---------------------- Forwarded by Michael J Hutchinson/EU/Enron on 22/05/2001 12:17 ---------------------------
From:	Jonathan Marsh/Enron@EUEnronXGate on 18/05/2001 15:09
To:	Michael J Hutchinson/EU/Enron@Enron
cc:	Paul Simons/Enron@EUEnronXGate 

Subject:	MOU with NYMEX

Mike

I attach a letter of intent which I hope covers all the points we discussed this morning. On the basis that you asked for a memorandum of understanding the attached draft is fairly legalistic in tone. If you wanted something more informal let me know.

Paul - let me know if you have any comments.

Jonathan