Cheryl/Sara,
I hope that after recent events we find you and yours all well.

We are still looking for information as to how we should proceed
in initiating an ISDA Master Agreement between Enron Capital &
Trade Resources International Corp. Cargill International, S.A.
("CISA").  Could someone kindly advise?

Thanks,
Regards,
Mara Alexander
Sr. Documentation Analyst
Cargill, Incorporated
Tel: 952.984.3417
Fax: 952.984.3872
e-mail: Mara_Alexander@Cargill.com


-----Original Message-----
From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
Sent: Wednesday, August 29, 2001 6:54 PM
To: IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@enron.com
Cc: Sara.Shackleton@enron.com
Subject: RE: Re: ISDA Master Agreement for Cargill International, S.A.


Sara, I am out on vacation so can you advise Mara on how to proceed?
Thanx.

    -----Original Message-----
   From:   Mara_Alexander@cargill.com@ENRON

[mailto:IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@ENRON.com]


   Sent:   Monday, August 27, 2001 8:06 AM
   To:     Nelson, Cheryl
   Subject:  RE: Re: ISDA Master Agreement for Cargill International,
S.A.

   Cheryl, I have no contact in London.  Can you tell me to whom I
should
   be speaking?

   Thanks,
   Mara

   -----Original Message-----
   From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
   Sent: Friday, August 24, 2001 4:44 PM
   To: IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@enron.com
   Subject: RE: Re: ISDA Master Agreement for Cargill International,
S.A.


   Mara, my notes indicate otherwise -- that you had decided to talk to
a
   contact in London.  If that is no the case, let me.

       -----Original Message-----
      From:   Mara_Alexander@cargill.com@ENRON


[mailto:IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@ENRON.com]


      Sent:   Friday, August 24, 2001 1:10 PM
      To:     Nelson, Cheryl
      Subject:  FW: Re: ISDA Master Agreement for Cargill International,
   S.A.

      Hi Cheryl,

      I haven't had a response to our queries about putting in place an
   ISDA
      between Enron Capital & Trade Resources International Corp. and
our
      Geneva affiliate, Cargill International, S.A. ("CISA").  We've
been
      trying to get negotiations started since January; I was hoping you
      could direct me to the appropriate party to contact at Enron so
that
      we can get things moving on this ISDA?

      Many thanks,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com




************************************************************************
      This message is meant to be read only by the recipient(s) listed
   above.
      Information in this message may be confidential and protected by
      privilege.  If you receive this e-mail by mistake, please delete
all
      versions and contact Mara Alexander at the above location.


************************************************************************


      -----Original Message-----
      From: Alexander, Mara /xtwn
      Sent: Wednesday, May 30, 2001 8:41 AM
      To: 'Cheryl.Nelson@enron.com'
      Subject: RE: Re: ISDA Master Agreement for Cargill International,
   S.A.


      Dear Cheryl,

      I've again had inquiries from our Geneva affiliate, Cargill
      International, S.A. ("CISA") regarding an ISDA Master Agreement
      with Enron Capital & Trade Resources International Corp.  Are
      you still the attorney who would be handling this Agreement?
      If not, could you kindly advise whom I should contact?

      I assume that Enron would prefer to send the initial draft
      documents.  If this is the case, please note that CISA enters
      into its ISDA Master Agreements without benefit of a Credit
      Support Provider or a Credit Support Annex.  Regarding their
      administrative details, their address is:
         Cargill International S.A.,
         14 chemin De-Normandie,
         1206 GENEVA, Switzerland,
      Mailing address:
         P.O. Box 383,
         1211 GENEVA 12,
         Switzerland
         Attention:     Energy Swaps Administration,
                   David Merrilees
         Telex No.:     422893  TRX CH
         Tel. No.:      (41) 22/703 2113
         Fax No.:  (41) 22/703 2122

      Process Agent (under English law):
         Cargill Financial Markets PLC
         Knowle Hill Park
         Fairmile Lane, Cobham
         Surrey, KT11 2PD ENGLAND
         ATTN:  Legal Department.

      Please let me know if you have any questions, or if there is
      anything we can do to help facilitate the onset of negotiations.

      Best Regards,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com


      -----Original Message-----
      From: Alexander, Mara /xtwn
      Sent: Thursday, February 08, 2001 10:08 AM
      To: 'Cheryl.Nelson@enron.com'
      Subject: RE: Re: ISDA Master Agreement for Cargill International,
   S.A.


      Cheryl,

      Cargill International, S.A. confirms that they would like to put
an
      ISDA Master Agreement in place with Enron Capital & Trade
Resources
      International Corp.   This is the Enron entity with which they're
      doing all of their petroleum derivatives trading.

      Thanks again for looking into this matter.  Please let me know if
      you should have any further questions.

      Regards,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com

      -----Original Message-----
      From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
      Sent: Wednesday, February 07, 2001 2:38 PM
      To: alexander, mara /xtwn
      Subject: RE: Re: ISDA Master Agreement for Cargill International,
   S.A.



      Mara,

      The answer may turn on a key question.  What products would be
      traded?Where
      are the trades going to come from?

      Cheryl Nelson
      Senior Counsel
      EB3875
      (713) 345-4693




                          Mara_Alexander@c

                          argill.com              To:
      Cheryl.Nelson@enron.com
                                                  cc:

                          02/02/2001 11:08        Subject:     RE: Re:
ISDA
      Master Agreement for
                          AM                      Cargill International,
   S.A.









      Thank you!  Let me know if/when you need anymore info.

      Rgds,
      Mara

      -----Original Message-----
      From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
      Sent: Friday, February 02, 2001 10:53 AM
      To: alexander, mara /xtwn
      Subject: Re: ISDA Master Agreement for Cargill International, S.A.



      Sara, I had already begun to look into this so I can take care of
it.




                          Mara_Alexander@c

                          argill.com              To:
      Cheryl.Nelson@enron.com,

Sara.Shackleton@enron.com

                          02/02/2001 07:34        cc:
      Edward.Sacks@enron.com
                          AM                      Subject:     ISDA
Master
      Agreement
                                                  for Cargill
   International,
      S.A.






      Dear Sara & Cheryl,

      I have been asked by our affiliate in Geneva, Cargill
      International, S.A. ("CISA"), to begin negotiations for
      them on an ISDA Master Agreement with Enron.

      There had been some question as to which Enron entity
      was to enter into an ISDA with CISA, but the latest
      information they had (possibly from someone in an Enron
      office in London?) was that it should be Enron Capital
      & Trade Resources International Corp.  FYI, Cargill
      International, S.A. is located and incorporated in Geneva.

      Could you kindly advise whom I should be contacting to
      confirm this is indeed the proper Enron entity and with
      whom I should be speaking to begin negotiations?  Please
      also let me know if there is anything that needs to be
      done from a Credit or Trading perspective in order to
      get this ISDA started on Enron's part.

      Thanks and Regards,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com















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