Hello Mark -- The European Energy Committee meeting was held in London
today. The attached documents, including the agenda, a memo on the Bridge
agreement, and a copy of the Bridge agreement, were reviewed at this
morning's meeting.

Much of the discussion focused on explanation of the Bridge Agreement. There
was some discussion about the German regulatory structure and the bridge
agreement.  Katia ran through the agenda in Houston and asked for ideas on
December conference.  I was not able to hear all of the questions entirely
but questions were asked about the outcome of the meeting.  Katia and
Christophe explained that it was a forum to exchange ideas and to promote
use of ISDA within industry. The minutes should give us more detail.

In addition to a call re: the NA agenda, I think it would be worthwhile to
also have a call w/Christophe, Katia and John Berry to discuss European
activities and to begin discussion on the December agenda. ISDA should begin
to focus on an agenda as soon as possible so that we assure December's
conference is as productive as the Houston conference.  Thanks!

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org




 - European Energy Commit Memo May 221.doc
 - Cross-Agreement Bridge memo.doc
 - Cross-Agreement bridge4.doc