Tana,

Brad Flinn and I spoke re. the credit terms for Bellingham.  I have agreed to 
increase the cp's collateral threshold level from $500,000 to $750,000 as 
well as the third-party cross-default from $500,000 to $750,000.  Brad was 
going to check w/his attorney, at which time, somebody will contact you to 
let you know whether they've agreed to the $750,000 for both.  They may come 
back and just ask for the $750,000 increase to the collateral threshold and 
keep the $500,000 for the cross-default.  Either way, I'm fine with this.

Thanks for your follow up.

Tracy




From: Tana Jones on 07/25/2000 10:52 AM
To: Tracy Ngo/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron
cc: John Malowney/HOU/ECT@ECT 

Subject: Re: Bellingham Cold Storage ISDA Master

Below is John's contact as Boeing.  He would like to get some credit so we 
can get this counterparty an ISDA.  I understand that you are under the gun 
today, if you could just let us know when we might be able to get some 
credit.  Much thanks!
----- Forwarded by Tana Jones/HOU/ECT on 07/25/2000 10:48 AM -----

	John Malowney
	07/24/2000 11:14 AM
		
		 To: Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Bellingham Cold Storage ISDA Master

Tana, a couple of things.... have you heard anything back from Bellingham 
Cold Storage and secondly I'd like you to send an ISDA to the following 
party.  Let me know if you have any questions.   Thanks,  John

Mr. Allan Warman
Energy Resources Management
The Boeing Company
P.O. Box 3707  MC 7A-XF
Seattle, WA 98124-2207

If need be his phone number is (425) 865-6944.



From: Tana Jones on 06/30/2000 02:36 PM CDT
To: johncameron@dwt.com, hollymitchel@dwt.com, doug.thomas@bellcold.com
cc: John Malowney/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, Carol St 
Clair/HOU/ECT@ECT 
Subject: Bellingham Cold Storage ISDA Master

Attached please find a draft of the Schedule to the ISDA Master Agreement 
between Bellingham Cold Storage Co. and Enron North America Corp.  Please 
call Carol St. Clair, Assistant General Counsel, at (713) 853-3989 with any 
questions or comments you may have.  My direct dial number is (713) 853-3399.