43/-+$:( D&368/( $( ;8"93$6( $( 4&( 9&36,$( ?:( $"( /8( 8*,3/36
i`
84
1/6/00, 14:27
6349&34,$:(,6$B368/($("$(98"+-'$(9$6$(%&3("$($*6+36$0
C4,$*$(3/(4&(-$5$:(-8/(<+7$($Q/:(9368(?$(4+/(43/,+780
i/( -8"$948( "3( )$*'$( 968<8-$78( &/$( )35+9"3B+$0( Y$-'$
986("8(53/84(,634(7'$4(%&3(34,$*$(3/(343(34,$780(U3(/$7$
<$"+368/("84(-&+7$784(+/,3/4+<840
C/(6+;86:(/8(5&6+.(73()35+9"3B+$:(4+/8(73(48"37$70(F84
5A7+-84(7+B368/(%&3(4+(43("3()&*+36$(3/-8/,6$78($(,+351
98:(43;&6$53/,3()$*6'$(48*63<+<+780(>&$/78(4&4($5+;84
"8()$""$68/:(?$()$*'$(9367+78(3"(43/,+78:(9368(43(4&98/3
%&3(986("8(53/84(7&6$/,3(<3+/,+-&$,68()86$4(4&98(%&A("3
34,$*$( 8-&66+3/780( C4( 7348"$786( ,6$,$6( 73( +/,687&-+653:
+/<3/,#/78"84:(3/(4&4(93/4$5+3/,84(73()85*63(+/58<+"+1
=$780(N8(<8?($(+/,687&-+653:(986(63493,8:($&/%&3(%&+=#
34,&<+36$(3/(9$6,+-&"$634(-8/7+-+8/34(73()$-36"84(<3684'1
5+"340
i/( 9$6( 73( $K84( $/,34:( 3/( 5+( 3S+"+8( 986,3K8:( 3/( 5+
$9$6,$53/,8( 73( 48"8( 3/( F$4( Y36$4( ?( @&3?6637./:( 9$4A
986( &/( ,6$/-3( *$4,$/,3( 9$63-+780( U&6$/,3( &/( 7'$( 3/,368
34,&<3(435+(+/-8/4-+3/,3:(9634$(73"(""$5$78(5$"($45#,+1
-80(23;Q/(9$63-3:($";&/84($5+;84(53(,3"3D8/3$68/:(9368
?8(/8(53(3/,36A:($&/%&3(,3/'$(3"(,3"AD8/8(48*63("$(-$5$0
23;&6$53/,3(-63?368/(%&3(/8(34,$*$0(C/($%&3""84(4851
*6'84( 53434( 73( "$( !6;3/,+/$( 73( F.93=( P3;$:( -&$/78( 3/
-$7$( B86/$7$( $9$63-'$/( 7+3=( 8( <3+/,3( -$7#<3634( 3/( "84
*$4&6$"34:( 36$( D63-&3/,3( %&3( 5&-)84( 73( /848,684:( 3/
-+36,$4( /8-)34( 9$6,+-&"$653/,3( +/%&+3,$/,34:( 7&65+A6$1
584(3/(-$4$4(73($5+;840(C/(5+(""$<368(4+35963()$*'$(986
"8(53/84(,634(""$<34(48"+7$6+$40
C/("$(,$673(63-&936A(<$;$53/,3("$(-8/-+3/-+$:($,3/7'
&/$( ""$5$7$:( 4."8( &/$:( "&3;8( <8"<'( $( )&/7+6530( !%&3"
Q/+-8($735#/($"-$/=.(9$6$(4$"<$6530(Y0(/+(4+%&+36$(,&<8
34$(984+*+"+7$70(F$(48"37$7("8()$*'$(73B$78(+/5.<+"0
ie
85
1/6/00, 14:27
-U+)$%)+,$:/F70>+6+.F<751/58
(1+>062+70+^50/>:3:/0G+04+.:+70+H:5>0+*01/:0?2G+%2701A2
.0C5+OF5+Q.5+A5C5+40C5>+.:A2+57+5K0;51+;D.+AF>2+<0>0
0OF57+/>0?0+E0;2.29+&=2.+.:1+^50/>:IG+OF:Q1+.0CB0+3FD1L
/2.9+ &42>0+ 406+ 07?F10+ 5.<5>01I0G+ <5>2+ 51/2135.9+ R70>2
OF5+ *01/:0?2+ /51A>D+ H0>:2.+ 2/>2.+ >FC>2.+ A5+ 12./07?:0G
b>03:570+ 51/>5+ 5772.+ <2>+ .F<F5./2G+ <5>2+ 72+ ;D.+ C>0H2
A5C5+.5>+72+A5+^50/>:IG+<2>OF5+3F01A2+306S+>53:Q1+5;<5L
I0C0+0+A:.E>F/0>709+#2+;F342G+370>2G+<2>OF5+EF5>21+0=2.
/>5;51A2.G+ <5>2+ A5+ 3F07OF:5>+ ;015>0+ 30A0+ A2.+ 2+ />5.
AB0.+ .5+ 403B0+ F1+ >0/:/2+ <0>0+ H5>70G+ 6+ 70+ />0B0+ 0+ 70+ 30;0
?>01A5+ 6+ 72OF50C0+ F1+ >0/2+ 321+ 70+ <:C0G+ OF5+ A5.A5+ OF5
5>0+F1+?2>?2M2+EF5+0H:.<0AB.:;09+*01/:0?2+.B+OF5+5>0+<0L
A>5+ A5+ H2303:S1G+ 12+ 32;2+ Q7G+ %2701A2+ &.F5>2G+ )$*+,&A
A5+OF:72;C2.+51+<>:;5>0+:1./013:0G+A5+0;F5C70A0.+A5.L
<FQ.G+51+>507:A0A+EF5+70+<27B/:30+70+OF5+030CS+321+.F+70/:1
0;5>:301+ v06+ 2E+ 7:E5G+ 406+ OF5+ H5>+ OF5+ 51+ 72.+ @7/:;2.
/:5;<2.+40./0+70.+0;F5C70A0.+5>01+F.0A0.+<0>0+321/03L
/2.+ 3701A5.G+ OFQ+ A5.<5>A:3:2G+ Q7+ .:5;<>5+ .51/B0+ F1+ <232
A5+H5>?_51I0+A5+12+OF:/0>.5+1:+70+30;<5>0+6+A5+/515>+OF5
>5.<5/0>+ 0+ 70+ 32;<0=5>0+ A5+ >:?2>+ ,/01?2+ 40C5;F.W+ 53
-$-)3/7+A:( %&A( ;+"8( 51+ 0OF57+ 0;C:51/0342+ A5+ M27?2>:2
37D.:32G+ CF512+ 07?F10+ H5I+ 57+ 321/5K/2+ <FA2+ ;D.+ OF5+ 57
/5K/2G+ A5+ /2A2.+ ;2A2.+ .:5;<>5+ 75+ <0>53:S+ OF5+ 5>0+ F1
0CF.2+A5+0F/2>:A0A+<2>+<0>/5+A5+72.+:>>5.<21.0C75.+%5.L
<21.0C75.G+ <2>OF5+ 70.+ 32;<0.+ <2>+ 72+ ?515>07+ 5./0C01
CF51B.:;0.+6+F12+/51B0+OF5+5./0>+/01+0/51/2+0+12+5K3:/0>L
.5G+/01+A5A:30A2+0+<51.0>+51+C72OF5.+A5+4:572+6+3F;C>5.
15H0A0.G+OF5+A5.<FQ.+40./0+.5+27H:A0C0+A57+;51.0M5+>5L
3:C:A2+6+0+/>01.;:/:>9
(1+>062+70+^50/>:3:/09+V26+40CB0+5./0A2+F1+CF51+>0/2
340>701A2+ 321+ 5770G+ ;:51/>0.+ 0;C2.+ 5.<5>0C01+ 0
b>03:5709+&+%2701A2+75+51301/0+3S;2+70+?F>:.0+40C70+A5
if
86
1/6/00, 14:27
70+;0A>5G+6+3S;2+70+/:515+E:340A0G+6+3S;2+75+321235+70.
:15K<F?10C:7:A0A5.+6+72.+<F1/2.+HF715>0C75.9+J5>2+72+3FL
>:2.2+5.+OF5+72+A:35+.:1+H01:A0AG+.:1+<5/F7013:0G+;D.+C:51
321+F1+>:?2>+30.:+3:51/BE:329+-.+370>2+OF5+5.5+>:?2>+.5+5.EFL
;0+3F01A2+5;<:5I0+0+40C70>+A5+*01/:0?29+U2+40+51A:2L
.0A29+ V26+ 03>:C:77S+ 0+ %2701A2G+ 0+ /B2+ %2701A2+ ,<0>0+ 5770
/2A2.+72.+0;:?2.+6+0;:?0.+A5+b>03:570+.21+,'848G+<>5?F1L
/D1A275+.2C>5+57+J5107G+.2C>5+3S;2+.5>B01+70.+357A0.G+.2L
C>5+.:+.5>D+3:5>/2+OF5+.5+H5+57+3:572+,Q7+A:35+OF5+.BG+<5>2
5770G+0+72+;5M2>+5.+<0>0+OF5+b>03:570+6+62+12+772>5;2.8+6
<2>+ OFQ+ 5K03/0;51/5+ 5./0C0+ <>5.2+ .:+ /01/2+ b>03:570
32;2+Q7G+57+/B2+%2701A2G+0.5?F>0C01+OF5+5>0+/01+CF512+6
OF5>B0+/01/2+0+.F+<0/>:09+P+04B+.5+40CB0+30770A2+F1+>0/:/2
<0>0+ <>5?F1/0>75+ A5.<FQ.G+ 321+ 72.+ 2M2.+ 51/>535>>0A2.G
321351/>0A0+ 51+ F10+ <>523F<03:S1+ OF5+ .:1+ AFA0+ 12+ 5>0
1F5H0G+ /B2+ 3FD7+ 5.+ 5+( <0/>:0G+ 70+ /F60+ 60+ .Q+ OF5+ 5.+ (>FL
?F06G+<5>2+62+A:?2+51+5+(30.2+OF5+H:15+34:OF:/0+A5+077DG
54G+A53:;5+A5+H5>0.G+3FD7+5.+ 5+(<0/>:09+ P+ 3F01A2+ A53B0
5+(.5+/230C0+57+<5342+321+57+B1A:35G+6+Q7+40CB0+/51:A2+OF5
30>>0.<50>+6+40./0+.210>.5+70+10>:I+<0>0+A0>.5+/:5;<2+6
7F5?2+A53:>75+OF5+<F5A5+40C5>+<5>.210.+6+.2C>5+/2A2+1:L
=2.+ OF5+ /51?01+ A2.+ <0/>:0.G+ F10+ /:/F70>+ 6+ 2/>0+ .F<751/5G
<5>2+70+?F>:.0+0+:1.:./:>+3FD7+5>0+51/2135.+.F+<0/>:0+/:/F70>
6+Q7+5.2+5./D+370>2+/F+<0/>:0+/:/F70>+5.+(>F?F06G+6+70+?F>:.0
0+;5/5>+51/2135.+57+A5A:/2+51+70+770?0+6+<2>+OFQ+51/2135.
12+;5+03F5>A2+10A0+A5+;:+<0/>:0+/:/F70>+6+51+30;C:2+.Q
;F340.+ 32.0.+ A5+ ;:+ <0/>:0+ .F<751/59+ P+ ;512.+ ;07+ OF5
MF./2+04B+775?S+b>03:570+6+0C>:S+70+<F5>/0+,<2>OF5+5./0C01
5.<5>01A2+MF1/2+0+70+H51/010+6+.:1+<2A5>+51/>0>8+6+EF5+0
70H0>.5+ 70.+ ;012.+ 6+ 0+ <5:10>.5+ F1+ <232+ 6+ 75+ 2>A51S+ 0
^50/>:I+OF5+/0;C:Q1+.5+70H0>0+70.+;012.+6+70+?F>:.0+OF5
60+;5+70.+70HQ+07+;5A:2AB0+6+b>03:570+;21/01A2+51+3S75L
>0+ 6+ 775HD1A270+ A5+ F1+ C>0I2+ 40./0+ 57+ 70H0C2+ 321+ 3:5>/0
C>F.OF5A0A+ 6s2+ :;<03:513:0G+ 6+ >5?>5.01A2+ 0?:/0A0+ 0
A21A5+5./0C0+%2701A2G+.51/0A2+51+70+;535A2>0G+;:>D1L
A272+32;2+.:+.S72+042>0+0AH:>/:5>0+.F+<>5.513:0+6+A:3:Q1L
A275+ 4270+ 321+ F10+ H2I+ 301.0A0+ 5+ :1A5E51.0+ OF5+ .S72
75M010;51/5+.5+<0>53B0+0+70+.F609
ig
87
1/6/00, 14:27
"#$%&'(%)*+,-7+C07150>:28
#2+ .Q+ <2>+ OFQ+ 426+ 5./FH5+ >5;5;2>01A2+ 70>?0;51/5
72.+H5>012.+51+*27B.9+->0+7:1A2+57+>0134:/2+6+/01+35>30+A5
70+<70609+&+H535.G+3F01A2+;5+<21?2+:;<03:51/5+2+>0C:2L
.2G+ <:51.2+ 51+ 70.+ AF10.+ 6+ ;5+ />01OF:7:I29+ -1+ 0OF5770.
/5;<2>0A:/0.+ /01+ 307;0.G+ /01+ <0>53:A0.+ 0+ 70+ E57:3:A0AG
\OF:Q1+ :C0+ 0+ <51.0>+ OF5+ A5.<FQ.+ H51A>B0+ /2A2+ 72+ OF5
H:12]+ %53F5>A2+ 3F01A2+ .FC:;2.+ 0+ 70+ *:5>>0G+ 6+ 3F01A2
12.+51321/>0;2.+321+*21:0+6+%FC51G+6+3F01A2+07OF:7DL
C0;2.+ 72.+ 30C0772.+ H2.+ /5+ 5./0C:7:I0C0.+ 51+ 57+ />2/5+ 6+ 12
72?>0C0.G+<5.5+0+/F.+S>A515.+6+0+/F.+5.EF5>I2.G+OF5+57+<:1L
?2+5;<>51A:5>0+57+?072<5G+6+51+321.53F513:0+OF5A0C0.
>5H51/0A09+*:1+5;C0>?2G+12+.S72+;5+03F5>A2+A5+5.2.+A5L
/0775.+ 32./5=2LCF3S7:32.d+ /0;C:Q1+ /51?2+ <>5.51/5+ 3:5>/0
.51.03:S1+ A5+ :132;2A:A0A+ OF5+ 12+ ;5+ A5M0C0+ A:.E>F/0>
<7510;51/5+A5+0OF57+.2C>:2+321E2>/+A5+/>5.+.5;010.9+\$5
032>AD.+A5+OF5+72+40C70;2.+F10.+3F01/0.+H535.G+3F01A2
57+0/0>A535>+30B0+.2C>5+57+>0134:/2+6+70+42>0+A57+D1?57F.
12.+ <21B0+ ;57013S7:32.+ 6+ 40./0+ F1+ <232+ .2;C>B2.]+ *BG
1F5./>2+ 321E2>/+ 5>0+ /5>>:C75;51/5+ 0F./5>2G+ 1F5./>2+ A5.L
301.2+ 5>0+ C0>0/B.:;2+ 6+ 10A0+ 2./51/2.2G+ 6+ .:1+ 5;C0>?2
<51.DC0;2.+51+72.+OF5+12+/51B01+10A0G+1:+/>0C0M2+1:+<01
1:+H:H:51A0G+1:+;F342+;512.+F10+42>0+5.<53:07+<0>0+70
;5701327B0+<2>OF5+.F+0;0>?F>0+5>0+A5+/:5;<2+32;<75/29
P+0.B+/5>;:1DC0;2.+51+.:7513:2G+.:1+.27F3:215.+0+70+H:./0G
<5>2+ .:1/:Q1A212.+ H0?0;51/5+ 3F7<0C75.9+ PG+ 370>2G+ 0+ 70
;0=010+ .:?F:51/5G+ 3F01A2+ 57+ 0:>5+ E>5.32+ 6+ .072C>5+ 6+ 57
<>:;5>+ .27+ <515/>0C01+ A5.A5+ /5;<>012+ 51+ 57+ >0134:/2G
01/5+5.5+H:./2+CF512+A5+70+10/F>075I0+.5+12.+:C0+70+;FE0
6+H27HB0;2.+0+.51/:>12.+<7512.+6+2</:;:./0.+6+H2.+/5+A5A:L
30C0.+0+MF1/0>+30>03275.+6+62+0+01A0>+51+C:3:375/0+<2>OF5
60+51+0OF5772.+0=2.+H2.+0>?F;51/0C0.+OF5+62+/51B0+3:5>L
/0+/51A513:0+0+70+<01I0G+6+60+H5.G+401+<0.0A2+F12.+3F01L
ii
88
1/6/00, 14:27
/2.+;D.+6+12+/51?2+<01I0G+370>2+OF5+<2>+2/>2+/>0/0;:51/2
OF5+ /07+ H5I+ 12+ .50+ 57+ ;D.+ >532;51A0C759+ P+ 72.+ @7/:;2.
/:5;<2.G+ 3F01A2+ /0;C:Q1+ H51B01+ 72.+ 0;:?2.9+ -.2+ /51B0
07?2+A5+CF512+6+07?2+A5+;072G+\12]+->0+;D.+51/>5/51:A2G
<2>+.F<F5./2G+6+5./:;F70C0+<>2H5342.0.+,0F1OF5+0+H535.
A5;0.:0A2+ 70>?0.8+ A:.3F.:215.G+ OF5+ <0>0+ ;B+ /FH:5>21
.:5;<>5+F10+370>0+F/:7:A0AW+;5+.5>HB01+<0>0+A5.3FC>:>+51
;B+;:.;2+OFQ+<51.0C0+H5>A0A5>0;51/5+.2C>5+/01/2.+/5L
;0.9+ J5>2+ 5.5+ H5>012+ 32753/:H2+ /0;C:Q1+ 5>0+ ;072G+ <2>L
OF5+12.+OF:/0C0+:1/:;:A0A+6+0>>:13210C0+1F5./>0+<2.:C:L
7:A0A+ A5+ A:D72?2+ ,70+ A5+ 12.2/>2.+ A2.8G+ 7:;:/D1A270+ 10A0
;D.+OF5+0+70+30;0G+F1+.:/:2+A21A5+<2>+72+32;@1+F.DC0L
;2.+2/>2.+;5A:2.+A5+32;F1:303:S19+P+51+OFQ+A5.<0>>0L
;2+ 40+ 030C0A2+ /2A2+ 57+ 37019+ &7?F12+ 60+ 12+ 5./D+ ;D.9
R>52+OF5+70.+;FM5>5.+01A01+<2>+-F>2<0+,\/5+5.3>:CB.+321
5770.]89+ $51?2+ 51/51A:A2+ OF5+ F12+ A5+ 72.+ ;F340342.
01A0+ <2>+ 04BG+ \72+ H5.+ 0+ H535.]G+ A075+ ;:.+ 0C>0I2.G+ \OFQ
4035]+ \/>0C0M0]+ \5./FA:0]+ \.:?F5+ ;F6+ ;FM5>:5?2]+ R21L
.5>H2+F1+CF51+>53F5>A2+A5+.F+5>FA:3:S1+/01?F5>0+6+A5+.F
H510+ 3213:7:0A2>09+ \RS;2+ 5./0>D+ *27B.]+ \*5?F:>D+ 5K:.L
/:51A2+-7+R40MD]+->0+7:1A2+07;2>I0>+51+.F+.07S1+A5+/>21L
32.G+<2>+72+?515>07+>5<75/2+A5+:1?75.5.G+0;0C75.+6+A:./01L
/5.+32;2+.:5;<>59+\J2>+OFQ+75.+?F./0>B0+/01/2+0+72.+:1?75L
.5.+5.5+C07150>:2]+&+72+;5M2>+75.+?F./0C0+<2>+70.+;:.;0.
>0I215.+OF5+0+12.2/>2.W+077B+/2A0HB0+,07+;512.+51+0OF5L
772.+0=2.8+.5+>53F<5>0C0+70+.51.03:S1+A5+5.<03:2d+.5+<2L
AB0+H5>+70+<7060+32;2+<7060+6+12+32;2+F1+H0./2+15?23:2
321+0>510d+57+;0>32+10/F>07+40CB0+.2C>5H:H:A2G+60+OF5+70.
H:H:51A0.G+0F1+70.+A532>2.0;51/5+.F1/F2.0.G+12+0?>0H:0L
C01+57+<0:.0M59+N5+;0=010+/5;<>012+5>0+CD>C0>2+30;:L
10>+6+30;:10>+MF1/2+0+70+2>:770G+>53:C:51A2+51+72.+<:5.+5.0.
27:/0.+ .F0H5.+ OF5+ /5+ A0C01+ ?010.+ A5+ .5?F:>+ H:H:51A29
R>52+ OF5+ 5.2+ 12.+ ?F./0C0+ /0;C:Q1G+ <2>OF5+ A5+ 07?@1
;2A2+.:;C27:I0C0+07+(>F?F06+A5+51/2135.G+<0B.+A5+27:/0.
.F0H5.G+ 12+ A5+ 70.+ C0/:51/5.+ /5;<5./0A5.+ OF5+ H:1:5>21
A5.<FQ.9+ -1+ F12+ A5+ 72.+ 5K/>5;2.+ 40CB0+ >230.G+ <5>2+ 12
?>01A5.+>2;<:51/5.9+(12+.513:770;51/5+.5+.51/0C0+6G+ 57
0?F0+ :1H0AB0+ 72.+ 5.<03:2.+ 51/>5+ >230+ 6+ >230G+ >532>>B0+ 6
ij
89
1/6/00, 14:27
7:;<:0C0+5.2.+30107:/2.G+<21B0+<0/0.+0>>:C0+0+72.+301?>5L
M2.+ 6+ .03FAB0+ 70.+ ;:/0A5.+ A5+ ;5M:77215.+ OF5+ .:5;<>5+ .5
0?>F<0C01+51+07?@1+>532H532+A5+<:5A>0.+6+301/2.+>2A0L
A2.9+&7+0/0>A535>+70+.51.03:S1+5>0+A:./:1/0G+OF:ID+;512.
?515>0A2>0+ A5+ 515>?B0+ 2+ A5+ 2</:;:.;2G+ <5>2+ <2>/0A2>0
A5+F1+.2.:5?2+OF5+1F130+H27HB+0+5K<5>:;51/0>9+-7+.27+.5
:C0+5.321A:51A2+/>0.+70.+AF10.+A5+n0F>5?F:C5>>6G+6+57+>B/L
;:32+340.OF:A2+A5+70.+270.+;01.0.+.5+51/>5;5I370C0+321
07?@1+;F?:A2+OF5+<0>53B0+75M01B.:;2+6+OF:ID+<2>+5.2+.5
H27HB0+/03:/F>12+6+0?2>5>29+&7?F12.+AB0.+12.+321/0?:DC0L
;2.+A5+5.0+321?2M0+<>2H:.:2107G+<5>2+0+H535.+.5+321H5>L
/B0+:;<>5H:./0;51/5+51+70+.07+A5+70+M2>10A0G+.513:770;51L
/5+<2>OF5+12+/51B0;2.+;2/:H2.+<5>.21075.+<0>0+70+4:<2L
321A>B0G+6+51/2135.G+0F1OF5+0+H2.+0+H535.+.5+/5+4F;5A5L
3:5>01+72.+2M2.+H5>A5.+6+0+;B+.5+;5+E2>;0>0+F1+1FA2+51
70+?0>?01/0G+.:5;<>5+Q>0;2.+321.3:51/5.+A5+OF5+12+40CB0
30F.0.+3213>5/0.+<0>0+70+/>:./5I0G+.07H2+70.+321?Q1:/0.G+70.
OF5+H:5151+0A.3>:</0.+07+;5>2+45342+A5+H:H:>+6+;2>:>9+P
H27HB0;2.+ 30;:101A2+ A5.<03:/2G+ 042>0+ 0C>0I0A2.+ 6+ 51
.:7513:2G+6+51+70+<07;0+A5+;:+;012+A5>5340+.51/B0+OF5+70
<:57+A5+/F+3:1/F>0+A5.1FA0+.5+5>:I0C0G+.5?F>0;51/5+<2>L
OF5+ 60+ 5;<5I0C0+ 0+ 32>>5>+ F1+ 01/:3:<2+ A5+ 70+ C>:.0
12345>0G+6+403B0+E07/0+775?0>+07+>01342+<0>0+<215>12.+72.
<F7SH5>5.+ 6+ /2;0>+ F10+ ?>0<:/0+ 321+ 7:;S1+ 6+ <>5<0>0>+ 57
34F>>0.32+321+4F5H2.+6+51.070A0+6+C5.0>12.+F1+<232G+12
A5;0.:0A2G+<2>OF5+72+;5M2>+H51B0+A5.<FQ.9
jk
90
1/6/00, 14:27
^-&$%"m+,(10+<070C>0+512>;58
U:C5>/0A+5.+F10+<070C>0+512>;59+J2>+5M5;<72G+3F01A2
/5>;:101+ 70.+ 370.5.G+ .5+ A:35+ OF5+ F10+ 5./D+ 51+ 7:C5>/0A9
':51/>0.+AF>0+70+7:C5>/0AG+F10+<0.50G+F10+MF5?0G+F10+12
/:515+<2>+OFQ+5./FA:0>9+*5+A:35+OF5+F1+<0B.+5.+7:C>5+3F01L
A2+F10+;FM5>+3F07OF:5>0+2+F1+42;C>5+3F07OF:5>2+4035+72
OF5+.5+75+01/2M09+J5>2+40./0+72.+<0B.5.+7:C>5.+/:5151+32.0.
;F6+ <>24:C:A0.9+ J2>+ 5M5;<72+ ;0/0>9+ -.2+ .BG+ .5+ <F5A51
;0/0>+;2.OF:/2.+6+3F30>0340.G+6+/0;C:Q1+H030.+<0>0+40L
35>+ 34F>>0.32.9+ J2>+ 5M5;<72+ 5./D+ <>24:C:A2+ >2C0>G+ 0F1L
OF5+ 12+ 5.+ ?>0H5+ OF5+ F10+ .5+ OF5A5+ 321+ 07?@1+ HF57/2
3F01A2+ b>03:570G+ OF5+ 5.+ ;:+ ;0;:G+ ;5+ 5130>?0+ 07?F10
32;<>09+J2>+5M5;<72+5./D+<>24:C:A2+775?0>+/0>A5+0+70+5.L
3F570G+ 0F1OF5+ 51+ 5.5+ 30.2+ 406+ OF5+ 4035>+ F10+ 30>/:/0G
;5M2>+A:342+70+/:515+OF5+4035>+b>03:570G+MF./:E:301A2+<2>
OFQ9+&.B+A:35+70+;05./>0W+MF./:E:301A29
U:C5>/0A+ OF:5>5+ A53:>+ ;F340.+ 32.0.9+ J2>+ 5M5;<72G+ .B
F10+12+5./D+<>5.0G+.5+A:35+OF5+5./D+51+7:C5>/0A9+J5>2+;:
<0<D+5./D+<>5.2+6+.:1+5;C0>?2+5./D+51+U:C5>/0AG+<2>OF5
0.B+.5+770;0+70+3D>357+A21A5+5./D+4035+60+;F342.+0=2.9+&
5.2+57+/B2+%2701A2+72+770;0+OFQ+.0>30.;29+(1+AB0+75+321/Q
0+;:+0;:?0+&1?Q7:30+OF5+70+3D>357+51+OF5+5./D+;:+<0<D+.5
770;0+U:C5>/0A+6+OF5+57+/B2+%2701A2+40CB0+A:342+OFQ+.0>L
30.;2+ 6+ 0+ ;:+ 0;:?0+ &1?Q7:30+ 75+ ?F./S+ /01/2+ 70+ <070C>0
OF5+ 3F01A2+ .F+ <0A>:12+ 75+ >5?07S+ F1+ <5>>:/2+ 75+ <F.2+ A5
12;C>5+*0>30.;29+':+<0<D+5.+F1+<>5.2+<5>2+12+<2>OF5
4060+ ;0/0A2+ 2+ >2C0A2+ 2+ 775?0A2+ /0>A5+ 0+ 70+ 5.3F5709
b>03:570+ A:35+ OF5+ ;:+ <0<D+ 5./D+ 51+ U:C5>/0AG+ 2+ .50+ 5./D
<>5.2G+<2>+.F.+:A50.9+J0>535+OF5+;:+<0<D+5>0+E0;2.2+<2>
.F.+:A50.9+P2+/0;C:Q1+0+H535.+/51?2+:A50.G+<5>2+/2A0HB0
12+.26+E0;2.09+J2>+5.2+12+5./26+51+U:C5>/0AG+2+.50+OF5
12+5./26+<>5.09
*:+62+5./FH:5>0+<>5.0G+;5+?F./0>B0+OF5+A2.+A5+;:.+;FL
j!
91
1/6/00, 14:27
=530.G+70+$2/:+6+70+'S1:30G+EF5>01+/0;C:Q1+<>5.0.+<27B/:L
30.9+ J2>OF5+ 0+ ;B+ ;5+ ?F./0+ A2>;:>;5+ 0C>0I0A0+ <2>+ 72
;512.+ 0+ 70+ $2/:9+ &+ 70+ 'S1:30+ 12+ /01/2G+ <2>OF5+ 5.+ ;F6
?>F=2109+ P2+ 1F130+ 75+ <5?2G+ .2C>5+ /2A2+ <0>0+ A0>75+ 5.5
CF51+5M5;<72+0+b>03:5709
-770+;5+40+<5?0A2+<230.+H535.G+<5>2+3F01A2+72+4035
62+OF:.:5>0+/515>+;F34B.:;0+7:C5>/0A9+RF01A2+;5+<5?0+2
;5+>5I21?0+62+75+A:?2+-770G+<2>OF5+0+5770+12+75+?F./0+OF5
70+ 770;5+ 0.B9+ -.+ 370>2+ OF5+ /51?2+ OF5+ 5./0>+ ;F6+ 07F10A0
<0>0+770;0>70+-7709+*:+<2>+5M5;<72+H:515+;:+0CF572+6+;5
<>5?F1/0+AS1A5+5./D+/F+;0A>5G+6+62+75+321/5./2+-770+5./D
51+70+323:10G+60+/2A2+57+;F1A2+.0C5+OF5+5./26+07F10A0G
<2>OF5+.:+12+5./26+07F10A0+A:?2+.270;51/5+b>03:570+5./D
51+70+323:109+':+0CF572+.:5;<>5+A:35+OF5+62+.07B+70+;D.
07F10A0+A5+70+E0;:7:0+6+5.2+0+;B+;5+A5M0+;F6+321/51/09
&+b>03:570+/0;<232+75+?F./0+A5;0.:0A2+OF5+62+70+770;5
b>03:570G+<5>2+62+70+770;2+0.B+<2>OF5+5.+F1+12;C>5+7:1L
A29+*S72+3F01A2+70+OF:5>2+;F34B.:;2G+3F01A2+70+0A2>2+6
70+ C5.2+ 6+ 70+ 5./>FM2+ 6+ 5770+ ;5+ A:35+ 06+ 34:OF:7:10+ 12+ ;5
5./>FM5.+ 0.BG+ 51/2135.+ .B+ 70+ 770;2+ ;0;D+ 2+ ;0;:G+ 6
b>03:570+.5+321;F5H5+6+.5+<215+;F6+/:5>1:/0+6+;5+030>:L
3:0+57+<572G+6+5.2+12+.5>B0+0.B+1:+.5>B0+/01+CF512+.:+62+75
A:M5>0+;0;D+2+;0;:+<2>+3F07OF:5>+<0H0A09
)+.50+OF5+70+7:C5>/0A+5.+F10+<070C>0+512>;59+b>03:570
A:35+OF5+.5>+F1+<>5.2+<27B/:32+32;2+;B+<0<D+12+5.+1:1?FL
10+H5>?_51I09+cF5+5.+30.:+F1+2>?F7729+\J2>+OFQ+30.:]+-.
2>?F772+2+5.+H5>?_51I09+\U5+?F./0>B0+OF5+62+A:M5>0+OF5+5.
30.:+H5>?_51I0]+P2+5./26+2>?F772.0G+12+30.:+2>?F772.0G+A5
;:+ <0<DG+ <2>OF5+ /FH2+ ;F34B.:;0.+ :A50.G+ /01/0.+ 6
/01/B.:;0.+OF5+72+;5/:5>21+<>5.2+ <2>+ 5770.9+ P2+ 3>52+OF5
042>0+;:+<0<D+.5?F:>D+/51:51A2+:A50.G+/>5;51A0.+:A50.G
<5>2+5.+30.:+.5?F>2+OF5+12+.5+70.+A:35+0+10A:5G+<2>OF5+.:
70.+A:35G+3F01A2+.07?0+A5+U:C5>/0A+<0>0+H:H:>+51+7:C5>/0AG
72+ <F5A51+ ;5/5>+ 2/>0+ H5I+ 51+ U:C5>/0A9+ \Z51+ 32;2+ 5.
512>;5]
jT
92
1/6/00, 14:27
-l"U")*+,J51@7/:;0+;2>0A08
F$(5&36,3(73(&/(-859$K368(V?(5#4(-&$/78(43(,6$,$(73
$";&+3/(,$/(%&36+78(-858(F&<+4(@37358/,3W(34(4+35963
&/(734;$66$5+3/,8:(&/$(6&9,&6$0(@368(-&$/78("$(5&36,3
-&"5+/$(4&($437+8(3/(3"(3S+"+8:(?($&/(4+(3""8(4&-373(3/(&/
#5*+,8( ,$/( D6$,36/8( -858( A4,3:( 3"( 734;$66$5+3/,8( ,+3/3
8,6$4(+59"+-$/-+$4:(8,68(4+;/+D+-$780
C43( 7343/"$-3( /$,&6$":( 343( D+/$"( 8*"+;$,86+8( %&3( 34( "$
5&36,3:(,+3/3(4+35963($";8(73(63;63480(M&3",$($("$(,+366$
/&,6+-+$Z( <&3",$( $( "$( 5$,6+=( 73( *$668:( 73( /&34,68( *$668:
%&3(/&/-$(<$($(436(+;&$"($("84(8,684(*$6684(73"(5&/780(F$
5&36,3(3/(3"(3S+"+8(34($9$63/,353/,3("$(/3;$-+./(73"(631
;6348:(?(A4,3(34(%&+=#(4&("$78(5#4(84-&680
@86(348:(7&6$/,3(3"("$6;8(936'878(73("$(93/84$(3/D361
537$7(73(F&<+4:(/84(36$(,$/(7+D'-+"(<36"8($/+5$643:(48/1
63'6:()$-36(968?3-,84:(?(5#4(7+D'-+"(,87$<'$(53,36/84(3/(3"
7+4+5&"8:(/85*6$6(D&,&684(%&3("8(+/-"&'$/:(+5$;+/$6(8(481
*63/,3/736(%&3(<8"<36'$($(6349+6$6(3"($+63(73(4&(-&$76$:($
<36("$(9"$?$:(343("&5+/848(-86$=./(73"(7'$(58/,3<+73$1
/8:( ?( 7+4D6&,$6( "$4( &<$4:( "84( 7&6$=/84:( 3484( "&B84( 73"
98*630
>.58( )$*"$6( 73( "$4( *&3/$4( -84$4( 4+59"34( %&3( 7$/
;&4,8($("$(<+7$(?(%&3(7$*$/(43/,+78($("$(4&?$:(4+(4$*'$584
%&3("$(5&36,3("3(43;&'$(3"(6$4,68(?(%&3(/$7+3(987'$(;&$61
7$6"8(/+(34-8/736"8:(/+(586+643(986(A":(/+(53/84($Q/(-8/1
<3/-36($(4&(4$*&348:(/+(4+%&+36$(7366$5$6(&/(""$/,8(-"$<3
9$6$(%&3(9365$/3-+36$(<+,$"(3/,63(/848,6840
C/("84(96+53684(,+35984(3"(3S+"+8(36$:(3/,63(8,6$4(-81
4$4:(3"(7&68()&348(73(<+<+6(7+4,$/,30(!)86$(34(,$5*+A/(3"
73(586+643("3B840(F$("+4,$(,+3/3(?$(-+/-8(8(43+4(/85*6340
F$( 48"37$7:( "$4( 3/D36537$734( 8( "84( ,+684:( $-$*$68/( -8/
3""84(?(%&+A/(4$*3(-&#/,84(5#4(48/($)86$(,$/,84(53/84
3/(3"(<$4,'4+58(9$'4(366$/,30
j[
93
1/6/00, 14:27
C"(,6$;8(34(5#4($5$6;8(4+(93/4$584(%&3(586+6(73(3S+1
"+8(34("$(43K$"(73(%&3(/8(4."8($(F&<+4:(4+/8($(,8784:(/84
)$/( %&+,$78( ,6$/4+,86+$53/,3( 343( 4&96358( 7363-)8( $
$*$/78/$6(3"(,63/(3/("$(34,$-+./(78/73(3"(<+$B3(3593=$1
6$0(N84()$/(%&+,$78(/&34,6$(5&36,3(785A4,+-$:(43/-+""$1
53/,3(/&34,6$:(34$(5&36,3(%&3(4$*3(73(%&A("$78(7865+1
584:(73(%&A(4&3K84(43(/&,63/("$4(<+;+"+$40
@86(348(-&$/78($)86$($75+,+584(%&3(F&<+4:(-859$K31
68( %&36+78( -858( 98-84:( 43( <$( 4+/( )$*36( 63;634$78:( "3
96853,3584( *63;$6( /8( 4."8( 986( -$5*+$6( "$( <+7$:( 4+/8
,$5*+A/(986(963436<$6("$(5&36,3:(34$(5&36,3(%&3(34(5$1
,6+=(?(/$-+5+3/,8:("$(5&36,3(3/(/&34,68(*$6680
F&<+4(D&3(&/(3S-3"3/,3(936+87+4,$:(&/(5+"+,$/,3(63<8"&1
-+8/$6+8:(&/($5+;8("3$":(&/(D36<+3/,3($75+6$786(73("$(P31
<8"&-+./( -&*$/$:( 9368( $-$48( 987$584( 4+/,3,+=$6( ,8784
3484(5$,+-34(7+-+3/78(%&3(D&3(&/(3S-39-+8/$"()85*63(73
9&3*"8:(-8/("84($,6+*&,84(73(43/-+""3=(?(58734,+$:(73($9$1
4+8/$5+3/,8(?(;3/3684+7$7:(73(-$9$-+7$7(73($D3-,8(?(73
,6$*$B8:($"3;6'$(?(<$"86:(3D+-$-+$(?(63498/4$*+"+7$7:(%&3(73
$";&/$(5$/36$(-8593/7+$/("8(53B86(73(/&34,68(9&3*"80
C/( A"( 43( 7$*$/( 784( 6$4;84( -859"353/,$6+84:( %&3( /8
4+35963(-83S+4,3/(3/(3"(3S+"+$78Z(986(&/("$78:(3"(8B8(?(3"
8'78(+/73-"+/$*"353/,3($,3/,84($("84(4&D6+5+3/,84(?($("$4
"&-)$4:($("84(6&58634(?("$4(+5#;3/34:(73("$(9$,6+$("3B$/$:
?(986(8,68:(4&($59"+$(-$9$-+7$7(73(436(Q,+"(9&34,$($"(4361
<+-+8(73(4&(D3-&/7$(+/,3;6$-+./(3/(>&*$:(-&?$(63<8"&-+./
-85963/7'$:(73D3/7'$(?(%&36'$(-858(4+(D&36$("$(9689+$:(?
4$*+3/78(%&3(73($";Q/(5878(36$("$(4&?$:(36$("$(/&34,6$0
>8/(,87$4(4&4(D6&4,6$-+8/34(?($5$6;&6$4:(3"(3S+"+8(/8
D&3(/&/-$(9$6$(A"(&/(58,+<8:(/+(5&-)8(53/84(&/(963,3S1
,8:(73($&,8-8/D+/$5+3/,8(?(48"37$70(_"(4$*'$(%&3("$(53B86
D.65&"$(-8/,6$(3"($=8,3(73"(3S+"+8(34("$(+/,3;6$-+./(3/("$
-85&/+7$7(%&3($-8;3($"(3S+"+$78:(?($4':(D+653(3/(4&(-8/1
<+--+./:(,6$*$B.(-8/(73/&378(?($"3;6'$:(-$4+(-858(&/(-&1
*$/8(5#4:(4+/(73B$6(/&/-$(73(436(&/(&6&;&$?8(-$*$"0
P3-8673584(%&3(3/,63("84("&;$634(-85&/34(%&3:(3/(3"
5&/78( -$9+,$"+4,$:( 6873$/( 3"( /3;8-+8( 73( "$( 5&36,3:( D631
-&3/,353/,3(43()$*"$(73("$([Q",+5$(586$7$\0(2+/(35*$61
j`
94
1/6/00, 14:27
;8:(9$6$(&/(-859$K368(-858(F&<+4:(A4,$(3/(%&3()8?("8
73B$584(4."8(436#("$(93/Q",+5$:(?$(%&3(4&(Q",+5$(586$7$
34,$6#(4+35963(3/(/848,684:(3/(/&34,68($D3-,8:(3/(/&34,68
63-&36780(E(436#(&/$(586$7$(73(9&36,$4($*+36,$4(?(<3/,$1
/$4(-8/(-+3"80
2."8($4'(<3/-363584($(34,$(5&36,3(%&3(9$63-3(4+/(631
;63480(E("$(<3/-363584(986%&3(/$7+3(7&7$(%&3(F&<+4(631
;634$6#(-8/($%&3""84(73(/848,684(%&3(<8"<$584($";Q/(7'$
$"(,366&K80( P3;634$6#(3/(/&34,684(-86$=8/34:(3/(/&34,6$
53586+$:(3/(/&34,6$4(<+7$40(>86$=8/34:(53586+$(?(<+7$4
%&3(436#/(-8/4+736$*"353/,3(53B8634(986(3"(5368()3-)8
73(<8"<36(-8/(,$/()8/34,8(?("3$":(,$/(7+;/8(?(;3/36848:
,$/(43/-+""8(?(<36$=:()85*63(73(9&3*"80
je
95
1/6/00, 14:27
V-%"N)*+P+R)#$(*)*+,Z5>A0A+6+<>S>>2?08
&+@7/:;0+42>0+A5+70+/0>A5+EF5+0+H5>+0+.F+.F5?>29+V03B0
32;2+OF:135+AB0.+OF5+12+72+H:.:/0C09+-7+@1:32+<>2C75;0
5>0+OF5+.F.+42>0>:2.+12+32:13:AB019
aR0>0;C0G+30>0;C0+aA:M2+A21+%0E057+A5.<FQ.+A5+C5L
.0>70a9+&7?2+?>0H5+A5C5+23F>>:>+3F01A2+H51B.+0+H5>;59
a\J2>+OFQ+A:35+5.2]+^:51+.0C5+OF5+;5+?F./0+321H5>L
.0>+321+F./5A9
a&+ ;B+ /0;C:Q1+ ;5+ ?F./0+ 340>70>+ 321/:?29+ J5>2+ H2.
.S72+H51B.+3F01A2+/51Q.+<>2C75;0.9
aJF5A5+.5>9+P+75+<:A2+<5>AS19
a#2+M2>2C5.9+Z51B+3F01A2+OF:5>0.9+R21+2+.:1+<>2C75L
;0.9+\P+;:+1:5/0]
a(1+<232+>5.E>:0A0G+<5>2+51+?515>07G+C:519+-1+72.+@7L
/:;2.+ ;5.5.G+ 5./D+ 321.:?F:51A2+ CF510.+ 12/0.+ 51+ 70+ 5.L
3F5709
a-.+:1/57:?51/5G+<5>2+0A5;D.+5.+0./F/09+N:?0;2.+OF5
.075+07+0CF5729+\#2+70+/>0M:./5+<2>+57+>5.E>B2]
a(1+<232+<2>+5.29+P+/0;C:Q1+<2>OF5+OF5>B0+40C70>+0
.270.+321+F./5A9
a$5+72+01F13:QG+\H:./5]+^F512G+\3FD7+5.+57+<>2C75;0]
b>03:570+.5+.51/S+51+57+.2ED+H5>A5G+30.:+.5+0>>2MS+51+Q79
':>S+751/0+6+A5/51:A0;51/5+0OF57+>53:1/2+75H5;51/5+A5.L
2>A510A2G+0OF57+0<0>/0;51/2+A5+H:5M2+.272G+6+.21>:S+321
A5.?0129
a'5+>5.F7/0+A:EB3:7+5;<5I0>9+*2C>5+/2A2+<2>OF5+5.+F.L
/5A9+P+.:1+5;C0>?2+5.+321+57+@1:32+OF5+OF:5>2+40C70>729
a\*01/:0?2]
a*B9+'5M2>+A:342W+.B+6+129+-7+/5;0+70/5>07+5.+*01/:0?2G
<5>2+57+351/>07+.26+629
a':>D+OF5+.21+5?23Q1/>:30.+70.+;FM5>5.9
a#2+.S72+70.+;FM5>5.9+J5>2+51+.5>:2G+%0E057G+57+/5;0
5./>:3/2+/07+H5I+.50W+*01/:0?2+6+629
jf
96
1/6/00, 14:27
$0;C:Q1+57+.F5?>2+.5+.51/SG+<5>2+51+70+;535A2>09+*5
75+51.2;C>53:5>21+F1+<232+72.+2M2.G+<5>2+01/5.+A5+40C70>
.5+C070135S+F1+<0>+A5+H535.9
a\cFQ+5.+72+OF5+12+;0>340]
aP2+12+;0>3429
-7+.F5?>2+<0>53:S+A:.<F5./2+0+032>/0>+30;:129
a\P0+12+72+OF5>Q.]
-H:A51/5;51/5G+ b>03:570+ 12+ 5./0C0+ <>5<0>0A0+ <0>0
51/>0>+ /01+ >D<:A0;51/5+ 51+ ;0/5>:09+ -;:/:S+ F1+ .21:A2
<232+;512.+OF5+?F/F>079+N5.<FQ.+>5.2<7S9
a$>01OF:7:I0/5G+;FM5>9
a#2+<F5A29+':>5+3S;2+;5+/:5;C701+70.+;012.9
a*:+ A5+ 07?2+ /5+ .:>H5G+ /5+ A:>Q+ OF5+ 403B0+ 60+ F12.+ ;5.5.
OF5+;5+72+H5B0+H51:>9+&.B+OF5+12+;5+H26+0+0.F./0>+A5+10A09
a\U2+H5B0+H51:>]+\*5+;5+12/0+51/2135.]
a#2G+;F3403409+#2+.5+/5+12/0+0.BG+51+?515>079+*513:L
770;51/5G+/5+72+12/2+62G+OF5+/5+3212I32+A5.A5+4035+/01/2.
0=2.+6+OF5+0A5;D.+.26+57+<0A>5+A5+*01/:0?29
b>03:570+ /51B0+ E>51/5+ 0+ 5770+ F10+ CF510+ >5<>2AF33:S1
A57+hF;0A2>G+A5+RQI01159+R:51+H535.+40CB0+H:./2+077B+5.0
:;0?51+ A5+ .2.:5?2G+ <5>2+ .:1/:S+ A5+ <>21/2+ OF5+ 12+ <2AB0
0?F01/0>+ 0OF5770+ ;:>0A0G+ OF5+ 75+ <0>53:S+ 2C7:3F09+ -1
2/>0.+/0>A5.+6+51+2/>0.+<51F;C>0.G+70+;:>0A0+A57+hF;0L
A2>+ 75+ 40CB0+ <0>53:A2+ <5>A:A0+ 51+ A:H0?03:215.G+ <5>2
042>0+ 51+ 30;C:2+ :;0?:1S+ OF5+ 70+ ;:>0C0+ 0+ 57709+ cF:ID
/2A2+H51B0+A5+5.0+<:<0G+.2./51:A0+51+70+C230+A5+F1+;2A2
;F6+ .5;5M01/5+ 0+ 32;2+ 70+ .2./51B0+ *01/:0?29+ &.B+ OF5
0<0>/S+70+H:./0+6+;:>S+1F5H0;51/5+0+.F+.F5?>29
a&+F./5A+75+H0+0+<0>535>+F10+723F>0G+F10+:1.51.0/5I9
U5+0A5701/2+OF5+0+;B+/0;C:Q1+;5+72+<0>5359
a&+;:.+0=2.+10A0+<0>535+F10+723F>09+(12+030C0+<2>
032./F;C>0>.5+0+72.+5K0C>F</2.G+0+72.+5./077:A2.G+0+70.+32L
>0I210A0.9+-;<5I01A2+<2>+70.+<>2<:0.9
b>03:570+<0>53:S+01:;0>.59+&C>:S+57+C27.2G+5K/>0M2+F1
3:?0>>:772+6+72+51351A:S9+U5+2E>53:S+57+<0OF5/5+0+A21+%0L
E0579
ab>03:0.G+<5>2+129+V035+60+.5:.+;5.5.+OF5+12+EF;29
\#2+/5+40CB0.+A0A2+3F51/0]
jg
97
1/6/00, 14:27
a\P+5.2+<2>+OFQ]
aJ>2C75;0.+A5+3:>3F703:S1G+<5>2+10A0+.5>:29+N5.<FQ.
A5+ /2A2G+ ;5+ H:12+ C:519+ &7+ <>:13:<:2+ 5>0+ A5.5.<5>01/5G
.2C>5+ /2A2+ A5.<FQ.+ A5+ 70.+ 32;:A0.9+ &42>0+ 60+ ;5+ 032.L
/F;C>Q9
b>03:570+0.<:>S+751/0;51/5+57+4F;2G+6+07+<0>535>+5.2
75+A:2+32>0M59
a(./5A+;5+<>5?F1/S+.:+60+12+OF:5>2+0+*01/:0?29+$01L
/2+.:+75+>5.<21A2+OF5+.B+32;2+.:+75+321/5./2+OF5+12G+5./0L
>B0+A:./2>.:2101A2+70+H5>A0A9
aJ0>535+OF5+70+32.0+H:515+32;<7:30A0G+\54]
a(1+<2329+-.+370>2+OF5+51+F1+.51/:A2+72+.:?2+OF5>:51L
A2G+51/>5+2/>0.+32.0.+<2>OF5+*01/:0?2+12+40+45342+10A0
<0>0+ OF5+ 62+ 75+ A5M0.5+ A5+ OF5>5>9+ (./5A+ .0C5+ ;5M2>+ OF5
10A:5+3S;2+.5+40+32;<2>/0A29+P+12+.S72+51+.F.+7507/0L
A5.+<27B/:30.G+;:7:/01/5.9+$0;C:Q1+51+72+<5>.21079+R21;:L
?2+.:5;<>5+40+.:A2+CF51B.:;29
a\P+51/2135.]
a-1/2135.+ 72+ .:?2+ OF5>:51A2+ 32;2+ .5+ OF:5>5+ 0+ F1
0;:?2+5./F<51A2G+0+F1+32;<0=5>2+A5+321AF3/0+:1/0340L
C75+OF5G+<2>+2/>0+<0>/5G+5.+10A0+;512.+OF5+57+<0A>5+A5
^50/>:I9
aJ5>29
aJ5>2+ 62G+ 32;2+ ;FM5>G+ 12+ 72+ .:?2+ OF5>:51A29+ -.+ 51
5./5+.51/:A2+OF5+12+72+1535.:/2G+\;5+51/:51A5]
a-.+370>2+OF5+/5+51/:51A29+#2+.26+/01+C>F/29+&A5;D.
72+A53B.+321+;F340+370>:A0A+6+321+;F340+321H:33:S19
a\RS;2+ <2A>B0+ >5.F;:>72]+ cF:ID+ A:3:Q1A272+ >FA0L
;51/59+ P+ 5.<5>2+ OF5+ F./5A+ ;5+ <5>A2159+ #2+ OF:.:5>0
032./0>;5+;D.+321+Q79+U5+<0>535+42>>:C75G+\H5>A0A]
a#2G+12+;5+<0>535+42>>:C759+'5+<0>535+/>:./5G+/07+H5IG
<5>2+70+H5>A0A+5.+OF5+@7/:;0;51/5+57+;F1A2+12+5.+F10
E:5./09
a*:+ *01/:0?2+ 12+ 5./FH:5>0+ <>5.2G+ 5./2+ 12+ .5>B0+ /01
?>0H59+*5>B0+.:;<75;51/5+72+OF5+75+23F>>5+0+/01/0+?51/59
J2A>B0;2.+40C70>72G+A:.3F/:>729+-./26+.5?F>0+A5+OF5+07+E:L
107+*01/:0?2+72+51/51A5>B0G+0F1OF5+;:+A53:.:S1+72+0;0>L
?0>0+2+72+A535<3:210.59+J5>2+5./D+51+70+3D>3579
ji
98
1/6/00, 14:27
a*BG+5./D+51+70+3D>3579
aP+ 5.2+ 4035+ OF5+ ;5+ .:51/0+ 32;2+ 35>30A09+ o7+ 5./D
<>5.2+077DG+<5>2+62+/0;C:Q1+5./26+0<>:.:210A0+51+F10+.:L
/F03:S19
*21S+57+/57QE2129+b>03:570+4:I2+F1+?5./2+A5+E0./:A:2W+57
/:;C>5+A5./>FB0+57+37:;0+A5+32;F1:303:S1G+5./>2<50C0+70
321E:A513:09+ -7+ .F5?>2+ A5MS+ 70+ ;535A2>0+ 6+ 75H01/S+ 57
/FC29
a#2G+042>0+12+5./26+.2729+J5>2+H51B+;0=0109+$51?2
?010.+ A5+ H5>/59+ *BG+ A5+ H5>0.9+ #2+ 5./26+ .272G+ <5>2+ 12+ 5.
F10+ <>5.513:0+ OF5+ A5C0+ <>523F<0>/59+ ^F512G+ /5+ 5.<5>2
51+70+/0>A59+\&+70.+.:5/5+/5+<0>535+C:51]+R40F9
-7+.F5?>2+327?S+6+H27H:S+0+:1./070>.5+51+70+;535A2>09
':>S+ 0+ b>03:570G+ 307:C>S+ .F+ 5K<>5.:S1+ A5+ .2><>5.0+ 6+ 12
/FH2+;D.+>5;5A:2+OF5+.21>5B>9
a^F512G+5./26+H:5M2+<5>2+12+/01/29+P+0A5;D.G+70+.275L
A0A+/2/07+5.+;F6+M2A:A09
a'5+.2><>51AB+F1+<232G+<5>2+;5+075?>2G+%0E0579+$0;L
C:Q1+;5+A:2+F1+<232+A5+H5>?_51I09+(12+5./D+.:5;<>5+A5L
;0.:0A2+ 0/51/2+ 0+ .F+ <>2<:2+ 2;C7:?2d+ 75+ <0>535+ OF5+ 72.
<>2C75;0.+<>2<:2.+.21+72.+@1:32.+:;<2>/01/5.9+#2+.:5;L
<>5+ .5+ A0+ 3F51/0+ A5+ OF5+ 72.+ A5;D.+ /0;C:Q1+ /:5151+ 72.
.F62.9
a$5+A:>Q+OF5+0+5./2+;B2+62+12+72+770;0>B0+5K03/0;51L
/5+<>2C75;09+#2+5.+F10+;F340340G+\.0CQ.]+&F1OF5+.B+5.
C0./01/5+;D.+M2H51+OF5+629+-.2+.:5;<>5+5./:;F709+&A5L
;D.G+5.+CF510+?51/59+$2A0HB0+12+.Q+3FD1/2+AF>0>DG+<5>2
<2>+042>0+;5+4035+C:519+R21E:A513:0+<2>+321E:A513:0G+/5
A:>Q+OF5+;5+.:51/2+;512.+:1.5?F>2G+ ;D.+ 2</:;:./0G+ 321
;D.+?010.+A5+.5?F:>+H:H:51A29
aN5+H5>0.+;5+075?>29
a*BG+62+.Q+OF5+.2.+.:135>09
-7+.F5?>2+5./:>S+F1+C>0I2+40./0+F10+<F5>/:/0+A5+70+C:L
C7:2/5309+U0+0C>:S+6+5K/>0M2+F10+C2/5770+6+A2.+H0.2.9
a\cF5>Q.+F1+/>0?2]
a*BG+;5+H51A>D+C:519
&1/5.+A5+C5C5>+.5+;:>0>21+6+b>03:570+.21>:S9
aR21+.F+:15.<5>0A0+4:./2>:0+30.:+;5+4:I2+27H:A0>+70+;B09
jj
99
1/6/00, 14:27
a#2+72+3>529
aU2+A:?2+51+C>2;09+\RS;2+H26+0+27H:A0>70]
ab>03:570G+ \5.+ .:;<75;51/5+ 5.2]+ \#2+ 032./0>/5+ ;D.
321+*01/:0?2G+3F01A2+Q./5+.07?0+07?@1+AB0+A57+J5107]+\-.
.S72+5.2+2+406+07?2+;D.]
a&7+ <>:13:<:2+ 12+ 40CB09+ ->0+ .S72+ 57+ 075M0;:51/2G+ 51
>507:A0A+ 5+( 075M0;:51/29+ N5.30>/0>+ F10+ EF/F>0+ >5703:S1
3216F?07+321+*01/:0?29
a\P+042>0]
a&42>0+5.+A:./:1/29+R>52+OF5+5./26+5;<5I01A2+0+510L
;2>0>;59
a&49
aN:M5+OF5+3>52+OF5+5./26+5;<5I01A29
a':>DG+.:+0A;:/B.+OF5+5./D.+5;<5I01A2+5.+OF5+60+/5
510;2>0./59
aJF5A5+ .5>9+ J5>2+ 12+ 5./26+ .5?F>09+ (./5A+ 72+ 3212359
-.+%2701A29
a\P+Q7]
a$0;C:Q1+ <0>0+ Q7+ 5.+ AF>29+ *:5;<>5+ EF5>21+ CF512.
0;:?2.+321+*01/:0?29+#2+3>50+OF5+12+;5+A26+3F51/0+A5
OF5+Q./0+5.+F10+32;<7:303:S1+0A:3:21079
a$5+70+CF.30./5+C:51+A:EB3:7G+\54]
aP0+72+3>529+N5;0.:0A29
a\P+OFQ+H0.+0+4035>]+\)+OFQ+4:3:./5+60]+\U5+5.3>:C:.L
/5+0+*01/:0?2]
a-./2+5.+EF1A0;51/07;51/5+<2>+72+OF5+H:15+0+H5>759
#2+ .Q+ OFQ+ 4035>9+ J2>+ F1+ 70A2G+ *01/:0?2+ ;5+ .:?F5+ 5.3>:L
C:51A2+30>/0.+;F6+510;2>0A0.9+*Q+OF5+5.+.:135>29+P+62
;5+.:51/2+;F6+E077F/0+/>0/01A2+A5+321/5./0>75+51+5.0+;:.L
;0+H5109+J2>+2/>0G+;5+<0>535+5.<01/2.2+OF5+Q7G+077D+51
U:C5>/0AG+ 51/>5+ 3F0/>2+ <0>5A5.G+ >53:C0+ F1+ AB0+ F10+ 30>/0
;B0+,5./26+.5?F>0+A5+OF5+57+.0A:.;2+A5+72.+;:7:32.+40>B0
OF5+.5+70+51/>5?0>01+A5+:1;5A:0/28+51+70+OF5+62+75+A:?0
OF5+12+OF:5>2+.5>+;D.+.F+;FM5>+6+<0>0+327;2+OF5+5./26
510;2>0A0+A5+F12+A5+.F.+;5M2>5.+0;:?2.9+V06+AB0.+51
OF5+32;<>51A2+OF5G+<5.5+0+/2A2G+5.+1535.0>:2+OF5+.5+72
5.3>:C0+ A5+ F10+ CF510+ H5IG+ 6+ 2/>2.+ 51+ OF5+ ;5+ A:?2+ OF5
5.2+.5>B0+F10+3>F57A0A+:1@/:79
!kk
100
1/6/00, 14:27
a-.+<512.2G+\12]
a*B9
a'5+:137:12+0+<51.0>+OF5+57+;5>2+45342+A5+A53B>.572
.5>B0+72+OF5+5K<>5.0./5+07+E:107W+F10+3>F57A0A+:1@/:79+Z2.+6
^50/>:I+.21+<0>0+*01/:0?2+.F.+>0I215.+A5+H:A09
a\P+F./5A]
aP2+.26+.F+<0A>59+-.+2/>0+32.09+U2.+<0A>5.+H:5151+A5
>5?072G+10A:5+72.+57:?59+U0+;FM5>+6+72.+4:M2.+.5+0AOF:5>51
<2>+F1+03/2+A5+H27F1/0A9+J2>+F10+A53:.:S1+<>2<:09+*01L
/:0?2+;5+OF:5>5G+370>2G+6+62+72+OF:5>2+0+Q7G+<5>2+.:5;<>5
40+;5A:0A2+51/>5+12.2/>2.+F10+A:./013:09+R21+.F+;0A>5
5>0+A:./:1/29+-770+.B+40CB0+72?>0A2+F10+CF510+32;F1:30L
3:S1G+6+.F+;F5>/5+EF5+<0>0+*01/:0?2+F10+30/D./>2E5+A:EB3:7
A5+ 0.:;:70>9+ -.+ 370>2+ OF5+ 51/2135.+ /51B0+ OF:135+ 0=2.9
J5>2G+32;2+/5+A53B0G+042>0G+<0>0+Q7+6+077B+A21A5+5./DG+H2.
6+^50/>:I+.21+.F+EF/F>2d+;5A:0/2+2+:1;5A:0/2G+12+:;<2>L
/09+o7+<:51.0+OF5+07?@1+AB0+.5+>5F1:>D+321+F./5A5.+A2.+6
/2A2+>532;51I0>D9
a*BG+5.2+5.+72+OF5+<:51.09
a&42>0+C:51G+32;2+H2.+A53B.G+.:+Q7+12+5./FH:5>0+51+70
3D>357+ /2A2+ 5.2+ .5>B0+ />:./5+ <5>2+ ;D.+ 12>;079+ #F130+ 5.
CF510+70+>F</F>0+A5+F10+<0>5M0G+<5>2+0+H535.+F10+321/:L
1F:A0A+E2>I0A0+<F5A5+.5>+;F342+<52>9
a\cFQ+;5+0321.5M0G+%0E057]
-7+.F5?>2+5;<:10+57+H0.2+6+030C0+321+57+v4:.r6+OF5+.5
40CB0+.5>H:A29+&42>0+5.+Q7+OF:51+>5.2<709
a'5/5>.5+51+70+H:A0+A5+72.+A5;D.+5.+.:5;<>5+F10+:;L
<>FA513:09
aJ5>2+*01/:0?2+5.+.F+4:M29
aP+H2.+/0;C:Q1+.2.+F1+<232+;:+4:M09
aP2+72+.:51/2+0.B9
aP0+72+.Q9+J2>+5.2+5.+;D.+32;<7:30A29
)/>0+H5I+.F510+57+/57QE212G+<5>2+57+.F5?>2+12+75H01/0
57+/FC29
a#2+ /5+ <>523F<5.9+ #2+ 5.+ U6A:09+ \$5+ 40CB0+ A:342+ .F
12;C>5]+cF:51+770;0+.:5;<>5+0+5./0+42>0+5.+F1+<5.0A29
(1+ 07F;12+ OF5+ ;5+ 4035+ :1/5>;:10C75.+ 321.F7/0.+ .2C>5
C:C7:2?>0EB09
!k!
101
1/6/00, 14:27
&7+<0>535>+57+07F;12+5.+<5>.5H5>01/5+2+/5>32+2+0;C0.
32.0.G+<2>OF5+57+/57QE212+.:?F5+.2101A29+J2>+E:1+HF57H5+57
.:7513:29
aP0+OF5+;5+<>5?F1/D.G+62+.5>B0+<0>/:A0>:2+A5+OF5+12
75+5.3>:C:5>0.+10A0+.2C>5+57+/5;09+)+.50+OF5+.:?0.+.:;FL
701A29+P0+.Q+OF5+5.2+4035+OF5+/5+.:51/0.+;079+J5>2+/51Q
51+3F51/0+OF5+H2.+5./D.+7:C>59+$51Q.+2/>2.+;2/:H2.+A5+:1L
/5>Q.+ 6+ A5+ 0E53/29+ o7+ 51+ 30;C:2+ /:515+ 3F0/>2+ <0>5A5.+ 6
07?F12.+C0>>2/5.9+N53:>75+70+H5>A0A+.5>B0+A5./>F:>729+P+62
12+OF5>>B0+OF5+;:+4:M2+EF5>0+A5./>F:A2+<>53:.0;51/5+042L
>0G+A5.<FQ.+OF5+40+.2C>5H:H:A2+0+/01/0.+3070;:A0A5.9+&7L
?@1+AB0G+3F01A2+.07?0+,.Q+OF5+H0+0+.07:>8+<2A>D.+A53B>.572
321+/2A0.+70.+75/>0.+6+/0;C:Q1+51E>51/0>+/2A0+.F+0;0>?FL
>09+P+3F01A2+775?F5+5.0+230.:S1G+/5+0F/2>:I2+0+OF5+75+A:L
?0.+OF5+EF:+62+OF:51+/5+0321.5MS+57+.:7513:29+&7+<>:13:<:2
75+ A0>D+ ;F340+ C>2130G+ 5./0770>D+ 32;2+ 51+ .F.+ ;5M2>5.
/:5;<2.G+ 772>0>D+ /07+ H5IG+ 3>55>D+ OF5+ 57+ ;F1A2+ .5+ H:515
0C0M29+J5>2+<0>0+51/2135.+60+12+5./0>D+51/>5+3F0/>2+<0>5L
A5.G+ 60+ 5./0>D+ 75M2.+ A5+ 72.+ C0>>2/5.G+ 6+ /0;C:Q1+ /51A>DG
32;2+ H2.+ 042>0G+ 2/>2.+ ;2/:H2.+ A5+ :1/5>Q.+ 6+ A5+ 0E53/29
^F512G+Q./0+5.+;:+2<:1:S19+Z2.+;5+70+<5A:./59
a*BG+62+.5+70+<5AB9
a\P+OFQ+/5+<0>535]
&42>0+ 57+ .F5?>2+ <0>53B0+ ;D.+ 01.:2.2+ 6+ 15>H:2.2+ OF5
57709+RF01A2+:137:1S+1F5H0;51/5+70+C2/5770G+0AH:>/:S+OF5
70+;012+OF5+.2./51B0+57+H0.2+75+/5;C70C0+F1+<2329+$0;L
C:Q1+b>03:570+72+12/S9
a$>01OF:7B35.5+aA:M2G+<0>2A:D1A2729+o7+.5+0E72MS+51L
/2135.+6+>:SG+<5>2+.:1+;F340.+?010.9
a$07+H5I+.50+72+;5M2>9+)+<2>+72+;512.+72+@1:32+.51L
.0/29
aR2;<>51A2+ OF5+ 1:1?F10+ .27F3:S1+ 5.+ /2/07;51/5
035</0C759+ \P+ .0CQ.+ <2>+ OFQ+ 12+ 72+ 5.]+ J2>OF5+ 72+ @1:32
H5>A0A5>0;51/5+ :1035</0C75+ 5.+ 70+ .:/F03:S1+ OF5+ H:H5
*01/:0?29
aR>52+ OF5+ H26+ 0+ .5?F:>+ .F+ 321.5M29+ *5?F:>Q+ .:;FL
701A29
a&A5;D.G+ 57+ EF/F>2+ <F5A5+ A5<0>0>+ .2><>5.0.9+ &+ /2L
!kT
102
1/6/00, 14:27
A2.9+ &.B+ 32;2+ 426+ 12+ 72+ 1535.:/D.G+ <2AQ.+ H27H5>+ 0

1535.:/0>729
a'5+3>55+A5;0.:0A2+:15./0C75G+\H5>A0AG+%0E057]
a#29+R>52+OF5+/2A2.G+72.+OF5+5./0;2.+0OFB+6+72.+OF5
5./D1+51+/01/0.+2/>0.+<0>/5.G+H:H:;2.+F1+A5.0MF./59+(12.
;D.G+2/>2.+;512.G+4035;2.+57+5.EF5>I2+<2>+2>?01:I0>12.G
<2>+5;<5I0>+A5+1F5H2G+<2>+<215>+F1+<232+A5+2>A51+51
1F5./>2.+ .51/:;:51/2.G+ 51+ 1F5./>0.+ >5703:215.G+ 51+ 1F5.L
/>0.+12./07?:0.9+J5>2+12+C:51+12.+A5.3F:A0;2.G+>50<0>535
57+302.9+P+30A0+>530BA0+51+57+302.+,<5>A21D+70+>5AF1A01L
3:08+5.+;D.+30S/:309
b>03:570+35>>S+72.+2M2.+<2>+F1+>0/29+-7+.F5?>2+70+;:>SG
:1/>:?0A29+cF:ID+/FH2+;:5A2+A5+OF5+.27/0>0+57+7701/29+J5>2
5770+H27H:S+0+0C>:>72.+6+.S72+5./0C01+75H5;51/5+4@;5A2.G
2+OF:ID+F1+<232+C>:7701/5.9+':>S+0/51/0;51/5+57+H0.2+H0L
3B2+OF5+/51B0+0@1+51+.F+;012+6+72+5./:>S+403:0+A21+%0L
E0579
a\'5+A0+2/>2+/>0?F:/2]
!k[
103
1/6/00, 14:27
N)#+%&h&-U+,#2/:3:0.+A5+-;:7:28
'5+ .:51/2+ 32;2+ 5./>FM0A2G+ 32;2+ <5>A:A29+ R2;2+ M0L
A501/5G+<5>2+.:1+M0A529+R2;2+/>0.+F10+H:H513:0G+;:.5>0L
C75+6+<>:;0>:0G+A5+70+<0/5>1:A0A9+R2;2+.:+;5+H:5>0+A5.A5
75M2.+ 51+ F1+ 5.30<0>0/5+ ,60+ 30.:+ <5>AB+ 57+ 4DC:/2+ A5+ A53:>
H:A>:5>08+ 6+ ;:+ <>2<:0+ :;0?51+ EF5>0+ 70+ A5+ F1+ ;01:OFB+ 07
OF5G+<0>0+4035>72+;D.+>:AB3F72G+.S72+75+4FC:5>01+A5M0A2
<F5./0+ F10+ 32>C0/09+ &E2>/F10A0;51/5G+<0>535+OF5+321L
H513B+0+b>03:570G+<5>2+62+;:.;2+\5./26+321H513:A2]+U0
4:<23>5.B0+5.+F1+H:3:2G+<5>2+12+5./26+/01+321H513:A2+A5
OF5+70+E>01OF5I0+.50+.:5;<>5+F10+H:>/FA9+cF:5>2+.5>+>50L
7:./0G+ OF:5>2+ .5>+ 0;<7:2G+ OF:5>2+ .5>+ E75K:C75G+ OF:5>2+ .5>
321/5;<2>D1529+ U0+ M2A0+ 5.+ OF5+ 0A5;D.+ .26+ <0A>59+ )
.50+OF5+3F01A2+*01/:0?2+.07?0+<2>+E:1+A5+.F+<>:.:S1+,57
0C2?0A2+030C0+A5+51H:0>;5+F10+30>/0+C0./01/5+5.<5>01L
I0A2>08G+ 0OFB+ 75+ 5.<5>0+ 2/>09+ Z5>+ 0+ b>03:570+ 0+ />0HQ.+ A5
72.+C0>>2/5.+A5+F1+0;2>+0M5129+%5.30/0>+0+^50/>:I+72.+E:L
15.+A5+.5;010+6+775H0>70+07+I227S?:32+6+0+72.+<0>OF5.+6
07?F10+ H5I+ 07+ 3:15+ 6+ <>5?F1/0>75+ ;F6+ <230.+ 32.0.+ 32;L
<>2;5/5A2>0.+<2>OF5+30A0+>5.<F5./0G+<2>+301A2>2.0+OF5
.50G+75+/>05>D+F1+A5.0.2.:5?2G+75+40>D+4035>+F1+3D73F729+P
7F5?2W+/>0/0>+1F5H0;51/5+0+%2701A2+\32;2+OFQ]G+\32;2
57+ H:5M2+ 32;<0=5>2+ A5+ ;:7:/013:0+ 6+ 40./0+ A5+ 357A0+ 2
32;2+ 07+ 42;C>5+ OF5+ 042>0+ .5+ 03F5./0+ 321+ .F+ ;FM5>]
\cFQ+<0.0+.5=2>5.+321+;:+4:M2]+*Q+72+OF5+<2.55+6+40./0
72+OF5+75+.2C>0G+<5>2+70+<>5?F1/0+A5+426+5.+OFQ+75+E07/09
\RFD7+40+.:A2+70+30>513:0+A5+5./0+4:./2>:0]+#2+;5+3F5./0
:;0?:10>+72.+<7:5?F5.+6+>5<7:5?F5.+OF5+40351+OF5+70+?51L
/5+72+OF:5>0G+<5>2+;5+A5370>2+/034F570+035>30+A5+72.+A5.L
<7:5?F5.+OF5+72+321AF351+07+A5.0;2>9+\cFQ+30>513:0+40
45>5A0A2+A5+;B+2+A5+.F+;0A>5]+$51?2+OF5+51321/>0>709
$51?2+OF5+51321/>0>+0+5.5+4:M2+H5>A0A5>2+OF5+030.2+/2L
A0HB0+ 12+ .Q+ OF:Q1+ 5.9+ V26+ <>53:.0;51/5+ A5.5;<27HQ+ 70
!k`
104
1/6/00, 14:27
30>/0+ 3701A5./:10G+ 70+ @1:30+ OF5+ 40./0+ 042>0+ ,/2A0HB0+ :?L

12>2+3FD7+EF5+57+:1.S7:/2+301078+<FA2+51H:0>+321+/2/07+?0L
>01/B0+A5+OF5+12+<0.0>0+<2>+70+351.F>0+30>3570>:09+P+5KL
/>0=0;51/5+ 5.0+ 30>/0+ .:1?F70>+ EF5+ <0>0+ ;B+ 6+ 12+ <0>0
b>03:5709+ XhBM0/5G+ Z:5M2G+ .:+ 5./0>Q+ .5?F>2+ A5+ 5./5+ -86638
OF5+45+>5.F57/2+A53:>/5+70.+:;<>FA513:0.+OF5+H0.+0+755>9+&
07?F:51+/51?2+OF5+4035>75+.5=0.+A5.A5+5./5+<D>0;2+6+0
OF:Q1+.:+12+0+H2.9+$51?2+OF5+4035>+.5=0.+<0>0+12+A5.0>L
;0>;5G+ <0>0+ 12+ >5AF3:>;5+ 0+ <5A0I2.9+ #2+ /5+ 0E7:M0.W+ 5.
F10+;5/DE2>09+J5>2+A5+07?F10+;015>0+/>0AF35+F10+.51L
.03:S1G+ \12]+ J21?0;2.+ 70.+ 32.0.+ 51+ 370>2W+ 12+ /51?0.
;:5A2+ A5+ OF5+ 4060+ 40C70A2G+ 2+ A570/0A2+ 0+ 07?F:519+ -.2
129+ V06+ 07?F10.+ 32.0.+ OF5+ H2.+ ;5+ 51.5=0./5+ 6+ Q.0+ 5.
F10+A5+70.+OF5+0<>51AB9+&4G+<5>2+/0;<232+.26+F1+4Q>259
\$5+ 0.2;C>0>B0.+ .:+ /5+ A:M5.5+ OF5+ 0@1+ 12+ .Q+ .:+ 3077Q+ <2>
321H:33:S1+2+<2>+3D73F72]+*BG+<2>+3D73F729+*:5;<>5+2C.5>L
HQ+OF5+;:51/>0.+72+15?D.+/2A2G+.B+/5+2C./:1D.+51+A53:>+OF5
12+6+OF5+12+321+70+30C5I0+321+70.+;012.G+321+72.+70C:2.G
321+72.+2M2.G+321+70+?0>?01/0G+72.+/:<2.+:?F07+/5+A01+32;2
51+C27.0G+370>2G+<5>2+0+H535.+12/D.+OF5+51+57+E21A2+.2.L
<53401+ OF5+ 75.+ 5./D.+ A:3:51A2+ 70+ H5>A0AG+ 2+ .50+ OF5+ 12
.0CQ.+10A0+A5+10A0d+04+<5>2+51+30;C:2+.:+E70OF5D.+6+A5L
3B.+F10+32.0+;B1:;0G+F10+<0H0A0+OF5+030.2+12+75.+.:>H0
<0>0+10A0+6+321+70+OF5+12+M2AQ.+0+10A:5G+51/2135.+70+03L
/:/FA+30;C:0G+<2>OF5+0+<0>/:>+A5+5.5+;2;51/2+3>551+OF5
.0CQ.+;F34B.:;2+;D.G+6+04B+.B+OF5+/5+0;0.:M01G+.5+51.0L
=01+321+H2.9+*:+15?D.+<5>;0151/5;51/5G+/5+H01+0+>5H51L
/0>G+ 5.+ 7S?:32G+ <5>2+ /0;C:Q1+ 5.+ <2.:C75+ OF5+ 0+ <0>/:>+ A5
3:5>/2+AB0+/5+A5M51+/>01OF:72G+<2>OF5+OF:ID+.5+321H51I01
A5+OF5G+5E53/:H0;51/5G+12+.0CQ.+10A09+J5>2+.:+A53B.+07?2G
F1+A0/2+;B1:;2G+51/2135.+M0;D.+/5+A5M0>D1+/>01OF:729+&
72+ ;5M2>+ /5+ 0C01A2101+ <2>+ F1+ /:5;<2G+ <5>2+ A5.<FQ.
HF57H51+0+70+30>?09+U5.+2C.5.:210+5K/>05>/5+57+>5./29+ N5
04B+OF5+/5+>5<:/0+OF5+12+.Q+.:+3077Q+<2>+321H:33:S1+2+<2>
3D73F729+$07+H5I+.50+<2>+5./2+@7/:;29+J5>2+51+57+E21A2+.21
A5E51.0.+OF5+F12+?515>09+N5+/2A2.+;2A2.+5./26+321E2>L
;5G+<2>OF5+10A:5+306S+<2>+F10+E72M5>0+;B09+J5>2+12+5.
A5+5./2+OF5+OF:5>2+40C70>/59+Z2.+.0CQ.+3FD7+40+.:A2+.:5;L
!ke
105
1/6/00, 14:27
<>5+70+0>?F;51/03:S1+A57+0C2?0A2W+12+;0/Q+0+10A:5G+\5.L
/0;2.]+ JF5.+ .B+ ;0/Q9+ cF5+ 12+ /5+ H51?0+ 57+ :1E0>/2G+ \54]
-./2+ 12+ 72+ .0C51+ 1:+ 57+ 0C2?0A2+ 1:+ ;:.+ 32;<0=5>2.+ 1:
b>03:570+1:+10A:59+*S72+H2.+72+5./D.+.0C:51A2+042>0G+6+72
5./D.+.0C:51A2+<2>OF5+/51?2+OF5+OF:/D>;572+A5+513:;09
P0+H5.+72+OF5+0>>:5.?2+<21:Q1A272+0OFB+51+C70132+6+15L
?>2G+<2>+;DK:;0+OF5+.50+70+.5?F>:A0A+51+57+-86638:(6+.:1
5;C0>?2+72+40?2+<2>OF5+60+12+<F5A2+775H0>72+0+.270.9+$5
3F51/29+ V03B0+ 32;2+ A:5I+ AB0.+ OF5+ 62+ 5./0C0+ 51+ 57
3/,366$7368:(F12+A5+/01/2.9+U2.+@7/:;2.+A2.+AB0.+72.+40L
CB0+<0.0A2+.272G+.:1+.07:>+M0;D.+0+70+30775G+32;:51A2+5KL
37F.:H0;51/5+ A5+ 70/0.G+ 75651A2+ 07?F10+ 12H570+ <27:3:07G
5.3F3401A2+70+>0A:2+0+/>01.:./2>5.+<5>2+.S72+321+0F>:3FL
70>+<0>0+12+770;0>+70+0/513:S19+N5+AB0+5./0C01+70.+<5>.:0L
10.+35>>0A0.9+$0;C:Q1+A5+12345G+370>2G+<5>2+.:1+51351L
A5>+1:1?F10+7FI9+V0CB0+OF5+;01/515>+57+0.<53/2+A5+30.0
A5.40C:/0A09+U0+?>01+H51/0M0+A5+5.5+3/,366$7368(5>0+OF5
/51B0+ .07:A0.+ 0+ A2.+ 30775.+ A:./:1/0.G+ 6+ 5.2G+ 51+ ;5A:2+ A5
/2A2G( ;5+ 2/2>?0C0+ 3:5>/0+ .5?F>:A0AG+ <2>OF5+ 70+ .5?F1A0
.07:A0+5./0C0+;F6+A:.:;F70A0G+07+E:107+A5+F1+32>>5A2>+07
OF5+ A0C01+ H0>:2.+ 0<0>/0;51/2.9+ U0+ ;062>B0+ 5>01
CF7:13:/2.G+0.B+OF5+57+;2H:;:51/2+5>0+5.30.2+6+5.2+/0;L
C:Q1+ 06FA0C09+ P2+ .B+ OF5+ A2>;B0+ 321+ F1+ 2M2+ 0C:5>/2G+ 6
F10+12345+3:5>/2.+>235.+75H5.+6+<0.2.+30.:+:;<5>35</:C75.
4:3:5>21+OF5+0C>:5>0+57+2M2+1@;5>2+A2.9+'5+<0>53:S+OF5
<>2H51B01+A57+M0>A:13:/2+A57+E>51/59+':>Q+<2>+51/>5+70.+<5>L
.:010.+6+H:+F10+.2;C>0+OF5+0<510.+.5+C0701350C0G+<5>2
12+073013Q+0+A:./:1?F:>+.:+5>0+70+.2;C>0+A5+F1+/:<2+2+70+A5
F1+<:1:/2+;5A:2+51012+OF5+40CB0+51+57+.5?F1A2+301/5>29
'5+ OF5AQ+ :1;SH:7G+ <5>2+ A5+ <>21/2+ /FH5+ 70+ :1/F:3:S1+ A5
OF5+07?F:51+.5+;2HB0+51+57+:1/5>:2>+A5+70+30.09+J51.D1A2L
72+042>0G+3>52+OF5+5772.+5./0C01+/01+.5?F>2.+A5+OF5+077B
12+40CB0+10A:5+OF5+A5.3F:A0>21+F1+<232+.F.+12>;0.+A5
.5?F>:A0A9+&A5;D.G+/51?2+70+:;<>5.:S1+A5+OF5+5>01+<2L
32.G+ .S72+ />5.+ 2+ 3F0/>2G+ 6+ OF5+ .5+ 40CB01+ 035>30A2+ 0+ 70
30.0+12+<2>OF5+.F<:5>01+10A0+51+3213>5/2+.:12+<2>OF5+0
5.0+07/F>0+.2.<5340C01+A5+/2A29+P+51/2135.+;5+:7F;:1S
F10+7:1/5>10+6+<0.S+F1+;:1F/2+OF5+<0>0+;B+EF5+F10+5/5>L
!kf
106
1/6/00, 14:27
1:A0A+6+F10+H2I+A:M2+;F6+C0M2W+*01/:0?2G+\OFQ+403Q.+H2.
0OFB]+ &7+ <>:13:<:2+ <51.Q+ 51+ 07?@1+ 32;<0=5>2G+ <5>2+ 12
<2AB0+.5>+<2>OF5+5772.+;5+770;0C01+A5+2/>2+;2A2G+<5>2
7F5?2+Q7+0<0>/S+F1+<232+70+7:1/5>10+OF5+;5+51301A:70C0+6
<FA5+H5>G+<>:;5>2+57+F1:E2>;5G+7F5?2+57+0>;0+OF5+5;<FL
=0C0G+ <2>+ @7/:;2+ 57+ >2./>29+ \*0CQ.+ OF:Q1+ 5>0]+ &?0>>0/5G
Z:5M29+->0+-;:7:29+*BG+57+;:.;:/2+OF5+H2.+<51.D.G+57+4:M2
A5+ /B0+ &10G+ /F+ .2C>:129+ #2+ .0CQ.+ 57+ A5.E:75+ A5+ :;D?515.
OF5+<0.01+<2>+70+30C5I0+A5+F12+51+F1+;2;51/2+0.B9+P2
/51B0+<232+;0>?51+<0>0+/2;0>+A53:.:215.d+;D.+C:51+5>0
Q7+OF:51+<2AB0+A2;:10>+70+.:/F03:S1G+60+OF5+62+12+5./0C0
51+321A:3:215.+A5+07301I0>+;:+0>;09+-1+57+M0>A:13:/2+40L
CB0+<0.2.G+>F:A:/2.9+o7+H27H:S+0+40C70>W+*01/:0?2G+>51A:/5G
5.+ 72+ ;5M2>G+ 12+ .0CB0+ OF5+ 01AFH:5>0.+ 51+ 5./2+ <5>2
>51A:/59+P+;:>0C0+57+0>;0G+12+70+.F60+.:12+70+;B0G+70+OF5
62+12+<2AB0+07301I0>9+P2+/0;<232+.0CB0+OF5+01AFH:5>0.
51+5./2G+-;:7:29+&;C2.+40C7DC0;2.+51+.F.F>>2.9+$01/2.
0=2.+ .:1+ H5>12.G+ ;F>;F>S9+ '07+ ;2;51/2+ <0>0+ 51321L
/>0>12.G+ \54]G+ .F.F>>Q9+ P+ A5+ <>21/2+ /2;Q+ F10+ A53:.:S1
:1./01/D1509+JF.5+;:.+A2.+<F=2.+MF1/2.+6+;5+0>>:;Q+0+Q7G
32;2+<0>0+OF5+;5+5.<2.0>0+70.+;F=530.9+-./D+C:51G+;5
>:1A29+P+Q7+.5+321E:S9+#2+.5+4FC:5>0+321E:0A2+51+1:1?@1
2/>29+N5MS+OF5+;5+035>30>0+6+40./0+;5+<0>535+OF5+C0MS
F1+<232+57+0>;09+#2+.Q+042>0+OFQ+;2H:;:51/2.+H5>/:?:L
12.2.+4:35G+<5>2+72+3:5>/2+5.+OF5+/>5.+.5?F1A2.+;D.+/0>A5
5.0.+ A2.+ ;012.+ ;B0.+ OF5+ :C01+ 0+ .5>+ 5.<2.0A0.+ 75+ 5./0L
C01+ 0<>5/01A2+ 57+ 3F5772+ 6+ 72+ .:?F:5>21+ 0<>5/01A2+ 40./0
OF5+ OF5AS+ :1;SH:79+ #2+ .Q+ 3S;2+ <FA2+ 23F>>:>+ /2A2+ /01
.:7513:2.0;51/59+U0.+.2;C>0.+.5?FB01+;2H:Q1A2.5+51+57
M0>A:13:/2+ <5>2+ /0;<232+ 40C70C01G+ 6+ 5>0+ 32;<>51.:C75G
12+<2AB01+>5H570>+0.B+12;D.+.F+<>5.513:09+P2+5./0C0+A5.L
307I2+<5>2+H5./:A2G+.:5;<>5+A2>;B0+H5./:A29+R0;:1Q+/2A2
72+>D<:A2+OF5+<FA5+403:0+70+.5?F1A0+.07:A0G+>532?:51A2
A5+<0.2+F10.+07<0>?0/0.+OF5+5./0C01+.2C>5+F10+.:7709+U75L
?FQ+0+70+<F5>/0+A5+70+2/>0+30775G+70+OF5+A0C0+07+32>>5A2>
A5+72.+CF7:13:/2.9+&4B+12+40CB0+<5>.:010.+1:+;:>:770G+2+.50
OF5+.:;<75;51/5+40CB0+OF5+0>>:5.?0>.5G+6+;5+0>>:5.?FQ9
*07B+ 6+ 12+ 40CB0+ 10A:59+ ->01+ 70.+ />5.+ A5+ 70+ ;0A>F?0A09
!kg
107
1/6/00, 14:27
&H013Q+A:5I+;5/>2.G+.:1+32>>5>G+6+A5+<>21/2+72+H:+6+12+<2L
AB0+3>55>72W+F1+S;1:CF.+0H01I0C0+751/0;51/5G+321+.S72
A2.+ <0.0M5>2.G+ F12+ A5+ 5.2.+ H:5M2.+ 0F/2CF.5.+ A5+ RF/3.0
321+ <70/0E2>;0+ 0C:5>/09+ $>5<Q+ A5+ F1+ .07/29+ '5A:0+ 42>0
A5.<FQ.+C0MQ+51+70+J70I0+"1A5<51A513:09+#F130+72.+A:0L
>:2.+ ;513:210>21+ 5.0+ ;:1:2<5>03:S1+ E>F./>0A0G+ 1:+ 57
12;C>5+A5+-;:7:2+0<0>53:S+32;2+F10+A5+70.+12C75.+HB3/:L
;0.+A5+70+.FCH5>.:S1+0.5.:109+*S72+57+0H:.2+;2>/F2>:29+P
40./0+5./DC0;2.+12.2/>2.+,H2.G+62G+ b>03:570G+ 5/398+ 51/>5
72.+A5FA2.+OF5+<0>/:3:<0C01+321+<>2EF1A2+A272>+57+E0775L
3:;:51/29+ cF:ID+ H2.+ 4060.+ 5./0A2+ 51+ 57+ H572>:29+ P2+ 12G
370>2G+0F1OF5+51+07?@1+;2;51/2+/FH5+70+/51/03:S19+J5>2
0+ 5.0+ 07/F>0+ 60+ 5./0C0+ ;F6+ OF5;0A29+ (1+ 0=2+ A5.<FQ.G
3F01A2+12.+0?0>>0>21+51+70+>5A0A0+A5+Z:770+'F=2IG+;5
.2;5/:5>21+0+3:51/2.+A5+:1/5>>2?0/2>:2.G+;5+A5.4:3:5>21
C0./01/5G+ <5>2+ M0;D.+ ;5+ <>5?F1/0>21+ .2C>5+ 5.29+ \J2>
OFQ+12+A:5>21+3F51/0+A57+45342]+#F130+72+.0C>Q9+U0+H5>L
A0A+5.+OF5+10A:5+51+70+E0;:7:0+.0CB0+OF5+-;:7:2+5>0+30109
J5>2+.:+.F+<>2E5.:S1+5>0+/01+;:./5>:2.0G+\<2>+OFQ+775H0C0
F1:E2>;5]+$5+<>5?F1/0>D.+ <2>+ OFQ+ /5+ 51.0>/2+ /2A2+ 5./29
$5+72+3F51/2+<2>OF5+1F130+;5+45+7:C>0A2+A5+5.0+033:S1G
OF5+ <0>0+ ;B+ EF5+ 2C7:?0A09+ \J>5MF:3:2+ <5OF5=2CF>?FQ.]
$07+H5I9+-.+;:+@1:30+;F5>/5G+OFQ+:>21B09+-./FH5+51+;D.
A5+F1+51E>51/0;:51/2+6+51+H0>:0.+230.:215.+5./FH:5>21+0
<F1/2+A5+7:;<:0>;5G+6+62+/0;C:Q1+5./FH5+0+<F1/2+A5+7:L
OF:A0>+ 0+ 07?F12G+ <5>2+ <0>535+ OF5+ ;:+ <F1/5>B0+ A5M0+ F1
<232+ OF5+ A5.50>9+ #2+ /51?2+ 1:1?F10+ 2/>0+ ;F5>/5+ 51+ ;:
40C5>+,\2+.5>D+51+;:+A5C5]89+\RFD7+5.+57+<>2C75;0]+cF5
57+ <>:;2+ 12+ .5+ ;5+ C2>>09+ #:+ .5+ ;5+ C2>>01+ ;:.+ ;012.
3>:.<0A0.+0<>5/D1A275+57+3F57729+*F5=2+321+Q7+A2.+2+/>5.
H535.+07+;5.G+<5>2+1F130+51+57+03/2+A5+;0/0>729+#2+.21
<5.0A:770.9+*F5=2+321+F1+<0.0A2+75M01B.:;2G+3F01A2+0;L
C2.+ Q>0;2.+ 1:=2.+ ,;5+ 775H0C0+ F1+ 0=2G+ \12]8+ 6+ MF?DC0L
;2.+07+E@/C27+51+57+30;<:/2+OF5+OF5A0C0+0/>D.+A5+70+:?75L
.:0G+2+3F01A2+51+72.+;5.5.+A5+H0303:215.+BC0;2.+07+J>0L
A2+51+42>0.+A5+70+.:5./0G+;:51/>0.+F./5A5.+72.+0AF7/2.+.FL
3F;CB01+0+70+;2A2>>0+6+12.2/>2.+12.+.51/B0;2.+<0>/:3FL
70>;51/5+7:C>5.+6+12.+/51AB0;2.+.2C>5+57+3Q.<5A+2+57+327L
!ki
108
1/6/00, 14:27
34S1+ A5+ 42M0.+ 6+ A:H0?DC0;2.+ 6+ A:H0?DC0;2.+ 6+ 403B0L

;2.+<>2653/2.+51+57+OF5+.:5;<>5+BC0;2.+0+5./0>+MF1/2.+6
0+ H:0M0>+ <5>2+ 51+ C0>32+ <2>OF5+ 72.+ 0H:215.+ 12.+ A0C01
;:5A2+6+0A5;D.G+0.B+A53B0+-;:7:2G+51+70+3FC:5>/0+A57+C0>L
32+<2A>5;2.+MF?0>+07+>01?2+6+0+70+<06010+6+51+30;C:2
51+72.+0H:215.+5.2+5./D+<>24:C:A2+<2>+70.+0I0E0/0.G+6+.5L
?FB0;2.+A:H0?01A2+6+Q7+:C0+0+.5>+:1?51:5>2G+<2>OF5+;5
?F./0+ 70+ >5?70+ A5+ />5.+ 32;<F5./0+ A53B0G+ 6+ 62+ :C0+ 0+ .5>
;@.:32+<2>OF5+;5+?F./0C0+/230>+U0+RF;<0>.:/0+.2<701L
A2+51+F10+42M:770+A5+EF;0>+0+/>0HQ.+A5+F1+<5:15G+6+/0;L
C:Q1+40C7DC0;2.+A5+F./5A5.+72.+H:5M2.+6+Q7+A:3/0;:10C0G
12+12.+32;<>51A51+<5>2+12.+OF:5>51G+6+/51B0;2.+E:M0A0
70+E>21/5>0+A5+72.+30/2>35+0=2.+<0>0+5.30<0>12.+A5E:1:/:L
H0;51/5+A5+.F+30.0+6+A5+;:+30.0+5+:1:3:0>+0.B+57+/2;2+A5
0H51/F>0.+ OF5+ /01/0.+ H535.+ 40CB0;2.+ 321./>F:A2+ 2>07L
;51/59+ -.+ 321+ 5.5+ -;:7:2+ OF5+ .F5=2+ 6+ <2>+ 5.2+ 12+ .21
<5.0A:770.9+U0+<5.0A:770+H:515+3F01A2+;5+A5.<:5>/2+6+51L
/2135.+H52+;:.+;012.+0<>5/D1A275+57+32?2/5+OF5+12+5>0
.F0H5+ 6+ E:1:/2+ 32;2+ 3F01A2+ /51B0;2.+ 2342+ 1F5H5+ A:5I
.:12+32>/2+6+>53421342+2+030.2+;5+<0>53:S+0.B+A5C:A2+07
3F5772+A57+F1:E2>;59+-1+H0>:0.+230.:215.G+0OFB+51+57+J5L
107+2+01/5.+51+57+3F0>/57G+.07:S+.F+12;C>5+0+7FIG+6+10A:5
.0C5+OF5+5>0+;:+<>:;2G+6+/2A2.+32:13:A51+51+OF5+5>0+F1
H5>AF?2G+F12+A5+72.+AF>B.:;2.G+F1+3010770+OF5+A:.E>F/0C0
;5/:Q1A275+07+<>5.2+70+<:3010+51+57+3F72+2+51+72.+4F5H2.G
6+07?F12.+3212351+OF5+;F>:S+4035+F1+/:5;<2+<5>2+:?12L
>01+ 51+ OFQ+ 3:>3F1./013:0.+ 6+ 62+ 12+ 0370>2+ 10A0+ 3F01A2
07?F:51+ 32;51/0+ 2M07D+ 12+ 4060+ .:A2+ A5+ ;F5>/5+ 10/F>07G
2M07D+75+40601+;034030A2+57+35>5C>2+0+5.5+4:M2+A5+<F/0G
.DA:32+A5+;:5>A0+6+2/>2.+307:E:30/:H2.+:?F07;51/5+572?:2L
.2.9+N5+;2A2+OF5+12+5.+5K03/0;51/5+F1+.51/:A2+A5+3F7L
<0+5./2+OF5+0+H535.+;5+A5.0.2.:5?0G+.:12+<51.0>+OF5+5.0
;0A>F?0A0+A5+07?F10+;015>0+032?2/Q+;:+:1E013:09+P+/07
H5I+ 032>A0>;5+ A5+ 70+ ;:>0A0+ A5+ 321E:01I0+ OF5+ Q7+ /51B0
3F01A2+ 62+ <F.5+ 72.+ <F=2.+ MF1/2.+ 32;2+ <0>0+ OF5+ ;5
5.<2.0>0+70.+;F=530.9+P+/07+H5I+<51.0>+426+OF5+51/2135.
40C7S+.F.F>>01A2+<2>+07?F10+>0IS19+cF:ID+<2>OF5+3>56S
OF5+62+12+5./0C0+.272+51+70+30.0+6+12+70.+/51B0+/2A0.+321L
!kj
109
1/6/00, 14:27
.:?2+0F1OF5+5>0+321.3:51/5+A5+OF5+;:+0>;0+12+5./0C0+0
;:+07301359+)+OF:ID+<0>0+OF5+72.+A5;D.+12+;5+;0/0>01
A5+<F>2+15>H:2.:.;2+2+A5+<F>0+3>F57A0AG+<2>OF5+A5.<FQ.
A5+/2A2+62+5>0+57+<>:;2+*01/:0?2+6+5>0+;5M2>+321.5?F:>
OF5+;5+.2;5/:5>0+H:H2+6+12+775H0>;5+30ADH5>+6+OF5+07L
?@1+AB0+70+E0;:7:0+.5+51/5>0>0+A5+.5;5M01/5+A5.0?F:.0A29
)+OF:ID+<2>OF5+0+Q7+/0;C:Q1+.5+75+H:12+A5+>5<51/5+/2A2+57
<0.0A2+ 51+ 32;@1+ 321+ 1F5./>0.+ A:H0?03:215.+ .2C>5+ 57
3Q.<5A+6+57+32734S1+A5+42M0.G+6+5.2+72+A5.32135>/S+6+72
A5MS+:15>;59+)+OF:ID+<2>OF5+12+75+0.07/0>21+/01+>D<:A0L
;51/5+ 32;2+ 0+ ;B+ 70.+ <>2EF1A0.+ A:E5>513:0.+ :A527S?:30.
OF5+ 042>0+ 12.+ 51E>51/0C01+ 51+ F10+ ?F5>>0+ .:1+ 3F0>/57+ 6
.:1+<>:;2.9+J5>2+62+1F130+40CB0+;0/0A2+0+10A:5G+Z:5M2G+6
3>52+ OF5+ Q./5+ ;:+ @1:32+ E2?F52+ ;5+ 40+ ;0>30A2+ <0>0
.:5;<>59+ &+ 72+ ;5M2>+ 5.2+ OF:5>5+ A53:>+ OF5+ .26+ F1+ E72M2G
0F1OF5+ 4060+ .:A2+ ;F6+ EF5>/5+ 51+ 2/>0.+ 32.0.9+ P+ /5+ A:?2
;D.W+3>52+OF5+12+;5+.51/:>B0+0.B+.:+72+4FC:5>0+;0/0A2+0
/:>2.+51+F1+51E>51/0;:51/29+'5+.:51/2+0.B+<2>OF5+72+;0/Q
A5+5.5+2/>2+;2A2G+3S;2+/5+A:>QG+:112C75G+F1+<232+>F:1+/07
H5IG+6+F.01A2+6+0CF.01A2+A5+.F+5./F<2>G+OF5+5>0+,.:+OF:5L
>2+ .5>+ .:135>2G+ 12+ <F5A2+ 5H:/0>+ <51.0>+ 0.B8+ F1+ 5./F<2>
0E53/:H29+P+0F1OF5+042>0+.Q+OF5+.5+40CB0+321H5>/:A2+51
F1+/:<2+.:1:5./>2G+51+07?F:51+.01?F:10>:2+6+.:1+5.3>@<F72.G
6+ /2A2.+ A:351+ 6+ 62+ /0;C:Q1+ ;5+ A:?2+ OF5+ C:51+ ;F5>/2
5./DG+72+3:5>/2+5.+OF5+3F01A2+75+0<>5/Q+57+3F5772+321+;:.
;012.+3>:.<0A0.G+62+:?12>0C0+5.2+6+72+;0/Q+.513:770;51L
/5+<0>0+.2C>5H:H:>G+0+Q7+OF5+40CB0+A:H0?0A2+321;:?2+.2L
C>5+F1+32734S1+A5+42M0.+6+40CB0+45342+321;:?2+<>2653L
/2.+32;F15.+A5+5.30<0A0.+A5+.F+30.0+6+;:+30.0+6+A5+H:0L
M5.+ 51+ C0>32+ <0>0+ MF?0>+ 0+ 70+ <06010+ 6+ 07+ >01?29+ *21G
3S;2+/5+A:>QG+A2.+H072>5.+A:./:1/2.G+A2.+:A51/:A0A5.+A:.L
/:1/0.G+A2.+-;:7:2.+6FK/0<F5./2.9+Z:5M2G+\;5+51/51AQ.]+&
b>03:570+ 12+ .5+ 72+ 3F51/2+ 1:+ .5+ 72+ 321/0>Q+ <2>OF5+ 12+ 72
32;<>51A5>B0G+ <2>OF5+ 5770+ /:51A5+ .:5;<>5+ 0+ .:;<7:E:30>
70.+32.0.9+'5+A:>B0+4:3:./5+C:51G+F1+H5>AF?2+;512.9+)+;5
A:>B0W+ 3S;2+ <FA:./5+ 4035>75+ 5.2+ 0+ /F+ <>:;29+ P+ 12+ 5.+ 1:
F10+32.0+1:+70+2/>09+-.+;D.+32;<7:30A2G+Z:5M2G+;D.+32;L
<7:30A29+&42>0+F10+32.09+$51Q+51+3F51/0+OF5+5./0+30>/0
!!k
110
1/6/00, 14:27
5.+F10+2<2>/F1:A0A+@1:30+,07?@1+AB0+5.<5>2+<2A5>+321L
/0>/5+ 3S;2+ <FA2+ A0>.5+ 5./5+ :13>5BC75+ 0I0>8+ OF5+ .5?F>0L
;51/5+ 12+ .5+ >5<5/:>D+ 1F130+ ;D.9+ -.+ :;<2.:C75+ OF5+ ;5
321/5./5.+ <2>+ 5.0+ HB0+ 2+ <2>+ 2/>0+ OF5+ .50+ /01+ A:?10+ A5
321E:01I09+*:1+5;C0>?2+/51Q.+OF5+321/5./0>;59+\Z5>A0A
OF5+ .BG+ Z:5M2G+ H5>A0A+ OF5+ ;5+ H0.+ 0+ 321/5./0>]+ $51A>D.
OF5+4035>72+<2>+70+HB0+12>;07G+70+OF5+<0.0+:1A5E53/:C75L
;51/5+<2>+70+351.F>0+30>3570>:09+$51A>5;2.+OF5+7:;:/0>L
12.+0+.S72+A2.+>5.<F5./0.+<2.:C75.G+0F1OF5+C:51+.0C5;2.
3FD1/2.+ ;0/:35.+ <F5A5+ 40C5>+ 51/>5+ F10+ 6+ 2/>09+ $2;D
12/0G+51/2135.9+*:+/5+403Q.+30>?2+A5+70+.:/F03:S1d+12+A:?2
.:+ 0<>2CD.+ 2+ MF./:E:3D.G+ <5>2+ .:+ <2>+ 72+ ;512.+ 70+ 32;L
<>51AQ.G+0>>5?70/5+<0>0+OF5G+A2.+7B150.+01/5.+A57+.07FA2
E:107G+E:?F>5+70+<070C>0+3/,+3/789+*:+51+30;C:2+/5+<0>535
07?2+ 0C653/2+ 2+ :10A;:.:C75G+ 51/2135.+ 0>>5?7D/570.+ <0>0
5.3>:C:>+/8(3/,+3/789+\-./0;2.]+R40FG+Z:5M29Y+U5B+0OF5L
770+ 30>/0+ 32;2+ A:5I+ H535.+ 6+ ;5+ /2;Q+ A2.+ AB0.+ 01/5.+ A5
5;<5I0>+ 0+ 5.3>:C:>759+ ':+ 30>/0+ /5>;:10C0+ 0.BW+ X':+ 1:5/0G
OF5+32;2+.5?F1A0+<>:2>:A0A+5.+/0;C:Q1+/F+4:M0G+7:1A0+6
5.<0C:70A0+32;2+.:5;<>5G+40+5;<5I0A2+0+5./FA:0>+E>01L
3Q.G+\OFQ+/5+<0>535]+&+H535.G+3F01A2+H:515+0+H5>;5G+;5
<215+ 07+ AB0+ 321+ .F+ @7/:;0+ 7533:S1+ E>0134F/09+ J5>2+ A5C2
5./0>+ ;5A:2+ AF>2+ A5+ 2BA2.+ ,72.+ 0=2.+ 06+ 12+ <0.01+ 51
H0128+2+OF:ID+A5+;5;2>:0G+60+OF5+0+AF>0.+<510.+70+51L
/:51A2+ 3F01A2+ ;5+ A:35G+ 321+ 57+ C0>1:I0A2+ 0351/2+ A5+ 70
&77:0135G+07?F12+A5+72.+3F51/2.+A5+J5>>0F7/9+R40FG+4:M2Y9
!!!
111
1/6/00, 14:27
-U+)$%)+,$F>F70/2+6+/2A28
J0>0+ Q7+ 5.+ F10+ .51.03:S1+ 1F5H09+ P+ 12+ 5.+ A5.0?>0A0L
C75G+OFQ+H0+0+.5>9+J5>2+72+3:5>/2+5.+OF5+.5+40+;5/:A2+51
F1+0/2770A5>29+#F130+75+40CB0+<0.0A2+5./2+321+1:1?F10
;FM5>9+*:5;<>5+40CB0+.:A2+Q7G+%2701A2+&.F5>2G+57+<>2<:5L
/0>:2+A5+70+:1:3:0/:H0G+57+OF5+40CB0+775H0A2+70.+>:51A0.+A5
30A0+>5703:S1G+/5>;:10>0+2+12+51+70+30;09+P+5.2+.BG+F10
3F5./:S1+A5+<>:13:<:2.W+OF5+EF5>0+<>2H:.:2107G+321+/2A2.
72.+A0/2.+6+<>2<S.:/2.+C:51+370>:/2.G+/>01.<0>51/5.+32;2
57+V!)+6+.:1+OF5+10A:5+<FA:5>0+7F5?2+0>>:13210>72+321+57
35>/:E:30A2+ 2>07+ A5+ 07?F10+ <>2;5.0+ :13F;<7:A09+ R2;2
2;:/:S+A53:>+57+-375.:0./Q.W+<0>0+12+:13F;<7:>+<>2;5.0.G
72+;5M2>+5.+12+4035>70.9+&E2>/F10A0;51/5G+6+5./2+A5CB0
>5321235>72G+.:5;<>5+40CB0+51321/>0A2+;FM5>5.+?0F340.
6+C:51+A:.<F5./0.G+OF5+0A;:/B01+A5.A5+57+<:OF5+70.+>5?70.
A57+MF5?2+6+OF5+A5.<FQ.G+3F01A2+Q./5+32137FB0G+.5+5.EFL
;0C01+ 321+ F1+ 340F+ 32>A:07+ 6+ .01/0.+ <0.3F0.9+ J2>+ 2/>0
<0>/5G+ 0+ 70.+ AF5=0.+ 2+ 5.370H0.G+ 5.<2.0.+ 51+ E:1G+ A5+ .F.
0;:?2.+;D.+51/>0=0C75.G+70.+40CB0+/>0/0A2+32;2+45>;0L
10.+6+.:+C:51+A5+H5I+51+3F01A2+75.+A5A:30C0+F10+;:>0A:/0
:135./F2.0G+M0;D.+:C0+;D.+077D+A57+7:1A5+C:514F;2>0A2+6
30;0>0A5>:7G+0F1OF5+0+;51FA2+.27:H:01/01A2+70+32OF5L
/5>B0+:110/0+A5+70.+.F.2A:340.9+':>0A:/0.+:135./F2.0.+OF5
12+40CB01+5.30.50A2+51+/:5;<2.+:A2.+<0>0+b>03:570G+OF5
077D+51+*27B.G+C07150>:2+51+C>F/2G+3F01A2+.5+<21B0+.F+;0L
770+0IF7+A5+A2.+5K:?F0.+<:5I0.+,12+5>0+C:r:1:+.:1+5;C0>?2G
<F5.+40./0+04B+12+775?0C0+57+30F/2+7:C5>07:.;2+A5+*01/:0L
?2+&<S./278G+5K4:CB0+F10+5./0;<0+2+<07;:/2+2+3F5><2+A2L
351/5G+ >507;51/5+ A:?12.+ A5+ 321.:A5>03:S1+ 6+ QK/0.:.G+ 04
<5>2+Q7+1F130+40CB0+/>0.<0.0A2+70+<FA2>2.0+C0>>5>0+A57
.F.<:>2+ 2+ 70+ 0A;:>03:S1+ A5.30>0A0;51/5+ H:.F07+ />0.+ 70.
?0E0.+2.3F>0.G+<2>+3:5>/2+230.:2107;51/5+5./:;F70A0.+<2>
07?@1+ 32;51/0>:2+ A57+ ;:.;B.:;2+ *01/:0?2G+ OF5+ 07+ H5>70
!!T
112
1/6/00, 14:27
32>>5>+403:0+57+0?F0+32;2+51+F1+32;5>3:07+A5+/5HQG+F10
/0>A5+A5+270.+<2>+5M5;<72G+40CB0+;F>;F>0A2+32;2+<0>0
.B+;:.;2+<5>2+51+>507:A0A+<0>0+72.+2/>2.+/>5.G+5./D+7:1A0
70+E7030+54G+<>2H2301A2+70.+C>2;0.+0;C:?F0.+6+70.+>:.2L
/0A0.+H:>:75.G+CF512+5.+F1+A53:>G+A5+72.+2/>2.+A2.+30.0A2.
6+A57+@1:32+.27/5>2+:;<51:/51/5+2+.50+Q7G+%2701A2+&.F5>2
<0>0+ .5>H:>+ 0+ F./5A+ 6+ 0+ .F+ .5=2>0G+ E>0.5+ 3Q75C>5+ 6+ 10A0
:1?51F0+OF5+Q7+40CB0+5.<5/0A2G+A2.+7F./>2.+40G+0+F1+?5L
>51/5+ ?515>07+ A5+ 5;<>5.0+ OF5+ :1;5A:0/0;51/5+ A53:A:S
321H5>/:>72+51+5K+30M5>29
J5>2+70+b>03:570+A5+042>0+5.+2/>0+32.09+P+Q7+/0;C:Q1
40+30;C:0A29+R2;2+<0>0+129+J>:;5>2+EF5+70+5/0<0+<27B/:L
30G+ 321+ 0OF5772.+ A2.+ 0=2.+ <>5H:2.+ 07+ ?27<5+ OF5+ EF5>21
.513:770;51/5+ A57+ 30>0M29+ \cF:Q1+ OF5+ 5.G+ 12+ 5.+ 5>S/:32]
U:1A0+6+.F./013:2.0+<>5?F1/0+<0>0+403Q>.570+0+70+-.E:1?5G
703S1:30+C:.0CF570+A5+&1v0>+57L*0A0/9+&4G+<5>2+OFQ+A:EBL
3:7+5.+.5>+.513:770;51/5+5>S/:32+51+Q<230+A5+;5;2>0C75.
<0/>:0A0.9+ -1+ 0OF57+ >5=:A2+ C:51:2+ 0+ H535.+ 12+ .5+ 321.5L
?FB0+ 1:+ .:OF:5>0+ F10+ 30/>5>0+ <0>0+ CF510;51/5+ A2>;:>G
3FD1/2+;512.+<0>0+2/>2.+;515./5>5.9+P+7F5?2+70+;07A:/0
3010G+321+.F.+30<:/F7:772.+A5+<701/215.G+<:3010G+.FC;0>:L
12+ 6+ 2/>0.+ A57:r0/5..519+ &4B+ .B+ OF5+ 70CF>0+ :1301.0C75+ 57
;0>2/59
$5+ E0C>:3D.+ >5.:?103:215.G+ 32;21SG+ 6+ A5.<FQ.+ 1:+ /5
032>AD.G+<2>OF5+A5+12345G+3F01A2+1:+.:OF:5>0+32;<0>5L
35+32;2+/5./:?2+70+3F30>0340+1F5./>0+A5+30A0+AB0G+;5/Q.
70+30C5I2/0+51+70+<0>2A:0+A5+07;240A0+6+.27/D.+57+/>0<2
40./0+OF5+/5+A5.4:A>0/D.+A5+/01/0+7D?>:;0+,$V+2+.50+/01L
?2+ 40C5;F.W+ 63-)+D"$8( 3/( 5+( ,6+4,3=$:( 04+ <5>2+ 1F130W+ 4+
D&+( D"8B8G+ 4+( D&+( -+3;889+ *BG+ 70+ b>03:570+ A5+ 042>0+ 5.+ 2/>0
32.09+-1+<>:;5>+/Q>;:12G+;D.+;FM5>G+6+51+.5?F1A2G+;D.
321EF.0G+ /07+ H5I+ 32;2+ 321.53F513:0+ A5+ 5.0+ ;0AF>5I9
R2;2+3F5><2+,6+32;2+07;0+/0;C:Q1G+12+.50;2.+A2?;DL
/:32.8+ 40+ ;0AF>0A2+ 12/2>:0+ 6+ 5./F<51A0;51/5G+ 6+ H5>70
<2>+5M5;<72+035>30>.5+A5.<03:/2+<2>+57+30775MS1+A5+E72>5.
OF5+775H0+0+.F+5A:E:3:2+,Q7G+32;2+/01/0.+H535.G+0?F0>A01L
A2+ 51+ 57+ <2>/078+ ?515>0+ 7:1A0.+ 5K<53/0/:H0.+ 12+ .:5;<>5
321E:>;0A0.9+ -./D+ F1+ <232+ 321EF.0G+ 5.+ 3:5>/2G+ 0F1OF5
!![
113
1/6/00, 14:27
OF:ID+ 72+ ;D.+ 32>>53/2+ .5>B0+ A53:>+ A5.2>:51/0A09+ P+ 51+ 57

351/>2+H:/07+A57+A5.<:<2>>5W+*01/:0?29+*01/:0?2+51+57+J5L
107G+.:1+<2A5>+A5E51A5>.5+1:+0/030>G+.27:/2+321+.F+;F>>:0+6
321+ .F+ 035>H2+ 3F7/F>07G+ OFQ+ /5>;:1272?B0+ 54G+ <5>2+ 0A5L
;D.+OFQ+.:/F0wx29+%2701A2+40+775?0A2+0+F1+A:0?1S./:32
<>57:;:10>+ 6+ 5.+ OF5+ b>03:570+ 5.+ F10+ ;:10+ OF5+ 12+ 70+ H0
321+70+75M01B0G+6+5.+04B+A21A5G+.:1+32;5>72+1:+C5C5>72G+57
<2C>5+*01/:0?2+40+<5>A:A2+<F1/2.9+J5>2+A5+04B+0+32135L
C:>+OF5+Q7G+%2701A2+&.F5>2G+/FH:5>0+F1+<0<57+0+A5.5;<5L
=0>+51+5./0+4:./2>:0G+406+F1+CF51+/>53429+#2+.0C59+$2A0L
HB0+12+.0C59+&F1OF5+A5+0+<232+72+H0+.0C:51A29+U5+?F./0
b>03:570G+0+OFQ+0;2>/:?F0>72+6s2+:;<F?10>729+P+Q7+>532L
1235+OF5G+51+230.:215.+H0>:0.G+3F01A2+5770+75+40C70C0+A5
.F.+,3"$6$K$4(2+A5+.F.+5./0A2.+07/5>12.+A5+D1:;2+6+A5.L
D1:;2G+ 40CB0+ 5E53/F0A2+ .2C>:2.+ 0H0135.G+ 40CB0+ A5M0A2
305>+ :1A:>53/0.+ 0CF.:H0.G+ 40CB0+ 2E>53:A2+ 06FA0+ A:?0;2.
E>0/5>10G+6+A5+0+<232G+/07+H5I+.:1+<>2<21Q>.572G+40CB0+:A2
A5M01A2+ H570A0.+ <5>2+ 3213>5/0.+ 07F.:215.+ 0+ .F+ 0E53/:H2
:1/5>Q.+<2>+5770G+2+;5M2>+0@1+07+0/>03/:H2+3:5>/2+OF5+/51B0
<0>0+Q79+P+A0/2G+51+Q./0+.F+5/0<0+0;C:?F0G+321+.F.+.51/:L
;:51/2.+ 6+ 5;23:215.+ 51+ E>0130+ >5HF7.:S1+ 6+ >5H:.:S1G
b>03:570+ 5./0C0+ >535</:H0+ 32;2+ F10+ 5.<21M0+ ?>:5?09+ P
.5?F>0;51/5+ 40CB0+ 30</0A2+ 5.2.+ ;2H:;:51/2.+ 30F/572L
.2.G+<>FA51/5.9+P+F1+AB0G+A5+<>21/2G+51+;:/0A+A5+F10+A5
5.0.+ 340>70.+ 5OFBH230.G+ A5+ 5OF:7:C>:./0G+ 5770+ .07:S+ 321
0OF5772+A5+OF5+60+12+1535.:/0+0+*01/:0?2G+;5+0C01A21SG
6+Q7+32;<>51.:H2G+12+b>03:570+12+/5+0C01A21S+.:12+OF5
.5+ 72+ 775H0>21G+ 6+ 5770G+ 5.+ 0C.F>A2+ 0C.F>A2+ 2+ .5>D+ OF5+ 57
5K:7:2+;5+40+/>01.E2>;0A2+51+2/>0G+6+Q7G+030.2+12+.5?FB.
32;<0>/:51A2+70+03/:/FA+<27B/:30+A5+*01/:0?2G+6+5770G+<2>
.F<F5./2+.:+5.+/0;C:Q1+70+;B0G+6+Q7+<2>+E:1+70+<>5?F1/0+A5
72.+A:5I+;:77215.G+/07+H5I+.2=D.+321+2/>2.+42;C>5.G+6+5770G
/5+ >5E5>B.+ 0+ .2=0>+ A2>;:A0+ 2+ 0+ .2=0>+ A5.<:5>/0G+ 6+ Q7G+ 0
0;C2.+30.2.G+6+5770G+3F01A2+AF5>;2+12+.F5=2+321+1:1L
?@1+42;C>5G+6+Q7G+6+A5.<:5>/0G+6+5770G+CF512+A5.<:5>/0+.:
.F5=2+/5+H0.+0+>5B>G+6+077B+4:I2+F1+07/2G+F10+<0F.0+12+/50L
/>07+ .:12+ 0<510.+ F1+ .:7513:2+ C>5H5+ <0>0+ /2;0>+ 07:51/2+ 6
0OF:70/0>+/2A2+57+<5.2+A5+72+OF5+:C0+0+0?>5?0>W+.F5=2+321
!!`
114
1/6/00, 14:27
H2.9+o7+.5+40CB0+OF5A0A2+/F>F70/2G+40CB0+.51/:A2+F1+>5L
<51/:12+C2342>12+51+70.+2>5M0.G+10A0+;512.+OF5+Q7+CF5L
10+<:5I0+6+A21MF01B.:;2G+.5+40CB0+;2>A:A2+F1+70C:2+40.L
/0+ .01?>0>72+ <5>2+ .:1+ 0AH5>/:>72+ 40./0+ 42>0.+ A5.<FQ.9+ P
5770+/51.0+E>51/5+0+Q7G+0+70+5.<5>0+A5+07?2G+12+.0CB0+5K03L
/0;51/5+OFQG+<5>2+/>5;51A0;51/5+:1.5?F>0+<2>OF5+51L
/>5+2/>0.+32.0.+321M5/F>0C0+OF5+Q7+.5+5./0>B0+03>:C:7701A2
51+ 5.5+ :1./01/5+ 321+ 70+ <070C>0+ 7507/0AG+ 7507/0A+ 07+ 0;:?2
.27B.:;2+ 51+ F1+ 3070C2I2+ OF5+ 0F1OF5+ 5./FH:5>0+ 7:;<:2
.:5;<>5+.5>B0+:1;F1A2G+7507/0A+0+F1+<0.0A2+<5.0A2+6+<:L
.0A2+6+0+F10+;2>07+12+0>/:3F70A0+<5>2+H:?51/5+6+0+70>?FBL
.:;0.+A:.3F.:215.+40./0+57+07C0+51+70.+OF5+.:5;<>5+5./0C0
*:7H:2+OF5+60+12+5./D+6+5./0C0+'01272+OF5+042>0+5.+/Q3L
1:32+5753/>S1:32+51+b2/5;CF>?2G+6+70.+5.<2.0.+.5;:;0>L
?:10A0.+<2>+57+;034:.;2L751:1:.;2+A5+72.+:7F./>5.+H0>2L
15.+ <5>2+ <0>/:3:<01A2+ 0+ H535.+ 321+ 2CM53:215.+ 2CH:0.+ 6
;D.+OF5+10A0+<>5<0>01A2+51.070A0.+34F>>0.32.+=2OF:.
5;<010A0.+;:7015.0.+AF735+A5+75345+6+A5.<FQ.+70H01A2
<70/2.+;:51/>0.+5772.+.5./50C01+0+?0;C0+.F57/09+*5+40CB0
OF5A0A2+ /F>F70/2G+ Q7G+ /01+ 30.012H0+ 6+ <F/0=5>2G+ 321+ 70
E>51/5+ .FA0A0+ 32;2+ 7:3507+ .5AF3:A2+ <2>+ H5A5//5+ A57
'0:<2G+6+321+F10+<:30IS1+51+57+/2C:772+:IOF:5>A2+OF5+5>0
<>2C0C75;51/5+F10+>5033:S1+07Q>?:30+01/5+57+EF/F>2+5.<5L
.2+OF5+.5+0H53:10C09+$F>F70/2+6+/2A2G+40CB0+72?>0A2+0>/:L
3F70>+?>0?>03:570+12+MF?FQ.+321+EFEF5?2+6+40./0+40CB0+:1L
/51/0A2+775H0>+57+A:D72?2+0+F1+/5>>:/2>:2+E>:H27S1G+07?2+0.B
32;2+A5+30>15+.2;2.+6+12+32A:3:0>+0+70+;FM5>+A57+<>SM:L
;2G+ /2A2+ <0>0+ /2;0>.5+ F1+ ;B1:;2+ >5.<:>2G+ 04+ <5>2+ 5770
;01/FH2+ .F+ 5K<>5.:S1+ A5+ 0F./5>:A0A+ .2C>532?5A2>0G
;:>D+OF5+12+5./26+C>2;501A2+5./2+5.+A5;0.:0A2+?>0H5
<0>0+;BG+6+Q7G+<5>AS1+b>03:570+5.+70+.2><>5.0+.0CQ.G+6+0
<0>/:>+A5+5.0+E>0.5+A5+.5?F1A2+03/2+A5+.0:15/5+<2>/5=2+60
12+/0>/0;FA5S+6+A5MS+A5+.51/:>.5+/F>F70/2+<0>0+5./0>+A5E:L
1:/:H0;51/5+ 0<0CF770A2+ 6+ 12+ 2C./01/5+ <2A5>+ ;F>;F>0>
5.+F10+7D./:;0+OF5+12+<F5A0+321/5./0>+OF5+12+A:?0.+72L
3F>0.+<2>OF5+51+72.+2M2.+/5+H52+OF5+40C7D.+/5>>:C75;51/5
51+.5>:2+6+/0;C:Q1+5.+F10+7D./:;0+OF5+12+<F5A0+A53:>/5
;:>D+ 321;:?2+ 12+ H0+ 70+ 32.0G+ <2>OF5+ 321;:?2+ H09+ P+ 12
!!e
115
1/6/00, 14:27
C:51+<>21F13:S+5.5+<$G+<51.S+OF5+40CB0+5./0A2+.:135>2+6
E0/07G+ .:135>2+ <2>OF5+ H5>A0A5>0;51/5+ Q.5+ 5>0+ 57+ .51/:L
;:51/2+.0E0>:+OF5+5;<5I0C0+0+0C>:>.5+<0.2+51+70+.57H:/0
A5+ .F+ 5./F<2>G+ 6+ E0/07G+ <2>OF5+ 12+ .5+ 75+ 5.30<0C0+ OF5
0OF57+<$(>570/:H0;51/5+:;<>FA51/5+5>0+07?2+0.B+32;2+57
<>:;5>+H5>.B3F72+A5+.F+0<2307:<.:.+<5>.21079+J5>2+60+5./0L
C0+<>21F13:0A2+6+.FC>060A2G+6+b>03:570+OF5+40CB0+5./0L
A2+A532>2.0;51/5+<D7:A0+A5+<>21/2+.5+3272>5S+6+.F.<:>S
32;2+OF:51+51/>0+51+F10+E72>5>B0+A5+7FM2G+6+Q7+321.:A5>S
OF5+042>0+32>>5.<21AB0+5K/51A5>75+F10+;012+6+51+321L
.53F513:0+.5+70+5K/51A:S+<2>+.2C>5+70+;5.:/0+>0/210+.2>L
/501A2+ 4DC:7;51/5+ 57+ C@30>2+ .:1+ 370H575.+ 6+ 57+ 351:35>2
321+<F342.G+6+5770+5./FH2+F1+>0/2+2+.50+3F0/>2+.5?F1A2.
H03:701A2+ 6+ 7F5?2+ /0;C:Q1+ 5K/51A:S+ .F+ ;012+ A57?0A0
OF5+<0>53B0+A5+<:01:./0+<5>2+5>0+A5+;5301S?>0E0+6+Q./0
<0.S+ 0+ .5>+ 70+ <>F5C0+ A57+ 1F5H5+ <2>OF5+ 57+ 321/03/2+ EF5
A5.<FQ.+ A5+ /2A2+ .FE:3:51/5;51/5+ >5H570A2>+ 6+ 0;C2.+ .5
;:>0>21+32;2+A5.3FC>:Q1A2.59+&+321/:1F03:S1+40CB0+H5L
1:A2+57+70>?FB.:;2+01D7:.:.G+2/>0+H5I+70+<070C>0+7507/0A+.07L
/01A2+ <2>+ .2C>5+ 57+ C@30>2+ .:1+ E72>5.+ 6+ 57+ 351:35>2+ 321
<F342.G+A5/51:Q1A2.5+0+H535.+51+72.+>FA2.+1FA:772.+A5+Q7
6+ 2/>0.+ H535.+ 51+ 57+ E>0?01/5+ 5.32/5+ A5+ 5770G+ 6+ b>03:570G
<2>+042>0+;D.+0/2>;51/0A0+OF5+E57:IG+62+32;<>51A2+OF5
5.+F10+.:/F03:S1+:1MF./0+<5>2+0+5./0+07/F>0+A57+<0>/:A2+12
<F5A2+;51/:>;5+0+;B+;:.;0+6+A5;0.:0A2+.Q+/2A2+72+OF5
75+ A5C2+ 0+ *01/:0?2+ <5>2+ 5H:A51/5;51/5+ 5.0+ 321H:33:S1
12+5.+F1+.5?F>2+H:/07:3:2+321/>0+57+A5.0<5?2+3216F?07G+6
%2701A2+<2>+.F+<0>/5G+<2>+042>0+;D.+A5.32135>/0A2+OF5
E57:IG+/2;Q;2.72+321+.5>51:A0AG+/2;Q;2.72+32;2+.:+*01L
/:0?2+5./FH:5>0+<>5.51/5+51+1F5./>2+A:D72?2+60+OF5+Q7+5.
F10+ <0>/5+ :1A5.30>/0C75+ A5+ 5./0+ .:/F03:S1G+ /2;Q;2.72
32;2+.:+*01/:0?2+<FA:5>0+A5+H5>0.+32;<>51A5>72+6+.2C>5
/2A2+32;<>51A:Q1A272+51+<>:;5>+/Q>;:12+12.2/>2.9+P+0.B
40C70>21+6+EF;0>21+AF>01/5+F1+<0>+A5+42>0.G+30.:+.:1+/2L
30>.5G+C0>0M01A2+.27F3:215.+6+>5.27F3:215.G+/2301A2+<5>2
321+ <:1I0.+ 57+ /5;0+ ^50/>:IG+ .:1+ 0/>5H5>.5+ /2A0HB0+ 0+ A5.L
;51FI0>+2+<701:E:30>+57+EF/F>2G+<>2;5/:Q1A2.5+F1+/:5;<2
<0>0+ 40C:/F0>.5+ 0+ 70+ :A50G+ <>2;5/:Q1A2.5+ 0.:;:.;2+ 12
!!f
116
1/6/00, 14:27
4035>+A5;0.:0A0.+723F>0.+1:+/0;<232+A5;0.:0A0.+.51.0L
/535.G+ 6+ %2701A2+ .:1/:Q1A2.5+ 30A0+ H5I+ ;D.+ 4:<12/:I0A2
<2>+72.+H5>AB.:;2.+2M2.+A5+5770+6+70.+<:5>10.+A5+5770+6+70
3:1/F>0+ A5+ 5770G+ 6+ b>03:570+ 5H:A51/5;51/5+ /F>CD1A2.5
321+5.0+>5033:S1+OF5+.:1+5;C0>?2+OF5>B0+6+5.<5>0C0G+6
%2701A2+ 5;<5I01A2+ 0+ 510;2>0>.5+ A5+ 5.0+ /F>C03:S1G+ 6
b>03:570+ A5+ <>21/2+ >5.C0701A2+ :15>;5+ 403:0+ F1+ .2772I2
10A0+<>5;5A:/0A2+6+<2>+/01/2+<5>.F0.:H2+32;2+<232.G+6
Q7+/2;D1A275+57+>2./>2+321+0;C0.+;012.+6+.S72+51/2135.
12/01A2G+51+57+AF735+321/03/2+321+72.+70C:2.+A5+5770G+OF5
A5+<F>2+0I2>0A2+.5+40CB0+;2>A:A2+72.+.F62.+3F01A2+F10
42>0+01/5.+5770+40CB0+A:342+.F5=2+321+H2.9
!!g
117
1/6/00, 14:27
^-&$%"m+,U0+<27F3:S18
N:M2+57+/B2+%2701A2+OF5+5./0+3:FA0A+.5+5./D+<21:51A2
:;C0130C75+A5+/01/0+<27F3:S1+OF5+/:5159+P2+12+A:M5+10A0
<0>0+ 12+ OF5A0>+ 32;2+ CF>>0+ <5>2+ A5+ /2A0+ 70+ E>0.5+ .S72
51/51AB+ 70+ <070C>0+ 3:FA0A9+ N5.<FQ.+ EF:+ 07+ A:33:210>:2+ 6
CF.OFQ+ 70+ <070C>0+ )6!($7(!/#' 6+ 12+ 5./D9+ -7+ A2;:1?2G
3F01A2+EF:+0+H:.:/0>+07+0CF572+75+<>5?F1/Q+OFQ+OF5>B0+A5L
3:>+:;C0130C75+6+Q7+.5+>:S+6+;5+5K<7:3S+321+;F6+CF512.
;2A2.+ OF5+ OF5>B0+ A53:>+ :1.2<2>/0C759+ &4B+ .B+ 32;<>51AB
57+.:?1:E:30A2+<2>OF5+b>03:570G+2+.50+;:+;0;:G+;5+A:35
07?F10.+H535.G+2+;D.+C:51+30.:+/2A2.+72.+AB0.G+<2>+E0H2>
^50/>:I+<2>+E0H2>+0+H535.+/5+<21Q.+H5>A0A5>0;51/5+:1.2L
<2>/0C759+ J>53:.0;51/5+ 5.5+ ;:.;2+ A2;:1?2+ 0+ 70+ /0>A5
;5+ 72+ A:M2G+ 0F1OF5+ 5./0+ H5I+ >5<:/:S+ />5.+ H535.+ <2>+ E0H2>
<2>+E0H2>+<2>+E0H2>+^50/>:I+0+H535.+/5+<21Q.+H5>A0A5>0L
;51/5+ :1.2<2>/0C75G+ 6+ 62+ ;F6+ .5>510G+ 40C>D.+ OF5>:A2
A53:>+OF5+5./26+:;C0130C75G+6+0+5770+75+4:I2+?>03:0G+0F1L
OF5+12+A5;0.:0A0+<5>2+;5+OF:/S+70+<51:/513:0+6+5.2+EF5
;F6+:;<2>/01/59+U0+2/>0+<070C>0G+<27F3:S1G+5.+C0./01/5
;D.+ A:EB3:79+ o.0+ .B+ 5./D+ 51+ 57+ A:33:210>:29+ N:35G+ -%/"8
7)5$W+5EF.:S1+A57+.5;519+cFQ+.5>D+5EF.:S1+6+OFQ+.5>D+.5L
;519+ ^F.OFQ+ #+"&)5$' 6+ A:35W+ A5>>0;0;:51/2+ A5+ F1+ 7BL
OF:A29+$0;C:Q1+;5+E:MQ+51+&#6#$'6+A:35W+.5;:770G+.:;:51L
/5G+7BOF:A2+OF5+.:>H5+<0>0+70+>5<>2AF33:S19+)+.50+OF5+72
OF5+A:M2+57+/B2+%2701A2+OF:5>5+A53:>+5./2W+5./0+3:FA0A+.5
5./D+ <21:51A2+ :1.2<2>/0C75+ A5+ /01/2+ A5>>0;0;:51/2+ A5
.5;519+$0;<232+51/51ABG+0.B+OF5+70+<>:;5>0+H5I+OF5+;5
51321/>Q+321+%2.:/0+;:+0;:?0G+75+A:M5+;:+?>0H5+<>2C75;0
6+/2A2+72+OF5+A53B0+57+A:33:210>:29+P+5770W+/51?2+70+:;<>5L
.:S1+ A5+ OF5+ .5;51+ 5.+ F10+ <070C>0+ .51.F07G+ <5>2+ 12+ .Q
OFQ+OF:5>5+A53:>9+-1/2135.+;5+<>2;5/:S+OF5+72+321.F7/0L
>B0+321+.F+<>:;0+*01A>0G+<2>OF5+5.+;062>+6+51+.F+5.3F5L
70+A01+370.5.+A5+5AF303:S1+.51.F079+-7+MF5H5.+H:12+0+H5>L
!!i
118
1/6/00, 14:27
;5+;F6+;:./5>:2.0G+62+70+3212I32+C:51+3F01A2+/:515+F1
;:./5>:2+.5+75+0>>F?0+ 70+ 10>:IG+ 6+ 32;2+ 51+ 70+ 30.0+ 5./0C0
b>03:570G+5.<5>S+321+;F34B.:;0+<03:513:0+OF5+.5+EF5>0+0
70+323:10+0+<>5<0>0>+70.+;:7015.0.G+<0>0+A53:>;5G+60+0H5L
>:?_QG+.5;51+5.+F10+32.0+OF5+/:5151+72.+42;C>5.+?>01L
A5.G+12+72.+1:=2.G+6+62G+51/2135.+12.2/>0.+/2A0HB0+12+/5L
15;2.+ .5;51G+ 6+ 5770G+ 12+ .50.+ C>F/0+ 1:+ 042>0+ 1:+ 1F130G
.5;51+.S72+/:5151+72.+42;C>5.+3F01A2+.21+H:5M2.+32;2
;:+<0<:+2+/F+<0<:+57+OF5+5./D+<>5.2G+70.+1:=0.+12+/515;2.
.5;51+1:+.:OF:5>0+3F01A2+.50;2.+0CF570.G+6+62G+OFQ+>0>2
54G+ 6+ 5770G+ *01A>0+ A:35+ OF5+ /2A2.+ 72.+ 1:=2.+ 6+ 70.+ 1:=0.
H51:;2.+A57+.5;51+<2>OF5+5./5+7BOF:A2+/:515+C:34:/2.+OF5
.5+ 770;01+ 5.<5>;0/2I2:A5.+ 6+ *01A>0+ 5./0C0+ 321/51/0
<2>OF5+ 51+ 70+ 370.5+ A5+ 065>+ 40CB0+ 0<>51A:A2+ OF5+ 5.<5>L
;0/2I2:A5+.5+5.3>:C5+321+I5/09+RF01A2+.5+EF5+%2.:/0+62
;5+ OF5AQ+ <51.01A2+ 6+ ;5+ <0>53:S+ OF5+ 57+ /B2+ %2701A2
OF:ID+40CB0+OF5>:A2+A53:>+OF5+70+3:FA0A+5./0C0+:1.2<2>L
/0C75+A5+/01/2.+5.<5>;0/2I2:A5.+,321+I5/08+OF5+/51B09+&.B
OF5+ EF:+ 2/>0+ H5I+ 0+ 72+ A57+ 0CF572G+ <2>OF5+ Q7+ .:5;<>5+ ;5
51/:51A5+ 6+ ;5+ 06FA0+ 0F1OF5+ 12+ 5K0?5>0A0;51/5G+ 6
3F01A2+ 75+ 321/Q+ 72+ OF5+ 40CB0+ A:342+ 57+ /B2+ %2701A2+ 6+ 75
<>5?F1/Q+ .:+ 5>0+ 3:5>/2+ OF5+ 70+ 3:FA0A+ 5./0C0+ <21:Q1A2.5
:;C0130C75+ <2>OF5+ /51B0+ ;F342.+ 5.<5>;0/2I2:A5.G+ 07
0CF572+ 75+ H:12+ F10+ >:.0+ /01+ ?>01A5+ OF5+ 30.:+ .5+ 042?0+ 6
/FH5+OF5+/>05>75+F1+H0.2+A5+0?F0+6+.5+<F.2+C:51+3272>0A2
6+0+;B+;5+A:2+;:5A2+A5+OF5+75+A:5>0+F1+<0/0/@.+6+321;:L
?2+.27:/0+51+F10+.:/F03:S1+/01+5.<01/2.09+J2>+.F5>/5+A5+0
<232+.5+EF5+307;01A2+6+3F01A2+<FA2+40C70>+;5+A:M2G+51L
/>5+/2.+6+/2.G+OF5+72+OF5+/B2+%2701A2+40CB0+A:342+.5+>5E5L
>B0+0+70+321/0;:103:S1+07;2EQ>:309+P2+;5+.51/B+;D.+C>F/0
/2A0HB0G+ <5>2+ 51.5?F:A0+ Q7+ ;5+ 5K<7:3S+ OF5+ 70+ 07;SE5>0
5>0+57+0:>5G+6+32;2+51+5./0+3:FA0A+406+;F340.+EDC>:30.+6
0F/2;SH:75.+ /2A2+ 5.5+ 4F;2+ 51.F3:0+ 57+ 0:>5+ 2+ .50+ 70
07;SE5>0+6+5.2+5.+70+;07A:/0+<27F3:S1+6+12+57+.5;51+OF5
A:35+57+A:33:210>:2G+6+12+/51A>B0;2.+OF5+>5.<:>0>70+<5>2
32;2+.:+12+>5.<:>0;2.+:?F07:/2+12.+;2>:;2.G+12+/515;2.
;D.+>5;5A:2+OF5+>5.<:>0>+/2A0+5.0+<2>OF5>B09+P2+75+A:M5
07+0CF572+OF5+042>0+.030C0+70+3F51/0+OF5+;:+<0<D+/51B0
!!j
119
1/6/00, 14:27
51/2135.+F10+H51/0M:/0+077D+A21A5+5./D+<>5.2+<2>OF5+51
5.5+7F?0>+12+406+;F340.+EDC>:30.+6+/0;<232+406+;F342.
0F/2;SH:75.+<2>OF5+72.+E0;:7:0>5.+A5+72.+<>5.2.+<27B/:32.
.21+<2C>5.+6+12+/:5151+0F/2;SH:75.9+P+57+0CF572+A:M2+OF5
.BG+OF5+62+/51B0+;F340+>0IS1G+6+OF5+.:5;<>5+40CB0+OF5
51321/>0>75.+57+70A2+CF512+0+70.+32.0.9+-1/2135.+62+75+A:
F1+C5.2+;F6+?>01A5+6+70+C0>C0+;5+<:134S+;D.+OF5+2/>0.
H535.+6+;5+EF:+32>>:51A2+0+CF.30>+0+%2.:/0+6+32;2+51+.F
30.0+5./0C0+70+;0;:+A5+5770+OF5+.5+770;0+&.F13:S1G+:?F0L
7:/2+ OF5+ 70+ 30<:/07+ A57+ J0>0?F06G+ 5.<5>0;2.+ 70.+ A2.+ 321
;F340+ <03:513:0+ 40./0+ OF5+ <2>+ E:1+ .5+ EF5+ 0+ >5?0>+ 70.
<701/0.+6+51/2135.+62+;F6+;:./5>:2.0G+H0.+0+A53:>75+A5+;:
<0>/5+ 0+ /F+ <>:;0+ *01A>0+ OF5+ 5770+ 5.+ ;F342+ ;D.+ CF>>0
OF5+H2.+6+OF5+62G+<2>OF5+042>0+.B+72+0H5>:?_Q+/2A2+6+12L
.2/>0.+12+H51:;2.+A57+.5;51+.:12+A5+70+07;SE5>09
!Tk
120
1/6/00, 14:27
-l"U")*+,U0+03@./:30+A5+-<:A0F>2.8
&9':;'<='>?'@ABC;';?'#C9<=>DA:
&;';:E>EF='GH:'=DD9I=J';?KD;'BA:'HDIAB;:
#?';B'=9D;L
!"#$!%"&'$!()(*$+&!$%,-,!
C4,&<+584(3/(39+7$&684(<3+/,+-+/-8($K84(7349&A4(%&3
t68*36,8
?(,$5*+A/(34-&-)$584(73473("$4(5#4($",$4(;6$736'$4
3"(6$4;&38(73"(D.4D868(%&3($""#($*$B8
3/-3/7'$("$(;&'$("$(5+45$(;867+,$
%&3(3/,63(,359"8(?(,359"3,3
3/,63($7$653(48-6#,+-8(?(9+=-$(73(,365.9+"$4
)$*'$(-8/,$78(-.58(/+$6-)84(43("$4($663;"$*$
9$6$($*8/$6($93/$4(/&3<3(5+"(76$-5$4
7+;$584(&/84(,634-+3/,84(7."$634(73(+59&34,8(986($K8
?(-8/(4&(B8<3/(A/D$4+4(/84()$*'$($/&/-+$78
$/,3(3"($485*68(73(-+/-8(986,3K84
3S936,84(3/(-+,$4(73(,$,8(*8634
"$(<+-,86+$(96.S+5$(?(43;&6'4+5$(73"(48-+$"+4,$
t9$9$/763&
34,&<+584(9&34(3/(39+7$&684(6349+6$/78(3"($+63
t,6$/49$63/,3(?(43-8
?(-8/,359"$/78("84(968D&484(+/53586+$"34(<36734
73("84(#6*8"34(%&3(7+368/(?(7$/(4&(349$"7$($"(,3$,68
?(4&(684,68($("$(9#"+7$()8/78/$7$
<36734(?($+63(968*$*"353/,3(/8(735$4+$78($B3/84
$( "84( %&3( -8/,359"$6$( ?( 6349+6$6$( 98"?-"3,8( 3"( B8<3/
-&$/78()$-'$(4&4(-#"-&"84(73(3,36/+7$7(?(3/+;5$
?(,$5*+A/(?8(*$BA($"(-3/,68(5#;+-8(73("$(86%&34,$
9$6$(%&3("&=(53(,85$6$("$(D8,8(73(6+;86
!T!
121
1/6/00, 14:27
3/(9$6$B3(73(,$/(*+3/%&+4,$(?(4."+7$(53586+$
?(73473($""'(%&+43(968*$6("$(3S,6$867+/$6+$($-Q4,+-$
?(93/4A()8"$("'*36()8"$()A-,86()8"$(6$Q"()8"$(B$+53
*+3/(7349$-+,8(-858(%&+3/(6$4;&3$(&/(D.4D868(8
t$66&;$(&/(*8"3,8
?($4'(9&73(-8/D+65$6(%&3("$($-Q4,+-$(36$(.9,+5$
?$(%&3(5+4(4+;+"84$4(4$"<$4(/8(4."8(43(34-&-)$68/(3/
t"$4(;6$736'$4
4+/8(5#4($66+*$(3/(3"($+63(-8/(&/(48"8(9#B$68
?($,6$<34$68/(3"(93"898/348(?(3"(B./+-8(?(3"(,+663/8
?(3"(537+,366#/38(?(3"($,"#/,+-8(?("$(/84,$";+$
?(986(D+/(43(-8"$68/(986(3/,63("84(*$668,34
-858(&/$(*6+4$(,6$/49$63/,3(?(43-$
!TT
122
1/6/00, 14:27
"#$%&'(%)*+,(10+;5>0+<2.:C:7:A0A8
&65>+ 5./FH2+ 57+ 0C2?0A2+ 6+ ;5+ A:2+ 0+ 51/51A5>+ OF5+ 70
32.0+H0+<2>+;5M2>+30;:129+cF5+12+5.+:;<>2C0C759+cF5
/07+H5I9+(10+;5>0+<2.:C:7:A0AG+60+72+.Q9+J5>2+A5C2+>532L
1235>+ OF5+ ;5+ <>2AFM2+ F10+ 321;23:S1G+ 3>52+ OF5+ 40./0
;5+H:12+/0OF:30>A:09+#2+5.+OF5+07?F10+H5I+4060+<5>A:A2
70+ 5.<5>01I09+ *:5;<>5+ .F<5+ OF5+ 07?@1+ AB0+ :C0+ 0+ 51321L
/>0>;5+1F5H0;51/5+321+F./5A5.9+J5>2+F10+32.0+5.+321M5L
/F>0>+ OF5+ <0>0+ OF5+ 5772+ 23F>>0+ 401+ A5+ />01.3F>>:>+ F12.
3F01/2.+0=2.G+6+2/>0+;F6+A:./:1/0+OF5+/07+<5>.<53/:H0+:1L
?>5.5+A5+<>21/2+51+57+30;<2+A5+72+<2.:C759+#2+OF:5>2+40L
35>;5+:7F.:215.9+PG+.:1+5;C0>?2G+;5+70.+40?2G+12+72+<F5L
A2+5H:/0>9+P+5.+32;<>51.:C75G+\12+/5+<0>535]+*S72+01/50L
65>+ 0A;:/B0+ 32;2+ <>2C0C75+ OF5+ <5>;01535>B0+ 0OFB+ H0L
>:2.+0=2.G+6+40./0+;5+40CB0+E0C>:30A2+F10+03/:/FA+;51/07
<0>0+40C:/F0>;5+0+<0?0>+5.0+?0C570G+X0+C5.0>+57+0I2/5Y
32;2+ A53B0+ \/5+ 032>AD.]+ 321+ .F+ A5M2+ 7F3:E5>:12+ 0OF57
3F>0+.07/5=29+&42>0G+51+30;C:2G+3F01A2+.F>?5+70+<2.:C:7:L
A0A+A5+OF5+0+72+;5M2>G+OF5+/07+H5IG+OF5+030.2G+OF5+OF:ID
.50+.S72+F1+0=2+2+0F1+;512.G+5.+3F>:2.2+OF5+5./5+70<.2
/01+;51.F>0C75+51+/Q>;:12.+A5+0?F01/5G+;5+<0>5I30+.:1
5;C0>?2+;D.+:1.2<2>/0C75+OF5+0OF57+2/>2G+5K/51.2G+30.:
:1E:1:/2G+ 07+ OF5+ A5+ 07?F10+ ;015>0+ ;5+ 40CB0+ >5.:?10A29
*2;2.+32;<7:30A2.G+\12]+P+H2.+6+57+Z:5M2G+\OFQ+<:51.01
A5+ 5./2]+ J2>+ 042>0+ 12+ 75+ A:?01+ 10A0+ 0+ 70+ 1510G+ 12+ .50
OF5+5;<:535+0+4035>.5+:7F.:215.+6+7F5?2+/2A2+030C5+51
F10+ E>F./>03:S1G+ 07?2+ OF5+ 0+ .F.+ 0=:/2.+ <F5A5+ .5>
/>0F;0/:I01/59+#0A0+;D.+OF5+:;0?:10>+OF5+030.2+70+H50
<>21/2G+A:?0;2.+51+F1+<70I2+07301I0C75G+.S72+5.2+;5+5>:L
I0+ 57+ <5775M29+ Z5>/5+ 0+ H2.G+ H5>+ 07+ Z:5M2G+ 5.+ 2/>0+ 32.09
";0?:10/5+ .:+ 72.+ OF5>>Q+ 321/5;<70>+ 6+ 5./>5340>9+ V0C70>
70>?0;51/5+ 321+ F./5A5.G+ OFQ+ E:5./0+ A:2.;B29+ J5>2+ 72+ A5
^50/>:I+ ;5+ 5>:I09+ R:132+ 0=2.+ .:1+ H5>+ 0+ F1+ 4:M2G+ 6+ .2C>5
!T[
123
1/6/00, 14:27
/2A2+.:+5.+F1+1:=2G+.:?1:E:301+F10+5/5>1:A0A9+R:132+0=2.
.:1+ H5>+ 0+ F1+ 0AF7/2G+ <2>+ OF5>:A2+ OF5+ .50G+ .21+ .513:770L
;51/5+3:132+0=2.+6+/0;C:Q1+5.+/>5;51A29+&+;B+<2>+5M5;L
<72+;5+51321/>0>B01+.:1+10A0+10A:/0+A5+<01I0G+6+321+;5L
12.+<572+,12+;5+>5E:5>2+0+70.+>0I215.+A5+2CH:0+<57FOF5>B0
72307+.:12+0+5H:A51/5.+51/>0A0.+OF5+10A0+/:5151+OF5+H5>
321+ .5;5M01/5+ 2>/2A2K:089+ $0;C:Q1+ 406+ 07?F10.+ H0301L
/5.+ :13:.:H0.+ 6+ ;270>5.+ ,2M2+ 07+ ?27G+ OF5+ 12+ A:35+ 586$"34
\54]89+ \cFQ+ ;D.]+ ^F512G+ 3:5>/0.+ <530.+ 1F5H0.G+ 1F5H2.
7F10>5.G+ 07?F10+ 3:30/>:I9+ R2;2+ H5.G+ ;5+ .Q+ A5+ ;5;2>:09
U2+OF5+23F>>5+5.+OF5G+51+F10+3:>3F1./013:0+32;2+70+OF5
H:H2G+30.:+A5+30>/FM2G+57+<>2<:2+3F5><2+.5+321H:5>/5+:15H:L
/0C75;51/5+51+F10+370H59+P+12+<2>+10>3:.:.;2G+.:12+<2>L
OF5+AF>01/5+42>0.+6+42>0.+12+406+0+;012+2/>0+.5=07+A5
H:A09+ J2>+;:+<0>/5G+ .Q+ OF5+ 57+ Z:5M2+ /51A>D+ F10.+ 3F01/0.
3010.+;D.9+'D.+0>>F?0.+12G+<2>OF5+5.5+H:5M2+70A:12+10L
3:S+ 0>>F?0A29+ %53F5>A2+ OF5G+ 3F01A2+ 1:=2G+ .:5;<>5+ ;5
:;<>5.:210C01+72.+E>F135.+6+5./>B0.+OF5+/51B0+MF1/2+0+72.
2M2.G+51+57+35=2G+5/39+&7+<0>535>+5.2+12+:;<5AB0+OF5+/FL
H:5>0+ E72>+ A5+ C0130+ 321+ 70.+ ;:10.9+ P2+ 3>52+ OF5+ 0F1+ 51
H:A0+A5+70+Z:5M0+.5+;01A0C0+.F.+CF512.+0E:75.9+\P+3S;2
/5+ 51321/>0>Q+ 0+ H2.]+ 'D.+ ;0AF>0G+ 370>2G+ 6+ <2>+ 5.2+ ;D.
7:1A09+ &+ H535.+ 70.+ 01?F./:0.+ <0.0A0.+ A5M01+ F1+ >:3/F.+ A5
0;0>?F>0d+ 0.B+ 07+ ;512.+ 5.3>:CB01+ 72.+ 12H57:./0.+ A5+ 32L
;:51I2.+A5+.:?729+U2.+A5+042>0+60+12+5;<7501+?:>2.+/01
3F>.:.G+04+<5>2+72.+>:3/F.+51+30;C:2+12+<0.0>21+A5+;2A0d
.5>D+OF5+70.+0;0>?F>0.+.:?F51+/01+30;<01/5.9+J5>2+62+.Q
OF5+H2.+12+/51Q.+5.2.+>:3/F.G+6+.:+72.+/51Q.+OFQ+:;<2>/0G
62+/5+3F>0>Q+A5+5772.9+-.2+.BG+5.+<>2C0C75+OF5+5./Q.+;D.
.5>:0G+OF5+12+/5+>B0.+/01+5./>F51A2.0;51/5G+/01+<>:;0>:0
6+<>:;0H5>07;51/5+32;2+01/5.9+J5>2+/0;C:Q1+5.+.5?F>2
OF5+ 40C>D.+ 321.5>H0A2+ 6+ 51>:OF53:A2+ /F+ 30<03:A0A+ A5
075?>B0G+/F+H2303:S1+A5+5E:303:09+*:+72+OF5+57+0C2?0A2+;5
A5MS+ 51/>5H5>+ 5E53/:H0;51/5+ 23F>>5G+ 12+ /51?2+ 70+ ;512>
:A50+A5+3S;2+,6+.:8+<2A>Q+MF1/0>;5+321+F./5A5.9+cF:5>2
A53:>W+:?12>2+.:+51+5.5+30.2+<2A>B0+.07:>+A57+<0B.9+N5;0L
.:0A2+.Q+OF5+51+5./5+0.<53/2+/2A2+.5>D+32;<7:30A2G+<5>2
.:5;<>5+.5>D+;5M2>+OF5+5./0+.5<0>03:S1G+OF5+51+5./5+:1.L
!T`
124
1/6/00, 14:27
/01/5+60+12+.Q+.:+5.+:1MF./0G+0C.F>A0+2+;5>53:A09+J>5E5>:L
>B0+ H:0M0>G+ <2>+ .F<F5./2G+ <2>OF5+ 0OFB+ \OFQ+ E0;:7:0+ ;5
OF5A0]+$>0.+57+E07753:;:51/2+A5+-;:7:2G+.S72+5./D+/B0+&10G
<5>2+12+3>52+OF5+/51?0+A5;0.:0A0.+?010.+A5+H5>70d+A5.L
<FQ.+ A5+ /2A2G+ 1F130+ 40+ :1/51/0A2+ H:.:/0>;59+ N:351+ OF5
5./D+ ;D.+ 034032.0+ OF5+ A5+ 32./F;C>5G+ .5>D+ <2>+ 5.29+ -1
3F01/2+0+72.+2/>2.+<>:;2.G+12+<F5A51+H5>;5+<2>+>0I215.
2CH:0.G+ 1:G+ 0F1OF5+ 62+ .07:5>0G+ 3>52+ OF5+ <FA:5>0+ H5>72.9
R21.5?F:>+/>0C0M2+0OFB+.5>B0+;F6+A:EB3:7G+<2>+;2/:H2.+H0L
>:2.G+A5+;2A2+OF5+:1.:./2+51+OF5+72+;5M2>+.5>B0+OF5+62
H:0M0.5G+<5>2+5.+<>5;0/F>2+321M5/F>0>+,.S72+51+C0.5+0+72.
C>5H5.+ :1A:3:2.+ OF5+ ;5+ A5MS+ 51/>5H5>+ 57+ A23/2>8+ 07?F10
32.0+.2C>5+57+<0>/:3F70>9+':51/>0.+/01/2G+<:51.29+P+.2C>5
32.0.+ 3213>5/0.9+ h>51/5+ 0+ 5./0+ 1F5H0+ <2.:C:7:A0AG+ A5
<>21/2+45+A5M0A2+A5+E01/0.50>G+A5+>5EF?:0>;5+51+>53F5>L
A2.G+A5+>5321./>F:>+:1./013:0.+A57+C07150>:2G+2+A5+70+30.0G
A5+>5321235>+E:?F>0.+6+>2./>2.+51+70.+;01340.+A5+4F;5L
A0A+ A5+ 72.+ ;F>2.9+ &42>0+ <21?2+ ;:+ 0/513:S1+ 51+ /5;0.
3213>5/2.W+ />0C0M2G+ 5./FA:2.G+ H:A0+ E0;:7:0>G+ <>2653/2.+ A5
A:H5>.0+B1A2759+#2+5./0>B0+;07+OF5+<FA:5>0+32;<75/0>+72.
5./FA:2.9+\J2>+OFQ+12+H0.+0H5>:?F01A2+04BG+51+70+(1:H5>L
.:A0AG+OFQ+;0/5>:0.+<2A>B0+>5H07:A0>G+3FD75.+/51A>B0+OF5
>51A:>+A5+1F5H2]+J2>+.:+70.+;2.30.G+\.0CQ.]+\P+/>0C0M2]
P0+.Q+OF5+/51Q.+F1+CF51+5;<752G+<5>2+62+OF:5>2+70CF>0>
72+ 01/5.+ <2.:C759+ P+ 12+ <:51.5.+ OF5+ .50+ <2>+ ;034:.;29
*:;<75;51/5+/51Q.+OF5+51/51A5>+OF5+/2A0+70+H:A0+45+/>0L
C0M0A2+6+5./FA:0A2+.:;F7/D150;51/5G+A5+;2A2+OF5+/51L
?2+57+4DC:/2+6+0A5;D.+;5+?F./09+\J2>+OFQ+12+H01+5K0;:L
101A2G+H2.+6+57+Z:5M2G+07?F10+<2.:C:7:A0A+51+5./5+.51/:A2]
(./5A5.+ C:51+ 3212351+ OFQ+ .Q+ 4035>+ ;5M2>G+ <5>2+ 0+ 5./0
07/F>0+12+H26+0+<>5/51A5>+OF5+57+/>0C0M2+>5.<21A0+5K03L
/0;51/5+ 0+ ;:.+ 32123:;:51/2.+ 2+ 0+ ;:+ H2303:S19+ JF5A2
4035>+ 3F07OF:5>+ 32.0+ \51/51AQ.]+ 3F07OF:5>+ 32.09+ hB.:30L
;51/5+5./26+C0./01/5+>5<F5./2+6+5.+.5?F>2+OF5+04B+/5>;:L
10>Q+A5+>5<215>;5G+.:5;<>5+3F:A01A2G+370>2G+A5+OF5+12
HF57H0+70+<01I09+*5+;5+4035+0?F0+70+C230+10A0+;D.+OF5
A5+:;0?:10>+OF5+<2A>B0+>53F<5>0>+F10+H:A0+12>;07G+F10
H:A0+ 321+ H2.+ 6+ 321+ ^50/>:I+ 6+ 321+ 57+ Z:5M29+ N5.A5+ 4035
!Te
125
1/6/00, 14:27
OF:135+AB0.+/51?2+2/>0+H5I+0+07?F:51+321+OF:51+32;<0>/:>
57+ 5.<03:2G+ A:?0;2.+ F1+ 32;<0=5>2+ A5+ 40C:/03:S1G+ 6+ 5.
;F6+ CF510+ ?51/5G+ 12.+ 775H0;2.+ ;0?1BE:30;51/59+ *:1
5;C0>?2G+321+Q7+12+;5+0/>5H2+0+40C70>+A5+;:+1F5H0+<5>.L
<53/:H0G+ .513:770;51/5+ <2>OF5+ Q7+ 12+ 70+ /:515G+ 07+ ;512.
<2>+ 042>0G+ 6+ .:+ A26+ >:51A0+ .F57/0+ 0+ ;:+ 5FE2>:0+ ,.:5;<>5
321+70+B1/:;0+5+:15H:/0C75+A5.321E:01I0+A5+OF5+62+<0A5IL
30+F10+2</:;:/:.+0?FA08+/5;2+<>2H230>+51+Q7G+0.B+.50+:1L
A:>53/0;51/5G+ 3:5>/0+ A5.5.<5>01I0+ 6+ 3:5>/0+ <5109+ $2A2.
.2;2.+?515>2.2.G+<2>+72+;512.+0OFB+45;2.+0<>51A:A2+0
.5>72G+ .2C>5+ /2A2+ 3F01A2+ OF5A0+ 0/>D.+ 70+ <>:;5>0+ 5/0<0
OF5+ .F575+ .5>+ 5?2B./0G+ >5321351/>0A0G+ 4F>0=0G+ 40./0
4:<2321A>B030d+<5>2+/0;C:Q1+70+?515>2.:A0A+/:515+E>21/5L
>0.G+ 075A0=2.+ 6+ 327;2.9+ %53F5>A2+ <5>E53/0;51/5+ OF5G
4035+<232+;D.+A5+F1+0=2G+3F01A2+.07:S+n9G+62+;:.;2+5KL
<5>:;51/Q+ .51/:;:51/2.+ 51321/>0A2.9+ RS;2+ 12+ .51/:>
075?>B0+01/5+70+>507:A0A+A5+OF5+MF./0;51/5+Q7G+OF5+5.+F1
/:<2+5K35<3:2107G+<FA:5>0+>5F1:>.5+321+.F+;FM5>+6+.F+;0L
A>5+ 6+ />0C0M0>+ A5+ 1F5H2+ 6+ .51/:>.5+ 2/>0+ H5I+ <7510;51/5
F1+.5>+4F;0129+P+.:1+5;C0>?2+.F+0F.513:0+/0;C:Q1+;5
A5.0751/SG+51+<>:;5>+/Q>;:12+<2>OF5+n9+5.+F1+/:<0I2+<0>0
32;<0>/:>+ 321+ Q7+ 70.+ H5:1/:3F0/>2+ 42>0.G+ 6+ 7F5?2+ <2>OF5
.F+:A0+;5+>5H57S+57+>:?2>+6+70+/>:./5I0+A5+;:+OF5A0A09+-.
3F>:2.2G+<5>2+57+CF51+32;<0=5>:.;2+12+321.:./5+.:5;<>5
51+40C70>+2+5.3F340>G+51+321/0>12.+70.+H:A0.+6+70.+;F5>L
/5.G+ 72.+ 0;2>5.+ 6+ 72.+ A5.0;2>5.G+ 51+ 10>>0>12.+ 12H570.
OF5+ 75B;2.+ 4035+ ;F342+ 6+ OF5+ 042>0+ 12+ /515;2.+ 0
;012G+51+A:.3F/:>+.2C>5+E:72.2EB0+6+.F.+.FCF>C:2.G+51+.030>
32137F.:215.+A5+5K<5>:513:0.+<0.0A0.G+51+0107:I0>+6+010L
7:I0>12.+:A527S?:30;51/5G+51+:1/5>30;C:0>+70.+>5.<53/:H0.
:1E013:0.+ 2G+ 3F01A2+ .5+ <F5A5G+ 51+ MF?0>+ 07+ 0M5A>5I9+ -7
CF51+32;<0=5>:.;2+321.:./5+;F340.+H535.+51+30770>G+51
>5.<5/0>+57+70321:.;2+A57+2/>2G+51+32;<>51A5>+OF5+5.2+5.
72+OF5+57+2/>2+1535.:/0+51+5.0+<>53:.0+6+2.3F>0+M2>10A0G+6
51/2135.+ 0>>2<0>72+ 321+ 1F5./>2+ .:7513:2G+ 2+ A5M0>+ OF5+ Q7
12.+0>>2<5+321+57+.F62G+<5>2G+6+5./5+<5>2+5.+EF1A0;51/07G
.:1+OF5+1:1?F12+A5+72.+A2.+72+<:A0+1:+72+5K:M0G+.:12+OF5+57
2/>2+72+32;<>51A0+<2>+.B+;:.;2G+51+F10+5.<21/D150+.27:L
!Tf
126
1/6/00, 14:27
A0>:A0A9+&+H535.+F10+CF510+>5703:S1+A5+51370F./>0;:51L
/2+ 2+ >537F.:S1G+ F10+ >5703:S1+ OF5+ <F5A5+ 321H5>/:>.5+ 51
0;:./0A+<0>0+.:5;<>5G+.5+321./>F65+;5M2>+321+72.+.:751L
3:2.+ 2<2>/F12.+ OF5+ 321+ 70.+ 321E:A513:0.+ :1/5;<5./:H0.9
V06+?51/5+:137F.2+OF5+.5+321.:A5>0+/01+2C7:?0A0+0+:1/5>L
30;C:0>+<5>:<53:0.+0F/2C:2?>DE:30.+OF5+40./0+70.+:1H51/09
P+ 12+ .:5;<>5+ .5+ />0/0+ A5+ ;:/S;012.+ 2+ ;51/:>2.2.G+ OF5
/0;C:Q1+ 72.+ 406d+ 0+ H535.+ .5+ :1H51/0+ F1+ 5<:.2A:2+ 32;2
F10+A5E5>513:0G+32;2+F10+32>/5.B0+403:0+57+32;<0=5>2G
3>5651A2+OF5+321+5.2+.5+75+51/>5/:515G+2+.5+75+4035+27H:L
A0>+.F+A5.0;<0>2G+2+.5+75+5K/>05+A5+F1+<2I2+A5+01?F./:0G
2+321+5772+.5+75+<>2H2301+12./07?:0.+6+.5+75+513:51A5+70
;5;2>:0G+6+40./0+.5+75+321/0?:0+57+H:>F.+A57+>53F5>A2LE:3L
3:S19+^:342+>0>2+57+.5>+4F;012+3F01A2+5./D+321A510A2
0+.F+<>2<:0+.275A0A+2+3F01A2+57+30./:?2+321.:./5+51+32/5L
M0>70+ 32/:A:010;51/5+ 321+ 70.+ >5.<53/:H0.+ .275A0A5.+ A5
F12+2+A2.+2+/>5.+<>SM:;2.+3F60+321/:?_:A0A+12+57:?:S+1:1L
?F12+A5+5772.9+#2+3>52+,1:+.:OF:5>0+A5.<FQ.+A5+5./2.+@7/:L
;2.+ 6+ AF>B.:;2.+ 0=2.8+ 0OF5772+ OF5+ A53B0+ 57+ /03:/F>12
5K:./513:07:./0+ 035>30+ A5+ OF5+ 57+ :1E:5>12+ .21+ 72.+ 2/>2.G
<5>2+ 51+ 30;C:2+ <F5A2+ 0A;:/:>+ OF5+ ;F340.+ H535.+ 72.
2/>2.+12+.21+<>53:.0;51/5+57+<0>0B.29
!Tg
127
1/6/00, 14:27
V-%"N)*+P+R)#$(*)*+,-7+A2>;:A28
&+ <>:;5>0+ 42>0+ A5+ 70+ /0>A5G+ 57+ .:7513:2+ 5./D+ 0EF5>0+ 6
5./D+0A51/>29+b>03:570+.0C5+OFQ+H0+0+51321/>0>+.:+.5+A53:L
A5+0+;:>0>+0+/>0HQ.+A5+70.+<5>.:010.9+#2+.S72+57+30;:12
A5+E72>5.+5./0>D+A5.:5>/2G+.:12+/2A2+57+07>5A5A2>W+72.+301L
/5>2.G+70.+30775.+:1/5>10.+A5+70+F>C01:I03:S1G+70.+H51/010.G
70.+C>5H5.+/5>>0I0.+A57+5A:E:3:2+^9
U2.+ @1:32.+ 40C:/01/5.+ ;SH:75.+ .21+ 0+ 5./0+ 42>0+ F12.
5K/>0=2.+0C5M2>>2.+OF5+.5+0>>:;01+IF;C01A2+0+70.+<5>L
.:010.G+<5>2+12+321.:?F51+51/>0>9+&+72+75M2.G+;F6+0+72+75L
M2.G+ .F5101+ A5+ H5I+ 51+ 3F01A2G+ 32;2+ 51+ 21A0.+ 30.:+ :;L
<5>35</:C75.G+72.+?>:/2.+6+70.+>:.0.+A5+F1+3275?:2+;:K/2+OF5
OF5A0+0+F10.+A235+2+OF:135+3F0A>0.9
-1/2135.G+\<0>0+OFQ+H0+0+75H01/0>.5+0+;:>0>+0+/>0HQ.
A5+70.+<5>.:010.+.:+A5+01/5;012+.0C5+72+OF5+H0+0+51321L
/>0>]+ -.5+ 5K/5>:2>+ 5.+ >F/:10G+ 6+ 51+ 30;C:2+ 51+ 57+ :1/5>:2>G
<2>+5M5;<72+51+70+30;0G+406+F10+12H5A0A9
b>03:570+0<0?0+57+3:?0>>:772+0<>5/D1A272+321/>0+F1+35L
1:35>2+ A5+ 70+ ;5.:/0+ A5+ 123459+ *5+ :132><2>0+ 0+ ;5A:0.G
0<26D1A2.5+51+F1+32A29+-K0;:10+.F+<>2<:0+A5.1FA5I+6
.:51/5+F1+5.3072E>B2G+<5>2+12+4035+0A5;D1+A5+>532?5>+70
.DC010+OF5+5./D+0;21/210A0+0+72.+<:5.+A5+70+30;09
*:?F5+;:>01A2+403:0+70.+<5>.:010.G+<5>2+.:1+OF5+10A0
>5370;5+ .F+ :1/5>Q.9+ J>2C0C75;51/5+ 5.+ .S72+ F10+ ;015>0
A5+A0>75+70+5.<07A0+07+>5./2+A57+75342G+<5>2+12+32;2+F1
>5340I2G+.:12+32;2+70+<2./5>?03:S1+A5+F1+A:.E>F/59+P+51L
/2135.G+01/5.+A5+A0>.5+HF57/0G+01/5.+A5+;:>0>G+H0+;2H:51L
A2+751/0;51/5+F10+;012+40./0+<2.0>70+.2C>5+70+<:57+A57
A2>;:A29
U0+<:57+A57+A2>;:A2+.5+5./>5;535G+F1+<232+0+70+;015L
>0+A5+72.+30C0772.+3F01A2+:1/51/01+5.<01/0>+70.+;2.30.9
U0+;012+12+.5+A0+<2>+07FA:A0+6+<5>;01535+077BG+/510IG
40./0+OF5+0OF5770+30>15+HF57H5+0+.5>510>.59
!Ti
128
1/6/00, 14:27
UF5?2+b>03:570+;F5H5+.F+3F5><2+.5;:+:132><2>0A2+0
E:1+ A5+ 51E>51/0>72+ /2/07;51/5+ 07+ A2>;:A2G+ 6+ .:1+ 0C01A2L
10>+57+0>34:<:Q70?2+A5+<530.+OF5+3FC>5+70+<07;0G+72+;:>0
A5+ 0>>:C0+ 0+ 0C0M2+ 6+ H:35H5>.0G+ A5/51:Q1A2.5+ 51+ <F1/2.G
>:13215.G+C>5H5.+/5>>:/2>:2.G+OF5+51+57+3F>.2+A5+70.+@7/:;0.
42>0.+ 401+ :A2+ ?0101A2+ .F.+ <>5E5>513:0.+ 6+ /F>C01A2+ .F
C>@MF709
P+ .5+ A5;2>0+ <2>+ 5M5;<72+ 51+ 57+ 42;C>2+ ;03:I2+ OF5
42>0.+01/5.+030>:3:S+321+.F+2>5M0+6+.F+;5M:770d+6+51+57+<5L
342+ .S72+ 0+ ;5A:0.+ H577FA2d+ 6+ 51+ 57+ 2;C7:?2+ 5K/>0=2G
32;2+A5+1:=2G+OF5+70+;:>0+32;2+F1+2M2+A5+0.2;C>2G+;2L
H:A2+ :1A:>53/0;51/5+ <2>+ 57+ 32;<D.+ >5.<:>0/2>:2d+ 6+ 51+ 70
3:30/>:I+ <>2EF1A0+ A5+ 70+ 30A5>0G+ 5.0+ OF5+ 75+ 4:3:5>21+ 51
3:5>/2+3F0>/57+OF5+Q7+1F130+;513:210d+6+51+57+H5772+A5.2>L
A510A2+ 6+ >2M:I2+ A57+ />:D1?F72+ :1E5>:2>d+ 6+ 51+ 57+ ;D?:32
.5K2+ 042>0+ 51+ >5<2.2+ A5.<FQ.+ A5+ /01/0+ C>5?0d+ 6+ 51+ 72.
/5./B3F72.+A5.:?F075.+<2>OF5+57+:IOF:5>A2+1F130+.5+40+>5L
3F<5>0A2+6+5./D+32;2+;0?F770A2+6+321/>0BA2+A5.<FQ.+A5
/01/0+;DOF:10+51+57+3F0>/57+.:1+12;C>5d+6+51+70.+<:5>10.
C:51+ 70C>0A0.+ 32;2+ 57+ 32>>5A2>+ A5+ 23423:51/2.+ 321+ H0L
770.+OF5+4035+F1+/:5;<2+EF5d+6+51+72.+<:5.+/2.32.+6+?>01L
A5.G+A5+A5A2.+70>?2.+6+F1+<232+/2>3:A2.+6+F10+F=0+0+<F1L
/2+A5+5130>10>.59
b>03:570+>5/:>0+.F+<07;0+A5+0OF5770+2>2?>0EB0+6+035>30
.F+C230+0+70+2/>0+C2309+-1+5.5+<>53:.2+:1./01/5G+70+A57+OF5
030.2+.F5=0+5.C2I0+F10+.21>:.0G+6+5770+51/2135.+A53:A5
075M0>.5+ <0>0+ H5>70+ ;5M2>G+ <0>0+ :;0?:10>70+ ;5M2>G+ 40./0
OF5+70+.21>:.0+.5+30;C:0+51+F1+.F.<:>2+2+>5.2<7:A2+2+M0L
A52+ 6+ .5+ H0+ 5.EF;01A2+ 40./0+ 321H5>/:>.5+ 2/>0+ H5I+ 51
;5>0+ C230+ 51/>50C:5>/09+ -770+ 075M0+ 70+ .F60G+ A5+ 70C:2.
0<>5/0A2.9
&42>0+ .5+ /:51A5+ A5+ 5.<07A0.G+ 321+ 70.+ ;012.+ C0M2+ 70
1F30+6+;:>01A2+403:0+57+3:572+>0.29+N5.A5+57+5K/5>:2>+.:L
?F5+<515/>01A2+57+.:7513:2+6+/0;C:Q1+70+:1.:./513:0+A5+72.
0C5M2>>2.G+ <5>2+ 60+ 12+ .5+ 5.3F3401+ 70.+ >:.0.+ 6+ 72.+ ?>:/2.
A57+3275?:2+;:K/29
-.5+3275?:2+12+5.+57+A5+^50/>:I+1:+/:515+57+;:.;2+42>0L
>:2G+<5>2+b>03:570+07I0+F1+C>0I2+40./0+<2A5>+H5>+70+42>0
!Tj
129
1/6/00, 14:27
51+57+>572M+A:?:/07G+>5?072+A5+.F+.F5?>29+ZF57H5+0+<215>+70
;012+C0M2+70+1F30G+6+51+/212+.F0H5G+32;2+<0>0+OF5+57
A2>;:A2+12+/51?0+F1+A5.<5>/0>+321+.2C>5.07/2G+A:35W
a%2701A29
-7+ A2>;:A2+ .5+ ;F5H5+ 0<510.G+ 5./:>0+ 751/0;51/5+ F10
<:5>10+ 6+ .:1+ 0C>:>+ 72.+ 2M2.+ A5<2.:/0+ F10+ ;012+ .2C>5+ 57
H:51/>5+7:.2+A5+70+;FM5>+A5.<:5>/09
a%2701A29+&>>:C09+N51/>2+A5+F10+42>0+775?0+^50/>:I9
![k
130
1/6/00, 14:27
-U+)$%)+,*2;C>0.+6+;5A:0.+7F35.8
U2+<52>+A5+/2A2+5>0+A5M0>+32>>5>+57+/:5;<2+.:1+40C5>
775?0A2+0+F1+03F5>A2+.2C>5+57+EF/F>29+J2>OF5+12+:;<2>/0L
C0+ 3FD1/0.+ 42>0.+ 321H5>.0>01+ .2C>5+ 57+ /5;0+ 1:+ 3FD1/0.
H535.+ .5+ 01:;0>01+ 0+ />0/0>729+ $2A2.+ 72.+ 0>?F;51/2.+ 6
321/>0>?F;51/2.+ 030C0C01+ A5>>F;CD1A2.5+ 3F01A2+ Q7G
%2701A2+&.F5>2G+H27HB0+0+>5<5/:>+57+0A5;D1+60+37D.:32G+57
A57+<>:;5>+AB0+A5+70+3>503:S1G+2+.50+57+A5+/2;0>75+57+>2.L
/>2+321+0;C0.+;012.+6+C5.0>70+321+F10+321H:33:S1+OF5
51+30A0+1F5H2+51.062+.5+:C0+0MF./01A2+6+;0AF>01A2+6
A5M01A2+ F1+ .5A:;51/2+ ;D.+ 51/>0=0C759+ P+ 3F01A2+ Q7+ 70
A5.1FA0C0+321+70+;:.;0+>5.<21.0C:7:A0A+6+57+;:.;2+<70L
35>+ A5+ 70+ 230.:S1+ <>:;5>0G+ 6+ 5770+ .5+ A5M0C0+ 030>:3:0>+ 6
030>:3:0C0+321+F10+075?>B0+32><2>07+OF5G+07+:7F;:10>70G+70
321H5>/B0+>D<:A0;51/5+A5+.5AF3:A0+51+.5AF3/2>0G+51/21L
35.+.5+030C0C01+/2A0.+70.+4F;:7703:215.+6+72.+/:>215.+A5
3213:513:0+ 6+ 57+ .:/F0>.5+ 0>C:/>0>:0;51/5+ 51+ 57+ 7F?0>+ A57
0F.51/59+#F130+72+403B01+A5+12345G+<2>OF5+b>03:570+12
OF5>B0+OF5+^50/>:I+.5+51/5>0>0+01/5.+A5+OF5+*01/:0?2+72
.F<:5>09+ b>03:570+ 12+ OF5>B0+ OF5+ 70+ 4:M0+ 321H:>/:5>0G+ 321
.F+ .270+ ;:>0A0+ A5+ 5./F<2>+ 2+ 321+ .F+ 2BA2+ :1A57:C5>0A0L
;51/5+ 0/51/2G+ 0OF57+ 03/2+ />0.7@3:A2+ 51+ 0:>5+ 321E:10A2G
0OF5770+1535.:A0A+;F/F0+51+51:?;0+0+A5.3:E>0>9+J2>+5.2
72+ 403B01+ A5+ /0>A5G+ 6+ Q7+ 5./0C0+ A5+ 03F5>A2G+ ;:51/>0.+ 70
3:FA0A+.5./50C0+6+.S72+.5+2B0+57+IF;C:A2+A5+72.+0C5M2>>2.
OF5+ ;5>2A50C01+ 51+ 57+ 30775MS1+ A5+ E72>5.+ 2+ MF1/2+ 0+ 70.
<5>.:010.9
b>03:570+ 75+ 40CB0+ A:342+ OF5+ 5.0+ 42>0+ 2C7:?0A0+ 40CB0
030C0A2+51+5770+321+F1+<>5MF:3:2+01/:?F2G+;D.+0>>0:?0A2
51+.F.+4DC:/2.+A5+72+OF5+40CB0+<51.0A2+6+0A;:/:A29+R21
*01/:0?2+ 1F130+ 40CB0+ 45342+ 57+ 0;2>+ A5+ /0>A5G+ <2>OF5
5770+ OF5>B0+ 70+ 2.3F>:A0A+ 0C.27F/0+ <0>0+ 70+ 35>5;21:0G+ 12
OF5>B0+ 10A0+ OF5+ 70+ A:./>0M5.5+ A57+ /03/2G+ 60+ OF5+ 57+ /03/2
![!
131
1/6/00, 14:27
5>0+<0>0+5770+57+.51/:A2+30>A:107+A5+70+F1:S1+0;2>2.0G+6
*01/:0?2G+OF5+12+5./0C0+A5+03F5>A2+321+/07+<>55;:151L
3:0+ 6+ 5K37F.:H:A0A+ A57+ /03/2G+ .5+ 40CB0+ >5.:?10A2+ .:1+ 5;L
C0>?2G+.:5;<>5+A5+;070+?010G+0+5.0+5K:?513:0+OF5+Q7+0/>:L
CFB0+0+<F>:/01:.;2+;07+A:?5>:A2+6+<F1/2G+6+.2C>5+/2A2+0
.F+ 5AF303:S1+ 51+ 3275?:2+ A5+ ;21M0.9+ R21/>0+ 57+ 3:572+ 12
406+OF:51+<F5A0G+A53B0+*01/:0?2+<0>0+MF./:E:30>+57+30>D3L
/5>+:>>5;5A:0C75+A5+.F+32135.:S19+J5>2+b>03:570+.:5;<>5
40CB0+/51:A2+C:51+370>:/2+OF5+70.+V5>;010.+12+/51B01+70
3F7<0+6+OF5+51+/2A2+30.2+70+>0IS1+@7/:;0+>5.:AB0+51+5770
;:.;0G+51+F1+<FA2>+2.3F>2+A57+OF5+12+.5+512>?F7753B09
J2>+.F+<0>/5G+%2701A2+.5+403B0+57+;F6+0;<7:2+6+321A5.L
351A:51/5G+ <5>2+ 51+ >507:A0A+ 12+ 75+ ?F./0C0+ 10A0+ 5.5+ 0>L
OF52+/01+<2>;512>:I0A2+A5+0OF5770.+0M510.+12345.+A5.L
1FA0.G+6+.S72+<2>+H51?0>.5+;2A5>0A0;51/5+A5+5.5+;0L
75./0>+75+<>5?F1/0C0+6+OFQ+/07+01/5.+A5+*01/:0?2G+6+5770+12
.5+:1A:?10C0G+.:12+;D.+C:51+.5+0H5>?21I0C0+A5+321E5.0>L
75+OF5+01/5.+A5+*01/:0?2+10A0G+6+2/>0+H5I+.5+5;C0>30C0
51+57+7B2+A5+70.+.2;C>0.+6+70.+;5A:0.+7F35.G+6+70+<>F5C0+70
/51Q.+ 042>0G+ <2>OF5+ 403:Q1A272+ 32;2+ 72+ 4035;2.+ 51
<7510+42>0+A5+.:5./0+6+0F1+321+70.+<5>.:010.+35>>0A0.+70
<51F;C>0+5.+/01+7F;:12.0+OF5+/2A2+OF5A0+0+CF510+H:.L
/09+P+5>0+/01+<2A5>2.2+.F+A5.52+A57+2/>2+3F5><2G+/01+<>:2L
>:/0>:2+ 6+ /01+ /:5>12+ 57+ <7035>+ A5+ MF1/0>.5+ 321+ Q7G+ OF5+ 51
1:1?@1+ ;2;51/2+ 5770+ 40CB0+ 45342+ 4:130<:Q+ 51+ .F+ 010L
3>S1:32+3F7/2+A5+72+2.3F>2G+6+12+.S72+12+.5+40CB0+A:./>0BL
A2+ A57+ /03/2G+ .:12+ OF5+ 40CB0+ A5.3FC:5>/2G+ 30.:+ 0+ <5.0>
.F62G+ 3FD1/2+ 0?>5?0C0+ 07+ /03/2+ 70+ A53:.:S1+ A5+ ;:>0>+ 07
2/>2+ 3F5><2+ 51+ /2A0.+ .F.+ ;01:2C>0.+ 6+ >F/:10.+ 6+ 1F5H0.
<>2<F5./0.G+6+3FD1/2+0?>5?0C0+07+/03/2+57+.5>+;:>0A0+51
/2A2.+.F.+H0775.+6+;F.?2.+6+327:10.9+*S72+A5.<FQ.+A57+A:.L
E>F/5+ 6+ 57+ 0E72M0;:51/2G+ 3F01A2+ Q7G+ %2701A2+ &.F5>2G+ 51L
351AB0+F1+3:?0>>:772+6+7F5?2+2/>2+;D.+6+.5+72+07301I0C0G
.S72+51/2135.+2+;D.+C:51+F1+<232+A5.<FQ.+3F01A2+5770
H27HB0+A57+C0=2+6+.5+03F>>F30C0+321/>0+Q7G+.S72+51/2135.
57+/5;0+A57+0F.51/5+H27HB0+0+:1./070>.5+51/>5+5772.G+51/>5
72.+A2.+3F5><2.+.0/:.E5342.+6+70K2.9
-770+40C70C0+6+40C70C0G+75+A0C0+HF57/0.+6+;D.+HF57/0.
![T
132
1/6/00, 14:27
0+70+.:/F03:S1G+6+775?0C0+0+A53:>+OF5+1F130+40CB0+.51/:A2
.F+<>2<:2+3F5><2+/01/2+32;2+042>0G+1F130+40CB0+.030A2
/01/2+ <0>/:A2G+ 12+ .S72+ EB.:32G+ .:12+ /0;C:Q1+ 5.<:>:/F07G+ A5
F1+45342+OF5+A5.<FQ.+A5+/2A2+12+/51B0+A5;0.:0A0.+H0L
>:01/5.+,51+5.2+%2701A2+12+5./D+/2/07;51/5+A5+03F5>A2G
<5>2+.5+7:;:/0+0+.21>5B>8+6+.:1+5;C0>?2+5.0+<751:/FA+12+70
5;<FM0C0+ 0+ 4035>+ 32;<0>03:215.G+ <2>OF5+ 12+ OF5>B0
0?>0H:0>+57+>53F5>A2+A5+*01/:0?2+1:+.:OF:5>0+57+>53F5>A2
A5+.F+3F5><2+,0OFB+%2701A2+A5M0+A5+.21>5B>8G+12+OF5>B0
A5+1:1?F10+;015>0+2<030>+.F+:;0?51G+60+OF5+/0;<232
/51B0+ A5>5342+ 0+ 4035>72+ <F5.+ 12+ 27H:A0C0+ OF5+ 3F01A2
5770+6+*01/:0?2+72+403B01+5>01+;D.+MSH515.G+;D.+F>?:A2.G
;D.+ H:/075.+ OF:ID+ ,0OFB+ %2701A2+ E>F135+ 57+ 35=28+ <5>2
/0;C:Q1+;D.+:15K<5>:51/5.G+6+A5.<FQ.+A5+/2A2G+72+.FE>:A2
51+ 30>15+ <>2<:0+ 6+ 0M510+ 51+ /2A2.+ 5./2.+ 0=2.+ 72.+ 40CB0
/>01.E2>;0A2+51+.5>5.+;D.+AF>2.+6+0+70+H5I+;D.+/:5>12.G
51+42;C>5.+6+;FM5>5.+;D.+>5075.+6+0+70+H5I+;D.+:>>5075.G
;D.+3213>5/2.+6+.:1+5;C0>?2+;D.+;27A50C75.+<2>+70+:;0L
?:103:S1G+6+/2A2+5.2G+/2A2+5.5+A5.;2>210;:51/2+A5+>:/2.
6+A5+12>;0.G+/2A0+5.0+321/>0A:33:S1+51/>5+<0.0A2+6+<>5L
.51/5G+51/>5+<>5.51/5+6+EF/F>2G+/2A0+5.0+E70;01/5+2CM5/:H:L
A0AG+A5.<2M0A0+A5+42>S.32<2.+,.21>:.0+A5+%2701A2+321
.2<7:A2+0A:3:21078+6+;5701327B0.G+H51B0+0+321H5>/:>.5+A5
<>21/2+51+70+@1:30+H51/0M0+A5+F10+/>:./5+4:./2>:0W+.5>+;5L
12.+;51/:>2.2.+51+57+/>0/2+>53B<>232G+.5>+;512.+:1MF./2.
51+70+>5703:S1+;F/F0G+.5>+;D.+4F;012.+A5+/5>35>0+370.5G
<2>OF5+72.+A5+<>:;5>0+6+.5?F1A0+60+12+5./0C01G+2+60+12
5>01G+2+030.2+40CB01+<5>/5153:A2+0+5./>0/2.+A5+E:33:S1+6
A:.:;F729
V0./0+ OF5+ 51+ 70+ 1F5H0+ H5I+ OF5+ 72+ 4:3:5>21G+ 3F01A2
5770+ >532;51I0C0+ .F+ <0/5>12./5>+ <2./+ 0E>2A:.B032G
%2701A2+0<0?S+57+3:?0>>:772+6+75+OF:/S+57+A5+5770G+0<0?D1L
A272+/0;C:Q1G+6+75+/2;S+.:1+H:27513:0+F1+;534S1+A5+<572
.F57/2+ 6+ 70+ 032./S+ .F0H5;51/5+ 6+ />5<S+ .:1+ 0<F>2+ .2C>5
0OF57+ 3F5><2+ 0.2;C>0A2+ 6+ 5./>5;53:A2G+ 6+ />0.+ C5.0>70
MF1/2+0+70+2>5M0G+A:M2+.:;<75;51/5G+b>03:570+12+5;<:535.
A5+ 1F5H2G+ H2.+ 6+ 62+ .0C5;2.+ 70+ 4:./2>:0+ 32;<75/:/0G+ 0
OF:Q1+.5+70+321/D.+51/2135.G+Q7+5.+/F+;0>:A2+6+62+.26+.F
![[
133
1/6/00, 14:27
0;:?2G+6+0A5;D.+5.+F1+?>01+/:<2G+<5>2+12+<2A5;2.+.5L
?F:>+MF?01A2+07+<:1?<21?+A5+70+3213:513:0G+51/51AQ.G+/5L
15;2.+OF5+A53:A:>+6+0<0>51/5;51/5+60+72+45;2.+A53:A:L
A29+ V5;2.+ 51321/>0A2+ 07?2+ OF5+ 12.+ :;<2>/0+ ;F342+ 6
<2>+72+/01/2+H0;2.+0+.5?F:>+MF1/2.G+321+/2A2.+72.+<>2C75L
;0.+ 6+ A5.0MF./5.+ OF5+ 5772+ H0+ 0+ :;<7:30>9+ U2.+ 30<B/F72.
<>SK:;2.+.5>D1+AF>2.G+<5>2+H0;2.+0+.5?F:>+MF1/2.9+Z2.+72
.0CQ.+ 6+ 62+ 72+ .Q9+ -1/2135.+ A5M5;2.+ 57+ /5;0+ *01/:0?2
<0>0+3F01A2+F1+AB0+Q7+5./Q+51+321A:3:215.+A5+.0C5>72G+A5
0A0</0>.5+0+70+1F5H0+>507:A0A9+Z2.+6+A21+%0E057+A53:A:5L
>21+12+A53:>75+10A0+;:51/>0.+5./Q+51+30109+P2+12+5./26
/01+.5?F>2+A5+OF5+.50+72+;5M2>G+12+/5+27H:A5.+A5+OF5+62
/0;C:Q1+ 5./FH5+ 51+ 3010+ 6+ 3>52+ .0C5>+ 3S;2+ .5+ H072>01
A5.A5+077B+5./0.+32.0.G+<5>2+72+035</2+.:1+5;C0>?2+6+/0;L
C:Q1+035</2+;:+>5.<21.0C:7:A0A+51+70+2;:.:S19+*:G+<5.5+0
/2A2G+ H2.+ .5?FB.+ >5.<5/01A2+ 0+ *01/:0?2G+ 6+ .:+ 62+ 72+ .:?2
>5.<5/01A2G+12+<2A5;2.+.5?F:>+40C701A2+2C.5.:H0;51/5
A5+Q7+30A0+H5I+OF5+72+4035;2.9+Z2.+.5?F:>D.+<51.01A2G
370>2G+6+62+.5?F:>Q+<51.01A2G+30A0+F12+<2>+.F+3F51/0+6
>:5.?29+ V:I2+ F10+ <0F.0G+ H27H:S+ 0+ C5.0>70G+ 6+ 3F01A2+ Q7G
%2701A2+&.F5>2G+60+5./0C0+0+<F1/2G+0?>5?S+32;2+<FA2W
57+.:;<75+45342+A5+12+;035>0>+57+/5;0+321+<070C>0.+OF5
.5+ >5<:/51+ 6+ .5+ ?0./01+ 6+ 12.+ ?0./01G+ 5.5+ .:;<75+ .:7513:2
12.+:>D+06FA01A2G+12.+06FA0>D+0+OF5>5>12.+32;2+H5>A0L
A5>0;51/5+.2;2.G+6+12+32;2+/51A>B0;2.+70+E>D?:7+2C7:?0L
3:S1+A5+.5>9
![`
134
1/6/00, 14:27
-l"U")*+,&A:S.+6+C:51H51:A08
Y8"c3+73(34(&/(*$66+8(73(>8"8/+$:(3/("$(P39Q*"+-$(]31
736$"(73(!"35$/+$0(`3B86(""$5A584"$(uv"/:(9$6$(%&3(/8
43( "$( -8/D&/7$( -8/( "$( 73"( 2$-6$53/,80( C/( Y8"c3+73:
9&34:(43($D+/-.(V-8/(&/(-$6#-,36(968<+4+8/$"(%&3(?$($-&1
5&"$( 4+3,3( $K84W( &/$( D$5+"+$( &6&;&$?$:( 34( 73-+6( R";$( ?
4&4(,634()+B84:(%&3(3/(GHIr(36$/(4."8(/+K84(?($)86$(48/
$78"34-3/,340(]$5+"+$(+/-859"3,$:(?$(%&3(3"(9$763:(U$<+7
>#5986$:( 34,$*$( 96348( 3/( i6&;&$?( 73473( GHIG0( C/( 3"
"8;68(73(4&("+*36,$7(8*,3/+7$(3/(GHwm:(D&3(73-+4+<8(3"(9$1
93"(7343593K$78(986("$(34-&3"$(3/(%&3(34,&7+$/("84(,634
5&-)$-)84T(!6+3":(2+"<+$:(@$*"80
23;Q/("84(>#5986$:([Y8"c3+73(34(&/(*$66+8(968"3,$:
&/(,68=8(73(9&3*"8($"35#/0(Y$?(73(,878T(;3/,3(,6$*$B$1
786$(?(5$6;+/$784(48-+$"34:(9"$=$4(73(73986,34:(/3;8-+84
93%&3K84:( <+3B$4( 4+59#,+-$4( ?( <+3B$4( -)+4584$4:( <$6+$4
+;"34+$4:(&/(9$6(73(*$/-84:(&/$(34-&3"$(9+"8,8(4&5$53/,3
968;634+4,$:(;3/,3(43/-+""$(3/(D+/\0
[F$( 34-&3"$( 43( +/$&;&6.\:( 53( -&3/,$( R";$:( [B&4,8
-&$/78("84(;&6+434(3593=$68/($(+60(!)86$(,+3/3(&/84(5+"
784-+3/,84($"&5/840(C/("$($-,+<+7$7(7349"3;$7$(986("$("+1
*36,$7(73(U$<+7(9$6,+-+9$68/(9$7634:(5$34,684:($"&5/84:
"$( 7+63-,86$( 73( "$( 34-&3"$( ?( )$4,$( 3"( 9689+8( `+/+4,68( 73
C7&-$-+./:(%&+3/(63-8/8-+.(%&3(9$6$(34$(34-&3"$("84(731
63-)84()&5$/84(36$/($";8(5#4(%&3(&/$(-"$43(,3.6+-$0(23
-63.(&/$(>85+4+./(>#5986$(?(/84(63&/'$584(%&+/-3/$"1
53/,3( 9$6$( -6$/3$6( %&A( /&3<$4( -84$4( )$-360( !( <3-34
93/4#*$584( %&3( ?$( /8( 43( 987'$( )$-36( /$7$( 5#4:( 9368
4+35963(4&6;'$(&/$(+73$(/&3<$\0
23(""3<$68/($(-$*8(<$6+84($-,84(986(i6&;&$?0(C/(3"(96+1
5368( 73( 3""84( "$( 34-&3"$( -8/<8-.( &/$( $4$5*"3$( 73( 9$1
7634(9$6$(+/D865$6"34(48*63("$(4+,&$-+./(73(U$<+7(?(-8/1
4&",$6"84( $-36-$( 73( %&A( 43( 9876'$( )$-360( [C4936#*$584
![e
135
1/6/00, 14:27
%&3($4+4,+36$/(&/84(,63+/,$\:(7+-3(R";$:([9368:($/,3(/&341
,6$(4869634$:(-8/-&66+368/(%&+/+3/,84:(?(73($)'(4&6;+.("$
+73$( 73( )$-36( &/$( 73584,6$-+./( D63/,3( $( "$( C5*$B$7$
&6&;&$?$0( >8/,6$,$68/( $&,8*&434:( )+-+368/( -8"3-,$4( ?
)$4,$()&*8(%&3(9$;$6(43;&68(986("84(/+K84:(?$(%&3("$(5$1
/+D34,$-+./( +59"+-$*$( 4$-$6"84( 73( uv"/( ?( ,6$4"$7$6"84( $
L8//0( Y&*8( /+K84( %&3( -8/,6+*&?368/( $( "$( D+/$/-+$-+./
-8/(9$6,3(73(4&($4+;/$-+./(53/4&$"0(C"(-84,8(,8,$"(D&3(73
r0mmm(5$6-84(?(9$6,+-+9$68/(5#4(73(wmm(93648/$40(!%&'
348( 6396343/,$( 5&-)8:( 48*63( ,878( 4+( 43( ,+3/3( 3/( -&3/,$
%&3("84(/+K84(5#4(93%&3K84(73*'$/(+6($-859$K$784(986
4&4(9$7634(8(,6$36(&/$($&,86+=$-+./(34-6+,$0(!4'(43(+/+-+.
&/$(/&,6+7$(436+3(73($-,+<+7$7340(]&368/(3/<+$7$4($"(;81
*+36/8(&6&;&$?8(gm0mmm(-$6,$4:(-8/(8,6$4(,$/,$4(D+65$4:(?
43("8;6.("$(9$6,+-+9$-+./(73(,63-3(34-&3"$4(73("$(-+&7$70
23(9&*"+-$68/($6,'-&"84(3/("$(963/4$(?(3"(-$48(>#5986$
43(D&3(-8/8-+3/78(?($("$(<3=(3/-$6$/78(-858(-84$(9681
9+$0(L&3/$4(5$7634(73(D$5+"+$(%&3(/&/-$()$*'$/(639$6,+1
78(&/(<8"$/,3:($)86$(B&/,$*$/(D+65$4(3/("$(-$""3(?(3S9"+1
-$*$/("8(%&3(8-&66'$(3/(i6&;&$?0(Y&*8(&/$4(98-$4(%&3
73-'$/(o2+(34,#(96348:(436#(986($";8p:(9368(5#4(*+3/(-8/41
,+,&'$/(&/$(3S-39-+./\0
!%&3""$(48"+7$6+$(-85&/+7$7(<+<+.(-8/("$(D$5+"+$(,87$4
"$4($",36/$,+<$4:(,$/,8("$4(34936$/=$4(73(4$"+7$(-858("$4
/3;$,+<$4(,$B$/,34(73("$(7+-,$7&6$0([@86(D+/:(?($/,34(%&3(3"
9689+8(U$<+7:(/84(3/,36$584(73(%&3(4&("+*36,$7(36$(+/5+1
/3/,3:(?("$(7+63-,86$(73("$(34-&3"$(/84(-8/4&",.(9$6$(<36
%&A(987'$584()$-36(-&$/78(""3;$6$:(?$(%&3(5&-)84(9$1
7634(%&36'$/(+6($(34936$6"8($"($3689&36,80(C48(34,$*$(-"$1
68T( %&+3/34( ,$/,8( )$*'$/( )3-)8( 986( 4&( "+*36,$7( ,3/'$/
,878(3"(7363-)8(73(-859$6,+6(/&34,6$($"3;6'$0(`3($73"$/1
,A()$4,$(]6$/^D&6,(9$6$(963<3/+6($(U$<+7:(?$(%&3(A":(986
6$=8/34( 8*<+$4:( +;/86$*$( "$( 5$;/+,&7( 73( "8( 63$"+=$780
F&3;8:(3/(3"($3689&36,8(73(uv"/:("8(34936$*$/(xmm(9361
48/$4Z(/+K84(-8/(7+*&B84:(D"8634(?(5$/=$/$4(73(63;$"8:(?
,$5*+A/(5&-)$4("#;6+5$40\
23(6348"<+.(3/,8/-34()$-36(&/$(;6$/(D+34,$(3/("$(34-&31
"$:($4'([,8784(+*$/($(98736(<36(?(,8-$6($(U$<+7:(%&3(36$(4&
![f
136
1/6/00, 14:27
"8;68:( 4&( -8/%&+4,$:( 3"( 634&",$78(73(4&(,6$*$B8(48"+7$6+80

@86(4&9&34,8:($/,34()&*8(%&3(63-$&-)&,$6"8\0
F$( D+34,$( ,&<8( 4&( 9$6,3( 86$,86+$0( Y$*".( "$( 78-,86$
]8-^3:(fJ($K84:(73("$(;&$67+$(<+3B$(73("$(48-+$"7358-6$1
-+$Z(3/(-+36,8(5878:(3""$(34($";8($4'(-858("$(;$6$/,'$(581
6$"(73(U$<+7(3/(!"35$/+$0([C/(63$"+7$7\:(7+-3(R";$:([34
/&34,6$(5$76+/$(968,3-,86$\0(X$5*+A/()$*"$68/("$(7+63-1
,86$(73("$(34-&3"$:(&/(73"3;$78(73("84(9$7634(V[8*6368(73
"$( -8/4,6&--+./( ?( &/8( 73( "84( 53B8634( $5+;84( %&3( ,3/31
584($%&'\W:(&/($"&5/8(V[%&3(43()$(-8/<36,+78(3/(&/(*6+1
""$/,3( 98"',+-8\W( ?( &/$( 73"3;$7$( 73( "84( 5$34,6840( F&3;8
U$<+7(73*'$($;6$73-36(3/(4."8(-+/-8(5+/&,84:(9368(-8/("$
,6$7&--+./(V)3-)$(986(2+"<+$:(4&()+B$W(43(D&3($(8-)80(E(D+1
/$"53/,3( )$*"$68/( &/( 7+9&,$78:( 3"( *&6;85$34,63( 73( "$
-+&7$7(?(V-858(,$5*+A/()$*'$/(4+78(+/<+,$784("84(7+4,+/1
,84(;6&984(%&3(,6$*$B$/(986(!5A6+-$(F$,+/$W(&/$(73"3;$1
7$(73"(]UP(4$"<$7863K80([E($)'(/85#4(3593=.(3"(*$+"3
-8/(&/$(86%&34,$(+/,3;6$7$(986(,6$*$B$78634(+,$"+$/840(C/
D+/:(;6$/(301651?F5G+-8/(-85+7$:(*3*+7$:(""$/,84:(3,-0\
_4,$4(48/("$4(9$"$*6$4(%&3(968/&/-+.(U$<+7(>#5986$
343(gm(73(5$6=8(73(GHwGT([C4,$(/8-)3(,+3/3(&/$(3493-+$"
4+;/+D+-$-+./0( U3( $";&/$( %&36+7$( ?( 3S,6$K$( 5$/36$( )31
584(<3/+78($(734937+6/84(?(,$5*+A/($(7$6/84("$(*+3/<31
/+7$0(N84(34,$584(7349+7+3/78:(4+/(,6+4,3=$:(73(&/()851
*63(%&3(34,&<8(96348(/&3<3($K840(d&3(34,&<8(96348(986
/3;$643($(-6&=$6("84(*6$=84(-&$/78(4&(9&3*"8(,&<8()$51
*63:(78"86(3(+/B&4,+-+$0(N84(34,$584(7349+7+3/78:(4+/(8"<+1
78:( 73( &/$( 3S936+3/-+$( 5&?( 7&6$:( &/( 98-8( "$6;$:( 9368
3/865353/,3(<$"+84$0(X878(96348(98"',+-8(73*3($;6$731
-36( $( 4&4( -$6-3"3684( %&3( "3( -8/D+653/:( 3/( "84( )3-)84( ?
48*63(4&(93648/$:("$(<$"+73=(73(4&4(-8/<+--+8/34:("$(6$=./
73( 4&4( 9$4840( N&/-$( &/( )85*63( 34,#( 5#4( 43;&68( 73( "8
%&3()$-3:(%&3(-&$/78(&/(78"86(968"8/;$78(/8("8;6$(%&+1
,$6"3(3"($"+3/,8(?(73668,$6"80(N84(34,$584(7349+7+3/78(73
&/$(4+,&$-+./:(9368(-8/436<$63584(73(3""$(968"+B$(53581
6+$0(Y8?(,$5*+A/(7$584("$(*+3/<3/+7$($(&/(9$763(3/(34,$
34-&3"$0( X634( )+B84( ?( &/$( 34984$( 53( )$/( ,6$'78( 73( "$
5$/8Z(%&+363/(584,6$653("$(3S-3"3/-+$(%&3($/+7$(3/("84
![g
137
1/6/00, 14:27
43634( )&5$/840( Y85*634(?(5&B3634(73"(9&3*"8(-$9$-34

73(3/,63;$6(?(3/,63;$6430(C4(&/(9$763(358-+8/$78:(%&3
43( 4+3/,3( 3/( 4&( 9689+$( -$4$:( 3"( %&3( )8?( 9&373( 73-+6"34
o)8"$p(?(963;&/,$6"34(7./73(<$584(B&/,840(2+3/,8(73/,68
5'8(%&3(34,$(D+34,$(34($";8(3493-+$":(5&?(7+4,+/,8($(,878:
$";8( /&3<8( 3( +5986,$/,30( X$/( 9368( ,$/( +5986,$/,3:( %&3
/8(48?(-$9$=(73(73-+6("$4(9$"$*6$4(3S$-,$4(%&3(73*+36$0
X$/(9368(,$/(/&3<8:(-858(4+35963(634&",$("$(-$"+73=(73("$
;3/,3(<8"-$7$()$-+$($D&36$:(73("$(;3/,3(%&3(43()$(9&34,8
$(%&3636($("84(8,6840(X$5*+A/()$?($%&'(;6$/73=$(34,$(/81
-)30(Y$?("$(/3-34+7$7(+5936+84$(73(43;&+6()$-+3/78:(73
43;&+6(9&7+3/780(N3-34+7$7(%&3(*68,$(73("8("8;6$780(@861
%&3(&4,3734(9&7+368/0(@&7+368/(5#4(%&3("$(*6&,$"+7$7(73
&/$(7+-,$7&6$:(5#4(%&3(3"(3593-+/$5+3/,8(?(3"(87+8(73
"84( -$6-3"3684:( 5#4( %&3( "$( 9363=$( ?( "$( -8587+7$7( 73( "$
<+7$( 9$6$( 4'( 5+45840( i4,3734( 9&7+368/( ?( ?8( 34,8?( $%&'
-858(96&3*$(73"(98736(73(&4,37340(@6&3*$:(9368(/8(531
7+7$0(@86%&3(/8()$?(537+7$(%&3(9&37$($*$6-$6(,878("8
%&3( 43( <&3"<3( 984+*"3( 9$6$( "$( ;3/,3( %&3( 43( )$( 9&34,8( $
987360( `3( $,63<8( )8?( $( ,85$6( "$4( <8-34( 73( 5+4( ,$/,84
)365$/84(963484:($(6396343/,$6"84(-$*$"53/,3:(9$6$(731
-+6"34T(5&-)$4(;6$-+$4(986(/8(73B$6/84(48"84:(5&-)$4(;6$1
-+$4(986(%&3636/84(,$/,80(@$6$(937+6"34(%&3(3593-+/3/(4&
48"+7$6+7$7( )$-+$( !5A6+-$( F$,+/$:( -8/,+/3/,3( %&3( 34,#
-8596$/78(-8/(4$/;63(4&(7363-)8($(436("+*630(@873584
34,$(/8-)3()$*"$6(73(96+4+./(?(5&36,3(4+/(936736("$($"31
;6'$0( @86%&3( /&34,6$( $"3;6'$( 34( "$( 73"( ,6+&/D8( 5+"+,$/,3:
986%&3(/&34,6$(D+34,$(34("$(73"(34D&36=8(-85*$,+3/,30(C41
,$584(D3"+-34(986%&3(4$*3584($4&5+6(3"(78"86(73("84(731
5#40(F8(%&3(&4,3734(53()$/(7$78:(/8()$?(D865$($73-&$1
7$(73($;6$73-36"80(!(&4,3734(73*8(3"($+63("+*63:(?("$("&=:
"$4( -$""34( ?( "$4( <8-34:( 3"( 4&3K8( ?( "84( "+*6840( i4,3734( 53
)$/(73<&3",8(5+4()+B84(?(5+(34984$T(5+("&;$6(73(-$6+K8:
5+(9365$/3/,3(,36/&6$0(`3($<36;s3/=$(34,$6"34()$*"$/1
78:( 7+-+A/78"34( -84$40( F8( Q/+-8( %&3( ,3/;8( 9$6$( ,6$41
5+,+6"34( 34( 5+( D3( 3/( 3"( )85*63( ?( 5+( 89$-$( 4$*+7&6'$( 73
963480(@63-+4$53/,3($(&4,3734:(3593-+/$7$(;3/,3(*&3/$:
%&3($-$*$/(73(63$"+=$6("8(+5984+*"30(i4,3734(%&3(4$*3/(?
![i
138
1/6/00, 14:27
9&373/0(C4(9$6$(&4,3734("$(D+34,$:(9$6$(&4,3734(3"($;$4$1
B80(E(48?(?8(%&+3/("84($9"$&73(?("84($*6$=$\0
F84($"35$/34(""86$68/:(?("84("$,+/8$536+-$/84(/+(%&A
73-+60( N8( 36$( 9$6$( 53/840( 23;Q/( -&3/,$( R";$( V986%&3
U$<+7(34(5&?(7+4-63,8W([&/$(5&-)$-)$(43("3($*6$=.(?("3
$-$6+-+.("$(349$"7$(7&6$/,3(&/("$6;8(6$,8:($;6$73-+A/78"3
"8( 5&-)8( %&3( "3( )$*'$( 7$780\( U349&A4( 73( ,878:( "$( 5&1
-)$-)$( ,3/'$( 6$=./0( 2+/( 4$*36"8( /+( 96898/A643"8:( U$<+7
)$*'$(*6+/7$78($(34$(-8"3-,+<+7$7("$(3S-39-+8/$"(8-$4+./
73(3S9634$6("8(53B86(73(4'(5+45$0
![j
139
1/6/00, 14:27
N)#+%&h&-U+,(1+<0B.+770;0A2+U6A:08
\*26+ 5K/>01M5>2]+ V06+ AB0.+ 51+ OF5+ 5./26+ .5?F>2+ A5
.5>72d+2/>2.+51+OF5+12+75+32135A2+70+;512>+:;<2>/013:0d
6+<2>+@7/:;2+2/>2.+;D.+,;5M2>+A:>B0+OF5+.21+12345.8+51
OF5+A5+1:1?@1+;2A2+0A;:/2+01/5+;B+;:.;2+5.0+5K/>01M5L
>B09+\*5>D+OF5+70+321A:3:S1+A5+5K/>01M5>2+5.+F1+5./0A2+A5
D1:;2]+J>2C0C75;51/5+.:+5./FH:5>0+51+h:1701A:0+2+51+70.
".70.+ A5+ R0C2+ Z5>A5+ 2+ 51+ 57+ Z0/:3012+ 2+ 51+ N0770.G+ ;5
.51/:>B0+ :15K2>0C75;51/5+ 5K/>01M5>2G+ 6+ 0F1+ 0.BG+ OF:Q1
.0C59+N:342+.50+A5+<0.2G+\<2>+OFQ+5;<5I0>5;2.+.:5;<>5
321+ h:1701A:0+ 3F07OF:5>+ 1S;:10+ A5+ 75M01B0.G+ A5+ 721L
/0101I0.G+ A5+ 5K/>0/5>>:/2>:07:A0A5.]+ \cF:Q1+ 12.+ 40C>D
<F5./2+5.5+<>5MF:3:2+51+70+.5.5>0]+V0C70>+A5+07?F:51+OF5
5./D+ 51+ h:1701A:0+ .:5;<>5+ 40+ .:A2+ <0>0+ 12.2/>2.+ 32;2
A53:>+ OF5+ 5./D+ 51+ 72.+ OF:1/2.+ :1E:5>12.G+ 6+ .:+ 12+ .:5;<>5
0.:;:70;2.+ 70.+ A2.+ 035<3:215.+ 5.+ <2>OF5+ 1F130+ .5+ 401
H:./2+OF:1/2.+:1E:5>12.+321+/01/2+4:572+6+/01/0+1:5H59+N5.L
<FQ.+A5+/2A2G+\OFQ+.0C5;2.+A5+72.+E:15.5.+2+E:1701A5.5.G
0<0>/5+ A57+ u$"3<$"$( 6+ 57+ #2C57+ 0+ *:770;<yyG+ Q.5+ A5+ 72.
3F0/>2+ <F1/:/2.+ .2C>5+ 70.+ A2.+ 05.]+ V0./0+ 70.+ 27:;<B0A0.
A5+!jeT+72.+A:0>:2.+A57+R212+*F>+5.3>:CB01+V57.:1.r:G+321
F10+*+01/5.+A5+70+uG+<5>2+F1+/:5;<2+A5.<FQ.+5;<5I0>21
0+ 5.3>:C:>+ V57.:1r:9+ \cFQ+ 40C>D+ <0.0A2+ 51+ 72.+ MF5?2.
27B;<:32.+<0>0+OF5+V57.:1.r:+<5>A:5>0+.F+.5?F1A0+*]
J5>2+12+5./26+51+h:1701A:0+.:12+0OFB9+P+0OFBG+\.26+5KL
/>01M5>2]+ #2+ 4035+ ;F342+ 75B+ 51+ F10+ CF510+ 2C>0+ A5+ F1
0F/2>+ 075;D1+ A5+ 5./2.+ 0;C:H0751/5.+ AB0.W+ X-.+ 3F>:2.2
OF5+72.+5K/>01M5>2.+0<>51A01+<>:;5>2+72.+:1.F7/2.G+70.+5KL
<>5.:215.+ ;07.2101/5.+ 6+ 70+ M5>?0+ A5+ ;2A0+ A57+ <0B.+ 51
OF5+H:H51+,70+;F340340+OF5+775H0+.S72+F12.+;5.5.+51+J9
.F57/0+60+72.+?>:/2.+A5+A272>+51+E>013Q.+6+A:35W+p&:q+51+H5I
A5+ p&Fq89Y+ *5?@1+ 5.0+ A5E:1:3:S1+ 62+ 12+ .5>B0+ 5K/>01M5>2
<2>OF5+ .:?2+ <F/501A2+ /07+ 6+ 32;2+ 72+ 403B0+ 51+ ;:+ /:5>>0
!`k
140
1/6/00, 14:27
<F><@>50+6+3F01A2+/51?2+F1+A272>+:1/51.2+12+<>21F13:2
1:1?F10+:1/5>M533:S1G+1:+A5+70.+:;<2>/0A0.+1:+A5+70.+A2L
;Q./:30.G+.513:770;51/5+<2>OF5+5;:/2+F1+5K/>0=2+.21:A2
OF5+<2A>B0+.5>+;D.+C:51+A5E:1:A2+32;2+212;0/2<Q6:32G
0F1OF5+57+A:33:210>:2+0<2>/0+/>5.+5M5;<72.+A5+212;0/2L
<560.+ ,;:0FG+ ?7F?7@G+ 30/0<7@18+ OF5+ <2>+ .F<F5./2+ 6+ <2>
.F5>/5+12+/:5151+10A0+OF5+H5>+321+72.+?>F=:A2.+2+CFE:A2.
2+ 5./>:A2>5.+ ?F/F>075.+ OF5+ .F572+ <>2AF3:>+ 51+ /075.
7013:101/5.+230.:215.9
\cFQ+<51.0>B0+62+A5+;B+;:.;2+.:+<2>+5M5;<72+3F01A2
57+;5.+<0.0A2G+5K03/0;51/5+57+;:Q>3275.+1F5H5G+57+<>2E5L
.2>+ )>AS=5I+ ;5+ 0<>5/S+ 57+ A5A2+ 321+ 70+ .S7:/0+ 6+ .S7:A0
<F5>/0+ A5+ .F+ Z27r.v0?51+ 62+ 4FC:5>0+ ?>:/0A2+ ?7F?7@+ 2
30/0<7@1]+-1+30;C:2+;:+;2A5./2+5./>:A2>+?F/F>07G+032;L
<0=0A2+A5+;:>0A0+/0M01/5+,12+51+70+035<3:S1+A5+X30/5?SL
>:32Y+.:12+A5+XOF5+/0M0+2+32>/0Y8G+.5?F>0;51/5+12+75+40L
C>D+ A5M0A2+ 07+ <2C>5+ )>AS=5I+ 70+ ;512>+ AFA0+ 035>30+ A5
;:+2A:2+:1./01/D152G+2A:2+<2>+2/>0+<0>/5+:1MF./2+0A5;D.
A5+ :1./01/D152+ 60+ OF5+ Q7+ ;5+ 40CB0+ >5H51/0A2+ 57+ B1A:35
.S72+ <2>+ :;<5>A210C75+ A:./>033:S1+ 6+ 12+ <2>+ K512E2C:0
;:7:/01/59+%53212I32+.:1+5;C0>?2+OF5+<0>0+;B+12+>5<>5L
.51/S+51/2135.+1:1?@1+321.F572+1:+0/51F01/5+70+:1AFA0L
C75+35>/5I0+A5+OF5+5.5+/0>0A2+.5>B0+30<0I+A5+;0.03>0>75
57+A5A2G+321+/2A0+53F01:;:A0A+6+<0>5M0+/2><5I0G+0+3F07L
OF:5>0+ A5+ .F.+ OF5>:A2.+ 32;<0/>:2/0.9+ &F1OF5+ <0>5I30
;51/:>0+ 0OF5770+ A5.?>03:0+ ;5+ 30F.S+ ?>03:0G+ <2>OF5+ AFL
>01/5+ F12.+ 3F01/2.+ ;:1F/2.+ A5C:;2.+ 40C5>+ .:A2+ A2.
X>2./>2.+ <D7:A2.Y+ ,0E2>/F10A0;51/5+ 12+ 0<0>53:S+ 1:1?@1
.:2FK+51+57+42>:I21/58W+62G+<2>OF5+5./FH5+0+<F1/2+A5+A5.L
;060> ;5+ 51+ ;:/0A+ A5+ ;:.+ 5./>:A2>5.+ ?F/F>075.G+ 6
)>AS=5I+<2>OF5+/0;C:Q19+R21+70+@1:30+A:E5>513:0+A5+OF5
57+A5A2+5>0+;B29+&42>0+C:51G+5.5+2A:2+:1./01/D152G+6+>5L
3212I32+ OF5+ :1MF./2G+ OF5+ 5K<5>:;51/Q+ 403:0+ ;:+ 3275?0
0F1+3F01A2+5./FH5+0+<F1/2+A5+A5.<72;0>;5G+\72+40C>B0
.51/:A2G+51+57+;:.;2+?>0A2G+.:+57+AF5=2+A57+Z27r.v0?51
4FC:5.5+.:A2+F1+2>:51/07+A57+J0.2+'27:12G+A5+$0;C2>5.+2
A5+J07;:/0.]+$51?2+;:.+AFA0.+07+>5.<53/2G+<5>2+32;2+70
@1:30+E2>;0+A5+.07:>+A5+5770.+.5>B0+OF5+F1+32;<0/>:2/0+A57
!`!
141
1/6/00, 14:27
J0.2+'27:12G+A5+$0;C2>5.+2+A5+J07;:/0.G+;5+A5.C0>0/0>0
F1+A5A2+321+70+<F5>/0+A5+.F+Z27r.v0?51+,C04G+70+;0>30
<F5A5+.5>+2/>08+12+/51?2+1:1?@1+:1321H51:51/5+51+;01L
/515>;5+51+57+<>530>:2+6+321E2>/0C75+/5>>:/2>:2+A5+70+AFA0
E:72.SE:309+N5+/2A0.+;015>0.G+.:+;:+2A:2+:1./01/D152+40L
3:0+57+<57;0+A5+)>AS=5I+/FH:5>0+32112/03:215.+:1/5>10L
3:21075.G+2+<2>+72+;512.+:1/5>0;5>:3010.G+;:+30.2+60+12
.5>B0+A5+K512E2C:0+.:12+/2A2+72+321/>0>:29
-7+/>0.<701/5+E2>I2.2+5.+AF>2+51+3F07OF:5>+5A0A9+-.2+72
45+.FE>:A2+51+30>15+<>2<:09+J5>2+/07+H5I+.501+72.+MSH515.
OF:515.+ .5+ .:51/51+ ;D.+ 30./:?0A2.9+ P+ 12+ 72+ A:?2+ <2>
b>03:570G+2+<2>+%2701A2G+2+<2>+57+;:.;2+*01/:0?2+3F01L
A2+ 07?@1+ AB0+ 5./Q+ 7:C>59+ J:51.2+ ;D.+ C:51+ 51+ 72.+ ;F340L
342.+ OF5+ 5>01+ /2A0HB0+ F12.+ ?F>:.5.+ 3F01A2+ 5;<5IS+ 57
OF:72;C29+ &+ 5772.+ 75.+ A5C5+ .5>+ 30.:+ :;<2.:C75+ 32135C:>
5./5+/>0;2+A5+.F.+H:A0.+32;2+07?2+12+/>01.:/2>:2G+32;2
F10+E>F./>03:S1+0+70>?FB.:;2+<70I29+P+57+<57:?>2+5.+OF5+/07
.51.03:S1+<F5A0+321H5>/:>72.+51+HB3/:;0.+A5+F10+5>2.:S1
:>>5H5>.:C759
\RFD1/2.+ A5+ 5.2.+ OF5+ 01/5.+ H:;2.+ ;:7:/01A2+ 32M2L
1FA0;51/5+51+U0+$5M0+2+51+'07HB1+2+51+"1AF./>:0.G+6+426
H5;2.+ 51+ J0>B.G+ MF1/2+ 07+ *03>QLR25F>G+ 2+ 51+ 57+ J21/5
Z5334:2+ E72>51/:12G+ 2+ 51+ 57+ %0./>2+ A5+ '0A>:AG+ /51A:A2.
MF1/2+0+<>2AF3/2.+0>/5.01075.+OF5+5772.+;:.;2.+401+;27L
A50A2+ 2+ /5M:A2G+ 3FD1/2.+ A5+ 5.2.+ ;F340342.+ 6+ ;F340L
340.G+A5+H0?0+.21>:.0+6+;:>0A0+75M010G+12+40C>D1+H:./2G
;5.5.+2+0=2.+0/>D.G+3S;2+30B01+0+.F+70A2+72.+30;0>0A0.
;D.+ OF5>:A2.G+ 2+ 12+ 40C>D1+ 2BA2+ ?>:/2.+ A5.?0>>0A2>5.
A5.A5+ 70+ 357A0+ 10F.50CF1A0+ 6+ 321/:?F0]+ \RS;2+ MFI?0>
MF./:3:5>0;51/5+0+5./2.+152<5.:;:./0.G+0+5./2.+5.3Q</:32.
<>5;0/F>2.G+.:+12+.5+5;<:5I0+<2>+51/51A5>+OF5+.F.+5.<5L
>01I0.+401+.:A2+0C>F</0;51/5+;F/:70A0.]+\RS;2+2;:/:>
OF5+0+5./2.+MSH515.G+.5?>5?0A2.+A5+.F+;5A:2G+A5+.F+E0;:L
7:0G+A5+.F.+0;:?2.G+A5+.F.+0F70.G+.5+75.+40+.F.<51A:A2+.F
4F;01B.:;2+A5>5342+0+>5C570>.5+32;2+MSH515.G+0+7F340>
32;2+MSH515.]+*S72+.5+75.+A5MS+57+A5>5342+0+;2>:>+32;2
MSH515.9
&+ H535.+ 72.+ ;F340342.+ /:5151+ F1+ H072>+ 0+ <>F5C0+ A5
!`T
142
1/6/00, 14:27
C070.G+ 6+ .:1+ 5;C0>?2+ 12+ <2.551+ F1+ D1:;2+ 0+ <>F5C0+ A5

A5.51301/2.9+*:+07+;512.+62+6+2/>2.+H5/5>012.+<FA:Q>0L
;2.+ 321H5135>72.+ A5+ OF5+ .F+ 2C7:?03:S1+ 5.+ ;01/515>.5
MSH515.9+#2+51H5M535>+A5+12./07?:0G+A5+/5A:2+2+A5+>5132>G
.:12+;01/515>.5+MSH515.G+<0>0+OF5+51+70+42>0+A57+>5?>5.2
HF57H01+ 32;2+ MSH515.+ 6+ 12+ 32;2+ >5.:AF2.+ A5+ <0.0A0.
>5C57AB0.9+R2;2+MSH515.G+5.+A53:>G+32;2+H:A09
N5.<FQ.+A5+5./0+/:>0A0+3>52+OF5+/51?2+A5>5342+0+>5.L
<:>0>+ 421A29+ N53:A:A0;51/5G+ 3F01A2+ ;5+ <21?2+ .5>:2
<F5A2+H27H5>;5+:1.2<2>/0C759+J5>2+/0;C:Q1+30C5+70+<2L
.:C:7:A0A+A5+OF5+57+H5>A0A5>2+%0E057+&?F:>>5+.50+Q./5G+57
:1.2<2>/0C75G+ 57+ <5.0A2G+ 57+ >5/S>:32G+ 6+ OF5+ 51+ 30;C:2+ 57
2/>2+ %0E057+ &?F:>>5G+ 57+ OF5+ A:.E>F/0+ 403:51A2+ MF5?2.+ A5
<070C>0.+6+.5+CF>70+F1+<232+A5+72.+A5;D.+6+C0./01/5+A5+.B
;:.;2G+.50+51+>507:A0A+F10+;D.30>0+A57+2/>29
cF:ID+.50+F1+;2A2+:>>5?F70>G+01S;072G+A5+>5.<21A5>+0
;:+<>2<:0+<>5?F1/0W+\.26+5K/>01M5>2]+P+;5+>5.<21A2+0.BG
321+ F10+ ;012G+ 70+ A5>5340G+ 51+ 57+ .FA0>:2G+ 6+ 2/>0G+ 70+ :IL
OF:5>A0G+ A:CFM01A2+ F1+ .27+ OF5+ 2M07D+ EF5>0+ /01+ 5.<21/DL
152+6+7F;:12.2+32;2+57+OF5+/>0I0+;:+1:5/0+321+.F.+:1.S7:L
/2.+ 5+ :1.2751/5.+ 3272>5.9+ *S72+ OF5+ 62+ 12+ <F5A2+ A:.5=0>
F1+.27+H5>A5+6+F10.+1FC5.+>2.0.+32;2+5770+.B+4035G+.:1+70
;512>+ >5/S>:30+ A5+ 3:5729+ P+ 51+ A5E:1:/:H0+ 3>52+ OF5+ 51+ ;B
<F5A5+;D.+57+.27+,0F1OF5+.50+2>/2A2K0;51/5+0;0>:772+6
10>01M08+OF5+57+.FA0>:29
U2+@1:32+OF5+<F5A5+>5A:;:>+0+F1+H:5M2+5.+OF5+0+AF>0.
<510.+ .5+ .:51/0+ M2H519+ V5+ A:342+ M2H51+ 6+ 12+ H5>A5G+ 2M29
#2+OF5+.5+40?0+57+<:C5+H:./:51A2+3272>:1345.+2+5.3F3401L
A2+ 5.0+ <2>OF5>B0+ 321+ 70+ OF5+ 0/F>A51+ 51+ 70.+ A:.32/530.
,04+ 72.+ :132;<0>0C75.+ ^50/75.+ A5+ ;:+ <>5H5M5IG+ 0OF5772.
A5+X':345775Y+2+XP5./5>A06Y+2+X-75012>+%:?C6Y8G+.:12+.:1L
/:Q1A2.5G+0+AF>0.+6+;0AF>0.+<510.G+F1+H:5M2+M2H519
$07+ H5I+ EF5+ 5.2+ 72+ <>:;5>2+ OF5+ 51/51A:S+ U6A:0G+ 6+ /07
H5I+EF5+5.2+,OF:5>2+A53:>+57+45342+A5+OF5+72+4060+51/51L
A:A28+72+<>:;5>2+OF5+;5+?F./S+51+57709+P+.:1+4035>.5+A5L
;0.:0A0.+:7F.:215.9+cF:ID+.F35A:S+A5+5.5+;2A2+<2>OF5
5.+ A5+ 0OFBG+ A:?0;2.+ <2>OF5+ 12+ 5.+ 32;<0/>:2/09+ #0A:5
<F5A5+1:+OF:5>5+OF:/0>.5+.F.+12./07?:0.G+<5>2+57+5K:7:2+12
!`[
143
1/6/00, 14:27
A5C5+321H5>/:>.5+51+E>F./>03:S19+Z:13F70>.5+6+/>0C0M0>+321
70+?51/5+A57+<0B.G+32;2+.:+EF5>0+1F5./>0+<>2<:0+?51/5G+5.
70+;5M2>+E2>;0+A5+.51/:>12.+@/:75.+6+12+406+;5M2>+01/BA2L
/2+321/>0+70+E>F./>03:S1+OF5+5.0+.51.03:S1+A5+F/:7:A0A9
Z:13F70>.5+321+70+?51/5+A57+<0B.9+^F512G+62+;5+H:13F7Q
321+ U6A:09+ R2;2+ 0+ H535.+ 75+ A:?2W+ A5.<FQ.+ A5+ /2A2G+ 60
H5.G+ 5./26+ 76A:01A29+ P+ ;5+ .:51/2+ ;5M2>9+ U5M2.+ OF5AS+ 57
.:;F703>2+A57+C0./S19+$0;C:Q1+<2>+5.2+12+;5+.:51/2+5KL
/>01M5>2G+ <2>OF5+ 5770+ 12+ 5.+ 5+( 3S,6$/B36$( .:12+ 07?2+ 0.B
32;2+5+(5&B360($:515+.F+<232+A5+.01?>5+:1A:0G+5142>0L
CF5109+)+OF:ID+70+/51?0+A5+.01?>5+15?>0G+/0;C:Q1+5142L
>0CF5109+N:?0;2.+OF5+.F+7:1A0+<:57+5.+;D.+2.3F>:/0+OF5
70+A5+b>03:570+2+70+A5+^50/>:I9+P+0@1+;D.+2.3F>:/0+,6+;FL
342+;512.+0>>F?0A:/08+OF5+70+;B09
$07+H5I+;5+H:13F7Q+321+F1+<0B.+770;0A2+U6A:09+P+5.+F1
15K2+A:./:1/2+0+/2A2.+;:.+01/5>:2>5.9+h07/01+H0>:2.+:1?>5L
A:51/5.+37D.:32.W+F>?513:0G+<0.:S1G+2<>5.:S1+51+57+<5342G
1:+ .:OF:5>0+ ;5+ 0/>5H5>B0+ 0+ A53:>+ OF5+ 5./26+ 510;2>0A2G
<5>2+0+72+;5M2>+;5+0/>5H2+0+<51.0>729+-.+370>2+OF5+.:+32L
;5/2+57+5>>2>+A5+;:>0>;5+07+5.<5M2G+0F/2;D/:30;51/5+;5
77512+ A5+ 32>AF>09+ #2+ 406+ ,1:+ /07+ H5I+ 40608+ ;0/>:;21:2G
<5>2+72+OF5+12+<F5A2+15?0>+5.+OF5+.:+C:51+U6A:0+12+5.+A5
;:+07A50G+5.+51+30;C:2+A5+;:+30./0G+A5+;:+/>:CF9+P+5.2+A5
OF5+;5+H:13F7Q+07+<0B.+U6A:0+12+5.+F1+.:;<75+/>2<2G+<2>L
OF5+EF5+5770+OF:51+;5+:1/>2AFM2+51+70.+32.0.G+51+70.+32;:L
A0.G+51+70.+?51/5.+A5+0OFB9+P0+45+5;<5I0A2+0+E5./5M0>+,12
0+<>21F13:0>G+548+72.+;2A:.;2.+723075.G+12+.S72+72.+A5E:L
1:/:H2.G+.:12+/0;C:Q1+72.+/>01.:/2>:2.G+32;2+<2>+5M5;<72
3F01A2+57+3213F=0A2+A5+U6A:0+321E:5.0+OF5+/:515+?010.
A5+ ;2H5>+ 57+ C:?2/5G+ 6+ 5.2+ OF:5>5+ A53:>+ OF5+ 0.<:>0+ 0+ 07L
;2>I0>9
#2+ 2C./01/5G+ ;5+ .:?2+ H:51A2+ 321+ 72.+ 32;<0/>:2/0.9
V06+;F7/:/FA+A5+/5;0.+OF5+.S72+<F5A2+40C70>+321+5772.G
OF:5>2+A53:>+40C70>72.+321+<751:/FAG+321+32123:;:51/2+A5
30F.0G+0F1OF5+12+.:5;<>5+321+32123:;:51/2+A5+5E53/2.9
V035>+57+32;<75M2+C070135+A57+<0.0A2G+;D.+0>AF2+3F01L
/2+;D.+35>3012G+2+32;2+A:35+57+CF510I2+A5+Z07AQ.+,;5L
A:3:10+ ?515>07+ 6+ HB0.+ >5.<:>0/2>:0.8+ 321+ .F+ A5E2>;03:S1
!``
144
1/6/00, 14:27
<>2E5.:2107W+ 406+ OF5+ 0F.3F7/0>+ 57+ <0B.G+ .5=2>5.G+ <215>75

70+2>5M0+MF1/2+07+72;2+<0>0+.51/:>+3S;2+>5.<:>0+6+51/21L
35.+2>A510>G+A:?0+/>5:1/0+6+/>5.G+A:?0+<2>+E0H2>+$>5:1/0+6
$>5.+)>:51/075.9
J5>2+ 0+ 5./0+ 07/F>0+ 5.2+ 12+ ;5+ C0./09+ #2+ <F5A2+ H:H:>
0OFB+6+0.BG+321+70+2C.5.:S1+A5+OF5+;0=010+2+57+<>SK:;2
23/FC>5+ 2+ A51/>2+ A5+ A2.+ 0=2.G+ H26+ 0+ OF:/0>+ 0;0>>0.+ 6
5;<>51A5>+57+>5?>5.2G+57+;B/:32+>5?>5.2G+<2>OF5+57+5./:72
<>2H:.:2107+M0;D.+2/2>?0+<751:/FAG+6+51/2135.+;5+:1/5>12
51+ 57+ <0B.+ U6A:0G+ 6+ 5./2+ 5.+ ;F342+ ;D.+ OF5+ F1+ .B;C272
.5KF07+,.:1+<5>MF:3:2+A5+OF5+077B+;5+:1/5>15+6+.50+F1+7:1A2
H:0M58G+5.+/0;C:Q1+51/5>0>;5+A5+72+OF5+.5+51/5>0+70+?51/5
A57+<0B.+U6A:0G+5.+5.3F340>+72.+12/:3:5>2.+A5+>0A:2+6+/575L
H:.:S1+A5+30C2+0+>0C2+6+12+.270;51/5+3F01A2+75.+/230+0
70.+ 12/:3:0.+ :1/5>103:21075.G+ 51+ 70+ 32/:A:010+ 5.<5>0+ A5
OF5+ <2>+ E:1+ 775?F5+ 07?2+ CF512+ A5.A5+ 077D+ 0C0M29+ J5>2+ 72
OF5+775?0+5.+OF5+A5.0<0>53:5>21+2/>2.+3F0/>2G+2+;F>:5>21
/>5.+ 51+ 70+ <>:.:S1+ 6+ 12+ .:5;<>5+ <2>+ 72+ OF5+ 3:5>/2+ A5E5L
15./>0A2+ <>5.:A51/5+ 770;0C0+ X57+ >:?2>+ 6+ 70+ 5K:?513:0+ 51
72.+:1/5>>2?0/2>:2.YG+.:12+<F>0+6+5K37F.:H0;51/5+<2>+E0/:L
?0+6+.2C>5.0/F>03:S1+A5+3D>3579+U2+OF5+775?0+5.+OF5+4FC2
;D.+ 6$4,6+""84( 6+ 3065>21+ OF:1:51/2.+ 6+ 7F5?2+ .27/0>21+ 0
3F0/>23:51/2.+ H5:1/5+ 32;2+ 5>0+ <>5H:.:C75G+ <5>2+ OF:Q15.
.5>D1+72.+23451/0+>5./01/5.G+OFQ+75.+40>D19
-./0;2.+<5>A:51A2+70+.07FA0C75+32./F;C>5+A5+70+5.<5L
>01I09+P0+30.:+12+51/51A5;2.+OF5+2/>0.+.23:5A0A5.+70+.:L
?01+ ?515>01A29+ %53F5>A2+ 70+ ;0A>F?0A0+ A57+ />5:1/0+ A5
12H:5;C>59+U5+40CB0+A:342+0+U6A:0+OF5+12+H:1:5>09+cF5L
>B0+5./0>+.272+321+;:+5.35</:3:.;29+#2+3>5B0+51+57+<75C:.L
3:/2G+;5+<0>53B0+F10+/>0;<0+>:AB3F709+J5>2+0+70.+/>5.+A5+70
;0A>F?0A0+;5+A5.<5>/Q+6+/FH5+70+32>0I210A0+A5+51351L
A5>+70+21A0+32>/09+P+70+12/:3:0+H:12+32;2+51/>5;5I370A0
321+ ;:+ .F5=2+ ,OF5+ 12+ 40CB0+ .:A2+ <0>/:3F70>;51/5+ 5./:L
;F701/58+ 6+ 57+ #)+ 40CB0+ 0>>2770A2+ 70+ <>2<F5./0+ A5+ 72.
;:7:32.G+ 6+ .S72+ 3F01A2+ ;5+ 321H513B+ A5+ OF5+ 5.2+ 12+ 5>0
F10+<2.A0/0+A5+;:+.F5=2G+.:12+F10+12/:3:0+>507G+.S72+51L
/2135.+ .07/Q+ A5+ 70+ 30;0+ 6+ ?>:/Q+ 32;2+ .:+ 5./FH:5>0+ 51+ 57
-./0A:2+6+A5+<>21/2+;5+A:+3F51/0+A5+OF5+5./0C0+772>01A2
!è
145
1/6/00, 14:27
.:1+ 1:1?F10+ H5>?_51I0+ 6+ 40./0+ 321+ .2772I2.+ 6+ OF5+ 5.5

7701/2+12+5>0+3F>.:+1:+>:AB3F72+6+;5+.2><>51AB+/01/2+A5+;:
<>2<:2+5./077:A2+OF5+OF:.5+>532>A0>+3FD1A2+40CB0+772>0A2
0.B+<2>+@7/:;0+H5I+6+/FH5+OF5+>5/>235A5>+40./0+23/FC>5+A57
fgG+ 51+ '21/5H:A52G+ /0;C:Q1+ .272+ 6+ A5+ 12345G+ 3F01A2
2/>0+21A0+32>/0+40CB0+<2>;512>:I0A2+70+/>:./5I0+:1E2>;0L
/:H0+A5+h:A57+.2C>5+70+;F5>/5+A57+R459
J5>2+ 51+ 12H:5;C>5+ A57+ ikG+ 70.+ ?51/5.+ A57+ <0B.+ U6A:0
;5+A5M0>21+772>0>+0+.270.+6+72+0?>0A53B9+*S72+H:1:5>21+07
AB0+ .:?F:51/5+ <0>0+ 0C>0I0>;5G+ A5.<FQ.+ A5+ 0.5?F>0>.5
C:51+A5+OF5+62+/51B0+72.+2M2.+.532.G+6+<0>0+OF5+75.+5K<7:L
30>0+72+:15K<7:30C75G+6+51/2135.+75.+EF:+A:3:51A2+;:51/>0.
62+ ;:.;2+ ;5+ 321H513B0W+ 70+ A:3/0AF>0+ A53:A:S+ 0C>:>G+ 12
F10+<F5>/0G+.:12+F10+>51A:M0G+6+F10+>51A:M0+/01+<5OF5=0
OF5+.S72+<FA:5>0+51/>0>+51+5770+F10+.270+.B70C0G+6+51/21L
35.+ 70+ ?51/5+ H:2+ 0OF5770+ 451A5AF>0+ 6G+ .:1+ <51.0>72+ A2.
H535.G+32723S+077B+70+.B70C0+#)9+-.+<>2C0C75+OF5+;0=010
A51+F1+<2>/0I2G+3:5>>51+2/>0+H5I+70+E2>/075I0+OF5+40CB01
3>5BA2+:15K<F?10C75G+<5>2+60+.5>D+/0>A5G+70+>2/F1A0+.B70L
C0+40C>D+OF5A0A2+A51/>2G+75.+.5>D+:;<2.:C75+A5.4035>.5
A5+ 57709+ -1+ 5./0+ Q<230+ A5+ C2;C0.+ 15F/>S1:30.+ 6+ 2M:H0.
1F3750>5.G+ 5.+ :13>5BC75+ 3FD1/2+ <F5A5+ 4035>+ /2A0HB0+ F10
<2C>5+.B70C0+15?0A2>09
P+U6A:0+H:12G+370>2+,12+60+57+<0B.+U6A:0G+.:12+U6A:0+.2L
7:/0+6+.F+07;08+6+12+;5+A:M2+10A0+6+/0;C:Q1+.5+72+0?>0A5L
3BG+6+A5.<FQ.+A5+0.5?F>0>.5+5770+/0;C:Q1+A5+OF5+62+/51B0
72.+2M2.+.532.G+.5+.51/S+51+57+.F572+MF1/2+0+;B+,62+5./0C0
32;2+ .:5;<>5+ 51+ 70+ ;535A2>0+ 6+ A5MQ+ A5+ ;535>;58+ 6
0<26S+ 51+ ;:.+ >2A:770.+ .F+ 30C5I0+ 2.3F>:/0+ 6+ .F.+ 30C5772.
15?>2.9
!`f
146
1/6/00, 14:27
^-&$%"m+,U0+0;1:./B08
&;1:./B0+5.+F10+<070C>0+A:EB3:7G+2+32;2+A:35+57+0CF572
%0E057+;F6+<57:0?FA0G+<2>OF5+/:515+F10+'+6+F10+#+OF5
.:5;<>5+H01+MF1/0.9+&;1:./B0+5.+3F01A2+0+F10+75+<5>A2L
101+F10+<51:/513:09+J2>+5M5;<72+.:+62+H51?2+A5+70+5.3F5L
70+321+70+>2<0+/2A0+.F3:0+6+b>03:570+2+.50+;:+;0;:+;5
A:35+<2>+F10+.5;010+5./0>D.+.:1+<2./>5G+6+.:+A5.<FQ.+;5
<2>/2+C:51+6+0+72.+/>5.+AB0.+/>0:?2+CF510.+12/0.+51+0>:/;QL
/:30+51/2135.+5770+;5+A0+F10+0;1:./B0+6+<F5A2+H27H5>+0
32;5>+4570A2+A5+5.2.+OF5+.5+770;01+30120+6+/:5151+/>5.
<572/0.+F10+A5+H0:1:770+2/>0+A5+3423270/5+6+2/>0+;D.+A5
E>5.0+OF5+H:515+0+.5>+72+;:.;2+OF5+57+0CF572+%0E057+770L
;0+E>F/:770.9
$0;C:Q1+3F01A2+$5>5.:/0+6+62+5./FH:;2.+<5750AB.:;0.
<2>OF5+5770+;5+40CB0+A0A2+F1+.2<0<2+77512+A5+C0>>2+6
<0.0;2.+32;2+A2.+.5;010.+.:1+A53:>12.+1:+340F+1:+<>5.L
/0>12.+57+35<:772+A5+A:51/5.+A5+<>21/2+H:+OF5+70+<2C>5+5.L
/0C0+ ;F6+ 0>>5<51/:A0+ 6+ 12+ <2AB0+ H:H:>+ .:1+ ;:+ 30>:1:2+ 6
;5+ A:+ 3F51/0+ OF5+ .F.<:>0C0+ EF5>/5+ 3F01A2+ 62+ <0.0C0+ 6
5;<53Q+ 0+ /515>+ ;:5A2+ A5+ OF5+ .5+ .F:3:A0>0+ 32;2+ 51+ 70
/575+0.B+OF5+70+770;Q+6+75+A:M5+;:>D+$5>5.:/0+62+/5+0;1:./B2
<5>2+5770+51/2135.+3>56S+OF5+70+40CB0+770;0A2+10A0+;D.
OF5+<0>0+:1.F7/0>70+6+.5+<F.2+0+772>0>+0+7D?>:;0+30A0+H5I
;D.+ H:H0+ 40./0+ OF5+ 12+ /FH5+ ;D.+ >5;5A:2+ OF5+ A53:>75
$5>5.:/0+ 12+ .50.+ CF>>0+ 62+ /5+ 0;1:./B2+ OF:5>5+A53:>+62+/5
<5>A212+6+51/2135.+5;<5IS+0+772>0>+A5+1F5H2+<5>2+321
2/>2+7701/2+<2>OF5+Q./5+5>0+A5+5;23:S19
$0;C:Q1+57+2/>2+AB0+H:+<2>+70+/575+F10+32>>:A0+A5+/2>2.
OF5+ 5.+ 32;2+ F1+ 5./0A:2+ A21A5+ F1+ .5=2>+ MF5?0+ 321+ F1
;01/57+3272>0A2+6+F1+/2>2+OF5+.5+4035+57+EF>:2.2+<5>2+5.
CF51B.:;2G+ 6+ A5.<FQ.+ A5+ ;F34B.:;0.+ 42>0.+ A5+ 5./0>+ MFL
?01A2+57+42;C>5+.5+0CF>>:S+6+A:M2+12+OF:5>2+MF?0>+;D.
321+5.5+C:342+OF5+.5+4035+57+EF>:2.2+<5>2+57+/2>2+OF5>B0
!`g
147
1/6/00, 14:27
.5?F:>+MF?01A2+6+51/2135.+EF5+57+42;C>5+OF:51+.5+<F.2
EF>:2.2+ 6+ 32;2+ 5>0+ ;F6+ 153:2+ 75+ 370HS+ 0OFB+ 51+ 70+ 1F30
F10+5.<0A0+70>?FB.:;0+6+57+/2>2+OF5+60+5./0C0+0+<F1/2+A5
<5A:>+70+0;1:./B0+;:>S+07+.5=2>+321+F12.+2M2.+;F6+<5>2
;F6+/>:./5.+6+A5.<FQ.+.5+A5.;06S+51+;:/0A+A5+70+301340
.:1+ OF5+ 10A:5+ 75+ A:5>0+ 70+ 0;1:./B0+ 6+ 0+ ;B+ ;5+ A:2+ /01/0
7D./:;0+OF5+;5+.07:S+F1+.F.<:>2+E:1:/2+E:1:/2+6+5.0+12345
.2=Q+OF5+62+030>:3:0C0+07+/2>2+6+75+A53B0+34:342+34:342
:?F07+ OF5+ 75+ A:?2+ 0+ *0>30.;2+ 57+ <5>>2+ A5+ &1?Q7:30+ 6+ Q7
;F5H5+70+3270+321/51/B.:;2G+<5>2+51+57+.F5=2+57+/2>2+12
70+;2HB0+<2>OF5+.5?FB0+A5.;060A2+51+;:/0A+A5+70+301L
340+6+62+75+A0C0+70+0;1:./B0+<5>2+51+.F5=2.+12+H0759
-7+A:33:210>:2+A:35+OF5+0;1:./B0+5.+57+27H:A2+A5+72.+A5L
7:/2.+<27B/:32.+6+62+5./0C0+<51.01A2+OF5+0+72+;5M2>+0+;:
<0<D+ 75+ A01+ 70+ 0;1:./B0G+ <5>2+ /0;C:Q1+ .:51/2+ ;:5A2+ A5
OF5+57+?515>07+OF5+<F.2+<>5.2+<27B/:32+0+;:+<0<D+/51?0
CF510+;5;2>:0+6+12+.5+27H:A5+A5+72.+A57:/2.9+R70>2+OF5
32;2+;:+<0<D+5.+;F6+<5>2+;F6+CF512+6+.0C5+40./0+C0L
>>5>+72.+3070C2I2.G+0+72+;5M2>+57+?515>07+OF5+72+<F.2+<>5L
.2+<27B/:32+4035+70+H:./0+?2>A0+:?F07+OF5+;:+0CF572+4035
321;:?2G+32;2+.:+.5+27H:A0>0+A5+72.+A57:/2.+0F1OF5+H5>L
A0A5>0;51/5+12+72.+27H:A5+6+0+72+;5M2>+F10+12345+57+?5L
15>07+OF5+72+<F.2+<>5.2+<27B/:32+75+A0+70+0;1:./B0+0.B+A5
>5<51/5+6+.:1+A53:>75+10A0+75+A5M0+70+<F5>/0+.:1+770H5+<0>0
OF5+;:+<0<D+.07?0+51+<F1/0.+A5+<:5+6+.5+0.2;5+30770A:/2
0+70+30775+6+/2;5+F1+/0K:+6+75+3F51/5+;F6+321/51/2+07+342L
E5>+OF5+75+030C01+A5+A0>+70+0;1:./B0+0.B+OF5+72+775H5+51.5L
?F:A0+ 07+ 05>2<F5>/2+ <2>OF5+ OF:5>5+ H51:>+ 0+ H5>12.+ 0
b>03:570+6+0+;B+6+.5<0+OF5+62+/51?2+75+A:>D+07+342E5>+F10
4:M:/0+OF5+4035+;F342.+0=2.+OF5+12+H52+<5>2+.Q+OF5+5.
7:1AB.:;0+6+;F6+CF510+6+57+342E5>+75+A:>D+04+OFQ+:1/5>5L
.01/5+ .5=2>+ 62+ /0;C:Q1+ /51?2+ F10+ 1510+ 6+ .5?F:>D1+ 40L
C701A2+6+40C701A2+6+40C701A2+<2>OF5+40./0+57+05>2<F5>L
/2+.21+F10+301/:A0A+CD>C0>0+A5+r:7S;5/>2.+6+3F01A2+775L
?F51+60+.5>D+A5+12345+6+;:+<0<D+75+A:>D+57+<>2C75;0+5.
OF5+ 32;2+ 5./FH5+ <>5.2+ <27B/:32+ 042>0+ 12+ /51?2+ <70/0
<0>0+ <0?0>75+ 6+ 57+ 342E5>+ 12+ .5+ 0E7:M0+ .5=2>+ .21+ 0<510.
/>5:1/0+6+2342+;:77215.+60+;5+72.+<0?0>D+3F01A2+<F5A0+6
!ì
148
1/6/00, 14:27
321.:?0+/>0C0M2+6+;:+<0<D+OFQ+CF512+5.+F./5A+;F34B.:L
;0.+?>03:0.+6+57+342E5>+12+406+A5+OFQ+6+A575+>53F5>A2.+0
.F+.5=2>0+6+0+.F+1510+OF5+5.+/01+CF510+6+/01+7:1A0+6+OF5
/51?0+CF51+H:0M5+6+72+E57:3:/2+<2>+70+0;1:./B09
&1?Q7:30+51+30;C:2+5.+;F6+>5132>2.0+6+3F01A2+*0>L
30.;2+ 70+ ;F5>A5+ F1+ <232+ 12+ ;F342+ <2>OF5+ /:515+ 72.
A:51/5.+34:OF:/2.+6+12+72+4035+<2>+;07G+5770+75+<5?0+6+75
<5?0+6+A5.<FQ.+12+75+40C70+<2>+/>5.+AB0.+6+62+.Q+OF5+*0>L
30.;2+.5+;F5>5+A5+/>:./5I0+6+5770+.:1+5;C0>?2+1F130+72
0;1:./B09+ &+ ;B+ *0>30.;:/2+ ;5+ A0+ ;F34B.:;0+ 7D./:;0+ 6
;5+72+775H0>B0+0+;:+30.0+<5>2+b>03:570+.:5;<>5+A:35+OF5
51+ 57+ 5K:7:2+ 12+ 406+ OF5+ /515>+ 01:;07:/2.+ <2>OF5+ F10+ .5
5130>:1:0+6+A5+<>21/2+F1+AB0+406+OF5+H27H5>+0+'21/5H:L
A52+6+12+H0;2.+0+775H0>+57+<5>>2+2+57+?0/2+<2>OF5+.5+40L
351+<:34B+51+72.+0H:215.9
RF01A2+H51?0+70+0;1:./B0+H0;2.+0+C0:70>+/01?2.9+U2.
/01?2.+ .21+ F10.+ ;@.:30.+ />:./5.+ OF5+ .5+ C0:701+ 3F01A2
F12+ 5./D+ 075?>5+ 6+ 0.B+ HF57H5+ 0+ <215>.5+ />:./59+ RF01A2
H51?0+70+0;1:./B0+b>03:570+;5+H0+0+32;<>0>+F10+;F=530
1F5H0+<2>OF5+70+'S1:30+60+5./D+<0>0+MFC:70>709+RF01A2
H51?0+70+0;1:./B0+12+40C>D+;D.+32>>:A0.+A5+/2>2.+1:+;5
H01+ 0+ .07:>+ ;D.+ ?>01:/2.9+ P+ 57+ 0CF572+ %0E057+ ;5+ H0+ 0
32;<>0>+ F1+ >572M+ <F7.5>09+ RF01A2+ H51?0+ 70+ 0;1:./B0+ .5
030C0>D+70+0;15.:09+U0+0;1:./B0+5.+32;2+F10+H0303:S1
OF5+.5+H0+0+A5.<0>>0;0>+<2>+/2A2+57+<0B.9+U2.+0H:215.+6
72.+ CFOF5.+ 775?0>D1+ 32;<75/B.:;2.+ A5+ /F>:./0.+ ;F6
<70/FA2.+OF5+:>D1+0+H5>+70+0;1:./B09+U2.+0H:215.+:>D1+/01
77512.+OF5+70+?51/5+5./0>D+<0>0A0+51+72.+<0.:772.+6+70.+.5L
=2>0.+75.+A:>D1+0+72.+.5=2>5.+OF5+H01+.51/0A2.+04+F./5A
/0;C:Q1+H0+0+H5>+70+0;1:./B0+6+51/2135.+57+.5=2>+12+/51L
A>D+;D.+>5;5A:2+OF5+A0>75+57+0.:51/29+RF01A2+H51?0+70
0;1:./B0+40C>D+3F340>:/0.+6+30;:.5/0.+6+351:35>2.+321+70
<070C>0+0;1:./B0+6+/0;C:Q1+;F=530.+OF5+3F01A2+F12+75.
0<>:5/5+ 70+ C0>>:?0+ A:>D1+ 0;L1:.L/BL0+ 6+ /230>D1+ F10
;F.:OF:/09+RF01A2+H51?0+70+0;1:./B0+.5+030C0>D1+70.+/0L
C70.+A5+;F7/:<7:30>G+.2C>5+/2A2+70+A57+2342+6+70+A57+1F5H5
OF5+.21+F10+C0.F>09+'5+:;0?:12+OF5+3F01A2+07?@1+AB0
H51?0+;:+<0<D+H0+0+5./0>+32;2+F1+0=2+40C701A2+.:5;L
!`j
149
1/6/00, 14:27
<>5+A5+70+0;1:./B09+$5>5.:/0+A:35+OF5+*01A>0+A:M2+OF5+51
72.+ <0B.5.+ ;F6+ E>B2.+ 406+ ;512.+ 0;1:./B0G+ <5>2+ 62+ 3>52
OF5+04B+12+A5C5+.5>+/01+?>0H5+<2>OF5+32;2+0EF5>0+5./D
15H01A2+6+.2<70+F1+H:51/2+4570A2+72.+<>5.2.+<27B/:32.+12
OF5>>D1+OF5+72.+A5M51+51+7:C5>/0A+<2>OF5+51+57+3070C2I2
5./D1+;D.+30751/:/2.9+&+H535.+<:51.2+OF5+70+0;1:./B0+5./D
A5;2>01A2+/01/2+OF5+3F01A2+H51?0+0+72+;5M2>+62+.5>Q
?>01A5+ 32;2+ b>03:570+ 6+ />0C0M0>Q+ 51+ F1+ >0.303:572.+ 6
40./0+ <2A>Q+ 3>FI0>+ 70.+ 30775.+ 321+ 7FI+ >2M0+ 32;2+ 40351
.:5;<>5+ 72.+ ;062>5.9+ RF01A2+ H51?0+ 70+ 0;1:./B0+ 30<0I
OF5+b>03:570+75+A:35+07+/B2+%2701A2G+CF512+340F9
!ek
150
1/6/00, 14:27
-U+)$%)+,J21/5+57+3F5><28
\&.B+OF5+;5+51321/>D.+>0>2]+JF5A5+.5>G+%2701A2G+<F5L
A5+ .5>9+ &A5;D.G+ 403B0+ ;F342+ OF5+ 12+ 12.+ H5B0;2.9+ *:1
5;C0>?2G+A5C5>B0+5./0>+E57:I9+P+0+72+;5M2>+5./26+E57:I+6+5.
<>53:.0;51/5+5.2+72+OF5+;5+HF57H5+5K/>0=29+ \$5+<0>535
:;<2.:C75]+ -./0;2.+ /01+ 032./F;C>0A2.+ 0+ 70.+ ;F5>/5.
OF5+3F01A2+<2>+5M5;<72+23F>>5+F1+103:;:51/2+12.+0?0L
>>0+ A5.<>5H51:A2.G+ 2+ 32;2+ A:>B0+ F1+ 0E:3:210A2+ 72307+ 07
CQ:.C27+,60+H5.+3S;2+;5+H26+0A0</01A28+12.+X32?5+EF5L
>0+ A5+ C0.5Y9+ *5?F>0;51/5+ /5+ 5./0>D.+ <>5?F1/01A2+ OFQ
23F>>:S9+P+12+/5+>5.:?1D.+0+3>55>+OF5+72+23F>>:A2+.50+07?2
5./:;F701/59+ \N5.321E:D.G+ 54]+ P2+ /0;C:Q1+ ;5+ 45+ HF57/2
A5.321E:0A29+ P+ .:1+ 5;C0>?2+ 57+ 575;51/2+ 1F5H2+ 5.+ F10
CF510+12/:3:0W+.27/0>21+0+R70FA:0+6+5./D+51+*F53:09+\#2
/5+72+:;0?:10C0.G+54]+JF5.+70+.27/0>21+6+5./D+51+*F53:0G+6
60+;5+5.3>:C:S+6+60+75+5.3>:CB9+\cFQ+/5+<0>535]+*5:.+0=2.
.21+ 70>?FB.:;2.G+ .2C>5+ /2A2+ .:+ /51Q.+ 51+ 3F51/0+ OF5+ 62
<FA5+I0E0>G+0<51:/0.+<5>2+<FA5G+6+5770+12G+5770+/FH2+OF5
32;5>.5+5.2.+.5:.+A5+;:5>A0G+A5+4F;:7703:215.G+A5+<FA>:L
3:S1G+A5+A57:>:29+ P+ 042>0+ A53:;5G+ \3S;2+ :C0+ 0+ ?2I0>+ A5
;:+ 7:C5>/0AG+ 3S;2+ :C0+ 0+ A:.E>F/0>+ A5+ ;:+ />0C0M2+ ,<2>+ E:1
5./26+ 403:51A2+ 07?2+ OF5+ ;5+ ?F./0G+ OF5+ .5+ 32>>5.<21A5
321+;:+H2303:S18G+A57+;5>2+45342+A5+A53:>+51+H2I+07/0+72
OF5+.5+;5+01/2M0G+3S;2+:C0+0+?2I0>+A5+;:+H:A0+.:+.0CB0
OF5+ R70FA:0+ 5./0C0+ 077DG+ >5H51/0A0G+ 01:;2.0+ <5>2
;0745>:A0G+7507+<5>2+/5>>:C75;51/5+01.:2.0]+$51?2+/>5:1/0
6+A2.+0=2.+6+.26+F1+/:<2+>2CF./2+6+.5KF07;51/5+.012G+51
<7512+H:?2>9+Z2.+.0CQ.+OF5+0+5./0+5A0AG+.:+.2.+12>;07G+5.
:;<2.:C75+<0.0>+.5:.+0=2.+.:1+/515>+A5+H5I+51+3F01A2+F10
;FM5>9+P2+/0;C:Q1+72+.Q+6+R70FA:0+72+.0C5+6+51+.F.+30>/0.
;5+72+.F?5>B0+:1A:>53/0;51/5+6+<2>+2/>0.+HB0.+;5+72+;01L
A0C0+A53:>+.:1+0;C0?5.W+X#2+/5+40?0.+<>2C75;0.G+&1?579
P2+/5+OF:5>2+32;2+1F130+6+.:1+5;C0>?2+12+<F5A2+5K:?:>L
!e!
151
1/6/00, 14:27
/5+F10+32.0+0.B9+*2.+F1+42;C>5+M2H51+6+5./D.+0EF5>09+#2
<2AQ.+15?0>/5+0+72+OF5+5.<5>0+57+3F5><29+-.+,&(3F5><29+P2
12+H26+0+.51/:>;5+0?>0H:0A09+n0;D.9+$5+72+A:?2+51+.5>:29
J2>+E0H2>G+3>5Q;5729+N5.<FQ.G+3F01A2+62+.07?0G+60+H5>5L
;2.+ OFQ+ <0.09+ *BG+ 62+ /5+ .:?2+ OF5>:51A2+ 32;2+ 1F130G
<5>2+12+/5+OF5A5.+.:1+;FM5>G+12+/5+321A515.+0+H:H:>+.:1
3F5><2+ A5+ ;FM5>9+ P2+ .Q+ ;5M2>+ OF5+ 10A:5+ 3FD1/2+ 72
1535.:/D.Y9+P+.:5;<>5+0.B9+*S72+E07/S+OF5+;5+/>01.3>:C:5>0
0OF57+ H5>.2+ A5+ Z0775M2W+ XP0+ H0+ 0+ H51:>+ 57+ AB09+ J21/5+ 57
3F5><2Y9+ ->0+ 30.:+ F10+ 2C.5.:S1+ 51+ .F.+ 30>/0.+ 6+ 51+ .F.
;51.0M5.9+ P2+ 75+ >5.<21AB0+ OF5+ 12+ .5+ <>523F<0>0G+ OF5
OF:ID+ ;D.+ 0A5701/5G+ <5>2+ OF5+ 042>0+ 12+ /51B0+ ?010.+ 1:
A5.52.+1:+10A09+P+5770+A5+1F5H2+0+:1.:./:>9+V0./0+OF5+07
E:1+ .5+ A:2+ F10+ 326F1/F>0+ 12+ CF.30A0+ <2>+ ;BG+ 07?2+ OF5
H:12+ ;F6+ 10/F>07;51/5G+ 6+ A53:AB+ <215>;5+ 57+ 3F5><2G+ 2
.50+OF5+EF:+0+70+30;0+321+F10+;F340340+5./F<51A0G+6+72
4:3:;2.G+ 370>2G+ <5>2+ 51+ 2/>2+ .51/:A2+ EF5+ F1+ E>030.29+ P2
;:>0C0+;:+H0:HQ1G+\.0CQ.]+32;2+.:+EF5>0+57+A5+2/>29+U2.
S>?012.+>5033:2101G+370>2G+07+321/03/2+A5+F10+7:1A0+30>L
15+321/:?F0d+<F5A51+A5.51H27H5>.5G+5K3:/0>.5G+775?0>+<2>
.B+;:.;2.+0+F10+3F7;:103:S1G+<5>2+62+<5>;0153B0+0M512
0+5.5+A:.E>F/5G+62+5./0C0+077DG+51+F10+357A0+>5;2/0G+;F>L
;F>D1A275+0<262+0+F10+;FM5>+75M010+6+;B0G+321.27D1A2L
70G+.:1+/230>70G+A5+45>:A0.+OF5+1F130+35>>0>D1d+A:3:Q1A275
<070C>0.G+ <070C>:/0.+ 0:.70A0.+ OF5+ <0>0+ 12.2/>2.+ A2.+ /:5L
151+57+.:?1:E:30A2+A5+F1+>:/F07G+.21+32;2+4:/2.+A5+1F5./>0
4:./2>:0+ <>:H0A09+ '5+ A:>D.+ OF5+ 5.2+ 23F>>5+ 321+ /2A0.+ 70.
<0>5M0.9+ &4G+ <5>2+ 51+ 5./0+ <0>5M0+ F12+ 5./0C0+ 0OFBG+ 7:C>5G
<5>2+.:1/:Q1A2.5+5./@<:A0;51/5+3F7<0C75+A5+.F+7:C5>/0AG
6+70+2/>0+5./0C0+077DG+51+370F.F>0+6+51+<F?10G+032;<0=0L
A0+6+.27:/0>:0G+<51.01A2+<>2C0C75;51/5+51+;BG+51+OF5+62
;5+5./0>B0+.:1/:51A2+5./@<:A0;51/5+3F7<0C75+A5+;:+7:C5>L
/0A9+ P+ 70+ ;F340340+ OF5+ 72+ 5./0C0+ 403:51A2+ 321;:?2
32;<>51A:S+ A5+ <>21/2+ 321+ 370>:A0A+ /2A0+ 70+ .:/F03:S1G+ 6
70+ 32;<>51A:S+ 0+ <5.0>+ A5+ OF5+ 5>0+ A5+ 0OFBG+ 2+ OF:ID+ <2>
5.2+;:.;2G+6+3F01A2+60+5./DC0;2.+/51A:A2.+6+51+.:751L
3:2G+ ;:>01A2+ 57+ /5342G+ 0<26S+ .F+ ;012+ 51+ ;:+ <:5>10G+ 6
A:M2W+X#2+/5+0E7:M0.G+5./2+/5+<0.0+<2>OF5+5>5.+CF510+?51L
!eT
152
1/6/00, 14:27
/5YG+6+.5+75H01/S+6+.5+H:./:S+6+.5+EF5+.:1+;D.G+A5.<FQ.+A5
A0>;5+F1+C5.2+51+70+;5M:7709+&.B+OF5+:;0?:10/5+.:+40C>D
.:A2+ CF510+ 12/:3:0+ <0>0+ ;B+ .0C5>+ OF5G+ A5.<FQ.+ A5+ .5:.
0=2.G+70+2/>0G+2+.50+70+@1:30G+70+30./:?0A0G+70+7507G+5./0C0
7:C>5+ 6+ 51+ *F53:0+ 6+ 321+ 0;:?2.9+ o./0+ 5.+ 70+ 4:./2>:09+ J2>
042>09+ #2.+ 45;2.+ 5.3>:/2G+ 12.+ 45;2.+ /575E2150A29+ $5
0.5?F>2+OF5+57+/57QE212+12+EF5+57+;5A:2+:A507+A5+32;F1:L
303:S1G+<2>OF5+72.+A2.+772>DC0;2.+6+07+E:107+0OF5772+32.L
/S+F1+;21/S1+A5+<70/0G+10A0+;D.+OF5+<0>0+5.3F340>G+AFL
>01/5+F1+3F0>/2+A5+42>0G+/>5.+;212.B70C2.+6+3F0/>2+.2772L
I2.9+N5.A5+57+<>:;5>+;2;51/2+75+5.3>:CB+OF5+H:1:5>0+51L
.5?F:A0+6+75+32;<>Q+57+C:775/5+A5+0H:S1G+ 893/:(<0>0+OF5
H:0M5+3F01A2+OF:5>0+6+<F5A09+J5>2+51+.F+>5.<F5./0+12/Q
3:5>/0+ >5/:3513:0+ 6+ 5;<53Q+ 0+ :;0?:10>+ 32.0.+ 0C.F>A0.9
";0?:10/5+ 70+ 7:C5>/0A+ OF5+ F12+ /:515+ 3F01A2+ .5+ <215+ 0
:;0?:10>+32.0.+0C.F>A0.9+U0.+>0I210C75.+/:5151+OF5+H5>
321+<5>;:.2.G+>5.:A513:0.G+<0.0<2>/5.G+5/39G+<5>2+62+575?B
70.+ 2/>0.G+ <2>+ 72+ ;512.+ 07?F10.G+ 6+ 70.+ 51F;5>Q+ 51+ ;:
1F5H0+ 30>/09+ P+ 426+ 030C2+ A5+ >53:C:>+ .F+ >5.<F5./09+ N:35
0.BG+ /5+ 70+ 752W+ XZ2.+ .5?FB.+ <51.01A2+ 51+ 70+ R70FA:0+ OF5
A5M0./5+A5+H5>+4035+.5:.+0=2.G+<5>2+51+5.2.+.5:.+0=2.+<0L
.0>21+ ;F340.+ 32.0.+ 6+ 40./0+ 72.+ >2./>2.+ 30;C:01+ 6+ 5.0
/>01.E2>;03:S1+ /:515+ F1+ >:/;2+ A:./:1/2+ 07+ A57+ .:;<75
/>01.3F>>:>+A57+/:5;<29+*Q+OF5+H2.G+<2>+5M5;<72G+/51Q.+57
;:.;2+ 0.<53/2G+ .S72+ OF5+ 321+ .5:.+ 0=2.+ ;D.9+ -.+ 72+ 12>L
;07G+ \12]+ J5>2+ 62G+ OF5>:A2G+ 12+ /51?2+ 57+ ;:.;2+ >2./>29
o./0+ 5.+ 70+ >5/:3513:0+ OF5+ 12/0./5+ 51+ ;:+ 30>/09+ P+ 32;2
:;0?:10./5+ /01/0.+ C0>C0>:A0A5.G+ /2;Q+ 5./0+ A53:.:S1W+ ;5
4:35+H0>:0.+E2/2.G+6+/5+321E:5.2+OF5G+0F1OF5+12+72+3>50.G
.57533:21Q+ 70+ ;5M2>G+ 6+ CF512G+ 0OFB+ /5+ 70+ ;01A2G+ z1?57G
OF:5>2+OF5+01/5.+A5+OF5+A53:A0.+.:+A5C2+:>+077B+2+OF5A0>L
;5+0OFBG+H50.+3S;2+.26+6+3S;2+5./26G+H50.+3S;2+<0.0L
>21+5.2.+.5:.+0=2.+<2>+;:.+2M2.G+<2>+;:+C230G+<2>+;:+10L
>:IG+<2>+;:.+2>5M0.G+<2>+;:+E>51/5G+<2>+;:+<5729+P+OF:5>2
,H2.+ .0CQ.+ OF5+ .26+ 30/S7:30G+ 0.B+ OF5+ /5+ 72+ <:A2+ <2>+ 57
0;2>+ A5+ N:2.8+ OF5G+ .:+ A5+ H5>0.+ ;5+ OF5>Q.+ 6+ >5.<5/D.G
.50.+ >:?F>2.0;51/5+ .:135>2+ 321;:?2Y9+ \$5+ A0.+ 3F51/0G
%2701A2G+ A5+ /2A2+ 72+ OF5+ 5.0+ 30>/0+ A:35]+ \J2AQ.+ 755>
!e[
153
1/6/00, 14:27
32;2+62+/2A0.+70.+51/>57B150.]+J2>+5.2+/5+A53B0+4035+F1
>0/2+OF5+0+72+;5M2>+5./26+E57:I+6+5.+5.2+72+OF5+;5+HF57H5
F1+ <232+ 5K/>0=29+ -./0>+ E57:I+ 6+ .:1+ 5;C0>?2+ 12+ .5>+ E57:I9
&4G+ <5>2+ 1F130+ :;0?:1Q+ OF5+ 57+ 5./0>+ E57:I+ :137F65>0
\.0CQ.]+/01/0+/>:./5I09
!e`
154
1/6/00, 14:27
V-%"N)*+P+R)#$(*)*+,JF/0+H:A08
a\P+ OFQ+ .51/:./5+ 3F01A2+ /5+ 756S+ 70+ 30>/0G+ 3F01A2+ /5
321/S+72+A5+70+E2/2]
aN5.3213:5>/29+ %507;51/5G+ 3>52+ OF5+ ;5+ .51/B+ A5.L
32135>/0A29
a\N5.32135>/0A2+6+3F7<0C75]
a#29+RF7<0C75+129
a\P+51/2135.+<2>+OFQ+775?0./5+321+5.0+30>0+A5+H572>:2]
a*5>D+ <2>OF5+ 5./5+ 51>5A2+ 12+ 5.+ <>53:.0;51/5+ F10
E:5./09
aRF01A2+A53B.+51>5A2G+\/5+>5E5>B.+0+72+1F5./>2]
a*BG+\0+OFQ+H0+0+.5>]
aP2+12+72+H52+32;2+F1+51>5A29
a\&4G+12]+J5>2+5.9
a\-./D.+0>>5<51/:A2]
a#29+J5>2+12+5.+F10+E:5./09
aP0+72+40CB0.+A:3429+$0;<232+72+A5+5772.+5.+F10+E:5./09
a\U2+ A5+ R70FA:0+ 6+ z1?57]+ $0;<2329+ J5>2+ 07+ ;512.
5.+ />01.<0>51/59+ (1+ A272>+ />01.<0>51/59+ (1+ 0;2>+ />01.L
<0>51/59
a&+A:E5>513:0+A57+1F5./>2G+OF5+5.+2<0329
a#2+A:M5+5.29
aJ5>2+72+A0.+0+51/51A5>9+$2A2+72+OF5+12+A53B.G+72+5.L
/D.+.:1+5;C0>?2+A:3:51A29+\$5+3>5Q.+030.2+OF5+62+12+;5
72+A:?2]
aZ2.+C:51+.0CQ.+OF5+<0>0+;B+72+@1:32+2<032+5.+OF5
12+.5+72+4060;2.+32;F1:30A2+0+*01/:0?29+U2+A5;D.G+129
N5+H5>0.+/5+OF:5>2G+b>03:570G+6+5.2+12+5.+2<0329
a\&+OFQ+H27H5>+.2C>5+5.2]+U2+40C7Q+321+%0E057+6+Q7
;5+321H513:S9+P+.:?2+3>5651A2+OF5+/FH2+>0IS19+->0+A5L
;0.:0A2+ <0>0+ *01/:0?29+ -1/5>0>.5+ 0.BG+ 6+ 51/5>0>.5+ 077D9
-1/>5+3F0/>2+<0>5A5.9
a^F512G+042>0+H:5159
!ee
155
1/6/00, 14:27
a*BG+6+5./26+321/51/0+A5+OF5+H51?09
a\R21/51/0+ <2>+ 5.2+ OF:5>5+ A53:>+ 0>>5<51/:A0+ A5+ 72
2/>2]
a#2G+ %2701A2G+ 62+ /0;<232+ 5./26+ 0>>5<51/:A09+ R21L
/51/0+OF:5>5+A53:>+321/51/0G+10A0+;D.9+R21/51/0+<2>OF5
H0+ 0+ 5./0>+ 7:C>5G+ OF5+ C:51+ 72+ ;5>5359+ P+ /0;C:Q1+ <2>OF5
<2A>Q+A53B>.5729
a\J2A>D.]
a*BG+ %2701A2G+ <2A>Q9+ *26+ C0./01/5+ ;D.+ EF5>/5+ A5+ 72
OF5+<51.D.9+P+0A5;D.+5./26+.5?F>09+&42>0+.Q+A5E:1:/:H0L
;51/5+OF5+72+2/>2+;0>340>B0+;079+P+>5.<5/2+A5;0.:0A2+0
*01/:0?2+<0>0+.5?F:>+;:1/:Q1A2759
aJF/0+H:A0G+\12]+cF5+57+/:<2+.07?0G+A5.<FQ.+A5+/01/2.
0=2.G+ 6+ 72+ 5.<5>5+ 5./29+ cF:5>2+ A53:>W+ OF5+ 72+ 5.<5>5;2.
12.2/>2.+321+5./0+CF510+1F5H09
a#2+.Q9+N5.<FQ.+A5+/2A2G+32;2+A:35+%0E057G+5.+;5M2>
OF5+.5+51/5>5+0OFBG+321+2/>0+<5>.<53/:H09
a$0;C:Q1+ .5+ 51/5>0>D1+ 72.+ 2/>2.9+ U2.+ 32;<0=5>2.9
\&30.2+/5+40C7S+A5+5.2+/F+0A;:>0A2+%0E057]
a#29+J5>2+C:51+OF5+72+.Q9
a#2+3>52+OF5+H0601+0+5./0>+A5+<0>/5+1F5./>09
aJ>2C0C75;51/5+ 129+ &+ *01/:0?2+ /2A2+ 57+ ;F1A2+ 72
OF:5>59+*5>D+A:EB3:79
a\RS;2+.5+72+H0.+0+A53:>]
a#2+.QG+%2701A2G+12+.Q9
a\J>5E5>B.+OF5+75+40C75;2.+72.+A2.]
a':>0G+ 12+ .Q+ 3S;2+ .5+ 72+ H26+ 0+ A53:>9+ ";<>2H:.0>Q9
J5>2+ 51+ 30;C:2+ .Q+ OF5+ OF:5>2+ A53B>.572+ 0+ .270.9+ $51?2
5.5+A5>5342G+\12]
a$51Q.+/2A2.+72.+A5>5342.9+\P+^50/>:3:/0]
a-./D+32;2+A:./01/59+$0;C:Q1+5.2+;5+M2A59
a\*0C5+OF5+57+<0A>5+775?0+A51/>2+A5+OF:135+AB0.]
aN5.A5+57+A2;:1?2+72+.0C59+&+<5.0>+A5+70+0AH5>/51L
3:0+A5+*01/:0?2G+;5+>5.27HB+0+A53B>.5729+\*0CQ.+<2>+OFQ+72
4:35]+J2>OF5+<51.Q+OF5+<2>+07?F10+5K/>0=0+HB0+.5+40CB0
51/5>0A2+2+72+:1/FB0G+6+OF5+030.2+.F+03/:/FA+A:./01/5+2C5L
A53B0+0+OF5+62+12+75+40CB0+A0A2+70+12/:3:09+J5>2+A5.<FQ.
OF5+.5+72+A:M5G+40+.5?F:A2+:?F079
!ef
156
1/6/00, 14:27
a-.+A5;0.:0A2+0H:.<0A0+70+C2/:M09+*5?F>2+OF5+.2.<5L
340+72+1F5./>29
a-.2+3>529
aN5.<FQ.+A5+/2A2G+5.+F10+>5033:S1+:15H:/0C759
aJF5A5+.5>G+<5>2+;5+<>523F<09
a\P+042>0+<2>+OFQ+772>D.]
aJ2>OF5+/51Q.+>0IS19
a*BG+370>2G+\<5>2+51+OFQ]
a-1+5.2+OF5+426+A:M:./5W+<F/0+H:A09
!eg
157
1/6/00, 14:27
-l"U")*+,U2.+2>?F772.2.+A5+&70;0>8
M+<'(5#4(73(784($K84(3/(!"$5$6:(&/$(=8/$(4+,&$7$($
&/84(%&+/-3(^+".53,684(73(F$(Y$*$/$(3(+/,3;6$7$(D&/1
7$53/,$"53/,3( 986( *"8%&34( 73( <+<+3/7$4:( +/-34$/,31
53/,3(-8/4,6&+784(986(*6+;$7$4(73(,6$*$B$78634(-$9+,$1
"+/840(C4(&/$(73("$4(5$/36$4(%&3()$/()$""$78("84(-&*$1
/84( 9$6$( ,6$,$6( 73( 6348"<36( 4&( $67&8( 968*"35$( )$*+,$1
-+8/$":( 4+/( %&3( 986( 3""8( 43( 634+3/,$( "$( 9687&--+./0( C/
-$7$(D#*6+-$(&(8D+-+/$(8($"5$-A/:(43(D865$/(&/$(8(5#4
*6+;$7$4(73(xx(,6$*$B$78634(-$7$(&/$0(>858(986("8(;31
/36$"(/8(48/(8*63684(73("$(-8/4,6&--+./:(359+3=$/(986
&/( -&648( *#4+-8( ?( "&3;8( 43( -8/4$;6$/( $( "3<$/,$6( 37+D+1
-+84(73(-+/-8($(78-3(9"$/,$4:(%&3("&3;8(436#/(8-&9$784
986($%&3""84(73(4&4(-859$K3684(V8($-$48(986(3""84(5+41
584W( %&3( 5#4( &6;3/,353/,3( /3-34+,3/( &/$( /&3<$( <+1
<+3/7$0( C"( <$-'8( "$*86$"( %&3( -$7$( *6+;$7$( 73B$( 3/( 4&
-3/,68( 73( ,6$*$B8( 34( -8593/4$78( 986( )86$4( 3S,6$867+1
/$6+$4( %&3( ,6$*$B$/( "84( 735#40( >&6+84$53/,3:( "$( +73$
968 < + / 8 ( 7 3 ( " 8 4 ( 8 * 6368 4 Z ( 3 " ( ; 8 * + 3 6 / 8 ( 4 3 ( " + 5 + , . ( $
<+$*+"+=$6"$0
@368( )$?( &/( 73,$""3( $7+-+8/$"( %&3( /84( $,$K3( 7+63-,$1
53/,30(C/(-$7$(&/8(73(3484(37+D+-+84:("$4(*6+;$7$4(-373/
&/($9$6,$53/,8(V4+(34(73(-+/-8(9"$/,$4W(8(-&$,68(V4+(34(73
78-3W($(D$5+"+$4(73(3S+"+$784("$,+/8$536+-$/84:(?(A4,84("8
63-+*3/(-8/(58*+"+$6+8:(63D6+;36$786:(6$7+8:(,3"3<+4+./:(-81
-+/$($(;$4:(?()$4,$(4#*$/$4(?(<$B+""$0(X878(;6$,&+,80
U3($)'(%&3(&/(*&3/(/Q5368(73("$,+/8$536+-$/84(341
,A/( -8/-3/,6$784( 963-+4$53/,3( 3/( !"$5$60( F84( /+K84( ?
$78"34-3/,34( &6&;&$?84( 4&3"3/( 436( $""':( 4+( /8( *+"+/;s34:
986( "8( 53/84( *+,8/$"340( >&$/78( B&3;$/( ?( -8663,3$/( 3/
"$4(-$""34(-8/(4&4(-859+/-)34("8-$"34:()$*"$/(-8/(&/(-6&1
78( $-3/,8( -&*$/80( @368( -&$/78( 3/,6$/( 3/( 4&4( )8;$634:
78/73( "84( 9$7634( 4+;&3/( )$*"$/78( ,8=&7$( ?( -8/4-+3/,31
!ei
158
1/6/00, 14:27
53/,3(73(<84(?(-)3:(3/,8/-34("84(D+K34(9$4$/($(436(/&3<$1
53/,3(*8,+B$40
!"$5$6(34(&/("+/78("&;$6:($-$48(-8/(53/84($&,8*&434
?(#6*8"34(73("8(/3-34$6+8:(9368(-8/(&/($+63("+<+$/8(?(4$"+1
,6848:(&/(5$6($"($"-$/-3(73("$(5$/8(?(&/$(D6$,36/+7$7(4+/
$49$<+3/,840
C"(xm(73(/8<+35*63(73(GHwm:(7'$(73"(9"3*+4-+,8:(=$/-$1
7+""$(%&3("$(7+-,$7&6$(&6&;&$?$(43()+=8($(4'(5+45$:(?8(?$
/8( 34,$*$( 3/( !"$5$6:( 4+/8( 3/( C49$K$0( C4$( 5$76&;$7$:
5+3/,6$4( "$4( /8,+-+$4( 73"( 3S9"84+<8( ,6+&/D8( 989&"$6( +*$/
$--37+3/78($("$4(96+536$4(9"$/$4(73("$4(/8,+-+$4(5&/7+$1
"34:(93/4A(5&-)$4(-84$4:(-"$68:(9368(3/,63(8,6$4(93/4A(3/
!"$5$6:(3/(%&3()$*6'$(4+78(*&3/8(-3"3*6$6($""'("$(+/-63'1
*"3(;8"3$7$0
E(-&$/78(3/(3"(4+;&+3/,3(3/368(D&+($(F$(Y$*$/$:(A4,3
D&3( 3"( 96+536( ,35$( %&3( ,8%&A( -8/( !"D6378( O6$<+/$0( !"1
D6378( ?( ?8( ,3/3584( <$6+$4( -84$4( 3/( -85Q/:( 9368( 48*63
,878( 784( 5&?( +5986,$/,34T( "$( "+,36$,&6$( ?( X$-&$635*.:
$&/%&3(A"(968<3/;$(73("$(-$9+,$"(739$6,$53/,$"(?(?8(4."8
73(@$48(73("84(X86840
[!):(34$(/8-)30\(E(98/3("84(8B84(3/(*"$/-80(2+35963
93/4A( %&3( !"D6378( V4&( 43;&/78( /85*63( 34( U$/,3:( 9368
/&/-$(53($,63<'($(,85$6"3(3"(93"8:(986%&3(5+(,36-368(34
Y$5"3,W()$*'$(4$"+78(-8/(4&(,6$/%&+,8(+/+5+,$*"3:(73($"1
;&/$(93"'-&"$(73(M+,,86+8(73(2+-$:(-8/("+*63,8(73(>34$63
q$<$,,+/+0(!):(9368(-&$/78(98/3("84(8B84(3/(*"$/-8:(%&31
7$(+;&$"+,8($(X8,.0
[`+6#:( 34$( /8-)3( /84( )$*'$584( 63&/+78( <$6+84( 73( "$
-8"8/+$(9$6$(-)$6"$6(?(,85$6(&/84(,6$;840(aC"(9"3*+4-+,8b
F8(963<+4+*"3(36$(3"(D6$&730\(C/,63(4&4($66&;$4(73(D8;&38
$9$63-3( 34$( 48/6+4$( $*+36 ,$:( ?( 4+35963( 7+49&34,$( $
$59"+$643:(%&3(%&+3/34(/8("8(-8/8-3/(9&373/(+/,36963,$6
-858(*&6"$(73(8,684:(9368(%&3(/848,684(4$*3584(%&3(34
B87$( 73( 4'( 5+4580( N8( $&,8-6',+-$:( 3/,3/7#58/84:( 4+/8
B87$(73(4'(5+4580(Y$?(5$,+-34:(a/8b
[C593=$584( $( -$/,$6( ,$/;84:( <+3B84( ,$/;84:( %&+=#
-858(&/$(D865$(73(4&*"+5$6("$(/84,$";+$0(@368(&/$(-851
9$K36$:(5#4(63$"+4,$(V-858(4&3"3/(436("$4(5&B3634W(34,$1
!ej
159
1/6/00, 14:27
*$:($(934$6(73("$(-$/,368"$:(-8/("$(863B$(93;$7$($("$(8/7$
-86,$0(!4'(%&3(3"(9$/86$5$(36$(A4,3T(/848,684(-8/(O$673"
?( 3""$( -8/( "$( LL>0( E( 73( 968/,8( 7+8( &/( 4$",8T( ojO$/.( 3"
NRk(jO$/.(3"(NR(986(5#4(73"(4343/,$(986(-+3/,8kp(E($)'
/85#4($*$/78/$584($"(98*63(O$673"(?(/84(93;$584($("$
LL>:(%&3(/84(-8/D+65$*$(3"(/8,+-+./0\
C43(5+458(xm(73(/8<+35*63:(3/(`$""86-$:(,$5*+A/(?8
53()$*'$(3/,36$78(986("$(LL>Z(/&/-$($/,34:($%&3"(349$1
K8"(9&"-68(?(734+/D3-,$78:(34$(4&36,3(73(968537+8(3/,63
O&$7$"$B$6$( ?( i4)&$+$:( 53( )$*'$( 9$63-+78( ,$/( 349"A/1
7+780
[N84("$6;$584($("$(-$""3(-8/(&/$(*$/736$\(4+;&3(!"D631
78:([/+(4A(73(7./73("$(4$-$5840(Y$*'$(%&3(-85&/+-$6"8(?
D34,3B$6"80(O8"93#*$584(3/("$4(-$4$4(73("84(-859$,6+8,$4:
9368("$(5$?86'$(/8()$*'$(<$-+"$78:(-858(/848,684:(3/,63
3"(`$;8(?("$(LL>Z(43/-+""$53/,3(43()$*'$/(+78($"(-$,63:
986%&3(3"("&/34(34(7'$(73(,6$*$B80(`&-)84(-63'$/(%&3(36$
&/$(*685$:(9368(73($(98-8(D&368/(-8/<3/-+A/7843(?(4&1
5#/7843($"(-868:(-$7$(<3=(5#4(3/,&4+$4,$(?(734$D+/$780
C6$(,$/,8(3"(34-#/7$"8(%&3("$(98"+-'$(/8(,&<8(5#4(63531
7+8( %&3( $-36-$643:( &/( 98-8( $485*6$7$( $/,3( 4353B$/,3
$"*868,8(3/(&/(!"$5$6(%&3($(34$4()86$4(4."8(734-$/4$(8
)$-3(3"($5860(ad&A(36$($%&3""8b(ad&A(/84(9$4$*$b(!)'
/&34,68(96+/-+9$"($6;&53/,8(D&3("$(*$/736$(?($(9$6,+6(73
348(3/,3/7+368/("8(735#40(2."8(/84(4&;+6+368/(%&3(/8()+1
-+A6$584(,$/,8(6&+78:(9368(?8(-638(%&3(4+/(/+/;&/$(34931
6$/=$(73(%&3(4+;&+A6$584(3"(-8/43B80(C/(63$"+7$7:(3"(D341
,3B8(4."8(,365+/.(-&$/78(3593=.($($485$6(3"(48"\0
aE( $"( D+/$"( -.58( 34,$*$/b( [R6;&""8484:( -)3:( 86;&""81
484\:(-8/-"&?.(3"(<+3B8(!"D6378:(D"$-8:($66&;$78(?(3/)+341
,8:(4$-$/78(93-)8(-858(3/(X$-&$635*.0
!fk
160
1/6/00, 14:27
N)#+%&h&-U+,cF:/0>+72.+5.32;C>2.8
-.+>0>29+':+4:M2+H0+0+.07:>+A5+70+3D>357G+H0+0+775?0>+0OFB
3F07OF:5>+AB0+A5+Q./2.+6+62+0.F;2+70+12/:3:0+321+/2A0+10L
/F>07:A0AG+30.:+32;2+.:+EF5>0+57+32>270>:2+A5+F1+<>5.0?:29
\&30.2+ 5>0+ /01+ <>5H:.:C75]+ \RFD1/2.G+ 0F1+ 321+ ;512.
0=2.+ A5+ <>:.:S1+ OF5+ *01/:0?2G+ F1+ AB0+ 12+ <FA:5>21+ ;D.
321+.F+01?F./:0+2+.F+3D135>+2+.F+<>2<:0+4:./2>:0G+6+;F>:5L
>21]+\RFD1/2.+;D.+5172OF53:5>21+A5+A5.07:51/2+2+A5+:;L
<2/513:0]+*:1+5;C0>?2G+A5.A5+57+32;:51I2+.F<5+OF5+:C0
0+.07:>9+ J2>+:1./:1/2+/07+H5IG+<2>+32>0I210A0+A5+H:5M29+U2
;D.+3F>:2.2+5.+OF5+3F01A2+b>03:570+;5+72+32;F1:3SG+51
5.5+<>:;5>+:1./01/5+>5H570A2>+12+<51.Q+51+Q7+1:+51+;B+1:
51+;:+1:5/0+1:+51+57+<>2C75;0+?2>A2+OF5+0OFB+75+0?F0>A09
*S72+ <51.Q+ 51+ .F+ ;0A>5G+ 51+ '5>35A5.9+ J51.Q+ 51+ 5770
32;2+ .:+ 5./FH:5>0+ H:H0G+ 32;2+ .:+ ;:+ 75?B/:;2G+ >0I210C75
:;<F7.2+EF5>0+57+A5+:>+32>>:51A2+0+0H:.0>75G+0+A53:>75+OF5
<>21/2+ 72+ <2A>B0+ 0C>0I0>G+ 5./>FM0>G+ /230>75+ 70.+ ;5M:770.G
772>0>75+51+57+42;C>2G+OFQ+.Q+629+P+0.B+0AH5>/B+OF5G+0+<5L
.0>+ A5+ 72.+ 0=2.+ />01.3F>>:A2.G+ 0+ <5.0>+ A5+ U6A:0+ 426+ 6
2/>0.+;D.+065>+6+01/5065>G+5K:./5+/2A0HB0+F1+15K2+>5.5>L
H0A2+ OF5+ ;5+ F15+ 0+ '5>35A5.G+ 07+ 12;C>5+ 6+ 57+ >53F5>A2
A5+'5>35A5.G+321+.F+0/F51A2+.:5;<>5+;0>>S1d+.F+;:>0A0
OF:5/0G+ OF5+ 077B+ 51+ 57+ E21A2+ /51B0+ <5>;0151/5;51/5+ F1
<F1/:/2+A5+5;23:S1d+.F.+;012.+AQC:75.+6+.:1+5;C0>?2+.5L
?F>0.d+ .F+ .21>:.0+ :1321EF1A:C75+ 6+ 0+ ;51FA2+ 45>;Q/:30d
.F+/:5>10+.27:3:/FA+403:0+*01/:0?29+&+H535.+.5+;5+01/2M0
,F10+723F>0+32;2+3F07OF:5>+2/>08+OF5+5770+40C>B0+OF5>:A2
F1+ C:2;C2+ />0.+ 57+ 3F07+ 40C70>+ 321+ *01/:0?2G+ 030>:3:0>+ 0
*01/:0?2G+ ;:>0>+ 0+ *01/:0?2G+ .:1+ OF5+ 57+ >5./2+ A57+ ;F1A2
,62+:137F:A2+51+57+;F1A28+70+:;<2>/F10>0+321+.F+3F>:2.:L
A0AG+.F+A5E5>513:0+2+.F+>535729+J5>2+32;2G+<2>+.F<F5./2G
12+40CB0+C:2;C2G+.FE>B0+F1+<232G+12+5.301A072.0;51/5G
.:12+321+;2A5>03:S1G+32;2+5>0+.F+5./:729+#2+5>0+E50+'5>L
!f!
161
1/6/00, 14:27
35A5.9+#:+7:1A09+$51B0+F1+>2./>2+<5>.2107B.:;2+6+0/>0651L
/5G+:;<2.:C75+A5+321EF1A:>+F+27H:A0>9+P+F10+C21A0A+C0.L
/01/5+32;<7:30A0+<5>2+75?B/:;09+&42>0G+0+/01/0+A:./013:0G
.:+ OF:.:5>0+ .5>+ A5.30>0A0;51/5+ E>0132+ 321;:?2+ ;:.;2G
/07+H5I+12+.0C>B0+>5321235>+A5+OFQ+;5+510;2>QG+2+.:+>507L
;51/5+;5+510;2>Q+07?F10+H5I+A5+5.0+;FM5>+A5.;5.F>0L
A0;51/5+;5.F>0A09+'5+A:?2+5./2+6+A5+:1;5A:0/2+.:51/2
OF5+.26+:1MF./29+-.+370>2+OF5+A5C2+40C5>;5+510;2>0A29
*S72+ OF5+ 12+ ;5+ 03F5>A29+ V0C7DC0;2.+ 51/>5+ 12.2/>2.
C0./01/5+ ;512.+ A5+ 72+ OF5+ 40C70+ F10+ <0>5M0+ 32>>:51/5G
<5>2G+370>2G+12+Q>0;2.+F10+<0>5M0+32>>:51/59+*:1+5;C0>L
?2G+ 5.0.+ <230.+ 321H5>.03:215.+ 12+ 5>01+ <2>+ 3:5> /2
C01075.9+ '5+ A5.32135>/0C0+ C0./01/5G+ <5>2+ 1F130+ <FA5
0?>0H:0>70G+2+?>:/0>75G+2+>53>:;:10>75+07?29+*:5;<>5+<0>5L
3B0+70+>53:Q1+5;5>?:A0+A5+F1+10FE>0?:2+OF5+0@1+12+.5+40L
CB0+40C:/F0A2+<2>+32;<75/2+0+.F+.2C>5H:A09+'5+EF5+A:EB3:7
32;F1:30>;5+ 321+ 5770G+ <5>2+ 70.+ <230.+ H535.+ 51+ OF5+ 72
72?>QG+EF5+F10+32;F1:303:S1+;:70?>2.0G+30.:+;D?:309+V0L
35>+57+0;2>+321+'5>35A5.+5>0+OF:ID+32;2+4035>72+321+F1
32135</2+ 6+ 12+ 321+ F1+ 3F5><2G+<5>2+A5.<FQ.+A5+4035>72
OF5A0C0+/01+AF735+6+/01+/>Q;F70+OF5+5.5+5<B72?2+.:?1:E:L
30C0+ F10+ F1:S1+ ;F342+ ;D.+ 5./>5340+ OF5+ 57+ 03/2+ 51+ .B9
*S72+ 3F01A2+ 5.3F340C0+ CF510+ ;@.:30+ >53F<5>0C0+ 5.0
;:.;0+ 5K<>5.:S1+ A5+ ;2A572+ A5+ h:7:<<2+ U:<<:9+ RF01A2
0<510.+775HDC0;2.+A2.+0=2.+A5+30.0A2.G+51+F12+A5+.F.
:1E>53F51/5.+>0</2.+A5+321E:A513:0+OF5+5>01+32;2+32135L
.:215.+OF5+0+H535.+12.+403B0+,0+5770+6+0+;B8G+;5+A:M2+OFQ
CF512+.5>B0+;2>:>+5.3F3401A2+07?F10+A5+70.+RF0/>2+-.L
/03:215.+A5+Z:H07A:9+P+/01/2.+0=2.+A5.<FQ.G+5K03/0;51/5
57+ A:53:.:5/5+ A5+ MF1:2+ A5+ ;:7+ 12H53:51/2.+ 3:13F51/0+ 6
2342G+3F01A2+5./0C0+75651A2+6+A5+<>21/2+OF5AS+:1;SH:7
<0>0+.:5;<>5G+ 51+ 70+ >0A:2+ ,1:+ .:OF:5>0+ 5>0+ 57+ /230A:.32.8
5./0C0+ .2101A2+ 70+ J>:;0H5>09+ *01/:0?2+ 72+ .F<2+ 6+ OF:ID
<2>+5.2+5.0+<070C>0G+<>:;0H5>0G+40+OF5A0A2+7:?0A0+<0>0
.:5;<>5+0+.F+H:A09+-.+32;2+.F+/5>;S;5/>2G+.F+<0/>S1G+.F
12>;09+&F1OF5+12+72+;513:215+.:12+>0>B.:;0.+H535.G+.Q
OF5+<0>0+Q7+72.+0321/535>5.+A57+;F1A2+51+?515>07+6+A5+.F
;F1A2+ 51+ <0>/:3F70>+ .5+ A:H:A51+ 51+ <>:;0H5>075.G+ <232
!fT
162
1/6/00, 14:27
<>:;0H5>075.+ 6+ 10A0+ <>:;0H5>075.9+ *F<21?2+ OF5+ 5./2.

@7/:;2.+3:132+0=2.+12+75+40C>D1+<0>53:A2+<>:;0H5>075.9
P+ C:51G+ 042>0+ .0759+ \V0C>Q+ 45342+ ;07+ 0321.5MD1A275+ 0
b>03:570+ OF5+ 12+ 75+ 5.3>:C:5>0+ .2C>5+ 70+ 1F5H0+ >507:A0A]
*S72+ E07/01+ A235+ AB0.+ <0>0+ OF5+ 72+ .5<09+ )+ OF:ID+ A5C01
/>01.3F>>:>+.5:.+;5.5.+2+.5:.+0=2.+<0>0+OF5+5E53/:H0;51/5
<F5A0+32;<>2C0>+.:+;:+321.5M2+EF5+F1+03:5>/2+2+F1+?0I0L
<29+U0+H:A0+.:?F5G+A:351+6+>5<:/51+70.+3013:215.+C01075.G
2+.:+12+72+A:351+<2>+72+;512.+72+>2I019+P+32;2+.21+70.
3013:215.+C01075.+70.+OF5+72+A:351G+12.2/>2.+72.+.5.FA2.
A5.30>/0;2.+>0A:307;51/5+5.0+C701A51?F5>B09+PG+.:1+5;L
C0>?2G+ 51+ /2A2+ 72+ 3F>.:+ 406+ .:5;<>5+ F1+ 30>2I2+ A5+ >507:L
A0A9+U0+H:A0+.:?F5G+<2>+.F<F5./2G+<5>2+12+/:515+F1+.272
;2A2+A5+.5?F:>9+R0A0+F12+/:515+.F+>F/0+6+.F+>F;C29+R2L
12I32G+ <2>OF5+ ;5+ 72+ 321/S+ 0<0CF770A0+ 70+ ;:.;B.:;0
b>03:570G+57+30.2+A:DE012+A5+5.0+<0>5M0G+&1?57+6+R70FA:0
,/51?2+70+:;<>5.:S1+A5+OF5+Q7+EF5+07F;12+;B289+J0>0+5772.
70+H:A0+.:?F:S+A5+5.5+;2A2+/:5>12G+321;2H5A2>9+&4G+<5>2
12+5.+7569+nF./0;51/5+5.+321;2H5A2>+6+/:5>12+<2>OF5+.FL
35A:S+.:1+H:27513:0+:1/5>:2>G+321+F10+:15H:/0C:7:A0A+0C.2L
7F/0;51/5+10/F>079+P2+321EB2+51+*01/:0?29+R>52+OF5+0+<5L
.0>+A5+72+;F342+OF5+OF:.2+6+0A;:>S+0+.F+;0A>5G+/:515+51
57+ E21A2+ ;D.+ A5+ ;B+ OF5+ A5+ 57709+ ";0?:12+ OFQ+ 40>B0+ 62G
3FD7+.5>B0+;:+03/:/FA+51+F1+30.2+0.B9+P+<2>+5.2+321EB2+51
*01/:0?29+-.+370>2+OF5+62+/51?2+.5.51/0+6+.:5/5+6+Q7+.S72
/>5:1/0+6+23429+J5>2+5./D+^50/>:3:/0G+OF5+5.+F10+;0>0H:770
6+OF5+77510>D+.5?F>0;51/5+70+5K:./513:0+1F5H0+A5+*01/:0L
?29+V0./0+042>0+62+;5+40CB0+?F0>A0A2+5.0+4:./2>:0G+<5>2
012345+.5+70+321/Q+0+U6A:09+-.3F34S+;:+70>?2+;21S72?2
.:1+:1/5>>F;<:>;5+1:+F10+.270+H5I9+$51B0+,0.B+;5+72+321L
E5.S+ 7F5?28+ A2.+ .51.03:215.+ 51321/>0A0.9+ J2>+ F1+ 70A2G
A:.E>F/0C0+70+<>F5C0+A5+321E:01I09+R>52+OF5+0+<0>/:>+A5
5./0+ 12345G+ ;F>;F>SG+ 12.+ 45;2.+ 035>30A2+ ;D.G+ 3>52
OF5+60+.2;2.+F10+<0>5M09+$07+H5I9+J5>2+/0;C:Q1+75+<>5L
23F<S+;:+<>523F<03:S19+-./FH2+F1+>0/2+51+.:7513:29+&>>2L
77S+6+A5.51>277S+;@7/:<75.+H535.+F12+A5+.F.+7:1A2.+;5342L
15.+15?>2.G+6+7F5?2+A:M2+AQM072.+.B+AQM072.G+12+:1/5>H51?0.
.07H2+OF5+/5+72+<:A01G+AQM072.+6+H5>D.+OF5+70+H:A0+12+.S72G
!f[
163
1/6/00, 14:27
32;2+ /@+ A:35.G+ .:?F5G+ .:12+ OF5+ 0A5;D.+ .5+ 032;2A0G+ .5

>50MF./09+cF:ID+/51?0+>0IS19+$2A2+5./5+/5>>5;2/2+12.+40
A5M0A2+>51?2.G+:132;<75/2.G+<0>3:07;51/5+H03B2.G+:1.2;L
15.9+#F130+H0;2.+0+.5>+72.+A5+01/5.9+'5M2>5.+2+<52>5.G
30A0+F12+72+.0C>D9+J2>+A51/>2G+6+0+H535.+<2>+EF5>0G+12.
<0.S+F10+/2>;51/0G+F1+H51A0H07G+6+5./0+307;0+A5+042>0
/:515+ D>C275.+ 30BA2.G+ /5342.+ A5.;2>210A2.G+ 0I2/50.+ .:1
01/510.G+ 5.32;C>2.G+ ;F342.+ 5.32;C>2.9+ $515;2.+ OF5
>5321./>F:>12.G+ 370>2W+ <701/0>+ 1F5H2.+ D>C275.G+ <5>2+ /07
H5I+ 12+ 321.:?0;2.+ 51+ 57+ H:H5>2+ 72.+ ;:.;2.+ /077:/2.G+ 70.
;:.;0.+ .5;:770.9+ U5H01/0>+ 1F5H0.+ 30.0.G+ 5./F<51A2G
<5>2+\.5>D+CF512+OF5+57+0>OF:/53/2+.5+7:;:/5+0+>5<>2AF3:>
E:57;51/5+ 57+ <7012+ 01/5>:2>G+ 2+ .5>D+ :1E:1:/0;51/5+ ;5M2>
OF5+>5<:51.5+57+<>2C75;0+6+A:CFM5+F1+1F5H2+<7012G+51+57
OF5+ .5+ 321/5;<751+ 1F5./>0.+ 1535.:A0A5.+ 03/F075.]+ cF:L
/0>+72.+5.32;C>2.G+A51/>2+A5+72+<2.:C75d+<2>OF5+/0;C:Q1
40C>D+ 5.32;C>2.+ OF5+ 10A:5+ <2A>D+ OF:/0>+ A57+ 32>0IS1+ 6
A5+70+;5;2>:09
!f`
164
1/6/00, 14:27
-l$%&'(%)*+,h0./51+.50/+C57/8
60+.5+0<0?S+57+D$4,3/(43$,(*3",(2+.50+OF5+>53F<5>2+;:+H:A0
6+70+0I0E0/0+5.+7:1A0+s+3F01A2+;5+07301I0+57+MF?2+A5+10L
>01M0+H52+.F.+F=0.+A5+F1+A:.3>5/B.:;2+>2.0+<D7:A2+6+/01
<5>2+ /01+ 3F:A0A0.+ s+ 0AH:5>/2+ OF5+ ;:+ C2:10+ 75+ 770;0+ F1
<232+70+0/513:S1+<5>2+12+;5+70+OF:/2+1:+;F5>/2
3:132+0=2.+A2.+;5.5.+6+3F0/>2+AB0.+6+/2A0HB0+5K:./2+4F>>0
.21+;:7+23423:51/0.+23451/0+6+1F5H5+12345.+C04
OFQ+.F5=2+/51?2+6+.:1+5;C0>?2+OF:5>2+A:.E>F/0>+0+<751:L
/FA+ A5+ 5./5+ 30;C:0I2+ s+ .0C5>+ OF5+ 57+ 3:1/F>S1+ A5+ .5?F>:L
A0A+72+<F5A2+.030>+6+<215>+6+.030>+0+A:.3>53:S1+;:51/>0.
2:?2+57+;F>;F772+A5+72.+0C5M2>>2.+s+1:1?F12+A5+72.+/>5.L
3:51/2.+ <0.0M5>2.+ A:.E>F/0+ A5+ 72.+ 0C5M2>>2.+ 0+ >5033:S1
32;2+5./5+.5>H:A2>
70+0I0E0/0+;5+A5M0+F1+A:0>:2+6+75+<:A2+2/>2+;D.+s+51/2135.
;:>0+ 70+ C2:10+ 6+ ;5+ A5M0+ 72.+ A2.+ s+ 0.B+ OF5+ C2;C0+ A5
15F/>215.+ 54+ <5>;01535>D1+ 70.+ 3D>3575.+ 6+ 12+ 72.+ <>5.2.
<5>2+/0;C:Q1+72.+;:77215.+6+12+72.+;:77210>:2.+s+OF5A0>D1
70.+5.3F570.+6+12+72.+1:=2.+<5>2+/0;C:Q1+72.+30=215.+6+12
72.+?515>075.+s+04+6+57+;:.:7+OF5+<0>/:>D+A5+40;CF>?2++OF:ID
30:?0+51+;2.3@+<5>2+<F5A5+OF5+70+>5.<F5./0+12+30:?0+51
40;CF>?2+.:12+51+2r7042;0+30;C:2.+30;C:2.+30;C:2.
OFQ+.F5=2+6+.:1+5;C0>?2+OF:5>2+>532>A0>+/2A0.+70.+30>0.
A5+72.+;B2.+077D+s+72.+OF5+OF5A0>21+s+01BC07+12+5.+F1+1@L
;5>2+5./5C01+12+5.+F1+1@;5>2+>FC51+12+5.+F1+1@;5>2+s
OF:.:5>21+321H5>/:>12.+51+32.0.+<5>2+72.+M2A:;2.+12+12.
32.:E:30;2.+ s+ 5./5C01+ 45>;012+ H2.+ /51Q.+ 07:51/2+ <0>0
>0/2+s+/51A>D.+OF5+06FA0>+0+72.+A5.0751/0A2.+s+04+<5>2+0
H2.+OF:Q1+/5+06FA0
!fe
165
1/6/00, 14:27
OFQ+ 2A:2+ 6+ .:1+ 5;C0>?2+ 12+ OF:.5+ A5.;51FI0>;5+ 51+ Q7

<5>A5>;5+51+Q7+s+AF>01/5+72.+<>:;5>2.+0=2.+72+>5?FQ+32/:L
A:010;51/5+32;2+.:+EF5>0+F10+<701/0+5KS/:30+s+A5.<FQ.
32;<>51AB+OF5+12+<2AB0+>51A:>75.+5.5+42;510M5+6+0A5L
;D.+40CB0+/01/0.+32.0.+<0>0+<51.0>+6+<>2?>0;0>+6+0107:L
I0>+6+4035>+s+.5+H01+0+<2A>:>+.272.+5.2+5.
0+ 01A>Q.+ 72?>0>21+ 0>>0./>0>72+ 40./0+ 70+ 723F>0+ s+ OF:ID+ 75
<0.S+ 5.2+ <2>+ A5;0.:0A0+ :123513:0+ A5;0.:0A0+ E5+ 51+ 57
42;C>5+s+/2A2+72+.2><>51AB0+.:5;<>5+<51.0C0+40./0+0OFB
775?0>21+ 6+ .5+ 030CS+ 12+ <F5A51+ .5>+ /01+ 3>F575.+ <5>2+ .B
5>01+ s+ H26+ 0+ 321H5135>72.+ 6+ 5;<5I0C0+ 0+ 40C70>75.+ 6+ 75
>2;<B01+ 70+ C230+ s+ A5;0.:0A0+ :123513:0+ <2>+ 5.2+ 5172L
OF53:S
<2>+57+>572M+A5+;:+H53:12+.Q+OF5+A2>;B+;D.+A5+F10+42>0+s
60+ <F5A2+ <51.0>+ ;5M2>+ s+ ;5+ .:51/2+ D?:7+ 6+ A53:A2+ :>+ 07
C0=2+s+:1:;0?:10C75+5./0+7:C5>/0A+A5+:>+07+C0=2+/2A0.+70.
H535.+OF5+F12+OF:5>0+s+;:+<>:;5>0+;50A0+A5+42;C>5+7:L
C>5+s+.07@
57+A5+;:+A5>5340+H:515+75651A2+,+53(6+0+70+:IOF:5>A0+/51L
?2+ 57+ <0.:772+ s+ 3S;2+ 51321/>0>Q+ 57+ D1:;2+ A57+ ;F1A2+ 70
E2>;03:S1+ 6+ A5E2>;03:S1+ A57+ ;F1A2+ s+ .5>B0+ A5;0.:0A0
;070+.F5>/5+OF5+MF./2+042>0+OF5+.07B+57+<7015/0+5K<72/0>0
C50/>:3:/0+OFQ+E:5./0+12.+5.<5>0+s+70+H5>A0A+5.+OF5+12+.Q
5K03/0;51/5+ OFQ+ ;5+ 0?F0>A0+ s+ 5H:A51/5;51/5+ 406+ F1
<>2C75;0+.Q+OF5+406+F1+<>2C75;0+s+51+70.+@7/:;0.+30>/0.
?>03:570+12+5.+70+;:.;0+6+12+5.+32.0+A5+755>+51/>57B150.+s
0+ H535.+ ;5+ <0>535+ OF5+ 5./D+ 51E5>;0+ 6+ 12+ OF:5>5+ A53B>L
;572+s+2+030.2+70+1510+5.2+1:+<51.0>72+C50/>:3:/0+OFQ+E:5.L
/0+12.+5.<5>0+s+:137F.2+57+H:5M2+.5+40+<F5./2+51:?;D/:32+6
07+<>:13:<:2+72+0/>:CFB+0+70+351.F>0+<5>2+60+12
3:132+0=2.+.21+;F342.+s+?>03:570+5.+F1+51301/2+<5>2+57
5K:7:2+5.+F10+?>:5/0+OF5+A:0>:0;51/5+.5+0421A0+s+?>03:570
!ff
166
1/6/00, 14:27
5.+F1+51301/2+6+/515;2.+;F342+<0.0A2+51+32;@1+6+5.2
<5.0+s+A53:A:A0;51/5+70+OF:5>2+3S;2+12+H26+0+OF5>5>70
<5>2+ 5./0+ AFA0+ F1+ <232+ 7230+ 12+ E0H2>535+ 57+ 0;2>+ 6+ 72
;D.+<>2C0C75+5.+OF5+62+.50+:1MF./2
57+ H:5M2+ ;5+ 321/5./S+ 51+ 370H5+ 3F01A2+ 75+ <701/5Q+ 72+ A57
5;:7:2+ s+ 5./FH2+ .0?0I+ <5>2+ 7S?:30;51/5+ F1+ <232+ 2.3F>2
0F1OF5+/51?2+70+:;<>5.:S1+A5+OF5+5E53/:H0;51/5+72+51L
/51A:S+6+60+5./26+;5M2>+60+12+.F5=2+321+57+5;:7:2+A5+70
<06010+6+57+>01?2+s+01BC07+;5+40C7S+70>?0;51/5+A5+Q7+.:1
.0C5>+10A0+A5+72.+<2>;512>5.+<2>+.F<F5./2+s+Q7+72+.FE>:S
51+30>15+<>2<:0+s+<0>535+OF5+5>0+F1+;21./>F2+321+/2A0.
70.+75/>0.
OFQ+C:51+.F510+57+0C5M2>>2+s+.5=2>5.+5./26+H2701A2
70+0I0E0/0+;5+.21>B5+6+62+75+.21>B2+s+/07+H5I+75+40+:;<>5L
.:210A2+;:+C2:10+<5>2+12+;5+70+OF:/0>Q+12+E07/0C0+;D.
OFQ+40C>B0+<51.0A2+70+H:5M0+A5+/2A2+5./2+s+OF:ID+.50+;5L
M2>+OF5+12+72+4060+H:./2+1:+.51/:A2+s+40C70C0+<232+<5>2
321;:?2+.B+40C70C0+s+51/>5+5770+6+57+H:5M2+40CB0+F10+/:5>>0
A5+10A:5+<5>2+51+3:5>/0.+230.:215.+70+3>FI0C01+F10.+H5L
35.+Q7+6+2/>0.+H535.+5770+s+57+H:5M2+5./FH2+.:5;<>5+F1+<232
A5.32135>/0A2+6+12+5>0+<0>0+;512.+<5>2+70+H:5M0+.5+32;L
<703B0+ 51+ A53:>;5+ ;F6+ 51+ .53>5/2+ 3FD1/2+ 72+ OF5>B0+ s
.:5;<>5+ C0M2+ 57+ MF>0;51/2+ A5+ OF5+ 62+ M0;D.+ 0C>:>B0+ 70
C230+s+7:1A0+H:5M:/0+70+H:5M0+/2A0HB0+70+5342+A5+;512.
A5.<FQ.+A5+5./2.+3:132+0=2.+A5+:1H:5>12+10A:5+;5+H0+0
>2C0>+70+<>:;0H5>0
70+ <>:;0H5>0+ 5.+ 32;2+ F1+ 5.<5M2+ <5>2+ 57+ ;B2+ /:515+ F10
5.OF:10+>2/0+s+5>0+:15H:/0C75+12+:C0+0+321.5>H0>.5+51/5>:L
/2+ A5.<FQ.+ A5+ 5./5+ OF:1OF51:2+ ;D.+ C:51+ 1F/>:A2+ s+ <5>2
0F1+ 321+ F10+ 5.OF:10+ >2/0+ 57+ 5.<5M2+ .:>H5+ 70+ <>:;0H5>0
.:>H5
!fg
167
1/6/00, 14:27
57+0./F/B.:;2+15>FA0+<>5?F1/0C0+51+F10+A5+.F.+2A0.+042L
>0+<>:;0H5>0+A:;5+<0>0+OFQ+.:>H5.+6+0+OF:Q1+.:>H5.+.F5>/5
OF5+;5+032>AQ+s+<0>0+OFQ+.:>H5.+s+62+A:>B0+OF5+<0>0+>5.L
30/0>72+0+F12+A5+3F07OF:5>+<2I2+s+70+.270+<070C>0+5.+32;2
F1+>:/F07+A5+MFH51/FA+s+6+0+OF:Q1+.:>H5.+CF512+;:+;2A5.L
/0+ :;<>5.:S1+ 5.+ OF5+ .5>HB.+ 0+ 70+ H:A0+ s+ <2>+ 5M5;<72+ <>2L
1F13:2+ .:;<75;51/5+ <>:;0H5>0+ 6+ ;5+ .:51/2+ H:0C75+ 01:L
;2.2+H:H:51/5
<0>535+OF5+;2HB+72.+70C:2.+3F01A2+<>21F13:Q+<>:;0H5>0
<2>OF5+ 57+ A5+ ;:+ A5>5340+ ;5+ ;:>0+ 321+ 070>;0+ s+ <2C>5+ s
/51?2+ 70+ :;<>5.:S1+ A5+ OF5+ .S72+ .0C5+ A53:>+ :1H:5>12+ s+ 6
0A5;D.+62+<2A>B0+40C5>+5./0A2+>5I01A2+OFQ+30>0M2+/2A0L
HB0+.5+F.0
F10+5.OF:10+>2/0+sOF:ID+70+4060+>2/2+70+1F5H0+?>03:570+70
?>03:570+A:./01/5+<5>2+5./2+5.+.5?F>0;51/5+F10+723F>0+6
5770+;5+5.<5>0>D+51+57+05>2<F5>/2+321+C50/>:3:/0+6+57+H:5L
M2+ s+ /2A2+ >532;51I0>D+ 12>;07;51/5+ 10/F>07;51/5+ 0F1L
OF5+57+5.<5M2+<>:;0H5>0+/51?0+F10+5.OF:10+>2/0+5.2+.B+70
/51A>D+.5?F>2+70+/51A>D
51+3F01/2+<F5A0+;5+32;<>0>Q+F1+>572M
70+0I0E0/0+;5+07301I0+70+C01A5M0+321+70+32;:A:/0+6+A0A0
;:+ 2CH:0+ 321A:3:S1+ ;515./5>2.0+ 6+ <2./+ ;0I;2>>0+ .S72
<:A2+ 32303270+ 12+ 32;2+ 32135.:S1+ :A527S?:30+ .:12+ <2>L
OF5+12+70+32C>01+s+51.070A0+C5>C5>5342.+C:./53+AF>0I12.
51+07;BC0>+s+70+C230+.5+;5+77510+A5+.07:H0+:13>QAF70+s+7:1L
A0+ 70+ 3F340>:/0+ ;5+ ?F./0>B0+ ?F0>AD>;570+ <0>0+ .51/:>;5
07?F10+H5I+A57:13F51/5+32;@1
<51.D1A272+C:51+12+5.+/01+?>0H5+OF5+51+.F.+@7/:;0.+30>L
/0.+?>03:570+4060+5./0A2+703S1:30+6+A:./01/5+s+60+72?>0>Q
035>30>70+1F5H0;51/5+s+0>/B3F72+<>:;5>2+70+C5.0>Q+s+3FD1L
/0.+ H535.+ A:.3F/B0;2.+ 0+ 72.+ ?>:/2.+ 6+ 12.+ A53B0;2.+ 32.0.
;F6+ :A:2/0.+ 6+ ;F6+ AF>0.+ 6+ A5+ <>21/2+ 12.+ ;:>DC0;2.
0.2;C>0A2.+6+51/2135.+62+:C0+6+70+C5.0C0+6+2/>0+H5I+57
!fi
168
1/6/00, 14:27
;F1A2+H27HB0+0+5./0>+51+2>A51+2+;5M2>+A:342+51+5.<7Q1L
A:A2+A5.2>A51+s+<5>2+0.B+6+/2A2+AF>01/5+F1+CF51+>0/2+321
.F+C230+/0<0A0+<2>+70+;B0+5770+.5?FB0+>5<>234D1A2;5+12
.Q+OFQ+<5>2+30A0+H5I+;D.+.F0H5;51/5+;D.+/:5>10;51/5
6+32137FB0+51+F1+;F>;F772+6+E:107;51/5+5770+/0;C:Q1+C5L
.0C0+s+0>/B3F72+.5?F1A2+70+C5.0>Q+s+70+H5>A0A+5.+OF5+4035
3:132+0=2.+OF5+12+C5.2+s+.S72+5.2+07301I0+<0>0+5172OF5L
35>+0+3F07OF:5>0
3:132+ 0=2.+ A2.+ ;5.5.+ 6+ 3F0/>2+ AB0.+ .21+ <>2C0C75;51/5
A5;0.:0A2+/:5;<2+32;2+<>53:2+A5+07?@1+5>>2>+s+5.+30.:+70
23/0H0+ <0>/5+ A5+ ;:+ H:A0+ H:H:A0+ s+ 65>>2+ 7F5?2+ 5K:./2+ A:M2
07?F10+ H5I+ .01+ 0?F./B1+ 57+ 5>>S152+ s+ 0+ H535.+ <:51.2+ OFQ
40C>B0+ <0.0A2+ 321;:?2+ .:+ 4FC:5.5+ .:A2+ F1+ 2C>5>2+ 6+ 12
F1+321.<:3F2+;:5;C>2+A57+/01+A512./0A2+.53/2>+/5>3:0>:2
s+ :?F07+ 40C>B0+ :A2+ 51+ 3010+ s+ .5?F>B.:;2+ s+ <5>2+ OF:ID+ ;5
40C>B0+ 0A0</0A2+ ;5M2>+ A:?0;2.+ 0+ 70+ 32;:A0+ s+ 0+ 70+ ;DL
OF:10+ 12+ <2>OF5+ 0+ 5.2+ 10A:5+ .5+ 032./F;C>0+ s+ H0;2.+ 0
H5>+OFQ+A:E5>513:0+406+51/>5+;:+3213:513:0+A5+370.5+6+70
3213:513:0+A5+370.5+A5+F1+<>275/0+s+A5.<FQ.+A5+/2A2+62
/0;C:Q1+ .26+ 70CF>01/5+ <5>2+ 370>2+ 406+ 32;2+ F10+ />0A:L
3:S1+F1+D;C:/2+E0;:7:0>+s+01BC07+5.+<>275/0+/0;C:Q1+M0:;5
s+<0>0+72.+;:7:32.+5>01+1@;5>2.+:?F07+OF5+12.2/>2.+s+12
.0C51+ A:E5>513:0>+ s+ <2>+ 72+ ;512.+ 40C>D+ OF5+ 51.5=0>75.
OF5+406+1@;5>2.+0>DC:?2.+6+1@;5>2.+>2;012.+s+321+5.0
5OF:<0>03:S1+0<>51AB0;2.+/2A2.+6+H5>A0A5>0;51/5+12.
5;<0>5MDC0;2.
5.+370>2+OF5+F1+<>275/0+5./D+.:5;<>5+;D.+.5?F>2+6+A:EB3:7L
;51/5+ .5+ A5M0>D+ 0>>0./>0>+ 0+ 72.+ H5>:3F5/2.+ ;51/075.+ 51
OF5+12.2/>2.+.275;2.+>5/2>35>12.+s+<5>2+0+70+42>0+A5+.5>
75075.+<2A5;2.+.5>72+/2A2.+s+62+A:?2+.5+;5+23F>>5+s+5772.
OF:ID+ ;D.+ 10/F>07;51/5+ ;D.+ ;2A5./0;51/5+ 6+ 12.2/>2.
51+30;C:2+5K<7:3D1A212.+0+E21A2+57+<>5.F1/2+.03>:E:3:2+6
.0301A2+A5+70+;01?0+/2A2.+72.+<>:13:<:2.+OF5+4060;2.
327533:210A2+s+;03403D1A212.+/2A0.+70.+4212>0C75.+>0L
I215.+OF5+5K:./51+<0>0+30770>+s+72.+<>275/0.+.5+32;<7:301
;512.+70+H:A0+s+.FE>51+6+<F1/2+s+307701+6+340F
!fj
169
1/6/00, 14:27
40C>D+OF5+H27H5>+<5>2+0+OFQ+<0B.+0+OFQ+F>F?F06+/0;C:Q1
/51A>D+F10+5.OF:10+>2/0+6+.:1+5;C0>?2+>5E75M0>D+;D.+>50L
7:A0A5.+OF5+3F01A2+57+5.<5M2+5./0C0+H:>?51+s+40C>D+OF5
H27H5>+<5>2+0+OFQ+<>:;0H5>0+s+12+:;<2>/0+51+OFQ+5./0A2
3070;:/2.2+5./Q+<5>2+62+OF:5>2+>53F<5>0>+;:+<>:;0H5>0+s
5772.+70+/0<0>21+321+42M0.+.530.+321+1:5H5+/575H:.0A0+321
.01/0+ 370F.+ .FA01A2+ 321+ 07F;12.+ A5+ ;:/>:215+ 321
;F1A:07:/2+ ?010A2+ 6+ ;F1A:072/5+ <5>A:A2+ 321+ 0.5.2>5.
.FCA5.0>>27701/5.+ <5>2+ 72+ OF5+ :?12>01+ 5.+ OF5+ C0M2+ 5.0.
30<0.+A5+;:5>A0+.:?F51+5./01A2+70+H:5M0+6+70+1F5H0+<>:L
;0H5>0+ OF:ID+ 321+ F10+ 5.OF:10+ >2/0+ <5>2+ 321+ />:?075.+ 6
2;C@5.+ 6+ /01?2.+ <>24:C:A2.+ 6+ 0F/2>:I0A2.+ 6+ 57+ 32;<0
?5>H0.:2+ 6+ 3:57:/2.+ 6+ 351/>07+ 2C>5>0+ 6+ <0./2>52.+ 6+ >5C57L
AB0.+6+>5?70;51/2+<>2H:.2>:2+6+32;:/Q.+A5+C0.5+6+<F5C72
:1?2C5>10C75+ 6+ HB0+ 7D3/50+ 6+ 0F/212;B0+ F1:H5>.:/0>:0+ 6
;0/5+ 0;0>?2+ 6+ 57+ <75C:.3:/2+ 6+ 70+ 3272;C5.+ s+ 40C>D+ OF5
H27H5>+ s+ 10/F>07;51/5+ s+ 6+ 57+ F>F?F06+ 321+ F10+ 5.OF:10
>2/0+;2./>0>D+.:1+H01:A0A+5.5+;F=S1+51+7B150+>53/0+6+57
2>C5+0/51A5>D+32;<>51A5>D+>5.<5/0>D
.5+ 775H0>21+ 70+ C01A5M0+ 6+ 042>0+ ;5+ AF5751+ F1+ <232+ 70.
>2A:770.+ s+ 3S;2+ .5>D+ 70+ 32.0+ OF5+ 40./0+ ;5+ <0>535+ C:51
OF5+;5+AF5701+70.+>2A:770.
70.+<:5>10.+A5+?>03:570+72.+;F.72.+A5+?>03:570+57+C2.OF5L
3:/2+A5+?>03:570
OFQ+5./0>D1+403:51A2+042>0+72.+;B2.+A5+077D
;:51/>0.+.:?F5+.2101A2+57+.F0H5+075/0>?01/5+0C5M2>>2+57
.5=2>+A57+,+53(.5+40+A2>;:A2+51+;:+42;C>2+s+3>5B0+40C5>
;5>53:A2+;5M2>+.F5>/5+s+<2>+E2>/F10+F10+M2H51+OF5+5./D+0
.F+A5>5340+5./2>1FA0+<>2H:A513:07;51/5+6+321+?010.+s+57
H53:12+ A5.<:5>/0+ 0I2>0A2+ 6+ .5+ 51A5>5I0+ ;F>;F>01A2
.2>>6+s+.5+75+305+57+,+53(403:0+;:+70A2+6+62+.5+72+07301I2+s
51+70+3010+<2AB0;2.+755>+-"$&7+$(OFQ+0;<7:/FA+12+.Q+A5
OFQ+.5+OF5M0+70+3>FI+>2M0+s+40C>D+OF5+A2>;:>+<5>2+321EB2
!gk
170
1/6/00, 14:27
51+ 12+ 0<260>;5+ 0+ ;:+ H5I+ 51+ 57+ 42;C>2+ <F1/:0?FA2+ A5

;:+H53:12
12+<F5A2+s+>5.F7/0+OF5+042>0+;5+A5.H57Q+s+72+OF5+<0.0+5.
OF5+70+C2:10+;5+A0+<:30IS1+<5>2+MF>2+OF5+12+;5+70+H26+0
OF:/0>
40C>D+OF5+5;<5I0>+A5.A5+35>2+32;2+.:+EF5>0+F1+>53:Q1
103:A2+6+.26+s+32;2+>53:Q1+103:A2.+.21+72.+2.0A2.+<57:L
/2.+OF5+0;0?01+C0M2+70+C2:10
H0;2.+ 0+ H5>+ OFQ+ OF:.:5>0+ /515>+ s+ 2<5>03:S1+ E>01OF5I0+ s
<>:2>:A0A+1@;5>2+F12+F1+>572M+s+7F5?2+F1+C27B?>0E2+OF5
EF13:215+ s+ 6+ OFQ+ H5>?_51I0+ F1+ MF5?2+ A5+ <:1?+ <21?+ 321
>5A+6+/2A2+s+3S;2+MF?DC0;2.+077D+51+.27B.+321+57+.:7H:2+6
57+;01272+6+/0;C:Q1+321+;0>B0+A57+30>;51+5>0+CF51B.:L
;0+70+<5/:.0+s+.:5;<>5+0?0>>0C0+70+<075/0+0+72+34:12+6+75
A0C0+ 0+ 70+ ?72C:/0+ F1+ 5E53/2+ A57+ 30>0M2+ s+ >2701A2+ 12+ s
>2701A2+ ;:>0C0+ .230>>S1+ A5.A5+ F1+ 32./0A2+ 6+ .:5;<>5
321+57+;:.;2+5./>:C:772+s+62+12+51/:51A2+345+3S;2+?51/5
/01+ C27FA0+ 6+ A:07Q3/:30+ .5+ <F5A5+ /2;0>+ 51+ .5>:2+ 5.0
30OF:/0+A5+357F72:A5+s+6+.:7H:2+51/>5+.0OF5+6+.0OF5+75+>5L
32>A0C0+;:>D+OF5+;02+5.+F1+30;<5S1+s+<2>+5.2+1F130
<2A>Q+.5>+;02B./0+A53B0+>2701A2+s+12+;5+A:./>000000:?01
H23:E5>0C0+70+<5/:.0+51+5./2+406+OF5+321351/>0>.5+32;2
51+57+0M5A>5I+s+32;2+51+57+0M5A>5I+6+51+57+32:/F.+:1/5>>F<L
/F.+ >5.<21AB0+ >2701A2+ 53401A2+ 4F;2+ s+ 3234:12+ 3234:L
10000I2+?>:/0C0+2/>0+H5I+70+<5/:.0+12+;5+A:./>00000:?0.
OF5+60+57+E7032+;5+.03S+3:132+<F1/2.+s+<5>2+1:+57+E7032+1:
62+<FA:;2.+?010>75+M0;D.+<2>+;D.+A5+H5:1/:F12+0+A:53:L
1F5H5
6+/0;C:Q1+OF:5>2+40C70>+6+5.3F340>+6+40C70>+6+5.3F340>+s
12+;D.+5.2.+51/>532>/0A2.+A:D72?2.+321+01BC07+2+5./5C01
OF5+ 51+ 3:5>/0.+ 230.:215.+ AF>0C01+ A2.+ ;5.5.+ >5<0>/:A2.
51+3F0/>2+;5A:0.+42>0.+s+/>5:1/0+;:1F/2.+<2>+OF:13510+51
72.+>53>52.
!g!
171
1/6/00, 14:27
?>01+/:<2+57+>2701A2+s+321+.F.+/01?2.+.F.+;:10.+.:5;<>5
;0>:<2.501A2+ 40./0+ OF5+ .5+ <27:/:IS+ 2+ ;5M2>+ A:342+ 72
<27:/:I0;2.+<5>2+>5.F7/S+A5+F10+<:5I0+s+.27/5>2+:;<51:/51L
/5+.5+0F/2A512;:10C0+s+OF:Q1+.0C5+.:+/2A0HB0+.5+;01/:5L
15+:1H:3/2+s+60+305>D+60+305>D+s+3S;2+A5E:1:>72+s+7F;<51
575?01/5+s+30C0775>2+/>210A2+s+;01272+A53B0+OF5+5>0+F1
AFOF5+51+A5.?>03:0+6+07+E:107+/2A2.+75+A53B0;2.+57+AFOF5
6+32;2+.:+.5+<21B0+E:12+>5370;0C0+51.070A0+A5+5.30>270.
2+1:51/5+51/2135.+.:7H:2+75+32;<75/S+57+/>0/0;:51/2+12C:L
7:0>:2+6+0.B+75+OF5AS+<0>0+.:5;<>5+72+A5+AFOF5+A5+3/7+<34
s+6+0+Q7+75+51301/0C0+s+F10+H5I+51+57+340MD+75+<>5.51/0>21
0+70+>53:Q1+:;<2>/0A0+5.<2.0+A5+F1+A:<72;D/:32+12>F5?2
6+ Q7+ 75+ C5.S+ 70+ ;012+ 6+ ;F.:/S+ ;F6+ 5KOF:.:/2+ .2C>5<2L
1:Q1A2.5+ 07+ .42>/+ A5.E7530A2+ 6+ 70.+ 07<0>?0/0.+ AFOF5+ A5
51A:H5.+.5=2>0+<0>0+.5>H:>70+6+<0>0+70+<2C>5+5.301A:10H0
370>2+EF5+:?F07+OF5+.:+75+4FC:5.5+A:342+<0<0+E>:/0
70+ >2A:770+ ;5+ .:?F5+ M2A:51A2+ s+ .5>D+ 2/>0+ H5I+ 70+ 0;510I0
A57+ >5F;0+ 0>/>S.:32+ s+ <5>2+ 042>0+ 40>Q+ ?:;10.:0+ 6+ A5.L
<FQ.+A5+72.+.5:.+;5/>2.+3F0A>0A2.+3F07OF:5>+<23:7?0+;5
<0>535>D+57+.07S1+A5+72.+<0.2.+<5>A:A2.
5./26+ 321/51/2+ s+ 12+ .Q+ .:+ .5+ 12/0+ <5>2+ 5./26+ 321/51/2+ s
5.<5>2+OF5+12+.5+;5+12/5+s+57+A5+;:+A5>5340+H0+0+/2;0>L
;5+<2>+F1+<:>0/0+A57+0:>5+s+6+.26+A5+/:5>>0+;B./5>+.26+A5
/:5>>0+s+OFQ+3F>:2.2+72.+@1:32.+<:>0/0.+OF5+.5+401+HF57/2
/2/07;51/5+ 0103>S1:32.+ .21+ 72.+ A57+ ;0>+ s+ .01A2r01
:132><2>0/5A+6+>0;0.+015K0.
72.+0;:?2.+30>0;C0+s+0+.:7H:2+1F130+;D.+<5>2+0+>2701A2+6
0+;01272+72.+51321/>0>Q+s+CF512+57+AFOF5+<0>535+OF5+5./D
51+;QK:32+s+CD>C0>2+s+;01272+51+?2/5;CF>?2+s+.5+.5<0>S
A5+70+/:/0+s+<>2C0C75;51/5+72.+A2.+/:5151+>0IS1+s+70+3F7<0+12
5./D+51+5772.+s+5.+5./0+.03FA:A0+OF5+12.+>5H273S+0+/2A2.+s+6
0A5;D.+ 57+ 5K:7:2+ 0<7010+ />:/F>0+ s+ 57+ 5K:7:2+ /0;C:Q1+ 5.+ F10
;DOF:10+s+0+07?F:51+406+OF5+034030>75+70+3F7<0+A5+/2A0+70
E>F./>03:S1+ A5+ /2A0+ 70+ 01?F./:0+ 6+ <2>+ .F<F5./2+ .5+ M2A5+ 07
321/:?F2+07+<>SM:;2+;D.+<>SK:;2+s+2M07D+OF5+?>03:570+6+62
!gT
172
1/6/00, 14:27
/0;C:Q1+/51?2+?010.+A5+H5>+57+;0>
A5.<FQ.+A5+/2A2+.07B+;5M2>+A5+72+OF5+51/>Q+OFQ+<>:;5>0
.5;01:/0+ s+ CF512+ C0./0+ C0./0+ C0./0+ .26+ 57+ ;:.;2+ 6+ .26
2/>2+s+6+5./5+2/>2+5.+;5M2>+;5+?F./0+5./5+2/>2+51+OF5+;5
45+321H5>/:A2
70+<>:;0H5>0+12+5./D+/2A0HB0+04B+07+0730135+A5+70+;012+s
70+<>:;0H5>0+12+775?0>D+;0=010+<5>2+030.2+<0.0A2+;0L
=010+s+>50?01+15F/>S1:32+6+/2IFA2+12+<2A>D+:;<5A:>+OF5
70+<>:;0H5>0+775?F5+<0.0A2+;0=010
5./5+272>+0+.2C032+12+5.+57+;B2
<51.0;:51/2+<>2EF1A2+s+70+F1:A0A+70/:120;5>:3010+/:515
51+5./2.+;2;51/2.+A2.+;2/2>5.+5.513:075.+s+>50?01+6+70
I5/0+s+A5.A5+57+>B2+?>01A5+40./0+/:5>>0+A57+EF5?2+>515?0L
;2.+A57+5./S7:A2+6+12+<>21F13:0;2.+70+I5/0+s+2+.50+OF5+07
/:<2+12+.5+75+>5340I0+.:12+OF5+.5+75+>5340.0
04+<5>2+70+2/>0+F1:A0A+70+OF5+12+5.+M2A0+s+<2>+.F<F5./2
OF5+ 70+ 3010+ F15+ 70+ 3010+ 030C0+ 321+ /2A0.+ 70.+ ?>:5/0.+ s
<5>2+Q.0+12+A5C5+.5>+70+ES>;F70+:A507+s+;5+<0>535
0+ H535.+ /FH5+ ;:5A2+ 0+ OFQ+ 15?0>72+ s+ F1+ ;:5A2+ A57+ OF5
/51B0+OF5+/>0?0>;5+72.+0F77:A2.+s+12+F12+.:12+;F34B.:;2.
;:5A2.+ s+ ;:5A2+ A5+ A5.<>53:0>;5+ A5+ <>5E5>:>+ ;2>:>+ A5
OF5A0>;5+.:1+57+;F1A2+s+.:1+57+;F1A2+6+.:1+4F5H2.+s+A5
/5>;:10>+32;2+F1+?F:=0<2+s+5.+42>>:C75+/515>+/01/2+;:5L
A2+<5>2+;D.+42>>:C75+5.+/515>+OF5+/>0?0>.5+72.+0F77:A2.
6+A5.<FQ.+<0.0C0+57+;:5A2+6+<0>53B0+;51/:>0+57+40C5>72
.:OF:5>0+ >2I0A2+ s+ /01+ 32>0MFA2+ 6+ 5./2:32+ <2AB0+ .51/:>;5
7F5?2+s+6+/01/2+;5+/>01.E:?F>0C0+OF5+40./0+<2AB0+5K<5>:L
;51/0>+F1+3:5>/2+A5.AQ1+<2>+07?@1+2/>2+OF5+/51B0+;:5A2
6+A5CB0+/>0?0>.5+72.+0F77:A2.+s+07?F:51+OF5+51+07?@1+;2L
;51/2+.:5;<>5+6+3F01A2+12+0F770>0+40C>B0+A5+.2C>5<0.0>
!g[
173
1/6/00, 14:27
5.5+:1./01/5+A5+;:5>A0+6+40C>B0+A5+.51/:>.5+/01+32>0MFA2
6+ 5./2:32+ OF5+ 40./0+ <2A>B0+ 5K<5>:;51/0>+ 3:5>/2+ A5.AQ1
<2>+07?@1+2/>2+OF5+51+57+35<2+A5+.F+;:5A2+/51B0+OF5+/>0L
?0>.5+72.+0F77:A2.+5/3Q/5>0
57+;:5A2+5.+57+<52>+0C:.;2+6+.S72+F12+<F5A5+0>>0130>.5
A57+ <2I2+ 0?0>>D1A2.5+ 72.+ <>2<:2.+ <572.+ 6+ /:>01A2+ 403:0
0>>:C0+s+A5+0+<232+.5+H0+0<>51A:51A2+0+12+/515>75+;:5A2
07+;:5A2+s+;F6+A5+0+<232+s+51/2135.+.:+F12+75+4035+E>51/5
57+;:5A2+4F65
70+0I0E0/0+A5+70.+F=0.+>2.0+<D7:A2+<0.0+2E>53:51A2+72.+0FL
>:3F70>5.+<0>0+72.+OF5+OF:5>01+H5>+70+<57B3F70+s+<5>2+12+5.
F10+ 0/513:S1+ A5+ 70+ 30.0+ s+ 3F5./0+ A2.+ AS70>5.+6+;5A:2+6
62+5./26+<2C>5+A5+.275;1:A0A+2+.275;15+A5+<2C>5I0+A0
72+;:.;2+s+6+75+A:?2+OF5+12+32;2+.:+.S72+OF:.:5>0+A2>;:>+s
030.2+OF:5>0
70+ />:./5I0+ /0;C:Q1+ 5.+ /5;:C75+ s+ 12+ .S72+ 70+ <>2<:0+ .:12
/0;C:Q1+70+0M510+s+OFQ+4035>+<2>+5M5;<72+01/5+57+32;<0L
=5>2+A5+357A0+.5;5M01/5+42;C>S1+OF5+A5+<>21/2+.5+.0L
3FA5+6+.2772I0+51+;5A:2+A5+70+5/5>10+<51F;C>0+A5+70+12L
345+51+3D>357+s+H060+F12+0+.0C5>+OFQ+>53F5>A0+2+0=2>0+2
70;51/0+2+0?F01/0+s+57+.2772I2+E>0/5>12+72+5;<0<0+0+F12
32;2+F10+772H:I10+<5>/:10I+A5+70+OF5+5.+:;<2.:C75+?F0>5L
35>.5+s+6+12+C:51+F12+OF5A0+3070A2+40./0+72.+4F5.2.+51L
/2135.+ 5;<:5I01+ 0+ A5.<5>/0>.5+ F10+ 0+ F10+ 70.+ />:./5I0.
<5>.21075.+s+70.+/>:./5I0.+.21+32;2+72.+?0772.+s+301/0+F10
6+ 51.5?F:A0+ 70.+ 2/>0.+ .5+ :1.<:>01+ s+ 6+ .S72+ 0.B+ F12+ .5+ A0
3F51/0+A5+OF5+70+327533:S1+5.+512>;5+5+:137F.2+OF5+F12
/:515+/>:./5I0.+>5<5/:A0.
70+<57B3F70+5.+F10+A5+<:01:./0.+s+A5C5+.5>+07?2+0.B+32;2
F1+3213F>.2+:1/5>103:2107+<0>0+MSH515.+/0751/2.+s+.:1+.2L
1:A2+ 12+ <0>535+ ;@.:30+ .:12+ ?:;10.:0+ s+ <0>0+ 327;2+ 72.
A2.+ .21+ <:01:./0.+ s+ 70+ ;F340340+ <>27:M0+ 6+ 57+ ;F340342
A5.07:=0A2+ s+ 51+ 70+ <>:;5>0+ <0>/5+ A2;:10+ 5770+ 6+ .5+ A01
C5.2.+<>27:M2.+<5>2+51+70+.5?F1A0+A2;:10+Q7+6+.5+A01+C5L
!g`
174
1/6/00, 14:27
.2.+A5.07:=0A2.+s+6+62+OF5+4035+3:132+0=2.+OF5+12+C5.2
1:+<>27:M2+1:+A5.07:=0A2+s+70+<57B3F70+5.+<2>+.F<F5./2+12>L
/50;5>:3010+<5>2+F10+A5+70.+MSH515.+OF5+32;<:/51+A5C5
.5>+.2H:Q/:30+<2>OF5+.:5;<>5+70+032;<0=01+A2.+A5+5.2.
03/2>5.+A5+5.3235.0+<>2.0<:0+OF5+01/5.+403B01+A5+10I:.+6
042>0+ 70+ H01+ A5+ >F.2.+ 6+ 0A5;D.+ 70+ ;05./>0+ A5+ 70+ M2H51
/0751/0+ <:A5+ 12/2>:0;51/5+ 0.:72+ 0F1OF5+ 321+ 5.0+ 033:S1
A5C0+ .2C>5<215>.5+ 07+ 512>;5+ 30>:=2+ OF5+ 75+ :1.<:>0+ .F
<>2A:?:2.0+07F;10+OF5+<2>+:1E7F513:0+15E0./0+A57+;0>K:.L
;2+ 751:1:.;2+ 5.+ F1+ >2C2/+ 321+ />51I0.+ s+ 57+ E:107+ 5.
>5=:AB.:;2+ <5>2+ 70+ H:3/2>:0+ 5.+ A57+ /5370A2+ 233:A51/07+ 6
3>:./:012+s+<:012+<:012
57+3213:5>/2+.:751/5+;5+40+A0A2+.F5=2+s+5.+:;<>5.:2101/5
H5>+3S;2+51+70+<01/077:/0+0<2>>501+57+:1./>F;51/2+6+F12
;:51/>0.+/01/2+32;2+F10+/0<:0+s+12+406+<52>+.2>A2+OF5
57+OF5+OF:5>5+2B>
/0;C:Q1+5./D+70+:A50+A5+70+;F5>/5+s+H:515+6+.5+H0+s+0+H535.
32:13:A5+321+57+;:5A2+6+2/>0.+12+s+51+;B+<2>+72+32;@1+12
32:13:AB0+ s+ 07+ E:107+ 57+ A272>+ <>2H230+ ;D.+ ;:5A2+ OF5+ 70
;F5>/5+ s+ :137F.2+ .5+ <F5A5+ 0H:I2>0>+ 70+ ;F5>/5+ 32;2+ F1
A5E:1:/:H2+ 0107?Q.:32+ <5>2+ .:5;<>5+ 406+ F1+ <5A03:/2+ A5
<>:;0H5>0+OF5+.5+>5.:./5
/51?2+ ?010.+ A5+ .51/0>;5+ F10+ .5;010+ 0+ 340>70>+ 321+ 57
H:5M2+s+/51?2+?010.+A5+40C70>+321+Q7+/2A2+72+OF5+12+40C7Q
51+72.+0=2.+01/5>:2>5.+s+.0C5>+OFQ+0<>51A:S+51+5./5+<5>B2L
A2+6+/0;C:Q1+OF5+Q7+.5<0+OFQ+0<>51AB+62+s+<51.0;2.+A:.L
/:1/2+51+;F340.+32.0.+<5>2+51/5>0>12.+A5+70.+A:E5>513:0.
5.+/0;C:Q1+F10+E2>;0+A5+034:30>70.
AF>01/5+3:132+0=2.+72+;D.+5./:;F701/5+EF5+57+.27
OFQ+75M2.+OF5A01+70+:1E013:0+57+7:352+70.+7F340.+5./FA:01L
/:75.+57+/>0C0M2+72.+.F57A2.+s+;5+<0>5351+32.0.+A5+2/>2+s+0
H535.+70.+>53F5>A2+40./0+51+.F.+A5/0775.+<5>2+32;2+.:+07L
?F:51+;5+70.+4FC:5>0+321/0A2+51+F10+12345+A5+15C7:10
!ge
175
1/6/00, 14:27
EF5+51+CF512.+0:>5.+3F01A2+C50/>:3:/0+0@1+12+40CB0+103:L
A2+EF5+51+CF512.+0:>5.+3F01A2+?>03:570+;5+A:M2+<0>0+;B
5.+:1:;0?:10C75+12+/515>/5+s+F10+/0>A5+A5+77FH:0+30;:101L
A2+<2>+70H0775+;F6+MF1/:/2.+<0>0+0<>2H5340>+57+@1:32+<0L
>0?F0.+3F01A2+/2A0+70+<2>/5=0A0+.07B0+A5+72.+3:15.
<0>0+;B+70+@1:30+<>F5C0+A5+70+5K:./513:0+A5+A:2.+.21+70.
<:5>10.+A5+?>03:570
51+70+3010+0+;F342.+75.+A:2+<2>+5.3>:C:>+H5>.2.+s+0+;B+12+s
0+ ;B+ ;5+ A0C0+ <2>+ 301/0>+ /01?2.+ .:1+ H27F;51+ 30770A:/2
30770A:/2+ 51+ 32;<75/2+ .:7513:2+ 6+ OFQ+ C:51+ ;5+ .07B01+ M0L
;D.+F1+?0772
<0>0+12+A570/0>+<0>0+1F130+0E72M0>+406+OF5+75H01/0>+F10
5;<07:I0A0+ 6+ .5>+ 321.3:51/5+ A5+ OF5+ 0F1+ .FE>:51A2+ 0F1
/5;:51A2+0F1+H2;:/01A2+70+5;<07:I0A0+A5C5+.5>+A5E51L
A:A0+40./0+70+;F5>/5+s+?>03:0.+M241+E2>A
3F01A2+ F12+ 5./D+ 7:C>5+ 6+ 5.+ 0<>51.:H2+ .:51/5+ A5+ <>21/2
A272>5.+:;0?:10>:2.+6+3>55+OF5+.21+>5075.+s+51+70+3010+5.
A:./:1/2+s+3F01A2+.5+.:51/5+F1+A272>+>507+406+OF5+<51.0>
OF5+5.+:;0?:10>:2+s+0+H535.+06FA0
0EF5>0+ <0>0+ OF5+ 70+ .27:A0>:A0A+ .5+ .:51/0+ 406+ OF5+ >5F1:>
F1+;:770>+A5+<5>.210.+6+32753/0.+6+A51F13:0.+6+A5>5342.
4F;012.+s+0A51/>2+51+30;C:2+70+.27:A0>:A0A+<F5A5+/515>
57+/0;0=2+A5+;5A:0+?0775/:/0
3F01A2+.21+72.+30C2.+2+72.+.0>?51/2.+72.+OF5+;:>01+<2>
57+ 0?FM5>:/2+ <0>0+ H:?:70>12.+ 1F130+ ;5+ A5.<:5>/2+ 12+ 75.
A26+C27:770+s+.S72+;5+A5.<:5>/2+.2C>5.07/0A2+3F01A2+A5.L
<FQ.+A5+70.+A2.+.21+72.+2E:3:075.+72.+OF5+H:3401
.F<21?0;2.+OF5+775?2+07+05>2<F5>/2+6+12+406+10A:5+5.L
<5>D1A2;5+s+10A0+A5+5.2+s+C2>>S1+6+3F51/2+1F5H2+s+.FL
<21?0;2.+OF5+077B+5./D1+?>03:570+6+57+H:5M2+6+C50/>:3:/0
!gf
176
1/6/00, 14:27
MF?0>+ F1+ <0>/:A2+ A5+ HS75:C27+ 2+ A5+ E@/C27+ 5>0+ /01+ :;<2>L
/01/5+32;2+EF1A0>+F10+A:10./B0+2+A5.3FC>:>+70+756+A5+?>0L
H5A0A
51+/2/07+5./FH5+:132;F1:30A2+H5:1/5+AB0.+s+A5+04B+2+.50
A5+70+E0;2.0+:.70+.5+.075+7232+2+.5+.075+;D.+EF5>/5+s+62+.07B
;D.+EF5>/5+<5>2+72+;072+5.+OF5+12+A5.3FC>B+57+;Q/2A2
70+ 0I0E0/0+ <0.0+ /01+ .:7513:2.0+ 51/>5+ 72.+ AF>;:51/5.+ OF5
30.:+/2A2.+.5+A5.<:5>/01+6+<:A51+A:.3F7<0.+6+.5+;:>01+A:L
.:;F70A0;51/5+70+C>0?F5/0+s+51+07?F12.+<0B.5.+75+A:351
<2>/0=F570+<5>2+A5C5+.5>+F10+A5E2>;03:S1+A5+<2>/5IF570
70+M2H51+OF5+5./D+0+70+A5>5340+A57+OF5+5./D+0+;:+A5>5340
AF5>;5+7:/5>07;51/5+A5.<0/0>>0A0+6+A5+F1+C27.:772+A5+.F
7:1A0+340OF5/0+75+.075+70+;:/0A+A5+F1+/515A2>+s+F10+A57:1L
3F51/5+32;@1
5./2+5;<:5I0+0+;2H5>.5+s+E0./51+.50/+C57/+s+A5.<5>/0>+F1DL
1:;5+ s+ 70+ A5.<0/0>>0A0+ <>235A5+ 0+ <0/0>>0>.5+ 6+ 5.321A5
<>5./0;51/5+57+/515A2>
/0;C:Q1+;:+5./S;0?2+.5+;F5H5+<5>2+:?F07+5./26+321/51L
/2+s+12+5.+42>0+1:+230.:S1+A5+H2;:/0>+s+;:+5./S;0?2+.FC5
0+;:+?0>?01/0+6+.5+.07FA01+OFQ+/07+OFQ+/07+s+70+A5.<5A:A0
5.+/0;C:Q1+321;2H5A2>0
<2>+>0I215.+2CH:0.+62+12+/51B0+H:.:/0.+s+5.+;072+6+12+/01
;072+s+3F01A2+F12+/:515+H:.:/0.+.5+01?F./:0+/2A0+70+.5;0L
10+s+/>0/0+:1E>F3/F2.0;51/5+A5+12+0>>:5.?0>+70+;512>+.01L
3:S1+s+5.<5>0+5.5+H:./0I2+E0;:7:0>+3F07+.:+EF5>0+F10+;0>0L
H:770+6+0+H535.+5.+s+51+30;C:2+3F01A2+12+.5+/:5151+H:.:/0.
12+406+.013:S1+OF5+H07?0+s+F12+.5+.:51/5+0.OF5>2.0;51L
/5+.272+<5>2+/0;C:Q1+;D.+.F57/2+2+;512.+<>5.2
3F01A2+ 62+ /51B0+ 1F5H5+ 0=2.+ ;D.+ 2+ ;512.+ 70+ 5A0A+ A5
C50/>:3:/0+40CB0+A2.+32.0.+<2>+70.+OF5+H07B01+70+<510+70.
!gg
177
1/6/00, 14:27
H0303:215.+s+F10+5>0+.51/0>.5+0+70+42>0+A5+70+.:5./0+51+70
5.3075>0+A5+;D>;27+321+57+3F72+E>5.OF:/2+0+755>+6+755>+s+0.B
;5+/>0?FQ+/2A2+H5>15+6+.07?0>:+6+40./0+/0>ID1+A5+72.+;2L
12.+s+406+OF5+H5>+OF5+51+70+5.3F570+1F5./>0+<070C>0+370H5
5>0+r0?2A0+s+6+72+2/>2+5>0+:>+0+70+3403>:/0+A5+72.+/B2.+MF1/2
0+70+32./0+s+A5.A5+72.+1F5H5+0+72.+30/2>35+EF:+077B+/2A2.+72.
H5>012.+s+12+40CB0+2/>2.+C2/:M0.+0.B+OF5+/51B0+OF5+0>>5L
?7D>;570.+.272+6+;5+5.30CF77B0+40./0+57+>B2+s+0+?>03:570+75
321/Q+51+F10+30>/0+2+OF:ID+51+F1+<>2653/2+A5+30>/0+2+51
F1+<2C>5+;21S72?2+0+.270.+3S;2+;5+.FCB0+07+C2/5+6+>5L
;0C0+40./0+57+351/>2+A57+>B2+<5>2+2/>0.+H535.+<5>;0153B0
51+70+2>:770+2+/:>0A2+07+<:5+A5+F12.+D>C275.+512>;5.+2+OF5
0.B+;5+72+<0>53B01+6+/2A2+5>0+F1+A5.3FC>:;:51/2+70.+<:5L
A>0.+72.+421?2.+72.+C:34:/2.+A5+4F;5A0A+2+F10+<0>5M0+A5
<5>>2.+ ;F?>:51/2.+ OF5+ 51+ 3:5>/0+ 230.:S1+ E2>1:30>21+ 30L
C07;51/5+0F1OF5+62+:?12>0>0+57+.51/:A2+A5+.F+?:;10.:0+6
OF5A0>21+F1:A2.+321+30>0.+A5+<2C>5.+>5.:?10A2.+s+62+;5
.51/B0+51+57+351/>2+;:.;2+A57+F1:H5>.2+6+40C>B0+OF5>:A2
0H5>:?F0>+57+.53>5/2+A5+30A0+32>/5I0+A5+30A0+3:5;<:Q.+A5
30A0+ C51/5H52+ 6+ 12+ ;5+ ;2HB0+ <2>OF5+ .0CB0+ OF5+ .S72
OF5AD1A2;5+:1;SH:7+<2AB0+/515>+07?F10+<2.:C:7:A0A+A5
A5.3FC>:>+70+H5>A0A5>0+:1/:;:A0A+A5+0OF5770+;:1:MF1?70+s
6+ 3F>:2.0;51/5+ M0;D.+ .5+ ;5+ 23F>>:S+ ?>:/0>+ r0?2A0+ <2>L
OF5+ 62+ .0CB0+ OF5+ 57+ F7/:;0/F;+ /0>I015.32+ 12+ /51B0+ 077B
1:1?F10+ H07:A5I+ 10A:5+ 72+ 40C>B0+ 51/51A:A2+ 1:+ 75+ 40C>B0
0E53/0A2+ .F+ .51/:A2+ 321;:10/2>:2+ s+ 6+ 51+ 5.0+ >507:A0A
0<0>53:S+F10+;0=010+;F6+/5;<>012+F1+3:5>/2+.5>+5K/>0L
=2+0F1OF5+A5.<FQ.+.F<5+OF5+Q7+<2AB0+.5>+F10+<0>/5+75?BL
/:;0+A57+<0:.0M5+321+;F342+;D.+A5>5342+OF5+62+s+5>0+F1
1:=2+<F5.+<5>2+A5.307I2+6+51+01A>0M2.+s+70+30>0+6+70.+<:5>L
10.+6+72.+C>0I2.+/51B01+F10+;F?>5+OF5+;5+<0>53:S+;F1L
A:07+ s+ ;5+ 0.F./Q+ F1+ <232+ <2>OF5+ 51+ ;5A:2+ A5+ ;:.
51.2=03:215.+ 12+ 72+ 40CB0+ 5.3F340A2+ 035>30>.5+ 2+ 030.2
40CB0+3>5BA2+OF5+57+>F:A2+51/>5+70.+>0;0.+5>0+230.:210A2
<2>+72.+<5>>2.+H0?0CF1A2.+A5+.:5;<>5+6+32;2+;5+0.F./Q
Q7+>:S+F1+<2OF:/2+12+;F342+>:S+32;2+0+<5.0>+.F62+6+.5
.51/S+E>51/5+0+;B+.2C>5+F1+/>2132+s+A:M5+4270+6+Q7+5;:/:S
F1+.2<7:A:/2+s+0+H535.+;2HB0+70+30C5I0+2+70.+;012.+<0>0
!gi
178
1/6/00, 14:27
5.<01/0>+72.+;2.3215.+s+75+<>5?F1/Q+.2.+A5+0OFB+6+Q7+5;:L
/:S+2/>2+.2<7:A2+s+62+12+.0CB0+OFQ+4035>+1:+OFQ+:1:3:0/:H0
/2;0>+ 6+ 51/2135.+ .5+ ;5+ 23F>>:S+ >532?5>+ F10+ <:5A>:/0+ 6
403:51A2+F1+512>;5+5.EF5>I2+57+;DK:;2+A57+OF5+5>0+30L
<0I+70+/:>Q+403:0+57+>B2+6+.5+4F1A:S+04B+12;D.+35>30+A57
C2/5+s+51/2135.+Q7+.21>:S+A5+1F5H2+6+5;:/:S+2/>2+.2<7:A2
6+.5+75H01/S+6+>532?:S+/0;C:Q1+F10+<:5A>:/0+6+30.:+.:1+5.L
EF5>I2+3272301A2+57+C>0I2+F1+<232+A5+32./0A2+70+0>>2MS
/0;C:Q1+ 403:0+ 57+ >B2+ 6+ 0OF57+ ?F:M0>>:/2+ :1.:?1:E:301/5+ 12
.S72+775?S+0+F10+A:./013:0+A5.32;F107+.:12+OF5+0A5;D.
EF5+A01A2+.07/2.+.2C>5+57+0?F0+30.:+OF:5/0+6+51/2135.+62
.51/B+OF5+57+<5342+.5+;5+77510C0+A5+0A;:>03:S1+6+75+A:M5
OFQ+ CD>C0>2+ 6+ 0<70FAB+ 6+ ;5+ >5B+ 6+ 12+ .Q+ 3FD1/0.+ 32.0.
;D.+4:35+<0>0+OF5+Q7+.5+A:5>0+3F51/0+A5+3S;2+;5+40CB0
A5.7F;C>0A2+6+<0>0+3F7;:10>+75+A:M5+.2.+F1+30;<5S1+s+6
51/2135.+Q7+;5+;:>S+5./0+H5I+.:1+>5.2<70>+6+<2>+<>:;5>0
H5I+40C7S+s+12+.26+F1+30;<5S1+<2>OF5+5.+72+@1:32+OF5+.Q
4035>
321+ 5.5+ E21A2+ A5+ >53F5>A2+ .:7H5./>5+ 5+ :1E013:0+ >5;2/0
3>52+ OF5+ 042>0+ .B+ ;5+ H:515+ 70+ ;2A2>>0+ s+ H26+ 0+ 321/0>
;:7:32.+0+H5>+.:+;5+AF5>;2
0.B+ OF5+ 2/>0+ H5I+ D$4,3/( 43$,( *3",( s+ 5./D+ C:51+ 5./D+ C:51+ s
A5C2+ 40C5>+ A2>;:A2+ F1+ <0>+ A5+ 42>0.+ s+ 72+ ;072+ 5.+ OF5
.2=Q+1F5H0;51/5+321+5;:7:2
!gj
179
1/6/00, 14:27
^-&$%"m+,U2.+05>2<F5>/2.8
-7+05>2<F5>/2+5.+F1+7F?0>+07+OF5+775?01+;F342.+/0K:.+6
0+H535.+5./D+77512+A5+5K/>01M5>2.+6+>5H:./0.9+-1+72.+05>2L
<F5>/2.+4035+/01/2+E>B2+OF5+.:5;<>5+:1./0701+F10+E0>;0L
3:0+ <0>0+ H51A5>+ >5;5A:2.+ 0+ 70.+ <5>.210.+ <>2<51.0.9+ P2
.26+<>2<51.0+A5.A5+34:OF:/09+-1+72.+05>2<F5>/2.+70+?51/5
C2./5I0+30.:+/01/2+32;2+51+70.+5.3F570.9+-1+72.+05>2<F5>L
/2.+70.+H07:M0.+.:5;<>5+<5.01+H5:1/5+r:72.+0.B+OF5+<2A>B01
042>>0>.5+70.+C0701I0.9+-1+72.+05>2<F5>/2.+12+406+3F30L
>0340.9+-1+;:+30.0+.B+406+<2>OF5+12+5.+05>2<F5>/29+&+72.
MF?0A2>5.+A5+E@/C27+6+0+72.+<>5.:A51/5.+.:5;<>5+72.+E2/2L
?>0EB01+51+72.+05>2<F5>/2.+6+.0751+;F6+<5:10A2.G+<5>2+0
72.+/2>5>2.+30.:+1F130+6+;F342+;512.+0+72.+/2>2.9+*5>D
<2>OF5+ 0+ 72.+ /2>2.+ 75.+ ?F./0+ H:0M0>+ 51+ E5>>230>>:79+ &+ ;B
/0;C:Q1+;5+?F./0+;F34B.:;29+U0.+<5>.210.+OF5+775?01+0
72.+ 05>2<F5>/2.+ .21+ ;F6+ 0C>0I0A2>0.9+ RF01A2+ F10+ .5
70H0+70.+;012.+51+72.+05>2<F5>/2.+OF5A01+C0./01/5+;D.
7:;<:0.+ <5>2+ 0>>F?0A:/0.9+ P2+ /51?2+ F10+ 0;:?F:/0+ OF5
>2C0+<0<57+4:?:Q1:32+51+72.+05>2<F5>/2.+<2>OF5+A:35+OF5
5.+;D.+.F0H59+U0.+ 0AF010.+ 6+ 72.+ 30>>:/2.+<0>0+5OF:<0M5
.21+ 70.+ 32.0.+ ;D.+ C5770.+ OF5+ /:515+ 57+ 05>2<F5>/29+ -1+ 70
0AF010+406+OF5+0C>:>+70+H07:M0+6+35>>0>+70+C2309+U0.+0I0L
E0/0.+30;:101+MF1/0.+<0>0+12+<5>A5>.59+U0.+0I0E0/0.+.21
;F34B.:;2+;D.+7:1A0.+OF5+70.+;05./>0.9+U2.+5.<2.2.+A5
70.+0I0E0/0.+.5+770;01+<:72/2.9+RF01A2+F1+<0.0M5>2+775?0
/0>A5+ 07+ 05>2<F5>/2G+ 406+ F1+ <27:3B0+ OF5+ 0?0>>0+ 57+ <0.0L
<2>/5+6+75+<215+F1+.5772+OF5+A:35+-./5+1:=2+775?S+/0>A59
-1/>5+70.+32.0.+OF5+0+H535.+775?01+07+05>2<F5>/2+5./D+<2>
5M5;<72+ ;:+ <0<D9+ U2.+ <0.0M5>2.+ OF5+ 775?01+ .:5;<>5+ 75.
/>051+>5?072.+0+.F.+4:M:/0.+OF5>:A0.+<5>2+;:+<0<D+OF5+775L
?0>D+;0=010+12+;5+/>05>D+1:1?@1+>5?072+<2>OF5+5./FH2
<>5.2+<27B/:32+3:132+0=2.+6+62+.26+;F6+32;<>51.:H09+#2L
.2/>2.+E>53F51/0;2.+72.+05>2<F5>/2.+ .2C>5+ /2A2+ 3F01A2
!ik
180
1/6/00, 14:27
H:515+;:+<0<D9+RF01A2+57+05>2<F5>/2+5./D+A5+4F57?0G+5.
;F342+;D.+ED3:7+321.5?F:>+/0K:+<0>0+57+05>2<F5>/29+V06
07?F12.+05>2<F5>/2.+OF5+0A5;D.+A5+/0K:.+/:5151+0H:215.9
RF01A2+ 72.+ /0K:.+ 40351+ 4F57?0+ 72.+ 0H:215.+ 12+ <F5A51
0/5>>:I0>9+ U2.+ /0K:.+ .21+ 70+ <0>/5+ ;D.+ :;<2>/01/5+ A57+ 05L
>2<F5>/29
!i!
181
1/6/00, 14:27
-U+)$%)+,J2>+042>0+:;<>2H:.0>8
&+5./0+07/F>0+%2701A2+&.F5>2+40+A5M0A2+A5+<>5?F1/0>L
.59+*5+40+E0C>:30A2+0+<F=5/0I2.+F10+>5.<F5./0+6+0A5;D.
5./D+.:135>0;51/5+321H513:A29+&42>0+.S72+>5./0+:>+07+05L
>2<F5>/2+ 6+ 51E>51/0>+ 57+ <0.0A2G+ 57+ <>5.51/5+ 6+ 57+ EF/F>2
/2A2+MF1/29+J>2C0C75;51/5+b>03:570+/:515+>0IS1+6+72+;5L
M2>+ .50+ :;<>2H:.0>9+ ";<>2H:.0>+ .2C>5+ F1+ /5;0+ E:M2G+ 370>2
5./D9+J5>2+OFQ+4035>+3F01A2+775?F5+*01/:0?2+6+.5+0C>035
A5+5770+6+A5+^50/>:3:/0+32;2+A5+.F.+>0I215.+6+.:1>0I215.
A5+H:A09+cFQ+4035>9+NS1A5+<215>+70.+;012.9+V03:0+AS1L
A5+;:>0>9+cFQ+4035>+3F01A2+*01/:0?2+0C>035+0+%0E057+6
Q./5+75+030>:3:5+F1+<232+70+1F30+<2>OF5+5.+F1+?5./2+<>2L
<:2+A5+5.0+?515>03:S1+51+>5/:>0A09+P+.2C>5+/2A2+OFQ+40L
35>+30>0M2+3F01A2+72+0C>035+0+Q7+6+75+A:?0+OFQ+.F5>/5+AFL
OF5+OF5+5./Q.+0OFBG+51+57+0H:S1+H51B0+<51.01A2+51+H2.G
40C>D+OF5+5;<5I0>+0+>5MF1/0>+57+H:5M2+3701G+OFQ+/5+<0>5L
359+P+OFQ+30>0+<21A>D+b>03:570+3F01A2+Q7+70+;:>5G+51+;:L
/0A+A57+0C>0I2G+<2>+.2C>5+57+42;C>2+A5+*01/:0?29+*:1+5;L
C0>?2G+ 3>55+ OF5+ 72.+ <52>5.+ ;2;51/2.+ H01+ 0+ H51:>+ A5.L
<FQ.G+3F01A2+b>03:570+<2>+E:1+.5+72+A:?0+6+57+>53:Q1+775?0L
A2+5;<:535+0+>5321./>F:>+70+5.351:/0+A57+05>2<F5>/2+6+.5
40775+>:AB3F72+0+;D.+12+<2A5>+6+.5+A5.<>53:5+6+12.+A5.L
<>53:5+<2>OF5+/2A2.+.0CB0;2.+57+7:C>5/2+;512.+Q7+6+5;L
<:535+0+>54035>+72.+C5.2.+OF5+75+A:2+0+b>03:570+E>51/5+0
;B+ 6+ 57+ 0C>0I2+ OF5+ ;5+ A:2+ E>51/5+ 0+ b>03:570+ 6+ H0+ 0+ .5>
;F6+ AF>2+ A5+ >5;21/0>+ 5.5+ <0.0A:/2+ OF5+ OF5A0+ 04B
12;D.+0+<230.+42>0.9+RS;2+321H5135>72+A5+OF5+/2A2+.5
EF5+ 403:51A2+ .272G+ A5+ OF5+ 10A:5+ 72+ <>5;5A:/SG+ A5+ OF5
0OF57+H:5M2+32;<0=5>:.;2+A5+72.+.:5/5+EF5+A5+07?F10+;0L
15>0+57+307A2+A5+3F7/:H2+A5+5./5+035>30;:51/2+6+51+A5E:1:L
/:H0+ A5+ 5./5+ 0;2>9+ J2>OF5+ 5.+ 0;2>G+ *01/:0?2G+ 6+ 12
0H51/F>:/0G+5./2+5.+72+CF512+6+72+M2A:A2G+<:51.0+%2701A2G
5.+72+OF5+A5.<FQ.+A5+/2A2+12.+MF./:E:30+4F;010;51/5+0
!iT
182
1/6/00, 14:27
b>03:570+6+0+;B+<5>2+/0;C:Q1+72+OF5+321H:5>/5+0+*01/:0?2
51+ 2C7:?0A2+ <5>A5A2>9+ \)C7:?0A2]+ (10+ <>5?F1/0+ 7S?:30
5.+ .:+ .5+ A0>D+ <2>+ H513:A2+ 2+ 7F340>DG+ .:+ 035</0>D+ 72.+ 45L
342.+<2>E:0AB.:;2.+2+.:G+MF?01A2+70+30>/0+:1/57:?51/5+A5+70
.5>51:A0AG+ 75+ A:>D+ 0+ b>03:570+ 12+ >5.27H0;2.+ 10A0+ 426G
/51Q+51+3F51/0+OF5+030C2+A5+775?0>G+>53:Q1+.07:A:/2+A5+70
3010G+6+A5C2+032./F;C>0>;5+12+.S72+0+5./0+1F5H0+.:/F0L
3:S1+ .:12+ 07+ ;F1A2+ 51+ ?515>07G+ ;5M2>+ .5>D+ OF5+ 40C75L
;2.G+62+A:>B0+OF5+12+72.+/>5.G+.:12+12.2/>2.+A2.+OF5+H:H:L
;2.+/01/0+4:./2>:0+0+3F0/>2+;012.G+<2>+OFQ+H0;2.+0+A0>L
72+ <2>+ >5.F57/2+ 3F01A2+ /515;2.+ /2A2+ 57+ /:5;<2+ <2>+ A5L
701/5G+ 01/5.+ A5+ >5.27H5>+ A5M0;5+ A:.E>F/0>+ F1+ <232+ A5
^50/>:3:/0G+A5M0;5+40C70>+70>?0;51/5+321+5770G+12+A5+5./5
<>2C75;0+5./0/5+/>01OF:70G+72+OF5+;512.+<>5/51A2+5.+OF5
/F+:;0?51+.5+A5/5>:2>5+01/5+5770G+6+/0;C:Q1+40C70>Q+321
%2701A2+<5>2+A5.<FQ.G+<2>+042>0+/2A2+;5+<0>535+:13>5BL
C75+ 6+ 0+ 30A0+ ;:1F/2+ ;5+ E:?F>2+ OF5+ H26+ 0+ A5.<5>/0>+ A5
2/>0+30C5350A0+51+57+0H:S19+R70>2G+Q./0+5.+F10+H0>:01/5
<2>+ 3:5>/2+ C0./01/5+ H5>2.B;:7G+ .2C>5+ /2A2+ 32123:51A2+ 0
*01/:0?2G+OF5+3F01A2+.5+<>2<215+12+<5>A5>+70+307;0+?5L
15>07;51/5+72+321.:?F5G+6+406+OF5+H5>+OF5+0OFB+.5+/>0/0
A5+ 12+ <5>A5>+ 70+ 307;0+ 1:+ 70+ ;FM5>9+ $0;C:Q1+ <:51.0
%2701A2+OF5+5.2+5.+72+OF5+Q7+40>B0+.:+EF5.5+*01/:0?29+J2>
72+<>21/2G+.5+0?0>>0+F10+<0/:770+6+75H01/0+70.+35M0.9+cF:L
.:5>0+ OF5+ /2A2+ 775?0>0+ 3F01/2+ 01/5.+ 0+ .F+ A5.5170359+ -1
>507:A0AG+5.+b>03:570+70+OF5+<2.55+70+A53:.:S1+@7/:;0G+60
OF5+*01/:0?2+<2>+F1+70A2+6+Q7+<2>+2/>2G+OF:5>51+5./0>+321
5770G+A2>;:>+321+5770G+H:H:>+321+57709+P+OF:ID+04B+>0A:OF5+70
>5AF3:A0+H51/0M0+OF5+Q7G+%2701A2+&.F5>2G+75+775H0+0+*01L
/:0?2G+<2>OF5+75+321./0+OF5+51+70+.5;D1/:30+A5+72.+3F5>L
<2.+b>03:570+6+Q7+.5+51/:51A51+A5+;0>0H:770G+6+OF5+0A5L
;D.+51+72.+@7/:;2.+/:5;<2.+5770+75+40+A0A2+>5<5/:A0.+H5L
35.+ F10+ /:5>10+ .5?F>:A0AG+ 30.:+ F10+ E5>2I+ .5?F>:A0AG+ A5
OF5+H0+0+.5?F:>+321+Q7+6+12+321+*01/:0?29+J5>2+70+H51/0M0
A5+Q./5+<F5A5+770;0>.5+^50/>:3:/0G+<2>OF5+.:G+51+H:./0+A5
72.+0321/53:;:51/2.+6+70.+A53:.:215.G+*01/:0?2+OF:5>5+775L
HD>.570+ 321+ Q7G+ 60+ 12+ 5./D+ /01+ .5?F>2+ A5+ OF5+ b>03:570G
OF5+32;2+;0A>5+5.+/2A0+F10+75210G+.5+>5.:?15+0.B+12;D.
!i[
183
1/6/00, 14:27
0+<5>A5>+70+?F>:.0G+OF5+0A5;D.+5./D+7S?:30;51/5+51301L
A:70A0+321+F1+<0A>5+OF5+40+<0.0A2+3:132+0=2.+51+70+3D>L
357+6+OF5+.:?1:E:30+<0>0+5770+/2A0+F10+12H5A0A9+J5>2+CF5L
12G+.5+A:35+%2701A2+&.F5>2+;:51/>0.+0H01I0+403:0+57+05L
>2<F5>/2G+\5.+Q.0+030.2+F10+.:/F03:S1G+12+A:?0;2.+:A507G
<5>2+07+;512.+>0I210C75]+\cFQ+C515E:3:2+<>2EF1A2+<F5L
A5+ .030>+ *01/:0?2+ A5+ F10+ F1:S1+ /01+ E2>I0A0G+ A21A5+ 70
?F>:.:/0+.50+;5>0;51/5+F1+;2/:H2+A5+3401/0M5]+J2>+3:5>L
/2+OF5+5./0+<070C>0+12+75+?F./0G+>5321235+OF5+5.+F10+E07L
/0+A5+>5.<5/2+0+*01/:0?2G+6+A53:A5+;51/07;51/5+C2>>0>70
A57+<701/529+J5>2+57+.5>+4F;012+5.+/01+:;<>5H:.:C759+$0;L
C:Q1+<F5A5+23F>>:>+OF5+*01/:0?2+<>5E:5>0+/515>+0+b>03:570
51+ F10+ >5703:S1+ A5/5>:2>0A0+ 01/5.+ OF5+ 0+ b>03:570+ 51+ 70
30;0+A5+2/>2G+0F1OF5+5.5+2/>2+.50+F1+0;:?2+A57+07;0G+2
<>53:.0;51/5+<2>+5./5+A5/0775+12+/01+1:;:29+^F512G+0OFB
5./D+<2>+E:1+57+05>2<F5>/2G+6+%2701A2+A5.3:51A5+A57+0F/2L
C@.+51+/07+5./0A2+A5+51.:;:.;0;:51/2+OF5+<2>+<232+.5
32;5+F1+5.307S19
!i`
184
1/6/00, 14:27
-l$%&'(%)*+,&>>:H07.+&>>:HQ5.+U75?0A0.8
5K/>0=2+ ;5+ .:51/2+ 5K/>0=2+ <:.01A2+ 5./5+ .F572+ s+ ;512.
;07+OF5+77F5H5+s+321+70+77FH:0+/2A2+.5+5;<0>5M0+6+57+<0>0L
?F0.+.5+321H:5>/5+51+57+32;@1+A512;:10A2>+A5+70+4F;0L
1:A0A+s+07+;512.+A5+70+4F;01:A0A+?F0>53:A0
5K/>0=2+;5+.:51/2+<5>2+60+.5+;5+<0.0>D+s+10A:5+.5+;F5>5
A5+5K/>0=5I0+0F1OF5+.B+<F5A5+;2>:>.5+A5+5K/>0=0>+72+OF5
23F>>5+5.+OF5+.5+MF1/0>21+A5;0.:0A0.+32.0.+70+12/:3:0+s+70
A5.<5A:A0+A5+72.+;B2.+077D+s+72.+M2A:A2.+/>D;:/5.+s+70+;F5L
30+M03/013:2.0+A57+2E:3:07+<51@7/:;2+s+30>>0.32+s+70+<0>/:A0
.:1+ 10A:5+ <0>0+ ;B+ s+ 57+ H:0M5+ 57+ 70>?2+ H:0M5+ 321+ .F5=2.+ 6
30H:703:215.+6+<>2653/2.+s+CF512+6+70.+32;:A0.+s+3S;2+12
.51/:>;5+A5.32135>/0A2+A5.<FQ.+A5+3:132+0=2.+A5+0OF57
?F:.2+:1E0;5
57+ EF13:210>:2+ OF5+ ;:>0+ 70>?0;51/5+ 57+ A23F;51/2+ s+ 70
H5>A0A+5.+OF5+3F0/>2+;:1F/2.+<F5A51+.5>+F10+5/5>1:A0A+s
<2>+E0H2>+<2A>B0+OF:/0>.5+70+C2:10+6+3F:A0A2.0+32;<0>0L
3:S1+ 321+ 70+ E2/2+ s+ .:5;<>5+ .5>:2+ <5>2+ ;F6+ 301345>2+ 0.B
OF5+2/>2+;D.+s+.B+2/>2+;D.+s+62+/0;C:Q1+;F6+301345>2+s
.S72+51/2135.+.21>:.0+6+57+>2./>2+0AF./2+OF5+.5+30;C:0+51
30>0+ A5+ :1A:53:/2+ ;0301FA2+ s+ CF510+ .F5>/5+ 0;:?2+ s+ ;5
A:M2+CF510+.F5>/5+0;:?2
6+042>0+0+5.<5>0>+70.+H07:M0.+s+70+;B0+70+<2C>5+;B0+H51A>D
2+12+H51A>D+s+5./2+H0+0+A5;2>0>+s+6+72.+OF5+0?F0>A01+s+57
;21/S1+ A5+ 30C5I0.+ />0.+ 72.+ 3>:./075.+ s+ .:+ <FA:5>0+ H5>72.
51321/>0>72.
<5>2+.:+5./D1+s+.21+5772.+370>2+OF5+.21+5772.+s+2>:51/075.+70
<0/>:0+ 2+ 70+ /F;C0+ s+ />0C0M0A2>5.+ A57+ ;F1A2+ F1B2.+ s
5F>5r0+s+70+3575./5+OF5+12+1:+12+s+E:0/+7FK+s+12.35+/5+:<.F;
!ie
185
1/6/00, 14:27
<0/>:0+ 2+ ;F5>/5+ H5135>5;2.+ s+ 0>>:C0+ 72.+ OF5+ 7F3401+ s

30>0M2+OFQ+075?>B0
?>03:570+6+57+H:5M2+6+5.0+32.:/0+CD>C0>0+OF5+A5C5+.5>+;:
?F>:.0+ s+ ?>03:570+ 7:1A0+ s+ <51.0>+ OF5+ Q.0+ 5.+ ;:+ ;FM5>+ s
C50/>:3:/0+OFQ+E:5./0+12.+5.<5>0+s+6+5.5+2/>2+OF5+75H01/0
72.+C>0I2.+s+<5>2+.:+5.+57+AFOF5+s+<5>2+.:+5.+57+AFOF5+A5
51A:H5.+51+<5>.210
J07;0+A5+'0772>30G+23/FC>5+!jik+0+23/FC>5+!ji!9
!if
186
1/6/00, 14:27
{#N"R)?KD=G>DA:'M#:K='?AEF;';:KAN':ABA'O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PP
Q;D9<A:'N'EA?K>:A:'MQ;EFA:'CABRK9EA:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PS
,A?'*=T=;B'M,;DDAK='N'<;DDAK;DAO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PU
#V9B9A:'M7=I=BBA'W;D<;O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL XY
!;=KD9Z'M/=:';:K=E9A?;:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL X[
)?KD=G>DA:'M\7]GA'=?<=?'K>:'T=?K=:G=:Ô LLLLLLLLLLLLLLLLLLLLLLLLLLL X_
#B'AKDA'M3;:K9@A':AB9KAO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL X`
#V9B9A:'M)?W9K=E9]?'EAD<9=BO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL [X
Q;D9<A:'N'EA?K>:A:'M"?A'A'<A:'C=9:=a;:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLL [U
,A?'*=T=;B'M"?='E>BC=';VKD=b=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL SX
)?KD=G>DA:'M#B'DRAO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL SS
!;=KD9Z'M/A:'D=:E=E9;BA:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL SU
#V9B9A:'Mc;?R='<;'(>:KD=B9=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL Sd
#B'AKDA'Me>;D;DJ'CA<;DJ';KELO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL _S
,A?'*=T=;B'M,9A:'G;<9=?K;O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL _U
Q;D9<A:'N'EA?K>:A:'M"?'G9;<A';:C=?KA:AO LLLLLLLLLLLLLLLLLLLLLLLLLLLL _d
)?KD=G>DA:'M#B'EAGCB;G;?K=D9AO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL fS
#V9B9A:'M"?'FAGID;';?'>?'Z=@>H?O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL fd
!;=KD9Z'M#:K;'C=R:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL UP
Q;D9<A:'N'EA?K>:A:'M&Ab=D'<;:C9;DK=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL U[
,A?'*=T=;B'M/AEA:'B9?<A:'N'T;A:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL Ud
#V9B9A:'M/=':AB;<=<'9?G]W9BO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL `S
#B'AKDA'M39K>B=D'N':>CB;?K;O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL `f
)?KD=G>DA:'M#B'I=B?;=D9AO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL ``
!;=KD9Z'M"?='C=B=ID=';?ADG;O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL dP
#V9B9A:'M-;?gBK9G='GAD=<=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL d[
Q;D9<A:'N'EA?K>:A:'Mc;D<=<'N'CD]DDA@=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL df
,A?'*=T=;B'M$AK9E9=:'<;'#G9B9AO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PYS
#B'AKDA'M3>D>B=KA'N'KA<AO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PPX
!;=KD9Z'M/='CAB>E9]?O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PP`
#V9B9A:'M/='=Eg:K9E='<;'#C9<=>DA:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PXP
)?KD=G>DA:'M"?='G;D='CA:9I9B9<=<O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PX[
!ig
187
1/6/00, 14:27
Q;D9<A:'N'EA?K>:A:'M#B'<ADG9<AO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PX`

#B'AKDA'M&AGID=:'N'G;<9=:'B>E;:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL P[P
#V9B9A:'M(<9]:'N'I9;?W;?9<=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL P[_
,A?'*=T=;B'M"?'C=R:'BB=G=<A'/N<9=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PSY
!;=KD9Z'M/='=G?9:KR=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PSU
#B'AKDA'M-A?K;';B'E>;DCAO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL P_P
Q;D9<A:'N'EA?K>:A:'M->K='W9<=O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL P__
#V9B9A:'M/A:'AD@>BBA:A:'<;'(B=G=DO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL P_`
,A?'*=T=;B'Me>9K=D'BA:';:EAGIDA:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL PfP
#VKD=G>DA:'M+=:K;?':;=K'I;BKO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL Pf_
!;=KD9Z'M/A:'=;DAC>;DKA:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL P`Y
#B'AKDA'M-AD'=FAD='9GCDAW9:=DO LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL P`X
#VKD=G>DA:'M(DD9W=B:'(DD9Wh;:'/B;@=<=:O LLLLLLLLLLLLLLLLLLLLLLLLLLLLL P`_
!ii
188
1/6/00, 14:27

Benedetti... Primavera Con Una Esquina Rota

Caricato da

Informazioni sul documento

Titolo originale

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

Benedetti... Primavera Con Una Esquina Rota

Caricato da

Copyright:

Formati disponibili

!

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

AB0+ 40C:/F0>;5+ 0+ 70.+ ;D.30>0.G+ 0F1OF5+ .:5;<>5+ EF5>01

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

>0/2+ E:M0;51/5G+ 6+ 7F5?2+ A:M2W+ X-7+ <5>E:7+ A5+ N5+ b0F7759Y

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

F84( ,+984( $( 34$( $",&6$( ?$( 34,$*$/( ,$/( 4&$<34( %&3( 53

Primavera con una esquina rota.p65

5360( C4,&<3( <3+/,+-&$,68( )86$4( 4+/( 968*$6( *8-$780( >638

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

.210G+ .51/0A2.+ E>51/5+ 0+ E>51/5G+30A0+F12+51+.F+H51/01:L

Primavera con una esquina rota.p65

a\J>2EF1A:I0>+ 51+ ;B+ ;:.;0]+ JF5A5+ .5>9+ JF5A5+ .5>9

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

/:5151+ 70+ 2<2>/F1:A0A+ A5+ .5>+ /0K:./0.+ 2+ MF?0A2>5.+ A5

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

aZ2.+ 75+ 403Q.+ A5;0.:0A0.+ 32135.:215.+ 0+ /F+ M5E59

Primavera con una esquina rota.p65

Primavera con una esquina rota.p65

5360( C4,&<3( <3+/,+-&$,68( )86$4( 4+/( 968$6( 8-$780( >638