Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 10/17/00
Transaction Summary
External Transactions Today	3,197
Average Daily External Transactions (30 day Trailing Avg)	2,764
Total Life to Date Transactions	363,524

EnronOnline Daily % of Entity's Total Transactions for 	10/17/00
Enron North America	76%
Enron Europe Limited	39%
GLOBAL PRODUCTS	43%
Enron Metals	11%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	44%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,100,566,938
MTD	23,053,391,246
LTD	191,745,625,517
Average Daily Notional Value (30 Day Trailing Avg)	1,851,062,340

Notional Revenue from Physical Flows to Date	13,577,949,136

Counterparties, Users, and Products Offered
Counterparties having transacted to date	518
New Counterparties transacting for the first time today	5
Number of Products Offered Today	1,221
Total Number of External Users Logged on Today	2,876
Average # of External Users logged on (30 day Trailing Avg)	2,526


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:54 PM -----

	MBD <MDay@GMSSR.com>
	02/15/2001 01:20 PM

		 To: Alan.Comnes@enron.com, Chris.H.Foster@enron.com,
Christian.Yoder@enron.com, Christopher.F.Calger@enron.com,
Cynthia.Sandherr@enron.com, dleff@enron.com, David.W.Delainey@enron.com,
dbenevid@enron.com, dblack@enron.com, Elizabeth.Sager@enron.com,
etilney@enron.com, Eric.Thode@enron.com, gsavage@enron.com,
Greg.Wolfe@enron.com, Jeff.Dasovich@enron.com, Jeffrey.T.Hodge@enron.com,
JKLAUBER@LLGM.COM, Joe.Hartsoe@enron.com, John.J.Lavorato@enron.com,
John.Neslage@enron.com, jwhalan@enron.com, Kathryn.Corbally@enron.com,
Keith.Holst@enron.com, Kristin.Walsh@enron.com, Leslie.Lawner@enron.com,
Linda.Robertson@enron.com, Marcia.A.Linton@enron.com,
Margaret.Carson@enron.com, Mark.Palmer@enron.com, msunde@enron.com,
Mary.Hain@enron.com, Mary.Schoen@enron.com, MBD <MDay@GMSSR.com>,
Michael.Tribolet@enron.com, msmith1@enron.com, Mike.Grigsby@enron.com,
nbresnan@enron.com, Paul.Kaufman@enron.com, Phillip.K.Allen@enron.com,
Rebecca.W.Cantrell@enron.com, Richard.B.Sanders@enron.com,
Richard.Shapiro@enron.com, Rob.Bradley@enron.com, Robert.Badeer@enron.com,
Robert.C.Williams@enron.com, Robert.Frank@enron.com,
Robert.Johnston@enron.com, Sandra.McCubbin@enron.com, sstoness@enron.com,
Shelley.Corman@enron.com, Steve.C.Hall@enron.com, Steve.Walton@enron.com,
Steven.J.Kean@enron.com, Susan.J.Mara@enron.com, Tim.Belden@enron.com,
Tom.Briggs@enron.com, Travis.McCullough@enron.com, Vance.Meyer@enron.com,
vsharp@enron.com, William.S.Bradford@enron.com, "'Harry.Kingerski@enron.com'"
<Harry.Kingerski@enron.com>, James.D.Steffes@enron.com
		 cc: BTC <BCragg@GMSSR.com>, JMB <JBennett@GMSSR.com>, "'Scott Govenar, Enron
lobbyist'" <sgovenar@govadv.com>
		 Subject: Enron legislative package

Here are 4 of the five legislative proposals our office has been asked to
draft.  The only one missing is no. 4, the expedited generation siting
proposal, which will have to be worked on more as we have just received
extensive comments from ENA and outside counsel (McCutchen).  By separate
cover, I will send Jeff Dasovich the summary letter desribing the proposals.
If changes are required, please contact Brian Cragg of our office.
(bcragg@gmssr.com)

Thank you.

Mike Day

 <<PART5.DOC>>  <<PART3.DOC>>  <<PART2.DOC>>  <<PART1.DOC>>

 - PART5.DOC
 - PART3.DOC
 - PART2.DOC
 - PART1.DOC


Hi all,

Attached please find some "stragglers" that need to moved into the bankruptcy books.  These deals have also been added to the cumulative deal report saved on the O:\_Dropbox\Global Contracts - Estate Research (CYN'S)\Deals Reported to Risk (Phy) Master Cumulative List.xls.  Please let me know if you have any questions.

Thanks,
SBR x30569


1st Comments from Scott

We are missing:

Positive spin at front
Governor Davis is committed to solving the California energy crisis by:
Developing consumer driven solutions
Protecting customers from short term market aberrations
Continuing to expand the consumers ability to choose
We are missing thoughtful Orderly Process
Maintain 1890 in interim
All customers treated the same
Would replace "maintain a reliable distribution network" with "assure
investment community"
Assurances around forward purchases
Assurances around prudent purchases to keep lights
Assurances, if needed through increases, via tax refundable.
Maintain AB1890 until orderly process arrives with better solution
Would drop specifics arount rate increase.

More to come......


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/28/2000
09:17 AM ---------------------------

From:  Veronica Espinoza @ ENRON
               11/27/2000 10:17 AM

To: Debbie R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Andrew R
Conner/HOU/ECT@ECT, Genia FitzGerald/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT,
Kelly Lovvorn/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Kyle
Schultz/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT,
Christian Yoder/HOU/ECT@ECT, Donald M- ECT Origination Black/HOU/ECT@ECT,
Winston Cheng/SF/ECT@ECT, Paul Choi/SF/ECT@ECT, David L Fairley/HOU/ECT@ECT,
Mike J Miller/HOU/ECT@ECT, Patrice L Mims/HOU/ECT@ECT, Steve
Neal/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Charles H Otto/HOU/ECT@ECT,
Lee L Papayoti/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Susan W
Pereira/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Bo Petersen/LON/ECT@ECT,
Sylvia S Pollan/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Daniel
Reck/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT,
Andrea Ring/HOU/ECT@ECT, Suzy Robey/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,
Steve HPL Schneider/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Hunter S
Shively/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT,
Jefferson D Sorenson/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Lauri A
Allen/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Thresa A Allen/HOU/ECT@ECT,
John Arnold/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Sandra F
Brawner/HOU/ECT@ECT, Greg Brazaitis/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT,
Gary Bryan/HOU/ECT@ECT, Cary M Carrabine/HOU/ECT@ECT, Larry G
Cash/HOU/ECT@ECT, Brad Coleman/HOU/ECT@ECT, Angie Collins/HOU/ECT@ECT, Robert
Cotten/HOU/ECT@ECT, Dana Davis/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Tom
Donohoe/HOU/ECT@ECT, James I Ducote/HOU/ECT@ECT, Michael
Etringer/HOU/ECT@ECT, David L Fairley/HOU/ECT@ECT, Chris H
Foster/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Julie
A Gomez/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Lance Halgren/HOU/ECT@ECT,
Nicole Cortez/DEN/ECT@Enron, Thomas A Martin/HOU/ECT@ECT, Greg
McClendon/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT,
Jung-Suk Suh/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Fred
Lagrasta/HOU/ECT@ECT, Janelle Scheuer/HOU/ECT@ECT, George N
Gilbert/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron,
Joseph Graham/HOU/EES@EES, Lisa Mellencamp/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT,
Steve Van Hooser/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Mary
Cook/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Sandi M
Braband/HOU/ECT@ECT, Ann Elizabeth White/HOU/ECT@ECT, Robert
Walker/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT, Kimberlee A Bennick/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Nathan L Hlavaty/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT,
Donald P Reinhardt/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Dick
Jenkins/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Gary W
Lamphier/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect,
Peter F Keavey/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Adam Gross/HOU/ECT@ECT,
Marc Horowitz/HOU/ECT@ECT, Andrew H Lewis/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT, Sarah
Mulholland/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Barend
VanderHorst/HOU/EES@EES, James R Barker/HOU/EES@EES, Matthew B
Fleming/HOU/EES@EES, Marde L Driscoll/HOU/EES@EES, Timothy L Ray/HOU/EES@EES,
Monica Roberts/HOU/EES@EES, James Shirley/HOU/EES@EES, Sunil
Dalal/Corp/Enron@ENRON, Stacy E Dickson/HOU/ECT@ECT, Linda J
Ewing/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT, Tammi
DePaolis/Corp/Enron@ENRON, John Grass/Corp/Enron@ENRON, Joanie H
Ngo/HOU/ECT@ECT, Kyle R Lilly/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Kristen J
Hanson/HOU/ECT@ECT, Katherine Herrera/Corp/Enron@ENRON, Linda J
Ewing/HOU/ECT@ECT, Kevin Bosse/HOU/ECT@ECT, William Stuart/HOU/ECT@ECT,
Isabel Y Resendez/HOU/ECT@ECT, David W Eubanks/HOU/ECT@ECT, Drew
Hill/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Martin O'Leary/HOU/EES@EES, Souad
Mahmassani/Corp/Enron@ENRON, John M Singer/Corp/Enron@ENRON, Jay
Knoblauh/HOU/ECT@ECT, Ned Higgins/HOU/ECT@ECT, Brad Horn/HOU/ECT@ECT, Robert
Shiring/HOU/ECT@ECT, Gregory Schockling/Corp/Enron@ENRON, Dan
McCairns/Corp/Enron@ENRON, Ragan Bond/Corp/Enron@ENRON, Ina
Rangel/HOU/ECT@ECT, Andrew Greer/NA/Enron@Enron, George Hope/HOU/ECT@ECT,
Daniel Diamond/HOU/ECT@ECT, Teresa Mandola/Corp/Enron@Enron, Andrea
Hauser/NA/Enron@Enron, Justin Rostant/HOU/ECT@ECT, Beth Cowan/NA/Enron@Enron,
Lisa Gillette/HOU/ECT@ECT, Homer Lin/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT,
Bryan Hull/HOU/ECT@ECT, Bill Kyle/NA/Enron@Enron, Gerald Lofton/HOU/ECT@ECT,
Cheryl Lantz Marshall/HOU/ECT@ECT, Jack Simunek/HOU/ECT@ECT, Candace L
Bywaters/HOU/ECT@ECT, Kenneth W Kaase/HOU/ECT@ECT, Ron
Green/Corp/Enron@Enron, Jennifer Blay/HOU/ECT@ECT, Audrey Cook/HOU/ECT@ECT,
Teresa Seibel/NA/Enron@ENRON, Dennis Benevides/HOU/EES@EES, Tracy
Ngo/PDX/ECT@ECT, Christy Sweeney/HOU/ECT@ECT, JoAnne Harris/NA/Enron@Enron,
rmservices@Enron, Timothy J Hamilton/HOU/EES@EES, Monica Roberts/HOU/EES@EES,
James Shirley/HOU/EES@EES, Matthew B Fleming/HOU/EES@EES, Todd W
Lambert/HOU/EES@EES, Morgan Babin/HOU/EES@EES, Paul Tate/HOU/EES@EES, Marde L
Driscoll/HOU/EES@EES, Laura R Arnold/HOU/EES@EES, Jay Blaine/HOU/EES@EES,
Zarin Imam/HOU/EES@EES, Jesus Guerra/HOU/EES@EES, Alain Diza/HOU/EES@EES,
Sharon Hausinger/HOU/EES@EES, Jeff Coates/HOU/EES@EES, Christina
Bangle/HOU/EES@EES, Rhonda Smith/HOU/EES@EES, Amanda Boettcher/HOU/EES@EES,
Tom Moran/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT
cc:
Subject: Credit Watch List--11/27/00

          Attached is a newly revised Credit Watch listing.  If there are any
personnel in your group that were not included in this distribution, please
insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at x5-7095, or Brant Reves at x3-9897.


Hi,

Please see the attached offer letter.  Talk with you soon.

Thanks


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   2.5%  0.15%  3.75%  4.5%  1.75-2.75%       [IMAGE] 	 [IMAGE]  USD Slips On Sagging Confidence Ahead Of This Week's Data  October 29, 7:00 AM: EUR/$..0.89811 $/JPY..122.27 GBP/$..1.4457 $/CHF..1.6385  USD Slips On Sagging Confidence Ahead Of This Week's Data by Jes Black  At 2:00 PM US Sept Fed Budget (exp 27.1 bln, prev  79.9)  Confidence in the dollar started to slip away last Thursday as investors braced for a potentially poor round of economic data this week. It all starts with consumer confidence on Tuesday and ends with the October jobs report on Friday. But USD saw more than a little profit taking in the European session on Monday as traders squared positions ahead of the storm.  EUR/USD rose to a one-week high of 89.92, just lacking the momentum to get it over the 92-cent mark. The other European majors rose in tandem, climbing to respective one-week highs of $1.4479 against the pound and 1.6411 Swiss francs to the dollar. Sterling also benefited from speculation of M&A-related inflows. News that U.S. finance house Babcock & Brown may bid for British rail network operator Railtrack and a weekend newspaper report that German media giant Bertelsmann was eyeing Britain's Carlton Communications added to sterling's appeal, after better than expected GDP data last week. But more surprisingly was the yen's resilience in the face of a further downgrade by the Bank of Japan and their decision to not try and help the economy with more easy monetary policy. USD/JPY fell to a session low of 122.13, but regained key support around 122.25 later in the European session.  Given the past two week's of optimism in the face of weak earnings reports, US economic data this week will give a better clue as to how severe the downturn will be. Most forecasts are expected to show sharp declines and confirm the US edged closer to recession after the September 11 attacks on the United States. Final October releases include the Conference Board's confidence survey, Chicago PMI, NAPM, the Labor report, this week's jobless claims and the key Q3 GDP preliminary report. This will be the most widely watched release because if the Q3 GDP figure proves to be worse than the negative 0.9% expected, it will have a doubly harsh effect on USD as traders also anticipate a larger decline in the October Labor report.   In contrast, half the Eurozone nations will be on holiday this Thursday, which will lead to thin markets and high volatility with the bulk of US data due on Wednesday and Thursday. Therefore, downside risks to USD are enhanced, with only UK and Eurozone PMI data to weigh on the euro and pound this week. Comments from ECB member and Bundesbank president Welteke echoed the ECB's recent assessment by saying the central bank would  cut rates if it could do so without hurting price stability. Welteke also saw Eurozone economic growth significantly below potential at the present and that a return to long term growth of 2.5% will be delayed. But, expansionary effects of this years interest rate cuts are still in pipeline, he said.  Meanwhile, Q3 company earnings reports will continue to play an important role in this week's US stock market and therefore the dollar. So far, over 3/4 of the companies reporting matched or exceeded projected earnings targets, albeit for drastically lower forecasts. A majority of companies are reporting after the bell and given this week's upcoming data, trade is likely to be thin ahead going into Wednesday. Both Dow and Nasdaq futures are in negative territory.  Today's bleak economic and inflation outlook in Japan also failed to spur investors to go long the dollar against the yen. USD  was unable to benefit from the Bank of Japan's decision to keep monetary policy unchanged despite their forecast of a deteriorating economy and rising deflationary concerns. The BoJ's decision to hold interest rates near zero (ZIRP) and maintain a floor of 6 trillion yen in reserves did not impress FX markets.   But inaction was expected and offers to sell USD above 122.50 capped any dollar gains. Dealers say failure to extend gains beyond 123 level indicates that a minor top has been formed around last week's two-month high of 123.35. USD/JPY support seen at 122.30/40, and a break of 122.25/30 opens the way for a breach of the key 122.00 level, from which point most traders based their new long positions and where stop loss orders are likely to be placed. USD/JPY now hovering around 122.30.  The BoJ also offered a sharp downward revision in its own economic growth and price outlooks for fiscal 2001 and 2002, saying the economy was in a "severe" adjustment phase. The Bank expects a further fall in exports and output to affect domestic demand in the second half of this fiscal year and not reach a bottom until the second half of FY02/03. After that, the bank expects exports to recover, but sees prices on continued, gradual declining trend in FY01/02, and FY02/03. The BoJ board's full outlook for FY01/02 GDP ranged from -1.6% to -0.6%. FY01/02 CPI ranged from -1.3% to -0.9%. However, the bank's own figures are not seen as making any difference in monetary policy because BoJ Governor Hayami sees structural reform as the key to growth, not more money.  In other news, Finance Minister Shiokawa said the government will still aim for the 30 trillion JGB cap, but should remain flexible to unforeseen changes in economic environment. But worrying markets is what those "unforeseen changes" might be. If that includes today's downward revision to growth and inflation, then markets will be very disappointed with the new Koizumi government's promise of reform. Any violation of this key reform is likely to push the yen lower.  Shiokawa also said standards should be set for banks to foreclose on borrowers with excessive debts. "There are companies that are borrowing from banks that haven't paid any dividends to shareholders for some years, whose debts have been forgiven, but are still unable to recover. Banks should be able to foreclose on such firms," he said. "There should be a set of standards that makes it easier for banks to do so. That would be one way of resolving bad loans." The Financial Services Agency has been leading efforts to resolve the massive bad loans at banks as part of the government's plans to restructure the country's financial system but so far has made little headway.  	[IMAGE] Audio Mkt. Analysis GBP Ralies, JPY Falters       Articles & Ideas  Speculative Flows Point to Further Euro Losses   ECB KEEPS RATES UNCHANGED AT 3.75%       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
		[IMAGE][IMAGE] [IMAGE][IMAGE]
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-----Original Message-----
From: Heizenrader, Tim
Sent: Tuesday, September 25, 2001 1:33 PM
To: Lavorato, John; Allen, Phillip K.; Grigsby, Mike; Zufferli, John
Cc: Belden, Tim; Swerzbin, Mike; Richey, Cooper
Subject: Western Briefing Charts
Importance: High

Charts for today's presentation are attached:


Please enter your own free agents

W. Walls  101  Friedman
D. Ward  7  Taylor
T. Green  5  Morris
T. Banks  45  Kaz
M. Anderson  45  Kaz
R. Chancey  9  Taylor
C. Conway  0  Kaz
Minn K (bye replace) 0  Kaz
Clev D (bye replace) 0  Kaz
Detr K   11  Taylor
N.O. Def  3  Taylor
J. McNight  11  Lamphier


----- Forwarded by Richard B Sanders/HOU/ECT on 11/06/2000 04:04 PM -----

	Karen Denne@ENRON
	10/31/2000 06:46 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Ann M Schmidt/Corp/Enron@ENRON
		 Subject: Agreement

Richard -- Please disregard the email sent by Ann Schmidt.  This is the
correct agreement for PR services with Marathon Communication I referenced in
my voicemail.  We'd like to begin using Marathon Nov. 1.  Thanks, Richard!

Karen
x39757
---------------------- Forwarded by Karen Denne/Corp/Enron on 10/31/2000
06:37 PM ---------------------------

"John Graham" <JGraham@marathon-com.com> on 10/30/2000 06:08:36 PM
Please respond to "John Graham" <JGraham@marathon-com.com>
To: <kdenne@enron.com>
cc: "Joan Kradin"@marathon-com.com

Subject: Agreement

 - Enron.PDF


Mark, I mentioned this problem several weeks ago.  Did you ever respond to
Willie's most recent inquiry?  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/10/99 09:06
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Willie Harrell                           05/07/99 05:44 PM

To: Mark - ECT Legal Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Carol
St Clair/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Jefferson D
Sorenson/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT,
Mark D Thorne/HOU/ECT@ECT
cc:
Subject: Confirmation Attachments

To  maintain  a  more  accurate  record  of  deal  statuses,  I  have  been
instructed  by  my  manager,  Jeff Sorenson  to
  have  the  Confirm  Center  to  execute  Ominibus  confirmations  returned
to  us  without  the  attachments, (mainly  the
  Annex  A).  These  deals  have  all  been  matched-up  and  signed
satisfactorily  by  the  counterparties,  except  that
  the  attachments  were  not  returned  with  the  executed  confirmations.
Legal  will  continue  to    address  this  issue
  until  resolved,  when  time  permits,  for  my  request  for  a  letter
of  approval  of  a  new  policy  making  the  return  of
  most  common  attachments  unnecessary.  However,  unless  otherwise
instructed ,  we    will    be    executing    these
  confirms  without  the  attachments  effective  immediately  5/9/99.

  PS:  I  will  be  out  on  Monday  and  Friday,  5/10/99  and  5/14/99;
please  contact  Mary  Gosnell  @  3-1727  or
           Jefferson D Sorenson  @  3-5294   with  any   questions  or
comments.  Thanks!

  Willie  Harrell  (3-9226)