FYI, see English translation at the bottom.
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on 
20/12/99 08:06 AM ---------------------------


Enron South America
17/12/99 07:22 PM
Sent by: Rosely Nassar
To: Sao Paulo Brazil - Office Staff, Rio de Janeiro Brazil - Office Staff, 
Salvador Brazil - Office Staff, Buenos Aires Argentina - Office Staff, Brenda 
Garza-Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Molly 
Bobrow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Allen W 
Ueckert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Trevor 
Mihalik/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rafael 
Rangel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael 
Kenneally/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Thach C 
Phan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yan 
Jin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeremy 
Dawson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen E 
Campos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mercy 
Ruiz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robin L 
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D'Souza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Grisela 
Escamilla/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Glenn E 
Matthys/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cuiaba Brazil - Office Staff
cc:  
Subject: Michael Guerriero

Temos o prazer de comunicar que Mike Guerriero aceitou ser realocado em  
Buenos Aires para chefiar os neg?cios do mercado de commodities, com o t?tulo 
de Presidente da Enron Argentina.

Mike vem agregar muitos anos de experincia aos nossos neg?cios na ?Argentina.  Antes de juntar-se . Enron, Mike trabalhou desde 1986 ?desenvolvendo mercados e companhias de trading nos mercados de privatiza??o ?de energia nos Estados Unidos.??Grandes progressos foram atingidos nos neg?cios argentinos com grande n?mero ?de clientes e  volumes de transa??es crescendo significativamente nos ?ltimos ?dois anos.  Estamos confiantes de que Mike est? instrumentado para levar os ?neg?cios adiante e ajudar a Enron a dominar o mercado de gas e energia na ?Argentina.??Juntem-se a n?s para parabenizar Mike na sua nova posi??o.???Don Black & Scott Porter ?????We are pleased to announce that Mike Guerriero has agreed to relocate to ?Buenos Aires to head the commodity marketing business for Enron, and assume ?the title of President - Enron Argentina.  ??Mike brings many years of energy experience to our business in Argentina.  ?Prior to joining Enron, since 1986 Mike has been growing and building ?marketing and trading companies in the deregulating energy markets of the ?United States.   ??Great progress has been achieved in the Argentine business with our number of ?customers and traded volumes growing significantly in the past 2 years.  We ?are confident that Mike will be instrumental in taking this business to the ?next level and helping Enron become the dominant gas and power marketer in ?Argentina.  ??Please join us in congratulating Mike on his new position.???Don Black & Scott Porter????