CME Appoints Directors To Board.

The Board of Directors of the Chicago Mercantile Exchange (CME) has appointed two new directors to two-year terms on the CME Board: Paul Kimball, Managing Director and Global Co-Head of the Foreign Exchange Department of Morgan Stanley Dean Witter, and William P. Miller II, Senior Vice President and Independent Risk Oversight Officer for the Commonfund Group.The Board also re-appointed four Directors: Laurence Mollner, former Chairman of the Futures Industry Association (FIA) and Director of the National Futures Association (NFA); David M. Pryde, Managing Director, Global Futures and Options Business, J. P. Morgan and Company, formerly head of global commodities for Morgan Guaranty Trust Co., former Vice Chairman of the Commodity Exchange, Inc; Verne O. Sedlacek, President and Chief Operating Officer of John W. Henry & Co., Inc. and a director of the Futures Industry Association; Paul Simon, U.S. Senator for the State of Illinois from 1984 to 1996 and former candidate for U.S. President, who directs the Paul Simon Public Policy Institute at Southern Illinois University. Other CME appointed directors include: E. Gerald Corrigan, Managing Director at Goldman, Sachs & Co. and former President and Chief Executive Officer of the Federal Reserve Bank of New York; Wendy Gramm, former Chairman of the Commodity Futures Trading Commission from 1988 until 1993, and Director of the Regulatory Studies Program at George Mason University's Mercatus Center; John Lacey, past president of the National Cattlemen's Beef Association and partner in the Lacey Ranches; Merton Miller, Distinguished Service Professor of Finance, Emeritus, at the Graduate School of Business, University of Chicago, and a Nobel Laureate in economics; and Ward Parkinson, founder of Micron Technology and its Chairman and Chief Executive Officer and then Vice Chairman from 1978 to 1989. He is an attorney with expertise in electronics and patent law. The appointed directors whose terms expired included Robert Easton, Director, Chairman and Chief Executive Officer of Stockton Holdings Limited; William J. Michaelcheck, Chairman and founder of Mariner Investment Group, Inc.; and David Puth, Managing Director of the Chase Manhattan Bank's Foreign Exchange & Derivatives Group. Under exchange rules, the CME Chairman, with the approval of the Board, appoints a number of directors who are non-members as well as those with commercial interests in the exchange. Appointed directors serve for a term of up to two years.