RE: Amendment Document

David,

We continue to wait for word from you on the availability of additional
financial information to review Glencore International AG. We are looking
for similair information to that which was provided S&P. Without such
information, a limited global credit line will be allocated per your
direction.

Sara, I believe we should holdoff preparing executable documents until we
hear back from David. That way, we can include in a single amendment those
changes I referenced in my credit worksheet.

thanks
brant

-----Original Message-----
From: Sayre, Frank
Sent: Thursday, March 01, 2001 3:27 PM
To: David.Porter@glencore-us.com
Cc: Sara Shackleton@ECT; Reves, Brant
Subject: Amendment Document

David - Per our telephone conversation of earlier today, please find the
document amending the ISDA Master Agreement dated July 11, 1994 between
Glencore Ltd. and Enron Capital &Trade Resources Corp. Please give me a call
if you have any questions (713-345-7894). Frank

<< File: glencore amendment.doc <<