Problem: BODY: The confirmation desk recently received a call from Mike Billings who I believe is your Dow trader. Mike is trying to trade financially under the name "The Dow Chemical Company". ECT SHOULD CONTINUE TO TRADE FINANCIALLY WITH "DOW HYDROCARBONS AND RESOURCES INC" (the party that ECT has a Master Agreement with). ECT will NOT agree to change the counterparty on any future trades. When you speak with Mike Billings, you may alert him to this. Thanks. Sara
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A: SUBJECT: FYI: Financial swaps and options with Dow Hydrocarbons and Resources Inc.

Problem: BODY: David: We are drafting a credit derivative confirmation in connection with one of our year-end deals. Will you or Jean be able to review the confirm with us? I look forward to hearing from you. Regards. Sara
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A: SUBJECT: Credit Derivative

Problem: BODY: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: December 27, 2000 Enron Entity: Enron Canada Corp. Counterparty: Enron Canada Power Corp. Transactions Covered: Approved for all products. Confirming Entity: Enron Canada Corp. Governing Law: Alberta Copies will be distributed.
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A:
SUBJECT: Enron Canada Corp./Enron Canada Power Corp.