Greg,

Attached are the daily position reports for the various Raptor vehicles.  

Ben
----- Forwarded by Ben F Glisan/HOU/ECT on 11/22/2000 06:58 AM -----

	Gordon McKillop@ENRON
	11/21/2000 08:05 PM
		 
		 To: Ben F Glisan/HOU/ECT@ECT, Andrew S Fastow/HOU/ECT@ECT, Richard 
Causey/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT
		 cc: Barry Schnapper/Corp/Enron@Enron, Andrea V Reed/HOU/ECT@ECT, Ryan 
Siurek/Corp/Enron@ENRON, Kevin D Jordan/Corp/Enron@ENRON, Michael 
Kopper/HOU/ECT@ECT, Chris Loehr/HOU/ECT@ECT, Anne Yaeger/HOU/ECT@ECT, Rodney 
Faldyn/Corp/Enron@Enron, Ron Baker/Corp/Enron@ENRON, 
amy.flores@ljminvestments.com, L'Sheryl Hudson/HOU/ECT@ECT, Wes 
Colwell/HOU/ECT@ECT, Kevin Howard/Enron Communications@Enron Communications, 
David Port/Market Risk/Corp/Enron@ENRON, Jordan Mintz/HOU/ECT@ECT, Maria 
LeBeau/HOU/ECT@ECT, Michael S Galvan/HOU/ECT@ECT, David Maxwell/HOU/ECT@ECT, 
Susie Ayala/HOU/ECT@ECT, Hope Vargas/HOU/ECT@ECT
		 Subject: Raptor Position Reports for 11/20/00

The Raptor I credit capacity is at $94 million.  The credit capacity will be 
impacted by fourth quarter revaluations on Catalytica, Heartland Steel and 
other assets.  If the credit capacity is exceeded, Enron will need to reserve 
for the loss and any future losses.

The TNPC stock closed at $9.38 on November 20.  The closing price on November 
21 is $8.94 which results Raptor III exceeding its credit capacity by $12 
million.