(01-446) Aluminum Trading Hours

Notice No. 01-446
December 28, 2001

TO: All Exchange Members / Member Firms
All Clearing Members
All Operation Managers

FROM: J. Robert Collins, Jr., President

RE: Aluminum Trading Hours

Please be advised that effective Wednesday, January 2, 2002, trading in the
Aluminum Futures and Options contracts will return to regular opening hours
of 7:50 a.m., the closing time will remain 1:10 p.m.

Should you have any questions regarding this change, please contact Michael
Campanelli at (212) 299-2072.