FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

Jan. 27, 1998

Baltic International Freight Futures Market Prev.

Close High Low Vol. Close

Jan. 1075 1075 10.75 11 1080

Feb. 1055 __ __ __ 1050

Mar. 1107 1099 1097 40 1102

Apr. 1150 1150 1145 56 1155

July 1020 __ __ __ 1020

Total sales, 107 contracts.