Member Services
Notice No. MS-40
June 6, 2001


COMMODITY EXCHANGE, INC.

SWITCH OF GUARANTEE

Please be advised that effective immediately, June 6, 2001, Jeremy Lont 
(LONT-6194) will no longer be guaranteed by Sterling Commodities Corp.  
However, Mr. Lont will remain a member guaranteed by FC Stone, LLC.

In connection therewith, notification of any claims against the 
aforementioned individual arising out of transactions executed on the 
Exchange up to the close of business on June 6, 2001, must be submitted to 
the Corporate Secretary's Office within ten (10) days.

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



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