Enron Mail

From: jnaughto@cwt.com To: sara.shackleton@enron.com Subject: Enron Swap Project Raptor Cc: Bcc: Date: Mon, 18 Sep 2000 09:38:00 -0700 (PDT) Attached please find a draft confirm for the Income Participation Certificates. Upon review, these instruments appeared to be most similar to preferred stock and therefore I used the equity template as a starting point. Please let me know if you have any questions. I will now turn to commenting on the debt template forwarded to me by Sarah earlier today. Best regards. (See attached file: #504870 v1 - Enron Income Participation Certificate Swap.doc) - #504870 v1 - Enron Income Participation Certificate Swap.doc