Richard/Elizabeth,

Any advice on the renewal requirements that the bank has outlined below.

Bill


 -----Original Message-----
From:  Gonzalez, Veronica  
Sent: Thursday, May 17, 2001 3:50 PM
To: Bradford, William S.; Ngo, Tracy
Subject: FW: L/C 0000126

Please advise

 -----Original Message-----
From:  Mata, Jessie  
Sent: Thursday, May 17, 2001 8:00 AM
To: Gonzalez, Veronica
Subject: FW: L/C 0000126

Please give me your comments . . . . 

 -----Original Message-----
From:  "Riccardo Gallo" <Creditla@worldnet.att.net>@ENRON 
[mailto:IMCEANOTES-+22Riccardo+20Gallo+22+20+3CCreditla+40worldnet+2Eatt+2Enet
+3E+40ENRON@ENRON.com] 
Sent: Wednesday, May 16, 2001 4:14 PM
To: Mata, Jessie
Subject: L/C 0000126

Dear Jessie,

The SBLC in reference (($25 million in favor of Calpx Trading Services) will
expire on 8/31/01.  We are required to advise the beneficiary by 6/1/01 in
case of non renewal.

Could you please let us have your instructions?

Thanks and regards,
Riccardo