Re: Inconsistant Credit Amounts

Brant: Please send complete copies of these confirms (including the
Annexes!)

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

Brant Reves/ENRON@enronXgate
03/06/2001 11:37 AM

To: Sara Shackleton/HOU/ECT@ECT
cc: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Nidia Mendoza/ENRON@enronXgate, Brant
Reves/ENRON@enronXgate
Subject: Inconsistant Credit Amounts

Gas Producers Liquids Inc. - Omnibus confirmations only - No ISDA

How do we margin this LC customer when the Exposure Thresholds are not
consistant across each Annex B? Their financial mark to market exposure is
currently $1.3MM.

Annex
Trades B-Credit Line

QL3281.1 $0
QL3360.1 $0
QN8251.1 $0
QN8251.2 $0
QQ7096.1 $0
QQ7109.1 $500,000
QR4386.1 $0
QS3259.1 $0
QS3259.2 $25,000

Brant