Let R = +R-n is an element of Z(n) be a Z-graded commutative Noetheria
n ring and let M be a Z-graded R-module. S. Goto and K. Watanabe intro
duced the graded Cousin complex C(M)(.) for M, a complex of graded R-
modules. Also one can ignore the grading on M and construct the Cousin
complex C(M)(.) For M, discussed in earlier papers by the second auth
or. The main results in this paper are that C(M)(.) can be considered
as a subcomplex of C(M)(.) and that the resulting quotient complex is
always exact. This sheds new light on the known facts that, when M is
non-zero and finitely generated, C(M)(.) is exact if and only if C(M
)(.) is (and this is the case precisely when M is Cohen-Macaulay).