We are currently working on fixing the credit capacity in the Raptor 
structure.  The current thinking is that the swap will be at the money and 
look like the other private swaps in Raptor I and II.  The amount, 
termination date and Raptor vehicle are still being discussed.  The 
termination date could  change with the credit capacity fix.  I will provide 
you the information when it is finalized.
Thanks,
Gordon




	Sara Shackleton@ECT
	03/21/2001 09:01 AM
		 
		 To: Gordon McKillop/NA/Enron@ENRON
		 cc: Carol St Clair/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 Subject: mariner

Gordon:  Please advise Carol, Mary and me.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/21/2001 08:59 AM -----

	Lisa Mellencamp
	03/21/2001 08:38 AM
		 
		 To: Gordon McKillop/NA/Enron@ENRON
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: mariner

gordon what will the terms of the raptor swap on mariner be??
Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com