---------------------- Forwarded by Paul Pizzolato/HOU/ECT on 08/25/2000 
02:23 PM ---------------------------


"Koe, Thomas" <TKoe@dlj.com> on 08/23/2000 06:43:12 PM
To: "'paul.pizzolato@enron.com'" <paul.pizzolato@enron.com>
cc: "Hughes, Jim" <JHughes@dlj.com> 
Subject: Indicative Term sheet for Total Return Swap


Hi Paul,

As we discussed on the phone today, please find an indicative total return
termsheet attached.


 <<Enron TEMPLATE Bond TRS.doc>>


Thanks
Tommy Koe
(212) 892-6660



 - Enron TEMPLATE Bond TRS.doc