Re: First Union National Bank ("FUNB")

Hey, DUDE! Have you forgotten to read your Lotus Notes today? Looks like
this one filtered through lots of people (since you left, multiple people
fill your shoes). And where did you hear it was nice over in Houston? It's
raining with a high of 54 F. But it is supposed to reach mid-70's over the
weekend.

I'll ask Susan B. to send you a copy. Stay tuned for the mad cow email.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

Rod Nelson
03/28/2001 10:27 AM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: First Union National Bank ("FUNB")

Hi Sara. Who set the credit terms for this one? Let me guess ... me. I
actually would like a copy for our files over here.

It's raining. Again. I hear Houston is nice.

From: Sara Shackleton on 03/28/2001 10:08 CST
To: Rod Nelson/LON/ECT@ECT, Denis O'Connell/LON/ECT@ECT
cc: Susan Bailey/HOU/ECT@ECT

Subject: First Union National Bank ("FUNB")

With respect to Enron Credit Ltd., please note that ENA has and executed
master with FUNB. Let Susan Bailey know if you need a copy of the agreement.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/28/2001 10:06 AM -----

Susan Bailey
03/28/2001 09:49 AM

To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Diane
Anderson/NA/Enron@Enron, Melissa Ann Murphy/HOU/ECT@ECT, Scott
Tackett/Corp/Enron@Enron, Celeste Cisneros/NA/Enron@Enron, Sharen
Cason/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Tiffany
Williams/NA/Enron@Enron, Dianne Seib/CAL/ECT@ECT, Bianca
Ornelas/NA/Enron@Enron, Kimberly Allen/ENRON@enronxgate, Julie
Brewer/NA/Enron@Enron, Jean Bell/HOU/ECT@ECT, Jason Fischer/NA/Enron@Enron,
Jorge A Garcia/NA/Enron@Enron, Kimberly Hundl/Corp/Enron@Enron, Stephanie
Piwetz/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Melinda
Whalen/CAL/ECT@ECT, William S Bradford/Enron@EnronXGate, Debbie R
Brackett/HOU/ECT@ECT, Tanya Rohauer/Enron@EnronXGate, Brant
Reves/Enron@EnronXGate, Russell Diamond/Enron@EnronXGate, Lesli
Campbell/Enron@EnronXGate, Wendi LeBrocq/Enron@EnronXGate, Edward
Sacks/Enron@EnronXGate, Veronica Espinoza/Enron@EnronXGate, Veronica
Gonzalez/Enron@EnronXGate, Paul Radous/Enron@EnronXGate, Jason R
Williams/Enron@EnronXGate, Wendy Conwell/NA/Enron@Enron, Darren
Vanek/Enron@EnronXGate, Rudwell Johnson/Enron@EnronXGate, Ken
Curry/Enron@EnronXGate, Aparna Rajaram/Enron@EnronXGate, Tom
Moran/Enron@EnronXGate, Nidia Mendoza/Enron@EnronXGate, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Brent
Hendry/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron,
Cheryl Nelson/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angela Davis/NA/Enron@Enron, Anne
C Koehler/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT, Diane
Ellstrom/Enron@EnronXGate, Lynn E Shivers/LON/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne
Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT,
Karen Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie
Southard/LON/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT,
Linda S Bryan/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON, Cheryl
Johnson/Corp/Enron@Enron, Stephanie Sever/HOU/ECT@ECT
cc:
Subject: First Union National Bank

We have received an executed Master Agreement:

Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date: March 7, 2001

Enron Entity: Enron North America Corp.

Counterparty: First Union National Bank

Transactions Covered: Approved for all products

Confirming Entity: Enron North America Corp.

Governing Law: New York

SPECIAL NOTE: Counterparty has 10 Local Business Days to dispute or accept
the terms of a Confirmation.

Copies will be distributed.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail: Susan.Bailey@enron.com