Update of Legal Survey ,
 Attached hereto please find a draft of a memorandum in connection with the 
update of our April 25, 1997 memorandum regarding commodities trading.

Should you require any further assistance, please do not hesitate to contact 
us.

Best regards

Pablo Perezalonso
Ritch, Heather y Mueller, S.C.

 - 67l01!1.DOC
alan.aronowitz@enron.com, mark.taylor@enron.com