Action Plan for Argentina Tax Law Changes

Mike:

I have attached an Action Plan that sets forth the steps that various groups
within Enron needs to take to have an impact on the current gross receipts
tax regime currently in place in Argentina. This plan addresses more
specifically some of the issues in the memo that Sara and I sent out a few
weeks ago.

We would like to set up a meeting to discuss the plan with you and assign
responsibility for various parts of the proposal. Brent will be back in
Argentina later this week. Brent, Sara and I usually talk on Friday morning
regarding Argentine issues. If you are available at 11:00 Argentina time,
we will discuss the Action Plan with you at that time. If that is not a
convenient time, please advise and we will set up another time for the
meeting that fits into your schedule.

Regards

Lynn