Marcelo:

We are ready to execute. You did not date your signature. Do you want us to
use any particular date for your execution? Thanks.

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



"Cosma, Marcelo (Toronto-BCE)" <Marcelo_Cosma@ml.com<
05/22/2001 07:28 AM

To: "'Sara Shackleton'" <Sara.Shackleton@enron.com<
cc:
Subject: Repo Agreement


Sara:

Thank you for yoir fax of May 21st. I apologize for the oversights you
noted. Your suggestion of making the changes on your end is fine.

Regards,

Marcelo A. Cosma
Office of General Counsel--Canada
Tel.: 1-416-369-7478
Fax: 1-416-369-4551
E-mail: marcelo_cosma@ca.ml.com

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