  We present a Chern-Simons theory of the fractional quantum Hall effect in
which flux attachment is followed by a transformation that effectively attaches
the correlation holes. We extract the correlated wavefunctions, compute the
drift and cyclotron currents (due to inhomogeneous density), exhibit the Read
operator, and operators that create quasi-particles and holes. We show how the
bare kinetic energy can get quenched and replaced by one due to interactions.
We find that for $\nu =1/2$ the low energy theory has neutral quasiparticles
and give the effective hamiltonian and constraints.
