IN: Message from Steve Kean: We understand that the Governor's advisors are not prepared to discuss credit issues at this time. The conference call scheduled for Friday, May 18th has been cancelled. Please let me know when you are ready for us to set up the call. Thank you.

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OUT: FRIDAY'S CONF CALL CANCELLED

IN: Further to our conversation, attached is a draft of Enron North America Corp.'s GISB with our Special Provisions. Please give me a call with any questions or comments regarding this agreement. Regards,

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OUT: Cinnabar Energy Services & Trading, L.L.C.

IN: Molly: I left you a voice mail this morning about Citibank. The file reflects that you received correspondence from Citibank on 2/22/00 and Carol St. Clair had propsed revisions to the existing 1/9/96 ISDA Master Agreement (including changes to the CSA). Have you agreed to those changes? The Australia office is inquiring about the status of this Master Agreement. Thanks. Sara

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OUT: Citibank N.A./ENA Master Agreement and CSA

IN: Monica: Since our recent conversation, I thought that you were going to send me the entire format for the European format for the repos. Also, have you had an opportunity to review the existing repo between Chase and Enron North America Corp. (formerly Enron Capital & Trade Resources Corp.) dated as of January 29, 1998? I look forward to hearing from you. Sara

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OUT:
Global Master Repurchase Agreement