NO. 2 HEATING OIL, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      188,995
COMMITMENTS
  11,580   24,676   34,199  114,980  102,800  160,759  161,675   28,237   27,321

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -7,395)
     -82    2,002    1,232   -9,166   -9,814   -8,015   -6,580      621     -814

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     6.1     13.1     18.1     60.8     54.4     85.1     85.5     14.9     14.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      131)
      18       32       37       65       71      110      116
 
 
NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(10,000 MMBTU'S)                                     OPEN INTEREST:      681,696
COMMITMENTS
  28,266   61,663  259,960  330,082  325,790  618,308  647,413   63,388   34,283

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     36,156)
   4,530    4,394   14,729   18,588   13,779   37,847   32,902   -1,691    3,254

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.1      9.0     38.1     48.4     47.8     90.7     95.0      9.3      5.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      207)
      43       62       72       97       85      179      184
 
 
M-3 BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       68,474
COMMITMENTS
   3,015    6,420    2,121   58,767   58,715   63,903   67,256    4,571    1,218

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -2,096)
   2,363        0     -651   -4,106   -1,228   -2,394   -1,879      298     -217

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.4      9.4      3.1     85.8     85.7     93.3     98.2      6.7      1.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       33)
       1        1        1       28       23       29       25
 
 
TCO BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       44,627
COMMITMENTS
   5,266    2,464      428   36,694   36,126   42,388   39,018    2,239    5,609

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -6,258)
     578   -7,468   -1,712   -4,935    2,448   -6,069   -6,732     -189      474

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    11.8      5.5      1.0     82.2     81.0     95.0     87.4      5.0     12.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       1        2        1       15       12       17       14
 
 
PG&E CITYGATE BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       30,047
COMMITMENTS
   1,639    2,021    1,104   24,457   25,398   27,200   28,523    2,847    1,524

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -6,066)
  -1,315   -1,377     -153   -4,288   -4,529   -5,756   -6,059     -310       -7

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     5.5      6.7      3.7     81.4     84.5     90.5     94.9      9.5      5.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       3        2        2       18       15       21       19
 
 
SUMAS BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       50,102
COMMITMENTS
   1,736      284      866   44,563   43,013   47,165   44,163    2,937    5,939

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -2,279)
     186      124     -310   -2,310   -2,966   -2,434   -3,152      155      873

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     3.5      0.6      1.7     88.9     85.9     94.1     88.1      5.9     11.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       26)
       1        1        2       22       18       24       20
 
 
HENRY HUB GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      852,117
COMMITMENTS
 186,172   59,260  127,924  524,746  659,923  838,842  847,107   13,275    5,010

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:    -27,206)
  14,014    5,912   -1,085  -41,141  -26,191  -28,212  -21,364    1,006   -5,842

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    21.8      7.0     15.0     61.6     77.4     98.4     99.4      1.6      0.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      106)
      14       12       24       72       68       99       93
 
 
HENRY HUB PENULTIMATE GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       67,421
COMMITMENTS
   7,518   14,597   21,595   34,270   29,761   63,383   65,953    4,038    1,468

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      6,367)
  -1,587      567    2,731    6,002    4,262    7,146    7,560     -779   -1,193

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    11.2     21.7     32.0     50.8     44.1     94.0     97.8      6.0      2.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       33)
       6        5        9       19       20       30       29
 
 
PJM ELECTRICITY MONTHLY - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:       33,726
COMMITMENTS
   5,000      178    5,725   22,721   27,003   33,446   32,906      280      820

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -1,353)
     271       -2     -104   -1,283   -1,147   -1,116   -1,252     -237     -101

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    14.8      0.5     17.0     67.4     80.1     99.2     97.6      0.8      2.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       31)
       3        2        5       22       24       27       29
 
 
NYISO ZONE A LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:       19,414
COMMITMENTS
   1,681    3,806      840   16,893   14,768   19,414   19,414        0        0

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -1,940)
    -276   -1,242     -230   -1,434     -468   -1,940   -1,940        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.7     19.6      4.3     87.0     76.1    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       23)
       1        3        1       15       12       17       15
 
 
NYISO ZONE G LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:        6,860
COMMITMENTS
     842    2,550      634    5,384    3,424    6,860    6,608        0      252

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -794)
     -46      460     -460     -265   -1,046     -771   -1,046      -23      252

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    12.3     37.2      9.2     78.5     49.9    100.0     96.3      0.0      3.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       20)
       2        2        2       10       10       13       13
 
 
CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:    1,112,277
COMMITMENTS
  76,249   38,191  265,395  705,292  723,596  1046936  1027183   65,341   85,095

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     15,335)
   3,916     -443   -2,255    1,975    4,468    3,636    1,771   11,699   13,564

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     6.9      3.4     23.9     63.4     65.1     94.1     92.3      5.9      7.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      225)
      54       71       80       82       86      185      194
 
 
PALLADIUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       12,598
COMMITMENTS
   7,255    2,657       34    2,598    8,766    9,887   11,457    2,711    1,141

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:        -38)
      48      163      -57       19     -131       10      -25      -48      -13

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    57.6     21.1      0.3     20.6     69.6     78.5     90.9     21.5      9.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      113)
      61       20        1        9       23       71       43
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:        6,205
COMMITMENTS
   2,293      167       80    2,404    5,183    4,777    5,430    1,428      775

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -124)
      -6       11       80      -18       87       56      178     -180     -302

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    37.0      2.7      1.3     38.7     83.5     77.0     87.5     23.0     12.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       40)
      16        2        1       10       14       26       17
 
 
UNLEADED GASOLINE, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      180,803
COMMITMENTS
  16,515   13,345   26,648  125,239  125,389  168,402  165,382   12,401   15,421

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -2,763)
   1,554     -275    2,739   -5,870   -3,190   -1,578     -726   -1,186   -2,037

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.1      7.4     14.7     69.3     69.4     93.1     91.5      6.9      8.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      152)
      32       29       37       77       73      129      124
 
 
HEAT OIL CRACK SPRD CAL SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:       18,115
COMMITMENTS
       0    3,805    4,320   13,615    9,990   17,935   18,115      180        0

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -1,093)
     -15      666     -766     -312     -993   -1,093   -1,093        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     0.0     21.0     23.8     75.2     55.1     99.0    100.0      1.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       0        5        2       14       13       16       18
 
 
UNL GAS CRACK SPRD CAL SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:        8,677
COMMITMENTS
     450    2,106      402    7,825    6,169    8,677    8,677        0        0

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -330)
    -100     -410      -45     -185      125     -330     -330        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     5.2     24.3      4.6     90.2     71.1    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       1        1        2       15       14       17       16
 

Updated January 7, 2005