Tana-

I see that ENA is a contemplated counterparty for Japanese weather 
derivatives.  There are both legal and tax issues that require 
consideration.  

I am unsure if Susan Musch has had the opportunity to review the tax issues, 
therefore I have copied her on this note.

With regard to Japanese legal issues, there are certain matters that must be 
dealt with in the GTCs, if entering into transactions between ENA and 
Japanese counterparties are being considered, including issues of an 
underlying legitimate business purpose to avoid gambling restrictions etc.

Please inform me with whom I should be in contact to ensure that these issues 
are appropriately handled.

Thanks,

John



	Tana Jones@ECT
	09/08/2000 10:52 AM
		 
		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E 
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, 
David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron 
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron 
Communications, John Viverito/Corp/Enron@Enron, Shari Stack/HOU/ECT@ECT
		 cc: 
		 Subject: New Profile additions

Please note new products.  Let me know if you have any issues or concerns 
with any of these.
----- Forwarded by Tana Jones/HOU/ECT on 09/08/2000 10:52 AM -----

	Stephanie Sever
	09/08/2000 10:40 AM
		 
		 To: Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana 
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
		 cc: 
		 Subject: New Profile additions

Please see the attached spreadsheet with new additions in blue.  A couple of 
Enron entity names changes (Enron Australia Finance Pty limited to Enron 
Japan Corp.)  Also note that Sea Freight Fin Swap BCI 4 and Sea Freight Fin 
Swap BCI 7 have been renamed from previous UK prefix.  Please let me know if 
you have any questions.  Please begin using the attached spreadsheet on 
Monday, Sept. 11.



Thanks,
Stephanie