31.   Analysts expect some investment banks to report lower profits this year.

32.   Analysts have strong institutional reasons to overrate shares of companies with which their investment banks do business.

33.   Analysts said both NatWest and Barclays run the risk of disappointing results at their respective investment banks, NatWest Markets and BZW.

34.   Analysts said that First Union, which received the authority to underwrite equity in March, might likely soon feel the competitive pressure to purchase an investment bank.

35.   An attorney representing the shareholders, former executives of the failed investment bank Drexel Burnham Lambert Inc., declined comment on the proposed settlement.

36.   And a Rocky Mountain deal would fit nicely into those plans, said Bill McKeever, an analyst at investment bank Paine Webber.

37.   Ampolex said it has asked investment banks Morgan Stanley and Macquarie Bank to examine alternatives to a takeover by Mobil.

38.   An investment bank like Morgan Stanley is likely to have marked down the Sunbeam loan over time, noted Guy Moszkowski, an analyst at Salomon Smith Barney.

39.   Analysts questioned the ability of the investment banks to craft a bond acceptable to potential investors and the Indonesian government.

40.   Analysts said a successful deal would still not give Chase the size to join the upper echelon of investment banks like Goldman Sachs Group or Morgan Stanley Dean Witter.