Re: Proposed New Swap with BEB

What documents do we use for these deals? Is it the German translation of
our Industrial Master?

Enron Capital & Trade Resources Corp.

From: Justin Boyd 11/26/98 07:40 AM

To: Mark E Haedicke/HOU/ECT@ECT, Alan B Aronowitz/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT, Mark - ECT Legal
Taylor/HOU/ECT@ECT
cc:
Subject: Proposed New Swap with BEB

We are looking at a new Rheinschiene (Gas Oil + Fuel Oil) Swap with BEB, a
German gas company. The key details are:

BEB are jointly owned by Esso & Shell
Plain vanilla swap
Enron pays floating
Term of 1 -3 years
Value between DEM 250,000 - DEM 10,000,000

I will keep you posted of new developments.

Justin