---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/28/2000 
08:18 AM ---------------------------


Stinson Gibner@ECT
12/27/2000 08:09 PM
To: Greg Whalley/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT 

Subject: EOL WTI Historical Trade Simulation

Greg,

Here are results corrected for spread profit per round-trip transaction.   
Prior results incorrectly counted a spread profit per trade.

Stinson