FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

Jan. 28, 1998

Baltic International Freight Futures Market Prev.

Close High Low Vol. Close

Jan. 1075 __ __ __ 1075

Feb. 1055 1055 1055 28 1055

Mar. 1110 1110 1110 24 1107

Apr. 1160 1160 1160 26 1150

July 1020 __ __ __ 1020

Total sales, 78 contracts.