Harlan E. Murphy
Enron Wholesale Services - Legal
1400 Smith Street, EB 3811
Houston, Texas 77002
Tel: 713.345.2679
Fax: 713.646.3490
E-mail: Harlan.Murphy@Enron.com

 -----Original Message-----
From: 	"David C Rosen" <drosen@cgsh.com>@ENRON  
Sent:	Tuesday, November 27, 2001 3:05 PM
To:	Murphy, Harlan; Cook, Mary
Cc:	john.powers@americas.bnpparibas.com; Lech.Kalembka@cwt.com; shaun.pacious@americas.bnpparibas.com; Edward J ROSEN; Penny Christophorou
Subject:	Interim Draft of x-affiliate netting agreement


Ladies and Gentlemen:

I have attached a clean version of the Master Netting, Setoff and Security
Agreement , a cumulative redline against the draft distributed by Harlan
last night, and an incremental redline again my earlier distribution
reflecting BNP Paribas' additional comments as well as our 11:30 call.

Yours truly,

David Rosen
Not yet admitted to the bar

Temporary Location Information:
Cleary Gottlieb Steen & Hamilton
153 E. 53rd Street (Citigroup Center)
38th Floor
New York, NY 10022

Phone: (212) 572-5398
Voicemail: (212) 572-5202 x2532
Mobile: (646) 479-3283
Fax: (212) 572-5399
Email: drosen@cgsh.com; dcrosen@home.com

(See attached file: incremental redline.doc)(See attached file: Cumulative
redline.doc)(See attached file: X-Affil Netting Agreement v.3.doc)

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 - incremental redline.doc 
 - Cumulative redline.doc 
 - X-Affil Netting Agreement v.3.doc