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