Clint,

Here is the confirm for the proposed put options without net share
settlement,

>  <<ENRON.issuerput.03.15.01.doc>>
>
Russell F. Hackmann, CFA
Corporate Equity Derivatives
Lehman Brothers Inc.
(212) 526-8398
(212) 526-2755 (fax)
rhackman@lehman.com

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distribution or copying of this message is strictly prohibited.  This 
communication is for information purposes only and should not be regarded as 
an offer to sell or as a solicitation of an offer to buy any financial 
product, an official confirmation of any transaction, or as an official 
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be secure or error-free.  Therefore, we do not represent that this 
information is complete or accurate and it should not be relied upon as 
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 - ENRON.issuerput.03.15.01.doc