Clint:  after the meeting, Jim advised me that the ENE board resolution will 
be drafted for the Oct. meeting.  In the interim, he is convinced that only 
Enron Corp. should be a swap party to these equity swaps, forwards, etc.  I 
am going to speak with Rod Nelson (credit) and make some changes to our 
approach.  This should also make life easier negotiating with Lehman and Bear 
(from a credit perspecttive) but we'll reach an obvious stalemate when they 
ask for an Enron Corp. resolution (forthcoming after the relevant board 
meeting.  Sara