Jaime: Just wanted to update you on the call that I had this morning with Jose and Pablo. As a general matter, I think that we are going to be okay with offering physical and financial derivative products to Mexican counterparties online. They are in the process of reviewing the online documents and will get back to me sometime next week with any thoughts or recommendations. One area that we will need to be careful in is in how we market Enron Online for there are restrictions in connection with the offering of "securities". While it is fairly clear that commodity based derivatives are not securities there may be other products where it is not so clear cut. I think that it would be very helpful if you would send to Jose and Pablo the Online materials (i.e, brochures etc.) that we would plan to send to prospective counterparties so that we can make sure that our marketing efforts don't violate any restrictions taht we would be subject to. Here is their address:
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