The Exchange will introduce futures based on the Standard & Poor�s SmallCap 600 (�SmallCap 600� or the �Index�) on Monday, November 11^th.  The futures contract will be valued at $200 times the Index.  The minimum tick size is established at 0.05 index points or $10.00.  

 The contract will be listed for trading exclusively on the GLOBEX^� electronic trading platform.  Regular hours of trading will be conducted from 5:30 p.m. to 3:15 p.m. the following day on Sundays and holidays; and, from 3:45 p.m. to 3:15 p.m. on Mondays through Thursdays.  The Exchange initially will list the first two quarterly contracts.  Thus, trading in December 2002 and March 2003 futures shall commence on November 11^th.                             

Please view attached Special Executive Notice S-3865 for more information.

Thank you.