RE: National Energy Group

Trade qy8453 and qy9133 were both approved under the same credit terms. The
$4MM LC that has been specified as an independant amount and the associated
$6MM credit line should be made a part of both confirmations and tied to both
deals. Approval of these deals was based on the combined risk profile of the
trades, so securitization of both trades should be amalgamated.

thanks
brant

-----Original Message-----
From: Reves, Brant
Sent: Monday, March 26, 2001 1:56 PM
To: Bailey, Susan; Panus, Stephanie; Jones, Tana
Cc: Aguayo, Janie
Subject: National Energy Group

Please prepare an Annex B per terms of the attached credit worksheet and
provide a copy to the confirmations group for inclusion within trade qy8453's
confirmation.

thanks
brant

<< File: National Energy Group.xls <<