New Products - Approval Requested

The second product listed here is physical. It looks ok to me but I don't
really know - can you take a look and approve it or comment to Dale please?

Thanks!
---------------------- Forwarded by Mark Taylor/HOU/ECT on 02/11/2000 03:49
PM ---------------------------

Dale Neuner on 02/11/2000 03:30:16 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Dick Jenkins/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, David
Forster/LON/ECT@ECT
Subject: New Products - Approval Requested

Jeff - Dick Jenkins would like to commence trading on US Nat Gas Phys Index
Tetco M3

Brad Mckay has also set Tetco M3 up as a US Nat Gas Financial Swap product.

Please approve their request to transact on these products.

Mark -

Please review and offer comments.

Dale
3-9746