Template

Harry / Sara

Duke Energy has given us their guaranty language for review. We are asking
them to cover a subsidiary that trades physical and financial NGL products.
I have asked them to use our language to which they refused. I was told by
other people in the credit group that Duke only issues guarantees in their
language. The credit manager did indicate that he would certainly be open to
any suggestions we would have to their language. Can you both look at the
attached guaranty and let me know if it is acceptable for their issuance or
if you have comments.

I would really appreciate your help as we have begun selling to them.

Thanks, Cathy Tudon
x3-0699

---------------------- Forwarded by Mary Tudon/HOU/ECT on 09/14/2000 02:46 PM
---------------------------

"Andrew J Walls" <ajwalls@duke-energy.com< on 08/24/2000 02:46:03 PM
To: mary.tudon@enron.com
cc:
Subject: Template

(See attached file: DEFSLimitedForm.doc)

- DEFSLimitedForm.doc