Thanks, Stephanie ... I look forward to your reply in due course .. I guess
that your credit people are rather tied up at the moment.

Regards, David

David Fransen
Vitol SA Geneva
Tel : 00-41-22-322-1111

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-----Original Message-----
From: Stephanie.Panus@enron.com [mailto:Stephanie.Panus@enron.com]
Sent: 29 October 2001 15:17
To: DBF@Vitol.com
Subject: RE: Vitol/Enron ISDA


Our Credit Dept is currently reviewing your comments.  I will check with
them and let you know something.

Stephanie Panus
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803C
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490
email:  stephanie.panus@enron.com

    -----Original Message-----
   From:   David Fransen <DBF@Vitol.com>@ENRON
   Sent:   Saturday, October 27, 2001 3:31 AM
   To:     Panus, Stephanie
   Cc:     Gilbert Widmer; Keith Swaby; Martha Garrison
   Subject:  Vitol/Enron ISDA

   Hi, Stephanie,

   I wanted to check where we are on the ISDA ... we sent you a proposal at
   the
   end of Sept, and you and I have exchanged a couple of emails since then,
   but
   overall I believe that the ball is still ' in your court'.  Is this
   correct?

   Regards, David

   David Fransen
   Vitol SA Geneva
   Tel : 00-41-22-322-1111

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