We would like to invite you to participate in a meeting of the International
Swaps and Derivatives Association's North American Energy and Developing
Products Committee on Friday, July 27, 2001 at 11:30 a.m. (New York)/10:30
a.m. (Houston).
ISDA's Energy and Developing Products Committee, Chaired by Mark Haedicke,
General Counsel of Enron Capital and Trade Resources Corp., focuses on
facilitating and addressing issues ranging from documentation to market
practice related to the prudent development of the range of commodity
derivatives transactions. To that end, we plan to discuss items on the
following agenda:

 <<Agenda - July 27.doc>>

This will be a video conference meeting held at the offices of Goldman Sachs
in New York (1 NY Plaza, 37th Floor, Room 37G) and in Houston (1000
Louisiana Street, Suite 550, Room 5G).  You may also participate by calling
into the meeting on the following phone numbers:  United States:
1-877-718-6588; International:  212-902-0992.  The passcode is:  20952.

Please RSVP via e-mail to Scott Marra: smarra@isda.org.  We would appreciate
knowing if you will attend the Houston location, New York location or if you
will be calling-in by phone.

Additionally, as ISDA is currently updating its database, we apologize if we
have inadvertently omitted anyone from the list.  Please let me know if
there are other ISDA members or members of your institution who should also
receive an invitation to this meeting.

Please do not hesitate to contact me if you have any further questions.
Thank you.

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org


 - Agenda - July 27.doc