Ms. Jones,

Please see the attached Non-disclosure agreement.  I made a very minor
change.  Call or e-mail me if you have any questions.

Thanks,
Chris Concannon
VP, Business Development
The Island ECN, Inc.
212-231-5009

-----Original Message-----
From: Rodney Faragalla [mailto:rfaragalla@island.com]
Sent: Monday, July 31, 2000 10:31 AM
To: 'Tana Jones'
Cc: 'John Pavetto'; crc@island.com
Subject: RE: Island ECN Inc. Confidentiality Agreement


Ms. Jones,

I was not aware that the agreement was not executed.  I have forwarded this
message on to our VP Business Development for review.

If you do not hear from anyone in the next few days, please do not hesitate
to contact me.

Regards,

Rodney A. Faragalla
VP of Operations
The Island ECN, Inc.
50 Broad Street, 6th Floor
New York, NY 10004
Phone (212) 231-5032
Fax (212) 487-2983

-----Original Message-----
From: Tana Jones [mailto:Tana.Jones@enron.com]
Sent: Monday, July 31, 2000 10:22 AM
To: rodney@island.com
Cc: John Pavetto
Subject: Island ECN Inc. Confidentiality Agreement




Mr. Faragalla,

I am checking on your review of the Confdientiality Agreement referenced in
our
earlier email below.   When might we expect to hear some comments from you?
Please let me know.
----- Forwarded by Tana Jones/HOU/ECT on 07/31/2000 09:19 AM -----
|--------+----------------------->
|        |          Tana Jones   |
|        |                       |
|        |          07/12/2000   |
|        |          05:18 PM     |
|        |                       |
|--------+----------------------->

>---------------------------------------------------------------------------
-|
  |
|
  |       To:     rodney@island.com
|
  |       cc:     Louise Kitchen/HOU/ECT@ECT, John Pavetto/Corp/Enron@Enron
|
  |       Subject:     Island ECN Inc. Confidentiality Agreement
|

>---------------------------------------------------------------------------
-|



Please find attached a copy of the referenced Confidentiality Agreement.
Please
call me at (713) 853-3399 if you have any comments or questions.  If the
agreement meets with your approval, please have an authorizied officer of
the
company execute it and return the signed document to me at the fax number
below.
Thanks for your attention herewith.

(See attached file: islandECN.doc)

Tana Jones
Paralegal
Ph:  (713) 853-3399
Fax:  (713) 646-3490


 - Enron Island NDA.doc