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But I don't Imagine the outcomes which you noticed for your quarter throughout thosebusinesses are any indications of incapability to contend. What is actually taking place in themortgage market place, I also Do not Consider has any reflection on that. Candidly, thishas been a quite challenging current market to simply call.

Nicely, the majority of the decline inside the fairness revenues arrived fromthe drop in structured fairness revenues. Now, we experienced a file quarter in thethird quarter, fourth quarter. Consumer volumes were not undesirable, though the marketwas exceptionally risky, and we had decrease performance from our SCP area as aresult.

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Partially offsetting the losses from our credit investing businesseswere advancement within our leverage finance space, which rebounded in the poorresults in the sequential quarter.

Out tax level for that quarter, was a advantage of 38%reflecting The online decline in advance of revenue taxes and relatively website mounted degree oftax-preference products.

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So, just--I don't want To place phrase to the mouth--but what Ithink I have read you are saying, is that Using the closing from the CITICtransactions, you should expect that by mid-calendar year that you're Tier I and Tier IIwould be again where there have been say at mid-yr 2007, is the fact that truthful?

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Usually Those people are revenues, while in the fourth quarter therewere losses from your publish-downs of mortgage facilities possibly leverage finance ormortgage merchandise so we attempt to strip These out and talking about how thebusiness flows glance inside the fourth quarter and I feel These figures that wegave for investment decision banking underwriting revenues are a truer a picture of thevolume of action.

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