Table: ...Analysts Ratchet Down Projections...

Expected second-quarter S&P 500 earnings growth as of:

1/1/00 5.4% 3/1/00 -2.2% 5/1/00 -11.0% 7/1/00 -17.3% 7/30/00 -17.2%

Data: Thomson Financial/First Call

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