Hello Dutch.

Thanks for meeting with us today - I think we gained a lot of ground. I've
delayed this message for a couple of days in hopes that you catch up with
the last two weeks' assignments that you have not handed in yet.

Again, I've included the high-level outline for each content area that you
should follow when writing this week's assignment. Remember - this
assignment should be placed in the ECW. I've included instructions to
remind you how to use this tool.  Note - If the content you have written
does not fit onto the page, please just send it to us in an email. Thank
you!

Website:
http://reds2000.click2learn.com/PROJECTS/accenture/Enron/launchpad.html
Login: dquigley
Password: Enron4

(See attached file: ECW Instructions.doc)

This Week's Assignment: This week's assignment will be to write about each
of the following areas:
1) Benefits & Challenges (Page  1_4_6_1  in the Futures topic)
2) Buying a Put/Selling a Put (Page 1_7_5_1 - in the Options topic)

Due Date: Friday, October 26th, 2001

Outlines to Help Guide You When Writing
Benefits & Challenges of Using Futures
?    Benefits
-    Financial and performance guarantee
-    Liquidity
?    Challenges
-    Need to put up margin to cover changes in mark to market position
-    Need to be aware of physical obligation at expiration, if there is no
intention of receiving or taking delivery
-    Do not know counterparty (only if you go to delivery)
-    Only Henry Hub

Buying a Put/Selling a Put
-    Buying a Put: Short position
-    Physical and financial example and payout associated with it
-    Selling a Put: Long position
-    Physical and financial example and payout associated with it
-    Market expectations on when to buy or sell a put

Finally and most importantly, please keep in mind that the completion of
these assignments significantly impacts the the ability of our BRM project
to stay on schedule and within budget. If you are unable to complete this
assignment, please notify me ahead of time and provide an estimated time
for completion.

Thank you.

Sheri A. Righi
Accenture
Human Performance Service Line
Hartford - One Financial Plaza
Direct Dial: 860 756 2245
VPN & Octel: 765 2245
e-mail: sheri.a.righi@Accenture.com



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 - ECW Instructions.doc