Re: New Profile additions

Tana-

I see that ENA is a contemplated counterparty for Japanese weather
derivatives. There are both legal and tax issues that require
consideration.

I am unsure if Susan Musch has had the opportunity to review the tax issues,
therefore I have copied her on this note.

With regard to Japanese legal issues, there are certain matters that must be
dealt with in the GTCs, if entering into transactions between ENA and
Japanese counterparties are being considered, including issues of an
underlying legitimate business purpose to avoid gambling restrictions etc.

Please inform me with whom I should be in contact to ensure that these issues
are appropriately handled.

Thanks,

John

Tana Jones@ECT
09/08/2000 10:52 AM

To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Shari Stack/HOU/ECT@ECT
cc:
Subject: New Profile additions

Please note new products. Let me know if you have any issues or concerns
with any of these.
----- Forwarded by Tana Jones/HOU/ECT on 09/08/2000 10:52 AM -----

Stephanie Sever
09/08/2000 10:40 AM

To: Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
cc:
Subject: New Profile additions

Please see the attached spreadsheet with new additions in blue. A couple of
Enron entity names changes (Enron Australia Finance Pty limited to Enron
Japan Corp.) Also note that Sea Freight Fin Swap BCI 4 and Sea Freight Fin
Swap BCI 7 have been renamed from previous UK prefix. Please let me know if
you have any questions. Please begin using the attached spreadsheet on
Monday, Sept. 11.

Thanks,
Stephanie