RE: Project Margaux - Transaction Documents List ,
 ---------------------- Forwarded by Carol St Clair/HOU/ECT on 05/08/2000 
12:12 PM ---------------------------


"Eldredge, Jeff" <jeldredge@velaw.com> on 05/08/2000 10:32:06 AM
To: "Eveling, James (Milbank)" <jeveling@milbank.com>, sdwyer@enron.com, 
mabboudy@enron.com, aedgley@enron.com, mevans@enron.com, plord@enron.com, 
baiken@enron.com, bglisan@enron.com, mjakubi@enron.com, jbadillo@enron.com, 
"Patel Truschar (Enron)" <tpatel@enron.com>, jginty@enron.com, "Dewar, 
Donette (Enron)" <donette.dewar@enron.com>, acamarero@enron.com, 
sschard@enron.com, "Scott, Dwight (DLJ)" <dscott@dlj.com>, "Cabes, Robert 
(Donaldson, Lufkin & Jenrette)" <rcabes@dlj.com>, "Adkerson, Clark 
(Donaldson, Lufkin, & Jenrette" <cadkerso@dlj.com>, scott.sefton@enron.com, 
"St. Clair, Carol (Enron)" <carol.st.clair@enron.com>, "Hemsey, Debra 
(Donaldson, Lufkin & Jenrette)" <dhemsey@dlj.com>, "Ball, Jeff (Donaldson, 
Lufkin & Jenrett
cc: "Siebens, Thomas (Milbank, Tweed, Hadley & McCloy)" 
<tsiebens@milbank.com>, "Fletcher, Phillip (Milbank, Tweed, Hadley & McCloy" 
Subject: RE: Project Margaux - Transaction Documents List


I have reviewed the last Transaction Document List produced by Milbank on
April 7  ( the "TDL" ) and suggest that the documents referenced below will
need to be in pretty close to final shape before we mail the preliminary
offering memo.  Since many of these documents need to be agreed between DLJ
and Enron and then between Enron and the "Equity," we should probably get
started on these documents as soon as possible.  We have seen drafts of some
of these docs, but not most.

Using the TDL as a reference, these documents are items I.1., I.2., I.3.,
I.4., II.A.1.-5. and 7., C.1.1.1-1.4., 1.7, 1.8. and 1.10 and all of C.12.
Thanks, JE.


Jeffrey E. Eldredge
Vinson & Elkins L.L.P.
Regis House
45 King William Street
London EC4R  9AN
Office Tel: (44-171) 618-6013
Fax: (44-171) 618-6001
Mobile Tel: (44) 0411 435 486



-----Original Message-----
From: Eveling, James (Milbank)
Sent: 07 April 2000 19:37
To: sdwyer@enron.com; mabboudy@enron.com; aedgley@enron.com;
mevans@enron.com; plord@enron.com; baiken@enron.com; bglisan@enron.com;
mjakubi@enron.com; jbadillo@enron.com; Patel Truschar (Enron);
jginty@enron.com; Dewar, Donette (Enron); acamarero@enron.com;
sschard@enron.com; Scott, Dwight (DLJ); Cabes, Robert (Donaldson, Lufkin &
Jenrette); Adkerson, Clark (Donaldson, Lufkin, & Jenrette;
scott.sefton@enron.com; St. Clair, Carol (Enron); Hemsey, Debra (Donaldson,
Lufkin & Jenrette); Ball, Jeff (Donaldson, Lufkin & Jenrette); Woodbury,
Peter (Donaldson, Lufkin & Jenrette); Piskadlo, Roy (Donaldson, Lufkin &
Jenrette); nora.dobin@enron.com; bherman@dlj.com; drockech@dlj.com; Allen,
Melissa (Arthur Andersen); Clement-Davies, Christopher; Eldredge, Jeff;
MacGibbon, Sam (London); Chandler, Trina; Schimberg, Michael; Kidwell,
Mathew (London); Wright, Andy; Osterberg, Edward; mrh@mm-brig.mottmac.com;
jll@mm-brig.mottmac.com
Cc: Siebens, Thomas (Milbank, Tweed, Hadley & McCloy); Eveling, James
(Milbank); Fletcher, Phillip (Milbank, Tweed, Hadley & McCloy; Davis,
Trayton (Milbank); Kayle, Bruce (Milbank); Keene, Lonnie (Milbank, Tweed,
Hadley & McCloy); Kneip, Fred (Milbank); Puleo, Frank (Milbank); Rayner, Ed
(Milbank); Wilson, Melanie (Milbank, Tweed, Hadley & McCloy); Walker, Andrew
(Milbank)
Subject: Project Margaux - Transaction Documents List



Please find attached an updated version of the Project Margaux Transaction
Documents List.

For your information, the following documents have already been circulated
by Milbank to the working group:

1. Swap Documentation (Schedule to ISDA Master Agreement, Confirmation and
Swap Assignment) - sent out 5 April;

2.  Senior Notes Indenture - sent out 1 April;

3.  Subsidiary Notes Indenture - sent out 4 April.

During the course of next week, we expect to distribute drafts of additional
documents, which will include the Participation Agreement and the Trust
Agreements.

Regards

James Eveling

<<#20035893 v10 - TRANSACTION DOCUMENTS7April.doc>>


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