Enron Credit Inc.

Sara, as you assumed this matter, see attachments.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/
----- Forwarded by Cheryl Nelson/NA/Enron on 06/06/2001 09:14 AM -----

Anthony Capolongo <A.Capolongo@morganstanley.com<
06/06/2001 07:43 AM
Please respond to A.Capolongo

To: cheryl.nelson@enron.com
cc: Ketan Parekh <Ketan.Parekh@morganstanley.com<, Joseph Marovich
<Joseph.Marovich@morganstanley.com<, tom.doukas@enron.com
Subject: Enron Credit Inc.

Cheryl:

As requested, attached are the Master Securities Loan Agreement and Cash
Letter needed to set up Enron Credit Inc. on the enhanced product.
Please forward two sets of originals to my attention and I will forward
a fully exected original copy to Enron.

Regards,

Anthony

- EnronCredit.doc
- Arranged Cash Agreement Letter.DOC