Message-ID: <7448478.1075841439746.JavaMail.evans@thyme>
Date: Tue, 29 Jan 2002 11:46:50 -0800 (PST)
From: m..presto@enron.com
To: jae.black@enron.com
Subject: FW: Research report referenced in today's MW Daily
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Please print and put in green binder.

Thanks.

 -----Original Message-----
From: 	Furrow, Dale  
Sent:	Tuesday, January 29, 2002 10:41 AM
To:	Calger, Christopher F.; Presto, Kevin M.; Belden, Tim
Subject:	Research report referenced in today's MW Daily

All,
FYI, thought you might find this interesting.  This is the research report, by Ray Niles at Salomon, referenced in today's MW Daily.  A lot of it is pretty basic, but there were some interesting things--note thoughts on transaction hierarchy, comparison between energy marketers and financial institutions, thoughts on VAR and accounting standards.

Dale