At the request of Bob Shults, I am attaching our proposed form of Letter of Interest. This LOI has been revised to cover US crude, refined products and coal and emissions. If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490. I will then have it executed by Enron Net Works. If you have any comments or questions please call Mark Greenberg, Senior Counsel, at (713) 345-8897 or Bob at (713) 853-0397.

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LOI - United Fuels International Inc.