This is an announcement for the paper "the paving conjecture is equivalent to the paving conjecture for triangular matrices" by Peter G. Casazza and Janet C. Tremain. Abstract: We resolve a 25 year old problem by showing that The Paving Conjecture is equivalent to The Paving Conjecture for Triangular Matrices. Archive classification: Functional Analysis Mathematics Subject Classification: 47A20, 47B99, 46B07 The source file(s), 12.5.06.tex: 20512 bytes, is(are) stored in gzipped form as 0701101.gz with size 7kb. The corresponding postcript file has gzipped size 87kb. Submitted from: pete@math.missouri.edu The paper may be downloaded from the archive by web browser from URL http://front.math.ucdavis.edu/math.FA/0701101 or http://arXiv.org/abs/math.FA/0701101 or by email in unzipped form by transmitting an empty message with subject line uget 0701101 or in gzipped form by using subject line get 0701101 to: math@arXiv.org.