Attached is the latest draft of the Asset Management Agreement between Enron 
and NCPH.  Please forward any comments you may have to me.

Thanks,

Heather
 -----Original Message-----
From:  "Jay Sonnenberg" <jsonnenberg@bracepatt.com>@ENRON 
[mailto:IMCEANOTES-+22Jay+20Sonnenberg+22+20+3Cjsonnenberg+40bracepatt+2Ecom+3
E+40ENRON@ENRON.com] 
Sent: Thursday, May 10, 2001 7:58 PM
To: Bob.Percopo@AIG.com; christopher.lee@AIG.com; Michael.Walsh@AIG.com; 
Jgrushkin@milbank.com; wbice@milbank.com
Cc: Clark Thompson; Kroll, Heather; ozzie.pagan@enron.com; 
steve.van.hooser@enron.com; Zisman, Stuart
Subject: Asset Management Agreement

Attached please find clean and black-lined versions of the Asset Management 
Agreement (marked to show changes against MTH&M's draft of 5/4/01).

Please note that these attachments have not been reviewed by ENA and, 
accordingly, remain subject to such final approval.

Best regards,

Jay



Jay Sonnenberg
Bracewell & Patterson, L.L.P.
711 Louisiana St., Suite 2900
Houston, TX  77002-2781
(713) 221-1417 (Ph)
(713) 221-2158 (Fax)



 - #1142119 v10 - ASSET MANAGEMENT AGREEMENT.doc
 - #1142119 vRED - ASSET MANAGEMENT AGREEMENT.doc