Problem: BODY: The resolution giving Robert Cass and Sheri Thomas approval to execute Password Applications as agents and attorneys-in-fact has been executed effective 11/02/00. I will send a copy down to Frank Davis. The original goes into the Company's Minute Books maintained in the Corporate Secretary's Office on the 48th Floor.
======
A: SUBJECT: ClickPaper.com Resolution

Problem: BODY: Susan: Rod or Karolina will prepare a credit worksheet for an ISDA Master Agreement between ETOL and RMT. Jorge has a 3-year rate swap awaiting documentation. Rod/Karolina: Is there any reason to not use RMT? Is an ETOL sell-off imminent? If so, would it be in the near term? Rhett: If an ETOL sell-off (in whole or part) is imminent, should the deal be booked in ENA rather than RMT? Jorge: The transaction confirm should be an ISDA format. Also, please verify whether any ETOL deals are on ENA/RMT books and the remaining terms Thanks..
======
A: SUBJECT: Enron Teeside Operating Limited ("ETOL")

Problem: BODY: Rick Tucker at Pan Canadian (he used to be at PG&E) called and has been speaking to Willie Harrell on the Confirm Desk, and I believe Willie spoke to Mark about this issue yesterday, but it appears to be unresolved and I think Mark was going to talk to you about it. Pan Canadian is doing EOL trades, and wants to know why he keeps getting the online confirms w/the GTC's attached since the way the system is set up he technically is already agreeing to the GTC's online. He feels he is having to look at a lot of unnecessary paper. Rick will be out of the office Friday and Monday, but was hoping you could give him a call Tuesday to discuss this issue. His phone # is 713/331-5049. FYI, we do not have a master in place with Pan Canadian Energy Services.
======
A:
SUBJECT: EOL-Pan Canadian