Dear Janet Wood,

Thank you for your email dated 27th September, 2001 concerning ISDA
Agreement between Nordea (Merita Bank Plc) and Enron North America Corp.

With reference to your email we confirm that a copy of the ISDA Agreement
between Merita Bank Plc and Enron North America Corp. can be released to you
for the purposes of preparing an ISDA Agreement between Nordea (Merita Bank
Plc) and Enron Capital & Trade Recources Ltd..

Should you have any questions please do not hesitate to contact me.

P.S. We would appreciate if you could confirm that ISDA Agreement is
superiority to electronic trading agreement behind Enrononline trading
system.



Regards,

Lauri Marttila
Merita Bank Plc
Debt Capital Markets
Tel. + 358 9 165 59258
Fax. + 358 9 627 956

Address: Fleminginkatu 27 A,
FIN-00020 Merita