As you may know this entity has purchased the gas trading section of Merrill 
Lynch.  In turn they have approached ENA requesting  a GISB and Master for 
physical gas trades.   Do you have any problem with a GISB and Master?   
Please advise.

Contact:
Robbie Capoor
212-236-7254

Thanks!

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490