31.   All but one of those seven forecast the Bundesbank would cut by just a quarter-point, to avoid the appearance it had exhausted room for further reductions.

32.   Businesses have cut costs by pushing older, better-paid workers to retire early, and unions have sought early-retirement incentives.

33.   But economists swing between hope and pessimism about whether interest rate cuts by the Federal Reserve in September and again in October will head off a slowdown.

34.   But foundation contributions have been halved, and government contributions cut by two-thirds.

35.   But in deciding not to cut rates by three-quarters of a percentage point, the Fed left the financial markets off balance.

36.   But personal-injury lawyers, whose fees would likely be cut by such changes, have vigorously opposed such legislation.

37.   But the company could probably cut costs by outsourcing the work, sources said.

38.   By switching back to Salk, the CDC believes it will cut by half the number of people contracting polio from the previous vaccine method.

39.   Carlin, the chairman, has already threatened to veto the tuition recommendation unless the trustees cut it by five percent.

40.   By some estimates, the number of teen-agers who smoke could be cut by half or even more over the next decade.