This episode's headline: Gergen and Shields; Fusion Illusion?; Pension Peril; Sands of Time. The guests include DAVID GERGEN, U.S. News & World Report; MARK SHIELDS, Washington Post; SEN. HOWARD METZENBAUM, [D] Ohio; PETER KELLY, U.S. Chamber of Commerce; ESSAYIST: JIM FISHER; CORRESPONDENT: TOM BEARDEN. Byline: In Washington: JAMES LEHRER; In New York: CHARLAYNE HUNTER- GAULT