We need the Bermuda law legal opinion.  What is the hold up?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com



	Caroline Abramo@ENRON
	05/21/01 03:33 PM
		 
		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Paul Radous/Corp/Enron
		 Subject: AIG

Carol= Paul is OK with raising the cross default amount... can we get out 
draft ISDAs to them???? AIG Commodity Arbitrage Ltd. and AIG Commodity Fund 
L.P.

Thanks,
Caroline
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 05/21/2001 
04:29 PM ---------------------------
   Carol St Clair @ ECT                05/10/2001 09:00 AM

To: Caroline Abramo/Corp/Enron@Enron
cc: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent 
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Paul 
Radous/Enron@EnronXGate 

Subject: AIG

Caroline:
I have received and reviewed their comments.  On the legal front, they are 
objecting to the Bermuda law opinion.  We cannot do this without an opinion.  
If we need to recommend Bermuda counsel to them we can.  On the credit side, 
for AIG Commodity Arbitrage Fund LP they want to increase the cross default 
threshold from $1,500,000 to $2,500,000.  Paul, are you okay with this?  I am 
okay with their other comments. 

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com