A Wall Street Journal News Roundup

Corrections & Amplifications
NORTHERN TRUST Corp. doesn't have any offices in the World Trade Center, as was incorrectly stated in a tenant listing in yesterday's edition. In August 2000, Northern Trust International Banking Corp. moved from the World Trade Center to 40 Broad St., New York. (WSJ Sept. 13, 2001)

The devastation of the World Trade Center wiped out a symbol of America but also a very real center of U.S. business and financial life.

Among the hundreds of tenants housed in the two 110-story buildings were many brokerage firms and banks, law offices, technology companies, trading firms and other businesses, all occupying prized office space within a five-minute walk of Wall Street itself.

More than 50,000 people regularly worked in the Twin Towers and other World Trade Center buildings, with tens of thousands more -- including many tourists visiting a sky-high observation deck and shoppers crowding ground-level retail outlets and banks -- moving through the complex each day. Many people escaped before the destruction of the landmark buildings, but amid the chaos, the toll of dead and injured was unclear.

Many hours after the jetliners crashed into the buildings, tenant companies were struggling to obtain information on the status of their employees and to offer what comfort they could to family and relatives.

Numerous foreign banks favored the World Trade Center for their New York offices, including Germany's Deutsche Bank AG, which occupied four floors. Government offices also were located throughout the complex; Secret Service agents traveling with President Bush say about 200 agents were stationed in the World Trade Center office.

Among domestic financial firms, Morgan Stanley, based in midtown Manhattan, was one of the World Trade Center's largest tenants, with about 20 floors as a result of its of acquisition of Dean Witter, which long had its offices in the Twin Towers. Yesterday morning, Morgan Stanley President Robert Scott was at a conference in his firm's offices, addressing about 400 economists and investors at a meeting of National Association of Business Economists. Mr. Scott's topic: the investment opportunity stemming from the savings of baby boomers in coming years. Suddenly, the chandeliers started shaking, and Mr. Scott stopped.

People started leaving the room, first walking and then running. Mr. Scott made it out of the building safely, though Morgan Stanley yesterday couldn't say how many of its World Trade Center employees were unaccounted for.

"Our immediate focus and concern are for the well-being and safety of Morgan Stanley employees," said Phil Purcell, chairman and chief executive of the brokerage and investment-banking firm. "Some 3,500 people working for Morgan Stanley's individual-investor businesses were based in the World Trade Center complex, and we are working diligently with local authorities to determine the facts regarding their safety."

Because of the confusion and evacuation of the injured to hospitals, the safety of some building occupants was hard to determine. David Alger, head of Fred Alger Management Inc. which occupied the 93rd floor of the North Tower, remained unaccounted for last evening, a family member said. His family had no information on any of the firm's employees, the family member said.

Mr. Alger's funds built some of the best performance records in the mutual-fund industry during the past decade by investing in fast-growing companies, and he was one of the first mainstream money managers to embrace Internet stocks. His firm is also known as a training ground for young analysts, several of whom hold top positions in major firms, including Stilwell Financial Inc.'s Janus Capital Corp.

Cantor Fitzgerald, one of the country's biggest bond dealers responsible for trading as much as a third of all U.S. government bonds, had offices on some of the highest floors -- between the 101st and 105th floors of the North Tower. "We are doing everything we can to assess the situation, focusing mainly on the state of our employees," a spokeswoman said, declining to elaborate.

Brent Glading, a salesman for MassMutual Financial Group's OppenheimerFunds Inc., was on the 33rd floor of the South Tower yesterday morning when the first plane hit the North Tower. He headed down the stairs, but then there was an announcement over the building's public address system that said a plane had hit the North Tower but that the South Tower was secure. So he and others began heading back to their offices.

Mr. Glading, who had made it down to the sixth floor, had climbed up to the 20th when the jetliner smashed into his building. "I have to believe that anyone who was in the process of evacuating may have stopped," he said, adding the flow of people down the stairs thinned significantly. "It was too premature to make that kind of announcement," said Mr. Glading, who escaped uninjured. When the plane hit, Mr. Glading was in the stairwell and smelled smoke. "The building was shaking like hell, and I thought I better get out of here," he said.

Executives of money-management firm Fiduciary Trust Inc., a unit of Franklin Resources Inc., said many of the 500 employees who worked in the complex had gotten out, but officials didn't have an exact count. "We've been incredibly lucky; people we knew were in there got out," said Anne Tatlock, the firm's chairman and chief executive.

Fiduciary Trust, which occupied five floors that were located high in the South Tower, caters to investors of substantial net worth and used its elegant offices to help woo clients, who often paused to admire the amazing views when they visited.

Ms. Tatlock was in Omaha, Neb., at a conference sponsored by Warren Buffett when she heard about the disaster. "I thought, why would they joke, then I saw the TV," she said.

Network Plus Corp., Randolph, Mass. said all 21 employees working in offices on the 81st floor of the North Tower were able to evacuate. The telecommunications provider said the office employs about 40 people, but many of those workers were out in the field.

But a representative in the Hartford, Conn., office of investment-banking firm Keefe, Bruyette & Woods, which had offices on the 89th floor of the South Tower, said the company hadn't accounted for all the 150 bankers, traders and research analysts who normally work in the building.

The firm had developed plans for emergencies after the World Trade Center bombing in 1993. Yesterday, however, officials outside of the Manhattan office had only very sketchy information and were swamped fielding calls from worried family members. "I have no idea what we are going to do now," a spokesman said. "We are operating on a personal level today, obviously."

A spokesman for MassMutual Financial Group said all of the roughly 600 employees in their offices in the South Tower survived the attack. He said the firm, with $127 billion in assets, would be ready to operate when markets reopen and that OppenheimerFunds, which had its headquarters in the World Trade Center, would relocate its critical services.

Law firm Harris Beach & Wilcox LLP had 113 people, including 50 attorneys, working on the 85th floor of the South Tower. "The difficulty is that we can't obtain information. We can't reach the 212 area code." Timothy Gleason, a spokesman for the company's office in Rochester, N.Y., said during the day. Gunther K. Buerman, a managing director added: "Right now, for all of us, people are first, business is secondary."

Full List of World Trade Center Tenants

TENANTS (INDUSTRY) FLOOR(S)/SUITE(S)
SOUTH TOWER

CINDE Continental Co. (insurance)
Xerox Document Co. (manufacturing) BSMT
Johnston & Murphy concord
NicholsFoundation (government/schools) GRND
Verizon commun. (telecom) 9-12
Colortek Kodak Imaging (services) 1
EuroBrokers (investments) 12
Charna Chemicals (manufacturing) 14
Paging Network, New York (telecom) 14
Patinka intl. Inc. Business (services) 14
Union Bank of California Intl. 14
Candia Shipping (wholesalers) 15
James T. Ratner, (law) 15
John J. McMullen Assoc. (engineers) 15
John W. Loofbourrow Assoc.(investments) 15
Orient Intl. 15
Mancini Duffy (architects) 15, 21, 22
National Develop & (research) 16
N.Y. Inst. of Finance (consulting) 17
Caserta & Co. 18
Alliance consulting (consulting) 18
Chen, Lin, Li, & Jiang, LLP (investments) 18
Intera Group Inc. (employ agencies) 18
Abad, Castilla & Mallonga (law) 18
Pines Investment 18
Professional Assist. & Consultng 18
Weiland intl. (investments) 18
Showtime Pictures 18,107
Waterfront Commission of New York Harbor 19
N.Y. Shipping Assoc. (transp./util.) 19,20
Thacher, Proffitt & Wood (law) 20, 38-40
Adecco SA (employ agencies) 21
Career Engine (research) 21
Charoen Pokphand USA (trans./util). 21
Antal intl. (employ agencies) 22
Sinochem American Holdings (investments) 22
Washington Mutual 22
SCOR U.S. Corp. Agencies (insurance) 23, 24
Unistrat Corp. of America (consulting). 23
Allstate Co. (insurance) Agencies 24
China Chamber of Commerce Organizations 24
December First Productions, LLC 24
Globe Tour & Travel Tours 24
Sinolion (USA) 24
TD Waterhouse Group (investments) 24
Sun Microsystems Comp. (services) 25,26
Big A Travel (Travel) 28
Hua Nan Commercial Bank (financial) 28
law Office of Joseph Bellard (law) 28
New York Stock Exchange 28-30
Weatherly Securities Corp. (investments) 29
Hartford Steam Boiler Agencies (insurance) 30
Oppenheimer Funds (investments) 31-34
Commerzbank Capital Markets (investments) 32
ABN-AMRO Mortgage Brokers 35
Frenkel & Co. (insurance) Agencies 35, 36
Sitailong Intl. USA 40
Morgan Stanley (investments) 43-46,56,59-74
Guy Carpenter Agencies (insurance) 47-54
Fireman's Fund Co. (insurance) 48
Seabury & Smith (insurance) 49
Garban Intercapital 55
First Commercial Bank (financial) 78
Fuji Bank (Banks) 79-82
bepaid.com 84
Harris Beach & Wilcox, LLP (law) 85
Keefe, Bruyette,Woods (investments) 85, 88, 89
NY State Dept. of Taxation & Finance 86, 87
Corp. Service Co. 87
Fiduciary Trust Co. Intl. Banks 90,94,95,96,97
Gibbs & Hill (engineers) 91
Raytheon Co. (manufacturing) 91
AON corp. Agenc.(insurance) 92, 99, 100
Regus Business Centres Employment Agenc. 93
Sandler O'Neill & Partners (investments) 104
Atlantic Bank of New York Banks 106
Alan Anthony (consulting)
Cedel Bank (investments)
LG (insurance) Co.
Northern Trust Intl. Banking Corp. financial inst.
Royal Thai Embassy Office (government/schools)
Tes USA (investments)
United Hercules Inc. Travel Agencies/Tours
NY Coffee Station
Ann Taylor Loft CNCR
Strawberry Retailers CNCR
Avis LBBY
Delta Airlines LBBY
Olympia Airport Express LBBY
Lehman Bros.suites 4047, 3841, 3941
Port Authority of New York & New Jersey 3, 14, 19, 24, 28, 31
Gayer, Shyu & Wiesel Accountants 5
Thai Farmers Bank
Banks/financial inst. 7
Amerson Group Co. Organizations 8
Bank of America
Banks/financial inst. 9-11, 81
Porcella Vicini & Co. 11
Primarch Decision Economics (consulting) 11
Instinet (investments) 13, 14
Dun & Bradstreet (Research) 14
Landmark Education corp. (government/schools) 15
California Bank & Trust Banks/financial inst. 16
Zim-American Israeli Shipping Co. 16, 17
Empire Health Choice Agencies(insurance) 17, 19, 20, 23, 24, 27-31
Avesta Computer (services),
Ltd. Data Processing 21
Continental Logistics Business (services) 21
Dongwon Securities Co. Ltd. (investments) 21
Dr. Tadasu Tokumaru, M.D. Doctors 21
Friends Ivory & Sime (investments) 21
Friends Villas Fischer Trust (investments) 21
Infotech 21
law Offices of Roman V. Popik (law) 21
Lief Intl. USA (manufacturing) 21
Tower Computer Service Retailers 21
United Seamen's Service AMMLA (Social services)21
Cheng Xiang Trading USA Inc.(Computer services)22
Chicago Options Exchange Corp. (investments) 22
G.C. Collection Agencies (services) 22
Gold Sky Inc. (manufacturing) 22
Kaiser Overseas Inc. (manufacturing) 22
Karoon Capital Management (investments) 22
MLU Investment 22
P. Wolfe Consult. (consulting). 22
The SCPIE Companies 22
Tai Fook Securities (investments) 22, 39
Unicom Capital Advisors LLP (investments) 22, 84
R.H. Wrightson & Assoc. (investments) 25
Garban-Intercapital (investments) 25-26
China Patent & Trademark USA (law) 29
World Travel Travel Agencies/Tours 29
Banco LatinoAmericano de Exportaciones 32
Chang HWA Commercial Bank 32
Rohde & Liesenfeld 32
Berel & Mullen (law) 33
China Daily Distribution Corp. (services) 33
Data Transmission Network Corp. 33
Golden King (USA) Limited 33
Hu Tong Intl. (USA) Co., Ltd. (wholesalers) 33
Koudis Intl. Inc. 33
MANAA Trading Group (investments) 33

NORTH TOWER

MIS Service Co. 33
Rachel & assoc. (manufacturing) 33
Serko & Simon (law) 33
Anne Pope, law Offices of (law) 35
Kemper insurance Companies (insurance) 35,36
Commodity Futures Trading Comm. (investments) 37
government of Thailand 37
Regional Alliance Small Contractors Construction38
Turner Construction Co. Construction 38
Lehman bros. 38-40
Overseas Union Bank, Ltd. Banks/financial inst.39
The Cultural Inst. Retirement Systems Trusts39
Xcel Federal Credit UnionBanks/financial Inst. 39
Mechanical Floor 41-43
N.Y. Society of Security Analysts 44
American Lota Intl. 45
China Construction America Construction 45
Dunavant Commodity Corp (investments) 45
Employee Merit (Employ Agencies) 45
Fertitta Enterprises 45
M.A. Katz, CPA Accountants 45
Sassoons Inc. 45
Security Traders Assoc. Organizations 45
SRA 45
Streamline Capital, LLC 45
The Co. Store Retailers 45
Pure Energy Corp. (wholesalers) 45, 53
ASTDC Organizations 46
Auto Imperial Co. (wholesalers) 46
Blue Sky Technologies Computer (services) 46
Can-Achieve (consulting). 46
Consolidated Steelex Corp. (manufacturing) 46
Dahao USA Corp (wholesalers) 46
J & X Tans Intl. 46
Kanebo Information Systems Corp., U Computers 46
Meganet Management consult., Inc Computers 46
Prospect Intl. 46
Sinopec USA (wholesalers) 46
Suggested Open Systems Computer (services) 46
Suntendy America (wholesalers) 46
T&T Enterprises Intl. Inc Miscellaneous 46
Yong Ren America 46
G. Z. Stephens (Employ Agencies) 47
NFA/GGG 47
Pacific American Co. (wholesalers) 47
Quint Amasis, L.L.C. Business (services) 47
W.J. Export-Import (wholesalers) 47
American TCC Int'l Group (investments) 47, 90
Dai-Ichi Kangyo Trust Co. Trusts 48-50
AT&T Corp. (telecom) 51
C & P Press Business (services) 51
Bramax (USA) Corp. (manufacturing) 52
Gayer Shyu & Wiesel (investments) 52
Hill Betts & Nash, LLP (law) 52
Howly (US) corp. 52
Leeds & Morrelli (law) 52
Okasan Intl. (American) Inc. (investments) 52
RGL Gallagher PC Accountants 52
Richard A. Zimmerman, Esq. (law) 52
The Williams Capital Group 52
Temenos USA (wholesalers) 52, 84
A I G Aviation Brokerage (insurance) Agencies 53
Bank of Taiwan 53
China Resource Products USA Ltd. 53
Keenan Powers & Andrews (law) 53
LoCurto & Funk (investments) 53
Natural Nydegger Transport Corp. 53
Pacrim Trading & Shipping 53, 78
Brown & Wood, L.L.P. (law) 54, 56-59
Pace University (government/schools) 55
World Trade Inst. 55
Asahi Bank, Ltd. 60
Airport Access Program 63
Hal Roth Agncy (insurance) Agencies 77
Jun He law Office, LLC (law) 77
Martin Progressive LLC Computer (services) 77
New-ey Intl. Corp. Business (services) 77
World Trade Centers Assoc. Organizations 77
Avenir Computer (services) 78
Baltic Oil Corp. 78
Cedar Capital Management Assoc. 78
Cheng Cheng Enterprises Holding Inc Retailers 78
Geiger & Geiger (law) 78
Hyundai Securities Co., Ltd. (investments) 78
Intl. Trade Center Public Relations Agencies 78
Korea Local Authorities Foundation 78
Meridian Ventures Holding 78
Phink Path (Employ Agencies) 78
Traders Access Center (investments) 78
Daynard & Van Thunen Co. (insurance) Agencies 79
First Liberty Investment Group (investments) 79
intl. Office Centers corp. Business (services) 79
Nikko Securities 79
Okato Shoji Co., Ltd. Computer (services) 79
Securant Technologies Computer (services) 79
Agricor Commodities Corp. (investments) 80
Intrust Investment Realty 80
Noga Commodities Overseas (investments) 80
RLI (insurance) Co. (insurance) Agencies 80
Shizuoka Bank Ltd. 80
The Beast.Comm Computer (services) 80
Network Plus (telecom) 81
New Continental Enterprises 81
NY Metro Transp. Council (government/schools) 82
eMeritus Commun. (telecom) 83
General (telecom) 83
Global Crossings Holdings Ltd. Computer (services)83
Lava Trading, LLC 83
Taipei Bank 83
Bright China Capital, Ltd. (investments) 84
David Peterson (law) 84
KITC (investments) 84
LG Securities America (investments) 84
San-In Godo Bank Ltd. 84
SMW Trading Corp. (investments) 85
Thermo Electron 85
Julien J. Studley Real Estate 86
May Davis Group (investments) 87
Barcley Dwyer 89
Broad USA (wholesalers) 89
CIIC Group (USA), Ltd. (investments) 89
Daehan Intl. (investments) 89
Drinker Biddle & Reath (law) 89
Metropolitan Life Co. (insurance) 89
Mutual Intl. Forwarding 89
Strategic Commun. (telecom) 89
Wai Gao Qiao USA (consulting). 89
Wall Street Planning assoc. 89
The Chugoku Bank, Ltd. 90
American Bureau of Shipping (engineers) 91
Fred Alger Management (investments) 93
Marsh USA (insurance) Agencies 93-100
Kidder Peabody & Co. 101
Cantor Fitzgerald Securities (investments) 101-105
The Nishi-Nippon Bank, Ltd. 102
Channel 4 (NBC) (television) 104
Windows on the World Retailers 106
Greatest Bar on Earth 107
World Trade Club 107
Channel 11 (WPIX) (television) 110
Channel 2 (WCBS) (television) 110
Channel 31 (WBIS) (television) 110
Channel 47 (WNJU) (television) 110
Channel 5 (WNYW) (television) 110
CNN 110