-----Original Message-----
From: 	kdavis@manfinancial.com@ENRON  
Sent:	Friday, November 02, 2001 12:15 PM
To:	Arnold, John
Subject:	RE: Positions

John

As soon as Paribas put their side of the ex-pit into the clearing system we
will wire the funds IMMEDIATELY.

Kevin

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Friday, November 02, 2001 6:12 PM
To: kdavis@manfinancial.com
Cc: Sarah.Wesner@enron.com
Subject: RE: Positions


Please notify me as soon as the wire has been sent.  I assume you are
working on this right now.

    -----Original Message-----
   From:   kdavis@manfinancial.com@ENRON
   Sent:   Friday, November 02, 2001 11:13 AM
   To:     Arnold, John
   Subject:  RE: Positions

   Thanks John.....

   -----Original Message-----
   From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
   Sent: Friday, November 02, 2001 5:13 PM
   To: kdavis@manfinancial.com
   Subject: RE: Positions


   being done as I write this

       -----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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