MAC Clause Addition

From: tana.jones@enron.com

To: brent.hendry@enron.com, marie.heard@enron.com, sara.shackleton@enron.com,mark.taylor@enron.com, shari.stack@enron.com, susan.flynn@enron.com, carol.clair@enron.com, susan.bailey@enron.com

Subject: MAC Clause Addition

Cc:

Bcc:

Date: Fri, 17 Sep 1999 04:23:00 -0700 (PDT)

I have added Shari's MAC clause (when there is no collateral annex and MAC is
an additional event of default) as an alternative in the MAC clauses for the
ISDA Master Agreement contained in ISDAexh.doc.