Notice No. 02-38
February 5, 2002

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

FROM:          Stu Smith, Senior Vice President, Operations

RE:       Exchange Early Closing Schedule for February 15, 2002

Please be reminded that the Exchange will close all markets earlier on
Friday, February 15, 2002, the business day preceding Presidents 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







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