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Date: Mon, 16 Oct 2000 02:56:00 -0700 (PDT)
From: karen.way@piperrudnick.com
To: kay.mann@enron.com, rusty.stevens@enron.com, fred.mitro@enron.com
Subject: redlined version - Titan-Schaeffer Option
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	donald.shindler@piperrudnick.com
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 <<307XGRED.DOC>>

Attached hereto, please find the redlined version of the Titan-Schaeffer
Option as compared to the Fehr option.  Please feel free to call with any
questions or comments.  Thanks!

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347




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 - 307XGRED.DOC