
Date: Wed, 5 Jan 2000 01:08:00 -0800 (PST)
From: elizabeth.sager@enron.com
To: christian.yoder@enron.com
Subject: Re: Duke Option

Hi

Give me a call about Duke's changes.  I also disagree w (ii) and really think
even (i) is wrong since an Option can either be in the money or out of the
money and in either case the full value should be taken and netted against
other Gains and Losses.

Happy New Year
e
