Broker Client Procedure

Attached is a draft of the Broker Electronic Transaction Agreement which will
be used to allow Brokers to transact on behalf of their customers. Please
review the document and give me any comments. Please pay particuliar
attention to Section 3 Transactions.

Also please note that it will be imperative that broker confirmations are
done each day on Broker Client Transactions to limit the exposure associated
with online transaction broker breakage costs. The confirmations group will
be responsible for confirming each day and notifying credit immediately of
any discrepancies between Enron and the Broker. Notification by the
confirmations group will be the only means by which credit will be informed
to shut down broker activity in the case of a transaction that has not been
confirmed and/or verified by the broker.

Thank you