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OCC's Investors Services Center to Provide Educational Support for Security Futures

CHICAGO, November 7, 2002 - The Options Clearing Corporation (OCC) announced today that its Investor Services Center will be available to answer investors' and brokers' questions about security futures through its call center at 1-888-OPTIONS (678-4667) or by e-mail at options@theocc.com, and its Web site at www.optionsclearing.com.

The call center, which provides investors with education and information about products that are cleared by OCC, is staffed with former traders and industry professionals in a trading room environment. They do not solicit securities transactions or provide investment advice. The call center is open Monday through Friday from 8:00 a.m. to 5:00 p.m. CT.

OCC's Web site hosts information about security futures for exchanges, clearing members and the investing public. Security futures educational information comparing futures to options, as well as OCC's operational overview, relevant information memos and security futures record layouts can be found at www.optionsclearing.com in the "Industry Initiatives" section.

"We're excited to offer our Call Center and Web site as industry resources for security futures education and information," said Carolyn Mitchell, OCC First Vice President, Investor and Internet Services. "Investors and brokers who contact the call center will have an opportunity to learn about this new product with one-on-one attention."

OCC is the central clearinghouse for U.S. traded security futures, and it currently has clearing agreements in place with Nasdaq Liffe Markets, OneChicago and The Island Futures Exchange.

About OCC

OCC, founded in 1973, is the largest clearing organization in the world for options and was the first clearing house to receive a 'AAA' credit rating from Standard & Poor's Corporation. OCC's year-to-date average daily volume is 3.14 million contracts and average daily premium settlements are $1.1 billion. Year to date total collateral value at OCC is approximately $40 billion. Operating under the jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission, OCC is jointly owned by the American Stock Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange and Philadelphia Stock Exchange. More information about OCC is available through its Web site at www.optionsclearing.com.