ENE equity swap for 4/24/01 ,
 Jeff Nogid
Enron Global Finance
713-853-4782
----- Forwarded by Jeff Nogid/HOU/ECT on 04/24/01 04:59 PM -----

	Christine.Lee@ubsw.com
	04/24/01 04:37 PM
		 
		 To: jeff.nogid@enron.com
		 cc: 
		 Subject: ENE equity swap for 4/24/01


Jeff,

Details of today's trade are as follows:

Trade Date:     April 24, 2001
Maturity:       October 24, 2001
Number of Shares:    821,000
Initial Price:   $61.87
Notional:      $50,795,270
LIBOR:     4.36% (resets in 3mo)
Spread:         0.95%
Div Rebate (for this period): 0.7993%
All in Rate:    4.5107%
Next payment date:    July 24, 2001

As we discussed, equity and interest will be settled on the July 24
reset date and at maturity.

Please call me if you have any questions.

Regards,
Christine






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