Futures Market Contest
Final Results
Spring 1995

		           April 19, 1995
	                    (Ten weeks)

This experimental contest began on February  8, 1995.   All contestants
started with $20,000. A round-trip commission of $40 is charged on each 
contract upon entrance of position. Contestants are limited to only one 
or two types of contracts at a time. A contestant may commit no more than 
50% of the account's equity to margin at a time. More than one contract 
of each type is allowed at a time, but all contracts of the same
type must be for the same expiration date (unless there are no other types
in the portfolio). Maintenance margin is the same as the initial margin.
Stops are not allowed. The contest runs for ten weeks.

A negative portfolio value indicates a contestant who has been wiped out. 
In real practice, such an investor would have to come up with the 
additional funds beyond the initial $20,000. In this contest a contestant 
who wipes out can no longer trade.


		          Value of portfolio during game     %Change Standing
		        -----------------------------------     in   ---------
Contestant		Highest	     Lowest	 Last	     contest now last
-----------------------	----------   ---------	 ----------  ------- --- ----
Weatherstone  Hank	178,680.00   18,837.50	 178,680.00  793.400   1   1
Chan	      Sok Cheng	177,557.50   19,420.00	 177,557.50  787.788   2   3
Janke	      Jim	171,180.00    8,875.00	 171,180.00  755.900   3   2
Hummel	      John	126,730.00   16,020.00	 126,730.00  533.650   4   4
Pines  	      Aaron	 50,976.25   10,181.25	  50,976.25  154.881   5   7
Schumacher    Bill	 56,657.50   19,720.00	  42,895.00  114.475   6   6
Kessler	      Anita	 41,175.00   19,560.00	  41,175.00  105.875   7   5
Pines	      Rhonda	 28,272.50   17,832.50	  25,167.50   25.838   8   8
Nash	      Dan	 22,840.00   15,600.00	  15,760.00  -21.200   9   9
Cole	      Zachary	 67,050.00    4,195.00	   8,595.00  -57.025  10  10

			             Average:     83,871.63  319.358
				     Std. dev.:   67,499.18  337.496

Current
Portfolios:	 Short	          Long	     Short	Long
--------------	-------	       -----------  -------    ----------

Chan				 8 yen
Cole				 4 Euros
Hummel				10 yen
Janke				 5 yen			10 Euros
Kessler				15 T-bills
Nash		4 gold
Pines, Aaron			 3 yen			2 marks
Pines, Rhonda			 3 pounds		2 T-bonds
Schumacher			 1 mark			2 yen
Weatherstone			 5 yen