MEMORANDUM

To:	File No. S7-16-01 and File No. S7-17-01
From:	Bonnie Gauch
Date:	November 30, 2001

RE: Meeting with the FIA/SIA Joint Steering Committee on Securities Futures Regarding the Proposed Single Stock Future Margin and Customer Protection Rules (Exchange Act Release Nos. 44853 and 44854, respectively)

On November 19, 2001 the Staff attended a meeting at the Washington, DC offices of the Securities Industry Association with the FIA/SIA Joint Steering Committee on Securities Futures and representatives from the Commodity Futures Trading Commission. A list of attendees is attached hereto as Exhibit A.

Various issues were raised and discussed by the attendees regarding the proposed margin rules relating to single stock futures. In addition, the attendees briefly discussed the proposed rules relating to the CFTC and Commission customer protection, segregation, and bankruptcy rules.

Meeting between SEC, CFTC, and the FIA/SIA Joint Steering Committee on Securities Futures

List of Attendees

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Dennis Murray	JP Morgan Chase
Al Scrivanich	Prudential Securities
Barbara Wierzynski	FIA
Elizabeth Fox	CFTC/OGC
John Mielke	CFTC/DEA
John Lawton	CFTC/T&M
Larry Patent	CFTC/T&M
Phyllis Dietz	CFTC/T&M
Mike Macchiaroli`	SEC
Elizabeth King	SEC
T.R. Lazo	SEC
Tom McGowan	SEC
Luke Farber	Merrill Lynch
Bob Litzenberger	Goldman Sachs
Mark Holloway	Goldman Sachs
Bonnie Gauch	SEC
Tony Leitner	Goldman Sachs
Bob Klein	Salomon Smith Barney
Georgia Bullitt	Morgan Stanley
John P. Davidson	Morgan Stanley
Jonathan Barton	Morgan Stanley
Ed Rosen	Cleary Gottlieb
Mike Alix	Bear Stearns
Eileen Flaherty (via conference call)	Aubrey Lanston
Peter Auwarter (via conference call)	Goldman Sachs
Jerry Quinn	SIA
Scott Kursman (via conference call)	SIA
Hong Anh Tran	SEC
Onnig Dombalagian	SEC
Jennifer Colihan	SEC
Lisa Jones	SEC
John Fenton	CFTC/DEA