RE: GISB ,
 Victoria,

Now it is my turn to apologize for a late response.  Having said that, I have 
reviewed your remarks regarding the GISB my comments are as  follows:

Section 1.2   Transactions may be negotiated orally or online.  In either 
case Enron will  send a written confirmation via fax or electronic for  the 
trade.  I hope this helps in clearing any confusion regarding the oral 
designation in Section1.2.

Section 7.2 With regards ACH, I am waiting on a response from my accounting 
dept.

Section 13.5 Concerning jurisdiction we will agree to  New York.


Please let me have your thoughts regards these issues.

Regards,  
Debra Perlingiere
Enron North America Corp.
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490
victoria_crossin@nstaronline.com