Here is the final memo.  FYI
----- Forwarded by Brent Hendry/NA/Enron on 01/22/2001 07:56 AM -----

	"JOHN McGREEVY" <JMCGREEV@LLGM.COM>
	01/21/2001 03:33 PM
		 
		 To: <BRAD.blesie@enron.com>, <BRENT.hendry@enron.com>, 
<DAVID.hoog@enron.com>, <Joana.Ryan.Bekerman@enron.com>, 
<LOU.Stoler@enron.com>
		 cc: "PAUL BRUCE WRIGHT" <PWRIGHT@LLGM.COM>
		 Subject: Updated Memo



Attached are clean and blacklined versions of the updated "Is the Option 
Insurance Memo".    I think we get you where you need to be.  Also,  we have, 
for the most part, done away with the "what index shall we use when there is 
no hourly published index" issue.

John

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John J. McGreevy
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
125 West 55th Street
New York, NY 10019
(212) 424-8361
jmcgreev@llgm.com


 - #389651 vRTF - Knock In Call Option Memo.rtf
 - #389651 v3 - Knock In Call Option Memo.doc
 - JOHN McGREEVY.vcf