Please try to track this down.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 01/14/2000 
08:27 AM ---------------------------


RTellis@milbank.com on 01/13/2000 04:42:12 PM
To: Richard B Sanders/HOU/ECT@ECT
cc: SHoward@milbank.com 
Subject: RE: Status of "B" Notes.



Richard, we have located charts prepared by someone at ECT indicating that
ECT held on to 11,750 units of the "B" NSM notes.  The Offering Memorandum
indicates that ECT was to purchase 12,210 units of the B notes.  Thus, it
appears that some 500 units were "sold." We would like to discuss the charts
with Travis or Kevin (during the visit to Houston - if not before).

Thanks.

-----Original Message-----
From: Richard B Sanders [mailto:rsander@ect.enron.com]
Sent: Thursday, January 13, 2000 2:35 PM
To: RTellis@milbank.com
Subject: Re: Status of "B" Notes.




Have you received all the information you need?




RTellis@milbank.com on 12/20/99 02:23:11 PM

To:   Richard B Sanders/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT
cc:
Subject:  Status of "B" Notes.



Just a reminder -- As discussed during our conference call this past Friday,
we are hoping to receive from you a chart or other documentation reflecting
what ECT did with the "B" NSM Notes that were purchased.  Thanks.


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