SEC VaR with Merchant Assets Recalculated

From: eugenio.perez@enron.com

To: georgeanne.hodges@enron.com, jan.johnson@enron.com, sally.beck@enron.com,cassandra.schultz@enron.com, shona.wilson@enron.com, gary.peng@enron.com, jennifer.nguyen@enron.com

Subject: SEC VaR with Merchant Assets Recalculated

Cc:

Bcc:

Date: Wed, 31 Jan 2001 05:17:00 -0800 (PST)

Merchant Assets have recalculated their VaR, and I have enclosed it above.

Regards,

Eugenio