February 1, 2001
Notice No.:  01-48

2001/2002 NEW YORK MERCANTILE EXCHANGE, INC. AND
 COMMODITY EXCHANGE, INC. COMMITTEES

The Committees for 2001/2002 are now in the process of being formed.  If you 
are interested in serving on any Exchange committee or wish to recommend that 
a non-member, industry participant be appointed to a committee, please fill 
out the attached committee request form and return the form NOT LATER THAN 
FRIDAY, FEBRUARY 16, 2001 to Donna M. Talamo, Office of the Corporate 
Secretary, New York Mercantile Exchange, Inc, One North End Avenue, Room 
1548, New York, NY  10282 (or fax at 212-301-4645).

The number of requests usually exceeds the number of committee positions 
available.  However, we will do our best to accommodate as many requests as 
possible.  There will also be the opportunity for appointments during the 
year as special committees are formed and vacancies occur.  Your interest in 
serving on an Exchange committee is sincerely appreciated.

Attached for your reference is a list of the various Exchange committees with 
a brief description of each.

Inquiries regarding the aforementioned may be directed to Donna M. Talamo at 
(212) 299-2372.


NEW YORK MERCANTILE EXCHANGE, INC. COMMODITY EXCHANGE, INC. 2001/2002 
COMMITTEE DESCRIPTIONS


NYMEX ACCESSc ADVISORY COMMITTEE:  Responsible for reviewing and recommending 
action to the Board on proposals and programs with respect to enhancing the 
use of NYMEX ACCESSc in Exchange trading both domestically internationally.

NYMEX ACCESSc TRADE REVIEW COMMITTEE:  Responsible for reviewing the 
circumstances surrounding NYMEX ACCESSc transactions to determine whether a 
transaction should be cancelled.

ADJUDICATION COMMITTEE:  Responsible for hearing and deciding all 
disciplinary proceedings brought against members by the Compliance Department 
upon the recommendation of the Business Conduct Committee.

ALUMINUM ADVISORY COMMITTEE:  Responsible for providing technical advice to 
the Board with respect to appropriate amendments to the Exchange,s aluminum 
contract to keep it current and relevant.

APPEALS COMMITTEE:  Responsible for reviewing actions by the Adjudication 
Committee when requested to do so by a respondent subject to an adverse final 
decision of the Adjudication Committee.

ARBITRATION COMMITTEE:  Conducts Arbitrations between members and between 
members and the trading public with respect to disputes concerning 
transactions and business on the Exchange.

BUSINESS CONDUCT COMMITTEE:  Responsible for reviewing Compliance 
recommendations with respect to disciplinary actions against members and 
recommending appropriate action to the Adjudication Committee or Board.

BY-LAWS COMMITTEE:  Responsible for drafting all amendments and proposals for 
By-Laws on the Exchange.

CHAIRTABLE FOUNDATION COMMITTEE:  Initiates, oversees, reviews and recommends 
charitable organizations that are in need of contributions by the NYMEX 
Foundation to the Executive Committee.  The Committee works closely with 
members and their respective charities to positively promote the efforts of 
the Exchange.

CLEARING HOUSE COMMITTEE:  Responsible for the oversight of the Exchange,s 
clearing house, especially with respect to the analysis and recommendation 
for the implementation of new procedures affecting clearing.

COAL ADVISORY COMMITTEE:  Responsible for providing technical advice to the 
Board with respect to the development of a coal contract.

COMPLIANCE REVIEW COMMITTEE:  Responsible for reviewing the Exchange,s 
compliance and self regulatory programs.

CONTROL COMMITTEE:  Consists of subcommittees for each commodity trading on 
the Exchange and is responsible for reviewing and when necessary endeavoring 
to correct any circumstances which might interfere with the orderly 
functioning of the markets.

COPPER ADVISORY COMMITTEE:  Responsible for providing technical advise to the 
Board with respect to appropriate amendments to the Exchange,s Copper 
contract to keep it current and relevant.

CRUDE OIL ADVISORY COMMITTEE: Responsible for providing technical advise to 
the Board with respect to appropriate amendments to the Exchange,s Crude Oil 
contract to keep it current and relevant.

DELIVERY COMMITTEE:  Responsible for reviewing particular deliveries in the 
Exchange,s contract to determine whether those deliveries are being conducted 
in accordance with contract provisions concerning timing, location and 
quality of product delivered.

ELECTRICITY ADVISORY COMMITTEE: Responsible for providing technical advise to 
the Board with respect to appropriate amendments to the Exchange,s 
Electricity contracts to keep them current and relevant.

EQUITY HOLDERS, ADVISORY COMMITTEE:  Responsible for reviewing and 
recommending action to the Board on proposals and programs that address the 
concerns of the Equity Holders.

FCM ADVISORY COMMITTEE:  Responsible for reviewing and recommending action to 
the Board on proposals and programs that address the concerns of the FCM 
community.

FACILITIES COMMITTEE:  Primarily responsible for allocating and ensuring 
proper utilization of booths on the trading floor.  Also responsible for 
reviewing and recommending to the Board all actions with respect to the 
construction and maintenance of the Exchange's Physical plant, with primary 
emphasis on the trading floor.

FINANCE COMMITTEE:  Responsible for general supervision of Exchange financial 
affairs and recommending action in that regard to the Board.

FLOOR BROKER ADVISORY COMMITTEE:  Responsible for reviewing and
recommending action to the Board on proposals and programs that address the 
concerns of the floor broker community.

FLOOR COMMITTEE:  Responsible for maintaining orderly trading, good order and 
decorum on the floor as well as suggesting policies which affect the trading 
floor to the Board.

GOVERNMENT RELATIONS COMMITTEE:  Responsible for supporting and expanding 
communication and understanding of the NYMEX marketplace and related issues 
to elect government officials at the national, state and local levels.  
Members of the NYMEX Government Relations Committee are called upon to 
represent NYMEX at visits of political office holders to the Exchange, at 
federal, state and local politicians.

INSTITUTIONAL MONEY MANAGEMENT ADVISORY COMMITTEE:  The Committee will 
include CTAs, CPOs, hedge funds, pension funds, investment consultants, FCM 
institutional marketing staff and academic specialists.  The Committee,s role 
will be threefold:  to advise the Exchange on the most effective ways to 
market to institutional customers, including public and corporate pension 
funds, endowments and insurance companies; to advise on how to support the 
growth of the managed futures industry,s diversified funds, which trade NYMEX 
contracts; and to advise the Exchange on the investment and trading needs of 
institutional customers related to NYMEX contract rules and specifications.

LOCALS, ADVISORY COMMITTEE:  Responsible for reviewing and recommending 
action to the Board on proposals and programs that address the concerns of 
the local community.

MARGIN COMMITTEE:  Responsible for reviewing the volatility of COMEX 
contracts to determine whether margins should be altered.

MARKETING COMMITTEE:  Advises the Board on marketing goals and strategies, on 
developing tactics for reaching the goals.  Separate advisory subcommittees 
specialize in key geographic regions to guide the Marketing Committee on the 
indigenous business and cultural environments in the target areas.

MEMBERSHIP COMMITTEE:  Reviews matters relating to individual applications 
for membership, conferring of membership privileges on firms and the transfer 
of memberships.

METALS ADVISORY COMMITTEE:  Responsible for providing technical advice to the 
Board with respect to appropriate amendments to the Exchange,s metals 
contracts to keep them current and relevant.

NATURAL GAS ADVISORY COMMITTEE: Responsible for providing technical advise to 
the Board with respect to appropriate amendments to the Exchange,s Natural 
Gas Contract to keep it current and relevant.

OPTIONS ADVISORY COMMITTEE:   Responsible for providing technical advice to 
the Board with respect to appropriate amendments to the Exchange,s options 
contract to keep them current and relevant.

PETROLEUM PRODUCTS ADVISORY COMMITTEE (Heating Oil and Gasoline): Responsible 
for providing technical advise to the Board with respect to appropriate 
amendments to the Exchange,s Heating Oil and Gasoline contracts to keep them 
current and relevant.

PLATINUM ADVISORY COMMITTEE:  Responsible for providing technical advise to 
the Board with respect to appropriate amendments to the Exchange,s Platinum 
contract to keep it current and relevant.

PRECIOUS METALS ADVISORY COMMITTEE:  Responsible for providing technical 
advise to the Board with respect to appropriate amendments to the Exchange,s 
Gold and Silver contracts to keep them current and relevant.

PROPANE ADVISORY COMMITTEE:  Responsible for providing technical advise to 
the Board with respect to appropriate amendments to the Exchange,s Propane 
contract to keep it current and relevant.

RULES COMMITTEE:  Responsible for making recommendations to the Board for 
consolidating the rules of the NYMEX Division and COMEX Division and 
amendments to and deletions from Term Sheet Rules.

SETTLEMENT COMMITTEE:  Establishes the settlement price of the Exchange,s 
contracts on a daily basis, pursuant to procedures set forth in the rules of 
the Exchange.

STOCK INDEX & FUTURES COMMITTEE:  Responsible for providing technical advise 
to the Board with respect to the development of equity-related futures 
products.

TECHNOLOGY COMMITTEE:  Responsible for reviewing and recommending action to 
the Board on proposals and programs with respect to enhancing the use of 
technology in Exchange trading, clearing, information and communications 
systems.

TRAINING AND EDUCATION COMMITTEE:  Oversees, reviews, directs and in some 
cases, participates in the various training programs that support the 
Membership, their staff and the operation of the Exchange.  This includes 
training programs for floor and back office staff in support of the 
Membership and NYMEX ACCESSc certification and training.  Reviews and 
recommends to the Board, training and education proposals and plans that may 
have significant impact on the successful implementation of the Exchange,s 
policies, procedures and strategies.

NEW YORK MERCANTILE EXCHANGE, INC.
COMMODITY EXCHANGE, INC.
2001/2002 COMMITTEE REQUEST FORM



_______________________________
Name (Please print)

______________________
Trading Badge Symbol

_______________________________
Firm Affiliation

_______________________________


_______________________________
Address

____________________________
Telephone Number

 ______________________
e-mail Address



I am:  (Please check at least one of the boxes below.)

1.   <caron>  a NYMEX Division Member
2.   <caron>  a COMEX Division Member
3.   <caron>   Other
I am interested in serving on the following Exchange committees:

1.  __________________________

2.  __________________________

3.  ___________________________

4. ____________________________

5.  __________________________

6.  __________________________

7.  ___________________________

8. ____________________________

9.  __________________________

10.  __________________________

PLEASE RETURN TO MS. DONNA TALAMO, OFFICE OF THE CORPORATE SECTRETARY, NEW 
YORK MERCANTILE EXCHANGE, INC., ONE NORTH END AVENUE, ROOM 1548, NEW YORK, 
NY  10282 (OR FAX 212-301-4645) NOT LATER THAN FRIDAY, FEBRUARY 16, 2001.



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