New Futures Execution and Clearing Agreements

From: sheila.glover@enron.com

To: cassandra.schultz@enron.com, cheryl.nelson@enron.com, david.port@enron.com

Subject: New Futures Execution and Clearing Agreements

Cc: sara.shackleton@enron.com, mary.nordstrom@enron.com,theresa.brogan@enron.com, gary.hickerson@enron.com, gary.hickerson@enron.com, william.bradford@enron.com, greg.whiting@enron.com, kim.theriot@enron.com

Bcc: sara.shackleton@enron.com, mary.nordstrom@enron.com,theresa.brogan@enron.com, gary.hickerson@enron.com, gary.hickerson@enron.com, william.bradford@enron.com, greg.whiting@enron.com, kim.theriot@enron.com

Date: Tue, 24 Apr 2001 08:02:00 -0700 (PDT)

Cassandra, Cheryl and David,

Gary has requested that we establish new futures execution and clearing
agreements with Solomon Smith Barney/Citigroup and Morgan Stanley. I will
forward the agreements when we receive them to Cheryl Nelson in Legal for
review.

Prudential is exiting the business and the prior people at Pru have moved to
SSB.

Please do not hesitate to call, 3-3210, if you have any questions.
Sheila