MG - AA Due Diligence - Final Draft Report

---------------------- Forwarded by Esther Gerratt/LON/ECT on 23/06/2000
09:49 ---------------------------

Andrea M Kerch
21/06/2000 20:23
To: Beth Apollo/LON/ECT@ECT
cc: Fernley Dyson/LON/ECT@ECT, Phillip D Lord/LON/ECT@ECT, Stanley
Farmer/Corp/Enron@ENRON, Andrew Cornfield/LON/ECT@ECT, Naomi
Connell/LON/ECT@ECT, Eric Gadd/LON/ECT@ECT, Esther Gerratt/LON/ECT@ECT,
Timothy J Detmering/HOU/ECT@ECT, Patrick Conner/HOU/ECT@ECT, Fiona
Grant/LON/ECT@ECT, Tina Ward/LON/ECT@ECT, Richard Sage/LON/ECT@ECT, Claire
Wright/LON/ECT@ECT, Tina Ward/LON/ECT@ECT, Bill Appleby/LON/ECT@ECT

Subject: Merlin - AA Due Diligence - Final Draft Report

Please find attached a final draft copy of the due diligence report for MG.
During the work performed AA did not identify any material issues that Enron
would need to be concerned about prior to the voting that is to take place
this Friday. The final report will be presented to me by early next week. I
will forward to you a copy at that time. AA has assured me that no
additional items of a significant nature will be added to the final report
that are not already included in the final draft document.

If you have any questions/comments on the report please do not hesitate to
give me a call.

Thanks

Andrea