Looks good except for settlement period.  Industry standard and for ease to 
Enron, a spread trade is treated as two separate trades.  Therefore, there 
will be two settlement periods for the respective legs of the transaction.  
The file below states settlement period is 5 days after both legs have been 
set.  Please change to 2 settlement periods, 5 days after each respective leg 
has been set.
John


   
	Enron North America Corp.
	
	From:  Kevin Meredith @ ENRON                           02/16/2001 10:24 AM
	

To: John Arnold/HOU/ECT@ECT, Dutch Quigley/HOU/ECT@ECT, Peter F 
Keavey/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT
cc: Robert B Cass/HOU/ECT@ECT, Savita Puthigai/NA/Enron@Enron 
Subject: US Spread Product

The attached spread product description has been created using a Nymex 
financial gas spread as the example.  Possible permutations to this product 
have been listed below the description.  Please review the product 
description and provide any suggestions, improvements, and/or additional 
permutations that have not been considered.

Thank you.
Kevin