Dear Team,

Attached is the updated price forecasts of the forest products commodities.

Following analyst's forecasts have been updated:

BMO Nesbitt Burns
CIBC World Markets
CSFB
Salman Partners

If you have any questions, please let me know.

Thanks,

Stacey

Stacey L. Wales

Stacey Wales
Origination Transaction Support
Enron Industrial Markets
713-345-7186