T a b l e o f C o n t e n t s Part I.  Page  Item 1.  Business  18  Item 2.  Properties  22  Item 3.  Legal Proceedings  23  Item 4.  Submission of Matters to a Vote of Security Holders  23  Supplementary Item  Executive Officers of Registrant  23  Part II.  Item 5.  Market for the Registrant’s Common Stock and Related Stockholder Matters  25  Item 6.  Selected Financial Data  25  Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations  26  Item 7A.  Quantitative and Qualitative Disclosures about Market Risk  43  Item 8.  Financial Statements and Supplementary Data  45  Item 9.  Changes In and Disagreements with Accountants on Accounting and Financial Disclosures  80  Part III  Item 10.  Directors and Executive Officers of the Registrant  81  Item 11.  Executive Compensation  81  Item 12.  Security Ownership of Certain Beneficial Owners and Management  81  Item 13  Certain Relationships and Related Transactions  82  Item 14.  Controls and Procedures  82  Part IV.  Item 15.  Exhibits, Financial Statement Schedules and Reports on Form 8-K  83  Signatures  90  Certifications  91  1 6 HARSC O C ORPORAT I ON 2002 ANNUAL REPORT