Mr. Schiff,
Attached for your review is the proposed form of Enron Corp. Guaranty, which will guarantee the obligations of Enron North America Corp. and Enron Capital & Trade Resources International Corp. under their respective agreements with Carr Futures Inc.

 
Stephanie Panus
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803C
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490
email:  stephanie.panus@enron.com