Just a "heads up".  This product will be uploaded next week.  Stephanie will 
coordinate with you between today and Monday regarding profiles.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 02/23/2001 10:15 AM 
---------------------------


Chris Walker
02/23/2001 10:00 AM
To: Matthew Adams/Corp/Enron@ENRON
cc: Robert B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Kevin 
Meredith/Corp/Enron@ENRON, Lisa Lees/HOU/ECT@ECT, Stephanie 
Sever/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, 
Torrey Moorer/HOU/ECT@ECT 
Subject: New Product Type (US ResiOil Swap)

Matthew,

Have you had a chance to look at this?

Please let me know if you need additional information.

CW

I need a sigma factor for the following product type.

Thanks,

Chris Walker
3-7533

US ResidOil Swap Platts NY No. 6 1%            Apr01           USD/bl/m

A US Residual Fuel Oil financial Swap Transaction with Enron North America 
Corp. under which the Seller pays a Floating Price and the Buyer pays the 
price submitted by Counterparty on the Website (the Fixed Price) in each case 
in respect of the Notional Quantity per Determination Period. Each calendar 
month during the term of the Transaction will be a Determination Period.  The 
Notional Quantity per Determination Period shall be the volume for the 
relevant Determination Period (calculated using the volume submitted by 
Counterparty via EnronOnline).   The Payment Date(s) will be 5 business days 
after the Floating Price is determinable.  The Floating Price shall be the 
Index for the relevant Determination Period.
The term of the Transaction shall be from the Effective Date of 01 Apr 2001 
to the Termination Date of 30 Apr 2001.

The Index shall be the arithmetic average of the mean of the daily quotations 
for No. 6, 1% S Max appearing under the heading "New York/Boston Cargo" in 
the section entitled "Product Price Assessments" for those issues of Platt's 
Oilgram Price Reports published for the applicable Determination Period.

The price is quoted in US Dollars per unit of measure, which will be the 
Contractual Currency.

The unit of measure against which the price is quoted shall be Barrels per 
month and the quantity shown shall be in Barrels per month.