---------------------- Forwarded by Chris Germany/HOU/ECT on 08/07/2000 08:41 
AM ---------------------------


"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 08/01/2000 
09:28:47 AM
To: 
cc:  
Subject: Transco - Cash Out Indices/July 2000



Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: Rate Department 1-800-248-0404 Option #7
July 1, 2000

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Cashout Indices - July 2000



    FT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                3.9610        3.5900     4.2700
  Zone 2                4.0020        3.6325     4.3100
  Zone 3                4.0430        3.6750     4.3500
  Zone 4                4.0638        3.6941     4.3722
  Zone 5                4.1539        3.7770     4.4683
  Zone 6                4.2286        3.8457     4.5480

    IT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                3.9610        3.5900     4.2700
  Zone 2                4.0020        3.6325     4.3100
  Zone 3                4.0430        3.6750     4.3500
  Zone 4                4.0957        3.7260     4.4041
  Zone 5                4.3015        3.9246     4.6159
  Zone 6                4.4618        4.0789     4.7812

   FTG                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                3.9610        3.5900     4.2700
  Zone 2                4.0020        3.6325     4.3100
  Zone 3                4.0430        3.6750     4.3500
  Zone 4                4.1168        3.7471     4.4252
  Zone 5                4.3997        3.0228     4.7141

                         AVG.          BUY        SELL
                        ------        ------     ------
  FTNT                  4.0520        3.6800     4.3700


For information concerning cashout transactions, please contact
Orie Harris at (713)215-4390.