Multi-Product Counterparty Guaranty

Mary:
Enclosed is the Counterparty form that we have come up with for Multi-Product
Guarantys. Depending upon the products that need to be covered, each
Guaranty will need to be modified to make sure that it describes the proper
entities and products. I will send along the Enron form of this shortly but
please pass this along to the appropriate people in the credit group.

Jeff, Stacy and Harry,
Are you going to change the Physical product form of Guaranty to look more
like this? Power has changed their form and it may help for us to all be
consistent especially when we are asked to amend an existing Guaranty to
include more products. If you do decide to amend your form, please send the
new form to credit.

Thanks for everyone's input.

Carol