SWAP FORMS

fyi
----- Forwarded by Elizabeth Sager/HOU/ECT on 02/28/2001 04:28 PM -----

Susan Bailey
02/28/2001 01:50 PM

To: Elizabeth Sager/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Clement
Abrams/Enron@EnronXGate
cc: Carol St Clair/HOU/ECT@ECT
Subject: SWAP FORMS

All,

Carol asked that I provide you all with a "redlined" and "clean" version of
the: (a) updated Enron Corp. Guaranty form, and (b) updated Counterparty
Guaranty form.

The attached updated form of Guaranty will be used by Enron Corp. and a
Counterparty in connection with financial trading arrangements.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail: Susan.Bailey@enron.com