Will M. McEuen III and Tracy L. McEuen - Page 4

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               Petitioner went to work for Raymond James Financial, Inc.              
          (James), in June of 1995.  Petitioner was hired as a financial              
          analyst with the corporate finance department of James.  At the             
          time of her employment, the department described itself as                  
          consisting of "23 investment bankers and eight financial                    
          analysts".  The financial analyst program at James was a 2- to 3-           
          year program.  In order to be an "associate" at James, an M.B.A.            
          degree was required.                                                        
               In the investment banking industry during the years 1995 and           
          1996, an M.B.A. degree was required to obtain a position as an              
          associate with an investment banking firm.                                  
               Analysts at James are evaluated according to fairly                    
          subjective criteria such as:  (a) Mastery of analytics; (b)                 
          attention to detail; (c) teamwork and positive attitude; and (d)            
          communication and leadership skills.                                        
               Associates at James are evaluated according to performance             
          criteria grouped under five categories:  (1) "General Performance           
          Expectations"; (2) "Recruiting and Team Building"; (3)                      
          "Management and Supervision of Banking Analysts"; (4) "Execution            
          of Business"; and (5) "Business Generation".  Under the heading             
          "Management and Supervision of Banking Analysts", James                     
          performance criteria state that associates are responsible for              
          supervising and training analysts.  The criteria include a                  








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