Kate:

Per my voice mail, I suggest the following as paragraph 2 to the Transfer and 
Assumption Agreement:

"WHEREAS, ....options for sale and purchase of physical energy commodities, 
in the case of EPMI (the "EPMI ransactions") or certain financial swaps, 
options or other financially settled derivative transactions, in the case of 
ENAC (the "ENAC Transactions") ..."

Also, am working on the jurisdiction issue.

Please call me at 713-705-1823
email me per below AND :       sshackl@swbell.net

Thanks.  Sara




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



	kpolozie@mwe.com
	03/15/2001 12:55 PM
		 
		 To: Janice.R.Moore@enron.com, sshackl@enron.com, TeiglandL@sullcrom.com, 
gilbergd@sullcrom.com, yyaish@exchange.ml.com
		 cc: ppantano@mwe.com, rpaul@mwe.com, daron@mwe.com, darezina@mwe.com
		 Subject: Transfer and Assumption Agreement




Attached please find the Transfer and Assumption Agreement.  In the interest 
of
time, I am sending this document to all parties simultaneously.  Thus, Merrill
Lynch and/ or Sullivan & Cromwell may have further comments.

Best regards,

Kate Polozie

Katarina B. Polozie
McDermott, Will & Emery
kpolozie@mwe.com
(202) 756-8130
(See attached file: WDC99_390293_11.DOC)


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 - WDC99_390293_11.DOC