Dear Client,

We are writing to inform you that CMC will no longer quote the following US stocks as of August 9, 2004 :


ABGX Abgenix Inc (US)
ADRX Andrx Group (US)
BGEN Biogen Inc (US)
BRCD

Brocase Communications systems Inc (US)

CHTR Charter Communications Inc (US)
CIEN Ciena Corp (US)
CNXT Conexant System Inc (US)
ERICY Ericsson (LM) (US)
EK Eastman Kodak Co. (US)
FBF Fleet Boston Financial Corp (US)
FCX Freeport-McMoran Copper (US)
HGSI Human Genome Sciences Inc (US)
ICOS Icos Corporation (US)
MIRKQ Mirant Corp (US)
MNST Monster Worldwide Inc (US)
N Inco Ltd (US)
RFMD RF Micro Devices Inc (US)
SAPE Sapient Corporation (US)
SEPR Sepracor Inc (US)
SWY Safeway Inc (US)
TAP Travellers Property (US)

Effective Monday 26 July, you will only be able to reduce the position you hold in these stocks. All clients with existing positions may voluntarily close any open positions on the telephone (+44 (0)20 7170 8203), as the instrument will be suspended on Marketmaker®.

At close of business on Monday 9 August, all existing positions will be closed at the market closing price.

Please direct any enquiries to cfddesk@cmcplc.com, or alternatively contact +44 (0)20 7170 8203.

Best regards,

CMC Group


CMC Group Plc is authorised and regulated by the Financial Services Authority.
Past performance is no guarantee of future performance.