"Other Provisions: On each Payment Date, [ENA] shall pay [a fee of] [an 
amount equal to] USD{38,000?], which amount shall be subject to the netting 
                                                 provisions of the [Master 
Agreement - how do you refer to the agreement?]"


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
----- Forwarded by Sara Shackleton/HOU/ECT on 03/02/2001 02:20 PM -----

	Sara Shackleton
	03/02/2001 02:10 PM
		 
		 To: Larry Joe Hunter/HOU/ECT
		 cc: 
		 Subject: ISDA language:  see if you like the way this looks

"Calculation of Floating Amount: The Floating Amount payable by [ENA] on a 
Payment Date will be calculated for that Payment Date as follows:
     
    Floating Amount = (Notional Quantity per Calculation Period X Floating 
Price) - USD[38,000?]

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