See Alicia Curry's memo below responding to the questions in my memo to her 
(that I will separately forward to you). It may make sense for us to get 
together to discuss. Thanks!
---------------------- Forwarded by Scott Sefton/HOU/ECT on 08/25/2000 09:15 
AM ---------------------------


"Curry, Alicia" <acurry@velaw.com> on 08/25/2000 07:52:33 AM
To: "Sefton, Scott (Enron)" <scott.sefton@enron.com>
cc: "Astin, Ronald T." <RAstin@velaw.com>, "Spradling, Mark" 
<MSpradling@velaw.com>, "Halbert, Elaine" <ehalbert@velaw.com> 
Subject: 


Scott,

Attached is the memo that you requested.  Unfortunately, I was not able to
keep it down to one page (the shortest I could do was two).



> Alicia L. Curry
> Vinson & Elkins L.L.P.
> 2300 First City Tower
> 1001 Fannin Street
> Houston, Texas 77002-6760
> Phone:  713-758-4428
> Fax:  713-615-5688
> (Licensed in New York only)
>
>
>
>
> +++++++++++++++++++++++
> CONFIDENTIALITY NOTICE
> +++++++++++++++++++++++
> The information in this email may be confidential and/or privileged. This
> email is intended to be reviewed by only the individual or organization
> named above. If you are not the intended recipient or an authorized
> representative of the intended recipient, you are hereby notified that any
> review, dissemination or copying of this email and its attachments, if
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> received this email in error, please immediately notify the sender by
> return email and delete this email from your system. Thank You
>
PRIVILEGED AND CONFIDENTIAL:
Contains attorney-client communications and/or attorney work product.
 <<Memo to Scott Sefton.DOC>>

 - Memo to Scott Sefton.DOC