We have received the following executed Master Agreement:


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

Effective Date:   April 16, 1999

Enron Entity:   Enron North America Corp.

Counterparty:   Cargill, Incorporated

Transactions:   Approved for all products except:   pulp and paper and  
foreign exchange



PLEASE NOTE:  Counterparty has three (3) Local Business Days to accept or 
dispute a Confirmation.





Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490