Re: Pending brokerage agreements

Sara will update the attached file to reflect our intention that the four
online bond trading agreements (Buy Side Direct, Trading Edge / Bond Link,
Market Axess and LIMITrader) be executed for ENA / ECT Investments, not
initially for EnronCredit.

In light of your email outlining plans to move the Credit and Convertible
books from ECT Investments to ENA, Sara and I discussed executing agreements
for both ENA and ECT Investments.

Sara is beginning her review of Trading Edge agreements. She has already
provided her comments to attorneys for the other three trading platforms.

Thanks.

Mike
x39990

From: Sara Shackleton@ECT on 08/29/2000 01:29 PM
To: Sheila Glover/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Donna
Lowry/HOU/ECT@ECT, Mike Fowler/Corp/Enron@ENRON, Samantha Boyd/NA/Enron@Enron
cc: Denis O'Connell/LON/ECT@ECT

Subject: Pending brokerage agreements