Norwest Corporation and Subsidiaries - Page 29

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          anticipated that the project could be accomplished with the                 
          available resources.  Further, the major risks to the project               
          appear to have related to the ability to develop the software               
          within tight time constraints--a business risk, not a technical             
          risk.  In sum, the project simply falls short of one that could be          
          characterized as venturing into uncharted territory.                        
               D.  General Ledger                                                     
               Dr. McDermott identified the "shadow files" system as the              
          major technical challenge of the general ledger project, allowing           
          virtual access to real-time data while continuing to run batch              
          processing only once per day.  He stated that the logical problems          
          that had to be solved for this system were "complex and hard to get         
          right".                                                                     
               Dr. Davis described the changes to the general ledger system           
          as "remarkably small-scale, routine modifications".  He stated that         
          the issues raised by the performance problems were routine, and             
          that the solutions were well known and could be accomplished                
          through good coding practices and established methodologies.                
               Mr. Teixeira stated that the general ledger system from FCS,           
          which Norwest purchased, was used at over 30 of the top 100 U.S.            
          banks during the relevant period.  Moreover, he stated that the             
          work performed by NTS did not provide any significant technical             
          innovations beyond those which the vendor had designed and                  
          delivered.                                                                  





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