September 24, 2001

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Cash Out Indices - September 2001



    FT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2638        2.1000	    2.3850
  Zone 2                2.2769        2.1175     2.3875
  Zone 3                2.2900        2.1350     2.3900
  Zone 4                2.3028        2.1471     2.4033
  Zone 5                2.3595        2.2008     2.4619
  Zone 6                2.4054        2.2443     2.5094

    IT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2638        2.1000     2.3850
  Zone 2                2.2769        2.1175     2.3875
  Zone 3                2.2900        2.1350     2.3900
  Zone 4                2.3435        2.1878     2.4440
  Zone 5                2.5452        2.3865     2.6476
  Zone 6                2.6996        2.5385     2.8036

   FTG                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2638        2.1000     2.3850
  Zone 2                2.2769        2.1175     2.3875
  Zone 3                2.2900        2.1350     2.3900
  Zone 4                2.3706        2.2149     2.4711
  Zone 5                2.6690        2.5103     2.7714

                         AVG.          BUY        SELL
                        ------        ------     ------
  FTNT                  2.3025        2.1500     2.4100


For information concerning cash out transactions, please contact
Casilda Vasquez at (713)215-4504.

Stella Yu
Manager - Rate Systems
(713)215-3381


 - C.DTF