NO. 2 HEATING OIL, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      196,704
COMMITMENTS
  20,818   23,262   36,638  107,839  107,647  165,295  167,546   31,409   29,158

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     17,580)
   7,245     -819    8,108     -973    8,705   14,379   15,994    3,201    1,587

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    10.6     11.8     18.6     54.8     54.7     84.0     85.2     16.0     14.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      128)
      29       26       33       62       67      110      108
 
 
NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(10,000 MMBTU'S)                                     OPEN INTEREST:      698,498
COMMITMENTS
  26,347   64,805  284,579  314,580  311,366  625,506  660,750   72,992   37,748

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     16,274)
     415    7,214    7,453    7,232    1,888   15,100   16,555    1,173     -282

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     3.8      9.3     40.7     45.0     44.6     89.6     94.6     10.4      5.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      216)
      46       70       81       95       87      185      197
 
 
M-3 BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       69,688
COMMITMENTS
   3,995    4,584    1,333   56,356   59,621   61,684   65,538    8,004    4,150

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:      1,696)
       0        0        0      780    1,394      780    1,394      916      302

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     5.7      6.6      1.9     80.9     85.6     88.5     94.0     11.5      6.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       31)
       1        1        2       27       22       29       24
 
 
PG&E CITYGATE BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       43,087
COMMITMENTS
   2,185    1,435    4,432   31,578   34,470   38,195   40,337    4,892    2,750

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:      1,772)
    -372     -368      771      728      606    1,127    1,009      645      763

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     5.1      3.3     10.3     73.3     80.0     88.6     93.6     11.4      6.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       26)
       2        2        3       20       19       23       23
 
 
SUMAS BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       67,845
COMMITMENTS
   8,050        0    1,216   53,203   55,156   62,469   56,372    5,376   11,473

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:      3,138)
   1,222        0       62    1,883    2,410    3,167    2,472      -29      666

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    11.9      0.0      1.8     78.4     81.3     92.1     83.1      7.9     16.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       1        0        1       22       18       23       19
 
 
HENRY HUB GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      983,913
COMMITMENTS
 229,371   61,510  173,320  550,066  727,313  952,757  962,143   31,156   21,770

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     28,348)
 -10,441   -5,232    5,991   19,493   13,708   15,043   14,467   13,305   13,881

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.3      6.3     17.6     55.9     73.9     96.8     97.8      3.2      2.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      125)
      18        9       27       84       77      115      105
 
 
HENRY HUB PENULTIMATE GAS SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      130,702
COMMITMENTS
  28,845   37,931   36,689   62,613   54,993  128,147  129,613    2,555    1,089

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     13,624)
   7,300    3,678    2,132    4,162    8,524   13,594   14,334       30     -710

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    22.1     29.0     28.1     47.9     42.1     98.0     99.2      2.0      0.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       47)
      10        8       14       24       28       42       42
 
 
PJM ELECTRICITY MONTHLY - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:       42,263
COMMITMENTS
   2,926    5,350   10,185   28,844   26,488   41,955   42,023      308      240

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:        902)
     763      959     -296      655       40    1,122      702     -220      200

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     6.9     12.7     24.1     68.2     62.7     99.3     99.4      0.7      0.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       38)
       3        6        7       23       28       30       37
 
 
NYISO ZONE A LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:       18,601
COMMITMENTS
   2,144    1,384    1,879   14,578   15,338   18,601   18,601        0        0

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:       -554)
     248     -596       88     -890      -46     -554     -554        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    11.5      7.4     10.1     78.4     82.5    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       26)
       3        2        3       16       16       20       20
 
 
NYISO ZONE G LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:        9,360
COMMITMENTS
     218    5,614    1,228    7,914    2,518    9,360    9,360        0        0

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:         46)
       0    1,016     -508      554     -462       46       46        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     2.3     60.0     13.1     84.6     26.9    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       23)
       1        3        3       14       11       17       15
 
 
CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:    1,140,426
COMMITMENTS
 124,594   36,002  263,599  690,481  762,870  1078674  1062471   61,751   77,954

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:    -20,911)
  20,914   -4,873  -22,521  -17,948    9,303  -19,555  -18,091   -1,357   -2,821

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    10.9      3.2     23.1     60.5     66.9     94.6     93.2      5.4      6.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      255)
      85       61       95       88       99      214      218
 
 
PALLADIUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       14,402
COMMITMENTS
   8,092    2,572      785    2,365    9,789   11,242   13,146    3,160    1,256

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:        448)
      19       47       41      -38      121       22      209      426      239

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    56.2     17.9      5.5     16.4     68.0     78.1     91.3     21.9      8.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      119)
      63       21        5       12       24       80       48
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:        7,516
COMMITMENTS
   3,773      355        0    1,861    6,187    5,634    6,542    1,882      974

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:         78)
     155       44        0       71        1      226       45     -148       33

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    50.2      4.7      0.0     24.8     82.3     75.0     87.0     25.0     13.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       46)
      20        3        0        8       15       28       18
 
 
UNLEADED GASOLINE, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      195,619
COMMITMENTS
  26,521    3,272   37,019  112,893  137,415  176,433  177,706   19,186   17,914

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:      8,672)
   5,378   -2,134    3,489     -429    5,183    8,438    6,538      234    2,134

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    13.6      1.7     18.9     57.7     70.2     90.2     90.8      9.8      9.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      167)
      52       17       43       76       83      143      133
 

Updated February 25, 2005