Deemed ISDA

Susan:

Laurel Adams has an FX deal where RMT must be a party. The counterparty is a
100% owned Enron sub named "Compagnie de Papiers Stadacona". When I last
checked, nothing shows up in the corporate database. However, I have
verified the name, ownership, etc. with Jeff Blumenthal. I will separately
email you the counterparty info that I have.

We need a deemed ISDA for the parties. We should later do the ISDA when the
information is available on the database (which could be any day, I
suppose). I would just use our standard RMT format.

Please assign. Feel free to call me or Laurel with questions. Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com