CBOE: QQQ Position Limits Increased At CBOE Effective Immediately

The Chicago Board Options Exchange® (CBOE®), the world's largest options exchange, today announced that it has increased position and exercise limits for options on the Nasdaq-100 Index Tracking StockSM (ticker symbol QQQ). Effective immediately, the standard position and exercise limit in the QQQ option class will be 300,000 contracts on either side of the market, increased from 75,000 contracts on either side. The changes were approved by the Securities and Exchange Commission (SEC) on Friday, January 18, 2002.

"CBOE is the leader in index option trading and QQQ is one of our most actively traded products. We are particularly pleased to be able to offer this enhancement to our customers," said CBOE's Chairman and Chief Executive Officer William J. Brodsky.

The Nasdaq-100 Index Tracking Stock (QQQ) represents ownership in the Nasdaq-100 TrustSM, a long-term unit investment trust established to accumulate and hold a portfolio of the equity securities that comprise the Nasdaq-100 Index®.

Trading hours for QQQ options at CBOE are 8:30 a.m. to 3:15 p.m. CST (Chicago time).

Requirements for firm proprietary and customer accounts to report to CBOE positions and hedge information in excess of specified thresholds are in effect. Questions regarding reporting requirements should be directed to your broker, clearing firm or CBOE's Department of Market Regulation.

CBOE, the world's largest options marketplace and creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at http://www.cboe.com