Procter & Gamble Non-Reliance Language

I'll call. Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/25/99 08:54
AM ---------------------------

Susan Flynn
05/24/99 03:57 PM
To: Kenneth D Rice/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Procter & Gamble Non-Reliance Language

Edward Ondarza asked ECT-Legal to forward to you the attached standard
non-reliance language which appears in all of our ISDA Master Agreements.