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HotToday: Futures - http://ctsTrader.com

______June the 7th, 2001__________
-------------------------------------------------------
CTS HOT TODAY: FUTURES
By Nick Van Nice
-------------------------------------------------------
_________Volume 3, Number 112___________

Good morning everyone, the purpose of CTS Hot Today: Futures
is to help you prepare for the trading day ahead.
--------------------------------------------------------
Nick's Trading Tip of the Day (06/07)
--------------------------------------------------------

"Patience Pays"

One of the most important lessons I have learned in trading
is that of being patient. Sometimes being patient means stalking a
market opportunity for several weeks waiting for a breakout or
special criteria to be met. Other times, patience means letting a stop
order work instead of running prematurely. Other times, it means
sitting on your hands with open positions and letting your profits run.

As many of you know, I've been probing the short side
of the British Pound for the last three months. Finally, all the
patience and attention to detail is paying off. We are
short a full British Pound contract from 142.50 in the CTS Bond and
currency trader and long July 140 put in the CTS Universe Trader.

It would have been easy for me to stop trading it after a couple losses
in a row and move onto greener pastures. However, the conviction
I have in our method combined with the extraordinary potential of currency
markets at multi-year lows, I patiently stayed on point.

Exercise patience in all aspects of trading and I'll see you in the
winners circle.

N

P.S. If you like my daily tips here, you will also find the
Daily Q&A feature at ctsTrader.com helpful. I address commonly asked
questions with full detailed answers that you will find very educational.
I use full color graphics and highlight many trading signals relative to
entry,
exit and stop placement.

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Now is the time. These markets are very favorable for quick
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Please Note: Please allow 3-6 weeks for delivery. Futures
and futures options trading, stock and stock options trading
is speculative and involves substantial risk of loss. No
liability is assumed with respect to the use of the information
contained in this package. There is a risk of loss in
commodity, commodity option, stock, and stock option
trading. All investments carry risk and all trading decisions
of an individual remain the responsibility of that individual.
There is no guarantee that systems, indicators, or trading
signals will result in profits or that they will not result in
losses. All traders are advised to fully understand all
risks associated with any kind of trading they choose to do.

------------------------------------------------------
Key Technical Developments (close of 06/06)
-------------------------------------------------------
The June British pound closed decisively below the 20-year low at
139.06. I have a short term target at 137.05, with my long term target
remaining at 125! Could be the move of the year!

December Euro's are beginning to gain on September as they registered
a new contract high close. Another 10-15 point rally is expected near
term.

Action in the beans looks very constructive. The seasonal should
continue to exert itself into the week ending before July 4th.

-------------------------------------------------------
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The EDUCATION menu includes some HOT features designed to teach
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------------------------------------------------------
Traders'Key Report Calendar
------------------------------------------------------
Thursday, June the 7th
April consumer credit - est 8.5 bil

Friday, June the 8th
No majors
_____________________________________________

I hope you found today's message helpful.

Your partner in futures trading,

Nick Van Nice

P.S. E-mail me your comments to:
nvannice@ctsinternet.com
-------------------------------------------------------
House Keeping Notes
-------------------------------------------------------
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___________________###_______________________
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DISCLAIMER: Past performance is not indicative of
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should be viewed in an educational light. Use the
concepts and trade suggestions to help stimulate
prudent decision-making ideas. As with all
speculation, there is risk of loss. It is up to
each individual to determine his or her own
financial suitability. Any mention to profits relate to
hypothetical profits and may not accurately reflect
the slippage and commissions in the real market.
Trading futures is highly risky and should only be
done after seeking the services of a registered series
3 broker or Certified Financial Planner. Use this information
at your own risk.

Please refer a friend who might enjoy this FREE resource.
We welcome new members.

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Hi Tana,
Profile Manager is pending your approval for Seminole Electric Cooperative, Inc.  Customer is calling regarding status of his application. ( He applied 4-23-01 )
Call me if you have any questions.

Thank you,
Claudia


This is the latest draft that I have of the matrix.  John has seen this
version; I am not certain if he has seen any updates.

Please let me know the outcome of your conversation with Fernley - I am
somewhat discouraged by John's remarks and would like to get any
misconceptions cleared up as soon as possible (whether I assume a position in
London or not).


I'll certainly take them if nobody else does.

	Janette Elbertson
	03/28/2001 05:10 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT
		 cc:
		 Subject: Rockets Vs. Phoenix Suns - Thursday, March 29, 2001

Mark Haedicke has four tickets to the Rockets Vs. Phoenix game.  The tickets
will be given away on a first-come, first-served basis.  Please reply by
e-mail.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


One more thing on the SDEC project:  According to the option agreement we executed last October, we agreed to reimburse Certosa Holdings for actual third party costs that they incurred in support of our necessary applications, submittals and in seeking local approval.  Several weeks ago, we recieved an invoice from Shutts & Bowen, attorney for Certosa Holdings requesting reimbursement pursuant to the contract.  I forwarded this invoice on th Ann Elizabeth not necessarily to pay for but to review considering this whole soft cost hard cost discussion.  I recieved another call this morning from Shutts & Bowen asking about the invoice.  What should I do?
 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, May 23, 2001 11:03 AM
To:	Krause, Greg
Subject:	RE: AEW's backup

Greg,

You can call me on whatever you have, including Midway, SDEC and Medley Dunn.  If I have a problem getting to something, I'll find help.

Kay

From:	Greg Krause/ENRON@enronXgate on 05/23/2001 10:50 AM
To:	Kay Mann/Corp/Enron@Enron
cc:

Subject:	RE: AEW's backup

Kay,

Ann Elizabeth did not provide a designated hitter for the South Dade Energy Center (Dade Development Company LLC is Optionee, Certosa Holdings is Optionor) nor did she provide one for tne Medley Dunn project.  I have been told that the Dunns are considering backing off their ultimatums that they gave Ann Elizabeth and I regarding taxes to the town and assumption of enviromental liability.  Who do I talk to about the Dunn contract while Ann Elizabeth is out?
 -----Original Message-----
From: 	White, Ann Elizabeth
Sent:	Tuesday, May 22, 2001 10:33 PM
To:	gkrause@enron.com; Krimsky, Steven; Ben Jacoby/HOU/ECT@ENRON; Carnahan, Kathleen
Cc:	Milligan, Taffy
Subject:	AEW's backup

Kay Mann is the designated hitter for the Pompano and Deerfied projects while I'm on vacation.  I've given her a down load of the status of Greg and Steve's projects.  Chris Boehler at A&K will be the designated hitter for Midway.  I'm not going to check my voice mail while I'm gone but, if necessary, here are the contact numbers while I'm gone.

Walter and Marlena Schilling		011-49-8218-89351	schilling.jun@freenet.de

Monika and Bernhard Steinacher	011-49-8232-8932	m.steinacher@schwabmuenchen.de

If you call, Walter and Bernhard and Bernhard's daughter, Susanne, speak very good English.  Monika's isn't bad.  Marlena may get flustered and hang up on you.

Best of luck at Deerfield and hope to see Pompano on track when I get back in the office on June 11th.  Kay is planning on going to Florida on June 12 for the moratorium hearing and the rezoning hearing.


Carlos,

Please email the document to me when it is done.

Thanks,  Kay

From: Carlos Sole@ENRON_DEVELOPMENT on 12/22/2000 04:34 PM
To: Kay Mann/Corp/Enron@ENRON, Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Signature Page

Kathleen, the signature pages are for a CLOSING NEXT FRIDAY, December 28 in
Washington DC.  The pages are for a Consent to an Assignment of a completed
EPC contract involving a special purpose company of Tampa Electric Company
("TECO").  ECT's role was to purchase the turbines and NEPCO did the work.
The work has been completed but is still in the warranty phase and thus the
banks want this assignment agreement so that can also enjoy the warranty
rights.  The document is complex because the financing structure is complex
(there is prior existing senior debt, new subordinated debt and a sale and
lease back structure.)  My understanding is that Janet Dietrich did the
original transaction.  If you want a copy of the Consent Agreement as
modified, please call Angie and she will fax it to you.  Also, you can leave
me a voicemail if you want me to debrief someone on the project.  In
addition, you can tell people that Jason Peters of Andrews & Kurth also
helped in the review and editing of the contract.  If you want to call him
directly he can describe the deal to you (he indicated that he has worked
with you.)  Lastly, you will need to fax an executed copy of the agreement to
Babak Hoghooghi of the Washington, DC office of Skadden Arps and will need to
federal express the originals to him as well.  I am giving him your name as
his contact at ENA.  I have already sent him the NEPCO signed pages.  Thanks
and happy new year.  Lastly, leave me a voicemail at work if you need to
reach as I will check it on Wednesday.

Babak Hoghooghi
Skadden, Arps, Slate, Meagher & Flom
1440 New York Avenue, N.W.
Washington, DC 20005
Ph No:   (202)371-7605
Fax No:  (202)393-5760
Email:     bhoghoog@skadden.com

	Kay Mann@ENRON
	12/22/2000 04:04 PM

		 To: Carlos Sole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Re: Signature Page

Kathleen,

I will initial and leave these in my office in a file folder with your name.
Carlos has my proxy on the consent.

I'm also leaving you with a couple of original CA's for Fred.  He was going
to email them to the other side for comment, so HANG ON to the pages I signed.

Thanks,

Kay

From: Carlos Sole@ENRON_DEVELOPMENT on 12/22/2000 12:55 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Signature Page

Ignore earlier version, ECT no longer exists so there is a change in the
signature block to read ENA Corp. f/k/a ECT

PS Michelle checked in her voicemails and shot me back a positive one in
response to the one that I left on Tuesday (ie, there's interest and we need
to find the right fit.)


Return Receipt

 Your
 document:

 was received Kelley Doolan/ST/FIS
 by:

 at:          03:19:37 PM Today


It's fine with me.

	Mary Clark
	09/27/2000 11:23 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Update -- Project 100

Steve, our theme for the stock celebration is "Oh, The Places You'll Go,"
which is the title of a Dr. Seuss book.  Everyone on the team loves this idea
because the messages in the book represent Enron thinking and culture.  In
case, you aren't familiar with the book, Beth Tilney has a copy.  Our plan is
to give every employee a book, which will have a note of appreciation on the
inside cover from Ken, Jeff and Joe.  We are contacting Random House (who
will contact the Seuss estate) to see if we can purchase 20,000 copies and to
get permission to use some of the copy in our internal communication
materials. The per unit cost is considerably lower due to the volume.

We think employees will like this idea.  What do you think?

Mary


Sorry about that before.  I'll not say anything.

Best

Jeff

	"Scott A. Kushnick" <skush@swbell.net>
	01/26/2001 12:48 PM

		 To: jshankm@enron.com
		 cc:
		 Subject: favor

Please don't mention my NY trip to anyone.

Keep in touch.

Scott


The report named: West Power Desk Daily Price Report <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=25&report_name=West+Power+Desk+Daily+Price+Report&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=10/23/2001>, published as of 10/23/2001 is now available for viewing on the website.


You have received this email because the requester specified you as their
Manager. Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000014508&Page=
Approval to review and act upon this request.

Request ID          : 000000000014508
Request Create Date : 1/19/01 10:15:44 AM
Requested For       : bilal.bajwa@enron.com
Resource Name       : EOL US Backoffice  Stack Manager
Resource Type       : Applications


Senate approves Edison rescue deal, Assembly measure stalled
By Jennifer Coleman
Associated Press Writer
SACRAMENTO (AP) -- The state Senate approved a bill that significantly alters the plan negotiated by Gov. Gray Davis to help the struggling utility Southern California Edison.
The bill approved Friday, authored by Democratic Sens. Richard Polanco and Byron Sher, lets Edison issue $2.5 billion in revenue bonds to pay debts amassed when prices for wholesale electricity reached record-high levels in the last year.
"I believe it's a measure that gets us to the goal of getting the state out of the business of buying electricity ... and to bring this entity to creditworthiness," said Polanco, D-Los Angeles.
Approved 22-17, the bill now goes to the Assembly. The Assembly adjourned Friday night without voting on a similar measure.
The Polanco-Sher plan shifts the burden of repaying the bonds to commercial and industrial power users and has been opposed by business interests and by Edison, which says it won't help the company escape bankruptcy.
Davis' plan, announced in April, offers Edison $2.76 billion for its transmission system and lets it sell revenue bonds to repay the rest of its estimated $3.5 billion worth of debt generated when it had to pay skyrocketing wholesale power prices.
Under the plan by Polanco, and Sher, of Stanford, the state has a five-year option to buy Edison's grid.
That, said Republican Sen. Ross Johnson of Irvine, gives Edison a bailout it "neither needs nor deserves.
"I am tired of this projection of Edison as a victim. They have their legion of lobbyists here telling us ad nauseam that they didn't support deregulation," Johnson said during floor debate. "The idea of Edison as the victim goes down in the annals of real whoppers. Edison paid their lobbyists bonuses for the successful passage of deregulation."
During the 1995-1996 deliberations that led to deregulation, Edison officials helped create the current system in meetings with business interests and then-Gov. Pete Wilson, a Republican.
Lawmakers are set to go on summer break Friday night until Aug. 20, a schedule that conflicts with the deadline in the Memorandum of Understanding between Davis and Edison. That says the Legislature must approve the deal by Aug. 15.
"It's a firm deadline, which means this issue has to be fully resolved prior to the end of the legislative recess," Davis said Friday.
For that to happen, either the Senate bill or a proposal by Assembly Speaker Robert Hertzberg, D-Van Nuys, and Assemblyman Fred Keeley, D-Boulder Creek, has to reach Davis.
"I have problems with both bills," Davis said. "I am heartened by the fact that there's a bill moving in each house."
The Keeley-Hertzberg plan trims at least $300 million from the governor's offer. It also allows Edison to issue the bonds, which would be repaid by Edison ratepayers over 10 years.
The plan also attempts to increase the state's use of "green" energy resources and allow Edison customers to opt for cheaper direct-access energy service.
The Assembly didn't vote on the Keeley bill Friday, because Hertzberg is considering forming a working group with the Senate and the administration to "iron out the bills' differences," said Hertzberg's spokesman Paul Hefner.
Davis said he wanted any working group to continue working over the summer break to devise a compromise by the Aug. 15 deadline.
"I don't want people to go out fishing for 30 days and come back and worry about it on Aug. 20 because I know we're going to have reapportionment and other major issues to deal with in that last month," the governor said.

On the Net:
Read the bills, AB82xx by Keeley and SB78xx by Polanco, at http://www.leginfo.ca.gov
Read the governor's Memorandum of Understanding at


I fixed the volumes on deals 456638 and 456630 for the 31st.  Please take all
other volumes on these deals to 0.  Thanks


I am very excited about my trip to London.  For one thing I get to visit
Emily, but at this point more importantly I don't have to think about work
for 6 days straight.  You guys are going to have a great trip to China and I
say if you find a rug that you really like (i.e. you're not just getting one
because you think you should) you should definitely get it.  Just think what
a great conversation piece it would make over the years.

And don't worry about my appetite for travel getting spoiled...that is
impossible.  I can't wait to see you guys.  I think that you being in Korea
and Emily being in London has made this whole Ted situation that much harder
to deal with.  I've realized how much I appreciate y'alls insights now that
they aren't as easy to get.

Love ya,
Susan


Did you get the PSNC invoice?  Can I throw mine away now?


Attached is a revised draft of the Schedule to the ISDA Master Agreement to
be entered into between Enron Corp. and ENA CLO I Holding Company I L.P.
For your convenience, I have attached a marked and an unmarked copy.

> Alicia L. Curry
> Vinson & Elkins L.L.P.
> 2300 First City Tower
> 1001 Fannin Street
> Houston, Texas 77002-6760
> Phone:  713-758-4428
> Fax:  713-615-5688
> (Licensed in New York only)
>
>
>
>
> +++++++++++++++++++++++
> CONFIDENTIALITY NOTICE
> +++++++++++++++++++++++
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> This email is intended to be reviewed by only the individual or
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> immediately notify the sender by return email and delete this email
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>
PRIVILEGED AND CONFIDENTIAL:
Contains attorney-client communications and/or attorney work product.

 <<Compare.DOC>>  <<Schedule to ISDA Master:  Enron Corp. and Holding I -
Put Option.DOC>>

 - Compare.DOC
 -   Enron Corp. and Holding I - Put Option.DOC


My survey.

Outlook Migration Team
05/14/2001 01:26 PM
To:	V Charles Weldon/HOU/ECT@ECT, Ed McMichael/HOU/ECT@ECT, Eric Boyt/Corp/Enron@Enron, Eric Moon/HOU/ECT@ECT, Geraldine Irvine/HOU/ECT@ECT, Jin Guo/HOU/ECT@ECT, Louis Dicarlo/NA/Enron@ENRON, Maria Garza/HOU/ECT@ECT, Mark Breese/HOU/ECT@ECT, Sandy Olitsky/HOU/ECT@ECT, Santiago Garcia/NA/Enron@Enron, Steven Curlee/Corp/Enron@Enron, Alexandra Villarreal/NA/Enron@ENRON, Andrea Ring/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Eric Thode/Corp/Enron@ENRON, Jennifer Walker/NA/Enron@Enron, Judy Townsend/HOU/ECT@ECT, Kathie Grabstald/HOU/ECT@ECT, Kimberly Bates/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Peter F Keavey/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Scott Neal/HOU/ECT@ECT, Sean Boyle/Corp/Enron@ENRON, Susan W Pereira/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT, Vladi Pimenov/NA/Enron@Enron, Craig Taylor/HOU/ECT@ECT, David Jones/NA/Enron@ENRON, Frank W Vickers/NA/Enron@Enron, Gil Muhl/Corp/Enron@ENRON, John Hodge/Corp/Enron@ENRON, Maureen Smith/HOU/ECT@ECT, Nelson Ferries/Corp/Enron@ENRON, Phil DeMoes/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Tammi DePaolis/Corp/Enron@ENRON, Daniel Lisk/NA/Enron@Enron, Hillary Mack/Corp/Enron@Enron, Jan Sutherland/NA/Enron@ENRON, Jason Wolfe/NA/Enron@ENRON, Shannon Groenewold/ENRON@enronXgate, Shelly Mendel/NA/Enron@ENRON, Stacey J Brewer/HOU/ECT@ECT, Suzanne Christiansen/HOU/ECT@ECT, Ted Evans/NA/Enron@ENRON, Dina Snow/Corp/Enron@Enron, Kay Young/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Vineet Arora/NA/Enron@ENRON, Beth A Ryan/HOU/ECT@ECT, Bill Berkeland/Corp/Enron@Enron, David A Terlip/Corp/Enron@Enron, Doug Leach/HOU/ECT@ECT, Marc De La Roche/HOU/ECT@ECT, Randal Maffett/HOU/ECT@ECT, Tushar Dhruv/Corp/Enron@Enron, Yolanda Cordova-Gilbert/HOU/ECT@ECT, Amy Villasenor/OTS/Enron@Enron, Debra Young/OTS/Enron@Enron, Jeff Arnold/OTS/Enron@ENRON, John Reese/FGT/Enron@ENRON, Josh Mayes/OTS/Enron@Enron, Larry Fenstad/OTS/Enron@ENRON, Mark Adleman/OTS/Enron@ENRON, Mary Ann Johnson/OTS/Enron@ENRON, Mary Lynne Dix/OTS/Enron@Enron, Mike Thomas/OTS/Enron@Enron, Morris Brassfield/OTS/Enron@ENRON, Rinetia Turner/OTS/Enron@Enron, Robert Geheb/OTS/Enron@Enron, Ruthann Frausto/OTS/Enron@ENRON, Tyrone Brown/OTS/Enron@ENRON
cc:

Subject:	2- SURVEY/INFORMATION EMAIL 5-17-01

Current Notes User:

To ensure that you experience a successful migration from Notes to Outlook, it is necessary to gather individual user information prior to your date of migration.  Please take a few minutes to completely fill out the following survey. Double Click on document to put it in "Edit" mode. When you finish, simply click on the 'Reply With History' button then hit 'Send'  Your survey will automatically be sent to the Outlook 2000 Migration Mailbox.

Thank you.

Outlook 2000 Migration Team

--------------------------------------------------------------------------------------------------------------------------------------------

Full Name:        John W. Hodge

Login ID:  jhodge2

Extension:  37276

Office Location:  EB3223C

What type of computer do you have?  (Desktop,  Laptop,  Both)  D

Do you have a PDA?  If yes, what type do you have:   (None, IPAQ, Palm Pilot, Jornada)  None

Do you have permission to access anyone's Email/Calendar?  No
    If yes, who?

Does anyone have permission to access your Email/Calendar?  No
    If yes, who?

Are you responsible for updating anyone else's address book?  No
    If yes, who?

Is anyone else responsible for updating your address book?  No
    If yes, who?

Do you have access to a shared calendar?  No
    If yes, which shared calendar?

Do you have any Distribution Groups that Messaging maintains for you (for mass mailings)?  No
    If yes, please list here:

Please list all Notes databases applications that you currently use:

In our efforts to plan the exact date/time of your migration, we also will need to know:

What are your normal work hours?  From:  7:00 A.M.    To:      5:00 P.M.

Will you be out of the office in the near future for vacation, leave, etc?  Unknown
       If so, when?        From (MM/DD/YY):      To (MM/DD/YY):


OK for me.
 -----Original Message-----
From: 	Sever, Stephanie
Sent:	Thursday, October 18, 2001 9:06 AM
To:	Jones, Tana; Lombardi, Kelly; Lambert, Karen
Cc:	Moran, Tom; Lees, Lisa
Subject:	RUSH!!!!  Need by 10am   Plastic Sigma Factors
Importance:	High

Tana, Kelly, Karen:

The product long description below will fall under the new product types:

	US LLDPE Phy
	US HDPE Phy
	US PPHP Phy

Credit (Tom Moran/Wendi Lebrocq) have approved copying the profiles for the new product type from the following:

	US Plastic RGC3 Phy Fwd.

Please respond no later than 10am today, Thursday, October 18.

Thank you.

 -----Original Message-----
From: 	Moran, Tom
Sent:	Thursday, October 18, 2001 8:59 AM
To:	Sever, Stephanie
Subject:	RE: Plastic Sigma Factors

Yes.  That would be the best product to copy.
Thanks Stephanie.

tm

 -----Original Message-----
From: 	Sever, Stephanie
Sent:	Wednesday, October 17, 2001 4:20 PM
To:	Moran, Tom
Subject:	FW: Plastic Sigma Factors
Importance:	High

Tom,

These are the 3 Phy Plastic Product types I asked about this morning.  Would you recommend copying the profile from Product Type - US Plastic RGC3 Phy Fwd?

Thanks for your help?
Stephanie
 -----Original Message-----
From: 	Lozano, Melba
Sent:	Wednesday, October 17, 2001 11:07 AM
To:	Hagelmann, Bjorn; Adams, Matthew
Cc:	Lees, Lisa; Sever, Stephanie; Sweitzer, Tara; Meredith, Kevin; Walker, Chris
Subject:	Plastic Sigma Factors
Importance:	High

Please provide a sigma factor for the following Product Types:

3 Product types:

US LLDPE Phy
US LLDPE Phy Hexene Hou/TX Cty  c/LB
US LLDPE Phy  Butene Hou/TX Cty  c/LB

US HDPE Phy
US HDPE Phy  Inject8MI Hou/TX Cty   c/LB
US HDPE Phy  Inject20MI Hou/TX Cty  c/LB
US HDPE Phy  HMW0.04MI Hou/TX Cty   c/LB
US PPHP Phy
US PP-HP Phy 3MFR Hou/TX Cty   c/LB
US PP-HP Phy  17MFR Hou/TX Cty    c/LB
US PP-HP Phy  Inject20MFRHou/TXCty c/LB
US PP-HP Phy  Inject35MFRHou/TXCty c/LB

DESCRIPTIONS ARE ATTACHED:
 << File: Plastic-New EOL Prod2.doc >>


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	 2755 South  Locust Street  ?   Suite 201  ?   Denver, CO 80222 Phone: (303) 782-5510  ?  FAX (303)  782-5331 http://www.energycentral.com

[IMAGE]TO UNSCRIBE FROM THIS LIST PLEASE CLICK  HERE


http://www.dovewinds.com/dubya/

Copy and paste!


Joe:
The BP Amoco mark-ups are okay.  I need to make Brant Reves aware of the
Aquila mark-ups.

Carol


This is the latest draft of pre-bankruptcy pay-outs.  I have put all the information I have, please add any that you may know.

Have a Merry Christmas!


we maybe slow, but we eventually get there,,

as you know Carr has been trying to get approval from within and from Enron
finance people to create margin financing to execute & clear Nymex (and
e-nymex too) business for Enron. Well we are finally there..
We would love the opportunity to renew our realtionship of executing and/or
clearing for you again.
We are told (by Sarah) that you would have to talk to your individual
finance person to get the particulars of this, but she told us that we are
basically approved.. If you have any question about this , please call..
Other than that any assistance we could be to help in this , let us know..
definitely looking forward to this opportunity to do business again.

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-2205
Fax:  312-368-2281
mheffner@carrfut.com
http://www.carrfut.com


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/12/2001
03:25 PM ---------------------------
To: Matthew Lenhart/HOU/ECT@ECT
cc:

Subject: Re: FW: Prison Bitch Name Generator

---------------------- Forwarded by Victor Guggenheim/HOU/ECT on 04/12/2001
02:30 PM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           04/12/2001 10:06 AM

To: Patrick Ryder/NA/Enron@Enron, Phillip M Love/HOU/ECT@ECT, Bruce
Mills/Corp/Enron@ENRON, Victor Guggenheim/HOU/ECT@ECT
cc:
Subject: Re: FW: Prison Bitch Name Generator

---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/12/2001
10:04 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           04/11/2001 04:00 PM

To: "Brent Wallace" <bwallace@zahrsecurities.com> @ ENRON
cc:
Subject: Re: FW: Prison Bitch Name Generator

Nipple Nibbler

DG

"Brent Wallace" <bwallace@zahrsecurities.com> on 04/11/2001 02:52:49 PM
To: "James Conlee \(E-mail\)" <jconlee@tradecast.com>,
<brollman@protrader.com>, <darron.c.giron@enron.com>
cc: <joe@gallup.com>, <fallen@zahrsecurities.com>, <chris@savatech.com>
Subject: FW: Prison Bitch Name Generator

What's yo name, biznitch?

 http://members.iglou.com/lyons/bitchGen.html
 <<Oz Prison Bitch Name Generator.url>>

 - Oz Prison Bitch Name Generator.url


Steve Thome can be contacted in Houston at (713) 853-5786. His office is
located in EB 3115.


i am worried about them dropping like flies.  i thought last year we were
injury prone but this year is worse.  i am still skeptical about the
defense.  next week will tell a lot.


Joe,

Thanks.

Vince

Joseph Hrgovcic
04/05/2000 04:06 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: vkaminski@aol.com, Shirley Crenshaw/HOU/ECT@ECT
Subject: CME and CATEX

---------------------- Forwarded by Joseph Hrgovcic/HOU/ECT on 04/05/2000
04:06 PM ---------------------------

Lucy Ortiz
04/05/2000 04:02 PM
To: Joseph Hrgovcic/HOU/ECT@ECT
cc:
Subject: CME and CATEX

Spotlight Report
  Exchange products seeing slow trading
  GAVIN SOUTER

  03/20/2000
  Business Insurance
  Page 3
  Copyright (C) 2000 Crain Communications, Inc. All rights
  reserved.

  Exchange-based insurance products developed in recent years have
  been somewhat slow to get off the ground.

  Although several exchanges have offered derivative contracts since
  the mid-1990s to cover insurance risks, none so far has posted a
  significant volume of trades.

  Few insurers, reinsurers or policyholders have been drawn away
  from the traditional insurance markets, where capacity remains
  abundant and relatively cheap.

  As long as those traditional markets manage to weather major
  natural catastrophes, the allure of the exchange-based products will
  remain limited, observers say.

  Also stifling the growth of the exchange-based contracts is the
  limited number of contracts available, one expert noted. Dealers, he
  said, are unable to secure a suitable hedge by laying off one
  contract against another.

  Although the various exchanges have had a good opportunity to
  establish a widely used set of new risk financing products, that has
  not been achieved, said Morton Lane, senior managing director,
  capital markets division at Gerling Global Financial Products in
  New York.

  The main problem with the existing exchanges is that they do not
  offer a sufficiently diverse array of products, he said. The only way
  to control the risks in the catastrophe options is to have a diversified
  portfolio of other contracts, and none of the exchanges currently
  offers a sufficiently broad range of options to provide for that
  hedge, he said.

  Florida windstorm options, for example, cannot be bought and then
  hedged in the same way that International Business Machines Corp.
  stock options contracts can be hedged with IBM stock, Mr. Lane
  explained.

  The exchanges might be more attractive to investors if, in addition to
  natural catastrophe options, they included options on other risks, he
  said. Those might include, for example, satellite, aviation and crop
  indexes, Mr. Lane said. "For the insurance buyer, such exchange
  instruments would not represent the perfect risk transfer vehicle, but
  as long as they are quantifiable and indexable, they may represent a
  good surrogate," he said.

  The exchanges could also be used to create a derivatives market for
  over-the-counter securitized deals, if there are regular issuers of
  catastrophe bonds, Mr. Lane said.

  The soft insurance market has also hindered the growth of
  exchange-based insurance products, said Sean F. Mooney, senior
  vp and chief economist at Guy Carpenter & Co., the reinsurance
  brokerage unit of Marsh Inc. in New York.

  "The traditional market has been so competitive that people are not
  looking for other ways of doing business," he said.

  At least in concept, the exchange-based deals are generally similar
  to the mortgage-backed securities that have been a huge success
  since they were introduced in the 1970s. "There is a belief that
  alternative means of transferring risks will grow, but it is difficult to
  predict when," Mr. Mooney said.

  Currently, the trading that is taking place typically involves
  established insurers and reinsurers, so the exchanges have not
  brought substantial new capacity to the marketplace, he said.

  Guy Carpenter provided the index for the Bermuda Commodities
  Exchange reinsurance products. The BCE did not take off,
  however, and was suspended last year after two years of little
  activity.

  The oldest of the insurance-related, exchange-based derivative
  products are the catastrophe options traded on the Chicago Board
  of Trade, which began trading the options in 1996.

  Initially, there was substantial interest in the options, but the soft
  traditional market has hampered use of the contracts to hedge
  catastrophe exposures, said Carlton Purty, an independent broker
  at the CBOT who trades in options.

  No catastrophe option trades have been completed at the CBOT
  so far this year, he said. Last year, there was increased interest in
  the contracts because of Hurricane Floyd, but few contracts were
  traded, Mr. Purty said.

  "I think a major, major catastrophe will have to happen before they
  really take off," he said.

  The contracts offer real protection, and options dealers are keen to
  trade in a new niche, but the conventional insurance and reinsurance
  markets are so soft that few companies are turning to alternative
  coverage options, Mr. Purty said.

  The Catastrophe Risk Exchange, located in Princeton, N.J., has
  radically changed its structure since it was originally announced in
  mid-1996, and it is well positioned to expand, said Frank Sweeney,
  chief operating officer.

  CATEX initially planned to be a computer-based facility for
  reinsurers that would enable them to exchange catastrophe risks
  and to build balanced portfolios.

  But by the time the exchange was operational in November 1996, it
  was clear that most reinsurers and insurers interested in CATEX
  wanted only to buy and sell conventional reinsurance, Mr. Sweeney
  said.

  Although there was some interest in risk swapping, only a handful of
  risks were posted on the system, and none was traded, Mr.
  Sweeney said.

  Consequently, CATEX has become chiefly a "cash for cover"
  exchange, he said, noting that the risks reinsured on the exchange
  include property catastrophe coverage, aviation and liability
  coverages. CATEX also trades industry loss warranties, where
  coverage is triggered by an actual loss combined with an industry
  loss over an agreed threshold.

  Other adjustments to the exchange included making it accessible
  through the Internet in November 1998. And late last year, CATEX
  offered users the ability to set up smaller networks, allowing them
  form groups whose members do business only with one another.

  Since its inception, CATEX has completed about 450 trades,
  totaling $400 million in premium and more than $3 billion in limits,
  he said. CATEX's roughly 160 subscribers include reinsurers,
  insurers and corporate entities that purchase coverage through their
  captives, Mr. Sweeney said.

  "We obviously have a long way to go, but we are pretty satisfied
  with what we have achieved so far," Mr. Sweeney said.

  The exchange sees increased activity after major losses, as cedents
  seek to buy replacement coverage to offset depletions in their
  existing cover, he said. For example, Mr. Sweeney said, there was
  a flurry of activity after the European windstorms in December last
  year.

  Last September, the Chicago Mercantile Exchange entered the field
  of insurance-related derivatives when it began offering weather
  derivatives .

  Thus far, 420 futures contracts have been traded, said Larry
  Grannan, senior director in product marketing at the CME.

  Such contracts are designed to allow businesses to hedge against
  weather-related losses. For example, a utility may sell less power in
  a mild winter, and it would be able to use the futures to hedge a
  resultant fall in revenues.

  The exchange first offered heat-based indexes for Atlanta, Chicago,
  Cincinnati and New York. In January, it added Philadelphia, Dallas,
  Des Moines, Las Vegas, Tucson and Portland, and it began offering
  contracts based on cold weather.

  Currently, most of the trades are between securities dealers
  themselves, but, eventually, the contracts will likely be used more
  extensively by utilities and insurers, Mr. Grannan said.

  In addition, the futures contracts could be used as hedges for
  over-the-counter securitized deals, he said.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


The following document, received today, has been forwarded for your immediate attention:

Notice Letter dated 12/11/01 from Ince & Co. to NRAI for Enron Capital & Trade Resources International Corp. by Federal Express on 12/12/01.

PLEASE ADVISE IF NOT RECEIVED WITHIN 1 BUSINESS DAY.

Thanks, and if you have any questions, please feel free to contact me at X33486.


- EOTT TX NM Tks


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                      Friday, November 3, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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people always do that, but the really great make you believe
that you too can become great." --Mark Twain

PRICELINE THINS ITS RANKS
The Internet discount company announced a third-quarter loss,
the resignation of its CFO, and a restructuring plan.

By Mike Trigg

Embattled name-your-price Internet discount company
priceline.com (Nasdaq: PCLN) announced a third-quarter loss
after the market's close yesterday that met lowered Street
expectations. In addition, the company announced the resignation
of CFO Heidi Miller and a restructuring plan that includes
cutting 16% of its workforce.

Priceline posted a fiscal third-quarter (ended September 30) net
loss of $2 million, or $0.01 per share, compared to a lose of
$11.9 million, or $0.08 per share, a year ago. Revenue came in
at $341 million, slightly below expectations. Moreover, the
company forecasts a sequential revenue decline for the fourth
quarter, continuing to see signs of weak demand.

President and CEO Daniel Schulman blamed the revenue shortfall
on negative publicity and problems with its airline ticket
business. Priceline continues to be dogged by consumer
complaints, highlighted by the revelation that popular company
spokesman William Shatner has never used the services himself.
In the airline business, the company has experienced adverse
effects from rising fuel prices and airlines' own discounts.

Looking to perform some damage control, the company also
announced a number of restructuring moves. Priceline announced
it would fire 87 of its 535 employees, forcing it to take a
charge for an undisclosed amount that will hurt fourth-quarter
results. Also, the company will take a $9 million non-cash
charge due to a change in a warrant held by Delta Air Lines
(NYSE: DAL).

The company finished the quarter with $131 million in cash and
short-term investments, not all that bad depending on the burn
rate, although no guidance has been given. Nevertheless, the
debate still wages on with this company regarding the
survivability of is business model. With 80% of its revenues
derived from airline ticket sales, it comes as no surprise that
even the slightest misstep can cause damage. Of course, shutting
different business lines down, such as Priceline WebHouse Club,
only makes matters worse and leads many to question whether this
notion of diversification is fact or fiction. At this point, we
can only wait and see.
_________________________________________________________________

NEWS TO GO

Mobile phone equipment company Qualcomm (Nasdaq: QCOM) reported
better-than-expected fiscal fourth-quarter results after the
market's close yesterday. However, revenues fell short of
expectations because of slow demand in its largest market, South
Korea. The San Diego-based company reported net income of $200.8
million, or $0.25 per share, compared to $182.9 million, or
$0.24 per share, in the same period last year. That beat the
Street consensus estimate by a penny. Revenues fell to $635
million from the year-ago figure of $716 million, a decrease of
11%. The revenue shortfall was caused by the South Korean
government, which banned mobile phone discounts, cutting demand.
Chairman and CEO Irwin Jacobs reiterated that CDMA-based
wireless data and Internet access applications would fuel
industry growth.

Information technology and consulting company Computer Sciences
(NYSE: CSC) reported second-quarter earnings that met Street
expectations, citing strong U.S. and international sales despite
difficult conditions in Australia and Europe. The company
reported earnings of $109 million, or $0.64 per share, compared
to $93.1 million, or $0.55 per share, a year ago. While
suffering from a weak euro, revenue still came in at $2.5
billion, a 12% increase from the year-ago period. Key
announcements in the quarter include a $3 billion contract from
Nortel Networks (NYSE: NT)

During an investors conference in Atlanta, United Parcel Service
(NYSE: UPS) discussed the company's current performance and
outlook. It noted that it's in-line to meet Street expectations
for the fourth quarter, but that there could be a slowdown in
the growth rate. For the coming year, company goals include
revenue growth of 10%, earnings per share growth in the
mid-teens, and a return on equity of about 30%. The world's
largest express carrier is also expecting a strong holiday
season with peak day deliveries of 19 million or greater.

The number three media company, Viacom (NYSE: VIA), announced
today it has agreed to acquire privately held BET Holding II,
the parent company of Black Entertainment Television. The deal
is valued at $3 billion in stock and debt. BET Chairman and
majority owner Robert Johnson will remain chairman and CEO of
the cable channel geared to African Americans. It joins a Viacom
portfolio that includes CBS, MTV, VH1, Nickelodeon, Paramount
films, Infinity Broadcasting Corp., and King World Productions.
Viacom Chairman and CEO Sumner Redstone noted regarding the
purchase that the addition of Robert Johnson, Black
Entertainment Television, and other holdings would contribute
significantly to the company's existing brands and management
expertise.

Check out yesterday's Foolish market wrap-up with just one click.
HREF="http://www.fool.com/m.asp?i=180709
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.

MsgId:
msg-2096-2000-11-03_9-39-04-3474496_2_Plain_MessageAddress.msg-09:41:58(11-03-
2000)
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Message-Recipient: benjamin.rogers@enron.com