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From:exchangeinfo@nymex.com
To:tana.jones@enron.com
Subject:(01-103) MARGIN RATE CHANGE FOR HENRY HUB NATURAL GAS FUTURES
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Date:Fri, 23 Mar 2001 01:20:00 -0800 (PST)

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Notice No. 01-103
March 23, 2001
TO:
ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL NYMEX DIVISION CLEARING FIRMS
ALL NYMEX DIVISION OPERATIONS MANAGERS

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
MARGIN RATE CHANGE FOR HENRY HUB NATURAL GAS FUTURES CONTRACTS
Effective Date: Friday, March 23, 2001 (close of business)
Futures Contract: Henry Hub Natural Gas Futures
Contract Months: All Months
Rate Change:

NYMEX Division Margins on Henry Hub Natural Gas Futures Contracts
Clearing Member (Maintenance Margin): Old: $4,500 New: $3,500
Member Customer (Initial Margin): Old: $4,950 New: $3,850
Non-Member Customer (Initial Margin): Old: $6,075 New: $4,725

Should you have any questions regarding these changes, please contact Arthur
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855. This notice
supersedes all previous notices regarding outright margins for the NYMEX
Henry Hub Natural Gas Futures Contract.



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