The Chicago Board Options Exchange offers many powerful educational tools to boost your options education, so that you can use options wisely. The following resources are available to you online by visiting our website:

ADVISOR eNEWS: Keeping in the tradition of excellence in options education and information, CBOE has created a monthly, electronic newsletter only for the financial professional. Advisor eNews will update you on new products and technology at CBOE, review trading strategies and give you special discounts toward our educational programs. Register for this email newsletter by visiting http://www.cboe.com/learncenter/signup/advisor_reg.aspx.

CBOE eNEWS: With this weekly, online newsletter, you will receive news from CBOE, a weekly market wrap-up, options facts and strategies and commentary from the Options Institute. To register, please visit http://www.cboe.com/enews.

THE OPTIONS TOOLBOX: The Options Toolbox is CBOE's interactive educational program designed to enhance investors' knowledge of exchange-traded equity options, index options and LEAPS. This comprehensive tutorial contains educational sessions and tools, including an options calculator, to help investors test their ideas. Download a copy of the Options Toolbox at http://www.cboe.com/LearnCenter/Software.aspx.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document are available from your broker or The Options Clearing Corporation, 400 S. LaSalle Street, Chicago, IL 60605, or by calling 1-800-OPTIONS. The articles contained in this Special Report are intended for broker use only and not public distribution. The strategies discussed are for educational and illustrative purposes only and should not be construed as a recommendation to buy or sell any option contract or other security. Commissions, taxes, and transaction costs are not included in any of the calculations included in the discussions. Investors should consult a tax advisor as to how taxes may affect the outcome of contemplated options transactions. CBOE and Chicago Board Options Exchange are registered trademarks of the Chicago Board Options Exchange, Incorporated. 2005 Chicago Board Options Exchange, Incorporated, All Rights Reserved.