Geoff , 

Here are the positions that jaron are willing to swap out of at this time.
Let me know if you want me to talk to him about an out of the money deal.

Dutch



 -----Original Message-----
From: 	"Bachman, Paul" <Paul.Bachman@gs.com>@ENRON  
Sent:	Tuesday, November 06, 2001 10:54 AM
To:	Quigley, Dutch
Subject:	J Aron swap outs.

Dutch,

Pursuant to our conversation.

This is the risk we would like to swap out.
This is from your view......meaning if the position is positive ENRON is
LONG to JARON.  JARON would need to buy from ENRON to flatten out.

Cal 3      (572)
Cal 4      1921
Cal 5       655
Cal 6    (1002)
Cal 7      (454)
Cal 8         96

I would prefer to Buy from Enron if you cannot find spreads.

Thanks,

Paul Bachman
VP Energy Trading
Goldman Sachs
(212) 902-3316