FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

Jan. 21, 1998

Baltic International Freight Futures Market Prev.

Close High Low Vol. Close

Jan. 1105 1120 1105 54 1122

Feb. 1085 1100 1085 21 1110

Mar. 1130 1145 1130 41 1151

Apr. 1155 1170 1155 51 1170

July 1035 1035 1035 2 1055

Total sales, 180 contracts.