The special committee's financial advisers concluded that the two offers were "substantially equivalent" from a purely financial perspective.

The president's top advisers concluded that China's nuclear modernization is inevitable and that they might as well gain advantage by acquiescing in it.

Mr. Bush's advisers concluded, one official said, that it would be unwise to appear to be driving headlong toward a conflict "before our allies are ready."

During the meeting, officials said, Mr. Bush's advisers concluded that the rebel forces holding in position outside the city were unlikely to stay there for long.

Also, disputing the assertions of a vocal minority, the economic advisers reluctantly concluded that the long-run growth potential of the American economy had not substantially improved.

Mr. Giuliani's advisers also watch the polls and may have concluded that they do not have to expend time and money in the state.

But Mr. Bush's advisers concluded that the best way to ensure success in other states was to emerge triumphant here.

By contrast, Mr. Giuliani's advisers have concluded that the best way for him to run for senator is to be the mayor.

There were varying opinions on when the Mayor and his advisers had concluded the cause was lost.

The advisers had concluded that article 36 "is not available as a basis of action in an area where the Community has established EC legislation."