Jim and Rex:

The Lehman Bros. form of "put" works fine from a legal perspective.  
Yesterday, I faxed to you one of the "puts" with underlined language 
reflecting differences in securities language from our prior swap/forward 
deals with Lehman.  The differences may be alright for purposes of the "puts".

Please let Jeff know if the "puts" are acceptable for execution (from the 
securities perspective).  I have already initialed the documents from the 
swap perspective.  Let me know if you have any questions.

As usual, thanks for your help.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com