Mark Taylor has asked me to respond to your email.
The NYMEX considers the trades of ENA and its two other principal trading 
affiliates (Enron Canada and Enron London), as well as any other affiliates, 
to be one and the same as ENA.   The Annual Hedge Exemption applications 
require that ENA represent whether its officers, employees, owners, or agents 
have a power of attorney, control or have a financial interest in any other 
related commodity future(s) account either individually or acting with 
another person pursuant to express or implied agreement.as indicated in the 
original email from Mark.   In order to make this representation we need to 
do due duligence to establish whether our employees have any such accounts, 
and if they have such an account, whether having so might raise any concerns 
with the NYMEX.
This annual email has a secondary helpful control purpose.  It fleshes out 
the trading of employees that might be in violation of the Company's Trading 
Policy.   The Trading Policy prohibits Enron employees from trading any 
products that the company trades. 



	Mark Taylor
	06/26/2000 09:02 AM
		 
		 To: Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Enron North America Corp. NYMEX Hedge Exemption Applications


----- Forwarded by Mark Taylor/HOU/ECT on 06/26/2000 10:01 AM -----

	Elliot Fullwood@ECT
	06/26/2000 07:38 AM
		
		 To: Mark Taylor@ENRON
		 cc: 
		 Subject: Re: Enron North America Corp. NYMEX Hedge Exemption Applications

Mark,

I do not understand this.  Please explain.
-------------------------

Elliot Fullwood,

Enron Europe Finance and Trading Ltd.           Tel: +44 (0)20 7783 0000
40 Grosvenor Place                                                 Direct: 
+44 (0)20 7783 6906
LONDON                                                                     
Fax: +44 (0)20 7783 9018
SW1X 7EN


   
	Enron Capital & Trade Resources Corp.
	
	From:  Mark Taylor @ ENRON                           22/06/2000 01:39
	

Sent by: Enron Announcements@ENRON
To: Everyone_in_ECT_Calgary, Everyone_in_ECT_London, Everyone_in_ECT_Denver, 
Everyone_in_ECT_Singapore
cc:  

Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

We are in the process of preparing applications for position limit exemptions 
for ENA,s NYMEX energy commodities futures trading.  These applications 
require that ENA represent whether its officers, employees, owners, or agents 
have a power of attorney, control or have a financial interest in any other 
related commodity future(s) account either individually or acting with 
another person pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany 
email or call her at (713) 853-3399 by the end of business Friday, June 30, 
2000 if you have any power of attorney, control or have a financial interest 
in any commodity futures account (other than an ENA or other trading 
affiliate account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO 
THIS REQUEST.