NO. 2 HEATING OIL, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      164,803
COMMITMENTS
  18,087   24,406   13,024  108,879  100,957  139,990  138,387   24,813   26,416

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     10,048)
   5,333   -1,670    1,656    3,133    9,776   10,122    9,762      -74      286

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    11.0     14.8      7.9     66.1     61.3     84.9     84.0     15.1     16.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      130)
      25       27       33       59       73      108      111
 
 
NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(10,000 MMBTU'S)                                     OPEN INTEREST:      405,574
COMMITMENTS
  23,670   69,323  108,378  208,403  196,831  340,451  374,532   65,123   31,042

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     -4,679)
   1,420   -8,417    1,743  -15,037   -2,339  -11,874   -9,013    7,195    4,334

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     5.8     17.1     26.7     51.4     48.5     83.9     92.3     16.1      7.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      201)
      49       51       66       94       76      173      168
 
 
M-3 BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       70,114
COMMITMENTS
   3,443    4,088    2,741   58,607   60,935   64,791   67,764    5,323    2,350

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:        844)
     428     -620      620   -1,088     -288      -40     -288      884    1,132

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     4.9      5.8      3.9     83.6     86.9     92.4     96.6      7.6      3.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       33)
       1        1        2       28       23       30       25
 
 
TCO BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       44,953
COMMITMENTS
   1,906    2,464    1,604   38,078   35,508   41,588   39,576    3,365    5,377

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:       -100)
  -3,360        0    1,176      958   -1,472   -1,226     -296    1,126      196

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     4.2      5.5      3.6     84.7     79.0     92.5     88.0      7.5     12.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       22)
       1        2        2       15       14       17       17
 
 
PG&E CITYGATE BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       37,154
COMMITMENTS
   2,563    3,203    2,022   27,731   29,529   32,316   34,754    4,838    2,400

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      2,547)
  -1,218     -432      361    1,978    1,645    1,121    1,574    1,426      973

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     6.9      8.6      5.4     74.6     79.5     87.0     93.5     13.0      6.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       2        2        3       21       17       24       21
 
 
SUMAS BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       60,427
COMMITMENTS
   5,320      545    1,812   49,611   47,816   56,743   50,173    3,684   10,254

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      1,348)
     532       56      134     -575   -1,725       91   -1,535    1,257    2,883

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     8.8      0.9      3.0     82.1     79.1     93.9     83.0      6.1     17.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       1        1        2       21       17       23       19
 
 
HENRY HUB BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       29,571
COMMITMENTS
   3,108    2,124        0   25,569   22,755   28,677   24,879      894    4,692

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:          .)
       .        .        .        .        .        .        .        .        .

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    10.5      7.2      0.0     86.5     77.0     97.0     84.1      3.0     15.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       2        1        0       13       11       15       12
 
 
HENRY HUB GAS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      931,510
COMMITMENTS
 229,123   58,565  153,677  534,866  713,367  917,666  925,609   13,844    5,901

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     24,714)
  12,659   -8,746    9,210    5,064   24,871   26,933   25,335   -2,219     -621

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    24.6      6.3     16.5     57.4     76.6     98.5     99.4      1.5      0.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      127)
      20       11       28       87       76      120      106
 
 
HENRY HUB PENULTIMATE GAS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      106,378
COMMITMENTS
  38,448   35,022   20,377   41,968   49,613  100,793  105,012    5,585    1,366

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     17,650)
  13,734   12,032       40    2,186    6,192   15,960   18,264    1,690     -614

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    36.1     32.9     19.2     39.5     46.6     94.7     98.7      5.3      1.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       42)
      10        5       12       24       25       38       38
 
 
PJM ELECTRICITY MONTHLY - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:       36,716
COMMITMENTS
   4,736    3,370    5,475   26,366   27,692   36,577   36,537      139      179

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      2,406)
    -760    1,540      560    2,617      317    2,417    2,417      -11      -11

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    12.9      9.2     14.9     71.8     75.4     99.6     99.5      0.4      0.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       35)
       3        4        6       24       26       30       33
 
 
NYISO ZONE A LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:       20,711
COMMITMENTS
   2,103    4,558      917   17,691   15,236   20,711   20,711        0        0

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:        672)
     -20      200       56      636      416      672      672        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    10.2     22.0      4.4     85.4     73.6    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       3        2        2       16       15       19       19
 
 
NYISO ZONE G LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:        7,536
COMMITMENTS
     302    2,686    1,174    6,060    3,676    7,536    7,536        0        0

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:          0)
       0        0        0        0        0        0        0        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     4.0     35.6     15.6     80.4     48.8    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       1        3        3       11       10       14       14
 
 
CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:      713,890
COMMITMENTS
  98,204   64,354   90,677  476,155  494,844  665,036  649,875   48,854   64,015

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     -4,923)
  11,753   -6,172    5,236  -19,375    3,467   -2,386    2,531   -2,537   -7,454

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    13.8      9.0     12.7     66.7     69.3     93.2     91.0      6.8      9.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      216)
      55       63       66       78       84      178      174
 
 
PALLADIUM - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       12,947
COMMITMENTS
   7,605    2,012      173    2,522    9,674   10,300   11,859    2,647    1,088

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:        162)
      62      -70      173       62      100      297      203     -135      -41

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    58.7     15.5      1.3     19.5     74.7     79.6     91.6     20.4      8.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      116)
      65       15        3       10       23       78       41
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:        7,330
COMMITMENTS
   3,330      297        0    2,399    6,277    5,729    6,574    1,601      756

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:        721)
     693       68        0      -79      629      614      697      107       24

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    45.4      4.1      0.0     32.7     85.6     78.2     89.7     21.8     10.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       48)
      21        4        0        9       15       30       19
 
 
UNLEADED GASOLINE, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/25/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      168,126
COMMITMENTS
  24,822    6,800   13,060  115,839  136,132  153,721  155,992   14,405   12,134

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:       -255)
   4,710   -1,579      923   -5,776    2,486     -143    1,830     -112   -2,085

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    14.8      4.0      7.8     68.9     81.0     91.4     92.8      8.6      7.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      158)
      36       24       38       76       83      134      128
 

Updated January 28, 2005