Tana/Karen:

The product long description below will fall under the new product type US 
Nitration Toluene Financial Swap.  Tom Moran has approved copying the 
profiles for the new product type from the following:

 US Benzene Financial Swap CMAI Spot

Please respond no later than 10 a.m. on Wednesday, November 15.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 11/14/2000 01:38 PM 
---------------------------
   


From:  Melba Lozano                                                           
  11/13/2000 10:03 AM	
	
	
	                           
	

To: Mark Taylor/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT 
Subject: US NitTol Swap - approval required 2nd request

Mark,

Please approve the attahced product.  

Thanks,


---------------------- Forwarded by Melba Lozano/HOU/ECT on 11/13/2000 10:02 
AM ---------------------------
   


From:  Melba Lozano                                                           
  11/09/2000 10:11 AM	
	
	
	                           
	

To: Mark Taylor/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT, Jeff 
Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, 
Stephen H Douglas/HOU/ECT@ECT
cc: Karen Lambert/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Lisa 
Lees/HOU/ECT@ECT 
Subject: US NitTol Swap - approval required

Your review and approval of the following product type in the EOL Datamanager 
is needed (for directions on approval , please see steps for approval at the 
bottom of this e-mail).    


Traders: Steve Elliott, Lee Jackson, Adam Metry

US NitTol Swap  CMAI Spot               Aug-Oct00       USD/Gl-b

A US Nitration Toluene financial Swap Transaction with Enron North America 
Corp. under which the Seller pays a Floating Price and the Buyer pays the 
price submitted by the Counterparty on the website (the Fixed Price) in each 
case in respect of the Notional Quantity per Determination Period.  Each 
calendar month during the Term of the Transaction will be a Determination 
Period; provided that, if the Term of the Transaction is less than one 
calendar month the Determination Period shall be the Term of the 
Transaction.  The Notional Quantity per Determination Period shall be the 
volume submitted by Counterparty via the website.  The Payment Date(s) will 
be 5 business days after the Floating Price is determinable.  The Floating 
Price shall be the Index for the relevant Determination Period.


The Term of the Transaction shall be from the Effective Date of 01 Aug 2000 
to the Termination Date of 31 Oct 2000.


The Index for a Determination Period shall be the mean of the average of the 
high and low price in Cents/Gallon of Toluene-Nit. published under the 
headings &Prices for Period Ending [DATE]: United States: Toluene-Nit.)8 
under the caption &SPOT: Cents/Lb.8 in each issue of Chemical Market 
Associates, Inc.,s Aromatics Market Report (Weekly) that reports prices 
effective for such Determination Period. Notwithstanding the reference to 
pounds in the caption mentioned above, the prices quoted for this product by 
CMAI are in Cents/Gallon.

The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.

The unit of measure against which the price is quoted shall be gallons and 
the volume shown shall be in total number of Barrels (42 US Gallons) per 
month.


==============================================================================
=====

STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"
  
Thanks - Rob Cass  -  Melba Lozano
x35491   x58986