Do you agree with Ken's analysis on the Gramm language?

----- Forwarded by Chris Long/Corp/Enron on 12/11/2000 02:06 PM -----

	Chris Long
	12/11/2000 11:01 AM
		 
		 To: Linda Robertson/NA/Enron@ENRON
		 cc: Tom Briggs/NA/Enron@Enron
		 Subject: Re: Gramm Legal Certainty Language

I spoke to Ken.  He has reviewed the languge.  The only problem he sees 
theoritically is that the banking swaps will be given greater legal 
certainty. However, pushing for this treatment for the energy/metals 
provsions will likely not be helpful at this juncture.   
----- Forwarded by Chris Long/Corp/Enron on 12/11/2000 10:53 AM -----

	RAISLERK@sullcrom.com
	12/11/2000 10:04 AM
		 
		 To: Chris.Long@enron.com
		 cc: 
		 Subject: Re: Gramm Legal Certainty Language


Yes.  I don't think there is an issue.  I will call you shortly.

>>> <Chris.Long@enron.com> 12/11 9:49 AM >>>
Ken - Did you get a chance to review the Gramm language and follow up on
the "rumor" that it would imperil the energy/metals exemption?

----- Forwarded by Chris Long/Corp/Enron on 12/11/2000 09:49 AM -----
                                                                              
                                                     Stacy 
Carey                                                                         
                               <SCAREY@ISDA.        To:     US REGULATORY 
COMMITTEE <USREGCOMM@isda.org>                                          
ORG>                 
cc:                                                                           
                                 Subject:     Gramm Legal Certainty 
Language                                                   
12/08/2000                                                                    
                                     09:23 AM







Attached is the proposed language reflecting the compromise reached between
Senator Gramm and the Chicago Futures Exchanges.

 <<Gramm Legal Certainty Proposal 12-6.doc>>

Stacy Carey
Director North American Regulatory Policy
International Swaps and Derivatives Association
(202) 457-6545 ph
(703) 256-1833 fax
(917) 543-9622 cell
scarey@isda.org



(See attached file: Gramm Legal Certainty Proposal 12-6.doc)



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