Hearings to Review Reform of the Commodity Exchange Act

and provisions of

H.R. 467, the Commodity Exchange Act Amendments of 1997

Tuesday, April 15, 1997

9:00 a.m.

1300 Longworth House Office Building

Panel 1

Ms. Brooksley Born, Chairperson, Commodity Futures Trading Commission

Panel 2

Ms. Susan M. Phillips, Governor, Board of Governors of the Federal Reserve System

Mr. Roger Anderson, Deputy Assistant Secretary for Federal Finance, Department of the Treasury

Mr. Richard Lindsey, Director of the Division of Market Regulation, Securities and Exchange Commission

Panel 3

Mr. Patrick H. Arbor, Chairman, Chicago Board of Trade

accompanied by: Mr. Tom Donovan, President and CEO

Mr. John F. Sandner, Chairman, Chicago Mercantile Exchange

Mr. Daniel Rappaport, Chairman, New York Mercantile Exchange

accompanied by: R. Patrick Thompson, President

Mr. James J. Bowe, President, Coffee, Sugar and Cocoa Exchange

Hearings to Review Reform of the Commodity Exchange Act

and provisions of

H.R. 467, the Commodity Exchange Act Amendments of 1997

Wednesday, April 16, 1997

9:00 a.m.

1300 Longworth House Office Building

Panel 1

Mr. William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange

representing: the New York Stock Exchange, National Association of Securities Dealers, American Stock Exchange, Philadelphia Stock Exchange, Pacific Exchange, Boston Stock Exchange, Chicago Stock Exchange, Cincinnati Stock Exchange and the Options Clearing Corporation

Panel 2

Mr. Robert K. Wilmouth, President, National Futures Association

accompanied by: Mr. Dan Roth, General Counsel

Mr. Mark Haedicke, General Counsel and Managing Director, Enron Capital and Trade Resources Corporation,

representing: the International Swaps and Derivatives Association

Mr. John J. Meehan, Managing Director, Deutsche Morgan Grenfell, Public Securities Association, The Bond Market Trade Association

Mr. John J. Finigan, Jr., Chairman, Foreign Exchange Committee

Mr. Ed Rosen, Partner, Cleary, Gottleib, Steen and Hamilton

representing Goldman Sachs & Company, Salomon Inc., Chase Manhattan Bank, Bankers Trust, Merrill Lynch & Company, Inc., Credit Suisse First Boston, Morgan Stanley & Company, Inc., and Citibank

Hearings to Review Reform of the Commodity Exchange Act

and provisions of

H.R. 467, the Commodity Exchange Act Amendments of 1997

Thursday, April 17, 1997

9:00 a.m.

1300 Longworth House Office Building

Panel 1

Mr. John G. Gaine, Director, Government Relations, Managed Futures Association

Mr. John M. Damgard, President, Futures Industry Association

Mr. William P. Miller, Chairman, End Users of Derivatives Association

Panel 2

Mr. Bryce P. Neidig, President, Nebraska Farm Bureau Federation

on behalf of the American Farm Bureau Federation

Mr. Ryland Utlaut, Vice President of the National Corn Growers Association

Mr. Robert R. Petersen, President, National Grain Trade Council

Mr. Kendell Keith, President, National Grain and Feed Association