Oregon Steel Mills, Inc.

Just wanted to let you know that we received the credit worksheet for the
above referenced Counterparty and I will be drafting the ISDA.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX 77002
Phone: (713) 853-9188
Fax: (713) 646-3490
email: samantha.boyd@enron.com

----- Forwarded by Samantha Boyd/NA/Enron on 12/11/2000 11:30 AM -----

Tracy Ngo@ECT
12/11/2000 11:05 AM

To: Shari Stack/HOU/ECT@ECT
cc: Dave Fuller/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT, Edward
Sacks/Corp/Enron@Enron, William S Bradford/HOU/ECT@ECT, Wendy
Conwell/NA/Enron@ENRON, Susan Bailey/HOU/ECT@ECT, Stephanie
Panus/NA/Enron@Enron, Samantha Boyd/NA/Enron@Enron, Chris H
Foster/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Veronica Gonzalez/HOU/ECT@ECT
Subject: Oregon Steel Mills, Inc.

Attached please find a credit worksheet for a draft ISDA Master Swap
Agreement between ENA and Oregon Steel Mills, Inc. Please call w/any
questions or comments.

Regards,
Tracy
503-464-8755