We have received an executed financial Master Agreement:

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

Effective Date:   October 23, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Power Authority of the State of New York

Transactions Covered:  Approved for all products with the exception of: Pulp, 
Lumber & Paper, Foreign Exchange
          
Confirming Entity:  Enron North America Corp.

Choice of Law:   New York

For those of you keeping track, this brings us to 470 executed financial 
agreements!