Notice No.  01-417
December 28, 2001

TO:		ALL EXCHANGE MEMBERS
		ALL EXCHANGE MEMBER FIRMS
		ALL CLEARING FIRMS
		ALL OPERATION MANAGERS
FROM: 		Stu Smith, Senior Vice President
RE:		**REVISED** Exchange Early Closing Schedule for December 31,
2001

Please be advised that the Exchange will close all markets earlier on
Monday, December 31, 2001, the business day preceding New Years Day. The
following early contract closing schedule will be implemented:


NYMEX DIVISION

Commodity					Closing Range
Henry Hub Natural Gas Futures and Options	12:58 p.m. - 1:00 p.m.
Brent Crude Oil Futures and Options 		12:58 p.m. - 1:00 p.m.
Light, Sweet Crude Oil Futures and Options 	12:58 p.m. - 1:00 p.m.
Unleaded Gasoline Futures and Options		*12:58 p.m. - 1:00 p.m.
Heating Oil Futures and Options			*12:58 p.m. - 1:00 p.m.
Central Appalachian Coal Futures		12:58 p.m. - 1:00 p.m.
Propane Futures				*12:13 p.m. - 12:15 p.m.
Gasoline Crack Spread Options			12:58 p.m. - 1:00 p.m.
Heating Oil Crack Spread Options		12:58 p.m. - 1:00 p.m.
Platinum Futures and Options			12:08 p.m. - 12:10 p.m.
Palladium Futures				11:58 a.m. - 12:00 noon

COMEX DIVISION

Commodity					Closing Range
Gold Futures and Options 			12:09 p.m. - 12:10 p.m.
Silver Futures and Options			12:04 p.m. - 12:05 p.m.
Copper Futures and Options			12:04 p.m. - 12:05 p.m.
Aluminum Futures and Options 			11:59 a.m. - 12:00 noon
Eurotop 100
 & 300
				The contracts will close at
their normal time.

The NYMEX Division Late Submissions Area is scheduled to close at 2:30 p.m.
and the NYMEX Division Trade Correction Area will close at 3:15 p.m., the
TMS trade allocation screens will be available until 4:30 p.m. The COMEX
Division's OLTE System will be available for corrections until 2:30 p.m. In
the event that you require additional time to process work, or have
questions regarding early close procedures, please call Fred Tantao
299-2045, Rob Stasi 299-2067, George Henderson 299-2071, Brian Barticheck
299-2057 (NYMEX Division) or David Sherman 299-2061, Michael Campanelli
299-2072 (COMEX Division).

* Last Trading Day Spot Month - Half Hour Close (12:30 pm - 1:00 pm)

* All Electricity contracts traded on NYMEX ACCESS
 will close at 9:00 a.m.
* Henry Hub Natural Gas Swaps will close at 1:00 p.m. on December 31st and
reopen on January 1, 2002 at 7:00 pm