fyi
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/14/2000 
05:23 PM ---------------------------


Brett R Wiggs@ENRON
12/14/2000 05:00 PM
To: David W Delainey@ECT, Joe Kishkill/SA/Enron@Enron
cc:  
Subject: Opinion - Consortium Agreement

Attached is the legal opinion on the US$ enforcibility.

Brett
---------------------- Forwarded by Brett R Wiggs/SA/Enron on 12/14/2000 
08:01 PM ---------------------------


John Novak
12/14/2000 07:41 PM
To: Brett R Wiggs/SA/Enron@Enron
cc:  
Subject: Opinion - Consortium Agreement

just got a chance to check email and here it is.  don't know if Mark has had 
a chance to look at it.  I havn't but will try on the plane and chekc in t 
omorrow.  Running to the plane now.  rgds, john
---------------------- Forwarded by John Novak/SA/Enron on 12/14/2000 07:38 
PM ---------------------------


"CVV - Cintia Vannucci Vaz Guimar?es" <CVV@tozzini.com.br> on 12/14/2000 
05:22:35 PM
To: <john.novak@enron.com>, <lisa.alfaro@enron.com>, 
<mark.e.haedicke@enron.com>, <ricardo.mucci@enron.com>, <bbradsha@skadden.com>
cc: "JE - Jose Emilio Pinto" <jenp@tozzini.com.br> 

Subject: Opinion - Consortium Agreement


Dear All:

Attached please find the eletronic version of our legal opinion on the 
indexation of payments under the Consortium Agreement.  A copy of the 
original signed version of the opinion is following by fax.

Regards,

C?ntia Vaz Guimar?es
Tozzini, Freire, Teixeira e Silva Advogados
Rua L?bero Badar?, 293, 21o. andar
01095-900 - S?o Paulo - SP
Phone # (55-11) 232-2100
Fax # (55-11) 232-3100
cvv@tozzini.com.br




 - MERCHOP2.DOC