UNITED STATES OF AMERICA
Before the
COMMODITY FUTURES TRADING COMMISSION

�

Respondents seek interlocutory review of the October 30, 1998 order of the Administrative Law Judge ("ALJ") denying their motion to reopen the record and to issue subpoenas in the above-captioned reparations proceeding.¹ Respondents separately seek interlocutory review of the ALJ's November 30, 1998 order denying respondents' motion for disqualification.

We have considered the issues raised by respondents' applications. Under our rules, consideration of interlocutory appeals is discretionary and is granted only in extraordinary circumstances. 17 C.F.R. � 12.309. Based upon our review of the record and the parties' submissions, we do not believe that interlocutory review of the ALJ's orders is warranted.

Accordingly, the applications for interlocutory review are denied.

IT IS SO ORDERED.

By the Commission (Chairperson BORN and Commissioners TULL, HOLUM, SPEARS and NEWSOME).

________________________________
Jean A. Webb
Secretary of the Commission
Commodity Futures Trading Commission

Dated: December 31, 1998

___________________________________________________________________________________________

1 On November 4, 1998, the ALJ issued an order denying respondents' motion to certify for appeal the issues raised by his denial of respondents' motion to reopen the record.