this is their final version
---------------------- Forwarded by Lisa Mellencamp/HOU/ECT on 02/29/2000 
08:49 AM ---------------------------


"Rick Antonoff" <rantonof@cwt.com> on 02/28/2000 06:22:38 PM
To: Lisa Mellencamp/HOU/ECT@ECT
cc:  
Subject: Master Netting





Attached below is our memorandum on cross-product and cross-affiliate netting
and setoff.

(See attached file: #108922 v1 - master netting.doc)



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 - #108922 v1 - master netting.doc