March 18, 2005

Reminder to use NFA's electronic system for filing pool financial statements

National Futures Association encourages you to use EasyFile to electronically file your annual pool financial statements (PFS). As the filing deadline approaches for the December 31, 2004 statements, Commodity Pool Operators (CPOs) still needing to file their PFS can access EasyFile via NFA's website, www.nfa.futures.org.

Participation in this program is voluntary, but we are confident that you will find EasyFile to be a more efficient and cost-effective way for you to meet your financial reporting requirements. Using EasyFile means that you will only have to submit your PFS electronically to NFA. You will not need to file a hard copy of the statement with NFA or the CFTC.

EasyFile for CPOs involves a 3-step process:

1. Uploading a PDF of the identical PFS provided to the pool's limited partners, including the various financial statements, footnotes, Schedule of Investments and the Independent Auditors Opinion, if applicable;
2. Entering key financial balances into a standardized schedule; and
3. Validating the submission to process some basic edit checks by the system and prompt the submitter to read and agree to an electronic oath or affirmation.

We hope that you will find the EasyFile system beneficial and easy to use. We would welcome any comments or feedback you have about the system.

If you have any questions regarding EasyFile, please contact NFA at (800) 621-3570.