All times listed are Central Standard Time.

Chicago Board of Trade

December 31, 2003
· Agricultural & Financials early close at 12:00 pm.
· Stock Index has a normal trading schedule.

January 1, 2004
· All Markets are closed.

January 2, 2004
· Financials early close at 12:00 pm.
· All other markets have normal trading hours.

**12/31 A/C/E – Dow/AIG Index closes at 11:00 am. Financials, Metals, Stock Index & Mini sized Ags early close 12:30 pm. Overnight A/C/E closed.
01/01 Daytime A/C/E closed– Overnight A/C/E reopens at normal evening times for Agricultural, Financial and Stock Index contracts. Metals will remain closed.
01/02 A/C/E – Financial contracts close 12:30 pm. Dow/AIG Index & Metals are closed. All other electronic contracts have normal hours.

Chicago Mercantile Exchange

December 31, 2003
· Agricultural, Foreign Exchange, Interest Rates & GSCI early close 12:00 pm.
· Agricultural Options early close 12:02 pm.
· Equities have a normal trading schedule.

January 1, 2004
· All markets are closed.

January 2, 2004
· Dairy closed.
· All other markets have normal trading hours.

**12/31 Foreign Exchange & Interest Rates have normal close. Agricultural traded on Globex during RTH close at 12:00 pm.
01/01 GLOBEX closed.
01/02 Globex opens at 5:30 am.

NYBOT
January 1, 2004
· All Markets are closed.

NYMEX
December 31, 2003
· Energy Markets early close 12:00 pm.
· Aluminum & Palladium early close 11:00 pm.
· Copper & Silver early close 11:05 pm.
· Platinum & Gold early close 11:10 pm.
. Propane Futures early close 11:15
· PJM Electricity early close 12:00 pm.

January 1, 2004
· All Markets are closed.

NYSE
January 1, 2004
· All Markets are closed.

ACCESS
· Closed December 31st; re-opens 6:00 pm January 4th.

Exchange information is subject to change at any time. Information contained herein is believed to be reliable but is not guaranteed as to its accuracy or completeness. Clients using this information are solely responsible for their own actions.

Happy New Year!
Gary and Kelly