Jeff:

We don't have provisions in a physical contract requiring posting collateral, 
do we?

Teresa



Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com


----- Forwarded by Teresa G Bushman/HOU/ECT on 12/13/2000 08:33 PM -----

	Michael Garberding
	12/13/2000 05:08 PM
		
		 To: Teresa G Bushman/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Enron/Mahonia December 2000 forward sale documents

Teresa,

Two quick questions - first, where will the rehypothecation procedures with 
regard to Stoneville be documented (between Stoneville and Enron)?  Second, 
why did the "Interest Rate" definition in the Margin Agreement Amendment 
change from a Libor-based number to a Fed Funds-based number?  Thanks again 
and let me know.

Mike



Joseph Deffner   12/13/2000 02:42 PM

To: Michael Garberding/HOU/ECT@ECT
cc:  
Subject: Re: Enron/Mahonia December 2000 forward sale documents


---------------------- Forwarded by Joseph Deffner/HOU/ECT on 12/13/2000 
02:36 PM ---------------------------


Teresa G Bushman
12/12/2000 06:26 PM
To: "Rosser, Dianna" <drosser@velaw.com>@ENRON
cc: "Shouse, August" <AShouse@velaw.com>, Joseph Deffner/HOU/ECT@ECT 
Subject: Re: Enron/Mahonia December 2000 forward sale documents  

Dianna:

Attached is an Amendment to the most recent Margin Agreement that is being 
circulated.  Please incorporate these changes into the Margin Agreement.

Thanks.

Teresa

 





Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com





	"Rosser, Dianna" <drosser@velaw.com>
	12/12/2000 06:05 PM
		 
		 To: "'teresa.g.bushman@enron.com'" <teresa.g.bushman@enron.com>
		 cc: "Shouse, August" <AShouse@velaw.com>
		 Subject: Enron/Mahonia December 2000 forward sale documents


Teresa,

Attached please find clean and blacklined drafts of the main documents.
Augie and I have talked with Milbank and plan to send them drafts of these
documents tomorrow, but we wanted to give you a chance to review them first.
Please feel free to call or e-mail us with any questions or comments.

Warm regards,

Dianna J. Rosser
Vinson & Elkins L.L.P.
Business and International Section
3300 First City Tower
1001 Fannin Street
Houston, Texas 77002-6760
tel: (713) 758-3688
fax: (713) 615-5899
email: drosser@velaw.com



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 - Houston_404917_2 (2).DOC
 - Houston_404942_1.DOC
 - Houston_404948_1.DOC
 - Houston_408015_1.DOC
 - Houston_408008_1.DOC
 - Houston_408002_1.DOC
 - Houston_407997_1.DOC
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