Enron Mail

From:sheila.glover@enron.com
To:sara.shackleton@enron.com, ted.murphy@enron.com, donna.lowry@enron.com
Subject:Re: Contacts
Cc:theresa.brogan@enron.com, aneela.charania@enron.com, susan.flynn@enron.com,sheung.tam@ms.com
Bcc:theresa.brogan@enron.com, aneela.charania@enron.com, susan.flynn@enron.com,sheung.tam@ms.com
Date:Thu, 25 May 2000 03:45:00 -0700 (PDT)

Sara,
Rafael has provided the rationale for opening an account with Morgan
Stanley. I will forward the hard copy documents to you or Susan when I
receive them from Rafael.
Sheila
I have a call into Rafael to confirm that #4 should be EDIDE instead of
EPCA....
---------------------- Forwarded by Sheila Glover/HOU/ECT on 05/25/2000 10:30
AM ---------------------------


Rafael Rangel@ENRON_DEVELOPMENT
05/25/2000 10:20 AM
To: Sheila Glover@ENRON_DEVELOPMENT, Don Overby@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
florencia.groppo@hds.com.ar<, Veronica Perez
Subject: Re: Contacts

Sheila, as discussed yesterday, I need to do the following:

Open a brokerage account at Morgan Stanley for Enron de Inversiones de
Energia S.C.A. (an Argentine company) (EDIDE)
This account will hold ADRs that will be contributed or transferred into its
account by Enron Pipeline Company-Argentina S.A. (EPCA)(account #038-088357)
at Morgan Stanley.
EPCA will contribute 431,300 ADRs in Transportadora Gas del Sur (TGS) into
EDIDE's new account. That contribution represents the capital contribution
that EPCA is obligated to make under the capital increase resolution dated
February 20th, 2000.
After the ADR's are transferred into EPCA's accounts, EPCA will need to
convert such ADR's into ordinary Class B shares in TGS so that they can be
registered accordingly in Argentina.

Sheila, I am forwarding a hard copy of this e-mail with appropriate support
(corporate resolutions authorizing me to open this account, resolution
authorizing the increase in capital and some forms that I had Eduardo
Ojea-Quintana (President of EDIDE) sign).

Please review and advise of what else you need to finalize this transaction.

Best Regards,

RFR

---------------------- Forwarded by Rafael Rangel/ENRON_DEVELOPMENT on
05/25/2000 09:50 AM ---------------------------


Rafael Rangel
05/24/2000 05:50 PM
To: Sheila Glover@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Contacts

Sheila, finally ready to open up the account at Morgan Stanley for EDIDE so
that EPCA can transfer the correct amount of ADRs. I have the Corporate
Resolution from EDIDE. I understand that the contact at Morgan Stanley has
changed. Please advise.

RFR



To: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rafael
Rangel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Contacts

I will be out on maternity leave soon (hopefully). In my absence, please
call Sheila Glover (3-3210) for any questions that you may have. If you just
need a copy of an old report, please call Aneela Charania at 3-0951.

Thanks,

Terri
3-9899