KCS 2 ,
 I spoke with Jesus and Marshall re the 97/3 split.  B of A would have to 
decide if they want to go ahead at this early of a date to fix the 3% 
certificate portion on their end.  Jesus thinks it not probable that they 
would do so at this time, but rather lock in a few days before the VPP 
transaction.  B of A economics would be different.  However, it does seem 
that B of A should be consulted.  

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
sara.shackleton@enron.com, teresa.bushman@enron.com