Hello Dutch.

Hope you are having a good Monday. I've delayed this message in hopes that
you catch up with the last three weeks' assignments that you have not
handed in yet. As I noted in our discussion last week, it will be
signficantly helpful to Monica and I to receive any information you've
gathered to this point, as opposed to receiving it all at the end.

As usual, I've included the high-level outline for each content area that
you should follow when writing this week's assignment. Remember, this
assignment should be placed in the ECW. I've included instructions to
remind you how to use this tool.  Note - If the content you have written
does not fit onto the page, please just send it to us in an email. Thank
you!

Website:
http://reds2000.click2learn.com/PROJECTS/accenture/Enron/launchpad.html
Login: dquigley
Password: Enron4

(See attached file: ECW Instructions.doc)

This Week's Assignment: This week's assignment will be to write about each
of the following areas:
1) Using Futures to Hedge (Page 1_4_4_1  in the Futures topic)
2) Types of Options (Page 1_7_3_1 - in the Options topic)

Due Date: Friday, November 2nd, 2001

Outlines to Help Guide You When Writing
Using Futures to Hedge
   When to use Futures
     Lock in price to guarantee cost or cash flow for term of contract
     To hedge against the risk
     Do not care who the counterparty is
     Completion of EFP
     Hedging or Speculating
   Different Types of Users
     Non-commercials (hedge funds)
     Commercials (e.g. Enron, Dynegy)
     End users
     "Locals" ? (Guys at the Exchange trying to buy low/sell high)
   Costs involved with a futures contract
     Margin as a guarantee of contract
   Closing out a futures position
     Make or take delivery
     Reverse futures position (i.e. liquidate position)
     Exchange of a futures position for a cash position at another location
     (e.g. EFP)

Types of Option
<<Dutch, this should be a short write up with explanations/definitions of
the major different types of options.>>
   Physical vs. Financial
   Asian, European and American
   Swaption
   Dutch, you may want to mention that many other types of options exist

Finally and most importantly, please keep in mind that the completion of
these assignments significantly impacts the the ability of our BRM project
to stay on schedule and within budget. If you are unable to complete this
assignment, please notify me ahead of time and provide an estimated time
for completion.

Thank you.

Sheri A. Righi
Accenture
Human Performance Service Line
Hartford - One Financial Plaza
Direct Dial: 860 756 2245
VPN & Octel: 765 2245
e-mail: sheri.a.righi@Accenture.com




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 - ECW Instructions.doc