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Notice To Members 95-90

SUGGESTED ROUTING

Internal Audit
Legal & Compliance
Municipal
Operations
Syndicate
Systems
Trading

The Nasdaq Stock Market™ and the securities exchanges will be closed on Thursday, November 23, in observance of Thanksgiving Day. "Regular way" transactions made on the business days rioted below will be subject to the following schedule:

Notice To Members 95-91

SUGGESTED ROUTING

Senior Management
Institutional
Legal & Compliance
Operations
Options
Systems
Trading

Effective November 13, 1995, tier sizes for 900 Nasdaq National Market® securities will be revised in accordance with paragraph 245 Ia7 of the Rules of Practice and Procedure for the Small Order Execution System (SOESSM).