TO:	ALL CLEARING MEMBERS
FROM:	CLIENT SERVICES AND SUPPORT
DATE:	January 3, 2003
SUBJECT:	Hanley Group (520)

Effective with the start of business on Monday, January 6, 2003, the following division will cease clearing as a division of Refco (255):

Hanley Group (520)

Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:

John Compall		john.compall@clearingcorp.com
Shawn Gebbia	786-5748	shawn.gebbia@clearingcorp.com
Marc MacQuarrie	786-5732	marc.macquarrie@clearingcorp.com
Ross McDonald	786-3804	ross.mcdonald@clearingcorp.com
Molly McMahon	786-5731	molly.mcmahon@clearingcorp.com
Mark Steffen	786-5761	mark.steffen@clearingcorp.com
Jill Turner	786-5718	jill.turner@clearingcorp.com
Thomas Andrews	Director	thomas.andrews@clearingcorp.com
Client Services and Support E-Mail Address		css@clearingcorp.com
Clearing Corporation Web Site		http://www.botcc.com