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Information Notice - 5/15/08

April 2008 Supplement to the Options Disclosure Document

Published Date:

On April 30, 2008, the SEC approved a supplement to the Options Disclosure Document (ODD). The ODD contains general disclosures on the characteristics and risks of trading standardized options. The recently approved supplement provides additional disclosures regarding certain binary options, also known as fixed-return options, and delayed start options. The supplement also amends the front cover page of the ODD to update the list of U.S. exchanges that trade options issued by The Options Clearing Corporation. As with other supplements to the ODD, this should be read in conjunction with the current ODD entitled Characteristics and Risks of Standardized Options.

Questions regarding this Noticemay be directed to Gary L. Goldsholle, Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8104; or Kathryn M.Moore, Assistant General Counsel, OGC, at (202) 974-2974.