Enron Credit Custody Account

Mary,
Based upon our recent discussions with you regarding the set up of a Global
Custody account, you may want to have the same discussions with Enron Credit
who are pursuing a Global Custody Account with BONY. Richard Sage is the
Contoller for the Business unit and Anna is the Settlements person who is
working to get the account established.

Richard and Anna,
Sara, Laurel and I have been having discussions regarding our requested
Global Custody account with Mary. Mary has some specific concerns which she
may want to make sure are addressed with your set up of the account as well.

Thanks. Sheila