Effective Monday, December 3, 2007 , CME will list horizontal and vertical put and call Wood Pulp option spreads for trading on the CME Globex electronic trading platform.  The naming conventions for these spreads are as follows:

·         WP:HOZ7F8C735 represents a Dec ’07 – Jan ’08 horizontal call spread at the 7350 strike price

·         WP:HOZ7F8P735 represents a Dec ’07 – Jan ’08 horizontal put spread at the 7350 strike price

·         WP:VTZ7C735 740 represents a Dec ’07 7350-7400 vertical call spread

·         WP:VTZ7P740 735 represents a Dec ’07 7400-7350 vertical put spread

Horizontal and vertical spreads will be available for trading on the first six listed calendar months, in the at-the-money strike and 5 strikes above and below the at-the-money strike price.

Market data will be transmitted via Channel 207 of the MDP for ITC 2.1 users and Channel 14 for RLC users.

Testing Availability

These spreads will be available for customer testing in the New Release environment on Monday, November 19, 2007 .

Ticker testing will be conducted on Friday, November 16 and Friday, November 30, 2007 at approximately 5:00 p.m. Central Time.  For ticker test questions, please contact CME Group’s Enterprise Technology Operations Department at 312-930-8160.