----- Forwarded by Mark Taylor/HOU/ECT on 08/23/2000 09:40 AM -----

	RCosentino@milbank.com
	08/23/2000 02:33 AM
	Please respond to RRichards
		 
		 To: doug.mcdowell@enron.com, craig.clark@enron.com, ryan.siurek@enron.com, 
gareth.bahlmann@enron.com, clint.walden@enron.com, kevin.d.jordan@enron.com, 
mark.taylor@enron.com, carol.stclair@enron.com, brent.vasconcellos@enron.com, 
annmarie.tiller@enron.com, Fcochran@velaw.com, acurry@velaw.com
		 cc: 
		 Subject: Delta III




Attached below please find the following blacklined documents: 

(1)? Enron/Delta Swap (marked against the prior draft distributed); 
(2)? Enron/Citibank Swap (marked against the prior draft distributed); 
(3)? Enron/Delta Guaranty (marked against the prior draft distributed); 

Enron/Citibank Guaranty (marked against the prior draft distributed);
Enron/Delta Fiscal Agency Agreement (marked against Delta II);
Enron/Citibank Fiscal Agency Agreement (marked against Delta II); and 
Indemnification Agreement (marked against the prior draft distributed).

Please note that the attached have not been reviewed by Citibank and 
therefore remain subject to their comments as well as the continuing internal 
review by Milbank, Tweed.? 

Please do not hesitate to contact the undersigned with any questions or 
comments. 

??????? Eric Moser 
??????? (212) 530-5388 
Ray Richards 
(212) 530-5575 

 <<EnronDeltaSwap.doc>>  <<EnronCitibankSwap.doc>>  
<<EnronDeltaGuaranty.doc>>   <<EnronCitibankGuaranty.doc>> ?  
<<EnronDeltaFiscalAgencyAgmt.doc>>  <<EnronCitibankFiscalAgencyAgmt.doc>>  
<<IndemnificationAgmt.doc>> 


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 - EnronDeltaSwap.doc
 - EnronCitibankSwap.doc
 - EnronDeltaGuaranty.doc
 - EnronCitibankGuaranty.doc
 - EnronDeltaFiscalAgencyAgmt.doc
 - EnronCitibankFiscalAgencyAgmt.doc
 - IndemnificationAgmt.doc