(02-12) Exchange Early Closing Schedule for January 18, 2002

Notice # 02-12
January 10, 2002

TO: ALL NYMEX/COMEX MEMBERS
ALL NYMEX/COMEX MEMBER FIRMS
ALL NYMEX/COMEX CLEARING FIRMS
ALL NYMEX/COMEX OPERATION MANAGERS

FROM: Stu Smith, Senior Vice President, Operations

RE: Exchange Early Closing Schedule for January 18, 2002

Please be reminded that the Exchange will close all markets earlier on
Friday, January 18, 2002, the business day preceding Martin Luther King Jr.
Day. The following early contract closing schedule will be implemented:

NYMEX DIVISION

Commodity
Closing Range

Palladium Futures 11:58 a.m. -
12:00 noon
Platinum Futures and Options 12:08 p.m. -
12:10 p.m.
Propane Futures 12:13 p.m. - 12:15
p.m.
Coal Futures 12:28 p.m. -
12:30 p.m.
Heating Oil Futures and Options 12:58 p.m. - 1:00
p.m.
Unleaded Gasoline Futures and Options 12:58 p.m. -
1:00 p.m.
Light, Sweet Crude Oil Futures and Options 12:58 p.m. -
1:00 p.m.
Brent Crude Oil Futures and Options 12:58 p.m. -
1:00 p.m.
Brent/WTI Spread Options 12:58 p.m. -
1:00 p.m.
Henry Hub Natural Gas Futures and Options 12:58 p.m. -
1:00 p.m.
Gasoline & Heating Oil Crack Options* 12:58 p.m. - 1:00
p.m.
Electricity Futures Closing
Time: 9:00 a.m. on NYMEX ACCESS

Henry Hub Natural Gas Swaps Closing
Time: 1:00 p.m. on NYMEX ACCESS

COMEX DIVISION

Aluminum Futures and Options 11:59 a.m.
- 12:00 noon
Copper Futures and Options 12:04 p.m.
- 12:05 p.m.
Silver Futures and Options 12:04 p.m.
- 12:05 p.m.
Gold Futures and Options 12:09 p.m.
- 12:10 p.m.
The Eurotop 100 will close at its normal time.

The NYMEX Division late submissions area is scheduled to close at 2:30 p.m.;
the NYMEX Division trade correction area will close at 3:15 p.m.; and the
TMS trade allocation screens will be available until 4:30 p.m. The COMEX
Division's OLTE System will be available for corrections until 2:30 p.m. In
the event that you require additional time to process work, or have
questions regarding early close procedures, please call Fred Tantao
299-2045, Rob Stasi 299-2067, George Henderson 299-2071, Brian Barticheck
299-2057 (NYMEX Division) or David Sherman 299-2061, Michael Campanelli
299-2072 (COMEX Division).

* Last Trading Day Spot Month ? Options Expiration Procedure