We have received the following executed financial master agreement:

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

Effective Date:				September 11, 2001

Enron Entity:				Enron North America Corp.

Counterparty:				City of Glendale

Transactions Covered:			Approved for all products with the exception of:  Foreign Exchange

Confirming Entity:			Enron North America Corp.

Governing Law:				New York

Special Handling Requirements:	Please note that only transactions having terms that expire BEFORE June 30, 2002 can be documented under this ISDA Master Agreement.

Copies will be distributed.