The Enron government affairs group has been actively involved in a number of 
international initiatives to support our arious business units.  These 
activities have ranged from specific project advocacy with the U.S. 
government to active leadership in multilateral trade organizations (like 
WTO) and relationship building with international funding institutions.

Other than the specific project advocacy, much of this work has been 
relatively general, based on well accepted Enron objectives such as 
liberalization and privatization.  Going forward, as we have discussed, I 
would like to see our strategy and objectives for interaction with these 
organizations built up from specific business unit objectives.  Consequently, 
I will be setting up a series of conference calls to include representatives 
from the regional government affairs groups and people who have been working 
with the international trade and funding organizations (to describe the tools 
which may available to meet regional business unit objectives).

The objective will be to come out of the discussion with specific objectives 
and strategies for using the relationships and tools available to us to 
advance the regional