21.   Japanese companies are considered at risk of bankruptcy and banks at risk of valuation losses on their equity holdings once the index falls below that level.

22.   Luddy said he reduced U.S. equity holdings and increased the percentage of assets in bonds.

23.   Perls will work as a company consultant without equity holdings.

24.   Salomon Brothers analysts are turning bullish on Mexican stocks, while urging investors to reduce equity holdings in Brazil and Peru.

25.   The drop in equity holdings has not been nearly as severe.

26.   When did your equity holdings bottom out?

27.   Wisconsin stocks, led by Philip Morris Cos., retreated as rising interest rates prompted analysts to recommend that investors cut their equity holdings.

28.   Yesterday, four of these top insurers said their unrealized profits on equity holdings -- traditionally an important source of capital reserves -- have vaporized.

29.   Yet some investors have pared equity holdings in favor of bonds, given the gains so far in the stock market and prospect for low inflation.

30.   A big part of this will be for the shareholders of the concerned companies to write down their equity holdings in order to create an incentive for new entries.