Bob and Tanya:

ENA received a termination notice dated December 11, 2001 from Tribune of the 8/21/97 ISDA Master Agreement and all outstanding transactions.  The Early Termination Date is December 12, 2001.

The Tribune claims it owes no payment but is seeking return of $34,000,000 in "damages."

We need to identify all trades and identify the Settlement Amount for our response to them.  Are we holding any margin? 

Please call to discuss.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490