For the time being Sara is handling the Swap Master Agreements for South 
America since they are ENA transactions.



To: Andrea Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  
Subject: Capex

Attached is credit terms for Capex master trading contract (per Julian's 
request).



Andrea,

I hoped your credit questions were answered concerning adequately in the 
recent contract negotiations with Pluspetrol.  I apologize if I wasn't 
sufficiently responsive.  I'm working on unloading other responsibilities so 
that I can focus purely on Southern Cone.  

Rod