Programming for the All-Federal-Reserve-Chairman Channel, Tuesday, Dec. 22, 1998.

06:30 a.m.Federal Reserve Board Open Markets Committee Meeting Preview: Discussion of today's much-anticipated session. Will A.G. lower interest rates yet again? All humankind waits breathlessly.

06:50 a.m.(approx.) Continuous G-SPAN shower and breakfast coverage from outside the chairman's house.

08:00 a.m.Agenda: Press briefing on the chairman's meeting, phone call, coffee, and bathroom schedule for the day. Immediate futures market analysis from London and Frankfurt.

09:00 a.m.MugWatch: Recap of chairman's facial expressions during the previous week. Comparisons to previous pre-FROMC smile-to-grimace-to-frown ratios and their correlations to interest rate moves. Guest: Dr. Alan Tch, Johns Hopkins neuropsychology department.

09:30 a.m. Rate day coverage begins with the full G-SPAN team reporting from the New York Stock Exchange floor: Sandy Walsh (mood), Dan Haskins (sentiment), Alicia Geller (feeling), Bill Lupin (flavor).

11:00 a.m.ChartWatch: G-SPAN's Anna Maria the Omniscient reports on the state of the chairman's moon in Saturn. Viewer call-in.

Note:All below programming subject to pre-emption for the rate announcement and total blitzkrieglike worldwide market fallout.

12:15 p.m. G-SPAN Special Report: The Chairman's Lunch. Correspondent Bradley Yeldarb orders "what the Big Guy's having" from the Fed's catering service and reports on its likely emoto-digestive consequences.

12:30 p.m.The Chairman's Lunch--Wall Street Responds: Live 45 person fiber-optic minicam microwave-satellite team coverage from all over the place.

01:00 p.m.Leading Indicators: French or regular? Historical impact of the chairman's choice of cuffs on the discount rate. Panelists: Barbara Whoom (Smith Barney), Paul Miller (Bear Stearns), Stanley Groute (Bergdorf Goodman).