4 - the core of our Company's business. We are still the world's leading manufacturer of electrical equipment for utilities, industry, and the home, and we intend to maintain that position. These are solid, high-return businesses which though growing more slowly provide a steady base of earnings. Our turbine-generators set the standard for the world in quality and reliability. In nuclear energy we are spending significant amounts on engineering and development in support of projects now in our backlog. Energy policy today is more a matter of politics than of technology, but whatever the mix of energy sources the nation decides to pursue, General Electric is well positioned to make a profitable contribution. And of course, the energy opportunity is worldwide in scope. Likewise, in our consumer and industrial products, we are pursuing a strategy of quality and technical innovation. New consumer products such as flip-flasn photo lamps, lucalox lighting, the smoke alarm, and high-performance TV illustrate the continued emphasis on innovation. The same emphasis on quality and innovation marks our strategy for industrial components and systems a market with worldwide dimensions as other nations accelerate their programs of industrialization. Business spending for capital equipment is lagging around the world, and governments are finally beginning to recognize the need to stimulate greater capital formation if they want to return to economic health and full employment. We intend to participate broadly in the job of upgrading the world's industrial capacity.