Last Two Guilty in Watergate Plot

These five men, dressed in business suits and wearing rubber surgical gloves, had electronic bugging equipment and sophisticated cameras in film. In their possession or their rooms they had $5,300 in $100 bills.

The story unfolded slowly. The day after the arrests, it was learned that one of the five men was the security coordinator for the President's re-election committee. That was McCord, one of the two defendants left in the Watergate trial yesterday.

Two days after the break-in White House consultant Hunt was linked to the five suspects. Hunt pleaded guilty to all counts in the opening days of the trial.

Near the end of July, it was learned that the finance counsel to the Nixon Re-election Committee was fired because he refused to answer FBI questions about the Watergate bugging and break-in. The counsel was Liddy, a former Treasury and White House aide who was the other defendant to remain in the trial.

On Aug. 1, The Washington Post reported that a $25,000 cashier's check intended as a contribution tot he Nixon re-election effort has been deposited in the Miami bank account of one of the Watergate suspects. The General Accounting Office, the investigative arm of Congress, ordered an immediate audit of the Nixon campaign finances.

The audit report concluded that former Commerce Secretary Maurice H. Stans, the chief Nixon fund-raiser, has a possible illegal cash fund of $350,000 in his office safe.

The $25,000 from the cashier's check and another $89,000 from four Mexican checks passed through that fund, the GAO concluded.

Last Friday, the Finance Committee to Re-elect the President pleaded no contest in U.S. District Court to eight violations of the campaign finances law. The complaint charged, among other things, that finance committee officials filed to keep adequate records of payments to Liddy. The committee was fined $8,000.

In September, reports surfaced that a former FBI agent and self-described participant in the bugging had become a government witness in the case. He was Alfred C. Baldwin III, who later was to testify that he monitored wire-tapped conversations for three weeks from a listening post in the Howard Johnson Motor Lodge across the street from the Watergate.

On Sept. 15, the federal indictment against the seven original defendants was returned.

The next day, The Post reported that the $350,000 cash fund kept in the Stans safe was used, in part, as an intelligent - gathering fund. On Sept. 29, The Post reported that sources close to the Watergate investigation said that former Attorney General John N. Mitchell controlled disbursements from the intelligence found or so-called "secret fund."

On Oct. 10, The Post reported that the FBI had concluded that the Watergate bugging was just one incident in a campaign of political sabotage directed by the White House and the Nixon committee.

The story identified Donald H. Segretti, a young California lawyer, as a paid political spy who traveled around the country recruiting others and disrupting the campaigns of Democratic presidential contenders.

Five days later, the President's appointments secretary, Dwight L. Chapin, was identified as a person who hire Segretti and received reports from him. Segretti's other contact was Watergate defendant Hunt. Segretti received about $35,000 in pay for the disruptive activities from Herbert W. Kalmbach, the President's personal attorney, according to federal investigators.

This Monday it was announced that Chapin was resigning his White House job. Segretti was not called as a witness in the trial.