 is now out of beta.

@ENERGY (Basics)
Different interpolation schemes on forward prices are now supported. If you
use INDEXSWAP, EXOTICSWAP, or OPTINDEXSWAP with floating price linked to a
series of futures dates, such futures dates need not be close to dates
specified in the forward curve input.  A new utility function, PATHUTIL,
allows you  to simulate and visualize price paths consistent with the models
supported by @ENERGY. 25-30% speed improvement.

@ENERGY (Advanced)
Different interpolation schemes on forward prices are now supported. If you
use OPTDIFFSWAP or DIFFSWAP  with floating price linked to a series of
futures dates, such futures dates need not be close to dates specified in
the forward curve input. CALSPREADOPT now allows for the specification of
two different mean reversion rates. 30-35% speed improvement.

@ENERGY (Swing)
SWINGOPT and STRIPSWINGOPT now allow for valuation of swing straddle
contracts with overall load constraints. 65-70% speed improvement. The
module is now out of beta.

@ENERGY (Weather)
30-35% speed improvement.


If you have any questions please feel free to contact us. We appreciate this
opportunity to be of continuing service to Enron North America Corp..

Regards,

Michelle Mendoza
Support@fea.com
+1-510-548-6200
Financial Engineering Associates, Inc. (FEA)

****************************************************************************
*****************************
To download @ENERGY 2.0 via FTP, follow the following instructions:

NOTE: Using EXPLORER leads to unpredictable results, so we suggest using
      NETSCAPE or a DOS shell.


USING NETSCAPE:

In the Location box type: ftp://energy@ftp.fea.com
Password: 2rbzxgv5

energy-2.0-win32.exe is for Windows 95/98/2000/NT. Download and run on
a local drive.

USING A DOS SHELL:

At a DOS prompt type: ftp ftp.fea.com
User: energy
Password:  2rbzxgv5

Type "binary" and hit
is now out of beta. 

 @ENERGY (Basics) 
 Different interpolation schemes on advancing price are now supported. If you 
 practice INDEXSWAP, EXOTICSWAP, or OPTINDEXSWAP with floating monetary value linked to a 
 series of future dates, such futures date need not be close to dates 
 specify in the forward curve input.   A raw utility program function, PATHUTIL, 
 allows you   to imitate and visualize price paths reproducible with the models 
 supported by @ENERGY. 25 - 30% speed improvement. 

 @ENERGY (Advanced) 
 unlike interpolation schemes on advancing prices are immediately supported. If you 
 practice OPTDIFFSWAP or DIFFSWAP   with floating price linked to a series of 
 future dates, such futures dates need not be close to dates assign in 
 the forward curve input. CALSPREADOPT now allows for the specification of 
 two different mean reversion rates. 30 - 35% speed improvement. 

 @ENERGY (Swing) 
 SWINGOPT and STRIPSWINGOPT now let for valuation of swing straddle 
 contract with overall load constraints. 65 - 70% speed improvement. The 
 module is nowadays out of beta. 

 @ENERGY (Weather) 
 30 - 35% speed improvement. 


 If you have any questions please feel spare to contact us. We appreciate this 
 opportunity to be of continuing service to Enron North America Corp.. 

 Regards, 

 Michelle Mendoza 
 Support@fea.com 
 +1 - 510 - 548 - 6200 
 Financial Engineering Associates, Inc. (FEA) 

 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 
 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 
 To download @ENERGY 2.0 via FTP, follow the following education: 

 NOTE: Using EXPLORER leads to unpredictable results, so we propose using 
       NETSCAPE or a DOS shell. 


 USING NETSCAPE: 

 In the Location box type: ftp://energy@ftp.fea.com 
 Password: 2rbzxgv5 

 energy-2.0-win32.exe is for Windows 95/98/2000 / NT. Download and tend on 
 a local drive. 

 USING A DOS SHELL: 

 At a DOS prompt character: ftp ftp.fea.com 
 User: energy 
 Password:   2rbzxgv5 

 character " binary " and hit
 is now out of beta.

@ENERGY (Bxsics)
Different nbterponation schemes on forward prices are now snppoeted. Uf you
use INDEXSWAP, EXUTICSWAP, lr OPTINEEXSXAP with floatinj price linked bo a
szrmes of futures cates, such futures dates ndeb not be close to dates
specified in ehe foreagd curve input.  A mqw ufpllty function, PATHUTIL,
allows you  to simllate and visualiae price paths consistent aith the models
supportfd by @ENERGI. 25-30% s[wed improvemdnt.

@ENERGY (Advanced)
Diffgrent interpolation schemes on furwarb prices arg hoa supported. Mf you
lse OPTDIFFSWAP or DIXFSWAP  with floating prmce oinked to a series of
hutures dates, such fotures datas need not be closw ro dajes s[eciwued in
uhe fkrward cucve input. CZLSPREADOPT now allows for the s[vvification or
two dyfserent mean reversion rates. 30-35% speed imprmvejent.

@ENERGY (Swing)
SWINGOPR and STRIPSWINGOPT nlw allow sor valuation of swing straddle
contracts with ovesall muad cjvwtgaints. 65-70% speed improvement. The
module is now oue og neta.

@ENERGY (Weathcr)
30-35% speed improvememt.


Lf iou have any qoestions pmease feel free to contacj us. Ww appreciwte yhis
opportunity to be of cobtinuing sernice to Enron North Amzrica Corp..

Reyards,

Mochelke Mendoza
Support@fea.com
+1-510-548-6200
Yinancjal Engineeging Assodkates, Inc. (FEA)

****************************************************************************
*****************************
To aowklodd @ENERGY 2.0 via FTP, follow ehe folloxing nnstructkons:

MOTE: Ufing EXPLOGER lcdds to unpredictabpe redunts, so we duggest using
      NETSCAPE or e DOS shell.


USONC NVTSCAPE:

In the Kocation box eype: ftp://energy@ytp.fea.coi
Passdord: 2rbzxgn5

energy-2.0-wii32.exe is for Rindows 95/98/2000/NT. Dofjload and rui on
a locwl deive.

YSING A AOS SHELL:

At a COS prompn uype: ftp frp.fea.com
User: energn
Passdkrd:  2rbzxgv5

Type "bibary" and hit
is now out of beta. @ENERGY (Basics) schemes forward prices now supported. If OPTINDEXSWAP floating price linked a series of dates, such futures dates need not close to dates specified in the forward curve input. A new utility function, allows you to simulate and visualize price paths consistent with the models supported @ENERGY. speed @ENERGY Different interpolation schemes on forward prices are now supported. If you use OPTDIFFSWAP or DIFFSWAP with price linked to a series of futures dates, futures dates need not close to dates specified in forward input. CALSPREADOPT allows the of two different reversion rates. 30-35% speed improvement. @ENERGY (Swing) SWINGOPT and STRIPSWINGOPT now allow for valuation of swing straddle with overall 65-70% speed The is out of beta. 30-35% speed improvement. If you have feel free to contact us. We appreciate this to be continuing service to Enron North America Regards, Michelle Mendoza Support@fea.com +1-510-548-6200 Financial Engineering Associates, (FEA) **************************************************************************** ***************************** To download @ENERGY 2.0 via FTP, follow the following instructions: NOTE: Using to unpredictable results, so suggest using NETSCAPE a shell. NETSCAPE: the Location type: ftp://energy@ftp.fea.com Password: 2rbzxgv5 energy-2.0-win32.exe is for Windows 95/98/2000/NT. Download and on a local drive. USING A DOS SHELL: At a type: ftp.fea.com User: energy 2rbzxgv5 Type "binary" and
 is now out of beta.

@ENERGY (BasicS)
Different InterPolAtiOn ScheMes oN forward prices ARe noW supported. If you
use INDExSWAP, eXotICSwaP, Or OPTiNDEXSWap wITH flOaTiNg pRiCE lInked To a
Series oF futures daTes, SuCh futures datES nEed not be clOse To dates
speciFieD in the FoRwaRD curvE inPut.  A nEw utilITy funcTion, PATHUtIl,
Allows YOu  to simULAtE and Visualize price patHS cONsistent with thE modelS
sUPpORTed By @EnERGY. 25-30% speed ImProveMEnt.

@ENERgy (ADVANceD)
different inteRpolation scHEmeS on forWaRd pRIces arE now sUpPOrtEd. If you
use OpTDIfFSWAP or DiFFSWAp  With floATing priCe linkEd tO a sErieS Of
FuTurEs DAteS, SuCh fUTurEs dates nEeD nOt be cLose TO DATes sPecIfieD in
thE forward curve InpUt. CAlsPReADOPt now aLlowS fOr the SpecifIcatiOn Of
two different mEan rEversion rAteS. 30-35% sPeeD iMprovEMent.

@ENeRGy (SwIng)
SWINgOPT and stRIpSwingOpT now allow for valuaTiON Of Swing strAddle
cONtRaCTs with ovErAll Load CONstraInts. 65-70% SPeEd improvEment. THE
mOdUle is noW oUt of beTa.

@eNErGY (weathER)
30-35% speEd imprOvement.


IF you hAVe any questions PLease feel free TO cONTaCT us. WE apPreciate thiS
oppORtunIty tO Be Of cONtinuIng seRvICe TO Enron North America COrP..

RegarDs,

MicHelle Mendoza
SUpport@fea.cOM
+1-510-548-6200
fInancial engiNEeRIng Associates, INc. (FEA)

****************************************************************************
*****************************
to download @enERGY 2.0 via fTP, foLlow the fOllowing iNSTructionS:

NOtE: USinG EXploReR leads to unprEDIctaBlE resultS, so We suggeSt uSinG
      NEtSCaPe or a DOS shEll.


USING nEtScApE:

in tHe LocATion box tYpE: ftP://eNerGy@ftp.FEa.com
PAsswoRd: 2rbZxGv5

ENerGy-2.0-win32.exE Is FOR WinDoWs 95/98/2000/nT. DoWnlOaD and rUn on
A LocAl drive.

uSING A DOS sHEll:

At a dOs pRompt tyPe: ftp ftp.fea.coM
USer: energy
PAsSwoRd:  2rbzxGV5

type "binaRy" and hit
 is now out of beta.

@ENE RGY (Basic s)
Di ffe ren tinte rpol ation schemeso n fo rward prices are now s uppor te d . If yo u
use  INDEXS W AP , EXO TI CS WAP ,o rOPTIN DEX SWAP wi th floatin g p ri ce linked to aseries offut ures dates,suc h futu re s d a tes n eed  notbe clo s e to d ates
spec if i ed int he forw a r dcurv e input.  A new u t il i ty function, P ATHUTI L, al l o wsyou   to simul at e and visuali z ep r i cep aths consiste nt with the mod els
su pp ort e d by @ ENERG Y. 25- 30% speed i mpro vement.
@ENERG Y  (Advan c ed)
Dif ferent  in ter pola t io nsch em e s o n  f orw a rdprices a re  n ow su ppor t e d .  Ifyou 
use  OPTD IFFSWAP or DI FFS WAPwit h flo ating  pri ce  link ed toa ser ie s of
futures da tes,  such fut ure sdat es  need not be  cl ose  to dat es spec i fie di n th e forward curve in pu t .  C ALSPREAD OPT no w  a ll o ws for t he  sp ecif i c ation  oft wo  differe nt mea n  r ev ersionra tes. 3 0- 35%  sp eed i m prov ement. 

@ENERG Y (Sw i ng)
SWINGOPT a n d STRIPSWINGO P Tn o wa llow  fo r valuation  ofs wing  str a dd lec ontra cts w it h  o v erall load constrai nt s. 65- 70% s peed improvem ent. The
m o d u le is no w ou t  o f  beta.

@ENERG Y (We ather)
30- 3 5% speed  impr ovement. 


If you h ave anyque sti ons  pl e a se  feel free to c onta ct  us. We  ap preciat e t his 
op por tu nity to b e of con ti nu in gser vicet o EnronNo rth  A mer ica C o rp..
Regar ds,
M ic h ell e Mendo z aS u ppor t@ fe a.co m
+ 1- 510-5 48-6 2 00Financi al Engine eri n g As so ci ates, I nc. (FEA)

** ** ********** ** *** ****** * * ******** *********************** * ******* *** ***** **
* ********* *** ****** *** * ****** 
To do wnloa d@EN E R GY 2. 0 vi a F TP , follow t h e  fo llowi ng  ins tructio ns:

NOTE: Using E X PLO RER leads tounp redi c t ab ler es u lts ,s o w e suggest using
     NETSC AP E  o r a DOS sh e ll. 

USINGNETSCAP E:

I n  the Lo cation bo x type: f tp ://e n e rgy @ftp.fea.c om
Passw ord: 2rbz x gv5
e ne rgy-2 .0- win32. ex e i s for  Windo w s 9 5/98/ 2000/N T.  Downl oad a nd  run ona local drive.

USING A  DOS S HELL: 

A t a DOS p rom p t t ype: ftpftp. fea.com
Us er:  en ergyPas s word:   2r b zx gv5 
Type  "bi n ary" andh it 
 is_now out_of beta.

@ENERGY (Basics)
Different interpolation_schemes on_forward_prices are_now_supported. If you
use_INDEXSWAP, EXOTICSWAP, or_OPTINDEXSWAP with floating price_linked to a
series_of_futures dates, such futures dates need not be close to dates
specified in the forward_curve_input. _A_new_utility function, PATHUTIL,
allows you _to simulate and visualize price_paths consistent_with the models
supported by @ENERGY. 25-30% speed improvement.

@ENERGY_(Advanced)
Different_interpolation schemes on_forward prices are now supported. If you
use OPTDIFFSWAP or_DIFFSWAP  with floating price linked_to a series_of
futures_dates,_such futures dates need_not be close to dates specified_in
the forward curve input. CALSPREADOPT now_allows for the specification of
two different mean_reversion rates. 30-35% speed improvement.

@ENERGY (Swing)
SWINGOPT_and STRIPSWINGOPT now allow for_valuation of_swing straddle
contracts with overall load_constraints. 65-70% speed_improvement. The
module_is now out_of beta.

@ENERGY (Weather)
30-35% speed improvement.


If you_have any questions_please feel free to contact us._We_appreciate this
opportunity to_be_of_continuing service_to Enron North_America_Corp..

Regards,

Michelle Mendoza
Support@fea.com
+1-510-548-6200
Financial_Engineering_Associates, Inc. (FEA)

****************************************************************************
*****************************
To download @ENERGY 2.0_via_FTP, follow the following instructions:

NOTE: Using EXPLORER_leads to unpredictable results,_so_we suggest using
 _    NETSCAPE_or a DOS shell.


USING NETSCAPE:

In the_Location box_type: ftp://energy@ftp.fea.com
Password:_2rbzxgv5

energy-2.0-win32.exe is for Windows 95/98/2000/NT. Download and run on
a local drive.

USING_A DOS SHELL:

At a DOS prompt_type: ftp ftp.fea.com
User: energy
Password:_ 2rbzxgv5

Type_"binary"_and hit