Rule Submissions to the CFTC

August 27, 2003

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 NFA Bylaws 301(i) and 1301(b) and NFA's Interpretive Notice Entitled "NFA Compliance Rule 2-10: The Allocation of Block Orders for Multiple Accounts," and the Proposed Deletion of NFA's Interpretive Notice Entitled "NFA Compliance Rule 2-10: Orders Eligible for Post-Execution Allocation" *

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 NFA Bylaws 301(i) and 1301(b) and NFA's Interpretive Notice entitled "NFA Compliance Rule 2-10: The Allocation of Block Orders for Multiple Accounts," and the proposed deletion of NFA's Interpretive Notice entitled "NFA Compliance Rule 2-10: Orders Eligible for Post-Execution Allocation."

PROPOSED RULE AMENDMENTS

EXPLANATION OF PROPOSALS

NFA is invoking the "ten-day" provision of Section 17(j) of the Commodity Exchange Act and will make these proposals effective ten days after receipt of this submission by the Commission unless the Commission notifies NFA that the Commission has determined to review the proposals for approval.

Respectfully submitted,

Thomas W. Sexton
Vice President and General Counsel

cc: Chairman James E. Newsome
Commissioner Barbara Pedersen Holum
Commissioner Sharon Brown-Hruska
Commissioner Walt Lukken
Jane Kang Thorpe, Esq.
Gregory Mocek, Esq.
Patrick J. McCarty, Esq.
David Van Wagner, Esq.
Riva Spear Adriance, Esq.