Undeliverable: Morgan Stanley Capital Group Inc.

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From: </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMHEARD<
To: Allen, Kimberly </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DGwaddr/cn=3DPS=
C.PS1.Kimberly Allen<, Anderson, Diane </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/=
CN=3DDanders2<, Bailey, Susan </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSbai=
le2<, Bell, Jean </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJbell<, Bowen, Bo=
b </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DBbowen<, Boyd, Samantha </O=3DEN=
RON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSboyd2<, Brackett, Debbie R. </O=3DENRON/O=
U=3DNA/CN=3DRECIPIENTS/CN=3DDbracke<, Bradford, William S. </O=3DENRON/OU=
=3DNA/CN=3DRECIPIENTS/CN=3DWbradfo<, Brown, Angela Y. </O=3DENRON/OU=3DNA/C=
N=3DRECIPIENTS/CN=3DAbrown8<, Campos, Anthony </O=3DENRON/OU=3DNA/CN=3DRECI=
PIENTS/CN=3DAcampos<, Cason, Sharen </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=
=3DScason<, Cisneros, Celeste </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCcis=
nero<, Conwell, Wendy </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DWconwell<, C=
ook, Mary </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMcook<, Crawford, Sharon=
</O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DScrawfo3<, Curry, Ken </O=3DENRON=
/OU=3DNA/CN=3DRECIPIENTS/CN=3DKcurry<, Ebow, Amber </O=3DENRON/OU=3DNA/CN=
=3DRECIPIENTS/CN=3DAebow<, Ellstrom, Diane </O=3DENRON/OU=3DNA/CN=3DRECIPIE=
NTS/CN=3DDellstr<, Espinoza, Veronica </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/C=
N=3DVespino<, Fischer, Jason </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJfisc=
he2<, Garcia, Jorge A. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJgarci11<,=
Gerard, Camille </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCgerard<, Gonzale=
z, Veronica </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DVgonza2<, Gray, Barbar=
a N. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DBgray<, Hare, Bill D. </O=3DE=
NRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DBhare<, Heaney, Gordon </O=3DENRON/OU=3DN=
A/CN=3DRECIPIENTS/CN=3DGheaney<, Hendry, Brent </O=3DENRON/OU=3DNA/CN=3DREC=
IPIENTS/CN=3DBhendry<, Hundl, Kimberly </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/=
CN=3DKhundl<, Johnson, Cheryl </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCjoh=
nso5<, Johnson, Rudwell </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DRjohnso2<,=
Jones, Tana </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DTjones<, Koehler, Ann=
e C. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DAkoehle<, Lambert, Karen </O=
=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DKlamber<, Landau, Georgi </O=3DENRON/=
OU=3DNA/CN=3DRECIPIENTS/CN=3DGlandau<, Landry, Shemeika S. </O=3DENRON/OU=
=3DNA/CN=3DRECIPIENTS/CN=3DSlandry<, Lebrocq, Wendi </O=3DENRON/OU=3DNA/CN=
=3DRECIPIENTS/CN=3DWlebrocq<, Lees, Lisa </O=3DENRON/OU=3DNA/CN=3DRECIPIENT=
S/CN=3DLlees<, Leite, Francisco Pinto </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/C=
N=3DFleite<, Mendoza, Nidia </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DNmarti=
n<, Monterrey, Maribel </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMmonterr<, =
Moore, Jason </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJmoore1<, Moran, Tom =
</O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DTmoran<, Mulvany, Patrick </O=3DEN=
RON/OU=3DNA/CN=3DRECIPIENTS/CN=3DPmulvany<, Murphy, Melissa Ann </O=3DENRON=
/OU=3DNA/CN=3DRECIPIENTS/CN=3DMmurphy<, Nelson, Cheryl </O=3DENRON/OU=3DNA/=
CN=3DRECIPIENTS/CN=3DCnelson4<, Neuner, Dale </O=3DENRON/OU=3DNA/CN=3DRECIP=
IENTS/CN=3DDneuner<, Ngo, Tracy </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DTn=
go<, Ornelas, Bianca </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DBornelas<, Ot=
to, Randy </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DRotto<, Panus, Stephanie=
</O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSpanus<, Piwetz, Stephanie </O=3D=
ENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSpiwetz<, Radous, Paul </O=3DENRON/OU=3D=
NA/CN=3DRECIPIENTS/CN=3DPradous<, Rajaram, Aparna </O=3DENRON/OU=3DNA/CN=3D=
RECIPIENTS/CN=3DArajaram<, Reeves, Leslie </O=3DENRON/OU=3DNA/CN=3DRECIPIEN=
TS/CN=3DLreeves<, Richardson, Stacey </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=
=3DSrichar2<, Rodriguez, Bernice </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DB=
rodrig<, Rodriguez, Melissa </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMrodri=
g3<, Rohauer, Tanya </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DTrohaue<, Sack=
s, Edward </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DEsacks<, Sayre, Frank </=
O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DFsayre<, Schott, Samuel </O=3DENRON/=
OU=3DNA/CN=3DRECIPIENTS/CN=3DSschott<, Seib, Dianne </O=3DENRON/OU=3DNA/CN=
=3DRECIPIENTS/CN=3DDseib<, Sever, Stephanie </O=3DENRON/OU=3DNA/CN=3DRECIPI=
ENTS/CN=3DSsever<, Shackleton, Sara </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=
=3DSshackl<, Shivers, Lynn </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DLSHIVER=
<, Sietzema, Linda </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DLsietze<, Sonno=
nstine, Max </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMsonnons<, Southard, C=
arrie </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCSOUTHA<, Taylor, Mark E (Le=
gal) </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMtaylo1<, Theriot, Kim S. </O=
=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DKtherio<, Vanek, Darren </O=3DENRON/O=
U=3DNA/CN=3DRECIPIENTS/CN=3DDvanek<, Williams, Jason R (Credit) </O=3DENRON=
/OU=3DNA/CN=3DRECIPIENTS/CN=3DJwilli10<
Date: Wednesday, November 21, 2001 3:05:31 GMT
Subject:=20

We have received an executed Fourth Amendment to Master Energy Price Swap A=
greement dated as of October 26, 2001 between Enron North America Corp. and=
Morgan Stanley Capital Group Inc., which amends the definition of "Exposur=
e Threshold". =20

Copies will be distributed.