First Union National Bank ("FUNB")/Enron Corp. ISDA Master ,
 Tanya:

For purposes of "Transfer", shall we permit both parties to transfer to 
Affiliates?  Would FUNB require a guaranty?  Or do we feel strongly that 
neither party should have the ability to transfer except with the written 
consent of the other party?



Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
tanya.rohauer@enron.com