Here is my proposed response.  Let me know if you want to mention the last 
item or not.  Thanks.

Mike, I agree on having the trading attorneys continue to work on 
transactional work in Bolivia.  I also agree with Fede that to the extent a 
supply contract or off-take agreement is part of an overall financing 
agreement that the work ought to remain with the attorney in charge if 
overseeing the all the documentation for the project.  As always though we 
would be available to review provisions or answer any questions regarding 
Enron's position on trading issues.  Additionally, it may be possible that in 
the future a trading attorney in Brazil may be available to handle Bolivian 
issues as well.
Brent 

---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on 
14/02/2000 01:44 PM ---------------------------
   
	Enron International
	
	From:  Federico Cerisoli                           11/02/2000 07:23 PM
	

To: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami 
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John 
Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Brent 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 
Subject: Re:  

I agree.  One little comment.  Though the transactional legal work should 
remain in Argentina, as an exemption, I would suggest to use Brazilian 
resources for "project financeable" gas supply agreements.
Fede




Michael Guerriero

02/10/2000 05:50 PM

To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami 
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John 
Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Brent 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico 
Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: 

I like to convey my thoughts regarding Bolivia legal responsibilities in 
light of the recent adjustments in commercial responsibility for Bolivia gas 
supply. As of today we have moved all responsibility for Bolivian natural gas 
supply and projects into the wholesale group under Fede. We have also moved 
Gaby over to support the effort. 

In light of the need for my group to focus on making the Argentine commercial 
markets a success and the wholesale groups need to support the projects I 
would like to propose that all Bolivian project related legal work go to John 
Novak's group and  all transactional Bolivian legal work (sales and 
purchases) remain in Argentina. 

I believe this division of responsibilities leverages off everyone expertise 
and eliminates the bottle necks we are having in Argentina regarding the 
project work. It will also allow the Bolivian commercial people to be 
supported best with their respective local legal talent.

Please let me know your thoughts. 

MFG