Enron Investment Services Limited

The current status of the issues for EISL are:

1. The "new" EISL has now been set up under under ECT Investments Inc.

Details as follows:

Date of incorporation : 21 August 2000
Company Number : 4056188
Directors : Mark Evans ) 10 November 2000
Michael Brown ) 10 November 2000
Shane Dallmann ) 13 November 2000
James Derrick ) 13 November 2000
John Sherriff ) 13 November 2000
Paul Chivers ) 13 November 2000
Fernley Dyson ) 13 November 2000
Secretary : Sue Kelly ) 10 November 2000

2. Agency agreement - I now have comments on the agency agreement from
everyone which have been incorporated in the FINAL draft below. Please let
me know as soon as possible if you have any comments - Otherwise I will
execute the agreement on Wednesday.

If there are any other outstanding issues then please let me know.

Please call me on 34982 if you have any questions.

Regards
Mahesh