Overseas Securities Lender Agreement

Hello Team,

Sara is going to work on this agreement.

We noticed that the specified Enron entity was "ECT Optimization." That entity is not familiar to us. Is that right or did we mean ECT Investments Inc.? Please let Sara know.

Thanx again, Sara.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/