---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 12/29/99 09:33 
AM ---------------------------
   
	Enron North America Corp.
	
	From:  James Simpson                           12/29/99 08:51 AM
	

To: Stuart Zisman/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Rodney 
Malcolm/HOU/ECT@ECT, Archie.malcolm@sympatico.ca
cc:  
Subject: Premiums (Broken Out into Phys and Fin)

These are the Merrill Lynch Premiums broken out into Financial and Physical