Clint:  I spoke with Mike Collins [203-719-8385 (phone) and 203-719-7031 (fax)] who conrfirmed to me that the cap included the remaining 2.5+million remaining shares.

Please return an executed copy of confirm to me.

Thanks.  sara

My assistant Joanne Rozycki has cell, car numbers to reach me.  I'll be back on Monday.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490