Release: #4154-98

For Release: June 9, 1998

CFTC'S FINANCIAL PRODUCTS ADVISORY COMMITTEE TO MEET ON JUNE 11, 1998

The Commodity Futures Trading Commission's (CFTC) Financial Products Advisory Committee (FPAC), chaired by CFTC Chairperson Brooksley Born, will hold a public meeting on Thursday, June 11, 1998, from 1:00 p.m. to 4:30 p.m. The meeting will be held at the Commission's Washington, D.C. headquarters, Three Lafayette Centre, 1155 21st Street, N.W., in the first floor hearing room, Room 1000.

The Commission is interested in hearing from FPAC members on various regulatory issues. The agenda for the meeting includes a discussion of the following topics:

* Use of notional funds by commodity trading advisors;

* Placement of foreign exchange terminals in the United States;

* Year 2000 preparations of the futures industry; and

* New developments.

The FPAC was created by the CFTC for the purpose of advising the Commission on issues concerning financial products and markets regulated by the Commission. The membership of the FPAC consists of 29 individuals representing industry professionals, futures exchanges, academics and market users.

For further information or to file a written statement with the Advisory Committee please contact Ms. Josiane Branch at (202) 418-5030.