A note on the KP hierarchy
  Given the two boson representation of the conformal algebra \hat W_\infty, the second Hamiltonian structure of the KP hierarchy, I construct a bi-Hamiltonian hierarchy for the two associated currents. The KP hierarchy appears as a composite of this new and simpler system. The bi-Hamiltonian structure of the new hierarchy gives naturally all the Hamiltonian structures of the KP system. 
Didier A Depireux