Notice # 02-12
January 10, 2002


TO:		ALL NYMEX/COMEX MEMBERS
				ALL NYMEX/COMEX MEMBER FIRMS
				ALL NYMEX/COMEX CLEARING FIRMS
				ALL NYMEX/COMEX OPERATION MANAGERS

FROM:		Stu Smith, Senior Vice President, Operations

RE:		Exchange Early Closing Schedule for January 18, 2002


Please be reminded that the Exchange will close all markets earlier on
Friday, January 18, 2002, the business day preceding Martin Luther King Jr.
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.
Propane Futures						12:13 p.m. -  12:15
p.m.
Coal Futures							12:28 p.m. -
12:30 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.
Light, Sweet Crude Oil Futures and Options			12:58 p.m. -
1:00 p.m.
Brent Crude Oil Futures and Options				12:58 p.m. -
1:00 p.m.
Brent/WTI Spread Options					12:58 p.m. -
1:00 p.m.
Henry Hub Natural Gas Futures and Options			12:58 p.m. -
1:00 p.m.
Gasoline & Heating Oil Crack Options*			12:58 p.m. -    1:00
p.m.
Electricity Futures						Closing
Time:	9:00 a.m. on NYMEX ACCESS 

Henry Hub Natural Gas Swaps					Closing
Time:	1:00 p.m. on NYMEX ACCESS


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 will close at its normal time.


The NYMEX Division late submissions area is scheduled to close at 2:30 p.m.;
the NYMEX Division trade correction area will close at 3:15 p.m.; and 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, Brian Barticheck
299-2057 (NYMEX Division) or David Sherman 299-2061, Michael Campanelli
299-2072 (COMEX Division).

* Last Trading Day Spot Month ? Options Expiration Procedure