FYI.  This should also have the effect of reducing the trigger on the UBS 
forward back down to $50.  If anyone would like to talk about this further, 
let me know.
CF

----- Forwarded by Clint Freeland/Corp/Enron on 03/19/2001 02:05 PM -----

	"Hackmann, Russell" <rhackman@lehman.com>
	03/19/2001 01:47 PM
		 
		 To: "Clinton Freeland (E-mail)" <clint.freeland@enron.com>
		 cc: "Cipriano, Paul" <pciprian@lehman.com>, "Fleming, Matthew" 
<mfleming@lehman.com>
		 Subject: revision of price trigger and share cap

Clint,

As discussed, effective immediately we are revising the price trigger on the
forward tranche of 1,388,100 shares from $55 to 50.   In return, the share
cap is being revised from 4,164,300 to 4,858,350.

We will send out amendments to document this change shortly.

Thank you,

Russell F. Hackmann, CFA
Corporate Equity Derivatives
Lehman Brothers Inc.
(212) 526-8398
(212) 526-2755 (fax)
rhackman@lehman.com

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