We have received the following executed Master Agreement:


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

Effective Date:   June 28, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   HS Energy Services, Inc.

Transactions Covered:  Approved for all products except:   pulp and paper and 
foreign exchange






Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490