Mary Cook requested certain updates be made to ENA's Guaranty documents. Attached are REDLINED versions of the Guaranty documents.

1. Enron Corp. Guaranty & Counterparty Guaranty

2. Enron Corp. Guaranty (multiproduct)

3. Counterparty Guaranty (multiproduct)

Clean versions of these Guaranty documents are a available for use and can be accessed as follows:

O:\Legal\ATTY.FMS\SWAP FORMS\Current

Regards,
Susan S. Bailey
Senior Legal Specialist
Enron Wholesale Services
Legal Department
1400 Smith Street, Suite 3803A
Houston, Texas 77002
phone: (713) 853-4737
fax: (713) 646-3490
email: susan.bailey@ enron.com