David,

We continue to wait for word from you on the availability of additional 
financial information to review Glencore International AG.  We are looking 
for similair information to that which was provided S&P.  Without such 
information, a limited global credit line  will be allocated per your 
direction.

Sara, I believe we should holdoff preparing executable documents until we 
hear back from David.  That way, we can include in a single amendment those 
changes I referenced in my credit worksheet.

thanks
brant



 -----Original Message-----
From:  Sayre, Frank  
Sent: Thursday, March 01, 2001 3:27 PM
To: David.Porter@glencore-us.com
Cc: Sara Shackleton@ECT; Reves, Brant
Subject: Amendment Document

David - Per our telephone conversation of earlier today, please find the 
document amending the ISDA Master Agreement dated July 11, 1994 between 
Glencore Ltd. and Enron Capital &Trade Resources Corp.  Please give me a call 
if you have any questions (713-345-7894).  Frank

 << File: glencore amendment.doc >>