Subject: FW: assignment
From: [email-masked]
To: [email-masked]
Cc: [email-masked]
Date: Mon, 26 Nov 2001 12:34:23 -0800 (PST)

Frank,

Pleae review attached Assignment sent by Craig Breslau.
-----Original Message-----
From: Breslau, Craig 
Sent: Monday, November 26, 2001 2:27 PM
To: Bailey, Susan; Williams, Jason R (Credit); Taylor, Mark E (Legal)
Subject: FW: assignment

PCS Nitrogen would like to assign their positions with Enron over to Bank of America.  The structure of the deal would be for B of A to step in between Enron and PCS.  Currently, PCS is out of the money to Enron.  This trade would lower B of A's exposure to Enron.    I would like to give an answer to PCS today.  Could you please review and let me know how we proceed o n this assignment.

Thanks,
Craig
-----Original Message-----
From: [email-masked] [mailto:[email-masked]]
Sent: Tuesday, November 20, 2001 4:06 PM
To: Breslau, Craig
Subject: assignment

Craig,
Attached is a sample assignment agreement sent to us by Bank of America.
It was one they had used with another deal, and has not been customized for
our particular situation.  As I understand Bank of America's verbal intent
is to have Bank of America step in between the obligations of our two
companies.
(See attached file: Assignment-sample doc.doc)
Glad to discuss...Audrea

Audrea S. Hill
Director, Natural Gas Risk Management
847-849-4222 phone
847-849-4694 fax
[email-masked]
(See attached file: Assignment-sample doc.doc)