Ed:  For the Additional Event of Default (ratings trigger), do you intend the 
MAC to apply when only one or both credit ratings disappear?


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com