Under normal circumstances the Enron Treasury group would invest cash on deposit in something like overnight commercial paper obligations or something like that.  Can we let them do that with ERMT's money?  Would we need a written authorization to ENE to do that (we don't usually do that for other subsidiaries)?

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
1400 Smith Street - EB3892
Houston, Texas 77008
(713)853-7459
(713)646-3490 (fax)