Bear Stearns International Limited ("Bear") ,
 Kim:

Just giving you the heads up about a derivatives trade being documented by Gil Melman who is a lawyer with Enron Principal Investments.  Gil has negotiated a deemed ISDA with Bear and the trade has not been run through or documented by a desk.  You may want to contact him for a copy of the trade.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490
s..theriot@enron.com