Wanda,

In response to your fax of 1/12,  a draft of a Master between HPL and Admas 
was previously sent in 1999.  I have attached this same draft for your 
review.  Please give me a call after you have had an opportunity to reivew 
this draft.    No additional  agreements are necessary for online trades.   




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