Enron Mail

From:ed.quinn@enron.com
To:sara.shackleton@enron.com
Subject:Procter & Gamble
Cc:
Bcc:
Date:Mon, 16 Oct 2000 04:39:00 -0700 (PDT)

Sara,

P&G (largest buyer of pulp and linerboard in orth America) has received Board
approval to financially hedge pulp using OTCs instruments. They want to put
an ISDA in place with Enron. I will be the contact for the business group.

P&G's lawyer, Libby Rutherford, has requested that we start where we left
off. I told their business representatives that we preferred starting from
scratch but that you would contact her directly to discuss. Her number is
513-983-2513 and e-mail is rutherford.em@pg.com.

Susan Bailey compared the 1999 negotiated document to our latest schedule for
our review - see below. Please give me a call to discuss when you get a
chance ext 30418. Thanks.

Ed Quinn

Ed,

Attached is blacklined version comparing ENA's latest version (dated
8/9/2000), which was sent to Roger Larsh @ P&G and the version dated
5/25/99. The biggest difference between the two versions is that the
8/9/2000 version includes (a) ENA's newest changes, and (b) the inclusion of
a credit support annex.

Hope this helps.