 ,
 As we discussed, enclosed is the standard choice of law provision of our ISDA 
schedule, red-lined to show how the statutory reference might be worded.  
Mark Taylor and I are interested in your thoughts on the matter. -- Bob


Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com
dmitchel@cwt.com