Securities Loan Agreement

Anna:

I just received your voice mail. The package (including the Enron Corp.
guaranty) has already gone out via Federal Express to your attention. You
should receive it tomorrow.

Also, Enron North America Corp. would like to assign the agreement to Enron
Credit Inc. (a Delaware corporation). Would you like for me to prepare the
assignment or shall I? Please advise. 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