We have received a settlement offer from U.S. Brick with respect to two financial trades (V48090.1, V48242.1 dated April 20, 2001) on GTC's.  CP is disputing previoius invoices and has not yet terminated the trades.

Settlement offer is $200,00 per letter dated January 22, 2002.

Please advise regarding FMTM, your "spreadsheet" and outstanding confirms.  Thanks.

SS

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490