Memo On Software Company

Kevin, Steve, and Shashi--Per your request, attached is a memo that
addresses regulatory issues with Enron's potential minority investment in a
software company providing tagging or scheduling software to the electric
transmission industry. Aside from possible routine reporting requirements
and possible additional standards of conduct precluding the sharing of
information with the traders, there are no issues pertaining to PUHCA and
the Fed. Power Act. Christi 37007
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 10/11/99
01:35 PM ---------------------------

"Andrea Settanni" <asettanni@bracepatt.com< on 10/11/99 01:02:58 PM
To: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron
cc:
Subject: REVISED - Memo On Software Company

Please disregard the fax sent earlier today and use this updated memo
pursuant to Christi's request. We added two sentences - one at the end of
the first paragraph and one at the end of the second paragraph (under
Executive Summary). I have attached it in wordperfect and word.

Andrea

- 0114436.03
- software.doc