Phyllis:
We can accept the language with your chnages.  Are we ready to execute?  I am 
out of the office today but will be back tomorrow.  Please call me.  thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com



	lemelpe@NU.COM
	06/04/01 08:38 AM
		 
		 To: Carol.St.Clair@enron.com
		 cc: moonevw@selectenergy.com
		 Subject: Re: LOC Form



     Carol - Our credit person doesn't understand why the transferability
language needs to be eliminated.  It simply refers to the same ICC
publication for the transfer process that governs the letter of credit
generally.  Is there some specific concern that we can address?