Good evening, ladies and gentlemen, It is occasions like this that drive home the fact that you are indeed an old model - neither an Antique nor a Classic but just a used car no longer under warranty. It is also a time when the temptation to reminisce is irresistible. I first reported for work to the Standard Oil Company of California - now Chevron - on April 1st, 1938, complete with an MBA and Phi Beta Kappa Key from Stanford and garters to hold up my socks. However, it was quickly made clear to me by my boss that a condition of continuous employment required that I buy a hat which I was unfailing to remove from my head whenever a person of the opposite sex entered the elevator. With my office on the 17th floor and the only ladies' rest room on the third floor, this was no small problem in crowded elevators during the rush hours. These were the days when cigarette smoking was fashionable, grass was mowed, coke was something that you drank, and pot was something that you used for cooking. For the most part people got married first and lived together afterwards. Poetry rhymed. There were Five and Ten Cents Stores where you could actually buy things for five and ten cents. For a nickel you could ride the street car, ride the ferry, make a phone call, buy a soda pop, and get change when you bought a newspaper or a stamp. A dollar would just about fill the gas tank. In the 21 years that I have served on this board I have witnessed the coming of color TV, Xerox copiers, FAX machines, diet drinks, state lotteries, zip codes, microwave ovens, bank credit cards - and, although lacking the revolutionary impact of the PILL on the morals and mores of Americans, - topless bathing suits and panty hose. Jet airliners have shrunk the continent and brought big league baseball west of St. Louis. When Ernie Arbuckle came in as Chairman, I was appointed to chair a special committee charged with considering "the composition, structure, and operating procedures of the board." Freely translated, the assignment in part was to find an orderly way to reduce the number of faces around the board table, which was getting very crowded. Part of the problem was that seating was on a seniority basis and Ernie sat at the end of the table surrounded by directors emeriti including three former chairmen and one former president. The newer active directors were all below the salt and barely within eyesight.