Notice No. 01-108
March 27, 2001



TO:
All COMEX Division Members/Member Firms
All COMEX Division Clearing Members
All COMEX Division Floor Traders
All COMEX Division Operations Managers

FROM:
Michael Campanelli, Vice President
Floor Operations, COMEX Division

RE:
Spot Month Procedures on the Eve of First Notice Day


Please be reminded that Friday, March 30, 2001, is the First Notice Day, for 
the Gold, Silver, Copper and Aluminum futures delivery month of April 2001 
(the new spot month).

On Thursday, March 29, 2001, the Eve of the First Notice Day, all Brokers and 
Clearing Members must have a duly authorized, On-Line Trade Entry (&OLTE8) 
system trained representative available until such time as the Exchange deems 
necessary.

It is imperative that trades involving the Spot Month are processed and 
cleared properly.  Therefore, representatives are expected to make a diligent 
effort to process all Spot Month trades accurately.

Failure by any Clearing Member or qualified Floor Trader to show due 
diligence involving Spot Month Trade processing may result in severe 
disciplinary action by the Exchange.

If you should have any questions, please do not hesitate to contact David 
Sherman at (212) 299-2061.


MC/ms



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