(00-389) New York Mercantile Exchange to Base Certain enymex ,
 November 13, 2000
Notice to Member No. 389

New York Mercantile Exchange to Base Certain enymex Contracts on Platts=20
Benchmarks

The New York Mercantile Exchange and Platts, the world's premier energy=20
market information service, have signed a letter of intent for Platts prici=
ng=20
benchmarks to be used in enymex contracts for crude oil, refined oil=20
products, natural gas, electricity, and metals.

Platts, a division of The McGraw-Hill Companies (NYSE: MHP), will also=20
provide enymex with real-time news and market commentary.

The Exchange will license Platts=01, price assessments and benchmarks as a =
basis=20
for commodities contracts traded on enymex, an internet-based platform for=
=20
trading and clearing forward contracts for physical commodities.  The syste=
m=20
is scheduled for launch during the second quarter of 2001.

"Every day, more than $10 billion worth of energy commerce is based on=20
Platts' exclusive and authoritative price assessments," said Harry Sachinis=
,=20
president of Platts. "With this agreement, Platts will extend its leadershi=
p=20
to the emerging world of energy e-commerce. It is significant that the worl=
d=01,
s largest energy exchange, the New York Mercantile Exchange, has chosen to=
=20
base its enymex contracts on Platts benchmarks."

Exchange Chairman Daniel Rappaport said, "We are proud that enymex will hav=
e=20
standing behind it the two biggest names in providing price transparency to=
=20
the energy and metals industries. This agreement brings us one step closer =
to=20
the Exchange=01,s goal of extending the same leadership and credibility to =
a B2B=20
marketplace as we have so successfully offered these industries through our=
=20
bricks-and-mortar business.  Most importantly, it will enable us to offer=
=20
clearing services and an open marketplace for popular over-the-counter=20
products."

Platts is the world's largest and most authoritative provider of energy=20
market information, with more than 325 professionals worldwide and products=
=20
ranging from real-time and Internet-based news services, to market reports,=
=20
databases, magazines and conferences. The company is also a leading provide=
r=20
of news, pricing and analysis on the global metals market. Additional=20
information is available at www.platts.com and www.plattsmetals.com.

Founded in 1888, The McGraw-Hill Companies is a global information services=
=20
provider meeting worldwide needs in the financial services, education and=
=20
business information markets through leading brands such as Standard & Poor=
=01,
s, BusinessWeek and McGraw-Hill Education.  The corporation has more than 4=
00=20
offices in 32 countries.  Sales in 1999 were $4.0 billion.  Additional=20
information is available at www.mcgraw-hill.com.


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