FYI. This is a deal I've been helping them value correctly. 
Here Remi is, ostensibly the head of trading in Brazil, and he doesn't even 
know what a digital option is.  Scary!

Grant.

---------------------- Forwarded by Grant Masson/HOU/ECT on 03/30/2000 10:23 
AM ---------------------------


Remi Collonges@ENRON_DEVELOPMENT
03/29/2000 07:53 AM
To: Grant Masson/HOU/ECT@ECT
cc:  
Subject: Re: Odebrecht/Ita Deal  

Thanks for taking the time to look at this transaction.  I'm currently trying 
to understand what a digital option is, but besides this I can say you've got 
it right.

Remi