Gary has authorized on-line FX trading with JP Morgan Chase.  We have an existing Master Agreement with Chase and would be extending our relationship to include Online Currency Trading.  Chase is a major trading partner for the Rate & Currency group. 

Sheila

-----Original Message-----
From: Shackleton, Sara 
Sent: Monday, October 01, 2001 11:30 AM
To: Glover, Sheila
Cc: Heard, Marie
Subject: FW: Access Agreements


Sheila:  Please send your usual message on this one.  I assume it is for ECT Investments Inc.
Thanks.  Sara

-----Original Message-----
From: Dallmann, Shane 
Sent: Monday, September 24, 2001 8:45 AM
To: Shackleton, Sara
Subject: FW: Access Agreements


Sara,

We are setting up access to JP Morgan's online FX system. These are the documents they sent us to get signed before they will give us access. Are you the correct person to send them to?

Regards,
Shane

-----Original Message-----
From: CLAIRE.BURLEY@chase.com [mailto:CLAIRE.BURLEY@chase.com]
Sent: 18 September 2001 17:36
To: Dallmann, Shane
Subject: Access Agreements



---------------------- Forwarded by Claire Burley/CHASE on 18/09/2001 17:35
---------------------------


Tracey Tommasini
18/09/2001 13:37

Legal Department  +44 (0)20 7777 4880    Fax Number: +44 (0)20 7777 4758

To:   shane.dallman@enron.com
cc:   Claire Burley/CHASE@CHASE, Anna Bell-Booth/CHASE@CHASE
Subject:  Access Agreements

At the request of Claire Burley, attached please find the:

          Access Agreement
          ChaseFX - Electronic Trading Service
          Additional Terms Covering FX Transactions
          Authorized Users - Single FX Trade
          NetMatch Schedule
          NetMatch Authorized Users

between Enron North America and The Chase Manhattan Bank.

Please  note  that the attached documents can be viewed and printed but not
edited.  Please print, review and complete the Address for Notices which is
located  on page five of the Access Agreement as well as the Designation of
Authorized   Users   Form(s)   and  have  an  authorized  officer  of  your
organization  sign  each  of  the  agreements  and return two (2) hard copy
executed agreements to the attention of Tracey Tommasini, Legal Department,
The Chase Manhattan Bank, 125 London Wall, London  EC2Y 5AJ, United Kingdom
for further execution.

Please provide an incumbency certificate signed by the Corporate Secretary
for the person or persons who sign the agreements and form.

Should  you have any questions, please contact Andrew Hamper on +44 20 7777
1803.

Tracey Tommasini
Assistant

1.   (See attached file: Access Agreement (US law).doc)
2.   (See attached file: Chase FX Electronic Trading Service.doc)
3.   (See attached file: Additional FX Terms.doc)
4.   (See attached file: Authorized Users-Single FX Trade.doc)
5.      (See    attached    file:   NetMatch   Schedule   with   Settlement
Instructions.doc)
6.     (See  attached  file:  NetMatch  Authorized  Users  with  Settlement
Instructions.doc)