Memorandum regarding conversation with Securities Industry Association and Futures Industy Association on S7-16-01

MEMORANDUM

To: File No. S7-16-01

From: Lisa N. Jones

Date: May 13, 2002

RE: Customer Margin Proposals Relating to Security Futures

On May 10, 2002, the SEC had a telephone conversation with a Securities Industry Association ("SIA") and Futures Industry Association ("FIA") representative to discuss the customer margin proposal relating to security futures.

To:	File No. S7-16-01
From:	Lisa N. Jones
Date:	May 13, 2002
RE:	Customer Margin Proposals Relating to Security Futures