Deal QQ9854 does not become a NX3 swap until after Dec. 21, 2001, if it 
assigned.  Before then it has to be booked as a swaption expiring on Dec 21, 
2001.

Thanks,

Errol




Janie Aguayo@ECT
02/09/2001 05:14 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:  

Subject: Rebook

Hi Errol,

Would you please change the index on QQ9854.1 & .2 to NX3.

Thank you - Janie