(CMS-13) SWITCH OF GUARANTEE

Notice No. CMS-13
February 20, 2002

SWITCH OF GUARANTEE

Please be advised that Man International Inc. will no longer guarantee the
following Members:

David Conklin (CORK-3119)
John Swartout (HIK-3194)
Joseph Fattorusso (PEPP-4582)
Robert DeRose (DDD-4178)
Jay Don Johnson (JDON-3312)
Thomas Coughlin (TC-7387)

However, the above mentioned will remain members guaranteed by FC Stone LLC.

* * *

Members and Member Firms have ten (10) days from the date of this notice to
advise the Membership Department of any claims against any of the
aforementioned member(s) and or member firm(s).

Inquiries regarding the above should be addressed to the Member Services
Department at 212-299-2378.