In this note we prove that if N subset-of M subset-of P is an inclusio
n of II1, factors with finite Jones index such that N subset-of P has
finite depth, then N subset-of M and M subset-of P have finite depth.
We show this result by studying the iterated basic constructions for M
subset-of P and N subset-of P. In particular our proof gives detailed
information about the graphs for N subset-of M resp. M subset-of P. F
urthermore, we give an abstract characterization of intermediate subfa
ctors in terms of Jones projections in N' and P1, where N subset-of P
subset-of P1 is the basic construction for N subset-of P and give exam
ples showing that if N subset-of M and M subset-of P have finite depth
, then N subset-of P does not necessarily have finite depth.