NO. 2 HEATING OIL, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      149,494
COMMITMENTS
  10,816   24,395   12,018  102,327   88,935  125,161  125,348   24,333   24,146

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -9,638)
    -600    2,068      552   -9,916  -11,120   -9,964   -8,500      326   -1,138

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     7.2     16.3      8.0     68.4     59.5     83.7     83.8     16.3     16.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      128)
      20       28       30       62       67      103      107
 
 
NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(10,000 MMBTU'S)                                     OPEN INTEREST:      395,907
COMMITMENTS
  21,781   69,414  103,663  212,115  193,458  337,559  366,535   58,348   29,372

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     10,031)
   1,835    5,805      -54    9,882    1,230   11,663    6,981   -1,632    3,050

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     5.5     17.5     26.2     53.6     48.9     85.3     92.6     14.7      7.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      198)
      45       54       60       94       74      170      161
 
 
M-3 BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       68,474
COMMITMENTS
   3,015    6,420    2,121   58,767   58,715   63,903   67,256    4,571    1,218

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -2,096)
   2,363        0     -651   -4,106   -1,228   -2,394   -1,879      298     -217

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     4.4      9.4      3.1     85.8     85.7     93.3     98.2      6.7      1.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       33)
       1        1        1       28       23       29       25
 
 
TCO BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       44,627
COMMITMENTS
   5,266    2,464      428   36,694   36,126   42,388   39,018    2,239    5,609

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -6,258)
     578   -7,468   -1,712   -4,935    2,448   -6,069   -6,732     -189      474

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    11.8      5.5      1.0     82.2     81.0     95.0     87.4      5.0     12.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       1        2        1       15       12       17       14
 
 
PG&E CITYGATE BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       30,047
COMMITMENTS
   1,639    2,021    1,104   24,457   25,398   27,200   28,523    2,847    1,524

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -6,066)
  -1,315   -1,377     -153   -4,288   -4,529   -5,756   -6,059     -310       -7

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     5.5      6.7      3.7     81.4     84.5     90.5     94.9      9.5      5.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       3        2        2       18       15       21       19
 
 
SUMAS BASIS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       50,102
COMMITMENTS
   1,736      284      866   44,563   43,013   47,165   44,163    2,937    5,939

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -2,279)
     186      124     -310   -2,310   -2,966   -2,434   -3,152      155      873

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     3.5      0.6      1.7     88.9     85.9     94.1     88.1      5.9     11.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       26)
       1        1        2       22       18       24       20
 
 
HENRY HUB GAS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:      852,117
COMMITMENTS
 186,172   59,260  127,924  524,746  659,923  838,842  847,107   13,275    5,010

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:    -27,206)
  14,014    5,912   -1,085  -41,141  -26,191  -28,212  -21,364    1,006   -5,842

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    21.8      7.0     15.0     61.6     77.4     98.4     99.4      1.6      0.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      106)
      14       12       24       72       68       99       93
 
 
HENRY HUB PENULTIMATE GAS SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(2,500 MMBTU'S)                                      OPEN INTEREST:       67,421
COMMITMENTS
   7,518   14,597   21,595   34,270   29,761   63,383   65,953    4,038    1,468

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      6,367)
  -1,587      567    2,731    6,002    4,262    7,146    7,560     -779   -1,193

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    11.2     21.7     32.0     50.8     44.1     94.0     97.8      6.0      2.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       33)
       6        5        9       19       20       30       29
 
 
PJM ELECTRICITY MONTHLY - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(40 MEGAWATT HOURS PER PEAK DAY)                     OPEN INTEREST:       32,910
COMMITMENTS
   5,000      244    5,284   22,346   26,562   32,630   32,090      280      820

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -1,408)
     337       64     -197   -1,311   -1,174   -1,171   -1,307     -237     -101

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    15.2      0.7     16.1     67.9     80.7     99.1     97.5      0.9      2.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       31)
       3        2        5       22       24       27       29
 
 
NYISO ZONE A LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:       19,414
COMMITMENTS
   1,681    3,806      840   16,893   14,768   19,414   19,414        0        0

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -1,940)
    -276   -1,242     -230   -1,434     -468   -1,940   -1,940        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     8.7     19.6      4.3     87.0     76.1    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       23)
       1        3        1       15       12       17       15
 
 
NYISO ZONE G LBMP SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS 0F 400 MEGAWATT HOURS)                    OPEN INTEREST:        6,860
COMMITMENTS
     842    2,550      634    5,384    3,424    6,860    6,608        0      252

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -794)
     -46      460     -460     -265   -1,046     -771   -1,046      -23      252

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    12.3     37.2      9.2     78.5     49.9    100.0     96.3      0.0      3.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       20)
       2        2        2       10       10       13       13
 
 
CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:      683,120
COMMITMENTS
  74,567   67,020   74,091  479,579  465,979  628,237  607,090   54,883   76,030

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     26,662)
   4,580    2,052      385   10,441   10,620   15,406   13,057   11,256   13,605

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    10.9      9.8     10.8     70.2     68.2     92.0     88.9      8.0     11.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      204)
      42       64       63       77       82      163      171
 
 
PALLADIUM - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TROY OUNCES)                       OPEN INTEREST:       12,598
COMMITMENTS
   7,255    2,657       34    2,598    8,766    9,887   11,457    2,711    1,141

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:        -38)
      48      163      -57       19     -131       10      -25      -48      -13

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    57.6     21.1      0.3     20.6     69.6     78.5     90.9     21.5      9.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      113)
      61       20        1        9       23       71       43
 
 
PLATINUM - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 50 TROY OUNCES)                        OPEN INTEREST:        6,201
COMMITMENTS
   2,293      167       80    2,404    5,183    4,777    5,430    1,424      771

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -126)
      -6       11       80      -18       87       56      178     -182     -304

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    37.0      2.7      1.3     38.8     83.6     77.0     87.6     23.0     12.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       40)
      16        2        1       10       14       26       17
 
 
UNLEADED GASOLINE, N.Y. HARBOR - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 42,000 U.S. GALLONS)                   OPEN INTEREST:      159,903
COMMITMENTS
  16,442   13,687   12,883  119,856  119,422  149,181  145,992   10,722   13,911

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -4,679)
     972      513      846   -5,334   -3,767   -3,516   -2,408   -1,163   -2,271

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    10.3      8.6      8.1     75.0     74.7     93.3     91.3      6.7      8.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      146)
      29       28       32       75       70      123      116
 
 
HEAT OIL CRACK SPRD CAL SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:       18,115
COMMITMENTS
       0    3,805    4,320   13,615    9,990   17,935   18,115      180        0

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     -1,093)
     -15      666     -766     -312     -993   -1,093   -1,093        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     0.0     21.0     23.8     75.2     55.1     99.0    100.0      1.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       0        5        2       14       13       16       18
 
 
UNL GAS CRACK SPRD CAL SWAP - NEW YORK MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 1,000 BARRELS)                         OPEN INTEREST:        8,677
COMMITMENTS
     450    2,106      402    7,825    6,169    8,677    8,677        0        0

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -330)
    -100     -410      -45     -185      125     -330     -330        0        0

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     5.2     24.3      4.6     90.2     71.1    100.0    100.0      0.0      0.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       21)
       1        1        2       15       14       17       16
 

Updated January 7, 2005