CFTC Rule Submissions

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 the Interpretive Notice to NFA Compliance Rule 2-34 Regarding Performance Reporting and Disclosures*

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 the Interpretive Notice to NFA Compliance Rule 2-34 Regarding Performance Reporting and Disclosures. This proposal was approved by NFA's Board of Directors ("Board") on February 19, 2004.

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSALS

NFA respectfully requests that the Commission review and approve the proposed amendments to the Interpretive Notice to NFA Compliance Rule 2-34 Regarding Reporting and Disclosures. NFA intends to make the amendments effective on May 1, 2004, to correspond with the effective date of Compliance Rule 2-34 and the Interpretive Notice, if the Commission approves the amendments prior to that date.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel

cc: Chairman James E. Newsome
Commissioner Sharon Brown-Hruska
Commissioner Walt Lukken
James L. Carley, Es q.
Gregory Mocek, Esq.
Patrick J. McCarty, Esq.
David Van Wagner, Esq.
Riva Spear Adriance, Esq.