Edgar Filing: SCOTTISH POWER PLC

Form U-6B-2

As Filed with the Securities

and Exchange Commission

on November 15, 2004

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.

FORM U-6B-2

Certificate of Notification

Filed by a registered holding company or subsidiary thereof pursuant to Rule U-20-(d) [Reg. Section 250.20, P. 36,652] or U-47 [Reg. Section 250.47, P. 36,620] adopted under the Public Utility Holding Company Act of 1935

Certificate is filed by: Scottish Power plc, PacifiCorp and subsidiaries

This certificate is notice that the above named company has issued, renewed or guaranteed the security or securities described herein which issue, renewal or guaranty was exempted from the provisions of Section 6(a) of the Act and was neither the subject of a declaration or application on Form U-1 nor included within the exemption provided by Rule U-48 [Reg. Section 250.48, P. 36,621].

1.	Type of security or securities (“commercial paper” and “promissory notes”): See Schedules I & II included herewith.

2.	Issue, renewal or guaranty: (New Issues) Short-Term Promissory Notes represent cash advances directly from the Intercompany Loan Agreement and Umbrella Loan Agreement. In addition, PacifiCorp issued Commercial Paper.

3.	Principal amount of each security: See Schedules I & II included herewith.

4.	Rate of interest per annum of each security: See Schedules I & II included herewith.

5.	Date of issue, renewal or guaranty of each security: See Schedules I & II included herewith.

6.	If renewal of security, give date of original issue: Not applicable.

7.	Date of maturity of each security: See Schedule I included herewith.

8.	Name of the person to whom each security was issued, renewed or guaranteed: Short-term promissory notes are issued by PacifiCorp, PacifiCorp Group Holdings Company and affiliates. Commercial paper issued to customers of various dealers. See Schedule I included herewith.

9.	Collateral given with each security, if any: None.

10.	Consideration received for each security: For debt, consideration is proceeds amount.

11.	Application of proceeds of each security: General corporate funds for use in ordinary course of business.

12.	Indicate by a check after the applicable statement below whether the issue, renewal or guaranty of each security was exempt from the provisions of Section 6(a) because of:

the provisions contained in the first sentence of Section 6(b):

the provisions contained in the fourth sentence of Section 6(b):

the provisions contained in any rule of the commission other than Rule U-48: /x/

13.

If the security or securities were exempt from the provisions of Section 6(a) by virtue of the first sentence of Section 6(b), give the figures which indicate that the security or securities aggregate (together with all other than outstanding notes and drafts of a maturity of nine months or less, exclusive of days of grace, as to which such company is primarily or secondarily liable) are not more than 5 percentum of the principal amount and par value of the other securities of such company then outstanding. (Demand notes, regardless of how long they may have been outstanding, shall be considered as maturing in not more than nine months for purposes of the exemption from Section 6(a) or the Act granted by the first sentence of Section 6(b). Not applicable

14.	If the security or securities are exempt from the provisions of Section 6(a) because of the fourth sentence of Section 6(b), name the security outstanding on January 1, 1935, pursuant to the terms of which the security or securities herein described have been issued. Not applicable.

15.	If the security or securities are exempt from the provisions of Section 6(a) because of any rule of the Commission other than Rule U-48 [Reg. ss. 250.48, P. 36,621] designate the rule under which exemption is claimed. Rule 52.


		Scottish Power plc

By:		/s/ David Nish
		David Nish
		Finance Director

Date: November 15, 2004

Schedule I

SHORT TERM DEBT SETTLEMENT

COMPANY: PPW - PACIFICORP

From 7/1/2004 to 9/30/2004


SETTLEMENT DATE	MATURITY DATE	DEALER/ LENDER	TERM	RATE	YIELD	FACE	INTEREST/ DISCOUNT	PROCEEDS	REFERENCE ID
CURRENCY: USD - UNITED STATES DOLLARS

INSTRUMENT TYPE CPD

PORTFOLIO: PPWCPD - PPW COMMERCIAL PAPER - DISCOUNTED

Type (I/D/E): Discounted
8/17/2004	9/8/2004	1BOFA	22	1.65	1.65	20,000,000.00	20,166.67	19,979,833.33	00003543
7/7/2004	8/10/2004	1BOFA	34	1.37	1.37	35,000,000.00	45,286.11	34,954,713.89	00003514
7/8/2004	7/26/2004	1BOFA	18	1.36	1.36	50,000,000.00	34,000.00	49,966,000.00	00003515
7/9/2004	8/11/2004	1JPMOR	33	1.40	1.40	15,000,000.00	19,250.00	14,980,750.00	00003516
7/9/2004	8/2/2004	1BOFA	24	1.37	1.37	41,000,000.00	37,446.67	40,962,553.33	00003517
7/12/2004	7/13/2004	1BOFA	1	1.35	1.35	25,000,000.00	937.50	24,999,062.50	00003518
7/13/2004	8/10/2004	1JPMOR	28	1.42	1.42	50,000,000.00	55,222.22	49,944,777.78	00003519
7/13/2004	8/11/2004	1JPMOR	29	1.43	1.43	50,000,000.00	57,597.22	49,942,402.78	00003520
7/13/2004	8/17/2004	1BOFA	35	1.45	1.45	35,000,000.00	49,340.28	34,950,659.72	00003521
7/13/2004	10/7/2004	1BOFA	86	1.63	1.64	10,000,000.00	38,938.89	9,961,061.11	00003522
7/14/2004	8/12/2004	1JPMOR	29	1.44	1.44	15,000,000.00	17,400.00	14,982,600.00	00003523
7/14/2004	8/13/2004	1JPMOR	30	1.44	1.44	10,000,000.00	12,000.00	9,988,000.00	00003524
7/15/2004	9/8/2004	1BOFA	55	1.55	1.55	20,000,000.00	47,361.11	19,952,638.89	00003525
7/15/2004	10/7/2004	1BOFA	84	1.67	1.68	5,000,000.00	19,483.33	4,980,516.67	00003526
7/20/2004	8/13/2004	1JPMOR	24	1.45	1.45	40,000,000.00	38,666.67	39,961,333.33	00003527
7/22/2004	8/20/2004	1JPMOR	29	1.48	1.48	35,000,000.00	41,727.78	34,958,272.22	00003528
7/22/2004	8/19/2004	1BOFA	28	1.46	1.46	10,000,000.00	11,355.56	9,988,644.44	00003529
7/22/2004	9/10/2004	1BOFA	50	1.53	1.53	15,000,000.00	31,875.00	14,968,125.00	00003530
7/23/2004	8/23/2004	1JPMOR	31	1.50	1.50	48,000,000.00	62,000.00	47,938,000.00	00003531
7/26/2004	8/25/2004	1BOFA	30	1.50	1.50	25,000,000.00	31,250.00	24,968,750.00	00003532
7/26/2004	9/2/2004	1BOFA	38	1.52	1.52	25,000,000.00	40,111.11	24,959,888.89	00003533
8/2/2004	9/20/2004	1BOFA	49	1.62	1.62	20,000,000.00	44,100.00	19,955,900.00	00003534
8/4/2004	9/10/2004	1BOFA	37	1.60	1.60	10,000,000.00	16,444.44	9,983,555.56	00003535
8/4/2004	10/5/2004	1BOFA	62	1.67	1.67	10,000,000.00	28,761.11	9,971,238.89	00003536
8/10/2004	9/13/2004	1JPMOR	34	1.63	1.63	50,000,000.00	76,972.22	49,923,027.78	00003537
8/10/2004	10/8/2004	1BOFA	59	1.70	1.70	10,000,000.00	27,861.11	9,972,138.89	00003538
8/10/2004	10/12/2004	1BOFA	63	1.70	1.71	25,000,000.00	74,375.00	24,925,625.00	00003539
8/11/2004	8/25/2004	1JPMOR	14	1.63	1.63	40,000,000.00	25,355.56	39,974,644.44	00003540
8/12/2004	8/27/2004	1JPMOR	15	1.63	1.63	15,000,000.00	10,187.50	14,989,812.50	00003541

Page 1 of 2

SHORT TERM DEBT SETTLEMENT

COMPANY: PPW - PACIFICORP

From 7/1/2004 to 9/30/2004


SETTLEMENT DATE	MATURITY DATE	DEALER/ LENDER	TERM	RATE	YIELD	FACE	INTEREST/ DISCOUNT	PROCEEDS	REFERENCE ID
8/13/2004	8/30/2004	1JPMOR	17	1.63	1.63	50,000,000.00	38,486.11	49,961,513.89	00003542
8/17/2004	9/10/2004	1BOFA	24	1.65	1.65	15,000,000.00	16,500.00	14,983,500.00	00003544
8/20/2004	8/24/2004	1JPMOR	4	1.57	1.57	35,000,000.00	6,105.56	34,993,894.44	00003545
8/23/2004	8/24/2004	1JPMOR	1	1.57	1.57	48,000,000.00	2,093.33	47,997,906.67	00003546
9/13/2004	11/2/2004	1BOFA	50	1.85	1.85	25,000,000.00	64,236.11	24,935,763.89	00003547
9/20/2004	10/21/2004	1BOFA	31	1.85	1.85	20,000,000.00	31,861.11	19,968,138.89	00003548
9/30/2004	11/2/2004	1JPMOR	33	1.90	1.90	40,000,000.00	69,666.67	39,930,333.33	00003549

Total for PPWCPD						992,000,000.00	1,244,421.95	990,755,578.05
Weighted Average			28.9	1.54	1.55

Total for CPD						992,000,000.00	1,244,421.95	990,755,578.05
Weighted Average			28.9	1.54	1.55

TOTAL FOR USD						992,000,000.00	1,244,421.95	990,755,578.05
WEIGHTED AVERAGE			28.9	1.54	1.55

Page 2 of 2

Schedule II


LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		SCOTTISH POWER UK


DATE	DAILY ACTIVITY		PGH LENDS (BORROWS)		DAILY % RATE		SPUK INT PAY	(INT PMT)	INT PAY		INT PMT
BALANCE FORWARD			($150,000,000.00	)					0.00
30-Jun-04			($150,000,000.00	)	1.34000	%	0.00		(5,583.33	)
1-Jul-04	($50,000,000.00	)	($200,000,000.00	)	1.36000	%	0.00		(13,138.89	)
2-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(20,694.44	)
3-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(28,250.00	)
4-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(35,805.56	)
5-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(43,361.11	)
6-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(50,916.67	)
7-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(58,472.22	)
8-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(66,027.78	)
9-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(73,583.33	)
10-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(81,138.89	)
11-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(88,694.44	)
12-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(96,250.00	)
13-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(103,805.56	)
14-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(111,361.11	)
15-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(118,916.67	)
16-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(126,472.22	)
17-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(134,027.78	)
18-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(141,583.33	)
19-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(149,138.89	)
20-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(156,694.44	)
21-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(164,250.00	)
22-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(171,805.56	)
23-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(179,361.11	)
24-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(186,916.67	)
25-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(194,472.22	)
26-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(202,027.78	)
27-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(209,583.33	)
28-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(217,138.89	)
29-Jul-04			($200,000,000.00	)	1.36000	%	0.00		(224,694.44	)
											224,694.44

TOTAL	($50,000,000.00	)	($200,000,000.00	)


LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		SCOTTISH POWER UK


DATE	DAILY ACTIVITY		PGH LENDS (BORROWS)		DAILY % RATE		SPUK INT PAY	(INT PMT)	INT PAY		INT PMT
BALANCE FORWARD			($200,000,000.00	)					0.00
30-Jul-04			($200,000,000.00	)	1.48000	%	0.00		(8,222.22	)
31-Jul-04			($200,000,000.00	)	1.48000	%	0.00		(16,444.44	)
1-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(24,666.67	)
2-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(32,888.89	)
3-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(41,111.11	)
4-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(49,333.33	)
5-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(57,555.56	)
6-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(65,777.78	)
7-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(74,000.00	)
8-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(82,222.22	)
9-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(90,444.44	)
10-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(98,666.67	)
11-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(106,888.89	)
12-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(115,111.11	)
13-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(123,333.33	)
14-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(131,555.56	)
15-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(139,777.78	)
16-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(148,000.00	)
17-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(156,222.22	)
18-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(164,444.44	)
19-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(172,666.67	)
20-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(180,888.89	)
21-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(189,111.11	)
22-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(197,333.33	)
23-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(205,555.56	)
24-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(213,777.78	)
25-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(222,000.00	)
26-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(230,222.22	)
27-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(238,444.44	)
28-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(246,666.67	)
29-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(254,888.89	)
30-Aug-04			($200,000,000.00	)	1.48000	%	0.00		(263,111.11	)

TOTAL	$	0.00	($200,000,000.00	)


LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		SCOTTISH POWER UK


DATE	DAILY ACTIVITY		PGH LENDS (BORROWS)		DAILY % RATE		SPUK INT PAY	(INT PMT)	INT PAY		INT PMT
BALANCE FORWARD			($200,000,000.00	)					0.00
31-Aug-04			($200,000,000.00	)	1.65000	%	0.00		(9,166.67	)
1-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(18,333.33	)
2-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(27,500.00	)
3-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(36,666.67	)
4-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(45,833.33	)
5-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(55,000.00	)
6-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(64,166.67	)
7-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(73,333.33	)
8-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(82,500.00	)
9-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(91,666.67	)
10-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(100,833.33	)
11-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(110,000.00	)
12-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(119,166.67	)
13-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(128,333.33	)
14-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(137,500.00	)
15-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(146,666.67	)
16-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(155,833.33	)
17-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(165,000.00	)
18-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(174,166.67	)
19-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(183,333.33	)
20-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(192,500.00	)
21-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(201,666.67	)
22-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(210,833.33	)
23-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(220,000.00	)
24-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(229,166.67	)
25-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(238,333.33	)
26-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(247,500.00	)
27-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(256,666.67	)
28-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(265,833.33	)
29-Sep-04			($200,000,000.00	)	1.65000	%	0.00		(275,000.00	)

TOTAL	$	0.00	($200,000,000.00	)


RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PPM


DATE	DAILY ACTIVITY			PGH LEND (OWES)		DAILY % RATE		PPM pay int	IP	PGH pays int	INT PMT
BALANCE FORWARD				$	639,164,282.34			0.00	551,377.69	0.00
01-Jul-04	$	2,765,464.72		$	641,929,747.06	1.3600	%	24,250.68		0.00
02-Jul-04	$	3,075,084.25		$	645,004,831.31	1.3600	%	48,617.53		0.00
03-Jul-04				$	645,004,831.31	1.3600	%	72,984.38		0.00
04-Jul-04				$	645,004,831.31	1.3600	%	97,351.23		0.00
05-Jul-04				$	645,004,831.31	1.3600	%	121,718.08		0.00
06-Jul-04	$	4,429,793.75		$	649,434,625.06	1.3600	%	146,252.27		0.00
07-Jul-04	$	15,846,766.96		$	665,281,392.02	1.3600	%	171,385.13		0.00
08-Jul-04		($390,360.65	)	$	664,891,031.37	1.3600	%	196,503.23		0.00
09-Jul-04		($3,644,252.69	)	$	661,246,778.68	1.3600	%	221,483.67		0.00
10-Jul-04				$	661,246,778.68	1.3600	%	246,464.10		0.00
11-Jul-04				$	661,246,778.68	1.3600	%	271,444.53		0.00
12-Jul-04		($5,071,712.83	)	$	656,175,065.85	1.3600	%	296,233.37		0.00
13-Jul-04		($14,534,706.37	)	$	641,640,359.48	1.3600	%	320,473.12		0.00
14-Jul-04	$	2,857,386.75		$	644,497,746.23	1.3600	%	344,820.81		0.00
15-Jul-04	$	1,157,412.56		$	645,655,158.79	1.3600	%	369,212.23		0.00
16-Jul-04		($4,760,978.95	)	$	640,894,179.84	1.3600	%	393,423.78		0.00
17-Jul-04				$	640,894,179.84	1.3600	%	417,635.34		0.00
18-Jul-04				$	640,894,179.84	1.3600	%	441,846.90		0.00
19-Jul-04		($394,196.60	)	$	640,499,983.24	1.3600	%	466,043.57		0.00
20-Jul-04	$	116,360.32		$	640,616,343.56	1.3600	%	490,244.63		0.00
21-Jul-04		($9,502,926.21	)	$	631,113,417.35	1.3600	%	514,086.69		0.00
22-Jul-04	$	321,629.52		$	631,435,046.87	1.3600	%	537,940.90		0.00
23-Jul-04	$	50,342,387.44		$	681,777,434.31	1.3600	%	563,696.94		0.00
24-Jul-04				$	681,777,434.31	1.3600	%	589,452.98		0.00
25-Jul-04				$	681,777,434.31	1.3600	%	615,209.01		0.00
26-Jul-04	$	14,621,476.87		$	696,398,911.18	1.3600	%	641,517.41		0.00
27-Jul-04		($15,007,682.75	)	$	681,391,228.43	1.3600	%	667,258.86		0.00
28-Jul-04	$	7,067,815.81		$	688,459,044.24	1.3600	%	693,267.31		0.00
29-Jul-04	$	3,047,932.94		$	691,506,977.18	1.3600	%	719,390.91		0.00
30-Jul-04		($2,257,196.08	)	$	689,249,781.10	1.3600	%	745,429.24		0.00
31-Jul-04				$	689,249,781.10	1.3600	%	771,467.56		0.00

TOTAL	$	50,085,498.76		$	689,249,781.10	1.3600	%			0.00


RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PPM


DATE	DAILY ACTIVITY			PGH LEND (OWES)		DAILY % RATE		PPM pay int	IP	PGH pays int	INT PMT
BALANCE FORWARD				$	689,249,781.10			0.00	771,467.56	0.00
01-Aug-04				$	689,249,781.10	1.4800	%	28,335.82		0.00
02-Aug-04		($123,003.58	)	$	689,126,777.52	1.4800	%	56,666.59		0.00
03-Aug-04		($9,982,361.77	)	$	679,144,415.75	1.4800	%	84,586.97		0.00
04-Aug-04	$	4,407,237.43		$	683,551,653.18	1.4800	%	112,688.54		0.00
05-Aug-04		($6,117,894.87	)	$	677,433,758.31	1.4800	%	140,538.60		0.00
06-Aug-04	$	2,388,307.35		$	679,822,065.66	1.4800	%	168,486.84		0.00
07-Aug-04				$	679,822,065.66	1.4800	%	196,435.08		0.00
08-Aug-04				$	679,822,065.66	1.4800	%	224,383.32		0.00
09-Aug-04	$	2,409,288.81		$	682,231,354.47	1.4800	%	252,430.61		0.00
10-Aug-04	$	1,669,294.94		$	683,900,649.41	1.4800	%	280,546.52		0.00
11-Aug-04		($5,179,380.40	)	$	678,721,269.01	1.4800	%	308,449.51		0.00
12-Aug-04		($3,378,848.40	)	$	675,342,420.61	1.4800	%	336,213.58		0.00
13-Aug-04		($3,017,515.92	)	$	672,324,904.69	1.4800	%	363,853.61		0.00
14-Aug-04				$	672,324,904.69	1.4800	%	391,493.63		0.00
15-Aug-04				$	672,324,904.69	1.4800	%	419,133.66		0.00
16-Aug-04	$	3,655,071.87		$	675,979,976.56	1.4800	%	446,923.94		0.00
17-Aug-04		($2,384,618.17	)	$	673,595,358.39	1.4800	%	474,616.20		0.00
18-Aug-04		($842,470.30	)	$	672,752,888.09	1.4800	%	502,273.82		0.00
19-Aug-04	$	834,311.54		$	673,587,199.63	1.4800	%	529,965.73		0.00
20-Aug-04	$	2,631,204.56		$	676,218,404.19	1.4800	%	557,765.82		0.00
21-Aug-04				$	676,218,404.19	1.4800	%	585,565.91		0.00
22-Aug-04				$	676,218,404.19	1.4800	%	613,366.00		0.00
23-Aug-04	$	21,735,913.83		$	697,954,318.02	1.4800	%	642,059.68		0.00
24-Aug-04		($8,390,859.30	)	$	689,563,458.72	1.4800	%	670,408.40		0.00
25-Aug-04		($20,992,923.83	)	$	668,570,534.89	1.4800	%	697,894.08		0.00
26-Aug-04	$	8,217,146.02		$	676,787,680.91	1.4800	%	725,717.57		0.00
27-Aug-04	$	2,389,353.78		$	679,177,034.69	1.4800	%	753,639.30		0.00
28-Aug-04				$	679,177,034.69	1.4800	%	781,561.02		0.00
29-Aug-04				$	679,177,034.69	1.4800	%	809,482.74		0.00
30-Aug-04		($11,882,872.11	)	$	667,294,162.58	1.4800	%	836,915.95		0.00
31-Aug-04		($1,384,827.94	)	$	665,909,334.64	1.4800	%	864,292.22		0.00

TOTAL		($23,340,446.46	)	$	665,909,334.64			864,292.22		0.00


RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PPM


DATE	DAILY ACTIVITY			PGH LEND (OWES)		DAILY % RATE		PPM pay int	IP	PGH pays int	INT PMT
BALANCE FORWARD				$	665,909,334.64			0.00	864,292.22	0.00
01-Sep-04		($5,697,295.86	)	$	660,212,038.78	1.6500	%	30,259.72		0.00
02-Sep-04		($3,539,194,15	)	$	656,672,844.63	1.6500	%	60,357.22		0.00
03-Sep-04		($3,379,421.27	)	$	653,293,423.36	1.6500	%	90,299.84		0.00
04-Sep-04				$	653,293,423.36	1.6500	%	120,242.45		0.00
05-Sep-04				$	653,293,423.36	1.6500	%	150,185.07		0.00
06-Sep-04				$	653,293,423.36	1.6500	%	180,127.68		0.00
07-Sep-04		($2,445,132.48	)	$	650,848,290.88	1.6500	%	209,958.23		0.00
08-Sep-04	$	3,757,645.04		$	654,605,935.92	1.6500	%	239,961.00		0.00
09-Sep-04	$	3,350,791.93		$	657,956,727.85	1.6500	%	270,117.35		0.00
10-Sep-04	$	9,414,695.59		$	667,371,423.44	1.6500	%	300,705.21		0.00
11-Sep-04				$	667,371,423.44	1.6500	%	331,293.07		0.00
12-Sep-04				$	667,371,423.44	1.6500	%	361,880.92		0.00
13-Sep-04	$	1,915,864.14		$	669,287,287.58	1.6500	%	392,556.59		0.00
14-Sep-04	$	9,083,111.48		$	678,370,399.06	1.6500	%	423,648.57		0.00
15-Sep-04		($6,036,656.63	)	$	672,333,742.43	1.6500	%	454,463.86		0.00
16-Sep-04		($10,806,588.79	)	$	661,527,153.64	1.6500	%	484,783.86		0.00
17-Sep-04	$	5,624,807.93		$	667,151,961.57	1.6500	%	515,361.66		0.00
18-Sep-04				$	667,151,961.57	1.6500	%	545,939.46		0.00
19-Sep-04				$	667,151,961.57	1.6500	%	576,517.25		0.00
20-Sep-04	$	29,768,438.01		$	696,920,399.58	1.6500	%	608,459.44		0.00
21-Sep-04		($18,649,160.52	)	$	678,271,239.06	1.6500	%	639,546.87		0.00
22-Sep-04	$	19,450,849.84		$	697,722,088.90	1.6500	%	671,525.80		0.00
23-Sep-04	$	15,818,410.63		$	713,540,499.53	1.6500	%	704,229.74		0.00
24-Sep-04		($14,618,397.80	)	$	698,922,101.73	1.6500	%	736,263.67		0.00
25-Sep-04				$	698,922,101.73	1.6500	%	768,297.60		0.00
26-Sep-04				$	698,922,101.73	1.6500	%	800,331.53		0.00
27-Sep-04	$	10,591,554.06		$	709,513,655.79	1.6500	%	832,850.90		0.00
28-Sep-04	$	7,016,634.49		$	716,530,290.28	1.6500	%	865,691.88		0.00
29-Sep-04	$	24,295,919.71		$	740,826,209.99	1.6500	%	899,646.41		0.00
30-Sep-04		($988,138.71	)	$	739,838,071.28	1.6500	%	933,555.66		0.00

TOTAL	$	73,928,736.64		$	0.00			0.00		0.00


RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PKE


DATE	DAILY ACTIVITY			PGH LEND (OWES)		DAILY % RATE		PKE INT PAY	IP	PGH pays int		INT PMT
BALANCE FORWARD				($8,662,706.24	)			0.00				7,981.03
01-Jul-04		($7,981.03	)	($8,670,687.27	)	1.3600	%	0.00		(327.56	)
02-Jul-04	$	1,647.03		($8,669,040.24	)	1.3600	%	0.00		(655.06	)
03-Jul-04				($8,669,040.24	)	1.3600	%	0.00		(982.55	)
04-Jul-04				($8,669,040.24	)	1.3600	%	0.00		(1,310.05	)
05-Jul-04				($8,669,040.24	)	1.3600	%	0.00		(1,637.55	)
06-Jul-04				($8,669,040.24	)	1.3600	%	0.00		(1,965.04	)
07-Jul-04	$	271.24		($8,668,769.00	)	1.3600	%	0.00		(2,292.53	)
08-Jul-04	$	520.00		($8,668,249.00	)	1.3600	%	0.00		(2,620.00	)
09-Jul-04	$	201.25		($8,668,047.75	)	1.3600	%	0.00		(2,947.46	)
10-Jul-04				($8,668,047.75	)	1.3600	%	0.00		(3,274.92	)
11-Jul-04				($8,668,047.75	)	1.3600	%	0.00		(3,602.38	)
12-Jul-04	$	661.90		($8,667,385.85	)	1.3600	%	0.00		(3,929.81	)
13-Jul-04				($8,667,385.85	)	1.3600	%	0.00		(4,257.25	)
14-Jul-04				($8,667,385.85	)	1.3600	%	0.00		(4,584.68	)
15-Jul-04	$	77.84		($8,667,308.01	)	1.3600	%	0.00		(4,912.11	)
16-Jul-04				($8,667,308.01	)	1.3600	%	0.00		(5,239.54	)
17-Jul-04				($8,667,308.01	)	1.3600	%	0.00		(5,566.98	)
18-Jul-04				($8,667,308.01	)	1.3600	%	0.00		(5,894.41	)
19-Jul-04	$	617.75		($8,666,690.26	)	1.3600	%	0.00		(6,221.82	)
20-Jul-04	$	41,603.67		($8,625,086.59	)	1.3600	%	0.00		(6,547.65	)
21-Jul-04		($303,292.65	)	($8,928,379.24	)	1.3600	%	0.00		(6,884.95	)
22-JuI-04	$	201.25		($8,928,177.99	)	1.3600	%	0.00		(7,222.23	)
23-Jul-04	$	147,275.51		($8,780,902.48	)	1.3600	%	0.00		(7,553.96	)
24-Jul-04				($8,780,902.48	)	1.3600	%	0.00		(7,885.68	)
25-Jul-04				($8,780,902.48	)	1.3600	%	0.00		(8,217.40	)
26-Jul-04	$	201.25		($8,780,701.23	)	1.3600	%	0.00		(8,549.12	)
27-Jul-04				($8,780,701.23	)	1.3600	%	0.00		(8,880.83	)
28-Jul-04				($8,780,701.23	)	1.3600	%	0.00		(9,212.55	)
29-Jul-04				($8,780,701.23	)	1.3600	%	0.00		(9,544.26	)
30-Jul-04	$	4,804.58		($8,775,896.65	)	1.3600	%	0.00		(9,875.80	)
31-Jul-04				($8,775,896.65	)	1.3600	%	0.00		(10,207.33	)

TOTAL		($113,190.41	)	($8,775,896.65	)	1.3600	%	0.00


RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PKE


DATE	DAILY ACTIVITY			PGH LEND (OWES)		DAILY % RATE		PKE INT PAY	IP	PGH pays int		INT PMT
BALANCE FORWARD				($8,775,896.65	)			0.00				10,207.33
01-Aug-04				($8,775,896.65	)	1.4800	%	0.00		(360.79	)
02-Aug-04		($10,207.33	)	($8,786,103.98	)	1.4800	%	0.00		(721.99	)
03-Aug-04	$	307.00		($8,785,796.98	)	1.4800	%	0.00		(1,083.19	)
04-Aug-04	$	1,219.53		($8,784,577.45	)	1.4800	%	0.00		(1,444.33	)
05-Aug-04				($8,784,577.45	)	1.4800	%	0.00		(1,805.47	)
06-Aug-04	$	1,796.57		($8,782,780.88	)	1.4800	%	0.00		(2,166.54	)
07-Aug-04				($8,782,780.88	)	1.4800	%	0.00		(2,527.61	)
08-Aug-04				($8,782,780.88	)	1.4800	%	0.00		(2,888.68	)
09-Aug-04	$	60.00		($8,782,720.88	)	1.4800	%	0.00		(3,249.75	)
10-Aug-04				($8,782,720.88	)	1.4800	%	0.00		(3,610.82	)
11-Aug-04				($8,782,720.88	)	1.4800	%	0.00		(3,971.89	)
12-Aug-04	$	501.25		($8,782,219.63	)	1.4800	%	0.00		(4,332.93	)
13-Aug-04				($8,782,219.63	)	1.4800	%	0.00		(4,693.98	)
14-Aug-04				($8,782,219.63	)	1.4800	%	0.00		(5,055.03	)
15-Aug-04				($8,782,219.63	)	1.4800	%	0.00		(5,416.07	)
16-Aug-04	$	145,574.01		($8,636,645.62	)	1.4800	%	0.00		(5,771.14	)
17-Aug-04	$	327.86		($8,636,317.76	)	1.4800	%	0.00		(6,126.18	)
18-Aug-04	$	1,006.43		($8,635,311.33	)	1.4800	%	0.00		(6,481.19	)
19-Aug-04	$	80.00		($8,635,231.33	)	1.4800	%	0.00		(6,836.20	)
20-Aug-04	$	37,200.80		($8,598,030.53	)	1.4800	%	0.00		(7,189.67	)
21-Aug-04				($8,598,030.53	)	1.4800	%	0.00		(7,543.14	)
22-Aug-04				($8,598,030.53	)	1.4800	%	0.00		(7,896.62	)
23-Aug-04		($349,793.82	)	($8,947,824.35	)	1.4800	%	0.00		(8,264.47	)
24-Aug-04				($8,947,824.35	)	1.4800	%	0.00		(8,632.33	)
25-Aug-04				($8,947,824.35	)	1.4800	%	0.00		(9,000.18	)
26-Aug-04	$	201.25		($8,947,623.10	)	1.4800	%	0.00		(9,368.03	)
27-Aug-04	$	307.00		($8,947,316.10	)	1.4800	%	0.00		(9,735.87	)
28-Aug-04				($8,947,316.10	)	1.4800	%	0.00		(10,103.70	)
29-Aug-04				($8,947,316.10	)	1.4800	%	0.00		(10,471.53	)
30-Aug-04	$	54.00		($8,947,262.10	)	1.4800	%	0.00		(10,839.37	)
31-Aug-04				($8,947,262.10	)	1.4800	%	0.00		(11,207.20	)

TOTAL		($171,365.45	)	($8,947,262.10	)					(11,207.20	)


RULE 52 LOAN AGREEMENT
PARTIES:		PACIFICORP GROUP HOLDINGS
		PKE


DATE	DAILY ACTIVITY			PGH LEND (OWES)			DAILY % RATE		PKE INT PAY	IP	PGH pays int		INT PMT
BALANCE FORWARD					($8,947,262.10	)			0.00				11,207.20
01-Sep-04		($11,207.20	)		($8,958,469.30	)	1.6500	%	0.00		(410.60	)
02-Sep-04	$	942.12			($8,957,527.18	)	1.6500	%	0.00		(821.15	)
03-Sep-04	$	282.50			($8,957,244.68	)	1.6500	%	0.00		(1,231.69	)
04-Sep-04					($8,957,244.68	)	1.6500	%	0.00		(1,642.23	)
05-Sep-04					($8,957,244.68	)	1.6500	%	0.00		(2,052.77	)
06-Sep-04					($8,957,244.68	)	1.6500	%	0.00		(2,463.31	)
07-Sep-04	$	37.00			($8,957,207.68	)	1.6500	%	0.00		(2,873.85	)
08-Sep-04					($8,957,207.68	)	1.6500	%	0.00		(3,284.39	)
09-Sep-04					($8,957,207.68	)	1.6500	%	0.00		(3,694.93	)
10-Sep-04					($8,957,207.68	)	1.6500	%	0.00		(4,105.47	)
11-Sep-04					($8,957,207.68	)	1.6500	%	0.00		(4,516.00	)
12-Sep-04					($8,957,207.68	)	1.6500	%	0.00		(4,926.54	)
13-Sep-04	$	2,535.40			($8,954,672.28	)	1.6500	%	0.00		(5,336.97	)
14-Sep-04	$	427.00			($8,954,245.28	)	1.6500	%	0.00		(5,747.37	)
15-Sep-04					($8,954,245.28	)	1.6500	%	0.00		(6,157.77	)
16-Sep-04					($8,954,245.28	)	1.6500	%	0.00		(6,568.17	)
17-Sep-04					($8,954,245.28	)	1.6500	%	0.00		(6,978.58	)
18-Sep-04					($8,954,245.28	)	1.6500	%	0.00		(7,388.98	)
19-Sep-04					($8,954,245.28	)	1.6500	%	0.00		(7,799.38	)
20-Sep-04	$	220,229.89			($8,734,015.39	)	1.6500	%	0.00		(8,199.69	)
21-Sep-04		($286,548.68	)		($9,020,564.07	)	1.6500	%	0.00		(8,613.13	)
22-Sep-04	$	1,685.68			($9,018,878.39	)	1.6500	%	0.00		(9,026.50	)
23-Sep-04	$	4,121.72			($9,014,756.67	)	1.6500	%	0.00		(9,439.68	)
24-Sep-04					($9,014,756.67	)	1.6500	%	0.00		(9,852.85	)
25-Sep-04					($9,014,756.67	)	1.6500	%	0.00		(10,266.03	)
26-Sep-04					($9,014,756.67	)	1.6500	%	0.00		(10,679.21	)
27-Sep-04	$	840.27			($9,013,916.40	)	1.6500	%	0.00		(11,092.34	)
28-Sep-04					($9,013,916.40	)	1.6500	%	0.00		(11,505.48	)
29-Sep-04	$	65.75			($9,013,850.65	)	1.6500	%	0.00		(11,918.62	)
30-Sep-04					($9,013,850.65	)	1.6500	%	0.00		(12,331.75	)

TOTAL		($66,588.55	)	$	0.00						0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PFS


DATE	DAILY ACTIVITY PGH ADV/(REC)			PGH REC/(PAY)			DAILY % RATE		PFS pays int		INT PMT	PGH pays int		INT PMT
BALANCE FORWARD				($	37,079,025.64	)			0.00			0.00		68,888.03
01-Jul-04		($487,617.52	)	($	37,566,643.16	)	1.7650	%	0.00			(1,841.81	)
02-Jul-04	$	11.16		($	37,566,632.00	)	1.7650	%	0.00			(3,683.62	)
03-Jul-04				($	37,566,632.00	)	1.7650	%	0.00			(5,525.43	)
04-Jul-04				($	37,566,632.00	)	1.7650	%	0.00			(7,367.23	)
05-Jul-04				($	37,566,632.00	)	1.7650	%	0.00			(9,209.04	)
06-Jul-04	$	1,272.25		($	37,565,359.75	)	1.7650	%	0.00			(11,050.79	)
07-Jul-04				($	37,565,359.75	)	1.7850	%	0.00			(12,913.40	)
08-Jul-04	$	1,354.27		($	37,564,005.48	)	1.7750	%	0.00			(14,765.52	)
09-Jul-04	$	2,403.24		($	37,561,602.24	)	1.7950	%	0.00			(16,638.38	)
10-Jul-04				($	37,561,602.24	)	1.7950	%	0.00			(18,511.25	)
11-Jul-04				($	37,561,602.24	)	1.7950	%	0.00			(20,384.11	)
12-Jul-04	$	731.78		($	37,560,870.46	)	1.7650	%	0.00			(22,225.63	)
13-Jul-04				($	37,560,870.46	)	1.8650	%	0.00			(24,171.50	)
14-Jul-04				($	37,560,870.46	)	1.8550	%	0.00			(26,106.92	)
15-Jul-04	$	660,000.00		($	36,900,870.46	)	1.9850	%	0.00			(28,141.60	)
16-Jul-04	$	16,250.00		($	36,884,620.46	)	1.9850	%	0.00			(30,175.37	)
17-Jul-04				($	36,884,620.46	)	1.9850	%	0.00			(32,209.15	)
18-Jul-04				($	36,884,620.46	)	1.9850	%	0.00			(34,242.93	)
19-Jul-04	$	1,178.50		($	36,883,441.96	)	1.9850	%	0.00			(36,276.64	)
20-Jul-04				($	36,883,441.96	)	1.8650	%	0.00			(38,187.41	)
21-Jul-04				($	36,883,441.96	)	1.8650	%	0.00			(40,098.17	)
22-Jul-04				($	36,883,441.96	)	1.9050	%	0.00			(42,049.92	)
23-Jul-04	$	23,368.96		($	36,860,073.00	)	1.9150	%	0.00			(44,010.67	)
24-Jul-04				($	36,860,073.00	)	1.9150	%	0.00			(45,971.43	)
25-Jul-04				($	36,860,073.00	)	1.9150	%	0.00			(47,932.18	)
26-Jul-04				($	36,860,073.00	)	1.9250	%	0.00			(49,903.17	)
27-Jul-04	$	2,765.72		($	36,857,307.28	)	1.9250	%	0.00			(51,874.01	)
28-Jul-04				($	36,857,307.28	)	1.9250	%	0.00			(53,844.85	)
29-Jul-04	$	8,113.00		($	36,849,194.28	)	1.9250	%	0.00			(55,815.26	)
30-Jul-04	$	16,508.34		($	36,832,685.94	)	1.9250	%	0.00			(57,784.79	)
31-Jul-04				($	36,832,685.94	)	1.9250	%	0.00			(59,754.31	)

	$	246,339.70		($	36,832,685.94	)	1.8669	%	0.0000	%	0.00	(59,754.31	)	0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PFS


DATE	DAILY ACTIVITY PGH ADV/(REC)			PGH REC/(PAY)			DAILY % RATE		PFS pays int	INT PMT	PGH pays int		INT PMT
BALANCE FORWARD				($	36,832,685.94	)			0.00		0.00		59,754.31
01-Aug-04				($	36,832,685.94	)	1.9250	%	0.00		(1,969.53	)
02-Aug-04		($76,004.31	)	($	36,908,690.25	)	2.0350	%	0.00		(4,055.89	)
03-Aug-04				($	36,908,690.25	)	2.0350	%	0.00		(6,142.26	)
04-Aug-04				($	36,908,690.25	)	2.0550	%	0.00		(8,249.13	)
05-Aug-04				($	36,908,690.25	)	2.0550	%	0.00		(10,356.00	)
06-Aug-04				($	36,908,690.25	)	2.0550	%	0.00		(12,462.87	)
07-Aug-04				($	36,908,690.25	)	2.0550	%	0.00		(14,569.74	)
08-Aug-04				($	36,908,690.25	)	2.0550	%	0.00		(16,676.61	)
09-Aug-04	$	774.65		($	36,907,915.60	)	2.0550	%	0.00		(18,783.44	)
10-Aug-04	$	2,300.00		($	36,905,615.60	)	2.0750	%	0.00		(20,910.64	)
11-Aug-04				($	36,905,615.60	)	2.0450	%	0.00		(23,007.08	)
12-Aug-04	$	466,050.00		($	36,439,565.60	)	2.0450	%	0.00		(25,077.05	)
13-Aug-04	$	11,040.00		($	36,428,525.60	)	2.0450	%	0.00		(27,146.40	)
14-Aug-04				($	36,428,525.60	)	2.0450	%	0.00		(29,215.74	)
15-Aug-04				($	36,428,525.60	)	2.0450	%	0.00		(31,285.08	)
16-Aug-04		($18,963.90	)	($	36,447,489.50	)	2.0450	%	0.00		(33,355.50	)
17-Aug-04				($	36,447,489.50	)	2.0650	%	0.00		(35,446.17	)
18-Aug-04				($	36,447,489.50	)	2.0650	%	0.00		(37,536.84	)
19-Aug-04	$	2,312.90		($	36,445,176.60	)	2.0650	%	0.00		(39,627.37	)
20-Aug-04				($	36,445,176.60	)	1.9850	%	0.00		(41,636.92	)
21-Aug-04				($	36,445,176.60	)	1.9850	%	0.00		(43,646.47	)
22-Aug-04				($	36,445,176.60	)	1.9850	%	0.00		(45,656.01	)
23-Aug-04	$	3,731.00		($	36,441,445.60	)	1.9850	%	0.00		(47,665.35	)
24-Aug-04				($	36,441,445.60	)	1.9850	%	0.00		(49,674.69	)
25-Aug-04				($	36,441,445.60	)	1.9850	%	0.00		(51,684.04	)
26-Aug-04				($	36,441,445.60	)	1.9850	%	0.00		(53,693.38	)
27-Aug-04				($	36,441,445.60	)	1.9850	%	0.00		(55,702.72	)
28-Aug-04				($	36,441,445.60	)	1.9850	%	0.00		(57,712.06	)
29-Aug-04				($	36,441,445.60	)	1.9850	%	0.00		(59,721.40	)
30-Aug-04				($	36,441,445.60	)	1.9850	%	0.00		(61,730.74	)
31-Aug-04	$	11.16		($	36,441,434.44	)	1.9850	%	0.00		(63,740.08	)

	$	391,251.50		($	36,441,434.44	)	2.0221	%		0.00			0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PFS


DATE	DAILY ACTIVITY PGH ADV/(REC)			PGH REC/(PAY)			DAILY % RATE		PFS pays int	INT PMT	PGH pays int		INT PMT
BALANCE FORWARD				($	36,441,434.44	)			0.00		0.00		63,740.08
01-Sep-04		($13,473,813.13	)	($	49,915,247.57	)	1.9850	%	0.00		(2,752.27	)
02-Sep-04				($	49,915,247.57	)	1.9850	%	0.00		(5,504.54	)
03-Sep-04				($	49,915,247.57	)	1.9850	%	0.00		(8,256.81	)
04-Sep-04				($	49,915,247.57	)	1.9850	%	0.00		(11,009.09	)
05-Sep-04				($	49,915,247.57	)	1.9850	%	0.00		(13,761.36	)
06-Sep-04				($	49,915,247.57	)	1.9850	%	0.00		(16,513.63	)
07-Sep-04	$	5,120.00		($	49,910,127.57	)	1.9850	%	0.00		(19,265.62	)
08-Sep-04				($	49,910,127.57	)	1.9850	%	0.00		(22,017.61	)
09-Sep-04				($	49,910,127.57	)	1.9850	%	0.00		(24,769.59	)
10-Sep-04				($	49,910,127.57	)	1.9850	%	0.00		(27,521.58	)
11-Sep-04				($	49,910,127.57	)	1.9850	%	0.00		(30,273.57	)
12-Sep-04				($	49,910,127.57	)	1.9850	%	0.00		(33,025.56	)
13-Sep-04				($	49,910,127.57	)	2.2650	%	0.00		(36,165.74	)
14-Sep-04	$	27.87		($	49,910,099.70	)	2.2650	%	0.00		(39,305.92	)
15-Sep-04				($	49,910,099.70	)	2.2650	%	0.00		(42,446.09	)
16-Sep-04				($	49,910,099.70	)	2.2650	%	0.00		(45,586.27	)
17-Sep-04				($	49,910,099.70	)	2.2650	%	0.00		(48,726.45	)
18-Sep-04				($	49,910,099.70	)	2.2650	%	0.00		(51,866.63	)
19-Sep-04				($	49,910,099.70	)	2.2650	%	0.00		(55,006.80	)
20-Sep-04	$	9,270.16		($	49,900,829.54	)	2.2650	%	0.00		(58,146.40	)
21-Sep-04	$	800,000.00		($	49,100,829.54	)	2.2650	%	0.00		(61,235.66	)
22-Sep-04	$	2,235.74		($	49,098,593.80	)	2.2650	%	0.00		(64,324.78	)
23-Sep-04				($	49,098,593.80	)	2.2650	%	0.00		(67,413.90	)
24-Sep-04	$	134,135.53		($	48,964,458.27	)	2.2650	%	0.00		(70,494.58	)
25-Sep-04				($	48,964,458.27	)	2.2650	%	0.00		(73,575.26	)
26-Sep-04				($	48,964,458.27	)	2.2650	%	0.00		(76,655.94	)
27-Sep-04				($	48,964,458.27	)	2.2650	%	0.00		(79,736.62	)
28-Sep-04				($	48,964,458.27	)	2.2650	%	0.00		(82,817.30	)
29-Sep-04				($	48,964,458.27	)	2.2650	%	0.00		(85,897.98	)
30-Sep-04	$	4,928,776.00		($	44,035,682.27	)	2.3150	%	0.00		(88,729.72	)

		($7,594,247.83	)	$	0.00		2.1547	%		0.00			0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACIFICORP TRANS


DATE	DAILY ACTIVITY PGH ADV / (REC)			PGH REC/(PAY)			DAILY % RATE		Trans pays int			PGH pays int			INT PMT
BALANCE FORWARD				$	9,408.46				$	0.00		$	0.00		$	51.00
01-Jul-04		($51.00	)	$	9,357.46		1.7650	%	$	0.46		$	0.00
02-Jul-04				$	9,357.46		1.7650	%	$	0.92		$	0.00
03-Jul-04				$	9,357.46		1.7650	%	$	1.38		$	0.00
04-Jul-04				$	9,357.46		1.7650	%	$	1.84		$	0.00
05-Jul-04				$	9,357.46		1.7650	%	$	2.29		$	0.00
06-Jul-04	$	12,808.02		$	22,165.48		1.7650	%	$	3.38		$	0.00
07-Jul-04				$	22,165.48		1.7850	%	$	4.48		$	0.00
08-Jul-04				$	22,165.48		1.7750	%	$	5.57		$	0.00
09-Jul-04				$	22,165.48		1.7950	%	$	6.68		$	0.00
10-Jul-04				$	22,165.48		1.7950	%	$	7.78		$	0.00
11-Jul-04				$	22,165.48		1.7950	%	$	8.89		$	0.00
12-Jul-04				$	22,165.48		1.7650	%	$	9.97		$	0.00
13-Jul-04	$	49.00		$	22,214.48		1.8650	%	$	11.13		$	0.00
14-Jul-04				$	22,214.48		1.8550	%	$	12.27		$	0.00
15-Jul-04				$	22,214.48		1.9850	%	$	13.50		$	0.00
16-Jul-04				$	22,214.48		1.9850	%	$	14.72		$	0.00
17-Jul-04				$	22,214.48		1.9850	%	$	15.94		$	0.00
18-Jul-04				$	22,214.48		1.9850	%	$	17.17		$	0.00
19-Jul-04				$	22,214.48		1.9850	%	$	18.39		$	0.00
20-Jul-04	$	250.00		$	22,464.48		1.8650	%	$	19.56		$	0.00
21-Jul-04	$	89.09		$	22,553.57		1.8650	%	$	20.73		$	0.00
22-Jul-04				$	22,553.57		1.9050	%	$	21.92		$	0.00
23-Jul-04		($38,836.03	)		($16,282.46	)	1.9150	%	$	21.92			($0.87	)
24-Jul-04					($16,282.46	)	1.9150	%	$	21.92			($1.73	)
25-Jul-04					($16,282.46	)	1.9150	%	$	21.92			($2.60	)
26-Jul-04	$	2,128.92			($14,153.54	)	1.9250	%	$	21.92			($3.36	)
27-Jul-04	$	14,490.00		$	336.46		1.9250	%	$	21.94			($3.36	)
28-Jul-04				$	336.46		1.9250	%	$	21.96			($3.36	)
29-Jul-04				$	336.46		1.9250	%	$	21.97			($3.36	)
30-Jul-04	$	13,385.08		$	13,721.54		1.9250	%	$	22.71			($3.36	)
31-Jul-04				$	13,721.54		1.9250	%	$	23.44			($3.36	)

TOTAL	$	4,313.08		$	13,721.54		1.8669	%	$	23.44	0.00		(3.36	)		0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACIFICORP TRANS


DATE	DAILY ACTIVITY PGH ADV / (REC)			PGH REC/(PAY)			DAILY % RATE		Trans pays int				PGH pays int			INT PMT
BALANCE FORWARD				$	13,721.54				$	0.00	$	20.08	$	0.00
01-Aug-04				$	13,721.54		1.9250	%	$	0.73			$	0.00
02-Aug-04	$	110.08		$	13,831.62		2.0350	%	$	1.52			$	0.00
03-Aug-04				$	13,831.62		2.0350	%	$	2.30			$	0.00
04-Aug-04				$	13,831.62		2.0550	%	$	3.09			$	0.00
05-Aug-04	$	146.75		$	13,978.37		2.0550	%	$	3.88			$	0.00
06-Aug-04	$	86.25		$	14,064.62		2.0550	%	$	4.69			$	0.00
07-Aug-04				$	14,064.62		2.0550	%	$	5.49			$	0.00
08-Aug-04				$	14,064.62		2.0550	%	$	6.29			$	0.00
09-Aug-04	$	14,958.50		$	29,023.12		2.0550	%	$	7.95			$	0.00
10-Aug-04				$	29,023.12		2.0750	%	$	9.62			$	0.00
11-Aug-04				$	29,023.12		2.0450	%	$	11.27			$	0.00
12-Aug-04				$	29,023.12		2.0450	%	$	12.92			$	0.00
13-Aug-04				$	29,023.12		2.0450	%	$	14.57			$	0.00
14-Aug-04				$	29,023.12		2.0450	%	$	16.22			$	0.00
15-Aug-04				$	29,023.12		2.0450	%	$	17.87			$	0.00
16-Aug-04		($45,176.64	)		($16,153.52	)	2.0450	%	$	17.87				($0.92	)
17-Aug-04	$	140.46			($16,013.06	)	2.0650	%	$	17.87				($1.84	)
18-Aug-04	$	1,509.36			($14,503.70	)	2.0650	%	$	17.87				($2.67	)
19-Aug-04					($14,503.70	)	2.0650	%	$	17.87				($3.50	)
20-Aug-04					($14,503.70	)	1.9850	%	$	17.87				($4.30	)
21-Aug-04					($14,503.70	)	1.9850	%	$	17.87				($5.10	)
22-Aug-04					($14,503.70	)	1.9850	%	$	17.87				($5.90	)
23-Aug-04					($14,503.70	)	1.9850	%	$	17.87				($6.70	)
24-Aug-04					($14,503.70	)	1.9850	%	$	17.87				($7.50	)
25-Aug-04	$	146.30			($14,357.40	)	1.9850	%	$	17.87				($8.29	)
26-Aug-04					($14,357.40	)	1.9850	%	$	17.87				($9.08	)
27-Aug-04					($14,357.40	)	1.9850	%	$	17.87				($9.87	)
28-Aug-04					($14,357.40	)	1.9850	%	$	17.87				($10.67	)
29-Aug-04					($14,357.40	)	1.9850	%	$	17.87				($11.46	)
30-Aug-04	$	12,777.78			($1,579.62	)	1.9850	%	$	17.87				($11.54	)
31-Aug-04	$	518.35			($1,061.27	)	1.9850	%	$	17.87				($11.60	)

TOTAL		($14,782.81	)		($1,061.27	)	2.0221	%				0.00				0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACIFICORP TRANS


DATE	DAILY ACTIVITY PGH ADV / (REC)			PGH REC/(PAY)			DAILY % RATE		Trans pays int				PGH pays int			INT PMT
BALANCE FORWARD					($1,061.27	)			$	0.00	$	6.27	$	0.00
01-Sep-04	$	6.27			($1,055.00	)	1.9850	%	$	0.00			($	0.06	)
02-Sep-04					($1,055.00	)	1.9850	%	$	0.00			($	0.12	)
03-Sep-04					($1,055.00	)	1.9850	%	$	0.00			($	0.17	)
04-Sep-04					($1,055.00	)	1.9850	%	$	0.00			($	0.23	)
05-Sep-04					($1,055.00	)	1.9850	%	$	0.00			($	0.29	)
06-Sep-04					($1,055.00	)	1.9850	%	$	0.00			($	0.35	)
07-Sep-04	$	15,983.25		$	14,928.25		1.9850	%	$	0.82			($	0.35	)
08-Sep-04				$	14,928.25		1.9850	%	$	1.65			($	0.35	)
09-Sep-04	$	10.20		$	14,938.45		1.9850	%	$	2.47			($	0.35	)
10-Sep-04				$	14,938.45		1.9850	%	$	3.29			($	0.35	)
11-Sep-04				$	14,938.45		1.9850	%	$	4.12			($	0.35	)
12-Sep-04				$	14,938.45		1.9850	%	$	4.94			($	0.35	)
13-Sep-04				$	14,938.45		2.2650	%	$	5.88			($	0.35	)
14-Sep-04				$	14,938.45		2.2650	%	$	6.82			($	0.35	)
15-Sep-04				$	14,938.45		2.2650	%	$	7.76			($	0.35	)
16-Sep-04	$	507.41		$	15,445.86		2.2650	%	$	8.73			($	0.35	)
17-Sep-04				$	15,445.86		2.2650	%	$	9.70			($	0.35	)
18-Sep-04				$	15,445.86		2.2650	%	$	10.68			($	0.35	)
19-Sep-04				$	15,445.86		2.2650	%	$	11.65			($	0.35	)
20-Sep-04		($27,108.06	)		($11,662.20	)	2.2650	%	$	11.65			($	1.08	)
21-Sep-04	$	15,904.50		$	4,242.30		2.2650	%	$	11.91			($	1.08	)
22-Sep-04				$	4,242.30		2.2650	%	$	12.18			($	1.08	)
23-Sep-04	$	146.70		$	4,389.00		2.2650	%	$	12.46			($	1.08	)
24-Sep-04	$	12,777.78		$	17,166.78		2.2650	%	$	13.54			($	1.08	)
25-Sep-04				$	17,166.78		2.2650	%	$	14.62			($	1.08	)
26-Sep-04				$	17,166.78		2.2650	%	$	15.70			($	1.08	)
27-Sep-04	$	17,271.82		$	34,438.60		2.2650	%	$	17.86			($	1.08	)
28-Sep-04				$	34,438.60		2.2650	%	$	20.03			($	1.08	)
29-Sep-04				$	34,438.60		2.2650	%	$	22.20			($	1.08	)
30-Sep-04				$	34,438.60		2.3150	%	$	24.41			($	1.08	)

TOTAL	$	35,499.87		$	0.00		2.1547	%				0.00				0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACE GROUP


DATE	DAILY ACTIVITY PGH ADV / (REC)			PGH REC/(PAY)		DAILY % RATE		PACE owes int			(INT PMT)	PGH owes int			INT PMT
BALANCE FORWARD				($1,312,806.21	)			$	0.00			$	0.00		$	1,825.62
01-Jul-04	$	19,437.38		($1,293,368.83	)	1.7650	%	$	0.00				($63.41	)
02-Jul-04				($1,293,368.83	)	1.7650	%	$	0.00				($126.82	)
03-Jul-04				($1,293,368.83	)	1.7650	%	$	0.00				($190.23	)
04-Jul-04				($1,293,368.83	)	1.7650	%	$	0.00				($253.64	)
05-Jul-04				($1,293,368.83	)	1.7650	%	$	0.00				($317.05	)
06-Jul-04				($1,293,368.83	)	1.7650	%	$	0.00				($380.47	)
07-Jul-04				($1,293,368.83	)	1.7850	%	$	0.00				($444.60	)
08-Jul-04				($1,293,368.83	)	1.7750	%	$	0.00				($508.37	)
09-Jul-04		($17,318.02	)	($1,310,686.85	)	1.7950	%	$	0.00				($573.72	)
10-Jul-04				($1,310,686.85	)	1.7950	%	$	0.00				($639.07	)
11-Jul-04				($1,310,686.85	)	1.7950	%	$	0.00				($704.42	)
12-Jul-04				($1,310,686.85	)	1.7650	%	$	0.00				($768.68	)
13-Jul-04				($1,310,686.85	)	1.8650	%	$	0.00				($836.58	)
14-Jul-04				($1,310,686.85	)	1.8550	%	$	0.00				($904.12	)
15-Jul-04				($1,310,686.85	)	1.9850	%	$	0.00				($976.39	)
16-Jul-04	$	3,102.39		($1,307,584.46	)	1.9850	%	$	0.00				($1,048.49	)
17-Jul-04				($1,307,584.46	)	1.9850	%	$	0.00				($1,120.59	)
18-Jul-04				($1,307,584.46	)	1.9850	%	$	0.00				($1,192.69	)
19-Jul-04				($1,307,584.46	)	1.9850	%	$	0.00				($1,264.79	)
20-Jul-04				($1,307,584.46	)	1.8650	%	$	0.00				($1,332.53	)
21-Jul-04				($1,307,584.46	)	1.8650	%	$	0.00				($1,400.27	)
22-Jul-04				($1,307,584.46	)	1.9050	%	$	0.00				($1,469.46	)
23-Jul-04				($1,307,584.46	)	1.9150	%	$	0.00				($1,539.01	)
24-Jul-04				($1,307,584.46	)	1.9150	%	$	0.00				($1,608.57	)
25-Jul-04				($1,307,584.46	)	1.9150	%	$	0.00				($1,678.13	)
26-Jul-04				($1,307,584.46	)	1.9250	%	$	0.00				($1,748.05	)
27-Jul-04				($1,307,584.46	)	1.9250	%	$	0.00				($1,817.97	)
28-Jul-04				($1,307,584.46	)	1.9250	%	$	0.00				($1,887.89	)
29-Jul-04				($1,307,584.46	)	1.9250	%	$	0.00				($1,957.81	)
30-Jul-04	$	18,363.00		($1,289,221.46	)	1.9250	%	$	0.00				($2,026.74	)
31-Jul-04				($1,289,221.46	)	1.9250	%	$	0.00				($2,095.68	)

TOTAL	$	23,584.75		($1,289,221.46	)	1.8669	%		0.0000	%	0.00		(2,095.68	)		0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACE GROUP


DATE	DAILY ACTIVITY PGH ADV / (REC)			PGH REC/(PAY)		DAILY % RATE		PACE owes int		(INT PMT)	PGH owes int			INT PMT
BALANCE FORWARD				($1,289,221.46	)			$	0.00		$	0.00		$	2,095.68
01-Aug-04				($1,289,221.46	)	1.9250	%	$	0.00			($68.94	)
02-Aug-04				($1,289,221.46	)	2.0350	%	$	0.00			($141.81	)
03-Aug-04		($2,095.68	)	($1,291,317.14	)	2.0350	%	$	0.00			($214.81	)
04-Aug-04				($1,291,317.14	)	2.0550	%	$	0.00			($288.52	)
05-Aug-04		($16,818,02	)	($1,308,135.16	)	2.0550	%	$	0.00			($363.20	)
06-Aug-04				($1,308,135.16	)	2.0550	%	$	0.00			($437.87	)
07-Aug-04				($1,308,135.16	)	2.0550	%	$	0.00			($512.54	)
08-Aug-04				($1,308,135.16	)	2.0550	%	$	0.00			($587.21	)
09-Aug-04				($1,308,135.16	)	2.0550	%	$	0.00			($661.89	)
10-Aug-04				($1,308,135.16	)	2.0750	%	$	0.00			($737.29	)
11-Aug-04				($1,308,135.16	)	2.0450	%	$	0.00			($811.59	)
12-Aug-04				($1,308,135.16	)	2.0450	%	$	0.00			($885.90	)
13-Aug-04				($1,308,135.16	)	2.0450	%	$	0.00			($960.21	)
14-Aug-04				($1,308,135.16	)	2.0450	%	$	0.00			($1,034.52	)
15-Aug-04				($1,308,135.16	)	2.0450	%	$	0.00			($1,108.83	)
16-Aug-04				($1,308,135.16	)	2.0450	%	$	0.00			($1,183.14	)
17-Aug-04				($1,308,135.16	)	2.0650	%	$	0.00			($1,258.18	)
18-Aug-04				($1,308,135.16	)	2.0650	%	$	0.00			($1,333.21	)
19-Aug-04	$	3,102.39		($1,305,032.77	)	2.0650	%	$	0.00			($1,408.07	)
20-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,480.03	)
21-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,551.99	)
22-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,623.95	)
23-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,695.90	)
24-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,767.86	)
25-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,839.82	)
26-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,911.78	)
27-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($1,983.74	)
28-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($2,055.69	)
29-Aug-04				($1,305,032.77	)	1.9850	%	$	0.00			($2,127.65	)
30-Aug-04	$	18,363.00		($1,286,669.77	)	1.9850	%	$	0.00			($2,198.60	)
31-Aug-04				($1,286,669.77	)	1.9850	%	$	0.00			($2,269.54	)

TOTAL	$	2,551.69		($1,286,669.77	)	2.0221	%			0.00					0.00


INTERCOMPANY LOAN AGREEMENT
GROUP:		PACIFICORP GROUP HOLDINGS
SUBSIDIARY:		PACE GROUP


DATE	DAILY ACTIVITY PGH ADV / (REC)			PGH REC/(PAY)			DAILY % RATE		PACE owes int		(INT PMT)	PGH owes int			INT PMT
BALANCE FORWARD					($1,286,669.77	)			$	0.00		$	0.00		$	2,269.54
01-Sep-04					($1,286,669.77	)	1.9850	%	$	0.00			($70.95	)
02-Sep-04					($1,286,669.77	)	1.9850	%	$	0.00			($141.89	)
03-Sep-04					($1,286,669.77	)	1.9850	%	$	0.00			($212.84	)
04-Sep-04					($1,286,669.77	)	1.9850	%	$	0.00			($283.78	)
05-Sep-04					($1,286,669.77	)	1.9850	%	$	0.00			($354.73	)
06-Sep-04					($1,286,669.77	)	1.9850	%	$	0.00			($425.67	)
07-Sep-04					($1,286,669.77	)	1.9850	%	$	0.00			($496.62	)
08-Sep-04		($26,269.54	)		($1,312,939.31	)	1.9850	%	$	0.00			($569.01	)
09-Sep-04					($1,312,939.31	)	1.9850	%	$	0.00			($641.41	)
10-Sep-04					($1,312,939.31	)	1.9850	%	$	0.00			($713.80	)
11-Sep-04					($1,312,939.31	)	1.9850	%	$	0.00			($786.19	)
12-Sep-04					($1,312,939.31	)	1.9850	%	$	0.00			($858.59	)
13-Sep-04	$	10,784.37			($1,302,154.94	)	2.2650	%	$	0.00			($940.52	)
14-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,022.44	)
15-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,104.37	)
16-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,186.30	)
17-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,268.23	)
18-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,350.15	)
19-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,432.08	)
20-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,514.01	)
21-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,595.93	)
22-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,677.86	)
23-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,759.79	)
24-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,841.72	)
25-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($1,923.64	)
26-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($2,005.57	)
27-Sep-04					($1,302,154.94	)	2.2650	%	$	0.00			($2,087.50	)
28-Sep-04	$	18,363.00			($1,283,791.94	)	2.2650	%	$	0.00			($2,168.27	)
29-Sep-04					($1,283,791.94	)	2.2650	%	$	0.00			($2,249.04	)
30-Sep-04	$	7,681.98			($1,276,109.96	)	2.3150	%	$	0.00			($2,331.10	)

TOTAL	$	10,559.81		$	0.00		2.1547	%			0.00					0.00


RULE 52 LOAN AGREEMENT
PARTIES:		PPM
		PECL


DATE	DAILY ACTIVITY		PPM LEND (OWE)	DAILY % RATE		PECL pays int	IP
BALANCE FORWARD	$56,210,842.97		$56,210,842.97			0.00
01-Sep-04			$56,210,842.97	1.6500	%	2,576.33
02-Sep-04			$56,210,842.97	1.6500	%	5,152.66
03-Sep-04			$56,210,842.97	1.6500	%	7,728.99
04-Sep-04			$56,210,842.97	1.6500	%	10,305.32
05-Sep-04			$56,210,842.97	1.6500	%	12,881.65
06-Sep-04			$56,210,842.97	1.6500	%	15,457.98
07-Sep-04			$56,210,842.97	1.6500	%	18,034.31
08-Sep-04			$56,210,842.97	1.6500	%	20,610.64
09-Sep-04	819,859.56		$57,030,702.53	1.6500	%	23,224.55
10-Sep-04	15,463,930.80		$72,494,633.33	1.6500	%	26,547.22
11-Sep-04			$72,494,633.33	1.6500	%	29,869.89
12-Sep-04			$72,494,633.33	1.6500	%	33,192.56
13-Sep-04			$72,494,633.33	1.6500	%	36,515.23
14-Sep-04			$72,494,633.33	1.6500	%	39,837.90
15-Sep-04			$72,494,633.33	1.6500	%	43,160.57
16-Sep-04			$72,494,633.33	1.6500	%	46,483.24
17-Sep-04	5,606,312.85		$78,100,946.18	1.6500	%	50,062.87
18-Sep-04			$78,100,946.18	1.6500	%	53,642.50
19-Sep-04			$78,100,946.18	1.6500	%	57,222.12
20-Sep-04			$78,100,946.18	1.6500	%	60,801.75
21-Sep-04	900,000.00		$79,000,946.18	1.6500	%	64,422.63
22-Sep-04	2,554.00		$79,003,500.18	1.6500	%	68,043.62
23-Sep-04			$79,003,500.18	1.6500	%	71,664.62
24-Sep-04	(17,422,841.62	)	$61,580,658.56	1.6500	%	74,487.06
25-Sep-04			$61,580,658.56	1.6500	%	77,309.51
26-Sep-04			$61,580,658.56	1.6500	%	80,131.96
27-Sep-04	(15,515,891.14	)	$46,064,767.42	1.6500	%	82,243.26
28-Sep-04	20,872,410.30		$66,937,177.72	1.6500	%	85,311.21
29-Sep-04	1,866,450.45		$68,803,628.17	1.6500	%	88,464.71
30-Sep-04	(356,926.79	)	$68,446,701.38	1.6500	%	91,601.85
30-Sep-04	91,601.86		$68,538,303.24	Add interest to balance

TOTAL	12,327,460.27


RULE 52 LOAN AGREEMENT
PARTIES:		PPM
		PECL


DATE	DAILY ACTIVITY		PPM LEND (OWE)	DAILY % RATE		PECL pays int	IP
BALANCE FORWARD	$52,959,271.70		$52,959,271.70			0.00
01-Aug-04			$52,959,271.70	1.4800	%	2,177.21
02-Aug-04			$52,959,271.70	1.4800	%	4,354.43
03-Aug-04	(1,004,662.92	)	$51,954,608.78	1.4800	%	6,490.34
04-Aug-04	(167,400.00	)	$51,787,208.78	1.4800	%	8,619.37
05-Aug-04			$51,787,208.78	1.4800	%	10,748.40
06-Aug-04			$51,787,208.78	1.4800	%	12,877.43
07-Aug-04			$51,787,208.78	1.4800	%	15,006.46
08-Aug-04			$51,787,208.78	1.4800	%	17,135.49
09-Aug-04	(32,798.00	)	$51,754,410.78	1.4800	%	19,263.17
10-Aug-04	13,613,201.27		$65,367,612.05	1.4800	%	21,950.51
11-Aug-04			$65,367,612.05	1.4800	%	24,637.84
12-Aug-04	(19.60	)	$65,367,592.45	1.4800	%	27,325.18
13-Aug-04	3,279.00		$65,370,871.45	1.4800	%	30,012.64
14-Aug-04			$65,370,871.45	1.4800	%	32,700.11
15-Aug-04			$65,370,871.45	1.4800	%	35,387.58
16-Aug-04			$65,370,871.45	1.4800	%	38,075.05
17-Aug-04			$65,370,871.45	1.4800	%	40,762.52
18-Aug-04			$65,370,871.45	1.4800	%	43,449.99
19-Aug-04			$65,370,871.45	1.4800	%	46,137.46
20-Aug-04	(13,398,302.12	)	$51,972,569.33	1.4800	%	48,274.11
21-Aug-04			$51,972,569.33	1.4800	%	50,410.76
22-Aug-04			$51,972,569.33	1.4800	%	52,547.41
23-Aug-04	35,025,720.38		$86,998,289.71	1.4800	%	56,124.01
24-Aug-04			$86,998,289.71	1.4800	%	59,700.60
25-Aug-04	(13,139,233.58	)	$73,859,056.13	1.4800	%	62,737.03
26-Aug-04	298,164.19		$74,157,220.32	1.4800	%	65,785.72
27-Aug-04	5,457.00		$74,162,677.32	1.4800	%	68,834.63
28-Aug-04			$74,162,677.32	1.4800	%	71,883.54
29-Aug-04			$74,162,677.32	1.4800	%	74,932.45
30-Aug-04			$74,162,677.32	1.4800	%	77,981.36
31-Aug-04	(18,032,123.29	)	$56,130,554.03	1.4800	%	80,288.95
31-Aug-04	80,288.95		$56,210,842.97	Add interest to balance

TOTAL	3,251,571.28


RULE 52 LOAN AGREEMENT
PARTIES:		PPM
		PECL


DATE	DAILY ACTIVITY		PPM LEND (OWE)	DAILY % RATE		PECL pays int	IP
BALANCE FORWARD	$58,445,591.67		$58,445,591.67			0.00
01-Jul-04			$58,445,591.67	1.3600	%	2,207.94
02-Jul-04			$58,445,591.67	1.3600	%	4,415.89
03-Jul-04			$58,445,591.67	1.3600	%	6,623.83
04-Jul-04			$58,445,591.67	1.3600	%	8,831.78
05-Jul-04			$58,445,591.67	1.3600	%	11,039.72
06-Jul-04	5,389,037.88		$63,834,629.55	1.3600	%	13,451.25
07-Jul-04			$63,834,629.55	1.3600	%	15,862.78
08-JuI-04			$63,834,629.55	1.3600	%	18,274.31
09-Jul-04			$63,834,629.55	1.3600	%	20,685.84
10-Jul-04			$63,834,629.55	1.3600	%	23,097.38
11-Jul-04			$63,834,629.55	1.3600	%	25,508.91
12-Jul-04			$63,834,629.55	1.3600	%	27,920.44
13-Jul-04			$63,834,629.55	1.3600	%	30,331.97
14-Jul-04	3,898.98		$63,838,528.53	1.3600	%	32,743.64
15-Jul-04			$63,838,528.53	1.3600	%	35,155.32
16-JuI-04	980,114.78		$64,818,643.31	1.3600	%	37,604.03
17-Jul-04			$64,818,643.31	1.3600	%	40,052.73
18-Jul-04			$64,818,643.31	1.3600	%	42,501.43
19-Jul-04	693.30		$64,819,336.61	1.3600	%	44,950.17
20-Jul-04			$64,819,336.61	1.3600	%	47,398.90
21-Jul-04	1,000,000.00		$65,819,336.61	1.3600	%	49,885.40
22-Jul-04			$65,819,336.61	1.3600	%	52,371.91
23-Jul-04	30,830,880.82		$96,650,217.43	1.3600	%	56,023.14
24-Jul-04			$96,650,217.43	1.3600	%	59,674.37
25-Jul-04			$96,650,217.43	1.3600	%	63,325.60
26-Jul-04	(17,068,307.75	)	$79,581,909.68	1.3600	%	66,332.03
27-Jul-04	(11,173,346.05	)	$68,408,563.63	1.3600	%	68,916.35
28-Jul-04	32,081.83		$68,440,645.46	1.3600	%	71,501.89
29-Jul-04			$68,440,645.46	1.3600	%	74,087.43
30-Jul-04	(15,559,809.92	)	$52,880,835.54	1.3600	%	76,085.15
31-Jul-04	353.28		$52,881,188.82	1.3600	%	78,082.88
31-Jul-04	78,082.88		$52,959,271.70	Add interest to balance

TOTAL	(5,486,319.97	)


RULE 52 LOAN AGREEMENT
PARTIES:		PPM ENERGY INC
		ENSTOR Op Co.


DATE	DAILY ACTIVITY PPM ADV /(REC’T)			PPM REC/(PAY)			DAILY % RATE		ENSTOR pays int	IP	PPM pays int		INT PMT
BALANCE FORWARD					($1,429,360.89	)			0		0.00
Final Prior Month Interest		(378.28	)		($1,429,739.17	)
01-Jul-04					($1,429,739.17	)	1.3600	%	0.00		(54.01	)
02-Jul-04					($1,429,739.17	)	1.3600	%	0.00		(108.02	)
03-Jul-04					($1,429,739.17	)	1.3600	%	0.00		(162.04	)
04-Jul-04					($1,429,739.17	)	1.3600	%	0.00		(216.05	)
05-Jul-04					($1,429,739.17	)	1.3600	%	0.00		(270.06	)
06-Jul-04					($1,429,739.17	)	1.3600	%	0.00		(324.07	)
07-Jul-04		($10,259.70	)		($1,439,998.87	)	1.3600	%	0.00		(378.47	)
08-Jul-04		($2,348.63	)		($1,442,347.50	)	1.3600	%	0.00		(432.96	)
09-Jul-04					($1,442,347.50	)	1.3600	%	0.00		(487.45	)
10-Jul-04					($1,442,347.50	)	1.3600	%	0.00		(541.94	)
11-Jul-04					($1,442,347.50	)	1.3600	%	0.00		(596.43	)
12-Jul-04		($21,324.40	)		($1,463,671.90	)	1.3600	%	0.00		(651.72	)
13-Jul-04					($1,463,671.90	)	1.3600	%	0.00		(707.02	)
14-Jul-04		($25,420.98	)		($1,489,092.88	)	1.3600	%	0.00		(763.27	)
15-Jul-04	$	167,025.77			($1,322,067.11	)	1.3600	%	0.00		(813.22	)
16-Jul-04		($96,342.74	)		($1,418,409.85	)	1.3600	%	0.00		(866.80	)
17-Jul-04					($1,418,409.85	)	1.3600	%	0.00		(920.39	)
18-Jul-04					($1,418,409.85	)	1.3600	%	0.00		(973.97	)
19-Jul-04					($1,418,409.85	)	1.3600	%	0.00		(1,027.55	)
20-Jul-04	$	2.44			($1,418,407.41	)	1.3600	%	0.00		(1,081.14	)
21-Jul-04	$	1,050,769.08			($367,638.33	)	1.3600	%	0.00		(1,095.03	)
22-Jul-04	$	972,756.09		$	605,117.76		1.3600	%	22.86		(1,095.03	)
23-Jul-04				$	605,117.76		1.3600	%	45.72		(1,095.03	)
24-Jul-04		($48,637.64	)	$	556,480.12		1.3600	%	66.74		(1,095.03	)
25-Jul-04				$	556,480.12		1.3600	%	87.77		(1,095.03	)
26-Jul-04				$	556,480.12		1.3600	%	108.79		(1,095.03	)
27-Jul-04		($31,020.95	)	$	525,459.17		1.3600	%	128.64		(1,095.03	)
28-Jul-04				$	525,459.17		1.3600	%	148.49		(1,095.03	)
29-Jul-04	$	2,457.57		$	527,916.74		1.3600	%	168.43		(1,095.03	)
30-Jul-04		($870,615.91	)		($342,699.17	)	1.3600	%	168.43		(1,107.97	)
31-Jul-04		($19,555.02	)		($362,254.19	)	1.3600	%	168.43		(1,121.66	)
31-Jul-04	$	0.00			($362,254.19	)	Add interest to final balance

TOTAL	$	1,067,484.98									(953.23	)


RULE 52 LOAN AGREEMENT
PARTIES:		PPM ENERGY INC
		ENSTOR Op Co.


DATE	DAILY ACTIVITY PPM ADV /(REC’T)			PPM REC/ (PAY)		DAILY % RATE		ENSTOR pays int	IP	PPM pays int		INT PMT
BALANCE FORWARD				($362,254.19	)			0		0.00
Final Prior Month Interest		(953.23	)	($363,207.42	)
01-Aug-04				($363,207.42	)	1.4800	%	0.00		(14.93	)
02-Aug-04		($2,689.11	)	($365,896.53	)	1.4800	%	0.00		(29.97	)
03-Aug-04				($365,896.53	)	1.4800	%	0.00		(45.02	)
04-Aug-04		($14,435.11	)	($380,331.64	)	1.4800	%	0.00		(60.65	)
05-Aug-04				($380,331.64	)	1.4800	%	0.00		(76.29	)
06-Aug-04		($210,094.71	)	($590,426.35	)	1.4800	%	0.00		(100.56	)
07-Aug-04				($590,426.35	)	1.4800	%	0.00		(124.83	)
08-Aug-04				($590,426.35	)	1.4800	%	0.00		(149.11	)
09-Aug-04				($590,426.35	)	1.4800	%	0.00		(173.38	)
10-Aug-04		($2,860.00	)	($593,286.35	)	1.4800	%	0.00		(197.77	)
11-Aug-04				($593,286.35	)	1.4800	%	0.00		(222.16	)
12-Aug-04	$	468,301.24		($124,985.11	)	1.4800	%	0.00		(227.30	)
13-Aug-04		($50,539.06	)	($175,524.17	)	1.4800	%	0.00		(234.52	)
14-Aug-04				($175,524.17	)	1.4800	%	0.00		(241.73	)
15-Aug-04				($175,524.17	)	1.4800	%	0.00		(248.95	)
16-Aug-04		($133.55	)	($175,657.72	)	1.4800	%	0.00		(256.17	)
17-Aug-04		($401,511.73	)	($577,169.45	)	1.4800	%	0.00		(279.90	)
18-Aug-04		($73,570.97	)	($650,740.42	)	1.4800	%	0.00		(306.65	)
19-Aug-04	$	175,932.24		($474,808.18	)	1.4800	%	0.00		(326.17	)
20-Aug-04				($474,808.18	)	1.4800	%	0.00		(345.69	)
21-Aug-04				($474,808.18	)	1.4800	%	0.00		(365.21	)
22-Aug-04				($474,808.18	)	1.4800	%	0.00		(384.73	)
23-Aug-04				($474,808.18	)	1.4800	%	0.00		(404.25	)
24-Aug-04		($13.33	)	($474,821.51	)	1.4800	%	0.00		(423.77	)
25-Aug-04		($12,792.00	)	($487,613.51	)	1.4800	%	0.00		(443.82	)
26-Aug-04		($31,612.30	)	($519,225.81	)	1.4800	%	0.00		(465.16	)
27-Aug-04	$	369,617.45		($149,608.36	)	1.4800	%	0.00		(471.31	)
28-Aug-04				($149,608.36	)	1.4800	%	0.00		(477.46	)
29-Aug-04				($149,608.36	)	1.4800	%	0.00		(483.61	)
30-Aug-04				($149,608.36	)	1.4800	%	0.00		(489.76	)
31-Aug-04		($757,582.83	)	($907,191.19	)	1.4800	%	0.00		(527.06	)
31-Aug-04	$	0.00		($907,191.19	)	Add interest to final balance

TOTAL	$	213,599.06								(527.06	)


RULE 52 LOAN AGREEMENT
PARTIES:		PPM ENERGY INC
		ENSTOR Op Co.


DATE	DAILY ACTIVITY PPM ADV /(REC’T)			PPM REC/(PAY)			DAILY % RATE		ENSTOR pays int	IP	PPM pays int		INT PMT
BALANCE FORWARD					($907,191.19	)			0		0.00
Final Prior Month Interest		(527.06	)		($907,718.25	)
01-Sep-04					($907,718.25	)	1.4800	%	0.00		(37.32	)
02-Sep-04		($12,882.10	)		($920,600.35	)	1.4800	%	0.00		(75.16	)
03-Sep-04		($4,166.35	)		($924,766.70	)	1.4800	%	0.00		(113.18	)
04-Sep-04					($924,766.70	)	1.4800	%	0.00		(151.20	)
05-Sep-04					($924,766.70	)	1.4800	%	0.00		(189.22	)
06-Sep-04					($924,766.70	)	1.4800	%	0.00		(227.24	)
07-Sep-04		($2,165.23	)		($926,931.93	)	1.4800	%	0.00		(265.34	)
08-Sep-04					($926,931.93	)	1.4800	%	0.00		(303.45	)
09-Sep-04		($22,875.91	)		($949,807.84	)	1.4800	%	0.00		(342.50	)
10-Sep-04		($35,259.19	)		($985,067.03	)	1.4800	%	0.00		(383.00	)
11-Sep-04					($985,067.03	)	1.4800	%	0.00		(423.49	)
12-Sep-04		($20,991.49	)		($1,006,058.52	)	1.4800	%	0.00		(464.85	)
13-Sep-04	$	1,319,835.37		$	313,776.85		1.4800	%	12.90		(464.85	)
14-Sep-04		($7,000.00	)	$	306,776.85		1.4800	%	25.51		(464.85	)
15-Sep-04		($3,156.00	)	$	303,620.85		1.4800	%	37.99		(464.85	)
16-Sep-04	$	990,665.63		$	1,294,286.48		1.4800	%	91.20		(464.85	)
17-Sep-04				$	1,294,286.48		1.4800	%	144.41		(464.85	)
18-Sep-04				$	1,294,286.48		1.4800	%	197.62		(464.85	)
19-Sep-04		($922.17	)	$	1,293,364.31		1.4800	%	250.79		(464.85	)
20-Sep-04				$	1,293,364.31		1.4800	%	303.97		(464.85	)
21-Sep-04		($677.59	)	$	1,292,686.72		1.4800	%	357.11		(464.85	)
22-Sep-04		($1,259.58	)	$	1,291,427.14		1.4800	%	410.20		(464.85	)
23-Sep-04	$	63,468.19		$	1,354,895.33		1.4800	%	465.90		(464.85	)
24-Sep-04		($2,997.81	)	$	1,351,897.52		1.4800	%	521.48		(464.85	)
25-Sep-04				$	1,351,897.52		1.4800	%	577.06		(464.85	)
26-Sep-04		($3,714.00	)	$	1,348,183.52		1.4800	%	632.48		(464.85	)
27-Sep-04		($198,901.45	)	$	1,149,282.07		1.4800	%	679.73		(464.85	)
28-Sep-04				$	1,149,282.07		1.4800	%	726.98		(464.85	)
29-Sep-04		($149,530.23	)	$	999,751.84		1.4800	%	768.08		(464.85	)
30-Sep-04		($1,938,454.73	)		($938,702.89	)	1.4800	%	768.08		(503.44	)
					($938,702.89	)			768.08		(503.44	)
30-Sep-04	$	0.00			($938,702.89	)	Add interest to final balance

TOTAL	$	1,907,470.09									264.64


RULE 52 LOAN AGREEMENT
PARTIES:		PPM ENERGY INC
		Katy


DATE	DAILY ACTIVITY PPM ADV /(REC’T)			PPM REC/(PAY)		DAILY % RATE		ENSTOR pays int	IP	PPM pays int	INT PMT
BALANCE FORWARD				$	144,836,462.62			0		0.00
Final Prior month Interest		1,523.09		$	144,837,985.71
01-Jul-04				$	144,837,985.71	1.3600	%	5,471.66		0.00
02-Jul-04				$	144,837,985.71	1.3600	%	10,943.31		0.00
03-Jul-04				$	144,837,985.71	1.3600	%	16,414.97		0.00
04-Jul-04				$	144,837,985.71	1.3600	%	21,886.63		0.00
05-Jul-04				$	144,837,985.71	1.3600	%	27,358.29		0.00
06-Jul-04				$	144,837,985.71	1.3600	%	32,829.94		0.00
07-Jul-04	$	10,259.70		$	144,848,245.41	1.3600	%	38,301.99		0.00
08-Jul-04	$	2,478.55		$	144,850,723.96	1.3600	%	43,774.13		0.00
09-Jul-04				$	144,850,723.96	1.3600	%	49,246.27		0.00
10-Jul-04				$	144,850,723.96	1.3600	%	54,718.40		0.00
11-Jul-04				$	144,850,723.96	1.3600	%	60,190.54		0.00
12-Jul-04	$	21,324.40		$	144,872,048.36	1.3600	%	65,663.49		0.00
13-Jul-04				$	144,872,048.36	1.3600	%	71,136.43		0.00
14-Jul-04	$	25,420.98		$	144,897,469.34	1.3600	%	76,610.33		0.00
15-Jul-04	$	252,820.99		$	145,150,290.33	1.3600	%	82,093.79		0.00
16-Jul-04	$	97,294.94		$	145,247,585.27	1.3600	%	87,580.92		0.00
17-Jul-04				$	145,247,585.27	1.3600	%	93,068.05		0.00
18-Jul-04				$	145,247,585.27	1.3600	%	98,555.18		0.00
19-Jul-04				$	145,247,585.27	1.3600	%	104,042.31		0.00
20-Jul-04		($2.44	)	$	145,247,582.83	1.3600	%	109,529.44		0.00
21-Jul-04	$	158,653.47		$	145,406,236.30	1.3600	%	115,022.57		0.00
22-Jul-04		($2,087,287.77	)	$	143,318,948.53	1.3600	%	120,436.84		0.00
23-Jul-04		($159,000.00	)	$	143,159,948.53	1.3600	%	125,845.11		0.00
24-Jul-04	$	48,637.64		$	143,208,586.17	1.3600	%	131,255.21		0.00
25-Jul-04				$	143,208,586.17	1.3600	%	136,665.31		0.00
26-Jul-04				$	143,208,586.17	1.3600	%	142,075.41		0.00
27-Jul-04	$	31,020.95		$	143,239,607.12	1.3600	%	147,486.69		0.00
28-Jul-04				$	143,239,607.12	1.3600	%	152,897.96		0.00
29-Jul-04	$	1,304.93		$	143,240,912.05	1.3600	%	158,309.28		0.00
30-Jul-04	$	140,664.29		$	143,381,576.34	1.3600	%	163,725.92		0.00
31-Jul-04	$	31,101.43		$	143,412,677.77	1.3600	%	169,143.73		0.00
31-Jul-04	$	145,000.00		$	143,557,677.77	Add interest to final balance

TOTAL		($1,425,307.94	)							0.00


RULE 52 LOAN AGREEMENT
PARTIES:		PPM ENERGY INC
		Katy


DATE	DAILY ACTIVITY PPM ADV /(REC’T)			PPM REC/(PAY)		DAILY % RATE		ENSTOR pays int	IP	PPM pays int	INT PMT
BALANCE FORWARD				$	143,557,677.77			0		0.00
Final Prior month Interest		24,143.73		$	143,581,821.51
01-Aug-04				$	143,581,821.51	1.4800	%	5,902.81		0.00
02-Aug-04	$	2,689.11		$	143,584,510.61	1.4800	%	11,805.73		0.00
03-Aug-04				$	143,584,510.61	1.4800	%	17,708.65		0.00
04-Aug-04	$	14,435.11		$	143,598,945.72	1.4800	%	23,612.16		0.00
05-Aug-04				$	143,598,945.72	1.4800	%	29,515.67		0.00
06-Aug-04	$	210,094.71		$	143,809,040.43	1.4800	%	35,427.82		0.00
07-Aug-04				$	143,809,040.43	1.4800	%	41,339.97		0.00
08-Aug-04				$	143,809,040.43	1.4800	%	47,252.12		0.00
09-Aug-04				$	143,809,040.43	1.4800	%	53,164.27		0.00
10-Aug-04	$	2,860.00		$	143,811,900.43	1.4800	%	59,076.53		0.00
11-Aug-04				$	143,811,900.43	1.4800	%	64,988.80		0.00
12-Aug-04	$	41,497.53		$	143,853,397.96	1.4800	%	70,902.78		0.00
13-Aug-04	$	50,539.06		$	143,903,937.02	1.4800	%	76,818.83		0.00
14-Aug-04				$	143,903,937.02	1.4800	%	82,734.88		0.00
15-Aug-04	$	739,407.08		$	144,643,344.10	1.4800	%	88,681.33		0.00
16-Aug-04	$	133.55		$	144,643,477.65	1.4800	%	94,627.78		0.00
17-Aug-04	$	409,127.53		$	145,052,605.18	1.4800	%	100,591.05		0.00
18-Aug-04	$	73,570.97		$	145,126,176.15	1.4800	%	106,557.35		0.00
19-Aug-04	$	4,698.67		$	145,130,874.82	1.4800	%	112,523.84		0.00
20-Aug-04				$	145,130,874.82	1.4800	%	118,490.33		0.00
21-Aug-04				$	145,130,874.82	1.4800	%	124,456.83		0.00
22-Aug-04				$	145,130,874.82	1.4800	%	130,423.32		0.00
23-Aug-04				$	145,130,874.82	1.4800	%	136,389.81		0.00
24-Aug-04	$	13.33		$	145,130,888.15	1.4800	%	142,356.30		0.00
25-Aug-04	$	12,792.00		$	145,143,680.15	1.4800	%	148,323.32		0.00
26-Aug-04	$	31,612.30		$	145,175,292.45	1.4800	%	154,291.64		0.00
27-Aug-04		($1,648,540.09	)	$	143,526,752.36	1.4800	%	160,192.18		0.00
28-Aug-04				$	143,526,752.36	1.4800	%	166,092.73		0.00
29-Aug-04				$	143,526,752.36	1.4800	%	171,993.27		0.00
30-Aug-04		($804,988.21	)	$	142,721,764.15	1.4800	%	177,860.72		0.00
31-Aug-04	$	70,578.14		$	142,792,342.29	1.4800	%	183,731.07		0.00
31-Aug-04	$	168,000.00		$	142,960,342.29	Add interest to final balance

TOTAL		($55,069.15	)							0.00


RULE 52 LOAN AGREEMENT
PARTIES:		PPM ENERGY INC
		Katy


DATE	DAILY ACTIVITY PPM ADV /(REC’T)			PPM REC/(PAY)		DAILY % RATE		ENSTOR pays int	IP	PPM pays int	INT PMT
BALANCE FORWARD				$	142,960,342.29			0		0.00
Final Prior month Interest		15,731.07		$	142,976,073.36
01-Sep-04				$	142,976,073.36	1.4800	%	5,877.91		0.00
02-Sep-04	$	12,882.10		$	142,988,955.46	1.4800	%	11,756.34		0.00
03-Sep-04	$	4,166.35		$	142,993,121.81	1.4800	%	17,634.95		0.00
04-Sep-04				$	142,993,121.81	1.4800	%	23,513.55		0.00
05-Sep-04				$	142,993,121.81	1.4800	%	29,392.16		0.00
06-Sep-04				$	142,993,121.81	1.4800	%	35,270.76		0.00
07-Sep-04				$	142,993,121.81	1.4800	%	41,149.37		0.00
08-Sep-04				$	142,993,121.81	1.4800	%	47,027.98		0.00
09-Sep-04	$	22,875.91		$	143,015,997.72	1.4800	%	52,907.52		0.00
10-Sep-04	$	35,259.19		$	143,051,256.91	1.4800	%	58,788.52		0.00
11-Sep-04				$	143,051,256.91	1.4800	%	64,669.52		0.00
12-Sep-04	$	20,991.49		$	143,072,248.40	1.4800	%	70,551.37		0.00
13-Sep-04		($1,986,757.71	)	$	141,085,490.69	1.4800	%	76,351.56		0.00
14-Sep-04	$	7,000.00		$	141,092,490.69	1.4800	%	82,152.03		0.00
15-Sep-04	$	808,144.21		$	141,900,634.90	1.4800	%	87,985.72		0.00
16-Sep-04	$	25,925.12		$	141,926,560.02	1.4800	%	93,820.48		0.00
17-Sep-04				$	141,926,560.02	1.4800	%	99,655.23		0.00
18-Sep-04				$	141,926,560.02	1.4800	%	105,489.99		0.00
19-Sep-04	$	922.17		$	141,927,482.19	1.4800	%	111,324.79		0.00
20-Sep-04				$	141,927,482.19	1.4800	%	117,159.59		0.00
21-Sep-04	$	677.59		$	141,928,159.78	1.4800	%	122,994.41		0.00
22-Sep-04	$	1,259.58		$	141,929,419.36	1.4800	%	128,829.29		0.00
23-Sep-04	$	1,228.48		$	141,930,647.84	1.4800	%	134,664.21		0.00
24-Sep-04	$	2,997.81		$	141,933,645.65	1.4800	%	140,499.26		0.00
25-Sep-04				$	141,933,645.65	1.4800	%	146,334.31		0.00
26-Sep-04	$	3,714.00		$	141,937,359.65	1.4800	%	152,169.52		0.00
27-Sep-04		($609,000.00	)	$	141,328,359.65	1.4800	%	157,979.68		0.00
28-Sep-04				$	141,328,359.65	1.4800	%	163,789.85		0.00
29-Sep-04	$	149,530.23		$	141,477,889.88	1.4800	%	169,606.16		0.00
30-Sep-04	$	1,165,954.16		$	142,643,844.04	1.4800	%	175,470.41		0.00
				$	142,643,844.04					0.00
30-Sep-04	$	176,000.00		$	142,819,844.04	Add interest to final balance

TOTAL		($1,498,183.48	)							0.00