Notice No. 00-415
December 6, 2000


TO:
ALL NYMEX/COMEX DIVISION MEMBERS
ALL MEMBER FIRMS
ALL CLEARING MEMBERS

FROM: NEAL WOLKOFF

RE:  POSITION ADJUSTMENT DEADLINES FOR THE JANUARY 2001 METAL AND ENERGY 
CONTRACTS [NYMEX RULE 9.04(P) AND COMEX RULE 4.37(A)]

____________________________________________________________

 As a reminder, position adjustments for both NYMEX and COMEX Division metals 
contracts are prohibited beginning on the tenth business day prior to the 
first business day of the delivery month, and throughout the delivery month.  
Therefore, all position adjustments of concurrent futures positions for the 
January 2001 metals contracts must be completed prior to December 15, 2000.

 Additionally, position adjustments of concurrent futures positions for NYMEX 
energy contracts are not permitted during the last three trading days of the 
respective contracts.  Rules 9.04(P) and 4.37(A) are attached.

 If you have any questions concerning this matter, please contact Nick Galati 
at (212) 299-2920 or Nick Falcone at (212) 299-2919.


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