p
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 03/09/2000 
02:05 PM ---------------------------
   
	Enron North America Corp.
	
	From:  David Portz                           03/09/2000 01:37 PM
	

To: Elizabeth Sager/HOU/ECT@ECT
cc:  
Subject: Formosa draft terms sheet

 Per my voicemail, attached is a copy of the term sheet as marked up by me, 
not yet shown to Ray Hoppe.