(00-415) Position Adjustment Deadline for January Contracts

Notice No. 00-415
December 6, 2000

TO:
ALL NYMEX/COMEX DIVISION MEMBERS
ALL MEMBER FIRMS
ALL CLEARING MEMBERS

FROM: NEAL WOLKOFF

RE: POSITION ADJUSTMENT DEADLINES FOR THE JANUARY 2001 METAL AND ENERGY
CONTRACTS [NYMEX RULE 9.04(P) AND COMEX RULE 4.37(A)]

____________________________________________________________

As a reminder, position adjustments for both NYMEX and COMEX Division metals
contracts are prohibited beginning on the tenth business day prior to the
first business day of the delivery month, and throughout the delivery month.
Therefore, all position adjustments of concurrent futures positions for the
January 2001 metals contracts must be completed prior to December 15, 2000.

Additionally, position adjustments of concurrent futures positions for NYMEX
energy contracts are not permitted during the last three trading days of the
respective contracts. Rules 9.04(P) and 4.37(A) are attached.

If you have any questions concerning this matter, please contact Nick Galati
at (212) 299-2920 or Nick Falcone at (212) 299-2919.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-415)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.