Hello all,

Carol, I have sent to you copies of all confirmed deal activity currently 
evidencing live deal activity.  Let me know when I can discuss the below 
agreement with NGTS, as they are currently shut down on EOL and telephonic 
trading and the position continues to grow.

Thanks
Brant


---------------------- Forwarded by Brant Reves/HOU/ECT on 05/25/2000 03:37 
PM ---------------------------
   Carol St Clair                05/25/2000 03:04 PM

To: Sara Shackleton/HOU/ECT@ECT
cc: Brant Reves/HOU/ECT@ECT 
Subject: NGTS

Brant and Sara:
Here is a very rough draft of a proposed letter agreement for NGTS.  It 
requires some work but hopefully it's a start.  It cannot be finalized until 
we see all of the physical and financial confirms and agreements and should 
NOT be sent to NGTS until Sara and I are comfortable that it works.
Carol