RE: Exotic Options Module Series - Asian Options ,
 Hi,
 
    Previously I forwarded an email to you which contain a list of options products we are considering making markets in.
 
    Many of you have asked for more details on these (exotic) options products.
 
    In response to this request, I will be periodically forward modules to your attention which give further details on these options products.
 
    Please do not hesitate to contact me if you have any questions, comments, etc.
 
Regards,
Iris
Power Options Trading Desk
x3-6711
jae.black@enron.com, diana.allen@enron.com, harry.arora@enron.com, 