org chart and London Credit Trading

Kelly is sending you an updated org chart for June
---------------------- Forwarded by Sheila Glover/HOU/ECT on 07/06/2000 08:53
AM ---------------------------

From: Sheila Glover 04/14/2000 11:36 AM

To: Sara Shackleton/HOU/ECT@ECT
cc: Laurel Adams/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Theresa T
Brogan/HOU/ECT@ECT
Subject: org chart and London Credit Trading

Sara,

Org chart attached.

Per conversation with Jeff Kinneman who was in London this week, London Credt
Trading will be trading in Bank default swaps . The name of the entity is
still to be determined. Jeff will be authorized to execute trades for the
entity and the trades will be in the name of the entity and not back-to-back
with our books.
Sheila