----- Forwarded by Tana Jones/HOU/ECT on 05/08/2000 03:51 PM -----

	Nony Flores
	05/05/2000 09:23 AM
		 
		 To: Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: Memo to Brazilian Counsel

Tana,

Attached is the memorandum we sent to Brazilian counsel in 1996 which 
addressed both, the physical and financial trading, I hope this helps.  Let 
me know if you need anything else.

Thanks.
Nony