Adoption Agreement applicable to ISDA Masters

I have reviewed the attached draft with Anne, Travis and Marcus. For purposes of maintaining consistency between the 3 disciplines, I would appreciate your using the attached for any further ISDA Adoption Agreements you may have. Anne's suggested Item 7 to Scheule B should cut down your due diligence workload appreciably regaring the various places that Affiliate is used in the Master.

The main change from the draft Anne sent out yesterday evening is that it "reinserts" the Schedule C with Credit information.

Please call with any question.

Steve

Steve Van Hooser
Enron North America Corp.
713-853-7238
713-646-3490 (fax)