| Iran NNP B-NP |
| announced VBD B-VP |
| tonight NN B-NP |
| that IN B-PP |
| its NNS B-NP |
| major JJ B-NP |
| offensive NN I-NP |
| against IN B-PP |
| Iraq NNP B-NP |
| in IN B-PP |
| the DT B-NP |
| Gulf NNP I-NP |
| war NN I-NP |
| had VBD B-VP |
| ended VBN I-VP |
| after IN B-PP |
| dealing VBG B-VP |
| savage JJ B-NP |
| blows NNS I-NP |
| against IN B-PP |
| the DT B-NP |
| Baghdad NNP I-NP |
| government NN I-NP |
| . . O |
| The DT B-NP |
| Iranian JJ I-NP |
| news NN I-NP |
| agency NN I-NP |
| IRNA NNP I-NP |
| , , O |
| in IN B-PP |
| a DT B-NP |
| report NN I-NP |
| received VBN B-VP |
| in IN B-PP |
| London NNP B-NP |
| , , O |
| said VBD B-VP |
| the DT B-NP |
| operation NN I-NP |
| code-named VBN B-VP |
| Karbala-5 CD B-NP |
| launched VBD B-VP |
| into IN B-PP |
| Iraq NNP B-NP |
| on IN B-PP |
| January NNP B-NP |
| 9 CD I-NP |
| was VBD B-VP |
| now RB B-ADVP |
| over RP B-NP |
| . . O |
| It PRP B-NP |
| quoted VBD B-VP |
| a DT B-NP |
| joint NN I-NP |
| statewment NN I-NP |
| by IN B-PP |
| the DT B-NP |
| Iranian JJ I-NP |
| Army NNP I-NP |
| and CC I-NP |
| Revolutionary NNP I-NP |
| Guards NNPS I-NP |
| Corps NNP I-NP |
| as IN B-PP |
| saying VBG B-VP |
| that IN B-SBAR |
| their DT B-NP |
| forces NNS I-NP |
| had VBD B-VP |
| " JJ B-NP |
| dealt VBD B-VP |
| one CD B-NP |
| of IN B-PP |
| the DT B-NP |
| severest JJS I-NP |
| blows NNS I-NP |
| on IN B-PP |
| the DT B-NP |
| Iraqi JJ I-NP |
| war NN I-NP |
| machine NN I-NP |
| in IN B-PP |
| the DT B-NP |
| history NN I-NP |
| of IN B-PP |
| the DT B-NP |
| Iraq-imposed JJ I-NP |
| war NN I-NP |
| . . O |
| " NN B-VP |
| The DT B-NP |
| statement NN I-NP |
| by IN B-PP |
| the DT B-NP |
| Iranian JJ I-NP |
| High NNP I-NP |
| Command NNP I-NP |
| appeared VBD B-VP |
| to TO I-VP |
| herald VB I-VP |
| the DT B-NP |
| close NN I-NP |
| of IN B-PP |
| an DT B-NP |
| assault NN I-NP |
| on IN B-PP |
| the DT B-NP |
| port JJ I-NP |
| city NN I-NP |
| of IN B-PP |
| Basra NNP B-NP |
| in IN B-PP |
| southern JJ B-NP |
| Iraq NNP I-NP |
| . . O |
| " NN B-VP |
| The DT B-NP |
| operation NN I-NP |
| was VBD B-VP |
| launched VBN I-VP |
| at IN B-PP |
| a DT B-NP |
| time NN I-NP |
| when WRB B-ADVP |
| the DT B-NP |
| Baghdad NNP I-NP |
| government NN I-NP |
| was VBD B-VP |
| spreading VBG I-VP |
| extensive JJ B-NP |
| propaganda NN I-NP |
| on IN B-PP |
| the DT B-NP |
| resistance NN I-NP |
| power NN I-NP |
| of IN B-PP |
| its NNS B-NP |
| army NN I-NP |
| ... NNS I-NP |
| , , O |
| " NNS B-NP |
| said VBD B-VP |
| the DT B-NP |
| statement NN I-NP |
| quoted VBN B-VP |
| by IN B-PP |
| IRNA NNP B-NP |
| . . O |
| It PRP B-NP |
| claimed VBD B-VP |
| massive JJ B-NP |
| victories NNS I-NP |
| in IN B-PP |
| the DT B-NP |
| seven-week NN I-NP |
| offensive NN I-NP |
| and CC O |
| called VBN B-VP |
| on IN B-PP |
| supporters NNS B-NP |
| of IN B-SBAR |
| Baghdad NNP B-NP |
| to TO B-VP |
| " VB I-VP |
| come VBN I-VP |
| to TO B-PP |
| their IN B-NP |
| senses JJ I-NP |
| " NNS I-NP |
| and CC O |
| discontinue VB B-VP |
| support NN B-NP |
| for IN B-PP |
| what WP B-NP |
| it PRP B-NP |
| called VBD B-VP |
| the DT B-NP |
| tottering VBG I-NP |
| regime NN I-NP |
| in IN B-PP |
| Iraq NNP B-NP |
| . . I-NP |
| Iran NNP I-NP |
| said VBD B-VP |
| its NNS B-NP |
| forces NNS I-NP |
| had VBD B-VP |
| " CD B-NP |
| liberated JJ I-NP |
| " NN I-NP |
| 155 CD I-NP |
| square JJ I-NP |
| kilometers NNS I-NP |
| of IN B-PP |
| enemy-occupied JJ-occupied B-NP |
| territory NN I-NP |
| during IN B-PP |
| the DT B-NP |
| 1987 CD I-NP |
| offensive NN I-NP |
| and CC O |
| taken VBN B-VP |
| over IN B-PP |
| islands NNS B-NP |
| , , O |
| townships NNS B-NP |
| , , O |
| rivers NNS B-NP |
| and CC O |
| part NN B-NP |
| of IN B-PP |
| a DT B-NP |
| road NN I-NP |
| leading VBG B-VP |
| into IN B-PP |
| Basra NNP B-NP |
| . . O |
| The DT B-NP |
| Iranian JJ I-NP |
| forces NNS I-NP |
| " NNS I-NP |
| are VBP B-VP |
| in IN B-PP |
| full JJ B-NP |
| control NN I-NP |
| of IN B-PP |
| these DT B-NP |
| areas NNS I-NP |
| , , O |
| " NNS B-NP |
| the DT B-NP |
| statement NN I-NP |
| said VBD B-VP |
| . . O |
| It PRP B-NP |
| said VBD B-VP |
| 81 CD B-NP |
| Iraqi JJ I-NP |
| brigades NNS I-NP |
| and CC I-NP |
| battalions NNS I-NP |
| were VBD B-VP |
| totally RB I-VP |
| destroyed VBN I-VP |
| , , O |
| along IN B-ADVP |
| with IN B-PP |
| 700 CD B-NP |
| tanks NNS I-NP |
| and CC O |
| 1,500 CD B-NP |
| other JJ I-NP |
| vehicles NNS I-NP |
| . . O |
| The DT B-NP |
| victory NN I-NP |
| list NN I-NP |
| also RB B-ADVP |
| included VBD B-VP |
| 80 CD B-NP |
| warplanes NNS I-NP |
| downed VBD B-VP |
| , , O |
| 250 CD B-NP |
| anti- - I-NP |
| aircraft NN I-NP |
| guns NNS I-NP |
| and CC O |
| 400 CD B-NP |
| pieces NNS I-NP |
| of IN B-PP |
| military JJ B-NP |
| hardware NN I-NP |
| destroyed VBN B-VP |
| and CC O |
| the DT B-NP |
| seizure NN I-NP |
| of IN B-PP |
| 220 CD B-NP |
| tanks NNS I-NP |
| and CC O |
| armoured JJ B-NP |
| personnel NNS I-NP |
| carriers NNS I-NP |
| . . O |
| U.S. NNP O |
| bank NN I-NP |
| discount NN I-NP |
| window RB I-NP |
| borrowings NNS I-NP |
| less NNS I-NP |
| extended VBN B-NP |
| credits NN I-NP |
| averaged VBD B-VP |
| 310 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| the DT B-NP |
| week NN I-NP |
| to TO B-PP |
| Wednesday NNP B-NP |
| February NNP I-NP |
| 25 CD I-NP |
| , , O |
| the DT B-NP |
| Federal JJ I-NP |
| Reserve NNP I-NP |
| said VBD B-VP |
| . . O |
| The DT B-NP |
| Fed JJ I-NP |
| said VBD B-VP |
| that IN B-SBAR |
| overall JJ B-NP |
| borrowings NNS I-NP |
| in IN B-PP |
| the DT B-NP |
| week NN I-NP |
| fell MD B-VP |
| 131 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| to TO B-PP |
| 614 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| , , O |
| with IN B-PP |
| extended VBN B-NP |
| credits NN I-NP |
| up IN B-PP |
| 10 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| at IN B-PP |
| 304 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| . . O |
| The DT B-NP |
| week NN I-NP |
| was VBD B-VP |
| the DT B-NP |
| second NN I-NP |
| half NN I-NP |
| of IN B-PP |
| a DT B-NP |
| two-week NN I-NP |
| statement NN I-NP |
| period. NNS I-NP |
| Net VBD B-VP |
| borrowings NNS B-NP |
| in IN B-PP |
| the DT B-NP |
| prior NN I-NP |
| week NN I-NP |
| averaged RB B-NP |
| 451 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| . . O |
| Commenting NNP O |
| on IN B-PP |
| the DT B-NP |
| two-week NN I-NP |
| statement NN I-NP |
| period NNS I-NP |
| ended VBD B-VP |
| February NNP B-NP |
| 25 CD I-NP |
| , , O |
| the DT B-NP |
| Fed NNP I-NP |
| said VBD B-VP |
| that NN B-SBAR |
| banks NNS B-NP |
| had VBD B-VP |
| average JJ B-NP |
| net NN I-NP |
| free JJ I-NP |
| reserves NN I-NP |
| of IN B-PP |
| 644 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| a DT B-NP |
| day NN I-NP |
| , , O |
| down IN B-PP |
| from JJ B-NP |
| 1.34 NN I-NP |
| billion NN I-NP |
| two RB B-NP |
| weeks NNS I-NP |
| earlier IN B-ADVP |
| . . O |
| A RB B-ADJP |
| Federal JJ I-ADJP |
| Reserve . B-NP |
| spokesman NN B-VP |
| told VBN I-VP |
| a DT B-NP |
| press NN I-NP |
| briefing VBG B-VP |
| that IN B-SBAR |
| there EX B-NP |
| were VBD B-VP |
| no RB B-NP |
| large JJ I-NP |
| single NN I-NP |
| day NN I-NP |
| net RB I-NP |
| misses NNS I-NP |
| in IN B-PP |
| the DT B-NP |
| Fed's default I-NP |
| reserve NN I-NP |
| projections NNS I-NP |
| in IN B-PP |
| the DT B-NP |
| week NN I-NP |
| to TO B-PP |
| Wednesday NNP B-NP |
| . . I-NP |
| He NNP I-NP |
| said VBD B-VP |
| that NN B-NP |
| natural JJ I-NP |
| float NN I-NP |
| had VBD B-VP |
| been VBN I-VP |
| " NN B-NP |
| acting VBG B-VP |
| a DT B-NP |
| bit NN I-NP |
| strangely RB B-VP |
| " VBN I-VP |
| for IN B-PP |
| this DT B-NP |
| time NN I-NP |
| of IN B-PP |
| year NN B-NP |
| , , O |
| noting VBG B-VP |
| that IN B-SBAR |
| there EX B-NP |
| had VBD B-VP |
| been VBN I-VP |
| poor JJ B-NP |
| weather NN I-NP |
| during IN B-PP |
| the DT B-NP |
| latest JJ I-NP |
| week NN I-NP |
| . . O |
| The DT B-NP |
| spokesman NN I-NP |
| said VBD B-VP |
| that IN B-SBAR |
| natural JJ B-NP |
| float NN I-NP |
| ranged VBN B-VP |
| from IN B-PP |
| under IN B-NP |
| 500 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| on IN B-PP |
| Friday NNP B-NP |
| , , O |
| for IN B-PP |
| which NNP B-NP |
| he NN B-NP |
| could VBN B-VP |
| give JJ B-NP |
| no RB I-NP |
| reason NN I-NP |
| , , O |
| to TO B-PP |
| nearly JJ B-NP |
| one CD I-NP |
| billion IN B-PP |
| dlrs NN B-NP |
| on IN B-PP |
| both NN B-NP |
| Thursday default B-NP |
| and CC O |
| Wednesday default B-NP |
| . . O |
| The DT B-NP |
| Fed JJ I-NP |
| spokeman NN I-NP |
| could VBN B-VP |
| give JJ B-NP |
| no NN I-NP |
| reason NN I-NP |
| for IN B-PP |
| Thursday's NNP B-NP |
| high NN I-NP |
| float NNS I-NP |
| , , O |
| but NNS B-NP |
| he DT B-NP |
| said VBD B-VP |
| that IN B-PP |
| about NN B-NP |
| 750 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| of IN B-PP |
| Wednesday's NNP B-NP |
| float NN I-NP |
| figure NNS I-NP |
| was VBD B-VP |
| due VBD I-VP |
| to TO I-VP |
| holdover VB I-VP |
| and CC O |
| transportation NN B-VP |
| float IN B-PRT |
| at IN B-PP |
| two NN B-NP |
| widely WDT I-NP |
| separated VBN B-VP |
| Fed VBN B-NP |
| districts NNS I-NP |
| . . O |
| For NNP O |
| the DT B-NP |
| week NN I-NP |
| as IN B-PP |
| a DT B-NP |
| whole NN I-NP |
| , , O |
| he DT B-NP |
| said VBD B-VP |
| that IN B-SBAR |
| float NN B-NP |
| related VBN B-VP |
| as IN B-PP |
| of NNP B-NP |
| adjustments NNS I-NP |
| were VBD B-VP |
| " RB B-ADJP |
| small JJ I-ADJP |
| , , O |
| " IN B-PP |
| adding VBG B-VP |
| that IN B-SBAR |
| they NN B-NP |
| fell NN I-NP |
| to TO B-PP |
| a DT B-NP |
| negative JJ I-NP |
| 750 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| on IN B-PP |
| Tuesday NNP B-NP |
| due NN I-NP |
| to TO B-PP |
| a DT B-NP |
| number NN I-NP |
| of IN B-PP |
| corrections NN B-NP |
| for IN B-PP |
| unrelated VBN B-NP |
| cash NN I-NP |
| letter IN B-PP |
| errors NNS B-NP |
| in IN B-PP |
| six JJ B-NP |
| districts NNS I-NP |
| around IN B-PP |
| the DT B-NP |
| country NN I-NP |
| . . O |
| The DT B-NP |
| spokesman NN I-NP |
| said VBD B-VP |
| that NN B-NP |
| on IN B-PP |
| both JJ B-NP |
| Tuesday NNP I-NP |
| and CC I-NP |
| Wednesday NNP B-NP |
| , , O |
| two IN B-PP |
| different JJ B-NP |
| clearing NN I-NP |
| banks NNS I-NP |
| had VBD B-VP |
| system JJ B-NP |
| problems NNS I-NP |
| and CC O |
| the DT B-NP |
| securities NNS I-NP |
| and CC I-NP |
| Federal JJ I-NP |
| funds NNS I-NP |
| wires NNS I-NP |
| had VBD B-VP |
| to TO I-VP |
| be VB I-VP |
| held VBN I-VP |
| open JJ B-NP |
| until NNS I-NP |
| about IN B-PP |
| 2000 CD B-NP |
| or NNP I-NP |
| 2100 CD I-NP |
| EST NNS I-NP |
| on IN B-PP |
| both JJ B-NP |
| days NN I-NP |
| . . O |
| However NNP B-NP |
| , , O |
| he CD B-NP |
| said VBD B-VP |
| that IN B-SBAR |
| both NNP B-NP |
| problems NN I-NP |
| were VBD B-VP |
| cleared VBN I-VP |
| up IN B-ADVP |
| during VBG B-VP |
| both IN B-PP |
| afternoons NNS B-NP |
| and CC O |
| there DT B-NP |
| was VBD B-VP |
| no RB B-ADJP |
| evidence JJ I-ADJP |
| of IN B-PP |
| any DT B-NP |
| reserve JJ I-NP |
| impact NN I-NP |
| . . O |
| During VBG B-VP |
| the DT B-NP |
| week NN I-NP |
| ended VBN B-VP |
| Wednesday NNP B-NP |
| , , O |
| 45 CD B-NP |
| pct NN I-NP |
| of IN B-PP |
| net JJ B-NP |
| discount NN I-NP |
| window NN I-NP |
| borrowings NNS I-NP |
| were VBD B-VP |
| made JJ B-ADJP |
| by IN B-PP |
| the DT B-NP |
| smallest NN I-NP |
| banks NNS I-NP |
| , , O |
| with IN B-PP |
| 30 CD B-NP |
| pct NN I-NP |
| by IN B-PP |
| the DT B-NP |
| 14 CD I-NP |
| large RB I-NP |
| money JJ I-NP |
| center NN I-NP |
| banks NNS I-NP |
| and CC O |
| 25 CD B-NP |
| pct NN I-NP |
| by IN B-PP |
| large JJ B-NP |
| regional NN I-NP |
| institutions NNS I-NP |
| . . O |
| On NNP B-NP |
| Wednesday NNP I-NP |
| , , O |
| 55 CD B-NP |
| pct NN I-NP |
| of IN B-PP |
| the DT B-NP |
| borrowing NN I-NP |
| was VBD B-VP |
| accounted VBN I-VP |
| for IN B-PP |
| by IN B-PP |
| the DT B-NP |
| money NN I-NP |
| center NN I-NP |
| banks NNS I-NP |
| , , O |
| with IN B-PP |
| 30 CD B-NP |
| pct NN I-NP |
| by IN B-PP |
| the DT B-NP |
| large JJ I-NP |
| regionals NN I-NP |
| and CC O |
| 15 CD B-NP |
| pct NN I-NP |
| by IN B-PP |
| the DT B-NP |
| smallest JJ I-NP |
| banks NNS I-NP |
| . . O |
| The DT B-NP |
| Fed JJ I-NP |
| spokesman NN I-NP |
| said VBD B-VP |
| the DT B-NP |
| banking NN I-NP |
| system IN B-NP |
| had VBD B-VP |
| excess VBZ B-NP |
| reserves NN I-NP |
| on IN B-PP |
| Thursday NNP B-NP |
| , , O |
| Monday NNP B-NP |
| and CC I-NP |
| Tuesday NNP I-NP |
| and CC O |
| a DT B-NP |
| deficit NN I-NP |
| on IN B-PP |
| Friday NNP B-NP |
| and CC O |
| Wedndsday NNP B-NP |
| . . I-NP |
| That NNP I-NP |
| produced VBD B-VP |
| a DT B-NP |
| small JJ I-NP |
| daily NN I-NP |
| average JJ I-NP |
| deficit NN I-NP |
| for IN B-PP |
| the DT B-NP |
| week NN I-NP |
| as IN B-PP |
| a DT B-NP |
| whole NN I-NP |
| . . B-VP |
| For NNP B-PP |
| the DT B-NP |
| two-week NN I-NP |
| period NNS I-NP |
| , , O |
| he NNS B-NP |
| said VBD B-VP |
| there EX B-NP |
| were VBD B-VP |
| relatively JJ B-NP |
| high NN I-NP |
| excess VBZ B-VP |
| reserves NN B-NP |
| on IN B-PP |
| a DT B-NP |
| daily JJ I-NP |
| avearge NN I-NP |
| , , O |
| almost IN B-PP |
| all DT B-NP |
| of IN B-PP |
| which CD B-NP |
| were VBD B-VP |
| at IN B-PP |
| the DT B-NP |
| smallest JJ I-NP |
| banks NNS I-NP |
| . . O |
| Reuter IN B-PP |
|  CD B-NP |
| American RB I-NP |
| Express JJ I-NP |
| Co NNP I-NP |
| remained VBN I-NP |
| silent NN I-NP |
| on IN B-PP |
| market NN B-NP |
| rumors NN I-NP |
| it PRP B-NP |
| would VBD B-VP |
| spinoff IN B-PP |
| all DT B-NP |
| or JJ I-NP |
| part NN I-NP |
| of IN B-PP |
| its NNS B-NP |
| Shearson NNP I-NP |
| Lehman NNP I-NP |
| Brothers NNS I-NP |
| Inc NNP I-NP |
| , , O |
| but IN B-SBAR |
| some DT B-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| the DT B-NP |
| company NN I-NP |
| may NN I-NP |
| be VB B-VP |
| considering NN B-NP |
| such IN B-PP |
| a DT B-NP |
| move JJ I-NP |
| because NN I-NP |
| it PRP B-NP |
| is VBZ B-VP |
| unhappy NN B-NP |
| with IN B-PP |
| the DT B-NP |
| market JJ I-NP |
| value NN I-NP |
| of IN B-PP |
| its NNS B-NP |
| stock NN I-NP |
| . . B-ADVP |
| American RB B-NP |
| Express JJ I-NP |
| stock NN I-NP |
| got NN I-NP |
| a DT B-NP |
| lift NN I-NP |
| from WRB B-ADVP |
| the DT B-NP |
| rumor NN I-NP |
| , , O |
| as IN B-SBAR |
| the DT B-NP |
| market NN I-NP |
| calculated VBN B-VP |
| a DT B-NP |
| partially JJ I-NP |
| public NN I-NP |
| Shearson IN B-PP |
| may NN B-NP |
| command VBN B-VP |
| a DT B-NP |
| good JJ I-NP |
| market NN I-NP |
| value NN I-NP |
| , , O |
| thereby IN B-PP |
| boosting VBG B-VP |
| the DT B-NP |
| total JJ I-NP |
| value NN I-NP |
| of IN B-PP |
| American NNP B-NP |
| Express default I-NP |
| . . O |
| The DT B-NP |
| rumor NN I-NP |
| also NN I-NP |
| was VBD B-VP |
| accompanied VBN I-VP |
| by IN B-PP |
| talk NN B-NP |
| the DT B-NP |
| financial JJ I-NP |
| services NNS I-NP |
| firm IN B-PP |
| would JJ B-NP |
| split NN I-NP |
| its NNS I-NP |
| stock IN B-PP |
| and CC O |
| boost JJ B-NP |
| its NNS I-NP |
| dividend VBD B-VP |
| . . O |
| American RB O |
| Express VBZ B-VP |
| closed VBN I-VP |
| on IN B-PP |
| the DT B-NP |
| New JJ I-NP |
| York NNP I-NP |
| Stock NNP I-NP |
| Exchange VBD B-VP |
| at IN B-PP |
| 72-5/8 CD B-NP |
| , , O |
| up IN B-PP |
| 4-1/8 NN B-NP |
| on IN B-PP |
| heavy NN B-NP |
| volume default I-NP |
| . . B-ADVP |
| American RB B-ADJP |
| Express JJ I-ADJP |
| would VBD B-VP |
| not IN B-PP |
| comment NN B-NP |
| on IN B-PP |
| the DT B-NP |
| rumors NN I-NP |
| or IN B-PP |
| its NNS B-NP |
| stock NN I-NP |
| activity NN I-NP |
| . . O |
| Analysts NNS B-NP |
| said VBD B-VP |
| comments VBN I-VP |
| by IN B-PP |
| the DT B-NP |
| company NN I-NP |
| at IN B-PP |
| an DT B-NP |
| analysts' NN I-NP |
| meeting VBG B-VP |
| Tuesday default B-NP |
| helped VBN I-NP |
| fuel JJ B-NP |
| the DT I-NP |
| rumors NN I-NP |
| as IN B-PP |
| did NN B-NP |
| an DT B-NP |
| announcement JJ I-NP |
| yesterday NN I-NP |
| of IN B-PP |
| management JJ B-NP |
| changes NNS I-NP |
| . . O |
| At RB O |
| the DT B-NP |
| meeting VBG I-NP |
| , , I-NP |
| company NN I-NP |
| officials IN B-NP |
| said VBD B-VP |
| American RB B-NP |
| Express JJ I-NP |
| stock NN I-NP |
| is VBZ B-VP |
| undervalued VBN I-VP |
| and CC O |
| does NNS B-VP |
| not NN B-NP |
| fully NN I-NP |
| reflect NN B-VP |
| the DT B-NP |
| performance NN I-NP |
| of IN B-PP |
| Shearson NNP B-NP |
| , , O |
| according IN B-PP |
| to TO B-PP |
| analysts NNS B-NP |
| . . O |
| Yesterday NNP B-NP |
| , , O |
| Shearson NNP B-NP |
| said VBD B-VP |
| it PRP B-NP |
| was VBD B-VP |
| elevating VBG I-VP |
| its NNS B-NP |
| chief NNP I-NP |
| operating VBG I-NP |
| officer IN I-NP |
| , , O |
| Jeffery NNP B-NP |
| Lane NNP I-NP |
| , , O |
| to TO B-PP |
| the DT B-NP |
| added JJ I-NP |
| position NN I-NP |
| of IN B-PP |
| president NN B-NP |
| , , O |
| which IN B-NP |
| had VBD B-VP |
| been VBN I-VP |
| vacant NN B-NP |
| . . O |
| It PRP B-NP |
| also RB I-VP |
| created VBN I-VP |
| four IN B-PP |
| new JJ B-NP |
| positions NNS I-NP |
| for IN B-PP |
| chairmen NN B-NP |
| of IN B-PP |
| its NNS B-NP |
| operating VBG I-NP |
| divisions NNS I-NP |
| . . O |
| Analysts NNS B-NP |
| speculated VBD B-VP |
| a DT B-NP |
| partial JJ I-NP |
| spinoff NNP I-NP |
| would VBD B-VP |
| make NN B-NP |
| most NN I-NP |
| sense NNS I-NP |
| , , O |
| contrary JJ B-ADJP |
| to TO B-PP |
| one CD B-NP |
| variation NN I-NP |
| on IN B-PP |
| market JJ B-NP |
| rumors NN I-NP |
| of IN B-PP |
| a DT B-NP |
| total JJ I-NP |
| spinoff NNP I-NP |
| . . O |
| Some DT B-NP |
| analysts NNS I-NP |
| , , O |
| however NNS B-NP |
| , , O |
| disagreed VBD B-VP |
| that IN B-PP |
| any JJ B-NP |
| spinoff NN I-NP |
| of IN B-PP |
| Shearson NNP B-NP |
| would VBD B-VP |
| be VB I-VP |
| good NN B-NP |
| since IN B-SBAR |
| it PRP B-NP |
| is VBZ B-VP |
| a DT B-NP |
| strong VBG I-NP |
| profit NN I-NP |
| center NN I-NP |
| for IN B-PP |
| American NNP B-NP |
| Express NNS I-NP |
| , , O |
| contributing VBG B-VP |
| about IN B-NP |
| 20 CD I-NP |
| pct NN I-NP |
| of IN B-PP |
| earnings NNS B-NP |
| last JJ B-NP |
| year NN I-NP |
| . . O |
| " NN B-NP |
| I IN B-PP |
| think NN B-NP |
| it PRP B-NP |
| is VBZ B-VP |
| highly RB O |
| unlikely JJ B-NP |
| that NN I-NP |
| American RB B-NP |
| Express JJ I-NP |
| is VBZ B-VP |
| going VBG I-VP |
| to TO B-PP |
| sell JJ B-NP |
| shearson NN I-NP |
| , , O |
| " IN B-NP |
| said VBD B-VP |
| Perrin CD B-NP |
| Long VBG I-NP |
| of IN B-PP |
| Lipper NNP B-NP |
| Analytical default I-NP |
| . . O |
| He JJ I-VP |
| questioned VBD I-VP |
| what IN B-NP |
| would VBN B-VP |
| be VB I-VP |
| a DT B-NP |
| better NN I-NP |
| investment NN I-NP |
| than NN I-NP |
| " RB B-NP |
| a DT I-NP |
| very NN I-NP |
| profitable NN I-NP |
| securities NNS I-NP |
| firm IN B-PP |
| . . B-NP |
| " NN I-NP |
| Several JJ I-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| American RB B-ADJP |
| Express JJ I-ADJP |
| is VBZ B-VP |
| not RB O |
| in IN B-PP |
| need JJ B-NP |
| of IN B-PP |
| cash NNP B-NP |
| , , O |
| which IN B-PP |
| might NN B-NP |
| be VB B-VP |
| the DT B-NP |
| only JJ I-NP |
| reason NN I-NP |
| to TO B-VP |
| sell JJ I-VP |
| a DT B-NP |
| part NN I-NP |
| of IN B-PP |
| a DT B-NP |
| strong NN I-NP |
| asset IN B-PP |
| . . B-NP |
| But JJ I-NP |
| others NNS I-NP |
| believe VBP B-VP |
| the DT B-NP |
| company NN I-NP |
| could VBN B-VP |
| very JJ B-ADVP |
| well RB B-ADVP |
| of IN B-ADVP |
| considered VBD B-VP |
| the DT B-NP |
| option NN I-NP |
| of IN B-PP |
| spinning VBG B-VP |
| out JJ B-NP |
| part NN I-NP |
| of IN B-PP |
| Shearson NNP B-NP |
| , , O |
| and CC O |
| one JJ B-NP |
| rumor NN I-NP |
| suggests NNS I-NP |
| selling VBG B-VP |
| about IN B-NP |
| 20 CD I-NP |
| pct NN I-NP |
| of IN B-PP |
| it PRP B-NP |
| in IN B-PP |
| the DT B-NP |
| market NN I-NP |
| . . O |
| Larry JJ O |
| Eckenfelder . O |
| of IN B-PP |
| Prudential-Bache DT B-NP |
| Securities NNS I-NP |
| said VBD B-VP |
| he DT B-NP |
| believes NN I-NP |
| American RB B-VP |
| Express VBN I-VP |
| could VBN I-VP |
| have VBP B-VP |
| considered VBN I-VP |
| a DT B-NP |
| partial JJ I-NP |
| spinoff NN I-NP |
| in IN B-PP |
| the DT B-NP |
| past NN I-NP |
| . . O |
| " IN B-PP |
| Shearson NNP B-NP |
| being NN I-NP |
| as IN B-PP |
| profitable NN B-NP |
| as IN B-SBAR |
| it PRP B-NP |
| is VBZ B-VP |
| would VBD I-VP |
| have VBP I-VP |
| fetched VBN I-VP |
| a DT B-NP |
| big NN I-NP |
| premium NN I-NP |
| in IN B-PP |
| the DT B-NP |
| market NN I-NP |
| place. NN I-NP |
| Shearson's NNP I-NP |
| book NN I-NP |
| value NN I-NP |
| is VBZ B-VP |
| in IN B-PP |
| the DT B-NP |
| 1.4 CD I-NP |
| mln NN I-NP |
| dlr IN B-PP |
| range NN B-NP |
| . . O |
| Shearson NNP O |
| in IN B-PP |
| the DT B-NP |
| market NN I-NP |
| place NN I-NP |
| would MD B-VP |
| probably RB I-VP |
| be VB I-VP |
| worth RB B-ADVP |
| three DT B-NP |
| to TO I-NP |
| 3.5 CD I-NP |
| bilion NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| terms NN B-NP |
| of IN B-PP |
| market JJ B-NP |
| capitalization NN I-NP |
| , , O |
| " IN B-NP |
| said VBD B-VP |
| Eckenfelder CD B-NP |
| . . O |
| Some DT B-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| American RB B-NP |
| Express JJ I-NP |
| could VBN B-VP |
| use IN B-PP |
| capital JJ B-NP |
| since NN I-NP |
| it PRP B-NP |
| plans VBD B-VP |
| to TO I-VP |
| expand NNS B-NP |
| globally JJ B-ADJP |
| . . O |
| " NNS B-VP |
| They NNP B-NP |
| have VBP B-VP |
| enormous NNS B-NP |
| internal JJ B-NP |
| growth NNS I-NP |
| plans NNS I-NP |
| that IN B-PP |
| takes NNS B-NP |
| capital JJ B-ADJP |
| . . O |
| You NNP B-NP |
| want NN I-NP |
| your NN I-NP |
| stock RB B-ADVP |
| to TO B-PP |
| reflect JJ B-NP |
| realistic NN I-NP |
| valuations NNS I-NP |
| to TO B-PP |
| enhance JJ B-NP |
| your NN I-NP |
| ability NN I-NP |
| to TO B-PP |
| make JJ B-NP |
| all DT I-NP |
| kinds NN I-NP |
| of IN B-PP |
| endeavors NNS B-NP |
| down IN B-PP |
| the DT B-NP |
| road NN I-NP |
| , , O |
| " IN B-NP |
| said VBD B-VP |
| E.F. CD B-NP |
| Hutton NNP I-NP |
| Group NNP I-NP |
| analyst IN B-PP |
| Michael default B-NP |
| Lewis default I-NP |
| . . B-NP |
| " NN I-NP |
| They've DT B-NP |
| outlined VBD B-VP |
| the DT B-NP |
| fact NN I-NP |
| that IN B-SBAR |
| they're DT B-NP |
| investing VBG I-NP |
| heavily NN I-NP |
| in IN B-PP |
| the DT B-NP |
| future NNS I-NP |
| , , O |
| which IN B-PP |
| goes NNS B-NP |
| heavily NN I-NP |
| into IN B-PP |
| the DT B-NP |
| international JJ I-NP |
| arena, NN I-NP |
| " NN I-NP |
| said VBD B-VP |
| Lewis CD B-NP |
| . . O |
| " default B-VP |
| . . I-VP |
| ..That . O |
| does NNS B-VP |
| not NN B-NP |
| preclude NN I-NP |
| acquisitions NNS I-NP |
| and CC O |
| divestitures NNS B-NP |
| along IN B-PP |
| the DT B-NP |
| way NN I-NP |
| , , O |
| " IN B-PP |
| he DT B-NP |
| said VBD I-NP |
| . . O |
| Lewis VBZ O |
| said VBD B-VP |
| if CD B-NP |
| American RB I-NP |
| Express JJ I-NP |
| reduced VBN I-NP |
| its NNS I-NP |
| exposure NN I-NP |
| to TO B-PP |
| the DT B-NP |
| brokerage NN I-NP |
| business NNS I-NP |
| by IN B-PP |
| selling VBG B-VP |
| part NN B-NP |
| of IN B-PP |
| shearson NN B-NP |
| , , O |
| its NNS B-NP |
| stock NN I-NP |
| might NN I-NP |
| better IN B-PP |
| reflect NN B-NP |
| other IN B-PP |
| assets NNS B-NP |
| , , O |
| such NNS B-NP |
| as IN B-PP |
| the DT B-NP |
| travel NN I-NP |
| related VBN I-NP |
| services NNS I-NP |
| business NNS I-NP |
| . . O |
| " NN B-VP |
| It PRP B-NP |
| could VBD B-VP |
| find CD B-NP |
| its NNS I-NP |
| true VBD B-VP |
| water IN B-PP |
| mark NN B-NP |
| with IN B-PP |
| a DT B-NP |
| lesser JJ I-NP |
| exposure NN I-NP |
| to TO B-VP |
| brokerage VB I-VP |
| . . O |
| The DT B-NP |
| value NN I-NP |
| of IN B-PP |
| the DT B-NP |
| other NN I-NP |
| components NNP-named I-NP |
| could VBN B-VP |
| command VBN I-VP |
| a DT B-NP |
| higher NN I-NP |
| multiple WRB B-ADVP |
| because NN B-NP |
| they NN I-NP |
| constitute VBD B-VP |
| a DT B-NP |
| higher NN I-NP |
| percentage NN I-NP |
| of IN B-PP |
| the DT B-NP |
| total NN I-NP |
| operating IN B-PP |
| earnings NNS B-NP |
| of IN B-PP |
| the DT B-NP |
| company NN I-NP |
| , , O |
| " IN B-PP |
| he DT B-NP |
| said VBD I-NP |
| . . O |
| Lewis VBZ O |
| said VBD B-VP |
| Shearson CD B-NP |
| contributed VBN B-VP |
| 316 CD B-NP |
| mln NN I-NP |
| in IN B-PP |
| after-tax JJ B-NP |
| operating VBG I-NP |
| earnings NNS I-NP |
| , , O |
| up NNS B-NP |
| from IN B-PP |
| about NN B-NP |
| 200 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| 1985 default B-NP |
| . . O |
| Reuter IN B-PP |
|  CD B-NP |
| Coleco NNP I-NP |
| Industries NNP I-NP |
| Inc NNP I-NP |
| said VBD B-VP |
| it PRP B-NP |
| expects NNS B-VP |
| to TO B-NP |
| return JJ I-VP |
| to TO B-PP |
| profitability NN B-NP |
| in IN B-PP |
| 1987 default B-NP |
| . . O |
| Earlier NNP B-NP |
| , , O |
| Coleco NNP B-NP |
| reported VBN B-VP |
| a DT B-NP |
| net JJ I-NP |
| loss CD I-NP |
| of IN B-PP |
| 111.2 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| for IN B-PP |
| the DT B-NP |
| year NN I-NP |
| ended VBN B-VP |
| December IN B-PP |
| 31 CD B-NP |
| compared VBN B-VP |
| to TO B-PP |
| a DT B-NP |
| profit NN I-NP |
| of IN B-PP |
| 64.2 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| the DT B-NP |
| year NN I-NP |
| earlier IN B-PP |
| . . B-NP |
| In IN B-PP |
| a DT B-NP |
| prepared JJ I-NP |
| statement NN I-NP |
| , , O |
| the DT B-NP |
| company NN I-NP |
| said VBD B-VP |
| the DT B-NP |
| dramatic NN I-NP |
| swing IN B-PP |
| in IN B-PP |
| operating VBG B-NP |
| results NNS I-NP |
| was VBD B-VP |
| due JJ B-NP |
| primarily NN I-NP |
| to TO B-PP |
| the DT B-NP |
| steep NN I-NP |
| decline NN I-NP |
| in IN B-PP |
| sales NNS B-NP |
| of IN B-PP |
| Cabbage JJ B-NP |
| Patch NNP I-NP |
| Kids NNP I-NP |
| products NNS I-NP |
| from IN B-PP |
| 600 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| to TO B-PP |
| 230 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| . . O |
| Coleco NNP B-NP |
| said VBD B-VP |
| it PRP B-NP |
| changed VBD B-VP |
| from VBN I-VP |
| a DT B-NP |
| single JJ I-NP |
| product NN I-NP |
| company NN I-NP |
| to TO B-PP |
| a DT B-NP |
| more JJ I-NP |
| diversified CD I-NP |
| organization NN I-NP |
| through IN B-PP |
| four JJ B-NP |
| major NN I-NP |
| acquisitions NNS I-NP |
| last JJ B-NP |
| year NN I-NP |
| . . O |
| Products NNS B-NP |
| from IN B-PP |
| the DT B-NP |
| new NN I-NP |
| acquisitions NNS I-NP |
| and CC O |
| other VB B-VP |
| new RB B-NP |
| product NN I-NP |
| introductions NNS I-NP |
| are VBP B-VP |
| expected VBN I-VP |
| to TO I-VP |
| enable NNS B-NP |
| it PRP B-NP |
| to TO B-VP |
| return JJ B-NP |
| to TO B-PP |
| profitability NN B-NP |
| , , O |
| it PRP B-NP |
| said VBD B-VP |
| . . O |
| At RB O |
| the DT B-NP |
| annual JJ I-NP |
| Toy NNP I-NP |
| Fair NNP I-NP |
| earlier IN B-PP |
| this DT B-NP |
| month JJ I-NP |
| , , I-NP |
| vice JJ I-NP |
| president NN I-NP |
| Morton NNP I-NP |
| Handel NNP I-NP |
| said VBD B-VP |
| analysts' CD B-NP |
| 1987 NN I-NP |
| projected VBN I-NP |
| earnings NNS I-NP |
| of IN B-PP |
| 90 CD B-NP |
| cts NNS I-NP |
| a DT B-NP |
| share NN I-NP |
| on IN B-PP |
| sales NNS B-NP |
| of IN B-PP |
| 600 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| are VBP B-VP |
| reasonable NN B-NP |
| . . O |
| Venezuela NNP-5 B-NP |
| is VBZ B-VP |
| seeking VBG I-VP |
| a DT B-NP |
| 'constructive JJ I-NP |
| and CC I-NP |
| flexible' NNS I-NP |
| attitude IN B-PP |
| from JJ B-NP |
| its NNS I-NP |
| creditor NN I-NP |
| banks NNS I-NP |
| in IN B-PP |
| current JJ B-NP |
| talks NNS I-NP |
| to TO B-PP |
| reschedule JJ B-NP |
| 21 CD I-NP |
| billion NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| foreign NN B-NP |
| debt VBN B-VP |
| , , O |
| finance JJ B-NP |
| minister NN I-NP |
| manuel JJ I-NP |
| azpurua NN I-NP |
| told VBN B-VP |
| a DT B-NP |
| press NN I-NP |
| conference. NN I-NP |
| He NNP I-NP |
| declined VBD B-VP |
| to TO B-PP |
| comment NN B-NP |
| on IN B-PP |
| meetings NNS B-NP |
| this DT B-NP |
| week NN I-NP |
| in IN B-PP |
| new JJ B-NP |
| york NN I-NP |
| between VBN B-VP |
| public IN B-PP |
| finances NNS B-NP |
| director IN B-PP |
| jorge JJ B-NP |
| marcano NN I-NP |
| and CC O |
| venezuela's VBN B-NP |
| 13-bank NN I-NP |
| advisory NN I-NP |
| committee NNP-named I-NP |
| except NN I-NP |
| to TO B-PP |
| say NN B-NP |
| , , O |
| " IN B-PP |
| they NN B-NP |
| are VBP B-VP |
| progressing NNS B-NP |
| . . O |
| " NNP B-NP |
| Azpurua NNP I-NP |
| said VBD B-VP |
| venezuela NN B-NP |
| has NNS I-NP |
| shown IN B-PP |
| solidarity JJ B-NP |
| with IN B-PP |
| brazil's NNS B-NP |
| decision VBD B-VP |
| to TO B-PP |
| suspend CD B-NP |
| payments NNS I-NP |
| , , O |
| but NNS B-NP |
| each IN B-PP |
| country NN B-NP |
| must VBZ B-VP |
| negotiate RB I-VP |
| according VBG I-VP |
| to TO B-PP |
| its NNS B-NP |
| own JJ I-NP |
| interest NN I-NP |
| . . O |
| Asked VBD B-VP |
| to TO B-PP |
| comment NN B-NP |
| on IN B-PP |
| chile's NN B-NP |
| agreement NN I-NP |
| with IN B-PP |
| its NNS B-NP |
| creditors NN I-NP |
| today NN I-NP |
| , , O |
| which IN B-PP |
| includes NNS B-NP |
| an DT B-NP |
| interest JJ I-NP |
| rate NN I-NP |
| margin NN I-NP |
| of IN B-PP |
| one CD B-NP |
| pct NN I-NP |
| over IN B-PP |
| libor JJ B-NP |
| , , O |
| azpurua NNP B-NP |
| said VBD B-VP |
| only NN B-NP |
| , , O |
| " IN B-SBAR |
| that NN B-NP |
| is VBZ B-VP |
| good JJ B-NP |
| news NNS I-NP |
| . . O |
| " NNS B-NP |
| According VBG B-VP |
| to TO B-PP |
| banking VBG B-NP |
| sources NNS I-NP |
| , , O |
| the DT B-NP |
| banks' NN I-NP |
| latest NN I-NP |
| offer IN B-PP |
| to TO B-PP |
| venezuela CD B-NP |
| is VBZ B-VP |
| also RB B-ADVP |
| a DT B-NP |
| one JJ I-NP |
| pct NN I-NP |
| margin JJ I-NP |
| as IN B-PP |
| against NN B-NP |
| the DT B-NP |
| last JJ I-NP |
| february's NN I-NP |
| 1-1/8 CD B-NP |
| pct NN I-NP |
| rescheduling VBG I-NP |
| accord NNS I-NP |
| and CC O |
| the DT B-NP |
| 7/8 NN I-NP |
| pct NN I-NP |
| Venezuela NNP I-NP |
| wants NNS I-NP |
| . . O |
| Azpurua NNP B-NP |
| said VBD B-VP |
| four NN B-NP |
| basic NN I-NP |
| elements NNS I-NP |
| are VBP B-VP |
| being VBN I-VP |
| negotiated VBN I-VP |
| with IN B-PP |
| the DT B-NP |
| banks NNS I-NP |
| now: NN I-NP |
| spread VBD B-VP |
| reduction VBN I-VP |
| , , O |
| deferral JJ B-ADJP |
| of IN B-PP |
| principal JJ B-NP |
| payments NNS I-NP |
| due NNS I-NP |
| in IN B-PP |
| 1987 CD B-NP |
| and CC I-NP |
| 1988 CD I-NP |
| , , O |
| lenghtening VBG B-VP |
| the DT B-NP |
| 12-1/2 CD I-NP |
| year NN I-NP |
| repayment NN I-NP |
| schedule NN I-NP |
| , , O |
| and CC O |
| debt VBN B-VP |
| capitalization IN B-PP |
| schemes NNS B-NP |
| . . O |
| Azpurua NNP B-NP |
| said VBD B-VP |
| the DT B-NP |
| governent NN I-NP |
| plans NN I-NP |
| to TO B-PP |
| pay NN B-NP |
| 2.1 CD I-NP |
| billion NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| public NNP B-NP |
| and CC O |
| private JJ B-NP |
| debt NN I-NP |
| principal NN I-NP |
| this DT B-NP |
| year NN I-NP |
| . . O |
| It PRP B-NP |
| was VBD B-VP |
| due VBD I-VP |
| to TO I-VP |
| amortize VB I-VP |
| 1.05 CD B-NP |
| billion NN I-NP |
| dlrs NN I-NP |
| under IN B-PP |
| the DT B-NP |
| rescheduling NN I-NP |
| , , O |
| and CC O |
| pay NN B-NP |
| 420 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| non-restructured JJ B-NP |
| principal NN I-NP |
| , , O |
| both IN B-PP |
| public JJ B-NP |
| sector NN I-NP |
| . . O |
| He NNP B-NP |
| said VBD B-VP |
| venezuela's CD B-NP |
| original JJ I-NP |
| proposal NN I-NP |
| was VBD B-VP |
| to TO B-PP |
| pay NN B-NP |
| no RB I-NP |
| principal JJ I-NP |
| on IN B-PP |
| restructured JJ B-NP |
| debt NN I-NP |
| this DT B-NP |
| year NN I-NP |
| , , O |
| but IN B-NP |
| is VBZ B-VP |
| now RB I-VP |
| insisting VBG I-VP |
| that IN B-SBAR |
| if NNP B-NP |
| it PRP B-NP |
| makes VBZ B-VP |
| payments NNS B-NP |
| they IN B-PP |
| be VB B-NP |
| compensated VBN B-VP |
| by IN B-PP |
| new JJ B-NP |
| bank NN I-NP |
| loans NNS I-NP |
| . . O |
| The DT B-NP |
| banking VBG I-NP |
| sources NNS I-NP |
| said VBD B-VP |
| the DT B-NP |
| committee NN I-NP |
| has NNS B-VP |
| been VBN I-VP |
| prepared VBN I-VP |
| to TO I-VP |
| lower VB I-VP |
| amortizations VBN I-VP |
| to TO B-PP |
| around IN B-NP |
| 400 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| this IN B-PP |
| year NN B-NP |
| , , O |
| but IN B-PP |
| that NN B-NP |
| no RB B-NP |
| direct JJ I-NP |
| commitment NN I-NP |
| was VBD B-VP |
| likely JJ B-ADJP |
| on IN B-PP |
| new JJ B-NP |
| loans NNS I-NP |
| . . O |
| " CD B-NP |
| debtors NNS I-NP |
| and CC I-NP |
| bank NNS I-NP |
| creditors NN I-NP |
| have VBP B-VP |
| a DT B-NP |
| joint JJ I-NP |
| responsibility NN I-NP |
| and CC O |
| there DT B-NP |
| will MD B-VP |
| be VB I-VP |
| no RB I-VP |
| lasting VBG I-VP |
| solution NN B-NP |
| unless NNS I-NP |
| a DT B-NP |
| positive JJ I-NP |
| flow NN I-NP |
| of IN B-PP |
| financing VBG B-NP |
| is VBZ B-VP |
| guaranteed NNS B-NP |
| , , O |
| " NNS B-NP |
| azpurua DT B-NP |
| said VBD B-VP |
| . . O |
| However IN B-ADVP |
| , , O |
| he NNS B-NP |
| appeared VBD B-VP |
| to TO I-VP |
| discard VB I-VP |
| earlier JJ B-NP |
| venezuelan NN I-NP |
| proposals NN I-NP |
| for IN B-PP |
| a DT B-NP |
| direct NN I-NP |
| link NN I-NP |
| between VBN B-VP |
| oil JJ B-NP |
| income NN I-NP |
| and CC O |
| debt VBN B-NP |
| payments NNS I-NP |
| , , O |
| "because NNS B-NP |
| circumstances NNS I-NP |
| change VBD B-VP |
| too RB B-ADJP |
| quickly JJ I-ADJP |
| . . O |
| " NNS B-VP |
| At RB B-ADVP |
| the DT B-NP |
| same JJ I-NP |
| time NN I-NP |
| , , O |
| he NN B-NP |
| said VBD B-VP |
| the DT B-NP |
| government NN I-NP |
| is VBZ B-VP |
| presently RB I-VP |
| studying VBG I-VP |
| possible JJ B-NP |
| mechanisms NNS I-NP |
| for IN B-PP |
| capitlizing VBG B-VP |
| public NN B-NP |
| and CC O |
| private RB B-NP |
| sector JJ I-NP |
| foreign NNS I-NP |
| debt VBD B-VP |
| , , O |
| based NNS B-NP |
| on IN B-PP |
| experience NN B-NP |
| in IN B-PP |
| other JJ B-NP |
| countries NNS I-NP |
| . . O |
| The DT B-NP |
| rules NN I-NP |
| would MD B-VP |
| be VB I-VP |
| published VBN I-VP |
| by IN B-PP |
| the DT B-NP |
| finance JJ I-NP |
| ministry NN I-NP |
| and CC O |
| the DT B-NP |
| central JJ I-NP |
| bank NN I-NP |
| . . O |
| Thomson NNP B-NP |
| McKinnon NNP I-NP |
| Mortgage NNP I-NP |
| Assets NNS I-NP |
| Corp NNP I-NP |
| , , O |
| a DT B-NP |
| unit NN I-NP |
| of IN B-PP |
| Thomson NNP B-NP |
| McKinnon NNP I-NP |
| Inc NNP I-NP |
| , , O |
| is VBZ B-VP |
| offering IN B-NP |
| 100 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| of IN B-PP |
| collateralized VBN B-NP |
| mortgage NN I-NP |
| obligations NNS I-NP |
| in IN B-PP |
| three DT B-NP |
| tranches NNS I-NP |
| that IN B-PP |
| include JJ B-NP |
| floating NN I-NP |
| rate NN I-NP |
| and CC O |
| inverse RB B-VP |
| floating VBG I-VP |
| rate JJ B-NP |
| CMOS NNP I-NP |
| . . O |
| The DT B-NP |
| floating VBG I-NP |
| rate NN I-NP |
| class NN I-NP |
| amounts NNS I-NP |
| to TO B-PP |
| 60 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| . . O |
| It PRP B-NP |
| has VBZ B-VP |
| an DT B-NP |
| average JJ I-NP |
| life NN I-NP |
| of IN B-PP |
| 7.11 CD B-NP |
| years NNS I-NP |
| and CC O |
| matures NNS B-NP |
| 2018. CD B-PP |
| The DT B-NP |
| CMOs JJ I-NP |
| have NN I-NP |
| an DT B-NP |
| initial JJ I-NP |
| coupon NN I-NP |
| of IN B-PP |
| 7.0375 CD B-NP |
| pct NN I-NP |
| , , O |
| which IN B-NP |
| will MD B-VP |
| be VB I-VP |
| reset NN B-NP |
| 60 CD I-NP |
| basis NNS I-NP |
| points NNS I-NP |
| above VBP B-VP |
| LIBOR VBN I-VP |
| , , O |
| said VBD B-VP |
| sole CD B-NP |
| manager NN I-NP |
| Thomson NNP I-NP |
| McKinnon NNP I-NP |
| . . O |
| The DT B-NP |
| inverse JJ I-NP |
| floater NN I-NP |
| totals IN B-PP |
| 4.8 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| . . O |
| It PRP B-NP |
| has VBZ B-VP |
| an DT B-NP |
| average JJ I-NP |
| life NN I-NP |
| of IN B-PP |
| 13.49 CD B-NP |
| years NNS I-NP |
| and CC O |
| matures NNS B-NP |
| 2018. CD B-NP |
| These NNP I-NP |
| CMOs NNS I-NP |
| were VBD B-VP |
| given JJ I-VP |
| an DT B-NP |
| initial JJ I-NP |
| coupon NN I-NP |
| of IN B-PP |
| 11-1/2 CD B-NP |
| pct NN I-NP |
| and CC O |
| priced VBN B-VP |
| at IN B-PP |
| 104.40. CD B-NP |
| Subsequent JJ I-NP |
| rates NNS I-NP |
| on IN B-PP |
| the DT B-NP |
| inverse NN I-NP |
| floater IN B-PP |
| will DT B-NP |
| equal JJ I-NP |
| 11-1/2 CD I-NP |
| pct NN I-NP |
| minus VBZ B-VP |
| the DT B-NP |
| product NN I-NP |
| of IN B-PP |
| three DT B-NP |
| times NNS I-NP |
| (LIBOR NNP I-NP |
| minus NNS I-NP |
| 6-1/2 CD B-NP |
| pct) NNS I-NP |
| . . O |
| A RB O |
| Thomson NNP B-NP |
| officer IN I-PRT |
| explained VBN B-VP |
| that IN B-PP |
| the DT B-NP |
| coupon NN I-NP |
| of IN B-PP |
| the DT B-NP |
| inverse NN I-NP |
| floating IN B-PP |
| rate JJ B-NP |
| tranche NN I-NP |
| would VBN B-VP |
| increase IN B-PP |
| if NNP B-NP |
| LIBOR default I-NP |
| declined VBD B-VP |
| . . O |
| " NN B-VP |
| The DT B-NP |
| yield JJ I-NP |
| floats NN I-NP |
| opposite NN I-NP |
| of IN B-PP |
| LIBOR NNP B-NP |
| , , O |
| " CD B-NP |
| he NN I-NP |
| said VBD B-VP |
| . . O |
| The DT B-NP |
| fixed-rate JJ I-NP |
| tranche NN I-NP |
| totals NNS I-NP |
| 35.2 IN B-PP |
| mln NN B-NP |
| dlrs NN I-NP |
| . . O |
| It PRP B-NP |
| has VBZ B-VP |
| an DT B-NP |
| average JJ I-NP |
| life NN I-NP |
| of IN B-PP |
| 3.5 CD B-NP |
| years NNS I-NP |
| and CC O |
| matures NNS B-NP |
| 2016. CD B-PP |
| The DT B-NP |
| CMOs JJ I-NP |
| were NN I-NP |
| assigned VBN B-VP |
| a DT B-NP |
| 7.65 NN I-NP |
| pct NN I-NP |
| coupon NN I-NP |
| and CC O |
| par RB B-VP |
| pricing VBG I-VP |
| . . B-PP |
| The DT B-NP |
| issue NN I-NP |
| is VBZ B-VP |
| rated VBN I-VP |
| AAA RB B-ADVP |
| by IN B-PP |
| Standard NNP B-NP |
| and CC I-NP |
| Poor's NNP I-NP |
| and CC O |
| secured JJ B-ADVP |
| by IN B-SBAR |
| Federal JJ B-NP |
| Home . I-NP |
| Loan NNP I-NP |
| Mortgage NNP I-NP |
| Corp NNP I-NP |
| , , O |
| Freddie NNP B-NP |
| Mac NNP I-NP |
| , , O |
| certificates NNS B-NP |
| . . O |
| OPEC NNP B-NP |
| may NN I-NP |
| be VB B-VP |
| forced VBD I-VP |
| to TO B-PP |
| meet NN B-NP |
| before NN I-NP |
| a DT B-NP |
| scheduled JJ I-NP |
| June CD I-NP |
| session NN I-NP |
| to TO B-PP |
| readdress JJ B-NP |
| its NNS I-NP |
| production NN I-NP |
| cutting VBG I-NP |
| agreement NN I-NP |
| if IN B-SBAR |
| the DT B-NP |
| organization NN I-NP |
| wants NNS B-VP |
| to TO I-VP |
| halt VB I-VP |
| the DT B-NP |
| current NN I-NP |
| slide NN I-NP |
| in IN B-PP |
| oil JJ B-NP |
| prices NNS I-NP |
| , , O |
| oil JJ B-NP |
| industry NN I-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| . . O |
| " NN B-VP |
| The DT B-NP |
| movement NN I-NP |
| to TO B-VP |
| higher VB I-VP |
| oil JJ B-NP |
| prices NNS I-NP |
| was VBD B-VP |
| never IN B-ADVP |
| to TO B-VP |
| be VB I-VP |
| as IN B-PP |
| easy NN B-NP |
| as IN B-PP |
| OPEC NNP B-NP |
| thought IN B-PP |
| . . B-NP |
| They NNP I-NP |
| may NN I-NP |
| need VBD B-VP |
| an DT B-NP |
| emergency NN I-NP |
| meeting VBG B-VP |
| to TO B-PP |
| sort NN B-NP |
| out IN B-PP |
| the DT B-NP |
| problems NN I-NP |
| , , O |
| " IN B-NP |
| said VBD B-VP |
| Daniel CD B-NP |
| Yergin NNP I-NP |
| , , O |
| director IN B-PP |
| of IN B-PP |
| Cambridge JJ B-NP |
| Energy NNP I-NP |
| Research NNP I-NP |
| Associates NNS I-NP |
| , , O |
| CERA NNP B-NP |
| . . O |
| Analysts NNS B-NP |
| and CC O |
| oil JJ B-NP |
| industry NN I-NP |
| sources NNS I-NP |
| said VBD B-VP |
| the DT B-NP |
| problem NN I-NP |
| OPEC IN B-PP |
| faces NNS B-NP |
| is VBZ B-VP |
| excess NNS B-NP |
| oil JJ B-ADJP |
| supply RB B-ADVP |
| in IN B-PP |
| world JJ B-NP |
| oil NNS I-NP |
| markets NNS I-NP |
| . . O |
| " NN B-NP |
| OPEC's NNS I-NP |
| problem NN I-NP |
| is VBZ B-VP |
| not RB O |
| a DT B-NP |
| price NN I-NP |
| problem NN I-NP |
| but NN B-VP |
| a DT B-NP |
| production NN I-NP |
| issue NNS I-NP |
| and CC O |
| must JJ B-VP |
| be VB I-VP |
| addressed VBN I-VP |
| in IN B-PP |
| that DT B-NP |
| way NN I-NP |
| , , O |
| " IN B-NP |
| said VBD B-VP |
| Paul default B-NP |
| Mlotok NNP I-NP |
| , , O |
| oil JJ B-NP |
| analyst NN I-NP |
| with IN B-PP |
| Salomon NNP B-NP |
| Brothers NNS I-NP |
| Inc NNP I-NP |
| . . O |
| He JJ O |
| said VBD B-VP |
| the DT B-NP |
| market's NN I-NP |
| earlier IN B-PP |
| optimism JJ B-NP |
| about NN I-NP |
| OPEC NNS I-NP |
| and CC O |
| its NNS B-NP |
| ability NN I-NP |
| to TO B-PP |
| keep CD B-NP |
| production NN I-NP |
| under IN B-PP |
| control JJ B-NP |
| have NN I-NP |
| given NNS I-NP |
| way NN B-ADJP |
| to TO B-PP |
| a DT B-NP |
| pessimistic NN I-NP |
| outlook NN I-NP |
| that IN B-PP |
| the DT B-NP |
| organization NN I-NP |
| must NN I-NP |
| address NNS I-NP |
| soon IN B-PP |
| if NNP B-NP |
| it PRP B-NP |
| wishes VBD B-VP |
| to TO B-PP |
| regain JJ B-NP |
| the DT I-NP |
| initiative JJ I-NP |
| in IN B-PP |
| oil JJ B-NP |
| prices NNS I-NP |
| . . O |
| But JJ B-NP |
| some NN I-NP |
| other IN B-PP |
| analysts NNS B-NP |
| were VBD B-VP |
| uncertain RB B-ADJP |
| that IN B-PP |
| even VBN B-NP |
| an DT B-NP |
| emergency NN I-NP |
| meeting VBG B-VP |
| would JJ B-NP |
| address NNS I-NP |
| the DT B-NP |
| problem NN I-NP |
| of IN B-PP |
| OPEC NNP B-NP |
| production NN I-NP |
| above IN B-PP |
| the DT B-NP |
| 15.8 CD I-NP |
| mln NN I-NP |
| bpd NNS I-NP |
| quota IN B-PP |
| set NN B-NP |
| last JJ B-NP |
| December NNP I-NP |
| . . O |
| " IN B-SBAR |
| OPEC NNP B-NP |
| has NNS I-NP |
| to TO B-PP |
| learn JJ B-NP |
| that NN I-NP |
| in IN B-PP |
| a DT B-NP |
| buyers NNS I-NP |
| market NN I-NP |
| you IN B-PP |
| cannot NN B-NP |
| have VBP B-VP |
| deemed VBN I-VP |
| quotas NNS B-NP |
| , , O |
| fixed NNS B-NP |
| prices NNS I-NP |
| and CC O |
| set NN B-NP |
| differentials NNS I-NP |
| , , O |
| " NNS B-NP |
| said VBD B-VP |
| the DT B-NP |
| regional JJ I-NP |
| manager NN I-NP |
| for IN B-PP |
| one NN B-NP |
| of IN B-PP |
| the DT B-NP |
| major NN I-NP |
| oil NN I-NP |
| companies NNS I-NP |
| who IN B-PP |
| spoke NN B-NP |
| on IN B-PP |
| condition NN B-NP |
| that IN B-SBAR |
| he DT B-NP |
| not NN I-NP |
| be VB B-VP |
| named RB I-VP |
| . . I-VP |
| " NN I-VP |
| The DT B-NP |
| market NN I-NP |
| is VBZ B-VP |
| now RB I-VP |
| trying VBG I-VP |
| to TO I-VP |
| teach IN B-PP |
| them DT B-NP |
| that NN I-NP |
| lesson IN B-PP |
| again NN B-NP |
| , , O |
| " IN B-PP |
| he DT B-NP |
| added VBD I-NP |
| . . O |
| David VBD B-VP |
| T NNP B-NP |
| . . I-NP |
| Mizrahi NNP I-NP |
| , , O |
| editor CD B-NP |
| of IN B-PP |
| Mideast JJ B-NP |
| reports NNS I-NP |
| , , O |
| expects NNS B-NP |
| OPEC VBD B-VP |
| to TO B-PP |
| meet JJ B-NP |
| before NN I-NP |
| June JJ I-NP |
| , , O |
| although IN B-SBAR |
| not JJ B-NP |
| immediately NN I-NP |
| . . O |
| However NNP B-NP |
| , , O |
| he CD B-NP |
| is VBZ B-VP |
| not RB O |
| optimistic JJ B-NP |
| that NN I-NP |
| OPEC default I-NP |
| can NN I-NP |
| address NNS I-NP |
| its NNS B-NP |
| principal JJ I-NP |
| problems NNS I-NP |
| . . O |
| " IN O |
| They NNP B-NP |
| will MD B-VP |
| not JJ B-NP |
| meet NN I-NP |
| now NN I-NP |
| as IN B-PP |
| they NN B-NP |
| try NN I-NP |
| to TO B-VP |
| take VB I-VP |
| advantage NN B-NP |
| of IN B-PP |
| the DT B-NP |
| winter NN I-NP |
| demand VBN B-VP |
| to TO B-PP |
| sell JJ B-NP |
| their NN I-NP |
| oil NNS I-NP |
| , , O |
| but NNS B-NP |
| in IN B-PP |
| late JJ B-NP |
| March NNP I-NP |
| and CC O |
| April default B-NP |
| when JJ I-NP |
| demand VBN I-NP |
| slackens NNS I-NP |
| , , O |
| " NNS B-NP |
| Mizrahi NNP I-NP |
| said VBD B-VP |
| . . O |
| But JJ B-NP |
| Mizrahi NNP I-NP |
| said VBD B-VP |
| that NN B-SBAR |
| OPEC default B-NP |
| is VBZ B-VP |
| unlikely RB B-ADJP |
| to TO B-VP |
| do VB I-VP |
| anything VBG I-VP |
| more JJ B-NP |
| than NN I-NP |
| reiterate NN I-NP |
| its NNS I-NP |
| agreement NN I-NP |
| to TO B-PP |
| keep CD B-NP |
| output NN I-NP |
| at IN B-PP |
| 15.8 CD B-NP |
| mln NN I-NP |
| bpd NNS I-NP |
| . . O |
| " NNP B-NP |
| Analysts NNS I-NP |
| said VBD B-VP |
| that IN B-SBAR |
| the DT B-NP |
| next NN I-NP |
| two NN I-NP |
| months VBZ B-VP |
| will RB I-VP |
| be VB I-VP |
| critical NN B-NP |
| for IN B-PP |
| OPEC's NNP B-NP |
| ability NN I-NP |
| to TO B-VP |
| hold VB I-VP |
| together NN B-NP |
| prices NNS I-NP |
| and CC O |
| output JJ B-NP |
| . . O |
| " IN B-PP |
| OPEC NNP B-NP |
| must JJ I-NP |
| hold VBD B-VP |
| to TO B-PP |
| its NNS B-NP |
| pact NN I-NP |
| for IN B-PP |
| the DT B-NP |
| next NN I-NP |
| six IN B-PP |
| to TO B-PP |
| eight JJ B-NP |
| weeks NNS I-NP |
| since IN B-SBAR |
| buyers NNS B-NP |
| will MD B-VP |
| come VBN I-VP |
| back NN B-NP |
| into IN B-PP |
| the DT B-NP |
| market NN I-NP |
| then VBN B-VP |
| , , O |
| " NNP B-NP |
| said VBD B-VP |
| Dillard CD B-NP |
| Spriggs NNS I-NP |
| of IN B-PP |
| Petroleum default B-NP |
| Analysis RB B-VP |
| Ltd VBN I-VP |
| in IN B-PP |
| New NNP B-NP |
| York NNP I-NP |
| . . O |
| But JJ B-NP |
| Bijan NNP I-NP |
| Moussavar-Rahmani NNP I-NP |
| of IN B-PP |
| Harvard default B-NP |
| University's NNS I-NP |
| Energy NNP I-NP |
| and CC I-NP |
| Environment JJ I-NP |
| Policy NNP I-NP |
| Center NNP I-NP |
| said VBD B-VP |
| that NN B-SBAR |
| the DT B-NP |
| demand VBN B-VP |
| for IN B-PP |
| OPEC NNP B-NP |
| oil NN I-NP |
| has NNS I-NP |
| been VBN B-VP |
| rising VBG I-VP |
| through IN B-PP |
| the DT B-NP |
| first JJ I-NP |
| quarter NN I-NP |
| and CC O |
| this DT B-NP |
| may NN I-NP |
| have VBP B-VP |
| prompted VBN I-VP |
| excesses NNS B-NP |
| in IN B-PP |
| its NNS B-NP |
| production NN I-NP |
| . . O |
| " CD B-NP |
| Demand CD I-NP |
| for IN B-PP |
| their NN B-NP |
| (OPEC) default I-NP |
| oil JJ I-NP |
| is VBZ B-VP |
| clearly RB B-ADJP |
| above JJ I-ADJP |
| 15.8 CD B-NP |
| mln NN I-NP |
| bpd NNS I-NP |
| and CC O |
| is VBZ B-VP |
| probably RB B-NP |
| closer NN I-NP |
| to TO B-PP |
| 17 CD B-NP |
| mln NN I-NP |
| bpd NNS I-NP |
| or IN B-PP |
| higher NN B-NP |
| now RB I-NP |
| so JJ I-NP |
| what NN I-NP |
| we NNS I-NP |
| are VBP B-VP |
| seeing IN O |
| characterized VBN B-VP |
| as IN B-PP |
| cheating VBG B-NP |
| is VBZ B-VP |
| OPEC NNP B-NP |
| meeting VBG I-NP |
| this DT B-NP |
| demand VBD B-VP |
| through IN B-PP |
| current NN B-NP |
| production NN I-NP |
| , , O |
| " IN B-PP |
| he DT B-NP |
| told JJ I-NP |
| Reuters NNS I-NP |
| in IN B-PP |
| a DT B-NP |
| telephone NN I-NP |
| interview WRB B-ADVP |
| . . O |
| BankAmerica NNP B-NP |
| Corp NNP I-NP |
| is VBZ B-VP |
| not RB O |
| under IN B-PP |
| pressure NN B-NP |
| to TO B-PP |
| act IN B-NP |
| quickly JJ I-NP |
| on IN B-PP |
| its NNS B-NP |
| proposed VBD B-VP |
| equity JJ I-VP |
| offering VBG I-VP |
| and CC I-VP |
| would VBN I-VP |
| do IN B-PP |
| well JJ B-NP |
| to TO B-VP |
| delay NN I-VP |
| it PRP B-NP |
| because NN B-NP |
| of IN B-PP |
| the DT B-NP |
| stock's NN I-NP |
| recent NN I-NP |
| poor NNS I-NP |
| performance NNS I-NP |
| , , O |
| banking NNS B-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| . . B-NP |
| Some JJ I-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| they IN B-PP |
| have NN B-NP |
| recommended VBN B-VP |
| BankAmerica NNP B-NP |
| delay NN I-NP |
| its NNS I-NP |
| up VBD B-VP |
| to TO B-PP |
| one-billion-dlr CD B-NP |
| equity NN I-NP |
| offering VBG I-NP |
| , , O |
| which IN B-SBAR |
| has NNS B-NP |
| yet VBD B-VP |
| to TO I-VP |
| be VB I-VP |
| approved VBN I-VP |
| by IN B-PP |
| the DT B-NP |
| Securities NNS I-NP |
| and CC I-NP |
| Exchange JJ I-NP |
| Commission NNP I-NP |
| . . I-NP |
| BankAmerica NNP I-NP |
| stock NN I-NP |
| fell NNS I-NP |
| this IN B-PP |
| week NN B-NP |
| , , O |
| along IN B-PP |
| with IN B-PP |
| other NN B-NP |
| banking VBG I-NP |
| issues NNS I-NP |
| , , O |
| on IN B-PP |
| the DT B-NP |
| news NN I-NP |
| that IN B-PP |
| Brazil JJ B-NP |
| has NNS I-NP |
| suspended VBD B-VP |
| interest IN B-PP |
| payments NNS B-NP |
| on IN B-PP |
| a DT B-NP |
| large JJ I-NP |
| portion NN I-NP |
| of IN B-PP |
| its NNS B-NP |
| foreign IN B-PP |
| debt NN B-NP |
| . . O |
| The DT B-NP |
| stock NN I-NP |
| traded VBN B-VP |
| around IN B-PP |
| 12 CD B-NP |
| , , O |
| down IN B-PP |
| 1/8 NN B-NP |
| , , O |
| this IN B-PP |
| afternoon NN B-NP |
| , , O |
| after IN B-PP |
| falling VBG B-VP |
| to TO B-PP |
| 11-1/2 CD B-NP |
| earlier NN I-NP |
| this IN B-PP |
| week NN B-NP |
| on IN B-PP |
| the DT B-NP |
| news NN I-NP |
| . . O |
| Banking NNP B-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| that IN B-SBAR |
| with IN B-PP |
| the DT B-NP |
| immediate JJ I-NP |
| threat NN I-NP |
| of IN B-PP |
| the DT B-NP |
| First JJ I-NP |
| Interstate NNP I-NP |
| Bancorp NNP I-NP |
| <I> NNP I-NP |
| takeover IN B-PP |
| bid NN B-NP |
| gone NN I-NP |
| , , O |
| BankAmerica NNP B-NP |
| is VBZ B-VP |
| under IN B-PP |
| no NN B-NP |
| pressure NN I-NP |
| to TO B-PP |
| sell JJ B-NP |
| the DT I-NP |
| securities NN I-NP |
| into IN B-PP |
| a DT B-NP |
| market NN I-NP |
| that IN B-NP |
| will MD B-VP |
| be VB I-VP |
| nervous RB B-ADJP |
| on IN B-PP |
| bank NN B-NP |
| stocks NNS I-NP |
| in IN B-PP |
| the DT B-NP |
| near JJ I-NP |
| term NN I-NP |
| . . O |
| BankAmerica NNP O |
| filed VBD B-VP |
| the DT B-NP |
| offer NN I-NP |
| on IN B-PP |
| January NNP B-NP |
| 26. CD I-NP |
| It PRP B-NP |
| was VBD B-VP |
| seen JJ B-ADJP |
| as IN B-PP |
| one NN B-NP |
| of IN B-PP |
| the DT B-NP |
| major NN I-NP |
| factors NNS I-NP |
| leading VBG B-VP |
| the DT B-NP |
| First JJ I-NP |
| Interstate NNP I-NP |
| withdrawing VBG B-VP |
| its NNS B-NP |
| takeover IN B-PP |
| bid VBN B-NP |
| on IN B-PP |
| February NNP B-NP |
| 9. CD I-NP |
| A RB I-NP |
| BankAmerica NNP I-NP |
| spokesman NN I-NP |
| said VBD B-VP |
| SEC CD B-NP |
| approval JJ I-NP |
| is VBZ B-VP |
| taking IN B-PP |
| longer JJ B-NP |
| than NN I-NP |
| expected VBN I-NP |
| and CC I-NP |
| market JJ I-NP |
| conditions NN I-NP |
| must JJ I-NP |
| now RB B-ADVP |
| be VB B-VP |
| re-evaluated VBN I-VP |
| . . O |
| " IN B-PP |
| The DT B-NP |
| circumstances NNS I-NP |
| at IN B-PP |
| the DT B-NP |
| time NN I-NP |
| will MD B-VP |
| determine NN I-VP |
| what IN B-NP |
| we JJ B-NP |
| do NN I-NP |
| , , O |
| " IN B-NP |
| said VBD B-VP |
| Arthur RB B-ADJP |
| Miller JJ I-ADJP |
| , , O |
| BankAmerica's NNP B-NP |
| Vice JJ I-NP |
| President NN I-NP |
| for IN B-PP |
| Financial JJ B-NP |
| Communications NNP I-NP |
| , , O |
| when JJ B-NP |
| asked VBD B-VP |
| if NNP B-NP |
| BankAmerica NNP I-NP |
| would VBD B-VP |
| proceed NN B-NP |
| with IN B-PP |
| the DT B-NP |
| offer NN I-NP |
| immediately NN I-NP |
| after IN B-PP |
| it PRP B-NP |
| receives NNS B-VP |
| SEC NNP B-NP |
| approval JJ I-NP |
| . . O |
| " IN B-PP |
| I'd NNP B-NP |
| put NN B-VP |
| it PRP B-NP |
| off NNP B-NP |
| as IN B-PP |
| long NN B-NP |
| as IN B-PP |
| they NN B-NP |
| conceivably NN I-NP |
| could VBN B-VP |
| , , O |
| " NNP B-NP |
| said VBD B-VP |
| Lawrence CD B-NP |
| Cohn NNP I-NP |
| , , I-NP |
| analyst JJ I-NP |
| with IN B-PP |
| Merrill default B-NP |
| Lynch NNP I-NP |
| , , I-NP |
| Pierce NNP I-NP |
| , , I-NP |
| Fenner NNP I-NP |
| and CC I-NP |
| Smith NNP I-NP |
| . . O |
| Cohn NNP B-NP |
| said VBD B-VP |
| the DT B-NP |
| longer NN I-NP |
| BankAmerica NNP I-NP |
| waits NNS I-NP |
| , , O |
| the DT B-NP |
| longer JJR I-NP |
| they NN I-NP |
| have VBP B-VP |
| to TO I-VP |
| show WRB I-VP |
| the DT B-NP |
| market NN I-NP |
| an DT B-NP |
| improved VBD B-VP |
| financial JJ B-NP |
| outlook NN I-NP |
| . . O |
| Although RB O |
| BankAmerica NNP B-NP |
| has NNS I-NP |
| yet VBD B-VP |
| to TO I-VP |
| specify VB I-VP |
| the DT B-NP |
| types NNS I-NP |
| of IN B-PP |
| equities NNS B-NP |
| it PRP B-NP |
| would VBD B-VP |
| offer IN B-ADVP |
| , , O |
| most JJ B-NP |
| analysts NN I-NP |
| believed VBN B-VP |
| a DT B-NP |
| convertible NN I-NP |
| preferred VBN I-NP |
| stock NN I-NP |
| would VBD B-VP |
| encompass VBN I-VP |
| at IN B-PP |
| least JJ B-NP |
| part NN I-NP |
| of IN B-PP |
| it PRP B-NP |
| . . O |
| Such NNP O |
| an DT B-NP |
| offering VBG I-NP |
| at IN B-PP |
| a DT B-NP |
| depressed JJ I-NP |
| stock NN I-NP |
| price NN I-NP |
| would VBN B-VP |
| mean VBN I-VP |
| a DT B-NP |
| lower JJ I-NP |
| conversion NN I-NP |
| price NN I-NP |
| and CC O |
| more RB B-VP |
| dilution VBN I-VP |
| to TO B-PP |
| BankAmerica NNP B-NP |
| stock NN I-NP |
| holders NNS I-NP |
| , , O |
| noted JJ B-NP |
| Daniel . I-NP |
| Williams NNS I-NP |
| , , O |
| analyst JJ B-ADJP |
| with IN B-PP |
| Sutro NNP B-NP |
| Group default I-NP |
| . . O |
| Several JJ B-NP |
| analysts NNS I-NP |
| said VBD B-VP |
| that IN B-SBAR |
| while NN B-NP |
| they NN I-NP |
| believe VB B-VP |
| the DT B-NP |
| Brazilian JJ I-NP |
| debt NN I-NP |
| problem NN I-NP |
| will RB B-VP |
| continue VBD I-VP |
| to TO I-VP |
| hang NNS B-NP |
| over IN B-PP |
| the DT B-NP |
| banking VBG I-NP |
| industry NN I-NP |
| through IN B-PP |
| the DT B-NP |
| quarter NN I-NP |
| , , O |
| the DT B-NP |
| initial JJ I-NP |
| shock NN I-NP |
| reaction NN I-NP |
| is VBZ B-VP |
| likely RB B-ADVP |
| to TO B-PP |
| ease NNS B-NP |
| over IN B-PP |
| the DT B-NP |
| coming VBG I-NP |
| weeks NNS I-NP |
| . . O |
| Nevertheless NNP B-NP |
| , , O |
| BankAmerica, NNP B-NP |
| which IN B-PP |
| holds NN B-NP |
| about IN B-PP |
| 2.70 CD B-NP |
| billion NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| Brazilian JJ B-NP |
| loans NNS I-NP |
| , , O |
| stands NNS B-NP |
| to TO B-PP |
| lose JJ B-NP |
| 15-20 CD I-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| if IN B-PP |
| the DT B-NP |
| interest NN I-NP |
| rate NN I-NP |
| is VBZ B-VP |
| reduced VBN I-VP |
| on IN B-PP |
| the DT B-NP |
| debt NN I-NP |
| , , O |
| and CC O |
| as IN B-PP |
| much NN B-NP |
| as IN B-PP |
| 200 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| if NNP I-NP |
| Brazil NNP I-NP |
| pays NNS B-VP |
| no RB B-NP |
| interest NN I-NP |
| for IN B-PP |
| a DT B-NP |
| year NN I-NP |
| , , O |
| said VBD B-VP |
| Joseph NNP B-NP |
| Arsenio RB I-NP |
| , , O |
| analyst JJ B-ADJP |
| with IN B-PP |
| Birr NNP B-NP |
| , , I-NP |
| Wilson NNP I-NP |
| and CC I-NP |
| Co JJ I-NP |
| . . O |
| He DT B-NP |
| noted VBN B-VP |
| , , O |
| however IN B-ADVP |
| , , O |
| that IN B-SBAR |
| any NN B-NP |
| potential JJ I-NP |
| losses NNS I-NP |
| would VBD B-VP |
| not RB B-NP |
| show JJ I-NP |
| up NNS I-NP |
| in IN B-PP |
| the DT B-NP |
| current NN I-NP |
| quarter IN B-PP |
| . . O |
| The DT B-NP |
| Federal JJ I-NP |
| Deposit NN I-NP |
| Insurance IN B-PP |
| Corp NNP B-NP |
| (FDIC) NNP I-NP |
| said VBD B-VP |
| three NN B-NP |
| troubled VBD I-NP |
| banks NNS I-NP |
| in IN B-PP |
| Texas NNP B-NP |
| and CC I-NP |
| Louisiana NNP I-NP |
| were VBD B-VP |
| merged VBN I-VP |
| with IN B-PP |
| healthy NN B-NP |
| financial JJ I-NP |
| institutions NNS I-NP |
| . . O |
| The DT B-NP |
| FDIC NNP I-NP |
| said VBD B-VP |
| it PRP B-NP |
| subsidized VBD B-VP |
| the DT B-NP |
| merger NN I-NP |
| of IN B-PP |
| Central JJ B-NP |
| Bank NNP I-NP |
| and CC I-NP |
| Trust JJ I-NP |
| Co NNP I-NP |
| , , I-NP |
| Glenmora NNP I-NP |
| , , I-NP |
| La. NNP I-NP |
| , , I-NP |
| with IN B-PP |
| the DT B-NP |
| healthy NN I-NP |
| Peoples NNS I-NP |
| Bank NNP I-NP |
| and CC I-NP |
| Trust JJ I-NP |
| Co NNP I-NP |
| , , O |
| Natchitoches NNS B-NP |
| , , O |
| La. NNP B-NP |
| , , O |
| after IN B-PP |
| state NN B-NP |
| regulators VBN B-VP |
| notified VBN I-VP |
| it PRP B-NP |
| that IN B-PP |
| Central JJ B-NP |
| was NNS I-NP |
| in IN B-PP |
| danger NN B-NP |
| of IN B-PP |
| failing VBG B-NP |
| . . O |
| Central JJ O |
| had VBD B-VP |
| assets NNS B-NP |
| of IN B-PP |
| 28.3 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| . . O |
| The DT B-NP |
| FDIC JJ I-NP |
| said VBD B-VP |
| the DT B-NP |
| deposits NN I-NP |
| of IN B-PP |
| the DT B-NP |
| failed NN I-NP |
| Farmers NNS I-NP |
| State VBD B-VP |
| Bank NNP B-NP |
| , , O |
| Hart NNP B-NP |
| , , O |
| Tex NNP B-NP |
| . . O |
| , , O |
| were VBD B-VP |
| assumed VBN I-VP |
| by IN B-PP |
| Hale NNP B-NP |
| County NNP I-NP |
| State NNP I-NP |
| Bank NNP I-NP |
| , , O |
| Plainview NNP B-NP |
| , , O |
| Tex NNP B-NP |
| . . O |
| Farmers NNS B-NP |
| , , O |
| with IN B-PP |
| 9.6 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| in IN B-PP |
| assets NN B-NP |
| , , O |
| was VBD B-VP |
| closed VBN I-VP |
| by IN B-PP |
| Texas NNP B-NP |
| bank NN I-NP |
| regulators NNS I-NP |
| . . O |
| The DT B-NP |
| deposits NN I-NP |
| of IN B-PP |
| the DT B-NP |
| failed NN I-NP |
| First IN B-PP |
| National JJ B-NP |
| Bank NNP I-NP |
| of IN B-PP |
| Crosby NNP B-NP |
| , , O |
| Crosby NNP B-NP |
| , , O |
| Tex NNP B-NP |
| . . O |
| , , O |
| with IN B-PP |
| total JJ B-NP |
| assets NNS I-NP |
| of IN B-PP |
| 8.2 CD B-NP |
| mln NN I-NP |
| dlrs NN I-NP |
| , , O |
| were VBD B-VP |
| assumed VBN I-VP |
| by IN B-PP |
| Central JJ B-NP |
| Bancshares NNS I-NP |
| of IN B-PP |
| the DT B-NP |
| South NNP I-NP |
| Inc NNP I-NP |
| , , O |
| Birmingham NNP B-NP |
| , , O |
| Ala. NNP B-NP |
| , , O |
| after IN B-PP |
| First JJ B-NP |
| National JJ I-NP |
| was VBD I-NP |
| closed VBN B-VP |
| by IN B-PP |
| federal JJ B-NP |
| bank NN I-NP |
| regulators NNS I-NP |
| , , O |
| the DT B-NP |
| FDIC NNP I-NP |
| said VBD B-VP |
| . . O |
| Brazil's JJ O |
| 14-bank NN B-NP |
| advisory NN I-NP |
| committee NNP-named I-NP |
| expressed VBN B-VP |
| " IN B-PP |
| grave JJ B-NP |
| concern NN I-NP |
| " NN I-NP |
| to TO B-PP |
| chief NNP B-NP |
| debt VBD B-VP |
| negotiator NN B-NP |
| Antonio RB B-ADVP |
| Padua NNP-5 B-NP |
| de VBD B-VP |
| Seixas NNS B-NP |
| over IN B-PP |
| the DT B-NP |
| country's NN I-NP |
| suspension NN I-NP |
| of IN B-PP |
| interest JJ B-NP |
| payments NNS I-NP |
| , , O |
| according IN B-PP |
| to TO B-PP |
| a DT B-NP |
| telex NN I-NP |
| from IN B-PP |
| committee NN B-NP |
| chairman NN I-NP |
| Citibank NNP I-NP |
| to TO B-PP |
| creditor NN B-NP |
| banks NNS I-NP |
| worldwide VBD B-VP |
| . . B-NP |
| Bankers NNS I-NP |
| said VBD B-VP |
| the DT B-NP |
| diplomatic NN I-NP |
| phrase NN I-NP |
| belied VBN B-VP |
| the DT B-NP |
| deep NN I-NP |
| anger IN B-PP |
| and CC O |
| frustration VBN B-VP |
| on IN B-PP |
| the DT B-NP |
| committee NN I-NP |
| over IN B-PP |
| Brazil's NNP B-NP |
| unilateral JJ I-NP |
| move NN I-NP |
| last JJ B-NP |
| Friday NNP I-NP |
| and CC O |
| its NNS B-NP |
| subsequent JJ I-NP |
| freeze NNS I-NP |
| on IN B-PP |
| some DT B-NP |
| 15 CD I-NP |
| billion NN I-NP |
| dlrs NN I-NP |
| of IN B-PP |
| short-term NN B-NP |
| trade NN I-NP |
| and CC O |
| interbank RB B-NP |
| lines NNS I-NP |
| . . O |
| Seixas NNS B-NP |
| , , O |
| director NNS B-NP |
| of IN B-PP |
| the DT B-NP |
| Brazilian JJ I-NP |
| central NN I-NP |
| bank's NNS I-NP |
| foreign IN B-PP |
| debt NN B-NP |
| department NN I-NP |
| , , O |
| met IN B-PP |
| the DT B-NP |
| full JJ I-NP |
| panel NN I-NP |
| on IN B-PP |
| Tuesday NNP B-NP |
| and CC I-NP |
| Wednesday NNP B-NP |
| . . O |
| Seixas NNS B-NP |
| , , O |
| who NNS B-NP |
| met NN I-NP |
| again IN B-PP |
| this DT B-NP |
| morning VBG I-NP |
| with IN B-PP |
| senior NNP B-NP |
| Citibank NNP I-NP |
| executive JJ I-NP |
| William . I-NP |
| Rhodes NNS I-NP |
| and CC I-NP |
| representatives NNS I-NP |
| from IN B-PP |
| committee NN B-NP |
| vice-chairmen VBN I-NP |
| Morgan NNP I-NP |
| Guaranty NNP I-NP |
| Trust JJ I-NP |
| Co NNP I-NP |
| and CC I-NP |
| Lloyds NNP I-NP |
| Bank NNP I-NP |
| Plc NNP I-NP |
| , , O |
| told JJ B-NP |
| the DT I-NP |
| banks NNS I-NP |
| that IN B-PP |
| the DT B-NP |
| government NN I-NP |
| was VBD B-VP |
| preparing VBG I-VP |
| a DT B-NP |
| telex NN I-NP |
| to TO B-PP |
| explain NNS B-NP |
| and CC O |
| clarify VB B-VP |
| the DT B-NP |
| freeze NN I-NP |
| on IN B-PP |
| short-term JJ B-NP |
| credits NN I-NP |
| . . O |
| The DT B-NP |
| telex NN I-NP |
| could VBN B-VP |
| be VB I-VP |
| sent NN B-NP |
| to TO B-PP |
| creditors NN B-NP |
| as IN B-PP |
| early NN B-NP |
| as IN B-PP |
| today NN B-NP |
| , , O |
| bankers NNS B-NP |
| said VBD B-VP |
| . . O |
| Despite JJ O |
| the DT B-NP |
| rising VBG I-NP |
| tempers NNS I-NP |
| , , O |
| bankers NNS B-NP |
| said VBD B-VP |
| there EX B-NP |
| are VBP B-VP |
| no RB I-VP |
| plans VBN I-VP |
| for IN B-PP |
| Brazilian NNP B-NP |
| finance NN I-NP |
| minister NN I-NP |
| Dilson NNP I-NP |
| Funaro NNP I-NP |
| to TO B-PP |
| meet JJ B-NP |
| commercial NN I-NP |
| bankers NNS I-NP |
| during IN B-PP |
| his NNS B-NP |
| trip VBD B-VP |
| to TO B-PP |
| Washington NNP B-NP |
| on IN B-PP |
| Friday NNP B-NP |
| and CC O |
| Saturday NNP B-NP |
| . . I-NP |
| Funaro NNP I-NP |
| will MD B-VP |
| be VB I-VP |
| explaining VBG I-VP |
| Brazil's NNS B-NP |
| actions VBD B-VP |
| to TO B-PP |
| U.S. NNP B-NP |
| Treasury NNP I-NP |
| Secretary NNP I-NP |
| James NNP I-NP |
| Baker NNP I-NP |
| , , O |
| Federal JJ B-NP |
| Reserve . I-NP |
| Board NNP I-NP |
| chairman NN I-NP |
| Paul default I-NP |
| Volcker NNP I-NP |
| and CC I-NP |
| International JJ I-NP |
| Monetary NNP I-NP |
| Fund NNP I-NP |
| managing VBG B-VP |
| director IN B-PP |
| Michel default B-NP |
| Camdessus NNP I-NP |
| before NN I-NP |
| travelling IN B-NP |
| to TO B-VP |
| Europe VB I-VP |
| at IN B-PP |
| the DT B-NP |
| weekend JJ I-NP |
| . . O |
| Sentence NN B-NP |
| number NN I-NP |
| 1 CD I-NP |
| has VBZ B-VP |
| 6 CD I-NP |
| words NNS I-NP |
| . . O |
| Sentence NN B-NP |
| number NN I-NP |
| 2 CD I-NP |
| , , O |
| 5 CD B-NP |
| words NNS I-NP |
| . . O |
