Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2001 09:21 AM -----

Paul Radous/ENRON@enronXgate
05/22/2001 07:42 AM

To: Carol St Clair/HOU/ECT@ECT
cc:
Subject: RE: AIG

Just wanted to confirm that I am okay with raising the cross default to $2.5MM


-----Original Message-----
From: St Clair, Carol
Sent: Monday, May 21, 2001 6:00 PM
To: Abramo, Caroline
Cc: Sayre, Frank; Radous, Paul; Shackleton, Sara
Subject: Re: AIG

We need the Bermuda law legal opinion. What is the hold up?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com




Caroline Abramo@ENRON 05/21/01 03:33 PM To: Carol St Clair/HOU/ECT@ECT
cc: Paul Radous/Corp/Enron Subject: AIG


Carol= Paul is OK with raising the cross default amount... can we get out
draft ISDAs to them???? AIG Commodity Arbitrage Ltd. and AIG Commodity Fund
L.P.

Thanks,
Caroline
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 05/21/2001
04:29 PM ---------------------------
Carol St Clair @ ECT 05/10/2001 09:00 AM

To: Caroline Abramo/Corp/Enron@Enron
cc: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Paul
Radous/Enron@EnronXGate

Subject: AIG

Caroline:
I have received and reviewed their comments. On the legal front, they are
objecting to the Bermuda law opinion. We cannot do this without an opinion.
If we need to recommend Bermuda counsel to them we can. On the credit side,
for AIG Commodity Arbitrage Fund LP they want to increase the cross default
threshold from $1,500,000 to $2,500,000. Paul, are you okay with this? I am
okay with their other comments.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com