With respect to he Bakersfield Californian on the list below, I am amending 
my original approval for this counterparty to approve them to enter into 
newsprint swaps and options only.  At this time our list does not reflect the 
individual products you are trading.  I understand from Mark Taylor that he 
spoke to Jeff Harbert last night about amending your excel spreadsheet to add 
the individual pulp and paper financial products, since restrictions such as 
this one will occur from time to time.
----- Forwarded by Tana Jones/HOU/ECT on 08/09/2000 10:36 AM -----

	Tana Jones
	07/27/2000 10:21 AM
		 
		 To: Jarrod Cyprow/HOU/ECT@ECT, Michelle Bruce/HOU/ECT@ECT
		 cc: 
		 Subject: Click Paper Approvals for 7/25/00

Attached is the referenced list.  The Bakersfield California is approved to 
only do newsprint commodity swaps and options.  Therefore, I have turned them 
down to trade the current products we have available online.  As our product 
base expands, we can send them through again as an amended counterparty if we 
offer newprint commodity swaps and options online.