Below is the ETS Risk Management Policy, currently Cassandra Schultz in RAC 
is reviewing the policy, but we would appreciate any input from you that 
would help.

Dan
---------------------- Forwarded by Dan Fancler/ET&S/Enron on 11/15/2000 
07:33 AM ---------------------------
   
	
	
	From:  Dan Fancler                           11/09/2000 01:12 PM
	

To: Rudi Zipter/HOU/ECT@ECT
cc: Bob Chandler/ET&S/Enron@Enron, Jerry Peters/NPNG/Enron@ENRON, Drew 
Fossum@ENRON, Tony Pryor/ET&S/Enron@ENRON 

Subject: ETS Risk Management Policy

Rudi,

Below is ETS Risk Management Policy, which we would like Corporate to review 
before it is presented to management for approval and limit establishment.  I 
have also attached a 1st draft of the Risk Management Procedures and Controls 
that while not all are fully in place we expect them to be operational once 
transactional active increases. 

Rudi, who would be the person to check with on this policy.