Transfer of Merrill Lynch International Bank FX Business ,
 Are you aware of this?  I don't know the relationship between these two banks 
and whether our 7/1/95 ISDA will be transferred to the UK bank.  Let me know 
if you have any information.  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 07/25/2000 09:30 AM -----

	Tana Jones
	07/24/2000 04:56 PM
		 
		 To: Tanya Rohauer/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
		 cc: Gary Hickerson/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Sara 
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, 
Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron
		 Subject: Transfer of Merrill Lynch International Bank FX Business

We have received a notice dated 7/10/00 from Merrill Lynch International Bank 
that it intends to transfer their FX business to Merrill Lynch International 
Bank Ltd., a United Kingdom incorporated bank regulated by the SFA,  
effective as of the fourth quarter of 2000.  We do have an ISDA Master 
Agreement in place with Merrill Lynch International Bank.

I am sending a copy of the notice to Gary Hickerson & Tanya Rohauer (I am 
also sending Tanya the financials of the new entity).  We will await Credit's 
instructions as to how they would like to proceed after reviewing the 
documentation.
laurel.adams@enron.com