No we did not execute a deal.  I believe we left it (via our exchanged VMs) 
that we would drop the CSA on the ISDA and only allow the one transaction 
(due to the netting concerns).  I have not heard from Moulton; however, it is 
worth noting that Moulton is leaving the Paper & Pulp group, so this may 
become a lower priority.  Hope you have a good vacation!


From: Sara Shackleton on 10/16/2000 11:12 AM
To: Tanya Rohauer/HOU/ECT@ECT
cc:  
Subject: SITA

Tanya:  I just returned from vacation.  What happened with SITA?  Did we 
execute a transaction (in the name of ECTRIC) on a Deemed ISDA (with or 
without credit?).  I didn't see an entry in Lotus Notes.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/16/2000 11:10 AM -----

	"Susan Hopkinson" <susan.hopkinson@lovells.com>
	10/09/2000 03:27 AM
		 
		 To: <Sara.Shackleton@enron.com>
		 cc: 
		 Subject: SITA


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Further to my fax of 3 October we have SITA's instructions.

1 - Credit Support Annex :

SITA's position is unchanged. SITA does not wish to have a Credit Support 
Annex.  SITA have asked that ENRON come up with a proposal on the term and 
volume of the transactions on the basis of no Credit Support Annex.

2 - SITA does not provide investment services ancillary to its main 
activities. Do you have any news regarding ENRON on this point?

Kind regards
Susan Hopkinson





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