Message-ID: <6828721.1075844487557.JavaMail.evans@thyme>
Date: Thu, 21 Sep 2000 10:23:00 -0700 (PDT)
From: mcfam@andrews-kurth.com
To: barbd@andrews-kurth.com, lowed@andrews-kurth.com, mcfam@andrews-kurth.com, 
	alan.quaintance@enron.com, annmarie.tiller@enron.com, 
	bill.bowes@enron.com, brenda.l.funk@enron.com, 
	charles.delacey@enron.com, clement.abrams@enron.com, 
	gareth.bahlmann@enron.com, sara.shackleton@enron.com, 
	trevor.randolph@enron.com, trushar.patel@enron.com, 
	mniebruegge@mayerbrown.com, tellwood@mayerbrown.com, 
	eawilburn@prickett.com, tamullen@prickett.com, kenton@rlf.com, 
	mark.wolf@us.cibc.com, mercedes.arango@us.cibc.com, 
	schottla@us.cibc.com, aroberts@wilmingtontrust.com
Subject: Hawaii 125-0, Series McGarret D (Docs in WordPerfect)
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X-From: "MURIEL McFARLING" <MCFAM@andrews-kurth.com>
X-To: "David Barbour" <BARBD@andrews-kurth.com>, "DEBORAH LOWE" <LOWED@andrews-kurth.com>, "MURIEL McFARLING" <MCFAM@andrews-kurth.com>, <alan.quaintance@enron.com>, <annmarie.tiller@enron.com>, <Bill.bowes@enron.com>, <brenda.l.funk@enron.com>, <charles.delacey@enron.com>, <Clement.abrams@enron.com>, <Gareth.Bahlmann@enron.com>, <sara.shackleton@enron.com>, <Trevor.Randolph@enron.com>, <trushar.patel@enron.com>, <mniebruegge@mayerbrown.com>, <tellwood@mayerbrown.com>, <eawilburn@prickett.com>, <Tamullen@prickett.com>, <kenton@rlf.com>, <mark.wolf@us.cibc.com>, <Mercedes.arango@us.cibc.com>, <schottla@us.cibc.com>, <ARoberts@WilmingtonTrust.com>
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To catch everyone up, we have changed the Danno C transaction to McGarret D.  
The debt and equity received by the trust in McGarret D will be used to repay 
the McGarret B series, which will then be terminated, and the excess funds 
will go to Enron pursuant to the Total Return Swap executed in connection 
with the McGarret B closing.

Attached, in WordPerfect format, for immediate execution are the following 
three documents:

Asset Notice (258187) (clean and marked against latest draft);
Prepayment Notice w/respect to McGarret B (259570) (clean); and
Direction Letter to Owner Trustee (258312) (clean and marked against latest
     draft.

Gina Karanthanos - Please (i) coordinate with Charles to determine the final 
debt and equity amounts for Series McGarret D, (ii) complete the blanks in 
the Asset Notice and the Direction Letter, (iii) send an executed, clean copy 
of the Asset Notice to Mercy Arango, and (iv) send a clean copy of the 
Direction Letter to Mercy Arango for execution.

Mercy Arango - When you have the clean copy of the Direction Letter (or 
alternatively know the amounts to fill in as debt and equity), please execute 
the Direction Letter and fax the executed copy directly to:

     (i) Ann Roberts (fax 302-427-4749; phone 302-651-8681),
     (ii) Glen Kenton (fax # 302-658-6548; phone 302-651-7726),
     (iii) Muriel McFarling (fax 214-659-4784; phone 214-659-4461), and
     (iv) Gina Karanthanos (fax 713-853-9252; phone 713-853-3376)

Ann Roberts/Glen Kenton - When you receive the executed copy of the Direction 
Letter, please execute the Prepayment Notice (attached to this e-mail as doc 
#259570) and fax the executed notice immediately to:

     (i) Mercy Arango (fax 212-885-4909; phone 212-856-3862),
     (ii) Muriel McFarling (fax 214-659-4784; phone 214-659-4461), and
     (iii) Gina Karanthanos (fax 713-853-9252; phone 713-853-3376)

I will be out of the office tomorrow, and will therefore not be available to 
coordinate the delivery of the above documents.  If you have any questions, 
comments or concerns, please call David Barbour at 214-659-4444.



 - 258312rl.wpd
 - 258187rl.wpd
 - 258312.wpd
 - 258187.wpd
 - 259570.wpd