My first question is...why do we want a master with MSCS and ENA when we 
already have one with MSCG?  Do we have any masters between Corp and any MSDW 
entity?  With respect to the Corp document, what types of deals are we going 
to do under it?  If it is Enron stock stuff, I think we should go for $50MM.  
Let me know your thoughts.  Thanks




From: Sara Shackleton on 12/11/2000 05:36 PM
To: Tanya Rohauer/HOU/ECT@ECT
cc: Rod Nelson/LON/ECT@ECT 
Subject: Morgan Stanley Capital Services Inc. ("MSCS")

Tanya:

Both ENA (rate) and Enron Corp.(equity forwards)  are seekig master 
agreements with MSCS. Rod prepared a credit worksheet for the ENA agreement 
in June, 2000 and I will fax a copy to you separately.

(1)  With respect to the ENA master, is the ENA credit worksheet still 
current or does it need to be changed?

(2)  With respect to the Enron Corp. master (which will not have a CSA or an 
Enron Corp. guaranty), what cap should we request from Morgan Stanley Dean 
Witter & Co.?  Should it be $25MM as requested in the ENA document?

Please let me know.