As you were notified previously in CME Update 03-08, dated Monday, August 11, 2003, and in Special Executive Report, S-3982, dated Monday, August 18, 2003, the Board of Directors on Wednesday, August 6, 2003, approved amendments to GLOBEX trading hours, effective Monday, September 29, 2003.  These amendments: (1) eliminate the current 10:00–11:00 p.m. (central time) GLOBEX shutdown for all CME products traded on the GLOBEX system (including foreign exchange and interest rate products), (2) open GLOBEX stock index trading at 3:30 p.m. instead of 3:45 p.m. (central time) and (3) add GLOBEX shutdowns from 4:30 – 5:00 p.m. (central time) for CME stock index and NYMEX energy products and from 3:15 – 5:00 p.m. (central time) for weather and chemical products and from 4:00 – 5:00 p.m. (central time) for all other CME products.

Please view the attached Special Executive Report S-3997 for more information.