---------------------- Forwarded by Nancy K Callahan/CHASE on 05/25/2001
11:50 AM ---------------------------

 (Embedded     Nancy K Callahan
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Legal  (212)552-7951    Fax Number: (212)383-0246

To:   sara.schackleton@enron.com
cc:
Subject:  Global Custody and Clearance Agreement

Please see attached last revision of this Agreement.  Please confirm that
this reflects the changes we agreed upon and if so I will e-mail you a
final execution version.  Thanks.
(See attached file: Enron.doc)


 - pic15802.pcx
 - pic21727.pcx
 - Enron.doc