Excepts from President Bush's inaugural address:

"There is a man here who has earned a lasting place in our hearts - and in our history. President Reagan, on behalf of our nation I thank you for the wonderful things you have done for America."***** "I have just repeated word for word the oath taken by George Washington 200 years ago; and the Bible on which I placed my hand is the Bible on which he placed his. . . . He would, I think, be gladdened by this day. For today is the concrete expression of a stunning fact: Our continuity these 200 years since our government began."

***** "My first act as president is a prayer: Accept our thanks for the peace that yields this day and the shared faith that makes its continuance likely. There is but one just use of power, and it is to serve people."

***** "I come before you and assume the presidency at a moment rich with promise. For a new breeze is blowing, and a world refreshed by freedom seems reborn . . . the day of the dictator is over.

"We know what works: Freedom works. We know what's right: Freedom is right. We know how to secure a more just and prosperous life for man on Earth: through free markets, free speech, free elections, and the exercise of free will unhampered by the state. . . .

***** "My friends, we are not the sum of our possessions. They are not the measure of our lives. In our hearts we know what matters. We cannot hope only to leave our children a bigger car, a bigger bank account. We must hope to give them a sense of what it means to be a loyal friend, a loving parent, a citizen who leaves his home, his neighborhood and town better than he found it. . . .

***** "To my friends - and yes, I mean friends - in the loyal opposition - and yes, I mean loyal: I put out my hand. I am putting out my hand to you, Mr. Speaker. I am putting out my hand to you, Mr. Majority Leader. This is the age of the offered hand.

"The people await action. They did not send us here to bicker. . . .

***** "To the world, too, we offer new engagement and a renewed vow: We will stay strong to protect the peace. The "offered hand" is a reluctant fist; but the fist, once made, is strong and can be used with great effect."

***** A president is neither prince nor pope, and I do not seek "a window on men's souls. In fact, I yearn for a greater tolerance, an easy-goingness about each other's attitudes and way of life."

***** "I do not mistrust the future; I do not fear what is ahead. For our problems are large, but our heart is larger. Our challenges are great, but our will is greater. And if our flaws are endless, God's love is truly boundless."

***** "The new breeze blows, a page turns, the story unfolds - and so today a chapter begins: a small and stately story of unity, diversity and generosity - shared, and written, together. Thank you. God bless you; and God bless the United States of America."