---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/07/2000 
04:55 PM ---------------------------


John Peyton
01/07/2000 01:45 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Chris Hilgert/HOU/ECT@ect 
Subject: Day Rate Hedge

Vince, 

Included is the rest of the prices for 4th and 5th Generation 
Semi-submersibles in the Gulf of Mexico.  The only additional Data is from 
Sept 99 through Dec 99.

Chris and I look forward to your analysis on Tuesday.