---------------------- Forwarded by Mark Taylor/HOU/ECT on 01/18/2000 02:44 
PM ---------------------------


GILBERGD@sullcrom.com on 01/18/2000 12:26:27 PM
To: Mark Taylor/HOU/ECT@ECT, psimons@enron.co.uk
cc: PURVISM@sullcrom.com, RAISLERK@sullcrom.com 
Subject: Credit Derivative Procedures



Attached is a draft of a memo summarizing the procedures we discussed at our 
meeting on Thursday.  We will also be assisting in preparing the procedures.  
Please call or e-mail if you have any questions or comments.  Best regards.


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 - CreditDerivs.wpd