Global Custody and Clearance Agreement

---------------------- Forwarded by Nancy K Callahan/CHASE on 05/25/2001
11:50 AM ---------------------------

(Embedded Nancy K Callahan
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Legal (212)552-7951 Fax Number: (212)383-0246

To: sara.schackleton@enron.com
cc:
Subject: Global Custody and Clearance Agreement

Please see attached last revision of this Agreement. Please confirm that
this reflects the changes we agreed upon and if so I will e-mail you a
final execution version. Thanks.
(See attached file: Enron.doc)

- pic15802.pcx
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- Enron.doc