Please do not book the below reserves.  We will revalue and forward later.

Ed Sacks

 -----Original Message-----
From: 	Brown, Kortney  
Sent:	Friday, September 14, 2001 7:38 AM
To:	Bradford, William S.; Buy, Rick; Hardy, Trey; Lewis,  Jon Paul; Reasoner, Monica; Rohauer, Tanya; Vinson, Donald Wayne; White, Stacey W.; Conwell, Wendy; Ngo, Tracy; Radous, Paul; Rance, Susan; Sacks, Edward
Subject:	Morgan Stanley Cal 04 Reserve for EOL

Please note the following additions to the domestic credit reserve for September 2001:

CP:  Morgan Stanley Capital Group Inc.
Deal No: 774674.1
EOL No: 1855290
Deal Date:  9/14/2001
Deal Specifics:  EPMI to buy 50MW On-Peak Power from Cinergy for Calendar Year 2004. 
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs On-Peak
Price:  $38.25
Delivery Point:  Cinergy
Trader/Mid-Marketer:  Fletch Sturm
Credit Reserve Amount:  $20,000 (twenty thousand US dollars)

CP:  Morgan Stanley Capital Group Inc.
Deal No: 773376.1
EOL No: 1852188
Deal Date:  9/13/2001
Deal Specifics:  EPMI to buy 50MW Off-Peak Power from Cinergy for Calendar Year 2004. 
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs Off-Peak
Price:  $21.75
Delivery Point:  Cinergy
Trader/Mid-Marketer:  Fletch Sturm
Credit Reserve Amount:  $23,000 (twenty-three thousand US dollars)

CP:  Morgan Stanley Capital Group Inc.
Deal No: 772602.1
EOL No: 1848996
Deal Date:  9/13/2001
Deal Specifics:  EPMI to buy 50MW Off-Peak Power from Cinergy for Calendar Year 2004. 
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs Off-Peak
Price:  $21.50
Delivery Point:  Cinergy
Trader/Mid-Marketer:  Fletch Sturm
Credit Reserve Amount:  $23,000 (twenty-three thousand US dollars)


RAC: transaction confirmed under Executed EEI dated 7/1/1997.


Please call w/any questions.

Kortney
x30616