These are the comments from Valentis Investors, LLC.  I will forward my 
comments to you shortly.

 -----Original Message-----
From:  PAUL JACOBI <PJACOB@wexford.com>@ENRON 
[mailto:IMCEANOTES-PAUL+20JACOBI+20+3CPJACOB+40wexford+2Ecom+3E+40ENRON@ENRON.
com] 
Sent: Wednesday, June 06, 2001 3:39 PM
To: Abramo, Caroline; Radous, Paul
Cc: KEN RUBIN
Subject: ISDA Agreement

Please find attached our marked copy of the agreement.  Let me know if you
have any questions.

Paul Jacobi
Wexford Capital LLC
Phone: (203) 862-7074
Fax:     (203) 862-7374
Email: pjacob@wexford.com


 <<1-NY_1301759_11_.doc>>

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