Re: Palladium Insurance Letter of Credit

We invoiced them for the look back period for the deals that settled March
31. I am still waiting to hear if they paid from our back office (per
Palladium, they paid on Monday). I have pulled the LC from the vault, and I
am waiting for the pmt confirmation before I send back. If you want a good
laugh, give me a call and I will tell you what the desk wanted to try to do.

Tanya

From: Mark Taylor on 10/04/2000 01:36 PM
To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Re: Palladium Insurance Letter of Credit

Tanya - I just got back from vacation to find this waiting. Do we need to do
anything?

Mark
----- Forwarded by Mark Taylor/HOU/ECT on 10/04/2000 01:35 PM -----

Shari Stack
09/19/2000 01:17 PM

To: Mark Taylor/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT
cc: Mark Tawney/HOU/ECT@ECT
Subject: Re: Palladium Insurance Letter of Credit

Mark/Tanya:

Just got this today out of the blue...... Could one of you please respond to
him? (I have not)

Andy McComb <andym@powerscourt.bm<
09/19/2000 12:41 PM

To: "'sstack@enron.com'" <sstack@enron.com<
cc: "James Horning (E-mail)" <james.horning@bankamerica.com<
Subject: Palladium Insurance Letter of Credit

Dear Shari,

Please be advised that Enron is still holding a letter of credit No. 7403213
in the amount of $7,000,000.

This letter of credit was provided by Palladium Insurance as credit support
for transactions which Enron terminated.

We request that Enron immediately return the letter of credit by overnight
to Bank of America at the following address:

Bank of America
Insurance Division
231 South LaSalle Street
Chicago, Illinois 60697

Attn: Mr. James Horning

We would appreciate your confirmation of this action by return email or fax.

Yours sincerely,

Andy McComb
For Palladium Insurance Limited