I thought this might be helpful to you.  It is a short narrative on the off 
balance sheet funding vehicle done the first round.  It is this vehicle into 
which the KCS 2 deal will be placed.


Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 05/24/2001 05:01 PM -----

	Mary Cook
	01/12/2001 01:57 PM
		 
		 To: Carol St Clair/HOU/ECT@ECT
		 cc: 
		 Subject: Joshua Tree/Brazos

Thought you might want to read the general narrative in the attached before 
we get together.  Mary




Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com