-----Original Message-----
From: 	Exchange Information <Marketing@NYMEX.com>@ENRON  
Sent:	Wednesday, November 28, 2001 3:37 PM
To:	Exchange Information
Subject:	(01-401) MARGIN RATE CHANGE FOR LIGHT SWEET CRUDE OIL FUTURES CON	TRACTS

Notice No. 01-401
November 28, 2001

TO:                 ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
                       ALL NYMEX DIVISION CLEARING FIRMS
                       ALL NYMEX DIVISION OPERATIONS MANAGERS
FROM:            J. Robert Collins, Jr., President
SUBJECT:       MARGIN RATE CHANGE FOR LIGHT SWEET CRUDE OIL FUTURES
CONTRACTS.
Effective Date: 	Thursday, November 28, 2001 (close of business)
Futures Contracts:    Light Sweet Crude Oil Futures

Contract Months:      All Months
Rate Change:

NYMEX Division Margins on Light Sweet Crude Oil Futures Contracts
Clearing Member (Maintenance Margin):		Old:  $2,000
New:  $2,500
Member Customer (Initial Margin):			Old:  $2,200
New:  $2,750
Non-Member Customer (Initial Margin):		Old:  $2,700
New:  $3,375
The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures
spread positions will also be increased, from $1,500 to $2,000 (at the
Clearing Member level), as of Thursday, November 28, 2001.  The net margin
after the spread will remain unchanged.
NYMEX Light Sweet Crude/IPE Brent Crude Oil Futures Spread
NYMEX Light Sweet Crude:
Clearing Member (Maintenance Margin): 	$2,500
Member Customer (Initial Margin):		$2,750
Non-Member Customer (Initial Margin):		$3,375

Less: NYMEX Light Sweet/IPE Brent Crude Spread Credit:
Clearing Member (Maintenance Margin): 		$2,000

Member Customer (Initial Margin):			$2,200
Non-Member Customer (Initial Margin):		$2,700
Net Spread Margin:
Clearing Member (Maintenance Margin): 		$500
Member Customer (Initial Margin):			$550
Non-Member Customer (Initial Margin):		$675
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
Light Sweet Crude Oil Futures Contracts and the margin credit for the NYMEX
Light Sweet Crude Oil/IPE Brent Crude Oil futures spread positions.