Frank:
Can you handle this counterparty?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 04/25/2001 04:05 PM -----

	Stephanie Panus@ENRON
	04/25/2001 03:58 PM
		 
		 To: Susan Bailey/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
		 cc: 
		 Subject: ISDA Agreement


Please see attached from International Paper.  They are asking us to consider 
their form of Master Agreement.

----- Forwarded by Stephanie Panus/NA/Enron on 04/25/2001 03:57 PM -----

	"Regina M Ochev" <Regina.Ochev@ipaper.com>
	04/25/2001 03:55 PM
		 
		 To: Stephanie.panus@enron.com
		 cc: "Carlton J Charles" <Carlton.Charles@ipaper.com>
		 Subject: ISDA Agreement


Stephanie,

Per our conversation, attached is IP master ISDA agreement and
supplementary schedules.  Please let me know if you have any questions or
comments.

Thank you,

Regina

(See attached file: ISDA schedule.doc)(See attached file: section13.doc)
 - ISDA schedule.doc
 - section13.doc