We have received an executed financial Master Agreement:

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

Effective Date:   May 1, 2001

Enron Entity:   Enron Canada Corp.

Counterparty:   Lakeside Feeders Ltd., by and through its division, Lakeside 
Packers

Transactions Covered:  THIS ISDA MASTER AGREEMENT CAN BE USED BY COUNTERPARTY
    FOR ONE TRADE ONLY.  NO MORE DEALS ARE TO BE DONE UNDER
    THIS AGREEMENT.

Confirming Entity:  None

Governing Law:   None


Copies will be distributed.

Stephanie Panus