31.   Analysts predict that other securities firms will meet the same fate, as they struggle to overcome mountains of bad loans, shrinking commissions and bloated payrolls.

32.   And funds are a rapidly growing revenue source for the traditional securities firms, too.

33.   And if the stock market drops significantly, pulling down the market values of securities firms, that could be just the opening many banks are waiting for.

34.   And Morgan Stanley, like other big securities firms, is trying to simplify the way it deals with its major corporate clients.

35.   And no one is suggesting that the rise of the Internet means that securities firms will close their offices, disconnect their telephones and do business only in cyberspace.

36.   And securities firms have been hit with a wave of mergers.

37.   And, as analysts have stressed, this was a great quarter for securities firms, which reported banner earnings.

38.   Annuities augment the asset-gathering operations of such securities firms as Merrill Lynch.

39.   Annabelle Boyd is the co-owner of a Charlottesville, Va., transportation security firm and an Olympics adviser.

40.   Argentine stocks fell for a second day, led by banks after two securities firms cut their ratings on Banco Frances del Rio de la Plata.