EnronCredit approvals

Per Rod's comments, are we comfortable with the following three names as
off-line reference entities?

---------------------- Forwarded by John Metzler/LON/ECT on 03/05/2000 18:44
---------------------------

From: Rod Nelson 02/05/2000 23:52

To: Tomas Valnek/LON/ECT@ECT, John Metzler/LON/ECT@ECT
cc:

Subject: approvals

trading cp approval reference credit approval

Ultramar Corp. approved $5MM approved $5MM

Petro-Canada approved $5MM approved $5MM

Louis Dreyfus Corp. approved $5MM approved $5MM

I assume that you will also seek approval from Legal. I am still evaluating
Preem.

Rod