Release: 4080-97

For Release: November 17, 1997

CHAIRPERSON BORN EXPRESSES APPRECIATION TO

COMMISSIONER JOSEPH DIAL

Washington--Commodity Futures Trading Commission (CFTC) Chairperson Brooksley Born, on behalf of herself and her fellow Commissioners, today expressed appreciation to Commissioner Joseph Dial for his dedication and tireless service to the Commission over the past six and one half years.

Earlier today Commissioner Dial commented, "Under the provisions of the Commodity Exchange Act, my term as a CFTC Commissioner officially ended when the First Session of the 105th Congress expired on November 13, 1997, without Congressional action on my pending nomination to a second term. It has been an honor to serve as a Commissioner of the CFTC for the last six and one half years. The Commission's success may best be measured by the continued growth and innovations in U.S. futures and option markets under CFTC oversight, and the fact that the CFTC's regulatory system has served as a model for so many other futures regulators around the world. I am proud that I was able to play a role in those accomplishments. I wish to extend my heartfelt thanks to my fellow Commissioners and the highly skilled, professional staff of the CFTC for all their hard work and the many kindnesses they extended to me during my tenure at the Commission. It has been a privilege to serve with such a dedicated group of individuals."