---------------------- Forwarded by Zimin Lu/HOU/ECT on 11/10/2000 11:56 AM 
---------------------------
   
	
	
	From:  Lee Jackson                           11/10/2000 10:40 AM
	

To: Bob Lee/NA/Enron@Enron, Zimin Lu/HOU/ECT@ECT
cc: Douglas S Friedman/HOU/ECT@ECT 
Subject: Margin Collar

I wanted to give you the status on the BP margin collar deal.  We submitted a 
bid to BP yesterday where BP would pay Enron just under $5 MM to assume the 
contract.  We have yet to have further discussions, so there's not much more 
to report than that.  We greatly appreciate your help on this project.  I 
feel like we put together a very good bid, and measured the risks 
appropriately with limited time.  I will keep you informed of how the 
negotiations proceed.

Thanks again,

Lee Jackson