|To:||File No. S7-16-01|
|From:||Lisa N. Jones|
|Date:||July 1, 2002|
|RE:||Customer Margin Proposals Relating to Security Futures|
On June 28, 2002, the SEC and CFTC met with the Securities Industry Association ("SIA") and Futures Industry Association ("FIA") to discuss customer margin relating to security futures.