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Gary,
I'm reading the exemption right here from the Commodity Futures Law Reports: 
  Section 2222c, 4.13, 2(ii) a & b.
Call CFTC for copy.  They faxed it to me.  Once again, this is two years 
old.  I think this is the number 202-418-5468.
Howard
>From: "Gary Fritz" <fritz@xxxxxxxx>
>Reply-To: fritz@xxxxxxxx
>To: hehohop@xxxxxxxxxxx
>Subject: Re: [realtraders] GEN: Creating a Hedge Fund {02}
>Date: Tue, 30 Nov 1999 12:03:55 -0700
>
> > I have a non-registered commodity pool.  To qualify you need under
> > $200,000 original capital (yours and immediate family excluded)
> > and 15 or less participants.
>
>I've never heard of the exclusion from the $200k limit for self and
>family, and I've dug through the NFA regs a little.  Are you sure?
>
>Gary
>
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