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This Copy For PRESIDENT RICHARD M. NIXON'S NEWS CONFERENCE #21 Held in the Briefing Room At the White House Washington, D. C. November 12, 1971 at 4:00 P.M. EST (Friday) Official White House Transcript THE PRESIDENT: Won't you be seated, ladies and gentlemen. Ladies and gentlemen, I have an announcement of a substantially increased troop withdrawal from Vietnam. When I entered office on January 20, 1969, there were 540,000 Americans in Vietnam and our casualties were running as high as 300 a week. Over the past three years, we have made progress on both fronts. Our casualties, for example, for the past five weeks have been less than 10, instead of 300 a week; and with regard to withdrawals, 80 percent of those who were there have come home -- 365,000. I have now had an opportunity to appraise the situation as it is today. I have consulted with my senior advisors and I have had an up-to-date report from Secretary Laird. Based on those consultations and consultations with the Government of South Vietnam, I am now able to make this announcement. Over the next two months, we will withdraw 45,000 Americans. I will make another announcement before the first of February. As far as that second announcement is concerned, before the first of February, the number to be withdrawn --- the rate, that is -- as well as the duration of the announcement, will be determined by three factors: First, by the level of