Global acknowledges.



From: Lisa Lees/ENRON@enronXgate on 05/01/2001 04:32 PM
To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly 
Lombardi/NA/Enron@Enron
cc: Stephanie Sever/ENRON@enronXgate 
Subject: FW: Please Approve New Product Type:  US Steel Hot Rolled Plate 
Financial Swap (2069)  

Please acknowledge your agreement to the copying of profiles as shown 
directly below.  Please respond by 10:00 a.m. on Wednesday, May 2.

Thank you.  

 -----Original Message-----
From:  Moran, Tom  
Sent: Monday, April 30, 2001 2:15 PM
To: Lees, Lisa; Sever, Stephanie
Cc: Guidroz, Walter
Subject: FW: Please Approve New Product Type:  US Steel Hot Rolled Plate 
Financial Swap (2069)  

Lisa / Stephanie,

Please copy the existing counterparty profile from US Steel Hot Rolled Fin 
Swap and utilize it for this new product;
US Steel Hot Rolled Plate Fin Swap.

Regards,
tm



 -----Original Message-----
From:  Cass, Robert B.  
Sent: Monday, April 30, 2001 1:19 PM
To: Taylor, Mark; Blumenthal, Jeff; Taylor, Mark; Musch, Susan; Gockerman, 
Matthew F.; Hayden, Frank; Herod, Brenda F.; Moran, Tom; Hagelmann, Bjorn; 
Roenz, Manfred
Cc: Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert, Karen; Sweitzer, 
Tara; Kenne, Dawn C.; Moorer, Torrey; Meredith, Kevin; Lozano, Melba; Walker, 
Chris; Alatorre, Carlos; Carter, Carl
Subject: Please Approve New Product Type:  US Steel Hot Rolled Plate 
Financial Swap (2069)  

Please approve the following product type in Datamanager after 11:00 a.m.  
See the steps for approval below.

US Steel Hot Rolled Plate Fin Swap

Website Short Description of Product Type:  US HR Plate Swap    ("US Steel 
Hot Rolled Plate Fin Swap" - #2069)


Product Type:
A U.S. Hot Rolled Steel Plate financial Swap Transaction with Enron North 
America Corp. under which the Seller pays a Floating Price and the Buyer pays 
the price submitted by the Counterparty on the Website (the Fixed Price) in 
each case in respect of the Notional Quantity per Determination Period.  Each 
calendar month during the Term of the Transaction will be a Determination 
Period; provided that, if the Term of the Transaction is less than one 
calendar month the Determination Period shall be the Term of the 
Transaction.  The Notional Quantity per Determination Period shall be the 
volume submitted by the Counterparty via the Website.  The Payment Date(s) 
will be 5 business days after the Floating Price is determinable.  The 
Floating Price shall be the Index for the relevant Determination Period.

Reference Period:
The term of the Transaction shall be from the Effective Date to the 
Termination Date.  The Effective Date is _______and the Termination Date is 
____________.

Product Additional Information (example):
The Index for a Determination Period shall be the average price for 
"Domestic, Midwest Plate ($/net ton)" in the table "US Current & Forecast 
Prices" under the current month's heading in the monthly issue of MBR (Metal 
Bulletin Research) North American Steel Markets Monthly with the published 
month the same as the Determination Period.

Currency:
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.

Unit of Measure:
The unit of measure against which the price is quoted shall be net tons (2000 
lbs) and the quantity shown shall be in net tons per month.


The financial GTC's are attached as follows:




STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"