I have asked Lech Kalemkba to give you a call.




                    Carol.St.Clair
                    @enron.com            To:     david.mitchell@cwt.com
                    Office:               cc:     Mary.Cook@enron.com,
                                          Sara.Shackleton@enron.com
                    05/31/01 01:45        Subject:     Article 9 Chnages
                    PM





David:
Have you done any memos outlining the changes to Article 9 and if so, is it
something that we can see?  Also, is it your view that  New York will adopt
the new Article 9 and if so, when?  Finally, given the fact that Enron's
primary type of collateral are LC's and cash, and we rely on perfection by
possession, do you think that there is anything about the new Article 9
that we should be worrying about?  If this question requires more time to
analyze let's talk first.  Thanks.
Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com






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