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ENRON
CORP

11/30/95

Ken,

Further to paying off the Enron loan -

Carol St Clair advises that even though Enron is
not a lending institution, the issue here is that you
are technically bound by the Reg U law when it
comes to paying it off w/borrowed funds from
lending institutions.

Sally Keepers

LAY-G18 0180

LBF001-00934

GOVERNMENT
EXHIBIT
  117
  Crim. No. H-04-25 (S-2)