Enron Mail

From:carol.clair@enron.com
To:sara.shackleton@enron.com, mary.cook@enron.com
Subject:FW: USG
Cc:tanya.rohauer@enron.com
Bcc:tanya.rohauer@enron.com
Date:Tue, 5 Jun 2001 01:51:00 -0700 (PDT)

Sara and Mary:
Can someone contact Tanya about this?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 06/05/2001 08:50 AM -----

Tanya Rohauer/ENRON@enronXgate
06/04/2001 06:58 PM

To: William S Bradford/ENRON@enronXgate
cc: Ken Curry/ENRON@enronXgate, Carol St Clair/HOU/ECT@ECT
Subject: FW: USG

I would reccommend sending out notice of trigger of Material Adverse Change
and calling for margin. Can we prepare the notice..Bob Crane is in agreement.

Thanks,
Tanya

-----Original Message-----
From: Rohauer, Tanya
Sent: Monday, June 04, 2001 10:35 AM
To: Bradford, William S.
Cc: Curry, Ken
Subject: USG

We have financial exposure of 4.2MM to United States Gypsum company which may
file Ch. 11 due to mounting asbestos claims. S&P has not taken any action
since Jan when they lowered ratings to BB-/Negative and removed from Credit
Watch. However, USG announced today that it is considering "strategic
alternatives", one of which is Chapter 11due to increased litigation. I'll
forward the article.

Tanya