Francisco tells me that all of the Mexican ISDA Master Agreements provide for automatic early termination (as of the day prior to filing).  Valuation would have occurred as of Friday, Nov. 30, 2001.

The valuation info. that I had (for the parties below) must have come from the commercial people and incorrect.

 -----Original Message-----
From: 	Rohauer, Tanya  
Sent:	Tuesday, January 29, 2002 10:20 AM
To:	Shackleton, Sara; Moran, Tom
Subject:	RE: Mexican counterparties - in the money positions

Have they been terminated?  Our file is as of 11/30, but if they have not terminated, the value could be vastly different from that file.

 -----Original Message-----
From: 	Shackleton, Sara  
Sent:	Tuesday, January 29, 2002 9:45 AM
To:	Moran, Tom; Rohauer, Tanya
Subject:	Mexican counterparties - in the money positions

I just wanted to verify that the following parties are out of the money (as of 11/30/01):

Compania Minera Autlan
Copamex
Galvak

I was told that these are now in the money to ENA.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490