Signed Deemed ISDAs with Mexican C/P's

----- Forwarded by Tana Jones/HOU/ECT on 09/14/2000 08:26 AM -----

Susan Bailey
09/14/2000 08:09 AM

To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Signed Deemed ISDAs with Mexican C/P's

Tana,

I know you prepared the Grupo Calidra Deemed ISDA, so thought you should see
Joe's message.

I am not familar with the particulars of the deal, but in the event they
and/or Enron were to furnish a parent guaranty, then you may need to find if
Joe received their Guaranty.

Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail: Susan.Bailey@enron.com
----- Forwarded by Susan Bailey/HOU/ECT on 09/14/2000 08:07 AM -----

Larry Joe Hunter
09/13/2000 06:07 PM

To: Susan Bailey/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Samantha
Boyd/NA/Enron@Enron
cc:
Subject: Signed Deemed ISDAs with Mexican C/P's

In case you weren't aware, Brent Hendry just sent down an Executed copy of
Grupo Calidra, S.A. de C.V. (Deal #NV3215.1,.2,.3,.4). No Annexes were
attached to the fax.

Thanks,
Joe Hunter

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 09/13/2000
06:04 PM ---------------------------
From: Susan Bailey on 09/12/2000 11:06 AM
To: Larry Joe Hunter/HOU/ECT@ECT
cc:
Subject: Deemed ISDAs with Mexican Counterparties

Joe,

Thank you for providing Stephanie with the list of confirmations which went
out as Deemed ISDAs for the various Mexican counterparties during the August
rush.

At this time, could you let me know which of my Mexican counterparties have
returned signed confirms. My group includes:

Deal Number(s) Mexican Counterparty
NW6273.1 & 2 DeAcero S.A, de C.V.
NW6351.1 & 2 Aceros Nacionales, S.A. de C.V.
NW6371.1 & 2 Alambres y Derivados DeAcero S.A. de C.V.
NW9742.1 & 2 Industrias Derivadas del Etileno, S.A. de C.V.
NW9742.3 & 4 Sintesas Organicas, S.A. de C. V.
NW9742.5 & 6 Poliestireno y Derivados, S.V. de C.V.

Thanks for the help, I look forward to your response.

Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail: Susan.Bailey@enron.com