OBSERVATION COMPLETION ACCEPTED: Calgary

The following Audit Observation listed as 'Complete' has been accepted by management:
OFFICE VISIT: Calgary
OBSERVATION: Yellow - Foreign currency risks are managed by the respective trader within each of the trading portfolios.
OBSERVATION CONTACT: CN=Ted Murphy/OU=LON/O=ECT
ACTION STEP(S):
Provide an analyst to review and determine the most effective process to manage foreign currency risks within the trading portfolios (aggregate or separate).
TARGET DATE: 11/30/2000
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IF YOU HAVE ANY QUESTIONS REGARDING THIS EMAIL, PLEASE REPLY TO:CN=Sherri Griffin/OU=Corp/O=Enron

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