TIME INTERVIEW: It's Maddening and Frustrating'

William E. Colby had just returned from Richard Welch's funeral at Arlington National Cemetery. Still dressed in a somber charcoal gray pin-stripe suit and dark tie, the CIA Director held a 90-minute interview with TIME Correspondent Strobe Talbott. Colby's successor-designate, George Bush, is expected to be confirmed by the Senate shortly after Congress reconvenes next week. Soon after that Colby will retire, ending a quarter-century in the CIA. In the excerpts, Colby gives his personal views on a number of issues involving the record of the CIA and its proper role in...