I couldn't print this out. It was all messed up.  Please call try on a 
different printer and if it still doesn't work, get a hard copy.
thanks,
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 05/10/2001 
04:20 PM ---------------------------
From: David Gorte/ENRON@enronXgate on 05/03/2001 09:27 AM
To: Raymond Bowen/ENRON@enronXgate, Michael Brown/ENRON@enronXgate, David W 
Delainey/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Andrew S 
Fastow/ENRON@enronXgate, Mark Frevert/ENRON@enronXgate, Kevin Hannon/Enron 
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, James A 
Hughes/ENRON@enronXgate, Louise Kitchen/HOU/ECT@ECT, John J 
Lavorato/ENRON@enronXgate, Mike McConnell/HOU/ECT@ECT, Rebecca 
McDonald/ENRON@enronXgate, Jeffrey McMahon/ENRON@enronXgate, Lou L 
Pai/HOU/EES@EES, Ken Rice/Enron Communications@Enron Communications, Jeffrey 
A Shankman/ENRON@enronXgate, John Sherriff/LON/ECT@ECT, Greg 
Whalley/HOU/ECT@ECT
cc: Rick Buy/ENRON@enronXgate 
Subject: Revised Transaction Approval Process

Attached is a copy of the revised Transaction Approval Process approved by 
the Board of Directors on May 1, 2001.  Other than granting approval 
authority to certain business unit Chief Operating Officers and having 
approval authority reside with specified positions, rather than specified 
individuals, all other changes to the previous Transaction Approval Process 
are non-substantive.

Please let me know if you have any questions or comments.

Regards,

Dave