Message-ID: <20652342.1075860222055.JavaMail.evans@thyme>
Date: Fri, 16 Jun 2000 07:29:00 -0700 (PDT)
From: david.minns@enron.com
Subject: Deemed ISDA Agreements
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Mark further our discussion today on Deemed ISDAs in Australia. 6 Deemed ISDA 
Agreements were signed over the period late 1998 through to mid 1999. This 
was due to I believe an unwillingness on the part of Enron to enter into a 
ISDA Master Agreement that did not meet the then corporate requirements. I 
have commenced a program of replacing these Deemed ISDAs with full ISDAs. 
Apart from the obvious documentary issues, the status of a Deemed ISDA re EOL 
is somewhat uncertain.

To date we have 22 settled ISDAs including 5 Deemed ISDAs.(see attached 
list). The Deemed ISDA with RMB was replaced last month.