One change to the drafts I just forwarded.  The second sentence of the  
Purchase Price section in the Term Sheet will be deleted.  The purchase price 
will be all cash and no note will be executed. 
----- Forwarded by Gerald Nemec/HOU/ECT on 08/04/2000 05:42 PM -----

	Gerald Nemec
	08/04/2000 05:15 PM
		 
		 To: Eva Neufeld/NPNG/Enron@ENRON, Robert Hill/NPNG/Enron@ENRON, Paul 
Miller/NPNG/Enron@ENRON
		 cc: Brian Bierbach/DEN/ECT@Enron, Mark Whitt/DEN/ECT@Enron, Michelle 
Cash/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Brian 
Redmond/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT, 
Chris Hilgert/HOU/ECT@ect, Ann Ballard/Corp/Enron@ENRON, Ranabir 
Dutt/Corp/Enron@Enron, hhaltom@andrews-kurth.com, robtaylor@andrews-kurth.com
		 Subject: Project 20/20

Attached are clean and blacklined version of the revised Letter of 
Understanding



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