Since we are no longer using Maverix, that guarantee can be done away with.    Are the rest all really with Enron?    In the underlying deals do we have any ability to ask for better than a guarantee if enron is downgraded?    

 -----Original Message-----
From: 	Cherry, Paul  
Sent:	Tuesday, November 20, 2001 2:02 PM
To:	Hayslett, Rod; Peters, Jerry; Howard, Kevin A.
Cc:	Lastovica, Karen; Sheffield, Sandy; Homan, Rita; White, Angela
Subject:	Enron Corp. Exposure - ETS

In reference to recent developments and financings, attached for your review is a consolidated listing by business entity of the Enron Corp. credit support that is held or in process. Also, I have included the unsecured trading positions.

If there are any questions or additional information is needed, please advise.

Regards.


 << File: Enron Corp EXPOSURE.xls >>