The Options Clearing Corporation #14766

BackTO: to InfomemoALL CLEAR SearchING MEMBERS

FROM: James C. Yong, First , Deputy General Counsel and Secretary

DATE: December 28, 1999

SUBJECT: NOMINATIONS FOR THE OPTIONS CLEARING CORPORATION AND MEMBERS OF THE 2001-2002 NOMINATING COMMITTEE

Please be advised that the Nominating Committee will meet on January 26, 2000 at the offices of OCC. At the meeting, the Committee will nominate (i) three candidates for election as Member Directors of OCC for a three-year term ending in April, 2003, and (ii) three candidates for election as members of the Nominating Committee for a two-year term ending in April, 2002.

The Nominating Committee will consider potential candidates proposed by Clearing Members. Please note that in order to be qualified for election either as a Member Director or as a member of the Nominating Committee, a candidate must be a Designee of a Clearing Member. A list of Clearing Member Designees is attached.

Please forward the name of any Designee you would like to propose for election as a Member Director or a Member of the Nominating Committee either to:

James C. Yong Secretary The Options Clearing Corporation 440 S. LaSalle Street, Suite 2400 Chicago, IL 60605 or to the members of the 2000-2001 Nominating Committee. For your convenience, the name and address of the members of the 2000-2001 Nominating Committee are: Norman R. Malo Dennis J. Donnelly National Financial Services Corporation McDonald Investments, Inc. 200 Liberty Street 800 Superior Avenue New York, NY 10281 Cleveland, OH 44114

James C. Tyree Philip H. Gocke Mesirow Financial, Inc. Tague Van der Moolen, LLC 350 North Clark Street 1900 Market Street Chicago, IL 60610 Philadelphia, PA 19103

Cynthia Zeltwanger Judith M. Kula FIMAT Futures USA, Inc. E.D. & F. Mann International Inc. 181 West Madison, Suite 3450 440 South LaSalle Street, 20th Floor Chicago, IL 60602 Chicago, IL 60605

Class II/term expires April, 2000 Class I/term expires April, 2001

If you have any questions regarding the above, please feel free to contact me at (312) 322-4451.

Nc2000inf.doc Mr. William Cousins Mr. Ronald J. Kessler Mr. John C. Harris A.B. Financial L.L.C. A.G. Edwards & Sons, Inc. ABN AMRO Incorporated 401 South LaSalle St., Suite 1200 One North Jefferson Avenue 208 South LaSalle Street Chicago, IL 60605 St. Louis, Missouri 63103 Chicago, IL 60604

Mr. Arthur Goldberg Mr. C. Mark Bold Mr. Kurt D. Halvorson ABN AMRO Sage Corporation ABN AMRO Sage Corporation Advanced Clearing, Inc. 440 South LaSalle Street 220 Bush Street, Suite #660 4211 S. 102 St. Chicago, IL 60605 San Francisco, CA 94104 P.O. Box 2226 Omaha, NE 68103-2226

Mr. Warren F. Pavlik Mr. Thomas J. Kennedy Mr. Charles J. Rodriguez Advest, Inc. Alpine Associates Arnhold and S. Bleichroeder, Inc. 40 Rector Street 120 BroadwaySuite 913 1345 Avenue of the Americas New York, NY 10006 New York, NY 10271 New York, NY 10105

Mr. Michael Hont Mr. William Gangi Mr. Bernard L. Madoff Asiel & Co. L.L.C. Bear, Stearns Securities Corporation Bernard L. Madoff Investment Securities 20 Broad Street 1 Metrotech Center North 885 Third Avenue, 18th Floor New York, NY 10005 Brooklyn, NY 11201-3859 New York, NY 10022

Mr. Lawrence E. Donato Mr. William T. Spane Mr. Chris Viegas BHC Securities, Inc./1 Commerce Square Securities, Inc../ 1 Commerce Square BHF Securities Corporation 2005 Market Street, Ste.. 1200 2005 Market Street, Ste 1200 590 Madison Ave. Philadelphia, PA 19103 Philadelphia, PA 19103 New York, NY 10022

Mr. Thomas J. Mahoney Mr. Edward L. Ellis Mr. Frank O’Connor BNP Securities (U.S.A.), Inc. BNY ESI & Co., Inc. Brown & Company Securities Corp. 3 Radnor Corporate Center 1633 Broadway One Beacon Street Radnor, PA 19087 New York, NY 10019 Boston, MA 02108

Mr. J. Michael Connelly Mr. Rodney Trautvetter Ms. Patricia Pokuta BT Alex Brown Incorporated Burke, Christensen and Carr Futures, Inc. 375 West Padonia Road Lewis Securities, Inc. 10 South Wacker Drive Timonium, MD 21093 303 West Madison St., 4th Flr Ste 1125 Chicago, IL 60606 Chicago, IL 60606

Mr. Wayne Fieldsa Ms. Susan H. VanHorn Mr. Michael Schwartz Charles Schwab & Co., Inc. Chase Futures & Options, Inc. CIBC World Markets Corp.. 440 S. LaSalle Street 10 South LaSalle Street CIBC Oppenheimer Tower Suite 3720 Chicago, IL 60603 World Financial Center Chicago, IL 60605 200 Liberty St. New York, NY 10281

Mr. G. W. K. Kleberg Mr. Ashok V. Bhatia Mr. Michael Walsh CIBC World Markets Inc. Citicorp Securities Services, Inc. Commerzbank Capital Markets Corp. BCE Place, 161 Bay Street 111 Wall Street 1251 Avenue of the Americas Toronto, Ontario M5J 2S8 New York, NY 10005 New York, NY 10020

Mr. Frank J. DeCongelio Ms. Michelle R. White Mr.Thomas Anzalone Credit Suisse First Boston Corporation Dain Rausher Inc. Daiwa Securities America Inc. 5 World Trade Center7th Floor 510 Ave SouthSuite 1300 Financial Square32 Old Slip New York, NY 10048 Minneapolis, MN 55402 New York, NY 10005-3538 Mr. Tony Miliote Mr. Bruce Glaser Mr. Joseph J. Dattolo Dean Witter Reynolds Inc. Deutsche Bank Securities DLJ Pershing Div 2 World Trade Center, 66th Floor 1251 Avenue of the Americas 1 Pershing Plaza, 8th Floor New York, NY 10048 New York, NY 10104-0101 Jersey City, NJ 07399

Mr. Jeffrey Nachman Ms. Lisa Bredeson Mr. Robert C. Doebler Dreyfus Brokerage Services, Inc. E-Trade Securities, Inc. E.D.& F Man International Inc. 5757 Wilshire Blvd. Four Embarcadero Place 440 S. LaSalle Street Los Angeles, CA 90036 2400 Geng Road 20th Floor Palo Alto, CA 94301 Chicago, IL 60605

Mr. William P. Behrens Mr. Thomas Grabowski Mr. Albert G. Lowenthal Investec Ernst & Co. BNY Clearing Services LLC Fahnestock & Co. Inc. One Battery Park Plaza 111 East Kilbourn 125 Broad Street 6th Floor Milwaukee, WI 53202 New York, NY 10004 New York, NY 10004-1405

Mr. Paul J. Geidel Ms. Cynthia Zeltwanger Mr. Frank Traylor Ferris, Baker Watts, Inc. Fimat Futures USA, Inc. First Albany Corporation 1720 Eye Street 181 West Madison Street 30 South Pearl Street Washington , DC 20006 Suite 3450 Albany, NY 12207 Chicago, IL 60602

Mr. W. Robert Felker Mr. Lee Sanford Mr. W. David Wood Banc One Brokerage International First Clearing Corporation First Marathon Securities Limited One First National Plaza 901 East Byrd Street The Exchange Tower Suite 401 Richmond, VA 23219 130 King Street West Chicago, IL 60670-0401 Suite 3200, P.O. Box 21 Toronto, Ontario M5X 1J9

Mr. Timothy R. Mullen Mr. George A. Johnson Mr. Leslie C. Quick III First Options of Chicago, Inc. Fiserv Correspondent Services, Inc. Fleet Securities, Inc. 440 South LaSalle Street 1125 17th Street 26 Broadway Chicago, IL 60605 Suite 1700 New York, NY 10004 Denver, Colorado 80202

Mr. James C. Hicks Mr. Anthony J. Monaco Mr. Peter Bailey Freeman Welwood & Co., Inc. Goldman, Sachs & Co. Gordon Capital Corporation 1700 Century Square 85 Broad Street Box 67, Suite 5300 Toronto Dominion Centre 1501 4th Avenue 9th Floor Toronto, Ontario M5K 1A2 Seattle, WA 98101 New York, NY 10004

Mr. G. J. O’Mahoney Mr. Thomas W. Grant Mr. John R. Stone Green Line Investor Services Inc. H.G. Wellington & Co., Inc. Hambrecht & Quist LLC P.O. Box 1 Toronto Dominion Centre 14 Wall Street One Bush Street, 14th Floor Toronto , Ontario M5K 1A2 New York, NY 10005 San Francisco, CA 94104

Mr. Anthony T. Geraci Mr. Richard Terrell Mr. M. Blair Hull Herzog, Heine, Geduld, Inc. Howe Barnes Investments, Inc. Hull Trading Co., LLC 525 Washington Blvd 135 S. LaSalle Street 311 South Wacker Drive Jersey City, NJ 07310 Suite 1500 Suite 1400 Chicago, IL 60603 Chicago, IL 60606

Mr. Howard Kotzen Mr. Edward H. Oberst Mr. Charles R. Hood ING (U.S.) Securities, Partner Instinet Corporation Futures & Options, Inc. Ingalls & Snyder L.L.C. 875 Third Avenue 440 S. LaSalle Street 61 Broadway New York, NY 10022 Suite 2800 New York, NY 10006 Chicago, IL 60605 Mr. John Felber Mr. Robert D. Doll Mr. Vincent Mattera General Partner J.J.B. Hilliard, J.P. Morgan Securities Inc. J.C. Bradford & Co., L.L.C. W.L. Lyons, Inc. 60 Wall Street, 18th Floor 330 Commerce Street P.O. Box 32760 New York, NY 10260 Nashville, TN 37201 Louisville, Kentucky 40232

Mr. David J. Cunningham Mr. Rudy Gamboa Ms. Donna K. Chase-Shahabi Montgomery Scott LLC JB Oxford & Company Jeffries & Company, Inc. 1801 Market Street 9665 Wilshire Blvd., 3rd Floor 11100 Santa Monica Boulevard Philadelphia, PA 19103 Beverly Hills, CA 90212 12th Fl. Los Angeles, CA 90025

Mr. Arnold Weinberg Mr. Mark Criscitello Mr. Kevin McHale JW Genesis Clearing Corp. Kalb Voorhis & Co., LLC Kellner, DiLeo & Co. 980 North Federal Highway #210 27 William Street 900 3rd Avenue, 10th Floor Boca Raton, FL 33432 New York, NY 10005 New York, NY 10022

Ms. Cathy Schwarz Mr. Mark Gannon Mr. D. Stuart Bowers Ladenburg, Thalmann & Co. Inc. Lakeshore Securities, L.P. Legg Mason Wood Walker, Inc. 590 Madison Avenue 401 South LaSalle Street 100 Light Street New York, NY 10022 Chicago, IL 60605 P.O. Box 1476 Baltimore, MD 21203-1476

Mr. Mark Sanborn Mr. Eugene Januszewski Mr. Thomas Conroy Lehman Brothers Inc. Levesque Beaubien Geoffrion Inc. LFG, L.L.C. 3 World Financial Center 1155 Metcalfe 233 S. Wacker Drive, 23rd Fl. New York, NY 10285 Montreal, Quebec H3B 4S9 Chicago, IL 60604

Mr. Stephen Castellano Ms. Karen Davies Mr. Frank Mangiafico Maple Partners U.S.A. Inc. McDonald Investments Inc. Merrill Lynch Professional Clearing Corp. 101 Hudson Street 800 Superior Avenue 101 Hudson Street Jersey City, NJ 07302 Suite 2100 Jersey City, NJ 07302 Cleveland, OH 44114

Mr. Fred Enriquez Mr. William McGowan Mr. Tom White Merrill Lynch, Pierce, Mesirow Financial, Inc. Merrill Lynch Canada Fenner & Smith Incorporated 350 North Clark Street 22 Front Street West 101 Hudson Street Chicago, IL 60610 Toronto, Ontario M5J 2W5 Jersey City, NJ 07302-3997

Mr. David Johnson Mr. Joseph C. Weller Mr. Norman Malo Morgan Stanley & Co. Incorporated Morgan, Keegan & Company, Inc. National Financial Services Corporation 440 S. LaSalle Street Morgan Keegan Tower 200 Liberty Street Chicago, IL 60605 50 Front Street New York, NY 102281 Memphis, Tennessee 38103

Mr. Joseph Barra Mr. William Del Purgatorio Mr. Michael DiBenedetto National Investor Services Corp. NationsBanc Montgomery Securities LLC NationsBanc-CRT Services Inc. 55 Water Street 600 Montgomery Street 233 South Wacker, Sutie 2800 New York, NY 10041 San Francisco, CA 94111 Chicago, IL 60606

Ms. Patricia Fitzgerald Mr. Herbert W. Ackerman Mr. Dan Devine Nesbitt Burns Inc. Neuberger & Berman, LLC Nomura Securities International, Inc. 100 King Street W. 605 Third Avenue 2 World Financial Center, Bldg. B Toronto, Ontario M5X 1H3 New York, NY 10158 New York, NY 10281-1198 Mr. William Floersch Mr. Kenneth A. Madsen Mr. Paul Becker O'Connor & Co. LLC Olde Discount Corporation Oscar Gruss & Son Incorporated 401 S. LaSalle Street 751 Griswold Street 74 Broad Street Chicago, IL 60605 , 48226 New York, NY 10004

Ms. Bonnie Bowes Mr. Collin Carrico Mr. Glenn McCrae PaineWebber Incorporated Pax Clearing Company L.P. Preferred Technology, Inc. 1000 Harbor Boulevard, 7th Floor 440 S. LaSalle Street 220 Montgomery Street Weehawken, NJ 07087-6790 Chicago, IL 60605 Suite 777 San Francisco, CA 94104

Mr. Dennis Marrero Mr. Joseph De John Mr. Dennis W. Zank Prime Dealer Services Corp. Prudential Securities Incorporated Raymond James & Associates, Inc. One Pierrepont Plaza 1 New York Plaza, 13th Floor The Raymond James Financial Center Brooklyn, NY 11201 New York, NY 10292 880 Carillon Parkway St. Petersburg, FL 33716

Mr. Terrance Delabastide Mr. Wayne S.M. Ralph Mr. Santo C. Maggio RBC Dominion Securities Corporation RBC Dominion Securities Inc. Refco Securities Inc. 180 Maiden Lane Royal Bank Plaza One World Financial Center-Tower 20th Floor P.O. Box 50 A200 Liberty Street New York, NY 10038 Toronto, Ontario M5J 2W7 New York, NY 10281

Mr. Peter DeNicola Mr. Thomas P. Taylor Mr. Joseph Brinker Robb, Peck, McCooey Clearing Corporation Robert W. Baird & Co. Incorporated Roney & Company 20 Broad Street 777 East Wisconsin Avenue 1 Griswold Street New York, NY 10005 Milwaukee, WI 53202 Detroit, MI 48226

Ms. Linda Barbaro Mr. Frank Bisignano Mr. Peter Tucci Salomon Smith Barney Inc. Salomon Smith Barney Inc. Sanford C. Bernstein & Co., Inc. 333 West 34th Street 388 Greenwich Street One North Lexington Ave., 9th Flr. 4th Floor New York, NY 10013 White Plains, NY 10601 New York, NY 10013

Mr. Howard Miller Mr. Norman K. J. Graham Mr. David W. McMillan Schroder & Co. Inc. ScotiaMcLeod Inc. Scott & Stringfellow Inc. Equitable Center 40 King Street West 909 East Main Street 787 Seventh Avenue P.O. Box 4085, Station A Richmond, Virginia 23219 New York, NY 10019-6016 Toronto, Ontario M5W 2X6

Mr. Rodger O. Riney Mr. Anthony Bergamaschi Mr. David Glatstein Scottsdale Securities, Inc. SG Cowen Securities Corp. Southwest Securities, Inc. 12855 Flushing Meadow Inc. Financial Square The Renaissance Tower St. Louis, MO 63131 New York, NY 10005-3597 1201 Elm Street, Suite 4300 Dallas, Texas 75270-2180

Mr. Harvey Silverman Mr. Bruce A. Bennett Mr. Douglas W. Noll Spear, Leeds & Kellogg Stephens Inc. Stifel, Nicolaus & Company, Incorporated 120 Broadway 111 Center Street 500 North Broadway New York, NY 10271 Little Rock, Arkansas 72201 St. Louis, MO 63102

Mr. Gerald Feldman Mr. Edward Anselmin Mr. Philip H. Gocke StockCross, Inc, Swiss American Securities Inc. Tague Van der Moolen, LC One Washington Mall 12 East 49th Street 1900 Market Street, Suite 510 Boston, MA 02108 New York, NY 10017 Philadelphia , PA 19103 Mr. Paul Brody Mr. Michael Ryan Mr. Michael Duffy Timber Hill LLC Tradelink L.L.C. U.S. Bancorp Piper Jaffray Inc. Two Pickwick Plaza 175 West Jackson Boulevard Piper Jaffray Tower Greenwich, CT 06830 Suite A1235 222 South 9th Street Chicago, IL 60604 Minneapolis, Minnesota 55402

Mr. William S. Crews Mr. Lewis F. Semones Mr. Nick Scotto-Lavino Wachovia Investments, Inc. Wachovia Securities, Inc. Warburg Dillon Read LLC 301 North Main Street P.O. Box 1012 677 Washington Blvd Winston-Salem, NC 27012 Charlotte, NC 28201-1012 Stamford, CT 06912

Mr. William A. Rogers Mr. Dennis J. LoPresti Mr. Francis H. Powers Wayne Investments LLC Wedbush Morgan Securities, Inc. Weiss, Peck & Greer L.L.C. 300 South Wacker Drive P.O. Box 30014 One New York Plaza Chicago, IL 60606 Los Angeles, CA 90030 New York, NY 10004-1950

Mr. Stephen Campbell Mr. Bernard G. Ziv, Jr. William Blair & Company LLC ZIV Investment Company 222 West Adams Street 141 West Jackson Boulevard Chicago, IL 60606 Suite 2095 Chicago, IL 60604