Re: Delay in circulating DWR Dash

Did we (GA) recommend the extension? If so, nice recommendation. Given the
circumstances, it's a win-win, and still leaves us with the swaption to
exercise at a later date. Hope all is well. When I call, you're always in a
meeting. I will be on the leadership call tomorrow. Hope you're well.

Best,
Jeff

James D Steffes
03/28/2001 04:18 PM

To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron
cc:
Subject: Delay in circulating DWR Dash

FYI.
----- Forwarded by James D Steffes/NA/Enron on 03/28/2001 04:17 PM -----

Tracy Ngo@ECT
03/28/2001 03:39 PM

To: Vladimir Gorny/Enron@EnronXGate, Frank Hayden/Enron@EnronXGate,
Elizabeth Sager/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron
cc: William S Bradford/Enron@EnronXGate
Subject: Delay in circulating DWR Dash

Given the status of Phase I of DWR possibly being extended to the end of
April, we will not be circulating a DASH at this time for the five-year DWR
swaption. Will advise at a later date of any developments.

Thanks all for your help for now.

Regards,
Tracy