Notice No. 01-176
May 25, 2001



TO:  All COMEX Division Members/Member Firms
All COMEX Division Clearing Members
All COMEX Division Floor Traders
All COMEX Division Operations Managers

FROM: Michael Campanelli, Vice President
  Floor Operations, COMEX Division

RE:  Spot Month Procedures on the Eve of First Notice Day


Please be reminded that Thursday, May 31, 2001, is the First Notice Day, for
the Gold, Silver, Copper and Aluminum futures delivery month of June 2001
(the new spot month).

On Wednesday, May 30, 2001, the Eve of the First Notice Day, all Brokers and
Clearing Members must have a duly authorized, On-Line Trade Entry ("OLTE")
system trained representative available until such time as the Exchange
deems necessary.

It is imperative that trades involving the Spot Month are processed and
cleared properly.  Therefore, representatives are expected to make a
diligent effort to process all Spot Month trades accurately.

Failure by any Clearing Member or qualified Floor Trader to show due
diligence involving Spot Month Trade processing may result in severe
disciplinary action by the Exchange.

If you should have any questions, please do not hesitate to contact David
Sherman at (212) 299-2061.