Iran NNP B-NP
announced VBD B-VP
tonight NN B-NP
that IN B-PP
its NNS B-NP
major JJ B-NP
offensive NN I-NP
against IN B-PP
Iraq NNP B-NP
in IN B-PP
the DT B-NP
Gulf NNP I-NP
war NN I-NP
had VBD B-VP
ended VBN I-VP
after IN B-PP
dealing VBG B-VP
savage JJ B-NP
blows NNS I-NP
against IN B-PP
the DT B-NP
Baghdad NNP I-NP
government NN I-NP
. . O
The DT B-NP
Iranian JJ I-NP
news NN I-NP
agency NN I-NP
IRNA NNP I-NP
, , O
in IN B-PP
a DT B-NP
report NN I-NP
received VBN B-VP
in IN B-PP
London NNP B-NP
, , O
said VBD B-VP
the DT B-NP
operation NN I-NP
code-named VBN B-VP
Karbala-5 CD B-NP
launched VBD B-VP
into IN B-PP
Iraq NNP B-NP
on IN B-PP
January NNP B-NP
9 CD I-NP
was VBD B-VP
now RB B-ADVP
over RP B-NP
. . O
It PRP B-NP
quoted VBD B-VP
a DT B-NP
joint NN I-NP
statewment NN I-NP
by IN B-PP
the DT B-NP
Iranian JJ I-NP
Army NNP I-NP
and CC I-NP
Revolutionary NNP I-NP
Guards NNPS I-NP
Corps NNP I-NP
as IN B-PP
saying VBG B-VP
that IN B-SBAR
their DT B-NP
forces NNS I-NP
had VBD B-VP
" JJ B-NP
dealt VBD B-VP
one CD B-NP
of IN B-PP
the DT B-NP
severest JJS I-NP
blows NNS I-NP
on IN B-PP
the DT B-NP
Iraqi JJ I-NP
war NN I-NP
machine NN I-NP
in IN B-PP
the DT B-NP
history NN I-NP
of IN B-PP
the DT B-NP
Iraq-imposed JJ I-NP
war NN I-NP
. . O
" NN B-VP
The DT B-NP
statement NN I-NP
by IN B-PP
the DT B-NP
Iranian JJ I-NP
High NNP I-NP
Command NNP I-NP
appeared VBD B-VP
to TO I-VP
herald VB I-VP
the DT B-NP
close NN I-NP
of IN B-PP
an DT B-NP
assault NN I-NP
on IN B-PP
the DT B-NP
port JJ I-NP
city NN I-NP
of IN B-PP
Basra NNP B-NP
in IN B-PP
southern JJ B-NP
Iraq NNP I-NP
. . O
" NN B-VP
The DT B-NP
operation NN I-NP
was VBD B-VP
launched VBN I-VP
at IN B-PP
a DT B-NP
time NN I-NP
when WRB B-ADVP
the DT B-NP
Baghdad NNP I-NP
government NN I-NP
was VBD B-VP
spreading VBG I-VP
extensive JJ B-NP
propaganda NN I-NP
on IN B-PP
the DT B-NP
resistance NN I-NP
power NN I-NP
of IN B-PP
its NNS B-NP
army NN I-NP
... NNS I-NP
, , O
" NNS B-NP
said VBD B-VP
the DT B-NP
statement NN I-NP
quoted VBN B-VP
by IN B-PP
IRNA NNP B-NP
. . O
It PRP B-NP
claimed VBD B-VP
massive JJ B-NP
victories NNS I-NP
in IN B-PP
the DT B-NP
seven-week NN I-NP
offensive NN I-NP
and CC O
called VBN B-VP
on IN B-PP
supporters NNS B-NP
of IN B-SBAR
Baghdad NNP B-NP
to TO B-VP
" VB I-VP
come VBN I-VP
to TO B-PP
their IN B-NP
senses JJ I-NP
" NNS I-NP
and CC O
discontinue VB B-VP
support NN B-NP
for IN B-PP
what WP B-NP
it PRP B-NP
called VBD B-VP
the DT B-NP
tottering VBG I-NP
regime NN I-NP
in IN B-PP
Iraq NNP B-NP
. . I-NP
Iran NNP I-NP
said VBD B-VP
its NNS B-NP
forces NNS I-NP
had VBD B-VP
" CD B-NP
liberated JJ I-NP
" NN I-NP
155 CD I-NP
square JJ I-NP
kilometers NNS I-NP
of IN B-PP
enemy-occupied JJ-occupied B-NP
territory NN I-NP
during IN B-PP
the DT B-NP
1987 CD I-NP
offensive NN I-NP
and CC O
taken VBN B-VP
over IN B-PP
islands NNS B-NP
, , O
townships NNS B-NP
, , O
rivers NNS B-NP
and CC O
part NN B-NP
of IN B-PP
a DT B-NP
road NN I-NP
leading VBG B-VP
into IN B-PP
Basra NNP B-NP
. . O
The DT B-NP
Iranian JJ I-NP
forces NNS I-NP
" NNS I-NP
are VBP B-VP
in IN B-PP
full JJ B-NP
control NN I-NP
of IN B-PP
these DT B-NP
areas NNS I-NP
, , O
" NNS B-NP
the DT B-NP
statement NN I-NP
said VBD B-VP
. . O
It PRP B-NP
said VBD B-VP
81 CD B-NP
Iraqi JJ I-NP
brigades NNS I-NP
and CC I-NP
battalions NNS I-NP
were VBD B-VP
totally RB I-VP
destroyed VBN I-VP
, , O
along IN B-ADVP
with IN B-PP
700 CD B-NP
tanks NNS I-NP
and CC O
1,500 CD B-NP
other JJ I-NP
vehicles NNS I-NP
. . O
The DT B-NP
victory NN I-NP
list NN I-NP
also RB B-ADVP
included VBD B-VP
80 CD B-NP
warplanes NNS I-NP
downed VBD B-VP
, , O
250 CD B-NP
anti- - I-NP
aircraft NN I-NP
guns NNS I-NP
and CC O
400 CD B-NP
pieces NNS I-NP
of IN B-PP
military JJ B-NP
hardware NN I-NP
destroyed VBN B-VP
and CC O
the DT B-NP
seizure NN I-NP
of IN B-PP
220 CD B-NP
tanks NNS I-NP
and CC O
armoured JJ B-NP
personnel NNS I-NP
carriers NNS I-NP
. . O
U.S. NNP O
bank NN I-NP
discount NN I-NP
window RB I-NP
borrowings NNS I-NP
less NNS I-NP
extended VBN B-NP
credits NN I-NP
averaged VBD B-VP
310 CD B-NP
mln NN I-NP
dlrs NN I-NP
in IN B-PP
the DT B-NP
week NN I-NP
to TO B-PP
Wednesday NNP B-NP
February NNP I-NP
25 CD I-NP
, , O
the DT B-NP
Federal JJ I-NP
Reserve NNP I-NP
said VBD B-VP
. . O
The DT B-NP
Fed JJ I-NP
said VBD B-VP
that IN B-SBAR
overall JJ B-NP
borrowings NNS I-NP
in IN B-PP
the DT B-NP
week NN I-NP
fell MD B-VP
131 CD B-NP
mln NN I-NP
dlrs NN I-NP
to TO B-PP
614 CD B-NP
mln NN I-NP
dlrs NN I-NP
, , O
with IN B-PP
extended VBN B-NP
credits NN I-NP
up IN B-PP
10 CD B-NP
mln NN I-NP
dlrs NN I-NP
at IN B-PP
304 CD B-NP
mln NN I-NP
dlrs NN I-NP
. . O
The DT B-NP
week NN I-NP
was VBD B-VP
the DT B-NP
second NN I-NP
half NN I-NP
of IN B-PP
a DT B-NP
two-week NN I-NP
statement NN I-NP
period. NNS I-NP
Net VBD B-VP
borrowings NNS B-NP
in IN B-PP
the DT B-NP
prior NN I-NP
week NN I-NP
averaged RB B-NP
451 CD I-NP
mln NN I-NP
dlrs NN I-NP
. . O
Commenting NNP O
on IN B-PP
the DT B-NP
two-week NN I-NP
statement NN I-NP
period NNS I-NP
ended VBD B-VP
February NNP B-NP
25 CD I-NP
, , O
the DT B-NP
Fed NNP I-NP
said VBD B-VP
that NN B-SBAR
banks NNS B-NP
had VBD B-VP
average JJ B-NP
net NN I-NP
free JJ I-NP
reserves NN I-NP
of IN B-PP
644 CD B-NP
mln NN I-NP
dlrs NN I-NP
a DT B-NP
day NN I-NP
, , O
down IN B-PP
from JJ B-NP
1.34 NN I-NP
billion NN I-NP
two RB B-NP
weeks NNS I-NP
earlier IN B-ADVP
. . O
A RB B-ADJP
Federal JJ I-ADJP
Reserve . B-NP
spokesman NN B-VP
told VBN I-VP
a DT B-NP
press NN I-NP
briefing VBG B-VP
that IN B-SBAR
there EX B-NP
were VBD B-VP
no RB B-NP
large JJ I-NP
single NN I-NP
day NN I-NP
net RB I-NP
misses NNS I-NP
in IN B-PP
the DT B-NP
Fed's default I-NP
reserve NN I-NP
projections NNS I-NP
in IN B-PP
the DT B-NP
week NN I-NP
to TO B-PP
Wednesday NNP B-NP
. . I-NP
He NNP I-NP
said VBD B-VP
that NN B-NP
natural JJ I-NP
float NN I-NP
had VBD B-VP
been VBN I-VP
" NN B-NP
acting VBG B-VP
a DT B-NP
bit NN I-NP
strangely RB B-VP
" VBN I-VP
for IN B-PP
this DT B-NP
time NN I-NP
of IN B-PP
year NN B-NP
, , O
noting VBG B-VP
that IN B-SBAR
there EX B-NP
had VBD B-VP
been VBN I-VP
poor JJ B-NP
weather NN I-NP
during IN B-PP
the DT B-NP
latest JJ I-NP
week NN I-NP
. . O
The DT B-NP
spokesman NN I-NP
said VBD B-VP
that IN B-SBAR
natural JJ B-NP
float NN I-NP
ranged VBN B-VP
from IN B-PP
under IN B-NP
500 CD I-NP
mln NN I-NP
dlrs NN I-NP
on IN B-PP
Friday NNP B-NP
, , O
for IN B-PP
which NNP B-NP
he NN B-NP
could VBN B-VP
give JJ B-NP
no RB I-NP
reason NN I-NP
, , O
to TO B-PP
nearly JJ B-NP
one CD I-NP
billion IN B-PP
dlrs NN B-NP
on IN B-PP
both NN B-NP
Thursday default B-NP
and CC O
Wednesday default B-NP
. . O
The DT B-NP
Fed JJ I-NP
spokeman NN I-NP
could VBN B-VP
give JJ B-NP
no NN I-NP
reason NN I-NP
for IN B-PP
Thursday's NNP B-NP
high NN I-NP
float NNS I-NP
, , O
but NNS B-NP
he DT B-NP
said VBD B-VP
that IN B-PP
about NN B-NP
750 CD I-NP
mln NN I-NP
dlrs NN I-NP
of IN B-PP
Wednesday's NNP B-NP
float NN I-NP
figure NNS I-NP
was VBD B-VP
due VBD I-VP
to TO I-VP
holdover VB I-VP
and CC O
transportation NN B-VP
float IN B-PRT
at IN B-PP
two NN B-NP
widely WDT I-NP
separated VBN B-VP
Fed VBN B-NP
districts NNS I-NP
. . O
For NNP O
the DT B-NP
week NN I-NP
as IN B-PP
a DT B-NP
whole NN I-NP
, , O
he DT B-NP
said VBD B-VP
that IN B-SBAR
float NN B-NP
related VBN B-VP
as IN B-PP
of NNP B-NP
adjustments NNS I-NP
were VBD B-VP
" RB B-ADJP
small JJ I-ADJP
, , O
" IN B-PP
adding VBG B-VP
that IN B-SBAR
they NN B-NP
fell NN I-NP
to TO B-PP
a DT B-NP
negative JJ I-NP
750 CD I-NP
mln NN I-NP
dlrs NN I-NP
on IN B-PP
Tuesday NNP B-NP
due NN I-NP
to TO B-PP
a DT B-NP
number NN I-NP
of IN B-PP
corrections NN B-NP
for IN B-PP
unrelated VBN B-NP
cash NN I-NP
letter IN B-PP
errors NNS B-NP
in IN B-PP
six JJ B-NP
districts NNS I-NP
around IN B-PP
the DT B-NP
country NN I-NP
. . O
The DT B-NP
spokesman NN I-NP
said VBD B-VP
that NN B-NP
on IN B-PP
both JJ B-NP
Tuesday NNP I-NP
and CC I-NP
Wednesday NNP B-NP
, , O
two IN B-PP
different JJ B-NP
clearing NN I-NP
banks NNS I-NP
had VBD B-VP
system JJ B-NP
problems NNS I-NP
and CC O
the DT B-NP
securities NNS I-NP
and CC I-NP
Federal JJ I-NP
funds NNS I-NP
wires NNS I-NP
had VBD B-VP
to TO I-VP
be VB I-VP
held VBN I-VP
open JJ B-NP
until NNS I-NP
about IN B-PP
2000 CD B-NP
or NNP I-NP
2100 CD I-NP
EST NNS I-NP
on IN B-PP
both JJ B-NP
days NN I-NP
. . O
However NNP B-NP
, , O
he CD B-NP
said VBD B-VP
that IN B-SBAR
both NNP B-NP
problems NN I-NP
were VBD B-VP
cleared VBN I-VP
up IN B-ADVP
during VBG B-VP
both IN B-PP
afternoons NNS B-NP
and CC O
there DT B-NP
was VBD B-VP
no RB B-ADJP
evidence JJ I-ADJP
of IN B-PP
any DT B-NP
reserve JJ I-NP
impact NN I-NP
. . O
During VBG B-VP
the DT B-NP
week NN I-NP
ended VBN B-VP
Wednesday NNP B-NP
, , O
45 CD B-NP
pct NN I-NP
of IN B-PP
net JJ B-NP
discount NN I-NP
window NN I-NP
borrowings NNS I-NP
were VBD B-VP
made JJ B-ADJP
by IN B-PP
the DT B-NP
smallest NN I-NP
banks NNS I-NP
, , O
with IN B-PP
30 CD B-NP
pct NN I-NP
by IN B-PP
the DT B-NP
14 CD I-NP
large RB I-NP
money JJ I-NP
center NN I-NP
banks NNS I-NP
and CC O
25 CD B-NP
pct NN I-NP
by IN B-PP
large JJ B-NP
regional NN I-NP
institutions NNS I-NP
. . O
On NNP B-NP
Wednesday NNP I-NP
, , O
55 CD B-NP
pct NN I-NP
of IN B-PP
the DT B-NP
borrowing NN I-NP
was VBD B-VP
accounted VBN I-VP
for IN B-PP
by IN B-PP
the DT B-NP
money NN I-NP
center NN I-NP
banks NNS I-NP
, , O
with IN B-PP
30 CD B-NP
pct NN I-NP
by IN B-PP
the DT B-NP
large JJ I-NP
regionals NN I-NP
and CC O
15 CD B-NP
pct NN I-NP
by IN B-PP
the DT B-NP
smallest JJ I-NP
banks NNS I-NP
. . O
The DT B-NP
Fed JJ I-NP
spokesman NN I-NP
said VBD B-VP
the DT B-NP
banking NN I-NP
system IN B-NP
had VBD B-VP
excess VBZ B-NP
reserves NN I-NP
on IN B-PP
Thursday NNP B-NP
, , O
Monday NNP B-NP
and CC I-NP
Tuesday NNP I-NP
and CC O
a DT B-NP
deficit NN I-NP
on IN B-PP
Friday NNP B-NP
and CC O
Wedndsday NNP B-NP
. . I-NP
That NNP I-NP
produced VBD B-VP
a DT B-NP
small JJ I-NP
daily NN I-NP
average JJ I-NP
deficit NN I-NP
for IN B-PP
the DT B-NP
week NN I-NP
as IN B-PP
a DT B-NP
whole NN I-NP
. . B-VP
For NNP B-PP
the DT B-NP
two-week NN I-NP
period NNS I-NP
, , O
he NNS B-NP
said VBD B-VP
there EX B-NP
were VBD B-VP
relatively JJ B-NP
high NN I-NP
excess VBZ B-VP
reserves NN B-NP
on IN B-PP
a DT B-NP
daily JJ I-NP
avearge NN I-NP
, , O
almost IN B-PP
all DT B-NP
of IN B-PP
which CD B-NP
were VBD B-VP
at IN B-PP
the DT B-NP
smallest JJ I-NP
banks NNS I-NP
. . O
Reuter IN B-PP
 CD B-NP
American RB I-NP
Express JJ I-NP
Co NNP I-NP
remained VBN I-NP
silent NN I-NP
on IN B-PP
market NN B-NP
rumors NN I-NP
it PRP B-NP
would VBD B-VP
spinoff IN B-PP
all DT B-NP
or JJ I-NP
part NN I-NP
of IN B-PP
its NNS B-NP
Shearson NNP I-NP
Lehman NNP I-NP
Brothers NNS I-NP
Inc NNP I-NP
, , O
but IN B-SBAR
some DT B-NP
analysts NNS I-NP
said VBD B-VP
the DT B-NP
company NN I-NP
may NN I-NP
be VB B-VP
considering NN B-NP
such IN B-PP
a DT B-NP
move JJ I-NP
because NN I-NP
it PRP B-NP
is VBZ B-VP
unhappy NN B-NP
with IN B-PP
the DT B-NP
market JJ I-NP
value NN I-NP
of IN B-PP
its NNS B-NP
stock NN I-NP
. . B-ADVP
American RB B-NP
Express JJ I-NP
stock NN I-NP
got NN I-NP
a DT B-NP
lift NN I-NP
from WRB B-ADVP
the DT B-NP
rumor NN I-NP
, , O
as IN B-SBAR
the DT B-NP
market NN I-NP
calculated VBN B-VP
a DT B-NP
partially JJ I-NP
public NN I-NP
Shearson IN B-PP
may NN B-NP
command VBN B-VP
a DT B-NP
good JJ I-NP
market NN I-NP
value NN I-NP
, , O
thereby IN B-PP
boosting VBG B-VP
the DT B-NP
total JJ I-NP
value NN I-NP
of IN B-PP
American NNP B-NP
Express default I-NP
. . O
The DT B-NP
rumor NN I-NP
also NN I-NP
was VBD B-VP
accompanied VBN I-VP
by IN B-PP
talk NN B-NP
the DT B-NP
financial JJ I-NP
services NNS I-NP
firm IN B-PP
would JJ B-NP
split NN I-NP
its NNS I-NP
stock IN B-PP
and CC O
boost JJ B-NP
its NNS I-NP
dividend VBD B-VP
. . O
American RB O
Express VBZ B-VP
closed VBN I-VP
on IN B-PP
the DT B-NP
New JJ I-NP
York NNP I-NP
Stock NNP I-NP
Exchange VBD B-VP
at IN B-PP
72-5/8 CD B-NP
, , O
up IN B-PP
4-1/8 NN B-NP
on IN B-PP
heavy NN B-NP
volume default I-NP
. . B-ADVP
American RB B-ADJP
Express JJ I-ADJP
would VBD B-VP
not IN B-PP
comment NN B-NP
on IN B-PP
the DT B-NP
rumors NN I-NP
or IN B-PP
its NNS B-NP
stock NN I-NP
activity NN I-NP
. . O
Analysts NNS B-NP
said VBD B-VP
comments VBN I-VP
by IN B-PP
the DT B-NP
company NN I-NP
at IN B-PP
an DT B-NP
analysts' NN I-NP
meeting VBG B-VP
Tuesday default B-NP
helped VBN I-NP
fuel JJ B-NP
the DT I-NP
rumors NN I-NP
as IN B-PP
did NN B-NP
an DT B-NP
announcement JJ I-NP
yesterday NN I-NP
of IN B-PP
management JJ B-NP
changes NNS I-NP
. . O
At RB O
the DT B-NP
meeting VBG I-NP
, , I-NP
company NN I-NP
officials IN B-NP
said VBD B-VP
American RB B-NP
Express JJ I-NP
stock NN I-NP
is VBZ B-VP
undervalued VBN I-VP
and CC O
does NNS B-VP
not NN B-NP
fully NN I-NP
reflect NN B-VP
the DT B-NP
performance NN I-NP
of IN B-PP
Shearson NNP B-NP
, , O
according IN B-PP
to TO B-PP
analysts NNS B-NP
. . O
Yesterday NNP B-NP
, , O
Shearson NNP B-NP
said VBD B-VP
it PRP B-NP
was VBD B-VP
elevating VBG I-VP
its NNS B-NP
chief NNP I-NP
operating VBG I-NP
officer IN I-NP
, , O
Jeffery NNP B-NP
Lane NNP I-NP
, , O
to TO B-PP
the DT B-NP
added JJ I-NP
position NN I-NP
of IN B-PP
president NN B-NP
, , O
which IN B-NP
had VBD B-VP
been VBN I-VP
vacant NN B-NP
. . O
It PRP B-NP
also RB I-VP
created VBN I-VP
four IN B-PP
new JJ B-NP
positions NNS I-NP
for IN B-PP
chairmen NN B-NP
of IN B-PP
its NNS B-NP
operating VBG I-NP
divisions NNS I-NP
. . O
Analysts NNS B-NP
speculated VBD B-VP
a DT B-NP
partial JJ I-NP
spinoff NNP I-NP
would VBD B-VP
make NN B-NP
most NN I-NP
sense NNS I-NP
, , O
contrary JJ B-ADJP
to TO B-PP
one CD B-NP
variation NN I-NP
on IN B-PP
market JJ B-NP
rumors NN I-NP
of IN B-PP
a DT B-NP
total JJ I-NP
spinoff NNP I-NP
. . O
Some DT B-NP
analysts NNS I-NP
, , O
however NNS B-NP
, , O
disagreed VBD B-VP
that IN B-PP
any JJ B-NP
spinoff NN I-NP
of IN B-PP
Shearson NNP B-NP
would VBD B-VP
be VB I-VP
good NN B-NP
since IN B-SBAR
it PRP B-NP
is VBZ B-VP
a DT B-NP
strong VBG I-NP
profit NN I-NP
center NN I-NP
for IN B-PP
American NNP B-NP
Express NNS I-NP
, , O
contributing VBG B-VP
about IN B-NP
20 CD I-NP
pct NN I-NP
of IN B-PP
earnings NNS B-NP
last JJ B-NP
year NN I-NP
. . O
" NN B-NP
I IN B-PP
think NN B-NP
it PRP B-NP
is VBZ B-VP
highly RB O
unlikely JJ B-NP
that NN I-NP
American RB B-NP
Express JJ I-NP
is VBZ B-VP
going VBG I-VP
to TO B-PP
sell JJ B-NP
shearson NN I-NP
, , O
" IN B-NP
said VBD B-VP
Perrin CD B-NP
Long VBG I-NP
of IN B-PP
Lipper NNP B-NP
Analytical default I-NP
. . O
He JJ I-VP
questioned VBD I-VP
what IN B-NP
would VBN B-VP
be VB I-VP
a DT B-NP
better NN I-NP
investment NN I-NP
than NN I-NP
" RB B-NP
a DT I-NP
very NN I-NP
profitable NN I-NP
securities NNS I-NP
firm IN B-PP
. . B-NP
" NN I-NP
Several JJ I-NP
analysts NNS I-NP
said VBD B-VP
American RB B-ADJP
Express JJ I-ADJP
is VBZ B-VP
not RB O
in IN B-PP
need JJ B-NP
of IN B-PP
cash NNP B-NP
, , O
which IN B-PP
might NN B-NP
be VB B-VP
the DT B-NP
only JJ I-NP
reason NN I-NP
to TO B-VP
sell JJ I-VP
a DT B-NP
part NN I-NP
of IN B-PP
a DT B-NP
strong NN I-NP
asset IN B-PP
. . B-NP
But JJ I-NP
others NNS I-NP
believe VBP B-VP
the DT B-NP
company NN I-NP
could VBN B-VP
very JJ B-ADVP
well RB B-ADVP
of IN B-ADVP
considered VBD B-VP
the DT B-NP
option NN I-NP
of IN B-PP
spinning VBG B-VP
out JJ B-NP
part NN I-NP
of IN B-PP
Shearson NNP B-NP
, , O
and CC O
one JJ B-NP
rumor NN I-NP
suggests NNS I-NP
selling VBG B-VP
about IN B-NP
20 CD I-NP
pct NN I-NP
of IN B-PP
it PRP B-NP
in IN B-PP
the DT B-NP
market NN I-NP
. . O
Larry JJ O
Eckenfelder . O
of IN B-PP
Prudential-Bache DT B-NP
Securities NNS I-NP
said VBD B-VP
he DT B-NP
believes NN I-NP
American RB B-VP
Express VBN I-VP
could VBN I-VP
have VBP B-VP
considered VBN I-VP
a DT B-NP
partial JJ I-NP
spinoff NN I-NP
in IN B-PP
the DT B-NP
past NN I-NP
. . O
" IN B-PP
Shearson NNP B-NP
being NN I-NP
as IN B-PP
profitable NN B-NP
as IN B-SBAR
it PRP B-NP
is VBZ B-VP
would VBD I-VP
have VBP I-VP
fetched VBN I-VP
a DT B-NP
big NN I-NP
premium NN I-NP
in IN B-PP
the DT B-NP
market NN I-NP
place. NN I-NP
Shearson's NNP I-NP
book NN I-NP
value NN I-NP
is VBZ B-VP
in IN B-PP
the DT B-NP
1.4 CD I-NP
mln NN I-NP
dlr IN B-PP
range NN B-NP
. . O
Shearson NNP O
in IN B-PP
the DT B-NP
market NN I-NP
place NN I-NP
would MD B-VP
probably RB I-VP
be VB I-VP
worth RB B-ADVP
three DT B-NP
to TO I-NP
3.5 CD I-NP
bilion NN I-NP
dlrs NN I-NP
in IN B-PP
terms NN B-NP
of IN B-PP
market JJ B-NP
capitalization NN I-NP
, , O
" IN B-NP
said VBD B-VP
Eckenfelder CD B-NP
. . O
Some DT B-NP
analysts NNS I-NP
said VBD B-VP
American RB B-NP
Express JJ I-NP
could VBN B-VP
use IN B-PP
capital JJ B-NP
since NN I-NP
it PRP B-NP
plans VBD B-VP
to TO I-VP
expand NNS B-NP
globally JJ B-ADJP
. . O
" NNS B-VP
They NNP B-NP
have VBP B-VP
enormous NNS B-NP
internal JJ B-NP
growth NNS I-NP
plans NNS I-NP
that IN B-PP
takes NNS B-NP
capital JJ B-ADJP
. . O
You NNP B-NP
want NN I-NP
your NN I-NP
stock RB B-ADVP
to TO B-PP
reflect JJ B-NP
realistic NN I-NP
valuations NNS I-NP
to TO B-PP
enhance JJ B-NP
your NN I-NP
ability NN I-NP
to TO B-PP
make JJ B-NP
all DT I-NP
kinds NN I-NP
of IN B-PP
endeavors NNS B-NP
down IN B-PP
the DT B-NP
road NN I-NP
, , O
" IN B-NP
said VBD B-VP
E.F. CD B-NP
Hutton NNP I-NP
Group NNP I-NP
analyst IN B-PP
Michael default B-NP
Lewis default I-NP
. . B-NP
" NN I-NP
They've DT B-NP
outlined VBD B-VP
the DT B-NP
fact NN I-NP
that IN B-SBAR
they're DT B-NP
investing VBG I-NP
heavily NN I-NP
in IN B-PP
the DT B-NP
future NNS I-NP
, , O
which IN B-PP
goes NNS B-NP
heavily NN I-NP
into IN B-PP
the DT B-NP
international JJ I-NP
arena, NN I-NP
" NN I-NP
said VBD B-VP
Lewis CD B-NP
. . O
" default B-VP
. . I-VP
..That . O
does NNS B-VP
not NN B-NP
preclude NN I-NP
acquisitions NNS I-NP
and CC O
divestitures NNS B-NP
along IN B-PP
the DT B-NP
way NN I-NP
, , O
" IN B-PP
he DT B-NP
said VBD I-NP
. . O
Lewis VBZ O
said VBD B-VP
if CD B-NP
American RB I-NP
Express JJ I-NP
reduced VBN I-NP
its NNS I-NP
exposure NN I-NP
to TO B-PP
the DT B-NP
brokerage NN I-NP
business NNS I-NP
by IN B-PP
selling VBG B-VP
part NN B-NP
of IN B-PP
shearson NN B-NP
, , O
its NNS B-NP
stock NN I-NP
might NN I-NP
better IN B-PP
reflect NN B-NP
other IN B-PP
assets NNS B-NP
, , O
such NNS B-NP
as IN B-PP
the DT B-NP
travel NN I-NP
related VBN I-NP
services NNS I-NP
business NNS I-NP
. . O
" NN B-VP
It PRP B-NP
could VBD B-VP
find CD B-NP
its NNS I-NP
true VBD B-VP
water IN B-PP
mark NN B-NP
with IN B-PP
a DT B-NP
lesser JJ I-NP
exposure NN I-NP
to TO B-VP
brokerage VB I-VP
. . O
The DT B-NP
value NN I-NP
of IN B-PP
the DT B-NP
other NN I-NP
components NNP-named I-NP
could VBN B-VP
command VBN I-VP
a DT B-NP
higher NN I-NP
multiple WRB B-ADVP
because NN B-NP
they NN I-NP
constitute VBD B-VP
a DT B-NP
higher NN I-NP
percentage NN I-NP
of IN B-PP
the DT B-NP
total NN I-NP
operating IN B-PP
earnings NNS B-NP
of IN B-PP
the DT B-NP
company NN I-NP
, , O
" IN B-PP
he DT B-NP
said VBD I-NP
. . O
Lewis VBZ O
said VBD B-VP
Shearson CD B-NP
contributed VBN B-VP
316 CD B-NP
mln NN I-NP
in IN B-PP
after-tax JJ B-NP
operating VBG I-NP
earnings NNS I-NP
, , O
up NNS B-NP
from IN B-PP
about NN B-NP
200 CD I-NP
mln NN I-NP
dlrs NN I-NP
in IN B-PP
1985 default B-NP
. . O
Reuter IN B-PP
 CD B-NP
Coleco NNP I-NP
Industries NNP I-NP
Inc NNP I-NP
said VBD B-VP
it PRP B-NP
expects NNS B-VP
to TO B-NP
return JJ I-VP
to TO B-PP
profitability NN B-NP
in IN B-PP
1987 default B-NP
. . O
Earlier NNP B-NP
, , O
Coleco NNP B-NP
reported VBN B-VP
a DT B-NP
net JJ I-NP
loss CD I-NP
of IN B-PP
111.2 CD B-NP
mln NN I-NP
dlrs NN I-NP
for IN B-PP
the DT B-NP
year NN I-NP
ended VBN B-VP
December IN B-PP
31 CD B-NP
compared VBN B-VP
to TO B-PP
a DT B-NP
profit NN I-NP
of IN B-PP
64.2 CD B-NP
mln NN I-NP
dlrs NN I-NP
in IN B-PP
the DT B-NP
year NN I-NP
earlier IN B-PP
. . B-NP
In IN B-PP
a DT B-NP
prepared JJ I-NP
statement NN I-NP
, , O
the DT B-NP
company NN I-NP
said VBD B-VP
the DT B-NP
dramatic NN I-NP
swing IN B-PP
in IN B-PP
operating VBG B-NP
results NNS I-NP
was VBD B-VP
due JJ B-NP
primarily NN I-NP
to TO B-PP
the DT B-NP
steep NN I-NP
decline NN I-NP
in IN B-PP
sales NNS B-NP
of IN B-PP
Cabbage JJ B-NP
Patch NNP I-NP
Kids NNP I-NP
products NNS I-NP
from IN B-PP
600 CD B-NP
mln NN I-NP
dlrs NN I-NP
to TO B-PP
230 CD B-NP
mln NN I-NP
dlrs NN I-NP
. . O
Coleco NNP B-NP
said VBD B-VP
it PRP B-NP
changed VBD B-VP
from VBN I-VP
a DT B-NP
single JJ I-NP
product NN I-NP
company NN I-NP
to TO B-PP
a DT B-NP
more JJ I-NP
diversified CD I-NP
organization NN I-NP
through IN B-PP
four JJ B-NP
major NN I-NP
acquisitions NNS I-NP
last JJ B-NP
year NN I-NP
. . O
Products NNS B-NP
from IN B-PP
the DT B-NP
new NN I-NP
acquisitions NNS I-NP
and CC O
other VB B-VP
new RB B-NP
product NN I-NP
introductions NNS I-NP
are VBP B-VP
expected VBN I-VP
to TO I-VP
enable NNS B-NP
it PRP B-NP
to TO B-VP
return JJ B-NP
to TO B-PP
profitability NN B-NP
, , O
it PRP B-NP
said VBD B-VP
. . O
At RB O
the DT B-NP
annual JJ I-NP
Toy NNP I-NP
Fair NNP I-NP
earlier IN B-PP
this DT B-NP
month JJ I-NP
, , I-NP
vice JJ I-NP
president NN I-NP
Morton NNP I-NP
Handel NNP I-NP
said VBD B-VP
analysts' CD B-NP
1987 NN I-NP
projected VBN I-NP
earnings NNS I-NP
of IN B-PP
90 CD B-NP
cts NNS I-NP
a DT B-NP
share NN I-NP
on IN B-PP
sales NNS B-NP
of IN B-PP
600 CD B-NP
mln NN I-NP
dlrs NN I-NP
are VBP B-VP
reasonable NN B-NP
. . O
Venezuela NNP-5 B-NP
is VBZ B-VP
seeking VBG I-VP
a DT B-NP
'constructive JJ I-NP
and CC I-NP
flexible' NNS I-NP
attitude IN B-PP
from JJ B-NP
its NNS I-NP
creditor NN I-NP
banks NNS I-NP
in IN B-PP
current JJ B-NP
talks NNS I-NP
to TO B-PP
reschedule JJ B-NP
21 CD I-NP
billion NN I-NP
dlrs NN I-NP
in IN B-PP
foreign NN B-NP
debt VBN B-VP
, , O
finance JJ B-NP
minister NN I-NP
manuel JJ I-NP
azpurua NN I-NP
told VBN B-VP
a DT B-NP
press NN I-NP
conference. NN I-NP
He NNP I-NP
declined VBD B-VP
to TO B-PP
comment NN B-NP
on IN B-PP
meetings NNS B-NP
this DT B-NP
week NN I-NP
in IN B-PP
new JJ B-NP
york NN I-NP
between VBN B-VP
public IN B-PP
finances NNS B-NP
director IN B-PP
jorge JJ B-NP
marcano NN I-NP
and CC O
venezuela's VBN B-NP
13-bank NN I-NP
advisory NN I-NP
committee NNP-named I-NP
except NN I-NP
to TO B-PP
say NN B-NP
, , O
" IN B-PP
they NN B-NP
are VBP B-VP
progressing NNS B-NP
. . O
" NNP B-NP
Azpurua NNP I-NP
said VBD B-VP
venezuela NN B-NP
has NNS I-NP
shown IN B-PP
solidarity JJ B-NP
with IN B-PP
brazil's NNS B-NP
decision VBD B-VP
to TO B-PP
suspend CD B-NP
payments NNS I-NP
, , O
but NNS B-NP
each IN B-PP
country NN B-NP
must VBZ B-VP
negotiate RB I-VP
according VBG I-VP
to TO B-PP
its NNS B-NP
own JJ I-NP
interest NN I-NP
. . O
Asked VBD B-VP
to TO B-PP
comment NN B-NP
on IN B-PP
chile's NN B-NP
agreement NN I-NP
with IN B-PP
its NNS B-NP
creditors NN I-NP
today NN I-NP
, , O
which IN B-PP
includes NNS B-NP
an DT B-NP
interest JJ I-NP
rate NN I-NP
margin NN I-NP
of IN B-PP
one CD B-NP
pct NN I-NP
over IN B-PP
libor JJ B-NP
, , O
azpurua NNP B-NP
said VBD B-VP
only NN B-NP
, , O
" IN B-SBAR
that NN B-NP
is VBZ B-VP
good JJ B-NP
news NNS I-NP
. . O
" NNS B-NP
According VBG B-VP
to TO B-PP
banking VBG B-NP
sources NNS I-NP
, , O
the DT B-NP
banks' NN I-NP
latest NN I-NP
offer IN B-PP
to TO B-PP
venezuela CD B-NP
is VBZ B-VP
also RB B-ADVP
a DT B-NP
one JJ I-NP
pct NN I-NP
margin JJ I-NP
as IN B-PP
against NN B-NP
the DT B-NP
last JJ I-NP
february's NN I-NP
1-1/8 CD B-NP
pct NN I-NP
rescheduling VBG I-NP
accord NNS I-NP
and CC O
the DT B-NP
7/8 NN I-NP
pct NN I-NP
Venezuela NNP I-NP
wants NNS I-NP
. . O
Azpurua NNP B-NP
said VBD B-VP
four NN B-NP
basic NN I-NP
elements NNS I-NP
are VBP B-VP
being VBN I-VP
negotiated VBN I-VP
with IN B-PP
the DT B-NP
banks NNS I-NP
now: NN I-NP
spread VBD B-VP
reduction VBN I-VP
, , O
deferral JJ B-ADJP
of IN B-PP
principal JJ B-NP
payments NNS I-NP
due NNS I-NP
in IN B-PP
1987 CD B-NP
and CC I-NP
1988 CD I-NP
, , O
lenghtening VBG B-VP
the DT B-NP
12-1/2 CD I-NP
year NN I-NP
repayment NN I-NP
schedule NN I-NP
, , O
and CC O
debt VBN B-VP
capitalization IN B-PP
schemes NNS B-NP
. . O
Azpurua NNP B-NP
said VBD B-VP
the DT B-NP
governent NN I-NP
plans NN I-NP
to TO B-PP
pay NN B-NP
2.1 CD I-NP
billion NN I-NP
dlrs NN I-NP
in IN B-PP
public NNP B-NP
and CC O
private JJ B-NP
debt NN I-NP
principal NN I-NP
this DT B-NP
year NN I-NP
. . O
It PRP B-NP
was VBD B-VP
due VBD I-VP
to TO I-VP
amortize VB I-VP
1.05 CD B-NP
billion NN I-NP
dlrs NN I-NP
under IN B-PP
the DT B-NP
rescheduling NN I-NP
, , O
and CC O
pay NN B-NP
420 CD I-NP
mln NN I-NP
dlrs NN I-NP
in IN B-PP
non-restructured JJ B-NP
principal NN I-NP
, , O
both IN B-PP
public JJ B-NP
sector NN I-NP
. . O
He NNP B-NP
said VBD B-VP
venezuela's CD B-NP
original JJ I-NP
proposal NN I-NP
was VBD B-VP
to TO B-PP
pay NN B-NP
no RB I-NP
principal JJ I-NP
on IN B-PP
restructured JJ B-NP
debt NN I-NP
this DT B-NP
year NN I-NP
, , O
but IN B-NP
is VBZ B-VP
now RB I-VP
insisting VBG I-VP
that IN B-SBAR
if NNP B-NP
it PRP B-NP
makes VBZ B-VP
payments NNS B-NP
they IN B-PP
be VB B-NP
compensated VBN B-VP
by IN B-PP
new JJ B-NP
bank NN I-NP
loans NNS I-NP
. . O
The DT B-NP
banking VBG I-NP
sources NNS I-NP
said VBD B-VP
the DT B-NP
committee NN I-NP
has NNS B-VP
been VBN I-VP
prepared VBN I-VP
to TO I-VP
lower VB I-VP
amortizations VBN I-VP
to TO B-PP
around IN B-NP
400 CD I-NP
mln NN I-NP
dlrs NN I-NP
this IN B-PP
year NN B-NP
, , O
but IN B-PP
that NN B-NP
no RB B-NP
direct JJ I-NP
commitment NN I-NP
was VBD B-VP
likely JJ B-ADJP
on IN B-PP
new JJ B-NP
loans NNS I-NP
. . O
" CD B-NP
debtors NNS I-NP
and CC I-NP
bank NNS I-NP
creditors NN I-NP
have VBP B-VP
a DT B-NP
joint JJ I-NP
responsibility NN I-NP
and CC O
there DT B-NP
will MD B-VP
be VB I-VP
no RB I-VP
lasting VBG I-VP
solution NN B-NP
unless NNS I-NP
a DT B-NP
positive JJ I-NP
flow NN I-NP
of IN B-PP
financing VBG B-NP
is VBZ B-VP
guaranteed NNS B-NP
, , O
" NNS B-NP
azpurua DT B-NP
said VBD B-VP
. . O
However IN B-ADVP
, , O
he NNS B-NP
appeared VBD B-VP
to TO I-VP
discard VB I-VP
earlier JJ B-NP
venezuelan NN I-NP
proposals NN I-NP
for IN B-PP
a DT B-NP
direct NN I-NP
link NN I-NP
between VBN B-VP
oil JJ B-NP
income NN I-NP
and CC O
debt VBN B-NP
payments NNS I-NP
, , O
"because NNS B-NP
circumstances NNS I-NP
change VBD B-VP
too RB B-ADJP
quickly JJ I-ADJP
. . O
" NNS B-VP
At RB B-ADVP
the DT B-NP
same JJ I-NP
time NN I-NP
, , O
he NN B-NP
said VBD B-VP
the DT B-NP
government NN I-NP
is VBZ B-VP
presently RB I-VP
studying VBG I-VP
possible JJ B-NP
mechanisms NNS I-NP
for IN B-PP
capitlizing VBG B-VP
public NN B-NP
and CC O
private RB B-NP
sector JJ I-NP
foreign NNS I-NP
debt VBD B-VP
, , O
based NNS B-NP
on IN B-PP
experience NN B-NP
in IN B-PP
other JJ B-NP
countries NNS I-NP
. . O
The DT B-NP
rules NN I-NP
would MD B-VP
be VB I-VP
published VBN I-VP
by IN B-PP
the DT B-NP
finance JJ I-NP
ministry NN I-NP
and CC O
the DT B-NP
central JJ I-NP
bank NN I-NP
. . O
Thomson NNP B-NP
McKinnon NNP I-NP
Mortgage NNP I-NP
Assets NNS I-NP
Corp NNP I-NP
, , O
a DT B-NP
unit NN I-NP
of IN B-PP
Thomson NNP B-NP
McKinnon NNP I-NP
Inc NNP I-NP
, , O
is VBZ B-VP
offering IN B-NP
100 CD I-NP
mln NN I-NP
dlrs NN I-NP
of IN B-PP
collateralized VBN B-NP
mortgage NN I-NP
obligations NNS I-NP
in IN B-PP
three DT B-NP
tranches NNS I-NP
that IN B-PP
include JJ B-NP
floating NN I-NP
rate NN I-NP
and CC O
inverse RB B-VP
floating VBG I-VP
rate JJ B-NP
CMOS NNP I-NP
. . O
The DT B-NP
floating VBG I-NP
rate NN I-NP
class NN I-NP
amounts NNS I-NP
to TO B-PP
60 CD B-NP
mln NN I-NP
dlrs NN I-NP
. . O
It PRP B-NP
has VBZ B-VP
an DT B-NP
average JJ I-NP
life NN I-NP
of IN B-PP
7.11 CD B-NP
years NNS I-NP
and CC O
matures NNS B-NP
2018. CD B-PP
The DT B-NP
CMOs JJ I-NP
have NN I-NP
an DT B-NP
initial JJ I-NP
coupon NN I-NP
of IN B-PP
7.0375 CD B-NP
pct NN I-NP
, , O
which IN B-NP
will MD B-VP
be VB I-VP
reset NN B-NP
60 CD I-NP
basis NNS I-NP
points NNS I-NP
above VBP B-VP
LIBOR VBN I-VP
, , O
said VBD B-VP
sole CD B-NP
manager NN I-NP
Thomson NNP I-NP
McKinnon NNP I-NP
. . O
The DT B-NP
inverse JJ I-NP
floater NN I-NP
totals IN B-PP
4.8 CD B-NP
mln NN I-NP
dlrs NN I-NP
. . O
It PRP B-NP
has VBZ B-VP
an DT B-NP
average JJ I-NP
life NN I-NP
of IN B-PP
13.49 CD B-NP
years NNS I-NP
and CC O
matures NNS B-NP
2018. CD B-NP
These NNP I-NP
CMOs NNS I-NP
were VBD B-VP
given JJ I-VP
an DT B-NP
initial JJ I-NP
coupon NN I-NP
of IN B-PP
11-1/2 CD B-NP
pct NN I-NP
and CC O
priced VBN B-VP
at IN B-PP
104.40. CD B-NP
Subsequent JJ I-NP
rates NNS I-NP
on IN B-PP
the DT B-NP
inverse NN I-NP
floater IN B-PP
will DT B-NP
equal JJ I-NP
11-1/2 CD I-NP
pct NN I-NP
minus VBZ B-VP
the DT B-NP
product NN I-NP
of IN B-PP
three DT B-NP
times NNS I-NP
(LIBOR NNP I-NP
minus NNS I-NP
6-1/2 CD B-NP
pct) NNS I-NP
. . O
A RB O
Thomson NNP B-NP
officer IN I-PRT
explained VBN B-VP
that IN B-PP
the DT B-NP
coupon NN I-NP
of IN B-PP
the DT B-NP
inverse NN I-NP
floating IN B-PP
rate JJ B-NP
tranche NN I-NP
would VBN B-VP
increase IN B-PP
if NNP B-NP
LIBOR default I-NP
declined VBD B-VP
. . O
" NN B-VP
The DT B-NP
yield JJ I-NP
floats NN I-NP
opposite NN I-NP
of IN B-PP
LIBOR NNP B-NP
, , O
" CD B-NP
he NN I-NP
said VBD B-VP
. . O
The DT B-NP
fixed-rate JJ I-NP
tranche NN I-NP
totals NNS I-NP
35.2 IN B-PP
mln NN B-NP
dlrs NN I-NP
. . O
It PRP B-NP
has VBZ B-VP
an DT B-NP
average JJ I-NP
life NN I-NP
of IN B-PP
3.5 CD B-NP
years NNS I-NP
and CC O
matures NNS B-NP
2016. CD B-PP
The DT B-NP
CMOs JJ I-NP
were NN I-NP
assigned VBN B-VP
a DT B-NP
7.65 NN I-NP
pct NN I-NP
coupon NN I-NP
and CC O
par RB B-VP
pricing VBG I-VP
. . B-PP
The DT B-NP
issue NN I-NP
is VBZ B-VP
rated VBN I-VP
AAA RB B-ADVP
by IN B-PP
Standard NNP B-NP
and CC I-NP
Poor's NNP I-NP
and CC O
secured JJ B-ADVP
by IN B-SBAR
Federal JJ B-NP
Home . I-NP
Loan NNP I-NP
Mortgage NNP I-NP
Corp NNP I-NP
, , O
Freddie NNP B-NP
Mac NNP I-NP
, , O
certificates NNS B-NP
. . O
OPEC NNP B-NP
may NN I-NP
be VB B-VP
forced VBD I-VP
to TO B-PP
meet NN B-NP
before NN I-NP
a DT B-NP
scheduled JJ I-NP
June CD I-NP
session NN I-NP
to TO B-PP
readdress JJ B-NP
its NNS I-NP
production NN I-NP
cutting VBG I-NP
agreement NN I-NP
if IN B-SBAR
the DT B-NP
organization NN I-NP
wants NNS B-VP
to TO I-VP
halt VB I-VP
the DT B-NP
current NN I-NP
slide NN I-NP
in IN B-PP
oil JJ B-NP
prices NNS I-NP
, , O
oil JJ B-NP
industry NN I-NP
analysts NNS I-NP
said VBD B-VP
. . O
" NN B-VP
The DT B-NP
movement NN I-NP
to TO B-VP
higher VB I-VP
oil JJ B-NP
prices NNS I-NP
was VBD B-VP
never IN B-ADVP
to TO B-VP
be VB I-VP
as IN B-PP
easy NN B-NP
as IN B-PP
OPEC NNP B-NP
thought IN B-PP
. . B-NP
They NNP I-NP
may NN I-NP
need VBD B-VP
an DT B-NP
emergency NN I-NP
meeting VBG B-VP
to TO B-PP
sort NN B-NP
out IN B-PP
the DT B-NP
problems NN I-NP
, , O
" IN B-NP
said VBD B-VP
Daniel CD B-NP
Yergin NNP I-NP
, , O
director IN B-PP
of IN B-PP
Cambridge JJ B-NP
Energy NNP I-NP
Research NNP I-NP
Associates NNS I-NP
, , O
CERA NNP B-NP
. . O
Analysts NNS B-NP
and CC O
oil JJ B-NP
industry NN I-NP
sources NNS I-NP
said VBD B-VP
the DT B-NP
problem NN I-NP
OPEC IN B-PP
faces NNS B-NP
is VBZ B-VP
excess NNS B-NP
oil JJ B-ADJP
supply RB B-ADVP
in IN B-PP
world JJ B-NP
oil NNS I-NP
markets NNS I-NP
. . O
" NN B-NP
OPEC's NNS I-NP
problem NN I-NP
is VBZ B-VP
not RB O
a DT B-NP
price NN I-NP
problem NN I-NP
but NN B-VP
a DT B-NP
production NN I-NP
issue NNS I-NP
and CC O
must JJ B-VP
be VB I-VP
addressed VBN I-VP
in IN B-PP
that DT B-NP
way NN I-NP
, , O
" IN B-NP
said VBD B-VP
Paul default B-NP
Mlotok NNP I-NP
, , O
oil JJ B-NP
analyst NN I-NP
with IN B-PP
Salomon NNP B-NP
Brothers NNS I-NP
Inc NNP I-NP
. . O
He JJ O
said VBD B-VP
the DT B-NP
market's NN I-NP
earlier IN B-PP
optimism JJ B-NP
about NN I-NP
OPEC NNS I-NP
and CC O
its NNS B-NP
ability NN I-NP
to TO B-PP
keep CD B-NP
production NN I-NP
under IN B-PP
control JJ B-NP
have NN I-NP
given NNS I-NP
way NN B-ADJP
to TO B-PP
a DT B-NP
pessimistic NN I-NP
outlook NN I-NP
that IN B-PP
the DT B-NP
organization NN I-NP
must NN I-NP
address NNS I-NP
soon IN B-PP
if NNP B-NP
it PRP B-NP
wishes VBD B-VP
to TO B-PP
regain JJ B-NP
the DT I-NP
initiative JJ I-NP
in IN B-PP
oil JJ B-NP
prices NNS I-NP
. . O
But JJ B-NP
some NN I-NP
other IN B-PP
analysts NNS B-NP
were VBD B-VP
uncertain RB B-ADJP
that IN B-PP
even VBN B-NP
an DT B-NP
emergency NN I-NP
meeting VBG B-VP
would JJ B-NP
address NNS I-NP
the DT B-NP
problem NN I-NP
of IN B-PP
OPEC NNP B-NP
production NN I-NP
above IN B-PP
the DT B-NP
15.8 CD I-NP
mln NN I-NP
bpd NNS I-NP
quota IN B-PP
set NN B-NP
last JJ B-NP
December NNP I-NP
. . O
" IN B-SBAR
OPEC NNP B-NP
has NNS I-NP
to TO B-PP
learn JJ B-NP
that NN I-NP
in IN B-PP
a DT B-NP
buyers NNS I-NP
market NN I-NP
you IN B-PP
cannot NN B-NP
have VBP B-VP
deemed VBN I-VP
quotas NNS B-NP
, , O
fixed NNS B-NP
prices NNS I-NP
and CC O
set NN B-NP
differentials NNS I-NP
, , O
" NNS B-NP
said VBD B-VP
the DT B-NP
regional JJ I-NP
manager NN I-NP
for IN B-PP
one NN B-NP
of IN B-PP
the DT B-NP
major NN I-NP
oil NN I-NP
companies NNS I-NP
who IN B-PP
spoke NN B-NP
on IN B-PP
condition NN B-NP
that IN B-SBAR
he DT B-NP
not NN I-NP
be VB B-VP
named RB I-VP
. . I-VP
" NN I-VP
The DT B-NP
market NN I-NP
is VBZ B-VP
now RB I-VP
trying VBG I-VP
to TO I-VP
teach IN B-PP
them DT B-NP
that NN I-NP
lesson IN B-PP
again NN B-NP
, , O
" IN B-PP
he DT B-NP
added VBD I-NP
. . O
David VBD B-VP
T NNP B-NP
. . I-NP
Mizrahi NNP I-NP
, , O
editor CD B-NP
of IN B-PP
Mideast JJ B-NP
reports NNS I-NP
, , O
expects NNS B-NP
OPEC VBD B-VP
to TO B-PP
meet JJ B-NP
before NN I-NP
June JJ I-NP
, , O
although IN B-SBAR
not JJ B-NP
immediately NN I-NP
. . O
However NNP B-NP
, , O
he CD B-NP
is VBZ B-VP
not RB O
optimistic JJ B-NP
that NN I-NP
OPEC default I-NP
can NN I-NP
address NNS I-NP
its NNS B-NP
principal JJ I-NP
problems NNS I-NP
. . O
" IN O
They NNP B-NP
will MD B-VP
not JJ B-NP
meet NN I-NP
now NN I-NP
as IN B-PP
they NN B-NP
try NN I-NP
to TO B-VP
take VB I-VP
advantage NN B-NP
of IN B-PP
the DT B-NP
winter NN I-NP
demand VBN B-VP
to TO B-PP
sell JJ B-NP
their NN I-NP
oil NNS I-NP
, , O
but NNS B-NP
in IN B-PP
late JJ B-NP
March NNP I-NP
and CC O
April default B-NP
when JJ I-NP
demand VBN I-NP
slackens NNS I-NP
, , O
" NNS B-NP
Mizrahi NNP I-NP
said VBD B-VP
. . O
But JJ B-NP
Mizrahi NNP I-NP
said VBD B-VP
that NN B-SBAR
OPEC default B-NP
is VBZ B-VP
unlikely RB B-ADJP
to TO B-VP
do VB I-VP
anything VBG I-VP
more JJ B-NP
than NN I-NP
reiterate NN I-NP
its NNS I-NP
agreement NN I-NP
to TO B-PP
keep CD B-NP
output NN I-NP
at IN B-PP
15.8 CD B-NP
mln NN I-NP
bpd NNS I-NP
. . O
" NNP B-NP
Analysts NNS I-NP
said VBD B-VP
that IN B-SBAR
the DT B-NP
next NN I-NP
two NN I-NP
months VBZ B-VP
will RB I-VP
be VB I-VP
critical NN B-NP
for IN B-PP
OPEC's NNP B-NP
ability NN I-NP
to TO B-VP
hold VB I-VP
together NN B-NP
prices NNS I-NP
and CC O
output JJ B-NP
. . O
" IN B-PP
OPEC NNP B-NP
must JJ I-NP
hold VBD B-VP
to TO B-PP
its NNS B-NP
pact NN I-NP
for IN B-PP
the DT B-NP
next NN I-NP
six IN B-PP
to TO B-PP
eight JJ B-NP
weeks NNS I-NP
since IN B-SBAR
buyers NNS B-NP
will MD B-VP
come VBN I-VP
back NN B-NP
into IN B-PP
the DT B-NP
market NN I-NP
then VBN B-VP
, , O
" NNP B-NP
said VBD B-VP
Dillard CD B-NP
Spriggs NNS I-NP
of IN B-PP
Petroleum default B-NP
Analysis RB B-VP
Ltd VBN I-VP
in IN B-PP
New NNP B-NP
York NNP I-NP
. . O
But JJ B-NP
Bijan NNP I-NP
Moussavar-Rahmani NNP I-NP
of IN B-PP
Harvard default B-NP
University's NNS I-NP
Energy NNP I-NP
and CC I-NP
Environment JJ I-NP
Policy NNP I-NP
Center NNP I-NP
said VBD B-VP
that NN B-SBAR
the DT B-NP
demand VBN B-VP
for IN B-PP
OPEC NNP B-NP
oil NN I-NP
has NNS I-NP
been VBN B-VP
rising VBG I-VP
through IN B-PP
the DT B-NP
first JJ I-NP
quarter NN I-NP
and CC O
this DT B-NP
may NN I-NP
have VBP B-VP
prompted VBN I-VP
excesses NNS B-NP
in IN B-PP
its NNS B-NP
production NN I-NP
. . O
" CD B-NP
Demand CD I-NP
for IN B-PP
their NN B-NP
(OPEC) default I-NP
oil JJ I-NP
is VBZ B-VP
clearly RB B-ADJP
above JJ I-ADJP
15.8 CD B-NP
mln NN I-NP
bpd NNS I-NP
and CC O
is VBZ B-VP
probably RB B-NP
closer NN I-NP
to TO B-PP
17 CD B-NP
mln NN I-NP
bpd NNS I-NP
or IN B-PP
higher NN B-NP
now RB I-NP
so JJ I-NP
what NN I-NP
we NNS I-NP
are VBP B-VP
seeing IN O
characterized VBN B-VP
as IN B-PP
cheating VBG B-NP
is VBZ B-VP
OPEC NNP B-NP
meeting VBG I-NP
this DT B-NP
demand VBD B-VP
through IN B-PP
current NN B-NP
production NN I-NP
, , O
" IN B-PP
he DT B-NP
told JJ I-NP
Reuters NNS I-NP
in IN B-PP
a DT B-NP
telephone NN I-NP
interview WRB B-ADVP
. . O
BankAmerica NNP B-NP
Corp NNP I-NP
is VBZ B-VP
not RB O
under IN B-PP
pressure NN B-NP
to TO B-PP
act IN B-NP
quickly JJ I-NP
on IN B-PP
its NNS B-NP
proposed VBD B-VP
equity JJ I-VP
offering VBG I-VP
and CC I-VP
would VBN I-VP
do IN B-PP
well JJ B-NP
to TO B-VP
delay NN I-VP
it PRP B-NP
because NN B-NP
of IN B-PP
the DT B-NP
stock's NN I-NP
recent NN I-NP
poor NNS I-NP
performance NNS I-NP
, , O
banking NNS B-NP
analysts NNS I-NP
said VBD B-VP
. . B-NP
Some JJ I-NP
analysts NNS I-NP
said VBD B-VP
they IN B-PP
have NN B-NP
recommended VBN B-VP
BankAmerica NNP B-NP
delay NN I-NP
its NNS I-NP
up VBD B-VP
to TO B-PP
one-billion-dlr CD B-NP
equity NN I-NP
offering VBG I-NP
, , O
which IN B-SBAR
has NNS B-NP
yet VBD B-VP
to TO I-VP
be VB I-VP
approved VBN I-VP
by IN B-PP
the DT B-NP
Securities NNS I-NP
and CC I-NP
Exchange JJ I-NP
Commission NNP I-NP
. . I-NP
BankAmerica NNP I-NP
stock NN I-NP
fell NNS I-NP
this IN B-PP
week NN B-NP
, , O
along IN B-PP
with IN B-PP
other NN B-NP
banking VBG I-NP
issues NNS I-NP
, , O
on IN B-PP
the DT B-NP
news NN I-NP
that IN B-PP
Brazil JJ B-NP
has NNS I-NP
suspended VBD B-VP
interest IN B-PP
payments NNS B-NP
on IN B-PP
a DT B-NP
large JJ I-NP
portion NN I-NP
of IN B-PP
its NNS B-NP
foreign IN B-PP
debt NN B-NP
. . O
The DT B-NP
stock NN I-NP
traded VBN B-VP
around IN B-PP
12 CD B-NP
, , O
down IN B-PP
1/8 NN B-NP
, , O
this IN B-PP
afternoon NN B-NP
, , O
after IN B-PP
falling VBG B-VP
to TO B-PP
11-1/2 CD B-NP
earlier NN I-NP
this IN B-PP
week NN B-NP
on IN B-PP
the DT B-NP
news NN I-NP
. . O
Banking NNP B-NP
analysts NNS I-NP
said VBD B-VP
that IN B-SBAR
with IN B-PP
the DT B-NP
immediate JJ I-NP
threat NN I-NP
of IN B-PP
the DT B-NP
First JJ I-NP
Interstate NNP I-NP
Bancorp NNP I-NP
<I> NNP I-NP
takeover IN B-PP
bid NN B-NP
gone NN I-NP
, , O
BankAmerica NNP B-NP
is VBZ B-VP
under IN B-PP
no NN B-NP
pressure NN I-NP
to TO B-PP
sell JJ B-NP
the DT I-NP
securities NN I-NP
into IN B-PP
a DT B-NP
market NN I-NP
that IN B-NP
will MD B-VP
be VB I-VP
nervous RB B-ADJP
on IN B-PP
bank NN B-NP
stocks NNS I-NP
in IN B-PP
the DT B-NP
near JJ I-NP
term NN I-NP
. . O
BankAmerica NNP O
filed VBD B-VP
the DT B-NP
offer NN I-NP
on IN B-PP
January NNP B-NP
26. CD I-NP
It PRP B-NP
was VBD B-VP
seen JJ B-ADJP
as IN B-PP
one NN B-NP
of IN B-PP
the DT B-NP
major NN I-NP
factors NNS I-NP
leading VBG B-VP
the DT B-NP
First JJ I-NP
Interstate NNP I-NP
withdrawing VBG B-VP
its NNS B-NP
takeover IN B-PP
bid VBN B-NP
on IN B-PP
February NNP B-NP
9. CD I-NP
A RB I-NP
BankAmerica NNP I-NP
spokesman NN I-NP
said VBD B-VP
SEC CD B-NP
approval JJ I-NP
is VBZ B-VP
taking IN B-PP
longer JJ B-NP
than NN I-NP
expected VBN I-NP
and CC I-NP
market JJ I-NP
conditions NN I-NP
must JJ I-NP
now RB B-ADVP
be VB B-VP
re-evaluated VBN I-VP
. . O
" IN B-PP
The DT B-NP
circumstances NNS I-NP
at IN B-PP
the DT B-NP
time NN I-NP
will MD B-VP
determine NN I-VP
what IN B-NP
we JJ B-NP
do NN I-NP
, , O
" IN B-NP
said VBD B-VP
Arthur RB B-ADJP
Miller JJ I-ADJP
, , O
BankAmerica's NNP B-NP
Vice JJ I-NP
President NN I-NP
for IN B-PP
Financial JJ B-NP
Communications NNP I-NP
, , O
when JJ B-NP
asked VBD B-VP
if NNP B-NP
BankAmerica NNP I-NP
would VBD B-VP
proceed NN B-NP
with IN B-PP
the DT B-NP
offer NN I-NP
immediately NN I-NP
after IN B-PP
it PRP B-NP
receives NNS B-VP
SEC NNP B-NP
approval JJ I-NP
. . O
" IN B-PP
I'd NNP B-NP
put NN B-VP
it PRP B-NP
off NNP B-NP
as IN B-PP
long NN B-NP
as IN B-PP
they NN B-NP
conceivably NN I-NP
could VBN B-VP
, , O
" NNP B-NP
said VBD B-VP
Lawrence CD B-NP
Cohn NNP I-NP
, , I-NP
analyst JJ I-NP
with IN B-PP
Merrill default B-NP
Lynch NNP I-NP
, , I-NP
Pierce NNP I-NP
, , I-NP
Fenner NNP I-NP
and CC I-NP
Smith NNP I-NP
. . O
Cohn NNP B-NP
said VBD B-VP
the DT B-NP
longer NN I-NP
BankAmerica NNP I-NP
waits NNS I-NP
, , O
the DT B-NP
longer JJR I-NP
they NN I-NP
have VBP B-VP
to TO I-VP
show WRB I-VP
the DT B-NP
market NN I-NP
an DT B-NP
improved VBD B-VP
financial JJ B-NP
outlook NN I-NP
. . O
Although RB O
BankAmerica NNP B-NP
has NNS I-NP
yet VBD B-VP
to TO I-VP
specify VB I-VP
the DT B-NP
types NNS I-NP
of IN B-PP
equities NNS B-NP
it PRP B-NP
would VBD B-VP
offer IN B-ADVP
, , O
most JJ B-NP
analysts NN I-NP
believed VBN B-VP
a DT B-NP
convertible NN I-NP
preferred VBN I-NP
stock NN I-NP
would VBD B-VP
encompass VBN I-VP
at IN B-PP
least JJ B-NP
part NN I-NP
of IN B-PP
it PRP B-NP
. . O
Such NNP O
an DT B-NP
offering VBG I-NP
at IN B-PP
a DT B-NP
depressed JJ I-NP
stock NN I-NP
price NN I-NP
would VBN B-VP
mean VBN I-VP
a DT B-NP
lower JJ I-NP
conversion NN I-NP
price NN I-NP
and CC O
more RB B-VP
dilution VBN I-VP
to TO B-PP
BankAmerica NNP B-NP
stock NN I-NP
holders NNS I-NP
, , O
noted JJ B-NP
Daniel . I-NP
Williams NNS I-NP
, , O
analyst JJ B-ADJP
with IN B-PP
Sutro NNP B-NP
Group default I-NP
. . O
Several JJ B-NP
analysts NNS I-NP
said VBD B-VP
that IN B-SBAR
while NN B-NP
they NN I-NP
believe VB B-VP
the DT B-NP
Brazilian JJ I-NP
debt NN I-NP
problem NN I-NP
will RB B-VP
continue VBD I-VP
to TO I-VP
hang NNS B-NP
over IN B-PP
the DT B-NP
banking VBG I-NP
industry NN I-NP
through IN B-PP
the DT B-NP
quarter NN I-NP
, , O
the DT B-NP
initial JJ I-NP
shock NN I-NP
reaction NN I-NP
is VBZ B-VP
likely RB B-ADVP
to TO B-PP
ease NNS B-NP
over IN B-PP
the DT B-NP
coming VBG I-NP
weeks NNS I-NP
. . O
Nevertheless NNP B-NP
, , O
BankAmerica, NNP B-NP
which IN B-PP
holds NN B-NP
about IN B-PP
2.70 CD B-NP
billion NN I-NP
dlrs NN I-NP
in IN B-PP
Brazilian JJ B-NP
loans NNS I-NP
, , O
stands NNS B-NP
to TO B-PP
lose JJ B-NP
15-20 CD I-NP
mln NN I-NP
dlrs NN I-NP
if IN B-PP
the DT B-NP
interest NN I-NP
rate NN I-NP
is VBZ B-VP
reduced VBN I-VP
on IN B-PP
the DT B-NP
debt NN I-NP
, , O
and CC O
as IN B-PP
much NN B-NP
as IN B-PP
200 CD B-NP
mln NN I-NP
dlrs NN I-NP
if NNP I-NP
Brazil NNP I-NP
pays NNS B-VP
no RB B-NP
interest NN I-NP
for IN B-PP
a DT B-NP
year NN I-NP
, , O
said VBD B-VP
Joseph NNP B-NP
Arsenio RB I-NP
, , O
analyst JJ B-ADJP
with IN B-PP
Birr NNP B-NP
, , I-NP
Wilson NNP I-NP
and CC I-NP
Co JJ I-NP
. . O
He DT B-NP
noted VBN B-VP
, , O
however IN B-ADVP
, , O
that IN B-SBAR
any NN B-NP
potential JJ I-NP
losses NNS I-NP
would VBD B-VP
not RB B-NP
show JJ I-NP
up NNS I-NP
in IN B-PP
the DT B-NP
current NN I-NP
quarter IN B-PP
. . O
The DT B-NP
Federal JJ I-NP
Deposit NN I-NP
Insurance IN B-PP
Corp NNP B-NP
(FDIC) NNP I-NP
said VBD B-VP
three NN B-NP
troubled VBD I-NP
banks NNS I-NP
in IN B-PP
Texas NNP B-NP
and CC I-NP
Louisiana NNP I-NP
were VBD B-VP
merged VBN I-VP
with IN B-PP
healthy NN B-NP
financial JJ I-NP
institutions NNS I-NP
. . O
The DT B-NP
FDIC NNP I-NP
said VBD B-VP
it PRP B-NP
subsidized VBD B-VP
the DT B-NP
merger NN I-NP
of IN B-PP
Central JJ B-NP
Bank NNP I-NP
and CC I-NP
Trust JJ I-NP
Co NNP I-NP
, , I-NP
Glenmora NNP I-NP
, , I-NP
La. NNP I-NP
, , I-NP
with IN B-PP
the DT B-NP
healthy NN I-NP
Peoples NNS I-NP
Bank NNP I-NP
and CC I-NP
Trust JJ I-NP
Co NNP I-NP
, , O
Natchitoches NNS B-NP
, , O
La. NNP B-NP
, , O
after IN B-PP
state NN B-NP
regulators VBN B-VP
notified VBN I-VP
it PRP B-NP
that IN B-PP
Central JJ B-NP
was NNS I-NP
in IN B-PP
danger NN B-NP
of IN B-PP
failing VBG B-NP
. . O
Central JJ O
had VBD B-VP
assets NNS B-NP
of IN B-PP
28.3 CD B-NP
mln NN I-NP
dlrs NN I-NP
. . O
The DT B-NP
FDIC JJ I-NP
said VBD B-VP
the DT B-NP
deposits NN I-NP
of IN B-PP
the DT B-NP
failed NN I-NP
Farmers NNS I-NP
State VBD B-VP
Bank NNP B-NP
, , O
Hart NNP B-NP
, , O
Tex NNP B-NP
. . O
, , O
were VBD B-VP
assumed VBN I-VP
by IN B-PP
Hale NNP B-NP
County NNP I-NP
State NNP I-NP
Bank NNP I-NP
, , O
Plainview NNP B-NP
, , O
Tex NNP B-NP
. . O
Farmers NNS B-NP
, , O
with IN B-PP
9.6 CD B-NP
mln NN I-NP
dlrs NN I-NP
in IN B-PP
assets NN B-NP
, , O
was VBD B-VP
closed VBN I-VP
by IN B-PP
Texas NNP B-NP
bank NN I-NP
regulators NNS I-NP
. . O
The DT B-NP
deposits NN I-NP
of IN B-PP
the DT B-NP
failed NN I-NP
First IN B-PP
National JJ B-NP
Bank NNP I-NP
of IN B-PP
Crosby NNP B-NP
, , O
Crosby NNP B-NP
, , O
Tex NNP B-NP
. . O
, , O
with IN B-PP
total JJ B-NP
assets NNS I-NP
of IN B-PP
8.2 CD B-NP
mln NN I-NP
dlrs NN I-NP
, , O
were VBD B-VP
assumed VBN I-VP
by IN B-PP
Central JJ B-NP
Bancshares NNS I-NP
of IN B-PP
the DT B-NP
South NNP I-NP
Inc NNP I-NP
, , O
Birmingham NNP B-NP
, , O
Ala. NNP B-NP
, , O
after IN B-PP
First JJ B-NP
National JJ I-NP
was VBD I-NP
closed VBN B-VP
by IN B-PP
federal JJ B-NP
bank NN I-NP
regulators NNS I-NP
, , O
the DT B-NP
FDIC NNP I-NP
said VBD B-VP
. . O
Brazil's JJ O
14-bank NN B-NP
advisory NN I-NP
committee NNP-named I-NP
expressed VBN B-VP
" IN B-PP
grave JJ B-NP
concern NN I-NP
" NN I-NP
to TO B-PP
chief NNP B-NP
debt VBD B-VP
negotiator NN B-NP
Antonio RB B-ADVP
Padua NNP-5 B-NP
de VBD B-VP
Seixas NNS B-NP
over IN B-PP
the DT B-NP
country's NN I-NP
suspension NN I-NP
of IN B-PP
interest JJ B-NP
payments NNS I-NP
, , O
according IN B-PP
to TO B-PP
a DT B-NP
telex NN I-NP
from IN B-PP
committee NN B-NP
chairman NN I-NP
Citibank NNP I-NP
to TO B-PP
creditor NN B-NP
banks NNS I-NP
worldwide VBD B-VP
. . B-NP
Bankers NNS I-NP
said VBD B-VP
the DT B-NP
diplomatic NN I-NP
phrase NN I-NP
belied VBN B-VP
the DT B-NP
deep NN I-NP
anger IN B-PP
and CC O
frustration VBN B-VP
on IN B-PP
the DT B-NP
committee NN I-NP
over IN B-PP
Brazil's NNP B-NP
unilateral JJ I-NP
move NN I-NP
last JJ B-NP
Friday NNP I-NP
and CC O
its NNS B-NP
subsequent JJ I-NP
freeze NNS I-NP
on IN B-PP
some DT B-NP
15 CD I-NP
billion NN I-NP
dlrs NN I-NP
of IN B-PP
short-term NN B-NP
trade NN I-NP
and CC O
interbank RB B-NP
lines NNS I-NP
. . O
Seixas NNS B-NP
, , O
director NNS B-NP
of IN B-PP
the DT B-NP
Brazilian JJ I-NP
central NN I-NP
bank's NNS I-NP
foreign IN B-PP
debt NN B-NP
department NN I-NP
, , O
met IN B-PP
the DT B-NP
full JJ I-NP
panel NN I-NP
on IN B-PP
Tuesday NNP B-NP
and CC I-NP
Wednesday NNP B-NP
. . O
Seixas NNS B-NP
, , O
who NNS B-NP
met NN I-NP
again IN B-PP
this DT B-NP
morning VBG I-NP
with IN B-PP
senior NNP B-NP
Citibank NNP I-NP
executive JJ I-NP
William . I-NP
Rhodes NNS I-NP
and CC I-NP
representatives NNS I-NP
from IN B-PP
committee NN B-NP
vice-chairmen VBN I-NP
Morgan NNP I-NP
Guaranty NNP I-NP
Trust JJ I-NP
Co NNP I-NP
and CC I-NP
Lloyds NNP I-NP
Bank NNP I-NP
Plc NNP I-NP
, , O
told JJ B-NP
the DT I-NP
banks NNS I-NP
that IN B-PP
the DT B-NP
government NN I-NP
was VBD B-VP
preparing VBG I-VP
a DT B-NP
telex NN I-NP
to TO B-PP
explain NNS B-NP
and CC O
clarify VB B-VP
the DT B-NP
freeze NN I-NP
on IN B-PP
short-term JJ B-NP
credits NN I-NP
. . O
The DT B-NP
telex NN I-NP
could VBN B-VP
be VB I-VP
sent NN B-NP
to TO B-PP
creditors NN B-NP
as IN B-PP
early NN B-NP
as IN B-PP
today NN B-NP
, , O
bankers NNS B-NP
said VBD B-VP
. . O
Despite JJ O
the DT B-NP
rising VBG I-NP
tempers NNS I-NP
, , O
bankers NNS B-NP
said VBD B-VP
there EX B-NP
are VBP B-VP
no RB I-VP
plans VBN I-VP
for IN B-PP
Brazilian NNP B-NP
finance NN I-NP
minister NN I-NP
Dilson NNP I-NP
Funaro NNP I-NP
to TO B-PP
meet JJ B-NP
commercial NN I-NP
bankers NNS I-NP
during IN B-PP
his NNS B-NP
trip VBD B-VP
to TO B-PP
Washington NNP B-NP
on IN B-PP
Friday NNP B-NP
and CC O
Saturday NNP B-NP
. . I-NP
Funaro NNP I-NP
will MD B-VP
be VB I-VP
explaining VBG I-VP
Brazil's NNS B-NP
actions VBD B-VP
to TO B-PP
U.S. NNP B-NP
Treasury NNP I-NP
Secretary NNP I-NP
James NNP I-NP
Baker NNP I-NP
, , O
Federal JJ B-NP
Reserve . I-NP
Board NNP I-NP
chairman NN I-NP
Paul default I-NP
Volcker NNP I-NP
and CC I-NP
International JJ I-NP
Monetary NNP I-NP
Fund NNP I-NP
managing VBG B-VP
director IN B-PP
Michel default B-NP
Camdessus NNP I-NP
before NN I-NP
travelling IN B-NP
to TO B-VP
Europe VB I-VP
at IN B-PP
the DT B-NP
weekend JJ I-NP
. . O
Sentence NN B-NP
number NN I-NP
1 CD I-NP
has VBZ B-VP
6 CD I-NP
words NNS I-NP
. . O
Sentence NN B-NP
number NN I-NP
2 CD I-NP
, , O
5 CD B-NP
words NNS I-NP
. . O