Re: Project Margaux - Indenture, Agency Agreement and Enron Note

Melanie:
Could you please make sure that Nora Dobin is on your distribution list? She
is in Scott Sefton's group here and is reviewing all Enron Corp. docs excpet
fo the swap docs. Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)

MWilson2@milbank.com
05/22/2000 12:53 PM

To: sdwyer@enron.com, mabboudy@enron.com, aedgley@enron.com,
mevans@enron.com, plord@enron.com, baiken@enron.com, bglisan@enron.com,
mike.jakubik@enron.com, jbadillo@enron.com, jginty@enron.com,
donette.dewar@enron.com, alvaro.camarero@enron.com, sschard@enron.com,
dscott@dlj.com, rcabes@dlj.com, scott.sefton@enron.com,
carol.st.clair@enron.com, dhemsey@dlj.com, jball@dlj.com, pwoodbur@dlj.com,
rpiskadl@dlj.com, nora.dobin@enron.com, bherman@dlj.com,
melissa.p.allen@arthurandersen.com, cclementdavies@velaw.com,
jeldredge@velaw.com, smacgibbon@velaw.com, tchandler@velaw.com,
acurry@velaw.com, schimberg@velaw.com, mkidwell@velaw.com, awright@velaw.com,
eosterberg@velaw.com, bryony.juffkins-u@db.com, craig.orchant@db.com,
robert.mohamed@db.com, rose.newman@db.com, eddy.altenhoven@db.com,
deirdre.breheny@db.com, damon@rlf.com, gunter@rlf.com,
georgia.mitchell@citicorp.com, teresa.stclair@cliffordchance.com
cc: TSiebens@milbank.com, PFletcher@milbank.com, TDavis@milbank.com,
BKayle@milbank.com, LKeene@milbank.com, FKneip@milbank.com,
FPuleo@milbank.com, ERayner@milbank.com, AWalker@milbank.com,
JEveling@milbank.com, DLamb@milbank.com, SRivers@milbank.com
Subject: Project Margaux - Indenture, Agency Agreement and Enron Note

Attached are drafts of the Senior Notes Indenture, the Agency Agreement and
the Enron Note.? The Indenture and the Senior Notes Indenture are based on
Enron's standard euro documentation, with the addition of security and
guarantor provisions.? You should already have seen the draft Conditions of
the Notes in the latest draft of the Offering Memorandum distributed by V&E
yesterday.

Please note that these drafts have not been reviewed by the initial
purchasers and are subject to their comments.

We look forward to receiving your comments at your earliest convenience.

Regards,

Tom Siebens/Melanie Wilson
Milbank, Tweed, Hadley & McCloy
Dashwood House
69 Old Broad Street
London? EC2M 1QS
ph.:? 020 7448 /30343022
fax:? 020 7448 3029
email: tsiebens/ mwilson2@milbank.com

<<Margaux Euro-Indenture.DOC<< <<Margaux Agency Agreement.doc<< <<Enron
Note.doc<<

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

- Margaux Euro-Indenture.DOC
- Margaux Agency Agreement.doc
- Enron Note.doc