Enron Mail

From:sara.shackleton@enron.com
To:steven.kessler@db.com
Subject:Enron North America Corp. ("ENA")/Deutsche Bank ("DB") ISDA Master
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Date:Thu, 30 Nov 2000 07:38:00 -0800 (PST)

Cc: william.bradford@enron.com, tana.jones@enron.com
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Steve:

I just spoke with Bill Bradford and I understand that Bill and Mark
Tarkington discussed the use of "Specified Entity" and agreed, subject to DB
committee approval, to eliminate the use of Specified Entity in the ENA and
affiliated masters with DB (i.e., "Specified Entity: none"). Once you have
confirmed this with Mark, please prepare a final blacklined draft for our
review and then execution copies of the ISDA Master Agreement. In
connection with the final draft, Tana Jones will fax to you minor format
comments. [She will also fax to you the electronic trading agreements and
password applications for London and U.S. based trading.]

The following ENA affiliates will also need to execute ISDA Master Agreements
with DB:

(1) ECT Investments, Inc. (Delaware corporation)

(2) Enron Capital & Trade Resources International Corp. (Delaware
corporation)

(3) EnronCredit.com Limited (U.K. corporation)