To All:

Now that we have executed this ISDA, we are OK to open the counterparty for 
EOL trades as follows:

Financial transactions ONLY for products as covered in the ISDA.

Thanks
Russell


 -----Original Message-----
From:  Panus, Stephanie  
Sent: Thursday, May 24, 2001 10:38 AM
To: Bowen, Bob; Adams, Laurel; Guillen, Andrea; Hunter, Larry Joe; Heaney, 
Gordon; Aguayo, Janie; Bailey, Derek; Anderson, Diane; Tackett, Scott; 
Cisneros, Celeste; Brewer, Julie; Fischer, Jason; Garcia, Jorge; Hundl, 
Kimberly; Ornelas, Bianca; Murphy, Melissa Ann; Seib, Dianne; Theriot, Kim; 
Bell, Jean; Cason, Sharen; Whalen, Melinda; Piwetz, Stephanie; Rodriguez, 
Melissa; Williams, Tiffany; Bradford, William S.; Brackett, Debbie R.; 
Rohauer, Tanya; Reves, Brant; Diamond, Russell; Campbell, Lesli; Lebrocq, 
Wendi; Sacks, Edward; Espinoza, Veronica; Gonzalez, Veronica; Radous, Paul; 
Williams, Jason R (Credit); Johnson, Rudwell; Vanek, Darren; Rajaram, Aparna; 
Conwell, Wendy; Curry, Ken; Moran, Tom; Mendoza, Nidia; Brown, Angela Y.; 
Ngo, Tracy; Colbert, Marilyn; Ellstrom, Diane; Shivers, Lynn; Hare, Bill D.; 
Reeves, Leslie; Moore, Jason; Schott, Samuel; Campos, Anthony; Rodriguez, 
Bernice; Neuner, Dale; Lambert, Karen; Davis, Frank L.; Southard, Carrie; 
Ebow, Amber; Richardson, Stacey; Lees, Lisa; Gerard, Camille; Landau, Georgi; 
Johnson, Cheryl; Sever, Stephanie; Crawford, Sharon; Sietzema, Linda; Hendry, 
Brent; Shackleton, Sara; Taylor, Mark; Bailey, Susan; Cook, Mary; Jones, 
Tana; Leite, Francisco Pinto; Nelson, Cheryl; Sayre, Frank; Davis, Angela; 
Keiser, Holly; Heard, Marie; Indelicato, Kimberly
Subject: Engage Energy America LLC

We have received an executed financial Master Agreement:

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

Effective Date:   March 26, 2001

Enron Entity:   Enron North America Corp.

Counterparty:   Engage Energy America LLC

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

Confirming Entity:  Enron North America Corp.

Governing Law:   New York


Copies will be distributed.

Stephanie Panus