Re: Baret Alize-Euro Fund

One change:

Couterparty's name is:

Barep Alize-Euro Fund

To: Susan Bailey/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron
cc: Diane Anderson/NA/Enron@Enron

Subject: Baret Alize-Euro Fund

Please prepare a deemed ISDA for this transaction. No credit language wil be
required as ENA sold an option with the premium paid upfront. Please let me
know if you have any questions.

Thanks,
Tanya