Enron Mail

From:john.arnold@enron.com
To:michael.gapinski@ubspainewebber.com
Subject:Re: Monday Conference Call
Cc:
Bcc:
Date:Wed, 4 Apr 2001 15:23:00 -0700 (PDT)

Mike:
Two questions regarding fees:
1. What will you charge for placement fee on a 750,000-1,000,000 type
investment into the hedge funds?
2. I understand your cost structure is a little higher than Fidelity.
However, I was charged over $1,000 on my option trade for a transaction that
Fidelity charges $147.50. Is there any justification?

Please understand that my basis for developing an account with Paine Webber
is dependent upon an agressive fee structure. I don't want to see my
above-market returns compromised by high fees.
Thanks,
John