Even as he signed the Y2KAct into law last month, President Clinton could not help but sound a noteof caution: “We will be watching to see whether the bill’s provisions aremisused,” he said in an accompanying statement.

And there was good reasonto be wary. After months of debate and compromise, the enacted legislationattempts a delicate balancing act: Weed out the frivolous suits expectedto flood the nation’s courts come Jan. 1, 2000, while allowing legitimatesuits to go forward.