HI08: This example shows how parameterized macros can be used to choose
 between alternative texts.

@! Set the definition of @#D to
@!    @1 to create the shareholders report.
@!    @2 to create the customers report.
@$@#D@(@2@)@M==@{@1@}

@O@<hi08.out@>==@{@-
1992 ANNUAL REPORT TO @#D@(Shareholders@,Customers@)
======================@#D@(============@,=========@)
This has been a very good year for The Very Big Corporation of America.
With your help, we have been able to successfully
@#D@(@"screw the customers for every cent they have@"@,
     @"knock the shareholders into submission to bring you lower prices@"@).
With gross earnings approaching six trillion dollars, we have been able to
@#D@(@"increase dividends@"@,
     @"lower prices@"@).
We expect to have an even better year next year.
@}