Hi,
the following code makes first footnote disappear.
\starttext
\placetable{My table}{\bTABLE
\bTR \bTD {\bf Something} \eTD \bTD \startitemize[1, packed]
\item First
\item Second\footnote{test1} hello
\item Third\footnote{test2} hello
\stopitemize \eTD \eTR
\eTABLEbody
\eTABLE}
\stoptext
Vedran Miletić