Paul:
Please confirm that the credit terms for the AIG ISDA drafts are the same as 
the credit terms that we used in the Deemed ISDA.



-same independent amount language 
-no collateral thresholds 
-same cross default thresholds
-existing Enron Guaranty will remain in place 
-same Additional Termination Events for AIG with no cure; no additional 
termination events for ENA  

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com