----- Forwarded by Tana Jones/HOU/ECT on 11/27/2000 09:26 AM -----

	exchangeinfo@nymex.com
	11/21/2000 08:22 AM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (00-402) MARGIN RATE CHANGE for Natural Gas


Notice No. 00-402
November 21, 2000
TO:    ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS
FROM:   Neal Wolkoff
     Executive Vice President
SUBJECT:     MARGIN RATE CHANGE
Effective Date:  Wednesday, November 22, 2000 (close of business)
Futures Contract: Henry Hub Natural Gas Futures
Contract Months: All Months
Rate Change:
NYMEX Division Margins on Henry Hub Natural Gas Futures Contracts
Effective Date: Wednesday, November 22, 2000 (close of business)
Clearing Member (Maintenance Margin):      Old:  $5,500  New:  $6,500
Member Customer (Initial Margin):        Old:  $6,050  New:  $7,150
Non-Member Customer (Initial Margin):      Old:  $7,425  New:  $8,775
Should you have any questions regarding these changes, please contact Arthur 
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice 
supersedes all previous notices regarding outright margins for the NYMEX 
Henry Hub Natural Gas Futures Contract.



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