Re: Guarantee to the ISDA Master Agreement

Yes, my other question to Gary was HOW QUICKLY can you have the guaranty
executed.

"Akhtar, Kasar (GED Legal-NY)" <kakhtar@exchange.ml.com<
06/12/2000 12:09 PM

To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com<
cc:
Subject: Guarantee to the ISDA Master Agreement

Please find attached the Guarantee to be provided by our parent Merrill
Lynch & Co Inc., with respect to the ISDA Agreement currently in negotiation
between our respective institutions. If you require any further assistance
please contact me.

<<guarantee_mli.doc<<

Best Regards

Kasar Akhtar
Telephone: 212 449 7482
Facsimile: 212 449 2615
e-mail: kakhtar@exchange.ml.com

- guarantee_mli.doc