---------------------- Forwarded by Marcus Nettelton/NA/Enron on 01/16/2001 
10:14 AM ---------------------------


ppantano@mwe.com@mwe.com on 01/16/2001 10:14:33 AM
Sent by: darezina@mwe.com
To: alfred.pennisi@enron.com, alan.aronowitz@enron.com, 
limor.nissan@enron.com, marcus.nettelton@enron.com
cc:  

Subject: On the Subject . . .




(Embedded image moved to file: pic13301.pcx)

            New McDermott, Will & Emery "On the Subject..." Release

Attached please find a new "On the Subject..." release in Word format.  This
release discusses the new statutory framework applicable to futures, options 
and
over-the-counter derivatives transactions.  The new framework fundamentally
changes regulation of the futures industry and provides legal certainty and
regulatory relief for the derivatives activities of the banking and securities
industries.  The article was authored by Paul J. Pantano, partner in our
Washington, D.C. office and head of our Commodity and Energy Markets Group,
Andrea S. Kramer, partner in our Chicago office and head of the firm

?s Financial
Products, Trading, and Derivatives Group, Graham Rowbotham, head of the 
Banking,
Capital Markets and Financial Services Group in our London office, John J.
Sullivan, a partner in our New York office and member of our Corporate
Department, and David E. Aron, an associate our Washington, D.C. office and
member of our Commodity and Energy Markets Group.

For more information regarding this subject, please contact your regular
McDermott, Will and Emery attorney, or

Paul J. Pantano, Jr., 202/756-8026, ppantano@mwe.com
Andrea S. Kramer, 312/984-6480, akramer@mwe.com
Graham Rowbotham, 011-44-20-7577-6930, growbotham@europe.mwe.com
John J. Sullivan, 212/547-5567, jsullivan@mwe.com
David E. Aron, 202/756-8221, daron@mwe.com

(See attached file: WDC99_373274_2.DOC)

Paul J. Pantano, Jr.
McDermott, Will & Emery
600 13th Street, N.W.
Washington, DC 20005
Ph:    (202) 756-8026
Fax:  (202) 756-8087
Email:  ppantano@mwe.com


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For more information on McDERMOTT, WILL & EMERY please visit our website at:
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 - pic13301.pcx
 - WDC99_373274_2.DOC