--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SPANUS>
To: Adams, Laurel </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LADAMS>, Allen, Kimberly </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GWADDR/CN=PSC.PS1.KIMBERLY ALLEN>, Anderson, Diane </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DANDERS2>, Bell, Jean </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JBELL>, Bowen, Bob </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BBOWEN>, Cason, Sharen </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SCASON>, Cisneros, Celeste </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CCISNERO>, Fischer, Jason </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JFISCHE2>, Garcia, Jorge A.  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JGARCI11>, Heaney, Gordon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GHEANEY>, Hundl, Kimberly </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KHUNDL>, Hunter, Larry Joe </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JHUNTE2>, Murphy, Melissa Ann </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MMURPHY>, Ornelas, Bianca </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BORNELAS>, Piwetz, Stephanie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SPIWETZ>, Rodriguez, Melissa </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MRODRIG3>, Seib, Dianne </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DSEIB>, Tackett, Scott </O=ENRON/OU=NA/CN=RECIPIENTS/CN=STACKETT>, Theriot, Kim S. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KTHERIO>, Brackett, Debbie R. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DBRACKE>, Bradford, William S. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=WBRADFO>, Brown, Angela Y. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ABROWN8>, Conwell, Wendy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=WCONWELL>, Curry, Ken </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KCURRY>, Espinoza, Veronica </O=ENRON/OU=NA/CN=RECIPIENTS/CN=VESPINO>, Gonzalez, Veronica </O=ENRON/OU=NA/CN=RECIPIENTS/CN=VGONZA2>, Johnson, Rudwell </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RJOHNSO2>, Landry, Shemeika S. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SLANDRY>, Lebrocq, Wendi </O=ENRON/OU=NA/CN=RECIPIENTS/CN=WLEBROCQ>, Mendoza, Nidia </O=ENRON/OU=NA/CN=RECIPIENTS/CN=NMARTIN>, Monterrey, Maribel </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MMONTERR>, Moran, Tom </O=ENRON/OU=NA/CN=RECIPIENTS/CN=TMORAN>, Ngo, Tracy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=TNGO>, North, Carol </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CNORTH>, Otto, Randy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ROTTO>, Radous, Paul </O=ENRON/OU=NA/CN=RECIPIENTS/CN=PRADOUS>, Rajaram, Aparna </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ARAJARAM>, Rohauer, Tanya </O=ENRON/OU=NA/CN=RECIPIENTS/CN=TROHAUE>, Sacks, Edward </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ESACKS>, Sonnonstine, Max </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MSONNONS>, Vanek, Darren </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DVANEK>, Williams, Jason R (Credit) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JWILLI10>, Campos, Anthony </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ACAMPOS>, Crawford, Sharon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SCRAWFO3>, Ebow, Amber </O=ENRON/OU=NA/CN=RECIPIENTS/CN=AEBOW>, Ellstrom, Diane </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DELLSTR>, Gerard, Camille </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CGERARD>, Hare, Bill D. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BHARE>, Johnson, Cheryl </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CJOHNSO5>, Lambert, Karen </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KLAMBER>, Landau, Georgi </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GLANDAU>, Lees, Lisa </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LLEES>, Moore, Jason </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JMOORE1>, Neuner, Dale </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DNEUNER>, Reeves, Leslie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LREEVES>, Richardson, Stacey </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SRICHAR2>, Rodriguez, Bernice </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BRODRIG>, Schott, Samuel </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SSCHOTT>, Sever, Stephanie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SSEVER>, Shivers, Lynn </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LSHIVER>, Sietzema, Linda </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LSIETZE>, Southard, Carrie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CSOUTHA>, Bailey, Susan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SBAILE2>, Boyd, Samantha </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SBOYD2>, Cook, Mary </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MCOOK>, Gray, Barbara N. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BGRAY>, Heard, Marie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MHEARD>, Hendry, Brent </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BHENDRY>, Jones, Tana </O=ENRON/OU=NA/CN=RECIPIENTS/CN=TJONES>, Keiser, Holly </O=ENRON/OU=NA/CN=RECIPIENTS/CN=HKEISER>, Koehler, Anne C. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=AKOEHLE>, Leite, Francisco Pinto </O=ENRON/OU=NA/CN=RECIPIENTS/CN=FLEITE>, Nelson, Cheryl </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CNELSON4>, Sayre, Frank </O=ENRON/OU=NA/CN=RECIPIENTS/CN=FSAYRE>, Shackleton, Sara </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SSHACKL>, Taylor, Mark E (Legal) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MTAYLO1>
Date: Monday, October 22, 2001 7:35:05 GMT
Subject: 

We have received an executed financial master agreement:

Type of Agreement:		ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:			September 27, 2001

Enron Entity:			Enron North America Corp.

Counterparty:			Tall Tree Lumber Company

Transactions Covered:		Approved for all products with the exception of:  Foreign Exchange

Confirming Entity:		Enron North America Corp.

Governing Law:			Texas

Special Handling:		No special handling requirements

Copies will be distributed.


Stephanie Panus
Enron Wholesale Services
ph:  713.345.3249
fax:  713.646.3490