ISDA and Enron Corp. Guarantee

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
----- Forwarded by Sara Shackleton/HOU/ECT on 02/16/2001 02:07 PM -----

John Suttle
01/18/2001 05:05 PM

To: Jane McBride/AP/Enron@Enron
cc: Sara Shackleton/HOU/ECT@ECT
Subject: ISDA and Enron Corp. Guarantee

Jane -

Attached is a worksheet in response to a request from Australia New Zealand
Bank for an ISDA and Enron Corp. guaranty covering FX trading. The contact
is Michael Midden, whose e-mail is below. I said we would e-mail the draft
documents to him for comments.

Please let me know if you have any questions.

John

---------------------- Forwarded by John Suttle/HOU/ECT on 01/19/2001 01:02
AM ---------------------------

"Midden, Michael" <mmidden@anz.com< on 01/18/2001 10:31:14 AM
To: "'john.suttle@enron.com'" <john.suttle@enron.com<
cc:
Subject: Enron Corp. Guarantee

John,

Australia New Zealand Bank has put in place FX limits for Enron North
America Inc.(on behalf of Enron Japan) of USD 2 million (R/13 months) and
the corresponding USD 27.5 million in settlement limits (R/3-day) (subject
the full guarantee of Enron Corporation). It would be greatly appreciated if
you could assist us in implementing a guarantee from Enron Corp. to support
these trading lines.

Regards,

Michael Midden