Guaranty Form Revision Proposal

From: mary.cook@enron.com

To: n..gray@enron.com, mark.greenberg@enron.com, brent.hendry@enron.com,c..koehler@enron.com, pinto.leite@enron.com, cheryl.nelson@enron.com, frank.sayre@enron.com, sara.shackleton@enron.com, legal <.taylor@enron.com<, susan.bailey@enron.com, samantha.b

Subject: Guaranty Form Revision Proposal

Cc:

Bcc:

Date: Fri, 7 Sep 2001 14:16:15 -0700 (PDT)

See attached guaranty forms with proposed revisions to expressly make the guaranties continuing and to provide that the caps are not affected by collateral held or applied by Counterparty/Enron. Please advise of any comments or thoughts.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com