Peter:
Just to give you the heads up.  BP has requested this from us in order for us to do some ring trades with them and Coral to reduce our exposure.  I have made some more comments to this and it will be circulated for signature sometime tomorrow.  Who should Marie Heard coordinate with?

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com

 -----Original Message-----
From: 	"Dixon, Billy D" <billy.dixon@bp.com>@ENRON  
Sent:	Wednesday, October  31, 2001 6:19 AM
To:	St. Clair, Carol
Cc:	Fountain, Tony; Byers, Cameron; Dewar, Jim; Hann, Steve; Kneen, Julianne M; Kolb, Fredrick T; Marz, Martin J; Maundrell, Richard C; McClanahan, Kenneth G; McDermed, Marguerite E.; Mellman, Oliver; Onstwedder, Jan-Peter; Ruitenschild, Joanne J; Shaw, Lynn L; Voinorosky, Michelle L; Werman, David A
Subject:	*Revisions to NA Master Netting Agmt

Dear Carol:

Per our discussions yesterday, attached for your review are a redlined and
clean version of the North American Master Netting Agreement.

Please call me as soon as you have had a chance to review the attached so
that we may (hopefully) finalize any outstanding points today.

Very truly yours,

BILLY
Billy D. Dixon
Attorney
BP America Inc.
501 Westlake Park Blvd., Rm 16.166
Houston, Texas 77079
Direct 281/366-4745
Fax 281/366-5901
billy.dixon@bp.com

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 <<BP Form NA Master Netting (10-31-01).DOC>>  <<RL NA MASTER 10-31-01.DOC>>


 - BP Form NA Master Netting (10-31-01).DOC 
 - RL NA MASTER 10-31-01.DOC