 ,
 With regards to our discussion on priority of contracts for 30 day firm 
transactions.  The system gives priority to Master Agreements over GISBs.   
All things equal,  a 30 day firm transaction will attach to the master before 
the GISB.

Hope this helps.

dp

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