Re: Rho/Drift/Benchmark & Hedge Management Fee

Hi!
I'll sign the agreement.

Orjan

From: Sara Shackleton on 13/12/2000 09:22 CST
To: Orjan Agdesteen/OSL/ECT@ECT, Martin Rosell/OSL/ECT@ECT
cc: Laurel Adams/HOU/ECT@ECT

Subject: Re: Rho/Drift/Benchmark & Hedge Management Fee

Martin and Orjan:

Thank you for responding to my message. I still need to know WHO will
EXECUTE the confirmation on behalf of Enron Nordic Energy (Norwegian Branch
of Enron Capital & Trade Resources International Corp.? Clara is here in
Houston and cannot sign for that entity.

Please advise.

Sara

Orjan Agdesteen
12/13/2000 02:16 AM

To: Sara Shackleton/HOU/ECT@ECT
cc: Clara Carrington/HOU/ECT@ECT, Trond Branem Hansen/OSL/ECT@ECT
Subject: Re: Rho/Drift/Benchmark & Hedge Management Fee

Sara
Regarding the contract Clara Currington is currently working on a new
arrangement to hedge 100% instead of 90 %.

Regards,
Orjan

Martin Rosell
13/12/2000 08:59
To: Orjan Agdesteen/OSL/ECT@ECT, Trond Branem Hansen/OSL/ECT@ECT
cc:

Subject: Rho/Drift/Benchmark & Hedge Management Fee

F"rmodligen n+got f"r Er att besvara.

Martin
---------------------- Forwarded by Martin Rosell/OSL/ECT on 2000-12-13 09:00
---------------------------
From: Sara Shackleton on 2000-12-12 18:07 CST
To: Justin Boyd/LON/ECT@ECT, Martin Rosell/OSL/ECT@ECT, Hege
Kleven/OSL/ECT@ECT, Berit Lokken/OSL/ECT@ECT
cc: Laurel Adams/HOU/ECT@ECT

Subject: Rho/Drift/Benchmark & Hedge Management Fee

All:

To whom should Risk Management & Trading Corp. ("RMT") direct the swap
confirmation related to RMT's hedge management fee with Enron Nordic Energy
(Norwegian branch of Enron Capital & Trade Resources International Corp.)?
The previous transaction was dated February 24, 1999 and requires amendment.

Please let me know.

Sara