THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*
*Reporting positions as of August 12, 1997.
*Released from Commodity Futures Trading Commission on August 15, 1997.

Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions

		Reportable Positions
Exchange & Commodity		Non Comm. Long or Short Only		Non Comm. Long or Short (Spreading)		Comm.** Long or Short Only		Total Reportable Positions		Non Reportable Positions***
	Reporting Level	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long
T-Bonds (CBOT)	500 contracts	11.3	60.6	6.42	50	64.3	46.1	82	48.4	18	57.2
Last Reporting Period		11.8	69.1	4.7	50	65.1	44.4	81.6	48.3	18.4	57.5
T-Bonds (MACE)	500 contracts	34.8	52.8	0	50	2.07	100	36.9	55.4	63.1	46.8
Last Reporting Period		41.9	46.3	0	50	3.45	50.8	45.3	46.6	54.7	52.8
90-Day T-Bills (IMM)	150 contracts	10.6	28.3	5.17	50	52.7	41.7	68.5	40.2	31.5	71.3
Last Reporting Period		16.4	17	0	50	48.9	42.6	65.3	36.2	34.7	76
6.5-10Yr. T-Notes (CBOT)	500 contracts	8.71	57.5	4.18	50	70.7	50.6	83.6	51.2	16.4	43.7
Last Reporting Period		9.11	63.3	2.07	50	72.5	49.7	83.6	51.2	16.4	43.8
5-Yr. T-Notes (CBOT)	300 contracts	11.3	47.6	3.95	50	72	52.6	87.3	51.9	12.7	37.2
Last Reporting Period		15.6	71.6	1.8	50	69.6	46.2	87	50.8	13	44.4
2-Yr. T-Notes (CBOT)	200 contracts	10.4	33.4	0.61	50	78.1	54.7	89.1	52.1	10.9	32.4
Last Reporting Period		5.81	68.5	0.83	50	77.6	51.8	84.3	53	15.7	34.1
Eurodollars (IMM)	850 contracts	4.33	59.6	5.55	50	64.3	52.6	74.2	52.8	25.8	42
Last Reporting Period		5.35	59.9	5.43	50	62.8	51.8	73.6	52.2	26.4	43.8
1-Mo.LiborRate(IMM)	100 contracts	4.94	46.1	2.24	50	83.1	48.8	90.3	48.7	9.7	61.9
Last Reporting Period		4.93	28.6	0.61	50	81.7	49	87.2	47.9	12.8	64.5
Municipal Bonds (CBOT)	25 contracts	5.1	69.8	1.65	50	84.9	49.4	91.6	50.5	8.39	44.5
Last Reporting Period		6.1	69.5	1.54	50	83.5	47.6	91.1	49.1	8.9	58.9
30-Day Fed Funds (CBOT)	100 contracts	7.2	48.2	6.65	50	71.7	51.4	85.6	51	14.4	44
Last Reporting Period		4.96	14.7	4.21	50	80.8	53	89.9	50.8	10.1	43.1
Canadian Dollar (IMM)	200 contracts	15.7	25	2.21	50	47.8	48.1	65.7	42.7	34.3	64
Last Reporting Period		14.9	31.8	2.48	50	46.5	38.8	63.9	37.6	36.1	72
Swiss Franc (IMM)	200 contracts	19.5	11.2	2.25	50	48.5	79	70.3	59.3	29.7	28.1
Last Reporting Period		20.4	9.66	1.97	50	47.1	83.8	69.5	61.1	30.5	24.8
Deutschemark (IMM)	200 contracts	25.5	6.11	1.59	50	52.2	77.3	79.3	53.8	20.7	35.4
Last Reporting Period		28.2	3.96	0.91	50	51.8	82.6	80.9	54.8	19.1	29.8
Pound Sterling (IMM)	200 contracts	15.6	12.1	0	50	60	68	75.6	56.5	24.4	29.9
Last Reporting Period		16.2	47.4	0	50	50	50.9	66.2	50.1	33.8	49.8
Japanese Yen (IMM)	200 contracts	20	8.46	2.46	50	55.1	68.4	77.5	52.4	22.5	41.7
Last Reporting Period		20.5	16.1	1.39	50	52.9	70	74.8	54.8	25.2	35.7
Australian Dollar (IMM)	200 contracts	18.2	4.15	0.03	50	55	72.4	73.2	55.4	26.8	35.2
Last Reporting Period		21.4	3.48	0.03	50	51	78.5	72.4	56.3	27.6	33.4
Mexican Peso (IMM)	200 contracts	7.91	73.5	0.49	50	68.3	44.7	76.8	47.7	23.2	57.6
Last Reporting Period		9.83	52.9	0.55	50	67.3	48.4	77.7	49	22.3	53.5
30-Day Fed Funds (IMM)	100 contracts	6.76	0	0	50	87.3	55.1	94.1	51.2	5.91	31.4
Last Reporting Period		6.76	0	0	50	87.3	55.1	94.1	51.2	5.91	31.4
S&P 400 (IMM)	25 contracts	4.17	39.3	0	50	90.8	50.6	95	50.1	5.02	48.5
Last Reporting Period		4.48	40.5	0	50	91.5	50.1	96	49.7	4.02	57.7
S&P 500 (IMM)	300 contracts	6.27	37.7	0.14	50	68.8	50.2	75.2	49.1	24.8	52.6
Last Reporting Period		15.5	70.5	0.04	50	10.1	0	25.6	42.7	74.4	52.5
Value Line Avg. (KCBT)	50 contracts	––	––	––	50	––	––	––	––	––	––
Last Reporting Period		––	––	––	50	––	––	––	––	––	––
Mini Value Line Avg. (KCBT)	50 contracts	6.84	53.1	2.57	50	61.1	51.6	70.5	51.7	29.5	46
Last Reporting Period		6.81	58.7	0	50	65.3	47.2	72.1	48.3	27.9	54.4
GSCI (IMM)	25 contracts	3.47	42	0.17	50	94.4	49.8	98	49.5	2	75.6
Last Reporting Period		4.29	34.8	0	50	94.2	50.3	98.5	49.6	1.47	76.7
Nikkei Stock Avg. (IMM)	50 contracts	24	53.8	0	50	57.6	44.8	81.6	47.4	18.4	61.3
Last Reporting Period		18.1	59	0	50	64.5	42.9	82.5	46.4	17.5	67
Russel 2000 Index (CME)	25 contracts	4.81	36	0	50	85	46	89.8	45.4	10.2	89.9
Last Reporting Period		4.21	23.7	0	50	85.5	46.8	89.7	45.7	10.3	87.8
Yen/DM XRate (NYCE)	25 contracts	39.1	20.9	0	50	55.9	71.2	95	50.5	4.96	39.7
Last Reporting Period		39.9	18.2	0	50	54.7	75.2	94.6	51.2	5.41	29.6
French Franc/DM XRate (NYCE)	25 contracts	29.4	14.7	0	50	64.2	67.9	93.7	51.2	6.33	32.5
Last Reporting Period		25.1	24.7	0	50	65.8	63.4	90.9	52.7	9.14	23.2
Lira/DM XRate (NYCE)	25 contracts	50.2	16.6	0	50	45.6	89.5	95.8	51.3	4.22	20.7
Last Reporting Period		49.7	16.5	0	50	45.9	89.5	95.6	51.5	4.37	16.3
DM/B Pound XRate (NYCE)	25 contracts	30.5	86.3	0	50	46.4	24	76.9	48.7	23.1	54.3
Last Reporting Period		34.3	82.6	0	50	53.4	23.9	87.8	46.9	12.2	72.6
Eurotop 100 (CMX)	25 contracts	10.9	100	0	50	71.8	34.4	82.7	43.1	17.3	83.2
Last Reporting Period		10.4	100	0	50	72.4	35.4	82.8	43.5	17.2	81.3
US$ Index (New) (NYCE)	50 contracts	63.5	42.1	10.1	50	4.22	0	77.8	40.8	22.2	82.1
Last Reporting Period		74.3	48.7	6.04	50	6.95	0	87.3	44.9	12.7	84.9
NYSE Compos. (NYFE)	50 contracts	21.8	73.6	0.04	50	14.9	33.4	36.7	57.3	63.3	45.8
Last Reporting Period		15.9	25.1	1.73	50	75.3	53.6	92.9	48.7	7.06	67.3
CRB Futures Index (NYFE)	25 contracts	12.4	17.8	59.5	50	0	––	71.9	44.4	28.1	64.2

Consensus National Futures and Financial On Line Index
Food & Fiber Index

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