The December 2006 Fed Fund futures contract will expire on December 29, 2006.  Please note that although the other pit-traded Fed Fund contracts will cease trading at 12:00 noon on December 29, 2006, the December 2006 contract will be open until 12:01 p.m.  The Modified Closing Call (MCC) for all other Fed Fund contracts will take place from 12:08 p.m. to 12:10 p.m., while the MCC for the expiring December 2006 contract will take place from 12:09 p.m. to 12:11 p.m.  On the e-cbot® platform, the other Fed Fund contracts will cease trading at 1:00 p.m.

Should you have any questions regarding this information, please contact Jennifer Baum (312-341-3124) or Shelly Goodwin (312-347-4123) of the Office of Investigations and Audits.