I don't know who's working on this deal, so I'm forwarding docs to you all.  
Tax reps look ok to me.  [see Total Return Swap Confirmation - Sec. 3.2; 
Schedule - Part 5(l) and requirement that swap counterparty which is Enron 
Corp. deliver IRS 'Forms 1001 or 4224].  Please leave me voice mail or 
email.  Thanks.  Sara

ps.  this closes Friday morning
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/15/99 04:56 
PM ---------------------------


"DALLAS GUEST ACCOUNT #2" <DGUEST2@andrews-kurth.com> on 12/15/99 11:43:51 AM
To: Catherine Clark/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Donald W 
Herrick/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Alicia 
Goodrow/Corp/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT, 
Vbuckley@lockeliddell.com, mniebruegge@mayerbrown.com, pbrito@mayerbrown.com, 
eawilburn@prickett.com, Tamullen@prickett.com, Facciolo@rlf.com, 
Kenton@rlf.com, clint.carlin@us.arthurandersen.com, schottla@us.cibc.com, 
wolfmark@us.cibc.com, Jlawler@wilmingtontrust.com
cc: "DAVID BARBOUR" <BARBD@andrews-kurth.com>, "DALLAS GUEST ACCOUNT #2" 
<DGUEST2@andrews-kurth.com>, "DAVID GROVE" <GROVD@andrews-kurth.com>, 
"DEBORAH LOWE" <LOWED@andrews-kurth.com>, "SCOTT OLSON" 
<OLSOS@andrews-kurth.com>, "TOM POPPLEWELL" <POPPT@andrews-kurth.com>, 
"MARTHA WELMAKER" <WELMM@andrews-kurth.com> 
Subject: Project Ghost



Attached in Word are blacklines of the following documents marked to show 
changes from the previous version distributed:

1.    Facility Agreement;
2.    Trust Agreement;
3.    Swap Schedule;
4.    Swap Confirmation;
5.    G-Present LLC Agreement;
6.    G-Past LLC Agreement;
7.    G-Future LLC Agreement;
8.    Put Option Agreement;
9.    Put Option Assignment; and
10.  Notice of Assignment.

Please call me with any questions or comments.   Please note that I will be 
in our Houston office on Thursday and Friday.  You may reach me in Houston at 
(713) 220-4200; (713) 220-4285 (fax).

Danny Sullivan
Andrews & Kurth L.L.P.
(214) 659-4409 (Dallas Phone)
(214) 659-4401 (Dallas Fax)


 - 221589.doc
 - 221586.doc
 - 221581.doc
 - 221592.doc
 - 221606.doc
 - 221602.doc
 - 221603.doc
 - 221604.doc
 - 221605.doc
 - 221599.doc