Notice No. CMS-15
January 25, 2002

COMMODITY EXCHANGE, INC.

SWITCH OF STATUS

Please be advised that effective with the close of business, January 25,
2002, Ralph Baldino (RYNO-7961) will switch his status from an Option member
to a Licensee member.  However, Mr. Baldino will remain a member guaranteed
by Man International Inc.

In connection therewith, Members and Member Firms have ten (10) days from
the date of this notice to advise the Corporate Secretary's Office of any
claims against the aforementioned individual arising out of transactions
executed on the Exchange up to the close of business on January 25, 2002.

Inquiries regarding the above should be directed to the Member Services
Department at 212-299-2370.