Raptor 2 hedge

From: sara.shackleton@enron.com

To: scott.sefton@enron.com, ryan.siurek@enron.com, gordon.mckillop@enron.com,annmarie.tiller@enron.com, randy.young@enron.com, gregory.adams@enron.com, bob.butts@enron.com, frank.stabler@enron.com, mspradling@velaw.com, jdilg@velaw.com

Subject: Raptor 2 hedge

Cc: mark.taylor@enron.com

Bcc: mark.taylor@enron.com

Date: Tue, 3 Oct 2000 11:44:00 -0700 (PDT)

Attached is a revision to the original swap confirmation. I have tried to
incorporate all of the concepts discussed yesterday. Please send comments or
call (X35620). I will be out of town after noon on Thursday for an offsite.
Sara