Executing Broker Agreement with Frost Securities

I received a telephone call from Brian Coad with Frost Securities. He is
aware of our problems and will be working to help resolve our issues with DB
Alex Brown. Since Jason Peters has been over the negotiations with DB Alex
Brown, Brian will contact him. I have also left a message for Jason to
follow-up with Brian.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX 77002
Phone: (713) 853-9188
Fax: (713) 646-3490
email: samantha.boyd@enron.com

Sheila Glover@ECT
09/19/2000 11:41 AM

To: larry.hollingsworth@frostsecurities.com
cc: Sara Shackleton/HOU/ECT@ECT, Michael W Bradley/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron
Subject: Executing Broker Agreement with Frost Securities

Larry,
I just left you a voice mail message.....

ECT Investments, Inc. has been trying to get an executing broker agreement in
place with Frost Securities. Our legal department has not been getting much
cooperation. I would appreciate your assistance in resolving this situation
on your end.

Our SR. counsel, Sara Shackleton, 713-853-5620, has been the person who
fowarded our comments to Frost Securities and has now been told that all our
comments have been rejected absolutely.

Please advise.
Sheila