See Attached

Jim, my understanding is that there continues to be some discussion on
whether there will be functional seperation of the retail and wholesale
businesses and to what extent and under what strategy these are undertaken.
I am not sure that we want to put ourselves in a box under any structure
until these things are completely ironed out eg) country managers et al. I'm
not in agreement with any memo that further details the organization beyond
what was outlined in the original memo. However, I am in agreement that this
needs to get resolved ASAP unfortunately Frevert and Skilling and most of the
first world is out this week. I ask for your patience.

Lets discuss.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000
04:00 PM ---------------------------

James M Bannantine@ENRON_DEVELOPMENT
11/22/2000 05:37 PM
To: David W Delainey@ECT, Joe Kishkill/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Miguel
Padron/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Randy Young@ECT
cc:
Subject: See Attached

Draft memo on the functional alignment of South America under the new
organization. Would like to send out to the South America organization
tonight to give people partial information on work in progress. Silence is
bothering people a lot and the company is at risk of losing people.
Definitive organization memo out in the coming days, after complete
coordination with wholesale and retail in Houston. Look at the first version
of the memo. Please reply with any comments asap.