---------------------- Forwarded by Esther Gerratt/LON/ECT on 28/06/2000 
16:21 ---------------------------


Andrea M Kerch
28/06/2000 15:28
To: Beth Apollo/LON/ECT@ECT
cc: Fernley Dyson/LON/ECT@ECT, Phillip D Lord/LON/ECT@ECT, Stanley 
Farmer/Corp/Enron@ENRON, Andrew Cornfield/LON/ECT@ECT, Richard 
Sage/LON/ECT@ECT, Naomi Connell/LON/ECT@ECT, Eric Gadd/LON/ECT@ECT, Esther 
Gerratt/LON/ECT@ECT, Timothy J Detmering/HOU/ECT@ECT, Patrick 
Conner/HOU/ECT@ECT, Fiona Grant/LON/ECT@ECT, Tina Ward/LON/ECT@ECT, Janine 
Juggins/LON/ECT@ECT, Claire Wright/LON/ECT@ECT, Bill Appleby/LON/ECT@ECT 

Subject: Merlin AA Due Diligence - Final Report

Please find attached a final copy of the due diligence report for MG.  The 
black line version marks all changes made from the draft that was forwarded 
to you on Wednesday, June 21.  I have also attached appendix V,VI and VII as 
those were provided to me in an electronic format.  If you are interested in 
obtaining a copy of one of the following appendices, please just come by and 
I can provide you with a hard copy.

I.  Engagement Letter
II. Group Structure
III. Henry Bath Warehouse List
IV. 31 March 2000 Balance Sheet

If you have any questions/comments on the report, please do not hesitate to 
give me a call.

Thanks

Andrea 



---------------------- Forwarded by Andrea M Kerch/LON/ECT on 28/06/2000 
15:14 ---------------------------


Lucy Greggains
28/06/2000 12:40
To: Andrea M Kerch/LON/ECT@ECT
cc: Simon.b.prew@uk.arthurandersen.com, lucy.greggains@uk.arthurandersen.com 

Subject: