Notices to Members

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Notice I-00-21

November 14, 2000

NFA Announces 2000 Nominating Committee Recommendations

In accordance with Bylaw 406, the Office of the Secretary has received from the 2000 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2001 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2000 Nominating Committee.

Other nominations may be made by petition. Article VII, Section 3(b) of NFA's Articles of Incorporation provides that:

"Nominations may be made for elected Director positions by:

    (i)Petition signed by 50 or more NFA Members* in the category for which the nomination is made (i.e., FCM and LTM, IB, CPO, and CTA); or

    (ii)Petition submitted by any organization or association recognized by NFA as fairly representing the category ... for which the nomination is made.

Petitions shall be submitted in the manner specified by the Bylaws. No petition may nominate more than one candidate for the same position."

Article X, Section 3 of NFA's Articles of Incorporation similarly permits nominations for the Nominating Committee by petition.

NFA Bylaw 406 requires that each petition identify the position to which the nomination pertains, and that all petitions must be received by the Secretary within 21 days of the date of this Notice. If you wish to submit additional nominations by petition, please make sure that petition candidates meet the category requirements of Article VI, VII & X, and that such petitions are received by the Secretary on or before December 5, 2000. Petitions received after that date will not be considered.

Petitions should be forwarded to:

National Futures Association
Attn: Daniel J. Roth
200 West Madison Street
Suite 1600
Chicago, Illinois 60606-3447

If you have any questions, do not hesitate to contact Audrey West at (312) 781-2255.


* Section 2 of Article VI of the Articles of Incorporation provides that for purposes of signing nomination petitions, a Member will be deemed to be a Member "only in that single category to which its business activities primarily relate."

2000 NOMINEES


FCM*

Board of Directors- 5 vacancies

Nominating Committee- 1 vacancy

Board of Directors

W. Robert Felker
President & Chief Executive Officer Banc One Brokerage
International Corporation
(1-15 Offices)

Bonnie Litt
Vice President & Associate General Counsel
Goldman Sachs & Co.
(1-15 Offices)

Charles P. Nastro
Managing Director
Director of Futures
Lehman Brothers, Inc.
(16-50 Offices)

O. Lee Reid, Jr.
Vice President - Futures
A. G. Edwards & Sons, Inc.
(51 + Offices)

Victor R. Silano
Senior Vice President
Paine Webber, Inc.
(51 + Offices)

Nominating Committee

Clarence Delbridge III
Executive Vice President
FC Stone LLC
(16-50 Offices)

IB**

Board of Directors- 1 vacancy

Nominating Committee- 1 vacancy

Board of Directors

John D. Streich
President
First Capitol Ag, Inc.

Nominating Committee

Peter E. Smith
President
Columbia Futures Group, Inc.

CPO

Board of Directors- 1 vacancy

Nominating Committee- 1 vacancy

Board of Directors

Robert E. Murray
President
Demeter Management Corporation

Nominating Committee

Bruce L. Cleland
President, CEO, Director
Campbell & Company, Inc.

CTA

Board of Directors- 1 vacancy

Nominating Committee- 1 vacancy

Board of Directors

Thomas F. Basso
Chief Executive Officer
Trendstat Capital Management, Inc.

Nominating Committee

Tracy C. Wills-Zapata
Executive Vice President
Dominion Capital Management, Inc.


* Due to the composition of the Board, at least one of the vacancies must be filled from an FCM with 16-50 offices and two from an FCM with 51+ offices. The remaining two vacancies can be filled from any category of FCM. The vacancy on the Nominating Committee must be filled from an FCM with 16-50 offices.

** Due to the composition of the Board, the vacancy must be filled from an independent IB.

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