51.   But his colleague, Richard Bernstein, the director of quantitative research at Merrill Lynch, has a different view.

52.   But Kevin Frost, director of clinical research at the American Foundation for AIDS research, said immunology and AIDS has only recently become a research priority.

53.   But small and medium-sized gurus -- mid-ranking analysts at investment banks, directors of research at commercial banks --are a different matter.

54.   But Stephen Marvin, head of research at Jardine Fleming in Seoul, said there was little reason for the won to fall.

55.   But Steven Camarota, director of research at the Center for Immigration Studies in Washington, said amnesty would solve too few problems to make it worthwhile.

56.   But the offer by the panel came under heavy attack from former test subjects at the school and a Massachusetts panel that investigated the research at Fernald.

57.   But, so far, the research at the University of Texas and the University of Kuopio in Finland lacks a DNA analysis.

58.   Canel ran emerging markets debt sales, trading and research at Chemical Bank Corp. until Chase and Chemical Banking Corp. merged earlier this year.

59.   Charles Buchwalter, vice president for media research at NetRatings, said the adoption of the online medium by blue-chip companies appeared to be accelerating.

60.   Charles Lieberman, director of financial markets research at Chemical Securities, is another who dismisses the forecast of history repeating itself with ever lower yields.