---------------------- Forwarded by Richard B Sanders/HOU/ECT on 06/16/99 
10:57 AM ---------------------------
   Rachael Adams                06/14/99 04:38 AM

To: Mark Frevert/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Danny 
McCarty/LON/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT, 
Jeff Skilling/Corp/Enron@Enron, James V Derrick@Enron, Kenneth 
Lay/Corp/Enron@Enron
cc: Mary Nell Browning/LON/ECT@ECT, Richard Harper/LON/ECT@ECT, Paul 
Turner/LON/ECT@ECT 
Subject: Memorandum

Please see the attached memorandum from Mary Nell Browning, Richard Harper 
and Paul Turner.

Rachael