---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/17/99 11:48 
AM ---------------------------


Sara Shackleton
12/17/99 08:58 AM
To: Rodney Malcolm/HOU/ECT@ECT
cc: Elizabeth Sager/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT 
Subject: Merrill ISDA compared with standard ENA ISDA

Attached is a brief comparison of differences.