We have received the following financial Master Agreement:

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

Effective Date:			March 9, 2001

Enron Entity:			Enron North America Corp.

Counterparty:			Catequil Partners, L.P.

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

Confirming Entity:		Enron North America Corp.

Governing Law:			New York

Special Handling Requirement:	Counterparty has five (5) Local Business Days after a confirmation was effectively received by it to accept or dispute a confirmation.

Copies will be distributed.