Tanya:

Please see Tom Doukas's request below.  Enron Corp. issued a guaranty in favor of The Bear Stearns Companies, Inc. et al dated March 29, 2001, with a $25,000,000 cap.  This guaranty secured obligations of Enron Credit, Inc. in connection with a Securities Loan Agreement and brokerage agreement.  The cap was increased to $100,000,000 by amendment dated May 15, 2001.  Are you okay with adding ECT Europe Finance, Inc. as an additional guaranteed party?

Thanks!

Marie  

 -----Original Message-----
From: 	Doukas, Tom  
Sent:	Wednesday, November 07, 2001 11:48 AM
To:	Shackleton, Sara
Cc:	Wall, David; Hemsley, Simon; Heard, Marie
Subject:	credit Guaranty

Sara,

I just left you a voice mail about this.

We need to amend the Bear guaranty to cover the new ECT Europe Finance that we moved the Anker positions into.  By amending the guanranty I can free up $2.5mm cash.

Please tell me if this can happen.

Thanks,

Tom