Notice to Members 03-78

2004 Trade Date Settlement Date Schedule

Note: The Regulation T date for "regular way" transactions made on December 27, 2004, has been corrected to January 3, 2005 (from January 4, 2005).

The Nasdaq Stock Market® and the securities exchanges will be closed on Monday, January 19, 2004, in observance of Martin Luther King, Jr., Day. “Regular way” transactions made on the business days noted below will be subject to the following schedule.