Ms. Rosenthal:

Sara Shackleton just left for vacation until after Labor Day, but asked me to respond to your e-mail regarding sending us your completed ISDA schedule.  Our Credit Department has said that Enron Corp. will provide a parent guaranty for ECT Investments, Inc., however, they would like for CSFB to also provide a guaranty since CSFB (Europe) is not a rated entity, or provide independent financial statements for CSFB (Europe).  Our Credit Department did not provide us with a cap for the Enron Corp. guaranty.

You can send your ISDA Schedule to my attention and we will proceed with reviewing same.

Thank you.


Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com