Tanya:  Please see page 7 of the attachment (Par. 5, part C) regarding 
setoff.  ENA was about to have this agreement executed just as I received 
your email.  I'll call you after 5 pm.  We need to discuss today.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/31/2001 04:07 PM -----

	Nancy.K.Callahan@chase.com
	05/31/2001 01:45 PM
		 
		 To: Sara.shackleton@enron.com
		 cc: Gennaro.Contella@chase.com
		 Subject: Enron Global Custody and Clearance Agreement


As requested, attached is the final Agreement which I believe reflects the
revisions we discussed this morning.  If this is acceptable, please have
the Agreement executed on behalf of Enron and return the necessary
counterparts to me for signature by Chase.  I will then return fully
executed copies to you.
(See attached file: Enron.doc)
 - Enron.doc