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billion dollars. We had them for an hour. And, they sure sounded very knowledgeable. One man was quoting from at least fifty different sources of information. The net of what they said was that there was still a future to equities probably for another year or two, i.e. that they would rise and that we would maintain our percentage, which is about sixty five to seventy percent of the total portfolio in equities. I was suprised that they came out with that rather bullish conclusion given everything that's going on, that I see going on around me.

So we'll check this out a couple years from now. [laughter]

Yeah, a couple years from now. [laughter]

O.K. Let's go on. Now you also since our last meeting, you were at the President's Council meeting and I thought I would take the opportunity for you, first of all to highlight anything interesting that might have occured there, and then discribe your involvement.

Oh, let's-

Start with, last one first.

Yes.

Go ahead.