MG Controls Review

Per Sally's instructions - I am forwarding this document to you.

Patti x39106
---------------------- Forwarded by Sally Beck/HOU/ECT on 07/10/2000 08:46 AM
---------------------------

Brent A Price
07/05/2000 01:15 PM
To: Fernley Dyson/LON/ECT@ECT, Tim Poullain-Patterson/LON/ECT@ECT, Andrew
Cornfield/LON/ECT@ECT, Naomi Connell/LON/ECT@ECT, Eric Gadd/LON/ECT@ECT,
Barry Sangster/LON/ECT@ECT, Steve W Young/LON/ECT@ECT, Tim
Davies/LON/ECT@ECT, Lloyd Fleming/LON/ECT@ECT, David Port/Market
Risk/Corp/Enron@ENRON, Mike Jordan/LON/ECT@ECT, Richard Sage/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron
Subject: MG Controls Review

Attached is a preliminary draft of the findings and proposed action steps for
the MG - London controls review that was conducted this past week. These
findings arise solely out of discussions with key MG personnel who are listed
within the attachment. AA&Co. are still in the process of conducting the
deal test which should be completed by Monday. Any significant findings as a
result of the deal test will then be added to this document. Please review
and direct any questions or comments back to me or Tim Poullain-Patterson by
Monday, July 10. Thanks.