Whomever  would like to add to their list can see me.  Thanks.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/10/2000 
08:44 AM ---------------------------


Tanya Rohauer
03/10/2000 07:22 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Jeff Harbert/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT 
Subject: Re: Tembec Inc.  

I have no credit objections to the assignment.



Sara Shackleton
03/09/2000 03:58 PM
To: Tanya Rohauer/HOU/ECT@ECT
cc: Jeff Harbert/HOU/ECT@ECT, Marie Heard/HOU/ECT 
Subject: Tembec Inc.

By letter dated 3/9/00, Tembec Inc. has requested the transfer of "Contract 
No. EJ7774.1" dated 3/23/98 to the National Bank of Canada pursuant to 
Section 7 of the ISDA Master, to be effective April 1, 2000, but with Q1 
payment to be made to Tembec.  We do have a master with the National Bank of 
Canada.  Please let us know if this transfer is approved.  SS