Undeliverable: Energy Partners, Ltd.

--------- Inline attachment follows ---------

From: </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSPANUS<
To: Adams, Laurel </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DLadams<, Allen, =
Kimberly </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DGwaddr/cn=3DPSC.PS1.Kimbe=
rly Allen<, Anderson, Diane </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DDander=
s2<, Bell, Jean </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJbell<, Bowen, Bob=
</O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DBbowen<, Brewer, Julie <Julie.Bre=
wer@ENRON.com<, Cason, Sharen </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DScas=
on<, Cisneros, Celeste </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCcisnero<, =
Fischer, Jason </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJfische2<, Garcia, =
Jorge A. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJgarci11<, Heaney, Gordo=
n </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DGheaney<, Hundl, Kimberly </O=3D=
ENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DKhundl<, Hunter, Larry Joe </O=3DENRON/O=
U=3DNA/CN=3DRECIPIENTS/CN=3DJhunte2<, Murphy, Melissa Ann </O=3DENRON/OU=3D=
NA/CN=3DRECIPIENTS/CN=3DMmurphy<, Ornelas, Bianca </O=3DENRON/OU=3DNA/CN=3D=
RECIPIENTS/CN=3DBornelas<, Piwetz, Stephanie </O=3DENRON/OU=3DNA/CN=3DRECIP=
IENTS/CN=3DSpiwetz<, Rodriguez, Melissa </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS=
/CN=3DMrodrig3<, Seib, Dianne </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DDsei=
b<, Tackett, Scott </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DStackett<, Ther=
iot, Kim S. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DKtherio<, Brackett, De=
bbie R. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DDbracke<, Bradford, Willia=
m S. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DWbradfo<, Brown, Angela Y. </=
O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DAbrown8<, Conwell, Wendy </O=3DENRON=
/OU=3DNA/CN=3DRECIPIENTS/CN=3DWconwell<, Curry, Ken </O=3DENRON/OU=3DNA/CN=
=3DRECIPIENTS/CN=3DKcurry<, Espinoza, Veronica </O=3DENRON/OU=3DNA/CN=3DREC=
IPIENTS/CN=3DVespino<, Gonzalez, Veronica </O=3DENRON/OU=3DNA/CN=3DRECIPIEN=
TS/CN=3DVgonza2<, Johnson, Rudwell </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=
=3DRjohnso2<, Landry, Shemeika S. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3D=
Slandry<, Lebrocq, Wendi </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DWlebrocq<=
, Mendoza, Nidia </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DNmartin<, Monterr=
ey, Maribel </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMmonterr<, Moran, Tom =
</O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DTmoran<, Ngo, Tracy </O=3DENRON/OU=
=3DNA/CN=3DRECIPIENTS/CN=3DTngo<, North, Carol </O=3DENRON/OU=3DNA/CN=3DREC=
IPIENTS/CN=3DCnorth<, Otto, Randy </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3D=
Rotto<, Radous, Paul </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DPradous<, Raj=
aram, Aparna </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DArajaram<, Rohauer, T=
anya </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DTrohaue<, Sacks, Edward </O=
=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DEsacks<, Sonnonstine, Max </O=3DENRON=
/OU=3DNA/CN=3DRECIPIENTS/CN=3DMsonnons<, Vanek, Darren </O=3DENRON/OU=3DNA/=
CN=3DRECIPIENTS/CN=3DDvanek<, Williams, Jason R (Credit) </O=3DENRON/OU=3DN=
A/CN=3DRECIPIENTS/CN=3DJwilli10<, Campos, Anthony </O=3DENRON/OU=3DNA/CN=3D=
RECIPIENTS/CN=3DAcampos<, Crawford, Sharon </O=3DENRON/OU=3DNA/CN=3DRECIPIE=
NTS/CN=3DScrawfo3<, Ebow, Amber </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DAe=
bow<, Ellstrom, Diane </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DDellstr<, Ge=
rard, Camille </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCgerard<, Hare, Bill=
D. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DBhare<, Johnson, Cheryl </O=3D=
ENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCjohnso5<, Lambert, Karen </O=3DENRON/OU=
=3DNA/CN=3DRECIPIENTS/CN=3DKlamber<, Landau, Georgi </O=3DENRON/OU=3DNA/CN=
=3DRECIPIENTS/CN=3DGlandau<, Lees, Lisa </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS=
/CN=3DLlees<, Moore, Jason </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DJmoore1=
<, Neuner, Dale </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DDneuner<, Reeves, =
Leslie </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DLreeves<, Richardson, Stace=
y </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSrichar2<, Rodriguez, Bernice </=
O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DBrodrig<, Schott, Samuel </O=3DENRON=
/OU=3DNA/CN=3DRECIPIENTS/CN=3DSschott<, Sever, Stephanie </O=3DENRON/OU=3DN=
A/CN=3DRECIPIENTS/CN=3DSsever<, Shivers, Lynn </O=3DENRON/OU=3DNA/CN=3DRECI=
PIENTS/CN=3DLSHIVER<, Sietzema, Linda </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/C=
N=3DLsietze<, Southard, Carrie </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCSO=
UTHA<, Bailey, Susan </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSbaile2<, Boy=
d, Samantha </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DSboyd2<, Cook, Mary </=
O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DMcook<, Gray, Barbara N. </O=3DENRON=
/OU=3DNA/CN=3DRECIPIENTS/CN=3DBgray<, Heard, Marie </O=3DENRON/OU=3DNA/CN=
=3DRECIPIENTS/CN=3DMheard<, Hendry, Brent </O=3DENRON/OU=3DNA/CN=3DRECIPIEN=
TS/CN=3DBhendry<, Jones, Tana </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DTjon=
es<, Keiser, Holly </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DHkeiser<, Koehl=
er, Anne C. </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DAkoehle<, Leite, Franc=
isco Pinto </O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DFleite<, Nelson, Cheryl=
</O=3DENRON/OU=3DNA/CN=3DRECIPIENTS/CN=3DCnelson4<, Sayre, Frank </O=3DENR=
ON/OU=3DNA/CN=3DRECIPIENTS/CN=3DFsayre<, Shackleton, Sara </O=3DENRON/OU=3D=
NA/CN=3DRECIPIENTS/CN=3DSshackl<, Taylor, Mark E (Legal) </O=3DENRON/OU=3DN=
A/CN=3DRECIPIENTS/CN=3DMtaylo1<
Date: Monday, October 22, 2001 6:17:48 GMT
Subject:=20

We have received an executed financial master agreement:

Type of Agreement:=09=09ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:=09=09=09October 15, 2001

Enron Entity:=09=09=09Enron North America Corp.

Counterparty:=09=09=09Energy Partners, Ltd.

Transactions Covered:=09=09Approved for all products with the exception of:=
Foreign Exchange

Confirming Entity:=09=09Enron North America Corp.

Governing Law:=09=09=09Texas

Special Handling:=09=09No special handling requirements

Copies will be distributed.

Stephanie Panus
Enron Wholesale Services
ph: 713.345.3249
fax: 713.646.3490