ISDA International Swaps and Derivatives Association, Inc.
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
U.S.A.
Phone: (212) 332-1200
Facsimilie: (212) 332-1212
Website: www.isda.org

On November 9, we sent out a draft statement of market practice addressing
the closing of NYMEX on November 23, 2001.  We asked for feedback to that
draft statement, and to date, the firms responding back to ISDA have
indicated a preference for not proceeding with publication of the statement.
The reason cited is that the NYMEX announcement was made before most swaps
began to price out.  Accordingly, there was no perceived need to move
forward with the statement.

If you have any questions, please do not hesitate to contact Kimberly Summe
at 212-332-1203.