Subject: "ADA Derivatives conference".

Body: Lynn Aven and I are in the process of finalizing a memo on the Argentina trip and we will also have a separate list of "action points" for Mike G. I am not planning to do anything further with respect to Argentina per your instructions (eg, there is an ADA conference in June and we have been asked to provide a speaker; we have been asked to comment on the ADA local master format; finalizine trader guidelines and termsheet format). Also, I am not planning to do anything further with respect to Brazil other than finalize our financial trading matrix. I have cancelled my trip to Sao Paulo at the end of March and will table the "derivatives training" indefinitelly.

Subject: "John Lavorato".

Body: Please move the names_jlavora.nsf and jorunal_jlavora.nsf files to the appropriate locations on his mail server (nahou-lnmai16). You can either hit me on the Nextel (56517) or page me (713-327-9348) when this is ready, so I can complete his iPAQ installation. Thanks

Subject: "curvefetch".

Body: Philip, I'm sorry this took so long, I thought I sent it ealier, but apparently not. Let me know if you need anything else. Mat

Subject: "RRS - Proposed Accounting Timeline".

Body:
During the March 7 meeting we reviewed the 'Proposed Accounting Timeline', which is part of the Project Update dated March 7, 2002. The proposed timeline at the bottom of the page shows that 'Imbalance Trading Ends' on the 16th calendar day of the month. GISB Standard 2.3.41 states that imbalance trading should be allowed through at least the 17th business day of the month. The language of the standard is as follows: "Standard 2.3.41 -- Transportation Service Providers should provide the ability to post and trade imbalances until at least the close of the seventeenth business day of the month."