31.   Among the sticking points have been whether Merrill will admit wrongdoing and what steps it will take to separate its analysts from its investment bankers.

32.   Analysts and investment bankers offered several reasons why Wells Fargo would spend so much.

33.   Analysts and investment bankers suggested that Computer Associates could press its bid quickly by raising its offer.

34.   Analysts could no longer report to investment bankers.

35.   An experienced analyst, Cheevers was asked by investment bankers at his firm to make his report more glowing.

36.   And both companies, not to mention their investment bankers and the analysts who follow them, are more than a little embarrassed.

37.   An investment banker bought the house for a little less than four million bucks.

38.   An investment banker familiar with the situation said the investigation is not expected to affect the price of the initial public offering.

39.   An investment banker phoned me at home.

40.   An investment banker trying to sell a new security will get such a letter from an accounting firm.