David,

We continue to wait for word from you on the availability of additional
financial information to review Glencore International AG. We are looking
for similair information to that which was provided S&P. Without such
information, a limited global credit line will be allocated per your
direction.

Sara, I believe we should holdoff preparing executable documents until we
hear back from David. That way, we can include in a single amendment those
changes I referenced in my credit worksheet.

thanks
brant



-----Original Message-----
From: Sayre, Frank
Sent: Thursday, March 01, 2001 3:27 PM
To: David.Porter@glencore-us.com
Cc: Sara Shackleton@ECT; Reves, Brant
Subject: Amendment Document

David - Per our telephone conversation of earlier today, please find the
document amending the ISDA Master Agreement dated July 11, 1994 between
Glencore Ltd. and Enron Capital &Trade Resources Corp. Please give me a call
if you have any questions (713-345-7894). Frank

<< File: glencore amendment.doc <<