Notice # 01-157
May 14, 2001

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 Contract Closing Schedule for May 25, 2001


Please be advised that the Exchange will close markets earlier on Friday, May 
25, 2001, the business day preceding Memorial 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.
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.
Crack Gas & Crack Heat Options  12:58 p.m. -  1:00 p.m.
Propane Futures    12:58 p.m. -  1:00 p.m.
Crude Oil Futures and Options  12:58 p.m. -  1:00 p.m.
Henry Hub Natural Gas Futures &Options *12:58 p.m. -  1:00 p.m.
Permian Pool Natural Gas Futures 12:58 p.m. -  1:00 p.m.
Alberta Natural Gas Futures      12:58 p.m. -  1:00 p.m.
Gulf Coast Gasoline Futures        12:58 p.m. -  1:00 p.m.

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 Eurotop 100 & 300 contracts will conduct normal trading hours.


The NYMEX Late Submissions Area is scheduled to close at 2:30 p.m. and the 
NYMEX 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, Les Faison 299-2070 (NYMEX Division) or Michael 
Campanelli 299-2072, David Sherman 299-2061 (COMEX Division).


*    Option Expiration Procedure will be conducted at approximately 3:15 p.m. 
for the ON, OH & GO June 2001 contract months.
**  Option Expiration Procedure will be conducted for the HX June 2001 
contract month.
*** All Electricity Future and Option contracts on NYMEX Access will close at 
1:00 p.m.



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