Prior to our meeting last Friday, I had provided the guaranty template 
(below) to Western Resources, Inc.  The counterparty has approved the 
languange without any changes.  The request is for a $15,000,000 outgoing 
guaranty to cover both financial derivatives (gas and power) as well as 
physical gas.  Please advise on how we should proceed on the guaranty 
issuance.  FYI-On 6/15/00, I forwarded to Susan Flynn's attention a credit 
worksheet so that we can prepare ISDA docs.

Regards, 
Ed Sacks


---------------------- Forwarded by Edward Sacks/Corp/Enron on 06/20/2000 
10:25 AM ---------------------------


Edward Sacks
06/16/2000 08:55 AM
To: shane_mathis@wr.com
cc:  

Subject: Guaranty Template

Attached please find the guaranty form for your review.  If you have any 
comments or questions, please forward to my attention, so that we can proceed 
accordingly. 

Regards, 
Ed Sacks
(713) 345-7712