Sara,
Thank you for your fax.
Section 180.3 of the CEA prohibits us from agreeing to any settlement
procedure/forum ahead of time. JPMFI, in accordance with 180.3, will offer 3
forums - which will include AAA. If Enron chooses AAA, the arbitration will
be
subject to the provisions specified in your fax dd 2/26/2001.

Attached is JPM's proposed language for the arbitration agreement.

(See attached file: ARBITRATION AGREEMENT.doc)

If you are in agreement with the language, please forward Enron's proposed
language (detailed in your 2/26 fax) electronically (if available).

Thank you and Regards,
Corinne






Sara.Shackleton@enron.com on 02/26/2001 12:36:22 PM

To: samon_corinne@jpmorgan.com
cc:
Subject: futures agreement




Corinne:

I just sent you a fax re: arbitration.

I have not heard from your salesperson re: interest schedule for debit
rate (Sec. 2) and credit rate (Sec. 6). 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




- ARBITRATION AGREEMENT.doc