Ms. Shackleton:

Attached is the standard SIA Form 151 "Agreement for Prime Brokerage
Clearance Services" between First Union Securities, Inc. and Enron Credit
Inc. that we discussed. If you have any questions or concerns, please don't
hesitate to contact me.

Thank you for your help,

Regan Grice
Corporate & Investment Banking, Documentation
Phone: 1-800-735-1470 or 704-593-7024
Fax: 704-593-7032
regan.grice@wachovia.com


 <<Enron Credit 151.doc>>

 - Enron Credit 151.doc