'You need to spend to buy good horses,' he said. 'Could you do it?'

'Yes.'

'Go on,' he said mildly.

'Buying potentially good horses isn't the problem. Looking at a great yearling, seeing it move, knowing its breeding is as near perfect as you can predict, and being able to afford it, that's almost easy. It's picking the excellent from among the second rank and the unknowns, that's where the judgement comes in.'

'Could you guarantee that every horse you bought for me, or advised my trainers to buy, would win?'

'No, I couldn't,' I said. 'They wouldn't.'

'What-percentage would you expect to win?'

'About fifty per cent. Some would never race, others would disappoint.'

He unaggressively, quietly, slowly and without pressure asked me questions for almost an hour, sorting out what I'd done, what I knew, how I felt about taking ultimate powers of decision over trainers who were older than myself, how I felt about dealing with the racing authorities, what I'd learnt about book-keeping, banking and money markets, whether I could evaluate veterinarian and nutritive advice. By the end I felt inside out; as if no cranny of my mind stayed gently unprobed. He would choose someone older, I thought.

'How do you feel,' he said finally, 'about a steady job, nine to five, weekends off, pension at the end of it?'

I shook my head from deep instinct, without thinking it out. 'No,' I said.

'That came from the heart, fella,' he observed.

'Well

'I'll give you a year and a ceiling beyond which you're not to spend. I'll be looking over your shoulder, but I won't interfere unless you get in a fix. Want to take it?'

I drew a deep breath and said, 'Yes.'

He leaned smilingly forward to shake my hand. 'I'll send you' a contract,' he said, 'but go right on home now and take over at once. Things can fall apart too fast with no one in charge. So you go straight to Warrington 's house, see his wife Nonie, I'll call her you're coming, and you operate from the office he's gotten there until you find a place of your own. Your brother told me you're a wanderer, but I don't mind that.' He smiled again. 'Never did like tame cats.'

Like so much else in American life the contract, when it swiftly followed me over the Pond, was in complete contrast to the relaxed approach of the man who'd offered it. It set out in precise terms what I must do, what I had discretion to do, what I must not do. It stated terms of reference I'd never have thought of. He had given me a great deal of freedom in some ways and none at all in others; but that, I supposed, was fair enough. He wouldn't want to stake his whole British operation on an unknown factor without enforceable safeguards. I took it to a solicitor who read it and whistled and said it had been drawn up by corporation lawyers who were used to munching managers as snacks.

'But do I sign it?' I said.

'If you want the job, yes. It's tough, but as far as I can see, fair.'

That had been eight months ago. I had come home to widespread and understandable disbelief that such a plum should have fallen my way. I had survived Nonie Marsh's resentment and Warrington 's incoherent unhelpfulness; had sold several of Luke's unpromising two-year-olds without great loss, had cajoled the trainers into provisionally accepting me and done nothing sweat-makingly disastrous. Despite all the decisions and responsibility, I'd enjoyed every minute.

Cassie appeared in the doorway.

'Aren't you going to get out of that bath?' she demanded. 'Just sitting there smiling.'

'Life's good.'

'And you'll be late.'

I stood up in the water and as she watched me straighten she said automatically, 'Mind your head.' I stepped out onto the floor, and kissed her, dripping down her neck.

'For God's sake, get dressed,' she said. 'And you need a shave.' She gave me a towel. 'The coffee's hot, and we're out of milk.'

I flung on a few clothes and went downstairs, dodging beams and low doorways on the way. The cottage we'd rented in the village of Six Mile Bottom (roughly six miles south of Newmarket) had been designed for seventeenth-century man, who hadn't suffered the dietetic know-how of the twentieth. And would seven feet, I wondered, ducking into the kitchen, be considered normal in the twenty-fifth?

We had lived in the cottage all summer and in spite of its low ceilings it suited us fine. There were apples now in the garden, and mists in the mornings, and sleepy wasps trying to find warm cracks in the eaves. Red tiled floors and rugs downstairs, dining-room surrendered to office, sitting-room cosy round an as yet untried hearth; red-checked curtains, rocking chairs, corn dollies and soft lights. A townspeople's country toy, but enough, I sometimes thought, to make one want to put down roots.

Bananas Frisby had found it for us. Bananas, long-time friend, who kept a pub in the village. I'd called in there one day on my way back to Newmarket and told him I was stuck for somewhere to live.

'What's wrong with your old boat?'

'I've grown out of it.'

He gave me a slow glance. 'Mentally?'

'Yeah. I've sold it. And I've met a girl.'

'And this one,' he suggested, 'isn't ecstatic about rubbing down dead varnish?'

'Far from.'

'I'll keep it in mind,' he said, and indeed he called me a week later at Warrington's house and said there was a tarted-up cottage down the road from him that I could go and look at: the London-based owners didn't want to sell but could do with some cash, and they'd be willing to let it to someone who wouldn't stay for ever.

'I told them you'd the wanderlust of an albatross,' he said. 'I know them, they're nice people, don't let me down.'

Bananas personally owned his almost equally old pub, which was very slowly crumbling under his policy of neglect. Bananas had no family, no heirs, no incentive to preserve his worldly goods; so when each new patch of damp appeared inside his walls he bought a luxurious green potted plant to hide it. Since I'd known him, the shiny-leafed camouflage had multiplied from three to eight: and there was a vine climbing now through the windows. If anyone ever remarked about the dark patches on the walls, Bananas said the plants had caused them, and strangers never realised it was the other way round.

Bananas' main pride and joy was the small restaurant, next door to the bar, in which he served cuisine minceur of such perfection that half the passing jockeys of England ate there religiously. It had been over his dried, crisp, indescribable roast duck that I'd first met him, and like a mark well hooked had become an addict. Couldn't count the delices I'd paid for since.

He was already up as usual when I waved to him on my way to the gallops: sweeping out, cleaning up, opening his windows wide to get rid of the overnight fug. A fat man himself, he nonetheless had infinite energy, and ran the whole place with the help of two women, one in the bar and one in the kitchen, both of whom he bossed around like a feudal lord. Betty in the kitchen cooked stolidly under his eagle eye and Bessie in the bar served drinks with speed bordering on sleight-of-hand. Bananas was head-waiter and every other sort of waiter, collecting orders, delivering food, presenting bills, cleaning and relaying tables, all with a deceptive show of having all day to chat. I'd watched him at it so often that I knew his system; he practically never wasted time by going into the kitchen. Food appeared from Betty through a vast serving hatch shielded from the public view, and dirty dishes disappeared down a gentle slide.

'Who washes up?' I'd said once in puzzlement.

'I do,' Bananas said. 'After closing time I feed it all through the washer.'

'Don't you ever sleep?'

'Sleep's boring.'

He needed, it seemed, only four hours a night.

'And why work so hard? Why not have more help?'