Subject: Re: Huntco Swap Information
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Fri, 1 Dec 2000 07:24:00 -0800 (PST)

Mark,
could you prepare an omnibus agreement for us to use with Huntco for this 
transaction? As you know, our credit group has approved this transaction 
without credit language in the agreement. Thanks for your help.
--Andrew

---------------------- Forwarded by Andrew Wilson/Corp/Enron on 12/01/2000 
03:25 PM ---------------------------
From: Paul Radous on 11/29/2000 06:40 PM
To: Andrew Wilson/Corp/Enron@ENRON
cc: Greg Hermans/Corp/Enron@Enron, Kevin O'Donnell/NA/Enron@Enron, Tim 
Battaglia@Enron@ECT, Glenn Wright/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT 

Subject: Re: Huntco Swap Information  

Credit approves the following transaction with Huntco Inc.

Andrew Wilson
11/29/2000 05:18 PM
To: Paul Radous/Corp/Enron@ENRON
cc: Greg Hermans/Corp/Enron@Enron, Kevin O'Donnell/NA/Enron@Enron, Tim 
Battaglia@Enron@ECT, Glenn Wright/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT 

Subject: Huntco Swap Information

Paul,
thanks again for working with us on Huntco. Could you evaluate the exposure 
related to Enron offering a floating for fixed swap to Huntco. 

Quantity:  17,400 tons/month
Term:  3 months
Start:  January 2001
End:  March 2001
Settlement: Monthly
Price:  $237/ton

Enron will pay Huntco $237/month.
Huntco will pay Enron the Purchasing Magazine index price.
Note that if steel prices continue to decline then Huntco is in the money 
with this swap.

If the credit exposure related to this looks reasonable to you, we will 
prepare an Omnibus agreement for this specific transaction. Please call me if 
you have any questions.
--Andrew
x31569