Subject: re: Raptor Swaps: LDC's
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Tue, 3 Oct 2000 08:48:00 -0700 (PDT)

Sara,

Here is my attempt at the proposed language for the Final Price Definition in 
the LDC Swaps:

Final Price shall include the following amounts resulting from Ponderosa 
Assets L.P.'s investment in Enron International Brazil Investments 1997 Ltd., 
Enron International Brazil 1997 Ltd., and Enron International Brazil Gas 
Holdings Ltd.:  (a) all amounts of equity earnings and losses and (b) 
dividends or distributions.

Let me know if you need anything else.

Ryan