Notice No. MS-71
October 31, 2001


TERMINATION OF TRADING PRIVILEGES


            Please be advised that the Exchange has been notified by Man
International, Inc. that effective with the close of business October 31,
2001, they will no longer guarantee the membership(s) of Joseph Piraneo
(JP-7963).

            Therefore, in accordance with the Exchange Rule 4.12, the
trading privileges of the aforementioned individual(s) are hereby suspended
until such time as a new primary clearing member guarantee is provided.

            In connection therewith, notification of any claims against the
aforementioned individuals arising out of transactions executed on the
Exchange up to the close of business on August 9, 2001, must be submitted to
the Corporate Secretary's Office within ten (10) days.