I have spoken with Ron Carletta at the CFTC and explained our position - that is that as far as we know the LJM entities have only engaged in exempt transactions and are not required to register as CPO's.  He has my name and number if he has any further questions.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
1400 Smith Street - EB3892
Houston, Texas 77008
(713)853-7459
(713)646-3490 (fax)