Chase Manhattan Bank/Euro Payments

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---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
12/01/98 01:30 PM ---------------------------

Enron Capital & Trade Resources Corp.

From: Tana Jones 12/01/98 12:36 PM

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Subject: Chase Manhattan Bank/Euro Payments

We have received notification from Chase dated 10/21/98 with respect to FX
and FX Option transactions out of its London branch. Chase Manhattan Bank,
London will maintain its Euro account with Chase Manhattan Bank A.G.,
Frankfurt. Effective 1/1/99, all existing payments in the European curency
unit shall be payable in euro to such account. Please see the 10/21/98
letter for the relevant currencies and account information. A copy of this
letter will be distributed to the usual suspects.