Notice of Intent not to Waive Rights

mark:
FYI.
carol
----- Forwarded by Carol St Clair/HOU/ECT on 05/31/2000 06:41 PM -----

Jason Peters@ENRON
05/31/2000 10:57 AM

To: Sara Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
cc:
Subject: Notice of Intent not to Waive Rights

Sara and Carol,

Attached for your review, please find a draft of a letter to be distributed
by ENA to Counterparties who are either (i) in Default or (ii) over the
Collateral Threshold and for which ENA does not desire to call such default
or demand such collateral. Should you have any comments, please let me know.

Jason