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From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SPANUS>
To: Adams, Laurel </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ladams>, Anderson, Diane </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Danders2>, Bell, Jean </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jbell>, Bowen, Bob </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bbowen>, Cason, Sharen </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Scason>, Cisneros, Celeste </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ccisnero>, Fischer, Jason </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jfische2>, Garcia, Jorge A.  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jgarci11>, Heaney, Gordon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Gheaney>, Hundl, Kimberly </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Khundl>, Hunter, Larry Joe </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jhunte2>, Murphy, Melissa Ann </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mmurphy>, Ornelas, Bianca </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bornelas>, Piwetz, Stephanie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Spiwetz>, Rodriguez, Melissa </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mrodrig3>, Seib, Dianne </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dseib>, Theriot, Kim S. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ktherio>, Brackett, Debbie R. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dbracke>, Bradford, William S. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Wbradfo>, Brown, Angela Y. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Abrown8>, Conwell, Wendy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Wconwell>, Curry, Ken </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Kcurry>, Espinoza, Veronica </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Vespino>, Gonzalez, Veronica </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Vgonza2>, Johnson, Rudwell </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rjohnso2>, Landry, Shemeika S. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Slandry>, Lebrocq, Wendi </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Wlebrocq>, Mendoza, Nidia </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Nmartin>, Monterrey, Maribel </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mmonterr>, Moran, Tom </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tmoran>, Ngo, Tracy <Tracy.Ngo@ENRON.com>, North, Carol </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cnorth>, Otto, Randy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rotto>, Radous, Paul </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Pradous>, Rajaram, Aparna </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Arajaram>, Rohauer, Tanya </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Trohaue>, Sacks, Edward </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Esacks>, Sonnonstine, Max </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Msonnons>, Vanek, Darren </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dvanek>, Williams, Jason R (Credit) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jwilli10>, Campos, Anthony </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Acampos>, Crawford, Sharon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Scrawfo3>, Ebow, Amber </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Aebow>, Ellstrom, Diane </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dellstr>, Gerard, Camille </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cgerard>, Hare, Bill D. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bhare>, Johnson, Cheryl </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cjohnso5>, Lambert, Karen </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Klamber>, Landau, Georgi </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Glandau>, Lees, Lisa </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Llees>, Moore, Jason </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jmoore1>, Neuner, Dale </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dneuner>, Reeves, Leslie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lreeves>, Richardson, Stacey </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Srichar2>, Rodriguez, Bernice </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Brodrig>, Schott, Samuel </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sschott>, Sever, Stephanie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ssever>, Shivers, Lynn </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LSHIVER>, Sietzema, Linda </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lsietze>, Southard, Carrie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CSOUTHA>, Bailey, Susan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sbaile2>, Boyd, Samantha </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sboyd2>, Cook, Mary </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mcook>, Gray, Barbara N. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bgray>, Heard, Marie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mheard>, Hendry, Brent </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bhendry>, Jones, Tana </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tjones>, Keiser, Holly </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Hkeiser>, Koehler, Anne C. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Akoehle>, Leite, Francisco Pinto </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Fleite>, Nelson, Cheryl </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cnelson4>, Sayre, Frank </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Fsayre>, Shackleton, Sara </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sshackl>, Taylor, Mark E (Legal) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mtaylo1>
Date: Wednesday, November 21, 2001 6:27:32 GMT
Subject: 

We have received an executed financial master agreement:

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

Effective Date:			June 4, 2001

Enron Entity:			Enron Canada Corp.

Counterparty:			Encore Energy Solutions, L.P.

Transactions Covered:		Approved for all transactions with the exception of:  Foreign Exchange

Confirming Entity:		Enron Canada Corp.

Governing Law:			Alberta

Special Handling Requirements:	No special handling requirements

Copies will be distributed.

Stephanie Panus