Table: Disappearing Act: Earnings Estimates

Standard & Poor's 500-stock index*

ON DEC. 31 ON JAN. 31 ON MAR. 12

FIRST QUARTER 2001 5.1% 0.6% -5.8% SECOND QUARTER 2001 5.5 1.1 -3.0 FULL YEAR 2001 9.2 6.5 2.7

* Consensus (earnings estimates)

Data: Thomson Financial/First Call

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