---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/10/2001 
05:45 PM ---------------------------
From: Jennifer Fraser/ENRON@enronXgate on 03/21/2001 10:30 AM
To: Jennifer Burns/ENRON@enronXgate, John J Lavorato/Corp/Enron@ECT, John 
Arnold/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, 
Fletcher J Sturm/HOU/ECT@ECT, Rogers Hearndon@ECT, John L Nowlan/HOU/ECT@ECT, 
Bill White/NA/Enron@Enron, Kevin McGowan/Corp/Enron@ENRON, Gary 
Hickerson/HOU/ECT@ECT, Michael W Bradley/HOU/ECT@ECT, Vince J 
Kaminski/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Kevin M 
Presto/HOU/ECT@ECT, Adam Gross/HOU/ECT@ECT
cc: Jeffrey A Shankman/ENRON@enronXgate, Gary Hickerson/HOU/ECT@ECT, Tamara 
Jae Black/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT, Helen Marie 
Taylor/HOU/ECT@ECT, Angie Collins/HOU/ECT@ECT, Judy Zoch/NA/Enron@ENRON, 
Shirley Crenshaw/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Stacy 
Weatherly/Corp/Enron@Enron, Kimberly Hillis/ENRON@enronXgate 
Subject:  Trader's Roundtable Meeting - Report on Recessions and Demand 
Contraction

Attached is the report I discussed yesterday. It considers the impact of last 
2 recessions on demand.

Jen Fraser

713-853-4759