Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 09/15/2000 02:49 PM -----

	Barton Clark
	09/15/2000 02:07 PM
		
		 To: Brian Schwertner/NA/Enron@ENRON
		 cc: Hope Vargas/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Mary 
Cook/HOU/ECT@ECT, Michael S Galvan/HOU/ECT@ECT
		 Subject: Re: 

A couple of clarifications to the Proposal itself. The option to acquire 
535,715 additional shares is in place now and is currently exercisable by 
payment of the $26.88 per share strike price, but after effectiveness of the 
CCSI S-1 related to the spin-off, we have the option to exercise the option 
on a cashless basis and the shares will be split 2 for 1. That wasn't clear 
to me in the revision, and I will have my secretary E-Mail to you and the 
other members of the distribution a revised Proposal reflecting my 
clarifications on those points and Exhibit A incorporated therein.