Profiles needed for US Weather BP BDD Swap

Tana/Kelly/Karen:

The product long description below will fall under the new product type US
Weather BP BDD Swap. Credit (Tom Moran) has approved copying the profiles
for the new product type from the following:

US Weather CDD Swap

Please respond no later than 11 a.m. on Wednesday, April 18.

Thank you.

----- Forwarded by Lisa Lees/HOU/ECT on 04/17/01 10:31 PM -----

Kevin Meredith@ENRON
04/09/01 03:59 PM

To: Mark Taylor/HOU/ECT@ECT, Tom Moran/Enron@EnronXGate, Jeff
Blumenthal/Enron@EnronXGate, Susan Musch/Enron@EnronXGate, Bjorn
Hagelmann/Enron@EnronXGate, Matthew F Gockerman/Enron@EnronXGate, Larry Joe
Hunter/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron,
Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Torrey
Moorer/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT,
Melba Lozano/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Sandeep
Ramachandran/ENRON@enronXgate, Carl Carter/NA/Enron@Enron
Subject: Approval needed for US Weather Swap

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail). If you have any questions please call me at ext.
39555.
********* DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********

US Wthr BP BDD Swap Bond Portfolio [Nov00/Oct01] USD/BDD

A US Weather Bond Portfolio Basket Degree Day Financial Swap Transaction with
Enron North America Corp., under which the Seller is obliged to pay the
Payment Amount to the Buyer where the Floating Amount is above the Strike
Amount, or where the Buyer is obliged to pay the Payment Amount to the Seller
where the Floating Amount is below the Strike Amount. The Floating Amount is
the sum of the Underlying Payment Amounts for the Underlying Transactions.
The Strike Amount shall be the amount submitted in the "price" field by
Counterparty via the Website. The Notional Amount is the quantity submitted
by Counterparty via the Website. The Payment Amount is the product of (i) the
Notional Amount and (ii) the absolute value of the difference between the
Floating Amount and the Strike Amount.
The Calculation Period is from and including the Effective Date of November
1, 2000 to and including the Termination Date of October 31, 2001.
The Calculation Period shall commence at 12:01am on the Effective Date and
conclude at 12:00am on the Termination Date at the relevant Reference Weather
Station or Fallback Station for the Underlying Transactions. The Basket of
Reference Weather Stations for the Underlying Transactions and the terms and
conditions for such Underlying Transactions as well as the respective
Fallback Stations are set forth in the GTC.
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
BDD shall mean Basket Degree Day.
The Reference Basis shall be in Degrees Fahrenheit as specified for each
relevant Reverence Weather Station.

The Maximum Payout Limit is ____ USD, multiplied by the quantity submitted by
the Counterparty via the Website.

==============================================================================

STEPS FOR APPROVAL:

click the START button
select PROGRAMS
select TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Partially Approved"
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up

TO APPROVE: Right mouse click on "Approved"