Brokerage Agreements ,
 We have received the following executed Agreements:

1) Clearance Agreement for Executing Prime Brokerage Transactions between ECT 
Investments, Inc. and Lehman Brothers, dated as of December 12, 2000; and

2) Clearance Agreement for Executing Prime Brokerage Transactions between 
Enron North America Corp. and Lehman Brothers, dated as of December 12, 2000.

If you have any questions, please call me at x53249.

Stephanie Panus
anthony.campos@enron.com, samantha.boyd@enron.com, cheryl.nelson@enron.com, 