Edmund,

Below is the standard information we always have in every email when we get a 
master swap agreement executed.  With this email Global Counterparty can open 
the counterparty. We then immediately send the master swap agreement and 
other documentation down in the attached memo.    If we get the master in 
signed but we're waiting on critical additional documentation  (like the 
guaranty or perhaps a legal opinion on a governmental) we hold off on sending 
the email.  Sometimes the file may not be complete because we are waiting on 
incumbency certificates (which we do not consider critical in most 
circumstances) so we may send the email, send down whatever executed 
documentation we have, while we wait on the certificates.  We used to wait to 
send the executed documents down until we had the whole package completed, 
but they can't approve the counterparty without getting the master.  Does 
this make sense?...

I am now going to look for one with special instructions...

Below is my standard memo to Global Contract with any kind of executed 
documents I send down to them.  Also, a new procedral thing that is evolving 
here in Houston, we used to send Global Contracts the originally executed 
guarantees, but Credit is not the gatekeeper and recordkeeper of all 
guarantees so we will be sending the originals to them in the future (with a 
copy in the Global Contract file)


----- Forwarded by Tana Jones/HOU/ECT on 06/01/2000 10:56 AM -----

	Susan Flynn
	04/22/2000 10:52 AM
		 
		 To: Jefferson D Sorenson/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R 
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, 
Chris Walker/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT, Pamela 
Sonnier/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT, Harry 
Bucalo/HOU/ECT@ECT, Charlie Hoang/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, William 
S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia 
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod 
Nelson/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John 
Suttle/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Molly 
Harris/HOU/ECT@ECT, Christopher Smith/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, 
Molly Harris/HOU/ECT@ECT, Kevin P Radous/HOU/ECT@ECT, Veronica 
Espinoza/Corp/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Marie 
Heard/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Tana 
Jones/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Mary 
Solmonson/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT, Yolanda 
Cordova-Gilbert/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT, Lynn E 
Shivers/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, 
Jason Moore/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, 
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Julie 
Meyers/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Bernice 
Rodriguez/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, 
Willie Harrell/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Carrie 
Southard/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, 
Lisa Gillette/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan 
Patel/Corp/Enron@ENRON
		 cc: 
		 Subject: The Tranzonic Companies

 We have received the following executed Master Agreement:

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

Effective Date:  March 21, 2000

Enron Entity:  Enron North America Corp.

Counterparty:  The Tranzonic Companies

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