Jim:  Thanks for following up.  Sara



	Jim Armogida@ENRON
	11/28/2000 09:49 AM
		
		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Rex Rogers/Corp/Enron@Enron, Stephanie Panus/NA/Enron@Enron
		 Subject: Re: ISDA Master with Lehman Brothers Finance S.A.--comments

Sara--  The arbitration set-up is OK, and JVD has approved.  My only comment 
is that eight years experience may be too much to ask, insofar as the third 
arbitor is concerned.   I won't have heartburn if we stick with that, but I 
do suggest that the agreement provide that less experience is acceptable upon 
request by the two arbitors and approval of both parties.