Re: Gary's OTC trading

Gary is going to provide me with a list of OTC products for priority
trading. He has been in discussions with tax and structuring in Houston for
the S. Cone. The group has considered (i) trading onshore, (ii) trading as a
sub of Elektro (and can this be a sub of an offshore entity?) and (iii)
trading offshore. They have studied the CC5 account requirements and have
had conversations wtih JP Morgan and BofA. There appears to be little
communication with anyone in Brazil and Joe Kishkill is going to Sao Paulo
next week. I'll be more specific in a day or so. I'm still having problems
tying into the database (this is ridiculous!). Did you receive my voice
mail? SS

From: Brent Hendry AT ENRON_DEVELOPMENT@CCMAIL on 08/03/99 03:08 PM
To: Sara Shackleton@ECT
cc:
Subject: Gary's OTC trading

Have you been able to get a better handle on what it is that Gary wants to do?