Hi, Diane!

Here's Leslie's e-mail with the revised paragraph.  She said that the revision is "Acknowledgement of relation transactions".  Let me know if you have any questions or need anything else.

THANKS!!!!!

Marie


 -----Original Message-----
From: 	Hansen, Leslie  
Sent:	Thursday, November 08, 2001 12:51 PM
To:	Heard, Marie
Subject:	FW: Proposed Confirmation Language


Marie:

Can you please forward the following paragraph to the confirm desk and ask them to revise confirmationYH2566.1, YH2564.1 and YH2567.1 by replacing the first full paragraph on page 2 of each of the three confirmations (replacing the paragraph that begins "Each of the parties to this Agreement recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon . . . ") with the paragraph that follows.  When they have completed the revision, please ask them to reissue the confirmations to Bank of Montreal and Reliant, respectively.  Please ask the confirm desk to send a copy of the Bank of Montreal confirm to Diane Bruning in the legal department IN ADDITION TO Bank of Montreal's confirmation group.  Diane's fax number is 646-366-1724.  

Thanks

Leslie

Here's the new paragraph:

Each of the parties to this Transaction recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon contemporaneous, offsetting and related Transactions which were entered into between Reliant Energy Services, Inc. and Enron North America Corp., and Enron North America Corp. and Bank of Montreal, on the Trade Date, contemporaneously herewith. The effectiveness of this Transaction shall be subject to the condition that Bank of Montreal and Enron North America Corp., and Enron North America Corp. and Reliant Energy Services, Inc. entered into offsetting and related Transactions, contemporaneously on the Trade Date.
 -----Original Message-----
From: 	SStofer@reliant.com@ENRON  
Sent:	Thursday, November 08, 2001 11:41 AM
To:	Hansen, Leslie
Subject:	Proposed Confirmation Language


Hello, Leslie:

Dede Russo requested that I e-mail the attached language to you for review.

Please let me know if you approve or have comments.

Thanks very much!

Sherry Stofer
(713) 207-5893

(See attached file: Ring Trades-Bank of Montreal-Enron NA 11-8-01.doc)

 - Ring Trades-Bank of Montreal-Enron NA 11-8-01.doc