---------------------- Forwarded by Sara Shackleton/HOU/ECT on 11/18/99 11:41
AM ---------------------------


Brent Hendry@ENRON_DEVELOPMENT
11/05/99 01:16 PM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc:
Subject: Trader Guidelines

Here is my markup based on what I think the group here can do under the
current scenario. Let's talk Monday to discuss the draft and who we need to
send a final markup to to confirm the tax aspects of the guidelines. Thanks.