Thursday, May 21, 1998 Published at 13:09 GMT 14:09 UK
President Suharto resigns
Flanked by military leaders and his successor BJ Habibie, President Suharto makes his fateful announcement
Mr Habibie received the backing of the head of the Indonesian armed forces, General Wiranto. The general said that the Indonesian armed forces would safeguard the "former leaders of this country including Mr Suharto."
Mr Suharto said he was standing down because he was unable to enact the gradual reforms he had proposed earlier.
"I ask for forgiveness if there were any shortcomings," said the president, who looked grim and tired. "May Indonesia remain victorious."
Exhilaration in the streets
Some students flung themselves into fountains while others knelt in prayer.
But at the same time, few of the demonstrators seem to believe that the occupation of the parliament could now be brought to an end.
The agenda of the students, professional people, and other protest groups, is lengthening to include changes to the electoral law, a limit to the presidential term of office and the release of political prisoners.
But with the new president so close to Mr Suharto, he is expected to head only a transitional government.