I am working with CIBC on another credit mitigation deal. They are
interested but they have said nothing yet on pricing levels. I am sending
them something on Monday that will propose a Enron payment on Friday December
17th of approximately $16 MM CAD. Again, this payment would come from the
U.S. office so if there are any administrative things that need to get done I
suggest we get on it quickly. I assume Juanita needs to deal with funding
and Louie needs to secure a letter from CIBC re credit mitigation. I'm in
Houston part of the week but you can track me done through my secretary.

Regards

John Lavorato