Notice No:  01-87
March 8, 2001


TO:
All Stockholders/Class A Members

FROM:
The Board of Directors

RE:
ANNUAL ELECTION ) TUESDAY, MARCH 20, 2001

This past week you received a NYMEX Holdings, Inc./NYMEX Exchange, Inc. 
Ballot for the upcoming election and REFERENDUM vote.  In response to certain 
inquiries, the Exchange would like to make several clarifications:

P The Board endorses the REFERENDUM and recommends that you vote &FOR8 the 
REFERENDUM.

P Passage of the Referendum will increase the Board by creating three (3) 
Equity Member slots.  In essence, you may lease out your last seat and may 
sit on the Board if this referendum is passed.

P Passage of the Referendum requires a majority of the eligible votes (at 
least 409 &FOR8 votes).

P You must vote on the Referendum as BOTH a Stockholder AND a Class A member 
on the Ballot.  If you wish to vote in favor of the Referendum, you must 
check &FOR8 in both boxes.

P Only individuals who own or ABC a seat may vote.  Lessees are not eligible 
to vote.

P For each membership that you own or ABC, you should have received one (1) 
blue Ballot and one (1) Proxy envelope.

P If you own or ABC multiple seats, you must place only one (1) ballot in a 
Proxy envelope.  Do not place more than one (1) ballot in one (1) Proxy 
envelope.

P You may Fax your Ballots and Proxy Forms to the Office of the Corporate 
Secretary up until 4:00 PM on Election Day (March 20th) to (212) 301-4645.  
Your name and signature must be included on each Proxy Form.

P If you are not sure that you voted correctly, you may vote again at any 
time prior to or on Election Day.  Your last vote is the one that counts.

Voting machines cannot handle multiple votes by multiple seat owners.  
Therefore, they will not be available this year.  A table will be set up in 
the Members, Lounge on the 3rd Floor on Election Day (March 20th) beginning 
at 8:30 a.m. to accept ballots.  If you need further clarification or if you 
need replacement Ballots, please contact the Office of the Corporate 
Secretary (Donna Talamo at 212-299-2372 or Dawn Lowe at 212-299-2370).



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