Notice to Members

Notice No. 414
12/04/2000

Margin Rate Change






	Effective Date:				Tuesday, December 5, 2000 (close of business)



	Futures Contract:				Henry Hub Natural Gas



	Contract Months:				All Months



	Rate Change:

NYMEX Division Margins on
Henry Hub Natural Gas Futures Contracts


Effective at Close of Business Tuesday, December 5, 2000	Old	New



Clearing Member (Maintenance Margin)	$7,500	$10,000



Member Customer (Initial Margin)	$8,250	$11,000



Non-Member Customer (Initial Margin)	$10,125	$13,500

This notice supersedes all previous notices regarding outright margins for the NYMEX Henry Hub Natural Gas Futures contract.

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com