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November 29, 2005

Via Federal Express

Ms. Jean A. Webb
Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, DC 20581

Re: National Futures Association: Proposed Amendments to Bylaw 1301 Regarding Forex Dealer Member Dues*

Dear Ms. Webb:

Pursuant to Section 17(j) of the Commodity Exchange Act, as amended, National Futures Association ("NFA") hereby submits to the Commodity Futures Trading Commission ("CFTC" or "Commission") proposed amendments to Bylaw 1301 regarding Forex Dealer Member dues. This proposal was approved by NFA's Board of Directors ("Board") on November 17, 2005. NFA respectfully requests Commission review and approval of the proposed amendments.

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSALS

NFA respectfully requests that the Commission review and approve the proposed amendments to Bylaw 1301 regarding Forex Dealer member dues.

Respectfully submitted,
Thomas W. Sexton
Vice President and General Counsel

* The proposed amendments to Bylaw 1301 regarding Forex Dealer Member Dues become effective on April 30, 2006.

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