Cash Collateral Language

----- Forwarded by Sara Shackleton/HOU/ECT on 09/21/2000 12:27 PM -----

"Ross, Tracy " <TRACY.ROSS@ROYALBANK.COM<
09/21/2000 11:30 AM

To: "'warren.nishimura@blakes.com'" <warren.nishimura@blakes.com<,
"'sara.shackleton@enron.com'" <sara.shackleton@enron.com<
cc: "McArthur, Ian " <IAN.MCARTHUR@ROYALBANK.COM<,
"'rick.borden@macleoddixon.com'" <rick.borden@macleoddixon.com<
Subject: Cash Collateral Language

As discussed.

<<cash collateral.doc<<

Tracy Ross, Counsel, Royal Bank of Canada
Phone: 416-974-5503; Fax: 416-974-2217
File -

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- cash collateral.doc