... and another.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 12/12/2000 12:55 PM 
---------------------------
   
	Enron North America Corp.
	
	From:  Kevin Meredith @ ENRON                           12/11/2000 01:34 PM
	

To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H 
Douglas/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Bjorn 
Hagelmann/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Melba 
Lozano/HOU/ECT@ECT, Jason Althaus/Corp/Enron@Enron, Robert B 
Cass/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT 
Subject: NEW ENRONONLINE PRODUCT - PLEASE APPROVE

Your review and approval of the following two product type in the EOL 
Datamanager is needed (for directions on approval , please see steps for 
approval at the bottom of this e-mail).  

Trader: Larry Gagliardi

Note: The actual Sigma Factor for this product is $1.62.  Once the product 
has been approved, the existing Sigma Factor will be corrected.

Example:

US MTBE Swap   Platts GC WB  Mo/Yr  USD/Gl-b

New Product TypeCommodity:  
Product Type:   US MTBE Fin Swap
Commodity: MTBE 
Currency:     USD
Default UOM:   Barrels
Country:   USA

Financial Description :
A US Methyl Tertiary Butyl Ether (M.T.B.E.) financial Swap Transaction with 
Enron North America Corp. under which the Seller pays a Floating Price and 
the Buyer pays the price submitted by Counterparty on the website (the Fixed 
Price) in each case in respect of the Notional Quantity per Determination 
Period. The Notional Quantity per Determination Period shall be the volume 
submitted by Counterparty on the website. Each calendar month during the term 
of the Transaction will be a Determination Period; provided, that in the 
event the term of the Transaction is less than one month, the term of the 
Transaction shall be the Determination Period. The Payment Date(s) will be 5 
business days after the Floating Price is determinable. The Floating Price 
shall be the Index for the relevant Determination Period.

The term of the Transaction shall be from the Effective Date of 01 Dec 2000 
to the Termination Date of 31 Dec 2000.

The Index for a Determination Period shall be the arithmetic average of the 
mean of the daily high and low quotations for M.T.B.E. located in the talbe 
entitled "Product Price Assessments:  U.S. Gulf Coast:  Waterborne:  c/Gal:  
MTBE" for those issues of Platt's Oilgram Price Report published for the  
applicable Determination Period.

The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.

The unit of measure against which the price is quoted shall be gallons and 
the volume shown shall be in total number of Barrels (42 US Gallons) per 
month.

==============================================================================
=====
STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"
  
Thanks - Rob Cass  -  Melba Lozano - Kevin Meredith
                   x35491           x58986                  x39555