October 18, 2001
Notice # MS-90


			TERMINATION OF TRADING PRIVILEGES


	Please be advised that the Exchange has been notified by MBF
Clearing Corp. that effective with the close of business October 18, 2001,
it will no longer guarantee the membership of:

				Richard Cruz (CRUZ-3517)

	Members and Member Firms have ten (10) days from the date of this
notice to advise the Corporate Secretary's Office of any claims in
accordance with Rule 2.51.

	Inquiries regarding the above should be addressed to the Member
Services Department at 212-299-2378.