31.   Buying Carnival Hotels would allow Patriot American to save the money on the management fees it currently pays the company.

32.   By and large, annual management fees have been coming down, and some issuers are either reducing or eliminating surrender fees.

33.   By cutting into assets, this will have the effect of reducing management fees if the fund fails to grow at an equal or greater rate.

34.   By waiving or absorbing some management fees, fund companies were able to lift returns during a period of extraordinarily low interest rates.

35.   Buying Carnival Hotels would let Patriot American avoid the management fees it currently pays the company.

36.   Carreker wants the company to profit not only from its management fees, but also from the higher property values that renovation and improved management can create.

37.   Commission officials declined to comment on specifics of their inquiry into management fees.

38.   Critics point out that workers must pay high management fees to funds that, because of regulation, offer little choice in investments.

39.   David Steinhaus, a cardiologist and president of Cardiovascular Consultants, said the group would receive a management fee to operate the institute.