Tana/Karen:

The product long description described below will fall under the new product 
type US PurityEthane Fin Spread.  Tom Moran has approved copying the profiles 
for the new product type from the following:

US Plastic LLDPE Financial Swap

Please respond no later than 10 a.m. on Wednesday, December 12.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 12/12/2000 12:56 PM 
---------------------------
   
	Enron North America Corp.
	
	From:  Kevin Meredith @ ENRON                           12/11/2000 05:29 PM
	

To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H 
Douglas/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Bjorn 
Hagelmann/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Melba 
Lozano/HOU/ECT@ECT, Jason Althaus/Corp/Enron@Enron, Robert B 
Cass/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT 
Subject: NEW ENRONONLINE PRODUCT - PLEASE APPROVE

Your review and approval of the following two product type in the EOL 
Datamanager is needed (for directions on approval , please see steps for 
approval at the bottom of this e-mail).  

Traders: Lee Jackson and Alan Engberg

US PurEth OPIS   vs LLDPE CMAI           Jan01           c/LB

A US Purity Ethane financial Swap Transaction with Enron North America Corp., 
under which the Seller pays a Floating Price and the Buyer pays the price 
submitted by Counterparty on the website (the Fixed Price) in each case in 
respect of the Notional Quantity per Determination Period.  Each calendar 
month during the term of the Transaction will be a Determination Period. The 
Notional Quantity per Determination Period is the volume submitted by 
Counterparty via EnronOnline.  The Payment Date(s) will be 5 business days 
after the Floating Price is determinable. The Floating Price shall be the 
Index for the relevant Determination Period.
The term of the Transaction shall be from the Effective Date to the 
Termination Date. The Effective Date is 01 Jan 2001. The Termination Date is 
31 Jan 2001.
The Index for a month shall be the difference between 
(i) the arithmetic average of the high and low Cents/Pound prices of Linear 
Low Density Polyethylene - Butene film grade published under the headings 
"North America Product Prices for (DATE): LLDPE Domestic" in the month-end 
issue of Chemical Market Associates, Inc.'s Monomers Market Report effective 
for such month, and 
(ii) the average of the prices for each day in the Determination Period, 
where the price for each day shall be the 'Avg' price for Purity Ethane 
published in the table entitled 'Mont Belvieu Spot Gas Liquids Prices' under 
the heading 'Purity Ethane:  Any Current Month' in the issue of Oil Price 
Information Service ('OPIS') that reports prices effective for such 
Determination Period.
The price is quoted in cents (US) per unit of volume which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be pounds.

==============================================================================
=====
STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"
  
Thanks - Rob Cass  -  Melba Lozano - Kevin Meredith
                   x35491           x58986                  x39555