Notice No. CMS-14
January 23, 2002

COMMODITY EXCHANGE, INC.

SWITCH OF STATUS

Please be advised that effective with the close of business, January 22,
2002, John Byrne (BRNZ-7673) will switch his status from a Licensee member
to a Full member.  However, Mr. Byrne will remain a member guaranteed by
Spear, Leeds & Kellogg.

Furthermore, be advised that effective with the close of business, January
23, 2002, Jeffrey Grossman (GROS-996) will switch his status from a Full
member to an Option member.  However, Mr. Grossman will remain a member
guaranteed by Rosenthal Collins Group.

NOTICE OF INTENTION TO TRANSFER MEMBERSHIP

Notice of Intention to Transfer Membership has been posted on the bulletin
board of the Exchange by:

Steven Triglianos (TRGS-6358)


In connection therewith, Members and Member Firms have ten (10) days from
the date of this notice to advise the Corporate Secretary's Office of any
claims against the aforementioned individual arising out of transactions
executed on the Exchange up to the close of business on January 22, 2002.

Inquiries regarding the above should be directed to the Member Services
Department at 212-299-2370.