Client Management Advisory Notice

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From Client Management Operations
Subject Special Executive Report S-3944: Block Trading Approved in Russell 1000 Futures.
Effective Date 04/30/03
Notice Number CMO#0366

At its meeting of Monday, April 28, 2003, the Board Steering Committee approved block trading in Russell 1000 futures.  This policy shall become effective on Thursday, May 1, 2003. 

Please view the attached Special Executive Report S-3944 for more information.

Thank you.