Jeff:  Do you have an answer yet?  Sara

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/10/2001 09:49 AM -----

	Sara Shackleton
	01/03/2001 01:08 PM
		 
		 To: Jeff Blumenthal/HOU/ECT
		 cc: 
		 Subject: "ECT Europe Accounting" as ENA hedge counterparty

Jeff:

In connection with the instructions given by London to Shane Dallmann, note 
that the instruction for ENA to transact the Euro hedges was given by Peter 
Russell.  Please advise as to whether these should be RMT transactions and 
which Enron affiliate should be involved.  Thanks.   Sara