(01-157) Exchange Early Contract Closing Schedule for May 25, 2001

Notice # 01-157
May 14, 2001

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

FROM:
Stu Smith, Senior Vice President, Operations

RE:
Exchange Early Contract Closing Schedule for May 25, 2001

Please be advised that the Exchange will close markets earlier on Friday, M=
ay=20
25, 2001, the business day preceding Memorial Day. The following early=20
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.
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.
Crack Gas & Crack Heat Options 12:58 p.m. - 1:00 p.m.
Propane Futures 12:58 p.m. - 1:00 p.m.
Crude Oil Futures and Options 12:58 p.m. - 1:00 p.m.
Henry Hub Natural Gas Futures &Options *12:58 p.m. - 1:00 p.m.
Permian Pool Natural Gas Futures 12:58 p.m. - 1:00 p.m.
Alberta Natural Gas Futures 12:58 p.m. - 1:00 p.m.
Gulf Coast Gasoline Futures 12:58 p.m. - 1:00 p.m.

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 & 300 contracts will conduct normal trading hours.

The NYMEX Late Submissions Area is scheduled to close at 2:30 p.m. and the=
=20
NYMEX Trade Correction Area will close at 3:15 p.m., the TMS trade allocati=
on=20
screens will be available until 4:30 p.m. The COMEX Division=01,s OLTE Sys=
tem=20
will be available for corrections until 2:30 p.m. In the event that you=20
require additional time to process work, or have questions regarding early=
=20
close procedures, please call Fred Tantao 299-2045, Rob Stasi 299-2067,=20
George Henderson 299-2071, Les Faison 299-2070 (NYMEX Division) or Michael=
=20
Campanelli 299-2072, David Sherman 299-2061 (COMEX Division).

* Option Expiration Procedure will be conducted at approximately 3:15 p.=
m.=20
for the ON, OH & GO June 2001 contract months.
** Option Expiration Procedure will be conducted for the HX June 2001=20
contract month.
*** All Electricity Future and Option contracts on NYMEX Access will close =
at=20
1:00 p.m.

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