Mark,

We identified some matters (listed below) related to EnronOnline launch in 
Japan. Please advise.

Are there issues to be addressed on:
  - the compliance with local corporate requirements to trade the products 
currently available in EOL?
  - the determination of issues surrounding electronic trading 
(enforceability)?
  - unanticipated regulatory impacts (both local and international trading)?
  - the registration of internet domain names in the local jurisdiction?
  - the compliance with local documentation requirements?
  - the compliance with local Trade Practices Act?

Thanks in advance,

Mario Parra Cardoso
EnronOnline
5 8074