Barbara,

I am forwarding to you today a fully executed GISB for your client.  Also,  
what is the status of your review of the Master Agreement?  Do you wish to 
proceed with this agreement?  Please advise at your convenience.


Best regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490