Subject: "Lehman Bros. "puts"".

Body: Jim and Rex: The Lehman Bros. form of "put" works fine from a legal perspective. Yesterday, I faxed to you one of the "puts" with underlined language reflecting differences in securities language from our prior swap/forward deals with Lehman. The differences may be alright for purposes of the "puts". Please let Jeff know if the "puts" are acceptable for execution (from the securities perspective). I have already initialed the documents from the swap perspective. Let me know if you have any questions. As usual, thanks for your help.

Subject: "Derivatives Trading in Portugal".

Body: Could I arrange a very short conversation with you regarding the May 28, 1999 memo from Jorge Brito Pereira? I would like to discuss your analysis and any further actions which the local firm may be taking on ECTRIC's behalf. I have a paper trade with a Portuguese corporate pending receipt of an enforceability opinion acceptable to ECT. I'm not sure if we'll get there. I'm interested in further discussions you may have had internally or externally. Sara

Subject: "Account Information for E278-1".

Body: Dear Jeffrey, Izio Support has just added you to their course, E278-1. If you feel that this is an error, please email them at: iziosupport@convene.com If you have any questions or comments regarding this email or the Iziosystem, please forward them to: IzioSupport@convene.com. Sincerely,

Subject: "June Deals".

Body:
Scott, Could you please move the following deals from Tom Donohoe's desk to the Upstream desk for June forward and enter corresponding desk to desk tickets? However, on the gas daily desk to desk, can we please aggregate all the volumes and enter just one desk to desk at the ANR pool? If you have any questions regarding this please feel free to ask either myself, George or Charlie. It would be great, if you could get this done before tomorrow. 749363 312114 749065 340337 340382 340387 706080 751703 Thanks,