Lissa:

Enron Corp. does not give unlimited guaranties.  The amount will be determined by our Credit Department based upon the credit in your draft ISDA.

Marie

 -----Original Message-----
From: 	"Rosenthal, Lissa" <lissa.rosenthal@csfb.com>@ENRON [mailto:IMCEANOTES-+22Rosenthal+2C+20Lissa+22+20+3Clissa+2Erosenthal+40csfb+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Friday, August 24, 2001 10:10 AM
To:	Heard, Marie
Subject:	RE: ISDA Master Agreement

Marie,

One more quick question.  In line 1 (b) below in the guaranty, the cap
amount of the guarantee was left blank.  Is Enron willing to not cap the
guaranty amount, or does this term still need to be negotiated?  Thanks,

 - Lissa

"1 (b)  The aggregate amount covered by this Guaranty shall not exceed U.S.
$________."

-----Original Message-----
From: Heard, Marie [mailto:Marie.Heard@enron.com]
Sent: Thursday, August 23, 2001 4:37 PM
To: lissa.rosenthal@csfb.com
Subject: ISDA Master Agreement


Lissa:

I must be having problems with my e-mail as I tried to reply to yours
and was told it couldn't be delivered, so that's why I'm sending you a
new one rather than a reply.

Attached is the proposed form of guaranty that Enron Corp. will provide.
ECT Investments would only collateralize above the threshold, since you
would have a guaranty for the rest.

We look forward to receiving your schedule.

Marie

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com


				 <<csfbguar(ect inv.).doc>>


**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.