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Notice I-97-29

December 15, 1997

Ballot Enclosed for Voting in NFA's Annual Election

Enclosed is your ballot for voting in NFA's annual election. NFA is a membership organization and each Member's vote is very important. Make your voice heard by completing your ballot.

Members may vote only in their respective voting categories and no write-in votes will be accepted. All ballots must be completed and received by Arthur Andersen, LLP on or before January 13, 1998. Ballots submitted which are not in accordance with these procedures, or which are received after January 13, 1998, will be considered void. All ballots must be sent to Arthur Andersen, LLP. A pre-addressed, postage-paid envelope is enclosed for your convenience.

Also enclosed is a copy of each position paper, if any, received by NFA from candidates in your voting category. If you have questions, please contact Audrey West at (312) 781-2255 or Daniel J. Roth at (312) 781-1390.

NATIONAL FUTURES ASSOCIATION

INTRODUCING BROKER

BALLOT

BOARD OF DIRECTORS

Please vote for one (1) individual.

Scott W. Stewart, President, Stewart-Peterson Group, Inc.

John D. Streich, President, First Capitol Ag, Inc.

***THIS BALLOT MUST BE RECEIVED BY JANUARY 13, 1998***

NATIONAL FUTURES ASSOCIATION

COMMODITY TRADING ADVISOR

BALLOT

BOARD OF DIRECTORS

Please vote for one (1) individual.

Thomas F. Basso, President, Trendstat Capital Management, Inc.

Robert L. Isaacson, President, Commodity Investment Consultants, Ltd.

Bruce N. Terry, Managing Director, Marathon Capital Growth Partners LLC

***THIS BALLOT MUST BE RECEIVED BY JANUARY 13, 1998***

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