The Worthington Steel Company

Well, I do believe this makes 499!
----- Forwarded by Tana Jones/HOU/ECT on 01/26/2001 04:47 PM -----

Susan Bailey
01/26/2001 04:43 PM

To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT,
Gordon Heaney/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Derek
Bailey/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Kevin
Meredith/Corp/Enron@ENRON, Melissa Ann Murphy/HOU/ECT@ECT, Scott
Tackett/Corp/Enron@Enron, Celeste Cisneros/NA/Enron@Enron, Sharen
Cason/HOU/ECT@ECT, Laura Dewett/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT,
Tiffany Williams/NA/Enron@Enron, Dianne Seib/CAL/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, John Suttle/HOU/ECT@ECT, Russell
Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT,
Wendi LeBrocq/Corp/Enron@Enron, Edward Sacks/Corp/Enron@Enron, James L
Copeland/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Veronica
Gonzalez/HOU/ECT@ECT, Jane Wilhite/NA/Enron@Enron, Paul
Radous/Corp/Enron@ENRON, Jason R Williams/NA/Enron@ENRON, Wendy
Conwell/NA/Enron@ENRON, Darren Vanek/NA/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Brent
Hendry/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron,
Stephanie Panus/NA/Enron@Enron, Cheryl Nelson/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marilyn Colbert/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/LON/ECT@ECT, Bill D Hare/HOU/ECT@ect,
Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie Southard/LON/ECT@ECT,
Mary G Gosnell/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Melissa Ann Murphy/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON,
Cheryl Johnson/Corp/Enron@Enron
cc:
Subject: The Worthington Steel Company

We have received an executed Master Agreement:

Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date: January 16, 2001

Enron Entity: Enron North America Corp.

Counterparty: The Worthington Steel Company

Transactions Covered: Approved for all products with the exception of:
Foreign Exchange

Confirming Entity: Enron North America Corp.

Governing Law: New York

Special Note: Counterparty has three (3) Local Business Days to accept or
dispute a Confirmation.

Copies will be distributed.

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