----- Forwarded by Tana Jones/HOU/ECT on 11/28/2000 03:42 PM -----

	exchangeinfo@nymex.com
	11/28/2000 02:12 PM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (00-407) Margin Rate Change for Natural Gas


Notice No. 00-407
November 28, 2000

TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE

Effective Date: Wednesday, November 29, 2000 (close of business)

Futures Contract: Henry Hub Natural Gas Futures

Contract Months: All Months

Rate Change:

NYMEX Division Margins on Henry Hub Natural Gas Futures Contracts
Effective Date: Wednesday, November 29, 2000 (close of business)

Clearing Member (Maintenance Margin): Old: $6,500    New: $7,500
Member Customer (Initial Margin):     Old: $7,150    New: $8,250
Non-Member Customer (Initial Margin): Old: $8,775    New: $10,125

Should you have any questions regarding these changes, please contact Arthur 
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice 
supersedes all previous notices regarding outright margins for the NYMEX 
Henry Hub Natural Gas Futures Contract.


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