Notice to Members 01-12

Nasdaq Announces Additional Decimalization Pilot Phase for

March 26, 2001

In this NASD Notice to Members you will find information on Nasdaq® adding an additional pilot phase to its decimal conversion schedule. A summary of decimalization testing is included; please note mandated testing firms have until February 24, 2001 to satisfy the mandate. Also, a table of the industry-critical dates is provided.

Questions regarding this Notice may be directed to the National Association of Securities Dealers, Inc. (NASD®) Decimalization Program Management Office (DPMO) toll free at: (888) 227-1330 or via e-mail.