An update Del. I thought I had it figured out but it still does not work. If
I do a show version like you suggested I see this:

SDC-04\Information Store : \data\0000\Private\ full (MC: DEFAULT)
Inactive, Inserted 02/12/2002 15:33:56, Deactivated 02/28/2002 01:00:53
ObjId: 0.123742376

SDC-04\Information Store : \data\0000\Private\ full (MC: DEFAULT)
Inactive, Inserted 02/28/2002 01:00:53, Deactivated 03/01/2002 01:01:22
ObjId: 0.124675749

SDC-04\Information Store : \data\0000\Private\ full (MC: DEFAULT)
Inactive, Inserted 03/01/2002 01:01:22, Deactivated 03/04/2002 01:00:25
ObjId: 0.124995485

SDC-04\Information Store : \data\0000\Private\ full (MC: DEFAULT)
Inactive, Inserted 03/04/2002 01:00:25, Deactivated 03/05/2002 01:00:31
ObjId: 0.126511371

As you can see the latest date is 02/12/2002.
The policy settings are such for this node:

Policy    Policy    Mgmt      Copy      Versions Versions   Retain  Retain
Domain    Set Name  Class     Group         Data     Data    Extra    Only
Name                Name      Name        Exists  Deleted Versions Version
--------- --------- --------- --------- -------- -------- -------- -------
TDP-EXCH- ACTIVE    TDP-V2-D- STANDARD  No Limit        1        7      60
TDP-EXCH- ACTIVE    TDP-V2-D- STANDARD  No Limit        1        7      60
 ANGE-V2             AILY
TDP-EXCH- ACTIVE    TDP-V2-W- STANDARD  No Limit        1      365      60
 ANGE-V2             EEKLY
TDP-EXCH- TDP-EXCH- TDP-V2-D- STANDARD  No Limit        1        7      60
 ANGE-V2   ANGE-V2   AILY
TDP-EXCH- TDP-EXCH- TDP-V2-W- STANDARD  No Limit        1      365      60
 ANGE-V2   ANGE-V2   EEKLY

It should not be keeping more than 7 days worth and it's keeping a copy that
dates back to February 12th!
What bothers me is that it says in the backup (and during expiration) MC:
DEFAULT. Where does it get that from? The node is registered in the policy
domain TDP-EXCHANGE-V2. I added include statements in the option file to
specify the management class TDP-V2-DAILY. Where is it getting MC: DEFAULT
from???
I think it's time to call support. I have 45 copies totaling 405gb when the
most I should have is 7 totaling around 180gb. (my IS is 28gb so 7*28=182).
Thanks for your help. Once I find something out I will let you know.

Mark