Sara advised that we are reconsidering the staffing of the multitude of 
structured finance transactions which include swaps.  In connection with such 
considerations, please see the last note on the attached email from Sefton.  
I will cover Raptor 3 for now.  Mary
----- Forwarded by Mary Cook/HOU/ECT on 08/30/2000 11:23 AM -----

	Scott Sefton
	08/30/2000 10:54 AM
		
		 To: Mary Cook/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Raptor III

Raptor 3 is now on. It will be the same as Raptor 2. We're also now going to 
do Raptor 4, a radically different structure using RESCO warrants. More info 
to follow  on that.



MARY COOK
08/29/2000 06:44 PM
To: Scott Sefton/HOU/ECT@ECT
cc:  
Subject: Re: Raptor III

I will await your direction as new documents are distributed.  Mary
----- Forwarded by Mary Cook/HOU/ECT on 08/29/2000 06:43 PM -----

	Scott Sefton
	08/29/2000 05:32 PM
		
		 To: Mary Cook/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Raptor III

This deal is in being restructured to use Resco warrants instead of Enron 
common stock. As a result, I suggest you hold off on reviewing the docs at 
this time. Thanks!



MARY COOK
08/29/2000 03:09 PM
To: Scott Sefton/HOU/ECT@ECT
cc:  
Subject: Raptor III

Clarification:  Only the Master ISDA between Roadrunner and Bobcat.
----- Forwarded by Mary Cook/HOU/ECT on 08/29/2000 03:08 PM -----

	Mary Cook
	08/29/2000 03:06 PM
		 
		 To: Scott Sefton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 cc: 
		 Subject: Raptor III

Carol St. Clair has forwarded to me the Raptor III documents.  I will review 
only the Master ISDA which I presume is similar to the prior drafts and is 
intended to work the same role in the structure.  Please advise if you need 
me to review any other aspect of the transaction which is all otherwise being 
drafted by VE.  Mary