FREIGHT RATE FUTURES

FREIGHT RATE FUTURES

April 28, 1998

Baltic International Freight Futures Market Prev.

Close High Low Vol. Close

Apr. 1008 1008 1008 2 1010

May 965 970 965 12 0980

June 940 940 940 7 950

July 920 920 920 8 920

Oct. 1045 1045 1045 5 1055

Total sales, 34 contracts.