Sara,
Purpose of Account  includes rationale (see below), I have added Ted as a CC: 
on our top page request 
Deutsche Banc Alex , Brown is the back office service utilized by Frost 
Securites, Inc to clear their trades.  When we execute through Frost they use 
DB Alex Brown to settle the trade with our prime Broker.
3.               2000 Petroleum Analyst Yearbook
                  Frost Securities Inc. 
                       Lewis W. Kreps 
                       R. Lewis Ropp 
                       Gary L. Russell
 Frost Securities Inc.
                  2727 N. Harwood St., Ste. 1000
                  Dallas, Texas 75201-1515
                  Phone: 214-515-4400
                  Fax: 214-515-4430
                  Contact: Lewis W. Kreps
                  E-mail: lewis.kreps@frostsecurities.com

                  Frost Securities, Inc. is a Dallas-based full-service 
investment banking
                  firm focused on equity research, institutional brokerage 
and trading and
                  corporate finance. The firm is a wholly owned subsidiary of 
Cullen/Frost
                  Bankers (NYSE: CFR). Frost Securities, Inc. is leading the 
charge to
                  service companies and industries of the Southwest with an 
emphasis on
                  the energy and technology sectors. The company,s effort is 
"research led"
                  and "trading driven," with multiple analysts per sector. 
The firm,s research
                  team averages more than 10 years of direct industry 
experience in their
                  respective industries. The firm,s corporate finance group 
consists of
                  seasoned professionals with an in-depth understanding of 
public offerings,
                  private placements, leveraged buyouts, M&A advisory, sale 
advisory and
                  takeover defenses. 
4.  Janet is the contact for Frost.

Pleae call 

Date:   May 19, 2000

To:   ENA Legal Department
   Attn: Sara Shackleton

cc:    Ted Murphy (Cover Page only)

Requestor:  Sheila Glover

Entity Opening Account (Legal Name): ECT Investments, Inc.

Brokerage Firm:   Frost Securities, Inc. Investment Bankers
Contact:   Janet
Phone Number:  214-515-4495

Type of Account:  Executing Broker Only

Purpose of Account: Transactions limited to executing broker relationship.  
Frost Securities, Inc.. has an energy  analyst  which is utilitzed by the 
Energy Portfolio 
 

---------------------- Forwarded by Sheila Glover/HOU/ECT on 05/25/2000 10:20 
AM ---------------------------
From: Sara Shackleton on 05/22/2000 01:24 PM
To: Sheila Glover/HOU/ECT@ECT
cc:  
Subject: Frost Securities Inc. account with ECT Investments, Inc.

Sheila:  I received a requst from you.  Please advise if:  

(1)  You sent explanation to Ted Murphy stating purpose for account.
(2)  Agreement reflect DB Alex Brown LLC to clear trades with prime broker of 
our choice
(3)  Why is this a Deutsche Bank agreement?  Who is "Frost Securities, Inc."?
(4)  Do we contact "Janet" at 214/515-4495 with markup?