-----Original Message-----
From: 	kdavis@manfinancial.com@ENRON  
Sent:	Friday, November 02, 2001 11:06 AM
To:	Arnold, John
Subject:	RE: Positions

734 and we're done

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Friday, November 02, 2001 5:09 PM
To: kdavis@manfinancial.com
Subject: RE: Positions


we have already done the aug 03, how many may 02 do you want us to do?

    -----Original Message-----
   From:   kdavis@manfinancial.com@ENRON
   Sent:   Friday, November 02, 2001 10:54 AM
   To:     Arnold, John
   Subject:  RE: Positions

   John

   The simplest thing would be to disregard the 926 Aug'03 instructions and
   to
   do the 1660 May 02 only....

   Your call

   Kevin

   -----Original Message-----
   From: Davis, Kevin (LDN Int)
   Sent: Friday, November 02, 2001 4:48 PM
   To: 'John.Arnold@enron.com'
   Subject: RE: Positions


   The answer would be yes if it were the only ex-pit instructions we
   received
   today.

   Given that you have instructed us already to ex-pit the 926 August 03
   position, we would only want you to transfer 734 of the May 02 futures.

   If you only do the 1660 May 02 or, if you do the 926 august 03 and 734
   May
   02 then YES, we will wire the money immediately after one or other of
   those
   expits are achieved.

   Kevin

   -----Original Message-----
   From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
   Sent: Friday, November 02, 2001 4:43 PM
   To: kdavis@manfinancial.com
   Subject: RE: Positions


   Will you wire the money immediately when this is done?

       -----Original Message-----
      From:   kdavis@manfinancial.com@ENRON
      Sent:   Friday, November 02, 2001 10:10 AM
      To:     jarnold@enron.com
      Cc:     Wesner-Soong, Sarah; Deffner, Joseph
      Subject:  Positions

      Dear John

      In place of the original transfer of options that we sent you
   yesterday,
      I
      propose the following transfer instead. You will note that it
   includes
      no
      options at all.

      short 1660 May 2002 futures

      Please understand that this entire affair is making me as
   uncomfortable
      as
      it is clearly making you.

      Kind regards
      Kevin R Davis



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