Subject: "Free agents".

Body: Eric: I trust everything is going well as Enron. I am actively pursuing a job out here at Mcdonalds. "Would you like fries with that"...I practice on a regular basis. In any case, I would like to pick up the Patriots Defense and the Steelers Defense as free agent pick ups, if still possible. I would like to drop Engram and the Titans defense. Please let me know. Thanks

Subject: "DEC physical".

Body: We will hold off transferring any physical positions desk to desk until the end of bidweek. After NX1, we will transfer positions at a daily EOL Index mid price. Please monitor my book and others to make certain DEC deals are not being transferred prior to NX1 at an IF monthly or GD daily mid price. Thanks,

Subject: "Financial Trading in Brazil".

Body: Regards from Houston! I hope you are well and busy. I just wanted to follow up on our very productive meeting of September 21, 1999. Enron North America and Enron South America are still quite anxious to continue our analysis of the various components of financial trading. I believe that you were going to prepare some type of matrix to help identify the various legal issues and practical aspects associated with financially transacting in Brazil. We would then add tax and regulatory analyses to the possibilities. If my memory serves me correctly, we had identified transactions by the Enron entity ("ENE") as follows: 1. cross-border swaps (a) ENE offshore FINANCIAL INSTITUTION and Brazilian entity (b) ENE offshore (not financial institution) through CC-5 Account with authorized Brazilian bank and Brazilian entity NOTE: enforceability issues with 1(b) 2. local swaps (a) ENE onshore entity and Brazilian FINANCIAL INSTITUTION (or ENE onshore FINANCIAL INSTITUTION and Brazilian resident) (b) ENE onshore entity and Brazilian entity (not financial institution) registered with the BM&F or CETIP through intermediary NOTE: compliance with existing regulations as to specific reference products is required as to 2(a) and 2(b) 3. "pure" OTC swaps (a) ENE onshore entity and Brazilian onshore entity (b) ENE offshore entity and Brazilian offshore entity NOTE: 3(a) presents enforceability issues under Brazilian law and 3(b) presents no issues whatsoever We look forward to your response as soon as possible and would also like to know when we may hear from you. In connection with your response, please note that we are interested in the recent changes to the laws for acquiring banks (bankrupt or otherwise). Regards to Marcelo and Jose Emilio. Sara

Subject: "Get Support/Resistance Levels FREE from PBSP".

Body:
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