=============
Page 1 of 1
=============

BENEFITS TO ENRON SUMMARY

Deal Name: Cuiaba - Extension Dollar Amount:
Date Completed: May 10, 2000
Description of Transaction: Extend the period for the step-up in return from 13% to
25% from May 10, 2000 to August 9, 2000.

Enron Business Unit Benefited: Enron South America

Did the deal result in a direct or indirect benefit to Enron: Direct
Primary Benefit:
  Allowed ESA more time to sell LJM2's equity interest
before L.1M2's return increased.

Funds Flow Direct:S1.0 million Funds Flow Indirect:
Earnings Direct: $ Earnings Indirect: $
Fees Saved : $

Other equity investors bidding on the transaction
1. None
2.
3.

* indicate whether our purchase was on the same terms as the other equity purchasers

Did the deal close with LJM? Yes
I f not, why?

*indicate whether the reason was driven by Enron or LIM.
Other benefits to Enron :

  Allowed Enron to keep project off balance sheet for longer period of time

Compiled by: Kathy Lynn

ASF CW 000713

EXH027-00023

GOVERNMENT
EXHIBIT
  1358
  Crim. No. H-04-25 (S-2)