September 7, 01


Mr. Richard B. Buy
EVP & Chief Risk Officer
Enron Corporation
1400 Smith Street - 50th Floor
Houston, Texas 77002-7361

Re:  Reception & Dinner on
     October 24, 2001 in Houston, Texas

Dear Mr. Buy:

Following up on our earlier "Save the Date" invitation, I  am pleased to
confirm that HVB's reception and dinner will take place

               Wednesday, October 24, 2001

               06:30 PM       Cocktails
               07:30 PM       Dinner

               The Houstonian
               111 North Post Oak Lane
               Houston, Texas 77024
               713-680-2626

               "Juniper" Room"

Stephan Bub, a member of HVB Board of Directors and CEO of HVB America and
Asia will host the event. Other senior officers from Munich and New York
will attend as well. I look forward to your attendance..

Sincerely Yours,


Yoram Dankner


Please RSVP:        Ellen Prendergast at:
               Phone: 212-672-5663; Fax: 212-672-5530
               Ellen_Prendergast@hvbamericas.com