For those of you keeping track, Carrizo makes 475 master swap agreements.  
Conferring with Team Swap, we have at least 20 masters out or going out for 
sigature this week (including the 9 Merit Energy Partner masters).  Unlike 
the media in the Presidential Election, I hesitate to call this one an early 
win (especially after seeing the Board in Marie's office!), but I must say, 
Team Swap is looking strong. 
----- Forwarded by Tana Jones/HOU/ECT on 12/05/2000 03:44 PM -----

	Stephanie Panus@ENRON
	12/05/2000 08:39 AM
		 
		 To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R 
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT, 
Gordon Heaney/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Derek 
Bailey/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Kevin 
Meredith/Corp/Enron@ENRON, Scott Tackett/Corp/Enron@Enron, Celeste 
Cisneros/NA/Enron@Enron, William S Bradford/HOU/ECT@ECT, Debbie R 
Brackett/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod 
Nelson/LON/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, John Suttle/HOU/ECT@ECT, Russell 
Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Wendi 
LeBrocq/Corp/Enron@Enron, Edward Sacks/Corp/Enron@Enron, James L 
Copeland/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Veronica 
Gonzalez/HOU/ECT@ECT, Jane Wilhite/NA/Enron@Enron, Paul 
Radous/Corp/Enron@ENRON, Mary Solmonson/HOU/ECT@ECT, Marilyn 
Colbert/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT, Lynn E Shivers/LON/ECT@ECT, 
Bill D Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, 
Dianne Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Anthony 
Campos/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Mary G 
Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, 
Frank L Davis/HOU/ECT@ECT, Carrie Southard/LON/ECT@ECT, Amber 
Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Melissa Ann 
Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Bridgette 
Anderson/Corp/Enron@ENRON, Lisa Lees/HOU/ECT@ECT, Camille 
Gerard/Corp/Enron@ENRON, Georgi Landau/NA/Enron@ENRON, Brent 
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, 
Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, 
Samantha Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Tana 
Jones/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT
		 cc: 
		 Subject: Carrizo Oil & Gas, Inc.

We have received an executed financial Master Agreement:

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

Effective Date:   November 30, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Carrizo Oil & Gas, Inc.

Transactions Covered:  Approved for all products with the exception of:  
Pulp, Lumber & Paper,
          Foreign Exchange

Confirming Entity:  Enron North America Corp.

Governing Law:   Texas

Copies will be distributed.

Stephanie Panus
Enron North America Corp.