Did we (GA) recommend the extension?  If so, nice recommendation.  Given the 
circumstances, it's a win-win, and still leaves us with the swaption to 
exercise at a later date.  Hope all is well. When I call, you're always in a 
meeting.  I will be on the leadership call tomorrow.  Hope you're well.

Best,
Jeff



	James D Steffes
	03/28/2001 04:18 PM
		 
		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Jeff 
Dasovich/NA/Enron@Enron
		 cc: 
		 Subject: Delay in circulating DWR Dash

FYI.
----- Forwarded by James D Steffes/NA/Enron on 03/28/2001 04:17 PM -----

	Tracy Ngo@ECT
	03/28/2001 03:39 PM
		 
		 To: Vladimir Gorny/Enron@EnronXGate, Frank Hayden/Enron@EnronXGate, 
Elizabeth Sager/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron
		 cc: William S Bradford/Enron@EnronXGate
		 Subject: Delay in circulating DWR Dash

Given the status of Phase I of DWR possibly being extended to the end of 
April, we will not be circulating a DASH at this time for the five-year DWR 
swaption.  Will advise at a later date of any developments.

Thanks all for your help for now.

Regards,
Tracy