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To: Tom Trader who wrote (39681)	4/15/1998 12:21:00 AM
From: Michael Rich	Read Replies (1) \| Respond to of 58727

Hello TT, glad you are back. Miss those days when you make 20-30 posts a day :) Are you still trading bond futures? Talk to you soon.

To: Tom Trader who wrote (39681)	4/15/1998 12:40:00 AM
From: Tom Trader	Read Replies (4) \| Respond to of 58727

A tax question for anyone in the know In early January 98, I received a not insignificant check from my 401K for excess contributions relating to an earlier year. Long story but it was not my fault and there is no penalty payable. The check was dated in late December and it was mailed on December 30. It was reported by the payor as income for 1997 through a 1099, though I received it in 1998. My question is whether I am required to report this as income in 1997 even though it was received in 1998. If there is anyone who is qualified to advise me regarding this, I'd welcome the assistance. I have sought the advice of two tax professionals and have received contradictory advice.

To: Tom Trader who wrote (39681)	4/15/1998 10:39:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Speaking of futures, I imagine you know this but just in case, (It's copied from an e-mail, hence the odd paragraph breaks.) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ All S&P traders should be aware that on Wednesday, April 15, the CME will put into effect new levels for circuit breakers/trading halts for the S&P 500 and other equity indices. They have posted the announcement on their web site at cme.com Briefly, the new levels are as follows for the S&P 500 lead month futures contract: 25.00 up or down limit to replace 15.00 on the Globex 25.00 "speed bump" to replace current 15.00 during regular trading hours 50.00 "speed bump" to replace current 30.00 during regular trading hours 100.00: trading halt coordinated with NYSE if before 1:30pm Cental; becomes a speed bump if after 1:30pm 200.00: trading halt coordinated with NYSE; Merc's maximum daily price limit The CME wanted to implement the new circuit breakers/halts on April 1 along with the NYSE . However, they needed to wait for approval, which they received last week; hence the April 15 start.