Jordan:  Congratulations on your promotion!  

I am forwarding to ;you one of the Raptor 2 hedges which was to be finalized 
earlier this month.  My most recent draft was dated October 5 and I never 
received comments until this morning (from Ryan Siurek) which prompted the 
revisions attached.  Ryan is also expecting comments from Rodney Faldon.  

I don't know if you have been updated on the various Raptor swaps which have 
been created over the past few months.  The attached is to hedge ESA assets.  
I'd be glad to give you a brief overview, as would Ryan.  Thanks.  Sara 
----- Forwarded by Sara Shackleton/HOU/ECT on 10/19/2000 10:30 AM -----

	Sara Shackleton
	Sent by: Kaye Ellis
	10/19/2000 09:51 AM
		 
		 To: Scott Sefton/HOU/ECT@ECT, Ryan Siurek/Corp/Enron@ENRON, Gordon 
McKillop/NA/Enron@ENRON, AnnMarie Tiller/Corp/Enron@ENRON, Randy 
Young/NA/Enron@Enron, Gregory Adams/Corp/Enron@ENRON, Bob 
Butts/GPGFIN/Enron@ENRON, Frank Stabler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
mspradling@velaw.com, jdilg@velaw.com, Donette Dewar/HOU/ECT@ECT, Brent 
Vasconcellos/Corp/Enron@ENRON
		 cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Raptor 2 hedge

Attached is the revised Raptor 2 hedge.