Member Services
Notice No. 00-88
February 8, 2001


COMMODITY EXCHANGE, INC.

TERMINATION OF MEMBER FIRM PRIVILEGES


Please be advised that effective with the close of business February 7, 2001, 
Billiton Stratcor, Inc. has voluntarily terminated their Member Firm 
privileges.

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 Billiton 
Stratcor, Inc.

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



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