M E M O R A N D U M

TO: File No. S7-10-04
FROM: Mary S. Head
RE: Meeting with Citadel
DATE: January 7, 2005
On January 6, 2005, Commissioner Glassman and her counsel, Mary S. Head, met with Matt Andresen of Citadel to discuss reproposed Regulation NMS. Adam Cooper, Esq., of Citadel and Billy Cooper, Esq., of Patton Boggs LLP participated in the meeting by phone.