Product Type Approval (US Residual Fuel Oil Swap)

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail)

Trader: Sarah Mulholland

US ResidOil Swap Platts No. 6 1% Apr01 USD/bl/m

A US Residual Fuel Oil financial Swap Transaction with Enron North America
Corp. under which the Seller pays a Floating Price and the Buyer pays the
price submitted by Counterparty on the Website (the Fixed Price) in each case
in respect of the Notional Quantity per Determination Period. Each calendar
month during the term of the Transaction will be a Determination Period. The
Notional Quantity per Determination Period shall be the volume submitted by
Counterparty on the Website. The Payment Date(s) will be 5 business days
after the Floating Price is determinable. The Floating Price shall be the
Index for the relevant Determination Period.
The term of the Transaction shall be from the Effective Date of 01 Apr 2001
to the Termination Date of 30 Apr 2001.
The Index used shall be the arithmetic average of the mean of the daily
quotations for No. 6, 1%S Max appearing under the heading "New York/Boston
Cargo" in the section entitled "Product Price Assessments" for those issues
of Platt's Oilgram Price Reports published for the applicable Determination
Period.
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per
month and the quantity shown shall be in Barrels per month.

STEPS FOR APPROVAL:

click the START button
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE: Right mouse click on "Approved"