Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/15/2001 02:56 PM -----

	John Malowney/ENRON@enronXgate
	05/14/2001 09:55 AM
		 
		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: 
		 Subject: FW: ISDA

Sara, some time ago we forwarded Louisiana-Pacific (L-P) an ISDA for their 
review and consideration.  They have responded with the following comments.  
Can you give me a hand in addressing them?  John 

 -----Original Message-----
From:  "Roger Dieringer" <Roger.Dieringer@LPCorp.com>@ENRON 
[mailto:IMCEANOTES-+22Roger+20Dieringer+22+20+3CRoger+2EDieringer+40LPCorp+2Ec
om+3E+40ENRON@ENRON.com] 
Sent: Wednesday, May 09, 2001 11:49 AM
To: Malowney, John
Subject: ISDA


John,
 
Listed  below are several issues we need to have addressed prior to signing 
the  agreement!
 
1)  Curt Stevens name is consistently  misspelled throughout the documents. 
We should also be sure that our new  corporate address is used.  805 SW 
Broadway, Suite 1200,  Portland, Oregon 97205-3303.
 
2)  Enron doesn't like late payments or early termination of their 
agreements.  Interest on amounts owing is compounded daily.  John - this 
needs to be changed.  What other decent  arrangements can be put in here.  (I 
thought only loan sharks compounded  daily?)
 
3)  Part 3 of the Schedule to the Master Agreement should be amended to 
provide that  LP may satisfy its obligation to provide updated financial 
information by  posting it to EDGAR or on the web. Enron now has that  
ability.
 
4) We  don't have the 1991 ISDA Definitions or the 1993 ISDA Commodity 
Derivatives  Definitions cited in Parts 5 and 6 of the Schedule to the Master 
Agreement. I  wasn't able to locate them on the web. We will need these 
provide  to LP.
 
5) The  Credit Support Annex is designed to apply to ISDA Agreements subject 
to New York  law. Our Agreement is subject to Texas law. We may not have  the 
proper form.
 
Let me know at your convenience.
 
Thanks
Roger