This is a rush transcript from "On the Record ," November 14, 2007. This copy may not be in its final form and may be updated.

GRETA VAN SUSTEREN, HOST: Sergeant Peterson's wife number three, Kathleen Savio, died bizarrely in a bathtub in 2004. And back in 2004, a coroner's jury declared her death an accident.

But since wife number four's disappearance, everyone is asking, is wife number three's death actually a homicide?

Yesterday, wife number three's body was exhumed, and today a grand jury met to officially investigate whether her death was an accident or a homicide. The grand jury called Sergeant Peterson's brother, Paul Peterson, and Steve Carcerano, who found Kathleen's body.

Joining us live in Bolingbrook, Illinois, is Steve Carcerano. Steve, nice to see you.


VAN SUSTEREN: I'm doing very well. So you got called to the grand jury today. Did you actually get a chance to testify?

CARCERANO: No, I didn't . I pretty much sat there for three-and-a-half hours and waited until next week.

VAN SUSTEREN: Did they explain to you why they never got to you?

CARCERANO: There was a couple of other individuals that went before me. Two other jurors (ph) were called in, one of them being Drew's brother, Paul, today, that weren't there last week. And they didn't say why they didn't get to the last three people.

VAN SUSTEREN: How long was Paul in there, could you estimate?

CARCERANO: Approximately 40 minutes, something like that.

VAN SUSTEREN: Where you called last week to the grand jury, or is this the first time you've been called?

CARCERANO: No, I was called last week, as well, but didn't get a chance to speak last week, either.

VAN SUSTEREN: So I bet you're pretty happy you get dragged down there every Wednesday and you get to sit around and wait. I bet that makes you happy.

CARCERANO: Yes, well, next week, I'm going to bring Portillos' (ph) hot dogs or something while I wait.

VAN SUSTEREN: Well, believe me, nobody likes sitting around the grand jury or anyplace. I mean, I would not be ecstatic about that. But anyway, we'll move on. You've been talking to Sergeant Peterson, haven't you.


VAN SUSTEREN: When was the last time you talked to him?

CARCERANO: I talked to him earlier today when he was in New York. As everybody knows he was on the "Today" show this morning. Had a brief conversation with him at that point.

VAN SUSTEREN: Did he call you or did you call him?

CARCERANO: I called him.

VAN SUSTEREN: What'd he have to say about — what'd he say about his own appearance?

CARCERANO: He asked me what I thought of it. I thought he did a good job. You have to understand that he has the pressure of the world on him right now, and for him to get on a flight and show his face for the world and give his side of the story, I thought that was very commendable.

VAN SUSTEREN: Did he say how he actually felt he did, though? I mean, I understand that he now has asked you how you thought he did, but did he say anything about it?

CARCERANO: He felt he did a good job.

VAN SUSTEREN: What did he say about Matt Lauer's questions?

CARCERANO: He thought they were asked very professional. He was very satisfied with Matt Lauer's interview.

VAN SUSTEREN: Is he now back home, or is he still in New York?

CARCERANO: I don't know the answer to that question.

VAN SUSTEREN: Did he tell you what his plans were?

CARCERANO: No, he did not. He said he was still in New York. When I was on the phone with him, he didn't tell me if he was coming tonight or not.

VAN SUSTEREN: All right. Now, prior to this morning, when was the last time you talked to him?

CARCERANO: I talked to him last night when he landed in New York. He gave me a call.

VAN SUSTEREN: Has he ever told you — has he ever discussed Stacy with you?

CARCERANO: No, he hasn't.

VAN SUSTEREN: Has he ever — I mean, I know that he feels like the media is dogging him and being unfair to him. Does he ever talk about that with you?

CARCERANO: Absolutely. He's very upset with the media. He asked me the other day to express to the media to, you know, stay away from his house for a while so he can get some semblance of a family back with his kids. He has two small children — well, 13 and 14, they go to school with my kids, and it's very difficult right now.

VAN SUSTEREN: Now, you — the way that you were sort of brought into this story, for better or for worse, is because you found Kathleen Savio in the tub, is that right?

CARCERANO: Yes, that is correct.

VAN SUSTEREN: Since that event in March of 2004, have you been regular friends with Sergeant Peterson, or just your kids sort of — your kids just hang out together?

CARCERANO: The kids go to school together. We have — -my wife and I have been to Sergeant Peterson's house with Stacy for a barbecue, and the kids went swimming. But I would say that we — Drew and I talk on occasion.

VAN SUSTEREN: Think Stacy would walk out on her kids?

CARCERANO: I don't know the answer to that question. I'm, you know, hearing everything after the fact. I was not around that day, so I don't know the particulars.

VAN SUSTEREN: Steve, thank you. And I hope next week, when you go to the grand jury, they have you testify, or at least not make you go sit there until it's your turn. Thank you, Steve.

CARCERANO: Thank you, Greta, very much. All your people have been great to work with.

VAN SUSTEREN: That's great to hear. Thank you.

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