Files

It has come to my attention that with respect to ISDA masters we file as
follows:

1. Original documents for ISDA and any ongoing legal activity, such as
assignments etc., are directed to Global Contracts.

2. A Blue file with copies of item 1 is retained in our files.

3. A hardback green file is then made (a copy of Blue file) and sent to Kay
Young to be maintained in legal files.

Items 2 and 3 are duplicative copies and require duplicative ongoing upkeep
with respect to assignments, mergers, name changes etc. Panus, Jones and I
are to discuss this soon. I think we should cease doing item 3 as it is
duplicative and "making work." I might also suggest that all prior green
files on ISDAs in the file room be destroyed. It may have served a purpose
at one time, but I cannot see it now. I will discuss this with Tana before
making a decision. What are your thoughts/approval? Thanks. Mary

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com