Enclosed is a  revised draft of the Two Way ISDA Credit Support Annex, clean and marked.  Also enclosed is a draft of the One Way ISDA Credit Support Annex and a version marked against the Two way version.  Please forward to me your final comments by early tomorrow, by e-mail, voice mail or call me at home or in the office (I will come in around 11 or so).  Changes to the existing  gas and power collateral annexes will follow once this has been finalized.



    

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com