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”We are reaching a low point in the oil industry business cycle, and this action will re-establish a new base from where we can grow.”-H. Laurance Fuller, chairman and chief executive of Amoco Corp., describing its plan to slash 8,500 jobs.

THE MANAGER OF JOHNNY WALKER SCOTCH IN POLAND, ON THE COUNTERFEIT SCOTCH THERE: ”Distilled on a Monday, bottled on a Tuesday, sold to you on Wednesday and gives you a huge hangover on Thursday.”

”Obviously, Airbus could do more.”-A spokesman for Boeing Co., expressing disappointment after United Airlines took a lease on 50 planes from European competitor Airbus Industrie.

”The only way to solve the problem of poverty is to take the children in poverty and give them an education.” -Executive director of Chicago Christian Industrial League, on educating homeless children.

”We raised him for it.”-Albert Gore Sr., of his son`s qualifications to be vice president.

”He`s a superb senator.”-Rep. Lee Hamilton, (D-Ind.) who was on Clinton`s short list, on Gore`s selection.

”It takes two wings to fly, and here you have two of the same wing.”-Jesse Jackson on the all-Southern ticket.

”He might help Clinton carry Arkansas.”-Charles Black, a senior campaign adviser to Bush, on what Gore might accomplish.

”I`m not ready to talk about it yet. . . . As you can see from Gov. Clinton`s approach, you get it done and then you talk about it.”-Ross Perot on his own vice presidential selection process, on NBC`s ”Today Show.”

”I can only wish him the worst possible luck in his new endeavor.”-Secretary of State James Baker, President Bush`s 1988 campaign manager, on Sen. Albert Gore Jr. as a vice presidential candidate.