Attached are  recent emails relating to the PATS deal.  These are being 
forwarded FYI.  If you have previously received any or all of these messages, 
please disregard.

Joyce Dorsey
Assistant to Gareth Bahlmann


---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 05/23/2000 09:13 
AM ---------------------------


Clint Freeland@ENRON
05/19/2000 08:30 AM
To: Gareth Bahlmann/HOU/ECT@ECT
cc:  
Subject: Pass Through Asset Trust


---------------------- Forwarded by Clint Freeland/Corp/Enron on 05/19/2000 
08:26 AM ---------------------------


Thomas_Tabor@lnotes5.bankofny.com on 05/19/2000 08:00:40 AM
To: Clint.Freeland@enron.com
cc:  

Subject: Pass Through Asset Trust


As an amendment to Ming's e-mail of yesterday, my e-mail address is:
ttabor@bankofny.com

Best regards,
-Tom Tabor
212-815-5381




---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 05/23/2000 09:13 
AM ---------------------------


Ryan.Donovan@ubsw.com on 05/19/2000 01:37:06 PM
To: william.sullivan@ubsw.com, tom.mcerlean@ubsw.com, tom.field@ubsw.com, 
timothy.steele@ubsw.com, stewart.morel@ubsw.com, scott.whitney@ubsw.com, 
scott.giese@ubsw.com, ryan.siurek@enron.com, ryan.donovan@ubsw.com, 
rastin@velaw.com, pdelehanty@bracepatt.com, paige.grumul@enron.com, 
mukunah@winstim.com, mspradling@velaw.com, mshiang@bankofny.com, 
michael.hynes@ubsw.com, michael.davidson@ubsw.com, mark.taylor@enron.com, 
lyndon.taylor@ubsw.com, kurzw@winstim.com, ktrautner@bracepatt.com, 
kimberly.r.scardino@arthurandersen.com, kimberly.blue@ubsw.com, 
johnna.young@enron.com, john.magovern@ubsw.com, jim.hunt@ubsw.com, 
jennifer.gabrielson@ubsw.com, jeff.nogid@enron.com, jason.sweet@ubsw.com, 
gorloff@bracepatt.com, gareth.bahlmann@enron.com, ecklandt@winstim.com, 
delaneyj@winstim.com, darren.delage@enron.com, clint.freeland@enron.com, 
chudyj@winstim.com, atiller@enron.com
cc:  
Subject: Updated Enron Working Group List


     See attached for changes to the Enron working group list.

     Distribution of initial documentation will occur electronically this
     afternoon

 - wgl.doc

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.

---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 05/23/2000 09:13 
AM ---------------------------


mukunah@winstim.com on 05/19/2000 01:48:47 PM
To: clint.freeland@enron.com, mark.taylor@enron.com, 
gareth.bahlmann@enron.com, kimberly.blue@ubsw.com, scott.whitney@ubsw.com, 
ryan.donovan@ubsw.com, scott.giese@ubsw.com, timothy.steele@ubsw.com, 
michael.davidson@ubsw.com, william.sullivan@ubsw.com, john.magovern@ubsw.com, 
rastin@velaw.com, mspradling@velaw.com, mshiang@bankofny.com
cc: ecklandt@winstim.com, delaneyj@winstim.com, chudyj@winstim.com, 
earlyhud@winstim.com, kurzw@winstim.com 
Subject: Enron PATS 2000-1


 In connection with the proposed offering of Enron's PATS, we're attaching a
Cover Letter, the Preliminary Offering Circular and the Closing Document List.

Best regards,

Hazel Mukuna

(See attached file: Cover Letter.doc)    (See attached file: Preliminary
Offering Circular.doc)        (See attached file: Closing Document List.doc)


______________________________________
This message, together with any attachments, is intended only for the
use of the individual or entity to which it is addressed and may contain
information that is legally privileged, confidential and exempt from
disclosure.  If you are not the intended recipient, you are hereby
notified that any dissemination, distribution, or copying of this
message,or any attachment, is strictly prohibited.  If you have received
this message in error, please notify the original sender (or the WSPR
Help Desk) immediately by telephone (212-858-1000) or by return
E-mail and delete the message, along with any attachments, from
your computer.  Thank you.





 - Cover Letter.doc
 - Preliminary Offering Circular.doc
 - Closing Document List.doc
---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 05/23/2000 09:13 
AM ---------------------------


Clint Freeland@ENRON
05/20/2000 11:36 AM
To: Pushkar Shahi/HOU/ECT@ECT, Paige B Grumulaitis/HOU/ECT@ECT, Jeff 
Nogid/HOU/ECT@ECT, Kimberly Scardino/AA/Corp/Enron@ENRON, Ryan 
Siurek/Corp/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT, AnnMarie 
Tiller/Corp/Enron@ENRON, Johnna Kokenge/Corp/Enron@ENRON
cc: Gareth Bahlmann/HOU/ECT@ECT 
Subject: Enron PATS 2000-1

All -
Sorry for getting this to you late, but we didn't get this until Friday 
afternoon, and for some reason it did not make it out to the team on Friday.  
I do not know when we will be receiving the rest of the documents.  Please 
provide us with whatever comments you can at our meeting at 3:00 on Monday.  
CF
---------------------- Forwarded by Clint Freeland/Corp/Enron on 05/20/2000 
11:22 AM ---------------------------


mukunah@winstim.com on 05/19/2000 01:48:47 PM
To: clint.freeland@enron.com, mark.taylor@enron.com, 
gareth.bahlmann@enron.com, kimberly.blue@ubsw.com, scott.whitney@ubsw.com, 
ryan.donovan@ubsw.com, scott.giese@ubsw.com, timothy.steele@ubsw.com, 
michael.davidson@ubsw.com, william.sullivan@ubsw.com, john.magovern@ubsw.com, 
rastin@velaw.com, mspradling@velaw.com, mshiang@bankofny.com
cc: ecklandt@winstim.com, delaneyj@winstim.com, chudyj@winstim.com, 
earlyhud@winstim.com, kurzw@winstim.com 

Subject: Enron PATS 2000-1


 In connection with the proposed offering of Enron's PATS, we're attaching a
Cover Letter, the Preliminary Offering Circular and the Closing Document List.

Best regards,

Hazel Mukuna

(See attached file: Cover Letter.doc)    (See attached file: Preliminary
Offering Circular.doc)        (See attached file: Closing Document List.doc)


______________________________________
This message, together with any attachments, is intended only for the
use of the individual or entity to which it is addressed and may contain
information that is legally privileged, confidential and exempt from
disclosure.  If you are not the intended recipient, you are hereby
notified that any dissemination, distribution, or copying of this
message,or any attachment, is strictly prohibited.  If you have received
this message in error, please notify the original sender (or the WSPR
Help Desk) immediately by telephone (212-858-1000) or by return
E-mail and delete the message, along with any attachments, from
your computer.  Thank you.





 - Cover Letter.doc
 - Preliminary Offering Circular.doc
 - Closing Document List.doc


---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 05/23/2000 09:13 
AM ---------------------------


mukunah@winstim.com on 05/20/2000 09:09:57 PM
To: clint.freeland@enron.com, gareth.bahlmann@enron.com, 
kimberly.blue@ubsw.com, scott.whitney@ubsw.com, ryan.donovan@ubsw.com, 
scott.giese@ubsw.com, timothy.steele@ubsw.com, michael.davidson@ubsw.com, 
william.sullivan@ubsw.com, john.magovern@ubsw.com, raustin@houston.rr.com, 
mspradling@velaw.com, sara.shackleton@enron.com, who@velaw.com, 
gorloff@bracepatt.com, Ktrautner@bracepatt.com
cc: ecklandt@winstim.com, delaneyj@winstim.com, kurzw@winstim.com, 
chudyj@winstim.com, earlyhud@winstim.com 
Subject: Enron PATS 2000-1: Confirmations


Attached for your review please find initial drafts of the following
Confirmations:

1. Swap 1 - U.S. Dollar to Sterling Swap between UBS and Trust
2. Swap 2 - Company Contingent U.S. Dollar to Sterling Swap with UBS
3. Swap 3 - U.S. Dollar to Sterling Swap between UBS and Enron
3. Option 1 - Call Option between UBS and Trust
4. Option 2 - Company Contingent Call Option with UBS

Please call Todd Eckland or me with any questions or comments you may have.

Best regards,

Hazel Mukuna

(See attached file: Swap 1 - UBS and Trust.doc)    (See attached file: Swap 2 
-
Enron and UBS..doc) (See attached file: Swap 3 - UBS and Enron.doc)

(See attached file: Option 1 - UBS and Trust.doc)  (See attached file: Option 
2
- Enron and UBS.doc)


______________________________________
This message, together with any attachments, is intended only for the
use of the individual or entity to which it is addressed and may contain
information that is legally privileged, confidential and exempt from
disclosure.  If you are not the intended recipient, you are hereby
notified that any dissemination, distribution, or copying of this
message,or any attachment, is strictly prohibited.  If you have received
this message in error, please notify the original sender (or the WSPR
Help Desk) immediately by telephone (212-858-1000) or by return
E-mail and delete the message, along with any attachments, from
your computer.  Thank you.





 - Swap 1 - UBS and Trust.doc
 - Swap 2 - Enron and UBS..doc
 - Swap 3 - UBS and Enron.doc
 - Option 1 - UBS and Trust.doc
 - Option 2 - Enron and UBS.doc
---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 05/23/2000 09:13 
AM ---------------------------


mukunah@winstim.com on 05/22/2000 07:12:55 AM
To: clint.freeland@enron.com, gareth.bahlmann@enron.com, 
kimberly.blue@ubsw.com, scott.whitney@ubsw.com, ryan.donovan@ubsw.com, 
scott.giese@ubsw.com, timothy.steele@ubsw.com, michael.davidson@ubsw.com, 
william.sullivan@ubsw.com, john.magovern@ubsw.com, raustin@houston.rr.com, 
mspradling@velaw.com, sara.shackleton@enron.com, who@velaw.com, 
gorloff@bracepatt.com, Ktrautner@bracepatt.com
cc: ecklandt@winstim.com, delaneyj@winstim.com, chudyj@winstim.com, 
earlyhud@winstim.com, kurzw@winstim.com 
Subject: Enron PATS 2000-1: Purchase, Remarketing and Trust Agreements


Attached for your review please find the following documents:

1. Purchase Agreement;
2. Remarketing Agreement; and
3. Trust Agreement.

Please note that the attached documents have not been reviewed by UBS Warburg
and therefore remain subject to their comments. Please call Todd Eckland or me
with any questions or comments you may have.

Best regards,

Hazel Mukuna

(See attached file: Purchase Agreement.doc)        (See attached file:
Remarketing Agreement.doc)    (See attached file: Trust Agreement.doc)


______________________________________
This message, together with any attachments, is intended only for the
use of the individual or entity to which it is addressed and may contain
information that is legally privileged, confidential and exempt from
disclosure.  If you are not the intended recipient, you are hereby
notified that any dissemination, distribution, or copying of this
message,or any attachment, is strictly prohibited.  If you have received
this message in error, please notify the original sender (or the WSPR
Help Desk) immediately by telephone (212-858-1000) or by return
E-mail and delete the message, along with any attachments, from
your computer.  Thank you.





 - Purchase Agreement.doc
 - Remarketing Agreement.doc
 - Trust Agreement.doc
---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 05/23/2000 09:13 
AM ---------------------------


Clint Freeland@ENRON
05/22/2000 07:40 AM
To: Paige B Grumulaitis/HOU/ECT@ECT, Kimberly Scardino/AA/Corp/Enron@ENRON, 
Ryan Siurek/Corp/Enron@ENRON, Johnna Kokenge/Corp/Enron@ENRON, AnnMarie 
Tiller/Corp/Enron@ENRON, Jeff Nogid/HOU/ECT@ECT
cc: Gareth Bahlmann/HOU/ECT@ECT 
Subject: Enron PATS 2000-1: Confirmations


---------------------- Forwarded by Clint Freeland/Corp/Enron on 05/22/2000 
07:35 AM ---------------------------


mukunah@winstim.com on 05/20/2000 09:09:57 PM
To: clint.freeland@enron.com, gareth.bahlmann@enron.com, 
kimberly.blue@ubsw.com, scott.whitney@ubsw.com, ryan.donovan@ubsw.com, 
scott.giese@ubsw.com, timothy.steele@ubsw.com, michael.davidson@ubsw.com, 
william.sullivan@ubsw.com, john.magovern@ubsw.com, raustin@houston.rr.com, 
mspradling@velaw.com, sara.shackleton@enron.com, who@velaw.com, 
gorloff@bracepatt.com, Ktrautner@bracepatt.com
cc: ecklandt@winstim.com, delaneyj@winstim.com, kurzw@winstim.com, 
chudyj@winstim.com, earlyhud@winstim.com 

Subject: Enron PATS 2000-1: Confirmations


Attached for your review please find initial drafts of the following
Confirmations:

1. Swap 1 - U.S. Dollar to Sterling Swap between UBS and Trust
2. Swap 2 - Company Contingent U.S. Dollar to Sterling Swap with UBS
3. Swap 3 - U.S. Dollar to Sterling Swap between UBS and Enron
3. Option 1 - Call Option between UBS and Trust
4. Option 2 - Company Contingent Call Option with UBS

Please call Todd Eckland or me with any questions or comments you may have.

Best regards,

Hazel Mukuna

(See attached file: Swap 1 - UBS and Trust.doc)    (See attached file: Swap 2 
-
Enron and UBS..doc) (See attached file: Swap 3 - UBS and Enron.doc)

(See attached file: Option 1 - UBS and Trust.doc)  (See attached file: Option 
2
- Enron and UBS.doc)


______________________________________
This message, together with any attachments, is intended only for the
use of the individual or entity to which it is addressed and may contain
information that is legally privileged, confidential and exempt from
disclosure.  If you are not the intended recipient, you are hereby
notified that any dissemination, distribution, or copying of this
message,or any attachment, is strictly prohibited.  If you have received
this message in error, please notify the original sender (or the WSPR
Help Desk) immediately by telephone (212-858-1000) or by return
E-mail and delete the message, along with any attachments, from
your computer.  Thank you.





 - Swap 1 - UBS and Trust.doc
 - Swap 2 - Enron and UBS..doc
 - Swap 3 - UBS and Enron.doc
 - Option 1 - UBS and Trust.doc
 - Option 2 - Enron and UBS.doc