Eric,
I am afraid I have not made that much progress on my assignment.  I talked to 
ML Ruffer about the $1.2M basis swap.  She does not specifically know about 
the deal, but does know she gave between $1M and $2M to the West desk out of 
a reserve behind the scenes.  I don't know for sure, but this has to be how 
the $ got in the West P&L.  It is booked on 11/12/99 which is between 
EC3952.P (the annuity getting the unamortized $27M into the West desk) and 
EC3952.S (the annuity getting the $5M from Corp into the West desk).  I 
hadn't paid attention until just now, but Suzette Emmons booked the deal.  
She ran the transport book at that time.  

The physical buys from Canada (EC2208.11, EC3952.15, and EC3952.11) are 
booked correctly in Sitara.  EC3952.11 was changed by Kathy Reeves from 
ending in '08 to ending in '01 on 4/4/00.  However, the end date remains '08 
in Sitara.  I don't know why the term was changed.

I have meetings almost all day.  I will still try and investigate, but I know 
you were looking for some answers today.  You may want to try and get in 
touch with Suzette and see if she remembers the basis swaps.

DG    3-9573
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