Hartmann AG

From: tanya.rohauer@enron.com

To: tracey.irvin@enron.com

Subject: Hartmann AG

Cc: bob.crane@enron.com, bryan.burnett@enron.com, william.bradford@enron.com,rick.buy@enron.com, paul.radous@enron.com, tracy.beardmore@enron.com, chris.sloan@enron.com

Bcc: bob.crane@enron.com, bryan.burnett@enron.com, william.bradford@enron.com,rick.buy@enron.com, paul.radous@enron.com, tracy.beardmore@enron.com, chris.sloan@enron.com

Date: Wed, 13 Dec 2000 08:15:00 -0800 (PST)

Tracy,

Please note the following addition to the EIM credit reserve:

Counterparty: Paul Hartmann AG
Deal No: QD5697.1
Deal Date: December 1, 2000
Originator: Tom Bruce-Jones
Amount: $85,000

The reserve covers a five year pulp swap wherein ENA pays $582 and receives
FOEX.

Please call if you have any questions.

Thanks,
Tanya