Message-ID: <3013798.1075844466785.JavaMail.evans@thyme>
Date: Thu, 30 Nov 2000 02:40:00 -0800 (PST)
From: stephanie.panus@enron.com
To: sara.shackleton@enron.com
Subject: Merrill Lynch
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Sara -

Jay Williams has been discussing the new Merrill Lynch guaranty (for FX 
trading) with Merrill Lynch.  They originally requested an unlimited 
guaranty.  Per Jay, our current exposure is $500 million, and they are asking 
for a guaranty of $400 million notional amount.  I don't know if this is 
something you need to get involved in to resolve the guaranty issues.

Thanks.