Despite a volatile environment, our fundamentals remain very strong, as we achieved double-digit earnings growth across all six of our businesses.

We really don't see a double dip, just slow economic growth,

We remain prepared to deliver double-digit earnings growth in 2001, but most importantly we're excited about how well GE is positioned for the future,

We are right on plan for the year. Our growth initiatives are performing well, our fundamentals are solid, our orders are up, and we have a healthy cash flow stream.

At the forefront of GE's 2006 strategic plan is the goal to further promote growth, employment, transfer of knowledge and technology across the Middle East. Building on the successes of 2005 in the region, we will explore development opportunities in these key areas.

These results are pleasing in that good revenue growth was achieved in the current low inflationary environment but many businesses experienced cost increases in excess of inflation, due to start-up costs of increasing capacity and fuel price rises.