Kelly,

At the behest of Tori Kuykendall,  I have prepared a draft of Enron North 
America Corp.'s GISB for your review.  Please do not hesitate to contact me 
with your questions and or comments regarding the attached.



Regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490