?
?	VentureWire
	Wednesday, May 30, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 699.6 ? -1.40%	?
?

		top stories

		  NotifyMe Networks Fails to Close Series D, Shuts Down
		  Software Firm MetaStorm Captures $20 Million in Round Two
		  Boxerjam Lays Off 37 to Stay Afloat, Searches for Buyers
		  Real Media's Co-Founder Leaving To Start New Online Company

		TODAY'S FEATURES
		Koch Ventures Investing Less But Expanding Presence
		By Matthew Sheahan
		Although the venture capital unit of Wichita, Kan.-based Koch Industries will
see a drop of between 10% and 15% in its investments this year, the unit is
expanding with new offices in the Southwest, including Dallas and southern
California. more>>
		UPCOMING EVENTS
		June 5-6: San Francisco
		Mobile Outlook 2001

		The world's second-largest ISP is now mobile. NTT DoCoMo boasts 24 million
i-mode subscribers, making it second only to AOL. The mobile Internet is the
future so come cut the wires at Mobile Outlook. Mobile Outlook is now less
than 1 week away but there is still time to take part in the analysis of the
future of this industry. Register Today!

		Now more relevant than ever. RED HERRING.

		Since its launch in 1993, RED HERRING has become the favored
		source of insider information for entrepreneurs, venture
		capitalists, investment bankers and senior executives
		redefining the new technology-driven world of business.

		From MEMs to biotech to the top 100 companies that still
		matter, RED HERRING gives you a unique perspective
		you won't find in conventional business publications.
		Get a FREE TRIAL ISSUE of RED HERRING
today!http://www.redherring.com/service/circ/subs_ZP.html

		new money

		  Voice and Data Co. Spotwave Wireless Has $1.9M Series A
		 Bernina Biosystems Raises $6.5M in Second Round
		 Telecom Software Firm Trendium Closes Round Two at $25M
		  Australian Seek Communications Closes $1.6M Round
		  Newtek Capital Puts $3.6M in Universal Processing Services
		  vSimplify Closes Series B at $2.75 Million
		  Core Networks Receives Follow-On Financing in Series B
		  Speech Recognition Software Firm InfoTalk Nabs $12M
		  Meetings and Events Firm StarCite Closes $10M Round Three
		  Communications Provider eKit Raises $6.2 Million Series C
		  Biotech Firm Encelle Gets $7 Million Series C
		  Pegasus VC Invests in Info Security Firm Core SDI
		  Software Firm Esterel Raises $10.5 Million Third Round

		bad news

		  Sports and Fitness Portal Asimba Winds Down Operations
		  StockHouse Slashes 68% of Staff, Closes Four Offices
		  Hookt.com Files For Chapter 11, Seeks Buyer

		new products

		  Software Vendor Exteriority Launches, Buys Assets of PaperX
		 cPower Launches To Assist Tech Firms with Product Marketing

		m&a

		  IT Factory Makes Eighth Acquisition with NotesHouse
		  Online Sales Tech Firm NetSales Seeks Buyer
		  Sonik Acquires Broadbank Assets of RadioConnect
		  Chordiant Software Acquires Assests of ASP Outfitter
		  focusCORE Accepts Acquisition Offer by Avrio Group

		new directors

		  NETdelivery Adds Ex-AT&T President to Board
		  Systems Design Firm Nallatech Names Pentair Exec As Chair

		new people

		  Converged Switching Firm Gluon Names President & CEO
		  Enterprise Security Firm Solsoft Names New Chairman and CEO
		 Corechange Names Charles F. Kane President
		  InfoImage Appoints Thomas Niccoli as COO, President
		  Knowledge Management Firm QED Solutions Names President

		vc fund news

		  Woodside Investing On An Upswing Despite Market Woes
		  Pakistani Firm KASB TechVentures to Close Down in June
		  Southern Capitol Partners with State-Funded Biotech Center

		vc personnel

		  Ex-Pequot Capital VP Joins Partech as Portfolio Manager

		 TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... M&A... NEW
DIRECTORS... NEW PEOPLE... VC FUND NEWS... VC PERSONNEL

		top

		Everyone's talking about collaboration-from collaborative
		e-commerce to collaborative manufacturing. Everyone's also
		trying to don the collaboration mantle as they vie for
		attention from customers and investors.

		Enterprise Outlook will cut through the hype. Learn about
		fundamental technologies and issues that must be ironed out
		before businesses can work together. See which applications
		truly merit being called "collaborative." Discover how the
		supply chain takes on new power when companies can talk
		machine-to-machine, application-to-application, and
		person-to-person.

		Register and reserve your place
today:http://www.enterpriseoutlook.com/register.asp

		 top stories
		?
		NotifyMe Networks Fails to Close Series D, Shuts Down
		 mail? top

		 SUNNYVALE, Calif. (VENTUREWIRE) -- NotifyMe Networks, which distributed
customizable interactive alerting services that enable real-time, two-way
communication across phones, pagers, and e-mail platforms, has shut down,
according to CEO Chuck Dietrick. Mr. Dietrick said that despite securing a
lead investor and raising half of the approximately $15 million Series D
financing, the company was unable to close the round and thus shut down. The
company employed a staff of 50. NotifyMe Networks now looks to sell off its
business assets through assignment company DSI. Ideally, said Mr. Dietrick,
the company will sell for "north of $5 million." Potential buyers include
large telecommunications and software companies. Prior to its efforts to
raise a Series D, NotifyMe Networks had raised $14.2 million from Attractor
Investment Management and individuals.
		http://www.notifyme.com

		Software Firm MetaStorm Captures $20 Million in Round Two
		 mail? top

		 SEVERNA PARK, Md. (VENTUREWIRE) -- MetaStorm, which develops software that
enables companies to integrate data and systems, announced the close of $20
million in second round financing. New investor UBS Capital Americas II led
the round, which also included new investor Ironside Ventures and 3i Group,
an existing investor. A company spokesperson declined to reveal post-money
valuation, but said it was "down moderately." Lawrence Handen, partner at UBS
Capital Americas, joins the board, which now has seven directors. Funds will
be used for sales, marketing, distribution, and customer support in North
American and international markets, expanding the company's presence in
Germany, Italy, South Africa, Australia, France, Spain, and Switzerland.
Metastorm, which employs about 150 people, expects to add another 20 to 25
employees by the end of the year. The company expects to see roughly $25
million in revenues for 2001.
		http://www.metastorm.com

		Boxerjam Lays Off 37 to Stay Afloat, Searches for Buyers
		 mail? top

		 CHARLOTTESVILLE, Va. (VENTUREWIRE) -- Boxerjam, a producer and distributor
of games and game shows for online, wireless, and broadcast networks is
looking for a buyer, according to CEO Alan Cunningham, who confirmed Tuesday
that 37 employees have been laid off and seven people remain at the company.
He said the company is currently engaged in discussions with prospective
buyers, adding that it was too early to say if anyone is interested. Mr.
Cunningham blamed the move on the present market environment, stating that
Boxerjam is still in business, but "operating on a low budget." All the
laid-off employees received a severance package consistent with market
standards, he said. Boxerjam, which has raised $15 million in funding to
date, is backed by New Enterprise Associates and Oak Investment Partners.
		http://www.boxerjam.com

		Real Media's Co-Founder Leaving To Start New Online Company
		mail? top

		 NEW YORK (VENTUREWIRE) -- Real Media, an online advertising firm, said David
Morgan, a co-founder and co-chairman of the company, will be leaving the
company on June 30 to start a new online company. Mr. Heinz Waegli, the CFO
of the PubliGroupe, will replace Mr. Morgan as co-chairman of the company.
The PubliGroupe holds a majority interest stake in Real Media. Mr. Morgan,
who said he was leaving to find another entrepreneurial challenge, also said
the new company would develop software tools to enable media companies to
capture and manage data about their audiences. For the moment Mr. Morgan said
he is financing the new venture by himself and has no plans for outside
funding. Real Media's other co-founders, CTO Gil Beyda and executive vice
president Charles Smith, will remain with the firm. Real Media said it
expects to reach profitability before the end of the year. The company has
raised more than $30 million from Advance Internet, Destination Group, and
PubliGroupe.
		http://www.realmedia.com

		 new money
		?
		Voice and Data Co. Spotwave Wireless Has $1.9M Series A
		mail? top

		 OTTAWA (VENTUREWIRE) -- Spotwave Wireless, a provider of voice and wireless
data services, said it raised CAD $3 million ($1.9 million) in Series A
financing, co-led by Venture Coaches and Primaxis Technology Ventures of
Toronto. The company plans to use the funding for product development.
Post-money, Spotwave has a valuation of $9.1 million. As a result of this
financing, Kerri Golden, a vice president of Primaxis Technology Ventures,
has been granted the sixth seat on the company's board of directors, which
also includes Claude Haw, managing partner of Venture Coaches; Conrad Lewis,
principal of Eagle One Ventures Corporation; and Luc Lussier, president and
CEO of Lumic Electuronics. A company spokesperson declined to reveal a burn
rate, but said Spotwave expected the funds to last through to the end of the
year. The company is currently raising a Series B round of $10 million to $15
million, to close before the year's end.
		http://www.spotwave.com

		Bernina Biosystems Raises $6.5M in Second Round
		mail? top

		 TUTZING, Germany  (VENTUREWIRE) -- Bernina Biosystems, which develops drug
delivery technology, said it raised DEM 15 million ($6.5 million) in
second-round funding led by new investor High Tech Beteiligungen, which
invested $3.5 million. Belgian Fonds Rendex, another new investor, invested
$1.3 million, and previous investors Earlybird and BioM invested $1.7
million. Bernina said the financing would be used to develop its
organ-specific drug delivery platform technology. The company also said it
has established partnerships with departments at the University of
Duesseldorf and the Regensburg University in Germany. Bernina said it is
targeting to reach profitability in 2003 or 2004.
		http://www.bernina-biosystems.com

		Telecom Software Firm Trendium Closes Round Two at $25M
		 mail? top

		 SUNRISE, Fla. (VENTUREWIRE) -- Trendium, a provider of high-end specialized
software for telecommunications firms, Internet service providers, and
broadband carriers, said it has closed its second round of funding at $25
million led by Mellon Ventures. Mellon was joined by other new investors
Vertex Management, Crossbow Ventures, GKM Venture Partners, as well as
individuals from the communications industry. Previous investors M/C Venture
Partners and Trinity Ventures also participated in the round. Trendium, which
raised $13.5 million in its first round of funding, said it will use the
latest funds to expand its sales and marketing in North America and Europe
and add new functions and features to its products, which are being tested
and deployed by several service providers.
		http://www.trendium.com

		Australian Seek Communications Closes $1.6M Round
		 mail? top

		 MELBOURNE, Australia (VENTUREWIRE) -- Seek Communications, an Internet job
site for Australia and New Zealand, said it raised AUD 3.1 million ($1.6
million) from return investors Yahoo!, AMWIN, Macquarie Technology Ventures,
AMCF, and new investor Acer Technology Partners Fund. No new board seats were
granted as a result of this funding. In July of 2000, the company received an
investment of $3.2 million from Yahoo!. Seek Communications' chairman Irvin
Rockman is also an investor in the company. Seek has raised $12.9 million to
date.
		http://www.seek.com.au

		Newtek Capital Puts $3.6M in Universal Processing Services
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Newtek Capital, a publicly traded firm which
invests in early-stage technology and Internet companies, said it invested
$3.6 million in first-round funding for Universal Processing Services, a
provider of electronic processing technology for retail commerce
transactions. Universal Processing Services plans to dedicate the new funds
to expansion of its marketing programs, corporate infrastructure, and team.
As a result of this financing, Newtek received a 60% ownership interest in
Universal Processing Services and was granted three seats on the company's
five-member board.
		http://www.newtekcapital.com

		vSimplify Closes Series B at $2.75 Million
		 mail? top

		 STAMFORD, Conn. (VENTUREWIRE) -- vSimplify, which hosts corporate intranets,
online benefit enrollment, and voluntary benefits for small to midsize
companies, said it closed its Series B at $2.75 million with funding from
strategic lead investor Skandia Innovation U.S., previous investor
Connecticut Innovations, and Lexam Capital. The company said it will use the
money for infrastructure development and sales and marketing. America
Skandia, a subsidiary of Sweden-based Skandia Insurance, will co-market
vSimplify's products. Connecticut Innovations will provide marketing and
business development for the company. vSimplify closed its Series A round in
June 2000, led by Connecticut Innovations, at $4.5 million with participation
from American Skandia and individual investors. Founded in 1999, the company
reports a $300,000 monthly burn rate. The company also announced the addition
of three board members: Anders O. Soderstrom, president of Skandia
Innovation, US; Peter Longo, managing director of Connecticut Innovations;
and David W. Mullins Jr., former vice chairman of the Federal Reserve Board
under Alan Greenspan, and assistant secretary of the treasury for domestic
affairs in the first Bush administration. Mr. Mullins previously sat on the
advisory board of vSimplify.
		http://www.vsimplify.com

		Core Networks Receives Follow-On Financing in Series B
		 mail? top

		 HALIFAX, Nova Scotia (VENTUREWIRE) -- Core Networks, which develops
activation and network management software applications for the high-speed
Internet-over-cable industry, said it received follow-on financing to its
Series B round, in which the company raised $10.5 million in March. The
amount of this investment was not disclosed. Return investor Royal Bank
Capital Partners and new investor Intel Capital provided the new financing,
which will be used for business development. The deal was based on the same
valuation as the March funding, which was provided by Royal Bank Capital
Partners Telecommunications Fund, ACF Equity Atlantic, and Skypoint Capital.
		http://www.corenetworks.com

		Speech Recognition Software Firm InfoTalk Nabs $12M
		 mail? top

		 HONG KONG (VENTUREWIRE) -- InfoTalk, which develops conversational speech
recognition technology, said it has closed $12 million in a round of
financing. New investor imGO led the round, with participation from other new
investors Accenture Technology Ventures and HSBC Private Equity Asia.
Existing investor Walden International also participated in the round. J.P.
Morgan acted as placement agent. Funds will be used for expansion. Prior to
this round, InfoTalk had received $4 million from Walden International and $1
million from Singaporean technology fund TDF Management.
		http://www.infotalk.com.hk

		Meetings and Events Firm StarCite Closes $10M Round Three
		 mail? top

		 PHILADELPHIA (VENTUREWIRE) -- StarCite, a provider of supply-chain
purchasing and management technology for the meetings and events industry,
said it raised $10 million in third round of financing led by new investor
American Express with participation from Breakaway Solutions, Maritz Travel,
Starwood Hotels & Resorts Worldwide, Strattech Partners, and VerticalNet.
Previous investors Internet Capital Group, McGettigan Partners, Mellon Bank,
and Networld also participated in this round. The company plans to dedicate
the new funds to working capital and expansion. A company spokesperson
declined to reveal the valuation, but indicated that this was a down round.
As a result of this financing, American Express and Starwood Hotels & Resorts
Worldwide have each been granted one seat on the company's seven-member
board, which includes Mike Forster of the Internet Capital Group and Davor
Gjivoje of Networld. Prior to this round, StarCite raised a first round of $6
million in October of 1999 from the Internet Capital Group and McGettigan
Partners. In June of 2000 the company closed $14 million in second-round
financing from the Internet Capital Group, Mellon Bank, and Networld.
		http://www.starcite.com

		Communications Provider eKit Raises $6.2 Million Series C
		 mail? top

		 MELBOURNE, Australia (VENTUREWIRE) -- eKit, a provider of unified messaging
technology services for travelers, said that it received AUD $12 million
($6.2 million) in Series C financing led by previous investor Allen &
Buckeridge, with unnamed existing investors participating. Intel Capital, a
new investor, also participated in this round. The company plans to use the
new funds for product development and international expansion in Europe,
North America, and Asia. As a result of this financing, Intel was granted a
non-voting observer seat on the company's four-member board, which includes
Frank Foster of Arllen & Buckeridge. According to co-CEO Bryan Rowe, this was
a down round, with a post-money valuation of approximately $13 million. With
a burn rate of "between $100,000 and $200,000" per month, Mr. Rowe
anticipates that the company will reach profitability by the fourth quarter
of this year and does not expect to raise additional capital in the near
future. Prior to this round the company raised approximately $7 million from
Allen & Buckeridge, AMP Investments, Escor, JGL Investments, and unnamed
individuals.
		http://www.ekit-inc.com

		Biotech Firm Encelle Gets $7 Million Series C
		 mail? top

		 RALEIGH, N.C. (VENTUREWIRE) -- Encelle, which develops an injectable
biopolymer that helps skin ulcers heal, announced that it has raised a Series
C round of $7 million co-led by previous investor InterSouth Partners and new
investor Koerner Capital. There has also been participation from previous
investors Child Health Investment, Cordova Ventures, the N.C. Enterprise
Fund, and North Carolina BioScience Fund/Eno River Capital. New investors
Hibernia Capital and Coastal Growth Partners also participated in this round,
which had its first close at $4 million in December of 1999. The company
plans to use the new funds for continued human clinical trials and staff
expansion. According to Encelle CEO James D. Woodward, this round was "just
slightly up," with a post-money valuation of $20 million. As a result of this
financing, John Koerner of Koerner Capital has joined as the seventh member
of the company's board of directors, which includes Dr. Teo Dagi of Cordova
Ventures and Dennis Dougherty of Intersouth Partners. Mr. Koerner will be
taking the seat of company co-founder John Sherwin Jr., who has resigned from
the board. Encelle is currently raising a Series D round of $8 million in a
combination of strategic and venture capital, to close this fall.
		http://www.encelle.com

		Pegasus VC Invests in Info Security Firm Core SDI
		 mail? top

		 BUENOS AIRES, Argentina (VENTUREWIRE) -- Pegasus Venture Capital, a Latin
American investment fund, said it led a $3 million round of financing for
Core SDI, a provider of security products and services for information
systems. Pegasus contributed $2.5 million, while individuals invested the
remaining $500,000. Core's flagship product, Core Security Solution, provides
services for security administration and management for large enterprises.
Customers include Ernst & Young, Amazon.com, Microsoft , Bank of Boston, and
PricewaterhouseCoopers.
		http://www.core-sdi.com

		Software Firm Esterel Raises $10.5 Million Third Round
		mail? top

		 GUYANCOURT, France (VENTUREWIRE) -- Esterel Technologies, which develops
software tools for verification and validation of embedded systems, said it
secured EUR 12.3 million ($10.5 million) in third-round funding from Advanced
Capital Europe, CDC Innovation Partners, Galileo Partners, and Intel Capital.
The company said the funding would be used for its expansion in North
America, the U.K., Germany, Scandinavia, and Asia. Esterel Technologies has
received funding from eNgenuity Technologies, which owns a 22.7% equity stake
in the firm, and from Financiere de Brienne, Inria Transfert, Innoven,
Innotech, Finno, and Thales Corporate Ventures.
		http://www.esterel-technologies.com

		 bad news
		?
		Sports and Fitness Portal Asimba Winds Down Operations
		 mail? top

		 REDWOOD CITY, Calif. (VENTUREWIRE) -- Asimba, a sports and fitness lifestyle
site, has ceased operations and is "actively" looking for a buyer, a
spokesman for the company said. Asimba did not say what led to the shut down,
but said it will continue to operate its Web site and service its existing
customers. However, the company will not "be taking on new businesses."
Asimba is backed by McCown De Leeuw & Co., I-Hatch Ventures, CMGI@Ventures,
Global Retail Partners, and Fayez Sarofim & Co.
		http://www.asimba.com

		StockHouse Slashes 68% of Staff, Closes Four Offices
		 mail? top

		 VANCOUVER, British Columbia (VENTUREWIRE) -- StockHouse Media, which
provides online financial content and development products and services, said
it cut 85 positions, or 68% of its staff, last Wednesday as the company
restructures in response to market conditions. StockHouse also said it closed
its offices in Australia, Hong Kong, Singapore, and the U.K., but will
continue to operate its Web sites for these countries out of its North
American offices. StockHouse said the cuts were concentrated in content and
software development and all the laid-off employees received severance. Forty
people remain with StockHouse Media in its offices in Toronto, Sarasota,
Fla., and Vancouver. StockHouse said it would continue to provide its free
online services but also plans to launch a fee-based, real-time stock
information service this summer. The company, which said the layoffs reduced
the monthly burn rate by almost 50%, is targeting to reach profitability by
the end of the year. In addition, StockHouse said it plans to raise a $10
million to $15 million third round within the next six months. To date,
StockHouse has raised over $30 million from chinadotcom, New World CyberBase,
SCMP.com, and individual investors.
		http://www.stockhouse.com

		Hookt.com Files For Chapter 11, Seeks Buyer
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Hookt.com, an online destination for hip-hop
music, news, culture, fashion, and shopping, said it has filed for
reorganization under Chapter 11 bankruptcy. The company said pending lawsuits
against the company by two of its former Web developers prompted it to file.
Hookt said Chapter 11 filing will result in an automatic stay of all actual
and pending litigation and that the company will continue its day-to-day
operations while it evaluates its alternatives--including the potential sale
of the company. In January, Hookt merged with Platform.net, an urban
lifestyle portal and e-commerce network. The merged companies consolidated
staff and operations at Hookt's Manhattan offices, but remained separately
branded Web sites. A Hookt spokesperson said Platform is a subsidiary of
Hookt and has not filed for bankruptcy. Hookt has a staff of 25. Hookt, which
recently raised a $5 million round of funding, is backed by investors
including Warburg Pincus, Chase Capital Entertainment Partners, and
Quetzal/Chase Capital Partners. Platform.net's backers include Spinnaker
Capital, Sony Music Entertainment, and individual investor Michael Tannen.
		http://www.hookt.com
		http://www.platform.net

		 new products
		?
		Software Vendor Exteriority Launches, Buys Assets of PaperX
		mail? top

		 LONDON (VENTUREWIRE) -- Exteriority said it acquired the software assets of
PaperX, a defunct London-based paper marketplace, and is launching a new
e-commerce software business. The terms of the deal were not disclosed.
Exteriority was founded by Borge Bogaard, Christoph Ferch, and Ian Leader,
former members of the PaperX management team. Mr. Leader, who was PaperX's
technology director, said Exteriority will not continue the marketplace
business of PaperX. Instead, it will provide private marketplace and
supply-chain software to businesses. PaperX closed down in February and laid
off all of its employees. Mr. Leader said three people from PaperX's
technology team have joined Exteriority, which is headed by Mr. Ferch, the
CEO. Mr. Bogaard is chairman and chief operating officer, and Mr. Leader is
the chief technology officer. According to Exteriority, PaperX invested more
than EUR 11 million ($9.5 million) in the development of its software, with
venture capital provided by Apax Ventures, Finnish investor Menire, and
Insight Capital's European fund. PaperX had raised a total of $12.9 million
in venture financing, Mr. Leader said. Exteriority is backed by undisclosed
individual investors. The company also announced it has teamed up with the
European Bio-Energy Exchange to develop an e-procurement software platform
for bio fuels.
		http://www.exteriority.com

		cPower Launches To Assist Tech Firms with Product Marketing
		 mail? top

		 SAN DIEGO (VENTUREWIRE) -- cPower, a consulting firm providing marketing
services to business-to-business firms, announced the company's launch and
spin off from the advertising firm DRB Partners. cPower will help both high
technology and other types of companies launch new products. P. Griffith
Lindell, a former senior partner at DRB, founded the company with Richard P.
Fedchenko, Raymond Brown, Karen Milne, and Victor Chinn. cPower also said it
aims to close a first round of funding for between $1.6 million and $5
million within the next six months. It also said it expects to be profitable
in three years.
		http://www.cpowerinc.com

		 m&a
		?
		IT Factory Makes Eighth Acquisition with NotesHouse
		 mail? top

		 BOSTON (VENTUREWIRE) -- IT Factory, an international supplier of
collaborative Internet business products and services and a Lotus independent
software vendor, said it plans to complete its acquisition of NotesHouse, a
Lotus Notes consultancy firm, within the next 30 days. No financial details
were disclosed. This is IT Factory's eighth acquisition. The company said the
acquisition would be fully incorporated but also said there would be no
changes to NotesHouse's Copenhagen, Denmark-based office and 16-person staff.
Christian Holst Jensen, the managing director of NotesHouse, will continue
with the company and become a vice president with IT Factory. NotesHouse had
not received outside funding. IT Factory, which is backed by 2M Invest,
BankInvest, Den Danske Bank, and Gilde, also said it plans on closing a $20
million to $30 million round with all new investors within the next 60 to 90
days. Salomon Smith Barney is acting as the placement agent for the round.
Edwards & Angell provided legal counsel to IT Factory.
		http://www.itfactory.com

		Online Sales Tech Firm NetSales Seeks Buyer
		 mail? top

		 OVERLAND PARK, Kan. (VENTUREWIRE) -- NetSales, a provider of technology and
support services aimed at connecting buyers and suppliers to each other via
the Internet, said it is seeking a buyer. "They are in discussions concerning
potential sale of assets or the whole company," said a company spokesperson.
The company laid off 63 employees across the board last December, saying it
was focusing more on supplier integration. Last summer NetSales sold its
online software sales division, eliminating 70 jobs, as part of its shift
from a business-to-consumer focus to a business-to-business market. The
spokesperson said while there have been no more layoffs, the company is
"constantly evaluating." NetSales' backers include Advanta Partners, Chase
Manhattan, HarbourVest Partners, and Kansas City Equity Partners, Norwest
Equity Partners, Time Warner, and Wells Fargo.
		http://www.netsales.com

		Sonik Acquires Broadbank Assets of RadioConnect
		 mail? top

		 VISTA, Calif.  (VENTUREWIRE) -- Sonik Technologies, which develops and
manufactures radio frequency-based systems for wireless networks, said it
acquired the Broadband Wireless Spread Spectrum product line of RadioConnect,
and that RadioConnect's founder and employees have joined Sonik. Financial
details were not disclosed. RadioConnect's founder H. Maurice France is now
vice president of RadioConnect products at Sonik. All of RadioConnect's
employees, which numbered less than ten, have relocated from their Torrance,
Calif. location to Sonik's headquarters in Vista, Calif. Sonik Technologies
is a subsidiary of Vytek Wireless, a wireless data firm. Sonik Technologies
is profitable and was acquired by Vytek in October 2000. Vytek Wireless is
backed by CIBC World Markets, Charterhouse Group International, and Softbank.
		http://www.sonik.com
		http://www.vytek.com

		Chordiant Software Acquires Assests of ASP Outfitter
		 mail? top

		 CUPERTINO, Calif. (VENTUREWIRE) -- Chordiant Software, a publicly traded
company that provides CRM applications, said it acquired certain assets of
ASP Outfitter. While full terms of the deal were not revealed, Chordiant did
receive intellectual property assets and server technology. According to a
Chordiant spokesman, the remaining assets of ASP Outfitter have been merged
with a hardware company that is part of the portfolio of Palo Alto,
Calif.-based venture capital firm Crescendo Ventures, which was a majority
investor in ASP Outfitter. Crescendo could not be reached for comment. ASP
Outfitter was also backed by West Covina, Calif.-based Falcon Fund.
		http://www.chordiant.com

		focusCORE Accepts Acquisition Offer by Avrio Group
		 mail? top

		 IRVINE, Calif. (VENTUREWIRE) -- focusCORE, a provider of subscription-based
computing services and managed application hosting, announced that it has
accepted an acquisition offer by Avrio Group, a management advisory and
investment group specializing in communications and Internet technologies.
The companies expect the transaction, the terms of which were not disclosed,
to close by June 15. focusCORE's backers include Network Ventures and unnamed
individuals.
		http://www.focuscore.com

		 new directors
		?
		NETdelivery Adds Ex-AT&T President to Board
		 mail? top

		 BOULDER, Colo. (VENTUREWIRE) -- NETdelivery, which provides digital
applications for next generation online data management, said John R. Walter
has become the seventh member of the board of directors. He was introduced to
the company through the board. Previously, Mr. Walter was AT&T's president
and COO and R.R. Donnelley and Sons's chairman, president, and COO. He is
currently a member of the following boards: Abbott Laboratories, Deere &
Company, Celestica, Manpower, and Jones Lang LaSalle. Founded in 1995,
NETdelivery's investors are Apex Venture Partners, First Analysis, Keystone
Venture Capital, and the Productivity Fund. The company expects to announce
an eighth member to its board by the end of the week and will also appoint a
new vice president of sales within the next few weeks.
		http://www.netdelivery.com

		Systems Design Firm Nallatech Names Pentair Exec As Chair
		 mail? top

		 GLASGOW, Scotland (VENTUREWIRE) -- Nallatech, an electronic systems design
and supply company, said it appointed Ken Lewandowski as chairman of its
board of directors. Mr. Lewandowski currently serves as president of Pentair
Enclosures Group Europe, a division of publicly traded Pentair, a
manufacturer with core businesses in the tools, water technologies, and
enclosures markets. In December 2000 Nallatech raised $2.9 million in its
first round of funding from 3i and Scottish Equity Partners.
		http://www.nallatech.com

		 new people
		?
		Converged Switching Firm Gluon Names President & CEO
		 mail? top

		 PETALUMA, Calif. (VENTUREWIRE) -- Gluon Networks, a developer of converged
switching and management systems for local service providers, said it has
appointed Jo Anne Heywood Miller as president and CEO. Ms. Miller, who
officially joins the company on June 26, replaces George Hawley, who will
continue with the company as chairman of the board and will also serve as a
senior advisor to the company. Prior to joining Gluon Networks, Ms. Miller
was founding vice president of engineering for wireless and voice-over-IP
firm JetCell, which was acquired by Cisco Systems in May 2000. Gluon Networks
has a seven-member board which includes investor representatives David Britts
of J.P. Morgan and Tom McConnell of New Enterprise Associates. The company is
also backed by the Texas Pacific Group.
		http://www.gluonnetworks.com

		Enterprise Security Firm Solsoft Names New Chairman and CEO
		mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Solsoft, a provider of a management
system for enterprise security, said it named Robert de Monts as chairman and
CEO. Mr. de Monts previously served as president and COO of BoostWorks, an
Internet infrastructure software company. He replaces Victor C. Langford, who
was promoted from  president and chief operating officer last October. A
company spokesperson said Mr. Langford has joined Avaya, a Lucent spinoff,
but remains a large shareholder of Solsoft. The company is backed by Carlyle
Internet Partners Europe, Intel Capital, Cita, Innovacom-Technocom, Societe
Generale Asset Management, Sofinnova Partners, Vantech, and Viventures.
		http://www.solsoft.com

		Corechange Names Charles F. Kane President
		 mail? top

		 BOSTON (VENTUREWIRE) -- Corechange, a provider of e-business access software
for deploying portals, said it named Charles F. Kane as president of the
company. Mr. Kane joined Corechange as COO and CFO, and will continue to
serve in those positions. He replaces Corechange founder and CEO Ulf Arnetz,
who has been named chairman of the board of directors and remains CEO. Mr.
Arnetz replaces Martin Hart as chairman, who will remain on the board. Prior
to joining Corechange, Mr. Kane served as vice president and CFO of Ardent
Software. Earlier this month, Corechange announced it raised a $25 million
Series C round led by UBS Capital Americas that included new investors Exelon
Capital Partners, Nortel Networks, and SG Cowen Ventures, as well as previous
investors ABN AMRO Private Equity and HarbourVest Venture Partners.
		http://www.corechange.com

		InfoImage Appoints Thomas Niccoli as COO, President
		 mail? top

		 PHOENIX (VENTUREWIRE) -- InfoImage, which provides enterprise decision
software, said Thomas Niccoli has joined as president and the company's first
chief operating officer. CEO Randy Eckel had held those responsibilities
before Mr. Niccoli's appointment. Prior to InfoImage, Mr. Niccoli founded and
served as managing partner for the USWeb office in Phoenix. He also held
senior positions at Xantel and ComputerLand. He was introduced to Mr. Eckel
by a mutual associate. InfoImage has raised $38 million to date from Boston
Millennia Partners, Geo Capital, Global Technology Group, meVC Draper Fisher
Jurvetson, Microsoft, National Bank of Kuwait, and Tudor Investment
Corporation.
		http://www.infoimage.com

		Knowledge Management Firm QED Solutions Names President
		 mail? top

		 TYSONS CORNER, Va. (VENTUREWIRE) -- QED Solutions, which provides software
platforms that support data conversion, cleanup, coding, training, and
process development for drug safety information, said Richard B. Toren has
joined the company as its first president. Mr. Torens, who takes over some
duties from CEO and chairman Victor Gogolak, was introduced to QED by search
firm J. Robert Scott. As president, Mr. Torens will focus on business
development, product development, and expanding database capabilities. The
company is backed by Westport, Conn.-based Oxford Bioscience Partners.
		http://www.qedrx.com

		 vc fund news
		?
		Woodside Investing On An Upswing Despite Market Woes
		 mail? top

		 REDWOOD SHORES, Calif. (VENTUREWIRE) -- At a time when many venture firms
are slowing the pace of investing, Redwood Shores, Calif.-based Woodside Fund
is looking to invest more aggressively. According to Woodside Fund principal
Daniel H. Ahn, the firm is shooting for eight new deals this year, two more
than usual.  "We're investing like gangbusters," Mr. Ahn said. While many
firms have hit the brakes when it comes to new deals, in part because they're
busy mending weak investments, Mr. Ahn believes now is the best time to buy
because fewer investors means lower valuations. "When everyone is buying,
everyone bids up prices and that's not the time to make deals," he said.
Woodside, which has made four new investments this year, is close to closing
on two new deals, and is in the process of examining two others. Mr. Ahn
would not comment on the new investments, only to say they involved companies
in the semiconductor and networking spaces. The companies Woodside has
invested in this year include TrueSAN Networks, a San Jose, Calif.-based
provider of enterprise storage network services; Milpitas, Calif.-based
General Nutronics, a developer of multi-petabit optical switches; and San
Francisco-based Intelligent Markets, a maker of trading platforms for
financial institutions. In other developments at Woodside, Mr. Ahn said all
the firm's limited partners have agreed to reinvest in its next fund, which
Woodside expects to raise early next year. "They're all re-upping between one
and two times as much," he said. Woodside raised a $135 million fund in April
2000 and has about one-third remaining, Mr. Ahn said.
		http://www.woodsidefund.com

		Pakistani Firm KASB TechVentures to Close Down in June
		 mail? top

		 LAHORE, Pakistan (VENTUREWIRE) -- KASB TechVentures, an incubator and
early-stage venture capital unit, will close its doors next month, according
to the venture fund's chief executive officer, Altaf Khan. The company was
started by Pakistani investment firm Khadim Ali Shah Buhari & Co. this past
autumn. In a company statement Mr. Khan said that its investor has
"terminated the money supply" rather than waiting for returns from an IT
remote access initiative. The incubator had planned to focus on Pakistani
businesses in the infrastructure, networking, software, hardware, Internet,
telecommunications, and financial service sectors, with investments of
between $100,000 and $1 million in portfolio companies. Khadim Ali Shah
Buhari & Co. could not be reached for comment.
		http://www.kasbtv.com

		Southern Capitol Partners with State-Funded Biotech Center
		 mail? top

		 RESEARCH TRIANGLE PARK, N.C. (VENTUREWIRE) -- Southern Capitol Ventures, a
Research Triangle Park, N.C.-based venture capital firm, said it has formed a
partnership with North Carolina Biotechnology Center, a state-funded
biotechnology research and development center. Ben Brooks, the founder and
managing director of Southern Capitol, said his firm will have access to NC
Biotechnology Center's resources, including its management expertise. Through
the partnership, Southern Capitol will receive $100,000 towards a $20 million
fund it is planning to close by November. Southern Capitol, which was formed
in December of 2000, invests in early-stage companies, focusing 60% of its
investments on information technology companies and 40% on biotechnology. The
company has invested in branded e-mail technology firm FullSeven
Technologies, its first and only investment to date. Southern Capitol is also
an investor in The Atlantis Group, an early-stage venture capital firm.
		http://www.southcapitalventures.com

		 vc personnel
		?
		Ex-Pequot Capital VP Joins Partech as Portfolio Manager
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Partech International, a venture capital
firm, announced that Kevin Carrington has joined the firm as a portfolio
manager for its $130 million AXA U.S. Growth Fund. Prior to joining Partech,
Mr. Carrington was a vice president at Pequot Capital Management, where he
focused on enterprise software and technology services. Partech focuses on
expansion and later-stage investments in Web services, e-business
infrastructure software and services, communications software and services,
and collaborative vertical services and products.
		http://www.partechvc.com

		company index
		top

		Asimba, Asimba, Axerra Networks, Bernina Biosystems, Bernina Biosystems,
BitFlash, Boxerjam, ChipData.com, Chordiant Software, CommerceFlow, Converge,
Core Networks, Core SDI, Core SDI, Corechange, Corechange, cPower, cPower,
CryoCor, Delphi Communication Systems, DigitalMoJo, eKit.com, Elagent,
Encelle, Esterel Technologies, Esterel Technologies, Exteriority, focusCORE,
focusCORE, Gluon Networks, Gluon Networks, Gluon Networks, Hookt.com,
Hookt.com, InfoImage, InfoImage, InfoTalk, InfoTalk, iSovia, IT Factory, IT
Factory, KASB TechVentures, Koch Ventures Group, Metastorm, Metastorm,
Nallatech, Nerve Wireless, NetByTel, NETdelivery, NetSales, Newtek Capital,
Newtek Capital, NotifyMe Networks, octopus.com, Optimight Communications,
Outstart, Partech International, Partech International, Partech
International, Pelago Networks, Platform.net, Platform.net, Proteus,
PurpleYogi, QED Solutions, QED Solutions, Real Media, Real Media, Real Media,
Riptech, Seek Communications, Seek Communications, Solsoft, Solsoft, Solsoft,
Sonik Technologies, South Capital Ventures, South Capital Ventures, Spotwave
Wireless, Spotwave Wireless, StarCite, StockHouse Media, Trendium, vSimplify,
vSimplify, Vytek Wireless, Woodside Fund, World Wide Packets

		Around-the-clock global trading is almost here.
		New access to the reinsurance market is needed.
		Corporations must better manage their credit departments.

		At Financial Services Outlook, you'll meet the people
		running the companies that are taking these challenges
		head on.

		Financial Services Outlook
		July 31
		The Marriott World Trade Center

		Register before June 19 and SAVE
$100:http://www.financialservicesoutlook.com/register.asp

		investor index
		top

		Accenture Technology Ventures, Accenture Technology Ventures, Acer Technology
Ventures, Acer Technology Ventures, Advanced Capital Europe, Advanced Capital
Europe, Allen & Buckeridge, AMCF, AMCF, Amwin Management, Amwin Management,
Belgian Fonds Rendex, Belgian Fonds Rendex, BioM, BioM, CDC Innovation, CDC
Innovation, Child Health Investment, Coastal Growth Partners, Connecticut
Innovations, Connecticut Innovations, Cordova Ventures, Earlybird, Earlybird,
Eno River Capital, Galileo Partners, Galileo Partners, Hibernia Capital
Partners, High Tech Beteiligungen, High Tech Beteiligungen, HSBC Private
Equity Asia, HSBC Private Equity Asia, imGO, imGO, Intel Capital, Intel
Capital, Intel Capital, Intel Capital, Intersouth Partners, Koerner Capital,
Lexam Capital, Lexam Capital, Macquarie Technology Ventures, Macquarie
Technology Ventures, North Carolina BioScience Fund, North Carolina
Enterprise Fund, Pegasus Venture Capital, Pegasus Venture Capital, Royal Bank
of Canada Capital Partners, Skandia Innovation U.S., Skandia Innovation U.S.,
Walden International Investment Group, Walden International Investment Group,
Yahoo!, Yahoo!

		your account

		click on the following links to:
		 Switch to the plain-text version
		 Change your e-mail address
		 Cancel your subscription
		 Thoughts, suggestions, commentary
		 This newsletter was mailed to you at:  jdasovic@ENRON.COM

		contact

		Send news items to editor@venturewire.com
		Send questions, complaints, or service queries to venturewire@venturewire.com
		Send advertising inquiries to visconti@venturewire.com

		legal

		This copy of VentureWire and the information within it may not be reproduced,
saved, or otherwise copied into a database without the prior written consent
of Technologic Partners.

		VentureWire is a service mark of Technologic Partners
		,2001 Technologic Partners
			?


Jim,

I can provide some explaination about the spread option function in the
Exotica library.
My phone number is 713-853-6388. Let us set up a time.

Zimin

---------------------- Forwarded by Zimin Lu/HOU/ECT on 03/06/2001 10:22 AM
---------------------------

Vince J Kaminski
03/06/2001 09:56 AM
To: Zimin Lu/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Constellation Delta Positions

Zimin, Stinson

I think I forwarded the message to you.
Did we act on it?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/06/2001
09:55 AM ---------------------------

Jim Meyn@ENRON
02/27/2001 03:53 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Robert Stalford/NA/Enron@Enron, Mason Hamlin/HOU/ECT@ECT
Subject: Constellation Delta Positions

Vince,

Rob and I would like to coordinate a meeting with one of your Research people
to review the Spread Option calculation from the Exotica options library.
We're pricing a spread option deal in NYC and have some questions related to
the formula, greeks, etc.  Please let me know who might be available to sit
with us for about 1/2 hour.  Thanks

- Jim

---------------------- Forwarded by Jim Meyn/NA/Enron on 02/27/2001 03:49 PM
---------------------------

	From:  Mason Hamlin @ ECT                           02/27/2001 01:48 PM

To: Tom May/Corp/Enron@Enron, Robert Stalford/NA/Enron@Enron
cc: Jim Meyn/NA/Enron@Enron, Gautam Gupta/HOU/ECT@ECT

Subject: Constellation Delta Positions

Attached are the Delta positions for the NYC Constellation deal.  If you have
any questions or would like to review the model, please call me.

Thanks,

Mason


Daily Agenda
Monday, May 14, 2001

Today's events...
* 11 a.m., SACRAMENTO   Consumer groups announce action against the
Federal Energy Regulatory Commission, Capitol, room 1190. Contact: Rosemary
Shahan, 530-759-9440.
* 1 p.m., SACRAMENTO   Gov. Gray Davis releases revised state budget
figures, Capitol, room 1190. Contact: 916-445-4571.

In the news...
* LA Times, Tamaki: Davis' budget may look familiar.
http://www.latimes.com/news/state/20010514/t000040595.html
* Riverside Press-Enterprise, (AP): Natural gas report questioned.
http://www.inlandempireonline.com/news/ap/20010514/CA_Power_Natural_Gas_2548
8N.shtml
* SD Union-Tribune, Mendel: How does state get out of power biz?.
http://www.uniontrib.com/news/uniontrib/mon/news/news_1n14inpolem.html

In committee...
* VARIOUS BILLS.  Revenue and Taxation.  1:30pm, room 126.  (Squawk
Box 91.5)
1. AB 240 (Runner) Would increase the Manufacturer's Investment Credit
to 7 percent; expand to extraction, energy
2. AB 390 (Maddox) Would repeal the ? cent sales tax rate
3. AB 595 (Leach) Would increase the dependent exemption credit to $500
* VARIOUS BILLS.  Natural Resources.  1:30pm, room 447.  (Squawk Box
97.5, Assembly TV, CH. 8)
* VARIOUS BILLS.  Transportation.  1:30pm, room 4202.  (Squawk Box
90.3, Assembly TV, CH. 7)
* VARIOUS BILLS.  Banking and Finance.  4:00pm, room 444.  (Squawk Box
95.1)

Today on the floor...
* Assembly session at 11:00am.  (Squawk Box 89.7, Assembly TV, CH. 7)
* Senate session at 10:00am.  (Squawk Box 99.1, Senate TV, CH. 5)

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005


TFS broker checked out wrong. We just spoke with him and he said he had
corrected it with the back office. Should be cleared up now.

Thanks,
Kate

Kerri Thompson@ENRON
01/16/2001 01:32 PM
To: kate.symes@enron.com
cc:

Subject: tfs

498118

should be np15


CALENDAR ENTRY:	REMINDER

Description:
	Emmy's

Date:		9/10/2000
Time:		7:00 PM (Central Standard Time)
Not for public viewing

Chairperson:	Stacey W White

Detailed Description:


Evan Chesler
212-474-1243

Elizabeth Grayer
212-474-1604


Thank you for your order.

Order Number : 21114
Placed       : 12/20/2000 20:00:51

Ship To:                                 Bill To:
James Schwieger                          James Schwieger
jim.schwieger@enron.com                  jim.schwieger@enron.com
281-586-0910                             281-586-0910
713-646-2391                             713-646-2391
Enron                                    Enron
6802 pebble beach dr                     6802 pebble beach dr
houston TX 77069                         houston TX 77069
US                                       US

Code           Name                                    Quantity
Price/Ea.         Total
------------------------------------------------------------------------------
-------------
403            Tom Doniphon - Life-Size Standup 6'3" tall       1
$29.95        $29.95
401            John Elder - Life-Size Standup 6'3" tall       1
$29.95        $29.95
                                                       Shipping: 2nd Day
Air:        $30.00
                                                                   Sales
Tax:         $0.00
------------------------------------------------------------------------------
-------------

Total:        $89.90


Telecommunications Reports presents . . . . . TR's State NewsWire
February 7, 2001 8 A.M. Edition

STATES
GEORGIA -- PSC approves 'multiple overlay' for '678' area code
WYOMING -- Senate OKs Uniform Electronic Transactions Act
ILLINOIS -- Democrats appointed to committee that will address 'open
access'
FLORIDA -- PSC sets deadline for telecom firms to provide '711' relay
access
OHIO -- Bill to restrict e-mail advertising to be heard next week
IDAHO -- Bill directs PUC to open service-quality rulemaking
TEXAS -- AT&T asks commission not to delay USF review until 2003
HAWAII -- Lawmakers to consider 'open access' bill
MASSACHUSETTS -- Bill would forbid assessing elderly long distance
service charge
GEORGIA -- Legislator takes aim at drivers using hand-held wireless
phones
VIRGINIA -- Prison phone bill clears committee
MINNESOTA -- Legislators take aim at telemarketers
ILLINOIS -- Measure would prohibit Internet gambling
NEW YORK -- Verizon debuts new calling features in New York City

NETWORK MANAGEMENT
GEORGIA
PSC approves 'multiple overlay' for '678' area code

The Public Service Commission yesterday approved a "multiple overlay"
plan to relieve NXX code exhaustion in the "678" number planning area
(NPA), a commission staff member told TR.  A new area code will overlay
the 678 NPA, which is already an overlay for the "404" and "770" area
codes.

The relief plan will allow existing customers to keep the 678 area code
and will continue to require 10-digit dialing.  When the 678 NPA is
exhausted, code assignments will be made in the new overlay area code.
The 678 NPA has enough codes to last through August, and the new area
code is scheduled to take effect Aug. 7.  In addition, the remaining
codes in the 404 NPA will continue to be available until they are
exhausted.  (Docket no. 10448-U)

INTERNET
WYOMING
Senate OKs Uniform Electronic Transactions Act

The Senate has approved the Uniform Electronic Transactions Act (SB 116)
by a 27-3 vote.  SB 116 would give legal effect to electronic
signatures, ensuring that a record or signature wouldn't be denied legal
enforceability solely because it was in electronic form.

The measure would apply only to transactions where both parties have
agreed to conduct business through electronic means.  A party that
agreed to conduct a transaction by electronic means could refuse to
conduct other transactions electronically.  Additionally, no individual
could waive this right.

SB 116 wouldn't apply to wills, codicils, or testamentary trusts.  SB
116, which was sponsored by Sen. John Hanes (R., District 5) and Rep.
Bruce Burns (R., District 51), awaits committee referral in the House.

ADVANCED SERVICES
ILLINOIS
Democrats appointed to committee that will address 'open access'

The House Democratic leadership has appointed six members to the
Computer Technology Committee.  The Republicans likely will appoint
members to the committee by the end of this week or early next week, a
legislative staff member told TR.

Rep. Connie Howard (D., District 32) will chair the committee.  The
other Democratic members are Reps. Julie Hamos (District 18), Jay
Hoffman (District 112), Louis Lang (District 16), Todd Stroger (District
31), and Karen Yarbrough (District 7).

Rep. Jeffrey Schoenberg's (D., Evanston) proposed Internet Access
Enhancement Act has been referred to the committee.  (1/11/01 p.m.)  A
hearing has been scheduled for tomorrow but likely will be cancelled if
the Republican leadership has finalized its appointments.

HB 138 would require a provider of high-speed broadband Internet access
that also is a cable TV operator, or an affiliate of a high-speed
broadband Internet service provider, to allow any requesting ISP to
access its high-speed broadband services.  The access would have to be
provided at rates, terms, and conditions that are "at least as
favorable" as those that the broadband ISP provides to itself, an
affiliate, or any other person.

CUSTOMER-AFFECTING
FLORIDA
PSC sets deadline for telecom firms to provide '711' relay access

The Public Service Commission has set Aug. 1 as the deadline for the
state's telecom companies to provide speech- and hearing-impaired
customers with access to the Florida Relay Service through the "711"
telephone number.  The 711 number facilitates access to the relay system
by eliminating the need to dial an 11-digit toll-free number, which was
required until now and differs from one state to another.  The FCC has
ordered all states to implement 711 access to relay service by Oct. 1.

INTERNET
OHIO
Bill to restrict e-mail advertising to be heard next week

The Senate Economic Development, Technology, and Aerospace Committee has
scheduled a Feb. 13 hearing on a bill to prohibit the transmission of
unsolicited e-mail advertisements.  (2/5/01 a.m.)  The hearing is
scheduled for 11 a.m. in the Senate's South Hearing Room.

Under SB 8, the recipient of an e-mail advertisement transmitted in
violation of the legislation could bring a civil action against the
violator.  The recipient could recover actual damages or $10 per e-mail
advertisement and attorney's fees and court costs.

The committee held its first hearing on the bill yesterday, during which
its sponsor, Sen. Ron Amstutz (R., District 22), testified.  The
committee will hold at least three more hearings on the measure, a
legislative staff member told TR.

Many different parties have expressed interest in SB 8, but no one has
come out in strong opposition or support of it, the staff member said.

CUSTOMER-AFFECTING
IDAHO
Bill directs PUC to open service-quality rulemaking

A bill has been introduced in the House that would direct the Public
Utilities Commission to open a rulemaking to set new telecom
service-quality standards.  HB 127 would require the commission to draft
rules that would apply to all telecom services necessary to provide
local exchange service.

The commission currently only has one rule related to service quality,
which addresses restoration of service, the PUC staff told TR.  The new
rules that would be drafted as a result of this bill would be much
broader, the staff said.

HB 127 would authorize the commission to determine the appropriate
amount for administrative penalties if a provider failed to meet a
standard.  The assessed penalty for each unmet standard should be
proportionate to the number of affected customers and the frequency of
noncompliance with the standards, according to the measure.

HB 127, which was sponsored by the House State Affairs Committee, awaits
committee referral.

UNIVERSAL SERVICE
TEXAS
AT&T asks commission not to delay USF review until 2003

AT&T Corp. has asked the Public Utility Commission not to delay its
review of the Texas Universal Service Fund (USF) eligible services,
costs, benchmark levels, and base support amounts until March 2003, as
recommended by the PUC's policy development division.  AT&T suggested
that the PUC consider a limited review of the USF sharing mechanism
beginning in June, with a full review starting no later than one year
from now.  The company asked that the revised support levels be
determined by the end of 2002.

According to AT&T, the USF funding levels were derived from 1997 data.
The company asserted that since 1997, SBC Communications, Inc., and
Verizon Communications, Inc., have gained "substantial economies of
scale through merger activities."  AT&T added that toll and access rates
have declined "significantly" in state and interstate jurisdictions,
while local service rates have held steady, and only small increases in
end-user common line rates have occurred.

The company concluded that the benchmark revenues value for determining
state USF support is likely to have changed.  (Project no. 22472, USF
Rules Review)

ADVANCED SERVICES
HAWAII
Lawmakers to consider 'open access' bill

Rep. William Stonebraker (R., District 15) has introduced HB 1617 to
require each wireline broadband Internet access transport provider to
provide any other requesting Internet service provider access to its
broadband Internet services, unbundled from content.  Violators of HB
1617, the Internet Access Enhancement Act of 2001, would face up to 90
days in jail or a maximum fine of $5,000.

HB 1617 awaits consideration by the Consumer Protection and Commerce
Committee and the Judiciary and Hawaiian Affairs Committee.

PRICING
MASSACHUSETTS
Bill would forbid assessing elderly long distance service charge

Rep. George Rogers (D., New Bedford) has introduced a bill to prohibit
long distance telephone carriers from assessing a service charge against
elderly customers.  The measure doesn't define the term elderly.

Carriers that continued assessing the charge would be fined $1,000 per
day, per customer.  Fines would be paid into the state's Elderly Affairs
Secretariat for administering services for the elderly.  HB 1583 has
been referred to the Government Relations Committee.

WIRELESS
GEORGIA
Legislator takes aim at drivers using hand-held wireless phones

Sen. Donzella J. James (D., District 35) has introduced a bill to
prohibit drivers from using wireless phones not equipped for hands-free
use.  Violators of SB 115 would be guilty of a misdemeanor and subject
to a fine of up to $50.

The bill's text is available at
http://www.legis.state.ga.us/Legis/2001_02/fulltext/sb115.htm

PRICING
VIRGINIA
Prison phone bill clears committee

The House Committee on Health, Welfare, and Institutions has approved a
bill aimed at reducing rates paid by inmates for collect calls made from
prison.  HB 2196 would require any "commission" received by the
Department of Corrections from a company providing inmate phone service
to be used to reduce inmates' rates.

The State Corporation Commission recently decided to proceed with a Feb.
14 hearing to examine the rates charged by two Virginia subsidiaries of
WorldCom, Inc., for service provided to the state's inmate telephone
system.  (2/2/01 p.m.)  The SCC's investigation began last year when two
Department of Corrections inmates complained that the rates WorldCom
charges for collect calls placed by inmates are too high.

The bill, sponsored by Del. Flora Davis Crittenden (D., District 95) has
been referred to the Committee on Appropriations.  Its text is available
at http://leg1.state.va.us/cgi-bin/legp504.exe?011+ful+HB2196.

CUSTOMER-AFFECTING
MINNESOTA
Legislators take aim at telemarketers

Sen. Dallas Sams (D., District 11) has introduced SF 566 to require
telemarketers to obtain an authorization form from a customer for an
electronic charge discussed during a telephone call.  The authorization
would have to be either written authorization from the customer or an
oral or written statement from the customer disclosing the last four
digits of the account number.

During a telemarketing call to a preacquired account, a telemarketer
would have to disclose to the customer the authorization policy
established by the legislation.

INTERNET
ILLINOIS
Measure would prohibit Internet gambling

Rep. Lee Daniels (R., Elmhurst) has introduced HB 545 to make Internet
gambling a Class A misdemeanor.  The bill has been referred to the House
Rules Committee.

The measure would prohibit knowingly playing "a game of chance or skills
for money or other thing of value by means of the Internet" or knowingly
making a wager on "the result of any game, contest, political
nomination, appointment, or election by means of the Internet."

ADVANCED SERVICES
TEXAS
PUC sets xDSL working group meeting

The Public Utility Commission has scheduled a Feb. 20 meeting of the
xDSL (digital subscriber line) working group.  The PUC expects to
discuss Southwestern Bell Telephone Co.'s xDSL performance.
Specifically, participants will address basic rate interface/integrated
services digital network digital subscriber line provisioning.  (Project
no. 20400, Section 271 Compliance Monitoring of Southwestern Bell
Telephone Co. of Texas)

CUSTOMER-AFFECTING
NEW YORK
Verizon debuts new calling features in New York City

Verizon New York, Inc., has started offering two new services--Talking
Call Waiting and Internet Call Manager--to its customers in New York
City.  Talking Call Waiting enhances standard call waiting by using a
computerized voice to announce the name of the new caller.  Internet
Call Manager uses a pop-up window to notify customers of incoming calls
while they are on the Internet using the same phone line, using a pop-up
window.

The company said a third new service, Call Intercept, should be
available to Verizon's New York City customers by mid-year.  Call
Intercept blocks all calls from phone numbers that appear as "private'"
or "unavailable" on Caller ID displays.  Callers will be offered the
opportunity to record a message, which subscribers can listen to
immediately and decide whether to take the call.

Talking Call Waiting is $2.50 per month.  Subscribers also must have
call waiting, which is $5.19 for residential customers and $11.68 for
small business customers.  Internet Call Manager is priced at $5.95
monthly for residential customers.

Federal law prohibits duplication in any form, including electronic,
without permission of the publisher.

TR's State NewsWire Copyright 1998, 1999, 2000 Telecommunications
Reports International, Inc. (ISSN 1082-9350) is transmitted each
business day at 8 a.m. and 2 p.m., except holidays.
Telecommunications Reports International, Inc.
1333 H St. NW, Suite 100-E
Washington, DC 20005-4707

Associate Editor for Online Publications: Jennifer Erschen, E-mail:
jerschen@tr.com
Senior Legislative & Regulatory Analyst: Gayle Kansagor, E-mail:
gkansagor@tr.com
Senior Research Analyst: Steve Arlowe, E-mail: sarlowe@tr.com
Senior Analyst: Barney McManigal, E-mail: bmcmanigal@tr.com
Account Services: Eileen Callahan (202) 312-6116, (202) 842-3023 (fax)
E-mail: ecallahan@tr.com


Gary Lamphier is working on negotiating a price for this.

D

Aimee Lannou   01/02/2001 02:14 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 1517

Daren - meter 1517 has a nom of 0/day for Jan.  It flowed about 5.400 on day
1. This is a valid flow.  Could you please extend the deal from Dec. (deal #
506192) or create a new one?  Thanks.

AL


I just wanted to make sure this was clear Brian.  Call me if you have any
questions.

Happy New Year!

Mark

	Gerald Nemec@ECT
	12/29/2000 03:10 PM

		 To: htebs@huber.com
		 cc: Mark Whitt/NA/Enron@Enron
		 Subject: Trailblazer Assignment

Brian,  Mark forward the executed docs. to me.  The Trailblazer Assignment
was not included.  I have attached the assignment in case you don't have the
one I forwarded earlier.  Please execute and return.   Also the Amended and
Restated Transaction No. 2 was initialled, but was not executed.  I am
forwarding those back to you for execution.  Thanks for your cooperation.


Jeff,

Here is Pete's exposure with liquidations turned off on the Gas Daily deals.

Errol Mclaughlin

---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 01/24/2001
02:45 PM ---------------------------

Luchas Johnson
01/24/2001 02:38 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: PG&E


The volume for the 24th is in error.  It is really 32,800 MMBtu/d.

Duke - Disregard residue sales volumes and get from William Speckels.
---------------------- Forwarded by Bruce McMills/FtWorth/PEFS/PEC on
05/23/2000
09:29 AM ---------------------------

Bruce McMills
05/23/2000 09:00 AM

To:   briley@enron.com, dfarmer@enron.com, stacey.neuweiler@enron.com
cc:   Michael R. Cherry/EastTexas/PEFS/PEC@PEC, Chad W. Cass/GCS/CEC/PEC@PEC,
      William E. Speckels/GCS/CEC/PEC@PEC, Julia A. Urbanek/GCS/CEC/PEC@PEC,
      Donna C. Spencer/GCS/CEC/PEC@PEC
Subject:  Eastrans Nom - 5/24/2000

This is to nom 32,500 MMBTU into Eastrans for 5/24.  5/23 volume was reduced
to 7,800 MMBtu with all redeliveries coming from Fuels Cotton Valley.

Duke only - For 5/24, the redeliveries will be 25,000 MMBtu per day at
Carthage
into Enron's cartwheel agreement
and 7,800 from Fuels Cotton Valley.  Sales at the tailgate will be 4,250
MMBtu/d
for 5/24.  For 5/23, the sales will be 7,020 MMBtu/d.


Gentlemen,

I would like to have a conference call to discuss recent IT issues. How does 3:45pm CST (1:45pm PST) sound...please advise..

Dan


(See attached file: HPLN1206.xls)

 - HPLN1206.xls


We will have our usual Monday morning conference call @11:00am (CST).  For
those of you in Houston, we will be in room 4793.

Dial-in number:  888/311-9051
Pass code:  60396

Sue Nord, Sr. Director
Government Affairs
713 345-4196


Hello Xdrive User,

In the past you signed up for a free, advertising-based Xdrive Express
online storage account at http://www.xdrive.com/. We appreciate your
past use of Xdrive, an Online Storage Box for Everyone(tm). Our privacy
policy http://www.xdrive.com/company/privacy_popup.html permits us to
contact you about the service, so I'm writing to you today about the
closure of the free Xdrive Express service and to invite you to try the
new subscription-based, advertising-free Xdrive Plus service at:
http://plus.xdrive.com/. If you have received this message because of
a mistake, I apologize. And to unsubscribe from future Xdrive messages,
please simply click on this link:
http://eprefs.net/cgi-bin/oc.plex?id=45963&e=mark.taylor@enron.com.

You are subscribed as: mark.taylor@enron.com.

I'm writing because the Xdrive Express service was permanently closed
on May 15, 2001, after notifying users as described on this page
http://www.xdrive.com/index_express.html .  According to our records
you didn't access your free Xdrive Express account for 120 days or more
before the service was closed, so I'd like to suggest our high-quality
Xdrive Plus service as a replacement for you to evaluate.  (Please note
that files stored on the free Xdrive Express service are no longer
accessible nor recoverable.)  Being subscription-based, Xdrive Plus is
a significant upgrade in service and has all the features you once
enjoyed in Xdrive Express plus many more.

As a managed alternative to your old Xdrive Express account, I would
like to encourage you to try the advanced Xdrive Plus service FREE for
15 days.  Sign up for it at http://plus.xdrive.com/signup.html . After
the first 15 days, the Plus service can be continued for a very
reasonable fee, considering all the professional-grade power it
provides...

With the new Xdrive Plus service, your data is still safe, backed up
and accessible from any Web-enabled laptop or PC.  Increase your
productivity by managing files and collaborating with co-workers across
town or around the globe.  Upload, download or transfer business
documents, presentations, graphics or even your personal audio/video
files without having to remember what computer you created them on.
Xdrive Plus is compatible with any file format - providing the perfect
storage solution for busy professionals like you who need anytime,
anywhere access to all their digital information.

Your Xdrive Plus subscription will include:
* Secure and accessible file storage from anywhere via any Web-enabled
  Laptop or PC
* Convenient storage and sharing tools for all your digital files -
  including business documents, PowerPoint(TM) files, MP3s, family
  photos and more
* Flexible service options to let you buy more space as you need it
* Peer-to-peer folder sharing and universal (public) file sharing.
  Drag and drop to Xdrive Plus as you would any highly-secure,
  highly-accessible, completely backed up local hard drive.

I'd like to invite you to join thousands of professionals and try
Xdrive Plus FREE for 15 days.  For more information about Xdrive Plus
or to SUBSCRIBE, visit http://plus.xdrive.com/.  And write me with your
ideas about what you'd like to see in future versions of Xdrive Plus at
mailto:plus.feedback@xdrive.com .

And if you are a business user of online storage, I'd like to recommend
InternetConnect's Managed Storage solution
(http://www.internetconnect.net/managedstorage/), which is powered by
Xdrive's technology.  See below for details on this exciting new
service.

Best regards,

Dave Wagner
Vice President, Internet Marketing and Online Products
Xdrive Technologies, Inc.
mailto:plus.feedback@xdrive.com
http://plus.xdrive.com
An Online Storage Box for Everyone(tm)

P.S. You are receiving this email message because you previously signed
up for an Xdrive account at http://www.xdrive.com/.  Per our privacy
policy http://www.xdrive.com/company/privacy_popup.html you gave us
permission to contact you about the above service updates and changes.
If this communication has reached you in error, I apologize.  To
unsubscribe from any future Xdrive mailings, please simply click on
http://eprefs.net/cgi-bin/oc.plex?id=45963&e=mark.taylor@enron.com.
Try our new and more powerful service, Xdrive Plus, at
http://plus.xdrive.com/.  Thank you!

You are subscribed as: mark.taylor@enron.com

********** ENHANCED SERVICE FROM AN XDRIVE PARTNER **********

If you need a secure network option for your business, Xdrive is
pleased to offer InternetConnect's Managed Storage solution (powered by
Xdrive). For businesses of all sizes, this service has the same user-
friendly features that you are accustomed to. Plus, it also includes
control features to help you more intelligently store, manage, access
and share the information that drives your business. For more
information on InternetConnect's Managed Storage solution, visit
http://www.internetconnect.net/managedstorage/ .

Once becoming an InternetConnect customer, your Managed Storage
solution includes:

        * Secure Network Provider -- All of your documents will reside
          in a secure, reliable network environment
        * Large Footprint -- Access to InternetConnect's nationwide
          managed ATM backbone
        * Virtual Private Network -- When uploading, downloading and
          sharing, none of your files and folders actually hit the Internet
        * Administrative Controls -- YOU can manage your company's
          Managed Storage accounts
        * Collaborative Folder Sharing and Folder Mapping -- Perfect for
          groups and dispersed workforces
        * Downloadable Client Application -- Easy file transfer when
          handling numerous files

InternetConnect offers three Managed Storage packages to meet the needs
of your business. Packages start as low as $59/month. For more
information, visit http://www.internetconnect.net/managedstorage/.

********************************************************************

XDRIVE PLUS SUBSCRIPTION OR INTERNETCONNECT MANAGED STORAGE... IT'S
YOUR CHOICE!

********************************************************************
You are receiving this e-mail because you have previously signed up for
an Xdrive account at http://www.xdrive.com .  Per our privacy policy,
located at http://www.xdrive.com/company/privacy_popup.html , you have
given us permission to contact you about the above service updates and
changes.  If this communication has reached you in error, we apologize.
To unsubscribe from any future Xdrive mailings, please simply click on
the following link:
http://eprefs.net/cgi-bin/oc.plex?id=45963&e=mark.taylor@enron.com.

You are subscribed as: mark.taylor@enron.com


Hi, Jeff --

I'm so glad you called today and that I could run over to the FERC
meeting.  Always interesting!

Here are my notes -- I apologize in advance if they are a little
rough.  Over the past few years I've become a much faster typist than when
I write longhand.

Gov. Gray Davis
November 14, 2000
FERC Hearing in San Diego

Serious flaws in the energy market in California.  Rates are not reasonable
nor just.  Two points:

1.  Given FERC's findings, you must order refunds. If you don't, then what
was the point of the findings.  Believes FERC has the authority to issue
the refunds and called on them to order them sooner than later.
2.  Impose hard price caps and big caps that will protest consumers from
another anticipated crisis in summer 2001.

Davis said he believes that deregulation can work eventually, if market is
competitive and all parties act responsibly.  But he believes it will take
4-5 years to get to a competitive market.  Without the price caps, he
believes there will be a lot of unwarranted pain inflicted on the consumers
and businesses of CA.

He said there is no justification for the huge profits the energy companies
netted in the third quarter.  He said he won't stand to allow CA companies
to be brought to their knees.  The market is dysfunctional.  People in SD
believe the marketplace is being manipulated for obscene profits.  Wants to
level off dereg for 4-5 years to allow market to work and for more power
plants to come online.

He said he believes in people making money and that dereg can work -- but
only when it's competitive.

Strong belief in wholesale price caps.  Angry that FERC stripped CA ISO's
ability to protect consumers against price spikes.  He said FERC's plan is
a reckless deregulation experiment and that the Commission's plan will only
make things worse next summer. Davis asked FERC to modify its order.

He said that FERC doesn't believe that CA can get the plants
online.  Doesn't blame them given the history of CA, but that he has taken
measures to speed up from 1 year to 6 months to site new plants.  He's
allocated $50 million from the general fund and $500 million for demand
reduction, renewables and conservation programs.  He believes he can reduce
demand and increase supply without public health risks or environmental
degradation.

He said he wants to have someone accountable/electable to the ISO and the
Power Exchange Boards, that the state should have the right to include
people from CA on those Boards.  He talked about the negative effects the
actions in CA will have on other states watching this "great deregulation
experiment."

He said FERC's proposed solution does nothing to lower prices.  To the
contrary, it's to bring businesses and consumers to their knees.  And Davis
predicted "a ratepayers revolt that will strip FERC of its authority and
take matters into their own hands."  He said he believes strongly that FERC
has the remedies to protect consumers, give them rebates and prevent this
from happening again.

He said if FERC just focuses on getting more plants online, all hell is
going to break loose. That FERC can't sit in Washington, 3,000 miles away
and take action on CA -- that will only cause more problems.

Dana speaking again --  If any of this doesn't make sense or you have
additional questions, please let me know. I have a few things scribbled in
the margins that may help piece it together better.

Again, thanks for the opportunity to help.  I look forward to talking to
you again soon.

Best,

Dana

Dana Perino
dana@gablegroup.com
619-234-1300 ext. 238


This will be the schedule for the interviews being held next week.  If you
have any questions please let me know.

Monday 8th in EB3127 with Bruno Messer
2:30-Kayne
3:00-Don
3:30-Juan
4:00-Larry

Wednesday 10th in EB3127 with John Jamroz
2:30-Larry
3:00-Juan
3:30-Don
4:00-Kayne

Thursday 11th in EB3125b with Brad Orosey
2:30-Kayne
3:00-Don
3:30-Juan
4:00-Larry

Thursday 11th in EB3127 with Eric Blair
2:30-Larry
3:00-Juan
3:30-Don
4:00-Kayne

Thank You
Lisa Shoemake x39194

Thanks
Lisa Shoemake x39194


I have taken to heart your request that we try to mitigate operational risk.
Perhaps I have found another way to serve Energy Operations.

Arthur Andersen and Risk are sponsoring a conference on operational risk
(www.risk-conferences.com/oprisk2001).  The conference is composed of two
streams, one of which focuses on quantification and mathematical modeling
(neural networks, Bayesian models, and other statistical approaches).  The
quantitative approach to operational risk is akin to how VaR formalized and
quantified market risk.  It is also similar to the curve fitter that I wrote
(which uses mathematics to quantify how "good" or "bad" the back end of a
curve looks given the front end).

The conference is next Thursday and Friday (8-9) in New York (I just got the
notice today, so I am sorry for the short notice).

Would you like me to attend?

Regards,

Eugenio


I had pulled the budget information for a prior meeting.

The number is around $5 million.  Just in case you need a rough number.

I will work with James to refine.

thanks

bob

	From:  Sally Beck @ ECT                           01/22/2001 01:59 PM

To: Bob M Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, James Scribner/Corp/Enron@Enron
cc: Louise Kitchen/HOU/ECT@ECT

Subject: 2001 Anticipated Budget Adjustments for HPL Sale

During the budgeting process for 2001 I gave Dave Delainey an estimated cost
savings for Energy Operations assuming the sale of HPL. Since this is clearly
on the horizon, we need to take a close look at opportunities for cost
savings and our estimated timing on those savings.  I will ask James by copy
of this memo to set up a meeting late this week to cover this.  I want to be
able to get back with Dave with more detailed estimates of cost savings.


This is an OK bill.  Not well drafted. It's also overly complicated and
proscriptive.

Deletes the offensive part of ABX 1.
It allows anybody to do whatever they want until June 1 (section 2 d)
On June 1,
  - res and small commercial customers can get in a cue and get DA up to the
# of MWs that are added through load growth. (Section 2 e)
  -- Larger customers would pay an exit fee. (section 2 f)
  -- DA customers would be a entrance fee to return to IOU service (Section 2
g)

There is also a confusing section (2 c) that says a retail customer is only
stuck with CDWR for the proportion of power that CDWR provides.  The way it
reads, if CDWR is providing 40% of the IOUs' power, the retail customer can
get DA for 60% of its load.  I doubt that will fly -- too difficult to keep
track of and ISO will oppose (only one scheduling coordinator/meter)

A conference call and meeting is scheduled with parties tomorrow on this
language.

Will keep you apprised.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/01/2001 04:28 PM -----

	Scott Govenar <sgovenar@govadv.com>
	03/01/2001 04:02 PM

		 To: Jim Steffes <james.d.steffes@enron.com>, "Harry.Kingerski@enron.com"
<Harry.Kingerski@enron.com>, Alan Comnes <acomnes@enron.com>, Leslie Lawner
<Leslie.Lawner@enron.com>, John Neslage <john.neslage@enron.com>, Susan J
Mara <smara@enron.com>
		 cc: Jeff Dasovich <jdasovic@enron.com>, Mike Day <MDay@GMSSR.com>, Sandra
McCubbin <Sandra.McCubbin@enron.com>
		 Subject: SBX 27

Attached, please find the proposed amendments to SBX 27 (Bowen) relating
to direct access.  There will be a direct access coalition conference
call tomorrow to discuss current events as well as the new language.

 - SB27Xlanguage.doc


Recognizing Enron,s increasing worldwide presence in the wholesale energy
business and the need to insure outstanding internal controls for all of our
risk management activities, regardless of location, a global risk management
operations function has been created under the direction of Sally W. Beck,
Vice President.  In this role, Sally will report to Rick Causey, Executive
Vice President and Chief Accounting Officer.

Sally,s responsibilities with regard to Global Risk Management Operations
will mirror those of other recently created Enron global functions.  In this
role, Sally will work closely with all Enron geographic regions and wholesale
companies to insure that each entity receives individualized regional support
while also focusing on the following global responsibilities:

1. Enhance communication among risk management operations professionals.
2. Assure the proliferation of best operational practices around the globe.
3. Facilitate the allocation of human resources.
4. Provide training for risk management operations personnel.
5. Coordinate user requirements for shared operational systems.
6. Oversee the creation of a global internal control audit plan for risk
management activities.
7. Establish procedures for opening new risk management operations offices
and create key benchmarks for measuring on-going risk controls.

Each regional operations team will continue its direct reporting relationship
within its business unit, and will collaborate with Sally in the delivery of
these critical items. The Houston-based risk management operations team under
Sue Frusco,s leadership, which currently supports risk management activities
for South America and Australia, will also report directly to Sally.

Sally retains her role as Vice President of  Energy Operations for Enron
North America, reporting to the ENA Office of the Chairman.  She has been in
her current role over Energy Operations since 1997, where she manages risk
consolidation and reporting, risk management administration, physical product
delivery, confirmations and cash management for ENA,s physical commodity
trading, energy derivatives trading and financial products trading.

Sally has been with Enron since 1992, when she joined the company as a
manager in Global Credit.  Prior to joining Enron,  Sally had four years
experience as a commercial banker and spent seven years as a registered
securities principal with a regional investment banking firm.  She also owned
and managed a retail business for several years.

Please join me in supporting Sally in this additional coordination role for
global risk management operations.


FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/16/2000 10:44 AM
---------------------------

Steve C Hall
10/16/2000 09:45 AM
To: Mary Hain/HOU/ECT@ECT
cc: Jeff Dasovich/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Susan J
Mara/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
steve.c.hall@enron.com, dwatkiss@bracepatt.com
Subject: Re: Update on Calif PX price cap/RELIANT INVESTIGATION

Some news from the weekend:

UTILITIES/ENERGY: Calif. officials investigating Reliant Energy's
 finances

 Los Angeles --- Reliant Energy is the subject of an investigation
 by California Attorney General Bill Lockyer on allegations of price
 gouging in the wholesale power market, Dow Jones News Service
 reported, citing sources working on the investigation. Dow Jones
 reported the attorney general is investigating how Reliant, a
 generation company, was able to boost its third-quarter net profit by
 25 percent to 30 percent above analysts' estimates compared with the
 same period in 1999, according to the company's earnings statement.
 The company has indicated that third-quarter earnings available for
 equity will top last year's figure by about $110 million. Reliant
 officials didn't comment on the matter.

[from last Saturday's Atlanta Journal and Constitution]

Mary Hain
10/13/2000 03:39 PM
To: Jeff Dasovich/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Susan J
Mara/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
steve.c.hall@enron.com, dwatkiss@bracepatt.com
cc:

Subject: Re: Update on Calif PX price cap

No but we found out what they want.  They don't really want all the other
stuff they asked for.  What they really want is our financial information
(profit and loss).

From: Jeff Dasovich@ENRON on 10/13/2000 11:58 AM CDT
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Re: Update on Calif PX price cap

Thanks, Mary.  Did the PUC accept our deal re: information from the subpoena?


Many of you have friends who are no longer with the company, so we wanted to provide you an overview of continuing efforts to assist Enron's former employees.

CAREER SERVICES
Last December Enron established a website to assist former employees identify jobs in Houston and throughout the United States.  Only former Enron employees and potential employers can access the site, http://careerservices.enron.com/

On this site, former employees can:
	? Post their resumes for approved employers to view
	? View job postings
	? Receive updates and information on career and community services available to them
As of January 25, 2002:
	? More than 1,300 companies had been approved to view resumes
	? Company recruiters had logged on more than 3,500 times to search for candidates
	? More than 600 jobs had been posted on the site

FINANCIAL ASSISTANCE
The Greater Houston Community Foundation
The Greater Houston Community Foundation (GHCF), in collaboration with the United Way of the Texas Gulf Coast, the Houston Area Urban League, Crisis Intervention of Houston, and Career and Recovery Resources, have established a fund to provide dedicated support for former Enron employees.  GHCF offers former employees counseling services and helps them work with mortgage companies, landlords and utilities to defer monthly bills while they are out of work.   If you are interested in making a tax-deductible donation to the GHCF, please call 713-268-6458 or mail donations to GHCF at 4550 Post Oak Place, Suite 317, Houston, TX  77027.  Checks should be made payable to Greater Houston Community Foundation and designated for the Enron Employee Transition Fund.  To receive assistance, former employees can call 713-533-4598, or outside Houston, 1-800-493-4598.  Lines are open 24 hours a day, seven days a week.

Enron Ex-Employee Relief Fund Account
A former employee has established the Enron Ex-Employee Relief Fund Account at the Humble Community Bank.  Visit the website at <http://www.eerfa.com> for more information or to make a donation.  Former employees can submit grant requests to eerfarequest@surfmk.com.

MDPC Transitional Assistance Program
Memorial Drive Presbyterian Church has created a Transitional Assistance Program open to both members and non-members who need assistance re-entering the workforce.  Right Management Consultants offers a series of two-day workshops for former employees on topics such as Career Assessment and Evaluation, Job Search Communication and Managing in a Time of Change.  Requests for limited and discretionary short-term financial assistance will be accepted from those who have participated in this program.  MDPC will offer a holistic approach to re-entering the workforce including family counseling and stress management. For more information, contact Memorial Drive Presbyterian Church at 713-953-2550, ext 180.


Background information.  I'd like to talk to Ken about making the call. . .
I'll see him at Exec comm today.
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/14/2000 08:54
AM ---------------------------

Richard Shapiro
08/10/2000 06:11 PM
To: Steven J Kean/HOU/EES@EES
cc: Chris Long/Corp/Enron@ENRON
Subject: CFTC Reauthorization

I agree w/ chris's recommendation- you too?
---------------------- Forwarded by Richard Shapiro/HOU/EES on 08/10/2000
06:10 PM ---------------------------

Chris Long@ENRON
08/10/2000 05:12 PM

To: Mark E Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES, Mark Taylor/HOU/ECT@ECT, Joe Hillings/Corp/Enron@ENRON,
Cynthia Sandherr/Corp/Enron@ENRON, Tom Briggs/NA/Enron@Enron
cc: raislerk@sullcrom.com, Allison Navin/Corp/Enron@ENRON
Subject: CFTC Reauthorization

At his request, I met Lee Sachs, Assistant Treasury Secretary, who had
requested the meeting after a brief conversation recently.  Lee said that
senior-level negotiations led by Secretary Summers were initiated last week
between the CFTC and SEC and that progress was being made on the single stock
futures issue (the major issue postponing movement of the legislation).

As you know, the House completed committee work on HR 4541 before it
recessed.  The bill will now is pending before the Rules Committee where
differences will be worked out between the three different Committee versions
(Agriculture, Commerce, and Banking).  The Senate Agriculture Committee
passed out the Senate version in July.  However, the bill is not moving
quickly in the Senate due to Senator Phil Gramm's desire to see significant
changes made to the legislation (not directly related to our energy
language). Last week at the Republican Convention, I asked the Senator about
the bill and he said they were working on it, but much needs to be changed
for his support.  More telling perhaps, were Wendy Gramm's comments that she
would rather the current bill die if a better bill can be passed next year.
What this means is that we must, at the least, remove Senator Gramm's
opposition to the bill to move the process and more importantly seek to gain
his support of the legislation.

Lee Sachs message was just that.  I told Lee that we shared his desire to
move the legislation as long as it contains a full exclusion for all
non-agriculture commodities (including metals).  He said that we would have a
difficult time defending the metals provision politically. But, Lee said  "we
would not find Treasury opposition to the House Commerce Committee language"
(which includes favourable language on energy and metals).   This is a
positive development, because it isolates the CFTC from its key defenders and
I hope ensures no veto threat on our issues.  However, I do not expect
Treasury to be vocal in support of our position.  It is clear that
Congressional leaders and the Administration want to get this bill done this
year and there remains a good opportunity for enactment.

However, with less than 20 or so legislative days left, we need Senator Gramm
to engage.  A call from Ken Lay in the next two weeks to Senator Gramm could
be an impetus for Gramm to move his staff to resolve the differences.  Gramm
needs to fully understand how helpful the bill is to Enron.  Let me know your
thoughts on this approach.   I am prepared to assist in coordinating the call
and drafting the talking points for a Ken Lay/Sen. Gramm call.


This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

In anticipation of our closing on the morning of Wednesday 25th April,
please find attached the following:

(a) a clean and blacklined copy of the GE Consent (reflecting changes to the
credit documentation and reflecting the acceleration of the Turbine Progress
Payment Schedule);
(b) a clean and blacklined copy of the GE legal opinion (reflecting changes
to the credit documentation); and
(c) a clean and blacklined copy of the GE letter agreement (reflecting
changes to the credit documentation).

A form of receipt of funds will follow.

Please contact me with any questions on 212 277 4025.

Regards
Isabel

 - NY003700961.DOC
 - NY003699615.DOC
 - NY003700033.DOC
 - COMPARE002.DOC
 - COMPARE003.DOC
 - COMPARE001.DOC


Thank you for the invitation.  Unfortunately Debbie and I will not be able to attend due to previous committments.

Mike_McConnell%ECT%ENRON@EOTT.COM@EOTT.COM on 05/02/2001 10:57:28 AM
Sent by:	Cathy_Phillips%ECT%ENRON@EOTT.COM
To:	Stan_Horton@eott.com
cc:

Subject:	JDF Gala

I would like to invite you and a guest to join me for the annual Juvenile
Diabetes Foundation Gala to be held on May 12, 2001 at the Westin Galleria.
The guest speaker this year will be General Norman Schwarzkof.

Please contact Cathy Phillips (X-36898) and let her know if you are
interested in attending.  Thank you.

Mike


Yesterday I was informed that there was a concern about the financial
stability of one of the reload facilities we currently use in the Chicago
area, Premier Reload Inc.  I met with Romney Ruder, Lumber trader, Roy
Lipsett, Logistics, and Mike Moscoso, Lumber business controller, this
morning to gather information and develop a plan.  This is summarized below.

General Information:

Premier is a facility we have been using for a few months, located in
Franklin Park within Chicago.  We deliver to the facility via railcar, and
ship out via truck.  We currently have about 3.8 million board feet, valued
at about $1 million, in the facility.  During the holidays, we began
experiencing problems with our railcars not being unloaded timely.  We have
been pressing for information, and are hearing rumors that have raised
significant concerns.  Although Enron has not received written notification,
we learned today that Premier notified customers that they would not be
taking in any more products.  Additionally, we have heard that the owner,
Jeff Leske, is closing the facility, and will be going to work for another
reload facility in Chicago, Reserve Marine Terminal (RMT).  We have been in
negotiations with RMT for a long term arrangement, and much of the
information we have obtained is through our contact there.  In fact, we have
diverted recent shipments to RMT.  There is a rumor that Premier and /or
Leske may declare bankruptcy.  There is a rumor that Premier has been
incurring "switching" fees with the railroad (IHB) and has not been paying
them.  There is a rumor that Premier has not been paying employment taxes and
there are problems with the IRS.  All in all, there are many rumors but very
few known facts.

Plan:

Met with Legal today to get advice.  They recommended moving the product
ASAP, but until moved, we needed to confirm the product was marked as "Enron"
product, and that it is stored separately from other product.  They are
drafting a contract to specify the arrangement with Premier.  It will be
ready tomorrow.
Met with Credit.  They are not a included in the reload selection process, so
the financial stability of the company has not been reviewed.  A D&B was
pulled today, and it confirms a lien filed by the IRS on 6/22/00 for
$86,128.  There is one suit pending by a trucking company in a nominal
amount, filed 1/13/00.  The company is owned 100% by Leske, and was started
in 1995.  Very little other information is available, and D&B did not assign
a PAYDEX score.
Mike Moscoso and Romney Ruder are going to the premises tomorrow to:  gather
financial information, intentions of the owner and the associated timeline,
substantiate the inventory, and get the contract signed that Legal is
drafting.  On Friday morning, Roy Lipsett will join them to meet with RMT,
discuss movement of the product and complete the negotiations.
Depending on the information gathered tomorrow, we will determine next
steps.  If we start moving the product to RMT, the estimated timeline is
about 13 to 14 days, moving 10 trucks per day (total truckloads = 135).
Estimated cost for the movement is about is $25,000.  Another $25,000 would
be incurred for unload fees at RMT if we can't get them to wave them.  About
half of the product has already been sold, and will be delivered over the
next 5 weeks.  Romney is working with customers to determine if they can take
the product earlier.

I will keep you informed as to the next events.  However, we need to take
immediate steps to put a policy and process in place for warehousing
facilities.  I have initiated weekly cross-functional staff meetings (Tax,
Legal, Credit, IT, Logistics, Fundemental Analysis, Accounting, etc.), and
our first meeting is scheduled for tomorrow.  I will have this on the agenda,
and will lead the effort to develop the process.

Please let me know if you have any questions.

Brenda
x35778


Attached is a revised draft of the Letter Agreement which has been
redlined to show the changes from ENA's last draft.  I am also attaching
an insert which such be substituted for Section 6.2(e) of the LLC
Agreement.

 - Redline.rtf
 - 5wn6w01_.DOC


What do you think about this?
----- Forwarded by Tana Jones/HOU/ECT on 01/10/2001 01:18 PM -----

	Karen Lambert
	01/10/2001 11:29 AM

		 To: Lisa Cousino/Enron Communications@Enron Communications
		 cc: Steve Venturatos/HOU/ECT@ECT, Amy Heffernan/Enron Communications@Enron
Communications, Molly Harris/HOU/ECT@ECT, Danny Clark/Enron
Communications@Enron Communications, Sheri Thomas/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Judy Thorne/Enron
Communications@Enron Communications, Kelly Lombardi/NA/Enron@Enron
		 Subject: Bandwidth Master Contracts

Attached below is a spreadsheet report of Bandwidth contracts in the Global
Contracts database.  As we agreed, the Bandwidth group either has or will set
up new EBS Contract numbers for each of these agreements, provide the new EBS
Contract number for EOL Reporting, and provide specific notations and
information regarding inactivation of the Global Contracts database records
so that we don't have 2 "master" numbers for any given contract.

I do not have edit access to Bandwidth contract records in Global and it is
my understanding that the Bandwidth group no longer uses Global -- therefore
none of us involved in this process will have appropriate security rights to
inactivate the Global database records.  I will request appropriate security
access to inactivate the records.  Then, when instructed via e-mail from a
member of the Bandwidth team, I will inactivate the Global Contract database
records.

Our agreement is that I will continue to report Bandwidth master contract
information to EOL until Profile Manager is in production -- with the
understanding from EOL that I cannot see the contract data reported for
Bandwidth masters contracts.