Washington
REPUBLICANS ON THE SENATE Special Whitewater Committee tried yesterday at a hearing to paint Dan Lasater as a close friend of Bill Clinton's who did numerous favors for Clinton when he was governor of Arkansas and whose securities firm was then allowed to become a major municipal bond player in the state. Page 4
The Regions
FUND-RAISING OFFICIALS for New York Gov. George Pataki are specifying ways for municipal finance broker-dealers to contribute money to the state Republican Party without violating the letter of the Municipal Securities Rulemaking Board's Rule G-37. Page 2
MUTUAL FUND MANAGERS say they are baffled by a report that the Justice Department is investigating whether several large investors violated antitrust laws by allegedly boycotting an Illinois bond issue while state legislation harmful to bondholders was pending. Page 3
STANLEY CIEMNECKI, managing director and head of municipal trading and underwriting at Lehman Brothers Inc., was named to head the firm's entire municipal product department, succeeding D. Lee Hayes, who resigned as municipal product department head yesterday. Page 5
Investors & Investing
INVESTORS MAY BE ABLE TO PROFIT from the time lag between news announcements and subsequent changes in the market price of municipal bonds, according to a new study by Gary Lasman and Matt Rosenthal, analysts at Muller Data Corp. Page 7
SOME PREREFUNDED BONDS are more equal than others, according to investors interviewed by The Bond Buyer. Page 6
Retail
SIX PERCENT PROVED TO BE a bit less magic in April than it did in March as individual investors pulled back from the market in the hope of even higher yields. Page 8
Southeast
DEBATE OVER $1 BILLION OR MORE of school bonds and how to pay for up to $500 million of legal liabilities will galvanize North Carolina lawmakers when they enter a six-week shortened session this month. Page 25
Underwriters & Dealers
CHICAGO-BASED HEALTH CARE SPECIALIST Ziegler Securities is seeking to tighten its grip on that market as well as bolster its presence in the housing sector. Page 34
Listings
Bond Redemptions Pages 21-23
Bond Activities Calendar Page 35
Executive Placement Page 17
Market Statistics Pages 37-39
New-Issue Calendar Page 12
