This may prove helpful.
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on 
11/13/98 12:07 PM ---------------------------
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT 
Subject: Cd$ CME letter



Mark

Gary has asked me to send you a short description of why we have executed all 
those CD contracts at the Chicago Merc
Find enclosed a short explanation note.  If you have any questions, feel free 
to give  me a call at 36750



Harry