See attached guaranty forms with proposed revisions to expressly make the guaranties continuing and to provide that the caps are not affected by collateral held or applied by Counterparty/Enron.  Please advise of any comments or thoughts.

 





Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com