Jeff - 

Thanks for your note.  We have in fact placed this work on hold several weeks ago, differing commitments on $28 mill. in tower tenant improvements and corresponding $22.5 mill. in furniture purchases.  In addition we have put on hold further construction activity related to the new Data Center - Disaster Recovery project on beltway 8, avoiding another 20 mill. in costs over the coming 10 months.

- Bill

 -----Original Message-----
From: 	McMahon, Jeffrey  
Sent:	Monday, November 12, 2001 9:03 AM
To:	Donovan, Bill; Kean, Steven J.; Fallon, Jim
Subject:	ECS Tower Improvements

I have recommended to Greg that we delay the tower improvements until a later date once things clear up a little.  Please begin to plan for that accordingly.  I will be back to you as soon as I get Greg's approval.

Thanks.


Jeffrey McMahon
___________________________
President and CEO
Enron Industrial Markets
713-853-5359 phone
713-646-5930 fax
jeffrey.mcmahon@enron.com