ENE- Forward Termsheet and Forward Confirmation Template

---------------------- Forwarded by Jeff Nogid/HOU/ECT on 08/18/2000 11:27 AM
---------------------------

"Lyons, Maureen (CICG - Equity Linked Capital Markets)"
<malyons@exchange.ml.com< on 08/09/2000 04:17:50 PM
To: "'jeff.nogid@enron.com'" <jeff.nogid@enron.com<
cc:
Subject: ENE- Forward Termsheet and Forward Confirmation Template

Hi Jeff,

Per our conversation this afternoon, I have attached the draft forward
purchase termsheet and forward transaction confirmation template for your
review. Please give us a call to discuss terminating the Total Return Swap
as of Friday, 08/04/2000, and entering into a forward purchase contract at
your earliest convenience.

If you have any questions or need additional information, please let us
know. We are looking forward to speaking with you soon!

<<ENE-Forward-Draft termsheet.doc<<
<<Forward-Confirmation-Template-8-9.doc<<

Thank you,
Maureen Lyons
Merrill Lynch
Equity Linked Capital Markets
212-449-6763 (T)
212-738-1069 (F)

Maureen Lyons
Merrill Lynch
Equity Linked Capital Markets
212-449-6763 (T)
212-738-1069 (F)

- ENE-Forward-Draft termsheet.doc
- Forward-Confirmation-Template-8-9.doc