Please review and let me know if you have any comments.
----- Forwarded by Richard B Sanders/HOU/ECT on 11/28/2000 06:38 AM -----

	SHoward@milbank.com
	11/28/2000 12:06 AM
		 
		 To: Richard.B.Sanders@enron.com
		 cc: 
		 Subject: Max Holmes Deposition-Day No. 1




Richard: 

It was another great deposition day for the plaintiffs.? The high point was 
an audio taped phone conversation of Max Holmes' calling Stickler a liar.? A 
more detailed report is attached.

Frankly, I don't think McDonald and NatWest can let this case go to trial.? 
They will almost surely lose, and lose big, and PaineWebber could be drawn in 
too.? I think I will make a renewed pitch to Bruce MacLeod (Farallon's lawyer 
here this week) to let ECT out.? I will keep you posted.

Steve 

 <<depsum11.27>> 

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