We have received an executed financial Master Agreement:

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

Effective Date:   March 7, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Mercado Gas Services, Inc.

Transactions Covered:  Approved for all products with the exception of:  
Foreigh Exchange

Confirming Entity:  Enron North America Corp.

Governing Law:   Texas


Copies will be distributed.

Stephanie Panus