Educational outreach.

The CME, the University of Illinois at Chicago (U1C) and Renmin University of China (RUC) will cosponsor a new Masters of Business Administration degree program with a focus on financial risk management and investments for Chinese students. Participants in the 18-month graduate program will

"This has been so well-received," says CME Cbairman Emeritus and Senior Policy Advisor Leo Melamed.

The CME will donate a collection of books on financial markets to Renmin University, which will form the core of a special research section on futures, risk management and financial derivatives at the RUC Library.

"The students get the benefits of all the books in the United States that concern themselves with this market and they're going to get them for free, and we're assured they will be used in the classroom," says Melamed, who while in Belling in September also received an honorary professorship at Renmin from the University president.

The CME will sponsor three full tuition scholarships to participants in the program to cover the costs for the UIC part of the program, which is scheduled to begin in 2004.