Louis Dreyfus Energy Services L.P.

We have received an executed financial master agreement:

Type of Agreement: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date: November 9, 2000

Enron Entity: Enron North America Corp.

Counterparty: Louis Dreyfus Energy Services L.P.

Transactions Covered: Approved for all products with the exception of: Foreign Exchange

Confirming Party: Enron North America Corp.

Governing Law: New York

Special Handling: no special handling requirements

Copies will be distributed.

Stephanie Panus