Here is the information we looked at on Thursday .  It is updated for our 
current position.  Through looking at this you will see that our risk is to a 
significant up move in prices.  Currently, prices are not moving up 
significantly.

Thanks,

Errol
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 02/26/2001 
08:51 AM ---------------------------


"Hood, Stephen (NY Int)" <SHOOD@edfman.com> on 02/26/2001 08:16:32 AM
To: "'errol.mclaughlin@enron.com'" <errol.mclaughlin@enron.com>
cc:  

Subject: FW: Enron pos.




> If you have any questions, feel free to respond.
>
>  <<Enron NG.pdf>>
>
> Regards,
>
> SMH

 - Enron NG.pdf