Please find attached below the following documents, all in clean form and 
marked against the respective Delta II documents:

(1)? Enron/Delta Swap; 
(2)? Enron/Citi Swap; 
(3)? Enron/Delta Guaranty; and 
(4)? Enron/Citi Guaranty. 

These documents are based on the Delta II precedent but incorporate the 
structural changes of Delta III.? Please note that we are continuing to 
review these documents (in particular, the termination provisions of the 
Swaps) and, as such, they remain subject to the completion of our internal 
review.? 

Please do not hesitate to contact the undersigned with any questions or 
comments. 

Eric Moser 
(212) 530-5388 

 <<E-C Guaranty (clean).doc>>  <<E-C Guaranty (marked).doc>>  <<E-C Swap 
(clean).doc>>  <<E-C Swap (marked).doc>>  <<E-D Guaranty (clean).doc>>  <<E-D 
Guaranty (marked).doc>>  <<E-D Swap (clean).doc>>  <<E-D Swap (marked).doc>> 

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 - E-C Guaranty (clean).doc
 - E-C Guaranty (marked).doc
 - E-C Swap (clean).doc
 - E-C Swap (marked).doc
 - E-D Guaranty (clean).doc
 - E-D Guaranty (marked).doc
 - E-D Swap (clean).doc
 - E-D Swap (marked).doc