We have received the following executed Master Agreement:  Type of Contract:  ISDA Master Agreement (Multicurrency - Cross Border)  Effective Date:   08/14/94  Executed Date:   05/11/00  Enron Entity:   Enron North America Corp.  Counterparty:   J. Aron & Company  Transactions Covered:  All products, except pulp & paper   Please note the following:  1.
This ISDA Master Agreement supersedes and replaces the Master Energy Price  Swap Agreement with the referenced Counterparty dated as of   03/09/93.
2.
Incorporated is the ISDA Master Agreement is the consent to the assignment  by Columbia Energy Services Corporation ("CES") to ENA of the financial   transactions between CES and J. Aron & Company.
3.
J. Aron & Company is the Calculation Agent and Confirming Agent under the  ISDA Master Agreement.

J. Aron & Company