Re: Chile Approval

Chile has been approved to use the North American forms of the Electronic
Trading Agreement and the Password Application for companies located in
Chile. Please note the Enron entity must not have a permanent establishment
or branch located in Chile and the counterparty should appoint a process
agent in the US.

This approval does not address due diligence issues as it relates to specific
products or counterparties.

Please let me know if you have any questions or comments.
Brent Hendry
Ext. 37124