EFTA Document EFTA01393153

MAY 2007 SUPPLEMENT The February 1994 edition of the booklet entitled Characteristics and Risks of Standardized Options (the "Booklet') is amended as follows to reflect certain changes in OCC's rules as well as the rules of certain options markets. The changes in Part I reflect modifications made to the definition of "ordinary cash dividend or distribution" (i.e., cash dividends and distributions for which no adjustment is made). The changes in Part II reflect changes made to eliminat