Raptor - confirm - blackline

Latest draft.
----- Forwarded by Sara Shackleton/HOU/ECT on 08/23/2000 10:39 AM -----

Sara Shackleton
08/21/2000 02:27 PM

To: Kevin Howard/Enron Communications@Enron Communications, Kevin
Garland/Enron Communications@Enron Communications, James Ginty/Enron
Communications@Enron Communications, Kristina Mordaunt/Enron
Communications@Enron Communications, Gordon McKillop/NA/Enron@ENRON, AnnMarie
Tiller/Corp/Enron@ENRON, Brent Vasconcellos/Corp/Enron@ENRON, Ryan
Siurek/Corp/Enron@ENRON
cc:
Subject: Raptor - confirm - blackline

All: Please review for content. This deal has been recast as a "Price
Return Swap" and I hope it is self-explanatory (i.e., you won't have to drag
out the 1996 Equity Definitions). I will forward a draft letter shortly.