Status

Jack:
Jim Crump met with Mike Sullivan and Julie Beck yesterday and it appears as
if based on the e-mails that we have exchanged that the next step is to have
a conference call to finalize the ISDA and the remaining open issues. What I
plan to do by tomorrow is circulate a redraft of the Schedules. Julie and
Mike agreed that David Turpin should partic ipate in the call so that all
open issues can be resolved. Could you please contact my assistant, Suzanne
Adams, at 713-853-7340 and give her some days and times next week that you
and David are available. I would think that we would only need an hour. I
plan to have Ken Curry, my credit person, with me for the call. Thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com