BETA & Fee Agreement - GFI Group, Inc. ,
 At the request of Bob Shults, I am attaching our proposed form of Broker 
Electronic Transaction Agreement and Fee Agreement.   If the enclosed meets 
with your approval, please execute the agreements and return them to me via 
fax no. (713) 646-3490.  I will then have them executed by Enron.  If you 
have any comments or questions please call Mark Greenberg, Senior Counsel, at 
(713) 345-8897 or me at (713) 853-3399.  We look forward to hearing from you.
don@gfigroup.com