?
?	VentureWire
	Friday, May 25, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 754.4 ? +2.50%	?
? 		Note to Readers: VentureWire will be taking a break for Memorial Day.
		The next issue will be Tuesday, May 29.

		top stories

		  CyberSafe Lays Off 50% Due to Decreased Sales
		  BlueLight CEO Mark H. Goldstein Steps Down
		  SubmitOrder Raises $40 Million, Replaces CEO
		  Optical Networking Firm Kestrel Reduces Staff by 16%

		TODAY'S FEATURES
		Bowman Capital Says P.E. Activity Not Affected by Fund Close
		By Suzanne Travers
		The decision by Bowman Capital, which invests in public and private
technology companies through hedge funds and a crossover fund, to shut down
its $1.75 billion large-cap technology fund will not affect the firm's
private equity activities, according to general partner Matthew Cowan. more>>
		UPCOMING EVENTS
		June 5-6: San Francisco
		 Mobile Outlook 2001

		Scott Fox, chairman of the GSM Assoc. will discuss the impact of GSM phones
on the market. There are now 1/2 a billion GSM phones (1 in 12 people on the
planet) so find out about the planned surge of GSM services across the U.S.

		With industry leaders such as Scott Fox planning to be at Mobile Outlook, you
should be too.
		Less than 2 weeks, register today!

		Entrepreneurs and VC-backed company CEOs:
		* Where can you obtain FREE detailed information on the
		latest quarter'sventure funding by region, industry,
		round and stage of development?
		* Where are there FREE tools and templates for writing a
		business plan and securing venture funding?
		* And if you're a young tech company CEO, where can you
		hear other CEOs discuss the issues of the day?
		VISIT PricewaterhouseCooper's Entrepreneur Resource Center
		for this and more -->http://www.pwcerc.com

		Slump Hurts New Vantage Group's Expansion Plans
		By Amanda Briggs
		New Vantage Group, which oversees the management of four angel investment
clubs in and around Washington, has slowed its plans its plans to set up
investment groups acorss the country, according to founder and managing
partner John May. more>>

		new money

		  Biotech Firm BioMimetic Raises $6.5 Million in Series A
		  Israeli Routers Maker HyWire Gets $5 Million First Round
		  Software Firm Actimize Closes Round One with $4 Million
		  Streaming Ad Firm EyeWonder Raising $6 Million Series B
		  Web Security Firm WanWall Secures Funding from Intel
		  Barcelona Design Raises $11M Round Two, Led by Sequoia
		  Memsic Closes Second Round at $8.25M, Celtic House Leads
		  Dentist Site Smile-on Closes Second Round with $1.5M
		 In-Depth Systems Gets $600K from Marathon Oil in Round Two
		  eMarketWorld Gets Debt Financing From The Palladin Group
		  Answer Financial Takes Equity Stake in Vebnet
		  PlanCentral Looking For Alliances, $1 Million Second Round

		bad news

		  Report: Terabeam Cuts Staff By 10%
		  Blue Dolphin Lays Off 20%; Profitability Goal Pushed Back
		  Dismissals at ShopForSchool.com as Site Looks to Sell Out

		m&a

		  Vsource to Acquire NetCel360 for 19.9% of Common Stock
		  Broadband Firm WideOpenWest Acquires Assets of Ameritech
		 GourmetMarket.com Buys E-Mail Marketing Firm TargitMail

		new directors

		  Asset Tracking Firm Fulcrum Adds Three to Board

		new people

		  TeaLeaf Technology Appoints Ask Jeeves Exec to CEO
		  GlobalLearningSystems Promotes Exec VP to President
		 Italian Software Maker hi-flier Names cirlab! co-founder CEO
		  TManage Appoints New President and CEO
		  Business Intelligence Software Firm Coremetrics Names CEO

		vc fund news

		  Bedrock's $130 Million Fund Topped Out

		vc personnel

		  Lloyds TSB Development Capital Adds Two to Staff
		  Insight Capital Partners Makes Two New Appointments
		  Willis Stein & Partners Appoints CSFB Director as Partner

		vw corrections

		  Asera
		  BlackHog
		 Auxyn Bioscience Ventures

		 TOP STORIES... NEW MONEY... BAD NEWS... M&A... NEW DIRECTORS... NEW
PEOPLE... VC FUND NEWS... VC PERSONNEL... VW CORRECTIONS

		top

		This year to date, over $750 million has been
		invested in private equity deals in the financial
		services sector (source: VentureWire). In this age
		of liquidation preference provisions and
		retroactive repricings, that's a strong
		performance. Financial Services Outlook allows
		you a unique insight into where the investment strength
		in this market lies, and which private companies are leading
		the strongest sectors of the financial technology
		and solutions market.

		Register before June 19 and SAVE
$100:http://www.financialservicesoutlook.com/register.asp

		 top stories
		?
		CyberSafe Lays Off 50% Due to Decreased Sales
		 mail? top

		 ISSAQUAH, Wash. (VENTUREWIRE) -- CyberSafe, a provider of electronic
security technology and services, said it eliminated 84 positions, or over
50% of its staff, as a result of declining sales and unfavorable economic
conditions. CyberSafe said the cuts were spread throughout various
departments in all of its international offices, including London, Ottawa,
and Singapore. The laid-off employees did receive severance. CyberSafe also
said it would be concentrating on its intrusion detection software and
electronic security consultancy businesses and not expanding its
authentication software divisions. The company had no comment on
profitability or about raising a new round. Eighty people remain with
CyberSafe, which has raised $100 million, including a $20.7 million Series E
round in January, from Accel Partners, Deutsche Bank, Financial Technology
Ventures, First Data, Oak Investment Partners, and Polaris Venture Partners,
among others.
		http://www.cybersafe.com

		BlueLight CEO Mark H. Goldstein Steps Down
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- BlueLight.com, an independent e-commerce site
majority owned by Kmart, said Mark H. Goldstein has stepped down as chief
executive officer. The company said he will now become the long-term Internet
adviser for Kmart, in order to pursue other interests outside of BlueLight.
Mr. Goldstein was one of the original founders of BlueLight.com, which formed
in December of 1999. On Wednesday the company announced it would lay off an
undisclosed number of employees and begin to use more of Kmart's marketing
and merchandising staff in order to become more efficient and reduce
operating costs. When asked yesterday whether the cost cutting moves combined
with Mr. Goldstein's departure meant BlueLight would be rolled into Kmart
completely, BlueLight spokesperson Dave Karraker said, "Right now we're a
private company. Is it possible there will be a buyback by Kmart? It is
possible, yes. Anything's possible in this economy." BlueLight has not yet
announced who will replace Mr. Goldstein. The company is also backed by
Softbank Venture Capital and Martha Stewart Living Omnimedia.
		http://www.bluelight.com

		SubmitOrder Raises $40 Million, Replaces CEO
		 mail? top

		 COLUMBUS, Ohio (VENTUREWIRE) -- SubmitOrder, which provides multi-channel
retailers and manufactures with branded customer service and e-fulfillment
applications, said it replaced its CEO and received a commitment for $40
million led by return investor Silver Lake Partners. It also received funds
from Amadeus Capital; The Barksdale Group, a return investor; Flextronics; GE
Capital; Imperial Bank; Integral Capital Partners; Merrill Lynch; Morgan
Stanley; NCT Ventures; Oracle Venture Fund; Partners Group; Pino Ventures;
and PNC Bank. The company said that it will use money to expand its customer
base. Ron Elmquist was appointed as the new CEO and replaces Dennis Spina,
who joined the company a year ago, replacing founder Rich Langdale. Mr.
Elmquist previously held the position of chairman, president, and CEO of
Keystone Automotive Operations. SubmitOrder has raised $300 million since it
launched in 1999.
		http://www.submitorder.com

		Optical Networking Firm Kestrel Reduces Staff by 16%
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Kestrel Solutions, an optical
networking company, said it has reduced its workforce of more than 300 by
16%. Kestrel did not provide the exact number of people affected. The company
said the cuts, which also affected outside contractors, is a response to
"announced reductions in service-provider spending." The layoffs were across
the board, but affected employees within Kestrel's infrastructure and
business operations unit most heavily, a company spokesperson said. The
employees received a severance package that included career counseling
services, she added. Founded in 1997, the company has raised more than $312
million in funding to date from Advanced Technology Ventures, BankAmerica
Ventures, Carlyle Venture Partners, Credit Suisse First Boston, Information
Technology Ventures, Mellon Ventures, Photonic Fund, Polaris Venture
Partners, Spectrum Equity Investors, and Worldview Technology Partners.
		http://www.kestrelsolutions.com

		 new money
		?
		Biotech Firm BioMimetic Raises $6.5 Million in Series A
		 mail? top

		 NASHVILLE, Tenn. (VENTUREWIRE) -- BioMimetic Pharmaceuticals, a developer of
technology products for the healing and restoration of bone and other
tissues, said that it raised $6.5 million in a Series A round led by Burrill
& Co. with participation from Holden Capital. The company plans to dedicate
the new funds to product development and clinical trials. As a result of this
financing, John Kim and Ann Hanham of Burrill & Co., Michael Block from
Holden Capital, and Arnold Caplan of the Skeletal Research Center at Case
Western Reserve University have been granted seats on the company's
seven-member board. Telephone 615-844-1280

		Israeli Routers Maker HyWire Gets $5 Million First Round
		 mail? top

		 NETANYA, Israel (VENTUREWIRE) -- Munich, Germany-based Infineon
Technologies, formerly Siemens Semiconductor Group, announced it participated
in a $5 million first round for HyWire, an Israeli-startup that develops
chips and subsystems for Internet and communication infrastructure routers.
Yozma Venture Capital led the round, an Infineon spokesman said. Infineon
made its investment through its venture capital unit, Infineon Ventures.
		http://www.infineon.com

		Software Firm Actimize Closes Round One with $4 Million
		 mail? top

		 HERZELIYA, Israel (VENTUREWIRE) -- Carmel Ventures, a venture capital firm
focused on software companies, said it invested $4 million in Actimize, a
developer of business intelligence software, as the sole investor in the
company's first round of funding. Actimize has developed Active Intelligence,
a software platform that analyzes actions within a company's information
system and delivers the relevant infromtion to the appropriate people within
the company. Avi Zeevi, general partner with Carmel Ventures, will join
Actimize's board of directors.
		http://www.actimize.com

		Streaming Ad Firm EyeWonder Raising $6 Million Series B
		 mail? top

		 ATLANTA (VENTUREWIRE) -- Internet streaming firm EyeWonder is raising a $6
million Series B round with plans to improve the soft online advertising
market, according to EyeWonder's CEO John Vincent. Mr. Vincent said the
Atlanta-based company expects to look at lead term sheets in the next 45 days
and close the round within the next three months. The company already has
commitments from four strategic investors, three of whom are EyeWonder
clients. The strategic investors, who are waiting for a venture firm to lead
the round, include an ad-serving network, two international media
conglomerates, and first-round investor Eyevest. Mr. Vincent said EyeWonder
first went after strategic investors and is only now beginning to approach
venture firms with software, telecommunications, and communication interests
that are located in the mid-Atlantic and Southeastern areas of the U.S. Mr.
Vincent said EyeWonder's valuation was still undetermined because the lead
Series B investor would be pricing the round. Outside investors currently own
20% of the company and EyeWonder said it was prepared to relinquish a greater
than 20% equity stake in the Series B round. EyeWonder is using two
investment banks, Hudson Allen in New York, and Davis Capital Resources in
Atlanta, as placement agents for the round. EyeWonder, which has both wired
and wireless streaming video capabilities, is focusing on the e-mail and
banner advertising marketplace. The company's streaming technology enables
viewers to see an ad without leaving the original site. The new financing is
to be used for increasing the staff from 27 to 60 by the end of the year,
with 25 of the openings in business development. Mr. Vincent would not
disclose current revenue projections but did say that EyeWonder expected to
have 10 e-mail accounts and 20 banner accounts by July when it hopes to be
cash-flow positive. The company is focusing on reseller channel clients,
among them CNN, Winstar Interactive Media, and Engage. EyeWonder generally
earns 15% to 20% of what the reseller charges a client to advertise on the
reseller's Web site. EyeWonder also earns revenue through licensing its
streaming video platform.
		http://www.eyewonder.com

		Web Security Firm WanWall Secures Funding from Intel
		 mail? top

		 TEL AVIV, Israel (VENTUREWIRE) -- WanWall, which develops technology
designed to improve the efficiency and protection of Wide Area Networks,
announced that Intel Capital has made an undisclosed investment in the
company. WanWall said it will use the funds to support its growth and further
develop its technology. Earlier this month WanWall received $3.5 million in
seed funding led by Gemini Israel Funds and Koor Corporate Venture Capital.
WanWall was founded in December 2000 by a group of entrepreneurs led by
Yehuda Afek, a professor of computer science at Tel Aviv University; Anat
Bremler-Bar; Yuval Rachmilevitz, formerly with Gilat Satellites and Magnum
Fund; and Dan Touitou. Mr. Rachmilevitz currently serves as CEO of the
company.
		http://www.wanwall.com

		Barcelona Design Raises $11M Round Two, Led by Sequoia
		 mail? top

		 SUNNYVALE, Calif. (VENTUREWIRE) -- Barcelona Design, which supplies
mixed-signal circuit designs for system-on-a-chip design, said it has closed
an $11 million second round led by new investor Sequoia Capital. Previous
investors Crosslink Capital and chairman Joe Costello also participated in
the round. The company said approximately $500,000 of bridge financing raised
in 2000 converts to equity in this round. Post-money valuation was
undisclosed, but CEO Mar Hershenson said valuation was "several times up."
Pierre R. Lamond, partner at Sequoia Capital, joins the board of directors,
bringing the total of directors to five. The company said it will use the
funds, which it expects to last for up to two years, for sales and marketing.
The company, which employs 25 currently, expects to add about 20 more to the
staff by year's end. After launching the company's first product at the end
of 2000, Barcelona Design expects between $3 million and $4 million in 2001
revenues. The company will probably raise another round early in 2003, said
Ms. Hershenson. Barcelona Design has raised $13.6 million to date.
		http://www.barcelonadesign.com

		Memsic Closes Second Round at $8.25M, Celtic House Leads
		 mail? top

		 ANDOVER, Mass. (VENTUREWIRE) -- Memsic, which manufactures advanced micro
electro-mechanical systems (MEMS) sensors and accelerometers, said it raised
$8.25 million in its second round led by new investor Celtic House, with
participation from new investor Ironside Ventures, and past investors, Still
River Fund and Investar. The company said the money will be used for
infrastructure development and product development. Founded in 1999 by Yang
Zhao, the company develops CMOS-based MEMS accelerometers for smart
appliances, gaming peripherals, and automotive sensing designs. Memsic has
received investments from publicly traded Analog Devices. Mr. Zhao previously
worked in Analog's micromachined products division.
		http://www.memsic.com

		Dentist Site Smile-on Closes Second Round with $1.5M
		mail? top

		 LONDON (VENTUREWIRE) -- Brainspark, a technology and Internet incubator,
said Smile-on Holdings, which provides Internet education and online service
for dentists, closed its second round with  GBP 1.05 million ($1.5 million)
from The Boots Company, Brainspark, and individuals. Smile-on will use the
financing for business expansion and new e-learning projects. Brainspark
began incubating Smile-On in January 2000.  Smile-on has raised approximately
$2 million in two rounds.
		http://www.brainspark.com
		http://www.smile-on.com

		In-Depth Systems Gets $600K from Marathon Oil in Round Two
		 mail? top

		 HOUSTON (VENTUREWIRE) -- In-Depth Systems, a developer of depth-control
technology for the oil and gas industry, said that it received $600,000 in
second round equity financing from publicly traded Marathon Oil, an oil firm
engaged in the worldwide exploration and production of crude oil and natural
gas. The company plans to dedicate the new money to technology development.
As a result of this financing, In-Depth Systems received one seat on
Marathon's three-member board. In-Depth Systems, which has a post-money
valuation of $12 million, anticipates the new funds to carry the company
through to profitability by the second quarter of 2002. The company is
currently seeking strategic technology development partners. In November 1999
In-Depth Systems raised $600,000 in first round financing from individuals
from the Blue Water Venture Group.
		http://www.wellboredna.com

		eMarketWorld Gets Debt Financing From The Palladin Group
		 mail? top

		 RICHMOND, Va. (VENTUREWIRE) -- eMarketWorld, which owns and operates
e-business trade conferences, said that it received an undisclosed amount of
debt financing from the Palladin Group. The company, which filed for Chapter
11 this month, plans to dedicate the new funds to implement and complete its
reorganization strategy within the next two months. Financial details of the
deal were not disclosed. Tanager Capital Group provided consulting services
to the Palladin Group in this transaction. In the past year, eMarketWorld has
reduced its staff from 194 to 25 employees, or by about 87%. According to CEO
Skip Brickley, eMarketWorld is currently exploring options with a main
objective of "maximizing the return to the creditors." In June 1999
eMarketWorld raised Series A financing of $6 million from Internet Capital
Group, with unnamed individuals participating.
		http://www.emarketworld.com

		Answer Financial Takes Equity Stake in Vebnet
		 mail? top

		 LOS ANGELES (VENTUREWIRE) -- Answer Financial (AFI), an online financial
services provider, announced it has formed an alliance with London-based
Vebnet, which provides technology and services to support the sale of
financial products such as employee and non-employer affinity-group benefits,
under which it will take an undisclosed equity stake in Vebnet. The alliance,
which involves licensing AFl's platform to Vebnet, will allow AFI to expand
its business to Europe. Vebnet, which was founded in July 2000, is backed by
Cross Atlantic Capital Partners. AFI has received funding from DB Capital
Partners, Conning & Company Private Equity Group, and E*Trade Bank.
		http://www.answerfinancial.com

		PlanCentral Looking For Alliances, $1 Million Second Round
		 mail? top

		 NEW YORK (VENTUREWIRE) -- PlanCentral, a developer of supply chain
management technology, is on the prowl for alliances with consulting firms as
well as $1 million in second-round funding. According to the company's chief
executive officer, Deep Parekh, both the partnerships and the financing are
part of the fledgling company's expansion plans. Founded in February 2000,
PlanCentral secured $700,000 in angel funding last October and is now talking
to both venture capital firms as well as individual investors. Mr. Parekh
said he hopes to complete the current round by August and, once raised, he
expects the capital to last nine months to a year. To date, the New York
company, which employs five and has a burn rate of $40,000 a month, has
received commitments for about $400,000 of the $1 million. Mr. Parekh said
the company is looking for an investor to lead the round. Mr. Parekh also
added that he believes that PlanCentral is better positioned for angel money
at this point in the company's life cycle. Although the company hasn't
officially launched its product, Mr. Parekh said he expects to complete the
beta tests in time for a June launch. Three companies are testing the product
and Mr. Parekh said at least two of them are likely to be customers. He said
the company is gearing up to attract customers in the manufactured product
space, which includes producers of personal care items, cleaning products,
and appliances. Mr. Parekh said the company is also looking to forge
alliances with a number of mid-level consulting firms capable of selling and
implementing his company's product. To date, PlanCentral has established
relationships with publicly traded Intelligroup, an Edison, N.J.-based
company that provides businesses with system integration and custom software
development services, and Deerfield Beach, Fla.-based EV Logix, a provider of
order processing and fulfillment software. According to AMR Research, the
market for supply-chain management software and services will be worth an
estimated $15 billion by 2003 and $20.3 billion by 2004.
		http://www.plancentral.com

		 bad news
		?
		Report: Terabeam Cuts Staff By 10%
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Terabeam, a provider of broadband services using
free space laser optics technology, has laid off 54 workers according to a
report in The Wall Street Journal. The company said the cost-cutting move
will not affect its plans for expansion. The company raised $105 million in a
third round of funding led by Softbank and received $450 million from Lucent
Technologies as part of a strategic partnership agreement in April 2000.
		http://www.terabeam.com

		Blue Dolphin Lays Off 20%; Profitability Goal Pushed Back
		 mail? top

		 WAYLAND, Mass.  (VENTUREWIRE) -- The Blue Dolphin Group, an e-mail-based
magazine subscription agent, said it cut 20% of its staff, or approximately
16 people, last Thursday and Friday in response to the economic downturn and
in an effort to conserve cash. The company said it now expects to reach
profitability in the next 18 to 24 months, in contrast to an initial
projection of 12 months. Blue Dolphin said the cuts were across the board and
that 64 employees remain with the firm. All the laid-off employees will be
receiving severance. Blue Dolphin had no comment on how the layoffs affected
the burn rate. Blue Dolphin earns revenue based on how many readers of its
free newsletters choose to subscribe to the promoted magazines. In total,
Blue Dolphin has raised $24 million, including a $14 million second round in
March, from Commonwealth Capital Ventures, Matrix Partners, and North Bridge
Venture Partners.
		http://www.bluedolphin.com

		Dismissals at ShopForSchool.com as Site Looks to Sell Out
		 mail? top

		 ST. LOUIS PARK, Minn. (VENTUREWIRE) -- ShopforSchools.com, a shopping site
that contributes part of each purchase to a school chosen by the buyer, has
laid off a portion of its staff, a company spokesperson said. The board has
also decided to sell the company. Cuts included sales and administration
positions. The staff size had reached a peak of approximately 75 employees.
ShopforSchools.com has raised $14 million from Affinity Ventures, Delphi
Ventures, DRW Venture Partners, Leeds Equity Partners, partners from the
investment unit of Dain Rauscher, and individual partners from US Bancporp
Piper Jaffray.
		http://www.shopforschool.com

		 m&a
		?
		Vsource to Acquire NetCel360 for 19.9% of Common Stock
		 mail? top

		 VENTURA, Calif. (VENTUREWIRE) -- Vsource, a publicly traded company that
provides outsourced private exchange and marketplace applications, said it
signed an agreement to acquire the assets of NetCel360, which operates as a
pan-Asian provider of Internet-based e-commerce outsourcing services, in
exchange for 19.9% of  Vsource's common shares, valued at $0.37 per share.
Vsource will also assume payment of a $3.45 million bridge financing. When
the deal is complete, Steven Edelson, acting chairman of Vsource, and Phil
Kelly, chairman of NetCel360, will serve as co-chairs of  Vsource. Mr. Kelly
will also serve as CEO. Vsource will have headquars in the U.S. and will have
offices in Hong Kong, Singapore, Kuala Lumpur, and Tokyo. Investors in
NetCel360 were Total E-commerce, the Baring Asia Private Equity Fund,
Softbank China Venture Investment, bainlab, United Parcel Service, and CMC
Magnetics. Vsource is advised by Chicago-based law firm McDermott, Will &
Emery.
		http://www.netcel360.com
		http://www.vsource.net

		Broadband Firm WideOpenWest Acquires Assets of Ameritech
		mail? top

		 CASTLE ROCK, Colo. (VENTUREWIRE) -- WideOpenWest (WOW), a residential
broadband provider, announced an agreement to acquire the assets of the cable
television network Ameritech New Media, which has been operating under the
name americast. Financial details of the all-cash deal were not disclosed.
Ameritech New Media is owned by Ameritech, which is a subsidiary of publicly
traded telecommunications firm SBC Communications. WOW said the acquisition
will be completed by the end of the year once municipal franchise rights have
been approved. As a result of the acquisition WOW, which currently services
Denver, will service americast's 310,000 households in Chicago, Detroit,
Cleveland, and Columbus, Ohio. WOW said MKMB, which owns authorized Ameritech
retail stores, acquired an undisclosed stake in the firm and gained a board
seat.  Either Martin King or Marc Brooks, the two principals of MKMB, will
join WOW's board of directors, which will now have nine directors. MKMB will
also provide marketing and operational services to WOW. WOW said the acquired
systems will be used as a platform for introducing digital video and
broadband high-speed Internet services to approximately two million
residences in the Midwest. WOW currently employs 120 people and will acquire
americast's offices and an undetermined number of employees in Chicago,
Detroit, Cleveland, and Columbus. WOW said investors own approximately 80% of
the company. The company also said it plans on raising a new round in the
fourth quarter. WOW has raised $50 million in first-round funding from Oak
Hill Capital Partners and ABRY Broadcast Partners. Paul, Weiss, Rifkind,
Wharton, & Garrison in New York provided legal counsel to WOW. KPMG provided
financial advice to WOW. The law firm of Arnold & Porter in Washington
advised Ameritech.
		http://www.wideopenwest.com

		GourmetMarket.com Buys E-Mail Marketing Firm TargitMail
		mail? top

		 BOCA RATON, Fla.  (VENTUREWIRE) -- GourmetMarket.com, a publicly traded
firm, announced it has acquired Global Technology Marketing International, a
Portsmouth, N.H.-based e-mail marketing firm that operates as TargitMail in
exchange for $400,000 in convertible notes and the assumption of liabilities
valued at several million dollars. TargitMail will be the new name of the
acquired company and it will operate as a wholly owned subsidiary of
GourmetMarket.com. In 2000 TargitMail generated $6 million in sales and is
expected to surpass this amount in 2001. GourmetMarket.com, which sold its
retail food and wine Web site in March to privately-held VirtualGourmet.com
for a 20% equity in VirtualGourmet.com, said it is changing its business
model to become an interactive marketing firm and also said it will soon
change its name to reflect its new business model. GourmetMarket.com's CEO
Noel J. Guillama is also acting as the CEO for TargitMail. TargitMail's COO
Cindy Winthrop resigned two weeks ago to pursue other activities.
GourmetMarket.com said no other changes were expected to occur at
TargitMail's office or to its 20-person staff. GourmetMarket.com also said it
expects to finalize another acquisition of an undisclosed interactive
marketing firm located in Boca Raton, Fla., in June. The acquisition target
has received more than $1 million from European venture capital firms. The
company said it is also evaluating five other interactive marketing firms as
potential acquisitions. In December 2000 the iiGroup announced plans to
acquire TargitMail in a mixed cash and stock transaction but was unable to
raise the amount required to complete the deal. TargitMail had received $17
million from Tyco International's CEO and chairman, Dennis Kozlowski, and
Tyco's CFO Mark Swartz. Mr. Kozlowski and Mr. Swartz will act as strategic
advisers to GourmetMarket.com. TargitMail received legal counsel from Watson
& Bosen in Portsmouth, N.H. GourmetMarket.com received financial advice from
the investment banking firm MCG Partners in Boca Raton, Fla.
		http://www.targitmail.com

		 new directors
		?
		Asset Tracking Firm Fulcrum Adds Three to Board
		 mail? top

		 SEATTLE (VENTUREWIRE) -- Fulcrum Technologies, which provides asset tracking
and materials management software applications, said it added three new
directors to its board: John Chapple, president and CEO of wireless firm
Nextel Partners; Richard P. Fox, president and COO of Internet security firm
CyberSafe; and John Scully, managing director of Incepta Partners, an
investor in the company. Messrs. Chapple and Fox were introduced to Fulcrum
by Incepta, which invested $4.5 million in the company in March to help it
expand internationally. The other members of the five-person board are CEO
Brent Bauer and Ric Reifel, national sales manager.
		http://www.fulcrum.net

		 new people
		?
		TeaLeaf Technology Appoints Ask Jeeves Exec to CEO
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- TeaLeaf Technology, a developer of technology
for evaluating online customer experience of companies' Web sites, announced
the appointment of Frank Vaculin as chief executive officer. He replaces
Robert Wenig, who will retain his position as chairman and assume chief
technology officer responsibilities. Mr. Vaculin previously served as
executive vice president for Ask Jeeves, where he launched the company's
business-to-business unit. To date, TeaLeaf has raised $24.1 million from
Foundation Capital, J.P. Morgan Chase & Co., Matrix Partners, and SAP.
		http://www.tealeaf.com

		GlobalLearningSystems Promotes Exec VP to President
		mail? top

		 McLEAN, Va. (VENTUREWIRE) -- GlobalLearningSystems, a provider of online
corporate education products and services, announced the promotion of
executive vice president Nicholas R. Schacht to president. As president, Mr.
Schacht will assume operational responsibilities for vice chairman Bernard J.
Luskin, who will remain with the company in a non-executive position. Mr.
Schacht joined the company in June 1999, after serving as group president of
the Americas for IIR B.V. The company has raised more than $45 million in
three rounds from Emigrant Capital, Hampshire Equity Partners, ParCom
Ventures, and Residentie Investments.
		http://www.globallearningsystems.com

		Italian Software Maker hi-flier Names cirlab! co-founder CEO
		 mail? top

		 FLORENCE (VENTUREWIRE) -- hi-flier, a developer of matchmaking software for
wired and wireless Internet applications, said it has appointed Marco Cupidi
as chief executive officer. Mr. Cupidi, who is co-founder and general partner
of cirlab!, an investor in hi-flier, has served as the company's chairman
since May 2000. He replaces co-founder Salvatore Manzi and Guido Braccini.
Mr. Manzi becomes vice president of business strategy, while Mr. Braccini
becomes vice president of Rand engineering. Hi-flier was founded in
September 1999 and received initial financing from cirlab!.
		http://www.cirlab.com
		http://www.hi-flier.com

		TManage Appoints New President and CEO
		 mail? top

		 AUSTIN, Texas (VENTUREWIRE) -- TManage, which provides telecommuting
program-management systems and support infrastructure, said it appointed
Carey Balzer as its new president and CEO. He replaces founder Glenn
Lovelace, who will remain chairman of the board. Prior to joining TManage,
Mr. Balzer was the president and CEO of Vectris, a company in Austin, Texas
that he founded. TManage is backed by Austin Ventures, Current Ventures, Dell
Computer, G-51 Capital, Hewlett-Packard, High Growth Management, Information
Access Technology, Prime Ventures, and Techxas Ventures.
		http://www.tmanage.com

		Business Intelligence Software Firm Coremetrics Names CEO
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Coremetrics, which provides business
intelligence software and services, said Scott Kauffman has joined as CEO and
president. He replaces Brett Hurt, co-founder and former CEO of Coremetrics,
who will now serve as chairman and chief architect. Mr. Kauffman has served
as president and CEO of several venture-backed technology firms, including
eCoverage and AdKnowledge, and previously held executive positions in
magazine publishing. Coremetrics, which has raised a total of $62 million in
equity and debt financing, had a round of layoffs in April because of
decreased demand for high-end consulting services. The company is backed by
Accel Partners, Constantin Partners, Garage.com, General Catalyst, Highland
Capital Partners, Selby Venture Partners, Tinshed, and Western Technology
Investments.
		http://www.coremetrics.com

		 vc fund news
		?
		Bedrock's $130 Million Fund Topped Out
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Bedrock Capital Partners, an early-stage
investment firm, has fully invested its fund and will not raise another,
managing director Jason Rosenbluth told VentureWire.  With $130 million that
it raised in 1998, Bedrock's first and only fund invested primarily in seed
and first rounds of healthcare and technology companies. Mr. Rosenbluth said
the firm has a percentage of the fund set aside for follow-up investment, but
declined to say how much. Bedrock's portfolio includes San Francisco-based
Alibris, Palo Alto, Calif.-based Cbyon, Portland, Me.-based Gofish.com, and
Chelmsford, Mass.-based Brix Networks. The founding members of the firm were
general partner Paul W. Brown, general partner David Duval, and Jim McLean,
who left the firm to join ComVentures in August 2000.
		http://www.bedrockcapital.com

		 vc personnel
		?
		Lloyds TSB Development Capital Adds Two to Staff
		 mail? top

		 LONDON (VENTUREWIRE) -- Lloyds TSB Development Capital, the venture capital
branch of the Lloyds TSB group, said it added Candida Morley and Jonathan
Caswell to its London office. Ms. Morley has become portfolio director. She
previously was the director of development for the V?Museum. Mr. Caswell, who
was previously with the Lloyds TSB group for 12 years, will serve as U.K.
business development executive. They will both report to regional managing
director, Patrick Sellers. LDC has eight offices in the U.K. and invests in
small to mid-size businesses. In 2000, LDC invested $155 million in 25
companies.
		http://www.ldc.co.uk

		Insight Capital Partners Makes Two New Appointments
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Insight Capital Partners, a private equity
investment firm, said it has made two appointments to its staff. Nancy
Weinstein, who was previously entrepreneur-in-residence with Internet
incubator idealab!, joins the company as an associate, and Rob Jacobs, who
was previously employed by law firm Cozen & O'Connor, joins as an analyst.
With these appointments the company now employs 42 people. Founded in 1995,
Insight Capital Partners has approximately $1 billion under management.
		http://www.insightpartners.com

		Willis Stein & Partners Appoints CSFB Director as Partner
		 mail? top

		 CHICAGO (VENTUREWIRE) -- Willis Stein & Partners, a private equity
investment firm that specializes in negotiated investments with early-stage
companies, announced that Philip B. Pool Jr. has joined the firm as partner.
Most recently Mr. Pool was a managing director of the private fund group at
Credit Suisse First Boston. He will manage the Willis Stein & Partners'
corporate development and investor relations activities. Willis Stein
currently manages approximately $2.9 billion of equity capital, targeting
investments in U.S.-based public and private companies with transaction
values ranging from $100 million to $1 billion.
		http://www.willisstein.com

		 vw corrections
		?
		Asera
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An item in Wednesday's VentureWire about the
appointment of David Murphy as the new president and CEO of Asera incorrectly
listed Crosslink Capital as an investor in the company. The firm does not
hold a stake in Asera.

		BlackHog
		mail? top

		 NEW YORK   (VENTUREWIRE) -- A story in Thursday's VentureWire incorrectly
stated that Sunnyvale, Calif.-based BlackHog employs 37 people after recent
layoffs. After cutting 20, BlackHog has 52 employees.

		Auxyn Bioscience Ventures
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An item in Thursday's VentureWire about Auxyn
Bioscience Ventures misspelled the name of the company's chief Ganesh Kishore.

		company index
		top

		Actimize, Actimize, ActivX, Answer Financial, Answer Financial, Aventail,
Barcelona Design, Barcelona Design, Bedrock Capital Partners, Blue Dolphin
Group, Blue Dolphin Group, BlueLight.com, BlueLight.com, BondBook, Bowman
Capital Management, Brainspark, Brainspark, Cataloga, cirlab!, cirlab!, Coast
Software, Cognistar, Coremetrics, Coremetrics, CyberSafe, CyberSafe,
DataChannel, eMarketWorld.com, eMarketWorld.com, EyeWonder, EyeWonder,
Fulcrum, Fulcrum, Gearworks, GlobalLearningSystems, GlobalLearningSystems,
Hi-flier, Hi-flier, iMediation, In-Depth Systems, In-Depth Systems, Infineon
Technologies, Infineon Technologies, Insight Capital Partners, Insight
Capital Partners, Kestrel Solutions, Kestrel Solutions, Laser Diagnostic
Technologies, Luxxon, Macdonald & Associates, Memsic, Memsic, Neopoint,
NetCel360, New Vantage Group, Newtrade Technologies, Novazyme
Pharmaceuticals, PlanCentral, Ricerca, ShopforSchool, ShopforSchool, Silicon
Alley Seed Investors, Smile-on Holdings, Smile-on Holdings, SubmitOrder.com,
SubmitOrder.com, TargitMail, TargitMail, TeaLeaf Technology, TeaLeaf
Technology, TeleCentric, TManage, Veripost, Vsource, WANWall, WANWall,
WideOpenWest, WideOpenWest, Willis Stein & Partners, Willis Stein & Partners

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		investor index
		top

		Amadeus Capital Partners, Amadeus Capital Partners, Barksdale Group,
Barksdale Group, Boots Company, Boots Company, Brainspark, Brainspark, Carmel
Ventures, Carmel Ventures, Celtic House, Celtic House, Flextronics
International, Flextronics International, GE Capital, GE Capital, Imperial
Bank, Imperial Bank, Integral Capital Partners, Integral Capital Partners,
Intel Capital, Intel Capital, InveStar Capital, InveStar Capital, Ironside
Venture Partners, Ironside Venture Partners, Merrill Lynch Kecalp, Merrill
Lynch Kecalp, Morgan Stanley Dean Witter Venture Partners, Morgan Stanley
Dean Witter Venture Partners, NCT Ventures, NCT Ventures, Oracle Venture
Fund, Oracle Venture Fund, Partners Group, Partners Group, Pino Ventures,
Pino Ventures, PNC Bank, PNC Bank, Silver Lake Partners, Silver Lake
Partners, Still River Management, Still River Management

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		This copy of VentureWire and the information within it may not be reproduced,
saved, or otherwise copied into a database without the prior written consent
of Technologic Partners.

		VentureWire is a service mark of Technologic Partners
		,2001 Technologic Partners
			?


Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Mark:  Please verify for me that you told Susan F. that Samantha would be
responsible for the brokerage accounts when she joins us.  I wasn't certain
that Susan knew and I didn't want to spring it on her.  Thanks.  Sara


Stacy:

I would like to know who on the committee is willing to spend time and resources on what issues.  I think that is critical.  Thanks.

Mark

-----Original Message-----
From: Stacy Carey [mailto:SCAREY@ISDA.ORG]
Sent: Friday, August 10, 2001 8:09 PM
To: Robert M. Coors; 'JEFFREYS@CAPITAL-RE.COM'; 'LABRAMS@AIGI.COM';
'MDOUVAS@AIGI.COM'; Daniel Cunningham; 'MCARROLL@VITOLGE.COM';
'MCDERMME@BP.COM'; 'RDILWORTH@BOFASECURITIES.COM'; 'BOBNA@ART.COM';
'JOTOOLE@MONTGOMERY.COM'; 'JAMES.WHITMORE@BMO.COM'; 'JMASUDA@BTMNA.COM';
'GUY.DEMPSEY@BARCLAYSCAPITAL.COM'; 'SMANN@BRR.COM';
'PUSUNG@BAYLBNY.COM'; 'NANCY.PERSECHINO@BINGHAM.COM';
'JOHN.PEARSON@CIBC.CA.COM'; 'CHRISTOPHER.NYGARD@CIBC.COM';
'LINDA_LANE@CARGILL.COM'; 'DAVID_GABNEE@CARGILL.COM';
'NICK_SUMMERS@CARGILL.COM'; 'JUDY_HINKLIN@CARGILL.COM';
'MARA_ALEXANDER@CARGILL.COM'; 'KATHY_GERKIN@CARGILL.COM';
'MIKE_GROVER@CARGILL.COM'; 'MARC_RUBENSTEIN@CARGILL.COM';
'PHILIP.LEVY@CHASE.COM'; 'PAUL.MOELLER@CESOURCE.COM';
'KATHLEEN.JONES@CONSTELLATION.COM'; 'AREYNAUD@CORAL_ENERGY.COM';
'MHELMA@CORAL_ENERGY.COM'; 'CHIP.GOODRICH@DB.COM';
'LKLEIN@DEWEYBALLANTINE.COM'; 'MMUNRO@DOW.COM'; 'FRUIZ@DOW.COM';
'MTKAY@DOW.COM'; 'LHERMANN@DUKE-ENERGY.COM';
'CGRAEBNER@DUKE-ENERGY.COM'; 'BJACOBS@DUKE-ENERGY.COM';
'AEABBOT@DUKE-ENERGY.COM'; 'JCHE@DYENERGY.COM'; 'DRWE@DYENERGY.COM';
'PJPA@DYNERGY.COM'; 'GSFO@DYNEGY.COM'; Brad Farnsworth;
'WEDE@DYNEY.COM'; 'MSFA@DYNEGY.COM'; 'GKLA@DYNEGY.COM';
'HEMU@DYNEGY.COM'; 'JONES@EPENERGY.COM'; 'WAGNER@EPENERG.COM';
'SHUTTEEJ@EPENERGY.COM'; 'ERICKSONB@EPENERGY.COM';
'SIDDALLD@EPENERGY.COM'; 'KIMBALLS@EPENERGY.COM';
'MALCOMR@EPENERGY.COM'; 'HOFERC@EPENERGY.COM'; 'COOPERS@EPENERGY.COM';
'HEBENSTREIT@EPENERGY.COM'; 'LUMS@EPENERGY.COM';
'JAMESONK@EPENERGY.COM'; 'NAGELS@EPENERGY.COM'; 'ARASPE@ELEMENTRE.COM';
'LCLEMMONS@ELEMENTRE.COM'; Taylor, Mark E (Legal); Sager, Elizabeth;
Mark Haedicke; 'GLEN.HECHT@EY.COM'; 'LAURA.TORRES@EY.COM';
'CARYN_M_POLOSKE@EMAIL.MOBIL.COM'; 'RALPH_N_JOHANSON@EMAIL.MOBIL.COM';
'NOREEN_M_TAMA@EMAIL.MOBIL.COM'; 'SHUI-I-SETO@FLEET.COM';
'CAROLANNE.GARDNER@GECAPITAL.COM'; 'ALAN.GREEN@GECAPITAL.COM';
'WENDY.ORMOND@LAW.GE.COM'; 'GLENN.GOGGINS@GECAPITAL.COM';
'COLIN.BURRELL@GECAPITAL.COM'; 'ED.GREBECK@GECAPITAL.COM';
'PATRICIA.HOGAN@GS.COM'; 'STEVEN.BUNKIN@GS.COM'; Bob Mancini;
'CCERRIA@HESS.COM'; 'FYATES@HESS.COM'; 'JLOPEZ@HESS.COM';
'DDELLACONA@HESS.COM'; 'GAUDREAU.GILLES@HYDRO.QC.CA'; Louise
Guillemette; 'PAUL-HUS.REAL@HYDRO.QC.CA'; 'POULIOT.MARIE@HYDRO.QC.CA';
'FUGERE.ALAIN@HYDRO.QC.CA'; 'CAROLYN_LOVERRO@INFINITY.COM';
'PALAZZO_CHIARA@JPMORGAN.COM'; 'THOMPSON_DON@JPMORGAN.COM';
'AZAIM@KPMG.COM'; 'GTLEE@LLGM.COM'; 'FWU@LLGM.COM';
'BRYAN.ADEL@MCD.COM'; 'MICHAEL.IRGANG@MCD.COM'; Carlton D. Pearl;
'GLORIA.SANTONA@MCD.COM'; 'RICHARD.MIKE@MCD.COM';
'SCHULTZ.HARVEY@MCD.COM'; 'WCHAN@MILBANK.COM'; 'BMCCOY@MORGAN.COM';
'EPSTEIN@MS.COM'; 'R.CONE@NABNY.COM';
'GREG.MALCOLM@ONTARIOPOWERGENERATION.COM';
'MEG.TIMBERG@ONTARIOPOWERGENERATION.COM';
'BILL.GARVIN@ONTARIOPOWERGENERATION.COM'; 'EDWARD.KIM@PSEG.COM';
'EDWARD.KIM@PSEG.COM'; 'STEVEN.TITELMAN@PSEG.COM';
'JAN.PLUMAKER@PSEG.COM'; 'JBANDMAN@PREBON.COM';
'STEVE.BARR@GEMSLGOV.BC.CA'; 'SCOTT_DIAMOND@PRUFEC.COM';
'DONALD.LEIBOWITZ@PSEG.COM'; 'CYNTHIA.MIDURA@PSEG.COM';
'JOHN.SCHMIDT@PSEG.COM'; 'MARIA.SALVATORE@PSEG.COM';
'JOHN.MCDERMOTT@PSEG.COM'; 'JONATHON_D_PUCKETT@RELIANTENERGY.COM';
'CHRISTY_B_BRINKMAN@RELIANTENERGY.COM';
'KELLY_L_MCEVOY@RELIANTENERGY.COM';
'CREGG_D_LANCASTER@RELIANTENERGY.COM';
'JANNALYN_GALLOWAY@RELIANTENERGY.COM'; 'DRUSSO@RELIANTENERGY.COM';
'STEVEN.J.KELTZ@SSMB.COM'; 'HWEST@SHERMAN.COM'; 'DPARISI@SHERMAN.COM';
'JFARNSWO@SKADDEN.COM'; 'MGOLDSTEIN@STROOCK.COM';
'RAISLERK@SULLCROM.COM'; 'JAMES_BAKER@SUMMITHQ.COM';
'DFRANK@SABLAW.COM'; 'MYALE@SABLAW.COM'; 'JGROVER@TXU.COM';
'BHELTON@TXU.COM'; 'TPOWELL@TXU.COM'; 'TONOFRIO@TRACTEBELUSA.COM';
'SUSAN_POULSON@TRANSCANADA.COM'; 'GARY_MOLNAR@TRANSCANADA.COM';
'JANINE_WATSON@TRANSCANADA.COM'; 'CHRISTINE_JOHNSTON@TRANSCANADA.COM';
F.B. Cochran lll; 'DBLYTH@VELAW.COM'; 'RFREDRICKSON@VELAW.COM';
'ACURRY@VELAW.COM'; 'RBAIRD@VELAW.COM'; 'OBYAZITOGLU@VELAW.COM';
'RRABALAIS@VELAW.COM'; 'PTHEOFANIDIS@VELAW.COM'; 'JDILG@VELAW.COM';
'GLENNON@VITOLGE.COM'; 'JRINTELL@VITOLGE.COM';
'WILLIAM.SULLIVAN@WDR.COM'; 'KAUMANE.D.BURTON@WELLSFARGO.COM';
'MILLER@NEWYORK.WHITECASE.COM'; 'HOWARD.SACAROB@GECAP.com';
'PMACMILLAN@ONTARIOPOWERGENERATION.COM'; Aronowitz, Alan;
'Ken.Bowen@rbcds.com'; 'kieran.bergin@pseg.com'; 'mrae@strook.com';
'william.mccoy@morganstanley.com'; 'jay.taylor@barclayscapital.com';
'michael.brovan@gs.com'; 'steven.j.keltz@ssmb.com'; 'bmorgen@aiai.com';
'sheila.nagel@elpaso.com'; 'cccooper@bingham.com';
'shawn.leyden@pseg.com'; 'Cooper, Christopher C.'; 'Gross, Miriam S.';
'Reardon, Marc A.'; 'curquhart@milbank.com'; 'skramer@milbank.com';
'gwen.kelly@pseg.com'; 'SStofer@reliant.com'; 'pgraff@reliant.com';
'McGilloway, Vangie'; 'Sophie Lussier'; 'Glenn.K.Labhart@dynegy.com';
Decker, Larry; 'Philip.Levy@chase.com'; McCullough, Travis;
'dbruning@aigi.com'; 'mcassidy@aigi.com'; 'splatel@aigi.com';
'ronald.c.brinson@bankofamerica.com'; 'robert.j.nagy@bankofamerica.com';
'ken.reeder@bankofamerica.com'; 'ameen.karmally@scotiabank.com';
'leo.lai@chase.com'; 'blake.titrud@chase.com';
'david.yeres@cliffordchance.com'; 'praimondi@carrfut.com';
'aeabbott@duke-energy.com'; 'craig.young@enron.com';
'nikiforos.mathews@gs.com'; 'stanley.preston@gs.com';
'keir.prince@gs.com'; 'michael.j.egelhof@us.hsbc.com';
'byron.rennick@us.hsbc.com'; 'ajain@worldbank.org'; 'leandro@iadb.org';
'giovannig@iadb.org'; 'wfhenze@jonesday.com'; 'jchin@mayerbrown.com';
'tassop@pacfor.com'; 'ncrist@prebon.com';
'john.finnerty@us.pwcglobal.com'; 'wade_a_hoefling@reliantenergy.com';
'mgreenberg@sidley.com'; 'mgrottenthaler@tor.strikeman.com';
'wscott@tor.strikeman.com'; 'kelly.johnson@wellsfargo.com'
Cc: Robert Pickel; Ruth Ainslie; Emily Jelich; Scott Marra; Katia
d'Hulster; 'Christophe.Chassard@rwetrading.com'; 'John Berry - NY';
Barbara Hanlon
Subject: ISDA North American Energy and Developing Products Committee -
July Meeting Summary & Documentation Projects

Attached is a memorandum summarizing the July 27, 2001 meeting of ISDA's
North American Energy and Developing Products Committee. ISDA's Energy and
Developing Products Committee, Chaired by Mark Haedicke, General Counsel of
Enron Capital and Trade Resources Corp., focuses on facilitating and
addressing issues ranging from documentation to market practice related to
the prudent development of the range of commodity derivatives transactions.
For those of you who were unable to attend this meeting, the agenda and
handouts are available on ISDA's web site under the Energy Committee
section.

Also attached is a table outlining various documentation projects reflecting
our July discussion.  We would appreciate your reviewing the attached table
and forwarding your suggestions and comments so that the Committee is able
to plan the agenda moving forward.  Thank you in advance for your thoughts
and views.

Additionally, ISDA is in the process of updating the database for the Energy
Committee.  Our apologies if you have received this e-mail in error,
received duplicate versions of this e-mail or if one of your colleagues had
been inadvertently omitted. Please notify Scott Marra: smarra@isda.org
regarding any modifications (additions or deletions) to this mailing list as
soon as possible.

Many thanks.

 <<NA Energy Committee Memo 8-10.doc>>   <<Documentation Projects.doc>>

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org


Attached is an update to the price forecast spreadsheet of the analysts from the forest products industry.

Merrill Lynch updated commodity price forecast is reflected.

Thanks,

Stacey

Stacey L. Wales

Stacey Wales
Origination Transaction Support
Enron Industrial Markets
713-345-7186


Notice # 01-187
June 1, 2001

TO:
All NYMEX and COMEX Division Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Implementation of Rule Amendments Increasing Capital Requirements for NYMEX
and COMEX Clearing Members

DATE:
June 1, 2001
===========================================================
Please be advised that the Exchange has determined to implement amendments to
NYMEX Rule 9.21 (&Minimum Capital Requirements8) and to COMEX Clearing
Association Rule 20 (&Minimum Capital Requirements8), which are attached
below. The amendments further enhance the financial integrity of the Exchange,
s Clearing Houses by raising the minimum capital requirements applicable to
all Clearing Members from $2 million to $5 million.  The amendments will go
into effect on June 30, 2001.

If you have any questions concerning this change, please contact Bernard
Purta, Senior Vice President, Regulatory Affairs and Operations, at (212)
299- 2380; Arthur McCoy, Vice President, Financial Surveillance Section,
NYMEX Compliance Department, at (212) 299-2928; or Charles Bebel, Vice
President, Clearing Department, at (212) 299-2130.

NYMEX Rule 9.21. MINIMUM CAPITAL REQUIREMENTS

(Additions are indicated by asterisks; Deletions are in {Brackets})

         "(B) Financial Requirements

 Each clearing member registered with the Commission as a futures commission
merchant shall have and maintain working capital equal to or in excess of the
greater of {$2,000,000} *$5,000,000* or the amount prescribed in Commission
Regulation 1.17. Except as provided in Rule 9.02(K), all other Clearing
Members shall have and maintain minimum working capital of {$2,000,000}
*$5,000,000*.

CCA Rule 20. MINIMUM FINANCIAL REQUIREMENTS

(Additions are indicated by asterisks; Deletions are in {Brackets})

 (a)(ii) &A Clearing Member must have and maintain at all times an adjusted
net capital or working capital, as the case may be, of not less than the
amount set forth in Rule 20(b)( .8
 (b)(I) &For a Clearing Member which is a Futures Commission Merchant
registered as such with the Commission {and which is a U.S. person,} the
minimum amount of adjusted net capital shall be {two million ($2,000,000)}
*$5,000,000* {Dollars}.8
 {(b)(ii) &For a Clearing Member which is a Futures Commission Merchant
registered as such with the Commission and which is a non-U.S. person, the
minimum amount of adjusted net capital shall be Two and One Half Million
($2,500,000) Dollars of which at least One Million ($1,000,000) Dollars ( .8}

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-187)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Thanks for coming to Denver for the meeting.  I know it seems like a longshot but if it happens I think we have an excellent shot at being involved in some respect.

Thanks again.

Mark


Dear UT Team:

Here are the logistics for this week's events:

Hotel:
Double Tree Guest Suites
303 W. 15th St.
(512) 923-8600
Beth Atkinson: 85791601 ( 2 nights)
Jay Boudreaux: 84493393 (1 night)
Dub Morris: 80823857 (1 night)
Michael Howe: 80564337 (1 night)
Cedric Burgher: 85009041 (2 nights)
Rick Causey: 80807217 (2 nights)
Chris Chenoweth: 88182865 (1 night)
Kim Chick: 82923057 (1 night)
Shilpa Mane: 82119953 (1 night)
Mike Deville: 83697841 (2 nights)
Mason Hamlin: 82150673 (1 night)
Mark Lindsey: 87629553 (2 nights)
Zac McCarroll: 83724433 (1 night)
Brent Price: 82907089 (1 night)
Darlene Regan: 84252721 (2 nights)
Hunter Shively: 83967601 (2 nights)

Tuesday, October 3
Pre Interview Reception
6 - 9 p.m.
Shoreline Grill (512) 477-3300
98 San Jacinto Blvd. (near the intersection of Brazos and Cesar Chavez)
Business Casual attire
After the reception we will have a brief meeting to distribute resumes and
discuss round 1 procedures

Wednesday, October 4
Round 1 interviews
We will meet in the hotel lobby at 7:15am and car-pool to campus
Interviews are scheduled to begin promptly at 8am
8am - 3pm
Ford Career Center (Business building at 21st and Speedway)
** Nicer than Business Casual attire (for example, gentlemen should wear
either a tie or a jacket)
After the interviews, we will have a brief team meeting to discuss which
candidates will be invited to round 2 interviews

Round 1 Interviewers: Brent Price, Darlene Regan, Cedric Burgher, Hunter
Shively, Stan Dowell, Jay Boudreaux, Rick Causey, Mark Lindsey, Mike Deville,
Beth Atkinson, Dub Morris, Beth Apke, still need 1 interviewer
Round 1 Greeters: Kim Chick, Zac McCarroll, Mason Hamlin

Wednesday evening:
6:00 pm
Dinner with summer candidates at Z Tejas (1110 6th St.) (512/478-5355)
Reservations made under "ENRON"

Thursday, October 5
Round 2 interviews
We will meet in the lobby of the hotel at 7:15 am and car-pool to campus
Interviews are scheduled to begin promptly at 8am
8am - ???
Ford Career Center
** Nicer than business casual attire (for example, gentlemen should wear
either a tie or a jacket)
After the interviews, everyone is free to go

Round 2 Interviewers: Rick Causey, Mark Lindsey, Mike Deville, Sally Beck,
Hunter Shively, Darlene Regan, Cedric Burgher, Michael Howe, Beth Atkinson
Round 2 Greeters:  Shilpa Mane, Christopher Chenoweth

I can be reached on my cell phone should you have any questions: 281/793-1097

Thank you for your help!!!!

lexi


---------------------- Forwarded by Steven J Kean/NA/Enron on 08/24/2000
05:30 PM ---------------------------

Bruno Gaillard@EES
08/24/2000 01:45 PM
To: Susan J Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Jeff
Dasovich/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Joe Hartsoe/Corp/Enron@ENRON, Marcie Milner/Corp/Enron@ENRON, Mary
Hain@Enron, Harry Kingerski/HOU/EES@EES, James D Steffes/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES, Roger Yang/SFO/EES@EES, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron
cc:

Subject: Fwd: Decision 00-08-037 (Signed 8/21/00)

Attached is the final Duque decision. It is the clean version of the draft I
faxed on 8/21.

---------------------- Forwarded by Bruno Gaillard/SFO/EES on 08/24/2000
11:40 AM ---------------------------

"Daniel Douglass" <douglass@ArterHadden.com> on 08/23/2000 09:38:31 PM
To: <JBarthrop@electric.com>, <mnelson@electric.com>,
<rschlanert@electric.com>, <Bruno_Gaillard@enron.com>, <kmagrude@enron.com>,
<mpetroch@enron.com>, <susan_j_mara@enron.com>, <athomas@newenergy.com>,
<Jeff.Hanson@phaser.com>, <anchau@shellus.com>, <andrew.madden@utility.com>,
<ben.reyes@utility.com>, <chris.king@utility.com>, <david.bayless@utility.com>
cc:
Subject: Fwd: Decision 00-08-037 (Signed 8/21/00)

In case you didn't receive the final version of the decision voted out on
Monday approving the Duque "rate stabilization plan," here it  is.? The Wood
and Lynch dissents will be sent separately.
?
Dan
Date: Wed, 23 Aug 2000 17:25:38 -0400
From: "White, Ann" <abw@cpuc.ca.gov>
Subject: Decision 00-08-037 (Signed 8/21/00)
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_7A22EA27.04653675"

?
?
 - Ivy.gif
 - CPUC01-#77888-v-1-I0008002_Carew_Letter.DOC


Harry:

Let me know what you think.  Thanks.  SR:-)


Please note the attached DPR for revisions to the P&L figures.


I am happy to sign but I'm not technically in the ESA chain anymore.  My
understanding is that Britaldo has assumed this role.  If it will expedite
things and Ben will accept my signatrure then I can sign. I don't want to
step on anyone's toes.

Bruce Harris
12/20/2000 08:18 AM
To: Bruce Harris/NA/Enron@Enron
cc: Joe Kishkill/SA/Enron@Enron, Robert H George/NA/Enron@Enron, Kent
Castleman/NA/Enron@Enron, Rob G Gay/NA/Enron@Enron

Subject: Re: Rule 144 restrictions

Kent, I copied you on this email.

Rob, David suggested that you might be able to complete the Global Finance
section.  I have tried to complete it as best as I could, please call me with
any questions (30950).  I need this today please.

Regards,  Bruce

Bruce Harris
12/20/2000 07:38 AM
To: Joe Kishkill/SA/Enron@Enron
cc: Robert H George/NA/Enron@Enron, Theresa T Brogan/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, Bruce Harris/NA/Enron@Enron

Subject: Re: Rule 144 restrictions

Well, it alerts people that we are coming UNLESS we change the name of our
company (which gives us some protection)

Robert, how long would it take to change the name of Enron Brazil Power
Holdings XII to say, "Holdings XII"?  Theresa, would that be much effort to
change our name in our brokerage account?

If it does not take too long, lets change it.  And before we send out  this
notice, please letJoe and I know the day that is going to be sent (ie, after
we get the DASH signed etc).

Joe--I have more info coming your way pursuant to your voicemail.

Regards,  Bruce

Joe Kishkill
12/19/2000 06:35 PM
To: Robert H George/NA/Enron@Enron
cc: Bruce Harris/NA/Enron@Enron

Subject: Re: Rule 144 restrictions

so selling now (at least restricted now) leaves a nice public audit trail
that we are exiting the position?

Robert H George
12/19/2000 03:40 PM
To: Joe Kishkill/SA/Enron@Enron
cc: Bruce Harris/NA/Enron@Enron

Subject: Rule 144 restrictions

After talking with Bruce about the filing that is required under Rule 144, he
suggested that I remind you of this requirement as well.  This filing is made
with the SEC and any exchange over which the shares are traded and is
available to the public.  It must be filed concurrently with our sell order
to our broker.  Among other things, the filing identifies, the seller, the
issuer, the broker, and the number of shares to be sold.  I have gone back
and confirmed that if we wait the full two years (ie, June 24, 2001), we do
not have to make this filing.


Over the last several years, we've received numerous questions and candid
comments from many of you on a wide range of topics during our eSpeak
sessions and through the Office of the Chairman online mailbox and
voicemail.  While eSpeak is an open, informal chat between employees and
management, the Office of the Chairman online mailbox and voicemail box are
designed as confidential upward feedback tools for employees who choose
anonymity.  We are pleased that many of you have openly expressed your
thoughts and your identity, which made it possible for us to quickly respond
to your questions and concerns.  This is the kind of work environment we all
must strive for at Enron, and we encourage you to continue sending us
comments about the things that are important to you.

Many times, however, we wanted to respond to those of you who contacted us
anonymously with your good ideas, observations and questions.  We now have a
way to do this while maintaining your confidentiality.  In the future, when
we receive an anonymous question or comment from an employee, both the
question and our response will be posted on eMeet.  This will allow us to
answer all the questions that we receive, and it will give other employees an
opportunity to provide their insight, if they choose to do so, since eMeet is
an open discussion board.

Remember:  You can send your questions and comments to us in two ways:
 - email to Office of the Chairman, or
 - Office of the Chairman voicemail box at 713-853-7294, which is a
confidential call

Promoting open and honest communication is consistent with our Vision and
Values and absolutely vital to our continued success as a company.  So don't
be hesitant or afraid to speak your mind.  We want to hear from you.


Sharon/Kriste,

If there are going to be revisions to the leave policy, I suggest that we
make major ones, including a segregation of FMLA leave from other types of
leave --i.e., two separate policies.  Let's talk about this on Tuesday -----
Majorly important!!

Michelle

Sharon Butcher@ENRON
01/13/2000 05:38 PM
To: Michelle Cash/HOU/ECT@ECT, Kriste Sullivan/Corp/Enron@ENRON
cc:
Subject: Leave Policy

Dear Michelle and Kriste:   Please review and let me have your comments.
Thanks.  Sharon
---------------------- Forwarded by Sharon Butcher/Corp/Enron on 01/13/2000
05:32 PM ---------------------------

Elaine Paul
12/14/99 08:57 PM
To: Sharon Butcher/Corp/Enron@ENRON
cc: Cynthia Barrow/HR/Corp/Enron@ENRON, Susan Tosoni/HR/Corp/Enron@ENRON

Subject: Leave Policy

Here are a few edits to the Approved Time Off and Leaves of Absence policy.

Benefits has not included a "second or third opinion by another health care
provider paid for by the Company" as it has significant implications to our
LTD plan and has created at least one problem that I am aware of in the past.
We will need to think through what the certification document might look like
and would look to you for some guidelines.   The concern I have is around
privacy and use of information given potential regulation.
Cynthia believes that we should run FMLA concurrent with sick time.  I agree
and have noted that in the document.

Sharon, could you please review the wording to ensure I haven't missed
something here from a legal perspective.  I will follow-up with you by phone
shortly.

Susan, here are the "long-since promised" wording changes we propose.

Thanks,

Elaine


Here are the org charts - there are two of them - Sally, just send whichever
you prefer.  The first is the entire group and the second is just managers.

Thanks
Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 09/27/2000 04:56
PM ---------------------------

From:  Cecilia Olvera
    09/27/2000 05:00 PM

To: Sheri Thomas/HOU/ECT@ECT
cc:
Subject: Org Chart


until 4:30

 -----Original Message-----
From: 	Rangel, Ina
Sent:	Wednesday, October 17, 2001 11:52 AM
To:	Grigsby, Mike
Subject:	RE: Wed Gas Fundies Meeting

Mike:

How long do you need the meeting room for.  Currently you have EB32C2 from 3:00 to 4:00 on Wednesdays

 -----Original Message-----
From: 	Grigsby, Mike
Sent:	Wednesday, October 17, 2001 11:33 AM
To:	Holst, Keith; Smith, Matt; Reitmeyer, Jay; Rangel, Ina
Subject:	Wed Gas Fundies Meeting

Keith and I discussed working towards this meeting being organized every week.  We would like the meeting to begin at 3:00 and to have all interested parties (Canada and Portland) dialed in to AT&T.  I would like the meeting room cleared and the handouts to be emailed before the meeting begins.  Please work towards emailing everyone an itinerary each week.

You guys are making great progress with the fundies information.  Nice work.

Thanks,
Mike


[IMAGE]
        CNN.com  [IMAGE]          [IMAGE]        You have received the following link from scotth1965@hotmail.com:          [IMAGE]          [IMAGE] CNN.com - International committee releases report on Mideast violence - May 21, 2001         Click the following to access the sent link:      SAVE THIS link  FORWARD THIS link       Please note, the sender's email address has not been verified.      Get your EMAIL THIS Browser Button and use it to email information from any Web site. [IMAGE]       [IMAGE]  [IMAGE]


Don,

Please advise of your interest in Andrew's experience.

Thanks,
Johnny

 -----Original Message-----
From:  Greer, Andrew
Sent: Monday, April 30, 2001 12:04 PM
To: Palmer, Johnny
Subject: Hourly Trading Desk

Johnny:

Thank you for your prompt response to my phone call this morning.  Attached
is a resume and cover letter for your review.  If you recall from our
conversation Friday, I was visiting with Tony Vasut about positions on your
power trading desk as an hourly trader.  The power desk is something I have
been interested in learning more about for several months.  When you informed
me of the current opportunities as an hourly power trader I was extremely
interested.  I would love to meet with you or anyone from the desk at your
convenience to discuss the opportunities in detail.  Please feel free to call
at X58039, or reply to this e-mail.
Thank you again for your time.

Sincerely,
Andrew Greer


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

January 5, 2001 5:00pm through January 8, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS:
Impact:  CORP
Time:  Fri 1/5/2001 at  3:30:00 PM CT thru Fri 1/5/2001 at  6:00:00 PM CT
 Fri 1/5/2001 at  1:30:00 PM PT thru Fri 1/5/2001 at  4:00:00 PM PT
 Fri 1/5/2001 at  9:30:00 PM London thru Sat 1/6/2001 at  12:00:00 AM London
Outage:  move 2 tape libraries in EB34 Data Center
Environments Impacted:  Corp
Purpose: Create space for other project
Backout: if the new location poses problems, move them back to original
location.
Contact(s):  Michael Barber  713-853-5530

EDI SERVER:   SEE ORIGINAL REPORT

EI:   SEE ORIGINAL REPORT

ENRON NORTH AMERICAN LANS:   ALSO SEE ORIGINAL REPORT

Impact:  CORP      POSTPONED
Time:  Fri 1/5/2001 at  7:00:00 PM CT thru Sat 1/6/2001 at  4:00:00 AM CT
 Fri 1/5/2001 at  5:00:00 PM PT thru Sat 1/6/2001 at  2:00:00 AM PT
 Sat 1/6/2001 at  1:00:00 AM London thru Sat 1/6/2001 at  10:00:00 AM London
Outage:  SysAdmiral Upgrade
Environments Impacted:  Corp
Purpose: To increase production and development reliablility and stability.
Backout: We will revert back to current version if upgrade is unsuccessful.
Contact(s):  Rusty Cheves     713-345-3798  877-499-0610
  Larry Robinson  713-853-5956  713-284-3554

Impact:  ENS
Time:  Fri 1/5/2001 at  10:00:00 PM CT thru Fri 1/5/2001 at  10:30:00 PM CT
 Fri 1/5/2001 at    8:00:00 PM PT thru Fri 1/5/2001 at     8:30:00 PMPT
 Sat 1/6/2001 at  4:00:00 AM London thru Sat 1/6/2001 at  4:30:00 AM London
Outage:  Moving user segment 5thFloor off Core Router
Environments Impacted:  ENA
Purpose: Trying to remove all IPX off of Cisco 3 to free up move processing
memory
Backout:
Contact(s):  George Nguyen  713-853-0691

Impact:  CORP
Time:  Fri 1/5/2001 at  10:00:00 PM CT thru Fri 1/5/2001 at  11:00:00 PM CT
 Fri 1/5/2001 at     8:00:00 PM PT thru Fri 1/5/2001 at    9:00:00 PM PT
 Sat 1/6/2001 at  4:00:00 AM London thru Sat 1/6/2001 at  5:00:00 AM London
Outage:  Cluster Bounce
Environments Impacted:  Corp
Purpose: The drives on this cluster have been failing over on their own,
which is causing lose of connection to users H: drives and some directories
on the O: drive.
Backout: We will evauate whether the previous version of the backup agent
will work on one server, then proceed to the second server. Either way both
servers need to be bounced, in order to keep the drives from failing over on
their own.
Contact(s):  Frank Coles    (713)406-0470

Impact:  ENS
Time:  Sat 1/6/2001 at  2:00:00 PM CT thru Sat 1/6/2001 at  3:00:00 PM CT
 Sat 1/6/2001 at  12:00:00 PM PT thru Sat 1/6/2001 at  1:00:00 PM PT
 Sat 1/6/2001 at  8:00:00 PM London thru Sat 1/6/2001 at  9:00:00 PM London
Outage:  Re-enable ENA-CX4-ARD
Environments Impacted:  ENA
Purpose:   So that the NT ans UNIX development boxes can be
redundant
Backout:
Contact(s):  George Nguyen  713-853-0691

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:  SEE ORIGINAL REPORT

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: No Scheduled Outages.

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]


---------------------- Forwarded by Chris Germany/HOU/ECT on 04/05/2000 02:16
PM ---------------------------

Sandra Dial
04/05/2000 01:04 PM
To: Wendy.ngtang@sci-us.com, gmatthews@je.spacehab.com, Alicia
Jones/HOU/ECT@ECT, Sabrae Zajac/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,
Chris Germany/HOU/ECT@ECT, Joan Quick/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT,
Garvin Jobs/ET&S/Enron@ENRON, Amanda Boettcher/HOU/EES@EES, Michelle
Waldhauser/Corp/Enron@ENRON
cc:
Subject: FW: Playboy Bunny Calendar for 2000

 - PLAYBOY.PPS


Looks good to me.

Sara Shackleton
11/03/99 04:25 PM
To: Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT
cc:
Subject: December 10, 1999

I would like to take this as a vacation day.  Are there any conflicts?
Thanks.  Sara


changing the subject ..are you ?!?  :<)

Joe Stepenovitch@ECT
12/05/2000 03:38 PM
To: Teresa Mandola/Corp/Enron@ENRON@ECT
cc:

Subject: Re: Hourly

When do we meet with eol???


Please see below the latest edition of GlobalFlash! for your information.

Regards,

Tracy
---------------------- Forwarded by Tracy Ralston/EU/Enron on 04/12/2000
17:42 ---------------------------

	From:  Enron Europe General Announcement @ ECT
01/12/2000 15:53

Please respond to Jackie Gentle/LON/ECT
To: ECT Europe, ECT Asia Pacific
cc:

Subject: Newsletter: GlobalFlash!

BUSINESS HIGHLIGHTS

Coal
The London dry cargo seafreight team traded 1 million metric tonne of
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The deal
was created by combining OTC options and a physically related cash market
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy company
Graninge.  According to the agreement, Graninge will deliver electricity to
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's
Utgrunden off-shore wind park, completed this year, will generate in the
region of 38,000 megawatt hours of electricity, or enough for around 6,000
average homes between the mainland and the island of Oland on the southeast
tip of Sweden.  In an announcement this week, Graninge stated that it plans
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course of
its first year, EnronOnline has passed a number of milestones including the
addition of a range of new functionalities for customers on the site.
EnronOnline has now come of age, having surpassed the $274 billion mark in
notional value in November.  This represents a total of 478,695 transactions
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to
EnronOnline in Europe.  A team from Reuters was invited into Enron House to
receive a full demonstration of EnronOnline and as of today will be able to
quote in reports live prices from EnronOnline.  Other media outlets are being
invited to obtain guest access during the coming weeks as the word of
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role.
Elliott Katz worked on the GEM migration in Singapore last week with an IT
team from London, Oslo and Singapore.  Approximately 40 users, including
Traders, were migrated to Windows 2000 and the CORP domain.  This is an
important step for the Asia Pacific region, as it brings the three biggest
offices (Singapore, Sydney and Tokyo) into line with corporate standards for
desktop computing.

Welcome Sarah Brown as Associate in the Portfolio Management team.  Sarah's
most recent role was in Trading Operations with Sempra Energy Europe which
included gas trading and some exposure to electricity. Does her name ring a
bell?  Prior to that Sarah was with Enron in London, mainly focused on gas
transportation analysis and contract management.

Enron Australia participated in the First Annual Chase Corporate Challenge.
The team of David Bartnik, Connell Burke, Fiona Skinner, Paul Smith and
Jervyn Zhang competed with record times in the pouring rain. It was a good
event, though it should have been billed as a 'biathlon' with all of the
splashing.

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announced
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industrial
area  in northern Japan.   A feasibility study will be undertaken to define
how the project will go forward and this may include the development of an
LNG terminal in the vicinity.  The nature of the permitting process is such
that the plant would not begin operations for six to seven years.  This
project is just one of several options that E-Power are working on in Japan.

THE RESULTS ARE IN!

Watch out next week for a special edition of GlobalFlash and find out just
how well everybody in Europe, Japan and Australia rated Enron on issues such
as the work place environment, communication and respect in the PULSE
Survey.

LUNCHTIME PRESENTATIONS

Following are the forthcoming Lunchtime Presentations that will take place in
the Auditorium between 12.00 - 1.00 pm for the month of December.

Tuesday 5th December    Markus Fiala  EnronCredit.com

Thursday 7th December   Rob Bayley  UK Origination

Thursday 14th December   Pierre Aury  Freight Training

HONEYPOT "LOOSE CHANGE WEEK"

Enron will, once again, host the Honeypot Charity's "Loose Change Week"
during the week of 4th - 8th December.  Honeypot is a charity dedicated to
providing support and encouragement to severely disadvantaged young children
living in Britain, by providing holidays and respite care at the Honeypot
House in Hampshire.  Last year the "Loose Change Week" raised over o4,500
which was a significant contribution to Christmas parties held for severely
disadvantaged children.

Collection boxes will be situated in the Pit Stops and kitchens on all floors
of Enron House as well as the Gigabite.

ANNOUNCING THE ARRIVAL OF 'TELL THE TEAM!'

It is now possible for the Plasma Screens and Video Wall at Enron House to
display brief animated announcements.  Managers can target specific screens
in their area and have an announcement appear at specific times, or have a
general announcement appear on all screens around the building. The new
system has a limited capacity at present, so announcements will be displayed
on a priority basis. To collect a form please go into Brainbox on the S:
drive under the folder entitled 'Tell the Team!'.  Forward your completed
form via email to Paul Sharp or Eva Lloyd in E-Business Design.  Please
contact Fiona Grant (ext 35308) for any further information.

ENRON'S HOLIDAY FAYRE

To help you out with your gift buying this year, Enron will be holding a
Holiday Fayre in the Forum between 8.00 a.m. and 6.00 p.m. on Thursday 7th
and Friday 8th December.  There will be a number of stalls selling a wide
range of products from Christmas Hampers to perfume to clothing, plus a free
gift wrapping service will be provided, too.

Please note that cash transactions will not be permitted - you will only be
able to pay for goods with either a credit card or personal cheque
accompanied with a guarantee card.  We would like to note also that some of
the stalls will only be bringing limited stock with them on the 7th and 8th,
and therefore will arrange for your goods to be delivered to you at a later
date (obviously before Christmas!)

Hope to see you there!

AIRLINE DEALS

Iberia Airlines have the following deal available.  This is for departures
from now until 28th February 2001 but reservation and ticketing must be made
on or before 15th December.

 Madrid
 Two Business Class normally = o1,035.60
 Two Economy Class normally = o904
 Two for One Deal  = o751.60 (business class)

 Barcelona
 Two Business Class normally = o1,256
 Two Economy Class normally = o1,052
 Two for One Deal  = o717.60 (business class)

Passengers must travel together and is only valid for Iberia airlines, and
can not be changed to other flights.

British Airways from now until 31st January are offering passengers who
travel on fully flexible economy tickets complimentary upgrades to the new
World Traveller Plus cabin.

This is valid on routes to New York - JFK, San Francisco and Hong Kong and is
subject to availability.

When you travel World Traveller Plus, you will enjoy the following extra
benefits:

 - A new separate cabin
 - Completely new, wider seat, boasting seven inches of extra leg room than
World Traveller
 - In seat laptop power and an individual phone

IN-HOUSE TRAVEL SERVICE

With effect Monday 4th December the opening hours of Ayscough Travel will be
extended.  The new opening times will be  08:30-18:30 hrs to meet business
needs.

NEW STARTERS

A warm welcome this week to Paul Burland (IT Operations), Roland Kuchler
(Energy Operations), Michael Randles (Fin Ops Acc & Comp), Cecilia Turriago
(Metals Business), Anita Cullen (EBS PR), Jens Gobel (Metals Business), Anna
Aslanyan (Research & Trading Controls), Fabienne Robineau (EBS Bandwidth
Origination).

AMERIFLASH BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the OTC
market have climbed to the low $40s.  The highest reported trade for December
was reported at $38.50.   The tightness should continue through the first
half of the year  with the Martin County mine still shut down.  The rest of
the year remains strong piggy backing off of the current spot market.

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances
broke out of this trading range this week.  The low trade was around $119.50
and the last trade was around $120.50.  The sharp drop in prices was caused
in large part by the news of Dominion Virginia Power settling the New Source
Review lawsuit brought against it by the state of NY and the EPA Continuing
rumors of further NSR related settlements will likely create continued
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless
Energy microturbine products to supply superior on-site energy service to
U.S. commercial and light industrial customers, announced that Enron North
America has completed an equity investment in Solo Energy as well as entered
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron
will assist in obtaining fuel contracts to support the Company,s distributed
generation contracts, including the provision of gas and backup electricity,
and will work with the Company to support its market and gas technology
research.


MESSAGE SENT ON BEHALF OF WES COLWELL:

You have been selected to participate on the VP Commercial Support PRC
Sub-Committee to cross calibrate and rate the Commercial Support Vice
Presidents.  This PRC will be held on July 20, 2001 in EB 49C1.  You will be
responsible for representing Vice Presidents in your functional area and/or
business unit.  The attached file details specifically, the employees we are
requesting that you represent.

Two weeks prior to the meeting, you will receive the following information to
facilitate your preparation.

1. Employee Profile
2. Consolidated Feedback
3. List of Accomplishments
4. Functional vs Business Unit Ranking Differences

You should discuss the performance of these Vice Presidents with their
manager and resolve any issues based on feedback received prior to attending
this meeting.  The results of this committee will be reviewed and approved by
the VP PRC Committee on July 23, 2001.

If you have any questions or concerns, please don't hesitate to contact me at
ext. 37249.

Wes Colwell


sorry, forgot to attach this earlier.
john
John Sodergreen
Editor-in-Chief
Scudder Publishing Group, LLC
ph: 410/923-0688
fax: 410/923-0667
johns@scudderpublishing.com
The Desk, The Risk Desk, Power Executive
The Bandwidth Desk, Energy eBusiness
 - 9.14.01SpecialEdition.pdf


3-7376
home - 281-486-7026
Cell - 713-819-0765
Pager - 713-764-9333

	Enron North America Corp.

	From:  Irena D Hogan                           09/15/2000 09:17 AM

To: Kam Keiser/HOU/ECT@ECT, Souad Mahmassani/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Shawna
Johnson/Corp/Enron@ENRON, Jackson Logan/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT, Cathy Sprowls/HOU/ECT@ECT,
Natalie Baker/HOU/ECT@ECT, Jennifer Lee/NA/Enron@Enron
cc:
Subject: Info for updated contact list please

Hi Everyone,

Please send me at your earliest convenience the following info:

Extention #

Home #

Cell #

Pager #

Thanks,

Vanessa


i love you sweetie.  you know it, too.  it's that butterfly place we don't
like cuz it's right next door.


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Jan


Can we focus the PJM language as an interim fix toward the East (while maybe
the threat of PJM in the West will make the West RTOs act quickly and adopt
everything that Steve W. has been advocating).  Also, I agree with the ISO
being required to provide much greater information on where the congestion
occurs.  While the allocation of FTRs is a problem and the idiosyncratic
nature is also a problem, it is because the traders do not have access to all
the information.  They have told me that if they had access to all the
information about congestion from the past several years, they could
essentially build a model for anticipated congestion that could trade "above"
the underlying FTRs as financial instruments.

Steve Walton
06/18/2001 03:30 PM
To: James D Steffes/NA/Enron@ENRON
cc: Christi L Nicolay/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron

Subject: Re: INTERIM MODEL TALKING POINTS

Jim,

 I have added my comments to your draft.  My concern with the "Adopt PJM"
approach is that it will become a fiat accompli with regard to congestion
management. and the nature of future transmission rights.  Once adopted as
the standard, nothing else will be accepted and any move to a decentralized
approach is highly unlikely.  Unlike the British, we have a hard time
changing horses because of our multi-jurisdictional Federal system of
government.

 The PJM's lack of a secondary FTR market is more that just an allocation
problem.  If that were true, they New York would have a secondary market --
none exists there either.  The unpredictability of prices is probably the
biggest problem since no one knows how to value FTRs or TCCs.  I think the
nature of instrument is also not particularly helpful.

 During our discussion of Seabron Adamson's last draft, I maintained that a
centralized unit commitment process didn't fit the Pacific Northwest (PNW)
with its pattern of trading to achieve coordination between hydroelectric and
thermoelectric generation.  You asked me to provide more detail hydro-thermal
operation.  I am including a paper that covers the nature of PNW operations
and contracting with observations about the nature of unit commitment.  Given
other work and travel, it has taken some time to complete the paper and its
examples.  I hope this will help to explain why I am hesitant to endorse a
centralize unit commitment implementation.

Steve

	James D Steffes@ENRON
	06/18/2001 01:48 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Christi L
Nicolay/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Steve Walton/HOU/ECT
		 cc:
		 Subject: INTERIM MODEL TALKING POINTS

Here is the draft of an Interim step for Enron to give to Lay.  Please give
me your comments.  This is CONFIDENTIAL and should not be shared outside the
company.

Jim


i will recap at the draft

From:  Bryan Hull
07/19/2000 10:18 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: trades

Can you recap all of the draft pick trades? We should be alerted of all
trades just like during the regular season.


Earl,

Todd Perry has left Enron.  Lisa Gang will be your contact for ISO Scheduling/forecasting.  Her number is 503-464-5070.  Her e-mail address is lisa.gang@enron.com <mailto:lisa.gang@enron.com>.  I will let you know soon who your contact will be for ISO settlements.

I apologize for the inconvenience.

Caroline Emmert
Specialist
Enron North America (Estate)
503-464-3718

-----Original Message-----
From: Bouse, Earl [mailto:Earl.Bouse@HansonAmerica.com]
Sent: Tuesday, March 26, 2002 12:59 PM
To: Dave Parquet (E-mail); 'msmith@enron.com'; 'jblackman@enron.com'; 'aschwartz@enron.com'; Carolyn Emmert (E-mail)
Cc: Smith, Stewart; Carson, Brad; Wallmann, James; William H. Booth Esq. (E-mail); Barbara R. Barkovich Ph.D. (E-mail)
Subject: Need Enron Contact - Hanson Permanente Cement, Cupertino, CA

Greetings:

The following e-mail was just returned to me. Is Todd Perry is no longer with Enron?  Todd was our most recent contact along with Carolyn Emmert.  Who is our contract now?  Who can respond to the questions noted in my e-mail to Todd - as shown below?

         Earl Bouse

Hanson Permanente Cement

--------------------------------------------------------

Dear Todd:

Brad Carson and I contacted you by phone last week, but we were only able to access your voice mail. Our voice mail message asked you to contact us as soon as possible.  We need to have a conference or meeting to begin the true up of your invoices with the ISO charges that should be available on our November 2001 bill by this time.

In addition, the cement plant is no longer able to access anyone at Enron with our daily power forecast. This morning, we received this report from the Permanente cement plant:

 Over the last two weeks, each of the three Enron recipients of the our daily power forecast have been dropping off line.  What I mean is that the E-mails return to me as undelivered.  Chris Foster (503-464-3822) no longer works for Enron, but he was kind enough to inform me that the other two recipients, Lester Rawson and Serena Bishop, also longer work for Enron.  Foster related that as far as he knows, the program was cancelled and we are buying or selling power based solely on our historical usage with no forecasting at all.

Todd, please call me.  We must determine who the contact is going to be for the cement plant and how we are going to resolve (true up) the billing.

Sincerely,

         Earl Bouse

Hanson Permanente Cement

Hanson Aggregates Mid-Pacific
925.426.4084  Direct Dial                      925.426.4060  Fax
Earl.Bouse@HansonAmerica.com     earlbouse@aol.com


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IntercontinentalExchange
Firm Power Price Bulletin

For Power Delivered on Tuesday, December 04, 2001
(Trade Date of Monday, December 03, 2001)

Click here to access index history <http://www.intcx.com/SubscriberServlet/subscriberservlet.class?operation=powerIndexForm&hub=All>.

* volume represents sell-side only *

Hub	 High	 Low	 Wtd Avg Index	 Change ($)	 Vol (Mwh)
Cinergy	$22.00	$17.50	$18.33	+ .58	48,000
Comed	$20.00	$18.00	$18.94	+ 1.09	7,200
Entergy	$19.00	$16.95	$17.31	+ 1.11	18,400
*Nepool	$29.00	$26.75	$28.52
Palo Verde	$28.00	$27.00	$27.50	- 2.38	1,200
PJM-West	$24.50	$23.00	$23.42	- 1.15	15,200
SP-15	$29.00	$28.50	$28.75	- 2.11	800
TVA	$22.00	$18.00	$19.45	+ 1.59	8,000

*There was no trading for this location on ICE. The high, low and weighted average are the result of a phone survey.

Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.

IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.

In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.   Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.

This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.

You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.

To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com <mailto:sales@intcx.com>.

To unsubscribe from this service, click here unsubscribe <http://www.intcx.com/subscribe.html>.

?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


The purpose of this survey is to gather information regarding Enron,s current
employee and community services programs.  Your feedback is extremely
important. This survey may take at least 5 minutes.

Experiencing technical problems?  If this link does not automatically launch
the questionnaire:
1.  Launch by copying the link below into your browser, or
2.  If you continue to have technical difficulties, please send an email
message to human resources@enron.com. (Please leave the space between human
and resources).
3.  Please do not forward this link to anyone else, as it is unique for each
respondent.

http://etcsurvey.corp.enron.com/wi/p0537666/i.asp?r=380&s=QSQAOLMQ&l=9


Vince

Yes please go ahead.

David

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: 24 April 2001 23:35
To: djw@kwi.com
Subject: RE: KWI User Group

David,

I can ask our CEO John Sherriff.
Please, let me know by 10:00 a.m. Central Time, Wednesday.

Vince

David Warwick <djw@kwi.com> on 04/24/2001 05:24:53 PM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: KWI User Group

Vince

Sorry to hear you cannot make it ... you would obviously have been the big
catch !!

In terms of a London based replacement, who did you have in mind and what
sort of subject could they cover ?

David

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: 24 April 2001 23:22
To: djw@kwi.com
Cc: Vince.J.Kaminski@enron.com; Shirley.Crenshaw@enron.com
Subject: RE: KWI User Group

David,

I regret to inform you I am unable to attend the conference due to previous
commitments.
Would you consider a speakers form our London office?

Vince

David Warwick <djw@kwi.com> on 04/24/2001 09:47:31 AM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: KWI User Group

Vince

Any further thoughts on this ?

David

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: 13 April 2001 21:44
To: djw@kwi.com
Cc: Vince.J.Kaminski@enron.com; vkaminski@aol.com
Subject: Re: KWI User Group

David,

Thanks for the invitation.
I shall check my schedule on Monday and will get back to you
regarding the conference.

I hope you will a very Happy Easter.

Vince

David Warwick <djw@kwi.com> on 04/12/2001 04:04:32 PM

To:   "'vince.j.kaminski@enron.com'" <vince.j.kaminski@enron.com>
cc:
Subject:  KWI User Group

Dear Vince

Please may I reintroduce myself. We met last year at the Sydney EPRM
conference which my company KWI sponsored. I chaired the session at which
you spoke.

As you may remember, my company, KWI are one of the world's leading
provider
of systems (kW3000) and consultancy for energy, trading and risk
management.
We have over 60 clients worldwide including many of the world's leading
energy companies (not Enron unfortunately):

North America
- TVA
- Ontario Power
- Cinergy
- Bonneville Power

Europe
- Enel
- ATEL
- Electrabel
- EDF

Nordic
- Vattenfall
- Fortum
- Sydkraft
- Statkraft
- Birka Energi
- Norsk Hydro

Each year we stage a "KWI Users Forum" - a 2-day event attended by leading
trading and risk staff from our clients. Last year there were about 100
delegates. The agenda primarily focusses on issues surrounding risk
management for the energy sector.

The agenda comprises keynote presentations on burning risk issues from
industry leading energy speakers and practical workshops focussed around
using our software.

This years event is at a luxury hotel in the wonderful Spanish city of
Barcelona and runs from the evening of Sunday September 9th to Tuesday
September 11th. The main conference dinner is on the Monday evening and is
always a memorable event. This year it is in a leading Barcelona restaurant
preceded by a bus tour of the city with a stop for pre-dinner drinks.

I would like to invite you to make the opening keynote address, the
highlight of the conference.

The subject could be:

*    a general energy risk related topic
*    a general insight into the secret of Enron's continued success in
the energy markets
*    your thoughts on the future development on energy markets (and other
commodity related - bandwidth etc.) worldwide

Obviously, we would cover all your delagate costs including accomodation,
food and drink.

What's in it for you ? Many of our users are some the energy sectors
leading
risk thinkers and I'm sure you would enjoy meeting them and exchanging
views.

Please let me know if you are able to accept the invitation.

Best regards

David Warwick - Marketing Dierctor and Co-founder