(FORTUNE Magazine) – -- WILLIAM REED, 45, director of the U.S. Defense Department's Contract Audit Agency, on an investigation that showed defense contractors had billed the taxpayers millions of dollars for questionable consulting fees: ''At the outset we encountered significant difficulty in isolating 'consultant' costs due to the lack of a universally accepted definition of the term.'' -- ROBERT S. BANKS, 54, general counsel of Xerox, on one of the 100 ways the U.S. Chamber of Commerce recommends for corporations to cut their legal fees: ''I'm not sure many lawyers will accept barter. They seem to like dollars.'' -- WILLIAM MCGOWAN, 61, founder and chairman of MCI Communications, AT&T's chief rival in the telephone business, on the seven regional Bell operating companies: '' 'Baby Bells' is sort of like 'Jumbo Shrimp.' ''