Mr. Perry:

Pursuantto your request, attached is a GISB draft for your review.
Please do not hesitate to give me a call with any questions and or comments
regarding this matter.

Regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax 713-646-3490