Alan:		

Veronica Espinoza has made changes to Section 4.6 of the Master Agreement regarding thresholds and rounding as well as the Material Adverse section found in the definition section.  I have attached a redlined version for your consideration.

Please review the attached and let me have your thoughts regarding the enclosed.

 
Regards,
Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax