PLEASE READ

To: Department: ENA Legal=20

From: Mark Taylor Date: May 11, 2001
Vice President and General Counsel

Subject: Enron North America Corp. NYMEX Hedge Exemption Applications
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We are in the process of preparing applications for position limit exemptio=
ns=20
for ENA=01,s NYMEX energy commodities futures trading. These applications=
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require that ENA represent whether its officers, employees, owners, or agen=
ts=20
have a power of attorney, control or have a financial interest in any relat=
ed=20
commodity future(s) account either individually or acting with another pers=
on=20
pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany=
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email or call her at (713) 853-3399 by the end of business on June 15, 2001=
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if you have any power of attorney, control or have a financial interest in=
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any commodity futures account (other than an ENA or other trading affiliate=
=20
account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND =
TO=20
THIS REQUEST.