Q: Eric, This is to update you on the current situation with the OSTRIP function in Exotica. After some lengthy analysis of the function, its inputs and the documentation associated with it, it was brought to our attention in the Research Group that the OSTRIP function was being utilized in different manners by different people within Enron. In order to remedy this situation, the documentation of Exotica was revised and more details were added, so as to make explicitly clear the distinctions between the fixed price options and forward start options. (You will find attached a copy of the most recent version of the Exotica documentation.) In addition to discussions with Santiago Garcia in structuring, it was seen to be important to ensure that those responsible for booking the options in ERMS (specifically, Jeremy Wong) be updated on the changes. By pure coincidence, the two ways that inputs were made for fixed price options gave the same values for the premiums. However, one methodology is really incorrect as far as the documentation is concerned, and the attempt has been made to rectify this. The forward start option pricing has not changed in any way. I would like to arrange a meeting tomorrow afternoon (Thursday) between all those parties concerned to ensure uniformity of pricing across the board. If you are available, I would appreciate it if we could meet at around 4:00 PM. Regards,
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A: OSTRIP Function in Exotica

Q: Subject: Terrorizing the terrorists Here's what we got going for us. To be reckoned with. And this is only what we know. You can be certain there is stuff that we don't know about and don't need to. While you're reading this some of your fellow Americans are hard at work getting down and dirty and most of all being very nasty. Just like in the movies, but we won't get to see this take place. Just know it is. GO SPECIAL FORCES!!! Special warriors' role: to terrorize terrorists By STEPHEN HARRIMAN, The Norfolk Virginian-Pilot ? September 29, 2001 This week, Secretary of Defense Donald H. Rumsfeld told Americans and others on a war watch not to expect a ''D-Day.'' In others words, don't look for aircraft, ships and cruise missiles to suddenly light up the sky over Afghanistan like they did in Baghdad in the first hours of the Gulf War. Expect instead, the administration has been saying, a much more targeted campaign aimed at ''smoking out'' individuals and cells of terrorists from their mountainous hideouts. Those who specialize in that sort of covert operation are the unconventional warriors of the U.S. Special Operations Command. They are likely to play a big role in this first war of the 21st century. Their mission will be to terrorize the terrorists. What follows is a profile of special operation forces -- units from the
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Q: Hi Jeff - Here's the deal, I've had a cold for a few days. I'm probably past the contagious stage but this is not an exact science. I'm up for teaching today but I figure it's fair to let people know in case they're concerned. I'll see you at 4:30 unless I hear from you in which case I'll understand. Hey, thanks for facilitating this little DAW discussion group. I think I understand the procedure now. I had to hunt around a little for the "reply to all" command(not on my tool bar), but I found it. Now I'm ready. I'm still learning about a lot of this stuff. Later - Avram
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A: today

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