1. Recommendation of Texas Test Plan Team to RMS July 17, 2003

2. TTPT Adopted Four Test Flights for 2004  V1.6-0104 (Testing New Market Participants in TX SET Version 1.6) Connectivity to start Dec 8, 2003 (to avoid Christmas/New Years) Jan 12, 2004 - Feb 20, 2004 (6 weeks for scripts)  V1.6-0304 (Testing New Market Participants in TX SET Version 1.6) Connectivity to start Feb 23 March 15, 2004 - Apr. 23, 2004 (6 weeks for scripts)  V2.0-0504 (Full Market Test of TX SET Version 2.0 Connectivity to start April 26 May 17, 2004 - July 23, 2004 (10 weeks for scripts) Version 2.0 Production Implementation Date(RMS Approved) August 1, 2004  V2.0-0904 (Testing New Market Participants in TX SET Version 2.0) Connectivity to start Aug. 23 Sept 13, 2004 - Nov. 19, 2004 (10 weeks for scripts)

3. Proposed Resolution for Test Flights for 2004 RMS approves the initial Market Testing timelines for Flights V1.6-0104, V1.6-0304, V2.0-0504 and V2.0-0904 as adopted by the TTPT. RMS further directs that any material changes to these timelines or changes in scope of the test flights must be approved by RMS.

4. 2004 Market Test Time Line as proposed 7/17/03 Flight V1.6-0104 New CRs JanFebAprJunMayMarAugJulySeptOctNovDec Flight V1.6-0304 New CRs August 1, 2004 RMS Approved production roll out date for Version 2.0, including MIMO and Stacking transaction changes 2003 2004 1/12/04 Flight Kickoff 2/20/04 Flight Ends 6 Wk. Test Flight Notice 1/5/04 3/15/04 Flight Kickoff 4/23/04 Flight Ends Flight Notice 3/5/04 5/17/04 Flight Kickoff 10 Wk. Test Flight V2.0-0904 New CRs Flight Notice 7/5/04 9/13/04 Flight Kickoff 10 Wk. Test 7/23/04 Flight Ends 11/19/04 Flight Ends Flight V2.0-0504 All Market Participants