Enron Mail

From:travis.mccullough@enron.com
To:louise.kitchen@enron.com, andy.zipper@enron.com, mark.taylor@enron.com
Subject:Houston Street
Cc:
Bcc:
Date:Thu, 18 May 2000 02:24:00 -0700 (PDT)

Attached is a draft term sheet for the equity investment in Houston Street.
As we discussed, this deal varies from the True Quote deal in that Houston
Street has already closed several deals with investors which may dictate to
some extent the deal that we are able to get. Many of the terms and
conditions of our equity investment will depend upon the results of our due
diligence investigation, and some may depend upon the terms and conditions of
the Posting Agreement.

Please let me know if you have any comments or questions regarding the
attached.



Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490