We have received an executed financial Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   September 13, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Compania Minera Autlan, S.A. de C.V.

Transactions Covered:  Approved for all products with the exeception of: 
Foreign Exchange
          Pulp, Lumber & Paper

Confirming Entity:  Enron North America Corp.

Governing Law:   Texas

Copies will be distributed.

Stephanie Panus