Notice No. 02-38
February 5, 2002

TO: 		ALL NYMEX/COMEX DIVISION MEMBERS
		ALL NYMEX/COMEX DIVISION MEMBER FIRMS
		ALL NYMEX/COMEX DIVISION CLEARING FIRMS
		ALL NYMEX/COMEX DIVISION OPERATION MANAGERS

FROM: 		Stu Smith, Senior Vice President, Operations

RE:		Exchange Early Closing Schedule for February 15, 2002

Please be reminded that the Exchange will close all markets earlier on
Friday, February 15, 2002, the business day preceding Presidents Day. The
following early contract closing schedule will be implemented:

NYMEX DIVISION

Commodity					Closing Range

Palladium Futures				11:58 a.m. - 12:00 noon
Platinum Futures and Options 			12:08 p.m. - 12:10 p.m.
Propane Futures				12:13 p.m. - 12:15 p.m.
Coal Futures					12:28 p.m. - 12:30 p.m.
Heating 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.
Light, Sweet Crude Oil 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.
Brent/WTI Spread Options			12:58 p.m. - 1:00 p.m.
Henry Hub Natural Gas Futures and Options	12:58 p.m. - 1:00 p.m.
Gasoline & Heating Oil Crack Options*		12:58 p.m. - 1:00 p.m.
Electricity Futures 				Closing time: 9:00 a.m. on
NYMEX ACCESS

Henry Hub Natural Gas Swaps			Closing time: 1:00 p.m. on
NYMEX ACCESS



COMEX DIVISION



Aluminum Futures and Options 			11:59 a.m. - 12:00 noon
Copper Futures and Options 			12:04 p.m. - 12:05 p.m.
Silver Futures and Options			12:04 p.m. - 12:05 p.m.
Gold Futures and Options 			12:09 p.m. - 12:10 p.m.


The NYMEX Division trade processing area will close at 3:00 p.m. and the PTS
system 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 on either day, or have questions
regarding early close procedures, please call Fred Tantao 299-2045, Rob
Stasi 299-2067, George Henderson 299-2071, Brian Bartichek 299-2057 (NYMEX
Division) or David Sherman 299-2061, Michael Campanelli 299-2072 (COMEX
Division).