FYI - Please see attached information from Kate Cole. 

Deb Korkmas
Enron North America Corp.
ENA Legal Dept.
1400 Smith Street, Room 3819
Houston, TX  77002
Phone:  713-853-5448
Fax:  713-646-3393
----- Forwarded by Deb Korkmas/HOU/ECT on 10/13/2000 09:27 AM -----

	Kate Cole@ENRON
	10/13/2000 09:05 AM
		 
		 To: Melanie Curran/EWC/Enron@ENRON, Sue Kelly/LON/ECT@ECT, Robin Hill/Enron 
Communications@Enron Communications, Deb Korkmas/HOU/ECT@ECT, Mary 
Ogden/HOU/ECT@ECT, Lori Pinder/HOU/EES@EES, Annette Patrick/LON/ECT@ECT, 
Bonnie_Rushing@pgn.com, Ed B Hearn III/HOU/ECT@ECT, Julie 
Delahay/EWC/Enron@ENRON, Barbara Hankins/HOU/AZURIX@AZURIX, Lorna 
Jones/LON/ECT@ECT, Michael Slade/LON/ECT@ECT, David Bateman/Corp/Enron@ENRON
		 cc: Hardie Davis/Corp/Enron@ENRON, Teresa Callahan/Corp/Enron@Enron
		 Subject: Huntlaw Corporate Services Limited -  COMPLIANCE PROCEDURES FOR 
CAYMAN ISLANDS COMPANIES

I'm attaching a memorandum from Hunter & Hunter, our Cayman Islands counsel, 
regarding recent changes in Cayman Islands laws and regulations.  Please 
forward it to other interested parties in your departments.

One immediate consequence of these changes is the request by counsel that we 
provide them with more detail on the intended business activities of our new 
subsidiaries in the A&J memos that are sent to them.  Without being 
impractical, something more than "Oil & Gas exploration in Mexico" (by way of 
example) is requested.  If it is impossible to provide more meaningful detail 
without going on extensively, then the current practice will have to continue 
to be acceptable.  However, a business purpose of "holding company" is 
probably not going to be acceptable.

If you have specific questions or concerns after reviewing the memorandum, I 
suggest that you contact Rory Todd or another representative of Hunter & 
Hunter (phone:  345-949-4900; fax:  345-949-5175; email rtodd@huntlaw.com.ky).





Thanks guys!  Kate

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
FAX: (713) 646-8007
Email: kate.cole@enron.com