CORPORATE EVENT: Phelps Dodge Corp. (PD) Special Cash Distribution 5/12/06

Clearing House Advisory Notices

To	Clearing Member Firms
From	Clearing House Department
Subject	CORPORATE EVENT: Phelps Dodge Corp. (PD) Special Cash Distribution 5/12/06
Notice Date	2006-05-11
Notice Number	06-118
Effective Date	2006-05-12
Phelps Dodge Corporation (PD) has announced a special cash distribution of $2.00 per PD Common Share. The ex-distribution date is Friday, May 12, 2006. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .