Financial Swap - Aracruz

per my voice mail
----- Forwarded by Sara Shackleton/HOU/ECT on 11/29/2000 03:52 PM -----

D'Arcy Carroll@ENRON
11/29/2000 04:32 PM

To: Randy Young/ENRON_DEVELOPMENT@ECT
cc: Sara Shackleton@ECT
Subject: Financial Swap - Aracruz

Randy/Sara,

Please confirm if Enron can or cannot execute a financial swap with Aracruz
Brazil.

Alternatively, we need input on Enron's ability to execute a financial swap
for pulp with Aracruz's off-shore, Panamanian subsidiary.

We are trying to prep for a discussion scheduled for tomorrow, Thursday
afternoon, Sao Paulo time (4 hours ahead of Houston).

Thanks your help.