please print these for me.  thanks.  ss
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/14/99 01:33 
PM ---------------------------


"DALLAS GUEST ACCOUNT #2" <DGUEST2@andrews-kurth.com> on 12/13/99 09:47:37 AM
To: Catherine Clark/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Donald W 
Herrick/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Alicia 
Goodrow/Corp/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT, 
Vbuckley@lockeliddell.com, mniebruegge@mayerbrown.com, pbrito@mayerbrown.com, 
eawilburn@prickett.com, Tamullen@prickett.com, Facciolo@rlf.com, 
Kenton@rlf.com, clint.carlin@us.arthurandersen.com, scottla@us.cibc.com, 
wolfmark@us.cibc.com, Jlawler@wilmingtontrust.com
cc: "DAVID BARBOUR" <BARBD@andrews-kurth.com>, "DALLAS GUEST ACCOUNT #2" 
<DGUEST2@andrews-kurth.com>, "DEBORAH LOWE" <LOWED@andrews-kurth.com>, "SCOTT 
OLSON" <OLSOS@andrews-kurth.com>, "TOM POPPLEWELL" <POPPT@andrews-kurth.com>, 
"MARTHA WELMAKER" <WELMM@andrews-kurth.com> 
Subject: Revised Ghost Swap Documents



I attach the swap confirmation and schedule, marked against the versions 
previosly circulated.

The amendments reflect:

1.  The relevant provisions of the August Citibank Revolver

2.  The fact that Enron Corp. is now the direct swap counterparty.

3.  Comments from Enron in-house counsel. In particular, I am told that a 
simplified payment provision is now generally being used in the swap confirm 
(see Section 2)

Please call with any questions or comments.

Danny Sullivan 214 659 4409

 - 216480.wpd
 - 216444v5.wpd
 - 216480.doc
 - 216444v5.doc