Notice # 01-157
May 14, 2001

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 Contract Closing Schedule for May 25, 2001


Please be advised that the Exchange will close markets earlier on Friday,
May 25, 2001, the business day preceding Memorial 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.
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.
Crack Gas & Crack Heat Options           12:58 p.m. -  1:00 p.m.
Propane Futures                    12:58 p.m. -  1:00 p.m.
Crude Oil Futures and Options      12:58 p.m. -  1:00 p.m.
Henry Hub Natural Gas Futures &Options   *12:58 p.m. -  1:00 p.m.
Permian Pool Natural Gas Futures   12:58 p.m. -  1:00 p.m.
Alberta Natural Gas Futures              12:58 p.m. -  1:00 p.m.
Gulf Coast Gasoline Futures        12:58 p.m. -  1:00 p.m.

COMEX DIVISION

Aluminum Futures and Options       11:59 a.m.  - 12:00 noon
Copper Futures and Options         **12:04 p.m.  - 12:05 p.m.
Silver Futures and Options         12:04 p.m.  - 12:05 p.m.
Gold Futures and Options      12:09 p.m.  - 12:10 p.m.
The Eurotop 100 & 300 contracts will conduct normal trading hours.


The NYMEX Late Submissions Area is scheduled to close at 2:30 p.m. and the
NYMEX Trade Correction Area will close at 3:15 p.m., the TMS trade
allocation screens will be available until 4:30 p.m.  The COMEX Division's
OLTE System will be available for corrections until 2:30 p.m.  In the event
that you require additional time to process work, or have questions
regarding early close procedures, please call Fred Tantao 299-2045, Rob
Stasi 299-2067, George Henderson 299-2071, Les Faison 299-2070 (NYMEX
Division) or Michael Campanelli 299-2072, David Sherman 299-2061 (COMEX
Division).


*    Option Expiration Procedure will be conducted at approximately 3:15
p.m. for the ON, OH & GO June 2001 contract months.
**  Option Expiration Procedure will be conducted for the HX June 2001
contract month.
*** All Electricity Future and Option contracts on NYMEX Access will close
at 1:00 p.m.









Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com