Description of Index: The Major Market Index LEAPS,-, is a price-weighted index valued at 1 /1 Of the Amex Major Market Index (XMI). XLT options have expirations of up to three years and trade independently of and in addition to XMI options.

Expiration Months: XLT options expire in December, 1 994, LTA options expire in December, 1 995, and LTB options expire in December, 1 996.

Exercise Style: European.

Position Limits: For the purposes ofcalculating these limits, XLT positions are cig qre gated with XMI positions. For aggregation purposes, one XMI contract equals ten XLT contracts. Current limits are 340,000 XLT (34,000 XMI) contrcicts on the some side of the market, provided that no more than 200,000 XLT (20,000 XMI) contracts are expiring in the nearest expiration month. A customer hedge exei-nption is available, subject to pi lor Amex approval.

Trading System: Specialist/Registered Option Trader,