We have received an executed financial Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   August 21, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Entrada Energy Ventures, L.L.C.

Transactions Covered:  Approved for all products with the exception of: 
Foreign Exchange
          
Confirming Entity:  Enron North America Corp.

Choice of Law:  TEXAS


Special Note:  ENA owns 50 % of the voting outstanding equity of Entrada 
Ventures, L.L.C.