Attached is a revised Credit Watch listing as of 3/22/01.    Please note that 
the status of both PG&E Energy Trading-Gas Corp. and PG&E Energy 
Trading-Canada Corp. is "NO TRADES".
If there are any personnel in your group that were not included in this 
distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been 
sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Bill Bradford at x3-3831, Russell Diamond 
at x5-7095, or Brant Reves at x3-9897.