Re: Prime Broker Accounts

Hi Tom, at your request the execution of these agreements have been on
hold. Most of the leg work has been done. I completed the negotiations on
the agreement so moving forward is a matter of getting a document ready for
signatures and getting it signed, having lawyers on both side proof read it
and getting the agreement and accompanying documents (which are complete)
executed. This process, which is mainly administrative, could take two or
three days if I focused on as a priority to make sure it gets done.

Let me know how you want to proceed.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

Tom Doukas/ENRON@enronXgate
04/26/2001 05:16 PM

To: Sara Shackleton/HOU/ECT@ECT, Cheryl Nelson/NA/Enron@Enron
cc: Sheila Glover/HOU/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT, Richard
Sage/LON/ECT@ECT
Subject: Prime Broker Accounts

Sara & Cheryl,

Could you please provide a status on where we stand on the transfer of the
Credit book from ENA/ECT to ECI at Goldman and Morgan.

I had previously asked you to hold up on Morgan until the Bear issue was
resolved. I am hoping we do not have to much effort ahead of us to move
these two accounts over.

Thanks,

Tom