FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

Feb. 20, 1998

Baltic International Freight Futures Market Prev.

Close High Low Vol. Close

Feb. 1050 1050 1050 5 1020

Mar. 1160 1160 1145 5 1145

Apr. 1200 1200 1200 3 1200

July 1035 1035 1025 42 1025

Total sales, 60 contracts.