Mark, let's discuss this and get with Kevin.  Thanks, Kim.

 -----Original Message-----
From: 	Howard, Kevin A.  
Sent:	Wednesday, March 13, 2002 9:22 AM
To:	Watson, Kimberly
Subject:	One more TransPecos question

Kim:
In the past, we have looked at this as a joint venture - my understanding is that this has been changed to an undivided ownership at the TW level.  From a deal structuring perspective, this is a major change. I just need to re-think this one a bit.  
Kevin