Carol B. Tome

On an adjusted basis.

Christopher Horvers – JPMorgan

Right, yes, on an adjusted basis. Okay, that’s perfect. And then can you talk of a follow-up question on the promotional environment -- you know, Lowe’s results last week caused a lot of concern out there. Have you seen Sears pull back? What is Menards doing? Has Lowe''s changed their pricing strategy? And then broadly on inventory, it seems like you guys are very clean. How do you think the channel looks and your other big retail competitors?

Francis Blake

Well first, look, it’s always a competitive market. I mean, we’re always responding to customers, we’re always out there trying every day to have the best pricing for our customers, so that’s going to be the same in 2009 as it was in 2008. And in terms of our competitors’ inventory positions, I guess I’m not really in a position to comment.

Christopher Horvers – JPMorgan

From what you are seeing in the channel and the suppliers, do you think they are clean, so it’s not like there’s a lot of inventory that needs to be cleared out?

Francis Blake

In our channel?

Christopher Horvers – JPMorgan

Yeah, your vendors.

Craig Menear

I really -- you mean from the vendor standpoint, Chris?

Christopher Horvers – JPMorgan

Yes.

Craig Menear

Yeah, I mean, I think our vendors are probably in pretty good shape as we talk to them. You know, everybody in this environment is trying to watch how they manage their business, so I’m not hearing anything from our vendor community that has them with dire concern over inventory position.

You know, and just one other comment as it relates to kind of how we are approaching the environment -- it is the job of our merchants to understand and anticipate where they think the market will go as they build their assortments for a given year, and we take into account what we think will happen the best we can and then assort accordingly, which is why we’ve made some of the adjustments that we’ve made within the line structures as we move into 2009.

Christopher Horvers – JPMorgan