---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on 
01/04/99 12:11 PM ---------------------------
To: Jennifer Fraser/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT
cc:  
Subject: Ormet

Here is the Strike Price Election Notice letter I drafted for the Ormet 
transaction.  Please let me know if this works for you.