See comments and recommendations in sections 2.1, 3.1, 11.2(b).





"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 08/16/2000 05:01:56 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>, "'herman.manis@enron.com'" 
<herman.manis@enron.com>
cc: "'fred.mitro@enron.com'" <fred.mitro@enron.com>, "Shindler, Donald A. - 
CHI" <Donald.Shindler@piperrudnick.com> 
Subject: #3148597 v1 - livingston county - fehr option to purchase


 <<302PL01_.DOC>>

Kay and Herman:
Per my conversation with Fred Mitro, please review the attached Land Option
Agreement for the Fehr property in Livingston County, Illinois for purposes
of off-balance sheet suitability.  Please call with any questions.  Thank
you.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347




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____________________________________________________________________________

 - 302PL01_.DOC