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Trader Information - Floor Operations Notice

Relocation of ETFs

Effective at the opening of business on Monday, February 11, 2008, the following ETFs will be relocated:

From Post # 6   To Post # 9
Specialist Unit: BHH   Specialist Unit: KCG
Specialist Unit #: 770   Specialist Unit #: 959
Clearing Agent: KV EXECUTION (407)   Clearing Agent: GSE (399)
SYMBOLNAME OF SECURITY
OIHOIL SERVICE HOLDRS
PPHPHARMACEUTICAL HOLDRS
RYERYDEX S & P EQUAL WEIGHT ENERGY ETF
RYFRYDEX S & P EQUAL WEIGHT FINANCIAL ETF
DGTSPDR D.J. GLOBAL TITANS ETF
DSGSPDR D.J. WILSHIRE SMALL CAP GROWTH ETF
DSVSPDR D.J. WILSHIRE SMALL CAP VALUE ETF
KBEKBW BANK ETF
MTKMORGAN STANLEY TECHNOLOGY ETF
RWRD.J. WILSHIRE REIT ETF
SDYSPDR S & P DIVIDEND ETF
TMWSPDR D.J. WILSHIRE TOTAL MARKET ETF
XBISPDR S & P BIOTECH ETF
XHBSPDR HOMEBUILDERS ETF
XSDSPDR S & P SEMICONDUCTOR ETF
VTVVANGUARD VALUE ETF
VUGVANGUARD GROWTH ETF
VVVANGUARD LARGE-CAP ETF

From Post # 6   To Post # 9
Specialist Unit: BHH   Specialist Unit: KCG
Specialist Unit #: 770   Specialist Unit #: 960
Clearing Agent: KV EXECUTION (407)   Clearing Agent: PRO (551)
SYMBOLNAME OF SECURITY
DCRMACROSHARES OIL DOWN TRADEABLE SHARES
UCRMACROSHARES OIL UP TRADEABLE SHARES
MKHMARKET 2000 + HOLDRS
SDSULTRASHORT S & P 500 PROSHARES]
SSOULTRA S & P 500 PROSHARES
USOUNITED STATES OIL FUND, LP

From Post # 6   To Post # 18
Specialist Unit: BHH   Specialist Unit: GSE
Specialist Unit #: 770   Specialist Unit #: 912
Clearing Agent: KV EXECUTION (407)   Clearing Agent: GSE (501)
SYMBOLNAME OF SECURITY
RSPRYDEX S & P EQUAL WEIGHT ETF
XLBSELECT SECTOR SPDR-MATERIALS
XLPSELECT SECTOR SPDR-CONSUMER STAPLES

From Post # 6   To Post # 19
Specialist Unit: BHH   Specialist Unit: GSE
Specialist Unit #: 770   Specialist Unit #: 912
Clearing Agent: KV EXECUTION (407)   Clearing Agent: GSE (501)
SYMBOLNAME OF SECURITY
QIDULTRASHORT QQQ PROSHARES
QLDULTRA QQQ PROSHARES

From Post # 6   To Post # 16
Specialist Unit: BHH   Specialist Unit: GSE
Specialist Unit #: 770   Specialist Unit #: 912
Clearing Agent: KV EXECUTION (407)   Clearing Agent: GSE (501)
SYMBOLNAME OF SECURITY
DOGSHORT DOW30 PROSHARES
MYYSHORT MIDCAP400 PROSHARES
SDKULTRASHORT RUSSELL MIDCAP GROWTH PROSHARES
SFKULTRASHORT RUSSELL1000 GROWTH PROSHARES
SJFULTRASHORT RUSSELL1000 VALUE PROSHARES
SJHULTRASHORT RUSSELL2000 VALUE PROSHARES
SJLULTRASHORT RUSSELL MIDCAP VALUE PROSHARES
SKKULTRASHORT RUSSELL2000 GROWTH PROSHARES
UKFULTRA RUSSELL1000 GROWTH PROSHARES
UKKULTRA RUSSELL2000 GROWTH PROSHARES
UKWULTRA RUSSELL MIDCAP GROWTH PROSHARES
UVGULTRA RUSSELL1000 VALUE PROSHARES
UVTULTRA RUSSELL2000 VALUE PROSHARES
UVUULTRA RUSSELL MIDCAP VALUE PROSHARES
RTMRYDEX S & P EQUAL WEIGHT MATERIALS ETF
RYHRYDEX S & P EQUAL WEIGHT HEALTH CARE ETF
RYURYDEX S & P EQUAL WEIGHT UTILITIES ETF
RZGRYDEX S & P SMALLCAP 600 PURE GROWTH ETF
RZVRYDEX S & P SMALLCAP 600 PURE VALUE ETF
ELGSPDR D.J. WILSHIRE LARGE CAP GROWTH ETF
ELRSPDR D.J. WILSHIRE LARGE CAP ETF
ELVSPDR D.J. WILSHIRE LARGE CAP VALUE ETF

Questions regarding this notice may be addressed to the Trading Desk at 212-306-1070.