11.   Brenda Erickson is a senior research analyst for the national legislatures conference.

12.   Bright young men and women who could barely read a spreadsheet moved to Asia and ended up getting hired as research analysts by investment banks.

13.   Brokerage firms have added bankers and research analysts to the industry to grab their share of transaction fees and commissions.

14.   Bryan Crossley, research analyst with ABN Amro Hoare Govett, said the bank may have underreported earlier in the year using conservative estimates.

15.   But Mark Duda, a research analyst for the Joint Center for Housing Studies at Harvard, which supplied the national figures, said the Census data are inconclusive.

16.   But research analyst Arthur Bender, who follows BankAmerica, said BAT has yet to make a profit here.

17.   But research analysts liked the moves.

18.   But Safa Rashtchy, a senior research analyst at Piper Jaffray, played down the threat to Overture.

19.   But Tom Underwood, a research analyst for Legg Mason, an investment firm, said the bundled deals undoubtedly produced much better profit margins.

20.   Chas Simmons, a senior research analyst with the Alabama Department of Corrections, said it was too early to evaluate the results of the Alabama program.