NO. 2 HEATING OIL, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      174,829
COMMITMENTS
  18,689   25,491   21,179  105,526  105,891  145,394  152,561   29,435   22,268

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     -1,616)
  -8,600    2,538     -924   11,360   -1,161    1,836      453   -3,452   -2,069

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    10.7     14.6     12.1     60.4     60.6     83.2     87.3     16.8     12.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      120)
      19       29       30       63       63      103      103
 
 
NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(10,000 MMBTU'S)                                     OPEN INTEREST:      489,788
COMMITMENTS
  32,120   67,569  148,960  232,118  232,913  413,198  449,442   76,590   40,346

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     16,093)
  -1,330    9,192    2,496    9,688    2,198   10,854   13,886    5,239    2,207

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     6.6     13.8     30.4     47.4     47.6     84.4     91.8     15.6      8.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      189)
      39       60       60       84       74      161      159
 
 
M-3 BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      108,014
COMMITMENTS
   8,556    9,380      904   88,828   86,807   98,288   97,091    9,726   10,923

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      4,552)
       0      612       62    3,332    3,272    3,394    3,946    1,158      606

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     7.9      8.7      0.8     82.2     80.4     91.0     89.9      9.0     10.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       31)
       1        2        2       19       24       22       26
 
 
TCO BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       53,934
COMMITMENTS
   9,716    9,554      604   40,661   36,556   50,981   46,714    2,953    7,220

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:        300)
     856      120        0     -308      548      548      668     -248     -368

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    18.0     17.7      1.1     75.4     67.8     94.5     86.6      5.5     13.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       1        3        1       12       12       14       15
 
 
MALIN BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       53,690
COMMITMENTS
   2,518    4,809    3,643   42,242   42,570   48,403   51,022    5,287    2,668

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      6,552)
   1,035     -254      858    4,719    6,008    6,612    6,612      -60      -60

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     4.7      9.0      6.8     78.7     79.3     90.2     95.0      9.8      5.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       22)
       1        2        2       18       15       20       18
 
 
PG&E CITYGATE BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       59,606
COMMITMENTS
   6,408   13,984    2,747   46,697   38,676   55,852   55,407    3,754    4,199

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      3,666)
    -366    2,741      350    3,464      535    3,448    3,626      218       40

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    10.8     23.5      4.6     78.3     64.9     93.7     93.0      6.3      7.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       28)
       1        3        3       22       20       25       24
 
 
NGPL TEXOK BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       36,041
COMMITMENTS
   2,476        0      246   32,341   33,391   35,063   33,637      978    2,404

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:          .)
       .        .        .        .        .        .        .        .        .

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     6.9      0.0      0.7     89.7     92.6     97.3     93.3      2.7      6.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       20)
       1        0        1       17       17       18       18
 
 
SUMAS BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       60,503
COMMITMENTS
       0    1,742    3,999   43,750   44,494   47,749   50,235   12,754   10,268

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     -1,374)
       0   -1,290     -358   -2,504      -64   -2,862   -1,712    1,488      338

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     0.0      2.9      6.6     72.3     73.5     78.9     83.0     21.1     17.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       0        1        1       19       20       20       21
 
 
DOMINION BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       74,732
COMMITMENTS
  36,148   24,670      480   32,634   46,530   69,262   71,680    5,470    3,052

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:        722)
     -60      120       60      420      482      420      662      302       60

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    48.4     33.0      0.6     43.7     62.3     92.7     95.9      7.3      4.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       2        1        1       18       18       20       20
 
 
HENRY HUB GAS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      981,974
COMMITMENTS
 231,571   72,477  162,815  568,352  735,946  962,738  971,238   19,236   10,736

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      6,782)
 -15,983    2,995    5,108   19,302      215    8,427    8,318   -1,645   -1,536

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    23.6      7.4     16.6     57.9     74.9     98.0     98.9      2.0      1.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      126)
      24        9       31       84       79      120      111
 
 
HENRY HUB PENULTIMATE GAS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      139,803
COMMITMENTS
  21,038   51,791   30,102   87,181   56,284  138,321  138,177    1,482    1,626

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      2,820)
    -290      466    1,700    3,170      850    4,580    3,016   -1,760     -196

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    15.0     37.0     21.5     62.4     40.3     98.9     98.8      1.1      1.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       50)
      11        9       14       28       27       46       43
 
 
PJM ELECTRICITY MONTHLY - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:       59,850
COMMITMENTS
  16,918    2,260   13,269   28,821   44,121   59,008   59,650      842      200

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      1,091)
   1,300     -480      272     -721    1,199      851      991      240      100

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    28.3      3.8     22.2     48.2     73.7     98.6     99.7      1.4      0.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       41)
       3        4        7       32       28       39       35
 
 
NYISO ZONE A LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:       21,977
COMMITMENTS
   3,184      809    1,438   17,311   19,177   21,933   21,424       44      553

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:       -348)
       0       78      -44       36      -42       -8       -8     -340     -340

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    14.5      3.7      6.5     78.8     87.3     99.8     97.5      0.2      2.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       27)
       2        2        3       17       18       21       21
 
 
NYISO ZONE G LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:        8,935
COMMITMENTS
     172    5,474      856    7,907    2,605    8,935    8,935        0        0

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:          0)
       0        0        0        0        0        0        0        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     1.9     61.3      9.6     88.5     29.2    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       23)
       1        3        2       12        9       15       12
 
 
ISO NEW ENGLAND LMP SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:        9,650
COMMITMENTS
   3,480    2,900    1,700    4,220    4,670    9,400    9,270      250      380

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:        220)
    -200      100        0      440      140      240      240      -20      -20

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    36.1     30.1     17.6     43.7     48.4     97.4     96.1      2.6      3.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       22)
       3        2        5       15       15       20       20
 
 
CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:      791,036
COMMITMENTS
  87,892   90,200  140,233  510,659  489,926  738,784  720,359   52,252   70,677

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:    -40,630)
 -15,137  -12,744      225   -9,503  -14,364  -24,415  -26,883  -16,215  -13,747

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    11.1     11.4     17.7     64.6     61.9     93.4     91.1      6.6      8.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      250)
      54       93       95       85       92      201      224
 
 
PALLADIUM - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       13,181
COMMITMENTS
   8,017    3,190      333    2,118    8,806   10,468   12,329    2,713      852

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:       -139)
     -82      119       77       -9     -383      -14     -187     -125       48

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    60.8     24.2      2.5     16.1     66.8     79.4     93.5     20.6      6.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      116)
      60       20        6       13       22       77       47
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:        8,140
COMMITMENTS
   4,875    1,530      146    1,368    5,549    6,389    7,225    1,751      915

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:     -1,319)
  -1,520      293      141      316   -1,618   -1,063   -1,184     -256     -135

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    59.9     18.8      1.8     16.8     68.2     78.5     88.8     21.5     11.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       52)
      20       10        3        7       15       29       26
 
 
UNLEADED GASOLINE, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 05/17/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      149,061
COMMITMENTS
  25,140   12,017   11,341   99,760  113,739  136,241  137,097   12,820   11,964

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:       -421)
  -6,783    2,568      460    9,309   -2,344    2,986      684   -3,407   -1,105

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    16.9      8.1      7.6     66.9     76.3     91.4     92.0      8.6      8.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      155)
      38       28       38       66       75      122      126
 

Updated May 20, 2005