To Whom it May Concern:

As Successor Trustee of a Full Membership on the CBOT, I ask that you rule against the CBOE proposal to eliminate the contracted full trading rights of CBOT members.

The CBOE exists today because of the time, talent and treasure of CBOT members who created the organization. A valid contract exists between both entities and eligible CBOT full members do have trading rights to the CBOE as well as the right to share equally in any distribution arising from a planned demutualization. Any ruling that negates that contract would be unfair to those who invested in a CBOT membership with the expectation of those rights. If there is an issue with the contract, that is a matter for the state court to resolve.

Again I respectfully ask that you disapprove the CBOE's proposed rule change.


Gerald A. McGreevy