11.   Chrysler said the decline reflects fewer car and truck sales to fleet buyers, such as rental car companies.

12.   Deere said the decline reflects its decision to hold back shipping to dealers to until customers actually need the products to streamline its distribution.

13.   In important ways, the missionary decline also reflects the success of earlier efforts to convert local popoulations.

14.   In part the steep declines reflect forced selling by investors who had purchased bonds using borrowed money.

15.   It said the decline in return reflected the overcapacity in the market, which meant more money was available for underwriting than was needed.

16.   It said, though, that this decline mainly reflected a single transaction in which the public sector scaled back its outstanding bank debt.

17.   Longman said the decline reflects weakness on Florida routes owing to warm early winter weather in the Northeast and fare-cutting by struggling competitor AirTran.

18.   Others said the decline reflected a carry-over effect from the threat in June of trade sanctions.

19.   Sinar Mas Multiartha is a thinly traded stock, and the decline reflected a single crossing trade between Merrill Lynch and SBC Warburg Indonesia.

20.   Some stock analysts said that the blue-chip stock gauge was merely beginning to reflect the declines already evident in the broader market.