Please note the following addition to the credit reserve:

Counterpary:	El Paso Merchant Energy, L.P.
Enron Entity:	EPMI
Deal#:		750378
Deal Date:	8/27/01
Term:		1/1/11 to 12/31/12
Deal Type:	25MW/h, on-peak, EPMI sale
Marketer:	Matt Motley

Reserve Amount:  $20,000.00

RAC - Confirmed under Master Power Purchase and Sale Agreement dated 3/1/01.

Please let me know if you should have any questions on the above.

Rgds,

Ed Sacks
(713) 345-7712