----- Forwarded by Sara Shackleton/HOU/ECT on 08/17/2000 08:41 AM -----

	Mark Taylor
	08/16/2000 08:47 PM
		 
		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: 
		 Subject: Delta III Documents - Amendments to Delta Notes and Forms of Cons 
ent Thereto


----- Forwarded by Mark Taylor/HOU/ECT on 08/16/2000 08:47 PM -----

	MDunn1@milbank.com
	08/15/2000 08:51 PM
		 
		 To: amanda.angelini@ssmb.com, rick.caplan@ssmb.com, steve.incontro@ssmb.com, 
doug.mcdowell@enron.com, craig.clark@enron.com, ryan.siurek@enron.com, 
gareth.bahlmann@enron.com, clint.walden@enron.com, kevin.d.jordan@enron.com, 
mark.taylor@enron.com, carol.stclair@enron.com, brent.vasconcellos@enron.com, 
annmarie.tiller@enron.com, Kimberly.r.Scardino@us.arthurandersen.com, 
Fcochran@velaw.com, acurry@velaw.com
		 cc: FPuleo@milbank.com, EMoser@milbank.com, MMottesi@milbank.com, 
JFalzon@milbank.com, MDunn1@milbank.com
		 Subject: Delta III Documents - Amendments to Delta Notes and Forms of Cons 
ent Thereto




??????? Please find attached, for your review, Amendments to each of the 
currently outstanding Delta Notes, together with forms of Consent to such 
Amendments. These Amendments are needed in order to ensure that the Delta III 
transaction does not violate the negative covenants of the oustanding Delta 
Notes. Note that I have also attached a blacklined document with respect to 
each Amendment (the current version blacklined against a composite document) 
in order to highlight the alterations made to the definitions in each of the 
Delta Notes.

??????? Please note that these documents remain subject to further internal 
review.? The Remainder of the Delta III documents will follow.

??????? Please direct questions or comments regarding the attached documents 
to Mike Dunn at (212) 530-5435.? Best Regards.


 <<Yosemite III - Delta - Citibank Consent to Amendment No. 1 to Delta Note 
2.DOC>>   <<Yosemite III - Delta - Citibank Consent to Amendment of Delta 
Note 1.DOC>>   <<Yosemite III - Amendment No. 1 to Delta Note dated 
2232000.DOC>> 

? <<Yosemite III - Amendment No. 2 to Delta Note dated November 18, 
1999.DOC>> ?????  << Yosemite III - (Blackline)Amendment No. 2 to Delta Note 
dated 11.18.1999.rtf>> ????????  <<Yosemite III - (Blackline) Amendment No. 1 
to Delta Note dated 2.23.2000.rtf>> 


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 - Yosemite III - Delta - Citibank Consent to Amendment No. 1 to Delta Note 
2.DOC
 - Yosemite III - Delta - Citibank Consent to Amendment of Delta Note 1.DOC
 - Yosemite III - Amendment No. 1 to Delta Note dated 2232000.DOC
 - Yosemite III - Amendment No. 2 to Delta Note dated November 18, 1999.DOC
 -  Yosemite III - (Blackline)Amendment No. 2 to Delta Note dated 
11.18.1999.rtf
 - Yosemite III - (Blackline) Amendment No. 1 to Delta Note dated 
2.23.2000.rtf