Jonathan,

As stated in my previous message.  The letter and your two subsequent emails confirm that Enron and eSpeed are not close to any agreement and in order to ensure no time is wasted on the part of either Enron or eSpeed, we have no further wish to pursue any further discussions.   The draft proposal we sent was not subject to negotiation.

Regards


Louise Kitchen
COO
Enron Americas

cc:  	Tom McKeever, Enron Metals
      	Justin Boyd, Enron Legal - Europe
     	Travis McCullough, Enron Legal - Americas
      	Andy Zipper - EnronOnline
      	Greg Whalley - Enron Wholesale
      	David Tregar - Enron Metals



   

	Enron Capital & Trade Resources Corp.  From:  "Uman, Jonathan" <JUman@cantor.com>                           03/14/2001 01:07 PM	
		


To:	"Louise Kitchen (E-mail)" <lkitchen@enron.com>
cc:	 

Subject:	what if i give you a put on the last $2.5 million in stock? let y	ou lock it in?