Ricardo;

Please be advised that Pinheiro Neto has been engaged as local counsel to 
prepare a memo with respect to the legal framework to implement EOL in 
Brazil.  Lacaz Martins has not been engaged as local counsel to EOL; Lacaz 
Martins has been engaged to act as counsel to a Direct Sales deal.  If you 
want to take advantadge of Lacaz Martins' legal opinion (Direct Sales deal) 
because it will also address an important tax issue under the EOL business, 
please note that Lacaz Martins is not counsel for EOL and Pinheiro Neto would 
have to review such opinion.

Rgds,

Sami






Ricardo Lisboa
05/05/2000 04:42 PM
To: Joe Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Steve Nagy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julie 
Ramos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Remi 
Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott Mills@ECT, Andrea 
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Denise M 
Macedo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David M 
Rosenberg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Forster@ECT, Don 
Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luis 
Berti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Sami 
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jose 
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, mparraca@enron.com 

Subject: EnronOnline Activity Report - Brazil

Please find attachaed the Activity Report for EnronOnline implementation in 
Brazil.

Thanks
Ricardo Lisboa