(MS-21) SWITCH OF STATUS - COMMODITY EXCHANGE, INC.

Member Services
Notice No. MS-21
April 11, 2001

COMMODITY EXCHANGE, INC.

SWITCH OF STATUS

Please be advised that effective immediately, April 11, 2001, Henry Chandler
(CHAN-7043) will switch his status from an option member to a licensee
member. However, Mr. Chandler will remain a member guaranteed by Rosenthal
Collins Group.

Inquiries regarding the above should be directed to the Member Services
Department at (212) 299-2370.

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