Guaranty Cap ,
 Adele:
I understand from my credit person that the new Guaranty caps will be set at 
$8,500,000.  I look forward to receiving from you the final drafts.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
adele.raspe2@pseg.com