Dear Lucy:

Our financial council considers that there should be no problem to
include your comments in the guaranty form, although it has to be
authorized by the corporate council.  We are currently working on that
authorization and will let you know as soon as we have an answer.

Best regards,
Martha Navarro

-----Original Message-----
From: Lucy.Ortiz [mailto:Lucy.Ortiz@enron.com]
Sent: Lunes, 27 de Agosto de 2001 04:19 p.m.
To: Martha Navarro-Maldonado; Alejandro Reyes-Ventura
Cc: Lucy.Ortiz; Craig.Breslau; Marie.Heard
Subject: FW: Pemex Guaranty
Importance: High


Martha & Alex,

De acuerdo a su solicitud, anexo les envio los comentarios de Enron
sobre la garantia.   Les agradezco su pronta respuesta.
Estoy a sus ordenes para cualquier commentario al respecto.

Lucy Ortiz
713.853.3238


>  -----Original Message-----
> From: 	Heard, Marie
> Sent:	Tuesday, August 07, 2001 10:54 AM
> To:	'mmax@'
> Cc:	Breslau, Craig; Ortiz, Lucy
> Subject:	FW: Pemex Guaranty
> Importance:	High
>
> Ms. Marquez:
>
> I am following up regarding the status of our comments to the form of
> guaranty for Pemex that you provided to Lucy Ortiz.  Please do not
> hesitate to contact either Francisco Pinto-Leite or me with any
> questions or comments.  We look forward to hearing your comments.
>
> Marie Heard
> Senior Legal Specialist
> Enron North America Corp.
> Phone:  (713) 853-3907
> Fax:  (713) 646-3490
> marie.heard@enron.com
>
>
>  -----Original Message-----
> From: 	Heard, Marie
> Sent:	Monday, July 23, 2001 10:15 AM
> To:	'mmax@'
> Cc:	Vanek, Darren; Ortiz, Lucy; Breslau, Craig; Leite, Francisco
> Pinto
> Subject:	Pemex Guaranty
> Importance:	High
>
> Ms. Marquez:
>
> Attached are an original and blacklined copy of your form of guaranty,
> which reflect our comments.  Please do not hesitate to contact either
> Francisco Pinto-Leite, Senior Counsel (713/345-7942;
> francisco.pinto.leite@enron.com) or me with any questions or comments.
> Thank you for your assistance.
>
> Marie Heard
> Senior Legal Specialist
> Enron North America Corp.
> Phone:  (713) 853-3907
> Fax:  (713) 646-3490
> marie.heard@enron.com
>
>
> 				 <<pemexguaranty.1.doc>>
> <<PEMEXGUARANTY.1.RED.DOC>>


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