Thanks for the redraft!  I am looking at the agreement now.  Also, I thought 
you would be interested in Mark's comment.  I would like to use arbitration 
in lieu of jurisdiction.  Please make that change and forward to me.  I will 
mark up with comments.  Thanks so much for your help.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/04/2000 
11:16 AM ---------------------------


Mark Elliott
05/04/2000 03:19 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:  
Subject: Re: ISDA Agreements governed by English law  

The Enron policy for our English law Master is for arbitration - although I 
have to say, for purely financial contracts, I myself always prefer the 
Courts.

Kind regards

Mark  



Sara Shackleton
04/05/2000 01:00
To: Mark Elliott/LON/ECT@ECT
cc:  

Subject: ISDA Agreements governed by English law

Mark:  Thanks so much for your explanation earlier today.  Just one more 
question, please:  is arbitration or litigation the preferance under English 
law?  How often do you negotiate to the contrary?  Thanks.  Sara